First Bancorp (FBNC) 10-K 28 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Feb. 27, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Entity File Number	0-15572
Entity Registrant Name	FIRST BANCORP
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-1421916
Entity Address, Address Line One	300 SW Broad St.,
Entity Address, City or Town	Southern Pines,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28387
City Area Code	(910)
Local Phone Number	246-2500
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	FBNC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,222,172
Entity Common Stock, Shares Outstanding		40,878,224
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s Proxy Statement to be filed pursuant to Regulation 14A are incorporated herein by reference into Part III.
Document Annual Report	true
Document Transition Report	false
Entity Central Index Key	0000811589
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	BDO USA, LLP
Auditor Location	Raleigh, North Carolina
Auditor Firm ID	243

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks, noninterest-bearing	$ 101,133	$ 128,228
Due from banks, interest-bearing	169,185	332,934
Total cash and cash equivalents	270,318	461,162
Securities available for sale	2,314,493	2,630,414
Securities held to maturity (fair values of $432,528 in 2022 and $511,699 in 2021)	541,700	513,825
Presold mortgages in process of settlement	1,282	19,257
SBA and other loans held for sale	0	61,003
Loans	6,665,145	6,081,715
Allowance for credit losses on loans	(90,967)	(78,789)
Net loans	6,574,178	6,002,926
Premises and equipment	134,187	136,092
Operating right-of-use lease assets	18,733	20,719
Accrued interest receivable	29,710	25,896
Goodwill	364,263	364,263
Other intangible assets	12,675	17,827
Foreclosed properties	658	3,071
Bank-owned life insurance	164,592	165,786
Other assets	198,260	86,660
Total assets	10,625,049	10,508,901
Liabilities
Deposits: Noninterest-bearing deposits	3,566,003	3,348,622
Interest-bearing deposits	5,661,526	5,776,007
Total deposits	9,227,529	9,124,629
Borrowings	287,507	67,386
Accrued interest payable	2,738	607
Operating lease liabilities	19,391	21,192
Other liabilities	56,288	64,512
Total liabilities	9,593,453	9,278,326
Commitments and contingencies (see Note 12)
Shareholders’ Equity
Preferred stock	0	0
Common stock	725,153	722,671
Retained earnings	648,418	532,874
Stock in rabbi trust assumed in acquisition	(1,585)	(1,803)
Rabbi trust obligation	1,585	1,803
Accumulated other comprehensive loss	(341,975)	(24,970)
Total shareholders’ equity	1,031,596	1,230,575
Total liabilities and shareholders’ equity	$ 10,625,049	$ 10,508,901

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities held to maturity fair values	$ 432,528	$ 511,699
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	35,704,154	35,629,177
Common stock, shares outstanding (in shares)	35,704,154	35,629,177

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest Income
Interest and fees on loans	$ 278,027	$ 219,013	$ 213,099
Interest on investment securities:
Taxable interest income	53,536	32,076	20,429
Tax-exempt interest income	4,387	2,402	725
Other, principally overnight investments	5,007	2,427	3,431
Total interest income	340,957	255,918	237,684
Interest Expense
Interest on deposits	11,349	7,881	16,301
Interest on borrowings	4,754	1,642	3,261
Total interest expense	16,103	9,523	19,562
Net interest income	324,854	246,395	218,122
Provision for loan losses	12,600	9,611	35,039
(Reversal of) provision for unfunded commitments	(200)	5,420	0
Total provision for credit losses	12,400	15,031	35,039
Net interest income after provision for credit losses	312,454	231,364	183,083
Noninterest Income
Service charges on deposit accounts	15,523	12,317	11,098
Other service charges, commissions and fees	26,294	25,516	20,097
Fees from presold mortgage loans	2,102	10,975	14,183
Commissions from sales of insurance and financial products	5,195	6,947	8,848
SBA consulting fees	2,608	7,231	8,644
SBA loan sale gains	5,076	7,329	7,973
Bank-owned life insurance income	3,847	2,885	2,533
Securities (losses) gains, net	0	(1,237)	8,024
Other gains (losses), net	7,340	1,648	(54)
Total noninterest income	67,985	73,611	81,346
Noninterest Expense
Salaries	96,321	86,815	84,941
Employee benefits	21,397	16,434	16,027
Total personnel expense	117,718	103,249	100,968
Occupancy expense	12,796	11,528	11,278
Equipment related expenses	5,808	4,492	4,285
Merger and acquisition expenses	5,072	16,845	0
Intangibles amortization	3,684	3,531	3,956
Foreclosed property (gains) losses, net	(372)	24	547
Other operating expenses	50,514	44,987	40,264
Total noninterest expense	195,220	184,656	161,298
Income before income taxes	185,219	120,319	103,131
Income tax expense	38,283	24,675	21,654
Net income	$ 146,936	$ 95,644	$ 81,477
Earnings per common share: Basic (in usd per shares)	$ 4.12	$ 3.19	$ 2.81
Earnings per common share: Diluted (in usd per share)	4.12	3.19	2.81
Dividends declared per common share (in usd per shares)	$ 0.88	$ 0.80	$ 0.72
Weighted average common shares outstanding:
Basic (in shares)	35,485,620	29,876,151	28,839,866
Diluted (in shares)	35,674,730	30,027,785	28,981,567

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 146,936	$ 95,644	$ 81,477
Unrealized (losses) gains on securities available for sale:
Unrealized holding (losses) gains arising during the period, pretax	(411,996)	(53,752)	18,729
Tax benefit (expense)	94,677	12,352	(4,304)
Reclassification to realized losses (gains)	0	1,237	(8,024)
Tax (benefit) expense	0	(284)	1,844
Postretirement plans:
Net gain arising during period	695	872	589
Tax expense	(159)	(201)	(135)
Amortization of unrecognized net actuarial (gain) loss	(288)	592	686
Tax expense (benefit)	66	(136)	(158)
Other comprehensive (loss) income	(317,005)	(39,320)	9,227
Comprehensive (loss) income	$ (170,069)	$ 56,324	$ 90,704

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Stock in rabbi trust assumed in acquisition	Rabbi trust obligation	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2019			29,601,000
Beginning balance at Dec. 31, 2019	$ 852,401		$ 429,514	$ 417,764		$ (2,587)	$ 2,587	$ 5,123
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	81,477			81,477
Cash dividends declared	(20,752)			(20,752)
Change in Rabbi Trust Obligation	0					344	(344)
Equity issued related to acquisition (in shares)			24,000
Equity issued pursuant to acquisition			$ 494
Stock repurchases (in shares)			(1,117,000)
Stock repurchases			$ (31,868)
Stock withheld for payment of taxes (in shares)			(11,000)
Stock withheld for payment of taxes	(307)		$ (307)
Stock-based compensation (in shares)			82,000
Stock-based compensation	2,749		$ 2,749
Other comprehensive income (loss)	9,227							9,227
Ending balance (in shares) at Dec. 31, 2020			28,579,000
Ending balance at Dec. 31, 2020	$ 893,421	$ (17,051)	$ 400,582	478,489	$ (17,051)	(2,243)	2,243	14,350
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Net income	$ 95,644			95,644
Cash dividends declared	(24,208)			(24,208)
Change in Rabbi Trust Obligation	0					440	(440)
Equity issued related to acquisition (in shares)			7,070,000
Equity issued pursuant to acquisition	324,389		$ 324,389
Stock repurchases (in shares)			(107,000)
Stock repurchases	(4,036)		$ (4,036)
Stock withheld for payment of taxes (in shares)			(18,000)
Stock withheld for payment of taxes	(786)		$ (786)
Stock-based compensation (in shares)			105,000
Stock-based compensation	2,522		$ 2,522
Other comprehensive income (loss)	$ (39,320)							(39,320)
Ending balance (in shares) at Dec. 31, 2021	35,629,177		35,629,000
Ending balance at Dec. 31, 2021	$ 1,230,575		$ 722,671	532,874		(1,803)	1,803	(24,970)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	146,936			146,936
Cash dividends declared	(31,392)			(31,392)
Change in Rabbi Trust Obligation	0					218	(218)
Stock withheld for payment of taxes (in shares)			(25,000)
Stock withheld for payment of taxes	(840)		$ (840)
Stock-based compensation (in shares)			100,000
Stock-based compensation	3,322		$ 3,322
Other comprehensive income (loss)	$ (317,005)							(317,005)
Ending balance (in shares) at Dec. 31, 2022	35,704,154		35,704,000
Ending balance at Dec. 31, 2022	$ 1,031,596		$ 725,153	$ 648,418		$ (1,585)	$ 1,585	$ (341,975)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in usd per shares)	$ 0.88	$ 0.80	$ 0.72

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows From Operating Activities
Net income	$ 146,936	$ 95,644	$ 81,477
Reconciliation of net income to net cash provided by operating activities:
Provision for credit losses	12,400	15,031	35,039
Net security premium amortization	12,005	14,058	5,019
Deferred tax benefit	(1,810)	(4,800)	(10,007)
Loan discount accretion	(5,622)	(8,814)	(6,328)
Other purchase accounting accretion and amortization, net	(340)	(47)	81
Foreclosed property (gains) losses/write-downs, net	(372)	24	547
Losses (gains) on securities available for sale	0	1,237	(8,024)
Other (gains) losses	(4,069)	(1,648)	54
Bank-owned life insurance income	(3,847)	(2,885)	(2,533)
(Decrease) increase in net deferred loan fees	(301)	(1,994)	5,639
Depreciation of premises and equipment	6,859	6,187	5,838
Amortization of operating lease right-of-use assets	1,986	1,937	2,012
Repayments of lease obligations	(1,801)	(1,814)	(1,844)
Stock-based compensation expense	2,982	2,268	2,540
Amortization of intangible assets	3,684	3,531	3,956
Amortization of SBA servicing assets	2,800	2,272	1,795
Fees/gains from sales of presold mortgages and SBA loans	(7,178)	(18,304)	(22,156)
Originations of presold mortgage loans in process of settlement	(104,596)	(326,019)	(418,394)
Proceeds from sales of presold mortgage loans in process of settlement	124,181	359,300	410,898
Origination of SBA loans for sale	(74,452)	(88,304)	(147,934)
Proceeds from sales of SBA loans	119,549	79,125	115,460
Increase in accrued interest receivable	(3,814)	(773)	(3,624)
Decrease in other assets	11,352	17,412	267
Increase (decrease) in accrued interest payable	2,131	(683)	(1,250)
(Decrease) increase in other liabilities	(8,009)	394	9,805
Net cash provided by operating activities	230,654	142,335	58,333
Cash Flows From Investing Activities
Purchases of securities available for sale	(354,765)	(1,572,355)	(1,060,054)
Purchases of securities held to maturity	(39,004)	(271,169)	(133,611)
Proceeds from maturities/issuer calls of securities available for sale	251,314	358,259	223,842
Proceeds from maturities/issuer calls of securities held to maturity	6,500	13,642	33,030
Proceeds from sales of securities available for sale	0	106,484	219,697
(Purchases) redemptions of FRB and FHLB stock, net	(17,244)	2,043	9,851
Purchases of bank owned life insurance	0	(25,000)	0
Proceeds from bank owned life insurance death benefits	8,312	0	0
Purchases of other investments	(7,990)	(3,434)	(1,258)
Net increase in loans	(558,398)	(97,559)	(233,788)
Proceeds from sales of foreclosed properties	2,904	3,995	2,485
Purchases of premises and equipment	(5,287)	(9,402)	(12,363)
Proceeds from sales of premises and equipment	299	313	189
Net cash received (paid) in acquisition activities	0	208,992	(9,559)
Net cash received in disposition activities	0	11,314	0
Net cash used by investing activities	(713,359)	(1,273,877)	(961,539)
Cash Flows From Financing Activities
Net increase in deposits	103,494	1,258,193	1,342,340
Net increase (decrease) in short-term borrowings	220,000	0	(198,000)
Proceeds from long-term borrowings	0	0	150,000
Payments on long-term borrowings	(133)	(5,729)	(202,035)
Cash dividends paid – common stock	(30,660)	(22,228)	(20,936)
Repurchases of common stock	0	(4,036)	(31,868)
Payment of taxes related to stock withheld	(840)	(786)	(307)
Net cash provided by financing activities	291,861	1,225,414	1,039,194
(Decrease) increase in Cash and Cash Equivalents	(190,844)	93,872	135,988
Cash and Cash Equivalents, Beginning of Year	461,162	367,290	231,302
Cash and Cash Equivalents, End of Year	270,318	461,162	367,290
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	14,312	10,206	20,812
Cash paid during the period for income taxes	39,722	32,506	29,604
Non-cash:  Foreclosed loans transferred to foreclosed real estate	119	2,285	1,583
Non-cash:  Unrealized (loss) gain on securities available for sale, net of taxes	(317,319)	(41,400)	14,425
Non-cash:  Accrued dividends at period end	7,857	7,125	5,144
Non-cash: Initial recognition of operating lease right-of-use assets and liabilities	0	2,191	253
Non-cash: Derecognition of intangible assets related to sale of insurance operations	$ 0	$ (10,229)	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation - The consolidated financial statements include the accounts of First Bancorp (the “Company”) and its wholly owned subsidiary First Bank (the “Bank”). The Bank has three wholly owned subsidiaries that are fully consolidated, SBA Complete, Inc. (“SBA Complete”), Magnolia Financial, Inc. ("Magnolia Financial"), and First Troy SPE, LLC. The Company is a bank holding company. The principal activity of the Company is the ownership and operation of the Bank, a state chartered bank with its main office in Southern Pines, North Carolina. SBA Complete specializes in providing consulting services for financial institutions across the country related to Small Business Administration (“SBA”) loan origination and servicing. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. First Troy SPE, LLC was formed in order to hold and dispose of certain real estate foreclosed upon by the Bank. The Company is also the parent company for a series of statutory trusts that were formed for the purpose of issuing trust preferred debt securities. The trusts are not consolidated for financial reporting purposes as they are variable interest entities and the Company is not the primary beneficiary. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to the 2021 and 2020 consolidated financial statements to be comparable to 2022. These reclassifications had no effect on net income. Subsequent events have been evaluated through the date of filing this Annual Report Form 10-K. The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates made by the Company in the preparation of its consolidated financial statements are the determination of the allowance for credit losses on loans, the allowance for credit losses on unfunded commitments, the accounting and impairment testing related to intangible assets, and the fair value and discount accretion of acquired loans. Business Combinations – The Company accounts for business combinations using the acquisition method of accounting. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Under this method, all identifiable assets acquired, including purchased loans, and liabilities assumed are recorded at fair value. The Company typically issues common stock and/or pays cash for an acquisition, depending on the terms of the acquisition agreement. The value of common shares issued is determined based on the market price of the stock as of the closing of the acquisition. Cash and Cash Equivalents - The Company considers all highly liquid assets with original maturities of 90 days or less, such as cash on hand, noninterest-bearing and interest-bearing amounts due from banks and federal funds sold, to be “cash equivalents.” Securities - Debt securities that the Company has the positive intent and ability to hold to maturity are classified as “held to maturity” ("HTM") and carried at amortized cost. Debt securities not classified as held to maturity are classified as “available for sale” ("AFS") and carried at fair value, with unrealized holding gains and losses being reported as other comprehensive income or loss and reported as a separate component of shareholders’ equity. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts are generally amortized and accreted into income on a level yield basis, with premiums being amortized to the earliest call date and discounts being accreted to the stated maturity date. Gains and losses on sales of securities are recognized at the time of sale based upon the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on nonaccrual is reversed against interest income. Allowance for Credit Losses ("ACL") - Securities Held to Maturity - Since its adoption of ASC 326 ("CECL"), the Company measures expected credit losses on HTM debt securities on a pooled basis. The estimate of expected credit losses is primarily based on the ratings assigned to the securities by debt rating agencies and the average of the annual historical loss rates associated with those ratings. The Company then multiplies those loss rates, as adjusted for any modifications to reflect current conditions and reasonable and supportable forecasts as considered necessary, by the remaining lives of each individual security to arrive at a lifetime expected loss amount. The CECL assumptions, including reasonable and supportable forecast periods, reversion method, and prepayments as applicable, are consistent with those utilized for the ACL on loans as discussed further below. Virtually all of the mortgage-backed securities held by the Company are issued by government-sponsored enterprises. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Substantially all of the state and local government securities held by the Company are highly rated by major rating agencies. Accrued interest receivable Allowance for Credit Losses - Securities Available for Sale - For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or if it is more likely than not that it will be required to sell the security before recovery of the amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income with the establishment of an allowance under CECL. For debt securities AFS that do not meet the aforementioned criteria, the Company evaluates whether any decline in fair value is due to credit loss factors. In making this assessment, management considers any changes to the rating of the security by a rating agency and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the ACL under CECL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable Presold Mortgages in Process of Settlement - As a part of normal business operations, the Company originates residential mortgage loans that have been pre-approved by secondary investors to be sold on a best efforts basis. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the funding of the loan by the Company. Generally within three weeks after funding, the loans are transferred to the investor in accordance with the agreed-upon terms. The Company records gains from the sale of these loans on the settlement date of the sale equal to the difference between the proceeds received and the carrying amount of the loan. Additionally, the Company records gains for loans in the process of closing, based on the changes in fair value of the loans and related commitments. Between the initial funding of the loans by the Company and the subsequent reimbursement by the investors, the Company carries the loans on its balance sheet at fair value. SBA and Other Loans Held for Sale - SBA loans included in this line item represent the guaranteed portion of SBA loans that the Company intends to sell in the near future. These loans are carried at the lower of cost or market as determined on an individual loan basis. There were no SBA loans held for sale at December 31, 2022 and there were $9.6 million in SBA loans held for sale at December 31, 2021. Also included in the balance at December 31, 2021 was $51.4 million of loans assumed in the Company's acquisition of Select Bancorp, Inc. ("Select") that were designated for sale as not aligning with the Company's strategy or markets. The loans were carried at the the lower of cost or market and the disposition of these loans was completed in the first quarter of 2022 at a price that approximated the carrying value. Loans - Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred fees and costs. Accrued interest origination fees, net of certain direct origination costs, are deferred and recognized in interest income using methods that approximate a level yield without anticipating prepayments. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured. Purchased Financial Assets with Credit Deterioration ("PCD") - Subsequent to the Company's adoption of CECL on January 1, 2021, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. In determining whether an acquired loan is a PCD loan, the Company considers internal loan grades, delinquency status, and other relevant factors. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Subsequent to initial recognition, PCD loans are subject to the same interest income recognition and impairment model as non-PCD loans, with changes to the ACL recorded through provision expense. All loans and leases considered to be purchased credit impaired ("PCI") prior to January 1, 2021 under prior accounting guidance were converted to PCD on that date. Allowance for Credit Losses - Loans - The ACL is an estimate that is deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial assets. The level of the allowance is determined under the CECL methodology and includes management's evaluation of historical default and loss experience, current and projected economic conditions, asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers' ability to repay a loan (including the timing of future payments), the estimated value of any underlying collateral, composition of the loan portfolio, and other pertinent factors. Credit losses are estimated on the amortized cost basis of loans, which includes the principal balance outstanding, purchase discounts and premiums, and deferred loan fees and costs. Accrued interest receivable is presented separately on the consolidated balance sheets and excluded from the estimate of credit losses. Loans are charged off when the Company determines that such financial assets are deemed uncollectible. The ACL is increased through provision for loan losses and decreased by charge-offs, net of recoveries of amounts previously charged-off. The ACL is measured on a collective basis for pools of loans with similar risk characteristics. The Discounted Cash Flow (“DCF”) method is utilized for substantially all pools, with discounted cash flows computed for each loan in a pool based on its individual characteristics (e.g. maturity date, payment amount, interest rate, etc.), and the results are aggregated at the pool level. A probability of default and loss given default, as adjusted for recoveries, are applied to the discounted cash flows for each pool, while considering prepayment and principal curtailment assumptions driven by each loan's collateral type. When the DCF method is used to determine the ACL, management adjusts the effective interest rate used to discount expected cash flows to incorporate expected prepayments. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The Company has identified the following primary pools for measuring expected credit losses. There are additional sub-segmentations within each pool, including risk categories. • Owner occupied commercial real estate loans - Owner occupied commercial real estate mortgage loans are secured by commercial office buildings, industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. For such loans, repayment is largely dependent upon the operation of the borrower's business. • Non-owner occupied commercial real estate loans - These loans represent investment real estate loans secured by office buildings, industrial buildings, warehouses, retail buildings, and multifamily residential housing. Repayment is primarily dependent on lease income generated from the underlying collateral. • Consumer real estate mortgage loans - Consumer real estate mortgage consists primarily of loans secured by 1-4 family residential properties, including home equity lines of credit. Repayment is primarily dependent on the personal cash flow of the borrower and may be affected by changes in general economic conditions. • Construction and land development loans - Construction and land development loans include loans where the repayment is dependent on the successful completion and eventual sale, refinance or operation of the related real estate project and are thus impacted by market demand and real estate valuations. Construction and land development loans include 1-4 family construction projects and commercial construction projects. • Commercial and industrial loans - Commercial and industrial loans include loans to business enterprises issued for commercial, industrial and/or other professional purposes. These loans are generally secured by equipment, inventory, and accounts receivable of the borrower and repayment is primarily dependent on business cash flows. • Consumer and other loans - Consumer and other loans include all loans issued to individuals not included in the consumer real estate mortgage classification, including automobile loans, consumer credit cards and loans to finance education, among others. Many consumer loans are unsecured and repayment is primarily dependent on the personal cash flow of the borrower which may be impacted by changes in economic conditions and unemployment . In determining the proper level of default rates and loss given default, management has determined that the loss experience of the Company provides the best basis for its assessment of expected credit losses. It therefore utilizes its own historical credit loss experience by each loan segment over an economic cycle, while excluding loss experience from certain acquired institutions (i.e., failed banks). Management considers forward-looking information in estimating expected credit losses. For substantially all segments of collectively evaluated loans, the Company incorporates two or more macroeconomic drivers using a statistical regression modeling methodology. The Company subscribes to a third-party service which provides a quarterly macroeconomic baseline forecast and alternative scenarios for the United States economy. The baseline forecast, which incorporates an equal probability of the United States economy performing better or worse than the projection, along with the alternative scenarios, are evaluated by management to determine the best estimate within the range of expected credit losses. Management has also evaluated the appropriateness of the reasonable and supportable forecast scenarios utilized for each period and has made adjustments as needed. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to the long-term mean of historical factors over 12 quarters using a straight-line approach. The Company generally utilizes a four-quarter forecast and a 12-quarter reversion period to the long-term average, which is then held static for the remainder of the forecast period. Included in its systematic methodology to determine its ACL on loans, management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process. These qualitative adjustments either increase or decrease the quantitative model estimation (i.e., formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework that includes the following: 1) changes in lending policies, procedures, and strategies, 2) changes in the nature and volume of the portfolio, 3) staff experience, 4) changes in volume and trends in classified loans, delinquencies, and nonaccrual loans, 5) concentration risk, 6) trends in underlying collateral value, 7) external factors, including competition and legal and regulatory factors, 8) changes in the quality of the Company's loan review system, and 9) economic conditions not already captured. Allowance for Credit Losses - Off-Balance Sheet Credit Exposure - The Company estimates expected credit losses on commitments to extend credit over the contractual period in which the Company is exposed to credit risk on the underlying commitments, unless the obligation is unconditionally cancellable by the Company. The allowance for off-balance sheet credit exposures, which is reflected within "Other Liabilities," is adjusted for as an increase or decrease to the provision for credit losses for unfunded commitments. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The allowance is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Troubled Debt Restructurings ("TDR") - A loan for which the terms have been modified resulting in a more than insignificant concession, and for which the borrower is experiencing financial difficulties, is generally considered to be a TDR. The allowance for credit loss on a TDR is measured using the same method as all other loans held for investment, except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring. SBA Loans – Through its SBA Lending Division, the Company offers loans guaranteed by the SBA for the purchase of businesses, business startups, business expansion, equipment, and working capital. All SBA loans are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. The portion of SBA loans originated that are guaranteed and intended for sale on the secondary market are classified as held for sale and are carried at the lower of cost or fair value. The Company generally sells the guaranteed portion of the SBA loan as soon as it is eligible to be sold and retains the servicing right. When the guaranteed portion of an SBA loan is sold, the Company allocates the carrying basis of the loan between the guaranteed portion of the loan sold, the unguaranteed portion of the loans retained, and the servicing asset based on their relative fair values. A gain is recorded for the difference between the proceeds received from the sale and the basis allocated to the sold portion. The relative fair value allocation results in a discount that is recorded on the unguaranteed portion of the loan that is retained. The discount is amortized as a yield adjustment over the life of the loan, so long as the loan performs. In the event the loan is moved to nonaccrual status or transfer to foreclosed properties or liquidation of the loan, the remaining discount is amortized, along with any remaining servicing asset and deferred loan costs. SBA Servicing Assets - When the Company sells the guaranteed portion of an SBA loan, the Company continues to perform the servicing on the loan and collects a fee related to the sold portion of the loan. A SBA servicing asset is recorded for the fair value of that fee based on an analysis of discounted cash flows that incorporates estimates of (1) market servicing costs, (2) market-based prepayment rates, and (3) market profit margins. SBA servicing assets are included in “Other intangible assets” on the consolidated balance sheets. SBA servicing assets are initially recorded at fair value and amortized against income over the lives of the related loans as a reduction of servicing fee income, generally five years. SBA servicing assets are tested for impairment on a quarterly basis by comparing their estimated fair values, aggregated by year of origination, to the related carrying values. Changes in observable market data relating to market interest rates, loan prepayment speeds, and other factors, could result in impairment or reversal of impairment of these servicing assets and, as such, impact the Company's financial condition and results of operations. Transfers of Financial Assets - Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over financial assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Premises and Equipment - Premises and equipment are stated at cost less accumulated depreciation. Depreciation, computed by the straight-line method, is charged to operations over the estimated useful lives of the properties or, in the case of leasehold improvements, over the term of the lease, if shorter. Land is carried at cost. Maintenance and repairs are charged to operations in the year incurred. Gains and losses on dispositions are included in current operations. Goodwill and Other Intangible Assets - Business combinations are accounted for using the acquisition method of accounting. Identifiable intangible assets are recognized separately and are amortized over their estimated useful lives, which for the Company has generally been five Foreclosed Properties - Foreclosed properties consists primarily of real estate acquired by the Company through legal foreclosure or deed in lieu of foreclosure. The property is initially carried at the lower of cost or the estimated fair value of the property less estimated selling costs. If there are subsequent declines in fair value, which is reviewed routinely by management, the property is written down to its fair value through a charge to expense. Capital expenditures made to improve the property are capitalized. Costs of holding real estate, such as property taxes, insurance, and maintenance, less related revenues during the holding period, are recorded as expense as they are incurred. Bank-Owned Life Insurance – The Company has purchased life insurance policies on certain current and past key employees and directors where the insurance policy benefits and ownership are retained by the employer. These policies are recorded at their cash surrender value. Income from these policies and changes in the net cash surrender value are recorded within noninterest income as “Bank-owned life insurance income.” Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are not expected to be realized based upon available evidence. Other Investments – The Company accounts for its investments in limited partnerships and limited liability companies (“LLCs”) using the equity method of accounting if the percentage ownership and degree of management influence in the investments warrants such accounting treatment. Under the equity method of accounting, the Company records its initial investment at cost. Subsequently, the carrying amount of the investment is increased or decreased to reflect the Company’s share of income or loss of the investee. The Company’s recognition of earnings or losses from an equity method investment is based on the Company’s ownership percentage in the investee and the investee’s earnings on a quarterly basis. The investees generally provide their financial information during the quarter following the end of a given period. The Company’s policy is to record its share of earnings or losses on equity method investments in the quarter the financial information is received. All of the Company’s investments in limited partnerships and LLCs and their market values are not readily available. The Company’s management evaluates its investments in investees for impairment based on the investee’s ability to generate cash through its operations or obtain alternative financing, and other subjective factors. There are inherent risks associated with the Company’s investments in such companies, which may result in income statement volatility in future periods. At December 31, 2022 and 2021, the Company’s investments in limited partnerships and LLCs totaled $18.5 million and $11.3 million, respectively, and are included in "Other assets". Federal Home Loan Bank ("FHLB") Stock - The Company is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors. FHLB stock is carried at cost and is recorded in "Other assets". Cash dividends are reported as income. Federal Reserve Bank ("Federal Reserve") Stock - The Company is a member of its regional Federal Reserve and is required to own stock based on its level of capital. Federal Reserve stock is carried at cost and is recorded in "Other assets." Cash dividends are reported as income. Loan Commitments and Related Financial Instruments - Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Stock-Based Compensation - Restricted stock awards are the primary form of equity grant utilized by the Company. Compensation cost is based on the fair value of the award, which is the closing price of the Company's common stock on the date of the grant. Restricted stock awards issued by the Company typically have vesting periods with service conditions. Compensation cost is recognized as expense over the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period. Because of the insignificant amount of forfeitures the Company has experienced, forfeitures are recognized as they occur. Earnings Per Share Amounts - Basic Earnings Per Common Share is calculated by dividing net income, less income allocated to participating securities, by the weighted average number of common shares outstanding during the period, excluding unvested shares of restricted stock. For the Company, participating securities are comprised of unvested shares of restricted stock. Diluted Earnings Per Common Share is computed by assuming the issuance of common shares for all potentially dilutive common shares outstanding during the reporting period. For the periods presented, the Company’s potentially dilutive common stock issuances related to unvested shares of restricted stock and contingently issuable shares. If any of the potentially dilutive common stock issuances have an anti-dilutive effect, the potentially dilutive common stock issuance is disregarded. Fair Value of Financial Instruments - Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument, as more fully described in Note 13. Because no highly liquid market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on 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. Significant assets and liabilities that are not considered financial assets or liabilities include net premises and equipment, intangible assets and other assets such as deferred income taxes, prepa

