XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Loans (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Receivables [Abstract] |
Schedule of Loans Segregated by Class | The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of September 30, 2022 and December 31, 2021. Purchased loans are defined as loans that were acquired in bank acquisitions.
| September 30, 2022
(dollars in thousands) | Legacy Loans |  | Purchased Loans |  | Total
Construction, land and land development | $ | 215,731 |  |  | $ | 19,923 |  |  | $ | 235,654 |
Other commercial real estate | 750,531 |  |  | 135,276 |  |  | 885,807 |
Total commercial real estate | 966,262 |  |  | 155,199 |  |  | 1,121,461 |
Residential real estate | 198,377 |  |  | 42,874 |  |  | 241,251 |
Commercial, financial, & agricultural (*) | 191,362 |  |  | 15,223 |  |  | 206,585 |
Consumer and other | 16,256 |  |  | 1,060 |  |  | 17,316 |
Total Loans | $ | 1,372,257 |  |  | $ | 214,356 |  |  | $ | 1,586,613 |
| December 31, 2021
(dollars in thousands) | Legacy Loans |  | Purchased Loans |  | Total
Construction, land and land development | $ | 119,953 |  |  | $ | 45,493 |  |  | $ | 165,446 |
Other commercial real estate | 595,739 |  |  | 191,653 |  |  | 787,392 |
Total commercial real estate | 715,692 |  |  | 237,146 |  |  | 952,838 |
Residential real estate | 159,469 |  |  | 53,058 |  |  | 212,527 |
Commercial, financial, & agricultural (*) | 113,040 |  |  | 41,008 |  |  | 154,048 |
Consumer and other | 16,003 |  |  | 2,561 |  |  | 18,564 |
Total Loans | $ | 1,004,204 |  |  | $ | 333,773 |  |  | $ | 1,337,977 |
(*) Includes $98,000 and $9.0 million in PPP loans at September 30, 2022 and December 31, 2021, respectively.
Loan Portfolio by Credit Quality Indicators | The following table presents the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of September 30, 2022 and December 31, 2021. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes.
(dollars in thousands) | Pass |  | Special Mention |  | Substandard |  | Total Loans
September 30, 2022 |  |  |  |  |  |  |
Construction, land and land development | $ | 215,087 |  |  | $ | 240 |  |  | $ | 404 |  |  | $ | 215,731 |
Other commercial real estate | 726,455 |  |  | 14,872 |  |  | 9,204 |  |  | 750,531 |
Total commercial real estate | 941,542 |  |  | 15,112 |  |  | 9,608 |  |  | 966,262 |
Residential real estate | 188,721 |  |  | 5,819 |  |  | 3,837 |  |  | 198,377 |
Commercial, financial, & agricultural | 189,093 |  |  | 802 |  |  | 1,467 |  |  | 191,362 |
Consumer and other | 16,149 |  |  | 58 |  |  | 49 |  |  | 16,256 |
Total Loans | $ | 1,335,505 |  |  | $ | 21,791 |  |  | $ | 14,961 |  |  | $ | 1,372,257 |
(dollars in thousands) |  |  |  |  |  |  |
December 31, 2021 |  |  |  |  |  |  |
Construction, land and land development | $ | 117,044 |  |  | $ | 2,634 |  |  | $ | 275 |  |  | $ | 119,953 |
Other commercial real estate | 562,228 |  |  | 25,718 |  |  | 7,793 |  |  | 595,739 |
Total commercial real estate | 679,272 |  |  | 28,352 |  |  | 8,068 |  |  | 715,692 |
Residential real estate | 148,507 |  |  | 5,733 |  |  | 5,229 |  |  | 159,469 |
Commercial, financial, & agricultural | 110,267 |  |  | 1,488 |  |  | 1,285 |  |  | 113,040 |
Consumer and other | 15,787 |  |  | 78 |  |  | $ | 138 |  |  | 16,003 |
Total Loans | $ | 953,833 |  |  | $ | 35,651 |  |  | $ | 14,720 |  |  | $ | 1,004,204 |
The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of September 30, 2022 and December 31, 2021. Those loans with a risk grade of 1, 2, 3, 4 or 5 have been combined in the pass column for presentation purposes. For the period ending September 30, 2022, the Company did not have any loans classified as “doubtful” or a “loss”.
(dollars in thousands) | Pass |  | Special Mention |  | Substandard |  | Total Loans
September 30, 2022 |  |  |  |  |  |  |
Construction, land and land development | $ | 19,923 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,923 |
Other commercial real estate | 131,111 |  |  | 3,117 |  |  | 1,048 |  |  | 135,276 |
Total commercial real estate | 151,034 |  |  | 3,117 |  |  | 1,048 |  |  | 155,199 |
Residential real estate | 40,444 |  |  | 632 |  |  | 1,798 |  |  | 42,874 |
Commercial, financial, & agricultural | 14,638 |  |  | 82 |  |  | 503 |  |  | 15,223 |
Consumer and other | 1,060 |  |  | — |  |  | — |  |  | 1,060 |
Total Loans | $ | 207,176 |  |  | $ | 3,831 |  |  | $ | 3,349 |  |  | $ | 214,356 |
December 31, 2021 |  |  |  |  |  |  |
Construction, land and land development | $ | 45,432 |  |  | $ | — |  |  | $ | 61 |  |  | $ | 45,493 |
Other commercial real estate | 186,905 |  |  | 3,518 |  |  | 1,230 |  |  | 191,653 |
Total commercial real estate | 232,337 |  |  | 3,518 |  |  | 1,291 |  |  | 237,146 |
Residential real estate | 49,875 |  |  | 563 |  |  | 2,620 |  |  | 53,058 |
Commercial, financial, & agricultural | 40,711 |  |  | — |  |  | 297 |  |  | 41,008 |
Consumer and other | 2,558 |  |  | 3 |  |  | — |  |  | 2,561 |
Total Loans | $ | 325,481 |  |  | $ | 4,084 |  |  | $ | 4,208 |  |  | $ | 333,773 |
Age Analysis of Past Due Loans and Nonaccrual Loans | The following table presents the aging of the amortized cost basis in legacy loans by aging category and accrual status as of September 30, 2022 and December 31, 2021:
(dollars in thousands) | 30-89 Days Past Due |  | 90 Days or More Past Due |  | Total Accruing Loans Past Due |  | Nonaccrual Loans |  | Current Loans |  | Total Loans
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | $ | 315 |  |  | $ | — |  |  | $ | 315 |  |  | $ | 143 |  |  | $ | 215,273 |  |  | $ | 215,731 |
Other commercial real estate | 650 |  |  | — |  |  | 650 |  |  | 1,283 |  |  | 748,598 |  |  | 750,531 |
Total commercial real estate | 965 |  |  | — |  |  | 965 |  |  | 1,426 |  |  | 963,871 |  |  | 966,262 |
Residential real estate | 411 |  |  | — |  |  | 411 |  |  | 1,457 |  |  | 196,509 |  |  | 198,377 |
Commercial, financial, & agricultural | 159 |  |  | — |  |  | 159 |  |  | 900 |  |  | 190,303 |  |  | 191,362 |
Consumer and other | 29 |  |  | — |  |  | 29 |  |  | 26 |  |  | 16,201 |  |  | 16,256 |
Total Loans | $ | 1,564 |  |  | $ | — |  |  | $ | 1,564 |  |  | $ | 3,809 |  |  | $ | 1,366,884 |  |  | $ | 1,372,257 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | $ | 6 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | 119,947 |  |  | $ | 119,953 |
Other commercial real estate | 349 |  |  | — |  |  | 349 |  |  | 577 |  |  | 594,813 |  |  | 595,739 |
Total commercial real estate | 355 |  |  | — |  |  | 355 |  |  | 577 |  |  | 714,760 |  |  | 715,692 |
Residential real estate | 421 |  |  | — |  |  | 421 |  |  | 2,641 |  |  | 156,407 |  |  | 159,469 |
Commercial, financial, & agricultural | 69 |  |  | — |  |  | 69 |  |  | 708 |  |  | 112,263 |  |  | 113,040 |
Consumer and other | 93 |  |  | — |  |  | 93 |  |  | 26 |  |  | 15,884 |  |  | 16,003 |
Total Loans | $ | 938 |  |  | $ | — |  |  | $ | 938 |  |  | $ | 3,952 |  |  | $ | 999,314 |  |  | $ | 1,004,204 |
The following table presents the aging of the amortized cost basis in purchased loans by aging category and accrual status as of September 30, 2022 and December 31, 2021:
(dollars in thousands) | 30-89 Days Past Due |  | 90 Days or More Past Due |  | Total Accruing Loans Past Due |  | Nonaccrual Loans |  | Current Loans |  | Total Loans
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19,923 |  |  | $ | 19,923 |
Other commercial real estate | — |  |  | — |  |  | — |  |  | 126 |  |  | 135,150 |  |  | 135,276 |
Total commercial real estate | — |  |  | — |  |  | — |  |  | 126 |  |  | 155,073 |  |  | 155,199 |
Residential real estate | 125 |  |  | — |  |  | 125 |  |  | 864 |  |  | 41,885 |  |  | 42,874 |
Commercial, financial, & agricultural | — |  |  | — |  |  | — |  |  | 503 |  |  | 14,720 |  |  | 15,223 |
Consumer and other | — |  |  | — |  |  | — |  |  | — |  |  | 1,060 |  |  | 1,060 |
Total Loans | $ | 125 |  |  | $ | — |  |  | $ | 125 |  |  | $ | 1,493 |  |  | $ | 212,738 |  |  | $ | 214,356 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | $ | 2,680 |  |  | $ | — |  |  | $ | 2,680 |  |  | $ | 31 |  |  | $ | 42,782 |  |  | $ | 45,493 |
Other commercial real estate | — |  |  | — |  |  | — |  |  | 260 |  |  | 191,393 |  |  | 191,653 |
Total commercial real estate | 2,680 |  |  | — |  |  | 2,680 |  |  | 291 |  |  | 234,175 |  |  | 237,146 |
Residential real estate | 560 |  |  | — |  |  | 560 |  |  | 1,198 |  |  | 51,300 |  |  | 53,058 |
Commercial, financial, & agricultural | 389 |  |  | — |  |  | 389 |  |  | — |  |  | 40,619 |  |  | 41,008 |
Consumer and other | — |  |  | — |  |  | — |  |  | 8 |  |  | 2,553 |  |  | 2,561 |
Total Loans | $ | 3,629 |  |  | $ | — |  |  | $ | 3,629 |  |  | $ | 1,497 |  |  | $ | 328,647 |  |  | $ | 333,773 |
Impaired Loan Data | The following table details impaired loan data, including purchased credit impaired loans, as of September 30, 2022.
| September 30, 2022
(dollars in thousands) | Unpaid Contractual Principal Balance |  | Recorded Investment |  | Related Allowance |  | Average Recorded Investment
With No Related Allowance Recorded |  |  |  |  |  |  |
Construction, land and land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 21 |
Commercial real estate | 4,954 |  |  | 4,954 |  |  | — |  |  | 5,964 |
Residential real estate | 640 |  |  | 640 |  |  | — |  |  | 804 |
Commercial, financial & agriculture | 708 |  |  | 708 |  |  | — |  |  | 325 |
Consumer & other | — |  |  | — |  |  | — |  |  | 1 |
| 6,302 |  |  | 6,302 |  |  | — |  |  | 7,115 |
With An Allowance Recorded |  |  |  |  |  |  |
Construction, land and land development | 235 |  |  | 235 |  |  | 70 |  |  | 59 |
Commercial real estate | 412 |  |  | 412 |  |  | 126 |  |  | 624 |
Residential real estate | 299 |  |  | 350 |  |  | 57 |  |  | 781 |
Commercial, financial & agriculture | 452 |  |  | 456 |  |  | 251 |  |  | 369 |
Consumer & other | — |  |  | — |  |  | — |  |  | — |
| 1,398 |  |  | 1,453 |  |  | 504 |  |  | 1,833 |
Purchased Credit Impaired Loans |  |  |  |  |  |  |
Construction, land and land development | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | 812 |  |  | 812 |  |  | 17 |  |  | 1,061 |
Residential real estate | — |  |  | — |  |  | — |  |  | 14 |
Commercial, financial & agriculture | — |  |  | — |  |  | — |  |  | — |
Consumer & other | — |  |  | — |  |  | — |  |  | 113 |
| 812 |  |  | 812 |  |  | 17 |  |  | 1,188 |
Total |  |  |  |  |  |  |
Construction, land and land development | 235 |  |  | 235 |  |  | 70 |  |  | 80 |
Commercial real estate | 6,178 |  |  | 6,178 |  |  | 143 |  |  | 7,649 |
Residential real estate | 939 |  |  | 990 |  |  | 57 |  |  | 1,599 |
Commercial, financial & agriculture | 1,160 |  |  | 1,164 |  |  | 251 |  |  | 694 |
Consumer & other | — |  |  | — |  |  | — |  |  | 114 |
| $ | 8,512 |  |  | $ | 8,567 |  |  | $ | 521 |  |  | $ | 10,136 |
as of December 31, 2021.
| December 31, 2021 |  |  |  |
(dollars in thousands) | Unpaid Contractual Principal Balance |  | Recorded Investment |  | Related Allowance |  | Average Recorded Investment |  |  |  |
With No Related Allowance Recorded |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | $ | 62 |  |  | $ | 62 |  |  | $ | — |  |  | $ | 4,311 |  |  |  |  |
Commercial real estate | 7,203 |  |  | 6,369 |  |  | — |  |  | 8,113 |  |  |  |  |
Residential real estate | 958 |  |  | 997 |  |  | — |  |  | 1,083 |  |  |  |  |
Commercial, financial & agriculture | 75 |  |  | 75 |  |  | — |  |  | 56 |  |  |  |  |
Consumer & other | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
| 8,298 |  |  | 7,503 |  |  | — |  |  | 13,563 |  |  |  |  |
With An Allowance Recorded |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Commercial real estate | 430 |  |  | 483 |  |  | 148 |  |  | 4,429 |  |  |  |  |
Residential real estate | 685 |  |  | 773 |  |  | 108 |  |  | 1,029 |  |  |  |  |
Commercial, financial & agriculture | — |  |  | — |  |  | — |  |  | 79 |  |  |  |  |
Consumer & other | — |  |  | — |  |  | — |  |  | 1 |  |  |  |  |
| 1,115 |  |  | 1,256 |  |  | 256 |  |  | 5,538 |  |  |  |  |
Purchased Credit Impaired Loans |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | — |  |  | — |  |  | — |  |  | 51 |  |  |  |  |
Commercial real estate | 2,003 |  |  | 1,916 |  |  | 18 |  |  | 802 |  |  |  |  |
Residential real estate | 4 |  |  | — |  |  | 6 |  |  | 7 |  |  |  |  |
Commercial, financial & agriculture | — |  |  | — |  |  | — |  |  | 35 |  |  |  |  |
Consumer & other | 192 |  |  | 73 |  |  | 96 |  |  | 72 |  |  |  |  |
| 2,199 |  |  | 1,989 |  |  | 120 |  |  | 967 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  |  |
Construction, land and land development | 62 |  |  | 62 |  |  | — |  |  | 4,362 |  |  |  |  |
Commercial real estate | 9,636 |  |  | 8,768 |  |  | 166 |  |  | 13,344 |  |  |  |  |
Residential real estate | 1,647 |  |  | 1,770 |  |  | 114 |  |  | 2,119 |  |  |  |  |
Commercial, financial & agriculture | 75 |  |  | 75 |  |  | — |  |  | 170 |  |  |  |  |
Consumer & other | 192 |  |  | 73 |  |  | 96 |  |  | 73 |  |  |  |  |
| $ | 11,612 |  |  | $ | 10,748 |  |  | $ | 376 |  |  | $ | 20,068 |  |  |  |  |

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration