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v3.23.1

Loans (Tables) | 3 Months Ended
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Mar. 31, 2023
Loans |
Summary of classes of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(Dollars in thousands) |  | 2023 |  | 2022
Commercial real estate | ​ | $ | 614,620 | ​ | $ | 592,301
Commercial business | ​ |  | 114,722 | ​ |  | 118,605
Construction - commercial real estate | ​ |  | 53,801 | ​ |  | 49,136
Land acquisition and development | ​ |  | 40,214 | ​ |  | 37,537
Builder lines | ​ |  | 32,668 | ​ |  | 34,538
Construction - consumer real estate | ​ | ​ | 12,552 | ​ | ​ | 10,539
Residential mortgage | ​ | ​ | 278,106 | ​ | ​ | 266,267
Equity lines | ​ | ​ | 43,443 | ​ | ​ | 43,300
Other consumer | ​ | ​ | 7,911 | ​ | ​ | 8,938
Consumer finance - automobiles | ​ | ​ | 409,350 | ​ | ​ | 411,112
Consumer finance - marine and recreational vehicles | ​ |  | 65,808 | ​ |  | 63,445
Subtotal | ​ |  | 1,673,195 | ​ |  | 1,635,718
Less allowance for credit losses | ​ |  | (40,834) | ​ |  | (40,518)
Loans, net | ​ | $ | 1,632,361 | ​ | $ | 1,595,200
​
Schedule of past due status of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | 90+ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90+ Days
​ | ​ | Days | ​ | Days | ​ | Days | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Past Due and
(Dollars in thousands) |  | Past Due | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Current1 | ​ | Total Loans | ​ | Accruing
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | 264 | ​ | $ | 264 | ​ | $ | 614,356 | ​ | $ | 614,620 | ​ | $ | 264
Commercial business | ​ |  | — | ​ | ​ | 147 | ​ | ​ | — | ​ | ​ | 147 | ​ | ​ | 114,575 | ​ | ​ | 114,722 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 53,801 | ​ | ​ | 53,801 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 40,214 | ​ | ​ | 40,214 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,668 | ​ | ​ | 32,668 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,552 | ​ | ​ | 12,552 | ​ | ​ | —
Residential mortgage | ​ | ​ | 836 | ​ | ​ | 122 | ​ | ​ | 301 | ​ | ​ | 1,259 | ​ | ​ | 276,847 | ​ | ​ | 278,106 | ​ | ​ | 301
Equity lines | ​ | ​ | 217 | ​ | ​ | 103 | ​ | ​ | — | ​ | ​ | 320 | ​ | ​ | 43,123 | ​ | ​ | 43,443 | ​ | ​ | —
Other consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,911 | ​ | ​ | 7,911 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 8,896 | ​ | ​ | 1,545 | ​ | ​ | 623 | ​ | ​ | 11,064 | ​ | ​ | 398,286 | ​ | ​ | 409,350 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 224 | ​ | ​ | 50 | ​ | ​ | 24 | ​ | ​ | 298 | ​ | ​ | 65,510 | ​ | ​ | 65,808 | ​ | ​ | —
Total | ​ | $ | 10,173 | ​ | $ | 1,967 | ​ | $ | 1,212 | ​ | $ | 13,352 | ​ | $ | 1,659,843 | ​ | $ | 1,673,195 | ​ | $ | 565
1 | For the purposes of the table above, “Current” includes loans that are 1-29 days past due. |
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | 90+ Days |
​ | ​ | 30 - 59 Days | ​ | 60 - 89 Days | ​ | 90+ Days | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Past Due and |
(Dollars in thousands) | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | Past Due | ​ | PCI | ​ | Current1 | ​ | Total Loans | ​ | Accruing |
Residential mortgage | ​ | $ | 1,649 | ​ | $ | 452 | ​ | $ | 20 | ​ | $ | 2,121 | ​ | $ | 300 | ​ | $ | 263,846 | ​ | $ | 266,267 | ​ | $ | — | ​
Real estate – construction: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction - commercial real estate | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | 49,136 | ​ |  | 49,136 | ​ |  | — | ​
Construction - consumer real estate | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | 10,539 | ​ |  | 10,539 | ​ |  | — | ​
Commercial, financial and agricultural: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 1,114 | ​ |  | 591,187 | ​ |  | 592,301 | ​ |  | — | ​
Land acquisition and development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | 37,537 | ​ |  | 37,537 | ​ |  | — | ​
Builder lines | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | 34,538 | ​ |  | 34,538 | ​ |  | — | ​
Commercial business | ​ |  | — | ​ |  | 1 | ​ |  | — | ​ |  | 1 | ​ | ​ | — | ​ |  | 118,604 | ​ |  | 118,605 | ​ |  | — | ​
Equity lines | ​ |  | — | ​ |  | 39 | ​ |  | — | ​ |  | 39 | ​ | ​ | 15 | ​ |  | 43,246 | ​ |  | 43,300 | ​ |  | — | ​
Other consumer | ​ |  | 9 | ​ |  | — | ​ |  | 191 | ​ |  | 200 | ​ | ​ | 26 | ​ |  | 8,712 | ​ |  | 8,938 | ​ |  | 191 | ​
Consumer finance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Automobiles | ​ | ​ | 10,557 | ​ | ​ | 1,570 | ​ | ​ | 842 | ​ | ​ | 12,969 | ​ | ​ | — | ​ | ​ | 398,143 | ​ | ​ | 411,112 | ​ | ​ | — | ​
Marine and recreational vehicles | ​ |  | 114 | ​ |  | 35 | ​ |  | 83 | ​ |  | 232 | ​ | ​ | — | ​ |  | 63,213 | ​ |  | 63,445 | ​ |  | — | ​
Total | ​ | $ | 12,329 | ​ | $ | 2,097 | ​ | $ | 1,136 | ​ | $ | 15,562 | ​ | $ | 1,455 | ​ | $ | 1,618,701 | ​ | $ | 1,635,718 | ​ | $ | 191 | ​
1For the purposes of the table above, “Current” includes loans that are 1-29 days past due.
