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Loans and Leases
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Loans and Leases Loans and Leases
Summary of Major Loan and Lease Categories

(Dollars in thousands)At March 31, 2024At December 31, 2023
Commercial, financial and agricultural$1,014,568 $989,723 
Real estate-commercial3,283,729 3,302,798 
Real estate-construction379,995 394,462 
Real estate-residential secured for business purpose524,196 517,002 
Real estate-residential secured for personal purpose922,412 909,015 
Real estate-home equity secured for personal purpose177,446 179,282 
Loans to individuals27,200 27,749 
Lease financings249,540 247,183 
Total loans and leases held for investment, net of deferred income$6,579,086 $6,567,214 
Less: Allowance for credit losses, loans and leases(85,632)(85,387)
Net loans and leases held for investment$6,493,454 $6,481,827 
Imputed interest on lease financings, included in the above table$(31,326)$(30,485)
Net deferred costs, included in the above table7,964 7,949 
Overdraft deposits included in the above table105 280 
Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at March 31, 2024 and December 31, 2023:
Accruing Loans and Leases
(Dollars in thousands)30-59
Days
Past Due		60-89
Days
Past Due		90 Days
or more
Past Due		Total
Past Due		CurrentTotal Accruing Loans and LeasesNonaccrual Loans and LeasesTotal Loans
and Leases
Held for
Investment
At March 31, 2024
Commercial, financial and agricultural$1,432 $601 $— $2,033 $1,009,159 $1,011,192 $3,376 $1,014,568 
Real estate—commercial real estate and construction:
Commercial real estate4,836 1,342 — 6,178 3,273,830 3,280,008 3,721 3,283,729 
Construction809 — — 809 373,448 374,257 5,738 379,995 
Real estate—residential and home equity:
Residential secured for business purpose336 161 — 497 521,980 522,477 1,719 524,196 
Residential secured for personal purpose4,330 76 — 4,406 914,160 918,566 3,846 922,412 
Home equity secured for personal purpose1,106 166 — 1,272 174,888 176,160 1,286 177,446 
Loans to individuals44 79 70 193 27,007 27,200 — 27,200 
Lease financings1,264 375 198 1,837 247,034 248,871 669 249,540 
Total$14,157 $2,800 $268 $17,225 $6,541,506 $6,558,731 $20,355 $6,579,086 
Accruing Loans and Leases
(Dollars in thousands)30-59
Days
Past Due		60-89
Days
Past Due		90 Days
or more
Past Due		Total
Past Due		CurrentTotal Accruing Loans and LeasesNonaccrual Loans and LeasesTotal Loans
and Leases
Held for
Investment
At December 31, 2023
Commercial, financial and agricultural$1,355 $348 $285 $1,988 $985,469 $987,457 $2,266 $989,723 
Real estate—commercial real estate and construction:
Commercial real estate1,763 1,072 — 2,835 3,294,254 3,297,089 5,709 3,302,798 
Construction10,022 45 — 10,067 378,328 388,395 6,067 394,462 
Real estate—residential and home equity:
Residential secured for business purpose930 643 — 1,573 514,339 515,912 1,090 517,002 
Residential secured for personal purpose6,464 76 — 6,540 898,262 904,802 4,213 909,015 
Home equity secured for personal purpose721 144 — 865 177,301 178,166 1,116 179,282 
Loans to individuals191 84 37 312 27,437 27,749 — 27,749 
Lease financings987 374 212 1,573 245,552 247,125 58 247,183 
Total$22,433 $2,786 $534 $25,753 $6,520,942 $6,546,695 $20,519 $6,567,214 
Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at March 31, 2024 and December 31, 2023.
 At March 31, 2024At December 31, 2023
(Dollars in thousands)Nonaccrual
Loans and
Leases		Loans and
Leases
90 Days
or more
Past Due
and
Accruing
Interest		Total Nonperforming
Loans and
Leases		Nonaccrual
Loans and
Leases		Loans and
Leases
90 Days
or more
Past Due
and
Accruing
Interest		Total Nonperforming
Loans and
Leases
Loans held for sale$8 $— $8 $8 $— $8 
Loans and leases held for investment:
Commercial, financial and agricultural$3,376 $— $3,376 $2,266 $285 $2,551 
Real estate—commercial real estate and construction:
Commercial real estate3,721 — 3,721 5,709 — 5,709 
Construction5,738 — 5,738 6,067 — 6,067 
Real estate—residential and home equity:
Residential secured for business purpose1,719 — 1,719 1,090 — 1,090 
Residential secured for personal purpose3,846 — 3,846 4,213 — 4,213 
Home equity secured for personal purpose1,286 — 1,286 1,116 — 1,116 
Loans to individuals— 70 70 — 37 37 
Lease financings669 198 867 58 212 270 
Total$20,363 $268 $20,631 $20,527 $534 $21,061 
The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of March 31, 2024 and December 31, 2023.
(Dollars in thousands)Nonaccrual With No Allowance for Credit LossesNonaccrual With Allowance for Credit LossesTotal NonaccrualLoans and Leases 90 Days or more Past Due and Accruing Interest
At March 31, 2024
Commercial, financial and agricultural$537 $2,839 $3,376 $— 
Real estate-commercial3,701 20 3,721 — 
Real estate-construction2,785 2,953 5,738 — 
Real estate-residential secured for business purpose1,719 — 1,719 — 
Real estate-residential secured for personal purpose3,846 — 3,846 — 
Real estate-home equity secured for personal purpose1,286 — 1,286 — 
Loans to individuals— — — 70 
Lease financings— 669 669 198 
Total$13,874 $6,481 $20,355 $268 
At December 31, 2023
Commercial, financial and agricultural$332 $1,934 $2,266 $285 
Real estate-commercial5,687 22 5,709 — 
Real estate-construction2,931 3,136 6,067 — 
Real estate-residential secured for business purpose1,090 — 1,090 — 
Real estate-residential secured for personal purpose4,213 — 4,213 — 
Real estate-home equity secured for personal purpose1,116 — 1,116 — 
Loans to individuals— — — 37 
Lease financings— 58 58 212 
Total$15,369 $5,150 $20,519 $534 

For the three months ended March 31, 2024, $70 thousand of interest income was recognized on nonaccrual loans and leases.

The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of March 31, 2024 and December 31, 2023.

(Dollars in thousands)Real Estate
Other (1)
None (2)
Total
At March 31, 2024
Commercial, financial and agricultural$1,873 $612 $891 $3,376 
Real estate-commercial3,701 — 20 3,721 
Real estate-construction5,738 — — 5,738 
Real estate-residential secured for business purpose1,719 — — 1,719 
Real estate-residential secured for personal purpose3,846 — — 3,846 
Real estate-home equity secured for personal purpose1,286 — — 1,286 
Lease financings— 669 — 669 
Total$18,163 $1,281 $911 $20,355 
(Dollars in thousands)Real Estate
Other (1)
NoneTotal
At December 31, 2023
Commercial, financial and agricultural$2,236 $30 $— $2,266 
Real estate-commercial5,709 — — 5,709 
Real estate-construction6,067 — — 6,067 
Real estate-residential secured for business purpose1,090 — — 1,090 
Real estate-residential secured for personal purpose4,213 — — 4,213 
Real estate-home equity secured for personal purpose1,116 — — 1,116 
Lease financings— 58 — 58 
Total$20,431 $88 $— $20,519 
(1) Collateral consists of business assets, including accounts receivable, personal property and equipment.
(2) Loans fully guaranteed by the SBA or fully reserved given lack of collateral.

Credit Quality Indicators

The Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with a relationship balance of less than $1 million are reviewed when necessary based on their performance, primarily when such loans are delinquent. Commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans with relationships greater than $1 million are reviewed at least annually. Loan relationships with a higher risk profile or classified as special mention or substandard are reviewed at least quarterly. The Corporation reviews credit quality key risk indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2023. The following is a description of the internal risk ratings and the likelihood of loss related to the credit quality of commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans.

