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Loan Quality And Allowance For Credit Losses | 12 Months Ended
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Dec. 31, 2023
Loan Quality And Allowance For Credit Losses [Abstract] |
Loan Quality And Allowance For Credit Losses | Note 6. Loan Quality and Allowance for Credit Losses The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. Management utilizes a risk rating scale ranging from 1-Prime to 9-Loss to evaluate loan quality. This risk rating scale is used primarily for commercial purpose loans. Consumer purpose loans are identified as either performing or nonperforming based on the payment status of the loans. Nonperforming consumer loans are loans that are nonaccrual or 90 days or more past due and still accruing. The Bank uses the following definitions for risk ratings: Pass (1-5): are considered pass credits with lower or average risk and are not otherwise classified. OAEM (6): Loans classified as OAEM have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the borrower’s credit position at some future date. Substandard (7): Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful (8): Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the pool evaluation. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the sale of the collateral, the expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for any discounts and selling costs as appropriate. Management monitors loan performance on a monthly basis and performs a quarterly evaluation of the adequacy of the Allowance for Credit Loss for loans (ACL). The Bank begins enhanced monitoring of all loans rated 6–OAEM or worse and obtains a new appraisal or asset valuation for any loans placed on nonaccrual and rated 7 - Substandard or worse. Management, at its discretion, may determine that additional adjustments to the appraisal or valuation are required. Valuation adjustments will be made as necessary based on factors, including, but not limited to: the economy, deferred maintenance, industry, type of property/equipment, age of the appraisal, etc. and the knowledge Management has about a particular situation. In addition, the cost to sell or liquidate the collateral is also estimated and deducted from the valuation in order to determine the net realizable value to the Bank. When determining the ACL, certain factors involved in the evaluation are inherently subjective and require material estimates that may be susceptible to significant change, including the amounts and timing of future cash flows. Management monitors the adequacy of the ACL on an ongoing basis and reports its adequacy quarterly to the Enterprise Risk Management Committee of the Board of Directors. Management believes the ACL at December 31, 2023 is adequate. The following table presents loans by year of origination and internally assigned risk ratings:
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  | Revolving |  |  |
|  | Term Loans |  | Loans |  | Loans |  |  |
|  | Amortized Cost Basis by Origination Year |  | Amortized |  | Converted |  |  |
As of December 31, 2023 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Cost Basis |  | to Term |  | Total
Residential real estate 1-4 family: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 9,867 |  | $ | 9,088 |  | $ | 11,038 |  | $ | 9,691 |  | $ | 2,433 |  | $ | 22,906 |  | $ | 2,057 |  | $ | — |  | $ | 67,080
OAEM (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Commercial |  |  | 9,867 |  |  | 9,088 |  |  | 11,038 |  |  | 9,691 |  |  | 2,433 |  |  | 22,906 |  |  | 2,057 |  |  | — |  |  | 67,080
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 53,128 |  |  | 34,136 |  |  | 15,625 |  |  | 10,245 |  |  | 5,222 |  |  | 28,423 |  |  | 43,968 |  |  | 20,022 |  |  | 210,769
