LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2024 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the loan portfolio |
(Dollars in Thousands)
March 31, 2024
December 31, 2023
Commercial, Financial and Agricultural
$
218,298
$
225,190
Real Estate – Construction
202,692
196,091
Real Estate – Commercial Mortgage
823,690
825,456
Real Estate – Residential
(1)
1,016,580
1,004,219
Real Estate – Home Equity
214,617
210,920
Consumer
(2)
255,295
272,042
Loans Held For Investment, Net of Unearned Income
$
2,731,172
$
2,733,918
(1)
Includes loans in process balances of $
4.4
3.2
(2)
Includes overdraft balances of $
1.1
1.0
|
| Activity in 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, 2024
Beginning Balance
$
1,482
$
2,502
$
5,782
$
15,056
$
1,818
$
3,301
$
29,941
Provision for Credit Losses
284
(633)
(39)
(248)
130
1,388
882
Charge-Offs
(282)
-
-
(17)
(76)
(2,188)
(2,563)
Recoveries
41
-
204
37
24
763
1,069
Net (Charge-Offs) Recoveries
(241)
-
204
20
(52)
(1,425)
(1,494)
Ending Balance
$
1,525
$
1,869
$
5,947
$
14,828
$
1,896
$
3,264
$
29,329
Three Months Ended
March 31, 2023
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
|
| Loan Portfolio Aging |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
March 31, 2024
Commercial, Financial and Agricultural
$
567
$
68
$
-
$
635
$
217,357
$
306
$
218,298
Real Estate – Construction
-
-
-
-
202,370
322
202,692
Real Estate – Commercial Mortgage
879
-
-
879
821,379
1,432
823,690
Real Estate – Residential
1,040
2
-
1,042
1,012,210
3,328
1,016,580
Real Estate – Home Equity
101
-
-
101
213,766
750
214,617
Consumer
2,412
323
-
2,735
251,900
660
255,295
Total
$
4,999
$
393
$
-
$
5,392
$
2,718,982
$
6,798
$
2,731,172
December 31, 2023
Commercial, Financial and Agricultural
$
311
$
105
$
-
$
416
$
224,463
$
311
$
225,190
Real Estate – Construction
206
-
-
206
195,563
322
196,091
Real Estate – Commercial Mortgage
794
-
-
794
823,753
909
825,456
Real Estate – Residential
670
34
-
704
1,000,525
2,990
1,004,219
Real Estate – Home Equity
268
-
-
268
209,653
999
210,920
Consumer
3,693
774
-
4,467
266,864
711
272,042
Total
$
5,942
$
913
$
-
$
6,855
$
2,720,821
$
6,242
$
2,733,918
|
| Recorded investment in nonaccrual and past due loans |
March 31, 2024
December 31, 2023
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
$
-
$
306
$
-
$
-
$
311
$
-
Real Estate – Construction
-
322
-
-
322
-
Real Estate – Commercial Mortgage
1,295
137
-
781
128
-
Real Estate – Residential
2,102
1,226
-
1,705
1,285
-
Real Estate – Home Equity
323
427
-
-
999
-
Consumer
-
660
-
-
711
-
Total Nonaccrual
$
3,720
$
3,078
$
-
$
2,486
$
3,756
$
-
|
| Collateral-dependent loans |
March 31, 2024
December 31, 2023
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
30
$
-
$
30
Real Estate – Construction
275
-
275
-
Real Estate – Commercial Mortgage
1,295
-
1,296
-
Real Estate – Residential
2,102
-
1,706
-
Real Estate – Home Equity
323
-
-
-
Consumer
-
-
-
-
Total Collateral Dependent
$
3,995
$
30
$
3,277
$
30
|
| Loans held for investment by years of origination |
(Dollars in Thousands)
Term
Revolving
As of March 31, 2024
2024
2023
2022
2021
2020
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
8,690
$
54,213
$
60,831
$
25,989
$
9,022
$
13,831
$
43,073
$
215,649
Special Mention
224
153
542
305
9
5
698
1,936
Substandard
-
158
89
73
90
142
161
713
Total
$
8,914
$
54,524
$
61,462
$
26,367
$
9,121
$
13,978
$
43,932
$
218,298
Current-Period Gross
Writeoffs
$
-
$
16
$
167
$
73
$
6
$
-
$
20
$
282
Real Estate -
Construction:
Pass
$
9,733
$
121,495
$
52,078
$
12,036
$
-
$
187
$
4,833
$
200,362
Special Mention
-
668
520
290
210
-
-
1,688
Substandard
-
-
74
568
-
-
-
642
Total
$
9,733
$
122,163
$
52,672
$
12,894
$
210
$
187
$
4,833
$
202,692
Real Estate -
Commercial Mortgage:
Pass
$
17,060
$
114,391
$
271,591
$
132,081
$
98,214
$
146,120
$
17,344
$
796,801
Special Mention
-
5,573
5,633
-
795
1,995
-
13,996
Substandard
-
-
1,204
6,599
2,271
2,120
699
12,893
Total
$
17,060
$
119,964
$
278,428
$
138,680
$
101,280
$
150,235
$
18,043
$
823,690
Real Estate - Residential:
Pass
$
38,629
$
358,059
$
390,522
$
80,624
$
35,045
$
95,003
$
8,509
$
1,006,391
Special Mention
-
267
88
82
494
163
-
1,094
Substandard
-
-
1,512
2,526
1,028
4,029
-
9,095
Total
$
38,629
$
358,326
$
392,122
$
83,232
$
36,567
$
99,195
$
8,509
$
1,016,580
Current-Period Gross
Writeoffs
$
-
$
13
$
-
$
-
$
-
$
4
$
-
$
17
Real Estate - Home
Equity:
Performing
$
11
$
507
$
47
$
130
$
10
$
2,388
$
210,775
$
213,868
Nonperforming
-
-
-
-
-
-
749
749
Total
$
11
$
507
$
47
$
130
$
10
$
2,388
$
211,524
$
214,617
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
76
$
76
Consumer:
Performing
$
11,402
$
63,285
$
80,641
$
63,277
$
18,244
$
10,864
$
6,304
$
254,017
Nonperforming
-
151
291
84
69
44
639
1,278
Total
$
11,402
$
63,436
$
80,932
$
63,361
$
18,313
$
10,908
$
6,943
$
255,295
Current-Period Gross
Writeoffs
$
638
$
418
$
697
$
231
$
92
$
35
$
77
$
2,188
(Dollars in Thousands)
Term
Revolving
As of December 31, 2023
2023
2022
2021
2020
2019
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
57,320
$
66,671
$
28,933
$
10,610
$
7,758
$
7,502
$
44,350
$
223,144
Special Mention
168
608
356
10
9
-
76
1,227
Substandard
164
177
98
77
20
122
161
819
Total
$
57,652
$
67,456
$
29,387
$
10,697
$
7,787
$
7,624
$
44,587
$
225,190
Current-Period Gross
Writeoffs
$
6
$
252
$
65
$
31
$
41
$
19
$
97
$
511
Real Estate - Construction:
Pass
$
101,684
$
68,265
$
18,181
$
-
$
188
$
-
$
4,617
$
192,935
Special Mention
631
500
539
212
-
-
-
1,882
Substandard
-
47
576
651
-
-
-
1,274
Total
$
102,315
$
68,812
$
19,296
$
863
$
188
$
-
$
4,617
$
196,091
Real Estate - Commercial
Mortgage:
Pass
$
117,840
$
275,079
$
135,663
$
101,210
$
43,878
$
109,878
$
18,367
$
801,915
Special Mention
3,266
5,684
-
229
1,358
573
-
11,110
Substandard
-
1,226
6,695
1,637
605
1,574
694
12,431
Total
$
121,106
$
281,989
$
142,358
$
103,076
$
45,841
$
112,025
$
19,061
$
825,456
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
120
$
-
$
120
Real Estate - Residential:
Pass
$
372,394
$
400,437
$
83,108
$
35,879
$
24,848
$
68,685
$
8,252
$
993,603
Special Mention
268
89
83
502
-
313
-
1,255
Substandard
570
1,110
1,906
1,626
1,007
3,142
-
9,361
Total
$
373,232
$
401,636
$
85,097
$
38,007
$
25,855
$
72,140
$
8,252
$
1,004,219
Current-Period Gross
Writeoffs
$
-
$
-
$
79
$
-
$
-
$
-
$
-
$
79
Real Estate - Home
Equity:
Performing
$
890
$
48
$
127
$
11
$
386
$
950
$
207,509
$
209,921
Nonperforming
-
-
-
-
-
-
999
999
Total
$
890
$
48
$
127
$
11
$
386
$
950
$
208,508
$
210,920
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
39
$
39
Consumer:
Performing
$
68,496
$
90,031
$
70,882
$
21,314
$
10,210
$
4,258
$
5,431
$
270,622
Nonperforming
293
355
58
4
-
-
710
1,420
Total
$
68,789
$
90,386
$
70,940
$
21,318
$
10,210
$
4,258
$
6,141
$
272,042
Current-Period Gross
Writeoffs
$
3,137
$
3,224
$
1,362
$
329
$
230
$
99
$
162
$
8,543
|