XML 22 R11.htm IDEA: XBRL DOCUMENT

Loans and Allowance for Credit Losses on Loans

9 Months Ended

Sep. 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 roll forward of the allowance for credit losses is presented at the portfolio segment level. Accrued interest receivable on loans of $10,794,000 and $10,745,000 at September 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)	September 30, 2025		December 31, 2024
Commercial:
Commercial and industrial	$	157,880	$	143,422
Agricultural production	22,915		37,323
Total commercial	180,795		180,745
Real estate:
Construction & other land loans	78,628		67,869
Commercial real estate - owner occupied	354,841		323,188
Commercial real estate - non-owner occupied	972,014		913,165
Farmland	140,454		139,815
Multi-family residential	154,073		133,595
1-4 family - close-ended	109,567		123,445
1-4 family - revolving	38,724		35,421
Total real estate	1,848,301		1,736,498
Consumer:
Manufactured housing	326,755		322,263
Other installment	94,423		92,839
Total consumer	421,178		415,102
Total gross loans	2,450,274		2,332,345
Net deferred origination costs	868		1,876
Loans, net of deferred origination costs	2,451,142		2,334,221
Allowance for credit losses	(29,590)		(25,803)
Total loans, net	$	2,421,552	$	2,308,418

At September 30, 2025 and December 31, 2024, loans originated under Small Business Administration (SBA) programs totaling $20,715,000 and $21,618,000, respectively, were included in the real estate and commercial categories, of which, $16,089,000 or 78% 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 September 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, July 1, 2025	$	2,231	$	19,281	$	2,505	$	4,705	$	28,722
Provision (credit) for credit losses (1)	(147)		1,159		(114)		(105)		793
Charge-offs	(3)		—		—		(42)		(45)
Recoveries	62		—		46		12		120
Ending balance, September 30, 2025	$	2,143	$	20,440	$	2,437	$	4,570	$	29,590

(1) Represents provision (credit) to credit losses for loans only. The provision for credit losses on the Consolidated Statements of Income of $667 includes a $(62) credit for held-to-maturity securities and a $(64) credit for unfunded loan commitments.


	Commercial		Commercial Real Estate		1-4 Family Real Estate		Consumer		Total
Allowance for credit losses:
Beginning balance, July 1, 2024	$	1,477	$	16,626	$	2,965	$	3,872	$	24,940

Provision (credit) for credit losses (1)	(256)		1,056		(146)		(865)		(211)
Charge-offs	(5)		—		—		(15)		(20)
Recoveries	51		6		59		66		182
Ending balance, September 30, 2024	$	1,267	$	17,688	$	2,878	$	3,058	$	24,891

(1) Represents provision (credit) to credit losses for loans only. The credit for credit losses on the Consolidated Statements of Income of $(518) includes a $(219) credit for held-to-maturity securities and a $(88) credit for unfunded loan commitments.

The following table shows the summary of activities for the allowance for credit losses as of and for the nine months ended September 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)	301		2,624		(377)		1,053		3,601
Charge-offs	(94)		—		—		(115)		(209)
Recoveries	184		50		63		98		395
Ending balance, September 30, 2025	$	2,143	$	20,440	$	2,437	$	4,570	$	29,590

(1) Represents credit losses for loans only. The provision for credit losses on the Consolidated Statements of Income of $3,239 includes a $(432) credit for held-to-maturity securities and a $70 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)	(76)		7,495		374		2,028		9,821
Charge-offs	(558)		—		—		(90)		(648)
Recoveries	51		30		67		96		244
Ending balance, September 30, 2024	$	1,267	$	17,688	$	2,878	$	3,058	$	24,891

(1) Represents credit losses for loans only. The provision for credit losses on the Consolidated Statements of Operations of $9,889 includes a $(194) credit for held-to-maturity securities and a $262 provision for unfunded loan commitments.

During the three and nine month periods ended September 30, 2025, the provision for credit losses was primarily driven by loan growth and deteriorating economic forecasts utilized by the Company. Additionally, there was an increase in the dollar balances of collateral dependent loans that were individually evaluated during the nine month period that required higher reserves than the pooled loans. Management believes that the allowance for credit losses at September 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 September 30, 2025 and December 31, 2024 respectively (in thousands).


	September 30, 2025
	With an ACL		Without an ACL		Total Nonaccrual
Commercial and industrial	$	1,509	$	—	1,509
Commercial real estate - owner occupied	—		105		105
Commercial real estate - non-owner occupied	—		380		380
Farmland	—		1,525		1,525
1-4 family real estate	—		2,306		2,306
Manufactured housing	570		609		1,179
Other installment	21		47		68
Total	$	2,100	$	4,972	$	7,072


	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 September 30, 2025 and December 31, 2024 (in thousands).


	September 30, 2025
	Manufactured Homes		Real Estate		Machinery & Equipment		Total
Commercial and industrial	$	—	$	—	$	1,509	$	1,509
Commercial real estate - owner occupied	—		105		—		105
Commercial real estate - non-owner occupied	—		13,438		380		13,818
Farmland	—		1,525		—		1,525
1-4 family real estate	—		2,306		—		2,306
Manufactured housing	1,179		—		—		1,179
Other installment	—		—		68		68
Total	$	1,179	$	17,374	$	1,957	$	20,510


	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 gross charge-offs recognized during the nine months ended September 30, 2025 (in thousands):


	Term Loans Amortized Cost Basis by Origination Year As of September 30, 2025
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Converted to Term		Total
Commercial and industrial
Pass/Watch	$	17,903	$	32,505	$	10,347	$	14,492	$	13,630	$	9,163	$	50,341	$	—	$	148,381
Special mention	15		—		71		595		—		42		—		—		723
Substandard	100		24		—		1,510		161		836		6,434		—		9,065
Total	$	18,018	$	32,529	$	10,418	$	16,597	$	13,791	$	10,041	$	56,775	$	—	$	158,169
Current period gross write-offs	$	94	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	94

Agricultural production
Pass/Watch	$	1,745	$	1,671	$	43	$	—	$	6	$	158	$	17,398	$	189	$	21,210
Special mention	—		—		—		—		—		—		1,775				1,775
Substandard	—		—		—		—		—		—		—				—
Total	$	1,745	$	1,671	$	43	$	—	$	6	$	158	$	19,173	$	189	$	22,985
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction & other land loans
Pass/Watch	$	11,328	$	37,530	$	9,797	$	13,571	$	4,773	$	584	$	360	$	—	$	77,943
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		86		—		—		86
Total	$	11,328	$	37,530	$	9,797	$	13,571	$	4,773	$	670	$	360	$	—	$	78,029
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate - owner occupied
Pass/Watch	$	48,842	$	46,262	$	21,805	$	46,491	$	41,888	$	136,340	$	7,829	$	—	$	349,457
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		1,741		—		—		3,037		—		—		4,778
Total	$	48,842	$	46,262	$	23,546	$	46,491	$	41,888	$	139,377	$	7,829	$	—	$	354,235
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate - non-owner occupied
Pass/Watch	$	73,432	$	88,752	$	133,501	$	180,531	$	116,743	$	310,919	$	26,669	$	—	$	930,547
Special mention	—		6,213		—		5,536		620		3,763		—		—		16,132
Substandard	—		—		—		1,036		—		21,136		1,770		—		23,942
Total	$	73,432	$	94,965	$	133,501	$	187,103	$	117,363	$	335,818	$	28,439	$	—	$	970,621
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Farmland
Pass/Watch	$	4,537	$	4,569	$	4,345	$	22,719	$	10,943	$	62,560	$	8,136	$	1,500	$	119,309
Special mention	1,800		—		425		—		—		4,071		—		—		6,296


