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Loans | 12 Months Ended
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Dec. 31, 2020
Receivables [Abstract] |
Loans | Loans Total net loans at December 31, 2020 and December 31, 2019 are summarized as follows:
| 2020 |  | Percentage of Total
Farmland | $ | 23,316 |  |  | 0.7 | %
Owner-occupied, nonfarm nonresidential properties | 407,924 |  |  | 12.1 | %
Agricultural production and other loans to farmers | 2,664 |  |  | 0.1 | %
Commercial and Industrial | 663,550 |  |  | 19.7 | %
Obligations (other than securities and leases) of states and political subdivisions | 132,818 |  |  | 3.9 | %
Other loans | 11,961 |  |  | 0.4 | %
Other construction loans and all land development and other land loans | 205,734 |  |  | 6.1 | %
Multifamily (5 or more) residential properties | 212,815 |  |  | 6.3 | %
Non-owner occupied, nonfarm nonresidential properties | 640,945 |  |  | 19.0 | %
1-4 Family Construction | 27,768 |  |  | 0.8 | %
Home equity lines of credit | 109,444 |  |  | 3.2 | %
Residential Mortgages secured by first liens | 777,030 |  |  | 23.0 | %
Residential Mortgages secured by junior liens | 53,726 |  |  | 1.6 | %
Other revolving credit plans | 25,507 |  |  | 0.8 | %
Automobile | 25,344 |  |  | 0.8 | %
Other consumer | 42,792 |  |  | 1.3 | %
Credit cards | 8,115 |  |  | 0.2 | %
Overdrafts | 336 |  |  | 0.0 | %
Total loans | $ | 3,371,789 |  |  | 100.0 | %
Less: Allowance for credit losses | (34,340) |  |  |
Loans, net | $ | 3,337,449 |  |  |
Net deferred loan origination fees (costs) and unearned discount included in the above loan table | $ | 8,789 |  |  |
| 2019 |  | Percentage of Total
Commercial, industrial, and agricultural | $ | 1,046,665 |  |  | 37.3 | %
Commercial mortgages | 814,002 |  |  | 29.0 | %
Residential real estate | 814,030 |  |  | 29.0 | %
Consumer | 124,785 |  |  | 4.5 | %
Credit cards | 7,569 |  |  | 0.3 | %
Overdrafts | 2,146 |  |  | 0.1 | %
Less: unearned discount | (5,162) |  |  | (0.2) | %
Total loans | $ | 2,804,035 |  |  | 100.0 | %
Less: Allowance for loan losses | (19,473) |  |  |
Loans, net | $ | 2,784,562 |  |  |
Net deferred loan origination fees (costs) included in the above loan table | $ | 3,092 |  |  |
The Corporation’s outstanding loans and related unfunded commitments are primarily concentrated within central and northwest Pennsylvania, central and northeast Ohio, and western New York. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management’s assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation’s management and reviewed and ratified annually by the Corporation’s Board of Directors. As a result of the adoption of ASC 326 effective January 1, 2020, there is a lack of comparability in both the allowance and provisions for credit losses for the periods presented. Results for reporting periods beginning after January 1, 2020 (as reflected in the table below) are presented using the CECL methodology, while comparative period information continues to be reported in accordance with the incurred loss methodology in effect for prior fiscal years. See Note 1, "Summary of Significant Accounting Policies," for details regarding the adoption of ASC 326. At December 31, 2020, the Corporation incorporated the loans acquired through Bank of Akron and evaluated its qualitative factors as a result of the COVID-19 pandemic. As a result, at December 31, 2020, the Corporation added a qualitative factor related to the unfavorable economic environment driven by the COVID-19 pandemic. Management evaluates the factor based upon internal and external expectations of economic activity. Management also included a qualitative factor related to loans with payment deferrals specifically related to the COVID-19 pandemic. Transactions in the allowance for credit losses for the year ended December 31, 2020 were as follows:
| Beginning Allowance (Before ASC 326 Adoption) |  | Impact of ASC 326 Adoption |  | Initial Allowance on Loans Purchased with Credit Deterioration |  | (Charge-offs) |  | Recoveries |  | Provision (Benefit) for Credit Loss Expense |  | Ending Allowance (After ASC 326 Adoption)
Farmland | $ | 190 |  |  | $ | 61 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | (30) |  |  | $ | 221 |
Owner-occupied, nonfarm nonresidential properties | 2,390 |  |  | (754) |  |  | 82 |  |  | (61) |  |  | 12 |  |  | 2,031 |  |  | 3,700 |
Agricultural production and other loans to farmers | 25 |  |  | 5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | (6) |  |  | 24 |
Commercial and Industrial | 4,105 |  |  | (631) |  |  | 216 |  |  | (2,779) |  |  | 39 |  |  | 5,283 |  |  | 6,233 |
Obligations (other than securities and leases) of states and political subdivisions | 1,022 |  |  | (231) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 207 |  |  | 998 |
Other loans | 41 |  |  | 8 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 19 |  |  | 68 |
Other construction loans and all land development and other land loans | 2,327 |  |  | 780 |  |  | 228 |  |  | 0 |  |  | 125 |  |  | (1,504) |  |  | 1,956 |
Multifamily (5 or more) residential properties | 1,087 |  |  | 312 |  |  | 24 |  |  | 0 |  |  | 0 |  |  | 1,301 |  |  | 2,724 |
Non-owner occupied, nonfarm nonresidential properties | 3,980 |  |  | 2,547 |  |  | 335 |  |  | (1,522) |  |  | 52 |  |  | 3,266 |  |  | 8,658 |
1-4 Family Construction | 56 |  |  | (35) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 61 |  |  | 82 |
Home equity lines of credit | 180 |  |  | 421 |  |  | 22 |  |  | (6) |  |  | 1 |  |  | 367 |  |  | 985 |
Residential Mortgages secured by first liens | 1,220 |  |  | 1,100 |  |  | 73 |  |  | (285) |  |  | 65 |  |  | 2,366 |  |  | 4,539 |
Residential Mortgages secured by junior liens | 114 |  |  | 135 |  |  | 0 |  |  | (158) |  |  | 2 |  |  | 148 |  |  | 241 |
Other revolving credit plans | 296 |  |  | 378 |  |  | 0 |  |  | (137) |  |  | 21 |  |  | (51) |  |  | 507 |
Automobile | 156 |  |  | (96) |  |  | 0 |  |  | (29) |  |  | 2 |  |  | 99 |  |  | 132 |
Other consumer | 1,960 |  |  | 1,021 |  |  | 0 |  |  | (1,513) |  |  | 130 |  |  | 1,364 |  |  | 2,962 |
Credit cards | 84 |  |  | (58) |  |  | 0 |  |  | (153) |  |  | 14 |  |  | 179 |  |  | 66 |
Overdrafts | 240 |  |  | 0 |  |  | 0 |  |  | (435) |  |  | 185 |  |  | 254 |  |  | 244 |
Total loans | $ | 19,473 |  |  | $ | 4,963 |  |  | $ | 980 |  |  | $ | (7,078) |  |  | $ | 648 |  |  | $ | 15,354 |  |  | $ | 34,340 |
Transactions in the allowance for loan losses for the year ended December 31, 2019 were as follows:
| Commercial, Industrial, and Agricultural |  | Commercial Mortgages |  | Residential Real Estate |  | Consumer |  | Credit Cards |  | Overdrafts |  | Total
Allowance for loan losses, January 1, 2019 | $ | 7,341 |  |  | $ | 7,490 |  |  | $ | 2,156 |  |  | $ | 2,377 |  |  | $ | 103 |  |  | $ | 237 |  |  | $ | 19,704 |
Charge-offs | (205) |  |  | (3,391) |  |  | (386) |  |  | (2,200) |  |  | (116) |  |  | (453) |  |  | (6,751) |
Recoveries | 17 |  |  | 124 |  |  | 73 |  |  | 154 |  |  | 15 |  |  | 113 |  |  | 496 |
Provision for loan losses | 1,134 |  |  | 2,729 |  |  | (344) |  |  | 2,080 |  |  | 82 |  |  | 343 |  |  | 6,024 |
Allowance for loan losses, December 31, 2019 | $ | 8,287 |  |  | $ | 6,952 |  |  | $ | 1,499 |  |  | $ | 2,411 |  |  | $ | 84 |  |  | $ | 240 |  |  | $ | 19,473 |
Transactions in the allowance for loan losses for the year ended December 31, 2018 were as follows:
| Commercial, Industrial, and Agricultural |  | Commercial Mortgages |  | Residential Real Estate |  | Consumer |  | Credit Cards |  | Overdrafts |  | Total
Allowance for loan losses, January 1, 2018 | $ | 6,160 |  |  | $ | 9,007 |  |  | $ | 2,033 |  |  | $ | 2,179 |  |  | $ | 120 |  |  | $ | 194 |  |  | $ | 19,693 |
Charge-offs | (253) |  |  | (3,337) |  |  | (315) |  |  | (2,279) |  |  | (90) |  |  | (319) |  |  | (6,593) |
Recoveries | 171 |  |  | 30 |  |  | 67 |  |  | 141 |  |  | 33 |  |  | 90 |  |  | 532 |
Provision for loan losses | 1,263 |  |  | 1,790 |  |  | 371 |  |  | 2,336 |  |  | 40 |  |  | 272 |  |  | 6,072 |
Allowance for loan losses, December 31, 2018 | $ | 7,341 |  |  | $ | 7,490 |  |  | $ | 2,156 |  |  | $ | 2,377 |  |  | $ | 103 |  |  | $ | 237 |  |  | $ | 19,704 |
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and is based on the Corporation’s impairment method as of December 31, 2019. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance.
December 31, 2019 | Commercial, Industrial, and Agricultural |  | Commercial Mortgages |  | Residential Real Estate |  | Consumer |  | Credit Cards |  | Overdrafts |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 645 |  |  | $ | 1,264 |  |  | $ | 34 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,943 |
Collectively evaluated for impairment | 7,614 |  |  | 5,358 |  |  | 1,465 |  |  | 2,411 |  |  | 84 |  |  | 240 |  |  | 17,172 |
Acquired with deteriorated credit quality | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Modified in a troubled debt restructuring | 28 |  |  | 330 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 358 |
Total ending allowance balance | $ | 8,287 |  |  | $ | 6,952 |  |  | $ | 1,499 |  |  | $ | 2,411 |  |  | $ | 84 |  |  | $ | 240 |  |  | $ | 19,473 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 8,078 |  |  | $ | 2,410 |  |  | $ | 465 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 10,953 |
Collectively evaluated for impairment | 1,035,494 |  |  | 804,360 |  |  | 813,565 |  |  | 124,785 |  |  | 7,569 |  |  | 2,146 |  |  | 2,787,919 |
Acquired with deteriorated credit quality | 0 |  |  | 523 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 523 |
Modified in a troubled debt restructuring | 3,093 |  |  | 6,709 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 9,802 |
Total ending loans balance | $ | 1,046,665 |  |  | $ | 814,002 |  |  | $ | 814,030 |  |  | $ | 124,785 |  |  | $ | 7,569 |  |  | $ | 2,146 |  |  | $ | 2,809,197 |
The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of December 31, 2019 and for the years ended December 31, 2019, and December 31, 2018, respectively.
December 31, 2019 | Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses Allocated
With an allowance recorded: |  |  |  |  |
Commercial, industrial, and agricultural | $ | 2,657 |  |  | $ | 1,476 |  |  | $ | 673 |
Commercial mortgage | 6,541 |  |  | 4,349 |  |  | 1,594 |
Residential real estate | 485 |  |  | 465 |  |  | 34 |
With no related allowance recorded: |  |  |  |  |
Commercial, industrial, and agricultural | 9,845 |  |  | 9,695 |  |  | 0 |
Commercial mortgage | 4,903 |  |  | 4,770 |  |  | 0 |
Residential real estate | 0 |  |  | 0 |  |  | 0 |
Total | $ | 24,431 |  |  | $ | 20,755 |  |  | $ | 2,301 |
The unpaid principal balance of impaired loans includes the Corporation's recorded investment in the loan and the amount that have been recorded as charge-offs.
| Year Ended December 31, 2019
| Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Recognized
With an allowance recorded: |  |  |  |  |
Commercial, industrial, and agricultural | $ | 1,750 |  |  | $ | 90 |  |  | $ | 90 |
Commercial mortgage | 6,586 |  |  | 119 |  |  | 119 |
Residential real estate | 191 |  |  | 13 |  |  | 13 |
Overdrafts | 0 |  |  | 0 |  |  | 0 |
With no related allowance recorded: |  |  |  |  |
Commercial, industrial, and agricultural | 4,919 |  |  | 208 |  |  | 208 |
Commercial mortgage | 3,985 |  |  | 158 |  |  | 158 |
Residential real estate | 294 |  |  | 11 |  |  | 11 |
Overdrafts | 0 |  |  | 0 |  |  | 0 |
Total | $ | 17,725 |  |  | $ | 599 |  |  | $ | 599 |
| Year Ended December 31, 2018
| Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Recognized
With an allowance recorded: |  |  |  |  |
Commercial, industrial, and agricultural | $ | 2,745 |  |  | $ | 254 |  |  | $ | 249 |
Commercial mortgage | 8,456 |  |  | 338 |  |  | 326 |
Residential real estate | 304 |  |  | 20 |  |  | 19 |
Overdrafts | 2 |  |  | 0 |  |  | 0 |
With no related allowance recorded: |  |  |  |  |
Commercial, industrial, and agricultural | 4,642 |  |  | 157 |  |  | 148 |
Commercial mortgage | 4,566 |  |  | 146 |  |  | 144 |
Residential real estate | 0 |  |  | 0 |  |  | 0 |
Total | $ | 20,715 |  |  | $ | 915 |  |  | $ | 886 |
The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of December 31, 2020:
| Nonaccrual |  | Nonaccrual With No Allowance for Credit Loss |  | Loans Past Due over 89 Days Still Accruing
Farmland | $ | 1,844 |  |  | $ | 51 |  |  | $ | 0 |
Owner-occupied, nonfarm nonresidential properties | 1,781 |  |  | 909 |  |  | 0 |
Commercial and Industrial | 6,657 |  |  | 464 |  |  | 0 |
Other construction loans and all land development and other land loans | 2,349 |  |  | 77 |  |  | 0 |
Multifamily (5 or more) residential properties | 288 |  |  | 0 |  |  | 0 |
Non-owner occupied, nonfarm nonresidential properties | 11,932 |  |  | 394 |  |  | 0 |
Home equity lines of credit | 685 |  |  | 685 |  |  | 0 |
Residential Mortgages secured by first liens | 4,175 |  |  | 3,495 |  |  | 283 |
Residential Mortgages secured by junior liens | 114 |  |  | 114 |  |  | 0 |
Other revolving credit plans | 6 |  |  | 6 |  |  | 0 |
Automobile | 32 |  |  | 32 |  |  | 0 |
Other consumer | 496 |  |  | 496 |  |  | 8 |
Credit cards | 0 |  |  | 0 |  |  | 34 |
Total loans | $ | 30,359 |  |  | $ | 6,723 |  |  | $ | 325 |
The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of December 31, 2019:
| December 31, 2019
| Nonaccrual |  | Past Due Over 90 Days Still on Accrual
Commercial, industrial, and agricultural | $ | 11,644 |  |  | 0 |
Commercial mortgages | 4,533 |  |  | 0 |
Residential real estate | 4,724 |  |  | 59 |
Consumer | 835 |  |  | 0 |
Credit cards | 0 |  |  | 2 |
Total | $ | 21,736 |  |  | $ | 61 |
Nonaccrual loans and loans past due over 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2020:
| Real Estate Collateral |  | Non-Real Estate Collateral
Farmland | $ | 1,793 |  |  | $ | 0 |
Owner-occupied, nonfarm nonresidential properties | 285 |  |  | 587 |
Commercial and Industrial | 594 |  |  | 5,600 |
Other construction loans and all land development and other land loans | 2,272 |  |  | 0 |
Multifamily (5 or more) residential properties | 288 |  |  | 0 |
Non-owner occupied, nonfarm nonresidential properties | 9,072 |  |  | 880 |
Residential Mortgages secured by first liens | 1,135 |  |  | 0 |
Total loans | $ | 15,439 |  |  | $ | 7,067 |
The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2020 by class of loans:
| 30 - 59 Days Past Due |  | 60 - 89 Days Past Due |  | Greater Than 89 Days Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total
Farmland | $ | 195 |  |  | $ | 0 |  |  | $ | 1,211 |  |  | $ | 1,406 |  |  | $ | 21,910 |  |  | $ | 23,316 |
Owner-occupied, nonfarm nonresidential properties | 10 |  |  | 885 |  |  | 732 |  |  | 1,627 |  |  | 406,297 |  |  | 407,924 |
Agricultural production and other loans to farmers | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2,664 |  |  | 2,664 |
Commercial and Industrial | 476 |  |  | 335 |  |  | 3,887 |  |  | 4,698 |  |  | 658,852 |  |  | 663,550 |
Obligations (other than securities and leases) of states and political subdivisions | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 132,818 |  |  | 132,818 |
Other loans | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 11,961 |  |  | 11,961 |
Other construction loans and all land development and other land loans | 0 |  |  | 0 |  |  | 1,917 |  |  | 1,917 |  |  | 203,817 |  |  | 205,734 |
Multifamily (5 or more) residential properties | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 212,815 |  |  | 212,815 |
Non-owner occupied, nonfarm nonresidential properties | 314 |  |  | 156 |  |  | 10,184 |  |  | 10,654 |  |  | 630,291 |  |  | 640,945 |
1-4 Family Construction | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 27,768 |  |  | 27,768 |
Home equity lines of credit | 166 |  |  | 235 |  |  | 486 |  |  | 887 |  |  | 108,557 |  |  | 109,444 |
Residential Mortgages secured by first liens | 2,834 |  |  | 629 |  |  | 1,911 |  |  | 5,374 |  |  | 771,656 |  |  | 777,030 |
Residential Mortgages secured by junior liens | 8 |  |  | 0 |  |  | 66 |  |  | 74 |  |  | 53,652 |  |  | 53,726 |
Other revolving credit plans | 36 |  |  | 19 |  |  | 0 |  |  | 55 |  |  | 25,452 |  |  | 25,507 |
Automobile | 73 |  |  | 0 |  |  | 9 |  |  | 82 |  |  | 25,262 |  |  | 25,344 |
Other consumer | 246 |  |  | 132 |  |  | 245 |  |  | 623 |  |  | 42,169 |  |  | 42,792 |
Credit cards | 72 |  |  | 39 |  |  | 34 |  |  | 145 |  |  | 7,970 |  |  | 8,115 |
Overdrafts | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 336 |  |  | 336 |
Total loans | $ | 4,430 |  |  | $ | 2,430 |  |  | $ | 20,682 |  |  | $ | 27,542 |  |  | $ | 3,344,247 |  |  | $ | 3,371,789 |
The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 by class of loans.
December 31, 2019 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater Than 89 Days Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total
Commercial, industrial, and agricultural | $ | 1,273 |  |  | $ | 548 |  |  | $ | 3,784 |  |  | $ | 5,605 |  |  | $ | 1,041,060 |  |  | $ | 1,046,665 |
Commercial mortgages | 162 |  |  | 183 |  |  | 2,594 |  |  | 2,939 |  |  | 811,063 |  |  | 814,002 |
Residential real estate | 3,383 |  |  | 1,270 |  |  | 2,714 |  |  | 7,367 |  |  | 806,663 |  |  | 814,030 |
Consumer | 412 |  |  | 311 |  |  | 415 |  |  | 1,138 |  |  | 123,647 |  |  | 124,785 |
Credit cards | 48 |  |  | 54 |  |  | 2 |  |  | 104 |  |  | 7,465 |  |  | 7,569 |
Overdrafts | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2,146 |  |  | 2,146 |
Total | $ | 5,278 |  |  | $ | 2,366 |  |  | $ | 9,509 |  |  | $ | 17,153 |  |  | $ | 2,792,044 |  |  | $ | 2,809,197 |
Troubled Debt Restructurings In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without a loan modification. This evaluation is performed using the Corporation’s internal underwriting policies. The Corporation has no further loan commitments to customers whose loans are classified as a troubled debt restructuring. During the years ended December 31, 2020 and December 31, 2019, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included either or both of the following: a reduction of the stated interest rate of the loan; or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. The Corporation had an amortized cost in troubled debt restructurings of $15,088 and $10,951 as of December 31, 2020 and 2019, respectively. The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2020, December 31, 2019, and December 31, 2018:
| Year Ended December 31, 2020
| Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Owner-occupied, nonfarm nonresidential properties | 1 |  |  | $ | 260 |  |  | $ | 260 |
Commercial and Industrial | 6 |  |  | 1,140 |  |  | 1,140 |
Other construction loans and all land development and other land loans | 1 |  |  | 46 |  |  | 46 |
Non-owner occupied, nonfarm nonresidential properties | 1 |  |  | 3,684 |  |  | 3,684 |
Residential Mortgages secured by first liens | 2 |  |  | 309 |  |  | 309 |
Total loans | 11 |  |  | $ | 5,439 |  |  | $ | 5,439 |
| Year Ended December 31, 2019
| Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Commercial, industrial, and agricultural | 0 |  |  | $ | 0 |  |  | $ | 0 |
Commercial mortgages | 1 |  |  | 383 |  |  | 383 |
Residential real estate | 0 |  |  | 0 |  |  | 0 |
Consumer | 0 |  |  | 0 |  |  | 0 |
Credit cards | 0 |  |  | 0 |  |  | 0 |
Total | 1 |  |  | $ | 383 |  |  | $ | 383 |
| Year Ended December 31, 2018
| Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Commercial, industrial, and agricultural | 0 |  |  | $ | 0 |  |  | $ | 0 |
Commercial mortgages | 5 |  |  | 1,570 |  |  | 1,570 |
Residential real estate | 0 |  |  | 0 |  |  | 0 |
Consumer | 0 |  |  | 0 |  |  | 0 |
Credit cards | 0 |  |  | 0 |  |  | 0 |
Total | 5 |  |  | $ | 1,570 |  |  | $ | 1,570 |
The troubled debt restructurings described above increased the allowance for credit losses by $0, $0 and $351 during the years ended December 31, 2020, December 31, 2019, and December 31, 2018, respectively. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. All loans modified in troubled debt restructurings are performing in accordance with their modified terms as of December 31, 2020 and December 31, 2019 and no principal balances were forgiven in connection with the loan restructurings. Generally, nonperforming troubled debt restructurings are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Credit Quality Indicators The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually to classify the loans as to credit risk. The Corporation uses the following definitions for risk ratings: Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Corporation’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following tables detail the amortized cost of loans, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2020. The current period originations may include modifications, extensions and renewals.
