Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	16,963	$	17,470	$	12,046	$	253	$	46,732
Provision for credit losses		775		(540)		1,959		(244)		1,950
Loans charged-off		(490)		(108)		(2,643)		—		(3,241)
Recoveries		277		143		974		—		1,394
Ending Balance	$	17,525	$	16,965	$	12,336	$	9	$	46,835

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

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

	March 31, 2025
	Loans Past				Nonaccrual
	Due Over				With No
	90 Days Still				Allowance
(Dollar amounts in thousands)	Accruing		Nonaccrual		For Credit Loss
Commercial
Commercial & Industrial	$	38	$	1,954	$	—
Farmland		—		594		611
Non Farm, Non Residential		61		1,131		700
Agriculture		—		638		618
All Other Commercial		—		219		157
Residential
First Liens		57		1,087		332
Home Equity		433		105		—
Junior Liens		87		110		—
Multifamily		481		284		222
All Other Residential		—		55		31
Consumer
Motor Vehicle		—		2,569		—
All Other Consumer		—		314		—
TOTAL	$	1,157	$	9,060	$	2,671

	December 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	$	43	$	2,092	$	—
Farmland		—		1,047		806
Non Farm, Non Residential		—		1,733		897
Agriculture		—		644		623
All Other Commercial		—		1,181		1,116
Residential
First Liens		459		1,464		694
Home Equity		822		107		—
Junior Liens		243		85		27
Multifamily		321		291		225
All Other Residential		—		103		46
Consumer
Motor Vehicle		—		2,364		—
All Other Consumer		—		368		—
TOTAL	$	1,888	$	11,479	$	4,434

Schedule of amortized cost basis of collateral dependent loans

	March 31, 2025
	Collateral Type
(Dollar amounts in thousands)	Real Estate		Other
Commercial
Commercial & Industrial	$	—	$	5,963
Farmland		801		—
Non Farm, Non Residential		3,816		—
Agriculture		—		618
All Other Commercial		157		—
Residential
First Liens		332		—
Home Equity		—		—
Junior Liens		—		—
Multifamily		222		—
All Other Residential		31		—
Consumer
Motor Vehicle		—		—
All Other Consumer		—		—
Total	$	5,359	$	6,581

	December 31, 2024
	Collateral Type
(Dollar amounts in thousands)	Real Estate		Other
Commercial
Commercial & Industrial	$	1	$	5,978
Farmland		996		—
Non Farm, Non Residential		4,111		—
Agriculture		—		623
All Other Commercial		1,116		—
Residential
First Liens		694		—
Home Equity		—		—
Junior Liens		27		—
Multifamily		225		—
All Other Residential		46		—
Consumer
Motor Vehicle		—		—
All Other Consumer		—		—
Total	$	7,216	$	6,601

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

	March 31, 2025
					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	$	2,104	$	62	$	109	$	2,275	$	581,747	$	584,022
Farmland		—		153		—		153		128,788		128,941
Non Farm, Non Residential		844		452		61		1,357		835,402		836,759
Agriculture		37		—		638		675		131,197		131,872
All Other Commercial		652		72		—		724		539,094		539,818
Residential
First Liens		3,664		661		266		4,591		445,033		449,624
Home Equity		1,008		289		477		1,774		89,661		91,435
Junior Liens		424		145		157		726		64,980		65,706
Multifamily		118		388		481		987		315,691		316,678
All Other Residential		212		—		4		216		46,250		46,466
Consumer
Motor Vehicle		7,131		1,452		689		9,272		637,500		646,772
All Other Consumer		410		56		49		515		29,451		29,966
TOTAL	$	16,604	$	3,730	$	2,931	$	23,265	$	3,844,794	$	3,868,059

	December 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	$	746	$	768	$	208	$	1,722	$	571,244	$	572,966
Farmland		598		—		806		1,404		131,582		132,986
Non Farm, Non Residential		1,619		—		—		1,619		811,252		812,871
Agriculture		—		—		642		642		148,647		149,289
All Other Commercial		1,297		152		—		1,449		540,948		542,397
Residential
First Liens		4,304		1,361		1,224		6,889		444,792		451,681
Home Equity		639		157		906		1,702		88,137		89,839
Junior Liens		356		101		290		747		64,154		64,901
Multifamily		529		74		345		948		318,763		319,711
All Other Residential		25		—		108		133		44,477		44,610
Consumer
Motor Vehicle		10,176		1,435		808		12,419		627,119		639,538
All Other Consumer		555		122		123		800		30,843		31,643
TOTAL	$	20,844	$	4,170	$	5,460	$	30,474	$	3,821,958	$	3,852,432

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

	March 31, 2025
	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	$	—	$	41	$	—	$	41
TOTAL	$	—	$	41	$	—	$	41

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

The following table presents the amortized cost of loans and leases at March 31, 2025 that were both experiencing financial difficulty and modified during the twelve months ended March 31, 2025, 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
Junior Liens		—		—		—		62		—		—		0.09	%
Consumer
Motor Vehicle		—		—		90		—		83		68		0.04	%
TOTAL	$	—	$	—	$	90	$	62	$	83	$	68		0.01	%

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, 2025.

			Weighted-			Weighted-
			Average			Average
	Principal		Interest Rate			Term
(Dollar amounts in thousands)	Forgiveness		Reduction			Extension
Residential
Junior Liens	$	—		1.38	%		—
Consumer
Motor Vehicle		44		2.58	%		18
TOTAL	$	44		2.01	%		17

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

	Principal		Payment		Term		Interest Rate
(Dollar amounts in thousands)	Forgiveness		Delay		Extension		Reduction
Consumer
Motor Vehicle	$	2	$	—	$	41	$	2
TOTAL	$	2	$	—	$	41	$	2

Schedule of commercial loan portfolio by risk category

		March 31, 2025
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2025		2024		2023		2022		2021		Prior		Loans		Total
Commercial
Commercial and Industrial	Pass	$	28,460	$	83,723	$	37,917	$	104,630	$	78,006	$	120,185	$	91,972	$	544,893
	Special Mention		—		300		334		692		6,262		3,874		1,987	$	13,449
	Substandard		—		714		3,457		329		1,395		5,843		8,077	$	19,815
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		367		1,448		754		634		254		172		—	$	3,629
	Subtotal	$	28,827	$	86,185	$	42,462	$	106,285	$	85,917	$	130,074	$	102,036	$	581,786
	Current period gross charge-offs	$	-	$	52	$	-	$	19	$	34	$	139	$	-	$	244
Farmland	Pass	$	3,331	$	11,097	$	18,118	$	14,872	$	18,058	$	56,641	$	583	$	122,700
	Special Mention		—		1,151		701		—		—		816		—	$	2,668
	Substandard		—		—		487		—		16		1,081		—	$	1,584
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		11		—	$	11
	Subtotal	$	3,331	$	12,248	$	19,306	$	14,872	$	18,074	$	58,549	$	583	$	126,963
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Non Farm, Non Residential	Pass	$	32,748	$	157,638	$	87,031	$	159,298	$	164,898	$	191,366	$	15,365	$	808,344
	Special Mention		—		—		—		875		12,787		1,068		248	$	14,978
	Substandard		—		—		—		2,564		2,722		4,809		—	$	10,095
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		715		—	$	715
	Subtotal	$	32,748	$	157,638	$	87,031	$	162,737	$	180,407	$	197,958	$	15,613	$	834,132
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Agriculture	Pass	$	3,170	$	11,496	$	7,251	$	7,638	$	4,123	$	21,127	$	56,453	$	111,258
	Special Mention		188		310		—		977		196		1,978		3,109	$	6,758
	Substandard		—		866		102		80		—		5,502		3,639	$	10,189
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		11		—		19		23		13		—	$	66
	Subtotal	$	3,358	$	12,683	$	7,353	$	8,714	$	4,342	$	28,620	$	63,201	$	128,271
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	52	$	-	$	52
Other Commercial	Pass	$	18,161	$	74,484	$	60,287	$	94,237	$	114,701	$	164,447	$	9,513	$	535,830
	Special Mention		—		—		—		—		30		740		—	$	770
	Substandard		—		—		—		—		—		239		—	$	239
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		24		—		411		—	$	435
	Subtotal	$	18,161	$	74,484	$	60,287	$	94,261	$	114,731	$	165,837	$	9,513	$	537,274
	Current period gross charge-offs	$	194	$	-	$	-	$	-	$	-	$	-	$	-	$	194
Residential
Multifamily >5 Residential	Pass	$	3,978	$	78,598	$	67,084	$	57,987	$	37,588	$	48,011	$	1,976	$	295,222
	Special Mention		—		—		—		12,425		—		6,526		—	$	18,951
	Substandard		—		—		—		222		—		—		—	$	222
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		423		664		—	$	1,087
	Subtotal	$	3,978	$	78,598	$	67,084	$	70,634	$	38,011	$	55,201	$	1,976	$	315,482
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Total	Pass	$	89,848	$	417,036	$	277,688	$	438,662	$	417,374	$	601,777	$	175,862	$	2,418,247
	Special Mention		188		1,761		1,035		14,969		19,275		15,002		5,344	$	57,574
	Substandard		—		1,580		4,046		3,195		4,133		17,474		11,716	$	42,144
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		367		1,459		754		677		700		1,986		—	$	5,943
		$	90,403	$	421,836	$	283,523	$	457,503	$	441,482	$	636,239	$	192,922	$	2,523,908

		December 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	$	92,372	$	38,454	$	104,695	$	76,691	$	35,180	$	90,984	$	85,448	$	523,824
	Special Mention		354		137		870		9,953		2,931		1,052		1,078	$	16,375
	Substandard		4,464		3,461		233		1,478		374		10,244		5,904	$	26,158
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		2,041		924		735		353		153		75		—	$	4,281
	Subtotal	$	99,231	$	42,976	$	106,533	$	88,475	$	38,638	$	102,355	$	92,430	$	570,638
	Current period gross charge-offs	$	-	$	-	$	1,982	$	4,716	$	54	$	96	$	-	$	6,848
Farmland	Pass	$	12,676	$	19,782	$	15,526	$	20,086	$	7,565	$	51,413	$	494	$	127,542
	Special Mention		—		—		—		—		—		817		—	$	817
	Substandard		—		—		35		237		—		1,292		—	$	1,564
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		11		—	$	11
	Subtotal	$	12,676	$	19,782	$	15,561	$	20,323	$	7,565	$	53,533	$	494	$	129,934
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Non Farm, Non Residential	Pass	$	145,512	$	85,201	$	162,233	$	167,505	$	40,094	$	164,625	$	19,286	$	784,456
	Special Mention		—		107		411		12,976		—		—		—	$	13,494
	Substandard		636		50		2,596		2,736		102		5,602		—	$	11,722
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		658		62		—	$	720
	Subtotal	$	146,148	$	85,358	$	165,240	$	183,217	$	40,854	$	170,289	$	19,286	$	810,392
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Agriculture	Pass	$	12,492	$	7,810	$	9,281	$	4,815	$	4,824	$	20,925	$	81,991	$	142,138
	Special Mention		—		—		84		—		5		1,353		1,750	$	3,192
	Substandard		—		—		—		—		—		649		—	$	649
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		12		—		27		23		13		—		—	$	75
	Subtotal	$	12,504	$	7,810	$	9,392	$	4,838	$	4,842	$	22,927	$	83,741	$	146,054
	Current period gross charge-offs	$	-	$	-	$	53	$	-	$	-	$	-	$	-	$	53
Other Commercial	Pass	$	61,991	$	56,715	$	99,257	$	112,668	$	93,030	$	102,823	$	10,435	$	536,919
	Special Mention		—		—		—		—		—		758		—	$	758
	Substandard		—		—		940		—		21		240		—	$	1,201
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		26		—		9		420		—	$	455
	Subtotal	$	61,991	$	56,715	$	100,223	$	112,668	$	93,060	$	104,241	$	10,435	$	539,333
	Current period gross charge-offs	$	889	$	100	$	-	$	-	$	-	$	-	$	-	$	989
Residential
Multifamily >5 Residential	Pass	$	78,426	$	65,289	$	58,565	$	42,191	$	22,950	$	26,018	$	4,662	$	298,101
	Special Mention		—		—		12,538		—		342		6,259		—	$	19,139
	Substandard		—		—		225		—		—		24		—	$	249
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		424		—		653		—	$	1,077
	Subtotal	$	78,426	$	65,289	$	71,328	$	42,615	$	23,292	$	32,954	$	4,662	$	318,566
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Total	Pass	$	403,469	$	273,251	$	449,557	$	423,956	$	203,643	$	456,788	$	202,316	$	2,412,980
	Special Mention		354		244		13,903		22,929		3,278		10,239		2,828	$	53,775
	Substandard		5,100		3,511		4,029		4,451		497		18,051		5,904	$	41,543
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		2,053		924		788		800		833		1,221		—	$	6,619
		$	410,976	$	277,930	$	468,277	$	452,136	$	208,251	$	486,299	$	211,048	$	2,514,917

		March 31, 2025
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2025		2024		2023		2022		2021		Prior		Loans		Total
Residential
First Liens	Performing	$	8,836	$	64,486	$	47,361	$	88,407	$	66,599	$	168,965	$	2,214	$	446,868
	Non-performing		—		—		—		—		48		1,286		—	$	1,334
	Subtotal	$	8,836	$	64,486	$	47,361	$	88,407	$	66,647	$	170,251	$	2,214	$	448,202
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	11	$	-	$	11
Home Equity	Performing	$	142	$	913	$	134	$	659	$	337	$	1,309	$	87,090	$	90,584
	Non-performing		—		—		—		38		42		116		318	$	514
	Subtotal	$	142	$	913	$	134	$	697	$	379	$	1,425	$	87,408	$	91,098
	Current period gross charge-offs	$	-	$	-	$	-	$	22	$	-	$	19	$	-	$	41
Junior Liens	Performing	$	2,713	$	17,156	$	11,590	$	11,797	$	6,017	$	13,306	$	2,744	$	65,323
	Non-performing		—		—		39		—		38		115		—	$	192
	Subtotal	$	2,713	$	17,156	$	11,629	$	11,797	$	6,055	$	13,421	$	2,744	$	65,515
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	56	$	-	$	56
Other Residential	Performing	$	1,315	$	22,285	$	10,945	$	5,214	$	4,089	$	2,102	$	202	$	46,152
	Non-performing		—		—		—		—		62		11		—	$	73
	Subtotal	$	1,315	$	22,285	$	10,945	$	5,214	$	4,151	$	2,113	$	202	$	46,225
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Consumer
Motor Vehicle	Performing	$	75,412	$	230,436	$	166,998	$	121,868	$	29,941	$	16,721	$	10	$	641,386
	Non-performing		—		296		457		1,110		366		311		—	$	2,540
	Subtotal	$	75,412	$	230,732	$	167,455	$	122,978	$	30,307	$	17,032	$	10	$	643,926
	Current period gross charge-offs	$	-	$	358	$	574	$	1,158	$	218	$	118	$	-	$	2,426
Other Consumer	Performing	$	2,216	$	10,126	$	5,389	$	2,730	$	1,870	$	1,474	$	5,692	$	29,497
	Non-performing		—		36		86		97		67		26		15	$	327
	Subtotal	$	2,216	$	10,162	$	5,475	$	2,827	$	1,937	$	1,500	$	5,707	$	29,824
	Current period gross charge-offs	$	-	$	51	$	54	$	45	$	7	$	1	$	59	$	217
Total	Performing	$	90,634	$	345,402	$	242,417	$	230,675	$	108,853	$	203,877	$	97,952	$	1,319,810
	Non-performing		—		332		582		1,245		623		1,865		333	$	4,980
Total other loans		$	90,634	$	345,734	$	242,999	$	231,920	$	109,476	$	205,742	$	98,285	$	1,324,790

