LOANS

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

LOANS

LOANS

(dollars in thousands)	March 31, 2022				December 31, 2021
Commercial and industrial loans:
Working capital lines of credit loans	$	678,567	15.6	%	$	652,861	15.2	%
Non-working capital loans	784,890		18.0		736,608		17.2
Total commercial and industrial loans	1,463,457		33.6		1,389,469		32.4
Commercial real estate and multi-family residential loans:
Construction and land development loans	399,618		9.2		379,813		8.9
Owner occupied loans	724,588		16.6		739,371		17.2
Nonowner occupied loans	619,163		14.2		588,458		13.7
Multifamily loans	214,003		4.9		247,204		5.8
Total commercial real estate and multi-family residential loans	1,957,372		44.9		1,954,846		45.6
Agri-business and agricultural loans:
Loans secured by farmland	164,252		3.8		206,331		4.8
Loans for agricultural production	259,417		6.0		239,494		5.6
Total agri-business and agricultural loans	423,669		9.8		445,825		10.4
Other commercial loans	78,412		1.8		73,490		1.7
Total commercial loans	3,922,910		90.1		3,863,630		90.1
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	180,448		4.1		176,561		4.1
Open end and junior lien loans	158,583		3.6		156,238		3.6
Residential construction and land development loans	11,135		0.3		11,921		0.3
Total consumer 1-4 family mortgage loans	350,166		8.0		344,720		8.0
Other consumer loans	83,395		1.9		82,755		1.9
Total consumer loans	433,561		9.9		427,475		9.9
Subtotal	4,356,471		100.0	%	4,291,105		100.0	%
Less: Allowance for credit losses	(67,526)				(67,773)
Net deferred loan fees	(2,757)				(3,264)
Loans, net	$	4,286,188			$	4,220,068

The recorded investment in loans does not include accrued interest, which totaled $10.3 million and $10.0 million at March 31, 2022 and December 31, 2021, respectively.

The Company had $239,000 and $350,000 in residential real estate loans in the process of foreclosure as of March 31, 2022 and December 31, 2021, respectively.