ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Allowance for Credit Losses

The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the years ended December 31, 2024 and 2023.

 

(dollars in thousands)	Balance, December 31, 2023		Charge-offs		Recoveries		Provision for credit losses on loans		Balance, December 31, 2024
Year ended December 31, 2024
Construction, land & land development	$	2,204	$	—	$	16	$	(914)	$	1,306
Other commercial real estate	7,064		(20)		57		(642)		6,459
Total commercial real estate	9,268		(20)		73		(1,556)		7,765
Residential real estate	5,105		(427)		256		568		5,502
Commercial, financial & agricultural	2,110		(2,467)		161		3,100		2,904
Consumer and other	1,888		(604)		25		1,500		2,809
Total allowance for credit losses on loans	$	18,371	$	(3,518)	$	515	$	3,612	$	18,980

(dollars in thousands)	Balance, December 31, 2022		Adoption of ASU 2016-13		Charge-offs		Recoveries		Provision for credit losses on loans		Balance, December 31, 2023
Year ended December 31, 2023
Construction, land & land development	$	1,959	$	148	$	—	$	10	$	87	$	2,204
Other commercial real estate	8,886		(630)		(69)		42		(1,165)		7,064
Total commercial real estate	10,845		(482)		(69)		52		(1,078)		9,268
Residential real estate	2,354		1,053		(771)		79		2,390		5,105
Commercial, financial & agricultural	2,709		(690)		(1,069)		201		959		2,110
Consumer and other	220		66		(35)		22		1,615		1,888
Total allowance for credit losses on loans	$	16,128	$	(53)	$	(1,944)	$	354	$	3,886	$	18,371

The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the years ended December 31, 2024 and 2023.

(dollars in thousands)	December 31, 2024		December 31, 2023
Beginning balance	$	1,375	$	—
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13	—		1,661
Provision for (recovery of ) unfunded commitments	(562)		(286)
Ending balance	$	813	$	1,375