Loans and Leases

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Loans and Leases

Loans and Leases

Summary of Major Loan and Lease Categories

(Dollars in thousands)	At September 30, 2024		At December 31, 2023
Commercial, financial and agricultural	$	1,044,043	$	989,723
Real estate-commercial	3,442,083		3,302,798
Real estate-construction	285,616		394,462
Real estate-residential secured for business purpose	530,674		517,002
Real estate-residential secured for personal purpose	969,562		909,015
Real estate-home equity secured for personal purpose	182,901		179,282
Loans to individuals	26,794		27,749
Lease financings	249,061		247,183
Total loans and leases held for investment, net of deferred income	$	6,730,734	$	6,567,214
Less: Allowance for credit losses, loans and leases	(86,041)		(85,387)
Net loans and leases held for investment	$	6,644,693	$	6,481,827
Imputed interest on lease financings, included in the above table	$	(32,337)	$	(30,485)
Net deferred costs, included in the above table	7,810		7,949
Overdraft deposits included in the above table	148		280

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at September 30, 2024 and December 31, 2023:

	Accruing Loans and Leases
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Total Accruing Loans and Leases		Nonaccrual Loans and Leases		Total Loans and Leases Held for Investment
At September 30, 2024
Commercial, financial and agricultural	$	1,008	$	888	$	—	$	1,896	$	1,039,444	$	1,041,340	$	2,703	$	1,044,043
Real estate—commercial real estate and construction:
Commercial real estate	3,539		975		—		4,514		3,433,889		3,438,403		3,680		3,442,083
Construction	1,831		—		—		1,831		280,986		282,817		2,799		285,616
Real estate—residential and home equity:
Residential secured for business purpose	1,720		169		—		1,889		528,155		530,044		630		530,674
Residential secured for personal purpose	3,292		644		—		3,936		961,641		965,577		3,985		969,562
Home equity secured for personal purpose	429		829		—		1,258		180,640		181,898		1,003		182,901
Loans to individuals	70		77		28		175		26,604		26,779		15		26,794
Lease financings	840		1,665		282		2,787		245,770		248,557		504		249,061
Total	$	12,729	$	5,247	$	310	$	18,286	$	6,697,129	$	6,715,415	$	15,319	$	6,730,734

	Accruing Loans and Leases
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Total Accruing Loans and Leases		Nonaccrual Loans and Leases		Total Loans and Leases Held for Investment
At December 31, 2023
Commercial, financial and agricultural	$	1,355	$	348	$	285	$	1,988	$	985,469	$	987,457	$	2,266	$	989,723
Real estate—commercial real estate and construction:
Commercial real estate	1,763		1,072		—		2,835		3,294,254		3,297,089		5,709		3,302,798
Construction	10,022		45		—		10,067		378,328		388,395		6,067		394,462
Real estate—residential and home equity:
Residential secured for business purpose	930		643		—		1,573		514,339		515,912		1,090		517,002
Residential secured for personal purpose	6,464		76		—		6,540		898,262		904,802		4,213		909,015
Home equity secured for personal purpose	721		144		—		865		177,301		178,166		1,116		179,282
Loans to individuals	191		84		37		312		27,437		27,749		—		27,749
Lease financings	987		374		212		1,573		245,552		247,125		58		247,183
Total	$	22,433	$	2,786	$	534	$	25,753	$	6,520,942	$	6,546,695	$	20,519	$	6,567,214

Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at September 30, 2024 and December 31, 2023.

	At September 30, 2024						At December 31, 2023
(Dollars in thousands)	Nonaccrual Loans and Leases		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases		Nonaccrual Loans and Leases		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases
Loans held for sale	$	—	$	—	$	—	$	8	$	—	$	8
Loans and leases held for investment:
Commercial, financial and agricultural	$	2,703	$	—	$	2,703	$	2,266	$	285	$	2,551
Real estate—commercial real estate and construction:
Commercial real estate	3,680		—		3,680		5,709		—		5,709
Construction	2,799		—		2,799		6,067		—		6,067
Real estate—residential and home equity:
Residential secured for business purpose	630		—		630		1,090		—		1,090
Residential secured for personal purpose	3,985		—		3,985		4,213		—		4,213
Home equity secured for personal purpose	1,003		—		1,003		1,116		—		1,116
Loans to individuals	15		28		43		—		37		37
Lease financings	504		282		786		58		212		270
Total	$	15,319	$	310	$	15,629	$	20,527	$	534	$	21,061

The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of September 30, 2024 and December 31, 2023.

(Dollars in thousands)	Nonaccrual With No Allowance for Credit Losses		Nonaccrual With Allowance for Credit Losses		Total Nonaccrual		Loans and Leases 90 Days or more Past Due and Accruing Interest
At September 30, 2024
Commercial, financial and agricultural	$	297	$	2,406	$	2,703	$	—
Real estate-commercial	2,835		845		3,680		—
Real estate-construction	2,799		—		2,799		—
Real estate-residential secured for business purpose	630		—		630		—
Real estate-residential secured for personal purpose	3,985		—		3,985		—
Real estate-home equity secured for personal purpose	1,003		—		1,003		—
Loans to individuals	15		—		15		28
Lease financings	—		504		504		282
Total	$	11,564	$	3,755	$	15,319	$	310
At December 31, 2023
Commercial, financial and agricultural	$	332	$	1,934	$	2,266	$	285
Real estate-commercial	5,687		22		5,709		—
Real estate-construction	2,931		3,136		6,067		—
Real estate-residential secured for business purpose	1,090		—		1,090		—
Real estate-residential secured for personal purpose	4,213		—		4,213		—
Real estate-home equity secured for personal purpose	1,116		—		1,116		—
Loans to individuals	—		—		—		37
Lease financings	—		58		58		212
Total	$	15,369	$	5,150	$	20,519	$	534

For the nine months ended September 30, 2024, $101 thousand of interest income was recognized on nonaccrual loans and leases.

The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of September 30, 2024 and December 31, 2023.

(Dollars in thousands)	Real Estate		Other (1)		None (2)		Total
At September 30, 2024
Commercial, financial and agricultural	$	1,591	$	617	$	495	$	2,703
Real estate-commercial	3,654		8		18		3,680
Real estate-construction	2,799		—		—		2,799
Real estate-residential secured for business purpose	630		—		—		630
Real estate-residential secured for personal purpose	3,985		—		—		3,985
Real estate-home equity secured for personal purpose	1,003		—		—		1,003
Loans to individuals	—		—		15		15
Lease financings	—		504		—		504
Total	$	13,662	$	1,129	$	528	$	15,319
(Dollars in thousands)	Real Estate		Other (1)		None		Total
At December 31, 2023
Commercial, financial and agricultural	$	2,236	$	30	$	—	$	2,266
Real estate-commercial	5,709		—		—		5,709
Real estate-construction	6,067		—		—		6,067
Real estate-residential secured for business purpose	1,090		—		—		1,090
Real estate-residential secured for personal purpose	4,213		—		—		4,213
Real estate-home equity secured for personal purpose	1,116		—		—		1,116
Lease financings	—		58		—		58
Total	$	20,431	$	88	$	—	$	20,519

(1) Collateral consists of business assets, including accounts receivable, personal property and equipment.

(2) Loans fully guaranteed or fully reserved given lack of collateral.

Credit Quality Indicators

The Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with a relationship balance of less than $1 million are reviewed when necessary based on their performance, primarily when such loans are delinquent. Commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans with relationships greater than $1 million are reviewed at least annually. Loan relationships with a higher risk profile or classified as special mention or substandard are reviewed at least quarterly. The Corporation reviews credit quality key risk indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2023. The following is a description of the internal risk ratings and the likelihood of loss related to the credit quality of commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans.

1.Pass—Loans considered satisfactory with no indications of deterioration

2.Special Mention—Potential weakness that deserves management's close attention

3.Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt

4.Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable

Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at September 30, 2024 and December 31, 2023.

	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
At September 30, 2024
Commercial, Financial and Agricultural
Risk Rating
1. Pass	$	135,459	$	93,186	$	90,971	$	118,956	$	18,160	$	46,760	$	473,047	$	415	$	976,954
2. Special Mention	3,748		695		12,097		115		459		—		15,864		—		32,978
3. Substandard	—		—		1,922		7,135		—		6,495		18,559		—		34,111
Total	$	139,207	$	93,881	$	104,990	$	126,206	$	18,619	$	53,255	$	507,470	$	415	$	1,044,043
Current period gross charge-offs	$	64	$	—	$	—	$	70	$	—	$	—	$	1,887	$	—	$	2,021
Real Estate-Commercial
Risk Rating
1. Pass	$	345,128	$	449,928	$	876,697	$	591,966	$	557,715	$	524,602	$	68,857	$	—	$	3,414,893
2. Special Mention	—		—		—		—		1,684		9,208		—		—		10,892
3. Substandard	—		3,360		4,565		4,049		8		1,371		2,945		—		16,298
Total	$	345,128	$	453,288	$	881,262	$	596,015	$	559,407	$	535,181	$	71,802	$	—	$	3,442,083
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	35	$	—	$	—	$	35
Real Estate-Construction
Risk Rating
1. Pass	$	50,947	$	110,331	$	82,815	$	4,154	$	1,706	$	1,929	$	22,557	$	—	$	274,439
2. Special Mention	—		1,079		—		—		—		—		—		—		1,079
3. Substandard	251		—		3,838		2,649		2,403		—		957		—		10,098
Total	$	51,198	$	111,410	$	86,653	$	6,803	$	4,109	$	1,929	$	23,514	$	—	$	285,616
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	500	$	—	$	500
Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass	$	72,383	$	95,082	$	141,285	$	107,521	$	51,058	$	31,183	$	31,532	$	—	$	530,044
2. Special Mention	—		—		—		—		—		—		—		—		—
3. Substandard	—		—		—		—		586		44		—		—		630
Total	$	72,383	$	95,082	$	141,285	$	107,521	$	51,644	$	31,227	$	31,532	$	—	$	530,674
Totals By Risk Rating
1. Pass	$	603,917	$	748,527	$	1,191,768	$	822,597	$	628,639	$	604,474	$	595,993	$	415	$	5,196,330
2. Special Mention	3,748		1,774		12,097		115		2,143		9,208		15,864		—		44,949
3. Substandard	251		3,360		10,325		13,833		2,997		7,910		22,461		—		61,137
Total	$	607,916	$	753,661	$	1,214,190	$	836,545	$	633,779	$	621,592	$	634,318	$	415	$	5,302,416
Total current period gross charge-offs	$	64	$	—	$	—	$	70	$	—	$	35	$	2,387	$	—	$	2,556

	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
At December 31, 2023
Commercial, Financial and Agricultural
Risk Rating
1. Pass	$	130,755	$	121,402	$	135,550	$	26,745	$	19,029	$	40,973	$	455,076	$	653	$	930,183
2. Special Mention	—		13,454		—		—		6,029		—		15,251		—		34,734
3. Substandard	—		2,195		8,206		—		216		—		14,189		—		24,806
Total	$	130,755	$	137,051	$	143,756	$	26,745	$	25,274	$	40,973	$	484,516	$	653	$	989,723
Real Estate-Commercial
Risk Rating
1. Pass	$	480,527	$	841,529	$	642,133	$	604,700	$	329,443	$	296,802	$	74,947	$	—	$	3,270,081
2. Special Mention	1,238		227		3,132		5,821		—		10,416		—		—		20,834
3. Substandard	1,324		2,732		2,768		—		226		1,911		2,922		—		11,883
Total	$	483,089	$	844,488	$	648,033	$	610,521	$	329,669	$	309,129	$	77,869	$	—	$	3,302,798
Real Estate-Construction
Risk Rating
1. Pass	$	112,127	$	218,637	$	4,139	$	2,600	$	241	$	2,211	$	14,440	$	—	$	354,395
2. Special Mention	—		7,655		—		—		4,045		5,265		10,908		—		27,873
3. Substandard	2,400		1,574		2,932		—		—		—		5,288		—		12,194
Total	$	114,527	$	227,866	$	7,071	$	2,600	$	4,286	$	7,476	$	30,636	$	—	$	394,462
Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass	$	104,904	$	151,680	$	120,035	$	60,360	$	38,006	$	11,631	$	29,295	$	—	$	515,911
2. Special Mention	—		—		—		—		—		—		—		—		—
3. Substandard	—		162		—		620		—		309		—		—		1,091
Total	$	104,904	$	151,842	$	120,035	$	60,980	$	38,006	$	11,940	$	29,295	$	—	$	517,002
Totals By Risk Rating
1. Pass	$	828,313	$	1,333,248	$	901,857	$	694,405	$	386,719	$	351,617	$	573,758	$	653	$	5,070,570
2. Special Mention	1,238		21,336		3,132		5,821		10,074		15,681		26,159		—		83,441
3. Substandard	3,724		6,663		13,906		620		442		2,220		22,399		—		49,974
Total	$	833,275	$	1,361,247	$	918,895	$	700,846	$	397,235	$	369,518	$	622,316	$	653	$	5,203,985

The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at September 30, 2024 or December 31, 2023.

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2023. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due.

Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at September 30, 2024 and December 31, 2023.

	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
At September 30, 2024
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing	$	15,359	$	181,305	$	356,799	$	198,409	$	123,725	$	89,980	$	—	$	965,577
2. Nonperforming	—		—		144		38		2,839		964		—		3,985
Total	$	15,359	$	181,305	$	356,943	$	198,447	$	126,564	$	90,944	$	—	$	969,562
Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing	$	267	$	364	$	2,359	$	417	$	346	$	1,390	$	176,755	$	181,898
2. Nonperforming	—		—		—		—		—		—		1,003		1,003
Total	$	267	$	364	$	2,359	$	417	$	346	$	1,390	$	177,758	$	182,901
Loans to Individuals
Payment Performance
1. Performing	$	1,952	$	1,084	$	560	$	345	$	40	$	638	$	22,132	$	26,751
2. Nonperforming	—		—		14		—		—		29		—		43
Total	$	1,952	$	1,084	$	574	$	345	$	40	$	667	$	22,132	$	26,794
Current period gross charge-offs	$	153	$	102	$	31	$	3	$	—	$	88	$	353	$	730
Lease Financings
Payment Performance
1. Performing	$	68,208	$	89,367	$	52,820	$	27,077	$	8,621	$	2,182	$	—	$	248,275
2. Nonperforming	145		246		16		358		—		21		—		786
Total	$	68,353	$	89,613	$	52,836	$	27,435	$	8,621	$	2,203	$	—	$	249,061
Current period gross charge-offs	$	—	$	92	$	119	$	203	$	14	$	7	$	—	$	435
Totals by Payment Performance
1. Performing	$	85,786	$	272,120	$	412,538	$	226,248	$	132,732	$	94,190	$	198,887	$	1,422,501
2. Nonperforming	145		246		174		396		2,839		1,014		1,003		5,817
Total	$	85,931	$	272,366	$	412,712	$	226,644	$	135,571	$	95,204	$	199,890	$	1,428,318
Total current period gross charge-offs	$	153	$	194	$	150	$	206	$	14	$	95	$	353	$	1,165

	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
At December 31, 2023
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing	$	139,765	$	328,383	$	206,285	$	128,157	$	22,798	$	79,296	$	118	$	904,802
2. Nonperforming	—		153		43		2,749		—		1,268		—		4,213
Total	$	139,765	$	328,536	$	206,328	$	130,906	$	22,798	$	80,564	$	118	$	909,015
Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing	$	511	$	2,567	$	510	$	409	$	165	$	1,463	$	172,541	$	178,166
2. Nonperforming	—		—		—		—		—		—		1,116		1,116
Total	$	511	$	2,567	$	510	$	409	$	165	$	1,463	$	173,657	$	179,282
Loans to Individuals
Payment Performance
1. Performing	$	1,831	$	894	$	530	$	107	$	48	$	1,004	$	23,298	$	27,712
2. Nonperforming	—		—		—		—		—		37		—		37
Total	$	1,831	$	894	$	530	$	107	$	48	$	1,041	$	23,298	$	27,749
Lease Financings
Payment Performance
1. Performing	$	110,832	$	70,070	$	41,392	$	17,874	$	5,681	$	1,064	$	—	$	246,913
2. Nonperforming	11		104		88		19		36		12		—		270
Total	$	110,843	$	70,174	$	41,480	$	17,893	$	5,717	$	1,076	$	—	$	247,183
Totals by Payment Performance
1. Performing	$	252,939	$	401,914	$	248,717	$	146,547	$	28,692	$	82,827	$	195,957	$	1,357,593
2. Nonperforming	11		257		131		2,768		36		1,317		1,116		5,636
Total	$	252,950	$	402,171	$	248,848	$	149,315	$	28,728	$	84,144	$	197,073	$	1,363,229

The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at September 30, 2024 or December 31, 2023.

Allowance for Credit Losses on Loans and Leases and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three and nine months ended September 30, 2024 and 2023. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the nine months ended September 30, 2024.

(Dollars in thousands)	Beginning balance		Provision (reversal of provision) for credit losses		Charge-offs		Recoveries		Ending balance
Three Months Ended September 30, 2024
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	14,545	$	544	$	(508)	$	108	$	14,689
Real estate-commercial	45,978		688		(35)		3		46,634
Real estate-construction	6,153		(611)		—		—		5,542
Real estate-residential secured for business purpose	7,739		(89)		—		—		7,650
Real estate-residential secured for personal purpose	6,606		287		—		—		6,893
Real estate-home equity secured for personal purpose	1,688		7		—		—		1,695
Loans to individuals	348		304		(324)		12		340
Lease financings	2,688		(14)		(83)		7		2,598
Total	$	85,745	$	1,116	$	(950)	$	130	$	86,041
Three Months Ended September 30, 2023
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	13,871	$	979	$	(744)	$	30	$	14,136
Real estate-commercial	44,757		519		—		3		45,279
Real estate-construction	5,433		298		—		1		5,732
Real estate-residential secured for business purpose	8,696		(44)		—		4		8,656
Real estate-residential secured for personal purpose	5,588		254		—		—		5,842
Real estate-home equity secured for personal purpose	1,296		(38)		—		33		1,291
Loans to individuals	560		(61)		(124)		12		387
Lease financings	2,508		190		(189)		5		2,514
Total	$	82,709	$	2,097	$	(1,057)	$	88	$	83,837

