XML 35 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2021
Allowance for Credit Losses [Abstract]  
Allocation of Allowance for Credit Losses by Portfolio Segment and by Impairment Methodology
The following tables show the allocation of the allowance for credit losses by portfolio segment and by impairment methodology at the dates indicated (in thousands):

June 30, 2021
  
Commercial
Real Estate
    
Agricultural
Real Estate
    
Real Estate
Construction
    
Residential 1st
Mortgages
    
Home Equity
Lines & Loans
    
Agricultural
    
Commercial
    
Consumer &
Other
    
Leases
    
Unallocated
    
Total
  
                                                                   
Year-To-Date Allowance for Credit Losses:
                                                              
Beginning Balance- December 31, 2020
  
$
27,679
    
$
8,633
    
$
1,643
    
$
960
    
$
2,024
    
$
4,814
    
$
9,961
    
$
333
    
$
1,731
    
$
1,084
    
$
58,862
  
Charge-Offs
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
(16
)
    
-
      
-
      
(16
)
Recoveries
    
-
      
-
      
-
      
59
      
11
      
5
      
45
      
13
      
-
      
-
      
133
  
Provision
    
1,211
      
474
      
(238
)
    
(62
)
    
(136
)
    
(267
)
    
(86
)
    
(49
)
    
(92
)
    
495
      
1,250
  
Ending Balance- June 30, 2021
  
$
28,890
    
$
9,107
    
$
1,405
    
$
957
    
$
1,899
    
$
4,552
    
$
9,920
    
$
281
    
$
1,639
    
$
1,579
    
$
60,229
  
Second Quarter Allowance for Credit Losses:
                                                                                  
Beginning Balance- March 31, 2021
  
$
29,066
    
$
9,048
    
$
1,647
    
$
967
    
$
1,914
    
$
4,247
    
$
9,976
    
$
296
    
$
1,674
    
$
1,340
    
$
60,175
  
Charge-Offs
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
(8
)
    
-
      
-
      
(8
)
Recoveries
    
-
      
-
      
-
      
31
      
7
      
2
      
16
      
6
      
-
      
-
      
62
  
Provision
    
(176
)
    
59
      
(242
)
    
(41
)
    
(22
)
    
303
      
(72
)
    
(13
)
    
(35
)
    
239
      
-
  
Ending Balance- June 30, 2021
  
$
28,890
    
$
9,107
    
$
1,405
    
$
957
    
$
1,899
    
$
4,552
    
$
9,920
    
$
281
    
$
1,639
    
$
1,579
    
$
60,229
  
Ending Balance Individually Evaluated for Impairment
    
-
      
-
      
-
      
97
      
7
      
-
      
11
      
44
      
-
      
-
      
159
  
Ending Balance Collectively Evaluated for Impairment
    
28,890
      
9,107
      
1,405
      
860
      
1,892
      
4,552
      
9,909
      
237
      
1,639
      
1,579
      
60,070
  
Loans & Leases:
                                                                                        
Ending Balance
  
$
1,020,077
    
$
630,515
    
$
170,933
    
$
304,859
    
$
32,026
    
$
236,436
    
$
361,432
    
$
177,042
    
$
99,876
    
$
-
    
$
3,033,196
  
Ending Balance Individually Evaluated for Impairment
    
93
      
-
      
-
      
1,929
      
140
      
6,177
      
224
      
182
      
-
      
-
      
8,745
  
Ending Balance Collectively Evaluated for Impairment
  
$
1,019,984
    
$
630,515
    
$
170,933
    
$
302,930
    
$
31,886
    
$
230,259
    
$
361,208
    
$
176,860
    
$
99,876
    
$
-
    
$
3,024,451
  

December 31, 2020
  
Commercial
Real Estate
    
Agricultural
Real Estate
    
Real Estate
Construction
    
Residential 1st
Mortgages
    
Home Equity
Lines & Loans
    
Agricultural
    
Commercial
    
Consumer &
Other
    
Leases
    
Unallocated
    
Total
  
                                                                   
Year-To-Date Allowance for Credit Losses:
                                                              
Beginning Balance- December 31, 2019
  
$
11,053
    
$
15,128
    
$
1,949
    
$
855
    
$
2,675
    
$
8,076
    
$
11,466
    
$
456
    
$
3,162
    
$
192
    
$
55,012
  
Charge-Offs
    
-
      
-
      
-
      
-
      
(7
)
    
-
      
(1,101
)
    
(66
)
    
-
      
-
      
(1,174
)
Recoveries
    
-
      
-
      
-
      
52
      
78
      
81
      
280
      
33
      
-
      
-
      
524
  
Provision
    
16,626
      
(6,495
)
    
(306
)
    
53
      
(722
)
    
(3,343
)
    
(684
)
    
(90
)
    
(1,431
)
    
892
      
4,500
  
Ending Balance- December 31, 2020
  
$
27,679
    
$
8,633
    
$
1,643
    
$
960
    
$
2,024
    
$
4,814
    
$
9,961
    
$
333
    
$
1,731
    
$
1,084
    
$
58,862
  
Ending Balance Individually Evaluated for Impairment
    
-
      
-
      
-
      
117
      
8
      
92
      
20
      
52
      
-
      
-
      
289
  
Ending Balance Collectively Evaluated for Impairment
    
27,679
      
8,633
      
1,643
      
843
      
2,016
      
4,722
      
9,941
      
281
      
1,731
      
1,084
      
58,573
  
Loans & Leases:
                                                                                        
Ending Balance
  
$
958,980
    
$
643,014
    
$
185,741
    
$
299,379
    
$
34,239
    
$
264,372
    
$
374,816
    
$
235,529
    
$
103,522
    
$
-
    
$
3,099,592
  
Ending Balance Individually Evaluated for Impairment
    
104
      
5,629
      
-
      
2,365
      
158
      
495
      
233
      
254
      
-
      
-
      
9,238
  
Ending Balance Collectively Evaluated for Impairment
  
$
958,876
    
$
637,385
    
$
185,741
    
$
297,014
    
$
34,081
    
$
263,877
    
$
374,583
    
$
235,275
    
$
103,522
    
$
-
    
$
3,090,354
  


June 30, 2020
  
Commercial
Real Estate
    
Agricultural
Real Estate
    
Real Estate
Construction
    
Residential 1st
Mortgages
    
Home Equity
Lines & Loans
    
Agricultural
    
Commercial
    
Consumer &
Other
    
Leases
    
Unallocated
    
Total
  
                                                                   
Year-To-Date Allowance for Credit Losses:
                                                              
Beginning Balance- December 31, 2019
  
$
11,053
    
$
15,128
    
$
1,949
    
$
855
    
$
2,675
    
$
8,076
    
$
11,466
    
$
456
    
$
3,162
    
$
192
    
$
55,012
  
Charge-Offs
    
-
      
-
      
-
      
-
      
(7
)
    
-
      
(426
)
    
(29
)
    
-
      
-
      
(462
)
Recoveries
    
-
      
-
      
-
      
46
      
34
      
30
      
80
      
18
      
-
      
-
      
208
  
Provision
    
10,370
      
(6,107
)
    
(497
)
    
870
      
(463
)
    
(3,316
)
    
(1,077
)
    
(86
)
    
(362
)
    
968
      
300
  
Ending Balance- June 30, 2020
  
$
21,423
    
$
9,021
    
$
1,452
    
$
1,771
    
$
2,239
    
$
4,790
    
$
10,043
    
$
359
    
$
2,800
    
$
1,160
    
$
55,058
  
Second Quarter Allowance for Credit Losses:
                                                                                  
Beginning Balance- March 31, 2020
  
$
11,122
    
$
14,469
    
$
1,927
    
$
1,037
    
$
2,783
    
$
6,959
    
$
12,214
    
$
382
    
$
3,188
    
$
743
    
$
54,824
  
Charge-Offs
    
-
      
-
      
-
      
-
      
(7
)
    
-
      
(182
)
    
(8
)
    
-
      
-
      
(197
)
Recoveries
    
-
      
-
      
-
      
26
      
13
      
3
      
79
      
10
      
-
      
-
      
131
  
Provision
    
10,301
      
(5,448
)
    
(475
)
    
708
      
(550
)
    
(2,172
)
    
(2,068
)
    
(25
)
    
(388
)
    
417
      
300
  
Ending Balance- June 30, 2020
  
$
21,423
    
$
9,021
    
$
1,452
    
$
1,771
    
$
2,239
    
$
4,790
    
$
10,043
    
$
359
    
$
2,800
    
$
1,160
    
$
55,058
  
Ending Balance Individually Evaluated for Impairment
    
6
      
-
      
-
      
121
      
8
      
79
      
-
      
25
      
-
      
-
      
239
  
Ending Balance Collectively Evaluated for Impairment
    
21,417
      
9,021
      
1,452
      
1,650
      
2,231
      
4,711
      
10,043
      
334
      
2,800
      
1,160
      
54,819
  
Loans & Leases:
                                                                                        
Ending Balance
  
$
855,762
    
$
635,077
    
$
166,548
    
$
272,209
    
$
37,966
    
$
261,986
    
$
369,817
    
$
361,035
    
$
104,112
    
$
-
    
$
3,064,512
  
Ending Balance Individually Evaluated for Impairment
    
1,663
      
5,629
      
-
      
2,411
      
168
      
473
      
10
      
195
      
-
      
-
      
10,549
  
Ending Balance Collectively Evaluated for Impairment
  
$
854,099
    
$
629,448
    
$
166,548
    
$
269,798
    
$
37,798
    
$
261,513
    
$
369,807
    
$
360,840
    
$
104,112
    
$
-
    
$
3,053,963
  
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings
The following tables show the loan & lease portfolio allocated by management’s internal risk ratings at the dates indicated (in thousands):

June 30, 2021
  
Pass(1)
    
Special
Mention
    
Substandard
    
Total Loans
& Leases
  
Loans & Leases:
                        
Commercial Real Estate
  
$
1,004,715
    
$
5,990
    
$
9,372
    
$
1,020,077
  
Agricultural Real Estate
    
621,165
      
2,811
      
6,539
      
630,515
  
Real Estate Construction
    
170,933
      
-
      
-
      
170,933
  
Residential 1st Mortgages
    
304,089
      
-
      
770
      
304,859
  
Home Equity Lines & Loans
    
31,848
      
-
      
178
      
32,026
  
Agricultural
    
235,716
      
64
      
656
      
236,436
  
Commercial
    
352,598
      
8,143
      
691
      
361,432
  
Consumer & Other
    
176,745
      
-
      
297
      
177,042
  
Leases
    
99,876
      
-
      
-
      
99,876
  
Total
  
$
2,997,685
    
$
17,008
    
$
18,503
    
$
3,033,196
  

(1)
Includes “Watch” loans of $907.2 million.



December 31, 2020
  
Pass(1)
    
Special
Mention
    
Substandard
    
Total Loans
& Leases
  
Loans & Leases:
                        
Commercial Real Estate
  
$
946,621
    
$
7,849
    
$
4,510
    
$
958,980
  
Agricultural Real Estate
    
631,043
      
400
      
11,571
      
643,014
  
Real Estate Construction
    
185,741
      
-
      
-
      
185,741
  
Residential 1st Mortgages
    
298,689
      
-
      
690
      
299,379
  
Home Equity Lines and Loans
    
34,058
      
-
      
181
      
34,239
  
Agricultural
    
263,781
      
96
      
495
      
264,372
  
Commercial
    
373,038
      
1,060
      
718
      
374,816
  
Consumer & Other
    
235,063
      
-
      
466
      
235,529
  
Leases
    
103,522
      
-
      
-
      
103,522
  
Total
  
$
3,071,556
    
$
9,405
    
$
18,631
    
$
3,099,592
  

(1)
Includes “Watch” loans of $958.2 million.

June 30, 2020
  
Pass(1)
    
Special
Mention
    
Substandard
    
Total Loans
& Leases
  
Loans & Leases:
                        
Commercial Real Estate
  
$
843,952
    
$
7,300
    
$
4,510
    
$
855,762
  
Agricultural Real Estate
    
620,754
      
1,530
      
12,793
      
635,077
  
Real Estate Construction
    
166,548
      
-
      
-
      
166,548
  
Residential 1st Mortgages
    
271,507
      
-
      
702
      
272,209
  
Home Equity Lines & Loans
    
37,780
      
-
      
186
      
37,966
  
Agricultural
    
261,085
      
-
      
901
      
261,986
  
Commercial
    
366,204
      
2,309
      
1,304
      
369,817
  
Consumer & Other
    
360,352
      
-
      
683
      
361,035
  
Leases
    
104,112
      
-
      
-
      
104,112
  
Total
  
$
3,032,294
    
$
11,139
    
$
21,079
    
$
3,064,512
  

(1)
Includes “Watch” loans of $887.8 million.
Aging Analysis of Loan & Lease Portfolio by Time Past Due
The following tables show an aging analysis of the loan & lease portfolio, including unearned income, by the time past due at the dates indicated (in thousands):

June 30, 2021
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days and
Still Accruing
    
Nonaccrual
    
Total Past
Due
    
Current
    
Total
Loans & Leases
  
Loans & Leases:
                                          
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
1,020,077
    
$
1,020,077
  
Agricultural Real Estate
    
-
      
-
      
-
      
19
      
19
      
630,496
      
630,515
  
Real Estate Construction
    
-
      
-
      
-
      
-
      
-
      
170,933
      
170,933
  
Residential 1st Mortgages
    
-
      
-
      
-
      
-
      
-
      
304,859
      
304,859
  
Home Equity Lines & Loans
    
-
      
-
      
-
      
-
      
-
      
32,026
      
32,026
  
Agricultural
    
-
      
-
      
-
      
529
      
529
      
235,907
      
236,436
  
Commercial
    
-
      
-
      
-
      
-
      
-
      
361,432
      
361,432
  
Consumer & Other
    
38
      
-
      
-
      
-
      
38
      
177,004
      
177,042
  
Leases
    
-
      
-
      
-
      
-
      
-
      
99,876
      
99,876
  
Total
  
$
38
    
$
-
    
$
-
    
$
548
    
$
586
    
$
3,032,610
    
$
3,033,196
  


December 31, 2020
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days and
Still Accruing
    
Nonaccrual
    
Total Past
Due
    
Current
    
Total
Loans & Leases
  
Loans & Leases:
                                          
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
958,980
    
$
958,980
  
Agricultural Real Estate
    
-
      
-
      
-
      
495
      
495
      
642,519
      
643,014
  
Real Estate Construction
    
-
      
-
      
-
      
-
      
-
      
185,741
      
185,741
  
Residential 1st Mortgages
    
-
      
-
      
-
      
-
      
-
      
299,379
      
299,379
  
Home Equity Lines and Loans
    
-
      
-
      
-
      
-
      
-
      
34,239
      
34,239
  
Agricultural
    
-
      
-
      
-
      
-
      
-
      
264,372
      
264,372
  
Commercial
    
-
      
-
      
-
      
-
      
-
      
374,816
      
374,816
  
Consumer & Other
    
11
      
-
      
-
      
-
      
11
      
235,518
      
235,529
  
Leases
    
-
      
-
      
-
      
-
      
-
      
103,522
      
103,522
  
Total
  
$
11
    
$
-
    
$
-
    
$
495
    
$
506
    
$
3,099,086
    
$
3,099,592
  

June 30, 2020
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days and
Still Accruing
    
Nonaccrual
    
Total Past
Due
    
Current
    
Total
Loans & Leases
  
Loans & Leases:
                                          
Commercial Real Estate
  
$
-
    
$
258
    
$
-
    
$
-
    
$
258
    
$
855,504
    
$
855,762
  
Agricultural Real Estate
    
-
      
-
      
-
      
-
      
-
      
635,077
      
635,077
  
Real Estate Construction
    
-
      
-
      
-
      
-
      
-
      
166,548
      
166,548
  
Residential 1st Mortgages
    
-
      
-
      
-
      
-
      
-
      
272,209
      
272,209
  
Home Equity Lines & Loans
    
-
      
-
      
-
      
-
      
-
      
37,966
      
37,966
  
Agricultural
    
-
      
-
      
-
      
473
      
473
      
261,513
      
261,986
  
Commercial
    
-
      
-
      
-
      
-
      
-
      
369,817
      
369,817
  
Consumer & Other
    
97
      
-
      
-
      
-
      
97
      
360,938
      
361,035
  
Leases
    
-
      
-
      
-
      
-
      
-
      
104,112
      
104,112
  
Total
  
$
97
    
$
258
    
$
-
    
$
473
    
$
828
    
$
3,063,684
    
$
3,064,512
  
Impaired Loans & Leases
The following tables show information related to impaired loans & leases for the periods indicated (in thousands):

                    
Three Months Ended June 30, 2021
    
Six Months Ended June 30, 2021
  
June 30, 2021
  
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                                          
Commercial Real Estate
  
$
80
    
$
80
    
$
-
    
$
40
    
$
5
    
$
41
    
$
5
  
Agricultural Real Estate
    
5,629
      
5,629
      
-
      
5,629
      
236
      
5,629
      
385
  
Agricultural
    
492
      
534
      
-
      
493
      
34
      
370
      
34
  
Commercial
    
9
      
9
      
-
      
5
      
-
      
2
      
-
  
   
$
6,210
    
$
6,252
    
$
-
    
$
6,167
    
$
275
    
$
6,042
    
$
424
  
With an allowance recorded:
                                                        
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
42
    
$
-
    
$
42
    
$
3
  
Residential 1st Mortgages
    
1,666
      
1,891
      
83
      
1,665
      
36
      
1,665
      
56
  
Home Equity Lines & Loans
    
61
      
73
      
3
      
63
      
2
      
63
      
3
  
Agricultural
    
-
      
-
      
-
      
123
      
-
      
123
      
-
  
Commercial
    
215
      
215
      
11
      
226
      
8
      
226
      
12
  
Consumer & Other
    
183
      
183
      
44
      
186
      
6
      
186
      
10
  
   
$
2,125
    
$
2,362
    
$
141
    
$
2,305
    
$
52
    
$
2,305
    
$
84
  
Total
  
$
8,335
    
$
8,614
    
$
141
    
$
8,472
    
$
327
    
$
8,347
    
$
508
  

December 31, 2020
  
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                              
Commercial Real Estate
  
$
84
    
$
84
    
$
-
    
$
764
    
$
35
  
Agricultural Real Estate
    
5,629
      
5,629
      
-
      
5,629
      
352
  
Agricultural
    
3
      
3
      
-
      
2
      
-
  
Commercial
    
-
      
-
      
-
      
377
      
16
  
   
$
5,716
    
$
5,716
    
$
-
    
$
6,772
    
$
403
  
With an allowance recorded:
                                        
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
21
    
$
1
  
Agricultural Real Estate
    
-
      
-
      
-
      
137
      
-
  
Residential 1st Mortgages
    
1,671
      
1,895
      
84
      
1,652
      
76
  
Home Equity Lines and Loans
    
64
      
75
      
3
      
66
      
4
  
Agricultural
    
492
      
534
      
92
      
410
      
59
  
Commercial
    
234
      
234
      
13
      
123
      
18
  
Consumer & Other
    
190
      
191
      
56
      
194
      
13
  
   
$
2,651
    
$
2,929
    
$
248
    
$
2,603
    
$
171
  
Total
  
$
8,367
    
$
8,645
    
$
248
    
$
9,375
    
$
574
  


                   
Three Months Ended June 30, 2020
    
Six Months Ended June 30, 2020
  
June 30, 2020
  
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                          
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
1,444
    
$
2
    
$
1,466
    
$
31
  
Agricultural Real Estate
    
5,629
      
5,629
      
-
      
5,629
      
87
      
5,636
      
176
  
Commercial
    
-
      
-
      
-
      
754
      
1
      
754
      
16
  
   
$
5,629
    
$
5,629
    
$
-
    
$
7,827
    
$
90
    
$
7,856
    
$
223
  
With an allowance recorded:
                                          
Commercial Real Estate
  
$
84
    
$
84
    
$
6
    
$
42
    
$
1
    
$
727
    
$
1
  
Agricultural Real Estate
    
-
      
-
      
-
      
275
      
-
      
275
      
-
  
Residential 1st Mortgages
    
1,702
      
1,921
      
85
      
1,626
      
21
      
1,591
      
40
  
Home Equity Lines & Loans
    
67
      
77
      
3
      
67
      
1
      
68
      
2
  
Agricultural
    
473
      
487
      
79
      
329
      
43
      
257
      
45
  
Commercial
    
10
      
10
      
-
      
11
      
2
      
390
      
2
  
Consumer & Other
    
195
      
196
      
25
      
196
      
3
      
197
      
7
  
   
$
2,531
    
$
2,775
    
$
198
    
$
2,546
    
$
71
    
$
3,505
    
$
97
  
Total
  
$
8,160
    
$
8,404
    
$
198
    
$
10,373
    
$
161
    
$
11,361
    
$
320
  
Loans by Class Modified as Troubled Debt Restructured Loans
The following tables present loans by class modified as troubled debt restructured loans for the periods ended indicated (in thousands):

  
December 31, 2020
  
Troubled Debt Restructurings
  
Number of
Loans
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-Modification
Outstanding
Recorded
Investment
  
Residential 1st Mortgages
    
2
    
$
156
    
$
156
  
Agricultural
    
3
      
495
      
495
  
Commercial
    
1
      
224
      
224
  
Total
    
6
    
$
875
    
$
875
  

The following table presents loans or leases by class modified as troubled debt restructured loans or leases during the three and six-month periods ended June 30, 2020 (in thousands):

  
Three Months Ended
June 30, 2020
    
Six Months Ended
June 30, 2020
  
Troubled Debt Restructurings
  
Number of
Loans
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-Modification
Outstanding
Recorded
Investment
    
Number of
Loans
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-Modification
Outstanding
Recorded
Investment
  
Residential 1st Mortgages
    
2
    
$
156
    
$
156
      
2
    
$
156
    
$
156
  
Agricultural
    
3
      
495
      
495
      
3
      
495
      
495
  
Total
    
5
    
$
651
    
$
651
      
5
    
$
651
    
$
651