| Activity In The Allowance For Loan Losses |
The activity in the ACL for the three-month and six-month periods ended June 30, 2025 and June 30, 2024 is summarized in the following tables:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2025 | | (In thousands) | Commercial,
financial and
agricultural | | Commercial
real estate | | Construction
real estate | | Residential
real estate | | Consumer | | Leases | | Total | | ACL: | | | | | | | | | | | | | | | Beginning balance | $ | 11,408 | | | $ | 19,838 | | | $ | 8,139 | | | $ | 22,749 | | | $ | 25,815 | | | $ | 181 | | | $ | 88,130 | | | Charge-offs | 272 | | | 68 | | | — | | | 100 | | | 3,519 | | | — | | | 3,959 | | | Recoveries | 187 | | | 784 | | | 7 | | | 55 | | | 1,728 | | | — | | | 2,761 | | | Net charge-offs/(recoveries) | $ | 85 | | | $ | (716) | | | $ | (7) | | | $ | 45 | | | $ | 1,791 | | | $ | — | | | $ | 1,198 | | | (Recovery of) provision for credit losses | (220) | | | (55) | | | (381) | | | 1,806 | | | 1,692 | | | 11 | | | 2,853 | | | Ending balance | $ | 11,103 | | | $ | 20,499 | | | $ | 7,765 | | | $ | 24,510 | | | $ | 25,716 | | | $ | 192 | | | $ | 89,785 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2024 | | (In thousands) | Commercial,
financial and
agricultural | | Commercial
real estate | | Construction
real estate | | Residential
real estate | | Consumer | | Leases | | Total | | ACL: | | | | | | | | | | | | | | | Beginning balance | $ | 14,971 | | | $ | 17,181 | | | $ | 5,742 | | | $ | 19,633 | | | $ | 27,394 | | | $ | 163 | | | $ | 85,084 | | | Charge-offs | 286 | | | — | | | — | | | 30 | | | 2,781 | | | — | | | 3,097 | | | Recoveries | 90 | | | 5 | | | 119 | | | 185 | | | 1,076 | | | — | | | 1,475 | | | Net charge-offs/(recoveries) | $ | 196 | | | $ | (5) | | | $ | (119) | | | $ | (155) | | | $ | 1,705 | | | $ | — | | | $ | 1,622 | | | Provision for (recovery of) credit losses | 1,888 | | | (331) | | | 6 | | | (338) | | | 1,890 | | | (2) | | | 3,113 | | | Ending balance | $ | 16,663 | | | $ | 16,855 | | | $ | 5,867 | | | $ | 19,450 | | | $ | 27,579 | | | $ | 161 | | | $ | 86,575 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2025 | | (In thousands) | Commercial,
financial and
agricultural | | Commercial
real estate | | Construction
real estate | | Residential
real estate | | Consumer | | Leases | | Total | | ACL: | | | | | | | | | | | | | | | Beginning balance | $ | 12,683 | | | $ | 19,571 | | | $ | 7,125 | | | $ | 22,355 | | | $ | 26,081 | | | $ | 151 | | | $ | 87,966 | | | Charge-offs | 573 | | | 68 | | | — | | | 125 | | | 6,798 | | | — | | | $ | 7,564 | | | Recoveries | 524 | | | 798 | | | 1,111 | | | 100 | | | 3,241 | | | — | | | $ | 5,774 | | | Net charge-offs/(recoveries) | $ | 49 | | | $ | (730) | | | $ | (1,111) | | | $ | 25 | | | $ | 3,557 | | | $ | — | | | $ | 1,790 | | | (Recovery of) provision for credit losses | (1,531) | | | 198 | | | (471) | | | 2,180 | | | 3,192 | | | 41 | | | $ | 3,609 | | | Ending balance | $ | 11,103 | | | $ | 20,499 | | | $ | 7,765 | | | $ | 24,510 | | | $ | 25,716 | | | $ | 192 | | | $ | 89,785 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2024 | | (In thousands) | Commercial,
financial and
agricultural | | Commercial
real estate | | Construction
real estate | | Residential
real estate | | Consumer | | Leases | | Total | | ACL: | | | | | | | | | | | | | | | Beginning balance | $ | 15,496 | | | $ | 16,374 | | | $ | 5,227 | | | $ | 18,818 | | | $ | 27,713 | | | $ | 117 | | | $ | 83,745 | | | Charge-offs | 506 | | | — | | | — | | | 31 | | | 5,800 | | | — | | | 6,337 | | | Recoveries | 261 | | | 27 | | | 1,033 | | | 267 | | | 2,286 | | | — | | | 3,874 | | | Net charge-offs/(recoveries) | $ | 245 | | | $ | (27) | | | $ | (1,033) | | | $ | (236) | | | $ | 3,514 | | | $ | — | | | $ | 2,463 | | | Provision for (recovery of) credit losses | 1,412 | | | 454 | | | (393) | | | 396 | | | 3,380 | | | 44 | | | 5,293 | | | Ending balance | $ | 16,663 | | | $ | 16,855 | | | $ | 5,867 | | | $ | 19,450 | | | $ | 27,579 | | | $ | 161 | | | $ | 86,575 | |
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| Composition Of The Allowance For Loan Losses |
The composition of the ACL at June 30, 2025 and at December 31, 2024 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | (In thousands) | Commercial,
financial and
agricultural | | Commercial
real estate | | Construction
real estate | | Residential
