XML 32 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Loans (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Loans

Loan balances as of  June 30, 2020 and December 31, 2019 are summarized below:

 

 

 

(In Thousands)

 

Loans:

 

June 30, 2020

 

 

December 31, 2019

 

Consumer Real Estate

 

$

174,069

 

 

$

165,349

 

Agricultural Real Estate

 

 

194,606

 

 

 

199,105

 

Agricultural

 

 

107,458

 

 

 

111,820

 

Commercial Real Estate

 

 

589,382

 

 

 

551,309

 

Commercial and Industrial

 

 

223,842

 

 

 

135,631

 

Consumer

 

 

50,108

 

 

 

49,237

 

Other

 

 

9,714

 

 

 

8,314

 

 

 

 

1,349,179

 

 

 

1,220,765

 

Less: Net deferred loan fees and costs

 

 

(4,456

)

 

 

(1,766

)

 

 

 

1,344,723

 

 

 

1,218,999

 

Less: Allowance for loan losses

 

 

(9,933

)

 

 

(7,228

)

Loans - Net

 

$

1,334,790

 

 

$

1,211,771

 
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 June 30, 2020:

 

 

 

(In Thousands)

 

 

 

Fixed

 

 

Variable

 

 

 

Rate

 

 

Rate

 

Consumer Real Estate

 

$

116,292

 

 

$

57,777

 

Agricultural Real Estate

 

 

91,091

 

 

 

103,515

 

Agricultural

 

 

102,939

 

 

 

4,519

 

Commercial Real Estate

 

 

440,821

 

 

 

148,561

 

Commercial and Industrial

 

 

207,015

 

 

 

16,827

 

Consumer

 

 

46,141

 

 

 

3,967

 

Other

 

 

9,655

 

 

 

59

 
Contractual Aging of 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 June 30, 2020 and December 31, 2019, net of deferred loan fees and costs:

 

June 30, 2020

 

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

 

$

1,204

 

 

$

975

 

 

$

-

 

 

$

2,179

 

 

$

171,436

 

 

$

173,615

 

 

$

-

 

Agricultural Real Estate

 

 

652

 

 

 

-

 

 

 

-

 

 

 

652

 

 

 

193,658

 

 

 

194,310

 

 

 

-

 

Agricultural

 

 

631

 

 

 

-

 

 

 

-

 

 

 

631

 

 

 

106,984

 

 

 

107,615

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

588,176

 

 

 

588,176

 

 

 

-

 

Commercial and Industrial

 

 

23

 

 

 

-

 

 

 

-

 

 

 

23

 

 

 

230,725

 

 

 

230,748

 

 

 

-

 

Consumer

 

 

77

 

 

 

-

 

 

 

-

 

 

 

77

 

 

 

50,182

 

 

 

50,259

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,587

 

 

$

975

 

 

$

-

 

 

$

3,562

 

 

$

1,341,161

 

 

$

1,344,723

 

 

$

-

 

 

December 31, 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

 

$

355

 

 

$

70

 

 

$

-

 

 

$

425

 

 

$

164,266

 

 

$

164,691

 

 

$

-

 

Agricultural Real Estate

 

 

-

 

 

 

107

 

 

 

-

 

 

 

107

 

 

 

198,752

 

 

 

198,859

 

 

 

-

 

Agricultural

 

 

78

 

 

 

7

 

 

 

-

 

 

 

85

 

 

 

111,864

 

 

 

111,949

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

550,082

 

 

 

550,082

 

 

 

-

 

Commercial and Industrial

 

 

201

 

 

 

267

 

 

 

-

 

 

 

468

 

 

 

143,541

 

 

 

144,009

 

 

 

-

 

Consumer

 

 

54

 

 

 

-

 

 

 

-

 

 

 

54

 

 

 

49,355

 

 

 

49,409

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

688

 

 

$

451

 

 

$

-

 

 

$

1,139

 

 

$

1,217,860

 

 

$

1,218,999

 

 

$

-

 

 
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 June 30, 2020 and December 31, 2019:

 

 

 

(In Thousands)

 

 

 

June 30,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

1,923

 

 

$

1,209

 

Agricultural Real Estate

 

 

4,687

 

 

 

88

 

Agricultural

 

 

308

 

 

 

1,769

 

Commercial Real Estate

 

 

186

 

 

 

37

 

Commercial & Industrial

 

 

1,346

 

 

 

288

 

Consumer

 

 

23

 

 

 

9

 

Total

 

$

8,473

 

 

$

3,400

 
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 June 30, 2020 (Refer to the table in the COVID-19 section for deferrals impacted by the Coronavirus Aid, Relief and Economic Security Act (CARES Act.) and December 31, 2019:

 

 

 

(In Thousands)

 

 

 

Agricultural

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

 

 

 

 

 

Real Estate

 

 

Agricultural

 

 

Real Estate

 

 

and Industrial

 

 

Other

 

June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-2

 

$

13,584

 

 

$

3,660

 

 

$

13,266

 

 

$

90,774

 

 

$

-

 

3

 

 

38,296

 

 

 

39,761

 

 

 

156,849

 

 

 

22,711

 

 

 

4,773

 

4

 

 

111,853

 

 

 

60,339

 

 

 

409,479

 

 

 

98,373

 

 

 

4,941

 

5

 

 

14,699

 

 

 

2,710

 

 

 

2,575

 

 

 

3,489

 

 

 

-

 

6

 

 

15,878

 

 

 

1,145

 

 

 

6,007

 

 

 

4,787

 

 

 

-

 

7

 

 

-

 

 

 

-

 

 

 

-

 

 

 

900

 

 

 

-

 

8

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

194,310

 

 

$

107,615

 

 

$

588,176

 

 

$

221,034

 

 

$

9,714

 

 

 

 

Agricultural

 

 

 

 

 

 

Commercial

 

 

Commercial

 

 

 

 

 

 

 

Real Estate

 

 

Agricultural

 

 

Real Estate

 

 

and Industrial

 

 

Other

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1-2

 

$

14,655

 

 

$

4,093

 

 

$

7,860

 

 

$

3,844

 

 

$

-

 

3

 

 

33,951

 

 

 

36,913

 

 

 

131,780

 

 

 

19,790

 

 

 

3,168

 

4

 

 

116,834

 

 

 

65,414

 

 

 

401,404

 

 

 

103,527

 

 

 

5,146

 

5

 

 

14,836

 

 

 

2,300

 

 

 

3,699

 

 

 

2,465

 

 

 

-

 

6

 

 

18,583

 

 

 

3,229

 

 

 

5,339

 

 

 

4,983

 

 

 

-

 

7

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,086

 

 

 

-

 

8

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

198,859

 

 

$

111,949

 

 

$

550,082

 

 

$

135,695

 

 

$

8,314

 
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 June 30, 2020 and December 31, 2019.

 

 

 

(In Thousands)

 

 

 

Consumer

 

 

Consumer

 

 

 

Real Estate

 

 

Real Estate

 

 

 

June 30,

2020

 

 

December 31,

2019

 

Grade

 

 

 

 

 

 

 

 

Pass

 

$

170,037

 

 

$

160,930

 

Special Mention (5)

 

 

1,188

 

 

 

415

 

Substandard (6)

 

 

2,390

 

 

 

3,346

 

Doubtful (7)

 

 

-

 

 

 

-

 

Total

 

$

173,615

 

 

$

164,691

 

 

 

 

(In Thousands)

 

 

 

Consumer - Credit

 

 

Consumer - Other

 

 

 

June 30,

2020

 

 

December 31,

2019

 

 

June 30,

2020

 

 

December 31,

2019

 

Performing

 

$

3,394

 

 

$

4,076

 

 

$

46,692

 

 

$

44,831

 

Nonperforming

 

 

34

 

 

 

15

 

 

 

139

 

 

 

487

 

Total

 

$

3,428

 

 

$

4,091

 

 

$

46,831

 

 

$

45,318

 
Schedule of Impaired Loans

Information about impaired loans as of June 30, 2020, December 31, 2019 and June 30, 2019 are as follows:

 

 

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

June 30, 2020

 

 

December 31, 2019

 

 

June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without a valuation allowance

 

$

2,695

 

 

$

2,420

 

 

$

1,071

 

Impaired loans with a valuation allowance

 

 

9,872

 

 

 

641

 

 

 

1,105

 

Total impaired loans

 

$

12,567

 

 

$

3,061

 

 

$

2,176

 

Valuation allowance related to impaired loans

 

$

1,170

 

 

$

197

 

 

$

235

 

Total non-accrual loans

 

$

8,473

 

 

$

3,400

 

 

$

1,328

 

Total loans past-due ninety days or more and

   still accruing

 

$

-

 

 

$

-

 

 

$

-

 

Quarter ended average investment in impaired

   loans

 

$

8,352

 

 

$

3,120

 

 

$

2,201

 

Year to date average investment in impaired

   loans

 

$

6,333

 

 

$

2,649

 

 

$

2,168

 
Impaired Loans Classified as Troubled Debt Restructured . The following tables represents three and six months ended June 30, 2020 and 2019:

 

 

 

 

 

 

Pre-

 

 

Post-

 

 

 

 

 

 

 

Pre-

 

 

Post-

 

Three Months

Number of

 

 

Modification

 

 

Modification

 

 

Six Months

Number of

 

 

Modification

 

 

Modification

 

June 30, 2020

Contracts

 

 

Outstanding

 

 

Outstanding

 

 

June 30, 2020

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 Six Months

 

 

Investment

 

 

Investment

 

Commercial Real Estate

 

-

 

 

$

-

 

 

$

-

 

 

Commercial Real Estate

 

2

 

 

$

981

 

 

$

981

 

Ag Real Estate

 

2

 

 

 

5,380

 

 

 

5,380

 

 

Ag Real Estate

 

2

 

 

 

5,380

 

 

 

5,380

 

Commercial and

     Industrial

 

-

 

 

 

-

 

 

 

-

 

 

Commercial and

     Industrial

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

1

 

 

 

164

 

 

 

164

 

 

Agricultural

 

1

 

 

 

164

 

 

 

164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-

 

 

Post-

 

 

 

 

 

 

 

Pre-

 

 

Post-

 

Three Months

Number of

 

 

Modification

 

 

Modification

 

 

Six Months

Number of

 

 

Modification

 

 

Modification

 

June 30, 2019

Contracts

 

 

Outstanding

 

 

Outstanding

 

 

June 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 Six Months

 

 

Investment

 

 

Investment

 

Commercial Real Estate

 

-

 

 

$

-

 

 

$

-

 

 

Commercial Real Estate

 

-

 

 

$

-

 

 

$

-

 

Ag Real Estate

 

-

 

 

 

-

 

 

 

-

 

 

Ag Real Estate

 

-

 

 

 

-

 

 

 

-

 

Commercial and

     Industrial

 

4

 

 

 

812

 

 

 

812

 

 

Commercial and

     Industrial

 

4

 

 

 

812

 

 

 

812

 

Agricultural

 

-

 

 

 

-

 

 

 

-

 

 

Agricultural

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Loans Individually Evaluated for Impairment by Portfolio Class of Loans

The following tables present loans individually evaluated for impairment by class of loans for the three and six months ended June 30, 2020 and June 30, 2019 and for the year ended December 31, 2019.

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

QTD

 

 

Interest

 

Three Months Ended June 30, 2020

 

 

 

 

 

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

 

$

787

 

 

$

787

 

 

$

-

 

 

$

624

 

 

$

4

 

 

$

-

 

Agricultural Real Estate

 

 

521

 

 

 

521

 

 

 

-

 

 

 

187

 

 

 

5

 

 

 

-

 

Agricultural

 

 

383

 

 

 

383

 

 

 

-

 

 

 

340

 

 

 

4

 

 

 

-

 

Commercial Real Estate

 

 

186

 

 

 

186

 

 

 

-

 

 

 

186

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

791

 

 

 

791

 

 

 

-

 

 

 

568

 

 

 

4

 

 

 

-

 

Consumer

 

 

27

 

 

 

27

 

 

 

-

 

 

 

28

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

60

 

 

 

60

 

 

 

16

 

 

 

194

 

 

 

1

 

 

 

1

 

Agricultural Real Estate

 

 

5,469

 

 

 

5,469

 

 

 

438

 

 

 

1,884

 

 

 

1

 

 

 

-

 

Agricultural

 

 

240

 

 

 

240

 

 

 

98

 

 

 

161

 

 

 

9

 

 

 

-

 

Commercial Real Estate

 

 

3,072

 

 

 

3,072

 

 

 

58

 

 

 

3,085

 

 

 

39

 

 

 

-

 

Commercial and Industrial

 

 

1,031

 

 

 

1,031

 

 

 

560

 

 

 

1,095

 

 

 

11

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

847

 

 

$

847

 

 

$

16

 

 

$

818

 

 

$

5

 

 

$

1

 

Agricultural Real Estate

 

$

5,990

 

 

$

5,990

 

 

$

438

 

 

$

2,071

 

 

$

6

 

 

$

-

 

Agricultural

 

$

623

 

 

$

623

 

 

$

98

 

 

$

501

 

 

$

13

 

 

$

-

 

Commercial Real Estate

 

$

3,258

 

 

$

3,258

 

 

$

58

 

 

$

3,271

 

 

$

39

 

 

$

-

 

Commercial and Industrial

 

$

1,822

 

 

$

1,822

 

 

$

560

 

 

$

1,663

 

 

$

15

 

 

$

-

 

Consumer

 

$

27

 

 

$

27

 

 

$

-

 

 

$

28

 

 

$

-

 

 

$

-

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Year Ended December 31, 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

 

$

648

 

 

$

648

 

 

$

-

 

 

$

626

 

 

$

32

 

 

$

9

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

204

 

 

 

-

 

 

 

-

 

Agricultural

 

 

491

 

 

 

491

 

 

 

-

 

 

 

124

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

299

 

 

 

299

 

 

 

-

 

 

 

238

 

 

 

19

 

 

 

-

 

Commercial and Industrial

 

 

982

 

 

 

982

 

 

 

-

 

 

 

637

 

 

 

66

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

181

 

 

 

184

 

 

 

30

 

 

 

211

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

22

 

 

 

1

 

 

 

-

 

Agricultural

 

 

200

 

 

 

200

 

 

 

21

 

 

 

29

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

227

 

 

 

377

 

 

 

142

 

 

 

555

 

 

 

-

 

 

 

-

 

Consumer

 

 

33

 

 

 

33

 

 

 

4

 

 

 

3

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

829

 

 

$

832

 

 

$

30

 

 

$

837

 

 

$

32

 

 

$

9

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

226

 

 

$

1

 

 

$

-

 

Agricultural

 

$

691

 

 

$

691

 

 

$

21

 

 

$

153

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

299

 

 

$

299

 

 

$

-

 

 

$

238

 

 

$

19

 

 

$

-

 

Commercial and Industrial

 

$

1,209

 

 

$

1,359

 

 

$

142

 

 

$

1,192

 

 

$

66

 

 

$

-

 

Consumer

 

$

33

 

 

$

33

 

 

$

4

 

 

$

3

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QTD

 

 

QTD

 

 

Interest

 

Three Months Ended June 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

 

$

643

 

 

$

643

 

 

$

-

 

 

$

644

 

 

$

8

 

 

$

3

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

191

 

 

 

191

 

 

 

-

 

 

 

191

 

 

 

3

 

 

 

-

 

Commercial and Industrial

 

 

237

 

 

 

237

 

 

 

-

 

 

 

787

 

 

 

3

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

219

 

 

 

219

 

 

 

54

 

 

 

235

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

74

 

 

 

74

 

 

 

26

 

 

 

74

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

812

 

 

 

812

 

 

 

155

 

 

 

270

 

 

 

12

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

862

 

 

$

862

 

 

$

54

 

 

$

879

 

 

$

8

 

 

$

3

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Agricultural

 

$

74

 

 

$

74

 

 

$

26

 

 

$

74

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

191

 

 

$

191

 

 

$

-

 

 

$

191

 

 

$

3

 

 

$

-

 

Commercial and Industrial

 

$

1,049

 

 

$

1,049

 

 

$

155

 

 

$

1,057

 

 

$

15

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 


 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

YTD

 

 

Interest

 

Six Months Ended June 30, 2020

 

 

 

 

 

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

 

$

787

 

 

$

787

 

 

$

-

 

 

$

637

 

 

$

8

 

 

$

3

 

Agricultural Real Estate

 

 

521

 

 

 

521

 

 

 

-

 

 

 

239

 

 

 

7

 

 

 

-

 

Agricultural

 

 

383

 

 

 

383

 

 

 

-

 

 

 

363

 

 

 

8

 

 

 

-

 

Commercial Real Estate

 

 

186

 

 

 

186

 

 

 

-

 

 

 

205

 

 

 

4

 

 

 

-

 

Commercial and Industrial

 

 

791

 

 

 

791

 

 

 

-

 

 

 

633

 

 

 

6

 

 

 

-

 

Consumer

 

 

27

 

 

 

27

 

 

 

-

 

 

 

19

 

 

 

1

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

60

 

 

 

60

 

 

 

16

 

 

 

203

 

 

 

3

 

 

 

1

 

Agricultural Real Estate

 

 

5,469

 

 

 

5,469

 

 

 

438

 

 

 

988

 

 

 

3

 

 

 

-

 

Agricultural

 

 

240

 

 

 

240

 

 

 

98

 

 

 

141

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

3,072

 

 

 

3,072

 

 

 

58

 

 

 

2,061

 

 

 

78

 

 

 

-

 

Commercial and Industrial

 

 

1,031

 

 

 

1,031

 

 

 

560

 

 

 

834

 

 

 

27

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

10

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

847

 

 

$

847

 

 

$

16

 

 

$

840

 

 

$

11

 

 

$

4

 

Agricultural Real Estate

 

$

5,990

 

 

$

5,990

 

 

$

438

 

 

$

1,227

 

 

$

10

 

 

$

-

 

Agricultural

 

$

623

 

 

$

623

 

 

$

98

 

 

$

504

 

 

$

8

 

 

$

-

 

Commercial Real Estate

 

$

3,258

 

 

$

3,258

 

 

$

58

 

 

$

2,266

 

 

$

82

 

 

$

-

 

Commercial and Industrial

 

$

1,822

 

 

$

1,822

 

 

$

560

 

 

$

1,467

 

 

$

33

 

 

$

-

 

Consumer

 

$

27

 

 

$

27

 

 

$

-

 

 

$

29

 

 

$

1

 

 

$

-

 

 


 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD

 

 

YTD

 

 

Interest

 

Six Months Ended June 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

 

$

643

 

 

$

643

 

 

$

-

 

 

$

624

 

 

$

15

 

 

$

4

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

191

 

 

 

191

 

 

 

-

 

 

 

192

 

 

 

7

 

 

 

-

 

Commercial and Industrial

 

 

237

 

 

 

237

 

 

 

-

 

 

 

936

 

 

 

6

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

 

219

 

 

 

219

 

 

 

54

 

 

 

244

 

 

 

-

 

 

 

-

 

Agricultural Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Agricultural

 

 

74

 

 

 

74

 

 

 

26

 

 

 

37

 

 

 

-

 

 

 

-

 

Commercial Real Estate

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial and Industrial

 

 

812

 

 

 

812

 

 

 

155

 

 

 

135

 

 

 

23

 

 

 

-

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Real Estate

 

$

862

 

 

$

862

 

 

$

54

 

 

$

868

 

 

$

15

 

 

$

4

 

Agricultural Real Estate

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Agricultural

 

$

74

 

 

$

74

 

 

$

26

 

 

$

37

 

 

$

-

 

 

$

-

 

Commercial Real Estate

 

$

191

 

 

$

191

 

 

$

-

 

 

$

192

 

 

$

7

 

 

$

-

 

Commercial and Industrial

 

$

1,049

 

 

$

1,049

 

 

$

155

 

 

$

1,071

 

 

$

29

 

 

$

-

 

Consumer

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

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

 

 

 

(In Thousands)

 

 

 

Six Months Ended

 

 

Twelve Months Ended

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Allowance for Loan & Lease Losses

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

7,228

 

 

$

6,775

 

Provision for loan loss

 

 

2,999

 

 

 

1,138

 

Loans charged off

 

 

(401

)

 

 

(841

)

Recoveries

 

 

107

 

 

 

156

 

Allowance for Loan & Lease Losses

 

$

9,933

 

 

$

7,228

 

Allowance for Unfunded Loan Commitments &

      Letters of Credit

 

$

605

 

 

$

479

 

Total Allowance for Credit Losses

 

$

10,538

 

 

$

7,707

 

 
Analysis of Allowance for Credit Losses

Additional analysis, presented in thousands, related to the allowance for credit losses for the three and six months ended June 30, 2020 and June 30, 2019 in addition to the ending balances as of December 31, 2019 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 June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

345

 

 

$

327

 

 

$

665

 

 

$

3,873

 

 

$

2,750

 

 

$

533

 

 

$

470

 

 

$

40

 

 

$

9,003

 

Charge Offs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(8

)

 

 

(165

)

 

 

(64

)

 

 

-

 

 

 

-

 

 

 

(237

)

Recoveries

 

 

2

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

6

 

 

 

58

 

 

 

-

 

 

 

-

 

 

 

68

 

Provision (Credit)

 

 

223

 

 

 

486

 

 

 

371

 

 

 

591

 

 

 

(168

)

 

 

34

 

 

 

-

 

 

 

32

 

 

 

1,569

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

135

 

 

 

-

 

 

 

135

 

Ending Balance

 

$

570

 

 

$

813

 

 

$

1,036

 

 

$

4,458

 

 

$

2,423

 

 

$

561

 

 

$

605

 

 

$

72

 

 

$

10,538

 

Ending balance: individually evaluated

   for impairment

 

$

16

 

 

$

438

 

 

$

98

 

 

$

58

 

 

$

560

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,170

 

Ending balance: collectively evaluated

   for impairment

 

$

554

 

 

$

375

 

 

$

938

 

 

$

4,400

 

 

$

1,863

 

 

$

561

 

 

$

605

 

 

$

72

 

 

$

9,368

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

173,615

 

 

$

194,310

 

 

$

107,615

 

 

$

588,176

 

 

$

230,748

 

 

$

50,259

 

 

$

-

 

 

$

-

 

 

$

1,344,723

 

Ending balance: individually evaluated

   for impairment

 

$

847

 

 

$

5,990

 

 

$

623

 

 

$

3,258

 

 

$

1,822

 

 

$

27

 

 

$

-

 

 

$

-

 

 

$

12,567

 

Ending balance: collectively evaluated

   for impairment

 

$

172,724

 

 

$

188,320

 

 

$

106,992

 

 

$

584,918

 

 

$

228,926

 

 

$

50,136

 

 

$

-

 

 

$

-

 

 

$

1,332,016

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

44

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

96

 

 

$

-

 

 

$

-

 

 

$

140

 

 


December 31, 2019

 

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

 

$

311

 

 

$

314

 

 

$

691

 

 

$

3,634

 

 

$

1,727

 

 

$

551

 

 

$

479

 

 

$

-

 

 

$

7,707

 

Ending balance: individually evaluated for

   impairment

 

$

30

 

 

$

-

 

 

$

21

 

 

$

-

 

 

$

142

 

 

$

4

 

 

$

-

 

 

$

-

 

 

$

197

 

Ending balance: collectively evaluated for

   impairment

 

$

281

 

 

$

314

 

 

$

670

 

 

$

3,634

 

 

$

1,585

 

 

$

547

 

 

$

479

 

 

$

-

 

 

$

7,510

 

Ending balance: loans acquired with deteriorated

   credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

164,691

 

 

$

198,859

 

 

$

111,949

 

 

$

550,082

 

 

$

144,009

 

 

$

49,409

 

 

$

-

 

 

$

-

 

 

$

1,218,999

 

Ending balance: individually evaluated for

   impairment

 

$

829

 

 

$

-

 

 

$

691

 

 

$

299

 

 

$

1,209

 

 

$

33

 

 

$

-

 

 

$

-

 

 

$

3,061

 

Ending balance: collectively evaluated for

   impairment

 

$

163,816

 

 

$

198,859

 

 

$

111,258

 

 

$

549,783

 

 

$

142,694

 

 

$

49,376

 

 

$

-

 

 

$

-

 

 

$

1,215,786

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

46

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

106

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

152

 

 


 

 

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 June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

268

 

 

$

270

 

 

$

706

 

 

$

3,203

 

 

$

1,490

 

 

$

496

 

 

$

346

 

 

$

203

 

 

$

6,982

 

Charge Offs

 

 

(14

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(114

)

 

 

-

 

 

 

-

 

 

 

(128

)

Recoveries

 

 

-

 

 

 

-

 

 

 

1

 

 

 

3

 

 

 

5

 

 

 

33

 

 

 

-

 

 

 

-

 

 

 

42

 

Provision (Credit)

 

 

21

 

 

 

70

 

 

 

49

 

 

 

114

 

 

 

(34

)

 

 

111

 

 

 

-

 

 

 

(198

)

 

 

133

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

24

 

 

 

-

 

 

 

24

 

Ending Balance

 

$

275

 

 

$

340

 

 

$

756

 

 

$

3,320

 

 

$

1,461

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

7,053

 

Ending balance: individually evaluated

   for impairment

 

$

54

 

 

$

-

 

 

$

26

 

 

$

-

 

 

$

155

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

235

 

Ending balance: collectively evaluated

   for impairment

 

$

221

 

 

$

340

 

 

$

730

 

 

$

3,320

 

 

$

1,306

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

6,818

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

158,957

 

 

$

193,616

 

 

$

113,906

 

 

$

442,538

 

 

$

133,014

 

 

$

49,100

 

 

$

-

 

 

$

-

 

 

$

1,091,131

 

Ending balance: individually evaluated

   for impairment

 

$

862

 

 

$

-

 

 

$

74

 

 

$

191

 

 

$

1,049

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,176

 

Ending balance: collectively evaluated

   for impairment

 

$

157,909

 

 

$

193,616

 

 

$

113,832

 

 

$

442,347

 

 

$

131,848

 

 

$

49,068

 

 

$

-

 

 

$

-

 

 

$

1,088,620

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

186

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

117

 

 

$

32

 

 

$

-

 

 

$

-

 

 

$

335

 

 


 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

311

 

 

$

314

 

 

$

691

 

 

$

3,634

 

 

$

1,727

 

 

$

551

 

 

$

479

 

 

$

-

 

 

$

7,707

 

Charge Offs

 

 

(35

)

 

 

-

 

 

 

-

 

 

 

(8

)

 

 

(165

)

 

 

(193

)

 

 

-

 

 

 

-

 

 

 

(401

)

Recoveries

 

 

5

 

 

 

-

 

 

 

-

 

 

 

5

 

 

 

9

 

 

 

88

 

 

 

-

 

 

 

-

 

 

 

107

 

Provision (Credit)

 

 

289

 

 

 

499

 

 

 

345

 

 

 

827

 

 

 

852

 

 

 

115

 

 

 

-

 

 

 

72

 

 

 

2,999

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

126

 

 

 

-

 

 

 

126

 

Ending Balance

 

$

570

 

 

$

813

 

 

$

1,036

 

 

$

4,458

 

 

$

2,423

 

 

$

561

 

 

$

605

 

 

$

72

 

 

$

10,538

 

Ending balance: individually evaluated

   for impairment

 

$

16

 

 

$

438

 

 

$

98

 

 

$

58

 

 

$

560

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

1,170

 

Ending balance: collectively evaluated

   for impairment

 

$

554

 

 

$

375

 

 

$

938

 

 

$

4,400

 

 

$

1,863

 

 

$

561

 

 

$

605

 

 

$

72

 

 

$

9,368

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

173,615

 

 

$

194,310

 

 

$

107,615

 

 

$

588,176

 

 

$

230,748

 

 

$

50,259

 

 

$

-

 

 

$

-

 

 

$

1,344,723

 

Ending balance: individually evaluated

   for impairment

 

$

847

 

 

$

5,990

 

 

$

623

 

 

$

3,258

 

 

$

1,822

 

 

$

27

 

 

$

-

 

 

$

-

 

 

$

12,567

 

Ending balance: collectively evaluated

   for impairment

 

$

172,724

 

 

$

188,320

 

 

$

106,992

 

 

$

584,918

 

 

$

228,926

 

 

$

50,136

 

 

$

-

 

 

$

-

 

 

$

1,332,016

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

44

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

96

 

 

$

-

 

 

$

-

 

 

$

140

 

 


 

 

Consumer

Real Estate

 

 

Agricultural

Real Estate

 

 

Agricultural

 

 

Commercial

Real Estate

 

 

Commercial

and Industrial

 

 

Consumer

 

 

Unfunded

Loan

Commitment

& Letters of

Credit

 

 

Unallocated

 

 

Total

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

247

 

 

$

250

 

 

$

768

 

 

$

3,217

 

 

$

1,305

 

 

$

484

 

 

$

274

 

 

$

504

 

 

$

7,049

 

Charge Offs

 

 

(56

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(279

)

 

 

-

 

 

 

-

 

 

 

(335

)

Recoveries

 

 

-

 

 

 

-

 

 

 

2

 

 

 

5

 

 

 

8

 

 

 

65

 

 

 

-

 

 

 

-

 

 

 

80

 

Provision (Credit)

 

 

84

 

 

 

90

 

 

 

(14

)

 

 

98

 

 

 

148

 

 

 

256

 

 

 

-

 

 

 

(499

)

 

 

163

 

Other Non-interest expense related to

   unfunded

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

96

 

 

 

-

 

 

 

96

 

Ending Balance

 

$

275

 

 

$

340

 

 

$

756

 

 

$

3,320

 

 

$

1,461

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

7,053

 

Ending balance: individually evaluated

   for impairment

 

$

54

 

 

$

-

 

 

$

26

 

 

$

-

 

 

$

155

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

235

 

Ending balance: collectively evaluated

   for impairment

 

$

221

 

 

$

340

 

 

$

730

 

 

$

3,320

 

 

$

1,306

 

 

$

526

 

 

$

370

 

 

$

5

 

 

$

6,818

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

FINANCING RECEIVABLES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$

158,957

 

 

$

193,616

 

 

$

113,906

 

 

$

442,538

 

 

$

133,014

 

 

$

49,100

 

 

$

-

 

 

$

-

 

 

$

1,091,131

 

Ending balance: individually evaluated

   for impairment

 

$

862

 

 

$

-

 

 

$

74

 

 

$

191

 

 

$

1,049

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

2,176

 

Ending balance: collectively evaluated

   for impairment

 

$

157,909

 

 

$

193,616

 

 

$

113,832

 

 

$

442,347

 

 

$

131,848

 

 

$

49,068

 

 

$

-

 

 

$

-

 

 

$

1,088,620

 

Ending balance: loans acquired with

   deteriorated credit quality

 

$

186

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

117

 

 

$

32

 

 

$

-

 

 

$

-

 

 

$

335