		December 31, 2024
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2024		2023		2022		2021		2020		Prior		Loans		Total
Residential
First Liens	Performing	$	64,953	$	47,930	$	89,205	$	69,090	$	37,658	$	136,805	$	2,279	$	447,920
	Non-performing		—		—		—		180		113		2,019		—	$	2,312
	Subtotal	$	64,953	$	47,930	$	89,205	$	69,270	$	37,771	$	138,824	$	2,279	$	450,232
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	221	$	-	$	221
Home Equity	Performing	$	966	$	562	$	1,017	$	31	$	143	$	1,149	$	84,723	$	88,591
	Non-performing		—		—		41		—		38		108		720	$	907
	Subtotal	$	966	$	562	$	1,058	$	31	$	181	$	1,257	$	85,443	$	89,498
	Current period gross charge-offs	$	-	$	-	$	22	$	-	$	-	$	28	$	51	$	101
Junior Liens	Performing	$	16,989	$	12,371	$	12,590	$	6,431	$	5,200	$	9,229	$	1,578	$	64,388
	Non-performing		—		39		41		38		60		146		—	$	324
	Subtotal	$	16,989	$	12,410	$	12,631	$	6,469	$	5,260	$	9,375	$	1,578	$	64,712
	Current period gross charge-offs	$	-	$	15	$	-	$	-	$	-	$	-	$	-	$	15
Other Residential	Performing	$	17,542	$	13,123	$	6,960	$	4,392	$	628	$	1,559	$	53	$	44,257
	Non-performing		—		—		—		80		5		36		—	$	121
	Subtotal	$	17,542	$	13,123	$	6,960	$	4,472	$	633	$	1,595	$	53	$	44,378
	Current period gross charge-offs	$	-	$	-	$	-	$	6	$	-	$	-	$	-	$	6
Consumer
Motor Vehicle	Performing	$	247,368	$	187,134	$	139,251	$	37,043	$	20,130	$	3,290	$	11	$	634,227
	Non-performing		144		346		1,112		398		286		59		—	$	2,345
	Subtotal	$	247,512	$	187,480	$	140,363	$	37,441	$	20,416	$	3,349	$	11	$	636,572
	Current period gross charge-offs	$	478	$	2,692	$	4,839	$	1,751	$	587	$	97	$	-	$	10,444
Other Consumer	Performing	$	11,580	$	6,883	$	3,270	$	2,161	$	1,094	$	576	$	5,501	$	31,065
	Non-performing		32		92		155		75		24		3		40	$	421
	Subtotal	$	11,612	$	6,975	$	3,425	$	2,236	$	1,118	$	579	$	5,541	$	31,486
	Current period gross charge-offs	$	50	$	197	$	121	$	22	$	16	$	24	$	182	$	612
Total	Performing	$	359,398	$	268,003	$	252,293	$	119,148	$	64,853	$	152,608	$	94,145	$	1,310,448
	Non-performing		176		477		1,349		771		526		2,371		760	$	6,430
Total other loans		$	359,574	$	268,480	$	253,642	$	119,919	$	65,379	$	154,979	$	94,905	$	1,316,878