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Loans
 9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Loans LOANS
Total net loans at September 30, 2021 and December 31, 2020 are summarized as follows:
September 30, 2021Percentage
of Total		December 31, 2020Percentage
of Total
Farmland
$23,417 0.7 %$23,316 0.7 %
Owner-occupied, nonfarm nonresidential properties
421,439 12.0 %407,924 12.1 %
Agricultural production and other loans to farmers
1,387 0.0 %2,664 0.1 %
Commercial and Industrial 1
663,769 18.9 %663,550 19.7 %
Obligations (other than securities and leases) of states and political subdivisions
139,253 4.0 %132,818 3.9 %
Other loans
12,087 0.3 %11,961 0.4 %
Other construction loans and all land development and other land loans280,262 8.0 %205,734 6.1 %
Multifamily (5 or more) residential properties
213,906 6.1 %212,815 6.3 %
Non-owner occupied, nonfarm nonresidential properties
645,951 18.4 %640,945 19.0 %
1-4 Family Construction31,775 0.9 %27,768 0.8 %
Home equity lines of credit107,225 3.1 %109,444 3.2 %
Residential Mortgages secured by first liens810,190 23.1 %777,030 23.0 %
Residential Mortgages secured by junior liens57,342 1.6 %53,726 1.6 %
Other revolving credit plans26,226 0.7 %25,507 0.8 %
Automobile22,311 0.6 %25,344 0.8 %
Other consumer45,003 1.3 %42,792 1.3 %
Credit cards9,313 0.3 %8,115 0.2 %
Overdrafts269 0.0 %336 0.0 %
Total loans$3,511,125 100.0 %$3,371,789 100.0 %
Less: Allowance for credit losses(37,230)(34,340)
Loans, net$3,473,895 $3,337,449 
Net deferred loan origination fees (costs) included in the above loan table$7,872 $8,789 
1 PPP loans, net of deferred PPP processing fees, both those disbursed in 2020 and those disbursed in 2021, are included in the Commercial and Industrial classification.

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. Beginning with the quarter ended December 31, 2020, the Corporation adopted ASC 326 and subsequent results are presented using the current expected credit losses (“CECL”) methodology. Prior to the quarter ended December 31, 2020, the results were reported in accordance with the incurred loss methodology and have not been restated.

PPP loans, both those disbursed in 2020 and those disbursed in 2021, are included in the commercial and industrial classification and, as the PPP loans are fully guaranteed by the Small Business Administration, no required allowance for credit losses was recorded against the PPP loans, net of deferred PPP processing fees, outstanding of $85,354 and $222,972 as of September 30, 2021 and 2020, respectively.
Transactions in the allowance for credit losses for the three months ended September 30, 2021 were as follows:
Beginning
Allowance		(Charge-offs)RecoveriesProvision (Benefit) for Credit Loss ExpenseEnding Allowance
Farmland
$124 $0 $0 $(26)$98 
Owner-occupied, nonfarm nonresidential properties
2,880 0 3 154 3,037 
Agricultural production and other loans to farmers
12 0 0 (5)7 
Commercial and Industrial
7,312 (23)52 989 8,330 
Obligations (other than securities and leases) of states and political subdivisions
2,325 (157)0 (289)1,879 
Other loans
117 0 0 (15)102 
Other construction loans and all land development and other land loans2,364 (282)0 287 2,369 
Multifamily (5 or more) residential properties
2,314 0 0 (219)2,095 
Non-owner occupied, nonfarm nonresidential properties
10,162 (18)0 (2,865)7,279 
1-4 Family Construction110 0 0 116 226 
Home equity lines of credit1,029 (7)1 197 1,220 
Residential Mortgages secured by first liens4,398 (5)2 2,030 6,425 
Residential Mortgages secured by junior liens408 (3)0 144 549 
Other revolving credit plans459 (5)4 70 528 
Automobile241 (12)0 49 278 
Other consumer2,402 (268)25 331 2,490 
Credit cards68 (5)6 43 112 
Overdrafts183 (127)41 109 206 
Total loans$36,908 $(912)$134 $1,100 $37,230 

Transactions in the allowance for credit losses for the nine months ended September 30, 2021 were as follows:
Beginning
Allowance		(Charge-offs)RecoveriesProvision (Benefit) for Credit Loss ExpenseEnding Allowance
Farmland
$221 $0 $0 $(123)$98 
Owner-occupied, nonfarm nonresidential properties
3,700 (531)8 (140)3,037 
Agricultural production and other loans to farmers
24 0 0 (17)7 
Commercial and Industrial
6,233 (93)72 2,118 8,330 
Obligations (other than securities and leases) of states and political subdivisions
998 (407)0 1,288 1,879 
Other loans
68 0 0 34 102 
Other construction loans and all land development and other land loans1,956 (282)0 695 2,369 
Multifamily (5 or more) residential properties
2,724 0 0 (629)2,095 
Non-owner occupied, nonfarm nonresidential properties
8,658 (18)0 (1,361)7,279 
1-4 Family Construction82 0 0 144 226 
Home equity lines of credit985 (7)3 239 1,220 
Residential Mortgages secured by first liens4,539 (75)34 1,927 6,425 
Residential Mortgages secured by junior liens241 (3)0 311 549 
Other revolving credit plans507 (28)9 40 528 
Automobile132 (17)3 160 278 
Other consumer2,962 (829)120 237 2,490 
Credit cards66 (77)17 106 112 
Overdrafts244 (318)120 160 206 
Total loans$34,340 $(2,685)$386 $5,189 $37,230 

The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, delinquency status and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. For the three and nine months ended September 30, 2021, the allowance for credit losses increased due to the growth in the Corporation's loan portfolio, changes in historical loss rates and quantitative inputs including the unemployment forecast and prepayment speeds, coupled with qualitative adjustments in the Corporation's residential and consumer loan portfolios, growth in new market areas, as well as continued uncertainty with the pandemic and economic environment, partially offset by the impact of net charge-offs and improvements or resolutions in the Corporation's individually evaluated loans.
Transactions in the allowance for loan losses for the three months ended September 30, 2020 were as follows:
Commercial, Industrial 
and Agricultural		Commercial
Mortgages		Residential
Real
Estate		ConsumerCredit
Cards		OverdraftsTotal
Allowance for loan losses, July 1, 2020$9,802 $9,628 $2,676 $2,140 $114 $169 $24,529 
Charge-offs(62)(522)(69)(305)(48)(102)(1,108)
Recoveries15 3 64 45 2 31 160 
Provision for loan losses(106)2,052 941 329 75 15 3,306 
Allowance for loan losses, September 30, 2020$9,649 $11,161 $3,612 $2,209 $143 $113 $26,887 

Transactions in the allowance for loan losses for the nine months ended September 30, 2020 were as follows:
Commercial, Industrial 
and Agricultural		Commercial
Mortgages		Residential
Real
Estate		ConsumerCredit
Cards		OverdraftsTotal
Allowance for loan losses, January 1, 2020$8,287 $6,952 $1,499 $2,411 $84 $240 $19,473 
Charge-offs(2,710)(522)(231)(1,310)(120)(316)(5,209)
Recoveries40 177 67 126 13 135 558 
Provision for loan losses4,032 4,554 2,277 982 166 54 12,065 
Allowance for loan losses, September 30, 2020$9,649 $11,161 $3,612 $2,209 $143 $113 $26,887 

The unpaid principal balance of impaired loans includes the Corporation’s recorded investment in the loan and amounts that have been recorded as charge-offs.
 Three months ended September 30, 2020Nine months ended September 30, 2020
Average
Recorded
Investment		Interest
Income
Recognized		Cash Basis
Interest
Recognized		Average
Recorded
Investment		Interest
Income
Recognized		Cash Basis
Interest
Recognized
With an allowance recorded:
Commercial, industrial and agricultural$2,409 $33 $33 $3,341 $78 $78 
Commercial mortgage$4,002 $0 $0 4,166 41 41 
Residential real estate$819 $11 $11 641 16 16 
With no related allowance recorded:
Commercial, industrial and agricultural$5,623 $51 $51 6,392 142 142 
Commercial mortgage$14,758 $59 $59 12,178 283 283 
Residential real estate$112 $4 $4 56 6 6 
Total$27,723 $158 $158 $26,774 $566 $566 
The following tables presents the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of September 30, 2021 and December 31, 2020, respectively:
September 30, 2021
NonaccrualNonaccrual With No Allowance for Credit LossLoans Past Due over 89 Days Still Accruing
Farmland
$992 $992 $0 
Owner-occupied, nonfarm nonresidential properties
1,344 1,244 0 
Commercial and Industrial
5,796 1,249 0 
Obligations (other than securities and leases) of states and political subdivisions
269 269 0 
Other construction loans and all land development and other land loans516 77 0 
Multifamily (5 or more) residential properties
1,155 5 0 
Non-owner occupied, nonfarm nonresidential properties
5,390 3,763 0 
Home equity lines of credit780 780 39 
Residential Mortgages secured by first liens3,098 3,098 652 
Residential Mortgages secured by junior liens157 157 0 
Other revolving credit plans9 9 0 
Other consumer498 498 0 
Credit cards0 0 33 
Total loans$20,004 $12,141 $724 
December 31, 2020
NonaccrualNonaccrual With No Allowance for Credit LossLoans Past Due over 89 Days Still Accruing
Farmland
$1,844 $633 $0 
Owner-occupied, nonfarm nonresidential properties
1,781 967 0 
Commercial and Industrial
6,657 959 0 
Other construction loans and all land development and other land loans2,349 77 0 
Multifamily (5 or more) residential properties
288 0 0 
Non-owner occupied, nonfarm nonresidential properties
11,932 9,466 0 
Home equity lines of credit685 685 0 
Residential Mortgages secured by first liens4,175 3,495 283 
Residential Mortgages secured by junior liens114 114 0 
Other revolving credit plans6 6 0 
Automobile32 32 0 
Other consumer496 496 8 
Credit cards0 0 34 
Total loans$30,359 $16,930 $325 

All payments received while on nonaccrual status are applied against the principal balance of the loan. The Corporation does not recognize interest income while loans are on nonaccrual status.

The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of September 30, 2021:
Real Estate CollateralNon-Real Estate Collateral
Farmland
$945 $0 
Owner-occupied, nonfarm nonresidential properties
218 17 
Commercial and Industrial
0 2,415 
Obligations (other than securities and leases) of states and political subdivisions
269 0 
Other construction loans and all land development and other land loans439 0 
Multifamily (5 or more) residential properties
1,150 0 
Non-owner occupied, nonfarm nonresidential properties
3,410 0 
Residential Mortgages secured by first liens441 0 
Total loans$6,872 $2,432 
The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2020:
Real Estate CollateralNon-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 loans2,272 0 
Multifamily (5 or more) residential properties
288 0 
Non-owner occupied, nonfarm nonresidential properties
9,072 880 
Residential Mortgages secured by first liens1,135 0 
Total loans$15,439 $7,067 

The following table presents the aging of the amortized cost basis in past-due loans as of September 30, 2021 by class of loans:
30 - 59
Days Past Due		60 - 89
Days Past Due		Greater Than 89
Days Past Due		Total Past DueLoans Not Past DueTotal
Farmland
$163 $388 $0 $551 $22,866 $23,417 
Owner-occupied, nonfarm nonresidential properties
533 0 826 1,359 420,080 421,439 
Agricultural production and other loans to farmers
0 0 0 0 1,387 1,387 
Commercial and Industrial
370 25 212 607 663,162 663,769 
Obligations (other than securities and leases) of states and political subdivisions
0 0 0 0 139,253 139,253 
Other loans
0 0 0 0 12,087 12,087 
Other construction loans and all land development and other land loans0 0 77 77 280,185 280,262 
Multifamily (5 or more) residential properties
0 0 209 209 213,697 213,906 
Non-owner occupied, nonfarm nonresidential properties
0 0 1,827 1,827 644,124 645,951 
1-4 Family Construction0 0 0 0 31,775 31,775 
Home equity lines of credit385 38 152 575 106,650 107,225 
Residential Mortgages secured by first liens1,350 592 1,841 3,783 806,407 810,190 
Residential Mortgages secured by junior liens25 0 11 36 57,306 57,342 
Other revolving credit plans100 7 0 107 26,119 26,226 
Automobile24 5 0 29 22,282 22,311 
Other consumer290 163 217 670 44,333 45,003 
Credit cards55 1 33 89 9,224 9,313 
Overdrafts0 0 0 0 269 269 
Total loans$3,295 $1,219 $5,405 $9,919 $3,501,206 $3,511,125 
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 DueLoans Not Past DueTotal
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 loans0 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 Construction0 0 0 0 27,768 27,768 
Home equity lines of credit166 235 486 887 108,557 109,444 
Residential Mortgages secured by first liens2,834 629 1,911 5,374 771,656 777,030 
Residential Mortgages secured by junior liens8 0 66 74 53,652 53,726 
Other revolving credit plans36 19 0 55 25,452 25,507 
Automobile73 0 9 82 25,262 25,344 
Other consumer246 132 245 623 42,169 42,792 
Credit cards72 39 34 145 7,970 8,115 
Overdrafts0 0 0 0 336 336 
Total loans$4,430 $2,430 $20,682 $27,542 $3,344,247 $3,371,789 

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.

As of September 30, 2021 and December 31, 2020, 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 $15,302 and $15,088 as of September 30, 2021 and December 31, 2020, respectively. The Corporation has allocated $1,181 and $779 of allowance for those loans as of September 30, 2021 and December 31, 2020, respectively.

There were no loans modified as troubled debt restructurings during the three months ended September 30, 2021. There were three loans modified as troubled debt restructurings during the nine months ended September 30, 2021:
Nine Months Ended September 30, 2021
Number of
Loans		Pre-Modification
Outstanding Recorded
Investment		Post-Modification
Outstanding Recorded
Investment
Commercial and Industrial
1 $578 $578 
Multifamily (5 or more) residential properties
1 717 717 
Non-owner occupied, nonfarm nonresidential properties
1 1,604 1,604 
Total loans3 $2,899 $2,899 
There was one loan modified as a troubled debt restructuring during the three months ended September 30, 2020.
 Three months ended September 30, 2020
 Number of
Loans		Pre-Modification Outstanding Recorded Investment
Balance		Post-Modification Outstanding Recorded Investment
Reserve
Commercial mortgages1 $46 $46 
Total1 $46 $46 

There were ten loans modified as troubled debt restructurings during the nine months ended September 30, 2020.
 Nine months ended September 30, 2020
 Number of
Loans		Pre-Modification Outstanding Recorded Investment
Balance		Post-Modification Outstanding Recorded Investment
Reserve
Commercial, industrial and agricultural8 $1,593 $1,593 
Commercial mortgages1 46 46 
Residential real estate1 116 116 
Total10 $1,755 $1,755 

The troubled debt restructurings described above increased the allowance for credit losses by an immaterial amount for the three and nine months ended September 30, 2021 and 2020, respectively.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no loans modified as troubled debt restructurings for which there was a payment default within a twelve-month cycle following the modification during the three and nine months ended September 30, 2021 and September 30, 2020. There were no principal balances 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 represent the Corporation's credit risk profile by risk rating. Loans not rated as special mention, substandard, or doubtful are considered to be pass rated loans.
September 30, 2021
Non-Pass Rated
PassSpecial MentionSubstandardDoubtfulTotal Non-PassTotal
Farmland
$20,911 $1,514 $992 $0 $2,506 $23,417 
Owner-occupied, nonfarm nonresidential properties
404,770 6,574 10,095 0 16,669 421,439 
Agricultural production and other loans to farmers
1,387 0 0 0 0 1,387 
Commercial and Industrial
640,507 8,724 13,115 1,423 23,262 663,769 
Obligations (other than securities and leases) of states and political subdivisions
138,984 0 269 0 269 139,253 
Other loans
12,087 0 0 0 0 12,087 
Other construction loans and all land development and other land loans275,222 4,495 545 0 5,040 280,262 
Multifamily (5 or more) residential properties
212,750 0 1,156 0 1,156 213,906 
Non-owner occupied, nonfarm nonresidential properties
612,906 7,434 25,611 0 33,045 645,951 
Total loans$2,319,524 $28,741 $51,783 $1,423 $81,947 $2,401,471 

December 31, 2020
Non-Pass Rated
PassSpecial MentionSubstandardDoubtfulTotal Non-PassTotal
Farmland
$20,316 $1,156 $1,844 $0 $3,000 $23,316 
Owner-occupied, nonfarm nonresidential properties
391,899 2,826 13,199 0 16,025 407,924 
Agricultural production and other loans to farmers
2,664 0 0 0 0 2,664 
Commercial and Industrial
637,071 11,368 15,111 0 26,479 663,550 
Obligations (other than securities and leases) of states and political subdivisions
132,110 0 708 0 708 132,818 
Other loans
11,961 0 0 0 0 11,961 
Other construction loans and all land development and other land loans198,206 5,611 1,917 0 7,528 205,734 
Multifamily (5 or more) residential properties
211,563 0 1,252 0 1,252 212,815 
Non-owner occupied, nonfarm nonresidential properties
594,603 12,496 33,846 0 46,342 640,945 
Total loans$2,200,393 $33,457 $67,877 $0 $101,334 $2,301,727 
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 September 30, 2021. The current period originations may include modifications, extensions and renewals.
Term Loans Amortized Cost Basis by Origination Year
20212020201920182017PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Farmland
Risk rating
Pass$7,400 $1,744 $3,291 $3,633 $588 $3,668 $587 $0 $20,911 
Special mention0 0 0 0 394 1,120 0 0 1,514 
Substandard0 0 0 0 47 945 0 0 992 
Doubtful0 0 0 0 0 0 0 0 0 
Total$7,400 $1,744 $3,291 $3,633 $1,029 $5,733 $587 $0 $23,417 
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass$94,875 $87,579 $80,317 $34,805 $43,282 $55,306 $8,606 $0 $404,770 
Special mention0 0 911 4,332 139 1,182 10 0 6,574 
Substandard525 902 2,258 650 358 5,214 188 0 10,095 
Doubtful0 0 0 0 0 0 0 0 0 
Total$95,400 $88,481 $83,486 $39,787 $43,779 $61,702 $8,804 $0 $421,439 
Agricultural production and other loans to farmers
Risk rating
Pass$133 $128 $80 $200 $0 $11 $835 $0 $1,387 
Special mention0 0 0 0 0 0 0 0 0 
Substandard0 0 0 0 0 0 0 0 0 
Doubtful0 0 0 0 0 0 0 0 0 
Total$133 $128 $80 $200 $0 $11 $835 $0 $1,387 
Commercial and Industrial
Risk rating
Pass$279,839 $91,409 $38,688 $17,815 $13,268 $6,183 $193,305 $0 $640,507 
Special mention0 384 861 967 175 874 5,463 0 8,724 
Substandard621 810 1,907 472 102 3,632 5,571 0 13,115 
Doubtful0 0 0 0 0 1,423 0 0 1,423 
Total$280,460 $92,603 $41,456 $19,254 $13,545 $12,112 $204,339 $0 $663,769 
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass$27,893 $16,938 $8,910 $22,504 $20,303 $37,882 $4,554 $0 $138,984 
Special mention0 0 0 0 0 0 0 0 0 
Substandard0 269 0 0 0 0 0 0 269 
Doubtful0 0 0 0 0 0 0 0 0 
Total$27,893 $17,207 $8,910 $22,504 $20,303 $37,882 $4,554 $0 $139,253 
Other loans
Risk rating
Pass$594 $7,456 $596 $2 $0 $0 $3,439 $0 $12,087 
Special mention0 0 0 0 0 0 0 0 0 
Substandard0 0 0 0 0 0 0 0 0 
Doubtful0 0 0 0 0 0 0 0 0 
