LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)
|
6 Months Ended |
Jun. 30, 2024 |
|---|
| Receivables [Abstract] |
|
| Summary of loans |
Major categories of loans are summarized as follows: | | | | | | | | | | | | | (dollars in thousands) | June 30, 2024 | | December 31, 2023 | | | | | | Commercial and industrial | $ | 400,276 | | | $ | 427,800 | | | Commercial real estate - owner occupied | 289,992 | | | 295,842 | | | Commercial real estate - non-owner occupied | 889,193 | | | 880,681 | | | Construction and land development | 365,371 | | | 363,983 | | | Multi-family | 429,951 | | | 417,923 | | | One-to-four family residential | 484,335 | | | 491,508 | | | Agricultural and farmland | 285,822 | | | 287,294 | | | Municipal, consumer, and other | 240,543 | | | 239,386 | | | Loans, before allowance for credit losses | 3,385,483 | | | 3,404,417 | | | Allowance for credit losses | (40,806) | | | (40,048) | | | Loans, net of allowance for credit losses | $ | 3,344,677 | | | $ | 3,364,369 | |
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| Schedule of activity in allowance for loan losses |
The following tables detail activity in the allowance for credit losses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | (dollars in thousands) | Commercial
and
Industrial | | Commercial
Real Estate
Owner
Occupied | | Commercial
Real Estate
Non-owner
Occupied | | Construction
and Land
Development | | Multi-Family | | One-to-four
Family
Residential | | Agricultural
and
Farmland | | Municipal,
Consumer,
and
Other | | Total | | | | | | | | | | | | | | | | | | | | Beginning balance | $ | 5,230 | | | $ | 2,157 | | | $ | 10,058 | | | $ | 5,545 | | | $ | 3,845 | | | $ | 4,846 | | | $ | 1,014 | | | $ | 8,120 | | | $ | 40,815 | | | | | | | | | | | | | | | | | | | | | Provision for credit losses | — | | | 32 | | | (257) | | | 609 | | | 55 | | | (75) | | | 44 | | | 269 | | | 677 | | | Charge-offs | (493) | | | — | | | — | | | — | | | (188) | | | (54) | | | — | | | (135) | | | (870) | | | Recoveries | 24 | | | 2 | | | 15 | | | 1 | | | — | | | 68 | | | 1 | | | 73 | | | 184 | | | Ending balance | $ | 4,761 | | | $ | 2,191 | | | $ | 9,816 | | | $ | 6,155 | | | $ | 3,712 | | | $ | 4,785 | | | $ | 1,059 | | | $ | 8,327 | | | $ | 40,806 | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2023 | | (dollars in thousands) | Commercial
and
Industrial | | Commercial
Real Estate
Owner
Occupied | | Commercial
Real Estate
Non-owner
Occupied | | Construction
and Land
Development | | Multi-Family | | One-to-four
Family
Residential | | Agricultural
and
Farmland | | Municipal,
Consumer,
and
Other | | Total | | | | | | | | | | | | | | | | | | | | Beginning balance | $ | 2,932 | | | $ | 2,535 | | | $ | 7,840 | | | $ | 7,574 | | | $ | 2,151 | | | $ | 4,165 | | | $ | 2,674 | | | $ | 8,905 | | | $ | 38,776 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for credit losses | 791 | | | (175) | | | (466) | | | (1,745) | | | 452 | | | (121) | | | (68) | | | 252 | | | (1,080) | | | Charge-offs | — | | | — | | | — | | | — | | | — | | | (4) | | | — | | | (175) | | | (179) | | | Recoveries | 12 | | | 2 | | | 164 | | | 5 | | | — | | | 37 | | | 1 | | | 76 | | | 297 | | | Ending balance | $ | 3,735 | | | $ | 2,362 | | | $ | 7,538 | | | $ | 5,834 | | | $ | 2,603 | | | $ | 4,077 | | | $ | 2,607 | | | $ | 9,058 | | | $ | 37,814 | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | (dollars in thousands) | Commercial
and
Industrial | | Commercial
Real Estate
Owner
Occupied | | Commercial
Real Estate
Non-owner
Occupied | | Construction
and Land
Development | | Multi-Family | | One-to-four
Family
Residential | | Agricultural
and
Farmland | | Municipal,
Consumer,
and
Other | | Total | | | | | | | | | | | | | | | | | | | | Beginning balance | $ | 4,980 | | | $ | 2,272 | | | $ | 7,714 | | | $ | 5,998 | | | $ | 3,837 | | | $ | 5,204 | | | $ | 975 | | | $ | 9,068 | | | $ | 40,048 | | | | | | | | | | | | | | | | | | | | | Provision for credit losses | $ | 239 | | | $ | (85) | | | $ | 1,845 | | | $ | 155 | | | $ | 63 | | | $ | (496) | | | $ | 76 | | | $ | (560) | | | $ | 1,237 | | | Charge-offs | $ | (508) | | | $ | — | | | $ | — | | | $ | — | | | $ | (188) | | | $ | (75) | | | $ | — | | | $ | (326) | | | $ | (1,097) | | | Recoveries | 50 | | | 4 | | | 257 | | | 2 | | | — | | | 152 | | | 8 | | | 145 | | | 618 | | | Ending balance | $ | 4,761 | | | $ | 2,191 | | | $ | 9,816 | | | $ | 6,155 | | | $ | 3,712 | | | $ | 4,785 | | | $ | 1,059 | | | $ | 8,327 | | | $ | 40,806 | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2023 | | (dollars in thousands) | Commercial
and
Industrial | | Commercial
Real Estate
Owner
Occupied | | Commercial
Real Estate
Non-owner
Occupied | | Construction
and Land
Development | | Multi-Family | | One-to-four
Family
Residential | | Agricultural
and
Farmland | | Municipal,
Consumer,
and
Other | | Total | | | | | | | | | | | | | | | | | | | | Beginning balance | $ | 3,279 | | | $ | 1,193 | | | $ | 6,721 | | | $ | 4,223 | | | $ | 1,472 | | | $ | 1,759 | | | $ | 796 | | | $ | 5,890 | | | $ | 25,333 | | | Adoption of ASC 326 | $ | (822) | | | $ | 587 | | | $ | 501 | | | $ | 1,969 | | | $ | 85 | | | $ | 797 | | | $ | 1,567 | | | $ | 2,299 | | | $ | 6,983 | | | PCD allowance established in acquisition | $ | 69 | | | $ | 127 | | | $ | 239 | | | $ | 240 | | | $ | 68 | | | $ | 492 | | | $ | 5 | | | $ | 7 | | | $ | 1,247 | | | Provision for credit losses | $ | 1,178 | | | $ | 444 | | | $ | (161) | | | $ | (606) | | | $ | 978 | | | $ | 960 | | | $ | 237 | | | $ | 991 | | | $ | 4,021 | | | Charge-offs | $ | — | | | $ | (3) | | | $ | — | | | $ | — | | | $ | — | | | $ | (26) | | | $ | — | | | $ | (292) | | | $ | (321) | | | Recoveries | 31 | | | 14 | | | 238 | | | 8 | | | — | | | 95 | | | 2 | | | 163 | | | 551 | | | Ending balance | $ | 3,735 | | | $ | 2,362 | | | $ | 7,538 | | | $ | 5,834 | | | $ | 2,603 | | | $ | 4,077 | | | $ | 2,607 | | | $ | 9,058 | | | $ | 37,814 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following tables present loans and the related allowance for credit losses by category: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | (dollars in thousands) | | Commercial
and
Industrial | | Commercial
Real Estate
Owner
Occupied | | Commercial
Real Estate
Non-owner
Occupied | | Construction
and Land
Development | | Multi-Family | | One-to-four
Family
Residential | | Agricultural
and
Farmland | | Municipal,
Consumer,
and
Other | | Total | | | | | | | | | | | | | | | | | | | | | Loan balances: | | | | | | | | | | | | | | | | | | | | Collectively evaluated for impairment | | $ | 399,214 | | | $ | 289,992 | | | $ | 874,256 | | | $ | 365,155 | | | $ | 429,951 | | | $ | 479,256 | | | $ | 285,678 | | | $ | 230,024 | | | $ | 3,353,526 | | | Individually evaluated for impairment | | 1,062 | | | — | | | 14,937 | | | 216 | | | — | | | 5,079 | | | 144 | | | 10,519 | | | 31,957 | | | Total | | $ | 400,276 | | | $ | 289,992 | | | $ | 889,193 | | | $ | 365,371 | | | $ | 429,951 | | | $ | 484,335 | | | $ | 285,822 | | | $ | 240,543 | | | $ | 3,385,483 | | | | | | | | | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | | Collectively evaluated for impairment | | $ | 4,657 | | | $ | 2,191 | | | $ | 9,127 | | | $ | 6,155 | | | $ | 3,712 | | | $ | 4,724 | | | $ | 1,059 | | | $ | 5,741 | | | $ | 37,366 | | | Individually evaluated for impairment | | 104 | | | — | | | 689 | | | — | | | — | | | 61 | | | — | | | 2,586 | | | 3,440 | | | Total | | $ | 4,761 | | | $ | 2,191 | | | $ | 9,816 | | | $ | 6,155 | | | $ | 3,712 | | | $ | 4,785 | | | $ | 1,059 | | | $ | 8,327 | | | $ | 40,806 | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | (dollars in thousands) | | Commercial
