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Allowance for Credit Losses, Credit Quality and Other (Tables)
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Balance of Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for the three months ended March 31, 2024:
Three Months Ended March 31, 2024
Construction/
Land
Development 		Other
Commercial
Real Estate 		Residential
Real Estate 		Commercial
& Industrial 		Consumer
& Other 		Total
(In thousands)
Allowance for credit losses:
Beginning balance$33,877 $78,635 $55,860 $92,810 $27,052 $288,234 
Loans charged off(1)(1,102)(159)(1,746)(970)(3,978)
Recoveries of loans previously charged off
7 20 19 101 391 538 
Net loans recovered (charged off)
6 (1,082)(140)(1,645)(579)(3,440)
Provision for credit losses2,038 1,575 1,183 (157)861 5,500 
Balance, March 31$35,921 $79,128 $56,903 $91,008 $27,334 $290,294 
The following table presents the activity in the allowance for credit losses for the three months ended March 31, 2023 and the year ended December 31, 2023:
Three Months Ended March 31, 2023 and Year Ended December 31, 2023
Construction/
Land
Development 		Other
Commercial
Real Estate 		Residential
Real Estate
Commercial
& Industrial
Consumer
& Other 		Total
(In thousands)
Allowance for credit losses:
Beginning balance$32,243 $93,848 $50,963 $89,354 $23,261 $289,669 
Loans charged off(25)(73)(59)(3,006)(1,125)(4,288)
Recoveries of loans previously charged off
7 19 126 109 327 588 
Net loans (charged off) recovered
(18)(54)67 (2,897)(798)(3,700)
Provision for credit loss - loans(1,053)(6,816)403 5,939 2,727 1,200 
Balance, March 31
31,172 —86,978 —51,433 —92,396 —25,190 287,169 
Loans charged off(238)(2,262)(210)(6,151)(2,906)(11,767)
Recoveries of loans previously charged off
106 514 203 474 785 2,082 
Net loans (charged off) recovered
(132)(1,748)(7)(5,677)(2,121)(9,685)
Provision for credit loss - loans2,837 (6,595)4,434 6,091 3,983 10,750 
Balance, December 31
$33,877 $78,635 $55,860 $92,810 $27,052 $288,234 
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due Over 90 Days Still Accruing
The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing as of March 31, 2024 and December 31, 2023:
March 31, 2024
NonaccrualNonaccrual
with Reserve		Loans Past Due
Over 90 Days
Still Accruing
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$12,887 $— $9,377 
Construction/land development15,782 9,059 603 
Agricultural414 — — 
Residential real estate loans
Residential 1-4 family22,037 — 543 
Total real estate51,120 9,059 10,523 
Consumer4,639 — 48 
Commercial and industrial10,969 3,112 2,311 
Agricultural & other327 — 46 
Total$67,055 $12,171 $12,928 
 December 31, 2023
NonaccrualNonaccrual
with Reserve		Loans Past Due
Over 90 Days
Still Accruing
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$13,178 $— $2,177 
Construction/land development12,094 — 255 
Agricultural431 — — 
Residential real estate loans
Residential 1-4 family20,351 — 84 
Multifamily residential— — — 
Total real estate46,054 — 2,516 
Consumer3,423 — 79 
Commercial and industrial9,982 2,534 1,535 
Agricultural & other512 — — 
Total$59,971 $2,534 $4,130 
Amortized Cost Basis of Collateral-dependent Impaired Loans
