XML 52 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1
Loans (Tables)
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Loan by Class

Acquired loans were transferred and are included in originated loans during 2021.  This is to align with the calculation of the allowance for credit losses being used under the CECL model.  Loans by class at year end were as follows:  

 

 

 

2021

 

 

2020

 

Originated loans:

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

Owner occupied

 

$

340,369

 

 

$

215,187

 

Non-owner occupied

 

 

533,240

 

 

 

309,777

 

Farmland

 

 

 

 

177,706

 

 

 

156,277

 

Other

 

 

138,282

 

 

 

78,140

 

Commercial

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

313,836

 

 

 

385,831

 

Agricultural

 

 

 

 

54,659

 

 

 

44,922

 

Residential real estate

 

 

 

 

 

 

 

 

1-4 family residential

 

 

453,635

 

 

 

324,723

 

Home equity lines of credit

 

 

127,433

 

 

 

92,968

 

Consumer

 

 

 

 

 

 

 

 

Indirect

 

 

159,006

 

 

 

164,620

 

Direct

 

 

21,121

 

 

 

23,348

 

Other

 

 

9,395

 

 

 

9,868

 

Total originated loans

 

$

2,328,682

 

 

$

1,805,661

 

Acquired loans:

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

45,101

 

Non-owner occupied

 

 

0

 

 

 

52,863

 

Farmland

 

 

 

 

0

 

 

 

26,080

 

Other

 

 

0

 

 

 

12,868

 

Commercial

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

0

 

 

 

18,662

 

Agricultural

 

 

 

 

0

 

 

 

4,850

 

Residential real estate

 

 

 

 

 

 

 

 

1-4 family residential

 

 

0

 

 

 

89,118

 

Home equity lines of credit

 

 

0

 

 

 

17,383

 

Consumer

 

 

 

 

 

 

 

 

Direct

 

 

0

 

 

 

5,128

 

Other

 

 

0

 

 

 

97

 

Total acquired loans

 

 

0

 

 

 

272,150

 

Net deferred loan (fees) costs

 

 

2,400

 

 

 

233

 

Allowance for credit losses

 

 

(29,386

)

 

 

(22,144

)

Net loans

 

$

2,301,696

 

 

$

2,055,900

 

Activity in the Allowance for Loan Losses by Portfolio Segment

The following tables present the activity in the allowance for credit losses by portfolio segment for year ended December 31, 2021, and the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2020 and 2019:

 

 

December 31, 2021

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Total

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

10,746

 

 

$

5,018

 

 

$

3,687

 

 

$

2,693

 

 

$

22,144

 

Impact of CECL adoption

 

 

(2,137

)

 

 

259

 

 

 

193

 

 

 

3,845

 

 

 

2,160

 

Provision for credit losses

 

 

6,226

 

 

 

(349

)

 

 

1,121

 

 

 

(2,349

)

 

 

4,649

 

PCD ACL on loans acquired

 

 

1,081

 

 

 

210

 

 

 

4

 

 

 

0

 

 

 

1,295

 

Loans charged off

 

 

(70

)

 

 

(388

)

 

 

(297

)

 

 

(912

)

 

 

(1,667

)

Recoveries

 

 

33

 

 

 

199

 

 

 

162

 

 

 

411

 

 

 

805

 

Total ending allowance balance

 

$

15,879

 

 

$

4,949

 

 

$

4,870

 

 

$

3,688

 

 

$

29,386

 

 

December 31, 2020

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

6,127

 

 

$

2,443

 

 

$

3,032

 

 

$

2,885

 

 

$

14,487

 

Provision for loan losses

 

 

4,710

 

 

 

2,976

 

 

 

742

 

 

 

672

 

 

 

9,100

 

Loans charged off

 

 

(122

)

 

 

(412

)

 

 

(172

)

 

 

(1,347

)

 

 

(2,053

)

Recoveries

 

 

31

 

 

 

11

 

 

 

85

 

 

 

483

 

 

 

610

 

