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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables) | 12 Months Ended
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Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY |
In Allowance For Loan Losses and Recorded Investment In Loans By Portfolio Segment | The following table presents the activity in the allowance for credit losses by portfolio segment for the year ended December 31, 2021:
(dollars in thousands) | Commercial and Industrial |  | Commercial Real Estate and Multi-family Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other Consumer |  | Unallocated |  | Total
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 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 | 1,966 |  |  | (632) |  |  | 611 |  |  | (211) |  |  | (777) |  |  | (72) |  |  | 192 |  |  | 1,077 |
Loans charged-off | (5,575) |  |  | (70) |  |  | 0 |  |  | 0 |  |  | (51) |  |  | (287) |  |  | 0 |  |  | (5,983) |
Recoveries | 1,559 |  |  | 14 |  |  | 320 |  |  | 0 |  |  | 122 |  |  | 206 |  |  | 0 |  |  | 2,221 |
Net loans (charged-off) recovered | (4,016) |  |  | (56) |  |  | 320 |  |  | 0 |  |  | 71 |  |  | (81) |  |  | 0 |  |  | (3,762) |
Ending balance | $ | 30,595 |  |  | $ | 26,535 |  |  | $ | 5,034 |  |  | $ | 1,146 |  |  | $ | 2,866 |  |  | $ | 1,147 |  |  | $ | 450 |  |  | $ | 67,773 |
The following tables present the activity and balance in the allowance for loan losses by portfolio segment for the year ended December 31, 2020 and 2019. PPP loans are fully guaranteed by the SBA and have not been allocated for within the allowance for loan losses.
(dollars in thousands) | Commercial and Industrial |  | Commercial Real Estate and Multi-family Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other 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) |  |  | 0 |  |  | 0 |  |  | (141) |  |  | (516) |  |  | 0 |  |  | (5,253) |
Recoveries | 428 |  |  | 315 |  |  | 0 |  |  | 0 |  |  | 333 |  |  | 163 |  |  | 0 |  |  | 1,239 |
Net loans (charged-off) recovered | (4,096) |  |  | 243 |  |  | 0 |  |  | 0 |  |  | 192 |  |  | (353) |  |  | 0 |  |  | (4,014) |
Ending balance | $ | 28,333 |  |  | $ | 22,907 |  |  | $ | 3,043 |  |  | $ | 416 |  |  | $ | 2,619 |  |  | $ | 951 |  |  | $ | 3,139 |  |  | $ | 61,408 |
(dollars in thousands) | Commercial and Industrial |  | Commercial Real Estate and Multi-family Residential |  | Agri-business and Agricultural |  | Other Commercial |  | Consumer 1-4 Family Mortgage |  | Other 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) |  |  | 0 |  |  | 0 |  |  | (110) |  |  | (336) |  |  | 0 |  |  | (1,910) |
Recoveries | 459 |  |  | 161 |  |  | 8 |  |  | 0 |  |  | 123 |  |  | 123 |  |  | 0 |  |  | 874 |
Net loans (charged-off) recovered | (988) |  |  | 144 |  |  | 8 |  |  | 0 |  |  | 13 |  |  | (213) |  |  | 0 |  |  | (1,036) |
Ending balance | $ | 25,789 |  |  | $ | 15,796 |  |  | $ | 3,869 |  |  | $ | 447 |  |  | $ | 2,086 |  |  | $ | 345 |  |  | $ | 2,320 |  |  | $ | 50,652 |
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:
(dollars in thousands) | Commercial and Industrial |  | Commercial Real Estate and Multi-family 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 |