and
Industrial | | Commercial
Real Estate
Owner
Occupied | | Commercial
Real Estate
Non-owner
Occupied | | Construction
and Land
Development | | Multi-Family | | One-to-four
Family
Residential | | Agricultural
and
Farmland | | Municipal,
Consumer,
and
Other | | Total | | | | | | | | | | | | | | | | | | | | | Loan balances: | | | | | | | | | | | | | | | | | | | | Collectively evaluated for impairment | | $ | 427,528 | | | $ | 295,672 | | | $ | 865,394 | | | $ | 363,767 | | | $ | 417,608 | | | $ | 486,049 | | | $ | 287,150 | | | $ | 224,345 | | | $ | 3,367,513 | | | Individually evaluated for impairment | | 272 | | | 170 | | | 15,287 | | | 216 | | | 315 | | | 5,459 | | | 144 | | | 15,041 | | | 36,904 | | | Total | | $ | 427,800 | | | $ | 295,842 | | | $ | 880,681 | | | $ | 363,983 | | | $ | 417,923 | | | $ | 491,508 | | | $ | 287,294 | | | $ | 239,386 | | | $ | 3,404,417 | | | | | | | | | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | | Collectively evaluated for impairment | | $ | 4,960 | | | $ | 2,272 | | | $ | 6,693 | | | $ | 5,998 | | | $ | 3,837 | | | $ | 4,957 | | | $ | 975 | | | $ | 6,137 | | | $ | 35,829 | | | Individually evaluated for impairment | | 20 | | | — | | | 1,021 | | | — | | | — | | | 247 | | | — | | | 2,931 | | | 4,219 | | | Total | | $ | 4,980 | | | $ | 2,272 | | | $ | 7,714 | | | $ | 5,998 | | | $ | 3,837 | | | $ | 5,204 | | | $ | 975 | | | $ | 9,068 | | | $ | 40,048 | |
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| Schedule of loans individually evaluated for impairment by category PREADOPTION |
The following tables present collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | | Amortized Cost | | Allowance
for Credit
Losses | | | Primary Collateral Type | | | | | (dollars in thousands) | | Real Estate | | Vehicles | | Other | | Total | | | | | | | | | | | | | | Commercial and industrial | | $ | — | | | $ | 1,011 | | | $ | 51 | | | $ | 1,062 | | | $ | 104 | | | Commercial real estate - owner occupied | | — | | | — | | | — | | | — | | | — | | | Commercial real estate - non-owner occupied | | 14,937 | | | — | | | — | | | 14,937 | | | 689 | | | Construction and land development | | 216 | | | — | | | — | | | 216 | | | — | | | Multi-family | | — | | | — | | | — | | | — | | | — | | | One-to-four family residential | | 5,079 | | | — | | | — | | | 5,079 | | | 61 | | | Agricultural and farmland | | 144 | | | — | | | — | | | 144 | | | — | | | Municipal, consumer, and other | | 10,438 | | | 43 | | | 38 | | | 10,519 | | | 2,586 | | | Total | | $ | 30,814 | | | $ | 1,054 | | | $ | 89 | | | $ | 31,957 | | | $ | 3,440 | | | | | | | | | | | | | | | December 31, 2023 | | | Amortized Cost | | Allowance
for Credit
Losses | | | Primary Collateral Type | | | | | (dollars in thousands) | | Real Estate | | Vehicles | | Other | | Total | | | | | | | | | | | | | | Commercial and industrial | | $ | — | | | $ | 37 | | | $ | 235 | | | $ | 272 | | | $ | 20 | | | Commercial real estate - owner occupied | | 170 | | | — | | | — | | | 170 | | | — | | | Commercial real estate - non-owner occupied | | 15,287 | | | — | | | — | | | 15,287 | | | 1,021 | | | Construction and land development | | 216 | | | — | | | — | | | 216 | | | — | | | Multi-family | | 315 | | | — | | | — | | | 315 | | | — | | | One-to-four family residential | | 5,459 | | | — | | | — | | | 5,459 | | | 247 | | | Agricultural and farmland | | 144 | | | — | | | — | | | 144 | | | — | | | Municipal, consumer, and other | | 14,978 | | | 39 | | | 24 | | | 15,041 | | | 2,931 | | | Total | | $ | 36,569 | | | $ | 76 | | | $ | 259 | | | $ | 36,904 | | | $ | 4,219 | |
