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Loans and Lease Finance Receivables and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Summary of Components of Loans and Lease Finance Receivables, Excluding PCI Loans

The following table provides a summary of total loans and lease finance receivables by type.


	June 30, 2024				December 31, 2023
	(Dollars in thousands)

Commercial real estate	$	6,664,925			$	6,784,505
Construction		52,227				66,734
SBA		267,938				270,619
SBA - Paycheck Protection Program (PPP)		1,757				2,736
Commercial and industrial		956,184				969,895
Dairy & livestock and agribusiness		350,562				412,891
Municipal lease finance receivables		70,889				73,590
SFR mortgage		267,593				269,868
Consumer and other loans		49,771				54,072
Total loans, at amortized cost		8,681,846				8,904,910
Less: Allowance for credit losses		(82,786	)			(86,842	)
Total loans and lease finance receivables, net	$	8,599,060			$	8,818,068

Summary of Loans by Type and Origination Year, According to our Internal Risk Ratings

The following table summarizes loans by type and origination year, according to our internal risk ratings as of the dates presented.


	Origination Year																								Revolving loans amortized				Revolving loans converted to
June 30, 2024	2024				2023				2022				2021				2020				Prior				cost basis				term loans				Total
	(Dollars in thousands)
Commercial real estate loans:
Risk Rating:
Pass	$	129,875			$	439,124			$	1,273,312			$	1,102,354			$	840,945			$	2,347,375			$	181,405			$	38,646			$	6,353,036
Special Mention		9,500				4,530				17,874				20,089				38,870				121,598				1,828				—				214,289
Substandard		—				837				9,267				6,249				26,095				53,438				1,714				—				97,600
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Commercial real estate loans:	$	139,375			$	444,491			$	1,300,453			$	1,128,692			$	905,910			$	2,522,411			$	184,947			$	38,646			$	6,664,925
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	2,258			$	—			$	—			$	2,258

Construction loans:
Risk Rating:
Pass	$	1,601			$	2,956			$	15,222			$	22,301			$	8,078			$	—			$	—			$	—			$	50,158
Special Mention		—				—				—				—				—				—				—				—				—
Substandard		—				—				—				2,069				—				—				—				—				2,069
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Construction loans:	$	1,601			$	2,956			$	15,222			$	24,370			$	8,078			$	—			$	—			$	—			$	52,227
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

SBA loans:
Risk Rating:
Pass	$	17,018			$	18,160			$	47,462			$	50,152			$	24,211			$	97,627			$	—			$	—			$	254,630
Special Mention		—				—				1,606				—				4,752				2,907				—				—				9,265
Substandard		—				—				—				—				—				4,043				—				—				4,043
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total SBA loans:	$	17,018			$	18,160			$	49,068			$	50,152			$	28,963			$	104,577			$	—			$	—			$	267,938
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	139			$	—			$	—			$	139

SBA - PPP loans:
Risk Rating:
Pass	$	—			$	—			$	—			$	478			$	1,279			$	—			$	—			$	—			$	1,757
Special Mention		—				—				—				—				—				—				—				—				—
Substandard		—				—				—				—				—				—				—				—				—
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total SBA - PPP loans:	$	—			$	—			$	—			$	478			$	1,279			$	—			$	—			$	—			$	1,757
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial and industrial loans:
Risk Rating:
Pass	$	52,068			$	126,396			$	127,154			$	77,749			$	76,560			$	141,745			$	314,046			$	5,625			$	921,343
Special Mention		703				7,431				1,105				2,721				602				2,620				8,104				6,877				30,163
Substandard		—				1,479				275				—				—				24				2,487				413				4,678
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Commercial and industrial loans:	$	52,771			$	135,306			$	128,534			$	80,470			$	77,162			$	144,389			$	324,637			$	12,915			$	956,184
Current YTD Period: Gross charge-offs	$	—			$	—			$	300			$	—			$	—			$	1,186			$	—			$	431			$	1,917


