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Loans (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2024 and December 31, 2023.
(dollars in thousands)June 30, 2024December 31, 2023
Construction, land & land development$199,916 $247,146 
Other commercial real estate985,102 974,375 
Total commercial real estate1,185,018 1,221,521 
Residential real estate360,847 356,234 
Commercial, financial & agricultural 242,205 242,756 
Consumer and other77,504 62,959 
Total Loans$1,865,574 $1,883,470 
The following table presents the composition of government guaranteed loans segregated by class of loans for each respective period.
(dollars in thousands)June 30, 2024December 31, 2023
Construction, land & land development$4,190 $7,027 
Other commercial real estate52,444 40,852 
Total commercial real estate56,634 47,879 
Residential real estate9,377 12,170 
Commercial, financial & agricultural 30,254 26,716 
Consumer and other— — 
Total Loans$96,265 $86,765 
Schedule of Loan Portfolio by Credit Quality Indicators
The following tables present 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, 2024 and December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4, 5 and 98 have been combined in the pass line for presentation purposes. Loans with a risk grade of 7, 8 and 99 have been combined in the substandard line. There were no loans with a risk rating of "doubtful" or "loss" at June 30, 2024 or December 31, 2023.
Term Loans Amortized Cost Basis by Origination Year
(dollars in thousands)20242023202220212020PriorRevolversRevolvers converted to term loansTotal
June 30, 2024
Construction, land & land development
Risk rating
Pass$44,124 $70,360 $51,070 $24,673 $2,727 $6,273 $63 $— $199,290 
Special Mention— 291 — — — — 281 — 572 
Substandard— — — — — 54 — — 54 
Total Construction, land & land development44,124 70,651 51,070 24,673 2,727 6,327 344 — 199,916 
  Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other commercial real estate
Risk rating
Pass13,935 83,226 348,545 192,294 81,713 208,832 22,835 2,177 953,557 
Special Mention812 1,400 4,654 457 1,470 7,612 610 539 17,554 
Substandard— 1,590 10,118 396 355 725 807 — 13,991 
Total Other commercial real estate14,747 86,216 363,317 193,147 83,538 217,169 24,252 2,716 985,102 
Current period gross write offs— — — — — 20 — — 20 
Residential real estate
Risk rating
Pass8,407 83,088 118,146 50,323 20,485 49,756 23,929 1,283 355,417 
Special Mention— 1,238 — — — 2,024 — — 3,262 
Substandard— — 552 357 69 1,190 — — 2,168 
Total Residential real estate8,407 84,326 118,698 50,680 20,554 52,970 23,929 1,283 360,847 
Current period gross write offs— — 340 — — — — — 340 
Commercial, financial & agricultural
Risk rating
Pass31,715 52,528 41,998 16,573 10,535 16,555 64,512 608 235,024 
Special Mention— 598 — 95 173 — 241 — 1,107 
Substandard71 712 2,076 1,804 361 272 771 7 6,074 
Total Commercial, financial & agricultural31,786 53,838 44,074 18,472 11,069 16,827 65,524 615 242,205 
Current period gross write offs23 350 432 179 20 10 — — 1,014 
Consumer and other
Risk rating
Pass36,250 34,034 3,065 1,397 832 1,422 425 11 77,436 
Special Mention— — — — — — — — — 
Substandard— 60 — 1 3 4 — — 68 
Total Consumer and other36,250 34,094 3,065 1,398 835 1,426 425 11 77,504 
Current period gross write offs— 186 23 — — 42 — — 251 
Total Loans
Risk rating
Pass134,431 323,236 562,824 285,260 116,292 282,838 111,764 4,079 1,820,724 
Special Mention812 3,527 4,654 552 1,643 9,636 1,132 539 22,495 
Substandard71 2,362 12,746 2,558 788 2,245 1,578 7 22,355 
Total Loans$135,314 $329,125 $580,224 $288,370 $118,723 $294,719 $114,474 $4,625 $1,865,574 
Total current period gross write offs$23 $536 $795 $179 $20 $72 $— $— $1,625 
Term Loans Amortized Cost Basis by Origination Year
(dollars in thousands)20232022202120202019PriorRevolversRevolvers converted to term loansTotal
December 31, 2023
Construction, land & land development
Risk rating
Pass$112,587 $91,981 $27,332 $5,654 $1,000 $5,765 $605 $31 $244,955 
Special Mention792 — 25 — — 29 282 — 1,128 
Substandard— 888 4 — 20 151 — — 1,063 
Total Construction, land & land development113,379 92,869 27,361 5,654 1,020 5,945 887 31 247,146 
  Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other commercial real estate
Risk rating
Pass61,816 341,656 204,145 88,629 79,123 145,374 24,158 2,031 946,932 
Special Mention75 3,251 766 2,113 5,733 4,694 545 48 17,225 
Substandard2,303 2,615 211 — 486 4,395 208 — 10,218 
Total Other commercial real estate64,194 347,522 205,122 90,742 85,342 154,463 24,911 2,079 974,375 
Current period gross write offs— — 69 — — — — — 69 
Residential real estate
Risk rating
Pass78,088 116,704 50,986 21,892 8,510 43,038 22,642 100 341,960 
Special Mention856 466 10 50 679 4,687 424 — 7,172 
Substandard— 1,169 384 296 272 4,735 246 — 7,102 
Total Residential real estate78,944 118,339 51,380 22,238 9,461 52,460 23,312 100 356,234 
Current period gross write offs253 492 26 — — — — — 771 
Commercial, financial & agricultural
Risk rating
Pass66,820 51,439 21,673 12,489 4,734 14,002 58,607 306 230,070 
Special Mention4,186 894 376 745 188 40 974 — 7,403 
Substandard164 1,872 1,979 190 25 165 866 22 5,283 
Total Commercial, financial & agricultural71,170 54,205 24,028 13,424 4,947 14,207 60,447 328 242,756 
Current period gross write offs150 168 408 200 9 134 — — 1,069 
Consumer and other
Risk rating
Pass53,117 4,021 2,004 1,240 925 908 462 1 62,678 
Special Mention79 42 38 12 25 1 — — 197 
Substandard43 20 3 5 4 9 — — 84 
Total Consumer and other53,239 4,083 2,045 1,257 954 918 462 1 62,959 
Current period gross write offs9 12 10 2 — 2 — — 35 
Total Loans
Risk rating
Pass372,428 605,801 306,140 129,904 94,292 209,087 106,474 2,469 1,826,595 
Special Mention5,988 4,653 1,215 2,920 6,625 9,451 2,225 48 33,125 
Substandard2,510 6,564 2,581 491 807 9,455 1,320 22 23,750 
Total Loans$380,926 $617,018 $309,936 $133,315 $101,724 $227,993 $110,019 $2,539 $1,883,470 
Total current period gross write offs$412 $672 $513 $202 $9 $136 $— $— $1,944 
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, 2024 and December 31, 2023:
(dollars in thousands)30-89 Days
Past Due		90 Days
or More
Past Due		Total Accruing
Loans Past Due		Nonaccrual
Loans		Current LoansTotal Loans
June 30, 2024
Construction, land & land development$4 $— $4 $54 $199,858 $199,916 
Other commercial real estate1,071 — 1,071 1,894 982,137 985,102 
Total commercial real estate1,075 — 1,075 1,948 1,181,995 1,185,018 
Residential real estate4,999 — 4,999 2,131 353,717 360,847 
Commercial, financial & agricultural488 — 488 2,520 239,197 242,205 
Consumer and other251 41 292 70 77,142 77,504 
Total Loans$6,813 $41 $6,854 $6,669 $1,852,051 $1,865,574 
December 31, 2023
Construction, land & land development$812 $— $812 $85 $246,249 $247,146 
Other commercial real estate1,796 — 1,796 4,219 968,360 974,375 
Total commercial real estate2,608 — 2,608 4,304 1,214,609 1,221,521 
Residential real estate2,503 350 2,853 3,561 349,820 356,234 
Commercial, financial & agricultural775 — 775 1,956 240,025 242,756 
Consumer and other183 20 203 18 62,738 62,959 
Total Loans$6,069 $370 $6,439 $9,839 $1,867,192 $1,883,470 
Summary of Nonaccrual Loans
The following tables display a summary of the Company's nonaccrual loans by major categories for the periods indicated.
June 30, 2024
(dollars in thousands)Nonaccrual Loans with No Related ACLNonaccrual Loans with a Related ACLTotal Nonaccrual Loans
Construction, land & land development$— $54 $54 
Other commercial real estate— 1,894 1,894 
Total commercial real estate— 1,948 1,948 
Residential real estate— 2,131 2,131 
Commercial, financial & agricultural— 2,520 2,520 
Consumer and other— 70 70 
Total Loans$— $6,669 $6,669 
December 31, 2023
(dollars in thousands)Nonaccrual Loans with No Related ACLNonaccrual Loans with a Related ACLTotal Nonaccrual Loans
Construction, land & land development$27 $58 $85 
Other commercial real estate2,806 1,413 4,219 
Total commercial real estate2,833 1,471 4,304 
Residential real estate725 2,836 3,561 
Commercial, financial & agricultural— 1,956 1,956 
Consumer and other— 18 18 
Total Loans$3,558 $6,281 $9,839 
Summary of Loans Modified Due to Financial Difficulty
The following tables present loans modified due to a financial difficulty under the above terms during the three and six month periods ended June 30, 2024.
Three months ended June 30, 2024
(dollars in thousands)Term ExtensionPayment DelayTerm Extension and Payment DelayTotal*
Commercial, financial & agricultural— 377 — 377 
Total Loans$— $377 $— $377 
*less than .05% of total class of receivable
Six months ended June 30, 2024
(dollars in thousands)Term ExtensionPayment DelayTerm Extension and Payment DelayTotal*
Commercial real estate$131 $— $145 $276 
Commercial, financial & agricultural— 377 40 417 
Total Loans$131 $377 $185 $693 
*less than .05% of total class of receivable