Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2023

Allowance for Credit Losses

Schedule of changes in the allowance for credit and loan losses

					Consumer
(Dollars in thousands)	Commercial		Consumer		Finance		Total
Allowance for credit losses:
Balance at December 31, 2022	$	11,219	$	3,330	$	25,969	$	40,518
Impact of ASC 326 adoption on non-PCD loans		(617)		98		406		(113)
Impact of ASC 326 adoption on PCD loans		595		9		—		604
Provision charged to operations		978		498		6,650		8,126
Loans charged off		(16)		(356)		(13,743)		(14,115)
Recoveries of loans previously charged off		156		179		4,296		4,631
Balance at December 31, 2023	$	12,315	$	3,758	$	23,578	$	39,651

	Real Estate				Commercial,
	Residential		Real Estate		Financial &		Equity				Consumer
(Dollars in thousands)	Mortgage		Construction		Agricultural		Lines		Consumer		Finance		Total
Balance at December 31, 2020	$	2,914	$	975	$	10,696	$	687	$	371	$	23,513	$	39,156
Provision charged to operations		(279)		(119)		385		(95)		(137)		820		575
Loans charged off		—		—		—		—		(184)		(4,381)		(4,565)
Recoveries of loans previously charged off		25		—		4		1		122		4,839		4,991
Balance at December 31, 2021		2,660		856		11,085		593		172		24,791		40,157
Provision charged to operations		(54)		(68)		(534)		(98)		186		3,740		3,172
Loans charged off		(2)		—		(140)		—		(260)		(7,016)		(7,418)
Recoveries of loans previously charged off		18		—		20		2		113		4,454		4,607
Balance at December 31, 2022	$	2,622	$	788	$	10,431	$	497	$	211	$	25,969	$	40,518

Schedule of breakdown of provision for credit losses

	Year Ended December 31,
(Dollars in thousands)	2023		2022		2021
Provision for credit losses:
Provision for loans	$	8,126	$	3,172	$	575
Provision for unfunded commitments		149		—		—
Total	$	8,275	$	3,172	$	575

Schedule of loans by credit quality indicators

													Revolving		Revolving
	Term Loans Recorded Balance by Origination Year												Loans		Loans
													Recorded		Converted
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Balance		to Term		Total
Commercial real estate:
Loan Rating
Pass	$	81,324	$	125,278	$	155,805	$	121,365	$	37,383	$	140,158	$	—	$	119	$	661,432
Special Mention		—		—		5,731		—		—		959		—		—		6,690
Total	$	81,324	$	125,278	$	161,536	$	121,365	$	37,383	$	141,117	$	—	$	119	$	668,122
Commercial business:
Loan Rating
Pass	$	18,682	$	18,190	$	17,219	$	12,062	$	14,847	$	15,339	$	18,686	$	261	$	115,286
Special Mention		62		—		—		—		—		—		—		—		62
Total	$	18,744	$	18,190	$	17,219	$	12,062	$	14,847	$	15,339	$	18,686	$	261	$	115,348
Construction - commercial real estate:
Loan Rating
Pass	$	29,346	$	36,907	$	—	$	3,515	$	—	$	—	$	—	$	—	$	69,768
Total	$	29,346	$	36,907	$	—	$	3,515	$	—	$	—	$	—	$	—	$	69,768
Land acquisition and development:
Loan Rating
Pass	$	4,562	$	4,665	$	9,844	$	9,993	$	—	$	—	$	—	$	—	$	29,064
Total	$	4,562	$	4,665	$	9,844	$	9,993	$	—	$	—	$	—	$	—	$	29,064
Builder lines:
Loan Rating
Pass	$	17,919	$	5,124	$	1,221	$	—	$	404	$	—	$	—	$	—	$	24,668
Total	$	17,919	$	5,124	$	1,221	$	—	$	404	$	—	$	—	$	—	$	24,668
Construction - consumer real estate:
Loan Rating
Pass	$	7,889	$	3,240	$	—	$	—	$	—	$	—	$	94	$	—	$	11,223
Total	$	7,889	$	3,240	$	—	$	—	$	—	$	—	$	94	$	—	$	11,223
Residential mortgage:
Loan Rating
Pass	$	59,441	$	91,086	$	44,292	$	40,089	$	11,524	$	46,192	$	—	$	—	$	292,624
Special Mention		—		—		—		—		—		44		—		—		44
Substandard		—		—		—		103		—		165		—		—		268
Substandard Nonaccrual		—		—		—		—		62		258		—		—		320
Total	$	59,441	$	91,086	$	44,292	$	40,192	$	11,586	$	46,659	$	—	$	—	$	293,256
Equity lines:
Loan Rating
Pass	$	—	$	—	$	34	$	70	$	—	$	857	$	50,120	$	344	$	51,425
Special Mention		—		—		—		—		—		—		—		85		85
Substandard		—		—		—		—		5		—		—		—		5
Substandard Nonaccrual		—		—		—		—		—		9		—		68		77
Total	$	—	$	—	$	34	$	70	$	5	$	866	$	50,120	$	497	$	51,592
Other consumer:
Loan Rating
Pass	$	6,263	$	2,762	$	606	$	282	$	101	$	519	$	46	$	—	$	10,579
Substandard Nonaccrual		—		—		—		—		9		—		—		—		9
Total	$	6,263	$	2,762	$	606	$	282	$	110	$	519	$	46	$	—	$	10,588
Total:
Loan Rating
Pass	$	225,426	$	287,252	$	229,021	$	187,376	$	64,259	$	203,065	$	68,946	$	724	$	1,266,069
Special Mention		62		—		5,731		—		—		1,003		—		85		6,881
Substandard		—		—		—		103		5		165		—		—		273
Substandard Nonaccrual		—		—		—		—		71		267		—		68		406
Total	$	225,488	$	287,252	$	234,752	$	187,479	$	64,335	$	204,500	$	68,946	$	877	$	1,273,629

