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Loans and Allowance for Credit Losses | 9 Months Ended
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Sep. 30, 2021
Loans and Leases Receivable Disclosure [Abstract] |
Loans, Notes, Trade and Other Receivables Disclosure | Loans and Allowance for Credit Losses Loans are presented in the Consolidated Statements of Financial Condition net of deferred fees and costs, and discounts related to purchased loans. Net deferred fees were $2.6 million and $6.0 million as of September 30, 2021 and December 31, 2020, respectively, and discounts on purchased loans were $6.3 million and $7.0 million at September 30, 2021 and December 31, 2020, respectively. The following table provides outstanding balances related to each of our loan types:
|  |  |  |  | September 30, 2021 |  |  |  |  |  | December 31, 2020
|  |  |  |  | (dollars in thousands)
Commercial, financial, agricultural and other |  |  |  |  | $ | 1,224,591 |  |  |  |  |  |  | $ | 1,555,986 |
Time and demand |  |  |  |  | 1,210,694 |  |  |  |  |  |  | 1,541,382 |
Commercial credit cards |  |  |  |  | 13,897 |  |  |  |  |  |  | 14,604 |
Real estate construction |  |  |  |  | 424,016 |  |  |  |  |  |  | 427,221 |
Residential real estate |  |  |  |  | 1,875,375 |  |  |  |  |  |  | 1,750,592 |
Residential first lien |  |  |  |  | 1,254,142 |  |  |  |  |  |  | 1,144,323 |
Residential junior lien/home equity |  |  |  |  | 621,233 |  |  |  |  |  |  | 606,269 |
Commercial real estate |  |  |  |  | 2,231,890 |  |  |  |  |  |  | 2,211,569 |
Multifamily |  |  |  |  | 405,720 |  |  |  |  |  |  | 371,239 |
Nonowner occupied |  |  |  |  | 1,442,845 |  |  |  |  |  |  | 1,421,151 |
Owner occupied |  |  |  |  | 383,325 |  |  |  |  |  |  | 419,179 |
Loans to individuals |  |  |  |  | 976,708 |  |  |  |  |  |  | 815,815 |
Automobile |  |  |  |  | 886,367 |  |  |  |  |  |  | 712,800 |
Consumer credit cards |  |  |  |  | 10,617 |  |  |  |  |  |  | 12,360 |
Consumer other |  |  |  |  | 79,724 |  |  |  |  |  |  | 90,655 |
Total loans |  |  |  |  | $ | 6,732,580 |  |  |  |  |  |  | $ | 6,761,183 |
In the table above, Commercial, financial, agricultural and other loans at September 30, 2021 and December 31, 2020 includes $152.1 million and $478.9 million, respectively, in Paycheck Protection Program ("PPP") loans for small businesses who meet the necessary eligibility requirements. PPP loans are 100% guaranteed by the Small Business Administration ("SBA") under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") and are forgivable, in whole or in part, if the proceeds are used for payroll and other permitted purposes in accordance with the PPP requirements. Because PPP loans are fully guaranteed by the SBA, there is no allowance for credit losses recognized for these loans. Although the Company believes that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program, there could be risks and liability to the Company associated with participation in the program. On March 27, 2020, the CARES Act was signed into law, providing banking organizations with optional, temporary relief from complying with CECL. The Company elected to defer its adoption of CECL until the fourth quarter 2020. At the end of the deferral period, CECL was adopted effective January 1, 2020. The allowance for credit losses for the interim period ending September 30, 2020, was calculated in accordance with previously applicable GAAP. First Commonwealth’s loan portfolio includes five primary loan categories. When calculating the allowance for credit losses these categories are classified into eleven portfolio segments. The composition of loans by portfolio segment includes: Commercial, financial, agricultural and other Time & Demand - Consists primarily of commercial and industrial loans. This category consists of loans that are typically cash flow dependent and therefore have different risk and loss characteristics than other commercial loans. Loans in this category include revolving and term structures with fixed and variable interest rates. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Commercial Credit Cards - Consists of unsecured credit cards for commercial customers. These commercial credit cards have separate characteristics outside of normal commercial non-real estate loans, as they tend to have shorter overall duration. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Real estate construction Includes both 1-4 family and commercial construction loans. The risk and loss characteristics of the construction category are different than other real estate secured categories due to the collateral being at various stages of completion. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and measures of completed construction projects. Residential real estate Residential first lien - Consists of loans with collateral of 1-4 family residencies with a senior lien position. The risk and loss characteristics are unique for this group because the collateral for these loans are the borrower’s primary residence. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and residential property values. Residential Junior Lien/Home Equity - Consists of loans with collateral of 1-4 family residencies with an open end line of credit or junior lien position. The junior lien position for the majority of these loans provides a higher risk of loss than other residential real estate loans. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and residential property values. Commercial real estate Multifamily - Consists of loans secured by commercial multifamily properties. Real estate related to rentals to consumers could provide unique risk and loss characteristics. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of commercial real estate values and rental vacancy. Nonowner Occupied - Consists of loans secured by commercial real estate non-owner occupied and provides different loss characteristics than other real estate categories. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Owner Occupied - Consists of loans secured by commercial real estate owner occupied properties. The risk and loss characteristics of this category were considered different than other real estate categories because it is owner occupied and would impact the ability to conduct business. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Loans to individuals Automobile - Consists of both direct and indirect loans with automobiles and recreational vehicles held as collateral. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and automobile retention value. Consumer Credit Cards – Consists of unsecured consumer credit cards. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and economic conditions measured by GDP. Other Consumer - Consists of lines of credit, student loans and other consumer loans, not secured by real estate or autos. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and the level of household debt. The allowance for credit losses is calculated by pooling loans of similar credit risk characteristics and applying a discounted cash flow methodology after incorporating probability of default and loss given default estimates. Probability of default represents an estimate of the likelihood of default and loss given default measures the expected loss upon default. Inputs impacting the expected losses include a forecast of macroeconomic factors, using a weighted forecast from a nationally recognized firm. Our model incorporates a one-year forecast of macroeconomic factors, after which the factors revert back to the historical mean over a one-year period. The most significant macroeconomic factor used in estimating credit losses is the national unemployment rate. The forecasted value for national unemployment at September 30, 2021 was 5.13% and during the one-year forecast period it was projected to average 5.00%, with a peak of 5.13%. Credit Quality Information As part of the on-going monitoring of credit quality within the loan portfolio, the following credit worthiness categories are used in grading our loans:
Pass |  | Acceptable levels of risk exist in the relationship. Includes all loans not classified as OAEM, substandard or doubtful.
Other Assets Especially Mentioned (OAEM) |  | Potential weaknesses that deserve management’s close attention. The potential weaknesses may result in deterioration of the repayment prospects or weaken the Company’s credit position at some future date. The credit risk may be relatively minor, yet constitute an undesirable risk in light of the circumstances surrounding the specific credit. No loss of principal or interest is expected.
Substandard |  | Well-defined weakness or a weakness that jeopardizes the repayment of the debt. A loan may be classified as substandard as a result of deterioration of the borrower’s financial condition and repayment capacity. Loans for which repayment plans have not been met or collateral equity margins do not protect the Company may also be classified as substandard.
Doubtful |  | Loans with the characteristics of substandard loans with the added characteristic that collection or liquidation in full, on the basis of presently existing facts and conditions, is highly improbable.
