Loans Receivable and Allowance for Loan Losses (Tables)
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9 Months Ended |
Sep. 30, 2023 |
Loans Receivable and Allowance for Loan Losses [Abstract] |
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Composition of the Loan Portfolio |
| | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2023 | | | December 31, 2022 | | Real Estate Loans: | | | | | | | | | | | | Residential | $ | 316,139 | | 19.6 | % | | $ | 298,813 | | 20.3 | % | Commercial | | 688,485 | | 42.7 | | | | 651,544 | | 44.2 | | Agricultural | | 66,767 | | 4.2 | | | | 68,915 | | 4.7 | | Construction | | 41,305 | | 2.6 | | | | 32,469 | | 2.2 | | Commercial loans | | 205,014 | | 12.7 | | | | 187,257 | | 12.7 | | Other agricultural loans | | 32,740 | | 2.0 | | | | 35,277 | | 2.4 | | Consumer loans to individuals | | 260,828 | | 16.2 | | | | 200,149 | | 13.5 | | Total loans | | 1,611,278 | | 100.0 | % | | | 1,474,424 | | 100.0 | % | Deferred fees, net | | (209) | | | | | | (479) | | | | Total loans receivable | | 1,611,069 | | | | | | 1,473,945 | | | | Allowance for credit losses | | (16,086) | | | | | | (16,999) | | | | Net loans receivable | $ | 1,594,983 | | | | | $ | 1,456,946 | | | |
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Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial | | | Other | | Consumer | | | | | Residential | | Commercial | | | Agricultural | | Construction | | Loans | | | Agricultural | | Loans | | Total | September 30, 2023 | (In thousands) | Individually evaluated | $ | 575 | | $ | 2,222 | | $ | — | | $ | — | | $ | 7,071 | | $ | — | | $ | 668 | | $ | 10,536 | Collectively evaluated | | 315,564 | | | 686,263 | | | 66,767 | | | 41,305 | | | 197,943 | | | 32,740 | | | 260,160 | | | 1,600,742 | Total Loans | $ | 316,139 | | $ | 688,485 | | $ | 66,767 | | $ | 41,305 | | $ | 205,014 | | $ | 32,740 | | $ | 260,828 | | $ | 1,611,278 |
The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial | | | Other | | Consumer | | | | | Residential | | Commercial | | | Agricultural | | Construction | | Loans | | | Agricultural | | Loans | | Total | | (In thousands) | December 31, 2022 | | | | | | | | | | | | | | | | | | | | | | | | Individually evaluated for impairment | $ | - | | $ | 402 | | $ | — | | $ | - | | $ | 61 | | $ | — | | $ | - | | $ | 463 | Loans acquired with deteriorated credit quality | | 567 | | | 2,049 | | | 2,034 | | | - | | | 1,640 | | | — | | | - | | | 6,290 | Collectively evaluated for impairment | | 298,246 | | | 649,093 | | | 66,881 | | | 32,469 | | | 185,556 | | | 35,277 | | | 200,149 | | | 1,467,671 | Total Loans | $ | 298,813 | | $ | 651,544 | | $ | 68,915 | | $ | 32,469 | | $ | 187,257 | | $ | 35,277 | | $ | 200,149 | | $ | 1,474,424 |
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Impaired Loans and Related Interest Income by Loan Portfolio Class |
The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. | | | | | | | | | | | | | | | | | | | | | | Unpaid | | | | | Recorded | | Principal | | Associated | | Investment | | Balance | | Allowance | December 31, 2022 | | | | | (in thousands) | | | With no related allowance recorded: | | | | | | | | | Real Estate Loans: | | | | | | | | | Commercial | $ | 402 | | $ | 402 | | $ | — | Commercial Loans | | 11 | | | 11 | | | — | Subtotal | | 413 | | | 413 | | | — | | | | | | | | | | With an allowance recorded: | | | | | | | | | Commercial Loans | | 50 | | | 50 | | | 50 | Subtotal | | 50 | | | 50 | | | 50 | Total: | | | | | | | | | Real Estate Loans: | | | | | | | | | Commercial | | 402 | | | 402 | | | — | Commercial Loans | | 61 | | | 61 | | | 50 | Total Impaired Loans | $ | 463 | | $ | 463 | | $ | 50 | | | | | | | | | |
The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month period ended September 30, 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Average Recorded | | | | | | Interest Income | | | | | | Investment | | | | | | Recognized | | | | 2022 | | | | 2022 | Real Estate Loans: | | | | | | | | | | | | Commercial | | | | $ | — | | | | | $ | 18 | Commercial Loans | | | | | 13 | | | | | | — | Total | | | | $ | 13 | | | | | $ | 18 |
The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the nine-month period ended September 30, 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Average Recorded | | Interest Income | | Investment | | Recognized | | | | 2022 | | | | 2022 | Real Estate Loans: | | | | | | | | | | | | Commercial | | | | $ | 825 | | | | | $ | 55 | Commercial Loans | | | | | 14 | | | | | | 3 | Total | | | | $ | 839 | | | | | $ | 58 |
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Loan Portfolio Summarized by the Past Due Status |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current | | 31-60 Days Past Due | | 61-90 Days Past Due | | Greater than 90 Days Past Due and still accruing | | | Non-accrual | | Total Past Due and Non-Accrual | | Total Loans | | | | September 30, 2023 | | | | | | | | | | | | | | | | | | | | | | | | Real Estate loans | | | | | | | | | | | | | | | | | | | | | | | | Residential | $ | 314,588 | | $ | 957 | | $ | 19 | | $ | - | | $ | 575 | | $ | 1,551 | | $ | 316,139 | | | | Commercial | | 685,293 | | | 970 | | | - | | | - | | | 2,222 | | | 3,192 | | | 688,485 | | | | Agricultural | | 66,767 | | | - | | | - | | | - | | | - | | | - | | | 66,767 | | | | Construction | | 41,285 | | | 20 | | | - | | | - | | | - | | | 20 | | | 41,305 | | | | Commercial loans | | 197,498 | | | 445 | | | - | | | - | | | 7,071 | | | 7,516 | | | 205,014 | | | | Other agricultural loans | | 32,740 | | | - | | | | | | - | | | - | | | - | | | 32,740 | | | | Consumer loans | | 259,489 | | | 516 | | | 155 | | | - | | | 668 | | | 1,339 | | | 260,828 | | | | Total | $ | 1,597,660 | | $ | 2,908 | | $ | 174 | | $ | - | | $ | 10,536 | | $ | 13,618 | | $ | 1,611,278 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current | | 31-60 Days Past Due | | 61-90 Days Past Due | | Greater than 90 Days Past Due and still accruing | | | Non-accrual | | Total Past Due and Non-Accrual | | | Purchased Credit Impaired Loans | | Total Loans | December 31, 2022 | | | | | | | | | | | | | | | | | | | | | | | | Real Estate loans | | | | | | | | | | | | | | | | | | | | | | | | Residential | $ | 297,350 | | $ | 187 | | $ | 223 | | $ | - | | $ | 486 | | $ | 896 | | $ | 567 | | $ | 298,813 | Commercial | | 648,688 | | | 405 | | | - | | | - | | | 402 | | | 807 | | | 2,049 | | | 651,544 | Agricultural | | 66,751 | | | 130 | | | - | | | | | | - | | | 130 | | | 2,034 | | | 68,915 | Construction | | 32,469 | | | - | | | - | | | - | | | - | | | - | | | - | | | 32,469 | Commercial loans | | 185,485 | | | 71 | | | - | | | - | | | 61 | | | 132 | | | 1,640 | | | 187,257 | Other agricultural loans | | 35,277 | | | - | | | - | | | | | | - | | | - | | | - | | | 35,277 | Consumer loans | | 198,893 | | | 853 | | | 239 | | | - | | | 164 | | | 1,256 | | | - | | | 200,149 | Total | $ | 1,464,913 | | $ | 1,646 | | $ | 462 | | $ | - | | $ | 1,113 | | $ | 3,221 | | $ | 6,290 | | $ | 1,474,424 |
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Allowance for Loan Losses and Recorded Investment in Financing Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Residential Real Estate | | Commercial Real Estate | | | Agricultural | | | Construction | | Commercial | | | Other Agricultural | | Consumer | | Total | Beginning balance, December 31, 2022 | $ | 2,833 | | $ | 8,293 | | $ | 259 | | $ | 409 | | $ | 2,445 | | $ | 124 | | $ | 2,636 | | $ | 16,999 | Impact of adopting ASC 326 | | (1,545) | | | 5,527 | | | (200) | | | 388 | | | (1,156) | | | 3 | | | (551) | | | 2,466 | Charge Offs | | (6) | | | (154) | | | - | | | - | | | (2,147) | | | - | | | (692) | | | (2,999) | Recoveries | | 6 | | | 12 | | | - | | | - | | | 20 | | | - | | | 64 | | | 102 | (Release of) Provision for credit losses | | 45 | | | (3,689) | | | (26) | | | 45 | | | 1,848 | | | (44) | | | 1,339 | | | (482) | Ending balance, September 30, 2023 | $ | 1,333 | | $ | 9,989 | | $ | 33 | | $ | 842 | | $ | 1,010 | | $ | 83 | | $ | 2,796 | | $ | 16,086 | Ending balance individually evaluated | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | Ending balance collectively evaluated | $ | 1,333 | | $ | 9,989 | | $ | 33 | | $ | 842 | | $ | 1,010 | | $ | 83 | | $ | 2,796 | | $ | 16,086 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Residential Real Estate | | Commercial Real Estate | | | Agricultural | | | Construction | | Commercial | | | Other Agricultural | | Consumer | | Total | Beginning balance, December 31, 2021 | $ | 2,175 | | $ | 10,878 | | $ | - | | $ | 133 | | $ | 1,490 | | $ | - | | $ | 1,766 | | $ | 16,442 | Charge Offs | | (120) | | | (1) | | | - | | | - | | | (16) | | | - | | | (249) | | | (386) | Recoveries | | 122 | | | 80 | | | - | | | - | | | 36 | | | - | | | 37 | | | 275 | Provision for loan losses | | 736 | | | (2,354) | | | 220 | | | 186 | | | 910 | | | 123 | | | 779 | | | 600 | Ending balance, September 30, 2022 | $ | 2,913 | | $ | 8,603 | | $ | 220 | | $ | 319 | | $ | 2,420 | | $ | 123 | | $ | 2,333 | | $ | 16,931 | Ending balance individually evaluated for impairment | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | | $ | - | Ending balance collectively evaluated for impairment | $ | 2,913 | | $ | 8,603 | | $ | 220 | | $ | 319 | | $ | 2,420 | | $ | 123 | | $ | 2,333 | | $ | 16,931 |
| | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Residential Real Estate | | Commercial Real Estate | | | Farmland | | | Construction | | Commercial | | | Other Agricultural | | Consumer | | Total | Beginning balance, June 30, 2023 | $ | 1,264 | | $ | 11,253 | | $ | 55 | | $ | 819 | | $ | 1,281 | | $ | 86 | | $ | 2,725 | | $ | 17,483 | Charge Offs | | - | | | - | | | - | | | - | | | (2,000) | | | - | | | (384) | | | (2,384) | Recoveries | | - | | | 3 | | | - | | | - | | | 14 | | | - | | | 18 | | | 35 | (Release of) Provision for credit losses | | 69 | | | (1,267) | | | (22) | | | 23 | | | 1,715 | | | (3) | | | 437 | | | 952 | Ending balance, September 30, 2023 | $ | 1,333 | | $ | 9,989 | | $ | 33 | | $ | 842 | | $ | 1,010 | | $ | 83 | | $ | 2,796 | | $ | 16,086 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Residential Real Estate | | Commercial Real Estate | | | Farmland | | | Construction | | Commercial | | | Other Agricultural | | Consumer | | Total | Beginning balance, June 30, 2022 | $ | 2,740 | | $ | 9,155 | | $ | 218 | | $ | 242 | | $ | 2,504 | | $ | 112 | | $ | 2,046 | | $ | 17,017 | Charge Offs | | - | | | (1) | | | - | | | - | | | (1) | | | - | | | (115) | | | (117) | Recoveries | | 4 | | | - | | | - | | | - | | | 13 | | | - | | | 14 | | | 31 | Provision for loan losses | | 169 | | | (551) | | | 2 | | | 77 | | | (96) | | | 11 | | | 388 | | | - | Ending balance, September 30, 2022 | $ | 2,913 | | $ | 8,603 | | $ | 220 | | $ | 319 | | $ | 2,420 | | $ | 123 | | $ | 2,333 | | $ | 16,931 |
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Summary of Carrying Value of Loan on Nonaccrual Status |
| | | | | | | | | | | | | | | | | Nonaccrual | | | Nonaccrual | | | | | | Loans Past Due | | | | | | with no | | | with | | | Total | | | Over 90 Days | | | Total | | ACL | | ACL | | Nonaccrual | | Still Accruing | | Nonperforming | September 30, 2023 | | | | | | | | | | | | | | | Real Estate loans | | | | | | | | | | | | | | | Residential | $ | 575 | | $ | - | | $ | 575 | | $ | - | | $ | 575 | Commercial | | 2,222 | | | - | | | 2,222 | | | - | | | 2,222 | Agricultural | | - | | | - | | | - | | | - | | | - | Construction | | - | | | - | | | - | | | - | | | - | Commercial loans | | 7,071 | | | - | | | 7,071 | | | - | | | 7,071 | Other agricultural loans | | - | | | - | | | - | | | - | | | - | Consumer loans | | 668 | | | - | | | 668 | | | - | | | 668 | Total | $ | 10,536 | | $ | - | | $ | 10,536 | | $ | - | | $ | 10,536 |
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Summary of Recorded Investment by Internal Risk Rating Systems |
Based on the most recent analysis performed, the following table presents the recorded investment in non-homogenous pools by internal risk rating systems (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Revolving | | | | | | | | Term Loans Amortized Costs Basis by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | | | | Amortized | | Converted | | | September 30, 2023 | | | | | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | Cost Basis | | to Term | | Total | Commercial real estate | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | Pass | | | | | $ | 63,900 | $ | 130,901 | $ | 115,171 | $ | 77,750 | $ | 73,789 | $ | 197,656 | $ | 16,115 | $ | - | $ | 675,282 | Special Mention | | | | | | 1,000 | | 414 | | 243 | | 1,341 | | - | | 6,184 | | - | | - | | 9,182 | Substandard | | | | | | - | | 284 | | - | | 1,453 | | - | | 2,284 | | - | | - | | 4,021 | Doubtful | | | | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | | | | $ | 64,900 | $ | 131,599 | $ | 115,414 | $ | 80,544 | $ | 73,789 | $ | 206,124 | $ | 16,115 | $ | - | $ | 688,485 | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | - | $ | - | $ | - | $ | - | $ | 112 | $ | 42 | $ | - | $ | - | $ | 154 | | | | | | | | | | | | | | | | | | | | | | | | Real Estate - Agriculture | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | Pass | | | | | $ | 2,218 | $ | 12,581 | $ | 5,506 | $ | 8,839 | $ | 8,361 | $ | 26,291 | $ | 741 | $ | - | $ | 64,537 | Special Mention | | | | | | - | | - | | - | | - | | - | | 493 | | - | | - | | 493 |
Substandard | | | | | | - | | 507 | | - | | 1,041 | | - | | 189 | | - | | - | | 1,737 | Doubtful | | | | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | | | | $ | 2,218 | $ | 13,088 | $ | 5,506 | $ | 9,880 | $ | 8,361 | $ | 26,973 | $ | 741 | $ | - | $ | 66,767 | | | | | | | | | | | | | | | | | | | | | | | | Real Estate - Agriculture | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | Pass | | | | | $ | 53,035 | $ | 45,809 | $ | 25,867 | $ | 11,173 | $ | 11,646 | $ | 17,491 | $ | 28,742 | $ | - | $ | 193,763 | Special Mention | | | | | | 577 | | 1,471 | | 281 | | 159 | | 35 | | 197 | | 1,114 | | - | | 3,834 | Substandard | | | | | | - | | - | | 405 | | 3,463 | | - | | 49 | | 3,500 | | - | | 7,417 | Doubtful | | | | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | | | | $ | 53,612 | $ | 47,280 | $ | 26,553 | $ | 14,795 | $ | 11,681 | $ | 17,737 | $ | 33,356 | $ | - | $ | 205,014 | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | - | $ | 32 | $ | 24 | $ | 2,050 | $ | - | $ | 41 | $ | - | $ | - | $ | 2,147 | | | | | | | | | | | | | | | | | | | | | | | | Other agricultural loans | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | Pass | | | | | $ | 2,071 | $ | 5,510 | $ | 3,424 | $ | 3,023 | $ | 2,777 | $ | 4,532 | $ | 10,848 | $ | - | $ | 32,185 | Special Mention | | | | | | - | | - | | 3 | | 185 | | 93 | | - | | 155 | | - | | 436 | Substandard | | | | | | - | | - | | - | | - | | 119 | | - | | - | | - | | 119 | Doubtful | | | | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | | | | $ | 2,071 | $ | 5,510 | $ | 3,427 | $ | 3,208 | $ | 2,989 | $ | 4,532 | $ | 11,003 | $ | - | $ | 32,740 | | | | | | | | | | | | | | | | | | | | | | | | Other agricultural loans | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | | | | Pass | | | | | $ | 121,224 | $ | 194,801 | $ | 149,968 | $ | 100,785 | $ | 96,573 | $ | 245,970 | $ | 56,446 | $ | - | $ | 965,767 | Special Mention | | | | | | 1,577 | | 1,885 | | 527 | | 1,685 | | 128 | | 6,874 | | 1,269 | | - | | 13,945 | Substandard | | | | | | - | | 791 | | 405 | | 5,957 | | 119 | | 2,522 | | 3,500 | | - | | 13,294 | Doubtful | | | | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | | | | $ | 122,801 | $ | 197,477 | $ | 150,900 | $ | 108,427 | $ | 96,820 | $ | 255,366 | $ | 61,215 | $ | - | $ | 993,006 | | | | | | | | | | | | | | | | | | | | | | | |
The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard, Doubtful and Loss within the internal risk rating system as of December 31, 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Special | | | | | Doubtful | | | | | Pass | | Mention | | Substandard | | or Loss | | Total | December 31, 2022 | | | | | | | | | | | | | | | Commercial real estate loans | $ | 646,775 | | $ | 1,079 | | $ | 3,690 | | $ | — | | $ | 651,544 | Real estate - agricultural | | 66,444 | | | 368 | | | 2,103 | | | — | | | 68,915 | Commercial loans | | 186,966 | | | 184 | | | 107 | | | — | | | 187,257 | Other agricultural loans | | 34,071 | | | 556 | | | 650 | | | — | | | 35,277 | Total | $ | 934,256 | | $ | 2,187 | | $ | 6,550 | | $ | — | | $ | 942,993 |
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Summary of Recorded Investment in Loan Classes Based on Payment Activity |
The Company monitors the credit risk profile by payment activity for residential and consumer loan classes. Loans past due over 90 days and loans on nonaccrual status are considered nonperforming. Nonperforming loans are reviewed monthly. The following table presents the carrying value of residential and consumer loans based on payment activity (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Revolving | | | | | | | | Term Loans Amortized Costs Basis by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | | | | Amortized | | Converted | | | September 30, 2023 | | | | | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | Cost Basis | | to Term | | Total | Residential real estate | | | | | | | | | | | | | | | | | | | | | | | Payment Performance | | | | | | | | | | | | | | | | | | | | | | | Performing | | | | | $ | 21,935 | $ | 60,944 | $ | 58,600 | $ | 36,483 | $ | 16,836 | $ | 91,136 | $ | 29,630 | $ | - | $ | 315,564 | Nonperforming | | | | | | - | | - | | - | | - | | 57 | | 450 | | 68 | | - | | 575 | Total | | | | | $ | 21,935 | $ | 60,944 | $ | 58,600 | $ | 36,483 | $ | 16,893 | $ | 91,586 | $ | 29,698 | $ | - | $ | 316,139 | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 6 | $ | - | $ | - | $ | 6 | | | | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | | | | Payment Performance | | | | | | | | | | | | | | | | | | | | | | | Performing | | | | | $ | 11,877 | $ | 18,649 | $ | 6,221 | $ | 1,612 | $ | 1,870 | $ | 769 | $ | 307 | $ | - | $ | 41,305 | Nonperforming | | | | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | | | | $ | 11,877 | $ | 18,649 | $ | 6,221 | $ | 1,612 | $ | 1,870 | $ | 769 | $ | 307 | $ | - | $ | 41,305 | | | | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | | | | Consumer loans to individuals | | | | | | | | | | | | | | | | | | | | | | | Payment Performance | | | | | | | | | | | | | | | | | | | | | | | Performing | | | | | $ | 109,441 | $ | 83,098 | $ | 27,191 | $ | 16,110 | $ | 11,980 | $ | 11,127 | $ | 1,213 | $ | - | $ | 260,160 | Nonperforming | | | | | | 28 | | 499 | | 67 | | 31 | | 43 | | - | | - | | - | | 668 | Total | | | | | $ | 109,469 | $ | 83,597 | $ | 27,258 | $ | 16,141 | $ | 12,023 | $ | 11,127 | $ | 1,213 | $ | - | $ | 260,828 | | | | | | | | | | | | | | | | | | | | | | | | Consumer loans to individuals | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | | | | $ | 7 | $ | 462 | $ | 132 | $ | 29 | $ | 37 | $ | 11 | $ | 14 | $ | - | $ | 692 | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | | | | | | | Payment Performance | | | | | | | | | | | | | | | | | | | | | | | Performing | | | | | $ | 143,253 | $ | 162,691 | $ | 92,012 | $ | 54,205 | $ | 30,686 | $ | 103,032 | $ | 31,150 | $ | - | $ | 617,029 | Nonperforming | | | | | | 28 | | 499 | | 67 | | 31 | | 100 | | 450 | | 68 | | - | | 1,243 | Total | | | | | $ | 143,281 | $ | 163,190 | $ | 92,079 | $ | 54,236 | $ | 30,786 | $ | 103,482 | $ | 31,218 | $ | - | $ | 618,272 |
For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of December 31, 2022 (in thousands): | | | | | | | | | | | | | | | | | | | Performing | | Nonperforming | | Total | December 31, 2022 | | | | | | | | | Residential real estate loans | $ | 298,327 | | $ | 486 | | $ | 298,813 | Construction | | 32,469 | | | — | | | 32,469 | Consumer loans to individuals | | 199,985 | | | 164 | | | 200,149 | Total | $ | 530,781 | | $ | 650 | | $ | 531,431 |
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