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Loans and Allowance (Tables) | 6 Months Ended
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Jun. 30, 2022
Receivables [Abstract] |
Schedule of Composition of Loan Portfolio by Loan Class | The following table illustrates the composition of the Corporation’s loan portfolio by loan class for the periods indicated:
| June 30, 2022 |  | December 31, 2021
Commercial and industrial loans | $ | 3,297,477 |  |  | $ | 2,714,565 |
Agricultural land, production and other loans to farmers | 214,904 |  |  | 246,442 |
Real estate loans: |  |  |
Construction | 745,983 |  |  | 523,066 |
Commercial real estate, non-owner occupied | 2,423,185 |  |  | 2,135,459 |
Commercial real estate, owner occupied | 1,264,563 |  |  | 986,720 |
Residential | 1,813,297 |  |  | 1,159,127 |
Home equity | 586,108 |  |  | 523,754 |
Individuals' loans for household and other personal expenditures | 157,264 |  |  | 146,092 |
Public finance and other commercial loans | 894,636 |  |  | 806,636 |
Loans | $ | 11,397,417 |  |  | $ | 9,241,861 |
Schedule of Credit Quality of Loan Portfolio by Loan Class | The following tables summarize the risk grading of the Corporation’s loan portfolio by loan class and by year of origination for the years indicated. Consumer loans are not risk graded. For the purposes of this disclosure, the consumer loans are classified in the following manner: loans that are less than 30 days past due are Pass, loans 30-89 days past due are Special Mention and loans greater than 89 days past due are Substandard. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Commercial and industrial loan balances as of June 30, 2022 include PPP loans with an origination year of 2021 and 2020 of $32.8 million and $183,000, respectively. Commercial and industrial loan balances as of December 31, 2021 include PPP loans with an origination year of 2021 and 2020 of $100.3 million and $6.3 million, respectively.
| June 30, 2022
| Term Loans (amortized cost basis by origination year) |  | Revolving loans amortized |  | Revolving loans converted |  |
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | cost basis |  | to term |  | Total
Commercial and industrial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 528,192 |  |  | $ | 789,445 |  |  | $ | 243,658 |  |  | $ | 139,336 |  |  | $ | 71,944 |  |  | $ | 46,860 |  |  | $ | 1,311,363 |  |  | $ | 4,614 |  |  | $ | 3,135,412 |
Special Mention | 594 |  |  | 13,589 |  |  | 16,075 |  |  | 4,777 |  |  | 1,416 |  |  | 4,273 |  |  | 29,870 |  |  | — |  |  | 70,594 |
Substandard | 11,674 |  |  | 17,997 |  |  | 6,326 |  |  | 10,982 |  |  | 1,650 |  |  | 2,486 |  |  | 39,694 |  |  | 24 |  |  | 90,833 |
Doubtful | — |  |  | 242 |  |  | — |  |  | — |  |  | 396 |  |  | — |  |  | — |  |  | — |  |  | 638 |
Total Commercial and industrial loans | 540,460 |  |  | 821,273 |  |  | 266,059 |  |  | 155,095 |  |  | 75,406 |  |  | 53,619 |  |  | 1,380,927 |  |  | 4,638 |  |  | 3,297,477 |
Agricultural land, production and other loans to farmers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 29,774 |  |  | 40,906 |  |  | 39,027 |  |  | 18,803 |  |  | 5,249 |  |  | 33,770 |  |  | 44,374 |  |  | — |  |  | 211,903 |
Special Mention | 286 |  |  | — |  |  | 107 |  |  | — |  |  | 203 |  |  | 365 |  |  | — |  |  | — |  |  | 961 |
Substandard | 191 |  |  | — |  |  | 1,441 |  |  | — |  |  | 181 |  |  | 27 |  |  | 200 |  |  | — |  |  | 2,040 |
Total Agricultural land, production and other loans to farmers | 30,251 |  |  | 40,906 |  |  | 40,575 |  |  | 18,803 |  |  | 5,633 |  |  | 34,162 |  |  | 44,574 |  |  | — |  |  | 214,904 |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 211,092 |  |  | 287,493 |  |  | 173,861 |  |  | 26,973 |  |  | 938 |  |  | 4,144 |  |  | 24,514 |  |  | — |  |  | 729,015 |
Special Mention | 12,282 |  |  | 484 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,766 |
Substandard | 15 |  |  | — |  |  | 4,166 |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | 4,202 |
Total Construction | 223,389 |  |  | 287,977 |  |  | 178,027 |  |  | 26,973 |  |  | 938 |  |  | 4,165 |  |  | 24,514 |  |  | — |  |  | 745,983 |
Commercial real estate, non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 298,157 |  |  | 614,117 |  |  | 696,300 |  |  | 215,633 |  |  | 137,646 |  |  | 231,254 |  |  | 38,902 |  |  | 2,180 |  |  | 2,234,189 |
Special Mention | 37,835 |  |  | 37,573 |  |  | 70,120 |  |  | — |  |  | 3,133 |  |  | 3,450 |  |  | — |  |  | — |  |  | 152,111 |
Substandard | 12,769 |  |  | 9,937 |  |  | 9,502 |  |  | — |  |  | 4,503 |  |  | 174 |  |  | — |  |  | — |  |  | 36,885 |
Total Commercial real estate, non-owner occupied | 348,761 |  |  | 661,627 |  |  | 775,922 |  |  | 215,633 |  |  | 145,282 |  |  | 234,878 |  |  | 38,902 |  |  | 2,180 |  |  | 2,423,185 |
Commercial real estate, owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 157,214 |  |  | 350,058 |  |  | 374,793 |  |  | 121,584 |  |  | 62,595 |  |  | 105,425 |  |  | 42,033 |  |  | 3,281 |  |  | 1,216,983 |
Special Mention | 1,251 |  |  | 6,118 |  |  | 1,280 |  |  | 4,793 |  |  | 1,376 |  |  | 4,117 |  |  | 1,773 |  |  | — |  |  | 20,708 |
Substandard | 5,750 |  |  | 4,475 |  |  | 4,154 |  |  | 1,465 |  |  | 2,686 |  |  | 8,312 |  |  | — |  |  | — |  |  | 26,842 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | — |  |  | — |  |  | 30 |
Total Commercial real estate, owner occupied | 164,215 |  |  | 360,651 |  |  | 380,227 |  |  | 127,842 |  |  | 66,657 |  |  | 117,884 |  |  | 43,806 |  |  | 3,281 |  |  | 1,264,563 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 401,780 |  |  | 515,392 |  |  | 427,974 |  |  | 110,687 |  |  | 82,687 |  |  | 254,490 |  |  | 5,773 |  |  | 34 |  |  | 1,798,817 |
Special Mention | 208 |  |  | 1,321 |  |  | 1,300 |  |  | 546 |  |  | 708 |  |  | 3,202 |  |  | — |  |  | 15 |  |  | 7,300 |
Substandard | 397 |  |  | 1,350 |  |  | 2,310 |  |  | 434 |  |  | 1,374 |  |  | 1,160 |  |  | 155 |  |  | — |  |  | 7,180 |
Total Residential | 402,385 |  |  | 518,063 |  |  | 431,584 |  |  | 111,667 |  |  | 84,769 |  |  | 258,852 |  |  | 5,928 |  |  | 49 |  |  | 1,813,297 |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 15,410 |  |  | 71,565 |  |  | 14,848 |  |  | 1,678 |  |  | 1,710 |  |  | 4,651 |  |  | 471,676 |  |  | 92 |  |  | 581,630 |
Special Mention | — |  |  | — |  |  | — |  |  | 46 |  |  | — |  |  | 25 |  |  | 2,229 |  |  | — |  |  | 2,300 |
Substandard | 314 |  |  | 105 |  |  | 98 |  |  | — |  |  | 66 |  |  | 65 |  |  | 1,530 |  |  | — |  |  | 2,178 |
Total Home Equity | 15,724 |  |  | 71,670 |  |  | 14,946 |  |  | 1,724 |  |  | 1,776 |  |  | 4,741 |  |  | 475,435 |  |  | 92 |  |  | 586,108 |
Individuals' loans for household and other personal expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 31,955 |  |  | 53,977 |  |  | 17,534 |  |  | 7,955 |  |  | 7,672 |  |  | 5,169 |  |  | 32,577 |  |  | — |  |  | 156,839 |
Special Mention | — |  |  | 137 |  |  | 122 |  |  | 33 |  |  | 54 |  |  | 59 |  |  | 15 |  |  | — |  |  | 420 |
Substandard | — |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 5 |
Total Individuals' loans for household and other personal expenditures | 31,955 |  |  | 54,118 |  |  | 17,656 |  |  | 7,988 |  |  | 7,726 |  |  | 5,229 |  |  | 32,592 |  |  | — |  |  | 157,264 |
Public finance and other commercial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 109,490 |  |  | 221,473 |  |  | 176,074 |  |  | 99,880 |  |  | 38,171 |  |  | 211,657 |  |  | 37,891 |  |  | — |  |  | 894,636 |
Total Public finance and other commercial loans | 109,490 |  |  | 221,473 |  |  | 176,074 |  |  | 99,880 |  |  | 38,171 |  |  | 211,657 |  |  | 37,891 |  |  | — |  |  | 894,636 |
Loans | $ | 1,866,630 |  |  | $ | 3,037,758 |  |  | $ | 2,281,070 |  |  | $ | 765,605 |  |  | $ | 426,358 |  |  | $ | 925,187 |  |  | $ | 2,084,569 |  |  | $ | 10,240 |  |  | $ | 11,397,417 |
| December 31, 2021
| Term Loans (amortized cost basis by origination year) |  | Revolving loans amortized |  | Revolving loans converted |  |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | cost basis |  | to term |  | Total
Commercial and industrial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,019,757 |  |  | $ | 362,372 |  |  | $ | 144,520 |  |  | $ | 65,165 |  |  | $ | 21,575 |  |  | $ | 30,420 |  |  | $ | 990,335 |  |  | $ | — |  |  | $ | 2,634,144 |
Special Mention | 10,559 |  |  | 11,088 |  |  | 190 |  |  | 730 |  |  | 1,930 |  |  | 1,825 |  |  | 15,026 |  |  | — |  |  | 41,348 |
Substandard | 2,811 |  |  | 2,127 |  |  | 7,432 |  |  | 2,932 |  |  | 431 |  |  | 747 |  |  | 22,593 |  |  | — |  |  | 39,073 |
Total Commercial and industrial loans | 1,033,127 |  |  | 375,587 |  |  | 152,142 |  |  | 68,827 |  |  | 23,936 |  |  | 32,992 |  |  | 1,027,954 |  |  | — |  |  | 2,714,565 |
Agricultural land, production and other loans to farmers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 50,251 |  |  | 45,164 |  |  | 22,195 |  |  | 7,689 |  |  | 6,153 |  |  | 36,074 |  |  | 74,871 |  |  | — |  |  | 242,397 |
Special Mention | — |  |  | 1,543 |  |  | — |  |  | — |  |  | — |  |  | 252 |  |  | 264 |  |  | — |  |  | 2,059 |
Substandard | 524 |  |  | 506 |  |  | 108 |  |  | 371 |  |  | — |  |  | 27 |  |  | 450 |  |  | — |  |  | 1,986 |
Total Agricultural land, production and other loans to farmers | 50,775 |  |  | 47,213 |  |  | 22,303 |  |  | 8,060 |  |  | 6,153 |  |  | 36,353 |  |  | 75,585 |  |  | — |  |  | 246,442 |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 215,167 |  |  | 200,169 |  |  | 63,589 |  |  | 979 |  |  | 1,762 |  |  | 2,453 |  |  | 17,201 |  |  | — |  |  | 501,320 |
Special Mention | 20,737 |  |  | 270 |  |  | — |  |  | — |  |  | — |  |  | 46 |  |  | — |  |  | — |  |  | 21,053 |
Substandard | — |  |  | 693 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 693 |
Total Construction | 235,904 |  |  | 201,132 |  |  | 63,589 |  |  | 979 |  |  | 1,762 |  |  | 2,499 |  |  | 17,201 |  |  | — |  |  | 523,066 |
Commercial real estate, non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 589,296 |  |  | 688,406 |  |  | 227,332 |  |  | 111,971 |  |  | 103,400 |  |  | 126,837 |  |  | 26,779 |  |  | — |  |  | 1,874,021 |
Special Mention | 68,279 |  |  | 149,480 |  |  | — |  |  | — |  |  | — |  |  | 1,723 |  |  | — |  |  | — |  |  | 219,482 |
