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v3.20.2

Loans (Tables) | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Schedule of Loans by Class | The following table presents loans by segment as of the dates indicated:
| June 30, 2020 |  | December 31, 2019
Real estate loans: |  |  |
Commercial | $ | 3,593.8 |  |  | $ | 3,487.8 |
Construction loans: |  |  |
Land acquisition & development | 285.3 |  |  | 302.1 |
Residential | 246.2 |  |  | 244.1 |
Commercial | 459.8 |  |  | 431.5 |
Total construction loans | 991.3 |  |  | 977.7 |
Residential | 1,287.6 |  |  | 1,246.1 |
Agricultural | 224.2 |  |  | 226.6 |
Total real estate loans | 6,096.9 |  |  | 5,938.2 |
Consumer loans: |  |  |
Indirect | 801.9 |  |  | 784.6 |
Direct and advance lines | 169.3 |  |  | 179.0 |
Credit card | 70.6 |  |  | 81.6 |
Total consumer loans | 1,041.8 |  |  | 1,045.2 |
Commercial | 2,648.6 |  |  | 1,673.7 |
Agricultural | 282.8 |  |  | 279.1 |
Other, including overdrafts | 3.7 |  |  | — |
Loans held for investment | 10,073.8 |  |  | 8,936.2 |
Deferred loan fees and costs | (41.3 | ) |  | (5.5 | )
Loans held for investment. net of deferred fees and costs | 10,032.5 |  |  | 8,930.7 |
Allowance for credit losses | (146.1 | ) |  | (73.0 | )
Net loans held for investment | $ | 9,886.4 |  |  | $ | 8,857.7 |
Schedule of Allowance for Loan Losses by Portfolio Segment | The following table represents, by loan portfolio segment, the activity in the allowance for credit losses for loans held for investment:
Three Months Ended June 30, 2020 | Beginning Balance | Provision for Credit Loss Expense | Loans Charged-Off | Recoveries Collected | Ending Balance
Allowance for credit losses (1) |  |  |  |  |
Real estate: |  |  |  |  |
Commercial real estate: |  |  |  |  |
Non-owner occupied | $ | 15.7 |  | $ | 7.9 |  | $ | — |  | $ | — |  | $ | 23.6 |
Owner occupied | 15.7 |  | 3.4 |  | (0.1 | ) | 0.1 |  | 19.1 |
Multi-family | 8.1 |  | 0.4 |  | — |  | — |  | 8.5 |
Total commercial real estate | 39.5 |  | 11.7 |  | (0.1 | ) | 0.1 |  | 51.2 |
Construction: |  |  |  |  |
Land acquisition & development | 1.4 |  | 0.1 |  | — |  | — |  | 1.5 |
Residential construction | 1.1 |  | 0.2 |  | — |  | — |  | 1.3 |
Commercial construction | 6.1 |  | 0.2 |  | — |  | — |  | 6.3 |
Total construction | 8.6 |  | 0.5 |  | — |  | — |  | 9.1 |
Residential real estate: |  |  |  |  |
Residential 1-4 family | 12.9 |  | (2.7 | ) | — |  | 0.1 |  | 10.3 |
Home equity and HELOC | 1.4 |  | — |  | — |  | 0.1 |  | 1.5 |
Total residential real estate | 14.3 |  | (2.7 | ) | — |  | 0.2 |  | 11.8 |
Agricultural real estate | 2.6 |  | 0.5 |  | — |  | — |  | 3.1 |
Total real estate | 65.0 |  | 10.0 |  | (0.1 | ) | 0.3 |  | 75.2 |
Consumer: |  |  |  |  |
Indirect | 16.7 |  | 0.5 |  | (1.2 | ) | 0.4 |  | 16.4 |
Direct and advance lines | 5.5 |  | 0.3 |  | (1.0 | ) | 0.3 |  | 5.1 |
Credit card | 2.6 |  | — |  | (0.8 | ) | 0.2 |  | 2.0 |
Total consumer | 24.8 |  | 0.8 |  | (3.0 | ) | 0.9 |  | 23.5 |
Commercial: |  |  |  |  |
Commercial and floor plans | 33.5 |  | 7.7 |  | (0.6 | ) | 0.4 |  | 41.0 |
Commercial purpose secured by 1-4 family | 4.4 |  | 0.6 |  | — |  | 0.1 |  | 5.1 |
Credit card | 0.3 |  | 0.3 |  | (0.3 | ) | 0.1 |  | 0.4 |
Total commercial | 38.2 |  | 8.6 |  | (0.9 | ) | 0.6 |  | 46.5 |
Agricultural: |  |  |  |  |
Agricultural | 1.1 |  | (0.1 | ) | (0.1 | ) | — |  | 0.9 |
Total agricultural | 1.1 |  | (0.1 | ) | (0.1 | ) | — |  | 0.9 |
Total allowance for credit losses | $ | 129.1 |  | $ | 19.3 |  | $ | (4.1 | ) | $ | 1.8 |  | $ | 146.1 |
(1) Amounts presented above are exclusive of the allowance for credit losses related to unfunded commitments which are included in “Note 12 - Financial Instruments with Off-Balance Sheet Risk” included in this report.
Six Months Ended June 30, 2020 | Beginning Balance | Initial Impact of Adopting ASC 326 | Provision for Credit Loss Expense | Loans Charged-Off | Recoveries Collected | Ending Balance
Allowance for credit losses (1) |  |  |  |  |  |
Real estate: |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |
Non-owner occupied | $ | 8.8 |  | $ | 4.9 |  | $ | 9.9 |  | $ | — |  | $ | — |  | $ | 23.6 |
Owner occupied | 10.0 |  | 3.5 |  | 5.6 |  | (0.1 | ) | 0.1 |  | 19.1 |
Multi-family | 0.7 |  | 6.9 |  | 0.9 |  | — |  | — |  | 8.5 |
Total commercial real estate | 19.5 |  | 15.3 |  | 16.4 |  | (0.1 | ) | 0.1 |  | 51.2 |
Construction: |  |  |  |  |  |
Land acquisition & development | 1.9 |  | (0.1 | ) | 0.2 |  | (0.5 | ) | — |  | 1.5 |
Residential construction | 1.5 |  | (0.9 | ) | 0.7 |  | — |  | — |  | 1.3 |
Commercial construction | 2.7 |  | 1.3 |  | 2.3 |  | — |  | — |  | 6.3 |
Total construction | 6.1 |  | 0.3 |  | 3.2 |  | (0.5 | ) | — |  | 9.1 |
Residential real estate: |  |  |  |  |  |
Residential 1-4 family | 1.8 |  | 10.6 |  | (2.2 | ) | — |  | 0.1 |  | 10.3 |
Home equity and HELOC | 1.0 |  | 0.5 |  | (0.1 | ) | — |  | 0.1 |  | 1.5 |
Total residential real estate | 2.8 |  | 11.1 |  | (2.3 | ) | — |  | 0.2 |  | 11.8 |
Agricultural real estate | 0.5 |  | 1.8 |  | 0.8 |  | — |  | — |  | 3.1 |
Total real estate | 28.9 |  | 28.5 |  | 18.1 |  | (0.6 | ) | 0.3 |  | 75.2 |
Consumer: |  |  |  |  |  |
Indirect | 4.5 |  | 8.8 |  | 4.4 |  | (2.4 | ) | 1.1 |  | 16.4 |
Direct and advance lines | 2.9 |  | 3.0 |  | 0.7 |  | (2.0 | ) | 0.5 |  | 5.1 |
Credit card | 2.5 |  | 0.3 |  | 0.4 |  | (1.6 | ) | 0.4 |  | 2.0 |
Total consumer | 9.9 |  | 12.1 |  | 5.5 |  | (6.0 | ) | 2.0 |  | 23.5 |
Commercial: |  |  |  |  |  |
Commercial and floor plans | 25.5 |  | (5.1 | ) | 21.2 |  | (1.4 | ) | 0.8 |  | 41.0 |
Commercial purpose secured by 1-4 family | 5.9 |  | (3.8 | ) | 3.0 |  | (0.1 | ) | 0.1 |  | 5.1 |
Credit card | 1.2 |  | (1.1 | ) | 0.7 |  | (0.5 | ) | 0.1 |  | 0.4 |
Total commercial | 32.6 |  | (10.0 | ) | 24.9 |  | (2.0 | ) | 1.0 |  | 46.5 |
Agricultural: |  |  |  |  |  |
Agricultural | 1.6 |  | (0.6 | ) | — |  | (0.1 | ) | — |  | 0.9 |
Total agricultural | 1.6 |  | (0.6 | ) | — |  | (0.1 | ) | — |  | 0.9 |
Total allowance for credit losses | $ | 73.0 |  | $ | 30.0 |  | $ | 48.5 |  | $ | (8.7 | ) | $ | 3.3 |  | $ | 146.1 |
(1) Amounts presented above are exclusive of the allowance for credit losses related to unfunded commitments which are included in “Note 12 - Financial Instruments with Off-Balance Sheet Risk” included in this report.
