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Loans | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
Loans | NOTE 4 - LOANS Loans at year-end were as follows:
|  | 2024 |  |  | 2023 |
Commercial & Agriculture |  | $ | 328,488 |  |  | $ | 304,793 |
Commercial Real Estate - Owner Occupied |  |  | 374,367 |  |  |  | 377,321 |
Commercial Real Estate - Non-Owner Occupied |  |  | 1,225,991 |  |  |  | 1,161,894 |
Residential Real Estate |  |  | 763,869 |  |  |  | 659,841 |
Real Estate Construction |  |  | 305,992 |  |  |  | 260,409 |
Farm Real Estate |  |  | 23,035 |  |  |  | 24,771 |
Lease financing receivable |  |  | 46,900 |  |  |  | 54,642 |
Consumer and Other |  |  | 12,588 |  |  |  | 18,056 |
Total Loans |  |  | 3,081,230 |  |  |  | 2,861,727 |
Allowance for credit losses |  |  | (39,669 | ) |  |  | (37,160 | )
Net loans |  | $ | 3,041,561 |  |  | $ | 2,824,567 |
Included in Commercial & Agriculture loans as of December 31, 2024 and 2023 was $177 and $326, respectively, of Paycheck Protection Program (“PPP”) loans. Included in total loans above are deferred loan fees of $2,686 and $2,743 at December 31, 2024 and 2023, respectively. Lease financing receivables consist of sales-type and direct financing leases for equipment, with terms typically ranging from two to six years. On direct financing leases, the Company obtains third-party residual value guarantees to reduce its residual asset risk. The net investment in direct financing and sales-type leases was comprised of the following:
|  | At December 31, |
|  | 2024 |  | 2023 |
Minimum lease payments receivable |  | $ | 53,284 |  | $ | 63,564 |
Unguaranteed residual assets |  |  | 1,286 |  |  | 634 |
Unamortized direct costs |  |  | — |  |  | — |
Unearned income |  |  | (7,670 | ) |  | (9,556 | )
Total net investment in direct financing and sales-type leases |  | $ | 46,900 |  | $ | 54,642 |
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases at December 31, 2024 were as follows:
|  | At December 31, |
|  | 2024 |
2025 |  | $ | 16,736 |
2026 |  |  | 14,360 |
2027 |  |  | 10,712 |
2028 |  |  | 7,307 |
2029 |  |  | 2,899 |
Thereafter |  |  | 1,270 |
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases |  | $ | 53,284 |
Loans to principal officers, directors, and their affiliates at year-end 2024 and 2023 were as follows:
|  | 2024 |  |  | 2023 |
Balance - Beginning of year |  | $ | 10,550 |  |  | $ | 21,107 |
New loans and advances |  |  | 3,719 |  |  |  | 1,477 |
Repayments |  |  | (2,732 | ) |  |  | (2,205 | )
Effect of changes to related parties |  |  | 10,253 |  |  |  | (9,829 | )
Balance - End of year |  | $ | 21,790 |  |  | $ | 10,550 |
The Company had credit lines to principal officers, directors, and their affiliates with an availability of $7,520 and $7,231 as of December 31, 2024 and 2023, respectively. Paycheck Protection Program In response to the novel COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security Act of 2020, as amended (the "CARES Act"), was signed into law on March 27, 2020, to provide national emergency economic relief measures. The CARES Act amended the loan program of the Small Business Administration (the "SBA"), in which Civista participates, to create a guaranteed, unsecured loan program, the Paycheck Protection Program (the "PPP"), to fund operational costs of eligible businesses, organizations and self-employed persons during the COVID-19 pandemic. During 2020, Civista processed over 2,300 PPP loans totaling $268.3 million. The Consolidated Appropriations Act 2021, was signed into law on December 27, 2020 to provide an additional funding of $284.5 billion under the PPP and the establishment of PPP Second Draw Loans under the Economic Aid to Hard-Hit Small Businesses, Nonprofit, and Venues Act (the “Relief Act”). This additional funding was made available from original PPP lenders on January 19, 2021, and the deadline (as extended) for submitting applications for PPP Second Draw Loans was May 31, 2021. Funds provided under the Relief Act were earmarked both for first time PPP borrowers (subject to original PPP eligibility and limits) as well as ‘Second Draw’ Loans for borrowers that already received an original PPP loan. During 2021, Civista received SBA approval on, and funded, 1,340 PPP loans totaling $131,109 under the Relief Act. At December 31, 2024 Civista had PPP loans outstanding of $177.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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