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Loans and Allowance for Loan Losses (“ALLL”) (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Composition of Loan Portfolio | The composition of the loan portfolio is as follows as of the periods indicated:
| December 31, |  | December 31,
| 2022 |  | 2021
| (dollars in thousands)
Commercial and industrial loans | $ | 312,628 |  |  | $ | 419,060 |
Real estate loans: |  |  |
Construction, land, and land development | 214,055 |  |  | 183,594 |
Residential real estate | 449,157 |  |  | 204,389 |
Commercial real estate | 1,048,752 |  |  | 835,587 |
Consumer and other loans | 608,771 |  |  | 108,871 |
Gross loans receivable | 2,633,363 |  |  | 1,751,501 |
Net deferred origination fees and premiums | (6,107) |  |  | (8,766) |
Loans receivable | $ | 2,627,256 |  |  | $ | 1,742,735 |
Summary of an Age Analysis of Past Due Loans | The following table illustrates an age analysis of past due loans as of the dates indicated:
| 30-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Current |  | Total Loans |  | Recorded Investment 90 Days or More Past Due and Still Accruing
| (dollars in thousands)
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 393 |  |  | $ | 486 |  |  | $ | 879 |  |  | $ | 311,749 |  |  | $ | 312,628 |  |  | $ | 404 |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | — |  |  | 66 |  |  | 66 |  |  | 213,989 |  |  | 214,055 |  |  | — |
Residential real estate | 1,016 |  |  | 876 |  |  | 1,892 |  |  | 447,265 |  |  | 449,157 |  |  | 876 |
Commercial real estate | 95 |  |  | 6,901 |  |  | 6,996 |  |  | 1,041,756 |  |  | 1,048,752 |  |  | — |
Consumer and other loans | 37,932 |  |  | 24,815 |  |  | 62,747 |  |  | 546,024 |  |  | 608,771 |  |  | 24,815 |
| $ | 39,436 |  |  | $ | 33,144 |  |  | $ | 72,580 |  |  | $ | 2,560,783 |  |  | $ | 2,633,363 |  |  | $ | 26,095 |
Less net deferred origination fees and premiums |  |  |  |  |  |  |  |  | (6,107) |  |  |
Loans receivable |  |  |  |  |  |  |  |  | $ | 2,627,256 |  |  |
| 30-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Current |  | Total Loans |  | Recorded Investment 90 Days or More Past Due and Still Accruing
| (dollars in thousands)
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 259 |  |  | $ | 38 |  |  | $ | 297 |  |  | $ | 418,763 |  |  | $ | 419,060 |  |  | $ | — |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | — |  |  | — |  |  | — |  |  | 183,594 |  |  | 183,594 |  |  | — |
Residential real estate | 809 |  |  | 94 |  |  | 903 |  |  | 203,486 |  |  | 204,389 |  |  | 39 |
Commercial real estate | — |  |  | — |  |  | — |  |  | 835,587 |  |  | 835,587 |  |  | — |
Consumer and other loans | 3,901 |  |  | 1,467 |  |  | 5,368 |  |  | 103,503 |  |  | 108,871 |  |  | 1,467 |
| $ | 4,969 |  |  | $ | 1,599 |  |  | $ | 6,568 |  |  | $ | 1,744,933 |  |  | $ | 1,751,501 |  |  | $ | 1,506 |
Less net deferred origination fees and premiums |  |  |  |  |  |  |  |  | (8,766) |  |  |
Loans receivable |  |  |  |  |  |  |  |  | $ | 1,742,735 |  |  |
Summary of Information Pertaining to Impaired Loans | The following table is a summary of information pertaining to impaired loans as of the period indicated. Loans originated through CCBX partners are reported using pool accounting and are not subject to individual impairment analysis, therefore CCBX loans are not included in this table.
