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Allowance for Credit Losses on Loans (Tables)
6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Schedule 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 credit losses, by portfolio type, for the six months ended June 30, 2023 and 2022 are as follows: 

 For the Six Months Ended June 30,
 2023
(in thousands)Beginning Allowance (12/31/2022)ASC 326 Adoption Day 1 AdjustmentCharge-offsRecoveriesProvisionEnding Allowance (6/30/2023)
Real Estate:     
Construction & land development$1,232 $1,891 $— $— $737 $3,860 
Farmland83 (39)— — 47 
1- 4 family1,761 3,465 (100)937 6,069 
Multifamily746 1,418 — — 73 2,237 
Non-farm non-residential9,280 307 (138)211 278 9,938 
Total Real Estate13,102 7,042 (238)217 2,028 22,151 
Non-Real Estate:     
Agricultural240 (98)— 407 (407)142 
Commercial and industrial2,194 2,971 (45)159 (1,476)3,803 
Commercial leases4,879 (162)— — (2,525)2,192 
Consumer and other2,506 (1,042)(1,265)216 1,147 1,562 
Unallocated597 (591)— — 2,005 2,011 
Total Non-Real Estate10,416 1,078 (1,310)782 (1,256)9,710 
Total$23,518 $8,120 $(1,548)$999 $772 $31,861 

For the Six Months Ended June 30,
2022
(in thousands)Beginning Allowance (12/31/2021)Charge-offsRecoveriesProvisionEnding Allowance (6/30/2022)
Real Estate:
Construction & land development$769 $(65)$339 $79 $1,122 
Farmland478 — — (356)122 
1- 4 family1,921 (94)28 (204)1,651 
Multifamily940 — 452 (325)1,067 
Non-farm non-residential12,730 (519)225 (304)12,132 
Total Real Estate16,838 (678)1,044 (1,110)16,094 
Non-Real Estate:
Agricultural183 (119)111 24 199 
Commercial and industrial2,363 (208)63 425 2,643 
Commercial leases2,486 — — (97)2,389 
Consumer and other1,371 (2,265)217 2,028 1,351 
Unallocated788 — — 119 907 
Total Non-Real Estate7,191 (2,592)391 2,499 7,489 
Total$24,029 $(3,270)$1,435 $1,389 $23,583 
A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: 

As of June 30, 2023
(in thousands)Allowance
Individually
Evaluated
Allowance
Collectively Evaluated
Total Allowance
for Credit Losses
Loans
Individually
Evaluated
Loans
Collectively
Evaluated
Total Loans
before
Unearned Income
Real Estate:      
Construction & land development$— $3,860 $3,860 $68 $301,191 $301,259 
Farmland— 47 47 4,688 24,710 29,398 
1- 4 family318 5,751 6,069 3,651 402,497 406,148 
Multifamily— 2,237 2,237 537 120,805 121,342 
Non-farm non-residential935 9,003 9,938 44,099 980,974 1,025,073 
Total Real Estate1,253 20,898 22,151 53,043 1,830,177 1,883,220 
Non-Real Estate:      
Agricultural— 142 142 1,551 46,373 47,924 
Commercial and industrial560 3,243 3,803 1,761 336,262 338,023 
Commercial leases— 2,192 2,192 1,799 280,362 282,161 
Consumer and other— 1,562 1,562 — 47,771 47,771 
Unallocated— 2,011 2,011 — — — 
Total Non-Real Estate560 9,150 9,710 5,111 710,768 715,879 
Total$1,813 $30,048 $31,861 $58,154 $2,540,945 2,599,099 
Unearned Income     (8,433)
Total Loans Net of Unearned Income     $2,590,666 

All loans individually evaluated for impairment as of June 30, 2023 were considered collateral dependent loans.
 
 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 
Schedule 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 as of the date indicated: 

 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