Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2022

The activity in the allowance for credit losses for the years ended December 31, 2022, 2021, and 2020 is summarized in the following tables.


	Year ended December 31, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
Allowance for credit losses:
Beginning balance	$	14,025	$	25,466	$	5,758	$	11,424	$	26,286	$	238	$	83,197
Charge-offs	2,056		1,578		33		81		5,343		42		9,133
Recoveries	(826)		(627)		(1,343)		(164)		(3,767)		(31)		(6,758)
Net charge-offs (recoveries)	1,230		951		(1,310)		(83)		1,576		11		2,375
Provision (recovery)	4,192		(6,686)		(1,518)		5,324		3,311		(66)		4,557
Ending balance	$	16,987	$	17,829	$	5,550	$	16,831	$	28,021	161		$	85,379


	Year ended December 31, 2021
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
Allowance for credit losses:
Beginning balance	$	25,608	$	23,480	$	7,288	$	11,363	$	17,418	$	518	$	85,675
Impact of adopting ASC 326	(8,257)		2,119		(1,898)		3,121		10,925		80		6,090
Charge-offs	957		35		—		49		4,052		—		5,093
Recoveries	(639)		(802)		(2,299)		(941)		(3,759)		(1)		(8,441)
Net charge-offs (recoveries)	318		(767)		(2,299)		(892)		293		(1)		(3,348)
(Recovery) Provision	(3,008)		(900)		(1,931)		(3,952)		(1,764)		(361)		(11,916)
Ending balance	$	14,025	$	25,466	$	5,758	$	11,424	$	26,286	$	238	$	83,197


	Year ended December 31, 2020
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
Allowance for credit losses:
Beginning balance	$	20,203	$	10,229	$	5,311	$	8,610	$	12,211	$	115	$	56,679
Charge-offs	1,468		1,824		6		356		6,634		16		10,304
Recoveries	(20,765)		(738)		(1,122)		(991)		(3,629)		(1)		(27,246)
Net (recoveries) charge-offs	(19,297)		1,086		(1,116)		(635)		3,005		15		(16,942)
(Recovery) Provision	(13,892)		14,337		861		2,118		8,212		418		12,054
Ending balance	$	25,608	$	23,480	$	7,288	$	11,363	$	17,418	$	518	$	85,675

The composition of the ACL at December 31, 2022 and December 31, 2021 was as follows:


	December 31, 2022
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,426		$	131		$	—		$	—		$	—		$	9		$	3,566
Collectively evaluated for impairment	13,561			17,698			5,550			16,831			28,021			152			$	81,813
Acquired with deteriorated credit quality	—			—			—			—			—			—			$	—
Total ending allowance balance	$	16,987		$	17,829		$	5,550		$	16,831		$	28,021		$	161		$	85,379

Loan balance:
Loans individually evaluated for impairment	$	41,307		$	32,423		$	1,712		$	2,191		$	—		$	708		$	78,341
Loans collectively evaluated for impairment	1,259,524			1,758,118			323,043			1,794,302			1,904,981			18,929			7,058,897
Loans acquired with deteriorated credit quality	102			3,513			660			378			—			—			4,653
Total ending loan balance	$	1,300,933		$	1,794,054		$	325,415		$	1,796,871		$	1,904,981		$	19,637		$	7,141,891

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	8.29		%	0.40		%	—		%	—		%	—		%	1.27		%	4.55		%
Loans collectively evaluated for impairment	1.08		%	1.01		%	1.72		%	0.94		%	1.47		%	0.80		%	1.16		%
Loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.31		%	0.99		%	1.71		%	0.94		%	1.47		%	0.82		%	1.20		%


	December 31, 2021
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	1,385		$	188		$	—		$	—		$	—		$	43		$	1,616
Collectively evaluated for impairment	12,640			25,278			5,758			11,424			26,286			195			$	81,581
Acquired with deteriorated credit quality	—			—			—			—			—			—			$	—
Total ending allowance balance	$	14,025		$	25,466		$	5,758		$	11,424		$	26,286		$	238		$	83,197

Loan balance:
Loans individually evaluated for impairment	$	22,666		$	47,820		$	222		$	2,606		$	—		$	1,188		$	74,502
Loans collectively evaluated for impairment	1,275,783			1,748,854			320,608			1,735,226			1,689,679			19,321			6,789,471
Loans acquired with deteriorated credit quality	177			5,118			956			875			—			23			7,149
Total ending loan balance	$	1,298,626		$	1,801,792		$	321,786		$	1,738,707		$	1,689,679		$	20,532		$	6,871,122

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	6.11		%	0.39		%	—		%	—		%	—		%	3.62		%	2.17		%
Loans collectively evaluated for impairment	0.99		%	1.45		%	1.80		%	0.66		%	1.56		%	1.01		%	1.20		%
Loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.08		%	1.41		%	1.79		%	0.66		%	1.56		%	1.16		%	1.21		%