1.Pass—Loans considered satisfactory with no indications of deterioration
2.Special Mention—Potential weakness that deserves management's close attention
3.Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt
4.Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable
Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at March 31, 2024 and December 31, 2023.
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
At March 31, 2024
Commercial, Financial and Agricultural
Risk Rating
1. Pass$65,207 $134,525 $115,449 $130,795 $23,550 $55,480 $434,964 $602 $960,572 
2. Special Mention— — 13,249 141 530 5,939 16,609 — 36,468 
3. Substandard— — 2,007 7,656 1 216 7,648 — 17,528 
Total$65,207 $134,525 $130,705 $138,592 $24,081 $61,635 $459,221 $602 $1,014,568 
Current period gross charge-offs$15 $— $— $— $— $— $578 $— $593 
Real Estate-Commercial
Risk Rating
1. Pass$61,090 $457,725 $837,415 $624,421 $593,371 $604,404 $77,210 $— $3,255,636 
2. Special Mention— — 366 180 7,078 9,356 — — 16,980 
3. Substandard— 1,226 2,712 4,075 — 170 2,930 — 11,113 
Total$61,090 $458,951 $840,493 $628,676 $600,449 $613,930 $80,140 $— $3,283,729 
Real Estate-Construction
Risk Rating
1. Pass$18,930 $126,959 $183,448 $3,353 $2,236 $2,317 $15,643 $— $352,886 
2. Special Mention— 833 — — — — — — 833 
3. Substandard— — 4,593 2,785 2,403 4,525 11,970 — 26,276 
Total$18,930 $127,792 $188,041 $6,138 $4,639 $6,842 $27,613 $— $379,995 
Current period gross charge-offs$— $— $— $— $— $— $500 $— $500 
Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass$27,510 $103,721 $146,982 $115,673 $55,819 $45,757 $27,015 $— $522,477 
2. Special Mention— — — — — — — — — 
3. Substandard— — 156 — 619 304 640 — 1,719 
Total$27,510 $103,721 $147,138 $115,673 $56,438 $46,061 $27,655 $— $524,196 
Totals By Risk Rating
1. Pass$172,737 $822,930 $1,283,294 $874,242 $674,976 $707,958 $554,832 $602 $5,091,571 
2. Special Mention— 833 13,615 321 7,608 15,295 16,609 — 54,281 
3. Substandard— 1,226 9,468 14,516 3,023 5,215 23,188 — 56,636 
Total$172,737 $824,989 $1,306,377 $889,079 $685,607 $728,468 $594,629 $602 $5,202,488 
Total current period gross charge-offs$15 $— $— $— $— $— $1,078 $— $1,093 
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
At December 31, 2023
Commercial, Financial and Agricultural
Risk Rating
1. Pass$130,755 $121,402 $135,550 $26,745 $19,029 $40,973 $455,076 $653 $930,183 
2. Special Mention— 13,454 — — 6,029 — 15,251 — 34,734 
3. Substandard— 2,195 8,206 — 216 — 14,189 — 24,806 
Total$130,755 $137,051 $143,756 $26,745 $25,274 $40,973 $484,516 $653 $989,723 
Real Estate-Commercial
Risk Rating
1. Pass$480,527 $841,529 $642,133 $604,700 $329,443 $296,802 $74,947 $— $3,270,081 
2. Special Mention1,238 227 3,132 5,821 — 10,416 — — 20,834 
3. Substandard1,324 2,732 2,768 — 226 1,911 2,922 — 11,883 
Total$483,089 $844,488 $648,033 $610,521 $329,669 $309,129 $77,869 $— $3,302,798 
Real Estate-Construction
Risk Rating
1. Pass$112,127 $218,637 $4,139 $2,600 $241 $2,211 $14,440 $— $354,395 
2. Special Mention— 7,655 — — 4,045 5,265 10,908 — 27,873 
3. Substandard2,400 1,574 2,932 — — — 5,288 — 12,194 
Total$114,527 $227,866 $7,071 $2,600 $4,286 $7,476 $30,636 $— $394,462 
Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass$104,904 $151,680 $120,035 $60,360 $38,006 $11,631 $29,295 $— $515,911 
2. Special Mention— — — — — — — — — 
3. Substandard— 162 — 620 — 309 — — 1,091 
Total$104,904 $151,842 $120,035 $60,980 $38,006 $11,940 $29,295 $— $517,002 
Totals By Risk Rating
1. Pass$828,313 $1,333,248 $901,857 $694,405 $386,719 $351,617 $573,758 $653 $5,070,570 
2. Special Mention1,238 21,336 3,132 5,821 10,074 15,681 26,159 — 83,441 
3. Substandard3,724 6,663 13,906 620 442 2,220 22,399 — 49,974 
Total$833,275 $1,361,247 $918,895 $700,846 $397,235 $369,518 $622,316 $653 $5,203,985 

The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2024 or December 31, 2023.

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2023. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due.

Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at March 31, 2024 and December 31, 2023.
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
At March 31, 2024
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing$3,222 $145,518 $340,578 $202,649 $127,050 $99,549 $— $918,566 
2. Nonperforming— — 148 42 2,745 911 — 3,846 
Total$3,222 $145,518 $340,726 $202,691 $129,795 $100,460 $— $922,412 
Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing$179 $409 $2,507 $490 $385 $1,550 $170,640 $176,160 
2. Nonperforming— — — — — — 1,286 1,286 
Total$179 $409 $2,507 $490 $385 $1,550 $171,926 $177,446 
Loans to Individuals
Payment Performance
1. Performing$812 $1,552 $775 $464 $79 $854 $22,594 $27,130 
2. Nonperforming— — — — — 70 — 70 
Total$812 $1,552 $775 $464 $79 $924 $22,594 $27,200 
Current period gross charge-offs$40 $67 $18 $— $— $— $154 $279 
Lease Financings
Payment Performance
1. Performing$24,065 $104,290 $64,314 $36,456 $14,767 $4,781 $— $248,673 
2. Nonperforming— 146 129 573 1 18 — 867 
Total$24,065 $104,436 $64,443 $37,029 $14,768 $4,799 $— $249,540 
Current period gross charge-offs$— $60 $70 $100 $— $— $— $230 
Totals by Payment Performance
1. Performing$28,278 $251,769 $408,174 $240,059 $142,281 $106,734 $193,234 $1,370,529 
2. Nonperforming— 146 277 615 2,746 999 1,286 6,069 
Total$28,278 $251,915 $408,451 $240,674 $145,027 $107,733 $194,520 $1,376,598 
Total current period gross charge-offs$40 $127 $88 $100 $— $— $154 $509 
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
At December 31, 2023
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing$139,765 $328,383 $206,285 $128,157 $22,798 $79,296 $118 $904,802 
2. Nonperforming— 153 43 2,749 — 1,268 — 4,213 
Total$139,765 $328,536 $206,328 $130,906 $22,798 $80,564 $118 $909,015 
Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing$511 $2,567 $510 $409 $165 $1,463 $172,541 $178,166 
2. Nonperforming— — — — — — 1,116 1,116 
Total$511 $2,567 $510 $409 $165 $1,463 $173,657 $179,282 
Loans to Individuals
Payment Performance
1. Performing$1,831 $894 $530 $107 $48 $1,004 $23,298 $27,712 
2. Nonperforming— — — — — 37 — 37 
Total$1,831 $894 $530 $107 $48 $1,041 $23,298 $27,749 
Lease Financings
Payment Performance
1. Performing$110,832 $70,070 $41,392 $17,874 $5,681 $1,064 $— $246,913 
2. Nonperforming11 104 88 19 36 12 — 270 
Total$110,843 $70,174 $41,480 $17,893 $5,717 $1,076 $— $247,183 
Totals by Payment Performance
1. Performing$252,939 $401,914 $248,717 $146,547 $28,692 $82,827 $195,957 $1,357,593 
2. Nonperforming11 257 131 2,768 36 1,317 1,116 5,636 
Total$252,950 $402,171 $248,848 $149,315 $28,728 $84,144 $197,073 $1,363,229 

The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at March 31, 2024 or December 31, 2023.
Allowance for Credit Losses on Loans and Leases and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three months ended March 31, 2024 and 2023. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the three months ended March 31, 2024.
(Dollars in thousands)Beginning balanceProvision (reversal of provision) for credit lossesCharge-offsRecoveriesEnding balance
Three Months Ended March 31, 2024
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural$13,699 $815 $(593)$11 $13,932 
Real estate-commercial45,849 1 — 3 45,853 
Real estate-construction6,543 211 (500)— 6,254 
Real estate-residential secured for business purpose8,692 106 — 2 8,800 
Real estate-residential secured for personal purpose6,349 154 — 134 6,637 
Real estate-home equity secured for personal purpose1,289 (105)— — 1,184 
Loans to individuals392 235 (279)40 388 
Lease financings2,574 234 (230)6 2,584 
Total$85,387 $1,651 $(1,602)$196 $85,632 
Three Months Ended March 31, 2023
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural$16,920 $547 $(2,848)$106 $14,725 
Real estate-commercial41,673 1,524 (50)3 43,150 
Real estate-construction4,952 (64)(207)— 4,681 
Real estate-residential secured for business purpose7,054 1,125 — 181 8,360 
Real estate-residential secured for personal purpose3,685 1,327 — — 5,012 
Real estate-home equity secured for personal purpose1,287 (66)— 50 1,271 
Loans to individuals351 113 (105)16 375 
Lease financings3,082 (634)(20)32 2,460 
Total$79,004 $3,872 $(3,230)$388 $80,034 
The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at March 31, 2024 and 2023:
Allowance for credit losses, loans and leasesLoans and leases held for investment
(Dollars in thousands)Ending balance: individually analyzedEnding balance: pooledTotal ending balanceEnding balance: individually analyzedEnding balance: pooledTotal ending balance
At March 31, 2024
Commercial, financial and agricultural$1,429 $12,503 $13,932 $3,376 $1,011,192 $1,014,568 
Real estate-commercial18 45,835 45,853 3,721 3,280,008 3,283,729 
Real estate-construction514 5,740 6,254 5,738 374,257 379,995 
Real estate-residential secured for business purpose— 8,800 8,800 1,719 522,477 524,196 
Real estate-residential secured for personal purpose— 6,637 6,637 3,846 918,566 922,412 
Real estate-home equity secured for personal purpose— 1,184 1,184 1,286 176,160 177,446 
Loans to individuals— 388 388 — 27,200 27,200 
Lease financings— 2,584 2,584 — 249,540 249,540 
Total$1,961 $83,671 $85,632 $19,686 $6,559,400 $6,579,086 
At March 31, 2023
Commercial, financial and agricultural$912 $13,813 $14,725 $3,423 $1,029,330 $1,032,753 
Real estate-commercial— 43,150 43,150 4,288 3,123,922 3,128,210 
Real estate-construction— 4,681 4,681 383 376,186 376,569 
Real estate-residential secured for business purpose— 8,360 8,360 759 497,746 498,505 
Real estate-residential secured for personal purpose— 5,012 5,012 1,500 778,057 779,557 
Real estate-home equity secured for personal purpose— 1,271 1,271 948 171,125 172,073 
Loans to individuals— 375 375 — 28,656 28,656 
Lease financings— 2,460 2,460 — 223,481 223,481 
Total$912 $79,122 $80,034 $11,301 $6,228,503 $6,239,804 

