LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2023 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Composition of the loan portfolio |
(As Restated)
(As Restated)
(Dollars in Thousands)
June 30, 2023
December 31, 2022
Commercial, Financial and Agricultural
$
227,219
$
247,362
Real Estate – Construction
226,404
234,519
Real Estate – Commercial Mortgage
831,285
782,557
Real Estate – Residential
(1)
898,809
749,513
Real Estate – Home Equity
203,142
208,217
Consumer
(2)
296,653
325,517
Loans Held For Investment, Net of Unearned Income
$
2,683,512
$
2,547,685
(1)
Includes loans in process balance of $
6.1
(2)
Includes overdraft balances of $
1.0
1.1
|
| Activity in 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
June 30, 2023, as restated
Beginning Balance
$
1,515
$
3,359
$
4,710
$
11,950
$
1,879
$
3,395
$
26,808
Provision for Credit Losses
(86)
(512)
732
1,306
(188)
670
1,922
Charge-Offs
(54)
-
-
-
(39)
(1,887)
(1,980)
Recoveries
71
1
11
132
131
1,147
1,493
Net (Charge-Offs) Recoveries
17
1
11
132
92
(740)
(487)
Ending Balance
$
1,446
$
2,848
$
5,453
$
13,388
$
1,783
$
3,325
$
28,243
Six Months Ended
June 30, 2023, as restated
Beginning Balance
$
1,506
$
2,654
$
4,815
$
10,741
$
1,864
$
3,488
$
25,068
Provision for Credit Losses
(8)
192
739
2,458
(198)
1,999
5,182
Charge-Offs
(218)
-
(120)
-
(39)
(4,253)
(4,630)
Recoveries
166
2
19
189
156
2,091
2,623
Net (Charge-Offs) Recoveries
(52)
2
(101)
189
117
(2,162)
(2,007)
Ending Balance
$
1,446
$
2,848
$
5,453
$
13,388
$
1,783
$
3,325
$
28,243
Three Months Ended
June 30, 2022, as restated
Beginning Balance
$
2,122
$
2,596
$
5,392
$
4,502
$
1,916
$
4,260
$
20,788
Provision for Credit Losses
564
542
(396)
1,210
(223)
123
1,820
Charge-Offs
(1,104)
-
-
-
-
(1,193)
(2,297)
Recoveries
59
-
56
115
67
855
1,152
Net Charge-Offs
(1,045)
-
56
115
67
(338)
(1,145)
Ending Balance
$
1,641
$
3,138
$
5,052
$
5,827
$
1,760
$
4,045
$
21,463
Six Months Ended
June 30, 2022, as restated
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
Provision for Credit Losses
403
(172)
(577)
1,556
(628)
1,191
1,773
Charge-Offs
(1,177)
-
(266)
-
(33)
(2,595)
(4,071)
Recoveries
224
8
85
142
125
1,571
2,155
Net Charge-Offs
(953)
8
(181)
142
92
(1,024)
(1,916)
Ending Balance
$
1,641
$
3,138
$
5,052
$
5,827
$
1,760
$
4,045
$
21,463
|
| 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, 2023, as restated
Commercial, Financial and Agricultural
$
196
$
81
$
-
$
277
$
226,933
$
9
$
227,219
Real Estate – Construction
-
218
-
218
225,771
415
226,404
Real Estate – Commercial Mortgage
79
45
-
124
828,740
2,421
831,285
Real Estate – Residential
241
128
-
369
896,739
1,701
898,809
Real Estate – Home Equity
68
-
-
68
202,318
756
203,142
Consumer
2,409
742
-
3,151
292,181
1,321
296,653
Total
$
2,993
$
1,214
$
-
$
4,207
$
2,672,682
$
6,623
$
2,683,512
December 31, 2022, as restated
Commercial, Financial and Agricultural
$
109
$
126
$
-
$
235
$
247,086
$
41
$
247,362
Real Estate – Construction
359
-
-
359
234,143
17
234,519
Real Estate – Commercial Mortgage
