Loans and Leases | Loans and Leases Summary of Major Loan and Lease Categories (Dollars in thousands) At March 31, 2023 At December 31, 2022 Commercial, financial and agricultural $ 1,032,753 $ 1,088,928 Real estate-commercial 3,128,210 3,027,955 Real estate-construction 376,569 381,811 Real estate-residential secured for business purpose 498,505 478,254 Real estate-residential secured for personal purpose 779,557 730,395 Real estate-home equity secured for personal purpose 172,073 176,699 Loans to individuals 28,656 27,873 Lease financings 223,481 211,315 Total loans and leases held for investment, net of deferred income $ 6,239,804 $ 6,123,230 Less: Allowance for credit losses, loans and leases (80,034) (79,004) Net loans and leases held for investment $ 6,159,770 $ 6,044,226 Imputed interest on lease financings, included in the above table $ (24,386) $ (21,932) Net deferred costs, included in the above table 6,633 6,053 Overdraft deposits included in the above table 154 93 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 March 31, 2023 and December 31, 2022: 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 March 31, 2023 Commercial, financial and agricultural $ 1,348 $ — $ — $ 1,348 $ 1,027,982 $ 1,029,330 $ 3,423 $ 1,032,753 Real estate—commercial real estate and construction: Commercial real estate 328 — 1,195 1,523 3,122,399 3,123,922 4,288 3,128,210 Construction — — — — 376,186 376,186 383 376,569 Real estate—residential and home equity: Residential secured for business purpose 308 768 — 1,076 496,670 497,746 759 498,505 Residential secured for personal purpose 1,506 — — 1,506 776,551 778,057 1,500 779,557 Home equity secured for personal purpose 835 74 — 909 170,216 171,125 948 172,073 Loans to individuals 20 4 47 71 28,585 28,656 — 28,656 Lease financings 1,207 371 754 2,332 221,088 223,420 61 223,481 Total $ 5,552 $ 1,217 $ 1,996 $ 8,765 $ 6,219,677 $ 6,228,442 $ 11,362 $ 6,239,804 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, 2022 Commercial, financial and agricultural $ 1,616 $ 343 $ — $ 1,959 $ 1,081,897 $ 1,083,856 $ 5,072 $ 1,088,928 Real estate—commercial real estate and construction: Commercial real estate 3,281 290 20 3,591 3,019,827 3,023,418 4,537 3,027,955 Construction 315 — — 315 381,496 381,811 — 381,811 Real estate—residential and home equity: Residential secured for business purpose 375 203 263 841 476,400 477,241 1,013 478,254 Residential secured for personal purpose 4,127 162 319 4,608 723,798 728,406 1,989 730,395 Home equity secured for personal purpose 953 225 — 1,178 174,781 175,959 740 176,699 Loans to individuals 32 153 39 224 27,649 27,873 — 27,873 Lease financings 3,555 341 234 4,130 207,183 211,313 2 211,315 Total $ 14,254 $ 1,717 $ 875 $ 16,846 $ 6,093,031 $ 6,109,877 $ 13,353 $ 6,123,230 Nonperforming Loans and Leases The following presents, by class of loans and leases, nonperforming loans and leases at March 31, 2023 and December 31, 2022. At March 31, 2023 At December 31, 2022 (Dollars in thousands) Nonaccrual Loans and Total Nonperforming Nonaccrual Loans and Total Nonperforming Commercial, financial and agricultural $ 3,423 $ — $ 3,423 $ 5,072 $ — $ 5,072 Real estate—commercial real estate and construction: Commercial real estate 4,288 1,195 5,483 4,537 20 4,557 Construction 383 — 383 — — — Real estate—residential and home equity: Residential secured for business purpose 759 — 759 1,013 263 1,276 Residential secured for personal purpose 1,500 — 1,500 1,989 319 2,308 Home equity secured for personal purpose 948 — 948 740 — 740 Loans to individuals — 47 47 — 39 39 Lease financings 61 754 815 2 234 236 Total $ 11,362 $ 1,996 $ 13,358 $ 13,353 $ 875 $ 14,228 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 March 31, 2023 and December 31, 2022. (Dollars in thousands) Nonaccrual With No ACL Nonaccrual With ACL Total Nonaccrual Loans and Leases 90 Days or more Past Due and Accruing Interest At March 31, 2023 Commercial, financial and agricultural $ 159 $ 3,264 $ 3,423 $ — Real estate-commercial 4,288 — 4,288 1,195 Real estate-construction 383 — 383 — Real estate-residential secured for business purpose 759 — 759 — Real estate-residential secured for personal purpose 1,500 — 1,500 — Real estate-home equity secured for personal purpose 948 — 948 — Loans to individuals — — — 47 Lease financings — 61 61 754 Total $ 8,037 $ 3,325 $ 11,362 $ 1,996 At December 31, 2022 Commercial, financial and agricultural $ 225 $ 4,847 $ 5,072 $ — Real estate-commercial 4,537 — 4,537 20 Real estate-residential secured for business purpose 1,013 — 1,013 263 Real estate-residential secured for personal purpose 1,989 — 1,989 319 Real estate-home equity secured for personal purpose 740 — 740 — Loans to individuals — — — 39 Lease financings — 2 2 234 Total $ 8,504 $ 4,849 $ 13,353 $ 875 For the three months ended March 31, 2023, $6 thousand of interest income was recognized on nonaccrual loans and leases. The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of March 31, 2023 and December 31, 2022. (Dollars in thousands) Real Estate Other (1) None (2) Total At March 31, 2023 Commercial, financial and agricultural $ 3,423 $ — $ — $ 3,423 Real estate-commercial 4,288 — — 4,288 Real estate-construction 383 — — 383 Real estate-residential secured for business purpose 759 — — 759 Real estate-residential secured for personal purpose 1,500 — — 1,500 Real estate-home equity secured for personal purpose 948 — — 948 Lease financings — 61 — 61 Total $ 11,301 $ 61 $ — $ 11,362 (Dollars in thousands) Real Estate Other (1) None (2) Total At December 31, 2022 Commercial, financial and agricultural $ 2,743 $ — $ 2,329 $ 5,072 Real estate-commercial 4,537 — — 4,537 Real estate-residential secured for business purpose 1,013 — — 1,013 Real estate-residential secured for personal purpose 1,989 — — 1,989 Real estate-home equity secured for personal purpose 740 — — 740 Lease financings — 2 — 2 Total $ 11,022 $ 2 $ 2,329 $ 13,353 (1) Collateral consists of business assets, including accounts receivable, personal property and equipment. (2) Loans fully guaranteed by the SBA or 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 key risk indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2022. 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, 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, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at March 31, 2023 and December 31, 2022. Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total At March 31, 2023 Commercial, Financial and Agricultural Risk Rating 1. Pass $ 27,521 $ 194,140 $ 145,736 $ 36,286 $ 25,788 $ 67,231 $ 469,953 $ 729 $ 967,384 2. Special Mention — 3,926 21,196 2,362 7,098 — 27,337 — 61,919 3. Substandard — — 108 — 589 — 2,753 — 3,450 Total $ 27,521 $ 198,066 $ 167,040 $ 38,648 $ 33,475 $ 67,231 $ 500,043 $ 729 $ 1,032,753 Current period gross charge-offs $ — $ — $ 247 $ 23 $ — $ — $ 2,578 $ — $ 2,848 Real Estate-Commercial Risk Rating 1. Pass $ 117,401 $ 880,556 $ 682,078 $ 703,079 $ 360,218 $ 304,672 $ 52,553 $ — $ 3,100,557 2. Special Mention — 854 10,250 5,725 — 2,816 1,771 — 21,416 3. Substandard — — 1,949 1,701 — 2,587 — — 6,237 Total $ 117,401 $ 881,410 $ 694,277 $ 710,505 $ 360,218 $ 310,075 $ 54,324 $ — $ 3,128,210 Current period gross charge-offs $ — $ — $ — $ — $ — $ 50 $ — $ — $ 50 Real Estate-Construction Risk Rating 1. Pass $ 36,683 $ 261,911 $ 27,799 $ 3,949 $ 255 $ 2,761 $ 26,178 $ — $ 359,536 2. Special Mention — 5,352 — — — — 5,472 — 10,824 3. Substandard — 380 — — 5,829 — — — 6,209 Total $ 36,683 $ 267,643 $ 27,799 $ 3,949 $ 6,084 $ 2,761 $ 31,650 $ — $ 376,569 Current period gross charge-offs $ — $ — $ — $ 207 $ — $ — $ — $ — $ 207 Real Estate-Residential Secured for Business Purpose Risk Rating 1. Pass $ 30,786 $ 162,069 $ 131,702 $ 65,443 $ 40,142 $ 38,726 $ 27,696 $ — $ 496,564 2. Special Mention — — — 245 — 934 — — 1,179 3. Substandard — — 211 26 — 488 37 — 762 Total $ 30,786 $ 162,069 $ 131,913 $ 65,714 $ 40,142 $ 40,148 $ 27,733 $ — $ 498,505 Totals By Risk Rating 1. Pass $ 212,391 $ 1,498,676 $ 987,315 $ 808,757 $ 426,403 $ 413,390 $ 576,380 $ 729 $ 4,924,041 2. Special Mention — 10,132 31,446 8,332 7,098 3,750 34,580 — 95,338 3. Substandard — 380 2,268 1,727 6,418 3,075 2,790 — 16,658 Total $ 212,391 $ 1,509,188 $ 1,021,029 $ 818,816 $ 439,919 $ 420,215 $ 613,750 $ 729 $ 5,036,037 Total current period gross charge-offs $ — $ — $ 247 $ 230 $ — $ 50 $ 2,578 $ — $ 3,105 Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total At December 31, 2022 Commercial, Financial and Agricultural Risk Rating 1. Pass $ 233,064 $ 148,033 $ 41,091 $ 28,269 $ 28,209 $ 48,631 $ 487,818 $ 125 $ 1,015,240 2. Special Mention 2,732 28,220 9,623 8,104 26 — 19,829 — 68,534 3. Substandard — 13 — — — — 5,141 — 5,154 Total $ 235,796 $ 176,266 $ 50,714 $ 36,373 $ 28,235 $ 48,631 $ 512,788 $ 125 $ 1,088,928 Real Estate-Commercial Risk Rating 1. Pass $ 877,703 $ 680,432 $ 724,941 $ 332,702 $ 118,034 $ 208,974 $ 54,139 $ — $ 2,996,925 2. Special Mention 869 8,173 11,582 944 85 3,002 1,838 — 26,493 3. Substandard — — 1,770 — 2,222 495 50 — 4,537 Total $ 878,572 $ 688,605 $ 738,293 $ 333,646 $ 120,341 $ 212,471 $ 56,027 $ — $ 3,027,955 Real Estate-Construction Risk Rating 1. Pass $ 243,983 $ 52,485 $ 8,341 $ 34,670 $ 191 $ 442 $ 30,223 $ — $ 370,335 2. Special Mention — 5,781 — 5,695 — — — — 11,476 3. Substandard — — — — — — — — — Total $ 243,983 $ 58,266 $ 8,341 $ 40,365 $ 191 $ 442 $ 30,223 $ — $ 381,811 Real Estate-Residential Secured for Business Purpose Risk Rating 1. Pass $ 165,844 $ 128,669 $ 67,955 $ 39,794 $ 21,226 $ 23,324 $ 29,239 $ — $ 476,051 2. Special Mention — — 247 — — 941 — — 1,188 3. Substandard — 211 27 — 38 594 145 — 1,015 Total $ 165,844 $ 128,880 $ 68,229 $ 39,794 $ 21,264 $ 24,859 $ 29,384 $ — $ 478,254 Totals By Risk Rating 1. Pass $ 1,520,594 $ 1,009,619 $ 842,328 $ 435,435 $ 167,660 $ 281,371 $ 601,419 $ 125 $ 4,858,551 2. Special Mention 3,601 42,174 21,452 14,743 111 3,943 21,667 — 107,691 3. Substandard — 224 1,797 — 2,260 1,089 5,336 — 10,706 Total $ 1,524,195 $ 1,052,017 $ 865,577 $ 450,178 $ 170,031 $ 286,403 $ 628,422 $ 125 $ 4,976,948 The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2023 or December 31, 2022. 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, 2022. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. 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 March 31, 2023 and December 31, 2022. Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total At March 31, 2023 Real Estate-Residential Secured for Personal Purpose Payment Performance 1. Performing $ 45,329 $ 265,019 $ 213,723 $ 138,347 $ 23,519 $ 92,037 $ 83 $ 778,057 2. Nonperforming — 158 47 — 309 986 — 1,500 Total $ 45,329 $ 265,177 $ 213,770 $ 138,347 $ 23,828 $ 93,023 $ 83 $ 779,557 Real Estate-Home Equity Secured for Personal Purpose Payment Performance 1. Performing $ 219 $ 2,761 $ 614 $ 467 $ 186 $ 1,743 $ 165,135 $ 171,125 2. Nonperforming — — — — — 45 903 948 Total $ 219 $ 2,761 $ 614 $ 467 $ 186 $ 1,788 $ 166,038 $ 172,073 Loans to Individuals Payment Performance 1. Performing $ 502 $ 1,317 $ 763 $ 494 $ 197 $ 1,359 $ 23,977 $ 28,609 2. Nonperforming — — — — — 47 — 47 Total $ 502 $ 1,317 $ 763 $ 494 $ 197 $ 1,406 $ 23,977 $ 28,656 Current period gross charge-offs $ 38 $ 19 $ — $ 5 $ — $ — $ 43 $ 105 Lease Financings Payment Performance 1. Performing $ 31,451 $ 88,155 $ 56,656 $ 29,682 $ 12,776 $ 3,946 $ — $ 222,666 2. Nonperforming — 654 111 18 4 28 — 815 Total $ 31,451 $ 88,809 $ 56,767 $ 29,700 $ 12,780 $ 3,974 $ — $ 223,481 Current period gross charge-offs $ — $ — $ — $ 20 $ — $ — $ — $ 20 Totals by Payment Performance 1. Performing $ 77,501 $ 357,252 $ 271,756 $ 168,990 $ 36,678 $ 99,085 $ 189,195 $ 1,200,457 2. Nonperforming — 812 158 18 313 1,106 903 3,310 Total $ 77,501 $ 358,064 $ 271,914 $ 169,008 $ 36,991 $ 100,191 $ 190,098 $ 1,203,767 Total current period gross charge-offs $ 38 $ 19 $ — $ 25 $ — $ — $ 43 $ 125 Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total At December 31, 2022 Real Estate-Residential Secured for Personal Purpose Payment Performance 1. Performing $ 258,293 $ 211,638 $ 140,822 $ 23,827 $ 18,273 $ 75,126 $ 108 $ 728,087 2. Nonperforming — 48 466 319 306 1,169 — 2,308 Total $ 258,293 $ 211,686 $ 141,288 $ 24,146 $ 18,579 $ 76,295 $ 108 $ 730,395 Real Estate-Home Equity Secured for Personal Purpose Payment Performance 1. Performing $ 2,945 $ 642 $ 491 $ 192 $ 205 $ 1,565 $ 169,870 $ 175,910 2. Nonperforming — — — — 157 3 629 789 Total $ 2,945 $ 642 $ 491 $ 192 $ 362 $ 1,568 $ 170,499 $ 176,699 Loans to Individuals Payment Performance 1. Performing $ 1,581 $ 857 $ 554 $ 247 $ 138 $ 1,340 $ 23,117 $ 27,834 2. Nonperforming — — — — — 39 — 39 Total $ 1,581 $ 857 $ 554 $ 247 $ 138 $ 1,379 $ 23,117 $ 27,873 Lease Financings Payment Performance 1. Performing $ 94,430 $ 61,680 $ 33,468 $ 15,164 $ 5,569 $ 768 $ — $ 211,079 2. Nonperforming 41 56 17 21 90 11 — 236 Total $ 94,471 $ 61,736 $ 33,485 $ 15,185 $ 5,659 $ 779 $ — $ 211,315 Totals by Payment Performance 1. Performing $ 357,249 $ 274,817 $ 175,335 $ 39,430 $ 24,185 $ 78,799 $ 193,095 $ 1,142,910 2. Nonperforming 41 104 483 340 553 1,222 629 3,372 Total $ 357,290 $ 274,921 $ 175,818 $ 39,770 $ 24,738 $ 80,021 $ 193,724 $ 1,146,282 The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at March 31, 2023 or December 31, 2022. Allowance for Credit Losses on Loans and Leases and Recorded Investment in Loans and Leases The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three months ended March 31, 2023 and 2022. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the three months ended March 31, 2023. (Dollars in thousands) Beginning balance Provision (reversal of provision) for credit losses Charge-offs Recoveries Ending balance Three Months Ended March 31, 2023 Allowance for credit losses, loans and leases: Commercial, financial and agricultural $ 16,920 $ 547 $ (2,848) $ 106 $ 14,725 Real estate-commercial 41,673 1,524 (50) 3 43,150 Real estate-construction 4,952 (64) (207) — 4,681 Real estate-residential secured for business purpose 7,054 1,125 — 181 8,360 Real estate-residential secured for personal purpose 3,685 1,327 — — 5,012 Real estate-home equity secured for personal purpose 1,287 (66) — 50 1,271 Loans to individuals 351 113 (105) 16 375 Lease financings 3,082 (634) (20) 32 2,460 Unallocated — — N/A N/A — Total $ 79,004 $ 3,872 $ (3,230) $ 388 $ 80,034 Three Months Ended March 31, 2022 Allowance for credit losses, loans and leases: Commercial, financial and agricultural $ 13,538 $ (1,672) $ (214) $ 189 $ 11,841 Real estate-commercial 41,095 (669) — — 40,426 Real estate-construction 4,575 (941) — — 3,634 Real estate-residential secured for business purpose 6,482 (328) — 48 6,202 Real estate-residential secured for personal purpose 2,403 189 — — 2,592 Real estate-home equity secured for personal purpose 1,028 (53) — 1 976 Loans to individuals 363 57 (75) 24 369 Lease financings 2,290 5 (59) 10 2,246 Unallocated 150 (150) N/A N/A — Total $ 71,924 $ (3,562) $ (348) $ 272 $ 68,286 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 March 31, 2023 and 2022: 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 March 31, 2023 Commercial, financial and agricultural $ 912 $ 13,813 $ 14,725 $ 3,423 $ 1,029,330 $ — $ 1,032,753 Real estate-commercial — 43,150 43,150 4,288 3,123,922 — 3,128,210 Real estate-construction — 4,681 4,681 383 376,186 — 376,569 Real estate-residential secured for business purpose — 8,360 8,360 759 497,746 — 498,505 Real estate-residential