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Basis of Accounting and Consolidation (Tables) | 12 Months Ended
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Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Premises and Equipment | The estimated useful lives for each major depreciable classification of premises and equipment are as follows:
Buildings and improvements | 20 years to 40 years
Leasehold improvements | 5 years to 15 years
Furniture and equipment | 3 years to 7 years
Premises and equipment at December 31, 2022 and 2021 consisted of (in thousands):
|  | 2022 |  |  | 2021 |
Land |  | $ | 27,982 |  |  | $ | 22,682 |
Buildings and improvements |  |  | 68,345 |  |  |  | 67,225 |
Furniture and equipment |  |  | 25,498 |  |  |  | 25,747 |
Leasehold improvements |  |  | 4,676 |  |  |  | 4,736 |
Construction in progress |  |  | 1,538 |  |  |  | 394 |
Subtotal |  |  | 128,039 |  |  |  | 120,784 |
Accumulated depreciation and amortization |  |  | 37,566 |  |  |  | 39,300 |
Total |  | $ | 90,473 |  |  | $ | 81,484 |
Schedule of Impact of ASU 2016-13 Adoption | The following table illustrates the impact of ASU 2016-13 adoption (in thousands):
|  | January 1, 2020 |
|  | As reported |  |  | Pre-ASU |  |  | Impact of ASU |
|  | under ASU |  |  | 2016-13 |  |  | 2016-13 |
|  | 2016-13 |  |  | Adoption |  |  | Adoption |
Assets: |  |  |  |  |  |  |  |  |
Construction and Land Development |  | $ | 1,033 |  |  | $ | 1,146 |  |  | $ | (113 | )
Farm |  |  | 1,323 |  |  |  | 1,093 |  |  |  | 230 |
1-4 Family Residential Properties |  |  | 2,142 |  |  |  | 1,386 |  |  |  | 756 |
Commercial Real Estate |  |  | 11,739 |  |  |  | 11,198 |  |  |  | 541 |
Agricultural |  |  | 1,023 |  |  |  | 1,386 |  |  |  | (363 | )
Commercial and Industrial |  |  | 9,428 |  |  |  | 9,273 |  |  |  | 155 |
Consumer |  |  | 1,895 |  |  |  | 1,429 |  |  |  | 466 |
Allowance for credit losses for all loans |  | $ | 28,583 |  |  | $ | 26,911 |  |  | $ | 1,672 |
Liabilities: |  |  |  |  |  |  |  |  |
Allowance for credit losses on off-balance sheet exposures |  | $ | 69 |  |  | — |  |  | $ | 69 |
The following table illustrates the impact of ASU 2016-13 adoption for PCD assets previously classified as PCI included in the table above (in thousands):
|  | January 1, 2020 |
|  | As reported |  |  | Pre-ASU |  |  | Impact of ASU |
|  | under ASU |  |  | 2016-13 |  |  | 2016-13 |
|  | 2016-13 |  |  | Adoption |  |  | Adoption |
Construction and Land Development |  | $ | 291 |  |  | $ | — |  |  | $ | 291 |
1-4 Family Residential Properties |  |  | 48 |  |  |  | 6 |  |  |  | 42 |
Commercial Real Estate |  |  | 818 |  |  |  | 359 |  |  |  | 459 |
Commercial and Industrial |  |  | 41 |  |  |  | — |  |  |  | 41 |
Allowance for credit losses for all loans |  | $ | 1,198 |  |  | $ | 365 |  |  | $ | 833 |
Schedule of Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss included in stockholders’ equity as of December 31, 2022 and 2021 are as follows (in thousands):
|  | Unrealized Gain |
|  | (Loss) on |
|  | Securities |
December 31, 2022 |  |  |
Net unrealized losses on securities available-for-sale |  | $ | (213,387 | )
Tax benefit |  |  | 61,880 |
Balance at December 31, 2022 |  | $ | (151,507 | )
December 31, 2021 |  |  |
Net unrealized losses on securities available-for-sale |  | $ | (1,170 | )
Tax benefit |  |  | 339 |
Balance at December 31, 2021 |  | $ | (831 | )
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Loss | Amounts reclassified from accumulated other comprehensive loss and the affected line items in the statements of income during the years ended December 31, 2022, 2021, and 2020, were as follows (in thousands):
|  | Amounts Reclassified from Other Comprehensive Income |  |  | Affected Line Item in the
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Statements of Income
Realized gains on available-for-sale securities |  | $ | 33 |  |  | $ | 124 |  |  | $ | 1,106 |  |  | Securities gains, net (total reclassified amount before tax)
|  |  | (10 | ) |  |  | (36 | ) |  |  | (321 | ) |  | Tax expense
Total reclassifications out of accumulated other comprehensive income |  | $ | 23 |  |  | $ | 88 |  |  | $ | 785 |  |  | Net reclassified amount

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