XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Loans Held for Investment (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Receivables [Abstract] |
Schedule of Loans by Class | The following table presents loans by class of receivable and portfolio segment as of the dates indicated:
| March 31, 2024 |  | December 31, 2023
Real estate: |  |  |
Commercial | $ | 9,060.4 |  |  | $ | 8,869.2 |
Construction | 1,609.2 |  |  | 1,826.5 |
Residential | 2,258.4 |  |  | 2,244.3 |
Agricultural | 719.7 |  |  | 716.8 |
Total real estate | 13,647.7 |  |  | 13,656.8 |
Consumer: |  |  |
Indirect | 739.9 |  |  | 740.9 |
Direct and advance lines | 136.7 |  |  | 141.6 |
Credit card | 72.6 |  |  | 76.5 |
Total consumer | 949.2 |  |  | 959.0 |
Commercial | 2,922.2 |  |  | 2,906.8 |
Agricultural | 696.0 |  |  | 769.4 |
Other, including overdrafts | 0.2 |  |  | 0.1 |
Loans held for investment | 18,215.3 |  |  | 18,292.1 |
Deferred loan fees and costs | (12.5) |  |  | (12.5) |
Loans held for investment, net of deferred fees and costs | 18,202.8 |  |  | 18,279.6 |
Allowance for credit losses | (227.7) |  |  | (227.7) |
Net loans held for investment | $ | 17,975.1 |  |  | $ | 18,051.9 |
Schedule of Allowance for Loan Losses by Portfolio Segment | The following tables represent, by loan portfolio segments, the activity in the allowance for credit losses for loans held for investment:
Three Months Ended March 31, 2024 | Beginning Balance |  | Provision for (reversal of) Credit Losses | Loans Charged-Off(2) | Recoveries Collected | Ending Balance
Allowance for credit losses (1) |  |  |  |  |  |
Real estate | $ | 160.1 |  |  | $ | (4.7) |  | $ | (3.2) |  | $ | 0.7 |  | $ | 152.9 |
Consumer | 13.0 |  |  | 2.4 |  | (3.8) |  | 1.0 |  | 12.6 |
Commercial | 50.2 |  |  | 11.2 |  | (4.0) |  | 0.6 |  | 58.0 |
Agricultural | 4.4 |  |  | (0.5) |  | — |  | 0.3 |  | 4.2 |
Total allowance for credit losses | $ | 227.7 |  |  | $ | 8.4 |  | $ | (11.0) |  | $ | 2.6 |  | $ | 227.7 |
Three Months Ended March 31, 2023 | Beginning Balance |  | Provision for (reversal of) Credit Losses | Loans Charged-Off(2) | Recoveries Collected | Ending Balance
Allowance for credit losses (1) |  |  |  |  |  |
Real estate | $ | 138.7 |  |  | $ | 13.4 |  | $ | (4.8) |  | $ | 0.2 |  | $ | 147.5 |
Consumer | 23.3 |  |  | 0.7 |  | (3.4) |  | 1.2 |  | 21.8 |
Commercial | 54.9 |  |  | (0.8) |  | (0.7) |  | 1.0 |  | 54.4 |
Agricultural | 3.2 |  |  | (1.1) |  | — |  | 0.3 |  | 2.4 |
Total allowance for credit losses | $ | 220.1 |  |  | $ | 12.2 |  | $ | (8.9) |  | $ | 2.7 |  | $ | 226.1 |
(1) Amounts presented exclude the allowance for credit losses related to unfunded commitments and investment securities. The allowance for credit losses related to unfunded commitments and investment securities are included in the “Financial Instruments with Off-Balance Sheet Risk” Note and “Investment Securities” Note, respectively.
(2) Loans, or portions thereof, are charged-off against the allowance for credit losses when management believes the collectability of the principal is unlikely, or, with respect to consumer installment loans, according to an established delinquency schedule.
