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Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Schedule of Composition of Loan Portfolio by Loan Class
The following table illustrates the composition of the Corporation’s loan portfolio by loan class for the periods indicated:
June 30, 2022December 31, 2021
Commercial and industrial loans$3,297,477 $2,714,565 
Agricultural land, production and other loans to farmers214,904 246,442 
Real estate loans:
Construction745,983 523,066 
Commercial real estate, non-owner occupied2,423,185 2,135,459 
Commercial real estate, owner occupied1,264,563 986,720 
Residential1,813,297 1,159,127 
Home equity586,108 523,754 
Individuals' loans for household and other personal expenditures157,264 146,092 
Public finance and other commercial loans894,636 806,636 
Loans$11,397,417 $9,241,861 
Schedule of Credit Quality of Loan Portfolio by Loan Class
The following tables summarize the risk grading of the Corporation’s loan portfolio by loan class and by year of origination for the years indicated. Consumer loans are not risk graded. For the purposes of this disclosure, the consumer loans are classified in the following manner: loans that are less than 30 days past due are Pass, loans 30-89 days past due are Special Mention and loans greater than 89 days past due are Substandard. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Commercial and industrial loan balances as of June 30, 2022 include PPP loans with an origination year of 2021 and 2020 of $32.8 million and $183,000, respectively. Commercial and industrial loan balances as of December 31, 2021 include PPP loans with an origination year of 2021 and 2020 of $100.3 million and $6.3 million, respectively.

June 30, 2022
Term Loans (amortized cost basis by origination year)Revolving loans amortizedRevolving loans converted
20222021202020192018Priorcost basisto termTotal
Commercial and industrial loans
Pass$528,192 $789,445 $243,658 $139,336 $71,944 $46,860 $1,311,363 $4,614 $3,135,412 
Special Mention594 13,589 16,075 4,777 1,416 4,273 29,870 — 70,594 
Substandard11,674 17,997 6,326 10,982 1,650 2,486 39,694 24 90,833 
Doubtful— 242 — — 396 — — — 638 
Total Commercial and industrial loans540,460 821,273 266,059 155,095 75,406 53,619 1,380,927 4,638 3,297,477 
Agricultural land, production and other loans to farmers
Pass29,774 40,906 39,027 18,803 5,249 33,770 44,374 — 211,903 
Special Mention286 — 107 — 203 365 — — 961 
Substandard191 — 1,441 — 181 27 200 — 2,040 
Total Agricultural land, production and other loans to farmers30,251 40,906 40,575 18,803 5,633 34,162 44,574 — 214,904 
Real estate loans:
Construction
Pass211,092 287,493 173,861 26,973 938 4,144 24,514 — 729,015 
Special Mention12,282 484 — — — — — — 12,766 
Substandard15 — 4,166 — — 21 — — 4,202 
Total Construction223,389 287,977 178,027 26,973 938 4,165 24,514 — 745,983 
Commercial real estate, non-owner occupied
Pass298,157 614,117 696,300 215,633 137,646 231,254 38,902 2,180 2,234,189 
Special Mention37,835 37,573 70,120 — 3,133 3,450 — — 152,111 
Substandard12,769 9,937 9,502 — 4,503 174 — — 36,885 
Total Commercial real estate, non-owner occupied348,761 661,627 775,922 215,633 145,282 234,878 38,902 2,180 2,423,185 
Commercial real estate, owner occupied
Pass157,214 350,058 374,793 121,584 62,595 105,425 42,033 3,281 1,216,983 
Special Mention1,251 6,118 1,280 4,793 1,376 4,117 1,773 — 20,708 
Substandard5,750 4,475 4,154 1,465 2,686 8,312 — — 26,842 
Doubtful— — — — — 30 — — 30 
Total Commercial real estate, owner occupied164,215 360,651 380,227 127,842 66,657 117,884 43,806 3,281 1,264,563 
Residential
Pass401,780 515,392 427,974 110,687 82,687 254,490 5,773 34 1,798,817 
Special Mention208 1,321 1,300 546 708 3,202 — 15 7,300 
Substandard397 1,350 2,310 434 1,374 1,160 155 — 7,180 
Total Residential402,385 518,063 431,584 111,667 84,769 258,852 5,928 49 1,813,297 
Home equity
Pass15,410 71,565 14,848 1,678 1,710 4,651 471,676 92 581,630 
Special Mention— — — 46 — 25 2,229 — 2,300 
Substandard314 105 98 — 66 65 1,530 — 2,178 
Total Home Equity15,724 71,670 14,946 1,724 1,776 4,741 475,435 92 586,108 
Individuals' loans for household and other personal expenditures
Pass31,955 53,977 17,534 7,955 7,672 5,169 32,577 — 156,839 
Special Mention— 137 122 33 54 59 15 — 420 
Substandard— 4 — — — 1 — — 5 
Total Individuals' loans for household and other personal expenditures31,955 54,118 17,656 7,988 7,726 5,229 32,592 — 157,264 
Public finance and other commercial loans
Pass109,490 221,473 176,074 99,880 38,171 211,657 37,891 — 894,636 
Total Public finance and other commercial loans109,490 221,473 176,074 99,880 38,171 211,657 37,891 — 894,636 
Loans$1,866,630 $3,037,758 $2,281,070 $765,605 $426,358 $925,187 $2,084,569 $10,240 $11,397,417 
December 31, 2021
Term Loans (amortized cost basis by origination year)Revolving loans amortizedRevolving loans converted
20212020201920182017Priorcost basisto termTotal
Commercial and industrial loans
Pass$1,019,757 $362,372 $144,520 $65,165 $21,575 $30,420 $990,335 $— $2,634,144 
Special Mention10,559 11,088 190 730 1,930 1,825 15,026 — 41,348 
Substandard2,811 2,127 7,432 2,932 431 747 22,593 — 39,073 
Total Commercial and industrial loans1,033,127 375,587 152,142 68,827 23,936 32,992 1,027,954 — 2,714,565 
Agricultural land, production and other loans to farmers
Pass50,251 45,164 22,195 7,689 6,153 36,074 74,871 — 242,397 
Special Mention— 1,543 — — — 252 264 — 2,059 
Substandard524 506 108 371 — 27 450 — 1,986 
Total Agricultural land, production and other loans to farmers50,775 47,213 22,303 8,060 6,153 36,353 75,585 — 246,442 
Real estate loans:
Construction
Pass215,167 200,169 63,589 979 1,762 2,453 17,201 — 501,320 
Special Mention20,737 270 — — — 46 — — 21,053 
Substandard— 693 — — — — — — 693 
Total Construction235,904 201,132 63,589 979 1,762 2,499 17,201 — 523,066 
Commercial real estate, non-owner occupied
Pass589,296 688,406 227,332 111,971 103,400 126,837 26,779 — 1,874,021 
Special Mention68,279 149,480 — — — 1,723 — — 219,482 
Substandard19,314 14,912 178 1,118 6,156 278 — — 41,956 
Total Commercial real estate, non-owner occupied676,889 852,798 227,510 113,089 109,556 128,838 26,779 — 2,135,459 
Commercial real estate, owner occupied
Pass299,186 392,383 92,338 43,252 46,044 48,571 33,998 — 955,772 
Special Mention5,665 5,953 738 1,532 902 1,301 149 — 16,240 
Substandard7,025 5,763 — 53 113 1,754 — — 14,708 
Total Commercial real estate, owner occupied311,876 404,099 93,076 44,837 47,059 51,626 34,147 — 986,720 
Residential
Pass349,726 353,691 103,028 69,745 55,240 210,669 2,955 73 1,145,127 
Special Mention1,034 1,394 1,456 306 172 2,106 — — 6,468 
Substandard1,004 1,575 335 1,248 108 3,257 — 5 7,532 
Total Residential351,764 356,660 104,819 71,299 55,520 216,032 2,955 78 1,159,127 
Home equity
Pass63,845 17,556 1,977 2,127 1,250 3,432 427,437 194 517,818 
Special Mention— 85 48 — — 24 3,451 — 3,608 
Substandard520 — — 8 91 70 1,639 — 2,328 
Total Home Equity64,365 17,641 2,025 2,135 1,341 3,526 432,527 194 523,754 
Individuals' loans for household and other personal expenditures
Pass67,749 23,452 11,893 11,197 2,008 4,928 24,406 — 145,633 
Special Mention79 85 50 33 20 58 134 — 459 
Total Individuals' loans for household and other personal expenditures67,828 23,537 11,943 11,230 2,028 4,986 24,540 — 146,092 
Public finance and other commercial loans
Pass231,319 178,316 100,679 39,098 105,964 128,942 22,318 — 806,636 
Total Public finance and other commercial loans231,319 178,316 100,679 39,098 105,964 128,942 22,318 — 806,636 
Loans$3,023,847 $2,456,983 $778,086 $359,554 $353,319 $605,794 $1,664,006 $272 $9,241,861 
The tables below present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses. The Level One acquisition added $58.2 million in collateral dependent loans, with a total allowance of $16.9 million.
June 30, 2022
Commercial Real EstateResidential Real EstateOtherTotal Allowance on Collateral Dependent Loans
Commercial and industrial loans$— $— $48,525 $48,525 $15,166 
Real estate loans:
Construction— 4,056 — 4,056 649 
Commercial real estate, non-owner occupied24,030 — — 24,030 2,692 
Commercial real estate, owner occupied8,485 — — 8,485 1,027 
Residential— 2,566 — 2,566 268 
Home equity— 382 — 382 61 
Loans$32,515 $7,004 $48,525 $88,044 $19,863 