Nonperforming |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Consumer |  |  | 53,128 |  |  | 34,136 |  |  | 15,625 |  |  | 10,245 |  |  | 5,222 |  |  | 28,423 |  |  | 43,968 |  |  | 20,022 |  |  | 210,769
Total |  | $ | 62,995 |  | $ | 43,224 |  | $ | 26,663 |  | $ | 19,936 |  | $ | 7,655 |  | $ | 51,329 |  | $ | 46,025 |  | $ | 20,022 |  | $ | 277,849
Current period gross charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Residential real estate construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 6,845 |  | $ | 2,209 |  | $ | 1,289 |  | $ | 214 |  | $ | — |  | $ | 1,506 |  | $ | — |  | $ | — |  | $ | 12,063
OAEM (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Commercial |  |  | 6,845 |  |  | 2,209 |  |  | 1,289 |  |  | 214 |  |  | — |  |  | 1,506 |  |  | — |  |  | — |  |  | 12,063
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 13,837 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,837
Nonperforming |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total Consumer |  |  | 13,837 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,837
Total |  | $ | 20,682 |  | $ | 2,209 |  | $ | 1,289 |  | $ | 214 |  | $ | — |  | $ | 1,506 |  | $ | — |  | $ | — |  | $ | 25,900
Current period gross charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 180,052 |  | $ | 110,886 |  | $ | 98,540 |  | $ | 34,307 |  | $ | 38,603 |  | $ | 214,179 |  | $ | 10,567 |  | $ | — |  | $ | 687,134
OAEM (6) |  |  | 2,955 |  |  | 1,350 |  |  | 1,000 |  |  | 6,823 |  |  | — |  |  | 2,182 |  |  | 139 |  |  | — |  |  | 14,449
Substandard (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,134 |  |  | 50 |  |  | — |  |  | 2,184
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 183,007 |  | $ | 112,236 |  | $ | 99,540 |  | $ | 41,130 |  | $ | 38,603 |  | $ | 218,495 |  | $ | 10,756 |  | $ | — |  | $ | 703,767
Current period gross charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-5) |  | $ | 34,851 |  | $ | 33,983 |  | $ | 45,754 |  | $ | 22,847 |  | $ | 3,579 |  | $ | 64,542 |  | $ | 36,508 |  | $ | — |  | $ | 242,064
OAEM (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard (7) |  |  | — |  |  | 317 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 273 |  |  | — |  |  | 590
Doubtful (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 34,851 |  | $ | 34,300 |  | $ | 45,754 |  | $ | 22,847 |  | $ | 3,579 |  | $ | 64,542 |  | $ | 36,781 |  | $ | — |  | $ | 242,654
Current period gross charge-offs |  | $ | (125) |  | $ | — |  | $ | (130) |  | $ | — |  | $ | — |  | $ | — |  | $ | (50) |  | $ | — |  | $ | (305)
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 1,863 |  |  | 669 |  |  | 1,985 |  |  | 148 |  |  | 80 |  |  | 5 |  |  | 2,060 |  |  | — |  |  | 6,810
Nonperforming |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5
Total |  | $ | 1,863 |  | $ | 669 |  | $ | 1,985 |  | $ | 148 |  | $ | 80 |  | $ | 5 |  | $ | 2,065 |  | $ | — |  | $ | 6,815
Current period gross charge-offs |  | $ | (63) |  | $ | — |  | $ | (10) |  | $ | (2) |  | $ | (6) |  | $ | — |  | $ | (36) |  | $ | — |  | $ | (117)
‎ The following presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing as of December 31, 2023:
(Dollars in thousands) |  | Nonaccrual and Loans Past Due Over 90 Days+
|  |  |  |  |  |  |  | Loans Past Due
|  | Nonaccrual |  | Nonaccrual |  | Over 90 Days
|  | Without ACL |  | With ACL |  | Still Accruing
December 31, 2023 |  |  |  |  |  |  |  |  |
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |
First liens |  | $ | — |  | $ | — |  | $ | —
Junior liens and lines of credit |  |  | — |  |  | — |  |  | —
Total |  |  | — |  |  | — |  |  | —
Residential real estate - construction |  |  | — |  |  | — |  |  | —
Commercial real estate |  |  | — |  |  | — |  |  | —
Commercial |  |  | 147 |  |  | — |  |  | —
Consumer |  |  | — |  |  | — |  |  | 5
Total |  | $ | 147 |  | $ | — |  | $ | 5
The following table reports on the risk rating for those loans in the portfolio that are assigned an individual risk rating as of December 31, 2022:
| Pass |  | OAEM |  | Substandard |  | Doubtful |  |  |
(Dollars in thousands) | (1-5) |  | (6) |  | (7) |  | (8) |  | Total
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens | $ | 146,748 |  | $ | — |  | $ | 120 |  | $ | — |  | $ | 146,868
Junior liens and lines of credit |  | 73,688 |  |  | — |  |  | — |  |  | — |  |  | 73,688
Total |  | 220,436 |  |  | — |  |  | 120 |  |  | — |  |  | 220,556
Residential real estate - construction |  | 24,393 |  |  | — |  |  | — |  |  | — |  |  | 24,393
Commercial real estate |  | 560,294 |  |  | 1,095 |  |  | 2,902 |  |  | — |  |  | 564,291
Commercial |  | 228,085 |  |  | 2,751 |  |  | 4,766 |  |  | — |  |  | 235,602
Consumer |  | 6,199 |  |  | — |  |  | — |  |  | — |  |  | 6,199
Total | $ | 1,039,407 |  | $ | 3,846 |  | $ | 7,788 |  | $ | — |  | $ | 1,051,041
Delinquent loans are a result of borrowers’ cash flow and/or alternative sources of cash being insufficient to repay loans. The Bank’s likelihood of collateral liquidation to repay the loans becomes more probable the further behind a borrower falls, particularly when loans reach 90 days or more past due. Management monitors the performance status of loans by the use of an aging report. The aging report can provide an early indicator of loans that may become severely delinquent and possibly result in a loss to the Bank. The following table presents the aging of payments in the loan portfolio as of December 31, 2023 and 2022:
(Dollars in thousands) | Loans Past Due and Still Accruing |  |  |
|  |  |  |  |  |  |  |  |  |  | Total |  |  |  |  | Total |  |  |
|  | 30-59 Days |  | 60-89 Days |  | 90 Days+ |  | Past Due |  | Current |  | Loans |  |  |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  | $ | 62 |  | $ | 394 |  | $ | — |  | $ | 456 |  | $ | 204,832 |  | $ | 205,288 |  |  |
Junior liens and lines of credit |  |  | 239 |  |  | 228 |  |  | — |  |  | 467 |  |  | 72,094 |  |  | 72,561 |  |  |
Total |  |  | 301 |  |  | 622 |  |  | — |  |  | 923 |  |  | 276,926 |  |  | 277,849 |  |  |
Residential real estate - construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25,900 |  |  | 25,900 |  |  |
Commercial real estate |  |  | 3,232 |  |  | — |  |  | — |  |  | 3,232 |  |  | 700,535 |  |  | 703,767 |  |  |
Commercial |  |  | 542 |  |  | 112 |  |  | 147 |  |  | 801 |  |  | 241,853 |  |  | 242,654 |  |  |
Consumer |  |  | 21 |  |  | 12 |  |  | 5 |  |  | 38 |  |  | 6,777 |  |  | 6,815 |  |  |
Total |  | $ | 4,096 |  | $ | 746 |  | $ | 152 |  | $ | 4,994 |  | $ | 1,251,991 |  | $ | 1,256,985 |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Total |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Past Due & |  |  |  |  | Total
December 31, 2022 |  | 30-59 Days |  | 60-89 Days |  | 90 Days+ |  | Nonaccrual |  | Nonaccrual |  | Current |  | Loans
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  | $ | 340 |  | $ | 177 |  | $ | — |  | $ | 120 |  | $ | 637 |  | $ | 146,231 |  | $ | 146,868
Junior liens and lines of credit |  |  | 490 |  |  | — |  |  | — |  |  | — |  |  | 490 |  |  | 73,198 |  |  | 73,688
Total |  |  | 830 |  |  | 177 |  |  | — |  |  | 120 |  |  | 1,127 |  |  | 219,429 |  |  | 220,556
Residential real estate - construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 24,393 |  |  | 24,393
Commercial real estate |  |  | 649 |  |  | — |  |  | — |  |  | — |  |  | 649 |  |  | 563,642 |  |  | 564,291
Commercial |  |  | 681 |  |  | 50 |  |  | — |  |  | — |  |  | 731 |  |  | 234,871 |  |  | 235,602
