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Allowance For Credit Losses (Tables)

9 Months Ended

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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Schedule Of Allowance For Loan Losses [Text Block]

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- Definition

Tabular disclosure of allowance for credit loss of financing receivable, classified as current.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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