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Note 7 - Loans Receivable and Credit Disclosures

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Financing Receivables [Text Block]

7.	Loans Receivable and Credit Disclosures

The composition of loans receivable as of September 30, 2023 and December 31, 2022 is as follows (in thousands):

		2023				2022

Real estate - construction		$	64,734			$	51,253
Real estate - 1 to 4 family residential			280,443				285,107
Real estate - multi-family			193,197				185,784
Real estate - commercial			345,647				353,285
Real estate - agricultural			161,963				159,448
Commercial			87,004				77,265
Agricultural			98,820				113,355
Consumer and other			16,300				16,211
			1,248,108				1,241,708
Unallocated portfolio layer basis adjustments¹			(97	)			-
Less allowance for credit losses			(16,118	)			(15,697	)
Loans receivable, net		$	1,231,893			$	1,226,011

¹ This amount represents portfolio layer method basis adjustments related to loans hedged in a closed portfolio. Under the portfolio layer method basis adjustments are not allocated to individual loans, however, the amounts impact the net loan balance. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was de-designated. See Note 11 (“Derivative Financial Instruments”) for additional information.

On January 1, 2023, the Company adopted ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326)," and results for reporting periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. Additionally, the Company reclassified its loan categories to breakout multi-family real estate from commercial real estate and all prior periods have been adjusted.

Activity in the allowance for credit losses, on a disaggregated basis, for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands):

		Three Months Ended September 30, 2023
						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Balance, June 30, 2023		$	412			$	3,357			$	2,524			$	5,033			$	1,214			$	2,014			$	1,358			$	407			$	16,319
Credit loss expense (benefit) ¹			4				(100	)			(29	)			(35	)			15				(142	)			40				42				(205	)
Recoveries of loans charged-off			-				1				-				-				-				2				-				1				4
Loans charged-off			-				-				-				-				-				-				-				-				-
Balance, September 30, 2023		$	416			$	3,258			$	2,495			$	4,998			$	1,229			$	1,874			$	1,398			$	450			$	16,118

(1) The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss benefit of $69 thousand related to off-balance sheet credit exposures.

		Nine Months Ended September 30, 2023
						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Balance, December 31, 2022		$	730			$	3,028			$	2,493			$	4,742			$	1,625			$	1,153			$	1,705			$	221			$	15,697
Impact of adopting ASC 326			(395	)			242				(24	)			513				(398	)			449				(61	)			192				518
Credit loss expense (benefit) ¹			81				(15	)			26				(262	)			2				301				(82	)			29				80
Recoveries of loans charged-off			-				3				-				5				-				8				-				8				24
Loans charged-off			-				-				-				-				-				(37	)			(164	)			-				(201	)
Balance, September 30, 2023		$	416			$	3,258			$	2,495			$	4,998			$	1,229			$	1,874			$	1,398			$	450			$	16,118

(1) The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss benefit of $46 thousand related to off-balance sheet credit exposures.

		Three Months Ended September 30, 2022
						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Balance, June 30, 2022		$	606			$	2,920			$	2,517			$	5,843			$	1,692			$	1,125			$	1,484			$	233			$	16,420
Credit loss expense (benefit)			(2	)			83				(207	)			(285	)			(94	)			(25	)			24				(14	)			(520	)
Recoveries of loans charged-off			-				4				-				1				-				1				-				-				6
Loans charged-off			-				-				-				-				-				(2	)			(7	)			-				(9	)
Balance, September 30, 2022		$	604			$	3,007			$	2,310			$	5,559			$	1,598			$	1,099			$	1,501			$	219			$	15,897

		Nine Months Ended September 30, 2022
						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Balance, December 31, 2021		$	675			$	2,752			$	2,501			$	5,905			$	1,584			$	1,170			$	1,836			$	198			$	16,621
Credit loss expense (benefit)			(71	)			257				(191	)			(348	)			14				(72	)			(328	)			33				(706	)
Recoveries of loans charged-off			-				8				-				2				-				3				-				4				17
Loans charged-off			-				(10	)			-				-				-				(2	)			(7	)			(16	)			(35	)
Balance, September 30, 2022		$	604			$	3,007			$	2,310			$	5,559			$	1,598			$	1,099			$	1,501			$	219			$	15,897

The following table shows the balance in the allowance for credit losses at September 30, 2023, and December 31, 2022, disaggregated on the basis of measurement methodology (in thousands). As of September 30, 2023, loans individually assessed are collateral dependent and in the process of foreclosure or no longer share the same risk characteristics of the other loans in the pool. All other loans are collectively evaluated for losses. Loans individually evaluated were considered impaired at December 31, 2022.

2023						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Individually evaluated for credit losses		$	-			$	81			$	-			$	-			$	-			$	95			$	53			$	14			$	243
Collectively evaluated for credit losses			416				3,177				2,495				4,998				1,229				1,779				1,345				436				15,875
Balance September 30, 2023		$	416			$	3,258			$	2,495			$	4,998			$	1,229			$	1,874			$	1,398			$	450			$	16,118

2022						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Individually evaluated for credit losses		$	-			$	10			$	-			$	-			$	-			$	-			$	68			$	17			$	95
Collectively evaluated for credit losses			730				3,018				2,493				4,742				1,625				1,153				1,637				204				15,602
Balance December 31, 2022		$	730			$	3,028			$	2,493			$	4,742			$	1,625			$	1,153			$	1,705			$	221			$	15,697

The following table shows the loans receivable balance at September 30, 2023, and December 31, 2022, disaggregated on the basis of measurement methodology (in thousands). As of September 30, 2023, loans individually assessed are collateral dependent and in the process of foreclosure or no longer share the same risk characteristics of the other loans in the pool. All other loans are collectively evaluated for losses. Loans individually evaluated were considered impaired at December 31, 2022.

2023						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Individually evaluated for credit losses		$	-			$	990			$	2,948			$	9,177			$	478			$	272			$	726			$	14			$	14,605
Collectively evaluated for credit losses			64,734				279,453				190,249				336,470				161,485				86,732				98,094				16,286				1,233,503

Balance September 30, 2023		$	64,734			$	280,443			$	193,197			$	345,647			$	161,963			$	87,004			$	98,820			$	16,300			$	1,248,108

2022						1-4 Family
		Construction				Residential				Multi-family				Commercial				Agricultural												Consumer
		Real Estate				Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				and Other				Total
Individually evaluated for credit losses		$	-			$	805			$	-			$	12,853			$	165			$	200			$	342			$	21			$	14,386
Collectively evaluated for credit losses			51,253				284,302				185,784				340,432				159,283				77,065				113,013				16,190				1,227,322

Balance December 31, 2022		$	51,253			$	285,107			$	185,784			$	353,285			$	159,448			$	77,265			$	113,355			$	16,211			$	1,241,708

The following table presents the amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans (in thousands):

		Primary Type of Collateral
September 30, 2023		Real Estate				Equipment				Other				Total				ACL Allocation

Real estate - construction		$	-			$	-			$	-			$	-			$	-
Real estate - 1 to 4 family residential			990				-				-				990				81
Real estate - multi-family			2,948				-				-				2,948				-
Real estate - commercial			9,195				-				-				9,195				-
Real estate - agricultural			478				-				-				478				-
Commercial			120				-				98				218				95
Agricultural			245				39				442				726				53
Consumer and other			-				-				-				-				-

		$	13,976			$	39			$	540			$	14,555			$	229

Pre-ASC 326 (CECL) adoption impaired loan information as of December 31, 2022 (in thousands):

		2022
						Unpaid
		Recorded				Principal				Related
		Investment				Balance				Allowance
With no specific reserve recorded:
Real estate - construction		$	-			$	-			$	-
Real estate - 1 to 4 family residential			687				721				-
Real estate - multi-family			-				-				-
Real estate - commercial			12,853				13,578				-
Real estate - agricultural			165				194				-
Commercial			200				249				-
Agricultural			78				88				-
Consumer and other			4				7				-
Total loans with no specific reserve:			13,987				14,837				-

With an allowance recorded:
Real estate - construction			-				-				-
Real estate - 1 to 4 family residential			118				123				10
Real estate - multi-family			-				-				-
Real estate - commercial			-				-				-
Real estate - agricultural			-				-				-
Commercial			-				-				-
Agricultural			264				294				68
Consumer and other			17				19				17
Total loans with specific reserve:			399				436				95

Total
Real estate - construction			-				-				-
Real estate - 1 to 4 family residential			805				844				10
Real estate - multi-family			-				-				-
Real estate - commercial			12,853				13,578				-
Real estate - agricultural			165				194				-
Commercial			200				249				-
Agricultural			342				382				68
Consumer and other			21				26				17

		$	14,386			$	15,273			$	95

Average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2022 (in thousands):

		Three Months Ended								Nine Months Ended
		September 30, 2022								September 30, 2022
		Average				Interest				Average				Interest
		Recorded				Income				Recorded				Income
		Investment				Recognized				Investment				Recognized
With no specific reserve recorded:
Real estate - construction		$	-			$	-			$	-			$	-
Real estate - 1 to 4 family residential			781				39				722				55
Real estate - multi-family			-				-				-				-
Real estate - commercial			1,929				-				1,026				-
Real estate - agricultural			170				-				357				14
Commercial			242				-				234				5
Agricultural			39				-				164				-
Consumer and other			6				-				5				-
Total loans with no specific reserve:			3,167				39				2,508				74

With an allowance recorded:
Real estate - construction			-				-				-				-
Real estate - 1 to 4 family residential			98				-				206				1
Real estate - multi-family			-				-				-				-
Real estate - commercial			9,500				-				9,584				-
Real estate - agricultural			-				-				-				-
Commercial			17				1				43				1
Agricultural			286				-				299				-
Consumer and other			19				-				20				-
Total loans with specific reserve:			9,920				1				10,152				2

Total
Real estate - construction			-				-				-				-
Real estate - 1 to 4 family residential			879				39				928				56
Real estate - multi-family			-				-				-				-
Real estate - commercial			11,429				-				10,610				-
Real estate - agricultural			170				-				357				14
Commercial			259				1				277				6
Agricultural			325				-				463				-
Consumer and other			25				-				25				-

		$	13,087			$	40			$	12,660			$	76

The interest foregone on nonaccrual loans for the three months ended September 30, 2023 and 2022 was approximately $224 thousand. The interest foregone on nonaccrual loans for the nine months ended September 30, 2023 and 2022 was approximately $569 thousand and $535 thousand, respectively.

Nonaccrual loans at September 30, 2023 and December 31, 2022 were $14.6 million and $14.7 million, respectively.

The Company made three loan modifications to borrowers experiencing financial difficulty for the nine months ended September 30, 2023.

The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted (in thousands):

Loan Modifications Made to Borrowers Experiencing Financial Difficulty

		Term Extension
		Amortized Cost Basis at				% of Total Class of
		September 30, 2023				Financing Receivable
Loan Type
Agricultural		$	415				0.4	%

The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty:

Term Extension
Loan Type		Financial Effect

Agricultural		Added a weighted-average 7.7 years to the life of loans, which reduced monthly payment amounts for the borrowers

There were no loan modifications made to borrowers experiencing financial difficulty for which there was a payment default within twelve months following the modification as of September 30, 2023. A loan is considered to be in payment default once it is 60 days contractually past due under the modified terms.

The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $10.7 million as of December 31, 2022, all of which were included in impaired and nonaccrual loans.

During the three and nine months ended September 30, 2022, the Company did not grant any concessions to borrowers facing financial difficulties.

There were no TDR loans that had payment defaults during the twelve months ended September 30, 2023. The Company considers TDR loans to have payment default when it is past due 60 days or more.

There were no net charge-offs related to TDRs for the three and nine months ended September 30, 2022. No additional specific reserve was provided for the three and nine months ended September 30, 2022.

An aging analysis of the recorded investments in loans, on a disaggregated basis, as of September 30, 2023 and December 31, 2022, is as follows (in thousands):

2023						90 Days																90 Days
		30-89				or Greater				Total												or Greater
		Past Due				Past Due				Past Due				Current				Total				Accruing

Real estate - construction		$	-			$	66			$	66			$	64,668			$	64,734			$	66
Real estate - 1 to 4 family residential			1,004				218				1,222				279,221				280,443				70
Real estate - multi-family			1,290				-				1,290				191,907				193,197				-
Real estate - commercial			226				-				226				345,421				345,647				-
Real estate - agricultural			196				-				196				161,767				161,963				-
Commercial			471				3				474				86,530				87,004				-
Agricultural			30				599				629				98,191				98,820				599
Consumer and other			43				-				43				16,257				16,300				-

		$	3,260			$	886			$	4,146			$	1,243,962			$	1,248,108			$	735

2022						90 Days																90 Days
		30-89				or Greater				Total												or Greater
		Past Due				Past Due				Past Due				Current				Total				Accruing

Real estate - construction		$	66			$	-			$	66			$	51,187			$	51,253			$	-
Real estate - 1 to 4 family residential			944				11				955				284,152				285,107				-
Real estate - multi-family			-				-				-				185,784				185,784				-
Real estate - commercial			2,362				1,399				3,761				349,524				353,285				-
Real estate - agricultural			185				-				185				159,263				159,448				-
Commercial			592				7				599				76,666				77,265				-
Agricultural			218				30				248				113,107				113,355				-
Consumer and other			37				4				41				16,170				16,211				-

		$	4,404			$	1,451			$	5,855			$	1,235,853			$	1,241,708			$	-

Credit Quality Indicators. As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to (i) the risk ratings of loans, (ii) the level of classified loans, (iii) net charge-offs, (iv) non-performing loans and (v) the general economic conditions in our market areas.

The Company utilizes a risk rating matrix to assign risk ratings to each of its loans. Loans are rated on a scale of 1 to 7. A description of the general characteristics of the risk ratings is as follows:

Ratings 1, 2 and 3 - These ratings include “Pass” loans of average to excellent credit quality borrowers. These borrowers generally have significant capital strength, moderate leverage and stable earnings and growth commensurate to their relative risk rating. These ratings are reviewed at least annually. These ratings also include performing loans of less than $100,000.

Rating 4 - This rating includes loans on management’s “watch list” and is intended to be utilized for pass rated borrowers where credit quality has begun to show signs of financial weakness that now requires management’s heightened attention. This rating is reviewed at least quarterly.

Rating 5 - This rating is for “Special Mention” loans in accordance with regulatory guidelines. This rating is intended to be temporary and includes loans to borrowers whose credit quality has clearly deteriorated and are at risk of further decline unless active measures are taken to correct the situation. This rating is reviewed at least quarterly.

Rating 6 - This rating includes “Substandard” loans in accordance with regulatory guidelines, for which the accrual of interest has not been stopped. Under regulatory guideline definitions, a “Substandard” loan has defined weaknesses which make payment default or principal exposure likely, but not yet certain. Such loans are apt to be dependent upon collateral liquidation, a secondary source of repayment or an event outside of the normal course of business. This rating is reviewed at least quarterly.

Rating 7 - This rating includes “Substandard-Impaired” loans in accordance with regulatory guidelines, for which the accrual of interest has generally been stopped. This rating includes loans: (i) where interest is more than 90 days past due, (ii) not fully secured, (iii) where a specific valuation allowance may be necessary, or (iv) where the borrower is unable to make contractual principal and interest payments. This rating is reviewed at least quarterly.

The following tables show the risk category of loans by loan category and year of origination as of September 30, 2023 (in thousands):

September 30, 2023		Amortized Cost Basis of Term Loans by Year of Origination
		2023				2022				2021				2020				2019				Prior				Revolving				Total
Real estate - construction
Pass		$	28,654			$	28,615			$	803			$	781			$	-			$	362			$	5,224			$	64,439
Watch			81				-				-				214				-				-				-				295
Special Mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-
Substandard-Impaired			-				-				-				-				-				-				-				-
Total		$	28,735			$	28,615			$	803			$	995			$	-			$	362			$	5,224			$	64,734

Current-period gross writeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Real estate - 1-4 family residential
Pass		$	41,845			$	66,652			$	60,616			$	49,423			$	8,787			$	19,085			$	17,444			$	263,852
Watch			1,919				303				10,560				1,288				-				463				6				14,539
Special Mention			-				-				-				-				-				-				-				-
Substandard			21				18				928				-				33				62				-				1,062
Substandard-Impaired			118				-				509				-				217				146				-				990
Total ¹		$	43,903			$	66,973			$	72,613			$	50,711			$	9,037			$	19,756			$	17,450			$	280,443

Current-period gross writeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Real estate - multi-family
Pass		$	16,246			$	52,323			$	48,280			$	41,082			$	13,727			$	708			$	1,271			$	173,637
Watch			4,602				1,434				8,254				-				-				-				-				14,290
Special Mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				2,322				-				-				-				2,322
Substandard-Impaired			1,290				-				-				-				1,658				-				-				2,948
Total		$	22,138			$	53,757			$	56,534			$	43,404			$	15,385			$	708			$	1,271			$	193,197

Current-period gross writeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Real estate - commercial
Pass		$	30,337			$	74,315			$	51,886			$	66,712			$	20,207			$	14,211			$	5,119			$	262,787
Watch			1,543				3,045				21,045				14,359				588				947				2,838				44,365
Special Mention			-				-				11,950				3,034				1,052				-				-				16,036
Substandard			-				10,376				-				2,412				-				494				-				13,282
Substandard-Impaired			8,707				-				103				-				367				-				-				9,177
Total		$	40,587			$	87,736			$	84,984			$	86,517			$	22,214			$	15,652			$	7,957			$	345,647

Current-period gross writeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Real estate - agricultural
Pass		$	19,238			$	31,238			$	33,794			$	28,677			$	6,254			$	23,710			$	2,091			$	145,002
Watch			1,168				381				2,293				4,837				333				3,388				-				12,400
Special Mention			-				-				-				-				-				-				-				-
Substandard			1,310				1,439				121				1,025				-				508				-				4,403
Substandard-Impaired			-				-				158				-				-				-				-				158
Total		$	21,716			$	33,058			$	36,366			$	34,539			$	6,587			$	27,606			$	2,091			$	161,963

Current-period gross writeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

September 30, 2023		Amortized Cost Basis of Term Loans by Year of Origination
		2023				2022				2021				2020				2019				Prior				Revolving				Total
Commercial
Pass		$	18,922			$	13,789			$	11,297			$	2,301			$	2,508			$	1,609			$	29,593			$	80,019
Watch			987				200				307				470				102				151				2,919				5,136
Special Mention			-				-				-				-				-				-				-				-
Substandard			-				270				-				425				-				-				882				1,577
Substandard-Impaired			98				-				6				95				-				73				-				272
Total		$	20,007			$	14,259			$	11,610			$	3,291			$	2,610			$	1,833			$	33,394			$	87,004

Current-period gross writeoffs		$	-			$	-			$	-			$	33			$	-			$	4			$	-			$	37

Agricultural
Pass		$	10,606			$	8,921			$	5,985			$	3,210			$	528			$	770			$	58,176			$	88,196
Watch			2,365				477				506				19				18				194				5,288				8,867
Special Mention			-				-				-				-				-				-				-				-
Substandard			209				14				26				61				-				-				1,060				1,370
Substandard-Impaired			129				-				258				-				-				-				-				387
Total		$	13,309			$	9,412			$	6,775			$	3,290			$	546			$	964			$	64,524			$	98,820

Current-period gross writeoffs		$	-			$	74			$	90			$	-			$	-			$	-			$	-			$	164

Consumer and other
Pass		$	5,606			$	4,179			$	2,956			$	2,202			$	458			$	755			$	99			$	16,255
Watch			-				-				-				-				-				-				-				-
Special Mention			-				-				-				-				-				-				-				-
Substandard			31				-				-				-				-				-				-				31
Substandard-Impaired			-				-				-				14				-				-				-				14
Total		$	5,637			$	4,179			$	2,956			$	2,216			$	458			$	755			$	99			$	16,300

Current-period gross writeoffs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

Total loans
Pass		$	171,454			$	280,032			$	215,617			$	194,388			$	52,469			$	61,210			$	119,017			$	1,094,187
Watch			12,665				5,840				42,965				21,187				1,041				5,143				11,051				99,892
Special Mention			-				-				11,950				3,034				1,052				-				-				16,036
Substandard			1,571				12,117				1,075				6,245				33				1,064				1,942				24,047
Substandard-Impaired			10,342				-				1,034				109				2,242				219				-				13,946
Total		$	196,032			$	297,989			$	272,641			$	224,963			$	56,837			$	67,636			$	132,010			$	1,248,108

Current-period gross writeoffs		$	-			$	74			$	90			$	33			$	-			$	4			$	-			$	201

The credit risk profile by internally assigned grade, on a disaggregated basis, as of December 31, 2022 is as follows (in thousands):

December 31, 2022		Construction				Multi-family				Commercial				Agricultural
		Real Estate				Real Estate				Real Estate				Real Estate				Commercial				Agricultural				Total

Pass		$	51,253			$	174,048			$	264,898			$	136,043			$	69,872			$	98,415			$	794,529
Watch			-				9,344				62,076				18,324				5,392				14,146				109,282
Special Mention			-				-				-				-				116				-				116
Substandard			-				2,392				13,458				4,916				1,685				452				22,903
Substandard-Impaired			-				-				12,853				165				200				342				13,560

		$	51,253			$	185,784			$	353,285			$	159,448			$	77,265			$	113,355			$	940,390

The credit risk profile based on payment activity, on a disaggregated basis, as of December 31, 2022 is as follows (in thousands):

December 31, 2022		1-4 Family
		Residential				Consumer
		Real Estate				and Other				Total

Performing		$	284,302			$	16,190			$	300,492
Non-performing			805				21				826

		$	285,107			$	16,211			$	301,318