Total ending allowance balance

 

$

10,746

 

 

$

5,018

 

 

$

3,687

 

 

$

2,693

 

 

$

22,144

 

 

December 31, 2019

 

Commercial

Real Estate

 

 

Commercial

 

 

Residential

Real Estate

 

 

Consumer

 

 

Total

 

Allowance for loan losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

5,294

 

 

$

2,200

 

 

$

2,982

 

 

$

3,116

 

 

$

13,592

 

Provision for loan losses

 

 

874

 

 

 

430

 

 

 

392

 

 

 

754

 

 

 

2,450

 

Loans charged off

 

 

(45

)

 

 

(200

)

 

 

(400

)

 

 

(1,702

)

 

 

(2,347

)

Recoveries

 

 

4

 

 

 

13

 

 

 

58

 

 

 

717

 

 

 

792

 

Total ending allowance balance

 

$

6,127

 

 

$

2,443

 

 

$

3,032

 

 

$

2,885

 

 

$

14,487

 

 

 

Schedule of Investment in Nonaccrual and Loans Past Due 90 Days or More Still on Accrual by Class of Loans The following table presents the recorded investment in nonaccrual and loans past due 90 days or more still on accrual by class of loans as of December 31, 2021 and 2020:

 

 

2021

 

 

2020

 

 

 

Nonaccrual

 

 

Loans Past Due

90 Days or More

Still Accruing

 

 

Nonaccrual

 

 

Loans Past Due

90 Days or More

Still Accruing

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

433

 

 

$

0

 

 

$

0

 

 

$

335

 

Non-owner occupied

 

 

2,511

 

 

 

0

 

 

 

0

 

 

 

0

 

Farmland

 

 

274

 

 

 

0

 

 

 

0

 

 

 

0

 

Other

 

 

60

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

7,190

 

 

 

54

 

 

 

3,312

 

 

 

22

 

Agricultural

 

 

40

 

 

 

0

 

 

 

205

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

3,363

 

 

 

459

 

 

 

866

 

 

 

223

 

Home equity lines of credit

 

 

917

 

 

 

36

 

 

 

603

 

 

 

0

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

 

455

 

 

 

123

 

 

 

648

 

 

 

64

 

Direct

 

 

227

 

 

 

53

 

 

 

157

 

 

 

111

 

Other

 

 

0

 

 

 

0

 

 

 

1

 

 

 

5

 

Total originated loans

 

$

15,470

 

 

$

725

 

 

$

5,792

 

 

$

760

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

0

 

 

$

27

 

 

$

0

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

362

 

 

 

0

 

Farmland

 

 

0

 

 

 

0

 

 

 

471

 

 

 

95

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

0

 

 

 

0

 

 

 

477

 

 

 

0

 

Agricultural

 

 

0

 

 

 

0

 

 

 

4

 

 

 

0

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

0

 

 

 

0

 

 

 

4,128

 

 

 

1,469

 

Home equity lines of credit

 

 

0

 

 

 

0

 

 

 

186

 

 

 

0

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

0

 

 

 

0

 

 

 

58

 

 

 

6

 

Total acquired loans

 

$

0

 

 

$

0

 

 

$

5,713

 

 

$

1,570

 

Total loans

 

$

15,470

 

 

$

725

 

 

$

11,505

 

 

$

2,330

 

 

 

Schedule of Investment in Past Due Loans

The following tables present the aging of the recorded investment in past due loans as of December 31, 2021 and 2020 by class of loans. Note that loans on a current modification to defer payments under the CARES Act are included in loans not past due.

 

December 31, 2021

 

30-59

Days Past

Due

 

 

60-89

Days Past

Due

 

 

90 Days or More Past Due

and Nonaccrual

 

 

Total Past

Due

 

 

Loans Not

Past Due

 

 

Total

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

70

 

 

$

591

 

 

$

433

 

 

$

1,094

 

 

$

338,880

 

 

$

339,974

 

Non-owner occupied

 

 

394

 

 

 

311

 

 

 

2,511

 

 

 

3,216

 

 

 

529,490

 

 

 

532,706

 

Farmland

 

 

0

 

 

 

0

 

 

 

274

 

 

 

274

 

 

 

177,143

 

 

 

177,417

 

Other

 

 

56

 

 

 

0

 

 

 

60

 

 

 

116

 

 

 

137,878

 

 

 

137,994

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

256

 

 

 

100

 

 

 

7,244

 

 

 

7,600

 

 

 

304,932

 

 

 

312,532

 

Agricultural

 

 

100

 

 

 

28

 

 

 

40

 

 

 

168

 

 

 

54,706

 

 

 

54,874

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

4,452

 

 

 

1,077

 

 

 

3,822

 

 

 

9,351

 

 

 

443,441

 

 

 

452,792

 

Home equity lines of credit

 

 

80

 

 

 

12

 

 

 

953

 

 

 

1,045

 

 

 

126,405

 

 

 

127,450

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

 

795

 

 

 

275

 

 

 

578

 

 

 

1,648

 

 

 

163,112

 

 

 

164,760

 

Direct

 

 

203

 

 

 

91

 

 

 

280

 

 

 

574

 

 

 

20,614

 

 

 

21,188

 

Other

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

9,395

 

 

 

9,395

 

Total loans

 

$

6,406

 

 

$

2,485

 

 

$

16,195

 

 

$

25,086

 

 

$

2,305,996

 

 

$

2,331,082

 

 

 

December 31, 2020

 

30-59

Days Past

Due

 

 

60-89

Days Past

Due

 

 

90 Days or More Past Due

and Nonaccrual

 

 

Total Past

Due

 

 

Loans Not

Past Due

 

 

Total

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

0

 

 

$

335

 

 

$

335

 

 

$

214,460

 

 

$

214,795

 

Non-owner occupied

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

309,216

 

 

 

309,216

 

Farmland

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

156,053

 

 

 

156,053

 

Other

 

 

261

 

 

 

0

 

 

 

0

 

 

 

261

 

 

 

77,725

 

 

 

77,986

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

356

 

 

 

61

 

 

 

3,334

 

 

 

3,751

 

 

 

378,594

 

 

 

382,345

 

Agricultural

 

 

45

 

 

 

255

 

 

 

205

 

 

 

505

 

 

 

44,555

 

 

 

45,060

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

1,668

 

 

 

974

 

 

 

1,089

 

 

 

3,731

 

 

 

320,129

 

 

 

323,860

 

Home equity lines of credit

 

 

419

 

 

 

0

 

 

 

603

 

 

 

1,022

 

 

 

91,957

 

 

 

92,979

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect

 

 

1,046

 

 

 

285

 

 

 

712

 

 

 

2,043

 

 

 

168,245

 

 

 

170,288

 

Direct

 

 

284

 

 

 

120

 

 

 

268

 

 

 

672

 

 

 

22,789

 

 

 

23,461

 

Other

 

 

24

 

 

 

22

 

 

 

6

 

 

 

52

 

 

 

9,816

 

 

 

9,868

 

Total originated loans:

 

$

4,103

 

 

$

1,717

 

 

$

6,552

 

 

$

12,372

 

 

$

1,793,539

 

 

$

1,805,911

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

0

 

 

$

0

 

 

$

27

 

 

$

27

 

 

$

45,072

 

 

 

45,099

 

Non-owner occupied

 

 

197

 

 

 

0

 

 

 

362

 

 

 

559

 

 

 

52,295

 

 

 

52,854

 

Farmland

 

 

0

 

 

 

0

 

 

 

566

 

 

 

566

 

 

 

25,513

 

 

 

26,079

 

Other

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

12,868

 

 

 

12,868

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

19

 

 

 

390

 

 

 

477

 

 

 

886

 

 

 

17,772

 

 

 

18,658

 

Agricultural

 

 

4

 

 

 

0

 

 

 

4

 

