v3.26.1
Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans, by Major Class Within the Company's Loan Portfolio
Major classifications within the Company’s loans held for investment portfolio at June 30, 2026 and December 31, 2025 were as follows:
(dollars in thousands)June 30, 2026December 31, 2025
Commercial, financial, and agricultural$196,084 $227,584 
Real estate construction − residential42,30739,609
Real estate construction − commercial85,91483,846
Real estate mortgage − residential370,185369,636
Real estate mortgage − commercial712,619755,892
Installment and other consumer9,25110,225
Total loans held for investment$1,416,360 $1,486,792 
Schedule of the Allowance for Loan Losses
The following tables illustrate the changes in the allowance for credit losses on loans by portfolio segment:
Three Months Ended June 30, 2026
(dollars in thousands)Commercial, Financial, & AgriculturalReal Estate Construction - ResidentialReal Estate Construction - CommercialReal Estate Mortgage - ResidentialReal Estate Mortgage - CommercialInstallment and Other ConsumerUn- allocatedTotal
Allowance for Credit Losses on Loans
Balance at beginning of period$4,329 $1,047 $1,900 $4,389 $9,172 $96 $— $20,933 
Charge-offs(185)— — — (2)(56)— (243)
Recoveries48 — 22 5 1 29 — 105 
Provision for (release of) credit losses(564)(6)299 163 (143)24 162 (65)
Balance at end of period$3,628 $1,041 $2,221 $4,557 $9,028 $93 $162 $20,730 
Six Months Ended June 30, 2026
(dollars in thousands)Commercial, Financial, & AgriculturalReal Estate Construction - ResidentialReal Estate Construction - CommercialReal Estate Mortgage - ResidentialReal Estate Mortgage - CommercialInstallment and Other ConsumerUn- allocatedTotal
Allowance for Credit Losses on Loans
Balance at beginning of period$3,655 $975 $1,719 $4,823 $9,839 $100 $— $21,111 
Charge-offs(195)— — — (25)(116)— (336)
Recoveries52 — 22 10 1 55 — 140 
Provision for (release of) credit losses116 66 480 (276)(787)54 162 (185)
Balance at end of period$3,628 $1,041 $2,221 $4,557 $9,028 $93 $162 $20,730 
Three Months Ended June 30, 2025
(dollars in thousands)Commercial, Financial, & AgriculturalReal Estate Construction - ResidentialReal Estate Construction - CommercialReal Estate Mortgage - ResidentialReal Estate Mortgage - CommercialInstallment and Other ConsumerUn- allocatedTotal
Allowance for Credit Losses on Loans
Balance at beginning of period$1,447 $583 $1,667 $5,134 $12,608 $117 $224 $21,780 
Charge-offs(21)— — (8)(3)(109)— (141)
Recoveries34 — — 12 — 44 — 90 
Provision for (release of) credit losses684 (255)(183)(221)(213)60 (31)(159)
Balance at end of period$2,144 $328 $1,484 $4,917 $12,392 $112 $193 $21,570 
Six Months Ended June 30, 2025
(dollars in thousands)Commercial, Financial, & AgriculturalReal Estate Construction - ResidentialReal Estate Construction - CommercialReal Estate Mortgage - ResidentialReal Estate Mortgage - CommercialInstallment and Other ConsumerUn- allocatedTotal
Allowance for Credit Losses on Loans
Balance at beginning of period$1,560 $578 $2,221 $5,310 $12,305 $138 $(68)$22,044 
Charge-offs(34)— — (14)(36)(199)— (283)
Recoveries102 — — 19 58 71 — 250 
Provision for (release of) credit losses516 (250)(737)(398)65 102 261 (441)
Balance at end of period$2,144 $328 $1,484 $4,917 $12,392 $112 $193 $21,570 
Schedule of Risk Categories by Class
The amortized cost of collateral-dependent loans by class as of June 30, 2026 and December 31, 2025 was as follows:
Collateral Type
(dollars in thousands)Real EstateOtherAllowance Allocated
June 30, 2026
Commercial, financial, and agricultural$— $3,690 $2,066 
Real estate mortgage − residential1,289 — 35 