	Origination Year																								Revolving loans amortized				Revolving loans converted to
June 30, 2024	2024				2023				2022				2021				2020				Prior				cost basis				term loans				Total
	(Dollars in thousands)
Dairy & livestock and agribusiness loans:
Risk Rating:
Pass	$	225			$	—			$	—			$	640			$	903			$	216			$	240,963			$	—			$	242,947
Special Mention		—				417				—				—				—				—				92,042				—				92,459
Substandard		—				—				—				—				—				60				12,442				2,654				15,156
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Dairy & livestock and agribusiness loans:	$	225			$	417			$	—			$	640			$	903			$	276			$	345,447			$	2,654			$	350,562
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Municipal lease finance receivables loans:
Risk Rating:
Pass	$	792			$	—			$	5,374			$	25,661			$	5,604			$	33,317			$	—			$	—			$	70,748
Special Mention		—				—				—				—				—				141				—				—				141
Substandard		—				—				—				—				—				—				—				—				—
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Municipal lease finance receivables loans:	$	792			$	—			$	5,374			$	25,661			$	5,604			$	33,458			$	—			$	—			$	70,889
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

SFR mortgage loans:
Risk Rating:
Pass	$	12,199			$	20,499			$	60,288			$	42,662			$	39,738			$	89,239			$	—			$	—			$	264,625
Special Mention		—				747				—				—				909				429				—				299				2,384
Substandard		—				—				—				—				—				584				—				—				584
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total SFR mortgage loans:	$	12,199			$	21,246			$	60,288			$	42,662			$	40,647			$	90,252			$	—			$	299			$	267,593
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Consumer and other loans:
Risk Rating:
Pass	$	2,588			$	3,735			$	2,835			$	2,283			$	461			$	928			$	34,841			$	1,141			$	48,812
Special Mention		—				—				—				184				—				—				4				173				361
Substandard		—				—				—				—				—				—				—				598				598
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Consumer and other loans:	$	2,588			$	3,735			$	2,835			$	2,467			$	461			$	928			$	34,845			$	1,912			$	49,771
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	1			$	3			$	4

Total Loans, at amortized cost:
Risk Rating:
Pass	$	216,366			$	610,870			$	1,531,647			$	1,324,280			$	997,779			$	2,710,447			$	771,255			$	45,412			$	8,208,056
Special Mention		10,203				13,125				20,585				22,994				45,133				127,695				101,978				7,349				349,062
Substandard		—				2,316				9,542				8,318				26,095				58,149				16,643				3,665				124,728
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Loans at amortized cost:	$	226,569			$	626,311			$	1,561,774			$	1,355,592			$	1,069,007			$	2,896,291			$	889,876			$	56,426			$	8,681,846
Current YTD Period: Total gross charge-offs	$	—			$	—			$	300			$	—			$	—			$	3,583			$	1			$	434			$	4,318


	Origination Year																								Revolving loans amortized				Revolving loans converted to
December 31, 2023	2023				2022				2021				2020				2019				Prior				cost basis				term loans				Total
	(Dollars in thousands)
Commercial real estate loans:
Risk Rating:
Pass	$	447,991			$	1,315,563			$	1,133,331			$	885,590			$	497,541			$	2,041,329			$	171,223			$	38,568			$	6,531,136
Special Mention		3,241				3,897				15,868				19,368				43,824				74,673				2,911				—				163,782
Substandard		744				8,127				2,891				33,401				12,986				30,637				801				—				89,587
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Commercial real estate loans:	$	451,976			$	1,327,587			$	1,152,090			$	938,359			$	554,351			$	2,146,639			$	174,935			$	38,568			$	6,784,505
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Construction loans:
Risk Rating:
Pass	$	1,274			$	15,046			$	22,288			$	8,058			$	—			$	—			$	17,938			$	—			$	64,604
Special Mention		—				—				2,130				—				—				—				—				—				2,130
Substandard		—				—				—				—				—				—				—				—				—
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Construction loans:	$	1,274			$	15,046			$	24,418			$	8,058			$	—			$	—			$	17,938			$	—			$	66,734
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

