LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2025 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the Loan Portfolio |
(Dollars in Thousands)
September 30, 2025
December 31, 2024
Commercial, Financial and Agricultural
$
179,018
$
189,208
Real Estate – Construction
156,756
219,994
Real Estate – Commercial Mortgage
785,290
779,095
Real Estate – Residential
(1)
1,039,607
1,042,504
Real Estate – Home Equity
234,111
220,064
Consumer
(2)
187,225
200,685
Loans Held For Investment, Net of Unearned Income
$
2,582,007
$
2,651,550
(1)
Includes loans in process balances of $
2.6
13.6
(2)
Includes overdraft balances of $
1.4
1.2
|
| Activity in Allowance for Credit Losses |
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, 2025
Beginning Balance
$
1,425
$
1,811
$
6,256
$
15,264
$
2,014
$
3,092
$
29,862
Provision for Credit Losses
370
(352)
268
164
200
900
1,550
Charge-Offs
(373)
-
-
(12)
(10)
(1,573)
(1,968)
Recoveries
95
-
8
13
10
632
758
Net (Charge-Offs) Recoveries
(278)
-
8
1
-
(941)
(1,210)
Ending Balance
$
1,517
$
1,459
$
6,532
$
15,429
$
2,214
$
3,051
$
30,202
Nine Months Ended
September 30, 2025
Beginning Balance
$
1,514
$
2,384
$
5,867
$
14,568
$
1,952
$
2,966
$
29,251
Provision for Credit Losses
331
(925)
648
733
235
2,329
3,351
Charge-Offs
(615)
-
-
(69)
(34)
(4,359)
(5,077)
Recoveries
287
-
17
197
61
2,115
2,677
Net (Charge-Offs) Recoveries
(328)
-
17
128
27
(2,244)
(2,400)
Ending Balance
$
1,517
$
1,459
$
6,532
$
15,429
$
2,214
$
3,051
$
30,202
Three Months Ended
September 30, 2024
Beginning Balance
$
1,575
$
1,751
$
6,076
$
14,788
$
1,865
$
3,164
$
29,219
Provision for Credit Losses
134
442
547
(240)
(49)
1,045
1,879
Charge-Offs
(331)
-
(3)
-
(23)
(1,926)
(2,283)
Recoveries
176
-
5
88
59
693
1,021
Net (Charge-Offs) Recoveries
(155)
-
2
88
36
(1,233)
(1,262)
Ending Balance
$
1,554
$
2,193
$
6,625
$
14,636
$
1,852
$
2,976
$
29,836
Nine Months Ended
September 30, 2024
Beginning Balance
$
1,482
$
2,502
$
5,782
$
15,056
$
1,818
$
3,301
$
29,941
Provision for Credit Losses
809
(309)
618
(551)
13
3,310
3,890
Charge-Offs
(1,013)
-
(3)
(17)
(99)
(5,746)
(6,878)
Recoveries
276
-
228
148
120
2,111
2,883
Net (Charge-Offs) Recoveries
(737)
-
225
131
21
(3,635)
(3,995)
Ending Balance
$
1,554
$
2,193
$
6,625
$
14,636
$
1,852
$
2,976
$
29,836
|
| 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, 2025
Commercial, Financial and Agricultural
$
274
$
24
$
-
$
298
$
177,354
$
1,366
$
179,018
Real Estate – Construction
-
-
-
-
156,756
-
156,756
Real Estate – Commercial Mortgage
832
400
-
1,232
782,051
2,007
785,290
Real Estate – Residential
406
1,154
-
1,560
1,035,791
2,256
1,039,607
Real Estate – Home Equity
406
18
-
424
231,849
1,838
234,111
Consumer
1,669
285
-
1,954
184,543
728
187,225
Total
$
3,587
$
1,881
$
-
$
5,468
$
2,568,344
$
8,195
$
2,582,007
December 31, 2024
Commercial, Financial and Agricultural
$
340
$
50
$
-
$
390
$
188,781
$
37
$
189,208
Real Estate – Construction
-
-
-
-
219,994
-
219,994
Real Estate – Commercial Mortgage
719
100
-
819
777,710
566
779,095
Real Estate – Residential
185
498
-
683
1,038,694
3,127
1,042,504
Real Estate – Home Equity
122
-
-
122
218,160
1,782
220,064
Consumer
2,154
143
-
2,297
197,598
790
200,685
Total
$
3,520
$
791
$
-
$
4,311
$
2,640,937
$
6,302
$
2,651,550
|
| Recorded Investment in Nonaccrual and Past Due Loans |
September 30, 2025
December 31, 2024
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
$
1,210
$
156
$
-
$
-
$
37
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
1,780
227
-
427
139
-
Real Estate – Residential
1,452
804
-
2,046
1,081
-
Real Estate – Home Equity
1,614
224
-
509
1,273
-
Consumer
-
728
-
-
790
-
Total Nonaccrual
$
6,056
$
2,139
$
-
$
2,982
$
3,320
$
-
|
| Collateral-Dependent Loans |
September 30, 2025
December 31, 2024
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
1,210
$
-
$
39
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
1,780
-
427
-
Real Estate – Residential
2,180
-
2,476
-
Real Estate – Home Equity
1,614
-
651
-
Consumer
-
-
-
55
Total Collateral Dependent
$
5,574
$
1,210
$
3,554
$
94
|
| Loans Held for Investment by Years of Origination |
(Dollars in Thousands)
Term
Revolving
As of September 30, 2025
2025
2024
2023
2022
2021
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
28,710
$
27,329
$
25,719
$
26,672
$
13,671
$
9,439
$
41,051
$
172,591
Special Mention
-
-
2,851
81
9
250
1,722
4,913
Substandard
-
-
130
82
19
42
1,241
1,514
Total
$
28,710
$
27,329
$
28,700
$
26,835
$
13,699
$
9,731
$
44,014
$
179,018
Current-Period Gross
Writeoffs
$
-
$
148
$
60
$
327
$
58
$
1
$
21
$
615
Real Estate - Construction:
Pass
$
50,730
$
63,161
$
10,010
$
14,284
$
53
$
190
$
15,022
$
153,450
Special Mention
-
-
-
2,588
-
-
-
2,588
Substandard
-
-
718
-
-
-
-
718
Total
$
50,730
$
63,161
$
10,728
$
16,872
$
53
$
190
$
15,022
$
156,756
Real Estate - Commercial
Mortgage:
Pass
$
74,048
$
82,444
$
108,719
$
180,457
$
95,397
$
162,220
$
25,699
$
728,984
Special Mention
3,885
-
5,550
23,406
3,948
6,663
1,143
44,595
Substandard
384
1,402
99
3,808
860
5,158
-
11,711
Total
$
78,317
$
83,846
$
114,368
$
207,671
$
100,205
$
174,041
$
26,842
$
785,290
Real Estate - Residential:
Pass
$
115,780
$
133,764
$
286,851
$
326,723
$
62,441
$
92,274
$
9,682
$
1,027,515
Special Mention
-
-
-
-
975
277
401
1,653
Substandard
-
3,866
-
1,309
1,314
3,782
168
10,439
Total
$
115,780
$
137,630
$
286,851
$
328,032
$
64,730
$
96,333
$
10,251
$
1,039,607
Current-Period Gross
Writeoffs
$
-
$
-
$
59
$
-
$
-
$
10
$
-
$
69
Real Estate - Home Equity:
Performing
$
1,600
$
9
$
439
$
19
$
109
$
638
$
229,459
$
232,273
Nonperforming
74
-
-
-
-
-
1,764
1,838
Total
$
1,674
$
9
$
439
$
19
$
109
$
638
$
231,223
$
234,111
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
10
$
24
$
34
Consumer:
Performing
$
51,487
$
24,496
$
31,429
$
36,559
$
26,315
$
6,955
$
9,256
$
186,497
Nonperforming
195
115
69
280
61
8
-
728
Total
$
51,682
$
24,611
$
31,498
$
36,839
$
26,376
$
6,963
$
9,256
$
187,225
Current-Period Gross
Writeoffs
$
1,872
$
202
$
792
$
933
$
352
$
109
$
99
$
4,359
(Dollars in Thousands)
Term
Revolving
As of December 31, 2024
2024
2023
2022
2021
2020
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
35,596
$
36,435
$
37,506
$
18,433
$
4,610
$
9,743
$
41,720
$
184,043
Special Mention
435
3,979
261
9
-
-
76
4,760
Substandard
-
-
193
12
58
71
71
405
Total
$
36,031
$
40,414
$
37,960
$
18,454
$
4,668
$
9,814
$
41,867
$
189,208
Current-Period Gross
Writeoffs
$
9
$
548
$
500
$
111
$
160
$
1
$
183
$
1,512
Real Estate - Construction:
Pass
$
105,148
$
73,615
$
29,821
$
53
$
-
$
185
$
8,288
$
217,110
Special Mention
1,555
-
1,329
-
-
-
-
2,884
Total
$
106,703
$
73,615
$
31,150
$
53
$
-
$
185
$
8,288
$
219,994
Current-Period Gross
Writeoffs
$
-
$
-
$
47
$
-
$
-
$
-
$
-
$
47
Real Estate - Commercial
Mortgage:
Pass
$
77,561
$
110,183
$
207,574
$
109,863
$
87,369
$
122,272
$
26,324
$
741,146
Special Mention
171
2,913
17,031
-
2,253
4,402
530
27,300
Substandard
-
2,463
3,403
869
2,508
1,305
101
10,649
Total
$
77,732
$
115,559
$
228,008
$
110,732
$
92,130
$
127,979
$
26,955
$
779,095
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
3
$
3
Real Estate - Residential:
Pass
$
165,050
$
316,521
$
358,851
$
71,423
$
31,169
$
76,921
$
11,872
$
1,031,807
Special Mention
-
265
-
1,104
468
534
521
2,892
Substandard
-
528
1,450
1,446
1,295
2,918
168
7,805
Total
$
165,050
$
317,314
$
360,301
$
73,973
$
32,932
$
80,373
$
12,561
$
1,042,504
Current-Period Gross
Writeoffs
$
-
$
13
$
-
$
-
$
-
$
48
$
-
$
61
Real Estate - Home Equity:
Performing
$
801
$
521
$
30
$
119
$
9
$
821
$
215,981
$
218,282
Nonperforming
-
-
-
-
-
-
1,782
1,782
Total
$
801
$
521
$
30
$
119
$
9
$
821
$
217,763
$
220,064
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
132
$
132
Consumer:
Performing
$
32,293
$
44,995
$
55,942
$
42,002
$
10,899
$
4,116
$
9,648
$
199,895
Nonperforming
10
174
321
156
58
71
-
790
Total
$
32,303
$
45,169
$
56,263
$
42,158
$
10,957
$
4,187
$
9,648
$
200,685
Current-Period Gross
Writeoffs
$
2,562
$
1,605
$
2,088
$
897
$
237
$
76
$
162
$
7,627
|