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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 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 and nine month periods ended September 30, 2023 and September 30, 2022 .
CECL
(dollars in thousands)Balance June 30, 2023Charge-OffsRecoveries Provision for credit losses on loansBalance, September 30, 2023
Three Months Ended September 30, 2023
Construction, land & land development$2,281 $— $1 $(67)$2,215 
Other commercial real estate8,733 — 8 (21)8,720 
   Total commercial real estate11,014 — 9 (88)10,935 
Residential real estate2,642 — 3 128 2,773 
Commercial, financial & agricultural2,984 (714)13 737 3,020 
Consumer and other426 (14)5 223 640 
     Total allowance for credit losses on loans$17,066 $(728)$30 $1,000 $17,368 
(dollars in thousands)Balance December 31, 2022Adoption of ASU 2016-13Charge-OffsRecoveries Provision for credit losses on loansBalance, September 30, 2023
Nine Months Ended September 30, 2023
Construction, land & land development$1,959 $148 $— $9 $99 2,215 
Other commercial real estate8,886 (630)— 33 431 8,720 
   Total commercial real estate10,845 (482)— 42 530 10,935 
Residential real estate2,354 1,053 — 40 (674)2,773 
Commercial, financial & agricultural2,709 (690)(1,157)180 1,978 3,020 
Consumer and other220 66 (17)14 357 640 
     Total allowance for credit losses on loans$16,128 $(53)$(1,174)$276 $2,191 $17,368 
Incurred Loss
(dollars in thousands)Balance June 30, 2022Charge-OffsRecoveriesProvisionBalance, September 30, 2022
Three Months Ended September 30, 2022
Construction, land & land development$1,052 $— $5 $873 $1,930 
Other commercial real estate8,028 — 5 345 8,378 
   Total commercial real estate9,080 — 10 1,218 10,308 
Residential real estate1,488 — 23 424 1,935 
Commercial, financial & agricultural1,678 (118)7 1,163 2,730 
Consumer and other1,717 (33)10 (1,485)209 
     Total allowance for loan losses$13,963 $(151)$50 $1,320 $15,182 
(dollars in thousands)Balance December 31, 2021Charge-OffsRecoveriesProvisionBalance, September 30, 2022
Nine Months Ended September 30, 2022
Construction, land & land development$1,127 $— $16 $787 $1,930 
Other commercial real estate7,691 (58)79 666 8,378 
   Total commercial real estate8,818 (58)95 1,453 10,308 
Residential real estate1,805 (48)45 133 1,935 
Commercial, financial & agricultural1,083 (266)63 1,850 2,730 
Consumer and other1,204 (54)25 (966)209 
     Total allowance for loan losses$12,910 $(426)$228 $2,470 $15,182 
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 & 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 and nine months ended September 30, 2023.
(dollars in thousands)Total Allowance for Credit Losses-Unfunded Commitments
Three Months Ended
Balance, June 30, 2023$1,570 
Change in unfunded commitments— 
Balance, September 30, 2023$1,570 
Nine Months Ended
Balance, December 31, 2022$— 
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-131,661 
Change in unfunded commitments(91)
Balance, September 30, 2023$1,570