SBA loans:
Risk Rating:
Pass	$	20,701			$	48,212			$	51,038			$	29,306			$	6,236			$	101,856			$	—			$	—			$	257,349
Special Mention		—				1,627				—				4,784				1,132				1,760				—				—				9,303
Substandard		—				—				—				—				749				3,218				—				—				3,967
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total SBA loans:	$	20,701			$	49,839			$	51,038			$	34,090			$	8,117			$	106,834			$	—			$	—			$	270,619
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	288			$	—			$	—			$	288

SBA - PPP loans:
Risk Rating:
Pass	$	—			$	—			$	699			$	2,037			$	—			$	—			$	—			$	—			$	2,736
Special Mention		—				—				—				—				—				—				—				—				—
Substandard		—				—				—				—				—				—				—				—				—
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total SBA - PPP loans:	$	—			$	—			$	699			$	2,037			$	—			$	—			$	—			$	—			$	2,736
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial and industrial loans:
Risk Rating:
Pass	$	141,080			$	143,847			$	100,059			$	88,743			$	68,352			$	94,027			$	289,539			$	5,460			$	931,107
Special Mention		7,829				738				745				552				4,114				3,986				10,529				5,347				33,840
Substandard		—				257				—				—				89				1,296				2,487				819				4,948
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Commercial and industrial loans:	$	148,909			$	144,842			$	100,804			$	89,295			$	72,555			$	99,309			$	302,555			$	11,626			$	969,895


	Origination Year																								Revolving loans amortized				Revolving loans converted to
December 31, 2023	2023				2022				2021				2020				2019				Prior				cost basis				term loans				Total
	(Dollars in thousands)
Dairy & livestock and agribusiness loans:
Risk Rating:
Pass	$	296			$	—			$	1,586			$	931			$	80			$	208			$	337,525			$	—			$	340,626
Special Mention		448				—				—				—				25				—				69,232				—				69,705
Substandard		—				—				—				—				—				60				2,500				—				2,560
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Dairy & livestock and agribusiness loans:	$	744			$	—			$	1,586			$	931			$	105			$	268			$	409,257			$	—			$	412,891
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Municipal lease finance receivables loans:
Risk Rating:
Pass	$	—			$	5,735			$	25,803			$	5,981			$	4,267			$	31,622			$	—			$	—			$	73,408
Special Mention		—				—				—				—				—				182				—				—				182
Substandard		—				—				—				—				—				—				—				—				—
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Municipal lease finance receivables loans:	$	—			$	5,735			$	25,803			$	5,981			$	4,267			$	31,804			$	—			$	—			$	73,590
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

SFR mortgage loans:
Risk Rating:
Pass	$	22,248			$	61,070			$	43,573			$	44,076			$	28,049			$	67,750			$	—			$	—			$	266,766
Special Mention		789				—				—				918				544				327				—				—				2,578
Substandard		—				—				—				—				—				200				—				324				524
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total SFR mortgage loans:	$	23,037			$	61,070			$	43,573			$	44,994			$	28,593			$	68,277			$	—			$	324			$	269,868
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Consumer and other loans:
Risk Rating:
Pass	$	4,911			$	4,122			$	2,707			$	702			$	644			$	486			$	38,595			$	871			$	53,038
Special Mention		—				—				246				—				—				—				4				173				423
Substandard		—				—				—				—				—				12				1				598				611
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Consumer and other loans:	$	4,911			$	4,122			$	2,953			$	702			$	644			$	498			$	38,600			$	1,642			$	54,072
Current YTD Period: Gross charge-offs	$	—			$	—			$	—			$	—			$	—			$	4			$	—			$	4			$	8

Total Loans, at amortized cost:
Risk Rating:
Pass	$	638,501			$	1,593,595			$	1,381,084			$	1,065,424			$	605,169			$	2,337,278			$	854,820			$	44,899			$	8,520,770
Special Mention		12,307				6,262				18,989				25,622				49,639				80,928				82,676				5,520				281,943
Substandard		744				8,384				2,891				33,401				13,824				35,423				5,789				1,741				102,197
Doubtful & Loss		—				—				—				—				—				—				—				—				—
Total Loans at amortized cost:	$	651,552			$	1,608,241			$	1,402,964			$	1,124,447			$	668,632			$	2,453,629			$	943,285			$	52,160			$	8,904,910

Summary of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans by Type

The following tables present the balance and activity related to the allowance for credit losses for held-for-investment loans by type for the periods presented.


