Total troubled debt restructurings were $4.6 million and $5.5 million at September 30, 2019 and December 31, 2018, respectively. The Company has allocated $63 thousand and $72 thousand of specific reserves to loans whose terms have been modified in troubled debt restructurings at September 30, 2019 and December 31, 2018, respectively. There were no commitments to lend additional amounts to borrowers with loans that were classified as troubled debt restructurings at September 30, 2019 and at December 31, 2018.

During the three and nine month periods ended September 30, 2019 and 2018, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a reduction of the contractual monthly payment; a deferral of principal, interest and/or escrow; or a legal concession. During the three month period ended September 30, 2019, the terms of such loans included a reduction of the contractual payment. During the same three month period in 2018, the terms of such loans included an extension of the maturity date of 84 months. During the nine month period ended September 30, 2019, the terms of such loans included a reduction of the stated interest rate of the loan in the range of 0.24% and 2.74% and extensions of the maturity dates on these and other troubled debt restructurings in the range of 86 to 124 months. During the same nine month period in 2018, the terms of such loans included a reduction of the stated interest rate of the loan in the range of 1.75% and 2.50 % and an extension of the maturity date in the range of 5 to 84 months.

The following table presents loans by class modified as troubled debt restructurings that occurred during the three and nine month periods ended September 30, 2019 and 2018:

			Pre- Modification		Post- Modification
Three Months Ended September 30, 2019	Number of		Outstanding Recorded		Outstanding Recorded
(In Thousands of Dollars)	Loans		Investment		Investment
Originated loans:
Consumer
Indirect		9	$	125	$	125
Other		1		28		28
Total originated loans		10	$	153	$	153
Acquired loans:
Commercial		1	$	27	$	27
Total acquired loans		1	$	27	$	27
Total loans		11	$	180	$	180

			Pre- Modification		Post- Modification
Nine Months Ended September 30, 2019	Number of		Outstanding Recorded		Outstanding Recorded
(In Thousands of Dollars)	Loans		Investment		Investment
Originated loans:
Commercial		1	$	12	$	12
Residential real estate
1-4 family residential		5		128		130
Home equity lines of credit		2		88		92
Consumer
Indirect		33		315		315
Other		2		46		46
Total originated loans		43	$	589	$	595
Acquired loans:
Commercial real estate
Farmland		1	$	86	$	86
Commercial
Commercial and industrial		1		27		27
Residential real estate
1-4 family residential		3		75		79
Consumer
Other		3		14		14
Total acquired loans		8	$	202	$	206
Total loans		51	$	791	$	801

			Pre- Modification		Post- Modification
Three Months Ended September 30, 2018	Number of		Outstanding Recorded		Outstanding Recorded
(In Thousands of Dollars)	Loans		Investment		Investment
Originated loans:
Commercial		1	$	19	$	19
Residential real estate
1-4 family residential		2		87		87
Home equity lines of credit		2		34		34
Consumer
Indirect		3		8		8
Other		2		19		19
Total originated loans		10	$	167	$	167
Acquired loans:
Residential real estate
1-4 family residential		1	$	53	$	53
Consumer
Other		1		3		3
Total acquired loans		2	$	56	$	56
Total loans		12	$	223	$	223

			Pre- Modification		Post- Modification
Nine Months Ended September 30, 2018	Number of		Outstanding Recorded		Outstanding Recorded
(In Thousands of Dollars)	Loans		Investment		Investment
Originated loans:
Commercial real estate
Owner occupied		1	$	360	$	360
Commercial		1		19		19
Residential real estate
1-4 family residential		6		341		341
Home equity lines of credit		4		48		48
Consumer
Indirect		17		97		97
Other		2		19		19
Total originated loans		31	$	884	$	884
Acquired loans:
Commercial real estate
Non-owner occupied		1	$	42	$	42
Farmland		1		258		258
Commercial
Commercial and industrial		2		31		31
Residential real estate
1-4 family residential		6		242		242
Consumer
Other		1		3		3
Total acquired loans		11	$	576	$	576
Total loans		42	$	1,460	$	1,460

There were $42 thousand and $93 thousand in charge offs and a $42 thousand and $93 thousand increase to the provision for loan losses during the three and nine month periods ended September 30, 2019, respectively, as a result of outstanding troubled debt restructurings. There were $27 thousand and $66 thousand in charge offs during the three and nine month periods ended September 30, 2018, respectively. There was a $27 thousand and a $66 thousand increase to the provision during the three and nine month period ended September 30, 2018, respectively, as a result of troubled debt restructurings.

There were four commercial loans, two residential real estate loan and one home equity line of credit for which there was a payment default within twelve months following the modification of the troubled debt restructuring during the three month and nine month period ended September 30, 2019. There was one residential real estate loan and one commercial loan that was past due at September 30, 2019. There was no provision recorded as a result of the defaults during 2019. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms.

There was one commercial loan and three residential real estate loans for which there was a payment default within twelve months following the modification of the troubled debt restructuring during the three month and nine month periods ended September 30, 2018. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms.