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Loans, net and allowance for loan losses (Tables)
12 Months Ended
Dec. 31, 2022
Loans, net and allowance for loan losses  
Schedule of major classifications of loans outstanding

(Dollars in thousands)

    

December 31, 2022

    

December 31, 2021

    

Commercial

Taxable

$

377,215

$

424,455

Non-taxable

222,043

188,672

Total

599,258

613,127

Real estate

Commercial

1,709,827

 

1,343,539

Residential

330,728

 

297,624

Total

2,040,555

1,641,163

Consumer

Indirect Auto

76,461

65,791

Consumer Other

13,842

 

9,092

Total

90,303

74,883

Total

$

2,730,116

$

2,329,173

Schedule of changes in allowance for loan losses account by major classification of loans

December 31, 2022

 

Real estate  

 

(Dollars in thousands)

Commercial  

Commercial  

Residential  

Consumer 

Total  

 

Allowance for loan losses:

    

    

    

    

    

    

Beginning balance

$

8,453

$

15,928

$

3,209

$

793

$

28,383

Charge-offs

 

(161)

 

(284)

 

(31)

 

(311)

 

(787)

Recoveries

 

40

 

110

 

4

 

171

 

325

Provisions (credits)

 

(2,720)

 

2,161

 

(110)

 

220

 

(449)

Ending balance

$

5,612

$

17,915

$

3,072

$

873

$

27,472

Ending balance: individually evaluated for impairment

 

19

 

 

21

 

 

40

Ending balance: collectively evaluated for impairment

$

5,593

$

17,915

$

3,051

$

873

$

27,432

Loans receivable:

Ending balance

$

599,258

$

1,709,827

$

330,728

$

90,303

$

2,730,116

Ending balance: individually evaluated for impairment

 

98

 

2,063

 

1,760

 

3,921

Ending balance: collectively evaluated for impairment

$

599,160

$

1,707,764

$

328,968

$

90,303

$

2,726,195

December 31, 2021

Real estate  

 

(Dollars in thousands)

Commercial 

Commercial  

Residential  

Consumer  

Total  

Allowance for loan losses:

    

    

    

    

    

    

Beginning balance

$

8,734

$

14,559

$

3,129

$

922

$

27,344

Charge-offs

 

(492)

 

(252)

 

(24)

 

(188)

 

(956)

Recoveries

 

89

 

68

 

7

 

81

 

245

Provisions

 

122

 

1,553

 

97

 

(22)

 

1,750

Ending balance

$

8,453

$

15,928

$

3,209

$

793

$

28,383

Ending balance: individually evaluated for impairment

 

40

 

109

 

26

 

 

175

Ending balance: collectively evaluated for impairment

$

8,413

$

15,819

$

3,183

$

793

$

28,208

Loans receivable:

Ending balance

$

613,127

$

1,343,539

$

297,624

$

74,883

$

2,329,173

Ending balance: individually evaluated for impairment

 

199

 

2,890

 

1,273

 

4,362

Ending balance: collectively evaluated for impairment

$

612,928

$

1,340,649

$

296,351

$

74,883

$

2,324,811

December 31, 2020

Real estate  

 

(Dollars in thousands)

Commercial  

Commercial  

Residential  

Consumer  

Total  

 

Allowance for loan losses:

    

    

    

    

    

    

    

    

    

Beginning balance

$

6,888

$

11,496

$

3,226

$

1,067

$

22,677

Charge-offs

 

(2,771)

 

(144)

 

(247)

 

(317)

 

(3,479)

Recoveries

 

525

 

16

 

57

 

148

 

746

Provisions (credit)

 

4,092

 

3,191

 

93

 

24

 

7,400

Ending balance

$

8,734

$

14,559

$

3,129

$

922

$

27,344

Ending balance: individually evaluated for impairment

 

947

 

180

 

75

 

 

1,202

Ending balance: collectively evaluated for impairment

$

7,787

$

14,379

$

3,054

$

922

$

26,142

Loans receivable:

Ending balance

$

679,286

$

1,137,990

$

277,414

$

83,292

$

2,177,982

Ending balance: individually evaluated for impairment

4,297

 

3,952

 

1,546

 

9,795

Ending balance: collectively evaluated for impairment

$

674,989

$

1,134,038

$

275,868

$

83,292

$

2,168,187

Schedule of major classification of loans portfolio summarized by credit quality

December 31, 2022

 

Special

(Dollars in thousands)

    

Pass

    

Mention

    

Substandard

    

Doubtful

    

Total

 

Commercial

$

590,621

$

7,822

$

815

$

$

599,258

Real estate:

Commercial

 

1,699,041

 

7,509

 

3,277

 

1,709,827

Residential

 

329,098

 

 

1,630

 

330,728

Consumer

 

90,020

 

 

283

 

90,303

Total

$

2,708,780

$

15,331

$

6,005

$

$

2,730,116

December 31, 2021

Special

 

(Dollars in thousands)

    

Pass

    

Mention

    

Substandard

    

Doubtful

    

Total

 

Commercial

$

611,151

$

896

$

1,080

$

$

613,127

Real estate:

Commercial

 

1,324,646

 

13,939

 

4,954

 

1,343,539

Residential

 

294,892

 

333

 

2,399

 

297,624

Consumer

 

74,744

 

 

139

 

74,883

Total

$

2,305,433

$

15,168

$

8,572

$

$

2,329,173

Schedule of information concerning nonaccrual loans by major loan classification

(Dollars in thousands)

    

December 31, 2022

    

December 31, 2021

 

Commercial

$

86

$

185

Real estate:

Commercial

 

1,155

 

1,793

Residential

 

562

 

694

Consumer

 

232

 

139

Total

$

2,035

$

2,811

Schedule of major classifications of loans by past due status

    

December 31, 2022

 

    

    

    

Greater

    

    

    

    

Loans > 90

 

30-59 Days

60-89 Days

than 90

Total Past

Days and

 

(Dollars in thousands)

Past Due  

Past Due  

Days  

Due  

Current  

Total Loans  

Accruing  

 

Commercial

$

137

$

38

$

86

$

261

$

598,997

$

599,258

$

Real estate:

Commercial

 

102

2

 

334

 

438

 

1,709,389

 

1,709,827

Residential

 

1,162

128

988

 

2,278

 

328,450

 

330,728

748

Consumer

 

690

199

 

120

 

1,009

 

89,294

 

90,303

 

Total

$

2,091

$

367

$

1,528

$

3,986

$

2,726,130

$

2,730,116

$

748

    

December 31, 2021

 

    

    

    

Greater

    

    

    

    

Loans > 90

 

30-59 Days

60-89 Days

than 90

Total Past

Days and

 

(Dollars in thousands)

Past Due  

Past Due  

Days  

Due  

Current  

Total Loans  

Accruing  

 

Commercial

$

101

$

155

$

158

$

414

$

612,713

$

613,127

$

Real estate:

Commercial

 

768

423

 

834

 

2,025

 

1,341,514

 

1,343,539

Residential

 

1,552

 

207

 

265

 

2,024

 

295,600

 

297,624

13

Consumer

 

477

 

163

 

51

 

691

 

74,192

 

74,883

 

Total

$

2,898

$

948

$

1,308

$

5,154

$

2,324,019

$

2,329,173

$

13

Summarized information concerning impaired loans

December 31, 2022

For the Year Ended

Unpaid

Average

Interest

 

Recorded

Principal

Related

Recorded

Income

 

(Dollars in thousands)

    

Investment  

    

Balance  

    

Allowance  

    

Investment  

    

Recognized  

 

With no related allowance:

    

    

    

    

    

Commercial

$

78

$

421

$

$

119

$

7

Real estate:

Commercial

 

2,063

 

2,654

 

2,753

 

59

Residential

 

1,520

 

1,733

 

1,036

 

28

Consumer

 

232

 

244

 

218

Total

 

3,893

 

5,052

 

4,126

 

94

With an allowance recorded:

Commercial

 

20

 

20

19

 

27

 

2

Real estate:

Residential

 

240

 

244

 

21

 

286

 

12

Total

 

260

 

264

 

40

 

313

 

14

Total impaired loans

Commercial

 

98

 

441

 

19

 

146

 

9

Real estate:

Commercial

 

2,063

 

2,654

 

 

2,753

 

59

Residential

 

1,760

 

1,977

 

21

 

1,322

 

40

Consumer

 

232

 

244

 

 

218

 

Total

$

4,153

$

5,316

$

40

$

4,439

$

108

December 31, 2021

 

For the Year Ended  

 

Unpaid

Average

Interest

 

Recorded

Principal

Related

Recorded

Income

 

(Dollars in thousands)

    

Investment  

    

Balance  

    

Allowance  

    

Investment  

    

Recognized  

 

With no related allowance:

    

    

    

    

    

Commercial

$

158

$

481

$

$

964

$

13

Real estate:

Commercial

 

2,376

 

3,120

 

2,719

 

22

Residential

 

873

 

1,073

 

1,016

 

19

Consumer

 

139

 

148

 

100

Total

 

3,546

 

4,822

 

4,799

 

54

With an allowance recorded:

Commercial

 

41

 

41

40

 

1,091

 

15

Real estate:

Commercial

 

513

 

543

 

109

 

802

 

22

Residential

 

401

 

401

 

26

 

436

 

13

Consumer

 

 

 

 

Total

 

955

 

985

 

175

 

2,329

 

50

Total impaired loans

Commercial

 

199

 

522

 

40

 

2,055

 

28

Real estate:

Commercial

 

2,889

 

3,663

 

109

 

3,521

 

44

Residential

 

1,274

 

1,474

 

26

 

1,452

 

32

Consumer

 

139

 

148

 

 

100

 

Total

$

4,501

$

5,807

$

175

$

7,128

$

104

December 31, 2020

For the Year Ended

Unpaid

Average

Interest

 

Recorded

Principal

Related

Recorded

Income

 

(Dollars in thousands)

    

Investment  

    

Balance  

    

Allowance  

    

Investment  

    

Recognized  

 

With no related allowance:

    

    

    

    

    

Commercial

$

2,251

$

3,421

$

$

2,915

$

30

Real estate:

Commercial

 

2,372

 

2,964

 

2,148

28

Residential

 

1,086

 

1,263

 

1,223

21

Consumer

 

111

 

121

 

167

Total

 

5,820

 

7,769

 

6,453

79

With an allowance recorded:

Commercial

 

2,046

 

2,094

947

 

2,038

17

Real estate:

Commercial

 

1,580

 

1,710

 

180

 

1,687

 

36

Residential

 

460

 

482

 

75

 

624

 

13

Consumer

Total

 

4,086

 

4,286

 

1,202

 

4,349

 

66

Total impaired loans

Commercial

 

4,297

 

5,515

 

947

 

4,953

 

47

Real estate:

Commercial

 

3,952

 

4,674

 

180

 

3,835

 

64

Residential

 

1,546

 

1,745

 

75

 

1,847

 

34

Consumer

 

111

 

121

 

167

Total

$

9,906

$

12,055

$

1,202

$

10,802

$

145

Summary loans whose terms have been modified resulting in troubled debt restructurings

    

December 31, 2020

    

    

Pre-Modification

    

Post-Modification

    

Number

Outstanding Recorded

Outstanding

Recorded

(Dollars in thousands except number of contracts)

of Contracts 

Investment 

Recorded Investment 

Investment 

Commercial

1

$

12

$

12

$

5

Commercial real estate

 

3

1,073

1,073

1,046

Total

 

4

$

1,085

$

1,085

$

1,051