	Three Months Ended June 30, 2024
	Ending Balance March 31, 2024				Charge-offs				Recoveries				Provision for (Recapture of) Credit Losses				Ending Balance June 30, 2024
	(Dollars in thousands)
Commercial real estate	$	69,445			$	—			$	—			$	(40	)		$	69,405
Construction		1,296				—				2				(510	)			788
SBA		2,531				(49	)			18				(4	)			2,496
Commercial and industrial		5,059				—				—				44				5,103
Dairy & livestock and agribusiness		3,252				—				—				523				3,775
Municipal lease finance receivables		194				—				—				(8	)			186
SFR mortgage		483				—				—				15				498
Consumer and other loans		557				(2	)			—				(20	)			535
Total allowance for credit losses	$	82,817			$	(51	)		$	20			$	—			$	82,786


	Three Months Ended June 30, 2023
	Ending Balance March 31, 2023				Charge-offs				Recoveries				Provision for (Recapture of) Credit Losses				Ending Balance June 30, 2023
	(Dollars in thousands)
Commercial real estate	$	67,117			$	—			$	—			$	826			$	67,943
Construction		1,674				—				3				(515	)			1,162
SBA		2,729				(87	)			9				5				2,656
Commercial and industrial		8,963				—				—				158				9,121
Dairy & livestock and agribusiness		4,770				—				3				187				4,960
Municipal lease finance receivables		283				—				—				(10	)			273
SFR mortgage		409				—				—				41				450
Consumer and other loans		595				(1	)			—				(192	)			402
Total allowance for credit losses	$	86,540			$	(88	)		$	15			$	500			$	86,967


	Six Months Ended June 30, 2024
	Ending Balance December 31, 2023				Charge-offs				Recoveries				Provision for (Recapture of) Credit Losses				Ending Balance June 30, 2024
	(Dollars in thousands)
Commercial real estate	$	69,466			$	(2,258	)		$	—			$	2,197			$	69,405
Construction		1,277				—				5				(494	)			788
SBA		2,679				(139	)			81				(125	)			2,496
Commercial and industrial		9,116				(1,917	)			176				(2,272	)			5,103
Dairy & livestock and agribusiness		3,098				—				—				677				3,775
Municipal lease finance receivables		210				—				—				(24	)			186
SFR mortgage		535				—				—				(37	)			498
Consumer and other loans		461				(4	)			—				78				535
Total allowance for credit losses	$	86,842			$	(4,318	)		$	262			$	—			$	82,786


	Six Months Ended June 30, 2023
	Ending Balance December 31, 2022				Charge-offs				Recoveries				Provision for (Recapture of) Credit Losses				Ending Balance June 30, 2023
	(Dollars in thousands)
Commercial real estate	$	64,806			$	—			$	—			$	3,137			$	67,943
Construction		1,702				—				6				(546	)			1,162
SBA		2,809				(181	)			21				7				2,656
Commercial and industrial		10,206				(16	)			14				(1,083	)			9,121
Dairy & livestock and agribusiness		4,400				—				7				553				4,960
Municipal lease finance receivables		296				—				—				(23	)			273
SFR mortgage		366				—				—				84				450
Consumer and other loans		532				(1	)			—				(129	)			402
Total allowance for credit losses	$	85,117			$	(198	)		$	48			$	2,000			$	86,967

Summary of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Excluding PCI Loans by Class of Loans

The following table presents the recorded investment in, and the aging of, past due loans (including nonaccrual loans), by type of loans as of the dates presented.