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| Schedule of gross charge-offs, further sorted by origination year |
Gross charge-offs, further sorted by origination year, were as follows during the three months ended June 30, 2024 and 2023. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Charge-Offs for the Three Months Ended June 30, 2024 | | Term Loans by Origination Year | | Revolving
Loans | | Revolving
Loans
Converted
to Term | | Total | | (dollars in thousands) | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | $ | — | | | $ | 326 | | | $ | 75 | | | $ | — | | | $ | — | | | $ | — | | | $ | 92 | | | $ | — | | | $ | 493 | | | Commercial real estate - owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Construction and land development | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Multi-family | — | | | — | | | — | | | 188 | | | — | | | — | | | — | | | — | | | 188 | | | One-to-four family residential | — | | | — | | | 4 | | | 13 | | | 4 | | | 1 | | | 32 | | | — | | | 54 | | | Agricultural and farmland | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Municipal, consumer, and other | 84 | | | — | | | — | | | — | | | — | | | — | | | 51 | | | — | | | 135 | | | Total | $ | 84 | | | $ | 326 | | | $ | 79 | | | $ | 201 | | | $ | 4 | | | $ | 1 | | | $ | 175 | | | $ | — | | | $ | 870 | | | | | | | | | | | | | | | | | | | | | Gross Charge-Offs for the Three Months Ended June 30, 2023 | | Term Loans by Origination Year | | Revolving
Loans | | Revolving
Loans
Converted
to Term | | Total | | (dollars in thousands) | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Commercial real estate - owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Construction and land development | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Multi-family | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | One-to-four family residential | — | | | — | | | — | | | — | | | — | | | 4 | | | — | | | — | | | 4 | | | Agricultural and farmland | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Municipal, consumer, and other | 100 | | | 21 | | | — | | | — | | | — | | | — | | | 54 | | | — | | | 175 | | | Total | $ | 100 | | | $ | 21 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4 | | | $ | 54 | | | $ | — | | | $ | 179 | |
Gross charge-offs, further sorted by origination year, were as follows during the six months ended June 30, 2024 and 2023. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Charge-Offs for the Six Months Ended June 30, 2024 | | Term Loans by Origination Year | | Revolving
Loans | | Revolving
Loans
Converted
to Term | | Total | | (dollars in thousands) | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | $ | — | | | $ | 329 | | | $ | 75 | | | $ | — | | | $ | — | | | $ | 11 | | | $ | 93 | | | $ | — | | | $ | 508 | | | Commercial real estate - owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Construction and land development | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Multi-family | — | | | — | | | — | | | 188 | | | — | | | — | | | — | | | — | | | 188 | | | One-to-four family residential | — | | | — | | | 7 | | | 13 | | | 4 | | | 7 | | | 44 | | | — | | | 75 | | | Agricultural and farmland | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Municipal, consumer, and other | 128 | | | 56 | | | 6 | | | — | | | — | | | — | | | 136 | | | — | | | 326 | | | Total | $ | 128 | | | $ | 385 | | | $ | 88 | | | $ | 201 | | | $ | 4 | | | $ | 18 | | | $ | 273 | | | $ | — | | | $ | 1,097 | | | | | | | | | | | | | | | | | | | | | Gross Charge-Offs for the Six Months Ended June 30, 2023 | | Term Loans by Origination Year | | Revolving
