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ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY

12 Months Ended

Dec. 31, 2020

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY

NOTE 4 – ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY

The following tables present the activity and balance in the allowance for loan losses by portfolio segment for the year ended December 31, 2020, 2019 and 2018. PPP loans are fully guaranteed by the United States Small Business Administration and have not been allocated for within the allowance for loan losses.

Commercial

Real Estate

Commercial

and

Agri-business

Consumer

and

Multi-family

and

Other

1-4 Family

Other

(dollars in thousands)

Industrial

Residential

Agricultural

Commercial

Mortgage

Consumer

Unallocated

Total

December 31, 2020

Beginning balance

25,789

15,796

3,869

447

2,086

345

2,320

50,652

Provision for loan losses

6,640

6,868

(826)

(31)

341

959

819

14,770

Loans charged-off

(4,524)

(72)

—

(141)

(516)

—

(5,253)

Recoveries

428

315

—

333

163

—

1,239

Net loans (charged-off) recovered

(4,096)

243

—

192

(353)

—

(4,014)

Ending balance

28,333

22,907

3,043

416

2,619

951

3,139

61,408


			Commercial
			Real Estate
	Commercial		and		Agri-business				Consumer
	and		Multi-family		and		Other		1-4 Family		Other
(dollars in thousands)	Industrial		Residential		Agricultural		Commercial		Mortgage		Consumer		Unallocated		Total
December 31, 2019
Beginning balance	$	22,518	$	15,393	$	4,305	$	368	$	2,292	$	283	$	3,294	$	48,453
Provision for loan losses		4,259		259		(444)		79		(219)		275		(974)		3,235
Loans charged-off		(1,447)		(17)		—		—		(110)		(336)		—		(1,910)
Recoveries		459		161		8		—		123		123		—		874
Net loans (charged-off) recovered		(988)		144		8		—		13		(213)		—		(1,036)
Ending balance	$	25,789	$	15,796	$	3,869	$	447	$	2,086	$	345	$	2,320	$	50,652


			Commercial
			Real Estate
	Commercial		and		Agri-business				Consumer
	and		Multi-family		and		Other		1-4 Family		Other
(dollars in thousands)	Industrial		Residential		Agricultural		Commercial		Mortgage		Consumer		Unallocated		Total
December 31, 2018
Beginning balance	$	21,097	$	14,714	$	4,920	$	577	$	2,768	$	379	$	2,666	$	47,121
Provision for loan losses		5,884		1,140		(657)		(209)		(536)		150		628		6,400
Loans charged-off		(5,215)		(491)		—		—		(48)		(357)		—		(6,111)
Recoveries		752		30		42		—		108		111		—		1,043
Net loans (charged-off) recovered		(4,463)		(461)		42		—		60		(246)		—		(5,068)
Ending balance	$	22,518	$	15,393	$	4,305	$	368	$	2,292	$	283	$	3,294	$	48,453

NOTE 4 - ALLOWANCE FOR LOAN 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 and 2019:

Commercial

Real Estate

Commercial

and

Agri-business

Consumer

and

Multi-family

and

Other

1-4 Family

Other

(dollars in thousands)

Industrial

Residential

Agricultural

Commercial

Mortgage

Consumer

Unallocated

Total

December 31, 2020

Allowance for loan losses:

Ending allowance balance attributable to loans:

Individually evaluated for impairment

6,310

1,377

—

270

—

8,041

Collectively evaluated for impairment

22,023

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

—

1,700

—

20,179

Loans collectively evaluated for impairment

1,772,393

1,887,054

429,234

93,912

342,999

103,385

—

4,628,977

Total ending loans balance

1,784,926

1,892,572

429,662

93,912

344,699

103,385

—

4,649,156


			Commercial
			Real Estate
	Commercial		and		Agri-business				Consumer
	and		Multi-family		and		Other		1-4 Family		Other
(dollars in thousands)	Industrial		Residential		Agricultural		Commercial		Mortgage		Consumer		Unallocated		Total
December 31, 2019
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	9,324	$	538	$	90	$	—	$	426	$	6	$	—	$	10,384
Collectively evaluated for impairment		16,465		15,258		3,779		447		1,660		339		2,320		40,268
Total ending allowance balance	$	25,789	$	15,796	$	3,869	$	447	$	2,086	$	345	$	2,320	$	50,652

Loans:
Loans individually evaluated for impairment	$	19,580	$	4,998	$	445	$	—	$	2,789	$	17	$	—	$	27,829
Loans collectively evaluated for impairment		1,407,246		1,665,842		379,186		112,166		375,210		98,349		—		4,037,999
Total ending loans balance	$	1,426,826	$	1,670,840	$	379,631	$	112,166	$	377,999	$	98,366	$	—	$	4,065,828

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2020:


	Unpaid				Allowance for
	Principal		Recorded		Loan Losses
(dollars in thousands)	Balance		Investment		Allocated
With no related allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans	$	346	$	173	$	0
Non-working capital loans		2,399		968		0
Commercial real estate and multi-family residential loans:
Owner occupied loans		3,002		2,930		0
Agri-business and agricultural loans:
Loans secured by farmland		603		283		0
Consumer 1‑4 family loans:
Closed end first mortgage loans		316		236		0
Open end and junior lien loans		5		5		0
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans		433		433		255
Non-working capital loans		11,644		10,959		6,055
Commercial real estate and multi-family residential loans:
Owner occupied loans		2,589		2,588		1,377
Agri-business and agricultural loans:
Loans secured by farmland		145		145		84
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		1,457		1,459		270
Total	$	22,939	$	20,179	$	8,041

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

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


	Unpaid				Allowance for
	Principal		Recorded		Loan Losses
(dollars in thousands)	Balance		Investment		Allocated
With no related allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans	$	22	$	22	$	—
Non-working capital loans		2,130		735		—
Commercial real estate and multi-family residential loans:
Owner occupied loans		3,189		3,010		—
Agri-business and agricultural loans:
Loans secured by farmland		603		283		—
Loans for ag production		15		15		—
Consumer 1‑4 family loans:
Closed end first mortgage loans		411		330		—
Open end and junior lien loans		121		121		—
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans		6,214		6,214		3,089
Non-working capital loans		13,230		12,609		6,235
Commercial real estate and multi-family residential loans:
Owner occupied loans		1,988		1,988		538
Agri-business and agricultural loans:
Loans secured by farmland		147		147		90
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		1,643		1,646		363
Open end and junior lien loans		641		640		53
Residential construction loans		51		52		10
Other consumer loans		17		17		6
Total	$	30,422	$	27,829	$	10,384

NOTE 4 - ALLOWANCE FOR LOAN 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:


					Cash Basis
	Average		Interest		Interest
	Recorded		Income		Income
(dollars in thousands)	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans	$	375	$	—	$	—
Non-working capital loans		816		21		21
Commercial real estate and multi-family residential loans:
Owner occupied loans		2,156		13		12
Agri-business and agricultural loans:
Loans secured by farmland		283		—		—
Consumer 1-4 family loans:
Closed end first mortgage loans		291		3		2
Open end and junior lien loans		49		—		—
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans		2,433		—		—
Non-working capital loans		11,579		287		287
Commercial real estate and multi-family residential loans:
Owner occupied loans		3,156		30		30
Agri-business and agricultural loans:
Loans secured by farmland		147		—		—
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans		1,557		36		33
Open end and junior lien loans		481		—		—
Residential construction loans		35		—		—
Total	$	23,362	$	390	$	385

NOTE 4 - ALLOWANCE FOR LOAN 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:


					Cash Basis
	Average		Interest		Interest
	Recorded		Income		Income
(dollars in thousands)	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans	$	176	$	9	$	9
Non-working capital loans		1,170		40		30
Commercial real estate and multi-family residential loans:
Owner occupied loans		2,354		34		34
Agri-business and agricultural loans:
Loans secured by farmland		283		—		—
Loans for ag production		4		—		—
Consumer 1-4 family loans:
Closed end first mortgage loans		272		3		3
Open end and junior lien loans		133		—		—
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans		6,335		143		81
Non-working capital loans		11,800		448		410
Commercial real estate and multi-family residential loans:
Construction and land development loans
Owner occupied loans		1,849		43		39
Agri-business and agricultural loans:
Loans secured by farmland		147		3		1
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans		1,643		45		43
Open end and junior lien loans		268		—		—
Residential construction loans		9		—		—
Other consumer loans		21		2		1
Total	$	26,464	$	770	$	651

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 2018:


					Cash Basis
	Average		Interest		Interest
	Recorded		Income		Income
(dollars in thousands)	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans	$	785	$	26	$	23
Non-working capital loans		1,862		74		68
Commercial real estate and multi-family residential loans:
Construction and land development loans		58		5		4
Owner occupied loans		2,291		36		37
Agri-business and agricultural loans:
Loans secured by farmland		283		—		—
Consumer 1‑4 family loans:
Closed end first mortgage loans		521		13		12
Open end and junior lien loans		205		—		—
With an allowance recorded:
Commercial and industrial loans:
Working capital lines of credit loans		3,307		74		12
Non-working capital loans		5,328		138		81
Commercial real estate and multi-family residential loans:
Construction and land development loans		453		26		29
Owner occupied loans		1,631		9		1
Agri-business and agricultural loans:
Loans secured by farmland		12		1		—
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		1,214		37		36
Open end and junior lien loans		38		—		—
Other consumer loans		47		3		3
Total	$	18,035	$	442	$	306

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 LOAN 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:

Greater than

30‑89

90 Days Past

Total Past

Loans Not

Days

Due and Still

Due and

(dollars in thousands)

Past Due

Accruing

Nonaccrual

Total

Commercial and industrial loans:

Working capital lines of credit loans

625,493

—

606

626,099

Non-working capital loans

1,153,540

—

5,287

1,158,827

Commercial real estate and multi-family residential loans:

Construction and land development loans

361,664

—

361,664

Owner occupied loans

642,527

—

5,047

647,574

Nonowner occupied loans

579,050

—

579,050

Multi-family loans

304,284

—

304,284

Agri-business and agricultural loans:

Loans secured by farmland

194,935

—

428

195,363

Loans for agricultural production

234,191

108

—

108

234,299

Other commercial loans

93,912

—

93,912

Consumer 1‑4 family mortgage loans:

Closed end first mortgage loans

165,895

877

116

613

1,606

167,501

Open end and junior lien loans

165,094

137

—

142

165,236

Residential construction loans

11,962

—

11,962

Other consumer loans

103,240

145

—

145

103,385

Total

4,635,787

1,267

116

11,986

13,369

4,649,156

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 by class of loans:


					Greater than
			30‑89		90 Days Past				Total Past
	Loans Not		Days		Due and Still				Due and
(dollars in thousands)	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	703,737	$	10	$	—	$	6,236	$	6,246	$	709,983
Non-working capital loans		710,557		4		—		6,282		6,286		716,843
Commercial real estate and multi-family residential loans:
Construction and land development loans		286,534		—		—		—		—		286,534
Owner occupied loans		569,303		—		—		4,056		4,056		573,359
Nonowner occupied loans		570,687		—		—		—		—		570,687
Multi-family loans		240,260		—		—		—		—		240,260
Agri-business and agricultural loans:
Loans secured by farmland		173,959		—		—		430		430		174,389
Loans for agricultural production		205,228		—		—		14		14		205,242
Other commercial loans		112,166		—		—		—		—		112,166
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		174,902		1,099		45		827		1,971		176,873
Open end and junior lien loans		187,255		188		—		761		949		188,204
Residential construction loans		12,870		—		—		52		52		12,922
Other consumer loans		98,176		173		—		17		190		98,366
Total	$	4,045,634	$	1,474	$	45	$	18,675	$	20,194	$	4,065,828

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

Troubled Debt Restructurings:

Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $5.5 million and $2.5 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of December 31, 2020 and 2019. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring.


(dollars in thousands)	2020		2019
Accruing troubled debt restructured loans	$	5,237	$	5,909
Nonaccrual troubled debt restructured loans		6,476		3,188
Total troubled debt restructured loans	$	11,713	$	9,097

During the year ending 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.

Additional concessions were granted to borrowers during 2020 with previously identified troubled debt restructured loans. There were three commercial and industrial loans with recorded investments totaling $2.2 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 $45,000 and resulted in no charge-offs for year ending December 31, 2020. 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, 2020:

Modified Repayment Terms

Pre-Modification

Post-Modification

Extension

Outstanding

Period or

Number of

Recorded

Number of

Range

(dollars in thousands)

Loans

Investment

Loans

(in months)

Troubled Debt Restructurings Commercial and industrial loans:

Working capital lines of credit loans

250

315

Non-working capital loans

4,288

3,691

Commercial real estate and multi-family residential loans:

Owner occupied loans

1,528

1,527

Total

6,066

5,533

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.

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

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 total 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 evaluated individually, and management has determined that all contractual cashflows are collectable at this 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.

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

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

Pre-Modification

Post-Modification

Extension

Outstanding

Period or

Number of

Recorded

Number of

Range

(dollars in thousands)

Loans

Investment

Loans

(in months)

Troubled Debt Restructurings

Commercial and industrial loans:

Working capital lines of credit loans

Total

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.

During the year ending December 31, 2018, 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 2018 with previously identified troubled debt restructured loans. There were three commercial real estate loans with recorded investments totaling $1.3 million and three commercial and industrial loans with recorded investments totaling $1.4 million where the collateral value and/or cash flows do not support those loans. The other three loans are to borrowers for investments in land for residential development which have not had sales activity to support loans with a recorded investments totaling $593,000. These troubled debt restructured loans with additional concessions increased the allowance by $189,000 and resulted in no charge-offs for year ending December 31, 2018. These concessions are not included in the table below.

NOTE 4 - ALLOWANCE FOR LOAN 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, 2018:


						Modified Repayment Terms
		Pre-Modification		Post-Modification			Extension
		Outstanding		Outstanding			Period or
	Number of	Recorded		Recorded		Number of	Range
(dollars in thousands)	Loans	Investment		Investment		Loans	(in months)
Troubled Debt Restructurings Commercial and industrial loans:
Working capital lines of credit loans	1	$	600	$	600	1	0
Non-working capital loans	7		4,628		4,628	7	0‑6
Commercial real estate and multi-family residential loans:
Construction and land
development loans	1		824		824	1	12
Owner occupied loans	2		933		933	2	12
Consumer 1-4 family loans:
Closed end first mortgage loans	1		198		197	1	239
Total	12	$	7,183	$	7,182	12	0‑239

NOTE 4 - ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (continued)

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, 2020, 2019 and 2018.


	2020			2019			2018
	Number of	Recorded		Number of	Recorded		Number of	Recorded
(dollars in thousands)	Loans	Investment		Loans	Investment		Loans	Investment
Troubled Debt Restructurings that Subsequently Defaulted Commercial and industrial loans:
Non-working capital loans	—	$	—	1	$	601	—	$	—
Total	—	$	—	1	$	601	—	$	—

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 not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be Pass rated loans with the exception of consumer troubled debt restructurings which are evaluated and listed with Substandard consumer 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 LOAN 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:

Special

Not

(dollars in thousands)

Pass

Mention

Substandard

Doubtful

Rated

Total

Commercial and industrial loans:

Working capital lines of credit loans

535,071

81,095

9,718

—

215

626,099

Non-working capital loans

1,111,989

26,523

14,820

—

5,495

1,158,827

Commercial real estate and multi-family residential loans:

Construction and land development loans

361,664

—

361,664

Owner occupied loans

608,845

31,355

7,374

—

647,574

Nonowner occupied loans

547,790

31,260

—

579,050

Multi-family loans

282,031

22,253

—

304,284

Agri-business and agricultural loans:

Loans secured by farmland

183,983

10,728

652

—

195,363

Loans for agricultural production

185,875

48,424

—

234,299

Other commercial loans

93,912

—

93,912

Consumer 1‑4 family mortgage loans:

Closed end first mortgage loans

40,682

—

1,695

—

125,124

167,501

Open end and junior lien loans

8,424

—

156,807

165,236

Residential construction loans

—

11,962

Other consumer loans

36,979

253

—

66,153

103,385

Total

3,997,245

251,891

34,264

365,756

4,649,156

As of December 31, 2020, $412.0 million in Paycheck Protection Program loans were included in the “Pass” category of non-working capital loans. These loans were included in this risk rating category because they are fully guaranteed by the Small Business Administration.

As of December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:


			Special						Not
(dollars in thousands)	Pass		Mention		Substandard		Doubtful		Rated		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	631,728	$	40,551	$	37,278	$	—	$	426	$	709,983
Non-working capital loans		673,370		18,782		19,381		—		5,310		716,843
Commercial real estate and multi-family residential loans:
Construction and land development loans		286,534		—		—		—		—		286,534
Owner occupied loans		535,496		14,804		23,059		—		—		573,359
Nonowner occupied loans		569,315		781		591		—		—		570,687
Multi-family loans		240,260		—		—		—		—		240,260
Agri-business and agricultural loans:
Loans secured by farmland		165,005		7,952		1,432		—		—		174,389
Loans for agricultural production		191,489		13,738		15		—		—		205,242
Other commercial loans		112,166		—		—		—		—		112,166
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans		47,405		—		1,976		—		127,492		176,873
Open end and junior lien loans		10,845		—		762		—		176,597		188,204
Residential construction loans		—		—		51		—		12,871		12,922
Other consumer loans		27,250		—		17		—		71,099		98,366
Total	$	3,490,863	$	96,608	$	84,562	$	—	$	393,795	$	4,065,828