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Loans and Asset Quality Information (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Summary of Major Categories of Total Loans Outstanding
The following is a summary of the major categories of total loans outstanding:
December 31, 2021December 31, 2020
($ in thousands)AmountPercentageAmountPercentage
Commercial, financial, and agricultural
$648,997 11 %782,549 17 %
Real estate – construction, land development & other land loans
828,549 13 %570,672 12 %
Real estate – mortgage – residential (1-4 family) first mortgages
1,021,966 17 %972,378 21 %
Real estate – mortgage – home equity loans / lines of credit
331,932 5 %306,256 6 %
Real estate – mortgage – commercial and other
3,194,737 53 %2,049,203 43 %
Consumer loans57,238 1 %53,955 1 %
Subtotal
6,083,419 100 %4,735,013 100 %
Unamortized net deferred loan fees(1,704)(3,698)
Total loans
$6,081,715 4,731,315 
($ in thousands)December 31,
2021		December 31,
2020
Guaranteed portions of non-PPP SBA Loans included in table above$48,377 33,959 
Unguaranteed portions of non-PPP SBA Loans included in table above122,772 135,703 
Total non-PPP SBA loans included in the table above$171,149 169,662 
Sold portions of SBA loans with servicing retained - not included in table above$414,240 395,398 
Schedule of Activity in Purchased Credit Impaired Loans
The following table presents changes in the accretable yield for PCI loans under the Incurred Loss methodology used by the Company prior to adopting CECL.
($ in thousands)For the Year Ended December 31,
2020		For the Year Ended December 31,
2019
Balance at beginning of period$4,149 4,750 
Accretion
(1,119)(1,486)
Reclassification from (to) nonaccretable difference
413 617 
Other, net
(545)268 
Balance at end of period
$2,898 4,149 
Schedule of Nonperforming Assets and Nonaccrual Loans
Nonperforming assets, defined as nonaccrual loans, troubled debt restructurings, loans past due 90 or more days and still accruing interest, and foreclosed real estate, are summarized as follows:
($ in thousands)December 31,
2021		December 31,
2020
Nonperforming assets  
Nonaccrual loans$34,696 35,076 
Restructured loans - accruing13,866 9,497 
Accruing loans > 90 days past due1,004 — 
Total nonperforming loans49,566 44,573 
Foreclosed properties3,071 2,424 
Total nonperforming assets$52,637 46,997 
The following table is a summary of the Company’s nonaccrual loans by major categories for the periods indicated.
CECLIncurred Loss
December 31,
2021		December 31,
2020
($ in thousands)Nonaccrual Loans with No AllowanceNonaccrual Loans with an AllowanceTotal Nonaccrual LoansNonaccrual Loans
Commercial, financial, and agricultural$3,947 8,205 12,152 9,681 
Real estate – construction, land development & other land loans495 137 632 643 
Real estate – mortgage – residential (1-4 family) first mortgages858 4,040 4,898 6,048 
Real estate – mortgage – home equity loans / lines of credit— 694 694 1,333 
Real estate – mortgage – commercial and other7,648 8,583 16,231 17,191 
Consumer loans— 89 89 180 
Total$12,948 21,748 34,696 35,076 
Summary of Accrued Interest Receivables Written Off
The following table represents the accrued interest receivables written off by reversing interest income during the year ended December 31, 2021.
($ in thousands)For the Year Ended December 31, 2021
Commercial, financial, and agricultural$195 
Real estate – construction, land development & other land loans6 
Real estate – mortgage – residential (1-4 family) first mortgages31 
Real estate – mortgage – home equity loans / lines of credit14 
Real estate – mortgage – commercial and other453 
Consumer loans— 
Total$699 
Schedule of Analysis of Payment Status
The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2021.
($ in thousands)Accruing
30-59 Days
Past Due		Accruing 60-
89 Days
Past Due		Accruing 90
Days or More
Past Due		Nonaccrual
Loans		Accruing
Current		Total Loans
Receivable
Commercial, financial, and agricultural
$377 93 — 12,152 636,375 648,997 
Real estate – construction, land development & other land loans
4,046 — 286 632 823,585 828,549 
Real estate – mortgage – residential (1-4 family) first mortgages
6,571 1,488 — 4,898 1,009,009 1,021,966 
Real estate – mortgage – home equity loans / lines of credit
489 124 718 694 329,907 331,932 
Real estate – mortgage – commercial and other
164 1,496 — 16,231 3,176,846 3,194,737 
Consumer loans116 62 — 89 56,971 57,238 
Total$11,763 3,263 1,004 34,696 6,032,693 6,083,419 
Unamortized net deferred loan fees(1,704)
Total loans$6,081,715 
The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2020.
($ in thousands)Accruing
30-59 Days
Past Due		Accruing 60-
89 Days
Past Due		Accruing 90
Days or More
Past Due		Nonaccrual
Loans		Accruing
Current		Total Loans
Receivable
Commercial, financial, and agricultural
$1,464 1,101 — 9,681 770,166 782,412 
Real estate – construction, land development & other land loans
572 — — 643 569,307 570,522 
Real estate – mortgage – residential (1-4 family) first mortgages
10,146 869 — 6,048 951,088 968,151 
Real estate – mortgage – home equity loans / lines of credit
1,088 42 — 1,333 303,693 306,156 
Real estate – mortgage – commercial and other
2,540 3,111 — 17,191 2,022,422 2,045,264 
Consumer loans180 36 — 180 53,521 53,917 
Purchased credit impaired
328 112 719 — 7,432 8,591 
Total$16,318 5,271 719 35,076 4,677,629 4,735,013 
Unamortized net deferred loan (fees) costs(3,698)
Total loans$4,731,315 
Analysis of Collateral-Dependent Loans
The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2021.
($ in thousands)Residential PropertyBusiness AssetsLandCommercial PropertyTotal Collateral-Dependent Loans
Commercial, financial, and agricultural$— 7,886 — — 7,886 
Real estate – construction, land development & other land loans— — 533 — 533 
Real estate – mortgage – residential (1-4 family) first mortgages871 — — — 871 
Real estate – mortgage – home equity loans / lines of credit— — — — — 
Real estate – mortgage – commercial and other— — — 10,743 10,743 
Consumer loans— — — — — 
Total$871 7,886 533 10,743 20,033 
Schedule of Allowance for Loan Losses
The following table presents the activity in the ACL on loans for the year ended December 31, 2021 under the CECL methodology.
($ in thousands)Commercial,
Financial,
and
Agricultural		Real Estate
–
Construction,
Land
Development
& Other Land
Loans		Real Estate
–
Residential
(1-4 Family)
First
Mortgages		Real Estate
– Mortgage
– Home
Equity
Lines of
Credit		Real Estate
– Mortgage
–
Commercial
and Other		Consumer LoansUnallocatedTotal
As of and for the year ended December 31, 2021
Beginning balance$11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 
Adjustment for implementation of CECL3,067 6,140 2,584 2,580 (257)674 (213)14,575 
Allowance for Select PCD loans2,917 165 222 92 1,489 10 — 4,895 
Charge-offs(3,722)(245)(273)(400)(2,295)(667)— (7,602)
Recoveries1,744 948 761 578 533 358 — 4,922 
Provisions/(Reversals)927 4,156 (2,656)(888)7,269 803 — 9,611 
Ending balance$16,249 16,519 8,686 4,337 30,342 2,656 — 78,789 
The following table presents the activity in the allowance for loan losses for the year ended December 31, 2020 under the Incurred Loss methodology.
($ in thousands)Commercial,
Financial, and
Agricultural		Real Estate –
Construction,
Land
Development
& Other Land
Loans		Real Estate –
Residential
(1-4 Family)
First
Mortgages		Real Estate
– Mortgage
– Home
Equity Lines
of Credit		Real Estate
– Mortgage
–
Commercial
and Other		Consumer loansUnallocatedTotal
As of and for the year ended December 31, 2020
Beginning balance
$4,553 1,976 3,832 1,127 8,938 972 — 21,398 
Charge-offs
(5,608)(51)(478)(524)(968)(873)— (8,502)
Recoveries
745 1,552 754 487 621 294 — 4,453 
Provisions
11,626 1,878 3,940 1,285 15,012 1,085 213 35,039 
Ending balance
$11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 
Ending balances as of December 31, 2020: Allowance for loan losses
Individually evaluated for impairment
$3,546 30 800 — 2,175 — — 6,551 
Collectively evaluated for impairment
$7,742 5,325 7,141 2,375 21,428 1,475 213 45,699 
Purchased credit impaired
$28 — 107 — — 3 — 138 
Loans receivable as of December 31, 2020:
Ending balance – total
$782,549 570,672 972,378 306,256 2,049,203 53,955 — 4,735,013 
Unamortized net deferred loan (fees) costs(3,698)
Total loans
$4,731,315 
Ending balances as of December 31, 2020: Loans
Individually evaluated for impairment
$7,700 677 9,303 15 18,582 4 — 36,281 
Collectively evaluated for impairment
$774,712 569,845 958,848 306,141 2,026,682 53,913 — 4,690,141 
Purchased credit impaired
$137 150 4,227 100 3,939 38 — 8,591 
The following table presents the activity in the allowance for loan losses for the year ended December 31, 2019 under the Incurred Loss methodology.
($ in thousands)Commercial,
Financial, and
Agricultural		Real Estate –
Construction,
Land
Development
& Other Land
Loans		Real Estate
–
Residential
(1-4 Family)
First
Mortgages		Real Estate
– Mortgage
– Home
Equity Lines
of Credit		Real Estate
– Mortgage
–
Commercial
and Other		Consumer loansUnallo-
cated		Total
As of and for the year ended December 31, 2019
Beginning balance
$2,889 2,243 5,197 1,665 7,983 952 110 21,039 
Charge-offs
(2,473)(553)(657)(307)(1,556)(757)— (6,303)
Recoveries
980 1,275 705 629 575 235 — 4,399 
Provisions
3,157 (989)(1,413)(860)1,936 542 (110)2,263 
Ending balance
$4,553 1,976 3,832 1,127 8,938 972 — 21,398 
Ending balances as of December 31, 2019: Allowance for loan losses
Individually evaluated for impairment
$1,791 50 750 — 983 — — 3,574 
Collectively evaluated for impairment
$2,720 1,926 2,976 1,127 7,931 961 — 17,641 
Purchased credit impaired
$42 — 106 — 24 11 — 183 
Loans receivable as of December 31, 2019:
Ending balance – total
$504,271 530,866 1,105,014 337,922 1,917,280 56,172 — 4,451,525 
Unamortized net deferred loan (fees) costs1,941 
Total loans
4,453,466 
Ending balances as of December 31, 2019: Loans
Individually evaluated for impairment
$4,957 796 9,546 333 9,570 — — 25,202 
Collectively evaluated for impairment
$499,101 529,904 1,090,125 337,366 1,901,080 56,083 — 4,413,659 
Purchased credit impaired
$213 166 5,343 223 6,630 89 — 12,664 
The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the year ended December 31, 2021.
($ in thousands)Total Allowance for Credit Losses - Unfunded Loan Commitments
Beginning balance at December 31, 2020$582 
Adjustment for implementation of CECL on January 1, 20217,504 
Charge-offs— 
Recoveries— 
Day 2 provision for credit losses on unfunded commitments acquired from Select3,982 
Provision for credit losses on changes in unfunded commitments1,438 
Ending balance at December 31, 2021$13,506 
Schedule of Loans Individually Evaluated for Impairment
The following table presents loans individually evaluated for impairment by class of loans, excluding PCI loans, as of December 31, 2020 under the Incurred Loss methodology.
 
($ in thousands)		Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment
Impaired loans with no related allowance recorded:
    
Commercial, financial, and agricultural
$3,688 4,325 — 750 
Real estate – mortgage – construction, land development & other land loans
554 694 — 308 
Real estate – mortgage – residential (1-4 family) first mortgages
4,115 4,456 — 4,447 
Real estate – mortgage –home equity loans / lines of credit
15 27 — 264 
Real estate – mortgage –commercial and other
11,763 13,107 — 9,026 
Consumer loans4 4 — 1 
Total impaired loans with no allowance
$20,139 22,613 — 14,796 
Impaired loans with an allowance recorded:
Commercial, financial, and agricultural
$4,012 4,398 3,546 5,139 
Real estate – mortgage – construction, land development & other land loans
123 131 30 502 
Real estate – mortgage – residential (1-4 family) first mortgages
5,188 5,361 800 5,186 
Real estate – mortgage –home equity loans / lines of credit
— — — 21 
Real estate – mortgage –commercial and other
6,819 7,552 2,175 5,786 
Consumer loans— — — — 
Total impaired loans with allowance
$16,142 17,442 6,551 16,634 
Schedule of Recorded Investment in Loans by Credit Quality Indicators
The following describes the Company’s internal risk grades in ascending order of likelihood of loss:
Risk GradeDescription
Pass:
1Loans with virtually no risk, including cash secured loans.
2Loans with documented significant overall financial strength.  These loans have minimum chance of loss due to the presence of multiple sources of repayment – each clearly sufficient to satisfy the obligation.
3Loans with documented satisfactory overall financial strength.  These loans have a low loss potential due to presence of at least two clearly identified sources of repayment – each of which is sufficient to satisfy the obligation under the present circumstances.
4Loans to borrowers with acceptable financial condition.  These loans could have signs of minor operational weaknesses, lack of adequate financial information, or loans supported by collateral with questionable value or marketability.  
5Loans that represent above average risk due to minor weaknesses and warrant closer scrutiny by management.  Collateral is generally available and felt to provide reasonable coverage with realizable liquidation values in normal circumstances.  Repayment performance is satisfactory.
P
(Pass)		Consumer loans (<$500,000) that are of satisfactory credit quality with borrowers who exhibit good personal credit history, average personal financial strength and moderate debt levels.  These loans generally conform to Bank policy, but may include approved mitigated exceptions to the guidelines.  
Special Mention: 
6Existing loans with defined weaknesses in primary source of repayment that, if not corrected, could cause a loss to the Company.
Classified: 
7An existing loan inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any.  These loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.
8Loans that have a well-defined weakness that make the collection or liquidation in full highly questionable and improbable.  Loss appears imminent, but the exact amount and timing is uncertain.
9Loans that are considered uncollectible and are in the process of being charged-off.  This grade is a temporary grade assigned for administrative purposes until the charge-off is completed.
F
(Fail)		Consumer loans (<$500,000) with a well-defined weakness, such as exceptions of any kind with no mitigating factors, history of paying outside the terms of the note, insufficient income to support the current level of debt, etc.

The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2021 under the CECL methodology. Acquired loans are presented in the year originated, not in the year of acquisition.
Term Loans by Year of Origination
($ in thousands)20212020201920182017PriorRevolvingTotal
Commercial, financial, and agricultural
Pass$204,945 138,540 71,369 66,645 16,009 17,492 112,933 627,933 
Special Mention225 1,255 1,313 2,729 225 9 2,348 8,104 
Classified1,609 793 1,703 7,096 511 96 1,152 12,960 
Total commercial, financial, and agricultural206,779 140,588 74,385 76,470 16,745 17,597 116,433 648,997 
Real estate – construction, land development & other land loans
Pass573,613 133,888 69,066 12,455 9,764 8,190 13,737 820,713 
Special Mention41 737 5,095 110 104 2 9 6,098 
Classified1,541 49 47 83 14 4 — 1,738 
Total real estate – construction, land development & other land loans575,195 134,674 74,208 12,648 9,882 8,196 13,746 828,549 
Real estate – mortgage – residential (1-4 family) first mortgages
Pass241,619 224,617 120,097 82,531 86,074 234,950 11,051 1,000,939 
Special Mention888 615 516 229 323 3,237 94 5,902 
Classified419 156 535 1,185 653 11,246 931 15,125 
Total real estate – mortgage – residential (1-4 family) first mortgages242,926 225,388 121,148 83,945 87,050 249,433 12,076 1,021,966 
Real estate – mortgage – home equity loans / lines of credit
Pass3,111 498 439 1,304 245 1,649 317,319 324,565 
Special Mention194 — 15 — — 19 1,341 1,569 
Classified75 97 71 — — 607 4,948 5,798 
Total real estate – mortgage – home equity loans / lines of credit3,380 595 525 1,304 245 2,275 323,608 331,932 
Real estate – mortgage – commercial and other
Pass1,328,156 796,992 355,885 211,118 197,165 197,659 66,104 3,153,079 
Special Mention1,759 4,849 5,801 3,741 2,072 1,801 1,440 21,463 
Classified7,147 413 2,110 6,025 3,897 603 — 20,195 
Total real estate – mortgage – commercial and other1,337,062 802,254 363,796 220,884 203,134 200,063 67,544 3,194,737 
Consumer loans
Pass14,960 25,431 2,965 1,722 673 525 10,810 57,086 
Special Mention— 4 — — — — — 4 
Classified— 73 — 8 — 25 42 148 
Total consumer loans14,960 25,508 2,965 1,730 673 550 10,852 57,238 
Total$2,380,302 1,329,007 637,027 396,981 317,729 478,114 544,259 6,083,419 
Unamortized net deferred loan fees(1,704)
Total loans6,081,715 
At December 31, 2021, as derived from the table above, the Company had $43.1 million in loans graded as Special Mention and $56.0 million in loans graded as Classified, which includes all nonaccrual loans.
In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. The amount of revolving lines of credit that converted to term loans during the period was immaterial.
The following table presents the Company’s recorded investment in loans by credit quality indicators as of December 31, 2020 under the Incurred Loss methodology.
($ in thousands)PassSpecial Mention
Loans		Classified
Accruing Loans		Classified
Nonaccrual
Loans		Total
Commercial, financial, and agricultural
$762,091 9,553 1,087 9,681 782,412 
Real estate – construction, land development & other land loans
560,845 7,877 1,157 643 570,522 
Real estate – mortgage – residential (1-4 family) first mortgages
943,455 7,609 11,039 6,048 968,151 
Real estate – mortgage – home equity loans / lines of credit
297,795 1,468 5,560 1,333 306,156 
Real estate – mortgage – commercial and other
1,988,684 34,588 4,801 17,191 2,045,264 
Consumer loans53,488 80 169 180 53,917 
Purchased credit impaired
6,901 85 1,605 — 8,591 
Total
$4,613,259 61,260 25,418 35,076 4,735,013 
Unamortized net deferred loan (fees) costs(3,698)
Total loans
4,731,315 
Schedule of Information Related to Loans Modified in a Troubled Debt Restructuring
The following table presents information related to loans modified in a TDR during the year ended December 31, 2021.
For the year ended December 31, 2021
($ in thousands, except number of contracts)Number of
Contracts		Pre-
Modification
Restructured
Balances		Post-
Modification
Restructured
Balances
TDRs – Accruing
   
Commercial, financial, and agricultural
— $— — 
Real estate – construction, land development & other land loans
— — — 
Real estate – mortgage – residential (1-4 family) first mortgages
1 33 33 
Real estate – mortgage – home equity loans / lines of credit
— — — 
Real estate – mortgage – commercial and other
— — — 
Consumer loans— — — 
TDRs – Nonaccrual
Commercial, financial, and agricultural
5 1,438 1,435 
Real estate – construction, land development & other land loans
1 75 75 
Real estate – mortgage – residential (1-4 family) first mortgages
1 263 263 
Real estate – mortgage – home equity loans / lines of credit
— — — 
Real estate – mortgage – commercial and other
4 1,729 1,729 
Consumer loans— — — 
Total TDRs arising during period
12 $3,538 3,535 
The following table presents information related to loans modified in a TDR during the year ended December 31, 2020.
For the year ended December 31, 2020
($ in thousands, except number of contracts)Number of
Contracts		Pre-
Modification
Restructured
Balances		Post-
Modification
Restructured
Balances
TDRs – Accruing
   
Commercial, financial, and agricultural
2 $143 143 
Real estate – construction, land development & other land loans
1 67 67 
Real estate – mortgage – residential (1-4 family) first mortgages
2 75 78 
Real estate – mortgage – home equity loans / lines of credit
— — — 
Real estate – mortgage – commercial and other
— — — 
Consumer loans1 4 4 
TDRs – Nonaccrual
Commercial, financial, and agricultural
1 72 72 
Real estate – construction, land development & other land loans
— — — 
Real estate – mortgage – residential (1-4 family) first mortgages
— — — 
Real estate – mortgage – home equity loans / lines of credit
— — — 
Real estate – mortgage – commercial and other
5 5,977 5,977 
Consumer loans— — — 
Total TDRs arising during period
12 $6,338 6,341 
The following table presents information related to loans modified in a TDR during the year ended December 31, 2019.
.
For the year ended December 31, 2019
($ in thousands, except number of contracts)Number of
Contracts		Pre-
Modification
Restructured
Balances		Post-
Modification
Restructured
Balances
TDRs – Accruing
   
Commercial, financial, and agricultural
2 $395 395 
Real estate – construction, land development & other land loans
— — — 
Real estate – mortgage – residential (1-4 family) first mortgages
3 387 391 
Real estate – mortgage – home equity loans / lines of credit
— — — 
Real estate – mortgage – commercial and other
1 274 274 
Consumer loans— — — 
TDRs – Nonaccrual
Commercial, financial, and agricultural
— — — 
Real estate – construction, land development & other land loans
— — — 
Real estate – mortgage – residential (1-4 family) first mortgages
— — — 
Real estate – mortgage – home equity loans / lines of credit
— — — 
Real estate – mortgage – commercial and other
— — — 
Consumer loans— — — 
Total TDRs arising during period
6 $1,056 1,060 

Accruing TDRs that were modified in the previous 12 months and that defaulted during the years ended December 31, 2021, 2020, and 2019 are presented in the table below. The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to foreclosed real estate.
For the Year Ended December 31, 2021For the Year Ended December 31, 2020For the Year Ended December 31, 2019
($ in thousands)Number of
Contracts		Recorded
Investment		Number of
Contracts		Recorded
Investment		Number of
Contracts		Recorded
Investment
Accruing TDRs that subsequently defaulted
      
Real estate – mortgage – residential (1-4 family first mortgages)
— $— — — 1 93 
Real estate – mortgage – commercial and other
— — 1 274 — — 
Total accruing TDRs that subsequently defaulted
— $— 1 274 1 93