LOANS

9 Months Ended

Sep. 30, 2021

Receivables [Abstract]

LOANS

LOANS

(dollars in thousands)	September 30, 2021				December 31, 2020
Commercial and industrial loans:
Working capital lines of credit loans	$	659,166	15.5	%	$	626,023	13.5	%
Non-working capital loans	782,618		18.5		1,165,355		25.0
Total commercial and industrial loans	1,441,784		34.0		1,791,378		38.5
Commercial real estate and multi-family residential loans:
Construction and land development loans	378,716		8.9		362,653		7.8
Owner occupied loans	740,836		17.4		648,019		13.9
Nonowner occupied loans	582,019		13.7		579,625		12.5
Multifamily loans	252,983		6.0		304,717		6.5
Total commercial real estate and multi-family residential loans	1,954,554		46.0		1,895,014		40.7
Agri-business and agricultural loans:
Loans secured by farmland	152,099		3.5		195,410		4.2
Loans for agricultural production	171,981		4.1		234,234		5.0
Total agri-business and agricultural loans	324,080		7.6		429,644		9.2
Other commercial loans	83,595		2.0		94,013		2.0
Total commercial loans	3,804,013		89.6		4,210,049		90.4
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	173,689		4.1		167,847		3.6
Open end and junior lien loans	161,941		3.8		163,664		3.5
Residential construction and land development loans	12,542		0.3		12,007		0.3
Total consumer 1-4 family mortgage loans	348,172		8.2		343,518		7.4
Other consumer loans	92,169		2.2		103,616		2.2
Total consumer loans	440,341		10.4		447,134		9.6
Subtotal	4,244,354		100.0	%	4,657,183		100.0	%
Less: Allowance for credit losses	(73,048)				(61,408)
Net deferred loan fees	(4,901)				(8,027)
Loans, net	$	4,166,405			$	4,587,748

The recorded investment in loans does not include accrued interest, which totaled $11.1 million at September 30, 2021.

The Company had $295,000 in residential real estate loans in the process of foreclosure as of September 30, 2021, compared to $19,000 as of December 31, 2020.