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Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of summary of loans, by major class within the Company's loan portfolio
A summary of loans, by major class within the Company's loan portfolio, at December 31, 2021 and 2020 is as follows:
(in thousands)20212020
Commercial, financial, and agricultural (a)$217,214 $272,918 
Real estate construction − residential
27,920 29,692 
Real estate construction − commercial
91,369 78,144 
Real estate mortgage − residential
279,346 262,339 
Real estate mortgage − commercial
663,256 617,133 
Installment and other consumer23,028 26,741 
Total loans held for investment$1,302,133 $1,286,967 
(a)
Includes $8.4 million and $63.3 million SBA PPP loans, net, respectively
Schedule of loans to directors and executive officers
The following is a summary of loans to directors and executive officers or to entities in which such individuals had a beneficial interest of the Company:
(in thousands)
Balance at December 31, 2020
$5,079 
New loans998 
Amounts collected(3,599)
Balance at December 31, 2021
$2,478 
Schedule of summary of the allowance for loan losses
The following table illustrates the changes in the allowance for loan losses by portfolio segment:
(in thousands)Commercial,
Financial, &
Agricultural		 Real Estate
Construction -
Residential		 Real Estate
Construction -
Commercial		 Real Estate
Mortgage -
Residential		 Real Estate
Mortgage -
Commercial		 Installment
and other
Consumer		 Un-
allocated		 Total
Balance at December 31, 2018
$3,237 $140 $757 $2,071 $4,914 $334 $199 $11,652 
Additions:
Provision for loan losses(168)(126)(388)195 1,618 138 (119)1,150 
Deductions:
Loans charged off295 — — 277 25 196 — 793 
Less recoveries on loans(144)(50)— (129)(40)(105)— (468)
Net loans charged off151 (50)— 148 (15)91 — 325 
Balance at December 31, 2019
$2,918 $64 $369 $2,118 $6,547 $381 $80 $12,477 
Additions:
Provision for loan losses2,241 85 106 568 2,838 35 (73)5,800 
Deductions:
Loans charged off207 — — 52 39 211 — 509 
Less recoveries on loans(169)(64)— (45)(8)(59)— (345)
Net loans charged off38 (64)— 7 31 152 — 164 
Balance at December 31, 2020
$5,121 $213 $475 $2,679 $9,354 $264 $7 $18,113 
Additions:
(Release of) provision for loan losses(2,431)(89)(362)(365)1,348 145 54 (1,700)
Deductions:
Loans charged off194 — — 22 43 229 — 488 
Less recoveries on loans(221)(13)(475)(190)(3)(76)— (978)
Net loans charged off(27)(13)(475)(168)40 153 — (490)
Balance at December 31, 2021
$2,717 $137 $588 $2,482 $10,662 $256 $61 $16,903 
Schedule of allowance for loan losses and recorded investment by portfolio segment
The following table illustrates the allowance for loan losses and recorded investment by portfolio segment:
(in thousands)Commercial,
Financial, and
Agricultural		Real Estate
Construction -
Residential		Real Estate
Construction -
Commercial		Real Estate
Mortgage -
Residential		Real Estate
Mortgage -
Commercial		Installment
and other
Consumer		Un-
allocated		Total
December 31, 2021
Allowance for loan losses:
Individually evaluated for impairment$42 $— $13 $166 $2,815 $8 $— $3,044 
Collectively evaluated for impairment2,675 137 575 2,316 7,847 248 61 13,859 
Total$2,717 $137 $588 $2,482 $10,662 $256 $61 $16,903 
Loans outstanding:
Individually evaluated for impairment$341 $— $105 $2,391 $24,357 $60 $— $27,254 
Collectively evaluated for impairment216,873 27,920 91,264 276,955 638,899 22,968 — 1,274,879 
Total$217,214 $27,920 $91,369 $279,346 $663,256 $23,028 $— $1,302,133 
December 31, 2020
Allowance for loan losses:
Individually evaluated for impairment$2,187 $27 $28 $263 $2,594 $14 $— $5,113 
Collectively evaluated for impairment2,934 186 447 2,416 6,760 250 7 13,000 
Total$5,121 $213 $475 $2,679 $9,354 $264 $7 $18,113 
Loans outstanding:
Individually evaluated for impairment$7,552 $192 $200 $3,626 $25,657 $108 $— $37,335 
Collectively evaluated for impairment265,366 29,500 77,944 258,713 591,476 26,633 — 1,249,632 
Total$272,918 $29,692 $78,144 $262,339 $617,133 $26,741 $— $1,286,967 
Schedule of impaired loans
The categories of impaired loans at December 31, 2021 and 2020 are as follows:
(in thousands)2021 2020
Non-accrual loans$25,459 $34,559 
Performing TDRs1,795 2,776 
Total impaired loans$27,254 $37,335 
The following tables provide additional information about impaired loans at December 31, 2021 and 2020, respectively, segregated between loans for which an allowance has been provided and loans for which no allowance has been provided.
(in thousands)Recorded
Investment		Unpaid
Principal
Balance		Specific
Reserves
December 31, 2021
With no related allowance recorded:
Real estate mortgage − residential$1,034 $1,152 $— 
Real estate mortgage − commercial15,593 16,057 — 
Total$16,627 $17,209 $— 
With an allowance recorded:
Commercial, financial and agricultural$341 $374 $42 
Real estate construction − commercial105 138 13 
Real estate mortgage − residential1,357 1,730 166 
Real estate mortgage − commercial8,764 9,142 2,815 
Installment and other consumer60 61 8 
Total$10,627 $11,445 $3,044 
Total impaired loans$27,254 $28,654 $3,044 
(in thousands)
Recorded
Investment
Unpaid
Principal
Balance
Specific
Reserves
December 31, 2020
With no related allowance recorded:
Commercial, financial and agricultural$1,703 $1,731 $— 
Real estate mortgage − residential1,300 1,395 — 
Real estate mortgage − commercial8,943 8,943 — 
Total$11,946 $12,069 $— 
With an allowance recorded:
Commercial, financial and agricultural$5,849 $6,180 $2,187 
Real estate construction − residential192 192 27 
Real estate construction − commercial200 251 28 
Real estate mortgage − residential2,326 2,786 263 
Real estate mortgage − commercial16,714 16,787 2,594 
Installment and other consumer108 112 14 
Total$25,389 $26,308 $5,113 
Total impaired loans$37,335 $38,377 $5,113 
The following table presents by class, information related to the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2021 and 2020:
20212020
(in thousands)
Average
Recorded
Investment
 
Interest
Recognized
For the
Period Ended
 
Average
Recorded
Investment
 
Interest
Recognized
For the
Period Ended
With no related allowance recorded:
Commercial, financial and agricultural$5,063 $35 $1,629 $144 
Real estate construction − commercial— — 162 — 
Real estate mortgage − residential1,142 38 1,692 28 
Real estate mortgage − commercial14,639 1 2,975 13 
Installment and other consumer19 — 6 — 
Total$20,863 $74 $6,464 $185 
With an allowance recorded:
Commercial, financial and agricultural$357 $21 $2,395 $48 
Real estate construction − residential47 — 48 — 
Real estate construction − commercial131 — 367 — 
Real estate mortgage − residential1,652 35 2,564 45 
Real estate mortgage − commercial8,974 31 4,830 22 
Installment and other consumer43 4 113 8 
Total$11,204 $91 $10,317 $123 
Total impaired loans$32,067 $165 $16,781 $308 
Schedule of aging information for the Company's past due and non-accrual loans
The following table provides aging information for the Company's past due and non-accrual loans at December 31, 2021 and 2020.
(in thousands)Current or
Less Than
30 Days
Past Due		30 - 89 Days
Past Due		90 Days
Past Due
And Still
Accruing		Non-AccrualTotal
December 31, 2021
Commercial, Financial, and Agricultural$217,058 $3 $— $153 $217,214 
Real estate construction − residential27,920 — — — 27,920 
Real estate construction − commercial91,264 — — 105 91,369 
Real estate mortgage − residential277,532 671 14 1,129 279,346 
Real estate mortgage − commercial638,982 245 — 24,029 663,256 
Installment and Other Consumer22,848 137 — 43 23,028 
Total$1,275,604 $1,056 $14 $25,459 $1,302,133 
December 31, 2020
Commercial, Financial, and Agricultural$265,821 $380 $— $6,717 $272,918 
Real estate construction − residential29,500 — — 192 29,692 
Real estate construction − commercial77,944 — — 200 78,144 
Real estate mortgage − residential259,688 546 — 2,105 262,339 
Real estate mortgage − commercial591,815 4 — 25,314 617,133 
Installment and Other Consumer26,576 117 17 31 26,741 
Total$1,251,344 $1,047 $17 $34,559 $1,286,967 
Schedule of risk categories by class
The following table presents the risk categories by class at December 31, 2021 and 2020.
(in thousands)Commercial,
Financial, &
Agricultural		Real Estate
Construction -
Residential		Real Estate
Construction -
Commercial		Real Estate
Mortgage -
Residential		Real Estate
Mortgage -
Commercial		Installment
and other
Consumer		Total
At December 31, 2021
Watch$9,219 $— $4,304 $12,185 $43,348 $— $69,056 
Substandard6,284 — 2,673 750 2,305 — 12,012 
Performing TDRs188 — — 1,262 328 17 1,795 
Non-accrual loans153 — 105 1,129 24,029 43 25,459 
Total$15,844 $— $7,082 $15,326 $70,010 $60 $108,322 
At December 31, 2020
Watch$9,649 $545 $10,806 $15,835 $66,936 $— $103,771 
Substandard598 — — 1,002 1,662 — 3,262 
Performing TDRs835 — — 1,521 343 77 2,776 
Non-accrual loans6,717 192 200 2,105 25,314 31 34,559 
Total$17,799 $737 $11,006 $20,463 $94,255 $108 $144,368 
Schedule of summary of loans that were modified as TDRs
The following table summarizes loans that were modified as TDRs during the years ended December 31, 2021 and 2020.
20212020
Recorded Investment (1)Recorded Investment (1)
(in thousands)Number of
Contracts		Pre-
Modification		Post-
Modification		Number of
Contracts		Pre-
Modification		Post-
Modification
Troubled Debt Restructurings
Real estate mortgage − residential
— $— $— 2$209 $211 
Installment and other consumer—— — 16 4 
Total—$— $— 3$215 $215 
(1) The amounts reported post-modification are inclusive of all partial pay-downs and charge-offs, and no portion of the debt was forgiven. Loans modified as a TDR that were fully paid down, charged-off, or foreclosed upon during the period ended are not reported.