Quarterly report pursuant to Section 13 or 15(d)

LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.21.1
LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables)
3 Months Ended
Mar. 31, 2021
Loans Held For Investment And Allowance For Credit Losses [Abstract]  
Schedule of composition of the loan portfolio
(Dollars in Thousands)
March 31, 2021
 
December 31, 2020
Commercial, Financial and Agricultural
$
413,819
 
$
393,930
Real Estate – Construction
 
138,104
 
 
135,831
Real Estate – Commercial Mortgage
 
669,158
 
 
648,393
Real Estate – Residential
(1)
 
365,931
 
 
352,543
Real Estate – Home Equity
 
202,099
 
 
205,479
Consumer
(2)
 
268,616
 
 
270,250
Loans HFI, Net of Unearned Income
$
2,057,727
 
$
2,006,426
(1)
 
Includes loans in process with outstanding
 
balances of $
8.3
 
million and $
10.9
 
million at March 31, 2021 and December
 
31, 2020,
respectively.
(2)
 
Includes overdraft balances of $
0.9
 
million and $
0.7
 
million at March 31, 2021 and December 31,
 
2020, 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, 2021
Beginning Balance
$
2,204
$
2,479
$
7,029
$
5,440
$
3,111
$
3,553
$
23,816
Provision for Credit Losses
(314)
(225)
(718)
(305)
(655)
(95)
(2,312)
Charge-Offs
(69)
-
-
(6)
(5)
(1,056)
(1,136)
Recoveries
 
136
-
645
75
124
678
1,658
Net Recoveries
67
-
645
69
119
(378)
522
Ending Balance
$
1,957
$
2,254
$
6,956
$
5,204
$
2,575
$
3,080
$
22,026
Three Months Ended
March 31, 2020
Beginning Balance
$
1,675
$
370
$
3,416
$
3,128
$
2,224
$
3,092
$
13,905
Impact of Adopting ASC 326
488
302
1,458
1,243
374
(596)
3,269
Provision for Credit Losses
406
567
774
1,704
101
1,438
4,990
Charge-Offs
(362)
-
(11)
(110)
(31)
(1,566)
(2,080)
Recoveries
 
40
-
191
40
33
695
999
Net Charge-Offs
(322)
-
180
(70)
2
(871)
(1,081)
Ending Balance
$
2,247
$
1,239
$
5,828
$
6,005
$
2,701
$
3,063
$
21,083
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, 2021
Commercial, Financial and Agricultural
$
55
$
58
$
-
$
113
$
413,556
$
150
$
413,819
Real Estate – Construction
 
565
-
-
565
137,360
179
138,104
Real Estate – Commercial Mortgage
 
183
-
-
183
667,719
1,256
669,158
Real Estate – Residential
 
289
226
-
515
362,266
3,150
365,931
Real Estate – Home Equity
 
355
-
-
355
201,282
462
202,099
Consumer
 
712
179
-
891
267,560
165
268,616
Total
$
2,159
$
463
$
-
$
2,622
$
2,049,743
$
5,362
$
2,057,727
December 31, 2020
Commercial, Financial and Agricultural
$
194
$
124
$
-
$
318
$
393,451
$
161
$
393,930
Real Estate – Construction
 
-
717
-
717
134,935
179
135,831
Real Estate – Commercial Mortgage
 
293
-
-
293
646,688
1,412
648,393
Real Estate – Residential
 
375
530
-
905
348,508
3,130
352,543
Real Estate – Home Equity
 
325
138
-
463
204,321
695
205,479
Consumer
 
1,556
342
-
1,898
268,058
294
270,250
Total
 
$
2,743
$
1,851
$
-
$
4,594
$
1,995,961
$
5,871
$
2,006,426
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
March 31,
 
2021
December 31, 2020
Nonaccrual
Nonaccrual
Nonaccrual
Nonaccrual
With
With No
90 + Days
With
With No
90 + Days
(Dollars in Thousands)
ACL
 
ACL
 
Still Accruing
 
ACL
 
ACL
Still Accruing
Commercial, Financial and Agricultural
$
150
$
-
$
-
$
161
$
-
$
-
Real Estate – Construction
 
179
 
-
-
179
-
-
Real Estate – Commercial Mortgage
 
199
 
1,057
-
337
1,075
-
Real Estate – Residential
 
1,641
 
1,509
-
1,617
1,513
-
Real Estate – Home Equity
 
462
 
-
-
695
-
-
Consumer
 
165
 
-
-
294
-
-
Total Nonaccrual
 
Loans
$
2,796
$
2,566
$
-
$
3,283
$
2,588
$
-
Amortized cost basis of collateral-dependent loans
March 31, 2021
December 31, 2020
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
-
Real Estate – Commercial Mortgage
1,113
-
3,900
-
Real Estate – Residential
2,537
-
3,022
-
Real Estate – Home Equity
 
299
 
-
 
219
 
-
Consumer
 
-
 
29
 
-
 
29
Total Collateral Dependent
 
Loans
$
3,949
$
29
$
7,141
$
29
Summary of gross loans held for investment by years of origination
Term
 
Loans by Origination Year
Revolving
(Dollars in Thousands)
2021
2020
2019
2018
2017
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
77,066
$
188,688
$
41,681
$
32,674
$
12,792
$
21,622
$
38,528
$
413,051
Special Mention
-
-
189
39
4
55
-
287
Substandard
 
-
 
12
 
-
 
285
 
38
 
88
 
58
 
481
Total
$
77,066
$
188,700
$
41,870
$
32,998
$
12,834
$
21,765
$
38,586
$
413,819
Real Estate -
Construction:
Pass
$
13,786
$
80,577
$
29,221
$
6,301
$
1,570
$
-
$
3,451
$
134,906
Special Mention
643
-
2,376
-
-
-
-
3,019
Substandard
 
-
 
-
 
179
 
-
 
-
 
-
 
-
 
179
Total
$
14,429
$
80,577
$
31,776
$
6,301
$
1,570
$
-
$
3,451
$
138,104
Real Estate -
Commercial Mortgage:
Pass
$
35,435
$
158,436
$
100,143
$
115,971
$
69,848
$
111,707
$
24,321
$
615,861
Special Mention
-
4,161
6,040
14,296
4,618
13,143
397
42,655
Substandard
 
1,604
 
589
 
3,597
 
87
 
1,829
 
2,936
 
-
 
10,642
Total
$
37,039
$
163,186
$
109,780
$
130,354
$
76,295
$
127,786
$
24,718
$
669,158
Real Estate - Residential:
Pass
$
42,559
$
92,152
$
58,624
$
39,575
$
37,006
$
78,360
$
6,290
$
354,566
Special Mention
-
139
23
124
173
535
-
994
Substandard
 
133
 
1,402
 
2,653
 
1,603
 
1,341
 
3,239
 
-
 
10,371
Total
 
$
42,692
$
93,693
$
61,300
$
41,302
$
38,520
$
82,134
$
6,290
$
365,931
Real Estate - Home
Equity:
Performing
$
39
$
62
$
358
$
238
$
767
$
2,247
$
197,926
$
201,637
Nonperforming
 
-
 
-
 
-
 
-
 
-
 
-
 
462
 
462
Total
 
$
39
$
62
$
358
$
238
$
767
$
2,247
$
198,388
$
202,099
Consumer:
Performing
$
30,721
$
97,423
$
61,532
$
44,126
$
20,292
$
9,502
$
4,855
$
268,451
Nonperforming
-
55
61
5
12
32
-
165
Total
$
30,721
$
97,478
$
61,593
$
44,131
$
20,304
$
9,534
$
4,855
$
268,616