The Company’s internal creditworthiness grading system provides a measurement of credit risk based primarily on an evaluation of the borrower’s cash flow and collateral. Category ratings are reviewed each quarter, at which time management analyzes the results, as well as other external statistics and factors related to loan performance. The following tables represent our credit risk profile by creditworthiness:
| September 30, 2021
|  |  | Non-Pass |  |  |  |
| Pass |  | OAEM |  | Substandard |  | Doubtful |  | Loss |  | Total Non-Pass |  | Total
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 1,185,987 |  |  | $ | 12,318 |  |  | $ | 26,286 |  |  | $ | — |  |  | $ | — |  |  | $ | 38,604 |  |  | $ | 1,224,591 |
Time and demand | 1,172,090 |  |  | 12,318 |  |  | 26,286 |  |  | — |  |  | — |  |  | 38,604 |  |  | 1,210,694 |
Commercial credit cards | 13,897 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,897 |
Real estate construction | 422,668 |  |  | 1,294 |  |  | 54 |  |  | — |  |  | — |  |  | 1,348 |  |  | 424,016 |
Residential real estate | 1,867,190 |  |  | 1,516 |  |  | 6,669 |  |  | — |  |  | — |  |  | 8,185 |  |  | 1,875,375 |
Residential first lien | 1,249,248 |  |  | 1,444 |  |  | 3,450 |  |  | — |  |  | — |  |  | 4,894 |  |  | 1,254,142 |
Residential junior lien/home equity | 617,942 |  |  | 72 |  |  | 3,219 |  |  | — |  |  | — |  |  | 3,291 |  |  | 621,233 |
Commercial real estate | 2,084,476 |  |  | 121,883 |  |  | 25,531 |  |  | — |  |  | — |  |  | 147,414 |  |  | 2,231,890 |
Multifamily | 390,579 |  |  | 14,635 |  |  | 506 |  |  | — |  |  | — |  |  | 15,141 |  |  | 405,720 |
Nonowner occupied | 1,323,095 |  |  | 99,917 |  |  | 19,833 |  |  | — |  |  | — |  |  | 119,750 |  |  | 1,442,845 |
Owner occupied | 370,802 |  |  | 7,331 |  |  | 5,192 |  |  | — |  |  | — |  |  | 12,523 |  |  | 383,325 |
Loans to individuals | 976,468 |  |  | — |  |  | 240 |  |  | — |  |  | — |  |  | 240 |  |  | 976,708 |
Automobile | 886,183 |  |  | — |  |  | 184 |  |  | — |  |  | — |  |  | 184 |  |  | 886,367 |
Consumer credit cards | 10,617 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,617 |
Consumer other | 79,668 |  |  | — |  |  | 56 |  |  | — |  |  | — |  |  | 56 |  |  | 79,724 |
Total loans | $ | 6,536,789 |  |  | $ | 137,011 |  |  | $ | 58,780 |  |  | $ | — |  |  | $ | — |  |  | $ | 195,791 |  |  | $ | 6,732,580 |
| December 31, 2020
|  |  | Non-Pass |  |  |  |
| Pass |  | OAEM |  | Substandard |  | Doubtful |  | Loss |  | Total Non-Pass |  | Total
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 1,491,916 |  |  | $ | 48,233 |  |  | $ | 15,837 |  |  | $ | — |  |  | $ | — |  |  | $ | 64,070 |  |  | $ | 1,555,986 |
Time and demand | 1,477,312 |  |  | 48,233 |  |  | 15,837 |  |  | — |  |  | — |  |  | 64,070 |  |  | 1,541,382 |
Commercial credit cards | 14,604 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,604 |
Real estate construction | 426,663 |  |  | 504 |  |  | 54 |  |  | — |  |  | — |  |  | 558 |  |  | 427,221 |
Residential real estate | 1,740,992 |  |  | 1,902 |  |  | 7,698 |  |  | — |  |  | — |  |  | 9,600 |  |  | 1,750,592 |
Residential first lien | 1,138,409 |  |  | 1,780 |  |  | 4,134 |  |  | — |  |  | — |  |  | 5,914 |  |  | 1,144,323 |
Residential junior lien/home equity | 602,583 |  |  | 122 |  |  | 3,564 |  |  | — |  |  | — |  |  | 3,686 |  |  | 606,269 |
Commercial real estate | 1,983,258 |  |  | 175,995 |  |  | 52,316 |  |  | — |  |  | — |  |  | 228,311 |  |  | 2,211,569 |
Multifamily | 369,883 |  |  | 131 |  |  | 1,225 |  |  | — |  |  | — |  |  | 1,356 |  |  | 371,239 |
Nonowner occupied | 1,216,252 |  |  | 161,336 |  |  | 43,563 |  |  | — |  |  | — |  |  | 204,899 |  |  | 1,421,151 |
Owner occupied | 397,123 |  |  | 14,528 |  |  | 7,528 |  |  | — |  |  | — |  |  | 22,056 |  |  | 419,179 |
Loans to individuals | 815,541 |  |  | — |  |  | 274 |  |  | — |  |  | — |  |  | 274 |  |  | 815,815 |
Automobile | 712,539 |  |  | — |  |  | 261 |  |  | — |  |  | — |  |  | 261 |  |  | 712,800 |
Consumer credit cards | 12,360 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,360 |
Consumer other | 90,642 |  |  | — |  |  | 13 |  |  | — |  |  | — |  |  | 13 |  |  | 90,655 |
Total loans | $ | 6,458,370 |  |  | $ | 226,634 |  |  | $ | 76,179 |  |  | $ | — |  |  | $ | — |  |  | $ | 302,813 |  |  | $ | 6,761,183 |
The following table summarizes the loan risk rating category by loan type including term loans on an amortized cost basis by origination year:
| September 30, 2021
| Term Loans |  | Revolving Loans |  |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  |  | Total
| (dollars in thousands)
Time and demand | $ | 305,101 |  |  | $ | 127,699 |  |  | $ | 145,265 |  |  | $ | 100,018 |  |  | $ | 54,657 |  |  | $ | 118,361 |  |  | $ | 359,593 |  |  | $ | 1,210,694 |
Pass | 305,081 |  |  | 127,623 |  |  | 126,211 |  |  | 99,050 |  |  | 51,866 |  |  | 109,244 |  |  | 353,015 |  |  | 1,172,090 |
OAEM | — |  |  | 75 |  |  | 1,173 |  |  | 816 |  |  | 67 |  |  | 7,323 |  |  | 2,864 |  |  | 12,318 |
Substandard | 20 |  |  | 1 |  |  | 17,881 |  |  | 152 |  |  | 2,724 |  |  | 1,794 |  |  | 3,714 |  |  | 26,286 |
Commercial credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,897 |  |  | 13,897 |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,897 |  |  | 13,897 |
Real estate construction | 109,671 |  |  | 145,193 |  |  | 118,290 |  |  | 48,963 |  |  | 455 |  |  | 936 |  |  | 508 |  |  | 424,016 |
Pass | 109,647 |  |  | 143,923 |  |  | 118,290 |  |  | 48,963 |  |  | 455 |  |  | 882 |  |  | 508 |  |  | 422,668 |
OAEM | 24 |  |  | 1,270 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,294 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 54 |  |  | — |  |  | 54 |
Residential first lien | 280,135 |  |  | 372,184 |  |  | 138,407 |  |  | 95,498 |  |  | 81,299 |  |  | 284,645 |  |  | 1,974 |  |  | 1,254,142 |
Pass | 280,124 |  |  | 372,164 |  |  | 138,236 |  |  | 95,081 |  |  | 81,160 |  |  | 280,586 |  |  | 1,897 |  |  | 1,249,248 |
OAEM | — |  |  | — |  |  | — |  |  | 71 |  |  | — |  |  | 1,296 |  |  | 77 |  |  | 1,444 |
Substandard | 11 |  |  | 20 |  |  | 171 |  |  | 346 |  |  | 139 |  |  | 2,763 |  |  | — |  |  | 3,450 |
Residential junior lien/home equity | 42,602 |  |  | 2,207 |  |  | 3,682 |  |  | 3,038 |  |  | 1,161 |  |  | 6,297 |  |  | 562,246 |  |  | 621,233 |
Pass | 42,602 |  |  | 2,207 |  |  | 3,604 |  |  | 3,038 |  |  | 1,161 |  |  | 6,141 |  |  | 559,189 |  |  | 617,942 |
OAEM | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 62 |  |  | 10 |  |  | 72 |
Substandard | — |  |  | — |  |  | 78 |  |  | — |  |  | — |  |  | 94 |  |  | 3,047 |  |  | 3,219 |
Multifamily | 81,608 |  |  | 80,628 |  |  | 16,466 |  |  | 54,180 |  |  | 65,075 |  |  | 106,420 |  |  | 1,343 |  |  | 405,720 |
Pass | 81,608 |  |  | 80,628 |  |  | 16,466 |  |  | 54,180 |  |  | 50,974 |  |  | 105,380 |  |  | 1,343 |  |  | 390,579 |
OAEM | — |  |  | — |  |  | — |  |  | — |  |  | 14,101 |  |  | 534 |  |  | — |  |  | 14,635 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 506 |  |  | — |  |  | 506 |
Nonowner occupied | 113,742 |  |  | 111,404 |  |  | 198,003 |  |  | 163,617 |  |  | 195,894 |  |  | 655,679 |  |  | 4,506 |  |  | 1,442,845 |
Pass | 113,742 |  |  | 111,404 |  |  | 198,003 |  |  | 145,792 |  |  | 163,703 |  |  | 587,138 |  |  | 3,313 |  |  | 1,323,095 |
OAEM | — |  |  | — |  |  | — |  |  | 17,825 |  |  | 25,274 |  |  | 55,781 |  |  | 1,037 |  |  | 99,917 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 6,917 |  |  | 12,760 |  |  | 156 |  |  | 19,833 |
Owner occupied | 49,257 |  |  | 59,485 |  |  | 56,875 |  |  | 34,738 |  |  | 33,796 |  |  | 143,789 |  |  | 5,385 |  |  | 383,325 |
Pass | 49,257 |  |  | 57,858 |  |  | 54,392 |  |  | 34,212 |  |  | 32,449 |  |  | 137,363 |  |  | 5,271 |  |  | 370,802 |
OAEM | — |  |  | 1,414 |  |  | 1,239 |  |  | 526 |  |  | 1,323 |  |  | 2,796 |  |  | 33 |  |  | 7,331 |
Substandard | — |  |  | 213 |  |  | 1,244 |  |  | — |  |  | 24 |  |  | 3,630 |  |  | 81 |  |  | 5,192 |
Automobile | 384,494 |  |  | 276,368 |  |  | 139,680 |  |  | 57,986 |  |  | 22,494 |  |  | 5,345 |  |  | — |  |  | 886,367 |
Pass | 384,494 |  |  | 276,368 |  |  | 139,599 |  |  | 57,956 |  |  | 22,487 |  |  | 5,279 |  |  | — |  |  | 886,183 |
Substandard | — |  |  | — |  |  | 81 |  |  | 30 |  |  | 7 |  |  | 66 |  |  | — |  |  | 184 |
Consumer credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,617 |  |  | 10,617 |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,617 |  |  | 10,617 |
Consumer other | 10,223 |  |  | 5,288 |  |  | 9,439 |  |  | 6,166 |  |  | 854 |  |  | 5,793 |  |  | 41,961 |  |  | 79,724 |
Pass | 10,223 |  |  | 5,288 |  |  | 9,439 |  |  | 6,166 |  |  | 854 |  |  | 5,749 |  |  | 41,949 |  |  | 79,668 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 44 |  |  | 12 |  |  | 56 |
Total | $ | 1,376,833 |  |  | $ | 1,180,456 |  |  | $ | 826,107 |  |  | $ | 564,204 |  |  | $ | 455,685 |  |  | $ | 1,327,265 |  |  | $ | 1,002,030 |  |  | $ | 6,732,580 |
| December 31, 2020
| Term Loans |  | Revolving Loans |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  |  | Total
| (dollars in thousands)
Time and demand | $ | 598,053 |  |  | $ | 193,601 |  |  | $ | 142,224 |  |  | $ | 72,277 |  |  | $ | 74,228 |  |  | $ | 83,313 |  |  | $ | 377,686 |  |  | $ | 1,541,382 |
Pass | 597,405 |  |  | 189,834 |  |  | 140,473 |  |  | 63,137 |  |  | 68,007 |  |  | 65,418 |  |  | 353,038 |  |  | 1,477,312 |
OAEM | 93 |  |  | 3,373 |  |  | 972 |  |  | 8,820 |  |  | 6,182 |  |  | 8,043 |  |  | 20,750 |  |  | 48,233 |
Substandard | 555 |  |  | 394 |  |  | 779 |  |  | 320 |  |  | 39 |  |  | 9,852 |  |  | 3,898 |  |  | 15,837 |
Commercial credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,604 |  |  | 14,604 |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,604 |  |  | 14,604 |
Real estate construction | 150,493 |  |  | 133,195 |  |  | 104,167 |  |  | 34,803 |  |  | 389 |  |  | 1,009 |  |  | 3,165 |  |  | 427,221 |
Pass | 150,493 |  |  | 133,195 |  |  | 104,167 |  |  | 34,803 |  |  | 389 |  |  | 709 |  |  | 2,907 |  |  | 426,663 |
OAEM | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 246 |  |  | 258 |  |  | 504 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 54 |  |  | — |  |  | 54 |
Residential first lien | 316,052 |  |  | 184,550 |  |  | 142,823 |  |  | 110,365 |  |  | 91,495 |  |  | 297,057 |  |  | 1,981 |  |  | 1,144,323 |
Pass | 316,028 |  |  | 184,533 |  |  | 142,467 |  |  | 110,260 |  |  | 91,059 |  |  | 292,158 |  |  | 1,904 |  |  | 1,138,409 |
OAEM | — |  |  | — |  |  | 83 |  |  | — |  |  | 100 |  |  | 1,520 |  |  | 77 |  |  | 1,780 |
Substandard | 24 |  |  | 17 |  |  | 273 |  |  | 105 |  |  | 336 |  |  | 3,379 |  |  | — |  |  | 4,134 |
Residential junior lien/home equity | 3,055 |  |  | 5,783 |  |  | 4,545 |  |  | 2,005 |  |  | 1,303 |  |  | 7,127 |  |  | 582,451 |  |  | 606,269 |
Pass | 3,055 |  |  | 5,698 |  |  | 4,545 |  |  | 2,005 |  |  | 1,303 |  |  | 6,909 |  |  | 579,068 |  |  | 602,583 |
OAEM | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 112 |  |  | 10 |  |  | 122 |
Substandard | — |  |  | 85 |  |  | — |  |  | — |  |  | — |  |  | 106 |  |  | 3,373 |  |  | 3,564 |
Multifamily | 76,249 |  |  | 16,287 |  |  | 69,439 |  |  | 66,963 |  |  | 34,383 |  |  | 106,328 |  |  | 1,590 |  |  | 371,239 |
Pass | 76,249 |  |  | 16,287 |  |  | 69,439 |  |  | 66,963 |  |  | 34,383 |  |  | 104,972 |  |  | 1,590 |  |  | 369,883 |
OAEM | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 131 |  |  | — |  |  | 131 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,225 |  |  | — |  |  | 1,225 |
Nonowner occupied | 105,861 |  |  | 199,280 |  |  | 161,018 |  |  | 214,915 |  |  | 217,883 |  |  | 518,052 |  |  | 4,142 |  |  | 1,421,151 |
Pass | 105,861 |  |  | 190,301 |  |  | 139,643 |  |  | 181,659 |  |  | 175,148 |  |  | 419,900 |  |  | 3,740 |  |  | 1,216,252 |
OAEM | — |  |  | 8,979 |  |  | 21,375 |  |  | 26,339 |  |  | 37,762 |  |  | 66,752 |  |  | 129 |  |  | 161,336 |
Substandard | — |  |  | — |  |  | — |  |  | 6,917 |  |  | 4,973 |  |  | 31,400 |  |  | 273 |  |  | 43,563 |
Owner occupied | 59,519 |  |  | 72,313 |  |  | 61,079 |  |  | 40,796 |  |  | 27,415 |  |  | 152,555 |  |  | 5,502 |  |  | 419,179 |
Pass | 58,551 |  |  | 70,726 |  |  | 55,478 |  |  | 39,351 |  |  | 26,359 |  |  | 141,376 |  |  | 5,282 |  |  | 397,123 |
OAEM | 968 |  |  | 684 |  |  | 4,736 |  |  | 1,421 |  |  | 114 |  |  | 6,572 |  |  | 33 |  |  | 14,528 |
Substandard | — |  |  | 903 |  |  | 865 |  |  | 24 |  |  | 942 |  |  | 4,607 |  |  | 187 |  |  | 7,528 |
Automobile | 350,293 |  |  | 202,923 |  |  | 96,355 |  |  | 45,218 |  |  | 14,285 |  |  | 3,726 |  |  | — |  |  | 712,800 |
Pass | 350,293 |  |  | 202,827 |  |  | 96,336 |  |  | 45,187 |  |  | 14,255 |  |  | 3,641 |  |  | — |  |  | 712,539 |
Substandard | — |  |  | 96 |  |  | 19 |  |  | 31 |  |  | 30 |  |  | 85 |  |  | — |  |  | 261 |
Consumer credit cards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,360 |  |  | 12,360 |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,360 |  |  | 12,360 |
Consumer other | 7,814 |  |  | 14,464 |  |  | 10,752 |  |  | 1,965 |  |  | 711 |  |  | 6,383 |  |  | 48,566 |  |  | 90,655 |
Pass | 7,814 |  |  | 14,464 |  |  | 10,752 |  |  | 1,965 |  |  | 711 |  |  | 6,373 |  |  | 48,563 |  |  | 90,642 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 3 |  |  | 13 |
Total | $ | 1,667,389 |  |  | $ | 1,022,396 |  |  | $ | 792,402 |  |  | $ | 589,307 |  |  | $ | 462,092 |  |  | $ | 1,175,550 |  |  | $ | 1,052,047 |  |  | $ | 6,761,183 |
Portfolio Risks The credit quality of our loan portfolio can potentially represent significant risk to our earnings, capital and liquidity. First Commonwealth devotes substantial resources to managing this risk primarily through our credit administration department that develops and administers policies and procedures for underwriting, maintaining, monitoring and collecting loans. Credit administration is independent of lending departments and oversight is provided by the Credit Committee of the First Commonwealth Board of Directors. Total net charge-offs for the nine months ended September 30, 2021 and 2020 were $9.5 million and $12.4 million, respectively. Age Analysis of Past Due Loans by Segment The following tables delineate the aging analysis of the recorded investments in past due loans as of September 30, 2021 and December 31, 2020. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection.
| September 30, 2021
| 30 - 59 days past due |  | 60 - 89 days past due |  | 90 days or greater and still accruing |  | Nonaccrual |  | Total past due and nonaccrual |  | Current |  | Total
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 158 |  |  | $ | 478 |  |  | $ | 33 |  |  | $ | 4,554 |  |  | $ | 5,223 |  |  | $ | 1,219,368 |  |  | $ | 1,224,591 |
Time and demand | 23 |  |  | 459 |  |  | — |  |  | 4,554 |  |  | 5,036 |  |  | 1,205,658 |  |  | 1,210,694 |
Commercial credit cards | 135 |  |  | 19 |  |  | 33 |  |  | — |  |  | 187 |  |  | 13,710 |  |  | 13,897 |
Real estate construction | — |  |  | — |  |  | — |  |  | 54 |  |  | 54 |  |  | 423,962 |  |  | 424,016 |
Residential real estate | 3,354 |  |  | 824 |  |  | 411 |  |  | 6,046 |  |  | 10,635 |  |  | 1,864,740 |  |  | 1,875,375 |
Residential first lien | 2,217 |  |  | 272 |  |  | 172 |  |  | 3,036 |  |  | 5,697 |  |  | 1,248,445 |  |  | 1,254,142 |
Residential junior lien/home equity | 1,137 |  |  | 552 |  |  | 239 |  |  | 3,010 |  |  | 4,938 |  |  | 616,295 |  |  | 621,233 |
Commercial real estate | 177 |  |  | 45 |  |  | — |  |  | 19,782 |  |  | 20,004 |  |  | 2,211,886 |  |  | 2,231,890 |
Multifamily | — |  |  | — |  |  | — |  |  | 435 |  |  | 435 |  |  | 405,285 |  |  | 405,720 |
Nonowner occupied | 175 |  |  | — |  |  | — |  |  | 17,783 |  |  | 17,958 |  |  | 1,424,887 |  |  | 1,442,845 |
Owner occupied | 2 |  |  | 45 |  |  | — |  |  | 1,564 |  |  | 1,611 |  |  | 381,714 |  |  | 383,325 |
Loans to individuals | 1,751 |  |  | 351 |  |  | 691 |  |  | 240 |  |  | 3,033 |  |  | 973,675 |  |  | 976,708 |
Automobile | 1,363 |  |  | 83 |  |  | 158 |  |  | 184 |  |  | 1,788 |  |  | 884,579 |  |  | 886,367 |
Consumer credit cards | 50 |  |  | 22 |  |  | 25 |  |  | — |  |  | 97 |  |  | 10,520 |  |  | 10,617 |
Consumer other | 338 |  |  | 246 |  |  | 508 |  |  | 56 |  |  | 1,148 |  |  | 78,576 |  |  | 79,724 |
Total loans | $ | 5,440 |  |  | $ | 1,698 |  |  | $ | 1,135 |  |  | $ | 30,676 |  |  | $ | 38,949 |  |  | $ | 6,693,631 |  |  | $ | 6,732,580 |
| December 31, 2020
| 30 - 59 days past due |  | 60 - 89 days past due |  | 90 days or greater and still accruing |  | Nonaccrual |  | Total past due and nonaccrual |  | Current |  | Total
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 146 |  |  | $ | 62 |  |  | $ | 112 |  |  | $ | 3,317 |  |  | $ | 3,637 |  |  | $ | 1,552,349 |  |  | $ | 1,555,986 |
Time and demand | 97 |  |  | 28 |  |  | 23 |  |  | 3,317 |  |  | 3,465 |  |  | 1,537,917 |  |  | 1,541,382 |
Commercial credit cards | 49 |  |  | 34 |  |  | 89 |  |  | — |  |  | 172 |  |  | 14,432 |  |  | 14,604 |
Real estate construction | 936 |  |  | — |  |  | — |  |  | 54 |  |  | 990 |  |  | 426,231 |  |  | 427,221 |
Residential real estate | 3,883 |  |  | 1,492 |  |  | 769 |  |  | 6,824 |  |  | 12,968 |  |  | 1,737,624 |  |  | 1,750,592 |
Residential first lien | 1,775 |  |  | 660 |  |  | 267 |  |  | 3,489 |  |  | 6,191 |  |  | 1,138,132 |  |  | 1,144,323 |
Residential junior lien/home equity | 2,108 |  |  | 832 |  |  | 502 |  |  | 3,335 |  |  | 6,777 |  |  | 599,492 |  |  | 606,269 |
Commercial real estate | 237 |  |  | 160 |  |  | 3 |  |  | 35,072 |  |  | 35,472 |  |  | 2,176,097 |  |  | 2,211,569 |
Multifamily | — |  |  | — |  |  | — |  |  | 460 |  |  | 460 |  |  | 370,779 |  |  | 371,239 |
Nonowner occupied | 18 |  |  | 104 |  |  | — |  |  | 31,822 |  |  | 31,944 |  |  | 1,389,207 |  |  | 1,421,151 |
Owner occupied | 219 |  |  | 56 |  |  | 3 |  |  | 2,790 |  |  | 3,068 |  |  | 416,111 |  |  | 419,179 |
Loans to individuals | 2,870 |  |  | 852 |  |  | 639 |  |  | 274 |  |  | 4,635 |  |  | 811,180 |  |  | 815,815 |
Automobile | 2,090 |  |  | 417 |  |  | 94 |  |  | 261 |  |  | 2,862 |  |  | 709,938 |  |  | 712,800 |
Consumer credit cards | 52 |  |  | 39 |  |  | 123 |  |  | — |  |  | 214 |  |  | 12,146 |  |  | 12,360 |
Consumer other | 728 |  |  | 396 |  |  | 422 |  |  | 13 |  |  | 1,559 |  |  | 89,096 |  |  | 90,655 |
Total loans | $ | 8,072 |  |  | $ | 2,566 |  |  | $ | 1,523 |  |  | $ | 45,541 |  |  | $ | 57,702 |  |  | $ | 6,703,481 |  |  | $ | 6,761,183 |
Nonaccrual Loans The previous tables summarize nonaccrual loans by loan segment. The Company generally places loans on nonaccrual status when the full and timely collection of interest or principal becomes uncertain, when part of the principal balance has been charged off and no restructuring has occurred, or the loans reach a certain number of days past due. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans, which are placed on nonaccrual status at 150 days past due. When a loan is placed on nonaccrual, the accrued unpaid interest receivable is reversed against interest income and all future payments received are applied as a reduction to the loan principal. Generally, the loan is returned to accrual status when (a) all delinquent interest and principal becomes current under the terms of the loan agreement or (b) the loan is both well-secured and in the process of collection and collectability is no longer in doubt. Nonperforming Loans Management considers loans to be nonperforming when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan contract, including scheduled interest payments. Nonperforming loans include nonaccrual loans and all troubled debt restructured loans. When management identifies a loan as nonperforming, the credit loss is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole source for repayment of the loan is the operation or liquidation of collateral. When the loan is collateral dependent, the appraised value less estimated cost to sell is utilized. If management determines the value of the loan is less than the recorded investment in the loan, a credit loss is recognized through an allowance estimate or a charge-off to the allowance for credit losses. When the ultimate collectability of the total principal of a nonperforming loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of a nonperforming loan is not in doubt and the loan is on nonaccrual status, contractual interest is credited to interest income when received under the cash basis method. At September 30, 2021, there were no nonperforming loans held for sale. Subsequent to September 30, 2021, as the result of a borrower initiated sale, a $6.9 million nonperforming commercial real estate loan with a $0.3 million specific reserve was sold at par. At December 31, 2020, there was one nonperforming loan totaling $13 thousand classified as held for sale. During the nine months ended September 30, 2021, a $5.0 million nonperforming relationship was transferred to held for sale and sold, resulting in a $0.4 million gain. During the nine months ended September 30, 2020, there were no gains recognized on the sale of nonperforming loans. The following tables include the recorded investment and unpaid principal balance for nonperforming loans with the associated allowance amount, if applicable, as of September 30, 2021 and December 31, 2020. Also presented are the average recorded investment in nonperforming loans and the related amount of interest recognized while the loan was considered nonperforming. Average balances are calculated using month-end balances of the loans for the period reported and are included in the table below based on their period-end allowance position.
| September 30, 2021 |  | December 31, 2020
| Recorded investment |  | Unpaid principal balance |  | Related allowance |  | Recorded investment |  | Unpaid principal balance |  | Related allowance
| (dollars in thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other | $ | 4,836 |  |  | $ | 15,308 |  |  |  |  | $ | 2,025 |  |  | $ | 2,725 |  |  |
Time and demand | 4,836 |  |  | 15,308 |  |  |  |  | 2,025 |  |  | 2,725 |  |  |
Real estate construction | 54 |  |  | 53 |  |  |  |  | 54 |  |  | 53 |  |  |
Residential real estate | 9,910 |  |  | 12,101 |  |  |  |  | 10,939 |  |  | 13,258 |  |  |
Residential first lien | 5,599 |  |  | 7,003 |  |  |  |  | 6,062 |  |  | 7,575 |  |  |
Residential junior lien/home equity | 4,311 |  |  | 5,098 |  |  |  |  | 4,877 |  |  | 5,683 |  |  |
Commercial real estate | 13,176 |  |  | 13,981 |  |  |  |  | 20,650 |  |  | 23,641 |  |  |
Multifamily | — |  |  | — |  |  |  |  | 1 |  |  | 82 |  |  |
Nonowner occupied | 11,531 |  |  | 12,147 |  |  |  |  | 16,786 |  |  | 19,459 |  |  |
Owner occupied | 1,645 |  |  | 1,834 |  |  |  |  | 3,863 |  |  | 4,100 |  |  |
Loans to individuals | 498 |  |  | 537 |  |  |  |  | 418 |  |  | 447 |  |  |
Automobile | 442 |  |  | 476 |  |  |  |  | 405 |  |  | 430 |  |  |
Consumer other | 56 |  |  | 61 |  |  |  |  | 13 |  |  | 17 |  |  |
Subtotal | 28,474 |  |  | 41,980 |  |  |  |  | 34,086 |  |  | 40,124 |  |  |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other | 1,899 |  |  | 1,898 |  |  | $ | 479 |  |  | 4,210 |  |  | 9,377 |  |  | $ | 1,268 |
Time and demand | 1,899 |  |  | 1,898 |  |  | 479 |  |  | 4,210 |  |  | 9,377 |  |  | 1,268 |
Real estate construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first lien | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential junior lien/home equity | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | 7,713 |  |  | 7,794 |  |  | 501 |  |  | 15,757 |  |  | 15,830 |  |  | 3,638 |
Multifamily | 435 |  |  | 456 |  |  | 103 |  |  | 459 |  |  | 470 |  |  | 116 |
Nonowner occupied | 6,917 |  |  | 6,979 |  |  | 338 |  |  | 15,060 |  |  | 15,122 |  |  | 3,508 |
Owner occupied | 361 |  |  | 359 |  |  | 60 |  |  | 238 |  |  | 238 |  |  | 14 |
Loans to individuals | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Automobile | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 9,612 |  |  | 9,692 |  |  | 980 |  |  | 19,967 |  |  | 25,207 |  |  | 4,906 |
Total | $ | 38,086 |  |  | $ | 51,672 |  |  | $ | 980 |  |  | $ | 54,053 |  |  | $ | 65,331 |  |  | $ | 4,906 |
|  |  |  |  | For the Nine Months Ended September 30,
|  |  |  |  | 2021 |  | 2020
|  |  | Total Loans |  | Originated Loans |  | Acquired Loans
|  |  |  |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest income recognized
|  |  |  |  | (dollars in thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | $ | 9,266 |  |  | $ | 50 |  |  | $ | 4,062 |  |  | $ | 15 |  |  | $ | 74 |  |  | $ | — |
Time and demand |  |  |  |  | 9,266 |  |  | 50 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | 54 |  |  | — |  |  | 6 |  |  | — |  |  | 137 |  |  | — |
Residential real estate |  |  |  |  | 10,504 |  |  | 275 |  |  | 10,380 |  |  | 235 |  |  | 1,772 |  |  | 18 |
Residential first lien |  |  |  |  | 5,734 |  |  | 210 |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | 4,770 |  |  | 65 |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 20,813 |  |  | 101 |  |  | 13,994 |  |  | 90 |  |  | 1,453 |  |  | 76 |
Multifamily |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 18,050 |  |  | 15 |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 2,763 |  |  | 86 |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | 486 |  |  | 12 |  |  | 469 |  |  | 9 |  |  | 11 |  |  | — |
Automobile |  |  |  |  | 433 |  |  | 12 |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | 53 |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 41,123 |  |  | 438 |  |  | 28,911 |  |  | 349 |  |  | 3,447 |  |  | 94 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | 1,820 |  |  | 50 |  |  | 4,569 |  |  | 45 |  |  | — |  |  | — |
Time and demand |  |  |  |  | 1,820 |  |  | 50 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first lien |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 7,408 |  |  | — |  |  | 13,830 |  |  | 9 |  |  | — |  |  | — |
Multifamily |  |  |  |  | 451 |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 6,917 |  |  | — |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 40 |  |  | — |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Automobile |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 9,228 |  |  | 50 |  |  | 18,399 |  |  | 54 |  |  | — |  |  | — |
Total |  |  |  |  | $ | 50,351 |  |  | $ | 488 |  |  | $ | 47,310 |  |  | $ | 403 |  |  | $ | 3,447 |  |  | $ | 94 |
|  |  |  |  | For the Three Months Ended September 30,
|  |  |  |  | 2021 |  | 2020
|  |  | Total Loans |  | Originated Loans |  | Acquired Loans
|  |  |  |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest Income Recognized |  | Average recorded investment |  | Interest Income Recognized
|  |  |  |  | (dollars in thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | $ | 9,858 |  |  | $ | 3 |  |  | $ | 1,918 |  |  | $ | 10 |  |  | $ | 74 |  |  | $ | — |
Time and demand |  |  |  |  | 9,858 |  |  | 3 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | 54 |  |  | — |  |  | 18 |  |  | — |  |  | 308 |  |  | — |
Residential real estate |  |  |  |  | 10,060 |  |  | 54 |  |  | 10,198 |  |  | 72 |  |  | 1,473 |  |  | 1 |
Residential first lien |  |  |  |  | 5,558 |  |  | 34 |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | 4,502 |  |  | 20 |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 15,967 |  |  | 68 |  |  | 14,312 |  |  | 23 |  |  | 1,440 |  |  | 76 |
Multifamily |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 13,633 |  |  | 4 |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 2,334 |  |  | 64 |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | 504 |  |  | 6 |  |  | 494 |  |  | 3 |  |  | 11 |  |  | — |
Automobile |  |  |  |  | 448 |  |  | 6 |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | 56 |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 36,443 |  |  | 131 |  |  | 26,940 |  |  | 108 |  |  | 3,306 |  |  | 77 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | 1,842 |  |  | 19 |  |  | 6,423 |  |  | 16 |  |  | — |  |  | — |
Time and demand |  |  |  |  | 1,842 |  |  | 19 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first lien |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 7,476 |  |  | — |  |  | 17,407 |  |  | 3 |  |  | — |  |  | — |
Multifamily |  |  |  |  | 439 |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 6,917 |  |  | — |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 120 |  |  | — |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Automobile |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 9,318 |  |  | 19 |  |  | 23,830 |  |  | 19 |  |  | — |  |  | — |
Total |  |  |  |  | $ | 45,761 |  |  | $ | 150 |  |  | $ | 50,770 |  |  | $ | 127 |  |  | $ | 3,306 |  |  | $ | 77 |
Unfunded commitments related to nonperforming loans were $0.2 million at both September 30, 2021 and December 31, 2020. After consideration of the requirements to draw and available collateral related to these commitments, it was determined that no reserve was required at September 30, 2021. At December 31, 2020, a reserve of $26 thousand was established for these off balance sheet exposures. Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternative financing sources. Troubled debt restructured loans are considered to be nonperforming loans. In March 2020, the Company began offering short-term loan modifications to assist borrowers during the COVID-19 national emergency. These modifications typically provide for the deferral of both principal and interest for 90 days. The CARES Act, along with a joint agency statement issued by banking regulators, provides that short-term modifications, meeting certain criteria and in response to COVID-19, do not need to be accounted for as a troubled debt restructured loans. Additionally, short-term loan modifications that are not accounted for as a troubled debt restructured loan, in accordance with the CARES Act, would remain classified as current during the deferral period and therefore are not reflected in the past due loan tables provided on the prior page. As of September 30, 2021, loans with an aggregate principal balance of $29.9 million were in a forbearance period granted under the CARES Act compared to $113.8 million as of December 31, 2020 and $65.4 million as of September 30, 2020. The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans:
| September 30, 2021 |  | December 31, 2020
| (dollars in thousands)
Troubled debt restructured loans |  |  |
Accrual status | $ | 7,410 |  |  | $ | 8,512 |
Nonaccrual status | 16,210 |  |  | 14,740 |
Total | $ | 23,620 |  |  | $ | 23,252 |
Commitments |  |  |
Letters of credit | $ | 60 |  |  | $ | 60 |
Unused lines of credit | 15 |  |  | 11 |
Total | $ | 75 |  |  | $ | 71 |
The following tables provide detail, including specific reserves and reasons for modification, related to loans identified as troubled debt restructurings:
| For the Nine Months Ended September 30, 2021
|  |  | Type of Modification |  |  |  |  |  |
| Number of Contracts |  | Extend Maturity |  | Modify Rate |  | Modify Payments |  | Total Pre-Modification Outstanding Recorded Investment |  | Post- Modification Outstanding Recorded Investment |  | Specific Reserve
| (dollars in thousands)
Commercial, financial, agricultural and other | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,803 |  |  | $ | 6,803 |  |  | $ | 2,895 |  |  | $ | — |
Time and demand | 6 |  |  | — |  |  | — |  |  | 6,803 |  |  | 6,803 |  |  | 2,895 |  |  | — |
Residential real estate | 13 |  |  | — |  |  | 219 |  |  | 301 |  |  | 520 |  |  | 500 |  |  | — |
Residential first lien | 10 |  |  | — |  |  | 219 |  |  | 171 |  |  | 390 |  |  | 375 |  |  | — |
Residential junior lien/home equity | 3 |  |  | — |  |  | — |  |  | 130 |  |  | 130 |  |  | 125 |  |  | — |
Commercial real estate | 2 |  |  | — |  |  | — |  |  | 644 |  |  | 644 |  |  | 645 |  |  | — |
Nonowner occupied | 2 |  |  | — |  |  | — |  |  | 644 |  |  | 644 |  |  | 645 |  |  | — |
Loans to individuals | 7 |  |  | — |  |  | 110 |  |  | 63 |  |  | 173 |  |  | 151 |  |  | — |
Automobile | 7 |  |  | — |  |  | 110 |  |  | 63 |  |  | 173 |  |  | 151 |  |  | — |
Total | 28 |  |  | $ | — |  |  | $ | 329 |  |  | $ | 7,811 |  |  | $ | 8,140 |  |  | $ | 4,191 |  |  | $ | — |
| For the Nine Months Ended September 30, 2020
|  |  | Type of Modification |  |  |  |  |  |
| Number of Contracts |  | Extend Maturity |  | Modify Rate |  | Modify Payments |  | Total Pre-Modification Outstanding Recorded Investment |  | Post- Modification Outstanding Recorded Investment |  | Specific Reserve
| (dollars in thousands)
Commercial, financial, agricultural and other | 1 |  |  | $ | — |  |  | $ | 629 |  |  | $ | — |  |  | $ | 629 |  |  | $ | 625 |  |  | $ | 489 |
Residential real estate | 16 |  |  | — |  |  | 33 |  |  | 844 |  |  | 877 |  |  | 729 |  |  | — |
Commercial real estate | 2 |  |  | — |  |  | — |  |  | 12 |  |  | 12 |  |  | 8 |  |  | — |
Loans to individuals | 14 |  |  | — |  |  | 114 |  |  | 149 |  |  | 263 |  |  | 245 |  |  | — |
Total | 33 |  |  | $ | — |  |  | $ | 776 |  |  | $ | 1,005 |  |  | $ | 1,781 |  |  | $ | 1,607 |  |  | $ | 489 |
The troubled debt restructurings included in the above tables are also included in the nonperforming loan tables provided earlier in this note. Loans defined as modified due to a change in rate may include loans that were modified for a change in rate as well as a re-amortization of the principal and an extension of the maturity. For the nine months ended September 30, 2021 and 2020, $284 thousand and $766 thousand, respectively, of total rate modifications represent loans with modifications to the rate as well as payment as a result of re-amortization. For both 2021 and 2020, the changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments. The following tables provide detail, including specific reserves and reasons for modification, related to loans identified as troubled debt restructurings:
| For the Three Months Ended September 30, 2021
|  |  | Type of Modification |  |  |  |  |  |  |  |
| Number of Contracts |  | Extend Maturity |  | Modify Rate |  | Modify Payments |  |  |  | Total Pre-Modification Outstanding Recorded Investment |  | Post- Modification Outstanding Recorded Investment |  | Specific Reserve
| (dollars in thousands)
Commercial, financial, agricultural and other | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 206 |  |  |  |  | $ | 206 |  |  | $ | 202 |  |  | $ | — |
Time and demand | 5 |  |  | — |  |  | — |  |  | 206 |  |  |  |  | 206 |  |  | 202 |  |  | — |
Residential real estate | 5 |  |  | — |  |  | 113 |  |  | 117 |  |  |  |  | 230 |  |  | 221 |  |  | — |
Residential first lien | 3 |  |  | — |  |  | 113 |  |  | — |  |  |  |  | 113 |  |  | 109 |  |  | — |
Residential junior lien/home equity | 2 |  |  | — |  |  | — |  |  | 117 |  |  |  |  | 117 |  |  | 112 |  |  | — |
Commercial real estate | 2 |  |  | — |  |  | — |  |  | 644 |  |  |  |  | 644 |  |  | 645 |  |  | — |
Nonowner occupied | 2 |  |  | — |  |  | — |  |  | 644 |  |  |  |  | 644 |  |  | 645 |  |  | — |
Loans to individuals | 3 |  |  | — |  |  | 17 |  |  | 63 |  |  |  |  | 80 |  |  | 76 |  |  | — |
Automobile | 3 |  |  | — |  |  | 17 |  |  | 63 |  |  |  |  | 80 |  |  | 76 |  |  | — |
Total | 15 |  |  | $ | — |  |  | $ | 130 |  |  | $ | 1,030 |  |  |  |  | $ | 1,160 |  |  | $ | 1,144 |  |  | $ | — |
| For the Three Months Ended September 30, 2020
|  |  | Type of Modification |  |  |  |  |  |
| Number of Contracts |  | Extend Maturity |  | Modify Rate |  | Modify Payments |  | Total Pre-Modification Outstanding Recorded Investment |  | Post- Modification Outstanding Recorded Investment |  | Specific Reserve
| (dollars in thousands)
Commercial, financial, agricultural and other | 1 |  |  | $ | — |  |  | $ | 629 |  |  | $ | — |  |  | $ | 629 |  |  | $ | 625 |  |  | $ | 489 |
Residential real estate | 12 |  |  | — |  |  | 33 |  |  | 580 |  |  | 613 |  |  | 477 |  |  | — |
Loans to individuals | 4 |  |  | — |  |  | 43 |  |  | 24 |  |  | 67 |  |  | 63 |  |  | — |
Total | 17 |  |  | $ | — |  |  | $ | 705 |  |  | $ | 604 |  |  | $ | 1,309 |  |  | $ | 1,165 |  |  | $ | 489 |
The troubled debt restructurings included in the above tables are also included in the nonperforming loan tables provided earlier in this note. Loans defined as modified due to a change in rate may include loans that were modified for a change in rate as well as a re-amortization of the principal and an extension of the maturity. For the three months ended September 30, 2021 and 2020, $86 thousand and $694 thousand, respectively, of total rate modifications represent loans with modifications to the rate as well as payment as a result of re-amortization. For both 2021 and 2020 the changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments. A troubled debt restructuring is considered to be in default when a restructured loan is 90 days or more past due. The following table provides information related to loans that were restructured within the past twelve months and that were considered to be in default during the nine months ended September 30:
| 2021 |  | 2020
| Number of Contracts |  | Recorded Investment |  | Number of Contracts |  | Recorded Investment
| (dollars in thousands)
Residential real estate | — |  |  | $ | — |  |  | 1 |  |  | $ | 50 |
Commercial real estate | — |  |  | — |  |  | 1 |  |  | 112 |
Loans to individuals | — |  |  | — |  |  | 2 |  |  | 78 |
Total | — |  |  | $ | — |  |  | 4 |  |  | $ | 240 |
The following table provides information related to loans that were restructured within the past twelve months and that were considered to be in default during the three months ended September 30:
| 2021 |  | 2020
| Number of Contracts |  | Recorded Investment |  | Number of Contracts |  | Recorded Investment
| (dollars in thousands)
Commercial real estate | — |  |  | $ | — |  |  | 1 |  |  | $ | 112 |
Loans to individuals | — |  |  | — |  |  | 2 |  |  | 78 |
Total | — |  |  | $ | — |  |  | 3 |  |  | $ | 190 |
The following tables provide detail related to the allowance for credit losses:
| For the Nine Months Ended September 30, 2021
| Beginning balance |  | Charge-offs |  | Recoveries |  | Provision (credit)a |  | Ending balance
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 17,187 |  |  | $ | (6,522) |  |  | $ | 299 |  |  | $ | 6,898 |  |  | $ | 17,862 |
Time and demand | 16,838 |  |  | (6,397) |  |  | 292 |  |  | 6,849 |  |  | 17,582 |
Commercial credit cards | 349 |  |  | (125) |  |  | 7 |  |  | 49 |  |  | 280 |
Real estate construction | 7,966 |  |  | — |  |  | 135 |  |  | (3,768) |  |  | 4,333 |
Residential real estate | 14,358 |  |  | (130) |  |  | 309 |  |  | (1,732) |  |  | 12,805 |
Residential first lien | 7,919 |  |  | (36) |  |  | 206 |  |  | (632) |  |  | 7,457 |
Residential junior lien/home equity | 6,439 |  |  | (94) |  |  | 103 |  |  | (1,100) |  |  | 5,348 |
Commercial real estate | 41,953 |  |  | (1,659) |  |  | 130 |  |  | (5,784) |  |  | 34,640 |
Multifamily | 6,240 |  |  | (1) |  |  | — |  |  | (2,408) |  |  | 3,831 |
Nonowner occupied | 28,414 |  |  | (1,556) |  |  | 120 |  |  | (880) |  |  | 26,098 |
Owner occupied | 7,299 |  |  | (102) |  |  | 10 |  |  | (2,496) |  |  | 4,711 |
Loans to individuals | 19,845 |  |  | (3,199) |  |  | 1,163 |  |  | 6,736 |  |  | 24,545 |
Automobile | 16,133 |  |  | (1,399) |  |  | 826 |  |  | 5,642 |  |  | 21,202 |
Consumer credit cards | 635 |  |  | (372) |  |  | 51 |  |  | 182 |  |  | 496 |
Consumer other | 3,077 |  |  | (1,428) |  |  | 286 |  |  | 912 |  |  | 2,847 |
Total loans | $ | 101,309 |  |  | $ | (11,510) |  |  | $ | 2,036 |  |  | $ | 2,350 |  |  | $ | 94,185 |
a) The provision expense(credit) shown here excludes the provision for off-balance sheet credit exposure included in the income statement.
| For the Nine Months Ended September 30, 2021
|  |  |  |  |  |  | Loans
| Ending balance |  | Ending balance: individually evaluated for credit losses |  | Ending balance: collectively evaluated for credit losses |  | Ending balance |  | Ending balance: individually evaluated for credit losses |  | Ending balance: collectively evaluated for credit losses
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 17,862 |  |  | $ | 479 |  |  | $ | 17,383 |  |  | $ | 1,224,591 |  |  | $ | 5,561 |  |  | $ | 1,219,030 |
Time and demand | 17,582 |  |  | 479 |  |  | 17,103 |  |  | 1,210,694 |  |  | 5,561 |  |  | 1,205,133 |
Commercial credit cards | 280 |  |  | — |  |  | 280 |  |  | 13,897 |  |  | — |  |  | 13,897 |
Real estate construction | 4,333 |  |  | — |  |  | 4,333 |  |  | 424,016 |  |  | — |  |  | 424,016 |
Residential real estate | 12,805 |  |  | — |  |  | 12,805 |  |  | 1,875,375 |  |  | 254 |  |  | 1,875,121 |
Residential first lien | 7,457 |  |  | — |  |  | 7,457 |  |  | 1,254,142 |  |  | — |  |  | 1,254,142 |
Residential junior lien/home equity | 5,348 |  |  | — |  |  | 5,348 |  |  | 621,233 |  |  | 254 |  |  | 620,979 |
Commercial real estate | 34,640 |  |  | 501 |  |  | 34,139 |  |  | 2,231,890 |  |  | 20,333 |  |  | 2,211,557 |
Multifamily | 3,831 |  |  | 103 |  |  | 3,728 |  |  | 405,720 |  |  | 435 |  |  | 405,285 |
Nonowner occupied | 26,098 |  |  | 338 |  |  | 25,760 |  |  | 1,442,845 |  |  | 18,314 |  |  | 1,424,531 |
Owner occupied | 4,711 |  |  | 60 |  |  | 4,651 |  |  | 383,325 |  |  | 1,584 |  |  | 381,741 |
Loans to individuals | 24,545 |  |  | — |  |  | 24,545 |  |  | 976,708 |  |  | — |  |  | 976,708 |
Automobile | 21,202 |  |  | — |  |  | 21,202 |  |  | 886,367 |  |  | — |  |  | 886,367 |
Consumer credit cards | 496 |  |  | — |  |  | 496 |  |  | 10,617 |  |  | — |  |  | 10,617 |
Consumer other | 2,847 |  |  | — |  |  | 2,847 |  |  | 79,724 |  |  | — |  |  | 79,724 |
Total loans | $ | 94,185 |  |  | $ | 980 |  |  | $ | 93,205 |  |  | $ | 6,732,580 |  |  | $ | 26,148 |  |  | $ | 6,706,432 |
| For the Nine Months Ended September 30, 2020
| Commercial, financial, agricultural and other |  | Real estate construction |  | Residential real estate |  | Commercial real estate |  | Loans to individuals |  |  |  | Total
| (dollars in thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 20,221 |  |  | $ | 2,558 |  |  | $ | 4,091 |  |  | $ | 19,731 |  |  | $ | 4,984 |  |  |  |  | $ | 51,585 |
Charge-offs | (5,166) |  |  | — |  |  | (720) |  |  | (2,415) |  |  | (4,958) |  |  |  |  | (13,259) |
Recoveries | 161 |  |  | 26 |  |  | 274 |  |  | 154 |  |  | 702 |  |  |  |  | 1,317 |
Provision (credit) | 9,936 |  |  | 924 |  |  | 4,607 |  |  | 23,132 |  |  | 8,087 |  |  |  |  | 46,686 |
Ending balance | 25,152 |  |  | 3,508 |  |  | 8,252 |  |  | 40,602 |  |  | 8,815 |  |  |  |  | 86,329 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | 13 |  |  | — |  |  | 2 |  |  | 37 |  |  | — |  |  |  |  | 52 |
Charge-offs | — |  |  | — |  |  | (213) |  |  | (2) |  |  | (287) |  |  |  |  | (502) |
Recoveries | 28 |  |  | — |  |  | 38 |  |  | — |  |  | 10 |  |  |  |  | 76 |
Provision (credit) | 295 |  |  | — |  |  | 173 |  |  | 1,607 |  |  | 277 |  |  |  |  | 2,352 |
Ending balance | 336 |  |  | — |  |  | — |  |  | 1,642 |  |  | — |  |  |  |  | 1,978 |
Total ending balance | $ | 25,488 |  |  | $ | 3,508 |  |  | $ | 8,252 |  |  | $ | 42,244 |  |  | $ | 8,815 |  |  |  |  | $ | 88,307 |
Ending balance: individually evaluated for impairment | $ | 1,497 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,921 |  |  | $ | — |  |  |  |  | $ | 7,418 |
Ending balance: collectively evaluated for impairment | 23,991 |  |  | 3,508 |  |  | 8,252 |  |  | 36,323 |  |  | 8,815 |  |  |  |  | 80,889 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | 1,736,736 |  |  | 452,989 |  |  | 1,744,020 |  |  | 2,215,311 |  |  | 800,660 |  |  |  |  | 6,949,716 |
Ending balance: individually evaluated for impairment | 5,048 |  |  | 308 |  |  | 1,226 |  |  | 30,387 |  |  | — |  |  |  |  | 36,969 |
Ending balance: collectively evaluated for impairment | 1,731,688 |  |  | 452,681 |  |  | 1,742,794 |  |  | 2,184,924 |  |  | 800,660 |  |  |  |  | 6,912,747 |
| For the Three Months Ended September 30, 2021
| Beginning balance |  | Charge-offs |  | Recoveries |  | Provision (credit)a |  | Ending balance
| (dollars in thousands)
Commercial, financial, agricultural and other | $ | 21,466 |  |  | $ | (2,066) |  |  | $ | 106 |  |  | $ | (1,644) |  |  | $ | 17,862 |
Time and demand | 21,098 |  |  | (2,059) |  |  | 104 |  |  | (1,561) |  |  | 17,582 |
Commercial credit cards | 368 |  |  | (7) |  |  | 2 |  |  | (83) |  |  | 280 |
Real estate construction | 4,285 |  |  | — |  |  | — |  |  | 48 |  |  | 4,333 |
Residential real estate | 12,933 |  |  | (11) |  |  | 98 |  |  | (215) |  |  | 12,805 |
Residential first lien | 7,394 |  |  | — |  |  | 24 |  |  | 39 |  |  | 7,457 |
Residential junior lien/home equity | 5,539 |  |  | (11) |  |  | 74 |  |  | (254) |  |  | 5,348 |
Commercial real estate | 35,795 |  |  | (102) |  |  | 90 |  |  | (1,143) |  |  | 34,640 |
Multifamily | 4,379 |  |  | — |  |  | — |  |  | (548) |  |  | 3,831 |
Nonowner occupied | 26,911 |  |  | — |  |  | 80 |  |  | (893) |  |  | 26,098 |
Owner occupied | 4,505 |  |  | (102) |  |  | 10 |  |  | 298 |  |  | 4,711 |
Loans to individuals | 22,559 |  |  | (727) |  |  | 335 |  |  | 2,378 |  |  | 24,545 |
Automobile | 19,298 |  |  | (331) |  |  | 251 |  |  | 1,984 |  |  | 21,202 |
Consumer credit cards | 528 |  |  | (125) |  |  | 9 |  |  | 84 |  |  | 496 |
Consumer other | 2,733 |  |  | (271) |  |  | 75 |  |  | 310 |  |  | 2,847 |
Total loans | $ | 97,038 |  |  | $ | (2,906) |  |  | $ | 629 |  |  | $ | (576) |  |  | $ | 94,185 |
a) The provision expense(credit) shown here excludes the provision for off-balance sheet credit exposure included in the income statement.
| For the Three Months Ended September 30, 2020
| Commercial, financial, agricultural and other |  | Real estate construction |  | Residential real estate |  | Commercial real estate |  | Loans to individuals |  |  |  | Total
| (dollars in thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 24,812 |  |  | $ | 3,067 |  |  | $ | 9,239 |  |  | $ | 33,130 |  |  | $ | 9,334 |  |  |  |  | $ | 79,582 |
Charge-offs | (3,395) |  |  | — |  |  | (161) |  |  | — |  |  | (1,149) |  |  |  |  | (4,705) |
Recoveries | 44 |  |  | — |  |  | 153 |  |  | 110 |  |  | 226 |  |  |  |  | 533 |
Provision (credit) | 3,691 |  |  | 441 |  |  | (979) |  |  | 7,362 |  |  | 404 |  |  |  |  | 10,919 |
Ending balance | 25,152 |  |  | 3,508 |  |  | 8,252 |  |  | 40,602 |  |  | 8,815 |  |  |  |  | 86,329 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | 332 |  |  | 171 |  |  | — |  |  | 1,356 |  |  | — |  |  |  |  | 1,859 |
Charge-offs | — |  |  | — |  |  | (122) |  |  | — |  |  | (80) |  |  |  |  | (202) |
Recoveries | 13 |  |  | — |  |  | 13 |  |  | — |  |  | 2 |  |  |  |  | 28 |
Provision (credit) | (9) |  |  | (171) |  |  | 109 |  |  | 286 |  |  | 78 |  |  |  |  | 293 |
Ending balance | 336 |  |  | — |  |  | — |  |  | 1,642 |  |  | — |  |  |  |  | 1,978 |
Total ending balance | $ | 25,488 |  |  | $ | 3,508 |  |  | $ | 8,252 |  |  | $ | 42,244 |  |  | $ | 8,815 |  |  |  |  | $ | 88,307 |
Recorded Investment and Unpaid Principal Balance for Impaired Loans with Associated Allowance | The following tables include the recorded investment and unpaid principal balance for nonperforming loans with the associated allowance amount, if applicable, as of September 30, 2021 and December 31, 2020. Also presented are the average recorded investment in nonperforming loans and the related amount of interest recognized while the loan was considered nonperforming. Average balances are calculated using month-end balances of the loans for the period reported and are included in the table below based on their period-end allowance position.
| September 30, 2021 |  | December 31, 2020
| Recorded investment |  | Unpaid principal balance |  | Related allowance |  | Recorded investment |  | Unpaid principal balance |  | Related allowance
| (dollars in thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other | $ | 4,836 |  |  | $ | 15,308 |  |  |  |  | $ | 2,025 |  |  | $ | 2,725 |  |  |
Time and demand | 4,836 |  |  | 15,308 |  |  |  |  | 2,025 |  |  | 2,725 |  |  |
Real estate construction | 54 |  |  | 53 |  |  |  |  | 54 |  |  | 53 |  |  |
Residential real estate | 9,910 |  |  | 12,101 |  |  |  |  | 10,939 |  |  | 13,258 |  |  |
Residential first lien | 5,599 |  |  | 7,003 |  |  |  |  | 6,062 |  |  | 7,575 |  |  |
Residential junior lien/home equity | 4,311 |  |  | 5,098 |  |  |  |  | 4,877 |  |  | 5,683 |  |  |
Commercial real estate | 13,176 |  |  | 13,981 |  |  |  |  | 20,650 |  |  | 23,641 |  |  |
Multifamily | — |  |  | — |  |  |  |  | 1 |  |  | 82 |  |  |
Nonowner occupied | 11,531 |  |  | 12,147 |  |  |  |  | 16,786 |  |  | 19,459 |  |  |
Owner occupied | 1,645 |  |  | 1,834 |  |  |  |  | 3,863 |  |  | 4,100 |  |  |
Loans to individuals | 498 |  |  | 537 |  |  |  |  | 418 |  |  | 447 |  |  |
Automobile | 442 |  |  | 476 |  |  |  |  | 405 |  |  | 430 |  |  |
Consumer other | 56 |  |  | 61 |  |  |  |  | 13 |  |  | 17 |  |  |
Subtotal | 28,474 |  |  | 41,980 |  |  |  |  | 34,086 |  |  | 40,124 |  |  |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other | 1,899 |  |  | 1,898 |  |  | $ | 479 |  |  | 4,210 |  |  | 9,377 |  |  | $ | 1,268 |
Time and demand | 1,899 |  |  | 1,898 |  |  | 479 |  |  | 4,210 |  |  | 9,377 |  |  | 1,268 |
Real estate construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first lien | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential junior lien/home equity | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | 7,713 |  |  | 7,794 |  |  | 501 |  |  | 15,757 |  |  | 15,830 |  |  | 3,638 |
Multifamily | 435 |  |  | 456 |  |  | 103 |  |  | 459 |  |  | 470 |  |  | 116 |
Nonowner occupied | 6,917 |  |  | 6,979 |  |  | 338 |  |  | 15,060 |  |  | 15,122 |  |  | 3,508 |
Owner occupied | 361 |  |  | 359 |  |  | 60 |  |  | 238 |  |  | 238 |  |  | 14 |
Loans to individuals | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Automobile | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 9,612 |  |  | 9,692 |  |  | 980 |  |  | 19,967 |  |  | 25,207 |  |  | 4,906 |
Total | $ | 38,086 |  |  | $ | 51,672 |  |  | $ | 980 |  |  | $ | 54,053 |  |  | $ | 65,331 |  |  | $ | 4,906 |
|  |  |  |  | For the Nine Months Ended September 30,
|  |  |  |  | 2021 |  | 2020
|  |  | Total Loans |  | Originated Loans |  | Acquired Loans
|  |  |  |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest income recognized
|  |  |  |  | (dollars in thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | $ | 9,266 |  |  | $ | 50 |  |  | $ | 4,062 |  |  | $ | 15 |  |  | $ | 74 |  |  | $ | — |
Time and demand |  |  |  |  | 9,266 |  |  | 50 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | 54 |  |  | — |  |  | 6 |  |  | — |  |  | 137 |  |  | — |
Residential real estate |  |  |  |  | 10,504 |  |  | 275 |  |  | 10,380 |  |  | 235 |  |  | 1,772 |  |  | 18 |
Residential first lien |  |  |  |  | 5,734 |  |  | 210 |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | 4,770 |  |  | 65 |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 20,813 |  |  | 101 |  |  | 13,994 |  |  | 90 |  |  | 1,453 |  |  | 76 |
Multifamily |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 18,050 |  |  | 15 |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 2,763 |  |  | 86 |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | 486 |  |  | 12 |  |  | 469 |  |  | 9 |  |  | 11 |  |  | — |
Automobile |  |  |  |  | 433 |  |  | 12 |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | 53 |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 41,123 |  |  | 438 |  |  | 28,911 |  |  | 349 |  |  | 3,447 |  |  | 94 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | 1,820 |  |  | 50 |  |  | 4,569 |  |  | 45 |  |  | — |  |  | — |
Time and demand |  |  |  |  | 1,820 |  |  | 50 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first lien |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 7,408 |  |  | — |  |  | 13,830 |  |  | 9 |  |  | — |  |  | — |
Multifamily |  |  |  |  | 451 |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 6,917 |  |  | — |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 40 |  |  | — |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Automobile |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 9,228 |  |  | 50 |  |  | 18,399 |  |  | 54 |  |  | — |  |  | — |
Total |  |  |  |  | $ | 50,351 |  |  | $ | 488 |  |  | $ | 47,310 |  |  | $ | 403 |  |  | $ | 3,447 |  |  | $ | 94 |
|  |  |  |  | For the Three Months Ended September 30,
|  |  |  |  | 2021 |  | 2020
|  |  | Total Loans |  | Originated Loans |  | Acquired Loans
|  |  |  |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest Income Recognized |  | Average recorded investment |  | Interest Income Recognized
|  |  |  |  | (dollars in thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | $ | 9,858 |  |  | $ | 3 |  |  | $ | 1,918 |  |  | $ | 10 |  |  | $ | 74 |  |  | $ | — |
Time and demand |  |  |  |  | 9,858 |  |  | 3 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | 54 |  |  | — |  |  | 18 |  |  | — |  |  | 308 |  |  | — |
Residential real estate |  |  |  |  | 10,060 |  |  | 54 |  |  | 10,198 |  |  | 72 |  |  | 1,473 |  |  | 1 |
Residential first lien |  |  |  |  | 5,558 |  |  | 34 |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | 4,502 |  |  | 20 |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 15,967 |  |  | 68 |  |  | 14,312 |  |  | 23 |  |  | 1,440 |  |  | 76 |
Multifamily |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 13,633 |  |  | 4 |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 2,334 |  |  | 64 |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | 504 |  |  | 6 |  |  | 494 |  |  | 3 |  |  | 11 |  |  | — |
Automobile |  |  |  |  | 448 |  |  | 6 |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | 56 |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 36,443 |  |  | 131 |  |  | 26,940 |  |  | 108 |  |  | 3,306 |  |  | 77 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural and other |  |  |  |  | 1,842 |  |  | 19 |  |  | 6,423 |  |  | 16 |  |  | — |  |  | — |
Time and demand |  |  |  |  | 1,842 |  |  | 19 |  |  |  |  |  |  |  |  |
Real estate construction |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential real estate |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential first lien |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Residential junior lien/home equity |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  | 7,476 |  |  | — |  |  | 17,407 |  |  | 3 |  |  | — |  |  | — |
Multifamily |  |  |  |  | 439 |  |  | — |  |  |  |  |  |  |  |  |
Nonowner occupied |  |  |  |  | 6,917 |  |  | — |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  | 120 |  |  | — |  |  |  |  |  |  |  |  |
Loans to individuals |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Automobile |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Consumer other |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Subtotal |  |  |  |  | 9,318 |  |  | 19 |  |  | 23,830 |  |  | 19 |  |  | — |  |  | — |
Total |  |  |  |  | $ | 45,761 |  |  | $ | 150 |  |  | $ | 50,770 |  |  | $ | 127 |  |  | $ | 3,306 |  |  | $ | 77 |

X
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