Schedule of loans on nonaccrual status | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(Dollars in thousands) |  | 2023 | ​ | 2022
Residential mortgage | ​ | $ | 154 | ​ | $ | 156
Equity lines | ​ | ​ | 108 | ​ | ​ | 108
Consumer finance - automobiles | ​ | ​ | 623 | ​ | ​ | 842
Consumer finance - marine and recreational vehicles | ​ | ​ | 24 | ​ | ​ | 83
Total | ​ | $ | 909 | ​ | $ | 1,189
​
Schedule of acquired loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​
​ |  | Acquired Loans - |  | Acquired Loans - |  | ​ | ​ |
​ | ​ | Purchased | ​ | Purchased | ​ | Acquired Loans - |
(Dollars in thousands) | ​ | Credit Impaired | ​ | Performing | ​ | Total |
Outstanding principal balance | ​ | $ | 4,522 | ​ | $ | 38,157 | ​ | $ | 42,679 | ​
Carrying amount | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Real estate – residential mortgage | ​ | $ | 300 | ​ | $ | 8,587 | ​ | $ | 8,887 | ​
Real estate – construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Commercial, financial and agricultural1 | ​ |  | 1,114 | ​ |  | 23,023 | ​ |  | 24,137 | ​
Equity lines | ​ |  | 15 | ​ |  | 5,047 | ​ |  | 5,062 | ​
Consumer | ​ |  | 26 | ​ |  | 755 | ​ |  | 781 | ​
Total acquired loans | ​ | $ | 1,455 | ​ | $ | 37,412 | ​ | $ | 38,867 | ​
1 | Includes acquired loans classified by the Corporation as commercial real estate lending and commercial business lending.
​
Summary of change in the accretable yield of loans classified as purchased credit impaired (PCI) | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​
(Dollars in thousands) |  | March 31, 2022 |
Accretable yield, balance at beginning of period | ​ | $ | 3,111 | ​
Accretion | ​ |  | (363) | ​
Reclassification of nonaccretable difference due to improvement in expected cash flows | ​ |  | 378 | ​
Other changes, net | ​ |  | (69) | ​
Accretable yield, balance at end of period | ​ | $ | 3,057 | ​
​
Schedule of impaired loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
​ | ​ | ​ | ​ | Recorded | ​ | Recorded | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | Investment | ​ | Investment | ​ | ​ | ​ | Average | ​ | ​ |
​ | ​ | Unpaid | ​ | in Loans | ​ | in Loans | ​ | ​ | ​ | Balance- | ​ | Interest | ​
​ | ​ | Principal | ​ | without | ​ | with | ​ | Related | ​ | Impaired | ​ | Income | ​
(Dollars in thousands) | ​ | Balance | ​ | Specific Reserve | ​ | Specific Reserve | ​ | Allowance | ​ | Loans | ​ | Recognized |
Real estate – residential mortgage | ​ | $ | 797 | ​ | $ | 36 | ​ | $ | 761 | ​ | $ | 51 | ​ | $ | 806 | ​ | $ | 35 | ​
Equity lines | ​ |  | 26 | ​ |  | 26 | ​ |  | — | ​ |  | — | ​ |  | 28 | ​ |  | 2 | ​
Total | ​ | $ | 823 | ​ | $ | 62 | ​ | $ | 761 | ​ | $ | 51 | ​ | $ | 834 | ​ | $ | 37 | ​
​

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