LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2024 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the loan portfolio |
(Dollars in Thousands)
September 30, 2024
December 31, 2023
Commercial, Financial and Agricultural
$
194,625
$
225,190
Real Estate – Construction
218,899
196,091
Real Estate – Commercial Mortgage
819,955
825,456
Real Estate – Residential
(1)
1,023,946
1,004,219
Real Estate – Home Equity
210,988
210,920
Consumer
(2)
214,683
272,042
Loans Held For Investment, Net of Unearned Income
$
2,683,096
$
2,733,918
(1)
Includes loans in process balances of $
2.7
3.2
(2)
Includes overdraft balances of $
1.4
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
September 30, 2024
Beginning Balance
$
1,575
$
1,751
$
6,076
$
14,788
$
1,865
$
3,164
$
29,219
Provision for Credit Losses
134
442
547
(240)
(49)
1,045
1,879
Charge-Offs
(331)
-
(3)
-
(23)
(1,926)
(2,283)
Recoveries
176
-
5
88
59
693
1,021
Net (Charge-Offs) Recoveries
(155)
-
2
88
36
(1,233)
(1,262)
Ending Balance
$
1,554
$
2,193
$
6,625
$
14,636
$
1,852
$
2,976
$
29,836
Nine Months Ended
September 30, 2024
Beginning Balance
$
1,482
$
2,502
$
5,782
$
15,056
$
1,818
$
3,301
$
29,941
Provision for Credit Losses
809
(309)
618
(551)
13
3,310
3,890
Charge-Offs
(1,013)
-
(3)
(17)
(99)
(5,746)
(6,878)
Recoveries
276
-
228
148
120
2,111
2,883
Net (Charge-Offs) Recoveries
(737)
-
225
131
21
(3,635)
(3,995)
Ending Balance
$
1,554
$
2,193
$
6,625
$
14,636
$
1,852
$
2,976
$
29,836
Three Months Ended
September 30, 2023
Beginning Balance
$
1,446
$
2,848
$
5,453
$
13,388
$
1,783
$
3,325
$
28,243
Provision for Credit Losses
(59)
(536)
84
1,356
(71)
1,219
1,993
Charge-Offs
(76)
-
-
-
-
(1,999)
(2,075)
Recoveries
28
-
17
30
53
794
922
Net Charge-Offs
(48)
-
17
30
53
(1,205)
(1,153)
Ending Balance
$
1,339
$
2,312
$
5,554
$
14,774
$
1,765
$
3,339
$
29,083
Nine Months Ended
September 30, 2023
Beginning Balance
$
1,506
$
2,654
$
4,815
$
10,741
$
1,864
$
3,488
$
25,068
Provision for Credit Losses
(67)
(344)
823
3,814
(269)
3,218
7,175
Charge-Offs
(294)
-
(120)
-
(39)
(6,252)
(6,705)
Recoveries
194
2
36
219
209
2,885
3,545
Net Charge-Offs
(100)
2
(84)
219
170
(3,367)
(3,160)
Ending Balance
$
1,339
$
2,312
$
5,554
$
14,774
$
1,765
$
3,339
$
29,083
|
| Loan Portfolio Aging |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
September 30, 2024
Commercial, Financial and Agricultural
$
669
$
10
$
-
$
679
$
193,816
$
130
$
194,625
Real Estate – Construction
2,025
-
-
2,025
216,552
322
218,899
Real Estate – Commercial Mortgage
703
-
-
703
818,870
382
819,955
Real Estate – Residential
1,070
389
-
1,459
1,018,892
3,595
1,023,946
Real Estate – Home Equity
629
-
-
629
209,478
881
210,988
Consumer
3,697
196
-
3,893
209,508
1,282
214,683
Total
$
8,793
$
595
$
-
$
9,388
$
2,667,116
$
6,592
$
2,683,096
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 |
September 30, 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
$
-
$
130
$
-
$
-
$
311
$
-
Real Estate – Construction
275
47
-
-
322
-
Real Estate – Commercial Mortgage
229
153
-
781
128
-
Real Estate – Residential
2,293
1,302
-
1,705
1,285
-
Real Estate – Home Equity
-
881
-
-
999
-
Consumer
-
1,282
-
-
711
-
Total Nonaccrual
$
2,797
$
3,795
$
-
$
2,486
$
3,756
$
-
|
| Collateral-dependent loans |
September 30, 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
$
-
$
101
$
-
$
30
Real Estate – Construction
275
-
275
-
Real Estate – Commercial Mortgage
229
-
1,296
-
Real Estate – Residential
2,999
-
1,706
-
Real Estate – Home Equity
-
-
-
-
Consumer
-
-
-
-
Total Collateral Dependent
$
3,503
$
101
$
3,277
$
30
|
| Loans held for investment by years of origination |
(Dollars in Thousands)
Term
Revolving
As of September 30, 2024
2024
2023
2022
2021
2020
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
28,841
$
45,675
$
41,999
$
20,867
$
6,012
$
10,488
$
39,124
$
193,006
Special Mention
200
309
393
18
2
-
79
1,001
Substandard
-
25
221
88
100
86
98
618
Total
$
29,041
$
46,009
$
42,613
$
20,973
$
6,114
$
10,574
$
39,301
$
194,625
Current-Period Gross
Writeoffs
$
8
$
248
$
392
$
86
$
124
$
-
$
155
$
1,013
Real Estate - Construction:
Pass
$
72,961
$
101,277
$
34,631
$
4,129
$
-
$
185
$
667
$
213,850
Special Mention
3,472
-
1,255
-
-
-
-
4,727
Substandard
-
-
47
275
-
-
-
322
Total
$
76,433
$
101,277
$
35,933
$
4,404
$
-
$
185
$
667
$
218,899
Real Estate - Commercial
Mortgage:
Pass
$
60,755
$
117,689
$
234,557
$
124,203
$
90,813
$
128,123
$
23,897
$
780,037
Special Mention
173
2,947
14,385
-
518
5,349
647
24,019
Substandard
5,162
2,330
3,477
755
2,526
1,649
-
15,899
Total
$
66,090
$
122,966
$
252,419
$
124,958
$
93,857
$
135,121
$
24,544
$
819,955
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
3
$
3
Real Estate - Residential:
Pass
$
117,374
$
330,178
$
367,873
$
72,716
$
31,994
$
80,541
$
11,118
$
1,011,794
Special Mention
-
266
-
1,176
611
554
-
2,607
Substandard
-
117
2,091
2,568
1,173
3,596
-
9,545
Total
$
117,374
$
330,561
$
369,964
$
76,460
$
33,778
$
84,691
$
11,118
$
1,023,946
Current-Period Gross
Writeoffs
$
-
$
13
$
-
$
-
$
-
$
4
$
-
$
17
Real Estate - Home Equity:
Performing
$
493
$
527
$
41
$
123
$
10
$
840
$
208,073
$
210,107
Nonperforming
-
-
-
-
-
-
881
881
Total
$
493
$
527
$
41
$
123
$
10
$
840
$
208,954
$
210,988
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
99
$
99
Consumer:
Performing
$
24,067
$
49,898
$
63,085
$
48,338
$
13,116
$
5,851
$
9,045
$
213,400
Nonperforming
180
376
351
241
110
12
13
1,283
Total
$
24,247
$
50,274
$
63,436
$
48,579
$
13,226
$
5,863
$
9,058
$
214,683
Current-Period Gross
Writeoffs
$
1,871
$
1,142
$
1,690
$
684
$
144
$
72
$
143
$
5,746
(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
|