	June 30, 2024
	30-59 Days Past Due				60-89 Days Past Due				Greater than 89 Days Past Due				Total Past Due				Loans Not Past Due				Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	—			$	43			$	2,311			$	2,354			$	2,391,373			$	2,393,727
Non-owner occupied		—				—				19,597				19,597				4,251,601				4,271,198
Construction
Speculative (1)		—				—				—				—				40,545				40,545
Non-speculative		—				—				—				—				11,682				11,682
SBA		122				—				215				337				267,601				267,938
SBA - PPP		—				—				—				—				1,757				1,757
Commercial and industrial		103				—				2,490				2,593				953,591				956,184
Dairy & livestock and agribusiness		—				—				—				—				350,562				350,562
Municipal lease finance receivables		—				—				—				—				70,889				70,889
SFR mortgage		—				—				—				—				267,593				267,593
Consumer and other loans		—				—				—				—				49,771				49,771
Total loans	$	225			$	43			$	24,613			$	24,881			$	8,656,965			$	8,681,846

(1)

Speculative construction loans are generally for properties where there is no identified buyer or renter.


	December 31, 2023
	30-59 Days Past Due				60-89 Days Past Due				Greater than 89 Days Past Due				Total Past Due				Loans Not Past Due				Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	300			$	—			$	2,505			$	2,805			$	2,430,447			$	2,433,252
Non-owner occupied		16				—				531				547				4,350,706				4,351,253
Construction
Speculative (1)		—				—				—				—				57,921				57,921
Non-speculative		—				—				—				—				8,813				8,813
SBA		—				108				969				1,077				269,542				270,619
SBA - PPP		—				—				—				—				2,736				2,736
Commercial and industrial		12				—				4,253				4,265				965,630				969,895
Dairy & livestock and agribusiness		—				—				—				—				412,891				412,891
Municipal lease finance receivables		—				—				—				—				73,590				73,590
SFR mortgage		201				—				—				201				269,667				269,868
Consumer and other loans		18				—				—				18				54,054				54,072
Total loans	$	547			$	108			$	8,258			$	8,913			$	8,895,997			$	8,904,910

(1)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

Amortized cost of our finance receivables and loans that are on nonaccrual status, including loans with no allowance are presented as of June 30, 2024 and December 31, 2023 by type of loan.


	June 30, 2024
	Nonaccrual with No Allowance for Credit Losses				Total Nonaccrual (1) (3)				Loans Past Due Over 89 Days Still Accruing
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	2,311			$	2,311			$	—
Non-owner occupied		19,597				19,597				—
Construction
Speculative (2)		—				—				—
Non-speculative		—				—				—
SBA		337				337				—
SBA - PPP		—				—				—
Commercial and industrial		2,712				2,712				—
Dairy & livestock and agribusiness		—				—				—
Municipal lease finance receivables		—				—				—
SFR mortgage		—				—				—
Consumer and other loans		—				—				—
Total loans	$	24,957			$	24,957			$	—

(1)

As of June 30, 2024, $223,000 of nonaccruing loans were current, $122,000 were 30-59 days past due, and $24.6 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

(3)

Excludes $157,000 of guaranteed portion of nonaccrual SBA loans that are in process of collection.


	December 31, 2023
	Nonaccrual with No Allowance for Credit Losses				Total Nonaccrual (1)				Loans Past Due Over 89 Days Still Accruing
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	2,505			$	2,505			$	—
Non-owner occupied		548				12,935				—
Construction
Speculative (2)		—				—				—
Non-speculative		—				—				—
SBA		787				969				—
SBA - PPP		—				—				—
Commercial and industrial		908				4,509				—
Dairy & livestock and agribusiness		60				60				—
Municipal lease finance receivables		—				—				—
SFR mortgage		323				324				—
Consumer and other loans		—				—				—
Total loans	$	5,131			$	21,302			$	—

(1)

As of December 31, 2023, $13.0 million of nonaccruing loans were current, $16,000 were 30-59 days past due, and $8.3 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

Summary of Pledged Assets not Separately Reported on Statement of Financial Position

The following table presents the recorded investment in collateral-dependent loans by type of loans as of the date presented.


