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Note 4 - Loans and the Allowance for Credit Losses | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES Outstanding loans are summarized below, in thousands:
|  | September 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Commercial |  | $ | 161,667 |  |  | $ | 77,444 |
Agricultural |  |  | 154,107 |  |  |  | 118,866 |
Real estate – residential |  |  | 33,657 |  |  |  | 11,539 |
Real estate – commercial |  |  | 980,694 |  |  |  | 646,378 |
Real estate – construction and land development |  |  | 49,199 |  |  |  | 53,503 |
Equity lines of credit (Equity LOC) |  |  | 53,283 |  |  |  | 37,888 |
Auto |  |  | 45,142 |  |  |  | 64,734 |
Other |  |  | 18,745 |  |  |  | 5,072 |
Total loans |  |  | 1,496,494 |  |  |  | 1,015,424 |
Deferred loan costs, net |  |  | 3,485 |  |  |  | 3,147 |
Loans, amortized cost basis |  |  | 1,499,979 |  |  |  | 1,018,571 |
Allowance for credit losses |  |  | (19,564 | ) |  |  | (13,196 | )
Total net loans |  | $ | 1,480,415 |  |  | $ | 1,005,375 |
Salaries and employee benefits totaling $951,000 and $599,000 have been deferred as loan origination costs during the three months ended September 30, 2025 and 2024, respectively. Salaries and employee benefits totaling $2,173,000 and $2,062,000 have been deferred as loan origination costs during the nine months ended September 30, 2025, and 2024, respectively. The Company assigns a risk rating to all loans and periodically, but not less than annually, performs detailed reviews of all criticized and classified loans over $100,000 to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to examination by independent specialists engaged by the Company and the Company’s regulators. During these internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which borrowers operate and the fair values of collateral securing these loans. These credit quality indicators are used to assign a risk rating to each individual loan. The risk ratings can be grouped into three major categories, defined as follows: Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard – A substandard loan is not adequately protected by the current sound worth and paying capacity of the borrower or the value of the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Well defined weaknesses include a project's lack of marketability, inadequate cash flow or collateral support, failure to complete construction on time or the project's failure to fulfill economic expectations. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – Loans classified doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass-rated loans. For other loans, which are primarily consumer loans and automobile loans the Company evaluates credit quality based on the aging status of the loan and by payment activity. Non-performing loans consist of nonaccrual loans and loans past due 90 days or more and still accruing. Other Real Estate Owned Other real estate owned relates to real estate acquired in full or partial settlement of loan obligations. On September 30, 2025, other real estate owned totaled $114,000, consisting of two single family residential real estate (SFR) properties. On December 31, 2024, other real estate owned totaled $91,000, consisting of one SFR property. There was one commercial real estate loan totaling $221,000 secured by commercial property, two residential real estate loans totaling $185,000, two agricultural loans totaling $2,337,000 secured partially by SFR properties and additionally by agricultural land and one equity line of credit totaling $79,000 secured by SFR property for which formal foreclosure proceedings were in process at September 30, 2025 There was one commercial loan with a balance of $53,000 secured by a SFR property for which formal foreclosure proceedings were in process at December 31, 2024. The following table presents the amortized cost basis of the loan portfolio allocated by management's internal risk ratings or payment activity at the dates indicated, in thousands:
|  | Amortized Cost Basis by Origination Year and Risk Grades - As of September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | Prior |  |  | Revolving Loans Book Amortized Cost Basis |  |  | Revolving Loans Converted to Term Amortized Cost Basis |  |  | Total - Amortized Cost Basis |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 13,873 |  |  | $ | 27,143 |  |  | $ | 24,011 |  |  | $ | 27,998 |  |  | $ | 12,811 |  |  | $ | 15,126 |  |  |  | 38,605 |  |  | $ | - |  |  | $ | 159,567 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 939 |  |  |  | 638 |  |  |  | 443 |  |  |  | - |  |  |  | 2,020 |
