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OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Off-Balance Sheet Risks | The Corporation's maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of March 31, 2022 and December 31, 2021 were as follows:
| March 31, 2022 |  | December 31, 2021
| Fixed Rate |  | Variable Rate |  | Fixed Rate |  | Variable Rate
Commitments to make loans | $ | 88,515 |  |  | $ | 398,927 |  |  | $ | 94,924 |  |  | $ | 323,013 |
Unused lines of credit | 24,222 |  |  | 688,489 |  |  | 13,265 |  |  | 663,903 |
Standby letters of credit | 15,267 |  |  | 1,621 |  |  | 15,063 |  |  | 1,623 |
Allowance For Credit Losses | Transactions in the allowance for credit losses for the three months ended March 31, 2022 were as follows:
| Beginning Allowance |  | (Charge-offs) |  | Recoveries |  | Provision (Benefit) for Credit Losses on Loans (1) |  | Ending Allowance |
Farmland | $ | 151 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 35 |  |  | $ | 186 |  |
Owner-occupied, nonfarm nonresidential properties | 3,339 |  |  | (21) |  |  | 7 |  |  | 270 |  |  | 3,595 |  |
Agricultural production and other loans to farmers | 9 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 10 |  |
Commercial and Industrial | 8,837 |  |  | (71) |  |  | 78 |  |  | 246 |  |  | 9,090 |  |
Obligations (other than securities and leases) of states and political subdivisions | 1,649 |  |  | 0 |  |  | 0 |  |  | 179 |  |  | 1,828 |  |
Other loans | 149 |  |  | 0 |  |  | 0 |  |  | (6) |  |  | 143 |  |
Other construction loans and all land development and other land loans | 2,198 |  |  | 0 |  |  | 0 |  |  | (148) |  |  | 2,050 |  |
Multifamily (5 or more) residential properties | 2,289 |  |  | 0 |  |  | 0 |  |  | (53) |  |  | 2,236 |  |
Non-owner occupied, nonfarm nonresidential properties | 6,481 |  |  | 0 |  |  | 0 |  |  | (70) |  |  | 6,411 |  |
1-4 Family Construction | 158 |  |  | 0 |  |  | 0 |  |  | 52 |  |  | 210 |  |
Home equity lines of credit | 1,169 |  |  | 0 |  |  | 8 |  |  | 4 |  |  | 1,181 |  |
Residential Mortgages secured by first liens | 6,943 |  |  | (47) |  |  | 12 |  |  | (3) |  |  | 6,905 |  |
Residential Mortgages secured by junior liens | 546 |  |  | 0 |  |  | 0 |  |  | 6 |  |  | 552 |  |
Other revolving credit plans | 528 |  |  | (26) |  |  | 6 |  |  | 39 |  |  | 547 |  |
Automobile | 263 |  |  | (7) |  |  | 0 |  |  | (2) |  |  | 254 |  |
Other consumer | 2,546 |  |  | (401) |  |  | 22 |  |  | 402 |  |  | 2,569 |  |
Credit cards | 92 |  |  | (14) |  |  | 4 |  |  | 21 |  |  | 103 |  |
Overdrafts | 241 |  |  | (119) |  |  | 41 |  |  | 84 |  |  | 247 |  |
Total loans | $ | 37,588 |  |  | $ | (706) |  |  | $ | 178 |  |  | $ | 1,057 |  |  | $ | 38,117 |  |
(1) Excludes provision for credit losses related to unfunded commitments. Note 8, "Off-Balance Sheet Commitments and Contingencies," in the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation. Transactions in the allowance for credit losses for the three months ended March 31, 2021 were as follows:
| Beginning Allowance |  | (Charge-offs) |  | Recoveries |  | Provision (Benefit) for Credit Losses on Loans (1) |  | Ending Allowance |
Farmland | $ | 221 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 3 |  |  | $ | 224 |  |
Owner-occupied, nonfarm nonresidential properties | 3,700 |  |  | (531) |  |  | 2 |  |  | (236) |  |  | 2,935 |  |
Agricultural production and other loans to farmers | 24 |  |  | 0 |  |  | 0 |  |  | 4 |  |  | 28 |  |
Commercial and Industrial | 6,233 |  |  | (56) |  |  | 5 |  |  | 297 |  |  | 6,479 |  |
Obligations (other than securities and leases) of states and political subdivisions | 998 |  |  | 0 |  |  | 0 |  |  | 717 |  |  | 1,715 |  |
Other loans | 68 |  |  | 0 |  |  | 0 |  |  | 5 |  |  | 73 |  |
Other construction loans and all land development and other land loans | 1,956 |  |  | 0 |  |  | 0 |  |  | 50 |  |  | 2,006 |  |
Multifamily (5 or more) residential properties | 2,724 |  |  | 0 |  |  | 0 |  |  | 30 |  |  | 2,754 |  |
Non-owner occupied, nonfarm nonresidential properties | 8,658 |  |  | 0 |  |  | 0 |  |  | 2,668 |  |  | 11,326 |  |
1-4 Family Construction | 82 |  |  | 0 |  |  | 0 |  |  | (15) |  |  | 67 |  |
Home equity lines of credit | 985 |  |  | 0 |  |  | 0 |  |  | (142) |  |  | 843 |  |
Residential Mortgages secured by first liens | 4,539 |  |  | (28) |  |  | 31 |  |  | (992) |  |  | 3,550 |  |
Residential Mortgages secured by junior liens | 241 |  |  | 0 |  |  | 0 |  |  | (17) |  |  | 224 |  |
Other revolving credit plans | 507 |  |  | (6) |  |  | 2 |  |  | 24 |  |  | 527 |  |
Automobile | 132 |  |  | (5) |  |  | 0 |  |  | 55 |  |  | 182 |  |
Other consumer | 2,962 |  |  | (315) |  |  | 48 |  |  | (321) |  |  | 2,374 |  |
Credit cards | 66 |  |  | (33) |  |  | 8 |  |  | 24 |  |  | 65 |  |
Overdrafts | 244 |  |  | (84) |  |  | 55 |  |  | (32) |  |  | 183 |  |
Total loans | $ | 34,340 |  |  | $ | (1,058) |  |  | $ | 151 |  |  | $ | 2,122 |  |  | $ | 35,555 |  |
(1) Excludes provision for credit losses related to unfunded commitments. Note 8, "Off-Balance Sheet Commitments and Contingencies," in the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation. The following table presents activity in the allowance for credit losses on unfunded loan commitments for the three months ended Mach 31, 2022 and 2021, respectively:
| Three Months Ended
| March 31,
| 2022 |  | 2021
Beginning balance | $ | 0 |  |  | $ | 0 |
Provision for credit losses on unfunded loan commitments (1) | 586 |  |  | 0 |
Ending balance | $ | 586 |  |  | $ | 0 |
(1) Excludes provision for credit losses related to the loan portfolio.

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