The following table represents activity in the allowance for credit losses for loans held for investment under historical GAAP:
Three Months Ended June 30, 2019 | Beginning Balance | Provision for Credit Loss Expense | Loans Charged-Off | Recoveries Collected | Ending Balance
Allowance for credit losses |  |  |  |  |
Real estate | $ | 27.4 |  | $ | — |  | $ | (0.9 | ) | $ | 1.2 |  | $ | 27.7 |
Consumer | 8.8 |  | 2.4 |  | (3.3 | ) | 1.2 |  | 9.1 |
Commercial | 34.5 |  | 1.1 |  | (1.1 | ) | 1.2 |  | 35.7 |
Agricultural | 1.7 |  | 0.3 |  | (0.3 | ) | — |  | 1.7 |
Total allowance for credit losses | $ | 72.4 |  | $ | 3.8 |  | $ | (5.6 | ) | $ | 3.6 |  | $ | 74.2 |
Schedule of Recorded Investment in Impaired Loans | The following tables present the amortized cost basis of collateral dependent loans by class of loans as of June 30, 2020. The comparable period is not presented because the collateral dependent type loans classification did not exist under prior GAAP. Under historical guidance, the recorded investment of impaired loans and the related specific reserve was $64.7 million and $3.6 million, respectively, as of December 31, 2019.
| Collateral Type
As of June 30, 2020 | Business Assets | Real Property | Other | Total
Real estate | $ | 0.3 |  | $ | 0.6 |  | $ | — |  | $ | 0.9 |
Commercial | 5.5 |  | 5.5 |  | 0.5 |  | 11.5 |
Agricultural | — |  | 0.1 |  | — |  | 0.1 |
Total collateral-dependent | $ | 5.8 |  | $ | 6.2 |  | $ | 0.5 |  | $ | 12.5 |
Schedule of Recorded Investment in Past Due Loans by Class | Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans classified in the following table as greater than 90 days past due are still accruing interest. The following tables present the contractual aging of the Company’s recorded amortized cost basis in loans by portfolio as of the dates indicated.
|  |  |  | Total Loans |  |  |
| 30 - 59 | 60 - 89 | > 90 | 30 or More |  |  |
| Days | Days | Days | Days | Current | Non-accrual | Total
As of June 30, 2020 | Past Due | Past Due | Past Due | Past Due | Loans | Loans (1) | Loans
Real estate |  |  |  |  |  |  |
Commercial | $ | 5.1 |  | $ | 1.2 |  | $ | 0.8 |  | $ | 7.1 |  | $ | 3,573.7 |  | $ | 13.0 |  | $ | 3,593.8 |
Construction: |  |  |  |  |  |  |
Land acquisition & development | 15.8 |  | 0.4 |  | 0.3 |  | 16.5 |  | 268.1 |  | 0.7 |  | 285.3 |
Residential | 4.7 |  | 0.6 |  | 0.5 |  | 5.8 |  | 240.4 |  | — |  | 246.2 |
Commercial | — |  | — |  | — |  | — |  | 459.3 |  | 0.5 |  | 459.8 |
Total construction loans | 20.5 |  | 1.0 |  | 0.8 |  | 22.3 |  | 967.8 |  | 1.2 |  | 991.3 |
Residential | 4.6 |  | 3.3 |  | 0.3 |  | 8.2 |  | 1,275.4 |  | 4.0 |  | 1,287.6 |
Agricultural | — |  | — |  | 1.0 |  | 1.0 |  | 215.8 |  | 7.4 |  | 224.2 |
Total real estate loans | 30.2 |  | 5.5 |  | 2.9 |  | 38.6 |  | 6,032.7 |  | 25.6 |  | 6,096.9 |
