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LOANS, ALLOWANCE FOR LOAN LOSSES AND IMPAIRED LOANS (Tables)
 6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Schedule of Loans by Risk Rating
Below is a summary of originated and acquired loans by type and risk rating as of June 30, 2021:
1 to 56789TOTAL
Originated Loans:
Commercial/Agricultural real estate:
Commercial real estate$419,278 $506 $781 $— $— $420,565 
Agricultural real estate41,425 378 1,122 — — 42,925 
Multi-family real estate113,491 299 — — — 113,790 
Construction and land development86,108 — 3,478 — — 89,586 
C&I/Agricultural operating:
Commercial and industrial77,758 16 3,009 — — 80,783 
Agricultural operating21,261 22 1,731 — — 23,014 
Residential mortgage:
Residential mortgage69,549 — 3,416 — — 72,965 
Purchased HELOC loans4,715 — 234 — — 4,949 
Consumer installment:
Originated indirect paper20,196 — 181 — — 20,377 
Other consumer10,250 — 46 — — 10,296 
Originated loans before SBA PPP loans864,031 1,221 13,998 — — 879,250 
 SBA PPP loans74,925 — — — — 74,925 
Total originated loans$938,956 $1,221 $13,998 $— $— $954,175 
Acquired Loans:
Commercial/Agricultural real estate:
Commercial real estate$124,647 $10,876 $3,974 $— $— $139,497 
Agricultural real estate24,576 — 5,164 — — 29,740 
Multi-family real estate7,401 — — — — 7,401 
Construction and land development961 202 39 — — 1,202 
C&I/Agricultural operating:
Commercial and industrial19,391 9 301 — — 19,701 
Agricultural operating4,482 — 411 — — 4,893 
Residential mortgage:
Residential mortgage31,782 — 1,999 — — 33,781 
Consumer installment:
Other consumer644 — 4 — — 648 
Total acquired loans$213,884 $11,087 $11,892 $— $— $236,863 
Total Loans:
Commercial/Agricultural real estate:
Commercial real estate$543,925 $11,382 $4,755 $— $— $560,062 
Agricultural real estate66,001 378 6,286 — — 72,665 
Multi-family real estate120,892 299 — — — 121,191 
Construction and land development87,069 202 3,517 — — 90,788 
Commercial/Agricultural non-real estate:
Commercial and industrial97,149 25 3,310 — — 100,484 
Agricultural operating25,743 22 2,142 — — 27,907 
Residential mortgage:
Residential mortgage101,331 — 5,415 — — 106,746 
Purchased HELOC loans4,715 — 234 — — 4,949 
Consumer installment:
Originated indirect paper20,196 — 181 — — 20,377 
Other Consumer10,894 — 50 — — 10,944 
Gross loans before SBA PPP Loans1,077,915 12,308 25,890 — — 1,116,113 
SBA PPP loans74,925 — — — — $74,925 
Gross loans$1,152,840 $12,308 $25,890 $— $— $1,191,038 
Less:
Unearned net deferred fees and costs and loans in process(5,133)
Unamortized discount on acquired loans(4,347)
Allowance for loan losses(16,845)
Loans receivable, net$1,164,713 
Below is a summary of originated and acquired loans by type and risk rating as of December 31, 2020:
1 to 56789TOTAL
Originated Loans:
Commercial/Agricultural real estate:
Commercial real estate$349,482 $543 $1,088 $— $— $351,113 
Agricultural real estate30,041 446 1,254 — — 31,741 
Multi-family real estate112,423 308 — — — 112,731 
Construction and land development87,763 — 3,478 — — 91,241 
C&I/Agricultural operating:
Commercial and industrial91,474 20 3,796 — — 95,290 
Agricultural operating22,462 934 1,061 — — 24,457 