															Revolving
	Term Loans Recorded Balance by Origination Year														Loans
													Revolving		Converted
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Loans		to Term		Total
Consumer finance - automobiles:
Credit rating
Very good	$	14,916	$	12,395	$	4,291	$	1,012	$	277	$	22	$	—	$	—	$	32,913
Good		35,203		42,800		15,530		3,338		1,090		325		—		—		98,286
Fairly good		44,227		54,968		26,645		6,186		3,984		1,470		—		—		137,480
Fair		28,779		36,794		22,266		7,014		4,808		1,908		—		—		101,569
Marginal		6,359		8,956		7,715		3,322		2,832		1,844		—		—		31,028
Total	$	129,484	$	155,913	$	76,447	$	20,872	$	12,991	$	5,569	$	—	$	—	$	401,276
Consumer finance - marine and recreational vehicles:
Credit rating
Very good	$	7,481	$	15,000	$	9,857	$	9,952	$	2,518	$	2,438	$	—	$	—	$	47,246
Good		7,419		8,130		1,602		1,384		410		453		—		—		19,398
Fairly good		265		221		37		30		—		37		—		—		590
Total	$	15,165	$	23,351	$	11,496	$	11,366	$	2,928	$	2,928	$	—	$	—	$	67,234
Total:
Credit rating
Very good	$	22,397	$	27,395	$	14,148	$	10,964	$	2,795	$	2,460	$	—	$	—	$	80,159
Good		42,622		50,930		17,132		4,722		1,500		778		—		—		117,684
Fairly good		44,492		55,189		26,682		6,216		3,984		1,507		—		—		138,070
Fair		28,779		36,794		22,266		7,014		4,808		1,908		—		—		101,569
Marginal		6,359		8,956		7,715		3,322		2,832		1,844		—		—		31,028
Total	$	144,649	$	179,264	$	87,943	$	32,238	$	15,919	$	8,497	$	—	$	—	$	468,510

															Revolving
	Current Period Gross Charge-offs by Origination Year														Loans
													Revolving		Converted
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Loans		to Term		Total
Commercial business	$	—	$	16	$	—	$	—	$	—	$	—	$	—	$	—	$	16
Residential mortgage		—		—		4		—		—		—		—		—		4
Equity lines		—		—		—		—		—		8		—		—		8
Other consumer1		308		28		—		3		2		3		—		—		344
Consumer finance - automobiles		1,246		6,169		3,783		833		735		716		—		—		13,482
Consumer finance - marine and recreational vehicles		—		127		51		40		6		37		—		—		261
Total	$	1,554	$	6,340	$	3,838	$	876	$	743	$	764	$	—	$	—	$	14,115

1 Gross charge-offs of other consumer loans for the year ended December 31, 2023 included $308,000 of demand deposit overdrafts that originated in 2023.

			Special				Substandard
(Dollars in thousands)	Pass		Mention		Substandard		Nonaccrual		Total1
Residential mortgage	$	264,891	$	518	$	702	$	156	$	266,267
Real estate – construction:
Construction - commercial real estate		49,136		—		—		—		49,136
Construction - consumer real estate		10,539		—		—		—		10,539
Commercial, financial and agricultural:
Commercial real estate		585,707		738		5,856		—		592,301
Land acquisition and development		37,537		—		—		—		37,537
Builder lines		34,538		—		—		—		34,538
Commercial business		118,605		—		—		—		118,605
Equity lines		43,147		40		5		108		43,300
Other consumer		8,747		191		—		—		8,938
	$	1,152,847	$	1,487	$	6,563	$	264	$	1,161,161

1 At December 31, 2022, the Corporation did not have any loans classified as Doubtful or Loss.

			Non-
(Dollars in thousands)	Performing		Performing		Total
Consumer finance:
Automobiles	$	410,270	$	842	$	411,112
Marine and recreational vehicles		63,362		83		63,445
	$	473,632	$	925	$	474,557

Schedule of balance of the allowance for loan losses and the allowance by impairment methodology

	Real Estate				Commercial,
	Residential		Real Estate		Financial &		Equity				Consumer
(Dollars in thousands)	Mortgage		Construction		Agricultural		Lines		Consumer		Finance		Total
Allowance balance attributable to loans:
Individually evaluated for impairment	$	51	$	—	$	—	$	—	$	—	$	—	$	51
Collectively evaluated for impairment		2,571		788		10,431		497		211		25,969		40,467
Acquired loans - PCI		—		—		—		—		—		—		—
Total allowance	$	2,622	$	788	$	10,431	$	497	$	211	$	25,969	$	40,518
Loans:
Individually evaluated for impairment	$	797	$	—	$	—	$	26	$	—	$	—	$	823
Collectively evaluated for impairment		265,170		59,675		781,867		43,259		8,912		474,557		1,633,440
Acquired loans - PCI		300		—		1,114		15		26		—		1,455
Total loans	$	266,267	$	59,675	$	782,981	$	43,300	$	8,938	$	474,557	$	1,635,718