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Allowance For Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2024
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 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 |
Composition Of The Allowance For Loan Losses | 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 | %

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