Risk category of loans by loan segment and origination | The following table summarizes the risk category of loans by loan segment and origination date as of December 31, 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 | $ | 3,699 |  |  | $ | 830 |  |  | $ | 3,360 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 7,889 |  |  | $ | 558,634 |  |  | $ | 566,523 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 60,441 |  |  | 60,441 |
Substandard | 0 |  |  | 0 |  |  | 35 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 35 |  |  | 25,928 |  |  | 25,963 |
Total | 3,699 |  |  | 830 |  |  | 3,395 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 7,924 |  |  | 645,003 |  |  | 652,927 |
Non-working capital loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 185,374 |  |  | 139,157 |  |  | 79,477 |  |  | 38,899 |  |  | 19,415 |  |  | 18,489 |  |  | 480,811 |  |  | 203,794 |  |  | 684,605 |
Special Mention | 17,728 |  |  | 0 |  |  | 225 |  |  | 979 |  |  | 2,350 |  |  | 1,426 |  |  | 22,708 |  |  | 0 |  |  | 22,708 |
Substandard | 2,996 |  |  | 6,948 |  |  | 1,091 |  |  | 2,534 |  |  | 5,465 |  |  | 426 |  |  | 19,460 |  |  | 3,321 |  |  | 22,781 |
Not Rated | 2,265 |  |  | 1,758 |  |  | 837 |  |  | 563 |  |  | 128 |  |  | 14 |  |  | 5,565 |  |  | 0 |  |  | 5,565 |
Total | 208,363 |  |  | 147,863 |  |  | 81,630 |  |  | 42,975 |  |  | 27,358 |  |  | 20,355 |  |  | 528,544 |  |  | 207,115 |  |  | 735,659 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 35,136 |  |  | 30,224 |  |  | 1,276 |  |  | 998 |  |  | 0 |  |  | 0 |  |  | 67,634 |  |  | 310,396 |  |  | 378,030 |
Total | 35,136 |  |  | 30,224 |  |  | 1,276 |  |  | 998 |  |  | 0 |  |  | 0 |  |  | 67,634 |  |  | 310,396 |  |  | 378,030 |
Owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 135,861 |  |  | 169,404 |  |  | 124,117 |  |  | 85,070 |  |  | 78,155 |  |  | 93,925 |  |  | 686,532 |  |  | 29,611 |  |  | 716,143 |
Special Mention | 6,555 |  |  | 0 |  |  | 880 |  |  | 933 |  |  | 7,387 |  |  | 1,235 |  |  | 16,990 |  |  | 0 |  |  | 16,990 |
Substandard | 489 |  |  | 1,570 |  |  | 909 |  |  | 1,758 |  |  | 694 |  |  | 238 |  |  | 5,658 |  |  | 0 |  |  | 5,658 |
Total | 142,905 |  |  | 170,974 |  |  | 125,906 |  |  | 87,761 |  |  | 86,236 |  |  | 95,398 |  |  | 709,180 |  |  | 29,611 |  |  | 738,791 |
Nonowner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 146,342 |  |  | 154,433 |  |  | 107,262 |  |  | 19,054 |  |  | 31,023 |  |  | 59,154 |  |  | 517,268 |  |  | 44,362 |  |  | 561,630 |
Special Mention | 11,825 |  |  | 331 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 14,253 |  |  | 26,409 |  |  | 0 |  |  | 26,409 |
Total | 158,167 |  |  | 154,764 |  |  | 107,262 |  |  | 19,054 |  |  | 31,023 |  |  | 73,407 |  |  | 543,677 |  |  | 44,362 |  |  | 588,039 |
Multi-family loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 84,678 |  |  | 53,195 |  |  | 36,575 |  |  | 12,286 |  |  | 14,574 |  |  | 9,793 |  |  | 211,101 |  |  | 13,434 |  |  | 224,535 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 22,252 |  |  | 0 |  |  | 22,252 |  |  | 0 |  |  | 22,252 |
Total | 84,678 |  |  | 53,195 |  |  | 36,575 |  |  | 12,286 |  |  | 36,826 |  |  | 9,793 |  |  | 233,353 |  |  | 13,434 |  |  | 246,787 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 47,532 |  |  | 37,035 |  |  | 16,249 |  |  | 10,469 |  |  | 10,454 |  |  | 17,021 |  |  | 138,760 |  |  | 61,774 |  |  | 200,534 |
Special Mention | 0 |  |  | 1,985 |  |  | 2,303 |  |  | 0 |  |  | 180 |  |  | 30 |  |  | 4,498 |  |  | 918 |  |  | 5,416 |