December 31, 2021
Commercial Real EstateResidential Real EstateOtherTotal Allowance on Collateral Dependent Loans
Commercial and industrial loans$— $— $8,075 $8,075 $2,672 
Agricultural land, production and other loans to farmers524 — 251 775 — 
Real estate loans:
Construction— 685 — 685 82 
Commercial real estate, non-owner occupied23,652 — — 23,652 5,510 
Commercial real estate, owner occupied1,044 — — 1,044 — 
Residential— 4,906 — 4,906 305 
Home equity— 394 — 394 64 
Loans$25,220 $5,985 $8,326 $39,531 $8,633 
Schedule of Past Due Aging of Loan Portfolio by Loan Class The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, for the periods indicated:
June 30, 2022
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More Past DueTotalLoans > 90 Days or More Past Due
And Accruing
Commercial and industrial loans$3,290,767 $5,344 $124 $1,242 $3,297,477 $38 
Agricultural land, production and other loans to farmers214,847 — — 57 214,904 — 
Real estate loans:
Construction731,495 621 13,759 108 745,983 — 
Commercial real estate, non-owner occupied2,412,738 1,126 6,312 3,009 2,423,185 — 
Commercial real estate, owner occupied1,263,864 256 145 298 1,264,563 — 
Residential1,803,199 5,241 1,683 3,174 1,813,297 554 
Home equity582,181 1,593 719 1,615 586,108 — 
Individuals' loans for household and other personal expenditures156,838 306 115 5 157,264 — 
Public finance and other commercial loans894,636 — — — 894,636 — 
Loans$11,350,565 $14,487 $22,857 $9,508 $11,397,417 $592 


December 31, 2021
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More Past DueTotalLoans > 90 Days or More Past Due
And Accruing
Commercial and industrial loans$2,708,539 $2,602 $2,437 $987 $2,714,565 $675 
Agricultural land, production and other loans to farmers246,380 36 — 26 246,442 — 
Real estate loans:
Construction522,349 717 — — 523,066 — 
Commercial real estate, non-owner occupied2,124,853 3,327 — 7,279 2,135,459 — 
Commercial real estate, owner occupied985,785 643 — 292 986,720 — 
Residential1,148,294 3,979 4,255 2,599 1,159,127 — 
Home equity518,643 3,327 281 1,503 523,754 288 
Individuals' loans for household and other personal expenditures145,634 375 83 — 146,092 — 
Public finance and other commercial loans806,636 — — — 806,636 — 
Loans$9,207,113 $15,006 $7,056 $12,686 $9,241,861 $963 
Schedule of Non-Accrual Loans by Loan class
The following table summarizes the Corporation’s non-accrual loans by loan class for the periods indicated:


June 30, 2022December 31, 2021
Non-Accrual LoansNon-Accrual Loans with no Allowance for Credit LossesNon-Accrual LoansNon-Accrual Loans with no Allowance for Credit Losses
Commercial and industrial loans$7,465 $982 $7,598 $263 
Agricultural land, production and other loans to farmers57 — 631 524 
Real estate loans:
Construction108 — 685 — 
Commercial real estate, non-owner occupied19,103 295 23,029 6,133 
Commercial real estate, owner occupied5,418 3,642 411 — 
Residential11,511 741 9,153 2,160 
Home equity2,289 — 1,552 — 
Individuals' loans for household and other personal expenditures19 — 3 — 
Loans$45,970 $5,660 $43,062 $9,080 
Schedule of Troubled Debt Restructuring
The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the three and six months ended June 30, 2022 and 2021. There were no trouble debt restructures that occurred in the three months ended June 30, 2022.

Three Months Ended June 30, 2021
Pre- Modification Recorded BalanceTerm ModificationCombinationPost - Modification Recorded BalanceNumber of Loans
Real estate loans:
Commercial real estate, owner occupied$21 $— $21 $21 1
Residential66 66 — 66 2
Total$87 $66 $21 $87 3 
Six Months Ended June 30, 2022
Pre- Modification Recorded BalanceRate ModificationPost - Modification Recorded BalanceNumber of Loans
Real estate loans:
Residential$53 $56 $56 1
Total$53 $56 $56 1 
Six Months Ended June 30, 2021
Pre- Modification Recorded BalanceTerm ModificationRate ModificationCombinationPost - Modification Recorded BalanceNumber of Loans
Commercial and industrial loans$348 $348 $— $— $348 2
Real estate loans:
Commercial real estate, owner occupied21— — 21 211
Residential691 449 126118693 9
Total$1,060 $797 $126 $139 $1,062 12 
The following tables summarize troubled debt restructures that occurred during the twelve months ended June 30, 2022 and 2021, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this schedule, a loan is considered in default if it is 30-days or more past due. There were no loans that subsequently defaulted during the three months ended June 30, 2022.
Six Months Ended June 30, 2022
Number of LoansRecorded Balance
Real estate loans:  
Commercial real estate, owner occupied1 $27 
Total1 $27 


Three Months Ended June 30, 2021Six Months Ended June 30, 2021
Number of LoansRecorded BalanceNumber of LoansRecorded Balance
Commercial and industrial loans2 $163 2 $163 
Real estate loans:    
Residential2 $195 2 195 
Total4 $358 4 $358 
Schedule of Purchased With Credit Deterioration The carrying amount of those loans is shown in the table below:
Level One
Purchase price of loans at acquisition$41,347 
CECL Day 1 PCD ACL 16,599 
Par value of acquired loans at acquisition$57,946 
Schedule of Changes in Allowance for Loan Losses The following tables summarize changes in the allowance for credit losses by loan segment for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30, 2022
CommercialCommercial Real EstateConstructionConsumer & ResidentialTotal
Allowance for credit losses
Balances, March 31, 2022$77,637 $53,000 $20,760 $44,587 $195,984 
Provision for credit losses805 (6,393)5,122 466 — 
CECL Day 1 non-PCD provision for credit losses2,957 5,539 871 4,588 13,955 
CECL Day 1 PCD ACL12,970 2,981 648 — 16,599 
Recoveries on loans569 201 — 399 1,169 
Loans charged off(710)— — (722)(1,432)
Balances, June 30, 2022$94,228 $55,328 $27,401 $49,318 $226,275 

Six Months Ended June 30, 2022
CommercialCommercial Real EstateConstructionConsumer & ResidentialTotal
Allowance for credit losses
Balances, December 31, 2021$69,935 $60,665 $20,206 $44,591 $195,397 
Provision for credit losses8,376 (14,643)5,676 591 — 
CECL Day 1 non-PCD provision for credit losses2,957 5,539 871 4,588 13,955 
CECL Day 1 PCD ACL12,970 2,981 648 — 16,599 
Recoveries on loans708 908 — 605 2,221 
Loans charged off(718)(122)— (1,057)(1,897)
Balances, June 30, 2022$94,228 $55,328 $27,401 $49,318 $226,275 

Three Months Ended June 30, 2021
CommercialCommercial Real EstateConstructionConsumer & ResidentialTotal
Allowance for credit losses
Balances, March 31, 2021$65,722 $70,861 $20,182 $44,317 $201,082 
Provision for credit losses(1,898)2,842 (3,106)2,162 — 
Recoveries on loans152 33 1 226 412 
Loans charged off(295)(1,035)— (389)(1,719)
Balances, June 30, 2021$63,681 $72,701 $17,077 $46,316 $199,775 

Six Months Ended June 30, 2021
CommercialCommercial Real EstateConstructionConsumerResidentialConsumer & ResidentialTotal
Allowance for credit losses
Balances, December 31, 2020$47,115 $51,070 $— $9,648 $22,815 $— $130,648 
Credit risk reclassifications— (10,284)10,284 (9,648)(22,815)32,463 — 
Balances, December 31, 2020 after reclassifications47,115 40,786 10,284 — — 32,463 130,648 
Impact of adopting ASC 32620,024 34,925 8,805 — — 10,301 74,055 
Balances, January 1, 2021 Post-ASC 326 adoption67,139 75,711 19,089 — — 42,764 204,703 
Provision for credit losses(2,830)1,141 (2,011)— — 3,700 — 
Recoveries on loans340 197 1 — — 568 1,106 
Loans charged off(968)(4,348)(2)— — (716)(6,034)
Balances, June 30, 2021$63,681 $72,701 $17,077 $— $— $46,316 $199,775 
Schedule of Financial Instruments with Off-balance Sheet Risk
Financial instruments with off-balance sheet risk were as follows:
June 30, 2022December 31, 2021
Amounts of commitments:
Loan commitments to extend credit$4,534,577 $3,917,215 
Standby letters of credit$38,712 $34,613 
Schedule of Allowance for Credit Losses, Off-balance Sheet
The following table details activity in the allowance for credit losses on off-balance sheet commitments:
Three Months Ended
June 30, 2022
Balances, March 31, 2022$20,500 
CECL Day 1 unfunded commitments provision for credit losses2,800 
Balances, June 30, 2022$23,300