Real estate mortgage − commercial1,332 — 278 
Total$2,621 $3,690 $2,379 
December 31, 2025
Commercial, financial, and agricultural$— $3,558 $1,477 
Real estate mortgage − residential3,914 — 432 
Total$3,914 $3,558 $1,909 
The following table presents the recorded investment by risk categories at June 30, 2026:
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Term Loans
Amortized Cost Basis by Origination Year and Risk Grades
(dollars in thousands)20262025202420232022PriorTotal
Commercial, Financial, & Agricultural
Pass$14,622 $33,239 $9,813 $5,775 $13,728 $33,893 $75,412 $666 $187,148 
Watch— 47 — 53 6 145 479 — 730 
Special Mention— 479 — 2,814 — 235 — — 3,528 
Substandard8 291 678 15 2,719 555 412 — 4,678 
Total$14,630 $34,056 $10,491 $8,657 $16,453 $34,828 $76,303 $666 $196,084 
Gross YTD charge-offs$— $171 $— $— $— $24 $— $— $195 
Real Estate Construction - Residential
Pass$11,622 $25,020 $549 $4,849 $— $— $179 $— $42,219 
Watch— — — 88 — — — — 88 
Total$11,622 $25,020 $549 $4,937 $— $— $179 $— $42,307 
Gross YTD charge-offs$— $— $— $— $— $— $— $— $— 
Real Estate Construction - Commercial
Pass$7,797 $28,050 $24,515 $1,387 $2,808 $3,163 $16,988 $1,085 $85,793 
Watch58 — 27 — 6 1 — — 92 
Substandard— 29 — — — — — — 29 
Total$7,855 $28,079 $24,542 $1,387 $2,814 $3,164 $16,988 $1,085 $85,914 
Gross YTD charge-offs$— $— $— $— $— $— $— $— $— 
Real Estate Mortgage - Residential
Pass$27,471 $58,757 $16,778 $32,593 $89,701 $85,409 $54,183 $518 $365,410 
Watch229 431 — — 326 563 31 98 1,678 
Substandard— 853 95 475 1,263 207 204 — 3,097 
Total$27,700 $60,041 $16,873 $33,068 $91,290 $86,179 $54,418 $616 $370,185 
Gross YTD charge-offs$— 
Real Estate Mortgage - Commercial
Pass$88,726 $147,311 $37,927 $60,848 $141,126 $155,880 $20,376 $2,405 $654,599 
Watch9,045 2,869 132 156 14,282 250 — — 26,734 
Special Mention— — 20,164 — 4,799 — — — 24,963 
Substandard— 1,310 146 46 3,909 912 — — 6,323 
Total$97,771 $151,490 $58,369 $61,050 $164,116 $157,042 $20,376 $2,405 $712,619 
Gross YTD charge-offs$— $— $— $— $— $25 $— $— $25 
Installment and other Consumer
Pass$1,624 $2,028 $759 $1,042 $1,009 $2,724 $60 $— $9,246 
Substandard— — — 5 — — — — 5 
Total$1,624 $2,028 $759 $1,047 $1,009 $2,724 $60 $— $9,251 
Gross YTD charge-offs$— $— $— $8 $— $108 $— $— $116 
Total Portfolio
Pass$151,862 $294,405 $90,341 $106,494 $248,372 $281,069 $167,198 $4,674 $1,344,415 
Watch9,332 3,347 159 297 14,620 959 510 98 29,322 
Special Mention— 479 20,164 2,814 4,799 235 — — 28,491 
Substandard8 2,483 919 541 7,891 1,674 616 — 14,132 
Total$161,202 $300,714 $111,583 $110,146 $275,682 $283,937 $168,324 $4,772 $1,416,360 
Total Gross YTD charge-offs$— $171 $— $8 $— $157 $— $— $336 
The following table presents the recorded investment by risk categories at December 31, 2025:
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Term Loans
Amortized Cost Basis by Origination Year and Risk Grades
(dollars in thousands)20252024202320222021PriorTotal
December 31, 2025
Commercial, Financial, & Agricultural
Pass$65,367 $11,383 $9,223 $17,270 $19,867 $24,386 $66,741 $1,279 $215,516 
Watch581 164 93 8 — 148 1,473 — 2,467 
Special Mention729 — 3,058 317 — 261 — — 4,365 
Substandard203 679 15 3,184 536 25 594 — 5,236 
Total$66,880 $12,226 $12,389 $20,779 $20,403 $24,820 $68,808 $1,279 $227,584 
Gross YTD charge-offs$— $307 $73 $78 $— $59 $521 $— $1,038 
Real Estate Construction - Residential
Pass$30,523 $4,066 $4,881 $— $— $— $51 $— $39,521 
Watch— — 88 — — — — — 88 
Total$30,523 $4,066 $4,969 $— $— $— $51 $— $39,609 
Gross YTD charge-offs$— $— $— $— $— $— $— $— $— 
Real Estate Construction - Commercial
