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

6 Months Ended

Jun. 30, 2023

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

Composition of the loan portfolio

(Dollars in Thousands)

June 30, 2023

December 31, 2022

Commercial, Financial and Agricultural

$

227,219

$

247,362

Real Estate – Construction

226,404

234,519

Real Estate – Commercial Mortgage

831,285

782,557

Real Estate – Residential

(1)

882,292

727,105

Real Estate – Home Equity

203,150

208,120

Consumer

(2)

296,653

325,517

Loans Held For Investment, Net of Unearned Income

$

2,667,003

$

2,525,180

(1)

Includes loans in process balance of $

6.1

 million at both June 30, 2023 and December 31, 2022.

(2)

Includes overdraft balances of $

1.0

 million and $

1.1

 million at June 30, 2023 and December 31, 2022, respectively.

Activity in 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, 2023

Beginning Balance

$

1,515

$

3,359

$

4,710

$

11,649

$

1,879

$

3,395

$

26,507

Provision for Credit Losses

(86)

(512)

732

1,328

(188)

670

1,944

Charge-Offs

(54)

-

-

-

(39)

(1,887)

(1,980)

Recoveries 

71

1

11

132

131

1,147

1,493

Net (Charge-Offs) Recoveries

17

1

11

132

92

(740)

(487)

Ending Balance

$

1,446

$

2,848

$

5,453

$

13,109

$

1,783

$

3,325

$

27,964

Six Months Ended 

June 30, 2023

Beginning Balance

$

1,506

$

2,654

$

4,815

$

10,409

$

1,864

$

3,488

$

24,736

Provision for Credit Losses

(8)

192

739

2,511

(198)

1,999

5,235

Charge-Offs

(218)

-

(120)

-

(39)

(4,253)

(4,630)

Recoveries

166

2

19

189

156

2,091

2,623

Net (Charge-Offs) Recoveries

(52)

2

(101)

189

117

(2,162)

(2,007)

Ending Balance

$

1,446

$

2,848

$

5,453

$

13,109

$

1,783

$

3,325

$

27,964

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

(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

(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

Loan Portfolio Aging

30-59 

60-89 

90 + 

Total

Total

Nonaccrual

Total

(Dollars in Thousands)

DPD

DPD

DPD

Past Due

Current

Loans

Loans

June 30, 2023

Commercial, Financial and Agricultural

$

196

$

81

$

-

$

277

$

226,933

$

9

$

227,219

Real Estate – Construction

-

218

-

218

225,771

415

226,404

Real Estate – Commercial Mortgage

79

45

-

124

828,740

2,421

831,285

Real Estate – Residential

241

128

-

369

880,222

1,701

882,292

Real Estate – Home Equity

68

-

-

68

202,326

756

203,150

Consumer

2,409

742

-

3,151

292,181

1,321

296,653

Total

$

2,993

$

1,214

$

-

$

4,207

$

2,656,173

$

6,623

$

2,667,003

December 31, 2022

Commercial, Financial and Agricultural

$

109

$

126

$

-

$

235

$

247,086

$

41

$

247,362

Real Estate – Construction

359

-

-

359

234,143

17

234,519

Real Estate – Commercial Mortgage

158

149

-

307

781,605

645

782,557

Real Estate – Residential

845

530

-

1,375

725,491

239

727,105

Real Estate – Home Equity

-

35

-

35

207,314

771

208,120

Consumer

3,666

1,852

-

5,518

319,415

584

325,517

Total 

$

5,137

$

2,692

$

-

$

7,829

$

2,515,054

$

2,297

$

2,525,180

Recorded investment in nonaccrual and past due loans

June 30, 2023

December 31, 2022

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

$

-

$

9

$

-

$

-

$

41

$

-

Real Estate – Construction

415

-

-

-

17

-

Real Estate – Commercial Mortgage

2,212

209

-

389

256

-

Real Estate – Residential

1,172

529

-

-

239

-

Real Estate – Home Equity

227

529

-

-

771

-

Consumer

-

1,321

-

-

584

-

Total Nonaccrual Loans

$

4,026

$

2,597

$

-

$

389

$

1,908

$

-

Collateral-dependent loans

June 30, 2023

December 31, 2022

Real Estate

Non Real Estate

Real Estate

Non Real Estate

(Dollars in Thousands)

Secured

Secured

Secured

Secured

Commercial, Financial and Agricultural

$

-

$

-

$

-

$

-

Real Estate – Construction

415

-

-

-

Real Estate – Commercial Mortgage

2,212

-

389

-

Real Estate – Residential

1,098

-

160

-

Real Estate – Home Equity

227

-

130

-

Consumer

-

-

21

-

Total Collateral Dependent Loans

$

3,952

$

-

$

700

$

-

Loans held for investment by years of origination

Term Loans by Origination Year

Revolving

(Dollars in Thousands)

2023

2022

2021

2020

2019

Prior

Loans

Total

Commercial, Financial,

Agriculture:

Pass

$

25,879

$

77,944

$

36,236

$

14,631

$

10,016

$

10,518

$

46,644

$

221,868

Special Mention

1,490

516

986

126

69

149

1,909

5,245

Substandard

6

46

21

17

-

16

-

106

Total

$

27,375

$

78,506

$

37,243

$

14,774

$

10,085

$

10,683

$

48,553

$

227,219

Current-Period Gross

Writeoffs

$

-

$

129

$

40

$

14

$

12

$

10

$

13

$

218

Real Estate -

Construction:

Pass

$

59,976

$

121,631

$

32,667

$

1,807

$

189

$

123

$

7,855

$

224,248

Special Mention

478

-

375

-

-

-

-

853

Substandard

-

-

218

1,085

-

-

-

1,303

Total

$

60,454

$

121,631

$

33,260

$

2,892

$

189

$

123

$

7,855

$

226,404

Real Estate -

Commercial Mortgage:

Pass

$

62,928

$

261,333

$

165,145

$

128,342

$

47,330

$

130,477

$

19,554

$

815,109

Special Mention

4,343

793

948

239

1,483

2,461

439

10,706

Substandard

-

806

831

1,920

628

632

653

5,470

Total

$

67,271

$

262,932

$

166,924

$

130,501

$

49,441

$

133,570

$

20,646

$

831,285

Current-Period Gross

Writeoffs

$

-

$

-

$

-

$

-

$

-

$

120

$

-

$

120

Real Estate - Residential:

Pass

$

211,696

$

418,730

$

89,049

$

41,916

$

26,818

$

75,872

$

8,323

$

872,404

Special Mention

269

92

228

517

-

560

-

1,666

Substandard

70

1,320

1,253

1,571

935

3,073

-

8,222

Total 

$

212,035

$

420,142

$

90,530

$

44,004

$

27,753

$

79,505

$

8,323

$

882,292

Real Estate - Home

Equity:

Performing

$

-

$

50

$

129

$

11

$

392

$

1,122

$

200,689

$

202,393

Nonperforming

-

-

-

-

-

-

757

757

Total 

$

-

$

50

$

129

$

11

$

392

$

1,122

$

201,446

$

203,150

Current-Period Gross

Writeoffs

$

-

$

-

$

-

$

-

$

-

$

-

$

39

$

39

Consumer:

Performing

$

39,592

$

109,461

$

88,648

$

28,133

$

14,878

$

8,976

$

5,645

$

295,333

Nonperforming

-

633

418

179

81

7

2

1,320

Total

$

39,592

$

110,094

$

89,066

$

28,312

$

14,959

$

8,983

$

5,647

$

296,653

Current-Period Gross

Writeoffs

$

1,571

$

1,486

$

763

$

138

$

143

$

63

$

89

$

4,253