Residential mortgage:
Residential mortgage82,097 7 4,179 — — 86,283 
Purchased HELOC loans5,959 — 301 — — 6,260 
Consumer installment:
Originated indirect paper25,616 — 235 — — 25,851 
Other Consumer11,986 — 70 — — 12,056 
Originated loans before SBA PPP loans819,303 2,258 15,462 — — 837,023 
SBA PPP loans123,702 — — — — 123,702 
Total originated loans$943,005 $2,258 $15,462 $— $— $960,725 
Acquired Loans:
Commercial/Agricultural real estate:
Commercial real estate$148,303 $4,274 $3,985 $— $— $156,562 
Agricultural real estate31,147 — 5,907 — — 37,054 
Multi-family real estate9,273 — 148 — — 9,421 
Construction and land development7,237 — 39 — — 7,276 
C&I/Agricultural operating:
Commercial and industrial20,918 9 336 — — 21,263 
Agricultural operating7,838 — 490 — — 8,328 
Residential mortgage:
Residential mortgage42,805 131 2,167 — — 45,103 
Consumer installment:
Other Consumer1,150 — 7 — — 1,157 
Total acquired loans$268,671 $4,414 $13,079 $— $— $286,164 
Total Loans:
Commercial/Agricultural real estate:
Commercial real estate$497,785 $4,817 $5,073 $— $— 507,675 
Agricultural real estate61,188 446 7,161 — — 68,795 
Multi-family real estate121,696 308 148 — — 122,152 
Construction and land development95,000 — 3,517 — — 98,517 
C&I/Agricultural operating:
Commercial and industrial112,392 29 4,132 — — 116,553 
Agricultural operating30,300 934 1,551 — — 32,785 
Residential mortgage:
Residential mortgage124,902 138 6,346 — — 131,386 
Purchased HELOC loans5,959 — 301 — — 6,260 
Consumer installment:
Originated indirect paper25,616 — 235 — — 25,851 
Other Consumer13,136 — 77 — — 13,213 
Gross loans before SBA PPP loans1,087,974 6,672 28,541 — — 1,123,187 
SBA PPP loans123,702 — — — — 123,702 
Gross loans$1,211,676 $6,672 $28,541 $— $— $1,246,889 
Less:
Unearned net deferred fees and costs and loans in process(4,245)
Unamortized discount on acquired loans(5,063)
Allowance for loan losses(17,043)
Loans receivable, net$1,220,538 
Schedule of SBA PPP Loans by Round Activity
The following table summarizes SBA PPP loans at June 30, 2021 and December 31, 2020:
(Dollars in Millions)
2020 Originations2021 OriginationsTotal
BalanceNet Deferred Fee IncomeBalanceNet Deferred Fee IncomeBalanceNet Deferred Fee Income
SBA PPP Loans, December 31, 2020$123,702 $2,991 $— $— $123,702 $2,991 
2021 SBA PPP Loan Originations— — 55,790 3,485 55,790 3,485 
Less: 2021 SBA PPP Loan Forgiveness and Fee Accretion(102,295)(2,683)(2,272)(376)(104,567)(3,059)
Balance, June 30, 2021$21,407 $308 $53,518 $3,109 $74,925 $3,417 
Schedule of Changes of Impaired Loans and Non-Impaired Loans
Changes in the ALL by loan type for the periods presented below were as follows:
Commercial/Agriculture Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Three months ended June 30, 2021
Allowance for Loan Losses:
Beginning balance, April 1, 2021$11,109 $1,633 $941 $450 $895 $15,028 
Charge-offs(51)— — (12)— (63)
Recoveries1 30 2 21 — 54 
Provision(169)519 (172)(97)(40)41 
Allowance allocation adjustment— — 
Total Allowance on originated loans10,890 2,182 771 362 855 15,060 
Purchased credit impaired loans— — — — — — 
Other acquired loans:
Beginning balance, April 1, 20211,301 94 388 49 — 1,832 
Charge-offs— (7)— (3)— (10)
Recoveries— 3 1 — — 4 
Provision167 (9)(158)(41)— (41)
Allowance allocation adjustment— — 
Total Allowance on other acquired loans1,468 81 231 5 — 1,785 
Total Allowance on acquired loans1,468 81 231 5 — 1,785 
Ending balance, June 30, 2021$12,358 $2,263 $1,002 $367 $855 $16,845 
Commercial/Agriculture Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Six months ended June 30, 2021
Allowance for Loan Losses:
Beginning balance, January 1, 2021$10,271 $2,112 $1,041 $489 $906 $14,819 
Charge-offs(51)— — (37)— (88)
Recoveries6 38 9 31 — 84 
Provision664 32 (279)(121)(51)245 
Total Allowance on originated loans10,890 2,182 771 362 855 15,060 
Purchased credit impaired loans— — — — — — 
Other acquired loans:
Beginning balance, January 1, 20211,684 141 335 64 — 2,224 
Charge-offs(200)(7)— (3)— (210)
Recoveries— 10 2 4 — 16 
Provision(16)(63)(106)(60)— (245)
Total Allowance on other acquired loans1,468 81 231 5 — 1,785 
Total Allowance on acquired loans1,468 81 231 5 — 1,785 
Ending balance, June 30, 2021$12,358 $2,263 $1,002 $367 $855 $16,845 
Allowance for Loan Losses at June 30, 2021:
Amount of allowance for loan losses arising from loans individually evaluated for impairment$796 $527 $144 $— $— $1,467 
Amount of allowance for loan losses arising from loans collectively evaluated for impairment$11,562 $1,736 $858 $367 $855 $15,378 
Loans Receivable as of June 30, 2021— 
Ending balance of originated loans$666,866 $178,722 $77,914 $30,673 $— $954,175 
Ending balance of purchased credit-impaired loans14,069 1,252 1,115 — — 16,436 
Ending balance of other acquired loans163,771 23,342 32,666 648 — 220,427 
Ending balance of loans$844,706 $203,316 $111,695 $31,321 $— $1,191,038 
Ending balance: individually evaluated for impairment$23,607 $6,598 $8,385 $277 $— $38,867 
Ending balance: collectively evaluated for impairment$821,099 $196,718 $103,310 $31,044 $— $1,152,171 
Commercial/Agriculture Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Three months ended June 30, 2020
Allowance for Loan Losses:
Beginning balance, April 1, 2020$7,277 $1,659 $924 $530 $460 $10,850 
Charge-offs— (222)— (65)— (287)
Recoveries— — — 17 — 17 
Provision1,020 341 56 (2)114 1,529 
Total Allowance on originated loans8,297 1,778 980 480 574 12,109 
Purchased credit impaired loans— — — — — — 
Other acquired loans:
Beginning balance, April 1, 2020665 160 115 45 — 985 
Charge-offs— (24)— — — (24)
Recoveries76 — 6 — — 82 
Provision5 198 (9)27 — 221 
Total Allowance on other acquired loans746 334 112 72 — 1,264 
Total Allowance on acquired loans746 334 112 72 — 1,264 
Ending balance, June 30, 2020$9,043 $2,112 $1,092 $552 $574 $13,373 
Commercial/Agriculture Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Six months ended June 30, 2020
Allowance for Loan Losses:
Beginning balance, January 1, 2020$6,205 $1,643 $879 $467 $357 $9,551 
Charge-offs— (529)— (114)— (643)
Recoveries— — 5 37 — 42 
Provision2,092 664 96 90 217 3,159 
Total Allowance on originated loans$8,297 $1,778 $980 $480 $574 $12,109 
Purchased credit impaired loans— — — — — — 
Other acquired loans
Beginning balance, January 1, 2020526 27 163 53 — 769 
Charge-offs— (159)(27)(2)— (188)
Recoveries76 — 14 2 — 92 
Provision144 466 (38)19 — 591 
Total Allowance on other acquired loans746 334 112 72 — 1,264 
Total Allowance on acquired loans746 334 112 72 — 1,264 
Ending balance, June 30, 2020$9,043 $2,112 $1,092 $552 $574 $13,373 
Allowance for Loan Losses at June 30, 2020:
Amount of allowance for loan losses arising from loans individually evaluated for impairment$815 $181 $101 $1 $— $1,098 
Amount of allowance for loan losses arising from loans collectively evaluated for impairment$8,228 $1,931 $991 $551 $574 $12,275 
Loans Receivable as of June 30, 2020:
Ending balance of originated loans$535,001 $243,512 $102,525 $46,206 $— $927,244 
Ending balance of purchased credit-impaired loans22,452 2,559 1,788 — — 26,799 
Ending balance of other acquired loans244,235 39,042 54,972 1,639 — 339,888 
Ending balance of loans$801,688 $285,113 $159,285 $47,845 $— $1,293,931 
Ending balance: individually evaluated for impairment$34,285 $7,583 $9,443 $377 $— $51,688 
Ending balance: collectively evaluated for impairment$767,403 $277,530 $149,842 $47,468 $— $1,242,243 
Commercial/Agriculture Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Allowance for Loan Losses at December 31, 2020:
Amount of allowance for loan losses arising from loans individually evaluated for impairment$698 $190 $226 $1 $— $1,115 
Amount of allowance for loan losses arising from loans collectively evaluated for impairment$11,257 $2,063 $1,150 $552 $906 $15,928 
Loans Receivable as of December 31, 2020:
Ending balance of originated loans$586,826 $243,449 $92,543 $37,907 $— $960,725 
Ending balance of purchased credit-impaired loans15,100 1,534 1,312 — — 17,946 
Ending balance of other acquired loans195,213 28,057 43,791 1,157 — 268,218 
Ending balance of loans$797,139 $273,040 $137,646 $39,064 $— $1,246,889 
Ending balance: individually evaluated for impairment$26,303 $7,115 $9,621 $358 $— $43,397 
Ending balance: collectively evaluated for impairment$770,836 $265,925 $128,025 $38,706 $— $1,203,492 
Schedule of Loans Receivable
Loans receivable by loan type as of the end of the periods shown below were as follows:
 Commercial/Agriculture Real Estate LoansC&I/Agricultural OperatingResidential MortgageConsumer InstallmentTotals
 June 30, 2021December 31, 2020June 30, 2021December 31, 2020June 30, 2021December 31, 2020June 30, 2021December 31, 2020June 30, 2021December 31, 2020
Performing loans
Performing TDR loans$4,841 $4,695 $3,803 $3,836 $2,912 $3,142 $47 $49 $11,603 $11,722 
Performing loans other835,122 786,533 198,037 266,975 106,480 131,470 31,178 38,856 1,170,817 1,223,834 
Total performing loans839,963 791,228 201,840 270,811 109,392 134,612 31,225 38,905 1,182,420 1,235,556 
Nonperforming loans (1)
Nonperforming TDR loans3,457 4,691 666 1,287 862 777 9 — 4,994 6,755 
Nonperforming loans other1,286 1,220 810 942 1,441 2,257 87 159 3,624 4,578 
Total nonperforming loans4,743 5,911 1,476 2,229 2,303 3,034 96 159 8,618 11,333 
Total loans$844,706 $797,139 $203,316 $273,040 $111,695 $137,646 $31,321 $39,064 $1,191,038 $1,246,889 
(1)Nonperforming loans are either 90+ days past due or nonaccrual.
Schedule of Aging Analysis of the Bank Real Estate and Consumer Loans
An aging analysis of the Company’s commercial/agricultural real estate, C&I, agricultural operating, residential mortgage, consumer installment and purchased third party loans as of June 30, 2021 and December 31, 2020, respectively, was as follows:
30-59 Days Past Due and Accruing60-89 Days Past Due and AccruingGreater Than 89 Days Past Due and AccruingTotal
Past Due and Accruing		Nonaccrual LoansTotal Past Due Accruing and Nonaccrual LoansCurrentTotal
Loans
June 30, 2021
Commercial/Agricultural real estate:
Commercial real estate$480 $— $— $480 $1,027 $1,507 $558,555 $560,062 
Agricultural real estate5 — — 5 3,716 3,721 68,944 72,665 
Multi-family real estate— — — — — — 121,191 121,191 
Construction and land development— — — — — — 90,788 90,788 
C&I/Agricultural operating:
Commercial and industrial175 — — 175 313 488 99,996 100,484 
C&I SBA PPP loans— — — — — — 74,925 74,925 
Agricultural operating287 — — 287 1,163 1,450 26,457 27,907 
Residential mortgage:
Residential mortgage979 673 536 2,188 1,534 3,722 103,024 106,746 
Purchased HELOC loans117 94 — 211 234 445 4,504 4,949 
Consumer installment:
Originated indirect paper113 14 5 132 63 195 20,182 20,377 
Other Consumer41 33 2 76 25 101 10,843 10,944 
Total $2,197 $814 $543 $3,554 $8,075 $11,629 $1,179,409 $1,191,038 
December 31, 2020
Commercial/Agricultural real estate:
Commercial real estate$9,568 $467 $— $10,035 $679 $10,714 $496,961 $507,675 
Agricultural real estate411 48 — 459 5,084 5,543 63,252 68,795 
Multi-family real estate308 — — 308 148 456 121,696 122,152 
Construction and land development3,898 — — 3,898 — 3,898 94,619 98,517 
C&I/Agricultural operating:
Commercial and industrial436 491 — 927 357 1,284 115,269 116,553 
SBA PPP loans— — — — — — 123,702 123,702 
Agricultural operating1,499 200 — 1,699 1,872 3,571 29,214 32,785 
Residential mortgage:
Residential mortgage2,238 372 516 3,126 2,217 5,343 126,043 131,386 
Purchased HELOC loans338 94 67 499 234 733 5,527 6,260 
Consumer installment:
Originated indirect paper90 37 — 127 133 260 25,591 25,851 
Other Consumer100 14 3 117 23 140 13,073 13,213 
Total $18,886 $1,723 $586 $21,195 $10,747 $31,942 $1,214,947 $1,246,889 
Schedule of Bank Impaired Loans
A summary of the Company’s impaired loans as of June 30, 2021, December 31, 2020 and June 30, 2020 was as follows:
Three Months EndedSix Months Ended
 Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income RecognizedAverage Recorded InvestmentInterest Income Recognized
June 30, 2021
With No Related Allowance Recorded:
Commercial/agriculture real estate$22,416 $22,416 $— $21,065 $252 $23,215 $491 
C&I/Agricultural operating3,517 3,517 — 4,818 20 4,926 90 
Residential mortgage7,705 7,705 — 7,948 81 8,124 161 
Consumer installment277 277 — 266 3 317 6 
Total $33,915 $33,915 $— $34,097 $356 $36,582 $748 
With An Allowance Recorded:
Commercial/agriculture real estate$1,191 $1,191 $796 $3,213 $— $1,741 $62 
C&I/Agricultural operating3,081 3,081 527 1,580 41 1,931 41 
Residential mortgage680 680 144 666 7 880 15 
Consumer installment— — — — — 1 — 
Total$4,952 $4,952 $1,467 $5,459 $48 $4,553 $118 
June 30, 2021 Totals:
Commercial/agriculture real estate$23,607 $23,607 $796 $24,278 $252 $24,956 $553 
C&I/Agricultural operating6,598 6,598 527 6,398 61 6,857 131 
Residential mortgage8,385 8,385 144 8,614 88 9,004 176 
Consumer installment277 277 — 266 3 318 6 
Total$38,867 $38,867 $1,467 $39,556 $404 $41,135 $866 
 Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized
December 31, 2020
With No Related Allowance Recorded:
Commercial/agriculture real estate$24,013 $24,013 $— $32,264 $1,894 
C&I/Agricultural operating6,334 6,334 — 7,906 284 
Residential mortgage8,542 8,542 — 8,619 450 
Consumer installment356 356 — 368 30 
Total$39,245 $39,245 $— $49,157 $2,658 
With An Allowance Recorded:
Commercial/agriculture real estate$2,290 $2,290 $698 $2,217 $100 
C&I/Agricultural operating781 781 190 636 22 
Residential mortgage1,079 1,079 226 1,255 54 
Consumer installment2 2 1 35 1 
Total$4,152 $4,152 $1,115 $4,143 $177 
December 31, 2020 Totals
Commercial/agriculture real estate$26,303 $26,303 $698 $34,481 $1,994 
C&I/Agricultural operating7,115 7,115 190 8,542 306 
Residential mortgage9,621 9,621 226 9,874 504 
Consumer installment358 358 1 403 31 
Total$43,397 $43,397 $1,115 $53,300 $2,835 

Three Months EndedSix Months Ended
 Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income RecognizedAverage Recorded InvestmentInterest Income Recognized
June 30, 2020
With No Related Allowance Recorded:
Commercial/agriculture real estate$30,268 $30,268 $— $32,114 $369 $35,391 $932 
C&I/Agricultural operating7,280 7,280 — 7,812 44 8,379 163 
Residential mortgage8,621 8,621 — 8,294 125 8,658 241 
Consumer installment363 363 — 380 8 371 16 
Total $46,532 $46,532 $— $48,600 $546 $52,799 $1,352 
With An Allowance Recorded:
Commercial/agriculture real estate$4,017 $4,017 $815 $3,264 $12 $3,080 $18 
C&I/Agricultural operating303 303 181 360 1 397 6 
Residential mortgage822 822 101 1,541 4 1,127 34 
Consumer installment14 14 1 57 — 41 1 
Total$5,156 $5,156 $1,098 $5,222 $17 $4,645 $59 
June 30, 2020 Totals:
Commercial/agriculture real estate$34,285 $34,285 $815 $35,378 $381 $38,471 $950 
C&I/Agricultural operating7,583 7,583 181 8,172 45 8,776 169 
Residential mortgage9,443 9,443 101 9,835 129 9,785 275 
Consumer installment377 377 1 437 8 412 17 
Total$51,688 $51,688 $1,098 $53,822 $563 $57,444 $1,411 
Schedule of Troubled Debt Restructuring
Following is a summary of TDR loans by accrual status as of June 30, 2021 and December 31, 2020.
June 30, 2021December 31, 2020
Troubled debt restructure loans:
Accrual status$11,736 $11,742 
Non-accrual status4,861 6,735 
Total$16,597 $18,477 
The following provides detail, including specific reserve and reasons for modification, related to loans identified as TDRs during the three and six months ended June 30, 2021 and June 30, 2020:     
Number of ContractsMaturity ExtensionModified PaymentModified Under- writingOtherPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentSpecific Reserve
Three months ended June 30, 2021
TDRs:
Commercial/agriculture real estate1 $1 $— $— $— $1 $1 $— 
C&I/Agricultural operating— — — — — — — — 
Residential mortgage— — — — — — — — 
Consumer installment1 — — 18 — 18 18 — 
Totals2 $1 $— $18 $— $19 $19 $— 
Number of ContractsMaturity ExtensionModified PaymentModified Under- writingOtherPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentSpecific Reserve
Six months ended June 30, 2021
TDRs:
Commercial/agriculture real estate3 $39 $81 $— $— $120 $120 $— 
C&I/Agricultural operating1 — — 240 — 240 240 — 
Residential mortgage2 66 — 14 — 80 80 — 
Consumer installment2 6 — 18 — 24 24 — 
Totals8 $111 $81 $272 $— $464 $464 $— 
Number of ContractsMaturity ExtensionModified PaymentModified Under- writingOtherPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentSpecific Reserve
Three months ended June 30, 2020
TDRs:
Commercial/agriculture real estate6 $644 $198 $— $— $842 $842 $— 
C&I/Agricultural operating3 295 78 — — 373 373 — 
Residential mortgage4 89 358 — — 447 447 — 
Consumer installment— — — — — — — — 
Totals13 $1,028 $634 $— $— $1,662 $1,662 $— 
Number of ContractsMaturity ExtensionModified PaymentModified Under- writingOtherPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentSpecific Reserve
Six months ended June 30, 2020
TDRs:
Commercial/agriculture real estate9 $892 $198 $17 $— $1,107 $1,107 $— 
C&I/Agricultural operating3 295 78 — — 373 373 — 
Residential mortgage5 89 358 85 — 532 532 — 
Consumer installment2 3 — 4 — 7 7 — 
Totals19 $1,279 $634 $106 $— $2,019 $2,019 $— 

A summary of loans by loan segment modified in a troubled debt restructuring as of June 30, 2021 and June 30, 2020, was as follows:
 June 30, 2021June 30, 2020
 Number of
Modifications		Recorded
Investment		Number of
Modifications		Recorded
Investment
Troubled debt restructurings:
Commercial/agriculture real estate25 $8,298 34 $7,140 
C&I/Agricultural operating10 4,469 17 2,580 
Residential mortgage48 3,774 43 3,336 
Consumer installment8 56 8 63 
Total troubled debt restructurings91 $16,597 102 $13,119 
The following table provides the number of loans modified in a TDR during the previous twelve months which subsequently defaulted during the three and six months ended June 30, 2021 and June 30, 2020, as well as the recorded investment in these restructured loans as of June 30, 2021 and June 30, 2020:
Three Months Ended
 June 30, 2021June 30, 2020
 Number of
Modifications		Recorded
Investment		Number of
Modifications		Recorded
Investment
Troubled debt restructurings:
Commercial/agriculture real estate— $— — $— 
C&I/Agricultural operating— — — — 
Residential mortgage— — — — 
Consumer installment— — — — 
Total troubled debt restructurings— $— — $— 
    
Six Months Ended
 June 30, 2021June 30, 2020
 Number of
Modifications		Recorded
Investment		Number of
Modifications		Recorded
Investment
Troubled debt restructurings:
Commercial/agriculture real estate— $— 5 $1,892 
C&I/Agricultural operating— — — — 
Residential mortgage1 19 — — 
Consumer installment— — — — 
Total troubled debt restructurings1$19 5 $1,892 
Schedule of Acquired Loans The outstanding balance and the carrying amount of acquired loans included in the consolidated balance sheet are as follows:
 June 30, 2021December 31, 2020
Accountable for under ASC 310-30 (Purchased Credit Impaired “PCI” loans)
Outstanding balance$16,436 $17,946 
Carrying amount$15,613 $16,859 
Accountable for under ASC 310-20 (non-PCI loans)
Outstanding balance$220,427 $268,218 
Carrying amount$216,903 $264,242 
Total acquired loans
Outstanding balance$236,863 $286,164 
Carrying amount$232,516 $281,101 
Schedule of Accretable Yield
The following table provides changes in accretable yield for all acquired loans from prior acquisitions with deteriorated credit quality:
 20212020
Balance at beginning of period, January 1$3,976 $3,201 
Acquisitions— — 
Reduction due to unexpected early payoffs(90)(99)
Reclass from non-accretable difference169 1,410 
Accretion(531)(480)
Balance at end of period, June 30$3,524 $4,032 
Schedule of Non-Accretable Yield
The following table provides changes in non-accretable yield for all acquired loans from prior acquisitions with deteriorated credit quality:
 June 30, 2021December 31, 2020
Balance at beginning of period$1,087 $6,290 
Additions to non-accretable difference for acquired purchased credit impaired loans— — 
Non-accretable difference realized as interest from payoffs of purchased credit impaired loans(95)(1,693)
Transfers from non-accretable difference to accretable discount(169)(2,754)
Non-accretable difference used to reduce loan principal balance— (505)
Non-accretable difference transferred to OREO due to loan foreclosure— (251)
Balance at end of period$823 $1,087