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
Farmland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,617 |  |  | $ | 4,448 |  |  | $ | 3,767 |  |  | $ | 3,648 |  |  | $ | 894 |  |  | $ | 5,280 |  |  | $ | 662 |  |  | $ | 0 |  |  | $ | 20,316 |
Special mention | 1,156 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,156 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 51 |  |  | 582 |  |  | 1,211 |  |  | 0 |  |  | 0 |  |  | 1,844 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 2,773 |  |  | $ | 4,448 |  |  | $ | 3,767 |  |  | $ | 3,699 |  |  | $ | 1,476 |  |  | $ | 6,491 |  |  | $ | 662 |  |  | $ | 0 |  |  | $ | 23,316 |
Owner-occupied, nonfarm nonresidential properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 86,694 |  |  | $ | 109,228 |  |  | $ | 52,818 |  |  | $ | 56,948 |  |  | $ | 26,119 |  |  | $ | 50,839 |  |  | $ | 9,253 |  |  | $ | 0 |  |  | $ | 391,899 |
Special mention | 0 |  |  | 452 |  |  | 74 |  |  | 541 |  |  | 318 |  |  | 1,310 |  |  | 131 |  |  | 0 |  |  | 2,826 |
Substandard | 1,021 |  |  | 2,449 |  |  | 2,438 |  |  | 938 |  |  | 3,675 |  |  | 2,430 |  |  | 248 |  |  | 0 |  |  | 13,199 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 87,715 |  |  | $ | 112,129 |  |  | $ | 55,330 |  |  | $ | 58,427 |  |  | $ | 30,112 |  |  | $ | 54,579 |  |  | $ | 9,632 |  |  | $ | 0 |  |  | $ | 407,924 |
Agricultural production and other loans to farmers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 267 |  |  | $ | 155 |  |  | $ | 601 |  |  | $ | 0 |  |  | $ | 54 |  |  | $ | 0 |  |  | $ | 1,587 |  |  | $ | 0 |  |  | $ | 2,664 |
Special mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 267 |  |  | $ | 155 |  |  | $ | 601 |  |  | $ | 0 |  |  | $ | 54 |  |  | $ | 0 |  |  | $ | 1,587 |  |  | $ | 0 |  |  | $ | 2,664 |
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 318,323 |  |  | $ | 54,620 |  |  | $ | 46,854 |  |  | $ | 32,426 |  |  | $ | 7,197 |  |  | $ | 7,265 |  |  | $ | 170,386 |  |  | $ | 0 |  |  | $ | 637,071 |
Special mention | 127 |  |  | 1,017 |  |  | 3,489 |  |  | 712 |  |  | 300 |  |  | 1,033 |  |  | 4,690 |  |  | 0 |  |  | 11,368 |
Substandard | 801 |  |  | 1,916 |  |  | 1,212 |  |  | 112 |  |  | 37 |  |  | 4,858 |  |  | 6,175 |  |  | 0 |  |  | 15,111 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 319,251 |  |  | $ | 57,553 |  |  | $ | 51,555 |  |  | $ | 33,250 |  |  | $ | 7,534 |  |  | $ | 13,156 |  |  | $ | 181,251 |  |  | $ | 0 |  |  | $ | 663,550 |
Obligations (other than securities and leases) of states and political subdivisions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 10,722 |  |  | $ | 12,279 |  |  | $ | 35,176 |  |  | $ | 20,891 |  |  | $ | 19,365 |  |  | $ | 24,789 |  |  | $ | 8,888 |  |  | $ | 0 |  |  | $ | 132,110 |
Special mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Substandard | 708 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 708 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 11,430 |  |  | $ | 12,279 |  |  | $ | 35,176 |  |  | $ | 20,891 |  |  | $ | 19,365 |  |  | $ | 24,789 |  |  | $ | 8,888 |  |  | $ | 0 |  |  | $ | 132,818 |
Other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 7,268 |  |  | $ | 1,237 |  |  | $ | 386 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 3,070 |  |  | $ | 0 |  |  | $ | 11,961 |
Special mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 7,268 |  |  | $ | 1,237 |  |  | $ | 386 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 3,070 |  |  | $ | 0 |  |  | $ | 11,961 |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
Other construction loans and all land development and other land loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 119,380 |  |  | $ | 52,078 |  |  | $ | 19,977 |  |  | $ | 2,300 |  |  | $ | 28 |  |  | $ | 1,895 |  |  | $ | 2,548 |  |  | $ | 0 |  |  | $ | 198,206 |
Special mention | 1,417 |  |  | 672 |  |  | 29 |  |  | 3,303 |  |  | 0 |  |  | 190 |  |  | 0 |  |  | 0 |  |  | 5,611 |
Substandard | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,840 |  |  | 77 |  |  | 0 |  |  | 1,917 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 120,797 |  |  | $ | 52,750 |  |  | $ | 20,006 |  |  | $ | 5,603 |  |  | $ | 28 |  |  | $ | 3,925 |  |  | $ | 2,625 |  |  | $ | 0 |  |  | $ | 205,734 |
Multifamily (5 or more) residential properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 73,572 |  |  | $ | 39,633 |  |  | $ | 26,230 |  |  | $ | 49,178 |  |  | $ | 4,086 |  |  | $ | 16,957 |  |  | $ | 1,907 |  |  | $ | 0 |  |  | $ | 211,563 |
Special mention | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Substandard | 6 |  |  | 753 |  |  | 288 |  |  | 205 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1,252 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 73,578 |  |  | $ | 40,386 |  |  | $ | 26,518 |  |  | $ | 49,383 |  |  | $ | 4,086 |  |  | $ | 16,957 |  |  | $ | 1,907 |  |  | $ | 0 |  |  | $ | 212,815 |
Non-owner occupied, nonfarm nonresidential properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 161,045 |  |  | $ | 127,518 |  |  | $ | 89,520 |  |  | $ | 55,966 |  |  | $ | 44,959 |  |  | $ | 105,962 |  |  | $ | 9,633 |  |  | $ | 0 |  |  | $ | 594,603 |
Special mention | 99 |  |  | 895 |  |  | 2,111 |  |  | 3,969 |  |  | 835 |  |  | 4,137 |  |  | 450 |  |  | 0 |  |  | 12,496 |
Substandard | 0 |  |  | 12,325 |  |  | 326 |  |  | 7,584 |  |  | 722 |  |  | 12,289 |  |  | 600 |  |  | 0 |  |  | 33,846 |
Doubtful | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 161,144 |  |  | $ | 140,738 |  |  | $ | 91,957 |  |  | $ | 67,519 |  |  | $ | 46,516 |  |  | $ | 122,388 |  |  | $ | 10,683 |  |  | $ | 0 |  |  | $ | 640,945 |
Loans not rated as special mention, substandard, or doubtful are considered to be pass rated loans. All loans included in the following tables have been assigned a risk rating within 12 months of the balance sheet date.
December 31, 2019 | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Total
Commercial, industrial, and agricultural | $ | 1,004,445 |  |  | $ | 16,696 |  |  | $ | 25,524 |  |  | $ | 0 |  |  | $ | 1,046,665 |
Commercial mortgages | 780,798 |  |  | 18,837 |  |  | 14,367 |  |  | 0 |  |  | 814,002 |
Total | $ | 1,785,243 |  |  | $ | 35,533 |  |  | $ | 39,891 |  |  | $ | 0 |  |  | $ | 1,860,667 |
The Corporation considers the performance of the loan portfolio and its impact on the allowance for credit losses. For 1-4 family construction, home equity lines of credit, residential mortgages secured by first liens, residential mortgages secured by junior liens, automobile, credit cards, other revolving credit plans and other consumer segments, the Corporation also evaluates credit quality based on the performance status the loan, which was previously presented, and by payment activity. Nonperforming loans include loans on nonaccrual status and loans past due over 90 days and still accruing interest. The following tables detail the amortized cost of loans, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2020. The current period originations may include modifications, extensions and renewals.
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
1-4 Family Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 16,081 |  |  | $ | 11,547 |  |  | $ | 140 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 27,768 |
Nonperforming | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total | $ | 16,081 |  |  | $ | 11,547 |  |  | $ | 140 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 27,768 |
Home equity lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 19,764 |  |  | $ | 12,823 |  |  | $ | 12,842 |  |  | $ | 8,793 |  |  | $ | 8,182 |  |  | $ | 42,514 |  |  | $ | 3,841 |  |  | $ | 0 |  |  | $ | 108,759 |
Nonperforming | 0 |  |  | 0 |  |  | 0 |  |  | 302 |  |  | 33 |  |  | 350 |  |  | 0 |  |  | 0 |  |  | 685 |
Total | $ | 19,764 |  |  | $ | 12,823 |  |  | $ | 12,842 |  |  | $ | 9,095 |  |  | $ | 8,215 |  |  | $ | 42,864 |  |  | $ | 3,841 |  |  | $ | 0 |  |  | $ | 109,444 |
Residential mortgages secured by first lien |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 211,910 |  |  | $ | 136,181 |  |  | $ | 93,588 |  |  | $ | 99,520 |  |  | $ | 62,312 |  |  | $ | 163,556 |  |  | $ | 5,505 |  |  | $ | 0 |  |  | $ | 772,572 |
Nonperforming | 0 |  |  | 84 |  |  | 887 |  |  | 143 |  |  | 61 |  |  | 3,261 |  |  | 22 |  |  | 0 |  |  | 4,458 |
Total | $ | 211,910 |  |  | $ | 136,265 |  |  | $ | 94,475 |  |  | $ | 99,663 |  |  | $ | 62,373 |  |  | $ | 166,817 |  |  | $ | 5,527 |  |  | $ | 0 |  |  | $ | 777,030 |
Residential mortgages secured by junior liens |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 14,552 |  |  | $ | 12,255 |  |  | $ | 7,031 |  |  | $ | 5,660 |  |  | $ | 3,347 |  |  | $ | 10,389 |  |  | $ | 378 |  |  | $ | 0 |  |  | $ | 53,612 |
Nonperforming | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 19 |  |  | 95 |  |  | 0 |  |  | 0 |  |  | 114 |
Total | $ | 14,552 |  |  | $ | 12,255 |  |  | $ | 7,031 |  |  | $ | 5,660 |  |  | $ | 3,366 |  |  | $ | 10,484 |  |  | $ | 378 |  |  | $ | 0 |  |  | $ | 53,726 |
Other revolving credit plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 4,088 |  |  | $ | 4,516 |  |  | $ | 3,320 |  |  | $ | 3,149 |  |  | $ | 1,301 |  |  | $ | 9,127 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 25,501 |
Nonperforming | 0 |  |  | 0 |  |  | 4 |  |  | 0 |  |  | 0 |  |  | 2 |  |  | 0 |  |  | 0 |  |  | 6 |
Total | $ | 4,088 |  |  | $ | 4,516 |  |  | $ | 3,324 |  |  | $ | 3,149 |  |  | $ | 1,301 |  |  | $ | 9,129 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 25,507 |
Automobile |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 8,965 |  |  | $ | 8,595 |  |  | $ | 4,652 |  |  | $ | 1,635 |  |  | $ | 764 |  |  | $ | 701 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 25,312 |
Nonperforming | 0 |  |  | 4 |  |  | 0 |  |  | 6 |  |  | 0 |  |  | 22 |  |  | 0 |  |  | 0 |  |  | 32 |
Total | $ | 8,965 |  |  | $ | 8,599 |  |  | $ | 4,652 |  |  | $ | 1,641 |  |  | $ | 764 |  |  | $ | 723 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 25,344 |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 24,857 |  |  | $ | 11,183 |  |  | $ | 3,579 |  |  | $ | 796 |  |  | $ | 218 |  | 1 |  | $ | 1,654 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 42,288 |
Nonperforming | 82 |  |  | 264 |  |  | 75 |  |  | 13 |  |  | 0 |  |  | 70 |  |  | 0 |  |  | 0 |  |  | 504 |
Total | $ | 24,939 |  |  | $ | 11,447 |  |  | $ | 3,654 |  |  | $ | 809 |  |  | $ | 218 |  |  | $ | 1,724 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 42,792 |
| December 31, 2020
| Consumer
Credit card |
Payment performance |
Performing | $ | 8,081 |
Nonperforming | 34 |
Total | $ | 8,115 |
The following table presents the recorded investment in residential, consumer, and credit card loans based on performance status as of December 31, 2019:
| December 31, 2019
| Residential Real Estate |  | Consumer |  | Credit Cards
Performing | $ | 809,247 |  |  | $ | 123,950 |  |  | $ | 7,567 |
Nonperforming | 4,783 |  |  | 835 |  |  | 2 |
Total | $ | 814,030 |  |  | $ | 124,785 |  |  | $ | 7,569 |
Purchased Credit Deteriorated Loans The Corporation has purchased loans, 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:
| July 17, 2020
Purchase price of loans at acquisition | $ | 21,768 |
Allowance for credit losses at acquisition | 980 |
Non-credit discount / (premium) at acquisition | 1,063 |
Par value of acquired loans at acquisition | $ | 23,811 |
The Corporation’s portfolio of residential real estate and consumer loans maintained within Holiday Financial Services Corporation ("Holiday"), a subsidiary that offers small balance unsecured and secured loans, primarily collateralized by automobiles and equipment, to borrowers with higher risk characteristics than are typical in the Bank’s consumer loan portfolio, are considered to be subprime loans. Holiday’s loan portfolio, included in consumer loans above, is summarized as follows at December 31, 2020 and December 31, 2019:
| December 31, 2020 |  | December 31, 2019
Gross consumer loans | $ | 27,998 |  |  | $ | 28,122 |
Less: unearned discounts | (5,181) |  |  | (5,162) |
Total consumer loans, net of unearned discounts | $ | 22,817 |  |  | $ | 22,960 |

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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