Consumer: |  |  |  |  |  |  |
Indirect consumer | 3.6 |  | 1.1 |  | 0.2 |  | 4.9 |  | 795.0 |  | 2.0 |  | 801.9 |
Other consumer | 0.5 |  | 0.2 |  | 0.2 |  | 0.9 |  | 167.7 |  | 0.7 |  | 169.3 |
Credit card | 0.6 |  | 0.3 |  | 0.6 |  | 1.5 |  | 69.1 |  | — |  | 70.6 |
Total consumer loans | 4.7 |  | 1.6 |  | 1.0 |  | 7.3 |  | 1,031.8 |  | 2.7 |  | 1,041.8 |
Commercial | 7.1 |  | 5.6 |  | 3.1 |  | 15.8 |  | 2,614.3 |  | 18.5 |  | 2,648.6 |
Agricultural | 1.5 |  | 0.6 |  | 0.7 |  | 2.8 |  | 276.9 |  | 3.1 |  | 282.8 |
Other, including overdrafts | — |  | — |  | — |  | — |  | 3.7 |  | — |  | 3.7 |
Loans held for investment | $ | 43.5 |  | $ | 13.3 |  | $ | 7.7 |  | $ | 64.5 |  | $ | 9,959.4 |  | $ | 49.9 |  | $ | 10,073.8 |
|  |  |  | Total Loans |  |  |
| 30 - 59 | 60 - 89 | > 90 | 30 or More |  |  |
| Days | Days | Days | Days | Current | Non-accrual | Total
As of December 31, 2019 | Past Due | Past Due | Past Due | Past Due | Loans | Loans (1) | Loans
Real estate |  |  |  |  |  |  |
Commercial | $ | 5.5 |  | $ | 1.1 |  | $ | 0.6 |  | $ | 7.2 |  | $ | 3,467.6 |  | $ | 13.0 |  | $ | 3,487.8 |
Construction: |  |  |  |  |  |  |
Land acquisition & development | 0.7 |  | 0.8 |  | 0.3 |  | 1.8 |  | 298.9 |  | 1.4 |  | 302.1 |
Residential | 1.5 |  | 0.8 |  | — |  | 2.3 |  | 241.8 |  | — |  | 244.1 |
Commercial | — |  | — |  | — |  | — |  | 431.0 |  | 0.5 |  | 431.5 |
Total construction loans | 2.2 |  | 1.6 |  | 0.3 |  | 4.1 |  | 971.7 |  | 1.9 |  | 977.7 |
Residential | 3.8 |  | 1.4 |  | 1.1 |  | 6.3 |  | 1,235.2 |  | 4.6 |  | 1,246.1 |
Agricultural | 0.8 |  | 0.5 |  | — |  | 1.3 |  | 220.1 |  | 5.2 |  | 226.6 |
Total real estate loans | 12.3 |  | 4.6 |  | 2.0 |  | 18.9 |  | 5,894.6 |  | 24.7 |  | 5,938.2 |
Consumer: |  |  |  |  |  |  |
Indirect consumer | 7.6 |  | 1.9 |  | 0.5 |  | 10.0 |  | 773.0 |  | 1.6 |  | 784.6 |
Other consumer | 1.2 |  | 0.5 |  | 0.1 |  | 1.8 |  | 176.7 |  | 0.5 |  | 179.0 |
Credit card | 0.8 |  | 0.5 |  | 0.8 |  | 2.1 |  | 79.5 |  | — |  | 81.6 |
Total consumer loans | 9.6 |  | 2.9 |  | 1.4 |  | 13.9 |  | 1,029.2 |  | 2.1 |  | 1,045.2 |
Commercial | 4.8 |  | 2.6 |  | 2.3 |  | 9.7 |  | 1,650.3 |  | 13.7 |  | 1,673.7 |
Agricultural | 0.9 |  | 0.1 |  | — |  | 1.0 |  | 275.7 |  | 2.4 |  | 279.1 |
Other, including overdrafts | — |  | — |  | — |  | — |  | — |  | — |  | — |
Loans held for investment | $ | 27.6 |  | $ | 10.2 |  | $ | 5.7 |  | $ | 43.5 |  | $ | 8,849.8 |  | $ | 42.9 |  | $ | 8,936.2 |
(1) As of June 30, 2020 and December 31, 2019, none of our non-accrual loans were earning interest income. Additionally, no material interest income was recognized on non-accrual loans during the three and six months ended June 30, 2020 and 2019, respectively. Accrued interest of $0.2 million and $0.4 million was reversed during the three and six months ended June 30, 2020 and 2019, respectively.
