XML 47 R37.htm IDEA: XBRL DOCUMENT v3.22.2.2
ALLOWANCE FOR CREDIT LOSSES (Tables)
9 Months Ended
Sep. 30, 2022
ALLOWANCE FOR CREDIT LOSSES  
Loans by risk grades, loan class and vintage

Loans by risk grades, loan class and vintage, at September 30, 2022 were as follows:

(Dollars in thousands)

    

2022

    

2021

    

2020

    

2019

    

2018

    

Prior

Revolving Loans

Converted Revolving Loans

    

Total

Commercial and industrial:

Pass

$

97,529

$

131,496

$

29,688

$

41,184

$

15,542

$

5,762

$

210,724

$

23,616

$

555,541

Substandard

2,745

3,585

300

1,540

4,360

12,530

Total commercial and industrial

97,529

131,496

29,688

43,929

19,127

6,062

212,264

27,976

568,071

Commercial real estate:

Pass

409,433

226,016

196,281

159,697

80,581

77,497

42,858

17,631

1,209,994

Special mention

2,161

2,161

Substandard

47

1,083

8,132

6,746

3,470

10,485

29,963

Total commercial real estate

409,433

226,063

197,364

167,829

89,488

80,967

42,858

28,116

1,242,118

Construction and development:

Pass

169,575

183,167

27,542

24,518

5,889

11,691

74,221

82

496,685

Special mention

421

421

Substandard

291

2,700

7,473

10,464

Total construction and development

169,996

183,167

27,833

24,518

8,589

19,164

74,221

82

507,570

1-4 family residential:

Pass

64,430

107,974

19,278

11,647

22,871

48,751

7,289

246

282,486

Substandard

1,310

1,548

494

891

226

1,501

5,970

Total 1-4 family residential

64,430

109,284

20,826

12,141

23,762

48,977

7,289

1,747

288,456

Multi-family residential:

Pass

50,748

35,442

59,609

17,732

35,974

170,319

567

370,391

Total multi-family residential

50,748

35,442

59,609

17,732

35,974

170,319

567

370,391

Consumer:

Pass

5,356

3,290

2,485

558

446

48

12,095

24,278

Substandard

34

197

231

Total consumer

5,356

3,290

2,519

558

446

48

12,292

24,509

Agriculture:

Pass

4,680

722

362

24

26

28

5,284

11,126

Substandard

15

44

59

Total agriculture

4,680

722

362

24

26

43

5,328

11,185

Other:

Pass

22,473

34,745

1,198

1,255

1,149

62,770

123,590

Substandard

1

1

Total other

22,473

34,745

1,198

1

1,255

1,149

62,770

123,591

Total

Pass

824,224

722,852

336,443

255,360

162,584

315,245

415,808

41,575

3,074,091

Special mention

421

2,161

2,582

Substandard

1,357

2,956

11,372

13,922

11,484

1,781

16,346

59,218

Total gross loans

$

824,645

$

724,209

$

339,399

$

266,732

$

178,667

$

326,729

$

417,589

$

57,921

$

3,135,891

Loans by risk grades, loan class and vintage, at December 31, 2021 were as follows:

(Dollars in thousands)

    

2021

    

2020

    

2019

    

2018

    

2017

    

Prior

Revolving Loans

Converted Revolving Loans

    

Total

Commercial and industrial:

Pass

$

230,432

$

53,744

$

60,514

$

21,059

$

8,117

$

5,533

$

228,247

$

5,773

$

613,419

Special mention

290

15

3,177

3,482

Substandard

1,014

1,852

7,075

4

391

1,647

5,500

17,483

Total commercial and industrial

230,432

54,758

62,656

28,149

8,121

5,924

233,071

11,273

634,384

Commercial real estate:

Pass

243,666

197,625

232,074

141,591

69,995

84,398

55,253

13,799

1,038,401

Special mention

859

7,934

62

8,855

Substandard

2,953

12,967

14,556

334

3,046

10,857

44,713

Total commercial real estate

243,666

200,578

245,900

164,081

70,329

87,506

55,253

24,656

1,091,969

Construction and development:

Pass

197,900

99,420

54,017

7,127

16,133

142

72,698

96

447,533

Special mention

470

470

Substandard

292

1,500

10,207

717

12,716

Total construction and development

197,900

100,182

54,017

8,627

26,340

859

72,698

96

460,719

1-4 family residential:

Pass

115,451

23,298

20,210

31,416

21,607

53,253

6,516

466

272,217

Substandard

1,548

514

902

126

464

1,502

5,056

Total 1-4 family residential

115,451

24,846

20,724

32,318

21,733

53,717

8,018

466

277,273

Multi-family residential:

Pass

16,744

18,236

6,473

58,750

9,784

167,033

9,376

286,396

Total multi-family residential

16,744

18,236

6,473

58,750

9,784

167,033

9,376

286,396

Consumer:

