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Loans (Tables) | 9 Months Ended
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Sep. 30, 2023
Loans |
Summary of classes of loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(Dollars in thousands) |  | 2023 |  | 2022
Commercial real estate | ​ | $ | 645,467 | ​ | $ | 592,301
Commercial business | ​ |  | 118,641 | ​ |  | 118,605
Construction - commercial real estate | ​ |  | 62,994 | ​ |  | 49,136
Land acquisition and development | ​ |  | 28,400 | ​ |  | 37,537
Builder lines | ​ |  | 30,787 | ​ |  | 34,538
Construction - consumer real estate | ​ | ​ | 12,046 | ​ | ​ | 10,539
Residential mortgage | ​ | ​ | 290,325 | ​ | ​ | 266,267
Equity lines | ​ | ​ | 48,027 | ​ | ​ | 43,300
Other consumer | ​ | ​ | 9,867 | ​ | ​ | 8,938
Consumer finance - automobiles | ​ | ​ | 403,154 | ​ | ​ | 411,112
Consumer finance - marine and recreational vehicles | ​ |  | 68,021 | ​ |  | 63,445
Subtotal | ​ |  | 1,717,729 | ​ |  | 1,635,718
Less allowance for credit losses | ​ |  | (40,248) | ​ |  | (40,518)
Loans, net | ​ | $ | 1,677,481 | ​ | $ | 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 | ​ | $ | 614 | ​ | $ | — | ​ | $ | 424 | ​ | $ | 1,038 | ​ | $ | 644,429 | ​ | $ | 645,467 | ​ | $ | 160
Commercial business | ​ |  | 52 | ​ | ​ | 30 | ​ | ​ | — | ​ | ​ | 82 | ​ | ​ | 118,559 | ​ | ​ | 118,641 | ​ | ​ | —
Construction - commercial real estate | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 62,994 | ​ | ​ | 62,994 | ​ | ​ | —
Land acquisition and development | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,400 | ​ | ​ | 28,400 | ​ | ​ | —
Builder lines | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 30,787 | ​ | ​ | 30,787 | ​ | ​ | —
Construction - consumer real estate | ​ | ​ | 282 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 282 | ​ | ​ | 11,764 | ​ | ​ | 12,046 | ​ | ​ | —
Residential mortgage | ​ | ​ | 633 | ​ | ​ | 71 | ​ | ​ | 280 | ​ | ​ | 984 | ​ | ​ | 289,341 | ​ | ​ | 290,325 | ​ | ​ | 280
Equity lines | ​ | ​ | 268 | ​ | ​ | 9 | ​ | ​ | 51 | ​ | ​ | 328 | ​ | ​ | 47,699 | ​ | ​ | 48,027 | ​ | ​ | —
Other consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9,867 | ​ | ​ | 9,867 | ​ | ​ | —
Consumer finance - automobiles | ​ | ​ | 12,233 | ​ | ​ | 2,121 | ​ | ​ | 831 | ​ | ​ | 15,185 | ​ | ​ | 387,969 | ​ | ​ | 403,154 | ​ | ​ | —
Consumer finance - marine and recreational vehicles | ​ |  | 301 | ​ | ​ | — | ​ | ​ | 80 | ​ | ​ | 381 | ​ | ​ | 67,640 | ​ | ​ | 68,021 | ​ | ​ | —
Total | ​ | $ | 14,383 | ​ | $ | 2,231 | ​ | $ | 1,666 | ​ | $ | 18,280 | ​ | $ | 1,699,449 | ​ | $ | 1,717,729 | ​ | $ | 440
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(Dollars in thousands) |  | 2023 | ​ | 2022
Commercial real estate | ​ | $ | 264 | ​ | $ | —
Residential mortgage | ​ | ​ | 141 | ​ | ​ | 156
Equity lines | ​ | ​ | 60 | ​ | ​ | 108
Consumer finance - automobiles | ​ | ​ | 831 | ​ | ​ | 842
Consumer finance - marine and recreational vehicles | ​ | ​ | 80 | ​ | ​ | 83
Total | ​ | $ | 1,376 | ​ | $ | 1,189
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2023 | ​ | ​ | ​ | Nine Months Ended September 30, 2023 | ​
​ | ​ | ​ | ​ | % of Total | ​ | ​ | ​ | ​ | ​ | % of Total | ​
​ | ​ | ​ | ​ | Class of | ​ | ​ | ​ | ​ | ​ | Class of | ​
​ | ​ | Amortized | ​ | Financing | ​ | ​ | ​ | Amortized | ​ | Financing | ​
(Dollars in thousands) |  | Cost | ​ | Receivable | ​ | ​ | ​ | Cost | ​ | Receivable | ​
Term Extension | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | 969 | ​ | ​ | 0.2 | % | ​ | ​ | $ | 969 | ​ | ​ | 0.2 | %
Residential mortgage | ​ | ​ | 71 | ​ | ​ | 0.0 | ​ | ​ | ​ | ​ | 71 | ​ | ​ | 0.0 | ​
Total Term Extension | ​ | $ | 1,040 | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,040 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combination Term Extension and Interest Rate Reduction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | 45 | ​ | ​ | 0.0 | ​
Total Combination Term Extension and Interest Rate Reduction | ​ | $ | — | ​ | ​ | ​ | ​ | ​ | ​ | $ | 45 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 1,040 | ​ | ​ | 0.1 | % | ​ | ​ | $ | 1,085 | ​ | ​ | 0.1 | %
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2023 | ​ | ​ | Nine Months Ended September 30, 2023
​ | ​ | Weighted- | ​ | Weighted- | ​ | ​ | Weighted- | ​ | Weighted-
​ | ​ | Average | ​ | Average | ​ | ​ | Average | ​ | Average
​ | ​ | Interest Rate | ​ | Term Extension | ​ | ​ | Interest Rate | ​ | Term Extension
(Dollars in thousands) |  | Reduction | ​ | (in years) | ​ | ​ | Reduction | ​ | (in years)
Commercial real estate | ​ | ​ | — | % | ​ | 2.0 | ​ |  | ​ | 0.75 | % | ​ | 2.1
Residential mortgage | ​ | ​ | — | ​ | ​ | 10.0 | ​ | ​ | ​ | — | ​ | ​ | 10.0
Total | ​ | ​ | — | % | ​ | 2.5 | ​ | ​ | ​ | 0.75 | % | ​ | 2.6
​
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) | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Nine Months Ended | ​
(Dollars in thousands) |  | September 30, 2022 |
Accretable yield, balance at beginning of period | ​ | $ | 3,111 | ​
Accretion | ​ |  | (1,270) | ​
Reclassification of nonaccretable difference due to improvement in expected cash flows | ​ |  | 1,603 | ​
Other changes, net | ​ |  | 178 | ​
Accretable yield, balance at end of period | ​ | $ | 3,622 | ​
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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