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Allowance for Credit Losses and Allowance for Unfunded Commitments and Letters of Credit (Tables)
 3 Months Ended
Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]  
Allowance for Credit Losses on Financing Receivables
The following tables show a detailed analysis of the ACL for the periods indicated:
Beginning BalanceCharge-offsRecoveriesProvision
(Recapture)		Ending Balance
Three Months Ended March 31, 2021(in thousands)
Commercial loans:
Commercial real estate$68,934 $— $36 $(11,920)$57,050 
Commercial business45,250 (3,339)3,214 13,280 58,405 
Agriculture9,052 — 12 423 9,487 
Construction7,636 — 46 (1,131)6,551 
Consumer loans:
One-to-four family residential real estate16,875 — 51 (1,288)15,638 
Other consumer1,393 (127)61 (164)1,163 
Total$149,140 $(3,466)$3,420 $(800)$148,294 
Beginning BalanceImpact of Adopting ASC 326Charge-offsRecoveriesProvision
(Recapture)		Ending Balance
Three Months Ended March 31, 2020(in thousands)
Commercial loans:
Commercial real estate$20,340 $7,533 $(101)$14 $9,336 $37,122 
Commercial business30,292 762 (1,684)860 15,340 45,570 
Agriculture15,835 (9,325)(4,726)41 9,260 11,085 
Construction8,571 (1,750)— 442 1,582 8,845 
Consumer loans:
One-to-four family residential real estate7,435 4,237 (10)282 5,715 17,659 
Other consumer883 778 (268)124 127 1,644 
Unallocated612 (603)— — 140 149 
Total$83,968 $1,632 $(6,789)$1,763 $41,500 $122,074 
Changes in the Allowance for Unfunded Commitments and Letters of Credit
Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows:
Three Months Ended
March 31,
20212020
(in thousands)
Beginning balance$8,300 $3,430 
Impact of adopting ASC 326— 1,570 
Net changes in the allowance for unfunded commitments and letters of credit1,500 1,000 
Ending balance$9,800 $6,000 
Financing Receivable Credit Quality Indicators
The following is an analysis of the credit quality of our loan portfolio as of the periods indicated:
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
 Term Loans
Amortized Cost Basis by Origination Year
20212020201920182017PriorTotal (1)
March 31, 2021(in thousands)
Commercial loans:
Commercial real estate
Pass$205,152 $668,655 $603,542 $459,888 $491,550 $1,229,742 $49,274 $2,781 $3,710,584 
Special mention— 3,127 65,107 19,094 4,420 99,370 5 — 191,123 
Substandard— 3,467 34,749 16,559 31,448 91,434 2,551 — 180,208 
Total commercial real estate$205,152 $675,249 $703,398 $495,541 $527,418 $1,420,546 $51,830 $2,781 $4,081,915 
Commercial business
Pass$586,311 $829,165 $347,668 $273,408 $178,663 $376,297 $945,271 $12,322 $3,549,105 
Special mention— 588 8,346 6,237 2,063 1,131 49,369 143 67,877 
Substandard— 6,594 26,640 36,756 27,226 33,731 44,046 838 175,831 
Total commercial business$586,311 $836,347 $382,654 $316,401 $207,952 $411,159 $1,038,686 $13,303 $3,792,813 
Agriculture
Pass$57,282 $121,511 $85,485 $39,930 $56,638 $106,969 $209,154 $550 $677,519 
Special mention— 3,398 1,366 163 — 2,371 7,962 — 15,260 
Substandard— 6,022 10,424 2,693 4,140 3,194 31,804 744 59,021 
Total agriculture$57,282 $130,931 $97,275 $42,786 $60,778 $112,534 $248,920 $1,294 $751,800 
Construction
Pass$41,447 $130,122 $44,121 $7,909 $3,471 $5,579 $31,682 $— $264,331 
Special mention— — — — — — — — — 
Substandard— — 18,148 — — 55 — — 18,203 
Total construction$41,447 $130,122 $62,269 $7,909 $3,471 $5,634 $31,682 $— $282,534 
Consumer loans:
One-to-four family residential real estate
Pass$106,212 $157,286 $68,489 $53,753 $25,686 $88,323 $228,917 $308 $728,974 
Special mention— — — — — 125 — — 125 
Substandard— 835 1,381 245 491 2,735 309 219 6,215 
Total one-to-four family real estate$106,212 $158,121 $69,870 $53,998 $26,177 $91,183 $229,226 $527 $735,314 
Other consumer
Pass$2,107 $3,595 $2,807 $3,250 $871 $1,211 $17,277 $610 $31,728 
Substandard— 36 39 — 3 3 36 97 214 
Total consumer$2,107 $3,631 $2,846 $3,250 $874 $1,214 $17,313 $707 $31,942 
Total$998,511 $1,934,401 $1,318,312 $919,885 $826,670 $2,042,270 $1,617,657 $18,612 $9,676,318 
Less:
Allowance for credit losses148,294 
Loans, net$9,528,024 
__________
(1) Loans that are on short-term deferments are treated as Pass loans and will not be reported as past due provided that they are performing in accordance with the modified terms.
