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Loans | 3 Months Ended
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Mar. 31, 2020
Receivables [Abstract] |
Loans | Loans Loans at March 31, 2020 were as follows:
|  | March 31, 2020 |  | December 31, 2019
Commercial: |  |  |  |
Commercial and Industrial Loans |  | $ | 509,947 |  |  | $ | 532,501 |
Commercial Real Estate Loans |  | 1,489,353 |  |  | 1,495,862 |
Agricultural Loans |  | 366,286 |  |  | 384,526 |
Leases |  | 55,833 |  |  | 57,257 |
Retail: |  |  |  |
Home Equity Loans |  | 224,306 |  |  | 225,755 |
Consumer Loans |  | 68,085 |  |  | 69,264 |
Credit Cards |  | 11,056 |  |  | 11,953 |
Residential Mortgage Loans |  | 293,550 |  |  | 304,855 |
Subtotal |  | 3,018,416 |  |  | 3,081,973 |
Less: Unearned Income |  | (4,683 | ) |  | (4,882 | )
Allowance for credit losses |  | (36,641 | ) |  | (16,278 | )
Loans, net |  | $ | 2,977,092 |  |  | $ | 3,060,813 |
Allowance for Credit Losses for Loans The following table presents the activity in the allowance for credit losses by portfolio segment for the quarter ended March 31, 2020:
March 31, 2020 |  | Commercial and Industrial Loans |  | Commercial Real Estate Loans |  | Agricultural Loans |  | Leases |  | Consumer Loans |  | Home Equity Loans |  | Credit Cards |  | Residential Mortgage Loans |  | Unallocated |  | Total
Allowance for Credit Losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance prior to adoption of ASC 326 |  | $ | 4,799 |  |  | $ | 4,692 |  |  | $ | 5,315 |  |  | $ | — |  |  | $ | 434 |  |  | $ | 200 |  |  | $ | — |  |  | $ | 333 |  |  | $ | 505 |  |  | $ | 16,278 |
Impact of adopting ASC 326 |  | 2,245 |  |  | 3,063 |  |  | 1,438 |  |  | 105 |  |  | (59 | ) |  | 762 |  |  | 124 |  |  | 1,594 |  |  | (505 | ) |  | 8,767 |
Impact of adopting ASC 326 - PCD Loans |  | 2,191 |  |  | 4,385 |  |  | 128 |  |  | — |  |  | — |  |  | 35 |  |  | — |  |  | 147 |  |  | — |  |  | 6,886 |
Provision for credit loss expense |  | (137 | ) |  | 5,167 |  |  | (396 | ) |  | 67 |  |  | 205 |  |  | (20 | ) |  | 35 |  |  | 229 |  |  | — |  |  | 5,150 |
Initial allowance on loans purchased with credit deterioration |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loans charged-off |  | (296 | ) |  | — |  |  | — |  |  | — |  |  | (237 | ) |  | — |  |  | (36 | ) |  | — |  |  | — |  |  | (569 | )
Recoveries collected |  | 12 |  |  | 3 |  |  | — |  |  | — |  |  | 112 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 129 |
Total ending allowance balance |  | $ | 8,814 |  |  | $ | 17,310 |  |  | $ | 6,485 |  |  | $ | 172 |  |  | $ | 455 |  |  | $ | 977 |  |  | $ | 124 |  |  | $ | 2,304 |  |  | $ | — |  |  | $ | 36,641 |
The Company estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for changes in underwriting standards, portfolio mix, delinquency level, changes in environmental conditions, unemployment rates, risk classifications and collateral values. The allowance for credit losses is measured on a collective (pooled) basis when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the collective evaluation. When the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date adjusted for selling costs. The Company utilizes the Static Pool methodology in determining expected future credit losses. Static pool analysis means segmenting and tracking loans over a period of time based on similar risk characteristics such as loan structure, collateral type, industry of borrower and concentrations, contractual terms and credit risk indicators. Static pool calculates a loss rate on a closed pool of loans that existed on a specified start date based upon the remaining life of each segment. The Company's expected loss estimate is anchored in