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ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | 3 Months Ended
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Mar. 31, 2019
Receivables [Abstract] |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | NOTE 4. ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended March 31, 2019 and 2018:
|  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Real Estate |  |  |  |  |  |  |  |  |  |  |  |
| Commercial |  | and |  | Agri-business |  |  |  | Consumer |  |  |  |  |  |
| and |  | Multifamily |  | and |  | Other |  | 1-4 Family |  | Other |  |  |  |
(dollars in thousands) | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, January 1 | $22,518 |  | $15,393 |  | $4,305 |  | $368 |  | $2,292 |  | $283 |  | $3,294 |  | $48,453
Provision for loan losses | 1,493 |  | 18 |  | (161) |  | 5 |  | 45 |  | 85 |  | (285) |  | 1,200
Loans charged-off | (83) |  | 0 |  | 0 |  | 0 |  | (82) |  | (119) |  | 0 |  | (284)
Recoveries | 102 |  | 36 |  | 2 |  | 0 |  | 11 |  | 42 |  | 0 |  | 193
Net loans charged-off | 19 |  | 36 |  | 2 |  | 0 |  | (71) |  | (77) |  | 0 |  | (91)
Ending balance | $24,030 |  | $15,447 |  | $4,146 |  | $373 |  | $2,266 |  | $291 |  | $3,009 |  | $49,562
|  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Real Estate |  |  |  |  |  |  |  |  |  |  |  |
| Commercial |  | and |  | Agri-business |  |  |  | Consumer |  |  |  |  |  |
| and |  | Multifamily |  | and |  | Other |  | 1-4 Family |  | Other |  |  |  |
(dollars in thousands) | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
Three Months Ended March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, January 1 | $21,097 |  | $14,714 |  | $4,920 |  | $577 |  | $2,768 |  | $379 |  | $2,666 |  | $47,121
Provision for loan losses | 3,902 |  | 207 |  | (76) |  | (67) |  | (794) |  | (49) |  | 177 |  | 3,300
Loans charged-off | (4,360) |  | (491) |  | 0 |  | 0 |  | (7) |  | (119) |  | 0 |  | (4,977)
Recoveries | 86 |  | 8 |  | 4 |  | 0 |  | 51 |  | 34 |  | 0 |  | 183
Net loans charged-off | (4,274) |  | (483) |  | 4 |  | 0 |  | 44 |  | (85) |  | 0 |  | (4,794)
Ending balance | $20,725 |  | $14,438 |  | $4,848 |  | $510 |  | $2,018 |  | $245 |  | $2,843 |  | $45,627
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2019 and December 31, 2018:
|  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Real Estate |  |  |  |  |  |  |  |  |  |  |  |
| Commercial |  | and |  | Agri-business |  |  |  | Consumer |  |  |  |  |  |
| and |  | Multifamily |  | and |  | Other |  | 1-4 Family |  | Other |  |  |  |
(dollars in thousands) | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $8,860 |  | $398 |  | $81 |  | $0 |  | $467 |  | $28 |  | $0 |  | $9,834
Collectively evaluated for impairment | 15,170 |  | 15,049 |  | 4,065 |  | 373 |  | 1,799 |  | 263 |  | 3,009 |  | 39,728
Total ending allowance balance | $24,030 |  | $15,447 |  | $4,146 |  | $373 |  | $2,266 |  | $291 |  | $3,009 |  | $49,562
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $18,611 |  | $3,441 |  | $430 |  | $0 |  | $2,022 |  | $43 |  | $0 |  | $24,547
Loans collectively evaluated for impairment | 1,408,737 |  | 1,623,594 |  | 301,976 |  | 111,875 |  | 383,913 |  | 84,368 |  | 0 |  | 3,914,463
Total ending loans balance | $1,427,348 |  | $1,627,035 |  | $302,406 |  | $111,875 |  | $385,935 |  | $84,411 |  | $0 |  | $3,939,010
|  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Real Estate |  |  |  |  |  |  |  |  |  |  |  |
| Commercial |  | and |  | Agri-business |  |  |  | Consumer |  |  |  |  |  |
| and |  | Multifamily |  | and |  | Other |  | 1-4 Family |  | Other |  |  |  |
(dollars in thousands) | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $8,552 |  | $921 |  | $73 |  | $0 |  | $457 |  | $26 |  | $0 |  | $10,029
Collectively evaluated for impairment | 13,966 |  | 14,472 |  | 4,232 |  | 368 |  | 1,835 |  | 257 |  | 3,294 |  | 38,424
Total ending allowance balance | $22,518 |  | $15,393 |  | $4,305 |  | $368 |  | $2,292 |  | $283 |  | $3,294 |  | $48,453
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $19,734 |  | $4,266 |  | $433 |  | $0 |  | $2,240 |  | $44 |  | $0 |  | $26,717
Loans collectively evaluated for impairment | 1,385,604 |  | 1,562,899 |  | 370,174 |  | 95,520 |  | 388,053 |  | 85,778 |  | 0 |  | 3,888,028
Total ending loans balance | $1,405,338 |  | $1,567,165 |  | $370,607 |  | $95,520 |  | $390,293 |  | $85,822 |  | $0 |  | $3,914,745
The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2019:
|  | Unpaid |  |  |  |  |  | Allowance for |
|  | Principal |  |  | Recorded |  |  | Loan Losses |
(dollars in thousands) |  | Balance |  |  | Investment |  |  | Allocated |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 2,904 |  |  | $ | 212 |  |  | $ | 0 |
Non-working capital loans |  |  | 2,345 |  |  |  | 950 |  |  |  | 0 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied loans |  |  | 2,272 |  |  |  | 1,667 |  |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 603 |  |  |  | 283 |  |  |  | 0 |
Consumer 1-4 family loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 224 |  |  |  | 143 |  |  |  | 0 |
Open end and junior lien loans |  |  | 98 |  |  |  | 98 |  |  |  | 0 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  |  | 6,698 |  |  |  | 6,390 |  |  |  | 2,874 |
Non-working capital loans |  |  | 11,016 |  |  |  | 11,059 |  |  |  | 5,986 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied loans |  |  | 1,774 |  |  |  | 1,774 |  |  |  | 398 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 147 |  |  |  | 147 |  |  |  | 81 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 1,779 |  |  |  | 1,781 |  |  |  | 467 |
Other consumer loans |  |  | 43 |  |  |  | 43 |  |  |  | 28 |
Total |  | $ | 29,903 |  |  | $ | 24,547 |  |  | $ | 9,834 |
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2018:
|  | Unpaid |  |  |  |  |  | Allowance for |
|  | Principal |  |  | Recorded |  |  | Loan Losses |
(dollars in thousands) |  | Balance |  |  | Investment |  |  | Allocated |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Non-working capital loans |  | $ | 3,284 |  |  | $ | 1,889 |  |  | $ | 0 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied loans |  |  | 1,773 |  |  |  | 1,527 |  |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 603 |  |  |  | 283 |  |  |  | 0 |
Consumer 1-4 family loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 583 |  |  |  | 502 |  |  |  | 0 |
Open end and junior lien loans |  |  | 220 |  |  |  | 220 |  |  |  | 0 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  |  | 9,691 |  |  |  | 6,694 |  |  |  | 2,602 |
Non-working capital loans |  |  | 11,099 |  |  |  | 11,151 |  |  |  | 5,950 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 291 |  |  |  | 291 |  |  |  | 142 |
Owner occupied loans |  |  | 2,938 |  |  |  | 2,448 |  |  |  | 779 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 150 |  |  |  | 150 |  |  |  | 73 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 1,517 |  |  |  | 1,518 |  |  |  | 457 |
Other consumer loans |  |  | 45 |  |  |  | 44 |  |  |  | 26 |
Total |  | $ | 32,194 |  |  | $ | 26,717 |  |  | $ | 10,029 |
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended March 31, 2019:
|  |  |  |  |  |  |  | Cash Basis |
|  | Average |  |  | Interest |  |  | Interest |
