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Loans (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Composition of Loans Segregated by Class of Loans
The following table presents the composition of loans segregated by class of loans, as of September 30, 2024 and December 31, 2023.
(dollars in thousands)September 30, 2024December 31, 2023
Construction, land & land development$196,390 $247,146 
Other commercial real estate1,012,466 974,375 
Total commercial real estate1,208,856 1,221,521 
Residential real estate349,777 356,234 
Commercial, financial & agricultural 242,389 242,756 
Consumer and other85,015 62,959 
Total Loans$1,886,037 $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)September 30, 2024December 31, 2023
Construction, land & land development$2,489 $7,027 
Other commercial real estate54,183 40,852 
Total commercial real estate56,672 47,879 
Residential real estate10,125 12,170 
Commercial, financial & agricultural 31,612 26,716 
Consumer and other— — 
Total Loans$98,409 $86,765 
Schedule of Loan Portfolio Segregated by Class of Loans
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 September 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 September 30, 2024 or December 31, 2023.
Term Loans Amortized Cost Basis by Origination Year
(dollars in thousands)20242023202220212020PriorRevolversRevolvers converted to term loansTotal
September 30, 2024
Construction, land & land development
Risk rating
Pass$74,340 $53,024 $33,062 $23,203 $2,164 $5,804 $53 $323 $191,973 
Special Mention— 3,717 — — 419 — 281 — 4,417 
Substandard— — — — — — — — — 
Total Construction, land & land development74,340 56,741 33,062 23,203 2,583 5,804 334 323 196,390 
  Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other commercial real estate
Risk rating
Pass40,156 86,804 359,674 188,879 79,073 202,660 20,811 1,618 979,675 
Special Mention1,051 2,023 4,626 173 2,365 7,533 610 1,072 19,453 
Substandard4,187 3,098 3,878 390 355 857 573 — 13,338 
Total Other commercial real estate45,394 91,925 368,178 189,442 81,793 211,050 21,994 2,690 1,012,466 
Current period gross write offs— — — — — 20 — — 20 
Residential real estate
Risk rating
Pass12,225 79,966 114,744 46,641 19,249 47,081 23,550 932 344,388 
Special Mention— 1,624 — — — 2,007 204 — 3,835 
Substandard— — 548 273 67 666 — — 1,554 
Total Residential real estate12,225 81,590 115,292 46,914 19,316 49,754 23,754 932 349,777 
Current period gross write offs— — 340 — — 9 — — 349 
Commercial, financial & agricultural
Risk rating
Pass39,811 50,615 37,949 14,315 9,686 16,854 62,998 718 232,946 
Special Mention— — 2,207 93 168 — 971 — 3,439 
Substandard82 1,538 701 2,895 321 245 126 96 6,004 
Total Commercial, financial & agricultural39,893 52,153 40,857 17,303 10,175 17,099 64,095 814 242,389 
Current period gross write offs45 398 437 188 20 11 — — 1,099 
Consumer and other
Risk rating
Pass46,650 31,980 2,652 1,209 691 1,357 445 10 84,994 
Special Mention— — — — — — — — — 
Substandard8 — 10 1 2 — — — 21 
Total Consumer and other46,658 31,980 2,662 1,210 693 1,357 445 10 85,015 
Current period gross write offs67 323 30 — 5 41 — — 466 
Total Loans
Risk rating
Pass213,182 302,389 548,081 274,247 110,863 273,756 107,857 3,601 1,833,976 
Special Mention1,051 7,364 6,833 266 2,952 9,540 2,066 1,072 31,144 
Substandard4,277 4,636 5,137 3,559 745 1,768 699 96 20,917 
Total Loans$218,510 $314,389 $560,051 $278,072 $114,560 $285,064 $110,622 $4,769 $1,886,037 
Total current period gross write offs$112 $721 $807 $188 $25 $81 $— $— $1,934 
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 
Schedule of Aging of Amortized Cost Basis of Loans by Aging Category and Accrual Status
The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of September 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
September 30, 2024
Construction, land & land development$208 $— $208 $— $196,182 $196,390 
Other commercial real estate692 — 692 5,380 1,006,394 1,012,466 
Total commercial real estate900 — 900 5,380 1,202,576 1,208,856 
Residential real estate2,003 — 2,003 1,486 346,288 349,777 
Commercial, financial & agricultural660 — 660 5,327 236,402 242,389 
Consumer and other227 44 271 22 84,722 85,015 
Total Loans$3,790 $44 $3,834 $12,215 $1,869,988 $1,886,037 
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 $1,883,470 
Schedule of Nonaccrual Loans
The following tables display a summary of the Company's nonaccrual loans by major categories for the periods indicated.
September 30, 2024
(dollars in thousands)Nonaccrual Loans with No Related ACLNonaccrual Loans with a Related ACLTotal Nonaccrual Loans
Construction, land & land development$— $— $— 
Other commercial real estate— 5,380 5,380 
Total commercial real estate— 5,380 5,380 
Residential real estate3 1,483 1,486 
Commercial, financial & agricultural752 4,575 5,327 
Consumer and other— 22 22 
Total Loans$755 $11,460 $12,215 
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 
Schedule 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 nine month periods ended September 30, 2024.
Three months ended September 30, 2024
(dollars in thousands)Term ExtensionPayment DelayTerm Extension and Payment DelayTotal*
Commercial real estate$224 $— $— $224 
Commercial, financial & agricultural— 1,114 558 1,672 
Total Loans$224 $1,114 $558 $1,896 
*less than .05% of total class of receivable
Nine months ended September 30, 2024
(dollars in thousands)Term ExtensionPayment DelayTerm Extension and Payment DelayTotal*
Commercial real estate$355 $— $144 $499 
Commercial, financial & agricultural— 1,482 597 2,079 
Total Loans$355 $1,482 $741 $2,578 
*less than .05% of total class of receivable