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Loans (Tables) | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Loans | Loan balances as of September 30, 2023 and December 31, 2022 are summarized below:
|  | (In Thousands) |
Loans: |  | September 30, 2023 |  |  | December 31, 2022 |
Consumer Real Estate |  | $ | 512,973 |  |  | $ | 494,423 |
Agricultural Real Estate |  |  | 225,672 |  |  |  | 220,819 |
Agricultural |  |  | 123,735 |  |  |  | 128,733 |
Commercial Real Estate |  |  | 1,304,118 |  |  |  | 1,152,603 |
Commercial and Industrial |  |  | 250,891 |  |  |  | 242,360 |
Consumer |  |  | 83,024 |  |  |  | 89,147 |
Other |  |  | 31,083 |  |  |  | 29,818 |
|  |  | 2,531,496 |  |  |  | 2,357,903 |
Less: Net deferred loan fees and costs |  |  | (1,890 | ) |  |  | (1,516 | )
|  |  | 2,529,606 |  |  |  | 2,356,387 |
Less: Allowance for credit losses |  |  | (25,277 | ) |  |  | (20,313 | )
Loans - Net |  | $ | 2,504,329 |  |  | $ | 2,336,074 |
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, 2023 and December 31, 2022:
|  | (In Thousands) |
|  | September 30, 2023 |  |  | December 31, 2022 |
|  | Fixed |  |  | Variable |  |  | Fixed |  |  | Variable |
Consumer Real Estate |  | $ | 330,689 |  |  | $ | 182,284 |  |  | $ | 354,420 |  |  | $ | 140,003 |
Agricultural Real Estate |  |  | 128,681 |  |  |  | 96,991 |  |  |  | 144,702 |  |  |  | 76,117 |
Agricultural |  |  | 57,301 |  |  |  | 66,434 |  |  |  | 52,867 |  |  |  | 75,866 |
Commercial Real Estate |  |  | 1,013,000 |  |  |  | 291,118 |  |  |  | 941,927 |  |  |  | 210,676 |
Commercial and Industrial |  |  | 141,010 |  |  |  | 109,881 |  |  |  | 130,513 |  |  |  | 111,847 |
Consumer |  |  | 82,956 |  |  |  | 68 |  |  |  | 88,972 |  |  |  | 175 |
Other |  |  | 21,499 |  |  |  | 9,584 |  |  |  | 20,029 |  |  |  | 9,789 |
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 September 30, 2023 and December 31, 2022, net of deferred loan fees and costs:
September 30, 2023 |  | 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 |  | $ | 2,116 |  |  | $ | 559 |  |  | $ | 346 |  |  | $ | 3,021 |  |  | $ | 509,969 |  |  | $ | 512,990 |  |  | $ | - |
Agricultural Real Estate |  |  | 1,227 |  |  |  | - |  |  |  | 60 |  |  |  | 1,287 |  |  |  | 224,083 |  |  |  | 225,370 |  |  |  | - |
Agricultural |  |  | 60 |  |  |  | 1,498 |  |  |  | 1,524 |  |  |  | 3,082 |  |  |  | 120,889 |  |  |  | 123,971 |  |  |  | - |
Commercial Real Estate |  |  | 503 |  |  |  | 5 |  |  |  | 255 |  |  |  | 763 |  |  |  | 1,300,851 |  |  |  | 1,301,614 |  |  |  | - |
Commercial and Industrial |  |  | 16 |  |  |  | - |  |  |  | 855 |  |  |  | 871 |  |  |  | 280,968 |  |  |  | 281,839 |  |  |  | - |
Consumer |  |  | 104 |  |  |  | 67 |  |  |  | 7 |  |  |  | 178 |  |  |  | 83,644 |  |  |  | 83,822 |  |  |  | - |
Total |  | $ | 4,026 |  |  | $ | 2,129 |  |  | $ | 3,047 |  |  | $ | 9,202 |  |  | $ | 2,520,404 |  |  | $ | 2,529,606 |  |  | $ | - |
December 31, 2022 |  | 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 |  | $ | 1,536 |  |  | $ | 635 |  |  | $ | 90 |  |  | $ | 2,261 |  |  | $ | 492,162 |  |  | $ | 494,423 |  |  | $ | - |
