Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Allowance for Credit Losses

Schedule of allowances for loan losses by portfolio segment

The following table presents the activity of the allowance for credit losses by portfolio segment for the three months ended March 31.

Allowance for Credit Losses:			March 31, 2024
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	13,264	$	14,327	$	11,797	$	379	$	39,767
Provision for credit losses		271		(173)		1,767		(65)		1,800
Loans charged-off		(231)		(14)		(2,947)		—		(3,192)
Recoveries		275		93		1,302		—		1,670
Ending Balance	$	13,579	$	14,233	$	11,919	$	314	$	40,045

Allowance for Credit Losses:			March 31, 2023
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	12,949	$	14,568	$	12,104	$	158	$	39,779
Provision for credit losses		(54)		500		1,254		100		1,800
Loans charged-off		(306)		(79)		(3,991)		—		(4,376)
Recoveries		201		70		2,146		—		2,417
Ending Balance	$	12,790	$	15,059	$	11,513	$	258	$	39,620

Schedule of recorded investment in non-performing loans by class of loans

	March 31, 2024
	Loans Past				Nonaccrual
	Due Over				With No
	90 Days Still				Allowance
(Dollar amounts in thousands)	Accruing		Nonaccrual		For Credit Loss
Commercial
Commercial & Industrial	$	397	$	14,290	$	63
Farmland		—		1,219		1,201
Non Farm, Non Residential		—		1,145		697
Agriculture		—		935		893
All Other Commercial		—		1,021		1,004
Residential
First Liens		620		827		—
Home Equity		124		68		—
Junior Liens		209		111		—
Multifamily		20		429		373
All Other Residential		60		405		—
Consumer
Motor Vehicle		—		2,166		—
All Other Consumer		—		241		—
TOTAL	$	1,430	$	22,857	$	4,231

	December 31, 2023
	Loans Past				Nonaccrual
	Due Over				With No
	90 Days Still				Allowance
(Dollar amounts in thousands)	Accruing		Nonaccrual		For Credit Loss
Commercial
Commercial & Industrial	$	5	$	13,971	$	860
Farmland		—		1,221		1,201
Non Farm, Non Residential		—		995		1,011
Agriculture		—		1,147		1,103
All Other Commercial		—		1,046		1,027
Residential
First Liens		620		960		—
Home Equity		32		68		—
Junior Liens		239		67		—
Multifamily		47		543		373
All Other Residential		—		427		—
Consumer
Motor Vehicle		45		2,933		—
All Other Consumer		—		218		—
TOTAL	$	988	$	23,596	$	5,575

Schedule of amortized cost basis of collateral dependent loans

	March 31, 2024
	Collateral Type
(Dollar amounts in thousands)	Real Estate		Other
Commercial
Commercial & Industrial	$	643	$	11,795
Farmland		1,622		—
Non Farm, Non Residential		3,563		—
Agriculture		—		893
All Other Commercial		1,003		—
Residential
First Liens		32		—
Home Equity		—		—
Junior Liens		—		—
Multifamily		373		—
All Other Residential		349		—
Consumer
Motor Vehicle		—		—
All Other Consumer		—		—
Total	$	7,585	$	12,688

	December 31, 2023
	Collateral Type
(Dollar amounts in thousands)	Real Estate		Other
Commercial
Commercial & Industrial	$	1,454	$	12,056
Farmland		1,633		—
Non Farm, Non Residential		3,919		—
Agriculture		49		1,054
All Other Commercial		1,027		—
Residential
First Liens		32		—
Home Equity		—		—
Junior Liens		—		—
Multifamily		373		—
All Other Residential		349		—
Consumer
Motor Vehicle		—		—
All Other Consumer		—		—
Total	$	8,836	$	13,110

Schedule of aging of the recorded investment in loans by past due category and class of loans

