XML 27 R21.htm IDEA: XBRL DOCUMENT v3.19.3
Loans (Tables)
9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Loans

Loan balances as of  September 30, 2019 and December 31, 2018:

 

 

 

(In Thousands)

 

Loans:

 

September 30, 2019

 

 

December 31, 2018

 

Consumer Real Estate

 

$

159,074

 

 

$

80,766

 

Agricultural Real Estate

 

 

200,791

 

 

 

68,609

 

Agricultural

 

 

110,270

 

 

 

108,495

 

Commercial Real Estate

 

 

502,137

 

 

 

419,784

 

Commercial and Industrial

 

 

130,150

 

 

 

121,793

 

Consumer

 

 

49,552

 

 

 

41,953

 

Other

 

 

8,167

 

 

 

5,889

 

 

 

 

1,160,141

 

 

 

847,289

 

Less: Net deferred loan fees and costs

 

 

(1,445

)

 

 

(915

)

 

 

 

1,158,696

 

 

 

846,374

 

Less: Allowance for loan losses

 

 

(6,759

)

 

 

(6,775

)

Loans - Net

 

$

1,151,937

 

 

$

839,599

 

Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category

The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of September 30, 2019:

 

 

 

(In Thousands)

 

 

 

Fixed

 

 

Variable

 

 

 

Rate

 

 

Rate

 

Consumer Real Estate

 

$

71,645

 

 

$

87,429

 

Agricultural Real Estate

 

 

94,620

 

 

 

106,171

 

Agricultural

 

 

70,049

 

 

 

40,221

 

Commercial Real Estate

 

 

323,791

 

 

 

178,346

 

Commercial and Industrial

 

 

76,229

 

 

 

53,921

 

Consumer

 

 

45,069

 

 

 

4,483

 

Other

 

 

8,070

 

 

 

97

 

Contractual Aging of the Recorded Investment in Past Due Loans by Portfolio Classification of Loans

The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of September 30, 2019 and December 31, 2018, net of deferred loan fees and costs:

 

September 30, 2019

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Financing Receivables

 

 

Recorded Investment > 90 Days and Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

388

 

 

$

51

 

 

$

434

 

 

$

873

 

 

$

157,585

 

 

$

158,458

 

 

$

-

 

Agricultural Real Estate

 

 

536

 

 

 

-

 

 

 

-

 

 

 

536

 

 

 

200,089

 

 

 

200,625

 

 

 

-

 

Agricultural

 

 

239

 

 

 

10

 

 

 

253

 

 

 

502

 

 

 

109,903

 

 

 

110,405

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

501,095

 

 

 

501,095

 

 

 

-

 

Commercial and Industrial

 

 

156

 

 

 

294

 

 

 

-

 

 

 

450

 

 

 

137,945

 

 

 

138,395

 

 

 

-

 

Consumer

 

 

117

 

 

 

18

 

 

 

-

 

 

 

135

 

 

 

49,583

 

 

 

49,718

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,436

 

 

$

373

 

 

$

687

 

 

$

2,496

 

 

$

1,156,200

 

 

$

1,158,696

 

 

$

-

 

 

December 31, 2018

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 90 Days

 

 

Total Past Due

 

 

Current

 

 

Total Financing Receivables

 

 

Recorded Investment >

90 Days and

Accruing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

342

 

 

$

24

 

 

$

254

 

 

$

620

 

 

$

79,612

 

 

$

80,232

 

 

$

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

68,588

 

 

 

68,588

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

108,616

 

 

 

108,616

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

419,131

 

 

 

419,131

 

 

 

-

 

Commercial and Industrial

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

127,752

 

 

 

127,752

 

 

 

-

 

Consumer

 

 

85

 

 

 

24

 

 

 

8

 

 

 

117

 

 

 

41,938

 

 

 

42,055

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

427

 

 

$

48

 

 

$

262

 

 

$

737

 

 

$

845,637

 

 

$

846,374

 

 

$

-

 

 

Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans

The following table presents the recorded investment in nonaccrual loans by class of loans as of September 30, 2019 and December 31, 2018:

 

 

 

(In Thousands)

 

 

 

September 30,

2019

 

 

December 31,

2018

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

904

 

 

$

462

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

Agricultural

 

 

1,830

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

Commercial & Industrial

 

 

456

 

 

 

72

 

Consumer

 