Pass

6,427

3,637

1,199

714

277

11

14,921

679

27,865

Substandard

40

85

100

225

Total consumer

6,427

3,677

1,199

714

277

11

15,006

779

28,090

Agriculture:

Pass

2,954

423

42

57

35

4,198

190

7,899

Substandard

18

24

42

Total agriculture

2,954

423

42

57

35

18

4,222

190

7,941

Other:

Pass

27,656

3,744

630

1,509

10

2,157

53,906

43

89,655

Total other

27,656

3,744

630

1,509

10

2,157

53,906

43

89,655

Total

Pass

841,230

400,127

375,159

262,223

125,958

312,527

445,115

21,046

2,783,385

Special mention

470

1,149

7,949

62

3,177

12,807

Substandard

5,847

15,333

24,033

10,671

4,636

3,258

16,457

80,235

Total gross loans

$

841,230

$

406,444

$

391,641

$

294,205

$

136,629

$

317,225

$

451,550

$

37,503

$

2,876,427

Loans by risk grades and loan class

(Dollars in thousands)

    

Pass

    

Special Mention

    

Substandard

    

Total Loans

September 30, 2022

 

  

 

  

 

  

 

  

Commercial and industrial

$

555,541

$

$

12,530

$

568,071

Real estate:

 

 

  

Commercial real estate

 

1,209,994

2,161

29,963

 

1,242,118

Construction and development

 

496,685

421

10,464

 

507,570

1-4 family residential

 

282,486

5,970

 

288,456

Multi-family residential

 

370,391

 

370,391

Consumer

 

24,278

231

 

24,509

Agriculture

 

11,126

59

 

11,185

Other

 

123,590

1

 

123,591

Total gross loans

$

3,074,091

$

2,582

$

59,218

$

3,135,891

December 31, 2021

 

  

 

  

 

  

 

  

Commercial and industrial

$

613,419

$

3,482

$

17,483

$

634,384

Real estate:

 

 

  

Commercial real estate

 

1,038,401

8,855

44,713

 

1,091,969

Construction and development

 

447,533

470

12,716

 

460,719

1-4 family residential

 

272,217

5,056

 

277,273

Multi-family residential

 

286,396

 

286,396

Consumer

 

27,865

225

 

28,090

Agriculture

 

7,899

42

 

7,941

Other

 

89,655

 

89,655

Total gross loans

$

2,783,385

$

12,807

$

80,235

$

2,876,427

Loans individually evaluated and collectively evaluated

September 30, 2022

December 31, 2021

Individually

Collectively

Individually

Collectively

Evaluated

Evaluated

Total

Evaluated

Evaluated

Total

(Dollars in thousands)

    

Loans

    

Loans

    

Loans

    

Loans

    

Loans

    

Loans

Commercial and industrial

$

10,932

$

557,139

$

568,071

$

16,579

$

617,805

$

634,384

Real estate:

 

  

 

  

 

 

  

 

  

Commercial real estate

 

18,705

1,223,413

 

1,242,118

 

21,057

 

1,070,912

 

1,091,969

Construction and development

 

10,464

497,106

 

507,570

 

12,716

 

448,003

 

460,719

1-4 family residential

 

3,202

285,254

 

288,456

 

3,355

 

273,918

 

277,273

Multi-family residential

 

370,391

 

370,391

 

 

286,396

 

286,396

Consumer

 

116

24,393

 

24,509

 

125

 

27,965

 

28,090

Agriculture

 

11,185

 

11,185

 

 

7,941

 

7,941

Other

 

8,523

115,068

 

123,591

 

5,440

 

84,215

 

89,655

Total gross loans

$

51,942

$

3,083,949

$

3,135,891

$

59,272

$

2,817,155

$

2,876,427

Activity in the total ACL for loans

Real Estate

Commercial

Construction

and

Commercial

and

1-4 Family

Multi-family

(Dollars in thousands)

    

Industrial

    

Real Estate

    

Development

    

Residential

    

Residential

    

Consumer

    

Agriculture

    

Other

    

Total

September 30, 2022

 

  

 

  

 

  

 

  

 

  

 

 

  

 

  

 

  

Beginning balance

$

11,214

$

11,015

$

3,310

$

2,105

$

1,781

$

406

$

88

$

1,426

$

31,345

Provision (recapture)

 

(2,101)

1,195

654

152

723

22

24

353

 

1,022

Charge-offs

 

(44)

(25)

(8)

(63)

 

(140)

Recoveries

 

328

6

6

10

 

350

Net recoveries

 

284

 

(25)

 

 

(2)

 

 

(57)

 

10

 

 

210

Ending balance

$

9,397

$

12,185

$

3,964

$

2,255

$

2,504

$

371

$

122

$

1,779

$

32,577

Period-end amount allocated to:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Specific reserve

$

2,517

$

28

$

$

$

$

116

$

$

$

2,661

General reserve

 

6,880

 

12,157

 

3,964

 

2,255

 

2,504

 

255

 

122

 

1,779

 