Schedule of Recorded Investment in Impaired Loans | The following tables present the principal balance of collateral-dependent loans by class of receivable as of the dates indicated:
| Collateral Type
As of March 31, 2024 | Business Assets | Real Property | Other | Total
Real estate: |  |  |  |
Commercial | $ | — |  | $ | 35.2 |  | $ | — |  | $ | 35.2 |
Construction | — |  | 16.2 |  | — |  | 16.2 |
Residential | — |  | 0.5 |  | — |  | 0.5 |
Agricultural | — |  | 1.1 |  | — |  | 1.1 |
Total real estate | — |  | 53.0 |  | — |  | 53.0 |
Commercial | 60.6 |  | 1.0 |  | 0.7 |  | 62.3 |
Agricultural | 0.5 |  | 0.4 |  | 0.2 |  | 1.1 |
Total collateral-dependent loans | $ | 61.1 |  | $ | 54.4 |  | $ | 0.9 |  | $ | 116.4 |
| Collateral Type
As of December 31, 2023 | Business Assets | Real Property | Other | Total
Real estate: |  |  |  |
Commercial | $ | — |  | $ | 26.6 |  | $ | — |  | $ | 26.6 |
Construction | — |  | 17.0 |  | — |  | 17.0 |
Residential | — |  | 0.5 |  | — |  | 0.5 |
Agricultural | — |  | 1.2 |  | — |  | 1.2 |
Total real estate | — |  | 45.3 |  | — |  | 45.3 |
Commercial | 4.5 |  | 1.4 |  | 0.7 |  | 6.6 |
Agricultural | 0.7 |  | — |  | — |  | 0.7 |
Total collateral-dependent loans | $ | 5.2 |  | $ | 46.7 |  | $ | 0.7 |  | $ | 52.6 |
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 90 days or more past due continue to accrue interest. The following tables present the contractual aging of the Company’s recorded principal balance of loans by class of receivable as of the dates indicated:
|  |  |  | Total Loans |  |  |  |
| 30 - 59 | 60 - 89 | 90 or more | 30 or More |  |  |  |
| Days | Days | Days | Days | Current | Non-accrual | Total |
As of March 31, 2024 | Past Due | Past Due | Past Due | Past Due | Loans | Loans (1) | Loans |
Real estate: |  |  |  |  |  |  |  |
Commercial | $ | 1.5 |  | $ | 0.2 |  | $ | — |  | $ | 1.7 |  | $ | 9,021.7 |  | $ | 37.0 |  | $ | 9,060.4 |  |
Construction | 0.9 |  | 1.2 |  | 0.1 |  | 2.2 |  | 1,590.7 |  | 16.3 |  | 1,609.2 |  |
Residential | 13.2 |  | 0.3 |  | 0.9 |  | 14.4 |  | 2,231.5 |  | 12.5 |  | 2,258.4 |  |
Agricultural | 0.1 |  | 5.6 |  | — |  | 5.7 |  | 709.1 |  | 4.9 |  | 719.7 |  |
Total real estate | 15.7 |  | 7.3 |  | 1.0 |  | 24.0 |  | 13,553.0 |  | 70.7 |  | 13,647.7 |  |
Consumer: |  |  |  |  |  |  |  |
Indirect | 6.1 |  | 1.9 |  | 0.3 |  | 8.3 |  | 728.2 |  | 3.4 |  | 739.9 |  |
Direct | 0.8 |  | 0.4 |  | 0.1 |  | 1.3 |  | 135.0 |  | 0.4 |  | 136.7 |  |
Credit card | 0.5 |  | 0.2 |  | 0.7 |  | 1.4 |  | 71.2 |  | — |  | 72.6 |  |
Total consumer | 7.4 |  | 2.5 |  | 1.1 |  | 11.0 |  | 934.4 |  | 3.8 |  | 949.2 |  |
Commercial | 10.3 |  | 0.5 |  | 0.8 |  | 11.6 |  | 2,843.0 |  | 67.6 |  | 2,922.2 |  |
Agricultural | 19.1 |  | — |  | 0.1 |  | 19.2 |  | 646.9 |  | 29.9 |  | 696.0 |  |
Other, including overdrafts | — |  | — |  | — |  | — |  | 0.2 |  | — |  | 0.2 |  |
