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ALLOWANCE FOR CREDIT LOSSES (Tables) | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
Schedule of Allowance for Credit Losses | The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the years ended December 31, 2024 and 2023.
(dollars in thousands) | Balance, December 31, 2023 |  | Charge-offs |  | Recoveries |  | Provision for credit losses on loans |  | Balance, December 31, 2024
Year ended December 31, 2024 |  |  |  |  |  |  |  |  |
Construction, land & land development | $ | 2,204 |  |  | $ | — |  |  | $ | 16 |  |  | $ | (914) |  |  | $ | 1,306 |
Other commercial real estate | 7,064 |  |  | (20) |  |  | 57 |  |  | (642) |  |  | 6,459 |
Total commercial real estate | 9,268 |  |  | (20) |  |  | 73 |  |  | (1,556) |  |  | 7,765 |
Residential real estate | 5,105 |  |  | (427) |  |  | 256 |  |  | 568 |  |  | 5,502 |
Commercial, financial & agricultural | 2,110 |  |  | (2,467) |  |  | 161 |  |  | 3,100 |  |  | 2,904 |
Consumer and other | 1,888 |  |  | (604) |  |  | 25 |  |  | 1,500 |  |  | 2,809 |
Total allowance for credit losses on loans | $ | 18,371 |  |  | $ | (3,518) |  |  | $ | 515 |  |  | $ | 3,612 |  |  | $ | 18,980 |
(dollars in thousands) | Balance, December 31, 2022 |  | Adoption of ASU 2016-13 |  | Charge-offs |  | Recoveries |  | Provision for credit losses on loans |  | Balance, December 31, 2023
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Construction, land & land development | $ | 1,959 |  |  | $ | 148 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 87 |  |  | $ | 2,204 |
Other commercial real estate | 8,886 |  |  | (630) |  |  | (69) |  |  | 42 |  |  | (1,165) |  |  | 7,064 |
Total commercial real estate | 10,845 |  |  | (482) |  |  | (69) |  |  | 52 |  |  | (1,078) |  |  | 9,268 |
Residential real estate | 2,354 |  |  | 1,053 |  |  | (771) |  |  | 79 |  |  | 2,390 |  |  | 5,105 |
Commercial, financial & agricultural | 2,709 |  |  | (690) |  |  | (1,069) |  |  | 201 |  |  | 959 |  |  | 2,110 |
Consumer and other | 220 |  |  | 66 |  |  | (35) |  |  | 22 |  |  | 1,615 |  |  | 1,888 |
Total allowance for credit losses on loans | $ | 16,128 |  |  | $ | (53) |  |  | $ | (1,944) |  |  | $ | 354 |  |  | $ | 3,886 |  |  | $ | 18,371 |
The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the years ended December 31, 2024 and 2023.
(dollars in thousands) | December 31, 2024 |  | December 31, 2023
Beginning balance | $ | 1,375 |  |  | $ | — |
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 | — |  |  | 1,661 |
Provision for (recovery of ) unfunded commitments | (562) |  |  | (286) |
Ending balance | $ | 813 |  |  | $ | 1,375 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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