|  | Recorded |  |  | Income |  |  | Income |
(dollars in thousands) |  | Investment |  |  | Recognized |  |  | Recognized |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 155 |  |  | $ | 1 |  |  | $ | 0 |
Non-working capital loans |  |  | 1,549 |  |  |  | 29 |  |  |  | 24 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied loans |  |  | 1,621 |  |  |  | 11 |  |  |  | 8 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 283 |  |  |  | 0 |  |  |  | 0 |
Consumer 1-4 family loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 380 |  |  |  | 1 |  |  |  | 1 |
Open end and junior lien loans |  |  | 193 |  |  |  | 0 |  |  |  | 0 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  |  | 6,487 |  |  |  | 72 |  |  |  | 59 |
Non-working capital loans |  |  | 11,416 |  |  |  | 132 |  |  |  | 128 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied loans |  |  | 2,080 |  |  |  | 13 |  |  |  | 12 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 147 |  |  |  | 2 |  |  |  | 1 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 1,598 |  |  |  | 12 |  |  |  | 12 |
Other consumer loans |  |  | 43 |  |  |  | 1 |  |  |  | 1 |
Total |  | $ | 25,952 |  |  | $ | 274 |  |  | $ | 246 |
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended March 31, 2018:
|  |  |  |  |  |  |  | Cash Basis |
|  | Average |  |  | Interest |  |  | Interest |
|  | Recorded |  |  | Income |  |  | Income |
(dollars in thousands) |  | Investment |  |  | Recognized |  |  | Recognized |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 1,011 |  |  | $ | 7 |  |  | $ | 2 |
Non-working capital loans |  |  | 1,728 |  |  |  | 15 |  |  |  | 5 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 102 |  |  |  | 1 |  |  |  | 0 |
Owner occupied loans |  |  | 2,557 |  |  |  | 7 |  |  |  | 2 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 283 |  |  |  | 0 |  |  |  | 0 |
Consumer 1-4 family loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 543 |  |  |  | 2 |  |  |  | 1 |
Open end and junior lien loans |  |  | 92 |  |  |  | 0 |  |  |  | 0 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  |  | 1,608 |  |  |  | 2 |  |  |  | 1 |
Non-working capital loans |  |  | 3,216 |  |  |  | 2 |  |  |  | 0 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 721 |  |  |  | 11 |  |  |  | 5 |
Owner occupied loans |  |  | 1,194 |  |  |  | 0 |  |  |  | 0 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 968 |  |  |  | 7 |  |  |  | 4 |
Open end and junior lien loans |  |  | 154 |  |  |  | 0 |  |  |  | 0 |
Other consumer loans |  |  | 49 |  |  |  | 1 |  |  |  | 0 |
Total |  | $ | 14,226 |  |  | $ | 55 |  |  | $ | 20 |
The following table presents the aging of the recorded investment in past due loans as of March 31, 2019 by class of loans:
|  |  |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  |  |
|  |  |  |  | 30-89 |  |  | 90 Days Past |  |  |  |  |  | Total Past |  |  |  |
|  | Loans Not |  |  | Days |  |  | Due and Still |  |  |  |  |  | Due and |  |  |  |
(dollars in thousands) |  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Nonaccrual |  |  | Nonaccrual |  |  | Total |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 720,597 |  |  | $ | 4,308 |  |  | $ | 0 |  |  | $ | 2,118 |  |  | $ | 6,426 |  |  | $ | 727,023 |
Non-working capital loans |  |  | 695,711 |  |  |  | 3,354 |  |  |  | 0 |  |  |  | 1,260 |  |  |  | 4,614 |  |  |  | 700,325 |
Commercial real estate and multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 292,627 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 292,627 |
Owner occupied loans |  |  | 554,668 |  |  |  | 47 |  |  |  | 481 |  |  |  | 1,749 |  |  |  | 2,277 |  |  |  | 556,945 |
Nonowner occupied loans |  |  | 536,900 |  |  |  | 142 |  |  |  | 0 |  |  |  | 0 |  |  |  | 142 |  |  |  | 537,042 |
Multifamily loans |  |  | 240,421 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 240,421 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 139,230 |  |  |  | 147 |  |  |  | 0 |  |  |  | 283 |  |  |  | 430 |  |  |  | 139,660 |
Loans for agricultural production |  |  | 162,746 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 162,746 |
Other commercial loans |  |  | 111,875 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 111,875 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 186,373 |  |  |  | 1,466 |  |  |  | 0 |  |  |  | 588 |  |  |  | 2,054 |  |  |  | 188,427 |
Open end and junior lien loans |  |  | 184,217 |  |  |  | 87 |  |  |  | 0 |  |  |  | 98 |  |  |  | 185 |  |  |  | 184,402 |
Residential construction loans |  |  | 13,106 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 13,106 |
Other consumer loans |  |  | 84,265 |  |  |  | 146 |  |  |  | 0 |  |  |  | 0 |  |  |  | 146 |  |  |  | 84,411 |
Total |  | $ | 3,922,736 |  |  | $ | 9,697 |  |  | $ | 481 |  |  | $ | 6,096 |  |  | $ | 16,274 |  |  | $ | 3,939,010 |
The following table presents the aging of the recorded investment in past due loans as of December 31, 2018 by class of loans:
|  |  |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  |  |
|  |  |  |  | 30-89 |  |  | 90 Days Past |  |  |  |  |  | Total Past |  |  |  |
|  | Loans Not |  |  | Days |  |  | Due and Still |  |  |  |  |  | Due and |  |  |  |
(dollars in thousands) |  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Nonaccrual |  |  | Nonaccrual |  |  | Total |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 684,191 |  |  | $ | 4,328 |  |  | $ | 0 |  |  | $ | 2,245 |  |  | $ | 6,573 |  |  | $ | 690,764 |
Non-working capital loans |  |  | 709,629 |  |  |  | 3,368 |  |  |  | 0 |  |  |  | 1,577 |  |  |  | 4,945 |  |  |  | 714,574 |
Commercial real estate and multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 265,544 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 265,544 |
Owner occupied loans |  |  | 583,214 |  |  |  | 486 |  |  |  | 0 |  |  |  | 2,269 |  |  |  | 2,755 |  |  |  | 585,969 |
Nonowner occupied loans |  |  | 520,431 |  |  |  | 57 |  |  |  | 0 |  |  |  | 0 |  |  |  | 57 |  |  |  | 520,488 |
Multi-family loans |  |  | 195,164 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 195,164 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 177,080 |  |  |  | 150 |  |  |  | 0 |  |  |  | 283 |  |  |  | 433 |  |  |  | 177,513 |
Loans for agricultural production |  |  | 193,094 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 193,094 |
Other commercial loans |  |  | 95,520 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 95,520 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 183,420 |  |  |  | 1,370 |  |  |  | 0 |  |  |  | 671 |  |  |  | 2,041 |  |  |  | 185,461 |
Open end and junior lien loans |  |  | 188,320 |  |  |  | 98 |  |  |  | 0 |  |  |  | 220 |  |  |  | 318 |  |  |  | 188,638 |
Residential construction loans |  |  | 16,194 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 16,194 |
Other consumer loans |  |  | 85,654 |  |  |  | 168 |  |  |  | 0 |  |  |  | 0 |  |  |  | 168 |  |  |  | 85,822 |
Total |  | $ | 3,897,455 |  |  | $ | 10,025 |  |  | $ | 0 |  |  | $ | 7,265 |  |  | $ | 17,290 |  |  | $ | 3,914,745 |
Troubled Debt Restructurings: Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $2.9 million and $3.7 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of March 31, 2019 and December 31, 2018, respectively. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring.
|  | March 31 |  |  | December 31 |
(dollars in thousands) |  | 2019 |  |  | 2018 |
Accruing troubled debt restructured loans |  | $ | 6,196 |  |  | $ | 8,016 |
Nonaccrual troubled debt restructured loans |  |  | 3,812 |  |  |  | 4,384 |
Total troubled debt restructured loans |  | $ | 10,008 |  |  | $ | 12,400 |
During the three months ending March 31, 2019, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the period. One of the loans is for a commercial real estate building where the cash flow does not support the loan with a recorded investment of $533,000. The other loan is for commercial and industrial non-working capital purposes and this borrower had a recorded investment of $70,000 that was subsequently paid off prior to March 31, 2019. These concessions are not included in table below. The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended March 31, 2019:
|  |  |  |  | Modified Repayment Terms |
|  |  |  |  | Pre-Modification |  |  | Post-Modification |  |  |  |  |  | Extension |
|  |  |  |  | Outstanding |  |  | Outstanding |  |  |  |  |  | Period or |
|  | Number of |  |  | Recorded |  |  | Recorded |  |  | Number of |  |  | Range |
(dollars in thousands) |  | Loans |  |  | Investment |  |  | Investment |  |  | Loans |  |  | (in months) |
Troubled Debt Restructurings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  |  | 1 |  |  |  | 35 |  |  |  | 35 |  |  |  | 1 |  |  |  | 0 |
Total |  |  | 1 |  |  | $ | 35 |  |  | $ | 35 |  |  |  | 1 |  |  |  | 0 |
For the three month period ending March 31, 2019, the troubled debt restructurings described above did not impact the allowance for loan losses and no charge-offs were recorded. During the three months ended March 31, 2018, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the period. The loan to one of the borrowers is for a commercial real estate building where the collateral value and cash flows from the companies occupying the buildings do not support the loan with recorded investments of $341,000. The loans to two other borrowers are for commercial and industrial capital and non-working capital loans with recorded investments of $551,000. These concessions are not included in the following table.
The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended March 31, 2018:
|  |  |  |  | Modified Repayment Terms |
|  |  |  |  | Pre-Modification |  |  | Post-Modification |  |  |  |  |  | Extension |
|  |  |  |  | Outstanding |  |  | Outstanding |  |  |  |  |  | Period or |
|  | Number of |  |  | Recorded |  |  | Recorded |  |  | Number of |  |  | Range |
(dollars in thousands) |  | Loans |  |  | Investment |  |  | Investment |  |  | Loans |  |  | (in months) |
Troubled Debt Restructurings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  |  | 1 |  |  | $ | 600 |  |  | $ | 600 |  |  |  | 1 |  |  |  | 0 |
Non-working capital loans |  |  | 1 |  |  |  | 1,400 |  |  |  | 1,400 |  |  |  | 1 |  |  |  | 0 |
Commercial real estate and multi- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
development loans |  |  | 1 |  |  |  | 824 |  |  |  | 824 |  |  |  | 1 |  |  |  | 12 |
Owner occupied loans |  |  | 1 |  |  |  | 387 |  |  |  | 387 |  |  |  | 1 |  |  |  | 12 |
Consumer 1-4 family loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 1 |  |  |  | 198 |  |  |  | 197 |  |  |  | 1 |  |  |  | 239 |
Total |  |  | 5 |  |  | $ | 3,409 |  |  | $ | 3,408 |  |  |  | 5 |  |  |  | 0 - 239 |
For the three-month period ending March 31, 2018, the troubled debt restructurings described in the table above decreased the allowance for loan losses by $227,000, primarily due to the reduction of the allowance for loan losses on the construction and land development loan described in the table above. For the three-month period ending March 31, 2018, charge-offs of $1.6 million were recorded on the troubled debt restructurings described in the table above, which were from the charge-offs taken on the two commercial and industrial loans described in the table above. Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis for Special Mention, Substandard and Doubtful grade loans and annually on Pass grade loans over $250,000. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as Special Mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be Pass rated loans with the exception of consumer troubled debt restructurings which are evaluated and listed with Substandard commercial grade loans and consumer nonaccrual loans which are evaluated individually and listed with Not Rated loans. Loans listed as Not Rated are consumer loans or commercial loans with consumer characteristics included in groups of homogenous loans which are analyzed for credit quality indicators utilizing delinquency status. As of March 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
|  |  |  |  | Special |  |  |  |  |  |  |  |  | Not |  |  |  |
(dollars in thousands) |  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Rated |  |  | Total |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 638,075 |  |  | $ | 59,140 |  |  | $ | 29,489 |  |  | $ | 0 |  |  | $ | 319 |  |  | $ | 727,023 |
Non-working capital loans |  |  | 651,748 |  |  |  | 17,072 |  |  |  | 25,632 |  |  |  | 0 |  |  |  | 5,873 |  |  |  | 700,325 |
Commercial real estate and multi- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 292,275 |  |  |  | 352 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 292,627 |
Owner occupied loans |  |  | 509,539 |  |  |  | 25,024 |  |  |  | 22,382 |  |  |  | 0 |  |  |  | 0 |  |  |  | 556,945 |
Nonowner occupied loans |  |  | 533,975 |  |  |  | 2,439 |  |  |  | 628 |  |  |  | 0 |  |  |  | 0 |  |  |  | 537,042 |
Multifamily loans |  |  | 240,211 |  |  |  | 210 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 240,421 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 128,492 |  |  |  | 9,388 |  |  |  | 1,780 |  |  |  | 0 |  |  |  | 0 |  |  |  | 139,660 |
Loans for agricultural production |  |  | 153,470 |  |  |  | 7,476 |  |  |  | 1,800 |  |  |  | 0 |  |  |  | 0 |  |  |  | 162,746 |
Other commercial loans |  |  | 111,871 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4 |  |  |  | 111,875 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 56,681 |  |  |  | 0 |  |  |  | 1,924 |  |  |  | 0 |  |  |  | 129,822 |  |  |  | 188,427 |
Open end and junior lien loans |  |  | 8,613 |  |  |  | 0 |  |  |  | 98 |  |  |  | 0 |  |  |  | 175,691 |  |  |  | 184,402 |
Residential construction loans |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 13,106 |  |  |  | 13,106 |
Other consumer loans |  |  | 12,868 |  |  |  | 0 |  |  |  | 43 |  |  |  | 0 |  |  |  | 71,500 |  |  |  | 84,411 |
Total |  | $ | 3,337,818 |  |  | $ | 121,101 |  |  | $ | 83,776 |  |  | $ | 0 |  |  | $ | 396,315 |  |  | $ | 3,939,010 |
As of December 31, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
|  |  |  |  | Special |  |  |  |  |  |  |  |  | Not |  |  |  |
(dollars in thousands) |  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Rated |  |  | Total |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 618,612 |  |  | $ | 43,240 |  |  | $ | 28,563 |  |  | $ | 0 |  |  | $ | 349 |  |  | $ | 690,764 |
Non-working capital loans |  |  | 664,787 |  |  |  | 15,992 |  |  |  | 27,548 |  |  |  | 0 |  |  |  | 6,247 |  |  |  | 714,574 |
Commercial real estate and multi- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  |  | 264,900 |  |  |  | 353 |  |  |  | 291 |  |  |  | 0 |  |  |  | 0 |  |  |  | 265,544 |
Owner occupied loans |  |  | 541,734 |  |  |  | 21,864 |  |  |  | 22,371 |  |  |  | 0 |  |  |  | 0 |  |  |  | 585,969 |
Nonowner occupied loans |  |  | 517,356 |  |  |  | 2,491 |  |  |  | 641 |  |  |  | 0 |  |  |  | 0 |  |  |  | 520,488 |
Multifamily loans |  |  | 194,948 |  |  |  | 216 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 195,164 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  |  | 166,623 |  |  |  | 9,107 |  |  |  | 1,783 |  |  |  | 0 |  |  |  | 0 |  |  |  | 177,513 |
Loans for agricultural production |  |  | 183,189 |  |  |  | 8,155 |  |  |  | 1,750 |  |  |  | 0 |  |  |  | 0 |  |  |  | 193,094 |
Other commercial loans |  |  | 95,516 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4 |  |  |  | 95,520 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  | 54,879 |  |  |  | 0 |  |  |  | 2,021 |  |  |  | 0 |  |  |  | 128,561 |  |  |  | 185,461 |
Open end and junior lien loans |  |  | 8,810 |  |  |  | 0 |  |  |  | 220 |  |  |  | 0 |  |  |  | 179,608 |  |  |  | 188,638 |
Residential construction loans |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 16,194 |  |  |  | 16,194 |
Other consumer loans |  |  | 12,700 |  |  |  | 0 |  |  |  | 44 |  |  |  | 0 |  |  |  | 73,078 |  |  |  | 85,822 |
Total |  | $ | 3,324,054 |  |  | $ | 101,418 |  |  | $ | 85,232 |  |  | $ | 0 |  |  | $ | 404,041 |  |  | $ | 3,914,745 |

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