29,916

Total

$

9,397

$

12,185

$

3,964

$

2,255

$

2,504

$

371

$

122

$

1,779

$

32,577

September 30, 2021

Beginning balance

$

13,035

$

13,798

$

6,089

$

2,578

$

2,513

$

440

$

137

$

2,047

$

40,637

Provision (recapture)

 

(2,028)

 

(2,054)

 

(2,755)

 

(875)

 

(357)

 

(85)

 

(75)

 

(732)

 

(8,961)

Charge-offs

 

(495)

 

 

 

(3)

 

 

(13)

 

 

 

(511)

Recoveries

 

889

 

 

 

 

 

107

 

47

 

 

1,043

Net (charge-offs) recoveries

 

394

 

 

 

(3)

 

 

94

 

47

 

 

532

Ending balance

$

11,401

$

11,744

$

3,334

$

1,700

$

2,156

$

449

$

109

$

1,315

$

32,208

Period-end amount allocated to:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Specific reserve

$

4,343

$

670

$

$

$

$

131

$

$

$

5,144

General reserve

 

7,058

 

11,074

 

3,334

 

1,700

 

2,156

 

318

 

109

 

1,315

 

27,064

Total

$

11,401

$

11,744

$

3,334

$

1,700

$

2,156

$

449

$

109

$

1,315

$

32,208

ACL for loans by loan class

September 30, 2022

December 31, 2021

(Dollars in thousands)

Amount

Percent

Amount

Percent

Commercial and industrial

$

9,397

 

28.9

%  

$

11,214

 

35.7

%

Real estate:

 

 

 

  

 

Commercial real estate

 

12,185

 

37.4

%  

 

11,015

 

35.1

%

Construction and development

 

3,964

 

12.2

%  

 

3,310

 

10.6

%

1-4 family residential

 

2,255

 

6.9

%  

 

2,105

 

6.7

%

Multi-family residential

 

2,504

 

7.7

%  

 

1,781

 

5.7

%

Consumer

 

371

 

1.1

%  

 

406

 

1.3

%

Agriculture

 

122

 

0.4

%  

 

88

 

0.3

%

Other

 

1,779

 

5.4

%  

 

1,426

 

4.6

%

Total allowance for credit losses for loans

$

32,577

 

100.0

%  

$

31,345

 

100.0

%

Loans excluding loans held for sale

3,126,421

2,867,524

ACL for loans to loans excluding loans held for sale

1.04%

1.09%

Charge-offs and recoveries by loan class and vintage

Charge-offs and recoveries by loan class and vintage for the nine months ended September 30, 2022 were as follows:

(Dollars in thousands)

    

2022

    

2021

    

2020

    

2019

2018

Prior

Revolving Loans

Converted Revolving Loans

    

Total

Commercial and industrial:

Charge-off

$

(43)

$

$

$

$

$

(1)

$

$

$

(44)

Recovery

1

207

55

65

328

Total commercial and industrial

(42)

207

54

65

284

Commercial real estate:

Charge-off

(25)

(25)

Total commercial real estate loans

(25)

(25)

1-4 family residential:

Charge-off

(2)

(6)

(8)

Recovery

6

6

Total 1-4 family residential

(2)

(2)

Consumer:

Charge-off

(12)

(1)

(50)

(63)

Recovery

1

3

2

6

Total consumer

(12)

1

3

(1)

(48)

(57)

Agriculture:

Recovery

10

10

Total agriculture

10

10

Total:

Charge-off

(43)

(12)

(25)

(2)

(7)

(1)

(50)

(140)

Recovery

1

1

207

74

65

2

350

Total

$

(42)

$

$

(12)

$

(24)

$

205

$

67

$

64

$

(48)

$

210

Charge-offs and recoveries by loan class and vintage for the nine months ended September 30, 2021 were as follows:

(Dollars in thousands)

    

2021

    

2020

    

2019

    

2018

2017

Prior

Revolving Loans

Converted Revolving Loans

    

Total

Commercial and industrial:

Charge-off

$

$

$

(191)

$

(260)

$

$

$

$

(44)

$

(495)

Recovery

5

39

43

762

40

889

Total commercial and industrial

(186)

(221)

43

762

(4)

394

1-4 family residential:

Charge-off

(3)

(3)

Total 1-4 family residential

(3)

(3)

Consumer:

Charge-off

(10)

(3)

(13)

Recovery

4

4

99

107

Total consumer

(6)

1

99

94

Agriculture:

Recovery

47

47

Total agriculture

47

47

Total:

Charge-off

(10)

(194)

(260)

(3)

(44)

(511)

Recovery

4

9

39

43

908

40

1,043

Total

$

(6)

$

$

(185)

$

(221)

$

43

$

905

$

$

(4)

$

532

Activity in the ACL for unfunded commitments

Nine Months Ended September 30,

(Dollars in thousands)

2022

2021

Beginning balance

$

3,266

$

4,177

Provision (recapture)

551

 

(605)

Ending balance

$

3,817

$

3,572