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LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES
Total net loans receivable at March 31, 2025 and December 31, 2024 are summarized as follows:
March 31, 2025Percentage
of Total		December 31, 2024Percentage
of Total
Farmland$29,398 0.64 %$31,099 0.67 %
Owner-occupied, nonfarm nonresidential properties520,498 11.29 515,208 11.18 
Agricultural production and other loans to farmers6,405 0.14 6,492 0.14 
Commercial and Industrial708,690 15.37 718,775 15.60 
Obligations (other than securities and leases) of states and political subdivisions137,149 2.97 140,430 3.05 
Other loans27,457 0.59 28,110 0.61 
Other construction loans and all land development and other land loans286,564 6.22 282,912 6.14 
Multifamily (5 or more) residential properties426,002 9.24 411,146 8.92 
Non-owner occupied, nonfarm nonresidential properties1,041,450 22.59 1,033,541 22.42 
1-4 Family Construction16,470 0.36 26,431 0.57 
Home equity lines of credit179,129 3.89 166,327 3.61 
Residential Mortgages secured by first liens1,002,969 21.76 1,012,746 21.97 
Residential Mortgages secured by junior liens106,986 2.32 106,462 2.31 
Other revolving credit plans35,360 0.77 41,095 0.89 
Automobile19,739 0.43 20,961 0.45 
Other consumer51,574 1.12 53,821 1.17 
Credit cards13,978 0.30 13,143 0.29 
Overdrafts191 — 257 0.01 
Total loans receivable$4,610,009 100.00 %$4,608,956 100.00 %
Less: Allowance for credit losses(47,357)(47,357)
Loans receivable, net$4,562,652 $4,561,599 
Net deferred loan origination fees included in the above table$138 $49 

The Corporation’s outstanding loans receivable and related unfunded commitments are primarily concentrated within Central and Northwest Pennsylvania, Central and Northeast Ohio, Western New York and Southwest Virginia. 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 approved annually by the Corporation’s Board of Directors.

Syndicated loans, net of deferred fees and costs, are included in the commercial and industrial classification and totaled $69.2 million and $79.9 million as of March 31, 2025 and December 31, 2024, respectively.
Transactions in the allowance for credit losses for the three months ended March 31, 2025 were as follows:
Beginning
Allowance		(Charge-offs)Recoveries
Provision (Benefit) for Credit Losses on Loans Receivable(1)
Ending Allowance
Farmland$167 $— $— $(6)$161 
Owner-occupied, nonfarm nonresidential properties5,696 (23)14 140 5,827 
Agricultural production and other loans to farmers37 — — 2 39 
Commercial and Industrial7,759 (650)— 101 7,210 
Obligations (other than securities and leases) of states and political subdivisions1,369 — — 2 1,371 
Other loans329 — — (3)326 
Other construction loans and all land development and other land loans2,571 — — (2)2,569 
Multifamily (5 or more) residential properties
2,969 — — 123 3,092 
Non-owner occupied, nonfarm nonresidential properties10,110 — — 62 10,172 
1-4 Family Construction198 — — (76)122 
Home equity lines of credit1,340 — — 224 1,564 
Residential Mortgages secured by first liens8,958 (34)— 175 9,099 
Residential Mortgages secured by junior liens1,343 — — 108 1,451 
Other revolving credit plans960 (3)1 (103)855 
Automobile275 — — (13)262 
Other consumer2,892 (567)12 584 2,921 
Credit cards127 (122)4 116 125 
Overdrafts257 (98)27 5 191 
Total loans$47,357 $(1,497)$58 $1,439 $47,357 
(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," to 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, 2024 were as follows:
Beginning
Allowance		(Charge-offs)Recoveries
Provision (Benefit) for Credit Losses on Loans Receivable(1)
Ending Allowance
Farmland$126 $— $— $9 $135 
Owner-occupied, nonfarm nonresidential properties3,949 (596)9 1,111 4,473 
Agricultural production and other loans to farmers7 — — 1 8 
Commercial and Industrial9,433 (71)29 (418)8,973 
Obligations (other than securities and leases) of states and political subdivisions2,613 — — (76)2,537 
Other loans387 — — (9)378 
Other construction loans and all land development and other land loans4,033 — — 222 4,255 
Multifamily (5 or more) residential properties1,030 — — 37 1,067 
Non-owner occupied, nonfarm nonresidential properties9,170 — — (385)8,785 
1-4 Family Construction356 — — (53)303 
Home equity lines of credit831 — 1 65 897 
Residential Mortgages secured by first liens8,050 (64)— 382 8,368 
Residential Mortgages secured by junior liens1,476 — — (45)1,431 
Other revolving credit plans973 (15)3 (107)854 
Automobile358 (10)3 (47)304 
Other consumer2,653 (517)27 548 2,711 
Credit cards95 (29)5 27 98 
Overdrafts292 (144)25 82 255 
Total loans$45,832 $(1,446)$102 $1,344 $45,832 
(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," to the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

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 months ended March 31, 2025, the allowance for credit losses remained unchanged, reflecting stable credit quality in the loan portfolio. Significant uncertainty persists regarding the domestic and global economy due to changes to U.S. tariffs and corresponding policy changes by U.S. trading partners, continued elevated interest rates, fluctuating levels of consumer confidence, and geopolitical conflicts. Management will continue to proactively evaluate its estimate of expected credit losses as new information becomes available.

Provision for credit losses was $1.6 million for the three months ended March 31, 2025, compared to $1.3 million for the three months ended March 31, 2024. Included in the provision for credit losses for the three months ended March 31, 2025 was a provision of $117 thousand related to the allowance for unfunded commitments compared to $24 thousand benefit related to the allowance for unfunded commitments for the three months ended March 31, 2024.

The following tables present the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of March 31, 2025 and December 31, 2024, respectively:

March 31, 2025
NonaccrualNonaccrual With No Allowance for Credit LossLoans Receivable Past Due over 89 Days Still Accruing
Farmland$518 $518 $— 
Owner-occupied, nonfarm nonresidential properties5,508 1,004 131 
Commercial and Industrial9,776 9,613 — 
Other construction loans and all land development and other land loans1,458 34 — 
Multifamily (5 or more) residential properties20,532 215 — 
Non-owner occupied, nonfarm nonresidential properties5,688 5,688 5 
Home equity lines of credit768 768 — 
Residential Mortgages secured by first liens8,634 7,865 — 
Residential Mortgages secured by junior liens298 298 — 
Other revolving credit plans176 176 — 
Automobile60 60 — 
Other consumer663 663 — 
Credit cards— — 172 
Total$54,079 $26,902 $308 

December 31, 2024
NonaccrualNonaccrual With No Allowance for Credit LossLoans Receivable Past Due over 89 Days Still Accruing
Farmland$522 $522 $— 
Owner-occupied, nonfarm nonresidential properties5,896 1,392 — 
Commercial and Industrial10,682 10,111 — 
Other construction loans and all land development and other land loans1,482 36 — 
Multifamily (5 or more) residential properties20,658 266 491 
Non-owner occupied, nonfarm nonresidential properties5,913 5,913 — 
Home equity lines of credit837 837 — 
Residential Mortgages secured by first liens9,093 8,311 — 
Residential Mortgages secured by junior liens271 271 — 
Other revolving credit plans154 154 — 
Automobile66 66 — 
Other consumer749 749 — 
Credit cards— — 162 
Total$56,323 $28,628 $653 

All payments received while on nonaccrual status are applied against the principal balance of the loan. The Corporation does not recognize interest income while a loan is on nonaccrual status.
The following table presents the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of March 31, 2025:
Real Estate CollateralNon-Real Estate Collateral
Farmland$352 $— 
Owner-occupied, nonfarm nonresidential properties4,504 — 
Commercial and Industrial258 2,070 
Other construction loans and all land development and other land loans1,424 — 
Multifamily (5 or more) residential properties20,532 — 
Non-owner occupied, nonfarm nonresidential properties5,225 — 
Home equity lines of credit290 — 
Residential Mortgages secured by first liens1,370 — 
Total$33,955 $2,070 

The following table presents the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of December 31, 2024:
Real Estate CollateralNon-Real Estate Collateral
Farmland$352 $— 
Owner-occupied, nonfarm nonresidential properties4,503 — 
Commercial and Industrial258 2,553 
Other construction loans and all land development and other land loans1,446 — 
Multifamily (5 or more) residential properties20,658 — 
Non-owner occupied, nonfarm nonresidential properties5,224 — 
Home equity lines of credit290 — 
Residential Mortgages secured by first liens1,411 — 
Total$34,142 $2,553 
The following table presents the aging of the amortized cost basis in past-due loans receivable as of March 31, 2025 by class of loans:
30 - 59
Days Past Due		60 - 89
Days Past Due		Greater Than 89
Days Past Due		Total Past DueLoans Receivable Not Past DueTotal
Farmland$— $— $— $— $29,398 $29,398 
Owner-occupied, nonfarm nonresidential properties733 371 4,886 5,990 514,508 520,498 
Agricultural production and other loans to farmers— — — — 6,405 6,405 
Commercial and Industrial573 501 6,074 7,148 701,542 708,690 
Obligations (other than securities and leases) of states and political subdivisions— — — — 137,149 137,149 
Other loans— — — — 27,457 27,457 
Other construction loans and all land development and other land loans2,911 — 1,424 4,335 282,229 286,564 
Multifamily (5 or more) residential properties— — 20,532 20,532 405,470 426,002 
Non-owner occupied, nonfarm nonresidential properties211 — 5 216 1,041,234 1,041,450 
1-4 Family Construction— — — — 16,470 16,470 
Home equity lines of credit67 — 507 574 178,555 179,129 
Residential Mortgages secured by first liens4,325 1,017 5,027 10,369 992,600 1,002,969 
Residential Mortgages secured by junior liens134 35 53 222 106,764 106,986 
Other revolving credit plans— 4 129 133 35,227 35,360 
Automobile129 6 — 135 19,604 19,739 
Other consumer328 339 409 1,076 50,498 51,574 
Credit cards165 60 172 397 13,581 13,978 
Overdrafts— — — — 191 191 
Total$9,576 $2,333 $39,218 $51,127 $4,558,882 $4,610,009 
The following table presents the aging of the amortized cost basis in past-due loans receivable as of December 31, 2024 by class of loans:
30 - 59
Days Past Due		60 - 89
Days Past Due		Greater Than 89
Days Past Due		Total Past DueLoans Receivable Not Past Due Total
Farmland$— $— $— $— $31,099 $31,099 
Owner-occupied, nonfarm nonresidential properties77 1,479 5,030 6,586 508,622 515,208 
Agricultural production and other loans to farmers— — — — 6,492 6,492 
Commercial and Industrial704 185 6,632 7,521 711,254 718,775 
Obligations (other than securities and leases) of states and political subdivisions— — — — 140,430 140,430 
Other loans— — — — 28,110 28,110 
Other construction loans and all land development and other land loans— — 1,482 1,482 281,430 282,912 
Multifamily (5 or more) residential properties— 20,392 757 21,149 389,997 411,146 
Non-owner occupied, nonfarm nonresidential properties— — — — 1,033,541 1,033,541 
1-4 Family Construction216 — — 216 26,215 26,431 
Home equity lines of credit1,006 387 323 1,716 164,611 166,327 
Residential Mortgages secured by first liens2,908 1,910 5,795 10,613 1,002,133 1,012,746 
Residential Mortgages secured by junior liens224 35 64 323 106,139 106,462 
Other revolving credit plans351 4 100 455 40,640 41,095 
Automobile135 3 — 138 20,823 20,961 
Other consumer601 271 358 1,230 52,591 53,821 
Credit cards97 115 162 374 12,769 13,143 
Overdrafts— — — — 257 257 
Total$6,319 $24,781 $20,703 $51,803 $4,557,153 $4,608,956 

Loan Modifications

Occasionally, the Corporation modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses.

In some cases, the Corporation provides multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For the loans included in the "combination" columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate reduction.

The following table presents the amortized cost basis of loans at March 31, 2025 that were both experiencing financial difficulty and modified during the three months ended March 31, 2025, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:

Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay and Term ExtensionTotal Class of Financing Receivable
Commercial and Industrial$— $6,961 $166 $— $— 1.0 %
Other construction loans and all land development and other land loans— — 10,115 — — 3.5 
Non-owner occupied, nonfarm nonresidential properties— — 1,962 — — 0.2 
Total$— $6,961 $12,243 $— $— 0.4 %
The following table presents the amortized cost basis of loans at March 31, 2024 that were both experiencing financial difficulty and modified during the three months ended March 31, 2024, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:

Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay and Term ExtensionTotal Class of Financing Receivable
Owner-occupied, nonfarm nonresidential properties$— $288 $— $— $— 0.1 %
Commercial and Industrial— — 505 — — 0.1 
Total$— $288 $505 $— $— — %

The Corporation had no unfunded available credit to customers whose loan receivables are included in the previous tables.

The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.

The following table presents the performance of such loans that have been modified during the twelve months ended March 31, 2025:

Current30 - 59
Days Past Due		60 - 89
Days Past Due		Greater Than 89
Days Past Due		Total Past Due
Farmland$1,041 $— $— $— $— 
Owner-occupied, nonfarm nonresidential properties696 — — — — 
Commercial and Industrial7,127 — — — — 
Other construction loans and all land development and other land loans10,115 — — — — 
Non-owner occupied, nonfarm nonresidential properties7,186 — — — — 
Residential Mortgages secured by first liens350 — — — — 
Residential Mortgages secured by junior liens28 — — — — 
Total$26,543 $— $— $— $— 

The following table presents the performance of such loans that have been modified during the twelve months ended March 31, 2024:

Current30 - 59
Days Past Due		60 - 89
Days Past Due		Greater Than 89
Days Past Due		Total Past Due
Owner-occupied, nonfarm nonresidential properties$696 $288 $— $— $288 
Commercial and Industrial3,705 321 — — 321 
Non-owner occupied, nonfarm nonresidential properties6,696 — — — — 
Residential Mortgages secured by first liens399 — — — — 
Residential Mortgages secured by junior liens29 — — — — 
Total$11,525 $609 $— $— $609 
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2025:

Principal ForgivenessWeighted Average
Term Extension
(in years)		Weighted Average
Interest Rate Reduction
Commercial and Industrial$— 0.96— %
Other construction loans and all land development and other land loans— 0.75— 
Non-owner occupied, nonfarm nonresidential properties— 0.50— 
Total$— 0.71— %

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2024:

Principal ForgivenessWeighted Average
Term Extension
(in years)		Weighted Average
Interest Rate Reduction
Commercial and Industrial$— 1.00— %
Total$— 1.00— %

There were no loans that had a payment default during the three months ended March 31, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.

The following table presents the amortized cost basis of loans that had a payment default during the three months ended March 31, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.

Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Payment Delay and Term Extension
Owner-occupied, nonfarm nonresidential properties$— $308 $— $— $— 
Commercial and Industrial— — — 301 — 
Total$— $308 $— $301 $— 

If the Corporation determines that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off and the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.

Credit Quality Indicators

The Corporation categorizes loans receivable 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: A loan classified as special mention has 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: A loan classified as substandard is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. The loan has a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.
Doubtful: A loan classified as doubtful has 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 commercial credit risk profile by risk rating. Loans receivable not rated as special mention, substandard, or doubtful are considered to be pass rated loans.

March 31, 2025
Non-Pass Rated
PassSpecial MentionSubstandardDoubtfulTotal Non-PassTotal
Farmland$23,648 $— $5,750 $— $5,750 $29,398 
Owner-occupied, nonfarm nonresidential properties497,876 1,286 21,336 — 22,622 520,498 
Agricultural production and other loans to farmers6,405 — — — — 6,405 
Commercial and Industrial643,154 6,522 59,014 — 65,536 708,690 
Obligations (other than securities and leases) of states and political subdivisions137,149 — — — — 137,149 
Other loans27,457 — — — — 27,457 
Other construction loans and all land development and other land loans275,025 10,115 1,424 — 11,539 286,564 
Multifamily (5 or more) residential properties
399,481 — 26,521 — 26,521 426,002 
Non-owner occupied, nonfarm nonresidential properties1,016,911 2,970 21,569 — 24,539 1,041,450 
Total$3,027,106 $20,893 $135,614 $— $156,507 $3,183,613 

December 31, 2024
Non-Pass Rated
PassSpecial MentionSubstandardDoubtfulTotal Non-PassTotal
Farmland$25,171 $5,267 $661 $— $5,928 $31,099 
Owner-occupied, nonfarm nonresidential properties491,798 1,289 22,121 — 23,410 515,208 
Agricultural production and other loans to farmers6,492 — — — — 6,492 
Commercial and Industrial654,139 4,321 60,315 — 64,636 718,775 
Obligations (other than securities and leases) of states and political subdivisions140,430 — — — — 140,430 
Other loans28,110 — — — — 28,110 
Other construction loans and all land development and other land loans281,466 — 1,446 — 1,446 282,912 
Multifamily (5 or more) residential properties
385,946 — 25,200 — 25,200 411,146 
Non-owner occupied, nonfarm nonresidential properties1,008,507 4,947 20,087 — 25,034 1,033,541 
Total$3,022,059 $15,824 $129,830 $— $145,654 $3,167,713 
The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of March 31, 2025. Current period originations may include modifications.
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Farmland
Risk rating
Pass$1,524 $129 $1,608 $6,632 $6,379 $6,959 $417 $— $23,648 
Special mention— — — — — — — — — 
Substandard— 166 — 5,099 — 485 — — 5,750 
Total$1,524 $295 $1,608 $11,731 $6,379 $7,444 $417 $— $29,398 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass$13,222 $80,346 $59,880 $113,144 $93,276 $126,541 $11,467 $— $497,876 
Special mention— — — — 250 455 581 — 1,286 
Substandard— 13,851 1,110 4,079 696 1,370 230 — 21,336 
Total$13,222 $94,197 $60,990 $117,223 $94,222 $128,366 $12,278 $— $520,498 
Current period gross write offs$— $— $— $23 $— $— $— $— $23 
Agricultural production and other loans to farmers
Risk rating
Pass$— $5,026 $458 $18 $26 $181 $696 $— $6,405 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$— $5,026 $458 $18 $26 $181 $696 $— $6,405 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Commercial and Industrial
Risk rating
Pass$32,132 $123,413 $40,663 $91,179 $55,580 $43,909 $256,278 $— $643,154 
Special mention— 4 52 2,239 1,788 88 2,351 — 6,522 
Substandard711 266 5,147 10,991 1,160 1,909 38,830 — 59,014 
Total$32,843 $123,683 $45,862 $104,409 $58,528 $45,906 $297,459 $— $708,690 
Current period gross write offs$— $— $32 $— $— $— $587 $31 $650 
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass$1,522 $6,276 $24,683 $15,471 $30,095 $54,998 $4,104 $— $137,149 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$1,522 $6,276 $24,683 $15,471 $30,095 $54,998 $4,104 $— $137,149 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other loans
Risk rating
Pass$55 $1,945 $3,377 $12,239 $4,553 $1,519 $3,769 $— $27,457 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$55 $1,945 $3,377 $12,239 $4,553 $1,519 $3,769 $— $27,457 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Other construction loans and all land development and other land loans
Risk rating
Pass$32,865 $101,739 $42,997 $87,236 $2,978 $2,384 $4,826 $— $275,025 
Special mention10,115 — — — — — — — 10,115 
Substandard— — — — — 1,424 — — 1,424 
Total$42,980 $101,739 $42,997 $87,236 $2,978 $3,808 $4,826 $— $286,564 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Multifamily (5 or more) residential properties
Risk rating
Pass$16,666 $48,811 $56,547 $172,908 $60,854 $41,292 $2,403 $— $399,481 
Special mention— — — — — — — — — 
Substandard4,449 190 1,565 20,317 — — — — 26,521 
Total$21,115 $49,001 $58,112 $193,225 $60,854 $41,292 $2,403 $— $426,002 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass$28,032 $136,325 $192,741 $326,373 $178,780 $147,023 $7,637 $— $1,016,911 
Special mention— — — 211 2,001 339 419 — 2,970 
Substandard— 13,354 757 464 — 6,994 — — 21,569 
Total$28,032 $149,679 $193,498 $327,048 $180,781 $154,356 $8,056 $— $1,041,450 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2024. Current period originations may include modifications.
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Farmland
Risk rating
Pass$265 $3,165 $6,756 $6,477 $1,436 $6,662 $410 $— $25,171 
Special mention— — 5,267 — — — — — 5,267 
Substandard170 — — — — 491 — — 661 
Total$435 $3,165 $12,023 $6,477 $1,436 $7,153 $410 $— $31,099 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass$74,692 $62,609 $114,980 $98,469 $39,931 $90,249 $10,868 $— $491,798 
Special mention— — — 254 — 527 508 — 1,289 
Substandard14,181 1,114 4,370 696 — 1,507 253 — 22,121 
Total$88,873 $63,723 $119,350 $99,419 $39,931 $92,283 $11,629 $— $515,208 
Current period gross write offs$— $— $750 $— $— $698 $— $— $1,448 
Agricultural production and other loans to farmers
Risk rating
Pass$5,072 $473 $18 $26 $40 $148 $715 $— $6,492 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$5,072 $473 $18 $26 $40 $148 $715 $— $6,492 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Commercial and Industrial
Risk rating
Pass$148,569 $44,080 $104,613 $63,646 $24,511 $18,771 $249,949 $— $654,139 
Special mention7 55 139 424 61 32 3,603 — 4,321 
Substandard845 5,145 10,988 1,461 49 1,935 39,892 — 60,315 
Total$149,421 $49,280 $115,740 $65,531 $24,621 $20,738 $293,444 $— $718,775 
Current period gross write offs$— $301 $116 $537 $1 $43 $1,428 $— $2,426 
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass$7,999 $24,754 $15,756 $30,419 $11,411 $45,882 $4,209 $— $140,430 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$7,999 $24,754 $15,756 $30,419 $11,411 $45,882 $4,209 $— $140,430 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other loans
Risk rating
Pass$2,134 $3,382 $12,291 $4,602 $1,341 $274 $4,086 $— $28,110 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$2,134 $3,382 $12,291 $4,602 $1,341 $274 $4,086 $— $28,110 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
Other construction loans and all land development and other land loans
Risk rating
Pass$112,919 $58,596 $99,268 $3,141 $749 $1,875 $4,918 $— $281,466 
Special mention— — — — — — — — — 
Substandard— — — — — 1,446 — — 1,446 
Total$112,919 $58,596 $99,268 $3,141 $749 $3,321 $4,918 $— $282,912 
Current period gross write offs$— $— $— $— $— $— $— $11 $11 
Multifamily (5 or more) residential properties
Risk rating
Pass$46,905 $49,880 $173,994 $67,500 $20,706 $25,037 $1,924 $— $385,946 
Special mention— — — — — — — — — 
Substandard— 2,107 20,392 — 2,701 — — — 25,200 
Total$46,905 $51,987 $194,386 $67,500 $23,407 $25,037 $1,924 $— $411,146 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass$141,083 $190,123 $320,047 $183,621 $38,309 $127,515 $7,809 $— $1,008,507 
Special mention1,962 — 212 2,003 — 349 421 — 4,947 
Substandard11,469 762 689 — 5,225 1,942 — — 20,087 
Total$154,514 $190,885 $320,948 $185,624 $43,534 $129,806 $8,230 $— $1,033,541 
Current period gross write offs$— $— $33 $296 $— $625 $20 $— $974 

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 receivable on nonaccrual status and loans receivable past due over 89 days and still accruing interest.

March 31, 2025December 31, 2024
PerformingNonperformingTotalPerformingNonperformingTotal
1-4 Family Construction$16,470 $— $16,470 $26,431 $— $26,431 
Home equity lines of credit178,361 768 179,129 165,490 837 166,327 
Residential Mortgages secured by first liens994,335 8,634 1,002,969 1,003,653 9,093 1,012,746 
Residential Mortgages secured by junior liens106,688 298 106,986 106,191 271 106,462 
Other revolving credit plans35,184 176 35,360 40,941 154 41,095 
Automobile19,679 60 19,739 20,895 66 20,961 
Other consumer50,911 663 51,574 53,072 749 53,821 
Total$1,401,628 $10,599 $1,412,227 $1,416,673 $11,170 $1,427,843 
The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of March 31, 2025. Current period originations may include modifications.
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
1-4 Family Construction
Payment performance
Performing$507 $13,314 $1,753 $850 $— $46 $— $— $16,470 
Nonperforming— — — — — — — — — 
Total$507 $13,314 $1,753 $850 $— $46 $— $— $16,470 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Home equity lines of credit
Payment performance
Performing$8,236 $47,165 $26,892 $30,093 $9,496 $38,210 $11,785 $6,484 $178,361 
Nonperforming— — 49 — — — — 719 768 
Total$8,236 $47,165 $26,941 $30,093 $9,496 $38,210 $11,785 $7,203 $179,129 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Residential mortgages secured by first lien
Payment performance
Performing$17,647 $104,559 $133,981 $219,273 $172,661 $343,930 $2,284 $— $994,335 
Nonperforming42 350 2,447 1,711 1,173 2,911 — — 8,634 
Total$17,689 $104,909 $136,428 $220,984 $173,834 $346,841 $2,284 $— $1,002,969 
Current period gross write offs$— $— $— $— $32 $2 $— $— $34 
Residential mortgages secured by junior liens
Payment performance
Performing$4,494 $31,546 $21,569 $22,225 $11,393 $14,316 $1,145 $— $106,688 
Nonperforming— 18 72 34 121 15 38 — 298 
Total$4,494 $31,564 $21,641 $22,259 $11,514 $14,331 $1,183 $— $106,986 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other revolving credit plans
Payment performance
Performing$950 $8,599 $6,025 $6,268 $2,060 $11,282 $— $— $35,184 
Nonperforming— — 4 25 6 141 — — 176 
Total$950 $8,599 $6,029 $6,293 $2,066 $11,423 $— $— $35,360 
Current period gross write offs$— $— $— $3 $— $— $— $— $3 
Automobile
Payment performance
Performing$1,255 $5,323 $7,593 $3,378 $922 $1,208 $— $— $19,679 
Nonperforming— — 14 43 — 3 — — 60 
Total$1,255 $5,323 $7,607 $3,421 $922 $1,211 $— $— $19,739 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other consumer
Payment performance
Performing$4,918 $24,267 $11,179 $4,491 $1,964 $4,092 $— $— $50,911 
Nonperforming— 297 251 58 55 2 — — 663 
Total$4,918 $24,564 $11,430 $4,549 $2,019 $4,094 $— $— $51,574 
Current period gross write offs$— $216 $268 $47 $28 $8 $— $— $567 
The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2024.
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisRevolving Loans Converted to TermTotal
1-4 Family Construction
Payment performance
Performing$21,411 $3,717 $1,254 $— $— $49 $— $— $26,431 
Nonperforming— — — — — — — — — 
Total$21,411 $3,717 $1,254 $— $— $49 $— $— $26,431 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Home equity lines of credit
Payment performance
Performing$44,573 $28,211 $30,557 $9,440 $8,106 $30,649 $7,993 $5,961 $165,490 
Nonperforming— 50 — — — — — 787 837 
Total$44,573 $28,261 $30,557 $9,440 $8,106 $30,649 $7,993 $6,748 $166,327 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Residential mortgages secured by first lien
Payment performance
Performing$106,278 $135,898 $224,633 $177,756 $128,924 $226,926 $3,238 $— $1,003,653 
Nonperforming363 2,494 1,657 1,305 839 2,435 — — 9,093 
Total$106,641 $138,392 $226,290 $179,061 $129,763 $229,361 $3,238 $— $1,012,746 
Current period gross write offs$— $— $— $— $— $79 $— $— $79 
Residential mortgages secured by junior liens
Payment performance
Performing$32,777 $22,256 $22,931 $11,769 $5,695 $9,465 $1,298 $— $106,191 
Nonperforming19 40 34 123 — 16 39 — 271 
Total$32,796 $22,296 $22,965 $11,892 $5,695 $9,481 $1,337 $— $106,462 
Current period gross write offs$— $— $— $— $— $— $— $— $— 
Other revolving credit plans
Payment performance
Performing$10,454 $5,556 $6,898 $2,163 $5,366 $10,504 $— $— $40,941 
Nonperforming— — 27 6 — 121 — — 154 
Total$10,454 $5,556 $6,925 $2,169 $5,366 $10,625 $— $— $41,095 
Current period gross write offs$— $9 $— $41 $25 $81 $— $— $156 
Automobile
Payment performance
Performing$5,794 $8,504 $3,975 $1,149 $664 $809 $— $— $20,895 
Nonperforming— 15 47 — 4 — — — 66 
Total$5,794 $8,519 $4,022 $1,149 $668 $809 $— $— $20,961 
Current period gross write offs$22 $93 $7 $14 $6 $4 $— $— $146 
Other consumer
Payment performance
Performing$27,727 $13,090 $5,344 $2,432 $2,162 $2,317 $— $— $53,072 
Nonperforming219 368 82 67 8 5 — — 749 
Total$27,946 $13,458 $5,426 $2,499 $2,170 $2,322 $— $— $53,821 
Current period gross write offs$133 $1,141 $630 $154 $24 $12 $— $— $2,094 
 March 31, 2025December 31, 2024
Credit card
Payment performance
Performing$13,806 $12,981 
Nonperforming172 162 
Total$13,978 $13,143 
Current period gross write offs$122 $143 

Holiday’s loan portfolio, included in other consumer loans above, is summarized as follows at March 31, 2025 and December 31, 2024:

March 31, 2025December 31, 2024
Gross other consumer$22,778 $27,261 
Less: other consumer unearned discounts(3,659)(4,772)
Total other consumer loans, net of unearned discounts$19,119 $22,489