XML 46 R33.htm IDEA: XBRL DOCUMENT v3.24.1
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
12 Months Ended
Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES  
Schedule of classes of the loan portfolio summarized by risk rating

(Dollars in thousands)

Real Estate:

2023

2022

2021

2020

2019

Prior

Total

1-6 Pass

$

110,819

$

186,729

$

132,724

$

110,038

$

54,543

$

192,686

$

787,539

7    Special Mention

8    Substandard

86

587

3,661

9,452

9,598

23,384

9    Doubtful

Unearned discount

Net deferred loan fees and costs

130

176

153

116

(13)

8

570

Total Real Estate Loans

$

110,949

$

186,991

$

133,464

$

113,815

$

63,982

$

202,292

$

811,493

Agricultural:

2023

2022

2021

2020

2019

Prior

Total

1-6 Pass

$

$

59

$

$

$

$

611

$

670

7    Special Mention

8    Substandard

9    Doubtful

Unearned discount

Net deferred loan fees and costs

1

1

Total Agricultural Loans

$

$

60

$

$

$

$

611

$

671

Commercial and Industrial:

2023

2022

2021

2020

2019

Prior

Total

1-6 Pass

$

12,672

$

10,186

$

5,776

$

7,439

$

6,833

$

22,927

$

65,833

7    Special Mention

8    Substandard

650

650

9    Doubtful

Unearned discount

Net deferred loan fees and costs

95

83

24

17

208

(1)

426

Total Commercial and
Industrial Loans

$

12,767

$

10,269

$

5,800

$

7,456

$

7,041

$

23,576

$

66,909

Consumer:

2023

2022

2021

2020

2019

Prior

Total

1-6 Pass

$

2,415

$

1,238

$

926

$

206

$

110

$

802

$

5,697

7    Special Mention

58

58

8    Substandard

9    Doubtful

Unearned discount

Net deferred loan fees and costs

38

20

8

2

1

69

Total Consumer Loans

$

2,511

$

1,258

$

934

$

208

$

111

$

802

$

5,824

State and Political Subdivisions:

2023

2022

2021

2020

2019

Prior

Total

1-6 Pass

$

731

$

4,095

$

14,139

$

1,905

$

$

5,303

$

26,173

7    Special Mention

8    Substandard

9    Doubtful

Unearned discount

Net deferred loan fees and costs

2

1

4

1

8

Total State and Political Subdivision Loans

$

733

$

4,096

$

14,143

$

1,906

$

$

5,303

$

26,181

Total Loans:

2023

2022

2021

2020

2019

Prior

Total

1-6 Pass

$

126,637

$

202,307

$

153,565

$

119,588

$

61,486

$

222,329

$

885,912

7    Special Mention

58

58

8    Substandard

86

587

3,661

9,452

10,248

24,034

9    Doubtful

Unearned discount

Net deferred loan fees and costs

265

281

189

136

196

7

1,074

Total Loans

$

126,960

$

202,674

$

154,341

$

123,385

$

71,134

$

232,584

$

911,078

2023

2022

2021

2020

2019

Prior

Total

Gross Charge Offs:

Real Estate

$

$

$

$

$

$

$

Agricultural

Commercial and Industrial

Consumer

2

23

13

2

4

13

57

State and Political Subdivisions

Total Gross Charge Offs

$

2

$

23

$

13

$

2

$

4

$

13

$

57

Commercial and Industrial

Commercial Real Estate

December 31, 

December 31, 

2022

    

2022

Grade:

 

  

 

 

1-6 Pass

$

85,845

$

591,309

7 Special Mention

 

 

634

8 Substandard

 

725

 

18,781

9 Doubtful

 

 

Add (deduct):  Unearned discount

 

 

   Net deferred loan fees and costs

 

429

 

825

Total loans

$

86,999

$

611,549

Residential Real Estate Including Home Equity

Consumer

December 31, 

December 31, 

2022

    

2022

Grade:

 

  

 

 

1-6 Pass

$

153,902

$

5,349

7 Special Mention

 

 

8 Substandard

 

795

 

9 Doubtful

 

 

Add (deduct):  Unearned discount

 

 

   Net deferred loan fees and costs

 

(191)

 

66

Total loans

$

154,506

$

5,415

Total Loans

December 31, 

    

2022

Grade:

 

 

1-6 Pass

$

836,405

7 Special Mention

 

634

8 Substandard

 

20,301

9 Doubtful

 

Add (deduct):  Unearned discount

 

   Net deferred loan fees and costs

 

1,129

Total loans

$

858,469

Loans individually or collectively evaluated for their impairment and related allowance, by loan class

The activity in the allowance for credit losses by loan class (post adoption of ASU No. 2016-13), is summarized below for the year ended December 31, 2023.

