Total troubled debt restructurings were $4.7 million and $4.6 million at March 31, 2020 and December 31, 2019, respectively. The Company has allocated $61 thousand of specific reserves to loans whose terms have been modified in troubled debt restructurings at March 31, 2020 and December 31, 2019. There were no commitments to lend additional amounts to borrowers with loans that were classified as troubled debt restructurings at March 31, 2020 and at December 31, 2019.

During the three month periods ended March 31, 2020 and 2019, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a deferral of principal, interest and/or escrow; or a legal concession. During the three month period ended March 31, 2020, the terms of such loans included a deferral of principal and/or interest and an extension of the maturity date on these and other troubled debt restructurings in the range of 168 to 180 months. During the same three month period in 2019, the terms of such loans included a reduction of the stated interest rate of loans in the range of 2.38% to 2.74% and an extension of the maturity date on these and other troubled debt restructurings by 86 months.

The following table presents loans by class modified as troubled debt restructurings that occurred during the three month period ended March 31, 2020 and 2019:

			Pre- Modification		Post- Modification
Three Months Ended March 31, 2020	Number of		Outstanding Recorded		Outstanding Recorded
(In Thousands of Dollars)	Loans		Investment		Investment
Originated loans:
Commercial		1	$	21	$	21
Residential real estate
1-4 family residential		5		209		210
Home equity lines of credit		4		100		102
Consumer
Indirect		10		61		61
Other		1		15		15
Total originated loans		21	$	406	$	409
Acquired loans:
Residential real estate
1-4 family residential		1	$	68	$	68
Total acquired loans		1	$	68	$	68
Total loans		22	$	474	$	477

			Pre- Modification		Post- Modification
Three Months Ended March 31, 2019	Number of		Outstanding Recorded		Outstanding Recorded
(In Thousands of Dollars)	Loans		Investment		Investment
Originated loans:
Residential real estate
1-4 family residential		3	$	73	$	75
Home equity lines of credit		1		40		40
Consumer
Indirect		12		105		105
Total originated loans		16	$	218	$	220
Acquired loans:
Residential real estate
1-4 family residential		2	$	51	$	55
Total acquired loans		2	$	51	$	55
Total loans		18	$	269	$	275

There were $5 thousand and $6 thousand in charge offs and a $5 thousand and $6 thousand increase to the provision for loan losses during the three month periods ended March 31, 2020 and 2019, respectively, as a result of outstanding troubled debt restructurings.

There were two commercial farmland loans and one commercial loan for which there was a payment default within twelve months following the modification of the troubled debt restructuring during the three month period ended March 31, 2020. There were two commercial farmland and one commercial loan that were past due at March 31, 2020. There was no provision recorded as a result of the defaults during 2020. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms.

There were two residential real estate loans and one home equity line of credit for which there was a payment default within twelve months following the modification of the troubled debt restructuring during the three month period ended March 31, 2019. All of the loans were past due at March 31, 2019. There was no provision recorded as a result of the defaults during 2019. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms.