Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]

Activity In The Allowance For Loan Losses

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

	Three Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,278	$	19,141	$	4,886	$	18,419	$	28,370	$	112	$	87,206
Charge-offs	218		—		—		1		2,074		—		2,293
Recoveries	79		3		40		8		1,139		—		1,269
Net charge-offs/(recoveries)	$	139	$	(3)	$	(40)	$	(7)	$	935	$	—	$	1,024
(Recovery of) provision for credit losses	(1,171)		(526)		373		(1,437)		1,185		(4)		(1,580)
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

 

	Three Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	12,747	$	22,339	$	4,391	$	13,619	$	28,149	$	203	$	81,448
Charge-offs	543		—		—		—		1,169		36		1,748
Recoveries	110		36		20		20		884		1		1,071
Net charge-offs/(recoveries)	$	433	$	(36)	$	(20)	$	(20)	$	285	$	35	$	677
Provision for (recovery of) credit losses	563		(1,653)		87		1,464		2,699		30		3,190
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

	Nine Months Ended September 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	755		530		—		44		5,884		—		7,213
Recoveries	209		235		548		479		3,487		—		4,958
Net charge-offs/(recoveries)	$	546	$	295	$	(548)	$	(435)	$	2,397	$	—	$	2,255
(Recovery of) provision for credit losses	(1,695)		903		(799)		(257)		2,996		(53)		1,095
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

	Nine Months Ended September 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	1,456		598		33		81		3,287		42		5,497
Recoveries	544		624		550		106		2,859		2		4,685
Net charge-offs/(recoveries)	$	912	$	(26)	$	(517)	$	(25)	$	428	$	40	$	812
(Recovery of) provision for credit losses	(236)		(4,770)		(1,777)		3,654		4,705		—		1,576
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

Composition Of The Allowance For Loan Losses

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

 

	September 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	$	3,122		$	205		$	95		$	—		$	—		$	—		$	3,422
Collectively evaluated for impairment	11,846			18,413			5,204			16,989			28,620			108			81,180
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	14,968		$	18,618		$	5,299		$	16,989		$	28,620		$	108		$	84,602
Loan balance:
Loans individually evaluated for impairment	$	17,257		$	19,869		$	1,124		$	2,237		$	—		$	352		$	40,839
Loans collectively evaluated for impairment	1,271,722			1,810,736			287,165			1,944,776			1,972,623			18,077			7,305,099
Accruing loans acquired with deteriorated credit quality	42			2,795			637			333			—			—			3,807
Total ending loan balance	$	1,289,021		$	1,833,400		$	288,926		$	1,947,346		$	1,972,623		$	18,429		$	7,349,745
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	18.09		%	1.03		%	8.45		%	—		%	—		%	—		%	8.38		%
Loans collectively evaluated for impairment	0.93		%	1.02		%	1.81		%	0.87		%	1.45		%	0.60		%	1.11		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.16		%	1.02		%	1.83		%	0.87		%	1.45		%	0.59		%	1.15		%

	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
Accruing loans 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
Accruing 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		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.31		%	0.99		%	1.71		%	0.94		%	1.47		%	0.82		%	1.20		%