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Loans (Tables)
12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of Loan Portfolio Segments and Classes
The table below identifies the Company's loan portfolio segments and classes.
Portfolio SegmentClass of Financing Receivable
CommercialOwner occupied real estate
Non–owner occupied real estate
Residential spec homes
Development & spec land
Commercial & industrial
Real estateResidential mortgage
Residential construction
Mortgage warehouseMortgage warehouse
ConsumerDirect installment
Indirect installment
Home equity
Schedule of Loans Outstanding by Portfolio Class
The following table presents total loans outstanding by portfolio class, as of December 31, 2023 and 2022.
December 31,
2023
December 31,
2022
Commercial
Owner occupied real estate$640,731 $594,562 
Non–owner occupied real estate1,273,838 1,187,077 
Residential spec homes13,489 10,838 
Development & spec land34,039 27,358 
Commercial & industrial712,863 647,587 
Total commercial2,674,960 2,467,422 
Real estate
Residential mortgage654,295 612,551 
Residential construction26,841 40,741 
Mortgage warehouse45,078 69,529 
Total real estate726,214 722,821 
Consumer
Direct installment52,366 56,614 
Indirect installment399,946 500,549 
Home equity564,144 410,592 
Total consumer1,016,456 967,755 
Total loans4,417,630 4,157,998 
Allowance for credit losses(50,029)(50,464)
Net loans$4,367,601 $4,107,534 
Schedule of Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans at December 31, 2023:
December 31, 2023
Non–accrualLoans Past
Due Over 90
Days Still
Accruing
Non–accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$2,636 $— $1,789 
Non–owner occupied real estate3,485 — 1,242 
Residential spec homes— — — 
Development & spec land617 — 617 
Commercial and industrial624 — 20 
Total commercial7,362 — 3,668 
Real estate
Residential mortgage8,058 — — 
Residential construction— — — 
Mortgage warehouse— — — 
Total real estate8,058 — — 
Consumer
Direct installment88 — — 
Indirect installment899 299 — 
Home equity3,303 260 — 
Total consumer4,290 559 — 
Total$19,710 $559 $3,668 
The following table presents non–accrual loans, loans past due over 90 days still on accrual, and troubled debt restructured loans by class of loans at December 31, 2022:
December 31, 2022
Non–accrualLoans Past
Due Over 90
Days Still
Accruing
Non–performing
TDRs
Performing
TDRs
TotalNon–performing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$3,423 $— $— $568 3,991 $3,805 
Non–owner occupied real estate3,866 — — 269 4,135 2,211 
Residential spec homes101 — — — 101 101 
Development & spec land815 — — — 815 65 
Commercial and industrial288 — — — 288 288 
Total commercial8,493 — — 837 9,330 6,470 
Real estate
Residential mortgage5,479 43 1,210 1,391 8,123 8,123 
Residential construction— — — — — — 
Mortgage warehouse— — — — — — 
Total real estate5,479 43 1,210 1,391 8,123 8,123 
Consumer
Direct installment138 26 — — 164 164 
Indirect installment745 23 — — 768 768 
Home equity2,775 — 338 342 3,455 3,455 
Total consumer3,658 49 338 342 4,387 4,387 
Total$17,630 $92 $1,548 $2,570 $21,840 $18,980 
Schedule of Payment Status by Class of Loan
The following table presents the payment status by class of loan at December 31, 2023:
December 31, 2023
Current30–59 Days
Past Due
60–89 Days
Past Due
90 Days or
Greater
Past Due
Total Past DueTotal Loans
Commercial
Owner occupied real estate$638,389 $2,342 — — $2,342 $640,731 
Non–owner occupied real estate1,273,791 — — 47 47 1,273,838 
Residential spec homes13,489 — — — — 13,489 