Loans held for investment | $ | 52.5 |  | $ | 10.3 |  | $ | 3.0 |  | $ | 65.8 |  | $ | 17,977.5 |  | $ | 172.0 |  | $ | 18,215.3 |  |
|  |  |  | Total Loans |  |  |  |
| 30 - 59 | 60 - 89 | 90 or more | 30 or More |  |  |  |
| Days | Days | Days | Days | Current | Non-accrual | Total |
As of December 31, 2023 | Past Due | Past Due | Past Due | Past Due | Loans | Loans (1) | Loans |
Real estate: |  |  |  |  |  |  |  |
Commercial | $ | 12.7 |  | $ | 6.1 |  | $ | — |  | $ | 18.8 |  | $ | 8,822.2 |  | $ | 28.2 |  | $ | 8,869.2 |  |
Construction | 3.1 |  | 0.4 |  | — |  | 3.5 |  | 1,805.8 |  | 17.2 |  | 1,826.5 |  |
Residential | 11.9 |  | 3.1 |  | 0.6 |  | 15.6 |  | 2,218.0 |  | 10.7 |  | 2,244.3 |  |
Agricultural | 1.8 |  | — |  | — |  | 1.8 |  | 709.6 |  | 5.4 |  | 716.8 |  |
Total real estate | 29.5 |  | 9.6 |  | 0.6 |  | 39.7 |  | 13,555.6 |  | 61.5 |  | 13,656.8 |  |
Consumer: |  |  |  |  |  |  |  |
Indirect | 8.0 |  | 2.2 |  | 0.4 |  | 10.6 |  | 727.6 |  | 2.7 |  | 740.9 |  |
Direct | 0.9 |  | 0.2 |  | — |  | 1.1 |  | 140.2 |  | 0.3 |  | 141.6 |  |
Credit card | 0.7 |  | 0.5 |  | 0.6 |  | 1.8 |  | 74.7 |  | — |  | 76.5 |  |
Total consumer | 9.6 |  | 2.9 |  | 1.0 |  | 13.5 |  | 942.5 |  | 3.0 |  | 959.0 |  |
Commercial | 14.5 |  | 1.1 |  | 0.3 |  | 15.9 |  | 2,879.4 |  | 11.5 |  | 2,906.8 |  |
Agricultural | 0.1 |  | — |  | 3.0 |  | 3.1 |  | 735.9 |  | 30.4 |  | 769.4 |  |
Other, including overdrafts | — |  | — |  | — |  | — |  | 0.1 |  | — |  | 0.1 |  |
Loans held for investment | $ | 53.7 |  | $ | 13.6 |  | $ | 4.9 |  | $ | 72.2 |  | $ | 18,113.5 |  | $ | 106.4 |  | $ | 18,292.1 |  |
(1) As of March 31, 2024 and December 31, 2023, none of our non-accrual loans were earning interest income. Additionally, no material interest income was recognized on non-accrual loans during the three months ended March 31, 2024 and 2023, respectively. There were $1.8 million and $0.3 million in reversals of accrued interest during the three months ended March 31, 2024 and 2023, respectively.
Schedule of Recorded Credit Quality Indicator | The Company evaluates the credit quality and loan performance for the allowance for credit losses of the following class of receivables by origination year using the origination date or the loan’s subsequent renewal or modification date based on the aforementioned risk scale as of and for the periods ended:
| As of and for the three months ended March 31, 2024 |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  |  |
Risk by Collateral | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted To Term | Total
Commercial real estate: |  |  |  |  |  |  |  |  |
Pass | $ | 293.8 |  | $ | 1,426.6 |  | $ | 2,041.5 |  | $ | 1,556.0 |  | $ | 1,195.8 |  | $ | 2,232.6 |  | $ | 50.2 |  | $ | 28.0 |  | $ | 8,824.5 |
Special mention | 1.9 |  | 8.0 |  | 4.5 |  | 25.2 |  | 6.4 |  | 37.5 |  | — |  | — |  | 83.5 |
Substandard | 14.5 |  | 25.0 |  | 14.7 |  | 31.7 |  | 10.1 |  | 54.2 |  | 2.2 |  | — |  | 152.4 |
