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Loans (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Loans Classifications
Loans were comprised of the following classifications:
 March 31,
2025		December 31,
2024
Commercial:
Commercial and Industrial Loans$732,328 $591,785 
Commercial Real Estate Loans3,055,074 2,224,872 
Agricultural Loans455,678 431,037 
Leases79,745 79,253 
Retail:
Home Equity Loans406,280 344,808 
Consumer Loans110,174 81,396 
Credit Cards27,443 22,668 
Residential Mortgage Loans788,222 357,448 
Subtotal5,654,944 4,133,267 
Less: Unearned Income(8,418)(8,365)
Allowance for Credit Losses(75,158)(44,436)
Loans, Net$5,571,368 $4,080,466 
Schedule of Business Combination, Acquired Receivables
As further described in Note 16, during 2025 the Company acquired loans at fair value as part of a business combination. The table below summarizes the loans acquired on February 1, 2025.
Acquired Loan BalanceFair Value DiscountFair Value
Bank Acquisition$1,569,631 $(65,658)$1,503,973 
The table below summarizes the remaining carrying amount of acquired loans included in the March 31, 2025 table above.
Commercial and Industrial LoansCommercial Real Estate LoansAgricultural LoansLeasesConsumer LoansHome Equity LoansCredit CardsResidential Mortgage LoansTotal
Loan Balance$150,597 $783,421 $47,038 $— $30,325 $59,694 $— $436,676 $1,507,751 
Fair Value (Discount)/Premium(3,631)(19,555)(1,484)— (510)(1,062)— (35,552)(61,794)
The Company has purchased loans for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of these loans is as follows:

2025
Purchase Price of Loans at Acquisition$94,387 
Allowance for Credit Losses at Acquisition15,908 
Non-Credit Discount/(Premium) at Acquisition6,449 
Total$116,744 
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 three months ended March 31, 2025 and 2024:
March 31, 2025Commercial and Industrial
Loans		Commercial Real Estate LoansAgricultural
Loans		LeasesConsumer LoansHome Equity LoansCredit CardsResidential Mortgage LoansTotal
Allowance for Credit Losses:
Beginning Balance$7,059 $25,818 $4,917 $397 $727 $2,196 $520 $2,802 $44,436 
Change in Accounting Method1,438 (3,428)(2,860)720 (284)956 (4)1,788 (1,674)
2/1/2025 Acquired Heartland PCD5,246 7,080 3,352 — 20 11 — 199 15,908 
Day 2 CECL Provision - Heartland1,797 7,522 170 — 179 570 — 5,962 16,200 
Provision (Benefit) for Credit Loss Expense(75)819 (273)34 227 208 245 (411)774 
Loans Charged-off(126)— — — (325)— (174)— (625)
Recoveries Collected4 — — — 113 1 21 — 139 
Total Ending Allowance Balance$15,343 $37,811 $5,306 $1,151 $657 $3,942 $608 $10,340 $75,158 
March 31, 2024Commercial and Industrial
Loans		Commercial Real Estate LoansAgricultural
Loans		LeasesConsumer LoansHome Equity LoansCredit CardsResidential Mortgage LoansTotal
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 Loss Expense(556)833 (187)27 269 294 150 70 900 
Loans Charged-off(102)(308)— — (368)(134)(149)— (1,061)
Recoveries Collected3 4 — — 125 7 11 — 150 
Total Ending Allowance Balance$7,266 $26,452 $3,650 $373 $785 $2,001 $395 $2,832 $43,754 
Schedule of Non-Accrual and Past Due Loans
The following tables present the amortized cost in non-accrual loans and loans past due over 89 days still accruing by class of loans as of March 31, 2025 and December 31, 2024:
March 31, 2025
Non-Accrual With No Allowance for Credit Loss (1)
Total Non-AccrualLoans Past Due Over 89 Days Still Accruing
Commercial and Industrial Loans$1,301 $6,834 $63 
Commercial Real Estate Loans1,386 4,498 62 
Agricultural Loans139 488 399 
Leases— — — 
Home Equity Loans891 989 106 
Consumer Loans30 33 — 
Credit Cards290 290 — 
Residential Mortgage Loans3,476 4,726 84 
Total$7,513 $17,858 $714 
(1) Includes non-accrual loans with no allowance for credit loss and are also included in Total Non-Accrual loans of $17,858.
December 31, 2024
Non-Accrual With No Allowance for Credit Loss (1)
Total 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 Total Non-Accrual loans of $10,934.
Schedule or Collateral-dependent Loans by Class
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2025 and December 31, 2024:
March 31, 2025Real EstateEquipmentAccounts ReceivableOtherTotal
Commercial and Industrial Loans$11,726 $6,076 $— $6,407 $24,209 
Commercial Real Estate Loans38,193 — — — 38,193 
Agricultural Loans2,654 665 — 4,853 8,172 
Leases— — — — — 
Home Equity Loans528 — — — 528 
Consumer Loans10 12 — — 22 
Credit Cards— — — — — 
Residential Mortgage Loans2,229 — — — 2,229 
Total$55,340 $6,753 $— $11,260 $73,353 
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 
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 March 31, 2025 and December 31, 2024:
March 31, 202530-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal
Past Due		Loans Not Past DueTotal
Commercial and Industrial Loans$858 $1,051 $5,389 $7,298 $725,030 $732,328 
Commercial Real Estate Loans3,975 531 4,537 9,043 3,046,031 3,055,074 
Agricultural Loans— — 786 786 454,892 455,678 
Leases— — — — 79,745 79,745 
Home Equity Loans2,426 166 1,095 3,687 402,593 406,280 
Consumer Loans841 8 32 881 109,293 110,174 
Credit Cards90 66 290 446 26,997 27,443 
Residential Mortgage Loans10,953 110 4,290 15,353 772,869 788,222 
Total$19,143 $1,932 $16,419 $37,494 $5,617,450 $5,654,944 
December 31, 202430-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal
Past Due		Loans Not Past DueTotal
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 
Schedule of Risk Category of Loans
Based on the analysis performed at March 31, 2025 and December 31, 2024, the risk category of loans by class of loans is as follows:
Term Loans Amortized Cost Basis by Origination Year
As of March 31, 202520252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Commercial and Industrial:
Risk Rating
Pass$36,196 $127,594 $84,533 $103,045 $69,351 $60,733 $209,007 $690,459 
Special Mention217 620 1,718 536 1,179 3,298 3,473 11,041 
Substandard— 466 3,932 1,264 4,710 10,852 9,604 30,828 
Doubtful— — — — — — — — 
Total Commercial & Industrial Loans$36,413 $128,680 $90,183 $104,845 $75,240 $74,883 $222,084 $732,328 
Current Period Gross Charge-Offs$— $99 $— $27 $— $— $— $126 
Commercial Real Estate:
Risk Rating
Pass$100,815 $421,013 $429,313 $569,166 $484,724 $887,938 $52,412 $2,945,381 
Special Mention95 1,721 13,363 9,729 14,726 26,933 62 66,629 
Substandard86 — 702 3,071 6,804 31,993 408 43,064 
Doubtful— — — — — — — — 
Total Commercial Real Estate Loans$100,996 $422,734 $443,378 $581,966 $506,254 $946,864 $52,882 $3,055,074 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
Agricultural:
Risk Rating
Pass$13,885 $42,579 $38,669 $52,128 $36,885 $145,867 $93,837 $423,850 
Special Mention— 806 1,576 509 652 15,318 3,576 22,437 
Substandard— 421 — 4,805 362 3,640 163 9,391 
Doubtful— — — — — — — — 
Total Agricultural Loans$13,885 $43,806 $40,245 $57,442 $37,899 $164,825 $97,576 $455,678 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
Leases:
Risk Rating
Pass$7,408 $30,083 $24,567 $7,279 $5,183 $5,225 $— $79,745 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total Leases$7,408 $30,083 $24,567 $7,279 $5,183 $5,225 $— $79,745 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
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 & Industrial Loans$118,292 $88,748 $94,374 $68,523 $19,250 $54,844 $147,754 $591,785 
Current Period Gross Charge-Offs$— $4 $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 $431,037 
Current Period Gross Charge-Offs$— $— $— $— $— $8 $— $8 
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 $— $79,253 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
Schedule of Residential, Home Equity and Consumer Loans Based on Payment Activity The following tables present 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, 202520252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Consumer:
Payment performance
Performing$10,286 $54,181 $21,670 $10,941 $6,011 $3,772 $3,280 $110,141 
Nonperforming— 3 9 18 — 1 2 33 
Total Consumer Loans$10,286 $54,184 $21,679 $10,959 $6,011 $3,773 $3,282 $110,174 
Current Period Gross Charge-Offs$261 $15 $23 $11 $15 $— $— $325 
Home Equity:
Payment performance
Performing$— $489 $728 $4,022 $789 $4,537 $394,726 $405,291 
Nonperforming— — 128 401 42 418 — 989 
Total Home Equity Loans$— $489 $856 $4,423 $831 $4,955 $394,726 $406,280 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
Residential Mortgage:
Payment performance
Performing$15,575 $86,517 $111,678 $205,593 $155,912 $208,221 $— $783,496 
Nonperforming— 83 295 1,354 1,256 1,738 — 4,726 
Total Residential Mortgage Loans$15,575 $86,600 $111,973 $206,947 $157,168 $209,959 $— $788,222 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
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 1 13 15 — 8 — 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 $— $2 $4 $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 $— $— $9 $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 $— $357,448 
Current Period Gross Charge-Offs$— $— $— $— $— $— $— $— 
Schedule of Recorded Investment in Credit Cards Based on Payment Activity The following table presents the recorded investment in credit cards based on payment activity:
Credit CardsMarch 31, 2025December 31, 2024
   Performing$27,153 $22,614 
   Nonperforming290 54 
      Total$27,443 $22,668