XML 28 R12.htm IDEA: XBRL DOCUMENT
v3.20.4

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | 12 Months Ended
--- | ---
Dec. 31, 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 and balance in the allowance for loan losses by portfolio segment for the year ended December 31, 2020, 2019 and 2018. PPP loans are fully guaranteed by the United States Small Business Administration and have not been allocated for within the allowance for loan losses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | and | ​ | Agri-business | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Multi-family | ​ | and | ​ | Other | ​ | 1-4 Family | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
December 31, 2020 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Beginning balance | ​ | $ | 25,789 | ​ | $ | 15,796 | ​ | $ | 3,869 | ​ | $ | 447 | ​ | $ | 2,086 | ​ | $ | 345 | ​ | $ | 2,320 | ​ | $ | 50,652
Provision for loan losses | ​ |  | 6,640 | ​ | ​ | 6,868 | ​ | ​ | (826) | ​ | ​ | (31) | ​ | ​ | 341 | ​ | ​ | 959 | ​ | ​ | 819 | ​ | ​ | 14,770
Loans charged-off | ​ |  | (4,524) | ​ | ​ | (72) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (141) | ​ | ​ | (516) | ​ | ​ | — | ​ | ​ | (5,253)
Recoveries | ​ |  | 428 | ​ | ​ | 315 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 333 | ​ | ​ | 163 | ​ | ​ | — | ​ | ​ | 1,239
Net loans (charged-off) recovered | ​ |  | (4,096) | ​ | ​ | 243 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 192 | ​ | ​ | (353) | ​ | ​ | — | ​ | ​ | (4,014)
Ending balance | ​ | $ | 28,333 | ​ | $ | 22,907 | ​ | $ | 3,043 | ​ | $ | 416 | ​ | $ | 2,619 | ​ | $ | 951 | ​ | $ | 3,139 | ​ | $ | 61,408
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | and | ​ | Agri-business | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Multi-family | ​ | and | ​ | Other | ​ | 1-4 Family | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
December 31, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 22,518 | ​ | $ | 15,393 | ​ | $ | 4,305 | ​ | $ | 368 | ​ | $ | 2,292 | ​ | $ | 283 | ​ | $ | 3,294 | ​ | $ | 48,453
Provision for loan losses | ​ |  | 4,259 | ​ | ​ | 259 | ​ | ​ | (444) | ​ | ​ | 79 | ​ | ​ | (219) | ​ | ​ | 275 | ​ | ​ | (974) | ​ | ​ | 3,235
Loans charged-off | ​ |  | (1,447) | ​ | ​ | (17) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (110) | ​ | ​ | (336) | ​ | ​ | — | ​ | ​ | (1,910)
Recoveries | ​ |  | 459 | ​ | ​ | 161 | ​ | ​ | 8 | ​ | ​ | — | ​ | ​ | 123 | ​ | ​ | 123 | ​ | ​ | — | ​ | ​ | 874
Net loans (charged-off) recovered | ​ |  | (988) | ​ | ​ | 144 | ​ | ​ | 8 | ​ | ​ | — | ​ | ​ | 13 | ​ | ​ | (213) | ​ | ​ | — | ​ | ​ | (1,036)
Ending balance | ​ | $ | 25,789 | ​ | $ | 15,796 | ​ | $ | 3,869 | ​ | $ | 447 | ​ | $ | 2,086 | ​ | $ | 345 | ​ | $ | 2,320 | ​ | $ | 50,652
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | and | ​ | Agri-business | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Multi-family | ​ | and | ​ | Other | ​ | 1-4 Family | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
December 31, 2018 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 21,097 | ​ | $ | 14,714 | ​ | $ | 4,920 | ​ | $ | 577 | ​ | $ | 2,768 | ​ | $ | 379 | ​ | $ | 2,666 | ​ | $ | 47,121
Provision for loan losses | ​ |  | 5,884 | ​ |  | 1,140 | ​ |  | (657) | ​ |  | (209) | ​ |  | (536) | ​ |  | 150 | ​ |  | 628 | ​ |  | 6,400
Loans charged-off | ​ |  | (5,215) | ​ |  | (491) | ​ |  | — | ​ |  | — | ​ |  | (48) | ​ |  | (357) | ​ |  | — | ​ |  | (6,111)
Recoveries | ​ |  | 752 | ​ |  | 30 | ​ |  | 42 | ​ |  | — | ​ |  | 108 | ​ |  | 111 | ​ |  | — | ​ |  | 1,043
Net loans (charged-off) recovered | ​ |  | (4,463) | ​ |  | (461) | ​ |  | 42 | ​ |  | — | ​ |  | 60 | ​ |  | (246) | ​ |  | — | ​ |  | (5,068)
Ending balance | ​ | $ | 22,518 | ​ | $ | 15,393 | ​ | $ | 4,305 | ​ | $ | 368 | ​ | $ | 2,292 | ​ | $ | 283 | ​ | $ | 3,294 | ​ | $ | 48,453
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following tables present balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | and | ​ | Agri-business | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Multi-family | ​ | and | ​ | Other | ​ | 1-4 Family | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Residential |  | Agricultural |  | Commercial |  | Mortgage |  | Consumer |  | Unallocated |  | Total
December 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending allowance balance attributable to loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 6,310 | ​ | $ | 1,377 | ​ | $ | 84 | ​ | $ | — | ​ | $ | 270 | ​ | $ | — | ​ | $ | — | ​ | $ | 8,041
Collectively evaluated for impairment | ​ |  | 22,023 | ​ | ​ | 21,530 | ​ | ​ | 2,959 | ​ | ​ | 416 | ​ | ​ | 2,349 | ​ | ​ | 951 | ​ | ​ | 3,139 | ​ | ​ | 53,367
Total ending allowance balance | ​ | $ | 28,333 | ​ | $ | 22,907 | ​ | $ | 3,043 | ​ | $ | 416 | ​ | $ | 2,619 | ​ | $ | 951 | ​ | $ | 3,139 | ​ | $ | 61,408
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans individually evaluated for impairment | ​ | $ | 12,533 | ​ | $ | 5,518 | ​ | $ | 428 | ​ | $ | — | ​ | $ | 1,700 | ​ | $ | — | ​ | $ | — | ​ | $ | 20,179
Loans collectively evaluated for impairment | ​ |  | 1,772,393 | ​ | ​ | 1,887,054 | ​ | ​ | 429,234 | ​ | ​ | 93,912 | ​ | ​ | 342,999 | ​ | ​ | 103,385 | ​ | ​ | — | ​ | ​ | 4,628,977
Total ending loans balance | ​ | $ | 1,784,926 | ​ | $ | 1,892,572 | ​ | $ | 429,662 | ​ | $ | 93,912 | ​ | $ | 344,699 | ​ | $ | 103,385 | ​ | $ | — | ​ | $ | 4,649,156
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | and | ​ | Agri-business | ​ | ​ | ​ | ​ | Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Multi-family | ​ | 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 | ​ | $ | — | ​ | $ | 426 | ​ | $ | 6 | ​ | $ | — | ​ | $ | 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 | ​ | $ | — | ​ | $ | 2,789 | ​ | $ | 17 | ​ | $ | — | ​ | $ | 27,829
Loans collectively evaluated for impairment | ​ |  | 1,407,246 | ​ | ​ | 1,665,842 | ​ | ​ | 379,186 | ​ | ​ | 112,166 | ​ | ​ | 375,210 | ​ | ​ | 98,349 | ​ | ​ | — | ​ | ​ | 4,037,999
Total ending loans balance | ​ | $ | 1,426,826 | ​ | $ | 1,670,840 | ​ | $ | 379,631 | ​ | $ | 112,166 | ​ | $ | 377,999 | ​ | $ | 98,366 | ​ | $ | — | ​ | $ | 4,065,828
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following table presents loans individually evaluated for impairment by class of loans as of December 31, 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 | ​ | $ | 346 | ​ | $ | 173 | ​ | $ | 0
Non-working capital loans | ​ | ​ | 2,399 | ​ | ​ | 968 | ​ | ​ | 0
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,002 | ​ | ​ | 2,930 | ​ | ​ | 0
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 603 | ​ | ​ | 283 | ​ | ​ | 0
Consumer 1‑4 family loans: | ​ |  |  | ​ |  | ​ | ​ |  |
Closed end first mortgage loans | ​ |  | 316 | ​ | ​ | 236 | ​ | ​ | 0
Open end and junior lien loans | ​ |  | 5 | ​ | ​ | 5 | ​ | ​ | 0
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 433 | ​ | ​ | 433 | ​ | ​ | 255
Non-working capital loans | ​ |  | 11,644 | ​ | ​ | 10,959 | ​ | ​ | 6,055
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,589 | ​ | ​ | 2,588 | ​ | ​ | 1,377
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 145 | ​ | ​ | 145 | ​ | ​ | 84
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,457 | ​ | ​ | 1,459 | ​ | ​ | 270
Total | ​ | $ | 22,939 | ​ | $ | 20,179 | ​ | $ | 8,041
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) 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 | ​ | $ | —
Non-working capital loans | ​ | ​ | 2,130 | ​ | ​ | 735 | ​ | ​ | —
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,189 | ​ | ​ | 3,010 | ​ | ​ | —
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 603 | ​ | ​ | 283 | ​ | ​ | —
Loans for ag production | ​ | ​ | 15 | ​ | ​ | 15 | ​ | ​ | —
Consumer 1‑4 family loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ | ​ | 411 | ​ | ​ | 330 | ​ | ​ | —
Open end and junior lien loans | ​ |  | 121 | ​ | ​ | 121 | ​ | ​ | —
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
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 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 | ​ | $ | 375 | ​ | $ | — | ​ | $ | —
Non-working capital loans | ​ |  | 816 | ​ |  | 21 | ​ |  | 21
Commercial real estate and multi-family residential loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,156 | ​ |  | 13 | ​ |  | 12
Agri-business and agricultural loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ |  | — | ​ |  | —
Consumer 1-4 family loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 291 | ​ |  | 3 | ​ |  | 2
Open end and junior lien loans | ​ |  | 49 | ​ |  | — | ​ |  | —
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 2,433 | ​ |  | — | ​ |  | —
Non-working capital loans | ​ |  | 11,579 | ​ |  | 287 | ​ |  | 287
Commercial real estate and multi-family residential loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 3,156 | ​ |  | 30 | ​ |  | 30
Agri-business and agricultural loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 147 | ​ |  | — | ​ |  | —
Consumer 1-4 family mortgage loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,557 | ​ |  | 36 | ​ |  | 33
Open end and junior lien loans | ​ |  | 481 | ​ |  | — | ​ |  | —
Residential construction loans | ​ | ​ | 35 | ​ | ​ | — | ​ | ​ | —
Total | ​ | $ | 23,362 | ​ | $ | 390 | ​ | $ | 385
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following table presents loans individually evaluated for impairment by class of loans for the year ended December 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 | ​ | $ | 176 | ​ | $ | 9 | ​ | $ | 9
Non-working capital loans | ​ |  | 1,170 | ​ |  | 40 | ​ |  | 30
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner occupied loans | ​ |  | 2,354 | ​ |  | 34 | ​ |  | 34
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ |  | — | ​ |  | —
Loans for ag production | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | —
Consumer 1-4 family loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 272 | ​ |  | 3 | ​ |  | 3
Open end and junior lien loans | ​ |  | 133 | ​ |  | — | ​ |  | —
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Working capital lines of credit loans | ​ |  | 6,335 | ​ |  | 143 | ​ |  | 81
Non-working capital loans | ​ |  | 11,800 | ​ |  | 448 | ​ |  | 410
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Owner occupied loans | ​ |  | 1,849 | ​ |  | 43 | ​ |  | 39
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 147 | ​ |  | 3 | ​ |  | 1
Consumer 1-4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 1,643 | ​ |  | 45 | ​ |  | 43
Open end and junior lien loans | ​ |  | 268 | ​ |  | — | ​ |  | —
Residential construction loans | ​ | ​ | 9 | ​ | ​ | — | ​ | ​ | —
Other consumer loans | ​ |  | 21 | ​ |  | 2 | ​ |  | 1
Total | ​ | $ | 26,464 | ​ | $ | 770 | ​ | $ | 651
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following table presents loans individually evaluated for impairment by class of loans for the year ended December 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 | ​ | $ | 785 | ​ | $ | 26 | ​ | $ | 23
Non-working capital loans | ​ |  | 1,862 | ​ |  | 74 | ​ |  | 68
Commercial real estate and multi-family residential loans: | ​ |  |  | ​ |  |  | ​ |  |
Construction and land development loans | ​ |  | 58 | ​ |  | 5 | ​ |  | 4
Owner occupied loans | ​ |  | 2,291 | ​ |  | 36 | ​ |  | 37
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 283 | ​ |  | — | ​ |  | —
Consumer 1‑4 family loans: | ​ |  | ​ | ​ |  |  | ​ |  |
Closed end first mortgage loans | ​ |  | 521 | ​ |  | 13 | ​ |  | 12
Open end and junior lien loans | ​ |  | 205 | ​ |  | — | ​ |  | —
With an allowance recorded: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial loans: | ​ |  |  | ​ |  |  | ​ |  |
Working capital lines of credit loans | ​ |  | 3,307 | ​ |  | 74 | ​ |  | 12
Non-working capital loans | ​ |  | 5,328 | ​ |  | 138 | ​ |  | 81
Commercial real estate and multi-family residential loans: | ​ |  |  | ​ |  |  | ​ |  |
Construction and land development loans | ​ |  | 453 | ​ |  | 26 | ​ |  | 29
Owner occupied loans | ​ |  | 1,631 | ​ |  | 9 | ​ |  | 1
Agri-business and agricultural loans: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Loans secured by farmland | ​ |  | 12 | ​ | ​ | 1 | ​ | ​ | —
Consumer 1‑4 family mortgage loans: | ​ |  |  | ​ |  |  | ​ |  |
Closed end first mortgage loans | ​ |  | 1,214 | ​ |  | 37 | ​ |  | 36
Open end and junior lien loans | ​ |  | 38 | ​ |  | — | ​ |  | —
Other consumer loans | ​ |  | 47 | ​ |  | 3 | ​ |  | 3
Total | ​ | $ | 18,035 | ​ | $ | 442 | ​ | $ | 306
​ Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following table presents the aging of the recorded investment in past due loans as of December 31, 2020 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 | ​ | $ | 625,493 | ​ | $ | — | ​ | $ | — | ​ | $ | 606 | ​ | $ | 606 | ​ | $ | 626,099
Non-working capital loans | ​ |  | 1,153,540 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,287 | ​ | ​ | 5,287 | ​ | ​ | 1,158,827
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 361,664 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 361,664
Owner occupied loans | ​ |  | 642,527 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,047 | ​ | ​ | 5,047 | ​ | ​ | 647,574
Nonowner occupied loans | ​ |  | 579,050 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 579,050
Multi-family loans | ​ |  | 304,284 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 304,284
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 194,935 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 428 | ​ | ​ | 428 | ​ | ​ | 195,363
Loans for agricultural production | ​ |  | 234,191 | ​ | ​ | 108 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 108 | ​ | ​ | 234,299
Other commercial loans | ​ |  | 93,912 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 93,912
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 165,895 | ​ | ​ | 877 | ​ | ​ | 116 | ​ | ​ | 613 | ​ | ​ | 1,606 | ​ | ​ | 167,501
Open end and junior lien loans | ​ |  | 165,094 | ​ | ​ | 137 | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | 142 | ​ | ​ | 165,236
Residential construction loans | ​ |  | 11,962 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,962
Other consumer loans | ​ |  | 103,240 | ​ | ​ | 145 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 145 | ​ | ​ | 103,385
Total | ​ | $ | 4,635,787 | ​ | $ | 1,267 | ​ | $ | 116 | ​ | $ | 11,986 | ​ | $ | 13,369 | ​ | $ | 4,649,156
​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) 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 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 | ​ | $ | 703,737 | ​ | $ | 10 | ​ | $ | — | ​ | $ | 6,236 | ​ | $ | 6,246 | ​ | $ | 709,983
Non-working capital loans | ​ |  | 710,557 | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | 6,282 | ​ | ​ | 6,286 | ​ | ​ | 716,843
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 286,534 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 286,534
Owner occupied loans | ​ |  | 569,303 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,056 | ​ | ​ | 4,056 | ​ | ​ | 573,359
Nonowner occupied loans | ​ |  | 570,687 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 570,687
Multi-family loans | ​ |  | 240,260 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 240,260
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 173,959 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 430 | ​ | ​ | 430 | ​ | ​ | 174,389
Loans for agricultural production | ​ |  | 205,228 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14 | ​ | ​ | 14 | ​ | ​ | 205,242
Other commercial loans | ​ |  | 112,166 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 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 | ​ | ​ | — | ​ | ​ | 761 | ​ | ​ | 949 | ​ | ​ | 188,204
Residential construction loans | ​ |  | 12,870 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 52 | ​ | ​ | 52 | ​ | ​ | 12,922
Other consumer loans | ​ |  | 98,176 | ​ | ​ | 173 | ​ | ​ | — | ​ | ​ | 17 | ​ | ​ | 190 | ​ | ​ | 98,366
Total | ​ | $ | 4,045,634 | ​ | $ | 1,474 | ​ | $ | 45 | ​ | $ | 18,675 | ​ | $ | 20,194 | ​ | $ | 4,065,828
​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) Troubled Debt Restructurings: Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $5.5 million and $2.5 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of December 31, 2020 and 2019. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | 2020 |  | 2019
Accruing troubled debt restructured loans | ​ | $ | 5,237 | ​ | $ | 5,909
Nonaccrual troubled debt restructured loans | ​ |  | 6,476 | ​ | ​ | 3,188
Total troubled debt restructured loans | ​ | $ | 11,713 | ​ | $ | 9,097
​ During the year ending December 31, 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. Additional concessions were granted to borrowers during 2020 with previously identified troubled debt restructured loans. There were three commercial and industrial loans with recorded investments totaling $2.2 million where the collateral values or cash flows were insufficient to support the loans. These troubled debt restructured loans with additional concessions decreased the allowance by $45,000 and resulted in no charge-offs for year ending December 31, 2020. These concessions are not included in the table below. The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 31, 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 period ending December 31, 2020, the troubled debt restructurings described above had no impact to the allowance and no charge-offs were recorded. ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) As of December 31, 2020, total deferrals attributed to COVID-19 were $100.7 million representing 49 borrowers. This represented 2.2% of the total loan portfolio. Of that total 22 were commercial loan borrowers representing $98.2 million in loans, or 2.3% of commercial loans, and 27 were retail loan borrowers representing $2.5 million, or 0.7% 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, $11.9 million represented a first deferral action, $22.8 million represented a second deferral action, $41.9 million represented a third deferral action and $24.1 million represented a fourth deferral action. Two borrowers represented 90% of the fourth 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, these were not considered to be troubled debt restructurings and were excluded from the table above. During the year ending December 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. ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) Additional concessions were granted to borrowers during 2019 with previously identified troubled debt restructured loans. There were three commercial real estate loans with recorded investments totaling $1.9 million and five commercial and industrial loans with recorded investments totaling $2.4 million where the collateral values or cash flows were insufficient to support the loans. These troubled debt restructured loans with additional concessions decreased the allowance by $484,000 and resulted in no charge-offs for year ending December 31, 2019. These concessions are not included in the table below. ​ The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 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 | ​ | 1
Total |  | 1 | ​ | $ | 35 | ​ | $ | 35 | ​ | 1 | ​ | 1
​ For the period ending December 31, 2019, the working capital line of credit troubled debt restructuring described above had no impact to the allowance and no charge-offs were recorded. During the year ending December 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 during 2018 with previously identified troubled debt restructured loans. There were three commercial real estate loans with recorded investments totaling $1.3 million and three commercial and industrial loans with recorded investments totaling $1.4 million where the collateral value and/or cash flows do not support those loans. The other three loans are to borrowers for investments in land for residential development which have not had sales activity to support loans with a recorded investments totaling $593,000. These troubled debt restructured loans with additional concessions increased the allowance by $189,000 and resulted in no charge-offs for year ending December 31, 2018. These concessions are not included in the table below. NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 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 |  | 7 | ​ |  | 4,628 | ​ |  | 4,628 |  | 7 |  | 0‑6
Commercial real estate and multi-family residential loans: |  |  | ​ |  |  | ​ |  |  |  |  |  |
Construction and land | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
development loans | ​ | 1 | ​ | ​ | 824 | ​ | ​ | 824 | ​ | 1 | ​ | 12
Owner occupied loans |  | 2 | ​ |  | 933 | ​ |  | 933 |  | 2 |  | 12
Consumer 1-4 family loans: | ​ |  | ​ |  |  | ​ |  |  |  |  |  |
Closed end first mortgage loans | ​ | 1 | ​ |  | 198 | ​ |  | 197 |  | 1 |  | 239
Total | ​ | 12 | ​ | $ | 7,183 | ​ | $ | 7,182 |  | 12 |  | 0‑239
​ ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. The following table presents loans modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the period ending December 31, 2020, 2019 and 2018. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
​ |  | Number of |  | Recorded |  | Number of |  | Recorded |  | Number of |  | Recorded
(dollars in thousands) | ​ | Loans | ​ | Investment | ​ | Loans | ​ | Investment | ​ | Loans | ​ | Investment
Troubled Debt Restructurings that Subsequently Defaulted Commercial and industrial loans: | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |
Non-working capital loans | ​ | — | ​ | $ | — | ​ | 1 | ​ | $ | 601 | ​ | — | ​ | $ | —
Total | ​ | — | ​ | $ | — | ​ | 1 | ​ | $ | 601 | ​ | — | ​ | $ | —
​ 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 as the distinct possibility that the institution 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 consumer 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. ​ NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued) As of December 31, 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 | ​ | $ | 535,071 | ​ | $ | 81,095 | ​ | $ | 9,718 | ​ | $ | — | ​ | $ | 215 | ​ | $ | 626,099
Non-working capital loans | ​ |  | 1,111,989 | ​ | ​ | 26,523 | ​ | ​ | 14,820 | ​ | ​ | — | ​ | ​ | 5,495 | ​ | ​ | 1,158,827
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 361,664 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 361,664
Owner occupied loans | ​ |  | 608,845 | ​ | ​ | 31,355 | ​ | ​ | 7,374 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 647,574
Nonowner occupied loans | ​ |  | 547,790 | ​ | ​ | 31,260 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 579,050
Multi-family loans | ​ |  | 282,031 | ​ | ​ | 22,253 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 304,284
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 183,983 | ​ | ​ | 10,728 | ​ | ​ | 652 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 195,363
Loans for agricultural production | ​ |  | 185,875 | ​ | ​ | 48,424 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 234,299
Other commercial loans | ​ |  | 93,912 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 93,912
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 40,682 | ​ | ​ | — | ​ | ​ | 1,695 | ​ | ​ | — | ​ | ​ | 125,124 | ​ | ​ | 167,501
Open end and junior lien loans | ​ |  | 8,424 | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | — | ​ | ​ | 156,807 | ​ | ​ | 165,236
Residential construction loans | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,962 | ​ | ​ | 11,962
Other consumer loans | ​ |  | 36,979 | ​ | ​ | 253 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 66,153 | ​ | ​ | 103,385
Total | ​ | $ | 3,997,245 | ​ | $ | 251,891 | ​ | $ | 34,264 | ​ | $ | 0 | ​ | $ | 365,756 | ​ | $ | 4,649,156
​ As of December 31, 2020, $412.0 million in Paycheck Protection Program loans were included in the “Pass” category of non-working capital loans. These loans were included in this risk rating category because they are fully guaranteed by the Small Business Administration. ​ 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 | ​ | $ | — | ​ | $ | 426 | ​ | $ | 709,983
Non-working capital loans | ​ |  | 673,370 | ​ | ​ | 18,782 | ​ | ​ | 19,381 | ​ | ​ | — | ​ | ​ | 5,310 | ​ | ​ | 716,843
Commercial real estate and multi-family residential loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development loans | ​ |  | 286,534 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 286,534
Owner occupied loans | ​ |  | 535,496 | ​ | ​ | 14,804 | ​ | ​ | 23,059 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 573,359
Nonowner occupied loans | ​ |  | 569,315 | ​ | ​ | 781 | ​ | ​ | 591 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 570,687
Multi-family loans | ​ |  | 240,260 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 240,260
Agri-business and agricultural loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans secured by farmland | ​ |  | 165,005 | ​ | ​ | 7,952 | ​ | ​ | 1,432 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 174,389
Loans for agricultural production | ​ |  | 191,489 | ​ | ​ | 13,738 | ​ | ​ | 15 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 205,242
Other commercial loans | ​ |  | 112,166 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 112,166
Consumer 1‑4 family mortgage loans: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Closed end first mortgage loans | ​ |  | 47,405 | ​ | ​ | — | ​ | ​ | 1,976 | ​ | ​ | — | ​ | ​ | 127,492 | ​ | ​ | 176,873
Open end and junior lien loans | ​ |  | 10,845 | ​ | ​ | — | ​ | ​ | 762 | ​ | ​ | — | ​ | ​ | 176,597 | ​ | ​ | 188,204
Residential construction loans | ​ |  | — | ​ | ​ | — | ​ | ​ | 51 | ​ | ​ | — | ​ | ​ | 12,871 | ​ | ​ | 12,922
Other consumer loans | ​ |  | 27,250 | ​ | ​ | — | ​ | ​ | 17 | ​ | ​ | — | ​ | ​ | 71,099 | ​ | ​ | 98,366
Total | ​ | $ | 3,490,863 | ​ | $ | 96,608 | ​ | $ | 84,562 | ​ | $ | — | ​ | $ | 393,795 | ​ | $ | 4,065,828
​

X
- Definition It represents the information pertaining to allowance for loan losses and credit quality. + References No definition available. + Details
Name: | lkfn_AllowanceForLoanLossesAndCreditQualityAbstract
Namespace Prefix: | lkfn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for loan losses and credit quality. + References No definition available. + Details
Name: | lkfn_AllowanceForLoanLossesAndCreditQualityTextBlock
Namespace Prefix: | lkfn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration