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LOANS (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of December 31, 2022 and 2021. Purchased loans are defined as loans that were acquired in bank acquisitions.
| December 31, 2022
(dollars in thousands) | Legacy Loans |  | Purchased Loans |  | Total
Construction, land & land development | $ | 216,206 |  |  | $ | 13,229 |  |  | $ | 229,435 |
Other commercial real estate | 847,684 |  |  | 127,763 |  |  | 975,447 |
Total commercial real estate | 1,063,890 |  |  | 140,992 |  |  | 1,204,882 |
Residential real estate | 249,390 |  |  | 40,664 |  |  | 290,054 |
Commercial, financial & agricultural(*) | 210,413 |  |  | 13,510 |  |  | 223,923 |
Consumer & other | 17,296 |  |  | 951 |  |  | 18,247 |
Total loans | $ | 1,540,989 |  |  | $ | 196,117 |  |  | $ | 1,737,106 |
| December 31, 2021
(dollars in thousands) | Legacy Loans |  | Purchased Loans |  | Total
Construction, land & 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 & other | 16,003 |  |  | 2,561 |  |  | 18,564 |
Total loans | $ | 1,004,204 |  |  | $ | 333,773 |  |  | $ | 1,337,977 |
(*) Includes $95,000 and $9.0 million in PPP loans as of December 31, 2022 and 2021, respectively.
Schedule of Financing Receivable Credit Quality Indicators | The following tables present the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of December 31, 2022. Those loans with a risk grade of 1, 2, 3, 4, and 5 have been combined in the pass column for presentation purposes. For the periods ending December 31, 2022, the Company did not have any loans classified as “doubtful” or a “loss”.
(dollars in thousands) | Pass |  | Special Mention |  | Substandard |  | Total Loans
Construction, land & land development | $ | 215,265 |  |  | $ | 290 |  |  | $ | 651 |  |  | $ | 216,206 |
Other commercial real estate | 827,300 |  |  | 14,236 |  |  | 6,148 |  |  | 847,684 |
Total commercial real estate | 1,042,565 |  |  | 14,526 |  |  | 6,799 |  |  | 1,063,890 |
Residential real estate | 239,570 |  |  | 5,976 |  |  | 3,844 |  |  | 249,390 |
Commercial, financial & agricultural | 207,935 |  |  | 812 |  |  | 1,666 |  |  | 210,413 |
Consumer & other | 17,206 |  |  | 54 |  |  | 36 |  |  | 17,296 |
Total loans | $ | 1,507,276 |  |  | $ | 21,368 |  |  | $ | 12,345 |  |  | $ | 1,540,989 |
The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of December 31, 2022.
(dollars in thousands) | Pass |  | Special Mention |  | Substandard |  | Total Loans
Construction, land & land development | $ | 13,229 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,229 |
Other commercial real estate | 123,826 |  |  | 3,326 |  |  | 611 |  |  | 127,763 |
Total commercial real estate | 137,055 |  |  | 3,326 |  |  | 611 |  |  | 140,992 |
Residential real estate | 38,360 |  |  | 598 |  |  | 1,706 |  |  | 40,664 |
Commercial, financial & agricultural | 12,973 |  |  | 73 |  |  | 464 |  |  | 13,510 |
Consumer & other | 951 |  |  | — |  |  | — |  |  | 951 |
Total loans | $ | 189,339 |  |  | $ | 3,997 |  |  | $ | 2,781 |  |  | $ | 196,117 |
The following tables present the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of December 31, 2021. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the periods ending December 31, 2021, the Company did not have any loans classified as “doubtful” or a “loss”.
(dollars in thousands) | Pass |  | Special Mention |  | Substandard |  | Total Loans
Construction, land & land development | $ | 116,524 |  |  | $ | 3,154 |  |  | $ | 275 |  |  | $ | 119,953 |
Other commercial real estate | 562,228 |  |  | 25,718 |  |  | 7,793 |  |  | 595,739 |
Total commercial real estate | 678,752 |  |  | 28,872 |  |  | 8,068 |  |  | 715,692 |
Residential real estate | 148,507 |  |  | 5,733 |  |  | 5,229 |  |  | 159,469 |
Commercial, financial & agricultural | 100,282 |  |  | 11,460 |  |  | 1,298 |  |  | 113,040 |
Consumer & other | 15,787 |  |  | 78 |  |  | 138 |  |  | 16,003 |
Total loans | $ | 943,328 |  |  | $ | 46,143 |  |  | $ | 14,733 |  |  | $ | 1,004,204 |
The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of December 31, 2021.
(dollars in thousands) | Pass |  | Special |  | Substandard |  | Total Loans
Construction, land & 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 & other | 2,558 |  |  | 3 |  |  | — |  |  | 2,561 |
Total loans | $ | 325,481 |  |  | $ | 4,084 |  |  | $ | 4,208 |  |  | $ | 333,773 |
Schedule of Age Analysis of Past Due Loans and Nonaccrual Loans | The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, excluding purchased loans, as of December 31, 2022:
| Accruing Loans |  |  |  |  |  |
(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
Construction, land & land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 149 |  |  | $ | 216,057 |  |  | $ | 216,206 |
Other commercial real estate | 395 |  |  | — |  |  | 395 |  |  | 1,389 |  |  | 845,900 |  |  | 847,684 |
Total commercial real estate | 395 |  |  | — |  |  | 395 |  |  | 1,538 |  |  | 1,061,957 |  |  | 1,063,890 |
Residential real estate | 870 |  |  | — |  |  | 870 |  |  | 1,875 |  |  | 246,645 |  |  | 249,390 |
Commercial, financial & agricultural | 403 |  |  | — |  |  | 403 |  |  | 878 |  |  | 209,132 |  |  | 210,413 |
Consumer & other | 40 |  |  | — |  |  | 40 |  |  | 21 |  |  | 17,235 |  |  | 17,296 |
Total loans | $ | 1,708 |  |  | $ | — |  |  | $ | 1,708 |  |  | $ | 4,312 |  |  | $ | 1,534,969 |  |  | $ | 1,540,989 |
The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans, as of December 31, 2022:
| Accruing Loans |  |  |  |  |  |
(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
Construction, land & land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 13,229 |  |  | $ | 13,229 |
Other commercial real estate | — |  |  | — |  |  | — |  |  | 120 |  |  | 127,643 |  |  | 127,763 |
Total commercial real estate | — |  |  | — |  |  | — |  |  | 120 |  |  | 140,872 |  |  | 140,992 |
Residential real estate | 12 |  |  | — |  |  | 12 |  |  | 811 |  |  | 39,841 |  |  | 40,664 |
Commercial, financial & agricultural | 73 |  |  | — |  |  | 73 |  |  | 463 |  |  | 12,974 |  |  | 13,510 |
Consumer & other | — |  |  | — |  |  | — |  |  | — |  |  | 951 |  |  | 951 |
Total loans | $ | 85 |  |  | $ | — |  |  | $ | 85 |  |  | $ | 1,394 |  |  | $ | 194,638 |  |  | $ | 196,117 |
The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, excluding purchased loans, as of December 31, 2021:
| Accruing Loans |  |  |  |  |  |
(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
Construction, land & 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 & other | 93 |  |  | — |  |  | 93 |  |  | 26 |  |  | 15,884 |  |  | 16,003 |
Total loans | $ | 938 |  |  | $ | — |  |  | $ | 938 |  |  | $ | 3,952 |  |  | $ | 999,314 |  |  | $ | 1,004,204 |
The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans, as of December 31, 2021:
| Accruing Loans |  |  |  |  |  |
(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
Construction, land & 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 & other | — |  |  | — |  |  | — |  |  | 8 |  |  | 2,553 |  |  | 2,561 |
Total loans | $ | 3,629 |  |  | $ | — |  |  | $ | 3,629 |  |  | $ | 1,497 |  |  | $ | 328,647 |  |  | $ | 333,773 |
Schedule of Impaired Loans | The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022:
(dollars in thousands) | Unpaid Contractual Principal Balance |  | Recorded investment |  | Related allowance |  | Average Recorded Investment
With No Related Allowance Recorded |  |  |  |  |  |  |
Construction, land & land development | $ | 40 |  |  | $ | 40 |  |  | $ | — |  |  | $ | 10 |
Other commercial real estate | 3,754 |  |  | 3,754 |  |  | — |  |  | 5,311 |
Residential real estate | 62 |  |  | 62 |  |  | — |  |  | 570 |
Commercial, financial & agricultural | — |  |  | — |  |  | — |  |  | 306 |
Consumer & other | — |  |  | — |  |  | — |  |  | 1 |
Total Impaired Loans with no Allowance | 3,856 |  |  | 3,856 |  |  | — |  |  | 6,198 |
