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Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Summary of Allowance for Credit Losses The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the three month periods ended March 31, 2023 and March 31, 2022.
CECL
(dollars in thousands)Balance December 31, 2022Adoption of ASU 2016-13Charge-OffsRecoveries Provision for credit losses on loansBalance, March 31, 2023
Three Months Ended March 31, 2023
Construction, land & land development$1,959 $148 $— $3 $232 $2,342 
Other commercial real estate8,886 (630)— 14 (148)8,122 
   Total commercial real estate10,845 (482)— 17 84 10,464 
Residential real estate2,354 1,053 — 11 694 4,112 
Commercial, financial & agricultural2,709 (690)(273)7 (96)1,657 
Consumer and other220 66 (3)4 79 366 
     Total allowance for credit losses on loans$16,128 $(53)$(276)$39 $761 $16,599 
Incurred Loss
(dollars in thousands)Balance December 31, 2021Charge-OffsRecoveriesProvisionBalance, March 31, 2022
Three Months Ended March 31, 2022
Construction, land & land development$1,127 $— $6 $206 $1,339 
Other commercial real estate7,691 (58)7 (285)7,355 
   Total commercial real estate8,818 (58)13 (79)8,694 
Residential real estate1,805 (18)4 20 1,811 
Commercial, financial & agricultural1,083 (16)44 976 2,087 
Consumer and other1,204 (16)6 (867)327 
     Total allowance for loan losses$12,910 $(108)$67 $50 $12,919 
The following table represents the recorded investment in loans by portfolio segment and the balance of the allowance assigned to each segment based on the incurred loss methodology of evaluating the loans for impairment as of December 31, 2022.
(dollars in thousands)Construction, land and land developmentOther commercial real estateResidential real estateCommercial, financial & agriculturalConsumer and otherTotal
Year ended December 31, 2022
Period end amount allocated to
Individually evaluated for impairment$44 $— $— $— $— $44 
Collectively evaluated for impairment1,915 8,853 2,354 2,709 220 16,051 
Purchase credit impaired— 33 — — — 33 
Ending Balance$1,959 $8,886 $2,354 $2,709 $220 $16,128 
Loans
Individually evaluated for impairment$514 $3,754 $62 $— $— $4,330 
Collectively evaluated for impairment228,921 970,895 289,992 223,923 18,247 1,731,978 
Purchase credit impaired— 798 — — — 798 
Ending Balance$229,435 $975,447 $290,054 $223,923 $18,247 $1,737,106 
The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the three months ended March 31, 2023.
(dollars in thousands)Total Allowance for Credit Losses-Unfunded Commitments
Balance, December 31, 2022$— 
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-131,661 
Provision for unfunded commitments139 
Balance, March 31, 2023$1,800