XML 51 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of Detail Activity in Allowance for Loan Losses The following table presents the balance sheet activity in the ACL by portfolio segment for loans, using the CECL methodology for the year ended December 31, 2023.
 
CECL
(dollars in thousands)Balance, December 31, 2022Adoption of ASU 2016-13Charge-offsRecoveriesProvision for credit losses on loansBalance, December 31, 2023
Year ended December 31, 2023      
Construction, land & land development$1,959 $148 $— $10 $87 $2,204 
Other commercial real estate8,886 (630)(69)42 (1,165)7,064 
  Total commercial real estate10,845 (482)(69)52 (1,078)9,268 
Residential real estate2,354 1,053 (771)79 2,390 5,105 
Commercial, financial & agricultural2,709 (690)(1,069)201 959 2,110 
Consumer and other220 66 (35)22 1,615 1,888 
Total allowance for credit losses on loans$16,128 $(53)$(1,944)$354 $3,886 $18,371 
The following table details activity in the allowance for loan losses, segregated by class of loans, using the incurred loss methodology for the year ended December 31, 2022. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other loan categories and periodically may result in reallocation within the provision categories.
Incurred Loss
(dollars in thousands)Balance, December 31, 2021Charge-offsRecoveriesProvisionBalance, December 31, 2022
Year ended December 31, 2022
Construction, land & land development$1,127 $— $25 $807 $1,959 
Other commercial real estate7,691 (58)85 1,168 8,886 
  Total commercial real estate8,818 (58)110 1,975 10,845 
Residential real estate1,805 (48)50 547 2,354 
Commercial, financial & agricultural1,083 (314)139 1,801 2,709 
Consumer and other1,204 (60)29 (953)220 
Total allowance for loan losses$12,910 $(480)$328 $3,370 $16,128 
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
development		Other
commercial
real estate		Residential
real estate		Commercial,
financial &
agricultural		Consumer and
other		Total
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:      
Loans individually evaluated for impairment$514 $3,754 $62 $— $— $4,330 
Loans 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 year ended December 31, 2023.

(dollars in thousands)Total Allowance for Credit Losses-Unfunded Commitments
Year Ended
Balance, December 31, 2022$— 
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-131,661 
Change in unfunded commitments(286)
Balance, December 31, 2023$1,375