Consumer |  |  | 29 |  |  | 5 |  |  | 13 |  |  | — |  |  | 47 |  |  | 6,152 |  |  | 6,199
Total |  | $ | 2,189 |  | $ | 232 |  | $ | 13 |  | $ | 120 |  | $ | 2,554 |  | $ | 1,048,487 |  | $ | 1,051,041
At December 31, 2023, the Bank had $0 of residential properties in the process of foreclosure compared to $120 thousand at the end of 2022. Interest not recognized on nonaccrual loans was $6 thousand for the years ended December 31, 2023 and 2022, respectively. On January 1, 2023, The Bank adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for troubled debt restructurings (“TDRs”) while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearances, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. No loan modifications were made to borrowers experiencing financial difficulties during 2023. Prior to the adoption of ASU 2022-02, certain modified loans were reported as TDRs and impaired. The following table presents impaired loans as of December 31, 2022:
|  | Impaired Loans
|  | With No Allowance |  | With Allowance
(Dollars in thousands) |  |  |  |  | Unpaid |  |  |  |  | Unpaid |  |  |
|  | Recorded |  | Principal |  | Recorded |  | Principal |  | Related
December 31, 2022 |  | Investment |  | Balance |  | Investment |  | Balance |  | Allowance
Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  | $ | 619 |  | $ | 619 |  | $ | — |  | $ | — |  | $ | —
Junior liens and lines of credit |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  |  | 619 |  |  | 619 |  |  | — |  |  | — |  |  | —
Residential real estate - construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial real estate |  |  | 2,331 |  |  | 2,331 |  |  | — |  |  | — |  |  | —
Commercial |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 2,950 |  | $ | 2,950 |  | $ | — |  | $ | — |  | $ | —
|  | Twelve Months Ended
|  | December 31, 2022
|  | Average |  | Interest
(Dollars in thousands) |  | Recorded |  | Income
|  | Investment |  | Recognized
Residential Real Estate 1-4 Family |  |  |  |  |  |
First liens |  | $ | 641 |  | $ | 33
Junior liens and lines of credit |  |  | — |  |  | —
Total |  |  | 641 |  |  | 33
Residential real estate - construction |  |  | 106 |  |  | 105
Commercial real estate |  |  | 7,765 |  |  | 369
Commercial |  |  | — |  |  | —
Total |  | $ | 8,512 |  | $ | 507
‎ The following table presents TDR loans as of December 31, 2022:
|  |  |  |  |  |  |  |  |  |  |  |  | Troubled Debt Restructurings
|  |  |  |  |  |  |  |  |  |  |  |  | Within the Last 12 Months
|  |  |  |  |  |  |  |  |  | That Have Defaulted
(Dollars in thousands) |  | Troubled Debt Restructurings |  | on Modified Terms
|  | Number of |  | Recorded |  |  |  |  |  |  |  | Number of |  | Recorded
|  | Contracts |  | Investment |  | Performing* |  | Nonperforming* |  | Contracts |  | Investment
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate - construction |  | — |  | $ | — |  | $ | — |  | $ | — |  | — |  | $ | —
Residential real estate |  | 5 |  |  | 619 |  |  | 619 |  |  | — |  | — |  |  | —
Commercial real estate - owner occupied |  | 3 |  |  | 783 |  |  | 783 |  |  | — |  | — |  |  | —
Commercial real estate - farmland |  | 3 |  |  | 1,466 |  |  | 1,466 |  |  | — |  | — |  |  | —
Commercial real estate - construction and land development |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | —
Commercial real estate |  | 1 |  |  | 82 |  |  | 82 |  |  | — |  | — |  |  | —
Total |  | 12 |  | $ | 2,950 |  | $ | 2,950 |  | $ | — |  | — |  | $ | —
*The performing status is determined by the loan’s compliance with the modified terms. Allowance for Credit Losses: The following table shows the activity in the Allowance for Credit Loss (ACL), for the years ended December 31, 2023 and 2022:
|  | Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |
|  | First |  | Junior Liens & |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Liens |  | Lines of Credit |  | Construction |  | Real Estate |  | Commercial |  | Consumer |  | Unallocated |  | Total
ALL at December 31, 2022 |  | $ | 459 |  | $ | 234 |  | $ | 343 |  | $ | 7,493 |  | $ | 4,846 |  | $ | 133 |  | $ | 667 |  | $ | 14,175
Impact of adopting CECL on 1-1-23 |  |  | 1,096 |  |  | 493 |  |  | (95) |  |  | 584 |  |  | (1,907) |  |  | (40) |  |  | (667) |  |  | (536)
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (305) |  |  | (117) |  |  | — |  |  | (422)
Recoveries |  |  | 2 |  |  | — |  |  | 49 |  |  | 1 |  |  | 112 |  |  | 82 |  |  | — |  |  | 246
Provision |  |  | (261) |  |  | (308) |  |  | (1) |  |  | 2,579 |  |  | 544 |  |  | 36 |  |  | — |  |  | 2,589
ACL at December 31, 2023 |  | $ | 1,296 |  | $ | 419 |  | $ | 296 |  | $ | 10,657 |  | $ | 3,290 |  | $ | 94 |  | $ | — |  | $ | 16,052
ALL at December 31, 2021 |  | $ | 475 |  | $ | 252 |  | $ | 325 |  | $ | 8,168 |  | $ | 5,127 |  | $ | 130 |  | $ | 589 |  | $ | 15,066
Charge-offs |  |  | (20) |  |  | — |  |  | — |  |  | (1,451) |  |  | (71) |  |  | (102) |  |  | — |  |  | (1,644)
Recoveries |  |  | 48 |  |  | 2 |  |  | — |  |  | 1 |  |  | 26 |  |  | 26 |  |  | — |  |  | 103
Provision |  |  | (44) |  |  | (20) |  |  | 18 |  |  | 775 |  |  | (236) |  |  | 79 |  |  | 78 |  |  | 650
ALL at December 31, 2022 |  | $ | 459 |  | $ | 234 |  | $ | 343 |  | $ | 7,493 |  | $ | 4,846 |  | $ | 133 |  | $ | 667 |  | $ | 14,175
The following table shows the loans that were evaluated for the ACL under a specific reserve (individually) and those that were evaluated under a general reserve (collectively), and the amount of the ACL established in each category as of December 31, 2023 and 2022:
|  | Residential Real Estate 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |
|  | First |  | Junior Liens & |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Liens |  | Lines of Credit |  | Construction |  | Real Estate |  | Commercial |  | Consumer |  | Unallocated |  | Total
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans evaluated for ACL: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Collectively |  |  | 205,288 |  |  | 72,561 |  |  | 25,900 |  |  | 703,767 |  |  | 242,654 |  |  | 6,815 |  |  | — |  |  | 1,256,985
Total |  | $ | 205,288 |  | $ | 72,561 |  | $ | 25,900 |  | $ | 703,767 |  | $ | 242,654 |  | $ | 6,815 |  | $ | — |  | $ | 1,256,985
ACL established for ‎ loans evaluated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Collectively |  |  | 1,296 |  |  | 419 |  |  | 296 |  |  | 10,657 |  |  | 3,290 |  |  | 94 |  |  | — |  |  | 16,052
ACL at December 31, 2023 |  | $ | 1,296 |  | $ | 419 |  | $ | 296 |  | $ | 10,657 |  | $ | 3,290 |  | $ | 94 |  | $ | — |  | $ | 16,052
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans evaluated for ALL: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | 619 |  | $ | — |  | $ | — |  | $ | 2,331 |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,950
Collectively |  |  | 146,249 |  |  | 73,688 |  |  | 24,393 |  |  | 561,960 |  |  | 235,602 |  |  | 6,199 |  |  | — |  |  | 1,048,091
Total |  | $ | 146,868 |  | $ | 73,688 |  | $ | 24,393 |  | $ | 564,291 |  | $ | 235,602 |  | $ | 6,199 |  | $ | — |  | $ | 1,051,041
ALL established for ‎ loans evaluated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Collectively |  |  | 459 |  |  | 234 |  |  | 343 |  |  | 7,493 |  |  | 4,846 |  |  | 133 |  |  | 667 |  |  | 14,175
ALL at December 31, 2022 |  | $ | 459 |  | $ | 234 |  | $ | 343 |  | $ | 7,493 |  | $ | 4,846 |  | $ | 133 |  | $ | 667 |  | $ | 14,175

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