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Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [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, 2022 and 2021 is as follows:
(in thousands)20222021
Commercial, financial, and agricultural (a)$244,549 $217,214 
Real estate construction − residential
32,095 27,920 
Real estate construction − commercial
137,235 91,369 
Real estate mortgage − residential
361,025 279,346 
Real estate mortgage − commercial
722,729 663,256 
Installment and other consumer23,619 23,028 
Total loans held for investment$1,521,252 $1,302,133 
(a)
Includes $0.01 million and $8.4 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, 2021
$2,478 
New loans10,729 
Amounts collected(3,792)
Balance at December 31, 2022
$9,415 
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, 2019
$2,918 $64 $369 $2,118 $6,547 $381 $80 $12,477 
Additions:
Provision for (release of) 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 off (recoveries)38 (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 (recoveries)(27)(13)(475)(168)40 153 — (490)
Balance at December 31, 2021
$2,717 $137 $588 $2,482 $10,662 $256 $61 $16,903 
Additions:
(Release of) provision for loan losses97 20 265 802 (2,492)303 105 (900)
Deductions:
Loans charged off135 — — — 181 321 — 637 
Less recoveries on loans(56)— (22)(45)(11)(88)— (222)
Net loans charged off (recoveries)79 — (22)(45)170 233 — 415 
Balance at December 31, 2022
$2,735 $157 $875 $3,329 $8,000 $326 $166 $15,588 
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, 2022
Allowance for loan losses:
Individually evaluated for impairment$36 $— $11 $148 $62 $1 $— $258 
Collectively evaluated for impairment2,699 157 864 3,181 7,938 325 166 15,330 
Total$2,735 $157 $875 $3,329 $8,000 $326 $166 $15,588 
Loans outstanding:
Individually evaluated for impairment$295 $— $87 $1,863 $18,110 $6 $— $20,361 
Collectively evaluated for impairment244,254 32,095 137,148 359,162 704,619 23,613 — 1,500,891 
Total$244,549 $32,095 $137,235 $361,025 $722,729 $23,619 $— $1,521,252 
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 
Schedule of Impaired Loans
The categories of impaired loans at December 31, 2022 and 2021 are as follows:
(in thousands)2022 2021
Non-accrual loans$18,700 $25,459 
Performing TDRs1,661 1,795 
Total impaired loans$20,361 $27,254 
The following tables provide additional information about impaired loans at December 31, 2022 and 2021, 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, 2022
With no related allowance recorded:
Real estate mortgage − commercial$17,664 $18,975 $— 
Total$17,664 $18,975 $— 
With an allowance recorded:
Commercial, financial and agricultural$295 $330 $36 
Real estate construction − commercial87 127 11 
Real estate mortgage − residential1,863 2,080 148 
Real estate mortgage − commercial446 535 62 
Installment and other consumer6 6 1 
Total$2,697 $3,078 $258 
Total impaired loans$20,361 $22,053 $258 
(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 
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, 2022 and 2021:
20222021
(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 
Real estate mortgage − residential1 1 1,142 38 
Real estate mortgage − commercial16,230 — 14,639 1 
Installment and other consumer— — 19 — 
Total$16,231 $1 $20,863 $74 
With an allowance recorded:
Commercial, financial and agricultural$319 $10 $357 $21 
Real estate construction − residential— — 47 — 
Real estate construction − commercial93 97 131 — 
Real estate mortgage − residential2,189 29 1,652 35 
Real estate mortgage − commercial428 1 8,974 31 
Installment and other consumer90 — 43 4 
Total$3,119 $137 $11,204 $91 
Total impaired loans$19,350 $138 $32,067 $165 
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, 2022 and 2021.
(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, 2022
Commercial, Financial, and Agricultural$244,392 $36 $— $121 $244,549 
Real estate construction − residential32,095 — — — 32,095 
Real estate construction − commercial137,148 — — 87 137,235 
Real estate mortgage − residential359,672 668 — 685 361,025 
Real estate mortgage − commercial704,925 3 — 17,801 722,729 
Installment and Other Consumer23,506 106 1 6 23,619 
Total$1,501,738 $813 $1 $18,700 $1,521,252 
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 
Schedule of Risk Categories by Class
The following table presents the risk categories by class at December 31, 2022 and 2021.
(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, 2022
Watch$7,411 $— $2,677 $5,541 $48,041 $— $63,670 
Substandard6,894 — 686 500 3,026 — 11,106 
Performing TDRs174 — — 1,178 309 — 1,661 
Non-accrual loans121 — 87 685 17,801 6 18,700 
Total$14,600 $— $3,450 $7,904 $69,177 $6 $95,137 
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