The following table presents the amortized cost basis of impaired loans (which includes loans individually analyzed for credit losses for which a specific reserve has been recorded, non-accrual loans, loans past due 90 days or more and restructured loans made to borrowers experiencing financial difficulty) by class of loans as of March 31, 2024 and December 31, 2023:
March 31, 2024
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$44,193 $— $— 
Construction/land development16,385 — — 
Agricultural414 — — 
Residential real estate loans
Residential 1-4 family— 23,696 — 
Multifamily residential— — — 
Total real estate60,992 23,696 — 
Consumer— — 4,696 
Commercial and industrial— — 15,536 
Agricultural & other— — 373 
Total$60,992 $23,696 $20,605 
 December 31, 2023
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$39,813 $— $— 
Construction/land development12,350 — — 
Agricultural431 — — 
Residential real estate loans
Residential 1-4 family— 21,386 — 
Multifamily residential— — — 
Total real estate52,594 21,386 — 
Consumer— — 3,511 
Commercial and industrial— — 16,890 
Agricultural & other— — 512 
Total$52,594 $21,386 $20,913 
Summary of Aging Analysis for Loans Receivable
The following is an aging analysis for loans receivable as of March 31, 2024 and December 31, 2023:
March 31, 2024
Loans
Past Due
30-59 Days		Loans
Past Due
60-89 Days		Loans
Past Due
90 Days
or More		Total
Past Due		Current
Loans		Total
Loans
Receivable		Accruing
Loans
Past Due
90 Days
or More
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$2,628 $1,148 $22,264 $26,040 $5,590,925 $5,616,965 $9,377 
Construction/land development1,525 103 16,385 18,013 2,312,542 2,330,555 603 
Agricultural301 311 414 1,026 336,592 337,618 — 
Residential real estate loans
Residential 1-4 family10,488 1,466 22,580 34,534 1,865,440 1,899,974 543 
Multifamily residential790 — — 790 415,136 415,926 — 
Total real estate15,732 3,028 61,643 80,403 10,520,635 10,601,038 10,523 
Consumer417 151 4,687 5,255 1,157,973 1,163,228 48 
Commercial and industrial1,426 2,747 13,280 17,453 2,267,322 2,284,775 2,311 
Agricultural & other462 48 373 883 463,749 464,632 46 
Total$18,037 $5,974 $79,983 $103,994 $14,409,679 $14,513,673 $12,928 

December 31, 2023
Loans
Past Due
30-59 Days		Loans
Past Due
60-89 Days		Loans
Past Due
90 Days
or More		Total
Past Due		Current
Loans		Total
Loans
Receivable		Accruing
Loans
Past Due
90 Days
or More
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$8,124 $416 $15,355 $23,895 $5,526,059 $5,549,954 $2,177 
Construction/land development1,430 — 12,349 13,779 2,279,268 2,293,047 255 
Agricultural474 314 431 1,219 323,937 325,156 — 
Residential real estate loans
Residential 1-4 family4,346 1,423 20,435 26,204 1,818,056 1,844,260 84 
Multifamily residential— — — — 435,736 435,736 — 
Total real estate14,374 2,153 48,570 65,097 10,383,056 10,448,153 2,516 
Consumer1,022 303 3,502 4,827 1,148,863 1,153,690 79 
Commercial and industrial2,089 3,378 11,517 16,984 2,308,007 2,324,991 1,535 
Agricultural and other1,074 113 512 1,699 496,195 497,894 — 
Total$18,559 $5,947 $64,101 $88,607 $14,336,121 $14,424,728 $4,130 
Presentation of Classified Loans by Class and Risk Rating
Based on the most recent analysis performed, the risk category of loans by class of loans as of March 31, 2024 and December 31, 2023 is as follows:
March 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $342 $91 $433 
Risk rating 2— — — — — 109 — 109 
Risk rating 383,363 331,573 594,821 581,031 241,146 1,121,885 437,309 3,391,128 
Risk rating 47,718 157,901 499,982 251,916 157,181 710,773 133,521 1,918,992 
Risk rating 5— — 800 10,612 — 53,802 — 65,214 
Risk rating 6— — 8,191 9,205 24,133 199,371 189 241,089 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total non-farm/non-residential91,081 489,474 1,103,794 852,764 422,460 2,086,282 571,110 5,616,965 
Construction/land development
Risk rating 1$— $— $— $10 $— $— $— $10 
Risk rating 2— 138 — — — 179 — 317 
Risk rating 3103,471 338,932 491,298 113,870 50,553 70,571 47,987 1,216,682 
Risk rating 417,872 165,321 426,339 220,985 19,545 52,325 193,864 1,096,251 
Risk rating 5— 635 — — — 67 — 702 
Risk rating 6— — 11,796 1,602 1,279 901 943 16,521 
Risk rating 7— — — — — — — — 
Risk rating 8— — — 72 — — — 72 
Total construction/land development121,343 505,026 929,433 336,539 71,377 124,043 242,794 2,330,555 
Agricultural
Risk rating 1$700 $— $1,550 $— $— $— $— $2,250 
Risk rating 2— 245 — 1,908 — — — 2,153 
Risk rating 312,689 35,840 43,636 20,758 24,044 48,712 26,975 212,654 
Risk rating 47,297 9,474 22,316 18,238 13,622 40,145 4,636 115,728 
Risk rating 5— — — — — 882 — 882 
Risk rating 6— — — 1,668 1,084 1,199 — 3,951 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural20,686 45,559 67,502 42,572 38,750 90,938 31,611 337,618 
Total commercial real estate loans$233,110 $1,040,059 $2,100,729 $1,231,875 $532,587 $2,301,263 $845,515 $8,285,138 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $96 $2 $98 
Risk rating 2— 867 — — — 14 1 882 
Risk rating 368,236 222,450 374,959 238,269 140,564 399,083 123,952 1,567,513 
Risk rating 43,710 14,286 43,663 52,466 20,855 76,831 85,756 297,567 
Risk rating 5— 158 670 29 298 1,412 — 2,567 
Risk rating 6— 1,274 5,386 3,915 3,939 16,047 784 31,345 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — 2 — 2 
Total residential 1-4 family71,946 239,035 424,678 294,679 165,656 493,485 210,495 1,899,974 
March 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 3424 3,300 25,242 37,413 44,195 81,998 6,867 199,439 
Risk rating 4— 696 81,319 38,046 64,246 23,736 8,041 216,084 
Risk rating 5— — 150 — — — — 150 
Risk rating 6— — — — — 253 — 253 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential424 3,996 106,711 75,459 108,441 105,987 14,908 415,926 
Total real estate$305,480 $1,283,090 $2,632,118 $1,602,013 $806,684 $2,900,735 $1,070,918 $10,601,038 
Consumer
Risk rating 1$2,232 $4,108 $2,526 $1,834 $769 $1,238 $1,529 $14,236 
Risk rating 2— — — — — 170 — 170 
Risk rating 344,644 230,405 238,893 206,923 102,296 289,483 1,196 1,113,840 
Risk rating 4904 7,573 8,067 1,015 49 4,911 255 22,774 
Risk rating 5— 5,052 — 223 165 905 — 6,345 
Risk rating 6— 186 1,482 950 932 2,276 23 5,849 
Risk rating 7— 13 — — — — — 13 
Risk rating 8— — — — 1 — — 1 
Total consumer47,780 247,337 250,968 210,945 104,212 298,983 3,003 1,163,228 
Commercial and industrial
Risk rating 1$678 $1,729 $860 $816 $231 $20,920 $12,287 $37,521 
Risk rating 2— 160 1,221 208 10 20 1,130 2,749 
Risk rating 321,943 475,638 267,003 73,719 52,985 248,283 227,129 1,366,700 
Risk rating 432,124 50,433 33,941 44,843 19,245 85,821 425,396 691,803 
Risk rating 5— 20 832 16,270 3,186 972 2,123 23,403 