(Dollars in thousands)	Beginning balance		Provision (reversal of provision) for credit losses		Charge-offs		Recoveries		Ending balance
Nine Months Ended September 30, 2024
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	13,699	$	2,807	$	(2,021)	$	204	$	14,689
Real estate-commercial	45,849		810		(35)		10		46,634
Real estate-construction	6,543		(501)		(500)		—		5,542
Real estate-residential secured for business purpose	8,692		(1,277)		—		235		7,650
Real estate-residential secured for personal purpose	6,349		410		—		134		6,893
Real estate-home equity secured for personal purpose	1,289		406		—		—		1,695
Loans to individuals	392		609		(730)		69		340
Lease financings	2,574		425		(435)		34		2,598
Total	$	85,387	$	3,689	$	(3,721)	$	686	$	86,041
Nine Months Ended September 30, 2023
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	16,920	$	937	$	(3,891)	$	170	$	14,136
Real estate-commercial	41,673		3,647		(50)		9		45,279
Real estate-construction	4,952		986		(207)		1		5,732
Real estate-residential secured for business purpose	7,054		1,417		—		185		8,656
Real estate-residential secured for personal purpose	3,685		2,157		—		—		5,842
Real estate-home equity secured for personal purpose	1,287		6		(85)		83		1,291
Loans to individuals	351		314		(340)		62		387
Lease financings	3,082		(308)		(314)		54		2,514
Total	$	79,004	$	9,156	$	(4,887)	$	564	$	83,837

The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at September 30, 2024 and 2023:

	Allowance for credit losses, loans and leases						Loans and leases held for investment
(Dollars in thousands)	Ending balance: individually analyzed		Ending balance: pooled		Total ending balance		Ending balance: individually analyzed		Ending balance: pooled		Total ending balance
At September 30, 2024
Commercial, financial and agricultural	$	1,010	$	13,679	$	14,689	$	2,703	$	1,041,340	$	1,044,043
Real estate-commercial	23		46,611		46,634		3,680		3,438,403		3,442,083
Real estate-construction	—		5,542		5,542		2,799		282,817		285,616
Real estate-residential secured for business purpose	—		7,650		7,650		630		530,044		530,674
Real estate-residential secured for personal purpose	—		6,893		6,893		3,985		965,577		969,562
Real estate-home equity secured for personal purpose	—		1,695		1,695		1,003		181,898		182,901
Loans to individuals	—		340		340		15		26,779		26,794
Lease financings	—		2,598		2,598		—		249,061		249,061
Total	$	1,033	$	85,008	$	86,041	$	14,815	$	6,715,919	$	6,730,734
At September 30, 2023
Commercial, financial and agricultural	$	814	$	13,322	$	14,136	$	1,754	$	1,048,250	$	1,050,004
Real estate-commercial	20		45,259		45,279		4,863		3,270,277		3,275,140
Real estate-construction	—		5,732		5,732		—		427,561		427,561
Real estate-residential secured for business purpose	—		8,656		8,656		936		515,535		516,471
Real estate-residential secured for personal purpose	—		5,842		5,842		4,246		856,876		861,122
Real estate-home equity secured for personal purpose	—		1,291		1,291		753		176,102		176,855
Loans to individuals	—		387		387		—		27,331		27,331
Lease financings	—		2,514		2,514		—		240,474		240,474
Total	$	834	$	83,003	$	83,837	$	12,552	$	6,562,406	$	6,574,958

Modified Loans to Borrowers Experiencing Financial Difficulty

The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the nine months ended September 30, 2024 and 2023. There were no modified loans to borrowers experiencing financial difficulty during the three months ended September 30, 2024.

	Term Extension
	Nine Months Ended September 30, 2024							Nine Months Ended September 30, 2023
(Dollars in thousands)	Number of Loans	Amortized Cost Basis*		% of Total Class of Financing Receivable		Related Reserve		Number of Loans	Amortized Cost Basis*		% of Total Class of Financing Receivable		Related Reserve
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural	1	$	4,925	0.47	%	$	23	—	$	—	—	%	$	—
Real estate—commercial	2	3,212		0.09		1		1	1,948		0.06		—
Total	3	$	8,137			$	24	1	$	1,948			$	—
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial	—	—		—		—		1	$	1,741	0.05	%	$	—
Real estate—construction	2	2,799		0.98		—		—	—		—		—
Total	2	$	2,799			$	—	1	$	1,741			$	—

	Other-Than-Insignificant Payment Delay
	Nine Months Ended September 30, 2024							Nine Months Ended September 30, 2023
(Dollars in thousands)	Number of Loans	Amortized Cost Basis*		% of Total Class of Financing Receivable		Related Reserve		Number of Loans	Amortized Cost Basis*		% of Total Class of Financing Receivable		Related Reserve
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural	2	$	7,167	0.69	%	$	32	—	$	—	—	%	$	—
Total	2	$	7,167			$	32	—	$	—			$	—
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Total	—	$	—			$	—	—	$	—			$	—

*Amortized cost excludes $91 thousand and $15 thousand of accrued interest receivable on modified loans for the nine months ended September 30, 2024 and September 30, 2023, respectively.

The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the nine months ended September 30, 2024 and 2023. There were no modified loans to borrowers experiencing financial difficulty during the three months ended September 30, 2024.

	Term Extension		Other-Than-Insignificant Payment Delay
(Dollars in thousands)	No. of Loans	Financial Effect	No. of Loans	Financial Effect
Nine Months Ended September 30, 2024
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural	1	Added 10 months to the life of the loan, which reduced monthly payment amount for the borrower.	2	Provided 3-month payment deferrals to assist borrowers.
Real estate—commercial	2	Added a weighted-average 8 months to the life of the loans, which reduced monthly payment amounts for the borrowers.	—
Total	3		2
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction	2	Added a weighted-average 8 months to the life of the loans, which reduced monthly payment amounts for the borrowers.	—
Total	2		—
Nine Months Ended September 30, 2023
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial	1	Added 5 months to the life of the loan, which reduced monthly payment amount for the borrower.	—
Total	1		—
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial	1	Added 16 months to the life of the loan, which reduced monthly payment amount for the borrower.	—
Total	1		—

The following presents, by class of loans, the amortized cost of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that had a payment default subsequent to modification during the three and nine months ended September 30, 2024 and 2023 and were modified in the 12 months prior to that default.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
	Term Extension						Term Extension
(Dollars in thousands)	Number of Loans	Amortized Cost Basis		Number of Loans	Amortized Cost Basis		Number of Loans	Amortized Cost Basis		Number of Loans	Amortized Cost Basis
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial	1	$	1,900	—	—		1	$	1,900	—	—
Total	1	$	1,900	—	$	—	1	$	1,900	—	$	—
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Total	—	$	—	—	$	—	—	$	—	—	$	—

The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months.

	At September 30, 2024
(Dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Total
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural	$	12,092	$	—	$	—	$	12,092
Real estate—commercial	6,158		1,900		—		8,058
Total	$	18,250	$	1,900	$	—	$	20,150
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction	$	2,799	$	—	$	—	$	2,799
Total	$	2,799	$	—	$	—	$	2,799

As of September 30, 2024, the Bank had $971 thousand in commitments to extend credit to borrowers experiencing financial difficulty whose terms had been modified.

The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at September 30, 2024 or December 31, 2023.

(Dollars in thousands)	At September 30, 2024		At December 31, 2023
Real estate-residential secured for personal purpose	$	3,176	$	5,147
Real estate-home equity secured for personal purpose	45		—
Total	$	3,221	$	5,147

The following presents foreclosed residential real estate property included in other real estate owned at September 30, 2024 or December 31, 2023.

(Dollars in thousands)	At September 30, 2024		At December 31, 2023
Foreclosed residential real estate	$	234	$	79

Lease Financings

The following presents the schedule of minimum lease payments receivable:

(Dollars in thousands)	At September 30, 2024		At December 31, 2023
2024 (excluding the nine months ended September 30, 2024)	$	25,254	$	87,101
2025	88,976		74,002
2026	72,203		56,525
2027	51,904		36,944
2028	28,418		14,945
Thereafter	9,918		3,506
Total future minimum lease payments receivable	276,673		273,023
Plus: Unguaranteed residual	1,505		1,242
Plus: Initial direct costs	3,220		3,403
Less: Imputed interest	(32,337)		(30,485)
Lease financings	$	249,061	$	247,183