XML 54 R38.htm IDEA: XBRL DOCUMENT v3.19.1
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Categories of Loans

The following table lists categories of loans at December 31, 2018 and 2017.

 

 

 

2018

 

 

2017

 

Commercial real estate

 

$

1,251,992

 

 

$

987,661

 

Commercial and industrial

 

 

582,527

 

 

 

521,510

 

Residential real estate

 

 

444,540

 

 

 

376,705

 

Agricultural real estate

 

 

139,332

 

 

 

86,486

 

Consumer

 

 

62,894

 

 

 

49,361

 

Agricultural

 

 

94,123

 

 

 

95,547

 

Total loans

 

 

2,575,408

 

 

 

2,117,270

 

Allowance for loan losses

 

 

(11,454

)

 

 

(8,498

)

Net loans

 

$

2,563,954

 

 

$

2,108,772

 

Schedule of Allowance for Loan Losses by Portfolio Segment Allowance

The following tables present the activity in the allowance for loan losses by class for the years ended December 31, 2018, 2017 and 2016.

 

December 31, 2018

 

Commercial

Real Estate

 

 

Commercial

and

Industrial

 

 

Residential

Real

Estate

 

 

Agricultural

Real

Estate

 

 

Consumer

 

 

Agricultural

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,740

 

 

$

2,136

 

 

$

2,262

 

 

$

319

 

 

$

768

 

 

$

273

 

 

$

8,498

 

Provision for loan losses

 

 

1,832

 

 

 

636

 

 

 

97

 

 

 

146

 

 

 

1,188

 

 

 

62

 

 

 

3,961

 

Loans charged-off

 

 

(1,779

)

 

 

(118

)

 

 

(293

)

 

 

(93

)

 

 

(1,431

)

 

 

(43

)

 

 

(3,757

)

Recoveries

 

 

1,869

 

 

 

53

 

 

 

254

 

 

 

19

 

 

 

545

 

 

 

12

 

 

 

2,752

 

Total ending allowance balance

 

$

4,662

 

 

$

2,707

 

 

$

2,320

 

 

$

391

 

 

$

1,070

 

 

$

304

 

 

$

11,454

 

 

December 31, 2017

 

Commercial

Real Estate

 

 

Commercial

and

Industrial

 

 

Residential

Real

Estate

 

 

Agricultural

Real

Estate

 

 

Consumer

 

 

Agricultural

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,420

 

 

$

1,881

 

 

$

1,765

 

 

$

35

 

 

$

266

 

 

$

65

 

 

$

6,432

 

Provision for loan losses

 

 

(69

)

 

 

651

 

 

 

604

 

 

 

287

 

 

 

1,236

 

 

 

244

 

 

 

2,953

 

Loans charged-off

 

 

(271

)

 

 

(431

)

 

 

(350

)

 

 

(16

)

 

 

(1,025

)

 

 

(42

)

 

 

(2,135

)

Recoveries

 

 

660

 

 

 

35

 

 

 

243

 

 

 

13

 

 

 

291

 

 

 

6

 

 

 

1,248

 

Total ending allowance balance

 

$

2,740

 

 

$

2,136

 

 

$

2,262

 

 

$

319

 

 

$

768

 

 

$

273

 

 

$

8,498

 

 

December 31, 2016

 

Commercial

Real Estate

 

 

Commercial

and

Industrial

 

 

Residential

Real

Estate

 

 

Agricultural

Real

Estate

 

 

Consumer

 

 

Agricultural

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

2,051

 

 

$

1,366

 

 

$

1,824

 

 

$

29

 

 

$

187

 

 

$

49

 

 

$

5,506

 

Provision for loan losses

 

 

725

 

 

 

700

 

 

 

75

 

 

 

6

 

 

 

567

 

 

 

46

 

 

 

2,119

 

Loans charged-off

 

 

(557

)

 

 

(226

)

 

 

(299

)

 

 

(23

)

 

 

(584

)

 

 

(31

)

 

 

(1,720

)

Recoveries

 

 

201

 

 

 

41

 

 

 

165

 

 

 

23

 

 

 

96

 

 

 

1

 

 

 

527

 

Total ending allowance balance

 

$

2,420

 

 

$

1,881

 

 

$

1,765

 

 

$

35

 

 

$

266

 

 

$

65

 

 

$

6,432

 

Schedule of Loans Evaluated for Impairment

The following tables present the recorded investment in loans and the balance in the allowance for loan losses by portfolio and class based on impairment method as of December 31, 2018 and 2017.

 

December 31, 2018

 

Commercial

Real Estate

 

 

Commercial

and

Industrial

 

 

Residential

Real

Estate

 

 

Agricultural

Real

Estate

 

 

Consumer

 

 

Agricultural

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

242

 

 

$

185

 

 

$

391

 

 

$

22

 

 

$

62

 

 

$

10

 

 

$

912

 

Collectively evaluated for impairment

 

 

3,695

 

 

 

2,493

 

 

 

1,861

 

 

 

367

 

 

 

925

 

 

 

293

 

 

 

9,634

 

Purchased credit impaired loans

 

 

725

 

 

 

29

 

 

 

68

 

 

 

2

 

 

 

83

 

 

 

1

 

 

 

908

 

Total

 

$

4,662

 

 

$

2,707

 

 

$

2,320

 

 

$

391

 

 

$

1,070

 

 

$

304

 

 

$

11,454

 

Loan Balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

23,323

 

 

$

5,020

 

 

$

4,434

 

 

$

856

 

 

$

678

 

 

$

2,252

 

 

$

36,563

 

Collectively evaluated for impairment

 

 

1,215,173

 

 

 

571,171

 

 

 

437,219

 

 

 

133,415

 

 

 

61,978

 

 

 

89,194

 

 

 

2,508,150

 

Purchased credit impaired loans

 

 

13,496

 

 

 

6,336

 

 

 

2,887

 

 

 

5,061

 

 

 

238

 

 

 

2,677

 

 

 

30,695

 

Total

 

$

1,251,992

 

 

$

582,527

 

 

$

444,540

 

 

$

139,332

 

 

$

62,894

 

 

$

94,123

 

 

$

2,575,408

 

 

December 31, 2017

 

Commercial

Real Estate

 

 

Commercial

and

Industrial

 

 

Residential

Real

Estate

 

 

Agricultural

Real

Estate

 

 

Consumer

 

 

Agricultural

 

 

Total

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

130

 

 

$

87

 

 

$

386

 

 

$

46

 

 

$

56

 

 

$

36

 

 

$

741

 

Collectively evaluated for impairment

 

 

2,582

 

 

 

2,028

 

 

 

1,815

 

 

 

190

 

 

 

712

 

 

 

236

 

 

 

7,563

 

Purchased credit impaired loans

 

 

28

 

 

 

21

 

 

 

61

 

 

 

83

 

 

—

 

 

 

1

 

 

 

194

 

Total

 

$

2,740

 

 

$

2,136

 

 

$

2,262

 

 

$

319

 

 

$

768

 

 

$

273

 

 

$

8,498

 

Loan Balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

2,728

 

 

$

7,886

 

 

$

4,829

 

 

$

533

 

 

$

556

 

 

$

1,050

 

 

$

17,582

 

Collectively evaluated for impairment

 

 

971,376

 

 

 

507,894

 

 

 

369,471

 

 

 

82,493

 

 

 

48,802

 

 

 

90,795

 

 

 

2,070,831

 

Purchased credit impaired loans

 

 

13,557

 

 

 

5,730

 

 

 

2,405

 

 

 

3,460

 

 

 

3

 

 

 

3,702

 

 

 

28,857

 

Total

 

$

987,661

 

 

$

521,510

 

 

$

376,705

 

 

$

86,486

 

 

$

49,361

 

 

$

95,547

 

 

$

2,117,270

 

Impaired Loans, Segregated by Class of Loans

The following table presents information related to impaired loans, excluding those purchased credit impaired loans which have not deteriorated since acquisition, by class of loans as of and for the year ended December 31, 2018.

 

December 31, 2018

 

Unpaid

Principal

Balance

 

 

Recorded

Investment

 

 

Allowance for

Loan Losses

Allocated

 

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

20,940

 

 

$

20,902

 

 

$

—

 

 

$

5,652

 

 

$

150

 

Commercial and industrial

 

 

3,446

 

 

 

3,396

 

 

 

—

 

 

 

5,629

 

 

 

66

 

Residential real estate

 

 

533

 

 

 

527

 

 

 

—

 

 

 

744

 

 

 

20

 

Agricultural real estate

 

 

2,038

 

 

 

2,035

 

 

 

—

 

 

 

1,364

 

 

 

18

 

Consumer

 

 

61

 

 

 

55

 

 

 

—

 

 

 

32

 

 

 

2

 

Agricultural

 

 

756

 

 

 

756

 

 

 

—

 

 

 

411

 

 

 

18

 

Subtotal

 

 

27,774

 

 

 

27,671

 

 

 

—

 

 

 

13,832

 

 

 

274

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

8,700

 

 

 

7,179

 

 

 

967

 

 

 

2,913

 

 

 

142

 

Commercial and industrial

 

 

2,255

 

 

 

1,911

 

 

 

214

 

 

 

1,068

 

 

 

53

 

Residential real estate

 

 

4,934

 

 

 

4,582

 

 

 

459

 

 

 

4,188

 

 

 

74

 

Agricultural real estate

 

 

261

 

 

 

242

 

 

 

24

 

 

 

429

 

 

 

2

 

Consumer

 

 

1,144

 

 

 

859

 

 

 

145

 

 

 

568

 

 

 

33

 

Agricultural

 

 

162

 

 

 

106

 

 

 

11

 

 

 

418

 

 

 

4

 

Subtotal

 

 

17,456

 

 

 

14,879

 

 

 

1,820

 

 

 

9,584

 

 

 

308

 

Total

 

$

45,230

 

 

$

42,550

 

 

$

1,820

 

 

$

23,416

 

 

$

582

 

 

The above table presents interest income for the twelve months ended December 31, 2018.  Interest income recognized in the above table was substantially recognized on the cash basis.  The recorded investment in loans excludes accrued interest receivable due to immateriality.

The following table presents information related to impaired loans, excluding purchased credit impaired loans which have not deteriorated since acquisition, by portfolio and class of loans as of and for the year ended December 31, 2017.

 

December 31, 2017

 

Unpaid

Principal

Balance

 

 

Recorded

Investment

 

 

Allowance for

Loan Losses

Allocated

 

 

Average

Recorded

Investment

 

 

Interest

Income

Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

$

1,878

 

 

$

1,567

 

 

$

—

 

 

$

1,426

 

 

$

267

 

Commercial and industrial

 

 

8,679

 

 

 

8,020

 

 

 

—

 

 

 

4,572

 

 

 

252

 

Residential real estate

 

 

1,230

 

 

 

969

 

 

 

—

 

 

 

587

 

 

 

29

 

Agricultural real estate

 

 

52

 

 

 

52

 

 

 

—

 

 

 

270

 

 

 

12

 

Consumer

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Agricultural

 

 

7

 

 

 

7

 

 

 

—

 

 

 

83

 

 

 

73

 

Subtotal

 

 

11,847

 

 

 

10,615

 

 

 

—

 

 

 

6,938

 

 

 

634

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

4,049

 

 

 

1,597

 

 

 

158

 

 

 

1,813

 

 

 

16

 

Commercial and industrial

 

 

1,310

 

 

 

1,113

 

 

 

108

 

 

 

663

 

 

 

51

 

Residential real estate

 

 

4,868

 

 

 

4,468

 

 

 

447

 

 

 

3,916

 

 

 

95

 

Agricultural real estate

 

 

1,266

 

 

 

1,034

 

 

 

129

 

 

 

527

 

 

 

16

 

Consumer

 

 

677

 

 

 

559

 

 

 

56

 

 

 

448

 

 

 

15

 

Agricultural

 

 

1,798

 

 

 

1,444

 

 

 

37

 

 

 

469

 

 

 

2

 

Subtotal

 

 

13,968

 

 

 

10,215

 

 

 

935

 

 

 

7,836

 

 

 

195

 

Total

 

$

25,815

 

 

$

20,830

 

 

$

935

 

 

$

14,774

 

 

$

829

 

 

Schedule of Aging of Recorded Investment in Past Due Loans by Segment and Class of Loans

The following tables present the aging of the recorded investment in past due loans as of December 31, 2018 and 2017, by portfolio and class of loans.

 

December 31, 2018

 

30 – 59

Days

Past Due

 

 

60 – 89

Days

Past Due

 

 

Greater Than

90 Days Past

Due Still On

Accrual

 

 

Nonaccrual

 

 

Loans Not

Past Due

 

 

Total

 

Commercial real estate

 

$

1,302

 

 

$

259

 

 

$

—

 

 

$

12,768

 

 

$

1,237,663

 

 

$

1,251,992

 

Commercial and industrial

 

 

509

 

 

 

2,467

 

 

 

—

 

 

 

6,954

 

 

 

572,597

 

 

 

582,527

 

Residential real estate

 

 

782

 

 

 

2,188

 

 

 

18

 

 

 

5,257

 

 

 

436,295

 

 

 

444,540

 

Agricultural real estate

 

 

—

 

 

 

30

 

 

 

—

 

 

 

4,857

 

 

 

134,445

 

 

 

139,332

 

Consumer

 

 

501

 

 

 

157

 

 

 

—

 

 

 

914

 

 

 

61,322

 

 

 

62,894

 

Agricultural

 

 

186

 

 

 

3

 

 

 

—

 

 

 

2,453

 

 

 

91,481

 

 

 

94,123

 

Total

 

$

3,280

 

 

$

5,104

 

 

$

18

 

 

$

33,203

 

 

$

2,533,803

 

 

$

2,575,408

 

 

December 31, 2017

 

30 – 59

Days

Past Due

 

 

60 – 89

Days

Past Due

 

 

Greater Than

90 Days Past

Due Still On

Accrual

 

 

Nonaccrual

 

 

Loans Not

Past Due

 

 

Total

 

Commercial real estate

 

$

1,284

 

 

$

22

 

 

$

—

 

 

$

11,607

 

 

$

974,748

 

 

$

987,661

 

Commercial and industrial

 

 

251

 

 

 

6

 

 

 

—

 

 

 

13,217

 

 

 

508,036

 

 

 

521,510

 

Residential real estate

 

 

1,457

 

 

 

1,176

 

 

—

 

 

 

6,148

 

 

 

367,924

 

 

 

376,705

 

Agricultural real estate

 

 

123

 

 

 

—

 

 

 

—

 

 

 

3,993

 

 

 

82,370

 

 

 

86,486

 

Consumer

 

 

359

 

 

 

112

 

 

 

—

 

 

 

559

 

 

 

48,331

 

 

 

49,361

 

Agricultural

 

 

415

 

 

 

—

 

 

 

—

 

 

 

4,752

 

 

 

90,380

 

 

 

95,547

 

Total

 

$

3,889

 

 

$

1,316

 

 

$

—

 

 

$

40,276

 

 

$

2,071,789

 

 

 

2,117,270

 

Summary of Risk Category of Loans by Class of Loans

The risk category of loans by class of loans is as follows as of December 31, 2018 and 2017.

 

December 31, 2018

 

Unclassified

 

 

Classified

 

 

Total

 

Commercial real estate

 

$

1,215,015

 

 

$

36,977

 

 

$

1,251,992

 

Commercial and industrial

 

 

553,045

 

 

 

29,482

 

 

 

582,527

 

Residential real estate

 

 

439,184

 

 

 

5,356

 

 

 

444,540

 

Agricultural real estate

 

 

129,285

 

 

 

10,047

 

 

 

139,332

 

Consumer

 

 

61,976

 

 

 

918

 

 

 

62,894

 

Agricultural

 

 

90,848

 

 

 

3,275

 

 

 

94,123

 

Total

 

$

2,489,353

 

 

$

86,055

 

 

 

2,575,408

 

 

December 31, 2017

 

Unclassified

 

 

Classified

 

 

Total

 

Commercial real estate

 

$

971,458

 

 

$

16,203

 

 

$

987,661

 

Commercial and industrial

 

 

500,141

 

 

 

21,369

 

 

 

521,510

 

Residential real estate

 

 

370,151

 

 

 

6,554

 

 

 

376,705

 

Agricultural real estate

 

 

77,084

 

 

 

9,402

 

 

 

86,486

 

Consumer

 

 

48,777

 

 

 

584

 

 

 

49,361

 

Agricultural

 

 

88,261

 

 

 

7,286

 

 

 

95,547

 

Total

 

$

2,055,872

 

 

$

61,398

 

 

 

2,117,270

 

Schedule of Recorded Investments in Purchased Credit Impaired Loans .  The recorded investments in purchased credit impaired loans as of December 31, 2018, 2017 and 2016 were as follows.

 

 

 

2018

 

 

2017

 

 

2016

 

Contractually required principal payments

 

$

40,772

 

 

$

41,349

 

 

$

27,413

 

Discount

 

 

(10,077

)

 

 

(12,492

)

 

 

(8,914

)

Recorded investment

 

$

30,695

 

 

$

28,857

 

 

$

18,499