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Loans and Allowance for Credit Losses on Loans

6 Months Ended

Jun. 30, 2025

Loans and Allowance for Credit Losses on Loans

Note 4. Loans and Allowance for Credit Losses on Loans

The majority of the disclosures in this footnote are prepared at the class level, which is equivalent to the call report or call code classification. The rollforward of the allowance for credit losses is presented at the portfolio segment level. Accrued interest receivable on loans of $10,630,000 and $10,745,000 at June 30, 2025 and December 31, 2024 respectively is not included in the loan tables below and is included in other assets on the Company’s consolidated balance sheets. Outstanding loans are summarized by class as follows:


Loan Type (Dollars in thousands)	June 30, 2025		December 31, 2024
Commercial:
Commercial and industrial	$	159,055	$	143,422
Agricultural production	27,597		37,323
Total commercial	186,652		180,745
Real estate:
Construction & other land loans	82,983		67,869
Commercial real estate - owner occupied	335,612		323,188
Commercial real estate - non-owner occupied	938,865		913,165
Farmland	136,587		139,815
Multi-family residential	143,007		133,595
1-4 family - close-ended	111,491		123,445
1-4 family - revolving	35,454		35,421
Total real estate	1,783,999		1,736,498
Consumer:
Manufactured housing	326,463		322,263
Other installment	100,759		92,839
Total consumer	427,222		415,102
Total gross loans	2,397,873		2,332,345
Net deferred origination costs	1,514		1,876
Loans, net of deferred origination costs	2,399,387		2,334,221
Allowance for credit losses	(28,722)		(25,803)
Total loans, net	$	2,370,665	$	2,308,418

At June 30, 2025 and December 31, 2024, loans originated under Small Business Administration (SBA) programs totaling $21,403,000 and $21,618,000, respectively, were included in the real estate and commercial categories, of which, $16,363,000 or 76% and $16,519,000 or 76%, respectively, were secured by government guarantees.

Allowance for Credit Losses on Loans

The measurement of the allowance for credit losses on collectively evaluated loans is based on modeled expectations of lifetime expected credit losses utilizing national and local peer group historical losses, weighting of economic scenarios, and other relevant factors. The Company incorporates forward-looking information using macroeconomic scenarios, which include variables that are considered key drivers of credit losses within the portfolio. The Company uses a probability-weighted, multiple scenario forecast approach. These scenarios may consist of a base forecast representing the most likely outcome, combined with downside or upside scenarios reflecting possible worsening or improving economic conditions.

When a loan no longer shares similar risk characteristics with other loans, such as in the case of certain nonaccrual loans, the Company estimates the allowance for credit losses on an individual loan basis.

The following table shows the summary of activities for the allowance for credit losses as of and for the three months ended June 30, 2025 and 2024 by portfolio segment (in thousands):


	Commercial		Commercial Real Estate		1-4 Family Real Estate		Consumer		Total
Allowance for credit losses:
Beginning balance, April 1, 2025	$	1,782	$	17,387	$	2,521	$	4,405	$	26,095
Provision (credit) for credit losses (1)	483		1,844		(25)		338		2,640
Charge-offs	(85)		—		—		(50)		(135)
Recoveries	51		50		9		12		122
Ending balance, June 30, 2025	$	2,231	$	19,281	$	2,505	$	4,705	$	28,722

(1) Represents provision (credit) to credit losses for loans only. The provision for credit losses on the Consolidated Statements of Operations of $2,613 includes a $188 credit for held-to-maturity securities and a $161 provision for unfunded loan commitments.


	Commercial		Commercial Real Estate		1-4 Family Real Estate		Consumer		Total
Allowance for credit losses:
Beginning balance, April 1, 2024	$	977	$	10,290	$	2,189	$	1,202	$	14,658
Allowance for loan loss on purchased credit deteriorated loans (PCD)	375		371		2		73		821
Provision for credit losses (1)	171		5,965		766		2,600		9,502
Charge-offs	(46)		—		—		(7)		(53)
Recoveries	—		—		8		4		12
Ending balance, June 30, 2024	$	1,477	$	16,626	$	2,965	$	3,872	$	24,940

(1) Represents provision (credit) to credit losses for loans only. The provision for credit losses on the Consolidated Statements of Operations of $9,831 includes a $182 provision for held-to-maturity securities and a $147 provision for unfunded loan commitments.