Agricultural Real Estate |  |  | 118 |  |  |  | 2 |  |  |  | 1,550 |  |  |  | 1,670 |  |  |  | 218,844 |  |  |  | 220,514 |  |  |  | - |
Agricultural |  |  | 433 |  |  |  | - |  |  |  | 152 |  |  |  | 585 |  |  |  | 128,341 |  |  |  | 128,926 |  |  |  | - |
Commercial Real Estate |  |  | 74 |  |  |  | - |  |  |  | 180 |  |  |  | 254 |  |  |  | 1,150,257 |  |  |  | 1,150,511 |  |  |  | - |
Commercial and Industrial |  |  | 953 |  |  |  | - |  |  |  | 182 |  |  |  | 1,135 |  |  |  | 270,984 |  |  |  | 272,119 |  |  |  | - |
Consumer |  |  | 83 |  |  |  | 37 |  |  |  | - |  |  |  | 120 |  |  |  | 89,774 |  |  |  | 89,894 |  |  |  | - |
Total |  | $ | 3,197 |  |  | $ | 674 |  |  | $ | 2,154 |  |  | $ | 6,025 |  |  | $ | 2,350,362 |  |  | $ | 2,356,387 |  |  | $ | - |
Amortized Cost of Nonaccrual Loans by Portfolio Class of Loans | The following tables present the amortized cost of nonaccrual loans by class of loans as of September 30, 2023 and the recorded investment of nonaccrual loans by class of loans as of December 31, 2022:
|  | (In Thousands) |
|  | September 30, 2023 |
|  | Nonaccrual |  |  |  |  |  | Loans Past |
|  | With No |  |  |  |  |  | Due Over |
|  | Allowance |  |  |  |  |  | 89 Days |
|  | for Credit Loss |  |  | Nonaccrual |  |  | Still Accruing |
Consumer Real Estate |  | $ | 689 |  |  | $ | 689 |  |  | $ | - |
Agricultural Real Estate |  |  | 15,948 |  |  |  | 15,948 |  |  |  | - |
Agricultural |  |  | 4,695 |  |  |  | 4,695 |  |  |  | - |
Commercial Real Estate |  |  | 254 |  |  |  | 254 |  |  |  | - |
Commercial & Industrial |  |  | 854 |  |  |  | 854 |  |  |  | - |
Consumer |  |  | 7 |  |  |  | 7 |  |  |  | - |
Total |  | $ | 22,447 |  |  | $ | 22,447 |  |  | $ | - |
|  | (In Thousands) |
|  | December 31, 2022 |
Consumer Real Estate |  | $ | 612 |
Agricultural Real Estate |  |  | 1,921 |
Agricultural |  |  | 152 |
Commercial Real Estate |  |  | 903 |
Commercial & Industrial |  |  | 1,096 |
Consumer |  |  | 5 |
Total |  | $ | 4,689 |
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 December 31, 2022:
|  | (In Thousands) |
|  | Agricultural |  |  |  |  |  | Commercial |  |  | Commercial |  |  |  |
|  | Real Estate |  |  | Agricultural |  |  | Real Estate |  |  | and Industrial |  |  | Other |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-2 |  | $ | 9,912 |  |  | $ | 5,857 |  |  | $ | 8,718 |  |  | $ | 780 |  |  | $ | - |
3 |  |  | 47,405 |  |  |  | 33,671 |  |  |  | 370,035 |  |  |  | 67,506 |  |  |  | 10,921 |
4 |  |  | 146,143 |  |  |  | 88,992 |  |  |  | 737,745 |  |  |  | 167,291 |  |  |  | 18,897 |
5 |  |  | 10,389 |  |  |  | 228 |  |  |  | 9,751 |  |  |  | 3,592 |  |  |  | - |
6 |  |  | 6,665 |  |  |  | 178 |  |  |  | 24,262 |  |  |  | 3,132 |  |  |  | - |
7 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
8 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 220,514 |  |  | $ | 128,926 |  |  | $ | 1,150,511 |  |  | $ | 242,301 |  |  | $ | 29,818 |
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 December 31, 2022.
|  | (In Thousands) |
|  | Consumer |
|  | Real Estate |
|  | December 31, 2022 |
Grade |  |  |
Pass (1-4) |  | $ | 492,575 |
Special Mention (5) |  |  | 676 |
Substandard (6) |  |  | 1,172 |
Doubtful (7) |  |  | - |
Total |  | $ | 494,423 |
|  |  | (In Thousands) |
|  |  | Consumer |
|  |  | December 31, 2022 |
Performing |  |  | $ | 89,853 |
Nonperforming |  |  |  | 41 |
Total |  |  | $ | 89,894 |
Loan Balances Based on Year of Origination | The following table reflects loan balances as of September 30, 2023 based on year of origination:
| (In Thousands) |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Term |  |  | Amortized |  |  | Grand |
| 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total |  |  | Cost Basis |  |  | Total |
Consumer Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-4) | $ | 60,417 |  |  | $ | 92,081 |  |  | $ | 92,221 |  |  | $ | 84,478 |  |  | $ | 131,759 |  |  | $ | 460,956 |  |  | $ | 49,921 |  |  | $ | 510,877 |
Special Mention (5) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 68 |  |  |  | 68 |  |  |  | - |  |  |  | 68 |
Substandard (6) |  | - |  |  |  | 40 |  |  |  | 640 |  |  |  | - |  |  |  | 1,337 |  |  |  | 2,017 |  |  |  | 28 |  |  |  | 2,045 |
Doubtful (7) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Consumer Real Estate | $ | 60,417 |  |  | $ | 92,121 |  |  | $ | 92,861 |  |  | $ | 84,478 |  |  | $ | 133,164 |  |  | $ | 463,041 |  |  | $ | 49,949 |  |  | $ | 512,990 |
Gross charge-offs YTD | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Agricultural Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-4) | $ | 24,866 |  |  | $ | 39,508 |  |  | $ | 25,649 |  |  | $ | 26,348 |  |  | $ | 87,181 |  |  | $ | 203,552 |  |  | $ | 97 |  |  | $ | 203,649 |
Special Mention (5) |  | - |  |  |  | 249 |  |  |  | 16 |  |  |  | - |  |  |  | 5,307 |  |  |  | 5,572 |  |  |  | - |  |  |  | 5,572 |
Substandard (6) |  | - |  |  |  | - |  |  |  | 12,196 |  |  |  | 187 |  |  |  | 3,766 |  |  |  | 16,149 |  |  |  | - |  |  |  | 16,149 |
Doubtful (7) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Agricultural Real Estate | $ | 24,866 |  |  | $ | 39,757 |  |  | $ | 37,861 |  |  | $ | 26,535 |  |  | $ | 96,254 |  |  | $ | 225,273 |  |  | $ | 97 |  |  | $ | 225,370 |
Gross charge-offs YTD | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-4) | $ | 15,439 |  |  | $ | 22,361 |  |  | $ | 9,654 |  |  | $ | 4,977 |  |  | $ | 6,281 |  |  | $ | 58,712 |  |  | $ | 59,510 |  |  | $ | 118,222 |
Special Mention (5) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Substandard (6) |  | 516 |  |  |  | 634 |  |  |  | 2,011 |  |  |  | 1,090 |  |  |  | - |  |  |  | 4,251 |  |  |  | 1,498 |  |  |  | 5,749 |
Doubtful (7) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Agricultural | $ | 15,955 |  |  | $ | 22,995 |  |  | $ | 11,665 |  |  | $ | 6,067 |  |  | $ | 6,281 |  |  | $ | 62,963 |  |  | $ | 61,008 |  |  | $ | 123,971 |
Gross charge-offs YTD | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
| (In Thousands) |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Term |  |  | Amortized |  |  | Grand |
| 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total |  |  | Cost Basis |  |  | Total |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-4) | $ | 159,888 |  |  | $ | 448,961 |  |  | $ | 252,124 |  |  | $ | 127,752 |  |  | $ | 254,825 |  |  | $ | 1,243,550 |  |  | $ | - |  |  | $ | 1,243,550 |
Special Mention (5) |  | 33,926 |  |  |  | - |  |  |  | - |  |  |  | 10,944 |  |  |  | 11,392 |  |  |  | 56,262 |  |  |  | - |  |  |  | 56,262 |
Substandard (6) |  | 92 |  |  |  | - |  |  |  | - |  |  |  | 75 |  |  |  | 1,635 |  |  |  | 1,802 |  |  |  | - |  |  |  | 1,802 |
Doubtful (7) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Commercial Real Estate | $ | 193,906 |  |  | $ | 448,961 |  |  | $ | 252,124 |  |  | $ | 138,771 |  |  | $ | 267,852 |  |  | $ | 1,301,614 |  |  | $ | - |  |  | $ | 1,301,614 |
Gross charge-offs YTD | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial & Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-4) | $ | 45,543 |  |  | $ | 54,615 |  |  | $ | 26,541 |  |  | $ | 21,958 |  |  | $ | 3,952 |  |  | $ | 152,609 |  |  | $ | 93,655 |  |  | $ | 246,264 |
Special Mention (5) |  | 189 |  |  |  | - |  |  |  | 216 |  |  |  | 184 |  |  |  | 451 |  |  |  | 1,040 |  |  |  | 356 |  |  |  | 1,396 |
Substandard (6) |  | - |  |  |  | 469 |  |  |  | - |  |  |  | 906 |  |  |  | 257 |  |  |  | 1,632 |  |  |  | 1,458 |  |  |  | 3,090 |
Doubtful (7) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Commercial & Industrial | $ | 45,732 |  |  | $ | 55,084 |  |  | $ | 26,757 |  |  | $ | 23,048 |  |  | $ | 4,660 |  |  | $ | 155,281 |  |  | $ | 95,469 |  |  | $ | 250,750 |
Gross charge-offs YTD | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass (1-4) | $ | 2,810 |  |  | $ | - |  |  | $ | 17,360 |  |  | $ | 6,017 |  |  | $ | 4,902 |  |  | $ | 31,089 |  |  | $ | - |  |  | $ | 31,089 |
Special Mention (5) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Substandard (6) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Doubtful (7) |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Other | $ | 2,810 |  |  | $ | - |  |  | $ | 17,360 |  |  | $ | 6,017 |  |  | $ | 4,902 |  |  | $ | 31,089 |  |  | $ | - |  |  | $ | 31,089 |
Gross charge-offs YTD | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
The following table presents payment performance as of September 30, 2023 by year of origination:
| (In Thousands) |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Term |  |  | Amortized |  |  | Grand |
| 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total |  |  | Cost Basis |  |  | Total |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment Performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 18,585 |  |  | $ | 44,435 |  |  | $ | 11,939 |  |  | $ | 5,811 |  |  | $ | 2,999 |  |  | $ | 83,769 |  |  | $ | 46 |  |  | $ | 83,815 |
Nonperforming |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | - |  |  |  | 7 |  |  |  | - |  |  |  | 7 |
Total Consumer | $ | 18,585 |  |  | $ | 44,435 |  |  | $ | 11,939 |  |  | $ | 5,818 |  |  | $ | 2,999 |  |  | $ | 83,776 |  |  | $ | 46 |  |  | $ | 83,822 |
Gross charge-offs YTD | $ | 163 |  |  | $ | 41 |  |  | $ | 88 |  |  | $ | 38 |  |  | $ | - |  |  | $ | 330 |  |  | $ | - |  |  | $ | 330 |
Collateral-dependent Loans | The following table presents collateral-dependent loans grouped by collateral as of September 30, 2023:
|  | (In Thousands) |
|  | Real |
|  | Estate |
Consumer Real Estate |  | $ | - |
Agricultural Real Estate |  |  | - |
Agricultural |  |  | 311 |
Commercial Real Estate |  |  | - |
Commercial & Industrial |  |  | 1 |
Consumer |  |  | - |
Total |  | $ | 312 |
Schedule of Impaired Loans | Information about impaired loans as of December 31, 2022 and September 30, 2022 are presented for comparison purposes and are as follows:
|  | (In Thousands) |
|  | December 31, 2022 |  |  | September 30, 2022 |
Impaired loans without a valuation allowance |  | $ | 4,194 |  |  | $ | 5,835 |
Impaired loans with a valuation allowance |  |  | 4,663 |  |  |  | 4,918 |
Total impaired loans |  | $ | 8,857 |  |  | $ | 10,753 |
Valuation allowance related to impaired loans |  | $ | 1,996 |  |  | $ | 2,436 |
Total non-accrual loans |  | $ | 4,689 |  |  | $ | 5,470 |
Total loans past-due ninety days or more and still accruing |  | $ | - |  |  | $ | - |
Quarter ended average investment in impaired loans |  | $ | 9,660 |  |  | $ | 10,662 |
Year to date average investment in impaired loans |  | $ | 10,710 |  |  | $ | 11,059 |
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 nine months ended September 30, 2022 and for the year ended December 31, 2022.
|  | (In Thousands) |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | QTD |
|  |  |  |  |  |  |  |  |  |  | QTD |  |  | QTD |  |  | Interest |
Three Months Ended September 30, 2022 |  |  |  |  | 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 |  | $ | 624 |  |  | $ | 624 |  |  | $ | - |  |  | $ | 352 |  |  | $ | 1 |  |  | $ | 5 |
Agricultural Real Estate |  |  | 2,588 |  |  |  | 2,693 |  |  |  | - |  |  |  | 2,467 |  |  |  | 6 |  |  |  | 1 |
Agricultural |  |  | 1,334 |  |  |  | 1,334 |  |  |  | - |  |  |  | 1,309 |  |  |  | - |  |  |  | - |
Commercial Real Estate |  |  | 1,251 |  |  |  | 1,251 |  |  |  | - |  |  |  | 1,505 |  |  |  | 9 |  |  |  | 14 |
Commercial and Industrial |  |  | 21 |  |  |  | 21 |  |  |  | - |  |  |  | 63 |  |  |  | - |  |  |  | - |
Consumer |  |  | 17 |  |  |  | 17 |  |  |  | - |  |  |  | 17 |  |  |  | - |  |  |  | - |
With a specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer Real Estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Agricultural Real Estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial Real Estate |  |  | 2,936 |  |  |  | 2,936 |  |  |  | 500 |  |  |  | 2,960 |  |  |  | 39 |  |  |  | - |
Commercial and Industrial |  |  | 1,982 |  |  |  | 1,982 |  |  |  | 1,936 |  |  |  | 1,989 |  |  |  | 72 |  |  |  | - |
Consumer |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Totals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer Real Estate |  | $ | 624 |  |  | $ | 624 |  |  | $ | - |  |  | $ | 352 |  |  | $ | 1 |  |  | $ | 5 |
Agricultural Real Estate |  | $ | 2,588 |  |  | $ | 2,693 |  |  | $ | - |  |  | $ | 2,467 |  |  | $ | 6 |  |  | $ | 1 |
Agricultural |  | $ | 1,334 |  |  | $ | 1,334 |  |  | $ | - |  |  | $ | 1,309 |  |  | $ | - |  |  | $ | - |
Commercial Real Estate |  | $ | 4,187 |  |  | $ | 4,187 |  |  | $ | 500 |  |  | $ | 4,465 |  |  | $ | 48 |  |  | $ | 14 |
Commercial and Industrial |  | $ | 2,003 |  |  | $ | 2,003 |  |  | $ | 1,936 |  |  | $ | 2,052 |  |  | $ | 72 |  |  | $ | - |
Consumer |  | $ | 17 |  |  | $ | 17 |  |  | $ | - |  |  | $ | 17 |  |  | $ | - |  |  | $ | - |
|  | (In Thousands) |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | YTD |
|  |  |  |  |  |  |  |  |  |  | YTD |  |  | YTD |  |  | Interest |
Nine Months Ended September 30, 2022 |  |  |  |  | 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 |  | $ | 624 |  |  | $ | 624 |  |  | $ | - |  |  | $ | 372 |  |  | $ | 3 |  |  | $ | 10 |
Agricultural Real Estate |  |  | 2,588 |  |  |  | 2,693 |  |  |  | - |  |  |  | 1,953 |  |  |  | 19 |  |  |  | 6 |
Agricultural |  |  | 1,334 |  |  |  | 1,334 |  |  |  | - |  |  |  | 591 |  |  |  | - |  |  |  | 2 |
Commercial Real Estate |  |  | 1,251 |  |  |  | 1,251 |  |  |  | - |  |  |  | 1,162 |  |  |  | 20 |  |  |  | 33 |
Commercial and Industrial |  |  | 21 |  |  |  | 21 |  |  |  | - |  |  |  | 175 |  |  |  | 2 |  |  |  | 10 |
Consumer |  |  | 17 |  |  |  | 17 |  |  |  | - |  |  |  | 18 |  |  |  | 1 |  |  |  | - |
With a specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer Real Estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Agricultural Real Estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,850 |  |  |  | - |  |  |  | - |
Agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial Real Estate |  |  | 2,936 |  |  |  | 2,936 |  |  |  | 500 |  |  |  | 3,270 |  |  |  | 113 |  |  |  | - |
Commercial and Industrial |  |  | 1,982 |  |  |  | 1,982 |  |  |  | 1,936 |  |  |  | 1,665 |  |  |  | 138 |  |  |  | - |
Consumer |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | - |
Totals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer Real Estate |  | $ | 624 |  |  | $ | 624 |  |  | $ | - |  |  | $ | 372 |  |  | $ | 3 |  |  | $ | 10 |
Agricultural Real Estate |  | $ | 2,588 |  |  | $ | 2,693 |  |  | $ | - |  |  | $ | 3,803 |  |  | $ | 19 |  |  | $ | 6 |
Agricultural |  | $ | 1,334 |  |  | $ | 1,334 |  |  | $ | - |  |  | $ | 591 |  |  | $ | - |  |  | $ | 2 |
Commercial Real Estate |  | $ | 4,187 |  |  | $ | 4,187 |  |  | $ | 500 |  |  | $ | 4,432 |  |  | $ | 133 |  |  | $ | 33 |
Commercial and Industrial |  | $ | 2,003 |  |  | $ | 2,003 |  |  | $ | 1,936 |  |  | $ | 1,840 |  |  | $ | 140 |  |  | $ | 10 |
Consumer |  | $ | 17 |  |  | $ | 17 |  |  | $ | - |  |  | $ | 21 |  |  | $ | 1 |  |  | $ | - |
|  | (In Thousands) |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Interest |
Year Ended December 31, 2022 |  |  |  |  | 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 |  | $ | 509 |  |  | $ | 509 |  |  | $ | - |  |  | $ | 355 |  |  | $ | 5 |  |  | $ | 12 |
Agricultural Real Estate |  |  | 2,280 |  |  |  | 2,385 |  |  |  | - |  |  |  | 2,048 |  |  |  | 25 |  |  |  | 6 |
Agricultural |  |  | 152 |  |  |  | 152 |  |  |  | - |  |  |  | 588 |  |  |  | - |  |  |  | 2 |
Commercial Real Estate |  |  | 1,234 |  |  |  | 1,272 |  |  |  | - |  |  |  | 1,252 |  |  |  | 29 |  |  |  | 43 |
Commercial and Industrial |  |  | 17 |  |  |  | 417 |  |  |  | - |  |  |  | 135 |  |  |  | 2 |  |  |  | 10 |
Consumer |  |  | 2 |  |  |  | 2 |  |  |  | - |  |  |  | 15 |  |  |  | 1 |  |  |  | - |
With a specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer Real Estate |  |  | 60 |  |  |  | 60 |  |  |  | 6 |  |  |  | 15 |  |  |  | - |  |  |  | 1 |
Agricultural Real Estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,388 |  |  |  | - |  |  |  | - |
Agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial Real Estate |  |  | 2,874 |  |  |  | 2,874 |  |  |  | 438 |  |  |  | 3,176 |  |  |  | 150 |  |  |  | - |
Commercial and Industrial |  |  | 1,564 |  |  |  | 1,564 |  |  |  | 1,551 |  |  |  | 1,736 |  |  |  | 149 |  |  |  | 23 |
Consumer |  |  | 165 |  |  |  | 165 |  |  |  | 1 |  |  |  | 2 |  |  |  | - |  |  |  | - |
Totals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer Real Estate |  | $ | 569 |  |  | $ | 569 |  |  | $ | 6 |  |  | $ | 370 |  |  | $ | 5 |  |  | $ | 13 |
Agricultural Real Estate |  | $ | 2,280 |  |  | $ | 2,385 |  |  | $ | - |  |  | $ | 3,436 |  |  | $ | 25 |  |  | $ | 6 |
Agricultural |  | $ | 152 |  |  | $ | 152 |  |  | $ | - |  |  | $ | 588 |  |  | $ | - |  |  | $ | 2 |
Commercial Real Estate |  | $ | 4,108 |  |  | $ | 4,146 |  |  | $ | 438 |  |  | $ | 4,428 |  |  | $ | 179 |  |  | $ | 43 |
Commercial and Industrial |  | $ | 1,581 |  |  | $ | 1,981 |  |  | $ | 1,551 |  |  | $ | 1,871 |  |  | $ | 151 |  |  | $ | 33 |
Consumer |  | $ | 167 |  |  | $ | 167 |  |  | $ | 1 |  |  | $ | 17 |  |  | $ | 1 |  |  | $ | - |
Analysis of Allowance for Credit Losses |
|  | (In Thousands) |
|  | Consumer Real Estate |  |  | Agricultural Real Estate |  |  | Agricultural |  |  | Commercial Real Estate |  |  | Commercial and Industrial |  |  | Consumer |  |  | Total |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLOWANCE FOR CREDIT LOSSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 3,998 |  |  | $ | 237 |  |  | $ | 107 |  |  | $ | 16,681 |  |  | $ | 2,767 |  |  | $ | 1,120 |  |  | $ | 24,910 |
Provision for credit losses - loans |  |  | (170 | ) |  |  | 77 |  |  |  | 78 |  |  |  | 123 |  |  |  | (65 | ) |  |  | 417 |  |  |  | 460 |
Charge-offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (148 | ) |  |  | (148 | )
Recoveries |  |  | 14 |  |  |  | 1 |  |  |  | - |  |  |  | 1 |  |  |  | 6 |  |  |  | 33 |  |  |  | 55 |
Ending Balance |  | $ | 3,842 |  |  | $ | 315 |  |  | $ | 185 |  |  | $ | 16,805 |  |  | $ | 2,708 |  |  | $ | 1,422 |  |  | $ | 25,277 |
|  | (In Thousands) |
|  | Consumer Real Estate |  |  |  | Agricultural Real Estate |  |  | Agricultural |  |  | Commercial Real Estate |  |  | Commercial and Industrial |  |  | Consumer |  |  | Total |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLOWANCE FOR CREDIT LOSSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 998 |  |  |  | $ | 349 |  |  | $ | 751 |  |  | $ | 11,924 |  |  | $ | 5,382 |  |  | $ | 909 |  |  | $ | 20,313 |
Adoption of ASU 2016-13 |  |  | 2,874 |  |  | - |  |  | (166 | ) |  |  | (650 | ) |  |  | 3,501 |  |  |  | (2,165 | ) |  |  | 170 |  |  |  | 3,564 |
Provision for credit losses-loans |  |  | (57 | ) |  |  |  | 27 |  |  |  | 84 |  |  |  | 1,374 |  |  |  | (527 | ) |  |  | 519 |  |  |  | 1,420 |
Charge-offs |  |  | - |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (330 | ) |  |  | (330 | )
Recoveries |  |  | 27 |  |  |  |  | 105 |  |  |  | - |  |  |  | 6 |  |  |  | 18 |  |  |  | 154 |  |  |  | 310 |
Ending Balance |  | $ | 3,842 |  |  |  | $ | 315 |  |  | $ | 185 |  |  | $ | 16,805 |  |  | $ | 2,708 |  |  | $ | 1,422 |  |  | $ | 25,277 |
The following tables break down the activity in the AULC for the three and nine months ended September 30, 2023:
|  | (In Thousands) |
|  | Unfunded Loan Commitment & Letters of Credit |
Three Months Ended September 30, 2023 |  |  |
ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT |  |  |
Beginning balance |  | $ | 2,099 |
Provision for credit losses - off balance sheet credit exposures |  |  | (76 | )
Charge-offs |  |  | - |
Recoveries |  |  | - |
Ending Balance |  | $ | 2,023 |
|  | (In Thousands) |
|  | Unfunded Loan Commitment & Letters of Credit |
Nine Months Ended September 30, 2023 |  |  |
ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT |  |  |
Beginning balance |  | $ | 1,262 |
Adoption of ASU 2016-13 |  |  | 904 |
Provision for credit losses-off balance sheet credit exposures |  |  | (143 | )
Charge-offs |  |  | - |
Recoveries |  |  | - |
Ending Balance |  | $ | 2,023 |
Additional analysis, presented in thousands, related to the ALLL for the three and nine months ended September 30, 2022 in addition to the ending balances, presented in thousands, as of December 31, 2022 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, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLOWANCE FOR CREDIT LOSSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 939 |  |  | $ | 346 |  |  | $ | 754 |  |  | $ | 10,427 |  |  | $ | 5,365 |  |  | $ | 567 |  |  | $ | 1,167 |  |  | $ | 26 |  |  | $ | 19,591 |
Charge Offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (123 | ) |  |  | - |  |  |  | - |  |  |  | (123 | )
Recoveries |  |  | 6 |  |  |  | - |  |  |  | 1 |  |  |  | 2 |  |  |  | 8 |  |  |  | 35 |  |  |  | - |  |  |  | - |  |  |  | 52 |
Provision (Credit) |  |  | (19 | ) |  |  | 10 |  |  |  | 1 |  |  |  | 1,122 |  |  |  | 297 |  |  |  | 246 |  |  |  | - |  |  |  | (20 | ) |  |  | 1,637 |
Other Non-interest expense related to unfunded |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (49 | ) |  |  | - |  |  |  | (49 | )
Ending Balance |  | $ | 926 |  |  | $ | 356 |  |  | $ | 756 |  |  | $ | 11,551 |  |  | $ | 5,670 |  |  | $ | 725 |  |  | $ | 1,118 |  |  | $ | 6 |  |  | $ | 21,108 |
Ending balance: individually evaluated for impairment |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 500 |  |  | $ | 1,936 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,436 |
Ending balance: collectively evaluated for impairment |  | $ | 926 |  |  | $ | 356 |  |  | $ | 756 |  |  | $ | 11,051 |  |  | $ | 3,734 |  |  | $ | 725 |  |  | $ | 1,118 |  |  | $ | 6 |  |  | $ | 18,672 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
FINANCING RECEIVABLES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 416,044 |  |  | $ | 204,787 |  |  | $ | 128,818 |  |  | $ | 1,061,904 |  |  | $ | 260,000 |  |  | $ | 71,063 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,142,616 |
Ending balance: individually evaluated for impairment |  | $ | 624 |  |  | $ | 2,588 |  |  | $ | 1,334 |  |  | $ | 4,187 |  |  | $ | 2,003 |  |  | $ | 17 |  |  | $ | - |  |  | $ | - |  |  | $ | 10,753 |
Ending balance: collectively evaluated for impairment |  | $ | 414,951 |  |  | $ | 202,003 |  |  | $ | 127,484 |  |  | $ | 1,057,699 |  |  | $ | 257,948 |  |  | $ | 71,046 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,131,131 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | 469 |  |  | $ | 196 |  |  | $ | - |  |  | $ | 18 |  |  | $ | 49 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 732 |
|  | 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, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLOWANCE FOR CREDIT LOSSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 857 |  |  | $ | 1,040 |  |  | $ | 709 |  |  | $ | 9,130 |  |  | $ | 3,847 |  |  | $ | 625 |  |  | $ | 1,041 |  |  | $ | 34 |  |  | $ | 17,283 |
Charge Offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6 | ) |  |  | (328 | ) |  |  | - |  |  |  | - |  |  |  | (334 | )
Recoveries |  |  | 15 |  |  |  | - |  |  |  | 1 |  |  |  | 7 |  |  |  | 82 |  |  |  | 132 |  |  |  | - |  |  |  | - |  |  |  | 237 |
Provision (Credit) |  |  | 54 |  |  |  | (684 | ) |  |  | 46 |  |  |  | 2,414 |  |  |  | 1,747 |  |  |  | 296 |  |  |  | - |  |  |  | (28 | ) |  |  | 3,845 |
Other Non-interest expense related to unfunded |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 77 |  |  |  | - |  |  |  | 77 |
Ending Balance |  | $ | 926 |  |  | $ | 356 |  |  | $ | 756 |  |  | $ | 11,551 |  |  | $ | 5,670 |  |  | $ | 725 |  |  | $ | 1,118 |  |  | $ | 6 |  |  | $ | 21,108 |
Ending balance: individually evaluated for impairment |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 500 |  |  | $ | 1,936 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 2,436 |
Ending balance: collectively evaluated for impairment |  | $ | 926 |  |  | $ | 356 |  |  | $ | 756 |  |  | $ | 11,051 |  |  | $ | 3,734 |  |  | $ | 725 |  |  | $ | 1,118 |  |  | $ | 6 |  |  | $ | 18,672 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
FINANCING RECEIVABLES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 416,044 |  |  | $ | 204,787 |  |  | $ | 128,818 |  |  | $ | 1,061,904 |  |  | $ | 260,000 |  |  | $ | 71,063 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,142,616 |
Ending balance: individually evaluated for impairment |  | $ | 624 |  |  | $ | 2,588 |  |  | $ | 1,334 |  |  | $ | 4,187 |  |  | $ | 2,003 |  |  | $ | 17 |  |  | $ | - |  |  | $ | - |  |  | $ | 10,753 |
Ending balance: collectively evaluated for impairment |  | $ | 414,951 |  |  | $ | 202,003 |  |  | $ | 127,484 |  |  | $ | 1,057,699 |  |  | $ | 257,948 |  |  | $ | 71,046 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,131,131 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | 469 |  |  | $ | 196 |  |  | $ | - |  |  | $ | 18 |  |  | $ | 49 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 732 |
December 31, 2022 |  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 857 |  |  | $ | 1,040 |  |  | $ | 709 |  |  | $ | 9,130 |  |  | $ | 3,847 |  |  | $ | 625 |  |  | $ | 1,041 |  |  | $ | 34 |  |  | $ | 17,283 |
Charge Offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (418 | ) |  |  | (409 | ) |  |  | - |  |  |  | - |  |  |  | (827 | )
Recoveries |  |  | 20 |  |  |  | - |  |  |  | 7 |  |  |  | 9 |  |  |  | 93 |  |  |  | 169 |  |  |  | - |  |  |  | - |  |  |  | 298 |
Provision (Credit) |  |  | 121 |  |  |  | (691 | ) |  |  | 35 |  |  |  | 2,785 |  |  |  | 1,860 |  |  |  | 506 |  |  |  | - |  |  |  | (16 | ) |  |  | 4,600 |
Other Non-interest expense related to unfunded |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 221 |  |  |  | - |  |  |  | 221 |
Ending Balance |  | $ | 998 |  |  | $ | 349 |  |  | $ | 751 |  |  | $ | 11,924 |  |  | $ | 5,382 |  |  | $ | 891 |  |  | $ | 1,262 |  |  | $ | 18 |  |  | $ | 21,575 |
Ending balance: individually evaluated for impairment |  | $ | 6 |  |  | $ | - |  |  | $ | - |  |  | $ | 438 |  |  | $ | 1,551 |  |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,996 |
Ending balance: collectively evaluated for impairment |  | $ | 992 |  |  | $ | 349 |  |  | $ | 751 |  |  | $ | 11,486 |  |  | $ | 3,831 |  |  | $ | 890 |  |  | $ | 1,262 |  |  | $ | 18 |  |  | $ | 19,579 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
FINANCING RECEIVABLES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 494,423 |  |  | $ | 220,514 |  |  | $ | 128,926 |  |  | $ | 1,150,511 |  |  | $ | 272,119 |  |  | $ | 89,894 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,356,387 |
Ending balance: individually evaluated for impairment |  | $ | 569 |  |  | $ | 2,280 |  |  | $ | 152 |  |  | $ | 4,108 |  |  | $ | 1,581 |  |  | $ | 167 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,857 |
Ending balance: collectively evaluated for impairment |  | $ | 493,449 |  |  | $ | 218,039 |  |  | $ | 128,774 |  |  | $ | 1,146,389 |  |  | $ | 270,493 |  |  | $ | 89,727 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,346,871 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | 405 |  |  | $ | 195 |  |  | $ | - |  |  | $ | 14 |  |  | $ | 45 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 659 |

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