Loans

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Loans

Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 3, all references to “loans” mean loans excluding loans held for sale.

The following is a summary of loans and leases as of the dates presented:

	September 30, 2024		December 31, 2023
Commercial, financial, agricultural	$	1,804,961	$	1,871,821
Lease financing	103,005		122,807
Real estate – construction:
Residential	258,356		269,616
Commercial	940,482		1,063,781
Total real estate – construction	1,198,838		1,333,397
Real estate – 1-4 family mortgage:
Primary	2,409,912		2,422,482
Home equity	537,372		522,688
Rental/investment	390,029		373,755
Land development	102,725		120,994
Total real estate – 1-4 family mortgage	3,440,038		3,439,919
Real estate – commercial mortgage:
Owner-occupied	1,845,791		1,648,961
Non-owner occupied	4,045,666		3,733,174
Land development	103,695		104,415
Total real estate – commercial mortgage	5,995,152		5,486,550
Installment loans to individuals	90,500		103,523
Gross loans	12,632,494		12,358,017
Unearned income	(4,846)		(6,787)
Loans, net of unearned income	$	12,627,648	$	12,351,230

Past Due and Nonaccrual Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not

such loans are considered past due. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
September 30, 2024
Commercial, financial, agricultural	$	333	$	309	$	1,799,604	$	1,800,246	$	120	$	720	$	3,875	$	4,715	$	1,804,961
Lease financing	—		—		102,391		102,391		—		614		—		614		103,005
Real estate – construction:
Residential	653		1,168		256,396		258,217		—		—		139		139		258,356
Commercial	—		—		940,482		940,482		—		—		—		—		940,482
Total real estate – construction	653		1,168		1,196,878		1,198,699		—		—		139		139		1,198,838
Real estate – 1-4 family mortgage:
Primary	8,902		—		2,345,934		2,354,836		7,742		27,460		19,874		55,076		2,409,912
Home equity	3,414		—		530,662		534,076		731		1,235		1,330		3,296		537,372
Rental/investment	315		17		388,787		389,119		18		752		140		910		390,029
Land development	—		—		102,703		102,703		22		—		—		22		102,725
Total real estate – 1-4 family mortgage	12,631		17		3,368,086		3,380,734		8,513		29,447		21,344		59,304		3,440,038
Real estate – commercial mortgage:
Owner-occupied	2,397		3,822		1,833,784		1,840,003		—		843		4,945		5,788		1,845,791
Non-owner occupied	442		—		4,005,280		4,005,722		—		1,054		38,890		39,944		4,045,666
Land development	356		—		100,170		100,526		—		15		3,154		3,169		103,695
Total real estate – commercial mortgage	3,195		3,822		5,939,234		5,946,251		—		1,912		46,989		48,901		5,995,152
Installment loans to individuals	711		35		89,555		90,301		52		57		90		199		90,500
Unearned income	—		—		(4,846)		(4,846)		—		—		—		—		(4,846)
Loans, net of unearned income	$	17,523	$	5,351	$	12,490,902	$	12,513,776	$	8,685	$	32,750	$	72,437	$	113,872	$	12,627,648

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2023
Commercial, financial, agricultural	$	1,098	$	483	$	1,864,441	$	1,866,022	$	1,310	$	1,296	$	3,193	$	5,799	$	1,871,821
Lease financing	687		—		122,120		122,807		—		—		—		—		122,807
Real estate – construction:
Residential	—		—		269,616		269,616		—		—		—		—		269,616
Commercial	—		—		1,063,781		1,063,781		—		—		—		—		1,063,781
Total real estate – construction	—		—		1,333,397		1,333,397		—		—		—		—		1,333,397
Real estate – 1-4 family mortgage:
Primary	33,679		—		2,344,629		2,378,308		9,454		19,394		15,326		44,174		2,422,482
Home equity	3,004		—		516,835		519,839		987		868		994		2,849		522,688
Rental/investment	9		58		371,508		371,575		43		1,786		351		2,180		373,755
Land development	206		—		120,769		120,975		—		19		—		19		120,994
Total real estate – 1-4 family mortgage	36,898		58		3,353,741		3,390,697		10,484		22,067		16,671		49,222		3,439,919
Real estate – commercial mortgage:
Owner-occupied	4,867		—		1,640,721		1,645,588		131		1,904		1,338		3,373		1,648,961
Non-owner occupied	9,161		—		3,714,239		3,723,400		6,740		—		3,034		9,774		3,733,174
Land development	90		—		104,025		104,115		—		259		41		300		104,415
Total real estate – commercial mortgage	14,118		—		5,458,985		5,473,103		6,871		2,163		4,413		13,447		5,486,550
Installment loans to individuals	1,230		13		101,932		103,175		13		4		331		348		103,523
Unearned income	—		—		(6,787)		(6,787)		—		—		—		—		(6,787)
Loans, net of unearned income	$	54,031	$	554	$	12,227,829	$	12,282,414	$	18,678	$	25,530	$	24,608	$	68,816	$	12,351,230