Loans | | Revolving
Loans
Converted
to Term | | Total | | (dollars in thousands) | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Commercial real estate - owner occupied | — | | | 3 | | | — | | | — | | | — | | | — | | | — | | | — | | | 3 | | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Construction and land development | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Multi-family | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | One-to-four family residential | — | | | — | | | — | | | — | | | 1 | | | 25 | | | — | | | — | | | 26 | | | Agricultural and farmland | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Municipal, consumer, and other | 135 | | | 74 | | | — | | | 9 | | | — | | | — | | | 74 | | | — | | | 292 | | | Total | $ | 135 | | | $ | 77 | | | $ | — | | | $ | 9 | | | $ | 1 | | | $ | 25 | | | $ | 74 | | | $ | — | | | $ | 321 | |
|
| Schedule of recorded investment on past due basis |
The following tables present loans by category based on current payment and accrual status: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | | Accruing Interest | | | | | | (dollars in thousands) | | Current | | 30 - 89 Days
Past Due | | 90+ Days
Past Due | | Nonaccrual | | Total
Loans | | | | | | | | | | | | | Commercial and industrial | | $ | 397,982 | | | $ | 1,232 | | | $ | — | | | $ | 1,062 | | | $ | 400,276 | | | Commercial real estate - owner occupied | | 289,663 | | | 329 | | | — | | | — | | | 289,992 | | | Commercial real estate - non-owner occupied | | 887,226 | | | 124 | | | — | | | 1,843 | | | 889,193 | | | Construction and land development | | 365,155 | | | — | | | — | | | 216 | | | 365,371 | | | Multi-family | | 429,951 | | | — | | | — | | | — | | | 429,951 | | | One-to-four family residential | | 477,267 | | | 1,989 | | | — | | | 5,079 | | | 484,335 | | | Agricultural and farmland | | 283,988 | | | 1,690 | | | — | | | 144 | | | 285,822 | | | Municipal, consumer, and other | | 240,327 | | | 128 | | | 7 | | | 81 | | | 240,543 | | | Total | | $ | 3,371,559 | | | $ | 5,492 | | | $ | 7 | | | $ | 8,425 | | | $ | 3,385,483 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | | Accruing Interest | | | | | | (dollars in thousands) | | Current | | 30 - 89 Days
Past Due | | 90+ Days
Past Due | | Nonaccrual | | Total
Loans | | | | | | | | | | | | | Commercial and industrial | | $ | 427,300 | | | $ | 228 | | | $ | — | | | $ | 272 | | | $ | 427,800 | | | Commercial real estate - owner occupied | | 295,672 | | | — | | | — | | | 170 | | | 295,842 | | | Commercial real estate - non-owner occupied | | 878,591 | | | 255 | | | — | | | 1,835 | | | 880,681 | | | Construction and land development | | 363,735 | | | 32 | | | — | | | 216 | | | 363,983 | | | Multi-family | | 417,597 | | | 11 | | | — | | | 315 | | | 417,923 | | | One-to-four family residential | | 484,969 | | | 1,735 | | | — | | | 4,804 | | | 491,508 | | | Agricultural and farmland | | 286,820 | | | 330 | | | — | | | 144 | | | 287,294 | | | Municipal, consumer, and other | | 239,033 | | | 252 | | | 37 | | | 64 | | | 239,386 | | | Total | | $ | 3,393,717 | | | $ | 2,843 | | | $ | 37 | | | $ | 7,820 | | | $ | 3,404,417 | |
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| Schedule of non-accrual loans |
The following tables present nonaccrual loans with and without a related allowance for credit losses: | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | (dollars in thousands) | | Nonaccrual
With
Allowance for
Credit Losses | | Nonaccrual
With No
Allowance for
Credit Losses | | Total
Nonaccrual | | | | | | | | | Commercial and industrial | | $ | 313 | | | $ | 749 | | | $ | 1,062 | | | Commercial real estate - owner occupied | | — | | | — | | | — | | | Commercial real estate - non-owner occupied | | — | | | 1,843 | | | 1,843 | | | Construction and land development | | 216 | | | — | | | 216 | | | Multi-family | | — | | | — | | | — | | | One-to-four family residential | | 352 | | | 4,727 | | | 5,079 | | | Agricultural and farmland | | — | | | 144 | | | 144 | | | Municipal, consumer, and other | | 59 | | | 22 | | | 81 | | | Total | | $ | 940 | | | $ | 7,485 | | | $ | 8,425 | | | | | | | | | | | December 31, 2023 | | (dollars in thousands) | | Nonaccrual
With
Allowance for
Credit Losses | | Nonaccrual
With No
Allowance for
Credit Losses | | Total
Nonaccrual | | | | | | | | | Commercial and industrial | | $ | 120 | | | $ | 152 | | | $ | 272 | | | Commercial real estate - owner occupied | | — | | | 170 | | | 170 | | | Commercial real estate - non-owner occupied | | 188 | | | 1,647 | | | 1,835 | | | Construction and land development | | 216 | | | — | | | 216 | | | Multi-family | | — | | | 315 | | | 315 | | | One-to-four family residential | | 14 | | | 4,790 | | | 4,804 | | | Agricultural and farmland | | — | | | 144 | | | 144 | | | Municipal, consumer, and other | | — | | | 64 | | | 64 | | | Total | | $ | 538 | | | $ | 7,282 | | | $ | 7,820 | |
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| Schedule of loans by category risk ratings |
The following tables present loans by category based on their assigned risk ratings determined by management: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | (dollars in thousands) | | Pass | | Pass-Watch | | Special Mention | | Substandard | | Total | | | | | | | | | | | | | Commercial and industrial | | $ | 389,429 | | | $ | 4,044 | | | $ | 1,647 | | | $ | 5,156 | | | $ | 400,276 | | | Commercial real estate - owner occupied | | 271,725 | | | 8,762 | | | 3,459 | | | 6,046 | | | 289,992 | | | Commercial real estate - non-owner occupied | | 833,470 | | | 22,077 | | | 203 | | | 33,443 | | | 889,193 | | | Construction and land development | | 340,960 | | | 23,665 | | | — | | | 746 | | | 365,371 | | | Multi-family | | 410,272 | | | 3,892 | | | 15,787 | | | — | | | 429,951 | | | One-to-four family residential | | 464,960 | | | 6,680 | | | 3,065 | | | 9,630 | | | 484,335 | | | Agricultural and farmland | | 263,070 | | | 17,388 | | | 1,678 | | | 3,686 | | | 285,822 | | | Municipal, consumer, and other | | 223,994 | | | 1,696 | | | 4,243 | | | 10,610 | | | 240,543 | | | Total | | $ | 3,197,880 | | | $ | 88,204 | | | $ | 30,082 | | | $ | 69,317 | | | $ | 3,385,483 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | (dollars in thousands) | | Pass | | Pass-Watch | | Substandard | | Total | | | | | | | | | | | Commercial and industrial | | $ | 419,494 | | | $ | 7,128 | | | $ | 1,178 | | | $ | 427,800 | | | Commercial real estate - owner occupied | | 275,649 | | | 14,072 | | | 6,121 | | | 295,842 | | | Commercial real estate - non-owner occupied | | 822,012 | | | 33,283 | | | 25,386 | | | 880,681 | | | Construction and land development | | 351,087 | | | 12,604 | | | 292 | | | 363,983 | | | Multi-family | | 397,951 | | | 19,656 | | | 316 | | | 417,923 | | | One-to-four family residential | | 472,355 | | | 6,671 | | | 12,482 | | | 491,508 | | | Agricultural and farmland | | 280,867 | | | 3,071 | | | 3,356 | | | 287,294 | | | Municipal, consumer, and other | | 222,474 | | | 1,721 | | | 15,191 | | | 239,386 | | | Total | | $ | 3,241,889 | | | $ | 98,206 | | | $ | 64,322 | | | $ | 3,404,417 | |
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| Schedule of risk ratings of loans, further sorted by origination year |
Risk ratings of loans, further sorted by origination year, are as follows as of June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | | Term Loans by Origination Year | | Revolving
Loans | | Revolving
Loans
Converted
to Term | | Total | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Pass | | $ | 23,459 | | | $ | 61,841 | | | $ | 52,970 | | | $ | 15,494 | | | $ | 22,508 | | | $ | 33,263 | | | $ | 177,985 | | | $ | 1,909 | | | $ | 389,429 | | | Pass-Watch | | 29 | | | 1,330 | | | 558 | | | 229 | | | 104 | | | 1,102 | | | 486 | | | 206 | | | 4,044 | | | Special Mention | | — | | | — | | | 282 | | | 73 | | | — | | | — | | | 710 | | | 582 | | | 1,647 | | | Substandard | | — | | | 2,897 | | | 487 | | | 823 | | | — | | | — | | | 668 | | | 281 | | | 5,156 | | | Total | | $ | 23,488 | | | $ | 66,068 | | | $ | 54,297 | | | $ | 16,619 | | | $ | 22,612 | | | $ | 34,365 | | | $ | 179,849 | | | $ | 2,978 | | | $ | 400,276 | | | | | | | | | | | | | | | | | | | | | | Commercial real estate - owner occupied | | Pass | | $ | 16,517 | | | $ | 26,064 | | | $ | 64,465 | | | $ | 50,365 | | | $ | 50,035 | | | $ | 52,299 | | | $ | 11,914 | | | $ | 66 | | | $ | 271,725 | | | Pass-Watch | | 293 | | | 3,167 | | | 746 | | | 2,394 | | | 713 | | | 1,449 | | | — | | | — | | | 8,762 | | | Special Mention | | 1,984 | | | — | | | — | | | — | | | — | | | — | | | 1,475 | | | — | | | 3,459 | | | Substandard | | — | | | 634 | | | 82 | | | 3,624 | | | 1,075 | | | 631 | | | — | | | — | | | 6,046 | | | Total | | $ | 18,794 | | | $ | 29,865 | | | $ | 65,293 | | | $ | 56,383 | | | $ | 51,823 | | | $ | 54,379 | | | $ | 13,389 | | | $ | 66 | | | $ | 289,992 | | | | | | | | | | | | | | | | | | | | | | Commercial real estate - non-owner occupied | | Pass | | $ | 39,574 | | | $ | 119,976 | | | $ | 243,744 | | | $ | 232,353 | | | $ | 93,139 | | | $ | 93,059 | | | $ | 10,009 | | | $ | 1,616 | | | $ | 833,470 | | | Pass-Watch | | 3,229 | | | 766 | | | — | | | 3,918 | | | 343 | | | 463 | | | 13,315 | | | 43 | | | 22,077 | | | Special Mention | | — | | | — | | | — | | | — | | | — | | | 58 | | | 145 | | | — | | | 203 | | | Substandard | | — | | | 13,496 | | | 6,784 | | | — | | | — | | | 13,163 | | | — | | | — | | | 33,443 | | | Total | | $ | 42,803 | | | $ | 134,238 | | | $ | 250,528 | | | $ | 236,271 | | | $ | 93,482 | | | $ | 106,743 | | | $ | 23,469 | | | $ | 1,659 | | | $ | 889,193 | | | | | | | | | | | | | | | | | | | | | | Construction and land development | | Pass | | $ | 91,952 | | | $ | 125,269 | | | $ | 88,490 | | | $ | 21,357 | | | $ | 876 | | | $ | 3,006 | | | $ | 9,749 | | | $ | 261 | | | $ | 340,960 | | | Pass-Watch | | — | | | 937 | | | 8,630 | | | 12,549 | | | — | | | 19 | | | 693 | | | 837 | | | 23,665 | | | Special Mention | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | | 475 | | | — | | | 216 | | | — | | | — | | | 55 | | | — | | | — | | | 746 | | | Total | | $ | 92,427 | | | $ | 126,206 | | | $ | 97,336 | | | $ | 33,906 | | | $ | 876 | | | $ | 3,080 | | | $ | 10,442 | | | $ | 1,098 | | | $ | 365,371 | | | | | | | | | | | | | | | | | | | | | | Multi-family | | Pass | | $ | 17,383 | | | $ | 83,543 | | | $ | 95,243 | | | $ | 112,008 | | | $ | 52,031 | | | $ | 44,854 | | | $ | 4,417 | | | $ | 793 | | | $ | 410,272 | | | Pass-Watch | | 2,807 | | | — | | | 572 | | | — | | | — | | | 507 | | | — | | | 6 | | | 3,892 | | | Special Mention | | 6,976 | | | — | | | — | | | — | | | 8,811 | | | — | | | — | | | — | | | 15,787 | | | Substandard | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total | | $ | 27,166 | | | $ | 83,543 | | | $ | 95,815 | | | $ | 112,008 | | | $ | 60,842 | | | $ | 45,361 | | | $ | 4,417 | | | $ | 799 | | | $ | 429,951 | | | | | | | | | | | | | | | | | | | | | | One-to-four family residential | | Pass | | $ | 25,775 | | | $ | 94,809 | | | $ | 87,957 | | | $ | 76,529 | | | $ | 61,139 | | | $ | 53,340 | | | $ | 60,417 | | | $ | 4,994 | | | $ | 464,960 | | | Pass-Watch | | 908 | | | 2,074 | | | 333 | | | 316 | | | 466 | | | 2,111 | | | 192 | | | 280 | | | 6,680 | | | Special Mention | | — | | | — | | | — | | | 604 | | | 125 | | | — | | | — | | | 2,336 | | | 3,065 | | | Substandard | | 79 | | | 739 | | | 1,508 | | | 638 | | | 513 | | | 5,666 | | | — | | | 487 | | | 9,630 | | | Total | | $ | 26,762 | | | $ | 97,622 | | | $ | 89,798 | | | $ | 78,087 | | | $ | 62,243 | | | $ | 61,117 | | | $ | 60,609 | | | $ | 8,097 | | | $ | 484,335 | | | | | | | | | | | | | | | | | | | | | | Agricultural and farmland | | Pass | | $ | 28,788 | | | $ | 38,360 | | | $ | 33,420 | | | $ | 29,642 | | | $ | 29,779 | | | $ | 10,312 | | | $ | 90,557 | | | $ | 2,212 | | | $ | 263,070 | | | Pass-Watch | | 137 | | | 2,745 | | | 1,902 | | | 1,472 | | | 24 | | | 688 | | | 10,170 | | | 250 | | | 17,388 | | | Special Mention | | — | | | 472 | | | 106 | | | — | | | 1,100 | | | — | | | — | | | — | | | 1,678 | | | Substandard | | 331 | | | — | | | — | | | 12 | | | 3,199 | | | 144 | | | — | | | — | | | 3,686 | | | Total | | $ | 29,256 | | | $ | 41,577 | | | $ | 35,428 | | | $ | 31,126 | | | $ | 34,102 | | | $ | 11,144 | | | $ | 100,727 | | | $ | 2,462 | | | $ | 285,822 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | | Term Loans by Origination Year | | Revolving
Loans | | Revolving
Loans
Converted
to Term | | Total | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | Municipal, Consumer, and other | | Pass | | $ | 63,682 | | | $ | 37,853 | | | $ | 23,308 | | | $ | 24,288 | | | $ | 13,259 | | | $ | 40,382 | | | $ | 21,222 | | | $ | — | | | $ | 223,994 | | | Pass-Watch | | — | | | — | | | 27 | | | 10 | | | — | | | 1,659 | | | — | | | — | | | 1,696 | | | Special Mention | | — | | | — | | | — | | | — | | | — | | | 4,217 | | | 26 | | | — | | | 4,243 | | | Substandard | | 51 | | | 55 | | | 63 | | | — | | | — | | | 10,441 | | | — | | | — | | | 10,610 | | | Total | | $ | 63,733 | | | $ | 37,908 | | | $ | 23,398 | | | $ | 24,298 | | | $ | 13,259 | | | $ | 56,699 | | | $ | 21,248 | | | $ | — | | | $ | 240,543 | | | | | | | | | | | | | | | | | | | | | | Total by Risk Rating | | Pass | | $ | 307,130 | | | $ | 587,715 | | | $ | 689,597 | | | $ | 562,036 | | | $ | 322,766 | | | $ | 330,515 | | | $ | 386,270 | | | $ | 11,851 | | | $ | 3,197,880 | | | Pass-Watch | | 7,403 | | | 11,019 | | | 12,768 | | | 20,888 | | | 1,650 | | | 7,998 | | | 24,856 | | | 1,622 | | | 88,204 | | | Special Mention | | 8,960 | | | 472 | | | 388 | | | 677 | | | 10,036 | | | 4,275 | | | 2,356 | | | 2,918 | | | 30,082 | | | Substandard | | 936 | | | 17,821 | | | 9,140 | | | 5,097 | | | 4,787 | | | 30,100 | | | 668 | | | 768 | | | 69,317 | | | Total | | $ | 324,429 | | | $ | 617,027 | | | $ | 711,893 | | | $ | 588,698 | | | $ | 339,239 | | | $ | 372,888 | | | $ | 414,150 | | | $ | 17,159 | | | $ | 3,385,483 | |
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