Allowance For Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

The activity in the ACL for the three-month and the six-month periods ended June 30, 2024 and June 30, 2023 is summarized in the following tables:


	Three Months Ended June 30, 2024
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	14,971	$	17,181	$	5,742	$	19,633	$	27,394	$	163	$	85,084
Charge-offs	286		—		—		30		2,781		—		3,097
Recoveries	90		5		119		185		1,076		—		1,475
Net charge-offs/(recoveries)	$	196	$	(5)	$	(119)	$	(155)	$	1,705	$	—	$	1,622
Provision for (recovery of) credit losses	1,888		(331)		6		(338)		1,890		(2)		3,113
Ending balance	$	16,663	$	16,855	$	5,867	$	19,450	$	27,579	$	161	$	86,575


	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


	Six Months Ended June 30, 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	506		—		—		31		5,800		—		$	6,337
Recoveries	261		27		1,033		267		2,286		—		3,874
Net charge-offs/(recoveries)	$	245	$	(27)	$	(1,033)	$	(236)	$	3,514	$	—	$	2,463
Provision for (recovery of) credit losses	1,412		454		(393)		396		3,380		44		5,293
Ending balance	$	16,663	$	16,855	$	5,867	$	19,450	$	27,579	$	161	$	86,575


	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

The composition of the ACL at June 30, 2024 and at December 31, 2023 was as follows:


	June 30, 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	$	5,253		$	40		$	—		$	18		$	—		$	—		$	5,311
Collectively evaluated for impairment	11,410			16,815			5,867			19,432			27,579			161			81,264
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	16,663		$	16,855		$	5,867		$	19,450		$	27,579		$	161		$	86,575

Loan balance:
Loans individually evaluated for impairment	$	26,773		$	24,052		$	37		$	4,091		$	—		$	40		$	54,993
Loans collectively evaluated for impairment	1,303,588			1,916,922			335,029			2,089,876			1,933,133			28,416			7,606,964
Accruing loans acquired with deteriorated credit quality	4			1,516			604			296			—			—			2,420
Total ending loan balance	$	1,330,365		$	1,942,490		$	335,670		$	2,094,263		$	1,933,133		$	28,456		$	7,664,377

ACL as a percentage of loan balance:
Loans individually evaluated for impairment	19.62		%	0.17		%	—		%	0.44		%	—		%	—		%	9.66		%
Loans collectively evaluated for impairment	0.88		%	0.88		%	1.75		%	0.93		%	1.43		%	0.57		%	1.07		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.25		%	0.87		%	1.75		%	0.93		%	1.43		%	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		%