LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the Loan Portfolio |
(Dollars in Thousands)
June 30, 2025
December 31, 2024
Commercial, Financial and Agricultural
$
180,008
$
189,208
Real Estate – Construction
174,115
219,994
Real Estate – Commercial Mortgage
802,504
779,095
Real Estate – Residential
(1)
1,047,920
1,042,504
Real Estate – Home Equity
228,201
220,064
Consumer
(2)
198,742
200,685
Loans Held For Investment, Net of Unearned Income
$
2,631,490
$
2,651,550
(1)
Includes loans in process balances of $
1.6
13.6
(2)
Includes overdraft balances of $
1.3
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
June 30, 2025
Beginning Balance
$
1,468
$
2,233
$
6,061
$
14,885
$
2,029
$
3,058
$
29,734
Provision for Credit Losses
(86)
(422)
189
363
(33)
707
718
Charge-Offs
(74)
-
-
(49)
(24)
(1,351)
(1,498)
Recoveries
117
-
6
65
42
678
908
Net (Charge-Offs) Recoveries
43
-
6
16
18
(673)
(590)
Ending Balance
$
1,425
$
1,811
$
6,256
$
15,264
$
2,014
$
3,092
$
29,862
Six Months Ended
June 30, 2025
Beginning Balance
$
1,514
$
2,384
$
5,867
$
14,568
$
1,952
$
2,966
$
29,251
Provision for Credit Losses
(39)
(573)
380
569
35
1,429
1,801
Charge-Offs
(242)
-
-
(57)
(24)
(2,786)
(3,109)
Recoveries
192
-
9
184
51
1,483
1,919
Net (Charge-Offs) Recoveries
(50)
-
9
127
27
(1,303)
(1,190)
Ending Balance
$
1,425
$
1,811
$
6,256
$
15,264
$
2,014
$
3,092
$
29,862
Three Months Ended
June 30, 2024
Beginning Balance
$
1,525
$
1,869
$
5,947
$
14,828
$
1,896
$
3,264
$
29,329
Provision for Credit Losses
391
(118)
110
(63)
(68)
877
1,129
Charge-Offs
(400)
-
-
-
-
(1,632)
(2,032)
Recoveries
59
-
19
23
37
655
793
Net (Charge-Offs) Recoveries
(341)
-
19
23
37
(977)
(1,239)
Ending Balance
$
1,575
$
1,751
$
6,076
$
14,788
$
1,865
$
3,164
$
29,219
Six Months Ended
June 30, 2024
Beginning Balance
$
1,482
$
2,502
$
5,782
$
15,056
$
1,818
$
3,301
$
29,941
Provision for Credit Losses
675
(751)
71
(311)
62
2,265
2,011
Charge-Offs
(682)
-
-
(17)
(76)
(3,820)
(4,595)
Recoveries
100
-
223
60
61
1,418
1,862
Net (Charge-Offs) Recoveries
(582)
-
223
43
(15)
(2,402)
(2,733)
Ending Balance
$
1,575
$
1,751
$
6,076
$
14,788
$
1,865
$
3,164
$
29,219
|
| Loan Portfolio Aging |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
June 30, 2025
Commercial, Financial and Agricultural
$
278
$
84
$
-
$
362
$
179,327
$
319
$
180,008
Real Estate – Construction
-
-
-
-
174,115
-
174,115
Real Estate – Commercial Mortgage
765
-
-
765
800,335
1,404
802,504
Real Estate – Residential
303
1,319
-
1,622
1,044,753
1,545
1,047,920
Real Estate – Home Equity
248
19
-
267
225,343
2,591
228,201
Consumer
1,269
238
-
1,507
196,645
590
198,742
Total
$
2,863
$
1,660
$
-
$
4,523
$
2,620,518
$
6,449
$
2,631,490
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 |
June 30, 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
$
-
$
319
$
-
$
-
$
37
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
1,403
1
-
427
139
-
Real Estate – Residential
968
577
-
2,046
1,081
-
Real Estate – Home Equity
2,440
151
-
509
1,273
-
Consumer
-
590
-
-
790
-
Total Nonaccrual
$
4,811
$
1,638
$
-
$
2,982
$
3,320
$
-
|
| Collateral-Dependent Loans |
June 30, 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
2,192
-
427
-
Real Estate – Residential
2,694
-
2,476
-
Real Estate – Home Equity
1,166
-
651
-
Consumer
-
-
-
55
Total Collateral Dependent
$
6,052
$
1,210
$
3,554
$
94
|
| Loans Held for Investment by Years of Origination |
(Dollars in Thousands)
Term
Revolving
As of June 30, 2025
2025
2024
2023
2022
2021
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
21,285
$
29,681
$
28,473
$
29,399
$
15,176
$
10,549
$
40,078
$
174,641
Special Mention
-
289
3,151
116
13
-
50
3,619
Substandard
-
135
45
167
21
111
1,269
1,748
Total
$
21,285
$
30,105
$
31,669
$
29,682
$
15,210
$
10,660
$
41,397
$
180,008
Current-Period Gross
Writeoffs
$
-
$
-
$
42
$
188
$
12
$
-
$
-
$
242
Real Estate - Construction:
Pass
$
29,488
$
87,990
$
26,659
$
12,267
$
53
$
193
$
13,306
$
169,956
Special Mention
-
-
583
3,576
-
-
-
4,159
Total
$
29,488
$
87,990
$
27,242
$
15,843
$
53
$
193
$
13,306
$
174,115
Real Estate - Commercial
Mortgage:
Pass
$
39,009
$
97,387
$
113,036
$
198,192
$
102,760
$
178,711
$
33,667
$
762,762
Special Mention
3,922
164
52
18,373
1,120
2,871
1,065
27,567
Substandard
390
1,402
100
3,658
863
5,762
-
12,175
Total
$
43,321
$
98,953
$
113,188
$
220,223
$
104,743
$
187,344
$
34,732
$
802,504
Real Estate - Residential:
Pass
$
85,110
$
141,045
$
299,506
$
340,188
$
63,490
$
95,076
$
10,416
$
1,034,831
Special Mention
-
-
290
-
1,060
315
453
2,118
Substandard
-
2,543
454
1,690
1,421
4,695
168
10,971
Total
$
85,110
$
143,588
$
300,250
$
341,878
$
65,971
$
100,086
$
11,037
$
1,047,920
Current-Period Gross
Writeoffs
$
-
$
-
$
47
$
-
$
-
$
10
$
-
$
57
Real Estate - Home Equity:
Performing
$
1,292
$
11
$
412
$
19
$
114
$
607
$
223,155
$
225,610
Nonperforming
-
-
-
-
-
-
2,591
2,591
Total
$
1,292
$
11
$
412
$
19
$
114
$
607
$
225,746
$
228,201
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
24
$
24
Consumer:
Performing
$
42,832
$
28,000
$
35,926
$
42,138
$
30,933
$
9,127
$
9,196
$
198,152
Nonperforming
152
-
37
214
114
73
-
590
Total
$
42,984
$
28,000
$
35,963
$
42,352
$
31,047
$
9,200
$
9,196
$
198,742
Current-Period Gross
Writeoffs
$
1,029
$
91
$
636
$
707
$
204
$
45
$
74
$
2,786
(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
|