Substandard | 207 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 145 |  |  | 352 |  |  | 0 |  |  | 352 |
Total | 47,739 |  |  | 39,020 |  |  | 18,552 |  |  | 10,469 |  |  | 10,634 |  |  | 17,196 |  |  | 143,610 |  |  | 62,692 |  |  | 206,302 |
Loans for agricultural production: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 36,238 |  |  | 25,855 |  |  | 4,224 |  |  | 11,072 |  |  | 1,331 |  |  | 4,178 |  |  | 82,898 |  |  | 138,142 |  |  | 221,040 |
Special Mention | 448 |  |  | 8,642 |  |  | 1,171 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 10,261 |  |  | 8,272 |  |  | 18,533 |
Total | 36,686 |  |  | 34,497 |  |  | 5,395 |  |  | 11,072 |  |  | 1,331 |  |  | 4,178 |  |  | 93,159 |  |  | 146,414 |  |  | 239,573 |
Other commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 6,556 |  |  | 21,111 |  |  | 3,243 |  |  | 1,273 |  |  | 8,592 |  |  | 7,460 |  |  | 48,235 |  |  | 21,145 |  |  | 69,380 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3,798 |  |  | 3,798 |  |  | 0 |  |  | 3,798 |
Total | 6,556 |  |  | 21,111 |  |  | 3,243 |  |  | 1,273 |  |  | 8,592 |  |  | 11,258 |  |  | 52,033 |  |  | 21,145 |  |  | 73,178 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 14,635 |  |  | 16,173 |  |  | 5,312 |  |  | 5,903 |  |  | 3,049 |  |  | 3,221 |  |  | 48,293 |  |  | 5,005 |  |  | 53,298 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,274 |  |  | 1,274 |  |  | 0 |  |  | 1,274 |
Not Rated | 45,089 |  |  | 27,738 |  |  | 9,248 |  |  | 5,217 |  |  | 7,628 |  |  | 26,321 |  |  | 121,241 |  |  | 482 |  |  | 121,723 |
Total | 59,724 |  |  | 43,911 |  |  | 14,560 |  |  | 11,120 |  |  | 10,677 |  |  | 30,816 |  |  | 170,808 |  |  | 5,487 |  |  | 176,295 |
Open end and junior lien loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 679 |  |  | 379 |  |  | 159 |  |  | 313 |  |  | 0 |  |  | 0 |  |  | 1,530 |  |  | 5,074 |  |  | 6,604 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 98 |  |  | 98 |
Not Rated | 21,945 |  |  | 5,624 |  |  | 5,987 |  |  | 3,899 |  |  | 1,653 |  |  | 1,526 |  |  | 40,634 |  |  | 110,523 |  |  | 151,157 |
Total | 22,624 |  |  | 6,003 |  |  | 6,146 |  |  | 4,212 |  |  | 1,653 |  |  | 1,526 |  |  | 42,164 |  |  | 115,695 |  |  | 157,859 |
Residential construction loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Not Rated | 7,926 |  |  | 1,537 |  |  | 960 |  |  | 138 |  |  | 171 |  |  | 1,125 |  |  | 11,857 |  |  | 0 |  |  | 11,857 |
Total | 7,926 |  |  | 1,537 |  |  | 960 |  |  | 138 |  |  | 171 |  |  | 1,125 |  |  | 11,857 |  |  | 0 |  |  | 11,857 |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 3,401 |  |  | 957 |  |  | 1,523 |  |  | 0 |  |  | 1,155 |  |  | 0 |  |  | 7,036 |  |  | 12,998 |  |  | 20,034 |
Substandard | 36 |  |  | 23 |  |  | 230 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 289 |  |  | 0 |  |  | 289 |
Not Rated | 21,652 |  |  | 14,931 |  |  | 7,474 |  |  | 5,844 |  |  | 1,890 |  |  | 1,203 |  |  | 52,994 |  |  | 9,227 |  |  | 62,221 |
Total | 25,089 |  |  | 15,911 |  |  | 9,227 |  |  | 5,844 |  |  | 3,045 |  |  | 1,203 |  |  | 60,319 |  |  | 22,225 |  |  | 82,544 |
TOTAL | $ | 839,292 |  |  | $ | 719,840 |  |  | $ | 414,127 |  |  | $ | 207,202 |  |  | $ | 217,546 |  |  | $ | 266,255 |  |  | $ | 2,664,262 |  |  | $ | 1,623,579 |  |  | $ | 4,287,841 |
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 |
