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Loans (Tables)
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Loans Segregated by Class
The following table presents the composition of loans segregated by class of loans, as of September 30, 2023 and December 31, 2022.
(dollars in thousands)September 30, 2023December 31, 2022
Construction, land & land development$245,268 $229,435 
Other commercial real estate969,168 975,447 
Total commercial real estate1,214,436 1,204,882 
Residential real estate339,501 290,054 
Commercial, financial & agricultural 252,725 223,923 
Consumer and other58,309 18,247 
Total Loans$1,864,971 $1,737,106 
The following table presents the composition of government guaranteed loans segregated by class of loans for each respective period.
(dollars in thousands)September 30, 2023December 31, 2022
Construction, land & land development$7,665 $5,888 
Other commercial real estate35,316 32,642 
Total commercial real estate42,981 38,530 
Residential real estate11,757 8,036 
Commercial, financial & agricultural 27,645 11,787 
Consumer and other— — 
Total Loans$82,383 $58,353 
Schedule of Loan Portfolio by Credit Quality Indicators The following table presents the loan portfolio segregated by class of loans and the risk category of term loans by vintage year, which is the year of origination or most recent renewal, as of September 30, 2023. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at September 30, 2023.
Term Loans Amortized Cost Basis by Origination Year
(dollars in thousands)20232022202120202019PriorRevolversRevolvers converted to term loansTotal
September 30, 2023
Construction, land & land development
Risk rating
Pass$93,480 $105,461 $27,729 $7,808 $1,031 $5,955 $2,535 $31 $244,030 
Special Mention— — 25 — — 33 — — 58 
Substandard— 883 5 — 21 146 125 — 1,180 
Total Construction, land & land development93,480 106,344 27,759 7,808 1,052 6,134 2,660 31 245,268 
  Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other commercial real estate
Risk rating
Pass40,254 340,854 208,444 92,693 84,083 155,802 25,603 1,079 948,812 
Special Mention— 802 419 2,128 4,550 4,696 35 — 12,630 
Substandard— 4,423 287 — — 2,758 258 — 7,726 
Total Other commercial real estate40,254 346,079 209,150 94,821 88,633 163,256 25,896 1,079 969,168 
Current period gross write offs— — — — — — — — — 
Residential real estate
Risk rating
Pass55,868 119,728 52,516 23,033 9,108 45,226 20,809 — 326,288 
Special Mention296 809 309 51 555 4,461 98 — 6,579 
Substandard253 838 208 271 277 4,777 10 — 6,634 
Total Residential real estate56,417 121,375 53,033 23,355 9,940 54,464 20,917 — 339,501 
Current period gross write offs— — — — — — — — — 
Commercial, financial & agricultural
Risk rating
Pass62,802 57,302 25,445 14,308 5,415 14,495 56,939 318 237,024 
Special Mention8,471 544 311 390 25 33 826 — 10,600 
Substandard215 88 4,190 129 30 326 98 25 5,101 
Total Commercial, financial & agricultural71,488 57,934 29,946 14,827 5,470 14,854 57,863 343 252,725 
Current period gross write offs— 692 404 — — 61 — — 1,157 
Consumer and other
Risk rating
Pass47,123 4,622 2,381 1,483 1,017 1,004 445 — 58,075 
Special Mention77 4 43 14 31 2 — — 171 
Substandard16 23 2 7 5 10 — — 63 
Total Consumer and other47,216 4,649 2,426 1,504 1,053 1,016 445 — 58,309 
Current period gross write offs— 12 1 4 — — — — 17 
Total Loans
Risk rating
Pass299,527 627,968 316,516 139,324 100,653 222,484 106,330 1,428 1,814,230 
Special Mention8,844 2,158 1,108 2,583 5,161 9,224 959 — 30,037 
Substandard484 6,255 4,692 406 333 8,018 491 25 20,704 
Total Loans$308,855 $636,381 $322,316 $142,313 $106,147 $239,726 $107,780 $1,453 $1,864,971 
Total current period gross write offs$— $705 $404 $4 $— $61 $— $— $1,174 
The following table presents the loan portfolio by credit quality indicator (risk grade) as of December 31, 2022. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined
in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at December 31, 2022.
