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LOANS
6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
LOANS LOANS
The Company uses four different categories to classify loans in its portfolio based on the underlying collateral securing each loan. The loans grouped together in each category have been determined to share similar risk characteristics with respect to credit quality. Those four categories are commercial, financial and agriculture, commercial real estate, consumer real estate, consumer installment;
Commercial, financial and agriculture – Commercial, financial and agriculture loans include loans to business entities issued for commercial, industrial, or other business purposes. This type of commercial loan shares a similar risk characteristic in that unlike commercial real estate loans, repayment is largely dependent on cash flow generated from the operation of the business.
Commercial real estate – Commercial real estate loans are grouped as such because repayment is mainly dependent upon either the sale of the real estate, operation of the business occupying the real estate, or refinance of the debt obligation. This includes both owner-occupied and non-owner occupied CRE secured loans, because they share similar risk characteristics related to these variables.
Consumer real estate – Consumer real estate loans consist primarily of loans secured by 1-4 family residential properties and/or residential lots. This includes loans for the purpose of constructing improvements on the residential property, as well as home equity lines of credit.
Consumer installment – Installment and other loans are all loans issued to individuals that are not for any purpose related to operation of a business, and not secured by real estate. Repayment on these loans is mostly dependent on personal income, which may be impacted by general economic conditions.
The following table shows the composition of the loan portfolio:
($ in thousands)June 30, 2022December 31, 2021
Loans held for sale
Mortgage loans held for sale$6,703 $7,678 
Total LHFS$6,703 $7,678 
Loans held for investment
Commercial, financial and agriculture (1)$402,619 $397,516 
Commercial real estate1,810,204 1,683,698 
Consumer real estate871,051 838,654 
Consumer installment41,050 39,685 
Total loans3,124,924 2,959,553 
Less allowance for credit losses(32,400)(30,742)
Net LHFI$3,092,524 $2,928,811 
____________________________________________________________
(1)
Loan balance includes $6.3 million and $41.1 million in Paycheck Protection Program (“PPP”) loans as of June 30, 2022 and December 31, 2021, respectively.
Accrued interest receivable is not included in the amortized cost basis of the Company’s LHFI. At June 30, 2022 and December 31, 2021, accrued interest receivable for LHFI totaled $15.3 million and $16.4 million, respectively, with no related ACL and was reported in interest receivable on the accompanying consolidated balance sheet.
Nonaccrual and Past Due LHFI
Past due LHFI are loans contractually past due 30 days or more as to principal or interest payments. Generally, the Company will place a delinquent loan in nonaccrual status when the loan becomes 90 days or more past due. At the time a loan is placed in nonaccrual status, all interest which has been accrued on the loan but remains unpaid is reversed and deducted from earnings as a reduction of reported interest income. No additional interest is accrued on the loan balance until the collection of both principal and interest becomes reasonably certain.
The following tables presents the aging of the amortized cost basis in past due loans in addition to those loans classified as nonaccrual including purchase credit deteriorated (“PCD”) loans:
($ in thousands)June 30, 2022
Past Due
30 to 89
Days
Past Due
90 Days
or More and
Still Accruing
NonaccrualPCDTotal
Past Due,
Nonaccrual
and PCD
Total
LHFI
Nonaccrual
and PCD
with No ACL
Commercial, financial and agriculture (1)$207 $527 $335 $— $1,069 $402,619 $218 
Commercial real estate1,894 — 17,733 1,402 21,029 1,810,204 1,487 
Consumer real estate1,437 — 2,928 1,276 5,641 871,051 90 
Consumer installment194 — — 198 41,050 — 
Total$3,732 $527 $21,000 $2,678 $27,937 $3,124,924 $1,795 
___________________________________________________________
(1)
Total loan balance includes $6.3 million in PPP loans as of June 30, 2022.
December 31, 2021
($ in thousands)Past Due
30 to 89
Days
Past Due 90
Days or
More and
Still Accruing
NonaccrualPCDTotal
Past Due,
Nonaccrual
and PCD
Total
LHFI
Nonaccrual
and PCD
with No ACL
Commercial, financial and agriculture (1)$246 $— $190 $— $436 $397,516 $— 
Commercial real estate453 — 19,445 2,082 21,980 1,683,698 1,661 
Consumer real estate2,140 45 3,776 2,512 8,473 838,654 1,488 
Consumer installment121 — 129 39,685 — 
Total$2,960 $45 $23,418 $4,595 $31,018 $2,959,553 $3,149 
___________________________________________________________
(1)
Total loan balance includes $41.1 million in PPP loans as of December 31, 2021.
Acquired Loans
As of June 30, 2022, and December 31, 2021 the amortized cost of the Company’s PCD loans totaled $6.2 million and $8.6 million, respectively, which had an estimated ACL of $584 thousand and $855 thousand, respectively.
Troubled Debt Restructurings
If the Company grants a concession to a borrower for economic or legal reasons related to a borrower’s financial difficulties that it would not otherwise consider, the loan is classified as TDRs.
In response to the Coronavirus Disease 2019 (“COVID-19”) pandemic and its economic impact to its customers, the Company implemented a short-term modification program in accordance with interagency regulatory guidance to provide temporary payment relief to those borrowers directly impacted by COVID-19 who were not more than 30 days past due at the time of the modification. This program allowed for a deferral of payments for up two successive 90-day periods for a cumulative maximum of 180 days. Pursuant to interagency guidance, such short-term deferrals are not deemed to meet the criteria for reporting as TDRs. For borrowers requiring a longer-term modification following the short-term loan modification program the Company worked with these borrowers whose loans were not more than 30 days past due at December 31, 2019 and who required modification as a result of COVID-19 to modify such loans under Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).
As of June 30, 2022, and December 31, 2021, the Company had TDRs totaling $21.1 million and $24.2 million, respectively. As of June 30, 2022, the Company had no additional amount committed on any loan classified as TDR. As of June 30, 2022, and December 31, 2021, TDRs had a related ACL of $3.8 million and $4.3 million, respectively.
The following table presents LHFI by class modified as TDRs that occurred during the three and six months ended June 30, 2022 and 2021.
($ in thousands, except for number of loans)Three Months Ended June 30,
2022Number of
Loans
Outstanding
Recorded
Investment
Pre-Modification
Outstanding
Recorded
Investment
Post-Modification
Commercial, financial and agriculture1$15$15
Total1$15$15
2021
Commercial real estate2$237$237
Consumer real estate1$54 $44 
Total3$291$281
The TDRs presented above increased the ACL $0 and $21 thousand and resulted in no charge-offs for the three months period ended June 30, 2022 and 2021, respectively.
($ in thousands, except for number of loans)Six Months Ended June 30,
2022Number of
Loans
Outstanding
Recorded
Investment
Pre-Modification
Outstanding
Recorded
Investment
Post-Modification
Commercial, financial and agriculture1$15$15
Total1$15$15
2021
Commercial real estate2$237$237
Consumer real estate1$54 $44 
Total3$291$281
The TDRs presented above increased the ACL $0 and $21 thousand and resulted in no charge-offs for the six months period ended June 30, 2022 and 2021, respectively.
The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans).
Troubled Debt Restructurings
That Subsequently Defaulted:
Six Months Ended June 30,
20222021
Number of
Loans
Recorded
Investment
Number of
Loans
Recorded
Investment
Commercial real estate3$4,562 3$1,027 
Consumer real estate3133 144 
Total6$4,695 4$1,071 
The modifications described above included one of the following or a combination of the following: maturity date extensions, interest only payments, amortizations were extended beyond what would be available on similar type loans, and payment waiver. No interest rate concessions were given on these loans nor were any of these loans written down. A loan is considered to be in a payment default once it is 30 days contractually past due under the modified terms. The TDRs presented above increased the ACL $1.5 million and $238 thousand and resulted in no charge-offs for the six months period ended June 30, 2022 and 2021, respectively.
The following tables represents the Company’s TDRs at June 30, 2022 and December 31, 2021:
June 30, 2022Current
Loans
Past Due
30-89
Past Due 90
days and still
accruing
NonaccrualTotal
($ in thousands)
Commercial, financial and agriculture$15 $— $— $65 $79 
Commercial real estate3,142 — — 15,849 18,991 
Consumer real estate1,157 — — 902 2,059 
Consumer installment15 — — — 15 
Total$4,329 $— $— $16,816 $21,144 
Allowance for credit losses$53 $— $— $3,778 $3,831 
December 31, 2021Current
Loans
Past Due
30-89
Past Due 90
days and still
accruing
NonaccrualTotal
($ in thousands)
Commercial, financial and agriculture$63$$$107$170
Commercial real estate3,36716,85820,225
Consumer real estate1,7721,9733,745
Consumer installment1818
Total$5,220$$$18,938$24,158
Allowance for credit losses$90$$$4,217$4,307
Collateral Dependent Loans
The following table presents the amortized cost basis of collateral dependent individually evaluated loans by class of loans as of June 30, 2022 and December 31, 2021:
June 30, 2022
($ in thousands)Real PropertyEquipmentTotal
Commercial, financial and agriculture$— $218 $218 
Commercial real estate1,487 — 1,487 
Consumer real estate312 — 312 
Total$1,799 $218 $2,017 
December 31, 2021
($ in thousands)Real PropertyTotal
Commercial real estate$1,712$1,712
Consumer real estate1,8581,858
Total$3,570$3,570
A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale of the collateral. The following provides a qualitative description by class of loan of the collateral that secures the Company’s collateral-dependent LHFI:
Commercial, financial and agriculture – Loans within these loan classes are secured by equipment, inventory accounts, and other non-real estate collateral.
Commercial real estate – Loans within these loan classes are secured by commercial real property.
Consumer real estate - Loans within these loan classes are secured by consumer real property.
Consumer installment - Loans within these loan classes are secured by consumer goods, equipment, and non-real estate collateral.
There have been no significant changes to the collateral that secures these financial assets during the period.
Loan Participations
The Company has loan participations, which qualify as participating interest, with other financial institutions. As of June 30, 2022, these loans totaled $148.6 million, of which $62.4 million had been sold to other financial institutions and $86.2 million was purchased by the Company. As of December 31, 2021, these loans totaled $118.4 million, of which $77.8 million had been sold to other financial institutions and $40.6 million was purchased by the Company. The loan participations convey proportionate ownership rights with equal priority to each participating interest holder; involving no recourse (other than ordinary representations and warranties) to, or subordination by, any participating interest holder; all cash flows are divided among the participating interest holders in proportion to each holder’s share of ownership; and no holder has the right to pledge the entire financial asset unless all participating interest holders agree.
Credit Quality Indicators
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. The Company uses the following definitions for risk ratings:
Pass: Loan classified as pass are deemed to possess average to superior credit quality, requiring no more than normal attention.
Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date.
Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
These above classifications were the most current available as of June 30, 2022, and were generally updated within the prior year.
The tables below present the amortized cost basis of loans by credit quality indicator and class of loans based on the most recent analysis performed at June 30, 2022 and December 31, 2021. Revolving loans converted to term as of the six months ended June 30, 2022 and December 31, 2021 were not material to the total loan portfolio.
As of June 30, 2022Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Total
($ in thousands)20222021202020192018Prior
Commercial, financial and
agriculture:
Risk Rating
Pass$78,092 $118,432 $50,598 $46,425 $46,582 $60,811 $66 $401,006 
Special mention— — 218 336 — 416 — 970 
Substandard35 40 — 47 50 471 — 643 
Doubtful— — — — — — — — 
Total commercial, financial and agriculture$78,126 $118,472 $50,816 $46,808 $46,632 $61,698 $66 $402,619 
Commercial real estate:
Risk Rating
Pass$288,699 $417,922 $283,843 $185,986 $149,012 $396,464 $— $1,721,925 
Special mention— 1,309 2,269 1,725 6,911 13,889 — 26,104 
Substandard— 4,973 2,761 2,284 16,362 35,121 — 61,501 
Doubtful— — — — — 675 — 675 
Total commercial real estate$288,699 $424,204 $288,874 $189,995 $172,284 $446,149 $— $1,810,204 
Consumer real estate:
Risk Rating
Pass$139,239 $224,599 $135,559 $56,347 $55,459 $144,043 $99,869 $855,114 
Special mention— — — 201 26 3,028 — 3,254 
Substandard53 424 420 653 2,569 7,145 1,418 12,683 
Doubtful— — — — — — — — 
Total consumer real estate$139,292 $225,023 $135,978 $57,201 $58,053 $154,215 $101,287 $871,051 
Consumer installment:
Risk Rating
Pass$10,954 $13,170 $6,613 $2,895 $998 $1,853 $4,502 $40,986 
Special mention— — — — — — — — 
Substandard22 23 — 63 
Doubtful— — — — — — — — 
Total consumer installment$10,976 $13,175 $6,636 $2,897 $1,001 $1,863 $4,502 $41,050 
Total
Pass$516,984 $774,123 $476,613 $291,654 $252,050 $603,170 $104,438 $3,019,031 
Special mention— 1,309 2,488 2,261 6,937 17,333 — 30,328 
Substandard109 5,441 3,204 2,986 18,984 42,746 1,418 74,890 
Doubtful— — — — — 675 — 675 
Total$517,093 $780,874 $482,304 $296,901 $277,971 $663,924 $105,856 $3,124,924 
As of December 31, 2021Term Loans Amortized Cost Basis by Origination YearRevolving
Loans
Total
($ in thousands)20212020201920182017Prior
Commercial, financial and:
agriculture
Risk Rating
Pass$152,798 $60,106 $52,802 $47,988 $22,083 $43,773 $178 $379,728 
Special mention— 255 749 90 481 29 — 1,604 
Substandard— — 1,398 6,184 360 8,242 — 16,184 
Doubtful— — — — — — — — 
Total commercial, financial and agriculture$152,798 $60,361 $54,949 $54,262 $22,924 $52,044 $178 $397,516 
Commercial real estate:        
Risk Rating
Pass$402,284 $313,288 $207,879 $177,943 $134,234 $332,588 $— $1,568,216 
Special mention1,326 2,259 1,782 15,076 2,779 15,519 — 38,741 
Substandard3,904 3,189 1,931 17,147 18,814 31,756 — 76,741 
Doubtful— — — — — — — — 
Total commercial real estate$407,514 $318,736 $211,592 $210,166 $155,827 $379,863 $— $1,683,698 
Consumer real estate:        
Risk Rating
Pass$243,340 $164,359 $70,465 $66,940 $51,988 $121,238 $98,444 $816,774 
Special mention— — 331 26 1,746 1,949 — 4,052 
Substandard444 532 1,280 3,410 1,288 9,241 1,633 17,828 
Doubtful— — — — — — — — 
Total consumer real estate$243,784 $164,891 $72,076 $70,376 $55,022 $132,428 $100,077 $838,654 
Consumer installment:
Risk Rating
Pass$17,980 $9,245 $4,222 $1,645 $1,088 $1,758 $3,697 $39,635 
Special mention— — — — — — 
Substandard— 26 — 49 
Doubtful— — — — — — — — 
Total consumer installment$17,980 $9,271 $4,225 $1,650 $1,097 $1,765 $3,697 $39,685 
Total
Pass$816,402 $546,998 $335,368 $294,516 $209,393 $499,357 $102,319 $2,804,353 
Special mention1,326 2,514 2,862 15,192 5,007 17,497 — 44,398 
Substandard4,348 3,747 4,612 26,746 20,470 49,246 1,633 110,802 
Doubtful— — — — — — — — 
Total $822,076 $553,259 $342,842 $336,454 $234,870 $566,100 $103,952 $2,959,553 
Allowance for Credit Losses
The ACL is a valuation account that is deducted from loans’ amortized cost basis to present the net amount expected to be collected on the loans. It is comprised of a general allowance for loans that are collectively assessed in pools with similar risk characteristics and a specific allowance for individually assessed loans. The allowance is continuously monitored by management to maintain a level adequate to absorb expected losses inherent in the loan portfolio.
The ACL represents the estimated losses for financial assets accounted for on an amortized cost basis. Expected losses are calculated using relevant information, from internal and external sources, about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in
underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environment conditions, such as changes in unemployment rates, property values, or other relevant factors. Management may selectively apply external market data to subjectively adjust the Company’s own loss history including index or peer data. Expected losses are estimated over the contractual term of the loans, adjusted for expected prepayments. The contractual term excludes expected extensions, renewals, and modifications. Loans are charged-off against the allowance when management believes the uncollectibility of a loan balance is confirmed and recoveries are credited to the allowance when received. Expected recovery amounts may not exceed the aggregate of amounts previously charged-off.
The ACL is measured on a collective basis when similar risk characteristics exist. Generally, collectively assessed loans are grouped by call code (segments). Segmenting loans by call code will group loans that contain similar types of collateral, purposes, and are usually structured with similar terms making each loan’s risk profile very similar to the rest in that segment. Each of these segments then flows up into one of the four bands (bands), Commercial, Financial, and Agriculture, Commercial Real Estate, Consumer Real Estate, and Consumer Installment. In accordance with the guidance in ASC 326, the Company redefined its LHFI portfolio segments and related loan classes based on the level at which risk is monitored within the ACL methodology. Construction loans for 1-4 family residential properties with a call code 1A1, and other construction, all land development and other land loans with a call code 1A2 were previously separated between the Commercial Real Estate or Consumer Real Estate bands based on loan type code. Under our ASC 326 methodology 1A1 loans are all defined as part of the Consumer Real Estate band and 1A2 loans are all defined as part of the Commercial Real Estate Band.
The probability of default (“PD”) calculation analyzes the historical loan portfolio over the given lookback period to identify, by segment, loans that have defaulted. A default is defined as a loan that has moved to past due 90 days and greater, nonaccrual status, or experienced a charge-off during the period. The model observes loans over a 12-month window, detecting any events previously defined. This information is then used by the model to calculate annual iterative count-based PD rates for each segment. This process is then repeated for all dates within the historical data range. These averaged PD’s are used for an immediate reversion back to the historical mean. The historical data used to calculate this input was captured by the Company from 2009 through the most recent quarter end.
The Company utilizes reasonable and supportable forecasts of future economic conditions when estimating the ACL on loans. The model’s calculation also includes a 24-month forecasted PD based on a regression model that calculated a comparison of the Company’s historical loan data to various national economic metrics during the same periods. The results showed the Company’s past losses having a high rate of correlation to unemployment, both regionally and nationally. Using this information, along with the most recently published Wall Street Journal survey of sixty economists’ forecasts predicting unemployment rates out over the next eight quarters, a corresponding future PD can be calculated for the forward-looking 24-month period. This data can also be used to predict loan losses at different levels of stress, including a baseline, adverse and severely adverse economic condition. After the forecast period, PD rates revert to the historical mean of the entire data set.
The LGD calculation is based on actual losses (charge-offs, net recoveries) at a loan level experienced over the entire lookback period aggregated to get a total for each segment of loans. The aggregate loss amount is divided by the exposure at default to determine an LGD rate. Defaults occurring during the lookback period are included in the denominator, whether a loss occurred or not and exposure at default is determined by the loan balance immediately preceding the default event. If there is not a minimum of five past defaults in a loan segment, or less than 15.0% calculated LGD rate, or the total balance at default is less than 1% of the balance in the respective call code as of the model run date, a proxy index is used. This index is proprietary to the Company’s ACL modeling vendor derived from loss data of other client institutions similar in organization structure to the Company. The vendor also provides a “crisis” index derived from loss data between the post-recessionary years of 2008-2013 that the Company uses.
The model then uses these inputs in a non-discounted version of DCF methodology to calculate the quantitative portion of estimated losses. The model creates loan level amortization schedules that detail out the expected monthly payments for a loan including estimated prepayments and payoffs. These expected cash flows are discounted back to present value using the loan’s coupon rate instead of the effective interest rate. On a quarterly basis, the Company uses internal credit portfolio data, such as changes in portfolio volume and composition, underwriting practices, and levels of past due loans, nonaccruals and classified assets along with other external information not used in the quantitative calculation to determine if any subjective qualitative adjustments are required so that all significant risks are incorporated to form a sufficient basis to estimate credit losses.
The following table presents the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2022 and 2021:
($ in thousands)Three Months Ended June 30, 2022
Commercial,
Financial and
Agriculture
Commercial
Real Estate
Consumer
Real Estate
Consumer
Installment
Total
Allowance for credit losses:
Beginning balance$4,874 $17,773 $8,492 $481 $31,620 
Provision for credit losses(313)629 62 72 450 
Loans charged-off(94)(24)(140)(168)(426)
Recoveries 44 290 338 84 756 
Total ending allowance balance$4,511 $18,668 $8,752 $469 $32,400 
($ in thousands)Six Months Ended June 30, 2022
Commercial,
Financial and
Agriculture
Commercial
Real Estate
Consumer
Real Estate
Consumer
Installment
Total
Allowance for credit losses:
Beginning balance$4,873 $17,552 $7,889 $428 $30,742 
Provision for credit losses(313)629 62 72 450 
Loans charged-off(146)(27)(147)(337)(657)
Recoveries97 514 948 306 1,865 
Total ending allowance balance$4,511 $18,668 $8,752 $469 $32,400 
($ in thousands)Three Months Ended June 30, 2021
Commercial,
Financial and
Agriculture
Commercial
Real Estate
Consumer
Real Estate
Consumer
Installment
Total
Allowance for credit losses:
Beginning balance$4,158 $17,578 $10,280 $647 $32,663 
Provision for credit losses— — — — — 
Loans charged-off(490)(166)(124)(108)(888)
Recoveries242 161 183 96 682 
Total ending allowance balance$3,910 $17,573 $10,339 $635 $32,457 
($ in thousands)Six Months Ended June 30, 2021
Commercial,
Financial and
Agriculture
Commercial
Real Estate
Consumer
Real Estate
Consumer
Installment
Total
Allowance for credit losses:
Beginning balance$6,214$24,319$4,736$551$35,820
Impact of ASC 326 adoption on non-PCD loans(1,319)(4,607)5,257(49)(718)
Impact of ASC 326 adoption on PCD loans16657537221,115
Provision for credit losses
Loans charged-off(1,476)(3,007)(263)(265)(5,011)
Recoveries3252932373961,251
Total ending allowance balance$3,910$17,573$10,339$635$32,457
The Company recorded a $450 thousand provision for credit losses for the six months ended June 30, 2022, compared to no provision for the same period in 2021. The $450 thousand provision for credit losses is primarily attributed to an increase in total loans held for investment. The Company determined that no provision adjustment was necessary at June 30, 2021 due to the improved macroeconomic outlook.
The following table provides the ending balance in the Company’s LHFI and the ACL, broken down by portfolio segment as of June 30, 2022 and December 31, 2021 ($ in thousands).
June 30, 2022Commercial,
Financial and
Agriculture
Commercial
Real Estate
Consumer
Real Estate
Consumer
Installment
Total
LHFI
Individually evaluated$218 $1,487 $312 $— $2,017 
Collectively evaluated402,401 1,808,717 870,739 41,050 3,122,907 
Total$402,619 $1,810,204 $871,051 $41,050 $3,124,924 
Allowance for Credit Losses     
Individually evaluated$— $— $$— $
Collectively evaluated4,511 18,668 8,746 469 32,394 
Total$4,511 $18,668 $8,752 $469 $32,400 
December 31, 2021Commercial,
Financial and
Agriculture
Commercial
Real Estate
Consumer
Real Estate
Consumer
Installment
Total
LHFI
Individually evaluated$— $1,712 $1,858 $— $3,570 
Collectively evaluated397,516 1,681,986 836,796 39,685 2,955,983 
Total$397,516 $1,683,698 $838,654 $39,685 $2,959,553 
Allowance for Credit Losses     
Individually evaluated$— $$$— $
Collectively evaluated4,873 17,548 7,887 428 30,736 
Total$4,873 $17,552 $7,889 $428 $30,742