LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2022

Loans Held For Investment And Allowance For Credit Losses [Abstract]

Schedule of composition of the loan portfolio

(Dollars in Thousands)

June 30, 2022

December 31, 2021

Commercial, Financial and Agricultural

$

247,902

$

223,086

Real Estate – Construction

225,664

174,394

Real Estate – Commercial Mortgage

699,093

663,550

Real Estate – Residential

(1)

484,975

360,021

Real Estate – Home Equity

194,658

187,821

Consumer

(2)

361,361

322,593

Loans Held For Investment, Net of Unearned Income

$

2,213,653

$

1,931,465

(1)

Includes loans in process balances of $

7.2

 million and $

13.6

 million at June 30, 2022 and December 31, 2021, respectively.

(2)

Includes overdraft balances of $

1.5

 million and $

1.1

 million at June 30, 2022 and December 31, 2021, respectively.

Schedule of activity in the allowance for loan losses by portfolio class

Commercial,

Real Estate

Financial, 

Real Estate

Commercial 

Real Estate

Real Estate

(Dollars in Thousands)

Agricultural

Construction

Mortgage

Residential

Home Equity

Consumer

Total

Three Months Ended

June 30, 2022

Beginning Balance

$

2,122

$

2,596

$

5,392

$

4,470

$

1,916

$

4,260

$

20,756

Provision for Credit Losses

564

542

(396)

1,060

(223)

123

1,670

Charge-Offs

(1,104)

-

-

-

-

(1,193)

(2,297)

Recoveries 

59

-

56

115

67

855

1,152

Net (Charge-Offs) Recoveries

(1,045)

-

56

115

67

(338)

(1,145)

Ending Balance

$

1,641

$

3,138

$

5,052

$

5,645

$

1,760

$

4,045

$

21,281

Six Months Ended 

June 30, 2022

Beginning Balance

$

2,191

$

3,302

$

5,810

$

4,129

$

2,296

$

3,878

$

21,606

Provision for Credit Losses

403

(172)

(577)

1,374

(628)

1,191

1,591

Charge-Offs

(1,177)

-

(266)

-

(33)

(2,595)

(4,071)

Recoveries

224

8

85

142

125

1,571

2,155

Net (Charge-Offs) Recoveries

(953)

8

(181)

142

92

(1,024)

(1,916)

Ending Balance

$

1,641

$

3,138

$

5,052

$

5,645

$

1,760

$

4,045

$

21,281

Three Months Ended

June 30, 2021

Beginning Balance

$

1,957

$

2,254

$

6,956

$

5,204

$

2,575

$

3,080

$

22,026

Provision for Credit Losses

(56)

505

587

(1,030)

(114)

(76)

(184)

Charge-Offs

(32)

-

-

(65)

(74)

(670)

(841)

Recoveries 

103

-

26

244

70

731

1,174

Net Charge-Offs

71

-

26

179

(4)

61

333

Ending Balance

$

1,972

$

2,759

$

7,569

$

4,353

$

2,457

$

3,065

$

22,175

Six Months Ended 

June 30, 2021

Beginning Balance

$

2,204

$

2,479

$

7,029

$

5,440

$

3,111

$

3,553

$

23,816

Provision for Credit Losses

(370)

280

(131)

(1,335)

(769)

(171)

(2,496)

Charge-Offs

(101)

-

-

(71)

(79)

(1,726)

(1,977)

Recoveries

239

-

671

319

194

1,409

2,832

Net Charge-Offs

138

-

671

248

115

(317)

855

Ending Balance

$

1,972

$

2,759

$

7,569

$

4,353

$

2,457

$

3,065

$

22,175

Schedule of aging of the recorded investment in accruing past due loans by class of loans

30-59 

60-89 

90 + 

Total

Total

Nonaccrual

Total

(Dollars in Thousands)

DPD

DPD

DPD

Past Due

Current

Loans

Loans

June 30, 2022

Commercial, Financial and Agricultural

$

166

$

27

$

-

$

193

$

247,638

$

71

$

247,902

Real Estate – Construction

-

-

-

-

225,664

-

225,664

Real Estate – Commercial Mortgage

358

-

-

358

698,305

430

699,093

Real Estate – Residential

236

-

-

236

483,064

1,675

484,975

Real Estate – Home Equity

225

-

-

225

193,700

733

194,658

Consumer

1,906

636

-

2,542

358,587

232

361,361

Total

$

2,891

$

663

$

-

$

3,554

$

2,206,958

$

3,141

$

2,213,653

December 31, 2021

Commercial, Financial and Agricultural

$

100

$

23

$

-

$

123

$

222,873

$

90

$

223,086

Real Estate – Construction

-

-

-

-

174,394

-

174,394

Real Estate – Commercial Mortgage

151

-

-

151

662,795

604

663,550

Real Estate – Residential

365

151

-

516

357,408

2,097

360,021

Real Estate – Home Equity

210

-

-

210

186,292

1,319

187,821

Consumer

1,964

636

-

2,600

319,781

212

322,593

Total 

$

2,790

$

810

$

-

$

3,600

$

1,923,543

$

4,322

$

1,931,465

Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans

June 30, 2022

December 31, 2021

Nonaccrual

Nonaccrual

Nonaccrual

Nonaccrual

With No

With

90 + Days

With No

With

90 + Days

(Dollars in Thousands)

ACL

ACL

Still Accruing

ACL

ACL

Still Accruing

Commercial, Financial and Agricultural

$

-

$

71

$

-

$

67

$

23

$

-

Real Estate – Construction

-

-

-

-

-

-

Real Estate – Commercial Mortgage

-

430

-

-

604

-

Real Estate – Residential

1,508

167

-

928

1,169

-

Real Estate – Home Equity

-

733

-

463

856

-

Consumer

-

232

-

-

212

-

Total Nonaccrual Loans

$

1,508

$

1,633

$

-

$

1,458

$

2,864

$

-

Amortized cost basis of collateral-dependent loans

June 30, 2022

December 31, 2021

Real Estate

Non Real Estate

Real Estate

Non Real Estate

(Dollars in Thousands)

Secured

Secured

Secured

Secured

Commercial, Financial and Agricultural

$

-

$

-

$

-

$

67

Real Estate – Construction

-

-

-

-

Real Estate – Commercial Mortgage

-

-

455

-

Real Estate – Residential

697

-

1,645

-

Real Estate – Home Equity

598

-

649

-

Consumer

-

-

-

-

Total Collateral Dependent Loans

$

1,295

$

-

$

2,749

$

67

Summary of gross loans held for investment by years of origination

Term Loans by Origination Year

Revolving

(Dollars in Thousands)

2022

2021

2020

2019

2018

Prior

Loans

Total

Commercial, Financial,

Agriculture:

Pass

$

49,887

$

54,079

$

25,439

$

21,041

$

15,004

$

15,218

$

66,828

$

247,496

Special Mention

-

-

-

9

-

23

117

149

Substandard

-

-

8

-

122

127

-

257

Total

$

49,887

$

54,079

$

25,447

$

21,050

$

15,126

$

15,368

$

66,945

$

247,902

Real Estate -

Construction:

Pass

$

57,643

$

107,385

$

48,432

$

8,482

$

-

$

126

$

2,905

$

224,973

Special Mention

-

-

691

-

-

-

-

691

Total

$

57,643

$

107,385

$

49,123

$

8,482

$

-

$

126

$

2,905

$

225,664

Real Estate -

Commercial Mortgage:

Pass

$

124,927

$

155,769

$

116,218

$

66,400

$

67,022

$

119,767

$

25,115

$

675,218

Special Mention

224

1,133

235

1,740

742

6,862

1,493

12,429

Substandard

7,510

1,788

402

631

-

1,047

68

11,446

Total

$

132,661

$

158,690

$

116,855

$

68,771

$

67,764

$

127,676

$

26,676

$

699,093

Real Estate - Residential:

Pass

$

183,113

$

106,587

$

51,210

$

31,925

$

22,142

$

74,104

$

7,508

$

476,589

Special Mention

59

-

130

17

59

562

-

827

Substandard

119

1,076

976

935

895

3,558

-

7,559

Total 

$

183,291

$

107,663

$

52,316

$

32,877

$

23,096

$

78,224

$

7,508

$

484,975

Real Estate - Home

Equity:

Performing

$

29

$

133

$

13

$

299

$

154

$

2,101

$

191,196

$

193,925

Nonperforming

-

-

-

16

-

-

717

733

Total 

$

29

$

133

$

13

$

315

$

154

$

2,101

$

191,913

$

194,658

Consumer:

Performing

$

112,549

$

139,965

$

48,931

$

28,715

$

18,005

$

7,544

$

5,420

$

361,129

Nonperforming

22

56

56

47

38

13

-

232

Total

$

112,571

$

140,021

$

48,987

$

28,762

$

18,043

$

7,557

$

5,420

$

361,361