LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
September 30, 2021
December 31, 2020
Commercial, Financial and Agricultural
$
218,929
$
393,930
Real Estate – Construction
177,443
135,831
Real Estate – Commercial Mortgage
683,379
648,393
Real Estate – Residential
(1)
362,750
352,543
Real Estate – Home Equity
187,642
205,479
Consumer
(2)
311,282
270,250
Loans HFI, Net of Unearned Income
$
1,941,425
$
2,006,426
(1)
Includes loans in process with outstanding balances
7.1
10.9
2020,
(2)
Includes overdraft balances of $
1.3
0.7
|
| 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
September 30, 2021
Beginning Balance
$
1,972
$
2,759
$
7,569
$
4,353
$
2,457
$
3,065
$
22,175
Provision for Credit Losses
178
517
(1,588)
(433)
(131)
911
(546)
Charge-Offs
(37)
-
(405)
(17)
(15)
(1,314)
(1,788)
Recoveries
66
10
169
401
46
967
1,659
Net (Charge-Offs) Recoveries
29
10
(236)
384
31
(347)
(129)
Ending Balance
$
2,179
$
3,286
$
5,745
$
4,304
$
2,357
$
3,629
$
21,500
Nine Months Ended
September 30, 2021
Beginning Balance
$
2,204
$
2,479
$
7,029
$
5,440
$
3,111
$
3,553
$
23,816
Provision for Credit Losses
(192)
797
(1,719)
(1,768)
(900)
740
(3,042)
Charge-Offs
(138)
-
(405)
(88)
(94)
(3,040)
(3,765)
Recoveries
305
10
840
720
240
2,376
4,491
Net (Charge-Offs) Recoveries
167
10
435
632
146
(664)
726
Ending Balance
$
2,179
$
3,286
$
5,745
$
4,304
$
2,357
$
3,629
$
21,500
Three Months Ended
September 30, 2020
Beginning Balance
$
2,468
$
1,955
$
6,640
$
5,440
$
2,753
$
3,201
$
22,457
Provision for Credit Losses
(195)
161
616
(344)
196
831
1,265
Charge-Offs
(137)
-
(17)
(1)
(58)
(1,069)
(1,282)
Recoveries
74
-
30
35
41
517
697
Net Charge-Offs
(63)
-
13
34
(17)
(552)
(585)
Ending Balance
$
2,210
$
2,116
$
7,269
$
5,130
$
2,932
$
3,480
$
23,137
Nine Months Ended
September 30, 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
544
1,444
2,132
745
337
2,668
7,870
Charge-Offs
(685)
-
(28)
(112)
(141)
(3,810)
(4,776)
Recoveries
188
-
291
126
138
2,126
2,869
Net Charge-Offs
(497)
-
263
14
(3)
(1,684)
(1,907)
Ending Balance
$
2,210
$
2,116
$
7,269
$
5,130
$
2,932
$
3,480
$
23,137
|
| 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
September 30, 2021
Commercial, Financial and Agricultural
$
499
$
36
$
-
$
535
$
218,353
$
41
$
218,929
Real Estate – Construction
-
-
-
-
177,443
-
177,443
Real Estate – Commercial Mortgage
364
-
-
364
683,015
-
683,379
Real Estate – Residential
735
177
-
912
359,861
1,977
362,750
Real Estate – Home Equity
76
19
-
95
186,581
966
187,642
Consumer
1,196
258
-
1,454
309,786
42
311,282
Total
$
2,870
$
490
$
-
$
3,360
$
1,935,039
$
3,026
$
1,941,425
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 |
September 30, 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
$
41
$
-
$
-
$
161
$
-
$
-
Real Estate – Construction
-
-
-
179
-
-
Real Estate – Commercial Mortgage
-
-
-
337
1,075
-
Real Estate – Residential
1,061
916
-
1,617
1,513
-
Real Estate – Home Equity
503
463
-
695
-
-
Consumer
42
-
-
294
-
-
Total Nonaccrual
$
1,647
$
1,379
$
-
$
3,283
$
2,588
$
-
|
| Amortized cost basis of collateral-dependent loans |
September 30, 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
-
-
3,900
-
Real Estate – Residential
1,891
-
3,022
-
Real Estate – Home Equity
665
-
219
-
Consumer
-
-
-
29
Total Collateral Dependent
$
2,556
$
-
$
7,141
$
29
|
| Summary of gross loans held for investment by years of origination |
Term
Revolving
(Dollars in Thousands)
2021
2020
2019
2018
2017
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
51,866
$
38,453
$
34,226
$
22,539
$
10,376
$
14,072
$
46,969
$
218,501
Special Mention
-
-
70
12
-
49
-
131
Substandard
-
10
-
204
6
77
-
297
Total
$
51,866
$
38,463
$
34,296
$
22,755
$
10,382
$
14,198
$
46,969
$
218,929
Real Estate -
Construction:
Pass
$
75,222
$
72,664
$
23,588
$
429
$
132
$
-
$
5,408
$
177,443
Total
$
75,222
$
72,664
$
23,588
$
429
$
132
$
-
$
5,408
$
177,443
Real Estate -
Commercial Mortgage:
Pass
$
139,623
$
142,833
$
87,251
$
103,059
$
67,392
$
97,842
$
19,690
$
657,690
Special Mention
-
454
1,552
9,727
431
5,423
-
17,587
Substandard
1,520
585
3,517
-
1,266
990
224
8,102
Total
$
141,143
$
143,872
$
92,320
$
112,786
$
69,089
$
104,255
$
19,914
$
683,379
Real Estate - Residential:
Pass
$
105,611
$
72,091
$
44,393
$
29,792
$
28,447
$
66,748
$
8,538
$
355,620
Special Mention
-
136
20
122
169
419
-
866
Substandard
1,290
441
1,051
812
221
2,373
76
6,264
Total
$
106,901
$
72,668
$
45,464
$
30,726
$
28,837
$
69,540
$
8,614
$
362,750
Real Estate - Home
Equity:
Performing
$
99
$
56
$
452
$
176
$
749
$
1,756
$
183,388
$
186,676
Nonperforming
-
-
-
-
-
33
933
966
Total
$
99
$
56
$
452
$
176
$
749
$
1,789
$
184,321
$
187,642
Consumer:
Performing
$
136,780
$
73,778
$
45,252
$
31,530
$
13,377
$
4,666
$
5,857
$
311,240
Nonperforming
-
-
17
24
-
1
-
42
Total
$
136,780
$
73,778
$
45,269
$
31,554
$
13,377
$
4,667
$
5,857
$
311,282
|