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Loans
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Loans

(4) Loans

Loan balances were as follows:

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Commercial & Agriculture

 

$

201,860

 

 

$

203,110

 

Commercial Real Estate- Owner Occupied

 

 

255,633

 

 

 

245,606

 

Commercial Real Estate- Non-Owner Occupied

 

 

616,192

 

 

 

592,222

 

Residential Real Estate

 

 

458,478

 

 

 

463,032

 

Real Estate Construction

 

 

163,807

 

 

 

155,825

 

Farm Real Estate

 

 

32,152

 

 

 

34,114

 

Consumer and Other

 

 

15,003

 

 

 

15,061

 

Total loans

 

 

1,743,125

 

 

 

1,708,970

 

Allowance for loan losses

 

 

(16,948

)

 

 

(14,767

)

Net loans

 

$

1,726,177

 

 

$

1,694,203

 

 

Included in total loans above are net deferred loan fees of $432 and $488 at March 31, 2020 and December 31, 2019, respectively.

 

Loan Modifications/Troubled Debt Restructurings

 

During the first quarter, Civista modified 66 loans totaling $39,921, primarily consisting of the deferral of principal and/or interest payments.  All of the modifications were performing at the time of the modification and comply with the provisions of the CARES Act to not be considered a troubled debt restructuring.  Details with respect to actual loan modifications are as follows:

 

 

 

Number of

 

 

 

 

 

 

Weighted

Average

 

Type of Loan

 

Loans

 

 

Balance

 

 

Interest Rate

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Commercial & Agriculture

 

 

26

 

 

$

5,449

 

 

 

4.65

%

Commercial Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner Occupied

 

 

25

 

 

 

10,077

 

 

 

4.82

%

Non-Owner Occupied

 

 

12

 

 

 

24,122

 

 

 

4.86

%

Residential Real Estate

 

 

2

 

 

 

184

 

 

 

4.91

%

Farm Real Estate

 

 

1

 

 

 

89

 

 

 

5.00

%

Total

 

 

66

 

 

$

39,921

 

 

 

4.82

%