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Note 7 - Loans Receivable and Credit Disclosures | 3 Months Ended
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Mar. 31, 2021
Notes to Financial Statements |
Financing Receivables [Text Block] |
7. | Loans Receivable and Credit Disclosures
The composition of loans receivable as of March 31, 2021 and December 31, 2020 is as follows (in thousands):
|  | 2021 |  |  | 2020 |
Real estate - construction |  | $ | 53,335 |  |  | $ | 45,497 |
Real estate - 1 to 4 family residential |  |  | 206,993 |  |  |  | 213,562 |
Real estate - commercial |  |  | 497,155 |  |  |  | 496,357 |
Real estate - agricultural |  |  | 145,228 |  |  |  | 151,992 |
Commercial 1 |  |  | 127,440 |  |  |  | 122,535 |
Agricultural |  |  | 95,891 |  |  |  | 102,586 |
Consumer and other |  |  | 13,919 |  |  |  | 15,048 |
|  |  | 1,139,961 |  |  |  | 1,147,577 |
Less: |  |  |  |  |  |  |  |
Allowance for loan losses |  |  | (16,907 | ) |  |  | (17,215 | )
Deferred loan fees and costs, net 2 |  |  | (2,843 | ) |  |  | (857 | )
Loans receivable, net |  | $ | 1,120,211 |  |  | $ | 1,129,505 |
1 Commercial loan portfolio includes $59.2 million and $50.9 million of Paycheck Protection Program ("PPP") loans as of March 31, 2021 and December 31, 2020, respectively.
2 Deferred loan fees and costs, net includes $2.9 million and $0.9 million of net fees and costs related to the PPP loans as of March 31, 2021 and December 31, 2020, respectively.
The Paycheck Protection Program (PPP) was established by the Coronavirus Aid, Relief and Economic Security Act (CARES Act), enacted on March 27, 2020, in response to the Coronavirus Disease 2019 (COVID-19) pandemic. The PPP is administered by the Small Business Administration (SBA). PPP loans may be forgiven by the SBA and are 100 percent guaranteed by the SBA. Activity in the allowance for loan losses, on a disaggregated basis, for the three months ended March 31, 2021 and 2020 is as follows (in thousands):
|  | Three Months Ended March 31, 2021 |
|  |  |  |  |  | 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Construction |  |  | Residential |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | and Other |  |  | Total |
Balance, December 31, 2020 |  | $ | 725 |  |  | $ | 2,581 |  |  | $ | 8,930 |  |  | $ | 1,595 |  |  | $ | 1,453 |  |  | $ | 1,696 |  |  | $ | 235 |  |  | $ | 17,215 |
Provision (credit) for loan losses |  |  | 143 |  |  |  | (431 | ) |  |  | 118 |  |  |  | (97 | ) |  |  | (79 | ) |  |  | (82 | ) |  |  | 2 |  |  |  | (426 | )
Recoveries of loans charged-off |  |  | - |  |  |  | 263 |  |  |  | 1 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 4 |  |  |  | 269 |
Loans charged-off |  |  | - |  |  |  | (30 | ) |  |  | - |  |  |  | - |  |  |  | (113 | ) |  |  | - |  |  |  | (8 | ) |  |  | (151 | )
Balance, March 31, 2021 |  | $ | 868 |  |  | $ | 2,383 |  |  | $ | 9,049 |  |  | $ | 1,498 |  |  | $ | 1,262 |  |  | $ | 1,614 |  |  | $ | 233 |  |  | $ | 16,907 |
|  | Three Months Ended March 31, 2020 |
|  |  |  |  |  | 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Construction |  |  | Residential |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | and Other |  |  | Total |
Balance, December 31, 2019 |  | $ | 672 |  |  | $ | 2,122 |  |  | $ | 5,362 |  |  | $ | 1,326 |  |  | $ | 1,458 |  |  | $ | 1,478 |  |  | $ | 201 |  |  | $ | 12,619 |
Provision for loan losses |  |  | 80 |  |  |  | 214 |  |  |  | 1,220 |  |  |  | 237 |  |  |  | 212 |  |  |  | 337 |  |  |  | 16 |  |  |  | 2,316 |
Recoveries of loans charged-off |  |  | 1 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 3 |  |  |  | 7 |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | (31 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | (33 | )
Balance, March 31, 2020 |  | $ | 753 |  |  | $ | 2,336 |  |  | $ | 6,552 |  |  | $ | 1,563 |  |  | $ | 1,672 |  |  | $ | 1,815 |  |  | $ | 218 |  |  | $ | 14,909 |
Allowance for loan losses disaggregated on the basis of impairment analysis method as of March 31, 2021 and December 31, 2020 is as follows (in thousands):
2021 |  |  |  |  |  | 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Construction |  |  | Residential |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | and Other |  |  | Total |
Individually evaluated for impairment |  | $ | - |  |  | $ | 17 |  |  | $ | 1,486 |  |  | $ | - |  |  | $ | - |  |  | $ | 120 |  |  | $ | 33 |  |  | $ | 1,656 |
Collectively evaluated for impairment |  |  | 868 |  |  |  | 2,366 |  |  |  | 7,563 |  |  |  | 1,498 |  |  |  | 1,262 |  |  |  | 1,494 |  |  |  | 200 |  |  |  | 15,251 |
Balance March 31, 2021 |  | $ | 868 |  |  | $ | 2,383 |  |  | $ | 9,049 |  |  | $ | 1,498 |  |  | $ | 1,262 |  |  | $ | 1,614 |  |  | $ | 233 |  |  | $ | 16,907 |
2020 |  |  |  |  |  | 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Construction |  |  | Residential |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | and Other |  |  | Total |
Individually evaluated for impairment |  | $ | - |  |  | $ | 150 |  |  | $ | 1,486 |  |  | $ | - |  |  | $ | 115 |  |  | $ | 40 |  |  | $ | 28 |  |  | $ | 1,819 |
Collectively evaluated for impairment |  |  | 725 |  |  |  | 2,431 |  |  |  | 7,444 |  |  |  | 1,595 |  |  |  | 1,338 |  |  |  | 1,656 |  |  |  | 207 |  |  |  | 15,396 |
Balance December 31, 2020 |  | $ | 725 |  |  | $ | 2,581 |  |  | $ | 8,930 |  |  | $ | 1,595 |  |  | $ | 1,453 |  |  | $ | 1,696 |  |  | $ | 235 |  |  | $ | 17,215 |
Loans receivable disaggregated on the basis of impairment analysis method as of March 31, 2021 and December 31, 2020 is as follows (in thousands):
2021 |  |  |  |  |  | 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Construction |  |  | Residential |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | and Other |  |  | Total |
Individually evaluated for impairment |  | $ | 167 |  |  | $ | 399 |  |  | $ | 10,157 |  |  | $ | 1,091 |  |  | $ | 817 |  |  | $ | 747 |  |  | $ | 46 |  |  | $ | 13,424 |
Collectively evaluated for impairment |  |  | 53,168 |  |  |  | 206,594 |  |  |  | 486,998 |  |  |  | 144,137 |  |  |  | 126,623 |  |  |  | 95,144 |  |  |  | 13,873 |  |  |  | 1,126,537 |
Balance March 31, 2021 |  | $ | 53,335 |  |  | $ | 206,993 |  |  | $ | 497,155 |  |  | $ | 145,228 |  |  | $ | 127,440 |  |  | $ | 95,891 |  |  | $ | 13,919 |  |  | $ | 1,139,961 |
2020 |  |  |  |  |  | 1-4 Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Construction |  |  | Residential |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | and Other |  |  | Total |
Individually evaluated for impairment |  | $ | 167 |  |  | $ | 1,340 |  |  | $ | 10,258 |  |  | $ | 1,664 |  |  | $ | 940 |  |  | $ | 859 |  |  | $ | 45 |  |  | $ | 15,273 |
Collectively evaluated for impairment |  |  | 45,330 |  |  |  | 212,222 |  |  |  | 486,099 |  |  |  | 150,328 |  |  |  | 121,595 |  |  |  | 101,727 |  |  |  | 15,003 |  |  |  | 1,132,304 |
Balance December 31, 2020 |  | $ | 45,497 |  |  | $ | 213,562 |  |  | $ | 496,357 |  |  | $ | 151,992 |  |  | $ | 122,535 |  |  | $ | 102,586 |  |  | $ | 15,048 |  |  | $ | 1,147,577 |
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payment of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. The Company applies its normal loan review procedures to identify loans that should be evaluated for impairment. Impaired loans, on a disaggregated basis, as of March 31, 2021 and December 31, 2020 (in thousands):
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Unpaid |  |  |  |  |  |  |  |  |  |  | Unpaid |  |  |  |  |
|  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | Principal |  |  | Related |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Balance |  |  | Allowance |
With no specific reserve recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate - construction |  | $ | 167 |  |  | $ | 167 |  |  | $ | - |  |  | $ | 167 |  |  | $ | 167 |  |  | $ | - |
Real estate - 1 to 4 family residential |  |  | 306 |  |  |  | 360 |  |  |  | - |  |  |  | 416 |  |  |  | 475 |  |  |  | - |
Real estate - commercial |  |  | 141 |  |  |  | 168 |  |  |  | - |  |  |  | 242 |  |  |  | 578 |  |  |  | - |
Real estate - agricultural |  |  | 1,091 |  |  |  | 1,140 |  |  |  | - |  |  |  | 1,664 |  |  |  | 1,698 |  |  |  | - |
Commercial |  |  | 817 |  |  |  | 1,560 |  |  |  | - |  |  |  | 274 |  |  |  | 318 |  |  |  | - |
Agricultural |  |  | 343 |  |  |  | 533 |  |  |  | - |  |  |  | 377 |  |  |  | 542 |  |  |  | - |
Consumer and other |  |  | 4 |  |  |  | 5 |  |  |  | - |  |  |  | 8 |  |  |  | 10 |  |  |  | - |
Total loans with no specific reserve: |  |  | 2,869 |  |  |  | 3,933 |  |  |  | - |  |  |  | 3,148 |  |  |  | 3,788 |  |  |  | - |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate - construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Real estate - 1 to 4 family residential |  |  | 93 |  |  |  | 98 |  |  |  | 17 |  |  |  | 924 |  |  |  | 1,278 |  |  |  | 150 |
Real estate - commercial |  |  | 10,016 |  |  |  | 10,157 |  |  |  | 1,486 |  |  |  | 10,016 |  |  |  | 10,157 |  |  |  | 1,486 |
Real estate - agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 666 |  |  |  | 1,247 |  |  |  | 115 |
Agricultural |  |  | 404 |  |  |  | 411 |  |  |  | 120 |  |  |  | 482 |  |  |  | 484 |  |  |  | 40 |
Consumer and other |  |  | 42 |  |  |  | 44 |  |  |  | 33 |  |  |  | 37 |  |  |  | 39 |  |  |  | 28 |
Total loans with specific reserve: |  |  | 10,555 |  |  |  | 10,710 |  |  |  | 1,656 |  |  |  | 12,125 |  |  |  | 13,205 |  |  |  | 1,819 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate - construction |  |  | 167 |  |  |  | 167 |  |  |  | - |  |  |  | 167 |  |  |  | 167 |  |  |  | - |
Real estate - 1 to 4 family residential |  |  | 399 |  |  |  | 458 |  |  |  | 17 |  |  |  | 1,340 |  |  |  | 1,753 |  |  |  | 150 |
Real estate - commercial |  |  | 10,157 |  |  |  | 10,325 |  |  |  | 1,486 |  |  |  | 10,258 |  |  |  | 10,735 |  |  |  | 1,486 |
Real estate - agricultural |  |  | 1,091 |  |  |  | 1,140 |  |  |  | - |  |  |  | 1,664 |  |  |  | 1,698 |  |  |  | - |
Commercial |  |  | 817 |  |  |  | 1,560 |  |  |  | - |  |  |  | 940 |  |  |  | 1,565 |  |  |  | 115 |
Agricultural |  |  | 747 |  |  |  | 944 |  |  |  | 120 |  |  |  | 859 |  |  |  | 1,026 |  |  |  | 40 |
Consumer and other |  |  | 46 |  |  |  | 49 |  |  |  | 33 |  |  |  | 45 |  |  |  | 49 |  |  |  | 28 |
|  | $ | 13,424 |  |  | $ | 14,643 |  |  | $ | 1,656 |  |  | $ | 15,273 |  |  | $ | 16,993 |  |  | $ | 1,819 |
Average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2021 and 2020 (in thousands):
|  | Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
|  | Average |  |  | Interest |  |  | Average |  |  | Interest |
|  | Recorded |  |  | Income |  |  | Recorded |  |  | Income |
|  | Investment |  |  | Recognized |  |  | Investment |  |  | Recognized |
With no specific reserve recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate - construction |  | $ | 167 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Real estate - 1 to 4 family residential |  |  | 361 |  |  |  | - |  |  |  | 283 |  |  |  | - |
Real estate - commercial |  |  | 192 |  |  |  | 297 |  |  |  | 5,351 |  |  |  | - |
Real estate - agricultural |  |  | 1,378 |  |  |  | 25 |  |  |  | 439 |  |  |  | 6 |
Commercial |  |  | 546 |  |  |  | - |  |  |  | 437 |  |  |  | - |
