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Allowance For Credit Losses (Tables) | 9 Months Ended
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Sep. 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 nine-month periods ended September 30, 2024 and September 30, 2023 is summarized in the following tables:
| Three Months Ended September 30, 2024
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 16,663 |  |  | $ | 16,855 |  |  | $ | 5,867 |  |  | $ | 19,450 |  |  | $ | 27,579 |  |  | $ | 161 |  |  | $ | 86,575 |
Charge-offs | 3,151 |  |  | 40 |  |  | — |  |  | — |  |  | 3,363 |  |  | — |  |  | 6,554 |
Recoveries | 79 |  |  | 223 |  |  | 25 |  |  | 40 |  |  | 1,534 |  |  | — |  |  | 1,901 |
Net charge-offs/(recoveries) | $ | 3,072 |  |  | $ | (183) |  |  | $ | (25) |  |  | $ | (40) |  |  | $ | 1,829 |  |  | $ | — |  |  | $ | 4,653 |
Provision for credit losses | 284 |  |  | 1,818 |  |  | 194 |  |  | 768 |  |  | 2,247 |  |  | 4 |  |  | 5,315 |
Ending balance | $ | 13,875 |  |  | $ | 18,856 |  |  | $ | 6,086 |  |  | $ | 20,258 |  |  | $ | 27,997 |  |  | $ | 165 |  |  | $ | 87,237 |
| 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 |
| Nine Months Ended September 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 | 3,657 |  |  | 40 |  |  | — |  |  | 31 |  |  | 9,163 |  |  | — |  |  | $ | 12,891 |
Recoveries | 340 |  |  | 250 |  |  | 1,058 |  |  | 307 |  |  | 3,820 |  |  | — |  |  | 5,775 |
Net charge-offs/(recoveries) | $ | 3,317 |  |  | $ | (210) |  |  | $ | (1,058) |  |  | $ | (276) |  |  | $ | 5,343 |  |  | $ | — |  |  | $ | 7,116 |
Provision for (recovery of) credit losses | 1,696 |  |  | 2,272 |  |  | (199) |  |  | 1,164 |  |  | 5,627 |  |  | 48 |  |  | 10,608 |
Ending balance | $ | 13,875 |  |  | $ | 18,856 |  |  | $ | 6,086 |  |  | $ | 20,258 |  |  | $ | 27,997 |  |  | $ | 165 |  |  | $ | 87,237 |
| 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 |
Composition Of The Allowance For Loan Losses | The composition of the ACL at September 30, 2024 and at December 31, 2023 was as follows:
| September 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 | $ | 2,476 |  | $ | 13 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,489
Collectively evaluated for impairment | 11,399 |  | 18,843 |  | 6,086 |  | 20,258 |  | 27,997 |  | 165 |  | 84,748
Accruing loans acquired with deteriorated credit quality | — |  | — |  | — |  | — |  | — |  | — |  | —
Total ending allowance balance | $ | 13,875 |  | $ | 18,856 |  | $ | 6,086 |  | $ | 20,258 |  | $ | 27,997 |  | $ | 165 |  | $ | 87,237
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 28,258 |  | $ | 21,090 |  | $ | 25 |  | $ | 4,179 |  | $ | — |  | $ | 21 |  | $ | 53,573
Loans collectively evaluated for impairment | 1,273,276 |  | 1,934,673 |  | 350,269 |  | 2,145,549 |  | 1,943,173 |  | 28,280 |  | 7,675,220
Accruing loans acquired with deteriorated credit quality | — |  | 1,316 |  | 593 |  | 282 |  | — |  | — |  | 2,191
Total ending loan balance | $ | 1,301,534 |  | $ | 1,957,079 |  | $ | 350,887 |  | $ | 2,150,010 |  | $ | 1,943,173 |  | $ | 28,301 |  | $ | 7,730,984
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 8.76 | % |  | 0.06 | % |  | — | % |  | — | % |  | — | % |  | — | % |  | 4.65 | %
Loans collectively evaluated for impairment | 0.90 | % |  | 0.97 | % |  | 1.74 | % |  | 0.94 | % |  | 1.44 | % |  | 0.58 | % |  | 1.10 | %
Accruing loans acquired with deteriorated credit quality | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Total | 1.07 | % |  | 0.96 | % |  | 1.73 | % |  | 0.94 | % |  | 1.44 | % |  | 0.58 | % |  | 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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