ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”) (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of March 31, 2024 and December 31, 2023:

The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of March 31, 2024 and December 31, 2023:

		Real estate secured
(Dollars are in thousands)		Commercial		Construction and Land Development		Residential 1-4 family		Multifamily		Farmland		Commercial		Agriculture		Consumer and All Other		Unallocated		Total
Three months ended March 31, 2024
Beginning balance	$	2,518	$	300	$	2,666	$	509	$	163	$	673	$	33	$	394	$	-	$	7,256
Charge-offs		-		-		-		-		-		-		-		(70)		-		(70)
Recoveries		26		15		9		-		117		-		-		49		-		216
Provision for credit losses		(44)		(20)		74		(20)		(118)		50		3		79		-		4
Ending balance	$	2,500	$	295	$	2,749	$	489	$	162	$	723	$	36	$	452	$	-	$	7,406

(Dollars are in thousands)		Commercial		Construction and Land Development		Residential 1-4 family		Multifamily		Farmland		Commercial		Agriculture		Consumer and All Other		Unallocated		Total
Year ended December 31, 2023
Beginning balance	$	2,364	$	345	$	2,364	$	262	$	153	$	381	$	32	$	386	$	440	$	6,727
Adjustment to allowance for adoption of ASU 2016-13		(299)		164		275		12		75		241		(5)		(103)		(440)		(80)
Charge-offs		-		-		(51)		-		-		(45)		(59)		(321)		-		(476)
Recoveries		-		35		37		111		-		19		5		166		-		373
Provision for credit losses		453		(244)		41		124		(65)		77		60		266		-		712
Ending balance	$	2,518	$	300	$	2,666	$	509	$	163	$	673	$	33	$	394	$	-	$	7,256