historical credit loss experience, with an emphasis on all available portfolio data. The Company's historical look-back period includes January 2014 through the current period, on a monthly basis. Qualitative reserves reflect management’s overall estimate of the extent to which current expected credit losses on collectively evaluated loans will differ from historical loss experience. The analysis takes into consideration industry and collateral concentrations, acquired loan portfolio characteristics and other credit-related analytics as deemed appropriate. Management attempts to quantify qualitative reserves whenever possible. For the three months ended March 31, 2020, the allowance for credit losses increased primarily due to macroeconomic factors surrounding the COVID-19 pandemic. While there continues to be great uncertainty related to COVID-19 on our borrowers and communities, we have begun to recognize significant declines in employment and gross domestic product which are key indicators utilized in our forecasting for our allowance calculations. Based on the potential increased losses related to the economic impact of the COVID-19 pandemic, the bank has considered this loss experience may align with loss experience from the recessionary period from 2008-2011 and qualitative adjustments have been made accordingly. All classes of loans, including loans acquired with deteriorated credit quality, are generally placed on non-accrual status when scheduled principal or interest payments are past due for 90 days or more or when the borrower’s ability to repay becomes doubtful. For purchased loans, the determination is made at the time of acquisition as well as over the life of the loan. Uncollected accrued interest for each class of loans is reversed against income at the time a loan is placed on non-accrual. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. All classes of loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans are typically charged-off at 180 days past due, or earlier if deemed uncollectible. Exceptions to the non-accrual and charge-off policies are made when the loan is well secured and in the process of collection. The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 89 days still accruing as of March 31, 2020:
March 31, 2020 |  | Non-Accrual With No Allowance for Credit Loss |  | Non-Accrual |  | Loans Past Due Over 89 Days Still Accruing
Commercial and Industrial Loans |  | $ | 62 |  |  | $ | 7,370 |  |  | $ | 355 |
Commercial Real Estate Loans |  | 685 |  |  | 5,184 |  |  | — |
Agricultural Loans |  | 2,230 |  |  | 2,762 |  |  | — |
Leases |  | — |  |  | — |  |  | — |
Home Equity Loans |  | 241 |  |  | 300 |  |  | — |
Consumer Loans |  | 60 |  |  | 137 |  |  | — |
Credit Cards |  | 54 |  |  | 54 |  |  | — |
Residential Mortgage Loans |  | 2,194 |  |  | 2,292 |  |  | — |
Total |  | $ | 5,526 |  |  | $ | 18,099 |  |  | $ | 355 |
Interest income on non-accrual loans recognized during the three months ended March 31,2020 totaled $3. The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2020:
March 31, 2020 |  | Real Estate |  | Equipment |  | Accounts Receivable |  | Other |  | Total
Commercial and Industrial Loans |  | $ | 5,357 |  |  | $ | 1,028 |  |  | $ | 790 |  |  | $ | 993 |  |  | $ | 8,168 |
Commercial Real Estate Loans |  | 9,924 |  |  | — |  |  | — |  |  | 1,860 |  |  | 11,784 |
Agricultural Loans |  | 3,414 |  |  | — |  |  | — |  |  | 4 |  |  | 3,418 |
Leases |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Home Equity Loans |  | 401 |  |  | — |  |  | — |  |  | — |  |  | 401 |
Consumer Loans |  | 113 |  |  | — |  |  | — |  |  | — |  |  | 113 |
