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Loans (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Loans Classifications
Loans were comprised of the following classifications at December 31: 
 20242023
Commercial:  
Commercial and Industrial Loans$591,785 $589,541 
Commercial Real Estate Loans2,224,872 2,121,835 
Agricultural Loans431,037 423,803 
Leases79,253 71,988 
Retail:
Home Equity Loans344,808 299,685 
Consumer Loans81,396 87,853 
Credit Cards22,668 20,351 
Residential Mortgage Loans357,448 362,844 
Subtotal4,133,267 3,977,900 
Less: Unearned Income(8,365)(6,818)
Allowance for Credit Losses(44,436)(43,765)
Loans, net$4,080,466 $3,927,317 
Schedule of Allowance for Credit Losses For Loans
The following tables present the activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2024, 2023 and 2022:
2024Commercial
and
Industrial
Loans
Commercial
Real Estate
Loans
Agricultural
Loans
LeasesConsumer
Loans
Home Equity LoansCredit CardsResidential
Mortgage
Loans
Total
Allowance for Credit Losses:
Beginning Balance$7,921 $25,923 $3,837 $346 $759 $1,834 $383 $2,762 $43,765 
Provision (Benefit) for Credit Losses(694)120 1,086 51 962 424 786 40 2,775 
Loans Charged-off(223)(308)(8) (1,511)(170)(681) (2,901)
Recoveries Collected55 83 2  517 108 32  797 
Total Ending Allowance Balance$7,059 $25,818 $4,917 $397 $727 $2,196 $520 $2,802 $44,436 

2023Commercial
and
Industrial
Loans
Commercial
Real Estate
Loans
Agricultural
Loans
LeasesConsumer
Loans
Home Equity LoansCredit CardsResidential
Mortgage
Loans
Total
Allowance for Credit Losses:       
Beginning Balance$13,749 $21,598 $4,188 $209 $595 $1,344 $257 $2,228 $44,168 
Provision (Benefit) for Credit Losses(4,190)4,305 (324)137 919 551 563 589 2,550 
Loans Charged-off(1,792)(56)(27)— (1,309)(94)(455)(58)(3,791)
Recoveries Collected154 76 — — 554 33 18 838 
Total Ending Allowance Balance$7,921 $25,923 $3,837 $346 $759 $1,834 $383 $2,762 $43,765 

2022Commercial
and
Industrial
Loans
Commercial
Real Estate
Loans
Agricultural
Loans
LeasesConsumer
Loans
Home Equity LoansCredit CardsResidential
Mortgage
Loans
Total
Allowance for Credit Losses:
Beginning Balance$9,554 $19,245 $4,505 $200 $507 $1,061 $240 $1,705 $37,017 
Acquisition of Citizens Union Bank of Shelbyville, KY - PCD Loans376 1,945 689 — — — 105 3,117 
Provision (Benefit) for Credit Losses4,942 463 (1,006)991 351 163 437 6,350 
Loans Charged-off(1,149)(79)— — (1,364)(69)(165)(24)(2,850)
Recoveries Collected26 24 — — 459 19 534 
Total Ending Allowance Balance$13,749 $21,598 $4,188 $209 $595 $1,344 $257 $2,228 $44,168 
Schedule of Non-accrual and Loans Past Due Over 89 Days Still Accruing
The following tables present the amortized cost basis of loans on non-accrual status and loans past due over 89 days still accruing as of December 31, 2024 and 2023:

December 31, 2024Non-Accrual With No Allowance for Credit Loss ⁽¹⁾Non-AccrualLoans Past Due Over 89 Days Still Accruing
Commercial and Industrial Loans$1,346 $5,018 $ 
Commercial Real Estate Loans1,268 1,745 183 
Agricultural Loans655 765 5 
Leases   
Home Equity Loans1,087 1,087  
Consumer Loans63 63  
Credit Cards54 54  
Residential Mortgage Loans1,977 2,202  
Total$6,450 $10,934 $188 
(1) Includes non-accrual loans with no allowance for credit loss and are also included in Non-Accrual loans totaling $10,934.
December 31, 2023Non-Accrual With No Allowance for Credit Loss ⁽¹⁾Non-AccrualLoans Past Due Over 89 Days Still Accruing
Commercial and Industrial Loans$1,864 $3,707 $— 
Commercial Real Estate Loans942 1,889 55 
Agricultural Loans665 879 — 
Leases— — — 
Home Equity Loans1,033 1,033 — 
Consumer Loans111 111 — 
Credit Cards142 142 — 
Residential Mortgage Loans1,125 1,375 — 
Total$5,882 $9,136 $55 
(1) Includes non-accrual loans with no allowance for credit loss and are also included in Non-Accrual loans totaling $9,136
Schedule of Collateral-dependent Loans
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2024 and 2023:

December 31, 2024Real EstateEquipmentAccounts ReceivableOtherTotal
Commercial and Industrial Loans$5,986 $90 $ $58 $6,134 
Commercial Real Estate Loans7,293    7,293 
Agricultural Loans2,777 263   3,040 
Leases     
Home Equity Loans423    423 
Consumer Loans10    10 
Credit Cards     
Residential Mortgage Loans523    523 
Total$17,012 $353 $ $58 $17,423 

December 31, 2023Real EstateEquipmentAccounts ReceivableOtherTotal
Commercial and Industrial Loans$3,668 $49 $— $1,888 $5,605 
Commercial Real Estate Loans8,553 — — — 8,553 
Agricultural Loans3,338 1,055 — — 4,393 
Leases— — — — — 
Home Equity Loans420 — — — 420 
Consumer Loans— — — 
Credit Cards— — — — — 
Residential Mortgage Loans753 — — — 753 
Total$16,741 $1,104 $— $1,888 $19,733 
Schedule of Aging of Past Due Loans
The following tables present the aging of the amortized cost basis in past due loans by class of loans as of December 31, 2024 and 2023:

December 31, 202430-59 Days
Past Due
60-89 Days
Past Due
Greater Than 89 Days Past DueTotal
Past Due
Loans Not
Past Due
Total
Commercial and Industrial Loans$531 $36 $4,395 $4,962 $586,823 $591,785 
Commercial Real Estate Loans546 673 1,368 2,587 2,222,285 2,224,872 
Agricultural Loans241  428 669 430,368 431,037 
Leases    79,253 79,253 
Home Equity Loans1,515 544 1,087 3,146 341,662 344,808 
Consumer Loans185 194 63 442 80,954 81,396 
Credit Cards398 98 54 550 22,118 22,668 
Residential Mortgage Loans5,744 3,644 2,035 11,423 346,025 357,448 
Total$9,160 $5,189 $9,430 $23,779 $4,109,488 $4,133,267 
December 31, 202330-59 Days
Past Due
60-89 Days
Past Due
Greater Than 89 Days Past DueTotal
Past Due
Loans Not
Past Due
Total
      
Commercial and Industrial Loans$832 $257 $3,299 $4,388 $585,153 $589,541 
Commercial Real Estate Loans1,215 484 938 2,637 2,119,198 2,121,835 
Agricultural Loans248 497 750 423,053 423,803 
Leases— — — — 71,988 71,988 
Home Equity Loans1,016 571 1,033 2,620 297,065 299,685 
Consumer Loans658 84 110 852 87,001 87,853 
Credit Cards165 87 142 394 19,957 20,351 
Residential Mortgage Loans7,362 1,647 1,215 10,224 352,620 362,844 
Total$11,253 $3,378 $7,234 $21,865 $3,956,035 $3,977,900 
Schedule of Risk Category of Loans
The following table presents the risk category of loans and current period gross charge-offs as of December 31, 2024 by loan class and vintage year:

Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202420242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
Commercial and Industrial:
Risk Rating
Pass$118,037 $86,412 $93,406 $64,298 $17,140 $49,181 $143,096 $571,570 
Special Mention147 1,709 787 1,061 1,202 2,044 1,023 7,973 
Substandard108 627 181 3,164 908 3,619 3,635 12,242 
Doubtful — — — — — — — 
Total Commercial and Industrial Loans$118,292 $88,748 $94,374 $68,523 $19,250 $54,844 $147,754 $591,785 
Current Period Gross Charge-Offs$ $$96 $64 $— $13 $46 $223 
Commercial Real Estate:
Risk Rating
Pass$327,488 $315,981 $410,135 $394,698 $187,849 $502,263 $39,271 $2,177,685 
Special Mention433 13,433 1,740 5,395 1,975 12,349 200 35,525 
Substandard 181 566 5,155 — 5,760 — 11,662 
Doubtful — — — — — — — 
Total Commercial Real Estate Loans$327,921 $329,595 $412,441 $405,248 $189,824 $520,372 $39,471 $2,224,872 
Current Period Gross Charge-Offs$ $— $— $— $— $308 $— $308 
Agricultural:
Risk Rating
Pass$47,179 $35,379 $48,105 $33,666 $35,726 $103,702 $102,251 $406,008 
Special Mention547 1,426 146 822 5,075 10,676 2,065 20,757 
Substandard175 — — — — 4,097 — 4,272 
Doubtful — — — — — — — 
Total Agricultural Loans$47,901 $36,805 $48,251 $34,488 $40,801 $118,475 $104,316 $431,037 
Current Period Gross Charge-Offs$ $— $— $— $— $$— $
Leases:
Risk Rating
Pass$32,214 $26,392 $8,272 $6,578 $2,128 $3,669 $— $79,253 
Special Mention — — — — — — — 
Substandard — — — — — — — 
Doubtful — — — — — — — 
Total Leases$32,214 $26,392 $8,272 $6,578 $2,128 $3,669 $— $79,253 
Current Period Gross Charge-Offs$ $— $— $— $— $— $— $— 
As of December 31, 2023, the risk category of loans by class of loans is as follows:

Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202320232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial and Industrial:
Risk Rating
Pass$112,626 $134,590 $80,738 $28,492 $32,585 $45,764 $134,936 $569,731 
Special Mention47 453 128 829 — 1,948 3,048 6,453 
Substandard— 294 5,689 780 1,696 1,471 3,427 13,357 
Doubtful— — — — — — — — 
Total Commercial and Industrial Loans$112,673 $135,337 $86,555 $30,101 $34,281 $49,183 $141,411 $589,541 
Current Period Gross Charge-Offs$— $911 $32 $493 $$88 $261 $1,792 
Commercial Real Estate:
Risk Rating
Pass$300,569 $416,874 $470,917 $225,668 $147,431 $458,821 $41,102 $2,061,382 
Special Mention13,906 2,401 11,155 1,651 259 19,532 638 49,542 
Substandard— 617 5,510 1,142 729 2,737 176 10,911 
Doubtful— — — — — — — — 
Total Commercial Real Estate Loans$314,475 $419,892 $487,582 $228,461 $148,419 $481,090 $41,916 $2,121,835 
Current Period Gross Charge-Offs$— $— $56 $— $— $— $— $56 
Agricultural:
Risk Rating
Pass$44,948 $56,291 $39,852 $42,279 $23,217 $100,391 $89,455 $396,433 
Special Mention1,495 164 903 5,047 2,338 9,894 2,259 22,100 
Substandard— — 199 188 200 4,683 — 5,270 
Doubtful— — — — — — — — 
Total Agricultural Loans$46,443 $56,455 $40,954 $47,514 $25,755 $114,968 $91,714 $423,803 
Current Period Gross Charge-Offs$— $— $— $$— $— $25 $27 
Leases:
Risk Rating
Pass$36,848 $12,281 $10,634 $6,086 $4,788 $1,351 $— $71,988 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total Leases$36,848 $12,281 $10,634 $6,086 $4,788 $1,351 $— $71,988 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
Schedule of Residential, Home Equity and Consumer Loans Based on Payment Activity The following table presents the amortized cost in residential, home equity and consumer loans based on payment activity as well as the current period gross charge-offs for the periods ended December 31, 2024 and 2023.
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202420242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
Consumer:
Payment performance
Performing$40,504 $20,828 $9,359 $5,469 $1,181 $1,542 $2,450 $81,333 
Nonperforming26 13 15 — — 63 
Total Consumer Loans$40,530 $20,829 $9,372 $5,484 $1,181 $1,550 $2,450 $81,396 
Current Period Gross Charge-Offs$1,212 $181 $72 $40 $— $$$1,511 
Home Equity:
Payment performance
Performing$172 $161 $3,721 $773 $478 $3,532 $334,884 $343,721 
Nonperforming 128 277 24 25 604 29 1,087 
Total Home Equity Loans$172 $289 $3,998 $797 $503 $4,136 $334,913 $344,808 
Current Period Gross Charge-Offs$ $— $62 $99 $— $— $$170 
Residential Mortgage:
Payment performance
Performing$48,957 $51,059 $57,988 $73,239 $35,370 $88,633 $— $355,246 
Nonperforming 214 229 669 234 856 — 2,202 
Total Residential Mortgage Loans$48,957 $51,273 $58,217 $73,908 $35,604 $89,489 $— $357,448 
Current Period Gross Charge-Offs$ $— $— $— $— $— $— $— 
The following table presents the amortized cost in residential, home equity and consumer loans based on payment activity for the period ended December 31, 2023.
Term Loans Amortized Cost Basis by Origination Year
As of December 31, 202320232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Consumer:
Payment performance
Performing$49,208 $21,459 $9,708 $2,756 $917 $1,911 $1,783 $87,742 
Nonperforming74 21 12 — — 111 
Total Consumer Loans$49,282 $21,480 $9,720 $2,756 $917 $1,912 $1,786 $87,853 
Current Period Gross Charge-Offs$1,162 $42 $23 $71 $$$$1,309 
Home Equity:
Payment performance
Performing$— $170 $236 $90 $165 $1,207 $296,784 $298,652 
Nonperforming— 247 252 60 — 102 372 1,033 
Total Home Equity Loans$— $417 $488 $150 $165 $1,309 $297,156 $299,685 
Current Period Gross Charge-Offs$— $— $— $55 $— $24 $15 $94 
Residential Mortgage:
Payment performance
Performing$56,306 $65,301 $85,753 $41,352 $17,831 $94,926 $— $361,469 
Nonperforming11 60 417 287 109 491 — 1,375 
Total Residential Mortgage Loans$56,317 $65,361 $86,170 $41,639 $17,940 $95,417 $— $362,844 
Current Period Gross Charge-Offs$ $— $22 $36 $— $— $— $58 
Schedule of Retail Loans Based on Payment Activity The following table presents the recorded investment in retail loans based on payment activity:
Credit CardsDecember 31, 2024December 31, 2023
Performing$22,614 $20,209 
Nonperforming54 142 
Total$22,668 $20,351 
Schedule of Loans Purchased and/or Sold During the Year
The following table presents loans purchased and/or sold during the year by portfolio segment:
Commercial and Industrial LoansCommercial Real Estate LoansAgricultural LoansLeasesConsumer LoansHome Equity LoansCredit CardsResidential Mortgage LoansTotal
December 31, 2024
Purchases$ $ $ $ $ $ $ $ $ 
Sales         
December 31, 2023
Purchases$— $1,502 $— $— $— $— $— $— $1,502 
Sales— — — — — — — — — 
Schedule of Loans to Directors, Executive Officers and Principal Shareholders
Certain directors, executive officers, and principal shareholders of the Company, including their immediate families and companies in which they are principal owners, were loan customers of the Company during 2024. A summary of the activity of these loans follows:
Balance
January 1,
2024
AdditionsChanges in Persons or Interests IncludedDeductionsBalance
December 31,
2024
CollectedCharged-off
$39,822 $5,060 $(3,505)$(6,181)$ $35,196