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v3.23.1

Loans and Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2023
Receivables [Abstract] |
Loans by Type as Percentage of Portfolio | Loans by type as a percentage of the portfolio were as follows:
| March 31, 2023 |  |  | December 31, 2022 |  |  |  |  |
(Dollars in thousands) | Balance |  | % |  |  | Balance |  | % |  |  | Percent Increase (Decrease)
Agricultural | $ | 55,995 |  |  | 4.63 | % |  |  | 64,159 |  |  | 5.39 | % |  |  | (12.72 | ) | %
Commercial and Industrial |  | 217,063 |  |  | 17.93 | % |  |  | 210,210 |  |  | 17.67 | % |  |  | 3.26 |  | %
Commercial Real Estate |  | 648,202 |  |  | 53.54 | % |  |  | 630,953 |  |  | 53.03 | % |  |  | 2.73 |  | %
Consumer |  | 38,891 |  |  | 3.21 | % |  |  | 39,808 |  |  | 3.35 | % |  |  | (2.30 | ) | %
Construction Real Estate |  | 13,939 |  |  | 1.15 | % |  |  | 14,736 |  |  | 1.24 | % |  |  | (5.41 | ) | %
Residential Real Estate |  | 236,493 |  |  | 19.54 | % |  |  | 229,916 |  |  | 19.32 | % |  |  | 2.86 |  | %
Gross Loans | $ | 1,210,583 |  |  |  |  | $ | 1,189,782 |  |  |  |  |  |  |
Allowance for credit losses |  | 15,065 |  |  | 1.24 | % |  |  | 7,619 |  |  | 0.64 | % |  |  |  |
Net loans | $ | 1,195,518 |  |  |  |  | $ | 1,182,163 |  |  |  |  |  |  |
Allowance for Credit Losses and Balances in Loan Portfolio | Activity in the allowance for credit losses and balances in the loan portfolio were as follows:
|  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  | and |  |  |  |  |  | Commercial |  |  | Construction |  |  | Residential |  |  |  |  |  |  |
|  | Agricultural |  |  | Industrial |  |  | Consumer |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Unallocated |  |  | Total |
Allowance for Credit Losses Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 144 |  |  | $ | 1,361 |  |  | $ | 310 |  |  | $ | 4,822 |  |  | $ | 63 |  |  | $ | 906 |  |  | $ | 13 |  |  | $ | 7,619 |
Cumulative effect of change in accounting principle |  |  | 14 |  |  |  | 1,587 |  |  |  | 541 |  |  |  | 3,006 |  |  |  | 20 |  |  |  | 2,010 |  |  |  | (13 | ) |  |  | 7,165 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | (140 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (140 | )
Recoveries |  |  | — |  |  |  | 27 |  |  |  | 69 |  |  |  | 13 |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | 112 |
Provision |  |  | (23 | ) |  |  | 45 |  |  |  | 133 |  |  |  | (4 | ) |  |  | (10 | ) |  |  | 168 |  |  |  | — |  |  |  | 309 |
Ending balance |  | $ | 135 |  |  | $ | 3,020 |  |  | $ | 913 |  |  | $ | 7,837 |  |  | $ | 73 |  |  | $ | 3,087 |  |  | $ | — |  |  | $ | 15,065 |
Individually evaluated for credit loss |  | $ | 1 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |  |  | $ | 52 |
Collectively evaluated for credit loss |  | $ | 134 |  |  | $ | 3,013 |  |  | $ | 912 |  |  | $ | 7,836 |  |  | $ | 73 |  |  | $ | 3,045 |  |  | $ | — |  |  | $ | 15,013 |
Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for credit loss |  | $ | 18 |  |  | $ | 180 |  |  | $ | 27 |  |  | $ | 32 |  |  | $ | — |  |  | $ | 1,894 |  |  |  |  |  | $ | 2,151 |
Collectively evaluated for credit loss |  |  | 55,977 |  |  |  | 216,883 |  |  |  | 38,864 |  |  |  | 648,170 |  |  |  | 13,939 |  |  |  | 234,599 |  |  |  |  |  |  | 1,208,432 |
Ending balance |  | $ | 55,995 |  |  | $ | 217,063 |  |  | $ | 38,891 |  |  | $ | 648,202 |  |  | $ | 13,939 |  |  | $ | 236,493 |  |  |  |  |  | $ | 1,210,583 |
|  |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  | and |  |  |  |  |  | Commercial |  |  | Construction |  |  | Residential |  |  |  |  |  |  |
| Agricultural |  |  | Industrial |  |  | Consumer |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Unallocated |  |  | Total |
Allowance for Loan Losses Three Months Ended March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 448 |  |  | $ | 1,454 |  |  | $ | 290 |  |  | $ | 3,705 |  |  | $ | 110 |  |  | $ | 671 |  |  | $ | 1,010 |  |  | $ | 7,688 |
Charge-offs | — |  |  |  | (31 | ) |  |  | (112 | ) |  |  | - |  |  | — |  |  |  | — |  |  | — |  |  |  | (143 | )
Recoveries | — |  |  |  | 2 |  |  |  | 52 |  |  |  | 1 |  |  | — |  |  |  | 1 |  |  | — |  |  |  | 56 |
Provision |  | (61 | ) |  |  | 327 |  |  |  | 74 |  |  |  | (16 | ) |  |  | (73 | ) |  |  | (83 | ) |  |  | (168 | ) |  |  | — |
Ending balance | $ | 387 |  |  | $ | 1,752 |  |  | $ | 304 |  |  | $ | 3,690 |  |  | $ | 37 |  |  | $ | 589 |  |  | $ | 842 |  |  | $ | 7,601 |
Individually evaluated for impairment | $ | 253 |  |  | $ | 116 |  |  | $ | 3 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 167 |  |  | $ | — |  |  | $ | 548 |
Collectively evaluated for impairment | $ | 134 |  |  | $ | 1,636 |  |  | $ | 301 |  |  | $ | 3,681 |  |  | $ | 37 |  |  | $ | 422 |  |  | $ | 842 |  |  | $ | 7,053 |
Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 2,542 |  |  | $ | 356 |  |  | $ | 32 |  |  | $ | 157 |  |  | $ | — |  |  | $ | 1,853 |  |  |  |  |  | $ | 4,940 |
Collectively evaluated for impairment |  | 59,076 |  |  |  | 194,024 |  |  |  | 36,108 |  |  |  | 527,743 |  |  |  | 15,669 |  |  |  | 174,206 |  |  |  |  |  |  | 1,006,826 |
Acquired with deteriorated credit quality | — |  |  |  | 4,534 |  |  |  | 11 |  |  |  | 9,352 |  |  | — |  |  |  | 1,743 |  |  |  |  |  |  | 15,640 |
Ending balance | $ | 61,618 |  |  | $ | 198,914 |  |  | $ | 36,151 |  |  | $ | 537,252 |  |  | $ | 15,669 |  |  | $ | 177,802 |  |  |  |  |  | $ | 1,027,406 |
|  |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  | and |  |  |  |  |  | Commercial |  |  | Construction |  |  | Residential |  |  |  |  |  |  |
| Agricultural |  |  | Industrial |  |  | Consumer |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Unallocated |  |  | Total |
Allowance for Loan Losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 2 |  |  | $ | 14 |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 131 |  |  | $ | — |  |  | $ | 153 |
Collectively evaluated for impairment | $ | 142 |  |  | $ | 1,347 |  |  | $ | 309 |  |  | $ | 4,817 |  |  | $ | 63 |  |  | $ | 775 |  |  | $ | 13 |  |  | $ | 7,466 |
Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 23 |  |  | $ | 177 |  |  | $ | 7 |  |  | $ | 165 |  |  | $— |  |  | $ | 2,474 |  |  |  |  |  | $ | 2,846 |
Collectively evaluated for impairment |  | 64,136 |  |  |  | 206,074 |  |  |  | 39,793 |  |  |  | 622,131 |  |  |  | 14,736 |  |  |  | 225,792 |  |  |  |  |  |  | 1,172,662 |
Acquired with deteriorated credit quality | — |  |  |  | 3,959 |  |  |  | 8 |  |  |  | 8,657 |  |  | — |  |  |  | 1,650 |  |  |  |  |  |  | 14,274 |
Ending balance | $ | 64,159 |  |  | $ | 210,210 |  |  | $ | 39,808 |  |  | $ | 630,953 |  |  | $ | 14,736 |  |  | $ | 229,916 |  |  |  |  |  | $ | 1,189,782 |
Schedule of Amortized Cost Basis of Loans | The following table reflects the amortized cost basis of loans as of March 31, 2023 based on year of origination (dollars in thousands):
Commercial: | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Term Loans Total |  |  | Revolving Loans |  |  | Grand Total |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 19 |  |  | $ | 19,463 |  |  | $ | 3,285 |  |  | $ | 1,905 |  |  | $ | 7,853 |  |  | $ | 18,052 |  |  | $ | 50,577 |  |  | $ | 5,149 |  |  | $ | 55,726 |
Special mention |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 184 |  |  |  | 85 |  |  |  | 269 |  |  |  | - |  |  |  | 269 |
Substandard |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Doubtful |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loss |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total | $ | 19 |  |  | $ | 19,463 |  |  | $ | 3,285 |  |  | $ | 1,905 |  |  | $ | 8,037 |  |  | $ | 18,137 |  |  | $ | 50,846 |  |  | $ | 5,149 |  |  | $ | 55,995 |
Current year-to-date gross write-offs | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 9,644 |  |  | $ | 49,508 |  |  | $ | 31,241 |  |  | $ | 14,120 |  |  | $ | 16,186 |  |  | $ | 16,174 |  |  | $ | 136,873 |  |  | $ | 79,836 |  |  | $ | 216,709 |
Special mention |  | - |  |  |  | - |  |  |  | 38 |  |  |  | 161 |  |  |  | 110 |  |  |  | 38 |  |  |  | 347 |  |  |  | - |  |  |  | 347 |
Substandard |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 7 |  |  |  | - |  |  |  | 7 |
Doubtful |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loss |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total | $ | 9,644 |  |  | $ | 49,508 |  |  | $ | 31,279 |  |  | $ | 14,281 |  |  | $ | 16,296 |  |  | $ | 16,219 |  |  | $ | 137,227 |  |  | $ | 79,836 |  |  | $ | 217,063 |
Current year-to-date gross write-offs | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 20,489 |  |  | $ | 136,340 |  |  | $ | 129,054 |  |  | $ | 85,247 |  |  | $ | 49,365 |  |  | $ | 158,159 |  |  | $ | 578,654 |  |  | $ | 64,573 |  |  | $ | 643,227 |
Special mention |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 761 |  |  |  | 761 |  |  |  | - |  |  |  | 761 |
Substandard |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,214 |  |  |  | 4,214 |  |  |  | - |  |  |  | 4,214 |
Doubtful |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loss |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total | $ | 20,489 |  |  | $ | 136,340 |  |  | $ | 129,054 |  |  | $ | 85,247 |  |  | $ | 49,365 |  |  | $ | 163,134 |  |  | $ | 583,629 |  |  | $ | 64,573 |  |  | $ | 648,202 |
Retail: | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Term Loans Total |  |  | Revolving Loans |  |  | Grand Total |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 2,786 |  |  | $ | 17,480 |  |  | $ | 9,478 |  |  | $ | 4,431 |  |  | $ | 2,094 |  |  | $ | 2,034 |  |  | $ | 38,303 |  |  | $ | 588 |  |  | $ | 38,891 |
Nonperforming |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonaccrual |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total | $ | 2,786 |  |  | $ | 17,480 |  |  | $ | 9,478 |  |  | $ | 4,431 |  |  | $ | 2,094 |  |  | $ | 2,034 |  |  | $ | 38,303 |  |  | $ | 588 |  |  | $ | 38,891 |
Current year-to-date gross write-offs | $ | - |  |  | $ | 12 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 20 |  |  | $ | - |  |  | $ | 20 |
Construction real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | - |  |  | $ | 1,599 |  |  | $ | 1,001 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,600 |  |  | $ | 11,339 |  |  | $ | 13,939 |
Nonperforming |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonaccrual |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total | $ | - |  |  | $ | 1,599 |  |  | $ | 1,001 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,600 |  |  | $ | 11,339 |  |  | $ | 13,939 |
Current year-to-date gross write-offs | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 9,793 |  |  | $ | 70,595 |  |  | $ | 30,957 |  |  | $ | 18,271 |  |  | $ | 14,386 |  |  | $ | 46,875 |  |  | $ | 190,877 |  |  | $ | 44,020 |  |  | $ | 234,897 |
Nonperforming |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonaccrual |  | - |  |  |  | 420 |  |  |  | 214 |  |  |  | - |  |  |  | - |  |  |  | 885 |  |  |  | 1,519 |  |  |  | 77 |  |  |  | 1,596 |
Total | $ | 9,793 |  |  | $ | 71,015 |  |  | $ | 31,171 |  |  | $ | 18,271 |  |  | $ | 14,386 |  |  | $ | 47,760 |  |  | $ | 192,396 |  |  | $ | 44,097 |  |  | $ | 236,493 |
Schedule of Information Regarding Credit Exposure | Corporate Credit Exposure - Credit risk profile by credit worthiness category
(Dollars in thousands) | Agricultural |  |  | Commercial and Industrial |  |  | Commercial Real Estate |
| December 31, |  |  | December 31, |  |  | December 31, |
| 2022 |  |  | 2022 |  |  | 2022 |
Pass | $ | 63,867 |  |  | $ | 209,700 |  |  | $ | 624,555 |
Special Mention |  | 289 |  |  |  | 400 |  |  |  | 2,048 |
Substandard |  | 3 |  |  |  | 110 |  |  |  | 4,350 |
Doubtful |  | — |  |  |  | - |  |  |  | — |
Loss |  | - |  |  |  | - |  |  |  | - |
| $ | 64,159 |  |  | $ | 210,210 |  |  | $ | 630,953 |
Consumer Credit Exposure - Credit risk profile based on payment activity
(Dollars in thousands) | Consumer |  |  | Construction Real Estate |  |  | Residential Real Estate |
| December 31, |  |  | December 31, |  |  | December 31, |
| 2022 |  |  | 2022 |  |  | 2022 |
Performing | $ | 39,808 |  |  | $ | 14,736 |  |  | $ | 228,653 |
Nonperforming |  | — |  |  |  | — |  |  |  | — |
Nonaccrual |  | — |  |  |  | — |  |  |  | 1,263 |
| $ | 39,808 |  |  | $ | 14,736 |  |  | $ | 229,916 |
Summary of Troubled Loan Modification (TLMs) | The following table provides information on loans that were considered troubled loan modification ("TLMs") that were modified during the three months ended March 31, 2023
| Three Months Ended March 31, 2023 |  |
| Term extension |  |
|  |  |  | % of total |  |
|  |  |  | class of |  |
(Dollars in thousands) | Amortized |  |  | financing |  |
| Cost basis |  |  | receivable |  |
Residential real estate | $ | 129 |  |  |  | 0 | % |
Total |  | 129 |  |  |  |  |
| Three Months Ended March 31, 2023 |
| Term extension |
Residential real estate | Provided twelve month payment plan to catch up past due amount through our standard program. |
| Three Months Ended March 31, 2023 |
(Dollars in thousands) | Term extension |
Residential real estate | $ | 129 |
Total | $ | 129 |
| Three Months Ended March 31, 2023 |
(Dollars in thousands) | Current |  |  | 30-89 days |  |  | Greater than 90 days |  |  | Total |
Residential real estate | $ | 129 |  |  |  | — |  |  |  | — |  |  |  | — |
Total | $ | 129 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Summary of Trouble Debt Restructurings (TDRs) | The following table provides information on loans that were considered troubled debt restructurings ("TDRs") that were modified during the three months ended March 31, 2022.
| Three Months Ended March 31, 2022 |
|  |  |  | Pre- |  |  | Post- |
|  |  |  | Modification |  |  | Modification |
|  |  |  | Outstanding |  |  | Outstanding |
(Dollars in thousands) | Number of |  |  | Recorded |  |  | Recorded |
| Loans |  |  | Investment |  |  | Investment |
Agricultural |  | 1 |  |  | $ | 258 |  |  | $ | 258 |
Total |  | 1 |  |  | $ | 258 |  |  | $ | 258 |
Schedule of Loans for Impairment and Interest Recognized on Impaired Loans | The following schedule provides information regarding average balances of loans evaluated for impairment and interest recognized on impaired loans for the three months ended three months ended December 31, 2022 and March 31, 2022:
|  |  |  |  |  |  | Interest |
(Dollars in thousands) | Recorded |  |  | Related |  |  | Income |
| Investment |  |  | Allowance |  |  | Recognized |
December 31, 2022 |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |
Agricultural | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial |  | — |  |  |  | — |  |  |  | — |
Consumer |  | — |  |  |  | — |  |  |  | — |
Construction real estate |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  | — |  |  |  | — |  |  |  | — |
Residential real estate |  | 550 |  |  |  | — |  |  |  | 1 |
Subtotal |  | 550 |  |  |  | — |  |  |  | 1 |
With an allowance recorded |  |  |  |  |  |  |  |
Agricultural |  | 23 |  |  |  | 2 |  |  |  | 2 |
Commercial and industrial |  | 177 |  |  |  | 14 |  |  |  | 13 |
Consumer |  | 7 |  |  |  | 1 |  |  |  | 1 |
Construction real estate |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  | 165 |  |  |  | 5 |  |  |  | 13 |
Residential real estate |  | 1,924 |  |  |  | 131 |  |  |  | 93 |
Subtotal |  | 2,296 |  |  |  | 153 |  |  |  | 122 |
Total |  |  |  |  |  |  |  |
Agricultural |  | 23 |  |  |  | 2 |  |  |  | 2 |
Commercial and industrial |  | 177 |  |  |  | 14 |  |  |  | 13 |
Consumer |  | 7 |  |  |  | 1 |  |  |  | 1 |
Construction real estate |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  | 165 |  |  |  | 5 |  |  |  | 13 |
Residential real estate |  | 2,474 |  |  |  | 131 |  |  |  | 94 |
Total | $ | 2,846 |  |  | $ | 153 |  |  | $ | 123 |
|  |  |  |  |  |  | Interest |
(Dollars in thousands) | Recorded |  |  | Related |  |  | Income |
| Investment |  |  | Allowance |  |  | Recognized |
March 31, 2022 |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |
Agricultural | $ | 314 |  |  | $ | — |  |  | $ | — |
Commercial and industrial |  | 92 |  |  |  | — |  |  |  | 1 |
Consumer |  | — |  |  |  | — |  |  |  | — |
Construction real estate |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  | — |  |  |  | — |  |  |  | — |
Residential real estate |  | - |  |  |  | — |  |  |  | — |
Subtotal |  | 406 |  |  |  | — |  |  |  | 1 |
With an allowance recorded |  |  |  |  |  |  |  |
Agricultural |  | 2,228 |  |  |  | 253 |  |  |  | 42 |
Commercial and industrial |  | 264 |  |  |  | 116 |  |  |  | 2 |
Consumer |  | 32 |  |  |  | 3 |  |  |  | — |
Construction real estate |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  | 157 |  |  |  | 8 |  |  |  | 3 |
Residential real estate |  | 1,853 |  |  |  | 167 |  |  |  | 17 |
Subtotal |  | 4,534 |  |  |  | 547 |  |  |  | 64 |
Total |  |  |  |  |  |  |  |
Agricultural |  | 2,542 |  |  |  | 253 |  |  |  | 42 |
Commercial and industrial |  | 356 |  |  |  | 116 |  |  |  | 3 |
Consumer |  | 32 |  |  |  | 3 |  |  |  | — |
Construction real estate |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  | 157 |  |  |  | 8 |  |  |  | 3 |
Residential real estate |  | 1,853 |  |  |  | 167 |  |  |  | 17 |
Total | $ | 4,940 |  |  | $ | 547 |  |  | $ | 65 |
Aging Analysis of Loans by Loan Category | An aging analysis of loans by loan category follows:
|  |  |  |  |  |  | Loans |  |  |  |  |  |  |  |  |  |  |  | Loans |
| Loans |  |  | Loans |  |  | Past Due |  |  |  |  |  |  |  |  |  |  |  | 90 Days |
| Past Due |  |  | Past Due |  |  | Greater |  |  |  |  |  |  |  |  |  |  |  | Past |
(Dollars in thousands) | 30 to 59 |  |  | 60 to 89 |  |  | Than 90 |  |  |  |  |  | Loans Not |  |  | Total |  |  | Due and |
| Days (1) |  |  | Days (1) |  |  | Days (1) |  |  | Total (1) |  |  | Past Due |  |  | Loans |  |  | Accruing |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agricultural | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 55,995 |  |  | $ | 55,995 |  |  | $ | — |
Commercial and industrial |  | 174 |  |  |  | — |  |  |  | — |  |  |  | 174 |  |  |  | 216,889 |  |  |  | 217,063 |  |  |  | — |
Consumer |  | 3 |  |  |  | 27 |  |  |  | — |  |  |  | 30 |  |  |  | 38,861 |  |  |  | 38,891 |  |  |  | — |
Commercial real estate |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 648,202 |  |  |  | 648,202 |  |  |  | — |
Construction real estate |  | 267 |  |  |  | — |  |  |  | — |  |  |  | 267 |  |  |  | 13,672 |  |  |  | 13,939 |  |  |  | — |
Residential real estate |  | 2,416 |  |  |  | 290 |  |  |  | 153 |  |  |  | 2,859 |  |  |  | 233,634 |  |  |  | 236,493 |  |  |  |
| $ | 2,860 |  |  | $ | 317 |  |  | $ | 153 |  |  | $ | 3,330 |  |  | $ | 1,207,253 |  |  | $ | 1,210,583 |  |  | $ | — |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agricultural | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 64,159 |  |  | $ | 64,159 |  |  | $ | — |
Commercial and industrial |  | — |  |  |  | 171 |  |  |  | — |  |  |  | 171 |  |  |  | 210,039 |  |  |  | 210,210 |  |  |  | — |
Consumer |  | 39 |  |  |  | 7 |  |  |  | — |  |  |  | 46 |  |  |  | 39,762 |  |  |  | 39,808 |  |  |  | — |
Commercial real estate |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 630,953 |  |  |  | 630,953 |  |  |  | — |
Construction real estate |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,736 |  |  |  | 14,736 |  |  |  | — |
Residential real estate |  | 682 |  |  |  | — |  |  |  | 842 |  |  |  | 1,524 |  |  |  | 228,392 |  |  |  | 229,916 |  |  |  | — |
| $ | 721 |  |  | $ | 178 |  |  | $ | 842 |  |  | $ | 1,741 |  |  | $ | 1,188,041 |  |  | $ | 1,189,782 |  |  | $ | — |
(1) Includes nonaccrual loans.
Nonaccrual Loans by Loan Category | Nonaccrual loans by loan category as of March 31, 2023 were as follows:
(Dollars in thousands) | Nonaccrual loans with no ACL |  |  | Total nonaccrual loans |  |  | Interest income recognized during the period on nonaccrual loans |  |
Residential real estate | $ | 1,432 |  |  | $ | 1,596 |  |  | $ | — |  |
Total nonaccrual loans | $ | 1,432 |  |  | $ | 1,596 |  |  | $ | — |  |
Nonaccrual loans by loan category as of December 31, 2022 were as follows:
(Dollars in thousands) | Total nonaccrual loans |
Residential real estate | $ | 1,263 |
| $ | 1,263 |
Acquired Loan Portfolio and Acquisition Fair Value Adjustments | The table below presents a roll forward of the accretable yield on the County Bank Corp. acquired loan portfolio for the years ended December 31, 2022 and the three months ended March 31, 2023 (dollars in thousands):
(Dollars in thousands) |  | Purchased with credit deterioration |  |  | Purchased without credit deterioration |  |  | Acquired |
|  |  |  |  |  |  |  | Total |
Balance January 1, 2022 |  |  | 288 |  |  |  | 1,176 |  |  |  | 1,464 |
Transfer from non-accretable to accretable yield |  |  | 2,192 |  |  |  | — |  |  |  | 2,192 |
Accretion January 1, 2022 through December 31, 2022 |  |  | (553 | ) |  |  | (98 | ) |  |  | (651 | )
Balance January 1, 2023 |  |  | 1,927 |  |  |  | 1,078 |  |  |  | 3,005 |
Transfer from non-accretable to accretable yield |  |  |  |  |  |  |  |  | - |
Accretion January 1, 2023 through March 31, 2023 |  |  | (133 | ) |  |  | (135 | ) |  |  | (268 | )
Balance, March 31, 2023 |  | $ | 1,794 |  |  | $ | 943 |  |  | $ | 2,737 |
The table below presents a roll forward of the accretable yield on Community Shores Bank Corporation acquired loan portfolio for the years ended December 31, 2022 and the three months ended March 31, 2023 (dollars in thousands):
|  | Purchased with credit deterioration |  |  | Purchased without credit deterioration |  |  | Acquired |
|  |  |  |  |  |  |  | Total |
Balance January 1, 2022 |  |  | 522 |  |  |  | 197 |  |  |  | 719 |
Transfer from non-accretable to accretable yield |  |  | 1,086 |  |  |  | — |  |  |  | 1,086 |
Accretion January 1, 2022 through December 31, 2022 |  |  | (993 | ) |  |  | (197 | ) |  |  | (1,190 | )
Balance January 1, 2023 |  |  | 615 |  |  |  | - |  |  |  | 615 |
Transfer from non-accretable to accretable yield |  |  | 622 |  |  |  |  |  |  | 622 |
Accretion January 1, 2023 through March 31, 2023 |  |  | (203 | ) |  |  |  |  |  | (203 | )
Balance, March 31, 2023 |  | $ | 1,034 |  |  | $ | - |  |  | $ | 1,034 |

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