 

 

8

 

 

 

4,841

 

 

 

4,849

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

1,954

 

 

 

821

 

 

 

5,597

 

 

 

8,372

 

 

 

80,745

 

 

 

89,117

 

Home equity lines of credit

 

 

23

 

 

 

0

 

 

 

186

 

 

 

209

 

 

 

17,175

 

 

 

17,384

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

 

20

 

 

 

49

 

 

 

64

 

 

 

133

 

 

 

4,995

 

 

 

5,128

 

Other

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

97

 

 

 

97

 

Total acquired loans

 

$

2,217

 

 

$

1,260

 

 

$

7,283

 

 

$

10,760

 

 

$

261,373

 

 

$

272,133

 

Total loans

 

$

6,320

 

 

$

2,977

 

 

$

13,835

 

 

$

23,132

 

 

$

2,054,912

 

 

$

2,078,044

 

 

Schedule of Loans By Class Modified as Troubled Debt Restructurings

The following tables present loans by class modified as troubled debt restructurings that occurred during the years ending December 31, 2021, 2020 and 2019:

 

 

 

 

 

 

 

Pre-

Modification

 

 

Post-

Modification

 

December 31, 2021

 

Number of

 

 

Outstanding

Recorded

 

 

Outstanding

Recorded

 

Troubled Debt Restructurings:

 

Loans

 

 

Investment

 

 

Investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

4

 

 

 

22

 

 

 

22

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

11

 

 

 

636

 

 

 

624

 

Home equity lines of credit

 

 

7

 

 

 

264

 

 

 

264

 

Indirect

 

 

13

 

 

 

124

 

 

 

124

 

Consumer

 

 

4

 

 

 

17

 

 

 

17

 

Total loans

 

 

39

 

 

$

1,063

 

 

$

1,051

 

 

 

 

 

 

 

 

Pre-

Modification

 

 

Post-

Modification

 

December 31, 2020

 

Number of

 

 

Outstanding

Recorded

 

 

Outstanding

Recorded

 

Troubled Debt Restructurings:

 

Loans

 

 

Investment

 

 

Investment

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Agricultural

 

 

1

 

 

$

21

 

 

$

21

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

7

 

 

 

261

 

 

 

262

 

Home equity lines of credit

 

 

4

 

 

 

100

 

 

 

102

 

Indirect

 

 

29

 

 

 

182

 

 

 

182

 

Consumer

 

 

1

 

 

 

15

 

 

 

15

 

Total originated loans

 

 

42

 

 

$

579

 

 

$

582

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

3

 

 

 

140

 

 

 

144

 

Total acquired loans

 

 

3

 

 

$

140

 

 

$

144

 

Total loans

 

 

45

 

 

$

719

 

 

$

726

 

 

 

 

 

 

 

Pre-

Modification

 

 

Post-

Modification

 

December 31, 2019

 

Number of

 

 

Outstanding

Recorded

 

 

Outstanding

Recorded

 

Troubled Debt Restructurings:

 

Loans

 

 

Investment

 

 

Investment

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

1

 

 

$

12

 

 

$

12

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

181

 

1-4 family residential

 

 

6

 

 

 

178

 

 

 

94

 

Home equity lines of credit

 

 

3

 

 

 

90

 

 

 

337

 

Indirect

 

 

39

 

 

 

337

 

 

 

46

 

Consumer

 

 

2

 

 

 

46

 

 

 

0

 

Total originated loans

 

 

51

 

 

$

663

 

 

$

670

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

Farmland

 

 

3

 

 

 

527

 

 

 

527

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

1

 

 

 

27

 

 

 

27

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

1-4 family residential

 

 

4

 

 

 

201

 

 

 

205

 

Home equity lines of credit

 

 

1

 

 

 

17

 

 

 

17

 

Consumer

 

 

3

 

 

 

14

 

 

 

14

 

Total acquired loans

 

 

12

 

 

$

786

 

 

$

790

 

Total loans

 

 

63

 

 

$

1,449

 

 

$

1,460

 

Risk Category of Loans by Class of Loans

Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

 

December 31, 2021

 

Pass

 

 

Special

Mention

 

 

Sub

standard

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

330,754

 

 

$

5,006

 

 

$

4,214

 

 

$

339,974

 

Non-owner occupied

 

 

495,170

 

 

 

19,366

 

 

 

18,170

 

 

 

532,706

 

Farmland

 

 

174,580

 

 

 

2,160

 

 

 

677

 

 

 

177,417

 

Other

 

 

137,063

 

 

 

784

 

 

 

147

 

 

 

137,994

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

301,879

 

 

 

1,190

 

 

 

9,463

 

 

 

312,532

 

Agricultural

 

 

54,394

 

 

 

397

 

 

 

83

 

 

 

54,874

 

Total loans

 

$

1,493,840

 

 

$

28,903

 

 

$

32,754

 

 

$

1,555,497

 

 

December 31, 2020

 

Pass

 

 

Special

Mention

 

 

Sub

standard

 

 

Total

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

208,289

 

 

$

5,121

 

 

$

1,385

 

 

$

214,795

 

Non-owner occupied

 

 

290,773

 

 

 

11,240

 

 

 

7,203

 

 

 

309,216

 

Farmland

 

 

153,225

 

 

 

2,464

 

 

 

364

 

 

 

156,053

 

Other

 

 

77,432

 

 

 

387

 

 

 

167

 

 

 

77,986

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

372,083

 

 

 

1,522

 

 

 

8,740

 

 

 

382,345

 

Agricultural

 

 

44,527

 

 

 

320

 

 

 

213

 

 

 

45,060

 

Total originated loans

 

$

1,146,329

 

 

$

21,054

 

 

$

18,072

 

 

$

1,185,455

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

 

$

44,031

 

 

$

87

 

 

$

981

 

 

$

45,099

 

Non-owner occupied

 

 

50,053

 

 

 

49

 

 

 

2,752

 

 

 

52,854

 

Farmland

 

 

24,637

 

 

 

100

 

 

 

1,342

 

 

 

26,079

 

Other

 

 

12,868

 

 

 

0

 

 

 

0

 

 

 

12,868

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

16,246

 

 

 

0

 

 

 

2,412

 

 

 

18,658

 

Agricultural

 

 

4,481

 

 

 

303

 

 

 

65

 

 

 

4,849

 

Total acquired loans

 

$

152,316

 

 

$

539

 

 

$

7,552

 

 

$

160,407

 

Total loans

 

$

1,298,645

 

 

$

21,593

 

 

$

25,624

 

 

$

1,345,862

 

 

Investment in Residential, Consumer and Indirect Auto Loans Based on Payment Activity

The following table presents the recorded investment in residential, consumer and indirect auto loans based on payment activity.  Nonperforming loans are loans past due 90 days and still accruing interest and nonaccrual loans.

 

 

 

Residential Real Estate

 

 

Consumer

 

December 31, 2021

 

1-4 Family Residential

 

 

Home Equity Lines of Credit

 

 

Indirect

 

 

Direct

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

448,970

 

 

$

126,497

 

 

$

164,182

 

 

$

20,908

 

 

$

9,395

 

Nonperforming

 

 

3,822

 

 

 

953

 

 

 

578

 

 

 

280

 

 

 

0

 

Total loans

 

$

452,792

 

 

$

127,450

 

 

$

164,760

 

 

$

21,188

 

 

$

9,395

 

 

 

Residential Real Estate

 

 

Consumer

 

December 31, 2020

 

1-4 Family Residential

 

 

Home Equity Lines of Credit

 

 

Indirect

 

 

Direct

 

 

Other

 

Originated loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

$

322,771

 

 

$

92,376

 

 

$

169,576

 

 

$

23,193

 

 

$

9,862

 

Nonperforming

 

 

1,089

 

 

 

603

 

 

 

712

 

 

 

268

 

 

 

6

 

Total originated loans

 

$

323,860

 

 

$

92,979

 

 

$

170,288

 

 

$

23,461

 

 

$

9,868

 

Acquired loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

 

 

83,520

 

 

 

17,198

 

 

 

0

 

 

 

5,064

 

 

 

97

 

Nonperforming

 

 

5,597

 

 

 

186

 

 

 

0

 

 

 

64

 

 

 

0

 

Total acquired loans

 

$

89,117

 

 

$

17,384

 

 

$

0

 

 

$

5,128

 

 

$

97

 

Total loans

 

$

412,977

 

 

$

110,363

 

 

$

170,288

 

 

$

28,589

 

 

$

9,965

 

 

 

Risk Categories and Year of Origination

The following table presents total loans by risk categories and year of origination.

 

 

Term Loans Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31

 

2021

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

Prior

 

 

Revolving Loans

 

 

Total

 

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

177,091

 

 

$

143,421

 

 

$

169,670

 

 

$

121,520

 

 

$

107,577

 

 

$

221,235

 

 

$

22,473

 

 

$

962,987

 

Special mention

 

 

1,017

 

 

 

0

 

 

 

7,140

 

 

 

6,755

 

 

 

3,298

 

 

 

6,946

 

 

 

0

 

 

 

25,156

 

Substandard

 

 

0

 

 

 

721

 

 

 

2,664

 

 

 

498

 

 

 

3,321

 

 

 

14,721

 

 

 

606

 

 

 

22,531

 

Total commercial real estate loans

 

$

178,108

 

 

$

144,142

 

 

$

179,474

 

 

$

128,773

 

 

$

114,196

 

 

$

242,902

 

 

$

23,079

 

 

$

1,010,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

96,395

 

 

$

53,766

 

 

$

28,669

 

 

$

21,617

 

 

$

12,735

 

 

$

18,036

 

 

$

70,661

 

 

$

301,879

 

Special mention

 

 

572

 

 

 

105

 

 

 

108

 

 

 

278

 

 

 

3

 

 

 

0

 

 

 

124

 

 

 

1,190

 

Substandard

 

 

3,053

 

 

 

1,676

 

 

 

312

 

 

 

276

 

 

 

695

 

 

 

2,155

 

 

 

1,296

 

 

 

9,463

 

Total commercial loans

 

$

100,020

 

 

$

55,547

 

 

$

29,089

 

 

$

22,171

 

 

$

13,433

 

 

$

20,191

 

 

$

72,081

 

 

$

312,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agricultural

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

45,015

 

 

$

51,913

 

 

$

28,652

 

 

$

29,372

 

 

$

19,032

 

 

$

34,069

 

 

$

20,921

 

 

$

228,974

 

Special mention

 

 

0

 

 

 

233

 

 

 

32

 

 

 

0

 

 

 

2,060

 

 

 

0

 

 

 

231

 

 

 

2,556

 

Substandard

 

 

353

 

 

 

19

 

 

 

62

 

 

 

20

 

 

 

0

 

 

 

277

 

 

 

30

 

 

 

761

 

Total agricultural loans

 

$

45,368

 

 

$

52,165

 

 

$

28,746

 

 

$

29,392

 

 

$

21,092

 

 

$

34,346

 

 

$

21,182

 

 

$

232,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

96,660

 

 

$

93,853

 

 

$

39,591

 

 

$

32,227

 

 

$

42,420

 

 

$

135,887

 

 

$

3,475

 

 

$

444,113

 

Special mention

 

 

0

 

 

 

74

 

 

 

134

 

 

 

82

 

 

 

95

 

 

 

48

 

 

 

0

 

 

 

433

 

Substandard

 

 

48

 

 

 

0

 

 

 

111

 

 

 

28

 

 

 

380

 

 

 

7,679

 

 

 

0

 

 

 

8,246

 

Total residential real estate loans

 

$

96,708

 

 

$

93,927

 

 

$

39,836

 

 

$

32,337

 

 

$

42,895

 

 

$

143,614

 

 

$

3,475

 

 

$

452,792

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity lines of credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

820

 

 

$

959

 

 

$

233

 

 

$

468

 

 

$

752

 

 

$

2,765

 

 

$

119,430

 

 

$

125,427

 

Special mention

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

48

 

 

 

48

 

Substandard

 

 

0

 

 

 

0

 

 

 

20

 

 

 

142

 

 

 

74

 

 

 

1,590

 

 

 

149

 

 

 

1,975

 

Total home equity lines of credit

 

$

820

 

 

$

959

 

 

$

253

 

 

$

610

 

 

$

826

 

 

$

4,355

 

 

$

119,627

 

 

$

127,450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

61,704

 

 

$

46,501

 

 

$

35,581

 

 

$

21,184

 

 

$

9,532

 

 

$

11,504

 

 

$

8,099

 

 

$

194,105

 

Special mention

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Substandard

 

 

105

 

 

 

224

 

 

 

294

 

 

 

106

 

 

 

146

 

 

 

363

 

 

 

0

 

 

 

1,238

 

Total consumer loans

 

$

61,809

 

 

$

46,725

 

 

$

35,875

 

 

$

21,290

 

 

$

9,678

 

 

$

11,867

 

 

$

8,099

 

 

$

195,343

 

 

Summary of Loan Pools and Methodology Used in Calculation of Allowance for Credit Losses

The following table presents the loan pools and the associated methodology used during the calculation of the allowance for credit losses in 2021.

 

Portfolio Segments

 

Loan Pool

 

Methodology

 

Loss Drivers

Residential real estate

 

1-4 Family Residential Real Estate - 1st Liens

 

Cohort

 

Credit Loss History

 

 

1-4 Family Residential Real Estate - 2nd Liens

 

Cohort

 

Credit Loss History

Home Equity Lines of Credit

 

Home Equity Lines of Credit

 

Cohort

 

Credit Loss History

Consumer Finance

 

Cash Reserves

 

Cohort

 

Credit Loss History

 

 

Direct

 

Cohort

 

Credit Loss History

 

 

Indirect

 

Cohort

 

Credit Loss History

Commercial

 

Commercial and Industrial

 

PD/LGD

 

Credit Loss History

 

 

Agricultural

 

PD/LGD

 

Credit Loss History

 

 

Municipal

 

PD/LGD

 

Credit Loss History

Commercial real estate

 

Owner Occupied

 

PD/LGD

 

Credit Loss History

 

 

Non-Owner Occupied

 

PD/LGD

 

Credit Loss History

 

 

Multifamily

 

PD/LGD

 

Credit Loss History

 

 

Farmland

 

PD/LGD

 

Credit Loss History

 

 

Construction

 

PD/LGD

 

Credit Loss History

Schedule of Par Value of Purchased Loans Par value of purchased loans was as follows (in thousands):

 

 

 

2021

 

Par value of acquired loans at acquisition

 

$

483,666

 

Net purchase discount

 

 

(4,207

)

Allowance for credit losses of PCD loans

 

 

(1,295

)

Fair value of loans at acquisition

 

$

478,164

 

 

Schedule of Outstanding Balance and Related Allowance on Loans The outstanding balance at December 31, 2021 and related allowance on these loans is as follows (in thousands):

 

 

Loan Balance

 

 

ACL Balance

 

Commercial real estate

 

 

 

 

 

 

 

 

Owner Occupied

 

$

3,066

 

 

$

89

 

Non-owner Occupied

 

 

24,694

 

 

 

804

 

Other

 

 

788

 

 

 

3

 

 

 

 

28,548

 

 

 

896

 

Commercial

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

2,911

 

 

 

196

 

Residential real estate

 

 

 

 

 

 

 

 

1-4 family residential

 

 

505

 

 

 

4

 

 

 

 

 

 

 

 

 

 

Total

 

$

31,964

 

 

$

1,096