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Loans (Tables)

12 Months Ended

Dec. 31, 2019

Total net loans at December 31, 2019 and 2018 are summarized as follows:



	2019			2018
Commercial, industrial, and agricultural	$	1,046,665		$	916,297
Commercial mortgages	814,002			697,776
Residential real estate	814,030			771,309
Consumer	124,785			86,035
Credit cards	7,569			7,623
Overdrafts	2,146			308
Less: unearned discount	(5,162		)	(4,791		)
allowance for loan losses	(19,473		)	(19,704		)
Loans, net	$	2,784,562		$	2,454,853

Allowance for Loan Losses

Transactions in the allowance for loan losses for the year ended December 31, 2019 were as follows:



	Commercial, Industrial, and Agricultural			Commercial Mortgages			Residential Real Estate			Consumer			Credit Cards			Overdrafts			Total
Allowance for loan losses, January 1, 2019	$	7,341		$	7,490		$	2,156		$	2,377		$	103		$	237		$	19,704
Charge-offs	(205		)	(3,391		)	(386		)	(2,200		)	(116		)	(453		)	(6,751		)
Recoveries	17			124			73			154			15			113			496
Provision for loan losses	1,134			2,729			(344		)	2,080			82			343			6,024
Allowance for loan losses, December 31, 2019	$	8,287		$	6,952		$	1,499		$	2,411		$	84		$	240		$	19,473

Transactions in the allowance for loan losses for the year ended December 31, 2018 were as follows:



	Commercial, Industrial, and Agricultural			Commercial Mortgages			Residential Real Estate			Consumer			Credit Cards			Overdrafts			Total
Allowance for loan losses, January 1, 2018	$	6,160		$	9,007		$	2,033		$	2,179		$	120		$	194		$	19,693
Charge-offs	(253		)	(3,337		)	(315		)	(2,279		)	(90		)	(319		)	(6,593		)
Recoveries	171			30			67			141			33			90			532
Provision for loan losses	1,263			1,790			371			2,336			40			272			6,072
Allowance for loan losses, December 31, 2018	$	7,341		$	7,490		$	2,156		$	2,377		$	103		$	237		$	19,704

Transactions in the allowance for loan losses for the year ended December 31, 2017 were as follows:



	Commercial, Industrial, and Agricultural			Commercial Mortgages			Residential Real Estate			Consumer			Credit Cards			Overdrafts			Total
Allowance for loan losses, January 1, 2017	$	5,428		$	6,753		$	1,653		$	2,215		$	93		$	188		$	16,330
Charge-offs	(544		)	(116		)	(466		)	(2,555		)	(144		)	(252		)	(4,077		)
Recoveries	235			197			78			161			27			87			785
Provision for loan losses	1,041			2,173			768			2,358			144			171			6,655
Allowance for loan losses, December 31, 2017	$	6,160		$	9,007		$	2,033		$	2,179		$	120		$	194		$	19,693

Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment

The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and is based on the Corporation’s impairment method as of December 31, 2019 and 2018. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance.



December 31, 2019	Commercial, Industrial, and Agricultural		Commercial Mortgages		Residential Real Estate		Consumer		Credit Cards		Overdrafts		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	645	$	1,264	$	34	$	0	$	0	$	0	$	1,943
Collectively evaluated for impairment	7,614		5,358		1,465		2,411		84		240		17,172
Acquired with deteriorated credit quality	0		0		0		0		0		0		0
Modified in a troubled debt restructuring	28		330		0		0		0		0		358
Total ending allowance balance	$	8,287	$	6,952	$	1,499	$	2,411	$	84	$	240	$	19,473
Loans:
Individually evaluated for impairment	$	8,078	$	2,410	$	465	$	0	$	0	$	0	$	10,953
Collectively evaluated for impairment	1,035,494		804,360		813,565		124,785		7,569		2,146		2,787,919
Acquired with deteriorated credit quality	0		523		0		0		0		0		523
Modified in a troubled debt restructuring	3,093		6,709		0		0		0		0		9,802
Total ending loans balance	$	1,046,665	$	814,002	$	814,030	$	124,785	$	7,569	$	2,146	$	2,809,197



December 31, 2018	Commercial, Industrial, and Agricultural		Commercial Mortgages		Residential Real Estate		Consumer		Credit Cards		Overdrafts		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	54	$	4	$	100	$	0	$	0	$	10	$	168
Collectively evaluated for impairment	7,183		3,036		2,056		2,377		103		227		14,982
Acquired with deteriorated credit quality	0		0		0		0		0		0		0
Modified in a troubled debt restructuring	104		4,450		0		0		0		0		4,554
Total ending allowance balance	$	7,341	$	7,490	$	2,156	$	2,377	$	103	$	237	$	19,704
Loans:
Individually evaluated for impairment	$	1,334	$	1,446	$	502	$	0	$	0	$	10	$	3,292
Collectively evaluated for impairment	910,386		685,714		770,807		86,035		7,623		298		2,460,863
Acquired with deteriorated credit quality	0		567		0		0		0		0		567
Modified in a troubled debt restructuring	4,577		10,049		0		0		0		0		14,626
Total ending loans balance	$	916,297	$	697,776	$	771,309	$	86,035	$	7,623	$	308	$	2,479,348

Loans Individually Evaluated for Impairment Including Loans Modified in Troubled Debt Restructurings by Portfolio Segment



	Year Ended December 31, 2019
	Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized
With an allowance recorded:
Commercial, industrial, and agricultural	$	1,750	$	90	$	90
Commercial mortgage	6,586		119		119
Residential real estate	191		13		13
Overdrafts	0		0		0
With no related allowance recorded:
Commercial, industrial, and agricultural	4,919		208		208
Commercial mortgage	3,985		158		158
Residential real estate	294		11		11
Overdrafts	0		0		0
Total	$	17,725	$	599	$	599



	Year Ended December 31, 2018
	Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized
With an allowance recorded:
Commercial, industrial, and agricultural	$	2,745	$	254	$	249
Commercial mortgage	8,456		338		326
Residential real estate	304		20		19
Overdrafts	2		0		0
With no related allowance recorded:
Commercial, industrial, and agricultural	4,642		157		148
Commercial mortgage	4,566		146		144
Residential real estate	0		0		0
Total	$	20,715	$	915	$	886



	Year Ended December 31, 2017
	Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized
With an allowance recorded:
Commercial, industrial, and agricultural	$	1,513	$	97	$	97
Commercial mortgage	11,944		327		327
Residential real estate	0		0		0
With no related allowance recorded:
Commercial, industrial, and agricultural	2,438		114		114
Commercial mortgage	2,474		122		122
Residential real estate	0		0		0
Total	$	18,369	$	660	$	660

The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018, and 2017, respectively.



December 31, 2019	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated
With an allowance recorded:
Commercial, industrial, and agricultural	$	2,657	$	1,476	$	673
Commercial mortgage	6,541		4,349		1,594
Residential real estate	485		465		34
With no related allowance recorded:
Commercial, industrial, and agricultural	9,845		9,695		0
Commercial mortgage	4,903		4,770		0
Residential real estate	0		0		0
Total	$	24,431	$	20,755	$	2,301



December 31, 2018	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated
With an allowance recorded:
Commercial, industrial, and agricultural	$	3,053	$	3,037	$	158
Commercial mortgage	10,799		6,709		4,454
Residential real estate	502		502		100
Overdrafts	10		10		10
With no related allowance recorded:
Commercial, industrial, and agricultural	3,684		2,874		0
Commercial mortgage	5,659		4,786		0
Residential real estate	0		0		0
Total	$	23,707	$	17,918	$	4,722

Aging of Recorded Investment in Past Due Loans

The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of December 31, 2019 and 2018:



	December 31, 2019				December 31, 2018
	Nonaccrual		Past Due Over 90 Days Still on Accrual		Nonaccrual		Past Due Over 90 Days Still on Accrual
Commercial, industrial, and agricultural	$	11,644	$	0	$	2,076	487
Commercial mortgages	4,533		0		6,329		53
Residential real estate	4,724		59		5,187		299
Consumer	835		0		670		43
Credit cards	0		2		0		5
Total	$	21,736	$	61	$	14,262	$	887

The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 and 2018 by class of loans.



December 31, 2019	30-59 Days Past Due		60-89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Commercial, industrial, and agricultural	$	1,273	$	548	$	3,784	$	5,605	$	1,041,060	$	1,046,665
Commercial mortgages	162		183		2,594		2,939		811,063		814,002
Residential real estate	3,383		1,270		2,714		7,367		806,663		814,030
Consumer	412		311		415		1,138		123,647		124,785
Credit cards	48		54		2		104		7,465		7,569
Overdrafts	0		0		0		0		2,146		2,146
Total	$	5,278	$	2,366	$	9,509	$	17,153	$	2,792,044	$	2,809,197



December 31, 2018	30-59 Days Past Due		60-89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Commercial, industrial, and agricultural	$	2,339	$	9	$	2,264	$	4,612	$	911,685	$	916,297
Commercial mortgages	758		3,055		283		4,096		693,680		697,776
Residential real estate	3,982		1,257		3,988		9,227		762,082		771,309
Consumer	470		282		363		1,115		84,920		86,035
Credit cards	59		15		5		79		7,544		7,623
Overdrafts	0		0		0		0		308		308
Total	$	7,608	$	4,618	$	6,903	$	19,129	$	2,460,219	$	2,479,348

Restructured in Troubled Debt

The following table presents the number of loans, loan balances, and specific reserves for loans that have been restructured in a troubled debt restructuring as of December 31, 2019 and December 31, 2018.



	December 31, 2019					December 31, 2018
	Number of Loans	Loan Balance		Specific Reserve		Number of Loans	Loan Balance		Specific Reserve
Commercial, industrial, and agricultural	10	$	3,093	$	28	10	$	4,577	$	104
Commercial mortgages	13	6,709		330		15	10,049		4,450
Residential real estate	0	0		0		0	0		0
Consumer	0	0		0		0	0		0
Credit cards	0	0		0		0	0		0
Total	23	$	9,802	$	358	25	$	14,626	$	4,554

Loans by Class Modified as Troubled Debt Restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2019, 2018, and 2017:



	Year Ended December 31, 2019
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial, industrial, and agricultural	0	$	0	$	0
Commercial mortgages	1	383		383
Residential real estate	0	0		0
Consumer	0	0		0
Credit cards	0	0		0
Total	1	$	383	$	383



	Year Ended December 31, 2018
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial, industrial, and agricultural	0	$	0	$	0
Commercial mortgages	5	1,570		1,570
Residential real estate	0	0		0
Consumer	0	0		0
Credit cards	0	0		0
Total	5	$	1,570	$	1,570



	Year Ended December 31, 2017
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial, industrial, and agricultural	4	$	2,750	$	2,750
Commercial mortgages	2	6,421		6,421
Residential real estate	0	0		0
Consumer	0	0		0
Credit cards	0	0		0
Total	6	$	9,171	$	9,171

Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date

The following table presents the recorded investment in residential, consumer, and credit card loans based on performance status as of December 31, 2019 and December 31, 2018:



	December 31, 2019						December 31, 2018
	Residential Real Estate		Consumer		Credit Cards		Residential Real Estate		Consumer		Credit Cards
Performing	$	809,247	$	123,950	$	7,567	$	765,823	$	85,322	$	7,618
Nonperforming	4,783		835		2		5,486		713		5
Total	$	814,030	$	124,785	$	7,569	$	771,309	$	86,035	$	7,623

All loans included in the following tables have been assigned a risk rating within 12 months of the balance sheet date.



December 31, 2019	Pass		Special Mention		Substandard		Doubtful		Total
Commercial, industrial, and agricultural	$	1,004,445	$	16,696	$	25,524	$	0	$	1,046,665
Commercial mortgages	780,798		18,837		14,367		0		814,002
Total	$	1,785,243	$	35,533	$	39,891	$	0	$	1,860,667



December 31, 2018	Pass		Special Mention		Substandard		Doubtful		Total
Commercial, industrial, and agricultural	$	890,360	$	10,484	$	15,453	$	0	$	916,297
Commercial mortgages	684,806		3,236		9,734		0		697,776
Total	$	1,575,166	$	13,720	$	25,187	$	0	$	1,614,073

Summary of Holiday's Loan Portfolio Included in Consumer and Residential Loans

Holiday’s loan portfolio, included in consumer and residential loans above, is summarized as follows at December 31, 2019 and 2018:



	2019			2018
Consumer	$	28,122		$	26,568
Less: unearned discount	(5,162		)	(4,791		)
Total	$	22,960		$	21,777