Certain Modifications to Borrowers Experiencing Financial Difficulty

Certain modifications of loans made to borrowers experiencing financial difficulty in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay (including extension of the amortization period), or a term extension, excluding covenant waivers and modification of contingent acceleration clauses, are required to be disclosed in accordance with ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”). All modifications for the three and nine months ended September 30, 2024 and 2023 and which met the disclosure criteria in ASU 2022-02 were performing in accordance with their modified terms at September 30, 2024 and 2023, respectively. Unused commitments totaled $464 at September 30, 2024. There were $721 in unused commitments at September 30, 2023. Upon the Company’s determination that a modification has been subsequently deemed uncollectible, the loan, or portion of the loan, is charged off, the amortized cost basis of the loan is reduced by the uncollectible amount, and the allowance for credit losses is adjusted accordingly. See Note 4, “Allowance for Credit Losses,” for more information on the allowance for credit losses.

The following tables present the amortized cost basis of loans that were experiencing financial difficulty, modified during the three and nine months ended September 30, 2024 and the nine months ended September 30, 2023, and required to be disclosed under ASU 2022-02, by class of financing receivable and by type of modification. There were no modifications for the three months ended September 30, 2023. The percentage of the amortized cost basis for each class of disclosed modifications as compared to the amortized cost basis of each class of loans is also presented below.

	Three Months Ended September 30, 2024
	Term Extension		Payment Delay		Interest Rate Reduction and Payment Delay		Interest Rate Reduction, Term Extension and Payment Delay		Total		% Total Loans by Class
Commercial, financial, agricultural	$	—	$	53	$	—	$	—	$	53	—	%
Real estate – construction:
Residential	—		—		—		—		—		—
Real estate – 1-4 family mortgage:
Primary	23		1,620		206		—		1,849		0.08
Home equity	106		—		—		—		106		0.02
Rental/investment	36		548		—		—		584		0.15
Total real estate – 1-4 family mortgage	165		2,168		206		—		2,539		0.07
Real estate – commercial mortgage:
Owner-occupied	1,086		206		—		—		1,292		0.07
Installment loans to individuals	—		—		—		3		3		—
Loans, net of unearned income	$	1,251	$	2,427	$	206	$	3	$	3,887	0.03	%

	Nine Months Ended September 30, 2024
	Interest Rate Reduction		Term Extension		Payment Delay		Term Extension and Payment Delay		Interest Rate Reduction and Term Extension		Interest Rate Reduction, Term Extension and Payment Delay		Interest Rate Reduction and Payment Delay		Total		% Total Loans by Class
Commercial, financial, agricultural	$	1,097	$	69	$	53	$	—	$	—	$	125	$	—	$	1,344	0.07	%
Real estate – construction:
Residential	—		—		—		—		—		—		—		—		—	%
Real estate – 1-4 family mortgage:
Primary	—		56		1,806		442		—		—		206		2,510		0.10
Home equity	—		106		—		—		—		—		—		106		0.02
Rental/investment	—		36		548		—		—		—		—		584		0.15
Total real estate – 1-4 family mortgage	—		198		2,354		442		—		—		206		3,200		0.09
Real estate – commercial mortgage:
Owner-occupied	6,946		1,266		206		—		255		—		—		8,673		0.47
Non-owner occupied	—		2,431		83		—		—		—		—		2,514		0.06
Total real estate – commercial mortgage	6,946		3,697		289		—		255		—		—		11,187		0.19
Installment loans to individuals	—		—		13		—		—		3		—		16		0.02
Loans, net of unearned income	$	8,043	$	3,964	$	2,709	$	442	$	255	$	128	$	206	$	15,747	0.12	%