Total | $ | 310.2 |  | $ | 1,459.6 |  | $ | 2,060.7 |  | $ | 1,612.9 |  | $ | 1,212.3 |  | $ | 2,324.3 |  | $ | 52.4 |  | $ | 28.0 |  | $ | 9,060.4 |
Current-period gross charge-offs | — |  | 2.9 |  | — |  | — |  | — |  | — |  | — |  | — |  | 2.9 |
Construction real estate: |  |  |  |  |  |  |  |  |
Pass | $ | 67.2 |  | $ | 399.3 |  | $ | 666.6 |  | $ | 271.1 |  | $ | 20.8 |  | $ | 36.9 |  | $ | 111.5 |  | $ | 7.3 |  | $ | 1,580.7 |
Special mention | 1.3 |  | 1.4 |  | 6.5 |  | — |  | — |  | 0.3 |  | — |  | — |  | 9.5 |
Substandard | — |  | 0.3 |  | — |  | 0.1 |  | — |  | 0.5 |  | — |  | 5.1 |  | 6.0 |
Doubtful | — |  | — |  | 13.0 |  | — |  | — |  | — |  | — |  | — |  | 13.0 |
Total | $ | 68.5 |  | $ | 401.0 |  | $ | 686.1 |  | $ | 271.2 |  | $ | 20.8 |  | $ | 37.7 |  | $ | 111.5 |  | $ | 12.4 |  | $ | 1,609.2 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | 0.1 |  | — |  | — |  | — |  | 0.1 |
Agricultural real estate: |  |  |  |  |  |  |  |  |
Pass | $ | 26.9 |  | $ | 73.4 |  | $ | 121.9 |  | $ | 125.7 |  | $ | 88.8 |  | $ | 170.9 |  | $ | 30.6 |  | $ | 3.0 |  | $ | 641.2 |
Special mention | 0.3 |  | 6.6 |  | 4.5 |  | 3.3 |  | 2.8 |  | 13.0 |  | 0.2 |  | — |  | 30.7 |
Substandard | 11.3 |  | 4.5 |  | 25.5 |  | 3.8 |  | 1.7 |  | 0.9 |  | 0.1 |  | — |  | 47.8 |
Total | $ | 38.5 |  | $ | 84.5 |  | $ | 151.9 |  | $ | 132.8 |  | $ | 93.3 |  | $ | 184.8 |  | $ | 30.9 |  | $ | 3.0 |  | $ | 719.7 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial: |  |  |  |  |  |  |  |  |
Pass | $ | 133.4 |  | $ | 455.9 |  | $ | 471.7 |  | $ | 371.1 |  | $ | 200.4 |  | $ | 347.9 |  | $ | 785.6 |  | $ | 0.6 |  | $ | 2,766.6 |
Special mention | 1.7 |  | 3.5 |  | 4.6 |  | 1.7 |  | 2.1 |  | 2.5 |  | 9.6 |  | 0.2 |  | 25.9 |
Substandard | 10.3 |  | 15.5 |  | 14.8 |  | 8.0 |  | 7.6 |  | 3.2 |  | 18.1 |  | 1.6 |  | 79.1 |
Doubtful | 1.2 |  | 3.3 |  | 0.9 |  | 0.6 |  | — |  | — |  | 44.6 |  | — |  | 50.6 |
Total | $ | 146.6 |  | $ | 478.2 |  | $ | 492.0 |  | $ | 381.4 |  | $ | 210.1 |  | $ | 353.6 |  | $ | 857.9 |  | $ | 2.4 |  | $ | 2,922.2 |
Current-period gross charge-offs | — |  | 0.1 |  | 0.2 |  | 0.1 |  | 0.1 |  | — |  | 0.6 |  | 2.9 |  | 4.0 |
Agricultural: |  |  |  |  |  |  |  |  |
Pass | $ | 32.8 |  | $ | 86.2 |  | $ | 53.5 |  | $ | 28.2 |  | $ | 19.3 |  | $ | 10.6 |  | $ | 347.8 |  | $ | 4.4 |  | $ | 582.8 |
Special mention | 1.0 |  | 3.6 |  | 0.7 |  | 0.5 |  | 0.1 |  | 0.3 |  | 3.9 |  | — |  | 10.1 |
Substandard | 1.0 |  | 46.2 |  | 0.3 |  | 0.2 |  | 0.7 |  | 29.9 |  | 24.4 |  | — |  | 102.7 |
Doubtful | — |  | — |  | — |  | 0.4 |  | — |  | — |  | — |  | — |  | 0.4 |
Total | $ | 34.8 |  | $ | 136.0 |  | $ | 54.5 |  | $ | 29.3 |  | $ | 20.1 |  | $ | 40.8 |  | $ | 376.1 |  | $ | 4.4 |  | $ | 696.0 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
| December 31, 2023 |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  |  |
Risk by Collateral | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted To Term | Total
Commercial real estate: |  |  |  |  |  |  |  |  |
Pass | $ | 1,268.0 |  | $ | 2,065.0 |  | $ | 1,612.2 |  | $ | 1,200.1 |  | $ | 716.5 |  | $ | 1,660.5 |  | $ | 46.5 |  | $ | 28.1 |  | $ | 8,596.9 |
Special mention | 4.2 |  | 9.1 |  | 42.6 |  | 12.9 |  | 27.5 |  | 17.1 |  | 0.3 |  | — |  | 113.7 |
Substandard | 65.4 |  | 11.8 |  | 18.9 |  | 2.4 |  | 30.1 |  | 28.5 |  | 0.2 |  | — |  | 157.3 |
Doubtful | — |  | — |  | 1.3 |  | — |  | — |  | — |  | — |  | — |  | 1.3 |
Total | $ | 1,337.6 |  | $ | 2,085.9 |  | $ | 1,675.0 |  | $ | 1,215.4 |  | $ | 774.1 |  | $ | 1,706.1 |  | $ | 47.0 |  | $ | 28.1 |  | $ | 8,869.2 |
Current-period gross charge-offs | 1.7 |  | 0.3 |  | 1.7 |  | 2.6 |  | — |  | 1.3 |  | — |  | — |  | 7.6 |
Construction: |  |  |  |  |  |  |  |  |
Pass | $ | 493.7 |  | $ | 735.3 |  | $ | 331.2 |  | $ | 36.7 |  | $ | 16.8 |  | $ | 36.2 |  | $ | 104.4 |  | $ | 13.7 |  | $ | 1,768.0 |
Special mention | 0.5 |  | 6.6 |  | 1.3 |  | — |  | — |  | 0.2 |  | — |  | 0.9 |  | 9.5 |
Substandard | 7.0 |  | 4.0 |  | 24.4 |  | 0.2 |  | — |  | 0.4 |  | — |  | — |  | 36.0 |
Doubtful | — |  | 13.0 |  | — |  | — |  | — |  | — |  | — |  | — |  | 13.0 |
Total | $ | 501.2 |  | $ | 758.9 |  | $ | 356.9 |  | $ | 36.9 |  | $ | 16.8 |  | $ | 36.8 |  | $ | 104.4 |  | $ | 14.6 |  | $ | 1,826.5 |
Current-period gross charge-offs | — |  | — |  | 0.1 |  | — |  | 0.6 |  | — |  | — |  | 9.6 |  | 10.3 |
Agricultural real estate: |  |  |  |  |  |  |  |  |
Pass | $ | 86.2 |  | $ | 123.7 |  | $ | 126.2 |  | $ | 93.5 |  | $ | 56.7 |  | $ | 124.3 |  | $ | 31.8 |  | $ | 7.0 |  | $ | 649.4 |
Special mention | 2.6 |  | 9.5 |  | 3.5 |  | 1.9 |  | 1.5 |  | 11.3 |  | 0.5 |  | — |  | 30.8 |
Substandard | 8.1 |  | 20.8 |  | 3.6 |  | 2.6 |  | 0.4 |  | 1.1 |  | — |  | — |  | 36.6 |
Total | $ | 96.9 |  | $ | 154.0 |  | $ | 133.3 |  | $ | 98.0 |  | $ | 58.6 |  | $ | 136.7 |  | $ | 32.3 |  | $ | 7.0 |  | $ | 716.8 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial: |  |  |  |  |  |  |  |  |
Pass | $ | 481.6 |  | $ | 507.7 |  | $ | 389.8 |  | $ | 215.1 |  | $ | 108.7 |  | $ | 272.9 |  | $ | 762.3 |  | $ | 7.6 |  | $ | 2,745.7 |
Special mention | 7.3 |  | 4.7 |  | 6.6 |  | 3.1 |  | 0.9 |  | 1.9 |  | 14.8 |  | 0.2 |  | 39.5 |
Substandard | 15.8 |  | 19.6 |  | 9.0 |  | 7.0 |  | 1.6 |  | 3.0 |  | 58.8 |  | 0.4 |  | 115.2 |
Doubtful | 3.3 |  | 1.3 |  | 1.6 |  | — |  | — |  | 0.1 |  | 0.1 |  | — |  | 6.4 |
Total | $ | 508.0 |  | $ | 533.3 |  | $ | 407.0 |  | $ | 225.2 |  | $ | 111.2 |  | $ | 277.9 |  | $ | 836.0 |  | $ | 8.2 |  | $ | 2,906.8 |
Current-period gross charge-offs | 0.2 |  | 0.4 |  | 0.5 |  | 0.5 |  | 0.2 |  | 0.1 |  | 1.4 |  | 0.1 |  | 3.4 |
Agricultural: |  |  |  |  |  |  |  |  |
Pass | $ | 105.7 |  | $ | 57.7 |  | $ | 31.6 |  | $ | 22.4 |  | $ | 6.1 |  | $ | 7.2 |  | $ | 421.9 |  | $ | 3.4 |  | $ | 656.0 |
Special mention | 2.6 |  | 0.8 |  | 0.5 |  | 0.2 |  | 0.1 |  | 0.1 |  | 9.0 |  | 3.1 |  | 16.4 |
Substandard | 43.8 |  | 0.3 |  | 2.7 |  | 0.7 |  | 28.8 |  | 2.2 |  | 18.5 |  | — |  | 97.0 |
Total | $ | 152.1 |  | $ | 58.8 |  | $ | 34.8 |  | $ | 23.3 |  | $ | 35.0 |  | $ | 9.5 |  | $ | 449.4 |  | $ | 6.5 |  | $ | 769.4 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
The following tables present the recorded investment of these loan portfolios based on the credit risk profile of loans that are performing and loans that are nonperforming as of the periods indicated:
| As of and for the three months ended March 31, 2024 |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  |  |
Risk by Collateral | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted To Term | Total
Residential: |  |  |  |  |  |  |  |  |
Performing | $ | 1.4 |  | $ | 52.0 |  | $ | 401.5 |  | $ | 515.8 |  | $ | 487.4 |  | $ | 293.5 |  | $ | 471.1 |  | $ | 22.3 |  | $ | 2,245.0 |
Nonperforming | 0.1 |  | 0.9 |  | 2.4 |  | 2.3 |  | 1.6 |  | 6.1 |  | — |  | — |  | 13.4 |
Total | $ | 1.5 |  | $ | 52.9 |  | $ | 403.9 |  | $ | 518.1 |  | $ | 489.0 |  | $ | 299.6 |  | $ | 471.1 |  | $ | 22.3 |  | $ | 2,258.4 |
Current-period gross charge-offs | — |  | 0.1 |  | — |  | 0.1 |  | — |  | — |  | — |  | — |  | 0.2 |
Consumer indirect: |  |  |  |  |  |  |  |  |
Performing | $ | 66.8 |  | $ | 181.8 |  | $ | 239.3 |  | $ | 104.1 |  | $ | 72.0 |  | $ | 72.2 |  | $ | — |  | $ | — |  | $ | 736.2 |
Nonperforming | — |  | 0.6 |  | 1.2 |  | 0.6 |  | 0.5 |  | 0.8 |  | — |  | — |  | 3.7 |
Total | $ | 66.8 |  | $ | 182.4 |  | $ | 240.5 |  | $ | 104.7 |  | $ | 72.5 |  | $ | 73.0 |  | $ | — |  | $ | — |  | $ | 739.9 |
Current-period gross charge-offs | — |  | 0.4 |  | 1.0 |  | 0.3 |  | 0.1 |  | 0.3 |  | — |  | — |  | 2.1 |
Consumer direct and advance lines: |  |  |  |  |  |  |  |  |
Performing | $ | 13.3 |  | $ | 38.0 |  | $ | 28.8 |  | $ | 15.9 |  | $ | 7.8 |  | $ | 8.2 |  | $ | 24.0 |  | $ | 0.2 |  | $ | 136.2 |
Nonperforming | 0.1 |  | 0.2 |  | 0.1 |  | 0.1 |  | — |  | — |  | — |  | — |  | 0.5 |
Total | $ | 13.4 |  | $ | 38.2 |  | $ | 28.9 |  | $ | 16.0 |  | $ | 7.8 |  | $ | 8.2 |  | $ | 24.0 |  | $ | 0.2 |  | $ | 136.7 |
Current-period gross charge-offs | — |  | 0.1 |  | 0.3 |  | 0.1 |  | — |  | 0.5 |  | — |  | — |  | 1.0 |
Consumer credit card: |  |  |  |  |  |  |  |  |
Performing | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 71.9 |  | $ | — |  | $ | 71.9 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | 0.7 |  | — |  | 0.7 |
Total | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 72.6 |  | $ | — |  | $ | 72.6 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | 0.7 |  | — |  | 0.7 |
| December 31, 2023 |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  |  |
Risk by Collateral | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted To Term | Total
Residential: |  |  |  |  |  |  |  |  |
