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Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Loans, by Major Class Within the Company's Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at December 31, 2024 and 2023 were as follows:
(dollars in thousands)20242023
Commercial, financial, and agricultural$202,329 $226,275 
Real estate construction − residential
32,046 58,347 
Real estate construction − commercial
80,435 130,296 
Real estate mortgage − residential
361,735 372,391 
Real estate mortgage − commercial
775,594 731,024 
Installment and other consumer14,021 20,814 
Total loans held for investment$1,466,160 $1,539,147 
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:
(dollars in thousands)
Balance at December 31, 2023
$9,597 
New loans9,452 
Amounts collected(6,474)
Balance at December 31, 2024
$12,575 
Schedule of the Allowance for Loan Losses
The following table illustrates the changes in the allowance for credit losses by portfolio segment:
(dollars in thousands)Commercial,
Financial, &
Agricultural		 Real Estate
Construction -
Residential		 Real Estate
Construction -
Commercial		 Real Estate
Mortgage -
Residential		 Real Estate
Mortgage -
Commercial		 Installment
and other
Consumer		 Un-
allocated		 Total
Balance at, December 31, 20212,717 137 588 2,482 10,662 256 61 16,903 
Charge-offs(135)— — — (181)(321)— (637)
Recoveries56 — 22 45 11 88 — 222 
Provision for (release of) loan losses (1)97 20 265 802 (2,492)303 105 (900)
Balance at, December 31, 20222,735 157 875 3,329 8,000 326 166 15,588 
Adoption of ASU 2016-13$(649)$291 $2,894 $1,890 $1,613 $(80)$(166)$5,793 
Balance at January 1, 20232,086 448 3,769 5,219 9,613 246 — 21,381 
Charge-offs(161)— — (88)(32)(347)— (628)
Recoveries192 — 22 23 4 85 — 326 
Provision for (release of) credit losses1,091 595 (518)110 952 248 187 2,665 
Balance at, December 31, 20233,208 1,043 3,273 5,264 10,537 232 187 23,744 
Charge-offs$(2,238)$— $— $(51)$(437)$(265)$— $(2,991)
Recoveries118 — 27 13 — 108 — 266 
Provision for (release of) credit losses472 (465)(1,079)84 2,205 63 (255)1,025 
Balance at, December 31, 20241,560 578 2,221 5,310 12,305 138 (68)22,044 
(1) Beginning January 1, 2023, calculation is based on CECL methodology. Prior to January 1, 2023, calculation was based on probable incurred loss methodology.
Schedule of Risk Categories by Class
The amortized cost of collateral-dependent loans by class as of December 31, 2024 and 2023 was as follows:
Collateral Type
(dollars in thousands)Real EstateOtherAllowance Allocated
December 31, 2024
Commercial, financial, and agricultural$— $766 $125 
Real estate construction − residential454 — 194 
Real estate mortgage − commercial65 — — 
Total$519 $766 $319 
December 31, 2023
Commercial, financial, and agricultural$— $2,221 $1,300 
Real estate construction − residential432 — 164 
Real estate mortgage − residential46 — 19 
Real estate mortgage − commercial2,369 — — 
Total$2,847 $2,221 $1,483 
The following table presents the recorded investment by risk categories at December 31, 2024:
Term Loans
Amortized Cost Basis by Origination Year and Risk Grades
(dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost BasisTotal
December 31, 2024
Commercial, Financial, & Agricultural
Pass$22,726 $21,302 $30,025 $25,338 $26,557 $3,932 $62,205 $1,531 $193,616 
Watch— 120 1,473 — — 262 504 — 2,359 
Special Mention— — — — 309 — 741 — 1,050 
Substandard— — 3,350 628 — — — 403 4,381 
