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v3.20.1

Allowance for Loan and Lease Losses (Tables) | 3 Months Ended
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Mar. 31, 2020
Provision for Loan and Lease Losses [Abstract] |
Impaired Financing Receivables | Impaired Loans (dollars in thousands, unaudited)
|  | March 31, 2020
|  | Unpaid Principal Balance(1) |  | Recorded Investment(2) |  | Related Allowance |  | Average Recorded Investment |  | Interest Income Recognized(3)
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other construction/land |  | $ | 641 |  | $ | 522 |  | $ | 154 |  | $ | 527 |  | $ | 12
1-4 family - closed-end |  |  | 2,266 |  |  | 2,266 |  |  | 62 |  |  | 2,279 |  |  | 33
Equity lines |  |  | 4,129 |  |  | 4,076 |  |  | 252 |  |  | 4,090 |  |  | 37
Multi-family residential |  |  | 347 |  |  | 347 |  |  | 17 |  |  | 349 |  |  | 6
Commercial real estate- owner occupied |  |  | 586 |  |  | 586 |  |  | 2 |  |  | 589 |  |  | 9
Commercial real estate- non-owner occupied |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Farmland |  |  | 237 |  |  | 237 |  |  | 3 |  |  | 237 |  |  | —
Total real estate |  |  | 8,206 |  |  | 8,034 |  |  | 490 |  |  | 8,071 |  |  | 97
Agricultural |  |  | 5 |  |  | 5 |  |  | — |  |  | 5 |  |  | —
Commercial and industrial |  |  | 1,156 |  |  | 1,137 |  |  | 520 |  |  | 1,157 |  |  | 6
Consumer loans |  |  | 414 |  |  | 376 |  |  | 98 |  |  | 385 |  |  | 8
Subtotal |  |  | 9,781 |  |  | 9,552 |  |  | 1,108 |  |  | 9,618 |  |  | 111
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other construction/land |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
1-4 family - closed-end |  |  | 844 |  |  | 844 |  |  | — |  |  | 845 |  |  | —
Equity lines |  |  | 305 |  |  | 305 |  |  | — |  |  | 307 |  |  | 1
Commercial real estate- owner occupied |  |  | 2,062 |  |  | 1,942 |  |  | — |  |  | 1,950 |  |  | —
Commercial real estate- non-owner occupied |  |  | 3,798 |  |  | 2,608 |  |  | — |  |  | 2,440 |  |  | —
Farmland |  |  | 20 |  |  | 20 |  |  | — |  |  | 21 |  |  | —
Total real estate |  |  | 7,029 |  |  | 5,719 |  |  | — |  |  | 5,563 |  |  | 1
Agricultural |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial and industrial |  |  | 289 |  |  | 268 |  |  | — |  |  | 271 |  |  | —
Consumer loans |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Subtotal |  |  | 7,318 |  |  | 5,987 |  |  | — |  |  | 5,834 |  |  | 1
Total |  | $ | 17,099 |  | $ | 15,539 |  | $ | 1,108 |  | $ | 15,452 |  | $ | 112
| (1) |  | Contractual principal balance due from customer.
| (2) |  | Principal balance on Company’s books, less any direct charge offs.
| (3) |  | Interest income is recognized on performing balances on a regular accrual basis.