Risk rating 622 12,147 72,252 4,576 668 20,577 52,352 162,594 
Risk rating 7— — — — — 5 — 5 
Risk rating 8— — — — — — — — 
Total commercial and industrial54,767 540,127 376,109 140,432 76,325 376,598 720,417 2,284,775 
Agricultural and other
Risk rating 1$427 $402 $120 $16 $105 $— $331 $1,401 
Risk rating 271 308 28 1 — 1,216 743 2,367 
Risk rating 317,995 51,938 40,941 30,317 25,416 44,812 140,789 352,208 
Risk rating 43,781 8,139 9,975 7,231 642 13,634 62,823 106,225 
Risk rating 5— — 312 — 61 593 15 981 
Risk rating 6— 77 31 55 97 368 822 1,450 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other22,274 60,864 51,407 37,620 26,321 60,623 205,523 464,632 
Total$430,301 $2,131,418 $3,310,602 $1,991,010 $1,013,542 $3,636,939 $1,999,861 $14,513,673 
December 31, 2023
Term Loans Amortized Cost Basis by Origination Year
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $232 $116 $55 $403 
Risk rating 2— — — — 111 — — 111 
Risk rating 3305,742 584,860 568,413 243,177 216,746 934,111 440,414 3,293,463 
Risk rating 483,089 557,540 242,217 224,378 149,258 590,864 95,360 1,942,706 
Risk rating 5— — 10,000 — 14,095 42,694 758 67,547 
Risk rating 6— 8,198 9,958 23,743 24,380 179,350 95 245,724 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total non-farm/non-residential388,831 1,150,598 830,588 491,298 404,822 1,747,135 536,682 5,549,954 
Construction/land development
Risk rating 1$— $— $10 $— $— $— $— $10 
Risk rating 2759 — — — — 186 — 945 
Risk rating 3300,941 499,984 130,342 62,134 22,656 56,180 44,603 1,116,840 
Risk rating 4198,874 417,244 252,602 22,713 32,342 24,527 209,063 1,157,365 
Risk rating 5641 1,163 — 3,306 218 69 — 5,397 
Risk rating 6— 7,817 1,631 748 641 254 1,327 12,418 
Risk rating 7— — — — — — — — 
Risk rating 8— — 72 — — — — 72 
Total construction/land development501,215 926,208 384,657 88,901 55,857 81,216 254,993 2,293,047 
Agricultural
Risk rating 1$— $1,605 $— $— $— $— $— $1,605 
Risk rating 2247 — 1,936 — — — — 2,183 
Risk rating 330,252 43,291 22,919 25,992 10,678 43,284 20,104 196,520 
Risk rating 49,477 24,688 20,358 19,532 7,873 32,692 4,612 119,232 
Risk rating 5— — — — 314 571 — 885 
Risk rating 6— — 1,675 1,084 1,620 352 — 4,731 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural39,976 69,584 46,888 46,608 20,485 76,899 24,716 325,156 
Total commercial real estate loans$930,022 $2,146,390 $1,262,133 $626,807 $481,164 $1,905,250 $816,391 $8,168,157 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $144 $2 $146 
Risk rating 2259 — — — — 20 1 280 
Risk rating 3246,462 366,149 241,985 145,339 93,751 324,569 122,950 1,541,205 
Risk rating 414,992 37,444 55,406 21,240 13,313 67,084 62,356 271,835 
Risk rating 5— 243 246 479 831 1,343 40 3,182 
Risk rating 671 5,361 2,926 4,064 3,432 10,567 1,189 27,610 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — 2 — 2 
Total residential 1-4 family261,784 409,197 300,563 171,122 111,327 403,729 186,538 1,844,260 
December 31, 2023
Term Loans Amortized Cost Basis by Origination Year
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 33,314 9,827 37,755 44,407 31,436 53,068 6,537 186,344 
Risk rating 4669 77,185 69,546 64,295 8,116 18,490 7,822 246,123 
Risk rating 5— — — — — 3,006 — 3,006 
Risk rating 6— — — — 263 — — 263 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential3,983 87,012 107,301 108,702 39,815 74,564 14,359 435,736 
Total real estate$1,195,789 $2,642,599 $1,669,997 $906,631 $632,306 $2,383,543 $1,017,288 $10,448,153 
Consumer
Risk rating 1$5,195 $2,952 $2,002 $839 $355 $1,114 $1,580 $14,037 
Risk rating 2— — — — 126 54 — 180 
Risk rating 3240,897 245,543 211,312 108,009 108,063 191,220 1,264 1,106,308 
Risk rating 49,597 7,534 2,479 69 109 6,073 214 26,075 
Risk rating 522 — 22 483 872 261 — 1,660 
Risk rating 6204 1,559 830 581 881 1,349 11 5,415 
Risk rating 715 — — — — — — 15 
Risk rating 8— — — — — — — — 
Total consumer255,930 257,588 216,645 109,981 110,406 200,071 3,069 1,153,690 
Commercial and industrial
Risk rating 1$3,757 $918 $1,120 $236 $121 $20,835 $12,644 $39,631 
Risk rating 2174 1,293 220 12 164 218 963 3,044 
Risk rating 3487,896 272,608 78,507 50,340 77,761 170,610 227,043 1,364,765 
Risk rating 4115,025 34,474 55,812 33,000 27,189 71,854 378,417 715,771 
Risk rating 521 547 16,318 3,352 201 980 1,767 23,186 
Risk rating 612,498 75,536 4,942 1,154 9,086 12,180 63,198 178,594 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total commercial and industrial619,371 385,376 156,919 88,094 114,522 276,677 684,032 2,324,991 
Agricultural and other
Risk rating 1$408 $131 $16 $105 $— $2 $563 $1,225 
Risk rating 2396 28 1 — 1,181 100 693 2,399 
Risk rating 352,758 45,796 31,378 26,918 3,059 43,984 145,419 349,312 
Risk rating 414,007 7,663 8,025 955 10,955 3,188 94,186 138,979 
Risk rating 5— 2,286 — 134 — 593 665 3,678 
Risk rating 671 33 63 108 — 370 1,656 2,301 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other67,640 55,937 39,483 28,220 15,195 48,237 243,182 497,894 
Total$2,138,730 $3,341,500 $2,083,044 $1,132,926 $872,429 $2,908,528 $1,947,571 $14,424,728 
The following table presents gross write-offs by origination date as of March 31, 2024 and December 31, 2023.
March 31, 2024
Gross Loan Write-Offs by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $— $750 $1 $351 $— $1,102 
Construction/land development— — — — 1 — — 1 
Agricultural— — — — — — — — 
Residential real estate loans
Residential 1-4 family— 1 68 — 25 65 — 159 
Total real estate— 1 68 750 27 416 — 1,262 
Consumer— 12 39 26 87 34 — 198 
Commercial and industrial— 106 25 258 — 2 1,355 1,746 
Agricultural & other772 *— — — — — — 772 
Total$772 $119 $132 $1,034 $114 $452 $1,355 $3,978 
*The 2024 write-off consists entirely of overdrafts.
December 31, 2023
Gross Loan Write-Offs by Origination Year
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $— $— $1,826 $502 $— $2,328 
Construction/land development— 2 168 5 — 88 — 263 
Agricultural— — — — 1 6 — 7 
Residential real estate loans
Residential 1-4 family— 29 28 73 13 126 — 269 
Total real estate— 31 196 78 1,840 722 — 2,867 
Consumer— 51 44 98 63 263 25 544 
Commercial and industrial— 407 1,110 894 911 5,369 466 9,157 
Agricultural & other3,252 
**
1 1 2 64 3 164 3,487 
Total$3,252 $490 $1,351 $1,072 $2,878 $6,357 $655 $16,055 
**The 2023 write-offs consists entirely of overdrafts.
The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. The Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following tables present the amortized cost of performing and nonperforming loans as of March 31, 2024 and December 31, 2023.
March 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing$91,081 $489,474 $1,103,713 $844,097 $421,053 $2,052,324 $571,030 $5,572,772 
Non-performing— — 81 8,667 1,407 33,958 80 44,193 
Total non-farm/non-residential
91,081 489,474 1,103,794 852,764 422,460 2,086,282 571,110 5,616,965 
Construction/land development
Performing$121,343 $505,026 $917,637 $334,866 $70,220 $123,226 $241,852 $2,314,170 
Non-performing— — 11,796 1,673 1,157 817 942 16,385 
Total construction/ land development
121,343 505,026 929,433 336,539 71,377 124,043 242,794 2,330,555 
Agricultural
Performing$20,686 $45,559 $67,502 $42,501 $38,750 $90,595 $31,611 $337,204 
Non-performing— — — 71 — 343 — 414 
Total agricultural20,686 45,559 67,502 42,572 38,750 90,938 31,611 337,618 
Total commercial real estate loans
$233,110 $1,040,059 $2,100,729 $1,231,875 $532,587 $2,301,263 $845,515 $8,285,138 
Residential real estate loans
Residential 1-4 family
Performing$71,946 $238,505 $420,458 $291,510 $162,453 $481,331 $210,075 $1,876,278 
Non-performing— 530 4,220 3,169 3,203 12,154 420 23,696 
Total residential 1-4 family
71,946 239,035 424,678 294,679 165,656 493,485 210,495 1,899,974 
Multifamily residential
Performing$424 $3,996 $106,711 $75,459 $108,441 $105,987 $14,908 $415,926 
Non-performing— — — — — — — — 
Total multifamily residential
424 3,996 106,711 75,459 108,441 105,987 14,908 415,926 
Total real estate$305,480 $1,283,090 $2,632,118 $1,602,013 $806,684 $2,900,735 $1,070,918 $10,601,038 
Consumer
Performing$47,780 $247,223 $250,314 $210,065 $103,311 $296,854 $2,985 $1,158,532 
Non-performing— 114 654 880 901 2,129 18 4,696 
Total consumer47,780 247,337 250,968 210,945 104,212 298,983 3,003 1,163,228 
Commercial and industrial
Performing$54,767 $537,330 $373,206 $139,722 $75,802 $370,961 $717,451 $2,269,239 
Non-performing— 2,797 2,903 710 523 5,637 2,966 15,536 
Total commercial and industrial54,767 540,127 376,109 140,432 76,325 376,598 720,417 2,284,775 
Agricultural and other
Performing$22,274 $60,787 $51,376 $37,565 $26,321 $60,546 $205,390 $464,259 
Non-performing— 77 31 55 — 77 133 373 
Total agricultural and other22,274 60,864 51,407 37,620 26,321 60,623 205,523 464,632 
Total$430,301 $2,131,418 $3,310,602 $1,991,010 $1,013,542 $3,636,939 $1,999,861 $14,513,673 



December 31, 2023
Term Loans Amortized Cost Basis by Origination Year
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing$388,831 $1,150,598 $821,373 $490,153 $404,061 $1,718,776 $536,349 $5,510,141 
Non-performing— — 9,215 1,145 761 28,359 333 39,813 
Total non-farm/non-residential
388,831 1,150,598 830,588 491,298 404,822 1,747,135 536,682 5,549,954 
Construction/land development
Performing$501,215 $918,390 $382,954 $88,204 $55,239 $81,028 $253,667 $2,280,697 
Non-performing— 7,818 1,703 697 618 188 1,326 12,350 
Total construction/land development
501,215 926,208 384,657 88,901 55,857 81,216 254,993 2,293,047 
Agricultural
Performing$39,976 $69,584 $46,809 $46,608 $20,485 $76,547 $24,716 $324,725 
Non-performing— — 79 — — 352 — 431 
Total agricultural39,976 69,584 46,888 46,608 20,485 76,899 24,716 325,156 
Total commercial real estate loans
$930,022 $2,146,390 $1,262,133 $626,807 $481,164 $1,905,250 $816,391 $8,168,157 
Residential real estate loans
Residential 1-4 family
Performing$261,784 $405,239 $298,207 $167,475 $108,091 $396,130 $185,948 $1,822,874 
Non-performing— 3,958 2,356 3,647 3,236 7,599 590 21,386 
Total residential 1-4 family
261,784 409,197 300,563 171,122 111,327 403,729 186,538 1,844,260 
Multifamily residential
Performing$3,983 $87,012 $107,301 $108,702 $39,815 $74,564 $14,359 $435,736 
Non-performing— — — — — — — — 
Total multifamily residential
3,983 87,012 107,301 108,702 39,815 74,564 14,359 435,736 
Total real estate$1,195,789 $2,642,599 $1,669,997 $906,631 $632,306 $2,383,543 $1,017,288 $10,448,153 
Consumer
Performing$255,771 $256,826 $215,831 $109,442 $110,267 $198,982 $3,060 $1,150,179 
Non-performing159 762 814 539 139 1,089 9 3,511 
Total consumer255,930 257,588 216,645 109,981 110,406 200,071 3,069 1,153,690 
Commercial and industrial
Performing$616,809 $382,190 $156,056 $87,531 $111,529 $273,434 $680,552 $2,308,101 
Non-performing2,562 3,186 863 563 2,993 3,243 3,480 16,890 
Total commercial and industrial619,371 385,376 156,919 88,094 114,522 276,677 684,032 2,324,991 
Agricultural and other
Performing$67,569 $55,904 $39,473 $28,220 $15,195 $48,203 $242,818 $497,382 
Non-performing71 33 10 — — 34 364 512 
Total agricultural and other67,640 55,937 39,483 28,220 15,195 48,237 243,182 497,894 
Total$2,138,730 $3,341,500 $2,083,044 $1,132,926 $872,429 $2,908,528 $1,947,571 $14,424,728 
Presentation of Troubled Debt Restructurings ("TDRs") by Class The following table presents the amortized cost basis of modified loans to borrowers experiencing financial difficulty by class and modification type at March 31, 2024 and December 31, 2023. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.
March 31, 2024
Combination of Modifications
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyInterest Rate Reduction and Term ExtensionPrincipal Reduction and Interest Rate ReductionTerm Extension and Interest OnlyTerm Extension and Principal ReductionPost-
Modification
Outstanding
Balance		Percentage of Total Class of Loans Receivable
(In thousands)
Real estate:
Commercial real estate loans
    Non-farm/non-residential$396 $457 $— $1,415 $347 $— $16,023 $— $18,638 0.33 %
    Construction/land development— — — 121 — — — — 121 0.01 
Residential real estate loans
    Residential 1-4 family626 724 105 56 500 — — 115 2,126 0.11 
Total real estate1,022 1,181 105 1,592 847 — 16,023 115 20,885 0.20 
Consumer— — 1 9 — 4 — — 14 — 
Commercial and industrial2,257 38 4 1,669 74 — — — 4,042 0.18 
Total$3,279 $1,219 $110 $3,270 $921 $4 $16,023 $115 $24,941 0.17 %
December 31, 2023
Combination of Modifications
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyInterest Rate Reduction and Term ExtensionPrincipal Reduction and Interest Rate ReductionTerm Extension and Interest OnlyTerm Extension and Principal ReductionPost-
Modification
Outstanding
Balance		Percentage of Total Class of Loans Receivable
(In thousands)
Real estate:
Commercial real estate loans
    Non-farm/non-residential$398 $— $— $1,537 $348 $— $16,023 $— $18,306 0.33 %
    Construction/land development— — — 149 — — — — 149 0.01 
Residential real estate loans
    Residential 1-4 family560 598 106 59 516 — — 116 1,955 0.11 
Total real estate958 598 106 1,745 864 — 16,023 116 20,410 0.20 
Consumer14 — 1 10 — 5 — — 30 — 
Commercial and industrial2,253 38 42 1,763 74 — — — 4,170 0.18 
Total$3,225 $636 $149 $3,518 $938 $5 $16,023 $116 $24,610 0.17 %
Presentation of TDR's on Non-Accrual Status
The following table presents the amortized cost basis of loans that had a payment default during the three-months ended March 31, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.
March 31, 2024
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyCombination Interest Rate Reduction and Term ExtensionCombination Interest Rate Reduction and Principal ReductionCombination Term Extension and Principal Reduction
(Dollars in thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $— $319 $— $— $— 
Residential real estate loans
Residential 1-4 family115 104 9 — 323 — 115 
Total real estate115 104 9 319 323 — 115 
Commercial and industrial— — — 28 — — — 
Total$115 $104 $9 $347 $323 $— $115 
Summary of Total Foreclosed Assets
The following is a presentation of total foreclosed assets as of March 31, 2024 and December 31, 2023:
March 31, 2024December 31, 2023
(In thousands)
Commercial real estate loans
Non-farm/non-residential$29,894 $29,894 
Construction/land development— 47 
Residential real estate loans
Residential 1-4 family756 545 
Total foreclosed assets held for sale$30,650 $30,486