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2022
Business Combinations And Discontinued Operations And Disposal Groups [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions GrandSouth Acquisition On January 1, 2023, the Company completed its acquisition of GrandSouth Bancorporation ("GrandSouth"), in an all-stock transaction pursuant to the previously announced Agreement and Plan of Merger and Reorganization ("the Merger Agreement"), dated June 21, 2022, between the Company and GrandSouth. At the closing of the transaction, GrandSouth merged into the Company. Following the merger of the Company and GrandSouth, GrandSouth Bank, a wholly-owned subsidiary of GrandSouth, merged into the Bank with the Bank being the surviving entity. Pursuant to the Merger Agreement, each share of common and preferred stock of GrandSouth issued and outstanding immediately prior to the effective time of the acquisition was converted into 0.91 shares of the Company's common stock. As a result, the Company issued 5,032,834 shares of the Company common stock effective January 1, 2023. In addition, approximately 596,000 GrandSouth common stock options were converted to options to acquire 0.91 shares of the Company's common stock with an average exercise price of approximately $18.22. The consideration transferred at the close of the transaction was approximately $226.9 million. Effective with the transaction close, eight branches in South Carolina were added to the Company's branch network. Immediately prior to the completion of the acquisition, at December 31, 2021, GrandSouth Bank reported total assets of $1.2 billion, total loans of $1.0 billion, and total deposits of $1.1 billion on a Call Report filed with federal banking regulators. The acquisition accomplished the Company's strategic initiative to expand its presence in South Carolina, specifically in the the high-growth markets of the state including Greenville, Charleston and Columbia. Significant synergies are anticipated to be gained from the acquisition, with asset growth and revenue enhancement opportunities from the new markets and expanded customer base. Accordingly, the Company anticipates recognizing goodwill in the transaction related primarily to the reasons noted, as well as the positive earnings of GrandSouth. It is anticipated that the goodwill which will result from this transaction will be non-deductible for tax purposes. Given that the initial purchase accounting for the acquisition in accordance with GAAP for this business combination is not yet completed, the Company is not yet able to disclose the preliminary fair value of the GrandSouth assets acquired and liabilities assumed. Select Acquisition On October 15, 2021, the Company completed the acquisition of Select, headquartered in Dunn, North Carolina, pursuant to an Agreement and Plan of Merger and Reorganization dated June 1, 2021. Select's subsidiary, Select Bank & Trust, was merged into the Bank. The results of the Select acquisition are included in the Company’s results beginning on the October 15, 2021 acquisition date. The Company exchanged 0.408 shares of its common stock for each share of Select common stock. Additionally, all holders of Select stock options were paid cash for the difference between the exercise price of each option and the cash out value of $18.00 per option. The acquisition resulted in the Company issuing 7,070,371 shares of common stock with a fair value $324.4 million and paying $1.4 million in cash related to the stock options, for total consideration of $325.8 million in exchange for 100% of the outstanding stock of Select. Select operated 22 branches located in North Carolina, South Carolina, and Virginia. The acquisition complemented several of the Company’s high-growth markets and increased its market share in others with facilities, operations, and experienced staff already in place. Accordingly, there were significant synergies to be gained from the acquisition and the Company recognized the goodwill in the transaction related primarily to the reasons just noted, as well as the positive earnings of Select. This transaction was accounted for using the acquisition method of accounting for business combinations, and accordingly, the assets acquired, intangible assets identified, and liabilities assumed of Select were recorded based on estimates of fair values as of October 15, 2021. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions, and other future events that are highly subjective in nature and subject to change. Estimated fair values were based on management’s best estimates, using the information available at the date of acquisition, including the use of third-party valuation specialists. As of December 31, 2021, management has finalized the valuations of all acquired assets and liabilities assumed in the Select acquisition. The following table summarizes the estimated fair value of acquired assets, identified intangible assets, and liabilities assumed as of October 15, 2021. Following the table is a discussion of valuation approaches utilized in estimated the fair values in accordance with ASC 850-10. The $132.4 million in goodwill that resulted from this transaction is non-deductible for tax purposes. ($ in thousands) Fair Value Estimate Assets acquired: Cash and cash equivalents $ 210,422 Securities available for sale 226,228 Loans held for sale 51,779 Loans 1,230,107 Premises and equipment 21,509 Core deposit intangible 9,170 Operating right-of-use lease assets 4,649 Other assets 61,020 Total 1,814,884 Liabilities assumed: Deposits 1,593,135 Borrowings 11,038 Other liabilities 17,248 Total 1,621,421 Net identifiable assets acquired 193,463 Less: Total consideration 325,819 Goodwill recorded related to acquisition of Select $ 132,356 The following is a description of the methods used to determine the fair values of significant assets acquired and liabilities assumed included in the table above. Cash and due from banks, and interest-bearing deposits with banks : The carrying amount of these assets was a reasonable estimate of fair value based on the short-term nature of these assets. Securities available for sale : Fair value of securities was measured based on quoted market prices, where available. If a quoted market price was not available, fair value was estimated using quoted market prices for similar securities and adjusted for differences between the quoted instrument and the instrument being valued. Loans held for sale: The valuation of loans held for sale reflected quotes or bids on these loans directly from the prospective buyers of the pools. Loans: Fair value of loans acquired was based on a discounted cash flow methodology that considered factors including loan type and related collateral, classification status, remaining term of the loan, fixed or variable interest rate, amortization status, and current discount rates. Expected cash flows were derived using inputs consistent with management's assessment of credit risk for allowance measurement, including estimated future credit losses and estimated prepayments. A total fair value mark of $19.3 million was recorded. PCD loans were determined based primarily on internal grades and delinquency status. The Company reclassified from the fair value mark to ACL a "Day 1" allowance of $4.9 million resulting from PCD loans. The following table presents additional information related to the acquired loan portfolio at the acquisition date: ($ in thousands) October 15, 2021 PCD Loans: Par value $ 111,835 Allowance for credit losses (4,895) Non-credit discount (1,251) Purchase price $ 105,689 Non-PCD Loans: Fair Value $ 1,124,418 Gross contractual amounts receivable 1,134,879 Estimate of contractual cash flows not expected to be collected 13,257 Premises: Land and buildings held for use were valued at appraised values, which reflect considerations of recent disposition values for similar property types with adjustments for characteristics of individual properties. Locations held for sale are valued at appraised values which also reference recent disposition values for similar property types but also considers marketability discounts for vacant properties. The valuations of locations held for sale are reduced by estimated costs to sell. Lease Assets and Lease Liabilities : Lease assets and lease liabilities were measured using a methodology that involved estimating the future lease payments over the remaining lease term with discounting using a discount rate. The lease term was determined for individual leases based on management's assessment of the probability of exercising existing renewal options. Intangible assets: Core deposit intangible ("CDI") asset represents the value of the relationships with deposit customers. The fair value for the core deposit intangible asset was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of deposit base, net maintenance cost attributable to customer deposits and an estimate of the cost associated with alternative funding sources. The discount rates used for CDI assets are based on market rates. The CDI is being amortized over 10 years utilizing an accelerated method, which results in a weighted-average amortization period of approximately 41 months. Deposits : The fair values used for the demand and savings deposits by definition equal the amount payable on demand at the acquisition date. Fair values for time deposits were estimated using a discounted cash flow analysis applying interest rates currently offered to the contractual interest rates on such time deposits. Borrowings : The fair values of long-term debt instruments were estimated based on quoted market prices for instrument if available, or for similar instruments if not available. Supplemental Pro Forma Financial Information The following table presents certain pro forma information as if Select had been acquired on January 1, 2020. These results combine the historical results of Select with the Company’s results and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2020. Merger-related costs related to this acquisition of $16.8 million were recorded by the Company during 2021 and $0.8 million of merger-related costs incurred by Select in 2021 prior to the acquisition were excluded from the pro forma information below. In addition, no adjustments have been made to such pro forma information to eliminate the provision for loan losses recorded by Select in the amount of $6.2 million for 2020 and a negative provision for loan losses recorded by Select of $1.3 million recorded in 2021 prior the acquisition. Pro forma information for the year 2021 was adjusted to eliminate the following: 1) the non-PCD provision for loan losses recorded on the acquisition date of $14.1 million and 2) the initial recording of a provision for credit losses associated with Select’s unfunded commitments of $3.9 million. If the Select acquisition had occurred at the beginning of 2020, the acquisition date credit loss reserve amounts would have been included in the fair value measurements of Select and been included in the goodwill calculation. Expenses related to systems conversions and other costs of integration were recorded during 2022. The Company expects to achieve further operating cost savings and other business synergies as a result of the acquisition. The following table also discloses the impact of the acquisition of Select from the acquisition date of October 15, 2021 through December 31, 2021. These amounts are included in the Company’s consolidated financial statements as of and for the year ended December 31, 2021. Merger-related costs have been excluded from these amounts and the provisions for credit loss amounts associated with non-PCD loans and unfunded commitments that were discussed above have also been excluded. ($ in thousands, unaudited) Revenue Net Income Year Ended December 31, 2021 Actual Select results included in statement of income since acquisition date $ 15,175 $ 8,813 Supplemental consolidated pro forma as if Select had been acquired on January 1, 2020 380,241 143,882 Year Ended December 31, 2020 Supplemental consolidated pro forma as if Select had been acquired on January 1, 2020 $ 362,654 $ 93,980 First Bank Insurance Services, Inc. Disposition On June 30, 2021, the Company completed the sale of the operations and substantially all of the operating assets of its property and casualty insurance agency subsidiary, First Bank Insurance Services Inc. ("First Bank Insurance"), to Bankers Insurance, LLC for an initial purchase price valued at $13.0 million and a future earn-out payment of up to $1.0 million. Cash received at the time of the sale was $11.3 million. Net assets sold and liabilities transferred amounted to $1.7 million. The Company recorded a gain
Acquisitions and Dispositions	Acquisitions and Dispositions GrandSouth Acquisition On January 1, 2023, the Company completed its acquisition of GrandSouth Bancorporation ("GrandSouth"), in an all-stock transaction pursuant to the previously announced Agreement and Plan of Merger and Reorganization ("the Merger Agreement"), dated June 21, 2022, between the Company and GrandSouth. At the closing of the transaction, GrandSouth merged into the Company. Following the merger of the Company and GrandSouth, GrandSouth Bank, a wholly-owned subsidiary of GrandSouth, merged into the Bank with the Bank being the surviving entity. Pursuant to the Merger Agreement, each share of common and preferred stock of GrandSouth issued and outstanding immediately prior to the effective time of the acquisition was converted into 0.91 shares of the Company's common stock. As a result, the Company issued 5,032,834 shares of the Company common stock effective January 1, 2023. In addition, approximately 596,000 GrandSouth common stock options were converted to options to acquire 0.91 shares of the Company's common stock with an average exercise price of approximately $18.22. The consideration transferred at the close of the transaction was approximately $226.9 million. Effective with the transaction close, eight branches in South Carolina were added to the Company's branch network. Immediately prior to the completion of the acquisition, at December 31, 2021, GrandSouth Bank reported total assets of $1.2 billion, total loans of $1.0 billion, and total deposits of $1.1 billion on a Call Report filed with federal banking regulators. The acquisition accomplished the Company's strategic initiative to expand its presence in South Carolina, specifically in the the high-growth markets of the state including Greenville, Charleston and Columbia. Significant synergies are anticipated to be gained from the acquisition, with asset growth and revenue enhancement opportunities from the new markets and expanded customer base. Accordingly, the Company anticipates recognizing goodwill in the transaction related primarily to the reasons noted, as well as the positive earnings of GrandSouth. It is anticipated that the goodwill which will result from this transaction will be non-deductible for tax purposes. Given that the initial purchase accounting for the acquisition in accordance with GAAP for this business combination is not yet completed, the Company is not yet able to disclose the preliminary fair value of the GrandSouth assets acquired and liabilities assumed. Select Acquisition On October 15, 2021, the Company completed the acquisition of Select, headquartered in Dunn, North Carolina, pursuant to an Agreement and Plan of Merger and Reorganization dated June 1, 2021. Select's subsidiary, Select Bank & Trust, was merged into the Bank. The results of the Select acquisition are included in the Company’s results beginning on the October 15, 2021 acquisition date. The Company exchanged 0.408 shares of its common stock for each share of Select common stock. Additionally, all holders of Select stock options were paid cash for the difference between the exercise price of each option and the cash out value of $18.00 per option. The acquisition resulted in the Company issuing 7,070,371 shares of common stock with a fair value $324.4 million and paying $1.4 million in cash related to the stock options, for total consideration of $325.8 million in exchange for 100% of the outstanding stock of Select. Select operated 22 branches located in North Carolina, South Carolina, and Virginia. The acquisition complemented several of the Company’s high-growth markets and increased its market share in others with facilities, operations, and experienced staff already in place. Accordingly, there were significant synergies to be gained from the acquisition and the Company recognized the goodwill in the transaction related primarily to the reasons just noted, as well as the positive earnings of Select. This transaction was accounted for using the acquisition method of accounting for business combinations, and accordingly, the assets acquired, intangible assets identified, and liabilities assumed of Select were recorded based on estimates of fair values as of October 15, 2021. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions, and other future events that are highly subjective in nature and subject to change. Estimated fair values were based on management’s best estimates, using the information available at the date of acquisition, including the use of third-party valuation specialists. As of December 31, 2021, management has finalized the valuations of all acquired assets and liabilities assumed in the Select acquisition. The following table summarizes the estimated fair value of acquired assets, identified intangible assets, and liabilities assumed as of October 15, 2021. Following the table is a discussion of valuation approaches utilized in estimated the fair values in accordance with ASC 850-10. The $132.4 million in goodwill that resulted from this transaction is non-deductible for tax purposes. ($ in thousands) Fair Value Estimate Assets acquired: Cash and cash equivalents $ 210,422 Securities available for sale 226,228 Loans held for sale 51,779 Loans 1,230,107 Premises and equipment 21,509 Core deposit intangible 9,170 Operating right-of-use lease assets 4,649 Other assets 61,020 Total 1,814,884 Liabilities assumed: Deposits 1,593,135 Borrowings 11,038 Other liabilities 17,248 Total 1,621,421 Net identifiable assets acquired 193,463 Less: Total consideration 325,819 Goodwill recorded related to acquisition of Select $ 132,356 The following is a description of the methods used to determine the fair values of significant assets acquired and liabilities assumed included in the table above. Cash and due from banks, and interest-bearing deposits with banks : The carrying amount of these assets was a reasonable estimate of fair value based on the short-term nature of these assets. Securities available for sale : Fair value of securities was measured based on quoted market prices, where available. If a quoted market price was not available, fair value was estimated using quoted market prices for similar securities and adjusted for differences between the quoted instrument and the instrument being valued. Loans held for sale: The valuation of loans held for sale reflected quotes or bids on these loans directly from the prospective buyers of the pools. Loans: Fair value of loans acquired was based on a discounted cash flow methodology that considered factors including loan type and related collateral, classification status, remaining term of the loan, fixed or variable interest rate, amortization status, and current discount rates. Expected cash flows were derived using inputs consistent with management's assessment of credit risk for allowance measurement, including estimated future credit losses and estimated prepayments. A total fair value mark of $19.3 million was recorded. PCD loans were determined based primarily on internal grades and delinquency status. The Company reclassified from the fair value mark to ACL a "Day 1" allowance of $4.9 million resulting from PCD loans. The following table presents additional information related to the acquired loan portfolio at the acquisition date: ($ in thousands) October 15, 2021 PCD Loans: Par value $ 111,835 Allowance for credit losses (4,895) Non-credit discount (1,251) Purchase price $ 105,689 Non-PCD Loans: Fair Value $ 1,124,418 Gross contractual amounts receivable 1,134,879 Estimate of contractual cash flows not expected to be collected 13,257 Premises: Land and buildings held for use were valued at appraised values, which reflect considerations of recent disposition values for similar property types with adjustments for characteristics of individual properties. Locations held for sale are valued at appraised values which also reference recent disposition values for similar property types but also considers marketability discounts for vacant properties. The valuations of locations held for sale are reduced by estimated costs to sell. Lease Assets and Lease Liabilities : Lease assets and lease liabilities were measured using a methodology that involved estimating the future lease payments over the remaining lease term with discounting using a discount rate. The lease term was determined for individual leases based on management's assessment of the probability of exercising existing renewal options. Intangible assets: Core deposit intangible ("CDI") asset represents the value of the relationships with deposit customers. The fair value for the core deposit intangible asset was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of deposit base, net maintenance cost attributable to customer deposits and an estimate of the cost associated with alternative funding sources. The discount rates used for CDI assets are based on market rates. The CDI is being amortized over 10 years utilizing an accelerated method, which results in a weighted-average amortization period of approximately 41 months. Deposits : The fair values used for the demand and savings deposits by definition equal the amount payable on demand at the acquisition date. Fair values for time deposits were estimated using a discounted cash flow analysis applying interest rates currently offered to the contractual interest rates on such time deposits. Borrowings : The fair values of long-term debt instruments were estimated based on quoted market prices for instrument if available, or for similar instruments if not available. Supplemental Pro Forma Financial Information The following table presents certain pro forma information as if Select had been acquired on January 1, 2020. These results combine the historical results of Select with the Company’s results and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2020. Merger-related costs related to this acquisition of $16.8 million were recorded by the Company during 2021 and $0.8 million of merger-related costs incurred by Select in 2021 prior to the acquisition were excluded from the pro forma information below. In addition, no adjustments have been made to such pro forma information to eliminate the provision for loan losses recorded by Select in the amount of $6.2 million for 2020 and a negative provision for loan losses recorded by Select of $1.3 million recorded in 2021 prior the acquisition. Pro forma information for the year 2021 was adjusted to eliminate the following: 1) the non-PCD provision for loan losses recorded on the acquisition date of $14.1 million and 2) the initial recording of a provision for credit losses associated with Select’s unfunded commitments of $3.9 million. If the Select acquisition had occurred at the beginning of 2020, the acquisition date credit loss reserve amounts would have been included in the fair value measurements of Select and been included in the goodwill calculation. Expenses related to systems conversions and other costs of integration were recorded during 2022. The Company expects to achieve further operating cost savings and other business synergies as a result of the acquisition. The following table also discloses the impact of the acquisition of Select from the acquisition date of October 15, 2021 through December 31, 2021. These amounts are included in the Company’s consolidated financial statements as of and for the year ended December 31, 2021. Merger-related costs have been excluded from these amounts and the provisions for credit loss amounts associated with non-PCD loans and unfunded commitments that were discussed above have also been excluded. ($ in thousands, unaudited) Revenue Net Income Year Ended December 31, 2021 Actual Select results included in statement of income since acquisition date $ 15,175 $ 8,813 Supplemental consolidated pro forma as if Select had been acquired on January 1, 2020 380,241 143,882 Year Ended December 31, 2020 Supplemental consolidated pro forma as if Select had been acquired on January 1, 2020 $ 362,654 $ 93,980 First Bank Insurance Services, Inc. Disposition On June 30, 2021, the Company completed the sale of the operations and substantially all of the operating assets of its property and casualty insurance agency subsidiary, First Bank Insurance Services Inc. ("First Bank Insurance"), to Bankers Insurance, LLC for an initial purchase price valued at $13.0 million and a future earn-out payment of up to $1.0 million. Cash received at the time of the sale was $11.3 million. Net assets sold and liabilities transferred amounted to $1.7 million. The Company recorded a gain

Securities

Securities	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The book values and approximate fair values of investment securities at December 31, 2022 and 2021 are summarized as follows: 2022 2021 Amortized Fair Unrealized Amortized Fair Unrealized ($ in thousands) Gains (Losses) Gains (Losses) Securities available for sale: US Treasury securities $ 174,420 168,758 — (5,662) — — — — Government-sponsored enterprise securities 71,957 57,456 — (14,501) 71,951 69,179 — (2,772) Mortgage-backed securities 2,467,839 2,045,000 4 (422,843) 2,545,150 2,514,805 9,489 (39,834) Corporate bonds 44,340 43,279 — (1,061) 45,380 46,430 1,106 (56) Total available for sale $ 2,758,556 2,314,493 4 (444,067) 2,662,481 2,630,414 10,595 (42,662) Securities held to maturity: Mortgage-backed securities $ 15,150 14,221 — (929) 20,260 20,845 585 — State and local governments 526,550 418,307 7 (108,250) 493,565 490,854 2,955 (5,666) Total held to maturity $ 541,700 432,528 7 (109,179) 513,825 511,699 3,540 (5,666) All of the Company’s mortgage-backed securities were issued by government-sponsored enterprises ("GSEs"), except for private mortgage-backed securities with a fair value of $0.8 million and $0.9 million as of December 31, 2022 and 2021, respectively. The following table presents information regarding securities with unrealized losses at December 31, 2022: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized US Treasury securities $ 168,758 5,662 — — 168,758 5,662 Government-sponsored enterprise securities — — 57,456 14,501 57,456 14,501 Mortgage-backed securities 221,006 18,215 1,835,958 405,557 2,056,964 423,772 Corporate bonds 40,644 947 886 114 41,530 1,061 State and local governments 48,385 8,323 368,897 99,927 417,282 108,250 Total temporarily impaired securities $ 478,793 33,147 2,263,197 520,099 2,741,990 553,246 The following table presents information regarding securities with unrealized losses at December 31, 2021: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Government-sponsored enterprise securities $ 21,436 522 47,743 2,250 69,179 2,772 Mortgage-backed securities 1,773,022 25,977 404,484 13,857 2,177,506 39,834 Corporate bonds 999 1 945 55 1,944 56 State and local governments 228,279 3,797 34,398 1,869 262,677 5,666 Total temporarily impaired securities $ 2,023,736 30,297 487,570 18,031 2,511,306 48,328 As of December 31, 2022, the Company's securities portfolio held 666 securities of which 644 securities were in an unrealized loss position. As of December 31, 2021, the Company's securities portfolio held 648 securities of which 371 securities were in an unrealized loss position. In the above tables, all of the securities that were in an unrealized loss position at December 31, 2022 and 2021 are bonds that the Company has determined are in a loss position due primarily to interest rate factors and not credit quality concerns. In arriving at this conclusion, the Company reviewed third-party credit ratings and considered the severity of the impairment. The state and local government investments are comprised almost entirely of highly-rated municipal bonds issued by state and local governments throughout the nation. The Company has no significant concentrations of bond holdings from one state or local government entity. Nearly all of our mortgage-backed securities were issued by FHLMC, FNMA, GNMA, or the SBA, each of which is a government agency or GSE and guarantees the repayment of its securities. The Company does not intend to sell these securities, and it is more likely than not that the Company will not be required to sell these securities before recovery of the amortized cost. At December 31, 2022 and 2021, the Company determined that expected credit losses associated with HTM securities and AFS debt securities were insignificant. The book values and approximate fair values of investment securities at December 31, 2022, by contractual maturity, are summarized in the table below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities Available for Sale Securities Held to Maturity ($ in thousands) Amortized Fair Amortized Fair Debt securities Due within one year $ 25,078 25,036 — — Due after one year but within five years 176,932 171,224 997 873 Due after five years but within ten years 87,707 72,348 61,509 50,726 Due after ten years 1,000 885 464,044 366,708 Mortgage-backed securities 2,467,839 2,045,000 15,150 14,221 Total securities $ 2,758,556 2,314,493 541,700 432,528 At December 31, 2022 and 2021, investment securities with carrying values of $758.0 million and $951.4 million, respectively, were pledged as collateral for public deposits. At December 31, 2022 and 2021, there were no holdings of securities of any one issuer, other than the US Government and its agencies or GSEs, in an amount greater than 10% of shareholders' equity. In 2022, there were no sales of investment securities. In 2021, the Company received proceeds from sales of securities of $106.5 million and recorded in $1.2 million net losses from the sales. In 2020, the Company received proceeds from sales of securities of $219.7 million and recorded $8.0 million in net gains from the sales. Included in “Other Assets” in the consolidated balance sheets are investments in FHLB and Federal Reserve stock totaling $39.6 million and $22.3 million at December 31, 2022 and 2021, respectively. These investments do not have readily determinable fair values. The FHLB stock had a cost and fair value of $14.7 million and $4.6 million at December 31, 2022 and 2021, respectively, and serves as part of the collateral for the Company’s line of credit with the FHLB and is also a requirement for membership in the FHLB system. The Federal Reserve stock had a cost and fair value of $24.9 million and $17.8 million at December 31, 2022 and 2021, respectively, and is a requirement for Federal Reserve member bank qualification. Periodically, both the FHLB and Federal Reserve recalculate the Company’s required level of holdings, and the Company either buys more stock or redeems a portion of the stock at cost. The Company determined that neither stock was impaired at either period end. The Company owns 12,356 Class B shares of Visa, Inc. (“Visa”) stock that were received upon Visa’s initial public offering. These shares are expected to convert into Class A Visa shares subsequent to the settlement of certain litigation against Visa, to which the Company is not a party. The Class B shares have transfer restrictions, and the conversion rate into Class A shares is periodically adjusted as Visa settles litigation. The conversion rate at December 31, 2022 was approximately 1.60, which means the Company would receive approximately 19,758 Class A shares if the stock had converted on that date. This Class B stock does not have a readily determinable fair value and is carried at zero. If a readily determinable fair value becomes available for the Class B shares, or upon the conversion to Class A shares, the Company will adjust the carrying value of the stock to its market value with a credit to earnings.

