First Guaranty Bancshares (FGBI) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 08, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-37621
Entity Registrant Name	FIRST GUARANTY BANCSHARES, INC.
Entity Incorporation, State or Country Code	LA
Entity Tax Identification Number	26-0513559
Entity Address, Address Line One	400 East Thomas Street
Entity Address, City or Town	Hammond,
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	70401
City Area Code	(985)
Local Phone Number	345-7685
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,431,083
Entity Central Index Key	0001408534
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	FGBI
Security Exchange Name	NASDAQ
Noncumulative Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depository Shares (each representing a 1/40th interest in a share of 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock)
Trading Symbol	FGBIP
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Cash and cash equivalents:
Cash and due from banks	$ 200,825	$ 82,796
Federal funds sold	450	423
Cash and cash equivalents	201,275	83,219
Investment securities:
Available for sale, at fair value	79,857	131,458
Held to maturity, at cost and net of allowance for credit losses of $80 and $0 (estimated fair value of $234,771 and $242,560 respectively)	320,624	320,068
Investment securities	400,481	451,526
Federal Home Loan Bank stock, at cost	13,241	6,528
Loans held for sale	0	0
Loans, net of unearned income	2,699,393	2,519,077
Less: allowance for credit losses	31,936	23,518
Net loans	2,667,457	2,495,559
Premises and equipment, net	64,006	58,206
Goodwill	12,900	12,900
Intangible assets, net	4,366	4,979
Other real estate, net	1,135	113
Accrued interest receivable	16,728	13,002
Other assets	36,645	25,315
Total Assets	3,418,234	3,151,347
Deposits:
Noninterest-bearing demand	458,392	524,415
Interest-bearing demand	1,435,555	1,460,259
Savings	214,371	205,760
Time	706,691	533,358
Total deposits	2,815,009	2,723,792
Short-term advances from Federal Home Loan Bank	125,000	120,000
Short-term borrowings	20,000	20,000
Repurchase agreements	7,659	6,442
Accrued interest payable	10,780	4,289
Long-term advances from Federal Home Loan Bank	155,000	0
Senior long-term debt	20,306	21,927
Junior subordinated debentures	15,000	15,000
Other liabilities	10,658	4,906
Total Liabilities	3,179,412	2,916,356
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized
Non-cumulative perpetual; 34,500 shares issued and outstanding	33,058	33,058
Common stock, $1 par value - 100,600,000 shares authorized; 11,431,083 and 10,716,796 shares issued and outstanding	11,431	10,717
Surplus	139,379	130,093
Retained earnings	69,247	76,351
Accumulated other comprehensive (loss) income	(14,293)	(15,228)
Total Shareholders' Equity	238,822	234,991
Total Liabilities and Shareholders' Equity	$ 3,418,234	$ 3,151,347

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Held to maturity, allowance for credit losses	$ 80	$ 0
Securities, held for maturity	$ 234,771	$ 242,560
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)	100,000	100,000
Preferred stock, shares issued (in shares)	34,500	34,500
Preferred stock, shares outstanding (in shares)	34,500	34,500
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	100,600,000	100,600,000
Common stock, shares, issued (in shares)	11,431,083	11,431,083
Common stock, shares, outstanding (in shares)	10,716,796	10,716,796

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest Income:
Loans (including fees)	$ 43,407	$ 32,386	$ 121,846	$ 90,423
Deposits with other banks	1,897	561	3,719	924
Securities (including FHLB stock)	2,323	2,303	7,130	6,922
Total Interest Income	47,627	35,250	132,695	98,269
Interest Expense:
Demand deposits	16,102	6,243	44,187	11,403
Savings deposits	1,001	267	2,418	429
Time deposits	6,504	2,533	15,304	7,828
Borrowings	3,575	758	7,127	1,867
Total Interest Expense	27,182	9,801	69,036	21,527
Net Interest Income	20,445	25,449	63,659	76,742
Less: Provision for credit losses	627	1,509	1,489	2,898
Net Interest Income after Provision for Credit Losses	19,818	23,940	62,170	73,844
Noninterest Income:
Service charges, commissions and fees	858	814	2,461	2,364
ATM and debit card fees	796	864	2,449	2,591
Net gains (losses) on securities	0	0	0	(17)
Net gains (losses) on sale of loans	0	1,624	12	1,713
Other	835	716	3,083	1,856
Total Noninterest Income	2,489	4,018	8,005	8,507
Noninterest Expense:
Salaries and employee benefits	10,429	9,181	30,365	27,246
Occupancy and equipment expense	2,121	2,295	6,542	6,748
Other	7,446	6,312	22,990	18,364
Total Noninterest Expense	19,996	17,788	59,897	52,358
Income Before Income Taxes	2,311	10,170	10,278	29,993
Less: Provision for income taxes	539	2,117	2,362	6,230
Net Income	1,772	8,053	7,916	23,763
Less: Preferred stock dividends	582	582	1,747	1,747
Net Income Available to Common Shareholders	$ 1,190	$ 7,471	$ 6,169	$ 22,016
Per Common Share:
Earnings (in dollars per share)	$ 0.10	$ 0.70	$ 0.56	$ 2.05
Cash dividends paid (in dollars per share)	$ 0.16	$ 0.16	$ 0.48	$ 0.48
Weighted Average Common Shares Outstanding (in shares)	11,431,083	10,716,796	11,022,919	10,716,796

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 1,772	$ 8,053	$ 7,916	$ 23,763
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains arising during the period	766	(1,082)	1,184	(11,818)
Reclassification adjustments for (gains) losses included in net income	0	0	0	17
Change in unrealized (losses) gains on securities	766	(1,082)	1,184	(11,801)
Tax impact	(161)	227	(249)	2,478
Other comprehensive (loss) income	605	(855)	935	(9,323)
Comprehensive Income	$ 2,377	$ 7,198	$ 8,851	$ 14,440

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Cumulative effect of adoption of ASC Topic 326, net of tax	Preferred Stock $1,000 Par	Common Stock $1 Par	Surplus	Retained Earnings	Retained Earnings Cumulative effect of adoption of ASC Topic 326, net of tax	Accumulated Other Comprehensive Income/(Loss)
Beginning balance at Dec. 31, 2021	$ 223,889		$ 33,058	$ 10,717	$ 130,093	$ 56,654		$ (6,633)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,585					7,585
Other comprehensive income (loss)	(7,425)							(7,425)
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,715)					(1,715)
Ending balance at Mar. 31, 2022	221,752		33,058	10,717	130,093	61,942		(14,058)
Beginning balance at Dec. 31, 2021	223,889		33,058	10,717	130,093	56,654		(6,633)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,763
Other comprehensive income (loss)	(9,323)
Preferred stock dividends	(1,747)
Ending balance at Sep. 30, 2022	231,438		33,058	10,717	130,093	73,526		(15,956)
Beginning balance at Dec. 31, 2021	223,889		33,058	10,717	130,093	56,654		(6,633)
Ending balance at Dec. 31, 2022	$ 234,991	$ (7,900)	33,058	10,717	130,093	76,351	$ (7,900)	(15,228)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Beginning balance at Mar. 31, 2022	$ 221,752		33,058	10,717	130,093	61,942		(14,058)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,124					8,124
Other comprehensive income (loss)	(1,043)							(1,043)
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,715)					(1,715)
Ending balance at Jun. 30, 2022	226,536		33,058	10,717	130,093	67,769		(15,101)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,053					8,053
Other comprehensive income (loss)	(855)							(855)
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,714)					(1,714)
Ending balance at Sep. 30, 2022	231,438		33,058	10,717	130,093	73,526		(15,956)
Beginning balance at Dec. 31, 2022	234,991	(7,900)	33,058	10,717	130,093	76,351	(7,900)	(15,228)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,468					3,468
Other comprehensive income (loss)	414							414
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,715)					(1,715)
Ending balance at Mar. 31, 2023	228,676		33,058	10,717	130,093	69,622		(14,814)
Beginning balance at Dec. 31, 2022	234,991	$ (7,900)	33,058	10,717	130,093	76,351	$ (7,900)	(15,228)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,916
Other comprehensive income (loss)	935
Preferred stock dividends	(1,747)
Ending balance at Sep. 30, 2023	238,822		33,058	11,431	139,379	69,247		(14,293)
Beginning balance at Mar. 31, 2023	228,676		33,058	10,717	130,093	69,622		(14,814)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,676					2,676
Common stock issued in private placement, 714,287 shares	10,000			714	9,286
Other comprehensive income (loss)	(84)							(84)
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,829)					(1,829)
Ending balance at Jun. 30, 2023	238,857		33,058	11,431	139,379	69,887		(14,898)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,772					1,772
Other comprehensive income (loss)	605							605
Preferred stock dividends	(582)					(582)
Cash dividends on common stock	(1,830)					(1,830)
Ending balance at Sep. 30, 2023	$ 238,822		$ 33,058	$ 11,431	$ 139,379	$ 69,247		$ (14,293)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Preferred stock, par value (in dollars per share)	$ 1,000						$ 1,000		$ 1,000
Common stock, par value (in dollars per share)	1						1		$ 1
Cash dividends paid (in dollars per share)	$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.48	$ 0.48
Common stock issued in private placement (in shares)		714,287

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows From Operating Activities
Net income	$ 7,916	$ 23,763
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,489	2,898
Depreciation and amortization	3,031	3,000
Amortization/Accretion of investments	709	1,298
(Gain) loss on sale/call of securities	0	17
(Gain) loss on sale of assets	(23)	(1,774)
Repossessed asset write downs, gains and losses on dispositions	150	146
FHLB stock dividends	(209)	(7)
Change in other assets and liabilities, net	(4,216)	4,221
Net Cash Provided By Operating Activities	8,847	33,562
Cash Flows From Investing Activities
Proceeds from maturities and calls of HTM securities	180	0
Proceeds from maturities, calls and sales of AFS securities	51,196	52,876
Funds invested in AFS securities	0	(153,053)
Funds invested in Federal Home Loan Bank stock	(8,929)	(3,464)
Proceeds from sale/redemption of Federal Home Loan Bank stock	2,425	0
Net increase in loans	(181,469)	(281,615)
Purchase of premises and equipment	(8,260)	(1,903)
Proceeds from sales of premises and equipment	276	47
Proceeds from sales of other real estate owned	101	787
Net Cash Used In Investing Activities	(144,480)	(386,325)
Cash Flows From Financing Activities
Net increase in deposits	91,217	112,080
Net (decrease) increase in federal funds purchased and short-term borrowings	6,217	99,969
Proceeds from long-term borrowings	155,000	0
Repayment of long-term borrowings	(1,625)	(4,970)
Proceeds from issuance of common stock	10,000	0
Dividends paid on preferred stock	(1,747)	(1,747)
Dividends paid on common stock	(5,373)	(5,144)
Net Cash Provided By Financing Activities	253,689	200,188
Net Increase (Decrease) In Cash and Cash Equivalents	118,056	(152,575)
Cash and Cash Equivalents at the Beginning of the Period	83,219	261,932
Cash and Cash Equivalents at the End of the Period	201,275	109,357
Noncash Activities:
Acquisition of real estate in settlement of loans	1,273	558
Transfer of securities from AFS to HTM	0	176,181
Cash Paid During The Period:
Interest on deposits and borrowed funds	62,545	22,366
Federal
Cash Paid During The Period:
Income taxes paid	3,100	6,600
State
Cash Paid During The Period:
Income taxes paid	$ 330	$ 0

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles. The consolidated financial statements and the footnotes of First Guaranty Bancshares, Inc. ("First Guaranty") thereto should be read in conjunction with the audited consolidated financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty's Annual Report on Form 10-K for the year ended December 31, 2022. The consolidated financial statements include the accounts of First Guaranty Bancshares, Inc. and its wholly owned subsidiary First Guaranty Bank (the "Bank"). All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary for a fair presentation of the consolidated financial statements. Those adjustments are of a normal recurring nature. The results of operations at September 30, 2023 and for the three and nine month periods ended September 30, 2023 and 2022 are not necessarily indicative of the results expected for the full year or any other interim period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near-term relate to the determination of the allowance for credit losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and the valuation of investment securities.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted in 2023 First Guaranty adopted FASB ASC Topic 326 “ Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments ” Update No. 2016-13 ( “ ASU 2016-13 ” ). ASU 2016-13 on January 1, 2023. ASU 2016-13, referred to as the Current Expected Credit Loss (“CECL”) standard, requires financial assets measured on an amortized cost basis, including loans and held-to-maturity debt securities, to be presented at an amount net of an allowance for credit losses, which reflects expected losses for the full life of the financial asset. Unfunded lending commitments are also within the scope of this topic. Under prior GAAP losses were not recognized until the occurrence of the loss was probable. CECL requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. The CECL methodology requires that lifetime expected credit losses be recorded at the time the financial asset is originated or acquired, and be adjusted each period as a provision for credit losses for changes in expected lifetime credit losses. ASU 2016-13 does not specify the method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the lifetime credit loss estimate. First Guaranty developed a CECL model methodology that calculates expected credit losses over the life of the portfolio by analyzing the composition, characteristics and quality of the loan and securities portfolios, as well as prevailing economic conditions and forecasts. First Guaranty’s CECL calculation estimates loan losses using a combination of discounted cash flow and remaining life analyses. First Guaranty adopted ASU 2016 - 13 using the modified retrospective approach for all loans and off-balance sheet credit exposures measured at amortized cost, other than purchased credit deteriorated (“PCD”) financial assets. Results for reporting periods beginning after December 31, 2022 are presented in accordance with A SU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. ASU 2016-13 also amended the accounting model for purchased financial assets and replaced the guidance for purchased credit impaired (“PCI”) financial assets with the concept of PCDs. For PCD assets, the CECL estimate is recognized through the allowance for credit losses with an offset to the amortized cost basis of the PCD asset at the date of acquisition. Subsequent changes in the allowance for credit losses for PCD assets are recognized through a provision for credit losses on loans. First Guaranty used the prospective transition approach for PCD loans that were previously classified as PCI and accounted for under ASC 310 - 30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality” (“ASC 310 - 30” ). First Guaranty determined that certain PCI assets no longer met meet the criteria of PCD assets as of the date of adoption. First Guaranty adopted ASU 2016-13 on January 1, 2023, and recorded a one-time, cumulative effect adjustment as shown in the table below (dollars in thousands). December 31, 2022 Impact of ASU 2016-13 Adoption January 1, 2023 Assets: Allowance for credit losses $ (23,518) $ (8,220) $ (31,738) Deferred tax asset 6,420 2,100 8,520 Remaining purchase discount on loans (1,120) 1,120 — Liabilities: Reserve for unfunded loan commitments — (2,900) (2,900) Shareholders' Equity: Retained earnings 76,351 (7,900) 68,451 In addition, ASU 2016-13 amends the accounting for credit losses on available for sale (“AFS”) securities, requiring expected credit losses on AFS securities to be recorded in an allowance for credit losses rather than as a write-down of the securities’ amortized cost. Declines in the fair value of AFS securities that are not considered credit related are recognized in accumulated other comprehensive income. In addition, expected credit losses on held to maturity (“HTM”) securities are required to be recorded in an allowance for credit losses rather than as a write-down of the securities’ amortized cost basis. First Guaranty’s AFS securities portfolio was not materially impacted by the adoption of ASC 326. A $100,000 allowance for HTM securities was recorded at the adoption of ASC 326. The allowance for credit losses is measured on a pool basis when similar risk characteristics exist and is maintained at an amount which management believes is a current estimate of the expected credit losses for the full life of the relevant pool of loans and related unfunded lending commitments. For modeling purposes, loan pools include: Real Estate based pools for construction and land development, farmland, 1-4 family residential, multifamily, and non-farm non-residential and non-real-estate pools for agricultural, commercial and industrial, commercial leases and consumer and other. Management periodically reassesses each pool to confirm the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary. The loss rates computed for each pool and expected pool-level funding rates are applied to the related unfunded lending commitments to calculate an allowance for credit losses. Loans that do not share similar risk characteristics with other loans are excluded from the loan pools and individually evaluated for impairment. Individually evaluated loans are loans for which it is probable that all the amounts due under the contractual terms of the loan will not be collected. FASB ASC Topic 326 “Financial Instruments – Credit Losses, Troubled Debt Restructurings and Vintage Disclosures” Update No. 2022-02 (“ASU 2022-02”). ASU 2022-02 became effective for First Guaranty on January 1, 2023 and is applied prospectively. ASU 2022-02 amends Topic 326 to eliminate the accounting guidance for troubled debt restructurings (“TDRs”) by creditors that have adopted ASU 2016-13 and, instead, requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendment also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases. The adoption of ASU 2022-02 did not have a material impact on First Guaranty’s consolidated financial statements. Accounting Pronouncements Not Yet Adopted None.

Securities

Securities	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Securities	Securities A summary comparison of securities by type at September 30, 2023 and December 31, 2022 is shown below. September 30, 2023 December 31, 2022 (in thousands) Amortized Cost Gross Gross Fair Value Amortized Cost Gross Unrealized Gains Gross Fair Value Available for sale: U.S. Treasuries $ 50,183 $ — $ (769) $ 49,414 $ 100,642 $ — $ (2,142) $ 98,500 U.S. Government Agencies — — — — — — — — Corporate debt securities 16,750 — (1,558) 15,192 16,750 — (752) 15,998 Municipal bonds 13,715 10 (746) 12,979 14,742 31 (426) 14,347 Mortgage-backed securities 2,536 — (264) 2,272 2,711 — (98) 2,613 Total available for sale securities $ 83,184 $ 10 $ (3,337) $ 79,857 $ 134,845 $ 31 $ (3,418) $ 131,458 Held to maturity: U.S. Government Agencies $ 265,680 $ — $ (77,067) $ 188,613 $ 265,032 $ — $ (69,503) $ 195,529 Corporate debt securities 55,024 — (8,866) 46,158 55,036 — (8,005) 47,031 Total held to maturity securities $ 320,704 $ — $ (85,933) $ 234,771 $ 320,068 $ — $ (77,508) $ 242,560 The scheduled maturities of securities at September 30, 2023, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to calls or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason, they are presented separately in the maturity table below: At September 30, 2023 (in thousands) Amortized Cost Fair Value Available for sale: Due in one year or less $ 51,091 $ 50,317 Due after one year through five years 2,842 2,776 Due after five years through 10 years 20,078 18,427 Over 10 years 6,637 6,065 Subtotal 80,648 77,585 Mortgage-backed securities 2,536 2,272 Total available for sale securities $ 83,184 $ 79,857 Held to maturity: Due in one year or less $ — $ — Due after one year through five years 2,253 2,029 Due after five years through 10 years 115,461 93,746 Over 10 years 202,990 138,996 Total held to maturity securities $ 320,704 $ 234,771 At September 30, 2023, $163.8 million of First Guaranty's securities were pledged to secure public funds deposits and borrowings. The pledged securities had a market value of $119.6 million as of September 30, 2023. Accrued interest receivable on First Guaranty's investment securities was $2.6 million and $2.0 million at September 30, 2023 and December 31, 2022, respectively, and was included in accrued interest receivable on the consolidated balance sheet. First Guaranty had a $0.1 million allowance for credit losses related to the held to maturity portfolio at September 30, 2023. The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at September 30, 2023. At September 30, 2023 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — 3 $ 49,414 $ (769) 3 $ 49,414 $ (769) Corporate debt securities — — — 16 15,192 (1,558) 16 15,192 (1,558) Municipal bonds 24 6,155 (135) 41 5,651 (611) 65 11,806 (746) Mortgage-backed securities — — — 5 2,272 (264) 5 2,272 (264) Total available for sale securities 24 $ 6,155 $ (135) 65 $ 72,529 $ (3,202) 89 $ 78,684 $ (3,337) Held to maturity: U.S. Government Agencies — $ — $ — 29 $ 188,614 $ (77,067) 29 $ 188,614 $ (77,067) Corporate debt securities — — — 58 46,157 (8,866) 58 46,157 (8,866) Total held to maturity securities — $ — $ — 87 $ 234,771 $ (85,933) 87 $ 234,771 $ (85,933) The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2022. At December 31, 2022 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — 6 $ 98,500 $ (2,142) 6 $ 98,500 $ (2,142) U.S. Government Agencies — — — — — — — — — Corporate debt securities 14 14,628 (622) 2 1,370 (130) 16 15,998 (752) Municipal bonds 46 5,854 (394) 6 673 (32) 52 6,527 (426) Mortgage-backed securities 3 2,608 (98) 4 5 — 7 2,613 (98) Total available for sale securities 63 $ 23,090 $ (1,114) 18 $ 100,548 $ (2,304) 81 $ 123,638 $ (3,418) Held to maturity: U.S. Government Agencies 13 $ 89,695 $ (21,724) 16 $ 105,834 $ (47,779) 29 $ 195,529 $ (69,503) Corporate debt securities 59 47,031 (8,005) — — — 59 47,031 (8,005) Total held to maturity securities 72 $ 136,726 $ (29,729) 16 $ 105,834 $ (47,779) 88 $ 242,560 $ (77,508) As of September 30, 2023, 176 of First Guaranty's debt securities had unrealized losses totaling 22.2% of the individual securities' amortized cost basis and 22.1% of First Guaranty's total amortized cost basis of the investment securities portfolio. 152 of the 176 securities had been in a continuous loss position for over 12 months at such date. The 152 securities had an aggregate amortized cost basis of $396.4 million and an unrealized loss of $89.1 million at September 30, 2023. Management has determined that the declines in the fair value of these securities was not attributed to credit losses, and no allowance for credit losses was recorded for available for sale securities at September 30, 2023. Securities are evaluated for impairment from credit losses at least quarterly and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (i) the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) the recovery of contractual principal and interest and (iv) the intent and ability of First Guaranty to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Investment securities issued by the U.S. Government and Government sponsored enterprises with unrealized losses and the amount of unrealized losses on those investment securities that are the result of changes in market interest rates will not be credit impaired. First Guaranty has the ability and intent to hold these securities until recovery, which may not be until maturity. Corporate debt securities in a loss position consist primarily of corporate bonds issued by businesses in the financial, insurance, utility, manufacturing, industrial, consumer products and oil and gas industries. There was one held to maturity corporate security with a credit related impairment loss at September 30, 2023. First Guaranty believes that the remaining issuers will be able to fulfill the obligations of these securities based on evaluations described above. First Guaranty has the ability and intent to hold these securities until they recover, which could be at their maturity dates. There was one charge-off, net of recovery, of $0.1 million recognized on a corporate security classed as held to maturity during the nine months ended September 30, 2023. There was a $0.1 million provision for credit losses recognized on securities during the nine months ended September 30, 2023. For securities that have indications of credit related impairment, management analyzes future expected cash flows to determine if any credit related impairment is evident. Estimated cash flows are determined using management's best estimate of future cash flows based on specific assumptions. The assumptions used to determine the cash flows were based on estimates of loss severity and credit default probabilities. Management reviews reports from credit rating agencies and public filings of issuers. At September 30, 2023, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: At September 30, 2023 (in thousands) Amortized Cost Fair Value U.S. Government Treasuries (U.S.) $ 50,183 $ 49,414 Federal Home Loan Bank (FHLB) 32,170 24,081 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 97,439 64,373 Federal Farm Credit Bank (FFCB) 138,606 102,430 Total $ 318,398 $ 240,298

Loans

Loans	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Loans	Loans The following table summarizes the components of First Guaranty's loan portfolio as of September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 342,246 12.6 % $ 233,091 9.2 % Farmland 31,361 1.1 % 24,823 1.0 % 1- 4 Family 419,045 15.5 % 366,330 14.5 % Multifamily 121,206 4.5 % 119,785 4.7 % Non-farm non-residential 1,052,750 38.9 % 992,929 39.3 % Total Real Estate 1,966,608 72.6 % 1,736,958 68.7 % Non-Real Estate: Agricultural 47,949 1.8 % 39,045 1.5 % Commercial and industrial (1) 354,836 13.1 % 385,279 15.3 % Commercial leases 292,208 10.8 % 317,574 12.6 % Consumer and other 46,068 1.7 % 47,864 1.9 % Total Non-Real Estate 741,061 27.4 % 789,762 31.3 % Total Loans Before Unearned Income 2,707,669 100.0 % 2,526,720 100.0 % Unearned income (8,276) (7,643) Total Loans Net of Unearned Income $ 2,699,393 $ 2,519,077 (1) Includes PPP loans fully guaranteed by the SBA of $3.1 million and $5.9 million at September 30, 2023 and December 31, 2022, respectively. Accrued interest receivable on First Guaranty's loans totaled $14.2 million and $11.0 million at September 30, 2023 and December 31, 2022, respectively, and is included in accrued interest receivable on the consolidated balance sheet. Accrued interest receivable is excluded from First Guaranty's estimate of the allowance for credit losses. The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of September 30, 2023 and December 31, 2022 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. September 30, 2023 December 31, 2022 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 276,228 $ 108,575 $ 384,803 $ 234,921 $ 137,203 $ 372,124 More than one to five years 834,137 321,496 1,155,633 900,960 339,894 1,240,854 More than five to 15 years 90,625 249,955 340,580 114,425 216,251 330,676 Over 15 years 300,164 500,934 801,098 261,209 308,291 569,500 Subtotal $ 1,501,154 $ 1,180,960 2,682,114 $ 1,511,515 $ 1,001,639 2,513,154 Nonaccrual loans 25,555 13,566 Total Loans Before Unearned Income 2,707,669 2,526,720 Unearned income (8,276) (7,643) Total Loans Net of Unearned Income $ 2,699,393 $ 2,519,077 Included in floating rate loans are loans that adjust to a floating rate following an initial fixed rate period. The initial fixed rate periods are typically one, three, or five years. The following tables present the age analysis of past due loans at September 30, 2023 and December 31, 2022: As of September 30, 2023 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 2,644 $ 846 $ 3,490 $ 338,756 $ 342,246 $ 182 Farmland 418 3,567 3,985 27,376 31,361 2,693 1- 4 family 2,933 7,420 10,353 408,692 419,045 594 Multifamily — 537 537 120,669 121,206 — Non-farm non-residential 1,096 9,359 10,455 1,042,295 1,052,750 955 Total Real Estate 7,091 21,729 28,820 1,937,788 1,966,608 4,424 Non-Real Estate: Agricultural 155 1,439 1,594 46,355 47,949 61 Commercial and industrial 5,073 6,486 11,559 343,277 354,836 3,659 Commercial leases — 1,799 1,799 290,409 292,208 — Consumer and other 1,374 2,246 3,620 42,448 46,068 — Total Non-Real Estate 6,602 11,970 18,572 722,489 741,061 3,720 Total Loans Before Unearned Income $ 13,693 $ 33,699 $ 47,392 $ 2,660,277 $ 2,707,669 $ 8,144 Unearned income (8,276) Total Loans Net of Unearned Income $ 2,699,393 As of December 31, 2022 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 1,029 $ 652 $ 1,681 $ 231,410 $ 233,091 $ 427 Farmland 357 290 647 24,176 24,823 — 1- 4 family 4,512 4,158 8,670 357,660 366,330 332 Multifamily 874 157 1,031 118,754 119,785 157 Non-farm non-residential 1,133 3,849 4,982 987,947 992,929 103 Total Real Estate 7,905 9,106 17,011 1,719,947 1,736,958 1,019 Non-Real Estate: Agricultural 120 1,622 1,742 37,303 39,045 — Commercial and industrial 1,369 942 2,311 382,968 385,279 123 Commercial leases — 1,799 1,799 315,775 317,574 — Consumer and other 1,997 1,239 3,236 44,628 47,864 — Total Non-Real Estate 3,486 5,602 9,088 780,674 789,762 123 Total Loans Before Unearned Income $ 11,391 $ 14,708 $ 26,099 $ 2,500,621 $ 2,526,720 $ 1,142 Unearned income (7,643) Total Loans Net of Unearned Income $ 2,519,077 The tables above include $25.6 million and $13.6 million of nonaccrual loans at September 30, 2023 and December 31, 2022, respectively. See the tables below for more detail on nonaccrual loans. The following is a summary of nonaccrual loans by class at the dates indicated: As of September 30, 2023 (in thousands) With Related Allowance Without Related Allowance Total Real Estate: Construction & land development $ 664 $ — $ 664 Farmland 517 357 874 1- 4 family 4,387 2,440 6,827 Multifamily — 537 537 Non-farm non-residential 8,403 — 8,403 Total Real Estate 13,971 3,334 17,305 Non-Real Estate: Agricultural 439 939 1,378 Commercial and industrial 2,807 20 2,827 Commercial leases — 1,799 1,799 Consumer and other 2,246 — 2,246 Total Non-Real Estate 5,492 2,758 8,250 Total Nonaccrual Loans $ 19,463 $ 6,092 $ 25,555 (in thousands) As of December 31, 2022 Real Estate: Construction & land development $ 225 Farmland 290 1- 4 family 3,826 Multifamily — Non-farm non-residential 3,746 Total Real Estate 8,087 Non-Real Estate: Agricultural 1,622 Commercial and industrial 819 Commercial leases 1,799 Consumer and other 1,239 Total Non-Real Estate 5,479 Total Nonaccrual Loans $ 13,566 The following table presents First Guaranty's loan portfolio by credit quality classification and origination year as of the date indicated: As of September 30, 2023 Term Loans by Origination Year (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Real Estate: Construction & land development: Pass $ 94,253 $ 120,755 $ 74,155 $ 3,426 $ 8,646 19,117 $ 15,216 $ 335,568 Special Mention 488 1,564 241 — 970 7 — 3,270 Substandard — 587 552 263 94 1,912 — 3,408 Doubtful — — — — — — — — Total Construction & land development 94,741 122,906 74,948 3,689 9,710 21,036 15,216 342,246 Current period gross charge-offs — — — — — — — — Farmland Pass 8,482 4,050 3,483 1,821 499 2,753 1,209 22,297 Special Mention — 201 — 564 — 369 — 1,134 Substandard — 248 1,382 4,020 115 754 1,411 7,930 Doubtful — — — — — — — — Total Farmland 8,482 4,499 4,865 6,405 614 3,876 2,620 31,361 Current period gross charge-offs — — — — — — — — 1- 4 family Pass 77,518 114,091 72,631 43,083 20,425 49,144 17,947 394,839 Special Mention 1,115 1,511 968 1,553 1,054 890 717 7,808 Substandard — 2,403 5,224 1,236 2,224 4,449 862 16,398 Doubtful — — — — — — — — Total 1- 4 family 78,633 118,005 78,823 45,872 23,703 54,483 19,526 419,045 Current period gross charge-offs — — — — — 101 — 101 Multifamily Pass 10,072 76,606 6,183 15,166 1,879 6,799 2,297 119,002 Special Mention — — — — — — — — Substandard — — — — — 2,204 — 2,204 Doubtful — — — — — — — — Total Multifamily 10,072 76,606 6,183 15,166 1,879 9,003 2,297 121,206 Current period gross charge-offs — — — — — — — — Non-farm non-residential Pass 146,365 248,193 113,614 89,749 89,734 264,840 34,830 987,325 Special Mention 712 1,417 — — — 14,214 706 17,049 Substandard 250 18,877 18,299 66 — 6,111 4,773 48,376 Doubtful — — — — — — — — Total non-farm non-residential 147,327 268,487 131,913 89,815 89,734 285,165 40,309 1,052,750 Current period gross charge-offs — — — 138 — — — 138 Total Real Estate 339,255 590,503 296,732 160,947 125,640 373,563 79,968 1,966,608 Non-Real Estate: Agricultural Pass 2,573 11,177 3,451 1,595 1,745 2,538 21,499 44,578 Special Mention — 49 154 — — — 24 227 Substandard — — 537 306 20 2,220 61 3,144 Doubtful — — — — — — — — Total Agricultural 2,573 11,226 4,142 1,901 1,765 4,758 21,584 47,949 Current period gross charge-offs — — — — — — — — Commercial and industrial Pass 22,505 30,328 60,749 54,893 6,815 28,839 137,583 341,712 Special Mention 95 129 2,120 254 — 1,037 3,353 6,988 Substandard — 629 308 1,023 27 3,924 225 6,136 Doubtful — — — — — — — — Total Commercial and industrial 22,600 31,086 63,177 56,170 6,842 33,800 141,161 354,836 Current period gross charge-offs — 5 — 69 — — — 74 Commercial leases Pass 56,229 132,196 75,680 7,025 5,268 8 — 276,406 Special Mention — 12,248 1,755 — — — — 14,003 Substandard — 1,799 — — — — — 1,799 Doubtful — — — — — — — — Total Commercial leases 56,229 146,243 77,435 7,025 5,268 8 — 292,208 Current period gross charge-offs — — — — — — — — Consumer and other loans Pass 9,560 10,115 7,383 6,634 797 7,568 65 42,122 Special Mention 44 232 398 136 41 29 — 880 Substandard 135 1,189 995 538 113 96 — 3,066 Doubtful — — — — — — — — Total Consumer and other loans 9,739 11,536 8,776 7,308 951 7,693 65 46,068 Current period gross charge-offs 337 580 544 236 9 26 — 1,732 Total Non-Real Estate 91,141 200,091 153,530 72,404 14,826 46,259 162,810 741,061 Total Loans Pass 427,557 747,511 417,329 223,392 135,808 381,606 230,646 2,563,849 Special Mention 2,454 17,351 5,636 2,507 2,065 16,546 4,800 51,359 Substandard 385 25,732 27,297 7,452 2,593 21,670 7,332 92,461 Doubtful — — — — — — — — Total Loans Before Unearned Income $ 430,396 $ 790,594 $ 450,262 $ 233,351 $ 140,466 $ 419,822 $ 242,778 $ 2,707,669 Unearned income (8,276) Total Loans Net of Unearned Income $ 2,699,393 Total Current Period Gross Charge-offs $ 337 $ 585 $ 544 $ 443 $ 9 $ 127 $ — $ 2,045 The following table identifies the credit exposure of the loan portfolio, including loans acquired with deteriorated credit quality, by specific credit ratings as of the date indicated: As of December 31, 2022 (in thousands) Pass Special Mention Substandard Doubtful Total Real Estate: Construction & land development $ 229,416 $ 2,846 $ 829 $ — $ 233,091 Farmland 19,722 35 5,066 — 24,823 1- 4 family 347,842 8,667 9,821 — 366,330 Multifamily 117,081 444 2,260 — 119,785 Non-farm non-residential 968,861 15,071 8,997 — 992,929 Total Real Estate 1,682,922 27,063 26,973 — 1,736,958 Non-Real Estate: Agricultural 34,827 198 4,020 — 39,045 Commercial and industrial 374,947 2,016 8,316 — 385,279 Commercial leases 315,775 — 1,799 — 317,574 Consumer and other 45,225 1,031 1,608 — 47,864 Total Non-Real Estate 770,774 3,245 15,743 — 789,762 Total Loans Before Unearned Income $ 2,453,696 $ 30,308 $ 42,716 $ — 2,526,720 Unearned income (7,643) Total Loans Net of Unearned Income $ 2,519,077 Purchased Credit Deteriorated Loans As part of the acquisition of Union Bancshares, Incorporated on November 7, 2019 and Premier Bancshares, Inc. on June 16, 2017, First Guaranty purchased credit deteriorated loans for which there was, at acquisition, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at December 31, 2022. (in thousands) As of December 31, 2022 Real Estate: Construction & land development $ 301 Farmland — 1- 4 family 1,311 Multifamily — Non-farm non-residential 1,904 Total Real Estate 3,516 Non-Real Estate: Agricultural — Commercial and industrial 742 Commercial leases — Consumer and other — Total Non-Real Estate 742 Total $ 4,258

Allowance for Credit Losses on

Allowance for Credit Losses on Loans	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Allowance for Credit Losses on Loans	Allowance for Credit Losses on Loans A summary of changes in the allowance for credit losses, by portfolio type, for the nine months ended September 30, 2023 and 2022 are as follows: For the Nine Months Ended September 30, 2023 (in thousands) Beginning Allowance (12/31/2022) ASC 326 Adoption Day 1 Adjustment Charge-offs Recoveries Provision Ending Allowance (9/30/2023) Real Estate: Construction & land development $ 1,232 $ 1,891 $ — $ 7 $ 485 $ 3,615 Farmland 83 (39) — — 16 60 1- 4 family 1,761 3,465 (101) 8 1,165 6,298 Multifamily 746 1,418 — — (21) 2,143 Non-farm non-residential 9,280 307 (138) 221 2,203 11,873 Total Real Estate 13,102 7,042 (239) 236 3,848 23,989 Non-Real Estate: Agricultural 240 (98) — 410 (423) 129 Commercial and industrial 2,194 2,971 (74) 181 (1,717) 3,555 Commercial leases 4,879 (162) — — (2,633) 2,084 Consumer and other 2,506 (1,042) (1,732) 338 1,416 1,486 Unallocated 597 (591) — — 687 693 Total Non-Real Estate 10,416 1,078 (1,806) 929 (2,670) 7,947 Total $ 23,518 $ 8,120 $ (2,045) $ 1,165 $ 1,178 $ 31,936 For the Nine Months Ended September 30, 2022 (in thousands) Beginning Allowance (12/31/2021) Charge-offs Recoveries Provision Ending Allowance (9/30/2022) Real Estate: Construction & land development $ 769 $ (66) $ 339 $ 145 $ 1,187 Farmland 478 — — (378) 100 1- 4 family 1,921 (94) 37 43 1,907 Multifamily 940 — 452 (291) 1,101 Non-farm non-residential 12,730 (598) 250 (2,719) 9,663 Total Real Estate 16,838 (758) 1,078 (3,200) 13,958 Non-Real Estate: Agricultural 183 (460) 133 401 257 Commercial and industrial 2,363 (437) 72 672 2,670 Commercial leases 2,486 (150) 3 458 2,797 Consumer and other 1,371 (3,274) 334 3,679 2,110 Unallocated 788 — — 888 1,676 Total Non-Real Estate 7,191 (4,321) 542 6,098 9,510 Total $ 24,029 $ (5,079) $ 1,620 $ 2,898 $ 23,468 Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the credit loss reserve from one category to another. A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of September 30, 2023 (in thousands) Allowance Allowance Total Allowance Loans Loans Total Loans Real Estate: Construction & land development $ — $ 3,615 $ 3,615 $ — $ 342,246 $ 342,246 Farmland — 60 60 3,187 28,174 31,361 1- 4 family 317 5,981 6,298 3,637 415,408 419,045 Multifamily — 2,143 2,143 537 120,669 121,206 Non-farm non-residential 2,902 8,971 11,873 45,158 1,007,592 1,052,750 Total Real Estate 3,219 20,770 23,989 52,519 1,914,089 1,966,608 Non-Real Estate: Agricultural — 129 129 1,480 46,469 47,949 Commercial and industrial 548 3,007 3,555 1,712 353,124 354,836 Commercial leases — 2,084 2,084 1,799 290,409 292,208 Consumer and other — 1,486 1,486 — 46,068 46,068 Unallocated — 693 693 — — — Total Non-Real Estate 548 7,399 7,947 4,991 736,070 741,061 Total $ 3,767 $ 28,169 $ 31,936 $ 57,510 $ 2,650,159 2,707,669 Unearned Income (8,276) Total Loans Net of Unearned Income $ 2,699,393 All loans individually evaluated for impairment as of September 30, 2023 were considered collateral dependent loans. As of December 31, 2022 (in thousands) Allowance Allowance Individually Evaluated for Purchased Credit-Impairment Allowance Total Allowance Loans Loans Individually Evaluated for Purchased Credit-Impairment Loans Total Loans Real Estate: Construction & land development $ — $ — $ 1,232 $ 1,232 $ 68 $ 301 $ 232,722 $ 233,091 Farmland — — 83 83 4,240 — 20,583 24,823 1- 4 family — — 1,761 1,761 949 1,311 364,070 366,330 Multifamily — — 746 746 — — 119,785 119,785 Non-farm non-residential 666 512 8,102 9,280 4,095 1,904 986,930 992,929 Total Real Estate 666 512 11,924 13,102 9,352 3,516 1,724,090 1,736,958 Non-Real Estate: Agricultural — — 240 240 2,366 — 36,679 39,045 Commercial and industrial 412 212 1,570 2,194 5,919 742 378,618 385,279 Commercial leases 1,799 — 3,080 4,879 1,799 — 315,775 317,574 Consumer and other — — 2,506 2,506 — — 47,864 47,864 Unallocated — — 597 597 — — — — Total Non-Real Estate 2,211 212 7,993 10,416 10,084 742 778,936 789,762 Total $ 2,877 $ 724 $ 19,917 $ 23,518 $ 19,436 $ 4,258 $ 2,503,026 2,526,720 Unearned Income (7,643) Total loans net of unearned income $ 2,519,077 A loan is considered impaired when, based on current information and events, it is probable that First Guaranty will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Payment status, collateral value and the probability of collecting scheduled principal and interest payments when due are considered in evaluating loan impairment. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class as of the date indicated: As of December 31, 2022 (in thousands) Recorded Unpaid Related Average Interest Income Impaired Loans with no related allowance: Real Estate: Construction & land development $ 68 $ 68 $ — $ 68 $ — Farmland 4,240 4,240 — 4,242 51 1- 4 family 949 949 — 949 5 Multifamily — — — — — Non-farm non-residential 1,814 1,814 — 1,817 56 Total Real Estate 7,071 7,071 — 7,076 112 Non-Real Estate: Agricultural 2,366 2,521 — 2,366 7 Commercial and industrial 4,871 4,988 — 4,988 33 Commercial leases — — — — — Consumer and other — — — — — Total Non-Real Estate 7,237 7,509 — 7,354 40 Total Impaired Loans with no related allowance 14,308 14,580 — 14,430 152 Impaired Loans with an allowance recorded: Real Estate: Construction & land development — — — — — Farmland — — — — — 1- 4 family — — — — — Multifamily — — — — — Non-farm non-residential 2,281 2,855 666 2,279 5 Total Real Estate 2,281 2,855 666 2,279 5 Non-Real Estate: Agricultural — — — — — Commercial and industrial 1,048 1,048 412 1,112 35 Commercial leases 1,799 1,812 1,799 1,817 27 Consumer and other — — — — — Total Non-Real Estate 2,847 2,860 2,211 2,929 62 Total Impaired Loans with an allowance recorded 5,128 5,715 2,877 5,208 67 Total Impaired Loans $ 19,436 $ 20,295 $ 2,877 $ 19,638 $ 219

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and intangible assets deemed to have indefinite lives are no longer amortized but are subject to impairment testing. Other intangible assets continue to be amortized over their useful lives. First Guaranty's goodwill is the difference in purchase price over the fair value of net assets acquired from its acquisition of Homestead Bancorp in 2007, Premier Bancshares, Inc. in 2017 and Union Bancshares, Incorporated in 2019. Goodwill totaled $12.9 million at September 30, 2023 and December 31, 2022. No impairment charges have been recognized on First Guaranty's intangible assets since acquisition. Loan servicing assets totaled $0.5 million at September 30, 2023 and December 31, 2022. Other intangible assets recorded include core deposit intangibles, which are subject to amortization. The weighted-average amortization period remaining for First Guaranty's core deposit intangibles is 5.5 years at September 30, 2023. The core deposits intangible reflect the value of deposit relationships, including the beneficial rates, which arose from acquisitions.

Other Real Estate (ORE)

Other Real Estate (ORE)	9 Months Ended
	Sep. 30, 2023
Real Estate [Abstract]
Other Real Estate (ORE)	Other Real Estate (ORE) Other real estate owned consists of the following at the dates indicated: (in thousands) September 30, 2023 December 31, 2022 Real Estate Owned Acquired by Foreclosure: Residential $ 194 $ 113 Construction & land development 251 — Non-farm non-residential 690 — Total Other Real Estate Owned and Foreclosed Property 1,135 113 Allowance — — Net Other Real Estate Owned and Foreclosed Property $ 1,135 $ 113

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-balance sheet commitments First Guaranty is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit and standby and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of the involvement in particular classes of financial instruments. The exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and commercial letters of credit is represented by the contractual notional amount of those instruments. The same credit policies are used in making commitments and conditional obligations as it does for balance sheet instruments. Unless otherwise noted, collateral or other security is not required to support financial instruments with credit risk. Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at September 30, 2023 and December 31, 2022: Contract Amount (in thousands) September 30, 2023 December 31, 2022 Commitments to Extend Credit $ 378,250 $ 246,968 Unfunded Commitments under lines of credit $ 227,279 $ 253,906 Commercial and Standby letters of credit $ 14,170 $ 14,222 Allowance For Credit Losses - Off- Balance-Sheet Credit Exposures The provision for credit losses on unfunded commitments was $0.1 million and $0.2 million for the three and nine months ended September 30, 2023. The ACL on off-balance-sheet credit exposures total $2.9 million at January 1, 2023 upon the adoption of ASC 326, and $3.1 million at September 30, 2023 and is included in other liabilities on the accompanying consolidated balance sheets. Litigation First Guaranty is subject to various legal proceedings in the normal course of its business. First Guaranty assesses its liabilities and contingencies in connection with outstanding legal proceedings. Where it is probable that First Guaranty will incur a loss and the amount of the loss can be reasonably estimated, First Guaranty records a liability in its consolidated financial statements. First Guaranty does not record a loss if the loss is not probable or the amount of the loss is not estimable. First Guaranty Bank is a defendant in a lawsuit alleging fault for a loss of funds by a customer related to fraud by a third party with a possible loss range of $0.0 million to $1.5 million. The Bank denies the allegations and intends to vigorously defend against this lawsuit, which is in early stages and no trial date has been set. No accrued liability has been recorded related to this lawsuit. First Guaranty settled a case in the third quarter of 2021 for $1.1 million. A receivable for $0.9 million has been recorded for recovery by a claim against First Guaranty's insurer. In the opinion of management, neither First Guaranty nor First Guaranty Bank is currently involved in such legal proceedings, either individually or in the aggregate, that the resolution is expected to have a material adverse effect on First Guaranty’s consolidated results of operations, financial condition, or cash flows. However, one or more unfavorable outcomes in these ordinary claims or litigation against First Guaranty or First Guaranty Bank could have a material adverse effect for the period in which they are resolved. In addition, regardless of their merits or ultimate outcomes, such matters are costly, divert management’s attention, and may materially and adversely affect the reputation of First Guaranty and First Guaranty Bank, even if resolved favorably.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques use certain inputs to arrive at fair value. Inputs to valuation techniques are the assumptions that market participants would use in pricing the asset or liability. They may be observable or unobservable. First Guaranty uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds or credit risks) or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity's own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value follows, as well as the classification of such instruments within the valuation hierarchy. Securities available for sale. Securities are classified within Level 1 where quoted market prices are available in an active market. Inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are unavailable, fair value is estimated using quoted prices of securities with similar characteristics, at which point the securities would be classified within Level 2 of the hierarchy. Securities classified within Level 3 in First Guaranty's portfolio as of September 30, 2023 includes corporate debt and municipal securities. Impaired loans. Loans are measured for impairment using the methods permitted by ASC Topic 310. Fair value of impaired loans is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Other real estate owned. Properties are recorded at the balance of the loan or at estimated fair value less estimated selling costs, whichever is less, at the date acquired. Fair values of other real estate owned ("OREO") are determined by sales agreement or appraisal, and costs to sell are based on estimation per the terms and conditions of the sales agreement or amounts commonly used in real estate transactions. Inputs include appraisal values or recent sales activity for similar assets in the property's market; thus, OREO measured at fair value would be classified within either Level 2 or Level 3 of the hierarchy. Certain non-financial assets and non-financial liabilities are measured at fair value on a non-recurring basis including assets and liabilities related to reporting units measured at fair value in the testing of goodwill impairment, as well as intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. The following table summarizes financial assets measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) September 30, 2023 December 31, 2022 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ 49,414 $ 98,466 Level 2: Significant Other Observable Inputs 20,112 21,890 Level 3: Significant Unobservable Inputs 10,331 11,102 Securities available for sale measured at fair value $ 79,857 $ 131,458 First Guaranty's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While the methodologies used are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value. The change in Level 1 securities available for sale from December 31, 2022 to September 30, 2023 was due to a net decrease in Treasury bills of $49.1 million. There were no transfers between Level 2 and Level 3 from December 31, 2022 to September 30, 2023. There were no transfers between Level 1 and 2 securities available for sale from December 31, 2022 to September 30, 2023. The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3) : Level 3 Changes (in thousands) September 30, 2023 Balance, beginning of year $ 11,102 Total gains or losses (realized/unrealized): Included in earnings — Included in other comprehensive income (282) Purchases, sales, issuances and settlements, net (489) Transfers in and/or out of Level 3 — Balance as of end of period $ 10,331 There were no gains or losses for the period included in earnings attributable to the change in unrealized gains or losses related to assets still held as of September 30, 2023. The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of September 30, 2023 and December 31, 2022, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At September 30, 2023 At December 31, 2022 Impaired Loans - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs — — Level 3: Significant Unobservable Inputs 6,650 2,251 Impaired loans measured at fair value $ 6,650 $ 2,251 Other Real Estate Owned - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs 1,135 — Level 3: Significant Unobservable Inputs — 113 Other real estate owned measured at fair value $ 1,135 $ 113 ASC 825-10 provides First Guaranty with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits First Guaranty to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. First Guaranty has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments Fair value estimates are generally subjective in nature and are dependent upon a number of significant assumptions associated with each instrument or group of similar instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows and relevant available market information. Fair value information is intended to represent an estimate of an amount at which a financial instrument could be exchanged in a current transaction between a willing buyer and seller engaging in an exchange transaction. However, since there are no established trading markets for a significant portion of First Guaranty's financial instruments, First Guaranty may not be able to immediately settle financial instruments; as such, the fair values are not necessarily indicative of the amounts that could be realized through immediate settlement. In addition, the majority of the financial instruments, such as loans and deposits, are held to maturity and are realized or paid according to the contractual agreement with the customer. Quoted market prices are used to estimate fair values when available. However, due to the nature of the financial instruments, in many instances quoted market prices are not available. Accordingly, estimated fair values have been estimated based on other valuation techniques, such as discounting estimated future cash flows using a rate commensurate with the risks involved or other acceptable methods. Fair values are estimated without regard to any premium or discount that may result from concentrations of ownership of financial instruments, possible income tax ramifications or estimated transaction costs. The fair value estimates are subjective in nature and involve matters of significant judgment and, therefore, cannot be determined with precision. Fair values are also estimated at a specific point in time and are based on interest rates and other assumptions at that date. As events change the assumptions underlying these estimates, the fair values of financial instruments will change. Disclosure of fair values is not required for certain items such as lease financing, investments accounted for under the equity method of accounting, obligations of pension and other postretirement benefits, premises and equipment, other real estate, prepaid expenses, the value of long-term relationships with depositors (core deposit intangibles) and other customer relationships, other intangible assets and income tax assets and liabilities. Fair value estimates are presented for existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the realization of the unrealized gains and losses have not been considered in the estimates. Accordingly, the aggregate fair value amounts presented do not purport to represent and should not be considered representative of the underlying market or franchise value of First Guaranty. Because the standard permits many alternative calculation techniques and because numerous assumptions have been used to estimate the fair values, reasonable comparison of the fair value information with other financial institutions' fair value information cannot necessarily be made. The methods and assumptions used to estimate the fair values of financial instruments are as follows: Cash and due from banks, interest-bearing deposits with banks, federal funds sold and federal funds purchased. These items are generally short-term and the carrying amounts reported in the consolidated balance sheets are a reasonable estimation of the fair values. Investment Securities. Fair values are principally based on quoted market prices. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments or the use of discounted cash flow analyses. Loans Held for Sale. Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices. These loans are classified within level 3 of the fair value hierarchy. Loans, net. Market values are computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. These loans are classified within level 3 of the fair value hierarchy. Impaired loans. Fair value of impaired loans is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Cash Surrender of BOLI. The cash surrender value of BOLI approximates fair value. Accrued interest receivable. The carrying amount of accrued interest receivable approximates its fair value. Deposits. The fair value of customer deposits, excluding certificates of deposit, is the amount payable on demand. Market values of certificates of deposit are actually computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Deposits are classified within level 3 of the fair value hierarchy. Accrued interest payable. The carrying amount of accrued interest payable approximates its fair value. Borrowings. The carrying amount of federal funds purchased and other short-term borrowings approximate their fair values. The fair value of First Guaranty's long-term borrowings is computed using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Borrowings are classified within level 3 of the fair value hierarchy. Other Unrecognized Financial Instruments. The fair value of commitments to extend credit is estimated using the fees charged to enter into similar legally binding agreements, taking into account the remaining terms of the agreements and customers' credit ratings. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit are based on fees charged for similar agreements or on estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. At September 30, 2023 and December 31, 2022, the fair value of guarantees under commercial and standby letters of credit was not material. The carrying amounts and estimated fair values of financial instruments at September 30, 2023 were as follows: Fair Value Measurements at September 30, 2023 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 200,825 $ 200,825 $ — $ — $ 200,825 Federal funds sold 450 450 — — 450 Securities, available for sale 79,857 49,414 20,112 10,331 79,857 Securities, held for maturity 320,624 — 234,771 — 234,771 Loans held for sale — — — — — Loans, net 2,667,457 — — 2,514,556 2,514,556 Cash surrender value of BOLI 5,823 — — 5,823 5,823 Accrued interest receivable 16,728 — — 16,728 16,728 Liabilities Deposits $ 2,815,009 $ — $ — $ 2,807,472 2,807,472 Short-term advances from Federal Home Loan Bank 125,000 125,000 125,000 Short-term borrowings 20,000 — — 20,000 20,000 Repurchase agreements 7,659 — — 7,660 7,660 Accrued interest payable 10,780 — — 10,780 10,780 Long-term advances from Federal Home Loan Bank 155,000 — — 152,143 152,143 Senior long-term debt 20,306 — — 20,312 20,312 Junior subordinated debentures 15,000 — — 15,000 15,000 The carrying amounts and estimated fair values of financial instruments at December 31, 2022 were as follows: Fair Value Measurements at December 31, 2022 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 82,796 $ 82,796 $ — $ — $ 82,796 Federal funds sold 423 423 — — 423 Securities, available for sale 131,458 98,466 21,890 11,102 131,458 Securities, held for maturity 320,068 — 242,560 — 242,560 Loans, net 2,495,559 — — 2,404,402 2,404,402 Cash surrender value of BOLI 5,712 — — 5,712 5,712 Accrued interest receivable 13,002 — — 13,002 13,002 Liabilities Deposits $ 2,723,792 $ — $ — $ 2,717,471 2,717,471 Short-term advances from Federal Home Loan Bank 120,000 — — 120,000 120,000 Short-term borrowings 20,000 — — 20,000 20,000 Repurchase agreements 6,442 — — 6,509 6,509 Accrued interest payable 4,289 — — 4,289 4,289 Long-term advances from Federal Home Loan Bank — — — — — Senior long-term debt 21,927 — — 21,938 21,938 Junior subordinated debentures 15,000 — — 15,000 15,000 There is no material difference between the contract amount and the estimated fair value of off-balance sheet items that are primarily comprised of short-term unfunded loan commitments that are generally at market prices.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles. The consolidated financial statements and the footnotes of First Guaranty Bancshares, Inc. ("First Guaranty") thereto should be read in conjunction with the audited consolidated financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty's Annual Report on Form 10-K for the year ended December 31, 2022. The consolidated financial statements include the accounts of First Guaranty Bancshares, Inc. and its wholly owned subsidiary First Guaranty Bank (the "Bank"). All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary for a fair presentation of the consolidated financial statements. Those adjustments are of a normal recurring nature. The results of operations at September 30, 2023 and for the three and nine month periods ended September 30, 2023 and 2022 are not necessarily indicative of the results expected for the full year or any other interim period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near-term relate to the determination of the allowance for credit losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and the valuation of investment securities.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted in 2023 First Guaranty adopted FASB ASC Topic 326 “ Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments ” Update No. 2016-13 ( “ ASU 2016-13 ” ). ASU 2016-13 on January 1, 2023. ASU 2016-13, referred to as the Current Expected Credit Loss (“CECL”) standard, requires financial assets measured on an amortized cost basis, including loans and held-to-maturity debt securities, to be presented at an amount net of an allowance for credit losses, which reflects expected losses for the full life of the financial asset. Unfunded lending commitments are also within the scope of this topic. Under prior GAAP losses were not recognized until the occurrence of the loss was probable. CECL requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. The CECL methodology requires that lifetime expected credit losses be recorded at the time the financial asset is originated or acquired, and be adjusted each period as a provision for credit losses for changes in expected lifetime credit losses. ASU 2016-13 does not specify the method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the lifetime credit loss estimate. First Guaranty developed a CECL model methodology that calculates expected credit losses over the life of the portfolio by analyzing the composition, characteristics and quality of the loan and securities portfolios, as well as prevailing economic conditions and forecasts. First Guaranty’s CECL calculation estimates loan losses using a combination of discounted cash flow and remaining life analyses. First Guaranty adopted ASU 2016 - 13 using the modified retrospective approach for all loans and off-balance sheet credit exposures measured at amortized cost, other than purchased credit deteriorated (“PCD”) financial assets. Results for reporting periods beginning after December 31, 2022 are presented in accordance with A SU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. ASU 2016-13 also amended the accounting model for purchased financial assets and replaced the guidance for purchased credit impaired (“PCI”) financial assets with the concept of PCDs. For PCD assets, the CECL estimate is recognized through the allowance for credit losses with an offset to the amortized cost basis of the PCD asset at the date of acquisition. Subsequent changes in the allowance for credit losses for PCD assets are recognized through a provision for credit losses on loans. First Guaranty used the prospective transition approach for PCD loans that were previously classified as PCI and accounted for under ASC 310 - 30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality” (“ASC 310 - 30” ). First Guaranty determined that certain PCI assets no longer met meet the criteria of PCD assets as of the date of adoption. First Guaranty adopted ASU 2016-13 on January 1, 2023, and recorded a one-time, cumulative effect adjustment as shown in the table below (dollars in thousands). December 31, 2022 Impact of ASU 2016-13 Adoption January 1, 2023 Assets: Allowance for credit losses $ (23,518) $ (8,220) $ (31,738) Deferred tax asset 6,420 2,100 8,520 Remaining purchase discount on loans (1,120) 1,120 — Liabilities: Reserve for unfunded loan commitments — (2,900) (2,900) Shareholders' Equity: Retained earnings 76,351 (7,900) 68,451 In addition, ASU 2016-13 amends the accounting for credit losses on available for sale (“AFS”) securities, requiring expected credit losses on AFS securities to be recorded in an allowance for credit losses rather than as a write-down of the securities’ amortized cost. Declines in the fair value of AFS securities that are not considered credit related are recognized in accumulated other comprehensive income. In addition, expected credit losses on held to maturity (“HTM”) securities are required to be recorded in an allowance for credit losses rather than as a write-down of the securities’ amortized cost basis. First Guaranty’s AFS securities portfolio was not materially impacted by the adoption of ASC 326. A $100,000 allowance for HTM securities was recorded at the adoption of ASC 326. The allowance for credit losses is measured on a pool basis when similar risk characteristics exist and is maintained at an amount which management believes is a current estimate of the expected credit losses for the full life of the relevant pool of loans and related unfunded lending commitments. For modeling purposes, loan pools include: Real Estate based pools for construction and land development, farmland, 1-4 family residential, multifamily, and non-farm non-residential and non-real-estate pools for agricultural, commercial and industrial, commercial leases and consumer and other. Management periodically reassesses each pool to confirm the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary. The loss rates computed for each pool and expected pool-level funding rates are applied to the related unfunded lending commitments to calculate an allowance for credit losses. Loans that do not share similar risk characteristics with other loans are excluded from the loan pools and individually evaluated for impairment. Individually evaluated loans are loans for which it is probable that all the amounts due under the contractual terms of the loan will not be collected. FASB ASC Topic 326 “Financial Instruments – Credit Losses, Troubled Debt Restructurings and Vintage Disclosures” Update No. 2022-02 (“ASU 2022-02”). ASU 2022-02 became effective for First Guaranty on January 1, 2023 and is applied prospectively. ASU 2022-02 amends Topic 326 to eliminate the accounting guidance for troubled debt restructurings (“TDRs”) by creditors that have adopted ASU 2016-13 and, instead, requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendment also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases. The adoption of ASU 2022-02 did not have a material impact on First Guaranty’s consolidated financial statements. Accounting Pronouncements Not Yet Adopted None.
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques use certain inputs to arrive at fair value. Inputs to valuation techniques are the assumptions that market participants would use in pricing the asset or liability. They may be observable or unobservable. First Guaranty uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds or credit risks) or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity's own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value follows, as well as the classification of such instruments within the valuation hierarchy. Securities available for sale. Securities are classified within Level 1 where quoted market prices are available in an active market. Inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are unavailable, fair value is estimated using quoted prices of securities with similar characteristics, at which point the securities would be classified within Level 2 of the hierarchy. Securities classified within Level 3 in First Guaranty's portfolio as of September 30, 2023 includes corporate debt and municipal securities. Impaired loans. Loans are measured for impairment using the methods permitted by ASC Topic 310. Fair value of impaired loans is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Other real estate owned. Properties are recorded at the balance of the loan or at estimated fair value less estimated selling costs, whichever is less, at the date acquired. Fair values of other real estate owned ("OREO") are determined by sales agreement or appraisal, and costs to sell are based on estimation per the terms and conditions of the sales agreement or amounts commonly used in real estate transactions. Inputs include appraisal values or recent sales activity for similar assets in the property's market; thus, OREO measured at fair value would be classified within either Level 2 or Level 3 of the hierarchy. Certain non-financial assets and non-financial liabilities are measured at fair value on a non-recurring basis including assets and liabilities related to reporting units measured at fair value in the testing of goodwill impairment, as well as intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. ASC 825-10 provides First Guaranty with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits First Guaranty to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. First Guaranty has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Accounting Standards Update and Change in Accounting Principle	First Guaranty adopted ASU 2016-13 on January 1, 2023, and recorded a one-time, cumulative effect adjustment as shown in the table below (dollars in thousands). December 31, 2022 Impact of ASU 2016-13 Adoption January 1, 2023 Assets: Allowance for credit losses $ (23,518) $ (8,220) $ (31,738) Deferred tax asset 6,420 2,100 8,520 Remaining purchase discount on loans (1,120) 1,120 — Liabilities: Reserve for unfunded loan commitments — (2,900) (2,900) Shareholders' Equity: Retained earnings 76,351 (7,900) 68,451

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Comparison of Securities by Type	A summary comparison of securities by type at September 30, 2023 and December 31, 2022 is shown below. September 30, 2023 December 31, 2022 (in thousands) Amortized Cost Gross Gross Fair Value Amortized Cost Gross Unrealized Gains Gross Fair Value Available for sale: U.S. Treasuries $ 50,183 $ — $ (769) $ 49,414 $ 100,642 $ — $ (2,142) $ 98,500 U.S. Government Agencies — — — — — — — — Corporate debt securities 16,750 — (1,558) 15,192 16,750 — (752) 15,998 Municipal bonds 13,715 10 (746) 12,979 14,742 31 (426) 14,347 Mortgage-backed securities 2,536 — (264) 2,272 2,711 — (98) 2,613 Total available for sale securities $ 83,184 $ 10 $ (3,337) $ 79,857 $ 134,845 $ 31 $ (3,418) $ 131,458 Held to maturity: U.S. Government Agencies $ 265,680 $ — $ (77,067) $ 188,613 $ 265,032 $ — $ (69,503) $ 195,529 Corporate debt securities 55,024 — (8,866) 46,158 55,036 — (8,005) 47,031 Total held to maturity securities $ 320,704 $ — $ (85,933) $ 234,771 $ 320,068 $ — $ (77,508) $ 242,560
Schedule of Investments Classified by Contractual Maturity Date	For this reason, they are presented separately in the maturity table below: At September 30, 2023 (in thousands) Amortized Cost Fair Value Available for sale: Due in one year or less $ 51,091 $ 50,317 Due after one year through five years 2,842 2,776 Due after five years through 10 years 20,078 18,427 Over 10 years 6,637 6,065 Subtotal 80,648 77,585 Mortgage-backed securities 2,536 2,272 Total available for sale securities $ 83,184 $ 79,857 Held to maturity: Due in one year or less $ — $ — Due after one year through five years 2,253 2,029 Due after five years through 10 years 115,461 93,746 Over 10 years 202,990 138,996 Total held to maturity securities $ 320,704 $ 234,771
Schedule of Unrealized Loss on Investments	The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at September 30, 2023. At September 30, 2023 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — 3 $ 49,414 $ (769) 3 $ 49,414 $ (769) Corporate debt securities — — — 16 15,192 (1,558) 16 15,192 (1,558) Municipal bonds 24 6,155 (135) 41 5,651 (611) 65 11,806 (746) Mortgage-backed securities — — — 5 2,272 (264) 5 2,272 (264) Total available for sale securities 24 $ 6,155 $ (135) 65 $ 72,529 $ (3,202) 89 $ 78,684 $ (3,337) Held to maturity: U.S. Government Agencies — $ — $ — 29 $ 188,614 $ (77,067) 29 $ 188,614 $ (77,067) Corporate debt securities — — — 58 46,157 (8,866) 58 46,157 (8,866) Total held to maturity securities — $ — $ — 87 $ 234,771 $ (85,933) 87 $ 234,771 $ (85,933) The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2022. At December 31, 2022 Less Than 12 Months 12 Months or More Total (in thousands) Number Fair Value Gross Number Fair Value Gross Number Fair Value Gross Available for sale: U.S. Treasuries — $ — $ — 6 $ 98,500 $ (2,142) 6 $ 98,500 $ (2,142) U.S. Government Agencies — — — — — — — — — Corporate debt securities 14 14,628 (622) 2 1,370 (130) 16 15,998 (752) Municipal bonds 46 5,854 (394) 6 673 (32) 52 6,527 (426) Mortgage-backed securities 3 2,608 (98) 4 5 — 7 2,613 (98) Total available for sale securities 63 $ 23,090 $ (1,114) 18 $ 100,548 $ (2,304) 81 $ 123,638 $ (3,418) Held to maturity: U.S. Government Agencies 13 $ 89,695 $ (21,724) 16 $ 105,834 $ (47,779) 29 $ 195,529 $ (69,503) Corporate debt securities 59 47,031 (8,005) — — — 59 47,031 (8,005) Total held to maturity securities 72 $ 136,726 $ (29,729) 16 $ 105,834 $ (47,779) 88 $ 242,560 $ (77,508)
Schedule of Exposure to Investment Securities Issuers that Exceeded 10% of Shareholders' Equity	At September 30, 2023, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: At September 30, 2023 (in thousands) Amortized Cost Fair Value U.S. Government Treasuries (U.S.) $ 50,183 $ 49,414 Federal Home Loan Bank (FHLB) 32,170 24,081 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 97,439 64,373 Federal Farm Credit Bank (FFCB) 138,606 102,430 Total $ 318,398 $ 240,298

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Components of Loan Portfolio	The following table summarizes the components of First Guaranty's loan portfolio as of September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 342,246 12.6 % $ 233,091 9.2 % Farmland 31,361 1.1 % 24,823 1.0 % 1- 4 Family 419,045 15.5 % 366,330 14.5 % Multifamily 121,206 4.5 % 119,785 4.7 % Non-farm non-residential 1,052,750 38.9 % 992,929 39.3 % Total Real Estate 1,966,608 72.6 % 1,736,958 68.7 % Non-Real Estate: Agricultural 47,949 1.8 % 39,045 1.5 % Commercial and industrial (1) 354,836 13.1 % 385,279 15.3 % Commercial leases 292,208 10.8 % 317,574 12.6 % Consumer and other 46,068 1.7 % 47,864 1.9 % Total Non-Real Estate 741,061 27.4 % 789,762 31.3 % Total Loans Before Unearned Income 2,707,669 100.0 % 2,526,720 100.0 % Unearned income (8,276) (7,643) Total Loans Net of Unearned Income $ 2,699,393 $ 2,519,077 (1) Includes PPP loans fully guaranteed by the SBA of $3.1 million and $5.9 million at September 30, 2023 and December 31, 2022, respectively.
Schedule of Fixed and Floating Rate Loans by Contractual Maturity, Excluding Nonaccrual Loans	The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of September 30, 2023 and December 31, 2022 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. September 30, 2023 December 31, 2022 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 276,228 $ 108,575 $ 384,803 $ 234,921 $ 137,203 $ 372,124 More than one to five years 834,137 321,496 1,155,633 900,960 339,894 1,240,854 More than five to 15 years 90,625 249,955 340,580 114,425 216,251 330,676 Over 15 years 300,164 500,934 801,098 261,209 308,291 569,500 Subtotal $ 1,501,154 $ 1,180,960 2,682,114 $ 1,511,515 $ 1,001,639 2,513,154 Nonaccrual loans 25,555 13,566 Total Loans Before Unearned Income 2,707,669 2,526,720 Unearned income (8,276) (7,643) Total Loans Net of Unearned Income $ 2,699,393 $ 2,519,077
Schedule of Past due Financing Receivables	The following tables present the age analysis of past due loans at September 30, 2023 and December 31, 2022: As of September 30, 2023 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 2,644 $ 846 $ 3,490 $ 338,756 $ 342,246 $ 182 Farmland 418 3,567 3,985 27,376 31,361 2,693 1- 4 family 2,933 7,420 10,353 408,692 419,045 594 Multifamily — 537 537 120,669 121,206 — Non-farm non-residential 1,096 9,359 10,455 1,042,295 1,052,750 955 Total Real Estate 7,091 21,729 28,820 1,937,788 1,966,608 4,424 Non-Real Estate: Agricultural 155 1,439 1,594 46,355 47,949 61 Commercial and industrial 5,073 6,486 11,559 343,277 354,836 3,659 Commercial leases — 1,799 1,799 290,409 292,208 — Consumer and other 1,374 2,246 3,620 42,448 46,068 — Total Non-Real Estate 6,602 11,970 18,572 722,489 741,061 3,720 Total Loans Before Unearned Income $ 13,693 $ 33,699 $ 47,392 $ 2,660,277 $ 2,707,669 $ 8,144 Unearned income (8,276) Total Loans Net of Unearned Income $ 2,699,393 As of December 31, 2022 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment Real Estate: Construction & land development $ 1,029 $ 652 $ 1,681 $ 231,410 $ 233,091 $ 427 Farmland 357 290 647 24,176 24,823 — 1- 4 family 4,512 4,158 8,670 357,660 366,330 332 Multifamily 874 157 1,031 118,754 119,785 157 Non-farm non-residential 1,133 3,849 4,982 987,947 992,929 103 Total Real Estate 7,905 9,106 17,011 1,719,947 1,736,958 1,019 Non-Real Estate: Agricultural 120 1,622 1,742 37,303 39,045 — Commercial and industrial 1,369 942 2,311 382,968 385,279 123 Commercial leases — 1,799 1,799 315,775 317,574 — Consumer and other 1,997 1,239 3,236 44,628 47,864 — Total Non-Real Estate 3,486 5,602 9,088 780,674 789,762 123 Total Loans Before Unearned Income $ 11,391 $ 14,708 $ 26,099 $ 2,500,621 $ 2,526,720 $ 1,142 Unearned income (7,643) Total Loans Net of Unearned Income $ 2,519,077
Schedule of Nonaccrual Loans by Class	The following is a summary of nonaccrual loans by class at the dates indicated: As of September 30, 2023 (in thousands) With Related Allowance Without Related Allowance Total Real Estate: Construction & land development $ 664 $ — $ 664 Farmland 517 357 874 1- 4 family 4,387 2,440 6,827 Multifamily — 537 537 Non-farm non-residential 8,403 — 8,403 Total Real Estate 13,971 3,334 17,305 Non-Real Estate: Agricultural 439 939 1,378 Commercial and industrial 2,807 20 2,827 Commercial leases — 1,799 1,799 Consumer and other 2,246 — 2,246 Total Non-Real Estate 5,492 2,758 8,250 Total Nonaccrual Loans $ 19,463 $ 6,092 $ 25,555 (in thousands) As of December 31, 2022 Real Estate: Construction & land development $ 225 Farmland 290 1- 4 family 3,826 Multifamily — Non-farm non-residential 3,746 Total Real Estate 8,087 Non-Real Estate: Agricultural 1,622 Commercial and industrial 819 Commercial leases 1,799 Consumer and other 1,239 Total Non-Real Estate 5,479 Total Nonaccrual Loans $ 13,566
Schedule of Credit Exposure of Loan Portfolio, Including Loans Acquired with Deteriorated Credit Quality, by Specific Credit Ratings	The following table presents First Guaranty's loan portfolio by credit quality classification and origination year as of the date indicated: As of September 30, 2023 Term Loans by Origination Year (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Real Estate: Construction & land development: Pass $ 94,253 $ 120,755 $ 74,155 $ 3,426 $ 8,646 19,117 $ 15,216 $ 335,568 Special Mention 488 1,564 241 — 970 7 — 3,270 Substandard — 587 552 263 94 1,912 — 3,408 Doubtful — — — — — — — — Total Construction & land development 94,741 122,906 74,948 3,689 9,710 21,036 15,216 342,246 Current period gross charge-offs — — — — — — — — Farmland Pass 8,482 4,050 3,483 1,821 499 2,753 1,209 22,297 Special Mention — 201 — 564 — 369 — 1,134 Substandard — 248 1,382 4,020 115 754 1,411 7,930 Doubtful — — — — — — — — Total Farmland 8,482 4,499 4,865 6,405 614 3,876 2,620 31,361 Current period gross charge-offs — — — — — — — — 1- 4 family Pass 77,518 114,091 72,631 43,083 20,425 49,144 17,947 394,839 Special Mention 1,115 1,511 968 1,553 1,054 890 717 7,808 Substandard — 2,403 5,224 1,236 2,224 4,449 862 16,398 Doubtful — — — — — — — — Total 1- 4 family 78,633 118,005 78,823 45,872 23,703 54,483 19,526 419,045 Current period gross charge-offs — — — — — 101 — 101 Multifamily Pass 10,072 76,606 6,183 15,166 1,879 6,799 2,297 119,002 Special Mention — — — — — — — — Substandard — — — — — 2,204 — 2,204 Doubtful — — — — — — — — Total Multifamily 10,072 76,606 6,183 15,166 1,879 9,003 2,297 121,206 Current period gross charge-offs — — — — — — — — Non-farm non-residential Pass 146,365 248,193 113,614 89,749 89,734 264,840 34,830 987,325 Special Mention 712 1,417 — — — 14,214 706 17,049 Substandard 250 18,877 18,299 66 — 6,111 4,773 48,376 Doubtful — — — — — — — — Total non-farm non-residential 147,327 268,487 131,913 89,815 89,734 285,165 40,309 1,052,750 Current period gross charge-offs — — — 138 — — — 138 Total Real Estate 339,255 590,503 296,732 160,947 125,640 373,563 79,968 1,966,608 Non-Real Estate: Agricultural Pass 2,573 11,177 3,451 1,595 1,745 2,538 21,499 44,578 Special Mention — 49 154 — — — 24 227 Substandard — — 537 306 20 2,220 61 3,144 Doubtful — — — — — — — — Total Agricultural 2,573 11,226 4,142 1,901 1,765 4,758 21,584 47,949 Current period gross charge-offs — — — — — — — — Commercial and industrial Pass 22,505 30,328 60,749 54,893 6,815 28,839 137,583 341,712 Special Mention 95 129 2,120 254 — 1,037 3,353 6,988 Substandard — 629 308 1,023 27 3,924 225 6,136 Doubtful — — — — — — — — Total Commercial and industrial 22,600 31,086 63,177 56,170 6,842 33,800 141,161 354,836 Current period gross charge-offs — 5 — 69 — — — 74 Commercial leases Pass 56,229 132,196 75,680 7,025 5,268 8 — 276,406 Special Mention — 12,248 1,755 — — — — 14,003 Substandard — 1,799 — — — — — 1,799 Doubtful — — — — — — — — Total Commercial leases 56,229 146,243 77,435 7,025 5,268 8 — 292,208 Current period gross charge-offs — — — — — — — — Consumer and other loans Pass 9,560 10,115 7,383 6,634 797 7,568 65 42,122 Special Mention 44 232 398 136 41 29 — 880 Substandard 135 1,189 995 538 113 96 — 3,066 Doubtful — — — — — — — — Total Consumer and other loans 9,739 11,536 8,776 7,308 951 7,693 65 46,068 Current period gross charge-offs 337 580 544 236 9 26 — 1,732 Total Non-Real Estate 91,141 200,091 153,530 72,404 14,826 46,259 162,810 741,061 Total Loans Pass 427,557 747,511 417,329 223,392 135,808 381,606 230,646 2,563,849 Special Mention 2,454 17,351 5,636 2,507 2,065 16,546 4,800 51,359 Substandard 385 25,732 27,297 7,452 2,593 21,670 7,332 92,461 Doubtful — — — — — — — — Total Loans Before Unearned Income $ 430,396 $ 790,594 $ 450,262 $ 233,351 $ 140,466 $ 419,822 $ 242,778 $ 2,707,669 Unearned income (8,276) Total Loans Net of Unearned Income $ 2,699,393 Total Current Period Gross Charge-offs $ 337 $ 585 $ 544 $ 443 $ 9 $ 127 $ — $ 2,045 The following table identifies the credit exposure of the loan portfolio, including loans acquired with deteriorated credit quality, by specific credit ratings as of the date indicated: As of December 31, 2022 (in thousands) Pass Special Mention Substandard Doubtful Total Real Estate: Construction & land development $ 229,416 $ 2,846 $ 829 $ — $ 233,091 Farmland 19,722 35 5,066 — 24,823 1- 4 family 347,842 8,667 9,821 — 366,330 Multifamily 117,081 444 2,260 — 119,785 Non-farm non-residential 968,861 15,071 8,997 — 992,929 Total Real Estate 1,682,922 27,063 26,973 — 1,736,958 Non-Real Estate: Agricultural 34,827 198 4,020 — 39,045 Commercial and industrial 374,947 2,016 8,316 — 385,279 Commercial leases 315,775 — 1,799 — 317,574 Consumer and other 45,225 1,031 1,608 — 47,864 Total Non-Real Estate 770,774 3,245 15,743 — 789,762 Total Loans Before Unearned Income $ 2,453,696 $ 30,308 $ 42,716 $ — 2,526,720 Unearned income (7,643) Total Loans Net of Unearned Income $ 2,519,077
Schedule of Carrying Amount of Purchased Impaired Loans	The carrying amount of those loans is as follows at December 31, 2022. (in thousands) As of December 31, 2022 Real Estate: Construction & land development $ 301 Farmland — 1- 4 family 1,311 Multifamily — Non-farm non-residential 1,904 Total Real Estate 3,516 Non-Real Estate: Agricultural — Commercial and industrial 742 Commercial leases — Consumer and other — Total Non-Real Estate 742 Total $ 4,258

Allowance for Credit Losses o_2

Allowance for Credit Losses on Loans (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Changes in Allowance for Loan Losses and Allowance and Loans Individually and Collectively Evaluated for Impairment	A summary of changes in the allowance for credit losses, by portfolio type, for the nine months ended September 30, 2023 and 2022 are as follows: For the Nine Months Ended September 30, 2023 (in thousands) Beginning Allowance (12/31/2022) ASC 326 Adoption Day 1 Adjustment Charge-offs Recoveries Provision Ending Allowance (9/30/2023) Real Estate: Construction & land development $ 1,232 $ 1,891 $ — $ 7 $ 485 $ 3,615 Farmland 83 (39) — — 16 60 1- 4 family 1,761 3,465 (101) 8 1,165 6,298 Multifamily 746 1,418 — — (21) 2,143 Non-farm non-residential 9,280 307 (138) 221 2,203 11,873 Total Real Estate 13,102 7,042 (239) 236 3,848 23,989 Non-Real Estate: Agricultural 240 (98) — 410 (423) 129 Commercial and industrial 2,194 2,971 (74) 181 (1,717) 3,555 Commercial leases 4,879 (162) — — (2,633) 2,084 Consumer and other 2,506 (1,042) (1,732) 338 1,416 1,486 Unallocated 597 (591) — — 687 693 Total Non-Real Estate 10,416 1,078 (1,806) 929 (2,670) 7,947 Total $ 23,518 $ 8,120 $ (2,045) $ 1,165 $ 1,178 $ 31,936 For the Nine Months Ended September 30, 2022 (in thousands) Beginning Allowance (12/31/2021) Charge-offs Recoveries Provision Ending Allowance (9/30/2022) Real Estate: Construction & land development $ 769 $ (66) $ 339 $ 145 $ 1,187 Farmland 478 — — (378) 100 1- 4 family 1,921 (94) 37 43 1,907 Multifamily 940 — 452 (291) 1,101 Non-farm non-residential 12,730 (598) 250 (2,719) 9,663 Total Real Estate 16,838 (758) 1,078 (3,200) 13,958 Non-Real Estate: Agricultural 183 (460) 133 401 257 Commercial and industrial 2,363 (437) 72 672 2,670 Commercial leases 2,486 (150) 3 458 2,797 Consumer and other 1,371 (3,274) 334 3,679 2,110 Unallocated 788 — — 888 1,676 Total Non-Real Estate 7,191 (4,321) 542 6,098 9,510 Total $ 24,029 $ (5,079) $ 1,620 $ 2,898 $ 23,468 A summary of the allowance along with loans and leases individually and collectively evaluated are as follows: As of September 30, 2023 (in thousands) Allowance Allowance Total Allowance Loans Loans Total Loans Real Estate: Construction & land development $ — $ 3,615 $ 3,615 $ — $ 342,246 $ 342,246 Farmland — 60 60 3,187 28,174 31,361 1- 4 family 317 5,981 6,298 3,637 415,408 419,045 Multifamily — 2,143 2,143 537 120,669 121,206 Non-farm non-residential 2,902 8,971 11,873 45,158 1,007,592 1,052,750 Total Real Estate 3,219 20,770 23,989 52,519 1,914,089 1,966,608 Non-Real Estate: Agricultural — 129 129 1,480 46,469 47,949 Commercial and industrial 548 3,007 3,555 1,712 353,124 354,836 Commercial leases — 2,084 2,084 1,799 290,409 292,208 Consumer and other — 1,486 1,486 — 46,068 46,068 Unallocated — 693 693 — — — Total Non-Real Estate 548 7,399 7,947 4,991 736,070 741,061 Total $ 3,767 $ 28,169 $ 31,936 $ 57,510 $ 2,650,159 2,707,669 Unearned Income (8,276) Total Loans Net of Unearned Income $ 2,699,393 All loans individually evaluated for impairment as of September 30, 2023 were considered collateral dependent loans. As of December 31, 2022 (in thousands) Allowance Allowance Individually Evaluated for Purchased Credit-Impairment Allowance Total Allowance Loans Loans Individually Evaluated for Purchased Credit-Impairment Loans Total Loans Real Estate: Construction & land development $ — $ — $ 1,232 $ 1,232 $ 68 $ 301 $ 232,722 $ 233,091 Farmland — — 83 83 4,240 — 20,583 24,823 1- 4 family — — 1,761 1,761 949 1,311 364,070 366,330 Multifamily — — 746 746 — — 119,785 119,785 Non-farm non-residential 666 512 8,102 9,280 4,095 1,904 986,930 992,929 Total Real Estate 666 512 11,924 13,102 9,352 3,516 1,724,090 1,736,958 Non-Real Estate: Agricultural — — 240 240 2,366 — 36,679 39,045 Commercial and industrial 412 212 1,570 2,194 5,919 742 378,618 385,279 Commercial leases 1,799 — 3,080 4,879 1,799 — 315,775 317,574 Consumer and other — — 2,506 2,506 — — 47,864 47,864 Unallocated — — 597 597 — — — — Total Non-Real Estate 2,211 212 7,993 10,416 10,084 742 778,936 789,762 Total $ 2,877 $ 724 $ 19,917 $ 23,518 $ 19,436 $ 4,258 $ 2,503,026 2,526,720 Unearned Income (7,643) Total loans net of unearned income $ 2,519,077
Schedule of Impaired Loans, Excluding Loans Acquired with Deteriorated Credit Quality, by Class	The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class as of the date indicated: As of December 31, 2022 (in thousands) Recorded Unpaid Related Average Interest Income Impaired Loans with no related allowance: Real Estate: Construction & land development $ 68 $ 68 $ — $ 68 $ — Farmland 4,240 4,240 — 4,242 51 1- 4 family 949 949 — 949 5 Multifamily — — — — — Non-farm non-residential 1,814 1,814 — 1,817 56 Total Real Estate 7,071 7,071 — 7,076 112 Non-Real Estate: Agricultural 2,366 2,521 — 2,366 7 Commercial and industrial 4,871 4,988 — 4,988 33 Commercial leases — — — — — Consumer and other — — — — — Total Non-Real Estate 7,237 7,509 — 7,354 40 Total Impaired Loans with no related allowance 14,308 14,580 — 14,430 152 Impaired Loans with an allowance recorded: Real Estate: Construction & land development — — — — — Farmland — — — — — 1- 4 family — — — — — Multifamily — — — — — Non-farm non-residential 2,281 2,855 666 2,279 5 Total Real Estate 2,281 2,855 666 2,279 5 Non-Real Estate: Agricultural — — — — — Commercial and industrial 1,048 1,048 412 1,112 35 Commercial leases 1,799 1,812 1,799 1,817 27 Consumer and other — — — — — Total Non-Real Estate 2,847 2,860 2,211 2,929 62 Total Impaired Loans with an allowance recorded 5,128 5,715 2,877 5,208 67 Total Impaired Loans $ 19,436 $ 20,295 $ 2,877 $ 19,638 $ 219

Other Real Estate (ORE) (Tables

Other Real Estate (ORE) (Tables)	9 Months Ended
	Sep. 30, 2023
Real Estate [Abstract]
Schedule of Other Real Estate Owned	Other real estate owned consists of the following at the dates indicated: (in thousands) September 30, 2023 December 31, 2022 Real Estate Owned Acquired by Foreclosure: Residential $ 194 $ 113 Construction & land development 251 — Non-farm non-residential 690 — Total Other Real Estate Owned and Foreclosed Property 1,135 113 Allowance — — Net Other Real Estate Owned and Foreclosed Property $ 1,135 $ 113

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Notional Amounts of Financial Instruments with Off-Balance Sheet Risk	Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at September 30, 2023 and December 31, 2022: Contract Amount (in thousands) September 30, 2023 December 31, 2022 Commitments to Extend Credit $ 378,250 $ 246,968 Unfunded Commitments under lines of credit $ 227,279 $ 253,906 Commercial and Standby letters of credit $ 14,170 $ 14,222

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table summarizes financial assets measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) September 30, 2023 December 31, 2022 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ 49,414 $ 98,466 Level 2: Significant Other Observable Inputs 20,112 21,890 Level 3: Significant Unobservable Inputs 10,331 11,102 Securities available for sale measured at fair value $ 79,857 $ 131,458
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3) : Level 3 Changes (in thousands) September 30, 2023 Balance, beginning of year $ 11,102 Total gains or losses (realized/unrealized): Included in earnings — Included in other comprehensive income (282) Purchases, sales, issuances and settlements, net (489) Transfers in and/or out of Level 3 — Balance as of end of period $ 10,331
Schedule of Fair Value Measurements, Nonrecurring	The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of September 30, 2023 and December 31, 2022, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At September 30, 2023 At December 31, 2022 Impaired Loans - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs — — Level 3: Significant Unobservable Inputs 6,650 2,251 Impaired loans measured at fair value $ 6,650 $ 2,251 Other Real Estate Owned - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ — $ — Level 2: Significant Other Observable Inputs 1,135 — Level 3: Significant Unobservable Inputs — 113 Other real estate owned measured at fair value $ 1,135 $ 113

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Schedule of Estimated Fair Values and Carrying Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments at September 30, 2023 were as follows: Fair Value Measurements at September 30, 2023 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 200,825 $ 200,825 $ — $ — $ 200,825 Federal funds sold 450 450 — — 450 Securities, available for sale 79,857 49,414 20,112 10,331 79,857 Securities, held for maturity 320,624 — 234,771 — 234,771 Loans held for sale — — — — — Loans, net 2,667,457 — — 2,514,556 2,514,556 Cash surrender value of BOLI 5,823 — — 5,823 5,823 Accrued interest receivable 16,728 — — 16,728 16,728 Liabilities Deposits $ 2,815,009 $ — $ — $ 2,807,472 2,807,472 Short-term advances from Federal Home Loan Bank 125,000 125,000 125,000 Short-term borrowings 20,000 — — 20,000 20,000 Repurchase agreements 7,659 — — 7,660 7,660 Accrued interest payable 10,780 — — 10,780 10,780 Long-term advances from Federal Home Loan Bank 155,000 — — 152,143 152,143 Senior long-term debt 20,306 — — 20,312 20,312 Junior subordinated debentures 15,000 — — 15,000 15,000 The carrying amounts and estimated fair values of financial instruments at December 31, 2022 were as follows: Fair Value Measurements at December 31, 2022 Using (in thousands) Carrying Amount Level 1 Level 2 Level 3 Total Assets Cash and due from banks $ 82,796 $ 82,796 $ — $ — $ 82,796 Federal funds sold 423 423 — — 423 Securities, available for sale 131,458 98,466 21,890 11,102 131,458 Securities, held for maturity 320,068 — 242,560 — 242,560 Loans, net 2,495,559 — — 2,404,402 2,404,402 Cash surrender value of BOLI 5,712 — — 5,712 5,712 Accrued interest receivable 13,002 — — 13,002 13,002 Liabilities Deposits $ 2,723,792 $ — $ — $ 2,717,471 2,717,471 Short-term advances from Federal Home Loan Bank 120,000 — — 120,000 120,000 Short-term borrowings 20,000 — — 20,000 20,000 Repurchase agreements 6,442 — — 6,509 6,509 Accrued interest payable 4,289 — — 4,289 4,289 Long-term advances from Federal Home Loan Bank — — — — — Senior long-term debt 21,927 — — 21,938 21,938 Junior subordinated debentures 15,000 — — 15,000 15,000

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jan. 01, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ (31,936)	$ (31,738)	$ (23,518)	$ (23,468)	$ (24,029)
Deferred tax asset		8,520	6,420
Remaining purchase discount on loans		0	(1,120)
Reserve for unfunded loan commitments		(2,900)	0
Retained earnings	69,247	68,451	76,351
Held to maturity, allowance for credit losses	$ 80	100	$ 0
Cumulative effect of adoption of ASC Topic 326, net of tax
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses		(8,220)
Deferred tax asset		2,100
Remaining purchase discount on loans		1,120
Reserve for unfunded loan commitments		(2,900)
Retained earnings		$ (7,900)

Securities - Schedule of Compar

Securities - Schedule of Comparison of Securities by Type (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available for sale:
Amortized Cost	$ 83,184	$ 134,845
Gross Unrealized Gains	10	31
Gross Unrealized Losses	(3,337)	(3,418)
Fair Value	79,857	131,458
Held to maturity:
Amortized Cost	320,704	320,068
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(85,933)	(77,508)
Fair Value	234,771	242,560
U.S. Treasuries
Available for sale:
Amortized Cost	50,183	100,642
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(769)	(2,142)
Fair Value	49,414	98,500
U.S. Government Agencies
Available for sale:
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	0	0
Held to maturity:
Amortized Cost	265,680	265,032
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(77,067)	(69,503)
Fair Value	188,613	195,529
Corporate debt securities
Available for sale:
Amortized Cost	16,750	16,750
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,558)	(752)
Fair Value	15,192	15,998
Held to maturity:
Amortized Cost	55,024	55,036
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(8,866)	(8,005)
Fair Value	46,158	47,031
Municipal bonds
Available for sale:
Amortized Cost	13,715	14,742
Gross Unrealized Gains	10	31
Gross Unrealized Losses	(746)	(426)
Fair Value	12,979	14,347
Mortgage-backed securities
Available for sale:
Amortized Cost	2,536	2,711
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(264)	(98)
Fair Value	$ 2,272	$ 2,613

Securities - Scheduled Maturiti

Securities - Scheduled Maturities of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amortized Cost
Due in one year or less	$ 51,091
Due after one year through five years	2,842
Due after five years through 10 years	20,078
Over 10 years	6,637
Subtotal	80,648
Amortized Cost	83,184	$ 134,845
Fair Value
Due in one year or less	50,317
Due after one year through five years	2,776
Due after five years through 10 years	18,427
Over 10 years	6,065
Subtotal	77,585
Fair Value	79,857	131,458
Amortized Cost
Due in one year or less	0
Due after one year through five years	2,253
Due after five years through 10 years	115,461
Over 10 years	202,990
Amortized Cost	320,704	320,068
Fair Value
Due in one year or less	0
Due after one year through five years	2,029
Due after five years through 10 years	93,746
Over 10 years	138,996
Fair Value	234,771	242,560
Mortgage-backed securities
Amortized Cost
Mortgage-backed securities	2,536
Amortized Cost	2,536	2,711
Fair Value
Mortgage-backed securities	2,272
Fair Value	$ 2,272	$ 2,613

Securities - Narrative (Details

Securities - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) security chargeoff	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) security chargeoff	Sep. 30, 2022 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 400,481		$ 400,481			$ 451,526
Debt securities, accrued interest	2,600		2,600			2,000
Held to maturity, allowance for credit losses	$ 80		$ 80		$ 100	$ 0
Number of debt securities with unrealized losses | security	176		176
Unrealized losses on debt securities in continuous loss position as percentage of total individual securities' amortized cost basis	22.20%		22.20%
Unrealized losses on debt securities in continuous loss position as percentage of amortized cost basis of investment securities portfolio	22.10%		22.10%
Number of debt securities in continuous loss position for over 12 months | security	152		152
Debt securities in a continuous loss position for over 12 months, amortized cost basis	$ 396,400		$ 396,400
Debt securities in a continuous loss position for over 12 months, unrealized loss	$ 89,100		$ 89,100
Number of held to maturity corporate security with a credit related impairment loss | security	1		1
Provision for credit losses	$ 627	$ 1,509	$ 1,489	$ 2,898
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Number of charge-offs | chargeoff	1		1
Charge-off			$ 100
Held-to-Maturity and Available-for-Sale Securities
Debt Securities, Available-for-sale [Line Items]
Provision for credit losses			100
Deposits
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 163,800		163,800
Debt securities, available-for-sale and held-to-maturity, fair value	$ 119,600		$ 119,600

Securities - Schedule of Securi

Securities - Schedule of Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Available for sale:
Less Than 12 Months, Number of Securities | security	24	63
Less Than 12 Months, Fair Value	$ 6,155	$ 23,090
Less Than 12 Months, Gross Unrealized Losses	$ (135)	$ (1,114)
12 Months or More, Number of Securities | security	65	18
12 Months or More, Fair Value	$ 72,529	$ 100,548
12 Months or More, Gross Unrealized Losses	$ (3,202)	$ (2,304)
Total, Number of Securities | security	89	81
Total, Fair Value	$ 78,684	$ 123,638
Total, Gross Unrealized Losses	$ (3,337)	$ (3,418)
Held to maturity:
Less Than 12 Months, Number of Securities | security	0	72
Less Than 12 Months, Fair Value	$ 0	$ 136,726
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (29,729)
12 Months or More, Number of Securities | security	87	16
12 Months or More, Fair Value	$ 234,771	$ 105,834
12 Months or More, Gross Unrealized Losses	$ (85,933)	$ (47,779)
Total, Number of Securities | security	87	88
Total, Fair Value	$ 234,771	$ 242,560
Total, Gross Unrealized Losses	$ (85,933)	$ (77,508)
U.S. Treasuries
Available for sale:
Less Than 12 Months, Number of Securities | security	0	0
Less Than 12 Months, Fair Value	$ 0	$ 0
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ 0
12 Months or More, Number of Securities | security	3	6
12 Months or More, Fair Value	$ 49,414	$ 98,500
12 Months or More, Gross Unrealized Losses	$ (769)	$ (2,142)
Total, Number of Securities | security	3	6
Total, Fair Value	$ 49,414	$ 98,500
Total, Gross Unrealized Losses	$ (769)	$ (2,142)
U.S. Government Agencies
Available for sale:
Less Than 12 Months, Number of Securities | security		0
Less Than 12 Months, Fair Value		$ 0
Less Than 12 Months, Gross Unrealized Losses		$ 0
12 Months or More, Number of Securities | security		0
12 Months or More, Fair Value		$ 0
12 Months or More, Gross Unrealized Losses		$ 0
Total, Number of Securities | security		0
Total, Fair Value		$ 0
Total, Gross Unrealized Losses		$ 0
Held to maturity:
Less Than 12 Months, Number of Securities | security	0	13
Less Than 12 Months, Fair Value	$ 0	$ 89,695
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (21,724)
12 Months or More, Number of Securities | security	29	16
12 Months or More, Fair Value	$ 188,614	$ 105,834
12 Months or More, Gross Unrealized Losses	$ (77,067)	$ (47,779)
Total, Number of Securities | security	29	29
Total, Fair Value	$ 188,614	$ 195,529
Total, Gross Unrealized Losses	$ (77,067)	$ (69,503)
Corporate debt securities
Available for sale:
Less Than 12 Months, Number of Securities | security	0	14
Less Than 12 Months, Fair Value	$ 0	$ 14,628
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (622)
12 Months or More, Number of Securities | security	16	2
12 Months or More, Fair Value	$ 15,192	$ 1,370
12 Months or More, Gross Unrealized Losses	$ (1,558)	$ (130)
Total, Number of Securities | security	16	16
Total, Fair Value	$ 15,192	$ 15,998
Total, Gross Unrealized Losses	$ (1,558)	$ (752)
Held to maturity:
Less Than 12 Months, Number of Securities | security	0	59
Less Than 12 Months, Fair Value	$ 0	$ 47,031
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (8,005)
12 Months or More, Number of Securities | security	58	0
12 Months or More, Fair Value	$ 46,157	$ 0
12 Months or More, Gross Unrealized Losses	$ (8,866)	$ 0
Total, Number of Securities | security	58	59
Total, Fair Value	$ 46,157	$ 47,031
Total, Gross Unrealized Losses	$ (8,866)	$ (8,005)
Municipal bonds
Available for sale:
Less Than 12 Months, Number of Securities | security	24	46
Less Than 12 Months, Fair Value	$ 6,155	$ 5,854
Less Than 12 Months, Gross Unrealized Losses	$ (135)	$ (394)
12 Months or More, Number of Securities | security	41	6
12 Months or More, Fair Value	$ 5,651	$ 673
12 Months or More, Gross Unrealized Losses	$ (611)	$ (32)
Total, Number of Securities | security	65	52
Total, Fair Value	$ 11,806	$ 6,527
Total, Gross Unrealized Losses	$ (746)	$ (426)
Mortgage-backed securities
Available for sale:
Less Than 12 Months, Number of Securities | security	0	3
Less Than 12 Months, Fair Value	$ 0	$ 2,608
Less Than 12 Months, Gross Unrealized Losses	$ 0	$ (98)
12 Months or More, Number of Securities | security	5	4
12 Months or More, Fair Value	$ 2,272	$ 5
12 Months or More, Gross Unrealized Losses	$ (264)	$ 0
Total, Number of Securities | security	5	7
Total, Fair Value	$ 2,272	$ 2,613
Total, Gross Unrealized Losses	$ (264)	$ (98)

Securities - Exposure to Bond I

Securities - Exposure to Bond Issuers that Exceeded 10% of Stockholders' Equity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Amortized Cost	$ 400,481	$ 451,526
Stockholders' Equity, Total
Concentration Risk [Line Items]
Amortized Cost	318,398
Fair Value	240,298
Stockholders' Equity, Total | U.S. Government Treasuries (U.S.)
Concentration Risk [Line Items]
Amortized Cost	50,183
Fair Value	49,414
Stockholders' Equity, Total | Federal Home Loan Bank (FHLB)
Concentration Risk [Line Items]
Amortized Cost	32,170
Fair Value	24,081
Stockholders' Equity, Total | Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)
Concentration Risk [Line Items]
Amortized Cost	97,439
Fair Value	64,373
Stockholders' Equity, Total | Federal Farm Credit Bank (FFCB)
Concentration Risk [Line Items]
Amortized Cost	138,606
Fair Value	$ 102,430

Loans - Components of Loan Port

Loans - Components of Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Balance
Total Loans before Unearned Income	$ 2,707,669	$ 2,526,720
Unearned Income	(8,276)	(7,643)
Total loans net of unearned income	$ 2,699,393	$ 2,519,077
As % of Category
As % of Category	100%	100%
Real Estate
Balance
Total Loans before Unearned Income	$ 1,966,608	$ 1,736,958
As % of Category
As % of Category	72.60%	68.70%
Real Estate | Construction & land development
Balance
Total Loans before Unearned Income	$ 342,246	$ 233,091
As % of Category
As % of Category	12.60%	9.20%
Real Estate | Farmland
Balance
Total Loans before Unearned Income	$ 31,361	$ 24,823
As % of Category
As % of Category	1.10%	1%
Real Estate | 1- 4 Family
Balance
Total Loans before Unearned Income	$ 419,045	$ 366,330
As % of Category
As % of Category	15.50%	14.50%
Real Estate | Multifamily
Balance
Total Loans before Unearned Income	$ 121,206	$ 119,785
As % of Category
As % of Category	4.50%	4.70%
Real Estate | Non-farm non-residential
Balance
Total Loans before Unearned Income	$ 1,052,750	$ 992,929
As % of Category
As % of Category	38.90%	39.30%
Non-Real Estate
Balance
Total Loans before Unearned Income	$ 741,061	$ 789,762
As % of Category
As % of Category	27.40%	31.30%
Non-Real Estate | Agricultural
Balance
Total Loans before Unearned Income	$ 47,949	$ 39,045
As % of Category
As % of Category	1.80%	1.50%
Non-Real Estate | Commercial and industrial
Balance
Total Loans before Unearned Income	$ 354,836	$ 385,279
As % of Category
As % of Category	13.10%	15.30%
PPP loans fully guaranteed by the SBA	$ 3,100	$ 5,900
Non-Real Estate | Commercial leases
Balance
Total Loans before Unearned Income	$ 292,208	$ 317,574
As % of Category
As % of Category	10.80%	12.60%
Non-Real Estate | Consumer and other
Balance
Total Loans before Unearned Income	$ 46,068	$ 47,864
As % of Category
As % of Category	1.70%	1.90%

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
Accrued interest receivable	$ 14,200	$ 11,000
Nonaccrual loans	$ 25,555	$ 13,566

Loans - Fixed and Floating Rate

Loans - Fixed and Floating Rate Loans by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing receivables, fixed and floating rate loans by contractual maturity [Abstract]
One year or less	$ 384,803	$ 372,124
More than one to five years	1,155,633	1,240,854
More than five to 15 years	340,580	330,676
Over 15 years	801,098	569,500
Subtotal	2,682,114	2,513,154
Nonaccrual loans	25,555	13,566
Total Loans before Unearned Income	2,707,669	2,526,720
Unearned income	(8,276)	(7,643)
Total loans net of unearned income	2,699,393	2,519,077
Fixed
Financing receivables, fixed and floating rate loans by contractual maturity [Abstract]
One year or less	276,228	234,921
More than one to five years	834,137	900,960
More than five to 15 years	90,625	114,425
Over 15 years	300,164	261,209
Subtotal	1,501,154	1,511,515
Floating
Financing receivables, fixed and floating rate loans by contractual maturity [Abstract]
One year or less	108,575	137,203
More than one to five years	321,496	339,894
More than five to 15 years	249,955	216,251
Over 15 years	500,934	308,291
Subtotal	$ 1,180,960	$ 1,001,639

Loans - Receivables Past Due (D

Loans - Receivables Past Due (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	$ 2,707,669	$ 2,526,720
Unearned income	(8,276)	(7,643)
Total loans net of unearned income	2,699,393	2,519,077
Recorded Investment 90 Days Accruing	8,144	1,142
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	13,693	11,391
90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	33,699	14,708
Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	47,392	26,099
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,660,277	2,500,621
Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,966,608	1,736,958
Recorded Investment 90 Days Accruing	4,424	1,019
Real Estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	7,091	7,905
Real Estate | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	21,729	9,106
Real Estate | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	28,820	17,011
Real Estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,937,788	1,719,947
Real Estate | Construction & land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	342,246	233,091
Recorded Investment 90 Days Accruing	182	427
Real Estate | Construction & land development | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,644	1,029
Real Estate | Construction & land development | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	846	652
Real Estate | Construction & land development | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	3,490	1,681
Real Estate | Construction & land development | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	338,756	231,410
Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	31,361	24,823
Recorded Investment 90 Days Accruing	2,693	0
Real Estate | Farmland | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	418	357
Real Estate | Farmland | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	3,567	290
Real Estate | Farmland | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	3,985	647
Real Estate | Farmland | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	27,376	24,176
Real Estate | 1- 4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	419,045	366,330
Recorded Investment 90 Days Accruing	594	332
Real Estate | 1- 4 family | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,933	4,512
Real Estate | 1- 4 family | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	7,420	4,158
Real Estate | 1- 4 family | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	10,353	8,670
Real Estate | 1- 4 family | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	408,692	357,660
Real Estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	121,206	119,785
Recorded Investment 90 Days Accruing	0	157
Real Estate | Multifamily | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	0	874
Real Estate | Multifamily | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	537	157
Real Estate | Multifamily | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	537	1,031
Real Estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	120,669	118,754
Real Estate | Non-farm non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,052,750	992,929
Recorded Investment 90 Days Accruing	955	103
Real Estate | Non-farm non-residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,096	1,133
Real Estate | Non-farm non-residential | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	9,359	3,849
Real Estate | Non-farm non-residential | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	10,455	4,982
Real Estate | Non-farm non-residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,042,295	987,947
Non-Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	741,061	789,762
Recorded Investment 90 Days Accruing	3,720	123
Non-Real Estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	6,602	3,486
Non-Real Estate | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	11,970	5,602
Non-Real Estate | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	18,572	9,088
Non-Real Estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	722,489	780,674
Non-Real Estate | Agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	47,949	39,045
Recorded Investment 90 Days Accruing	61	0
Non-Real Estate | Agricultural | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	155	120
Non-Real Estate | Agricultural | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,439	1,622
Non-Real Estate | Agricultural | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,594	1,742
Non-Real Estate | Agricultural | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	46,355	37,303
Non-Real Estate | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	354,836	385,279
Recorded Investment 90 Days Accruing	3,659	123
Non-Real Estate | Commercial and industrial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	5,073	1,369
Non-Real Estate | Commercial and industrial | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	6,486	942
Non-Real Estate | Commercial and industrial | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	11,559	2,311
Non-Real Estate | Commercial and industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	343,277	382,968
Non-Real Estate | Commercial leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	292,208	317,574
Recorded Investment 90 Days Accruing	0	0
Non-Real Estate | Commercial leases | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	0	0
Non-Real Estate | Commercial leases | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,799	1,799
Non-Real Estate | Commercial leases | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,799	1,799
Non-Real Estate | Commercial leases | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	290,409	315,775
Non-Real Estate | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	46,068	47,864
Recorded Investment 90 Days Accruing	0	0
Non-Real Estate | Consumer and other | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	1,374	1,997
Non-Real Estate | Consumer and other | 90 Days or Greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	2,246	1,239
Non-Real Estate | Consumer and other | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	3,620	3,236
Non-Real Estate | Consumer and other | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans before Unearned Income	$ 42,448	$ 44,628

Loans - Nonaccrual Loans (Detai

Loans - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	$ 19,463
Without Related Allowance	6,092
Total	25,555	$ 13,566
Real Estate
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	13,971
Without Related Allowance	3,334
Total	17,305	8,087
Real Estate | Construction & land development
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	664
Without Related Allowance	0
Total	664	225
Real Estate | Farmland
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	517
Without Related Allowance	357
Total	874	290
Real Estate | 1- 4 family
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	4,387
Without Related Allowance	2,440
Total	6,827	3,826
Real Estate | Multifamily
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	0
Without Related Allowance	537
Total	537	0
Real Estate | Non-farm non-residential
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	8,403
Without Related Allowance	0
Total	8,403	3,746
Non-Real Estate
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	5,492
Without Related Allowance	2,758
Total	8,250	5,479
Non-Real Estate | Agricultural
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	439
Without Related Allowance	939
Total	1,378	1,622
Non-Real Estate | Commercial and industrial
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	2,807
Without Related Allowance	20
Total	2,827	819
Non-Real Estate | Commercial leases
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	0
Without Related Allowance	1,799
Total	1,799	1,799
Non-Real Estate | Consumer and other
Summary of nonaccrual loans by class [Abstract]
With Related Allowance	2,246
Without Related Allowance	0
Total	$ 2,246	$ 1,239

Loans - Credit Exposure of Port

Loans - Credit Exposure of Portfolio (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	$ 430,396
2022	790,594
2021	450,262
2020	233,351
2019	140,466
Prior	419,822
Revolving Loans	242,778
Total Loans before Unearned Income	2,707,669		$ 2,526,720
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	337
2022	585
2021	544
2020	443
2019	9
Prior	127
Revolving Loans	0
Total	2,045	$ 5,079
Unearned income	(8,276)		(7,643)
Total loans net of unearned income	2,699,393		2,519,077
Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	427,557
2022	747,511
2021	417,329
2020	223,392
2019	135,808
Prior	381,606
Revolving Loans	230,646
Total Loans before Unearned Income	2,563,849		2,453,696
Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	2,454
2022	17,351
2021	5,636
2020	2,507
2019	2,065
Prior	16,546
Revolving Loans	4,800
Total Loans before Unearned Income	51,359		30,308
Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	385
2022	25,732
2021	27,297
2020	7,452
2019	2,593
Prior	21,670
Revolving Loans	7,332
Total Loans before Unearned Income	92,461		42,716
Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Real Estate
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	339,255
2022	590,503
2021	296,732
2020	160,947
2019	125,640
Prior	373,563
Revolving Loans	79,968
Total Loans before Unearned Income	1,966,608		1,736,958
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	239	758
Real Estate | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			1,682,922
Real Estate | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			27,063
Real Estate | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			26,973
Real Estate | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			0
Real Estate | Construction & land development
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	94,741
2022	122,906
2021	74,948
2020	3,689
2019	9,710
Prior	21,036
Revolving Loans	15,216
Total Loans before Unearned Income	342,246		233,091
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total	0	66
Real Estate | Construction & land development | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	94,253
2022	120,755
2021	74,155
2020	3,426
2019	8,646
Prior	19,117
Revolving Loans	15,216
Total Loans before Unearned Income	335,568		229,416
Real Estate | Construction & land development | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	488
2022	1,564
2021	241
2020	0
2019	970
Prior	7
Revolving Loans	0
Total Loans before Unearned Income	3,270		2,846
Real Estate | Construction & land development | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	587
2021	552
2020	263
2019	94
Prior	1,912
Revolving Loans	0
Total Loans before Unearned Income	3,408		829
Real Estate | Construction & land development | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Real Estate | Farmland
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	8,482
2022	4,499
2021	4,865
2020	6,405
2019	614
Prior	3,876
Revolving Loans	2,620
Total Loans before Unearned Income	31,361		24,823
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total	0	0
Real Estate | Farmland | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	8,482
2022	4,050
2021	3,483
2020	1,821
2019	499
Prior	2,753
Revolving Loans	1,209
Total Loans before Unearned Income	22,297		19,722
Real Estate | Farmland | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	201
2021	0
2020	564
2019	0
Prior	369
Revolving Loans	0
Total Loans before Unearned Income	1,134		35
Real Estate | Farmland | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	248
2021	1,382
2020	4,020
2019	115
Prior	754
Revolving Loans	1,411
Total Loans before Unearned Income	7,930		5,066
Real Estate | Farmland | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Real Estate | 1- 4 family
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	78,633
2022	118,005
2021	78,823
2020	45,872
2019	23,703
Prior	54,483
Revolving Loans	19,526
Total Loans before Unearned Income	419,045		366,330
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	101
Revolving Loans	0
Total	101	94
Real Estate | 1- 4 family | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	77,518
2022	114,091
2021	72,631
2020	43,083
2019	20,425
Prior	49,144
Revolving Loans	17,947
Total Loans before Unearned Income	394,839		347,842
Real Estate | 1- 4 family | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	1,115
2022	1,511
2021	968
2020	1,553
2019	1,054
Prior	890
Revolving Loans	717
Total Loans before Unearned Income	7,808		8,667
Real Estate | 1- 4 family | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	2,403
2021	5,224
2020	1,236
2019	2,224
Prior	4,449
Revolving Loans	862
Total Loans before Unearned Income	16,398		9,821
Real Estate | 1- 4 family | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Real Estate | Multifamily
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	10,072
2022	76,606
2021	6,183
2020	15,166
2019	1,879
Prior	9,003
Revolving Loans	2,297
Total Loans before Unearned Income	121,206		119,785
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total	0	0
Real Estate | Multifamily | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	10,072
2022	76,606
2021	6,183
2020	15,166
2019	1,879
Prior	6,799
Revolving Loans	2,297
Total Loans before Unearned Income	119,002		117,081
Real Estate | Multifamily | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		444
Real Estate | Multifamily | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	2,204
Revolving Loans	0
Total Loans before Unearned Income	2,204		2,260
Real Estate | Multifamily | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Real Estate | Non-farm non-residential
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	147,327
2022	268,487
2021	131,913
2020	89,815
2019	89,734
Prior	285,165
Revolving Loans	40,309
Total Loans before Unearned Income	1,052,750		992,929
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	138
2019	0
Prior	0
Revolving Loans	0
Total	138	598
Real Estate | Non-farm non-residential | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	146,365
2022	248,193
2021	113,614
2020	89,749
2019	89,734
Prior	264,840
Revolving Loans	34,830
Total Loans before Unearned Income	987,325		968,861
Real Estate | Non-farm non-residential | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	712
2022	1,417
2021	0
2020	0
2019	0
Prior	14,214
Revolving Loans	706
Total Loans before Unearned Income	17,049		15,071
Real Estate | Non-farm non-residential | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	250
2022	18,877
2021	18,299
2020	66
2019	0
Prior	6,111
Revolving Loans	4,773
Total Loans before Unearned Income	48,376		8,997
Real Estate | Non-farm non-residential | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Non-Real Estate
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	91,141
2022	200,091
2021	153,530
2020	72,404
2019	14,826
Prior	46,259
Revolving Loans	162,810
Total Loans before Unearned Income	741,061		789,762
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	1,806	4,321
Non-Real Estate | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			770,774
Non-Real Estate | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			3,245
Non-Real Estate | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			15,743
Non-Real Estate | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
Total Loans before Unearned Income			0
Non-Real Estate | Agricultural
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	2,573
2022	11,226
2021	4,142
2020	1,901
2019	1,765
Prior	4,758
Revolving Loans	21,584
Total Loans before Unearned Income	47,949		39,045
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total	0	460
Non-Real Estate | Agricultural | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	2,573
2022	11,177
2021	3,451
2020	1,595
2019	1,745
Prior	2,538
Revolving Loans	21,499
Total Loans before Unearned Income	44,578		34,827
Non-Real Estate | Agricultural | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	49
2021	154
2020	0
2019	0
Prior	0
Revolving Loans	24
Total Loans before Unearned Income	227		198
Non-Real Estate | Agricultural | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	537
2020	306
2019	20
Prior	2,220
Revolving Loans	61
Total Loans before Unearned Income	3,144		4,020
Non-Real Estate | Agricultural | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Non-Real Estate | Commercial and industrial
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	22,600
2022	31,086
2021	63,177
2020	56,170
2019	6,842
Prior	33,800
Revolving Loans	141,161
Total Loans before Unearned Income	354,836		385,279
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	5
2021	0
2020	69
2019	0
Prior	0
Revolving Loans	0
Total	74	437
Non-Real Estate | Commercial and industrial | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	22,505
2022	30,328
2021	60,749
2020	54,893
2019	6,815
Prior	28,839
Revolving Loans	137,583
Total Loans before Unearned Income	341,712		374,947
Non-Real Estate | Commercial and industrial | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	95
2022	129
2021	2,120
2020	254
2019	0
Prior	1,037
Revolving Loans	3,353
Total Loans before Unearned Income	6,988		2,016
Non-Real Estate | Commercial and industrial | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	629
2021	308
2020	1,023
2019	27
Prior	3,924
Revolving Loans	225
Total Loans before Unearned Income	6,136		8,316
Non-Real Estate | Commercial and industrial | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Non-Real Estate | Commercial leases
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	56,229
2022	146,243
2021	77,435
2020	7,025
2019	5,268
Prior	8
Revolving Loans	0
Total Loans before Unearned Income	292,208		317,574
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total	0	150
Non-Real Estate | Commercial leases | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	56,229
2022	132,196
2021	75,680
2020	7,025
2019	5,268
Prior	8
Revolving Loans	0
Total Loans before Unearned Income	276,406		315,775
Non-Real Estate | Commercial leases | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	12,248
2021	1,755
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	14,003		0
Non-Real Estate | Commercial leases | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	1,799
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	1,799		1,799
Non-Real Estate | Commercial leases | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	0		0
Non-Real Estate | Consumer and other
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	9,739
2022	11,536
2021	8,776
2020	7,308
2019	951
Prior	7,693
Revolving Loans	65
Total Loans before Unearned Income	46,068		47,864
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	337
2022	580
2021	544
2020	236
2019	9
Prior	26
Revolving Loans	0
Total	1,732	$ 3,274
Non-Real Estate | Consumer and other | Pass
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	9,560
2022	10,115
2021	7,383
2020	6,634
2019	797
Prior	7,568
Revolving Loans	65
Total Loans before Unearned Income	42,122		45,225
Non-Real Estate | Consumer and other | Special Mention
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	44
2022	232
2021	398
2020	136
2019	41
Prior	29
Revolving Loans	0
Total Loans before Unearned Income	880		1,031
Non-Real Estate | Consumer and other | Substandard
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	135
2022	1,189
2021	995
2020	538
2019	113
Prior	96
Revolving Loans	0
Total Loans before Unearned Income	3,066		1,608
Non-Real Estate | Consumer and other | Doubtful
Credit exposure of loan portfolio by specific credit ratings [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Total Loans before Unearned Income	$ 0		$ 0

Loans - Purchased Impaired Loan

Loans - Purchased Impaired Loans (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	$ 4,258
Real Estate
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	3,516
Real Estate | Construction & land development
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	301
Real Estate | Farmland
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	0
Real Estate | 1- 4 family
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	1,311
Real Estate | Multifamily
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	0
Real Estate | Non-farm non-residential
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	1,904
Non-Real Estate
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	742
Non-Real Estate | Agricultural
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	0
Non-Real Estate | Commercial and industrial
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	742
Non-Real Estate | Commercial leases
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	0
Non-Real Estate | Consumer and other
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract]
Carry amount	$ 0

Allowance for Credit Losses o_3

Allowance for Credit Losses on Loans - Summary of Changes in Allowance for Loan Losses, by Portfolio Type (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	$ 23,518	$ 24,029
ASC 326 Adoption Day 1 Adjustment	8,120
Charge-offs	(2,045)	(5,079)
Recoveries	1,165	1,620
Provision	1,178	2,898
Ending allowance	31,936	23,468
Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	13,102	16,838
ASC 326 Adoption Day 1 Adjustment	7,042
Charge-offs	(239)	(758)
Recoveries	236	1,078
Provision	3,848	(3,200)
Ending allowance	23,989	13,958
Real Estate | Construction & land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	1,232	769
ASC 326 Adoption Day 1 Adjustment	1,891
Charge-offs	0	(66)
Recoveries	7	339
Provision	485	145
Ending allowance	3,615	1,187
Real Estate | Farmland
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	83	478
ASC 326 Adoption Day 1 Adjustment	(39)
Charge-offs	0	0
Recoveries	0	0
Provision	16	(378)
Ending allowance	60	100
Real Estate | 1- 4 family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	1,761	1,921
ASC 326 Adoption Day 1 Adjustment	3,465
Charge-offs	(101)	(94)
Recoveries	8	37
Provision	1,165	43
Ending allowance	6,298	1,907
Real Estate | Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	746	940
ASC 326 Adoption Day 1 Adjustment	1,418
Charge-offs	0	0
Recoveries	0	452
Provision	(21)	(291)
Ending allowance	2,143	1,101
Real Estate | Non-farm non-residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	9,280	12,730
ASC 326 Adoption Day 1 Adjustment	307
Charge-offs	(138)	(598)
Recoveries	221	250
Provision	2,203	(2,719)
Ending allowance	11,873	9,663
Non-Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	10,416	7,191
ASC 326 Adoption Day 1 Adjustment	1,078
Charge-offs	(1,806)	(4,321)
Recoveries	929	542
Provision	(2,670)	6,098
Ending allowance	7,947	9,510
Non-Real Estate | Agricultural
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	240	183
ASC 326 Adoption Day 1 Adjustment	(98)
Charge-offs	0	(460)
Recoveries	410	133
Provision	(423)	401
Ending allowance	129	257
Non-Real Estate | Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	2,194	2,363
ASC 326 Adoption Day 1 Adjustment	2,971
Charge-offs	(74)	(437)
Recoveries	181	72
Provision	(1,717)	672
Ending allowance	3,555	2,670
Non-Real Estate | Commercial leases
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	4,879	2,486
ASC 326 Adoption Day 1 Adjustment	(162)
Charge-offs	0	(150)
Recoveries	0	3
Provision	(2,633)	458
Ending allowance	2,084	2,797
Non-Real Estate | Consumer and other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	2,506	1,371
ASC 326 Adoption Day 1 Adjustment	(1,042)
Charge-offs	(1,732)	(3,274)
Recoveries	338	334
Provision	1,416	3,679
Ending allowance	1,486	2,110
Non-Real Estate | Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning allowance	597	788
ASC 326 Adoption Day 1 Adjustment	(591)
Charge-offs	0	0
Recoveries	0	0
Provision	687	888
Ending allowance	$ 693	$ 1,676

Allowance for Credit Losses o_4

Allowance for Credit Losses on Loans - Schedule of Allowance and Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jan. 01, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	$ 3,767		$ 2,877
Allowance Individually Evaluated for Purchased Credit-Impairment			724
Allowance Collectively Evaluated	28,169		19,917
Total Allowance for Credit Losses	31,936	$ 31,738	23,518	$ 23,468	$ 24,029
Loans Individually Evaluated	57,510		19,436
Loans Individually Evaluated for Purchased Credit-Impairment			4,258
Loans Collectively Evaluated	2,650,159		2,503,026
Total Loans before Unearned Income	2,707,669		2,526,720
Unearned Income	(8,276)		(7,643)
Total loans net of unearned income	2,699,393		2,519,077
Real Estate
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	3,219		666
Allowance Individually Evaluated for Purchased Credit-Impairment			512
Allowance Collectively Evaluated	20,770		11,924
Total Allowance for Credit Losses	23,989		13,102	13,958	16,838
Loans Individually Evaluated	52,519		9,352
Loans Individually Evaluated for Purchased Credit-Impairment			3,516
Loans Collectively Evaluated	1,914,089		1,724,090
Total Loans before Unearned Income	1,966,608		1,736,958
Real Estate | Construction & land development
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	3,615		1,232
Total Allowance for Credit Losses	3,615		1,232	1,187	769
Loans Individually Evaluated	0		68
Loans Individually Evaluated for Purchased Credit-Impairment			301
Loans Collectively Evaluated	342,246		232,722
Total Loans before Unearned Income	342,246		233,091
Real Estate | Farmland
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	60		83
Total Allowance for Credit Losses	60		83	100	478
Loans Individually Evaluated	3,187		4,240
Loans Individually Evaluated for Purchased Credit-Impairment			0
Loans Collectively Evaluated	28,174		20,583
Total Loans before Unearned Income	31,361		24,823
Real Estate | 1- 4 family
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	317		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	5,981		1,761
Total Allowance for Credit Losses	6,298		1,761	1,907	1,921
Loans Individually Evaluated	3,637		949
Loans Individually Evaluated for Purchased Credit-Impairment			1,311
Loans Collectively Evaluated	415,408		364,070
Total Loans before Unearned Income	419,045		366,330
Real Estate | Multifamily
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	2,143		746
Total Allowance for Credit Losses	2,143		746	1,101	940
Loans Individually Evaluated	537		0
Loans Individually Evaluated for Purchased Credit-Impairment			0
Loans Collectively Evaluated	120,669		119,785
Total Loans before Unearned Income	121,206		119,785
Real Estate | Non-farm non-residential
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	2,902		666
Allowance Individually Evaluated for Purchased Credit-Impairment			512
Allowance Collectively Evaluated	8,971		8,102
Total Allowance for Credit Losses	11,873		9,280	9,663	12,730
Loans Individually Evaluated	45,158		4,095
Loans Individually Evaluated for Purchased Credit-Impairment			1,904
Loans Collectively Evaluated	1,007,592		986,930
Total Loans before Unearned Income	1,052,750		992,929
Non-Real Estate
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	548		2,211
Allowance Individually Evaluated for Purchased Credit-Impairment			212
Allowance Collectively Evaluated	7,399		7,993
Total Allowance for Credit Losses	7,947		10,416	9,510	7,191
Loans Individually Evaluated	4,991		10,084
Loans Individually Evaluated for Purchased Credit-Impairment			742
Loans Collectively Evaluated	736,070		778,936
Total Loans before Unearned Income	741,061		789,762
Non-Real Estate | Agricultural
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	129		240
Total Allowance for Credit Losses	129		240	257	183
Loans Individually Evaluated	1,480		2,366
Loans Individually Evaluated for Purchased Credit-Impairment			0
Loans Collectively Evaluated	46,469		36,679
Total Loans before Unearned Income	47,949		39,045
Non-Real Estate | Commercial and industrial
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	548		412
Allowance Individually Evaluated for Purchased Credit-Impairment			212
Allowance Collectively Evaluated	3,007		1,570
Total Allowance for Credit Losses	3,555		2,194	2,670	2,363
Loans Individually Evaluated	1,712		5,919
Loans Individually Evaluated for Purchased Credit-Impairment			742
Loans Collectively Evaluated	353,124		378,618
Total Loans before Unearned Income	354,836		385,279
Non-Real Estate | Commercial leases
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		1,799
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	2,084		3,080
Total Allowance for Credit Losses	2,084		4,879	2,797	2,486
Loans Individually Evaluated	1,799		1,799
Loans Individually Evaluated for Purchased Credit-Impairment			0
Loans Collectively Evaluated	290,409		315,775
Total Loans before Unearned Income	292,208		317,574
Non-Real Estate | Consumer and other
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	1,486		2,506
Total Allowance for Credit Losses	1,486		2,506	2,110	1,371
Loans Individually Evaluated	0		0
Loans Individually Evaluated for Purchased Credit-Impairment			0
Loans Collectively Evaluated	46,068		47,864
Total Loans before Unearned Income	46,068		47,864
Non-Real Estate | Unallocated
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance Individually Evaluated	0		0
Allowance Individually Evaluated for Purchased Credit-Impairment			0
Allowance Collectively Evaluated	693		597
Total Allowance for Credit Losses	693		597	$ 1,676	$ 788
Loans Individually Evaluated	0		0
Loans Individually Evaluated for Purchased Credit-Impairment			0
Loans Collectively Evaluated	0		0
Total Loans before Unearned Income	$ 0		$ 0

Allowance for Credit Losses o_5

Allowance for Credit Losses on Loans - Impaired Loans by Class (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Impaired Loans with no related allowance:
Recorded Investment	$ 14,308
Unpaid Principal Balance	14,580
Average Recorded Investment	14,430
Interest Income Recognized	152
Impaired Loans with an allowance recorded:
Recorded Investment	5,128
Unpaid Principal Balance	5,715
Related Allowance	2,877
Average Recorded Investment	5,208
Interest Income Recognized	67
Total Impaired Loans
Recorded Investment	19,436
Unpaid Principal Balance	20,295
Related Allowance	2,877
Average Recorded Investment	19,638
Interest Income Recognized	219
Real Estate
Impaired Loans with no related allowance:
Recorded Investment	7,071
Unpaid Principal Balance	7,071
Average Recorded Investment	7,076
Interest Income Recognized	112
Impaired Loans with an allowance recorded:
Recorded Investment	2,281
Unpaid Principal Balance	2,855
Related Allowance	666
Average Recorded Investment	2,279
Interest Income Recognized	5
Total Impaired Loans
Related Allowance	666
Real Estate | Construction & land development
Impaired Loans with no related allowance:
Recorded Investment	68
Unpaid Principal Balance	68
Average Recorded Investment	68
Interest Income Recognized	0
Impaired Loans with an allowance recorded:
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Interest Income Recognized	0
Total Impaired Loans
Related Allowance	0
Real Estate | Farmland
Impaired Loans with no related allowance:
Recorded Investment	4,240
Unpaid Principal Balance	4,240
Average Recorded Investment	4,242
Interest Income Recognized	51
Impaired Loans with an allowance recorded:
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Interest Income Recognized	0
Total Impaired Loans
Related Allowance	0
Real Estate | 1- 4 family
Impaired Loans with no related allowance:
Recorded Investment	949
Unpaid Principal Balance	949
Average Recorded Investment	949
Interest Income Recognized	5
Impaired Loans with an allowance recorded:
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Interest Income Recognized	0
Total Impaired Loans
Related Allowance	0
Real Estate | Multifamily
Impaired Loans with no related allowance:
Recorded Investment	0
Unpaid Principal Balance	0
Average Recorded Investment	0
Interest Income Recognized	0
Impaired Loans with an allowance recorded:
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Interest Income Recognized	0
Total Impaired Loans
Related Allowance	0
Real Estate | Non-farm non-residential
Impaired Loans with no related allowance:
Recorded Investment	1,814
Unpaid Principal Balance	1,814
Average Recorded Investment	1,817
Interest Income Recognized	56
Impaired Loans with an allowance recorded:
Recorded Investment	2,281
Unpaid Principal Balance	2,855
Related Allowance	666
Average Recorded Investment	2,279
Interest Income Recognized	5
Total Impaired Loans
Related Allowance	666
Non-Real Estate
Impaired Loans with no related allowance:
Recorded Investment	7,237
Unpaid Principal Balance	7,509
Average Recorded Investment	7,354
Interest Income Recognized	40
Impaired Loans with an allowance recorded:
Recorded Investment	2,847
Unpaid Principal Balance	2,860
Related Allowance	2,211
Average Recorded Investment	2,929
Interest Income Recognized	62
Total Impaired Loans
Related Allowance	2,211
Non-Real Estate | Agricultural
Impaired Loans with no related allowance:
Recorded Investment	2,366
Unpaid Principal Balance	2,521
Average Recorded Investment	2,366
Interest Income Recognized	7
Impaired Loans with an allowance recorded:
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Interest Income Recognized	0
Total Impaired Loans
Related Allowance	0
Non-Real Estate | Commercial and industrial
Impaired Loans with no related allowance:
Recorded Investment	4,871
Unpaid Principal Balance	4,988
Average Recorded Investment	4,988
Interest Income Recognized	33
Impaired Loans with an allowance recorded:
Recorded Investment	1,048
Unpaid Principal Balance	1,048
Related Allowance	412
Average Recorded Investment	1,112
Interest Income Recognized	35
Total Impaired Loans
Related Allowance	412
Non-Real Estate | Commercial leases
Impaired Loans with no related allowance:
Recorded Investment	0
Unpaid Principal Balance	0
Average Recorded Investment	0
Interest Income Recognized	0
Impaired Loans with an allowance recorded:
Recorded Investment	1,799
Unpaid Principal Balance	1,812
Related Allowance	1,799
Average Recorded Investment	1,817
Interest Income Recognized	27
Total Impaired Loans
Related Allowance	1,799
Non-Real Estate | Consumer and other
Impaired Loans with no related allowance:
Recorded Investment	0
Unpaid Principal Balance	0
Average Recorded Investment	0
Interest Income Recognized	0
Impaired Loans with an allowance recorded:
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Interest Income Recognized	0
Total Impaired Loans
Related Allowance	$ 0

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 12,900,000	$ 12,900,000
Impairment charges recognized on the company's intangible assets	0
Loan servicing assets	$ 500,000	$ 500,000
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	5 years 6 months

Other Real Estate (ORE) - Sched

Other Real Estate (ORE) - Schedule of Other Real Estate Owned (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	$ 1,135	$ 113
Allowance	0	0
Net Other Real Estate Owned and Foreclosed Property	1,135	113
Residential
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	194	113
Construction & land development
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	251	0
Non-farm non-residential
Real Estate Owned Acquired by Foreclosure
Total Other Real Estate Owned and Foreclosed Property	$ 690	$ 0

Other Real Estate (ORE) - Narra

Other Real Estate (ORE) - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($)
Real Estate | 1- 4 family
Real Estate [Line Items]
Loans in process of foreclosure	$ 2

Commitments and Contingencies -

Commitments and Contingencies - Notional Amounts of Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Commitments to Extend Credit
Off-balance sheet commitments [Abstract]
Notional value	$ 378,250	$ 246,968
Unfunded Commitments under lines of credit
Off-balance sheet commitments [Abstract]
Notional value	227,279	253,906
Commercial and Standby letters of credit
Off-balance sheet commitments [Abstract]
Notional value	$ 14,170	$ 14,222

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2021	Sep. 30, 2023	Jan. 01, 2023
Loss Contingencies [Line Items]
Off-balance-sheet, credit loss, liability	$ 3.1		$ 3.1	$ 2.9
Case Settled in the Third Quarter of 2021
Loss Contingencies [Line Items]
Litigation settlement, amount		$ 1.1
Insurance coverage receivable		$ 0.9
Minimum | Overpayment Of Interest On A Loan
Loss Contingencies [Line Items]
Lawsuit alleging fault for a loss of funds with possible loss	0		0
Maximum | Overpayment Of Interest On A Loan
Loss Contingencies [Line Items]
Lawsuit alleging fault for a loss of funds with possible loss	1.5		1.5
Unfunded Commitments under lines of credit
Loss Contingencies [Line Items]
Provision for credit losses	$ 0.1		$ 0.2

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	$ 79,857	$ 131,458
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	79,857	131,458
Fair Value, Measurements, Recurring | Level 1: Quoted Prices in Active Markets For Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	49,414	98,466
Fair Value, Measurements, Recurring | Level 2: Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	20,112	21,890
Fair Value, Measurements, Recurring | Level 3: Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities, available for sale	$ 10,331	$ 11,102

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Decrease in available for sale securities	$ 49.1

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Input Reconciliation (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Level 3 Changes
Balance, beginning of year	$ 11,102
Total gains or losses (realized/unrealized):
Included in earnings	0
Included in other comprehensive income	(282)
Purchases, sales, issuances and settlements, net	(489)
Transfers in and/or out of Level 3	0
Balance as of end of period	$ 10,331

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans measured at fair value	$ 6,650	$ 2,251
Other real estate owned measured at fair value	1,135	113
Level 1: Quoted Prices in Active Markets For Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans measured at fair value	0	0
Other real estate owned measured at fair value	0	0
Level 2: Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans measured at fair value	0	0
Other real estate owned measured at fair value	1,135	0
Level 3: Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans measured at fair value	6,650	2,251
Other real estate owned measured at fair value	$ 0	$ 113

Financial Instruments - Schedul

Financial Instruments - Schedule Of Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Securities, available for sale	$ 79,857	$ 131,458
Securities, held for maturity	234,771	242,560
Carrying Amount
Assets
Federal funds sold	450	423
Securities, available for sale	79,857	131,458
Securities, held for maturity	320,624	320,068
Loans held for sale	0
Loans, net	2,667,457	2,495,559
Cash surrender value of BOLI	5,823	5,712
Accrued interest receivable	16,728	13,002
Liabilities
Deposits	2,815,009	2,723,792
Short-term advances from Federal Home Loan Bank	125,000	120,000
Short-term borrowings	20,000	20,000
Repurchase agreements	7,659	6,442
Accrued interest payable	10,780	4,289
Long-term advances from Federal Home Loan Bank	155,000	0
Senior long-term debt	20,306	21,927
Junior subordinated debentures	15,000	15,000
Carrying Amount | Cash and due from banks
Assets
Cash and due from banks	200,825	82,796
Fair Value Measurements
Assets
Federal funds sold	450	423
Securities, available for sale	79,857	131,458
Securities, held for maturity	234,771	242,560
Loans held for sale	0
Loans, net	2,514,556	2,404,402
Cash surrender value of BOLI	5,823	5,712
Accrued interest receivable	16,728	13,002
Liabilities
Deposits	2,807,472	2,717,471
Short-term advances from Federal Home Loan Bank	125,000	120,000
Short-term borrowings	20,000	20,000
Repurchase agreements	7,660	6,509
Accrued interest payable	10,780	4,289
Long-term advances from Federal Home Loan Bank	152,143	0
Senior long-term debt	20,312	21,938
Junior subordinated debentures	15,000	15,000
Fair Value Measurements | Cash and due from banks
Assets
Cash and due from banks	200,825	82,796
Fair Value Measurements | Level 1
Assets
Federal funds sold	450	423
Securities, available for sale	49,414	98,466
Securities, held for maturity	0	0
Loans held for sale	0
Loans, net	0	0
Cash surrender value of BOLI	0	0
Accrued interest receivable	0	0
Liabilities
Deposits	0	0
Short-term advances from Federal Home Loan Bank		0
Short-term borrowings	0	0
Repurchase agreements	0	0
Accrued interest payable	0	0
Long-term advances from Federal Home Loan Bank	0	0
Senior long-term debt	0	0
Junior subordinated debentures	0	0
Fair Value Measurements | Level 1 | Cash and due from banks
Assets
Cash and due from banks	200,825	82,796
Fair Value Measurements | Level 2
Assets
Federal funds sold	0	0
Securities, available for sale	20,112	21,890
Securities, held for maturity	234,771	242,560
Loans held for sale	0
Loans, net	0	0
Cash surrender value of BOLI	0	0
Accrued interest receivable	0	0
Liabilities
Deposits	0	0
Short-term advances from Federal Home Loan Bank		0
Short-term borrowings	0	0
Repurchase agreements	0	0
Accrued interest payable	0	0
Long-term advances from Federal Home Loan Bank	0	0
Senior long-term debt	0	0
Junior subordinated debentures	0	0
Fair Value Measurements | Level 2 | Cash and due from banks
Assets
Cash and due from banks	0	0
Fair Value Measurements | Level 3
Assets
Federal funds sold	0	0
Securities, available for sale	10,331	11,102
Securities, held for maturity	0	0
Loans held for sale	0
Loans, net	2,514,556	2,404,402
Cash surrender value of BOLI	5,823	5,712
Accrued interest receivable	16,728	13,002
Liabilities
Deposits	2,807,472	2,717,471
Short-term advances from Federal Home Loan Bank	125,000	120,000
Short-term borrowings	20,000	20,000
Repurchase agreements	7,660	6,509
Accrued interest payable	10,780	4,289
Long-term advances from Federal Home Loan Bank	152,143	0
Senior long-term debt	20,312	21,938
Junior subordinated debentures	15,000	15,000
Fair Value Measurements | Level 3 | Cash and due from banks
Assets
Cash and due from banks	$ 0	$ 0