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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY | 9 Months Ended
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Sep. 30, 2021
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY |
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY | ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost. Results for reporting periods beginning after January 1, 2021 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company maintains an allowance for credit losses to provide for expected credit losses. Losses are charged against the allowance when management believes that the principal is uncollectable. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance are made for specific loans and for pools of similar types of loans, although the entire allowance is available for any loan that, in management’s judgment, should be charged against the allowance. A provision for credit losses is taken based on management’s ongoing evaluation of the appropriate allowance balance. A formal evaluation of the adequacy of the credit loss allowance is conducted monthly. The ultimate recovery of all loans is susceptible to future market factors beyond the Company’s control. The level of credit loss provision is influenced by growth in the overall loan portfolio, emerging market risk, emerging concentration risk, commercial loan focus and large credit concentration, new industry lending activity, general economic conditions and historical loss analysis. In addition, management gives consideration to changes in the facts and circumstances of watch list credits, which includes the security position of the borrower, in determining the appropriate level of the credit loss provision. Furthermore, management’s overall view on credit quality is a factor in the determination of the provision. The determination of the appropriate allowance is inherently subjective, as it requires significant estimates by management. The Company has an established process to determine the adequacy of the allowance for credit losses that generally includes consideration of changes in the nature and volume of the loan portfolio and overall portfolio quality, along with current and forecasted economic conditions that may affect borrowers’ ability to repay. Consideration is not limited to these factors although they represent the most commonly cited factors. To determine the specific allocation levels for individual credits, management considers the current valuation of collateral and the amounts and timing of expected future cash flows as the primary measures. Management also considers trends in adversely classified loans based upon an ongoing review of those credits. With respect to pools of similar loans, an appropriate level of general allowance is determined by portfolio segment using a probability of default-loss given default (“PD/LGD”) model, subject to a floor. A default can be triggered by one of several different asset quality factors, including past due status, nonaccrual status, TDR status or if the loan has had a charge-off. This PD is then combined with a LGD derived from historical charge-off data to construct a default rate. This loss rate is then supplemented with adjustments for reasonable and supportable forecasts of relevant economic indicators, particularly the unemployment rate forecast from the Federal Open Market Committee’s Summary of Economic Projections, and other environmental factors based on the risks present for each portfolio segment. These environmental factors include consideration of the following: levels of, and trends in, delinquencies and nonperforming loans; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedure, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. It is also possible that these factors could include social, political, economic, and terrorist events or activities. All of these factors are susceptible to change, which may be significant. As a result of this detailed process, the allowance results in two forms of allocations, specific and general. These two components represent the total allowance for credit losses deemed adequate to cover probable losses inherent in the loan portfolio. Commercial loans are subject to a dual standardized grading process administered by the credit administration function. These grade assignments are performed independent of each other and a consensus is reached by credit administration and the loan review officer. Specific allowances are established in cases where management has identified significant conditions or circumstances related to an individual credit that indicate it should be evaluated on an individual basis. Considerations with respect to specific allocations for these individual credits include, but are not limited to, the following: (a) the sufficiency of the customer’s cash flow or net worth to repay the loan; (b) the adequacy of the discounted value of collateral relative to the loan balance; (c) whether the loan has been criticized in a regulatory examination; (d) whether the loan is nonperforming; (e) any other reasons the ultimate collectability of the loan may be in question; or (f) any unique loan characteristics that require special monitoring. Allocations are also applied to categories of loans considered not to be individually analyzed, but for which the rate of loss is expected to be consistent with or greater than historical averages. Such allocations are based on past loss experience and information about specific borrower situations and estimated collateral values. These general pooled loan allocations are performed for portfolio segments of commercial and industrial; commercial real estate, multi-family, and construction; agri-business and agricultural; other commercial loans; and consumer 1-4 family mortgage and other consumer loans. General allocations of the allowance are determined by a historical loss rate based on the calculation of each pool’s probability of default-loss given default, subject to a floor. The length of the historical period for each pool is based on the average life of the pool. The historical loss rates are supplemented with consideration of economic conditions and portfolio trends. Due to the imprecise nature of estimating the allowance for credit losses, the Company’s allowance for credit losses includes an unallocated component. The unallocated component of the allowance for credit losses incorporates the Company’s judgmental determination of potential expected losses that may not be fully reflected in other allocations, including factors such as the level of classified credits, economic uncertainties, industry trends impacting specific portfolio segments, broad portfolio quality trends, and trends in the composition of the Company’s large commercial loan portfolio and related large dollar exposures to individual borrowers. As a practical expedient, the Company has elected to treat accrued interest the same way it is treated in the incurred loss model, wherein it is stated separately from loan principal balances on the consolidated balance sheet. Additionally, when a loan is placed on non-accrual, interest payments will be reversed through interest income, which is consistent with current practice. For off balance sheet credit exposures outlined in the ASU at 326-20-30-11, it is the Company’s position that nearly all of the unfunded amounts on lines of credit are unconditionally cancellable, and therefore not subject to having a liability set up, which matches the current accounting conclusion in the incurred loss environment. The following tables present the activity in the allowance for credit losses by portfolio segment for the three-month period ended September 30, 2021:
(dollars in thousands) |  | Commercial and Industrial |  | Commercial Real Estate and Multifamily Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other Consumer |  | Unallocated |  | Total
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, July 1 |  | $ | 33,130 |  |  | $ | 28,291 |  |  | $ | 3,930 |  |  | $ | 1,298 |  |  | $ | 3,165 |  |  | $ | 1,393 |  |  | $ | 506 |  |  | $ | 71,713 |
Provision for credit losses |  | 3,507 |  |  | (1,545) |  |  | (244) |  |  | 89 |  |  | (265) |  |  | (116) |  |  | (126) |  |  | 1,300 |
Loans charged-off |  | (5) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (13) |  |  | (72) |  |  | 0 |  |  | (90) |
Recoveries |  | 44 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 14 |  |  | 67 |  |  | 0 |  |  | 125 |
Net loans (charged-off) recovered |  | 39 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | (5) |  |  | 0 |  |  | 35 |
Ending balance |  | $ | 36,676 |  |  | $ | 26,746 |  |  | $ | 3,686 |  |  | $ | 1,387 |  |  | $ | 2,901 |  |  | $ | 1,272 |  |  | $ | 380 |  |  | $ | 73,048 |
The following tables present the activity in the allowance for credit losses by portfolio segment for the nine-month period ended September 30, 2021:
(dollars in thousands) |  | Commercial and Industrial |  | Commercial Real Estate and Multifamily Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other Consumer |  | Unallocated |  | Total
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, January 1 |  | $ | 28,333 |  |  | $ | 22,907 |  |  | $ | 3,043 |  |  | $ | 416 |  |  | $ | 2,619 |  |  | $ | 951 |  |  | $ | 3,139 |  |  | $ | 61,408 |
Impact of adopting ASC 326 |  | 4,312 |  |  | 4,316 |  |  | 1,060 |  |  | 941 |  |  | 953 |  |  | 349 |  |  | (2,881) |  |  | 9,050 |
Provision for credit losses |  | 2,780 |  |  | (420) |  |  | (737) |  |  | 30 |  |  | (719) |  |  | 21 |  |  | 122 |  |  | 1,077 |
Loans charged-off |  | (254) |  |  | (71) |  |  | 0 |  |  | 0 |  |  | (51) |  |  | (217) |  |  | 0 |  |  | (593) |
Recoveries |  | 1,505 |  |  | 14 |  |  | 320 |  |  | 0 |  |  | 99 |  |  | 168 |  |  | 0 |  |  | 2,106 |
Net loans (charged-off) recovered |  | 1,251 |  |  | (57) |  |  | 320 |  |  | 0 |  |  | 48 |  |  | (49) |  |  | 0 |  |  | 1,513 |
Ending balance |  | $ | 36,676 |  |  | $ | 26,746 |  |  | $ | 3,686 |  |  | $ | 1,387 |  |  | $ | 2,901 |  |  | $ | 1,272 |  |  | $ | 380 |  |  | $ | 73,048 |
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 are considered to be "Pass" rated when they are reviewed as part of the previously described process and do not meet the criteria above 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. The following table summarizes the risk category of loans by loan segment and origination date as of September 30, 2021:
(dollars in thousands) | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Term Total |  | Revolving |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 8,755 |  |  | $ | 6,467 |  |  | $ | 11,643 |  |  | $ | 1,646 |  |  | $ | 834 |  |  | $ | 82 |  |  | $ | 29,427 |  |  | $ | 533,140 |  |  | $ | 562,567 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 64,240 |  |  | 64,240 |
Substandard | 0 |  |  | 0 |  |  | 85 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 85 |  |  | 32,382 |  |  | 32,467 |
Total | 8,755 |  |  | 6,467 |  |  | 11,728 |  |  | 1,646 |  |  | 834 |  |  | 82 |  |  | 29,512 |  |  | 629,762 |  |  | 659,274 |
Non-working capital loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 184,286 |  |  | 172,825 |  |  | 87,892 |  |  | 68,814 |  |  | 23,713 |  |  | 20,548 |  |  | 558,078 |  |  | 163,413 |  |  | 721,491 |
Special Mention | 17,614 |  |  | 0 |  |  | 630 |  |  | 1,112 |  |  | 2,466 |  |  | 1,185 |  |  | 23,007 |  |  | 2,426 |  |  | 25,433 |
Substandard | 4,908 |  |  | 7,022 |  |  | 1,225 |  |  | 4,681 |  |  | 5,723 |  |  | 512 |  |  | 24,071 |  |  | 3,208 |  |  | 27,279 |
Not Rated | 1,695 |  |  | 1,915 |  |  | 920 |  |  | 719 |  |  | 191 |  |  | 22 |  |  | 5,462 |  |  | 0 |  |  | 5,462 |
Total | 208,503 |  |  | 181,762 |  |  | 90,667 |  |  | 75,326 |  |  | 32,093 |  |  | 22,267 |  |  | 610,618 |  |  | 169,047 |  |  | 779,665 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 13,305 |  |  | 40,841 |  |  | 4,679 |  |  | 30,875 |  |  | 0 |  |  | 16,870 |  |  | 106,570 |  |  | 270,801 |  |  | 377,371 |
Owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 93,789 |  |  | 174,606 |  |  | 127,573 |  |  | 94,853 |  |  | 82,439 |  |  | 105,570 |  |  | 678,830 |  |  | 36,226 |  |  | 715,056 |
Special Mention | 6,829 |  |  | 0 |  |  | 1,809 |  |  | 966 |  |  | 7,715 |  |  | 1,273 |  |  | 18,592 |  |  | 0 |  |  | 18,592 |
Substandard | 506 |  |  | 1,946 |  |  | 929 |  |  | 2,101 |  |  | 707 |  |  | 408 |  |  | 6,597 |  |  | 0 |  |  | 6,597 |
Total | 101,124 |  |  | 176,552 |  |  | 130,311 |  |  | 97,920 |  |  | 90,861 |  |  | 107,251 |  |  | 704,019 |  |  | 36,226 |  |  | 740,245 |
Nonowner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 75,760 |  |  | 160,552 |  |  | 118,333 |  |  | 26,642 |  |  | 41,494 |  |  | 69,129 |  |  | 491,910 |  |  | 59,107 |  |  | 551,017 |
Special Mention | 11,937 |  |  | 349 |  |  | 620 |  |  | 0 |  |  | 0 |  |  | 14,341 |  |  | 27,247 |  |  | 0 |  |  | 27,247 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 3,354 |  |  | 0 |  |  | 0 |  |  | 3,354 |  |  | 0 |  |  | 3,354 |
Total | 87,697 |  |  | 160,901 |  |  | 118,953 |  |  | 29,996 |  |  | 41,494 |  |  | 83,470 |  |  | 522,511 |  |  | 59,107 |  |  | 581,618 |
Multifamily loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 79,260 |  |  | 53,500 |  |  | 36,784 |  |  | 14,372 |  |  | 14,688 |  |  | 18,696 |  |  | 217,300 |  |  | 12,997 |  |  | 230,297 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 22,252 |  |  | 0 |  |  | 22,252 |  |  | 0 |  |  | 22,252 |
Total | 79,260 |  |  | 53,500 |  |  | 36,784 |  |  | 14,372 |  |  | 36,940 |  |  | 18,696 |  |  | 239,552 |  |  | 12,997 |  |  | 252,549 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 35,548 |  |  | 37,854 |  |  | 17,533 |  |  | 13,327 |  |  | 9,841 |  |  | 19,776 |  |  | 133,879 |  |  | 12,345 |  |  | 146,224 |
Special Mention | 0 |  |  | 1,985 |  |  | 2,336 |  |  | 0 |  |  | 190 |  |  | 30 |  |  | 4,541 |  |  | 938 |  |  | 5,479 |
Substandard | 212 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 145 |  |  | 357 |  |  | 0 |  |  | 357 |
Total | 35,760 |  |  | 39,839 |  |  | 19,869 |  |  | 13,327 |  |  | 10,031 |  |  | 19,951 |  |  | 138,777 |  |  | 13,283 |  |  | 152,060 |
Loans for agricultural production: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 27,116 |  |  | 27,959 |  |  | 4,415 |  |  | 11,399 |  |  | 1,478 |  |  | 4,393 |  |  | 76,760 |  |  | 76,860 |  |  | 153,620 |
Special Mention | 464 |  |  | 8,644 |  |  | 1,250 |  |  | 0 |  |  | 43 |  |  | 19 |  |  | 10,420 |  |  | 8,014 |  |  | 18,434 |
Total | 27,580 |  |  | 36,603 |  |  | 5,665 |  |  | 11,399 |  |  | 1,521 |  |  | 4,412 |  |  | 87,180 |  |  | 84,874 |  |  | 172,054 |
Other commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,488 |  |  | 30,130 |  |  | 3,541 |  |  | 1,328 |  |  | 8,897 |  |  | 8,772 |  |  | 54,156 |  |  | 25,162 |  |  | 79,318 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3,945 |  |  | 3,945 |  |  | 0 |  |  | 3,945 |
Total | 1,488 |  |  | 30,130 |  |  | 3,541 |  |  | 1,328 |  |  | 8,897 |  |  | 12,717 |  |  | 58,101 |  |  | 25,162 |  |  | 83,263 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 13,332 |  |  | 17,484 |  |  | 5,487 |  |  | 6,502 |  |  | 3,216 |  |  | 2,145 |  |  | 48,166 |  |  | 2,183 |  |  | 50,349 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,821 |  |  | 1,821 |  |  | 0 |  |  | 1,821 |
Not Rated | 35,165 |  |  | 28,684 |  |  | 10,088 |  |  | 7,868 |  |  | 9,343 |  |  | 29,513 |  |  | 120,661 |  |  | 562 |  |  | 121,223 |
Total | 48,497 |  |  | 46,168 |  |  | 15,575 |  |  | 14,370 |  |  | 12,559 |  |  | 33,479 |  |  | 170,648 |  |  | 2,745 |  |  | 173,393 |
Open end and junior lien loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 193 |  |  | 379 |  |  | 162 |  |  | 317 |  |  | 0 |  |  | 0 |  |  | 1,051 |  |  | 10,733 |  |  | 11,784 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Not Rated | 17,212 |  |  | 6,732 |  |  | 6,885 |  |  | 4,814 |  |  | 2,394 |  |  | 1,678 |  |  | 39,715 |  |  | 112,024 |  |  | 151,739 |
Total | 17,405 |  |  | 7,111 |  |  | 7,047 |  |  | 5,131 |  |  | 2,394 |  |  | 1,678 |  |  | 40,766 |  |  | 122,757 |  |  | 163,523 |
Residential construction loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Not Rated | 7,164 |  |  | 2,842 |  |  | 982 |  |  | 140 |  |  | 173 |  |  | 1,177 |  |  | 12,478 |  |  | 13 |  |  | 12,491 |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 584 |  |  | 1,181 |  |  | 1,579 |  |  | 0 |  |  | 1,253 |  |  | 0 |  |  | 4,597 |  |  | 22,084 |  |  | 26,681 |
Substandard | 36 |  |  | 0 |  |  | 257 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 293 |  |  | 0 |  |  | 293 |
Not Rated | 18,262 |  |  | 17,058 |  |  | 8,678 |  |  | 6,945 |  |  | 2,531 |  |  | 1,418 |  |  | 54,892 |  |  | 10,081 |  |  | 64,973 |
Total | 18,882 |  |  | 18,239 |  |  | 10,514 |  |  | 6,945 |  |  | 3,784 |  |  | 1,418 |  |  | 59,782 |  |  | 32,165 |  |  | 91,947 |
TOTAL | $ | 655,420 |  |  | $ | 800,955 |  |  | $ | 456,315 |  |  | $ | 302,775 |  |  | $ | 241,581 |  |  | $ | 323,468 |  |  | $ | 2,780,514 |  |  | $ | 1,458,939 |  |  | $ | 4,239,453 |
As of September 30, 2021, $91.9 million in PPP loans were included in the "Pass" category of non-working capital commercial and industrial loans. These loans were included in this risk rating category because they are fully guaranteed by the Small Business Administration (“SBA”). Nonaccrual and Past Due Loans: The Company does not record interest on nonaccrual loans until principal is recovered. For all loan classes, a loan is generally placed on nonaccrual status when principal or interest becomes 90 days past due unless it is well secured and in the process of collection, or earlier when concern exists as to the ultimate collectability of principal or interest. Interest accrued but not received is reversed against earnings. Cash interest received on these loans is applied to the principal balance until the principal is recovered or until the loan returns to accrual status. Loans may be returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for a prescribed period, and future payments are reasonably assured. The following table presents the aging of the amortized cost basis in past due loans as of September 30, 2021 by class of loans and loans past due 90 days or more and still accruing by class of loan:
(dollars in thousands) |  | Loans Not Past Due |  | 30-89 Days Past Due |  | Greater than 89 Days Past Due and Accruing |  | Total Accruing |  | Total Nonaccrual |  | Nonaccrual With No Allowance For Credit Loss |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 659,160 |  |  | $ | 114 |  |  | $ | 0 |  |  | $ | 645,093 |  |  | $ | 14,181 |  |  | $ | 1 |  |  | $ | 659,274 |
Non-working capital loans |  | 779,551 |  |  | 114 |  |  | 0 |  |  | 770,709 |  |  | 8,956 |  |  | 232 |  |  | 779,665 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  | 377,371 |  |  | 0 |  |  | 0 |  |  | 377,371 |  |  | 0 |  |  | 0 |  |  | 377,371 |
Owner occupied loans |  | 740,245 |  |  | 0 |  |  | 0 |  |  | 736,423 |  |  | 3,822 |  |  | 986 |  |  | 740,245 |
Nonowner occupied loans |  | 581,618 |  |  | 0 |  |  | 0 |  |  | 578,260 |  |  | 3,358 |  |  | 0 |  |  | 581,618 |
Multifamily loans |  | 252,549 |  |  | 0 |  |  | 0 |  |  | 252,549 |  |  | 0 |  |  | 0 |  |  | 252,549 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  | 152,060 |  |  | 0 |  |  | 0 |  |  | 151,915 |  |  | 145 |  |  | 0 |  |  | 152,060 |
Loans for agricultural production |  | 172,054 |  |  | 0 |  |  | 0 |  |  | 172,054 |  |  | 0 |  |  | 0 |  |  | 172,054 |
Other commercial loans |  | 83,263 |  |  | 0 |  |  | 0 |  |  | 83,263 |  |  | 0 |  |  | 0 |  |  | 83,263 |
Consumer 1‑4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 172,515 |  |  | 860 |  |  | 18 |  |  | 173,293 |  |  | 100 |  |  | 56 |  |  | 173,393 |
Open end and junior lien loans |  | 163,489 |  |  | 34 |  |  | 0 |  |  | 163,425 |  |  | 98 |  |  | 98 |  |  | 163,523 |
Residential construction loans |  | 12,491 |  |  | 0 |  |  | 0 |  |  | 12,491 |  |  | 0 |  |  | 0 |  |  | 12,491 |
Other consumer loans |  | 91,829 |  |  | 118 |  |  | 0 |  |  | 91,629 |  |  | 318 |  |  | 0 |  |  | 91,947 |
Total |  | $ | 4,238,195 |  |  | $ | 1,240 |  |  | $ | 18 |  |  | $ | 4,208,475 |  |  | $ | 30,978 |  |  | $ | 1,373 |  |  | $ | 4,239,453 |
As of September 30, 2021 there were no loans 30-89 days past due or greater than 89 days past due on nonaccrual. Additionally, interest income recognized on nonaccrual loans was insignificant during the nine month period ended September 30, 2021. When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant quarter over quarter changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value. The following table presents the amortized cost basis of collateral dependent loans by class of loan as of September 30, 2021:
(dollars in thousands) |  | Real Estate |  | General Business Assets |  | Other |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 0 |  |  | $ | 14,181 |  |  | $ | 0 |  |  | $ | 14,181 |
Non-working capital loans |  | 1,632 |  |  | 13,757 |  |  | 229 |  |  | 15,618 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |
Owner occupied loans |  | 1,456 |  |  | 1,675 |  |  | 1,161 |  |  | 4,292 |
Nonowner occupied loans |  | 3,358 |  |  | 0 |  |  | 0 |  |  | 3,358 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |
Loans secured by farmland |  | 0 |  |  | 145 |  |  | 0 |  |  | 145 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 3,056 |  |  | 0 |  |  | 0 |  |  | 3,056 |
Other consumer loans |  | 0 |  |  | 0 |  |  | 51 |  |  | 51 |
Total |  | 9,502 |  |  | 29,758 |  |  | 1,441 |  |  | 40,701 |
Troubled Debt Restructurings: Troubled debt restructured loans are included in the totals for individually analyzed loans. The Company has allocated $6.1 million and $5.5 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2021 and December 31, 2020, respectively. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring.
(dollars in thousands) |  | September 30, 2021 |  | December 31, 2020
Accruing troubled debt restructured loans |  | $ | 4,973 |  |  | $ | 5,237 |
Nonaccrual troubled debt restructured loans |  | 6,093 |  |  | 6,476 |
Total troubled debt restructured loans |  | $ | 11,066 |  |  | $ | 11,713 |
During the three and nine months ended September 30, 2021, no loans were modified as troubled debt restructurings. 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
(dollars in thousands) |  | Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Number of Loans |  | Extension Period or Range (in months)
Troubled Debt Restructurings |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | 1 |  |  | $ | 250 |  |  | $ | 315 |  |  | 1 |  |  | 0
Non-working capital lines of credit 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 nine month period ended September 30, 2020, the troubled debt restructurings described above increased the allowance for credit losses by $2.4 million, and charge-offs of $666,000 were recorded. As of September 30, 2021, total deferrals attributed to COVID-19 were $22.3 million representing three borrowers. This represented 0.5% of the total loan portfolio. Two were commercial loan borrowers and there was one retail borrower with COVID-19 deferrals. Of the total commercial deferrals attributed to COVID-19, $8.0 million represented a second deferral action and $14.3 million represented a third deferral action. 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, loan deferrals granted to customers that resulted from the impact of COVID-19 and who were not past due at December 31, 2019 were not considered troubled debt restructurings as of September 30, 2021. This provision was extended to January 1, 2022 under the Consolidated Appropriations Act, 2021. Management continues to monitor these deferrals and has adequately considered these credits in the September 30, 2021 allowance for credit losses balance. Allowance for Loan Losses (Prior to January 1, 2021): Prior to the adoption of ASC 326 on January 1, 2021 the Company calculated the allowance for loan losses using the incurred losses methodology. The following tables are disclosures related to the allowance for loan losses in prior periods. The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month period ended September 30, 2020:
(dollars in thousands) |  | Commercial and Industrial |  | Commercial Real Estate and Multfamily Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other 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 credit 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 |
The following tables present the activity in the allowance for loan losses by portfolio segment for the nine-month period ended September 30, 2020:
(dollars in thousands) |  | Commercial and Industrial |  | Commercial Real Estate and Multfamily Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other 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 credit 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 |
The following table presents the 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:
(dollars in thousands) |  | Commercial and Industrial |  | Commercial Real Estate and Multfamily Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other 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 |  |  | $ | 0 |  |  | $ | 270 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 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 |  |  | $ | 0 |  |  | $ | 1,700 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 20,179 |
Loans collectively evaluated for impairment |  | 1,772,393 |  |  | 1,887,054 |  |  | 429,234 |  |  | 93,912 |  |  | 342,999 |  |  | 103,385 |  |  | 0 |  |  | 4,628,977 |
Total ending loans balance |  | $ | 1,784,926 |  |  | $ | 1,892,572 |  |  | $ | 429,662 |  |  | $ | 93,912 |  |  | $ | 344,699 |  |  | $ | 103,385 |  |  | $ | 0 |  |  | $ | 4,649,156 |
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2020:
(dollars in thousands) |  | Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses 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 |
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:
(dollars in thousands) |  | Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Income 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 nine-month period ended September 30, 2020:
(dollars in thousands) |  | Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Income 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 the aging of the recorded investment in past due loans as of December 31, 2020 by class of loans:
(dollars in thousands) |  | Loans Not Past Due |  | 30‑89 Days Past Due |  |  |  | Greater than 90 Days Past Due |  | Nonaccrual |  | Total Past Due and Nonaccrual |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 625,493 |  |  | $ | 0 |  |  |  |  | $ | 0 |  |  | $ | 606 |  |  | $ | 606 |  |  | $ | 626,099 |
Non-working capital loans |  | 1,153,540 |  |  | 0 |  |  |  |  | 0 |  |  | 5,287 |  |  | 5,287 |  |  | 1,158,827 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  | 361,664 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 361,664 |
Owner occupied loans |  | 642,527 |  |  | 0 |  |  |  |  | 0 |  |  | 5,047 |  |  | 5,047 |  |  | 647,574 |
Nonowner occupied loans |  | 579,050 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 579,050 |
Multifamily loans |  | 304,284 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 304,284 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  | 194,935 |  |  | 0 |  |  |  |  | 0 |  |  | 428 |  |  | 428 |  |  | 195,363 |
Loans for agricultural production |  | 234,191 |  |  | 108 |  |  |  |  | 0 |  |  | 0 |  |  | 108 |  |  | 234,299 |
Other commercial loans |  | 93,912 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 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 |  |  |  |  | 0 |  |  | 5 |  |  | 142 |  |  | 165,236 |
Residential construction loans |  | 11,962 |  |  | 0 |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 11,962 |
Other consumer loans |  | 103,240 |  |  | 145 |  |  |  |  | 0 |  |  | 0 |  |  | 145 |  |  | 103,385 |
Total |  | $ | 4,635,787 |  |  | $ | 1,267 |  |  |  |  | $ | 116 |  |  | $ | 11,986 |  |  | $ | 13,369 |  |  | $ | 4,649,156 |
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:
(dollars in thousands) |  | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Not Rated |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 535,071 |  |  | $ | 81,095 |  |  | $ | 9,718 |  |  | $ | 0 |  |  | $ | 215 |  |  | $ | 626,099 |
Non-working capital loans |  | 1,111,989 |  |  | 26,523 |  |  | 14,820 |  |  | 0 |  |  | 5,495 |  |  | 1,158,827 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  | 361,664 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 361,664 |
Owner occupied loans |  | 608,845 |  |  | 31,355 |  |  | 7,374 |  |  | 0 |  |  | 0 |  |  | 647,574 |
Nonowner occupied loans |  | 547,790 |  |  | 31,260 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 579,050 |
Multi-family loans |  | 282,031 |  |  | 22,253 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 304,284 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  | 183,983 |  |  | 10,728 |  |  | 652 |  |  | 0 |  |  | 0 |  |  | 195,363 |
Loans for agricultural production |  | 185,875 |  |  | 48,424 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 234,299 |
Other commercial loans |  | 93,912 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 93,912 |
Consumer 1‑4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 40,682 |  |  | 0 |  |  | 1,695 |  |  | 0 |  |  | 125,124 |  |  | 167,501 |
Open end and junior lien loans |  | 8,424 |  |  | 0 |  |  | 5 |  |  | 0 |  |  | 156,807 |  |  | 165,236 |
Residential construction loans |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 11,962 |  |  | 11,962 |
Other consumer loans |  | 36,979 |  |  | 253 |  |  | 0 |  |  | 0 |  |  | 66,153 |  |  | 103,385 |
Total |  | $ | 3,997,245 |  |  | $ | 251,891 |  |  | $ | 34,264 |  |  | $ | 0 |  |  | $ | 365,756 |  |  | $ | 4,649,156 |

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