Loans and Leases | Loans and Leases Summary of Major Loan and Lease Categories (Dollars in thousands) At September 30, 2021 At December 31, 2020 Commercial, financial and agricultural $ 927,015 $ 892,665 Paycheck Protection Program 85,601 483,773 Real estate-commercial 2,669,898 2,458,872 Real estate-construction 260,874 243,355 Real estate-residential secured for business purpose 412,001 381,446 Real estate-residential secured for personal purpose 535,705 487,600 Real estate-home equity secured for personal purpose 159,029 166,609 Loans to individuals 26,458 27,482 Lease financings 175,464 165,039 Total loans and leases held for investment, net of deferred income $ 5,252,045 $ 5,306,841 Less: Allowance for credit losses, loans and leases (70,146) (83,044) Net loans and leases held for investment $ 5,181,899 $ 5,223,797 Imputed interest on lease financings, included in the above table $ (18,445) $ (17,670) Net deferred costs (fees), included in the above table 1,696 (2,903) Overdraft deposits included in the above table 3,267 948 Age Analysis of Past Due Loans and Leases The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at September 30, 2021 and December 31, 2020: Accruing Loans and Leases (Dollars in thousands) 30-59 60-89 90 Days Total Current Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans At September 30, 2021 Commercial, financial and agricultural $ 1,177 $ 49 $ 2,000 $ 3,226 $ 922,856 $ 926,082 $ 933 $ 927,015 Paycheck Protection Program 95 — — 95 85,506 85,601 — 85,601 Real estate—commercial real estate and construction: Commercial real estate 1,343 — — 1,343 2,640,259 2,641,602 28,296 2,669,898 Construction — — — — 260,874 260,874 — 260,874 Real estate—residential and home equity: Residential secured for business purpose 789 344 — 1,133 408,399 409,532 2,469 412,001 Residential secured for personal purpose 2,025 — — 2,025 531,601 533,626 2,079 535,705 Home equity secured for personal purpose 301 42 — 343 157,965 158,308 721 159,029 Loans to individuals 215 16 58 289 26,169 26,458 — 26,458 Lease financings 655 654 146 1,455 173,979 175,434 30 175,464 Total $ 6,600 $ 1,105 $ 2,204 $ 9,909 $ 5,207,608 $ 5,217,517 $ 34,528 $ 5,252,045 Accruing Loans and Leases (Dollars in thousands) 30-59 60-89 90 Days Total Current Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans At December 31, 2020 Commercial, financial and agricultural $ 1,104 $ 279 $ 50 $ 1,433 $ 888,405 $ 889,838 $ 2,827 $ 892,665 Paycheck Protection Program — — — — 483,773 483,773 — 483,773 Real estate—commercial real estate and construction: Commercial real estate 3,230 859 945 5,034 2,431,099 2,436,133 22,739 2,458,872 Construction 361 — — 361 242,994 243,355 — 243,355 Real estate—residential and home equity: Residential secured for business purpose 3,726 603 — 4,329 374,331 378,660 2,786 381,446 Residential secured for personal purpose 6,057 80 — 6,137 479,377 485,514 2,086 487,600 Home equity secured for personal purpose 607 32 — 639 164,923 165,562 1,047 166,609 Loans to individuals 190 74 185 449 27,033 27,482 — 27,482 Lease financings 898 291 212 1,401 163,431 164,832 207 165,039 Total $ 16,173 $ 2,218 $ 1,392 $ 19,783 $ 5,255,366 $ 5,275,149 $ 31,692 $ 5,306,841 Nonperforming Loans and Leases The following presents, by class of loans and leases, nonperforming loans and leases at September 30, 2021 and December 31, 2020. At September 30, 2021 At December 31, 2020 (Dollars in thousands) Nonaccrual Accruing Loans and Total Nonperforming Nonaccrual Accruing Loans and Total Nonperforming Commercial, financial and agricultural $ 933 $ — $ 2,000 $ 2,933 $ 