v3.26.1
ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)
 6 Months Ended
Jun. 30, 2026
Allowance For Credit Losses For Loans  
ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)

NOTE 7 ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)

 

In determining the amount of our allowance for credit losses, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.

 

The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of June 30, 2026 and June 30, 2025: 

                                             
   Real estate secured                 
(Dollars are in thousands)  Commercial RE   Construction and Land Development   Residential 1-4 family   Multifamily   Farmland   Commercial   Agriculture   Consumer
and All Other		   Total 
Three months ended June 30, 2026                           
Beginning balance  $2,772   $488   $2,834   $588   $179   $646   $37   $572   $8,116 
Charge-offs   —    —    (29)   —    —    (51)   —    (92)   (172)
Recoveries   92    —    60    3    —    6    —    42    203 
Provision for credit losses   (182)   19    48    (16)   8    51    125    15    68 
Ending balance  $2,682   $507   $2,913   $575   $187   $652   $162   $537   $8,215 

 

   Real estate secured                  
(Dollars are in thousands)  Commercial RE   Construction and Land Development   Residential
1-4 family		   Multifamily   Farmland   Commercial   Agriculture   Consumer
and All Other		    Total 
Three months ended June 30, 2025                            
Beginning balance  $2,592   $316   $2,909   $372   $155   $771   $114   $603    $7,832 
Charge-offs   —    —    —    —    —    —    (50)   (55)     (105)
Recoveries   —    11    12    3    —    1    —    39     66 
Provision for credit losses   (31)   33    77    57    27    (35)   (2)   29     155 
Ending balance  $2,561   $360   $2,998   $432   $182   $737   $62   $616    $7,948 

 

   Real estate secured                 
(Dollars are in thousands)  Commercial RE   Construction and Land Development   Residential
1-4 family		   Multifamily   Farmland   Commercial   Agriculture   Consumer
and All Other		   Total 
Six months ended June 30, 2026                           
Beginning balance  $2,856   $411   $2,799   $559   $166   $602   $82   $632   $8,107 
Charge-offs   (103)   —    (29)   —    —    (89)   (117)   (172)   (510)
Recoveries   92    —    96    6    9    6    —    90    299 
Provision for credit losses   (163)   96    47    10    12    133    197    (13)   319 
Ending balance  $2,682   $507   $2,913   $575   $187   $652   $162   $537   $8,215 

 

   Real estate secured                  
(Dollars are in thousands)  Commercial RE   Construction and Land Development   Residential
1-4 family		   Multifamily   Farmland   Commercial   Agriculture   Consumer
and All Other		    Total 
Six months ended June 30, 2025                            
Beginning balance  $2,565   $322   $2,923   $382   $149   $751   $36   $556    $7,684 
Charge-offs   —    —    —    —    —    (18)   (50)   (115 )    (183)
Recoveries   —    26    22    6    3    2    —    66     125 
Provision for credit losses   (4)   12    53    44    30    2    76    109     322 
Ending balance  $2,561   $360   $2,998   $432   $182   $737   $62   $616    $7,948 

 

Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.