Substandard |  |  | 3 |  |  |  | - |  |  |  | 230 |  |  |  | 99 |  |  |  | 133 |  |  |  | 280 |  |  |  | 165 |  |  |  | - |  |  |  | 910 |
Total Commercial loans |  | $ | 13,876 |  |  | $ | 27,143 |  |  | $ | 24,241 |  |  | $ | 28,097 |  |  | $ | 13,883 |  |  | $ | 16,044 |  |  | $ | 39,213 |  |  | $ | - |  |  | $ | 162,497 |
Current period gross charge-offs |  | $ | - |  |  | $ | 114 |  |  | $ | - |  |  | $ | 51 |  |  | $ | - |  |  | $ | - |  |  | $ | 25 |  |  | $ | - |  |  | $ | 190 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 7,820 |  |  | $ | 6,910 |  |  | $ | 16,167 |  |  | $ | 12,000 |  |  | $ | 14,182 |  |  | $ | 35,902 |  |  | $ | 26,064 |  |  | $ | - |  |  | $ | 119,045 |
Special Mention |  |  | 1,114 |  |  |  | - |  |  |  | 499 |  |  |  | 7,129 |  |  |  | 806 |  |  |  | 6,591 |  |  |  | 3,273 |  |  |  | - |  |  |  | 19,412 |
Substandard |  |  | 420 |  |  |  | - |  |  |  | 2,747 |  |  |  | 5,175 |  |  |  | 3,059 |  |  |  | 1,330 |  |  |  | 3,178 |  |  |  | - |  |  |  | 15,909 |
Total Agricultural |  | $ | 9,354 |  |  | $ | 6,910 |  |  | $ | 19,413 |  |  | $ | 24,304 |  |  | $ | 18,047 |  |  | $ | 43,823 |  |  | $ | 32,515 |  |  | $ | - |  |  | $ | 154,366 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | 11 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 11 |
Real Estate - Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,033 |  |  | $ | 4,482 |  |  | $ | 1,822 |  |  | $ | 9,381 |  |  | $ | 5,991 |  |  | $ | 9,401 |  |  | $ | 156 |  |  | $ | - |  |  | $ | 33,266 |
Special Mention |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 149 |  |  |  | - |  |  |  | - |  |  |  | 149 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 273 |  |  |  | - |  |  |  | - |  |  |  | 273 |
Total Real Estate - Residential |  | $ | 2,033 |  |  | $ | 4,482 |  |  | $ | 1,822 |  |  | $ | 9,381 |  |  | $ | 5,991 |  |  | $ | 9,823 |  |  | $ | 156 |  |  | $ | - |  |  | $ | 33,688 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Real Estate -Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 74,401 |  |  | $ | 117,536 |  |  | $ | 134,415 |  |  | $ | 170,782 |  |  | $ | 137,156 |  |  | $ | 330,501 |  |  | $ | 3,869 |  |  | $ | - |  |  | $ | 968,660 |
Special Mention |  |  | 994 |  |  |  | - |  |  |  | - |  |  |  | 238 |  |  |  | 950 |  |  |  | 3,015 |  |  |  | - |  |  |  | - |  |  |  | 5,197 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 378 |  |  |  | 409 |  |  |  | 7,041 |  |  |  | - |  |  |  | - |  |  |  | 7,828 |
Total Real Estate -Commercial |  | $ | 75,395 |  |  | $ | 117,536 |  |  | $ | 134,415 |  |  | $ | 171,398 |  |  | $ | 138,515 |  |  | $ | 340,557 |  |  | $ | 3,869 |  |  | $ | - |  |  | $ | 981,685 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Real Estate -Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 8,095 |  |  | $ | 18,853 |  |  | $ | 4,134 |  |  | $ | 3,582 |  |  | $ | 5,235 |  |  | $ | 1,092 |  |  | $ | 3,757 |  |  | $ | - |  |  | $ | 44,748 |
Special Mention |  |  | - |  |  |  | - |  |  |  | 4,307 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,307 |
Total Real Estate -Construction |  | $ | 8,095 |  |  | $ | 18,853 |  |  | $ | 8,441 |  |  | $ | 3,582 |  |  | $ | 5,235 |  |  | $ | 1,092 |  |  | $ | 3,757 |  |  | $ | - |  |  | $ | 49,055 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Equity LOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 50,727 |  |  | $ | 2,397 |  |  | $ | 53,124 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 103 |  |  |  | - |  |  |  | - |  |  |  | 987 |  |  |  | - |  |  |  | 1,090 |
Total Equity LOC |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 103 |  |  | $ | - |  |  | $ | - |  |  | $ | 51,714 |  |  | $ | 2,397 |  |  | $ | 54,214 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 19 |  |  | $ | - |  |  | $ | 19 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 106,222 |  |  | $ | 174,924 |  |  | $ | 180,549 |  |  | $ | 223,743 |  |  | $ | 175,375 |  |  | $ | 392,022 |  |  | $ | 123,178 |  |  | $ | 2,397 |  |  | $ | 1,378,410 |
Special Mention |  |  | 2,108 |  |  |  | - |  |  |  | 4,806 |  |  |  | 7,367 |  |  |  | 2,695 |  |  |  | 10,393 |  |  |  | 3,716 |  |  |  | - |  |  |  | 31,085 |
Substandard |  |  | 423 |  |  |  | - |  |  |  | 2,977 |  |  |  | 5,755 |  |  |  | 3,601 |  |  |  | 8,924 |  |  |  | 4,330 |  |  |  | - |  |  |  | 26,010 |
Total |  | $ | 108,753 |  |  | $ | 174,924 |  |  | $ | 188,332 |  |  | $ | 236,865 |  |  | $ | 181,671 |  |  | $ | 411,339 |  |  | $ | 131,224 |  |  | $ | 2,397 |  |  | $ | 1,435,505 |
Current period gross charge-offs |  | $ | - |  |  | $ | 114 |  |  | $ | 11 |  |  | $ | 51 |  |  | $ | - |  |  | $ | - |  |  | $ | 44 |  |  | $ | - |  |  | $ | 220 |
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | - |  |  | $ | 17,744 |  |  | $ | 16,310 |  |  | $ | 6,529 |  |  | $ | 4,248 |  |  | $ | - |  |  | $ | - |  |  | $ | 44,831 |
Non-performing |  |  | - |  |  |  | - |  |  |  | 204 |  |  |  | 197 |  |  |  | 257 |  |  |  | 165 |  |  |  | - |  |  |  | - |  |  |  | 823 |
Total Auto |  | $ | - |  |  | $ | - |  |  | $ | 17,948 |  |  | $ | 16,507 |  |  | $ | 6,786 |  |  | $ | 4,413 |  |  | $ | - |  |  | $ | - |  |  | $ | 45,654 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | 100 |  |  | $ | 181 |  |  | $ | 25 |  |  | $ | 102 |  |  | $ | - |  |  | $ | - |  |  | $ | 408 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 5,117 |  |  | $ | 7,032 |  |  | $ | 2,442 |  |  | $ | 3,571 |  |  | $ | 148 |  |  | $ | 35 |  |  | $ | 463 |  |  | $ | - |  |  | $ | 18,808 |
Non-performing |  |  | - |  |  |  | 4 |  |  |  | 1 |  |  |  | 6 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |
Total Other |  | $ | 5,117 |  |  | $ | 7,036 |  |  | $ | 2,443 |  |  | $ | 3,577 |  |  | $ | 149 |  |  | $ | 35 |  |  | $ | 463 |  |  | $ | - |  |  | $ | 18,820 |
Current period gross charge-offs |  | $ | - |  |  | $ | 36 |  |  | $ | 38 |  |  | $ | 18 |  |  | $ | 2 |  |  | $ | 8 |  |  | $ | - |  |  | $ | - |  |  | $ | 102 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 5,117 |  |  | $ | 7,032 |  |  | $ | 20,186 |  |  | $ | 19,881 |  |  | $ | 6,677 |  |  | $ | 4,283 |  |  | $ | 463 |  |  | $ | - |  |  | $ | 63,639 |
Non-performing |  |  | - |  |  |  | 4 |  |  |  | 205 |  |  |  | 203 |  |  |  | 258 |  |  |  | 165 |  |  |  | - |  |  |  | - |  |  |  | 835 |
Total |  | $ | 5,117 |  |  | $ | 7,036 |  |  | $ | 20,391 |  |  | $ | 20,084 |  |  | $ | 6,935 |  |  | $ | 4,448 |  |  | $ | 463 |  |  | $ | - |  |  | $ | 64,474 |
Total Loans |  | $ | 113,870 |  |  | $ | 181,960 |  |  | $ | 208,723 |  |  | $ | 256,949 |  |  | $ | 188,606 |  |  | $ | 415,787 |  |  | $ | 131,687 |  |  | $ | 2,397 |  |  | $ | 1,499,979 |
Total gross charge-offs |  | $ | - |  |  | $ | 150 |  |  | $ | 149 |  |  | $ | 250 |  |  | $ | 27 |  |  | $ | 110 |  |  | $ | 44 |  |  | $ | - |  |  | $ | 730 |
|  | Term Loans |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Amortized Cost Basis by Origination Year and Risk Grades - As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Revolving Loans Book Balance Basis |  |  | Revolving loans converted to term Book Balance Basis |  |  | Total |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 19,885 |  |  | $ | 12,642 |  |  | $ | 12,042 |  |  | $ | 8,405 |  |  | $ | 1,658 |  |  | $ | 6,886 |  |  | $ | 13,232 |  |  | $ | - |  |  | $ | 74,750 |
Special Mention |  |  | - |  |  |  | - |  |  |  | 157 |  |  |  | 444 |  |  |  | - |  |  |  | 36 |  |  |  | 513 |  |  |  | - |  |  |  | 1,150 |
Substandard |  |  | 61 |  |  |  | 244 |  |  |  | 1,050 |  |  |  | 365 |  |  |  | 469 |  |  |  | 30 |  |  |  | 75 |  |  |  | - |  |  |  | 2,294 |
Total Commercial loans |  | $ | 19,946 |  |  | $ | 12,886 |  |  | $ | 13,249 |  |  | $ | 9,214 |  |  | $ | 2,127 |  |  | $ | 6,952 |  |  | $ | 13,820 |  |  | $ | - |  |  | $ | 78,194 |
Current period gross charge-offs |  | $ | - |  |  | $ | 86 |  |  | $ | 43 |  |  | $ | - |  |  | $ | - |  |  | $ | 22 |  |  | $ | 151 |  |  | $ | - |  |  | $ | 302 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 6,421 |  |  | $ | 9,331 |  |  | $ | 14,290 |  |  | $ | 11,389 |  |  | $ | 14,252 |  |  | $ | 28,075 |  |  | $ | 13,356 |  |  | $ | - |  |  | $ | 97,114 |
Special Mention |  |  | 518 |  |  |  | 53 |  |  |  | 1,159 |  |  |  | 358 |  |  |  | 1,307 |  |  |  | 1,639 |  |  |  | 534 |  |  |  | - |  |  |  | 5,568 |
Substandard |  |  | - |  |  |  | 2,710 |  |  |  | 4,606 |  |  |  | 3,252 |  |  |  | 78 |  |  |  | 1,281 |  |  |  | 4,501 |  |  |  | - |  |  |  | 16,428 |
Total Agricultural |  | $ | 6,939 |  |  | $ | 12,094 |  |  | $ | 20,055 |  |  | $ | 14,999 |  |  | $ | 15,637 |  |  | $ | 30,995 |  |  | $ | 18,391 |  |  | $ | - |  |  | $ | 119,110 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Real Estate - Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 632 |  |  | $ | 1,105 |  |  | $ | - |  |  | $ | 2,064 |  |  | $ | 2,355 |  |  | $ | 4,639 |  |  | $ | 520 |  |  | $ | - |  |  | $ | 11,315 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 253 |  |  |  | - |  |  |  | - |  |  |  | 253 |
Total Real Estate - Residential |  | $ | 632 |  |  | $ | 1,105 |  |  | $ | - |  |  | $ | 2,064 |  |  | $ | 2,355 |  |  | $ | 4,892 |  |  | $ | 520 |  |  |  | - |  |  | $ | 11,568 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Real Estate -Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 90,579 |  |  | $ | 92,735 |  |  | $ | 137,607 |  |  | $ | 82,627 |  |  | $ | 73,405 |  |  | $ | 154,466 |  |  | $ | 7,142 |  |  | $ | - |  |  | $ | 638,561 |
Special Mention |  |  | - |  |  |  | - |  |  |  | 171 |  |  |  | - |  |  |  | - |  |  |  | 4,460 |  |  |  | 450 |  |  |  | - |  |  |  | 5,081 |
Substandard |  |  | - |  |  |  | - |  |  |  | 628 |  |  |  | - |  |  |  | 921 |  |  |  | 1,760 |  |  |  | - |  |  |  | - |  |  |  | 3,309 |
Total Real Estate -Commercial |  | $ | 90,579 |  |  | $ | 92,735 |  |  | $ | 138,406 |  |  | $ | 82,627 |  |  | $ | 74,326 |  |  | $ | 160,686 |  |  | $ | 7,592 |  |  | $ | - |  |  | $ | 646,951 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Real Estate -Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 21,110 |  |  | $ | 15,244 |  |  | $ | 11,054 |  |  | $ | 3,767 |  |  | $ | 947 |  |  | $ | 843 |  |  | $ | - |  |  | $ | - |  |  | $ | 52,965 |
Special Mention |  |  | - |  |  |  | - |  |  |  | 210 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 210 |
Substandard |  |  | 110 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 110 |
Total Real Estate -Construction |  | $ | 21,220 |  |  | $ | 15,244 |  |  | $ | 11,264 |  |  | $ | 3,767 |  |  | $ | 947 |  |  | $ | 843 |  |  | $ | - |  |  | $ | - |  |  | $ | 53,285 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Equity LOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  |  |  |  |  | $ | 34,622 |  |  | $ | 3,483 |  |  | $ | 38,105 |
Substandard |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | 371 |  |  |  | 279 |  |  |  | 650 |
Total Equity LOC |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 34,993 |  |  | $ | 3,762 |  |  | $ | 38,755 |
Current period gross charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 138,627 |  |  | $ | 131,057 |  |  | $ | 174,993 |  |  | $ | 108,252 |  |  | $ | 92,617 |  |  | $ | 194,909 |  |  | $ | 68,872 |  |  | $ | 3,483 |  |  | $ | 912,810 |
Special Mention |  |  | 518 |  |  |  | 53 |  |  |  | 1,697 |  |  |  | 802 |  |  |  | 1,307 |  |  |  | 6,135 |  |  |  | 1,497 |  |  |  | - |  |  |  | 12,009 |
Substandard |  |  | 171 |  |  |  | 2,954 |  |  |  | 6,284 |  |  |  | 3,617 |  |  |  | 1,468 |  |  |  | 3,324 |  |  |  | 4,947 |  |  |  | 279 |  |  |  | 23,044 |
Total |  | $ | 139,316 |  |  | $ | 134,064 |  |  | $ | 182,974 |  |  | $ | 112,671 |  |  | $ | 95,392 |  |  | $ | 204,368 |  |  | $ | 75,316 |  |  | $ | 3,762 |  |  | $ | 947,863 |
Current period gross charge-offs |  | $ | - |  |  | $ | 86 |  |  | $ | 43 |  |  | $ | - |  |  | $ | - |  |  | $ | 22 |  |  | $ | 151 |  |  | $ | - |  |  | $ | 302 |
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | 23,163 |  |  | $ | 22,361 |  |  | $ | 10,426 |  |  | $ | 4,779 |  |  | $ | 4,063 |  |  | $ | - |  |  | $ | - |  |  | $ | 64,792 |
Non-performing |  |  | - |  |  |  | 147 |  |  |  | 241 |  |  |  | 187 |  |  |  | 129 |  |  |  | 88 |  |  |  | - |  |  |  | - |  |  |  | 792 |
Total Auto |  | $ | - |  |  | $ | 23,310 |  |  | $ | 22,602 |  |  | $ | 10,613 |  |  | $ | 4,908 |  |  | $ | 4,151 |  |  | $ | - |  |  | $ | - |  |  | $ | 65,584 |
Current period gross charge-offs |  | $ | - |  |  | $ | 389 |  |  | $ | 598 |  |  | $ | 262 |  |  | $ | 171 |  |  | $ | 223 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,643 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 2,433 |  |  | $ | 1,245 |  |  | $ | 799 |  |  | $ | 318 |  |  | $ | 88 |  |  | $ | 5 |  |  | $ | 157 |  |  | $ | - |  |  | $ | 5,045 |
Non-performing |  |  | - |  |  |  | 48 |  |  |  | 24 |  |  |  | 3 |  |  |  | 2 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 79 |
Total Other |  | $ | 2,433 |  |  | $ | 1,293 |  |  | $ | 823 |  |  | $ | 321 |  |  | $ | 90 |  |  | $ | 5 |  |  | $ | 159 |  |  | $ | - |  |  | $ | 5,124 |
Current period gross charge-offs |  | $ | - |  |  | $ | 9 |  |  | $ | 35 |  |  | $ | 31 |  |  | $ | 6 |  |  | $ | 12 |  |  | $ | 1 |  |  | $ | - |  |  | $ | 94 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 2,433 |  |  | $ | 24,408 |  |  | $ | 23,160 |  |  | $ | 10,744 |  |  | $ | 4,867 |  |  | $ | 4,068 |  |  | $ | 157 |  |  | $ | - |  |  | $ | 69,837 |
Non-performing |  |  | - |  |  |  | 195 |  |  |  | 265 |  |  |  | 190 |  |  |  | 131 |  |  |  | 88 |  |  |  | 2 |  |  |  | - |  |  |  | 871 |
Total |  | $ | 2,433 |  |  | $ | 24,603 |  |  | $ | 23,425 |  |  | $ | 10,934 |  |  | $ | 4,998 |  |  | $ | 4,156 |  |  | $ | 159 |  |  | $ | - |  |  | $ | 70,708 |
Total Loans |  | $ | 141,749 |  |  | $ | 158,667 |  |  | $ | 206,399 |  |  | $ | 123,605 |  |  | $ | 100,390 |  |  | $ | 208,524 |  |  | $ | 75,475 |  |  | $ | 3,762 |  |  | $ | 1,018,571 |
Total gross charge-offs |  | $ | - |  |  | $ | 484 |  |  | $ | 676 |  |  | $ | 293 |  |  | $ | 177 |  |  | $ | 257 |  |  | $ | 152 |  |  | $ | - |  |  | $ | 2,039 |
The following table shows the ending balance of nonaccrual loans by loan category as of the date indicated:
|  | Non-Performing Loans |
|  | September 30, 2025 |  |  | December 31, 2024 |
(in thousands) |  | Nonaccrual with no allowance for credit losses |  |  | Total nonaccrual |  |  | Past due 90 days or more and still accruing |  |  | Nonaccrual with no allowance for credit losses |  |  | Total nonaccrual |  |  | Past due 90 days or more and still accruing |
Commercial |  | $ | 257 |  |  | $ | 508 |  |  | $ | - |  |  | $ | 302 |  |  | $ | 355 |  |  | $ | - |
Agricultural |  |  | 8,501 |  |  |  | 10,540 |  |  |  | - |  |  |  | 567 |  |  |  | 567 |  |  |  | - |
Real estate – residential |  |  | 258 |  |  |  | 258 |  |  |  | - |  |  |  | 83 |  |  |  | 83 |  |  |  | - |
Real estate – commercial |  |  | 1,798 |  |  |  | 1,798 |  |  |  | - |  |  |  | 1,579 |  |  |  | 1,579 |  |  |  | - |
Real estate – construction & land development |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Equity lines of credit |  |  | 1,090 |  |  |  | 1,090 |  |  |  | - |  |  |  | 650 |  |  |  | 650 |  |  |  | - |
Auto |  |  | 823 |  |  |  | 823 |  |  |  | - |  |  |  | 792 |  |  |  | 792 |  |  |  | - |
Other |  |  | 12 |  |  |  | 12 |  |  |  | - |  |  |  | 77 |  |  |  | 79 |  |  |  | - |
Total Gross Loans |  | $ | 12,739 |  |  | $ | 15,029 |  |  | $ | - |  |  | $ | 4,050 |  |  | $ | 4,105 |  |  | $ | - |
The Company places loans 90 days or more past due on nonaccrual status unless the loan is well secured and in the process of collection. A loan is considered to be in the process of collection if, based on a probable specific event, it is expected that the loan will be repaid or brought current. Generally, this collection period would not exceed 90 days. When a loan is placed on nonaccrual status the Company's general policy is to reverse and charge against current income previously accrued but unpaid interest. Interest income on such loans is subsequently recognized only to the extent that cash is received, and future collection of principal is deemed by management to be probable. Where the collectability of the principal or interest on a loan is considered to be doubtful by management, it is placed on nonaccrual status prior to becoming 90 days delinquent. The following tables show interest reversed against interest income for loans placed on nonaccrual status during the three and nine months ended September 30, 2025 and 2024.
Three months ended: |  |  |  |  |  |  |  |
(in thousands) |  | September 30, 2025 |  |  | September 30, 2024 |
Commercial |  | $ | 17 |  |  | $ | 6 |
Agricultural |  |  | 41 |  |  |  | 29 |
Real estate – residential |  |  | 1 |  |  |  | - |
Real estate – commercial |  |  | 2 |  |  |  | 26 |
Equity lines of credit |  |  | 3 |  |  |  | - |
Auto |  |  | 7 |  |  |  | 12 |
Other |  |  | - |  |  |  | - |
Total |  | $ | 71 |  |  | $ | 73 |
Nine months ended: |  |  |  |  |  |  |  |
(in thousands) |  | September 30, 2025 |  |  | September 30, 2024 |
Commercial |  | $ | 28 |  |  | $ | 10 |
Agricultural |  |  | 381 |  |  |  | 29 |
Real estate – residential |  |  | 1 |  |  |  | 9 |
Real estate – commercial |  |  | 7 |  |  |  | 40 |
Equity lines of credit |  |  | 18 |  |  |  | 10 |
Auto |  |  | 14 |  |  |  | 21 |
Other |  |  | 1 |  |  |  | - |
Total |  | $ | 450 |  |  | $ | 119 |
The following table presents the amortized cost basis of loans at September 30, 2025, that were both experiencing financial difficulty and modified during the three months ended September 30, 2025, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.
|  | Term Extension |
(in thousands) |  | Amortized Cost Basis |  |  | Total Class of Financing Receivable |
Agricultural |  |  | 2,232 |  |  |  | 1.45 | %
Real estate – commercial |  |  | 76 |  |  |  | 0.01 | %
Total |  | $ | 2,308 |  |  |  | 0.15 | %
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty as of September 30, 2025:
|  | Weighted-Average Term Extension (in months) |
Agricultural |  |  | 5.0 |
Real estate – commercial |  |  | 24.0 |
Total |  |  | 5.6 |
The following table presents the amortized cost basis of loans at September 30, 2025, that were both experiencing financial difficulty and modified during the nine months ended September 30, 2025, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.
|  | Term Extension |
(in thousands) |  | Amortized Cost Basis |  |  | Total Class of Financing Receivable |
Agricultural |  |  | 7,105 |  |  |  | 4.60 | %
Real estate – commercial |  |  | 848 |  |  |  | 0.09 | %
Total |  | $ | 7,953 |  |  |  | 0.53 | %
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty as of September 30, 2025:
|  | Weighted-Average Term Extension (in months) |
Agricultural |  |  | 5.3 |
Real estate – commercial |  |  | 4.9 |
Total |  |  | 5.3 |
The following table presents the amortized cost basis of loans at September 30, 2024, that were both experiencing financial difficulty and modified during the three months ended September 30, 2024, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.
|  | Term Extension |
(in thousands) |  | Amortized Cost Basis |  |  | Total Class of Financing Receivable |
Agricultural |  |  | 2,357 |  |  |  | 1.93 | %
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty as of September 30, 2024:
|  | Weighted-Average Term Extension (in months) |
Agricultural |  |  | 6.0 |
The following table presents the amortized cost basis of loans at September 30, 2024, that were both experiencing financial difficulty and modified during the nine months ended September 30, 2024, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.
|  | Term Extension |
(in thousands) |  | Amortized Cost Basis |  |  | Total Class of Financing Receivable |
Commercial |  |  | 32 |  |  |  | 0.04 | %
Agricultural |  |  | 2,413 |  |  |  | 1.98 | %
Total |  | $ | 2,445 |  |  |  | 0.24 | %
The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty as of September 30, 2024:
|  | Weighted-Average Term Extension (in months) |
Commercial |  |  | 6.0 |
Agricultural |  |  | 7.3 |
Total |  |  | 7.2 |
Loans with payment defaults by borrowers experiencing financial difficulty during the nine months ended September 30, 2025, which had material modifications in rate, term or principal forgiveness during the twelve months prior to default totaled $9.1 million in agricultural loans. Of the $9.1 million, four loans totaling $4.9 million were 107 days past due, one loan totaling $2 million was 168 days past due and one loan totaling $2.2 million was 15 days past due at September 30, 2025. Loans with payment defaults by borrowers experiencing financial difficulty during the nine months ended September 30, 2024, which had material modifications in rate, term or principal forgiveness during the twelve months prior to default totaled $4.8 million in agricultural loans which were 46 days past due at September 30, 2024, and one commercial loan totaling $32,000 which was 70 days past due at September 30, 2024. The commercial loan experienced a payment default in the current three-month period while the agricultural loans experienced payment defaults during the nine months ended September 30, 2024, as well as in the three-month period ended September 30, 2024. Additionally, $1.3 million in agricultural loans that were in payment default earlier in the year, paid off during the three months ended September 30, 2024. The following tables show the allocation of the allowance for credit losses at the dates indicated, in thousands:
Nine Months Ended September 30, 2025: |  | Commercial |  |  | Agricultural |  |  | Real Estate-Residential |  |  | Real Estate-Commercial |  |  | Real Estate-Construction |  |  | Equity LOC |  |  | Auto |  |  | Other |  |  | Total |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,265 |  |  | $ | 1,802 |  |  | $ | 102 |  |  | $ | 7,459 |  |  | $ | 815 |  |  | $ | 460 |  |  | $ | 1,215 |  |  | $ | 78 |  |  | $ | 13,196 |
Charge-offs |  |  | (190 | ) |  |  | (11 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (19 | ) |  |  | (408 | ) |  |  | (102 | ) |  |  | (730 | )
Recoveries |  |  | 22 |  |  |  | - |  |  |  | 49 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 430 |  |  |  | 10 |  |  |  | 511 |
Initial allowance on acquired PCD loans |  |  | 58 |  |  |  | 31 |  |  |  | - |  |  |  | 226 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 315 |
Provision for (recovery of) credit losses |  |  | 1,321 |  |  |  | 1,434 |  |  |  | 114 |  |  |  | 3,394 |  |  |  | (89 | ) |  |  | 159 |  |  |  | (398 | ) |  |  | 337 |  |  |  | 6,272 |
Ending balance |  | $ | 2,476 |  |  | $ | 3,256 |  |  | $ | 265 |  |  | $ | 11,079 |  |  | $ | 726 |  |  | $ | 600 |  |  | $ | 839 |  |  | $ | 323 |  |  | $ | 19,564 |
Three Months Ended September 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,397 |  |  | $ | 2,657 |  |  | $ | 110 |  |  | $ | 7,742 |  |  | $ | 694 |  |  | $ | 562 |  |  | $ | 955 |  |  | $ | 92 |  |  | $ | 14,209 |
Charge-offs |  |  | (25 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (19 | ) |  |  | (157 | ) |  |  | (23 | ) |  |  | (224 | )
Recoveries |  |  | 11 |  |  |  | - |  |  |  | 47 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 80 |  |  |  | 3 |  |  |  | 141 |
Initial allowance on acquired PCD loans |  |  | 58 |  |  |  | 31 |  |  |  | - |  |  |  | 226 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 315 |
Provision for (recovery of) credit losses |  |  | 1,035 |  |  |  | 568 |  |  |  | 108 |  |  |  | 3,111 |  |  |  | 32 |  |  |  | 57 |  |  |  | (39 | ) |  |  | 251 |  |  |  | 5,123 |
Ending balance |  | $ | 2,476 |  |  | $ | 3,256 |  |  | $ | 265 |  |  | $ | 11,079 |  |  | $ | 726 |  |  | $ | 600 |  |  | $ | 839 |  |  | $ | 323 |  |  | $ | 19,564 |
Nine Months Ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,134 |  |  | $ | 1,738 |  |  | $ | 137 |  |  | $ | 6,678 |  |  | $ | 797 |  |  | $ | 439 |  |  | $ | 1,865 |  |  | $ | 79 |  |  | $ | 12,867 |
Charge-offs |  |  | (65 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,292 | ) |  |  | (65 | ) |  |  | (1,422 | )
Recoveries |  |  | 21 |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 642 |  |  |  | 20 |  |  |  | 686 |
Provision for (recovery of) credit losses |  |  | 269 |  |  |  | 32 |  |  |  | (30 | ) |  |  | 830 |  |  |  | 51 |  |  |  | 17 |  |  |  | 253 |  |  |  | 53 |  |  |  | 1,475 |
Ending balance |  | $ | 1,359 |  |  | $ | 1,770 |  |  | $ | 110 |  |  | $ | 7,508 |  |  | $ | 848 |  |  | $ | 456 |  |  | $ | 1,468 |  |  | $ | 87 |  |  | $ | 13,606 |
Three Months Ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,426 |  |  | $ | 1,780 |  |  | $ | 121 |  |  | $ | 7,581 |  |  | $ | 973 |  |  | $ | 458 |  |  | $ | 1,654 |  |  | $ | 89 |  |  | $ | 14,082 |
Charge-offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (396 | ) |  |  | (16 | ) |  |  | (412 | )
Recoveries |  |  | 6 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 266 |  |  |  | 13 |  |  |  | 286 |
Provision for (recovery of) credit losses |  |  | (73 | ) |  |  | (10 | ) |  |  | (12 | ) |  |  | (73 | ) |  |  | (125 | ) |  |  | (2 | ) |  |  | (56 | ) |  |  | 1 |  |  |  | (350 | )
Ending balance |  | $ | 1,359 |  |  | $ | 1,770 |  |  | $ | 110 |  |  | $ | 7,508 |  |  | $ | 848 |  |  | $ | 456 |  |  | $ | 1,468 |  |  | $ | 87 |  |  | $ | 13,606 |
The following tables summarize the activity in the reserve for unfunded commitments, which is recorded on the balance sheet within other liabilities, for the three and nine months ended September 30, 2025 and 2024.
Three months ended: |  |  |  |  |  |  |  |
(in thousands) |  | September 30, 2025 |  |  | September 30, 2024 |
Beginning balance |  | $ | 580 |  |  | $ | 720 |
Provision on acquired loan commitments |  |  | 351 |  |  |  | - |
Recovery of provision for credit losses |  |  | (100 | ) |  |  | (50 | )
Ending balance |  | $ | 831 |  |  | $ | 670 |
Nine months ended: |  |  |  |  |  |  |  |
(in thousands) |  | September 30, 2025 |  |  | September 30, 2024 |
Beginning balance |  | $ | 620 |  |  | $ | 799 |
Provision on acquired loans commitments |  |  | 351 |  |  |  | - |
Recovery of provision for credit losses |  |  | (140 | ) |  |  | (129 | )
Ending balance |  | $ | 831 |  |  | $ | 670 |
The following tables show an aging analysis of the loan portfolio by the time past due, in thousands:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |  |  |  |  |  |  |  |  |
September 30, 2025 |  |  |  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |  | Past Due |  |  |  |  |  |  |  |  |
|  | 30-59 Days |  |  | 60-89 Days |  |  | and Still |  |  |  |  |  |  | and |  |  |  |  |  |  |  |  |
|  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Nonaccrual |  |  | Nonaccrual |  |  | Current |  |  | Total |
Commercial |  | $ | 513 |  |  | $ | 188 |  |  | $ | - |  |  | $ | 508 |  |  | $ | 1,209 |  |  | $ | 161,288 |  |  | $ | 162,497 |
Agricultural |  |  | - |  |  |  | 341 |  |  |  | - |  |  |  | 10,540 |  |  |  | 10,881 |  |  |  | 143,485 |  |  |  | 154,366 |
Real estate – residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 258 |  |  |  | 258 |  |  |  | 33,430 |  |  |  | 33,688 |
Real estate – commercial |  |  | 6,038 |  |  |  | - |  |  |  | - |  |  |  | 1,798 |  |  |  | 7,836 |  |  |  | 973,849 |  |  |  | 981,685 |
Real estate - construction & land |  |  | 909 |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | 909 |  |  |  | 48,146 |  |  |  | 49,055 |
Equity Lines of Credit |  |  | 1,284 |  |  |  | 321 |  |  |  | - |  |  |  | 1,090 |  |  |  | 2,695 |  |  |  | 51,519 |  |  |  | 54,214 |
Auto |  |  | 1,216 |  |  |  | 70 |  |  |  | - |  |  |  | 823 |  |  |  | 2,109 |  |  |  | 43,545 |  |  |  | 45,654 |
Other |  |  | 69 |  |  |  | 44 |  |  |  | - |  |  |  | 12 |  |  |  | 125 |  |  |  | 18,695 |  |  |  | 18,820 |
Total |  | $ | 10,029 |  |  | $ | 964 |  |  | $ | - |  |  | $ | 15,029 |  |  | $ | 26,022 |  |  | $ | 1,473,957 |  |  | $ | 1,499,979 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |  |  |  |  |  |  |  |  |
December 31, 2024 |  |  |  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |  | Past Due |  |  |  |  |  |  |  |  |
|  | 30-59 Days |  |  | 60-89 Days |  |  | and Still |  |  |  |  |  |  | and |  |  |  |  |  |  |  |  |
|  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Nonaccrual |  |  | Nonaccrual |  |  | Current |  |  | Total |
Commercial |  | $ | 1,074 |  |  | $ | 533 |  |  | $ | - |  |  | $ | 355 |  |  | $ | 1,962 |  |  | $ | 76,232 |  |  | $ | 78,194 |
Agricultural |  |  | 273 |  |  |  | - |  |  |  | - |  |  |  | 567 |  |  |  | 840 |  |  |  | 118,270 |  |  |  | 119,110 |
Real estate – residential |  |  | 348 |  |  |  | 319 |  |  |  | - |  |  |  | 83 |  |  |  | 750 |  |  |  | 10,818 |  |  |  | 11,568 |
Real estate - commercial |  |  | 1,954 |  |  |  | 82 |  |  |  | - |  |  |  | 1,579 |  |  |  | 3,615 |  |  |  | 643,336 |  |  |  | 646,951 |
Real estate - construction & land |  |  | 2,133 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,133 |  |  |  | 51,152 |  |  |  | 53,285 |
Equity Lines of Credit |  |  | 1,416 |  |  |  | 189 |  |  |  | - |  |  |  | 650 |  |  |  | 2,255 |  |  |  | 36,500 |  |  |  | 38,755 |
Auto |  |  | 1,251 |  |  |  | 242 |  |  |  | - |  |  |  | 792 |  |  |  | 2,285 |  |  |  | 63,299 |  |  |  | 65,584 |
Other |  |  | 72 |  |  |  | 7 |  |  |  | - |  |  |  | 79 |  |  |  | 158 |  |  |  | 4,966 |  |  |  | 5,124 |
Total |  | $ | 8,521 |  |  | $ | 1,372 |  |  | $ | - |  |  | $ | 4,105 |  |  | $ | 13,998 |  |  | $ | 1,004,573 |  |  | $ | 1,018,571 |
The following tables present the amortized cost basis of collateral dependent loans by class of loans at September 30, 2025 in thousands:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Commercial -1st |  |  | SFR-1st |  |  | SFR-2nd |  |  |  |  |  |  |  |  |
|  | Equipment |  |  | Crops |  |  | Livestock |  |  | Farmland |  |  | Deed |  |  | Deed |  |  | Deed |  |  | Land |  |  | Total |
Commercial |  | $ | 60 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 170 |  |  | $ | - |  |  | $ | - |  |  | $ | 230 |
Agricultural |  |  | - |  |  |  | 4,872 |  |  |  | 225 |  |  |  | 2,307 |  |  |  | 2,241 |  |  |  | 336 |  |  |  | - |  |  |  | 454 |  |  |  | 10,435 |
Real estate – residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 151 |  |  |  | - |  |  |  | - |  |  |  | 151 |
Real estate – commercial |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,420 |  |  |  | 30 |  |  |  | 119 |  |  |  | - |  |  |  | 1,569 |
Equity Lines of Credit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | 405 |  |  |  | - |  |  |  | 405 |
Total |  | $ | 60 |  |  | $ | 4,872 |  |  | $ | 225 |  |  | $ | 2,307 |  |  | $ | 3,661 |  |  | $ | 687 |  |  | $ | 524 |  |  | $ | 454 |  |  | $ | 12,790 |
The following tables present the amortized cost basis of collateral dependent loans by class of loans at December 31, 2024 in thousands:
|  |  |  |  |  |  |  |  |  | Commercial -1st |  |  | SFR-1st |  |  | SFR-2nd |  |  | SFR-3rd |  |  |  |  |
|  | Equipment |  |  | Crops |  |  | Deed |  |  | Deed |  |  | Deed |  |  | Deed |  |  | Total |
Commercial |  | $ | 245 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 245 |
Agricultural |  |  | - |  |  |  | 535 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 535 |
Real estate – residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Real estate – commercial |  |  | - |  |  |  | - |  |  |  | 739 |  |  |  | 53 |  |  |  | 652 |  |  |  | 50 |  |  |  | 1,494 |
Real estate - construction & land |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Equity Lines of Credit |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | 173 |  |  |  | - |  |  |  | 173 |
Total |  | $ | 245 |  |  | $ | 535 |  |  | $ | 739 |  |  | $ | 53 |  |  | $ | 825 |  |  | $ | 50 |  |  | $ | 2,447 |

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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