real estate | | Consumer | | Leases | | Total | | ACL: | | | | | | | | | | | | | | | Ending allowance balance attributed to loans: | | | | | | | | | | | | | | | Individually evaluated for impairment - nonaccrual | $ | 692 | | $ | 82 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 774 | | Individually evaluated for impairment - accrual | — | | — | | — | | — | | — | | — | | — | | Collectively evaluated for impairment | 10,411 | | 20,417 | | 7,765 | | 24,510 | | 25,716 | | 192 | | 89,011 | | Accruing loans acquired with deteriorated credit quality | — | | — | | — | | — | | — | | — | | — | | Total ending allowance balance | $ | 11,103 | | $ | 20,499 | | $ | 7,765 | | $ | 24,510 | | $ | 25,716 | | $ | 192 | | $ | 89,785 | | | | | | | | | | | | | | | | Loan balance: | | | | | | | | | | | | | | | Individually evaluated for impairment - nonaccrual | $ | 22,528 | | $ | 22,534 | | $ | 119 | | $ | 1,363 | | $ | — | | $ | 3 | | $ | 46,547 | | Individually evaluated for impairment - accrual | 14,019 | | — | | | — | | | — | | | — | | | — | | | 14,019 | | Loans collectively evaluated for impairment | 1,177,683 | | 2,082,834 | | 429,914 | | 2,310,437 | | 1,870,856 | | 28,927 | | 7,900,651 | | Accruing loans acquired with deteriorated credit quality | — | | 1,319 | | 557 | | 128 | | — | | — | | 2,004 | | Total ending loan balance | $ | 1,214,230 | | $ | 2,106,687 | | $ | 430,590 | | $ | 2,311,928 | | $ | 1,870,856 | | $ | 28,930 | | $ | 7,963,221 | | | | | | | | | | | | | | | | ACL as a percentage of loan balance: | | | | | | | | | | | | | | | Individually evaluated for impairment - nonaccrual | 3.07 | % | | 0.36 | % | | — | % | | — | % | | — | % | | — | % | | 1.66 | % | | Individually evaluated for impairment - accrual | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | Loans collectively evaluated for impairment | 0.88 | % | | 0.98 | % | | 1.81 | % | | 1.06 | % | | 1.37 | % | | 0.66 | % | | 1.13 | % | | Accruing loans acquired with deteriorated credit quality | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | Total | 0.91 | % | | 0.97 | % | | 1.80 | % | | 1.06 | % | | 1.37 | % | | 0.66 | % | | 1.13 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (In thousands) | | Commercial,
financial and
agricultural | | Commercial
real estate | | Construction
real estate | | Residential
real estate | | Consumer | | Leases | | Total | | ACL: | | | | | | | | | | | | | | | | Ending allowance balance attributed to loans: | | | | | | | | | | | | | | | | Individually evaluated for impairment - nonaccrual | | $ | 1,259 | | $ | — | | $ | — | | $ | 40 | | $ | — | | $ | — | | $ | 1,299 | | Individually evaluated for impairment - accrual | | — | | — | | — | | — | | — | | — | | — | | Collectively evaluated for impairment | | 11,424 | | 19,571 | | 7,125 | | 22,315 | | 26,081 | | 151 | | 86,667 | | Accruing loans acquired with deteriorated credit quality | | — | | — | | — | | — | | — | | — | | — | | Total ending allowance balance | | $ | 12,683 | | $ | 19,571 | | $ | 7,125 | | $ | 22,355 | | $ | 26,081 | | $ | 151 | | $ | 87,966 | | | | | | | | | | | | | | | | | Loan balance: | | | | | | | | | | | | | | | | Individually evaluated for impairment - nonaccrual | | $ | 24,194 | | $ | 23,230 | | $ | 8 | | $ | 5,700 | | $ | — | | $ | 17 | | $ | 53,149 | | Individually evaluated for impairment - accrual | | 15,290 | | — | | — | | — | | — | | — | | 15,290 | | Loans collectively evaluated for impairment | | 1,230,101 | | 1,969,785 | | 411,988 | | 2,194,457 | | 1,910,372 | | 29,812 | | 7,746,515 | | Accruing loans acquired with deteriorated credit quality | | — | | 1,317 | | 581 | | 276 | | — | | — | | 2,174 | | Total ending loan balance | | $ | 1,269,585 | | $ | 1,994,332 | | $ | 412,577 | | $ | 2,200,433 | | $ | 1,910,372 | | $ | 29,829 | | $ | 7,817,128 | | | | | | | | | | | | | | | | | ACL as a percentage of loan balance: | | | | | | | | | | | | | | | | Individually evaluated for impairment - nonaccrual | | 5.20 | % | | — | % | | — | % | | 0.70 | % | | — | % | | — | % | | 2.44 | % | | Individually evaluated for impairment - accrual | | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | Loans collectively evaluated for impairment | | 0.93 | % | | 0.99 | % | | 1.73 | % | | 1.02 | % | | 1.37 | % | | 0.51 | % | | 1.12 | % | | Accruing loans acquired with deteriorated credit quality | | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | — | % | | Total | | 1.00 | % | | 0.98 | % | | 1.73 | % | | 1.02 | % | | 1.37 | % | | 0.51 | % | | 1.13 | % |
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