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Loans (Tables)
 9 Months Ended
Sep. 30, 2023
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of related aging categories of loans by segment
The following table presents the related aging categories of loans, by class, as of September 30, 2023 and December 31, 2022:
 September 30, 2023
 Past DuePast Due 90
 30 To 89Past Due 90Days Or More
(In Thousands)DaysDays Or MoreCurrent& Still AccruingTotal
Commercial, financial, and agricultural$255 $33 $211,185 $8 $211,473 
Real estate mortgage: 
Residential5,013 1,151 767,618 1,434 773,782 
Commercial775 92 524,799 59 525,666 
Construction472 32 55,329 — 55,833 
Consumer automobile loans1,121 144 238,503 141 239,768 
Other consumer installment loans157 4 10,660 36 10,821 
 $7,793 $1,456 $1,808,094 $1,678 $1,817,343 
Net deferred loan fees and discounts 1,118 
Allowance for credit losses (12,890)
Loans, net $1,805,571 
 December 31, 2022
 Past DuePast Due 90  
 30 To 89Days Or MoreNon- 
(In Thousands)Days& Still AccruingAccrualCurrentTotal
Commercial, financial, and agricultural$94 $— $432 $189,935 $190,461 
Real estate mortgage:     
Residential5,472 1,120 524 701,093 708,209 
Commercial2,564 60 2,659 495,349 500,632 
Construction511 — — 42,797 43,308 
Consumer automobile loans2,089 80 — 183,943 186,112 
Other consumer installment loans152 15 — 10,194 10,361 
 $10,882 $1,275 $3,615 $1,623,311 1,639,083 
Net deferred loan fees and discounts   648 
Allowance for loan losses   (15,637)
Loans, net   $1,624,094 
Schedule of components of and activity in the allowance The following table presents the components of the ACL as of September 30, 2023:
September 30,
(In Thousands)2023
ACL - loans$12,890 
ACL - off balance sheet credit exposure1,240 
Total ACL$14,130 
Activity in the allowance is presented for the three and nine months ended September 30, 2023 and 2022:

 Three Months Ended September 30, 2023
 Commercial, Financial, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$3,019 $1,078 $4,191 $178 $2,446 $680 $— $11,592 
Charge-offs— — — — (130)(86)— (216)
Recoveries106 22 1 — 27 27 — 183 
Provision788 68 131 20 241 83 — 1,331 
Ending Balance$3,913 $1,168 $4,323 $198 $2,584 $704 $— $12,890 
 Three Months Ended September 30, 2022
 Commercial, Financial, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$2,108 $4,818 $5,395 $199 $1,307 $110 $456 $14,393 
Charge-offs(18)— — — (57)(85)— (160)
Recoveries93 1 1 — 10 18 — 123 
Provision(114)376 140 11 325 75 42 855 
Ending Balance$2,069 $5,195 $5,536 $210 $1,585 $118 $498 $15,211 

 
tNine Months Ended September 30, 2023
 Commercial, Financial, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$1,914 $5,061 $6,110 $188 $1,617 $109 $638 $15,637 
Impact of adopting ASC 3262,656 (3,893)(2,660)(96)240 602 (638)(3,789)
Charge-offs— (81)(62)— (507)(283)— (933)
Recoveries1,067 25 26 — 66 65 — 1,249 
Provision(1,724)56 909 106 1,168 211 — 726 
Ending Balance$3,913 $1,168 $4,323 $198 $2,584 $704 $— $12,890 
 Nine Months Ended September 30, 2022
 Commercial, Financial, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$1,946 $4,701 $5,336 $179 $1,411 $111 $492 $14,176 
Charge-offs(18)(15)(155)— (234)(188)— (610)
Recoveries138 46 3 28 32 63 — 310 
Provision3 463 352 3 376 132 6 1,335 
Ending Balance$2,069 $5,195 $5,536 $210 $1,585 $118 $498 $15,211 
Schedule of non-accrual loans
Non-Accrual Loans
 September 30, 2023December 31, 2022
 Non-accrual Loans
(In Thousands)With a Related ACLWithout a Related ACLTotalTotal Non-accrual loans
Commercial, financial, and agricultural$— $543 $543 $432 
Real estate mortgage:
Residential24 265 289 524 
Commercial947 226 1,173 2,659 
Construction— — — — 
Consumer automobile— — — — 
Other consumer installment loans— — — — 
$971 $1,034 $2,005 $3,615 
Schedule of recorded investment, unpaid principal balance, and related allowance of impaired loans by segment
The following table presents the recorded investment, unpaid principal balance, and related allowance of impaired loans by segment as of December 31, 2022:
 December 31, 2022
 RecordedUnpaid PrincipalRelated
(In Thousands)InvestmentBalanceAllowance
With no related allowance recorded:  
Commercial, financial, and agricultural$295 $295 $— 
Real estate mortgage:   
Residential3,388 3,388 — 
Commercial2,588 2,588 — 
Construction— — — 
Consumer automobile loans— — — 
Installment loans to individuals— — — 
 6,271 6,271 — 
With an allowance recorded:   
Commercial, financial, and agricultural403 403 4 
Real estate mortgage:   
Residential933 933 111 
Commercial3,607 3,607 827 
Construction— — — 
Consumer automobile loans— — — 
Installment loans to individuals19 — 19 
 4,962 4,943 961 
Total:   
Commercial, financial, and agricultural698 698 4 
Real estate mortgage:   
Residential4,321 4,321 111 
Commercial6,195 6,195 827 
Construction— — — 
Consumer automobile loans— — — 
Installment loans to individuals19 — 19 
 $11,233 $11,214 $961 
Schedule of collateral dependent loans
The following table presents outstanding loan balances of collateral-dependent loans by class as of September 30, 2023:

(In Thousands)Real estateUnsecured*Total
Real estate mortgage:
Residential$238 $— $238 
Commercial92 332 424 
Total$330 $332 $662 
* Loan considered unsecured due to lien position on property
Schedule of average recorded investment in impaired loans and related interest income recognized
The following table presents the average recorded investment in impaired loans and related interest income recognized for the three and nine months ended September 30, 2022:
 Three Months Ended September 30,
 2022
(In Thousands)Average
Investment in
Impaired Loans		Interest Income
Recognized on an
Accrual Basis on
Impaired Loans		Interest Income
Recognized on a
Cash Basis on
Impaired Loans
Commercial, financial, and agricultural$711 $5 $— 
Real estate mortgage:   
Residential4,586 47 — 
Commercial7,227 50 — 
Construction— — — 
Consumer automobile7 — — 
Other consumer installment loans10 — — 
 $12,541 $102 $— 
 Nine Months Ended September 30,
 2022
(In Thousands)Average
Investment in
Impaired Loans		Interest Income
Recognized on an
Accrual Basis on
Impaired Loans		Interest Income
Recognized on a
Cash Basis on
Impaired Loans
Commercial, financial, and agricultural$782 $15 $— 
Real estate mortgage:   
Residential4,765 141 — 
Commercial7,492 151 — 
Construction42 1 — 
Consumer automobile3 1 — 
Other consumer installment loans15 — — 
$13,099 $309 $— 
Schedule of credit quality categories
The following table presents the credit quality categories identified above as of September 30, 2023 and December 31, 2022:
September 30, 2023
(In Thousands)20232022202120202019PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial, financial, and agricultural
Pass$34,288 $53,560 $42,363 $33,239 $9,224 $6,756 $29,212 $114 $208,756 
Special Mention— 201 42 — — 168 223 — 634 
Substandard or Lower— — — 85 — 755 490 753 2,083 
$34,288 $53,761 $42,405 $33,324 $9,224 $7,679 $29,925 $867 $211,473 
 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Real estate mortgage:
Residential
Pass$117,468 $218,678 $120,137 $70,364 $45,930 $17,038 $51,814 $129,802 $771,231 
Special Mention— 409 274 — — — — — 683 
Substandard or Lower— — — — — 1,798 — 70 1,868 
$117,468 $219,087 $120,411 $70,364 $45,930 $18,836 $51,814 $129,872 $773,782 
Current period gross write offs$— $— $— $— $— $9 $72 $— $81 
Commercial
Pass$43,594 $105,217 $134,960 $50,535 $25,913 $147,471 $10,827 $691 $519,208 
Special Mention— — 1,065 — — 48 — — 1,113 
Substandard or Lower— — — — 63 5,282 — — 5,345 
$43,594 $105,217 $136,025 $50,535 $25,976 $152,801 $10,827 $691 $525,666 
Current period gross write offs$59 $— $— $— $— $3 $— $— $62 
Construction
Pass$21,093 $13,072 $15,045 $1,417 $402 $4,452 $261 $— $55,742 
Special Mention— — — — — — — — — 
Substandard or Lower— — — — — 91 — — 91
$21,093 $13,072 $15,045 $1,417 $402 $4,543 $261 $— $55,833 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Consumer Automobile
Pass$101,214 $85,276 $21,969 $17,486 $8,716 $5,107 $— $— $239,768 
Special Mention— — — — — — — — — 
Substandard or Lower— — — — — — — — — 
$101,214 $85,276 $21,969 $17,486 $8,716 $5,107 $— $— $239,768 
Current period gross write offs$— $247 $136 $112 $6 $7 $— $— $508 
Installment loans to individuals
Pass$2,609 $2,406 $1,291 $558 $427 $3,486 $— $44 $10,821 
Special Mention— — — — — — — — — 
Substandard or Lower— — — — — — — — — 
$2,609 $2,406 $1,291 $558 $427 $3,486 $— $44 $10,821 
Current period gross write offs$179 $28 $20 $6 $6 $19 $13 $11 $282 
The information presented in the table above is not required for periods prior to the adoption of CECL. The following table presents the most comparable required information for the prior period, internal credit ratings for the report loan segments as of December 31, 2022:
 December 31, 2022
 Commercial, Financial, and AgriculturalReal Estate MortgagesConsumer automobile Other consumer installment loans 
(In Thousands)ResidentialCommercialConstructionTotals
Pass$184,783 $705,515 $488,993 $43,209 $186,112 $10,361 $1,618,973 
Special Mention125 266 4,526 — — — 4,917 
Substandard5,553 2,428 7,113 99 — — 15,193 
 $190,461 $708,209 $500,632 $43,308 $186,112 $10,361 $1,639,083 
Schedule of concentration of loan
The Company has a concentration of the following to gross loans at September 30, 2023 and 2022: 
 September 30,
 20232022
Owners of residential rental properties18.99 %19.95 %
Owners of commercial rental properties14.62 %16.09 %
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of December 31, 2022:
 December 31, 2022
 Commercial, Financial, and AgriculturalReal Estate MortgagesConsumer AutomobileOther consumer installmentUnallocated 
(In Thousands)ResidentialCommercialConstructionTotals
Allowance for Loan Losses:       
Ending allowance balance attributable to loans:       
Individually evaluated for impairment$4 $111 $827 $— $— $19 $— $961 
Collectively evaluated for impairment1,910 4,950 5,283 188 1,617 90 638 14,676 
Total ending allowance balance$1,914 $5,061 $6,110 $188 $1,617 $109 $638 $15,637 
Loans:       
Individually evaluated for impairment$698 $4,321 $6,195 $— $— $19  $11,233 
Collectively evaluated for impairment189,763 703,888 494,437 43,308 186,112 10,342  1,627,850 
Total ending loans balance$190,461 $708,209 $500,632 $43,308 $186,112 $10,361  $1,639,083