XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.1
Loans and Leases
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loans and Leases Loans and Leases
Summary of Major Loan and Lease Categories

(Dollars in thousands)At March 31, 2025At December 31, 2024
Commercial, financial and agricultural$1,034,361 $1,037,835 
Real estate-commercial3,546,402 3,530,451 
Real estate-construction281,785 274,483 
Real estate-residential secured for business purpose536,082 536,095 
Real estate-residential secured for personal purpose992,767 994,972 
Real estate-home equity secured for personal purpose189,119 186,836 
Loans to individuals16,930 21,250 
Lease financings235,591 244,661 
Total loans and leases held for investment, net of deferred income$6,833,037 $6,826,583 
Less: Allowance for credit losses, loans and leases(87,790)(87,091)
Net loans and leases held for investment$6,745,247 $6,739,492 
Imputed interest on lease financings, included in the above table$(30,318)$(31,927)
Net deferred costs, included in the above table6,839 6,992 
Overdraft deposits included in the above table81 104 
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 March 31, 2025 and December 31, 2024:
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		CurrentTotal Accruing Loans and LeasesNonaccrual Loans and LeasesTotal Loans
and Leases
Held for
Investment
At March 31, 2025
Commercial, financial and agricultural$2,588 $1,321 $— $3,909 $1,026,208 $1,030,117 $4,244 $1,034,361 
Real estate—commercial real estate and construction:
Commercial real estate11,424 — — 11,424 3,531,452 3,542,876 3,526 3,546,402 
Construction715 — — 715 281,070 281,785 — 281,785 
Real estate—residential and home equity:
Residential secured for business purpose825 263 — 1,088 534,545 535,633 449 536,082 
Residential secured for personal purpose4,409 — — 4,409 987,126 991,535 1,232 992,767 
Home equity secured for personal purpose873 863 — 1,736 186,295 188,031 1,088 189,119 
Loans to individuals214 96 10 320 16,610 16,930 — 16,930 
Lease financings1,018 559 312 1,889 233,115 235,004 587 235,591 
Total$22,066 $3,102 $322 $25,490 $6,796,421 $6,821,911 $11,126 $6,833,037 
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		CurrentTotal Accruing Loans and LeasesNonaccrual Loans and LeasesTotal Loans
and Leases
Held for
Investment
At December 31, 2024
Commercial, financial and agricultural$1,750 $723 $— $2,473 $1,031,567 $1,034,040 $3,795 $1,037,835 
Real estate—commercial real estate and construction:
Commercial real estate415 2,919 — 3,334 3,524,438 3,527,772 2,679 3,530,451 
Construction3,659 — — 3,659 270,824 274,483 — 274,483 
Real estate—residential and home equity:
Residential secured for business purpose1,077 — — 1,077 534,432 535,509 586 536,095 
Residential secured for personal purpose3,040 — — 3,040 988,127 991,167 3,805 994,972 
Home equity secured for personal purpose1,063 309 — 1,372 184,273 185,645 1,191 186,836 
Loans to individuals187 59 24 270 20,980 21,250 — 21,250 
Lease financings1,026 502 297 1,825 242,225 244,050 611 244,661 
Total$12,217 $4,512 $321 $17,050 $6,796,866 $6,813,916 $12,667 $6,826,583 
Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at March 31, 2025 and December 31, 2024.
 At March 31, 2025At December 31, 2024
(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 and leases held for investment:
Commercial, financial and agricultural$4,244 $— $4,244 $3,795 $— $3,795 
Real estate—commercial real estate and construction:
Commercial real estate3,526 — 3,526 2,679 — 2,679 
Real estate—residential and home equity:
Residential secured for business purpose449 — 449 586 — 586 
Residential secured for personal purpose1,232 — 1,232 3,805 — 3,805 
Home equity secured for personal purpose1,088 — 1,088 1,191 — 1,191 
Loans to individuals— 10 10 — 24 24 
Lease financings587 312 899 611 297 908 
Total$11,126 $322 $11,448 $12,667 $321 $12,988 

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 March 31, 2025 and December 31, 2024.
(Dollars in thousands)Nonaccrual With No Allowance for Credit LossesNonaccrual With Allowance for Credit LossesTotal NonaccrualLoans and Leases 90 Days or more Past Due and Accruing Interest
At March 31, 2025
Commercial, financial and agricultural$154 $4,090 $4,244 $— 
Real estate-commercial2,334 1,192 3,526 — 
Real estate-residential secured for business purpose449 — 449 — 
Real estate-residential secured for personal purpose1,232 — 1,232 — 
Real estate-home equity secured for personal purpose1,088 — 1,088 — 
Loans to individuals— — — 10 
Lease financings— 587 587 312 
Total$5,257 $5,869 $11,126 $322 
At December 31, 2024
Commercial, financial and agricultural$187 $3,608 $3,795 $— 
Real estate-commercial1,834 845 2,679 — 
Real estate-residential secured for business purpose586 — 586 — 
Real estate-residential secured for personal purpose3,805 — 3,805 — 
Real estate-home equity secured for personal purpose1,191 — 1,191 — 
Loans to individuals— — — 24 
Lease financings— 611 611 297 
Total$7,603 $5,064 $12,667 $321 

For the three months ended March 31, 2025, $1 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 March 31, 2025 and December 31, 2024.

(Dollars in thousands)Real Estate
Other (1)
None (2)
Total
At March 31, 2025
Commercial, financial and agricultural$1,639 $2,174 $431 $4,244 
Real estate-commercial3,526 — — 3,526 
Real estate-residential secured for business purpose449 — — 449 
Real estate-residential secured for personal purpose1,232 — — 1,232 
Real estate-home equity secured for personal purpose1,088 — — 1,088 
Lease financings— 556 31 587 
Total$7,934 $2,730 $462 $11,126 
(Dollars in thousands)Real Estate
Other (1)
None (2)
Total
At December 31, 2024
Commercial, financial and agricultural$1,521 $1,843 $431 $3,795 
Real estate-commercial2,661 — 18 2,679 
Real estate-residential secured for business purpose586 — — 586 
Real estate-residential secured for personal purpose3,805 — — 3,805 
Real estate-home equity secured for personal purpose1,191 — — 1,191 
Lease financings— 611 — 611 
Total$9,764 $2,454 $449 $12,667 
(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, 2024. 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 March 31, 2025 and December 31, 2024.
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
At March 31, 2025
Commercial, Financial and Agricultural
Risk Rating
1. Pass$58,418 $170,492 $70,261 $56,954 $85,895 $55,306 $435,037 $748 $933,111 
2. Special Mention122 1,918 6,194 23,187 — — 22,791 — 54,212 
3. Substandard498 3,493 118 1,845 6,264 5,722 29,098 — 47,038 
Total$59,038 $175,903 $76,573 $81,986 $92,159 $61,028 $486,926 $748 $1,034,361 
Current period gross charge-offs$4 $— $210 $— $— $585 $758 $— $1,557 
Real Estate-Commercial
Risk Rating
1. Pass$168,587 $460,453 $429,059 $883,449 $558,256 $925,266 $78,567 $— $3,503,637 
2. Special Mention7,634 — 419 — 13,891 3,905 2,970 — 28,819 
3. Substandard— — — 3,009 827 10,110 — — 13,946 
Total$176,221 $460,453 $429,478 $886,458 $572,974 $939,281 $81,537 $— $3,546,402 
Current period gross charge-offs$— $— $— $20 $— $— $— $— $20 
Real Estate-Construction
Risk Rating
1. Pass$40,005 $101,656 $62,125 $48,017 $3,150 $3,567 $13,501 $— $272,021 
2. Special Mention— — — — — — — — — 
3. Substandard246 — — 4,648 — — 4,870 — 9,764 
Total$40,251 $101,656 $62,125 $52,665 $3,150 $3,567 $18,371 $— $281,785 
Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass$29,033 $87,476 $88,599 $129,976 $102,178 $60,599 $30,881 $— $528,742 
2. Special Mention— 74 1,978 1,290 678 242 2,392 — 6,654 
3. Substandard— — 237 — — 449 — — 686 
Total$29,033 $87,550 $90,814 $131,266 $102,856 $61,290 $33,273 $— $536,082 
Totals By Risk Rating
1. Pass$296,043 $820,077 $650,044 $1,118,396 $749,479 $1,044,738 $557,986 $748 $5,237,511 
2. Special Mention7,756 1,992 8,591 24,477 14,569 4,147 28,153 — 89,685 
3. Substandard744 3,493 355 9,502 7,091 16,281 33,968 — 71,434 
Total$304,543 $825,562 $658,990 $1,152,375 $771,139 $1,065,166 $620,107 $748 $5,398,630 
Total current period gross charge-offs$4 $— $210 $20 $— $585 $758 $— $1,577 
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
At December 31, 2024
Commercial, Financial and Agricultural
Risk Rating
1. Pass$232,925 $73,453 $68,205 $95,135 $16,403 $44,329 $411,413 $871 $942,734 
2. Special Mention3,622 6,489 24,423 166 5 — 27,106 — 61,811 
3. Substandard— 500 1,975 6,623 — 6,401 17,791 — 33,290 
Total$236,547 $80,442 $94,603 $101,924 $16,408 $50,730 $456,310 $871 $1,037,835 
Real Estate-Commercial
Risk Rating
1. Pass$506,644 $441,802 $882,071 $581,693 $538,539 $471,734 $81,145 $— $3,503,628 
2. Special Mention1,763 — 716 — 3,028 12,213 — — 17,720 
3. Substandard— — 2,662 827 1,402 1,317 2,895 — 9,103 
Total$508,407 $441,802 $885,449 $582,520 $542,969 $485,264 $84,040 $— $3,530,451 
Real Estate-Construction
Risk Rating
1. Pass$109,627 $71,770 $58,072 $4,226 $1,700 $1,899 $19,636 $— $266,930 
2. Special Mention— — — — — — — — — 
3. Substandard248 — 4,095 — 2,403 — 807 — 7,553 
Total$109,875 $71,770 $62,167 $4,226 $4,103 $1,899 $20,443 $— $274,483 
Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass$93,976 $95,743 $137,406 $104,156 $48,495 $21,937 $31,922 $— $533,635 
2. Special Mention547 239 — 683 405 — — — 1,874 
3. Substandard— — — — 548 38 — — 586 
Total$94,523 $95,982 $137,406 $104,839 $49,448 $21,975 $31,922 $— $536,095 
Totals By Risk Rating
1. Pass$943,172 $682,768 $1,145,754 $785,210 $605,137 $539,899 $544,116 $871 $5,246,927 
2. Special Mention5,932 6,728 25,139 849 3,438 12,213 27,106 — 81,405 
3. Substandard248 500 8,732 7,450 4,353 7,756 21,493 — 50,532 
Total$949,352 $689,996 $1,179,625 $793,509 $612,928 $559,868 $592,715 $871 $5,378,864 

The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2025 or December 31, 2024.

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, 2024. 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 March 31, 2025 and December 31, 2024.
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
At March 31, 2025
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing$5,078 $27,025 $206,554 $353,428 $193,194 $206,256 $— $991,535 
2. Nonperforming— — — 140 37 1,055 — 1,232 
Total$5,078 $27,025 $206,554 $353,568 $193,231 $207,311 $— $992,767 
Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing$176 $243 $339 $2,164 $378 $1,424 $183,307 $188,031 
2. Nonperforming— — — 20 — — 1,068 1,088 
Total$176 $243 $339 $2,184 $378 $1,424 $184,375 $189,119 
Loans to Individuals
Payment Performance
1. Performing$551 $1,929 $823 $364 $263 $601 $12,389 $16,920 
2. Nonperforming— — — — — 10 — 10 
Total$551 $1,929 $823 $364 $263 $611 $12,389 $16,930 
Current period gross charge-offs$28 $4 $17 $9 $— $— $107 $165 
Lease Financings
Payment Performance
1. Performing$14,942 $78,381 $75,758 $41,661 $18,545 $5,405 $— $234,692 
2. Nonperforming— 232 191 306 128 42 — 899 
Total$14,942 $78,613 $75,949 $41,967 $18,673 $5,447 $— $235,591 
Current period gross charge-offs$— $— $74 $163 $15 $37 $— $289 
Totals by Payment Performance
1. Performing$20,747 $107,578 $283,474 $397,617 $212,380 $213,686 $195,696 $1,431,178 
2. Nonperforming— 232 191 466 165 1,107 1,068 3,229 
Total$20,747 $107,810 $283,665 $398,083 $212,545 $214,793 $196,764 $1,434,407 
Total current period gross charge-offs$28 $4 $91 $172 $15 $37 $107 $454 
Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
At December 31, 2024
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing$25,908 $203,136 $356,506 $195,727 $121,743 $88,147 $— $991,167 
2. Nonperforming— — 142 37 2,836 790 — 3,805 
Total$25,908 $203,136 $356,648 $195,764 $124,579 $88,937 $— $994,972 
Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing$354 $352 $2,260 $402 $326 $1,201 $180,750 $185,645 
2. Nonperforming— — 21 — — — 1,170 1,191 
Total$354 $352 $2,281 $402 $326 $1,201 $181,920 $186,836 
Loans to Individuals
Payment Performance
1. Performing$2,008 $963 $459 $300 $19 $610 $16,867 $21,226 
2. Nonperforming— — — — — 24 — 24 
Total$2,008 $963 $459 $300 $19 $634 $16,867 $21,250 
Lease Financings
Payment Performance
1. Performing$83,360 $82,634 $46,986 $23,088 $5,989 $1,696 $— $243,753 
2. Nonperforming197 168 473 32 25 13 — 908 
Total$83,557 $82,802 $47,459 $23,120 $6,014 $1,709 $— $244,661 
Totals by Payment Performance
1. Performing$111,630 $287,085 $406,211 $219,517 $128,077 $91,654 $197,617 $1,441,791 
2. Nonperforming197 168 636 69 2,861 827 1,170 5,928 
Total$111,827 $287,253 $406,847 $219,586 $130,938 $92,481 $198,787 $1,447,719 

The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at March 31, 2025 or December 31, 2024.
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 months ended March 31, 2025 and 2024. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the three months ended March 31, 2025.
(Dollars in thousands)Beginning balanceProvision (reversal of provision) for credit lossesCharge-offsRecoveriesEnding balance
Three Months Ended March 31, 2025
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural$16,079 $2,679 $(1,557)$326 $17,527 
Real estate-commercial46,867 315 (20)4 47,166 
Real estate-construction4,924 (174)— — 4,750 
Real estate-residential secured for business purpose7,491 16 — — 7,507 
Real estate-residential secured for personal purpose7,222 (828)— — 6,394 
Real estate-home equity secured for personal purpose1,706 (140)— — 1,566 
Loans to individuals342 144 (165)7 328 
Lease financings2,460 373 (289)8 2,552 
Total$87,091 $2,385 $(2,031)$345 $87,790 
Three Months Ended March 31, 2024
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural$13,699 $815 $(593)$11 $13,932 
Real estate-commercial45,849 1 — 3 45,853 
Real estate-construction6,543 211 (500)— 6,254 
Real estate-residential secured for business purpose8,692 106 — 2 8,800 
Real estate-residential secured for personal purpose6,349 154 — 134 6,637 
Real estate-home equity secured for personal purpose1,289 (105)— — 1,184 
Loans to individuals392 235 (279)40 388 
Lease financings2,574 234 (230)6 2,584 
Total$85,387 $1,651 $(1,602)$196 $85,632 
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 March 31, 2025 and 2024:
Allowance for credit losses, loans and leasesLoans and leases held for investment
(Dollars in thousands)Ending balance: individually analyzedEnding balance: pooledTotal ending balanceEnding balance: individually analyzedEnding balance: pooledTotal ending balance
At March 31, 2025
Commercial, financial and agricultural$2,343 $15,184 $17,527 $4,244 $1,030,117 $1,034,361 
Real estate-commercial166 47,000 47,166 3,526 3,542,876 3,546,402 
Real estate-construction— 4,750 4,750 — 281,785 281,785 
Real estate-residential secured for business purpose— 7,507 7,507 449 535,633 536,082 
Real estate-residential secured for personal purpose— 6,394 6,394 1,232 991,535 992,767 
Real estate-home equity secured for personal purpose— 1,566 1,566 1,088 188,031 189,119 
Loans to individuals— 328 328 — 16,930 16,930 
Lease financings67 2,485 2,552 67 235,524 235,591 
Total$2,576 $85,214 $87,790 $10,606 $6,822,431 $6,833,037 
At March 31, 2024
Commercial, financial and agricultural$1,429 $12,503 $13,932 $3,376 $1,011,192 $1,014,568 
Real estate-commercial18 45,835 45,853 3,721 3,280,008 3,283,729 
Real estate-construction514 5,740 6,254 5,738 374,257 379,995 
Real estate-residential secured for business purpose— 8,800 8,800 1,719 522,477 524,196 
Real estate-residential secured for personal purpose— 6,637 6,637 3,846 918,566 922,412 
Real estate-home equity secured for personal purpose— 1,184 1,184 1,286 176,160 177,446 
Loans to individuals— 388 388 — 27,200 27,200 
Lease financings— 2,584 2,584 — 249,540 249,540 
Total$1,961 $83,671 $85,632 $19,686 $6,559,400 $6,579,086 
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 three months ended March 31, 2025 and 2024.
Term Extension
 Three Months Ended March 31, 2025Three Months Ended March 31, 2024
(Dollars in thousands)Number
of
Loans		Amortized Cost Basis*% of Total Class of Financing ReceivableRelated
Reserve		Number
of
Loans		Amortized Cost Basis*% of Total Class of Financing ReceivableRelated
Reserve
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural5 $15,238 1.47 %$23 — $— — %$— 
Real estate—commercial 2 3,185 0.09 — 1 1,323 0.04 2 
Real estate—construction2 4,726 1.68 12 1 1,831 0.48 6 
Total9 $23,149 $35 2 $3,154 $8 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction— $— — %$— 2 $5,739 1.51 %$514 
Total— $— $— 2 $5,739 $514 
*Amortized cost excludes $130 thousand and $24 thousand of accrued interest receivable on modified loans for the three months ended March 31, 2025 and March 31, 2024, 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 three months ended March 31, 2025 and 2024.
 Term Extension
(Dollars in thousands)No. of
Loans		Financial Effect
Three Months Ended March 31, 2025
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural5 
 Added a weighted-average 2 months to the life of the loans, which reduced monthly payment amounts for the borrowers.
Real estate—commercial2 
Added a weighted-average 3 months to the life of the loans, which reduced monthly payment amounts for the borrowers.
Real estate—construction2 
Added a weighted-average 5 months to the life of the loans, which reduced monthly payment amounts for the borrowers.
Total9 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Total— 
Three Months Ended March 31, 2024
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial1 
Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amounts for the borrower.
Real estate—construction1 
Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amounts for the borrower.
Total2 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction2 
Added a weighted-average 8 months to the life of the loans, which reduced monthly payment amounts for the borrowers.
Total2 

There were no accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults during the 12-month period preceding modification for the three months ended March 31, 2025 and 2024.
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 as of March 31, 2025 and 2024.
At March 31, 2025
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past DueTotal
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Commercial, financial and agricultural$15,238 $— $— $15,238 
Real estate—commercial5,024 — — 5,024 
Real estate—construction4,726 — — 4,726 
Total$24,988 $— $— $24,988 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Total$— $— $— $— 

At March 31, 2024
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past DueTotal
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial$6,178 $— $— $6,178 
Real estate—construction1,831 — — 1,831 
Total$8,009 $— $— $8,009 
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—construction$— $— 0$5,739 $5,739 
Total$— $— $5,739 $5,739 

As of March 31, 2025 and March 31, 2024, the Bank had $1.7 million and $61 thousand, respectively, 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 March 31, 2025 or December 31, 2024.
(Dollars in thousands)At March 31, 2025At December 31, 2024
Real estate-residential secured for personal purpose$637 $3,095 
Real estate-home equity secured for personal purpose— 125 
Total$637 $3,220 

The following presents foreclosed residential real estate property included in other real estate owned at March 31, 2025 or December 31, 2024.
(Dollars in thousands)At March 31, 2025At December 31, 2024
Foreclosed residential real estate$2,526 $234 
Lease Financings

The following presents the schedule of minimum lease payments receivable:
(Dollars in thousands)At March 31, 2025At December 31, 2024
2025 (excluding the three months ended March 31, 2025)$69,751 $91,125 
202679,525 76,977 
202759,373 56,881 
202835,631 32,899 
202914,327 12,101 
Thereafter2,896 1,964 
Total future minimum lease payments receivable261,503 271,947 
Plus: Unguaranteed residual1,425 1,485 
Plus: Initial direct costs2,981 3,156 
Less: Imputed interest(30,318)(31,927)
Lease financings$235,591 $244,661