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Allowance For Credit Losses (Tables) | 9 Months Ended
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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 | %

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