2,827 $ — $ 50 $ 2,877 Real estate—commercial real estate and construction: Commercial real estate 28,296 — — 28,296 22,739 — 945 23,684 Real estate—residential and home equity: Residential secured for business purpose 2,469 — — 2,469 2,786 — — 2,786 Residential secured for personal purpose 2,079 — — 2,079 2,086 — — 2,086 Home equity secured for personal purpose 721 51 — 772 1,047 53 — 1,100 Loans to individuals — — 58 58 — — 185 185 Lease financings 30 — 146 176 207 — 212 419 Total $ 34,528 $ 51 $ 2,204 $ 36,783 $ 31,692 $ 53 $ 1,392 $ 33,137 * Includes nonaccrual troubled debt restructured loans of $2.4 million and $14.1 million at September 30, 2021 and December 31, 2020, respectively. The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of September 30, 2021 and December 31, 2020. (Dollars in thousands) Nonaccrual With No ACL Nonaccrual With ACL Total Nonaccrual Loans 90 Days or more Past Due and Accruing Interest At September 30, 2021 Commercial, financial and agricultural $ 933 $ — $ 933 $ 2,000 Real estate-commercial 28,213 83 28,296 — Real estate-residential secured for business purpose 2,469 — 2,469 — Real estate-residential secured for personal purpose 2,079 — 2,079 — Real estate-home equity secured for personal purpose 721 — 721 — Loans to individuals — — — 58 Lease financings — 30 30 146 Total $ 34,415 $ 113 $ 34,528 $ 2,204 At December 31, 2020 Commercial, financial and agricultural $ 2,187 $ 640 $ 2,827 $ 50 Real estate-commercial 22,739 — 22,739 945 Real estate-residential secured for business purpose 2,663 123 2,786 — Real estate-residential secured for personal purpose 1,958 128 2,086 — Real estate-home equity secured for personal purpose 1,047 — 1,047 — Loans to individuals — — — 185 Lease financings — 207 207 212 Total $ 30,594 $ 1,098 $ 31,692 $ 1,392 For the nine months ended September 30, 2021, $9 thousand of interest income was recognized on nonaccrual loans and leases. The following table presents the amortized cost basis of collateral-dependent nonaccrual loans by class of loans and type of collateral as of September 30, 2021 and December 31, 2020. (Dollars in thousands) Real Estate Other (1) None (2) Total At September 30, 2021 Commercial, financial and agricultural $ 281 $ 477 $ 175 $ 933 Real estate-commercial 28,296 — — 28,296 Real estate-residential secured for business purpose 2,469 — — 2,469 Real estate-residential secured for personal purpose 2,079 — — 2,079 Real estate-home equity secured for personal purpose 721 — — 721 Total $ 33,846 $ 477 $ 175 $ 34,498 (Dollars in thousands) Real Estate Other (1) None (3) Total At December 31, 2020 Commercial, financial and agricultural $ 1,351 $ 1,194 $ 282 $ 2,827 Real estate-commercial 22,739 — — 22,739 Real estate-residential secured for business purpose 2,786 — — 2,786 Real estate-residential secured for personal purpose 2,086 — — 2,086 Real estate-home equity secured for personal purpose 1,047 — — 1,047 Total $ 30,009 $ 1,194 $ 282 $ 31,485 (1) Collateral consists of business assets, including accounts receivable and personal property. (2) Loans fully guaranteed by the SBA. (3) Loans fully reserved given lack of collateral. Credit Quality Indicators The Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with a relationship balance of less than $1 million are reviewed when necessary based on their performance, primarily when such loans are delinquent. Loans with relationships greater than $1 million are reviewed at least annually. Loan relationships with a higher risk profile or classified as special mention or substandard are reviewed at least quarterly. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2020. The following is a description of the internal risk ratings and the likelihood of loss related to the credit quality of Commercial, financial and agricultural loans, Paycheck Protection Program loans, Real-estate commercial loans, Real-estate construction loans and Real-estate residential secured for a business purpose loans. 1. Pass—Loans considered satisfactory with no indications of deterioration 2. Special Mention—Potential weakness that deserves management's close attention 3. Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt 4. Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for Commercial, financial and agricultural loans, Paycheck Protection Program loans, Real-estate commercial loans, Real-estate construction loans and Real-estate residential secured for a business purpose loans by credit quality indicator at September 30, 2021 and December 31, 2020. Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total At September 30, 2021 Commercial, Financial and Agricultural Risk Rating 1. Pass $ 148,549 $ 101,422 $ 75,241 $ 55,694 $ 25,859 $ 53,712 $ 436,226 $ 896,703 2. Special Mention — 5,257 2,560 440 487 1,372 14,609 24,725 3. Substandard — — 30 69 15 295 5,178 5,587 Total $ 148,549 $ 106,679 $ 77,831 $ 56,203 $ 26,361 $ 55,379 $ 456,013 $ 927,015 Paycheck Protection Program Risk Rating 1. Pass $ 80,766 $ 4,835 $ — $ — $ — $ — $ — $ 85,601 2. Special Mention — — — — — — — — 3. Substandard — — — — — — — — Total $ 80,766 $ 4,835 $ — $ — $ — $ — $ — $ 85,601 Real Estate-Commercial Risk Rating 1. Pass $ 582,442 $ 927,367 $ 428,304 $ 167,225 $ 229,552 $ 197,290 $ 43,313 $ 2,575,493 2. Special Mention 2,490 9,963 25,574 3,421 919 5,691 1,323 49,381 3. Substandard — 32,071 3,405 2,038 1,849 5,554 107 45,024 Total $ 584,932 $ 969,401 $ 457,283 $ 172,684 $ 232,320 $ 208,535 $ 44,743 $ 2,669,898 Real Estate-Construction Risk Rating 1. Pass $ 97,157 $ 66,437 $ 47,603 $ 16,330 $ 198 $ — $ 9,616 $ 237,341 2. Special Mention 3,033 500 — 20,000 — — — 23,533 3. Substandard — — — — — — — — Total $ 100,190 $ 66,937 $ 47,603 $ 36,330 $ 198 $ — $ 9,616 $ 260,874 Real Estate-Residential Secured for Business Purpose Risk Rating 1. Pass $ 131,220 $ 90,933 $ 55,887 $ 36,180 $ 31,894 $ 33,800 $ 26,619 $ 406,533 2. Special Mention — 1,078 214 — 74 1,100 — 2,466 3. Substandard — — — 46 29 2,350 577 3,002 Total $ 131,220 $ 92,011 $ 56,101 $ 36,226 $ 31,997 $ 37,250 $ 27,196 $ 412,001 Totals By Risk Rating 1. Pass $ 1,040,134 $ 1,190,994 $ 607,035 $ 275,429 $ 287,503 $ 284,802 $ 515,774 $ 4,201,671 2. Special Mention 5,523 16,798 28,348 23,861 1,480 8,163 15,932 100,105 3. Substandard — 32,071 3,435 2,153 1,893 8,199 5,862 53,613 Total $ 1,045,657 $ 1,239,863 $ 638,818 $ 301,443 $ 290,876 $ 301,164 $ 537,568 $ 4,355,389 Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Total At December 31, 2020 Commercial, Financial and Agricultural Risk Rating 1. Pass $ 162,547 $ 93,967 $ 74,722 $ 38,906 $ 17,371 $ 56,053 $ 427,336 $ 870,902 2. Special Mention 2,723 783 316 500 777 1,144 8,318 14,561 3. Substandard — 430 362 28 — 627 5,755 7,202 Total $ 165,270 $ 95,180 $ 75,400 $ 39,434 $ 18,148 $ 57,824 $ 441,409 $ 892,665 Paycheck Protection Program Risk Rating 1. Pass $ 483,773 $ — $ — $ — $ — $ — $ — $ 483,773 2. Special Mention — — — — — — — — 3. Substandard — — — — — — — — Total $ 483,773 $ — $ — $ — $ — $ — $ — $ 483,773 Real Estate-Commercial Risk Rating 1. Pass $ 1,084,157 $ 481,997 $ 223,646 $ 268,236 $ 143,041 $ 157,503 $ 43,008 $ 2,401,588 2. Special Mention 6,220 10,076 3,498 — 1,250 5,870 1,247 28,161 