Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Receivables [Abstract]

Schedule of Loans

Major categories of loans are summarized as follows (in thousands):

	December 31, 2020						December 31, 2019
	PCI		All Other				PCI		All Other
	Loans		Loans		Total		Loans		Loans		Total
Commercial real estate	$	16,123	$	996,853	$	1,012,976	$	15,255	$	890,051	$	905,306
Consumer real estate		10,258		433,672		443,930		6,541		410,941		417,482
Construction and land development		5,348		272,727		278,075		4,458		223,168		227,626
Commercial and industrial		308		634,138		634,446		407		336,668		337,075
Consumer and other		27		12,789		12,816		326		9,577		9,903
Total loans		32,064		2,350,179		2,382,243		26,987		1,870,405		1,897,392
Less: Allowance for loan losses		(309)		(18,037)		(18,346)		(156)		(10,087)		(10,243)
Loans, net	$	31,755	$	2,332,142	$	2,363,897	$	26,831	$	1,860,318	$	1,887,149

Schedule of Impaired and Performing Loans Receivable

The composition of loans by loan classification for impaired and performing loan status is summarized in the tables below (in thousands):

					Construction		Commercial
	Commercial		Consumer		and Land		and		Consumer
	Real Estate		Real Estate		Development		Industrial		and Other		Total
December 31, 2020:
Performing loans	$	992,982	$	432,356	$	272,727	$	633,992	$	12,789	$	2,344,846
Impaired loans		3,871		1,316		—		146		—		5,333
		996,853		433,672		272,727		634,138		12,789		2,350,179
PCI loans		16,123		10,258		5,348		308		27		32,064
Total loans	$	1,012,976	$	443,930	$	278,075	$	634,446	$	12,816	$	2,382,243
December 31, 2019:
Performing loans	$	889,795	$	409,394	$	222,621	$	336,508	$	9,577	$	1,867,895
Impaired loans		256		1,547		547		160		—		2,510
		890,051		410,941		223,168		336,668		9,577		1,870,405
PCI loans		15,255		6,541		4,458		407		326		26,987
Total loans	$	905,306	$	417,482	$	227,626	$	337,075	$	9,903	$	1,897,392

Schedule of Allowance for Loan Losses for Impaired and Performing Loans Receivable

The following tables show the allowance for loan losses allocation by loan classification for impaired, PCI, and performing loans (in thousands):

					Construction		Commercial		Consumer
	Commercial		Consumer		and Land		and		and
	Real Estate		Real Estate		Development		Industrial		Other		Total
December 31, 2020:
Performing loans	$	7,579	$	3,267	$	2,076	$	4,768	$	110	$	17,800
Impaired loans		—		116		—		121		—		237
		7,579		3,383		2,076		4,889		110		18,037
PCI loans		—		88		—		218		3		309
Total loans	$	7,579	$	3,471	$	2,076	$	5,107	$	113	$	18,346
December 31, 2019:
Performing loans	$	4,491	$	2,159	$	1,127	$	1,766	$	69	$	9,612
Impaired loans		—		343		—		132		—		475
		4,491		2,502		1,127		1,898		69		10,087
PCI loans		17		74		—		59		6		156
Total loans	$	4,508	$	2,576	$	1,127	$	1,957	$	75	$	10,243

Schedule of Allowance for Loan Losses

The following tables detail the changes in the allowance for loan losses by loan classification (in thousands):

	Year Ended December 31, 2020
			Consumer		Construction		Commercial
	Commercial		Real		and Land		and		Consumer
	Real Estate		Estate		Development		Industrial		and Other		Total
Beginning balance	$	4,508	$	2,576	$	1,127	$	1,957	$	75	$	10,243
Loans charged-off		—		(23)		—		(420)		(398)		(841)
Recoveries of loans charged-off		19		39		2		114		87		261
Provision charged to expense		3,052		879		947		3,456		349		8,683

Ending balance $ 7,579 $ 3,471 $ 2,076 $ 5,107 $ 113 $ 18,346

	Year Ended December 31, 2019
			Consumer		Construction		Commercial
	Commercial		Real		and Land		and		Consumer
	Real Estate		Estate		Development		Industrial		and Other		Total
Beginning balance	$	3,639	$	1,789	$	795	$	1,746	$	306	$	8,275
Loans charged-off		(36)		(4)		—		(659)		(344)		(1,043)
Recoveries of loans charged-off		65		164		8		77		98		412
Provision charged to expense		840		627		324		793		15		2,599
Ending balance	$	4,508	$	2,576	$	1,127	$	1,957	$	75	$	10,243

Loan Credit Quality Indicators

The following tables outline the amount of each loan classification and the amount categorized into each risk rating (in thousands):

	December 31, 2020
					Construction		Commercial
	Commercial		Consumer		and Land		and		Consumer
Non PCI Loans:	Real Estate		Real Estate		Development		Industrial		and Other		Total
Pass	$	922,153	$	417,302	$	269,350	$	625,836	$	12,622	$	2,247,263
Watch		66,287		14,218		3,296		7,673		137		91,611
Special mention		4,446		46		—		320		—		4,812
Substandard		3,967		2,020		81		261		30		6,359
Doubtful		—		86		—		48		—		134
Total		996,853		433,672		272,727		634,138		12,789		2,350,179
PCI Loans:
Pass		11,072		8,382		1,008		262		25		20,749
Watch		3,381		224		3,820		—		2		7,427
Special mention		19		57		—		—		—		76
Substandard		1,651		1,595		520		46		—		3,812
Doubtful		—		—		—		—		—		—
Total		16,123		10,258		5,348		308		27		32,064
Total loans	$	1,012,976	$	443,930	$	278,075	$	634,446	$	12,816	$	2,382,243

	December 31, 2019
					Construction		Commercial
	Commercial		Consumer		and Land		and		Consumer
Non PCI Loans:	Real Estate		Real Estate		Development		Industrial		and Other		Total
Pass	$	860,447	$	407,336	$	216,459	$	328,564	$	9,462	$	1,822,268
Watch		25,180		989		6,089		6,786		40		39,084
Special mention		4,057		738		—		1,033		—		5,828
Substandard		367		1,713		620		228		51		2,979
Doubtful		—		165		—		57		24		246
Total		890,051		410,941		223,168		336,668		9,577		1,870,405
PCI Loans:
Pass		12,473		5,258		902		41		300		18,974
Watch		2,234		38		3,556		—		13		5,841
Special mention		139		60		—		—		—		199
Substandard		409		1,185		—		366		13		1,973
Doubtful		—		—		—		—		—		—

Total		15,255		6,541		4,458		407		326		26,987
Total loans	$	905,306	$	417,482	$	227,626	$	337,075	$	9,903	$	1,897,392

Past Due Loans and Leases

The following tables present an aging analysis of our loan portfolio (in thousands):

	December 31, 2020
	30-60 Days		61-89 Days		Past Due 90				Total
	Past Due and		Past Due and		Days or More				Past Due and		PCI		Current		Total
	Accruing		Accruing		and Accruing		Nonaccrual		Nonaccrual		Loans		Loans		Loans
Commercial real estate	$	134	$	—	$	67	$	3,740	$	3,941	$	16,123	$	992,912	$	1,012,976
Consumer real estate		1,916		51		82		1,823		3,872		10,258		429,800		443,930
Construction and land development		245		—		—		12		257		5,348		272,470		278,075
Commercial and industrial		12		76		—		36		124		308		634,014		634,446
Consumer and other		14		5		—		22		41		27		12,748		12,816
Total	$	2,321	$	132	$	149	$	5,633	$	8,235	$	32,064	$	2,341,944	$	2,382,243

	December 31, 2019
	30-60 Days		61-89 Days		Past Due 90				Total
	Past Due and		Past Due and		Days or More				Past Due and		PCI		Current		Total
	Accruing		Accruing		and Accruing		Nonaccrual		Nonaccrual		Loans		Loans		Loans
Commercial real estate	$	466	$	22	$	—	$	124	$	612	$	15,255	$	889,439	$	905,306
Consumer real estate		1,564		30		—		1,872		3,466		6,541		407,475		417,482
Construction and land development		507		—		607		620		1,734		4,458		221,434		227,626
Commercial and industrial		559		53		—		57		669		407		335,999		337,075
Consumer and other		86		14		—		70		170		326		9,407		9,903
Total	$	3,182	$	119	$	607	$	2,743	$	6,651	$	26,987	$	1,863,754	$	1,897,392