	March 31, 2024
					90 Days
	30-59 Days		60-89 Days		and Greater		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Total
Commercial
Commercial & Industrial	$	1,434	$	1,539	$	7,791	$	10,764	$	559,950	$	570,714
Farmland		398		—		1,201		1,599		130,209		131,808
Non Farm, Non Residential		—		111		—		111		534,606		534,717
Agriculture		17		—		930		947		127,631		128,578
All Other Commercial		759		—		—		759		462,159		462,918
Residential
First Liens		3,979		323		874		5,176		358,970		364,146
Home Equity		885		68		163		1,116		64,577		65,693
Junior Liens		439		240		266		945		57,613		58,558
Multifamily		570		96		394		1,060		200,862		201,922
All Other Residential		309		—		408		717		21,931		22,648
Consumer
Motor Vehicle		7,552		1,160		463		9,175		619,934		629,109
All Other Consumer		362		19		58		439		30,792		31,231
TOTAL	$	16,704	$	3,556	$	12,548	$	32,808	$	3,169,234	$	3,202,042

	December 31, 2023
					90 Days
	30-59 Days		60-89 Days		and Greater		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Total
Commercial
Commercial & Industrial	$	668	$	488	$	1,136	$	2,292	$	649,801	$	652,093
Farmland		58		—		1,201		1,259		132,147		133,406
Non Farm, Non Residential		—		—		—		—		439,009		439,009
Agriculture		—		—		1,141		1,141		139,900		141,041
All Other Commercial		—		—		—		—		464,776		464,776
Residential
First Liens		2,841		816		924		4,581		354,711		359,292
Home Equity		360		188		71		619		65,191		65,810
Junior Liens		462		124		262		848		57,985		58,833
Multifamily		117		140		373		630		191,104		191,734
All Other Residential		554		—		47		601		21,961		22,562
Consumer
Motor Vehicle		12,491		1,754		761		15,006		602,442		617,448
All Other Consumer		397		102		13		512		31,857		32,369
TOTAL	$	17,948	$	3,612	$	5,929	$	27,489	$	3,150,884	$	3,178,373

Schedule of loans and leases that were modified and the financial effect of loan and lease modifications

The following table presents the amortized cost of loans and leases at March 31, 2024 that were both experiencing financial difficulty and modified during the twelve months ended March 31, 2024, by class and by type of modification.

										Combination		Combination
										Term		Term		Total
										Extension and		Extension		Class of
	Principal		Payment		Term		Interest Rate			Principal		Interest Rate		Financing
(Dollar amounts in thousands)	Forgiveness		Delay		Extension		Reduction		Forgiveness		Reduction		Receivable
Residential
First Liens	$	—	$	—	$	—	$	138	$	—	$	25		0.04	%
Junior Liens		—		—		28		—		—		—		0.05	%
Consumer
Motor Vehicle		33		—		260		28		120		102		0.09	%
TOTAL	$	33	$	—	$	288	$	166	$	120	$	127		0.02	%

The following table presents the financial effect of loan and lease modifications presented above to borrowers experiencing financial difficulty for the twelve months ended March 31, 2024.

			Weighted-			Weighted-
			Average			Average
	Principal		Interest Rate			Term
(Dollar amounts in thousands)	Forgiveness		Reduction			Extension
Residential
First Liens	$	—		2.11	%		24
Junior Liens		—		—			36
Consumer
Motor Vehicle		52		2.74	%		23
TOTAL	$	52		2.41	%		24

Schedule of performance of loans and leases that have been modified to borrowers experiencing financial difficulty

	March 31, 2024
	30 - 59		60 - 89		Greater Than
	Days		Days		89 Days		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due
Consumer
Motor Vehicle	$	64	$		$		$	64
TOTAL	$	64	$	—	$	—	$	64

Schedule of amortized cost basis of modified loans that had a payment after modification in the twelve months prior

The following table presents the amortized cost basis of loans that had a payment default during the twelve months ended March 31, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.

	Principal		Payment		Term		Interest Rate
(Dollar amounts in thousands)	Forgiveness		Delay		Extension		Reduction
Consumer
Motor Vehicle	$	2	$		$	64	$	2
TOTAL	$	2	$	—	$	64	$	2