 

85

 

 

 

8

 

Total

 

$

3,275

 

 

$

542

 

Risk Category of Loans by Portfolio Class

 

The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of September 30, 2019 and December 31, 2018:

 

 

 

(In Thousands)

 

 

 

Agricultural

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

 

 

 

 

 

Real Estate

 

 

Agricultural

 

 

Real Estate

 

 

and Industrial

 

 

Other

 

September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-2

 

$

16,072

 

 

$

6,211

 

 

$

6,036

 

 

$

4,472

 

 

$

-

 

3

 

 

35,757

 

 

 

36,178

 

 

 

87,360

 

 

 

18,069

 

 

 

2,437

 

4

 

 

115,160

 

 

 

60,747

 

 

 

399,320

 

 

 

98,960

 

 

 

5,730

 

5

 

 

14,232

 

 

 

2,664

 

 

 

3,845

 

 

 

4,707

 

 

 

-

 

6

 

 

19,404

 

 

 

4,605

 

 

 

4,534

 

 

 

3,125

 

 

 

-

 

7

 

 

-

 

 

 

-

 

 

 

-

 

 

 

895

 

 

 

-

 

8

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

200,625

 

 

$

110,405

 

 

$

501,095

 

 

$

130,228

 

 

$

8,167

 

 

 

 

Agricultural

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

 

 

 

 

 

Real Estate

 

 

Agricultural

 

 

Real Estate

 

 

and Industrial

 

 

Other

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-2

 

$

4,442

 

 

$

5,753

 

 

$

4,698

 

 

$

3,199

 

 

$

-

 

3

 

 

14,118

 

 

 

38,852

 

 

 

64,341

 

 

 

16,284

 

 

 

3,135

 

4

 

 

49,596

 

 

 

63,380

 

 

 

346,072

 

 

 

100,644

 

 

 

2,754

 

5

 

 

422

 

 

 

631

 

 

 

2,171

 

 

 

308

 

 

 

-

 

6

 

 

10

 

 

 

-

 

 

 

1,849

 

 

 

542

 

 

 

-

 

7

 

 

-

 

 

 

-

 

 

 

-

 

 

 

886

 

 

 

-

 

8

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

68,588

 

 

$

108,616

 

 

$

419,131

 

 

$

121,863

 

 

$

5,889

 

Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of September 30, 2019 and December 31, 2018.

 

 

 

(In Thousands)

 

 

 

Consumer

 

 

Consumer

 

 

 

Real Estate

 

 

Real Estate

 

 

 

September 30,

2019

 

 

December 31,

2018

 

Grade

 

 

 

 

 

 

 

 

Pass

 

$

155,346

 

 

$

79,121

 

Special Mention (5)

 

 

227

 

 

 

232

 

Substandard (6)

 

 

2,885

 

 

 

879

 

Doubtful (7)

 

 

-

 

 

 

-

 

Total

 

$

158,458

 

 

$

80,232

 

 

 

 

(In Thousands)

 

 

 

Consumer - Credit

 

 

Consumer - Other

 

 

 

September 30,

2019

 

 

December 31,

2018

 

 

September 30,

2019

 

 

December 31,

2018

 

Performing

 

$

3,867

 

 

$

3,909

 

 

$

45,752

 

 

$

38,073

 

Nonperforming

 

 

-

 

 

 

19

 

 

 

99

 

 

 

54

 

Total

 

$

3,867

 

 

$

3,928

 

 

$

45,851

 

 

$

38,127

 

Schedule of Impaired Loans

Information about impaired loans as of September 30, 2019, December 31, 2018 and September 30, 2018 are as follows:

 

 

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

September 30, 2019

 

 

December 31, 2018

 

 

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a valuation allowance

 

$

1,914

 

 

$

1,808

 

 

$

1,841

 

Impaired loans with a valuation allowance

 

 

1,314

 

 

 

246

 

 

 

970

 

Total impaired loans

 

$

3,228

 

 

$

2,054

 

 

$

2,811

 

Valuation allowance related to impaired loans

 

$

187

 

 

$

31

 

 

$

148

 

Total non-accrual loans

 

$

3,275

 

 

$

542

 

 

$

483

 

Total loans past-due ninety days or more and

   still accruing

 

$

-

 

 

$

-

 

 

$

-

 

Quarter ended average investment in impaired

   loans

 

$

3,141

 

 

$

2,533

 

 

$

2,158

 

Year to date average investment in impaired

   loans

 

$

2,492

 

 

$

1,958

 

 

$

1,765

 

Impaired Loans Classified as Troubled Debt Restructured

The following table represents three and nine months ended September 30, 2019:

 

 

 

 

 

Pre-

 

Post-

 

 

 

 

 

 

Pre-

 

Post-

 

Three Months

Number of

 

Modification

 

Modification

 

 

Nine Months

Number of

 

Modification

 

Modification

 

September 30, 2019

Contracts

 

Outstanding

 

Outstanding

 

 

September 30, 2019

Contracts

 

Outstanding

 

Outstanding

 

(in thousands)

Modified in the

 

Recorded

 

Recorded

 

 

(in thousands)

Modified in the

 

Recorded

 

Recorded

 

Troubled Debt Restructurings

Last Three Months

 

Investment

 

Investment

 

 

Troubled Debt Restructurings

Last Nine Months

 

Investment

 

Investment

 

Consumer Real Estate

 

1

 

$

74

 

$

74

 

 

Consumer  Real Estate

 

1

 

$

74

 

$

74

 

Commercial and

Industrial

 

-

 

$

-

 

$

-

 

 

Commercial and

Industrial

 

4

 

$

812

 

$

812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans Individually Evaluated for Impairment by Portfolio Class of Loans

The following tables present loans individually evaluated for impairment by class of loans for three months ended September 30, 2019 and September 30, 2018.

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

QTD

 

 

Interest

 

Three Months Ended September 30, 2019

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

626

 

 

$

626

 

 

$

-

 

 

$

628

 

 

$

9

 

 

$

3

 

Agricultural Real Estate

 

 

406

 

 

 

406

 

 

 

-

 

 

 

406

 

 

 

-

 

 

 

-

 

Agricultural

 

 

368

 

 

 

368

 

 

 

-

 

 

 

368

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

304

 

 

 

304

 

 

 

-

 

 

 

267

 

 

 

7

 

 

 

-

 

Commercial and Industrial

 

 

210

 

 

 

210

 

 

 

-

 

 

 

219

 

 

 

3

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

126

 

 

 

128

 

 

 

22

 

 

 

172

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

14

 

 

 

-

 

Commercial and Industrial

 

 

1,188

 

 

 

1,188

 

 

 

165

 

 

 

1,081

 

 

 

-

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

752

 

 

$

754

 

 

$

22

 

 

$

800

 

 

$

9

 

 

$

3

 

Agricultural Real Estate

 

$

406

 

 

$

406

 

 

$

-

 

 

$

406

 

 

$

-

 

 

$

-

 

Agricultural

 

$

368

 

 

$

368

 

 

$

-

 

 

$

368

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

304

 

 

$

304

 

 

$

-

 

 

$

267

 

 

$

21

 

 

$

-

 

Commercial and Industrial

 

$

1,398

 

 

$

1,398

 

 

$

165

 

 

$

1,300

 

 

$

3

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

QTD

 

 

Interest

 

Three Months Ended September 30, 2018

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

589

 

 

$

589

 

 

$

-

 

 

$

645

 

 

$

9

 

 

$

5

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

196

 

 

 

196

 

 

 

-

 

 

 

197

 

 

 

3

 

 

 

-

 

Commercial and Industrial

 

 

1,056

 

 

 

1,056

 

 

 

-

 

 

 

504

 

 

 

12

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

174

 

 

 

174

 

 

 

26

 

 

 

227

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

796

 

 

 

796

 

 

 

122

 

 

 

585

 

 

 

3

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

763

 

 

$

763

 

 

$

26

 

 

$

872

 

 

$

9

 

 

$

5

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Agricultural

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

196

 

 

$

196

 

 

$

-

 

 

$

197

 

 

$

3

 

 

$

-

 

Commercial and Industrial

 

$

1,852

 

 

$

1,852

 

 

$

122

 

 

$

1,089

 

 

$

15

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

The following tables present loans individually evaluated for impairment by class of loans for nine months ended September 30, 2019 and September 30, 2018.

