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Allowance for Loan Losses (Tables)

12 Months Ended

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 not 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 not 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