(Dollars in thousands)

    

    

    

    

State and

    

Real

Commercial

Political

Estate

Agricultural

and Industrial

Consumer

Subdivisions

Total

As of and for the year ended December 31, 2023:

Allowance for Credit Losses:

Balance at December 31, 2022

$

7,483

$

6

$

504

$

84

$

197

$

8,274

CECL adoption adjustment

(717)

(4)

(261)

11

(148)

(1,119)

Beginning balance January 1, 2023

6,766

2

243

95

49

7,155

Charge-offs

 

 

 

 

(57)

 

 

(57)

Recoveries

 

37

 

 

2

 

5

 

 

44

(Credit) Provision

 

(264)

 

(1)

 

20

 

35

 

(7)

 

(217)

Ending Balance

$

6,539

$

1

$

265

$

78

$

42

$

6,925

Ending balance: individually

 

  

 

 

 

 

 

evaluated for impairment

$

$

$

$

$

$

Ending balance: collectively

 

 

 

 

 

 

evaluated for impairment

$

6,539

$

1

$

265

$

78

$

42

$

6,925

Reserve for Unfunded Lending Commitments

$

140

$

$

25

$

$

1

$

166

Loans Receivable:

 

 

 

 

 

 

Ending Balance

$

811,493

$

671

$

66,909

$

5,824

$

26,181

$

911,078

Ending balance: individually

 

 

 

 

 

 

evaluated for impairment

$

4,005

$

309

$

611

$

$

$

4,925

Ending balance: collectively

 

 

 

 

 

 

evaluated for impairment

$

807,488

$

362

$

66,298

$

5,824

$

26,181

$

906,153

(Dollars in thousands)

    

2023

Balance at December 31, 2022

$

68

CECL adoption adjustment

147

Credit for credit losses on unfunded commitments

(49)

Balance at December 31, 2023

 

$

166

(Dollars in thousands)

December 31, 2023

Recorded

Recorded

Unpaid

Unpaid

Investment

Investment

Principal

Principal

Total

    

With

With No

Total

Balance With

Balance With

Unpaid

Related

Related

Recorded

Related

No Related

Principal

Related

Allowance

Allowance

Investment

Allowance

Allowance

Balance

Allowance

 

  

  

  

Real Estate

$

$

4,005

$

4,005

$

$

5,994

$

5,994

$

Agricultural

309

309

309

309

Commercial and Industrial

611

611

611

611

Total

$

$

4,925

$

4,925

$

$

6,914

$

6,914

$

(Dollars in thousands)

Year Ended December 31, 2023

Average

Average

Interest

Interest

Recorded

Recorded

Income

Income

Investment

Investment

Total

Recognized

Recognized

Total

    

With

With No

Average

With

With No

Interest

Related

Related

Recorded

Related

Related

Income

Allowance

Allowance

Investment

Allowance

Allowance

Recognized

 

  

  

Real Estate

$

$

4,380

$

4,380

$

$

$

Agricultural

309

309

24

24

Commercial and Industrial

643

643

Total

$

$

5,332

$

5,332

$

$

24

$

24

(Dollars in thousands)

Commercial

    

Commercial

    

Residential

    

    

    

and Industrial

Real Estate

Real Estate

Consumer

Unallocated

Total

As of and for the year ended December 31, 2022:

Allowance for Loan Losses:

  

 

  

 

  

 

  

 

  

 

  

Beginning balance

$

681

$

5,408

$

1,539

$

84

$

968

$

8,680

Charge-offs

 

(158)

 

(3)

 

(12)

 

(33)

 

 

(206)

Recoveries

 

3

 

40

 

16

 

5

 

 

64

Provision (Credit)

 

178

 

487

 

14

 

25

 

(968)

 

(264)

Ending Balance

$

704

$

5,932

$

1,557

$

81

$

$

8,274

Ending balance: individually

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

$

$

$

$

$

Ending balance: collectively

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

704

$

5,932

$

1,557

$

81

$

$

8,274

Loans Receivable:

 

  

 

  

 

  

 

  

 

  

 

  

Ending Balance

$

86,999

$

611,549

$

154,506

$

5,415

$

$

858,469

Ending balance: individually

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

973

$

9,495

$

739

$

$

$

11,207

Ending balance: collectively

 

  

 

  

 

  

 

  

 

  

 

  

evaluated for impairment

$

86,026

$

602,054

$

153,767

$

5,415

$

$

847,262

Schedule of recorded investment, unpaid principal balance, related allowance, average recorded investment, and interest income recognized with respect to the Corporation's impaired loans

