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Allowance for Loan Losses (Tables) | 12 Months Ended
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Dec. 31, 2022
Allowance for Loan Losses |
Schedule of changes in the allowance for loan losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Real Estate |  | ​ | ​ |  | Commercial, |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
​ | ​ | Residential | ​ | Real Estate | ​ | Financial & | ​ | Equity | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | Mortgage | ​ | Construction | ​ | Agricultural | ​ | Lines | ​ | Consumer | ​ | Finance | ​ | Total | ​
Balance at December 31, 2019 | ​ | $ | 2,080 | ​ | $ | 681 | ​ | $ | 7,121 | ​ | $ | 733 | ​ | $ | 465 | ​ | $ | 21,793 | ​ | $ | 32,873 | ​
Provision charged to operations | ​ |  | 808 | ​ |  | 294 | ​ |  | 3,589 | ​ |  | (47) | ​ |  | (34) | ​ |  | 6,470 | ​ | ​ | 11,080 | ​
Loans charged off | ​ |  | (62) | ​ |  | — | ​ |  | (18) | ​ |  | — | ​ |  | (231) | ​ |  | (9,331) | ​ | ​ | (9,642) | ​
Recoveries of loans previously charged off | ​ |  | 88 | ​ |  | — | ​ |  | 4 | ​ |  | 1 | ​ |  | 171 | ​ |  | 4,581 | ​ | ​ | 4,845 | ​
Balance at December 31, 2020 | ​ | ​ | 2,914 | ​ | ​ | 975 | ​ | ​ | 10,696 | ​ | ​ | 687 | ​ | ​ | 371 | ​ | ​ | 23,513 | ​ | ​ | 39,156 | ​
Provision charged to operations | ​ |  | (279) | ​ | ​ | (119) | ​ | ​ | 385 | ​ | ​ | (95) | ​ | ​ | (137) | ​ | ​ | 820 | ​ | ​ | 575 | ​
Loans charged off | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (184) | ​ | ​ | (4,381) | ​ | ​ | (4,565) | ​
Recoveries of loans previously charged off | ​ |  | 25 | ​ | ​ | — | ​ | ​ | 4 | ​ | ​ | 1 | ​ | ​ | 122 | ​ | ​ | 4,839 | ​ | ​ | 4,991 | ​
Balance at December 31, 2021 | ​ | ​ | 2,660 | ​ | ​ | 856 | ​ | ​ | 11,085 | ​ | ​ | 593 | ​ | ​ | 172 | ​ | ​ | 24,791 | ​ | ​ | 40,157 | ​
Provision charged to operations | ​ |  | (54) | ​ | ​ | (68) | ​ | ​ | (534) | ​ | ​ | (98) | ​ | ​ | 186 | ​ | ​ | 3,740 | ​ | ​ | 3,172 | ​
Loans charged off | ​ |  | (2) | ​ | ​ | — | ​ | ​ | (140) | ​ | ​ | — | ​ | ​ | (260) | ​ | ​ | (7,016) | ​ | ​ | (7,418) | ​
Recoveries of loans previously charged off | ​ |  | 18 | ​ | ​ | — | ​ | ​ | 20 | ​ | ​ | 2 | ​ | ​ | 113 | ​ | ​ | 4,454 | ​ | ​ | 4,607 | ​
Balance at December 31, 2022 | ​ | $ | 2,622 | ​ | $ | 788 | ​ | $ | 10,431 | ​ | $ | 497 | ​ | $ | 211 | ​ | $ | 25,969 | ​ | $ | 40,518 | ​
​
Schedule of balance of the allowance for loan losses and the allowance by impairment methodology | The following table presents, as of December 31, 2022, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Real Estate |  | ​ | ​ |  | Commercial, |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
​ | ​ | Residential | ​ | Real Estate | ​ | Financial & | ​ | Equity | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ |
(Dollars in thousands) | ​ | Mortgage | ​ | Construction | ​ | Agricultural | ​ | Lines | ​ | Consumer | ​ | Finance | ​ | Total |
Allowance balance attributable to loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 51 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 51 | ​
Collectively evaluated for impairment | ​ | ​ | 2,571 | ​ | ​ | 788 | ​ | ​ | 10,431 | ​ | ​ | 497 | ​ | ​ | 211 | ​ | ​ | 25,969 | ​ | ​ | 40,467 | ​
Acquired loans - PCI | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Total allowance | ​ | $ | 2,622 | ​ | $ | 788 | ​ | $ | 10,431 | ​ | $ | 497 | ​ | $ | 211 | ​ | $ | 25,969 | ​ | $ | 40,518 | ​
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 797 | ​ | $ | — | ​ | $ | — | ​ | $ | 26 | ​ | $ | — | ​ | $ | — | ​ | $ | 823 | ​
Collectively evaluated for impairment | ​ | ​ | 265,170 | ​ | ​ | 59,675 | ​ | ​ | 781,867 | ​ | ​ | 43,259 | ​ | ​ | 8,912 | ​ | ​ | 474,557 | ​ | ​ | 1,633,440 | ​
Acquired loans - PCI | ​ | ​ | 300 | ​ | ​ | — | ​ | ​ | 1,114 | ​ | ​ | 15 | ​ | ​ | 26 | ​ | ​ | — | ​ | ​ | 1,455 | ​
Total loans | ​ | $ | 266,267 | ​ | $ | 59,675 | ​ | $ | 782,981 | ​ | $ | 43,300 | ​ | $ | 8,938 | ​ | $ | 474,557 | ​ | $ | 1,635,718 | ​
​ The following table presents, as of December 31, 2021, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Real Estate |  | ​ | ​ |  | Commercial, |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
​ | ​ | Residential | ​ | Real Estate | ​ | Financial & | ​ | Equity | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ |
(Dollars in thousands) | ​ | Mortgage | ​ | Construction | ​ | Agricultural | ​ | Lines | ​ | Consumer | ​ | Finance | ​ | Total |
Allowance balance attributable to loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 63 | ​ | $ | — | ​ | $ | 592 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 655 | ​
Collectively evaluated for impairment | ​ | ​ | 2,597 | ​ | ​ | 856 | ​ | ​ | 10,493 | ​ | ​ | 593 | ​ | ​ | 172 | ​ | ​ | 24,791 | ​ | ​ | 39,502 | ​
Acquired loans - PCI | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Total allowance | ​ | $ | 2,660 | ​ | $ | 856 | ​ | $ | 11,085 | ​ | $ | 593 | ​ | $ | 172 | ​ | $ | 24,791 | ​ | $ | 40,157 | ​
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 1,585 | ​ | $ | — | ​ | $ | 3,513 | ​ | $ | 110 | ​ | $ | — | ​ | $ | — | ​ | $ | 5,208 | ​
Collectively evaluated for impairment | ​ | ​ | 214,614 | ​ | ​ | 57,495 | ​ | ​ | 711,464 | ​ | ​ | 41,197 | ​ | ​ | 8,233 | ​ | ​ | 368,194 | ​ | ​ | 1,401,197 | ​
Acquired loans - PCI | ​ | ​ | 817 | ​ | ​ | — | ​ | ​ | 2,753 | ​ | ​ | 38 | ​ | ​ | 47 | ​ | ​ | — | ​ | ​ | 3,655 | ​
Total loans | ​ | $ | 217,016 | ​ | $ | 57,495 | ​ | $ | 717,730 | ​ | $ | 41,345 | ​ | $ | 8,280 | ​ | $ | 368,194 | ​ | $ | 1,410,060 | ​
​
Schedule of loans by credit quality indicators | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Special |  | ​ | ​ |  | Substandard |  | ​ | ​ |
(Dollars in thousands) | ​ | Pass | ​ | Mention | ​ | Substandard | ​ | Nonaccrual | ​ | Total1 |
Real estate – residential mortgage | ​ | $ | 264,891 | ​ | $ | 518 | ​ | $ | 702 | ​ | $ | 156 | ​ | $ | 266,267 | ​
Real estate – construction: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction lending | ​ |  | 49,136 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 49,136 | ​
Consumer lot lending | ​ |  | 10,539 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 10,539 | ​
Commercial, financial and agricultural: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate lending | ​ |  | 585,707 | ​ |  | 738 | ​ |  | 5,856 | ​ |  | — | ​ |  | 592,301 | ​
Land acquisition and development lending | ​ |  | 37,537 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 37,537 | ​
Builder line lending | ​ |  | 34,538 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 34,538 | ​