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

YTD

 

 

Interest

 

Nine Months Ended September 30, 2019

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

626

 

 

$

626

 

 

$

-

 

 

$

625

 

 

$

24

 

 

$

7

 

Agricultural Real Estate

 

 

406

 

 

 

406

 

 

 

-

 

 

 

135

 

 

 

-

 

 

 

-

 

Agricultural

 

 

368

 

 

 

368

 

 

 

-

 

 

 

123

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

304

 

 

 

304

 

 

 

-

 

 

 

217

 

 

 

14

 

 

 

-

 

Commercial and Industrial

 

 

210

 

 

 

210

 

 

 

-

 

 

 

697

 

 

 

9

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

126

 

 

 

128

 

 

 

22

 

 

 

220

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

24

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

1,188

 

 

 

1,188

 

 

 

165

 

 

 

451

 

 

 

37

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

752

 

 

$

754

 

 

$

22

 

 

$

845

 

 

$

24

 

 

$

7

 

Agricultural Real Estate

 

$

406

 

 

$

406

 

 

$

-

 

 

$

135

 

 

$

-

 

 

$

-

 

Agricultural

 

$

368

 

 

$

368

 

 

$

-

 

 

$

147

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

304

 

 

$

304

 

 

$

-

 

 

$

217

 

 

$

14

 

 

$

-

 

Commercial and Industrial

 

$

1,398

 

 

$

1,398

 

 

$

165

 

 

$

1,148

 

 

$

46

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

YTD

 

 

Interest

 

Nine Months Ended September 30, 2018

 

 

 

 

 

Unpaid

 

 

 

 

 

 

Average

 

 

Interest

 

 

Income

 

 

 

Recorded

 

 

Principal

 

 

Related

 

 

Recorded

 

 

Income

 

 

Recognized

 

 

 

Investment

 

 

Balance

 

 

Allowance

 

 

Investment

 

 

Recognized

 

 

Cash Basis

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

589

 

 

$

589

 

 

$

-

 

 

$

554

 

 

$

23

 

 

$

15

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

22

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

196

 

 

 

196

 

 

 

-

 

 

 

199

 

 

 

8

 

 

 

-

 

Commercial and Industrial

 

 

1,056

 

 

 

1,056

 

 

 

-

 

 

 

238

 

 

 

12

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

174

 

 

 

174

 

 

 

26

 

 

 

153

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

186

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

796

 

 

 

796

 

 

 

122

 

 

 

413

 

 

 

11

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

763

 

 

$

763

 

 

$

26

 

 

$

707

 

 

$

23

 

 

$

15

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

22

 

 

$

-

 

 

$

-

 

Agricultural

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

196

 

 

$

196

 

 

$

-

 

 

$

385

 

 

$

8

 

 

$

-

 

Commercial and Industrial

 

$

1,852

 

 

$

1,852

 

 

$

122

 

 

$

651

 

 

$

23

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

Summary of Activities in Allowance for Credit Losses The following tables summarize the activities in the allowance for credit losses.

 

 

 

(In Thousands)

 

 

 

Nine Months Ended

 

 

Twelve Months Ended

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Allowance for Loan & Lease Losses

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

6,775

 

 

$

6,868

 

Provision for loan loss

 

 

410

 

 

 

324

 

Loans charged off

 

 

(554

)

 

 

(580

)

Recoveries

 

 

128

 

 

 

163

 

Allowance for Loan & Lease Losses

 

$

6,759

 

 

$

6,775

 

Allowance for Unfunded Loan Commitments &

      Letters of Credit

 

$

430

 

 

$

274

 

Total Allowance for Credit Losses

 

$

7,189

 

 

$

7,049

 

 

Analysis of Allowance for Credit Losses

Additional analysis, presented in thousands, related to the allowance for credit losses for three months ended September 30, 2019 and September 30, 2018 in addition to the ending balances as of December 31, 2018 is as follows:

 

 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Three Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

275

 

 

$

340

 

 

$

756

 

 

$

3,320

 

 

$

1,461

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

7,053

 

Charge Offs

 

 

(39

)

 

 

-

 

 

 

(22

)

 

 

-

 

 

 

(55

)

 

 

(103

)

 

 

-

 

 

 

-

 

 

 

(219

)

Recoveries

 

 

-

 

 

 

-

 

 

 

1

 

 

 

2

 

 

 

13

 

 

 

32

 

 

 

-

 

 

 

-

 

 

 

48

 

Provision (Credit)

 

 

38

 

 

 

12

 

 

 

(2

)

