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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Composition of Loan Portfolio by Loan Class

The following table illustrates the composition of the Corporation’s loan portfolio by loan class for the years indicated:

			December 31, 2020						December 31, 2019
Commercial and industrial loans			$	2,776,699					$	2,109,879
Agricultural land, production and other loans to farmers			281,884						334,172
Real estate loans:
Construction			484,723						787,568
Commercial real estate, non-owner occupied			2,220,949						1,902,692
Commercial real estate, owner occupied			958,501						909,695
Residential			1,234,741						1,143,217
Home equity			508,259						588,984
Individuals' loans for household and other personal expenditures			129,479						135,989
Public finance and other commercial loans			647,939						547,114
Loans			9,243,174						8,459,310
Allowance for loan losses			(130,648)						(80,284)
Net Loans			$	9,112,526					$	8,379,026

Changes in Allowance for Loan Losses

The following tables summarize changes in the allowance for loan losses by loan segment for the twelve months ended December 31, 2020, 2019, and 2018:

			Twelve Months Ended December 31, 2020
			Commercial						Commercial Real Estate												Consumer						Residential												Total
Allowance for loan losses:
Balances, December 31, 2019			$	32,902					$	28,778											$	4,035					$	14,569											$	80,284
Provision for losses			21,930						22,174												5,996						8,573												58,673
Recoveries on loans			819						431												260						666												2,176
Loans charged off			(8,536)						(313)												(643)						(993)												(10,485)
Balances, December 31, 2020			$	47,115					$	51,070											$	9,648					$	22,815											$	130,648

			Twelve Months Ended December 31, 2019
			Commercial						Commercial Real Estate						Consumer						Residential						Total
Allowance for loan losses:
Balances, December 31, 2018			$	32,657					$	29,609					$	3,964					$	14,322					$	80,552
Provision for losses			733						1,555						239						273						2,800
Recoveries on loans			1,244						1,289						401						619						3,553
Loans charged off			(1,732)						(3,675)						(569)						(645)						(6,621)
Balances, December 31, 2019			$	32,902					$	28,778					$	4,035					$	14,569					$	80,284

			Twelve Months Ended December 31, 2018
			Commercial						Commercial Real Estate						Consumer						Residential						Total
Allowance for loan losses:
Balances, December 31, 2017			$	30,420					$	27,343					$	3,732					$	13,537					$	75,032
Provision for losses			2,097						2,482						679						1,969						7,227
Recoveries on loans			2,456						2,525						302						993						6,276
Loans charged off			(2,316)						(2,741)						(749)						(2,177)						(7,983)
Balances, December 31, 2018			$	32,657					$	29,609					$	3,964					$	14,322					$	80,552

Allowance for Credit Losses and Loan Portfolio by Loan Segment

The tables below show the Corporation’s allowance for loan losses and loan portfolio by loan segment for the years indicated.

			December 31, 2020
			Commercial						Commercial Real Estate						Consumer						Residential						Total
Allowance balances:
Individually evaluated for impairment			$	223					$	12,246					$	—					$	432					$	12,901
Collectively evaluated for impairment			46,892						38,824						9,648						22,383						117,747
Total allowance for loan losses			$	47,115					$	51,070					$	9,648					$	22,815					$	130,648
Loan balances:
Individually evaluated for impairment			$	1,258					$	51,605					$	2					$	3,291					$	56,156
Collectively evaluated for impairment			3,505,863						3,805,808						129,477						1,739,709						9,180,857
Loans acquired with deteriorated credit quality			577						5,584						—						—						6,161
Loans			$	3,507,698					$	3,862,997					$	129,479					$	1,743,000					$	9,243,174

