LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
September 30, 2022
December 31, 2021
Commercial, Financial and Agricultural
$
246,304
$
223,086
Real Estate – Construction
237,718
174,394
Real Estate – Commercial Mortgage
715,870
663,550
Real Estate – Residential
(1)
594,785
360,021
Real Estate – Home Equity
202,512
187,821
Consumer
(2)
348,996
322,593
Loans Held For Investment, Net of Unearned Income
$
2,346,185
$
1,931,465
(1)
Includes loans in process balances of $
21.7
13.6
respectively.
(2)
Includes overdraft balances of $
1.0
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
September 30, 2022
Beginning Balance
$
1,641
$
3,138
$
5,052
$
5,645
$
1,760
$
4,045
$
21,281
Provision for Credit Losses
(136)
(22)
(120)
1,333
127
749
1,931
Charge-Offs
(2)
-
(1)
-
-
(1,759)
(1,762)
Recoveries
58
2
8
44
22
926
1,060
Net (Charge-Offs) Recoveries
56
2
7
44
22
(833)
(702)
Ending Balance
$
1,561
$
3,118
$
4,939
$
7,022
$
1,909
$
3,961
$
22,510
Nine Months Ended
September 30, 2022
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
Provision for Credit Losses
267
(194)
(697)
2,707
(501)
1,940
3,522
Charge-Offs
(1,179)
-
(267)
-
(33)
(4,354)
(5,833)
Recoveries
282
10
93
186
147
2,497
3,215
Net (Charge-Offs) Recoveries
(897)
10
(174)
186
114
(1,857)
(2,618)
Ending Balance
$
1,561
$
3,118
$
4,939
$
7,022
$
1,909
$
3,961
$
22,510
Three Months Ended
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
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
167
10
435
632
146
(664)
726
Ending Balance
$
2,179
$
3,286
$
5,745
$
4,304
$
2,357
$
3,629
$
21,500
|
| 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, 2022
Commercial, Financial and Agricultural
$
274
$
68
$
-
$
342
$
245,883
$
79
$
246,304
Real Estate – Construction
-
-
-
-
237,718
-
237,718
Real Estate – Commercial Mortgage
1,098
-
-
1,098
714,292
480
715,870
Real Estate – Residential
(1)
114
1,237
-
1,351
592,629
805
594,785
Real Estate – Home Equity
564
18
-
582
201,134
796
202,512
Consumer
2,151
739
-
2,890
345,857
249
348,996
Total
$
4,201
$
2,062
$
-
$
6,263
$
2,337,513
$
2,409
$
2,346,185
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
(1)
Includes $0.1 million of Loans Held for Sale in nonaccrual status as of September 30, 2022.
|
| Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
September 30, 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
$
-
$
79
$
-
$
67
$
23
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
-
480
-
-
604
-
Real Estate – Residential
597
208
-
928
1,169
-
Real Estate – Home Equity
-
796
-
463
856
-
Consumer
-
249
-
-
212
-
Total Nonaccrual
$
597
$
1,812
$
-
$
1,458
$
2,864
$
-
|
| Amortized cost basis of collateral-dependent loans |
September 30, 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
570
-
1,645
-
Real Estate – Home Equity
596
-
649
-
Consumer
-
-
-
-
Total Collateral Dependent
$
1,166
$
-
$
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
$
71,112
$
49,357
$
22,681
$
17,018
$
13,343
$
12,893
$
57,623
$
244,027
Special Mention
-
-
-
8
-
23
1,979
2,010
Substandard
-
-
7
-
95
150
15
267
Total
$
71,112
$
49,357
$
22,688
$
17,026
$
13,438
$
13,066
$
59,617
$
246,304
Real Estate -
Construction:
Pass
$
101,666
$
92,202
$
37,665
$
809
$
-
$
125
$
3,023
$
235,490
Special Mention
44
323
384
786
-
-
-
1,537
Substandard
-
-
691
-
-
-
-
691
Total
$
101,710
$
92,525
$
38,740
$
1,595
$
-
$
125
$
3,023
$
237,718
Real Estate -
Commercial Mortgage:
Pass
$
172,531
$
148,101
$
122,782
$
57,497
$
61,869
$
105,875
$
19,567
$
688,222
Special Mention
219
5,014
233
1,725
733
6,779
1,578
16,281
Substandard
7,415
1,789
391
622
-
1,021
129
11,367
Total
$
180,165
$
154,904
$
123,406
$
59,844
$
62,602
$
113,675
$
21,274
$
715,870
Real Estate - Residential:
Pass
$
310,007
$
100,110
$
47,970
$
30,070
$
20,570
$
67,954
$
8,748
$
585,429
Special Mention
279
-
128
16
58
545
-
1,026
Substandard
679
1,336
820
1,441
720
3,334
-
8,330
Total
$
310,965
$
101,446
$
48,918
$
31,527
$
21,348
$
71,833
$
8,748
$
594,785
Real Estate - Home
Equity:
Performing
$
32
$
141
$
12
$
403
$
149
$
1,368
$
199,612
$
201,717
Nonperforming
-
-
-
15
-
-
780
795
Total
$
32
$
141
$
12
$
418
$
149
$
1,368
$
200,392
$
202,512
Consumer:
Performing
$
131,573
$
124,096
$
42,504
$
24,655
$
14,966
$
5,455
$
5,498
$
348,747
Nonperforming
-
109
76
14
39
11
-
249
Total
$
131,573
$
124,205
$
42,580
$
24,669
$
15,005
$
5,466
$
5,498
$
348,996
|