LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2023 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the loan portfolio |
(Dollars in Thousands)
September 30, 2023
December 31, 2022
Commercial, Financial and Agricultural
$
221,704
$
247,362
Real Estate – Construction
197,526
234,519
Real Estate – Commercial Mortgage
828,234
782,557
Real Estate – Residential
(1)
967,913
749,513
Real Estate – Home Equity
203,606
208,217
Consumer
(2)
286,198
325,517
Loans Held For Investment, Net of Unearned Income
$
2,705,181
$
2,547,685
(1)
Includes loans in process balance of $
2.3
6.1
(2)
Includes overdraft balances of $
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
September 30, 2023
Beginning Balance
$
1,446
$
2,848
$
5,453
$
13,388
$
1,783
$
3,325
$
28,243
Provision for Credit Losses
(59)
(536)
84
1,356
(71)
1,219
1,993
Charge-Offs
(76)
-
-
-
-
(1,999)
(2,075)
Recoveries
28
-
17
30
53
794
922
Net (Charge-Offs) Recoveries
(48)
-
17
30
53
(1,205)
(1,153)
Ending Balance
$
1,339
$
2,312
$
5,554
$
14,774
$
1,765
$
3,339
$
29,083
Nine Months Ended
September 30, 2023
Beginning Balance
$
1,506
$
2,654
$
4,815
$
10,741
$
1,864
$
3,488
$
25,068
Provision for Credit Losses
(67)
(344)
823
3,814
(269)
3,218
7,175
Charge-Offs
(294)
-
(120)
-
(39)
(6,252)
(6,705)
Recoveries
194
2
36
219
209
2,885
3,545
Net (Charge-Offs) Recoveries
(100)
2
(84)
219
170
(3,367)
(3,160)
Ending Balance
$
1,339
$
2,312
$
5,554
$
14,774
$
1,765
$
3,339
$
29,083
Three Months Ended
September 30, 2022
Beginning Balance
$
1,641
$
3,138
$
5,052
$
5,827
$
1,760
$
4,045
$
21,463
Provision for Credit Losses
(136)
(22)
(120)
1,388
127
749
1,986
Charge-Offs
(2)
-
(1)
-
-
(1,759)
(1,762)
Recoveries
58
2
8
44
22
926
1,060
Net Charge-Offs
56
2
7
44
22
(833)
(702)
Ending Balance
$
1,561
$
3,118
$
4,939
$
7,259
$
1,909
$
3,961
$
22,747
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)
2,944
(501)
1,940
3,759
Charge-Offs
(1,179)
-
(267)
-
(33)
(4,354)
(5,833)
Recoveries
282
10
93
186
147
2,497
3,215
Net Charge-Offs
(897)
10
(174)
186
114
(1,857)
(2,618)
Ending Balance
$
1,561
$
3,118
$
4,939
$
7,259
$
1,909
$
3,961
$
22,747
|
| Loan Portfolio Aging |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
September 30, 2023
Commercial, Financial and Agricultural
$
306
$
106
$
-
$
412
$
221,236
$
56
$
221,704
Real Estate – Construction
-
-
-
-
197,251
275
197,526
Real Estate – Commercial Mortgage
393
44
-
437
826,888
909
828,234
Real Estate – Residential
331
117
-
448
965,171
2,294
967,913
Real Estate – Home Equity
420
27
-
447
202,692
467
203,606
Consumer
3,040
793
-
3,833
281,672
693
286,198
Total
$
4,490
$
1,087
$
-
$
5,577
$
2,694,910
$
4,694
$
2,705,181
December 31, 2022
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 |
September 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
$
-
$
56
$
-
$
-
$
41
$
-
Real Estate – Construction
-
275
-
-
17
-
Real Estate – Commercial Mortgage
780
129
-
389
256
-
Real Estate – Residential
1,084
1,210
-
-
239
-
Real Estate – Home Equity
-
467
-
-
771
-
Consumer
-
693
-
-
584
-
Total Nonaccrual
$
1,864
$
2,830
$
-
$
389
$
1,908
$
-
|
| Collateral-dependent loans |
September 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
275
-
-
-
Real Estate – Commercial Mortgage
781
-
389
-
Real Estate – Residential
1,084
-
160
-
Real Estate – Home Equity
-
-
130
-
Consumer
-
-
21
-
Total Collateral Dependent
$
2,140
$
-
$
700
$
-
|
| Loans held for investment by years of origination |
Term
Revolving
(Dollars in Thousands)
2023
2022
2021
2020
2019
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
40,571
$
72,609
$
32,101
$
12,418
$
8,920
$
9,055
$
44,290
$
219,964
Special Mention
182
461
405
11
13
8
76
1,156
Substandard
-
106
108
82
27
150
111
584
Total
$
40,753
$
73,176
$
32,614
$
12,511
$
8,960
$
9,213
$
44,477
$
221,704
Current-Period Gross
Writeoffs
$
6
$
149
$
48
$
31
$
12
$
10
$
38
$
294
Real Estate -
Construction:
Pass
$
76,755
$
88,831
$
22,609
$
1,214
$
189
$
-
$
5,482
$
195,080
Special Mention
568
-
625
214
-
-
-
1,407
Substandard
-
-
378
661
-
-
-
1,039
Total
$
77,323
$
88,831
$
23,612
$
2,089
$
189
$
-
$
5,482
$
197,526
Real Estate -
Commercial Mortgage:
Pass
$
93,098
$
277,464
$
154,743
$
108,076
$
44,874
$
115,068
$
16,059
$
809,382
Special Mention
3,299
316
-
233
1,373
1,014
-
6,235
Substandard
-
1,250
6,781
1,651
614
1,627
694
12,617
Total
$
96,397
$
279,030
$
161,524
$
109,960
$
46,861
$
117,709
$
16,753
$
828,234
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
120
$
-
$
120
Real Estate - Residential:
Pass
$
294,155
$
434,902
$
86,357
$
39,468
$
26,126
$
71,667
$
8,031
$
960,706
Special Mention
269
90
225
510
-
542
-
1,636
Substandard
790
106
204
479
918
3,074
-
5,571
Total
$
295,214
$
435,098
$
86,786
$
40,457
$
27,044
$
75,283
$
8,031
$
967,913
Real Estate - Home
Equity:
Performing
$
71
$
145
$
130
$
11
$
388
$
997
$
201,397
$
203,139
Nonperforming
-
-
-
-
-
-
467
467
Total
$
71
$
145
$
130
$
11
$
388
$
997
$
202,257
$
203,606
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
39
$
39
Consumer:
Performing
$
57,755
$
99,327
$
79,230
$
24,375
$
12,417
$
6,387
$
6,014
$
285,505
Nonperforming
69
226
202
193
-
3
-
693
Total
$
57,824
$
99,553
$
79,432
$
24,568
$
12,417
$
6,390
$
6,014
$
286,198
Current-Period Gross
Writeoffs
$
2,322
$
2,199
$
1,075
$
228
$
200
$
94
$
134
$
6,252
|