Schedule of Past Due Financial Receivables |
The following tables present an analysis of past-due loans as of December 31, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Loans 30-59 Days Past Due | | Loans 60-89 Days Past Due | | Loans 90 or More Days Past Due | | Total Loans Past Due | | Current Loans | | Total Loans | | Loans 90 Days or More Past Due and Still Accruing | December 31, 2023 | | | | | | | | | | | | | | Commercial, financial and agricultural | $ | 11,023 | | | $ | 5,439 | | | $ | 9,733 | | | $ | 26,195 | | | $ | 2,662,734 | | | $ | 2,688,929 | | | $ | 5,310 | | Consumer | 2,155 | | | 1,037 | | | 498 | | | 3,690 | | | 237,862 | | | 241,552 | | | — | | Indirect automobile | 153 | | | 17 | | | 78 | | | 248 | | | 34,009 | | | 34,257 | | | — | | Mortgage warehouse | — | | | — | | | — | | | — | | | 818,728 | | | 818,728 | | | — | | Municipal | — | | | — | | | — | | | — | | | 492,668 | | | 492,668 | | | — | | Premium finance | 12,379 | | | 6,832 | | | 11,678 | | | 30,889 | | | 915,673 | | | 946,562 | | | 11,678 | | Real estate – construction and development | 2,094 | | | — | | | 282 | | | 2,376 | | | 2,126,811 | | | 2,129,187 | | | — | | Real estate – commercial and farmland | 5,070 | | | 1,656 | | | 6,352 | | | 13,078 | | | 8,046,676 | | | 8,059,754 | | | — | | Real estate – residential | 49,976 | | | 19,300 | | | 127,087 | | | 196,363 | | | 4,661,303 | | | 4,857,666 | | | — | | Total | $ | 82,850 | | | $ | 34,281 | | | $ | 155,708 | | | $ | 272,839 | | | $ | 19,996,464 | | | $ | 20,269,303 | | | $ | 16,988 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Loans 30-59 Days Past Due | | Loans 60-89 Days Past Due | | Loans 90 or More Days Past Due | | Total Loans Past Due | | Current Loans | | Total Loans | | Loans 90 Days or More Past Due and Still Accruing | December 31, 2022 | | | | | | | | | | | | | | Commercial, financial and agricultural | $ | 16,219 | | | $ | 5,451 | | | $ | 11,632 | | | $ | 33,302 | | | $ | 2,646,101 | | | $ | 2,679,403 | | | $ | 3,267 | | Consumer | 2,539 | | | 3,163 | | | 741 | | | 6,443 | | | 377,594 | | | 384,037 | | | 472 | | Indirect automobile | 466 | | | 77 | | | 267 | | | 810 | | | 107,838 | | | 108,648 | | | — | | Mortgage warehouse | — | | | — | | | — | | | — | | | 1,038,924 | | | 1,038,924 | | | — | | Municipal | — | | | — | | | — | | | — | | | 509,151 | | | 509,151 | | | — | | Premium finance | 13,859 | | | 10,620 | | | 13,626 | | | 38,105 | | | 985,374 | | | 1,023,479 | | | 13,626 | | Real estate – construction and development | 25,367 | | | 3,829 | | | 966 | | | 30,162 | | | 2,056,276 | | | 2,086,438 | | | 500 | | Real estate – commercial and farmland | 1,738 | | | 168 | | | 10,223 | | | 12,129 | | | 7,592,738 | | | 7,604,867 | | | — | | Real estate – residential | 35,015 | | | 11,329 | | | 106,170 | | | 152,514 | | | 4,267,792 | | | 4,420,306 | | | — | | Total | $ | 95,203 | | | $ | 34,637 | | | $ | 143,625 | | | $ | 273,465 | | | $ | 19,581,788 | | | $ | 19,855,253 | | | $ | 17,865 | |
|
Schedule of Credit Quality Indicate Financial Receivable |
The following table presents the loan portfolio's amortized cost by class of financing receivable, risk grade and year of origination (in thousands). Generally, current period renewals of credit are underwritten again at the point of renewal and considered current period originations for purposes of the table below. The Company had an immaterial amount of revolving loans which converted to term loans and the amortized cost basis of those loans is included in the applicable origination year. There were no loans risk graded 8 or 9 at December 31, 2023 and 2022. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | Revolving Loans Amortized Cost Basis | | | | Total | As of December 31, 2023 | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | | | Commercial, Financial and Agricultural | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 892,951 | | | $ | 758,471 | | | $ | 384,830 | | | $ | 95,055 | | | $ | 56,447 | | | $ | 41,095 | | | $ | 432,472 | | | | | $ | 2,661,321 | | 6 | | — | | | 335 | | | 5,722 | | | 92 | | | 109 | | | 451 | | | 803 | | | | | 7,512 | | 7 | | 1,512 | | | 3,595 | | | 3,222 | | | 1,140 | | | 3,533 | | | 5,748 | | | 1,346 | | | | | 20,096 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total commercial, financial and agricultural | | $ | 894,463 | | | $ | 762,401 | | | $ | 393,774 | | | $ | 96,287 | | | $ | 60,089 | | | $ | 47,294 | | | $ | 434,621 | | | | | $ | 2,688,929 | | Current-period gross charge offs | | $ | 7,485 | | | $ | 26,331 | | | $ | 18,263 | | | $ | 1,746 | | | $ | 1,568 | | | $ | 2,851 | | | $ | 368 | | | | | $ | 58,612 | | Consumer | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 44,736 | | | $ | 17,661 | | | $ | 5,878 | | | $ | 25,654 | | | $ | 15,838 | | | $ | 20,937 | | | $ | 109,214 | | | | | $ | 239,918 | | 6 | | — | | | 5 | | | — | | | — | | | — | | | 26 | | | — | | | | | 31 | | 7 | | 154 | | | 181 | | | 41 | | | 334 | | | 197 | | | 531 | | | 165 | | | | | 1,603 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total consumer | | $ | 44,890 | | | $ | 17,847 | | | $ | 5,919 | | | $ | 25,988 | | | $ | 16,035 | | | $ | 21,494 | | | $ | 109,379 | | | | | $ | 241,552 | | Current-period gross charge offs | | $ | 115 | | | $ | 388 | | | $ | 97 | | | $ | 1,649 | | | $ | 1,205 | | | $ | 1,474 | | | $ | 370 | | | | | $ | 5,298 | | Indirect Automobile | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,086 | | | $ | 27,646 | | | $ | — | | | | | $ | 33,732 | | | | | | | | | | | | | | | | | | | | | 7 | | — | | | — | | | — | | | — | | | 55 | | | 470 | | | — | | | | | 525 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total indirect automobile | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,141 | | | $ | 28,116 | | | $ | — | | | | | $ | 34,257 | | Current-period gross charge offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 155 | | | $ | — | | | | | $ | 155 | | Mortgage Warehouse | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 772,366 | | | | | $ | 772,366 | | 6 | | — | | | — | | | — | | | — | | | — | | | — | | | 46,362 | | | | | 46,362 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage warehouse | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 818,728 | | | | | $ | 818,728 | | Current-period gross charge offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | — | | Municipal | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 14,216 | | | $ | 27,346 | | | $ | 48,941 | | | $ | 177,156 | | | $ | 14,655 | | | $ | 208,236 | | | $ | 2,118 | | | | | $ | 492,668 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total municipal | | $ | 14,216 | | | $ | 27,346 | | | $ | 48,941 | | | $ | 177,156 | | | $ | 14,655 | | | $ | 208,236 | | | $ | 2,118 | | | | | $ | 492,668 | | Current-period gross charge offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Premium Finance | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 928,930 | | | $ | 4,038 | | | $ | 1,916 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 934,884 | | | | | | | | | | | | | | | | | | | | | 7 | | 10,777 | | | 901 | | | — | | | — | | | — | | | — | | | — | | | | | 11,678 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total premium finance | | $ | 939,707 | | | $ | 4,939 | | | $ | 1,916 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 946,562 | | Current-period gross charge offs | | $ | 942 | | | $ | 5,316 | | | $ | 309 