LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the Loan Portfolio |
(Dollars in Thousands)
March 31, 2025
December 31, 2024
Commercial, Financial and Agricultural
$
184,393
$
189,208
Real Estate – Construction
192,282
219,994
Real Estate – Commercial Mortgage
806,942
779,095
Real Estate – Residential
(1)
1,043,821
1,042,504
Real Estate – Home Equity
225,987
220,064
Consumer
(2)
207,345
200,685
Loans Held For Investment, Net of Unearned Income
$
2,660,770
$
2,651,550
(1)
Includes loans in process balances of $
3.4
13.6
(2)
Includes overdraft balances of $
1.2
|
| Activity in Allowance for Credit Losses |
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, 2025
Beginning Balance
$
1,514
$
2,384
$
5,867
$
14,568
$
1,952
$
2,966
$
29,251
Provision for Credit Losses
47
(151)
191
206
68
722
1,083
Charge-Offs
(168)
-
-
(8)
-
(1,435)
(1,611)
Recoveries
75
-
3
119
9
805
1,011
Net (Charge-Offs) Recoveries
(93)
-
3
111
9
(630)
(600)
Ending Balance
$
1,468
$
2,233
$
6,061
$
14,885
$
2,029
$
3,058
$
29,734
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
|
| 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, 2025
Commercial, Financial and Agricultural
$
129
$
-
$
-
$
129
$
184,147
$
117
$
184,393
Real Estate – Construction
-
-
-
-
192,282
-
192,282
Real Estate – Commercial Mortgage
498
-
-
498
806,025
419
806,942
Real Estate – Residential
970
72
-
1,042
1,041,262
1,517
1,043,821
Real Estate – Home Equity
57
-
-
57
224,380
1,550
225,987
Consumer
1,807
202
-
2,009
204,643
693
207,345
Total
$
3,461
$
274
$
-
$
3,735
$
2,652,739
$
4,296
$
2,660,770
December 31, 2024
Commercial, Financial and Agricultural
$
340
$
50
$
-
$
390
$
188,781
$
37
$
189,208
Real Estate – Construction
-
-
-
-
219,994
-
219,994
Real Estate – Commercial Mortgage
719
100
-
819
777,710
566
779,095
Real Estate – Residential
185
498
-
683
1,038,694
3,127
1,042,504
Real Estate – Home Equity
122
-
-
122
218,160
1,782
220,064
Consumer
2,154
143
-
2,297
197,598
790
200,685
Total
$
3,520
$
791
$
-
$
4,311
$
2,640,937
$
6,302
$
2,651,550
|
| Recorded Investment in Nonaccrual and Past Due Loans |
March 31, 2025
December 31, 2024
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
$
117
$
-
$
-
$
-
$
37
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
-
419
-
427
139
-
Real Estate – Residential
233
1,284
-
2,046
1,081
-
Real Estate – Home Equity
876
674
-
509
1,273
-
Consumer
693
-
-
-
790
-
Total Nonaccrual
$
1,919
$
2,377
$
-
$
2,982
$
3,320
$
-
|
| Collateral-Dependent Loans |
March 31, 2025
December 31, 2024
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
1,210
$
-
$
39
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
798
-
427
-
Real Estate – Residential
1,343
-
2,476
-
Real Estate – Home Equity
1,066
-
651
-
Consumer
-
53
-
55
Total Collateral Dependent
$
3,207
$
1,263
$
3,554
$
94
|
| Loans Held for Investment by Years of Origination |
(Dollars in Thousands)
Term
Revolving
As of March 31, 2025
2025
2024
2023
2022
2021
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
11,393
$
32,913
$
32,235
$
32,129
$
16,688
$
12,860
$
40,665
$
178,883
Special Mention
-
406
3,321
142
-
-
75
3,944
Substandard
-
-
117
64
-
110
1,275
1,566
Total
$
11,393
$
33,319
$
35,673
$
32,335
$
16,688
$
12,970
$
42,015
$
184,393
Current-Period Gross
Writeoffs
$
-
$
-
$
10
$
146
$
12
$
-
$
-
$
168
Real Estate - Construction:
Pass
$
9,257
$
110,350
$
37,419
$
19,453
$
53
$
-
$
11,276
$
187,808
Special Mention
-
1,735
1,698
1,041
-
-
-
4,474
Total
$
9,257
$
112,085
$
39,117
$
20,494
$
53
$
-
$
11,276
$
192,282
Real Estate - Commercial
Mortgage:
Pass
$
9,874
$
93,831
$
116,893
$
206,672
$
105,667
$
202,456
$
31,364
$
766,757
Special Mention
3,264
168
2,878
18,479
1,129
5,401
-
31,319
Substandard
402
-
240
3,693
863
3,099
569
8,866
Total
$
13,540
$
93,999
$
120,011
$
228,844
$
107,659
$
210,956
$
31,933
$
806,942
Real Estate - Residential:
Pass
$
47,248
$
147,708
$
308,378
$
349,357
$
66,735
$
104,458
$
10,623
$
1,034,507
Special Mention
-
-
292
-
1,084
324
479
2,179
Substandard
-
-
420
1,936
1,606
3,004
169
7,135
Total
$
47,248
$
147,708
$
309,090
$
351,293
$
69,425
$
107,786
$
11,271
$
1,043,821
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
8
$
-
$
8
Real Estate - Home Equity:
Performing
$
1,103
$
11
$
508
$
29
$
119
$
632
$
222,035
$
224,437
Nonperforming
-
-
-
-
-
-
1,550
1,550
Total
$
1,103
$
11
$
508
$
29
$
119
$
632
$
223,585
$
225,987
Consumer:
Performing
$
29,040
$
31,122
$
40,601
$
48,672
$
36,122
$
11,677
$
9,418
$
206,652
Nonperforming
-
36
211
271
128
47
-
693
Total
$
29,040
$
31,158
$
40,812
$
48,943
$
36,250
$
11,724
$
9,418
$
207,345
Current-Period Gross
Writeoffs
$
570
$
11
$
281
$
413
$
121
$
23
$
16
$
1,435
(Dollars in Thousands)
Term
Revolving
As of December 31, 2024
2024
2023
2022
2021
2020
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
35,596
$
36,435
$
37,506
$
18,433
$
4,610
$
9,743
$
41,720
$
184,043
Special Mention
435
3,979
261
9
-
-
76
4,760
Substandard
-
-
193
12
58
71
71
405
Total
$
36,031
$
40,414
$
37,960
$
18,454
$
4,668
$
9,814
$
41,867
$
189,208
Current-Period Gross
Writeoffs
$
9
$
548
$
500
$
111
$
160
$
1
$
183
$
1,512
Real Estate - Construction:
Pass
$
105,148
$
73,615
$
29,821
$
53
$
-
$
185
$
8,288
$
217,110
Special Mention
1,555
-
1,329
-
-
-
-
2,884
Total
$
106,703
$
73,615
$
31,150
$
53
$
-
$
185
$
8,288
$
219,994
Current-Period Gross
Writeoffs
$
-
$
-
$
47
$
-
$
-
$
-
$
-
$
47
Real Estate - Commercial
Mortgage:
Pass
$
77,561
$
110,183
$
207,574
$
109,863
$
87,369
$
122,272
$
26,324
$
741,146
Special Mention
171
2,913
17,031
-
2,253
4,402
530
27,300
Substandard
-
2,463
3,403
869
2,508
1,305
101
10,649
Total
$
77,732
$
115,559
$
228,008
$
110,732
$
92,130
$
127,979
$
26,955
$
779,095
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
3
$
3
Real Estate - Residential:
Pass
$
165,050
$
316,521
$
358,851
$
71,423
$
31,169
$
76,921
$
11,872
$
1,031,807
Special Mention
-
265
-
1,104
468
534
521
2,892
Substandard
-
528
1,450
1,446
1,295
2,918
168
7,805
Total
$
165,050
$
317,314
$
360,301
$
73,973
$
32,932
$
80,373
$
12,561
$
1,042,504
Current-Period Gross
Writeoffs
$
-
$
13
$
-
$
-
$
-
$
48
$
-
$
61
Real Estate - Home Equity:
Performing
$
801
$
521
$
30
$
119
$
9
$
821
$
215,981
$
218,282
Nonperforming
-
-
-
-
-
-
1,782
1,782
Total
$
801
$
521
$
30
$
119
$
9
$
821
$
217,763
$
220,064
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
132
$
132
Consumer:
Performing
$
32,293
$
44,995
$
55,942
$
42,002
$
10,899
$
4,116
$
9,648
$
199,895
Nonperforming
10
174
321
156
58
71
-
790
Total
$
32,303
$
45,169
$
56,263
$
42,158
$
10,957
$
4,187
$
9,648
$
200,685
Current-Period Gross
Writeoffs
$
2,562
$
1,605
$
2,088
$
897
$
237
$
76
$
162
$
7,627
|