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

6 Months Ended

Jun. 30, 2022

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for Credit Losses on Financing Receivables

The following tables show a detailed analysis of the ACL for the periods indicated:

						Beginning Balance						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Three Months Ended June 30, 2022						(in thousands)
Commercial loans:
Commercial real estate						$	57,307					$	(299)					$	147					$	(36)					$	57,119
Commercial business						50,474						(92)						797						806						51,985
Agriculture						8,010						(1)						24						862						8,895
Construction						5,399						—						136						379						5,914
Consumer loans:
One-to-four family residential real estate						24,356						(3)						291						(18)						24,626
Other consumer						1,403						(241)						127						107						1,396
Total						$	146,949					$	(636)					$	1,522					$	2,100					$	149,935

						Beginning Balance						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Six Months Ended June 30, 2022
Commercial loans:
Commercial real estate						$	61,254					$	(299)					$	161					$	(3,997)					$	57,119
Commercial business						54,712						(1,724)						1,088						(2,091)						51,985
Agriculture						8,148						(24)						149						622						8,895
Construction						5,397						—						144						373						5,914
Consumer loans:
One-to-four family residential real estate						24,123						(3)						585						(79)						24,626
Other consumer						1,944						(487)						467						(528)						1,396
Total						$	155,578					$	(2,537)					$	2,594					$	(5,700)					$	149,935

						Beginning Balance						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Three Months Ended June 30, 2021						(in thousands)
Commercial loans:
Commercial real estate						$	57,050					$	(316)					$	16					$	(3,500)					$	53,250
Commercial business						58,405						(971)						874						(754)						57,554
Agriculture						9,487						(122)						5						(1,450)						7,920
Construction						6,551						—						521						(513)						6,559
Consumer loans:
One-to-four family residential real estate						15,638						(146)						503						524						16,519
Other consumer						1,163						(385)						215						193						1,186
Total						$	148,294					$	(1,940)					$	2,134					$	(5,500)					$	142,988

						Beginning Balance						Charge-offs						Recoveries						Provision (Recapture)						Ending Balance
Six Months Ended June 30, 2021
Commercial loans:
Commercial real estate						$	68,934					$	(316)					$	52					$	(15,420)					$	53,250
Commercial business						45,250						(4,310)						4,088						12,526						57,554
Agriculture						9,052						(122)						17						(1,027)						7,920
Construction						7,636						—						567						(1,644)						6,559
Consumer loans:
One-to-four family residential real estate						16,875						(146)						554						(764)						16,519
Other consumer						1,393						(512)						276						29						1,186
Total						$	149,140					$	(5,406)					$	5,554					$	(6,300)					$	142,988

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:

						Three Months Ended June 30,												Six Months Ended June 30,
						2022						2021						2022						2021
						(in thousands)
Beginning balance						$	9,000					$	9,800					$	8,500					$	8,300
Net changes in the allowance for unfunded commitments and letters of credit						—						200						500						1,700
Ending balance						$	9,000					$	10,000					$	9,000					$	10,000

Financing Receivable Credit Quality Indicators

The following is an analysis of the credit quality of our loan portfolio as of the periods indicated:

																																										Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans Amortized Cost Basis
						Term Loans
						Amortized Cost Basis by Origination Year
						2022						2021						2020						2019						2018						Prior																		Total
June 30, 2022						(in thousands)
Commercial loans:
Commercial real estate
Pass						$	705,896					$	1,033,579					$	709,061					$	629,353					$	450,830					$	1,490,341					$	54,099					$	6,325					$	5,079,484
Special mention						—						1,882						1,373						30,655						1,424						26,442						—						—						61,776
Substandard						—						2,187						9,460						22,464						4,274						70,421						999						35						109,840
Total commercial real estate						$	705,896					$	1,037,648					$	719,894					$	682,472					$	456,528					$	1,587,204					$	55,098					$	6,360					$	5,251,100
Commercial business
Pass						$	305,290					$	742,045					$	386,970					$	239,935					$	191,713					$	306,756					$	1,313,072					$	5,325					$	3,491,106
Special mention						—						5,434						1,924						6,877						311						205						22,562						206						37,519
Substandard						—						4,253						3,697						18,494						23,571						30,124						37,477						715						118,331
Total commercial business						$	305,290					$	751,732					$	392,591					$	265,306					$	215,595					$	337,085					$	1,373,111					$	6,246					$	3,646,956
Agriculture
Pass						$	63,852					$	134,066					$	77,772					$	75,835					$	24,957					$	108,954					$	325,438					$	666					$	811,540
Special mention						—						152						—						196						—						—						618						—						966
Substandard						—						1,524						6,621						548						1,134						2,753						28,013						—						40,593
Total agriculture						$	63,852					$	135,742					$	84,393					$	76,579					$	26,091					$	111,707					$	354,069					$	666					$	853,099
Construction
Pass						$	106,490					$	246,371					$	40,102					$	14,137					$	2,702					$	4,849					$	64,558					$	—					$	479,209
Special mention						—						761						—						—						453						—						—						—						1,214
Substandard						—						—						—						1,737						—						51						—						—						1,788
Total construction						$	106,490					$	247,132					$	40,102					$	15,874					$	3,155					$	4,900					$	64,558					$	—					$	482,211
Consumer loans:
One-to-four family residential real estate
Pass						$	88,455					$	368,446					$	128,930					$	44,689					$	41,821					$	102,116					$	264,454					$	429					$	1,039,340
Substandard						—						751						77						—						515						1,247						3						257						2,850
Total one-to-four family real estate						$	88,455					$	369,197					$	129,007					$	44,689					$	42,336					$	103,363					$	264,457					$	686					$	1,042,190
Other consumer
Pass						$	3,931					$	3,671					$	1,934					$	1,415					$	1,899					$	10,082					$	23,855					$	5					$	46,792
Substandard						—						25						—						3						—						11						—						—						39
Total consumer						$	3,931					$	3,696					$	1,934					$	1,418					$	1,899					$	10,093					$	23,855					$	5					$	46,831
Total						$	1,273,914					$	2,545,147					$	1,367,921					$	1,086,338					$	745,604					$	2,154,352					$	2,135,148					$	13,963					$	11,322,387
Less:
Allowance for credit losses																																																						149,935
Loans, net																																																						$	11,172,452

																																										Revolving Loans Amortized Cost Basis						Revolving Loans Converted to Term Loans Amortized Cost Basis
						Term Loans
						Amortized Cost Basis by Origination Year
						2021						2020						2019						2018						2017						Prior																		Total
December 31, 2021						(in thousands)
Commercial loans:
Commercial real estate
Pass						$	1,068,493					$	760,545					$	650,593					$	492,348					$	515,233					$	1,180,115					$	74,754					$	3,644					$	4,745,725
Special mention						2,252						—						19,016						6,196						163						27,270						—						2,199						57,096
Substandard						4,119						5,897						45,769						9,112						29,917						82,599						1,029						—						178,442
Total commercial real estate						$	1,074,864					$	766,442					$	715,378					$	507,656					$	545,313					$	1,289,984					$	75,783					$	5,843					$	4,981,263
Commercial business
Pass						$	891,957					$	426,004					$	280,823					$	217,605					$	144,363					$	232,356					$	1,028,616					$	35,411					$	3,257,135
Special mention						621						135						6,097						747						105						51						34,256						236						42,248
Substandard						4,329						4,610						18,393						28,066						20,568						27,462						18,796						1,661						123,885
Total commercial business						$	896,907					$	430,749					$	305,313					$	246,418					$	165,036					$	259,869					$	1,081,668					$	37,308					$	3,423,268
Agriculture
Pass						$	147,561					$	87,964					$	74,658					$	29,739					$	46,058					$	79,693					$	266,573					$	5,448					$	737,694
Special mention						162						—						445						—						—						—						565						—						1,172
Substandard						—						7,717						9,148						1,616						5,532						1,833						29,125						1,878						56,849
Total agriculture						$	147,723					$	95,681					$	84,251					$	31,355					$	51,590					$	81,526					$	296,263					$	7,326					$	795,715
Construction
Pass						$	228,661					$	53,880					$	35,795					$	3,183					$	3,285					$	2,189					$	55,765					$	—					$	382,758
Substandard						—						—						1,748						—						—						249						—						—						1,997
Total construction						$	228,661					$	53,880					$	37,543					$	3,183					$	3,285					$	2,438					$	55,765					$	—					$	384,755
Consumer loans:
One-to-four family real estate
Pass						$	390,153					$	140,799					$	56,520					$	51,549					$	32,447					$	111,307					$	222,747					$	1,347					$	1,006,869
Substandard						85						470						183						562						234						4,736						485						284						7,039
Total one-to-four family real estate						$	390,238					$	141,269					$	56,703					$	52,111					$	32,681					$	116,043					$	223,232					$	1,631					$	1,013,908
Other consumer
Pass						$	7,045					$	2,711					$	1,950					$	13,489					$	560					$	1,277					$	15,853					$	97					$	42,982
Substandard						—						—						—						—						1						13						23						9						46
Total consumer						$	7,045					$	2,711					$	1,950					$	13,489					$	561					$	1,290					$	15,876					$	106					$	43,028
Total						$	2,745,438					$	1,490,732					$	1,201,138					$	854,212					$	798,466					$	1,751,150					$	1,748,587					$	52,214					$	10,641,937
Less:
Allowance for credit losses																																																						155,578
Loans, net																																																						$	10,486,359

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- Definition

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

+ References

No definition available.

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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 https://asc.fasb.org/extlink&oid=123577603&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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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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 https://asc.fasb.org/extlink&oid=124255953&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 https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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