Schedule of commercial loan portfolio by risk category

		March 31, 2024
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2024		2023		2022		2021		2020		Prior		Loans		Total
Commercial
Commercial and Industrial	Pass	$	36,823	$	44,296	$	116,256	$	76,514	$	38,558	$	105,365	$	89,655	$	507,467
	Special Mention		—		14,605		762		9,780		3,392		1,205		2,299	$	32,043
	Substandard		2,431		1,235		4,360		9,522		145		6,941		—	$	24,634
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		542		1,263		1,181		619		360		166		—	$	4,131
	Subtotal	$	39,796	$	61,399	$	122,559	$	96,435	$	42,455	$	113,677	$	91,954	$	568,275
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	5	$	22	$	-	$	27
Farmland	Pass	$	4,521	$	20,668	$	15,738	$	19,867	$	7,911	$	57,576	$	214	$	126,495
	Special Mention		—		—		—		3		—		1,062		—	$	1,065
	Substandard		—		—		—		—		40		2,129		—	$	2,169
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		14		—	$	14
	Subtotal	$	4,521	$	20,668	$	15,738	$	19,870	$	7,951	$	60,781	$	214	$	129,743
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Non Farm, Non Residential	Pass	$	37,395	$	79,071	$	136,474	$	100,219	$	22,866	$	140,335	$	5,983	$	522,343
	Special Mention		—		—		718		985		—		835		—	$	2,538
	Substandard		662		59		189		—		—		6,560		—	$	7,470
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		673		64		—	$	737
	Subtotal	$	38,057	$	79,130	$	137,381	$	101,204	$	23,539	$	147,794	$	5,983	$	533,088
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Agriculture	Pass	$	3,737	$	9,424	$	10,522	$	5,945	$	5,669	$	22,708	$	61,669	$	119,674
	Special Mention		—		—		86		—		5		602		3,543	$	4,236
	Substandard		—		—		55		—		—		904		—	$	959
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		42		29		31		25		—	$	127
	Subtotal	$	3,737	$	9,424	$	10,705	$	5,974	$	5,705	$	24,239	$	65,212	$	124,996
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Other Commercial	Pass	$	6,151	$	30,204	$	104,099	$	106,110	$	93,055	$	107,236	$	9,170	$	456,025
	Special Mention		—		—		—		—		2,439		812		—	$	3,251
	Substandard		—		—		1,003		15		—		—		—	$	1,018
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		11		—		—		447		—	$	458
	Subtotal	$	6,151	$	30,204	$	105,113	$	106,125	$	95,494	$	108,495	$	9,170	$	460,752
	Current period gross charge-offs	$	104	$	100	$	-	$	-	$	-	$	-	$	-	$	204
Residential
Multifamily >5 Residential	Pass	$	—	$	42,594	$	66,593	$	31,781	$	22,389	$	28,140	$	426	$	191,923
	Special Mention		—		—		235		—		354		6,465		—	$	7,054
	Substandard		—		—		—		—		—		373		—	$	373
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		1,096		—		690		—	$	1,786
	Subtotal	$	—	$	42,594	$	66,828	$	32,877	$	22,743	$	35,668	$	426	$	201,136
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Total	Pass	$	88,627	$	226,257	$	449,682	$	340,436	$	190,448	$	461,360	$	167,117	$	1,923,927
	Special Mention		—		14,605		1,801		10,768		6,190		10,981		5,842	$	50,187
	Substandard		3,093		1,294		5,607		9,537		185		16,907		—	$	36,623
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		542		1,263		1,234		1,744		1,064		1,406		—	$	7,253
		$	92,262	$	243,419	$	458,324	$	362,485	$	197,887	$	490,654	$	172,959	$	2,017,990

		December 31, 2023
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2023		2022		2021		2020		2019		Prior		Loans		Total
Commercial
Commercial and Industrial	Pass	$	80,873	$	131,522	$	112,811	$	47,445	$	44,257	$	100,872	$	81,551	$	599,331
	Special Mention		6		221		10,025		3,442		323		866		2,715	$	17,598
	Substandard		3,620		4,734		1,842		981		1,789		5,354		7,932	$	26,252
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		3,476		1,352		847		431		144		93		—	$	6,343
	Subtotal	$	87,975	$	137,829	$	125,525	$	52,299	$	46,513	$	107,185	$	92,198	$	649,524
	Current period gross charge-offs	$	8	$	72	$	40	$	78	$	24	$	49	$	-	$	271
Farmland	Pass	$	21,232	$	16,025	$	20,794	$	8,310	$	8,790	$	52,357	$	287	$	127,795
	Special Mention		—		—		4		—		363		710		—	$	1,077
	Substandard		—		—		—		41		309		1,370		—	$	1,720
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		14		—	$	14
	Subtotal	$	21,232	$	16,025	$	20,798	$	8,351	$	9,462	$	54,451	$	287	$	130,606
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Non Farm, Non Residential	Pass	$	73,740	$	123,319	$	69,477	$	23,965	$	22,550	$	106,752	$	7,606	$	427,409
	Special Mention		—		732		995		—		845		—		—	$	2,572
	Substandard		102		—		—		—		479		6,356		—	$	6,937
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		678		—		65		—	$	743
	Subtotal	$	73,842	$	124,051	$	70,472	$	24,643	$	23,874	$	113,173	$	7,606	$	437,661
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Agriculture	Pass	$	10,764	$	11,299	$	6,614	$	6,118	$	7,443	$	25,678	$	64,476	$	132,392
	Special Mention		—		86		—		8		—		605		3,618	$	4,317
	Substandard		—		55		—		—		50		1,067		—	$	1,172
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		51		31		35		24		—		—	$	141
	Subtotal	$	10,764	$	11,491	$	6,645	$	6,161	$	7,517	$	27,350	$	68,094	$	138,022
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Other Commercial	Pass	$	27,401	$	105,046	$	104,307	$	94,029	$	4,774	$	112,159	$	9,177	$	456,893
	Special Mention		—		—		—		2,478		—		830		—	$	3,308
	Substandard		—		1,027		16		—		—		—		—	$	1,043
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		12		—		—		—		457		—	$	469
	Subtotal	$	27,401	$	106,085	$	104,323	$	96,507	$	4,774	$	113,446	$	9,177	$	461,713
	Current period gross charge-offs	$	675	$	-	$	-	$	-	$	20	$	-	$	-	$	695
Residential
Multifamily >5 Residential	Pass	$	34,551	$	62,845	$	32,273	$	22,590	$	6,397	$	23,215	$	382	$	182,253
	Special Mention		—		—		—		357		—		6,571		—	$	6,928
	Substandard		—		—		—		—		—		373		—	$	373
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		1,102		—		—		251		—	$	1,353
	Subtotal	$	34,551	$	62,845	$	33,375	$	22,947	$	6,397	$	30,410	$	382	$	190,907
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Total	Pass	$	248,561	$	450,056	$	346,276	$	202,457	$	94,211	$	421,033	$	163,479	$	1,926,073
	Special Mention		6		1,039		11,024		6,285		1,531		9,582		6,333	$	35,800
	Substandard		3,722		5,816		1,858		1,022		2,627		14,520		7,932	$	37,497
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		3,476		1,415		1,980		1,144		168		880		—	$	9,063
		$	255,765	$	458,326	$	361,138	$	210,908	$	98,537	$	446,015	$	177,744	$	2,008,433

