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Note 6 - Allowance for Credit Losses

6 Months Ended

Jun. 30, 2023

Note 6. Allowance for Credit Losses

The following tables present the changes in the allowance for credit losses, by loan segment, during the periods indicated:

	*Three Months Ended June 30, 2023*
				*Consumer Real*			*Consumer and*			*Total*
(Amounts in thousands)	*Commercial*			*Estate*			*Other*			*Allowance*
Total allowance
Balance at beginning of quarter:
Allowance for credit losses - loans	$	17,269		$	8,995		$	4,525		$	30,789
Allowance for credit losses - loan commitments		786			150			28			964
Total allowance for credit losses beginning of year		18,055			9,145			4,553			31,753
Purchased credit deteriorated -Surrey acquisition		1,452			529			30			2,011
Provision for credit losses:
Provision for credit losses - loans		2,349			380			1,376			4,105
Provision for credit losses - loan commitments		-			-			-			-
Total provision for credit losses - loans and loan commitments		2,349			380			1,376			4,105
Charge-offs		(133	)		(225	)		(1,635	)		(1,993	)
Recoveries		578			277			410			1,265
Net recoveries (charge-offs)		445			52			(1,225	)		(728	)
Allowance for credit losses - loans		21,515			9,956			4,706			36,177
Allowance for credit losses - loan commitments		786			150			28			964
Ending balance	$	22,301		$	10,106		$	4,734		$	37,141

	*Three Months Ended June 30, 2022*
				*Consumer Real*			*Consumer and*			*Total*
(Amounts in thousands)	*Commercial*			*Estate*			*Other*			*Allowance*
Total allowance
Balance at beginning of quarter:
Allowance for credit losses - loans	$	15,896		$	9,764		$	3,321		$	28,981
Allowance for credit losses - loan commitments		663			94			19			776
Total allowance for credit losses beginning of year		16,559			9,858			3,340			29,757
Provision for credit losses:
Provision for credit losses - loans		(808	)		48			1,270			510
Provision (recovery of) for credit losses - loan commitments		191			(6	)		(5	)		180
Total provision for credit losses - loans and loan commitments		(617	)		42			1,265			690
Charge-offs		(151	)		(88	)		(1,230	)		(1,469	)
Recoveries		1,182			325			220			1,727
Net recoveries (charge-offs)		1,031			237			(1,010	)		258
Allowance for credit losses - loans		16,119			10,049			3,581			29,749
Allowance for credit losses - loan commitments		854			88			14			956
Ending balance	$	16,973		$	10,137		$	3,595		$	30,705

	*Six Months Ended June 30, 2023*
				*Consumer Real*			*Consumer and*			*Total*
(Amounts in thousands)	*Commercial*			*Estate*			*Other*			*Allowance*
Total allowance
Balance at beginning of year:
Allowance for credit losses - loans	$	17,213		$	8,931		$	4,412		$	30,556
Allowance for credit losses - loan commitments		1,018			156			22			1,196
Total allowance for credit losses beginning of year		18,231			9,087			4,434			31,752
Purchased credit deteriorated -Surrey acquisition		1,452			529			30			2,011
Provision for credit losses:
Provision for credit losses - loans		2,386			483			3,210			6,079
(Recovery of) provision for credit losses - loan commitments		(232	)		(6	)		6			(232	)
Total provision for credit losses - loans and loan commitments		2,154			477			3,216			5,847
Charge-offs		(306	)		(323	)		(3,934	)		(4,563	)
Recoveries		770			336			988			2,094
Net recoveries (charge-offs)		464			13			(2,946	)		(2,469	)
Allowance for credit losses - loans		21,515			9,956			4,706			36,177
Allowance for credit losses - loan commitments		786			150			28			964
Ending balance	$	22,301		$	10,106		$	4,734		$	37,141

	*Six Months Ended June 30, 2022*
				*Consumer Real*			*Consumer and*			*Total*
(Amounts in thousands)	*Commercial*			*Estate*			*Other*			*Allowance*
Total allowance
Balance at beginning of year:
Allowance for credit losses - loans	$	14,775		$	9,972		$	3,111		$	27,858
Allowance for credit losses - loan commitments		576			88			14			678
Total allowance for credit losses beginning of year		15,351			10,060			3,125			28,536
Provision for credit losses:
Provision for credit losses - loans		300			(193	)		2,364			2,471
(Recovery of) provision for credit losses - loan commitments		278			-			-			278
Total provision for credit losses - loans and loan commitments		578			(193	)		2,364			2,749
Charge-offs		(408	)		(94	)		(2,269	)		(2,771	)
Recoveries		1,452			364			375			2,191
Net recoveries (charge-offs)		1,044			270			(1,894	)		(580	)
Allowance for credit losses - loans		16,119			10,049			3,581			29,749
Allowance for credit losses - loan commitments		854			88			14			956
Ending balance	$	16,973		$	10,137		$	3,595		$	30,705