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Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Summary of Allowance for Credit Losses The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the three and six month periods ended June 30, 2024 and June 30, 2023.
(dollars in thousands)Balance, March 31, 2024Charge-OffsRecoveries Provision for credit losses on loansBalance, June 30, 2024
Three Months Ended June 30, 2024
Construction, land & land development$2,046 $— $$(752)$1,295 
Other commercial real estate7,389 — (2)7,396 
   Total commercial real estate9,435 — 10 (754)8,691 
Residential real estate5,327 (270)39 894 5,990 
Commercial, financial & agricultural2,020 (356)37 314 2,015 
Consumer and other1,875 (131)362 2,110 
     Total allowance for credit losses on loans$18,657 $(757)$90 $816 $18,806 
(dollars in thousands)Balance, December 31, 2023Charge-OffsRecoveries Provision for credit losses on loansBalance, June 30, 2024
Six Months Ended June 30, 2024
Construction, land & land development$2,204 $— $$(911)1,295 
Other commercial real estate7,064 (20)18 334 7,396 
   Total commercial real estate9,268 (20)20 (577)8,691 
Residential real estate5,105 (340)207 1,018 5,990 
Commercial, financial & agricultural2,110 (1,014)59 860 2,015 
Consumer and other1,888 (251)465 2,110 
     Total allowance for credit losses on loans$18,371 $(1,625)$294 $1,766 $18,806 
(dollars in thousands)Balance, March 31, 2023Charge-OffsRecoveriesProvision for credit losses on loansBalance, June 30, 2023
Three Months Ended June 30, 2023
Construction, land & land development$2,342 $— $$(66)$2,281 
Other commercial real estate8,122 — 11 600 8,733 
   Total commercial real estate10,464 — 16 534 11,014 
Residential real estate4,112 — 26 (1,496)2,642 
Commercial, financial & agricultural1,657 (170)160 1,337 2,984 
Consumer and other366 — 55 426 
     Total allowance for loan losses$16,599 $(170)$207 $430 $17,066 
(dollars in thousands)Balance December 31, 2021Charge-OffsRecoveriesProvisionBalance, September 30, 2022
Six Months Ended June 30, 2023Balance December 31, 2022Adoption of ASU 2016-13Charge-OffsRecoveriesProvision for credit losses on loansBalance, June 30, 2023
Construction, land & land development$1,959 $148 $— $$166 $2,281 
Other commercial real estate8,886 (630)— 25 452 8,733 
   Total commercial real estate10,845 (482)— 33 618 11,014 
Residential real estate2,354 1,053 — 37 (802)2,642 
Commercial, financial & agricultural2,709 (690)(443)167 1,241 2,984 
Consumer and other220 66 (3)134 426 
     Total allowance for loan losses$16,128 $(53)$(446)$246 $1,191 $17,066 
The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the three and six month periods ended June 30, 2024 and June 30, 2023.
Three Months Ended
June 30,
Six Months Ended
June 30,
(dollars in thousands)2024202320242023
Beginning balance$1,425 $1,800 $1,375 $— 
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13— — — 1,661 
Change in unfunded commitments(166)(230)(116)(91)
Ending balance$1,259 $1,570 $1,259 $1,570