XML 34 R25.htm IDEA: XBRL DOCUMENT

Loans (Tables)

6 Months Ended

Jun. 30, 2023

Summary of classes of loans


		June 30,			December 31,
(Dollars in thousands)		2023			2022
Commercial real estate		$	630,018		$	592,301
Commercial business			117,505			118,605
Construction - commercial real estate			53,620			49,136
Land acquisition and development			33,107			37,537
Builder lines			29,857			34,538
Construction - consumer real estate			11,542			10,539
Residential mortgage			282,111			266,267
Equity lines			45,410			43,300
Other consumer			8,792			8,938
Consumer finance - automobiles			408,010			411,112
Consumer finance - marine and recreational vehicles			67,018			63,445
Subtotal			1,686,990			1,635,718
Less allowance for credit losses			(40,528)			(40,518)
Loans, net		$	1,646,462		$	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		$	629,754		$	630,018		$	—
Commercial business			—			—			—			—			117,505			117,505			—
Construction - commercial real estate			—			—			—			—			53,620			53,620			—
Land acquisition and development			—			—			—			—			33,107			33,107			—
Builder lines			—			—			—			—			29,857			29,857			—
Construction - consumer real estate			—			—			—			—			11,542			11,542			—
Residential mortgage			794			307			240			1,341			280,770			282,111			240
Equity lines			146			192			98			436			44,974			45,410			—
Other consumer			30			—			—			30			8,762			8,792			—
Consumer finance - automobiles			10,842			2,002			610			13,454			394,556			408,010			—
Consumer finance - marine and recreational vehicles			152			54			39			245			66,773			67,018			—
Total		$	11,964		$	2,555		$	1,251		$	15,770		$	1,671,220		$	1,686,990		$	240

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


		June 30,			December 31,
(Dollars in thousands)		2023			2022
Commercial real estate		$	264		$	—
Residential mortgage			149			156
Equity lines			107			108
Consumer finance - automobiles			610			842
Consumer finance - marine and recreational vehicles			39			83
Total		$	1,169		$	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)


			Six Months Ended
(Dollars in thousands)		June 30, 2022
Accretable yield, balance at beginning of period		$	3,111
Accretion			(1,019)
Reclassification of nonaccretable difference due to improvement in expected cash flows			616
Other changes, net			(271)
Accretable yield, balance at end of period		$	2,437

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