XML 74 R62.htm IDEA: XBRL DOCUMENT v3.22.4
LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowance for Loan Losses Activity by Portfolio Segment (Details) - USD ($)
12 Months Ended
Jan. 01, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period $ 24,797,000 $ 35,273,000 $ 49,006,000 $ 24,797,000
Impact of CECL adoption - purchased loans with credit deterioration 231,000      
Loans charged-off   (2,584,000) (2,751,000) (2,854,000)
Recoveries of loans charged-off   1,888,000 1,980,000 1,650,000
Net loans (charged-off) recovered   (696,000) (771,000) (1,204,000)
Provision for (reversal of) loan losses   1,938,000 (12,962,000) 20,110,000 [1]
Balance at end of period   36,515,000 35,273,000 49,006,000
Construction real estate loans        
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period 3,539,000 3,787,000 6,490,000 3,539,000
Loans charged-off   0 0 (40,000)
Recoveries of loans charged-off   2,000 2,000 28,000
Net loans (charged-off) recovered   2,000 2,000 (12,000)
Provision for (reversal of) loan losses   (625,000) (2,705,000) 10,000 [1]
Balance at end of period   3,164,000 3,787,000 6,490,000
1-4 family residential real estate loans        
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period 3,833,000 1,866,000 2,270,000 3,833,000
Loans charged-off   (69,000) (136,000) (152,000)
Recoveries of loans charged-off   107,000 75,000 32,000
Net loans (charged-off) recovered   38,000 (61,000) (120,000)
Provision for (reversal of) loan losses   269,000 (343,000) 10,000 [1]
Balance at end of period   2,173,000 1,866,000 2,270,000
Commercial real estate loans        
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period 9,572,000 26,980,000 35,709,000 9,572,000
Loans charged-off   0 0 (33,000)
Recoveries of loans charged-off   81,000 87,000 102,000
Net loans (charged-off) recovered   81,000 87,000 69,000
Provision for (reversal of) loan losses   1,640,000 (8,816,000) 18,005,000 [1]
Balance at end of period   28,701,000 26,980,000 35,709,000
Commercial loans        
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period 6,351,000 2,397,000 4,107,000 6,351,000
Loans charged-off   (792,000) (1,004,000) (823,000)
Recoveries of loans charged-off   593,000 674,000 310,000
Net loans (charged-off) recovered   (199,000) (330,000) (513,000)
Provision for (reversal of) loan losses   37,000 (1,380,000) 1,823,000 [1]
Balance at end of period   2,235,000 2,397,000 4,107,000
Municipal loans        
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period 570,000 47,000 46,000 570,000
Loans charged-off   0 0 0
Recoveries of loans charged-off   0 0 0
Net loans (charged-off) recovered   0 0 0
Provision for (reversal of) loan losses   (2,000) 1,000 (2,000) [1]
Balance at end of period   45,000 47,000 46,000
Loans to individuals        
Allowance for Loan Losses [Roll Forward]        
Balance at beginning of period $ 932,000 196,000 384,000 932,000
Loans charged-off   (1,723,000) (1,611,000) (1,806,000)
Recoveries of loans charged-off   1,105,000 1,142,000 1,178,000
Net loans (charged-off) recovered   (618,000) (469,000) (628,000)
Provision for (reversal of) loan losses   619,000 281,000 264,000 [1]
Balance at end of period   $ 197,000 $ 196,000 384,000
Impact of CECL adoption        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       5,072,000
Impact of CECL adoption - purchased loans with credit deterioration       231,000
Impact of CECL adoption | Construction real estate loans        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       2,968,000
Impact of CECL adoption - purchased loans with credit deterioration       (15,000)
Impact of CECL adoption | 1-4 family residential real estate loans        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       (1,447,000)
Impact of CECL adoption - purchased loans with credit deterioration       (6,000)
Impact of CECL adoption | Commercial real estate loans        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       7,730,000
Impact of CECL adoption - purchased loans with credit deterioration       333,000
Impact of CECL adoption | Commercial loans        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       (3,532,000)
Impact of CECL adoption - purchased loans with credit deterioration       (22,000)
Impact of CECL adoption | Municipal loans        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       (522,000)
Impact of CECL adoption - purchased loans with credit deterioration       0
Impact of CECL adoption | Loans to individuals        
Allowance for Loan Losses [Roll Forward]        
Impact of CECL adoption - cumulative effect adjustment       (125,000)
Impact of CECL adoption - purchased loans with credit deterioration       $ (59,000)
[1] The increase in the provision for credit losses during 2020 was primarily due to the economic impact of COVID-19 on macroeconomic factors used in the CECL methodology.