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COVID-19
6 Months Ended
Jun. 30, 2020
COVID-19 [Abstract]  
COVID-19
Note 11 – COVID-19


We continue to work diligently with our customers as we all continue to battle COVID-19.  At June 30, 2020, we had 3,668 COVID-19 loan deferrals totaling $756.6 million, consisting of 850 commercial loan deferrals totaling $639.4 million, 485 residential loan deferrals totaling $63.3 million, and 2,264 consumer loan deferrals totaling $44.6 million, in addition to 69 serviced loan deferrals, pursuant to Freddie Mac guidelines, totaling $9.3 million.  We also had 50 customers who had previously received COVID-19 loan deferrals during the first quarter 2020 that have requested assistance for a second time.  Those deferrals total $68.4 million, consisting of 30 commercial loans deferrals totaling $65.7 million, 18 residential loan deferrals totaling $2.2 million, and two serviced loan deferrals, pursuant to Freddie Mac guidelines, totaling $0.5 million.  These loan deferrals and modifications have been executed consistent with the guidelines of the CARES Act.  Pursuant to the CARES Act, these loan deferrals are not included in our nonperforming loans disclosed in Note 4 above.  We have continued participating in the Paycheck Protection Program (PPP) stemming from the CARES Act passed by Congress as a stimulus response to the potential economic impacts of COVID-19.  As of June 30, 2020, we had 2,848 PPP loans authorized totaling $275.9 million.  Of these, 2,703 were under $350 thousand, 132 were between $350 thousand and $2.0 million, and 13 were over $2.0 million.  We have closed 2,782 of these loans for a total amount of $274.1 million.