LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Loans Held for Investment and Allowance for Credit Losses [Abstract] | |
| Composition of the Loan Portfolio | (Dollars in Thousands) June 30, 2026 December 31, 2025 Commercial, Financial and Agricultural $ 172,536 $ 180,341 Real Estate – Construction 149,127 146,920 Real Estate – Commercial Mortgage 750,637 768,731 Real Estate – Residential (1) 1,000,813 1,025,690 Real Estate – Home Equity 244,462 240,897 Consumer (2) 182,296 183,539 Loans Held For Investment, Net of Unearned Income $ 2,499,871 $ 2,546,118 (1) Includes loans in process balances of $ 3.1 5.6 (2) Includes overdraft balances of $ 1.4 1.2 |
| Activity in Allowance for Credit Losses | Commercial, Real Estate Financial, Real Estate Commercial Real Estate Real Estate (Dollars in Thousands) Agricultural Construction Mortgage Residential Home Equity Consumer Total Three Months Ended June 30, 2026 Beginning Balance $ 1,662 $ 1,383 $ 6,579 $ 16,064 $ 2,373 $ 2,938 $ 30,999 Provision for Credit Losses 678 (101) 954 (1,176) 90 459 904 Charge-Offs (577) - - (38) - (1,137) (1,752) Recoveries 65 - 7 27 4 753 856 Net (Charge-Offs) Recoveries (512) - 7 (11) 4 (384) (896) Ending Balance $ 1,828 $ 1,282 $ 7,540 $ 14,877 $ 2,467 $ 3,013 $ 31,007 Six Months Ended June 30, 2026 Beginning Balance $ 1,751 $ 1,681 $ 6,859 $ 15,317 $ 2,368 $ 3,025 $ 31,001 Provision for Credit Losses 815 (399) 590 (506) 98 941 1,539 Charge-Offs (877) - - (38) (13) (2,620) (3,548) Recoveries 139 - 91 104 14 1,667 2,015 Net (Charge-Offs) Recoveries (738) - 91 66 1 (953) (1,533) Ending Balance $ 1,828 $ 1,282 $ 7,540 $ 14,877 $ 2,467 $ 3,013 $ 31,007 Three Months Ended June 30, 2025 Beginning Balance $ 1,468 $ 2,233 $ 6,061 $ 14,885 $ 2,029 $ 3,058 $ 29,734 Provision for Credit Losses (86) (422) 189 363 (33) 707 718 Charge-Offs (74) - - (49) (24) (1,351) (1,498) Recoveries 117 - 6 65 42 678 908 Net (Charge-Offs) Recoveries 43 - 6 16 18 (673) (590) Ending Balance $ 1,425 $ 1,811 $ 6,256 $ 15,264 $ 2,014 $ 3,092 $ 29,862 Six Months Ended June 30, 2025 Beginning Balance $ 1,514 $ 2,384 $ 5,867 $ 14,568 $ 1,952 $ 2,966 $ 29,251 Provision for Credit Losses (39) (573) 380 569 35 1,429 1,801 Charge-Offs (242) - - (57) (24) (2,786) (3,109) Recoveries 192 - 9 184 51 1,483 1,919 Net (Charge-Offs) Recoveries (50) - 9 127 27 (1,303) (1,190) Ending Balance $ 1,425 $ 1,811 $ 6,256 $ 15,264 $ 2,014 $ 3,092 $ 29,862 |
| Loan Portfolio Aging | 30-59 60-89 90 + Total Total Nonaccrual Total (Dollars in Thousands) DPD DPD DPD Past Due Current Loans Loans June 30, 2026 Commercial, Financial and Agricultural $ 197 $ 73 $ - $ 270 $ 171,139 $ 1,127 $ 172,536 Real Estate – Construction - - - - 148,748 379 149,127 Real Estate – Commercial Mortgage 24 - - 24 747,553 3,060 750,637 Real Estate – Residential 368 630 - 998 996,385 3,430 1,000,813 Real Estate – Home Equity 287 - - 287 242,985 1,190 244,462 Consumer 1,029 72 - 1,101 180,370 825 182,296 Total $ 1,905 $ 775 $ - $ 2,680 $ 2,487,180 $ 10,011 $ 2,499,871 December 31, 2025 Commercial, Financial and Agricultural $ 537 $ 172 $ - $ 709 $ 178,354 $ 1,278 $ 180,341 Real Estate – Construction 295 - - 295 146,625 - 146,920 Real Estate – Commercial Mortgage 1,386 - - 1,386 764,785 2,560 768,731 Real Estate – Residential 807 1,930 - 2,737 1,020,810 2,143 1,025,690 Real Estate – Home Equity 67 - - 67 239,061 1,769 240,897 Consumer 1,561 262 - 1,823 180,871 845 183,539 Total $ 4,653 $ 2,364 $ - $ 7,017 $ 2,530,506 $ 8,595 $ 2,546,118 |
| Recorded Investment in Nonaccrual and Past Due Loans | June 30, 2026 December 31, 2025 Nonaccrual Nonaccrual Nonaccrual Nonaccrual With No With 90 + Days With No With 90 + Days (Dollars in Thousands) ACL ACL Still Accruing ACL ACL Still Accruing Commercial, Financial and Agricultural $ 1,016 $ 111 $ - $ 1,038 $ 240 $ - Real Estate – Construction 379 - - - - - Real Estate – Commercial Mortgage 1,038 2,022 - 753 1,807 - Real Estate – Residential 1,399 2,031 - 1,275 868 - Real Estate – Home Equity 666 524 - 1,382 387 - Consumer - 825 - - 845 - Total Nonaccrual $ 4,498 $ 5,513 $ - $ 4,448 $ 4,147 $ - |
| Collateral-Dependent Loans | June 30, 2026 December 31, 2025 Real Estate Non Real Estate Real Estate Non Real Estate (Dollars in Thousands) Secured Secured Secured Secured Commercial, Financial and Agricultural $ - $ 1,165 $ - $ 1,087 Real Estate – Construction 379 - - - Real Estate – Commercial Mortgage 12,164 - 2,450 - Real Estate – Residential 2,142 - 1,275 - Real Estate – Home Equity 803 - 1,561 - Consumer - - - - Total Collateral Dependent $ 15,488 $ 1,165 $ 5,286 $ 1,087 |
| Loans Held for Investment by Years of Origination | (Dollars in Thousands) Term Revolving As of June 30, 2026 2026 2025 2024 2023 2022 Prior Loans Total Commercial, Financial, Agriculture: Pass $ 22,502 $ 31,522 $ 18,553 $ 15,458 $ 17,724 $ 15,347 $ 46,644 $ 167,750 Special Mention - - 41 2,539 - - 770 3,350 Substandard 72 - 110 53 64 5 1,132 1,436 Total $ 22,574 $ 31,522 $ 18,704 $ 18,050 $ 17,788 $ 15,352 $ 48,546 $ 172,536 Current-Period Gross Writeoffs $ - $ 82 $ 81 $ 216 $ 165 $ 7 $ 326 $ 877 Real Estate - Construction: Pass $ 28,895 $ 90,468 $ 9,848 $ 2,342 $ 9,973 $ 53 $ 6,554 $ 148,133 Special Mention - - - - 615 - - 615 Substandard - - - 379 - - - 379 Total $ 28,895 $ 90,468 $ 9,848 $ 2,721 $ 10,588 $ 53 $ 6,554 $ 149,127 Real Estate - Commercial Mortgage: Pass $ 49,678 $ 81,993 $ 66,431 $ 92,599 $ 150,330 $ 221,684 $ 22,532 $ 685,247 Special Mention 755 7,799 - 3,458 22,818 7,688 1,307 43,825 Substandard 48 6,580 3,595 97 6,891 2,778 146 20,135 Doubtful - - 1,402 - - 28 - 1,430 Total $ 50,481 $ 96,372 $ 71,428 $ 96,154 $ 180,039 $ 232,178 $ 23,985 $ 750,637 Real Estate - Residential: Pass $ 74,161 $ 119,673 $ 111,221 $ 242,512 $ 300,311 $ 135,148 $ 9,248 $ 992,274 Special Mention 354 - - - 114 1,164 - 1,632 Substandard 38 130 627 1,103 1,446 3,563 - 6,907 Total $ 74,553 $ 119,803 $ 111,848 $ 243,615 $ 301,871 $ 139,875 $ 9,248 $ 1,000,813 Current-Period Gross Writeoffs $ - $ - $ - $ - $ - $ 8 $ 30 $ 38 Real Estate - Home Equity: Performing $ 195 $ 272 $ 7 $ 310 $ 17 $ 642 $ 241,901 $ 243,344 Nonperforming - - - - - - 1,118 1,118 Total $ 195 $ 272 $ 7 $ 310 $ 17 $ 642 $ 243,019 $ 244,462 Current-Period Gross Writeoffs $ - $ - $ - $ - $ - $ - $ 13 $ 13 Consumer: Performing $ 40,451 $ 51,488 $ 17,057 $ 21,109 $ 22,674 $ 16,189 $ 12,502 $ 181,470 Nonperforming 100 231 56 115 187 137 - 826 Total $ 40,551 $ 51,719 $ 17,113 $ 21,224 $ 22,861 $ 16,326 $ 12,502 $ 182,296 Current-Period Gross Writeoffs $ 1,175 $ 353 $ 179 $ 329 $ 286 $ 210 $ 88 $ 2,620 (Dollars in Thousands) Term Revolving As of December 31, 2025 2025 2024 2023 2022 2021 Prior Loans Total Commercial, Financial, Agriculture: Pass $ 37,680 $ 23,425 $ 22,907 $ 23,068 $ 10,922 $ 8,740 $ 48,354 $ 175,096 Special Mention 322 121 2,740 63 4 180 163 3,593 Substandard - 146 95 245 16 36 1,114 1,652 Total $ 38,002 $ 23,692 $ 25,742 $ 23,376 $ 10,942 $ 8,956 $ 49,631 $ 180,341 Current-Period Gross Writeoffs $ - $ 209 $ 114 $ 344 $ 70 $ 1 $ 44 $ 782 Real Estate - Construction: Pass $ 76,850 $ 39,024 $ 3,298 $ 14,996 $ 53 $ 187 $ 9,295 $ 143,703 Special Mention - - 372 2,127 - - - 2,499 Substandard - - 718 - - - - 718 Total $ 76,850 $ 39,024 $ 4,388 $ 17,123 $ 53 $ 187 $ 9,295 $ 146,920 Real Estate - Commercial Mortgage: Pass $ 93,723 $ 76,348 $ 101,262 $ 174,959 $ 92,388 $ 152,307 $ 22,555 $ 713,542 Special Mention 9,830 4,477 5,725 20,547 3,922 4,074 720 49,295 Substandard 750 1,402 98 418 1,229 1,847 150 5,894 Total $ 104,303 $ 82,227 $ 107,085 $ 195,924 $ 97,539 $ 158,228 $ 23,425 $ 768,731 Current-Period Gross Writeoffs $ - $ - $ - $ - $ - $ 4 $ - $ 4 Real Estate - Residential: Pass $ 142,278 $ 130,895 $ 269,844 $ 316,402 $ 59,950 $ 87,545 $ 10,521 $ 1,017,435 Special Mention - - - 116 954 807 378 2,255 Substandard - 558 429 1,201 1,310 2,341 161 6,000 Total $ 142,278 $ 131,453 $ 270,273 $ 317,719 $ 62,214 $ 90,693 $ 11,060 $ 1,025,690 Current-Period Gross Writeoffs $ - $ 27 $ 59 $ 32 $ - $ 18 $ - $ 136 Real Estate - Home Equity: Performing $ 391 $ 9 $ 411 $ 19 $ 106 $ 587 $ 237,678 $ 239,201 Nonperforming - - - - - - 1,696 1,696 Total $ 391 $ 9 $ 411 $ 19 $ 106 $ 587 $ 239,374 $ 240,897 Current-Period Gross Writeoffs $ - $ - $ - $ - $ - $ 9 $ 35 $ 44 Consumer: Performing $ 63,443 $ 21,866 $ 27,919 $ 31,464 $ 21,524 $ 5,164 $ 11,315 $ 182,695 Nonperforming 186 191 149 215 72 31 - 844 Total $ 63,629 $ 22,057 $ 28,068 $ 31,679 $ 21,596 $ 5,195 $ 11,315 $ 183,539 Current-Period Gross Writeoffs $ 2,789 $ 376 $ 1,003 $ 1,036 $ 454 $ 144 $ 152 $ 5,954 |