Loans, Allowance for Credit Los

Loans, Allowance for Credit Losses, and Asset Quality Information	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Loans, Allowance for Credit Losses, and Asset Quality Information	90 days past due — 1,004 Total nonperforming loans 37,635 49,566 Foreclosed properties 658 3,071 Total nonperforming assets $ 38,293 52,637 At December 31, 2022 and 2021, the Company had $0.8 million and $1.5 million in residential mortgage loans in process of foreclosure, respectively. At December 31, 2022, there was one loan with an immaterial commitment to lend additional funds to borrowers whose loans were nonperforming. At December 31, 2021, there were no commitments to lend additional funds to debtors whose loans were nonperforming. The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2022. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial, financial, and agricultural $ 3,855 6,374 10,229 Real estate – construction, land development & other land loans — 1,009 1,009 Real estate mortgage – residential (1-4 family) first mortgages 157 3,132 3,289 Real estate mortgage – home equity loans/lines of credit — 1,397 1,397 Real estate mortgage – commercial and other 5,010 7,495 12,505 Consumer loans — 85 85 Total $ 9,022 19,492 28,514 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2021. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial, financial, and agricultural $ 3,947 8,205 12,152 Real estate – construction, land development & other land loans 495 137 632 Real estate mortgage – residential (1-4 family) first mortgages 858 4,040 4,898 Real estate mortgage – home equity loans/lines of credit — 694 694 Real estate mortgage – commercial and other 7,648 8,583 16,231 Consumer loans — 89 89 Total $ 12,948 21,748 34,696 There is no interest income recognized during the periods presented on nonaccrual loans. The Company follows its nonaccrual policy of reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. The following table represents the accrued interest receivables written off by reversing interest income for the periods indicate. ($ in thousands) Year Ended December 31, 2022 Year Ended December 31, 2021 Commercial, financial, and agricultural $ 102 195 Real estate – construction, land development & other land loans 16 6 Real estate mortgage – residential (1-4 family) first mortgages 45 31 Real estate mortgage – home equity loans/lines of credit 20 14 Real estate mortgage – commercial and other 139 453 Consumer loans 2 — Total $ 324 699 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2022. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial, financial, and agricultural $ 438 565 — 10,229 630,709 641,941 Real estate – construction, land development & other land loans 238 1,687 — 1,009 931,242 934,176 Real estate mortgage – residential (1-4 family) first mortgages 3,415 25 — 3,289 1,189,056 1,195,785 Real estate mortgage – home equity loans/lines of credit 457 371 — 1,397 321,501 323,726 Real estate mortgage – commercial and other 620 97 — 12,505 3,497,039 3,510,261 Consumer loans 249 66 — 85 60,259 60,659 Total $ 5,417 2,811 — 28,514 6,629,806 6,666,548 Unamortized net deferred loan fees (1,403) Total loans $ 6,665,145 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2021. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial, financial, and agricultural $ 377 93 — 12,152 636,375 648,997 Real estate – construction, land development & other land loans 4,046 — 286 632 823,585 828,549 Real estate mortgage – residential (1-4 family) first mortgages 6,571 1,488 — 4,898 1,009,009 1,021,966 Real estate mortgage – home equity loans/lines of credit 489 124 718 694 329,907 331,932 Real estate mortgage – commercial and other 164 1,496 — 16,231 3,176,846 3,194,737 Consumer loans 116 62 — 89 56,971 57,238 Total $ 11,763 3,263 1,004 34,696 6,032,693 6,083,419 Unamortized net deferred loan (fees) costs (1,704) Total loans $ 6,081,715 Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. The Company reviews individually evaluated loans on nonaccrual with a net book balance of $350,000 or greater for designation as collateral dependent loans, as well as certain other loans that may still be accruing interest and/or are less than $350,000 in size that management of the Company designates as having higher risk. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the allowance for credit losses. The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2022. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial, financial, and agricultural $ — 6,394 — — 6,394 Real estate mortgage – residential (1-4 family) first mortgages 157 — — — 157 Real estate mortgage – commercial and other — — — 6,723 6,723 Total $ 157 6,394 — 6,723 13,274 The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2021. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial, financial, and agricultural $ — 7,886 — — 7,886 Real estate – construction, land development & other land loans — — 533 — 533 Real estate mortgage – residential (1-4 family) first mortgages 871 — — — 871 Real estate mortgage – commercial and other — — — 10,743 10,743 Total $ 871 7,886 533 10,743 20,033 Under CECL, for collateral dependent loans, the Company has adopted the practical expedient to measure the ACL based on the fair value of collateral. The ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for liquidation costs/discounts, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required. The Company's policy is to obtain third-party appraisals on any significant pieces of collateral. For loans secured by real estate, the Company's policy is to write nonaccrual loans down to 90% of the appraised value, which considers estimated selling costs. For real estate collateral that is in industries that are undergoing heightened stress, the Company often discounts the collateral values by an additional 10% to 25% due to additional discounts that are estimated to be incurred in a near-term sale. For non real-estate collateral secured loans, the Company generally writes nonaccrual loans down to 75% of the appraised value, which provides for selling costs and liquidity discounts that are usually incurred when disposing of non real-estate collateral. For reviewed loans that are not on nonaccrual basis, the Company assigns a specific allowance based on the parameters noted above. The Company does not believe that there is significant over-coverage of collateral for any of the loan types noted above. The following tables presents the activity in the ACL on loans for the periods indicated. The increase in ACL at December 31, 2022 as compared to the prior year was related to a combination of the allowance required for loan growth during the year, and updated economic forecasts and loss driver inputs to the CECL model. Throughout 2022, the economic forecasts have projected general weakening of the economy demonstrated by higher projected unemployment rates, lower GDP, and declining price indices for both commercial real estate and residential mortgages. These worsening economic projections translated to higher forecasted life of loan losses in our portfolio and a higher estimated ACL. ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer Loans Total As of and for the year ended December 31, 2022 Beginning balance $ 16,249 16,519 8,686 4,337 30,342 2,656 78,789 Charge-offs (2,519) — — (43) (1,063) (840) (4,465) Recoveries 756 480 17 600 1,983 207 4,043 Provisions/(Reversals) 3,232 (1,871) 2,651 (1,736) 9,447 877 12,600 Ending balance $ 17,718 15,128 11,354 3,158 40,709 2,900 90,967 ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer loans Unallocated Total As of and for the year ended December 31, 2021 Beginning balance $ 11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 Adjustment for implementation of CECL 3,067 6,140 2,584 2,580 (257) 674 (213) 14,575 Allowance for Select PCD loans 2,917 165 222 92 1,489 10 — 4,895 Charge-offs (3,722) (245) (273) (400) (2,295) (667) — (7,602) Recoveries 1,744 948 761 578 533 358 — 4,922 Provisions/ (Reversals) 927 4,156 (2,656) (888) 7,269 803 — 9,611 Ending balance $ 16,249 16,519 8,686 4,337 30,342 2,656 — 78,789 The following table presents the activity in the allowance for loan losses for the year ended December 31, 2020 under the Incurred Loss methodology. ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer loans Unallo- Total As of and for the year ended December 31, 2020 Beginning balance $ 4,553 1,976 3,832 1,127 8,938 972 — 21,398 Charge-offs (5,608) (51) (478) (524) (968) (873) — (8,502) Recoveries 745 1,552 754 487 621 294 — 4,453 Provisions 11,626 1,878 3,940 1,285 15,012 1,085 213 35,039 Ending balance $ 11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 Ending balances as of December 31, 2020: Allowance for loan losses Individually evaluated for impairment $ 3,546 30 800 — 2,175 — — 6,551 Collectively evaluated for impairment 7,742 5,325 7,141 2,375 21,428 1,475 213 45,699 Purchased credit impaired 28 — 107 — — 3 — 138 Loans receivable as of December 31, 2020: Ending balance – total $ 782,549 570,672 972,378 306,256 2,049,203 53,955 — 4,735,013 Unamortized net deferred loan fees (3,698) Total loans 4,731,315 Ending balances as of December 31, 2020: Loans Individually evaluated for impairment $ 7,700 677 9,303 15 18,582 4 — 36,281 Collectively evaluated for impairment 774,712 569,845 958,848 306,141 2,026,682 53,913 — 4,690,141 Purchased credit impaired 137 150 4,227 100 3,939 38 — 8,591 Interest income recorded on impaired loans during the year ended December 31, 2020 was $1.1 million, and reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status and interest income recorded on accruing TDRs. Credit Quality Indicators The Company tracks credit quality based on its internal risk ratings. Upon origination, a loan is assigned an initial risk grade, which is generally based on several factors such as the borrower’s credit score, the loan-to-value ratio, the debt-to-income ratio, etc. Loans that are risk-graded as substandard during the origination process are declined. After loans are initially graded, they are monitored regularly for credit quality based on many factors, such as payment history, the borrower’s financial status, and changes in collateral value. Loans can be downgraded or upgraded depending on management’s evaluation of these factors. Internal risk-grading policies are consistent throughout each loan type. The following describes the Company’s internal risk grades in ascending order of likelihood of loss: Risk Grade Description Pass: 1 Loans with virtually no risk, including cash secured loans. 2 Loans with documented significant overall financial strength. These loans have minimum chance of loss due to the presence of multiple sources of repayment – each clearly sufficient to satisfy the obligation. 3 Loans with documented satisfactory overall financial strength. These loans have a low loss potential due to presence of at least two clearly identified sources of repayment – each of which is sufficient to satisfy the obligation under the present circumstances. 4 Loans to borrowers with acceptable financial condition. These loans could have signs of minor operational weaknesses, lack of adequate financial information, or loans supported by collateral with questionable value or marketability. 5 Loans that represent above average risk due to minor weaknesses and warrant closer scrutiny by management. Collateral is generally available and felt to provide reasonable coverage with realizable liquidation values in normal circumstances. Repayment performance is satisfactory. P Consumer loans that are of satisfactory credit quality with borrowers who exhibit good personal credit history, average personal financial strength and moderate debt levels. These loans generally conform to Bank policy, but may include approved mitigated exceptions to the guidelines. Special Mention: 6 Existing loans with defined weaknesses in primary source of repayment that, if not corrected, could cause a loss to the Company. Classified: 7 An existing loan inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. 8 Loans that have a well-defined weakness that make the collection or liquidation in full highly questionable and improbable. Loss appears imminent, but the exact amount and timing is uncertain. 9 Loans that are considered uncollectible and are in the process of being charged-off. This grade is a temporary grade assigned for administrative purposes until the charge-off is completed. F Consumer loans with a well-defined weakness, such as exceptions of any kind with no mitigating factors, history of paying outside the terms of the note, insufficient income to support the current level of debt, etc. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2022. Acquired loans are presented in the year originated, not in the year of acquisition. Term Loans by Year of Origination ($ in thousands) 2022 2021 2020 2019 2018 Prior Revolving Total Commercial, financial, and agricultural Pass $ 185,167 107,747 85,110 51,274 590 76,588 120,590 627,066 Special Mention 342 166 648 1,312 — 990 332 3,790 Classified 734 1,909 808 1,384 — 5,762 488 11,085 Total commercial, financial, and agricultural 186,243 109,822 86,566 53,970 590 83,340 121,410 641,941 Real estate – construction, land development & other land loans Pass 550,752 267,096 42,421 30,973 — 12,722 19,519 923,483 Special Mention 5,128 5 3,679 — — 100 13 8,925 Classified 656 107 38 899 — 44 24 1,768 Total real estate – construction, development & other land loans 556,536 267,208 46,138 31,872 — 12,866 19,556 934,176 Real estate mortgage – residential (1-4 family) first mortgages Pass 317,282 274,756 186,102 98,559 185 301,885 1,379 1,180,148 Special Mention 1,189 127 110 470 — 2,416 — 4,312 Classified 763 251 221 359 — 9,072 659 11,325 Total real estate mortgage – residential (1-4 family) first mortgages 319,234 275,134 186,433 99,388 185 313,373 2,038 1,195,785 Real estate mortgage – home equity loans/lines of credit Pass 869 1,091 349 237 — 2,020 309,786 314,352 Special Mention 175 — — — — 18 1,072 1,265 Classified 106 156 94 87 — 213 7,453 8,109 Total real estate mortgage – home equity loans/lines of credit 1,150 1,247 443 324 — 2,251 318,311 323,726 Real estate mortgage – commercial and other Pass 1,096,643 1,186,678 569,624 247,448 179 324,361 48,882 3,473,815 Special Mention 1,715 1,114 4,436 8,289 — 4,457 665 20,676 Classified 3,480 1,265 84 2,456 — 8,118 367 15,770 Total real estate mortgage – commercial and other 1,101,838 1,189,057 574,144 258,193 179 336,936 49,914 3,510,261 Consumer loans Pass 35,406 7,946 3,610 1,056 3 1,250 10,953 60,224 Special Mention — — — — — — — — Classified 320 31 3 1 — 25 55 435 Total consumer loans 35,726 7,977 3,613 1,057 3 1,275 11,008 60,659 Total $ 2,200,727 1,850,445 897,337 444,804 957 750,041 522,237 6,666,548 Unamortized net deferred loan fees (1,403) Total loans $ 6,665,145 At December 31, 2022, as derived from the table above, the Company had $39.0 million in loans graded as Special Mention and $48.5 million in loans graded as Classified, which includes all nonaccrual loans. In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the year ended December 31, 2022 amounted to $3.3 million. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2021. Acquired loans are presented in the year originated, not in the year of acquisition. Term Loans by Year of Origination ($ in thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Commercial, financial, and agricultural Pass $ 204,945 138,540 71,369 66,645 16,009 17,492 112,933 627,933 Special Mention 225 1,255 1,313 2,729 225 9 2,348 8,104 Classified 1,609 793 1,703 7,096 511 96 1,152 12,960 Total commercial, financial, and agricultural 206,779 140,588 74,385 76,470 16,745 17,597 116,433 648,997 Real estate – construction, land development & other land loans Pass 573,613 133,888 69,066 12,455 9,764 8,190 13,737 820,713 Special Mention 41 737 5,095 110 104 2 9 6,098 Classified 1,541 49 47 83 14 4 — 1,738 Total real estate – construction, development & other land loans 575,195 134,674 74,208 12,648 9,882 8,196 13,746 828,549 Real estate mortgage – residential (1-4 family) first mortgages Pass 241,619 224,617 120,097 82,531 86,074 234,950 11,051 1,000,939 Special Mention 888 615 516 229 323 3,237 94 5,902 Classified 419 156 535 1,185 653 11,246 931 15,125 Total real estate mortgage – residential (1-4 family) first mortgages 242,926 225,388 121,148 83,945 87,050 249,433 12,076 1,021,966 Real estate mortgage – home equity loans/lines of credit Pass 3,111 498 439 1,304 245 1,649 317,319 324,565 Special Mention 194 — 15 — — 19 1,341 1,569 Classified 75 97 71 — — 607 4,948 5,798 Total real estate mortgage – home equity loans/lines of credit 3,380 595 525 1,304 245 2,275 323,608 331,932 Real estate mortgage – commercial and other Pass 1,328,156 796,992 355,885 211,118 197,165 197,659 66,104 3,153,079 Special Mention 1,759 4,849 5,801 3,741 2,072 1,801 1,440 21,463 Classified 7,147 413 2,110 6,025 3,897 603 — 20,195 Total real estate mortgage – commercial and other 1,337,062 802,254 363,796 220,884 203,134 200,063 67,544 3,194,737 Consumer loans Pass 14,960 25,431 2,965 1,722 673 525 10,810 57,086 Special Mention — 4 — — — — — 4 Classified — 73 — 8 — 25 42 148 Total consumer loans 14,960 25,508 2,965 1,730 673 550 10,852 57,238 Total $ 2,380,302 1,329,007 637,027 396,981 317,729 478,114 544,259 6,083,419 Unamortized net deferred loan fees (1,704) Total loans $ 6,081,715 At December 31, 2021, as derived from the table above, the Company had $43.1 million in loans graded as Special Mention and $56.0 million in loans graded as Classified, which includes all nonaccrual loans. In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the year ended December 31, 2021 amounted to $1.0 million. Troubled Debt Restructurings The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, extension of terms and other actions intended to minimize potential losses. The vast majority of the Company’s TDRs modified during the years ended December 31, 2022, 2021, and 2020 related to interest rate reductions combined with extension of terms. The Company does not generally grant principal forgiveness. The Company’s TDRs can be classified as either nonaccrual or accruing based on the loan’s payment status. The TDRs that are nonaccrual are reported within the nonaccrual loan totals presented previously. The following table presents information related to loans modified in a TDR during the year ended December 31, 2022. For the year ended December 31, 2022 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial, financial, and agricultural 2 $ 143 143 Real estate – construction, land development & other land loans 1 67 67 Real estate mortgage – residential (1-4 family) first mortgages 2 75 78 TDRs – Nonaccrual Commercial, financial, and agricultural 5 744 744 Real estate mortgage – residential (1-4 family) first mortgages 1 36 36 Real estate mortgage – commercial and other 1 72 72 Total TDRs arising during period 12 $ 1,137 1,140 The following table presents information related to loans modified in a TDR during the year ended December 31, 2021. For the year ended December 31, 2021 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Real estate mortgage – residential (1-4 family) first mortgages 1 $ 33 33 TDRs – Nonaccrual Commercial, financial, and agricultural 5 1,438 1,435 Real estate – construction, land development & other land loans 1 75 75 Real estate mortgage – residential (1-4 family) first mortgages 1 263 263 Real estate mortgage – commercial and other 4 1,729 1,729 Total TDRs arising during period 12 $ 3,538 3,535 The following table presents information related to loans modified in a TDR during the year ended December 31, 2020. For the year ended December 31, 2020 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial, financial, and agricultural 2 $ 143 143 Real estate – construction, land development & other land loans 1 67 67 Real estate mortgage – residential (1-4 family) first mortgages 2 75 78 Consumer loans 1 4 4 TDRs – Nonaccrual Commercial, financial, and agricultural 1 72 72 Real estate mortgage – commercial and other 5 5,977 5,977 Total TDRs arising during period 12 $ 6,338 6,341 Accruing TDRs that were modified in the previous 12 months and that defaulted during the years ended December 31, 2022, 2021, and 2020 are presented in the table below. The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to foreclosed real estate. For the Year Ended December 31, 2022 For the Year Ended December 31, 2021 For the Year Ended December 31, 2020 ($ in thousands) Number of Recorded Number of Recorded Number of Recorded Accruing TDRs that subsequently defaulted Real estate mortgage – commercial and other — $ — — $ — 1 $ 274 Total accruing TDRs that subsequently defaulted — $ — — $ — 1 $ 274 Concentration of Credit Risk Most of the Company's business activity is with customers located within the markets where it has banking operations. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy within its markets. Approximately 90% of the Company's loan portfolio is secured by real estate and is therefore susceptible to changes in real estate valuations. Allowance for Credit Losses - Unfunded Loan Commitments In addition to the ACL on loans, the Company maintains an allowance for lending-related commitments such as unfunded loan commitments and letters of credit. Under CECL, the Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for lending-related commitments on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the allowance for credit losses on loans, and are discussed in Note 1. The allowance for credit losses for unfunded loan commitments of $13.3 million and $13.5 million at December 31, 2022 and December 31, 2021, respectively, is separately classified on the consolidated balance sheets within the line items "Other Liabilities." The following table prese nts the balance and activity in the allowance for credit losses for unfunded loan commitments for each period indicated. ($ in thousands) December 31, 2022 December 31, 2021 Beginning balance $ 13,506 $ 582 Adjustments for implementation of CECL on January 1, 2021 — 7,504 Day 2 provision for credit losses on unfunded commitments acquired from Select — 3,982 (Reversal of) provision for credit losses on changes in unfunded commitments (200) 1,438 Ending balance $ 13,306 $ 13,506 Allowance for Credit Losses - Securities HTM and AFS The ACL for securities HTM and AFS was immaterial at December 31, 2022 and December 31, 2021." id="sjs-B4">Loans, Allowance for Credit Losses, and Asset Quality Information The following is a summary of the major categories of total loans outstanding: December 31, 2022 December 31, 2021 ($ in thousands) Amount Percentage Amount Percentage Commercial, financial, and agricultural $ 641,941 9 % 648,997 11 % Real estate – construction, land development & other land loans 934,176 14 % 828,549 13 % Real estate mortgage – residential (1-4 family) first mortgages 1,195,785 18 % 1,021,966 17 % Real estate mortgage – home equity loans/lines of credit 323,726 5 % 331,932 5 % Real estate mortgage – commercial and other 3,510,261 53 % 3,194,737 53 % Consumer loans 60,659 1 % 57,238 1 % Subtotal 6,666,548 100 % 6,083,419 100 % Unamortized net deferred loan fees (1,403) (1,704) Total loans $ 6,665,145 6,081,715 Also included in the table above are SBA loans, generally originated under the SBA 7A loan program, with additional information on these loans presented in the table below. ($ in thousands) December 31, December 31, Guaranteed portions of SBA Loans included in table above $ 31,893 48,377 Unguaranteed portions of SBA Loans included in table above 116,910 122,772 Total SBA loans included in the table above $ 148,803 171,149 Sold portions of SBA loans with servicing retained - not included in table above $ 392,370 414,240 As of December 31, 2022, there were essentially no remaining loans originated under the SBA's Paycheck Protection Program ("PPP") as provided for under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") of 2020. As of December 31, 2021, the Company had $39.0 million in remaining PPP loans which have been excluded from the above SBA 7A Loan program table. At December 31, 2022 and December 31, 2021, there were remaining unaccreted discounts on the retained portion of sold SBA loans amounting to $4.3 million and $6.0 million respectively. At December 31, 2022 and December 31, 2021, loans in the amount of $5.3 billion and $4.3 billion, respectively, were pledged as collateral for certain borrowings. Refer to Note 9 for further discussion. Total loans at December 31, 2022 and 2021 included loans to executive officers and directors of the Company, and their associates, totaling approximately $6.0 million and $0.6 million, respectively. There were six new loans and advances totaling approximately $5.5 million on those loans in 2022 and repayments amounted to $0.1 million. Management does not believe these loans involve more than the normal risk of collectability or present other unfavorable features. For acquisitions completed prior to the Company's adoption of CECL, loans designated as PCI loans were reclassified as PCD loans, upon the adoption of CECL. Activity in the accretable yield for PCI loans under the Incurred Loss methodology used by the Company prior to adopting CECL was not material for the year ended December 31, 2020. As of December 31, 2022 and 2021, unamortized discounts on all acquired loans totaled $11.6 million and $17.2 million, respectively. Loan discounts are generally amortized as yield adjustments over the respective lives of the loans, while the loans perform. Nonperforming assets, defined as nonaccrual loans, troubled debt restructurings, loans past due 90 or more days and still accruing interest, and foreclosed real estate, are summarized as follows: ($ in thousands) December 31, December 31, Nonperforming assets Nonaccrual loans $ 28,514 34,696 Restructured loans - accruing 9,121 13,866 Accruing loans > 90 days past due — 1,004 Total nonperforming loans 37,635 49,566 Foreclosed properties 658 3,071 Total nonperforming assets $ 38,293 52,637 At December 31, 2022 and 2021, the Company had $0.8 million and $1.5 million in residential mortgage loans in process of foreclosure, respectively. At December 31, 2022, there was one loan with an immaterial commitment to lend additional funds to borrowers whose loans were nonperforming. At December 31, 2021, there were no commitments to lend additional funds to debtors whose loans were nonperforming. The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2022. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial, financial, and agricultural $ 3,855 6,374 10,229 Real estate – construction, land development & other land loans — 1,009 1,009 Real estate mortgage – residential (1-4 family) first mortgages 157 3,132 3,289 Real estate mortgage – home equity loans/lines of credit — 1,397 1,397 Real estate mortgage – commercial and other 5,010 7,495 12,505 Consumer loans — 85 85 Total $ 9,022 19,492 28,514 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2021. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial, financial, and agricultural $ 3,947 8,205 12,152 Real estate – construction, land development & other land loans 495 137 632 Real estate mortgage – residential (1-4 family) first mortgages 858 4,040 4,898 Real estate mortgage – home equity loans/lines of credit — 694 694 Real estate mortgage – commercial and other 7,648 8,583 16,231 Consumer loans — 89 89 Total $ 12,948 21,748 34,696 There is no interest income recognized during the periods presented on nonaccrual loans. The Company follows its nonaccrual policy of reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. The following table represents the accrued interest receivables written off by reversing interest income for the periods indicate. ($ in thousands) Year Ended December 31, 2022 Year Ended December 31, 2021 Commercial, financial, and agricultural $ 102 195 Real estate – construction, land development & other land loans 16 6 Real estate mortgage – residential (1-4 family) first mortgages 45 31 Real estate mortgage – home equity loans/lines of credit 20 14 Real estate mortgage – commercial and other 139 453 Consumer loans 2 — Total $ 324 699 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2022. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial, financial, and agricultural $ 438 565 — 10,229 630,709 641,941 Real estate – construction, land development & other land loans 238 1,687 — 1,009 931,242 934,176 Real estate mortgage – residential (1-4 family) first mortgages 3,415 25 — 3,289 1,189,056 1,195,785 Real estate mortgage – home equity loans/lines of credit 457 371 — 1,397 321,501 323,726 Real estate mortgage – commercial and other 620 97 — 12,505 3,497,039 3,510,261 Consumer loans 249 66 — 85 60,259 60,659 Total $ 5,417 2,811 — 28,514 6,629,806 6,666,548 Unamortized net deferred loan fees (1,403) Total loans $ 6,665,145 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2021. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial, financial, and agricultural $ 377 93 — 12,152 636,375 648,997 Real estate – construction, land development & other land loans 4,046 — 286 632 823,585 828,549 Real estate mortgage – residential (1-4 family) first mortgages 6,571 1,488 — 4,898 1,009,009 1,021,966 Real estate mortgage – home equity loans/lines of credit 489 124 718 694 329,907 331,932 Real estate mortgage – commercial and other 164 1,496 — 16,231 3,176,846 3,194,737 Consumer loans 116 62 — 89 56,971 57,238 Total $ 11,763 3,263 1,004 34,696 6,032,693 6,083,419 Unamortized net deferred loan (fees) costs (1,704) Total loans $ 6,081,715 Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. The Company reviews individually evaluated loans on nonaccrual with a net book balance of $350,000 or greater for designation as collateral dependent loans, as well as certain other loans that may still be accruing interest and/or are less than $350,000 in size that management of the Company designates as having higher risk. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the allowance for credit losses. The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2022. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial, financial, and agricultural $ — 6,394 — — 6,394 Real estate mortgage – residential (1-4 family) first mortgages 157 — — — 157 Real estate mortgage – commercial and other — — — 6,723 6,723 Total $ 157 6,394 — 6,723 13,274 The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2021. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial, financial, and agricultural $ — 7,886 — — 7,886 Real estate – construction, land development & other land loans — — 533 — 533 Real estate mortgage – residential (1-4 family) first mortgages 871 — — — 871 Real estate mortgage – commercial and other — — — 10,743 10,743 Total $ 871 7,886 533 10,743 20,033 Under CECL, for collateral dependent loans, the Company has adopted the practical expedient to measure the ACL based on the fair value of collateral. The ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for liquidation costs/discounts, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required. The Company's policy is to obtain third-party appraisals on any significant pieces of collateral. For loans secured by real estate, the Company's policy is to write nonaccrual loans down to 90% of the appraised value, which considers estimated selling costs. For real estate collateral that is in industries that are undergoing heightened stress, the Company often discounts the collateral values by an additional 10% to 25% due to additional discounts that are estimated to be incurred in a near-term sale. For non real-estate collateral secured loans, the Company generally writes nonaccrual loans down to 75% of the appraised value, which provides for selling costs and liquidity discounts that are usually incurred when disposing of non real-estate collateral. For reviewed loans that are not on nonaccrual basis, the Company assigns a specific allowance based on the parameters noted above. The Company does not believe that there is significant over-coverage of collateral for any of the loan types noted above. The following tables presents the activity in the ACL on loans for the periods indicated. The increase in ACL at December 31, 2022 as compared to the prior year was related to a combination of the allowance required for loan growth during the year, and updated economic forecasts and loss driver inputs to the CECL model. Throughout 2022, the economic forecasts have projected general weakening of the economy demonstrated by higher projected unemployment rates, lower GDP, and declining price indices for both commercial real estate and residential mortgages. These worsening economic projections translated to higher forecasted life of loan losses in our portfolio and a higher estimated ACL. ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer Loans Total As of and for the year ended December 31, 2022 Beginning balance $ 16,249 16,519 8,686 4,337 30,342 2,656 78,789 Charge-offs (2,519) — — (43) (1,063) (840) (4,465) Recoveries 756 480 17 600 1,983 207 4,043 Provisions/(Reversals) 3,232 (1,871) 2,651 (1,736) 9,447 877 12,600 Ending balance $ 17,718 15,128 11,354 3,158 40,709 2,900 90,967 ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer loans Unallocated Total As of and for the year ended December 31, 2021 Beginning balance $ 11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 Adjustment for implementation of CECL 3,067 6,140 2,584 2,580 (257) 674 (213) 14,575 Allowance for Select PCD loans 2,917 165 222 92 1,489 10 — 4,895 Charge-offs (3,722) (245) (273) (400) (2,295) (667) — (7,602) Recoveries 1,744 948 761 578 533 358 — 4,922 Provisions/ (Reversals) 927 4,156 (2,656) (888) 7,269 803 — 9,611 Ending balance $ 16,249 16,519 8,686 4,337 30,342 2,656 — 78,789 The following table presents the activity in the allowance for loan losses for the year ended December 31, 2020 under the Incurred Loss methodology. ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer loans Unallo- Total As of and for the year ended December 31, 2020 Beginning balance $ 4,553 1,976 3,832 1,127 8,938 972 — 21,398 Charge-offs (5,608) (51) (478) (524) (968) (873) — (8,502) Recoveries 745 1,552 754 487 621 294 — 4,453 Provisions 11,626 1,878 3,940 1,285 15,012 1,085 213 35,039 Ending balance $ 11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 Ending balances as of December 31, 2020: Allowance for loan losses Individually evaluated for impairment $ 3,546 30 800 — 2,175 — — 6,551 Collectively evaluated for impairment 7,742 5,325 7,141 2,375 21,428 1,475 213 45,699 Purchased credit impaired 28 — 107 — — 3 — 138 Loans receivable as of December 31, 2020: Ending balance – total $ 782,549 570,672 972,378 306,256 2,049,203 53,955 — 4,735,013 Unamortized net deferred loan fees (3,698) Total loans 4,731,315 Ending balances as of December 31, 2020: Loans Individually evaluated for impairment $ 7,700 677 9,303 15 18,582 4 — 36,281 Collectively evaluated for impairment 774,712 569,845 958,848 306,141 2,026,682 53,913 — 4,690,141 Purchased credit impaired 137 150 4,227 100 3,939 38 — 8,591 Interest income recorded on impaired loans during the year ended December 31, 2020 was $1.1 million, and reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status and interest income recorded on accruing TDRs. Credit Quality Indicators The Company tracks credit quality based on its internal risk ratings. Upon origination, a loan is assigned an initial risk grade, which is generally based on several factors such as the borrower’s credit score, the loan-to-value ratio, the debt-to-income ratio, etc. Loans that are risk-graded as substandard during the origination process are declined. After loans are initially graded, they are monitored regularly for credit quality based on many factors, such as payment history, the borrower’s financial status, and changes in collateral value. Loans can be downgraded or upgraded depending on management’s evaluation of these factors. Internal risk-grading policies are consistent throughout each loan type. The following describes the Company’s internal risk grades in ascending order of likelihood of loss: Risk Grade Description Pass: 1 Loans with virtually no risk, including cash secured loans. 2 Loans with documented significant overall financial strength. These loans have minimum chance of loss due to the presence of multiple sources of repayment – each clearly sufficient to satisfy the obligation. 3 Loans with documented satisfactory overall financial strength. These loans have a low loss potential due to presence of at least two clearly identified sources of repayment – each of which is sufficient to satisfy the obligation under the present circumstances. 4 Loans to borrowers with acceptable financial condition. These loans could have signs of minor operational weaknesses, lack of adequate financial information, or loans supported by collateral with questionable value or marketability. 5 Loans that represent above average risk due to minor weaknesses and warrant closer scrutiny by management. Collateral is generally available and felt to provide reasonable coverage with realizable liquidation values in normal circumstances. Repayment performance is satisfactory. P Consumer loans that are of satisfactory credit quality with borrowers who exhibit good personal credit history, average personal financial strength and moderate debt levels. These loans generally conform to Bank policy, but may include approved mitigated exceptions to the guidelines. Special Mention: 6 Existing loans with defined weaknesses in primary source of repayment that, if not corrected, could cause a loss to the Company. Classified: 7 An existing loan inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. 8 Loans that have a well-defined weakness that make the collection or liquidation in full highly questionable and improbable. Loss appears imminent, but the exact amount and timing is uncertain. 9 Loans that are considered uncollectible and are in the process of being charged-off. This grade is a temporary grade assigned for administrative purposes until the charge-off is completed. F Consumer loans with a well-defined weakness, such as exceptions of any kind with no mitigating factors, history of paying outside the terms of the note, insufficient income to support the current level of debt, etc. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2022. Acquired loans are presented in the year originated, not in the year of acquisition. Term Loans by Year of Origination ($ in thousands) 2022 2021 2020 2019 2018 Prior Revolving Total Commercial, financial, and agricultural Pass $ 185,167 107,747 85,110 51,274 590 76,588 120,590 627,066 Special Mention 342 166 648 1,312 — 990 332 3,790 Classified 734 1,909 808 1,384 — 5,762 488 11,085 Total commercial, financial, and agricultural 186,243 109,822 86,566 53,970 590 83,340 121,410 641,941 Real estate – construction, land development & other land loans Pass 550,752 267,096 42,421 30,973 — 12,722 19,519 923,483 Special Mention 5,128 5 3,679 — — 100 13 8,925 Classified 656 107 38 899 — 44 24 1,768 Total real estate – construction, development & other land loans 556,536 267,208 46,138 31,872 — 12,866 19,556 934,176 Real estate mortgage – residential (1-4 family) first mortgages Pass 317,282 274,756 186,102 98,559 185 301,885 1,379 1,180,148 Special Mention 1,189 127 110 470 — 2,416 — 4,312 Classified 763 251 221 359 — 9,072 659 11,325 Total real estate mortgage – residential (1-4 family) first mortgages 319,234 275,134 186,433 99,388 185 313,373 2,038 1,195,785 Real estate mortgage – home equity loans/lines of credit Pass 869 1,091 349 237 — 2,020 309,786 314,352 Special Mention 175 — — — — 18 1,072 1,265 Classified 106 156 94 87 — 213 7,453 8,109 Total real estate mortgage – home equity loans/lines of credit 1,150 1,247 443 324 — 2,251 318,311 323,726 Real estate mortgage – commercial and other Pass 1,096,643 1,186,678 569,624 247,448 179 324,361 48,882 3,473,815 Special Mention 1,715 1,114 4,436 8,289 — 4,457 665 20,676 Classified 3,480 1,265 84 2,456 — 8,118 367 15,770 Total real estate mortgage – commercial and other 1,101,838 1,189,057 574,144 258,193 179 336,936 49,914 3,510,261 Consumer loans Pass 35,406 7,946 3,610 1,056 3 1,250 10,953 60,224 Special Mention — — — — — — — — Classified 320 31 3 1 — 25 55 435 Total consumer loans 35,726 7,977 3,613 1,057 3 1,275 11,008 60,659 Total $ 2,200,727 1,850,445 897,337 444,804 957 750,041 522,237 6,666,548 Unamortized net deferred loan fees (1,403) Total loans $ 6,665,145 At December 31, 2022, as derived from the table above, the Company had $39.0 million in loans graded as Special Mention and $48.5 million in loans graded as Classified, which includes all nonaccrual loans. In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the year ended December 31, 2022 amounted to $3.3 million. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2021. Acquired loans are presented in the year originated, not in the year of acquisition. Term Loans by Year of Origination ($ in thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Commercial, financial, and agricultural Pass $ 204,945 138,540 71,369 66,645 16,009 17,492 112,933 627,933 Special Mention 225 1,255 1,313 2,729 225 9 2,348 8,104 Classified 1,609 793 1,703 7,096 511 96 1,152 12,960 Total commercial, financial, and agricultural 206,779 140,588 74,385 76,470 16,745 17,597 116,433 648,997 Real estate – construction, land development & other land loans Pass 573,613 133,888 69,066 12,455 9,764 8,190 13,737 820,713 Special Mention 41 737 5,095 110 104 2 9 6,098 Classified 1,541 49 47 83 14 4 — 1,738 Total real estate – construction, development & other land loans 575,195 134,674 74,208 12,648 9,882 8,196 13,746 828,549 Real estate mortgage – residential (1-4 family) first mortgages Pass 241,619 224,617 120,097 82,531 86,074 234,950 11,051 1,000,939 Special Mention 888 615 516 229 323 3,237 94 5,902 Classified 419 156 535 1,185 653 11,246 931 15,125 Total real estate mortgage – residential (1-4 family) first mortgages 242,926 225,388 121,148 83,945 87,050 249,433 12,076 1,021,966 Real estate mortgage – home equity loans/lines of credit Pass 3,111 498 439 1,304 245 1,649 317,319 324,565 Special Mention 194 — 15 — — 19 1,341 1,569 Classified 75 97 71 — — 607 4,948 5,798 Total real estate mortgage – home equity loans/lines of credit 3,380 595 525 1,304 245 2,275 323,608 331,932 Real estate mortgage – commercial and other Pass 1,328,156 796,992 355,885 211,118 197,165 197,659 66,104 3,153,079 Special Mention 1,759 4,849 5,801 3,741 2,072 1,801 1,440 21,463 Classified 7,147 413 2,110 6,025 3,897 603 — 20,195 Total real estate mortgage – commercial and other 1,337,062 802,254 363,796 220,884 203,134 200,063 67,544 3,194,737 Consumer loans Pass 14,960 25,431 2,965 1,722 673 525 10,810 57,086 Special Mention — 4 — — — — — 4 Classified — 73 — 8 — 25 42 148 Total consumer loans 14,960 25,508 2,965 1,730 673 550 10,852 57,238 Total $ 2,380,302 1,329,007 637,027 396,981 317,729 478,114 544,259 6,083,419 Unamortized net deferred loan fees (1,704) Total loans $ 6,081,715 At December 31, 2021, as derived from the table above, the Company had $43.1 million in loans graded as Special Mention and $56.0 million in loans graded as Classified, which includes all nonaccrual loans. In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the year ended December 31, 2021 amounted to $1.0 million. Troubled Debt Restructurings The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, extension of terms and other actions intended to minimize potential losses. The vast majority of the Company’s TDRs modified during the years ended December 31, 2022, 2021, and 2020 related to interest rate reductions combined with extension of terms. The Company does not generally grant principal forgiveness. The Company’s TDRs can be classified as either nonaccrual or accruing based on the loan’s payment status. The TDRs that are nonaccrual are reported within the nonaccrual loan totals presented previously. The following table presents information related to loans modified in a TDR during the year ended December 31, 2022. For the year ended December 31, 2022 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial, financial, and agricultural 2 $ 143 143 Real estate – construction, land development & other land loans 1 67 67 Real estate mortgage – residential (1-4 family) first mortgages 2 75 78 TDRs – Nonaccrual Commercial, financial, and agricultural 5 744 744 Real estate mortgage – residential (1-4 family) first mortgages 1 36 36 Real estate mortgage – commercial and other 1 72 72 Total TDRs arising during period 12 $ 1,137 1,140 The following table presents information related to loans modified in a TDR during the year ended December 31, 2021. For the year ended December 31, 2021 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Real estate mortgage – residential (1-4 family) first mortgages 1 $ 33 33 TDRs – Nonaccrual Commercial, financial, and agricultural 5 1,438 1,435 Real estate – construction, land development & other land loans 1 75 75 Real estate mortgage – residential (1-4 family) first mortgages 1 263 263 Real estate mortgage – commercial and other 4 1,729 1,729 Total TDRs arising during period 12 $ 3,538 3,535 The following table presents information related to loans modified in a TDR during the year ended December 31, 2020. For the year ended December 31, 2020 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial, financial, and agricultural 2 $ 143 143 Real estate – construction, land development & other land loans 1 67 67 Real estate mortgage – residential (1-4 family) first mortgages 2 75 78 Consumer loans 1 4 4 TDRs – Nonaccrual Commercial, financial, and agricultural 1 72 72 Real estate mortgage – commercial and other 5 5,977 5,977 Total TDRs arising during period 12 $ 6,338 6,341 Accruing TDRs that were modified in the previous 12 months and that defaulted during the years ended December 31, 2022, 2021, and 2020 are presented in the table below. The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to foreclosed real estate. For the Year Ended December 31, 2022 For the Year Ended December 31, 2021 For the Year Ended December 31, 2020 ($ in thousands) Number of Recorded Number of Recorded Number of Recorded Accruing TDRs that subsequently defaulted Real estate mortgage – commercial and other — $ — — $ — 1 $ 274 Total accruing TDRs that subsequently defaulted — $ — — $ — 1 $ 274 Concentration of Credit Risk Most of the Company's business activity is with customers located within the markets where it has banking operations. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy within its markets. Approximately 90% of the Company's loan portfolio is secured by real estate and is therefore susceptible to changes in real estate valuations. Allowance for Credit Losses - Unfunded Loan Commitments In addition to the ACL on loans, the Company maintains an allowance for lending-related commitments such as unfunded loan commitments and letters of credit. Under CECL, the Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for lending-related commitments on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the allowance for credit losses on loans, and are discussed in Note 1. The allowance for credit losses for unfunded loan commitments of $13.3 million and $13.5 million at December 31, 2022 and December 31, 2021, respectively, is separately classified on the consolidated balance sheets within the line items "Other Liabilities." The following table prese nts the balance and activity in the allowance for credit losses for unfunded loan commitments for each period indicated. ($ in thousands) December 31, 2022 December 31, 2021 Beginning balance $ 13,506 $ 582 Adjustments for implementation of CECL on January 1, 2021 — 7,504 Day 2 provision for credit losses on unfunded commitments acquired from Select — 3,982 (Reversal of) provision for credit losses on changes in unfunded commitments (200) 1,438 Ending balance $ 13,306 $ 13,506 Allowance for Credit Losses - Securities HTM and AFS The ACL for securities HTM and AFS was immaterial at December 31, 2022 and December 31, 2021.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment Premises and equipment at December 31, 2022 and 2021 consisted of the following: ($ in thousands) Estimated Useful Lives 2022 2021 Land $ 45,363 45,398 Buildings 15 to 40 years 114,884 112,622 Furniture and equipment 5 to 10 years 33,147 31,099 Leasehold improvements 5 to 39 years 1,644 2,028 Total cost 195,038 191,147 Less accumulated depreciation and amortization (60,851) (55,055) Total premises and equipment $ 134,187 136,092 Depreciation expense amounted to $6.9 million, $6.2 million, and $5.8 million for the years ended December 31, 2022, 2021, and 2020, respectively, and is recorded in occupancy expense.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets as of December 31, 2022 and December 31, 2021 and the carrying amount of unamortizable intangible assets as of those same dates. December 31, 2022 December 31, 2021 ($ in thousands) Gross Carrying Accumulated Gross Carrying Accumulated Amortizable intangible assets: Customer lists $ 2,700 1,847 2,700 1,386 Core deposit intangibles 29,050 21,274 29,050 18,076 SBA servicing asset 13,264 9,260 11,932 6,460 Other 100 58 100 33 Total $ 45,114 32,439 43,782 25,955 Unamortizable intangible assets: Goodwill $ 364,263 364,263 Customer lists are generally amortized over five years and core deposit intangibles are generally amortized over 10 years, both at an accelerated rate. Amortization expense of all other intangible assets, excluding the SBA servicing asset, totaled $3.7 million, $3.5 million, and $4.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. SBA guarantee servicing fees and SBA servicing asset amortization expense are both recorded within noninterest income within the line item "Other service charges, commissions, and fees." The following table presents the changes in the SBA servicing assets for each period indicated. Impairment charges included with amortization expense in the table below were immaterial for each period presented. ($ in thousands) December 31, 2022 December 31, 2021 Beginning balance, net $ 5,472 5,788 New servicing assets 1,332 1,956 Amortization expense and impairment charges (2,800) (2,272) Ending balance, net $ 4,004 5,472 During 2022, 2021, and 2020, the Company recorded $3.4 million, $3.9 million, and $3.3 million, respectively, in SBA guarantee servicing fee income Goodwill is evaluated for impairment on at least an annual basis, with the annual evaluation occurring as of October 31st of each year. Goodwill is also evaluated for impairment any time there is a triggering event indicating that impairment may have occurred. No triggering events were identified during 2022 or 2021, and therefore, the Company did not perform interim impairment evaluations in either of those years. Each of the Company's goodwill impairment evaluations for the periods presented, including the most recent October 2022 evaluation, indicated that there was no goodwill impairment. The following table presents the changes in carrying amounts of goodwill: ($ in thousands) Total Goodwill Balance at December 31, 2020 $ 239,272 Additions from acquisition of Select 132,356 Reduction from disposal of First Bank Insurance (7,365) Balance at December 31, 2021 364,263 Net activity during 2022 — Balance at December 31, 2022 $ 364,263 In addition to the changes in goodwill presented above, activity for other intangibles related to transactions since January 1, 2021 are presented as follows. Refer to Note 2 for additional discussion of the transactions. • In connection with the Select acquisition on October 15, 2021, the Company recorded $9.2 million in core deposit intangibles. • Related to the sale of First Bank Insurance, customer lists with a carrying value of $2.8 million were derecognized. The following table presents the estimated amortization expense schedule related to acquisition-related amortizable intangible assets for each of the five calendar years ending December 31, 2027 and the estimated amount amortizable thereafter. These amounts will be recorded as "Intangibles amortization expense" within the noninterest expense section of the consolidated statements of income. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortizable intangible assets. ($ in thousands) Estimated 2023 $ 2,545 2024 1,718 2025 1,358 2026 962 2027 781 Thereafter 1,307 Total $ 8,671

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax expense for the years ended December 31, 2022, 2021, and 2020 are as follows: ($ in thousands) 2022 2021 2020 Current - Federal $ 35,616 25,742 27,799 - State 4,477 3,733 3,909 Deferred - Federal (1,658) (4,247) (8,893) - State (152) (553) (1,161) Total $ 38,283 24,675 21,654 The following is a reconciliation of federal income tax expense at the statutory rate of 21% at December 31, 2022, December 31, 2021, and December 31, 2020, to the income tax provision reported in the financial statements. ($ in thousands) 2022 2021 2020 Tax provision at statutory rate $ 38,896 25,266 21,657 Increase (decrease) in income taxes resulting from: Tax-exempt interest income (1,976) (1,589) (1,050) Low income housing and other tax credits (669) (1,229) (772) Bank-owned life insurance income (1,511) (589) (532) Non-deductible interest expense 26 14 23 State income taxes, net of federal benefit 3,369 2,472 2,117 Nondeductible merger expenses 107 242 — Change in valuation allowance (20) (10) (20) Other, net 61 98 231 Total $ 38,283 24,675 21,654 The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets, which are included in Other Assets on the consolidated balance sheets, are as follows at December 31, 2022 and 2021: ($ in thousands) 2022 2021 Deferred tax assets: Allowance for credit losses on loans $ 20,900 18,102 Allowance for credit losses on unfunded commitments 3,057 3,103 Excess book over tax pension plan cost 365 467 Deferred compensation 638 571 Federal & state net operating loss and tax credit carryforwards 197 206 Accruals, book versus tax 4,404 4,235 Pension — 81 Unrealized losses on securities available for sale 102,046 7,369 Foreclosed real estate 3 20 Basis differences in assets acquired in FDIC transactions — 504 Purchase accounting adjustments 2,982 4,076 Equity compensation 768 694 Partnership investments 652 310 Leases 151 108 SBA servicing asset 77 108 All other — 101 Gross deferred tax assets 136,240 40,055 Less: Valuation allowance (30) (10) Net deferred tax assets 136,210 40,045 Deferred tax liabilities: Loan fees (3,102) (2,840) Depreciable basis of fixed assets (5,493) (5,790) Amortizable basis of intangible assets (10,047) (10,328) Basis differences in assets acquired in FDIC transactions (108) — Trust preferred securities (416) (453) Pension (12) — Gross deferred tax liabilities (19,178) (19,411) Net deferred tax asset $ 117,032 20,634 The valuation allowances for 2022, 2021 and 2020 related primarily to state net operating loss carryforwards. It is management’s belief that the realization of the remaining net deferred tax assets is more likely than not. The Company had no significant uncertain tax positions, and thus no reserve for uncertain tax positions has been recorded. Additionally, the Company determined that it has no material unrecognized tax benefits that if recognized would affect the effective tax rate. The Company’s general policy is to record tax penalties and interest as a component of “other operating expenses.” The Company is subject to routine audits of its tax returns by the Internal Revenue Service and various state taxing authorities. The Company’s tax returns are subject to income tax audit by federal and state agencies beginning with the year 2019. There are no indications of any material adjustments relating to any examination currently being conducted by any taxing authority. Retained earnings at December 31, 2022, 2021 and 2020 included approximately $6.9 million representing pre-1988 tax bad debt reserve base year amounts for which no deferred income tax liability has been provided since these reserves are not expected to reverse or may never reverse. Circumstances that would require an accrual of a portion or all of this unrecorded tax liability are a reduction in qualifying loan levels relative to the end of 1987, failure to meet the definition of a bank, dividend payments in excess of accumulated tax earnings and profits, or other distributions in dissolution, liquidation or redemption of the Bank’s stock.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Related Party Transaction, Due from (to) Related Party [Abstract]
Deposits	Deposits The following table lists the composition of the deposit portfolio as of the end of the respective years. ($ in thousands) December 31, 2022 December 31, 2021 Noninterest-bearing checking accounts $ 3,566,003 3,348,622 Interest-bearing checking accounts 1,514,166 1,593,231 Money market accounts 2,416,146 2,562,283 Savings accounts 728,641 708,054 Other time deposits 726,254 555,084 Time deposits of $250,000 or more 276,319 357,355 Total deposits $ 9,227,529 $ 9,124,629 At December 31, 2022, the scheduled maturities of time deposits were as follows: ($ in thousands) 2023 $ 882,741 2024 61,393 2025 27,906 2026 17,565 2027 12,084 Thereafter 884 $ 1,002,573 Deposits received from executive officers and directors and their associates totaled approximately $2.0 million and $2.5 million at December 31, 2022 and 2021, respectively. Deposit overdrafts of approximately $0.8 million and $0.9 million at December 31, 2022 and 2021 are included within "Loans" on the consolidated balance sheets. As of December 31, 2022 and 2021, the Company held $276.3 million and $357.4 million, respectively, in time deposits of more than $250,000 (which was the FDIC insurance limit for insured deposits as of December 31, 2022). Brokered deposits were $261.9 million and $7.4 million at December 31, 2022 and 2021, respectively. Total reciprocal deposits through the Certificate of Deposit Account Registry Services ("CDARS") and Insured Cash Sweep ("ICS") were $10.3 million and $12.6 million at December 31, 2022 and 2021, respectively.

Borrowings and Borrowings Avail

Borrowings and Borrowings Availability	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings and Borrowings Availability	Borrowings and Borrowings Availability The following tables present information regarding the Company’s outstanding borrowings at December 31, 2022 and 2021 (dollars are in thousands) : Description – 2022 Due date Call Feature 2022 Amount Interest Rate FHLB Principal Reducing Credit 7/24/2023 None $ 32 1.00% fixed FHLB Principal Reducing Credit 12/22/2023 None 912 1.25% fixed FHLB Principal Reducing Credit 6/26/2028 None 214 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 38 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 158 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 159 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 329 0.50% fixed FHLB Daily Rate Credit 8/23/2023 None 40,000 4.57% fixed FHLB Fixed Rate Credit 1/9/2023 None 50,000 4.15% fixed FHLB Fixed Rate Credit 2/9/2023 None 50,000 4.35% fixed FHLB Fixed Rate Credit 2/1/2023 None 80,000 4.25% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 20,620 7.12% at 12/31/22 adjustable rate 3 month LIBOR + 2.70% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 6.08% at 12/31/22 adjustable rate 3 month LIBOR +2.00% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15% Total borrowings / weighted average rate as of December 31, 2022 290,918 4.82% Unamortized discount on acquired borrowings (3,411) Total borrowings $ 287,507 The following table presents information regarding the Company’s outstanding borrowings at December 31, 2021 (dollars are in thousands) : Description – 2021 Due date Call Feature 2021 Amount Interest Rate FHLB Principal Reducing Credit 7/24/2023 None $ 79 1.00% fixed FHLB Principal Reducing Credit 12/22/2023 None 952 1.25% fixed FHLB Principal Reducing Credit 6/26/2028 None 225 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 44 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 166 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 166 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 342 0.50% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 20,620 2.91% at 12/31/20 adjustable rate 3 month LIBOR +2.70% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 1.61% at 12/31/20 adjustable rate 3 month LIBOR + 1.39% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 2.24% at 12/31/20 adjustable rate 3 month LIBOR + 2.00% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 2.27% at 12/31/21 adjustable rate 3 month LIBOR + 2.15% Total borrowings / weighted average rate as of December 31, 2021 71,050 2.24% Unamortized discount on acquired borrowings (3,664) Total borrowings $ 67,386 All outstanding FHLB borrowings may be accelerated immediately by the FHLB in certain circumstances, including material adverse changes in the condition of the Company or if the Company’s qualifying collateral amounts to less than that required under the terms of the FHLB borrowing agreement. In the above tables, at December 31, 2022 short-term borrowings (original maturity terms of less than 3 months) totaled $220.0 million. There were no short-term borrowings at December 31, 2021. In the above tables, the $20.6 million in borrowings due on January 23, 2034 relate to borrowings structured as trust preferred capital securities that were issued by First Bancorp Capital Trusts II and III ($10.3 million by each trust), which are unconsolidated subsidiaries of the Company, on December 19, 2003 and qualify as capital for regulatory capital adequacy requirements. These unsecured debt securities became callable by the Company at par on any quarterly interest payment date beginning on January 23, 2009. The interest rate on these debt securities adjusts on a quarterly basis at a rate of three-month LIBOR plus 2.70%. In the above tables, the $25.8 million in borrowings due on June 15, 2036 relate to borrowings structured as trust preferred capital securities that were issued by First Bancorp Capital Trust IV, an unconsolidated subsidiary of the Company, on April 13, 2006 and qualify as capital for regulatory capital adequacy requirements. These unsecured debt securities became callable by the Company at par on any quarterly interest payment date beginning on June 15, 2011. The interest rate on these debt securities adjusts on a quarterly basis at a rate of three-month LIBOR plus 1.39%. In the above tables, the $10.3 million in borrowings due on January 7, 2035 relate to borrowings structured as trust preferred capital securities that were issued by Carolina Capital Trust, an unconsolidated subsidiary of the Company. The Company acquired Carolina Bank Holdings, Inc. and its subsidiary, Carolina Capital Trust, on March 3, 2017. These unsecured debt securities qualify as capital for regulatory capital adequacy requirements and became callable by the Company at par on any quarterly interest payment date beginning on January 7, 2010. The interest rate on these debt securities adjusts on a quarterly basis at a rate of three-month LIBOR plus 2.00%. In the above tables, the $12.4 million in borrowings due on September 20, 2034 relate to borrowings structured as trust preferred capital securities that were issued by New Century Statutory Trust I, an unconsolidated subsidiary of the Company. The Company acquired Select Bancorp, Inc. and its subsidiary, New Century Statutory Trust I, on October 15, 2021. These unsecured debt securities qualify as capital for regulatory capital adequacy requirements and became callable by the Company at par on any quarterly interest payment date beginning on September 20, 2009. The interest rate on these debt securities adjusts on a quarterly basis at a rate of three-month LIBOR plus 2.15%. At December 31, 2022, the Company had three sources of readily available borrowing capacity: • An $847.1 million line of credit with the FHLB that can be structured as either short-term or long-term borrowings, depending on the particular funding or liquidity needs and is secured by the Company’s FHLB stock and a blanket lien on most of its real estate loan portfolio. $221.8 million was outstanding at December 31, 2022 and $2.0 million was outstanding at December 31, 2021; • A total of $265.0 million federal funds lines of credit with correspondent banks which allow the Company to purchase federal funds on an overnight, unsecured basis. None was outstanding at December 31, 2022 or 2021; and • An approximately $165.4 million line of credit through the Federal Reserve discount window, and is secured by a blanket lien on a portion of the Company’s commercial and consumer loan portfolio (excluding real estate collateral). None was outstanding at December 31, 2022 or 2021.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Lessee Disclosure [Abstract]
Leases	Leases The Company enters into leases in the normal course of business. As of December 31, 2022, the Company leased 16 branch offices for which the land and buildings are leased and nine branch offices for which the land is leased but the building is owned. The Company also leases office space for several operational departments. All of the Company’s leases are operating leases under applicable accounting standards and the lease agreements have maturity dates ranging from July 2023 through May 2076, some of which include options for multiple five Leases are classified as either operating or finance leases at the lease commencement date, and as previously noted, all of the Company's leases have been determined to be operating leases. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease term. Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company uses its incremental borrowing rate, on a collateralized basis, at lease commencement to calculate the present value of lease payments when the rate implicit in the lease is not known. The weighted average discount rate for leases was 2.97% as of December 31, 2022. The right-of-use assets and lease liabilities were $18.7 million and $19.4 million as of December 31, 2022, respectively, and were $20.7 million and $21.2 million as of December 31, 2021, respectively. Total operating lease expense charged to operations under all operating lease agreements was $2.9 million in 2022, $2.6 million in 2021, and $2.9 million in 2020. Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2022 for each of the five calendar years ending December 31, 2027 are as follows: ($ in thousands) 2023 $ 2,360 2024 2,163 2025 1,706 2026 1,685 2027 1,547 Thereafter 18,441 Total undiscounted lease payments 27,902 Less effect of discounting (8,511) Present value of estimated lease payments (lease liability) $ 19,391

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans 401(k) Plan . The Company sponsors a retirement savings plan pursuant to Section 401(k) of the Internal Revenue Code ("IRC"). New employees who have met the age requirement are automatically enrolled in the plan at a 6% deferral rate. The automatic deferral can be modified by the employee at any time. An eligible employee may contribute up to 15% of annual salary to the plan, not to exceed IRC limits. The Company’s matches 100% of the employee’s contribution up to 6%. The Company’s matching contribution expense was $4.9 million, $4.3 million, and $4.3 million for the years ended December 31, 2022, 2021, and 2020, respectively. Although discretionary contributions by the Company are permitted by the plan, the Company did not make any such contributions in the years presented. The Company’s matching and discretionary contributions are made according to the same investment elections each participant has established for their deferral contributions. Pension Plan . Historically, the Company offered a noncontributory defined benefit retirement plan (the “Pension Plan”) that qualified under Section 401(a) of the IRC. The Pension Plan provided for a monthly payment, at normal retirement age of 65, equal to one-twelfth of the sum of (i) 0.75% of Final Average Annual Compensation (five highest consecutive calendar years’ earnings out of the last ten years of employment) multiplied by the employee’s years of service not in excess of 40 years, and (ii) 0.65% of Final Average Annual Compensation in excess of the average social security wage base multiplied by years of service not in excess of 35 years. Benefits were fully vested after five years of service. Effective December 31, 2012, the Company froze the Pension Plan for all participants. The Company’s contributions to the Pension Plan are based on computations by independent actuarial consultants and are intended to be deductible for income tax purposes. As discussed below, the contributions are invested to provide for benefits under the Pension Plan. The Company did not make any contributions to the Pension Plan for any of the years presented. The Company also does not expect to contribute to the Pension Plan in 2023. The following table reconciles the beginning and ending balances of the Pension Plan’s benefit obligation, as computed by the Company’s independent actuarial consultants, and its plan assets, with the difference between the two amounts representing the funded status of the Pension Plan as of the end of the respective year. ($ in thousands) 2022 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 41,657 44,750 41,592 Service cost — — — Interest cost 1,043 981 1,223 Actuarial (gain) loss (10,286) (2,041) 3,788 Benefits paid (1,803) (2,033) (1,853) Accumulated benefit obligation at end of year 30,611 41,657 44,750 Change in plan assets Plan assets at beginning of year 44,904 48,167 43,824 Actual return on plan assets (9,446) (1,230) 6,196 Employer contributions — — — Benefits paid (1,803) (2,033) (1,853) Plan assets at end of year 33,655 44,904 48,167 Funded status at end of year $ 3,044 3,247 3,417 The amount recognized in the Other Assets in the consolidated balance sheets at December 31, 2022 and 2021 as it relates to the Pension Plan, excluding the related deferred tax assets, was $3.0 million and $3.2 million. The following table presents information regarding the amounts recognized in accumulated other comprehensive income (loss) (“AOCI”) at December 31, 2022 and 2021, as it relates to the Pension Plan. ($ in thousands) 2022 2021 Net loss $ (1,497) (1,441) Prior service cost — — Amount recognized in AOCI before tax effect (1,497) (1,441) Tax benefit 344 331 Net amount recognized as decrease to AOCI $ (1,153) (1,110) The following table reconciles the beginning and ending balances of AOCI at December 31, 2022 and 2021, as it relates to the Pension Plan: ($ in thousands) 2022 2021 Accumulated other comprehensive loss at beginning of fiscal year $ (1,110) (1,364) Net loss arising during period (312) (247) Amortization of unrecognized actuarial loss 256 577 Tax expense (benefit) of changes during the year, net 13 (76) Accumulated other comprehensive loss at end of fiscal year $ (1,153) (1,110) The following table reconciles the beginning and ending balances of the prepaid pension cost related to the Pension Plan: ($ in thousands) 2022 2021 Prepaid pension cost as of beginning of fiscal year $ 4,689 5,188 Net periodic pension cost for fiscal year (147) (499) Actual employer contributions — — Prepaid pension asset as of end of fiscal year $ 4,542 4,689 Net pension cost for the Pension Plan included the following components for the years ended December 31, 2022, 2021, and 2020: ($ in thousands) 2022 2021 2020 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 1,043 981 1,223 Expected return on plan assets (1,152) (1,059) (1,300) Net amortization and deferral 256 577 843 Net periodic pension cost $ 147 499 766 The following table is an estimate of the benefits that will be paid in accordance with the Pension Plan for each of the five calendar years ending December 31, 2027 and thereafter, assuming the Pension Plan is operated on an ongoing basis. ($ in thousands) Estimated 2023 $ 1,932 2024 1,973 2025 2,035 2026 2,069 2027 2,109 2028-2032 10,728 The investment objective of the Company’s Pension Plan is to ensure that there are sufficient assets to fund regular pension benefits payable to employees over the long-term life of the plan. The Plan seeks to allocate plan assets in a manner that is closely duration-matched with the actuarial projected cash flows of the Plan liabilities, consistent with prudent standards for preservation of capital, tolerance of investment risk, and maintenance of liquidity. Assets of the Plan are held by Fidelity Investments as Trustee. In 2018, the Pension Plan adopted a liability-driven investment strategy to help meet these objectives. This strategy employs a structured fixed-income portfolio designed to reduce volatility in the Pension Plan’s future funding requirements and funding status. This is accomplished by using a blend of high quality corporate and government fixed-income securities, with both intermediate and long-term durations. Generally, the value of these fixed income securities is inversely correlated to changes in market interest rates, which substantially offsets changes in the value of the pension benefit obligation caused by changes in the interest rate used to discount plan liabilities. The fair values of the Company’s pension plan assets at December 31, 2022, by asset category, were as follows: ($ in thousands) Total Fair Value at December 31, Quoted Prices in Significant Other Significant Cash and cash equivalents $ 194 — 194 — Fixed income investment funds 33,461 — 33,461 — Total $ 33,655 — 33,655 — The fair values of the Company’s Pension Plan assets at December 31, 2021, by asset category, were as follows: ($ in thousands) Total Fair Value at December 31, Quoted Prices in Significant Other Significant Cash and cash equivalents $ 267 — 267 — Fixed income investment funds 44,637 — 44,637 — Total $ 44,904 — 44,904 — The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2022 and 2021. - Cash and cash equivalents: Valued at net asset value (“NAV”), which can be validated with a sufficient level of observable activity (i.e. purchases and sales at NAV), and therefore, the funds were classified within Level 2 of the fair value hierarchy. - Fixed income funds consist of commingled funds that primarily include investments in U.S. government securities and corporate bonds. The commingled funds also include an insignificant portion of investments in other asset-based securities, municipal securities, etc. The commingled funds are valued at the NAV for the units in the fund. The NAV, as provided by the Trustee, is used as practical expedient to estimate fair value. The NAV is based on the fair value of the underlying investments held by the fund. Supplemental Executive Retirement Plan . Historically, the Company sponsored a Supplemental Executive Retirement Plan (the “SERP”) for the benefit of certain senior management executives of the Company. The purpose of the SERP was to provide additional monthly pension benefits to ensure that each such senior management executive would receive lifetime monthly pension benefits equal to 3% of his or her final average compensation multiplied by his or her years of service (maximum of 20 years) to the Company or its subsidiaries, subject to a maximum of 60% of his or her final average compensation. The amount of a participant’s monthly SERP benefit is reduced by (i) the amount payable under the Company’s Pension Plan (described above), and (ii) 50% of the participant’s primary social security benefit. Final average compensation means the average of the five highest consecutive calendar years of earnings during the last ten years of service prior to termination of employment. The SERP is an unfunded plan. Payments are made from the general assets of the Company. Effective December 31, 2012, the Company froze the SERP to all participants. The following table reconciles the beginning and ending balances of the SERP’s benefit obligation, as computed by the Company’s independent actuarial consultants: ($ in thousands) 2022 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 4,660 5,982 5,638 Service cost — — — Interest cost 112 119 158 Actuarial (gain) loss (1,006) (1,119) 517 Benefits paid (245) (322) (331) Accumulated benefit obligation at end of year 3,521 4,660 5,982 Plan assets — — — Funded status at end of year $ (3,521) (4,660) (5,982) The amount recognized in the Other Liabilities in the consolidated balance sheets at December 31, 2022 and 2021 as it relates to the SERP, excluding the related deferred tax assets, was $3.5 million and $4.7 million. The following table presents information regarding the amounts recognized in AOCI at December 31, 2022 and 2021, as it relates to the SERP: ($ in thousands) 2022 2021 Net gain $ 1,551 1,088 Prior service cost — — Amount recognized in AOCI before tax effect 1,551 1,088 Tax expense (356) (250) Net amount recognized as increase to AOCI $ 1,195 838 The following table reconciles the beginning and ending balances of AOCI at December 31, 2022 and 2021, as it relates to the SERP: ($ in thousands) 2022 2021 Accumulated other comprehensive income (loss) at beginning of fiscal year $ 838 (35) Net gain arising during period 1,007 1,119 Prior service cost — — Amortization of unrecognized actuarial (loss) gain (544) 15 Amortization of prior service cost and transition obligation — — Tax expense related to changes during the year, net (106) (261) Accumulated other comprehensive income at end of fiscal year $ 1,195 838 The following table reconciles the beginning and ending balances of the prepaid pension cost related to the SERP: ($ in thousands) 2022 2021 Accrued liability as of beginning of fiscal year $ (5,748) (5,936) Net periodic pension cost for fiscal year 432 (134) Benefits paid 245 322 Accrued liability as of end of fiscal year $ (5,071) (5,748) Net pension cost for the SERP included the following components for the years ended December 31, 2022, 2021, and 2020: ($ in thousands) 2022 2021 2020 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 112 119 158 Net amortization and deferral (544) 15 (157) Net periodic pension cost $ (432) 134 1 The following table is an estimate of the benefits that will be paid in accordance with the SERP for each of the five calendar years ending December 31, 2027 and thereafter: ($ in thousands) Estimated 2023 $ 240 2024 237 2025 275 2026 277 2027 295 2028-2032 1,345 Applicable to both Plans The components of net periodic benefit cost other than the service cost component are included in the line item "Other operating expenses" in the consolidated statements of income. The following assumptions were used in determining the actuarial information for the Pension Plan and the SERP for the years ended December 31, 2022, 2021, and 2020: 2022 2021 2020 Pension SERP Pension SERP Pension SERP Discount rate used to determine net periodic pension cost 2.62 % 2.48 % 2.24 % 2.04 % 3.03 % 2.89 % Discount rate used to calculate end of year liability disclosures 4.94 % 4.90 % 2.62 % 2.48 % 2.24 % 2.04 % Expected long-term rate of return on assets 2.62 % n/a 2.24 % n/a 3.03 % n/a The Company’s discount rate policy for the Pension Plan is based on a calculation of the Company’s expected pension payments, with those payments discounted using the FTSE yield curve (formerly called the Citigroup Pension Index yield curve) that matches the specific expected cash flows of the Pension Plan. The discount rate policy for the SERP is to use the FTSE yield curve that matches the expected cash flows of the SERP.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the financial statements. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. Commitments may expire without being used. The following table presents the Company’s outstanding loan commitments at December 31, 2022 and December 31, 2021. December 31, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Loan commitments $ 681,486 211,071 892,557 389,758 230,521 620,279 Unused lines of credit 273,244 1,194,575 1,467,819 273,693 1,176,803 1,450,496 Total $ 954,730 1,405,646 2,360,376 663,451 1,407,324 2,070,775 At December 31, 2022 and 2021, the Company had $20.2 million and $21.3 million, respectively, in standby letters of credit outstanding. The Company has no carrying amount for these standby letters of credit at either of those dates. The nature of the standby letters of credit is a stand-alone obligation made on behalf of the Company’s customers to suppliers of the customers to guarantee payments owed to the supplier by the customer. The standby letters of credit are generally for terms for one year, at which time they may be renewed for another year if both parties agree. The Company maintains an ACL for unfunded loan commitments which is included in the balance of other liabilities in the consolidated balance sheets. The ACL for unfunded loan commitments is determined as part of the quarterly ACL analysis. The Company also periodically invests in limited partnerships and LLCs primarily for the purposes of fulfilling CRA requirements and obtaining tax credits. As of December 31, 2022, the Company had a remaining funding commitments of $28.6 million related to these investments. See Note 10 with respect to future obligations under operating leases and Note 11 with respect to future benefits that will be paid under the Company's Pension Plan and SERP. The Company, in the normal course of business, may be subject to various pending and threatened lawsuits in which claims for monetary damages are asserted. The Company is not involved in any legal proceedings which, in management’s opinion, could have a material effect on the consolidated financial position of the Company.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal and most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2022. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Significant Other Observable Inputs (Level 2) Significant Recurring Securities available for sale: US Treasury securities $ 168,758 — 168,758 — Government-sponsored enterprise securities 57,456 — 57,456 — Mortgage-backed securities 2,045,000 — 2,045,000 — Corporate bonds 43,279 — 43,279 — Total available for sale securities $ 2,314,493 — 2,314,493 — Presold mortgages in process of settlement $ 1,282 1,282 — — Nonrecurring Individually evaluated loans $ 9,590 — — 9,590 Foreclosed real estate 38 — — 38 The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2021. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Significant Significant Recurring Securities available for sale: Government-sponsored enterprise securities $ 69,179 — 69,179 — Mortgage-backed securities 2,514,805 — 2,514,805 — Corporate bonds 46,430 — 46,430 — Total available for sale securities $ 2,630,414 — 2,630,414 — Presold Mortgages in process of settlement $ 19,257 19,257 — — Nonrecurring Impaired loans $ 11,583 — — 11,583 Foreclosed real estate 364 — — 364 The following is a description of the valuation methodologies used for instruments measured at fair value. Presold Mortgages in Process of Settlement - The fair value is based on the committed price that an investor has agreed to pay for the loan and is considered a Level 1 input. Securities Available for Sale — When quoted market prices are available in an active market, the securities are classified as Level 1 in the valuation hierarchy. If quoted market prices are not available, but fair values can be estimated by observing quoted prices of securities with similar characteristics, the securities are classified as Level 2 on the valuation hierarchy. Most of the fair values for the Company’s Level 2 securities are determined by our third-party bond accounting provider using matrix pricing. Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. For the Company, Level 2 securities include mortgage-backed securities, commercial mortgage-backed obligations, government-sponsored enterprise securities, and corporate bonds. In cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. The Company reviews the pricing methodologies utilized by the bond accounting provider to ensure the fair value determination is consistent with the applicable accounting guidance and that the investments are properly classified in the fair value hierarchy. Individually evaluated loans — Fair values for individually evaluated loans are measured on a non-recurring basis and are based on the underlying collateral values securing the loans, adjusted for estimated selling costs, or the net present value of the cash flows expected to be received for such loans. Collateral may be in the form of real estate or business assets including equipment, inventory and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is generally determined by third-party appraisers using an income or market valuation approach based on an appraisal conducted by an independent, licensed third party appraiser (Level 3). The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable borrower’s financial statements if not considered significant. Likewise, values for inventory and accounts receivable collateral are based on borrower financial statement balances or aging reports on a discounted basis as appropriate (Level 3). Appraisals used in this analysis are generally obtained at least annually based on when the loans first became impaired, and thus the appraisals are not necessarily as of the period ends presented. Any fair value adjustments are recorded in the period incurred as provision for credit losses on the consolidated statements of income. Foreclosed real estate – Foreclosed real estate, consisting of properties obtained through foreclosure or in satisfaction of loans, is reported at the lower of cost or fair value. Fair value is measured on a non-recurring basis and is based upon independent market prices or current appraisals that are generally prepared using an income or market valuation approach and conducted by an independent, licensed third party appraiser, adjusted for estimated selling costs (Level 3). Appraisals used in this analysis are generally obtained at least annually based on when the assets were acquired, and thus the appraisals are not necessarily as of the period ends presented. At the time of foreclosure, any excess of the loan balance over the fair value of the real estate held as collateral is treated as a charge against the allowance for loan losses. For any real estate valuations subsequent to foreclosure, any excess of the real estate recorded value over the fair value of the real estate is treated as a foreclosed real estate write-down on the consolidated statements of income. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 5,680 Appraised value Discounts applied for estimated costs to sell 10% Individually evaluated loans - cash-flow dependent 3,909 PV of expected cash flows Discount rates used in the calculation of PV of expected cash flows 5.5% - 11.1% (6.76%) Foreclosed real estate 38 Appraised value Discounts applied for estimated costs to sell 10% For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Impaired loans - valued at collateral value $ 7,326 Appraised value Discounts applied for estimated costs to sell 10% Impaired loans - valued at PV of expected cash flows 4,257 PV of expected cash flows Discount rates used in the calculation of PV of expected cash flows 4% -11% (6.22%) Foreclosed real estate 364 Appraised value Discounts applied for estimated costs to sell 10% The carrying amounts and estimated fair values of financial instruments not carried at fair value as of December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Level in Carrying Estimated Carrying Estimated Cash and due from banks, noninterest-bearing Level 1 $ 101,133 101,133 128,228 128,228 Due from banks, interest-bearing Level 1 169,185 169,185 332,934 332,934 Securities held to maturity Level 2 541,700 432,528 513,825 511,699 SBA and other loans held for sale Level 2 — — 61,003 62,004 Total loans, net of allowance Level 3 6,574,178 6,240,870 6,002,926 5,990,235 Accrued interest receivable Level 1 29,710 29,710 25,896 25,896 Bank-owned life insurance Level 1 164,592 164,592 165,786 165,786 SBA servicing asset Level 3 4,004 4,721 5,472 5,546 Deposits Level 2 9,227,529 9,218,945 9,124,629 9,124,701 Borrowings Level 2 287,507 277,146 67,386 61,295 Accrued interest payable Level 1 2,738 2,738 607 607 Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no highly liquid market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on 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. Significant assets and liabilities that are not considered financial assets or liabilities include net premises and equipment, intangible and other assets such as deferred income taxes, prepaid expense accounts, income taxes currently payable, and other various accrued expenses. In addition, the income tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recorded total stock-based compensation expense of $3.0 million, $2.3 million, and $2.5 million for the years ended December 31, 2022, 2021, and 2020, respectively. The Company recognized $0.7 million, $0.5 million, and $0.6 million of income tax benefits related to stock-based compensation expense in its income statement for the years ended December 31, 2022, 2021, and 2020, respectively. At December 31, 2022, the sole equity-based compensation plan for the Company is the First Bancorp 2014 Equity Plan (the "Equity Plan"), which was approved by shareholders on May 8, 2014. As of December 31, 2022, the Equity Plan had 348,087 shares remaining available for grant. The Equity Plan is intended to serve as a means to attract, retain, and motivate key employees and directors and to associate the interests of the Plan's participants with those of the Company and its shareholders. The Equity Plan allows for both grants of stock options and other types of equity-based compensation, including stock appreciation rights, restricted and unrestricted stock, restricted performance stock, and performance units. For the last several years, the only equity-based compensation granted by the Company has been shares of restricted stock, as it relates to employees, and unrestricted stock as it relates to non-employee directors. Recent restricted stock awards to employees typically include service-related vesting conditions only. Compensation expense for these grants is recorded over the requisite service periods. Upon forfeiture, any previously recognized compensation cost is reversed. Upon a change in control (as defined in the Equity Plan), unless the awards remain outstanding or substitute equivalent awards are provided, the awards become immediately vested. Certain of the Company’s equity grants contain terms that provide for a graded vesting schedule whereby portions of the award vest in increments over the requisite service period. The Company recognizes compensation expense for awards with graded vesting schedules on a straight-line basis over the requisite service period for each incremental award. Compensation expense is based on the estimated number of stock awards that will ultimately vest. Over the past five years, there have been insignificant amounts of forfeitures, and therefore the Company assumes that all awards granted with service conditions only will vest. The Company issues new shares of common stock when options are exercised. In addition to employee equity awards, the Company's practice is to grant unrestricted common shares to each non-employee director (currently 12 in total) in June of each year. These grants were each valued at approximately $32,000 in 2022. Compensation expense associated with these director awards is recognized on the date of the award since there are no vesting conditions. On June 1, 2022, the Company granted 10,344 shares of common stock to non-employee directors (862 shares per director), at a fair market value of $37.12 per share, which was the closing price of the Company’s common stock on that date, which resulted in $384,000 in expense. On June 1, 2021, the Company granted 7,050 shares of common stock to non-employee directors (705 shares per director), at a fair market value of $45.41 per share, which was the closing price of the Company’s common stock on that date, which resulted in $320,000 in expense. The expense associated with director grants is classified as "other operating expense" in the consolidated statements of income. The following table presents information regarding the activity during 2020, 2021, and 2022 related to the Company’s outstanding restricted stock: Long-Term Restricted Stock Shares Grant Date Fair Value Nonvested at January 1, 2020 159,366 $ 36.79 Granted during the period 68,704 26.96 Vested during the period (55,965) 33.91 Nonvested at December 31, 2020 172,105 33.80 Granted during the period 104,414 40.56 Vested during the period (63,369) 39.82 Forfeited or expired during the period (6,819) 37.32 Nonvested at December 31, 2021 206,331 35.25 Granted during the period 95,960 38.09 Vested during the period (70,110) 36.69 Forfeited or expired during the period (9,169) 32.62 Nonvested at December 31, 2022 223,012 36.14 Total unrecognized compensation expense as of December 31, 2022 amounted to $4.7 million with a weighted average remaining term of 2.1 years. The Company expects to record $2.5 million of compensation expense in the next twelve months related to these nonvested awards that are outstanding at December 31, 2022.

Regulatory Restrictions

Regulatory Restrictions	12 Months Ended
	Dec. 31, 2022
Regulatory Restrictions [Abstract]
Regulatory Restrictions	Regulatory Restrictions The Company is regulated by the Federal Reserve and is subject to securities registration and public reporting regulations of the Securities and Exchange Commission. The Bank is regulated by the Federal Reserve and the North Carolina Commissioner of Banks. The primary source of funds for the payment of dividends by the Company is dividends received from its subsidiary, the Bank. The Bank, as a North Carolina banking corporation, may declare dividends so long as such dividends do not reduce its capital below its applicable required capital (typically, the level of capital required to be deemed “adequately capitalized”). As of December 31, 2022, approximately $830.8 million of the Company’s investment in the Bank was restricted as to transfer to the Company without obtaining prior regulatory approval. There was no average reserve balance requirement under the requirements of the Federal Reserve at December 31, 2022. The Company and the Bank must comply with regulatory capital requirements established by the Federal Reserve. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Company’s and the Bank’s respective regulatory capital ratios as of December 31, 2022 and 2021, along with the minimum amounts required for capital adequacy purposes and to be well capitalized under prompt corrective action in effect at such times are presented below. There are no conditions or events since year-end that management believes have changed the Company’s or the Bank's classification. Actual Fully Phased-In Regulatory To Be Well Capitalized ($ in thousands) Amount Ratio Amount Ratio Amount Ratio (must equal or exceed) (must equal or exceed) As of December 31, 2022 Common Equity Tier I Capital Ratio Company $ 1,010,369 13.02 % 543,403 7.00 % N/A N/A Bank 1,077,526 13.88 % 543,301 7.00 % 504,494 6.50 % Total Capital Ratio Company 1,171,084 15.09 % 815,104 10.50 % N/A N/A Bank 1,174,634 15.13 % 814,951 10.50 % 776,144 10.00 % Tier I Capital Ratio Company 1,073,958 13.83 % 659,846 8.50 % N/A N/A Bank 1,077,526 13.88 % 659,723 8.50 % 620,915 8.00 % Leverage Ratio Company 1,073,958 10.51 % 408,623 4.00 % N/A N/A Bank 1,077,526 10.55 % 408,569 4.00 % 510,712 5.00 % As of December 31, 2021 Common Equity Tier I Capital Ratio Company $ 888,936 12.53 % 496,635 7.00 % N/A N/A Bank 934,687 13.18 % 496,285 7.00 % 460,836 6.50 % Total Capital Ratio Company 1,040,964 14.67 % 744,953 10.50 % N/A N/A Bank 1,023,354 14.43 % 744,427 10.50 % 708,979 10.00 % Tier I Capital Ratio Company 952,272 13.42 % 603,057 8.50 % N/A N/A Bank 934,687 13.18 % 602,632 8.50 % 567,183 8.00 % Leverage Ratio Company 952,272 9.39 % 405,790 4.00 % N/A N/A Bank 934,687 9.22 % 405,652 4.00 % 507,065 5.00 %

Supplementary Income Statement

Supplementary Income Statement Information	12 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Supplementary Income Statement Information	Supplementary Income Statement Information Components of other noninterest income or noninterest expense exceeding 1% of total revenue ($4.1 million) for any of the years ended December 31, 2022, 2021, and 2020 are as follows: ($ in thousands) 2022 2021 2020 Noninterest income: Other service charges, commissions, and fees – interchange fees, net $ 14,996 17,323 13,101 Noninterest expense: Other operating expenses – software costs 6,064 5,315 5,149 Other operating expenses – data processing expense 7,535 5,959 4,743 Other operating expenses – credit card rewards expense 547 3,431 2,391

Condensed Parent Company Inform

Condensed Parent Company Information	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Parent Company Information	Condensed Parent Company Information Condensed financial data for the Company (parent company only) follows: CONDENSED BALANCE SHEETS As of December 31, ($ in thousands) 2022 2021 Assets Cash on deposit with bank subsidiary $ 5,611 18,625 Investment in wholly-owned subsidiaries, at equity 1,100,829 1,279,285 Premises and Equipment 7 7 Other assets 22 5,056 Total assets $ 1,106,469 1,302,973 Liabilities and shareholders’ equity Trust preferred securities $ 65,665 65,412 Other liabilities 9,208 6,986 Total liabilities 74,873 72,398 Shareholders’ equity 1,031,596 1,230,575 Total liabilities and shareholders’ equity $ 1,106,469 1,302,973 CONDENSED STATEMENTS OF INCOME Year Ended December 31, ($ in thousands) 2022 2021 2020 Dividends from wholly-owned subsidiaries $ 17,400 25,300 63,100 Earnings of wholly-owned subsidiaries, net of dividends 133,147 75,697 20,899 Interest expense (2,672) (1,455) (1,743) All other expense, net (939) (3,898) (779) Net income $ 146,936 95,644 81,477 CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, ($ in thousands) 2022 2021 2020 Operating Activities: Net income $ 146,936 95,644 81,477 Equity in undistributed earnings of subsidiaries (133,147) (75,697) (20,899) Decrease in other assets 4,055 3,924 5,806 Increase (decrease) in other liabilities 642 (859) (3) Total – operating activities 18,486 23,012 66,381 Investing Activities: Net cash received in acquisitions — 7,379 — Total - investing activities — 7,379 — Financing Activities: Payment of common stock cash dividends (30,660) (22,228) (20,936) Repurchases of common stock — (4,036) (31,868) Stock withheld for payment of taxes (840) (786) (307) Total - financing activities (31,500) (27,050) (53,111) Net (decrease) increase in cash (13,014) 3,341 13,270 Cash, beginning of year 18,625 15,284 2,014 Cash, end of year $ 5,611 18,625 15,284

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Rabbi Trust Obligations With the acquisition of Carolina Bank in March 2017, the Company assumed a deferred compensation plan structured as a Rabbi Trust for certain members of Carolina Bank’s board of directors that is fully funded by Company common stock, which was valued at $7.7 million on the date of acquisition. Subsequent to this acquisition, approximately $6.1 million of the deferred compensation has been paid to the plan participants. The balances of the related asset and liability were $1.6 million and $1.8 million at December 31, 2022 and December 31, 2021, respectively, both of which are presented as components of shareholders’ equity. In the acquisition of Select on October 15, 2021, the Company assumed a deferred compensation plan structured as a Rabbi Trust for certain members of Select’s board of directors that is fully funded by Company common stock, which was valued at $5.1 million on the date of acquisition. This plan was fully liquidated during the fourth quarter of 2021 by distributing the shares to the participants. Stock Repurchases During 2022, the Company did not repurchase any shares of the Company's common stock. The $40.0 million repurchase authorization in effect during 2022 expired December 31, 2022 and the Company's Board has not approved any additional repurchase authorizations.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of the income (numerator) and shares (denominator) used in computing Basic and Diluted Earnings Per Common Share ("EPS"): For Years Ended December 31, 2022 2021 2020 ($ in thousands except per Income Shares Per Share Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 146,936 $ 95,644 $ 81,477 Less: income allocated to participating securities (779) (483) (398) Basic EPS per common share $ 146,157 35,485,620 $ 4.12 $ 95,161 29,876,151 $ 3.19 $ 81,079 28,839,866 $ 2.81 Diluted EPS: Net income $ 146,936 35,485,620 $ 95,644 29,876,151 $ 81,477 28,839,866 Effect of Dilutive Securities — 189,110 — 151,634 — 141,701 Diluted EPS per common share $ 146,936 35,674,730 $ 4.12 $ 95,644 30,027,785 $ 3.19 $ 81,477 28,981,567 $ 2.81 For the years ended December 31, 2022 ,