Doubtful— — — — — — 79 — 79 
Non-accrual loans286 87 78 — 37 — 356 — 844 
Total$23,012 $21,509 $34,926 $25,966 $26,903 $4,194 $63,885 $1,934 $202,329 
Gross YTD charge-offs— 230 — 104 2 106 1,796 — 2,238 
Real Estate Construction - Residential
Pass$16,368 $13,808 $601 $617 $165 $— $— $33 $31,592 
Non-accrual loans454 — — — — — — — 454 
Total$16,822 $13,808 $601 $617 $165 $— $— $33 $32,046 
Gross YTD charge-offs— — — — — — — — — 
Real Estate Construction - Commercial
Pass$49,742 $7,057 $10,424 $3,828 $622 $564 $7,072 $— $79,309 
Watch911 124 13 — — — — — 1,048 
Substandard— 29 — — — — — — 29 
Non-accrual loans— — — — — 49 — — 49 
Total$50,653 $7,210 $10,437 $3,828 $622 $613 $7,072 $— $80,435 
Gross YTD charge-offs— — — — — — — — — 
Real Estate Mortgage - Residential
Pass$30,005 $46,795 $115,928 $49,519 $42,036 $23,440 $44,148 $1,543 $353,414 
Watch5,702 — 40 391 423 675 30 — 7,261 
Substandard— — — — — 98 — — 98 
Non-accrual loans— — 426 89 — 278 169 — 962 
Total$35,707 $46,795 $116,394 $49,999 $42,459 $24,491 $44,347 $1,543 $361,735 
Gross YTD charge-offs— — — — — 14 37 — 51 
Real Estate Mortgage - Commercial
Pass$56,648 $117,853 $212,698 $203,591 $69,342 $57,352 $14,815 $137 $732,436 
Watch2,298 51 4,763 1,961 — 184 — 581 9,838 
Special Mention27,271 — 5,679 — — — — — 32,950 
Substandard— — 231 — — — — — 231 
Non-accrual loans64 75 — — — — — — 139 
Total$86,281 $117,979 $223,371 $205,552 $69,342 $57,536 $14,815 $718 $775,594 
Gross YTD charge-offs— 340 — 65 — 32 — — 437 
Installment and other Consumer
Pass$2,188 $3,636 $3,591 $1,165 $554 $2,805 $72 $— $14,011 
Non-accrual loans— — — — — 10 — — 10 
Total$2,188 $3,636 $3,591 $1,165 $554 $2,815 $72 $— $14,021 
Gross YTD charge-offs10 11 9 3 1 230 1 — 265 
Total Portfolio
Pass$177,677 $210,451 $373,267 $284,058 $139,276 $88,093 $128,312 $3,244 $1,404,378 
Watch8,911 295 6,289 2,352 423 1,121 534 581 20,506 
Special Mention27,271 — 5,679 — 309 — 741 — 34,000 
Substandard— 29 3,581 628 — 98 — 403 4,739 
Doubtful— — — — — — 79 — 79 
Non-accrual loans804 162 504 89 37 337 525 — 2,458 
Total$214,663 $210,937 $389,320 $287,127 $140,045 $89,649 $130,191 $4,228 $1,466,160 
Total Gross YTD charge-offs$10 $581 $9 $172 $3 $382 $1,834 $— $2,991 
The following table presents the recorded investment by risk categories at December 31, 2023:
Term Loans
Amortized Cost Basis by Origination Year and Risk Grades
(dollars in thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost BasisTotal
December 31, 2023
Commercial, Financial, & Agricultural
Pass$40,103 $43,082 $32,812 $30,965 $4,774 $5,022 $55,379 $213 $212,350 
Watch1 2,505 32 586 3 282 2,502 — 5,911 
Substandard371 3,758 19 16 — — 323 1,299 5,786 
Non-accrual loans159 96 317 — 7 — 1,649 — 2,228 
Total$40,634 $49,441 $33,180 $31,567 $4,784 $5,304 $59,853 $1,512 $226,275 
Gross YTD charge-offs— 1 — — — 160 — — 161 
Real Estate Construction - Residential
Pass$39,847 $17,259 $634 $175 $— $— $— $— $57,915 
Non-accrual loans432 — — — — — — — 432 
Total$40,279 $17,259 $634 $175 $— $— $— $— $58,347 
Gross YTD charge-offs— — — — — — — — — 
Real Estate Construction - Commercial
Pass$49,041 $53,058 $24,371 $1,040 $31 $735 $187 $— $128,463 
Watch934 17 — — — — 103 — 1,054 
Substandard710 — — — — — — — 710 
Non-accrual loans— — — — — 69 — — 69 
Total$50,685 $53,075 $24,371 $1,040 $31 $804 $290 $— $130,296 
Gross YTD charge-offs— — — — — — — — — 
Real Estate Mortgage - Residential
