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Allowance for Loan and Lease Losses (Tables)
12 Months Ended
Dec. 31, 2022
Allowance for Credit Loss [Abstract]  
Summary of Changes in Allowance for Loan Losses and Allowance and Loans Individually and Collectively Evaluated for Impairment
A summary of changes in the allowance for loan and lease losses, by loan type, for the years ended December 31, 2022 and 2021 are as follows:

 As of December 31,
 20222021
(in thousands)Beginning Allowance (12/31/21)Charge-offsRecoveriesProvisionEnding Allowance (12/31/22)Beginning Allowance (12/31/20)Charge-offsRecoveriesProvisionEnding Allowance (12/31/21)
Real Estate:          
Construction & land development$769 $(65)$340 $188 $1,232 $1,029 $(92)$— $(168)$769 
Farmland478 — — (395)83 462 — 90 (74)478 
1- 4 family1,921 (94)76 (142)1,761 2,510 (266)44 (367)1,921 
Multifamily940 — 452 (646)746 978 (12)— (26)940 
Non-farm non-residential12,730 (603)349 (3,196)9,280 15,064 (1,020)(1,321)12,730 
Total Real Estate16,838 (762)1,217 (4,191)13,102 20,043 (1,390)141 (1,956)16,838 
Non-Real Estate:          
Agricultural183 (460)133 384 240 181 (149)17 134 183 
Commercial and industrial2,363 (563)91 303 2,194 2,802 (89)96 (446)2,363 
Commercial leases2,486 (150)2,538 4,879 583 — 1,899 2,486 
Consumer and other1,371 (4,151)473 4,813 2,506 907 (1,494)320 1,638 1,371 
Unallocated788 — — (191)597 — — 786 788 
Total Non-Real Estate7,191 (5,324)702 7,847 10,416 4,475 (1,732)437 4,011 7,191 
Total$24,029 $(6,086)$1,919 $3,656 $23,518 $24,518 $(3,122)$578 $2,055 $24,029 
A summary of the allowance along with loans and leases, including loans acquired with deteriorated credit quality, individually and collectively evaluated for impairment are as follows:

 As of December 31, 2022
(in thousands)Allowance
Individually
Evaluated
for Impairment
Allowance Individually Evaluated for Purchased Credit-ImpairmentAllowance
Collectively Evaluated
for Impairment
Total Allowance
for Credit Losses
Loans
Individually
Evaluated
for Impairment
Loans Individually Evaluated for Purchased Credit-ImpairmentLoans
Collectively
Evaluated
for Impairment
Total Loans
before
Unearned Income
Real Estate:      
Construction & land development$— $— $1,232 $1,232 $68 $301 $232,722 $233,091 
Farmland— — 83 83 4,240 — 20,583 24,823 
1- 4 family— — 1,761 1,761 949 1,311 364,070 366,330 
Multifamily— — 746 746 — — 119,785 119,785 
Non-farm non-residential666 512 8,102 9,280 4,095 1,904 986,930 992,929 
Total Real Estate666 512 11,924 13,102 9,352 3,516 1,724,090 1,736,958 
Non-Real Estate:      
Agricultural— — 240 240 2,366 — 36,679 39,045 
Commercial and industrial412 212 1,570 2,194 5,919 742 378,618 385,279 
Commercial leases1,799 — 3,080 4,879 1,799 — 315,775 317,574 
Consumer and other— — 2,506 2,506 — — 47,864 47,864 
Unallocated— — 597 597 — — — — 
Total Non-Real Estate2,211 212 7,993 10,416 10,084 742 778,936 789,762 
Total$2,877 $724 $19,917 $23,518 $19,436 $4,258 $2,503,026 $2,526,720 
Unearned Income     (7,643)
Total Loans Net of Unearned Income     $2,519,077 
 As of December 31, 2021
(in thousands)Allowance
Individually
Evaluated
for Impairment
Allowance Individually Evaluated for Purchased Credit-ImpairmentAllowance
Collectively
Evaluated
for Impairment
Total Allowance
for Credit Losses
Loans
Individually
Evaluated
for Impairment
Loans Individually Evaluated for Purchased Credit-ImpairmentLoans
Collectively
Evaluated
for Impairment
Total Loans
before
Unearned Income
Real Estate:      
Construction & land development$— $— $769 $769 $— $146 $174,188 $174,334 
Farmland19 — 459 478 496 — 31,314 31,810 
1- 4 family258 — 1,663 1,921 961 1,848 285,538 288,347 
Multifamily— — 940 940 — — 65,848 65,848 
Non-farm non-residential1,822 509 10,399 12,730 10,899 2,192 873,316 886,407 
Total Real Estate2,099 509 14,230 16,838 12,356 4,186 1,430,204 1,446,746 
Non-Real Estate:      
Agricultural— — 183 183 1,383 159 25,205 26,747 
Commercial and industrial72 216 2,075 2,363 1,286 798 396,307 398,391 
Commercial leases— — 2,486 2,486 — — 246,022 246,022 
Consumer and other— — 1,371 1,371 — — 48,142 48,142 
Unallocated— — 788 788 — — — — 
Total Non-Real Estate72 216 6,903 7,191 2,669 957 715,676 719,302 
Total$2,171 $725 $21,133 $24,029 $15,025 $5,143 $2,145,880 $2,166,048 
Unearned Income     (6,689)
Total Loans Net of Unearned Income     $2,159,359 
Summary of Impaired Loans, Excluding Loans Acquired with Deteriorated Credit Quality, by Class
The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class at December 31, 2022:

 As of December 31, 2022
(in thousands)Recorded
Investment
Unpaid
Principal Balance
Related
Allowance
Average
Recorded Investment
Interest Income
Recognized
Impaired Loans with no related allowance:     
Real Estate:     
Construction & land development$68 $68 $— $68 $— 
Farmland4,240 4,240 — 4,242 51 
1- 4 family949 949 — 949 
Multifamily— — — — — 
Non-farm non-residential1,814 1,814 — 1,817 56 
Total Real Estate7,071 7,071  7,076 112 
Non-Real Estate:     
Agricultural2,366 2,521 — 2,366 
Commercial and industrial4,871 4,988 — 4,988 33 
Commercial leases— — — — — 
Consumer and other— — — — — 
Total Non-Real Estate7,237 7,509  7,354 40 
Total Impaired Loans with no related allowance14,308 14,580  14,430 152 
Impaired Loans with an allowance recorded:     
Real estate:     
Construction & land development— — — — — 
Farmland— — — — — 
1- 4 family— — — — — 
Multifamily— — — — — 
Non-farm non-residential2,281 2,855 666 2,279 
Total Real Estate2,281 2,855 666 2,279 5 
Non-Real Estate:     
Agricultural— — — — — 
Commercial and industrial1,048 1,048 412 1,112 35 
Commercial leases1,799 1,812 1,799 1,817 27 
Consumer and other— — — — — 
Total Non-Real Estate2,847 2,860 2,211 2,929 62 
Total Impaired Loans with an allowance recorded5,128 5,715 2,877 5,208 67 
Total Impaired Loans$19,436 $20,295 $2,877 $19,638 $219 
The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class at December 31, 2021:

 As of December 31, 2021
(in thousands)Recorded
Investment
Unpaid
Principal Balance
Related
Allowance
Average
Recorded Investment
Interest Income
Recognized
Impaired Loans with no related allowance:     
Real Estate:     
Construction & land development$— $— $— $— $— 
Farmland— — — — — 
1- 4 family— — — — — 
Multifamily— — — — — 
Non-farm non-residential5,164 5,818 — 5,935 137 
Total Real Estate5,164 5,818  5,935 137 
Non-Real Estate:     
Agricultural1,383 1,668 — 1,412 — 
Commercial and industrial470 470 — 479 30 
Commercial leases— — — — — 
Consumer and other— — — — — 
Total Non-Real Estate1,853 2,138  1,891 30 
Total Impaired Loans with no related allowance7,017 7,956  7,826 167 
Impaired Loans with an allowance recorded:     
Real estate:     
Construction & land development— — — — — 
Farmland496 626 19 515 — 
1- 4 family961 961 258 968 56 
Multifamily— — — — — 
Non-farm non-residential5,735 5,996 1,822 5,842 90 
Total Real Estate7,192 7,583 2,099 7,325 146 
Non-Real Estate:     
Agricultural— — — — — 
Commercial and industrial816 816 72 875 28 
Commercial leases— — — — — 
Consumer and other— — — — — 
Total Non-Real Estate816 816 72 875 28 
Total Impaired Loans with an allowance recorded8,008 8,399 2,171 8,200 174 
Total Impaired Loans$15,025 $16,355 $2,171 $16,026 $341 
Schedule of Troubled Debt Restructurings
The following table is an age analysis of TDRs as of December 31, 2022 and December 31, 2021:

December 31, 2022December 31, 2021
 Accruing Loans  Accruing Loans  
(in thousands)Current30-89 Days Past DueNonaccrualTotal TDRsCurrent30-89 Days Past DueNonaccrualTotal TDRs
Real Estate:        
Construction & land development$— $— $— $— $— $— $— $— 
Farmland1,094 — — 1,094 — — — — 
1- 4 family— — — — — — — — 
Multifamily— — — — — — — — 
Non-farm non-residential— — — — — — 3,382 3,382 
Total Real Estate1,094   1,094   3,382 3,382 
Non-Real Estate:        
Agricultural— — — — — — — — 
Commercial and industrial— — — — — — — — 
Commercial leases— — — — — — — — 
Consumer and other— — — — — — — — 
Total Non-Real Estate        
Total$1,094 $ $ $1,094 $ $ $3,382 $3,382