Aging of the Recorded Investment in Past Due Loans | The following table presents the aging of the amortized cost basis in past due loans as of December 31, 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 |  | $ | 652,903 |  |  | $ | 24 |  |  | $ | 0 |  |  | $ | 646,961 |  |  | $ | 5,966 |  |  | $ | 5,200 |  |  | $ | 652,927 |
Non-working capital loans |  | 735,658 |  |  | 1 |  |  | 0 |  |  | 731,063 |  |  | 4,596 |  |  | 229 |  |  | 735,659 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  | 378,030 |  |  | 0 |  |  | 0 |  |  | 378,030 |  |  | 0 |  |  | 0 |  |  | 378,030 |
Owner occupied loans |  | 738,791 |  |  | 0 |  |  | 0 |  |  | 735,157 |  |  | 3,634 |  |  | 2,129 |  |  | 738,791 |
Nonowner occupied loans |  | 588,039 |  |  | 0 |  |  | 0 |  |  | 588,039 |  |  | 0 |  |  | 0 |  |  | 588,039 |
Multi-family loans |  | 246,787 |  |  | 0 |  |  | 0 |  |  | 246,787 |  |  | 0 |  |  | 0 |  |  | 246,787 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  | 206,302 |  |  | 0 |  |  | 0 |  |  | 205,967 |  |  | 335 |  |  | 0 |  |  | 206,302 |
Loans for agricultural production |  | 239,573 |  |  | 0 |  |  | 0 |  |  | 239,573 |  |  | 0 |  |  | 0 |  |  | 239,573 |
Other commercial loans |  | 73,178 |  |  | 0 |  |  | 0 |  |  | 73,178 |  |  | 0 |  |  | 0 |  |  | 73,178 |
Consumer 1‑4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 175,678 |  |  | 500 |  |  | 117 |  |  | 176,240 |  |  | 55 |  |  | 55 |  |  | 176,295 |
Open end and junior lien loans |  | 157,729 |  |  | 130 |  |  | 0 |  |  | 157,761 |  |  | 98 |  |  | 98 |  |  | 157,859 |
Residential construction loans |  | 11,857 |  |  | 0 |  |  | 0 |  |  | 11,857 |  |  | 0 |  |  | 0 |  |  | 11,857 |
Other consumer loans |  | 82,472 |  |  | 72 |  |  | 0 |  |  | 82,255 |  |  | 289 |  |  | 0 |  |  | 82,544 |
Total |  | $ | 4,286,997 |  |  | $ | 727 |  |  | $ | 117 |  |  | $ | 4,272,868 |  |  | $ | 14,973 |  |  | $ | 7,711 |  |  | $ | 4,287,841 |
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 and Still Accruing |  | 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 |
Multi-family 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 |
Amortized Cost Basis of Collateral Dependent Loans | The following table presents the amortized cost basis of collateral dependent loans by class of loan as of December 31, 2021:
(dollars in thousands) |  | Real Estate |  | General Business Assets |  | Other |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 0 |  |  | $ | 5,966 |  |  | $ | 0 |  |  | $ | 5,966 |
Non-working capital loans |  | 1,606 |  |  | 9,475 |  |  | 229 |  |  | 11,310 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |
Owner occupied loans |  | 1,435 |  |  | 1,505 |  |  | 1,161 |  |  | 4,101 |
Nonowner occupied loans |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |
Loans secured by farmland |  | 190 |  |  | 145 |  |  | 0 |  |  | 335 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 3,081 |  |  | 0 |  |  | 0 |  |  | 3,081 |
Open end and junior lien loans |  | 98 |  |  | 0 |  |  | 0 |  |  | 98 |
Other consumer loans |  | 59 |  |  | 0 |  |  | 0 |  |  | 59 |
Total |  | $ | 6,469 |  |  | $ | 17,091 |  |  | $ | 1,390 |  |  | $ | 24,950 |
Troubled Debt Restructuring |
(dollars in thousands) |  | December 31, 2021 |  | December 31, 2020
Accruing troubled debt restructured loans |  | $ | 5,121 |  |  | $ | 5,237 |
Nonaccrual troubled debt restructured loans |  | 6,218 |  |  | 6,476 |
Total troubled debt restructured loans |  | $ | 11,339 |  |  | $ | 11,713 |
Loans by Class Modified as Troubled Debt Restructurings | The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 31, 2021:
|  |  |  |  |  |  |  | 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 |  |  |  |  |  |  |  |  |  |
Consumer 1-4 family loans: |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 2 |  |  | $ | 217 |  |  | $ | 217 |  |  | 2 |  |  | 172-204
Total |  | 2 |  |  | $ | 217 |  |  | $ | 217 |  |  | 2 |  |  | 172-204
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
(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
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
(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 |  |  | $ | 35 |  |  | $ | 35 |  |  | 1 |  |  | 1
Total |  | 1 |  |  | $ | 35 |  |  | $ | 35 |  |  | 1 |  |  | 1
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, 2021, 2020 and 2019.
| 2021 |  | 2020 |  | 2019
(dollars in thousands) | Number of Loans |  | Recorded Investment |  | Number of Loans |  | Recorded Investment |  | Number of Loans |  | Recorded Investment
Troubled Debt Restructurings that Subsequently Defaulted Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |
Non-working capital loans | 0 |  |  | $ | 0 |  |  | 0 |  |  | $ | 0 |  |  | 1 |  |  | $ | 601 |
Total | 0 |  |  | $ | 0 |  |  | 0 |  |  | $ | 0 |  |  | 1 |  |  | $ | 601 |
Loans individually evaluated for impairment | 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 for the year ended December 31, 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 | $ | 375 |  |  | $ | 0 |  |  | $ | 0 |
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 |  |  | 0 |  |  | 0 |
Loans for agricultural production | 4 |  |  | 0 |  |  | 0 |
Consumer 1-4 family loans: |  |  |  |  |
Closed end first mortgage loans | 291 |  |  | 3 |  |  | 2 |
Open end and junior lien loans | 49 |  |  | 0 |  |  | 0 |
With an allowance recorded: |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |
Working capital lines of credit loans | 2,433 |  |  | 0 |  |  | 0 |
Non-working capital loans | 11,579 |  |  | 287 |  |  | 287 |
Commercial real estate and multi-family residential loans: |  |  |  |  |
Construction and land development loans |  |  |  |  |
Owner occupied loans | 3,156 |  |  | 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 | 1,557 |  |  | 36 |  |  | 33 |
Open end and junior lien loans | 481 |  |  | 0 |  |  | 0 |
Residential construction loans | 35 |  |  | 0 |  |  | 0 |
Other consumer loans | 0 |  |  | 0 |  |  | 0 |
Total | $ | 23,362 |  |  | $ | 390 |  |  | $ | 385 |
The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 2019:
(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 | $ | 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 |
Loans for ag production | 4 |  |  | 0 |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |
Loans secured by farmland | 283 |  |  | 0 |  |  | 0 |
Consumer 1‑4 family loans: |  |  |  |  |
Closed end first mortgage loans | 272 |  |  | 3 |  |  | 3 |
Open end and junior lien loans | 133 |  |  | 0 |  |  | 0 |
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 |  |  | 0 |  |  | 0 |
Residential constructions loans | 9 |  |  | 0 |  |  | 0 |
Other consumer loans | 21 |  |  | 2 |  |  | 1 |
Total | $ | 26,464 |  |  | $ | 770 |  |  | $ | 651 |

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