	June 30, 2024												Number of Loans
	Real Estate				Business Assets				Other				Dependent on Collateral
	(Dollars in thousands)
Commercial real estate	$	21,908			$	—			$	—				7
Construction		—				—				—				—
SBA		166				170				—				3
SBA - PPP		—				—				—				—
Commercial and industrial		—				2,713				—				3
Dairy & livestock and agribusiness		60				—				—				1
Municipal lease finance receivables		—				—				—				—
SFR mortgage		—				—				—				—
Consumer and other loans		—				—				—				—
Total collateral-dependent loans	$	22,134			$	2,883			$	—				14


	December 31, 2023												Number of Loans
	Real Estate				Business Assets				Other				Dependent on Collateral
	(Dollars in thousands)
Commercial real estate	$	15,440			$	—			$	—				5
Construction		—				—				—				—
SBA		749				220				—				4
SBA - PPP		—				—				—				—
Commercial and industrial		392				2,950				1,167				8
Dairy & livestock and agribusiness		60				—				—				1
Municipal lease finance receivables		—				—				—				—
SFR mortgage		324				—				—				1
Consumer and other loans		—				—				—				—
Total collateral-dependent loans	$	16,965			$	3,170			$	1,167				19

Summary of Amortized Cost of Loans Activity

The tables below reflect the amortized cost of loans by type made to borrowers experiencing financial difficulty that were modified as of June 30, 2024 and June 30, 2023.


		Term Extension								Combination-Term Extension and Interest Rate Reduction
		Amortized Cost Basis				% of Total Class of Financing Receivables				Amortized Cost Basis				% of Total Class of Financing Receivables				Total
June 30, 2024
Commercial real estate loans		$	11,209				0.13	%		$	687				0.01	%		$	11,896
Commercial and industrial			3,442				0.04	%			205				0.00	%			3,647
Dairy & livestock and agribusiness			10,820				0.12	%			—				—				10,820
Total		$	25,471							$	892							$	26,363

June 30, 2023
Commercial real estate loans		$	1,579				0.02	%		$	—				—			$	1,579
Commercial and industrial			1,000				0.01	%			—				—				1,000
Dairy & livestock and agribusiness			728				0.01	%			—				—				728
Total		$	3,307							$	—							$	3,307

Summary of Financial Effect of the Loan Activity

The following table describes the financial effect of the loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2024.


Loan Type		Financial Effect

		Term Extension		Combination-Term Extension and Interest Rate Reduction
June 30, 2024
Commercial real estate loans		Added a weighted-average 1.1 years to the life of loans, which reduced monthly payment amounts for the borrowers.		Added a weighted-average 7.6 years to the life of loans, which reduced monthly payment amounts for the borrowers; reduced weighted-average contractual interest rate from 10% to 7.25%.
Commercial and industrial		Added a weighted-average 1.2 years to the life of loans, which reduced monthly payment amounts for the borrowers.		Added a weighted-average 2.0 years to the life of loans, which reduced monthly payment amounts for the borrowers; reduced weighted-average contractual interest rate from 8.75% to 7.75%.
Dairy & livestock and agribusiness		Added a weighted-average 1.1 years to the life of loans, which reduced monthly payment amounts for the borrowers.		—


June 30, 2023
Commercial real estate loans		Added a weighted-average 1.1 years to the life of loans, which reduced monthly payment amounts for the borrowers.		—
Commercial and industrial		Added a weighted-average 0.8 years to the life of loans, which reduced monthly payment amounts for the borrowers.		—
Dairy & livestock and agribusiness		Added a weighted-average 1.4 years to the life of loans, which reduced monthly payment amounts for the borrowers.		—

Summary of Recorded Investments or Past Due Loans At Amortized Cost

The following table presents the recorded investment in, and the aging of, past due loans at amortized cost (including nonaccrual loans), by type of loans, made to borrowers experiencing financial difficulty as of June 30, 2024.


		Payment Status (amortized cost basis)
		Current				30-89 Days Past Due				90+ Days Past Due
		(Dollars in thousands)
Commercial real estate loans		$	11,896			$	—			$	—
Commercial and industrial			3,647				—				—
Dairy & livestock and agribusiness			10,820				—				—
Total		$	26,363			$	—			$	—