LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the Loan Portfolio |
(Dollars in Thousands)
March 31, 2026
December 31, 2025
Commercial, Financial and Agricultural
$
170,268
$
180,341
Real Estate – Construction
156,630
146,920
Real Estate – Commercial Mortgage
755,800
768,731
Real Estate – Residential
(1)
1,011,067
1,025,690
Real Estate – Home Equity
243,932
240,897
Consumer
(2)
180,707
183,539
Loans Held For Investment, Net of Unearned Income
$
2,518,404
$
2,546,118
(1)
Includes loans in process balances of $
14.0
5.6
(2)
Includes overdraft balances of $
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
March 31, 2026
Beginning Balance
$
1,751
$
1,681
$
6,859
$
15,317
$
2,368
$
3,025
$
31,001
Provision for Credit Losses
137
(298)
(364)
670
8
482
635
Charge-Offs
(300)
-
-
-
(13)
(1,483)
(1,796)
Recoveries
74
-
84
77
10
914
1,159
Net (Charge-Offs) Recoveries
(226)
-
84
77
(3)
(569)
(637)
Ending Balance
$
1,662
$
1,383
$
6,579
$
16,064
$
2,373
$
2,938
$
30,999
Three Months Ended
March 31, 2025
Beginning Balance
$
1,514
$
2,384
$
5,867
$
14,568
$
1,952
$
2,966
$
29,251
Provision for Credit Losses
47
(151)
191
206
68
722
1,083
Charge-Offs
(168)
-
-
(8)
-
(1,435)
(1,611)
Recoveries
75
-
3
119
9
805
1,011
Net (Charge-Offs) Recoveries
(93)
-
3
111
9
(630)
(600)
Ending Balance
$
1,468
$
2,233
$
6,061
$
14,885
$
2,029
$
3,058
$
29,734
|
| Loan Portfolio Aging |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
March 31, 2026
Commercial, Financial and Agricultural
$
846
$
62
$
-
$
908
$
167,900
$
1,460
$
170,268
Real Estate – Construction
-
-
-
-
156,630
-
156,630
Real Estate – Commercial Mortgage
1,294
-
-
1,294
751,235
3,271
755,800
Real Estate – Residential
3,269
12
-
3,281
1,004,126
3,660
1,011,067
Real Estate – Home Equity
461
-
-
461
241,602
1,869
243,932
Consumer
686
13
-
699
179,125
883
180,707
Total
$
6,556
$
87
$
-
$
6,643
$
2,500,618
$
11,143
$
2,518,404
December 31, 2025
Commercial, Financial and Agricultural
$
537
$
172
$
-
$
709
$
178,354
$
1,278
$
180,341
Real Estate – Construction
295
-
-
295
146,625
-
146,920
Real Estate – Commercial Mortgage
1,386
-
-
1,386
764,785
2,560
768,731
Real Estate – Residential
807
1,930
-
2,737
1,020,810
2,143
1,025,690
Real Estate – Home Equity
67
-
-
67
239,061
1,769
240,897
Consumer
1,561
262
-
1,823
180,871
845
183,539
Total
$
4,653
$
2,364
$
-
$
7,017
$
2,530,506
$
8,595
$
2,546,118
|
| Recorded Investment in Nonaccrual and Past Due Loans |
March 31, 2026
December 31, 2025
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
$
1,026
$
434
$
-
$
1,038
$
240
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
1,674
1,597
-
753
1,807
-
Real Estate – Residential
2,605
1,055
-
1,275
868
-
Real Estate – Home Equity
1,357
512
-
1,382
387
-
Consumer
-
883
-
-
845
-
Total Nonaccrual
$
6,662
$
4,481
$
-
$
4,448
$
4,147
$
-
|
| Collateral-Dependent Loans |
March 31, 2026
December 31, 2025
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
1,074
$
-
$
1,087
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
3,073
-
2,450
-
Real Estate – Residential
2,628
-
1,275
-
Real Estate – Home Equity
1,361
-
1,561
-
Consumer
-
-
-
-
Total Collateral Dependent
$
7,062
$
1,074
$
5,286
$
1,087
|
| Loans Held for Investment by Years of Origination |
(Dollars in Thousands)
Term
Revolving
As of March 31, 2026
2026
2025
2024
2023
2022
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
9,380
$
34,767
$
20,654
$
18,368
$
20,251
$
18,188
$
43,764
$
165,372
Special Mention
78
302
116
2,661
27
93
46
3,323
Substandard
-
152
32
66
155
21
1,147
1,573
Total
$
9,458
$
35,221
$
20,802
$
21,095
$
20,433
$
18,302
$
44,957
$
170,268
Current-Period Gross
Writeoffs
$
-
$
-
$
81
$
75
$
55
$
6
$
83
$
300
Real Estate - Construction:
Pass
$
10,663
$
96,033
$
27,370
$
3,503
$
10,490
$
239
$
6,445
$
154,743
Special Mention
-
-
-
372
1,515
-
-
1,887
Total
$
10,663
$
96,033
$
27,370
$
3,875
$
12,005
$
239
$
6,445
$
156,630
Real Estate - Commercial
Mortgage:
Pass
$
21,212
$
87,220
$
65,642
$
95,144
$
166,153
$
232,070
$
31,811
$
699,252
Special Mention
-
9,744
3,012
4,252
24,648
7,760
762
50,178
Substandard
-
733
-
97
411
3,578
149
4,968
Doubtful
-
-
1,402
-
-
-
-
1,402
Total
$
21,212
$
97,697
$
70,056
$
99,493
$
191,212
$
243,408
$
32,722
$
755,800
Real Estate - Residential:
Pass
$
38,849
$
126,831
$
121,881
$
256,201
$
307,977
$
140,699
$
9,407
$
1,001,845
Special Mention
365
-
815
-
115
1,733
-
3,028
Substandard
38
-
557
426
1,200
3,858
115
6,194
Total
$
39,252
$
126,831
$
123,253
$
256,627
$
309,292
$
146,290
$
9,522
$
1,011,067
Real Estate - Home Equity:
Performing
$
279
$
351
$
8
$
297
$
18
$
516
$
238,971
$
240,440
Nonperforming
-
-
-
-
-
-
3,492
3,492
Total
$
279
$
351
$
8
$
297
$
18
$
516
$
242,463
$
243,932
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
13
$
13
Consumer:
Performing
$
19,800
$
57,351
$
19,718
$
24,448
$
26,716
$
20,732
$
11,060
$
179,825
Nonperforming
-
314
85
111
205
167
-
882
Total
$
19,800
$
57,665
$
19,803
$
24,559
$
26,921
$
20,899
$
11,060
$
180,707
Current-Period Gross
Writeoffs
$
632
$
114
$
121
$
216
$
198
$
142
$
60
$
1,483
(Dollars in Thousands)
Term
Revolving
As of December 31, 2025
2025
2024
2023
2022
2021
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
37,680
$
23,425
$
22,907
$
23,068
$
10,922
$
8,740
$
48,354
$
175,096
Special Mention
322
121
2,740
63
4
180
163
3,593
Substandard
-
146
95
245
16
36
1,114
1,652
Total
$
38,002
$
23,692
$
25,742
$
23,376
$
10,942
$
8,956
$
49,631
$
180,341
Current-Period Gross
Writeoffs
$
-
$
209
$
114
$
344
$
70
$
1
$
44
$
782
Real Estate - Construction:
Pass
$
76,850
$
39,024
$
3,298
$
14,996
$
53
$
187
$
9,295
$
143,703
Special Mention
-
-
372
2,127
-
-
-
2,499
Substandard
-
-
718
-
-
-
-
718
Total
$
76,850
$
39,024
$
4,388
$
17,123
$
53
$
187
$
9,295
$
146,920
Real Estate - Commercial
Mortgage:
Pass
$
93,723
$
76,348
$
101,262
$
174,959
$
92,388
$
152,307
$
22,555
$
713,542
Special Mention
9,830
4,477
5,725
20,547
3,922
4,074
720
49,295
Substandard
750
1,402
98
418
1,229
1,847
150
5,894
Total
$
104,303
$
82,227
$
107,085
$
195,924
$
97,539
$
158,228
$
23,425
$
768,731
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
4
$
-
$
4
Real Estate - Residential:
Pass
$
142,278
$
130,895
$
269,844
$
316,402
$
59,950
$
87,545
$
10,521
$
1,017,435
Special Mention
-
-
-
116
954
807
378
2,255
Substandard
-
558
429
1,201
1,310
2,341
161
6,000
Total
$
142,278
$
131,453
$
270,273
$
317,719
$
62,214
$
90,693
$
11,060
$
1,025,690
Current-Period Gross
Writeoffs
$
-
$
27
$
59
$
32
$
-
$
18
$
-
$
136
Real Estate - Home Equity:
Performing
$
391
$
9
$
411
$
19
$
106
$
587
$
237,678
$
239,201
Nonperforming
-
-
-
-
-
-
1,696
1,696
Total
$
391
$
9
$
411
$
19
$
106
$
587
$
239,374
$
240,897
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
9
$
35
$
44
Consumer:
Performing
$
63,443
$
21,866
$
27,919
$
31,464
$
21,524
$
5,164
$
11,315
$
182,695
Nonperforming
186
191
149
215
72
31
-
844
Total
$
63,629
$
22,057
$
28,068
$
31,679
$
21,596
$
5,195
$
11,315
$
183,539
Current-Period Gross
Writeoffs
$
2,789
$
376
$
1,003
$
1,036
$
454
$
144
$
152
$
5,954
|