Credit Cards |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential Mortgage Loans |  | 825 |  |  | — |  |  | — |  |  | — |  |  | 825 |
Total |  | $ | 20,034 |  |  | $ | 1,028 |  |  | $ | 790 |  |  | $ | 2,857 |  |  | $ | 24,709 |
The following table presents the aging of the amortized cost basis in past due loans by class of loans as of March 31, 2020:
March 31, 2020 |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater Than 89 Days Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total
Commercial and Industrial Loans |  | $ | 1,936 |  |  | $ | 319 |  |  | $ | 5,189 |  |  | $ | 7,444 |  |  | $ | 502,503 |  |  | $ | 509,947 |
Commercial Real Estate Loans |  | 8,238 |  |  | 733 |  |  | 1,552 |  |  | 10,523 |  |  | 1,478,830 |  |  | 1,489,353 |
Agricultural Loans |  | 1,052 |  |  | 3,078 |  |  | — |  |  | 4,130 |  |  | 362,156 |  |  | 366,286 |
Leases |  | — |  |  | — |  |  | — |  |  | — |  |  | 55,833 |  |  | 55,833 |
Home Equity Loans |  | 753 |  |  | 76 |  |  | 300 |  |  | 1,129 |  |  | 223,177 |  |  | 224,306 |
Consumer Loans |  | 501 |  |  | 51 |  |  | 137 |  |  | 689 |  |  | 67,396 |  |  | 68,085 |
Credit Cards |  | 221 |  |  | 21 |  |  | 54 |  |  | 296 |  |  | 10,760 |  |  | 11,056 |
Residential Mortgage Loans |  | 4,153 |  |  | 1,066 |  |  | 2,055 |  |  | 7,274 |  |  | 286,276 |  |  | 293,550 |
Total |  | $ | 16,854 |  |  | $ | 5,344 |  |  | $ | 9,287 |  |  | $ | 31,485 |  |  | $ | 2,986,931 |  |  | $ | 3,018,416 |
Troubled Debt Restructurings: In certain instances, the Company may choose to restructure the contractual terms of loans. A troubled debt restructuring occurs when the Bank grants a concession to the borrower that it would not otherwise consider due to a borrower’s financial difficulty. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without modification. This evaluation is performed under the Company’s internal underwriting policy. The Company uses the same methodology for loans acquired with deteriorated credit quality as for all other loans when determining whether the loan is a troubled debt restructuring. As of March 31, 2020, the Company has troubled debt restructurings totaling $116. The Company has no specific allocation of allowance for these loans at March 31, 2020. The Company had no t committed to lending any additional amounts as of March 31, 2020 and December 31, 2019 to customers with outstanding loans that are classified as troubled debt restructurings. During the three months ended March 31, 2020 and 2019, the Company had no loans modified as troubled debt restructurings. Additionally, there were no loans modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the three months ended March 31, 2020 and 2019. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. Loan Modifications and Troubled Debt Restructurings due to COVID-19 On April 7, 2020, the federal banking regulators issued a revised Interagency Statement on Loan Modifications and Reporting for Financial Institutions, which, among other things, encouraged financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations because of the effects of COVID-19, and stated that institutions generally do not need to categorize COVID-19-related modifications as troubled debt restructurings and that the agencies will not direct supervised institutions to automatically categorize all COVID-19 related loan modifications as troubled debt restructurings. Accordingly, the Company is offering short-term modifications made in response to COVID-19 to borrowers who are current and otherwise not past due. The modifications completed in the three months ended March 31, 2020 were immaterial. 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 classifies loans as to credit risk by individually analyzing loans. This analysis includes commercial and industrial loans, commercial real estate loans, and agricultural loans with an outstanding balance greater than $250. This analysis is typically performed on at least an annual basis. 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 institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
|  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |
As of March 31, 2020 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total
Commercial and Industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 15,235 |  |  | $ | 112,334 |  |  | $ | 59,396 |  |  | $ | 45,247 |  |  | $ | 29,225 |  |  | $ | 63,965 |  |  | $ | 154,027 |  |  | $ | 479,429 |
Special Mention |  | 35 |  |  | 700 |  |  | 1,703 |  |  | 3,672 |  |  | 185 |  |  | 2,289 |  |  | 3,142 |  |  | 11,726 |
Substandard |  | 2,000 |  |  | — |  |  | 1,432 |  |  | 116 |  |  | 1,179 |  |  | 5,349 |  |  | 8,716 |  |  | 18,792 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Commercial & Industrial Loans |  | $ | 17,270 |  |  | $ | 113,034 |  |  | $ | 62,531 |  |  | $ | 49,035 |  |  | $ | 30,589 |  |  | $ | 71,603 |  |  | $ | 165,885 |  |  | $ | 509,947 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 89,889 |  |  | $ | 241,662 |  |  | $ | 226,151 |  |  | $ | 240,513 |  |  | $ | 225,879 |  |  | $ | 381,780 |  |  | $ | 34,775 |  |  | $ | 1,440,649 |
Special Mention |  | 211 |  |  | 2,848 |  |  | 4,240 |  |  | 4,902 |  |  | 2,116 |  |  | 17,266 |  |  | 1,354 |  |  | 32,937 |
Substandard |  | — |  |  | 404 |  |  | 2,462 |  |  | 2,226 |  |  | 1,370 |  |  | 9,305 |  |  | — |  |  | 15,767 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Commercial Real Estate Loans |  | $ | 90,100 |  |  | $ | 244,914 |  |  | $ | 232,853 |  |  | $ | 247,641 |  |  | $ | 229,365 |  |  | $ | 408,351 |  |  | $ | 36,129 |  |  | $ | 1,489,353 |
Agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 12,719 |  |  | $ | 33,293 |  |  | $ | 37,849 |  |  | $ | 40,857 |  |  | $ | 26,743 |  |  | $ | 79,061 |  |  | $ | 72,422 |  |  | $ | 302,944 |
Special Mention |  | 89 |  |  | 6,640 |  |  | 2,105 |  |  | 6,742 |  |  | 1,743 |  |  | 19,827 |  |  | 12,779 |  |  | 49,925 |
Substandard |  | — |  |  | 241 |  |  | 393 |  |  | 1,345 |  |  | 4,716 |  |  | 6,722 |  |  | — |  |  | 13,417 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Agricultural Loans |  | $ | 12,808 |  |  | $ | 40,174 |  |  | $ | 40,347 |  |  | $ | 48,944 |  |  | $ | 33,202 |  |  | $ | 105,610 |  |  | $ | 85,201 |  |  | $ | 366,286 |
Leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 4,116 |  |  | $ | 22,351 |  |  | $ | 11,993 |  |  | $ | 8,044 |  |  | $ | 3,706 |  |  | $ | 5,623 |  |  | $ | — |  |  | $ | 55,833 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Leases |  | $ | 4,116 |  |  | $ | 22,351 |  |  | $ | 11,993 |  |  | $ | 8,044 |  |  | $ | 3,706 |  |  | $ | 5,623 |  |  | $ | — |  |  | $ | 55,833 |
The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. For residential and consumer loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the amortized cost in residential, home equity and consumer loans based on payment activity.
|  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |
As of March 31, 2020 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Total
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 8,188 |  |  | $ | 34,295 |  |  | $ | 13,090 |  |  | $ | 4,485 |  |  | $ | 2,128 |  |  | $ | 3,329 |  |  | $ | 2,433 |  |  | $ | 67,948 |
Nonperforming |  | — |  |  | 24 |  |  | 13 |  |  | — |  |  | 3 |  |  | 66 |  |  | 31 |  |  | 137 |
Total Consumer Loans |  | $ | 8,188 |  |  | $ | 34,319 |  |  | $ | 13,103 |  |  | $ | 4,485 |  |  | $ | 2,131 |  |  | $ | 3,395 |  |  | $ | 2,464 |  |  | $ | 68,085 |
