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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Loans by portfolio segment
Loans in the accompanying consolidated balance sheets are classified as follows (in thousands):
December 31, 2021December 31, 2020
Real estate loans:
Construction$447,860 $581,941 
1-4 family residential651,140 719,952 
Commercial 1,598,172 1,295,746 
Commercial loans418,998 557,122 
Municipal loans443,078 409,028 
Loans to individuals85,914 93,990 
Total loans3,645,162 3,657,779 
Less: Allowance for loan losses35,273 49,006 
Net loans$3,609,889 $3,608,773 
Summary of loans by credit quality indicators and origination year
The following tables set forth the amortized cost basis by class of financing receivable and credit quality indicator for the periods presented (in thousands):
December 31, 2021Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20212020201920182017Prior
Construction real estate:
Pass$179,521 $82,862 $38,788 $5,666 $2,126 $6,080 $132,592 $447,635 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — — — — 175 — 175 
Doubtful— — — 50 — — — 50 
Total construction real estate$179,521 $82,862 $38,788 $5,716 $2,126 $6,255 $132,592 $447,860 
1-4 family residential real estate:
Pass$141,058 $129,681 $81,607 $47,566 $34,236 $209,470 $2,238 $645,856 
Pass watch— — — — — 777 — 777 
Special mention— 82 — — — — — 82 
Substandard57 403 55 — 295 3,257 88 4,155 
Doubtful— — — — — 270 — 270 
Total 1-4 family residential real estate$141,115 $130,166 $81,662 $47,566 $34,531 $213,774 $2,326 $651,140 
Commercial real estate:
Pass$648,002 $207,370 $209,923 $114,788 $143,350 $209,368 $7,566 $1,540,367 
Pass watch21,669 — 2,163 3,074 374 — — 27,280 
Special mention— 2,062 2,217 119 163 1,877 — 6,438 
Substandard3,299 667 10,830 1,480 — 7,691 — 23,967 
Doubtful— — — — — 120 — 120 
Total commercial real estate$672,970 $210,099 $225,133 $119,461 $143,887 $219,056 $7,566 $1,598,172 
Commercial loans:
Pass$140,628 $51,866 $24,688 $13,204 $2,516 $4,062 $178,263 $415,227 
Pass watch— — 280 22 — — — 302 
Special mention— 57 78 363 — 157 — 655 
Substandard— 283 296 174 16 — 1,457 2,226 
Doubtful7 26 124 359 — 72 — 588 
Total commercial loans$140,635 $52,232 $25,466 $14,122 $2,532 $4,291 $179,720 $418,998 
Municipal loans:
Pass$80,167 $64,803 $61,348 $29,168 $56,274 $151,318 $— $443,078 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$80,167 $64,803 $61,348 $29,168 $56,274 $151,318 $— $443,078 
Loans to individuals:
Pass$40,252 $24,028 $11,813 $4,121 $1,684 $849 $3,052 $85,799 
Pass watch— — — — — — — — 
Special mention— — — 36 — — — 36 
Substandard— 1 24 4 23 10 2 64 
Doubtful— — 1 7 3 4 — 15 
Total loans to individuals$40,252 $24,029 $11,838 $4,168 $1,710 $863 $3,054 $85,914 
Total loans$1,254,660 $564,191 $444,235 $220,201 $241,060 $595,557 $325,258 $3,645,162 
December 31, 2020Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20202019201820172016Prior
Construction real estate:
Pass$155,693 $180,536 $76,090 $55,636 $3,191 $8,297 $101,793 $581,236 
Pass watch— — — — 23 — — 23 
Special mention— — — — — — — — 
Substandard— 382 62 — — 58 — 502 
Doubtful— — — — — 180 — 180 
Total construction real estate$155,693 $180,918 $76,152 $55,636 $3,214 $8,535 $101,793 $581,941 
1-4 family residential real estate:
Pass$154,003 $114,063 $70,621 $55,557 $57,680 $255,003 $2,833 $709,760 
Pass watch— — — — 267 564 — 831 
Special mention— — — — — 10 — 10 
Substandard1,473 — 135 427 1,588 5,134 96 8,853 
Doubtful— — — 36 103 359 — 498 
Total 1-4 family residential real estate$155,476 $114,063 $70,756 $56,020 $59,638 $261,070 $2,929 $719,952 
Commercial real estate:
Pass$270,087 $307,161 $143,177 $162,180 $98,828 $179,919 $6,957 $1,168,309 
Pass watch— — 3,153 40,125 1,696 2,582 — 47,556 
Special mention4,555 33,020 7,041 140 4,531 7,850 — 57,137 
Substandard7,542 — 2,097 65 704 12,282 — 22,690 
Doubtful— — — — — 54 — 54 
Total commercial real estate$282,184 $340,181 $155,468 $202,510 $105,759 $202,687 $6,957 $1,295,746 
Commercial loans:
Pass$313,688 $47,446 $20,386 $7,505 $3,392 $6,142 $140,018 $538,577 
Pass watch2,599 1,318 2,410 1,981 — — 370 8,678 
Special mention304 809 433 39 286 265 455 2,591 
Substandard405 1,081 473 7 — — 4,417 6,383 
Doubtful310 53 475 54 1 — — 893 
Total commercial loans$317,306 $50,707 $24,177 $9,586 $3,679 $6,407 $145,260 $557,122 
Municipal loans:
Pass$72,542 $68,132 $33,735 $61,170 $25,387 $148,062 $— $409,028 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$72,542 $68,132 $33,735 $61,170 $25,387 $148,062 $— $409,028 
Loans to individuals:
Pass$46,722 $25,302 $10,132 $4,716 $1,867 $917 $3,900 $93,556 
Pass watch— — — — — — — — 
Special mention— — 51 — — — 4 55 
Substandard6 35 28 30 9 11 1 120 
Doubtful73 20 6 55 81 24 — 259 
Total loans to individuals$46,801 $25,357 $10,217 $4,801 $1,957 $952 $3,905 $93,990 
Total loans$1,030,002 $779,358 $370,505 $389,723 $199,634 $627,713 $260,844 $3,657,779 
Aging of past due loans by class of loan
The following tables present the aging of the amortized cost basis in past due loans by class of loans (in thousands):
 December 31, 2021
 30-59 Days
Past Due		60-89 Days
 Past Due		Greater than
90 Days
Past Due		Total Past
Due		CurrentTotal
Real estate loans:      
Construction$82 $58 $— $140 $447,720 $447,860 
1-4 family residential3,226 606 227 4,059 647,081 651,140 
Commercial1,191 — 99 1,290 1,596,882 1,598,172 
Commercial loans1,523 251 537 2,311 416,687 418,998 
Municipal loans170 — — 170 442,908 443,078 
Loans to individuals315 41 8 364 85,550 85,914 
Total$6,507 $956 $871 $8,334 $3,636,828 $3,645,162 
 December 31, 2020
 30-59 Days
Past Due		60-89 Days
 Past Due		Greater than
 90 Days
Past Due		Total Past
 Due		CurrentTotal
Real estate loans:      
Construction$95 $14 $444 $553 $581,388 $581,941 
1-4 family residential7,872 2,469 2,830 13,171 706,781 719,952 
Commercial467 315 86 868 1,294,878 1,295,746 
Commercial loans1,423 4,516 323 6,262 550,860 557,122 
Municipal loans64 — — 64 408,964 409,028 
Loans to individuals519 123 27 669 93,321 93,990 
Total$10,440 $7,437 $3,710 $21,587 $3,636,192 $3,657,779 
Nonperforming assets by asset class
The following table sets forth the amortized cost basis of nonperforming assets for the periods presented (in thousands):
 December 31, 2021December 31, 2020
Nonaccrual loans:
Real estate loans:
Construction$57 $640 
1-4 family residential969 3,922 
Commercial668 1,269 
Commercial loans815 1,592 
Loans to individuals27 291 
Total nonaccrual loans (1)
2,536 7,714 
Accruing loans past due more than 90 days— — 
TDR loans9,073 9,646 
OREO— 106 
Repossessed assets— 14 
Total nonperforming assets$11,609 $17,480 
(1)    Includes $1.1 million and $976,000 of restructured loans as of December 31, 2021 and December 31, 2020, respectively.
Troubled debt restructurings
The following tables set forth the recorded balance of loans considered to be TDRs that were restructured and the type of concession by class of loans during the periods presented (dollars in thousands):
December 31, 2021
Extend Amortization
 Period		Interest Rate ReductionsCombinationTotal ModificationsNumber of Loans
Real estate loans:    
1-4 family residential$— $— $560 $560 7
Commercial— — 450 450 1
Commercial loans— 16 84 100 3
Total$— $16 $1,094 $1,110 11
December 31, 2020
Extend Amortization
 Period		Interest Rate ReductionsCombinationTotal ModificationsNumber of Loans
Real estate loans:    
Commercial$— $— $58 $58 1
Commercial loans51 — 390 441 6
Loans to individuals— — 22 22 1
Total$51 $— $470 $521 8
December 31, 2019
Extend Amortization
 Period		Interest Rate ReductionsCombinationTotal ModificationsNumber of Loans
Real estate loans:    
1-4 family residential$— $— $121 $121 2 
Commercial7,518 — 93 7,611 2 
Commercial loans52 — 1,143 1,195 9
Loans to individuals4 — 24 28 5 
Total$7,574 $— $1,381 $8,955 18
Allowance for loan losses activity by portfolio segment
The following tables detail activity in the allowance for loan losses by portfolio segment for the periods presented (in thousands):
 Year Ended December 31, 2021
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$6,490 $2,270 $35,709 $4,107 $46 $384 $49,006 
Loans charged-off— (136)— (1,004)— (1,611)(2,751)
Recoveries of loans charged-off2 75 87 674 — 1,142 1,980 
Net loans (charged-off) recovered2 (61)87 (330)— (469)(771)
Provision for (reversal of) loan losses(2,705)(343)(8,816)(1,380)1 281 (12,962)
Balance at end of period$3,787 $1,866 $26,980 $2,397 $47 $196 $35,273 
Year Ended December 31, 2020
Real Estate
Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$3,539 $3,833 $9,572 $6,351 $570 $932 $24,797 
Impact of CECL adoption - cumulative effect adjustment2,968 (1,447)7,730 (3,532)(522)(125)5,072 
Impact of CECL adoption - purchased loans with credit deterioration(15)(6)333 (22)— (59)231 
Loans charged-off(40)(152)(33)(823)— (1,806)(2,854)
Recoveries of loans charged-off28 32 102 310 — 1,178 1,650 
Net loans (charged-off) recovered(12)(120)69 (513)— (628)(1,204)
Provision for (reversal of) loan losses (1)
10 10 18,005 1,823 (2)264 20,110 
Balance at end of period$6,490 $2,270 $35,709 $4,107 $46 $384 $49,006 
Year Ended December 31, 2019
Real Estate
Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$3,597 $3,844 $13,968 $3,974 $525 $1,111 $27,019 
Loans charged-off— (126)(5,247)(1,162)— (2,398)(8,933)
Recoveries of loans charged-off12 68 113 250 — 1,167 1,610 
Net loans (charged-off) recovered12 (58)(5,134)(912)— (1,231)(7,323)
Provision for (reversal of) loan losses(70)47 738 3,289 45 1,052 5,101 
Balance at end of period$3,539 $3,833 $9,572 $6,351 $570 $932 $24,797 
(1)    The increase in the provision for credit losses during 2020 was primarily due to the economic impact of COVID-19 on macroeconomic factors used in the CECL methodology.