Performing | $ | 44.7 |  | $ | 356.9 |  | $ | 521.3 |  | $ | 500.6 |  | $ | 88.5 |  | $ | 217.1 |  | $ | 471.8 |  | $ | 32.1 |  | $ | 2,233.0 |
Nonperforming | 1.1 |  | 2.1 |  | 1.2 |  | 1.1 |  | 0.7 |  | 5.1 |  | — |  | — |  | 11.3 |
Total | $ | 45.8 |  | $ | 359.0 |  | $ | 522.5 |  | $ | 501.7 |  | $ | 89.2 |  | $ | 222.2 |  | $ | 471.8 |  | $ | 32.1 |  | $ | 2,244.3 |
Current-period gross charge-offs | 0.3 |  | — |  | 0.1 |  | 0.1 |  | — |  | 0.1 |  | — |  | — |  | 0.6 |
Consumer indirect: |  |  |  |  |  |  |  |  |
Performing | $ | 194.9 |  | $ | 264.7 |  | $ | 115.4 |  | $ | 81.1 |  | $ | 32.9 |  | $ | 48.8 |  | $ | — |  | $ | — |  | $ | 737.8 |
Nonperforming | 0.4 |  | 0.9 |  | 0.6 |  | 0.4 |  | 0.2 |  | 0.6 |  | — |  | — |  | 3.1 |
Total | $ | 195.3 |  | $ | 265.6 |  | $ | 116.0 |  | $ | 81.5 |  | $ | 33.1 |  | $ | 49.4 |  | $ | — |  | $ | — |  | $ | 740.9 |
Current-period gross charge-offs | 0.5 |  | 3.2 |  | 1.8 |  | 0.8 |  | 0.3 |  | 0.7 |  | — |  | — |  | 7.3 |
Consumer direct and advance lines: |  |  |  |  |  |  |  |  |
Performing | $ | 44.5 |  | $ | 32.9 |  | $ | 18.5 |  | $ | 9.4 |  | $ | 3.6 |  | $ | 6.0 |  | $ | 26.2 |  | $ | 0.2 |  | $ | 141.3 |
Nonperforming | 0.1 |  | 0.1 |  | 0.1 |  | — |  | — |  | — |  | — |  | — |  | 0.3 |
Total | $ | 44.6 |  | $ | 33.0 |  | $ | 18.6 |  | $ | 9.4 |  | $ | 3.6 |  | $ | 6.0 |  | $ | 26.2 |  | $ | 0.2 |  | $ | 141.6 |
Current-period gross charge-offs | 0.2 |  | 0.5 |  | 0.2 |  | 0.4 |  | 0.1 |  | 2.6 |  | 0.1 |  | — |  | 4.1 |
Consumer credit card: |  |  |  |  |  |  |  |  |
Performing | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 75.9 |  | $ | — |  | $ | 75.9 |
Nonperforming | — |  | — |  | — |  | — |  | — |  | — |  | 0.6 |  | — |  | 0.6 |
Total | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 76.5 |  | $ | — |  | $ | 76.5 |
Current-period gross charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | 2.6 |  | — |  | 2.6 |
Financing Receivable, Troubled Debt Restructuring | The following table presents the amortized cost basis of loans, by class and by type of modification, at March 31, 2024 and 2023 that were both experiencing financial difficulty and modified during the periods indicated. The percentage of the principal balance of loans that were modified to borrowers in financial distress as compared to the principal balance of each class of receivable is also presented below:
Three Months Ended March 31, 2024 | Principal Forgiveness | Term Extension |  | Term Extension and Interest Rate Reduction | Total | % of Total Class of Loans Held for Investment (1)
Real estate: |  |  |  |  |  |
Commercial | $ | — |  | $ | 22.7 |  |  | $ | — |  | $ | 22.7 |  | 0.25 | %
Residential | — |  | 0.1 |  |  | — |  | 0.1 |  | — |
Agricultural | — |  | 6.1 |  |  | — |  | 6.1 |  | 0.85 |
Total real estate | — |  | 28.9 |  |  | — |  | 28.9 |  | 0.21 |
Commercial | — |  | 4.8 |  |  | 5.9 |  | 10.7 |  | 0.37 |
