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ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | 9 Months Ended
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Sep. 30, 2020
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY |
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 September 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance, July 1 | ​ | $ | 26,744 | ​ | $ | 21,063 | ​ | $ | 3,408 | ​ | $ | 542 | ​ | $ | 3,434 | ​ | $ | 774 | ​ | $ | 3,054 | ​ | $ | 59,019
Provision for loan losses | ​ |  | 1,574 | ​ | ​ | 175 | ​ | ​ | (314) | ​ | ​ | 30 | ​ | ​ | (50) | ​ | ​ | 237 | ​ | ​ | 98 | ​ | ​ | 1,750
Loans charged-off | ​ |  | (6) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (70) | ​ | ​ | (229) | ​ | ​ | 0 | ​ | ​ | (305)
Recoveries | ​ |  | 51 | ​ | ​ | 177 | ​ | ​ | 3 | ​ | ​ | 0 | ​ | ​ | 4 | ​ | ​ | 48 | ​ | ​ | 0 | ​ | ​ | 283
Net loans charged-off | ​ |  | 45 | ​ | ​ | 177 | ​ | ​ | 3 | ​ | ​ | 0 | ​ | ​ | (66) | ​ | ​ | (181) | ​ | ​ | 0 | ​ | ​ | (22)
Ending balance | ​ | $ | 28,363 | ​ | $ | 21,415 | ​ | $ | 3,097 | ​ | $ | 572 | ​ | $ | 3,318 | ​ | $ | 830 | ​ | $ | 3,152 | ​ | $ | 60,747
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 September 30, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance, July 1 | ​ | $ | 25,024 | ​ | $ | 15,492 | ​ | $ | 3,906 | ​ | $ | 355 | ​ | $ | 2,153 | ​ | $ | 289 | ​ | $ | 3,345 | ​ | $ | 50,564
Provision for loan losses | ​ |  | 943 | ​ | ​ | 474 | ​ | ​ | (4) | ​ | ​ | 28 | ​ | ​ | (93) | ​ | ​ | 67 | ​ | ​ | (415) | ​ | ​ | 1,000
Loans charged-off | ​ |  | (1,123) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (23) | ​ | ​ | (75) | ​ | ​ | 0 | ​ | ​ | (1,221)
Recoveries | ​ |  | 133 | ​ | ​ | 44 | ​ | ​ | 2 | ​ | ​ | 0 | ​ | ​ | 83 | ​ | ​ | 23 | ​ | ​ | 0 | ​ | ​ | 285
Net loans charged-off | ​ |  | (990) | ​ | ​ | 44 | ​ | ​ | 2 | ​ | ​ | 0 | ​ | ​ | 60 | ​ | ​ | (52) | ​ | ​ | 0 | ​ | ​ | (936)
Ending balance | ​ | $ | 24,977 | ​ | $ | 16,010 | ​ | $ | 3,904 | ​ | $ | 383 | ​ | $ | 2,120 | ​ | $ | 304 | ​ | $ | 2,930 | ​ | $ | 50,628
​ The following tables present the activity in the allowance for loan losses by portfolio segment for the nine-month periods ended September 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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
Nine Months Ended September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance, January 1 | ​ | $ | 25,789 | ​ | $ | 15,796 | ​ | $ | 3,869 | ​ | $ | 447 | ​ | $ | 2,086 | ​ | $ | 345 | ​ | $ | 2,320 | ​ | $ | 50,652
Provision for loan losses | ​ |  | 6,264 | ​ | ​ | 5,312 | ​ | ​ | (780) | ​ | ​ | 125 | ​ | ​ | 1,298 | ​ | ​ | 799 | ​ | ​ | 832 | ​ | ​ | 13,850
Loans charged-off | ​ |  | (4,037) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (83) | ​ | ​ | (445) | ​ | ​ | 0 | ​ | ​ | (4,565)
Recoveries | ​ |  | 347 | ​ | ​ | 307 | ​ | ​ | 8 | ​ | ​ | 0 | ​ | ​ | 17 | ​ | ​ | 131 | ​ | ​ | 0 | ​ | ​ | 810
Net loans charged-off | ​ |  | (3,690) | ​ | ​ | 307 | ​ | ​ | 8 | ​ | ​ | 0 | ​ | ​ | (66) | ​ | ​ | (314) | ​ | ​ | 0 | ​ | ​ | (3,755)
Ending balance | ​ | $ | 28,363 | ​ | $ | 21,415 | ​ | $ | 3,097 | ​ | $ | 572 | ​ | $ | 3,318 | ​ | $ | 830 | ​ | $ | 3,152 | ​ | $ | 60,747
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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
Nine Months Ended September 30, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance, January 1 | ​ | $ | 22,518 | ​ | $ | 15,393 | ​ | $ | 4,305 | ​ | $ | 368 | ​ | $ | 2,292 | ​ | $ | 283 | ​ | $ | 3,294 | ​ | $ | 48,453
Provision for loan losses | ​ |  | 3,260 | ​ | ​ | 461 | ​ | ​ | (407) | ​ | ​ | 15 | ​ | ​ | (172) | ​ | ​ | 192 | ​ | ​ | (364) | ​ | ​ | 2,985
Loans charged-off | ​ |  | (1,223) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (110) | ​ | ​ | (256) | ​ | ​ | 0 | ​ | ​ | (1,589)