(dollars in thousands)Special
December 31, 2022PassMentionSubstandardTotal
Construction, land & land development$228,494 $290 $651 $229,435 
Other commercial real estate951,126 17,562 6,759 975,447 
Total commercial real estate1,179,620 17,852 7,410 1,204,882 
Residential real estate277,930 6,574 5,550 290,054 
Commercial, financial & agricultural220,908 885 2,130 223,923 
Consumer and other18,157 54 $36 18,247 
Total Loans$1,696,615 $25,365 $15,126 $1,737,106 
Summary of Age Analysis of Past Due Loans The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of September 30, 2023 and December 31, 2022:
(dollars in thousands)30-89 Days
Past Due		90 Days
or More
Past Due		Total Accruing
Loans Past Due		Nonaccrual
Loans		Current LoansTotal Loans
September 30, 2023
Construction, land & land development$— $— $— $92 $245,176 $245,268 
Other commercial real estate469 — 469 1,589 967,110 969,168 
Total commercial real estate469 — 469 1,681 1,212,286 1,214,436 
Residential real estate1,185 — 1,185 3,289 335,027 339,501 
Commercial, financial & agricultural131 — 131 4,275 248,319 252,725 
Consumer and other14 9 23 21 58,265 58,309 
Total Loans$1,799 $9 $1,808 $9,266 $1,853,897 $1,864,971 
December 31, 2022
Construction, land & land development$— $— $— $149 $229,286 $229,435 
Other commercial real estate395 — 395 1,509 973,543 975,447 
Total commercial real estate395 — 395 1,658 1,202,829 1,204,882 
Residential real estate882 — 882 2,686 286,486 290,054 
Commercial, financial & agricultural476 — 476 1,341 222,106 223,923 
Consumer and other40 — 40 21 18,186 18,247 
Total Loans$1,793 $— $1,793 $5,706 $1,729,607 $1,737,106 
Summary of Nonaccrual Loans
The following table is a summary of the Company's nonaccrual loans by major categories for the periods indicated.
September 30, 2023
(dollars in thousands)Nonaccrual Loans with No Related ACLNonaccrual Loans with a Related ACLTotal Nonaccrual Loans
Construction, land & land development$28 $64 $92 
Other commercial real estate784 805 1,589 
Total commercial real estate812 869 1,681 
Residential real estate328 2,961 3,289 
Commercial, financial & agricultural620 3,655 4,275 
Consumer and other— 21 21 
Total Loans$1,760 $7,506 $9,266 
Summary of Impaired Loan Data The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022.
December 31, 2022
(dollars in thousands)Unpaid
Contractual
Principal
Balance		Recorded InvestmentRelated
Allowance		Average
Recorded
Investment
With No Related Allowance Recorded
Construction, land & land development$40 $40 $— $10 
Other commercial real estate3,754 3,754 — 5,311 
Residential real estate62 62 — 570 
Commercial, financial & agricultural— — — 306 
Consumer and other— — — 1 
3,856 3,856 — 6,198 
With An Allowance Recorded
Construction, land & land development474 474 44 177 
Other commercial real estate— — — 503 
Residential real estate— — — 588 
Commercial, financial & agricultural— — — 369 
Consumer and other— — — — 
474 474 44 1,637 
Purchased Credit Impaired Loans
Construction, land & land development— — — — 
Other commercial real estate798 798 33 760 
Residential real estate— — — 13 
Commercial, financial & agricultural— — — — 
Consumer and other— — — 65 
798 798 33 838 
Total
Construction, land & land development514 514 44 187 
Other commercial real estate4,552 4,552 33 6,574 
Residential real estate62 62 — 1,171 
Commercial, financial & agricultural— — — 675 
Consumer and other— — — 66 
$5,128 $5,128 $77 $8,673 
Summary of Loans Modified Due to Financial Difficulty
The following table presents loans modified due to a financial difficulty under the above terms during the three and nine months ended September 30, 2023.
Loans modified due to financial difficulty
(dollars in thousands)Term ExtensionTerm Extension and Payment DelayTotal*
Residential real estate$13 $— $13 
Commercial, financial & agricultural— 10 10 
Total Loans$13 $10 $23 
*less than .01% of total class of receivable