LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2022 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
March 31, 2022
December 31, 2021
Commercial, Financial and Agricultural
$
230,213
$
223,086
Real Estate – Construction
174,293
174,394
Real Estate – Commercial Mortgage
669,110
663,550
Real Estate – Residential
(1)
374,712
360,021
Real Estate – Home Equity
188,174
187,821
Consumer
(2)
349,007
322,593
Loans Held For Investment, Net of Unearned Income
$
1,985,509
$
1,931,465
(1)
Includes loans in process balances of $
6.7
13.6
(2)
Includes overdraft balances of $
1.2
1.1
|
| 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, 2022
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
Provision for Credit Losses
(161)
(714)
(181)
314
(405)
1,068
(79)
Charge-Offs
(73)
-
(266)
-
(33)
(1,402)
(1,774)
Recoveries
165
8
29
27
58
716
1,003
Net (Charge-Offs) Recoveries
92
8
(237)
27
25
(686)
(771)
Ending Balance
$
2,122
$
2,596
$
5,392
$
4,470
$
1,916
$
4,260
$
20,756
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 (Charge-Offs) Recoveries
67
-
645
69
119
(378)
522
Ending Balance
$
1,957
$
2,254
$
6,956
$
5,204
$
2,575
$
3,080
$
22,026
|
| 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, 2022
Commercial, Financial and Agricultural
$
205
$
79
$
-
$
284
$
229,898
$
31
$
230,213
Real Estate – Construction
-
-
-
-
174,293
-
174,293
Real Estate – Commercial Mortgage
502
-
-
502
668,186
422
669,110
Real Estate – Residential
474
29
-
503
373,005
1,204
374,712
Real Estate – Home Equity
47
-
-
47
187,283
844
188,174
Consumer
1,152
632
-
1,784
346,996
227
349,007
Total
$
2,380
$
740
$
-
$
3,120
$
1,979,661
$
2,728
$
1,985,509
December 31, 2021
Commercial, Financial and Agricultural
$
100
$
23
$
-
$
123
$
222,873
$
90
$
223,086
Real Estate – Construction
-
-
-
-
174,394
-
174,394
Real Estate – Commercial Mortgage
151
-
-
151
662,795
604
663,550
Real Estate – Residential
365
151
-
516
357,408
2,097
360,021
Real Estate – Home Equity
210
-
-
210
186,292
1,319
187,821
Consumer
1,964
636
-
2,600
319,781
212
322,593
Total
$
2,790
$
810
$
-
$
3,600
$
1,923,543
$
4,322
$
1,931,465
|
| Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
March 31, 2022
December 31, 2021
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
$
-
$
31
$
-
$
67
$
23
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
-
422
-
-
604
-
Real Estate – Residential
728
476
-
928
1,169
-
Real Estate – Home Equity
-
844
-
463
856
-
Consumer
-
227
-
-
212
-
Total Nonaccrual
$
728
$
2,000
$
-
$
1,458
$
2,864
$
-
|
| Amortized cost basis of collateral-dependent loans |
March 31, 2022
December 31, 2021
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
67
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
-
-
455
-
Real Estate – Residential
855
-
1,645
-
Real Estate – Home Equity
601
-
649
-
Consumer
-
-
-
-
Total Collateral Dependent
$
1,456
$
-
$
2,749
$
67
|
| Summary of gross loans held for investment by years of origination |
Term
Revolving
(Dollars in Thousands)
2022
2021
2020
2019
2018
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
22,526
$
60,369
$
27,910
$
26,368
$
18,565
$
18,863
$
54,707
$
229,308
Special Mention
-
100
187
268
16
24
-
595
Substandard
-
-
58
-
184
68
-
310
Total
$
22,526
$
60,469
$
28,155
$
26,636
$
18,765
$
18,955
$
54,707
$
230,213
Real Estate -
Construction:
Pass
$
11,641
$
109,459
$
42,522
$
8,684
$
-
$
129
$
1,858
$
174,293
Total
$
11,641
$
109,459
$
42,522
$
8,684
$
-
$
129
$
1,858
$
174,293
Real Estate -
Commercial Mortgage:
Pass
$
50,302
$
165,574
$
123,213
$
73,444
$
73,824
$
131,407
$
26,092
$
643,856
Special Mention
-
-
410
1,750
2,615
5,761
1,250
11,786
Substandard
-
10,055
405
640
-
2,298
70
13,468
Total
$
50,302
$
175,629
$
124,028
$
75,834
$
76,439
$
139,466
$
27,412
$
669,110
Real Estate - Residential:
Pass
$
46,698
$
117,058
$
55,670
$
34,111
$
23,957
$
81,162
$
6,255
$
364,911
Special Mention
61
-
132
18
60
570
1,348
2,189
Substandard
74
576
1,007
1,085
971
3,899
-
7,612
Total
$
46,833
$
117,634
$
56,809
$
35,214
$
24,988
$
85,631
$
7,603
$
374,712
Real Estate - Home
Equity:
Performing
$
-
$
146
$
13
$
255
$
130
$
2,191
$
184,595
$
187,330
Nonperforming
-
-
-
17
-
-
827
844
Total
$
-
$
146
$
13
$
272
$
130
$
2,191
$
185,422
$
188,174
Consumer:
Performing
$
61,883
$
159,135
$
56,232
$
33,402
$
22,026
$
10,370
$
5,731
$
348,779
Nonperforming
-
58
59
22
58
31
-
228
Total
$
61,883
$
159,193
$
56,291
$
33,424
$
22,084
$
10,401
$
5,731
$
349,007
|