			December 31, 2019
			Commercial						Commercial Real Estate						Consumer						Residential						Total
Allowance balances:
Individually evaluated for impairment			$	—					$	231					$	—					$	458					$	689
Collectively evaluated for impairment			32,902						28,547						4,035						14,111						79,595
Total allowance for loan losses			$	32,902					$	28,778					$	4,035					$	14,569					$	80,284
Loan balances:
Individually evaluated for impairment			$	457					$	8,728					$	4					$	2,520					$	11,709
Collectively evaluated for impairment			2,748,681						3,821,660						135,985						1,727,966						8,434,292
Loans acquired with deteriorated credit quality			1,716						9,878						—						1,715						13,309
Loans			$	2,750,854					$	3,840,266					$	135,989					$	1,732,201					$	8,459,310

Summary of Non-Accrual Loans by Loan class

The following table summarizes the Corporation’s non-accrual loans by loan class for the years indicated:

			December 31, 2020						December 31, 2019
Commercial and industrial loans			$	2,329					$	1,255
Agricultural land, production and other loans to farmers			1,012						1,180
Real estate loans:
Construction			123						977
Commercial real estate, non-owner occupied			46,316						3,351
Commercial real estate, owner occupied			3,040						2,659
Residential			6,517						5,062
Home equity			2,095						1,421
Individuals' loans for household and other personal expenditures			39						44
Total			$	61,471					$	15,949

Composition of Impaired Loans by Loan Class

The following tables show the composition of the Corporation’s impaired loans, related allowance and interest income recognized while impaired by loan class for the years indicated:

			December 31, 2020
			Unpaid Principal Balance						Recorded Investment						Related Allowance						Average Recorded Investment						Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans			$	1,059					$	991					$	—					$	991					$	—
Real estate loans:
Commercial real estate, non-owner occupied			4,958						4,694						—						4,850						145
Commercial real estate, owner occupied			2,125						1,310						—						1,429						—
Residential			957						816						—						840						3
Individuals' loans for household and other personal expenditures			2						2						—						3						—
Total			$	9,101					$	7,813					$	—					$	8,113					$	148
Impaired loans with related allowance:
Commercial and industrial loans			$	268					$	268					$	223					$	267					$	—
Agricultural land, production and other loans to farmers			640						562						3						589						—
Real estate loans:
Commercial real estate, non-owner occupied			44,016						43,715						11,686						44,119						—
Commercial real estate, owner occupied			2,061						1,323						557						1,447						—
Residential			2,041						2,014						352						2,108						70
Home equity			487						461						80						473						14
Total			$	49,513					$	48,343					$	12,901					$	49,003					$	84
Total Impaired Loans			$	58,614					$	56,156					$	12,901					$	57,116					$	232

			December 31, 2019
			Unpaid Principal Balance						Recorded Investment						Related Allowance						Average Recorded Investment						Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans			$	320					$	320					$	—					$	320					$	—
Agricultural land, production and other loans to farmers			752						381						—						542						—
Real estate loans:
Construction			1,206						970						—						1,229						—
Commercial real estate, non-owner occupied			6,202						5,299												5,399						156
Commercial real estate, owner occupied			1,382						306						—						357						—
Residential			93						76						—						77						3
Total			$	9,955					$	7,352					$	—					$	7,924					$	159
Impaired loans with related allowance:
Agricultural land, production and other loans to farmers			$	588					$	585					$	107					$	585					$	—
Real estate loans:
Commercial real estate, owner occupied			2,060						1,324						124						1,324						—
Residential			2,070						2,044						383						2,083						63
Home equity			417						400						75						409						12
Individuals' loans for household and other personal expenditures			4						4						—						4						—
Total			$	5,139					$	4,357					$	689					$	4,405					$	75
Total Impaired Loans			$	15,094					$	11,709					$	689					$	12,329					$	234

			December 31, 2018
			Unpaid Principal Balance						Recorded Investment						Related Allowance						Average Recorded Investment						Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans			$	828					$	806					$	—					$	833					$	—
Agricultural land, production and other loans to farmers			679						679						—						1,213						—
Real estate loans:
Construction			1,352						614						—						835						—
Commercial real estate, non-owner occupied			7,795						6,891						—						10,239						—
Commercial real estate, owner occupied			3,381						2,103												2,202						165
Residential			118						100						—						101						3
Home equity			49						48						—						48						—
Public finance and other commercial loans			353						353						—						353						—
Total			$	14,555					$	11,594					$	—					$	15,824					$	168
Impaired loans with related allowance:
Real estate loans:
Construction			$	7,978					$	7,977					$	1,429					$	7,977					$	—
Commercial real estate, owner occupied			171						171						6						171
Residential			1,958						1,907						362						1,915						57
Home equity			376						358						74						365						10
Individuals' loans for household and other personal expenditures			18						18						1						20						1
Total			$	10,501					$	10,431					$	1,872					$	10,448					$	68
Total Impaired Loans			$	25,056					$	22,025					$	1,872					$	26,272					$	236

Credit Quality of Loan Portfolio by Loan Class

The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class for the years indicated. Consumer non-performing loans include accruing consumer loans 90-days or more delinquent and consumer non-accrual loans. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified date. Loans that evidenced deterioration of credit quality since origination and the probability, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below.

			December 31, 2020
			Commercial Pass						Commercial Special Mention						Commercial Substandard						Commercial Doubtful						Commercial Loss						Consumer Performing						Consumer Non Performing						Total
Commercial and industrial loans			$	2,562,077					$	117,503					$	97,119					$	—					$	—					$	—					$	—					$	2,776,699
Agricultural land, production and other loans to farmers			243,991						26,835						9,885						—						—						1,173						—						281,884
Real estate loans:
Construction			446,846						10,445						5,549						—						—						21,763						120						484,723
Commercial real estate, non-owner occupied			1,979,827						160,304						80,818						—						—						—						—						2,220,949
Commercial real estate, owner occupied			907,566						17,641						33,294						—						—						—						—						958,501
Residential			199,338						2,261						7,058						—						—						1,020,687						5,397						1,234,741
Home equity			12,714						—						989						—						—						492,999						1,557						508,259
Individuals' loans for household and other personal expenditures			—						—						—						—						—						129,440						39						129,479
Public finance and other commercial loans			647,939						—						—						—						—						—						—						647,939
Loans			$	7,000,298					$	334,989					$	234,712					$	—					$	—					$	1,666,062					$	7,113					$	9,243,174

			December 31, 2019
			Commercial Pass						Commercial Special Mention						Commercial Substandard						Commercial Doubtful						Commercial Loss						Consumer Performing						Consumer Non Performing						Total
Commercial and industrial loans			$	1,956,985					$	81,179					$	71,715					$	—					—						$	—					$	—					$	2,109,879
Agricultural land, production and other loans to farmers			291,790						11,008						29,393						—						—						1,981						—						334,172
Real estate loans:
Construction			749,249						1,613						1,634						—						—						35,072						—						787,568
Commercial real estate, non-owner occupied			1,814,187						38,366						50,139						—						—						—						—						1,902,692
Commercial real estate, owner occupied			866,947						14,028						28,720						—						—						—						—						909,695
Residential			196,710						877						8,075						—						—						932,743						4,812						1,143,217
Home equity			24,211						257						682						—						—						562,507						1,327						588,984
Individuals' loans for household and other personal expenditures			—						—						—						—						—						135,944						45						135,989
Public finance and other commercial loans			547,114						—						—						—						—						—						—						547,114
Loans			$	6,447,193					$	147,328					$	190,358					$	—					$	—					$	1,668,247					$	6,184					$	8,459,310

Past Due Aging of Loan Portfolio by Loan Class

The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, for the years indicated:

			December 31, 2020
			Current						30-59 Days Past Due						60-89 Days Past Due						90 Days or More Past Due												Total Past Due						Total						Past due 90+ days and still accruing
Commercial and industrial loans			$	2,761,473					$	5,866					$	6,571					$	2,789											$	15,226					$	2,776,699					$	594
Agricultural land, production and other loans to farmers			280,615						146						226						897												1,269						281,884						—
Real estate loans:
Construction			484,706						—						17						—												17						484,723						—
Commercial real estate, non-owner occupied			2,184,681						2,525						2,109						31,634												36,268						2,220,949						—
Commercial real estate, owner occupied			951,561						4,854						180						1,906												6,940						958,501						—
Residential			1,226,779						3,269						1,429						3,264												7,962						1,234,741						133
Home equity			503,596						2,644						559						1,460												4,663						508,259						19
Individuals' loans for household and other personal expenditures			129,049						334						96						—												430						129,479						—
Public finance and other commercial loans			647,939						—						—						—												—						647,939						—
Loans			$	9,170,399					$	19,638					$	11,187					$	41,950											$	72,775					$	9,243,174					$	746

			December 31, 2019
			Current						30-59 Days Past Due						60-89 Days Past Due						90 Days or More Past Due												Total Past Due						Total						Past due 90+ days and still accruing
Commercial and industrial loans			$	2,105,757					$	3,086					$	154					$	882											$	4,122					$	2,109,879					$	4
Agricultural land, production and other loans to farmers			333,012						46						64						1,050												1,160						334,172						—
Real estate loans:
Construction			785,936						1,632						—						—												1,632						787,568						—
Commercial real estate, non-owner occupied			1,899,190						1,348						544						1,610												3,502						1,902,692						—
Commercial real estate, owner occupied			906,881						976						208						1,630												2,814						909,695						—
Residential			1,134,650						4,976						1,279						2,312												8,567						1,143,217						22
Home equity			584,506						3,083						611						784												4,478						588,984						42
Individuals' loans for household and other personal expenditures			135,445						439						105						—												544						135,989						1
Public finance and other commercial loans			547,114						—						—						—												—						547,114						—
Loans			$	8,432,491					$	15,586					$	2,965					$	8,268											$	26,819					$	8,459,310					$	69

Schedules of Troubled Debt Restructuring

The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the periods ended December 31, 2020 and 2019:

			December 31, 2020
			Pre-Modification Recorded Balance						Post-Modification Recorded Balance						Number of Loans
Commercial and industrial loans			$	654					$	654					3
Agricultural land, production and other loans to farmers			458						458						1
Real estate loans:
Construction			113						123						1
Commercial real estate, owner occupied			107						107						1
Residential			2,730						2,780						38
Home equity			332						332						3
Individuals' loans for household and other personal expenditures			19						19						2
Total			$	4,413					$	4,473					49

			December 31, 2019
			Pre-Modification Recorded Balance						Post-Modification Recorded Balance						Number of Loans
Real estate loans:
Residential			$	636					$	629					11
Home equity			56						61						2
Total			$	692					$	690					13

The following tables summarize the recorded investment of troubled debt restructures as of December 31, 2020 and 2019, by modification type, that occurred during the years indicated:

			December 31, 2020
			Term Modification						Rate Modification						Combination						Total Modification
Commercial and industrial loans			$	585					$	—					$	—					$	585
Real estate loans:
Construction			—						—						120						120
Commercial real estate, owner occupied			103						—						—						103
Residential			2,253						159						220						2,632
Home equity			236						93						—						329
Individuals' loans for household and other personal expenditures			16						—						—						16
Total			$	3,193					$	252					$	340					$	3,785

			December 31, 2019
			Term Modification						Rate Modification						Combination						Total Modification
Real estate loans:
Residential			$	95					$	87					$	432					$	614
Home equity			—						—						61						61
Total			$	95					$	87					$	493					$	675

The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2020 and 2019, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this schedule, a loan is considered in default if it is 30-days or more past due.

			Twelve Months Ended December 31, 2020
			Number of Loans						Recorded Balance
Commercial and industrial loans			2						$	585
Real estate loans:
Residential			8						610
Home equity			1						93
Total			11						$	1,288

			Twelve Months Ended December 31, 2019
			Number of Loans						Recorded Balance
Real estate loans:
Residential			1						$	37
Total			1						$	37

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