Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

The activity in the ACL for the three-month periods ended March 31, 2023 and March 31, 2022 is summarized in the following tables:


	Three Months Ended March 31, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,987	$	17,829	$	5,550	$	16,831	$	28,021	$	161	$	85,379
Impact of Adoption of ASU 2022-02	222		181		—		(20)		—		—		383
Charge-offs	349		—		—		29		1,857		—		2,235
Recoveries	46		232		496		357		1,105		—		2,236
Net charge-offs/(recoveries)	$	303	$	(232)	$	(496)	$	(328)	$	752	$	—	$	(1)
(Recovery of) provision for credit losses	(334)		(296)		(684)		750		784		(37)		183
Ending balance	$	16,572	$	17,946	$	5,362	$	17,889	$	28,053	$	124	$	85,946


	Three Months Ended March 31, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	14,025	$	25,466	$	5,758	$	11,424	$	26,286	$	238	$	83,197
Charge-offs	190		—		—		35		1,116		6		1,347
Recoveries	118		48		501		32		917		—		1,616
Net charge-offs/(recoveries)	$	72	$	(48)	$	(501)	$	3	$	199	$	6	$	(269)
(Recovery of) provision for credit losses	(665)		(1,783)		(2,029)		163		(290)		(1)		(4,605)
Ending balance	$	13,288	$	23,731	$	4,230	$	11,584	$	25,797	$	231	$	78,861

The composition of the ACL at March 31, 2023 and at December 31, 2022 was as follows:


	March 31, 2023
(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	$	4,100		$	216		$	—		$	—		$	—		$	2		$	4,318
Collectively evaluated for impairment	12,472			17,730			5,362			17,889			28,053			122			81,628
Acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	16,572		$	17,946		$	5,362		$	17,889		$	28,053		$	124		$	85,946

Loan balance:
Loans individually evaluated for impairment	$	38,955		$	15,477		$	1,997		$	2,338		$	—		$	617		$	59,384
Loans collectively evaluated for impairment	1,222,943			1,781,941			288,095			1,818,475			1,900,609			17,855			7,029,918
Loans acquired with deteriorated credit quality	83			3,460			651			361			—			—			4,555
Total ending loan balance	$	1,261,981		$	1,800,878		$	290,743		$	1,821,174		$	1,900,609		$	18,472		$	7,093,857

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	10.52		%	1.40		%	—		%	—		%	—		%	0.32		%	7.27		%
Loans collectively evaluated for impairment	1.02		%	0.99		%	1.86		%	0.98		%	1.48		%	0.68		%	1.16		%
Loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.31		%	1.00		%	1.84		%	0.98		%	1.48		%	0.67		%	1.21		%


	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		%