Pass$44,693 $17,876 $8,737 $3,226 $2,757 $687 $4,660 $1,085 $83,721 
Watch59 29 — 8 — — — — 96 
Substandard29 — — — — — — — 29 
Total$44,781 $17,905 $8,737 $3,234 $2,757 $687 $4,660 $1,085 $83,846 
Gross YTD charge-offs$— $— $— $— $— $— $— $— $— 
Real Estate Mortgage - Residential
Pass$63,792 $21,182 $36,980 $98,512 $42,745 $48,795 $48,900 $1,039 $361,945 
Watch442 — — 487 370 442 31 157 1,929 
Substandard3,463 98 495 1,301 — 189 216 — 5,762 
Total$67,697 $21,280 $37,475 $100,300 $43,115 $49,426 $49,147 $1,196 $369,636 
Gross YTD charge-offs$— $— $— $— $— $14 $— $— $14 
Real Estate Mortgage - Commercial
Pass$186,984 $43,797 $82,928 $161,945 $151,011 $70,426 $16,381 $1,642 $715,114 
Watch3,185 445 214 3,978 325 631 — — 8,778 
Special Mention— 20,561 — 4,932 — — — — 25,493 
Substandard1,311 147 — 4,145 — 760 144 — 6,507 
Total$191,480 $64,950 $83,142 $175,000 $151,336 $71,817 $16,525 $1,642 $755,892 
Gross YTD charge-offs$— $49 $76 $— $— $32 $— $— $157 
Installment and other Consumer
Pass$2,696 $1,063 $1,764 $1,628 $367 $2,605 $68 $— $10,191 
Substandard— — 7 13 14 — — — 34 
Total$2,696 $1,063 $1,771 $1,641 $381 $2,605 $68 $— $10,225 
Gross YTD charge-offs$— $3 $33 $13 $— $330 $— $— $379 
Total Portfolio
Pass$394,055 $99,367 $144,513 $282,581 $216,747 $146,899 $136,801 $5,045 $1,426,008 
Watch4,267 638 395 4,481 695 1,221 1,504 157 13,358 
Special Mention729 20,561 3,058 5,249 — 261 — — 29,858 
Substandard5,006 924 517 8,643 550 974 954 — 17,568 
Total$404,057 $121,490 $148,483 $300,954 $217,992 $149,355 $139,259 $5,202 $1,486,792 
Total Gross YTD charge-offs$— $359 $182 $91 $— $435 $521 $— $1,588 
Schedule of Financing Receivable, Nonaccrual
The following table presents the recorded investment in non-accrual loans and loans past due over 90 days still on accrual by class of loans as of June 30, 2026 and December 31, 2025:
(dollars in thousands)Non-accrual with no AllowanceNon-accrual with AllowanceTotal Non-accrual90 Days Past Due And Still AccruingTotal Non-performing Loans
June 30, 2026
Commercial, Financial, and Agricultural$1,538 $413 $1,951 $— $1,951 
Real estate mortgage − residential854 2,182 3,036 156 3,192 
Real estate mortgage − commercial— 1,502 1,502 — 1,502 
Installment and Other Consumer— 5 5 5 10 
Total$2,392 $4,102 $6,494 $161 $6,655 
December 31, 2025
Commercial, Financial, and Agricultural$603 $400 $1,003 $— $1,003 
Real estate mortgage − residential— 5,656 5,656 295,685 
Real estate mortgage − commercial— 143 143 —143 
Installment and Other Consumer— 34 34 — 34 
Total$603 $6,233 $6,836 $29 $6,865 
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 June 30, 2026 and December 31, 2025:
(dollars in thousands)Current or Less Than 30 Days Past Due30 - 89 Days Past Due90 Days Past Due And Still AccruingNon-AccrualTotal
June 30, 2026
Commercial, Financial, and Agricultural$193,156 $977 $— $1,951 $196,084 
Real estate construction − residential42,307 — — — 42,307 
Real estate construction − commercial85,459 455 — — 85,914 
Real estate mortgage − residential366,421 572 156 3,036 370,185 
Real estate mortgage − commercial711,039 78 — 1,502 712,619 
Installment and Other Consumer9,143 98 5 5 9,251 
Total$1,407,525 $2,180 $161 $6,494 $1,416,360 
December 31, 2025
Commercial, Financial, and Agricultural$226,129 $452 $— $1,003 $227,584 
Real estate construction − residential39,521 88 — — 39,609 
Real estate construction − commercial83,846 — — — 83,846 
Real estate mortgage − residential362,289 1,662 29 5,656 369,636 
Real estate mortgage − commercial755,512 237 — 143 755,892 
Installment and Other Consumer10,105 86 — 34 10,225 
Total$1,477,402 $2,525 $29 $6,836 $1,486,792