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Loans and Leases
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Loans and Leases Loans and Leases
Loans and leases at June 30, 2025 and December 31, 2024 were as follows:
(In thousands)06/30/202512/31/2024
Commercial and industrial
Agriculture$97,133 $110,007 
Commercial and industrial other909,954 855,568 
Subtotal commercial and industrial1,007,087 965,575 
Commercial real estate
Construction345,416 385,931 
Agriculture225,418 217,582 
Commercial real estate other2,929,747 2,776,304 
Subtotal commercial real estate3,500,581 3,379,817 
Residential real estate
Home equity213,579 204,194 
Mortgages1,356,987 1,366,646 
Subtotal residential real estate1,570,566 1,570,840 
Consumer and other
Indirect113 229 
Consumer and other87,723 96,163 
Subtotal consumer and other87,836 96,392 
Leases11,001 12,484 
Total loans and leases6,177,071 6,025,108 
Less: unearned income and deferred costs and fees(4,417)(5,186)
Total loans and leases, net of unearned income and deferred costs and fees$6,172,654 $6,019,922 
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, 2024. There have been no significant changes in these policies and guidelines since the date of that report. As such, these policies are reflective of new originations as well as those balances held at December 31, 2024. 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 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 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 June 30, 2025 and December 31, 2024:
June 30, 2025
(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 $97,133 $97,133
Commercial and industrial other181 971 2,202 3,354 906,600 909,954 
Subtotal commercial and industrial181 971 2,202 3,354 1,003,733 1,007,087 
Commercial real estate
Construction0 0 17,302 17,302 328,114 345,416
Agriculture38 0 0 38 225,380 225,418
Commercial real estate other1,567 767 12,454 14,788 2,914,959 2,929,747
Subtotal commercial real estate1,605 767 29,756 32,128 3,468,453 3,500,581 
Residential real estate
Home equity358 30 2,328 2,716 210,863 213,579
Mortgages0 1,256 9,956 11,212 1,345,775 1,356,987
Subtotal residential real estate358 1,286 12,284 13,928 1,556,638 1,570,566 
Consumer and other
Indirect1 0 3 4 109 113
Consumer and other337 351 179 867 86,856 87,723
Subtotal consumer and other338 351 182 871 86,965 87,836 
Leases0 0 0 0 11,001 11,001 
Total loans and leases2,482 3,375 44,424 50,281 6,126,790 6,177,071 
Less: unearned income and deferred costs and fees0 0 0 0 (4,417)(4,417)
Total loans and leases, net of unearned income and deferred costs and fees$2,482 $3,375 $44,424 $50,281 $6,122,373 $6,172,654 
December 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 $110,007 $110,007 
Commercial and industrial other3,944 32 684 4,660 850,908 855,568 
Subtotal commercial and industrial3,944 32 684 4,660 960,915 965,575 
Commercial real estate
Construction1,120 17,400 0 18,520 367,411 385,931 
Agriculture81 0 0 81 217,501 217,582 
Commercial real estate other0 1,605 11,966 13,571 2,762,733 2,776,304 
Subtotal commercial real estate1,201 19,005 11,966 32,172 3,347,645 3,379,817 
Residential real estate
Home equity955 91 1,811 2,857 201,337 204,194 
Mortgages0 2,836 9,257 12,093 1,354,553 1,366,646 
Subtotal residential real estate955 2,927 11,068 14,950 1,555,890 1,570,840 
Consumer and other
Indirect3 2 7 12 217 229 
Consumer and other430 329 354 1,113 95,050 96,163 
Subtotal consumer and other433 331 361 1,125 95,267 96,392 
Leases0 0 0 0 12,484 12,484 
Total loans and leases6,533 22,295 24,079 52,907 5,972,201 6,025,108 
Less: unearned income and deferred costs and fees0 0 0 0 (5,186)(5,186)
Total loans and leases, net of unearned income and deferred costs and fees$6,533 $22,295 $24,079 $52,907 $5,967,015 $6,019,922 
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 June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
(In thousands)Nonaccrual Loans and Leases with no ACLNonaccrual Loans and LeasesLoans and Leases Past Due Over 89 Days and AccruingNonaccrual 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 $0 $0 $0 $519 $0 
Commercial and industrial other0 2,570 0 0 1,023 0 
Subtotal commercial and industrial0 2,570 0 0 1,542 0 
Commercial real estate
Construction17,302 17,302 0 0 0 0 
Agriculture0 100 0 0 129 0 
Commercial real estate other8,193 15,278 0 24,179 32,461 0 
Subtotal commercial real estate25,495 32,680 0 24,179 32,590 0 
Residential real estate
Home equity232 2,872 0 610 2,889 0 
Mortgages2,272 14,077 1 1,338 13,389 9 
Subtotal residential real estate2,504 16,949 1 1,948 16,278 9 
Consumer and other
Indirect0 6 0 0 13 0 
Consumer and other0 120 165 0 125 314 
Subtotal consumer and other0 126 165 0 138 314 
Leases0 0 0 0 0 0 
Total loans and leases$27,999 $52,325 $166 $26,127 $50,548 $323 
The Company did not recognize any interest income on nonaccrual loans during the three and six months ended June 30, 2025 and 2024.