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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Text Block [Abstract]

Changes in the Allowance for Loan Losses

The following table presents, by portfolio segment, the changes in the allowance for credit losses ("ACL") for the three months ended March 31, 2025 and 2024.

Allowance for credit losses:


For the three months ended March 31, 2025		Beginning balance				Charge-offs				Recoveries				Provision				Ending Balance
Commercial & Agriculture		$	6,586			$	(72	)		$	291			$	(611	)		$	6,194
Commercial Real Estate:
Owner Occupied			4,327				—				—				139				4,466
Non-Owner Occupied			11,404				(800	)			—				808				11,412
Residential Real Estate			11,866				—				19				570				12,455
Real Estate Construction			3,708				—				—				309				4,017
Farm Real Estate			226				—				—				38				264
Lease Financing Receivables			1,361				(90	)			25				(19	)			1,277
Consumer and Other			191				(14	)			8				14				199
Total		$	39,669			$	(976	)		$	343			$	1,248			$	40,284


March 31, 2024		Beginning balance				Charge-offs				Recoveries				Provision				Ending Balance
Commercial & Agriculture		$	7,587			$	(212	)		$	152			$	210			$	7,737
Commercial Real Estate:
Owner Occupied			4,723				—				3				(74	)			4,652
Non-Owner Occupied			12,056				(174	)			5				1,081				12,968
Residential Real Estate			8,489				(13	)			120				478				9,074
Real Estate Construction			3,388				—				4				41				3,433
Farm Real Estate			260				—				—				60				320
Lease Financing Receivables			297				(226	)			—				288				359
Consumer and Other			341				(26	)			14				(23	)			306
Unallocated			19				—				—				(19	)			0
Total		$	37,160			$	(651	)		$	298			$	2,042			$	38,849

Credit Exposures by Internally Assigned Grades

Based on the most recent analysis performed, the risk category of loans at March 31, 2025, and year-to-date gross charge-offs as of March 31, 2025, by type and year of originations, was as follows:


		Term Loans Amortized Cost Basis by Origination Year


																										Revolving
		2025				2024				2023				2022				2021				Prior				Loans				Total
Commercial & Agriculture
Pass		$	15,283			$	71,588			$	50,954			$	33,330			$	30,474			$	19,220			$	87,076			$	307,925
Special Mention			—				—				1,020				359				28				1,168				6,471				9,046
Substandard			—				4,928				2,011				741				56				331				3,958				12,025
Doubtful			—				—				—				—				—				—				1,631				1,631
Total Commercial & Agriculture		$	15,283			$	76,516			$	53,985			$	34,430			$	30,558			$	20,719			$	99,136			$	330,627
Commercial & Agriculture:
Current-period gross charge-offs		$	—			$	—			$	67			$	5			$	—			$	—			$	—			$	72

Commercial Real Estate - Owner Occupied
Pass		$	9,696			$	30,535			$	42,075			$	71,877			$	61,094			$	140,004			$	7,428			$	362,709
Special Mention			—				—				1,855				3,625				848				2,103				—				8,431
Substandard			—				—				1,631				1,488				—				3,134				702				6,955
Doubtful			—				—				—				—				—				—				—				—
Total Commercial Real Estate - Owner Occupied		$	9,696			$	30,535			$	45,561			$	76,990			$	61,942			$	145,241			$	8,130			$	378,095
Commercial Real Estate - Owner Occupied:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial Real Estate - Non-Owner Occupied
Pass		$	6,903			$	76,610			$	236,533			$	308,589			$	164,883			$	387,359			$	26,873			$	1,207,750
Special Mention			—				—				—				2,019				9,219				9,355				—				20,593
Substandard			—				—				—				—				7,200				10,482				—				17,682
Doubtful			—				—				—				—				—				—				—				—
Total Commercial Real Estate - Non-Owner Occupied		$	6,903			$	76,610			$	236,533			$	310,608			$	181,302			$	407,196			$	26,873			$	1,246,025
Commercial Real Estate - Non-Owner Occupied:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	800			$	—			$	—			$	800

Residential Real Estate
Pass		$	10,580			$	104,612			$	124,498			$	111,075			$	89,082			$	151,081			$	173,222			$	764,150
Special Mention			—				68				286				—				570				328				350				1,602
Substandard			—				—				510				1,556				645				2,467				905				6,083
Doubtful			—				1,091				—				—				—				—				423				1,514
Total Residential Real Estate		$	10,580			$	105,771			$	125,294			$	112,631			$	90,297			$	153,876			$	174,900			$	773,349
Residential Real Estate:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—




