Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and March 31, 2023 .

(dollars in thousands)	Balance December 31, 2023		Charge-Offs		Recoveries		Provision for credit losses on loans		Balance, March 31, 2024
Three Months Ended March 31, 2024
Construction, land & land development	$	2,204	$	—	$	1	$	(159)	$	2,046
Other commercial real estate	7,064		(20)		9		336		7,389
Total commercial real estate	9,268		(20)		10		177		9,435
Residential real estate	5,105		(70)		168		124		5,327
Commercial, financial & agricultural	2,110		(658)		22		546		2,020
Consumer and other	1,888		(120)		4		103		1,875
Total allowance for credit losses on loans	$	18,371	$	(868)	$	204	$	950	$	18,657

(dollars in thousands) Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries  Provision for credit losses on loans Balance, September 30, 2023

(dollars in thousands)	Balance December 31, 2022		Adoption of ASU 2016-13		Charge-Offs		Recoveries		Provision for credit losses on loans		Balance, March 31, 2023
Three Months Ended March 31, 2023
Construction, land & land development	$	1,959	$	148	$	—	$	3	$	232	$	2,342
Other commercial real estate	8,886		(630)		—		14		(148)		8,122
Total commercial real estate	10,845		(482)		—		17		84		10,464
Residential real estate	2,354		1,053		—		11		694		4,112
Commercial, financial & agricultural	2,709		(690)		(273)		7		(96)		1,657
Consumer and other	220		66		(3)		4		79		366
Total allowance for loan losses	$	16,128	$	(53)	$	(276)	$	39	$	761	$	16,599

(dollars in thousands) Balance December 31, 2021 Charge-Offs Recoveries Provision Balance, September 30, 2022

The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the three month periods ended March 31, 2024 and March 31, 2023.

(dollars in thousands)	Total Allowance for Credit Losses-Unfunded Commitments
Three Months Ended
Balance, December 31, 2023	$	1,375
Change in unfunded commitments	50
Balance, March 31, 2024	$	1,425
Three Months Ended
Balance, December 31, 2022	$	—
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13	1,661
Change in unfunded commitments	139
Balance, March 31, 2023	$	1,800