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Loans and Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Summary of Loans | A summary of loans at December 31, 2022 and 2021 follows (in thousands):
|  | 2022 |  |  | 2021 |
Construction and land development |  | $ | 144,387 |  |  | $ | 145,156 |
Agricultural real estate |  |  | 410,790 |  |  |  | 279,001 |
1-4 family residential properties |  |  | 440,018 |  |  |  | 399,932 |
Multifamily residential properties |  |  | 295,073 |  |  |  | 298,974 |
Commercial real estate |  |  | 2,036,243 |  |  |  | 1,666,764 |
Loans secured by real estate |  |  | 3,326,511 |  |  |  | 2,789,827 |
Agricultural loans |  |  | 166,695 |  |  |  | 151,344 |
Commercial and industrial loans |  |  | 1,085,004 |  |  |  | 834,061 |
Consumer loans |  |  | 97,730 |  |  |  | 78,538 |
All other loans |  |  | 159,499 |  |  |  | 143,738 |
Gross loans |  |  | 4,835,439 |  |  |  | 3,997,508 |
Less: Loans held for sale |  |  | 338 |  |  |  | 2,748 |
|  |  | 4,835,101 |  |  |  | 3,994,760 |
Less: |  |  |  |  |  |
Net deferred loan fees, premiums and discounts |  |  | 9,227 |  |  |  | 1,985 |
Allowance for credit losses |  |  | 59,093 |  |  |  | 54,655 |
Net loans |  | $ | 4,766,781 |  |  | $ | 3,938,120 |
Allowance for Credit Losses Based on Portfolio Segment | The following tables present the balance in the allowance for credit losses and the recorded investment in loans based on portfolio segment and impairment method as of December 31, 2022, 2021, and 2020 (in thousands):
|  | Construction and Land Development |  |  | Agricultural Real Estate |  |  | 1-4 Family Residential Properties |  |  | Commercial Real Estate |  |  | Agricultural Loans |  |  | Commercial and Industrial |  |  | Consumer Loans |  |  | Total |
Twelve months ended December 31, 2022 |
Beginning Balance |  | $ | 1,743 |  |  | $ | 1,257 |  |  | $ | 2,330 |  |  | $ | 26,246 |  |  | $ | 983 |  |  | $ | 19,241 |  |  | $ | 2,855 |  |  | $ | 54,655 |
Initial allowance on loans purchased with credit deterioration |  |  | 272 |  |  |  | — |  |  |  | 3 |  |  |  | 478 |  |  |  | — |  |  |  | 94 |  |  |  | 16 |  |  |  | 863 |
Provision for credit loss expense |  |  | 137 |  |  |  | 176 |  |  |  | 1,241 |  |  |  | 1,462 |  |  |  | (359 | ) |  |  | 2,135 |  |  |  | 14 |  |  |  | 4,806 |
Loans charged off |  |  | 2 |  |  |  | — |  |  |  | 191 |  |  |  | 414 |  |  |  | 93 |  |  |  | 870 |  |  |  | 1,380 |  |  |  | 2,950 |
Recoveries collected |  |  | 100 |  |  |  | — |  |  |  | 359 |  |  |  | 385 |  |  |  | 54 |  |  |  | 208 |  |  |  | 613 |  |  |  | 1,719 |
Ending balance |  | $ | 2,250 |  |  | $ | 1,433 |  |  | $ | 3,742 |  |  | $ | 28,157 |  |  | $ | 585 |  |  | $ | 20,808 |  |  | $ | 2,118 |  |  | $ | 59,093 |
Twelve months ended December 31, 2021 |
Beginning Balance |  | $ | 1,666 |  |  | $ | 1,084 |  |  | $ | 2,322 |  |  | $ | 19,660 |  |  | $ | 1,526 |  |  | $ | 13,485 |  |  | $ | 2,167 |  |  | $ | 41,910 |
Initial allowance on loans purchased with credit deterioration |  |  | 261 |  |  |  | 44 |  |  |  | 328 |  |  |  | 646 |  |  |  | — |  |  |  | 795 |  |  |  | — |  |  |  | 2,074 |
Provision for credit loss expense |  |  | 21 |  |  |  | 129 |  |  |  | (160 | ) |  |  | 6,415 |  |  |  | (544 | ) |  |  | 7,940 |  |  |  | 1,350 |  |  |  | 15,151 |
Loans charged off |  |  | 205 |  |  |  | — |  |  |  | 371 |  |  |  | 535 |  |  |  | — |  |  |  | 3,118 |  |  |  | 1,405 |  |  |  | 5,634 |
Recoveries collected |  |  | — |  |  |  | — |  |  |  | 211 |  |  |  | 60 |  |  |  | 1 |  |  |  | 139 |  |  |  | 743 |  |  |  | 1,154 |
Ending balance |  | $ | 1,743 |  |  | $ | 1,257 |  |  | $ | 2,330 |  |  | $ | 26,246 |  |  | $ | 983 |  |  | $ | 19,241 |  |  | $ | 2,855 |  |  | $ | 54,655 |
Twelve months ended December 31, 2020 |
Beginning Balance (prior to adoption of ASC 326) |  | $ | 1,146 |  |  | $ | 1,093 |  |  | $ | 1,386 |  |  | $ | 11,198 |  |  | $ | 1,386 |  |  | $ | 9,273 |  |  | $ | 1,429 |  |  | $ | 26,911 |
Impact of adopting ASC 326 |  |  | (113 | ) |  |  | 230 |  |  |  | 756 |  |  |  | 541 |  |  |  | (363 | ) |  |  | 155 |  |  |  | 466 |  |  |  | 1,672 |
Provision for credit loss expense |  |  | 646 |  |  |  | (239 | ) |  |  | 274 |  |  |  | 8,581 |  |  |  | 503 |  |  |  | 5,869 |  |  |  | 469 |  |  |  | 16,103 |
Loans charged off |  |  | 13 |  |  |  | — |  |  |  | 393 |  |  |  | 829 |  |  |  | — |  |  |  | 1,991 |  |  |  | 618 |  |  |  | 3,844 |
Recoveries collected |  |  | — |  |  |  | — |  |  |  | 299 |  |  |  | 169 |  |  |  | — |  |  |  | 179 |  |  |  | 421 |  |  |  | 1,068 |
Ending balance |  | $ | 1,666 |  |  | $ | 1,084 |  |  | $ | 2,322 |  |  | $ | 19,660 |  |  | $ | 1,526 |  |  | $ | 13,485 |  |  | $ | 2,167 |  |  | $ | 41,910 |
Amortized Cost Basis of Collateral-Dependent Loans by Class of Loans Individually Evaluated | The following table presents the amortized cost basis of collateral-dependent loans by class of loans that were individually evaluated to determine expected credit losses, and the related allowance for credit losses, as of December 31, 2022 (in thousands):
|  | Collateral |  |  | Allowance |
|  | Real Estate |  |  | Business Assets |  |  | Other |  |  | Total |  |  | for Credit Losses |
Construction and land development |  | $ | 449 |  |  | $ | — |  |  | $ | — |  |  | $ | 449 |  |  | $ | 221 |
Agricultural real estate |  |  | — |  |  |  | — |  |  |  | 16 |  |  |  | 16 |  |  |  | — |
1-4 family residential properties |  |  | 1,085 |  |  |  | 144 |  |  |  | — |  |  |  | 1,229 |  |  |  | 58 |
Multifamily residential properties |  |  | 660 |  |  |  | — |  |  |  | — |  |  |  | 660 |  |  |  | — |
Commercial real estate |  |  | 8,442 |  |  |  | 647 |  |  |  | — |  |  |  | 9,089 |  |  |  | 459 |
Loans secured by real estate |  |  | 10,636 |  |  |  | 791 |  |  |  | 16 |  |  |  | 11,443 |  |  |  | 738 |
Agricultural loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial loans |  |  | 196 |  |  |  | 349 |  |  |  | — |  |  |  | 545 |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |  |  |  | 1 |  |  | 1 |  |  |  | — |
All other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total loans |  | $ | 10,832 |  |  | $ | 1,140 |  |  | $ | 17 |  |  | $ | 11,989 |  |  | $ | 738 |
Credit Risk Profile of Loan Portfolio Based on Risk Rating Category and Payment Activity | The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2022 (in thousands):
|  | Term Loans by Origination Year |  |  | Revolving |  |  |  |
Risk rating |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | Prior |  |  | Loans |  |  | Total |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |
Pass |  | $ | 63,846 |  |  | $ | 39,790 |  |  | $ | 12,558 |  |  | $ | 15,787 |  |  | $ | 1,210 |  |  | $ | 10,601 |  |  | $ | — |  |  | $ | 143,792 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | 458 |  |  |  | — |  |  |  | 472 |
Total |  | $ | 63,846 |  |  | $ | 39,790 |  |  | $ | 12,558 |  |  | $ | 15,801 |  |  | $ | 1,210 |  |  | $ | 11,059 |  |  | $ | — |  |  | $ | 144,264 |
Agricultural real estate loans |
Pass |  | $ | 171,833 |  |  | $ | 67,115 |  |  | $ | 58,283 |  |  | $ | 23,820 |  |  | $ | 27,573 |  |  | $ | 52,799 |  |  | $ | — |  |  | $ | 401,423 |
Special mention |  |  | 1,123 |  |  |  | — |  |  |  | 490 |  |  |  | 1,240 |  |  |  | 273 |  |  |  | 3,121 |  |  |  | — |  |  |  | 6,247 |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,383 |  |  |  | 1,274 |  |  |  | — |  |  |  | 2,657 |
Total |  | $ | 172,956 |  |  | $ | 67,115 |  |  | $ | 58,773 |  |  | $ | 25,060 |  |  | $ | 29,229 |  |  | $ | 57,194 |  |  | $ | — |  |  | $ | 410,327 |
1-4 family residential property loans |
Pass |  | $ | 94,377 |  |  | $ | 86,717 |  |  | $ | 78,977 |  |  | $ | 27,580 |  |  | $ | 30,809 |  |  | $ | 63,050 |  |  | $ | 43,722 |  |  | $ | 425,232 |
Special mention |  |  | 169 |  |  |  | 218 |  |  |  | 1 |  |  |  | 44 |  |  |  | 238 |  |  |  | 1,000 |  |  |  | — |  |  |  | 1,670 |
Substandard |  |  | 1,060 |  |  |  | 566 |  |  |  | 529 |  |  |  | 295 |  |  |  | 2,749 |  |  |  | 8,079 |  |  |  | — |  |  |  | 13,278 |
Total |  | $ | 95,606 |  |  | $ | 87,501 |  |  | $ | 79,507 |  |  | $ | 27,919 |  |  | $ | 33,796 |  |  | $ | 72,129 |  |  | $ | 43,722 |  |  | $ | 440,180 |
Commercial real estate loans |
Pass |  | $ | 558,921 |  |  | $ | 509,614 |  |  | $ | 319,049 |  |  | $ | 239,564 |  |  | $ | 211,505 |  |  | $ | 453,076 |  |  | $ | — |  |  | $ | 2,291,729 |
Special mention |  |  | 2,187 |  |  |  | 1,287 |  |  |  | 769 |  |  |  | 1,508 |  |  |  | 952 |  |  |  | 8,503 |  |  |  | — |  |  |  | 15,206 |
Substandard |  |  | 3,783 |  |  |  | 478 |  |  |  | 794 |  |  |  | 873 |  |  |  | 5,394 |  |  |  | 6,100 |  |  |  | — |  |  |  | 17,422 |
Total |  | $ | 564,891 |  |  | $ | 511,379 |  |  | $ | 320,612 |  |  | $ | 241,945 |  |  | $ | 217,851 |  |  | $ | 467,679 |  |  | $ | — |  |  | $ | 2,324,357 |
Agricultural loans |
Pass |  | $ | 137,327 |  |  | $ | 18,783 |  |  | $ | 3,433 |  |  | $ | 3,918 |  |  | $ | 915 |  |  | $ | 254 |  |  | $ | — |  |  | $ | 164,630 |
Special mention |  |  | 1,178 |  |  |  | — |  |  |  | — |  |  |  | 756 |  |  |  | 66 |  |  |  | 109 |  |  |  | — |  |  |  | 2,109 |
Substandard |  |  | 53 |  |  |  | — |  |  |  | — |  |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 99 |
Total |  | $ | 138,558 |  |  | $ | 18,783 |  |  | $ | 3,433 |  |  | $ | 4,720 |  |  | $ | 981 |  |  | $ | 363 |  |  | $ | — |  |  | $ | 166,838 |
Commercial and industrial loans |
Pass |  | $ | 450,001 |  |  | $ | 226,038 |  |  | $ | 172,208 |  |  | $ | 63,906 |  |  | $ | 61,929 |  |  | $ | 247,404 |  |  | $ | — |  |  | $ | 1,221,486 |
Special mention |  |  | 469 |  |  |  | 640 |  |  |  | 10,095 |  |  |  | 570 |  |  |  | 7,280 |  |  |  | 158 |  |  |  | — |  |  |  | 19,212 |
Substandard |  |  | 346 |  |  |  | 418 |  |  |  | 184 |  |  |  | 35 |  |  |  | 157 |  |  |  | 633 |  |  |  | — |  |  |  | 1,773 |
Total |  | $ | 450,816 |  |  | $ | 227,096 |  |  | $ | 182,487 |  |  | $ | 64,511 |  |  | $ | 69,366 |  |  | $ | 248,195 |  |  | $ | — |  |  | $ | 1,242,471 |
Consumer loans |
Pass |  | $ | 48,600 |  |  | $ | 21,088 |  |  | $ | 12,101 |  |  | $ | 7,968 |  |  | $ | 1,945 |  |  | $ | 5,630 |  |  | $ | — |  |  | $ | 97,332 |
Special mention |  |  | — |  |  |  | 18 |  |  |  | 1 |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 24 |
Substandard |  |  | 69 |  |  |  | 246 |  |  |  | 3 |  |  |  | 43 |  |  |  | 52 |  |  |  | 6 |  |  |  | — |  |  |  | 419 |
Total |  | $ | 48,669 |  |  | $ | 21,352 |  |  | $ | 12,105 |  |  | $ | 8,011 |  |  | $ | 2,002 |  |  | $ | 5,636 |  |  | $ | — |  |  | $ | 97,775 |
Total loans |
Pass |  | $ | 1,524,905 |  |  | $ | 969,145 |  |  | $ | 656,609 |  |  | $ | 382,543 |  |  | $ | 335,886 |  |  | $ | 832,814 |  |  | $ | 43,722 |  |  | $ | 4,745,624 |
Special mention |  |  | 5,126 |  |  |  | 2,163 |  |  |  | 11,356 |  |  |  | 4,118 |  |  |  | 8,814 |  |  |  | 12,891 |  |  |  | — |  |  |  | 44,468 |
Substandard |  |  | 5,311 |  |  |  | 1,708 |  |  |  | 1,510 |  |  |  | 1,306 |  |  |  | 9,735 |  |  |  | 16,550 |  |  |  | — |  |  |  | 36,120 |
Total |  | $ | 1,535,342 |  |  | $ | 973,016 |  |  | $ | 669,475 |  |  | $ | 387,967 |  |  | $ | 354,435 |  |  | $ | 862,255 |  |  | $ | 43,722 |  |  | $ | 4,826,212 |
|  | Term Loans by Origination Year |  |  | Revolving |  |  |  |
Risk rating |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | Prior |  |  | Loans |  |  | Total |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development loans |
Pass |  | $ | 38,656 |  |  | $ | 34,774 |  |  | $ | 23,505 |  |  | $ | 34,358 |  |  | $ | 3,760 |  |  | $ | 9,433 |  |  | $ | — |  |  | $ | 144,486 |
Special mention |  |  | 110 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110 |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 483 |  |  |  | — |  |  |  | 39 |  |  |  | — |  |  |  | 522 |
Total |  | $ | 38,766 |  |  | $ | 34,774 |  |  | $ | 23,505 |  |  | $ | 34,841 |  |  | $ | 3,760 |  |  | $ | 9,472 |  |  | $ | — |  |  | $ | 145,118 |
Agricultural real estate loans |
Pass |  | $ | 78,793 |  |  | $ | 64,159 |  |  | $ | 25,713 |  |  | $ | 30,203 |  |  | $ | 12,142 |  |  | $ | 54,808 |  |  | $ | — |  |  | $ | 265,818 |
Special mention |  |  | 872 |  |  |  | 259 |  |  |  | 4,028 |  |  |  | 384 |  |  |  | 69 |  |  |  | 6,087 |  |  |  | — |  |  |  | 11,699 |
Substandard |  |  | — |  |  |  | — |  |  |  | 392 |  |  |  | 187 |  |  |  | 57 |  |  |  | 1,119 |  |  |  | — |  |  |  | 1,755 |
Total |  | $ | 79,665 |  |  | $ | 64,418 |  |  | $ | 30,133 |  |  | $ | 30,774 |  |  | $ | 12,268 |  |  | $ | 62,014 |  |  | $ | — |  |  | $ | 279,272 |
1-4 family residential property loans |
Pass |  | $ | 78,889 |  |  | $ | 94,404 |  |  | $ | 35,554 |  |  | $ | 44,248 |  |  | $ | 30,735 |  |  | $ | 52,131 |  |  | $ | 42,800 |  |  | $ | 378,761 |
Special mention |  |  | 234 |  |  |  | — |  |  |  | 1,934 |  |  |  | 499 |  |  |  | 2,601 |  |  |  | 1,196 |  |  |  | 41 |  |  |  | 6,505 |
Substandard |  |  | 355 |  |  |  | 496 |  |  |  | 1,534 |  |  |  | 1,302 |  |  |  | 3,458 |  |  |  | 7,250 |  |  |  | 652 |  |  |  | 15,047 |
Total |  | $ | 79,478 |  |  | $ | 94,900 |  |  | $ | 39,022 |  |  | $ | 46,049 |  |  | $ | 36,794 |  |  | $ | 60,577 |  |  | $ | 43,493 |  |  | $ | 400,313 |
Commercial real estate loans |
Pass |  | $ | 568,200 |  |  | $ | 417,334 |  |  | $ | 299,973 |  |  | $ | 174,448 |  |  | $ | 150,811 |  |  | $ | 304,585 |  |  | $ | — |  |  | $ | 1,915,351 |
Special mention |  |  | 3,185 |  |  |  | 1,206 |  |  |  | 1,836 |  |  |  | 1,295 |  |  |  | 10,609 |  |  |  | 8,632 |  |  |  | — |  |  |  | 26,763 |
Substandard |  |  | 2,007 |  |  |  | 714 |  |  |  | 6,242 |  |  |  | 1,179 |  |  |  | 4,646 |  |  |  | 8,238 |  |  |  | — |  |  |  | 23,026 |
Total |  | $ | 573,392 |  |  | $ | 419,254 |  |  | $ | 308,051 |  |  | $ | 176,922 |  |  | $ | 166,066 |  |  | $ | 321,455 |  |  | $ | — |  |  | $ | 1,965,140 |
Agricultural loans |
Pass |  | $ | 105,378 |  |  | $ | 17,903 |  |  | $ | 5,612 |  |  | $ | 2,822 |  |  | $ | 924 |  |  | $ | 1,316 |  |  | $ | — |  |  | $ | 133,955 |
Special mention |  |  | 13,725 |  |  |  | 436 |  |  |  | 2,648 |  |  |  | 150 |  |  |  | 13 |  |  |  | 64 |  |  |  | — |  |  |  | 17,036 |
Substandard |  |  | 350 |  |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 125 |  |  |  | — |  |  |  | 493 |
Total |  | $ | 119,453 |  |  | $ | 18,357 |  |  | $ | 8,260 |  |  | $ | 2,972 |  |  | $ | 937 |  |  | $ | 1,505 |  |  | $ | — |  |  | $ | 151,484 |
Commercial and industrial loans |
Pass |  | $ | 279,814 |  |  | $ | 167,662 |  |  | $ | 119,702 |  |  | $ | 76,022 |  |  | $ | 22,888 |  |  | $ | 302,962 |  |  | $ | — |  |  | $ | 969,050 |
Special mention |  |  | 613 |  |  |  | 399 |  |  |  | 1,463 |  |  |  | 182 |  |  |  | 477 |  |  |  | 819 |  |  |  | — |  |  |  | 3,953 |
Substandard |  |  | 506 |  |  |  | 34 |  |  |  | 133 |  |  |  | 621 |  |  |  | 24 |  |  |  | 1,433 |  |  |  | — |  |  |  | 2,751 |
Total |  | $ | 280,933 |  |  | $ | 168,095 |  |  | $ | 121,298 |  |  | $ | 76,825 |  |  | $ | 23,389 |  |  | $ | 305,214 |  |  | $ | — |  |  | $ | 975,754 |
Consumer loans |
Pass |  | $ | 27,948 |  |  | $ | 19,033 |  |  | $ | 16,978 |  |  | $ | 5,505 |  |  | $ | 4,297 |  |  | $ | 1,244 |  |  | $ | — |  |  | $ | 75,005 |
Special mention |  |  | 68 |  |  |  | 54 |  |  |  | 38 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 169 |
Substandard |  |  | 585 |  |  |  | 58 |  |  |  | 308 |  |  |  | 678 |  |  |  | 43 |  |  |  | 1,596 |  |  |  | — |  |  |  | 3,268 |
Total |  | $ | 28,601 |  |  | $ | 19,145 |  |  | $ | 17,324 |  |  | $ | 6,192 |  |  | $ | 4,340 |  |  | $ | 2,840 |  |  | $ | — |  |  | $ | 78,442 |
Total loans |
Pass |  | $ | 1,177,678 |  |  | $ | 815,269 |  |  | $ | 527,037 |  |  | $ | 367,606 |  |  | $ | 225,557 |  |  | $ | 726,479 |  |  | $ | 42,800 |  |  | $ | 3,882,426 |
Special mention |  |  | 18,807 |  |  |  | 2,354 |  |  |  | 11,947 |  |  |  | 2,519 |  |  |  | 13,769 |  |  |  | 16,798 |  |  |  | 41 |  |  |  | 66,235 |
Substandard |  |  | 3,803 |  |  |  | 1,320 |  |  |  | 8,609 |  |  |  | 4,450 |  |  |  | 8,228 |  |  |  | 19,800 |  |  |  | 652 |  |  |  | 46,862 |
Total |  | $ | 1,200,288 |  |  | $ | 818,943 |  |  | $ | 547,593 |  |  | $ | 374,575 |  |  | $ | 247,554 |  |  | $ | 763,077 |  |  | $ | 43,493 |  |  | $ | 3,995,523 |
Loan Portfolio Aging Analysis | The following table presents the Company’s loan portfolio aging analysis at December 31, 2022 and 2021 (in thousands):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |  |  |  |  |  |  | Loans > 90 |
|  | 30-59 days |  |  | 60-89 days |  |  | or More |  |  | Total |  |  |  |  |  | Total Loans |  |  | days and |
|  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Current |  |  | Receivable |  |  | Accruing |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 20 |  |  | $ | 14 |  |  | $ | 449 |  |  | $ | 483 |  |  | $ | 143,781 |  |  | $ | 144,264 |  |  | $ | — |
Agricultural real estate |  |  | 20 |  |  |  | 6 |  |  |  | 1 |  |  |  | 27 |  |  |  | 410,300 |  |  |  | 410,327 |  |  |  | — |
1-4 family residential properties |  |  | 1,706 |  |  |  | 1,092 |  |  |  | 896 |  |  |  | 3,694 |  |  |  | 436,486 |  |  |  | 440,180 |  |  |  | — |
Multifamily residential properties |  |  | — |  |  |  | — |  |  |  | 548 |  |  |  | 548 |  |  |  | 293,798 |  |  |  | 294,346 |  |  |  | — |
Commercial real estate |  |  | 494 |  |  |  | 205 |  |  |  | 3,654 |  |  |  | 4,353 |  |  |  | 2,025,658 |  |  |  | 2,030,011 |  |  |  | — |
Loans secured by real estate |  |  | 2,240 |  |  |  | 1,317 |  |  |  | 5,548 |  |  |  | 9,105 |  |  |  | 3,310,023 |  |  |  | 3,319,128 |  |  |  | — |
Agricultural loans |  |  | — |  |  |  | 53 |  |  |  | 29 |  |  |  | 82 |  |  |  | 166,756 |  |  |  | 166,838 |  |  |  | — |
Commercial and industrial loans |  |  | 716 |  |  |  | 24 |  |  |  | 854 |  |  |  | 1,594 |  |  |  | 1,081,366 |  |  |  | 1,082,960 |  |  |  | — |
Consumer loans |  |  | 326 |  |  |  | 195 |  |  |  | 278 |  |  |  | 799 |  |  |  | 96,976 |  |  |  | 97,775 |  |  |  | — |
All other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 159,511 |  |  |  | 159,511 |  |  |  | — |
Total loans |  | $ | 3,282 |  |  | $ | 1,589 |  |  | $ | 6,709 |  |  | $ | 11,580 |  |  | $ | 4,814,632 |  |  | $ | 4,826,212 |  |  | $ | — |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 159 |  |  | $ | 199 |  |  | $ | 203 |  |  | $ | 561 |  |  | $ | 144,557 |  |  | $ | 145,118 |  |  | $ | — |
Agricultural real estate |  |  | — |  |  |  | 222 |  |  |  | 1 |  |  |  | 223 |  |  |  | 279,049 |  |  |  | 279,272 |  |  |  | — |
1-4 family residential properties |  |  | 2,532 |  |  |  | 914 |  |  |  | 2,012 |  |  |  | 5,458 |  |  |  | 394,855 |  |  |  | 400,313 |  |  |  | — |
Multifamily residential properties |  |  | — |  |  |  | — |  |  |  | 1,676 |  |  |  | 1,676 |  |  |  | 297,266 |  |  |  | 298,942 |  |  |  | — |
Commercial real estate |  |  | 8,930 |  |  |  | 640 |  |  |  | 2,484 |  |  |  | 12,054 |  |  |  | 1,654,144 |  |  |  | 1,666,198 |  |  |  | — |
Loans secured by real estate |  |  | 11,621 |  |  |  | 1,975 |  |  |  | 6,376 |  |  |  | 19,972 |  |  |  | 2,769,871 |  |  |  | 2,789,843 |  |  |  | — |
Agricultural loans |  |  | — |  |  |  | 10 |  |  |  | 588 |  |  |  | 598 |  |  |  | 150,886 |  |  |  | 151,484 |  |  |  | — |
Commercial and industrial loans |  |  | 381 |  |  |  | 302 |  |  |  | 1,156 |  |  |  | 1,839 |  |  |  | 830,169 |  |  |  | 832,008 |  |  |  | — |
Consumer loans |  |  | 388 |  |  |  | 47 |  |  |  | 118 |  |  |  | 553 |  |  |  | 77,889 |  |  |  | 78,442 |  |  |  | — |
All other loans |  |  | 1,854 |  |  |  | — |  |  |  | — |  |  |  | 1,854 |  |  |  | 141,892 |  |  |  | 143,746 |  |  |  | — |
Total loans |  | $ | 14,244 |  |  | $ | 2,334 |  |  | $ | 8,238 |  |  | $ | 24,816 |  |  | $ | 3,970,707 |  |  | $ | 3,995,523 |  |  | $ | — |
Recorded Balance of Loans on Nonaccrual Loans | The following table presents the Company’s recorded balance of nonaccrual loans at December 31, 2022 and December 31, 2021 (in thousands). This table excludes performing purchased credit deteriorated loans and performing troubled debt restructurings.
