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Note 6 - Allowance for Credit Losses

6 Months Ended

Jun. 30, 2024

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