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Allowance for Credit Losses and Unfunded Commitments and Letters of Credit (Tables)

12 Months Ended

Dec. 31, 2020

Allowance For Credit Losses And Unfunded Loan Commitments And Letters Of Credit

Allowance for Credit Losses on Financing Receivables

The following tables show a detailed analysis of the ACL for the years ended December 31, 2020, 2019 and 2018:

						Beginning Balance						Impact of Adopting ASC 326						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Year Ended December 31, 2020						(in thousands)
Commercial loans:
Commercial real estate						$	20,340					$	7,533					$	(1,419)					$	131					$	42,349					$	68,934
Commercial business						30,292						762						(12,396)						3,438						23,154						45,250
Agriculture						15,835						(9,325)						(6,427)						172						8,797						9,052
Construction						8,571						(1,750)						—						709						106						7,636
Consumer loans:
One-to-four family residential real estate						7,435						4,237						(84)						2,083						3,204						16,875
Other consumer						883						778						(766)						399						99						1,393
Unallocated						612						(603)						—						—						(9)						—
Total						$	83,968					$	1,632					$	(21,092)					$	6,932					$	77,700					$	149,140

															Beginning Balance						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Year Ended December 31, 2019															(in thousands)
Commercial loans:
Commercial real estate															$	14,864					$	(2,160)					$	3,377					$	4,259					$	20,340
Commercial business															34,658						(11,290)						3,066						3,858						30,292
Agriculture															9,589						(245)						299						6,192						15,835
Construction															14,395						(242)						3,641						(9,223)						8,571
Consumer loans:
One-to-four family residential real estate															8,024						(1,196)						1,773						(1,166)						7,435
Other consumer															786						(82)						165						14						883
Unallocated															1,053						—						—						(441)						612
Total															$	83,369					$	(15,215)					$	12,321					$	3,493					$	83,968

															Beginning Balance						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Year Ended December 31, 2018															(in thousands)
Commercial loans:
Commercial real estate															$	16,260					$	(3,840)					$	3,186					$	(742)					$	14,864
Commercial business															25,101						(7,437)						2,829						14,165						34,658
Agriculture															9,662						(5,507)						1,104						4,330						9,589
Construction															15,092						(124)						1,686						(2,259)						14,395
Consumer loans:
One-to-four family residential real estate															8,904						(1,451)						2,516						(1,945)						8,024
Other consumer															627						(196)						188						167						786
Unallocated															—						—						—						1,053						1,053
Total															$	75,646					$	(18,555)					$	11,509					$	14,769					$	83,369

Changes in the Allowance for Unfunded Commitments and Letters of Credit

Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows:

						Years Ended December 31,
						2020						2019						2018
						(in thousands)
Beginning balance						$	3,430					$	4,330					$	3,130
Impact of Adopting ASC 326						1,570						—						—
Net changes in the allowance for unfunded commitments and letters of credit						3,300						(900)						1,200
Ending balance						$	8,300					$	3,430					$	4,330

Financing Receivable Credit Quality Indicators

The following is an analysis of the credit quality of our loan portfolio as of December 31, 2020 and 2019:

																																										Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans Amortized Cost Basis
						Term Loans
						Amortized Cost Basis by Origination Year
						2020						2019						2018						2017						2016						Prior																		Total (1)
December 31, 2020						(in thousands)
Commercial loans:
Commercial real estate
Pass						$	674,444					$	645,328					$	478,881					$	502,112					$	408,972					$	946,980					$	52,049					$	11,332					$	3,720,098
Special mention						3,348						39,374						21,285						30,232						46,197						50,115						5						2,139						192,695
Substandard						2,916						24,860						13,571						15,652						43,735						41,138						3,389						4,259						149,520
Total commercial real estate						$	680,708					$	709,562					$	513,737					$	547,996					$	498,904					$	1,038,233					$	55,443					$	17,730					$	4,062,313
Commercial business
Pass						$	1,087,400					$	366,435					$	324,360					$	199,010					$	218,313					$	214,677					$	1,000,725					$	11,540					$	3,422,460
Special mention						3,002						26,361						8,471						24,582						7,004						10,650						22,426						—						102,496
Substandard						3,625						7,376						11,061						5,905						6,396						3,743						32,134						2,772						73,012
Total commercial business						$	1,094,027					$	400,172					$	343,892					$	229,497					$	231,713					$	229,070					$	1,055,285					$	14,312					$	3,597,968
Agriculture
Pass						$	142,163					$	90,612					$	44,434					$	58,366					$	58,893					$	59,396					$	244,135					$	9,299					$	707,298
Special mention						—						90						285						33						—						—						85						13						506
Substandard						5,193						12,480						5,868						4,258						284						3,502						38,780						1,458						71,823
Total agriculture						$	147,356					$	103,182					$	50,587					$	62,657					$	59,177					$	62,898					$	283,000					$	10,770					$	779,627
Construction
Pass						$	134,693					$	66,974					$	10,066					$	3,498					$	763					$	1,805					$	29,323					$	3,753					$	250,875
Special mention						—						—						—						—						—						—						—						—						—
Substandard						—						17,732						—						—						—						56						—						—						17,788
Total construction						$	134,693					$	84,706					$	10,066					$	3,498					$	763					$	1,861					$	29,323					$	3,753					$	268,663
Consumer loans:
One-to-four family residential real estate
Pass						$	161,021					$	77,756					$	62,696					$	29,737					$	20,889					$	78,098					$	243,325					$	3,655					$	677,177
Special mention						—						—						332						—						—						195						—						—						527
Substandard						—						849						227						1,166						344						1,968						1,005						307						5,866
Total one-to-four family residential real estate						$	161,021					$	78,605					$	63,255					$	30,903					$	21,233					$	80,261					$	244,330					$	3,962					$	683,570
Other consumer
Pass						$	5,548					$	3,109					$	3,886					$	989					$	244					$	1,060					$	19,911					$	474					$	35,221
Special mention						—						—						—						—						—						—						—						—						—
Substandard						30						—						—						5						—						170						53						40						298
Total consumer						$	5,578					$	3,109					$	3,886					$	994					$	244					$	1,230					$	19,964					$	514					$	35,519
Total						$	2,223,383					$	1,379,336					$	985,423					$	875,545					$	812,034					$	1,413,553					$	1,687,345					$	51,041					$	9,427,660
Less:
Allowance for credit losses																																																						149,140
Loans, net																																																						$	9,278,520