Development & spec land33,036 — 1,003 — 1,003 34,039 
Commercial and industrial710,567 1,659 54 583 2,296 712,863 
Total commercial2,669,272 4,001 1,057 630 5,688 2,674,960 
Real estate
Residential mortgage646,984 2,823 2,353 2,135 7,311 654,295 
Residential construction26,841 — — — — 26,841 
Mortgage warehouse45,078 — — — — 45,078 
Total real estate718,903 2,823 2,353 2,135 7,311 726,214 
Consumer
Direct installment52,001 304 10 51 365 52,366 
Indirect installment393,615 4,958 736 637 6,331 399,946 
Home equity558,062 3,748 1,217 1,117 6,082 564,144 
Total consumer1,003,678 9,010 1,963 1,805 12,778 1,016,456 
Total$4,391,853 $15,834 $5,373 $4,570 $25,777 $4,417,630 
The following table presents the payment status by class of loans, excluding non–accrual loans of $17.6 million and non–performing TDRs $1.5 million of at December 31, 2022:
December 31, 2022
Current30–59 Days
Past Due
60–89 Days
Past Due
90 Days or
Greater
Past Due
Total Past DueTotal
Commercial
Owner occupied real estate$590,870 $269 $— $— $269 $591,139 
Non–owner occupied real estate1,183,195 16 — — 16 1,183,211 
Residential spec homes10,737 — — — — 10,737 
Development & spec land26,513 — 30 — 30 26,543 
Commercial and industrial646,792 507 — — 507 647,299 
Total commercial2,458,107 792 30 — 822 2,458,929 
Real estate
Residential mortgage603,630 1,980 209 43 2,232 605,862 
Residential construction40,741 — — — — 40,741 
Mortgage warehouse69,529 — — — — 69,529 
Total real estate713,900 1,980 209 43 2,232 716,132 
Consumer
Direct installment56,266 168 16 26 210 56,476 
Indirect installment494,341 4,536 904 23 5,463 499,804 
Home equity405,405 1,413 661 — 2,074 407,479 
Total consumer956,012 6,117 1,581 49 7,747 963,759 
Total$4,128,019 $8,889 $1,820 $92 $10,801 $4,138,820 
Schedule of TDRs by Loan Portfolio
The following table presents TDRs by class of loan at December 31, 2022:
December 31, 2022
Non-accrualAccruingTotal
Commercial
Owner occupied real estate$— $568 $568 
Non–owner occupied real estate— 269 269 
Residential spec homes— — — 
Development & spec land— — — 
Commercial and industrial— — — 
Total commercial— 837 837 
Real estate
Residential mortgage1,210 1,391 2,601 
Residential construction— — — 
Mortgage warehouse— — — 
Total real estate1,210 1,391 2,601 
Consumer
Direct installment— — — 
Indirect installment— — — 
Home equity338 342 680 
Total consumer338 342 680 
Total$1,548 $2,570 $4,118 
Schedule of Allowance for Credit Loss Allocated for Collateral Dependent Loans
The tables below present the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses, at December 31, 2023 and 2022.
December 31, 2023
Real EstateAccounts Receivable/EquipmentOtherTotalACL Allocation
Commercial
Owner occupied real estate$2,636 $— $— $2,636 $190 
Non–owner occupied real estate3,485 — — 3,485 699 
Development & spec land617 — — 617 — 
Commercial and industrial563 42 20 625 604 
Total commercial7,301 42 20 7,363 1,493 
Total collateral dependent loans$7,301 $42 $20 $7,363 $1,493 
December 31, 2022
Real EstateAccounts Receivable/EquipmentOtherTotalACL Allocation
Commercial
Owner occupied real estate$3,905 $95 $— $4,000 $215 
Non–owner occupied real estate4,135 — — 4,135 988 
Residential spec homes101 — — 101 — 
Development & spec land815 — — 815 36 
Commercial and industrial— 248 31 279 — 
Total commercial8,956 343 31 9,330 1,239 
Total collateral dependent loans$8,956 $343 $31 $9,330 $1,239 
Schedule of Loans by Credit Grades
The following tables present loans by credit grades and origination year at December 31, 2023.
December 31, 202320232022202120202019PriorRevolving Term
Loans
Revolving
Loans
Total
Commercial
Owner occupied real estate
Pass$66,814 $101,620 $73,199 $44,067 $41,726 $173,913 $93,432 $8,226 $602,997 
Special Mention3,920 490 3,777 — 2,038 8,128 — 452 18,805 
Substandard1,376 — 6,490 966 228 9,339 530 — 18,929 
Doubtful— — — — — — — — — 
Total owner occupied real estate$72,110 $102,110 $83,466 $45,033 $43,992 $191,380 $93,962 $8,678 $640,731 
Gross charge–offs during period$ $ $ $ $ $3 $401 $ $404 
Non–owner occupied real estate
Pass$116,031 $197,702 $149,540 $104,591 $83,394 $303,191 $246,569 $9,878 $1,210,896 
Special Mention1,366 16,135 1,334 254 845 36,590 — — 56,524 
Substandard— — — 185 — 6,233 — — 6,418 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$117,397 $213,837 $150,874 $105,030 $84,239 $346,014 $246,569 $9,878 $1,273,838 
Gross charge–offs during period$ $ $ $ $ $9 $ $ $9 
Residential spec homes
Pass$— $— $498 $— $— $— 5,852 $7,139 $13,489 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$ $ $498 $ $ $ $5,852 $7,139 $13,489 
Gross charge–offs during period$ $ $ $ $ $ $29 $ $29 
Development & spec land
Pass$5,133 $1,477 $990 $390 $247 $3,146 20,236 $170 $31,789 
Special Mention— — — — — — 1,529 — 1,529 
Substandard— — — — — 104 617 — 721 
Doubtful— — — — — — — — — 
Total development & spec land$5,133 $1,477 $990 $390 $247 $3,250 $22,382 $170 $34,039 
Gross charge–offs during period$ $ $ $ $ $ $ $ $ 
Commercial & industrial
Pass$121,969 $151,847 $93,709 $12,154 $20,497 $59,041 60,539 $147,773 $667,529 
Special Mention1,434 726 265 2,137 119 1,305 9,375 18,836 34,197 
Substandard1,595 703 223 211 768 2,404 2,863 2,370 11,137 
Doubtful— — — — — — — — — 
Total commercial & industrial124,998 153,276 94,197 14,502 21,384 62,750 72,777 168,979 712,863 
Gross charge–offs during period$ $33 $ $123 $25 $72 $344 $ $597 
December 31, 202320232022202120202019PriorRevolving Term
Loans
Revolving
Loans
Total
Real estate
Residential mortgage
Performing$40,920 $154,803 $157,480 $85,159 $30,464 $177,411 $— $— $646,237 
Non–performing118 1,591 748 259 647 4,695 — — 8,058 
Total residential mortgage$41,038 $156,394 $158,228 $85,418 $31,111 $182,106 $ $ $654,295 
Gross charge–offs during period$ $28 $ $ $ $20 $ $ $48 
Residential construction
Performing$— $— $— $— $— $— $26,841 $— $26,841 
Non–performing— — — — — — — — — 
Total residential construction$ $ $ $ $ $ $26,841 $ $26,841 
Gross charge–offs during period$ $ $ $ $ $ $ $ $ 
Mortgage warehouse
Performing$— $— $— $— $— $— — $45,078 $45,078 
Non–performing— — — — — — — — — 
Total mortgage warehouse$ $ $ $ $ $ $ $45,078 $45,078 
Gross charge–offs during period$ $ $ $ $ $ $ $ $ 
December 31, 202320232022202120202019PriorRevolving Term
Loans
Revolving
Loans
Total
Consumer
Direct installment
Performing$14,835 $13,447 $7,859 $4,246 $4,449 $5,074 $$2,362 $52,278 
Non–performing— 44 10 — 27 — — 88 
Total direct installment$14,835 $13,491 $7,869 $4,246 $4,476 $5,081 $6 $2,362 $52,366 
Gross charge–offs during period$33 $28 $31 $10 $32 $27 $6 $ $167 
Indirect installment
Performing$65,260 $191,871 $80,773 $35,995 $16,690 $8,159 $— $— $398,748 
Non–performing49 424 312 229 124 60 — — 1,198 
Total indirect installment$65,309 $192,295 $81,085 $36,224 $16,814 $8,219 $ $ $399,946 
Gross charge–offs during period$86 $1,388 $708 $137 $58 $74 $ $ $2,451 
Home equity
Performing$26,376 $21,379 $5,121 $2,447 $3,885 $9,987 12,713 $478,673 $560,581 
Non–performing— 212 — 54 177 260 2,860 — 3,563 
Total home equity26,376 21,591 5,121 2,501 4,062 10,247 15,573 478,673 564,144 
Gross charge–offs during period$ $10 $ $103 $ $91 $13 $ $217 
The following table presents loans by credit grades and origination year at December 31, 2022.
December 31, 202220222021202020192018PriorRevolving Term
Loans
Revolving
Loans
Total
Commercial
Owner occupied real estate
Pass$101,713 $78,352 $50,363 $49,584 $38,068 $166,813 $76,493 $5,163 $566,549 
Special Mention— 6,677 — — 2,729 83 — 9,496 
Substandard1,016 253 983 834 3,116 9,439 2,876 — 18,517 
Doubtful— — — — — — — — — 
Total owner occupied real estate$102,729 $85,282 $51,346 $50,425 $41,184 $178,981 $79,452 $5,163 $594,562 
Non–owner occupied real estate
Pass$183,862 $173,971 $134,394 $91,359 $57,345 $303,174 $182,681 $11,851 $1,138,637 
Special Mention— 1,415 265 883 39,239 617 — — 42,419 
Substandard— — 246 — 3,532 2,243 — — 6,021 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$183,862 $175,386 $134,905 $92,242 $100,116 $306,034 $182,681 $11,851 $1,187,077 
Residential spec homes
Pass$— $779 $— $— $— $— $4,333 $5,626 $10,738 
Special Mention— — — — — — — — — 
Substandard— — — — — — 100 — 100 
Doubtful— — — — — — — — — 
Total residential spec homes$ $779 $ $ $ $ $4,433 $5,626 $10,838 
Development & spec land
Pass$1,586 $1,230 $449 $270 $$9,717 $13,008 $22 $26,287 
Special Mention— — — — — 145 — — 145 
Substandard— — — — — 178 748 — 926 
Doubtful— — — — — — — — — 
Total development & spec land$1,586 $1,230 $449 $270 $5 $10,040 $13,756 $22 $27,358 
Commercial & industrial
Pass$174,482 $118,498 $20,939 $28,383 $28,061 $49,339 $49,276 $159,017 $627,995 
Special Mention718 368 31 53 706 1,551 — 1,208 4,635 
Substandard— 228 2,216 83 1,293 1,648 2,322 7,167 14,957 
Doubtful— — — — — — — — — 
Total commercial & industrial175,200 119,094 23,186 28,519 30,060 52,538 $51,598 167,392 647,587 
December 31, 202220222021202020192018PriorRevolving
Term Loans
Revolving
Loans
Total
Real estate
Residential mortgage
Performing$107,224 $157,387 $91,314 $33,768 $36,147 $178,588 $— $— $604,428 
Non–performing— 493 285 623 631 6,091 — — 8,123 
Total residential mortgage$107,224 $157,880 $91,599 $34,391 $36,778 $184,679 $ $ $612,551 
Residential construction
Performing$— $— $— $— $— $— $40,741 $— $40,741 
Non–performing— — — — — — — — — 
Total residential construction$ $ $ $ $ $ $40,741 $ $40,741 
Mortgage warehouse
Performing$— $— $— $— $— $— — $69,529 $69,529 
Non–performing— — — — — — — — — 
Total mortgage warehouse       69,529 69,529 
December 31, 202220222021202020192018PriorRevolving Term
Loans
Revolving
Loans
Total
Consumer
Direct installment
Performing$18,935 $12,233 $7,182 $7,582 $3,939 $4,419 $$2,151 $56,450 
Non–performing— 50 13 65 25 11 — — 164 
Total direct installment$18,935 $12,283 $7,195 $7,647 $3,964 $4,430 $9 $2,151 $56,614 
Indirect installment
Performing$259,446 $118,961 $60,062 $34,576 $19,062 $7,674 $— $— $499,781 
Non–performing27 169 210 181 101 80 — — 768 
Total indirect installment$259,473 $119,130 $60,272 $34,757 $19,163 $7,754 $ $ $500,549 
Home equity
Performing$26,232 $3,820 $3,355 $4,964 $5,392 $9,463 7,089 $346,822 $407,137 
Non–performing108 16 19 140 152 1,077 1,943 — 3,455 
Total home equity26,340 3,836 3,374 5,104 5,544 10,540 9,032 346,822 410,592