| Unpaid Contractual Principal Balance |  | Recorded Investment With No Allowance |  | Recorded Investment With Allowance |  | Total Recorded Investment |  | Related Allowance
| (dollars in thousands)
December 31, 2022 |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 124 |  |  | $ | — |  |  | $ | 113 |  |  | $ | 113 |  |  | $ | 95 |
Real estate loans: |  |  |  |  |  |  |  |  |
Construction, land and land development | 67 |  |  | 66 |  |  | — |  |  | 66 |  |  | — |
Residential real estate | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | 6,901 |  |  | 6,901 |  |  | — |  |  | 6,901 |  |  | — |
Total | $ | 7,092 |  |  | $ | 6,967 |  |  | $ | 113 |  |  | $ | 7,080 |  |  | $ | 95 |
December 31, 2021 |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 173 |  |  | $ | — |  |  | $ | 166 |  |  | $ | 166 |  |  | $ | 132 |
Real estate loans: |  |  |  |  |  |  |  |  |
Residential real estate | 69 |  |  | 55 |  |  | — |  |  | 55 |  |  | — |
Total | $ | 242 |  |  | $ | 55 |  |  | $ | 166 |  |  | $ | 221 |  |  | $ | 132 |
Summary of Average Recorded Investment and Interest Income Recognized on Impaired Loans | The following tables summarize the average recorded investment and interest income recognized on impaired loans by loan class for the year ended December 31, 2022 and 2021:
| December 31, 2022 |  | December 31, 2021
| Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
| (dollars in thousands)
Commercial and industrial loans | $ | 121 |  |  | $ | — |  |  | $ | 498 |  |  | $ | — |
Real estate loans: |  |  |  |  |  |  |
Construction, land and land development | 40 |  |  | — |  |  | — |  |  | — |
Residential real estate | 32 |  |  | — |  |  | 143 |  |  | — |
Commercial real estate | 1,395 |  |  | — |  |  | — |  |  | — |
Total | $ | 1,588 |  |  | $ | — |  |  | $ | 641 |  |  | $ | — |
Analysis of Nonaccrual Loans by Category | An analysis of nonaccrual loans by category consisted of the following at the periods indicated:
| December 31, |  | December 31,
| 2022 |  | 2021
| (dollars in thousands)
Commercial and industrial loans | $ | 113 |  |  | $ | 166 |
Real estate loans: |  |  |
Construction, land and land development | 66 |  |  | — |
Residential real estate | — |  |  | 55 |
Commercial real estate | 6,901 |  |  | — |
Total nonaccrual loans | $ | 7,080 |  |  | $ | 221 |
Summary of Loans by Credit Quality Risk Rating | Loans by credit quality risk rating are as follows as of the periods indicated:
| Pass |  | Other Loans Especially Mentioned |  | Sub- Standard |  | Doubtful |  | Total
| (dollars in thousands)
December 31, 2022 |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 304,840 |  |  | $ | 7,219 |  |  | $ | 569 |  |  | $ | — |  |  | $ | 312,628 |
Real estate loans: |  |  |  |  |  |  |  |  |
Construction, land, and land development | 206,304 |  |  | 7,685 |  |  | 66 |  |  | — |  |  | 214,055 |
Residential real estate | 448,185 |  |  | 96 |  |  | 876 |  |  | — |  |  | 449,157 |
Commercial real estate | 1,030,650 |  |  | 11,201 |  |  | 6,901 |  |  | — |  |  | 1,048,752 |
Consumer and other loans | 583,956 |  |  | — |  |  | 24,815 |  |  | — |  |  | 608,771 |
| $ | 2,573,935 |  |  | $ | 26,201 |  |  | $ | 33,227 |  |  | $ | — |  |  | 2,633,363 |
Less net deferred origination fees |  |  |  |  |  |  |  |  | (6,107) |
Loans receivable |  |  |  |  |  |  |  |  | $ | 2,627,256 |
December 31, 2021 |  |  |  |  |  |  |  |  |
Commercial and industrial loans | $ | 416,642 |  |  | $ | 2,180 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 419,060 |
Real estate loans: |  |  |  |  |  |  |  |  |
Construction, land, and land development | 183,594 |  |  | — |  |  | — |  |  | — |  |  | 183,594 |
Residential real estate | 204,173 |  |  | 122 |  |  | 94 |  |  | — |  |  | 204,389 |
Commercial real estate | 824,676 |  |  | 10,911 |  |  | — |  |  | — |  |  | 835,587 |
Consumer and other loans | 107,404 |  |  | — |  |  | 1,467 |  |  | — |  |  | 108,871 |
| $ | 1,736,489 |  |  | $ | 13,213 |  |  | $ | 1,799 |  |  | $ | — |  |  | 1,751,501 |
Less net deferred origination fees |  |  |  |  |  |  |  |  | (8,766) |
Loans receivable |  |  |  |  |  |  |  |  | $ | 1,742,735 |
Summary of Allocation of Allowance for Loan Loss as well as Activity in Allowance for Loan Loss Attributed to Various Segments in Loan | The following tables summarize the allocation of the allowance for loan loss, as well as the activity in the allowance for loan loss attributed to various segments in the loan portfolio, as of and for the year ended December 31, 2022.