 

 

(17

)

 

 

131

 

 

 

90

 

 

 

-

 

 

 

(5

)

 

 

247

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

60

 

 

 

-

 

 

 

60

 

Ending Balance

 

$

274

 

 

$

352

 

 

$

733

 

 

$

3,305

 

 

$

1,550

 

 

$

545

 

 

$

430

 

 

$

-

 

 

$

7,189

 

Ending balance: individually evaluated

   for impairment

 

$

22

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

165

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

187

 

Ending balance: collectively evaluated

   for impairment

 

$

252

 

 

$

352

 

 

$

733

 

 

$

3,305

 

 

$

1,385

 

 

$

545

 

 

$

430

 

 

$

-

 

 

$

7,002

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

158,458

 

 

$

200,625

 

 

$

110,405

 

 

$

501,095

 

 

$

138,395

 

 

$

49,718

 

 

$

-

 

 

$

-

 

 

$

1,158,696

 

Ending balance: individually evaluated

   for impairment

 

$

752

 

 

$

406

 

 

$

368

 

 

$

304

 

 

$

1,398

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

3,228

 

Ending balance: collectively evaluated

   for impairment

 

$

157,659

 

 

$

200,219

 

 

$

110,037

 

 

$

500,791

 

 

$

136,997

 

 

$

49,718

 

 

$

-

 

 

$

-

 

 

$

1,155,421

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

47

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

47

 

 


December 31, 2018

 

Consumer

Real Estate

 

 

Agricultural Real Estate

 

 

Agricultural

 

 

Commercial Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Balance

 

$

247

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,305

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,049

 

Ending balance: individually evaluated for

   impairment

 

$

26

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

5

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

31

 

Ending balance: collectively evaluated for

   impairment

 

$

221

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,300

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,018

 

Ending balance: loans acquired with deteriorated

   credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

80,232

 

 

$

68,588

 

 

$

108,616

 

 

$

419,131

 

 

$

127,752

 

 

$

42,055

 

 

$

-

 

 

$

-

 

 

$

846,374

 

Ending balance: individually evaluated for

   impairment

 

$

757

 

 

$

-

 

 

$

-

 

 

$

194

 

 

$

1,103

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,054

 

Ending balance: collectively evaluated for

   impairment

 

$

79,359

 

 

$

68,588

 

 

$

108,616

 

 

$

418,937

 

 

$

126,649

 

 

$

42,055

 

 

$

-

 

 

$

-

 

 

$

844,204

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

116

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

116

 

 


 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Three Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

251

 

 

$

255

 

 

$

751

 

 

$

3,260

 

 

$

1,420

 

 

$

459

 

 

$

315

 

 

$

393

 

 

$

7,104

 

Charge Offs

 

 

(29

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(94

)

 

 

-

 

 

 

-

 

 

 

(123

)

Recoveries

 

 

18

 

 

 

-

 

 

 

-

 

 

 

3

 

 

 

3

 

 

 

18

 

 

 

-

 

 

 

-

 

 

 

42

 

Provision (Credit)

 

 

(5

)

 

 

(3

)

 

 

(8

)

 

 

9

 

 

 

(25

)

 

 

88

 

 

 

-

 

 

 

(9

)

 

 

47

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

18

 

 

 

-

 

 

 

18

 

Ending Balance

 

$

235

 

 

$

252

 

 

$

743

 

 

$

3,272

 

 

$

1,398

 

 

$

471

 

 

$

333

 

 

$

384

 

 

$

7,088

 

Ending balance: individually evaluated

   for impairment

 

$

26

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

122

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

148

 

Ending balance: collectively evaluated

   for impairment

 

$

209

 

 

$

252

 

 

$

743

 

 

$

3,272

 

 

$

1,276

 

 

$

471

 

 

$

333

 

 

$

384

 

 

$

6,940

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

82,629

 

 

$

68,524

 

 

$

103,760

 

 

$

416,632

 

 

$

125,612

 

 

$

41,541

 

 

$

-

 

 

$

-

 

 

$

838,698

 

Ending balance: individually evaluated

   for impairment

 

$

763

 

 

$

-

 

 

$

-

 

 

$

196

 

 

$

1,852

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,811

 

Ending balance: collectively evaluated

   for impairment

 

$

81,748

 

 

$

68,524

 

 

$

103,760

 

 

$

416,436

 

 

$

123,760

 

 

$

41,541

 

 

$

-

 

 

$

-

 

 

$

835,769

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

118

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

118

 

 

 

 


Additional analysis, presented in thousands, related to the allowance for credit losses for nine months ended September 30, 2019 and September 30, 2018 is as follows:

 

 

 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Nine Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

247

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,305

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,049

 

Charge Offs

 

 

(95

)

 

 

-

 

 

 

(22

)

 

 

-

 

 

 

(55

)

 

 

(382

)

 

 

-

 

 

 

-

 

 

 

(554

)

Recoveries

 

 

-

 

 

 

-

 

 

 

3

 

 

 

7

 

 

 

21

 

 

 

97

 

 

 

-

 

 

 

-

 

 

 

128

 

Provision (Credit)

 

 

122

 

 

 

102

 

 

 

(16

)

 

 

81

 

 

 

279

 

 

 

346

 

 

 

-

 

 

 

(504

)

 

 

410

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

156

 

 

 

-

 

 

 

156

 

Ending Balance

 

$

274

 

 

$

352

 

 

$

733

 

 

$

3,305

 

 

$

1,550

 

 

$

545

 

 

$

430

 

 

$

-

 

 

$

7,189

 

Ending balance: individually evaluated

   for impairment

 

$

22

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

165

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

187

 

Ending balance: collectively evaluated

   for impairment

 

$

252

 

 

$

352

 

 

$

733

 

 

$

3,305

 

 

$

1,385

 

 

$

545

 

 

$

430

 

 

$

-

 

 

$

7,002

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

158,458

 

 

$

200,625

 

 

$

110,405

 

 

$

501,095

 

 

$

138,395

 

 

$

49,718

 

 

$

-

 

 

$

-

 

 

$

1,158,696

 

Ending balance: individually evaluated

   for impairment

 

$

752

 

 

$

406

 

 

$

368

 

 

$

304

 

 

$

1,398

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

3,228

 

Ending balance: collectively evaluated

   for impairment

 

$

157,659

 

 

$

200,219

 

 

$

110,037

 

 

$

500,791

 

 

$

136,997

 

 

$

49,718

 

 

$

-

 

 

$

-

 

 

$

1,155,421

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

47

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

47

 

 

 

 


 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

343

 

 

$

244

 

 

$

667

 

 

$

3,149

 

 

$

1,546

 

 

$

441

 

 

$

227

 

 

$

478

 

 

$

7,095

 

Charge Offs

 

 

(63

)

 

 

-

 

 

 

-

 

 

 

(15

)

 

 

(100

)

 

 

(272

)

 

 

-

 

 

 

-

 

 

 

(450

)

Recoveries

 

 

18

 

 

 

-

 

 

 

6

 

 

 

7

 

 

 

8

 

 

 

79

 

 

 

-

 

 

 

-

 

 

 

118

 

Provision (Credit)

 

 

(63

)

 

 

8

 

 

 

70

 

 

 

131

 

 

 

(56

)

 

 

223

 

 

 

-

 

 

 

(94

)

 

 

219

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

106

 

 

 

-

 

 

 

106

 

Ending Balance

 

$

235

 

 

$

252

 

 

$

743

 

 

$

3,272

 

 

$

1,398

 

 

$

471

 

 

$

333

 

 

$

384

 

 

$

7,088

 

Ending balance: individually evaluated

   for impairment

 

$

26

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

122

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

148

 

Ending balance: collectively evaluated

   for impairment

 

$

209

 

 

$

252

 

 

$

743

 

 

$

3,272

 

 

$

1,276

 

 

$

471

 

 

$

333

 

 

$

384

 

 

$

6,940

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

82,629

 

 

$

68,524

 

 

$

103,760

 

 

$

416,632

 

 

$

125,612

 

 

$

41,541

 

 

$

-

 

 

$

-

 

 

$

838,698

 

Ending balance: individually evaluated

   for impairment

 

$

763

 

 

$

-

 

 

$

-

 

 

$

196

 

 

$

1,852

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,811

 

Ending balance: collectively evaluated

   for impairment

 

$

81,748

 

 

$

68,524

 

 

$

103,760

 

 

$

416,436

 

 

$

123,760

 

 

$

41,541

 

 

$

-

 

 

$

-

 

 

$

835,769

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

118

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

118