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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

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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