3. Substandard 3,803 3,998 709 11,383 1,207 6,690 1,333 29,123 Total $ 1,094,180 $ 496,071 $ 227,853 $ 279,619 $ 145,498 $ 170,063 $ 45,588 $ 2,458,872 Real Estate-Construction Risk Rating 1. Pass $ 116,840 $ 59,507 $ 39,009 $ 113 $ 2,950 $ — $ 3,711 $ 222,130 2. Special Mention 21,225 — — — — — — 21,225 3. Substandard — — — — — — — — Total $ 138,065 $ 59,507 $ 39,009 $ 113 $ 2,950 $ — $ 3,711 $ 243,355 Real Estate-Residential Secured for Business Purpose Risk Rating 1. Pass $ 118,925 $ 72,149 $ 52,775 $ 43,347 $ 37,768 $ 25,170 $ 25,510 $ 375,644 2. Special Mention 1,354 — 188 77 175 130 — 1,924 3. Substandard 28 991 50 64 1,065 962 718 3,878 Total $ 120,307 $ 73,140 $ 53,013 $ 43,488 $ 39,008 $ 26,262 $ 26,228 $ 381,446 Totals By Risk Rating 1. Pass $ 1,966,242 $ 707,620 $ 390,152 $ 350,602 $ 201,130 $ 238,726 $ 499,565 $ 4,354,037 2. Special Mention 31,522 10,859 4,002 577 2,202 7,144 9,565 65,871 3. Substandard 3,831 5,419 1,121 11,475 2,272 8,279 7,806 40,203 Total $ 2,001,595 $ 723,898 $ 395,275 $ 362,654 $ 205,604 $ 254,149 $ 516,936 $ 4,460,111 The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at September 30, 2021 or December 31, 2020. The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at September 30, 2021 or December 31, 2020. The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: Real-estate residential secured for personal purpose loans, Real-estate home equity secured for personal purpose loans, Loans to individuals and Lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2020. Loans and leases past due 90 days or more, loans and leases on nonaccrual status and troubled debt restructured loans and lease modifications are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for Real-estate residential secured for personal purpose loans, Real-estate home equity secured for personal purpose loans, Loans to individuals and Lease financings by credit quality indicator at September 30, 2021 and December 31, 2020. Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total At September 30, 2021 Real Estate-Residential Secured for Personal Purpose Payment Performance 1. Performing $ 174,244 $ 171,641 $ 38,776 $ 27,575 $ 26,533 $ 94,642 $ 215 $ 533,626 2. Nonperforming 54 643 — 371 — 1,011 — 2,079 Total $ 174,298 $ 172,284 $ 38,776 $ 27,946 $ 26,533 $ 95,653 $ 215 $ 535,705 Real Estate-Home Equity Secured for Personal Purpose Payment Performance 1. Performing $ 641 $ 953 $ 478 $ 514 $ 887 $ 1,811 $ 152,973 $ 158,257 2. Nonperforming — — — 182 — 65 525 772 Total $ 641 $ 953 $ 478 $ 696 $ 887 $ 1,876 $ 153,498 $ 159,029 Loans to Individuals Payment Performance 1. Performing $ 1,337 $ 1,019 $ 850 $ 543 $ 157 $ 1,982 $ 20,512 $ 26,400 2. Nonperforming — — — — — 58 — 58 Total $ 1,337 $ 1,019 $ 850 $ 543 $ 157 $ 2,040 $ 20,512 $ 26,458 Lease Financings Payment Performance 1. Performing $ 59,726 $ 57,225 $ 32,465 $ 19,328 $ 5,838 $ 706 $ — $ 175,288 2. Nonperforming 23 16 66 12 5 54 — 176 Total $ 59,749 $ 16 $ 32,531 $ 19,340 $ 5,843 $ 760 $ — $ 175,464 Totals by Payment Performance 1. Performing $ 235,948 $ 230,838 $ 72,569 $ 47,960 $ 33,415 $ 99,141 $ 173,700 $ 893,571 2. Nonperforming 77 659 66 565 5 1,188 525 3,085 Total $ 236,025 $ 231,497 $ 72,635 $ 48,525 $ 33,420 $ 100,329 $ 174,225 $ 896,656 Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Total At December 31, 2020 Real Estate-Residential Secured for Personal Purpose Payment Performance 1. Performing $ 191,987 $ 61,880 $ 56,314 $ 50,983 $ 38,975 $ 84,138 $ 1,237 $ 485,514 2. Nonperforming 666 — 56 — — 1,364 — 2,086 Total $ 192,653 $ 61,880 $ 56,370 $ 50,983 $ 38,975 $ 85,502 $ 1,237 $ 487,600 Real Estate-Home Equity Secured for Personal Purpose Payment Performance 1. Performing $ 1,195 $ 815 $ 829 $ 1,160 $ 518 $ 2,189 $ 158,803 $ 165,509 2. Nonperforming — — 198 — — 36 866 1,100 Total $ 1,195 $ 815 $ 1,027 $ 1,160 $ 518 $ 2,225 $ 159,669 $ 166,609 Loans to Individuals Payment Performance 1. Performing $ 1,795 $ 1,425 $ 970 $ 441 $ 220 $ 2,266 $ 20,180 $ 27,297 2. Nonperforming — — — — — 23 162 185 Total $ 1,795 $ 1,425 $ 970 $ 441 $ 220 $ 2,289 $ 20,342 $ 27,482 Lease Financings Payment Performance 1. Performing $ 72,173 $ 45,972 $ 30,679 $ 11,613 $ 3,616 $ 567 $ — $ 164,620 2. Nonperforming 12 182 5 205 7 8 — 419 Total $ 72,185 $ 46,154 $ 30,684 $ 11,818 $ 3,623 $ 575 $ — $ 165,039 Totals by Payment Performance 1. Performing $ 267,150 $ 110,092 $ 88,792 $ 64,197 $ 43,329 $ 89,160 $ 180,220 $ 842,940 2. Nonperforming 678 182 259 205 7 1,431 1,028 3,790 Total $ 267,828 $ 110,274 $ 89,051 $ 64,402 $ 43,336 $ 90,591 $ 181,248 $ 846,730 The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at September 30, 2021 or December 31, 2020. Allowance for Credit Losses on Loans and Leases and Recorded Investment in Loans and Leases The allowance for credit losses (ACL) on loans decreased during the three and nine months ended September 30, 2021 primarily due to favorable changes in economic-related assumptions, which were impacted by the ongoing recovery from the COVID-19 pandemic, partially offset by loan growth and a qualitative factor adjustment related to expected losses resulting from severe weather-related damages. There were no changes to the reasonable and supportable forecast period, the reversion period, or any other significant methodology changes during the three or nine months ended September 30, 2021. The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three and nine months ended September 30, 2021 and 2020: (Dollars in thousands) Beginning balance Provision (reversal of provision) for credit losses Charge-offs Recoveries Ending balance Three Months Ended September 30, 2021 Allowance for credit losses, loans and leases: Commercial, Financial and Agricultural $ 11,734 $ 450 $ (787) $ 789 $ 12,186 Paycheck Protection Program 3 (1) — — 2 Real Estate-Commercial 43,194 (1,809) (72) 193 41,506 Real Estate-Construction 3,649 205 — — 3,854 Real Estate-Residential Secured for Business Purpose 6,747 (218) — 2 6,531 Real Estate-Residential Secured for Personal Purpose 2,620 (129) — — 2,491 Real Estate-Home Equity Secured for Personal Purpose 1,124 (49) — 1 1,076 Loans to Individuals 319 76 (59) 18 354 Lease Financings 1,815 204 (34) 24 2,009 Unallocated 150 (13) N/A N/A 137 Total $ 71,355 $ (1,284) $ (952) $ 1,027 $ 70,146 Three Months Ended September 30, 2020 Allowance for credit losses, loans and leases: Commercial, Financial and Agricultural $ 16,736 $ (2,401) $ (142) $ 354 $ 14,547 Real Estate-Commercial 50,671 7,481 — — 58,152 Real Estate-Construction 4,130 355 — — 4,485 Real Estate-Residential Secured for Business Purpose 8,180 251 (88) 23 8,366 Real Estate-Residential Secured for Personal Purpose 2,669 47 — — 2,716 Real Estate-Home Equity Secured for Personal Purpose 1,071 204 — 4 1,279 Loans to Individuals 771 (170) (69) 17 549 Lease Financings 1,839 (149) (149) 85 1,626 Unallocated 150 — N/A N/A 150 Total $ 86,217 $ 5,618 $ (448) $ 483 $ 91,870 N /A – Not applicable (Dollars in thousands) Beginning balance Adjustment to initially apply ASU No. 2016-13 for CECL (Reversal of provision) provision for credit losses Charge-offs Recoveries Ending balance Nine Months Ended September 30, 2021 Allowance for credit losses, loans and leases: Commercial, Financial and Agricultural $ 13,584 $ — $ (939) $ (1,475) $ 1,016 $ 12,186 Paycheck Protection Program — — 2 — — 2 Real Estate-Commercial 52,230 — (10,927) (595) 798 41,506 Real Estate-Construction 3,298 — 556 — — 3,854 Real Estate-Residential Secured for Business Purpose 7,317 — (637) (227) 78 6,531 Real Estate-Residential Secured for Personal Purpose 3,055 — (564) — — 2,491 Real Estate-Home Equity Secured for Personal Purpose 1,176 — (125) — 25 1,076 Loans to Individuals 533 — (127) (138) 86 354 Lease Financings 1,701 — 332 (143) 119 2,009 Unallocated 150 — (13) N/A N/A 137 Total $ 83,044 $ — $ (12,442) $ (2,578) $ 2,122 $ 70,146 Nine Months Ended September 30, 2020 Allowance for credit losses, loans and leases: Commercial, Financial and Agricultural $ 8,759 $ 5,284 $ 1,195 $ (1,367) $ 676 $ 14,547 Real Estate-Commercial 15,750 6,208 38,961 (2,802) 35 58,152 Real Estate-Construction 2,446 29 2,010 — — 4,485 Real Estate-Residential Secured for Business Purpose 2,622 2,502 3,398 (187) 31 8,366 Real Estate-Residential Secured for Personal Purpose 2,713 (706) 709 — — 2,716 Real Estate-Home Equity Secured for Personal Purpose 1,076 (364) 555 — 12 1,279 Loans to Individuals 470 104 116 (197) 56 549 Lease Financings 1,311 (135) 737 (513) 226 1,626 Unallocated 184 — (34) N/A N/A 150 Total $ 35,331 $ 12,922 $ 47,647 $ (5,066) $ 1,036 $ 91,870 N /A – Not applicable The following presents, by portfolio segment, the balance in the ACL on loans and leases, disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at September 30, 2021 and 2020: Allowance for credit losses, loans and leases Loans and leases held for investment (Dollars in thousands) Ending balance: individually analyzed Ending balance: pooled Total ending balance Ending balance: individually analyzed Ending balance: pooled Loans measured at fair value Total ending balance At September 30, 2021 Commercial, Financial and Agricultural $ — $ 12,186 $ 12,186 $ 933 $ 926,082 $ — $ 927,015 Paycheck Protection Program — 2 2 — 85,601 — 85,601 Real Estate-Commercial 15 41,491 41,506 28,296 2,641,520 82 2,669,898 Real Estate-Construction — 3,854 3,854 — 260,874 — 260,874 Real Estate-Residential Secured for Business Purpose — 6,531 6,531 2,469 409,532 — 412,001 Real Estate-Residential Secured for Personal Purpose — 2,491 2,491 2,079 533,626 — 535,705 Real Estate-Home Equity Secured for Personal Purpose — 1,076 1,076 721 158,308 — 159,029 Loans to Individuals — 354 354 — 26,458 — 26,458 Lease Financings — 2,009 2,009 — 175,464 — 175,464 Unallocated N/A 137 137 N/A N/A N/A N/A Total $ 15 $ 70,131 $ 70,146 $ 34,498 $ 5,217,465 $ 82 $ 5,252,045 At September 30, 2020 Commercial, Financial and Agricultural $ 891 $ 13,656 $ 14,547 $ 3,809 $ 890,505 $ — $ 894,314 Paycheck Protection Program $ — $ — $ — $ — $ 501,580 $ — $ 501,580 Real Estate-Commercial 19 58,133 58,152 20,464 2,349,006 221 2,369,691 Real Estate-Construction — 4,485 4,485 — 233,590 — 233,590 Real Estate-Residential Secured for Business Purpose 1 8,365 8,366 2,151 376,088 — 378,239 Real Estate-Residential Secured for Personal Purpose 181 2,535 2,716 2,395 472,293 — 474,688 Real Estate-Home Equity Secured for Personal Purpose — 1,279 1,279 948 171,500 — 172,448 Loans to Individuals — 549 549 — 27,771 — 27,771 Lease Financings — 1,626 1,626 — 159,535 — 159,535 Unallocated N/A 150 150 N/A N/A N/A N/A Total $ 1,092 $ 90,778 $ 91,870 $ 29,767 $ 5,181,868 $ 221 $ 5,211,856 N/A – Not applicable Troubled Debt Restructured Loans The following presents, by class of loans, information regarding troubled debt restructurings of accruing and nonaccrual loans: Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 (Dollars in thousands) Number Pre- Post- Number Pre- Post- Accruing Troubled Debt Restructured Loans: Total — $ — $ — — $ — $ — Nonaccrual Troubled Debt Restructured Loans: Real estate—commercial real estate 3 $ 200 $ 198 — $ — $ — Real estate—residential secured for personal purpose — — — 1 544 544 Total 3 $ 200 $ 198 1 $ 544 $ 544 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 (Dollars in thousands) Number Pre- Post- Number Pre- Post- Accruing Troubled Debt Restructured Loans: Total — $ — $ — — $ — $ — Nonaccrual Troubled Debt Restructured Loans: Commercial, financial and agricultural — $ — $ — 1 $ 619 $ 619 Real estate—commercial real estate 3 200 198 — — — Real estate—residential secured for personal purpose — — — 1 544 544 Total 3 $ 200 $ 198 2 $ 1,163 $ 1,163 The Corporation modified certain loans and leases via principal and/or interest deferrals in accordance with Section 4013 of the CARES Act, the Consolidated Appropriations Act, 2021 and the Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus and have not categorized these modifications as troubled debt restructurings. These loans and leases had a combined principal balance of approximately $18.1 million as of September 30, 2021, which represents approximately 0.3% of the loan portfolio, excluding PPP loans. The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three and nine months ended September 30, 2021 and 2020. Amortization Period Extension (Dollars in thousands) No. of Amount Three Months Ended September 30, 2021 Accruing Troubled Debt Restructured Loans: Total — $ — Nonaccrual Troubled Debt Restructured Loans: Real estate—commercial real estate 3 $ 198 Total 3 $ 198 Three Months Ended September 30, 2020 Accruing Troubled Debt Restructured Loans: Total — $ — Nonaccrual Troubled Debt Restructured Loans: Real estate—residential secured for personal purpose 1 $ 544 Total 1 $ 544 Nine Months Ended September 30, 2021 Accruing Troubled Debt Restructured Loans: Total — $ — Nonaccrual Troubled Debt Restructured Loans: Real estate—commercial real estate 3 $ 198 Total 3 $ 198 Nine Months Ended September 30, 2020 Accruing Troubled Debt Restructured Loans: Total — $ — Nonaccrual Troubled Debt Restructured Loans: Commercial, financial and agricultural 1 $ 619 Real estate—residential secured for personal purpose 1 544 Total 2 $ 1,163 There were no accruing or nonaccrual troubled debt restructured loans for which there were payment defaults within twelve months of the restructuring date for the three and nine months ended September 30, 2021 or September 30, 2020. The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at September 30, 2021 or December 31, 2020: (Dollars in thousands) At September 30, 2021 At December 31, 2020 Real estate-residential secured for personal purpose $ — $ 64 Total $ — $ 64 There was no foreclosed residential real estate property included in other real estate owned at September 30, 2021 or December 31, 2020. Lease Financings The following presents the schedule of minimum lease payments receivable: (Dollars in thousands) At September 30, 2021 At December 31, 2020 2021 (excluding the nine months ended September 30, 2021) $ 15,484 $ 61,724 2022 63,076 49,970 2023 48,916 35,631 2024 33,363 20,821 2025 19,605 8,319 Thereafter 9,756 2,763 Total future minimum lease payments receivable 190,200 179,228 Plus: Unguaranteed residual 1,124 914 Plus: Initial direct costs 2,585 2,567 Less: Imputed interest (18,445) (17,670) Lease financings $ 175,464 $ 165,039 |