XML 36 R26.htm IDEA: XBRL DOCUMENT v3.24.3
Loans (Tables)
9 Months Ended
Sep. 30, 2024
Loans  
Summary of classes of loans

September 30, 

December 31, 

(Dollars in thousands)

    

2024

    

2023

Commercial real estate

$

701,647

$

668,122

Commercial business

 

115,410

 

115,348

Construction - commercial real estate

 

155,072

 

69,768

Land acquisition and development

 

33,774

 

29,064

Builder lines

 

29,664

 

24,668

Construction - consumer real estate

16,874

11,223

Residential mortgage

310,595

293,256

Equity lines

59,406

51,592

Other consumer

9,667

10,588

Consumer finance – automobiles

406,385

401,276

Consumer finance - marine and recreational vehicles

 

70,915

 

67,234

Subtotal

 

1,909,409

 

1,742,139

Less allowance for credit losses

 

(40,771)

 

(39,651)

Loans, net

$

1,868,638

$

1,702,488

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

$

89

$

429

$

$

518

$

701,129

$

701,647

$

Commercial business

 

115,410

115,410

Construction - commercial real estate

 

155,072

155,072

Land acquisition and development

 

33,774

33,774

Builder lines

 

29,664

29,664

Construction - consumer real estate

16,874

16,874

Residential mortgage

2,042

132

231

2,405

308,190

310,595

115

Equity lines

174

89

263

59,143

59,406

89

Other consumer

9,667

9,667

Consumer finance - automobiles

12,826

2,408

1,008

16,242

390,143

406,385

Consumer finance - marine and recreational vehicles

 

228

107

93

428

70,487

70,915

Total

$

15,185

$

3,250

$

1,421

$

19,856

$

1,889,553

$

1,909,409

$

204

1For the purposes of the table above, “Current” includes loans that are 1-29 days past due.

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

$

92

$

$

$

92

$

668,030

$

668,122

$

Commercial business

 

1

1

115,347

115,348

1

Construction - commercial real estate

 

69,768

69,768

Land acquisition and development

 

29,064

29,064

Builder lines

 

24,668

24,668

Construction - consumer real estate

11,223

11,223

Residential mortgage

1,643

387

273

2,303

290,953

293,256

89

Equity lines

215

103

115

433

51,159

51,592

38

Other consumer

3

9

12

10,576

10,588

Consumer finance - automobiles

15,263

2,628

892

18,783

382,493

401,276

Consumer finance - marine and recreational vehicles

 

282

115

397

66,837

67,234

Total

$

17,498

$

3,233

$

1,290

$

22,021

$

1,720,118

$

1,742,139

$

128

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)

    

2024

2023

Commercial business

$

92

$

Residential mortgage

516

320

Equity lines

20

77

Other consumer

9

Consumer finance - automobiles

1,008

892

Consumer finance - marine and recreational vehicles

93

Total

$

1,729

$

1,298

Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified

Three Months Ended September 30, 2024

Nine Months Ended September 30, 2024

% of Total

% of Total

Class of

Class of

Amortized

Financing

Amortized

Financing

(Dollars in thousands)

    

Cost

Receivable

Cost

Receivable

Term Extension

Commercial real estate

$

96

0.0

%

$

96

0.0

%

Residential mortgage

$

$

336

0.1

Total Term Extension

$

96

$

432

Combination Term Extension and Interest Rate Reduction

Residential mortgage

$

%

$

18

0.0

%

Total Combination Term Extension and Interest Rate Reduction

$

$

18

Total

$

96

0.0

%

$

450

0.0

%

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, 2024

Nine Months Ended September 30, 2024

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

%

1.0

    

%

1.0

Residential mortgage

1.51

6.9

Total

%

1.0

1.51

%

5.7

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