Recoveries | ​ |  | 422 | ​ | ​ | 156 | ​ | ​ | 6 | ​ | ​ | 0 | ​ | ​ | 110 | ​ | ​ | 85 | ​ | ​ | 0 | ​ | ​ | 779
Net loans charged-off | ​ |  | (801) | ​ | ​ | 156 | ​ | ​ | 6 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (171) | ​ | ​ | 0 | ​ | ​ | (810)
Ending balance | ​ | $ | 24,977 | ​ | $ | 16,010 | ​ | $ | 3,904 | ​ | $ | 383 | ​ | $ | 2,120 | ​ | $ | 304 | ​ | $ | 2,930 | ​ | $ | 50,628
​ 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 September 30, 2020 and December 31, 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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
September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending allowance balance attributable to loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 6,345 | ​ | $ | 1,313 | ​ | $ | 64 | ​ | $ | 0 | ​ | $ | 328 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 8,050
Collectively evaluated for impairment | ​ |  | 22,018 | ​ | ​ | 20,102 | ​ | ​ | 3,033 | ​ | ​ | 572 | ​ | ​ | 2,990 | ​ | ​ | 830 | ​ | ​ | 3,152 | ​ | ​ | 52,697
Total ending allowance balance | ​ | $ | 28,363 | ​ | $ | 21,415 | ​ | $ | 3,097 | ​ | $ | 572 | ​ | $ | 3,318 | ​ | $ | 830 | ​ | $ | 3,152 | ​ | $ | 60,747
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans individually evaluated for impairment | ​ | $ | 13,591 | ​ | $ | 6,030 | ​ | $ | 428 | ​ | $ | 0 | ​ | $ | 2,437 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 22,486
Loans collectively evaluated for impairment | ​ |  | 1,824,156 | ​ | ​ | 1,851,790 | ​ | ​ | 337,736 | ​ | ​ | 97,428 | ​ | ​ | 351,287 | ​ | ​ | 105,041 | ​ | ​ | 0 | ​ | ​ | 4,567,438
Total ending loans balance | ​ | $ | 1,837,747 | ​ | $ | 1,857,820 | ​ | $ | 338,164 | ​ | $ | 97,428 | ​ | $ | 353,724 | ​ | $ | 105,041 | ​ | $ | 0 | ​ | $ | 4,589,924
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending allowance balance attributable to loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 9,324 | ​ | $ | 538 | ​ | $ | 90 | ​ | $ | 0 | ​ | $ | 426 | ​ | $ | 6 | ​ | $ | 0 | ​ | $ | 10,384
Collectively evaluated for impairment | ​ |  | 16,465 | ​ | ​ | 15,258 | ​ | ​ | 3,779 | ​ | ​ | 447 | ​ | ​ | 1,660 | ​ | ​ | 339 | ​ | ​ | 2,320 | ​ | ​ | 40,268
Total ending allowance balance | ​ | $ | 25,789 | ​ | $ | 15,796 | ​ | $ | 3,869 | ​ | $ | 447 | ​ | $ | 2,086 | ​ | $ | 345 | ​ | $ | 2,320 | ​ | $ | 50,652
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans individually evaluated for impairment | ​ | $ | 19,580 | ​ | $ | 4,998 | ​ | $ | 445 | ​ | $ | 0 | ​ | $ | 2,789 | ​ | $ | 17 | ​ | $ | 0 | ​ | $ | 27,829
Loans collectively evaluated for impairment | ​ |  | 1,407,246 | ​ | ​ | 1,665,842 | ​ | ​ | 379,186 | ​ | ​ | 112,166 | ​ | ​ | 375,210 | ​ | ​ | 98,349 | ​ | ​ | 0 | ​ | ​ | 4,037,999
Total ending loans balance | ​ | $ | 1,426,826 | ​ | $ | 1,670,840 | ​ | $ | 379,631 | ​ | $ | 112,166 | ​ | $ | 377,999 | ​ | $ | 98,366 | ​ | $ | 0 | ​ | $ | 4,065,828
​ The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​ | $ | 2,053 | ​ | $ | 174 | ​ | $ | 0
Non-working capital loans | ​ | ​ | 3,070 | ​ | ​ | 974 | ​ | ​ | 0
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,039 | ​ | ​ | 2,039 | ​ | ​ | 0
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 603 | ​ | ​ | 283 | ​ | ​ | 0
Consumer 1‑4 family loans: | ​ |  |  | ​ |  | ​ | ​ |  |
Closed end first mortgage loans | ​ |  | 339 | ​ | ​ | 258 | ​ | ​ | 0
Open end and junior lien loans | ​ |  | 91 | ​ | ​ | 64 | ​ | ​ | 0
Residential construction loans | ​ | ​ | 25 | ​ | ​ | 25 | ​ | ​ | 0
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 877 | ​ | ​ | 876 | ​ | ​ | 444
Non-working capital loans | ​ |  | 12,252 | ​ | ​ | 11,567 | ​ | ​ | 5,901
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,990 | ​ | ​ | 3,991 | ​ | ​ | 1,313
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 145 | ​ | ​ | 145 | ​ | ​ | 64
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,468 | ​ | ​ | 1,470 | ​ | ​ | 293
Open end and junior lien loans | ​ | ​ | 621 | ​ | ​ | 620 | ​ | ​ | 35
Total | ​ | $ | 27,573 | ​ | $ | 22,486 | ​ | $ | 8,050
​ The following table presents loans individually evaluated for impairment by class of loans as of December 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 | ​ | $ | 22 | ​ | $ | 22 | ​ | $ | 0
Non-working capital loans | ​ | ​ | 2,130 | ​ | ​ | 735 | ​ | ​ | 0
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,189 | ​ | ​ | 3,010 | ​ | ​ | 0
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 603 | ​ | ​ | 283 | ​ | ​ | 0
Loans for ag production | ​ | ​ | 15 | ​ | ​ | 15 | ​ | ​ | 0
Consumer 1‑4 family loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ | ​ | 411 | ​ | ​ | 330 | ​ | ​ | 0
Open end and junior lien loans | ​ |  | 121 | ​ | ​ | 121 | ​ | ​ | 0
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 6,214 | ​ | ​ | 6,214 | ​ | ​ | 3,089
Non-working capital loans | ​ |  | 13,230 | ​ | ​ | 12,609 | ​ | ​ | 6,235
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 1,988 | ​ | ​ | 1,988 | ​ | ​ | 538
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ | ​ | 147 | ​ | ​ | 147 | ​ | ​ | 90
Consumer 1‑4 family mortgage loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,643 | ​ | ​ | 1,646 | ​ | ​ | 363
Open end and junior lien loans | ​ | ​ | 641 | ​ | ​ | 640 | ​ | ​ | 53
Residential construction loans | ​ | ​ | 51 | ​ | ​ | 52 | ​ | ​ | 10
Other consumer loans | ​ |  | 17 | ​ | ​ | 17 | ​ | ​ | 6
Total | ​ | $ | 30,422 | ​ | $ | 27,829 | ​ | $ | 10,384
​ The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended September 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  |  | ​ |  | 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 | ​ | $ | 174 | ​ | $ | 0 | ​ | $ | 0
Non-working capital loans | ​ |  | 995 | ​ | ​ | 5 | ​ | ​ | 5
Commercial real estate and multi-family residential loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,054 | ​ | ​ | 4 | ​ | ​ | 4
Agri-business and agricultural loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1‑4 family loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 274 | ​ | ​ | 0 | ​ | ​ | 0
Open end and junior lien loans | ​ |  | 54 | ​ | ​ | 0 | ​ | ​ | 0
Residential construction loans | ​ | ​ | 8 | ​ | ​ | 0 | ​ | ​ | 0
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 1,546 | ​ | ​ | 0 | ​ | ​ | 0
Non-working capital loans | ​ |  | 11,970 | ​ | ​ | 63 | ​ | ​ | 63
Commercial real estate and multi-family residential loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,994 | ​ | ​ | 0 | ​ | ​ | 0
Agri-business and agricultural loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 146 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1‑4 family mortgage loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,520 | ​ | ​ | 9 | ​ | ​ | 9
Open end and junior lien loans | ​ |  | 648 | ​ | ​ | 0 | ​ | ​ | 0
Residential construction loans | ​ | ​ | 35 | ​ | ​ | 0 | ​ | ​ | 0
Total | ​ | $ | 23,701 | ​ | $ | 81 | ​ | $ | 81
​ The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended September 30, 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 | ​ | $ | 165 | ​ | $ | 2 | ​ | $ | 2
Non-working capital loans | ​ |  | 1,394 | ​ | ​ | 1 | ​ | ​ | 1
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,266 | ​ | ​ | 7 | ​ | ​ | 7
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1‑4 family loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 211 | ​ | ​ | 0 | ​ | ​ | 0
Open end and junior lien loans | ​ |  | 137 | ​ | ​ | 0 | ​ | ​ | 0
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 6,313 | ​ | ​ | 0 | ​ | ​ | 0
Non-working capital loans | ​ |  | 12,088 | ​ | ​ | 96 | ​ | ​ | 96
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 1,676 | ​ | ​ | 8 | ​ | ​ | 8
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 147 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,625 | ​ | ​ | 10 | ​ | ​ | 9
Open end and junior lien loans | ​ |  | 433 | ​ | ​ | 0 | ​ | ​ | 0
Total | ​ | $ | 27,738 | ​ | $ | 124 | ​ | $ | 123
​ The following table presents loans individually evaluated for impairment by class of loans as of and for the nine-month period ended September 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  |  | ​ |  | 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 | ​ | $ | 442 | ​ | $ | 0 | ​ | $ | 0
Non-working capital loans | ​ |  | 766 | ​ | ​ | 16 | ​ | ​ | 16
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,101 | ​ | ​ | 13 | ​ | ​ | 13
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1-4 family loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 304 | ​ | ​ | 2 | ​ | ​ | 2
Open end and junior lien loans | ​ |  | 63 | ​ | ​ | 0 | ​ | ​ | 0
Residential construction loans | ​ | ​ | 3 | ​ | ​ | 0 | ​ | ​ | 0
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 3,001 | ​ | ​ | 0 | ​ | ​ | 0
Non-working capital loans | ​ |  | 11,763 | ​ | ​ | 216 | ​ | ​ | 216
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,034 | ​ | ​ | 30 | ​ | ​ | 30
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 147 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1-4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,589 | ​ | ​ | 28 | ​ | ​ | 28
Open end and junior lien loans | ​ |  | 642 | ​ | ​ | 0 | ​ | ​ | 0
Residential construction loans | ​ | ​ | 46 | ​ | ​ | 0 | ​ | ​ | 0
Total | ​ | $ | 24,184 | ​ | $ | 305 | ​ | $ | 305
​ The following table presents loans individually evaluated for impairment by class of loans as of and for the nine-month period ended September 30, 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 | ​ | $ | 203 | ​ | $ | 7 | ​ | $ | 8
Non-working capital loans | ​ |  | 1,292 | ​ | ​ | 39 | ​ | ​ | 29
Commercial real estate and multi-family residential loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,112 | ​ | ​ | 28 | ​ | ​ | 28
Agri-business and agricultural loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ | ​ | 0 | ​ | ​ | 0
Consumer 1-4 family loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 251 | ​ | ​ | 2 | ​ | ​ | 3
Open end and junior lien loans | ​ |  | 141 | ​ | ​ | 0 | ​ | ​ | 0
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 6,375 | ​ | ​ | 143 | ​ | ​ | 81
Non-working capital loans | ​ |  | 11,536 | ​ | ​ | 355 | ​ | ​ | 326
Commercial real estate and multi-family residential loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 1,840 | ​ | ​ | 37 | ​ | ​ | 31
Agri-business and agricultural loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 147 | ​ | ​ | 3 | ​ | ​ | 1
Consumer 1-4 family mortgage loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,634 | ​ | ​ | 35 | ​ | ​ | 34
Open end and junior lien loans | ​ | ​ | 145 | ​ | ​ | 0 | ​ | ​ | 0
Other consumer loans | ​ | ​ | 24 | ​ | ​ | 2 | ​ | ​ | 1
Total | ​ | $ | 25,983 | ​ | $ | 651 | ​ | $ | 542
​ The following table presents the aging of the recorded investment in past due loans as of September 30, 2020 by class of loans: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Greater than | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 30‑89 | ​ | 90 Days | ​ | ​ | ​ | ​ | Total Past | ​ | ​ | ​
​ |  | Loans Not |  | Days |  | Past |  | ​ | ​ |  | Due and |  | ​ | ​
(dollars in thousands) | ​ | Past Due | ​ | Past Due | ​ | Due | ​ | Nonaccrual | ​ | Nonaccrual | ​ | Total
Commercial and industrial loans: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Working capital lines of credit loans | ​ | $ | 591,549 | ​ | $ | 41 | ​ | $ | 0 | ​ | $ | 1,050 | ​ | $ | 1,091 | ​ | $ | 592,640
Non-working capital loans | ​ |  | 1,239,596 | ​ | ​ | 3 | ​ | ​ | 0 | ​ | ​ | 5,508 | ​ | ​ | 5,511 | ​ | ​ | 1,245,107
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 392,078 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 392,078
Owner occupied loans | ​ |  | 614,264 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 5,143 | ​ | ​ | 5,143 | ​ | ​ | 619,407
Nonowner occupied loans | ​ |  | 567,009 | ​ | ​ | 18 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 18 | ​ | ​ | 567,027
Multifamily loans | ​ |  | 279,308 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 279,308
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 150,020 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 428 | ​ | ​ | 428 | ​ | ​ | 150,448
Loans for agricultural production | ​ |  | 187,716 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 187,716
Other commercial loans | ​ |  | 97,428 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 97,428
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 168,835 | ​ | ​ | 813 | ​ | ​ | 19 | ​ | ​ | 640 | ​ | ​ | 1,472 | ​ | ​ | 170,307
Open end and junior lien loans | ​ |  | 171,669 | ​ | ​ | 99 | ​ | ​ | 0 | ​ | ​ | 684 | ​ | ​ | 783 | ​ | ​ | 172,452
Residential construction loans | ​ |  | 10,940 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 25 | ​ | ​ | 25 | ​ | ​ | 10,965
Other consumer loans | ​ |  | 104,905 | ​ | ​ | 136 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 136 | ​ | ​ | 105,041
Total | ​ | $ | 4,575,317 | ​ | $ | 1,110 | ​ | $ | 19 | ​ | $ | 13,478 | ​ | $ | 14,607 | ​ | $ | 4,589,924
​ The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 by class of loans: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | 30‑89 | ​ | 90 Days | ​ | ​ | ​ | ​ | Total Past | ​ | ​ | ​
​ | ​ | Loans Not | ​ | Days | ​ | Past | ​ | ​ | ​ | ​ | Due and | ​ | ​ | ​
(dollars in thousands) | ​ | Past Due | ​ | Past Due | ​ | Due | ​ | Nonaccrual | ​ | Nonaccrual | ​ | Total
Commercial and industrial loans: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Working capital lines of credit loans | ​ | $ | 703,737 | ​ | $ | 10 | ​ | $ | 0 | ​ | $ | 6,236 | ​ | $ | 6,246 | ​ | $ | 709,983
Non-working capital loans | ​ |  | 710,557 | ​ | ​ | 4 | ​ | ​ | 0 | ​ | ​ | 6,282 | ​ | ​ | 6,286 | ​ | ​ | 716,843
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 286,534 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 286,534
Owner occupied loans | ​ |  | 569,303 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 4,056 | ​ | ​ | 4,056 | ​ | ​ | 573,359
Nonowner occupied loans | ​ |  | 570,687 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 570,687
Multifamily loans | ​ |  | 240,260 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 240,260
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 173,959 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 430 | ​ | ​ | 430 | ​ | ​ | 174,389
Loans for agricultural production | ​ |  | 205,228 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 14 | ​ | ​ | 14 | ​ | ​ | 205,242
Other commercial loans | ​ |  | 112,166 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 112,166
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 174,902 | ​ | ​ | 1,099 | ​ | ​ | 45 | ​ | ​ | 827 | ​ | ​ | 1,971 | ​ | ​ | 176,873
Open end and junior lien loans | ​ |  | 187,255 | ​ | ​ | 188 | ​ | ​ | 0 | ​ | ​ | 761 | ​ | ​ | 949 | ​ | ​ | 188,204
Residential construction loans | ​ |  | 12,870 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 52 | ​ | ​ | 52 | ​ | ​ | 12,922
Other consumer loans | ​ |  | 98,176 | ​ | ​ | 173 | ​ | ​ | 0 | ​ | ​ | 17 | ​ | ​ | 190 | ​ | ​ | 98,366
Total | ​ | $ | 4,045,634 | ​ | $ | 1,474 | ​ | $ | 45 | ​ | $ | 18,675 | ​ | $ | 20,194 | ​ | $ | 4,065,828
​ Troubled Debt Restructurings: Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $4.7 million and $2.5 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2020 and December 31, 2019, respectively. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30 | ​ | December 31
(dollars in thousands) |  | 2020 |  | 2019
Accruing troubled debt restructured loans | ​ | $ | 5,658 | ​ | $ | 5,909
Nonaccrual troubled debt restructured loans | ​ |  | 6,547 | ​ | ​ | 3,188
Total troubled debt restructured loans | ​ | $ | 12,205 | ​ | $ | 9,097
​ During the three months ended September 30, 2020, no loans were modified as troubled debt restructurings. During the nine months ended September 30, 2020, 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. The following table presents loans by class modified as new troubled debt restructurings that occurred during the nine months ended September 30, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | 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 | ​ | $ | 250 | ​ | $ | 315 | ​ | 1 | ​ | 0
Non-working capital loans |  | 2 | ​ | ​ | 4,288 | ​ | ​ | 3,691 | ​ | 2 | ​ | 0
Commercial real estate and multi-family residential loans: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans |  | 1 | ​ | ​ | 1,528 | ​ | ​ | 1,527 | ​ | 1 | ​ | 0
Total |  | 4 | ​ | $ | 6,066 | ​ | $ | 5,533 | ​ | 4 | ​ | 0
​ For the three-month period ending September 30, 2020, the commercial and industrial loans and the commercial real estate and multi-family residential loan troubled debt restructurings described above increased the allowance for loan losses by $63,000, and no charge-offs were recorded. For the nine-month period ended September 30, 2020, the troubled debt restructurings described above increased the allowance for loan losses by $2.4 million, and charge-offs of $666,000 were recorded. As of September 30, 2020, total deferrals attributed to COVID-19 were $158.4 million representing 102 borrowers. This represented 3.4% of the total loan portfolio. Of that total 71 were commercial loan borrowers representing $155.2 million in loans, or 3.7%, of commercial loans and 31 were retail loan borrowers representing $3.3 million, or 0.9%, of total retail loans. The majority of all loan deferrals were for a period of 90 days. Of the total commercial deferrals attributed to COVID-19, $15.3 million represented a first deferral action, $116.2 million represented a second deferral action and $23.7 million represented a third deferral action. Two borrowers represented 84% of the third deferral population and were commercial real estate nonowner occupied loans supported by adequate collateral and personal guarantors and consist of loans to the hotel and accommodation industry. All COVID-19 related loan deferrals remain on accrual status, as each deferral is evaluated individually, and management has determined that all contractual cashflows are collectable at this time. In accordance with Section 4013 of the CARES Act and the March 22, 2020 Joint Interagency Regulatory Guidance, these were not considered to be troubled debt restructurings and were excluded from the table above. During the three months ended September 30, 2019, no loans were modified as troubled debt restructurings. During the nine months ending September 30, 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 nine months ended September 30, 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 and nine-month periods ending September 30, 2019, the troubled debt restructurings described above did not impact the allowance for loan losses and no charge-offs were recorded. ​ 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 September 30, 2020, $557.9 million in PPP loans were included in the "Pass" category of loans. These loans were included in this risk rating category because they are fully guaranteed by the SBA. As of September 30, 2020, 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 | ​ | $ | 526,206 | ​ | $ | 47,016 | ​ | $ | 19,159 | ​ | $ | 0 | ​ | $ | 259 | ​ | $ | 592,640
Non-working capital loans | ​ |  | 1,195,861 | ​ | ​ | 25,294 | ​ | ​ | 18,747 | ​ | ​ | 0 | ​ | ​ | 5,205 | ​ | ​ | 1,245,107
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 392,078 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 392,078
Owner occupied loans | ​ |  | 579,800 | ​ | ​ | 27,945 | ​ | ​ | 11,662 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 619,407
Nonowner occupied loans | ​ |  | 560,424 | ​ | ​ | 6,603 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 567,027
Multifamily loans | ​ |  | 279,308 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 279,308
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 139,013 | ​ | ​ | 10,778 | ​ | ​ | 657 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 150,448
Loans for agricultural production | ​ |  | 136,682 | ​ | ​ | 51,034 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 187,716
Other commercial loans | ​ |  | 97,428 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 97,428
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 42,213 | ​ | ​ | 0 | ​ | ​ | 1,728 | ​ | ​ | 0 | ​ | ​ | 126,366 | ​ | ​ | 170,307
Open end and junior lien loans | ​ |  | 9,058 | ​ | ​ | 0 | ​ | ​ | 684 | ​ | ​ | 0 | ​ | ​ | 162,710 | ​ | ​ | 172,452
Residential construction loans | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 25 | ​ | ​ | 0 | ​ | ​ | 10,940 | ​ | ​ | 10,965
Other consumer loans | ​ |  | 37,042 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 67,999 | ​ | ​ | 105,041
Total | ​ | $ | 3,995,113 | ​ | $ | 168,670 | ​ | $ | 52,662 | ​ | $ | 0 | ​ | $ | 373,479 | ​ | $ | 4,589,924
​ As of December 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 | ​ | $ | 631,728 | ​ | $ | 40,551 | ​ | $ | 37,278 | ​ | $ | 0 | ​ | $ | 426 | ​ | $ | 709,983
Non-working capital loans | ​ |  | 673,370 | ​ | ​ | 18,782 | ​ | ​ | 19,381 | ​ | ​ | 0 | ​ | ​ | 5,310 | ​ | ​ | 716,843
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 286,534 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 286,534
Owner occupied loans | ​ |  | 535,496 | ​ | ​ | 14,804 | ​ | ​ | 23,059 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 573,359
Nonowner occupied loans | ​ |  | 569,315 | ​ | ​ | 781 | ​ | ​ | 591 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 570,687
Multifamily loans | ​ |  | 240,260 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 240,260
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 165,005 | ​ | ​ | 7,952 | ​ | ​ | 1,432 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 174,389
Loans for agricultural production | ​ |  | 191,489 | ​ | ​ | 13,738 | ​ | ​ | 15 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 205,242
Other commercial loans | ​ |  | 112,166 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 112,166
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 47,405 | ​ | ​ | 0 | ​ | ​ | 1,976 | ​ | ​ | 0 | ​ | ​ | 127,492 | ​ | ​ | 176,873
Open end and junior lien loans | ​ |  | 10,845 | ​ | ​ | 0 | ​ | ​ | 762 | ​ | ​ | 0 | ​ | ​ | 176,597 | ​ | ​ | 188,204
Residential construction loans | ​ |  | 0 | ​ | ​ | 0 | ​ | ​ | 51 | ​ | ​ | 0 | ​ | ​ | 12,871 | ​ | ​ | 12,922
Other consumer loans | ​ |  | 27,250 | ​ | ​ | 0 | ​ | ​ | 17 | ​ | ​ | 0 | ​ | ​ | 71,099 | ​ | ​ | 98,366
Total | ​ | $ | 3,490,863 | ​ | $ | 96,608 | ​ | $ | 84,562 | ​ | $ | 0 | ​ | $ | 393,795 | ​ | $ | 4,065,828
​

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