Loans, net and allowance for loan losses (Tables)

9 Months Ended

Sep. 30, 2022

Loans, net and allowance for loan losses

Schedule of major classifications of loans outstanding

At the period end		September 30, 2022	December 31, 2021
Commercial
Taxable	$	371,164	$	424,455
Non-taxable		224,764		188,672
Total		595,928		613,127
Real estate
Commercial		1,620,116		1,343,539
Residential		326,223		297,624
Total		1,946,339		1,641,163
Consumer
Indirect Auto		70,006		65,791
Consumer Other		11,433		9,092
Total		81,439		74,883
Total	$	2,623,706	$	2,329,173

Schedule of changes in allowance for loan losses account by major classification of loans

The changes in the allowance for loan losses account by major classification of loan for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:

			Real estate
September 30, 2022	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance July 1, 2022	$	7,766	$	17,569	$	3,220	$	819	$	29,374
Charge-offs				(15)				(86)		(101)
Recoveries		10		32		1		56		99
Provisions (credits)		(5)		437		9		9		450
Ending balance	$	7,771	$	18,023	$	3,230	$	798	$	29,822
			Real estate
September 30, 2021	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance July 1, 2021	$	8,520	$	14,281	$	3,069	$	869	$	26,739
Charge-offs		(446)		(12)				(8)		(466)
Recoveries		4		1				15		20
Provisions (credits)		(164)		519		92		(47)		400
Ending balance	$	7,914	$	14,789	$	3,161	$	829	$	26,693

			Real estate
September 30, 2022	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance January 1, 2022	$	8,453	$	15,928	$	3,209	$	793	$	28,383
Charge-offs		(161)		(147)		(2)		(244)		(554)
Recoveries		39		109		4		141		293
Provisions (credits)		(560)		2,133		19		108		1,700
Ending balance	$	7,771	$	18,023	$	3,230	$	798	$	29,822
			Real estate
September 30, 2021	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Beginning Balance January 1, 2021	$	8,734	$	14,559	$	3,129	$	922	$	27,344
Charge-offs		(461)		(252)		(24)		(114)		(851)
Recoveries		83		67		2		48		200
Provisions (credits)		(442)		415		54		(27)		—
Ending balance	$	7,914	$	14,789	$	3,161	$	829	$	26,693

The allocation of the allowance for loan losses and the related loans by major classifications of loans at September 30, 2022 and December 31, 2021 is summarized as follows:

			Real estate
September 30, 2022	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Ending balance	$	7,771	$	18,023	$	3,230	$	798	$	29,822
Ending balance: individually evaluated for impairment		19		1		21				41
Ending balance: collectively evaluated for impairment	$	7,752	$	18,022	$	3,209	$	798	$	29,781
Loans receivable:
Ending balance	$	595,928	$	1,620,116	$	326,223	$	81,439	$	2,623,706
Ending balance: individually evaluated for impairment		114		2,721		1,161				3,996
Ending balance: collectively evaluated for impairment	$	595,814	$	1,617,395	$	325,062	$	81,439	$	2,619,710

			Real estate
December 31, 2021	Commercial		Commercial		Residential		Consumer		Total
Allowance for loan losses:
Ending balance	$	8,453	$	15,928	$	3,209	$	793	$	28,383
Ending balance: individually evaluated for impairment		40		109		26				175
Ending balance: collectively evaluated for impairment	$	8,413	$	15,819	$	3,183	$	793	$	28,208
Loans receivable:
Ending balance	$	613,127	$	1,343,539	$	297,624	$	74,883	$	2,329,173
Ending balance: individually evaluated for impairment		199		2,889		1,274				4,362
Ending balance: collectively evaluated for impairment	$	612,928	$	1,340,650	$	296,350	$	74,883	$	2,324,811

Schedule of major classification of loans portfolio summarized by credit quality

			Special
September 30, 2022	Pass		Mention		Substandard		Doubtful	Total
Commercial	$	587,033	$	8,065	$	830	$	$	595,928
Real estate:
Commercial		1,606,076		7,722		6,318			1,620,116
Residential		324,452		114		1,657			326,223
Consumer		81,170				269			81,439
Total	$	2,598,731	$	15,901	$	9,074	$	$	2,623,706

			Special
December 31, 2021	Pass		Mention		Substandard		Doubtful	Total
Commercial	$	611,151	$	896	$	1,080	$	$	613,127
Real estate:
Commercial		1,324,646		13,939		4,954			1,343,539
Residential		294,892		333		2,399			297,624
Consumer		74,744				139			74,883
Total	$	2,305,433	$	15,168	$	8,572	$	$	2,329,173

Schedule of information concerning nonaccrual loans by major loan classification

		September 30, 2022		December 31, 2021
Commercial	$	102	$	185
Real estate:
Commercial		1,787		1,793
Residential		423		694
Consumer		245		139
Total	$	2,557	$	2,811

Schedule of major classifications of loans by past due status

					Greater								Loans > 90
	30-59 Days		60-89 Days		than 90		Total Past						Days and
September 30, 2022	Past Due		Past Due		Days		Due		Current		Total Loans		Accruing
Commercial	$	35	$		$	102	$	137	$	595,791	$	595,928	$
Real estate:
Commercial		146		605		330		1,081		1,619,035		1,620,116
Residential		341		640		565		1,546		324,677		326,223		280
Consumer		405		234		98		737		80,702		81,439
Total	$	927	$	1,479	$	1,095	$	3,501	$	2,620,205	$	2,623,706	$	280

Improved credit quality resulted in lower levels of past due loans from year end.

					Greater								Loans > 90
	30-59 Days		60-89 Days		than 90		Total Past						Days and
December 31, 2021	Past Due		Past Due		Days		Due		Current		Total Loans		Accruing
Commercial	$	101		155	$	158	$	414	$	612,713	$	613,127	$
Real estate:
Commercial		768	$	423		834		2,025		1,341,514		1,343,539
Residential		1,552		207		265		2,024		295,600		297,624		13
Consumer		477		163		51		691		74,192		74,883
Total	$	2,898	$	948	$	1,308	$	5,154	$	2,324,019	$	2,329,173	$	13

Summarized information concerning impaired loans

							This Quarter				Year-to-Date
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
September 30, 2022	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance:
Commercial	$	94	$	425			$	110	$	3	$	129	$	7
Real estate:
Commercial		2,389		3,193				2,431		9		2,497		31
Residential		918		1,102				957		6		915		16
Consumer		245		256				258				215
Total		3,646		4,976				3,756		18		3,756		54
With an allowance recorded:
Commercial		20		20	$	19		27		—		29		—
Real estate:
Commercial		332		332		1		381		7		429		15
Residential		243		247		21		257		3		297		9
Total		595		599		41		665		10		755		24
Total impaired loans
Commercial		114		445		19		137		3		158		7
Real estate:
Commercial		2,721		3,525		1		2,812		16		2,926		46
Residential		1,161		1,349		21		1,214		9		1,212		25
Consumer		245		256				258				215
Total	$	4,241	$	5,575	$	41	$	4,421	$	28	$	4,511	$	78

							For the Year Ended
			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
December 31, 2021	Investment		Balance		Allowance		Investment		Recognized
With no related allowance:
Commercial	$	158	$	481			$	964	$	13
Real estate:
Commercial		2,376		3,120				2,719		22
Residential		873		1,073				1,016		19
Consumer		139		148				100
Total		3,546		4,822				4,799		54
With an allowance recorded:
Commercial		41		41		40		1,091		15
Real estate:
Commercial		513		543		109		802		22
Residential		401		401		26		436		13
Consumer
Total		955		985		175		2,329		50
Total impaired loans
Commercial		199		522		40		2,055		28
Real estate:
Commercial		2,889		3,663		109		3,521		44
Residential		1,274		1,474		26		1,452		32
Consumer		139		148				100
Total	$	4,501	$	5,807	$	175	$	7,128	$	104

							This Quarter				Year-to-Date
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
September 30, 2021	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance:
Commercial	$	634	$	1,097			$	870	$	2	$	1,166	$	9
Real estate:
Commercial		2,560		3,275				2,785		4		2,805		19
Residential		991		1,184				999		5		1,051		15
Consumer		82		96				79				91
Total		4,267		5,652				4,733		11		5,113		43
With an allowance recorded:
Commercial		424		424	$	18		695		5		1,354		15
Real estate:
Commercial		534		564		107		604		4		875		14
Residential		440		446		41		450		3		445		10
Consumer
Total		1,398		1,434		166		1,749		12		2,674		39
Total impaired loans
Commercial		1,058		1,521		18		1,565		7		2,520		24
Real estate:
Commercial		3,094		3,839		107		3,389		8		3,680		33
Residential		1,431		1,630		41		1,449		8		1,496		25
Consumer		82		96				79				91
Total	$	5,665	$	7,086	$	166	$	6,482	$	23	$	7,787	$	82