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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables)

3 Months Ended

Mar. 31, 2024

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

Schedule of Allowance for Credit Loss

The following tables present the activity in the allowance for credit losses by portfolio segment for the periods ended:

(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 March 31, 2024
Beginning balance, January 1						$	30,338					$	31,335					$	4,150					$	1,129					$	3,474					$	1,174					$	372					$	71,972
Provision for credit losses						542						717						(38)						(107)						21						256						129						1,520
Loans charged-off						(194)						0						0						0						0						(310)						0						(504)
Recoveries						34						26						0						0						23						109						0						192
Net loans (charged-off) recovered						(160)						26						0						0						23						(201)						0						(312)
Ending balance						$	30,720					$	32,078					$	4,112					$	1,022					$	3,518					$	1,229					$	501					$	73,180

(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 March 31, 2023
Beginning balance, January 1						$	35,290					$	27,394					$	4,429					$	917					$	3,001					$	1,021					$	554					$	72,606
Provision for credit losses						1,504						1,642						192						117						394						215						286						4,350
Loans charged-off						(5,644)						0						0						0						0						(252)						0						(5,896)
Recoveries						40						0						0						0						3						112						0						155
Net loans (charged-off) recovered						(5,604)						0						0						0						3						(140)						0						(5,741)
Ending balance						$	31,190					$	29,036					$	4,621					$	1,034					$	3,398					$	1,096					$	840					$	71,215

Schedule of Risk Category of Loans by Loan Segment and Origination Date and Credit Quality Indicators

The following table summarizes the risk category of loans by loan segment and year of origination as of March 31, 2024:

(dollars in thousands)			2024						2023						2022						2021						2020						Prior						Term Total						Revolving						Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass			$	0					$	173					$	1,910					$	2,085					$	1,014					$	0					$	5,182					$	578,879					$	584,061
Special Mention			0						0						0						0						0						0						0						44,314						44,314
Substandard			0						0						0						0						0						125						125						17,956						18,081
Total			0						173						1,910						2,085						1,014						125						5,307						641,149						646,456
Working capital lines of credit loans:
Current period gross write offs			0						0						94						0						0						0						94						87						181
Non-working capital loans:
Pass			29,281						205,939						199,954						80,369						46,724						35,984						598,251						190,808						789,059
Special Mention			586						3,077						10,126						955						1,293						4,593						20,630						4,317						24,947
Substandard			0						3,674						1,604						674						3,681						270						9,903						396						10,299
Not Rated			273						2,481						1,773						729						611						136						6,003						0						6,003
Total			30,140						215,171						213,457						82,727						52,309						40,983						634,787						195,521						830,308
Non-working capital loans:
Current period gross write offs			0						0						0						0						0						0						0						13						13
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass			19,348						43,392						12,546						47,129						0						175						122,590						534,622						657,212
Total			19,348						43,392						12,546						47,129						0						175						122,590						534,622						657,212
Construction and land development loans:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Owner occupied loans:
Pass			11,403						141,477						133,033						153,999						128,260						168,796						736,968						58,965						795,933
Special Mention			0						7,510						15,265						4,867						0						3,582						31,224						0						31,224
Substandard			0						351						236						2,134						1,471						1,499						5,691						0						5,691
Total			11,403						149,338						148,534						161,000						129,731						173,877						773,883						58,965						832,848
Owner occupied loans:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Nonowner occupied loans:
Pass			56,730						133,775						156,608						110,545						127,439						115,982						701,079						29,333						730,412
Special Mention			586						4,453						0						6,161						0						2,223						13,423						0						13,423
Total			57,316						138,228						156,608						116,706						127,439						118,205						714,502						29,333						743,835

Nonowner occupied loans:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Multifamily loans:
Pass			21,016						90,723						22,315						8,985						35,305						24,943						203,287						5,804						209,091
Special Mention			30,588						0						0						0						0						0						30,588						0						30,588
Total			51,604						90,723						22,315						8,985						35,305						24,943						233,875						5,804						239,679
Multifamily 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			3,516						23,636						31,737						24,413						27,560						25,108						135,970						31,201						167,171
Substandard			0						0						0						0						0						96						96						0						96
Total			3,516						23,636						31,737						24,413						27,560						25,204						136,066						31,201						167,267
Loans secured by farmland:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Loans for agricultural production:
Pass			1,142						28,938						19,910						26,414						24,782						12,545						113,731						86,270						200,001
Special Mention			0						0						0						182						0						0						182						500						682
Substandard			0						0						0						0						0						0						0						0						0
Doubtful			0						0						0						0						0						0						0						0						0
Not Rated			0						0						0						0						0						0						0						0						0
Total			1,142						28,938						19,910						26,596						24,782						12,545						113,913						86,770						200,683
Loans for agricultural production:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Other commercial loans:
Pass			150						6,798						26,338						33,783						13,061						6,712						86,842						31,102						117,944
Special Mention			0						0						0						0						0						2,230						2,230						0						2,230
Total			150						6,798						26,338						33,783						13,061						8,942						89,072						31,102						120,174
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			5,928						10,099						10,300						12,237						7,113						7,967						53,644						6,473						60,117
Special Mention			0						0						0						0						510						0						510						0						510
Substandard			0						87						0						93						123						228						531						0						531
Not Rated			3,871						64,742						49,563						37,397						16,804						26,741						199,118						0						199,118

Total			9,799						74,928						59,863						49,727						24,550						34,936						253,803						6,473						260,276
Closed end first mortgage loans:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Open end and junior lien loans:
Pass			0						775						0						478						327						6						1,586						9,349						10,935
Substandard			0						107						21						21						0						131						280						100						380
Not Rated			5,616						22,446						26,928						7,466						1,288						3,793						67,537						112,000						179,537
Total			5,616						23,328						26,949						7,965						1,615						3,930						69,403						121,449						190,852
Open end and junior lien loans:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Residential construction loans:
Not Rated			681						2,712						3,726						1,473						819						1,465						10,876						0						10,876
Total			681						2,712						3,726						1,473						819						1,465						10,876						0						10,876
Residential construction loans:
Current period gross write offs			0						0						0						0						0						0						0						0						0
Other consumer loans:
Pass			1,121						994						769						1,277						275						0						4,436						12,221						16,657
Substandard			0						190						33						34						0						0						257						0						257
Not Rated			6,607						30,095						15,759						9,109						5,352						2,952						69,874						10,305						80,179
Total			7,728						31,279						16,561						10,420						5,627						2,952						74,567						22,526						97,093
Other consumer loans:
Current period gross write offs			1						73						136						20						0						26						256						54						310
Total Loans			$	198,443					$	828,644					$	740,454					$	573,009					$	443,812					$	448,282					$	3,232,644					$	1,764,915					$	4,997,559
Total period gross write offs			$	1					$	73					$	230					$	20					$	0					$	26					$	350					$	154					$	504

The following table summarizes the risk category of loans by loan segment and year of origination as of December 31, 2023:

(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
Multifamily 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
Multifamily 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

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

Schedule of Aging of the Amortized Cost Basis In Past Due Loans

The following table presents the aging of the amortized cost basis in past due loans as of March 31, 2024 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						$	644,813					$	101					$	0					$	644,914					$	1,516					$	0					$	646,430
Non-working capital loans						820,224						1,350						0						821,574						8,760						243						830,334
Commercial real estate and multi-family residential loans:
Construction and land development loans						657,212						0						0						657,212						0						0						657,212
Owner occupied loans						829,629						0						0						829,629						3,219						1,161						832,848
Nonowner occupied loans						743,835						0						0						743,835						0						0						743,835
Multifamily loans						239,679						0						0						239,679						0						0						239,679
Agri-business and agricultural loans:
Loans secured by farmland						167,171						0						0						167,171						96						0						167,267
Loans for agricultural production						200,683						0						0						200,683						0						0						200,683
Other commercial loans						120,174						0						0						120,174						0						0						120,174
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans						258,505						1,233						7						259,745						531						302						260,276
Open end and junior lien loans						190,318						154						0						190,472						380						359						190,852
Residential construction loans						10,876						0						0						10,876						0						0						10,876
Other consumer loans						96,497						339						0						96,836						257						1						97,093
Total						$	4,979,616					$	3,177					$	7					$	4,982,800					$	14,759					$	2,066					$	4,997,559

The following table presents the aging of the amortized cost basis in past due loans as of December 31, 2023 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						$	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
Multifamily 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

Schedule of 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:

						March 31, 2024
(dollars in thousands)						Real Estate						General Business  Assets						Other						Total
Commercial and industrial loans:
Working capital lines of credit loans						$	50					$	1,516					$	0					$	1,566
Non-working capital loans						37						8,222						400						8,659
Commercial real estate and multi-family residential loans:
Owner occupied loans						574						1,471						1,161						3,206
Agri-business and agricultural loans:
Loans secured by farmland						0						96						0						96
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans						488						0						43						531
Open end and junior lien loans						273						0						0						273
Other consumer loans						0						0						63						63
Total						$	1,422					$	11,305					$	1,667					$	14,394

						December 31, 2023
(dollars in thousands)						Real Estate						General Business  Assets						Other						Total
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
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

Schedule of Performance of Modified Loans

The following table presents the performance of such loans that have been modified in the last 12 months at March 31, 2024:

(dollars in thousands)						30-59 Days Past Due						60-89 Days Past Due						Greater Than 89 Days Past Due						Total Past Due
Commercial and industrial loans:
Working capital lines of credit loans						$	941					$	0					$	0					$	941
Total commercial and industrial loans						941						0						0						941
Total						$	941					$	0					$	0					$	941

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