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Note 6 - Allowance for Credit Losses | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Allowance for Credit Losses [Text Block] | 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, 2024 |
|  |  |  |  |  | Consumer Real |  |  | Consumer and |  |  | Total |
(Amounts in thousands) |  | Commercial |  |  | Estate |  |  | Other |  |  | Allowance |
Total allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of quarter: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses - loans |  | $ | 21,052 |  |  | $ | 9,701 |  |  | $ | 4,708 |  |  | $ | 35,461 |
Allowance for credit losses - loan commitments |  |  | 597 |  |  |  | 121 |  |  |  | 28 |  |  |  | 746 |
Total allowance for credit losses beginning of year |  |  | 21,649 |  |  |  | 9,822 |  |  |  | 4,736 |  |  |  | 36,207 |
Provision for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision (recovery) for credit losses - loans |  |  | (634 | ) |  |  | 193 |  |  |  | 890 |  |  |  | 449 |
Provision for credit losses - loan commitments |  |  | (308 | ) |  |  | (3 | ) |  |  | 6 |  |  |  | (305 | )
Total (recovery) provision for credit losses - loans and loan commitments |  |  | (942 | ) |  |  | 190 |  |  |  | 896 |  |  |  | 144 |
Charge-offs |  |  | (194 | ) |  |  | (63 | ) |  |  | (1,342 | ) |  |  | (1,599 | )
Recoveries |  |  | 128 |  |  |  | 48 |  |  |  | 398 |  |  |  | 574 |
Net charge-offs |  |  | (66 | ) |  |  | (15 | ) |  |  | (944 | ) |  |  | (1,025 | )
Allowance for credit losses - loans |  |  | 20,352 |  |  |  | 9,879 |  |  |  | 4,654 |  |  |  | 34,885 |
Allowance for credit losses - loan commitments |  |  | 289 |  |  |  | 118 |  |  |  | 34 |  |  |  | 441 |
Ending balance |  | $ | 20,641 |  |  | $ | 9,997 |  |  | $ | 4,688 |  |  | $ | 35,326 |
|  | 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 |
(Recovery) provision for credit losses - loan commitments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total (recovery) 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 |
|  | Six Months Ended June 30, 2024 |
|  |  |  |  |  | Consumer Real |  |  | Consumer and |  |  | Total |
(Amounts in thousands) |  | Commercial |  |  | Estate |  |  | Other |  |  | Allowance |
Total allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses - loans |  | $ | 21,850 |  |  | $ | 9,693 |  |  | $ | 4,646 |  |  | $ | 36,189 |
Allowance for credit losses - loan commitments |  |  | 597 |  |  |  | 121 |  |  |  | 28 |  |  |  | 746 |
Total allowance for credit losses beginning of year |  |  | 22,447 |  |  |  | 9,814 |  |  |  | 4,674 |  |  |  | 36,935 |
Purchased credit deteriorated -Surrey acquisition |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Provision for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision (recovery) for credit losses - loans |  |  | (1,186 | ) |  |  | 58 |  |  |  | 2,588 |  |  |  | 1,460 |
Recovery of credit losses - loan commitments |  |  | (308 | ) |  |  | (3 | ) |  |  | 6 |  |  |  | (305 | )
Total (recovery) provision for credit losses - loans and loan commitments |  |  | (1,494 | ) |  |  | 55 |  |  |  | 2,594 |  |  |  | 1,155 |
Charge-offs |  |  | (556 | ) |  |  | (129 | ) |  |  | (3,362 | ) |  |  | (4,047 | )
Recoveries |  |  | 244 |  |  |  | 257 |  |  |  | 782 |  |  |  | 1,283 |
Net (charge-offs) recoveries |  |  | (312 | ) |  |  | 128 |  |  |  | (2,580 | ) |  |  | (2,764 | )
Allowance for credit losses - loans |  |  | 20,352 |  |  |  | 9,879 |  |  |  | 4,654 |  |  |  | 34,885 |
Allowance for credit losses - loan commitments |  |  | 289 |  |  |  | 118 |  |  |  | 34 |  |  |  | 441 |
Ending balance |  | $ | 20,641 |  |  | $ | 9,997 |  |  | $ | 4,688 |  |  | $ | 35,326 |
|  | 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) provision for credit losses - loan commitments |  |  | (232 | ) |  |  | (6 | ) |  |  | 6 |  |  |  | (232 | )
Total (recovery) 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 |

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