| Commercial and Industrial |  | Construction, Land, and Land Development |  | Residential Real Estate |  | Commercial Real Estate |  | Consumer and Other |  | Unallocated |  | Total
| (dollars in thousands)
Twelve Months Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL balance, December 31, 2021 | $ | 3,221 |  |  | $ | 6,984 |  |  | $ | 4,598 |  |  | $ | 6,590 |  |  | $ | 7,092 |  |  | $ | 147 |  |  | $ | 28,632 |
Provision for loan losses or (recapture) | 2,125 |  |  | 441 |  |  | (4) |  |  | (1,120) |  |  | 76,604 |  |  | 1,018 |  |  | 79,064 |
| 5,346 |  |  | 7,425 |  |  | 4,594 |  |  | 5,470 |  |  | 83,696 |  |  | 1,165 |  |  | 107,696 |
Loans charged-off | (555) |  |  | — |  |  | (452) |  |  | — |  |  | (32,742) |  |  | — |  |  | (33,749) |
Recoveries of loans previously charged-off | 40 |  |  | — |  |  | — |  |  | — |  |  | 42 |  |  | — |  |  | 82 |
Net (charge-offs) recoveries | (515) |  |  | — |  |  | (452) |  |  | — |  |  | (32,700) |  |  | — |  |  | (33,667) |
ALLL balance, December 31, 2022 | $ | 4,831 |  |  | $ | 7,425 |  |  | $ | 4,142 |  |  | $ | 5,470 |  |  | $ | 50,996 |  |  | $ | 1,165 |  |  | $ | 74,029 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL amounts allocated to |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 95 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 95 |
Collectively evaluated for impairment | 4,736 |  |  | 7,425 |  |  | 4,142 |  |  | 5,470 |  |  | 50,996 |  |  | 1,165 |  |  | 73,934 |
ALLL balance, December 31, 2022 | $ | 4,831 |  |  | $ | 7,425 |  |  | $ | 4,142 |  |  | $ | 5,470 |  |  | $ | 50,996 |  |  | $ | 1,165 |  |  | $ | 74,029 |
Loans individually evaluated for impairment | $ | 113 |  |  | $ | 66 |  |  | $ | — |  |  | $ | 6,901 |  |  | $ | — |  |  |  |  | $ | 7,080 |
Loans collectively evaluated for impairment | 312,515 |  |  | 213,989 |  |  | 449,157 |  |  | 1,041,851 |  |  | 608,771 |  |  |  |  | 2,626,283 |
Loan balance, December 31, 2022 | $ | 312,628 |  |  | $ | 214,055 |  |  | $ | 449,157 |  |  | $ | 1,048,752 |  |  | $ | 608,771 |  |  |  |  | $ | 2,633,363 |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Loan balance, December 31, 2021 | $ | 419,060 |  |  | $ | 183,594 |  |  | $ | 204,389 |  |  | $ | 835,587 |  |  | $ | 108,871 |  |  |  |  | $ | 1,751,501 |
The following tables summarize the allocation of the allowance for loan loss, as well as the activity in the allowance for loan loss attributed to various segments in the loan portfolio, as of and for the year ended December 31, 2021:
| Commercial and Industrial |  | Construction, Land, and Land Development |  | Residential Real Estate |  | Commercial Real Estate |  | Consumer and Other |  | Unallocated |  | Total
| (dollars in thousands)
Twelve Months Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2020 | $ | 3,353 |  |  | $ | 3,545 |  |  | $ | 3,410 |  |  | $ | 7,810 |  |  | $ | 127 |  |  | $ | 1,017 |  |  | $ | 19,262 |
Provision for loan losses or (recapture) | 23 |  |  | 3,439 |  |  | 1,267 |  |  | (1,220) |  |  | 7,276 |  |  | (870) |  |  | 9,915 |
| 3,376 |  |  | 6,984 |  |  | 4,677 |  |  | 6,590 |  |  | 7,403 |  |  | 147 |  |  | 29,177 |
Loans charged-off | (222) |  |  | — |  |  | (79) |  |  | — |  |  | (339) |  |  | — |  |  | (640) |
Recoveries of loans previously charged-off | 67 |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | — |  |  | 95 |
Net (charge-offs) recoveries | (155) |  |  | — |  |  | (79) |  |  | — |  |  | (311) |  |  | — |  |  | (545) |
Balance, December 31, 2021 | $ | 3,221 |  |  | $ | 6,984 |  |  | $ | 4,598 |  |  | $ | 6,590 |  |  | $ | 7,092 |  |  | $ | 147 |  |  | $ | 28,632 |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL amounts allocated to |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 132 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 132 |
Collectively evaluated for impairment | 3,089 |  |  | 6,984 |  |  | 4,598 |  |  | 6,590 |  |  | 7,092 |  |  | 147 |  |  | 28,500 |
ALLL balance, December 31, 2021 | $ | 3,221 |  |  | $ | 6,984 |  |  | $ | 4,598 |  |  | $ | 6,590 |  |  | $ | 7,092 |  |  | $ | 147 |  |  | $ | 28,632 |
Loans individually evaluated for impairment | $ | 166 |  |  | $ | — |  |  | $ | 55 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 221 |
Loans collectively evaluated for impairment | 418,894 |  |  | 183,594 |  |  | 204,334 |  |  | 835,587 |  |  | 108,871 |  |  |  |  | 1,751,280 |
Loan balance, December 31, 2021 | $ | 419,060 |  |  | $ | 183,594 |  |  | $ | 204,389 |  |  | $ | 835,587 |  |  | $ | 108,871 |  |  |  |  | $ | 1,751,501 |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Loan balance, December 31, 2020 | $ | 539,200 |  |  | $ | 94,423 |  |  | $ | 143,869 |  |  | $ | 774,925 |  |  | $ | 3,916 |  |  |  |  | $ | 1,556,333 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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