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LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2023 and 2022:
 2023
(In Thousands)Past Due
30 To 89
Days		Past Due 90
Days Or More		CurrentTotal
Commercial, financial, and agricultural$749 $587 $212,130 $213,466
Real estate mortgage:    
Residential10,158 1,970 786,373 798,501
Commercial1,466 273 529,862 531,601
Construction812 — 39,577 40,389
Consumer automobile loans2,748 307 241,343 244,398
Other consumer installment loans620 11 9,730 10,361
 $16,553 $3,148 $1,819,015 1,838,716
Net deferred loan fees and discounts  1,048
Allowance for credit losses  (11,446)
Loans, net  $1,828,318
 
 2022
(In Thousands)Past Due
30 To 89
Days		Past Due 90
Days Or More		CurrentTotal
Commercial, financial, and agricultural$94 $432 $189,935 $190,461
Real estate mortgage:
Residential5,472 1,644 701,093 708,209
Commercial2,564 2,719 495,349 500,632
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 $4,890 $1,623,311 1,639,083
Net deferred loan fees and discounts648
Allowance for loan losses(15,637)
Loans, net$1,624,094
Schedule of Nonaccrual Loans
Non-Accrual Loans

 December 31, 2023December 31, 2022
 Non-accrual Loans
(In Thousands)With a Related ACLWithout a Related ACLTotalTotal Non-accrual loans
Commercial, financial, and agricultural$— $504 $504 $432 
Real estate mortgage:
Residential21 259 280 524 
Commercial— 214 214 2,659 
Construction— — — — 
Consumer automobile— — — — 
Other consumer installment loans— — — — 
$21 $977 $998 $3,615 
Schedule of Activity in the Allowance
The following table presents the components of the ACL as of December 31, 2023:
December 31,
(In Thousands)2023
ACL - loans$11,446 
ACL - off balance sheet credit exposure1,342 
Total ACL$12,788 
Activity in the allowance is presented for the twelve months ended December 31, 2023, 2022, and 2021:
 2023
 Commercial, Finance, 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(41)(82)(62)— (666)(380)— (1,231)
Recoveries1,538 29 26 — 79 84 — 1,756 
Provision(2,688)85 (62)53 1,398 287 — (927)
Ending Balance$3,379 $1,200 $3,352 $145 $2,668 $702 $— $11,446 
 2022
 Commercial, Finance, 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(21)(21)(154)— (386)(267)— (849)
Recoveries186 47 4 29 58 76 — 400 
Provision(197)334 924 (20)534 189 146 1,910 
Ending Balance$1,914 $5,061 $6,110 $188 $1,617 $109 $638 $15,637 
 2021
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$1,936 $4,460 $3,635 $134 $1,906 $261 $1,471 $13,803 
Charge-offs(37)(219)(14)— (286)(173)— (729)
Recoveries27 112 109 10 143 61 — 462 
Provision20 348 1,606 35 (352)(38)(979)640 
Ending Balance$1,946 $4,701 $5,336 $179 $1,411 $111 $492 $14,176 
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:
 2022
(In Thousands)Recorded InvestmentUnpaid Principal BalanceRelated Allowance
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— — — 
Other consumer installment loans— — — 
 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— — — 
Other consumer installment loans19 — 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— — — 
Other consumer installment loans19 — 19 
 $11,233 $11,214 $961 
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 December 31, 2022 and 2021:
 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$765 $20 $— 
Real estate mortgage:
Residential4,676 192 3 
Commercial7,233 201 26 
Construction34 1 — 
Consumer automobile loans3 1 — 
Other consumer installment loans16 — — 
 $12,727 $415 $29 
 2021
(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$1,345 $13 $— 
Real estate mortgage:
Residential5,530 174 — 
Commercial9,462 122 — 
Construction116 2 — 
Consumer automobile loans30 — — 
Other consumer installment loans12 1 — 
 $16,495 $312 $— 
Schedule of collateral dependent loans
The following table presents outstanding loan balances of collateral-dependent loans by class as of December 31, 2023:

(In Thousands)Real estateUnsecured*Total
Real estate mortgage:
Residential$1,533 $— $1,533 
Commercial88 — 88 
Total$1,621 $— $1,621 
* Loan considered unsecured due to lien position on property
Schedule of Loan Modifications that are Considered TDRs
Loan modifications that are considered TDRs completed during the twelve months ended December 31, 2023, 2022, and 2021 were as follows:
 Year Ended December 31,
 2022
(In Thousands, Except Number of Contracts)Number
of
Contracts		Pre-Modification
Outstanding
Recorded
Investment		Post-Modification
Outstanding
Recorded
Investment
Commercial, financial, and agricultural— $— $— 
Real estate mortgage:
Residential1 220 220 
Commercial— — — 
Construction— — — 
Other consumer installment loans— — — 
Total1 $220 $220 
 Year Ended December 31,
 2021
(In Thousands, Except Number of Contracts)Number
of
Contracts		Pre-Modification
Outstanding
Recorded
Investment		Post-Modification
Outstanding
Recorded
Investment
Commercial, financial, and agricultural1 $949 $949 
Real estate mortgage:
Residential3 1,265 1,265 
Commercial2 842 842 
Construction— — — 
Other consumer installment loans— — — 
Total6 $3,056 $3,056 
Schedule of Credit Quality Categories
The following table presents the credit quality categories identified above as of December 31, 2023 and 2022:
December 31, 2023
(In Thousands)20232022202120202019PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial, financial, and agricultural
Pass$31,190 $49,615 $35,901 $31,980 $3,123 $29,502 $29,397 $101 $210,809 
Special Mention— 183 37 19 — 138 223 — 600 
Substandard or Lower— — — 85 — 742 487 743 2,057 
$31,190 $49,798 $35,938 $32,084 $3,123 $30,382 $30,107 $844 $213,466 
 
Current period gross write offs$— $41 $— $— $— $— $— $— $41 
Real estate mortgage:
Residential
Pass$135,939 $134,077 $88,844 $51,378 $33,914 $148,802 $56,519 $146,055 $795,528 
Special Mention— 844 273 — — — — — 1,117 
Substandard or Lower— — — — — 1,790 — 66 1,856 
$135,939 $134,921 $89,117 $51,378 $33,914 $150,592 $56,519 $146,121 $798,501 
Current period gross write offs$— $— $— $— $— $9 $73 $— $82 
Commercial
Pass$55,664 $107,638 $128,094 $49,603 $24,104 $144,377 $12,338 $821 $522,639 
Special Mention— 153 2,990 — — 1,891 — — 5,034 
Substandard or Lower— — — — 59 3,869 — — 3,928 
$55,664 $107,791 $131,084 $49,603 $24,163 $150,137 $12,338 $821 $531,601 
Current period gross write offs$59 $— $— $— $— $3 $— $— $62 
Construction
Pass$25,494 $6,837 $1,742 $1,302 $392 $4,272 $261 $— $40,300 
Special Mention— — — — — — — — — 
Substandard or Lower— — — — — 89 — — 89
$25,494 $6,837 $1,742 $1,302 $392 $4,361 $261 $— $40,389 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Consumer Automobile
Pass$119,922 $78,443 $19,567 $15,348 $7,305 $3,813 $— $— $244,398 
Special Mention— — — — — — — — — 
Substandard or Lower— — — — — — — — — 
$119,922 $78,443 $19,567 $15,348 $7,305 $3,813 $— $— $244,398 
Current period gross write offs$30 $320 $178 $113 $8 $17 $— $— $666 
Installment loans to individuals
Pass$2,952 $2,188 $1,177 $524 $407 $3,071 $— $42 $10,361 
Special Mention— — — — — — — — — 
Substandard or Lower— — — — — — — — — 
$2,952 $2,188 $1,177 $524 $407 $3,071 $— $42 $10,361 
Current period gross write offs$232 $47 $23 $8 $12 $34 $13 $11 $380 
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:
 2022
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment 
(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 
Total$190,461 $708,209 $500,632 $43,308 $186,112 $10,361 $1,639,083 
Schedule of Concentration of Loan
The Corporation has a concentration of loans at December 31, 2023 and 2022 as follows:
 20232022
Owners of residential rental properties18.74 %19.67 %
Owners of commercial rental properties14.65 %15.63 %
Schedule of Allowance for Loan Losses and the Recorded Investment in Loans by Portfolio Segment and 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 and based on impairment method as of December 31, 2022:

 2022
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installmentUnallocatedTotals
(In Thousands)ResidentialCommercialConstruction
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