LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(As Restated)
(As Restated)
(Dollars in Thousands)
March 31, 2023
December 31, 2022
Commercial, Financial and Agricultural
$
236,263
$
247,362
Real Estate – Construction
253,903
234,519
Real Estate – Commercial Mortgage
798,438
782,557
Real Estate – Residential
(1)
855,357
749,513
Real Estate – Home Equity
206,931
208,217
Consumer
(2)
306,255
325,517
Loans Held For Investment, Net of Unearned Income
$
2,657,147
$
2,547,685
(1)
Includes loans in process balances of $
8.5
6.1
(2)
Includes overdraft balances of $
0.9
1.1
|
| 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
Three Months Ended
March 31, 2023 (As Restated)
Beginning Balance
$
1,506
$
2,654
$
4,815
$
10,741
$
1,864
$
3,488
$
25,068
Provision for Credit Losses
78
704
7
1,152
(10)
1,329
3,260
Charge-Offs
(164)
-
(120)
-
-
(2,366)
(2,650)
Recoveries
95
1
8
57
25
944
1,130
Net (Charge-Offs) Recoveries
(69)
1
(112)
57
25
(1,422)
(1,520)
Ending Balance
$
1,515
$
3,359
$
4,710
$
11,950
$
1,879
$
3,395
$
26,808
Three Months Ended
March 31, 2022 (As Restated)
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
Provision for Credit Losses
(161)
(714)
(181)
346
(405)
1,068
(47)
Charge-Offs
(73)
-
(266)
-
(33)
(1,402)
(1,774)
Recoveries
165
8
29
27
58
716
1,003
Net (Charge-Offs) Recoveries
92
8
(237)
27
25
(686)
(771)
Ending Balance
$
2,122
$
2,596
$
5,392
$
4,502
$
1,916
$
4,260
$
20,788
|
| 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
March 31, 2023 (As Restated)
Commercial, Financial and Agricultural
$
248
$
4
$
-
$
252
$
235,999
$
12
$
236,263
Real Estate – Construction
1,137
-
-
1,137
252,766
-
253,903
Real Estate – Commercial Mortgage
64
66
-
130
795,747
2,561
798,438
Real Estate – Residential
(1)
1,040
-
-
1,040
853,551
766
855,357
Real Estate – Home Equity
54
-
-
54
206,195
682
206,931
Consumer
2,175
273
-
2,448
303,239
568
306,255
Total
$
4,718
$
343
$
-
$
5,061
$
2,647,497
$
4,589
$
2,657,147
December 31, 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
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
|
| Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
March 31, 2023
December 31, 2022
Nonaccrual
Nonaccrual
Nonaccrual
Nonaccrual
With No
With
90 + Days
With No
With
90 + Days
(Dollars in Thousands)
ACL
ACL
Still Accruing
ACL
ACL
Still Accruing
Commercial, Financial and Agricultural
$
-
$
12
$
-
$
-
$
41
$
-
Real Estate – Construction
-
-
-
-
17
-
Real Estate – Commercial Mortgage
2,438
123
-
389
256
-
Real Estate – Residential
-
766
-
-
239
-
Real Estate – Home Equity
-
682
-
-
771
-
Consumer
-
568
-
-
584
-
Total Nonaccrual
$
2,438
$
2,151
$
-
$
389
$
1,908
$
-
|
| Amortized cost basis of collateral-dependent loans |
March 31, 2023
December 31, 2022
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
-
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
2,207
-
389
-
Real Estate – Residential
-
-
160
-
Real Estate – Home Equity
231
-
130
-
Consumer
-
-
21
-
Total Collateral Dependent
$
2,438
$
-
$
700
$
-
|
| Summary of gross loans held for investment by years of origination |
Term
(As
Restated)
(As
Restated)
Revolving
(As
Restated)
(Dollars in Thousands)
2023
2022
2021
2020
2019
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
9,753
$
86,415
$
40,206
$
17,534
$
12,291
$
15,965
$
49,582
$
231,746
Special Mention
1,200
-
748
71
2
47
2,322
4,390
Substandard
-
80
-
-
4
43
-
127
Total
$
10,953
$
86,495
$
40,954
$
17,605
$
12,297
$
16,055
$
51,904
$
236,263
Current-Period Gross
Writeoffs
$
-
$
105
$
22
$
14
$
-
$
10
$
13
$
164
Real Estate -
Construction:
Pass
$
34,114
$
149,982
$
52,697
$
7,275
$
397
$
123
$
6,881
$
251,469
Special Mention
-
-
859
25
453
-
-
1,337
Substandard
-
-
-
1,097
-
-
-
1,097
Total
$
34,114
$
149,982
$
53,556
$
8,397
$
850
$
123
$
6,881
$
253,903
Real Estate -
Commercial Mortgage:
Pass
$
34,848
$
245,205
$
159,795
$
131,444
$
51,973
$
137,449
$
26,056
$
786,770
Special Mention
995
339
992
240
1,402
2,819
300
7,087
Substandard
-
822
966
753
642
763
635
4,581
Total
$
35,843
$
246,366
$
161,753
$
132,437
$
54,017
$
141,031
$
26,991
$
798,438
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
120
$
-
$
120
Real Estate - Residential:
Pass
$
116,896
$
473,235
$
92,988
$
44,541
$
28,365
$
80,711
$
9,109
$
845,845
Special Mention
-
92
356
525
-
632
-
1,605
Substandard
-
1,042
1,133
1,725
953
3,054
-
7,907
Total
$
116,896
$
474,369
$
94,477
$
46,791
$
29,318
$
84,397
$
9,109
$
855,357
Real Estate - Home
Equity:
Performing
$
-
$
149
$
133
$
12
$
387
$
1,192
$
204,376
$
206,249
Nonperforming
-
-
-
-
14
76
592
682
Total
$
-
$
149
$
133
$
12
$
401
$
1,268
$
204,968
$
206,931
Consumer:
Performing
$
15,735
$
122,092
$
100,617
$
32,203
$
17,726
$
12,242
$
5,072
$
305,687
Nonperforming
-
269
170
19
84
26
-
568
Total
$
15,735
$
122,361
$
100,787
$
32,222
$
17,810
$
12,268
$
5,072
$
306,255
Current-Period Gross
Writeoffs
$
646
$
915
$
488
$
110
$
113
$
47
$
47
$
2,366
|