_________

(1) Loans that are on short-term deferments are treated as Pass loans and will not be reported as past due provided that they are performing in accordance with the modified terms.

																																										Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans Amortized Cost Basis
						Term Loans
						Amortized Cost Basis by Origination Year
						2019						2018						2017						2016						2015						Prior																		Total
December 31, 2019						(in thousands)
Commercial loans:
Commercial real estate
Pass						$	699,336					$	562,992					$	621,113					$	565,928					$	441,220					$	873,687					$	52,276					$	19,986					$	3,836,538
Special mention						1,824						305						7,019						3,360						—						3,426						—						—						15,934
Substandard						47						10,698						9,320						36,229						20,278						11,738						—						5,071						93,381
Total commercial real estate						$	701,207					$	573,995					$	637,452					$	605,517					$	461,498					$	888,851					$	52,276					$	25,057					$	3,945,853
Commercial business
Pass						$	479,481					$	442,222					$	330,934					$	301,337					$	157,436					$	199,089					$	963,663					$	25,577					$	2,899,739
Special mention						2,241						6,673						56						2,006						52						585						12,710						—						24,323
Substandard						85						17,240						3,458						9,534						3,227						3,972						26,639						1,396						65,551
Total commercial business						$	481,807					$	466,135					$	334,448					$	312,877					$	160,715					$	203,646					$	1,003,012					$	26,973					$	2,989,613
Agriculture
Pass						$	107,152					$	54,950					$	70,337					$	71,874					$	33,597					$	56,342					$	280,984					$	10,036					$	685,272
Special mention						557						2,535						1,381						—						64						576						5,336						—						10,449
Substandard						7,291						6,047						6,173						5,907						1,477						5,698						30,669						6,388						69,650
Total agriculture						$	115,000					$	63,532					$	77,891					$	77,781					$	35,138					$	62,616					$	316,989					$	16,424					$	765,371
Construction
Pass						$	183,525					$	91,342					$	40,514					$	1,067					$	939					$	1,601					$	33,388					$	7,793					$	360,169
Special mention						—						1,264						—						—						—						—						41						—						1,305
Substandard						—						—						—						—						—						59						—						—						59
Total construction						$	183,525					$	92,606					$	40,514					$	1,067					$	939					$	1,660					$	33,429					$	7,793					$	361,533
Consumer loans:
One-to-four family residential real estate
Pass						$	103,315					$	77,877					$	32,440					$	25,052					$	27,294					$	80,370					$	283,830					$	554					$	630,732
Substandard						—						228						800						400						623						3,156						905						481						6,593
Total one-to-four family residential real estate						$	103,315					$	78,105					$	33,240					$	25,452					$	27,917					$	83,526					$	284,735					$	1,035					$	637,325
Other consumer
Pass						$	9,276					$	5,713					$	1,974					$	758					$	848					$	1,306					$	23,351					$	508					$	43,734
Substandard						—						—						1						—						—						8						27						—						36
Total consumer						$	9,276					$	5,713					$	1,975					$	758					$	848					$	1,314					$	23,378					$	508					$	43,770
Total						$	1,594,130					$	1,280,086					$	1,125,520					$	1,023,452					$	687,055					$	1,241,613					$	1,713,819					$	77,790					$	8,743,465
Less:
Allowance for credit losses																																																						83,968
Loans, net																																																						$	8,659,497

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- Definition

Allowance For Credit Losses And Unfunded Loan Commitments And Letters Of Credit [Abstract]

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No definition available.

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Changes In The Allowance For Unfunded Loan Commitments And Letters Of Credit [Text Block]

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

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