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Loans and Leases
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Loans and Leases Loans and Leases
Loans and Leases at March 31, 2024 and December 31, 2023 were as follows:
(In thousands)03/31/202412/31/2023
Commercial and industrial
Agriculture$98,984 $101,211 
Commercial and industrial other727,552 721,890 
PPP loans301 404 
Subtotal commercial and industrial826,837 823,505 
Commercial real estate
Construction317,092 303,406 
Agriculture212,374 221,670 
Commercial real estate other2,616,918 2,587,591 
Subtotal commercial real estate3,146,384 3,112,667 
Residential real estate
Home equity187,940 188,316 
Mortgages1,371,153 1,373,275 
Subtotal residential real estate1,559,093 1,561,591 
Consumer and other
Indirect621 841 
Consumer and other97,899 96,942 
Subtotal consumer and other98,520 97,783 
Leases14,525 15,383 
Total loans and leases5,645,359 5,610,929 
Less: unearned income and deferred costs and fees(4,835)(4,994)
Total loans and leases, net of unearned income and deferred costs and fees$5,640,524 $5,605,935 

The Company has adopted comprehensive lending policies, underwriting standards and loan review procedures. Management reviews these policies and procedures on a regular basis. The Company discussed its lending policies and underwriting guidelines for its various lending portfolios in Note 3 – "Loans and Leases" in the Notes to Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. There have been no significant changes in these policies and guidelines since the date of that report. The Company’s Board of Directors approves the lending policies at least annually. The Company recognizes that exceptions to policy guidelines may occasionally occur and has established procedures for approving exceptions to these policy guidelines. Management has also implemented reporting systems to monitor loan origination, loan quality, concentrations of credit, loan delinquencies and nonperforming loans and potential problem loans.
 
Loans are considered past due if the required principal and interest payments have not been received as of the date such payments are due. Generally loans are placed on nonaccrual status if principal or interest payments become 90 days or more contractually past due and/or management deems the collectability of the principal and/or interest to be in question as well as when required by regulatory agencies. When interest accrual is discontinued, all unpaid accrued interest is reversed. Payments received on loans on nonaccrual are generally applied to reduce the principal balance of the loan. Loans are generally returned
to accrual status when all the principal and interest amounts contractually due are brought current, the borrower has established a payment history, and future payments are reasonably assured. When management determines that the collection of principal in full is not probable, management will charge-off a partial amount or full amount of the loan balance. Management considers specific facts and circumstances relative to each individual credit in making such a determination. For residential and consumer loans, management uses specific regulatory guidance and thresholds for determining charge-offs.

The below tables are an age analysis of past due loans, segregated by class of loans as of March 31, 2024 and December 31, 2023:
March 31, 2024
(In thousands)30-59 Days60-89 Days90 Days or MoreTotal Past DueCurrent LoansTotal Loans
Loans and Leases
Commercial and industrial
Agriculture$0 $0 $0 $0 $98,984 $98,984
Commercial and industrial other1,612 18 3,028 4,658 722,894 727,552 
PPP loans0 0 0 0 301 301 
Subtotal commercial and industrial1,612 18 3,028 4,658 822,179 826,837 
Commercial real estate
Construction502 0 0 502 316,590 317,092
Agriculture151 0 0 151 212,223 212,374
Commercial real estate other2,029 209 42,620 44,858 2,572,060 2,616,918
Subtotal commercial real estate2,682 209 42,620 45,511 3,100,873 3,146,384 
Residential real estate
Home equity667 31 1,981 2,679 185,261 187,940
Mortgages2,103 246 6,270 8,619 1,362,534 1,371,153
Subtotal residential real estate2,770 277 8,251 11,298 1,547,795 1,559,093 
Consumer and other
Indirect12 0 7 19 602 621
Consumer and other240 195 339 774 97,125 97,899
Subtotal consumer and other252 195 346 793 97,727 98,520 
Leases0 0 0 0 14,525 14,525 
Total loans and leases7,316 699 54,245 62,260 5,583,099 5,645,359 
Less: unearned income and deferred costs and fees0 0 0 0 (4,835)(4,835)
Total loans and leases, net of unearned income and deferred costs and fees$7,316 $699 $54,245 $62,260 $5,578,264 $5,640,524 
 
December 31, 2023
(In thousands)30-59 Days60-89 Days90 Days or MoreTotal Past DueCurrent LoansTotal Loans
Loans and Leases
Commercial and industrial
Agriculture$0 $0 $0 $0 $101,211 $101,211 
Commercial and industrial other389 887 2,124 3,400 718,490 721,890 
PPP loans0 0 0 0 404 404 
Subtotal commercial and industrial389 887 2,124 3,400 820,105 823,505 
Commercial real estate
Construction0 0 0 0 303,406 303,406 
Agriculture61 0 0 61 221,609 221,670 
Commercial real estate other290 0 25,056 25,346 2,562,245 2,587,591 
Subtotal commercial real estate351 0 25,056 25,407 3,087,260 3,112,667 
Residential real estate
Home equity466 211 1,968 2,645 185,671 188,316 
Mortgages1,353 111 6,916 8,380 1,364,895 1,373,275 
Subtotal residential real estate1,819 322 8,884 11,025 1,550,566 1,561,591 
Consumer and other
Indirect7 11 11 29 812 841 
Consumer and other302 122 270 694 96,248 96,942 
Subtotal consumer and other309 133 281 723 97,060 97,783 
Leases0 0 0 0 15,383 15,383 
Total loans and leases2,868 1,342 36,345 40,555 5,570,374 5,610,929 
Less: unearned income and deferred costs and fees0 0 0 0 (4,994)(4,994)
Total loans and leases, net of unearned income and deferred costs and fees$2,868 $1,342 $36,345 $40,555 $5,565,380 $5,605,935 
 
The following tables present the amortized cost basis of loans on nonaccrual status and the amortized cost basis of loans on nonaccrual status for which there was no related allowance for credit losses. The below tables are an age analysis of nonaccrual loans segregated by class of loans, as of March 31, 2024 and December 31, 2023:

March 31, 2024
(In thousands)Nonaccrual Loans and Leases with no ACLNonaccrual Loans and LeasesLoans and Leases Past Due Over 89 Days and Accruing
Loans and Leases
Commercial and industrial
Commercial and industrial other$400 $4,267 $0 
Subtotal commercial and industrial400 4,267 0 
Commercial real estate
Agriculture0 142 0 
Commercial real estate other41,505 43,093 0 
Subtotal commercial real estate41,505 43,235 0 
Residential real estate
Home equity0 3,474 0 
Mortgages0 11,255 0 
Subtotal residential real estate0 14,729 0 
Consumer and other
Indirect0 33 0 
Consumer and other0 280 151 
Subtotal consumer and other0 313 151 
Total loans and leases$41,905 $62,544 $151 

December 31, 2023
(In thousands)Nonaccrual Loans and Leases with no ACLNonaccrual Loans and LeasesLoans and Leases Past Due Over 89 Days and Accruing
Loans and Leases
Commercial and industrial
Agriculture$0 $20 $0 
Commercial and industrial other0 2,253 0 
Subtotal commercial and industrial0 2,273 0 
Commercial real estate
Agriculture0 170 0 
Commercial real estate other42,038 44,280 0 
Subtotal commercial real estate42,038 44,450 0 
Residential real estate
Home equity0 3,230 0 
Mortgages0 11,942 0 
Subtotal residential real estate0 15,172 0 
Consumer and other
Indirect0 40 0 
Consumer and other0 230 101 
Subtotal consumer and other0 270 101 
Total loans and leases$42,038 $62,165 $101 
The Company recognized $0 of interest income on nonaccrual loans during the three months ended March 31, 2024.