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LOANS, ALLOWANCE FOR LOAN LOSSES AND IMPAIRED LOANS (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Major Classifications of Loans
Loans by classes within portfolio segments were as follows:
December 31, 2021December 31, 2020
Originated Loans:
Commercial/Agricultural real estate:
Commercial real estate$578,395 $351,113 
Agricultural real estate52,372 31,741 
Multi-family real estate174,050 112,731 
Construction and land development78,613 91,241 
C&I/Agricultural operating:
Commercial and industrial107,937 95,290 
Agricultural operating26,202 24,457 
Residential mortgage:
Residential mortgage63,855 86,283 
Purchased HELOC loans3,871 6,260 
Consumer installment:
Originated indirect paper15,971 25,851 
Other Consumer8,473 12,056 
Total originated loans before SBA PPP loans$1,109,739 $837,023 
SBA PPP loans8,755 123,702 
Total originated loans$1,118,494 $960,725 
Acquired Loans:
Commercial/Agricultural real estate:
Commercial real estate$120,070 $156,562 
Agricultural real estate26,123 37,054 
Multi-family real estate4,299 9,421 
Construction and land development907 7,276 
C&I/Agricultural operating:
Commercial and industrial14,230 21,263 
Agricultural operating5,386 8,328 
Residential mortgage:
Residential mortgage27,135 45,103 
Consumer installment:
Other Consumer401 1,157 
Total acquired loans$198,551 $286,164 
Total Loans:
Commercial/Agricultural real estate:
Commercial real estate$698,465 $507,675 
Agricultural real estate78,495 68,795 
Multi-family real estate178,349 122,152 
Construction and land development79,520 98,517 
C&I/Agricultural operating:
Commercial and industrial122,167 116,553 
Agricultural operating31,588 32,785 
Residential mortgage:
Residential mortgage90,990 131,386 
Purchased HELOC loans3,871 6,260 
Consumer installment:
Originated indirect paper15,971 25,851 
Other Consumer8,874 13,213 
Total loans before SBA PPP loans$1,308,290 $1,123,187 
SBA PPP loans8,755 123,702 
Gross loans$1,317,045 $1,246,889 
Less:
Unearned net deferred fees and costs and loans in process(2,482)(4,245)
Unamortized discount on acquired loans(3,600)(5,063)
Allowance for loan losses(16,913)(17,043)
Loans receivable, net$1,294,050 $1,220,538 
Schedule of Loans by Risk Rating
Below is a breakdown of loans by risk rating as of December 31, 2021:
1 to 56789TOTAL
Originated Loans:
Commercial/Agricultural real estate:
Commercial real estate$572,724 $667 $5,004 $— $— $578,395 
Agricultural real estate50,834 1,267 271 — — 52,372 
Multi-family real estate173,760 290 — — — 174,050 
Construction and land development75,146 — 3,467 — — 78,613 
C&I/Agricultural operating:
Commercial and industrial107,798 57 82 — — 107,937 
Agricultural operating23,935 764 1,503 — — 26,202 
Residential mortgage:
Residential mortgage60,754 — 3,101 — — 63,855 
Purchased HELOC loans3,706 — 165 — — 3,871 
Consumer installment:
Originated indirect paper15,818 — 153 — — 15,971 
Other Consumer8,404 — 69 — — 8,473 
Total originated loans before SBA PPP loans1,092,879 3,045 13,815 — — 1,109,739 
SBA PPP loans8,755 — — — — 8,755 
Total originated loans$1,101,634 $3,045 $13,815 $— $— $1,118,494 
Acquired Loans:
Commercial/Agricultural real estate:
Commercial real estate$116,839 $1,314 $1,917 $— $— $120,070 
Agricultural real estate21,051 — 5,072 — — 26,123 
Multi-family real estate4,299 — — — — 4,299 
Construction and land development735 172 — — — 907 
C&I/Agricultural operating:
Commercial and industrial13,931 5 294 — — 14,230 
Agricultural operating4,936 — 450 — — 5,386 
Residential mortgage:
Residential mortgage25,869 — 1,266 — — 27,135 
Consumer installment:
Other Consumer398 — 3 — — 401 
Total acquired loans$188,058 $1,491 $9,002 $— $— $198,551 
Total Loans:
Commercial/Agricultural real estate:
Commercial real estate$689,563 $1,981 $6,921 $— $— $698,465 
Agricultural real estate71,885 1,267 5,343 — — 78,495 
Multi-family real estate178,059 290 — — — 178,349 
Construction and land development75,881 172 3,467 — — 79,520 
C&I/Agricultural operating:
Commercial and industrial121,729 62 376 — — 122,167 
Agricultural operating28,871 764 1,953 — — 31,588 
Residential mortgage:
Residential mortgage86,623 — 4,367 — — 90,990 
Purchased HELOC loans3,706 — 165 — — 3,871 
Consumer installment:
Originated indirect paper15,818 — 153 — — 15,971 
Other Consumer8,802 — 72 — — 8,874 
Gross loans before SBA PPP loans$1,280,937 $4,536 $22,817 $— $— $1,308,290 
SBA PPP loans8,755 — — — — 8,755 
Gross loans$1,289,692 $4,536 $22,817 $— $— 1,317,045 
Less:
Unearned net deferred fees and costs and loans in process(2,482)
Unamortized discount on acquired loans(3,600)
Allowance for loan losses(16,913)
Loans receivable, net$1,294,050 
Below is a breakdown of loans by 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 
Total originated loans before SBA PPP loans$819,303 $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 loans$1,087,974 $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 Changes in Loans A summary of the changes in those loans is as follows:
Twelve months endedTwelve months ended
 December 31, 2021December 31, 2020
Balance—beginning of period$26,483 $20,367 
New loan originations14,992 7,230 
Repayments(9,052)(1,114)
Balance—end of period$32,423 $26,483 
Available and unused lines of credit$75 $187 
Schedule of Changes in Specific Component on Impaired Loans and General Component for Non-Impaired Loans
Changes in the ALL by loan type for the periods presented below were as follows:
Commercial/Agricultural Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Twelve months ended December 31, 2021:
Allowance for Loan Losses:
Beginning balance, January 1, 2021$10,271 $2,112 $1,041 $489 $906 $14,819 
Charge-offs(51)— — (54)— (105)
Recoveries14 110 9 41 — 174 
Provision2,120 (263)(532)(251)(132)942 
Total Allowance on originated loans$12,354 $1,959 $518 $225 $774 $15,830 
Other acquired loans:
Beginning balance, January 1, 2021$1,684 $141 $335 $64 $— $2,224 
Charge-offs(200)(7)— (27)— (234)
Recoveries14 13 4 4 — 35 
Provision(642)(78)(209)(13)— (942)
Total allowance on other acquired loans$856 $69 $130 $28 $— $1,083 
Total allowance on acquired loans$856 $69 $130 $28 $— $1,083 
Ending Balance, December 31, 2021$13,210 $2,028 $648 $253 $774 $16,913 
Allowance for Loan Losses at December 31, 2021:
Amount of allowance for loan losses arising from loans individually evaluated for impairment$797 $99 $113 $— $— $1,009 
Amount of allowance for loan losses arising from loans collectively evaluated for impairment$12,413 $1,929 $535 $253 $774 $15,904 
Loans Receivable as of December 31, 2021:
Ending balance of originated loans$883,430 $142,894 $67,726 $24,444 $— $1,118,494 
Ending balance of purchased credit-impaired loans9,060 1,101 1,044 — — 11,205 
Ending balance of other acquired loans142,339 18,515 26,091 401 — 187,346 
Ending balance of loans$1,034,829 $162,510 $94,861 $24,845 $— $1,317,045 
Ending balance: individually evaluated for impairment$21,792 $3,337 $7,007 $257 $— $32,393 
Ending balance: collectively evaluated for impairment$1,013,037 $159,173 $87,854 $24,588 $— $1,284,652 
Commercial/Agricultural Real EstateC&I/Agricultural operatingResidential MortgageConsumer InstallmentUnallocatedTotal
Twelve months ended December 31, 2020:
Allowance for Loan Losses:
Beginning balance, January 1, 2020$6,205 $1,643 $879 $467 $357 $9,551 
Charge-offs— (932)(5)(145)— (1,082)
Recoveries75 8 7 69 — 159 
Provision3,991 1,393 160 98 549 6,191 
Total Allowance on originated loans$10,271 $2,112 $1,041 $489 $906 $14,819 
Other acquired loans:
Beginning balance, January 1, 2020$526 $27 $163 $53 $— $769 
Charge-offs— (159)(74)(3)— (236)
Recoveries77 33 15 7 — 132 
Provision1,081 240 231 7 — 1,559 
Total Allowance on other acquired loans$1,684 $141 $335 $64 $— $2,224 
Total Allowance on acquired loans$1,684 $141 $335 $64 $— $2,224 
Ending balance, December 31, 2020$11,955 $2,253 $1,376 $553 $906 $17,043 
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/Agricultural Real Estate LoansC&I/Agricultural operatingResidential MortgageConsumer InstallmentTotals
Dec 31,Dec 31,Dec 31,Dec 31,Dec 31,Dec 31,Dec 31,Dec 31,Dec 31,Dec 31,
 20212020202120202021202202120220212020
Performing loans
Performing TDR loans$4,618 $4,695 $649 $3,836 $2,681 $3,142 $36 $49 $7,984 $11,722 
Performing loans other1,021,346 786,533 160,570 266,975 90,591 131,470 24,729 38,856 1,297,236 1,223,834 
Total performing loans1,025,964 791,228 161,219 270,811 93,272 134,612 24,765 38,905 1,305,220 1,235,556 
Nonperforming loans (1)
Nonperforming TDR loans3,389 4,691 554 1,287 593 777 3 — 4,539 6,755 
Nonperforming loans other5,476 1,220 737 942 996 2,257 77 159 7,286 4,578 
Total nonperforming loans8,865 5,911 1,291 2,229 1,589 3,034 80 159 11,825 11,333 
Total loans$1,034,829 $797,139 $162,510 $273,040 $94,861 $137,646 $24,845 $39,064 $1,317,045 $1,246,889 
(1)Nonperforming loans are either 90+ days past due or nonaccrual.
Schedule of Aging Analysis of Bank Real Estate and Consumer Loans
An aging analysis of the Company’s commercial/agricultural real estate and non-real estate, consumer real estate and non-real estate and purchased third party loans as of December 31, 2021 and 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 AccruingNonaccrual LoansCurrentTotal Loans
December 31, 2021
Commercial/Agricultural real estate:
Commercial real estate$36 $— $— $36 $5,374 $693,055 $698,465 
Agricultural real estate498 4 — 502 3,490 74,503 78,495 
Multi-family real estate— — — — — 178,349 178,349 
Construction and land development— — — — — 79,520 79,520 
C&I/Agricultural operating:
Commercial and industrial— 32 — 32 298 121,837 122,167 
SBA PPP loans— — — — — 8,7558,755 
Agricultural operating1,123 — — 1,123 993 29,472 31,588 
Residential mortgage:
Residential mortgage1,471 487 156 2,114 1,268 87,608 90,990 
Purchased HELOC loans117 — — 117 165 3,589 3,871 
Consumer installment:
Originated indirect paper38 27 — 65 55 15,851 15,971 
Other Consumer58 10 4 72 22 8,780 8,874 
Total$3,341 $560 $160 $4,061 $11,665 $1,301,319 $1,317,045 
December 31, 2020
Commercial/Agricultural real estate:
Commercial real estate$9,568 $467 $— $10,035 $679 $496,961 $507,675 
Agricultural real estate411 48 — 459 5,084 63,252 68,795 
Multi-family real estate308 — — 308 148 121,696 122,152 
Construction and land development3,898 — — 3,898 — 94,619 98,517 
C&I/Agricultural operating:
Commercial and industrial436 491 — 927 357 115,269 116,553 
SBA PPP loans— — — — — 123,702123,702 
Agricultural operating1,499 200 — 1,699 1,872 29,21432,785 
Residential mortgage:
Residential mortgage2,238 372 516 3,126 2,217 126,043131,386
Purchased HELOC loans338 94 67 499 234 5,5276,260
Consumer installment:
Originated indirect paper90 37 — 127 133 25,59125,851
Other Consumer100 14 3 117 23 13,07313,213
Total$18,886 $1,723 $586 $21,195 $10,747 $1,214,947 $1,246,889 
Schedule of Bank Impaired Loans
A summary of loans evaluated for impairment as of December 31, 2021 was as follows:
 Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized
December 31, 2021
With No Related Allowance Recorded:
Commercial/Agricultural real estate$15,521 $15,905 $— $19,412 $964 
C&I/Agricultural operating3,153 3,337 — 4,622 146 
Residential mortgage6,221 6,306 — 7,316 316 
Consumer installment256 256 — 306 85 
Total$25,151 $25,804 $— $31,656 $1,511 
With An Allowance Recorded:
Commercial/Agricultural real estate$5,887 $5,887 $797 $4,089 $62 
C&I/Agricultural operating— — 99 391 84 
Residential mortgage701 701 113 890 17 
Consumer installment1 1 — 2 — 
Total$6,589 $6,589 $1,009 $5,372 $163 
December 31, 2021 Totals
Commercial/Agricultural real estate$21,408 $21,792 $797 $23,501 $1,026 
C&I/Agricultural operating3,153 3,337 99 5,013 230 
Residential mortgage6,922 7,007 113 8,206 333 
Consumer installment257 257 — 308 85 
Total$31,740 $32,393 $1,009 $37,028 $1,674 
A summary of loans evaluated for impairment as of December 31, 2020 was as follows:
 Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded InvestmentInterest Income Recognized
December 31, 2020
With No Related Allowance Recorded:
Commercial/Agricultural real estate$23,302 $24,013 $— $29,657 $1,894 
C&I/Agricultural operating6,090 6,334 — 7,025 284 
Residential mortgage8,410 8,542 — 8,418 450 
Consumer installment356 356 — 368 30 
Total$38,158 $39,245 $— $45,468 $2,658 
With An Allowance Recorded:
Commercial/Agricultural 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/Agricultural real estate$25,592 $26,303 $698 $31,874 $1,994 
C&I/Agricultural operating6,871 7,115 190 7,661 306 
Residential mortgage9,489 9,621 226 9,673 504 
Consumer installment358 358 1 403 31 
Total$42,310 $43,397 $1,115 $49,611 $2,835 
Schedule of Troubled Debt Restructuring, Loans by Accrual Status
Following is a summary of TDR loans by accrual status as of December 31, 2021 and December 31, 2020.
 December 31December 31
 20212020
Troubled debt restructure loans:
Accrual status$7,984 $11,742 
Non-accrual status4,539 6,735 
Total$12,523 $18,477 
Schedule of Troubled Debt Restructuring
The following provides detail, including specific reserve and reasons for modification, related to loans identified as TDRs during the years ended December 31, 2021 and December 31, 2020:
Number of ContractsModified RateModified PaymentModified Under- writingOtherPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentSpecific Reserve
Twelve months ended December 31, 2021
TDRs:
Commercial/Agricultural real estate3 $39 $81 $— $— $120 $120 $— 
C&I/Agricultural operating1 — — 240 — 240 240 — 
Residential mortgage8 252 295 202 — 749 749 — 
Consumer installment3 6 — 18 — 24 24 — 
Totals15 $297 $376 $460 $— $1,133 $1,133 $— 


Number of ContractsModified RateModified PaymentModified Under- writingOtherPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentSpecific Reserve
Twelve months ended December 31, 2020
TDRs:
Commercial/Agricultural real estate12 $4,441 $198 $293 $— $4,932 $4,932 $— 
C&I/Agricultural operating6 3,295 78 3,000 — 6,373 6,373 — 
Residential mortgage17 456 858 117 — 1,431 1,431 — 
Consumer installment3 6 — 4 — 10 10 — 
Totals38 $8,198 $1,134 $3,414 $— $12,746 $12,746 $— 
Schedule of Loans by Loan Class Modified in Troubled Debt Restructuring
A summary of loans by loan class modified in a troubled debt restructuring as of December 31, 2021 and December 31, 2020:
 December 31, 2021December 31, 2020
 Number of
Modifications		Recorded
Investment		Number of
Modifications		Recorded
Investment
Troubled debt restructurings:
Commercial/Agricultural real estate19 $8,007 31 $9,386 
C&I/Agricultural operating7 1,203 16 5,123 
Residential mortgage43 3,274 52 3,919 
Consumer installment7 39 8 49 
Total loans76 $12,523 107 $18,477 
Schedule of Restructured Loans in Default
The following table provides the number of loans modified in a TDR during the previous twelve months which subsequently defaulted during the years ended December 31, 2021 and December 31, 2020, as well as the recorded investment in these restructured loans as of December 31, 2021 and December 31, 2020:
 December 31, 2021December 31, 2020
 Number of
Modifications		Recorded
Investment		Number of
Modifications		Recorded
Investment
Troubled debt restructurings:
Commercial/Agricultural real estate— $— 1 $100 
C&I/Agricultural operating— — 1 224 
Residential mortgage— — 4 404 
Consumer installment1 3 — — 
Total troubled debt restructurings1 $3 6 $728 
Schedule of Acquired Loans The outstanding balance and the carrying amount of acquired loans included in the consolidated balance sheet are as follows:
December 31, 2021December 31, 2020
Accountable for under ASC 310-30 (PCI loans)
Outstanding balance$11,205 $17,946 
Carrying amount$10,552 $16,859 
Accountable for under ASC 310-20 (non-PCI loans)
Outstanding balance$187,346 $268,218 
Carrying amount$184,399 $264,242 
Total acquired loans
Outstanding balance$198,551 $286,164 
Carrying amount$194,951 $281,101 
Schedule of Accretable Expense
The table below shows scheduled accretion by year for the accretable difference recognized due to fair value purchase accounting on recent whole bank acquisitions. In addition, the Company has $1.61 million of accretable discount from purchased impaired loans with the original non-accretable discount transferred to accretable discount. The scheduled accretion on this balance is estimated to be $100 per year; however, large balance payoffs, as seen in 2021 and 2020, would accelerate this accretion.

Fiscal years ending December 31,Purchase Accounting Accretable Discount
2022$828 
2023279 
2024131 
202596 
Total1,334 
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:     
 December 31, 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(105)(1,693)
Transfers from non-accretable difference to accretable discount(329)(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$653 $1,087