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income The components of AOCI for the Company are as follows: ($ in thousands) December 31, December 31, December 31, Unrealized (loss) gain on securities available for sale $ (444,063) (32,067) 20,448 Deferred tax asset (liability) 102,046 7,369 (4,699) Net unrealized (loss) gain on securities available for sale (342,017) (24,698) 15,749 Postretirement plans asset (liability) 54 (353) (1,817) Deferred tax (liability) asset (12) 81 418 Net postretirement plans asset (liability) 42 (272) (1,399) Total accumulated other comprehensive (loss) income $ (341,975) (24,970) 14,350 The following table discloses the changes in AOCI for the years ended December 31, 2022, 2021, and 2020 (all amounts are net of tax). ($ in thousands) Unrealized Gain (Loss) on Securities Available for Sale Postretirement Plans (Liability) Asset Total Beginning balance at January 1, 2020 $ 7,504 (2,381) 5,123 Other comprehensive income before reclassifications 14,425 454 14,879 Amounts reclassified from accumulated other comprehensive income (6,180) 528 (5,652) Net current-period other comprehensive income 8,245 982 9,227 Ending balance at December 31, 2020 15,749 (1,399) 14,350 Other comprehensive (loss) income before reclassifications (41,400) 671 (40,729) Amounts reclassified from accumulated other comprehensive income 953 456 1,409 Net current-period other comprehensive (loss) income (40,447) 1,127 (39,320) Ending balance at at December 31, 2021 (24,698) (272) (24,970) Other comprehensive (loss) income before reclassifications (317,319) 536 (316,783) Amounts reclassified from accumulated other comprehensive income — (222) (222) Net current-period other comprehensive (loss) income (317,319) 314 (317,005) Ending balance at December 31, 2022 $ (342,017) 42 (341,975) Amounts reclassified from AOCI for Unrealized Gain (Loss) on Securities AFS represent realized securities gains or losses, net of tax effects. Amounts reclassified from AOCI for Postretirement Plans Asset (Liability) represent amortization of amounts included in , net of taxes, and are recorded in the "Other operating expenses" line item of the consolidated statements of income.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers All of the Company’s revenues that are in the scope of the “ Revenue from Contracts with Customers ” accounting standard (“ASC 606”) are recognized within noninterest income. The following table presents the Company’s sources of noninterest income for years ended December 31, 2022, 2021, and 2020. Items outside the scope of ASC 606 are noted as such. For the Years Ended December 31, ($ in thousands) 2022 2021 2020 Noninterest income in-scope of ASC 606: Service charges on deposit accounts $ 15,523 12,317 11,098 Other service charges, commissions, and fees: Bankcard Interchange income, net 14,996 17,323 13,101 Other service charges and fees 5,683 4,352 3,905 Commissions from sales of insurance and financial products: Insurance income — 2,725 5,353 Wealth management income 5,195 4,160 3,495 SBA consulting fees 2,608 7,231 8,644 Noninterest income (in-scope of ASC 606) 44,005 48,108 45,596 Noninterest income (out-of-scope of ASC 606) 23,980 25,503 35,750 Total noninterest income $ 67,985 73,611 81,346 A description of the Company’s revenue streams accounted for under ASC 606 is detailed below. Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Overdraft fees are recognized at the point in time that the overdraft occurs. Maintenance and activity fees include account maintenance fees and transaction-based fees. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of the month, representing the period over which the Company satisfies the performance obligation. Transaction-based fees, which include services such as ATM usage fees, stop payment charges, statement rendering, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Service charges on deposits are withdrawn from the customer’s account balance. Other service charges, commissions, and fees: The Company earns interchange income on its customers’ debit and credit card usage and earns fees from other services utilized by its customers. Interchange income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as MasterCard. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Interchange fees are offset with interchange expenses and are presented on a net basis. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, ATM surcharge fees, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Commissions from the sale of insurance and financial products: The Company earns commissions from the sale of wealth management products and also earned commissions from the sale of insurance policies until the sale of First Bank Insurance Services on June 30, 2021. Wealth management income primarily consists of commissions received on financial product sales, such as annuities. The Company’s performance obligation is generally satisfied upon the issuance of the financial product. Shortly after the policy is issued, the carrier remits the commission payment to the Company, and the Company recognizes the revenue. The Company also earns some fees from asset management, which is billed quarterly for services rendered in the most recent period, for which the performance obligation has been satisfied. Insurance income, which was earned by the Company until June 30, 2021, generally consisted of commissions from the sale of insurance policies and performance-based commissions from insurance companies. The Company recognized commission income from the sale of insurance policies when it acted as an agent between the insurance company and the policyholder. The Company’s performance obligation was generally satisfied upon the issuance of the insurance policy. SBA Consulting fees: The Company earns fees for its consulting services related to the origination of SBA loans. Fees are based on a percentage of the dollar amount of the originated loans and are recorded when the performance obligation has been satisfied. The Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from the above-described contracts with customers.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation - The consolidated financial statements include the accounts of First Bancorp (the “Company”) and its wholly owned subsidiary First Bank (the “Bank”). The Bank has three wholly owned subsidiaries that are fully consolidated, SBA Complete, Inc. (“SBA Complete”), Magnolia Financial, Inc. ("Magnolia Financial"), and First Troy SPE, LLC. The Company is a bank holding company. The principal activity of the Company is the ownership and operation of the Bank, a state chartered bank with its main office in Southern Pines, North Carolina. SBA Complete specializes in providing consulting services for financial institutions across the country related to Small Business Administration (“SBA”) loan origination and servicing. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. First Troy SPE, LLC was formed in order to hold and dispose of certain real estate foreclosed upon by the Bank. The Company is also the parent company for a series of statutory trusts that were formed for the purpose of issuing trust preferred debt securities. The trusts are not consolidated for financial reporting purposes as they are variable interest entities and the Company is not the primary beneficiary. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to the 2021 and 2020 consolidated financial statements to be comparable to 2022. These reclassifications had no effect on net income. Subsequent events have been evaluated through the date of filing this Annual Report Form 10-K. The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates made by the Company in the preparation of its consolidated financial statements are the determination of the allowance for credit losses on loans, the allowance for credit losses on unfunded commitments, the accounting and impairment testing related to intangible assets, and the fair value and discount accretion of acquired loans.
Business Combinations	Business Combinations – The Company accounts for business combinations using the acquisition method of accounting. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Under this method, all identifiable assets acquired, including purchased loans, and liabilities assumed are recorded at fair value. The Company typically issues common stock and/or pays cash for an acquisition, depending on the terms of the acquisition agreement. The value of common shares issued is determined based on the market price of the stock as of the closing of the acquisition.
Cash and Cash Equivalents	Cash and Cash Equivalents - The Company considers all highly liquid assets with original maturities of 90 days or less, such as cash on hand, noninterest-bearing and interest-bearing amounts due from banks and federal funds sold, to be “cash equivalents.”
Securities	Securities - Debt securities that the Company has the positive intent and ability to hold to maturity are classified as “held to maturity” ("HTM") and carried at amortized cost. Debt securities not classified as held to maturity are classified as “available for sale” ("AFS") and carried at fair value, with unrealized holding gains and losses being reported as other comprehensive income or loss and reported as a separate component of shareholders’ equity. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts are generally amortized and accreted into income on a level yield basis, with premiums being amortized to the earliest call date and discounts being accreted to the stated maturity date. Gains and losses on sales of securities are recognized at the time of sale based upon the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on nonaccrual is reversed against interest income.
Allowance for Credit Losses - Securities Held to Maturity and Securities Available for Sale	Allowance for Credit Losses ("ACL") - Securities Held to Maturity - Since its adoption of ASC 326 ("CECL"), the Company measures expected credit losses on HTM debt securities on a pooled basis. The estimate of expected credit losses is primarily based on the ratings assigned to the securities by debt rating agencies and the average of the annual historical loss rates associated with those ratings. The Company then multiplies those loss rates, as adjusted for any modifications to reflect current conditions and reasonable and supportable forecasts as considered necessary, by the remaining lives of each individual security to arrive at a lifetime expected loss amount. The CECL assumptions, including reasonable and supportable forecast periods, reversion method, and prepayments as applicable, are consistent with those utilized for the ACL on loans as discussed further below. Virtually all of the mortgage-backed securities held by the Company are issued by government-sponsored enterprises. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Substantially all of the state and local government securities held by the Company are highly rated by major rating agencies. Accrued interest receivable
Presold Mortgages in Process of Settlement	Presold Mortgages in Process of Settlement - As a part of normal business operations, the Company originates residential mortgage loans that have been pre-approved by secondary investors to be sold on a best efforts basis. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the funding of the loan by the Company. Generally within three weeks after funding, the loans are transferred to the investor in accordance with the agreed-upon terms. The Company records gains from the sale of these loans on the settlement date of the sale equal to the difference between the proceeds received and the carrying amount of the loan. Additionally, the Company records gains for loans in the process of closing, based on the changes in fair value of the loans and related commitments. Between the initial funding of the loans by the Company and the subsequent reimbursement by the investors, the Company carries the loans on its balance sheet at fair value.
SBA Loans and Other Loans Held for Sale	SBA and Other Loans Held for Sale - SBA loans included in this line item represent the guaranteed portion of SBA loans that the Company intends to sell in the near future. These loans are carried at the lower of cost or market as determined on an individual loan basis.
Loans	Loans - Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred fees and costs. Accrued interest origination fees, net of certain direct origination costs, are deferred and recognized in interest income using methods that approximate a level yield without anticipating prepayments. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured.
Purchased Financial Assets with Credit Deteriorated ("PCD")	Purchased Financial Assets with Credit Deterioration ("PCD") - Subsequent to the Company's adoption of CECL on January 1, 2021, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. In determining whether an acquired loan is a PCD loan, the Company considers internal loan grades, delinquency status, and other relevant factors. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Subsequent to initial recognition, PCD loans are subject to the same interest income recognition and impairment model as non-PCD loans, with changes to the ACL recorded through provision expense. All loans and leases considered to be purchased credit impaired ("PCI") prior to January 1, 2021 under prior accounting guidance were converted to PCD on that date.
Allowance for Credit Losses - Loans and Off-Balance Sheet Credit Exposure	Allowance for Credit Losses - Loans - The ACL is an estimate that is deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial assets. The level of the allowance is determined under the CECL methodology and includes management's evaluation of historical default and loss experience, current and projected economic conditions, asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers' ability to repay a loan (including the timing of future payments), the estimated value of any underlying collateral, composition of the loan portfolio, and other pertinent factors. Credit losses are estimated on the amortized cost basis of loans, which includes the principal balance outstanding, purchase discounts and premiums, and deferred loan fees and costs. Accrued interest receivable is presented separately on the consolidated balance sheets and excluded from the estimate of credit losses. Loans are charged off when the Company determines that such financial assets are deemed uncollectible. The ACL is increased through provision for loan losses and decreased by charge-offs, net of recoveries of amounts previously charged-off. The ACL is measured on a collective basis for pools of loans with similar risk characteristics. The Discounted Cash Flow (“DCF”) method is utilized for substantially all pools, with discounted cash flows computed for each loan in a pool based on its individual characteristics (e.g. maturity date, payment amount, interest rate, etc.), and the results are aggregated at the pool level. A probability of default and loss given default, as adjusted for recoveries, are applied to the discounted cash flows for each pool, while considering prepayment and principal curtailment assumptions driven by each loan's collateral type. When the DCF method is used to determine the ACL, management adjusts the effective interest rate used to discount expected cash flows to incorporate expected prepayments. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The Company has identified the following primary pools for measuring expected credit losses. There are additional sub-segmentations within each pool, including risk categories. • Owner occupied commercial real estate loans - Owner occupied commercial real estate mortgage loans are secured by commercial office buildings, industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. For such loans, repayment is largely dependent upon the operation of the borrower's business. • Non-owner occupied commercial real estate loans - These loans represent investment real estate loans secured by office buildings, industrial buildings, warehouses, retail buildings, and multifamily residential housing. Repayment is primarily dependent on lease income generated from the underlying collateral. • Consumer real estate mortgage loans - Consumer real estate mortgage consists primarily of loans secured by 1-4 family residential properties, including home equity lines of credit. Repayment is primarily dependent on the personal cash flow of the borrower and may be affected by changes in general economic conditions. • Construction and land development loans - Construction and land development loans include loans where the repayment is dependent on the successful completion and eventual sale, refinance or operation of the related real estate project and are thus impacted by market demand and real estate valuations. Construction and land development loans include 1-4 family construction projects and commercial construction projects. • Commercial and industrial loans - Commercial and industrial loans include loans to business enterprises issued for commercial, industrial and/or other professional purposes. These loans are generally secured by equipment, inventory, and accounts receivable of the borrower and repayment is primarily dependent on business cash flows. • Consumer and other loans - Consumer and other loans include all loans issued to individuals not included in the consumer real estate mortgage classification, including automobile loans, consumer credit cards and loans to finance education, among others. Many consumer loans are unsecured and repayment is primarily dependent on the personal cash flow of the borrower which may be impacted by changes in economic conditions and unemployment . In determining the proper level of default rates and loss given default, management has determined that the loss experience of the Company provides the best basis for its assessment of expected credit losses. It therefore utilizes its own historical credit loss experience by each loan segment over an economic cycle, while excluding loss experience from certain acquired institutions (i.e., failed banks). Management considers forward-looking information in estimating expected credit losses. For substantially all segments of collectively evaluated loans, the Company incorporates two or more macroeconomic drivers using a statistical regression modeling methodology. The Company subscribes to a third-party service which provides a quarterly macroeconomic baseline forecast and alternative scenarios for the United States economy. The baseline forecast, which incorporates an equal probability of the United States economy performing better or worse than the projection, along with the alternative scenarios, are evaluated by management to determine the best estimate within the range of expected credit losses. Management has also evaluated the appropriateness of the reasonable and supportable forecast scenarios utilized for each period and has made adjustments as needed. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to the long-term mean of historical factors over 12 quarters using a straight-line approach. The Company generally utilizes a four-quarter forecast and a 12-quarter reversion period to the long-term average, which is then held static for the remainder of the forecast period. Included in its systematic methodology to determine its ACL on loans, management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process. These qualitative adjustments either increase or decrease the quantitative model estimation (i.e., formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework that includes the following: 1) changes in lending policies, procedures, and strategies, 2) changes in the nature and volume of the portfolio, 3) staff experience, 4) changes in volume and trends in classified loans, delinquencies, and nonaccrual loans, 5) concentration risk, 6) trends in underlying collateral value, 7) external factors, including competition and legal and regulatory factors, 8) changes in the quality of the Company's loan review system, and 9) economic conditions not already captured. Allowance for Credit Losses - Off-Balance Sheet Credit Exposure - The Company estimates expected credit losses on commitments to extend credit over the contractual period in which the Company is exposed to credit risk on the underlying commitments, unless the obligation is unconditionally cancellable by the Company. The allowance for off-balance sheet credit exposures, which is reflected within "Other Liabilities," is adjusted for as an increase or decrease to the provision for credit losses for unfunded commitments. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded
Troubled Debt Restructuring	Troubled Debt Restructurings ("TDR") - A loan for which the terms have been modified resulting in a more than insignificant concession, and for which the borrower is experiencing financial difficulties, is generally considered to be a TDR. The allowance for credit loss on a TDR is measured using the same method as all other loans held for investment, except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring.
SBA Loans	SBA Loans – Through its SBA Lending Division, the Company offers loans guaranteed by the SBA for the purchase of businesses, business startups, business expansion, equipment, and working capital. All SBA loans are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. The portion of SBA loans originated that are guaranteed and intended for sale on the secondary market are classified as held for sale and are carried at the lower of cost or fair value. The Company generally sells the guaranteed portion of the SBA loan as soon as it is eligible to be sold and retains the servicing right. When the guaranteed portion of an SBA loan is sold, the Company allocates the carrying basis of the loan between the guaranteed portion of the loan sold, the unguaranteed portion of the loans retained, and the servicing asset based on their relative fair values.  A gain is recorded for the difference between the proceeds received from the sale and the basis allocated to the sold portion. The relative fair value allocation results in a discount that is recorded on the unguaranteed portion of the loan that is retained. The discount is amortized as a yield adjustment over the life of the loan, so long as the loan performs. In the event the loan is moved to nonaccrual status or transfer to foreclosed properties or liquidation of the loan, the remaining discount is amortized, along with any remaining servicing asset and deferred loan costs.
SBA Servicing Assets	SBA Servicing Assets - When the Company sells the guaranteed portion of an SBA loan, the Company continues to perform the servicing on the loan and collects a fee related to the sold portion of the loan. A SBA servicing asset is recorded for the fair value of that fee based on an analysis of discounted cash flows that incorporates estimates of (1) market servicing costs, (2) market-based prepayment rates, and (3) market profit margins. SBA servicing assets are included in “Other intangible assets” on the consolidated balance sheets. SBA servicing assets are initially recorded at fair value and amortized against income over the lives of the related loans as a reduction of servicing fee income, generally five years. SBA servicing assets are tested for impairment on a quarterly basis by comparing their estimated fair values, aggregated by year of origination, to the related carrying values. Changes in observable market data relating to market interest rates, loan prepayment speeds, and other factors, could result in impairment or reversal of impairment of these servicing assets and, as such, impact the Company's financial condition and results of operations.
Transfers of Financial Assets	Transfers of Financial Assets - Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over financial assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Premises and Equipment	Premises and Equipment - Premises and equipment are stated at cost less accumulated depreciation. Depreciation, computed by the straight-line method, is charged to operations over the estimated useful lives of the properties or, in the case of leasehold improvements, over the term of the lease, if shorter. Land is carried at cost. Maintenance and repairs are charged to operations in the year incurred. Gains and losses on dispositions are included in current operations.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets - Business combinations are accounted for using the acquisition method of accounting. Identifiable intangible assets are recognized separately and are amortized over their estimated useful lives, which for the Company has generally been five
Foreclosed Properties	Foreclosed Properties - Foreclosed properties consists primarily of real estate acquired by the Company through legal foreclosure or deed in lieu of foreclosure. The property is initially carried at the lower of cost or the estimated fair value of the property less estimated selling costs. If there are subsequent declines in fair value, which is reviewed routinely by management, the property is written down to its fair value through a charge to expense. Capital expenditures made to improve the property are capitalized. Costs of holding real estate, such as property
Bank-Owned Life Insurance	Bank-Owned Life Insurance – The Company has purchased life insurance policies on certain current and past key employees and directors where the insurance policy benefits and ownership are retained by the employer. These policies are recorded at their cash surrender value. Income from these policies and changes in the net cash surrender value are recorded within noninterest income as “Bank-owned life insurance income.”
Income Taxes	Income Taxes -
Other Investments	Other Investments – The Company accounts for its investments in limited partnerships and limited liability companies (“LLCs”) using the equity method of accounting if the percentage ownership and degree of management influence in the investments warrants such accounting treatment. Under the equity method of accounting, the Company records its initial investment at cost. Subsequently, the carrying amount of the investment is increased or decreased to reflect the Company’s share of income or loss of the investee. The Company’s recognition of earnings or losses from an equity method investment is based on the Company’s ownership percentage in the investee and the investee’s earnings on a quarterly basis. The investees generally provide their financial information during the quarter following the end of a given period. The Company’s policy is to record its share of earnings or losses on equity method investments in the quarter the financial information is received. All of the Company’s investments in limited partnerships and LLCs and their market values are not readily available. The Company’s management evaluates its investments in investees for impairment based on the investee’s ability to generate cash through its operations or obtain alternative financing, and other subjective factors. There are inherent risks associated with the Company’s investments in such companies, which may result in income statement volatility in future periods.
Federal Home Loan Bank (FHLB) Stock and Federal Reserve Bank (Federal Reserve) Stock	Federal Home Loan Bank ("FHLB") Stock - The Company is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors. FHLB stock is carried at cost and is recorded in "Other assets". Cash dividends are reported as income. Federal Reserve Bank ("Federal Reserve") Stock - The Company is a member of its regional Federal Reserve and is required to own stock based on its level of capital. Federal Reserve stock is carried at cost and is recorded in "Other assets." Cash dividends are reported as income.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments - Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Stock-Based Compensation	Stock-Based Compensation - Restricted stock awards are the primary form of equity grant utilized by the Company. Compensation cost is based on the fair value of the award, which is the closing price of the Company's common stock on the date of the grant. Restricted stock awards issued by the Company typically have vesting periods with service conditions. Compensation cost is recognized as expense over the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period. Because of the insignificant amount of forfeitures the Company has experienced, forfeitures are recognized as they occur.
Earnings Per Share Amounts	Earnings Per Share Amounts - Basic Earnings Per Common Share is calculated by dividing net income, less income allocated to participating securities, by the weighted average number of common shares outstanding during the period, excluding unvested shares of restricted stock. For the Company, participating securities are comprised
Fair Value of Financial Instruments	Fair Value of Financial Instruments - Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument, as more fully described in Note 13. Because no highly liquid market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on 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. Significant assets and liabilities that are not considered financial assets or liabilities include net premises and equipment, intangible assets and other assets such as deferred income taxes, prepaid expense accounts, income taxes currently payable and other various accrued expenses. In addition, the income tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates.
Impairment	Impairment - Goodwill is evaluated for impairment on at least an annual basis, and more often if a triggering event is identified, by comparing the estimated fair value of the reporting units to their related carrying value. At December 31, 2022, the Company had two reporting units which are evaluated for impairment. If the carrying value of a reporting unit exceeds its fair value, the Company utilizes various valuation techniques to determine whether the implied fair value of the goodwill exceeds its carrying value. If the carrying value of the goodwill exceeds the implied fair value of the goodwill, an impairment loss is recorded in an amount equal to that excess. The Company reviews all other long-lived assets, including identifiable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The Company’s policy is that an impairment loss is recognized if the sum of the undiscounted future cash flows is less than the carrying amount of the asset. Any long-lived assets to be disposed of are reported at the lower of the carrying amount or fair value, less costs to sell. To date, the Company has not recorded any impairment write-downs of its long-lived assets or goodwill.
Comprehensive Income (Loss)	Comprehensive Income (Loss) - Comprehensive income (loss) is defined as the change in equity during a period for non-owner transactions and is divided into net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards.
Variable Interest Entities	Variable Interest Entities - The Company's statutory trust subsidiaries (First Bancorp Capital Trust II, Trust III and Trust IV, Carolina Capital Trust, and New Century Statutory Trust I), ("the Trusts") qualify as variable interest entities under ASC 810, “Consolidation.” Notes issued by the Company to the Trusts in return for the proceeds from the issuance of the trust preferred securities have terms that are substantially the same as the corresponding trust preferred securities. As qualified variable interest entities, the Trusts' balance sheet and statement of operations have never been consolidated with those of the Company because the Company is not the primary beneficiary. Further, the Company has no exposure to loss of the operations of the Trusts as the Company is limited to the repayment of the underlying obligations and would not absorb the losses of the Trusts if losses were to occur. The trust preferred securities qualify as capital for regulatory capital adequacy requirements.
Segment Reporting	Segment Reporting - Accounting standards require management to report selected financial and descriptive information about reportable operating segments that exceed certain thresholds. The standards also require related disclosures about products and services, geographic areas, and major customers. Generally, disclosures are required for segments internally identified to evaluate performance and resource allocation. The Company’s operations are substantially all within a single banking segment, and the financial statements presented herein reflect the combined results of all of its operations with that segment. The Company has no foreign operations or customers.
Recent Accounting Pronouncements	Recent Accounting Pronouncements - Accounting Standards Adopted in 2022 The Company did not adopt any accounting standards during 2022. Accounting Standards Pending Adoption ASU 2022-02, "Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." The amendments contained in this Accounting Standards Update ("ASU") eliminate the accounting guidance for troubled debt restructurings by creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This ASU also requires entities to disclose current period gross write-offs by year of origination for financing receivables and net investment in leases. The amendments in this ASU will be effective for fiscal years beginning after December 15, 2022 including interim periods within those fiscal years and early adoption is permitted. The entity must have adopted the amendments in ASU 2016-13 ("CECL") to adopt the amendments in this ASU. The Company has evaluated the adoption of the new guidance on the consolidated financial statements and does not expect it to have a material effect on its financial statements. ASU 2022-03, "Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions." This ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security, and, therefore, is not considered in measuring fair value. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company does not expect the ASU to have a material effect on its financial statements. ASU 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848." In 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provided optional guidance to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The objective of the guidance in Topic 848 was to provide relief during the temporary transition period and the FASB included a sunset provision based on expectations of when the London Interbank Offered Rate (LIBOR) would cease being published. The United Kingdom Financial Conduct Authority has announced that the intended LIBOR cessation date has been extended from December 31, 2021 to June 30, 2023. As such, ASU 2022-06 defers the sunset date previously set to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848; moreover, it applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company does not expect this ASU to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combinations And Discontinued Operations And Disposal Groups [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair value of acquired assets, identified intangible assets, and liabilities assumed as of October 15, 2021. Following the table is a discussion of valuation approaches utilized in estimated the fair values in accordance with ASC 850-10. The $132.4 million in goodwill that resulted from this transaction is non-deductible for tax purposes. ($ in thousands) Fair Value Estimate Assets acquired: Cash and cash equivalents $ 210,422 Securities available for sale 226,228 Loans held for sale 51,779 Loans 1,230,107 Premises and equipment 21,509 Core deposit intangible 9,170 Operating right-of-use lease assets 4,649 Other assets 61,020 Total 1,814,884 Liabilities assumed: Deposits 1,593,135 Borrowings 11,038 Other liabilities 17,248 Total 1,621,421 Net identifiable assets acquired 193,463 Less: Total consideration 325,819 Goodwill recorded related to acquisition of Select $ 132,356
Acquired Loan Portfolio at Acquisition Date	The following table presents additional information related to the acquired loan portfolio at the acquisition date: ($ in thousands) October 15, 2021 PCD Loans: Par value $ 111,835 Allowance for credit losses (4,895) Non-credit discount (1,251) Purchase price $ 105,689 Non-PCD Loans: Fair Value $ 1,124,418 Gross contractual amounts receivable 1,134,879 Estimate of contractual cash flows not expected to be collected 13,257
Pro Forma Combined Financial Results	The following table also discloses the impact of the acquisition of Select from the acquisition date of October 15, 2021 through December 31, 2021. These amounts are included in the Company’s consolidated financial statements as of and for the year ended December 31, 2021. Merger-related costs have been excluded from these amounts and the provisions for credit loss amounts associated with non-PCD loans and unfunded commitments that were discussed above have also been excluded. ($ in thousands, unaudited) Revenue Net Income Year Ended December 31, 2021 Actual Select results included in statement of income since acquisition date $ 15,175 $ 8,813 Supplemental consolidated pro forma as if Select had been acquired on January 1, 2020 380,241 143,882 Year Ended December 31, 2020 Supplemental consolidated pro forma as if Select had been acquired on January 1, 2020 $ 362,654 $ 93,980

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Book Values and Fair Values of Available-for-Sale Securities	The book values and approximate fair values of investment securities at December 31, 2022 and 2021 are summarized as follows: 2022 2021 Amortized Fair Unrealized Amortized Fair Unrealized ($ in thousands) Gains (Losses) Gains (Losses) Securities available for sale: US Treasury securities $ 174,420 168,758 — (5,662) — — — — Government-sponsored enterprise securities 71,957 57,456 — (14,501) 71,951 69,179 — (2,772) Mortgage-backed securities 2,467,839 2,045,000 4 (422,843) 2,545,150 2,514,805 9,489 (39,834) Corporate bonds 44,340 43,279 — (1,061) 45,380 46,430 1,106 (56) Total available for sale $ 2,758,556 2,314,493 4 (444,067) 2,662,481 2,630,414 10,595 (42,662) Securities held to maturity: Mortgage-backed securities $ 15,150 14,221 — (929) 20,260 20,845 585 — State and local governments 526,550 418,307 7 (108,250) 493,565 490,854 2,955 (5,666) Total held to maturity $ 541,700 432,528 7 (109,179) 513,825 511,699 3,540 (5,666)
Book Values and Fair Values of Held-to-Maturity Securities	The book values and approximate fair values of investment securities at December 31, 2022 and 2021 are summarized as follows: 2022 2021 Amortized Fair Unrealized Amortized Fair Unrealized ($ in thousands) Gains (Losses) Gains (Losses) Securities available for sale: US Treasury securities $ 174,420 168,758 — (5,662) — — — — Government-sponsored enterprise securities 71,957 57,456 — (14,501) 71,951 69,179 — (2,772) Mortgage-backed securities 2,467,839 2,045,000 4 (422,843) 2,545,150 2,514,805 9,489 (39,834) Corporate bonds 44,340 43,279 — (1,061) 45,380 46,430 1,106 (56) Total available for sale $ 2,758,556 2,314,493 4 (444,067) 2,662,481 2,630,414 10,595 (42,662) Securities held to maturity: Mortgage-backed securities $ 15,150 14,221 — (929) 20,260 20,845 585 — State and local governments 526,550 418,307 7 (108,250) 493,565 490,854 2,955 (5,666) Total held to maturity $ 541,700 432,528 7 (109,179) 513,825 511,699 3,540 (5,666)
Schedule of Information Regarding Securities with Unrealized Losses	The following table presents information regarding securities with unrealized losses at December 31, 2022: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized US Treasury securities $ 168,758 5,662 — — 168,758 5,662 Government-sponsored enterprise securities — — 57,456 14,501 57,456 14,501 Mortgage-backed securities 221,006 18,215 1,835,958 405,557 2,056,964 423,772 Corporate bonds 40,644 947 886 114 41,530 1,061 State and local governments 48,385 8,323 368,897 99,927 417,282 108,250 Total temporarily impaired securities $ 478,793 33,147 2,263,197 520,099 2,741,990 553,246 The following table presents information regarding securities with unrealized losses at December 31, 2021: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Government-sponsored enterprise securities $ 21,436 522 47,743 2,250 69,179 2,772 Mortgage-backed securities 1,773,022 25,977 404,484 13,857 2,177,506 39,834 Corporate bonds 999 1 945 55 1,944 56 State and local governments 228,279 3,797 34,398 1,869 262,677 5,666 Total temporarily impaired securities $ 2,023,736 30,297 487,570 18,031 2,511,306 48,328
Schedule of Book Values and Approximate Fair Values of Investment Securities by Contractual Maturity	The book values and approximate fair values of investment securities at December 31, 2022, by contractual maturity, are summarized in the table below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities Available for Sale Securities Held to Maturity ($ in thousands) Amortized Fair Amortized Fair Debt securities Due within one year $ 25,078 25,036 — — Due after one year but within five years 176,932 171,224 997 873 Due after five years but within ten years 87,707 72,348 61,509 50,726 Due after ten years 1,000 885 464,044 366,708 Mortgage-backed securities 2,467,839 2,045,000 15,150 14,221 Total securities $ 2,758,556 2,314,493 541,700 432,528

Loans, Allowance for Credit L_2

Loans, Allowance for Credit Losses, and Asset Quality Information (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Summary of Major Categories of Total Loans Outstanding	The following is a summary of the major categories of total loans outstanding: December 31, 2022 December 31, 2021 ($ in thousands) Amount Percentage Amount Percentage Commercial, financial, and agricultural $ 641,941 9 % 648,997 11 % Real estate – construction, land development & other land loans 934,176 14 % 828,549 13 % Real estate mortgage – residential (1-4 family) first mortgages 1,195,785 18 % 1,021,966 17 % Real estate mortgage – home equity loans/lines of credit 323,726 5 % 331,932 5 % Real estate mortgage – commercial and other 3,510,261 53 % 3,194,737 53 % Consumer loans 60,659 1 % 57,238 1 % Subtotal 6,666,548 100 % 6,083,419 100 % Unamortized net deferred loan fees (1,403) (1,704) Total loans $ 6,665,145 6,081,715 ($ in thousands) December 31, December 31, Guaranteed portions of SBA Loans included in table above $ 31,893 48,377 Unguaranteed portions of SBA Loans included in table above 116,910 122,772 Total SBA loans included in the table above $ 148,803 171,149 Sold portions of SBA loans with servicing retained - not included in table above $ 392,370 414,240
Schedule of Nonperforming Assets and Nonaccrual Loans	Nonperforming assets, defined as nonaccrual loans, troubled debt restructurings, loans past due 90 or more days and still accruing interest, and foreclosed real estate, are summarized as follows: ($ in thousands) December 31, December 31, Nonperforming assets Nonaccrual loans $ 28,514 34,696 Restructured loans - accruing 9,121 13,866 Accruing loans > 90 days past due — 1,004 Total nonperforming loans 37,635 49,566 Foreclosed properties 658 3,071 Total nonperforming assets $ 38,293 52,637 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2022. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial, financial, and agricultural $ 3,855 6,374 10,229 Real estate – construction, land development & other land loans — 1,009 1,009 Real estate mortgage – residential (1-4 family) first mortgages 157 3,132 3,289 Real estate mortgage – home equity loans/lines of credit — 1,397 1,397 Real estate mortgage – commercial and other 5,010 7,495 12,505 Consumer loans — 85 85 Total $ 9,022 19,492 28,514 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2021. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial, financial, and agricultural $ 3,947 8,205 12,152 Real estate – construction, land development & other land loans 495 137 632 Real estate mortgage – residential (1-4 family) first mortgages 858 4,040 4,898 Real estate mortgage – home equity loans/lines of credit — 694 694 Real estate mortgage – commercial and other 7,648 8,583 16,231 Consumer loans — 89 89 Total $ 12,948 21,748 34,696
Summary of Accrued Interest Receivables Written Off	The following table represents the accrued interest receivables written off by reversing interest income for the periods indicate. ($ in thousands) Year Ended December 31, 2022 Year Ended December 31, 2021 Commercial, financial, and agricultural $ 102 195 Real estate – construction, land development & other land loans 16 6 Real estate mortgage – residential (1-4 family) first mortgages 45 31 Real estate mortgage – home equity loans/lines of credit 20 14 Real estate mortgage – commercial and other 139 453 Consumer loans 2 — Total $ 324 699
Schedule of Analysis of Payment Status	The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2022. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial, financial, and agricultural $ 438 565 — 10,229 630,709 641,941 Real estate – construction, land development & other land loans 238 1,687 — 1,009 931,242 934,176 Real estate mortgage – residential (1-4 family) first mortgages 3,415 25 — 3,289 1,189,056 1,195,785 Real estate mortgage – home equity loans/lines of credit 457 371 — 1,397 321,501 323,726 Real estate mortgage – commercial and other 620 97 — 12,505 3,497,039 3,510,261 Consumer loans 249 66 — 85 60,259 60,659 Total $ 5,417 2,811 — 28,514 6,629,806 6,666,548 Unamortized net deferred loan fees (1,403) Total loans $ 6,665,145 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2021. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial, financial, and agricultural $ 377 93 — 12,152 636,375 648,997 Real estate – construction, land development & other land loans 4,046 — 286 632 823,585 828,549 Real estate mortgage – residential (1-4 family) first mortgages 6,571 1,488 — 4,898 1,009,009 1,021,966 Real estate mortgage – home equity loans/lines of credit 489 124 718 694 329,907 331,932 Real estate mortgage – commercial and other 164 1,496 — 16,231 3,176,846 3,194,737 Consumer loans 116 62 — 89 56,971 57,238 Total $ 11,763 3,263 1,004 34,696 6,032,693 6,083,419 Unamortized net deferred loan (fees) costs (1,704) Total loans $ 6,081,715
Analysis of Collateral-Dependent Loans	The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2022. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial, financial, and agricultural $ — 6,394 — — 6,394 Real estate mortgage – residential (1-4 family) first mortgages 157 — — — 157 Real estate mortgage – commercial and other — — — 6,723 6,723 Total $ 157 6,394 — 6,723 13,274 The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2021. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial, financial, and agricultural $ — 7,886 — — 7,886 Real estate – construction, land development & other land loans — — 533 — 533 Real estate mortgage – residential (1-4 family) first mortgages 871 — — — 871 Real estate mortgage – commercial and other — — — 10,743 10,743 Total $ 871 7,886 533 10,743 20,033
Schedule of Allowance for Loan Losses	The following tables presents the activity in the ACL on loans for the periods indicated. The increase in ACL at December 31, 2022 as compared to the prior year was related to a combination of the allowance required for loan growth during the year, and updated economic forecasts and loss driver inputs to the CECL model. Throughout 2022, the economic forecasts have projected general weakening of the economy demonstrated by higher projected unemployment rates, lower GDP, and declining price indices for both commercial real estate and residential mortgages. These worsening economic projections translated to higher forecasted life of loan losses in our portfolio and a higher estimated ACL. ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer Loans Total As of and for the year ended December 31, 2022 Beginning balance $ 16,249 16,519 8,686 4,337 30,342 2,656 78,789 Charge-offs (2,519) — — (43) (1,063) (840) (4,465) Recoveries 756 480 17 600 1,983 207 4,043 Provisions/(Reversals) 3,232 (1,871) 2,651 (1,736) 9,447 877 12,600 Ending balance $ 17,718 15,128 11,354 3,158 40,709 2,900 90,967 ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer loans Unallocated Total As of and for the year ended December 31, 2021 Beginning balance $ 11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 Adjustment for implementation of CECL 3,067 6,140 2,584 2,580 (257) 674 (213) 14,575 Allowance for Select PCD loans 2,917 165 222 92 1,489 10 — 4,895 Charge-offs (3,722) (245) (273) (400) (2,295) (667) — (7,602) Recoveries 1,744 948 761 578 533 358 — 4,922 Provisions/ (Reversals) 927 4,156 (2,656) (888) 7,269 803 — 9,611 Ending balance $ 16,249 16,519 8,686 4,337 30,342 2,656 — 78,789 The following table presents the activity in the allowance for loan losses for the year ended December 31, 2020 under the Incurred Loss methodology. ($ in thousands) Commercial, Real Estate - Real Estate Mortgage - Real Estate Mortgage - Real Estate Consumer loans Unallo- Total As of and for the year ended December 31, 2020 Beginning balance $ 4,553 1,976 3,832 1,127 8,938 972 — 21,398 Charge-offs (5,608) (51) (478) (524) (968) (873) — (8,502) Recoveries 745 1,552 754 487 621 294 — 4,453 Provisions 11,626 1,878 3,940 1,285 15,012 1,085 213 35,039 Ending balance $ 11,316 5,355 8,048 2,375 23,603 1,478 213 52,388 Ending balances as of December 31, 2020: Allowance for loan losses Individually evaluated for impairment $ 3,546 30 800 — 2,175 — — 6,551 Collectively evaluated for impairment 7,742 5,325 7,141 2,375 21,428 1,475 213 45,699 Purchased credit impaired 28 — 107 — — 3 — 138 Loans receivable as of December 31, 2020: Ending balance – total $ 782,549 570,672 972,378 306,256 2,049,203 53,955 — 4,735,013 Unamortized net deferred loan fees (3,698) Total loans 4,731,315 Ending balances as of December 31, 2020: Loans Individually evaluated for impairment $ 7,700 677 9,303 15 18,582 4 — 36,281 Collectively evaluated for impairment 774,712 569,845 958,848 306,141 2,026,682 53,913 — 4,690,141 Purchased credit impaired 137 150 4,227 100 3,939 38 — 8,591 The following table prese nts the balance and activity in the allowance for credit losses for unfunded loan commitments for each period indicated. ($ in thousands) December 31, 2022 December 31, 2021 Beginning balance $ 13,506 $ 582 Adjustments for implementation of CECL on January 1, 2021 — 7,504 Day 2 provision for credit losses on unfunded commitments acquired from Select — 3,982 (Reversal of) provision for credit losses on changes in unfunded commitments (200) 1,438 Ending balance $ 13,306 $ 13,506
Schedule of Recorded Investment in Loans by Credit Quality Indicators	The following describes the Company’s internal risk grades in ascending order of likelihood of loss: Risk Grade Description Pass: 1 Loans with virtually no risk, including cash secured loans. 2 Loans with documented significant overall financial strength. These loans have minimum chance of loss due to the presence of multiple sources of repayment – each clearly sufficient to satisfy the obligation. 3 Loans with documented satisfactory overall financial strength. These loans have a low loss potential due to presence of at least two clearly identified sources of repayment – each of which is sufficient to satisfy the obligation under the present circumstances. 4 Loans to borrowers with acceptable financial condition. These loans could have signs of minor operational weaknesses, lack of adequate financial information, or loans supported by collateral with questionable value or marketability. 5 Loans that represent above average risk due to minor weaknesses and warrant closer scrutiny by management. Collateral is generally available and felt to provide reasonable coverage with realizable liquidation values in normal circumstances. Repayment performance is satisfactory. P Consumer loans that are of satisfactory credit quality with borrowers who exhibit good personal credit history, average personal financial strength and moderate debt levels. These loans generally conform to Bank policy, but may include approved mitigated exceptions to the guidelines. Special Mention: 6 Existing loans with defined weaknesses in primary source of repayment that, if not corrected, could cause a loss to the Company. Classified: 7 An existing loan inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. 8 Loans that have a well-defined weakness that make the collection or liquidation in full highly questionable and improbable. Loss appears imminent, but the exact amount and timing is uncertain. 9 Loans that are considered uncollectible and are in the process of being charged-off. This grade is a temporary grade assigned for administrative purposes until the charge-off is completed. F Consumer loans with a well-defined weakness, such as exceptions of any kind with no mitigating factors, history of paying outside the terms of the note, insufficient income to support the current level of debt, etc. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2022. Acquired loans are presented in the year originated, not in the year of acquisition. Term Loans by Year of Origination ($ in thousands) 2022 2021 2020 2019 2018 Prior Revolving Total Commercial, financial, and agricultural Pass $ 185,167 107,747 85,110 51,274 590 76,588 120,590 627,066 Special Mention 342 166 648 1,312 — 990 332 3,790 Classified 734 1,909 808 1,384 — 5,762 488 11,085 Total commercial, financial, and agricultural 186,243 109,822 86,566 53,970 590 83,340 121,410 641,941 Real estate – construction, land development & other land loans Pass 550,752 267,096 42,421 30,973 — 12,722 19,519 923,483 Special Mention 5,128 5 3,679 — — 100 13 8,925 Classified 656 107 38 899 — 44 24 1,768 Total real estate – construction, development & other land loans 556,536 267,208 46,138 31,872 — 12,866 19,556 934,176 Real estate mortgage – residential (1-4 family) first mortgages Pass 317,282 274,756 186,102 98,559 185 301,885 1,379 1,180,148 Special Mention 1,189 127 110 470 — 2,416 — 4,312 Classified 763 251 221 359 — 9,072 659 11,325 Total real estate mortgage – residential (1-4 family) first mortgages 319,234 275,134 186,433 99,388 185 313,373 2,038 1,195,785 Real estate mortgage – home equity loans/lines of credit Pass 869 1,091 349 237 — 2,020 309,786 314,352 Special Mention 175 — — — — 18 1,072 1,265 Classified 106 156 94 87 — 213 7,453 8,109 Total real estate mortgage – home equity loans/lines of credit 1,150 1,247 443 324 — 2,251 318,311 323,726 Real estate mortgage – commercial and other Pass 1,096,643 1,186,678 569,624 247,448 179 324,361 48,882 3,473,815 Special Mention 1,715 1,114 4,436 8,289 — 4,457 665 20,676 Classified 3,480 1,265 84 2,456 — 8,118 367 15,770 Total real estate mortgage – commercial and other 1,101,838 1,189,057 574,144 258,193 179 336,936 49,914 3,510,261 Consumer loans Pass 35,406 7,946 3,610 1,056 3 1,250 10,953 60,224 Special Mention — — — — — — — — Classified 320 31 3 1 — 25 55 435 Total consumer loans 35,726 7,977 3,613 1,057 3 1,275 11,008 60,659 Total $ 2,200,727 1,850,445 897,337 444,804 957 750,041 522,237 6,666,548 Unamortized net deferred loan fees (1,403) Total loans $ 6,665,145 At December 31, 2022, as derived from the table above, the Company had $39.0 million in loans graded as Special Mention and $48.5 million in loans graded as Classified, which includes all nonaccrual loans. In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the year ended December 31, 2022 amounted to $3.3 million. The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of December 31, 2021. Acquired loans are presented in the year originated, not in the year of acquisition. Term Loans by Year of Origination ($ in thousands) 2021 2020 2019 2018 2017 Prior Revolving Total Commercial, financial, and agricultural Pass $ 204,945 138,540 71,369 66,645 16,009 17,492 112,933 627,933 Special Mention 225 1,255 1,313 2,729 225 9 2,348 8,104 Classified 1,609 793 1,703 7,096 511 96 1,152 12,960 Total commercial, financial, and agricultural 206,779 140,588 74,385 76,470 16,745 17,597 116,433 648,997 Real estate – construction, land development & other land loans Pass 573,613 133,888 69,066 12,455 9,764 8,190 13,737 820,713 Special Mention 41 737 5,095 110 104 2 9 6,098 Classified 1,541 49 47 83 14 4 — 1,738 Total real estate – construction, development & other land loans 575,195 134,674 74,208 12,648 9,882 8,196 13,746 828,549 Real estate mortgage – residential (1-4 family) first mortgages Pass 241,619 224,617 120,097 82,531 86,074 234,950 11,051 1,000,939 Special Mention 888 615 516 229 323 3,237 94 5,902 Classified 419 156 535 1,185 653 11,246 931 15,125 Total real estate mortgage – residential (1-4 family) first mortgages 242,926 225,388 121,148 83,945 87,050 249,433 12,076 1,021,966 Real estate mortgage – home equity loans/lines of credit Pass 3,111 498 439 1,304 245 1,649 317,319 324,565 Special Mention 194 — 15 — — 19 1,341 1,569 Classified 75 97 71 — — 607 4,948 5,798 Total real estate mortgage – home equity loans/lines of credit 3,380 595 525 1,304 245 2,275 323,608 331,932 Real estate mortgage – commercial and other Pass 1,328,156 796,992 355,885 211,118 197,165 197,659 66,104 3,153,079 Special Mention 1,759 4,849 5,801 3,741 2,072 1,801 1,440 21,463 Classified 7,147 413 2,110 6,025 3,897 603 — 20,195 Total real estate mortgage – commercial and other 1,337,062 802,254 363,796 220,884 203,134 200,063 67,544 3,194,737 Consumer loans Pass 14,960 25,431 2,965 1,722 673 525 10,810 57,086 Special Mention — 4 — — — — — 4 Classified — 73 — 8 — 25 42 148 Total consumer loans 14,960 25,508 2,965 1,730 673 550 10,852 57,238 Total $ 2,380,302 1,329,007 637,027 396,981 317,729 478,114 544,259 6,083,419 Unamortized net deferred loan fees (1,704) Total loans $ 6,081,715 At December 31, 2021, as derived from the table above, the Company had $43.1 million in loans graded as Special Mention and $56.0 million in loans graded as Classified, which includes all nonaccrual loans. In the table above, substantially all of the "Classified Loans" have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the year ended December 31, 2021 amounted to $1.0 million.
Schedule of Information Related to Loans Modified in a Troubled Debt Restructuring	The following table presents information related to loans modified in a TDR during the year ended December 31, 2022. For the year ended December 31, 2022 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial, financial, and agricultural 2 $ 143 143 Real estate – construction, land development & other land loans 1 67 67 Real estate mortgage – residential (1-4 family) first mortgages 2 75 78 TDRs – Nonaccrual Commercial, financial, and agricultural 5 744 744 Real estate mortgage – residential (1-4 family) first mortgages 1 36 36 Real estate mortgage – commercial and other 1 72 72 Total TDRs arising during period 12 $ 1,137 1,140 The following table presents information related to loans modified in a TDR during the year ended December 31, 2021. For the year ended December 31, 2021 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Real estate mortgage – residential (1-4 family) first mortgages 1 $ 33 33 TDRs – Nonaccrual Commercial, financial, and agricultural 5 1,438 1,435 Real estate – construction, land development & other land loans 1 75 75 Real estate mortgage – residential (1-4 family) first mortgages 1 263 263 Real estate mortgage – commercial and other 4 1,729 1,729 Total TDRs arising during period 12 $ 3,538 3,535 The following table presents information related to loans modified in a TDR during the year ended December 31, 2020. For the year ended December 31, 2020 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial, financial, and agricultural 2 $ 143 143 Real estate – construction, land development & other land loans 1 67 67 Real estate mortgage – residential (1-4 family) first mortgages 2 75 78 Consumer loans 1 4 4 TDRs – Nonaccrual Commercial, financial, and agricultural 1 72 72 Real estate mortgage – commercial and other 5 5,977 5,977 Total TDRs arising during period 12 $ 6,338 6,341 Accruing TDRs that were modified in the previous 12 months and that defaulted during the years ended December 31, 2022, 2021, and 2020 are presented in the table below. The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to foreclosed real estate. For the Year Ended December 31, 2022 For the Year Ended December 31, 2021 For the Year Ended December 31, 2020 ($ in thousands) Number of Recorded Number of Recorded Number of Recorded Accruing TDRs that subsequently defaulted Real estate mortgage – commercial and other — $ — — $ — 1 $ 274 Total accruing TDRs that subsequently defaulted — $ — — $ — 1 $ 274

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment at December 31, 2022 and 2021 consisted of the following: ($ in thousands) Estimated Useful Lives 2022 2021 Land $ 45,363 45,398 Buildings 15 to 40 years 114,884 112,622 Furniture and equipment 5 to 10 years 33,147 31,099 Leasehold improvements 5 to 39 years 1,644 2,028 Total cost 195,038 191,147 Less accumulated depreciation and amortization (60,851) (55,055) Total premises and equipment $ 134,187 136,092

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets as of December 31, 2022 and December 31, 2021 and the carrying amount of unamortizable intangible assets as of those same dates. December 31, 2022 December 31, 2021 ($ in thousands) Gross Carrying Accumulated Gross Carrying Accumulated Amortizable intangible assets: Customer lists $ 2,700 1,847 2,700 1,386 Core deposit intangibles 29,050 21,274 29,050 18,076 SBA servicing asset 13,264 9,260 11,932 6,460 Other 100 58 100 33 Total $ 45,114 32,439 43,782 25,955 Unamortizable intangible assets: Goodwill $ 364,263 364,263
SBA Servicing Assets	The following table presents the changes in the SBA servicing assets for each period indicated. Impairment charges included with amortization expense in the table below were immaterial for each period presented. ($ in thousands) December 31, 2022 December 31, 2021 Beginning balance, net $ 5,472 5,788 New servicing assets 1,332 1,956 Amortization expense and impairment charges (2,800) (2,272) Ending balance, net $ 4,004 5,472
Changes in Carrying Amount of Goodwill	The following table presents the changes in carrying amounts of goodwill: ($ in thousands) Total Goodwill Balance at December 31, 2020 $ 239,272 Additions from acquisition of Select 132,356 Reduction from disposal of First Bank Insurance (7,365) Balance at December 31, 2021 364,263 Net activity during 2022 — Balance at December 31, 2022 $ 364,263
Schedule of the Estimated Amortization Expense	The following table presents the estimated amortization expense schedule related to acquisition-related amortizable intangible assets for each of the five calendar years ending December 31, 2027 and the estimated amount amortizable thereafter. These amounts will be recorded as "Intangibles amortization expense" within the noninterest expense section of the consolidated statements of income. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortizable intangible assets. ($ in thousands) Estimated 2023 $ 2,545 2024 1,718 2025 1,358 2026 962 2027 781 Thereafter 1,307 Total $ 8,671

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The components of income tax expense for the years ended December 31, 2022, 2021, and 2020 are as follows: ($ in thousands) 2022 2021 2020 Current - Federal $ 35,616 25,742 27,799 - State 4,477 3,733 3,909 Deferred - Federal (1,658) (4,247) (8,893) - State (152) (553) (1,161) Total $ 38,283 24,675 21,654
Schedule of Effective Tax Rate Reconciliation	The following is a reconciliation of federal income tax expense at the statutory rate of 21% at December 31, 2022, December 31, 2021, and December 31, 2020, to the income tax provision reported in the financial statements. ($ in thousands) 2022 2021 2020 Tax provision at statutory rate $ 38,896 25,266 21,657 Increase (decrease) in income taxes resulting from: Tax-exempt interest income (1,976) (1,589) (1,050) Low income housing and other tax credits (669) (1,229) (772) Bank-owned life insurance income (1,511) (589) (532) Non-deductible interest expense 26 14 23 State income taxes, net of federal benefit 3,369 2,472 2,117 Nondeductible merger expenses 107 242 — Change in valuation allowance (20) (10) (20) Other, net 61 98 231 Total $ 38,283 24,675 21,654
Schedule of Deferred Tax Assets and Liabilities	The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets, which are included in Other Assets on the consolidated balance sheets, are as follows at December 31, 2022 and 2021: ($ in thousands) 2022 2021 Deferred tax assets: Allowance for credit losses on loans $ 20,900 18,102 Allowance for credit losses on unfunded commitments 3,057 3,103 Excess book over tax pension plan cost 365 467 Deferred compensation 638 571 Federal & state net operating loss and tax credit carryforwards 197 206 Accruals, book versus tax 4,404 4,235 Pension — 81 Unrealized losses on securities available for sale 102,046 7,369 Foreclosed real estate 3 20 Basis differences in assets acquired in FDIC transactions — 504 Purchase accounting adjustments 2,982 4,076 Equity compensation 768 694 Partnership investments 652 310 Leases 151 108 SBA servicing asset 77 108 All other — 101 Gross deferred tax assets 136,240 40,055 Less: Valuation allowance (30) (10) Net deferred tax assets 136,210 40,045 Deferred tax liabilities: Loan fees (3,102) (2,840) Depreciable basis of fixed assets (5,493) (5,790) Amortizable basis of intangible assets (10,047) (10,328) Basis differences in assets acquired in FDIC transactions (108) — Trust preferred securities (416) (453) Pension (12) — Gross deferred tax liabilities (19,178) (19,411) Net deferred tax asset $ 117,032 20,634

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transaction, Due from (to) Related Party [Abstract]
Composition of Liabilities	The following table lists the composition of the deposit portfolio as of the end of the respective years. ($ in thousands) December 31, 2022 December 31, 2021 Noninterest-bearing checking accounts $ 3,566,003 3,348,622 Interest-bearing checking accounts 1,514,166 1,593,231 Money market accounts 2,416,146 2,562,283 Savings accounts 728,641 708,054 Other time deposits 726,254 555,084 Time deposits of $250,000 or more 276,319 357,355 Total deposits $ 9,227,529 $ 9,124,629
Schedule of Maturities of Time Deposits	At December 31, 2022, the scheduled maturities of time deposits were as follows: ($ in thousands) 2023 $ 882,741 2024 61,393 2025 27,906 2026 17,565 2027 12,084 Thereafter 884 $ 1,002,573

Borrowings and Borrowings Ava_2

Borrowings and Borrowings Availability (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The following tables present information regarding the Company’s outstanding borrowings at December 31, 2022 and 2021 (dollars are in thousands) : Description – 2022 Due date Call Feature 2022 Amount Interest Rate FHLB Principal Reducing Credit 7/24/2023 None $ 32 1.00% fixed FHLB Principal Reducing Credit 12/22/2023 None 912 1.25% fixed FHLB Principal Reducing Credit 6/26/2028 None 214 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 38 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 158 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 159 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 329 0.50% fixed FHLB Daily Rate Credit 8/23/2023 None 40,000 4.57% fixed FHLB Fixed Rate Credit 1/9/2023 None 50,000 4.15% fixed FHLB Fixed Rate Credit 2/9/2023 None 50,000 4.35% fixed FHLB Fixed Rate Credit 2/1/2023 None 80,000 4.25% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 20,620 7.12% at 12/31/22 adjustable rate 3 month LIBOR + 2.70% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 6.08% at 12/31/22 adjustable rate 3 month LIBOR +2.00% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15% Total borrowings / weighted average rate as of December 31, 2022 290,918 4.82% Unamortized discount on acquired borrowings (3,411) Total borrowings $ 287,507 The following table presents information regarding the Company’s outstanding borrowings at December 31, 2021 (dollars are in thousands) : Description – 2021 Due date Call Feature 2021 Amount Interest Rate FHLB Principal Reducing Credit 7/24/2023 None $ 79 1.00% fixed FHLB Principal Reducing Credit 12/22/2023 None 952 1.25% fixed FHLB Principal Reducing Credit 6/26/2028 None 225 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 44 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 166 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 166 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 342 0.50% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 20,620 2.91% at 12/31/20 adjustable rate 3 month LIBOR +2.70% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 1.61% at 12/31/20 adjustable rate 3 month LIBOR + 1.39% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 2.24% at 12/31/20 adjustable rate 3 month LIBOR + 2.00% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 2.27% at 12/31/21 adjustable rate 3 month LIBOR + 2.15% Total borrowings / weighted average rate as of December 31, 2021 71,050 2.24% Unamortized discount on acquired borrowings (3,664) Total borrowings $ 67,386

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Lessee Disclosure [Abstract]
Schedule of Estimated Lease Payments	Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2022 for each of the five calendar years ending December 31, 2027 are as follows: ($ in thousands) 2023 $ 2,360 2024 2,163 2025 1,706 2026 1,685 2027 1,547 Thereafter 18,441 Total undiscounted lease payments 27,902 Less effect of discounting (8,511) Present value of estimated lease payments (lease liability) $ 19,391

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Reconciliation of Benefit Obligation	The following table reconciles the beginning and ending balances of the Pension Plan’s benefit obligation, as computed by the Company’s independent actuarial consultants, and its plan assets, with the difference between the two amounts representing the funded status of the Pension Plan as of the end of the respective year. ($ in thousands) 2022 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 41,657 44,750 41,592 Service cost — — — Interest cost 1,043 981 1,223 Actuarial (gain) loss (10,286) (2,041) 3,788 Benefits paid (1,803) (2,033) (1,853) Accumulated benefit obligation at end of year 30,611 41,657 44,750 Change in plan assets Plan assets at beginning of year 44,904 48,167 43,824 Actual return on plan assets (9,446) (1,230) 6,196 Employer contributions — — — Benefits paid (1,803) (2,033) (1,853) Plan assets at end of year 33,655 44,904 48,167 Funded status at end of year $ 3,044 3,247 3,417 The following table reconciles the beginning and ending balances of the SERP’s benefit obligation, as computed by the Company’s independent actuarial consultants: ($ in thousands) 2022 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 4,660 5,982 5,638 Service cost — — — Interest cost 112 119 158 Actuarial (gain) loss (1,006) (1,119) 517 Benefits paid (245) (322) (331) Accumulated benefit obligation at end of year 3,521 4,660 5,982 Plan assets — — — Funded status at end of year $ (3,521) (4,660) (5,982)
Schedule of Amounts Recognized in Other Comprehensive Income	The following table presents information regarding the amounts recognized in accumulated other comprehensive income (loss) (“AOCI”) at December 31, 2022 and 2021, as it relates to the Pension Plan. ($ in thousands) 2022 2021 Net loss $ (1,497) (1,441) Prior service cost — — Amount recognized in AOCI before tax effect (1,497) (1,441) Tax benefit 344 331 Net amount recognized as decrease to AOCI $ (1,153) (1,110) The following table presents information regarding the amounts recognized in AOCI at December 31, 2022 and 2021, as it relates to the SERP: ($ in thousands) 2022 2021 Net gain $ 1,551 1,088 Prior service cost — — Amount recognized in AOCI before tax effect 1,551 1,088 Tax expense (356) (250) Net amount recognized as increase to AOCI $ 1,195 838
Schedule of Reconciliation of Balances in AOCI	The following table reconciles the beginning and ending balances of AOCI at December 31, 2022 and 2021, as it relates to the Pension Plan: ($ in thousands) 2022 2021 Accumulated other comprehensive loss at beginning of fiscal year $ (1,110) (1,364) Net loss arising during period (312) (247) Amortization of unrecognized actuarial loss 256 577 Tax expense (benefit) of changes during the year, net 13 (76) Accumulated other comprehensive loss at end of fiscal year $ (1,153) (1,110) The following table reconciles the beginning and ending balances of AOCI at December 31, 2022 and 2021, as it relates to the SERP: ($ in thousands) 2022 2021 Accumulated other comprehensive income (loss) at beginning of fiscal year $ 838 (35) Net gain arising during period 1,007 1,119 Prior service cost — — Amortization of unrecognized actuarial (loss) gain (544) 15 Amortization of prior service cost and transition obligation — — Tax expense related to changes during the year, net (106) (261) Accumulated other comprehensive income at end of fiscal year $ 1,195 838
Schedule of Reconciliation of Prepaid Pension Costs	The following table reconciles the beginning and ending balances of the prepaid pension cost related to the Pension Plan: ($ in thousands) 2022 2021 Prepaid pension cost as of beginning of fiscal year $ 4,689 5,188 Net periodic pension cost for fiscal year (147) (499) Actual employer contributions — — Prepaid pension asset as of end of fiscal year $ 4,542 4,689 The following table reconciles the beginning and ending balances of the prepaid pension cost related to the SERP: ($ in thousands) 2022 2021 Accrued liability as of beginning of fiscal year $ (5,748) (5,936) Net periodic pension cost for fiscal year 432 (134) Benefits paid 245 322 Accrued liability as of end of fiscal year $ (5,071) (5,748)
Schedule of Net Pension Costs	Net pension cost for the Pension Plan included the following components for the years ended December 31, 2022, 2021, and 2020: ($ in thousands) 2022 2021 2020 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 1,043 981 1,223 Expected return on plan assets (1,152) (1,059) (1,300) Net amortization and deferral 256 577 843 Net periodic pension cost $ 147 499 766 Net pension cost for the SERP included the following components for the years ended December 31, 2022, 2021, and 2020: ($ in thousands) 2022 2021 2020 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 112 119 158 Net amortization and deferral (544) 15 (157) Net periodic pension cost $ (432) 134 1
Schedule of Expected Benefit Payments	The following table is an estimate of the benefits that will be paid in accordance with the Pension Plan for each of the five calendar years ending December 31, 2027 and thereafter, assuming the Pension Plan is operated on an ongoing basis. ($ in thousands) Estimated 2023 $ 1,932 2024 1,973 2025 2,035 2026 2,069 2027 2,109 2028-2032 10,728 The following table is an estimate of the benefits that will be paid in accordance with the SERP for each of the five calendar years ending December 31, 2027 and thereafter: ($ in thousands) Estimated 2023 $ 240 2024 237 2025 275 2026 277 2027 295 2028-2032 1,345
Schedule of Pension Plan Assets	The fair values of the Company’s pension plan assets at December 31, 2022, by asset category, were as follows: ($ in thousands) Total Fair Value at December 31, Quoted Prices in Significant Other Significant Cash and cash equivalents $ 194 — 194 — Fixed income investment funds 33,461 — 33,461 — Total $ 33,655 — 33,655 — The fair values of the Company’s Pension Plan assets at December 31, 2021, by asset category, were as follows: ($ in thousands) Total Fair Value at December 31, Quoted Prices in Significant Other Significant Cash and cash equivalents $ 267 — 267 — Fixed income investment funds 44,637 — 44,637 — Total $ 44,904 — 44,904 —
Schedule of Assumptions Used in Determining Actuarial Information	The following assumptions were used in determining the actuarial information for the Pension Plan and the SERP for the years ended December 31, 2022, 2021, and 2020: 2022 2021 2020 Pension SERP Pension SERP Pension SERP Discount rate used to determine net periodic pension cost 2.62 % 2.48 % 2.24 % 2.04 % 3.03 % 2.89 % Discount rate used to calculate end of year liability disclosures 4.94 % 4.90 % 2.62 % 2.48 % 2.24 % 2.04 % Expected long-term rate of return on assets 2.62 % n/a 2.24 % n/a 3.03 % n/a

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Loan Commitments	The following table presents the Company’s outstanding loan commitments at December 31, 2022 and December 31, 2021. December 31, 2022 December 31, 2021 ($ in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Loan commitments $ 681,486 211,071 892,557 389,758 230,521 620,279 Unused lines of credit 273,244 1,194,575 1,467,819 273,693 1,176,803 1,450,496 Total $ 954,730 1,405,646 2,360,376 663,451 1,407,324 2,070,775

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Financial Instruments Measured at Fair Value on a Recurring and Nonrecurring Basis	The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2022. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Significant Other Observable Inputs (Level 2) Significant Recurring Securities available for sale: US Treasury securities $ 168,758 — 168,758 — Government-sponsored enterprise securities 57,456 — 57,456 — Mortgage-backed securities 2,045,000 — 2,045,000 — Corporate bonds 43,279 — 43,279 — Total available for sale securities $ 2,314,493 — 2,314,493 — Presold mortgages in process of settlement $ 1,282 1,282 — — Nonrecurring Individually evaluated loans $ 9,590 — — 9,590 Foreclosed real estate 38 — — 38 The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2021. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Significant Significant Recurring Securities available for sale: Government-sponsored enterprise securities $ 69,179 — 69,179 — Mortgage-backed securities 2,514,805 — 2,514,805 — Corporate bonds 46,430 — 46,430 — Total available for sale securities $ 2,630,414 — 2,630,414 — Presold Mortgages in process of settlement $ 19,257 19,257 — — Nonrecurring Impaired loans $ 11,583 — — 11,583 Foreclosed real estate 364 — — 364
Schedule of Significant Unobservable Inputs	For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 5,680 Appraised value Discounts applied for estimated costs to sell 10% Individually evaluated loans - cash-flow dependent 3,909 PV of expected cash flows Discount rates used in the calculation of PV of expected cash flows 5.5% - 11.1% (6.76%) Foreclosed real estate 38 Appraised value Discounts applied for estimated costs to sell 10% For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Impaired loans - valued at collateral value $ 7,326 Appraised value Discounts applied for estimated costs to sell 10% Impaired loans - valued at PV of expected cash flows 4,257 PV of expected cash flows Discount rates used in the calculation of PV of expected cash flows 4% -11% (6.22%) Foreclosed real estate 364 Appraised value Discounts applied for estimated costs to sell 10%
Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments not carried at fair value as of December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Level in Carrying Estimated Carrying Estimated Cash and due from banks, noninterest-bearing Level 1 $ 101,133 101,133 128,228 128,228 Due from banks, interest-bearing Level 1 169,185 169,185 332,934 332,934 Securities held to maturity Level 2 541,700 432,528 513,825 511,699 SBA and other loans held for sale Level 2 — — 61,003 62,004 Total loans, net of allowance Level 3 6,574,178 6,240,870 6,002,926 5,990,235 Accrued interest receivable Level 1 29,710 29,710 25,896 25,896 Bank-owned life insurance Level 1 164,592 164,592 165,786 165,786 SBA servicing asset Level 3 4,004 4,721 5,472 5,546 Deposits Level 2 9,227,529 9,218,945 9,124,629 9,124,701 Borrowings Level 2 287,507 277,146 67,386 61,295 Accrued interest payable Level 1 2,738 2,738 607 607

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Outstanding Restricted Stock	The following table presents information regarding the activity during 2020, 2021, and 2022 related to the Company’s outstanding restricted stock: Long-Term Restricted Stock Shares Grant Date Fair Value Nonvested at January 1, 2020 159,366 $ 36.79 Granted during the period 68,704 26.96 Vested during the period (55,965) 33.91 Nonvested at December 31, 2020 172,105 33.80 Granted during the period 104,414 40.56 Vested during the period (63,369) 39.82 Forfeited or expired during the period (6,819) 37.32 Nonvested at December 31, 2021 206,331 35.25 Granted during the period 95,960 38.09 Vested during the period (70,110) 36.69 Forfeited or expired during the period (9,169) 32.62 Nonvested at December 31, 2022 223,012 36.14

Regulatory Restrictions (Tables

Regulatory Restrictions (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Restrictions [Abstract]
Schedule of Capital Ratios	Actual Fully Phased-In Regulatory To Be Well Capitalized ($ in thousands) Amount Ratio Amount Ratio Amount Ratio (must equal or exceed) (must equal or exceed) As of December 31, 2022 Common Equity Tier I Capital Ratio Company $ 1,010,369 13.02 % 543,403 7.00 % N/A N/A Bank 1,077,526 13.88 % 543,301 7.00 % 504,494 6.50 % Total Capital Ratio Company 1,171,084 15.09 % 815,104 10.50 % N/A N/A Bank 1,174,634 15.13 % 814,951 10.50 % 776,144 10.00 % Tier I Capital Ratio Company 1,073,958 13.83 % 659,846 8.50 % N/A N/A Bank 1,077,526 13.88 % 659,723 8.50 % 620,915 8.00 % Leverage Ratio Company 1,073,958 10.51 % 408,623 4.00 % N/A N/A Bank 1,077,526 10.55 % 408,569 4.00 % 510,712 5.00 % As of December 31, 2021 Common Equity Tier I Capital Ratio Company $ 888,936 12.53 % 496,635 7.00 % N/A N/A Bank 934,687 13.18 % 496,285 7.00 % 460,836 6.50 % Total Capital Ratio Company 1,040,964 14.67 % 744,953 10.50 % N/A N/A Bank 1,023,354 14.43 % 744,427 10.50 % 708,979 10.00 % Tier I Capital Ratio Company 952,272 13.42 % 603,057 8.50 % N/A N/A Bank 934,687 13.18 % 602,632 8.50 % 567,183 8.00 % Leverage Ratio Company 952,272 9.39 % 405,790 4.00 % N/A N/A Bank 934,687 9.22 % 405,652 4.00 % 507,065 5.00 %

Supplementary Income Statemen_2

Supplementary Income Statement Information (Tables)	12 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Components of Other Noninterest Income/Expense	Components of other noninterest income or noninterest expense exceeding 1% of total revenue ($4.1 million) for any of the years ended December 31, 2022, 2021, and 2020 are as follows: ($ in thousands) 2022 2021 2020 Noninterest income: Other service charges, commissions, and fees – interchange fees, net $ 14,996 17,323 13,101 Noninterest expense: Other operating expenses – software costs 6,064 5,315 5,149 Other operating expenses – data processing expense 7,535 5,959 4,743 Other operating expenses – credit card rewards expense 547 3,431 2,391

Condensed Parent Company Info_2

Condensed Parent Company Information (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	CONDENSED BALANCE SHEETS As of December 31, ($ in thousands) 2022 2021 Assets Cash on deposit with bank subsidiary $ 5,611 18,625 Investment in wholly-owned subsidiaries, at equity 1,100,829 1,279,285 Premises and Equipment 7 7 Other assets 22 5,056 Total assets $ 1,106,469 1,302,973 Liabilities and shareholders’ equity Trust preferred securities $ 65,665 65,412 Other liabilities 9,208 6,986 Total liabilities 74,873 72,398 Shareholders’ equity 1,031,596 1,230,575 Total liabilities and shareholders’ equity $ 1,106,469 1,302,973
Condensed Statements of Income	CONDENSED STATEMENTS OF INCOME Year Ended December 31, ($ in thousands) 2022 2021 2020 Dividends from wholly-owned subsidiaries $ 17,400 25,300 63,100 Earnings of wholly-owned subsidiaries, net of dividends 133,147 75,697 20,899 Interest expense (2,672) (1,455) (1,743) All other expense, net (939) (3,898) (779) Net income $ 146,936 95,644 81,477
Condensed Statements of Cash Flows	CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, ($ in thousands) 2022 2021 2020 Operating Activities: Net income $ 146,936 95,644 81,477 Equity in undistributed earnings of subsidiaries (133,147) (75,697) (20,899) Decrease in other assets 4,055 3,924 5,806 Increase (decrease) in other liabilities 642 (859) (3) Total – operating activities 18,486 23,012 66,381 Investing Activities: Net cash received in acquisitions — 7,379 — Total - investing activities — 7,379 — Financing Activities: Payment of common stock cash dividends (30,660) (22,228) (20,936) Repurchases of common stock — (4,036) (31,868) Stock withheld for payment of taxes (840) (786) (307) Total - financing activities (31,500) (27,050) (53,111) Net (decrease) increase in cash (13,014) 3,341 13,270 Cash, beginning of year 18,625 15,284 2,014 Cash, end of year $ 5,611 18,625 15,284

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Numerators and Denominators Used in Computing Basic and Diluted Earnings Per Common Share	The following is a reconciliation of the income (numerator) and shares (denominator) used in computing Basic and Diluted Earnings Per Common Share ("EPS"): For Years Ended December 31, 2022 2021 2020 ($ in thousands except per Income Shares Per Share Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 146,936 $ 95,644 $ 81,477 Less: income allocated to participating securities (779) (483) (398) Basic EPS per common share $ 146,157 35,485,620 $ 4.12 $ 95,161 29,876,151 $ 3.19 $ 81,079 28,839,866 $ 2.81 Diluted EPS: Net income $ 146,936 35,485,620 $ 95,644 29,876,151 $ 81,477 28,839,866 Effect of Dilutive Securities — 189,110 — 151,634 — 141,701 Diluted EPS per common share $ 146,936 35,674,730 $ 4.12 $ 95,644 30,027,785 $ 3.19 $ 81,477 28,981,567 $ 2.81

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of AOCI for the Company are as follows: ($ in thousands) December 31, December 31, December 31, Unrealized (loss) gain on securities available for sale $ (444,063) (32,067) 20,448 Deferred tax asset (liability) 102,046 7,369 (4,699) Net unrealized (loss) gain on securities available for sale (342,017) (24,698) 15,749 Postretirement plans asset (liability) 54 (353) (1,817) Deferred tax (liability) asset (12) 81 418 Net postretirement plans asset (liability) 42 (272) (1,399) Total accumulated other comprehensive (loss) income $ (341,975) (24,970) 14,350 The following table discloses the changes in AOCI for the years ended December 31, 2022, 2021, and 2020 (all amounts are net of tax). ($ in thousands) Unrealized Gain (Loss) on Securities Available for Sale Postretirement Plans (Liability) Asset Total Beginning balance at January 1, 2020 $ 7,504 (2,381) 5,123 Other comprehensive income before reclassifications 14,425 454 14,879 Amounts reclassified from accumulated other comprehensive income (6,180) 528 (5,652) Net current-period other comprehensive income 8,245 982 9,227 Ending balance at December 31, 2020 15,749 (1,399) 14,350 Other comprehensive (loss) income before reclassifications (41,400) 671 (40,729) Amounts reclassified from accumulated other comprehensive income 953 456 1,409 Net current-period other comprehensive (loss) income (40,447) 1,127 (39,320) Ending balance at at December 31, 2021 (24,698) (272) (24,970) Other comprehensive (loss) income before reclassifications (317,319) 536 (316,783) Amounts reclassified from accumulated other comprehensive income — (222) (222) Net current-period other comprehensive (loss) income (317,319) 314 (317,005) Ending balance at December 31, 2022 $ (342,017) 42 (341,975)

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Noninterest Income	The following table presents the Company’s sources of noninterest income for years ended December 31, 2022, 2021, and 2020. Items outside the scope of ASC 606 are noted as such. For the Years Ended December 31, ($ in thousands) 2022 2021 2020 Noninterest income in-scope of ASC 606: Service charges on deposit accounts $ 15,523 12,317 11,098 Other service charges, commissions, and fees: Bankcard Interchange income, net 14,996 17,323 13,101 Other service charges and fees 5,683 4,352 3,905 Commissions from sales of insurance and financial products: Insurance income — 2,725 5,353 Wealth management income 5,195 4,160 3,495 SBA consulting fees 2,608 7,231 8,644 Noninterest income (in-scope of ASC 606) 44,005 48,108 45,596 Noninterest income (out-of-scope of ASC 606) 23,980 25,503 35,750 Total noninterest income $ 67,985 73,611 81,346

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Basis of Presentation (Details)	Dec. 31, 2022 subsidiary
First Bank
Subsidiary or Equity Method Investee [Line Items]
Number of wholly owned subsidiaries	3

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Allowance for Credit Losses - Securities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Taxable interest income
Accrued interest on held to maturity debt securities	$ 4.3	$ 3.7
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Taxable interest income
Accrued interest on available for sale debt securities	$ 5.7	$ 5

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - SBA and Other Loans Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
SBA and other loans held for sale	$ 0	$ 61,003
SBA Loans
Subsequent Event [Line Items]
SBA and other loans held for sale	$ 0	9,600
SBA Loans | Select
Subsequent Event [Line Items]
SBA and other loans held for sale		$ 51,400

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Loans (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable
Accrued interest receivable on loans	$ 19.7	$ 17.2
Threshold period for discontinuing accrual of interest on loans	90 days

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Purchased Credit Deteriorated Loans (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Accounting Policies [Abstract]
Credit loss expense recognized upon acquisition of a PCD loan	$ 0

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - SBA Loans (Details)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SBA loan, amortization period	25 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2022
Minimum
Finite-Lived Intangible Assets [Line Items]
Identifiable intangible assets, useful life	5 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Identifiable intangible assets, useful life	10 years

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Other Investments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Other Investments	$ 18.5	$ 11.3

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Impairment (Details)	12 Months Ended
	Dec. 31, 2022 reporting_unit
Accounting Policies [Abstract]
Number of reporting units	2

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions, Narrative (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Jan. 01, 2023 USD ($) location option $ / shares shares	Oct. 15, 2021 USD ($) location $ / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Assets			$ 10,625,049	$ 10,508,901
Loans			6,665,145	6,081,715	$ 4,731,315
Deposits			9,227,529	9,124,629
Goodwill			364,263	364,263	239,272
Merger and acquisition expenses			5,072	16,845	0
Provision for loan losses			12,600	9,611	35,039
(Reversal of) provision for unfunded commitments			$ (200)	5,420	0
Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life			5 years
Core Deposits | Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life			10 years
Core Deposits | Weighted Average
Business Acquisition [Line Items]
Identifiable intangible assets, useful life			41 months
Select
Business Acquisition [Line Items]
Number banking locations | location		22
Option price, cash out value (in usd per share) | $ / shares		$ 18
Merger and acquisition expenses				800
Provision for loan losses				(1,300)	$ 6,200
Grand South
Business Acquisition [Line Items]
Assets			$ 1,200,000
Loans			1,000,000
Deposits			$ 1,100,000
Grand South | Subsequent Event
Business Acquisition [Line Items]
Common stock portion, number of First Bancorp's stock for each share of acquiree common stock converted (in shares) | shares	0.91
Number of shares issued | shares	5,032,834
Common stock options converted | option	596,000
Business acquisition, equity interest issued or issuable, common stock options, converted, exercise price (in dollars per share) | $ / shares	$ 18.22
Total purchase price	$ 226,900
Number banking locations | location	8
Select
Business Acquisition [Line Items]
Common stock portion, number of First Bancorp's stock for each share of acquiree common stock converted (in shares) | shares		0.408
Number of shares issued | shares		7,070,371
Total purchase price		$ 325,819
Loans		19,300
Fair value of shares issued		324,400
Payments for acquisition		$ 1,400
Percentage of voting interest acquired		100%
Goodwill		$ 132,356
Loans reclassified from fair value mark to ACL resulting from PCD loans		4,895
Merger and acquisition expenses				16,800
Other assets acquired		61,020
Liabilities assumed		$ 1,621,421
Select | Adjustment for Non-PCD Provision
Business Acquisition [Line Items]
Provision for loan losses				14,100
Select | Adjustment on Initial Recording of Provision
Business Acquisition [Line Items]
(Reversal of) provision for unfunded commitments				$ 3,900

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 15, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liabilities assumed:
Goodwill recorded related to acquisition of Select		$ 364,263	$ 364,263	$ 239,272
Select
Assets acquired:
Cash and cash equivalents	$ 210,422
Securities available for sale	226,228
Loans held for sale	51,779
Loans	1,230,107
Premises and equipment	21,509
Core deposit intangible	9,170
Operating right-of-use lease assets	4,649
Other assets	61,020
Total assets	1,814,884
Liabilities assumed:
Deposits	1,593,135
Borrowings	11,038
Other liabilities	17,248
Total liabilities	1,621,421
Net identifiable assets acquired	193,463
Total purchase price	325,819
Goodwill recorded related to acquisition of Select	$ 132,356

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Acquired Loans (Details) - Select $ in Thousands	Oct. 15, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Par value	$ 111,835
Allowance for credit losses	(4,895)
Non-credit discount	(1,251)
Purchase price	105,689
Non-PCD Loans
Non-PCD Loans:
Fair Value	1,124,418
Gross contractual amounts receivable	1,134,879
Estimate of contractual cash flows not expected to be collected	$ 13,257

Acquisitions and Dispositions_4

Acquisitions and Dispositions - Summary of Proforma Combined (Details) - Select - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Pro Forma Information, Revenue Since Acquisition Date, Actual	$ 15,175
Pro Forma Revenue	380,241	$ 362,654
Pro Forma Information, Net Income Since Acquisition Date, Actual	8,813
Pro Forma Net Income	$ 143,882	$ 93,980

Acquisitions and Dispositions_5

Acquisitions and Dispositions - Disposals, Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]		Other gains (losses), net
Discontinued Operations, Disposed of by Sale | First Bank Insurance Services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration for the sale	$ 13
Future earn-out payment	1
Cash received at the time of sale	11.3
Net assets sold and liabilities transferred	1.7
Gain on sale	1.7
Total intangible assets	10.2
Goodwill	7.4
Finite-lived intangible assets	$ 2.8

Securities - Summary of Book Va

Securities - Summary of Book Values and Fair Values of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value
Amortized Cost	$ 2,758,556	$ 2,662,481
Fair Value	2,314,493	2,630,414
Unrealized Gains	4	10,595
Unrealized (Losses)	(444,067)	(42,662)
Securities held to maturity:
Amortized Cost	541,700	513,825
Fair Value	432,528	511,699
Unrealized Gains	7	3,540
Unrealized (Losses)	(109,179)	(5,666)
US Treasury Securities
Fair Value
Amortized Cost	174,420
Fair Value	168,758
Unrealized Gains	0
Unrealized (Losses)	(5,662)
Securities held to maturity:
Amortized Cost		0
Fair Value		0
Unrealized Gains		0
Unrealized (Losses)		0
Government-sponsored enterprise securities
Fair Value
Amortized Cost	71,957	71,951
Fair Value	57,456	69,179
Unrealized Gains	0	0
Unrealized (Losses)	(14,501)	(2,772)
Mortgage-backed securities
Fair Value
Amortized Cost	2,467,839	2,545,150
Fair Value	2,045,000	2,514,805
Unrealized Gains	4	9,489
Unrealized (Losses)	(422,843)	(39,834)
Securities held to maturity:
Amortized Cost	15,150	20,260
Fair Value	14,221	20,845
Unrealized Gains	0	585
Unrealized (Losses)	(929)	0
Corporate bonds
Fair Value
Amortized Cost	44,340	45,380
Fair Value	43,279	46,430
Unrealized Gains	0	1,106
Unrealized (Losses)	(1,061)	(56)
State and local governments
Securities held to maturity:
Amortized Cost	526,550	493,565
Fair Value	418,307	490,854
Unrealized Gains	7	2,955
Unrealized (Losses)	$ (108,250)	$ (5,666)

Securities - Narrative (Details

Securities - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) security $ / shares shares	Dec. 31, 2021 USD ($) security	Dec. 31, 2020 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Private mortgage-backed security fair value	$ 800,000	$ 900,000
Number of securities | security	666	648
Number of securities in an unrealized loss position | security	644	371
Investment securities, pledged as collateral for public deposits	$ 758,000,000	$ 951,400,000
Proceeds from sales of securities available for sale	0	106,484,000	$ 219,697,000
Losses (gains) on securities available for sale	0	(1,237,000)	$ 8,024,000
FHLB stock and FRB stock, cost	39,600,000	22,300,000
FHLB, cost	14,700,000	4,600,000
FRB stock	$ 24,900,000	$ 17,800,000
Visa, Inc | Common Class B
Debt and Equity Securities, FV-NI [Line Items]
Stock owned (in shares) | shares	12,356
Carrying value of shares	$ 0
Visa, Inc | Common Class A
Debt and Equity Securities, FV-NI [Line Items]
Conversion price (in usd per share) | $ / shares	$ 1.60
Conversion of stock (in shares) | shares	19,758

Securities - Schedule of Inform

Securities - Schedule of Information Regarding Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS and HTM	$ 478,793	$ 2,023,736
Unrealized Losses, AFS and HTM	33,147	30,297
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS and HTM	2,263,197	487,570
Unrealized Losses, AFS and HTM	520,099	18,031
Total
Fair Value, AFS and HTM	2,741,990	2,511,306
Unrealized Losses, AFS and HTM	553,246	48,328
US Treasury Securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS	168,758
Unrealized Losses, AFS	5,662
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS	0
Unrealized Losses, AFS	0
Total
Fair Value, AFS	168,758
Unrealized Losses, AFS	5,662
Government-sponsored enterprise securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS	0	21,436
Unrealized Losses, AFS	0	522
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS	57,456	47,743
Unrealized Losses, AFS	14,501	2,250
Total
Fair Value, AFS	57,456	69,179
Unrealized Losses, AFS	14,501	2,772
Mortgage-backed securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS and HTM	221,006	1,773,022
Unrealized Losses, AFS and HTM	18,215	25,977
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS and HTM	1,835,958	404,484
Unrealized Losses, AFS and HTM	405,557	13,857
Total
Fair Value, AFS and HTM	2,056,964	2,177,506
Unrealized Losses, AFS and HTM	423,772	39,834
Corporate bonds
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS	40,644	999
Unrealized Losses, AFS	947	1
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS	886	945
Unrealized Losses, AFS	114	55
Total
Fair Value, AFS	41,530	1,944
Unrealized Losses, AFS	1,061	56
State and local governments
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, HTM	48,385	228,279
Unrealized Losses, HTM	8,323	3,797
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, HTM	368,897	34,398
Unrealized Losses, HTM	99,927	1,869
Total
Fair Value, HTM	417,282	262,677
Unrealized Losses, HTM	$ 108,250	$ 5,666

Securities - Schedule of Book V

Securities - Schedule of Book Values and Fair Values of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized Cost
Due within one year	$ 25,078
Due after one year but within five years	176,932
Due after five years but within ten years	87,707
Due after ten years	1,000
Mortgage-backed securities	2,467,839
Amortized Cost	2,758,556	$ 2,662,481
Fair Value
Due within one year	25,036
Due after one year but within five years	171,224
Due after five years but within ten years	72,348
Due after ten years	885
Mortgage-backed securities	2,045,000
Total securities	2,314,493	2,630,414
Amortized Cost
Due within one year	0
Due after one year but within five years	997
Due after five years but within ten years	61,509
Due after ten years	464,044
Mortgage-backed securities	15,150
Amortized Cost	541,700	513,825
Fair Value
Due within one year	0
Due after one year but within five years	873
Due after five years but within ten years	50,726
Due after ten years	366,708
Mortgage-backed securities	14,221
Total securities	$ 432,528	$ 511,699

Loans, Allowance for Credit L_3

Loans, Allowance for Credit Losses, and Asset Quality Information - Summary of Major Categories of Total Loans Outstanding (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 6,666,548	$ 6,083,419	$ 4,735,013
Unamortized net deferred loan fees	(1,403)	(1,704)	3,698
Total loans	$ 6,665,145	$ 6,081,715	4,731,315
Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	100%	100%
Total SBA loans included in the table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 148,803	$ 171,149
Guaranteed portions of SBA Loans included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	31,893	48,377
Unguaranteed portions of SBA Loans included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	116,910	122,772
Sold portions of SBA loans with servicing retained - not included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	392,370	414,240
Commercial, financial, and agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 641,941	$ 648,997	782,549
Commercial, financial, and agricultural | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	9%	11%
Real estate, commercial | Real estate – construction, land development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 934,176	$ 828,549	570,672
Real estate, commercial | Real estate – construction, land development & other land loans | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	14%	13%
Real estate, commercial | Real estate mortgage – commercial and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 3,510,261	$ 3,194,737	2,049,203
Real estate, commercial | Real estate mortgage – commercial and other | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	53%	53%
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,195,785	$ 1,021,966	972,378
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	18%	17%
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 323,726	$ 331,932	306,256
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	5%	5%
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 60,659	$ 57,238	$ 53,955
Consumer loans | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	1%	1%

Loans, Allowance for Credit L_4

Loans, Allowance for Credit Losses, and Asset Quality Information - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
PPP loans	$ 0	$ 39,000
Unamortized discount on acquired loans	$ 11,600	$ 17,200
Number of loans to debtors with nonperforming loans | loan	1	0
Net book balance of individually evaluated loans on nonaccrual, threshold amount for designation as collateral dependent loans	$ 350
Interest income on restructured loans			$ 1,100
Loans	6,666,548	$ 6,083,419	4,735,013
Financing receivable, revolving, converted to term loan during period	3,300	1,000
Allowance for credit losses on loans	90,967	78,789	52,388	$ 21,398
SBA Loans
Loans and Leases Receivable Disclosure [Line Items]
Unamortized discount on acquired loans	4,300	6,000
Asset Pledged as Collateral without Right
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	5,300,000	4,300,000
Commercial, financial, and agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	641,941	648,997	782,549
Allowance for credit losses on loans	17,718	16,249	11,316	4,553
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	60,659	57,238	53,955
Allowance for credit losses on loans	2,900	2,656	1,478	$ 972
Special Mention Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	39,000	43,100
Special Mention Loans | Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	4
Classified
Loans and Leases Receivable Disclosure [Line Items]
Loans	48,500	56,000
Classified | Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 435	148
Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans	90%
Real Estate | Receivable Benchmark | Collateral Type Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Concentration risk percentage	90%
Hotel | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans	10%
Hotel | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans	25%
Non Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans	75%
Officers and Directors
Loans and Leases Receivable Disclosure [Line Items]
Due from related parties	$ 6,000	600
Number of new loans to related parties | loan	6
New loans to related parties	$ 5,500
Repayments received from related parties	100
Residential Mortgage Loans
Loans and Leases Receivable Disclosure [Line Items]
Presold mortgages in process of settlement	800	1,500
Unfunded Loan Commitment
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses on loans	$ 13,306	$ 13,506	$ 582

Loans, Allowance for Credit L_5

Loans, Allowance for Credit Losses, and Asset Quality Information - Summary of Nonperforming Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	$ 28,514	$ 34,696
Total loans	6,665,145	6,081,715	$ 4,731,315
Foreclosed properties	658	3,071
Nonperforming assets
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	28,514	34,696
TDRs- accruing	9,121	13,866
Financing receivables past due	0	1,004
Total loans	37,635	49,566
Foreclosed properties	658	3,071
Total nonperforming assets	$ 38,293	$ 52,637

Loans, Allowance for Credit L_6

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	$ 9,022	$ 12,948
Nonaccrual Loans with an Allowance	19,492	21,748
Nonaccrual loans	28,514	34,696
Commercial, financial, and agricultural
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	3,855	3,947
Nonaccrual Loans with an Allowance	6,374	8,205
Nonaccrual loans	10,229	12,152
Real estate, commercial | Real estate – construction, land development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	495
Nonaccrual Loans with an Allowance	1,009	137
Nonaccrual loans	1,009	632
Real estate, commercial | Real estate mortgage – commercial and other
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	5,010	7,648
Nonaccrual Loans with an Allowance	7,495	8,583
Nonaccrual loans	12,505	16,231
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	157	858
Nonaccrual Loans with an Allowance	3,132	4,040
Nonaccrual loans	3,289	4,898
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	0
Nonaccrual Loans with an Allowance	1,397	694
Nonaccrual loans	1,397	694
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	0
Nonaccrual Loans with an Allowance	85	89
Nonaccrual loans	$ 85	$ 89

Loans, Allowance for Credit L_7

Loans, Allowance for Credit Losses, and Asset Quality Information - Accrued Interest Receivable Written Off (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	$ 324	$ 699
Commercial, financial, and agricultural
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	102	195
Real estate, commercial | Real estate – construction, land development & other land loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	16	6
Real estate, commercial | Real estate mortgage – commercial and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	139	453
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	45	31
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	20	14
Consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	$ 2	$ 0

Loans, Allowance for Credit L_8

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Analysis of Payment Status of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Loans	$ 6,665,145	$ 6,081,715	$ 4,731,315
Nonaccrual loans	28,514	34,696
Unamortized net deferred loan fees	(1,403)	(1,704)	3,698
Total loans	6,666,548	6,083,419	4,735,013
Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	5,417	11,763
Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,811	3,263
Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	1,004
Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	6,629,806	6,032,693
Commercial, financial, and agricultural
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	10,229	12,152
Total loans	641,941	648,997	782,549
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	438	377
Commercial, financial, and agricultural | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	565	93
Commercial, financial, and agricultural | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial, financial, and agricultural | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	630,709	636,375
Commercial, financial, and agricultural | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total loans	641,941	648,997
Real estate, commercial | Real estate – construction, land development & other land loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	1,009	632
Total loans	934,176	828,549	570,672
Real estate, commercial | Real estate – construction, land development & other land loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	238	4,046
Real estate, commercial | Real estate – construction, land development & other land loans | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,687	0
Real estate, commercial | Real estate – construction, land development & other land loans | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	286
Real estate, commercial | Real estate – construction, land development & other land loans | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	931,242	823,585
Real estate, commercial | Real estate – construction, land development & other land loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total loans	934,176	828,549
Real estate, commercial | Real estate mortgage – commercial and other
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	12,505	16,231
Total loans	3,510,261	3,194,737	2,049,203
Real estate, commercial | Real estate mortgage – commercial and other | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	620	164
Real estate, commercial | Real estate mortgage – commercial and other | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	97	1,496
Real estate, commercial | Real estate mortgage – commercial and other | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Real estate mortgage – commercial and other | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	3,497,039	3,176,846
Real estate, commercial | Real estate mortgage – commercial and other | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total loans	3,510,261	3,194,737
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	3,289	4,898
Total loans	1,195,785	1,021,966	972,378
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,415	6,571
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	25	1,488
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	1,189,056	1,009,009
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total loans	1,195,785	1,021,966
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	1,397	694
Total loans	323,726	331,932	306,256
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	457	489
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	371	124
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	718
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	321,501	329,907
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total loans	323,726	331,932
Consumer loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	85	89
Total loans	60,659	57,238	$ 53,955
Consumer loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	249	116
Consumer loans | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	66	62
Consumer loans | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer loans | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	60,259	56,971
Consumer loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total loans	$ 60,659	$ 57,238

Loans, Allowance for Credit L_9

Loans, Allowance for Credit Losses, and Asset Quality Information - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 13,274	$ 20,033
Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	157	871
Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,394	7,886
Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	533
Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,723	10,743
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,394	7,886
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,394	7,886
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,723	10,743
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,723	10,743
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		533
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		533
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	157	871
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	157	871
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 0	$ 0

Loans, Allowance for Credit _10

Loans, Allowance for Credit Losses, and Asset Quality Information - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 13,274	$ 20,033
Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	157	871
Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,394	7,886
Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	533
Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,723	10,743
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,394	7,886
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,394	7,886
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial, financial, and agricultural | Accruing 30-59 Days Past Due | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,723	10,743
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Real estate mortgage – commercial and other | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,723	10,743
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		533
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		533
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate – construction, land development & other land loans | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	157	871
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	157	871
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, mortgage | Accruing 30-59 Days Past Due | Real estate mortgage – residential (1-4 family) first mortgages | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 0	$ 0

Loans, Allowance for Credit _11

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Activity in Allowance for Loan Losses for Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 78,789	$ 52,388	$ 21,398
Allowance for Select PCD loans		4,895
Charge-offs	(4,465)	(7,602)	(8,502)
Recoveries	4,043	4,922	4,453
Provisions/(Reversals)	12,600	9,611	35,039
Ending balance	90,967	78,789	52,388
Ending balances: Allowance for loan losses
Individually evaluated for impairment			6,551
Collectively evaluated for impairment			45,699
Purchased credit impaired			138
Loans receivable:
Loans	6,666,548	6,083,419	4,735,013
Unamortized net deferred loan fees	(1,403)	(1,704)	3,698
Total loans	6,665,145	6,081,715	4,731,315
Ending balances: Loans
Individually evaluated for impairment			36,281
Collectively evaluated for impairment			4,690,141
Purchased credit impaired			8,591
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		14,575
Ending balance			14,575
Commercial, financial, and agricultural
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	16,249	11,316	4,553
Allowance for Select PCD loans		2,917
Charge-offs	(2,519)	(3,722)	(5,608)
Recoveries	756	1,744	745
Provisions/(Reversals)	3,232	927	11,626
Ending balance	17,718	16,249	11,316
Ending balances: Allowance for loan losses
Individually evaluated for impairment			3,546
Collectively evaluated for impairment			7,742
Purchased credit impaired			28
Loans receivable:
Loans	641,941	648,997	782,549
Ending balances: Loans
Individually evaluated for impairment			7,700
Collectively evaluated for impairment			774,712
Purchased credit impaired			137
Commercial, financial, and agricultural | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		3,067
Ending balance			3,067
Real estate, commercial | Real estate – construction, land development & other land loans
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	16,519	5,355	1,976
Allowance for Select PCD loans		165
Charge-offs	0	(245)	(51)
Recoveries	480	948	1,552
Provisions/(Reversals)	(1,871)	4,156	1,878
Ending balance	15,128	16,519	5,355
Ending balances: Allowance for loan losses
Individually evaluated for impairment			30
Collectively evaluated for impairment			5,325
Purchased credit impaired			0
Loans receivable:
Loans	934,176	828,549	570,672
Ending balances: Loans
Individually evaluated for impairment			677
Collectively evaluated for impairment			569,845
Purchased credit impaired			150
Real estate, commercial | Real estate – construction, land development & other land loans | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		6,140
Ending balance			6,140
Real estate, commercial | Real estate mortgage – commercial and other
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	30,342	23,603	8,938
Allowance for Select PCD loans		1,489
Charge-offs	(1,063)	(2,295)	(968)
Recoveries	1,983	533	621
Provisions/(Reversals)	9,447	7,269	15,012
Ending balance	40,709	30,342	23,603
Ending balances: Allowance for loan losses
Individually evaluated for impairment			2,175
Collectively evaluated for impairment			21,428
Purchased credit impaired			0
Loans receivable:
Loans	3,510,261	3,194,737	2,049,203
Ending balances: Loans
Individually evaluated for impairment			18,582
Collectively evaluated for impairment			2,026,682
Purchased credit impaired			3,939
Real estate, commercial | Real estate mortgage – commercial and other | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		(257)
Ending balance			(257)
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	8,686	8,048	3,832
Allowance for Select PCD loans		222
Charge-offs	0	(273)	(478)
Recoveries	17	761	754
Provisions/(Reversals)	2,651	(2,656)	3,940
Ending balance	11,354	8,686	8,048
Ending balances: Allowance for loan losses
Individually evaluated for impairment			800
Collectively evaluated for impairment			7,141
Purchased credit impaired			107
Loans receivable:
Loans	1,195,785	1,021,966	972,378
Ending balances: Loans
Individually evaluated for impairment			9,303
Collectively evaluated for impairment			958,848
Purchased credit impaired			4,227
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		2,584
Ending balance			2,584
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,337	2,375	1,127
Allowance for Select PCD loans		92
Charge-offs	(43)	(400)	(524)
Recoveries	600	578	487
Provisions/(Reversals)	(1,736)	(888)	1,285
Ending balance	3,158	4,337	2,375
Ending balances: Allowance for loan losses
Individually evaluated for impairment			0
Collectively evaluated for impairment			2,375
Purchased credit impaired			0
Loans receivable:
Loans	323,726	331,932	306,256
Ending balances: Loans
Individually evaluated for impairment			15
Collectively evaluated for impairment			306,141
Purchased credit impaired			100
Real estate, mortgage | Real estate mortgage – home equity loans/lines of credit | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		2,580
Ending balance			2,580
Consumer loans
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,656	1,478	972
Allowance for Select PCD loans		10
Charge-offs	(840)	(667)	(873)
Recoveries	207	358	294
Provisions/(Reversals)	877	803	1,085
Ending balance	2,900	2,656	1,478
Ending balances: Allowance for loan losses
Individually evaluated for impairment			0
Collectively evaluated for impairment			1,475
Purchased credit impaired			3
Loans receivable:
Loans	60,659	57,238	53,955
Ending balances: Loans
Individually evaluated for impairment			4
Collectively evaluated for impairment			53,913
Purchased credit impaired			38
Consumer loans | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		674
Ending balance			674
Unallocated
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0	213	0
Allowance for Select PCD loans		0
Charge-offs		0	0
Recoveries		0	0
Provisions/(Reversals)		0	213
Ending balance		0	213
Ending balances: Allowance for loan losses
Individually evaluated for impairment			0
Collectively evaluated for impairment			213
Purchased credit impaired			0
Loans receivable:
Loans			0
Ending balances: Loans
Individually evaluated for impairment			0
Collectively evaluated for impairment			0
Purchased credit impaired			0
Unallocated | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ (213)
Ending balance			$ (213)

Loans, Allowance for Credit _12

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Recorded Investment in Loans by Credit Quality Indicators (OLD DISCLOSURE) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Unamortized net deferred loan fees	$ (1,403)	$ (1,704)	$ 3,698

Loans, Allowance for Credit _13

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Recorded Investment in Loans by Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 2,200,727	$ 2,380,302
2020	1,850,445	1,329,007
2019	897,337	637,027
2018	444,804	396,981
2017	957	317,729
Prior	750,041	478,114
Revolving	522,237	544,259
Total	6,666,548	6,083,419	$ 4,735,013
Unamortized net deferred loan fees	(1,403)	(1,704)	3,698
Loans	6,665,145	6,081,715	4,731,315
Commercial, financial, and agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
Total	641,941	648,997	782,549
Commercial, financial, and agricultural | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	641,941	648,997
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	35,726	14,960
2020	7,977	25,508
2019	3,613	2,965
2018	1,057	1,730
2017	3	673
Prior	1,275	550
Revolving	11,008	10,852
Total	60,659	57,238	53,955
Consumer loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	60,659	57,238
Commercial, financial, and agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
2021	186,243	206,779
2020	109,822	140,588
2019	86,566	74,385
2018	53,970	76,470
2017	590	16,745
Prior	83,340	17,597
Revolving	121,410	116,433
Total	641,941	648,997
Real estate – construction, land development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	556,536	575,195
2020	267,208	134,674
2019	46,138	74,208
2018	31,872	12,648
2017	0	9,882
Prior	12,866	8,196
Revolving	19,556	13,746
Total	934,176	828,549	570,672
Real estate – construction, land development & other land loans | Real estate, commercial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	934,176	828,549
Real estate mortgage – residential (1-4 family) first mortgages | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	319,234	242,926
2020	275,134	225,388
2019	186,433	121,148
2018	99,388	83,945
2017	185	87,050
Prior	313,373	249,433
Revolving	2,038	12,076
Total	1,195,785	1,021,966	972,378
Real estate mortgage – residential (1-4 family) first mortgages | Real estate, mortgage | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,195,785	1,021,966
Real estate mortgage – home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,150	3,380
2020	1,247	595
2019	443	525
2018	324	1,304
2017	0	245
Prior	2,251	2,275
Revolving	318,311	323,608
Total	323,726	331,932	306,256
Real estate mortgage – home equity loans/lines of credit | Real estate, mortgage | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	323,726	331,932
Real estate mortgage – commercial and other | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,101,838	1,337,062
2020	1,189,057	802,254
2019	574,144	363,796
2018	258,193	220,884
2017	179	203,134
Prior	336,936	200,063
Revolving	49,914	67,544
Total	3,510,261	3,194,737	$ 2,049,203
Real estate mortgage – commercial and other | Real estate, commercial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,510,261	3,194,737
Pass | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	35,406	14,960
2020	7,946	25,431
2019	3,610	2,965
2018	1,056	1,722
2017	3	673
Prior	1,250	525
Revolving	10,953	10,810
Total	60,224	57,086
Pass | Commercial, financial, and agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
2021	185,167	204,945
2020	107,747	138,540
2019	85,110	71,369
2018	51,274	66,645
2017	590	16,009
Prior	76,588	17,492
Revolving	120,590	112,933
Total	627,066	627,933
Pass | Real estate – construction, land development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	550,752	573,613
2020	267,096	133,888
2019	42,421	69,066
2018	30,973	12,455
2017	0	9,764
Prior	12,722	8,190
Revolving	19,519	13,737
Total	923,483	820,713
Pass | Real estate mortgage – residential (1-4 family) first mortgages | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	317,282	241,619
2020	274,756	224,617
2019	186,102	120,097
2018	98,559	82,531
2017	185	86,074
Prior	301,885	234,950
Revolving	1,379	11,051
Total	1,180,148	1,000,939
Pass | Real estate mortgage – home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	869	3,111
2020	1,091	498
2019	349	439
2018	237	1,304
2017	0	245
Prior	2,020	1,649
Revolving	309,786	317,319
Total	314,352	324,565
Pass | Real estate mortgage – commercial and other | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,096,643	1,328,156
2020	1,186,678	796,992
2019	569,624	355,885
2018	247,448	211,118
2017	179	197,165
Prior	324,361	197,659
Revolving	48,882	66,104
Total	3,473,815	3,153,079
Special Mention Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	39,000	43,100
Special Mention Loans | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	4
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Revolving	0	0
Total	0	4
Special Mention Loans | Commercial, financial, and agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
2021	342	225
2020	166	1,255
2019	648	1,313
2018	1,312	2,729
2017	0	225
Prior	990	9
Revolving	332	2,348
Total	3,790	8,104
Special Mention Loans | Real estate – construction, land development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	5,128	41
2020	5	737
2019	3,679	5,095
2018	0	110
2017	0	104
Prior	100	2
Revolving	13	9
Total	8,925	6,098
Special Mention Loans | Real estate mortgage – residential (1-4 family) first mortgages | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,189	888
2020	127	615
2019	110	516
2018	470	229
2017	0	323
Prior	2,416	3,237
Revolving	0	94
Total	4,312	5,902
Special Mention Loans | Real estate mortgage – home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	175	194
2020	0	0
2019	0	15
2018	0	0
2017	0	0
Prior	18	19
Revolving	1,072	1,341
Total	1,265	1,569
Special Mention Loans | Real estate mortgage – commercial and other | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,715	1,759
2020	1,114	4,849
2019	4,436	5,801
2018	8,289	3,741
2017	0	2,072
Prior	4,457	1,801
Revolving	665	1,440
Total	20,676	21,463
Classified
Financing Receivable, Credit Quality Indicator [Line Items]
Total	48,500	56,000
Classified | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	320	0
2020	31	73
2019	3	0
2018	1	8
2017	0	0
Prior	25	25
Revolving	55	42
Total	435	148
Classified | Commercial, financial, and agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
2021	734	1,609
2020	1,909	793
2019	808	1,703
2018	1,384	7,096
2017	0	511
Prior	5,762	96
Revolving	488	1,152
Total	11,085	12,960
Classified | Real estate – construction, land development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	656	1,541
2020	107	49
2019	38	47
2018	899	83
2017	0	14
Prior	44	4
Revolving	24	0
Total	1,768	1,738
Classified | Real estate mortgage – residential (1-4 family) first mortgages | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	763	419
2020	251	156
2019	221	535
2018	359	1,185
2017	0	653
Prior	9,072	11,246
Revolving	659	931
Total	11,325	15,125
Classified | Real estate mortgage – home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	106	75
2020	156	97
2019	94	71
2018	87	0
2017	0	0
Prior	213	607
Revolving	7,453	4,948
Total	8,109	5,798
Classified | Real estate mortgage – commercial and other | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	3,480	7,147
2020	1,265	413
2019	84	2,110
2018	2,456	6,025
2017	0	3,897
Prior	8,118	603
Revolving	367	0
Total	$ 15,770	$ 20,195

Loans, Allowance for Credit _14

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Information of Loans Modified in Troubled Debt Restructuring (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) contract	Dec. 31, 2021 USD ($) contract	Dec. 31, 2020 USD ($) contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	12	12	12
Pre- Modification Restructured Balances	$ 1,137	$ 3,538	$ 6,338
Post- Modification Restructured Balances	$ 1,140	$ 3,535	$ 6,341
Commercial, financial, and agricultural | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	2		2
Pre- Modification Restructured Balances	$ 143		$ 143
Post- Modification Restructured Balances	$ 143		$ 143
Commercial, financial, and agricultural | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	5	5	1
Pre- Modification Restructured Balances	$ 744	$ 1,438	$ 72
Post- Modification Restructured Balances	$ 744	$ 1,435	$ 72
Real estate, commercial | Real estate – construction, land development & other land loans | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	1		1
Pre- Modification Restructured Balances	$ 67		$ 67
Post- Modification Restructured Balances	$ 67		$ 67
Real estate, commercial | Real estate – construction, land development & other land loans | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract		1
Pre- Modification Restructured Balances		$ 75
Post- Modification Restructured Balances		$ 75
Real estate, commercial | Real estate mortgage – commercial and other | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	1	4	5
Pre- Modification Restructured Balances	$ 72	$ 1,729	$ 5,977
Post- Modification Restructured Balances	$ 72	$ 1,729	$ 5,977
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	2	1	2
Pre- Modification Restructured Balances	$ 75	$ 33	$ 75
Post- Modification Restructured Balances	$ 78	$ 33	$ 78
Real estate, mortgage | Real estate mortgage – residential (1-4 family) first mortgages | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	1	1
Pre- Modification Restructured Balances	$ 36	$ 263
Post- Modification Restructured Balances	$ 36	$ 263
Consumer loans | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract			1
Pre- Modification Restructured Balances			$ 4
Post- Modification Restructured Balances			$ 4

Loans, Allowance for Credit _15

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Accruing Restructured Loans Defaulted in Period (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) contract reporting_unit	Dec. 31, 2021 USD ($) contract reporting_unit	Dec. 31, 2020 USD ($) contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts	0	0	1
Recorded Investment	$ 0	$ 0	$ 274
Real estate mortgage – commercial and other | Real estate, commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0	1
Recorded Investment	$ 0	$ 0	$ 274

Loans, Allowance for Credit _16

Loans, Allowance for Credit Losses, and Asset Quality Information - Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 78,789	$ 52,388	$ 21,398
(Reversal of) provision for credit losses on changes in unfunded commitments	12,600	9,611	35,039
Ending balance	90,967	78,789	52,388
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		14,575
Ending balance			14,575
Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	13,506	582
Day 2 provision for credit losses on unfunded commitments acquired from Select	0	3,982
(Reversal of) provision for credit losses on changes in unfunded commitments	(200)	1,438
Ending balance	13,306	13,506	582
Unfunded Loan Commitment | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0	7,504
Ending balance		$ 0	$ 7,504

