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Note 6 - Allowance for Credit Losses

12 Months Ended

Dec. 31, 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.

	*Year Ended December 31, 2023*
(Amounts in thousands)	*Commercial*			*Consumer Real Estate*			*Consumer and Other*			*Total 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 (recovery of) credit losses - loans		2,217			125			6,093			8,435
Provision for (recovery of) credit losses - loan commitments		(421	)		(35	)		6			(450	)
Total provision for credit losses - loans and loan commitments		1,796			90			6,099			7,985
Charge-offs		(753	)		(412	)		(7,660	)		(8,825	)
Recoveries		1,721			520			1,771			4,012
Net (charge-offs) recoveries		968			108			(5,889	)		(4,813	)
Allowance for credit losses - loans		21,850			9,693			4,646			36,189
Allowance for credit losses - loan commitments		597			121			28			746
Ending balance	$	22,447		$	9,814		$	4,674		$	36,935

	*Year Ended December 31, 2022*
(Amounts in thousands)	*Commercial*			*Consumer Real Estate*			*Consumer and Other*			*Total 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 (recovery of) credit losses - loans		431			(1,121	)		7,262			6,572
Provision for (recovery of) credit losses - loan commitments		442			68			8			518
Total provision for credit losses - loans and loan commitments		873			(1,053	)		7,270			7,090
Charge-offs		(633	)		(427	)		(6,743	)		(7,803	)
Recoveries		2,640			507			782			3,929
Net (charge-offs) recoveries		2,007			80			(5,961	)		(3,874	)
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
Ending balance	$	18,231		$	9,087		$	4,434		$	31,752