																										Revolving
		2025				2024				2023				2022				2021				Prior				Loans				Total
Real Estate Construction
Pass		$	7,301			$	92,585			$	125,442			$	42,335			$	4,755			$	8,591			$	10,470			$	291,479
Special Mention			—				208				747				5,000				155				—				—				6,110
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total Real Estate Construction		$	7,301			$	92,793			$	126,189			$	47,335			$	4,910			$	8,591			$	10,470			$	297,589
Real Estate Construction:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Farm Real Estate
Pass		$	53			$	377			$	2,098			$	479			$	2,078			$	15,158			$	1,469			$	21,712
Special Mention			—				—				—				388				—				159				140				687
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total Farm Real Estate		$	53			$	377			$	2,098			$	867			$	2,078			$	15,317			$	1,609			$	22,399
Farm Real Estate:
Current-period charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Lease Financing Receivables
Pass		$	4,030			$	14,931			$	15,344			$	5,700			$	1,247			$	445			$	—				41,697
Special Mention			78				742				170				117				6				11				—				1,124
Substandard			—				1,049				329				371				—				—				—				1,749
Doubtful			—				—				-				—				—				—				—				—
Total Lease Financing Receivables		$	4,108			$	16,722			$	15,843			$	6,188			$	1,253			$	456			$	—			$	44,570
Lease Financing Receivables:
Current-period charge-offs		$	—			$	—			$	—			$	90			$	—			$	—			$	—			$	90

Consumer and Other
Pass		$	655			$	1,872			$	3,349			$	1,997			$	1,490			$	680			$	1,313			$	11,356
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				18				8				—				—				26
Doubtful			—				—				—				—				—				—				—				—
Total Consumer and Other		$	655			$	1,872			$	3,349			$	2,015			$	1,498			$	680			$	1,313			$	11,382
Consumer and Other:
Current-period charge-offs		$	—			$	—			$	5			$	5			$	4			$	—			$	—			$	14
Total Loans		$	54,579			$	401,196			$	608,852			$	591,064			$	373,838			$	752,076			$	322,431			$	3,104,036
Total Loans:
Current-period charge-offs		$	—			$	—			$	72			$	100			$	804			$	—			$	—			$	976

The risk category of loans at December 31, 2024, and year-to-date gross charge-offs as of March 31, 2024, by type and year of originations, was as follows:


		Term Loans Amortized Cost Basis by Origination Year


																										Revolving
		2024				2023				2022				2021				2020				Prior				Loans				Total
Commercial & Agriculture
Pass		$	74,397			$	55,540			$	37,078			$	33,164			$	7,477			$	13,449			$	86,804			$	307,909
Special Mention			255				1,225				511				32				1,286				—				4,173				7,482
Substandard			5,629				1,942				413				89				3				332				3,004				11,412
Doubtful			—				—				—				—				—				—				1,685				1,685
Total Commercial & Agriculture		$	80,281			$	58,707			$	38,002			$	33,285			$	8,766			$	13,781			$	95,666			$	328,488
Commercial & Agriculture:
Current-period gross charge-offs		$	—			$	139			$	—			$	40			$	—			$	33			$	—			$	212

Commercial Real Estate - Owner Occupied
Pass		$	26,677			$	40,344			$	72,901			$	62,663			$	52,478			$	97,293			$	8,358			$	360,714
Special Mention			—				3,525				4,987				855				383				302				178				10,230
Substandard			—				—				—				—				—				3,189				234				3,423
Doubtful			—				—				—				—				—				—				—				—
Total Commercial Real Estate - Owner Occupied		$	26,677			$	43,869			$	77,888			$	63,518			$	52,861			$	100,784			$	8,770			$	374,367
Commercial Real Estate - Owner Occupied:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial Real Estate - Non-Owner Occupied
Pass		$	59,635			$	227,608			$	299,079			$	170,534			$	121,313			$	280,870			$	29,219			$	1,188,258
Special Mention			—				—				7,166				—				—				10,533				—				17,699
Substandard			—				—				—				8,000				—				12,034				—				20,034
Doubtful			—				—				—				—				—				—				—				—
Total Commercial Real Estate - Non-Owner Occupied		$	59,635			$	227,608			$	306,245			$	178,534			$	121,313			$	303,437			$	29,219			$	1,225,991
Commercial Real Estate - Non-Owner Occupied:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	174			$	—			$	174