Home Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | — |  |  | $ | — |  |  | $ | 34 |  |  | $ | 111 |  |  | $ | 71 |  |  | $ | 353 |  |  | $ | 223,437 |  |  | $ | 224,006 |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 300 |  |  | 300 |
Total Home Equity Loans |  | $ | — |  |  | $ | — |  |  | $ | 34 |  |  | $ | 111 |  |  | $ | 71 |  |  | $ | 353 |  |  | $ | 223,737 |  |  | $ | 224,306 |
Residential Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 6,839 |  |  | $ | 31,939 |  |  | $ | 44,932 |  |  | $ | 41,010 |  |  | $ | 36,277 |  |  | $ | 130,261 |  |  | $ | — |  |  | $ | 291,258 |
Nonperforming |  | — |  |  | — |  |  | — |  |  | 72 |  |  | 215 |  |  | 2,005 |  |  | — |  |  | 2,292 |
Total Residential Mortgage Loans |  | $ | 6,839 |  |  | $ | 31,939 |  |  | $ | 44,932 |  |  | $ | 41,082 |  |  | $ | 36,492 |  |  | $ | 132,266 |  |  | $ | — |  |  | $ | 293,550 |
Credit cards are excluded from the presentation of credit quality indicator by aging status of the loan as allowed by ASC 326-20-50-6. The following table presents the amortized cost based on payment activity:
As of March 31, 2020 |  | Credit Card
Credit Card |  |
Performing |  | $ | 11,002 |
Nonperforming |  | 54 |
Total |  | $ | 11,056 |
The following table presents loans purchased and/or sold during the year by portfolio segment:
March 31, 2020 |  | Commercial and Industrial Loans |  | Commercial Real Estate Loans |  | Agricultural Loans |  | Leases |  | Consumer Loans |  | Home Equity Loans |  | Credit Cards |  | Residential Mortgage Loans |  | Total
Purchases |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Sales |  | — |  |  | 252 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 252 |
Allowance for Loan Losses Prior to the adoption of ASC 326 on January 1, 2020, the Company calculated the allowance for loan losses using the incurred loss methodology. The following tables are disclosures related to the allowance for loan losses in prior periods. The following table presents the activity in the allowance for loan losses by portfolio class for the three months ended March 31, 2019:
March 31, 2019 |  | Commercial and Industrial Loans and Leases |  | Commercial Real Estate Loans |  | Agricultural Loans |  | Home Equity Loans |  | Consumer Loans |  | Residential Mortgage Loans |  | Unallocated |  | Total
Beginning Balance |  | $ | 2,953 |  |  | $ | 5,291 |  |  | $ | 5,776 |  |  | $ | 229 |  |  | $ | 420 |  |  | $ | 472 |  |  | $ | 682 |  |  | $ | 15,823 |
Provision for Loan Losses |  | 347 |  |  | 565 |  |  | (323 | ) |  | (15 | ) |  | 209 |  |  | (32 | ) |  | (76 | ) |  | 675 |
Recoveries |  | 17 |  |  | 5 |  |  | — |  |  | — |  |  | 121 |  |  | 3 |  |  | — |  |  | 146 |
Loans Charged-off |  | — |  |  | (120 | ) |  | — |  |  | — |  |  | (267 | ) |  | (14 | ) |  | — |  |  | (401 | )
Ending Balance |  | $ | 3,317 |  |  | $ | 5,741 |  |  | $ | 5,453 |  |  | $ | 214 |  |  | $ | 483 |  |  | $ | 429 |  |  | $ | 606 |  |  | $ | 16,243 |
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class and based on impairment method as of December 31, 2019:
December 31, 2019 |  | Total |  | Commercial and Industrial Loans and Leases |  | Commercial Real Estate Loans |  | Agricultural Loans |  | Home Equity Loans |  | Consumer Loans |  | Residential Mortgage Loans |  | Unallocated
Allowance for Loan Losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Allowance Balance Attributable to Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually Evaluated for Impairment |  | $ | 2,971 |  |  | $ | 2,412 |  |  | $ | 559 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Collectively Evaluated for Impairment |  | 12,902 |  |  | 2,387 |  |  | 3,733 |  |  | 5,315 |  |  | 200 |  |  | 434 |  |  | 328 |  |  | 505 |
Acquired with Deteriorated Credit Quality |  | 405 |  |  | — |  |  | 400 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |
Total Ending Allowance Balance |  | $ | 16,278 |  |  | $ | 4,799 |  |  | $ | 4,692 |  |  | $ | 5,315 |  |  | $ | 200 |  |  | $ | 434 |  |  | $ | 333 |  |  | $ | 505 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans Individually Evaluated for Impairment |  | $ | 6,269 |  |  | $ | 4,707 |  |  | $ | 1,562 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | n/m(2) |
Loans Collectively Evaluated for Impairment |  | 3,076,835 |  |  | 585,328 |  |  | 1,491,090 |  |  | 387,710 |  |  | 226,406 |  |  | 81,429 |  |  | 304,872 |  |  | n/m(2) |
Loans Acquired with Deteriorated Credit Quality |  | 12,798 |  |  | 1,368 |  |  | 7,212 |  |  | 3,161 |  |  | 369 |  |  | — |  |  | 688 |  |  | n/m(2) |
Total Ending Loans Balance (1) |  | $ | 3,095,902 |  |  | $ | 591,403 |  |  | $ | 1,499,864 |  |  | $ | 390,871 |  |  | $ | 226,775 |  |  | $ | 81,429 |  |  | $ | 305,560 |  |  | n/m(2) |
(1) Total recorded investment in loans includes $13,929 in accrued interest. (2)n/m = not meaningful The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2019:
December 31, 2019 |  | Unpaid Principal Balance(1) |  | Recorded Investment |  | Allowance for Loan Losses Allocated
With No Related Allowance Recorded: |  |  |  |  |  |  |  |  |
Commercial and Industrial Loans and Leases |  | $ | 3,638 |  |  | $ | 524 |  |  | $ | — |
Commercial Real Estate Loans |  | 4,738 |  |  | 2,058 |  |  | — |
Agricultural Loans |  | 3,294 |  |  | 2,738 |  |  | — |
Subtotal |  | 11,670 |  |  | 5,320 |  |  | — |
With An Allowance Recorded: |  |  |  |  |  |  |  |  |
Commercial and Industrial Loans and Leases |  | 5,042 |  |  | 4,521 |  |  | 2,412 |
Commercial Real Estate Loans |  | 2,187 |  |  | 1,865 |  |  | 959 |
Agricultural Loans |  | — |  |  | — |  |  | — |
Subtotal |  | 7,229 |  |  | 6,386 |  |  | 3,371 |
Total |  | $ | 18,899 |  |  | $ | 11,706 |  |  | $ | 3,371 |
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above) |  | $ | 9,994 |  |  | $ | 4,624 |  |  | $ | — |
Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above) |  | $ | 1,134 |  |  | $ | 813 |  |  | $ | 400 |
(1) Unpaid Principal Balance is the remaining contractual payments gross of partial charge-offs and discounts. The following table presents the average balance and related interest income of loans individually evaluated for impairment by class of loans for the three month period ended March 31, 2019:
March 31, 2019 |  | Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Recognized
With No Related Allowance Recorded: |  |  |  |  |  |  |  |  |
Commercial and Industrial Loans and Leases |  | $ | 438 |  |  | $ | 2 |  |  | $ | 2 |
Commercial Real Estate Loans |  | 3,601 |  |  | 19 |  |  | 9 |
Agricultural Loans |  | 1,405 |  |  | — |  |  | — |
Subtotal |  | 5,444 |  |  | 21 |  |  | 11 |
With An Allowance Recorded: |  |  |  |  |  |  |  |  |
Commercial and Industrial Loans and Leases |  | 2,286 |  |  | — |  |  | — |
Commercial Real Estate Loans |  | 4,691 |  |  | — |  |  | — |
Agricultural Loans |  | — |  |  | — |  |  | — |
Subtotal |  | 6,977 |  |  | — |  |  | — |
Total |  | $ | 12,421 |  |  | $ | 21 |  |  | $ | 11 |
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above) |  | $ | 3,547 |  |  | $ | 8 |  |  | $ | — |
Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above) |  | $ | 762 |  |  | $ | — |  |  | $ | — |
The following table presents the recorded investment in non-accrual loans and loans past due 90 days or more still on accrual by class of loans as of December 31, 2019:
|  |  |  | Loans Past Due 90 Days or More
|  | Non-Accrual |  | & Still Accruing
