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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables) | 12 Months Ended
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Dec. 31, 2023
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY |
Schedule of 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, 2023, 2022 and 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
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 35,290 |  |  | $ | 27,394 |  |  | $ | 4,429 |  |  | $ | 917 |  |  | $ | 3,001 |  |  | $ | 1,021 |  |  | $ | 554 |  |  | $ | 72,606 |
Provision for credit losses | 1,209 |  |  | 3,619 |  |  | (279) |  |  | 212 |  |  | 598 |  |  | 673 |  |  | (182) |  |  | 5,850 |
Loans charged-off | (6,341) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (163) |  |  | (828) |  |  | 0 |  |  | (7,332) |
Recoveries | 180 |  |  | 322 |  |  | 0 |  |  | 0 |  |  | 38 |  |  | 308 |  |  | 0 |  |  | 848 |
Net loans (charged-off) recovered | (6,161) |  |  | 322 |  |  | 0 |  |  | 0 |  |  | (125) |  |  | (520) |  |  | 0 |  |  | (6,484) |
Ending balance | $ | 30,338 |  |  | $ | 31,335 |  |  | $ | 4,150 |  |  | $ | 1,129 |  |  | $ | 3,474 |  |  | $ | 1,174 |  |  | $ | 372 |  |  | $ | 71,972 |
(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
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 30,595 |  |  | $ | 26,535 |  |  | $ | 5,034 |  |  | $ | 1,146 |  |  | $ | 2,866 |  |  | $ | 1,147 |  |  | $ | 450 |  |  | $ | 67,773 |
Provision for credit losses | 8,646 |  |  | 1,179 |  |  | (605) |  |  | (229) |  |  | 125 |  |  | 155 |  |  | 104 |  |  | 9,375 |
Loans charged-off | (4,022) |  |  | (597) |  |  | 0 |  |  | 0 |  |  | (42) |  |  | (473) |  |  | 0 |  |  | (5,134) |
Recoveries | 71 |  |  | 277 |  |  | 0 |  |  | 0 |  |  | 52 |  |  | 192 |  |  | 0 |  |  | 592 |
Net loans (charged-off) recovered | (3,951) |  |  | (320) |  |  | 0 |  |  | 0 |  |  | 10 |  |  | (281) |  |  | 0 |  |  | (4,542) |
Ending balance | $ | 35,290 |  |  | $ | 27,394 |  |  | $ | 4,429 |  |  | $ | 917 |  |  | $ | 3,001 |  |  | $ | 1,021 |  |  | $ | 554 |  |  | $ | 72,606 |
(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
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 |
Risk Category of Loans By Loan Segment and Origination | The following tables summarize the risk category of loans by loan segment and origination date as of December 31, 2023 and 2022. Balances presented are at the amortized cost basis by origination year.
(dollars in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Term Total |  | Revolving |  | Total
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 193 |  |  | $ | 1,876 |  |  | $ | 2,214 |  |  | $ | 1,132 |  |  | $ | 0 |  |  | $ | 50 |  |  | $ | 5,465 |  |  | $ | 532,086 |  |  | $ | 537,551 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 46,498 |  |  | 46,498 |
Substandard | 0 |  |  | 200 |  |  | 0 |  |  | 0 |  |  | 125 |  |  | 0 |  |  | 325 |  |  | 20,516 |  |  | 20,841 |
Total | 193 |  |  | 2,076 |  |  | 2,214 |  |  | 1,132 |  |  | 125 |  |  | 50 |  |  | 5,790 |  |  | 599,100 |  |  | 604,890 |
Working capital lines of credit loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 75 |  |  | 0 |  |  | 139 |  |  | 0 |  |  | 214 |  |  | 327 |  |  | 541 |
Non-working capital loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 199,071 |  |  | 224,333 |  |  | 85,273 |  |  | 49,999 |  |  | 28,773 |  |  | 10,501 |  |  | 597,950 |  |  | 171,264 |  |  | 769,214 |
Special Mention | 4,038 |  |  | 9,577 |  |  | 1,051 |  |  | 2,498 |  |  | 2,306 |  |  | 4,298 |  |  | 23,768 |  |  | 5,477 |  |  | 29,245 |
Substandard | 3,754 |  |  | 1,612 |  |  | 683 |  |  | 3,892 |  |  | 51 |  |  | 218 |  |  | 10,210 |  |  | 397 |  |  | 10,607 |