		March 31, 2024
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2024		2023		2022		2021		2020		Prior		Loans		Total
Residential
First Liens	Performing	$	12,945	$	49,273	$	70,240	$	63,845	$	35,147	$	128,738	$	1,148	$	361,336
	Non-performing		—		—		251		—		65		1,307		—	$	1,623
	Subtotal	$	12,945	$	49,273	$	70,491	$	63,845	$	35,212	$	130,045	$	1,148	$	362,959
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	14	$	-	$	14
Home Equity	Performing	$	—	$	61	$	45	$	—	$	7	$	1,456	$	63,704	$	65,273
	Non-performing		—		—		68		—		17		54		51	$	190
	Subtotal	$	—	$	61	$	113	$	—	$	24	$	1,510	$	63,755	$	65,463
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Junior Liens	Performing	$	2,654	$	14,561	$	14,691	$	7,813	$	5,235	$	11,490	$	1,623	$	58,067
	Non-performing		—		—		41		41		102		135		—	$	319
	Subtotal	$	2,654	$	14,561	$	14,732	$	7,854	$	5,337	$	11,625	$	1,623	$	58,386
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Other Residential	Performing	$	224	$	8,087	$	8,659	$	2,999	$	408	$	1,525	$	185	$	22,087
	Non-performing		—		—		—		59		—		406		—	$	465
	Subtotal	$	224	$	8,087	$	8,659	$	3,058	$	408	$	1,931	$	185	$	22,552
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Consumer
Motor Vehicle	Performing	$	68,820	$	249,124	$	195,414	$	61,139	$	39,299	$	10,326	$	—	$	624,122
	Non-performing		—		222		797		501		473		118		—	$	2,111
	Subtotal	$	68,820	$	249,346	$	196,211	$	61,640	$	39,772	$	10,444	$	—	$	626,233
	Current period gross charge-offs	$	-	$	680	$	1,285	$	633	$	185	$	43	$	-	$	2,826
Other Consumer	Performing	$	2,948	$	10,821	$	5,734	$	3,243	$	1,889	$	1,210	$	4,968	$	30,813
	Non-performing		—		36		44		121		32		8		12	$	253
	Subtotal	$	2,948	$	10,857	$	5,778	$	3,364	$	1,921	$	1,218	$	4,980	$	31,066
	Current period gross charge-offs	$	-	$	46	$	25	$	3	$	7	$	5	$	35	$	121
Total	Performing	$	87,591	$	331,927	$	294,783	$	139,039	$	81,985	$	154,745	$	71,628	$	1,161,698
	Non-performing		—		258		1,201		722		689		2,028		63	$	4,961
Total other loans		$	87,591	$	332,185	$	295,984	$	139,761	$	82,674	$	156,773	$	71,691	$	1,166,659

		December 31, 2023
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2023		2022		2021		2020		2019		Prior		Loans		Total
Residential
First Liens	Performing	$	49,146	$	70,952	$	65,232	$	36,751	$	15,185	$	118,087	$	1,066	$	356,419
	Non-performing		—		121		—		65		57		1,504		—	$	1,747
	Subtotal	$	49,146	$	71,073	$	65,232	$	36,816	$	15,242	$	119,591	$	1,066	$	358,166
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	167	$	-	$	167
Home Equity	Performing	$	61	$	68	$	—	$	7	$	378	$	866	$	64,102	$	65,482
	Non-performing		—		22		—		17		—		60		—	$	99
	Subtotal	$	61	$	90	$	—	$	24	$	378	$	926	$	64,102	$	65,581
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Junior Liens	Performing	$	15,050	$	15,431	$	8,248	$	5,557	$	4,280	$	8,094	$	1,698	$	58,358
	Non-performing		—		53		45		104		—		103		—	$	305
	Subtotal	$	15,050	$	15,484	$	8,293	$	5,661	$	4,280	$	8,197	$	1,698	$	58,663
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	24	$	24	$	-	$	48
Other Residential	Performing	$	6,432	$	9,477	$	3,100	$	421	$	641	$	1,511	$	415	$	21,997
	Non-performing		—		—		46		—		390		38		—	$	474
	Subtotal	$	6,432	$	9,477	$	3,146	$	421	$	1,031	$	1,549	$	415	$	22,471
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	1	$	-	$	1
Consumer
Motor Vehicle	Performing	$	264,933	$	215,125	$	70,926	$	46,939	$	12,038	$	2,177	$	—	$	612,138
	Non-performing		232		973		520		532		134		30		—	$	2,421
	Subtotal	$	265,165	$	216,098	$	71,446	$	47,471	$	12,172	$	2,207	$	—	$	614,559
	Current period gross charge-offs	$	841	$	7,722	$	3,101	$	1,448	$	499	$	174	$	-	$	13,785
Other Consumer	Performing	$	12,561	$	6,895	$	3,778	$	2,189	$	659	$	692	$	5,203	$	31,977
	Non-performing		—		20		145		39		17		—		1	$	222
	Subtotal	$	12,561	$	6,915	$	3,923	$	2,228	$	676	$	692	$	5,204	$	32,199
	Current period gross charge-offs	$	61	$	213	$	61	$	37	$	3	$	5	$	149	$	529
Total	Performing	$	348,183	$	317,948	$	151,284	$	91,864	$	33,181	$	131,427	$	72,484	$	1,146,371
	Non-performing		232		1,189		756		757		598		1,735		1	$	5,268
Total other loans		$	348,415	$	319,137	$	152,040	$	92,621	$	33,779	$	133,162	$	72,485	$	1,151,639