|  | 2019 |  | 2019
Commercial and Industrial Loans and Leases |  | $ | 4,940 |  |  | $ | 190 |
Commercial Real Estate Loans |  | 3,433 |  |  | — |
Agricultural Loans |  | 2,739 |  |  | — |
Home Equity Loans |  | 79 |  |  | — |
Consumer Loans |  | 115 |  |  | — |
Residential Mortgage Loans |  | 2,496 |  |  | — |
Total |  | $ | 13,802 |  |  | $ | 190 |
Loans Acquired With Deteriorated Credit Quality (Included in the Total Above) |  | $ | 5,393 |  |  | $ | — |
Loans Acquired in Current Year (Included in the Total Above) |  | $ | 2,058 |  |  | $ | — |
The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2019:
December 31, 2019 |  | Total |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Loans Not Past Due
Commercial and Industrial Loans and Leases |  | $ | 591,403 |  |  | $ | 4,689 |  |  | $ | 83 |  |  | $ | 799 |  |  | $ | 5,571 |  |  | $ | 585,832 |
Commercial Real Estate Loans |  | 1,499,864 |  |  | 209 |  |  | 431 |  |  | 2,106 |  |  | 2,746 |  |  | 1,497,118 |
Agricultural Loans |  | 390,871 |  |  | 499 |  |  | — |  |  | 329 |  |  | 828 |  |  | 390,043 |
Home Equity Loans |  | 226,775 |  |  | 1,121 |  |  | 253 |  |  | 80 |  |  | 1,454 |  |  | 225,321 |
Consumer Loans |  | 81,429 |  |  | 347 |  |  | 156 |  |  | 89 |  |  | 592 |  |  | 80,837 |
Residential Mortgage Loans |  | 305,560 |  |  | 5,014 |  |  | 1,461 |  |  | 2,308 |  |  | 8,783 |  |  | 296,777 |
Total (1) |  | $ | 3,095,902 |  |  | $ | 11,879 |  |  | $ | 2,384 |  |  | $ | 5,711 |  |  | $ | 19,974 |  |  | $ | 3,075,928 |
Loans Acquired With Deteriorated Credit Quality (Included in the Total Above) |  | $ | 12,798 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 1,589 |  |  | $ | 1,607 |  |  | $ | 11,191 |
Loans Acquired in Current Year (Included in the Total Above) |  | $ | 321,464 |  |  | $ | 639 |  |  | $ | 1 |  |  | $ | 797 |  |  | $ | 1,437 |  |  | $ | 320,027 |
(1) Total recorded investment in loans includes $13,929 in accrued interest. The risk category of loans by class of loans at December 31, 2019 is as follows:
December 31, 2019 |  | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Total
Commercial and Industrial Loans and Leases |  | $ | 556,706 |  |  | $ | 19,671 |  |  | $ | 15,026 |  |  | $ | — |  |  | $ | 591,403 |
Commercial Real Estate Loans |  | 1,453,310 |  |  | 30,504 |  |  | 16,050 |  |  | — |  |  | 1,499,864 |
Agricultural Loans |  | 325,991 |  |  | 49,053 |  |  | 15,827 |  |  | — |  |  | 390,871 |
Total |  | $ | 2,336,007 |  |  | $ | 99,228 |  |  | $ | 46,903 |  |  | $ | — |  |  | $ | 2,482,138 |
Loans Acquired With Deteriorated Credit Quality (Included in the Total Above) |  | $ | 68 |  |  | $ | 613 |  |  | $ | 11,060 |  |  | $ | — |  |  | $ | 11,741 |
Loans Acquired in Current Year (Included in the Total Above) |  | $ | 254,629 |  |  | $ | 16,535 |  |  | $ | 12,769 |  |  | $ | — |  |  | $ | 283,933 |
The following table presents the recorded investment in home equity, consumer and residential mortgage loans based on payment activity as of December 31, 2019:
December 31, 2019 |  | Home Equity Loans |  | Consumer Loans |  | Residential Mortgage Loans
Performing |  | $ | 226,695 |  |  | $ | 81,314 |  |  | $ | 303,065 |
Nonperforming |  | 80 |  |  | 115 |  |  | 2,495 |
Total |  | $ | 226,775 |  |  | $ | 81,429 |  |  | $ | 305,560 |
The following table presents financing receivables purchased and/or sold during the year by portfolio segment:
December 31, 2019 |  | Commercial and Industrial Loans and Leases |  | Commercial Real Estate Loans |  | Total
Purchases |  | $ | 2,051 |  |  | $ | — |  |  | $ | 2,051 |
Sales |  | — |  |  | — |  |  | — |

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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