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total cost	$ 195,038	$ 191,147
Less accumulated depreciation and amortization	(60,851)	(55,055)
Total premises and equipment	134,187	136,092
Depreciation	6,859	6,187	$ 5,838
Land
Property, Plant and Equipment [Line Items]
Total cost	$ 45,363	45,398
Land | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	15 years
Land | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	40 years
Buildings
Property, Plant and Equipment [Line Items]
Total cost	$ 114,884	112,622
Furniture and equipment
Property, Plant and Equipment [Line Items]
Total cost	$ 33,147	31,099
Furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	5 years
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	10 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total cost	$ 1,644	$ 2,028
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	5 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	39 years

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of the Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortizable intangible assets:
Gross Carrying Amount	$ 45,114	$ 43,782
Accumulated Amortization	32,439	25,955
Unamortizable intangible assets:
Goodwill	364,263	364,263	$ 239,272
Customer lists
Amortizable intangible assets:
Gross Carrying Amount	2,700	2,700
Accumulated Amortization	1,847	1,386
Core deposit intangibles
Amortizable intangible assets:
Gross Carrying Amount	29,050	29,050
Accumulated Amortization	21,274	18,076
SBA servicing asset
Amortizable intangible assets:
Gross Carrying Amount	13,264	11,932
Accumulated Amortization	9,260	6,460
Other
Amortizable intangible assets:
Gross Carrying Amount	100	100
Accumulated Amortization	$ 58	$ 33

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)			12 Months Ended
	Oct. 31, 2021	Oct. 15, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Business Acquisition [Line Items]
Intangibles amortization			$ 3,684,000	$ 3,531,000	$ 3,956,000
Servicing fee income			$ 3,400,000	$ 3,900,000	$ 3,300,000
Contractually specified servicing fee income, statement of income or comprehensive income [Extensible Enumeration]			SBA consulting fees	SBA consulting fees	SBA consulting fees
SBA servicing asset			$ 392,400,000	$ 414,200,000
Goodwill impairment	$ 0
Discontinued Operations, Disposed of by Sale | First Bank Insurance Services
Business Acquisition [Line Items]
Finite-lived intangible assets						$ 2,800,000
Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life			5 years
Core Deposits | Select
Business Acquisition [Line Items]
Finite-lived intangibles acquired		$ 9,200,000
Core Deposits | Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life			10 years
Customer Lists | Discontinued Operations, Disposed of by Sale | First Bank Insurance Services
Business Acquisition [Line Items]
Finite-lived intangible assets						$ 2,800,000
Customer Lists | Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life			5 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Changes in SBA Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Roll Forward]
Amortization of SBA servicing assets	$ (2,800)	$ (2,272)	$ (1,795)
Ending balance, net	8,671
SBA servicing asset
Finite-Lived Intangible Assets [Roll Forward]
Beginning balance, net	5,472	5,788
New servicing assets	1,332	1,956
Amortization of SBA servicing assets	(2,800)	(2,272)
Ending balance, net	$ 4,004	$ 5,472	$ 5,788

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Balance at beginning of period	$ 364,263	$ 239,272
Additions from acquisition		132,356
Reduction (none)		(7,365)
Net activity during 2022	0
Balance at end of period	$ 364,263	$ 364,263

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Schedule of the Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 2,545
2024	1,718
2025	1,358
2026	962
2027	781
Thereafter	1,307
Total	$ 8,671

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current - Federal	$ 35,616	$ 25,742	$ 27,799
Current - State	4,477	3,733	3,909
Deferred - Federal	(1,658)	(4,247)	(8,893)
Deferred - State	(152)	(553)	(1,161)
Income tax expense (benefit)	$ 38,283	$ 24,675	$ 21,654

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax provision at statutory rate	$ 38,896	$ 25,266	$ 21,657
Increase (decrease) in income taxes resulting from:
Tax-exempt interest income	(1,976)	(1,589)	(1,050)
Low income housing and other tax credits	(669)	(1,229)	(772)
Bank-owned life insurance income	(1,511)	(589)	(532)
Non-deductible interest expense	26	14	23
State income taxes, net of federal benefit	3,369	2,472	2,117
Nondeductible merger expenses	107	242	0
Change in valuation allowance	(20)	(10)	(20)
Other, net	61	98	231
Income tax expense (benefit)	$ 38,283	$ 24,675	$ 21,654

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for credit losses on loans	$ 20,900	$ 18,102
Allowance for credit losses on unfunded commitments	3,057	3,103
Excess book over tax pension plan cost	365	467
Deferred compensation	638	571
Federal & state net operating loss and tax credit carryforwards	197	206
Accruals, book versus tax	4,404	4,235
Pension	0	81
Unrealized losses on securities available for sale	102,046	7,369
Foreclosed real estate	3	20
Basis differences in assets acquired in FDIC transactions	0	504
Purchase accounting adjustments	2,982	4,076
Equity compensation	768	694
Partnership investments	652	310
Leases	151	108
SBA servicing asset	77	108
All other	0	101
Gross deferred tax assets	136,240	40,055
Less: Valuation allowance	(30)	(10)
Net deferred tax assets	136,210	40,045
Deferred tax liabilities:
Loan fees	(3,102)	(2,840)
Depreciable basis of fixed assets	(5,493)	(5,790)
Amortizable basis of intangible assets	(10,047)	(10,328)
Basis differences in assets acquired in FDIC transactions	108	0
Trust preferred securities	(416)	(453)
Pension	(12)	0
Gross deferred tax liabilities	(19,178)	(19,411)
Net deferred tax asset	$ 117,032	$ 20,634

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Pre-1988 tax bad debt reserve	$ 6.9	$ 6.9	$ 6.9

Deposits - Schedule of Composit

Deposits - Schedule of Composition of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits, by Type [Abstract]
Noninterest-bearing checking accounts	$ 3,566,003	$ 3,348,622
Interest-bearing checking accounts	1,514,166	1,593,231
Money market accounts	2,416,146	2,562,283
Savings accounts	728,641	708,054
Other time deposits	726,254	555,084
Time deposits of $250,000 or more	276,319	357,355
Total deposits	$ 9,227,529	$ 9,124,629

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Related Party Transaction, Due from (to) Related Party [Abstract]
2023	$ 882,741
2024	61,393
2025	27,906
2026	17,565
2027	12,084
Thereafter	884
Total time deposits	$ 1,002,573

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction, Due from (to) Related Party [Abstract]
Deposits received from officers and directors	$ 2,000,000	$ 2,500,000
Deposit overdrafts	800,000	900,000
Time deposits of $250,000 or more	276,319,000	357,355,000
FDIC insurance limit for insured deposits	250,000
Brokered deposits	261,900,000	7,400,000
Reciprocal deposits through CDARS And ICS	$ 10,300,000	$ 12,600,000

Borrowings and Borrowings Ava_3

Borrowings and Borrowings Availability - Schedule of Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total borrowings, gross	$ 290,918	$ 71,050
Unamortized discount on acquired borrowings	(3,411)	(3,664)
Total borrowings	$ 287,507	$ 67,386
Weighted average interest rate	4.82%	2.24%
FHLB Principal Reducing Credit Due July 24, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 32	$ 79
Fixed rate	1%	1%
FHLB Principal Reducing Credit Due December 22, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 912	$ 952
Fixed rate	1.25%	1.25%
FHLB Principal Reducing Credit Due June 26, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 214	$ 225
Fixed rate	0.25%	0.25%
FHLB Principal Reducing Credit Due July 17, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 38	$ 44
Fixed rate	0%	0%
FHLB Principal Reducing Credit Due August 18, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 158	$ 166
Fixed rate	1%	1%
FHLB Principal Reducing Credit Due August 22, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 159	$ 166
Fixed rate	1%	1%
FHLB Principal Reducing Credit Due December 20, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 329	$ 342
Fixed rate	0.50%	0.50%
FHLB Daily Rate Credit Due August 23, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 40,000
Fixed rate	4.57%
FHLB Fixed Rate Credit Due January 9, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 50,000
Fixed rate	4.15%
FHLB Fixed Rate Credit Due February 9, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 50,000
Fixed rate	4.35%
FHLB Fixed Rate Credit Due February 1, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 80,000
Fixed rate	4.25%
Trust Preferred Securities Due January 23, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 20,620	$ 20,620
Weighted average interest rate	7.12%	2.91%
Trust Preferred Securities Due January 23, 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.70%	2.70%
Trust Preferred Securities Due June 15, 2036
Debt Instrument [Line Items]
Total borrowings, gross	$ 25,774	$ 25,774
Weighted average interest rate	6.16%	1.61%
Trust Preferred Securities Due June 15, 2036 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.39%	1.39%
Trust Preferred Securities Due January 7, 2035
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310	$ 10,310
Weighted average interest rate	6.08%	2.24%
Basis spread on variable rate (as a percent)	2%
Trust Preferred Securities Due January 7, 2035 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2%
Trust Preferred Securities Due September 20, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 12,372	$ 12,372
Weighted average interest rate	6.90%	2.27%
Trust Preferred Securities Due September 20, 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.15%	2.15%

Borrowings and Borrowings Ava_4

Borrowings and Borrowings Availability - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Short-term borrowings	$ 220,000,000	$ 0
Borrowings	290,918,000	71,050,000
Trust Preferred Securities due January 2034
Debt Instrument [Line Items]
Borrowings	$ 20,600,000
Trust Preferred Securities due January 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.70%
First Bancorp Capital Trust III
Debt Instrument [Line Items]
Borrowings	$ 10,300,000
Trust Preferred Securities due June 2036
Debt Instrument [Line Items]
Borrowings	$ 25,800,000
Trust Preferred Securities due June 2036 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.39%
Trust Preferred Securities due January 2035
Debt Instrument [Line Items]
Borrowings	$ 10,300,000
Trust Preferred Securities due January 2035 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2%
Trust Preferred Securities Due September 20, 2034
Debt Instrument [Line Items]
Borrowings	$ 12,372,000	$ 12,372,000
Trust Preferred Securities Due September 20, 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.15%	2.15%
FHLB Line of Credit
Debt Instrument [Line Items]
Line of credit, borrowing capacity	$ 847,100,000
Line of credit, outstanding	221,800,000	$ 2,000,000
Federal Funds Line of Credit
Debt Instrument [Line Items]
Line of credit, borrowing capacity	265,000,000
Line of credit, outstanding	0	0
FRB Line of Credit
Debt Instrument [Line Items]
Line of credit, outstanding	0	$ 0
Unused portion	$ 165,400,000

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) branchOffice	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	19 years 7 months 6 days
Weighted average discount rate (as a percent)	2.97%
Operating right-of-use lease assets	$ 18,733	$ 20,719
Lease liabilities	19,391	21,192
Total operating lease expense	$ 2,900	$ 2,600	$ 2,900
Minimum
Lessee, Lease, Description [Line Items]
Option extension period	5 years
Maximum
Lessee, Lease, Description [Line Items]
Option extension period	10 years
Land and Building
Lessee, Lease, Description [Line Items]
Number of branch locations | branchOffice	16
Land
Lessee, Lease, Description [Line Items]
Number of branch locations | branchOffice	9

Leases - Schedule of Estimated

Leases - Schedule of Estimated Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 2,360
2024	2,163
2025	1,706
2026	1,685
2027	1,547
Thereafter	18,441
Total undiscounted lease payments	27,902
Less effect of discounting	(8,511)
Present value of estimated lease payments (lease liability)	$ 19,391	$ 21,192

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) calendar_year	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution percentage	100%
Employer matching contribution, percent of employees' gross pay	6%
Amortization of unrecognized net actuarial loss	$ 288	$ (592)	$ (686)
401(k) Plan
Defined Benefit Plan Disclosure [Line Items]
Deferral rate	6%
Percent of annual salary employees may contribute	15%
Matching contributions	$ 4,900	4,300	$ 4,300
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Final Average Annual Compensation (five highest consecutive calendar year's earnings out of the last ten years of employment)	0.75%
Number of highest consecutive calendar years of earnings | calendar_year	5
Percentage of Final Average Annual Compensation in excess of average social security wage base	0.65%
Years of service used for Final Average Annual Compensation in excess of average social security wage base calculation	35 years
Vesting period	5 years
Assets for plan benefits, defined benefit plan	$ 3,000	3,200
Amortization of unrecognized net actuarial loss	$ (256)	(577)
SERP
Defined Benefit Plan Disclosure [Line Items]
Number of highest consecutive calendar years of earnings | calendar_year	5
Amortization of unrecognized net actuarial loss	$ 544	(15)
Lifetime monthly pension benefits, percent	3%
Maximum percent of final average compensation	60%
Percent of participant's primary social security benefit	50%
Liability, defined benefit plan	$ 3,500	$ 4,700
Maximum | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Years of service used for Final Average Annual Compensation calculation	40 years
Maximum | SERP
Defined Benefit Plan Disclosure [Line Items]
Maximum years of service	20 years

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Reconciliation of Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in plan assets
Plan assets at beginning of year	$ 44,904
Plan assets at end of year	33,655	$ 44,904
Pension Plan
Change in benefit obligation
Benefit obligation at beginning of year	41,657	44,750	$ 41,592
Service cost	0	0	0
Interest cost	1,043	981	1,223
Actuarial (gain) loss	(10,286)	(2,041)	3,788
Benefits paid	(1,803)	(2,033)	(1,853)
Benefit obligation at end of year	30,611	41,657	44,750
Change in plan assets
Plan assets at beginning of year	44,904	48,167	43,824
Actual return on plan assets	(9,446)	(1,230)	6,196
Employer contributions	0	0	0
Benefits paid	(1,803)	(2,033)	(1,853)
Plan assets at end of year	33,655	44,904	48,167
Funded status at end of year	3,044	3,247	3,417
SERP
Change in benefit obligation
Benefit obligation at beginning of year	4,660	5,982	5,638
Service cost	0	0	0
Interest cost	112	119	158
Actuarial (gain) loss	(1,006)	(1,119)	517
Benefits paid	(245)	(322)	(331)
Benefit obligation at end of year	3,521	4,660	5,982
Change in plan assets
Plan assets at beginning of year	0	0
Plan assets at end of year	0	0	0
Funded status at end of year	$ (3,521)	$ (4,660)	$ (5,982)

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Amounts Recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain	$ (1,497)	$ (1,441)
Prior service cost	0	0
Amount recognized in AOCI before tax effect	(1,497)	(1,441)
Tax expense	344	331
Net amount recognized as (decrease) increase to AOCI	(1,153)	(1,110)	$ (1,364)
SERP
Defined Benefit Plan Disclosure [Line Items]
Net gain	1,551	1,088
Prior service cost	0	0
Amount recognized in AOCI before tax effect	1,551	1,088
Tax expense	(356)	(250)
Net amount recognized as (decrease) increase to AOCI	$ 1,195	$ 838	$ (35)

Employee Benefit Plans - Sche_3

Employee Benefit Plans - Schedule of Reconciliation of Balances in AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net gain arising during period	$ 695	$ 872	$ 589
Amortization of unrecognized actuarial gain (loss)	(288)	592	686
Pension Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) at beginning of fiscal year	(1,110)	(1,364)
Net gain arising during period	(312)	(247)
Amortization of unrecognized actuarial gain (loss)	256	577
Tax expense related to changes during the year, net	(13)	76
Accumulated other comprehensive income at end of fiscal year	(1,153)	(1,110)	(1,364)
SERP
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) at beginning of fiscal year	838	(35)
Net gain arising during period	1,007	1,119
Prior service cost	0	0
Amortization of unrecognized actuarial gain (loss)	(544)	15
Amortization of prior service cost and transition obligation	0	0
Tax expense related to changes during the year, net	(106)	(261)
Accumulated other comprehensive income at end of fiscal year	$ 1,195	$ 838	$ (35)

Employee Benefit Plans - Sche_4

Employee Benefit Plans - Schedule of Reconciliation of Prepaid Pension Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Plan
Prepaid Pension Cost [Roll Forward]
Prepaid pension cost (accrued liability) as of beginning of fiscal year	$ 4,689	$ 5,188
Net periodic pension cost for fiscal year	(147)	(499)	$ (766)
Actual employer contributions	0	0	0
Benefits paid	1,803	2,033	1,853
Prepaid pension cost (accrued liability) as of end of fiscal year	4,542	4,689	5,188
SERP
Prepaid Pension Cost [Roll Forward]
Prepaid pension cost (accrued liability) as of beginning of fiscal year	(5,748)	(5,936)
Net periodic pension cost for fiscal year	432	(134)	(1)
Benefits paid	245	322	331
Prepaid pension cost (accrued liability) as of end of fiscal year	$ (5,071)	$ (5,748)	$ (5,936)

Employee Benefit Plans - Sche_5

Employee Benefit Plans - Schedule of Net Pension Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period	$ 0	$ 0	$ 0
Interest cost on projected benefit obligation	1,043	981	1,223
Expected return on plan assets	(1,152)	(1,059)	(1,300)
Net amortization and deferral	256	577	843
Net periodic pension cost	147	499	766
SERP
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period	0	0	0
Interest cost on projected benefit obligation	112	119	158
Net amortization and deferral	(544)	15	(157)
Net periodic pension cost	$ (432)	$ 134	$ 1

Employee Benefit Plans - Sche_6

Employee Benefit Plans - Schedule of Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
2023	$ 1,932
2024	1,973
2025	2,035
2026	2,069
2027	2,109
2028-2032	10,728
SERP
Defined Benefit Plan Disclosure [Line Items]
2023	240
2024	237
2025	275
2026	277
2027	295
2028-2032	$ 1,345

Employee Benefit Plans - Sche_7

Employee Benefit Plans - Schedule of Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 33,655	$ 44,904
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	33,655	44,904
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	194	267
Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and cash equivalents | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	194	267
Cash and cash equivalents | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed income investment funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	33,461	44,637
Fixed income investment funds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed income investment funds | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	33,461	44,637
Fixed income investment funds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

Employee Benefit Plans - Sche_8

Employee Benefit Plans - Schedule of Assumptions Used in Determining Actuarial Information (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate used to determine net periodic pension cost	2.62%	2.24%	3.03%
Discount rate used to calculate end of year liability disclosures	4.94%	2.62%	2.24%
Expected long-term rate of return on assets	2.62%	2.24%	3.03%
SERP
Defined Benefit Plan Disclosure [Line Items]
Discount rate used to determine net periodic pension cost	2.48%	2.04%	2.89%
Discount rate used to calculate end of year liability disclosures	4.90%	2.48%	2.04%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Outstanding Loan Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Loan commitments	$ 892,557	$ 620,279
Unused lines of credit	1,467,819	1,450,496
Total	2,360,376	2,070,775
Fixed Rate
Loss Contingencies [Line Items]
Loan commitments	681,486	389,758
Unused lines of credit	273,244	273,693
Total	954,730	663,451
Variable Rate
Loss Contingencies [Line Items]
Loan commitments	211,071	230,521
Unused lines of credit	1,194,575	1,176,803
Total	$ 1,405,646	$ 1,407,324

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Bank standby letters of credit	$ 20.2	$ 21.3
Letters of credit outstanding, amount	0	$ 0
Remaining funding commitments	$ 28.6

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial instruments Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 2,314,493	$ 2,630,414
Individually evaluated loans			$ 36,281
Foreclosed properties	658	3,071
US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	168,758
Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	57,456	69,179
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,045,000	2,514,805
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Presold mortgages in process of settlement	1,282	19,257
Individually evaluated loans	0
Foreclosed properties	0	0
Impaired loans		0
Significant Other Observable Inputs (Level 2) | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,314,493	2,630,414
Significant Other Observable Inputs (Level 2) | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	168,758
Significant Other Observable Inputs (Level 2) | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	57,456	69,179
Significant Other Observable Inputs (Level 2) | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,045,000	2,514,805
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	43,279	46,430
Significant Other Observable Inputs (Level 2) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Presold mortgages in process of settlement	0	0
Individually evaluated loans	0
Foreclosed properties	0	0
Impaired loans		0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed properties	38	364
Significant Unobservable Inputs (Level 3) | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Significant Unobservable Inputs (Level 3) | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Unobservable Inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Presold mortgages in process of settlement	0	0
Individually evaluated loans	9,590
Foreclosed properties	38	364
Impaired loans		11,583
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,314,493	2,630,414
Fair Value | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	168,758
Fair Value | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	57,456	69,179
Fair Value | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,045,000	2,514,805
Fair Value | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	43,279	46,430
Fair Value | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Presold mortgages in process of settlement	1,282	19,257
Individually evaluated loans	9,590
Foreclosed properties	$ 38	364
Impaired loans		$ 11,583

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Level 3 Assets and Liabilities Measured at Fair Value (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans			$ 36,281
Foreclosed properties	$ 658	$ 3,071
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed properties	38	364
Significant Unobservable Inputs (Level 3) | Financing Receivable, Collateral Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans	5,680
Impaired loans		7,326
Significant Unobservable Inputs (Level 3) | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans	$ 3,909
Impaired loans		$ 4,257
Significant Unobservable Inputs (Level 3) | Appraised value | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate, measurement input (as a percent)	10	10
Significant Unobservable Inputs (Level 3) | Appraised value | Discount rate | Financing Receivable, Collateral Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans, measurement input (as a percent)	0.10	0.10
Significant Unobservable Inputs (Level 3) | PV of expected cash flows | Discount rate | Minimum | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans, measurement input (as a percent)	0.111
Impaired loans, measurement input (as a percent)		0.04
Significant Unobservable Inputs (Level 3) | PV of expected cash flows | Discount rate | Maximum | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans, measurement input (as a percent)	0.055
Impaired loans, measurement input (as a percent)		0.11
Significant Unobservable Inputs (Level 3) | PV of expected cash flows | Discount rate | Weighted Average | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans, measurement input (as a percent)	0.0676
Impaired loans, measurement input (as a percent)		0.0622

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	$ 101,133	$ 128,228
Securities held to maturity	541,700	513,825
Total loans, net of allowance	6,574,178	6,002,926
Accrued interest receivable	29,710	25,896
Bank-owned life insurance	164,592	165,786
SBA servicing asset	392,400	414,200
Accrued interest payable	2,738	607
Carrying Amount | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	101,133	128,228
Due from banks, interest-bearing	169,185	332,934
Accrued interest receivable	29,710	25,896
Bank-owned life insurance	164,592	165,786
Carrying Amount | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities held to maturity	541,700	513,825
SBA and other loans held for sale	0	61,003
Deposits	9,227,529	9,124,629
Borrowings	287,507	67,386
Accrued interest payable	2,738	607
Carrying Amount | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, net of allowance	6,574,178	6,002,926
SBA servicing asset	4,004	5,472
Estimated Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	101,133	128,228
Due from banks, interest-bearing	169,185	332,934
Accrued interest receivable	29,710	25,896
Bank-owned life insurance	164,592	165,786
Estimated Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities held to maturity	432,528	511,699
SBA and other loans held for sale	0	62,004
Deposits	9,218,945	9,124,701
Borrowings	277,146	61,295
Accrued interest payable	2,738	607
Estimated Fair Value | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, net of allowance	6,240,870	5,990,235
SBA servicing asset	$ 4,721	$ 5,546

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Jun. 01, 2022 USD ($) $ / shares shares	Jun. 01, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) director $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 3,000	$ 2,300	$ 2,500
Income tax benefits related to stock-based compensation expense			$ 700	$ 500	$ 600
Non-Employee Director Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of directors | director			12
Director equity grants granted, value			$ 32
Granted during the period (in shares) | shares	10,344	7,050
Granted during the period, per director (in shares) | shares	862	705
Granted during the period (in usd per share) | $ / shares	$ 37.12	$ 45.41
Director equity grants. expense	$ 384	$ 320
Long-Term Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during the period (in shares) | shares			95,960	104,414	68,704
Granted during the period (in usd per share) | $ / shares			$ 38.09	$ 40.56	$ 26.96
Unrecognized compensation expense			$ 4,700
Unrecognized compensation expense, period for recognition			2 years 1 month 6 days
Long-Term Restricted Stock | Next Twelve Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense			$ 2,500
First Bancorp 2014 Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares remaining available for grant (in shares) | shares			348,087

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Outstanding Restricted Stock (Details) - Long-Term Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Units
Nonvested, beginning (in shares)	206,331	172,105	159,366
Granted during the period (in shares)	95,960	104,414	68,704
Vested during the period (in shares)	(70,110)	(63,369)	(55,965)
Forfeited or expired during the period (in shares)	(9,169)	(6,819)
Nonvested, ending (in shares)	223,012	206,331	172,105
Weighted-Average Grant-Date Fair Value
Nonvested, beginning (in usd per share)	$ 35.25	$ 33.80	$ 36.79
Granted during the period (in usd per share)	38.09	40.56	26.96
Vested during the period (in usd per share)	36.69	39.82	33.91
Forfeited or expired during the period (in usd per share)	32.62	37.32
Nonvested, ending (in usd per share)	$ 36.14	$ 35.25	$ 33.80

Regulatory Restrictions - Narra

Regulatory Restrictions - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)
Regulatory Restrictions [Abstract]
Restricted investment in bank	$ 830.8
Average reserve balance	$ 0

Regulatory Restrictions - Sched

Regulatory Restrictions - Schedule of Capital Ratios (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Company
Amount
Common equity tier 1 capital ratio, actual	$ 1,010,369	$ 888,936
Common equity tier 1 capital ratio, fully phased-in regulatory guidelines minimum	543,403	496,635
Total capital ratio, actual	1,171,084	1,040,964
Total capital ratio, fully phased-in regulatory guidelines minimum	815,104	744,953
Tier 1 capital ratio, actual	1,073,958	952,272
Tier 1 capital ratio, fully phased-in regulatory guidelines minimum	659,846	603,057
Leverage ratio, actual	1,073,958	952,272
Leverage ratio, fully phased-in regulatory guidelines minimum	$ 408,623	$ 405,790
Ratio
Common Equity Tier 1 Capital Ratio, Actual (as a percent)	0.1302	0.1253
Common Equity Tier 1 Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	7%	7%
Total Capital Ratio, Actual (as a percent)	0.1509	0.1467
Total Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.1050	0.1050
Tier 1 Capital Ratio, Actual (as a percent)	0.1383	0.1342
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets (as a percent)	0.0850	0.0850
Leverage Ratio, Actual (as a percent)	0.1051	0.0939
Leverage Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.0400	0.0400
Bank
Amount
Common equity tier 1 capital ratio, actual	$ 1,077,526	$ 934,687,000
Common equity tier 1 capital ratio, fully phased-in regulatory guidelines minimum	543,301	496,285
Common equity tier 1 capital ratio, to be well capitalized under current prompt corrective action provisions	504,494	460,836
Total capital ratio, actual	1,174,634	1,023,354
Total capital ratio, fully phased-in regulatory guidelines minimum	814,951	744,427
Total capital ratio, to be well capitalized under current prompt corrective action provisions	776,144	708,979
Tier 1 capital ratio, actual	1,077,526	934,687
Tier 1 capital ratio, fully phased-in regulatory guidelines minimum	659,723	602,632
Tier one risk based capital required for capital adequacy with buffer, value	620,915	567,183
Leverage ratio, actual	1,077,526	934,687
Leverage ratio, fully phased-in regulatory guidelines minimum	408,569	405,652
Leverage ratio, to be well capitalized under current prompt corrective action provisions	$ 510,712	$ 507,065
Ratio
Common Equity Tier 1 Capital Ratio, Actual (as a percent)	0.1388	0.1318
Common Equity Tier 1 Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	7%	7%
Common Equity Tier 1 Capital Ratio, To Be Well Capitalized Under Current Prompt Corrective Action Provisions (as a percent)	6.50%	6.50%
Total Capital Ratio, Actual (as a percent)	0.1513	0.1443
Total Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.1050	0.1050
Total Capital Ratio, To Be Well Capitalized Under Current Prompt Corrective Action Provisions (as a percent)	0.1000	0.1000
Tier 1 Capital Ratio, Actual (as a percent)	0.1388	0.1318
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets (as a percent)	0.0850	0.0850
Tier One Risk Based Capital Required For Capital Adequacy With Buffer To Risk Weighted Assets	0.0800	0.0800
Leverage Ratio, Actual (as a percent)	0.1055	0.0922
Leverage Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.0400	0.0400
Leverage Ratio, To Be Well Capitalized Under Current Prompt Corrective Action Provisions (as a percent)	0.0500	0.0500

Supplementary Income Statemen_3

Supplementary Income Statement Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Income and Expenses [Abstract]
Noninterest income and expense exceeding one percent of total revenue, value	$ 4,100
Other service charges, commissions, and fees – interchange fees, net	14,996	$ 17,323	$ 13,101
Other operating expenses – software costs	6,064	5,315	5,149
Other operating expenses – data processing expense	7,535	5,959	4,743
Other operating expenses – credit card rewards expense	$ 547	$ 3,431	$ 2,391

Condensed Parent Company Info_3

Condensed Parent Company Information - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Premises and equipment	$ 134,187	$ 136,092
Other assets	198,260	86,660
Total assets	10,625,049	10,508,901
Liabilities and shareholders' equity
Other liabilities	56,288	64,512
Total liabilities	9,593,453	9,278,326
Shareholders’ equity	1,031,596	1,230,575	$ 893,421	$ 852,401
Total liabilities and shareholders’ equity	10,625,049	10,508,901
Parent Company
Assets
Cash on deposit with bank subsidiary	5,611	18,625
Investment in wholly-owned subsidiaries, at equity	1,100,829	1,279,285
Premises and equipment	7	7
Other assets	22	5,056
Total assets	1,106,469	1,302,973
Liabilities and shareholders' equity
Trust preferred securities	65,665	65,412
Other liabilities	9,208	6,986
Total liabilities	74,873	72,398
Shareholders’ equity	1,031,596	1,230,575
Total liabilities and shareholders’ equity	$ 1,106,469	$ 1,302,973

Condensed Parent Company Info_4

Condensed Parent Company Information - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Financial Statements, Captions [Line Items]
Interest expense	$ (16,103)	$ (9,523)	$ (19,562)
Net income	146,936	95,644	81,477
Parent Company
Condensed Financial Statements, Captions [Line Items]
Dividends from wholly-owned subsidiaries	17,400	25,300	63,100
Earnings of wholly-owned subsidiaries, net of dividends	133,147	75,697	20,899
Interest expense	(2,672)	(1,455)	(1,743)
All other expense, net	(939)	(3,898)	(779)
Net income	$ 146,936	$ 95,644	$ 81,477

Condensed Parent Company Info_5

Condensed Parent Company Information - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Activities:
Net income	$ 146,936	$ 95,644	$ 81,477
Decrease in other assets	11,352	17,412	267
(Decrease) increase in other liabilities	(8,009)	394	9,805
Net cash provided by operating activities	230,654	142,335	58,333
Investing Activities:
Net cash received in acquisitions	0	208,992	(9,559)
Net cash used by investing activities	(713,359)	(1,273,877)	(961,539)
Financing Activities:
Repurchases of common stock	0	(4,036)	(31,868)
Stock withheld for payment of taxes	(840)	(786)	(307)
Net cash provided by financing activities	291,861	1,225,414	1,039,194
(Decrease) increase in Cash and Cash Equivalents	(190,844)	93,872	135,988
Cash and Cash Equivalents, Beginning of Year	461,162	367,290	231,302
Cash and Cash Equivalents, End of Year	270,318	461,162	367,290
Parent Company
Operating Activities:
Net income	146,936	95,644	81,477
Equity in undistributed earnings of subsidiaries	(133,147)	(75,697)	(20,899)
Decrease in other assets	4,055	3,924	5,806
(Decrease) increase in other liabilities	642	(859)	(3)
Net cash provided by operating activities	18,486	23,012	66,381
Investing Activities:
Net cash received in acquisitions	0	7,379	0
Net cash used by investing activities	0	7,379	0
Financing Activities:
Payment of common stock cash dividends	(30,660)	(22,228)	(20,936)
Repurchases of common stock	0	(4,036)	(31,868)
Stock withheld for payment of taxes	(840)	(786)	(307)
Net cash provided by financing activities	(31,500)	(27,050)	(53,111)
(Decrease) increase in Cash and Cash Equivalents	(13,014)	3,341	13,270
Cash and Cash Equivalents, Beginning of Year	18,625	15,284	2,014
Cash and Cash Equivalents, End of Year	$ 5,611	$ 18,625	$ 15,284

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($)	12 Months Ended		69 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Oct. 15, 2021	Nov. 30, 2020	Mar. 31, 2017
Subsidiary, Sale of Stock [Line Items]
Deferred compensation paid to participants			$ 6,100,000
Authorized repurchase amount	$ 40,000,000		40,000,000		$ 20,000,000
Number of shares repurchased (in shares)	0	106,744
Average price (in dollars per share)		$ 37.81
Value of repurchased shares		$ 4,000,000
Carolina Bank
Subsidiary, Sale of Stock [Line Items]
Deferred compensation plan	$ 1,600,000	$ 1,800,000	$ 1,600,000			$ 7,700,000
Select
Subsidiary, Sale of Stock [Line Items]
Deferred compensation, value of stock				$ 5,100,000

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Numerators and Denominators (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic EPS:
Net income	$ 146,936	$ 95,644	$ 81,477
Less: income allocated to participating securities	(779)	(483)	(398)
Basic EPS per common share	$ 146,157	$ 95,161	$ 81,079
Basic (in shares)	35,485,620	29,876,151	28,839,866
Basic (in usd per share)	$ 4.12	$ 3.19	$ 2.81
Diluted EPS:
Net income	$ 146,936	$ 95,644	$ 81,477
Basic (in shares)	35,485,620	29,876,151	28,839,866
Effect of Dilutive Securities	$ 0	$ 0	$ 0
Effect of Dilutive Securities (in shares)	189,110	151,634	141,701
Diluted EPS per common share	$ 146,936	$ 95,644	$ 81,477
Diluted (in shares)	35,674,730	30,027,785	28,981,567
Diluted (in usd per share)	$ 4.12	$ 3.19	$ 2.81

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Number of anti-dilutive securities (in shares)	0	0	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income - Schedule of Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	$ (341,975)	$ (24,970)
Unrealized Gain (Loss) on Securities Available for Sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	(444,063)	(32,067)	$ 20,448
Deferred tax asset (liability)	102,046	7,369	(4,699)
Total accumulated other comprehensive income (loss)	(342,017)	(24,698)	15,749
Postretirement Plans (Liability) Asset
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	54	(353)	(1,817)
Deferred tax asset (liability)	(12)	81	418
Total accumulated other comprehensive income (loss)	42	(272)	(1,399)
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	$ (341,975)	$ (24,970)	$ 14,350

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive (Loss) Income - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,230,575	$ 893,421	$ 852,401
Other comprehensive (loss) income before reclassifications	(316,783)	(40,729)	14,879
Amounts reclassified from accumulated other comprehensive income	(222)	1,409	(5,652)
Net current-period other comprehensive income (loss)	(317,005)	(39,320)	9,227
Ending balance	1,031,596	1,230,575	893,421
Unrealized Gain (Loss) on Securities Available for Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(24,698)	15,749	7,504
Other comprehensive (loss) income before reclassifications	(317,319)	(41,400)	14,425
Amounts reclassified from accumulated other comprehensive income	0	953	(6,180)
Net current-period other comprehensive income (loss)	(317,319)	(40,447)	8,245
Ending balance	(342,017)	(24,698)	15,749
Postretirement Plans (Liability) Asset
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(272)	(1,399)	(2,381)
Other comprehensive (loss) income before reclassifications	536	671	454
Amounts reclassified from accumulated other comprehensive income	(222)	456	528
Net current-period other comprehensive income (loss)	314	1,127	982
Ending balance	42	(272)	(1,399)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(24,970)	14,350	5,123
Ending balance	$ (341,975)	$ (24,970)	$ 14,350

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Service charges on deposit accounts	$ 15,523	$ 12,317	$ 11,098
Other service charges, commissions, and fees:
Bankcard Interchange income, net	14,996	17,323	13,101
Other service charges and fees	5,683	4,352	3,905
Commissions from sales of insurance and financial products:
Insurance income	0	2,725	5,353
Wealth management income	5,195	4,160	3,495
SBA consulting fees	2,608	7,231	8,644
Noninterest income (in-scope of ASC 606)	44,005	48,108	45,596
Noninterest income (out-of-scope of ASC 606)	23,980	25,503	35,750
Total noninterest income	$ 67,985	$ 73,611	$ 81,346