Annual report pursuant to Section 13 and 15(d)

LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.23.4
LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables)
12 Months Ended
Dec. 31, 2022
Loans, net [Abstract]  
Schedule of composition of the loan portfolio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(As Restated)
(Dollars in Thousands)
2022
2021
Commercial, Financial and Agricultural
$
247,362
 
$
223,086
Real Estate – Construction
 
234,519
 
 
174,394
Real Estate – Commercial Mortgage
 
782,557
 
 
663,550
Real Estate – Residential
(1)
 
749,513
 
 
360,021
Real Estate – Home Equity
 
208,217
 
 
187,821
Consumer
(2)
 
325,517
 
 
322,593
Loans Held for Investment, Net of Unearned Income
$
2,547,685
 
$
1,931,465
(1)
 
Includes loans in process with outstanding balances
 
of $
6.1
 
million and $
13.6
 
million for 2022 and 2021, respectively.
(2)
 
Includes overdraft balances of $
1.1
 
million and $
1.1
 
million for December 31, 2022 and 2021, respectively.
Schedule of activity in the allowance for loan losses by portfolio class
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial,
Real Estate
Financial,
 
Real Estate
Commercial
 
Real Estate
Real Estate
(Dollars in Thousands)
Agricultural
Construction
Mortgage
Residential
Home Equity
Consumer
Total
2022 (As Restated)
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
 
Provision for Credit Losses (As
Restated)
316
(658)
(746)
6,328
(422)
2,579
7,397
 
Charge-Offs
(1,308)
-
(355)
-
(193)
(6,050)
(7,906)
 
Recoveries
 
307
10
106
284
183
3,081
3,971
 
Net (Charge-Offs) Recoveries
(1,001)
10
(249)
284
(10)
(2,969)
(3,935)
Ending Balance (As Restated)
$
1,506
$
2,654
$
4,815
$
10,741
$
1,864
$
3,488
$
25,068
2021
Beginning Balance
$
2,204
$
2,479
$
7,029
$
5,440
$
3,111
$
3,553
$
23,816
 
Provision for Credit Losses
(227)
813
(1,679)
(1,956)
(1,125)
1,332
(2,842)
 
Charge-Offs
(239)
-
(405)
(108)
(103)
(3,972)
(4,827)
 
Recoveries
453
10
865
753
413
2,965
5,459
 
Net (Charge-Offs) Recoveries
214
10
460
645
310
(1,007)
632
Ending Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
2020
Beginning Balance
$
1,675
$
370
$
3,416
$
3,128
$
2,224
$
3,092
$
13,905
 
Impact of Adopting ASC 326
488
302
1,458
1,243
374
(596)
3,269
 
Provision for Credit Losses
578
1,757
1,865
940
486
3,409
9,035
 
Charge-Offs
(789)
-
(28)
(150)
(151)
(5,042)
(6,160)
 
Recoveries
252
50
318
279
178
2,690
3,767
 
Net (Charge-Offs) Recoveries
(537)
50
290
129
27
(2,352)
(2,393)
Ending Balance
$
2,204
$
2,479
$
7,029
$
5,440
$
3,111
$
3,553
$
23,816
Schedule of aging of the recorded investment in accruing past due loans by class of loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30-59
 
60-89
 
90 +
 
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
2022 (As Restated)
Commercial, Financial and Agricultural
$
109
$
126
$
-
$
235
$
247,086
$
41
$
247,362
Real Estate – Construction
 
359
-
-
359
234,143
17
234,519
Real Estate – Commercial Mortgage
 
158
149
-
307
781,605
645
782,557
Real Estate – Residential
(1)
 
845
530
-
1,375
747,899
239
749,513
Real Estate – Home Equity
 
-
35
-
35
207,411
771
208,217
Consumer
 
3,666
1,852
-
5,518
319,415
584
325,517
Total
$
5,137
$
2,692
$
-
$
7,829
$
2,537,559
$
2,297
$
2,547,685
2021
Commercial, Financial and Agricultural
$
100
$
23
$
-
$
123
$
222,873
$
90
$
223,086
Real Estate – Construction
 
-
-
-
-
174,394
-
174,394
Real Estate – Commercial Mortgage
 
151
-
-
151
662,795
604
663,550
Real Estate – Residential
 
365
151
-
516
357,408
2,097
360,021
Real Estate – Home Equity
 
210
-
-
210
186,292
1,319
187,821
Consumer
 
1,964
636
-
2,600
319,781
212
322,593
Total
$
2,790
$
810
$
-
$
3,600
$
1,923,543
$
4,322
$
1,931,465
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2022
 
2021
Nonaccrual
Nonaccrual
90 + Days
Nonaccrual
Nonaccrual
90 + Days
With No
With
Still
With No
With
Still
(Dollars in Thousands)
ACL
 
ACL
 
Accruing
ACL
 
ACL
 
Accruing
Commercial, Financial and Agricultural
$
-
$
41
$
-
$
67
$
23
$
-
Real Estate – Construction
 
-
17
-
-
-
-
Real Estate – Commercial Mortgage
 
389
256
-
-
604
-
Real Estate – Residential
 
-
239
-
928
1,169
-
Real Estate – Home Equity
 
-
771
-
463
856
-
Consumer
 
-
584
-
-
212
-
Total
 
Nonaccrual Loans
$
389
$
1,908
$
-
$
1,458
$
2,864
$
-
Amortized cost basis of collateral-dependent loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2022
2021
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
67
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
389
-
455
-
Real Estate – Residential
160
-
1,645
-
Real Estate – Home Equity
130
-
649
-
Consumer
21
-
-
-
Total
$
700
$
-
$
2,749
$
67
Summary of gross loans held for investment by years of origination
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Term Loans by Origination Year
(As Restated)
Revolving
(As Restated)
(Dollars in Thousands)
2022
2021
2020
2019
2018
Prior
Loans
Total
Commercial, Financial,
Agricultural:
Pass
$
96,326
$
43,584
$
20,061
$
14,744
$
6,899
$
11,970
$
50,934
$
244,518
Special Mention
-
262
7
-
51
-
2,330
2,650
Substandard
 
-
 
-
 
-
 
-
 
13
 
133
 
48
 
194
Total
$
96,326
$
43,846
$
20,068
$
14,744
$
6,963
$
12,103
$
53,312
$
247,362
Real Estate -
Construction:
Pass
$
141,784
$
73,219
$
11,928
$
397
$
-
$
123
$
4,431
$
231,882
Special Mention
-
716
384
832
-
-
-
1,932
Substandard
 
17
 
-
 
688
 
-
 
-
 
-
 
-
 
705
Total
$
141,801
$
73,935
$
13,000
$
1,229
$
-
$
123
$
4,431
$
234,519
Real Estate - Commercial
Mortgage:
Pass
$
243,818
$
159,334
$
131,131
$
55,122
$
51,864
$
101,175
$
20,575
$
763,019
Special Mention
635
1,860
931
1,420
724
2,405
549
8,524
Substandard
 
9,115
 
-
 
-
 
659
 
220
 
631
 
389
 
11,014
Total
$
253,568
$
161,194
$
132,062
$
57,201
$
52,808
$
104,211
$
21,513
$
782,557
Real Estate - Residential:
Pass
$
473,235
$
97,083
$
46,322
$
29,179
$
19,791
$
65,071
$
10,822
$
741,503
Special Mention
94
360
533
-
-
648
-
1,635
Substandard
 
560
 
766
 
1,034
 
913
 
714
 
2,388
 
-
 
6,375
Total
 
$
473,889
$
98,209
$
47,889
$
30,092
$
20,505
$
68,107
$
10,822
$
749,513
Real Estate - Home
Equity:
Performing
$
149
$
136
$
12
$
397
$
147
$
1,215
$
205,390
$
207,446
Nonperforming
-
-
-
15
-
13
743
771
Total
 
$
149
 
136
 
12
 
412
 
147
 
1,228
 
206,133
 
208,217
Consumer:
Performing
$
134,021
$
111,762
$
37,010
$
21,065
$
12,273
$
3,739
$
5,064
$
324,934
Nonperforming
248
59
120
115
7
30
4
583
Total
 
$
134,269
$
111,821
$
37,130
$
21,180
$
12,280
$
3,769
$
5,068
$
325,517