Modified Loans to Borrowers Experiencing Financial Difficulty

The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2024 and 2023.
 Three Months Ended March 31, 2024Three Months Ended March 31, 2023
(Dollars in thousands)Number
of
Loans		Amortized Cost Basis% of Total Class of Financing ReceivableRelated
Reserve		Number
of
Loans		Amortized Cost Basis*% of Total Class of Financing ReceivableRelated
Reserve
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial real estate1 $1,323 0.04 %$2 — — — — 
Real estate—construction1 1,831 0.48 6 1 $5,829 1.17 %$16 
Total2 $3,154 $8 1 $5,829 $16 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural— $— — %$— 1 $2,620 0.25 %$538 
Real estate—construction2 5,739 1.51 514 — — — — 
Total2 $5,739 $514 1 $2,620 $538 
*Amortized cost excludes $24 thousand and $26 thousand of accrued interest receivable on modified loans for the three months ended March 31, 2024 and March 31, 2023, respectively.
The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2024 and 2023.
 Term Extension
(Dollars in thousands)No. of
Loans		Financial Effect
Three Months Ended March 31, 2024
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial real estate1 
 Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amounts for the borrowers.
Real estate—construction1 
 Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amounts for the borrowers.
Total2 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction2 
Added a weighted-average 8 months to the life of the loans, which reduced monthly payment amounts for the borrowers.
Total2 
Three Months Ended March 31, 2023
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction1 
Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amount for the borrower.
Total1 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural1 
Added a weighted-average 10 months to the life of the loan, which reduced monthly payment amount for the borrower.
Total1 

There were no accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults during the 12-month period preceding modification for the three months ended March 31, 2024 and 2023.
The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months.
At March 31, 2024
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past DueTotal
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial real estate$6,178 $— $— $6,178 
Real estate—construction1,831 — — 1,831 
Total$8,009 $— $— $8,009 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction$— $— $5,739 $5,739 
Total$— $— $5,739 $5,739 

As of March 31, 2024, the Bank had commitments to extend credit to borrowers experiencing financial difficulty whose terms had been modified.
The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at March 31, 2024 or December 31, 2023.
(Dollars in thousands)At March 31, 2024At December 31, 2023
Real estate-residential secured for personal purpose$3,058 $5,147 
Real estate-home equity secured for personal purpose93 — 
Total$3,151 $5,147 

The following presents foreclosed residential real estate property included in other real estate owned at March 31, 2024 or December 31, 2023.
(Dollars in thousands)At March 31, 2024At December 31, 2023
Foreclosed residential real estate$79 $79 

Lease Financings

The following presents the schedule of minimum lease payments receivable:
(Dollars in thousands)At March 31, 2024At December 31, 2023
2024 (excluding the three months ended March 31, 2024)$69,540 $87,101 
202578,584 74,002 
202661,566 56,525 
202742,093 36,944 
202819,729 14,945 
Thereafter4,646 3,506 
Total future minimum lease payments receivable276,158 273,023 
Plus: Unguaranteed residual1,402 1,242 
Plus: Initial direct costs3,306 3,403 
Less: Imputed interest(31,326)(30,485)
Lease financings$249,540 $247,183