Substandard | 19,314 |  |  | 14,912 |  |  | 178 |  |  | 1,118 |  |  | 6,156 |  |  | 278 |  |  | — |  |  | — |  |  | 41,956 |
Total Commercial real estate, non-owner occupied | 676,889 |  |  | 852,798 |  |  | 227,510 |  |  | 113,089 |  |  | 109,556 |  |  | 128,838 |  |  | 26,779 |  |  | — |  |  | 2,135,459 |
Commercial real estate, owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 299,186 |  |  | 392,383 |  |  | 92,338 |  |  | 43,252 |  |  | 46,044 |  |  | 48,571 |  |  | 33,998 |  |  | — |  |  | 955,772 |
Special Mention | 5,665 |  |  | 5,953 |  |  | 738 |  |  | 1,532 |  |  | 902 |  |  | 1,301 |  |  | 149 |  |  | — |  |  | 16,240 |
Substandard | 7,025 |  |  | 5,763 |  |  | — |  |  | 53 |  |  | 113 |  |  | 1,754 |  |  | — |  |  | — |  |  | 14,708 |
Total Commercial real estate, owner occupied | 311,876 |  |  | 404,099 |  |  | 93,076 |  |  | 44,837 |  |  | 47,059 |  |  | 51,626 |  |  | 34,147 |  |  | — |  |  | 986,720 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 349,726 |  |  | 353,691 |  |  | 103,028 |  |  | 69,745 |  |  | 55,240 |  |  | 210,669 |  |  | 2,955 |  |  | 73 |  |  | 1,145,127 |
Special Mention | 1,034 |  |  | 1,394 |  |  | 1,456 |  |  | 306 |  |  | 172 |  |  | 2,106 |  |  | — |  |  | — |  |  | 6,468 |
Substandard | 1,004 |  |  | 1,575 |  |  | 335 |  |  | 1,248 |  |  | 108 |  |  | 3,257 |  |  | — |  |  | 5 |  |  | 7,532 |
Total Residential | 351,764 |  |  | 356,660 |  |  | 104,819 |  |  | 71,299 |  |  | 55,520 |  |  | 216,032 |  |  | 2,955 |  |  | 78 |  |  | 1,159,127 |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 63,845 |  |  | 17,556 |  |  | 1,977 |  |  | 2,127 |  |  | 1,250 |  |  | 3,432 |  |  | 427,437 |  |  | 194 |  |  | 517,818 |
Special Mention | — |  |  | 85 |  |  | 48 |  |  | — |  |  | — |  |  | 24 |  |  | 3,451 |  |  | — |  |  | 3,608 |
Substandard | 520 |  |  | — |  |  | — |  |  | 8 |  |  | 91 |  |  | 70 |  |  | 1,639 |  |  | — |  |  | 2,328 |
Total Home Equity | 64,365 |  |  | 17,641 |  |  | 2,025 |  |  | 2,135 |  |  | 1,341 |  |  | 3,526 |  |  | 432,527 |  |  | 194 |  |  | 523,754 |
Individuals' loans for household and other personal expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 67,749 |  |  | 23,452 |  |  | 11,893 |  |  | 11,197 |  |  | 2,008 |  |  | 4,928 |  |  | 24,406 |  |  | — |  |  | 145,633 |
Special Mention | 79 |  |  | 85 |  |  | 50 |  |  | 33 |  |  | 20 |  |  | 58 |  |  | 134 |  |  | — |  |  | 459 |
Total Individuals' loans for household and other personal expenditures | 67,828 |  |  | 23,537 |  |  | 11,943 |  |  | 11,230 |  |  | 2,028 |  |  | 4,986 |  |  | 24,540 |  |  | — |  |  | 146,092 |
Public finance and other commercial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 231,319 |  |  | 178,316 |  |  | 100,679 |  |  | 39,098 |  |  | 105,964 |  |  | 128,942 |  |  | 22,318 |  |  | — |  |  | 806,636 |
Total Public finance and other commercial loans | 231,319 |  |  | 178,316 |  |  | 100,679 |  |  | 39,098 |  |  | 105,964 |  |  | 128,942 |  |  | 22,318 |  |  | — |  |  | 806,636 |
Loans | $ | 3,023,847 |  |  | $ | 2,456,983 |  |  | $ | 778,086 |  |  | $ | 359,554 |  |  | $ | 353,319 |  |  | $ | 605,794 |  |  | $ | 1,664,006 |  |  | $ | 272 |  |  | $ | 9,241,861 |
The tables below present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses. The Level One acquisition added $58.2 million in collateral dependent loans, with a total allowance of $16.9 million.
| June 30, 2022
| Commercial Real Estate |  | Residential Real Estate |  | Other |  | Total |  | Allowance on Collateral Dependent Loans
Commercial and industrial loans | $ | — |  |  | $ | — |  |  | $ | 48,525 |  |  | $ | 48,525 |  |  | $ | 15,166 |
Real estate loans: |  |  |  |  |  |  |  |  |
Construction | — |  |  | 4,056 |  |  | — |  |  | 4,056 |  |  | 649 |
Commercial real estate, non-owner occupied | 24,030 |  |  | — |  |  | — |  |  | 24,030 |  |  | 2,692 |
Commercial real estate, owner occupied | 8,485 |  |  | — |  |  | — |  |  | 8,485 |  |  | 1,027 |
Residential | — |  |  | 2,566 |  |  | — |  |  | 2,566 |  |  | 268 |
Home equity | — |  |  | 382 |  |  | — |  |  | 382 |  |  | 61 |
Loans | $ | 32,515 |  |  | $ | 7,004 |  |  | $ | 48,525 |  |  | $ | 88,044 |  |  | $ | 19,863 |
| December 31, 2021
| Commercial Real Estate |  | Residential Real Estate |  | Other |  | Total |  | Allowance on Collateral Dependent Loans
Commercial and industrial loans | $ | — |  |  | $ | — |  |  | $ | 8,075 |  |  | $ | 8,075 |  |  | $ | 2,672 |
Agricultural land, production and other loans to farmers | 524 |  |  | — |  |  | 251 |  |  | 775 |  |  | — |
Real estate loans: |  |  |  |  |  |  |  |  |
Construction | — |  |  | 685 |  |  | — |  |  | 685 |  |  | 82 |
Commercial real estate, non-owner occupied | 23,652 |  |  | — |  |  | — |  |  | 23,652 |  |  | 5,510 |
Commercial real estate, owner occupied | 1,044 |  |  | — |  |  | — |  |  | 1,044 |  |  | — |
Residential | — |  |  | 4,906 |  |  | — |  |  | 4,906 |  |  | 305 |
Home equity | — |  |  | 394 |  |  | — |  |  | 394 |  |  | 64 |
Loans | $ | 25,220 |  |  | $ | 5,985 |  |  | $ | 8,326 |  |  | $ | 39,531 |  |  | $ | 8,633 |
Schedule of 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 periods indicated:
| June 30, 2022
| Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or More Past Due |  | Total |  | Loans > 90 Days or More Past Due And Accruing
Commercial and industrial loans | $ | 3,290,767 |  |  | $ | 5,344 |  |  | $ | 124 |  |  | $ | 1,242 |  |  | $ | 3,297,477 |  |  | $ | 38 |
Agricultural land, production and other loans to farmers | 214,847 |  |  | — |  |  | — |  |  | 57 |  |  | 214,904 |  |  | — |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Construction | 731,495 |  |  | 621 |  |  | 13,759 |  |  | 108 |  |  | 745,983 |  |  | — |
Commercial real estate, non-owner occupied | 2,412,738 |  |  | 1,126 |  |  | 6,312 |  |  | 3,009 |  |  | 2,423,185 |  |  | — |
Commercial real estate, owner occupied | 1,263,864 |  |  | 256 |  |  | 145 |  |  | 298 |  |  | 1,264,563 |  |  | — |
Residential | 1,803,199 |  |  | 5,241 |  |  | 1,683 |  |  | 3,174 |  |  | 1,813,297 |  |  | 554 |
Home equity | 582,181 |  |  | 1,593 |  |  | 719 |  |  | 1,615 |  |  | 586,108 |  |  | — |
Individuals' loans for household and other personal expenditures | 156,838 |  |  | 306 |  |  | 115 |  |  | 5 |  |  | 157,264 |  |  | — |
Public finance and other commercial loans | 894,636 |  |  | — |  |  | — |  |  | — |  |  | 894,636 |  |  | — |
Loans | $ | 11,350,565 |  |  | $ | 14,487 |  |  | $ | 22,857 |  |  | $ | 9,508 |  |  | $ | 11,397,417 |  |  | $ | 592 |
| December 31, 2021
| Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or More Past Due |  | Total |  | Loans > 90 Days or More Past Due And Accruing
Commercial and industrial loans | $ | 2,708,539 |  |  | $ | 2,602 |  |  | $ | 2,437 |  |  | $ | 987 |  |  | $ | 2,714,565 |  |  | $ | 675 |
Agricultural land, production and other loans to farmers | 246,380 |  |  | 36 |  |  | — |  |  | 26 |  |  | 246,442 |  |  | — |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Construction | 522,349 |  |  | 717 |  |  | — |  |  | — |  |  | 523,066 |  |  | — |
Commercial real estate, non-owner occupied | 2,124,853 |  |  | 3,327 |  |  | — |  |  | 7,279 |  |  | 2,135,459 |  |  | — |
Commercial real estate, owner occupied | 985,785 |  |  | 643 |  |  | — |  |  | 292 |  |  | 986,720 |  |  | — |
Residential | 1,148,294 |  |  | 3,979 |  |  | 4,255 |  |  | 2,599 |  |  | 1,159,127 |  |  | — |
Home equity | 518,643 |  |  | 3,327 |  |  | 281 |  |  | 1,503 |  |  | 523,754 |  |  | 288 |
Individuals' loans for household and other personal expenditures | 145,634 |  |  | 375 |  |  | 83 |  |  | — |  |  | 146,092 |  |  | — |
Public finance and other commercial loans | 806,636 |  |  | — |  |  | — |  |  | — |  |  | 806,636 |  |  | — |
Loans | $ | 9,207,113 |  |  | $ | 15,006 |  |  | $ | 7,056 |  |  | $ | 12,686 |  |  | $ | 9,241,861 |  |  | $ | 963 |
Schedule of Non-Accrual Loans by Loan class | The following table summarizes the Corporation’s non-accrual loans by loan class for the periods indicated:
| June 30, 2022 |  | December 31, 2021 |
| Non-Accrual Loans |  | Non-Accrual Loans with no Allowance for Credit Losses |  | Non-Accrual Loans |  | Non-Accrual Loans with no Allowance for Credit Losses |  |  |  |
Commercial and industrial loans | $ | 7,465 |  |  | $ | 982 |  |  | $ | 7,598 |  |  | $ | 263 |  |  |  |  |
Agricultural land, production and other loans to farmers | 57 |  |  | — |  |  | 631 |  |  | 524 |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Construction | 108 |  |  | — |  |  | 685 |  |  | — |  |  |  |  |
Commercial real estate, non-owner occupied | 19,103 |  |  | 295 |  |  | 23,029 |  |  | 6,133 |  |  |  |  |
Commercial real estate, owner occupied | 5,418 |  |  | 3,642 |  |  | 411 |  |  | — |  |  |  |  |
Residential | 11,511 |  |  | 741 |  |  | 9,153 |  |  | 2,160 |  |  |  |  |
Home equity | 2,289 |  |  | — |  |  | 1,552 |  |  | — |  |  |  |  |
Individuals' loans for household and other personal expenditures | 19 |  |  | — |  |  | 3 |  |  | — |  |  |  |  |
Loans | $ | 45,970 |  |  | $ | 5,660 |  |  | $ | 43,062 |  |  | $ | 9,080 |  |  |  |  |
Schedule of Troubled Debt Restructuring | The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the three and six months ended June 30, 2022 and 2021. There were no trouble debt restructures that occurred in the three months ended June 30, 2022.
|  |  | Three Months Ended June 30, 2021
| Pre- Modification Recorded Balance |  | Term Modification |  |  |  | Combination |  | Post - Modification Recorded Balance |  | Number of Loans
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate, owner occupied | $ | 21 |  |  | $ | — |  |  |  |  | $ | 21 |  |  | $ | 21 |  |  | 1
Residential | 66 |  |  | 66 |  |  |  |  | — |  |  | 66 |  |  | 2
Total | $ | 87 |  |  | $ | 66 |  |  |  |  | $ | 21 |  |  | $ | 87 |  |  | 3 |
|  |  |  | Six Months Ended June 30, 2022
| Pre- Modification Recorded Balance |  |  |  | Rate Modification |  |  |  | Post - Modification Recorded Balance |  | Number of Loans
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 53 |  |  |  |  | $ | 56 |  |  |  |  | $ | 56 |  |  | 1
Total | $ | 53 |  |  |  |  | $ | 56 |  |  |  |  | $ | 56 |  |  | 1 |
|  |  | Six Months Ended June 30, 2021
| Pre- Modification Recorded Balance |  | Term Modification |  | Rate Modification |  | Combination |  | Post - Modification Recorded Balance |  | Number of Loans
Commercial and industrial loans | $ | 348 |  |  | $ | 348 |  |  | $ | — |  |  | $ | — |  |  | $ | 348 |  |  | 2
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate, owner occupied | 21 |  | — |  |  | — |  |  | 21 |  |  | 21 |  | 1
Residential | 691 |  |  | 449 |  |  | 126 |  | 118 |  | 693 |  |  | 9
Total | $ | 1,060 |  |  | $ | 797 |  |  | $ | 126 |  |  | $ | 139 |  |  | $ | 1,062 |  |  | 12 |
The following tables summarize troubled debt restructures that occurred during the twelve months ended June 30, 2022 and 2021, 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. There were no loans that subsequently defaulted during the three months ended June 30, 2022.
|  |  | Six Months Ended June 30, 2022
|  |  |  |  | Number of Loans |  | Recorded Balance
Real estate loans: |  |  |  |  |  |  |
Commercial real estate, owner occupied |  |  |  |  | 1 |  |  | $ | 27 |
Total |  |  |  |  | 1 |  |  | $ | 27 |
| Three Months Ended June 30, 2021 |  | Six Months Ended June 30, 2021
| Number of Loans |  | Recorded Balance |  | Number of Loans |  | Recorded Balance
Commercial and industrial loans | 2 |  |  | $ | 163 |  |  | 2 |  |  | $ | 163 |
Real estate loans: |  |  |  |  |  |  |
Residential | 2 |  |  | $ | 195 |  |  | 2 |  |  | 195 |
Total | 4 |  |  | $ | 358 |  |  | 4 |  |  | $ | 358 |
Schedule of Purchased With Credit Deterioration | The carrying amount of those loans is shown in the table below:
| Level One
Purchase price of loans at acquisition | $ | 41,347 |
CECL Day 1 PCD ACL | 16,599 |
Par value of acquired loans at acquisition | $ | 57,946 |
Schedule of Changes in Allowance for Loan Losses | The following tables summarize changes in the allowance for credit losses by loan segment for the three and six months ended June 30, 2022 and 2021:
| Three Months Ended June 30, 2022
| Commercial |  | Commercial Real Estate |  | Construction |  |  |  |  |  | Consumer & Residential |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |
Balances, March 31, 2022 | $ | 77,637 |  |  | $ | 53,000 |  |  | $ | 20,760 |  |  |  |  |  |  | $ | 44,587 |  |  | $ | 195,984 |
Provision for credit losses | 805 |  |  | (6,393) |  |  | 5,122 |  |  |  |  |  |  | 466 |  |  | — |
CECL Day 1 non-PCD provision for credit losses | 2,957 |  |  | 5,539 |  |  | 871 |  |  |  |  |  |  | 4,588 |  |  | 13,955 |
CECL Day 1 PCD ACL | 12,970 |  |  | 2,981 |  |  | 648 |  |  |  |  |  |  | — |  |  | 16,599 |
Recoveries on loans | 569 |  |  | 201 |  |  | — |  |  |  |  |  |  | 399 |  |  | 1,169 |
Loans charged off | (710) |  |  | — |  |  | — |  |  |  |  |  |  | (722) |  |  | (1,432) |
Balances, June 30, 2022 | $ | 94,228 |  |  | $ | 55,328 |  |  | $ | 27,401 |  |  |  |  |  |  | $ | 49,318 |  |  | $ | 226,275 |
| Six Months Ended June 30, 2022
| Commercial |  | Commercial Real Estate |  | Construction |  | Consumer & Residential |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |
Balances, December 31, 2021 | $ | 69,935 |  |  | $ | 60,665 |  |  | $ | 20,206 |  |  | $ | 44,591 |  |  | $ | 195,397 |
Provision for credit losses | 8,376 |  |  | (14,643) |  |  | 5,676 |  |  | 591 |  |  | — |
CECL Day 1 non-PCD provision for credit losses | 2,957 |  |  | 5,539 |  |  | 871 |  |  | 4,588 |  |  | 13,955 |
CECL Day 1 PCD ACL | 12,970 |  |  | 2,981 |  |  | 648 |  |  | — |  |  | 16,599 |
Recoveries on loans | 708 |  |  | 908 |  |  | — |  |  | 605 |  |  | 2,221 |
Loans charged off | (718) |  |  | (122) |  |  | — |  |  | (1,057) |  |  | (1,897) |
Balances, June 30, 2022 | $ | 94,228 |  |  | $ | 55,328 |  |  | $ | 27,401 |  |  | $ | 49,318 |  |  | $ | 226,275 |
| Three Months Ended June 30, 2021
| Commercial |  | Commercial Real Estate |  | Construction |  |  |  |  |  | Consumer & Residential |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |
Balances, March 31, 2021 | $ | 65,722 |  |  | $ | 70,861 |  |  | $ | 20,182 |  |  |  |  |  |  | $ | 44,317 |  |  | $ | 201,082 |
Provision for credit losses | (1,898) |  |  | 2,842 |  |  | (3,106) |  |  |  |  |  |  | 2,162 |  |  | — |
Recoveries on loans | 152 |  |  | 33 |  |  | 1 |  |  |  |  |  |  | 226 |  |  | 412 |
Loans charged off | (295) |  |  | (1,035) |  |  | — |  |  |  |  |  |  | (389) |  |  | (1,719) |
Balances, June 30, 2021 | $ | 63,681 |  |  | $ | 72,701 |  |  | $ | 17,077 |  |  |  |  |  |  | $ | 46,316 |  |  | $ | 199,775 |
| Six Months Ended June 30, 2021
| Commercial |  | Commercial Real Estate |  | Construction |  | Consumer |  | Residential |  | Consumer & Residential |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |
Balances, December 31, 2020 | $ | 47,115 |  |  | $ | 51,070 |  |  | $ | — |  |  | $ | 9,648 |  |  | $ | 22,815 |  |  | $ | — |  |  | $ | 130,648 |
Credit risk reclassifications | — |  |  | (10,284) |  |  | 10,284 |  |  | (9,648) |  |  | (22,815) |  |  | 32,463 |  |  | — |
Balances, December 31, 2020 after reclassifications | 47,115 |  |  | 40,786 |  |  | 10,284 |  |  | — |  |  | — |  |  | 32,463 |  |  | 130,648 |
Impact of adopting ASC 326 | 20,024 |  |  | 34,925 |  |  | 8,805 |  |  | — |  |  | — |  |  | 10,301 |  |  | 74,055 |
Balances, January 1, 2021 Post-ASC 326 adoption | 67,139 |  |  | 75,711 |  |  | 19,089 |  |  | — |  |  | — |  |  | 42,764 |  |  | 204,703 |
Provision for credit losses | (2,830) |  |  | 1,141 |  |  | (2,011) |  |  | — |  |  | — |  |  | 3,700 |  |  | — |
Recoveries on loans | 340 |  |  | 197 |  |  | 1 |  |  | — |  |  | — |  |  | 568 |  |  | 1,106 |
Loans charged off | (968) |  |  | (4,348) |  |  | (2) |  |  | — |  |  | — |  |  | (716) |  |  | (6,034) |
Balances, June 30, 2021 | $ | 63,681 |  |  | $ | 72,701 |  |  | $ | 17,077 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,316 |  |  | $ | 199,775 |
Schedule of Financial Instruments with Off-balance Sheet Risk | Financial instruments with off-balance sheet risk were as follows:
| June 30, 2022 |  | December 31, 2021
Amounts of commitments: |  |  |
Loan commitments to extend credit | $ | 4,534,577 |  |  | $ | 3,917,215 |
Standby letters of credit | $ | 38,712 |  |  | $ | 34,613 |
Schedule of Allowance for Credit Losses, Off-balance Sheet | The following table details activity in the allowance for credit losses on off-balance sheet commitments:
| Three Months Ended June 30, 2022
Balances, March 31, 2022 | $ | 20,500 |
CECL Day 1 unfunded commitments provision for credit losses | 2,800 |
Balances, June 30, 2022 | $ | 23,300 |

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