Substandard	500		—		5,178		3,162		—		5,923		—		—		14,763
Total	$	6,837	$	4,569	$	9,948	$	25,881	$	10,943	$	72,554	$	8,136	$	1,500	$	140,368
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multi-family residential
Pass/Watch	$	18,895	$	12,318	$	2,914	$	30,951	$	45,572	$	28,686	$	7,205	$	—	$	146,541
Special mention	—		—		—		—		—		—		—		—		—
Substandard			—		—		—		—		7,290		—		—		7,290
Total	$	18,895	$	12,318	$	2,914	$	30,951	$	45,572	$	35,976	$	7,205	$	—	$	153,831
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family - close-ended
Pass/Watch	$	1,101	$	2,378	$	4,397	$	60,096	$	10,576	$	21,381	$	6,325	$	230	$	106,484
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		64		—		2,542		—		537		—		—		3,143
Total	$	1,101	$	2,442	$	4,397	$	62,638	$	10,576	$	21,918	$	6,325	$	230	$	109,627
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family - revolving
Pass/Watch	$	—	$	—	$	—	$	—	$	—	$	—	$	33,571	$	5,355	$	38,926
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		38		38
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	33,571	$	5,393	$	38,964
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Manufactured Housing
Pass/Watch	$	33,572	$	43,101	$	37,796	$	42,931	$	35,109	$	130,807	$	—	$	—	$	323,316
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		117		370		—		403		2,486		—		—		3,376
Total	$	33,572	$	43,218	$	38,166	$	42,931	$	35,512	$	133,293	$	—	$	—	$	326,692
Current period gross write-offs	$	17	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	17

Consumer
Pass/Watch	$	26,641	$	38,988	$	17,193	$	4,030	$	3,822	$	5,932	$	426	$	—	$	97,032
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		21		29		384		111		44		—		—		589
Total	$	26,641	$	39,009	$	17,222	$	4,414	$	3,933	$	5,976	$	426	$	—	$	97,621
Current period gross write-offs	$	98	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	98

Total loans outstanding (risk rating):
Pass/Watch	$	237,996	$	308,074	$	242,138	$	415,812	$	283,062	$	706,530	$	158,260	$	7,274	$	2,359,146
Special mention	1,815		6,213		496		6,131		620		7,876		1,775		—		24,926
Substandard	600		226		7,318		8,634		675		41,375		8,204		38		67,070
Grand Total	$	240,411	$	314,513	$	249,952	$	430,577	$	284,357	$	755,781	$	168,239	$	7,312	$	2,451,142


Current period total gross write-offs			$	209		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	209

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 twelve months ended December 31, 2024 (in thousands):


	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 September 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	$	355	$	—	$	1,510	$	1,865	$	156,015	$	157,880	$	—	$	1,509
Agricultural production	—		—		—		—		22,915		22,915		—		—
Real estate:
Construction & other land loans	—		—		—		—		78,628		78,628		—		—
Commercial real estate - owner occupied	—		—		—		—		354,841		354,841		—		105
Commercial real estate - non-owner occupied	13,588		—		380		13,968		958,046		972,014		—		380
Farmland	—		—		1,525		1,525		138,929		140,454		—		1,525
Multi-family residential	—		—		—		—		154,073		154,073		—		—
1-4 family - close-ended	1,111		775		1,791		3,677		105,890		109,567		—		2,306
1-4 family - revolving	169		—		—		169		38,555		38,724		—		—
Consumer:
Manufactured housing	1,675		911		131		2,717		324,038		326,755		—		1,179
Other installment	100		101		21		222		94,201		94,423		—		68
Deferred costs	—		—		—		—		868		868		—		—
Total	$	16,998	$	1,787	$	5,358	$	24,143	$	2,426,999	$	2,451,142	$	—	$	7,072

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 $95,000 and $294,000 foregone interest on nonaccrual loans for the three and nine month periods ended September 30, 2025, respectively. There was $59,000 and $142,000 foregone interest on nonaccrual loans for the three and nine months periods ended September 30, 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 nine month periods ended September 30, 2025 or 2024.