The following table shows the summary of activities for the allowance for credit losses as of and for the six months ended June 30, 2025 and 2024 by portfolio segment (in thousands):


	Commercial		Commercial Real Estate		1-4 Family Real Estate		Consumer		Total
Allowance for credit losses:
Beginning balance, January 1, 2025	$	1,752	$	17,766	$	2,751	$	3,534	$	25,803

Provision (credit) for credit losses (1)	448		1,465		(263)		1,158		2,808
Charge-offs	(91)		—		—		(73)		(164)
Recoveries	122		50		17		86		275
Ending balance, June 30, 2025	$	2,231	$	19,281	$	2,505	$	4,705	$	28,722

(1) Represents credit losses for loans only. The provision for credit losses on the Consolidated Statements of Operations of $2,572 includes a $370 credit for held-to-maturity securities and a $134 provision for unfunded loan commitments.


	Commercial		Commercial Real Estate		1-4 Family		Consumer		Total
Allowance for credit losses:
Beginning balance, January 1, 2024	$	1,475	$	9,792	$	2,435	$	951	$	14,653
Allowance for loan loss on purchased credit deteriorated loans (PCD)	375		371		2		73		821
Provision for credit losses (1)	180		6,439		520		2,893		10,032
Charge-offs	(553)		—		—		(75)		(628)
Recoveries	—		24		8		30		62
Ending balance, June 30, 2024	$	1,477	$	16,626	$	2,965	$	3,872	$	24,940

(1) Represents credit losses for loans only. The provision for credit losses on the Consolidated Statements of Operations of $10,407 includes a $25 provision for held-to-maturity securities and a $349 provision for unfunded loan commitments.

During the three and six month periods ended June 30, 2025, the provision for credit losses was primarily driven by loan growth and deteriorating economic forecasts utilized by the Company. Management believes that the allowance for credit losses at June 30, 2025 appropriately reflected expected credit losses in the loan portfolio at that date.

The following tables present the composition of nonaccrual loans as of June 30, 2025 and December 31, 2024 respectively (in thousands).


	June 30, 2025
	With an ACL		Without an ACL		Total Nonaccrual
Commercial and industrial	$	1,510	$	—	1,510
Commercial real estate - owner occupied	—		111		111
Commercial real estate - non-owner occupied	—		380		380
Farmland	—		1,525		1,525
1-4 family real estate	—		2,308		2,308
Manufactured housing	570		348		918
Other Installment	—		17		17
Total	$	2,080	$	4,689	$	6,769


	December 31, 2024
	With an ACL		Without an ACL		Total Nonaccrual
Commercial real estate - owner occupied	$	—	$	120	$	120
Commercial real estate - non-owner occupied	—		378		378
Farmland	—		2,398		2,398
1-4 family real estate	—		2,335		2,335
Manufactured housing	—		1,215		1,215
Other installment	—		15		15
Total	$	—	$	6,461	$	6,461

The following tables present the amortized cost basis of collateral dependent loans by class of loans and by collateral type as of the dates indicated as of June 30, 2025 and December 31, 2024 (in thousands).


	June 30, 2025
	Manufactured Homes		Real Estate		Machinery & Equipment		Total
Commercial and industrial	$	—	$	—	$	1,510	$	1,510
Commercial real estate - owner occupied	—		111		—		$	111
Commercial real estate - non-owner occupied	—		—		380		380
Farmland	—		1,525		—		1,525
1-4 family real estate	—		2,308		—		2,308
Manufactured housing	918		—		—		918
Total	$	918	$	3,944	$	1,890	$	6,752


	December 31, 2024
	Manufactured Homes		Real Estate		Machinery & Equipment		Total
Commercial and industrial	$	—	$	—	$	—	$	—
Commercial real estate - owner occupied	—		120		—		120
Commercial real estate - non-owner occupied	—		—		378		378
Farmland	—		2,398		—		2,398
1-4 family real estate	—		2,335		—		2,335

Manufactured housing	1,215		—		—		1,215
Total	$	1,215	$	4,853	$	378	$	6,446

The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Loan ratings are reviewed as part of the Company's normal loan monitoring process, but, at a minimum, updated on an annual basis. Under the Company’s risk rating system, the Company rates loans with potential problems as “Special Mention,” “Substandard,” “Doubtful,” and “Loss”. The following is a description of the characteristics of loan ratings.

Special Mention - A Special Mention loan has potential weaknesses that require management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Company's credit position at some future date. Special mention assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification.

Substandard - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the full collection of amounts due. They are characterized by the distinct possibility that the Company will sustain some loss if the borrower’s deficiencies are not corrected.

Doubtful - A loan classified Doubtful has all the weaknesses inherent in one 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 possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans.

Loss - Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable loans is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this loan even though partial recovery may be realized in the future. Losses are taken in the period in which they are considered uncollectible.

Loans not meeting the criteria above are considered to be pass or watch rated loans.

The following table shows the loan portfolio by class, net of deferred costs, allocated by management’s internal risk ratings for the period indicated. The following table also shows the charge-offs recognized during the six months ended June 30, 2025 (in thousands):


	Term Loans Amortized Cost Basis by Origination Year As of June 30, 2025
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Converted to Term		Total
Commercial and industrial
Pass/Watch	$	13,209	$	33,692	$	11,054	$	15,099	$	14,370	$	9,965	$	51,962	$	—	$	149,351
Special mention	—		—		76		595		—		49		—		—		720
Substandard	—		25		—		1,510		168		888		6,657		—		9,248
Total	$	13,209	$	33,717	$	11,130	$	17,204	$	14,538	$	10,902	$	58,619	$	—	$	159,319
Current period gross write-offs	$	91	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	91

Agricultural production
Pass/Watch	$	1,175	$	1,538	$	54	$	—	$	7	$	167	$	24,118	$	189	$	27,248
Special mention	405		—		—		—		—		—		—				405
Substandard	—		—		—		—		—		—		—				—
Total	$	1,580	$	1,538	$	54	$	—	$	7	$	167	$	24,118	$	189	$	27,653
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction & other land loans
Pass/Watch	$	4,056	$	24,478	$	28,489	$	19,912	$	4,941	$	264	$	316	$	—	$	82,456
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		89		—		—		89
Total	$	4,056	$	24,478	$	28,489	$	19,912	$	4,941	$	353	$	316	$	—	$	82,545
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate - owner occupied
Pass/Watch	$	22,636	$	48,014	$	22,637	$	46,916	$	42,183	$	140,406	$	7,591	$	—	$	330,383
Special mention	—		—		—		—		—		1,565		—		—		1,565
Substandard	—		—		1,749		—		—		1,494		—		—		3,243
Total	$	22,636	$	48,014	$	24,386	$	46,916	$	42,183	$	143,465	$	7,591	$	—	$	335,191


Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate - non-owner occupied
Pass/Watch	$	52,279	$	88,896	$	113,471	$	186,460	$	117,449	$	317,134	$	26,384	$	—	$	902,073
Special mention	—		6,236		—		585		624		9,201		150		—		16,796
Substandard	—		—		—		1,045		—		15,784		1,834		—		18,663
Total	$	52,279	$	95,132	$	113,471	$	188,090	$	118,073	$	342,119	$	28,368	$	—	$	937,532
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Farmland
Pass/Watch	$	1,978	$	4,569	$	4,794	$	22,639	$	10,957	$	67,583	$	7,586	$	1,500	$	121,606
Special mention	220		—		—		—		—		—		—		—		220
Substandard	136		—		5,323		3,312		—		5,925		—		—		14,696
Total	$	2,334	$	4,569	$	10,117	$	25,951	$	10,957	$	73,508	$	7,586	$	1,500	$	136,522
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multi-family residential
Pass/Watch	$	7,306	$	12,847	$	2,931	$	30,994	$	45,674	$	29,231	$	6,579	$	—	$	135,562
Special mention	—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		7,294		—		—		7,294
Total	$	7,306	$	12,847	$	2,931	$	30,994	$	45,674	$	36,525	$	6,579	$	—	$	142,856
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family - close-ended
Pass/Watch	$	578	$	2,408	$	4,468	$	61,115	$	10,766	$	23,940	$	5,435	$	—	$	108,710
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		64		—		2,244		—		538		—		—		2,846
Total	$	578	$	2,472	$	4,468	$	63,359	$	10,766	$	24,478	$	5,435	$	—	$	111,556
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family - revolving
Pass/Watch	$	—	$	—	$	—	$	—	$	—	$	—	$	30,451	$	5,192	$	35,643
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		39		39
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	30,451	$	5,231	$	35,682
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Manufactured Housing
Pass/Watch	$	24,446	$	44,579	$	38,700	$	44,292	$	35,765	$	135,850	$	—	$	—	$	323,632
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		117		370		—		405		1,907		—		—		2,799
Total	$	24,446	$	44,696	$	39,070	$	44,292	$	36,170	$	137,757	$	—	$	—	$	326,431
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer
Pass/Watch	$	23,916	$	45,188	$	18,621	$	4,905	$	4,166	$	6,453	$	695	$	—	$	103,944
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		59		64		33		—		—		156
Total	$	23,916	$	45,188	$	18,621	$	4,964	$	4,230	$	6,486	$	695	$	—	$	104,100
Current period gross write-offs	$	73	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	73

Total loans outstanding (risk rating):
Pass/Watch	$	151,579	$	306,209	$	245,219	$	432,332	$	286,278	$	730,993	$	161,117	$	6,881	$	2,320,608
Special mention	625		6,236		76		1,180		624		10,815		150		—		19,706
Substandard	136		206		7,442		8,170		637		33,952		8,491		39		59,073
Grand Total	$	152,340	$	312,651	$	252,737	$	441,682	$	287,539	$	775,760	$	169,758	$	6,920	$	2,399,387
Current period total gross write-offs	$	164	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	164


	Term Loans Amortized Cost Basis by Origination Year As of December 31, 2024
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Converted to Term		Total
Commercial and industrial
Pass/Watch	$	29,768	$	13,064	$	16,231	$	14,639	$	4,518	$	9,457	$	44,199	$	1,022	$	132,898
Special mention	—		—		—		1,498		—		—		—		—		1,498
Substandard	29		—		1,545		—		—		1,106		6,700		—		9,380
Total	$	29,797	$	13,064	$	17,776	$	16,137	$	4,518	$	10,563	$	50,899	$	1,022	$	143,776
Current period gross write-offs	$	120	$	—	$	5	$	—	$	—	$	45	$	—	$	—	$	170

Agricultural production
Pass/Watch	$	5,152	$	284	$	—	$	9	$	—	$	300	$	31,620	$	—	$	37,365
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total	$	5,152	$	284	$	—	$	9	$	—	$	300	$	31,620	$	—	$	37,365
Current period gross write-offs	$	—	$	—	$	507	$	—	$	—	$	—	$	—	$	—	$	507

Construction & other land loans
Pass/Watch	$	12,413	$	20,137	$	19,290	$	14,166	$	701	$	733	$	100	$	—	$	67,540
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total	$	12,413	$	20,137	$	19,290	$	14,166	$	701	$	733	$	100	$	—	$	67,540
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate - owner occupied
Pass/Watch	$	48,191	$	23,314	$	45,741	$	43,354	$	31,354	$	117,466	$	7,086	$	—	$	316,506


Special mention	—		—		—		—		158		2,958		—		—		3,116
Substandard	—		1,765		—		—		946		584		—		—		3,295
Total	$	48,191	$	25,079	$	45,741	$	43,354	$	32,458	$	121,008	$	7,086	$	—	$	322,917
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate - non-owner occupied
Pass/Watch	$	95,131	$	115,292	$	188,516	$	118,773	$	74,762	$	261,586	$	33,453	$	1,250	$	888,763
Special mention	—		—		590		633		—		6,356		—		—		7,579
Substandard	—		—		—		—		—		15,846		—		—		15,846
Total	$	95,131	$	115,292	$	189,106	$	119,406	$	74,762	$	283,788	$	33,453	$	1,250	$	912,188
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Farmland
Pass/Watch	$	7,691	$	4,945	$	21,383	$	12,288	$	29,379	$	42,815	$	5,731	$	—	$	124,232
Special mention	—		4,025		—		—		—		—		1,166		—		5,191
Substandard	—		—		3,312		—		2,029		4,962		—		—		10,303
Total	$	7,691	$	8,970	$	24,695	$	12,288	$	31,408	$	47,777	$	6,897	$	—	$	139,726
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multi-family residential
Pass/Watch	$	12,844	$	2,950	$	31,070	$	45,835	$	13,591	$	25,555	$	1,671	$	—	$	133,516
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total	$	12,844	$	2,950	$	31,070	$	45,835	$	13,591	$	25,555	$	1,671	$	—	$	133,516
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family - close-ended
Pass/Watch	$	2,501	$	5,405	$	63,350	$	13,581	$	6,993	$	24,830	$	3,975	$	—	$	120,635
Special mention	—		—		—		—		—		—		—		—		—
Substandard	78		—		2,257		—		—		551		—		—		2,886
Total	$	2,579	$	5,405	$	65,607	$	13,581	$	6,993	$	25,381	$	3,975	$	—	$	123,521
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family - revolving
Pass/Watch	$	—	$	—	$	—	$	—	$	—	$	—	$	29,718	$	5,808	$	35,526
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		116		116
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	29,718	$	5,924	$	35,642
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Manufactured Housing
Pass/Watch	$	47,839	$	43,468	$	46,608	$	39,299	$	37,551	$	105,216	$	—	$	—	$	319,981
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		318		464		481		1,015		—		—		2,278


Total	47,839		43,468		46,926		39,763		38,032		106,231		—		—		322,259
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	—

Consumer
Pass/Watch	$	53,869	$	22,700	$	6,254	$	4,987	$	1,371	$	5,740	$	660	$	—	$	95,581
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		15		62		37		63		13		—		—		190
Total	$	53,869	$	22,715	$	6,316	$	5,024	$	1,434	$	5,753	$	660	$	—	$	95,771
Current period gross write-offs	$	58	$	10	$	50	$	—	$	—	$	13	$	1	$	—	$	132

Total loans outstanding (risk rating):
Pass/Watch	$	315,399	$	251,559	$	438,443	$	306,931	$	200,220	$	593,698	$	158,213	$	8,080	$	2,272,543
Special mention	—		4,025		590		2,131		158		9,314		1,166		—		17,384
Substandard	107		1,780		7,494		501		3,519		24,077		6,700		116		44,294
Grand Total	$	315,506	$	257,364	$	446,527	$	309,563	$	203,897	$	627,089	$	166,079	$	8,196	$	2,334,221
Current period total gross write-offs	$	178	$	10	$	562	$	—	$	—	$	58	$	1	$	—	$	809

The following table shows an aging analysis of the loan portfolio by class at June 30, 2025 (in thousands):


	30-59 Days Past Due		60-89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Current		Total Loans		Loans Past Due > 89 Days, Still Accruing		Non-accrual
Commercial:
Commercial and industrial	$	216	$	—	$	1,510	$	1,726	$	157,329	$	159,055	$	—	$	1,510
Agricultural production	—		—		—		—		27,597		27,597		—		—
Real estate:
Construction & other land loans	—		—		—		—		82,983		82,983		—		—
Commercial real estate - owner occupied	—		—		—		—		335,612		335,612		—		111
Commercial real estate - non-owner occupied	—		—		380		380		938,485		938,865		—		380
Farmland	—		—		1,525		1,525		135,062		136,587		—		1,525
Multi-family residential	—		—		—		—		143,007		143,007		—		—
1-4 family - close-ended	—		779		1,727		2,506		108,985		111,491		—		2,308
1-4 family - revolving	—		—		—		—		35,454		35,454		—		—
Consumer:
Manufactured housing	420		78		163		661		325,802		326,463		—		918
Other installment	216		—		—		216		100,543		100,759		—		17
Deferred costs	—		—		—		—		1,514		1,514		—		—
Total	$	852	$	857	$	5,305	$	7,014	$	2,392,373	$	2,399,387	$	—	$	6,769

The following table shows an aging analysis of the loan portfolio by class at December 31, 2024 (in thousands):


	30-59 Days Past Due		60-89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Current		Total Loans		Loans Past Due > 89 Days, Still Accruing		Non- accrual
Commercial:
Commercial and industrial	$	272	$	—	$	—	$	272	$	143,150	$	143,422	$	—	$	—
Agricultural production	—		—		—		—		37,323		37,323		—		—
Real estate:
Construction & other land loans	—		—		—		—		67,869		67,869		—		—
Commercial real estate - owner occupied	242		—		—		242		322,946		323,188		—		120
Commercial real estate - non-owner occupied	—		—		378		378		912,787		913,165		—		378
Farmland	164		—		2,398		2,562		137,253		139,815		—		2,398
Multi-family residential	—		—		—		—		133,595		133,595		—		—
1-4 family - close-ended	2,071		1,909		78		4,058		119,387		123,445		—		2,335
1-4 family - revolving	648		—		—		648		34,773		35,421		—		—
Consumer:
Manufactured housing	535				460		995		321,268		322,263		—		1,215
Other installment	656		27		—		683		92,156		92,839		—		15
Deferred costs	—		—		—		—		1,876		1,876		—		—
Total	$	4,588	$	1,936	$	3,314	$	9,838	$	2,324,383	$	2,334,221	$	—	$	6,461

There was $117,541 and $199,416 foregone interest on nonaccrual loans for the three and six month periods ended June 30, 2025, respectively. There was $83,000 foregone interest on nonaccrual loans for the three and six months periods ended June 30, 2024. There was no interest income recognized on nonaccrual loans during the three and six month periods ended June 30, 2025 and 2024.

Occasionally, the Company modifies loans to borrowers in financial distress by providing reductions of the stated interest rate of the loan or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. There were no loan modifications granted to borrowers experiencing financial difficulty during the three or six month periods ended June 30, 2025 or 2024.