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v3.23.2

Loans (Tables) | 6 Months Ended
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Jun. 30, 2023
Receivables [Abstract] |
Schedule of Loans Segregated by Class | The following table presents the composition of loans segregated by class of loans, as of June 30, 2023 and December 31, 2022.
(dollars in thousands) | June 30, 2023 |  | December 31, 2022
Construction, land & land development | $ | 249,423 |  |  | $ | 229,435 |
Other commercial real estate | 979,509 |  |  | 975,447 |
Total commercial real estate | 1,228,932 |  |  | 1,204,882 |
Residential real estate | 325,407 |  |  | 290,054 |
Commercial, financial & agricultural | 243,458 |  |  | 223,923 |
Consumer and other | 41,045 |  |  | 18,247 |
Total Loans | $ | 1,838,842 |  |  | $ | 1,737,106 |
The following table presents the composition of government guaranteed loans segregated by class of loans for each respective period.
(dollars in thousands) | June 30, 2023 |  | December 31, 2022
Construction, land & land development | $ | 6,547 |  |  | $ | 5,888 |
Other commercial real estate | 35,790 |  |  | 32,642 |
Total commercial real estate | 42,337 |  |  | 38,530 |
Residential real estate | 10,479 |  |  | 8,036 |
Commercial, financial & agricultural | 16,354 |  |  | 11,787 |
Consumer and other | — |  |  | — |
Total Loans | $ | 69,170 |  |  | $ | 58,353 |
Schedule of Loan Portfolio by Credit Quality Indicators | The following table presents the loan portfolio segregated by class of loans and the risk category of term loans by vintage year, which is the year of origination or most recent renewal, as of June 30, 2023. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at June 30, 2023.
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
(dollars in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolvers |  | Revolvers converted to term loans |  | Total
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land & land development |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 56,347 |  |  | $ | 141,352 |  |  | $ | 32,510 |  |  | $ | 8,976 |  |  | $ | 1,056 |  |  | $ | 6,009 |  |  | $ | 2,356 |  |  | $ | — |  |  | $ | 248,606 |
Special Mention | — |  |  | — |  |  | 26 |  |  | — |  |  | — |  |  | 221 |  |  | — |  |  | — |  |  | 247 |
Substandard | — |  |  | 457 |  |  | 5 |  |  | — |  |  | 22 |  |  | 86 |  |  | — |  |  | — |  |  | 570 |
Total Construction, land & land development | 56,347 |  |  | 141,809 |  |  | 32,541 |  |  | 8,976 |  |  | 1,078 |  |  | 6,316 |  |  | 2,356 |  |  | — |  |  | 249,423 |
Current period gross write offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 35,163 |  |  | 322,788 |  |  | 219,126 |  |  | 95,923 |  |  | 88,754 |  |  | 165,797 |  |  | 25,534 |  |  | 1,098 |  |  | 954,183 |
Special Mention | — |  |  | 2,593 |  |  | 2,932 |  |  | 2,147 |  |  | 4,992 |  |  | 6,708 |  |  | — |  |  | — |  |  | 19,372 |
Substandard | — |  |  | 2,691 |  |  | 246 |  |  | — |  |  | — |  |  | 2,999 |  |  | 18 |  |  | — |  |  | 5,954 |
Total Other commercial real estate | 35,163 |  |  | 328,072 |  |  | 222,304 |  |  | 98,070 |  |  | 93,746 |  |  | 175,504 |  |  | 25,552 |  |  | 1,098 |  |  | 979,509 |
Current period gross write offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 34,275 |  |  | 120,066 |  |  | 54,196 |  |  | 23,780 |  |  | 9,493 |  |  | 47,899 |  |  | 21,413 |  |  | 75 |  |  | 311,197 |
Special Mention | 551 |  |  | 445 |  |  | 143 |  |  | 56 |  |  | 788 |  |  | 4,945 |  |  | 98 |  |  | — |  |  | 7,026 |
Substandard | — |  |  | 1,023 |  |  | 472 |  |  | 156 |  |  | 290 |  |  | 5,243 |  |  | — |  |  | — |  |  | 7,184 |
Total Residential real estate | 34,826 |  |  | 121,534 |  |  | 54,811 |  |  | 23,992 |  |  | 10,571 |  |  | 58,087 |  |  | 21,511 |  |  | 75 |  |  | 325,407 |
Current period gross write offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial, financial & agricultural |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 42,930 |  |  | 61,342 |  |  | 27,271 |  |  | 15,496 |  |  | 5,942 |  |  | 15,754 |  |  | 67,300 |  |  | 136 |  |  | 236,171 |
Special Mention | 200 |  |  | 267 |  |  | 165 |  |  | 374 |  |  | 23 |  |  | 62 |  |  | 731 |  |  | — |  |  | 1,822 |
Substandard | — |  |  | 89 |  |  | 4,827 |  |  | 137 |  |  | 34 |  |  | 269 |  |  | 98 |  |  | 11 |  |  | 5,465 |
Total Commercial, financial & agricultural | 43,130 |  |  | 61,698 |  |  | 32,263 |  |  | 16,007 |  |  | 5,999 |  |  | 16,085 |  |  | 68,129 |  |  | 147 |  |  | 243,458 |
Current period gross write offs | — |  |  | 200 |  |  | 182 |  |  | — |  |  | — |  |  | 61 |  |  | — |  |  | — |  |  | 443 |
Consumer and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 28,570 |  |  | 5,287 |  |  | 2,697 |  |  | 1,733 |  |  | 1,127 |  |  | 1,078 |  |  | 370 |  |  | — |  |  | 40,862 |
Special Mention | — |  |  | 10 |  |  | 48 |  |  | 6 |  |  | 24 |  |  | 3 |  |  | — |  |  | — |  |  | 91 |
Substandard | 16 |  |  | 36 |  |  | 4 |  |  | 22 |  |  | 1 |  |  | 13 |  |  | — |  |  | — |  |  | 92 |
Total Consumer and other | 28,586 |  |  | 5,333 |  |  | 2,749 |  |  | 1,761 |  |  | 1,152 |  |  | 1,094 |  |  | 370 |  |  | — |  |  | 41,045 |
Current period gross write offs | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 197,286 |  |  | 650,835 |  |  | 335,799 |  |  | 145,907 |  |  | 106,372 |  |  | 236,537 |  |  | 116,974 |  |  | 1,310 |  |  | 1,791,020 |
Special Mention | 751 |  |  | 3,315 |  |  | 3,312 |  |  | 2,583 |  |  | 5,827 |  |  | 11,938 |  |  | 829 |  |  | — |  |  | 28,555 |
Substandard | 16 |  |  | 4,298 |  |  | 5,554 |  |  | 316 |  |  | 346 |  |  | 8,610 |  |  | 116 |  |  | 11 |  |  | 19,267 |
Total Loans | $ | 198,053 |  |  | $ | 658,448 |  |  | $ | 344,665 |  |  | $ | 148,806 |  |  | $ | 112,545 |  |  | $ | 257,085 |  |  | $ | 117,919 |  |  | $ | 1,321 |  |  | $ | 1,838,842 |
Total current period gross write offs | $ | — |  |  | $ | 200 |  |  | $ | 182 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 61 |  |  | $ | — |  |  | $ | — |  |  | $ | 446 |
The following table presents the loan portfolio 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. There were no loans with a risk rating of "doubtful" or "loss" at December 31, 2022.
(dollars in thousands) |  |  | Special |  |  |  |
December 31, 2022 | Pass |  | Mention |  | Substandard |  | Total
Construction, land & land development | $ | 228,494 |  |  | $ | 290 |  |  | $ | 651 |  |  | $ | 229,435 |
Other commercial real estate | 951,126 |  |  | 17,562 |  |  | 6,759 |  |  | 975,447 |
Total commercial real estate | 1,179,620 |  |  | 17,852 |  |  | 7,410 |  |  | 1,204,882 |
Residential real estate | 277,930 |  |  | 6,574 |  |  | 5,550 |  |  | 290,054 |
Commercial, financial & agricultural | 220,908 |  |  | 885 |  |  | 2,130 |  |  | 223,923 |
Consumer and other | 18,157 |  |  | 54 |  |  | $ | 36 |  |  | 18,247 |
Total Loans | $ | 1,696,615 |  |  | $ | 25,365 |  |  | $ | 15,126 |  |  | $ | 1,737,106 |
Summary of Age Analysis of Past Due Loans | The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of June 30, 2023 and December 31, 2022:
(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
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Construction, land & land development | $ | 189 |  |  | $ | — |  |  | $ | 189 |  |  | $ | 93 |  |  | $ | 249,141 |  |  | $ | 249,423 |
Other commercial real estate | 362 |  |  | — |  |  | 362 |  |  | 2,233 |  |  | 976,914 |  |  | 979,509 |
Total commercial real estate | 551 |  |  | — |  |  | 551 |  |  | 2,326 |  |  | 1,226,055 |  |  | 1,228,932 |
Residential real estate | 1,643 |  |  | — |  |  | 1,643 |  |  | 4,275 |  |  | 319,489 |  |  | 325,407 |
Commercial, financial & agricultural | 301 |  |  | — |  |  | 301 |  |  | 4,443 |  |  | 238,714 |  |  | 243,458 |
Consumer and other | 120 |  |  | — |  |  | 120 |  |  | 41 |  |  | 40,884 |  |  | 41,045 |
Total Loans | $ | 2,615 |  |  | $ | — |  |  | $ | 2,615 |  |  | $ | 11,085 |  |  | $ | 1,825,142 |  |  | $ | 1,838,842 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Construction, land & land development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 149 |  |  | $ | 229,286 |  |  | $ | 229,435 |
Other commercial real estate | 395 |  |  | — |  |  | 395 |  |  | 1,509 |  |  | 973,543 |  |  | 975,447 |
Total commercial real estate | 395 |  |  | — |  |  | 395 |  |  | 1,658 |  |  | 1,202,829 |  |  | 1,204,882 |
Residential real estate | 882 |  |  | — |  |  | 882 |  |  | 2,686 |  |  | 286,486 |  |  | 290,054 |
Commercial, financial & agricultural | 476 |  |  | — |  |  | 476 |  |  | 1,341 |  |  | 222,106 |  |  | 223,923 |
Consumer and other | 40 |  |  | — |  |  | 40 |  |  | 21 |  |  | 18,186 |  |  | 18,247 |
Total Loans | $ | 1,793 |  |  | $ | — |  |  | $ | 1,793 |  |  | $ | 5,706 |  |  | $ | 1,729,607 |  |  | $ | 1,737,106 |
Summary of Nonaccrual Loans | The following table is a summary of the Company's nonaccrual loans by major categories for the periods indicated.
| June 30, 2023 |  |
(dollars in thousands) | Nonaccrual Loans with No Related ACL |  | Nonaccrual Loans with a Related ACL |  | Total Nonaccrual Loans |  |
Construction, land & land development | $ | 32 |  |  | $ | 61 |  |  | $ | 93 |  |  |
Other commercial real estate | 1,344 |  |  | 889 |  |  | 2,233 |  |  |
Total commercial real estate | 1,376 |  |  | 950 |  |  | 2,326 |  |  |
Residential real estate | 1,400 |  |  | 2,875 |  |  | 4,275 |  |  |
Commercial, financial & agricultural | 3,484 |  |  | 959 |  |  | 4,443 |  |  |
Consumer and other | — |  |  | 41 |  |  | 41 |  |  |
Total Loans | $ | 6,260 |  |  | $ | 4,825 |  |  | $ | 11,085 |  |  |
Summary of Impaired Loan Data | The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022.
| 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 and other | — |  |  | — |  |  | — |  |  | 1 |  |  |  |  |
| 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 and other | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
| 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 and other | — |  |  | — |  |  | — |  |  | 65 |  |  |  |  |
| 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 and other | — |  |  | — |  |  | — |  |  | 66 |  |  |  |  |
| $ | 5,128 |  |  | $ | 5,128 |  |  | $ | 77 |  |  | $ | 8,673 |  |  |  |  |

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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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + 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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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