Pass$65,472 $121,430 $62,998 $47,884 $7,242 $19,193 $44,574 $202 $368,995 
Watch179 251 411 293 71 1,310 23 — 2,538 
Substandard16 — — 129 — 126 — — 271 
Non-accrual loans— 23 93 135 — 246 90 — 587 
Total$65,667 $121,704 $63,502 $48,441 $7,313 $20,875 $44,687 $202 $372,391 
Gross YTD charge-offs— — — 75 — — 13 — 88 
Real Estate Mortgage - Commercial
Pass$99,081 $208,699 $204,789 $84,363 $27,085 $39,941 $16,059 $659 $680,676 
Watch15,759 10,978 2,737 91 345 897 70 — 30,877 
Substandard— 215 15,944 — 45 289 — — 16,493 
Non-accrual loans1,817 54 712 212 83 — 100 — 2,978 
Total$116,657 $219,946 $224,182 $84,666 $27,558 $41,127 $16,229 $659 $731,024 
Gross YTD charge-offs— — — — — 32 — — 32 
Installment and other Consumer
Pass$7,430 $6,497 $2,720 $1,287 $987 $1,803 $90 $— $20,814 
Total$7,430 $6,497 $2,720 $1,287 $987 $1,803 $90 $— $20,814 
Gross YTD charge-offs84 23 7 — — 232 1 — 347 
Total Portfolio
Pass$300,974 $450,025 $328,324 $165,714 $40,119 $66,694 $116,289 $1,074 $1,469,213 
Watch16,873 13,751 3,180 970 419 2,489 2,698 — 40,380 
Substandard1,097 3,973 15,963 145 45 415 323 1,299 23,260 
Non-accrual loans2,408 173 1,122 347 90 315 1,839 — 6,294 
Total$321,352 $467,922 $348,589 $167,176 $40,673 $69,913 $121,149 $2,373 $1,539,147 
Total Gross YTD charge-offs$84 $24 $7 $75 $— $424 $14 $— $628 
Schedule of Financing Receivable, Nonaccrual
The following tables present the recorded investment in non-accrual loans and loans past due over 90 days still on accrual by class of loans as of December 31, 2024 and 2023.
(dollars in thousands)Non-accrual with no AllowanceNon-accrual with AllowanceTotal Non-accrual90 Days Past Due And Still AccruingTotal Non-performing Loans
December 31, 2024
Commercial, Financial, and Agricultural$— $923 $923 $— $923 
Real estate construction − residential— 454 454 — 454 
Real estate construction − commercial— 49 49 — 49 
Real estate mortgage − residential— 963 963 207 1,170 
Real estate mortgage − commercial— 138 138 — 138 
Installment and Other Consumer— 10 10 3 13 
Total$— $2,537 $2,537 $210 $2,747 
December 31, 2023
Commercial, Financial, and Agricultural$— $2,228 $2,228 $— $2,228 
Real estate construction − residential— 432 432 —432 
Real estate construction − commercial— 69 69 —69 
Real estate mortgage − residential— 587 587 115702 
Real estate mortgage − commercial2,368 610 2,978 —2,978 
Installment and Other Consumer— — — 4 4 
Total$2,368 $3,926 $6,294 $119 $6,413 
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, 2024 and 2023.
(dollars 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, 2024
Commercial, Financial, and Agricultural$201,201 $205 $— $923 $202,329 
Real estate construction − residential31,592 — — 454 32,046 
Real estate construction − commercial80,386 — — 49 80,435 
Real estate mortgage − residential358,393 2,172 207 963 361,735 
Real estate mortgage − commercial773,918 1,538 — 138 775,594 
Installment and Other Consumer13,900 108 3 10 14,021 
Total$1,459,390 $4,023 $210 $2,537 $1,466,160 
December 31, 2023
Commercial, Financial, and Agricultural$223,845 $202 $— $2,228 $226,275 
Real estate construction − residential57,568 347 — 432 58,347 
Real estate construction − commercial130,227 — — 69 130,296 
Real estate mortgage − residential368,956 2,733 115 587 372,391 
Real estate mortgage − commercial728,029 17 — 2,978 731,024 
Installment and Other Consumer20,607 203 4 — 20,814 
Total$1,529,232 $3,502 $119 $6,294 $1,539,147