Commercial business lending | ​ |  | 118,605 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 118,605 | ​
Equity lines | ​ |  | 43,147 | ​ |  | 40 | ​ |  | 5 | ​ |  | 108 | ​ |  | 43,300 | ​
Consumer | ​ |  | 8,747 | ​ |  | 191 | ​ |  | — | ​ |  | — | ​ |  | 8,938 | ​
​ | ​ | $ | 1,152,847 | ​ | $ | 1,487 | ​ | $ | 6,563 | ​ | $ | 264 | ​ | $ | 1,161,161 | ​
1 | At December 31, 2022, the Corporation did no t have any loans classified as Doubtful or Loss.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Non- | ​ | ​ | ​
(Dollars in thousands) |  | Performing |  | Performing |  | Total
Consumer finance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Automobiles | ​ | $ | 410,270 | ​ | $ | 842 | ​ | $ | 411,112
Marine and recreational vehicles | ​ | ​ | 63,362 | ​ | ​ | 83 | ​ | ​ | 63,445
​ | ​ | $ | 473,632 | ​ | $ | 925 | ​ | $ | 474,557
​ Loans by credit quality indicators as of December 31, 2021 were as follows: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Special |  | ​ | ​ |  | Substandard |  | ​ | ​ |
(Dollars in thousands) | ​ | Pass | ​ | Mention | ​ | Substandard | ​ | Nonaccrual | ​ | Total1 |
Real estate – residential mortgage | ​ | $ | 215,432 | ​ | $ | 664 | ​ | $ | 605 | ​ | $ | 315 | ​ | $ | 217,016 | ​
Real estate – construction: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction lending | ​ |  | 39,252 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 39,252 | ​
Consumer lot lending | ​ |  | 18,243 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 18,243 | ​
Commercial, financial and agricultural: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate lending | ​ |  | 519,938 | ​ |  | 1,989 | ​ |  | 5,986 | ​ |  | — | ​ |  | 527,913 | ​
Land acquisition and development lending | ​ |  | 27,609 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 27,609 | ​
Builder line lending | ​ |  | 30,499 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 30,499 | ​
Commercial business lending | ​ |  | 129,587 | ​ |  | — | ​ |  | — | ​ |  | 2,122 | ​ |  | 131,709 | ​
Equity lines | ​ |  | 41,013 | ​ |  | 47 | ​ |  | 181 | ​ |  | 104 | ​ |  | 41,345 | ​
Consumer | ​ |  | 8,276 | ​ |  | — | ​ |  | 1 | ​ |  | 3 | ​ |  | 8,280 | ​
​ | ​ | $ | 1,029,849 | ​ | $ | 2,700 | ​ | $ | 6,773 | ​ | $ | 2,544 | ​ | $ | 1,041,866 | ​
1 | At December 31, 2021, the Corporation did no t have any loans classified as Doubtful or Loss.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Non- | ​ | ​ | ​
(Dollars in thousands) |  | Performing |  | Performing |  | Total
Consumer finance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Automobiles | ​ | $ | 321,687 | ​ | $ | 380 | ​ | $ | 322,067
Marine and recreational vehicles | ​ | ​ | 46,127 | ​ | ​ | — | ​ | ​ | 46,127
​ | ​ | $ | 367,814 | ​ | $ | 380 | ​ | $ | 368,194

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- Definition Tabular disclosure of the activity in the total allowance for credit losses related to financing receivables (such as loans or lease receivables) for entities that have an unclassified balance sheet, including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. + References No definition available. + Details
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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/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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