LOANS AND ALLOWANCE FOR CREDIT LOSSES

9 Months Ended

Sep. 30, 2022

Receivables [Abstract]

LOANS AND ALLOWANCE FOR CREDIT LOSSES

NOTE 3 – LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans are stated at amortized cost. Balances within the major loans receivable categories are presented in the following table:

(dollars in thousands)	September 30, 2022		December 31, 2021
Commercial, financial and agricultural	$	2,245,287	$	1,875,993
Consumer installment	162,345		191,298
Indirect automobile	137,183		265,779
Mortgage warehouse	980,342		787,837
Municipal	516,797		572,701
Premium finance	1,062,724		798,409
Real estate – construction and development	2,009,726		1,452,339
Real estate – commercial and farmland	7,516,309		6,834,917
Real estate – residential	4,176,143		3,094,985
	$	18,806,856	$	15,874,258

Accrued interest receivable on loans is reported in other assets on the consolidated balance sheets totaling $55.4 million and $54.8 million at September 30, 2022 and December 31, 2021, respectively. The Company recorded an allowance for credit losses of $0 and $214,000 related to deferred interest on loans modified under its Disaster Relief Program at September 30, 2022 and December 31, 2021, respectively.

Nonaccrual and Past-Due Loans

A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged to interest income. Interest on loans that are classified as nonaccrual is subsequently applied to principal until the loans are returned to accrual status. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest, or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Chief Credit Officer. Past-due loans are loans whose principal or interest is past due 30 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms.

The following table presents an analysis of loans accounted for on a nonaccrual basis:

(dollars in thousands)	September 30, 2022		December 31, 2021
Commercial, financial and agricultural	$	10,344	$	14,214
Consumer installment	412		476
Indirect automobile	393		947
Real estate – construction and development	168		492
Real estate – commercial and farmland	14,172		15,365
Real estate – residential	93,187		53,772
	$	118,676	$	85,266

There was no interest income recognized on nonaccrual loans during the nine months ended September 30, 2022 and 2021.

The following table presents an analysis of nonaccrual loans with no related allowance for credit losses:

(dollars in thousands)	September 30, 2022		December 31, 2021
Commercial, financial and agricultural	$	—	$	164
Real estate – construction and development	—		209
Real estate – commercial and farmland	2,715		2,061
Real estate – residential	4,142		7,942
	$	6,857	$	10,376

The following table presents an analysis of past-due loans as of September 30, 2022 and December 31, 2021:

(dollars in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
September 30, 2022
Commercial, financial and agricultural	$	7,515	$	2,494	$	10,382	$	20,391	$	2,224,896	$	2,245,287	$	2,075
Consumer installment	1,379		763		706		2,848		159,497		162,345		519
Indirect automobile	422		169		230		821		136,362		137,183
Mortgage warehouse	—		—		—		—		980,342		980,342		—
Municipal	—		—		—		—		516,797		516,797		—
Premium finance	12,432		7,499		9,340		29,271		1,033,453		1,062,724		9,340
Real estate – construction and development	20,430		2,003		492		22,925		1,986,801		2,009,726		444
Real estate – commercial and farmland	2,465		372		11,441		14,278		7,502,031		7,516,309		—
Real estate – residential	26,599		8,256		90,488		125,343		4,050,800		4,176,143		—
Total	$	71,242	$	21,556	$	123,079	$	215,877	$	18,590,979	$	18,806,856	$	12,378
December 31, 2021
Commercial, financial and agricultural	$	3,431	$	2,005	$	12,017	$	17,453	$	1,858,540	$	1,875,993	$	1,165
Consumer installment	1,786		871		891		3,548		187,750		191,298		584
Indirect automobile	772		185		473		1,430		264,349		265,779		—
Mortgage warehouse	—		—		—		—		787,837		787,837		—
Municipal	—		—		—		—		572,701		572,701		—
Premium finance	6,992		4,340		9,134		20,466		777,943		798,409		9,134
Real estate – construction and development	16,601		1,398		2,190		20,189		1,432,150		1,452,339		1,758
Real estate – commercial and farmland	6,713		1,150		5,924		13,787		6,821,130		6,834,917		7
Real estate – residential	17,729		4,266		49,839		71,834		3,023,151		3,094,985		—
Total	$	54,024	$	14,215	$	80,468	$	148,707	$	15,725,551	$	15,874,258	$	12,648

Collateral-Dependent Loans

Collateral-dependent loans are loans where repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty. If the Company determines that foreclosure is probable, these loans are written down to the lower of cost or fair value of the collateral less estimated costs to sell. When repayment is expected to be from the operation of the collateral, the allowance for credit losses is calculated as the amount by which the amortized cost basis of the financial asset exceeds the present value of expected cash flows from the operation of the collateral. The Company may, in the alternative, measure the allowance for credit loss as the amount by which the amortized cost basis of the financial asset exceeds the estimated fair value of the collateral.

The following table presents an analysis of individually evaluated collateral-dependent financial assets and related allowance for credit losses:

	September 30, 2022				December 31, 2021
(dollars in thousands)	Balance		Allowance for Credit Losses		Balance		Allowance for Credit Losses
Commercial, financial and agricultural	$	7,365	$	6,646	$	2,613	$	723
Premium finance	—		—		2,989		30
Real estate – construction and development	280		—		1,432		45
Real estate – commercial and farmland	16,186		1,207		33,332		6,646
Real estate – residential	16,146		2,110		11,712		453
	$	39,977	$	9,963	$	52,078	$	7,897

Credit Quality Indicators

The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades:

Pass (Grades 1 - 5) – These grades represent acceptable credit risk to the Company based on factors including creditworthiness of the borrower, current performance and nature of the collateral.

Other Assets Especially Mentioned (Grade 6) – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date.

Substandard (Grade 7) – This grade represents loans which are inadequately protected by the current credit worthiness and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values.

Doubtful (Grade 8) – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable.

Loss (Grade 9) – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off.

The following tables present the loan portfolio's amortized cost by class of financing receivable, risk grade and year of origination (in thousands) as of September 30, 2022 and December 31, 2021. Generally, current period renewals of credit are underwritten again at the point of renewal and considered current period originations for purposes of the tables below. The Company had an immaterial amount of revolving loans which converted to term loans and the amortized cost basis of those loans is included in the applicable origination year. There were no loans risk graded 8 or 9 at September 30, 2022 or December 31, 2021.

As of September 30, 2022	Term Loans by Origination Year												Revolving Loans Amortized Cost Basis
	2022		2021		2020		2019		2018		Prior				Total
Commercial, Financial and Agricultural
Risk Grade:
Pass	$	818,365	$	585,385	$	193,526	$	122,965	$	69,367	$	50,153	$	382,953	$	2,222,714
6	—		—		105		576		55		2,895		760		4,391
7	6,407		1,026		714		3,480		1,308		3,079		2,168		18,182
Total commercial, financial and agricultural	$	824,772	$	586,411	$	194,345	$	127,021	$	70,730	$	56,127	$	385,881	$	2,245,287
Consumer Installment
Risk Grade:
Pass	$	34,089	$	15,217	$	41,532	$	25,909	$	19,219	$	15,083	$	9,875	$	160,924
6	38		—		—		—		—		128		5		171
7	72		148		290		114		189		399		38		1,250
Total consumer installment	$	34,199	$	15,365	$	41,822	$	26,023	$	19,408	$	15,610	$	9,918	$	162,345
Indirect Automobile
Risk Grade:
Pass	$	—	$	—	$	—	$	13,565	$	60,812	$	61,749	$	—	$	136,126
6	—		—		—		—		—		15		—		15
7	—		—		—		43		194		805		—		1,042
Total indirect automobile	$	—	$	—	$	—	$	13,608	$	61,006	$	62,569	$	—	$	137,183
Mortgage Warehouse
Risk Grade:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	942,279	$	942,279
6	—		—		—		—		—		—		18,895		18,895
7	—		—		—		—		—		—		19,168		19,168
Total mortgage warehouse	$	—	$	—	$	—	$	—	$	—	$	—	$	980,342	$	980,342
Municipal
Risk Grade:
Pass	$	17,385	$	46,009	$	188,438	$	9,820	$	4,605	$	250,540	$	—	$	516,797
Total municipal	$	17,385	$	46,009	$	188,438	$	9,820	$	4,605	$	250,540	$	—	$	516,797
Premium Finance
Risk Grade:
Pass	$	1,028,078	$	25,252	$	54	$	—	$	—	$	—	$	—	$	1,053,384
7	7,692		1,647		1		—		—		—		—		9,340
Total premium finance	$	1,035,770	$	26,899	$	55	$	—	$	—	$	—	$	—	$	1,062,724
Real Estate – Construction and Development
Risk Grade:
Pass	$	666,198	$	798,554	$	307,586	$	128,258	$	8,973	$	26,111	$	30,577	$	1,966,257
6	8,341		19,987		432		—		174		189		—		29,123
7	20		286		164		5		13,236		635		—		14,346
Total real estate – construction and development	$	674,559	$	818,827	$	308,182	$	128,263	$	22,383	$	26,935	$	30,577	$	2,009,726

As of September 30, 2022	Term Loans by Origination Year												Revolving Loans Amortized Cost Basis
	2022		2021		2020		2019		2018		Prior				Total
Real Estate – Commercial and Farmland
Risk Grade:
Pass	$	1,535,883	$	2,039,201	$	1,091,901	$	868,208	$	469,560	$	1,312,867	$	96,329	$	7,413,949
6	607		119		—		31,118		1,125		19,252		—		52,221
7	361		5,235		2,905		11,859		6,734		23,028		17		50,139
Total real estate – commercial and farmland	$	1,536,851	$	2,044,555	$	1,094,806	$	911,185	$	477,419	$	1,355,147	$	96,346	$	7,516,309
Real Estate - Residential
Risk Grade:
Pass	$	1,249,401	$	1,226,383	$	559,613	$	277,910	$	120,863	$	407,922	$	228,525	$	4,070,617
6	447		147		94		693		369		3,419		422		5,591
7	1,824		15,915		20,652		26,903		11,772		20,911		1,958		99,935
Total real estate - residential	$	1,251,672	$	1,242,445	$	580,359	$	305,506	$	133,004	$	432,252	$	230,905	$	4,176,143
Total Loans
Risk Grade:
Pass	$	5,349,399	$	4,736,001	$	2,382,650	$	1,446,635	$	753,399	$	2,124,425	$	1,690,538	$	18,483,047
6	9,433		20,253		631		32,387		1,723		25,898		20,082		110,407
7	16,376		24,257		24,726		42,404		33,433		48,857		23,349		213,402
Total loans	$	5,375,208	$	4,780,511	$	2,408,007	$	1,521,426	$	788,555	$	2,199,180	$	1,733,969	$	18,806,856

As of December 31, 2021	Term Loans by Origination Year												Revolving Loans Amortized Cost Basis
	2021		2020		2019		2018		2017		Prior				Total
Commercial, Financial and Agricultural
Risk Grade:
Pass	$	903,630	$	279,037	$	188,810	$	118,613	$	50,737	$	40,376	$	262,951	$	1,844,154
6	190		—		393		427		368		1,832		1,961		5,171
7	9,216		1,268		4,098		1,472		2,566		6,019		2,029		26,668
Total commercial, financial and agricultural	$	913,036	$	280,305	$	193,301	$	120,512	$	53,671	$	48,227	$	266,941	$	1,875,993
Consumer Installment
Risk Grade:
Pass	$	35,781	$	59,221	$	37,195	$	27,266	$	9,787	$	11,021	$	9,437	$	189,708
6	—		—		—		—		—		135		5		140
7	59		283		290		216		103		405		94		1,450
Total consumer installment	$	35,840	$	59,504	$	37,485	$	27,482	$	9,890	$	11,561	$	9,536	$	191,298
Indirect Automobile
Risk Grade:
Pass	$	—	$	—	$	20,276	$	101,969	$	90,294	$	51,468	$	—	$	264,007
6	—		—		—		24		10		19		—		53
7	—		—		55		234		384		1,046		—		1,719
Total indirect automobile	$	—	$	—	$	20,331	$	102,227	$	90,688	$	52,533	$	—	$	265,779

As of December 31, 2021	Term Loans by Origination Year												Revolving Loans Amortized Cost Basis
	2021		2020		2019		2018		2017		Prior				Total
Mortgage Warehouse
Risk Grade:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	787,837	$	787,837
Total mortgage warehouse	$	—	$	—	$	—	$	—	$	—	$	—	$	787,837	$	787,837
Municipal
Risk Grade:
Pass	$	44,727	$	219,385	$	14,831	$	5,494	$	109,040	$	179,224	$	—	$	572,701
Total municipal	$	44,727	$	219,385	$	14,831	$	5,494	$	109,040	$	179,224	$	—	$	572,701
Premium Finance
Risk Grade:
Pass	$	787,884	$	1,059	$	26	$	—	$	302	$	4	$	—	$	789,275
7	9,039		95		—		—		—		—		—		9,134
Total premium finance	$	796,923	$	1,154	$	26	$	—	$	302	$	4	$	—	$	798,409
Real Estate – Construction and Development
Risk Grade:
Pass	$	826,094	$	290,814	$	176,476	$	35,773	$	24,533	$	44,514	$	21,267	$	1,419,471
6	6,527		549		—		15,260		—		2,101		—		24,437
7	1,143		678		7		2,476		57		1,011		3,059		8,431
Total real estate – construction and development	$	833,764	$	292,041	$	176,483	$	53,509	$	24,590	$	47,626	$	24,326	$	1,452,339
Real Estate – Commercial and Farmland
Risk Grade:
Pass	$	2,186,291	$	1,205,578	$	1,119,239	$	542,295	$	486,477	$	1,103,675	$	80,379	$	6,723,934
6	416		—		1,036		14,760		5,334		21,665		—		43,211
7	4,709		2,682		11,109		9,076		4,861		35,315		20		67,772
Total real estate – commercial and farmland	$	2,191,416	$	1,208,260	$	1,131,384	$	566,131	$	496,672	$	1,160,655	$	80,399	$	6,834,917
Real Estate - Residential
Risk Grade:
Pass	$	1,171,008	$	638,232	$	329,247	$	149,990	$	108,538	$	408,240	$	217,982	$	3,023,237
6	145		66		1,106		505		356		3,717		49		5,944
7	2,405		10,167		21,239		11,376		4,597		13,970		2,050		65,804
Total real estate - residential	$	1,173,558	$	648,465	$	351,592	$	161,871	$	113,491	$	425,927	$	220,081	$	3,094,985
Total Loans
Risk Grade:
Pass	$	5,955,415	$	2,693,326	$	1,886,100	$	981,400	$	879,708	$	1,838,522	$	1,379,853	$	15,614,324
6	7,278		615		2,535		30,976		6,068		29,469		2,015		78,956
7	26,571		15,173		36,798		24,850		12,568		57,766		7,252		180,978
Total loans	$	5,989,264	$	2,709,114	$	1,925,433	$	1,037,226	$	898,344	$	1,925,757	$	1,389,120	$	15,874,258

Troubled Debt Restructurings

The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market

interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses.

The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal in the file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition.

The Company’s policy states that in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard until such time the borrower has demonstrated the ability to service the loan payments based on the restructured terms – generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history.

In the normal course of business, the Company modifies loans with a modification of the interest rate or terms that are not deemed to be troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first nine months of 2022 and 2021 totaling $296.4 million and $322.8 million, respectively, under such parameters.

As of September 30, 2022 and December 31, 2021, the Company had a balance of $39.8 million and $76.6 million, respectively, in troubled debt restructurings. The Company has recorded $649,000 and $654,000 in previous charge-offs on such loans at September 30, 2022 and December 31, 2021, respectively. The Company’s balance in the allowance for credit losses allocated to such troubled debt restructurings was $2.6 million and $10.5 million at September 30, 2022 and December 31, 2021, respectively. At September 30, 2022, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the loans by class modified as troubled debt restructurings which occurred during the three and nine months ended September 30, 2022 and 2021. These modifications did not have a material impact on the Company’s allowance for credit losses.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)		#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	1	$	450	—	$	—	3	$	916	6	$	532
Consumer installment	—	—		—	—		—	—		2	7
Premium finance	—	—		—	—		5	456		—	—
Real estate – construction and development	1	24		—	—		1	24		—	—
Real estate – commercial and farmland	1	17		—	—		2	99		5	16,257
Real estate – residential	2	268		9	1,818		6	1,335		21	3,270
Total	5	$	759	9	$	1,818	17	$	2,830	34	$	20,066

The following table presents the outstanding balance of troubled debt restructurings by class that defaulted (defined as 30 days past due) during the three and nine months ended September 30, 2022 and 2021. These defaults did not have a material impact on the Company's allowance for credit losses.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)		#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	—	$	—	1	$	1	1	$	348	1	$	1
Consumer installment	—	—		1	1		2	2		1	1
Indirect automobile	3	20		4	23		9	27		16	76
Real estate – construction and development	1	24		—	—		1	24		—	—
Real estate – commercial and farmland	—	—		—	—		1	8		—	—
Real estate – residential	14	1,398		4	489		23	2,801		15	1,111
Total	18	$	1,442	10	$	514	37	$	3,210	33	$	1,189

The following table presents the amount of troubled debt restructurings by loan class classified separately as accrual and nonaccrual at September 30, 2022 and December 31, 2021:

September 30, 2022	Accruing Loans			Non-Accruing Loans
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	8	$	1,342	3	$	353
Consumer installment	4	6		10	12
Indirect automobile	170	595		25	101
Premium finance	5	456		—	—
Real estate – construction and development	2	698		1	24
Real estate – commercial and farmland	17	8,091		3	66
Real estate – residential	206	24,515		29	3,494
Total	412	$	35,703	71	$	4,050

December 31, 2021	Accruing Loans			Non-Accruing Loans
Loan Class	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial and agricultural	12	$	1,286	6	$	83
Consumer installment	7	16		17	35
Indirect automobile	233	1,037		52	273
Real estate – construction and development	4	789		1	13
Real estate – commercial and farmland	25	35,575		5	5,924
Real estate – residential	213	26,879		39	4,678
Total	494	$	65,582	120	$	11,006

Allowance for Credit Losses on Loans

The allowance for credit losses represents an allowance for expected losses over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company reasonably expects to execute a troubled debt restructuring with a borrower. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio.

Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged off in accordance with the Federal Financial Institutions Examination Council’s (the “FFIEC”) Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged off and any further collections are

treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of 9 (Loss per the regulatory guidance), the uncollectible portion is charged off.

The Company’s methodologies for estimating the allowance for credit losses consider available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of loans with similar risk characteristics for which the historical loss experience was observed. The Company utilizes a one year reasonable and supportable forecast period. The Company’s methodologies revert back to historical loss information on a straight-line basis over four quarters after the reasonable and supportable forecast period.

During the nine months ended September 30, 2022, the allowance for credit losses increased due to organic loan growth, partially offset by improvement in forecasted macroeconomic factors. The allowance for credit losses was determined at September 30, 2022 using the Moody's baseline economic forecast. The allowance for credit losses was determined at December 31, 2021 using a weighting of five economic forecasts from Moody's. The Moody's baseline scenario was weighted at 10%, the downside 75th percentile S-2 scenario was weighted at 10%, the downside 90th percentile S-3 scenario was weighted at 50%, the slower trend growth scenario was weighted at 20% and the stagflation scenario was weighted at 10%. The current forecast reflects, among other things, improvements in forecast levels of home prices, commercial real estate prices and unemployment compared with the forecast at December 31, 2021.

The following tables detail activity and end of period balances in the allowance for credit losses by portfolio segment for the periods indicated. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

Three Months Ended September 30, 2022
(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Balance, June 30, 2022	$	25,658	$	5,269	$	291	$	3,885	$	371	$	2,762
Provision for loan losses	9,568		(244)		(288)		(1,884)		(9)		(638)
Loans charged off	(4,722)		(1,228)		(50)		—		—		(1,205)
Recoveries of loans previously charged off	2,201		277		276		—		—		1,023
Balance, September 30, 2022	$	32,705	$	4,074	$	229	$	2,001	$	362	$	1,942
	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Balance, June 30, 2022	$	23,232	$	59,349	$	51,825	$	172,642
Provision for loan losses	3,227		(1,200)		8,937		17,469
Loans charged off	—		(2,014)		(53)		(9,272)
Recoveries of loans previously charged off	96		96		83		4,052
Balance, September 30, 2022	$	26,555	$	56,231	$	60,792	$	184,891
Nine Months Ended September 30, 2022
(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Balance, December 31, 2021	$	26,829	$	6,097	$	476	$	3,231	$	401	$	2,729
Provision for loan losses	11,521		1,102		(884)		(1,230)		(39)		(530)
Loans charged off	(13,527)		(3,790)		(179)		—		—		(3,640)
Recoveries of loans previously charged off	7,882		665		816		—		—		3,383
Balance, September 30, 2022	$	32,705	$	4,074	$	229	$	2,001	$	362	$	1,942
	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Balance, December 31, 2021	$	22,045	$	77,831	$	27,943	$	167,582
Provision for loan losses	3,841		(18,399)		32,580		27,962
Loans charged off	—		(3,378)		(190)		(24,704)
Recoveries of loans previously charged off	669		177		459		14,051
Balance, September 30, 2022	$	26,555	$	56,231	$	60,792	$	184,891

Three Months Ended September 30, 2021
(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Balance, June 30, 2021	$	6,889	$	7,824	$	1,080	$	3,365	$	777	$	4,539
Provision for loan losses	(1,471)		3,063		(268)		(287)		(27)		(456)
Loans charged off	(858)		(1,647)		(178)		—		—		(605)
Recoveries of loans previously charged off	1,986		199		278		—		—		649
Balance, September 30, 2021	$	6,546	$	9,439	$	912	$	3,078	$	750	$	4,127
	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Balance, June 30, 2021	$	18,999	$	88,338	$	43,259	$	175,070
Provision for loan losses	(6,423)		87		1,798		(3,984)
Loans charged off	—		(210)		(39)		(3,537)
Recoveries of loans previously charged off	45		266		241		3,664
Balance, September 30, 2021	$	12,621	$	88,481	$	45,259	$	171,213
Nine Months Ended September 30, 2021
(dollars in thousands)	Commercial, Financial and Agricultural		Consumer Installment		Indirect Automobile		Mortgage Warehouse		Municipal		Premium Finance
Balance, December 31, 2020	$	7,359	$	4,076	$	1,929	$	3,666	$	791	$	3,879
Provision for loan losses	2,606		9,360		(1,219)		(588)		(41)		(847)
Loans charged off	(6,757)		(4,764)		(1,148)		—		—		(3,142)
Recoveries of loans previously charged off	3,338		767		1,350		—		—		4,237
Balance, September 30, 2021	$	6,546	$	9,439	$	912	$	3,078	$	750	$	4,127
	Real Estate – Construction and Development		Real Estate – Commercial and Farmland		Real Estate – Residential		Total
Balance, December 31, 2020	$	45,304	$	88,894	$	43,524	$	199,422
Provision for loan losses	(32,767)		727		1,307		(21,462)
Loans charged off	(212)		(1,632)		(594)		(18,249)
Recoveries of loans previously charged off	296		492		1,022		11,502
Balance, September 30, 2021	$	12,621	$	88,481	$	45,259	$	171,213