Agricultural | — |  | 1.0 |  |  | — |  | 1.0 |  | 0.14 |
Loans held for investment (2) | $ | — |  | $ | 34.7 |  |  | $ | 5.9 |  | $ | 40.6 |  | 0.22 | %
Three Months Ended March 31, 2023 | Principal Forgiveness | Term Extension |  | Term Extension and Interest Rate Reduction | Total | % of Total Class of Loans Held for Investment (1)
Real estate: |  |  |  |  |  |
Commercial | $ | 1.6 |  | $ | 3.7 |  |  | $ | — |  | $ | 5.3 |  | 0.06 | %
Construction | — |  | 0.2 |  |  | — |  | 0.2 |  | 0.01 |
Residential | 0.1 |  | — |  |  | — |  | 0.1 |  | — |
Agricultural | — |  | 1.2 |  |  | — |  | 1.2 |  | 0.16 |
Total real estate | 1.7 |  | 5.1 |  |  | — |  | 6.8 |  | 0.05 |
Commercial | — |  | 2.6 |  |  | — |  | 2.6 |  | 0.09 |
Agricultural | — |  | 17.8 |  |  | — |  | 17.8 |  | 2.70 |
Loans held for investment (2) | $ | 1.7 |  | $ | 25.5 |  |  | $ | — |  | $ | 27.2 |  | 0.15 | %
(1) Based on the principal balance as of period end, divided by the period end principal balance of the corresponding class of receivables. (2) As of March 31, 2024 and 2023, the Company excluded $0.2 million and $0.3 million, respectively, in accrued interest from the amortized cost of the identified loans. The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the periods indicated:
Three Months Ended March 31, 2024 |  |  | Term Extension and Interest Rate Reduction
| Principal Forgiveness | Weighted-Average Months of Term Extension | Weighted-Average Interest Rate Reduction | Weighted-Average Months of Term Extension | Weighted-Average Interest Rate Reduction
Real estate: |  |  |  |  |
Commercial | $ | — |  | 6.0 | — | % | 0.0 | — | %
Construction | — |  | 0.0 | — |  | 0.0 | — |
Residential | — |  | 11.0 | — |  | 0.0 | — |
Agricultural | — |  | 7.0 | — |  | 0.0 | — |
Total real estate | — |  |  |  |  |
Commercial | — |  | 7.7 | — |  | 5.0 | 1.00 |
Agricultural | — |  | 3.3 | — |  | 0.0 | — |
Loans held for investment (1) | $ | — |  |  |  |  |
Three Months Ended March 31, 2023 |  |  | Term Extension and Interest Rate Reduction
| Principal Forgiveness | Weighted-Average Months of Term Extension | Weighted-Average Interest Rate Reduction | Weighted-Average Months of Term Extension | Weighted-Average Interest Rate Reduction
Real estate: |  |  |  |  |
Commercial | $ | 1.3 |  | 6.1 | — | % | 0.0 | — | %
Construction | — |  | 12.4 | — |  | 0.0 | — |
Residential | 0.3 |  | 37.6 | — |  | 0.0 | — |
Agricultural | — |  | 7.2 | — |  | 0.0 | — |
Total real estate | 1.6 |  |  |  |  |
Commercial | — |  | 10.9 | — |  | 0.0 | — |
Agricultural | — |  | 9.3 | — |  | 0.0 | — |
Loans held for investment (1) | $ | 1.6 |  |  |  |  |
(1) Balances based on loan original contractual terms.

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-15 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-33 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-34 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration