LOANS

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

LOANS

LOANS

(dollars in thousands)	June 30, 2023				December 31, 2022
Commercial and industrial loans:
Working capital lines of credit loans	$	618,655	12.7	%	$	650,948	13.8	%
Non-working capital loans	851,232		17.5		842,101		17.9
Total commercial and industrial loans	1,469,887		30.2		1,493,049		31.7
Commercial real estate and multi-family residential loans:
Construction and land development loans	590,860		12.1		517,664		11.0
Owner occupied loans	806,072		16.6		758,091		16.0
Nonowner occupied loans	724,799		14.9		706,107		15.0
Multifamily loans	254,662		5.2		197,232		4.2
Total commercial real estate and multi-family residential loans	2,376,393		48.8		2,179,094		46.2
Agri-business and agricultural loans:
Loans secured by farmland	176,807		3.6		201,200		4.3
Loans for agricultural production	198,155		4.1		230,888		4.9
Total agri-business and agricultural loans	374,962		7.7		432,088		9.2
Other commercial loans:	120,958		2.5		113,593		2.4
Total commercial loans	4,342,200		89.2		4,217,824		89.5
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	229,078		4.7		212,742		4.5
Open end and junior lien loans	183,738		3.8		175,575		3.7
Residential construction and land development loans	18,569		0.4		19,249		0.4
Total consumer 1-4 family mortgage loans	431,385		8.9		407,566		8.6
Other consumer loans	92,139		1.9		88,075		1.9
Total consumer loans	523,524		10.8		495,641		10.5
Subtotal	4,865,724		100.0	%	4,713,465		100.0	%
Less: Allowance for credit losses	(72,058)				(72,606)
Net deferred loan fees	(3,464)				(3,069)
Loans, net	$	4,790,202			$	4,637,790

The recorded investment in loans does not include accrued interest, which totaled $18.5 million and $18.4 million as of June 30, 2023 and December 31, 2022, respectively.

The Company had $471,000 and $306,000 in residential real estate loans in the process of foreclosure as of June 30, 2023 and December 31, 2022, respectively.