Not Rated | 2,585 |  |  | 1,999 |  |  | 881 |  |  | 707 |  |  | 162 |  |  | 18 |  |  | 6,352 |  |  | 0 |  |  | 6,352 |
Total | 209,448 |  |  | 237,521 |  |  | 87,888 |  |  | 57,096 |  |  | 31,292 |  |  | 15,035 |  |  | 638,280 |  |  | 177,138 |  |  | 815,418 |
Non-working capital loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 5,445 |  |  | 0 |  |  | 178 |  |  | 129 |  |  | 0 |  |  | 5,752 |  |  | 48 |  |  | 5,800 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 50,693 |  |  | 15,558 |  |  | 17,655 |  |  | 0 |  |  | 177 |  |  | 0 |  |  | 84,083 |  |  | 547,570 |  |  | 631,653 |
Total | 50,693 |  |  | 15,558 |  |  | 17,655 |  |  | 0 |  |  | 177 |  |  | 0 |  |  | 84,083 |  |  | 547,570 |  |  | 631,653 |
Construction and land development loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 144,411 |  |  | 132,850 |  |  | 156,680 |  |  | 132,407 |  |  | 61,415 |  |  | 118,406 |  |  | 746,169 |  |  | 40,288 |  |  | 786,457 |
Special Mention | 7,597 |  |  | 686 |  |  | 4,913 |  |  | 0 |  |  | 1,394 |  |  | 2,245 |  |  | 16,835 |  |  | 14,739 |  |  | 31,574 |
Substandard | 362 |  |  | 250 |  |  | 3,325 |  |  | 1,474 |  |  | 345 |  |  | 1,161 |  |  | 6,917 |  |  | 0 |  |  | 6,917 |
Total | 152,370 |  |  | 133,786 |  |  | 164,918 |  |  | 133,881 |  |  | 63,154 |  |  | 121,812 |  |  | 769,921 |  |  | 55,027 |  |  | 824,948 |
Owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Nonowner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 123,633 |  |  | 158,415 |  |  | 112,582 |  |  | 134,050 |  |  | 87,288 |  |  | 66,755 |  |  | 682,723 |  |  | 27,860 |  |  | 710,583 |
Special Mention | 4,503 |  |  | 0 |  |  | 6,257 |  |  | 0 |  |  | 0 |  |  | 2,246 |  |  | 13,006 |  |  | 0 |  |  | 13,006 |
Total | 128,136 |  |  | 158,415 |  |  | 118,839 |  |  | 134,050 |  |  | 87,288 |  |  | 69,001 |  |  | 695,729 |  |  | 27,860 |  |  | 723,589 |
Nonowner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Multi-family loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 90,954 |  |  | 23,315 |  |  | 9,042 |  |  | 35,648 |  |  | 13,971 |  |  | 14,609 |  |  | 187,539 |  |  | 45,987 |  |  | 233,526 |
Special Mention | 19,671 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 19,671 |  |  | 0 |  |  | 19,671 |
Total | 110,625 |  |  | 23,315 |  |  | 9,042 |  |  | 35,648 |  |  | 13,971 |  |  | 14,609 |  |  | 207,210 |  |  | 45,987 |  |  | 253,197 |
Multi-family loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 24,503 |  |  | 32,060 |  |  | 25,308 |  |  | 27,924 |  |  | 9,104 |  |  | 19,160 |  |  | 138,059 |  |  | 24,724 |  |  | 162,783 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 100 |  |  | 100 |  |  | 0 |  |  | 100 |
Total | 24,503 |  |  | 32,060 |  |  | 25,308 |  |  | 27,924 |  |  | 9,104 |  |  | 19,260 |  |  | 138,159 |  |  | 24,724 |  |  | 162,883 |
Loans secured by farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Loans for agricultural production: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 28,657 |  |  | 13,589 |  |  | 27,175 |  |  | 25,504 |  |  | 3,533 |  |  | 10,429 |  |  | 108,887 |  |  | 116,406 |  |  | 225,293 |
Special Mention | 0 |  |  | 0 |  |  | 187 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 187 |  |  | 500 |  |  | 687 |
Total | 28,657 |  |  | 13,589 |  |  | 27,362 |  |  | 25,504 |  |  | 3,533 |  |  | 10,429 |  |  | 109,074 |  |  | 116,906 |  |  | 225,980 |
Loans for agricultural production: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Other commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 7,058 |  |  | 26,918 |  |  | 33,247 |  |  | 13,684 |  |  | 90 |  |  | 7,332 |  |  | 88,329 |  |  | 29,819 |  |  | 118,148 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2,419 |  |  | 2,419 |  |  | 0 |  |  | 2,419 |
Total | 7,058 |  |  | 26,918 |  |  | 33,247 |  |  | 13,684 |  |  | 90 |  |  | 9,751 |  |  | 90,748 |  |  | 29,819 |  |  | 120,567 |
Other commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 9,910 |  |  | 10,541 |  |  | 12,486 |  |  | 8,614 |  |  | 3,924 |  |  | 4,625 |  |  | 50,100 |  |  | 8,330 |  |  | 58,430 |
Special Mention | 0 |  |  | 0 |  |  | 0 |  |  | 519 |  |  | 0 |  |  | 0 |  |  | 519 |  |  | 0 |  |  | 519 |
Substandard | 87 |  |  | 0 |  |  | 96 |  |  | 123 |  |  | 0 |  |  | 253 |  |  | 559 |  |  | 0 |  |  | 559 |
Not Rated | 64,233 |  |  | 51,018 |  |  | 38,014 |  |  | 17,432 |  |  | 4,314 |  |  | 23,225 |  |  | 198,236 |  |  | 0 |  |  | 198,236 |
Total | 74,230 |  |  | 61,559 |  |  | 50,596 |  |  | 26,688 |  |  | 8,238 |  |  | 28,103 |  |  | 249,414 |  |  | 8,330 |  |  | 257,744 |
Closed end first mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
Open end and junior lien loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 557 |  |  | 137 |  |  | 491 |  |  | 335 |  |  | 0 |  |  | 6 |  |  | 1,526 |  |  | 8,689 |  |  | 10,215 |
Substandard | 108 |  |  | 0 |  |  | 23 |  |  | 0 |  |  | 26 |  |  | 48 |  |  | 205 |  |  | 68 |  |  | 273 |
Not Rated | 24,792 |  |  | 29,648 |  |  | 8,471 |  |  | 1,554 |  |  | 2,286 |  |  | 1,962 |  |  | 68,713 |  |  | 112,371 |  |  | 181,084 |
Total | 25,457 |  |  | 29,785 |  |  | 8,985 |  |  | 1,889 |  |  | 2,312 |  |  | 2,016 |  |  | 70,444 |  |  | 121,128 |  |  | 191,572 |
Open end and junior lien loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 50 |  |  | 14 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 64 |  |  | 99 |  |  | 163 |
Residential construction loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Not Rated | 1,525 |  |  | 2,982 |  |  | 1,515 |  |  | 839 |  |  | 263 |  |  | 1,220 |  |  | 8,344 |  |  | 0 |  |  | 8,344 |
Total | 1,525 |  |  | 2,982 |  |  | 1,515 |  |  | 839 |  |  | 263 |  |  | 1,220 |  |  | 8,344 |  |  | 0 |  |  | 8,344 |
Residential construction loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,082 |  |  | 789 |  |  | 1,391 |  |  | 301 |  |  | 0 |  |  | 0 |  |  | 3,563 |  |  | 11,894 |  |  | 15,457 |
Substandard | 40 |  |  | 34 |  |  | 35 |  |  | 0 |  |  | 2 |  |  | 0 |  |  | 111 |  |  | 0 |  |  | 111 |
Not Rated | 32,481 |  |  | 17,585 |  |  | 9,994 |  |  | 6,008 |  |  | 1,611 |  |  | 1,957 |  |  | 69,636 |  |  | 10,545 |  |  | 80,181 |
Total | 33,603 |  |  | 18,408 |  |  | 11,420 |  |  | 6,309 |  |  | 1,613 |  |  | 1,957 |  |  | 73,310 |  |  | 22,439 |  |  | 95,749 |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross write offs | 16 |  |  | 258 |  |  | 90 |  |  | 8 |  |  | 212 |  |  | 1 |  |  | 585 |  |  | 243 |  |  | 828 |
Total Loans | $ | 846,498 |  |  | $ | 755,972 |  |  | $ | 558,989 |  |  | $ | 464,644 |  |  | $ | 221,160 |  |  | $ | 293,243 |  |  | $ | 3,140,506 |  |  | $ | 1,776,028 |  |  | $ | 4,916,534 |
Total current period gross write offs | $ | 16 |  |  | $ | 5,753 |  |  | $ | 179 |  |  | $ | 186 |  |  | $ | 480 |  |  | $ | 1 |  |  | $ | 6,615 |  |  | $ | 717 |  |  | $ | 7,332 |
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, 2023 and 2022 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
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 602,236 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 602,236 |  |  | $ | 2,654 |  |  | $ | 0 |  |  | $ | 604,890 |
Non-working capital loans |  | 805,305 |  |  | 1,372 |  |  | 0 |  |  | 806,677 |  |  | 8,741 |  |  | 244 |  |  | 815,418 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  | 631,653 |  |  | 0 |  |  | 0 |  |  | 631,653 |  |  | 0 |  |  | 0 |  |  | 631,653 |