Impaired Loans

The following is an analysis of the impaired loan portfolio, including PCI loans, detailing the related allowance recorded (in thousands):

	December 31, 2020						December 31, 2019
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
Impaired loans without a valuation allowance:
Commercial real estate	$	3,871	$	3,872	$	—	$	256	$	261	$	—
Consumer real estate		888		888		—		553		553		—
Construction and land development		—		—		—		547		547		—
Commercial and industrial		—		—		—		—		—		—
Consumer and other		—		—		—		—		—		—
		4,759		4,760		—		1,356		1,361		—
Impaired loans with a valuation allowance:
Commercial real estate		—		—		—		—		—		—
Consumer real estate		428		428		116		994		994		343
Construction and land development		—		—		—		—		—		—
Commercial and industrial		146		146		121		160		160		132
Consumer and other		—		—		—		—		—		—
		574		574		237		1,154		1,154		475
PCI loans:
Commercial real estate		—		—		—		17		99		17
Consumer real estate		1,827		2,086		88		1,205		1,371		74
Construction and land development		—		—		—		—		—		—
Commercial and industrial		270		234		218		396		534		59
Consumer and other		21		20		3		45		51		6
		2,118		2,340		309		1,663		2,055		156
Total impaired loans	$	7,451	$	7,674	$	546	$	4,173	$	4,570	$	631

	December 31, 2020				December 31, 2019
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
Impaired loans without a valuation allowance:
Commercial real estate	$	1,073	$	12	$	399	$	30
Consumer real estate		701		33		725		15
Construction and land development		231		—		619		5
Commercial and industrial		—		—		20		1
Consumer and other		—		—		11		1
		2,005		45		1,774		52
Impaired loans with a valuation allowance:
Commercial real estate		158		2		9		1
Consumer real estate		656		24		397		17
Construction and land development		—		—		11		—
Commercial and industrial		244		8		430		16
Consumer and other		—		—		23		—
		1,058		34		870		34
PCI loans:
Commercial real estate		200		1		1,518		(25)
Consumer real estate		1,461		117		922		42
Construction and land development		46		—		—		—
Commercial and industrial		321		7		79		9
Consumer and other		27		—		9		1
		2,055		125		2,528		27
Total impaired loans	$	5,118	$	204	$	5,172	$	113

Troubled Debt Restructurings on Loans

The following table presents a summary of loans that were modified as troubled debt restructurings during the year ended December 31, 2020 (dollars in thousands):

		Pre-Modification		Post-Modification
		Outstanding		Outstanding
		Recorded		Recorded
December 31, 2020	Number of Contracts	Investment		Investment
Consumer real estate	1	$	108	$	108
Commercial and industrial	3		141		141
Consumer other	1		8		8

Certain Loans Acquired In Transfer Not Accounted For As Debt Securities, Acquired During Period Carrying Amount Of Loans

The Company has acquired loans which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans for the years ended December 31, are as follows (in thousands):

	2020		2019
Commercial real estate	$	23,787	$	21,570
Consumer real estate		12,692		8,411
Construction and land development		1,812		5,394
Commercial and industrial		6,521		2,540
Consumer and other		161		504
Total loans		44,973		38,419
Less: Remaining purchase discount		(12,909)		(11,432)
Total loans, net of purchase discount		32,064		26,987
Less: Allowance for loan losses		(309)		(156)
Carrying amount, net of allowance	$	31,755	$	26,831

Schedule of Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement

The following is a summary of the accretable yield on acquired loans for the years ended December 31, (in thousands):

	2020		2019
Accretable yield, beginning of period	$	8,454	$	7,052
Additions		2,515		—
Accretion income		(5,347)		(4,627)
Reclassification		2,792		3,555
Other changes, net		8,475		2,474
Accretable yield, end of period	$	16,889	$	8,454

Schedule of Loan to Directors, Officers and Affiliated Parties

	2020		2019
Balance, beginning of year	$	24,091	$	31,246
Disbursements		7,108		16,297
Repayments		(16,740)		(23,452)
Balance, end of year	$	14,459	$	24,091