Schedule of Acquired Loans with Credit Impairment | Information regarding IIBK loans acquired deemed credit impaired as of the April 8, 2019 acquisition date are as follows:
Contractually required principal and interest payments | $ | 24.1 |
Contractual cash flows not expected to be collected (“non-accretable discount”) | 3.9 |
Cash flows expected to be collected | 20.2 |
Interest component of cash flows expected to be collected (“accretable discount”) | 3.4 |
Fair value of acquired credit-impaired loans | $ | 16.8 |
Schedule of Recorded Investment in Criticized Loans by Class and Credit Quality Indicator | The following tables present the recorded investment of our other loan portfolios based on the credit risk profile of loans that are performing and loans that are nonperforming as of the periods indicated:
| June 30, 2020 |  |
| Term Loans Amortized Cost Basis by Origination Year |  |
Risk by Collateral | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans Amortized Cost Basis | Total
Commercial multi-family: |  |  |  |  |  |  |  |
Performing | $ | 68.5 |  | $ | 76.7 |  | $ | 31.0 |  | $ | 30.4 |  | $ | 27.8 |  | $ | 101.5 |  | $ | 2.6 |  | $ | 338.5 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 68.5 |  | $ | 76.7 |  | $ | 31.0 |  | $ | 30.4 |  | $ | 27.8 |  | $ | 101.5 |  | $ | 2.6 |  | $ | 338.5 |
Residential 1-4 family: |  |  |  |  |  |  |  |
Performing | $ | 191.0 |  | $ | 129.2 |  | $ | 84.3 |  | $ | 73.3 |  | $ | 86.2 |  | $ | 309.0 |  | $ | — |  | $ | 873.0 |
Nonperforming | — |  | 0.4 |  | — |  | — |  | — |  | 0.7 |  | — |  | 1.1 |
Total | $ | 191.0 |  | $ | 129.6 |  | $ | 84.3 |  | $ | 73.3 |  | $ | 86.2 |  | $ | 309.7 |  | $ | — |  | $ | 874.1 |
Consumer home equity and HELOC: |  |  |  |  |  |  |  |
Performing | $ | 8.7 |  | $ | 10.6 |  | $ | 10.5 |  | $ | 13.2 |  | $ | 5.7 |  | $ | 16.4 |  | $ | 347.8 |  | $ | 412.9 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | 0.4 |  | 0.2 |  | 0.6 |
Total | $ | 8.7 |  | $ | 10.6 |  | $ | 10.5 |  | $ | 13.2 |  | $ | 5.7 |  | $ | 16.8 |  | $ | 348.0 |  | $ | 413.5 |
| June 30, 2020 |  |
| Term Loans Amortized Cost Basis by Origination Year |  |
Risk by Collateral | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans Amortized Cost Basis | Total
Consumer indirect: |  |  |  |  |  |  |  |
Performing | $ | 184.7 |  | $ | 238.8 |  | $ | 152.5 |  | $ | 100.4 |  | $ | 67.7 |  | $ | 56.8 |  | $ | — |  | $ | 800.9 |
Nonperforming | — |  | 0.4 |  | 0.2 |  | 0.1 |  | 0.1 |  | 0.2 |  | — |  | 1.0 |
Total | $ | 184.7 |  | $ | 239.2 |  | $ | 152.7 |  | $ | 100.5 |  | $ | 67.8 |  | $ | 57.0 |  | $ | — |  | $ | 801.9 |
Consumer direct and advance line: |  |  |  |  |  |  |  |
Performing | $ | 29.8 |  | $ | 39.4 |  | $ | 39.9 |  | $ | 17.0 |  | $ | 8.0 |  | $ | 11.2 |  | $ | 23.5 |  | $ | 168.8 |
Nonperforming | — |  | 0.1 |  | 0.1 |  | 0.1 |  | — |  | — |  | 0.2 |  | 0.5 |
Total | $ | 29.8 |  | $ | 39.5 |  | $ | 40.0 |  | $ | 17.1 |  | $ | 8.0 |  | $ | 11.2 |  | $ | 23.7 |  | $ | 169.3 |
The Company evaluates the credit quality and loan performance for the allowance for credit loan losses of the following segments based on the aforementioned risk scale:
| June 30, 2020 |  |
| Term Loans Amortized Cost Basis by Origination Year |  |
Risk by Collateral | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans Amortized Cost Basis | Total
Commercial real estate non-owner occupied: |  |  |  |  |  |  |  |
Pass | $ | 257.6 |  | $ | 326.4 |  | $ | 224.7 |  | $ | 120.7 |  | $ | 169.4 |  | $ | 385.0 |  | $ | 20.0 |  | $ | 1,503.8 |
Special mention | — |  | 3.2 |  | 1.3 |  | 0.1 |  | 0.5 |  | 15.4 |  | — |  | 20.5 |
Substandard | 15.6 |  | 2.8 |  | 0.4 |  | 1.3 |  | 1.3 |  | 14.6 |  | — |  | 36.0 |
Doubtful | — |  | — |  | 0.2 |  | — |  | — |  | — |  | — |  | 0.2 |
Total | $ | 273.2 |  | $ | 332.4 |  | $ | 226.6 |  | $ | 122.1 |  | $ | 171.2 |  | $ | 415.0 |  | $ | 20.0 |  | $ | 1,560.5 |
Commercial real estate owner occupied: |  |  |  |  |  |  |  |
Pass | $ | 219.9 |  | $ | 333.3 |  | $ | 232.7 |  | $ | 160.3 |  | $ | 178.5 |  | $ | 445.1 |  | $ | 15.5 |  | $ | 1,585.3 |
Special mention | 2.9 |  | 7.1 |  | 7.5 |  | 0.9 |  | 9.5 |  | 13.9 |  | 0.3 |  | 42.1 |
Substandard | 6.1 |  | 7.2 |  | 9.7 |  | 5.6 |  | 18.7 |  | 18.6 |  | 0.5 |  | 66.4 |
Doubtful | 0.2 |  | — |  | 0.2 |  | 0.1 |  | 0.4 |  | 0.1 |  | — |  | 1.0 |
Total | $ | 229.1 |  | $ | 347.6 |  | $ | 250.1 |  | $ | 166.9 |  | $ | 207.1 |  | $ | 477.7 |  | $ | 16.3 |  | $ | 1,694.8 |
Land, acquisition and development: |  |  |  |  |  |  |  |
Pass | $ | 60.2 |  | $ | 83.4 |  | $ | 50.3 |  | $ | 36.5 |  | $ | 11.1 |  | $ | 32.5 |  | $ | 5.3 |  | $ | 279.3 |
Special mention | 0.5 |  | 0.1 |  | 0.1 |  | 1.0 |  | — |  | 1.2 |  | 0.2 |  | 3.1 |
Substandard | 0.3 |  | 0.1 |  | 1.2 |  | 0.6 |  | — |  | 0.2 |  | 0.4 |  | 2.8 |
Doubtful | — |  | — |  | — |  | — |  | — |  | 0.1 |  | — |  | 0.1 |
Total | $ | 61.0 |  | $ | 83.6 |  | $ | 51.6 |  | $ | 38.1 |  | $ | 11.1 |  | $ | 34.0 |  | $ | 5.9 |  | $ | 285.3 |
Residential construction: |  |  |  |  |  |  |  |
Pass | $ | 52.5 |  | $ | 99.5 |  | $ | 26.0 |  | $ | 6.4 |  | $ | 0.3 |  | $ | 0.3 |  | $ | 59.7 |  | $ | 244.7 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard | 0.3 |  | — |  | 1.2 |  | — |  | — |  | — |  | — |  | 1.5 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 52.8 |  | $ | 99.5 |  | $ | 27.2 |  | $ | 6.4 |  | $ | 0.3 |  | $ | 0.3 |  | $ | 59.7 |  | $ | 246.2 |
Commercial construction: |  |  |  |  |  |  |  |
Pass | $ | 96.0 |  | $ | 231.9 |  | $ | 85.7 |  | $ | 22.4 |  | $ | 9.8 |  | $ | 0.5 |  | $ | 10.7 |  | $ | 457.0 |
Special mention | — |  | — |  | 1.5 |  | — |  | — |  | — |  | — |  | 1.5 |
Substandard | — |  | 0.8 |  | — |  | — |  | — |  | 0.1 |  | — |  | 0.9 |
Doubtful | — |  | — |  | 0.4 |  | — |  | — |  | — |  | — |  | 0.4 |
Total | $ | 96.0 |  | $ | 232.7 |  | $ | 87.6 |  | $ | 22.4 |  | $ | 9.8 |  | $ | 0.6 |  | $ | 10.7 |  | $ | 459.8 |
Agricultural real estate: |  |  |  |  |  |  |  |
Pass | $ | 24.4 |  | $ | 52.1 |  | $ | 32.1 |  | $ | 20.2 |  | $ | 15.0 |  | $ | 34.0 |  | $ | 6.3 |  | $ | 184.1 |
Special mention | 1.6 |  | 2.8 |  | 1.3 |  | 2.2 |  | 0.4 |  | 3.9 |  | 1.0 |  | 13.2 |
Substandard | 0.1 |  | 8.9 |  | 3.5 |  | 1.0 |  | 3.5 |  | 5.8 |  | 2.1 |  | 24.9 |
Doubtful | — |  | 2.0 |  | — |  | — |  | — |  | — |  | — |  | 2.0 |
Total | $ | 26.1 |  | $ | 65.8 |  | $ | 36.9 |  | $ | 23.4 |  | $ | 18.9 |  | $ | 43.7 |  | $ | 9.4 |  | $ | 224.2 |
| June 30, 2020 |  |
| Term Loans Amortized Cost Basis by Origination Year |  |
Risk by Collateral | 2020 | 2019 | 2018 | 2017 | 2016 | Prior | Revolving Loans Amortized Cost Basis | Total
Commercial and floor plans: |  |  |  |  |  |  |  |
Pass | $ | 1,344.6 |  | $ | 196.5 |  | $ | 166.4 |  | $ | 105.5 |  | $ | 53.8 |  | $ | 115.2 |  | $ | 236.3 |  | $ | 2,218.3 |
Special mention | 6.0 |  | 1.6 |  | 1.0 |  | 2.4 |  | 5.1 |  | 0.3 |  | 4.0 |  | 20.4 |
Substandard | 8.4 |  | 13.2 |  | 8.3 |  | 0.7 |  | 4.9 |  | 3.5 |  | 11.5 |  | 50.5 |
Doubtful | 1.9 |  | 5.6 |  | 0.2 |  | 0.1 |  | 0.1 |  | 2.6 |  | 0.3 |  | 10.8 |
Total | $ | 1,360.9 |  | $ | 216.9 |  | $ | 175.9 |  | $ | 108.7 |  | $ | 63.9 |  | $ | 121.6 |  | $ | 252.1 |  | $ | 2,300.0 |
Commercial purpose secured by 1-4 family: |  |  |  |  |  |  |  |
Pass | $ | 40.5 |  | $ | 67.1 |  | $ | 44.2 |  | $ | 27.0 |  | $ | 18.4 |  | $ | 47.8 |  | $ | 20.2 |  | $ | 265.2 |
Special mention | 0.3 |  | 2.0 |  | 0.3 |  | 0.6 |  | 0.5 |  | 1.2 |  | 0.4 |  | 5.3 |
Substandard | 0.2 |  | 3.6 |  | 4.5 |  | 0.5 |  | 1.3 |  | 1.8 |  | 0.1 |  | 12.0 |
Doubtful | — |  | 0.1 |  | 0.1 |  | — |  | — |  | — |  | 0.1 |  | 0.3 |
