Allegiance Bancshares, Inc. reported net charge-offs for the fourth quarter of 2020. The level of net charge-offs was elevated during the quarter at $4.3 million or an annualized rate of 37 basis points. Nonaccrual loans decreased a net of $9 million during the quarter from $37.9 to $28.9 million, primarily due to the $8.2 million in nonaccrual loans sold during the quarter, $3.8 million in charge-offs, of which $2.1 million is associated with the loan sale, $1.4 million in payments and payoffs and $321,000 that was moved to ORE.