secured for personal purpose — 5,012 5,012 1,500 778,057 — 779,557 Real estate-home equity secured for personal purpose — 1,271 1,271 948 171,125 — 172,073 Loans to individuals — 375 375 — 28,656 — 28,656 Lease financings — 2,460 2,460 — 223,481 — 223,481 Total $ 912 $ 79,122 $ 80,034 $ 11,301 $ 6,228,503 $ — $ 6,239,804 At March 31, 2022 Commercial, financial and agricultural $ — $ 11,841 $ 11,841 $ 448 $ 942,335 $ — $ 942,783 Real estate-commercial 954 39,472 40,426 26,411 2,790,313 13 2,816,737 Real estate-construction — 3,634 3,634 — 285,083 — 285,083 Real estate-residential secured for business purpose — 6,202 6,202 1,120 411,366 — 412,486 Real estate-residential secured for personal purpose — 2,592 2,592 2,259 566,476 — 568,735 Real estate-home equity secured for personal purpose — 976 976 489 159,645 — 160,134 Loans to individuals — 369 369 — 26,249 — 26,249 Lease financings — 2,246 2,246 — 188,579 — 188,579 Total $ 954 $ 67,332 $ 68,286 $ 30,727 $ 5,370,046 $ 13 $ 5,400,786 N/A – Not applicable Modified Loans to Borrowers Experiencing Financial Difficulty The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2023. Three Months Ended March 31, 2023 (Dollars in thousands) Number Amortized Cost Basis* % of Total Class of Financing Receivable Related Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Real estate—construction 1 $ 5,829 1.2 % $ 16 Total 1 $ 5,829 $ 16 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial, financial and agricultural 1 $ 2,620 0.3 % $ 538 Total 1 $ 2,620 $ 538 *Amortized cost excludes $26 thousand of accrued interest receivable on modified loans. The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2023. Term Extension (Dollars in thousands) No. of Financial Effect Three Months Ended March 31, 2023 Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Real estate—construction 1 Extended the loan maturity by 8 months to allow time for the construction to be completed. 3 months of interest payments were capitalized to the loan balance. Total 1 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial, financial and agricultural 1 Extended the loan maturity by 10 months in order to provide time to borrower to liquidate collateral for loan payoff. Total 1 There were no accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults after the modification date for the three months ended March 31, 2023. The following presents, by class of loans, the amortized cost and payment status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty at March 31, 2023. At March 31, 2023 (Dollars in thousands) Current 30-89 Days Past Due 90 Days or More Past Due Total Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Real estate—construction $ 5,829 $ — $ — $ 5,829 Total $ 5,829 $ — $ — $ 5,829 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial, financial and agricultural $ 2,620 $ — $ — $ 2,620 Total $ 2,620 $ — $ — $ 2,620 The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at March 31, 2023 or December 31, 2022. (Dollars in thousands) At March 31, 2023 At December 31, 2022 Real estate-residential secured for personal purpose $ 2,812 $ 822 Real estate-home equity secured for personal purpose 71 72 Total $ 2,883 $ 894 There was no foreclosed residential real estate property included in other real estate owned at March 31, 2023 or December 31, 2022. Lease Financings The following presents the schedule of minimum lease payments receivable: (Dollars in thousands) At March 31, 2023 At December 31, 2022 2023 (excluding the three months ended March 31, 2023) $ 74,280 $ 75,900 2024 66,701 61,793 2025 49,414 45,738 2026 33,086 29,902 2027 14,603 13,091 Thereafter 5,421 2,552 Total future minimum lease payments receivable 243,505 228,976 Plus: Unguaranteed residual 1,212 1,387 Plus: Initial direct costs 3,150 2,884 Less: Imputed interest (24,386) (21,932) Lease financings $ 223,481 $ 211,315 |