With An Allowance Recorded |  |  |  |  |  |  |
Construction, land & land development | 474 |  |  | 474 |  |  | 44 |  |  | 177 |
Other commercial real estate | — |  |  | — |  |  | — |  |  | 503 |
Residential real estate | — |  |  | — |  |  | — |  |  | 588 |
Commercial, financial & agricultural | — |  |  | — |  |  | — |  |  | 369 |
Consumer & other | — |  |  | — |  |  | — |  |  | — |
Total Impaired Loans with Allowance | 474 |  |  | 474 |  |  | 44 |  |  | 1,637 |
Purchased Credit Impaired Loans |  |  |  |  |  |  |
Construction, land & land development | — |  |  | — |  |  | — |  |  | — |
Other commercial real estate | 798 |  |  | 798 |  |  | 33 |  |  | 760 |
Residential real estate | — |  |  | — |  |  | — |  |  | 13 |
Commercial, financial & agricultural | — |  |  | — |  |  | — |  |  | — |
Consumer & other | — |  |  | — |  |  | — |  |  | 65 |
Total Purchased Credit Impaired Loans | 798 |  |  | 798 |  |  | 33 |  |  | 838 |
Total |  |  |  |  |  |  |
Construction, land & land development | 514 |  |  | 514 |  |  | 44 |  |  | 187 |
Other commercial real estate | 4,552 |  |  | 4,552 |  |  | 33 |  |  | 6,574 |
Residential real estate | 62 |  |  | 62 |  |  | — |  |  | 1,171 |
Commercial, financial & agricultural | — |  |  | — |  |  | — |  |  | 675 |
Consumer & other | — |  |  | — |  |  | — |  |  | 66 |
| $ | 5,128 |  |  | $ | 5,128 |  |  | $ | 77 |  |  | $ | 8,673 |
The following table details impaired loan data as of December 31, 2021, including purchased credit impaired loans.
(dollars in thousands) | Unpaid Contractual Principal Balance |  | Recorded Investment |  | Related Allowance |  | Average Recorded Investment
With No Related |  |  |  |  |  |  |
Allowance Recorded |  |  |  |  |  |  |
Construction, land & land development | $ | 62 |  |  | $ | 62 |  |  | $ | — |  |  | $ | 4,311 |
Other commercial real estate | 7,203 |  |  | 6,369 |  |  | — |  |  | 8,113 |
Residential real estate | 958 |  |  | 997 |  |  | — |  |  | 1,083 |
Commercial, financial & agricultural | 75 |  |  | 75 |  |  | — |  |  | 56 |
Consumer & other | — |  |  | — |  |  | — |  |  | — |
| 8,298 |  |  | 7,503 |  |  | — |  |  | 13,563 |
With An Allowance Recorded |  |  |  |  |  |  |
Construction, land & land development | — |  |  | — |  |  | — |  |  | — |
Other commercial real estate | 430 |  |  | 483 |  |  | 148 |  |  | 4,429 |
Residential real estate | 685 |  |  | 773 |  |  | 108 |  |  | 1,029 |
Commercial, financial & agricultural | — |  |  | — |  |  | — |  |  | 79 |
Consumer & other | — |  |  | — |  |  | — |  |  | 1 |
| 1,115 |  |  | 1,256 |  |  | 256 |  |  | 5,538 |
Purchase credit impaired |  |  |  |  |  |  |
Construction, land & land development | — |  |  | — |  |  | — |  |  | 51 |
Other commercial real estate | 2,003 |  |  | 1,916 |  |  | 18 |  |  | 802 |
Residential real estate | 4 |  |  | — |  |  | 6 |  |  | 7 |
Commercial, financial & agricultural | — |  |  | — |  |  | — |  |  | 35 |
Consumer & other | 192 |  |  | 73 |  |  | 96 |  |  | 72 |
| 2,199 |  |  | 1,989 |  |  | 120 |  |  | 967 |
Total |  |  |  |  |  |  |
Construction, land & land development | 62 |  |  | 62 |  |  | — |  |  | 4,362 |
Other commercial real estate | 9,636 |  |  | 8,768 |  |  | 166 |  |  | 13,344 |
Residential real estate | 1,647 |  |  | 1,770 |  |  | 114 |  |  | 2,119 |
Commercial, financial & agricultural | 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 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
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- 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
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- 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
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- 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
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