	Nine Months Ended September 30, 2023
	Interest Rate Reduction		Term Extension		Payment Delay		Total		% Total Loans by Class
Commercial, financial, agricultural	$	—	$	1,209	$	—	$	1,209	0.07	%
Real estate – construction:
Residential	—		3,751		—		3,751		1.25
Real estate – 1-4 family mortgage:
Home equity	7		—		—		7		—
Real estate – commercial mortgage:
Owner-occupied	149		96		277		522		0.03
Non-owner occupied	1,008		—		—		1,008		0.03
Total real estate – commercial mortgage	1,157		96		277		1,530		0.03	%
Loans, net of unearned income	$	1,164	$	5,056	$	277	$	6,497	0.05	%

The following tables present the weighted average financial effect of loan modifications requiring disclosure under ASU 2022-02 by class of financing receivable for the periods presented.

Three months ended September 30, 2024
Loan Type	Financial Effect
Term Extension
Real estate – 1-4 family mortgage - Primary	Extended the term 90 months
Real estate – 1-4 family mortgage - Home Equity	Extended the term 16 months
Real estate – 1-4 family mortgage - Rental/investment	Extended the term 6 months
Real Estate - Commercial Mortgage - Owner Occupied	Extended the term 8 months
Payment Delay
Commercial, financial, agricultural	Delayed the payment 8 months
Real estate – 1-4 family mortgage - Primary	Delayed the payment 19 months
Real estate – 1-4 family mortgage - Rental/investment	Delayed the payment 131 months
Real Estate - Commercial Mortgage - Owner Occupied	Delayed the payment 40 months
Combination - Interest Rate Reduction and Payment Delay
Real estate – 1-4 family mortgage - Primary	Reduced the interest rate 25 basis points and delayed the payment 51 months
Combination - Interest Rate Reduction, Term Extension and Payment Delay
Installment loans to individuals	Reduced the interest rate 460 basis points and extended the term and delayed the payment 54 months

Nine months ended September 30, 2024
Loan Type	Financial Effect
Interest Rate Reduction
Commercial, financial, agricultural	Reduced the interest rate 39 basis points
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 47 basis points
Term Extension
Commercial, financial, agricultural	Extended the term 8 months
Real estate – 1-4 family mortgage - Primary	Extended the term 51 months
Real estate – 1-4 family mortgage - Home Equity	Extended the term 16 months
Real estate – 1-4 family mortgage - Rental/investment	Extended the term 6 months
Real Estate - Commercial Mortgage - Owner Occupied	Extended the term 8 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Extended the term 8 months
Payment Delay
Commercial, financial, agricultural	Delayed the payment 8 months
Real estate – 1-4 family mortgage - Primary	Delayed the payment 22 months
Real estate – 1-4 family mortgage - Rental/investment	Delayed the payment 131 months
Real Estate - Commercial Mortgage - Owner Occupied	Delayed the payment 40 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Delayed the payment 9 months
Installment loans to individuals	Delayed the payment 17 months
Combination - Term Extension and Payment Delay
Commercial, financial, agricultural	Extended the term and delayed the payment 42 months
Installment loans to individuals	Extended the term and delayed the payment 61 months
Combination - Interest Rate Reduction and Term Extension
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 275 basis points and extended the term 21 months
Combination - Interest Rate Reduction and Payment Delay
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 25 basis points and delayed the payment 51 months
Combination - Interest Rate Reduction, Term Extension and Payment Delay
Commercial, financial, agricultural	Reduced the interest rate 181 basis points and extended the term and delayed the payment 59 months
Installment loans to individuals	Reduced the interest rate 460 basis points and extended the term and delayed the payment 54 months

Nine months ended September 30, 2023
Loan Type	Financial Effect
Interest Rate Reduction
Real estate – 1-4 family mortgage - Home Equity	Reduced the interest rate 300 basis points
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 68 basis points
Real Estate - Commercial Mortgage - Non-owner Occupied	Reduced the interest rate 12 basis points
Term Extension
Commercial, financial, agricultural	Extended the term 2 months
Real estate – Construction - Residential	Extended the term 5 months
Real Estate - Commercial Mortgage - Owner Occupied	Extended the term 8 months
Payment Delay
Real Estate - Commercial Mortgage - Owner Occupied	Delayed the payment 3 months

Credit Quality

For loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration and loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 10 and 95, with 10 being loans with the least credit risk. Loans within the “Pass” grade (those with a risk rating between 10 and 60) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating of 70) represents a loan where a significant adverse risk-modifying action is anticipated in the near term that, if left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Substandard” grade (those with a risk rating between 80 and 95) generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances.

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
September 30, 2024
Commercial, Financial, Agricultural	$	169,011	$	245,027	$	242,343	$	120,226	$	81,822	$	72,830	$	861,207	$	7,519	$	1,799,985
Pass	163,622		242,583		227,798		119,696		80,650		68,705		837,371		2,878		1,743,303
Special Mention	311		1,905		163		242		766		394		16,290		—		20,071
Substandard	5,078		539		14,382		288		406		3,731		7,546		4,641		36,611
Lease Financing Receivables	$	11,869	$	26,194	$	42,225	$	9,702	$	4,221	$	3,948	$	—	$	—	$	98,159
Pass	11,869		24,236		36,482		9,494		2,911		3,592		—		—		88,584
Special Mention	—		1,638		5,075		208		1,310		356		—		—		8,587
Substandard	—		320		668		—		—		—		—		—		988
Real Estate - Construction	$	248,163	$	225,018	$	578,234	$	50,368	$	—	$	355	$	19,743	$	—	$	1,121,881
Residential	141,680		36,481		1,619		—		—		355		1,264		—		181,399
Pass	139,320		35,554		1,378		—		—		355		1,264		—		177,871
Special Mention	2,360		—		—		—		—		—		—		—		2,360
Substandard	—		927		241		—		—		—		—		—		1,168
Commercial	106,483		188,537		576,615		50,368		—		—		18,479		—		940,482
Pass	106,483		176,223		551,568		50,368		—		—		18,479		—		903,121
Special Mention	—		12,314		25,047		—		—		—		—		—		37,361
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	121,751	$	118,893	$	134,553	$	72,236	$	36,236	$	32,963	$	33,958	$	1,625	$	552,215
Primary	6,563		5,954		7,817		4,397		2,754		6,883		1,133		826		36,327
Pass	6,563		5,714		7,650		4,016		2,754		6,212		1,133		826		34,868
Special Mention	—		—		—		—		—		22		—		—		22
Substandard	—		240		167		381		—		649		—		—		1,437
Home Equity	—		1,019		10		952		—		41		29,106		176		31,304
Pass	—		1,019		10		952		—		—		28,910		176		31,067
Special Mention	—		—		—		—		—		—		196		—		196
Substandard	—		—		—		—		—		41		—		—		41
Rental/Investment	64,721		86,085		115,122		64,506		33,144		23,468		2,043		623		389,712
Pass	64,538		85,783		114,977		64,176		32,492		22,774		2,043		532		387,315
Special Mention	41		58		45		—		28		—		—		—		172
Substandard	142		244		100		330		624		694		—		91		2,225
Land Development	50,467		25,835		11,604		2,381		338		2,571		1,676		—		94,872
Pass	50,366		25,835		10,935		2,381		338		2,571		1,676		—		94,102

	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	101		—		669		—		—		—		—		—		770
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	726,397	$	714,248	$	1,646,532	$	1,072,648	$	651,594	$	901,046	$	227,711	$	43,122	$	5,983,298
Owner-Occupied	266,261		270,115		358,245		294,918		198,790		340,790		113,477		3,070		1,845,666
Pass	260,485		262,019		345,552		293,087		196,996		334,473		113,477		2,815		1,808,904
Special Mention	5,641		4,723		7,121		1,156		135		2,865		—		—		21,641
Substandard	135		3,373		5,572		675		1,659		3,452		—		255		15,121
Non-Owner Occupied	429,400		432,159		1,264,254		767,551		449,641		554,679		108,085		39,875		4,045,644
Pass	429,285		430,887		1,196,381		760,711		445,962		471,557		108,085		31,808		3,874,676
Special Mention	—		1,272		54,807		5,471		1,149		9,655		—		—		72,354
Substandard	115		—		13,066		1,369		2,530		73,467		—		8,067		98,614
Land Development	30,736		11,974		24,033		10,179		3,163		5,577		6,149		177		91,988
Pass	30,669		11,929		20,495		9,968		3,032		5,538		6,149		177		87,957
Special Mention	67		24		146		33		—		—		—		—		270
Substandard	—		21		3,392		178		131		39		—		—		3,761
Installment loans to individuals	$	7	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	7
Pass	7		—		—		—		—		—		—		—		7
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	1,277,198	$	1,329,380	$	2,643,887	$	1,325,180	$	773,873	$	1,011,142	$	1,142,619	$	52,266	$	9,555,545
Pass	1,263,207		1,301,782		2,513,226		1,314,849		765,135		915,777		1,118,587		39,212		9,231,775
Special Mention	8,521		21,934		93,073		7,110		3,388		13,292		16,486		—		163,804
Substandard	5,470		5,664		37,588		3,221		5,350		82,073		7,546		13,054		159,966

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2023
Commercial, Financial, Agricultural	$	312,902	$	289,264	$	162,535	$	98,894	$	51,162	$	38,518	$	883,302	$	19,440	$	1,856,017
Pass	311,312		288,249		161,902		97,771		50,936		32,169		870,792		19,338		1,832,469
Special Mention	893		364		10		294		—		291		914		63		2,829
Substandard	697		651		623		829		226		6,058		11,596		39		20,719
Lease Financing Receivables	$	32,842	$	49,628	$	12,317	$	13,553	$	5,969	$	1,700	$	—	$	—	$	116,009
Pass	32,842		47,050		12,317		11,735		5,443		1,395		—		—		110,782
Watch	—		2,578		—		1,818		526		305		—		—		5,227
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	320,889	$	581,201	$	308,442	$	16,066	$	—	$	1,823	$	1,225	$	—	$	1,229,646
Residential	149,399		12,883		1,989		—		—		369		1,225		—		165,865
Pass	146,535		10,147		1,989		—		—		369		1,225		—		160,265
Special Mention	2,415		—		—		—		—		—		—		—		2,415
Substandard	449		2,736		—		—		—		—		—		—		3,185
Commercial	171,490		568,318		306,453		16,066		—		1,454		—		—		1,063,781
Pass	142,917		568,318		306,453		16,066		—		1,454		—		—		1,035,208

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	28,573		—		—		—		—		—		—		—		28,573
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	145,568	$	176,724	$	100,757	$	41,542	$	19,753	$	30,783	$	30,889	$	1,834	$	547,850
Primary	8,512		8,729		6,194		3,943		1,792		8,573		3,272		915		41,930
Pass	8,134		8,511		5,859		3,943		1,781		8,140		3,272		915		40,555
Special Mention	183		—		—		—		—		34		—		—		217
Substandard	195		218		335		—		11		399		—		—		1,158
Home Equity	1,107		10		996		—		—		16		20,628		74		22,831
Pass	1,107		10		996		—		—		1		20,628		—		22,742
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		15		—		74		89
Rental/Investment	89,760		129,241		75,457		37,171		17,817		18,721		4,678		845		373,690
Pass	89,135		128,939		74,330		35,388		16,670		18,109		4,678		583		367,832
Special Mention	63		47		256		4		50		42		—		—		462
Substandard	562		255		871		1,779		1,097		570		—		262		5,396
Land Development	46,189		38,744		18,110		428		144		3,473		2,311		—		109,399
Pass	46,151		38,744		18,110		409		144		3,372		2,311		—		109,241
Special Mention	—		—		—		—		—		101		—		—		101
Substandard	38		—		—		19		—		—		—		—		57
Real Estate - Commercial Mortgage	$	716,844	$	1,572,099	$	1,111,564	$	717,571	$	429,783	$	723,344	$	176,617	$	26,252	$	5,474,074
Owner-Occupied	264,589		336,491		321,491		214,365		164,931		283,517		60,200		3,247		1,648,831
Pass	260,831		325,575		318,391		212,368		159,552		275,088		56,453		2,977		1,611,235
Special Mention	562		1,147		890		107		3,385		2,953		25		—		9,069
Substandard	3,196		9,769		2,210		1,890		1,994		5,476		3,722		270		28,527
Non-Owner Occupied	432,769		1,195,500		776,264		499,290		260,355		434,541		111,609		22,821		3,733,149
Pass	428,740		1,194,864		761,476		494,971		223,264		398,188		111,609		13,774		3,626,886
Special Mention	1,339		454		14,422		4,111		14,001		12,677		—		—		47,004
Substandard	2,690		182		366		208		23,090		23,676		—		9,047		59,259
Land Development	19,486		40,108		13,809		3,916		4,497		5,286		4,808		184		92,094
Pass	18,996		36,479		13,567		3,775		4,479		5,046		4,776		184		87,302
Special Mention	432		3,334		36		—		—		—		—		—		3,802
Substandard	58		295		206		141		18		240		32		—		990
Installment loans to individuals	$	—	$	—	$	—	$	—	$	3	$	—	$	—	$	—	$	3
Pass	—		—		—		—		3		—		—		—		3
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	1,529,045	$	2,668,916	$	1,695,615	$	887,626	$	506,670	$	796,168	$	1,092,033	$	47,526	$	9,223,599
Pass	1,486,700		2,646,886		1,675,390		876,426		462,272		743,331		1,075,744		37,771		9,004,520
Special Mention	34,460		7,924		15,614		6,334		17,962		16,403		939		63		99,699
Substandard	7,885		14,106		4,611		4,866		26,436		36,434		15,350		9,692		119,380

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
September 30, 2024
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	4,976	$	—	$	—	$	4,976
Performing Loans	—		—		—		—		—		4,976		—		—		4,976
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	21,699	$	33,062	$	14,302	$	7,882	$	—	$	—	$	6	$	6	$	76,957
Residential	21,699		33,062		14,302		7,882		—		—		6		6		76,957
Performing Loans	21,560		33,062		14,302		7,882		—		—		6		6		76,818
Non-Performing Loans	139		—		—		—		—		—		—		—		139
Commercial	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	109,075	$	343,841	$	720,081	$	500,107	$	288,465	$	419,693	$	493,820	$	12,741	$	2,887,823
Primary	107,560		341,372		718,634		498,299		287,735		419,085		—		900		2,373,585
Performing Loans	107,526		337,695		704,371		491,964		278,247		398,518		—		900		2,319,221
Non-Performing Loans	34		3,677		14,263		6,335		9,488		20,567		—		—		54,364
Home Equity	—		—		—		—		—		407		493,820		11,841		506,068
Performing Loans	—		—		—		—		—		402		493,672		8,697		502,771
Non-Performing Loans	—		—		—		—		—		5		148		3,144		3,297
Rental/Investment	—		—		—		258		—		59		—		—		317
Performing Loans	—		—		—		258		—		59		—		—		317
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	1,515		2,469		1,447		1,550		730		142		—		—		7,853
Performing Loans	1,515		2,457		1,447		1,540		730		142		—		—		7,831
Non-Performing Loans	—		12		—		10		—		—		—		—		22
Real Estate - Commercial Mortgage	$	2,400	$	2,615	$	1,965	$	2,663	$	1,637	$	574	$	—	$	—	$	11,854
Owner-Occupied	—		—		—		—		123		2		—		—		125
Performing Loans	—		—		—		—		123		2		—		—		125
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	—		—		—		—		22		—		—		—		22
Performing Loans	—		—		—		—		22		—		—		—		22
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	2,400		2,615		1,965		2,663		1,492		572		—		—		11,707
Performing Loans	2,400		2,615		1,852		2,663		1,491		572		—		—		11,593
Non-Performing Loans	—		—		113		—		1		—		—		—		114
Installment loans to individuals	$	27,812	$	14,761	$	9,498	$	4,397	$	1,607	$	19,116	$	13,195	$	107	$	90,493
Performing Loans	27,758		14,726		9,463		4,384		1,607		19,040		13,175		107		90,260
Non-Performing Loans	54		35		35		13		—		76		20		—		233
Total loans not subject to risk rating	$	160,986	$	394,279	$	745,846	$	515,049	$	291,709	$	444,359	$	507,021	$	12,854	$	3,072,103
Performing Loans	160,759		390,555		731,435		508,691		282,220		423,711		506,853		9,710		3,013,934
Non-Performing Loans	227		3,724		14,411		6,358		9,489		20,648		168		3,144		58,169

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2023
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	15,804	$	—	$	—	$	15,804
Performing Loans	—		—		—		—		—		15,804		—		—		15,804
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	—	$	—	$	—	$	—	$	—	$	11	$	—	$	—	$	11
Performing Loans	—		—		—		—		—		11		—		—		11
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	48,003	$	41,070	$	14,158	$	—	$	—	$	—	$	490	$	30	$	103,751
Residential	48,003		41,070		14,158		—		—		—		490		30		103,751
Performing Loans	48,003		41,070		14,158		—		—		—		490		30		103,751
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	339,406	$	731,088	$	536,544	$	312,015	$	133,852	$	339,842	$	493,515	$	5,807	$	2,892,069
Primary	334,103		727,993		534,667		311,199		133,433		339,111		—		46		2,380,552
Performing Loans	333,751		720,759		528,383		302,065		128,859		322,677		—		46		2,336,540
Non-Performing Loans	352		7,234		6,284		9,134		4,574		16,434		—		—		44,012
Home Equity	—		—		111		—		—		470		493,515		5,761		499,857
Performing Loans	—		—		111		—		—		466		491,849		4,584		497,010
Non-Performing Loans	—		—		—		—		—		4		1,666		1,177		2,847
Rental/Investment	—		—		—		—		—		65		—		—		65
Performing Loans	—		—		—		—		—		65		—		—		65
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	5,303		3,095		1,766		816		419		196		—		—		11,595
Performing Loans	5,303		3,095		1,766		816		419		196		—		—		11,595
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	3,640	$	2,674	$	3,054	$	1,890	$	902	$	316	$	—	$	—	$	12,476
Owner-Occupied	—		—		—		126		—		4		—		—		130
Performing Loans	—		—		—		126		—		4		—		—		130
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	—		—		—		25		—		—		—		—		25
Performing Loans	—		—		—		25		—		—		—		—		25
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	3,640		2,674		3,054		1,739		902		312		—		—		12,321
Performing Loans	3,640		2,383		3,054		1,736		902		312		—		—		12,027
Non-Performing Loans	—		291		—		3		—		—		—		—		294
Installment loans to individuals	$	35,274	$	17,322	$	7,121	$	2,827	$	9,786	$	17,276	$	13,769	$	145	$	103,520
Performing Loans	35,112		17,229		7,121		2,824		9,754		17,206		13,769		145		103,160
Non-Performing Loans	162		93		—		3		32		70		—		—		360
Total loans not subject to risk rating	$	426,323	$	792,154	$	560,877	$	316,732	$	144,540	$	373,249	$	507,774	$	5,982	$	3,127,631
Performing Loans	425,809		784,536		554,593		307,592		139,934		356,741		506,108		4,805		3,080,118
Non-Performing Loans	514		7,618		6,284		9,140		4,606		16,508		1,666		1,177		47,513

The following tables disclose gross charge-offs by year of origination for the nine months ended September 30, 2024 and year ended December 31, 2023, respectively:

September 30, 2024	2024		2023		2022		2021		2020		Prior		Revolving Loans		Total Charge-offs
Commercial, financial, agricultural	$	—	$	33	$	152	$	34	$	4	$	251	$	408	$	882
Lease financing	—		336		306		—		—		—		—		642
Real estate – 1-4 family mortgage:
Primary	—		12		137		35		110		83		—		377
Home equity	—		—		49		—		—		75		—		124
Rental/investment	—		—		—		—		—		45		—		45
Total real estate – 1-4 family mortgage	—		12		186		35		110		203		—		546
Real estate – commercial mortgage:
Owner-occupied	—		—		37		—		—		—		—		37
Non-owner occupied	—		—		—		—		—		5,693		—		5,693
Land development	—		—		—		—		—		7		—		7
Total real estate – commercial mortgage	—		—		37		—		—		5,700		—		5,737
Installment loans to individuals	6		73		63		6		1		1,229		1		1,379
Loans, net of unearned income	$	6	$	454	$	744	$	75	$	115	$	7,383	$	409	$	9,186

December 31, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans		Total Charge-offs
Commercial, financial, agricultural	$	898	$	1,909	$	235	$	131	$	635	$	4,165	$	865	$	8,838
Lease financing	883		273		248		72		48		—		—		1,524
Real estate – construction:
Residential	—		57		—		—		—		—		—		57
Real estate – 1-4 family mortgage:
Primary	—		17		—		—		—		92		—		109
Home equity	—		—		—		—		25		90		—		115
Rental/investment	—		—		91		72		10		20		—		193
Total real estate – 1-4 family mortgage	—		17		91		72		35		202		—		417
Real estate – commercial mortgage:
Owner-occupied	—		—		—		—		—		582		—		582
Non-owner occupied	—		—		—		—		—		4,986		—		4,986
Total real estate – commercial mortgage	—		—		—		—		—		5,568		—		5,568
Installment loans to individuals	29		45		43		35		7		2,477		—		2,636
Loans, net of unearned income	$	1,810	$	2,301	$	617	$	310	$	725	$	12,412	$	865	$	19,040