Agricultural |  |  | 360 |  |  |  | 13 |  |  |  | 2,979 |  |  |  | - |
Consumer and other |  |  | 6 |  |  |  | - |  |  |  | 44 |  |  |  | - |
Total loans with no specific reserve: |  |  | 3,010 |  |  |  | 335 |  |  |  | 9,533 |  |  |  | 6 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate - construction |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Real estate - 1 to 4 family residential |  |  | 509 |  |  |  | - |  |  |  | 919 |  |  |  | - |
Real estate - commercial |  |  | 10,016 |  |  |  | - |  |  |  | 488 |  |  |  | - |
Real estate - agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial |  |  | 333 |  |  |  | - |  |  |  | 84 |  |  |  | - |
Agricultural |  |  | 443 |  |  |  | - |  |  |  | 228 |  |  |  | - |
Consumer and other |  |  | 40 |  |  |  | - |  |  |  | - |  |  |  | - |
Total loans with specific reserve: |  |  | 11,341 |  |  |  | - |  |  |  | 1,719 |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate - construction |  |  | 167 |  |  |  | - |  |  |  | - |  |  |  | - |
Real estate - 1 to 4 family residential |  |  | 870 |  |  |  | - |  |  |  | 1,202 |  |  |  | - |
Real estate - commercial |  |  | 10,208 |  |  |  | 297 |  |  |  | 5,839 |  |  |  | - |
Real estate - agricultural |  |  | 1,378 |  |  |  | 25 |  |  |  | 439 |  |  |  | 6 |
Commercial |  |  | 879 |  |  |  | - |  |  |  | 521 |  |  |  | - |
Agricultural |  |  | 803 |  |  |  | 13 |  |  |  | 3,207 |  |  |  | - |
Consumer and other |  |  | 46 |  |  |  | - |  |  |  | 44 |  |  |  | - |
|  | $ | 14,351 |  |  | $ | 335 |  |  | $ | 11,252 |  |  | $ | 6 |
The interest foregone on nonaccrual loans for the three months ended March 31, 2021 and 2020 was approximately $199 thousand and $189 thousand, respectively. Nonaccrual loans at March 31, 2021 and December 31, 2020 were $13.4 million and $15.3 million, respectively. The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $10.5 million as of March 31, 2021, all of which were included in impaired and nonaccrual loans. The Company had TDRs of $11.3 million as of December 31, 2020, all of which were included in impaired and nonaccrual loans. The Company’s TDR, on a disaggregated basis, occurring in the three months ended March 31, 2021 and 2020, is as follows (dollars in thousands):
|  | Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Pre-Modification |  |  | Post-Modification |  |  |  |  |  |  | Pre-Modification |  |  | Post-Modification |
|  |  |  |  |  | Outstanding |  |  | Outstanding |  |  |  |  |  |  | Outstanding |  |  | Outstanding |
|  | Number of |  |  | Recorded |  |  | Recorded |  |  | Number of |  |  | Recorded |  |  | Recorded |
|  | Contracts |  |  | Investment |  |  | Investment |  |  | Contracts |  |  | Investment |  |  | Investment |
Real estate - construction |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  | $ | - |
Real estate - 1 to 4 family residential |  |  | 2 |  |  |  | 153 |  |  |  | 153 |  |  |  | - |  |  |  | - |  |  |  | - |
Real estate - commercial |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 184 |  |  |  | 184 |
Real estate - agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial |  |  | 1 |  |  |  | 58 |  |  |  | 58 |  |  |  | 1 |  |  |  | 61 |  |  |  | 61 |
Agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consumer and other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 3 |  |  | $ | 211 |  |  | $ | 211 |  |  |  | 2 |  |  | $ | 245 |  |  | $ | 245 |
During the three months ended March 31, 2021, the Company granted concessions to two borrowers facing financial difficulties which were unrelated to COVID-19. The loans were restructured for an extended maturity without principal reductions or an amortization period longer than a typical loan. During the three months ended March 31, 2020, the Company granted concessions to two related borrowers in the hospitality industry that are facing financial difficulties. One loan was secured by commercial real estate and the second loan was secured by a commercial operating note. Payments on these loans were deferred for six months and the interest rate was reduced below the market interest rate. There were no TDR loans that were modified during the three months ended March 31, 2021 and twelve months ended March 31, 2021 that had payment defaults. The Company considers TDR loans to have payment default when it is past due 60 days or more. There were $262 thousand of net recoveries and $16 thousand of net charge-offs related to TDRs for the three months ended March 31, 2021 and 2020, respectively. No additional specific reserve was provided for the three months ended March 31, 2021 and March 31, 2020. Section 4013 of the CARES Act, “Temporary Relief From TDRs,” allows financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to TDRs for a limited period of time during the COVID-19 pandemic. This temporary suspension may only be applied to modifications of loans that were not more than 30 days past due as of December 31, 2019 and may not be applied to modifications that are not related to the COVID-19 pandemic. If elected, the temporary suspension may be applied to eligible modifications executed during the period beginning on March 1, 2020 and ending on the earlier of December 31, 2020, extended to January 1, 2022 under the Coronavirus Response and Relief Supplemental Appropriations Act, or 60 days after the termination of the COVID-19 national emergency. In March 2020, federal banking regulators in consultation with the FASB issued interagency statements that include similar guidance on loan modifications and reporting for financial institutions working with customers affected by COVID-19. The interagency statement provided that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. As of March 31, 2021, the Company had five COVID-19 related loan modifications still in the modification period with a total outstanding principal balance of $15.4 million. Modified loans continue to accrue interest and are evaluated for past due status based on the revised payment terms. An aging analysis of the recorded investments in loans, on a disaggregated basis, as of March 31, 2021 and December 31, 2020, is as follows (in thousands):
2021 |  |  |  |  |  | 90 Days |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90 Days |
|  | 30-89 |  |  | or Greater |  |  | Total |  |  |  |  |  |  |  |  |  |  | or Greater |
|  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Current |  |  | Total |  |  | Accruing |
Real estate - construction |  | $ | 26 |  |  | $ | 167 |  |  | $ | 193 |  |  | $ | 53,142 |  |  | $ | 53,335 |  |  | $ | - |
Real estate - 1 to 4 family residential |  |  | 1,223 |  |  |  | 104 |  |  |  | 1,327 |  |  |  | 205,666 |  |  |  | 206,993 |  |  |  | 5 |
Real estate - commercial |  |  | 117 |  |  |  | - |  |  |  | 117 |  |  |  | 497,038 |  |  |  | 497,155 |  |  |  | - |
Real estate - agricultural |  |  | 622 |  |  |  | 592 |  |  |  | 1,214 |  |  |  | 144,014 |  |  |  | 145,228 |  |  |  | - |
Commercial |  |  | 203 |  |  |  | 552 |  |  |  | 755 |  |  |  | 126,685 |  |  |  | 127,440 |  |  |  | - |
Agricultural |  |  | 158 |  |  |  | 382 |  |  |  | 540 |  |  |  | 95,351 |  |  |  | 95,891 |  |  |  | - |
Consumer and other |  |  | 9 |  |  |  | 18 |  |  |  | 27 |  |  |  | 13,892 |  |  |  | 13,919 |  |  |  | - |
|  | $ | 2,358 |  |  | $ | 1,815 |  |  | $ | 4,173 |  |  | $ | 1,135,788 |  |  | $ | 1,139,961 |  |  | $ | 5 |
2020 |  |  |  |  |  | 90 Days |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90 Days |
|  | 30-89 |  |  | or Greater |  |  | Total |  |  |  |  |  |  |  |  |  |  | or Greater |
|  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Current |  |  | Total |  |  | Accruing |
Real estate - construction |  | $ | 169 |  |  | $ | 167 |  |  | $ | 336 |  |  | $ | 45,161 |  |  | $ | 45,497 |  |  | $ | - |
Real estate - 1 to 4 family residential |  |  | 1,523 |  |  |  | 176 |  |  |  | 1,699 |  |  |  | 211,863 |  |  |  | 213,562 |  |  |  | 6 |
Real estate - commercial |  |  | 152 |  |  |  | 56 |  |  |  | 208 |  |  |  | 496,149 |  |  |  | 496,357 |  |  |  | - |
Real estate - agricultural |  |  | 574 |  |  |  | 1,618 |  |  |  | 2,192 |  |  |  | 149,800 |  |  |  | 151,992 |  |  |  | - |
Commercial |  |  | 283 |  |  |  | 3 |  |  |  | 286 |  |  |  | 122,249 |  |  |  | 122,535 |  |  |  | 3 |
Agricultural |  |  | 79 |  |  |  | 458 |  |  |  | 537 |  |  |  | 102,049 |  |  |  | 102,586 |  |  |  | 30 |
Consumer and other |  |  | 18 |  |  |  | 16 |  |  |  | 34 |  |  |  | 15,014 |  |  |  | 15,048 |  |  |  | - |
|  | $ | 2,798 |  |  | $ | 2,494 |  |  | $ | 5,292 |  |  | $ | 1,142,285 |  |  | $ | 1,147,577 |  |  | $ | 39 |
The credit risk profile by internally assigned grade, on a disaggregated basis, as of March 31, 2021 and December 31, 2020 is as follows (in thousands):
2021 |  | Construction |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | Total |
Pass |  | $ | 48,042 |  |  | $ | 352,434 |  |  | $ | 112,595 |  |  | $ | 109,898 |  |  | $ | 77,925 |  |  | $ | 700,894 |
Watch |  |  | 3,773 |  |  |  | 84,589 |  |  |  | 25,420 |  |  |  | 13,057 |  |  |  | 16,316 |  |  |  | 143,155 |
Special Mention |  |  | 1,353 |  |  |  | 22,396 |  |  |  | 173 |  |  |  | 42 |  |  |  | - |  |  |  | 23,964 |
Substandard |  |  | - |  |  |  | 27,579 |  |  |  | 5,949 |  |  |  | 3,626 |  |  |  | 903 |  |  |  | 38,057 |
Substandard-Impaired |  |  | 167 |  |  |  | 10,157 |  |  |  | 1,091 |  |  |  | 817 |  |  |  | 747 |  |  |  | 12,979 |
|  | $ | 53,335 |  |  | $ | 497,155 |  |  | $ | 145,228 |  |  | $ | 127,440 |  |  | $ | 95,891 |  |  | $ | 919,049 |
2020 |  | Construction |  |  | Commercial |  |  | Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Real Estate |  |  | Real Estate |  |  | Real Estate |  |  | Commercial |  |  | Agricultural |  |  | Total |
Pass |  | $ | 39,980 |  |  | $ | 346,591 |  |  | $ | 110,925 |  |  | $ | 101,858 |  |  | $ | 80,075 |  |  | $ | 679,429 |
Watch |  |  | 5,350 |  |  |  | 88,113 |  |  |  | 33,144 |  |  |  | 15,897 |  |  |  | 20,793 |  |  |  | 163,297 |
Special Mention |  |  | - |  |  |  | 23,753 |  |  |  | 175 |  |  |  | 52 |  |  |  | - |  |  |  | 23,980 |
Substandard |  |  | - |  |  |  | 27,642 |  |  |  | 6,084 |  |  |  | 3,788 |  |  |  | 859 |  |  |  | 38,373 |
Substandard-Impaired |  |  | 167 |  |  |  | 10,258 |  |  |  | 1,664 |  |  |  | 940 |  |  |  | 859 |  |  |  | 13,888 |
|  | $ | 45,497 |  |  | $ | 496,357 |  |  | $ | 151,992 |  |  | $ | 122,535 |  |  | $ | 102,586 |  |  | $ | 918,967 |
The credit risk profile based on payment activity, on a disaggregated basis, as of March 31, 2021 and December 31, 2020 is as follows (in thousands):
2021 |  | 1-4 Family |  |  |  |  |  |  |  |  |
|  | Residential |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | and Other |  |  | Total |
Performing |  | $ | 206,587 |  |  | $ | 13,873 |  |  | $ | 220,460 |
Non-performing |  |  | 406 |  |  |  | 46 |  |  |  | 452 |
|  | $ | 206,993 |  |  | $ | 13,919 |  |  | $ | 220,912 |
2020 |  | 1-4 Family |  |  |  |  |  |  |  |  |
|  | Residential |  |  | Consumer |  |  |  |  |
|  | Real Estate |  |  | and Other |  |  | Total |
Performing |  | $ | 212,282 |  |  | $ | 15,003 |  |  | $ | 227,285 |
Non-performing |  |  | 1,280 |  |  |  | 45 |  |  |  | 1,325 |
|  | $ | 213,562 |  |  | $ | 15,048 |  |  | $ | 228,610 |

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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