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LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2023

Total net loans receivable at September 30, 2023 and December 31, 2022 are summarized as follows:


	September 30, 2023		Percentage of Total		December 31, 2022		Percentage of Total
Farmland	$	32,794	0.7	%	$	32,168	0.8	%
Owner-occupied, nonfarm nonresidential properties	494,526		11.0		468,493		11.0
Agricultural production and other loans to farmers	1,118		—		1,198		—
Commercial and Industrial	730,542		16.3		791,911		18.5
Obligations (other than securities and leases) of states and political subdivisions	153,722		3.4		145,345		3.4
Other loans	43,082		1.0		24,710		0.6
Other construction loans and all land development and other land loans	461,931		10.3		446,685		10.5
Multifamily (5 or more) residential properties	268,432		6.0		257,696		6.0
Non-owner occupied, nonfarm nonresidential properties	908,520		20.2		795,315		18.6
1-4 Family Construction	54,700		1.2		51,171		1.2
Home equity lines of credit	124,970		2.8		124,892		2.9
Residential Mortgages secured by first liens	992,562		22.1		942,531		22.0
Residential Mortgages secured by junior liens	91,250		2.0		74,638		1.7
Other revolving credit plans	44,476		1.0		36,372		0.9
Automobile	26,077		0.6		21,806		0.5
Other consumer	50,507		1.1		49,144		1.1
Credit cards	12,638		0.3		10,825		0.3
Overdrafts	327		—		278		—
Total loans receivable	$	4,492,174	100.0	%	$	4,275,178	100.0	%
Less: Allowance for credit losses	(45,832)				(43,436)
Loans receivable, net	$	4,446,342			$	4,231,742

Net deferred loan origination fees included in the above table	$	3,335			$	4,463

Schedule of Allowance for Loan Losses

Transactions in the allowance for credit losses for the three months ended September 30, 2023 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	140	$	—	$	—	$	(15)	$	125
Owner-occupied, nonfarm nonresidential properties	3,151		—		8		789		3,948
Agricultural production and other loans to farmers	5		—		—		(1)		4
Commercial and Industrial	8,659		(80)		42		(1,142)		7,479
Obligations (other than securities and leases) of states and political subdivisions	2,306		—		—		321		2,627
Other loans	733		—		—		(214)		519
Other construction loans and all land development and other land loans	3,591		—		—		367		3,958
Multifamily (5 or more) residential properties	1,613		—		—		537		2,150
Non-owner occupied, nonfarm nonresidential properties	8,977		(88)		6		1,006		9,901
1-4 Family Construction	408		—		—		(11)		397
Home equity lines of credit	969		(10)		1		(156)		804
Residential Mortgages secured by first liens	9,250		(15)		—		(1,241)		7,994
Residential Mortgages secured by junior liens	1,578		—		—		(59)		1,519
Other revolving credit plans	931		(40)		4		97		992
Automobile	376		(23)		—		13		366
Other consumer	2,561		(423)		23		481		2,642
Credit cards	72		(23)		7		24		80
Overdrafts	221		(153)		32		227		327
Total	$	45,541	$	(855)	$	123	$	1,023	$	45,832

(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," in the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

Transactions in the allowance for credit losses for the nine months ended September 30, 2023 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	159	$	—	$	—	$	(34)	$	125
Owner-occupied, nonfarm nonresidential properties	2,905		(26)		23		1,046		3,948
Agricultural production and other loans to farmers	6		—		—		(2)		4
Commercial and Industrial	9,766		(126)		187		(2,348)		7,479
Obligations (other than securities and leases) of states and political subdivisions	1,863		—		—		764		2,627
Other loans	456		—		—		63		519
Other construction loans and all land development and other land loans	3,253		—		—		705		3,958
Multifamily (5 or more) residential properties	2,353		(65)		2		(140)		2,150
Non-owner occupied, nonfarm nonresidential properties	7,653		(336)		6		2,578		9,901
1-4 Family Construction	327		—		—		70		397
Home equity lines of credit	1,173		(10)		4		(363)		804
Residential Mortgages secured by first liens	8,484		(22)		3		(471)		7,994
Residential Mortgages secured by junior liens	1,035		—		—		484		1,519
Other revolving credit plans	722		(98)		21		347		992
Automobile	271		(33)		—		128		366
Other consumer	2,665		(1,405)		97		1,285		2,642
Credit cards	67		(103)		14		102		80
Overdrafts	278		(451)		111		389		327
Total	$	43,436	$	(2,675)	$	468	$	4,603	$	45,832

Transactions in the allowance for credit losses for the three months ended September 30, 2022 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	191	$	—	$	—	$	(8)	$	183
Owner-occupied, nonfarm nonresidential properties	3,714		—		3		(272)		3,445
Agricultural production and other loans to farmers	7		—		—		(2)		5
Commercial and Industrial	9,555		—		32		(21)		9,566
Obligations (other than securities and leases) of states and political subdivisions	1,665		—		—		97		1,762
Other loans	167		—		—		(2)		165
Other construction loans and all land development and other land loans	2,328		—		—		208		2,536
Multifamily (5 or more) residential properties	2,277		—		—		(171)		2,106
Non-owner occupied, nonfarm nonresidential properties	6,748		(169)		336		215		7,130
1-4 Family Construction	236		—		—		(56)		180
Home equity lines of credit	1,353		—		1		26		1,380
Residential Mortgages secured by first liens	7,664		(4)		1		198		7,859
Residential Mortgages secured by junior liens	628		—		—		338		966
Other revolving credit plans	598		(28)		12		58		640
Automobile	242		(7)		2		27		264
Other consumer	2,704		(404)		22		437		2,759
Credit cards	110		(15)		25		(33)		87
Overdrafts	356		(152)		35		(3)		236
Total loans	$	40,543	$	(779)	$	469	$	1,036	$	41,269

Transactions in the allowance for credit losses for the nine months ended September 30, 2022 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	151	$	—	$	—	$	32	$	183
Owner-occupied, nonfarm nonresidential properties	3,339		(21)		12		115		3,445
Agricultural production and other loans to farmers	9		—		—		(4)		5
Commercial and Industrial	8,837		(85)		123		691		9,566
Obligations (other than securities and leases) of states and political subdivisions	1,649		—		—		113		1,762
Other loans	149		—		—		16		165
Other construction loans and all land development and other land loans	2,198		—		—		338		2,536
Multifamily (5 or more) residential properties	2,289		—		—		(183)		2,106
Non-owner occupied, nonfarm nonresidential properties	6,481		(169)		336		482		7,130
1-4 Family Construction	158		—		—		22		180
Home equity lines of credit	1,169		—		11		200		1,380
Residential Mortgages secured by first liens	6,943		(51)		13		954		7,859
Residential Mortgages secured by junior liens	546		—		—		420		966
Other revolving credit plans	528		(73)		46		139		640
Automobile	263		(20)		2		19		264
Other consumer	2,546		(1,174)		63		1,324		2,759
Credit cards	92		(74)		33		36		87
Overdrafts	241		(398)		109		284		236
Total loans	$	37,588	$	(2,065)	$	748	$	4,998	$	41,269

Schedule of Nonaccrual Loans and Loans Receivable Past Due over 90 Days Still Accruing Interest by Class of Loans

The following tables presents the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of September 30, 2023 and December 31, 2022, respectively:


	September 30, 2023
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	929	$	929	$	—
Owner-occupied, nonfarm nonresidential properties	2,983		1,798		—

Commercial and Industrial	5,152		4,705		—


Other construction loans and all land development and other land loans	1,613		64		—
Multifamily (5 or more) residential properties	305		305		—
Non-owner occupied, nonfarm nonresidential properties	9,855		7,232		—

Home equity lines of credit	566		566		—
Residential Mortgages secured by first liens	4,717		4,297		134
Residential Mortgages secured by junior liens	128		128		—
Other revolving credit plans	32		32		—
Automobile	22		22		—
Other consumer	763		763		—
Credit cards	—		—		97

Total	$	27,065	$	20,841	$	231


	December 31, 2022
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	1,011	$	1,011	$	994
Owner-occupied, nonfarm nonresidential properties	2,055		1,987		—

Commercial and Industrial	5,485		2,366		71


Other construction loans and all land development and other land loans	567		567		—
Multifamily (5 or more) residential properties	1,066		423		—
Non-owner occupied, nonfarm nonresidential properties	5,081		2,665		—

Home equity lines of credit	475		475		—
Residential Mortgages secured by first liens	4,329		3,882		48
Residential Mortgages secured by junior liens	91		91		—
Other revolving credit plans	26		26		—
Automobile	19		19		—
Other consumer	781		781		—
Credit cards	—		—		8

Total	$	20,986	$	14,293	$	1,121

Schedule of Aging of Recorded Investment in Past Due Loans

The following table presents the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of September 30, 2023:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	763	$	—
Owner-occupied, nonfarm nonresidential properties	6,898		4

Commercial and Industrial	5,488		1,681


Other construction loans and all land development and other land loans	1,549		—
Multifamily (5 or more) residential properties	305		—
Non-owner occupied, nonfarm nonresidential properties	8,858		—

Home equity lines of credit	317		—
Residential Mortgages secured by first liens	1,087		—






Total	$	25,265	$	1,685

The following table presents the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of December 31, 2022:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	829	$	—
Owner-occupied, nonfarm nonresidential properties	1,296		4

Commercial and Industrial	—		1,904


Other construction loans and all land development and other land loans	501		—
Multifamily (5 or more) residential properties	1,066		—
Non-owner occupied, nonfarm nonresidential properties	5,874		—

Home equity lines of credit	335		—
Residential Mortgages secured by first liens	1,150		—






Total	$	11,051	$	1,908

The following table presents the aging of the amortized cost basis in past-due loans receivable as of September 30, 2023 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Receivable Not Past Due		Total
Farmland	$	182	$	—	$	129	$	311	$	32,483	$	32,794
Owner-occupied, nonfarm nonresidential properties	642		623		1,463		2,728		491,798		494,526
Agricultural production and other loans to farmers	—		—		—		—		1,118		1,118
Commercial and Industrial	341		157		334		832		729,710		730,542
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		153,722		153,722
Other loans	—		—		—		—		43,082		43,082
Other construction loans and all land development and other land loans	—		42		1,613		1,655		460,276		461,931
Multifamily (5 or more) residential properties	—		305		—		305		268,127		268,432
Non-owner occupied, nonfarm nonresidential properties	219		—		8,247		8,466		900,054		908,520
1-4 Family Construction	—		—		—		—		54,700		54,700
Home equity lines of credit	926		168		20		1,114		123,856		124,970
Residential Mortgages secured by first liens	2,382		1,271		1,641		5,294		987,268		992,562
Residential Mortgages secured by junior liens	47		—		90		137		91,113		91,250
Other revolving credit plans	29		39		7		75		44,401		44,476
Automobile	106		87		11		204		25,873		26,077
Other consumer	456		227		361		1,044		49,463		50,507
Credit cards	1,255		53		97		1,405		11,233		12,638
Overdrafts	—		—		—		—		327		327
Total	$	6,585	$	2,972	$	14,013	$	23,570	$	4,468,604	$	4,492,174

The following table presents the aging of the amortized cost basis in past-due loans receivable as of December 31, 2022 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Receivable Not Past Due		Total
Farmland	$	—	$	—	$	1,136	$	1,136	$	31,032	$	32,168
Owner-occupied, nonfarm nonresidential properties	185		27		734		946		467,547		468,493
Agricultural production and other loans to farmers	—		—		—		—		1,198		1,198
Commercial and Industrial	246		93		611		950		790,961		791,911
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		145,345		145,345
Other loans	—		—		—		—		24,710		24,710
Other construction loans and all land development and other land loans	1,522		—		501		2,023		444,662		446,685
Multifamily (5 or more) residential properties	706		—		90		796		256,900		257,696
Non-owner occupied, nonfarm nonresidential properties	113		60		879		1,052		794,263		795,315
1-4 Family Construction	—		—		—		—		51,171		51,171
Home equity lines of credit	203		10		49		262		124,630		124,892
Residential Mortgages secured by first liens	1,302		538		1,775		3,615		938,916		942,531
Residential Mortgages secured by junior liens	5		—		51		56		74,582		74,638
Other revolving credit plans	65		27		—		92		36,280		36,372
Automobile	36		—		—		36		21,770		21,806
Other consumer	361		188		473		1,022		48,122		49,144
Credit cards	196		18		8		222		10,603		10,825
Overdrafts	—		—		—		—		278		278
Total	$	4,940	$	961	$	6,307	$	12,208	$	4,262,970	$	4,275,178

Schedule of Restructured in Troubled Debt

The following table presents the amortized cost basis of loans at September 30, 2023 that were both experiencing financial difficulty and modified during the three months ended September 30, 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension		Total Class of Financing Receivable

Owner-occupied, nonfarm nonresidential properties	$	—	$	760	$	—	$	—	$	—	0.2	%






Non-owner occupied, nonfarm nonresidential properties	—		6,215		—		—		785		0.8









Total	$	—	$	6,975	$	—	$	—	$	785	0.2	%

The following table presents the amortized cost basis of loans at September 30, 2023 that were both experiencing financial difficulty and modified during the nine months ended September 30, 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension		Total Class of Financing Receivable

Owner-occupied, nonfarm nonresidential properties	$	—	$	6,010	$	—	$	—	$	—	1.2	%

Commercial and Industrial	—		7,870		554		333		113		1.2




Non-owner occupied, nonfarm nonresidential properties	—		6,215		—		—		785		0.8









Total	$	—	$	20,095	$	554	$	333	$	898	0.5	%

The following table presents the performance of such loans that have been modified during the three months ended September 30, 2023:


	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due

Owner-occupied, nonfarm nonresidential properties	$	64	$	—	$	—	$	696	$	696






Non-owner occupied, nonfarm nonresidential properties	785		—		—		6,215		6,215









Total	$	849	$	—	$	—	$	6,911	$	6,911

The following table presents the performance of such loans that have been modified during the nine months ended September 30, 2023:


	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due

Owner-occupied, nonfarm nonresidential properties	$	5,314	$	—	$	—	$	696	$	696

Commercial and Industrial	8,870		—		—		—		—




Non-owner occupied, nonfarm nonresidential properties	785		—		—		6,215		6,215









Total	$	14,969	$	—	$	—	$	6,911	$	6,911

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended September 30, 2023:


	Principal Forgiveness		Weighted Average Term Extension (in years)	Weighted Average Interest Rate Reduction








Non-owner occupied, nonfarm nonresidential properties	$	—	1.00	—	%









Total	$	—	1.00	—	%

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the nine months ended September 30, 2023:


	Principal Forgiveness		Weighted Average Term Extension (in years)	Weighted Average Interest Rate Reduction



Commercial and Industrial	$	—	1.00	0.5	%




Non-owner occupied, nonfarm nonresidential properties	—		1.00	—









Total	$	—	1.00	0.5	%

The following table presents the amortized cost basis of loans that had a payment default during the nine months ended September 30, 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension






Other construction loans and all land development and other land loans	$	—	$	1,549	$	—	$	—	$	—

Non-owner occupied, nonfarm nonresidential properties	—		—		1,523		—		—









Total	$	—	$	1,549	$	1,523	$	—	$	—

There was one loan modified as a TDR during the three months ended September 30, 2022:


	Three Months Ended September 30, 2022
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Type of Modification



Commercial and Industrial	1	$	96	$	96	Extend Amortization














Total	1	$	96	$	96

There were two loans modified as a TDR during the nine months ended September 30, 2022:


	Nine Months Ended September 30, 2022
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Type of Modification



Commercial and Industrial	1	$	96	$	96	Extend Amortization




Non-owner occupied, nonfarm nonresidential properties	1	1,784		1,784		Modify Rate and Extend Amortization









Total	2	$	1,880	$	1,880

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

Holiday’s loan portfolio, included in other consumer loans above, is summarized as follows at September 30, 2023 and December 31, 2022:


	September 30, 2023		December 31, 2022
Gross other consumer	$	30,812	$	31,821
Less: other consumer unearned discounts	(5,667)		(5,972)
Total other consumer loans, net of unearned discounts	$	25,145	$	25,849

Schedule of Credit Risk Profile by Risk Rating

The following tables represent the Corporation's commercial credit risk profile by risk rating. Loans receivable not rated as special mention, substandard, or doubtful are considered to be pass rated loans.


	September 30, 2023
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	31,683	$	182	$	929	$	—	$	1,111	$	32,794
Owner-occupied, nonfarm nonresidential properties	461,070		21,846		11,610		—		33,456		494,526
Agricultural production and other loans to farmers	1,118		—		—		—		—		1,118
Commercial and Industrial	683,830		30,924		14,597		1,191		46,712		730,542
Obligations (other than securities and leases) of states and political subdivisions	140,389		13,333		—		—		13,333		153,722
Other loans	43,082		—		—		—		—		43,082
Other construction loans and all land development and other land loans	455,011		5,307		1,613		—		6,920		461,931
Multifamily (5 or more) residential properties	267,632		—		800		—		800		268,432
Non-owner occupied, nonfarm nonresidential properties	882,563		1,487		24,470		—		25,957		908,520









Total	$	2,966,378	$	73,079	$	54,019	$	1,191	$	128,289	$	3,094,667


	December 31, 2022
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	29,706	$	1,450	$	1,012	$	—	$	2,462	$	32,168
Owner-occupied, nonfarm nonresidential properties	433,467		27,796		7,230		—		35,026		468,493
Agricultural production and other loans to farmers	1,198		—		—		—		—		1,198
Commercial and Industrial	765,821		14,740		10,037		1,313		26,090		791,911
Obligations (other than securities and leases) of states and political subdivisions	145,345		—		—		—		—		145,345
Other loans	24,710		—		—		—		—		24,710
Other construction loans and all land development and other land loans	443,300		1,296		2,089		—		3,385		446,685
Multifamily (5 or more) residential properties	256,120		510		1,066		—		1,576		257,696
Non-owner occupied, nonfarm nonresidential properties	772,450		2,791		20,074		—		22,865		795,315









Total	$	2,872,117	$	48,583	$	41,508	$	1,313	$	91,404	$	2,963,521

Schedule of Amortized Cost of Loans, by Year of Origination

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of September 30, 2023. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	3,088	$	11,601	$	7,321	$	1,474	$	831	$	6,928	$	440	$	—	$	31,683
Special mention	—		—		—		—		—		182		—		—		182
Substandard	—		—		306		—		—		623		—		—		929

Total	$	3,088	$	11,601	$	7,627	$	1,474	$	831	$	7,733	$	440	$	—	$	32,794
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	54,399	$	121,809	$	105,563	$	45,267	$	46,542	$	77,245	$	10,245	$	—	$	461,070
Special mention	—		3,108		1,191		13,620		412		334		3,181		—		21,846
Substandard	—		—		696		308		6,816		3,620		170		—		11,610

Total	$	54,399	$	124,917	$	107,450	$	59,195	$	53,770	$	81,199	$	13,596	$	—	$	494,526
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	26	$	—	$	—	$	26

Agricultural production and other loans to farmers
Risk rating
Pass	$	81	$	44	$	92	$	68	$	5	$	162	$	666	$	—	$	1,118
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	81	$	44	$	92	$	68	$	5	$	162	$	666	$	—	$	1,118
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	68,653	$	147,302	$	160,124	$	37,836	$	7,759	$	18,437	$	243,719	$	—	$	683,830
Special mention	—		7,584		3,180		6,310		58		20		13,772		—		30,924
Substandard	—		253		2,828		614		3,497		2,318		5,087		—		14,597
Doubtful(1)	—		—		1,191		—		—		—		—		—		1,191
Total	$	68,653	$	155,139	$	167,323	$	44,760	$	11,314	$	20,775	$	262,578	$	—	$	730,542
Current period gross write offs	$	50	$	—	$	—	$	—	$	—	$	—	$	76	$	—	$	126

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	23,561	$	16,969	$	32,123	$	12,556	$	4,276	$	46,460	$	4,444	$	—	$	140,389
Special mention	—		—		—		—		—		13,333		—		—		13,333
Substandard	—		—		—		—		—		—		—		—		—

Total	$	23,561	$	16,969	$	32,123	$	12,556	$	4,276	$	59,793	$	4,444	$	—	$	153,722
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	3,065	$	12,099	$	5,307	$	1,925	$	296	$	—	$	20,390	$	—	$	43,082
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	3,065	$	12,099	$	5,307	$	1,925	$	296	$	—	$	20,390	$	—	$	43,082
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

(1) Consists of one loan relationship originated in 2015 and modified in 2021. The modification met the requirements to disclose the loan relationship as a new loan during 2021.


	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	81,675	$	240,639	$	97,364	$	20,642	$	6,378	$	1,380	$	6,933	$	—	$	455,011
Special mention	—		5,307		—		—		—		—		—		—		5,307
Substandard	—		—		—		—		1,549		—		64		—		1,613

Total	$	81,675	$	245,946	$	97,364	$	20,642	$	7,927	$	1,380	$	6,997	$	—	$	461,931
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	40,505	$	96,888	$	44,058	$	44,901	$	11,167	$	29,164	$	949	$	—	$	267,632
Special mention	—		—		—		—		—		—		—		—		—
Substandard	305		—		—		—		—		495		—		—		800

Total	$	40,810	$	96,888	$	44,058	$	44,901	$	11,167	$	29,659	$	949	$	—	$	268,432
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	65	$	—	$	—	$	65

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	193,128	$	298,199	$	156,405	$	43,005	$	55,259	$	129,140	$	7,427	$	—	$	882,563
Special mention	—		351		—		—		—		700		436		—		1,487
Substandard	782		1,396		488		6,215		3,283		10,588		1,718		—		24,470

Total	$	193,910	$	299,946	$	156,893	$	49,220	$	58,542	$	140,428	$	9,581	$	—	$	908,520
Current period gross write offs	$	—	$	—	$	—	$	—	$	88	$	—	$	248	$	—	$	336

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2022. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	12,321	$	7,635	$	1,536	$	871	$	3,277	$	3,523	$	543	$	—	$	29,706
Special mention	—		—		—		—		—		1,450		—		—		1,450
Substandard	—		347		—		—		142		523		—		—		1,012

Total	$	12,321	$	7,982	$	1,536	$	871	$	3,419	$	5,496	$	543	$	—	$	32,168
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	116,701	$	113,575	$	50,226	$	55,040	$	25,327	$	60,810	$	11,788	$	—	$	433,467
Special mention	3,402		—		15,613		872		4,097		814		2,998		—		27,796
Substandard	—		—		355		1,864		862		4,149		—		—		7,230

Total	$	120,103	$	113,575	$	66,194	$	57,776	$	30,286	$	65,773	$	14,786	$	—	$	468,493
Agricultural production and other loans to farmers
Risk rating
Pass	$	105	$	140	$	80	$	42	$	179	$	—	$	652	$	—	$	1,198
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	105	$	140	$	80	$	42	$	179	$	—	$	652	$	—	$	1,198
Commercial and Industrial
Risk rating
Pass	$	195,955	$	213,433	$	51,695	$	16,730	$	9,051	$	19,116	$	259,841	$	—	$	765,821
Special mention	241		—		6,691		273		81		45		7,409		—		14,740
Substandard	299		1,809		689		379		324		913		5,624		—		10,037
Doubtful(1)	—		1,313		—		—		—		—		—		—		1,313
Total	$	196,495	$	216,555	$	59,075	$	17,382	$	9,456	$	20,074	$	272,874	$	—	$	791,911
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	20,840	$	37,527	$	13,868	$	4,584	$	13,518	$	50,050	$	4,958	$	—	$	145,345
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	20,840	$	37,527	$	13,868	$	4,584	$	13,518	$	50,050	$	4,958	$	—	$	145,345
Other loans
Risk rating
Pass	$	14,248	$	5,358	$	2,278	$	363	$	—	$	—	$	2,463	$	—	$	24,710
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	14,248	$	5,358	$	2,278	$	363	$	—	$	—	$	2,463	$	—	$	24,710

(1) Consists of one loan relationship originated in 2015 and modified in 2021. The modification met the requirements to disclose the loan relationship as a new loan during 2021.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	272,118	$	86,894	$	56,782	$	6,918	$	8,644	$	916	$	11,028	$	—	$	443,300
Special mention	1,296		—		—		—		—		—		—		—		1,296
Substandard	—		2,023		—		—		—		—		66		—		2,089

Total	$	273,414	$	88,917	$	56,782	$	6,918	$	8,644	$	916	$	11,094	$	—	$	446,685
Multifamily (5 or more) residential properties
Risk rating
Pass	$	114,454	$	49,794	$	46,784	$	11,854	$	6,764	$	23,841	$	2,629	$	—	$	256,120
Special mention	—		—		—		—		—		510		—		—		510
Substandard	643		—		—		—		333		90		—		—		1,066

Total	$	115,097	$	49,794	$	46,784	$	11,854	$	7,097	$	24,441	$	2,629	$	—	$	257,696
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	339,151	$	153,613	$	51,709	$	66,592	$	45,211	$	107,988	$	8,186	$	—	$	772,450
Special mention	—		488		—		273		498		1,068		464		—		2,791
Substandard	2,227		800		—		4,090		1,314		9,587		2,056		—		20,074

Total	$	341,378	$	154,901	$	51,709	$	70,955	$	47,023	$	118,643	$	10,706	$	—	$	795,315

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of September 30, 2023. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	18,085	$	23,345	$	10,499	$	1,209	$	705	$	59	$	798	$	—	$	54,700
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	18,085	$	23,345	$	10,499	$	1,209	$	705	$	59	$	798	$	—	$	54,700
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	15,085	$	34,068	$	12,757	$	9,826	$	7,537	$	33,347	$	7,025	$	4,759	$	124,404
Nonperforming	—		—		—		—		—		14		—		552		566
Total	$	15,085	$	34,068	$	12,757	$	9,826	$	7,537	$	33,361	$	7,025	$	5,311	$	124,970
Current period gross write offs	$	—	$	—	$	—	$	—	$	10	$	—	$	—	$	—	$	10

Residential mortgages secured by first lien
Payment performance
Performing	$	117,554	$	227,592	$	206,943	$	148,130	$	81,920	$	202,405	$	3,167	$	—	$	987,711
Nonperforming	86		41		1,042		230		536		2,723		193		—		4,851
Total	$	117,640	$	227,633	$	207,985	$	148,360	$	82,456	$	205,128	$	3,360	$	—	$	992,562
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	22	$	—	$	—	$	22

Residential mortgages secured by junior liens
Payment performance
Performing	$	26,611	$	27,835	$	14,604	$	7,409	$	4,039	$	9,394	$	1,230	$	—	$	91,122
Nonperforming	—		39		—		—		—		46		43		—		128
Total	$	26,611	$	27,874	$	14,604	$	7,409	$	4,039	$	9,440	$	1,273	$	—	$	91,250
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	8,991	$	7,826	$	2,771	$	11,352	$	1,645	$	11,859	$	—	$	—	$	44,444
Nonperforming	—		—		—		—		5		27		—		—		32
Total	$	8,991	$	7,826	$	2,771	$	11,352	$	1,650	$	11,886	$	—	$	—	$	44,476
Current period gross write offs	$	—	$	—	$	50	$	4	$	11	$	33	$	—	$	—	$	98

Automobile
Payment performance
Performing	$	11,413	$	7,654	$	3,009	$	1,783	$	1,273	$	923	$	—	$	—	$	26,055
Nonperforming	—		7		—		7		8		—		—		—		22
Total	$	11,413	$	7,661	$	3,009	$	1,790	$	1,281	$	923	$	—	$	—	$	26,077
Current period gross write offs	$	—	$	18	$	—	$	8	$	7	$	—	$	—	$	—	$	33

Other consumer
Payment performance
Performing	$	20,983	$	15,172	$	6,925	$	3,472	$	1,584	$	1,608	$	—	$	—	$	49,744
Nonperforming	200		400		85		12		23		43		—		—		763
Total	$	21,183	$	15,572	$	7,010	$	3,484	$	1,607	$	1,651	$	—	$	—	$	50,507
Current period gross write offs	$	37	$	874	$	372	$	86	$	24	$	12	$	—	$	—	$	1,405

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2022. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	30,451	$	16,360	$	2,577	$	752	$	62	$	—	$	969	$	—	$	51,171
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	30,451	$	16,360	$	2,577	$	752	$	62	$	—	$	969	$	—	$	51,171
Home equity lines of credit
Payment performance
Performing	$	34,738	$	13,654	$	12,903	$	8,587	$	7,924	$	38,127	$	8,484	$	—	$	124,417
Nonperforming	—		—		—		10		—		465		—		—		475
Total	$	34,738	$	13,654	$	12,903	$	8,597	$	7,924	$	38,592	$	8,484	$	—	$	124,892
Residential mortgages secured by first lien
Payment performance
Performing	$	229,842	$	222,522	$	159,651	$	91,238	$	49,587	$	181,939	$	3,375	$	—	$	938,154
Nonperforming	—		771		273		581		416		2,150		186		—		4,377
Total	$	229,842	$	223,293	$	159,924	$	91,819	$	50,003	$	184,089	$	3,561	$	—	$	942,531
Residential mortgages secured by junior liens
Payment performance
Performing	$	31,837	$	17,163	$	8,326	$	4,956	$	3,073	$	8,395	$	797	$	—	$	74,547
Nonperforming	—		—		—		—		—		47		44		—		91
Total	$	31,837	$	17,163	$	8,326	$	4,956	$	3,073	$	8,442	$	841	$	—	$	74,638
Other revolving credit plans
Payment performance
Performing	$	10,778	$	2,820	$	7,911	$	2,264	$	2,265	$	10,308	$	—	$	—	$	36,346
Nonperforming	—		—		—		4		14		8		—		—		26
Total	$	10,778	$	2,820	$	7,911	$	2,268	$	2,279	$	10,316	$	—	$	—	$	36,372
Automobile
Payment performance
Performing	$	10,146	$	4,637	$	2,945	$	2,349	$	1,117	$	593	$	—	$	—	$	21,787
Nonperforming	—		—		10		7		2		—		—		—		19
Total	$	10,146	$	4,637	$	2,955	$	2,356	$	1,119	$	593	$	—	$	—	$	21,806
Other consumer
Payment performance
Performing	$	26,699	$	12,120	$	5,333	$	2,176	$	776	$	1,259	$	—	$	—	$	48,363
Nonperforming	403		220		85		22		6		45		—		—		781
Total	$	27,102	$	12,340	$	5,418	$	2,198	$	782	$	1,304	$	—	$	—	$	49,144


	September 30, 2023		December 31, 2022

Credit card
Payment performance
Performing	$	12,541	$	10,817
Nonperforming	97		8
Total	$	12,638	$	10,825
Current period gross write offs	$	103

Schedule of Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity

The Corporation considers the performance of the loan portfolio and its impact on the allowance for credit losses. For 1-4 family construction, home equity lines of credit, residential mortgages secured by first liens, residential mortgages secured by junior liens, automobile, credit cards, other revolving credit plans and other consumer segments, the Corporation evaluates credit quality based on the performance status of the loan, which was previously presented, and by payment activity. Nonperforming loans include loans receivable on nonaccrual status and loans receivable past due over 89 days and still accruing interest.


	September 30, 2023						December 31, 2022
	Performing		Nonperforming		Total		Performing		Nonperforming		Total









1-4 Family Construction	$	54,700	$	—	$	54,700	$	51,171	$	—	$	51,171
Home equity lines of credit	124,404		566		124,970		124,417		475		124,892
Residential Mortgages secured by first liens	987,711		4,851		992,562		938,154		4,377		942,531
Residential Mortgages secured by junior liens	91,122		128		91,250		74,547		91		74,638
Other revolving credit plans	44,444		32		44,476		36,346		26		36,372
Automobile	26,055		22		26,077		21,787		19		21,806
Other consumer	49,744		763		50,507		48,363		781		49,144


Total	$	1,378,180	$	6,362	$	1,384,542	$	1,294,785	$	5,769	$	1,300,554