Total | $ | 41.0 |  | $ | 72.8 |  | $ | 49.1 |  | $ | 28.1 |  | $ | 20.2 |  | $ | 50.8 |  | $ | 20.8 |  | $ | 282.8 |
Agricultural: |  |  |  |  |  |  |  |
Pass | $ | 33.8 |  | $ | 28.8 |  | $ | 15.5 |  | $ | 6.5 |  | $ | 4.0 |  | $ | 1.3 |  | $ | 154.4 |  | $ | 244.3 |
Special mention | 2.7 |  | 1.7 |  | 0.4 |  | 0.1 |  | 0.1 |  | 0.4 |  | 7.6 |  | 13.0 |
Substandard | 5.9 |  | 2.1 |  | 4.9 |  | 1.4 |  | 0.3 |  | 0.4 |  | 8.6 |  | 23.6 |
Doubtful | — |  | 0.1 |  | — |  | 0.1 |  | — |  | — |  | — |  | 0.2 |
Total | $ | 42.4 |  | $ | 32.7 |  | $ | 20.8 |  | $ | 8.1 |  | $ | 4.4 |  | $ | 2.1 |  | $ | 170.6 |  | $ | 281.1 |
The following table presents the recorded investment in credit card loans based on payment activity:
As of June 30, 2020 | Consumer | Commercial | Agricultural | Total
Credit Card: |  |  |  |
Performing | $ | 70.0 |  | $ | 64.7 |  | $ | 1.7 |  | $ | 136.4 |
Nonperforming | 0.6 |  | 1.1 |  | — |  | 1.7 |
Total | $ | 70.6 |  | $ | 65.8 |  | $ | 1.7 |  | $ | 138.1 |
The following presents the recorded investment in the Company’s loans by risk grades and loan class as of the date shown below:
As of December 31, 2019 | Pass | Other Assets Especially Mentioned | Substandard | Doubtful | Total Criticized Loans | Total Loans
Real estate: |  |  |  |  |  |
Commercial | $ | 3,305.0 |  | $ | 84.7 |  | $ | 97.3 |  | $ | 0.8 |  | $ | 182.8 |  | $ | 3,487.8 |
Construction: |  |  |  |  |  |
Land acquisition & development | 295.4 |  | 3.8 |  | 1.9 |  | 1.0 |  | 6.7 |  | 302.1 |
Residential | 241.0 |  | 0.9 |  | 2.2 |  | — |  | 3.1 |  | 244.1 |
Commercial | 428.3 |  | 1.7 |  | 1.5 |  | — |  | 3.2 |  | 431.5 |
Total construction loans | 964.7 |  | 6.4 |  | 5.6 |  | 1.0 |  | 13.0 |  | 977.7 |
Residential | 1,235.4 |  | 2.6 |  | 7.8 |  | 0.3 |  | 10.7 |  | 1,246.1 |
Agricultural | 185.7 |  | 14.3 |  | 26.6 |  | — |  | 40.9 |  | 226.6 |
Total real estate loans | 5,690.8 |  | 108.0 |  | 137.3 |  | 2.1 |  | 247.4 |  | 5,938.2 |
Consumer: |  |  |  |  |  |
Indirect consumer | 781.5 |  | 0.2 |  | 2.9 |  | — |  | 3.1 |  | 784.6 |
Direct consumer | 177.7 |  | 0.4 |  | 0.8 |  | 0.1 |  | 1.3 |  | 179.0 |
Credit card | 81.6 |  | — |  | — |  | — |  | — |  | 81.6 |
Total consumer loans | 1,040.8 |  | 0.6 |  | 3.7 |  | 0.1 |  | 4.4 |  | 1,045.2 |
Commercial | 1,569.4 |  | 40.4 |  | 60.3 |  | 3.6 |  | 104.3 |  | 1,673.7 |
Agricultural | 247.8 |  | 8.5 |  | 22.7 |  | 0.1 |  | 31.3 |  | 279.1 |
Total | $ | 8,548.8 |  | $ | 157.5 |  | $ | 224.0 |  | $ | 5.9 |  | $ | 387.4 |  | $ | 8,936.2 |

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