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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loans by Portfolio Segment
Loans in the accompanying consolidated balance sheets are classified as follows (in thousands):    
March 31, 2025December 31, 2024
Real estate loans:  
Construction$458,101 $537,827 
1-4 family residential741,432 740,396 
Commercial2,577,229 2,579,735 
Commercial loans371,643 363,167 
Municipal loans371,271 390,968 
Loans to individuals47,563 49,504 
Total loans4,567,239 4,661,597 
Less: Allowance for loan losses44,623 44,884 
Net loans$4,522,616 $4,616,713 
Summary of loans by credit quality indicators and origination year
The following tables set forth the amortized cost basis by class of financing receivable and credit quality indicator for the periods presented (in thousands):
March 31, 2025Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20252024202320222021Prior
Construction real estate:
Pass$13,462 $131,608 $98,543 $32,682 $17,409 $6,933 $137,472 $438,109 
Pass watch— 198 — 511 — 1,214 17,403 19,326 
Special mention— — — — 424 65 — 489 
Substandard— — 109 — 58 10 — 177 
Doubtful— — — — — — — — 
Total construction real estate$13,462 $131,806 $98,652 $33,193 $17,891 $8,222 $154,875 $458,101 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
1-4 family residential real estate:
Pass$9,213 $43,478 $69,628 $152,425 $136,485 $323,153 $1,550 $735,932 
Pass watch— — — — — — — — 
Special mention— — — — 502 40 — 542 
Substandard— 48 225 — 221 3,948 — 4,442 
Doubtful— 357 — — — 159 — 516 
Total 1-4 family residential real estate$9,213 $43,883 $69,853 $152,425 $137,208 $327,300 $1,550 $741,432 
Current period gross charge-offs$— $— $— $— $— $13 $— $13 
Commercial real estate:
Pass$139,386 $318,388 $389,120 $558,687 $481,815 $336,838 $44,496 $2,268,730 
Pass watch— — 11,778 136,111 — 40,901 957 189,747 
Special mention— — — 59,811 172 279 — 60,262 
Substandard— — — 46,145 6,307 5,985 — 58,437 
Doubtful— — — — — 53 — 53 
Total commercial real estate$139,386 $318,388 $400,898 $800,754 $488,294 $384,056 $45,453 $2,577,229 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial loans:
Pass$24,706 $76,497 $46,818 $34,697 $11,888 $7,733 $156,552 $358,891 
Pass watch1,272 189 146 655 898 201 5,674 9,035 
Special mention— — 109 27 61 — 185 382 
Substandard164 1,422 168 325 73 20 351 2,523 
Doubtful— 36 408 135 195 38 — 812 
Total commercial loans$26,142 $78,144 $47,649 $35,839 $13,115 $7,992 $162,762 $371,643 
Current period gross charge-offs$— $74 $34 $34 $13 $1 $— $156 
Municipal loans:
Pass$— $1,876 $34,003 $56,331 $63,195 $215,866 $— $371,271 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$— $1,876 $34,003 $56,331 $63,195 $215,866 $— $371,271 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Loans to individuals:
Pass$6,503 $14,725 $8,906 $6,584 $5,011 $3,172 $2,601 $47,502 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard10 — 2 24 — 3 1 40 
Doubtful— — 6 12 2 1 — 21 
Total loans to individuals$6,513 $14,725 $8,914 $6,620 $5,013 $3,176 $2,602 $47,563 
Current period gross charge-offs (1)
$365 $14 $7 $50 $— $8 $— $444 
Total loans$194,716 $588,822 $659,969 $1,085,162 $724,716 $946,612 $367,242 $4,567,239 
Total current period gross charge-offs (1)
$365 $88 $41 $84 $13 $22 $— $613 
(1) Includes $279,000 in charged off demand deposit overdrafts reported as 2025 originations.
December 31, 2024Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20242023202220212020Prior
Construction real estate:
Pass$130,555 $122,724 $46,499 $17,710 $3,564 $5,923 $132,096 $459,071 
Pass watch209 — 59,700 — 574 591 16,999 78,073 
Special mention— — — 429 — 72 — 501 
Substandard— 112 — 59 — — — 171 
Doubtful— — — — — 11 — 11 
Total construction real estate$130,764 $122,836 $106,199 $18,198 $4,138 $6,597 $149,095 $537,827 
Current period gross charge-offs$— $24 $— $— $— $— $— $24 
1-4 family residential real estate:
Pass$43,040 $65,458 $153,335 $139,048 $106,116 $226,550 $1,524 $735,071 
Pass watch— — — — — — — — 
Special mention— — — 505 — — — 505 
Substandard50 225 — 225 1,326 2,833 — 4,659 
Doubtful— — — — — 161 — 161 
Total 1-4 family residential real estate$43,090 $65,683 $153,335 $139,778 $107,442 $229,544 $1,524 $740,396 
Current period gross charge-offs$— $31 $— $— $10 $220 $— $261 
Commercial real estate:
Pass$363,370 $410,213 $632,216 $509,927 $132,562 $223,551 $41,568 $2,313,407 
Pass watch— 11,953 65,206 22,440 4,090 24,599 983 129,271 
Special mention3,983 — 79,280 175 — 13,232 — 96,670 
Substandard— — 27,994 6,409 250 5,649 — 40,302 
Doubtful— — — — — 85 — 85 
Total commercial real estate$367,353 $422,166 $804,696 $538,951 $136,902 $267,116 $42,551 $2,579,735 
Current period gross charge-offs$— $— $— $— $— $78 $— $78 
Commercial loans:
Pass$83,118 $51,895 $39,449 $13,887 $5,875 $3,091 $155,671 $352,986 
Pass watch— 30 603 787 29 513 4,972 6,934 
Special mention— 327 29 83 — 101 180 720 
Substandard365 99 281 137 22 1 1,100 2,005 
Doubtful31 244 134 61 — 52 — 522 
Total commercial loans$83,514 $52,595 $40,496 $14,955 $5,926 $3,758 $161,923 $363,167 
Current period gross charge-offs$24 $462 $590 $85 $— $12 $— $1,173 
Municipal loans:
Pass$1,949 $34,398 $57,862 $64,041 $41,115 $188,309 $— $387,674 
Pass watch— — — — 892 2,402 — 3,294 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$1,949 $34,398 $57,862 $64,041 $42,007 $190,711 $— $390,968 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Loans to individuals:
Pass$18,765 $10,881 $7,719 $5,949 $2,900 $949 $2,215 $49,378 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— 2 28 — — 4 1 35 
Doubtful— 8 67 2 8 6 — 91 
Total loans to individuals$18,765 $10,891 $7,814 $5,951 $2,908 $959 $2,216 $49,504 
Current period gross charge-offs$1,655 $34 $43 $26 $33 $33 $— $1,824 
Total loans$645,435 $708,569 $1,170,402 $781,874 $299,323 $698,685 $357,309 $4,661,597 
Total current period gross charge-offs (1)
$1,679 $551 $633 $111 $43 $343 $— $3,360 
(1) Includes $1.2 million in charged off demand deposit overdrafts reported as 2024 originations.
Aging of past due loans by class of loan
The following tables present the aging of the amortized cost basis in past due loans by class of loans (in thousands):
 March 31, 2025
 
30-59 Days
Past Due
60-89 Days
Past Due
Greater than 90 Days Past Due
Total Past
Due
CurrentTotal
Real estate loans:     
Construction$1,110 $— $— $1,110 $456,991 $458,101 
1-4 family residential3,432 384 173 3,989 737,443 741,432 
Commercial2,048 35 82 2,165 2,575,064 2,577,229 
Commercial loans2,655 2,280 798 5,733 365,910 371,643 
Municipal loans— — — — 371,271 371,271 
Loans to individuals65 — — 65 47,498 47,563 
Total$9,310 $2,699 $1,053 $13,062 $4,554,177 $4,567,239 
December 31, 2024
30-59 Days Past Due60-89 Days Past DueGreater than 90 Days
Past Due
Total Past
Due
CurrentTotal
Real estate loans:
Construction$92 $5 $— $97 $537,730 $537,827 
1-4 family residential3,217 1,328 262 4,807 735,589 740,396 
Commercial2,054 331 — 2,385 2,577,350 2,579,735 
Commercial loans2,881 649 407 3,937 359,230 363,167 
Municipal loans— — — — 390,968 390,968 
Loans to individuals108 48 20 176 49,328 49,504 
Total$8,352 $2,361 $689 $11,402 $4,650,195 $4,661,597 
Nonperforming assets by asset class
The following table sets forth the amortized cost basis of nonperforming assets for the periods presented (in thousands):
 March 31, 2025December 31, 2024
Nonaccrual loans:
Real estate loans:
Construction$110 $122 
1-4 family residential2,032 1,734 
Commercial217 171 
Commercial loans1,874 1,067 
Loans to individuals21 91 
Total nonaccrual loans (1)
4,254 3,185 
Accruing loans past due more than 90 days— — 
Restructured loans27,505 2 
OREO388 388 
Repossessed assets46 14 
Total nonperforming assets$32,193 $3,589 

(1)    Includes $38,000 and $63,000 of restructured loans as of March 31, 2025 and December 31, 2024, respectively.
Allowance for loan losses activity by portfolio segment
The following tables detail activity in the allowance for loan losses by portfolio segment for the periods presented (in thousands):
 Three Months Ended March 31, 2025
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$3,958 $2,780 $35,526 $2,448 $16 $156 $44,884 
Loans charged-off— (13)— (156)— (444)(613)
Recoveries of loans charged-off— 8 5 102 — 195 310 
Net loans (charged-off)
recovered		— (5)5 (54)— (249)(303)
Provision for (reversal of) loan losses(71)(66)(801)734 (2)248 42 
Balance at end of period$3,887 $2,709 $34,730 $3,128 $14 $155 $44,623 


 Three Months Ended March 31, 2024
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$5,287 $2,840 $32,266 $2,086 $19 $176 $42,674 
Loans charged-off— (22)— (151)— (461)(634)
Recoveries of loans charged-off— 11 3 56 — 277 347 
Net loans (charged-off)
recovered		— (11)3 (95)— (184)(287)
Provision for (reversal of) loan losses (367)(61)624 783 — 191 1,170 
Balance at end of period$4,920 $2,768 $32,893 $2,774 $19 $183 $43,557