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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2023
Credit Loss [Abstract]  
Schedule of Activity in the ACL, Including the Impact of the Adoption of CECL
The following tables present the activity in the ACL, including the impact of the adoption of CECL, for the year ended December 31, 2023, and the activity for the allowance for loan losses for the years ended December 31, 2022, and December 31, 2021 (in thousands).
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2023
Beginning balance, prior to adoption of CECL$15,477 $635 $2,082 $438 $2,379 $28 $— $21,039 
Impact of adoption CECL2,686 (6)(640)237 1,661 187 — 4,125 
Provision for (recapture of) credit losses2,432 154 (1,074)(1)(1,295)19 — 235 
Charge-offs— — — (29)— (165)— (194)
Recoveries38 — — — 52 6 — 96 
Balance, end of period$20,633 $783 $368 $645 $2,797 $75 $— $25,301 
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2022
Balance, beginning of period$25,112 $611 $2,189 $165 $2,434 $18 $1,180 $31,709 
Provision for (recapture of) loan losses(6,391)24 (107)293 (239)134 (1,180)(7,466)
Charge-offs(3,282)— — (20)— (148)— (3,450)
Recoveries38 — — — 184 24 — 246 
Balance, end of period$15,477 $635 $2,082 $438 $2,379 $28 $— $21,039 
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2021
Balance, beginning of period$23,356 $1,196 $3,075 $73 $3,757 $60 $1,180 $32,697 
Provision for (recapture of) loan losses1,870 (602)(886)72 (1,490)34 — (1,002)
Charge-offs(127)— — — (16)(99)— (242)
Recoveries13 17 — 20 183 23 — 256 
Balance, end of period$25,112 $611 $2,189 $165 $2,434 $18 $1,180 $31,709 
Schedule of Allowance for Loan Losses and the Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method
The information presented in the table below is not required for periods after the adoption of CECL. The following table summarizes the allowance for loan losses and the recorded investment in loans by portfolio segment
and based on the impairment method (individually or collectively evaluated for impairment) as of December 31, 2022 (in thousands).
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherUnallocatedTotal
December 31, 2022
Allowance for loan losses
Individually evaluated for impairment$41 $102 $— $— $96 $— $— $239 
Collectively evaluated for impairment15,436 533 2,082 438 2,283 28 — 20,800 
Total ending allowance balance$15,477 $635 $2,082 $438 $2,379 $28 $— $21,039 
Loan balance:
Individually evaluated for impairment$331 $2,580 $— $— $6,158 $— $— $9,069 
Collectively evaluated for impairment1,108,984 124,534 94,450 53,514 493,204 3,466 — 1,878,152 
Total ending loan balance$1,109,315 $127,114 $94,450 $53,514 $499,362 $3,466 $— $1,887,221 
The following table presents information related to impaired loans (in thousands) by portfolio segment as of December 31, 2022 (in thousands).
Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized (1)
December 31, 2022
With no related allowance recorded:
Commercial real estate$— $— $— $— $— 
Owner-occupied commercial real estate1,184 1,394 — 1,291 97 
Acquisition, construction & development— — — — — 
Commercial & industrial— — — — — 
Single family residential (1-4 units)5,151 5,576 — 5,131 213 
Consumer non-real estate and other— — — — — 
Subtotal$6,335 $6,970 $— $6,422 $310 
With an allowance recorded:
Commercial real estate$331 $331 $41 $350 $23 
Owner-occupied commercial real estate1,397 1,397 102 1,420 74 
Acquisition, construction & development— — — — — 
Commercial & industrial— — — — — 
Single family residential (1-4 units)1,007 1,141 96 1,033 57 
Consumer non-real estate and other— — — — — 
Subtotal$2,735 $2,869 $239 $2,803 $154 
(1)Cash basis interest income recognized approximates interest income recognized shown as of the twelve months ended December 31, 2022.
The following tables present information about collateral-dependent loans that were individually evaluated for purposes of determining the ACL as of December 31, 2023 (in thousands).
Collateral Dependent Loans
With AllowanceWith No Related AllowanceTotal
Amortized CostRelated AllowanceAmortized CostAmortized CostRelated Allowance
December 31, 2023
Commercial real estate$— $— $— $— $— 
Owner-occupied commercial real estate— — 1,000 1,000 — 
Acquisition, construction & development— — — — — 
Commercial & industrial— — — — — 
Single family residential (1-4 units)— — 2,744 2,744 — 
Consumer non-real estate and other— — — — — 
Total$— $— $3,744 $3,744 $— 
Schedule of Aging and Nonaccrual Loans of the Recorded Investment in Past Due Loans
The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality. The following table presents the aging of the recorded investment in past due loans as of December 31, 2023, and December 31, 2022, by portfolio segment (in thousands).
December 31, 2023
30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueCurrent LoansTotal Loans90 Days Past Due & Still AccruingNon-accrual loans
Commercial real estate$10,496 $— $— $10,496 $1,298,588 $1,309,084 $— $— 
Owner-occupied commercial real estate— — 790 790 130,591 131,381 — 1,000 
Acquisition, construction & development— — — — 49,091 49,091 — — 
Commercial & industrial195 364 — 559 67,288 67,847 — — 
Single family residential (1-4 units)1,657 289 1,532 3,478 524,502 527,980 — 2,744 
Consumer non-real estate and other3 — — 3 2,370 2,373 — — 
Total$12,351 $653 $2,322 $15,326 $2,072,430 $2,087,756 $— $3,744 
December 31, 2022
30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueCurrent LoansTotal Loans90 Days Past Due & Still AccruingNon-accrual loans
Commercial real estate$— $— $— $— $1,109,315 $1,109,315 $— $— 
Owner-occupied commercial real estate— — — — 127,114 127,114 — 1,184 
Acquisition, construction & development— — — — 94,450 94,450 — — 
Commercial & industrial— — — — 53,514 53,514 — — 
Single family residential (1-4 units)1,403 154 546 2,103 497,259 499,362 — 4,313 
Consumer non-real estate and other— 4 — 4 3,462 3,466 — — 
Total$1,403 $158 $546 $2,107 $1,885,114 $1,887,221 $— $5,497 
Schedule of Loans by Credit Quality Indicators
The following table presents the amortized cost basis of the loan portfolio by year of origination, loan class, and credit quality, as of December 31, 2023 (in thousands).
Term Loans
20232022202120202019PriorRevolving LoansTotal
Commercial real estate
Pass$195,857 $261,817 $166,253 $22,791 $75,170 $416,774 $36,761 $1,175,423 
Special Mention— 12,235 35,449 — 4,876 — — 52,560 
Substandard— 15,420 12,847 — 2,209 50,625 — 81,101 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$195,857 $289,472 $214,549 $22,791 $82,255 $467,399 $36,761 $1,309,084 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Owner-occupied commercial real estate
Pass$9,309 $31,725 $11,229 $14,103 $10,279 $43,616 $6,184 $126,445 
Special Mention— — — — — — — — 
Substandard— 532 — — — 4,404 — 4,936 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$9,309 $32,257 $11,229 $14,103 $10,279 $48,020 $6,184 $131,381 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Acquisition, construction & development
Pass$8,535 $24,286 $13,698 $— $728 $241 $1,603 $49,091 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$8,535 $24,286 $13,698 $— $728 $241 $1,603 $49,091 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Commercial & industrial
Pass$29,111 $15,204 $4,344 $162 $15 $1,335 $16,854 $67,025 
Special Mention— — — — — — — — 
Substandard— — 822 — — — — 822 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$29,111 $15,204 $5,166 $162 $15 $1,335 $16,854 $67,847 
Year to date gross charge-offs$— $— $— $29 $— $— $— $29 
Single family residential (1-4 units)
Pass$78,222 $122,067 $60,202 $32,158 $40,938 $137,376 $54,273 $525,236 
Special Mention— — — — — — — — 
Substandard— — 291 243 — 2,171 39 2,744 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$78,222 $122,067 $60,493 $32,401 $40,938 $139,547 $54,312 $527,980 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer non-real estate and other
Pass$334 $150 $43 $151 $386 $325 $984 $2,373 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$334 $150 $43 $151 $386 $325 $984 $2,373 
Year to date gross charge-offs$— $165 $— $— $— $— $— $165 
Totals$321,368 $483,436 $305,178 $69,608 $134,601 $656,867 $116,698 $2,087,756 

The value of outstanding loans by credit quality indicators as of December 31, 2022, were as follows (in thousands):
PassSpecial MentionSubstandardDoubtfulLossTotal
December 31, 2022
Commercial real estate$1,011,025 $62,907 $35,383 $— $— $1,109,315 
Owner-occupied commercial real estate121,621 1,963 3,530 — — 127,114 
Acquisition, construction & development68,220 836 25,394 — — 94,450 
Commercial & industrial53,273 — 241 — — 53,514 
Single family residential (1-4 units)494,994 55 4,313 — — 499,362 
Consumer non-real estate and other3,466 — — — — 3,466 
Total$1,752,599 $65,761 $68,861 $— $— $1,887,221