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 6,567 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | Revolving Loans Amortized Cost Basis | | | | Total | As of December 31, 2023 | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | | | Real Estate – Construction and Development | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 457,077 | | | $ | 938,909 | | | $ | 505,254 | | | $ | 58,840 | | | $ | 54,646 | | | $ | 30,042 | | | $ | 81,662 | | | | | $ | 2,126,430 | | 6 | | — | | | — | | | — | | | — | | | — | | | 479 | | | — | | | | | 479 | | 7 | | — | | | 266 | | | 1,512 | | | — | | | — | | | 500 | | | — | | | | | 2,278 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total real estate – construction and development | | $ | 457,077 | | | $ | 939,175 | | | $ | 506,766 | | | $ | 58,840 | | | $ | 54,646 | | | $ | 31,021 | | | $ | 81,662 | | | | | $ | 2,129,187 | | Current-period gross charge offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | — | | Real Estate – Commercial and Farmland | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 450,315 | | | $ | 1,890,498 | | | $ | 2,133,833 | | | $ | 1,090,735 | | | $ | 765,640 | | | $ | 1,437,323 | | | $ | 100,206 | | | | | $ | 7,868,550 | | 6 | | — | | | 17,131 | | | 53,329 | | | — | | | 30,200 | | | 46,370 | | | — | | | | | 147,030 | | 7 | | 428 | | | 418 | | | 15,578 | | | 2,660 | | | 6,106 | | | 18,984 | | | — | | | | | 44,174 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total real estate – commercial and farmland | | $ | 450,743 | | | $ | 1,908,047 | | | $ | 2,202,740 | | | $ | 1,093,395 | | | $ | 801,946 | | | $ | 1,502,677 | | | $ | 100,206 | | | | | $ | 8,059,754 | | Current-period gross charge offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,151 | | | $ | 1,136 | | | $ | 40 | | | | | $ | 4,327 | | Real Estate - Residential | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 714,684 | | | $ | 1,425,186 | | | $ | 1,148,092 | | | $ | 506,137 | | | $ | 236,147 | | | $ | 423,648 | | | $ | 262,968 | | | | | $ | 4,716,862 | | 6 | | 13 | | | — | | | 72 | | | 201 | | | 234 | | | 1,411 | | | 380 | | | | | 2,311 | | 7 | | 5,057 | | | 26,171 | | | 28,459 | | | 30,566 | | | 19,357 | | | 25,263 | | | 3,620 | | | | | 138,493 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total real estate - residential | | $ | 719,754 | | | $ | 1,451,357 | | | $ | 1,176,623 | | | $ | 536,904 | | | $ | 255,738 | | | $ | 450,322 | | | $ | 266,968 | | | | | $ | 4,857,666 | | Current-period gross charge offs | | $ | 24 | | | $ | 8 | | | $ | 27 | | | $ | — | | | $ | — | | | $ | 111 | | | $ | 89 | | | | | $ | 259 | | Total Loans | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 3,502,909 | | | $ | 5,062,109 | | | $ | 4,228,744 | | | $ | 1,953,577 | | | $ | 1,149,459 | | | $ | 2,188,927 | | | $ | 1,761,006 | | | | | $ | 19,846,731 | | 6 | | 13 | | | 17,471 | | | 59,123 | | | 293 | | | 30,543 | | | 48,737 | | | 47,545 | | | | | 203,725 | | 7 | | 17,928 | | | 31,532 | | | 48,812 | | | 34,700 | | | 29,248 | | | 51,496 | | | 5,131 | | | | | 218,847 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | 3,520,850 | | | $ | 5,111,112 | | | $ | 4,336,679 | | | $ | 1,988,570 | | | $ | 1,209,250 | | | $ | 2,289,160 | | | $ | 1,813,682 | | | | | $ | 20,269,303 | | Current-period gross charge offs | | $ | 8,566 | | | $ | 32,043 | | | $ | 18,696 | | | $ | 3,395 | | | $ | 5,924 | | | $ | 5,727 | | | $ | 867 | | | | | $ | 75,218 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | Revolving Loans Amortized Cost Basis | | | | Total | As of December 31, 2022 | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | | | Commercial, Financial and Agricultural | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,127,120 | | | $ | 526,043 | | | $ | 174,120 | | | $ | 109,091 | | | $ | 56,657 | | | $ | 41,612 | | | $ | 621,784 | | | | | $ | 2,656,427 | | 6 | | — | | | 13 | | | 94 | | | 183 | | | 895 | | | 1,774 | | | 317 | | | | | 3,276 | | 7 | | 8,565 | | | 1,214 | | | 1,182 | | | 3,314 | | | 545 | | | 2,759 | | | 2,121 | | | | | 19,700 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total commercial, financial and agricultural | | $ | 1,135,685 | | | $ | 527,270 | | | $ | 175,396 | | | $ | 112,588 | | | $ | 58,097 | | | $ | 46,145 | | | $ | 624,222 | | | | | $ | 2,679,403 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | Revolving Loans Amortized Cost Basis | | | | Total | As of December 31, 2022 | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | | | Consumer | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 41,487 | | | $ | 12,692 | | | $ | 37,906 | | | $ | 23,454 | | | $ | 17,144 | | | $ | 13,825 | | | $ | 236,113 | | | | | $ | 382,621 | | 6 | | 38 | | | — | | | — | | | — | | | — | | | 98 | | | 196 | | | | | 332 | | 7 | | 68 | | | 62 | | | 216 | | | 106 | | | 118 | | | 431 | | | 83 | | | | | 1,084 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total consumer | | $ | 41,593 | | | $ | 12,754 | | | $ | 38,122 | | | $ | 23,560 | | | $ | 17,262 | | | $ | 14,354 | | | $ | 236,392 | | | | | $ | 384,037 | | Indirect Automobile | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | | $ | — | | | $ | — | | | $ | 11,900 | | | $ | 50,749 | | | $ | 45,120 | | | $ | — | | | | | $ | 107,769 | | 6 | | — | | | — | | | — | | | — | | | — | | | 11 | | | — | | | | | 11 | | 7 | | — | | | — | | | — | | | 41 | | | 149 | | | 678 | | | — | | | | | 868 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total indirect automobile | | $ | — | | | $ | — | | | $ | — | | | $ | 11,941 | | | $ | 50,898 | | | $ | 45,809 | | | $ | — | | | | | $ | 108,648 | | Mortgage Warehouse | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 990,106 | | | | | $ | 990,106 | | 6 | | — | | | — | | | — | | | — | | | — | | | — | | | 22,831 | | | | | 22,831 | | 7 | | — | | | — | | | — | | | — | | | — | | | — | | | 25,987 | | | | | 25,987 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage warehouse | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,038,924 | | | | | $ | 1,038,924 | | Municipal | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 18,074 | | | $ | 46,809 | | | $ | 188,507 | | | $ | 9,752 | | | $ | 4,358 | | | $ | 241,651 | | | $ | — | | | | | $ | 509,151 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total municipal | | $ | 18,074 | | | $ | 46,809 | | | $ | 188,507 | | | $ | 9,752 | | | $ | 4,358 | | | $ | 241,651 | | | $ | — | | | | | $ | 509,151 | | Premium Finance | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,000,214 | | | $ | 9,667 | | | $ | 12 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 1,009,893 | | | | | | | | | | | | | | | | | | | | | 7 | | 13,051 | | | 535 | | | — | | | — | | | — | | | — | | | — | | | | | 13,586 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total premium finance | | $ | 1,013,265 | | | $ | 10,202 | | | $ | 12 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 1,023,479 | | Real Estate – Construction and Development | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 834,831 | | | $ | 793,723 | | | $ | 306,084 | | | $ | 69,596 | | | $ | 7,934 | | | $ | 31,490 | | | $ | 27,474 | | | | | $ | 2,071,132 | | 6 | | 277 | | | — | | | — | | | — | | | 173 | | | 165 | | | — | | | | | 615 | | 7 | | — | | | 783 | | | 164 | | | 5 | | | 13,159 | | | 580 | | | — | | | | | 14,691 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total real estate – construction and development | | $ | 835,108 | | | $ | 794,506 | | | $ | 306,248 | | | $ | 69,601 | | | $ | 21,266 | | | $ | 32,235 | | | $ | 27,474 | | | | | $ | 2,086,438 | | Real Estate – Commercial and Farmland | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,739,021 | | | $ | 1,975,003 | | | $ | 1,085,086 | | | $ | 869,116 | | | $ | 447,311 | | | $ | 1,259,763 | | | $ | 110,848 | | | | | $ | 7,486,148 | | 6 | | 607 | | | 17,974 | | | — | | | 30,841 | | | 4,801 | | | 18,289 | | | — | | | | | 72,512 | | 7 | | 387 | | | 2,810 | | | 3,078 | | | 12,007 | | | 6,527 | | | 21,398 | | | — | | | | | 46,207 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total real estate – commercial and farmland | | $ | 1,740,015 | | | $ | 1,995,787 | | | $ | 1,088,164 | | | $ | 911,964 | | | $ | 458,639 | | | $ | 1,299,450 | | | $ | 110,848 | | | | | $ | 7,604,867 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | Revolving Loans Amortized Cost Basis | | | | Total | As of December 31, 2022 | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | | | Real Estate - Residential | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,524,021 | | | $ | 1,214,724 | | | $ | 548,968 | | | $ | 268,821 | | | $ | 115,693 | | | $ | 393,570 | | | $ | 234,684 | | | | | $ | 4,300,481 | | 6 | | 236 | | | 145 | | | 94 | | | 688 | | | 364 | | | 2,910 | | | 600 | | | | | 5,037 | | 7 | | 6,735 | | | 21,283 | | | 25,860 | | | 27,173 | | | 14,396 | | | 17,665 | | | 1,676 | | | | | 114,788 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total real estate - residential | | $ | 1,530,992 | | | $ | 1,236,152 | | | $ | 574,922 | | | $ | 296,682 | | | $ | 130,453 | | | $ | 414,145 | | | $ | 236,960 | | | | | $ | 4,420,306 | | Total Loans | Risk Grade: | | | | | | | | | | | | | | | | | | | Pass | | $ | 6,284,768 | | | $ | 4,578,661 | | | $ | 2,340,683 | | | $ | 1,361,730 | | | $ | 699,846 | | | $ | 2,027,031 | | | $ | 2,221,009 | | | | | $ | 19,513,728 | | 6 | | 1,158 | | | 18,132 | | | 188 | | | 31,712 | | | 6,233 | | | 23,247 | | | 23,944 | | | | | 104,614 | | 7 | | 28,806 | | | 26,687 | | | 30,500 | | | 42,646 | | | 34,894 | | | 43,511 | | | 29,867 | | | | | 236,911 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | 6,314,732 | | | $ | 4,623,480 | | | $ | 2,371,371 | | | $ | 1,436,088 | | | $ | 740,973 | | | $ | 2,093,789 | | | $ | 2,274,820 | | | | | $ | 19,855,253 | |
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Schedule of Allowances for Loan Losses by Portfolio Segment |
The following table details activity in the allowance for credit losses by portfolio segment for the periods indicated. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Commercial, Financial and Agricultural | | Consumer | | Indirect Automobile | | Mortgage Warehouse | | Municipal | | Premium Finance | Balance, December 31, 2022 | $ | 39,455 | | | $ | 5,413 | | | $ | 174 | | | $ | 2,118 | | | $ | 357 | | | $ | 1,025 | | Adjustment to allowance for adoption of ASU 2022-02 | (105) | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Provision for loan losses | 68,349 | | | 2,963 | | | (745) | | | (440) | | | (12) | | | 343 | | Loans charged off | (58,612) | | | (5,298) | | | (155) | | | — | | | — | | | (6,567) | | Recoveries of loans previously charged off | 14,966 | | | 824 | | | 776 | | | — | | | — | | | 5,801 | | Balance, December 31, 2023 | $ | 64,053 | | | $ | 3,902 | | | $ | 50 | | | $ | 1,678 | | | $ | 345 | | | $ | 602 | | | | | | | | | | | | | | | Real Estate – Construction and Development | | Real Estate – Commercial and Farmland | | Real Estate – Residential | | Total | | | | | Balance, December 31, 2022 | $ | 32,659 | | | $ | 67,433 | | | $ | 57,043 | | | $ | 205,677 | | | | | | Adjustment to allowance for adoption of ASU 2022-02 | (37) | | | (722) | | | (847) | | | (1,711) | | | | | | | | | | | | | | | | | | Provision for loan losses | 27,446 | | | 47,079 | | | 8,532 | | | 153,515 | | | | | | Loans charged off | — | | | (4,327) | | | (259) | | | (75,218) | | | | | | Recoveries of loans previously charged off | 949 | | | 634 | | | 887 | | | 24,837 | | | | | | Balance, December 31, 2023 | $ | 61,017 | | | $ | 110,097 | | | $ | 65,356 | | | $ | 307,100 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Commercial, Financial and Agricultural | | Consumer | | Indirect Automobile | | Mortgage Warehouse | | Municipal | | Premium Finance | Year ended December 31, 2022 | | | | | | | | | | | | Balance, January 1, 2022 | $ | 26,829 | | | $ | 6,097 | | | $ | 476 | | | $ | 3,231 | | | $ | 401 | | | $ | 2,729 | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for loan losses | 21,307 | | | 3,360 | | | (1,082) | | | (1,113) | | | (44) | | | (1,317) | | Loans charged off | (18,635) | | | (4,926) | | | (265) | | | — | | | — | | | (5,452) | | Recoveries of loans previously charged off | 9,954 | | | 882 | | | 1,045 | | | — | | | — | | | 5,065 | | Balance, December 31, 2022 | $ | 39,455 | | | $ | 5,413 | | | $ | 174 | | | $ | 2,118 | | | $ | 357 | | | $ | 1,025 | | | | | | | | | | | | | | | Real Estate – Construction and Development | | Real Estate – Commercial and Farmland | | Real Estate – Residential | | Total | | | | | Year ended December 31, 2022 | | | | | | | | | | | | Balance, January 1, 2022 | $ | 22,045 | | | $ | 77,831 | | | $ | 27,943 | | | $ | 167,582 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for loan losses | 9,749 | | | (7,049) | | | 28,799 | | | 52,610 | | | | | | Loans charged off | (27) | | | (3,574) | | | (196) | | | (33,075) | | | | | | Recoveries of loans previously charged off | 892 | | | 225 | | | 497 | | | 18,560 | | | | | | Balance, December 31, 2022 | $ | 32,659 | | | $ | 67,433 | | | $ | 57,043 | | | $ | 205,677 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Commercial, Financial and Agricultural | | Consumer | | Indirect Automobile | | Mortgage Warehouse | | Municipal | | Premium Finance | Year ended December 31, 2021 | | | | | | | | | | | | Balance, January 1, 2021 | $ | 7,359 | | | $ | 4,076 | | | $ | 1,929 | | | $ | 3,666 | | | $ | 791 | | | $ | 3,879 | | | | | | | | | | | | | | Provision for loan losses | 12,071 | | | 7,330 | | | (1,944) | | | (435) | | | (390) | | | (2,352) | | Initial allowance for PCD assets | 9,432 | | | — | | | — | | | — | | | — | | | — | | Loans charged off | (7,760) | | | (6,248) | | | (1,188) | | | — | | | — | | | (3,668) | | Recoveries of loans previously charged off | 5,727 | | | 939 | | | 1,679 | | | — | | | — | | | 4,870 | | Balance, December 31, 2021 | $ | 26,829 | | | $ | 6,097 | | | $ | 476 | | | $ | 3,231 | | | $ | 401 | | | $ | 2,729 | | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate – Construction and Development | | Real Estate – Commercial and Farmland | | Real Estate – Residential | | Total | | | | | Year ended December 31, 2021 | | | | | | | | | | | | Balance, January 1, 2021 | $ | 45,304 | | | $ | 88,894 | | | $ | 43,524 | | | $ | 199,422 | | | | | | | | | | | | | | | | | | Provision for loan losses | (23,532) | | | (9,784) | | | (16,045) | | | (35,081) | | | | | | Initial allowance for PCD assets | — | | | — | | | — | | | 9,432 | | | | | | Loans charged off | (233) | | | (1,852) | | | (667) | | | (21,616) | | | | | | Recoveries of loans previously charged off | 506 | | | 573 | | | 1,131 | | | 15,425 | | | | | | Balance, December 31, 2021 | $ | 22,045 | | | $ | 77,831 | | | $ | 27,943 | | | $ | 167,582 | | | | | | | | | | | | | | | | | |
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