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Allowance for Credit Losses on Loans
 12 Months Ended
Dec. 31, 2023
Allowance for Credit Loss [Abstract]  
Allowance for Credit Losses on Loans Allowance for Credit Losses on Loans
A summary of changes in the allowance for credit losses, by portfolio type, for the years ended December 31, 2023 and 2022 are as follows:

 For the Year ended December 31,
 2023
(in thousands)Beginning Allowance (12/31/2022)ASC 326 Adoption Day 1 AdjustmentCharge-offsRecoveriesProvisionEnding Allowance (12/31/2023)
Real Estate:     
Construction & land development$1,232 $1,891 $— $7 $2,715 $5,845 
Farmland83 (39)— — (8)36 
1- 4 family1,761 3,465 (964)93 2,298 6,653 
Multifamily746 1,418 — — (550)1,614 
Non-farm non-residential9,280 307 (138)230 917 10,596 
Total Real Estate13,102 7,042 (1,102)330 5,372 24,744 
Non-Real Estate:     
Agricultural240 (98)— 414 (459)97 
Commercial and industrial2,194 2,971 (1,694)205 (965)2,711 
Commercial leases4,879 (162)— — (2,769)1,948 
Consumer and other2,506 (1,042)(2,975)426 2,511 1,426 
Unallocated597 (591)— — (6)— 
Total Non-Real Estate10,416 1,078 (4,669)1,045 (1,688)6,182 
Total$23,518 $8,120 $(5,771)$1,375 $3,684 $30,926 

For the Year ended December 31,
2022
(in thousands)Beginning Allowance (12/31/2021)Charge-offsRecoveriesProvisionEnding Allowance (12/31/2022)
Real Estate:
Construction & land development$769 $(65)$340 $188 $1,232 
Farmland478 — — (395)83 
1- 4 family1,921 (94)76 (142)1,761 
Multifamily940 — 452 (646)746 
Non-farm non-residential12,730 (603)349 (3,196)9,280 
Total Real Estate16,838 (762)1,217 (4,191)13,102 
Non-Real Estate:
Agricultural183 (460)133 384 240 
Commercial and industrial2,363 (563)91 303 2,194 
Commercial leases2,486 (150)5 2,538 4,879 
Consumer and other1,371 (4,151)473 4,813 2,506 
Unallocated788 — — (191)597 
Total Non-Real Estate7,191 (5,324)702 7,847 10,416 
Total$24,029 $(6,086)$1,919 $3,656 $23,518 

Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the credit loss reserve from one category to another.
A summary of the allowance along with loans and leases individually and collectively evaluated are as follows:

 As of December 31, 2023
(in thousands)Allowance
Individually
Evaluated		Allowance
Collectively Evaluated		Total Allowance
for Credit Losses		Loans
Individually
Evaluated		Loans
Collectively
Evaluated		Total Loans
before
Unearned Income
Real Estate:      
Construction & land development$— $5,845 $5,845 $1,389 $398,046 $399,435 
Farmland— 36 36 5,670 26,860 32,530 
1- 4 family316 6,337 6,653 5,066 439,784 444,850 
Multifamily— 1,614 1,614 537 118,384 118,921 
Non-farm non-residential3,047 7,549 10,596 46,571 999,294 1,045,865 
Total Real Estate3,363 21,381 24,744 59,233 1,982,368 2,041,601 
Non-Real Estate:      
Agricultural1 96 97 1,466 39,542 41,008 
Commercial and industrial758 1,953 2,711 4,464 330,508 334,972 
Commercial leases— 1,948 1,948 1,799 283,616 285,415 
Consumer and other— 1,426 1,426 — 54,485 54,485 
Unallocated— — — — — — 
Total Non-Real Estate759 5,423 6,182 7,729 708,151 715,880 
Total$4,122 $26,804 $30,926 $66,962 $2,690,519 $2,757,481 
Unearned Income     (8,773)
Total Loans Net of Unearned Income     $2,748,708 
All loans individually evaluated for impairment as of December 31, 2023 were considered collateral dependent loans.

 As of December 31, 2022
(in thousands)Allowance
Individually
Evaluated
for Impairment		Allowance Individually Evaluated for Purchased Credit-ImpairmentAllowance
Collectively
Evaluated
for Impairment		Total Allowance
for Credit Losses		Loans
Individually
Evaluated
for Impairment		Loans Individually Evaluated for Purchased Credit-ImpairmentLoans
Collectively
Evaluated
for Impairment		Total Loans
before
Unearned Income
Real Estate:      
Construction & land development$— $— $1,232 $1,232 $68 $301 $232,722 $233,091 
Farmland— — 83 83 4,240 — 20,583 24,823 
1- 4 family— — 1,761 1,761 949 1,311 364,070 366,330 
Multifamily— — 746 746 — — 119,785 119,785 
Non-farm non-residential666 512 8,102 9,280 4,095 1,904 986,930 992,929 
Total Real Estate666 512 11,924 13,102 9,352 3,516 1,724,090 1,736,958 
Non-Real Estate:      
Agricultural— — 240 240 2,366 — 36,679 39,045 
Commercial and industrial412 212 1,570 2,194 5,919 742 378,618 385,279 
Commercial leases1,799 — 3,080 4,879 1,799 — 315,775 317,574 
Consumer and other— — 2,506 2,506 — — 47,864 47,864 
Unallocated— — 597 597 — — — — 
Total Non-Real Estate2,211 212 7,993 10,416 10,084 742 778,936 789,762 
Total$2,877 $724 $19,917 $23,518 $19,436 $4,258 $2,503,026 $2,526,720 
Unearned Income     (7,643)
Total Loans Net of Unearned Income     $2,519,077 
As of December 31, 2023 and 2022, First Guaranty had loans totaling $25.2 million and $13.6 million, respectively, not accruing interest. As of December 31, 2023, and 2022, First Guaranty had loans past due 90 days or more and still accruing interest totaling $15.3 million and $1.1 million, respectively. The average outstanding balance of nonaccrual loans in 2023 was $22.5 million compared to $12.8 million in 2022.

A loan is considered impaired when, based on current information and events, it is probable that First Guaranty will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Payment status, collateral value and the probability of collecting scheduled principal and interest payments when due are considered in evaluating loan impairment. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired.

The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class as of the date indicated:

 As of December 31, 2022
(in thousands)Recorded
Investment		Unpaid
Principal Balance		Related
Allowance		Average
Recorded Investment		Interest Income
Recognized
Impaired Loans with no related allowance:     
Real Estate:     
Construction & land development$68 $68 $— $68 $— 
Farmland4,240 4,240 — 4,242 51 
1- 4 family949 949 — 949 5 
Multifamily— — — — — 
Non-farm non-residential1,814 1,814 — 1,817 56 
Total Real Estate7,071 7,071 — 7,076 112 
Non-Real Estate:     
Agricultural2,366 2,521 — 2,366 7 
Commercial and industrial4,871 4,988 — 4,988 33 
Commercial leases— — — — — 
Consumer and other— — — — — 
Total Non-Real Estate7,237 7,509 — 7,354 40 
Total Impaired Loans with no related allowance14,308 14,580 — 14,430 152 
Impaired Loans with an allowance recorded:     
Real estate:     
Construction & land development— — — — — 
Farmland— — — — — 
1- 4 family— — — — — 
Multifamily— — — — — 
Non-farm non-residential2,281 2,855 666 2,279 5 
Total Real Estate2,281 2,855 666 2,279 5 
Non-Real Estate:     
Agricultural— — — — — 
Commercial and industrial1,048 1,048 412 1,112 35 
Commercial leases1,799 1,812 1,799 1,817 27 
Consumer and other— — — — — 
Total Non-Real Estate2,847 2,860 2,211 2,929 62 
Total Impaired Loans with an allowance recorded5,128 5,715 2,877 5,208 67 
Total Impaired Loans$19,436 $20,295 $2,877 $19,638 $219