Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

The activity in the ACL for the three-month periods ended March 31, 2024 and March 31, 2023 is summarized in the following tables:


	Three Months Ended March 31, 2024
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	15,496	$	16,374	$	5,227	$	18,818	$	27,713	$	117	$	83,745
Charge-offs	220		—		—		1		3,019		—		3,240
Recoveries	171		22		914		82		1,210		—		2,399
Net charge-offs/(recoveries)	$	49	$	(22)	$	(914)	$	(81)	$	1,809	$	—	$	841
(Recovery of) provision for credit losses	(476)		785		(399)		734		1,490		46		2,180
Ending balance	$	14,971	$	17,181	$	5,742	$	19,633	$	27,394	$	163	$	85,084


	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

The composition of the ACL at March 31, 2024 and at December 31, 2023 was as follows:


	March 31, 2024
(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	$	4,997		$	35		$	—		$	—		$	—		$	—		$	5,032
Collectively evaluated for impairment	9,974			17,146			5,742			19,633			27,394			163			80,052
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	14,971		$	17,181		$	5,742		$	19,633		$	27,394		$	163		$	85,084

Loan balance:
Loans individually evaluated for impairment	$	26,937		$	21,968		$	1,949		$	3,833		$	—		$	55		$	54,742
Loans collectively evaluated for impairment	1,249,518			1,877,488			339,275			2,047,219			1,925,767			28,542			7,467,809
Accruing loans acquired with deteriorated credit quality	15			1,512			615			312			—			—			2,454
Total ending loan balance	$	1,276,470		$	1,900,968		$	341,839		$	2,051,364		$	1,925,767		$	28,597		$	7,525,005

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	18.55		%	0.16		%	—		%	—		%	—		%	—		%	9.19		%
Loans collectively evaluated for impairment	0.80		%	0.91		%	1.69		%	0.96		%	1.42		%	0.57		%	1.07		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.17		%	0.90		%	1.68		%	0.96		%	1.42		%	0.57		%	1.13		%


	December 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	$	4,980		$	3		$	—		$	—		$	—		$	—		$	4,983
Collectively evaluated for impairment	10,516			16,371			5,227			18,818			27,713			117			78,762
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	15,496		$	16,374		$	5,227		$	18,818		$	27,713		$	117		$	83,745

Loan balance:
Loans individually evaluated for impairment	$	21,228		$	20,740		$	504		$	2,670		$	—		$	73		$	45,215
Loans collectively evaluated for impairment	1,274,390			1,853,383			303,969			2,026,537			1,945,936			23,956			7,428,171
Accruing loans acquired with deteriorated credit quality	22			1,870			626			317			—			—			2,835
Total ending loan balance	$	1,295,640		$	1,875,993		$	305,099		$	2,029,524		$	1,945,936		$	24,029		$	7,476,221

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	23.46		%	0.01		%	—		%	—		%	—		%	—		%	11.02		%
Loans collectively evaluated for impairment	0.83		%	0.88		%	1.72		%	0.93		%	1.42		%	0.49		%	1.06		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.20		%	0.87		%	1.71		%	0.93		%	1.42		%	0.49		%	1.12		%