|  | 2022 |  |  | 2021 |
|  | Nonaccrual with no Allowance for |  |  |  |  |  | Nonaccrual with no Allowance for |  |  |  |
|  | Credit Loss |  |  | Nonaccrual |  |  | Credit Loss |  |  | Nonaccrual |
Construction and land development |  | $ | 14 |  |  | $ | 14 |  |  | $ | 25 |  |  | $ | 25 |
Agricultural real estate |  |  | 1,258 |  |  |  | 1,258 |  |  |  | 237 |  |  |  | 336 |
1-4 family residential properties |  |  | 4,532 |  |  |  | 4,943 |  |  |  | 5,252 |  |  |  | 5,252 |
Multifamily residential properties |  |  | 672 |  |  |  | 672 |  |  |  | 1,982 |  |  |  | 1,982 |
Commercial real estate |  |  | 7,640 |  |  |  | 7,640 |  |  |  | 7,554 |  |  |  | 7,920 |
Loans secured by real estate |  |  | 14,116 |  |  |  | 14,527 |  |  |  | 15,050 |  |  |  | 15,515 |
Agricultural loans |  |  | 57 |  |  |  | 57 |  |  |  | 560 |  |  |  | 560 |
Commercial and industrial loans |  |  | 1,098 |  |  |  | 1,098 |  |  |  | 936 |  |  |  | 1,851 |
Consumer loans |  |  | 274 |  |  |  | 274 |  |  |  | 179 |  |  |  | 179 |
Total loans |  | $ | 15,545 |  |  | $ | 15,956 |  |  | $ | 16,725 |  |  | $ | 18,105 |
Recorded Balance of Troubled Debt Restructurings | The following table presents the Company’s recorded balance of troubled debt restructurings at December 31, 2022 and 2021 (in thousands).
Troubled debt restructurings: |  | 2022 |  |  | 2021 |
Agricultural real estate |  | $ | 351 |  |  | $ | 245 |
1-4 family residential properties |  |  | 1,165 |  |  |  | 1,353 |
Commercial real estate |  |  | 2,919 |  |  |  | 3,355 |
Loans secured by real estate |  |  | 4,435 |  |  |  | 4,953 |
Agricultural loans |  |  | — |  |  |  | 228 |
Commercial and industrial loans |  |  | 591 |  |  |  | 479 |
Consumer loans |  |  | 38 |  |  |  | 109 |
All other loans |  |  | — |  |  |  | 23 |
Total |  | $ | 5,064 |  |  | $ | 5,792 |
Performing troubled debt restructurings: |  |  |  |  |  |
Agricultural real estate |  | $ | 233 |  |  | $ | 245 |
1-4 family residential properties |  |  | 846 |  |  |  | 882 |
Commercial real estate |  |  | 1,939 |  |  |  | 2,552 |
Loans secured by real estate |  |  | 3,018 |  |  |  | 3,679 |
Commercial and industrial loans |  |  | 159 |  |  |  | 179 |
Consumer loans |  |  | 37 |  |  |  | 50 |
All other loans |  |  | — |  |  |  | 23 |
Total |  | $ | 3,214 |  |  | $ | 3,931 |
Loans Modified as Troubled Debt Restructurings | The following table presents loans modified as TDRs during the years ended December 31, 2022 and 2021 as a result of various modified loan factors (dollars in thousands). The change in the recorded investment from pre-modification to post-modification was not material.
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | Number of |  |  | Recorded |  |  | Number of |  |  | Recorded |
|  | Modifications |  |  | Investment |  |  | Modifications |  |  | Investment |
Agricultural real estate |  |  | 2 |  |  | $ | 97 |  |  |  | 1 |  |  | $ | 245 |
1-4 family residential properties |  |  | 4 |  |  |  | 422 |  |  |  | 1 |  |  |  | 183 |
Commercial real estate |  |  | 2 |  |  |  | 196 |  |  |  | 1 |  |  |  | 679 |
Loans secured by real estate |  |  | 8 |  |  |  | 715 |  |  |  | 3 |  |  |  | 1,107 |
Commercial and industrial loans |  |  | 4 |  |  |  | 325 |  |  |  | 2 |  |  |  | 254 |
Consumer loans |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 50 |
All other loans |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 23 |
Total |  |  | 12 |  |  | $ | 1,040 |  |  |  | 10 |  |  | $ | 1,434 |
Summary of Purchased Credit Deteriorated (PCD) Loans | During 2022 and 2021, the Company acquired loans from Delta and LINCO, respectively, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows (in thousands):
|  | Delta Acquisition |  | LINCO Acquisition |
Purchase price of purchase credit deteriorated loans at acquisition |  | $ | 18,796 |  | $ | 64,647 |
Allowance for credit losses at acquisition |  |  | (863 | ) |  | (2,074 | )
Non-credit discount/(premium) at acquisition |  |  | (523 | ) |  | (187 | )
Fair value of purchased credit deteriorated loans at acquisition |  | $ | 17,410 |  | $ | 62,386 |

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