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Allowance for Credit Losses and Allowance for Unfunded Commitments and Letters of Credit (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2021(in thousands)
Commercial loans:
Commercial real estate$57,050 $(316)$16 $(3,500)$53,250 
Commercial business58,405 (971)874 (754)57,554 
Agriculture9,487 (122)5 (1,450)7,920 
Construction6,551 — 521 (513)6,559 
Consumer loans:
One-to-four family residential real estate15,638 (146)503 524 16,519 
Other consumer1,163 (385)215 193 1,186 
Total$148,294 $(1,940)$2,134 $(5,500)$142,988 
Beginning BalanceCharge-offsRecoveriesProvision
(Recapture)		Ending Balance
Six Months Ended June 30, 2021(in thousands)
Commercial loans:
Commercial real estate$68,934 $(316)$52 $(15,420)$53,250 
Commercial business45,250 (4,310)4,088 12,526 57,554 
Agriculture9,052 (122)17 (1,027)7,920 
Construction7,636 — 567 (1,644)6,559 
Consumer loans:
One-to-four family residential real estate16,875 (146)554 (764)16,519 
Other consumer1,393 (512)276 29 1,186 
Total$149,140 $(5,406)$5,554 $(6,300)$142,988 
Beginning BalanceCharge-offsRecoveriesProvision
(Recapture)		Ending Balance
Three Months Ended June 30, 2020(in thousands)
Commercial loans:
Commercial real estate$37,122 $— $13 $13,098 $50,233 
Commercial business45,570 (5,442)811 12,247 53,186 
Agriculture11,085 — 1 3,782 14,868 
Construction8,845 — 235 (1,127)7,953 
Consumer loans:
One-to-four family residential real estate17,659 — 422 5,630 23,711 
Other consumer1,644 (198)130 19 1,595 
Unallocated149 — — (149)— 
Total$122,074 $(5,640)$1,612 $33,500 $151,546 
Beginning BalanceImpact of Adopting ASC 326Charge-offsRecoveriesProvision
(Recapture)		Ending Balance
Six Months Ended June 30, 2020(in thousands)
Commercial loans:
Commercial real estate$20,340 $7,533 $(101)$27 $22,434 $50,233 
Commercial business30,292 762 (7,126)1,671 27,587 53,186 
Agriculture15,835 (9,325)(4,726)42 13,042 14,868 
Construction8,571 (1,750)— 677 455 7,953 
Consumer loans:
One-to-four family residential real estate7,435 4,237 (10)704 11,345 23,711 
Other consumer883 778 (466)254 146 1,595 
Unallocated612 (603)— — (9)— 
Total83,968 1,632 (12,429)3,375 75,000 151,546 
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 June 30,Six Months Ended June 30,
2021202020212020
(in thousands)
Beginning balance$9,800 $6,000 $8,300 $3,430 
Impact of adopting ASC 326— — — 1,570 
Net changes in the allowance for unfunded commitments and letters of credit200 2,800 1,700 3,800 
Ending balance$10,000 $8,800 $10,000 $8,800 
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)
June 30, 2021(in thousands)
Commercial loans:
Commercial real estate
Pass$389,826 $648,251 $584,280 $443,700 $452,989 $1,163,730 $57,550 $2,775 $3,743,101 
Special mention1,875 10,168 58,636 21,408 26,722 60,889 — 2,195 181,893 
Substandard507 3,917 43,600 10,882 28,362 87,655 1,154 — 176,077 
Total commercial real estate$392,208 $662,336 $686,516 $475,990 $508,073 $1,312,274 $58,704 $4,970 $4,101,071 
Commercial business
Pass$881,501 $585,999 $325,418 $245,432 $163,134 $316,525 $980,429 $16,876 $3,515,314 
Special mention— 1,243 8,311 6,293 4,955 990 43,386 251 65,429 
Substandard336 5,808 24,959 29,854 22,175 31,814 41,282 1,317 157,545 
Total commercial business$881,837 $593,050 $358,688 $281,579 $190,264 $349,329 $1,065,097 $18,444 $3,738,288 
Agriculture
Pass$97,908 $95,853 $82,533 $37,066 $54,739 $102,476 $259,260 $1,744 $731,579 
Special mention109 4,593 738 325 64 — 4,526 — 10,355 
Substandard— 6,343 10,045 1,643 3,862 2,529 30,317 907 55,646 
Total agriculture$98,017 $106,789 $93,316 $39,034 $58,665 $105,005 $294,103 $2,651 $797,580 
Construction
Pass$115,216 $101,292 $19,352 $6,699 $3,448 $4,897 $30,302 $304 $281,510 
Substandard— — 18,739 — — 54 — — 18,793 
Total construction$115,216 $101,292 $38,091 $6,699 $3,448 $4,951 $30,302 $304 $300,303 
Consumer loans:
One-to-four family residential real estate
Pass$130,355 $146,145 $58,921 $49,106 $23,838 $81,118 $227,230 $622 $717,335 
Special mention— 2,350 — — 314 — — — 2,664 
Substandard— 81 1,201 239 172 2,132 172 155 4,152 
Total one-to-four family real estate$130,355 $148,576 $60,122 $49,345 $24,324 $83,250 $227,402 $777 $724,151 
Other consumer
Pass$4,289 $3,294 $2,270 $1,789 $671 $1,122 $18,006 $192 $31,633 
Substandard— 25 38 — 2 2 23 — 90 
Total consumer$4,289 $3,319 $2,308 $1,789 $673 $1,124 $18,029 $192 $31,723 
Total$1,621,922 $1,615,362 $1,239,041 $854,436 $785,447 $1,855,933 $1,693,637 $27,338 $9,693,116 
Less:
Allowance for credit losses142,988 
Loans, net$9,550,128 
__________
(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