Residential Real Estate
Pass		$	97,552			$	127,090			$	113,877			$	90,198			$	64,528			$	91,785			$	168,840			$	753,870
Special Mention			71				286				—				576				92				481				426				1,932
Substandard			—				316				967				859				675				2,655				1,180				6,652
Doubtful			1,115				—				—				—				—				—				300				1,415
Total Residential Real Estate		$	98,738			$	127,692			$	114,844			$	91,633			$	65,295			$	94,921			$	170,746			$	763,869
Residential Real Estate:
Current-period gross charge-offs		$	—			$	—			$	—			$	3			$	—			$	10			$	—			$	13




																										Revolving
		2024				2023				2022				2021				2020				Prior				Loans				Total
Real Estate Construction
Pass		$	90,417			$	133,695			$	52,564			$	10,348			$	6,841			$	2,369			$	9,449			$	305,683
Special Mention			154				—				—				155				—				—				—				309
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total Real Estate Construction		$	90,571			$	133,695			$	52,564			$	10,503			$	6,841			$	2,369			$	9,449			$	305,992
Real Estate Construction:
Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Farm Real Estate
Pass		$	571			$	2,125			$	495			$	2,099			$	4,122			$	11,525			$	1,490			$	22,427
Special Mention			—				—				388				—				—				158				62				608
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total Farm Real Estate		$	571			$	2,125			$	883			$	2,099			$	4,122			$	11,683			$	1,552			$	23,035
Farm Real Estate:
Current-period charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Lease Financing Receivables
Pass		$	18,783			$	16,516			$	6,955			$	1,563			$	426			$	65			$	—			$	44,308
Special Mention			1,107				—				—				—				—				—				—				1,107
Substandard			—				466				1,000				—				19				—				—				1,485
Doubtful			—				—				—				—				—				—				—				-
Total Lease Financing Receivables		$	19,890			$	16,982			$	7,955			$	1,563			$	445			$	65			$	—			$	46,900
Lease Financing Receivables:
Current-period charge-offs		$	—			$	—			$	151			$	12			$	63			$	—			$	—			$	226

Consumer and Other
Pass		$	2,521			$	3,717			$	2,329			$	1,787			$	677			$	206			$	1,339			$	12,576
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				3				—				9				—				—				—				12
Doubtful			—				—				—				—				—				—				—				—
Total Consumer and Other		$	2,521			$	3,720			$	2,329			$	1,796			$	677			$	206			$	1,339			$	12,588
Consumer and Other:
Current-period charge-offs		$	—			$	2			$	2			$	5			$	4			$	13			$	—			$	26
Total Loans		$	378,884			$	614,398			$	600,710			$	382,931			$	260,320			$	527,246			$	316,741			$	3,081,230
Total Loans:
Current-period charge-offs		$	—			$	141			$	153			$	60			$	67			$	230			$	—			$	651

Aging Analysis of Past Due Loans

The following tables include an aging analysis of the recorded investment of past due loans outstanding as of March 31, 2025 and December 31, 2024.


March 31, 2025		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Loans				Past Due 90 Days and Accruing
Commercial & Agriculture		$	9,315			$	308			$	1,800			$	11,423			$	319,204			$	330,627			$	146
Commercial Real Estate:
Owner Occupied			7				—				—				7				378,088				378,095				—
Non-Owner Occupied			—				67				8,234				8,301				1,237,724				1,246,025				—
Residential Real Estate			2,970				1,196				1,880				6,046				767,303				773,349				—
Real Estate Construction			—				—				—				—				297,589				297,589				—
Farm Real Estate			—				—				—				—				22,399				22,399				—
Lease Financing Receivables			3,008				—				352				3,360				41,210				44,570				—
Consumer and Other			88				5				18				111				11,271				11,382				—
Total		$	15,388			$	1,576			$	12,284			$	29,248			$	3,074,788			$	3,104,036			$	146


December 31, 2024		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Loans				Past Due 90 Days and Accruing
Commercial & Agriculture		$	825			$	114			$	1,374			$	2,313			$	326,175			$	328,488			$	—
Commercial Real Estate:
Owner Occupied			—				—				225				225				374,142				374,367				225
Non-Owner Occupied			69				8,000				2,514				10,583				1,215,408				1,225,991				—
Residential Real Estate			5,504				1,634				2,273				9,411				754,458				763,869				—
Real Estate Construction			—				—				—				—				305,992				305,992				—
Farm Real Estate			—				—				—				—				23,035				23,035				—
Lease Financing Receivables			575				351				909				1,835				45,065				46,900				—
Consumer and Other			181				37				3				221				12,367				12,588				—
Total		$	7,154			$	10,136			$	7,298			$	24,588			$	3,056,642			$	3,081,230			$	225

Summary of Nonaccrual Loans Excluding PCI Loans

The following table presents loans on nonaccrual status as of March 31, 2025.


March 31, 2025		Nonaccrual loans with a related ACL				Nonaccrual loans without a related ACL				Total Nonaccrual loans
Commercial & Agriculture		$	7,351			$	5,353			$	12,704
Commercial Real Estate:
Owner Occupied			—				2,959				2,959
Non-Owner Occupied			1,034				7,200				8,234
Residential Real Estate			5,079				1,515				6,594
Real Estate Construction			—				—				—
Farm Real Estate			—				—				—
Lease Financing Receivables			353				117				470
Consumer and Other			28				—				28
Total		$	13,845			$	17,144			$	30,989

The following table presents loans on nonaccrual status as of December 31, 2024.


December 31, 2024		Nonaccrual loans with a related ACL				Nonaccrual loans without a related ACL				Total Nonaccrual loans
Commercial & Agriculture		$	8,901			$	3,370			$	12,271
Commercial Real Estate:
Owner Occupied			36				—				36
Non-Owner Occupied			2,514				8,000				10,514
Residential Real Estate			4,745				2,131				6,876
Real Estate Construction			—				—				-
Farm Real Estate			—				—				-
Lease Financing Receivables			638				600				1,238
Consumer and Other			15				—				15
Total		$	16,849			$	14,101			$	30,950

Schedule of Amortized Cost Basis of Collateral Dependent Loans Individually Evaluated Expected Credit Losses and Related Allowance for Credit Losses

The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans as of March 31, 2025 and December 31, 2024.


March 31, 2025		Real Estate				Other				Allowance for Credit Losses
Commercial & Agriculture		$	—			$	8,603			$	968
Commercial Real Estate:
Owner Occupied			2,959				—				—
Non-Owner Occupied			8,234				—				550
Residential Real Estate			1,515				—				—
Real Estate Construction			—				—				—
Farm Real Estate			—				—				—
Lease Financing Receivables			—				—				—
Consumer and Other			—				—				—
Total		$	12,708			$	8,603			$	1,518



December 31, 2024		Real Estate				Other				Allowance for Credit Losses
Commercial & Agriculture		$	—			$	8,179			$	1,679
Commercial Real Estate:
Owner Occupied			—				—				—
Non-Owner Occupied			10,514				—				674
Residential Real Estate			2,131				—				—
Real Estate Construction			—				—				—
Farm Real Estate			—				—				—
Lease Financing Receivables			—				665				6
Consumer and Other			—				—				—
Total		$	12,645			$	8,844			$	2,359

Schedule of Loans Modified to Borrowers Experiencing Financial Difficulty

The following table presents the payment status of the loans that were modified to borrowers experiencing financial difficulties in the last twelve months ended March 31, 2025.


		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due			Current			Non-Accrual
Commercial & Agriculture		$	2,863			$	—			$	435			$	3,298		$	—		$	3,298
Commercial Real Estate:
Owner Occupied			—				—				—				—			—			—
Non-Owner Occupied			—				—				8,234				8,234			—			8,234
Residential Real Estate			—				—				—				—			—			—
Real Estate Construction			—				—				—				—			—			—
Farm Real Estate			—				—				—				—			—			—
Lease Financing Receivables			—				—				—				—			—			—
Consumer and Other			—				—				—				—			—			—
Total		$	2,863			$	—			$	8,669			$	11,532		$	—		$	11,532

Schedule Of Allowance For Credit Losses On Off-balance Sheet Credit Exposures

The following table lists the allowance for credit losses on off-balance sheet credit exposures as of March 31, 2025 and March 31, 2024:


		Three Months Ended
		March 31,
		2025			2024
Beginning of Period		$	3,380			3,901
Provision for (recovery of)			319			(50	)
End of Period		$	3,699		$	3,851