Quarterly report pursuant to Section 13 or 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)
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
 
million and $
6.1
 
million at March 31, 2023 and December 31,
 
2022, respectively.
(2)
Includes overdraft balances of $
0.9
 
million and $
1.1
 
million at March 31, 2023 and December 31, 2022,
 
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
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
 
Loans
$
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
 
Loans
$
2,438
$
-
$
700
$
-
Summary of gross loans held for investment by years of origination
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Term
 
Loans by Origination Year
(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