Owner occupied loans |  | 821,701 |  |  | 0 |  |  | 0 |  |  | 821,701 |  |  | 3,247 |  |  | 1,161 |  |  | 824,948 |
Nonowner occupied loans |  | 723,589 |  |  | 0 |  |  | 0 |  |  | 723,589 |  |  | 0 |  |  | 0 |  |  | 723,589 |
Multi-family loans |  | 253,197 |  |  | 0 |  |  | 0 |  |  | 253,197 |  |  | 0 |  |  | 0 |  |  | 253,197 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  | 162,783 |  |  | 0 |  |  | 0 |  |  | 162,783 |  |  | 100 |  |  | 0 |  |  | 162,883 |
Loans for agricultural production |  | 225,980 |  |  | 0 |  |  | 0 |  |  | 225,980 |  |  | 0 |  |  | 0 |  |  | 225,980 |
Other commercial loans |  | 120,567 |  |  | 0 |  |  | 0 |  |  | 120,567 |  |  | 0 |  |  | 0 |  |  | 120,567 |
Consumer 1‑4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 256,016 |  |  | 1,142 |  |  | 27 |  |  | 257,185 |  |  | 559 |  |  | 329 |  |  | 257,744 |
Open end and junior lien loans |  | 190,956 |  |  | 344 |  |  | 0 |  |  | 191,300 |  |  | 272 |  |  | 164 |  |  | 191,572 |
Residential construction loans |  | 8,344 |  |  | 0 |  |  | 0 |  |  | 8,344 |  |  | 0 |  |  | 0 |  |  | 8,344 |
Other consumer loans |  | 95,135 |  |  | 502 |  |  | 0 |  |  | 95,637 |  |  | 112 |  |  | 3 |  |  | 95,749 |
Total |  | $ | 4,897,462 |  |  | $ | 3,360 |  |  | $ | 27 |  |  | $ | 4,900,849 |  |  | $ | 15,685 |  |  | $ | 1,901 |  |  | $ | 4,916,534 |
(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
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 649,529 |  |  | $ | 68 |  |  | $ | 0 |  |  | $ | 649,597 |  |  | $ | 1,442 |  |  | $ | 0 |  |  | $ | 651,039 |
Non-working capital loans |  | 830,033 |  |  | 39 |  |  | 1 |  |  | 830,073 |  |  | 11,622 |  |  | 727 |  |  | 841,695 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |  | 515,168 |  |  | 0 |  |  | 0 |  |  | 515,168 |  |  | 0 |  |  | 0 |  |  | 515,168 |
Owner occupied loans |  | 754,451 |  |  | 0 |  |  | 0 |  |  | 754,451 |  |  | 3,065 |  |  | 1,469 |  |  | 757,516 |
Nonowner occupied loans |  | 705,662 |  |  | 0 |  |  | 0 |  |  | 705,662 |  |  | 0 |  |  | 0 |  |  | 705,662 |
Multi-family loans |  | 196,941 |  |  | 0 |  |  | 0 |  |  | 196,941 |  |  | 0 |  |  | 0 |  |  | 196,941 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans secured by farmland |  | 201,033 |  |  | 0 |  |  | 0 |  |  | 201,033 |  |  | 145 |  |  | 0 |  |  | 201,178 |
Loans for agricultural production |  | 230,989 |  |  | 0 |  |  | 0 |  |  | 230,989 |  |  | 0 |  |  | 0 |  |  | 230,989 |
Other commercial loans |  | 113,341 |  |  | 0 |  |  | 0 |  |  | 113,341 |  |  | 0 |  |  | 0 |  |  | 113,341 |
Consumer 1‑4 family mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 211,736 |  |  | 306 |  |  | 122 |  |  | 212,164 |  |  | 293 |  |  | 225 |  |  | 212,457 |
Open end and junior lien loans |  | 176,758 |  |  | 436 |  |  | 0 |  |  | 177,194 |  |  | 188 |  |  | 188 |  |  | 177,382 |
Residential construction loans |  | 19,170 |  |  | 0 |  |  | 0 |  |  | 19,170 |  |  | 0 |  |  | 0 |  |  | 19,170 |
Other consumer loans |  | 87,333 |  |  | 316 |  |  | 0 |  |  | 87,649 |  |  | 209 |  |  | 6 |  |  | 87,858 |
Total |  | $ | 4,692,144 |  |  | $ | 1,165 |  |  | $ | 123 |  |  | $ | 4,693,432 |  |  | $ | 16,964 |  |  | $ | 2,615 |  |  | $ | 4,710,396 |
Amortized Cost Basis of Collateral Dependent Loans | The following tables present the amortized cost basis of collateral dependent loans by class of loan as of December 31, 2023 and 2022:
(dollars in thousands) |  | Real Estate |  | General Business Assets |  | Other |  | Total
2023 |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 50 |  |  | $ | 2,454 |  |  | $ | 0 |  |  | $ | 2,504 |
Non-working capital loans |  | 40 |  |  | 8,202 |  |  | 400 |  |  | 8,642 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |
Owner occupied loans |  | 595 |  |  | 1,474 |  |  | 1,161 |  |  | 3,230 |
Nonowner occupied loans |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |
Loans secured by farmland |  | 0 |  |  | 100 |  |  | 0 |  |  | 100 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 559 |  |  | 0 |  |  | 0 |  |  | 559 |
Open end and junior lien loans |  | 164 |  |  | 0 |  |  | 0 |  |  | 164 |
Other consumer loans |  | 0 |  |  | 0 |  |  | 112 |  |  | 112 |
Total |  | $ | 1,408 |  |  | $ | 12,230 |  |  | $ | 1,673 |  |  | $ | 15,311 |
(dollars in thousands) |  | Real Estate |  | General Business Assets |  | Other |  | Total
2022 |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 50 |  |  | $ | 5,402 |  |  | $ | 0 |  |  | $ | 5,452 |
Non-working capital loans |  | 544 |  |  | 18,109 |  |  | 229 |  |  | 18,882 |
Commercial real estate and multi-family residential loans: |  |  |  |  |  |  |  |
Owner occupied loans |  | 413 |  |  | 1,491 |  |  | 1,161 |  |  | 3,065 |
Nonowner occupied loans |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Agri-business and agricultural loans: |  |  |  |  |  |  |  |
Loans secured by farmland |  | 0 |  |  | 145 |  |  | 0 |  |  | 145 |
Consumer 1-4 family mortgage loans: |  |  |  |  |  |  |  |
Closed end first mortgage loans |  | 2,030 |  |  | 0 |  |  | 0 |  |  | 2,030 |
Open end and junior lien loans |  | 188 |  |  | 0 |  |  | 0 |  |  | 188 |
Other consumer loans |  | 0 |  |  | 0 |  |  | 7 |  |  | 7 |
Total |  | $ | 3,225 |  |  | $ | 25,147 |  |  | $ | 1,397 |  |  | $ | 29,769 |
Schedule of Financing Receivable, Troubled Debt Restructuring |
(dollars in thousands) |  | Interest Rate Reduction |  | Combination Interest Rate Reduction and Term Extension |  | Combination Principal Forgiveness, Interest Rate Reduction, Term Extension and Payment Delay |  | Total Modifications |  | Total Class of Financing Receivable
Twelve Months Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 1,912 |  |  | $ | 944 |  |  | $ | 0 |  |  | $ | 2,856 |  |  | 0.47 | %
Non-working capital loans |  | 0 |  |  | 0 |  |  | 1,572 |  |  | 1,572 |  |  | 0.19 |
Total commercial and industrial loans |  | 1,912 |  |  | 944 |  |  | 1,572 |  |  | 4,428 |  |  | 0.31 |
Total loan modifications made to borrowers experiencing financial difficulty |  | $ | 1,912 |  |  | $ | 944 |  |  | $ | 1,572 |  |  | $ | 4,428 |  |  | 0.09 | %
The following table presents the financial effect of the loan modifications presented above for borrowers experiencing financial difficulty for the twelve months ended December 31, 2023:
(dollars in thousands) |  | Principal Forgiveness |  | Interest Rate Reduction |  | Term Extension |  | Payment Delay |  | Total Class of Financing Receivable
Twelve Months Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |
Commercial and industrial loans: |  |  |  |  |  |  |  |  |  |
Working capital lines of credit loans |  | $ | 0 |  |  | Reduction of two variable Prime Rate lines of credit to 1.00% Fixed Reduction of one variable line of credit from Prime plus 1.00% to 1.00% Fixed |  | Term extension for one variable rate line of credit from 12 months to 120 months |  | None |  | 0.47 | %
Non-working capital loans (1) |  | 9,380 |  |  | Reduction of one term loan from Prime plus 0.75% to 1.00% Fixed |  | Term extension from 40 months to 60 months |  | Extension of amortization period from 40 months to 480 months with excess cash flow recapture provisions for earlier repayment |  | 0.19 |
(1) Represents one $11.0 million non-working capital loan that received principal forgiveness of $9.4 million, of which $3.7 million and $5.6 million was charged off during the twelve months ended December 31, 2023 and 2022, respectively.

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