Allowance For Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

The activity in the ACL for the three-month and the six-month periods ended June 30, 2023 and June 30, 2022 is summarized in the following tables:


	Three Months Ended June 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,572	$	17,946	$	5,362	$	17,889	$	28,053	$	124	$	85,946
Charge-offs	188		530		—		14		1,953		—		2,685
Recoveries	84		—		12		114		1,243		—		1,453
Net charge-offs/(recoveries)	$	104	$	530	$	(12)	$	(100)	$	710	$	—	$	1,232
(Recovery of) provision for credit losses	(190)		1,725		(488)		430		1,027		(12)		2,492
Ending balance	$	16,278	$	19,141	$	4,886	$	18,419	$	28,370	$	112	$	87,206


	Three Months Ended June 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	13,288	$	23,731	$	4,230	$	11,584	$	25,797	$	231	$	78,861
Charge-offs	723		598		33		46		1,002		—		2,402
Recoveries	316		540		29		54		1,058		1		1,998
Net charge-offs/(recoveries)	$	407	$	58	$	4	$	(8)	$	(56)	$	(1)	$	404
(Recovery of) provision for credit losses	(134)		(1,334)		165		2,027		2,296		(29)		2,991
Ending balance	$	12,747	$	22,339	$	4,391	$	13,619	$	28,149	$	203	$	81,448


	Six Months Ended June 30, 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	537		530		—		43		3,810		—		4,920
Recoveries	130		232		508		471		2,348		—		3,689
Net charge-offs/(recoveries)	$	407	$	298	$	(508)	$	(428)	$	1,462	$	—	$	1,231
(Recovery of) provision for credit losses	(524)		1,429		(1,172)		1,180		1,811		(49)		2,675
Ending balance	$	16,278	$	19,141	$	4,886	$	18,419	$	28,370	$	112	$	87,206


	Six Months Ended June 30, 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	913		598		33		81		2,118		6		3,749
Recoveries	434		588		530		86		1,975		1		3,614
Net charge-offs/(recoveries)	$	479	$	10	$	(497)	$	(5)	$	143	$	5	$	135
(Recovery of) provision for credit losses	(799)		(3,117)		(1,864)		2,190		2,006		(30)		(1,614)
Ending balance	$	12,747	$	22,339	$	4,391	$	13,619	$	28,149	$	203	$	81,448

The composition of the ACL at June 30, 2023 and at December 31, 2022 was as follows:


	June 30, 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	$	3,899		$	233		$	—		$	—		$	—		$	—		$	4,132
Collectively evaluated for impairment	12,379			18,908			4,886			18,419			28,370			112			83,074
Acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	16,278		$	19,141		$	4,886		$	18,419		$	28,370		$	112		$	87,206

Loan balance:
Loans individually evaluated for impairment	$	22,463		$	17,621		$	986		$	2,331		$	—		$	486		$	43,887
Loans collectively evaluated for impairment	1,264,477			1,778,418			273,077			1,883,644			1,942,257			17,894			7,159,767
Loans acquired with deteriorated credit quality	63			3,401			643			348			—			—			4,455
Total ending loan balance	$	1,287,003		$	1,799,440		$	274,706		$	1,886,323		$	1,942,257		$	18,380		$	7,208,109

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	17.36		%	1.32		%	—		%	—		%	—		%	—		%	9.42		%
Loans collectively evaluated for impairment	0.98		%	1.06		%	1.79		%	0.98		%	1.46		%	0.63		%	1.16		%
Loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.26		%	1.06		%	1.78		%	0.98		%	1.46		%	0.61		%	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		%