Impaired Loans (dollars in thousands, unaudited)
|  | December 31, 2019
|  | Unpaid Principal Balance(1) |  | Recorded Investment(2) |  | Related Allowance |  | Average Recorded Investment |  | Interest Income Recognized(3)
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential construction |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Other construction/land |  |  | 656 |  |  | 537 |  |  | 157 |  |  | 563 |  |  | 32
1-4 family - closed-end |  |  | 2,298 |  |  | 2,298 |  |  | 58 |  |  | 2,365 |  |  | 146
Equity lines |  |  | 4,173 |  |  | 4,120 |  |  | 252 |  |  | 4,185 |  |  | 200
Multi-family residential |  |  | 353 |  |  | 353 |  |  | 17 |  |  | 361 |  |  | 23
Commercial real estate- owner occupied |  |  | 593 |  |  | 593 |  |  | 6 |  |  | 606 |  |  | 38
Commercial real estate- non-owner occupied |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Farmland |  |  | 237 |  |  | 237 |  |  | 3 |  |  | 256 |  |  | —
Total real estate |  |  | 8,310 |  |  | 8,138 |  |  | 493 |  |  | 8,336 |  |  | 439
Agricultural |  |  | 5 |  |  | 5 |  |  | 1 |  |  | 6 |  |  | —
Commercial and industrial |  |  | 915 |  |  | 896 |  |  | 219 |  |  | 1,140 |  |  | 29
Consumer loans |  |  | 464 |  |  | 425 |  |  | 114 |  |  | 469 |  |  | 35
Subtotal |  |  | 9,694 |  |  | 9,464 |  |  | 827 |  |  | 9,951 |  |  | 503
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential construction |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Other construction/land |  |  | 52 |  |  | 17 |  |  | — |  |  | 577 |  |  | 4
1-4 family - closed-end |  |  | 755 |  |  | 722 |  |  | — |  |  | 726 |  |  | —
Equity lines |  |  | 326 |  |  | 301 |  |  | — |  |  | 310 |  |  | 5
Multi-family residential |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial real estate- owner occupied |  |  | 1,560 |  |  | 1,440 |  |  | — |  |  | 1,477 |  |  | —
Commercial real estate- non-owner occupied |  |  | 3,295 |  |  | 2,105 |  |  | — |  |  | 3,267 |  |  | —
Farmland |  |  | 22 |  |  | 22 |  |  | — |  |  | 25 |  |  | —
Total real estate |  |  | 6,010 |  |  | 4,607 |  |  | — |  |  | 6,382 |  |  | 9
Agricultural |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial and industrial |  |  | 102 |  |  | 81 |  |  | — |  |  | 162 |  |  | —
Consumer loans |  |  | 9 |  |  | — |  |  | — |  |  | 140 |  |  | 15
Subtotal |  |  | 6,121 |  |  | 4,688 |  |  | — |  |  | 6,684 |  |  | 24
Total |  | $ | 15,815 |  | $ | 14,152 |  | $ | 827 |  | $ | 16,635 |  | $ | 527
| (1) |  | Contractual principal balance due from customer.
| (2) |  | Principal balance on Company’s books, less any direct charge offs.
| (3) |  | Interest income is recognized on performing balances on a regular accrual basis.
Allowance for Credit Losses on Financing Receivables | Allowance for Credit Losses and Recorded Investment in Financing Receivables (dollars in thousands, unaudited)
|  | Three months ended March 31, 2020
|  | Real Estate |  | Agricultural Products |  | Commercial and Industrial (1) |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 5,635 |  | $ | 193 |  | $ | 2,685 |  | $ | 1,278 |  | $ | 132 |  | $ | 9,923
Charge-offs |  |  | — |  |  | — |  |  | (25) |  |  | (617) |  |  | — |  |  | (642)
Recoveries |  |  | 72 |  |  | — |  |  | 28 |  |  | 272 |  |  | — |  |  | 372
Provision |  |  | 1,608 |  |  | 42 |  |  | 66 |  |  | 204 |  |  | (120) |  |  | 1,800
Ending balance |  | $ | 7,315 |  | $ | 235 |  | $ | 2,754 |  | $ | 1,137 |  | $ | 12 |  | $ | 11,453
Reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specific |  | $ | 490 |  | $ | — |  | $ | 520 |  | $ | 98 |  | $ | — |  | $ | 1,108
General |  |  | 6,825 |  |  | 235 |  |  | 2,234 |  |  | 1,039 |  |  | 12 |  |  | 10,345
Ending balance |  | $ | 7,315 |  | $ | 235 |  | $ | 2,754 |  | $ | 1,137 |  | $ | 12 |  | $ | 11,453
Loans evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | 13,753 |  | $ | 5 |  | $ | 1,405 |  | $ | 376 |  | $ | — |  | $ | 15,539
Collectively |  |  | 1,387,435 |  |  | 49,194 |  |  | 339,193 |  |  | 6,664 |  |  | — |  |  | 1,782,486
Ending balance |  | $ | 1,401,188 |  | $ | 49,199 |  | $ | 340,598 |  | $ | 7,040 |  | $ | — |  | $ | 1,798,025
|  |  | Year ended December 31, 2019
|  | Real Estate |  | Agricultural Products |  | Commercial and Industrial (1) |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 5,831 |  | $ | 256 |  | $ | 2,394 |  | $ | 1,239 |  | $ | 30 |  | $ | 9,750
Charge-offs |  |  | (1,190) |  |  | — |  |  | (1,274) |  |  | (2,409) |  |  | — |  |  | (4,873)
Recoveries |  |  | 647 |  |  | — |  |  | 690 |  |  | 1,159 |  |  | — |  |  | 2,496
Provision |  |  | 347 |  |  | (63) |  |  | 875 |  |  | 1,289 |  |  | 102 |  |  | 2,550
Ending balance |  | $ | 5,635 |  | $ | 193 |  | $ | 2,685 |  | $ | 1,278 |  | $ | 132 |  | $ | 9,923
Reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specific |  | $ | 493 |  | $ | 1 |  | $ | 219 |  | $ | 114 |  | $ | — |  | $ | 827
General |  |  | 5,142 |  |  | 192 |  |  | 2,466 |  |  | 1,164 |  |  | 132 |  |  | 9,096
Ending balance |  | $ | 5,635 |  | $ | 193 |  | $ | 2,685 |  | $ | 1,278 |  | $ | 132 |  | $ | 9,923
Loans evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | 12,746 |  | $ | 5 |  | $ | 977 |  | $ | 425 |  | $ | — |  | $ | 14,153
Collectively |  |  | 1,389,368 |  |  | 48,031 |  |  | 303,658 |  |  | 7,355 |  |  | — |  |  | 1,748,412
Ending balance |  | $ | 1,402,114 |  | $ | 48,036 |  | $ | 304,635 |  | $ | 7,780 |  | $ | — |  | $ | 1,762,565
|  |  | Three months ended March 31, 2019
|  | Real Estate |  | Agricultural Products |  | Commercial and Industrial (1) |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 5,831 |  | $ | 256 |  | $ | 2,394 |  | $ | 1,239 |  | $ | 30 |  | $ | 9,750
Charge-offs |  |  | — |  |  | — |  |  | (579) |  |  | (551) |  |  | — |  |  | (1,130)
Recoveries |  |  | 175 |  |  | — |  |  | 41 |  |  | 302 |  |  | — |  |  | 518
Provision |  |  | 88 |  |  | (37) |  |  | 58 |  |  | 139 |  |  | 52 |  |  | 300
Ending balance |  | $ | 6,094 |  | $ | 219 |  | $ | 1,914 |  | $ | 1,129 |  | $ | 82 |  | $ | 9,438
Reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specific |  | $ | 915 |  | $ | 1 |  | $ | 333 |  | $ | 180 |  | $ | — |  | $ | 1,429
General |  |  | 5,179 |  |  | 218 |  |  | 1,581 |  |  | 949 |  |  | 82 |  |  | 8,009
Ending balance |  | $ | 6,094 |  | $ | 219 |  | $ | 1,914 |  | $ | 1,129 |  | $ | 82 |  | $ | 9,438
Loans evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually |  | $ | 13,348 |  | $ | 6 |  | $ | 1,099 |  | $ | 789 |  | $ | — |  | $ | 15,242
Collectively |  |  | 1,460,502 |  |  | 52,080 |  |  | 215,698 |  |  | 7,467 |  |  | — |  |  | 1,735,747
Ending balance |  | $ | 1,473,850 |  | $ | 52,086 |  | $ | 216,797 |  | $ | 8,256 |  | $ | — |  | $ | 1,750,989

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