Total$594 $7,456 $596 $2 $0 $0 $3,439 $0 $12,087 
Term Loans Amortized Cost Basis by Origination Year
20212020201920182017PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Other construction loans and all land development and other land loans
Risk rating
Pass$61,332 $154,174 $41,789 $11,252 $882 $1,035 $4,758 $0 $275,222 
Special mention1,500 0 656 0 2,339 0 0 0 4,495 
Substandard0 0 0 29 439 0 77 0 545 
Doubtful0 0 0 0 0 0 0 0 0 
Total$62,832 $154,174 $42,445 $11,281 $3,660 $1,035 $4,835 $0 $280,262 
Multifamily (5 or more) residential properties
Risk rating
Pass$59,809 $58,167 $32,515 $8,303 $38,416 $13,188 $2,352 $0 $212,750 
Special mention0 0 0 0 0 0 0 0 0 
Substandard0 6 693 253 204 0 0 0 1,156 
Doubtful0 0 0 0 0 0 0 0 0 
Total$59,809 $58,173 $33,208 $8,556 $38,620 $13,188 $2,352 $0 $213,906 
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass$131,098 $135,960 $88,632 $66,343 $49,630 $131,164 $10,079 $0 $612,906 
Special mention0 0 433 1,017 191 5,343 450 0 7,434 
Substandard834 0 3,867 1,667 7,155 11,748 340 0 25,611 
Doubtful0 0 0 0 0 0 0 0 0 
Total$131,932 $135,960 $92,932 $69,027 $56,976 $148,255 $10,869 $0 $645,951 
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
20202019201820172016PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Farmland
Risk rating
Pass$1,617 $4,448 $3,767 $3,648 $894 $5,280 $662 $0 $20,316 
Special mention1,156 0 0 0 0 0 0 0 1,156 
Substandard0 0 0 51 582 1,211 0 0 1,844 
Doubtful0 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 mention0 452 74 541 318 1,310 131 0 2,826 
Substandard1,021 2,449 2,438 938 3,675 2,430 248 0 13,199 
Doubtful0 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 mention0 0 0 0 0 0 0 0 0 
Substandard0 0 0 0 0 0 0 0 0 
Doubtful0 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 mention127 1,017 3,489 712 300 1,033 4,690 0 11,368 
Substandard801 1,916 1,212 112 37 4,858 6,175 0 15,111 
Doubtful0 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 mention0 0 0 0 0 0 0 0 0 
Substandard708 0 0 0 0 0 0 0 708 
Doubtful0 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 mention0 0 0 0 0 0 0 0 0 
Substandard0 0 0 0 0 0 0 0 0 
Doubtful0 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
20202019201820172016PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
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 mention1,417 672 29 3,303 0 190 0 0 5,611 
Substandard0 0 0 0 0 1,840 77 0 1,917 
Doubtful0 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 mention0 0 0 0 0 0 0 0 0 
Substandard6 753 288 205 0 0 0 0 1,252 
Doubtful0 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 mention99 895 2,111 3,969 835 4,137 450 0 12,496 
Substandard0 12,325 326 7,584 722 12,289 600 0 33,846 
Doubtful0 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 

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 evaluates credit quality based on the performance status of the loan, which was previously presented, and by payment activity. Nonperforming loans include loans on nonaccrual status and loans past due over 89 days and still accruing interest.

September 30, 2021December 31, 2020
PerformingNonperformingTotalPerformingNonperformingTotal
1-4 Family Construction$31,775 $0 $31,775 $27,768 $0 $27,768 
Home equity lines of credit106,445 780 107,225 108,759 685 109,444 
Residential Mortgages secured by first liens807,092 3,098 810,190 772,572 4,458 777,030 
Residential Mortgages secured by junior liens57,185 157 57,342 53,612 114 53,726 
Other revolving credit plans26,217 9 26,226 25,501 6 25,507 
Automobile22,311 0 22,311 25,312 32 25,344 
Other consumer44,505 498 45,003 42,288 504 42,792 
Total loans$1,095,530 $4,542 $1,100,072 $1,055,812 $5,799 $1,061,611 
The following tables detail the amortized cost of loans, by year of origination (for term loans) and by payment activity within each portfolio segment as of September 30, 2021. The current period originations may include modifications, extensions and renewals.
Term Loans Amortized Cost Basis by Origination Year
20212020201920182017PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
1-4 Family Construction
Payment performance
Performing$19,385 $10,746 $1,279 $67 $0 $0 $298 $0 $31,775 
Nonperforming0 0 0 0 0 0 0 0 0 
Total$19,385 $10,746 $1,279 $67 $0 $0 $298 $0 $31,775 
Home equity lines of credit
Payment performance
Performing$12,717 $17,171 $10,366 $10,216 $7,147 $41,470 $7,358 $0 $106,445 
Nonperforming0 0 0 0 385 395 0 0 780 
Total$12,717 $17,171 $10,366 $10,216 $7,532 $41,865 $7,358 $0 $107,225 
Residential mortgages secured by first lien
Payment performance
Performing$179,087 $183,988 $118,206 $69,709 $78,933 $173,295 $3,874 $0 $807,092 
Nonperforming0 149 155 31 193 2,529 41 0 3,098 
Total$179,087 $184,137 $118,361 $69,740 $79,126 $175,824 $3,915 $0 $810,190 
Residential mortgages secured by junior liens
Payment performance
Performing$16,814 $12,542 $8,181 $4,828 $4,128 $9,983 $709 $0 $57,185 
Nonperforming0 0 0 0 87 70 0 0 157 
Total$16,814 $12,542 $8,181 $4,828 $4,215 $10,053 $709 $0 $57,342 
Other revolving credit plans
Payment performance
Performing$3,372 $3,538 $3,963 $3,062 $3,007 $9,275 $0 $0 $26,217 
Nonperforming0 0 0 4 0 5 0 0 9 
Total$3,372 $3,538 $3,963 $3,066 $3,007 $9,280 $0 $0 $26,226 
Automobile
Payment performance
Performing$6,278 $6,272 $5,326 $2,848 $834 $753 $0 $0 $22,311 
Nonperforming0 0 0 0 0 0 0 0 0 
Total$6,278 $6,272 $5,326 $2,848 $834 $753 $0 $0 $22,311 
Other consumer
Payment performance
Performing$21,705 $13,573 $5,673 $1,729 $381 $1,444 $0 $0 $44,505 
Nonperforming86 162 134 42 12 62 0 0 498 
Total$21,791 $13,735 $5,807 $1,771 $393 $1,506 $0 $0 $45,003 
The following tables detail the amortized cost of loans, by year of origination (for term loans) and by payment activity 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
20202019201820172016PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
1-4 Family Construction
Payment performance
Performing$16,081 $11,547 $140 $0 $0 $0 $0 $0 $27,768 
Nonperforming0 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 
Nonperforming0 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 
Nonperforming0 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 
Nonperforming0 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 
Nonperforming0 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 
Nonperforming0 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 $1,655 $0 $0 $42,288 
Nonperforming82 264 75 13 0 70 0 0 504 
Total$24,939 $11,447 $3,654 $809 $218 $1,725 $0 $0 $42,792 

 September 30, 2021December 31, 2020
Credit card
Payment performance
Performing$9,280 $8,081 
Nonperforming33 34 
Total$9,313 $8,115 
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 acquisition980 
Non-credit discount / (premium) at acquisition1,063 
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 are considered to be subprime loans. Holiday is 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.

Holiday’s loan portfolio, included in other consumer loans above, is summarized as follows at September 30, 2021 and December 31, 2020: 
September 30, 2021December 31, 2020
Gross other consumer$27,588 $27,998 
Less: other consumer unearned discounts(5,276)(5,181)
Total automobile and other consumer loans, net of unearned discounts$22,312 $22,817