XML 39 R28.htm IDEA: XBRL DOCUMENT

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2024

Total net loans receivable at March 31, 2024 and December 31, 2023 are summarized as follows:


	March 31, 2024		Percentage of Total		December 31, 2023		Percentage of Total
Farmland	$	31,145	0.7	%	$	31,869	0.7	%
Owner-occupied, nonfarm nonresidential properties	511,219		11.5		493,064		11.0
Agricultural production and other loans to farmers	1,759		—		1,652		—
Commercial and Industrial	658,791		14.9		726,442		16.3
Obligations (other than securities and leases) of states and political subdivisions	151,139		3.4		152,201		3.4
Other loans	25,129		0.6		25,507		0.6
Other construction loans and all land development and other land loans	532,730		12.0		491,539		11.0
Multifamily (5 or more) residential properties	248,123		5.6		254,342		5.7
Non-owner occupied, nonfarm nonresidential properties	887,336		20.0		896,043		20.1
1-4 Family Construction	42,919		1.0		51,207		1.1
Home equity lines of credit	133,290		3.0		130,700		2.9
Residential Mortgages secured by first liens	989,544		22.3		990,986		22.2
Residential Mortgages secured by junior liens	92,614		2.1		91,063		2.0
Other revolving credit plans	38,318		0.9		42,877		1.0
Automobile	23,436		0.5		25,315		0.6
Other consumer	50,968		1.2		51,592		1.1
Credit cards	12,683		0.3		11,785		0.3
Overdrafts	255		—		292		—
Total loans receivable	$	4,431,398	100.0	%	$	4,468,476	100.0	%
Less: Allowance for credit losses	(45,832)				(45,832)
Loans receivable, net	$	4,385,566			$	4,422,644

Net deferred loan origination fees included in the above table	$	1,984			$	2,448

Schedule of Allowance for Loan Losses

Transactions in the allowance for credit losses for the three months ended March 31, 2024 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	126	$	—	$	—	$	9	$	135
Owner-occupied, nonfarm nonresidential properties	3,949		(596)		9		1,111		4,473
Agricultural production and other loans to farmers	7		—		—		1		8
Commercial and Industrial	9,433		(71)		29		(418)		8,973
Obligations (other than securities and leases) of states and political subdivisions	2,613		—		—		(76)		2,537
Other loans	387		—		—		(9)		378
Other construction loans and all land development and other land loans	4,033		—		—		222		4,255
Multifamily (5 or more) residential properties	1,030		—		—		37		1,067
Non-owner occupied, nonfarm nonresidential properties	9,170		—		—		(385)		8,785
1-4 Family Construction	356		—		—		(53)		303
Home equity lines of credit	831		—		1		65		897
Residential Mortgages secured by first liens	8,050		(64)		—		382		8,368
Residential Mortgages secured by junior liens	1,476		—		—		(45)		1,431
Other revolving credit plans	973		(15)		3		(107)		854
Automobile	358		(10)		3		(47)		304
Other consumer	2,653		(517)		27		548		2,711
Credit cards	95		(29)		5		27		98
Overdrafts	292		(144)		25		82		255
Total loans	$	45,832	$	(1,446)	$	102	$	1,344	$	45,832

(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," to 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 three months ended March 31, 2023 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	159	$	—	$	—	$	(30)	$	129
Owner-occupied, nonfarm nonresidential properties	2,905		(26)		8		(341)		2,546
Agricultural production and other loans to farmers	6		—		—		(3)		3
Commercial and Industrial	9,766		(46)		145		(922)		8,943
Obligations (other than securities and leases) of states and political subdivisions	1,863		—		—		(15)		1,848
Other loans	456		—		—		138		594
Other construction loans and all land development and other land loans	3,253		—		—		141		3,394
Multifamily (5 or more) residential properties	2,353		(65)		—		247		2,535
Non-owner occupied, nonfarm nonresidential properties	7,653		—		—		606		8,259
1-4 Family Construction	327		—		—		71		398
Home equity lines of credit	1,173		—		1		(16)		1,158
Residential Mortgages secured by first liens	8,484		(7)		—		374		8,851
Residential Mortgages secured by junior liens	1,035		—		—		240		1,275
Other revolving credit plans	722		(22)		5		125		830
Automobile	271		(5)		—		64		330
Other consumer	2,665		(540)		43		393		2,561
Credit cards	67		(62)		1		67		73
Overdrafts	278		(160)		44		92		254
Total loans	$	43,436	$	(933)	$	247	$	1,231	$	43,981

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

The following tables present the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of March 31, 2024 and December 31, 2023, respectively:


	March 31, 2024
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	734	$	734	$	—
Owner-occupied, nonfarm nonresidential properties	2,058		1,358		—

Commercial and Industrial	7,186		4,382		—


Other construction loans and all land development and other land loans	1,606		101		—
Multifamily (5 or more) residential properties	300		300		—
Non-owner occupied, nonfarm nonresidential properties	9,068		6,716		—

Home equity lines of credit	1,124		1,124		—
Residential Mortgages secured by first liens	5,551		5,152		—
Residential Mortgages secured by junior liens	236		236		—
Other revolving credit plans	127		127		—
Automobile	73		73		—
Other consumer	688		688		—
Credit cards	—		—		49

Total	$	28,751	$	20,991	$	49


	December 31, 2023
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	1,083	$	1,083	$	—
Owner-occupied, nonfarm nonresidential properties	2,673		1,488		—

Commercial and Industrial	7,512		4,389		—


Other construction loans and all land development and other land loans	1,653		104		—
Multifamily (5 or more) residential properties	305		305		—
Non-owner occupied, nonfarm nonresidential properties	9,076		6,716		—

Home equity lines of credit	940		940		—
Residential Mortgages secured by first liens	5,316		4,902		23
Residential Mortgages secured by junior liens	123		123		—
Other revolving credit plans	81		81		—
Automobile	79		79		—
Other consumer	798		798		—
Credit cards	—		—		32

Total	$	29,639	$	21,008	$	55

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 March 31, 2024:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	430	$	—
Owner-occupied, nonfarm nonresidential properties	5,376		4

Commercial and Industrial	—		7,668


Other construction loans and all land development and other land loans	1,505		—
Multifamily (5 or more) residential properties	300		—
Non-owner occupied, nonfarm nonresidential properties	8,283		—

Home equity lines of credit	302		—
Residential Mortgages secured by first liens	1,050		—






Total	$	17,246	$	7,672

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, 2023:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	736	$	—
Owner-occupied, nonfarm nonresidential properties	6,890		4

Commercial and Industrial	5,489		4,291


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	8,291		—

Home equity lines of credit	308		—
Residential Mortgages secured by first liens	1,070		—






Total	$	24,638	$	4,295

The following table presents the aging of the amortized cost basis in past-due loans receivable as of March 31, 2024 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	$	—	$	178	$	—	$	178	$	30,967	$	31,145
Owner-occupied, nonfarm nonresidential properties	746		4,568		803		6,117		505,102		511,219
Agricultural production and other loans to farmers	—		—		—		—		1,759		1,759
Commercial and Industrial	1,550		469		152		2,171		656,620		658,791
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		151,139		151,139
Other loans	—		—		—		—		25,129		25,129
Other construction loans and all land development and other land loans	—		—		1,567		1,567		531,163		532,730
Multifamily (5 or more) residential properties	—		241		300		541		247,582		248,123
Non-owner occupied, nonfarm nonresidential properties	—		—		2,031		2,031		885,305		887,336
1-4 Family Construction	—		—		—		—		42,919		42,919
Home equity lines of credit	484		—		360		844		132,446		133,290
Residential Mortgages secured by first liens	1,236		1,208		1,706		4,150		985,394		989,544
Residential Mortgages secured by junior liens	—		19		144		163		92,451		92,614
Other revolving credit plans	29		—		65		94		38,224		38,318
Automobile	19		54		66		139		23,297		23,436
Other consumer	414		208		365		987		49,981		50,968
Credit cards	129		7		49		185		12,498		12,683
Overdrafts	—		—		—		—		255		255
Total	$	4,607	$	6,952	$	7,608	$	19,167	$	4,412,231	$	4,431,398

The following table presents the aging of the amortized cost basis in past-due loans receivable as of December 31, 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	$	31,558	$	31,869
Owner-occupied, nonfarm nonresidential properties	120		—		1,390		1,510		491,554		493,064
Agricultural production and other loans to farmers	—		—		—		—		1,652		1,652
Commercial and Industrial	64		379		314		757		725,685		726,442
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		152,201		152,201
Other loans	—		—		—		—		25,507		25,507
Other construction loans and all land development and other land loans	—		41		1,612		1,653		489,886		491,539
Multifamily (5 or more) residential properties	—		—		305		305		254,037		254,342
Non-owner occupied, nonfarm nonresidential properties	95		299		2,031		2,425		893,618		896,043
1-4 Family Construction	—		—		—		—		51,207		51,207
Home equity lines of credit	582		682		339		1,603		129,097		130,700
Residential Mortgages secured by first liens	2,360		1,094		1,651		5,105		985,881		990,986
Residential Mortgages secured by junior liens	21		38		60		119		90,944		91,063
Other revolving credit plans	114		41		14		169		42,708		42,877
Automobile	62		5		67		134		25,181		25,315
Other consumer	452		453		354		1,259		50,333		51,592
Credit cards	110		17		32		159		11,626		11,785
Overdrafts	—		—		—		—		292		292
Total	$	3,980	$	3,231	$	8,298	$	15,509	$	4,452,967	$	4,468,476

Schedule of Restructured in Troubled Debt

The following table presents the amortized cost basis of loans at March 31, 2024 that were both experiencing financial difficulty and modified during the three months ended March 31, 2024, 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	$	—	$	288	$	—	$	—	$	—	0.1	%

Commercial and Industrial	—		—		505		—		—		0.1














Total	$	—	$	288	$	505	$	—	$	—	—	%

The following table presents the amortized cost basis of loans at March 31, 2023 that were both experiencing financial difficulty and modified during the three months ended March 31, 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	$	—	$	98	$	—	$	—	$	—	—	%

Commercial and Industrial	—		2,573		612		371		122		0.5


Other construction loans and all land development and other land loans	—		1,538		—		—		—		0.4

Non-owner occupied, nonfarm nonresidential properties	—		—		1,562		—		—		0.2









Total	$	—	$	4,209	$	2,174	$	371	$	122	0.2	%

The following table presents the performance of such loans that have been modified during the twelve months ended March 31, 2024:


	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	$	696	$	288	$	—	$	—	$	288

Commercial and Industrial	3,705		321		—		—		321




Non-owner occupied, nonfarm nonresidential properties	6,696		—		—		—		—


Residential Mortgages secured by first liens	399		—		—		—		—
Residential Mortgages secured by junior liens	29		—		—		—		—





Total	$	11,525	$	609	$	—	$	—	$	609

The following table presents the performance of such loans that have been modified during the three months ended March 31, 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	$	—	$	98	$	—	$	—	$	98

Commercial and Industrial	3,678		—		—		—		—


Other construction loans and all land development and other land loans	—		—		1,538		—		1,538

Non-owner occupied, nonfarm nonresidential properties	1,562		—		—		—		—









Total	$	5,240	$	98	$	1,538	$	—	$	1,636

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2024:


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



Commercial and Industrial	$	—	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 three months ended March 31, 2023:


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



Commercial and Industrial	$	—	0.97	0.5	%




Non-owner occupied, nonfarm nonresidential properties	—		0.50	—	%









Total	$	—	0.65	—	%

The following table presents the amortized cost basis of loans that had a payment default during the three months ended March 31, 2024 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

Owner-occupied, nonfarm nonresidential properties	$	—	$	308	$	—	$	—	$	—

Commercial and Industrial	—		—		—		301		—














Total	$	—	$	308	$	—	$	301	$	—

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.


	March 31, 2024
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	30,411	$	—	$	734	$	—	$	734	$	31,145
Owner-occupied, nonfarm nonresidential properties	485,535		1,936		23,748		—		25,684		511,219
Agricultural production and other loans to farmers	1,759		—		—		—		—		1,759
Commercial and Industrial	613,059		3,470		42,262		—		45,732		658,791
Obligations (other than securities and leases) of states and political subdivisions	138,098		—		13,041		—		13,041		151,139
Other loans	25,129		—		—		—		—		25,129
Other construction loans and all land development and other land loans	531,163		—		1,567		—		1,567		532,730
Multifamily (5 or more) residential properties	243,224		—		4,899		—		4,899		248,123
Non-owner occupied, nonfarm nonresidential properties	868,710		2,965		15,661		—		18,626		887,336









Total	$	2,937,088	$	8,371	$	101,912	$	—	$	110,283	$	3,047,371


	December 31, 2023
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	30,786	$	—	$	1,083	$	—	$	1,083	$	31,869
Owner-occupied, nonfarm nonresidential properties	461,554		20,177		11,333		—		31,510		493,064
Agricultural production and other loans to farmers	1,652		—		—		—		—		1,652
Commercial and Industrial	653,981		52,030		20,431		—		72,461		726,442
Obligations (other than securities and leases) of states and political subdivisions	139,014		13,187		—		—		13,187		152,201
Other loans	25,507		—		—		—		—		25,507
Other construction loans and all land development and other land loans	484,620		5,307		1,612		—		6,919		491,539
Multifamily (5 or more) residential properties	252,199		1,346		797		—		2,143		254,342
Non-owner occupied, nonfarm nonresidential properties	869,264		3,008		23,771		—		26,779		896,043









Total	$	2,918,577	$	95,055	$	59,027	$	—	$	154,082	$	3,072,659

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 March 31, 2024. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	100	$	3,178	$	11,134	$	6,753	$	1,459	$	7,396	$	391	$	—	$	30,411
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		734		—		—		734

Total	$	100	$	3,178	$	11,134	$	6,753	$	1,459	$	8,130	$	391	$	—	$	31,145
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	29,488	$	63,525	$	114,581	$	102,559	$	43,393	$	115,634	$	16,355	$	—	$	485,535
Special mention	—		312		243		266		—		599		516		—		1,936
Substandard	86		846		4,856		696		13,902		3,200		162		—		23,748

Total	$	29,574	$	64,683	$	119,680	$	103,521	$	57,295	$	119,433	$	17,033	$	—	$	511,219
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	596	$	—	$	—	$	596

Agricultural production and other loans to farmers
Risk rating
Pass	$	—	$	658	$	32	$	84	$	56	$	162	$	767	$	—	$	1,759
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	—	$	658	$	32	$	84	$	56	$	162	$	767	$	—	$	1,759
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	26,414	$	65,309	$	140,056	$	109,566	$	30,645	$	18,931	$	222,138	$	—	$	613,059
Special mention	—		41		802		12		60		142		2,413		—		3,470
Substandard	321		1,825		404		4,300		59		3,051		32,302		—		42,262

Total	$	26,735	$	67,175	$	141,262	$	113,878	$	30,764	$	22,124	$	256,853	$	—	$	658,791
Current period gross write offs	$	—	$	—	$	50	$	—	$	—	$	21	$	—	$	—	$	71

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	—	$	25,672	$	16,565	$	31,451	$	11,917	$	49,094	$	3,399	$	—	$	138,098
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		13,041		—		—		13,041

