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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY
 12 Months Ended
Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY  
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY
The Company adopted ASC 326 using the modified retrospective for all financial assets measured at amortized cost. Results for reporting periods after January 1, 2021 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP.
The following table presents the activity in the allowance for credit losses by portfolio segment for the year ended December 31, 2021:
(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
and
Multi-family
 Residential		Agri-business
and
Agricultural		Other
Commercial		Consumer
1-4 Family
Mortgage		Other
Consumer		UnallocatedTotal
December 31, 2021                
Beginning balance$28,333 $22,907 $3,043 $416 $2,619 $951 $3,139 $61,408 
Impact of adopting ASC 3264,312 4,316 1,060 941 953 349 (2,881)9,050 
Provision for credit losses1,966 (632)611 (211)(777)(72)192 1,077 
Loans charged-off(5,575)(70)0 0 (51)(287)0 (5,983)
Recoveries1,559 14 320 0 122 206 0 2,221 
Net loans (charged-off) recovered(4,016)(56)320 0 71 (81)0 (3,762)
Ending balance$30,595 $26,535 $5,034 $1,146 $2,866 $1,147 $450 $67,773 
Credit Quality Indicators:
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis for Special Mention, Substandard and Doubtful grade loans and annually on Pass grade loans over $250,000.
The Company uses the following definitions for risk ratings:
Special Mention. Loans classified as Special Mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.
Substandard. Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized as the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
Doubtful. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
Loans are considered to be "Pass" rated when they are reviewed as part of the previously described process and do not meet the criteria above with the exception of consumer troubled debt restructurings, which are evaluated and listed with Substandard commercial grade loans and consumer nonaccrual loans which are evaluated individually and listed with “Not Rated” loans. Loans listed as Not Rated are consumer loans or commercial loans with consumer characteristics included in groups of homogenous loans which are analyzed for credit quality indicators utilizing delinquency status.
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
The following table summarizes the risk category of loans by loan segment and origination date as of December 31, 2021:
(dollars in thousands)20212020201920182017PriorTerm TotalRevolvingTotal
Commercial and industrial loans:                  
Working capital lines of credit loans:                  
Pass$3,699 $830 $3,360 $0 $0 $0 $7,889 $558,634 $566,523 
Special Mention0 0 0 0 0 0 0 60,441 60,441 
Substandard0 0 35 0 0 0 35 25,928 25,963 
Total3,699 830 3,395 0 0 0 7,924 645,003 652,927 
Non-working capital loans:
Pass185,374 139,157 79,477 38,899 19,415 18,489 480,811 203,794 684,605 
Special Mention17,728 0 225 979 2,350 1,426 22,708 0 22,708 
Substandard2,996 6,948 1,091 2,534 5,465 426 19,460 3,321 22,781 
Not Rated2,265 1,758 837 563 128 14 5,565 0 5,565 
Total208,363 147,863 81,630 42,975 27,358 20,355 528,544 207,115 735,659 
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass35,136 30,224 1,276 998 0 0 67,634 310,396 378,030 
Total35,136 30,224 1,276 998 0 0 67,634 310,396 378,030 
Owner occupied loans:
Pass135,861 169,404 124,117 85,070 78,155 93,925 686,532 29,611 716,143 
Special Mention6,555 0 880 933 7,387 1,235 16,990 0 16,990 
Substandard489 1,570 909 1,758 694 238 5,658 0 5,658 
Total142,905 170,974 125,906 87,761 86,236 95,398 709,180 29,611 738,791 
Nonowner occupied loans:
Pass146,342 154,433 107,262 19,054 31,023 59,154 517,268 44,362 561,630 
Special Mention11,825 331 0 0 0 14,253 26,409 0 26,409 
Total158,167 154,764 107,262 19,054 31,023 73,407 543,677 44,362 588,039 
Multi-family loans:
Pass84,678 53,195 36,575 12,286 14,574 9,793 211,101 13,434 224,535 
Special Mention0 0 0 0 22,252 0 22,252 0 22,252 
Total84,678 53,195 36,575 12,286 36,826 9,793 233,353 13,434 246,787 
Agri-business and agricultural loans:
Loans secured by farmland:
Pass47,532 37,035 16,249 10,469 10,454 17,021 138,760 61,774 200,534 
Special Mention0 1,985 2,303 0 180 30 4,498 918 5,416 
Substandard207 0 0 0 0 145 352 0 352 
Total47,739 39,020 18,552 10,469 10,634 17,196 143,610 62,692 206,302 
Loans for agricultural production:
Pass36,238 25,855 4,224 11,072 1,331 4,178 82,898 138,142 221,040 
Special Mention448 8,642 1,171 0 0 0 10,261 8,272 18,533 
Total36,686 34,497 5,395 11,072 1,331 4,178 93,159 146,414 239,573 
Other commercial loans:
Pass6,556 21,111 3,243 1,273 8,592 7,460 48,235 21,145 69,380 
Special Mention0 0 0 0 0 3,798 3,798 0 3,798 
Total6,556 21,111 3,243 1,273 8,592 11,258 52,033 21,145 73,178 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass14,635 16,173 5,312 5,903 3,049 3,221 48,293 5,005 53,298 
Substandard0 0 0 0 0 1,274 1,274 0 1,274 
Not Rated45,089 27,738 9,248 5,217 7,628 26,321 121,241 482 121,723 
Total59,724 43,911 14,560 11,120 10,677 30,816 170,808 5,487 176,295 
Open end and junior lien loans
Pass679 379 159 313 0 0 1,530 5,074 6,604 
Substandard0 0 0 0 0 0 0 98 98 
Not Rated21,945 5,624 5,987 3,899 1,653 1,526 40,634 110,523 151,157 
Total22,624 6,003 6,146 4,212 1,653 1,526 42,164 115,695 157,859 
Residential construction loans
Not Rated7,926 1,537 960 138 171 1,125 11,857 0 11,857 
Total7,926 1,537 960 138 171 1,125 11,857 0 11,857 
Other consumer loans
Pass3,401 957 1,523 0 1,155 0 7,036 12,998 20,034 
Substandard36 23 230 0 0 0 289 0 289 
Not Rated21,652 14,931 7,474 5,844 1,890 1,203 52,994 9,227 62,221 
Total25,089 15,911 9,227 5,844 3,045 1,203 60,319 22,225 82,544 
TOTAL$839,292 $719,840 $414,127 $207,202 $217,546 $266,255 $2,664,262 $1,623,579 $4,287,841 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
As of December 31, 2021, $26.2 million in PPP loans were included in the "Pass" category of non-working capital commercial and industrial loans. These loans were included in this risk rating category because they are fully guaranteed by the Small Business Administration ("SBA").
Nonaccrual and Past Due Loans:
The Company does not record interest on nonaccrual loans until principal is recovered. For all loan classes, a loan is generally placed on nonaccrual status when principal or interest becomes 90 days past due unless it is well secured and in process of collection, or earlier when concern exists as to the ultimate collectability of principal or interest. Interest accrued but not received is reversed against earnings. Cash interest received on these loans is applied to the principal balance until the principal is recovered or until the loan returns to accrual status. Loans may be returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for a prescribed period, and the payments are reasonably assured.
The following table presents the aging of the amortized cost basis in past due loans as of December 31, 2021 by class of loans and loans past due 90 days or more and still accruing by class of loan:
(dollars in thousands)Loans Not Past Due30-89 Days Past DueGreater than 89 Days Past Due and AccruingTotal AccruingTotal NonaccrualNonaccrual With No Allowance For Credit LossTotal
Commercial and industrial loans:            
Working capital lines of credit loans$652,903 $24 $0 $646,961 $5,966 $5,200 $652,927 
Non-working capital loans735,658 1 0 731,063 4,596 229 735,659 
Commercial real estate and multi-family residential loans:
Construction and land development loans378,030 0 0 378,030 0 0 378,030 
Owner occupied loans738,791 0 0 735,157 3,634 2,129 738,791 
Nonowner occupied loans588,039 0 0 588,039 0 0 588,039 
Multi-family loans246,787 0 0 246,787 0 0 246,787 
Agri-business and agricultural loans:
Loans secured by farmland206,302 0 0 205,967 335 0 206,302 
Loans for agricultural production239,573 0 0 239,573 0 0 239,573 
Other commercial loans73,178 0 0 73,178 0 0 73,178 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans175,678 500 117 176,240 55 55 176,295 
Open end and junior lien loans157,729 130 0 157,761 98 98 157,859 
Residential construction loans11,857 0 0 11,857 0 0 11,857 
Other consumer loans82,472 72 0 82,255 289 0 82,544 
Total$4,286,997 $727 $117 $4,272,868 $14,973 $7,711 $4,287,841 
As of December 31, 2021, there were an insignificant number of loans 30-89 days past due or greater than 89 days past due on nonaccrual. Additionally, interest income recognized on nonaccrual loans was insignificant during the year ended December 31, 2021.
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant year over year changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value.
The following table presents the amortized cost basis of collateral dependent loans by class of loan as of December 31, 2021:
(dollars in thousands)Real EstateGeneral
Business
 Assets		OtherTotal
Commercial and industrial loans:      
Working capital lines of credit loans$0 $5,966 $0 $5,966 
Non-working capital loans1,606 9,475 229 11,310 
Commercial real estate and multi-family residential loans:
Owner occupied loans1,435 1,505 1,161 4,101 
   Nonowner occupied loans0 0 0 0 
Agri-business and agricultural loans:
Loans secured by farmland190 145 0 335 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans3,081 0 0 3,081 
Open end and junior lien loans98 0 0 98 
Other consumer loans59 0 0 59 
Total$6,469 $17,091 $1,390 $24,950 
Troubled Debt Restructurings:
Troubled debt restructured loans are included in the totals for individually analyzed loans. The Company has allocated $5.8 million and $5.5 million of specific allocations to customers whose loan terms have been modified in troubled debt restructurings as of December 31, 2021 and December 31, 2020, respectively. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring.
(dollars in thousands)December 31,
2021		December 31,
2020
Accruing troubled debt restructured loans$5,121 $5,237 
Nonaccrual troubled debt restructured loans6,218 6,476 
Total troubled debt restructured loans$11,339 $11,713 
During the year ending December 31, 2021, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal payment for some period; terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal.
Additional concessions were granted to borrowers during 2021 with previously identified troubled debt restructured loans. There were 8 loans with recorded investments totaling $2.2 million where collateral values or cash flows were insufficient to support the loans. These troubled debt restructured loans with additional concessions decreased the allowance by $423,000 and resulted in no charge-offs for the year ending December 31, 2021. These concessions are not included in the table below.
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 31, 2021:
Modified Repayment Terms
(dollars in thousands)Number of LoansPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentNumber of LoansExtension Period or Range (in months)
Troubled Debt Restructurings
Consumer 1-4 family loans:
Closed end first mortgage loans2 $217 $217 2 
172-204
Total2 $217 $217 2 
172-204
For the period ending December 31, 2021, the troubled debt restructurings described above had no impact to the allowance and no charge-offs were recorded.
As of December 31, 2021, one retail loan in the amount of $11,000 had a COVID-19 related deferral. In accordance with Section 4013 of the CARES Act, this deferral was not considered to be a troubled debt restructuring. This provision was effective through January 1, 2022 under the Consolidated Appropriations Act, 2021.
During the year ended December 31, 2020, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal.
The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 31, 2020:
Modified Repayment Terms
(dollars in thousands)Number of LoansPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentNumber of LoansExtension Period or Range (in months)
Troubled Debt Restructurings
Commercial and industrial loans:
Working capital lines of credit loans1 $250 $315 1 0
Non-working capital lines of credit loans2 4,288 3,691 2 0
Commercial real estate and multi-family residential loans:
Owner occupied loans1 1,528 1,527 1 0
Total4 $6,066 $5,533 4 0
For the period ending December 31, 2020, the troubled debt restructurings described above had no impact to the allowance and no charge-offs were recorded.
As of December 31, 2020, total deferrals attributed to COVID-19 were $100.7 million representing 49 borrowers. This represented 2.2% of the total loan portfolio. Of that 22 were commercial loan borrowers representing $98.2 million in loans, or 2.3% of commercial loans, and 27 were retail loan borrowers representing $2.5 million, or 0.7% of total retail loans. The majority of all loan deferrals were for a period of 90 days. Of the total commercial deferrals attributed to COVID-19, $11.9 million represented a first deferral action, $22.8 million represented a second deferral action, $41.9 million represented a third deferral action and $24.1 million represented a fourth deferral action. Two borrowers represented 90% of the fourth deferral population and were commercial real estate nonowner occupied loans supported by adequate collateral and personal guarantors and consist of loans to the hotel and accommodation industry. All COVID-19 related loan deferrals remain on accrual status, as each deferral is individually analyzed, and management has determined that all contractual cashflows are collectable at this
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
time. In accordance with Section 4013 of the CARES Act, these were not considered to be troubled debt restructurings and were excluded from the table above.
During the year ending December 31, 2019, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal.
Additional concessions were granted to borrowers during 2019 with previously identified troubled debt restructured loans. There were three commercial real estate loans with recorded investments totaling $1.9 million and five commercial and industrial loans with recorded investments totaling $2.4 million where the collateral values or cash flows were insufficient to support the loans. These troubled debt restructured loans with additional concessions decreased the allowance by $484,000 and resulted in no charge-offs for year ending December 31, 2019. These concessions are not included in the table below.
The following table presents loans by class modified as new troubled debt restructurings that occurred during the year ending December 31, 2019:
Modified Repayment Terms
(dollars in thousands)Number of LoansPre-Modification Outstanding Recorded InvestmentPost-Modification Outstanding Recorded InvestmentNumber of LoansExtension Period or Range (in months)
Troubled Debt Restructurings
Commercial and industrial loans:
Working capital lines of credit loans1 $35 $35 1 1
Total1 $35 $35 1 1
For the period ending December 31, 2019, the working capital line of credit troubled debt restructuring described above had no impact to the allowance and no charge-offs were recorded.
A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. The following table presents loans modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the period ending December 31, 2021, 2020 and 2019.
202120202019
(dollars in thousands)Number of
Loans		Recorded
Investment		Number of
Loans		Recorded
Investment		Number of
Loans		Recorded
Investment
Troubled Debt Restructurings that Subsequently Defaulted Commercial and industrial loans:            
Non-working capital loans0 $0 0 $0 1 $601 
Total0 $0 0 $0 1 $601 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
Allowance for Loan Losses (Prior to January 1, 2021)
Prior to the adoption of ASC 326 on January 1, 2021 the Company calculated the allowance for loan losses using the incurred losses methodology. The following tables are disclosures related to the allowance for loan losses in prior periods.
The following tables present the activity and balance in the allowance for loan losses by portfolio segment for the year ended December 31, 2020 and 2019. PPP loans are fully guaranteed by the SBA and have not been allocated for within the allowance for loan losses.
(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
and
Multi-family
 Residential		Agri-business
and
Agricultural		Other
Commercial		Consumer
1-4 Family
Mortgage		Other
Consumer		UnallocatedTotal
December 31, 2020                
Beginning balance$25,789 $15,796 $3,869 $447 $2,086 $345 $2,320 $50,652 
Provision for loan losses6,640 6,868 (826)(31)341 959 819 14,770 
Loans charged-off(4,524)(72)0 0 (141)(516)0 (5,253)
Recoveries428 315 0 0 333 163 0 1,239 
Net loans (charged-off) recovered(4,096)243 0 0 192 (353)0 (4,014)
Ending balance$28,333 $22,907 $3,043 $416 $2,619 $951 $3,139 $61,408 


(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
and
Multi-family
Residential		Agri-business
and
Agricultural		Other
Commercial		Consumer
1-4 Family
Mortgage		Other
Consumer		UnallocatedTotal
December 31, 2019                
Beginning balance$22,518 $15,393 $4,305 $368 $2,292 $283 $3,294 $48,453 
Provision for loan losses4,259 259 (444)79 (219)275 (974)3,235 
Loans charged-off(1,447)(17)0 0 (110)(336)0 (1,910)
Recoveries459 161 8 0 123 123 0 874 
Net loans (charged-off) recovered(988)144 8 0 13 (213)0 (1,036)
Ending balance$25,789 $15,796 $3,869 $447 $2,086 $345 $2,320 $50,652 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)

The following tables present balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2020:

(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
and
Multi-family
Residential		Agri-business
and
Agricultural		Other
Commercial		Consumer
1-4 Family
Mortgage		Other
Consumer		UnallocatedTotal
December 31, 2020
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment$6,310 $1,377 $84 $0 $270 $0 $0 $8,041 
Collectively evaluated for impairment22,023 21,530 2,959 416 2,349 951 3,139 53,367 
Total ending allowance balance$28,333 $22,907 $3,043 $416 $2,619 $951 $3,139 $61,408 
Loans:
Loans individually evaluated for impairment$12,533 $5,518 $428 $0 $1,700 $0 $0 $20,179 
Loans collectively evaluated for impairment1,772,393 1,887,054 429,234 93,912 342,999 103,385 0 4,628,977 
Total ending loans balance$1,784,926 $1,892,572 $429,662 $93,912 $344,699 $103,385 $0 $4,649,156 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)

The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2020:
(dollars in thousands)Unpaid
Principal
Balance		Recorded
Investment		Allowance for
Loan Losses
Allocated
With no related allowance recorded:      
Commercial and industrial loans:      
Working capital lines of credit loans$346 $173 $0 
Non-working capital loans2,399 968 0 
Commercial real estate and multi-family residential loans:
Owner occupied loans3,002 2,930 0 
Agri-business and agricultural loans:
Loans secured by farmland603 283 0 
Consumer 1‑4 family loans:
Closed end first mortgage loans316 236 0 
Open end and junior lien loans5 5 0 
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans433 433 255 
Non-working capital loans11,644 10,959 6,055 
Commercial real estate and multi-family residential loans:
Owner occupied loans2,589 2,588 1,377 
Agri-business and agricultural loans:
Loans secured by farmland145 145 84 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans1,457 1,459 270 
Total$22,939 $20,179 $8,041 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)

The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 2020:
(dollars in thousands)Average
Recorded
Investment		Interest
Income
Recognized		Cash Basis
Interest
Income
Recognized
With no related allowance recorded:      
Commercial and industrial loans:      
Working capital lines of credit loans$375 $0 $0 
Non-working capital loans816 21 21 
Commercial real estate and multi-family residential loans:
Owner occupied loans2,156 13 12 
Agri-business and agricultural loans:
Loans secured by farmland283 0 0 
Loans for agricultural production4 0 0 
Consumer 1-4 family loans:
Closed end first mortgage loans291 3 2 
Open end and junior lien loans49 0 0 
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans2,433 0 0 
Non-working capital loans11,579 287 287 
Commercial real estate and multi-family residential loans:
Construction and land development loans
Owner occupied loans3,156 30 30 
Agri-business and agricultural loans:
Loans secured by farmland147 0 0 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans1,557 36 33 
Open end and junior lien loans481 0 0 
Residential construction loans35 0 0 
Other consumer loans0 0 0 
Total$23,362 $390 $385 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)

The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 2019:

(dollars in thousands)Average
Recorded
Investment		Interest
Income
Recognized		Cash Basis
Interest
Income
Recognized
With no related allowance recorded:      
Commercial and industrial loans:      
Working capital lines of credit loans$176 $9 $9 
Non-working capital loans1,170 40 30 
Commercial real estate and multi-family residential loans:
Owner occupied loans2,354 34 34 
Loans for ag production4 0 0 
Agri-business and agricultural loans:
Loans secured by farmland283 0 0 
Consumer 1‑4 family loans:
Closed end first mortgage loans272 3 3 
Open end and junior lien loans133 0 0 
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans6,335 143 81 
Non-working capital loans11,800 448 410 
Commercial real estate and multi-family residential loans:
Construction and land development loans
Owner occupied loans1,849 43 39 
Agri-business and agricultural loans:
Loans secured by farmland147 3 1 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans1,643 45 43 
Open end and junior lien loans268 0 0 
Residential constructions loans9 0 0 
Other consumer loans21 2 1 
Total$26,464 $770 $651 
Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)

The following table presents the aging of the recorded investment in past due loans as of December 31, 2020 by class of loans:
(dollars in thousands)Loans Not
Past Due		30-89
Days
Past Due		Greater than
90 Days Past
Due and Still
Accruing		NonaccrualTotal Past
Due and
Nonaccrual		Total
Commercial and industrial loans:            
Working capital lines of credit loans$625,493 $0 $0 $606 $606 $626,099 
Non-working capital loans1,153,540 0 0 5,287 5,287 1,158,827 
Commercial real estate and multi-family residential loans:
Construction and land development loans361,664 0 0 0 0 361,664 
Owner occupied loans642,527 0 0 5,047 5,047 647,574 
Nonowner occupied loans579,050 0 0 0 0 579,050 
Multi-family loans304,284 0 0 0 0 304,284 
Agri-business and agricultural loans:
Loans secured by farmland194,935 0 0 428 428 195,363 
Loans for agricultural production234,191 108 0 0 108 234,299 
Other commercial loans93,912 0 0 0 0 93,912 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans165,895 877 116 613 1,606 167,501 
Open end and junior lien loans165,094 137 0 5 142 165,236 
Residential construction loans11,962 0 0 0 0 11,962 
Other consumer loans103,240 145 0 0 145 103,385 
Total$4,635,787 $1,267 $116 $11,986 $13,369 $4,649,156 
NOTE 4 – ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (continued)
As of December 31, 2020, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
(dollars in thousands)PassSpecial
Mention		SubstandardDoubtfulNot
Rated		Total
Commercial and industrial loans:            
Working capital lines of credit loans$535,071 $81,095 $9,718 $0 $215 $626,099 
Non-working capital loans1,111,989 26,523 14,820 0 5,495 1,158,827 
Commercial real estate and multi-family residential loans:
Construction and land development loans361,664 0 0 0 0 361,664 
Owner occupied loans608,845 31,355 7,374 0 0 647,574 
Nonowner occupied loans547,790 31,260 0 0 0 579,050 
Multi-family loans282,031 22,253 0 0 0 304,284 
Agri-business and agricultural loans:
Loans secured by farmland183,983 10,728 652 0 0 195,363 
Loans for agricultural production185,875 48,424 0 0 0 234,299 
Other commercial loans93,912 0 0 0 0 93,912 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans40,682 0 1,695 0 125,124 167,501 
Open end and junior lien loans8,424 0 5 0 156,807 165,236 
Residential construction loans0 0 0 0 11,962 11,962 
Other consumer loans36,979 253 0 0 66,153 103,385 
Total$3,997,245 $251,891 $34,264 $0 $365,756 $4,649,156