(Dollars in thousands)

December 31, 2022

Recorded

Recorded

Unpaid

Unpaid

Investment

Investment

Principal

Principal

Total

    

With

With No

Total

Balance With

Balance With

Unpaid

Related

Related

Recorded

Related

No Related

Principal

Related

Allowance

Allowance

Investment

Allowance

Allowance

Balance

Allowance

 

  

  

  

Commercial and Industrial

$

$

973

$

973

$

$

973

$

973

$

Commercial Real Estate

9,495

9,495

12,430

12,430

Residential Real Estate

739

739

771

771

Total

$

$

11,207

$

11,207

$

$

14,174

$

14,174

$

(Dollars in thousands)

Year Ended December 31, 2022

Average

Average

Interest

Interest

Recorded

Recorded

Income

Income

Investment

Investment

Total

Recognized

Recognized

Total

    

With

With No

Average

With

With No

Interest

Related

Related

Recorded

Related

Related

Income

Allowance

Allowance

Investment

Allowance

Allowance

Recognized

 

  

  

Commercial and Industrial

$

$

992

$

992

$

$

14

$

14

Commercial Real Estate

10,741

10,741

294

294

Residential Real Estate

841

841

1

1

Total

$

$

12,574

$

12,574

$

$

309

$

309

Schedule of financial receivables that are collateral-dependent loans

(Dollars in thousands)

December 31, 2023

    

Real Estate

    

Other

Real Estate

$

4,005

$

Agricultural

309

Commercial and Industrial

611

Total

$

4,005

$

920

Schedule of total non-performing assets

(Dollars in thousands)

December 31, 

December 31, 

    

2023

    

2022

Real Estate

$

4,005

$

4,387

Agricultural

Commercial and Industrial

611

664

Consumer

 

State and Political Subdivisions

 

 

Total non-accrual loans

 

4,616

 

5,051

Foreclosed assets held for resale

 

 

Loans past-due 90 days or more and still accruing interest

 

1,065

 

308

Total non-performing assets

$

5,681

$

5,359

Schedule of the classes of the loan portfolio, including non-accrual loans and TDRs, summarized by past-due status

The following tables present the classes of the loan portfolio summarized by the past-due status at December 31, 2023 and 2022:

(Dollars in thousands)

    

    

    

    

    

    

    

90 Days

Or Greater

Past Due

90 Days

Current-

and Still

30-59 Days

60-89 Days

or Greater

Total

29 Days

Total

Accruing

Past Due

Past Due

Past Due

Past Due

Past Due

Loans

Interest

December 31, 2023:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Real Estate

$

2,155

$

379

$

5,069

$

7,603

$

803,890

$

811,493

$

1,065

Agricultural

671

671

Commercial and Industrial

6

591

597

66,312

66,909

Consumer

 

21

 

4

 

 

25

 

5,799

 

5,824

 

State and Political Subdivisions

 

 

 

 

 

26,181

 

26,181

 

Total

$

2,182

$

383

$

5,660

$

8,225

$

902,853

$

911,078

$

1,065

(Dollars in thousands)

    

    

    

    

    

    

    

90 Days

Or Greater

Past Due

90 Days

Current-

and Still

30-59 Days

60-89 Days

or Greater

Total

29 Days

Total

Accruing

Past Due

Past Due

Past Due

Past Due

Past Due

Loans

Interest

December 31, 2022:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Real Estate

$

2,682

$

59

$

4,694

$

7,435

$

757,445

$

764,880

$

308

Agricultural

860

860

Commercial and Industrial

61

63

640

764

55,313

56,077

Consumer

 

11

 

2

 

 

13

 

5,694

 

5,707

 

State and Political Subdivisions

 

 

 

 

 

30,945

 

30,945

 

Total

$

2,754

$

124

$

5,334

$

8,212

$

850,257

$

858,469

$

308

Schedule of the outstanding recorded investment of TDRs

(Dollars in thousands)

    

December 31, 

2022

Non-accrual TDRs

$

1,324

Accruing TDRs

 

6,156

Total

$

7,480

Schedule of the loan modifications categorized as TDRs

(Dollars in thousands)

Year Ended December 31, 2022

Pre-Modification

Post-Modification

Outstanding

Outstanding

Number of

Recorded

Recorded

Recorded

Contracts

Investment

Investment

Investment

Commercial Real Estate

2

$

481

$

515

$

501

Total

2

$

481

$

515

$

501

Schedule of loan modifications made for loans categorized as TDRs

Year Ended December 31, 2022

    

Rate

Term

Payment

Number

Modification

Modification

Modification

Modified

Commercial Real Estate

2

2

Total

2

2