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Term Loans
Amortized Cost Basis by Origination Year
20202019201820172016PriorTotal
December 31, 2020(in thousands)
Commercial loans:
Commercial real estate
Pass$674,444 $645,328 $478,881 $502,112 $408,972 $946,980 $52,049 $11,332 $3,720,098 
Special mention3,348 39,374 21,285 30,232 46,197 50,115 5 2,139 192,695 
Substandard2,916 24,860 13,571 15,652 43,735 41,138 3,389 4,259 149,520 
Total commercial real estate$680,708 $709,562 $513,737 $547,996 $498,904 $1,038,233 $55,443 $17,730 $4,062,313 
Commercial business
Pass$1,087,400 $366,435 $324,360 $199,010 $218,313 $214,677 $1,000,725 $11,540 $3,422,460 
Special mention3,002 26,361 8,471 24,582 7,004 10,650 22,426 — 102,496 
Substandard3,625 7,376 11,061 5,905 6,396 3,743 32,134 2,772 73,012 
Total commercial business$1,094,027 $400,172 $343,892 $229,497 $231,713 $229,070 $1,055,285 $14,312 $3,597,968 
Agriculture
Pass$142,163 $90,612 $44,434 $58,366 $58,893 $59,396 $244,135 $9,299 $707,298 
Special mention— 90 285 33 — — 85 13 506 
Substandard5,193 12,480 5,868 4,258 284 3,502 38,780 1,458 71,823 
Total agriculture$147,356 $103,182 $50,587 $62,657 $59,177 $62,898 $283,000 $10,770 $779,627 
Construction
Pass$134,693 $66,974 $10,066 $3,498 $763 $1,805 $29,323 $3,753 $250,875 
Substandard— 17,732 — — — 56 — — 17,788 
Total construction$134,693 $84,706 $10,066 $3,498 $763 $1,861 $29,323 $3,753 $268,663 
Consumer loans:
One-to-four family real estate
Pass$161,021 $77,756 $62,696 $29,737 $20,889 $78,098 $243,325 $3,655 $677,177 
Special mention— — 332 — — 195 — — 527 
Substandard— 849 227 1,166 344 1,968 1,005 307 5,866 
Total one-to-four family real estate$161,021 $78,605 $63,255 $30,903 $21,233 $80,261 $244,330 $3,962 $683,570 
Other consumer
Pass$5,548 $3,109 $3,886 $989 $244 $1,060 $19,911 $474 $35,221 
Substandard30 — — 5 — 170 53 40 298 
Total consumer$5,578 $3,109 $3,886 $994 $244 $1,230 $19,964 $514 $35,519 
Total$2,223,383 $1,379,336 $985,423 $875,545 $812,034 $1,413,553 $1,687,345 $51,041 $9,427,660 
Less:
Allowance for credit losses149,140 
Loans, net$9,278,520