Total	$	—	$	25,672	$	16,565	$	31,451	$	11,917	$	62,135	$	3,399	$	—	$	151,139
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	431	$	3,396	$	12,201	$	4,950	$	1,692	$	281	$	2,178	$	—	$	25,129
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	431	$	3,396	$	12,201	$	4,950	$	1,692	$	281	$	2,178	$	—	$	25,129
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		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	$	19,659	$	131,605	$	284,697	$	70,597	$	10,266	$	7,089	$	7,250	$	—	$	531,163
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,505		62		—		1,567

Total	$	19,659	$	131,605	$	284,697	$	70,597	$	10,266	$	8,594	$	7,312	$	—	$	532,730
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	573	$	37,297	$	90,986	$	62,477	$	21,574	$	29,817	$	500	$	—	$	243,224
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		2,140		—		—		2,759		—		—		—		4,899

Total	$	573	$	39,437	$	90,986	$	62,477	$	24,333	$	29,817	$	500	$	—	$	248,123
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	9,141	$	198,263	$	295,587	$	149,332	$	38,517	$	171,997	$	5,873	$	—	$	868,710
Special mention	—		—		—		—		1,859		676		430		—		2,965
Substandard	—		774		1,126		488		5,911		5,666		1,696		—		15,661

Total	$	9,141	$	199,037	$	296,713	$	149,820	$	46,287	$	178,339	$	7,999	$	—	$	887,336
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

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, 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	$	3,153	$	11,393	$	6,845	$	1,465	$	815	$	6,813	$	302	$	—	$	30,786
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		306		—		—		777		—		—		1,083

Total	$	3,153	$	11,393	$	7,151	$	1,465	$	815	$	7,590	$	302	$	—	$	31,869
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	62,529	$	121,722	$	103,698	$	44,286	$	45,749	$	73,649	$	9,921	$	—	$	461,554
Special mention	320		1,304		1,180		13,623		407		210		3,133		—		20,177
Substandard	848		—		696		292		6,738		2,593		166		—		11,333

Total	$	63,697	$	123,026	$	105,574	$	58,201	$	52,894	$	76,452	$	13,220	$	—	$	493,064
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	26	$	—	$	—	$	26

Agricultural production and other loans to farmers
Risk rating
Pass	$	703	$	34	$	89	$	60	$	5	$	159	$	602	$	—	$	1,652
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	703	$	34	$	89	$	60	$	5	$	159	$	602	$	—	$	1,652
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	78,325	$	140,178	$	141,439	$	33,475	$	6,662	$	14,709	$	239,193	$	—	$	653,981
Special mention	7,718		7,803		2,795		65		139		21		33,489		—		52,030
Substandard	—		385		4,281		396		3,476		1,655		10,238		—		20,431

Total	$	86,043	$	148,366	$	148,515	$	33,936	$	10,277	$	16,385	$	282,920	$	—	$	726,442
Current period gross write offs	$	50	$	—	$	—	$	191	$	—	$	—	$	151	$	—	$	392

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	24,964	$	16,791	$	31,768	$	12,399	$	4,190	$	45,331	$	3,571	$	—	$	139,014
Special mention	—		—		—		—		—		13,187		—		—		13,187
Substandard	—		—		—		—		—		—		—		—		—

Total	$	24,964	$	16,791	$	31,768	$	12,399	$	4,190	$	58,518	$	3,571	$	—	$	152,201
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	3,649	$	12,211	$	5,289	$	1,809	$	288	$	—	$	2,261	$	—	$	25,507
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	3,649	$	12,211	$	5,289	$	1,809	$	288	$	—	$	2,261	$	—	$	25,507
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	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	$	111,843	$	269,531	$	69,470	$	19,028	$	6,086	$	1,262	$	7,400	$	—	$	484,620
Special mention	—		5,307		—		—		—		—		—		—		5,307
Substandard	—		—		—		—		1,549		—		63		—		1,612

Total	$	111,843	$	274,838	$	69,470	$	19,028	$	7,635	$	1,262	$	7,463	$	—	$	491,539
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	37,366	$	95,635	$	63,203	$	24,527	$	10,928	$	19,786	$	754	$	—	$	252,199
Special mention	1,346		—		—		—		—		—		—		—		1,346
Substandard	797		—		—		—		—		—		—		—		797

Total	$	39,509	$	95,635	$	63,203	$	24,527	$	10,928	$	19,786	$	754	$	—	$	254,342
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	65	$	—	$	—	$	65

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	192,826	$	297,394	$	151,365	$	39,585	$	54,388	$	125,532	$	8,174	$	—	$	869,264
Special mention	—		—		—		1,887		—		688		433		—		3,008
Substandard	778		1,134		488		5,911		3,266		10,484		1,710		—		23,771

Total	$	193,604	$	298,528	$	151,853	$	47,383	$	57,654	$	136,704	$	10,317	$	—	$	896,043
Current period gross write offs	$	—	$	358	$	—	$	—	$	88	$	—	$	248	$	—	$	694

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 March 31, 2024. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	736	$	19,157	$	12,475	$	10,031	$	—	$	520	$	—	$	—	$	42,919
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	736	$	19,157	$	12,475	$	10,031	$	—	$	520	$	—	$	—	$	42,919
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	7,487	$	28,498	$	30,033	$	10,769	$	8,399	$	34,892	$	6,853	$	5,235	$	132,166
Nonperforming	—		—		—		—		—		13		—		1,111		1,124
Total	$	7,487	$	28,498	$	30,033	$	10,769	$	8,399	$	34,905	$	6,853	$	6,346	$	133,290
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential mortgages secured by first lien
Payment performance
Performing	$	13,262	$	139,680	$	229,664	$	196,357	$	141,256	$	260,957	$	2,817	$	—	$	983,993
Nonperforming	—		478		450		882		604		3,100		37		—		5,551
Total	$	13,262	$	140,158	$	230,114	$	197,239	$	141,860	$	264,057	$	2,854	$	—	$	989,544
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	64	$	—	$	—	$	64

Residential mortgages secured by junior liens
Payment performance
Performing	$	5,304	$	27,446	$	26,004	$	13,585	$	6,867	$	11,921	$	1,251	$	—	$	92,378
Nonperforming	—		19		137		—		—		37		43		—		236
Total	$	5,304	$	27,465	$	26,141	$	13,585	$	6,867	$	11,958	$	1,294	$	—	$	92,614
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	1,170	$	9,889	$	7,737	$	2,323	$	5,280	$	11,792	$	—	$	—	$	38,191
Nonperforming	—		—		28		39		—		60		—		—		127
Total	$	1,170	$	9,889	$	7,765	$	2,362	$	5,280	$	11,852	$	—	$	—	$	38,318
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	15	$	—	$	—	$	15

Automobile
Payment performance
Performing	$	1,123	$	11,474	$	6,056	$	2,073	$	1,182	$	1,455	$	—	$	—	$	23,363
Nonperforming	—		—		49		4		16		4		—		—		73
Total	$	1,123	$	11,474	$	6,105	$	2,077	$	1,198	$	1,459	$	—	$	—	$	23,436
Current period gross write offs	$	—	$	7	$	—	$	3	$	—	$	—	$	—	$	—	$	10

Other consumer
Payment performance
Performing	$	7,086	$	23,040	$	10,206	$	4,319	$	2,845	$	2,784	$	—	$	—	$	50,280
Nonperforming	—		343		195		83		10		57		—		—		688
Total	$	7,086	$	23,383	$	10,401	$	4,402	$	2,855	$	2,841	$	—	$	—	$	50,968
Current period gross write offs	$	—	$	254	$	205	$	49	$	4	$	5	$	—	$	—	$	517

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, 2023. The current period originations may include modifications, extensions and renewals.


	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	$	23,465	$	14,915	$	10,079	$	1,206	$	685	$	58	$	799	$	—	$	51,207
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	23,465	$	14,915	$	10,079	$	1,206	$	685	$	58	$	799	$	—	$	51,207
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	27,110	$	32,027	$	11,437	$	9,844	$	6,781	$	30,467	$	7,479	$	4,615	$	129,760
Nonperforming	—		—		—		—		—		14		—		926		940
Total	$	27,110	$	32,027	$	11,437	$	9,844	$	6,781	$	30,481	$	7,479	$	5,541	$	130,700
Current period gross write offs	$	—	$	—	$	—	$	—	$	10	$	—	$	—	$	—	$	10

Residential mortgages secured by first lien
Payment performance
Performing	$	134,522	$	233,346	$	199,997	$	143,318	$	77,293	$	194,010	$	3,161	$	—	$	985,647
Nonperforming	497		174		787		615		492		2,736		38		—		5,339
Total	$	135,019	$	233,520	$	200,784	$	143,933	$	77,785	$	196,746	$	3,199	$	—	$	990,986
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	22	$	95	$	—	$	117

Residential mortgages secured by junior liens
Payment performance
Performing	$	28,685	$	27,032	$	14,027	$	7,102	$	3,888	$	8,833	$	1,373	$	—	$	90,940
Nonperforming	—		38		—		—		—		42		43		—		123
Total	$	28,685	$	27,070	$	14,027	$	7,102	$	3,888	$	8,875	$	1,416	$	—	$	91,063
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	8,684	$	8,027	$	2,732	$	11,274	$	1,634	$	10,445	$	—	$	—	$	42,796
Nonperforming	—		29		5		—		—		47		—		—		81
Total	$	8,684	$	8,056	$	2,737	$	11,274	$	1,634	$	10,492	$	—	$	—	$	42,877
Current period gross write offs	$	—	$	—	$	50	$	4	$	16	$	49	$	—	$	—	$	119

Automobile
Payment performance
Performing	$	12,545	$	6,800	$	2,597	$	1,472	$	1,025	$	797	$	—	$	—	$	25,236
Nonperforming	16		51		—		7		5		—		—		—		79
Total	$	12,561	$	6,851	$	2,597	$	1,479	$	1,030	$	797	$	—	$	—	$	25,315
Current period gross write offs	$	18	$	23	$	—	$	8	$	7	$	—	$	—	$	—	$	56

Other consumer
Payment performance
Performing	$	27,202	$	12,261	$	5,255	$	3,107	$	1,471	$	1,498	$	—	$	—	$	50,794
Nonperforming	283		330		116		12		6		51		—		—		798
Total	$	27,485	$	12,591	$	5,371	$	3,119	$	1,477	$	1,549	$	—	$	—	$	51,592
Current period gross write offs	$	210	$	1,164	$	467	$	96	$	33	$	12	$	—	$	—	$	1,982


	March 31, 2024		December 31, 2023

Credit card
Payment performance
Performing	$	12,634	$	11,753
Nonperforming	49		32
Total	$	12,683	$	11,785
Current period gross write offs	$	29	$	189

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.


	March 31, 2024						December 31, 2023
	Performing		Nonperforming		Total		Performing		Nonperforming		Total









1-4 Family Construction	$	42,919	$	—	$	42,919	$	51,207	$	—	$	51,207
Home equity lines of credit	132,166		1,124		133,290		129,760		940		130,700
Residential Mortgages secured by first liens	983,993		5,551		989,544		985,647		5,339		990,986
Residential Mortgages secured by junior liens	92,378		236		92,614		90,940		123		91,063
Other revolving credit plans	38,191		127		38,318		42,796		81		42,877
Automobile	23,363		73		23,436		25,236		79		25,315
Other consumer	50,280		688		50,968		50,794		798		51,592


Total	$	1,363,290	$	7,799	$	1,371,089	$	1,376,380	$	7,360	$	1,383,740

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 March 31, 2024 and December 31, 2023:


	March 31, 2024		December 31, 2023
Gross other consumer	$	28,962	$	31,242
Less: other consumer unearned discounts	(5,086)		(5,696)
Total other consumer loans, net of unearned discounts	$	23,876	$	25,546