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Loans (Tables)
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loan Balances

Loan balances were as follows:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

Commercial & Agriculture

 

$

330,627

 

 

$

328,488

 

Commercial Real Estate- Owner Occupied

 

 

378,095

 

 

 

374,367

 

Commercial Real Estate- Non-Owner Occupied

 

 

1,246,025

 

 

 

1,225,991

 

Residential Real Estate

 

 

773,349

 

 

 

763,869

 

Real Estate Construction

 

 

297,589

 

 

 

305,992

 

Farm Real Estate

 

 

22,399

 

 

 

23,035

 

Lease Financing Receivables

 

 

44,570

 

 

 

46,900

 

Consumer and Other

 

 

11,382

 

 

 

12,588

 

Total loans

 

 

3,104,036

 

 

 

3,081,230

 

Allowance for credit losses

 

 

(40,284

)

 

 

(39,669

)

Net loans

 

$

3,063,752

 

 

$

3,041,561

 

Schedule of Net Investment in Direct financing and Sales-type leases The net investment in direct financing and sales-type leases was comprised of the following as of March 31, 2025 and December 31, 2024:

 

 

 

March 31, 2025

 

December 31, 2024

 

Minimum lease payments receivable

 

$

50,417

 

$

53,284

 

Unguaranteed residual assets

 

 

1,330

 

 

1,286

 

Unamortized direct costs

 

 

 

 

 

Unearned income

 

 

(7,177

)

 

(7,670

)

Total net investment in direct financing and sales-type leases

 

$

44,570

 

$

46,900