158
149
-
307
781,605
645
782,557
Real Estate – Residential
845
530
-
1,375
747,899
239
749,513
Real Estate – Home Equity
-
35
-
35
207,411
771
208,217
Consumer
3,666
1,852
-
5,518
319,415
584
325,517
Total
$
5,137
$
2,692
$
-
$
7,829
$
2,537,559
$
2,297
$
2,547,685
|
| Recorded investment in nonaccrual and past due loans |
June 30, 2023
December 31, 2022
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
$
-
$
9
$
-
$
-
$
41
$
-
Real Estate – Construction
415
-
-
-
17
-
Real Estate – Commercial Mortgage
2,212
209
-
389
256
-
Real Estate – Residential
1,172
529
-
-
239
-
Real Estate – Home Equity
227
529
-
-
771
-
Consumer
-
1,321
-
-
584
-
Total Nonaccrual
$
4,026
$
2,597
$
-
$
389
$
1,908
$
-
|
| Collateral-dependent loans |
June 30, 2023
December 31, 2022
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
-
Real Estate – Construction
415
-
-
-
Real Estate – Commercial Mortgage
2,212
-
389
-
Real Estate – Residential
1,098
-
160
-
Real Estate – Home Equity
227
-
130
-
Consumer
-
-
21
-
Total Collateral Dependent
$
3,952
$
-
$
700
$
-
|
| Loans held for investment by years of origination |
Term
(As Restated)
Revolving
(As Restated)
(Dollars in Thousands)
2023
2022
2021
2020
2019
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
25,879
$
77,944
$
36,236
$
14,631
$
10,016
$
10,518
$
46,644
$
221,868
Special Mention
1,490
516
986
126
69
149
1,909
5,245
Substandard
6
46
21
17
-
16
-
106
Total
$
27,375
$
78,506
$
37,243
$
14,774
$
10,085
$
10,683
$
48,553
$
227,219
Current-Period Gross
Writeoffs
$
-
$
129
$
40
$
14
$
12
$
10
$
13
$
218
Real Estate -
Construction:
Pass
$
59,976
$
121,631
$
32,667
$
1,807
$
189
$
123
$
7,855
$
224,248
Special Mention
478
-
375
-
-
-
-
853
Substandard
-
-
218
1,085
-
-
-
1,303
Total
$
60,454
$
121,631
$
33,260
$
2,892
$
189
$
123
$
7,855
$
226,404
Real Estate -
Commercial Mortgage:
Pass
$
62,928
$
261,333
$
165,145
$
128,342
$
47,330
$
130,477
$
19,554
$
815,109
Special Mention
4,343
793
948
239
1,483
2,461
439
10,706
Substandard
-
806
831
1,920
628
632
653
5,470
Total
$
67,271
$
262,932
$
166,924
$
130,501
$
49,441
$
133,570
$
20,646
$
831,285
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
120
$
-
$
120
Real Estate - Residential:
Pass
$
173,708
$
473,235
$
89,049
$
41,916
$
26,818
$
75,872
$
8,323
$
888,921
Special Mention
269
92
228
517
-
560
-
1,666
Substandard
70
1,320
1,253
1,571
935
3,073
-
8,222
Total
$
174,047
$
474,647
$
90,530
$
44,004
$
27,753
$
79,505
$
8,323
$
898,809
Real Estate - Home
Equity:
Performing
$
-
$
149
$
129
$
11
$
392
$
1,122
$
200,582
$
202,385
Nonperforming
-
-
-
-
-
-
757
757
Total
$
-
$
149
$
129
$
11
$
392
$
1,122
$
201,339
$
203,142
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
39
$
39
Consumer:
Performing
$
39,592
$
109,461
$
88,648
$
28,133
$
14,878
$
8,976
$
5,645
$
295,333
Nonperforming
-
633
418
179
81
7
2
1,320
Total
$
39,592
$
110,094
$
89,066
$
28,312
$
14,959
$
8,983
$
5,647
$
296,653
Current-Period Gross
Writeoffs
$
1,571
$
1,486
$
763
$
138
$
143
$
63
$
89
$
4,253
|