Changes in the Allowance for Loan and Leases Losses |
Changes in the allowance for credit losses on loans for the three- and nine- months ended September 30, 2023, and September 30, 2022, were as follows, in thousands: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | | Owner Occupied Commercial Real Estate | | Non-Owner Occupied Commercial Real Estate | | Real Estate Construction | | Agricultural and Agricultural Real Estate | | Residential Real Estate | | Consumer | | | | | | Total | Balance at June 30, 2023 | $ | 29,396 | | | | | $ | 14,709 | | | $ | 17,976 | | | $ | 28,246 | | | $ | 3,511 | | | $ | 7,644 | | | $ | 9,716 | | | | | | | $ | 111,198 | | Charge-offs | (1,344) | | | | | — | | | (607) | | | — | | | (10) | | | — | | | (2,003) | | | | | | | (3,964) | | Recoveries | 167 | | | | | 1 | | | — | | | 7 | | | — | | | — | | | 127 | | | | | | | 302 | | Provision (benefit) | 77 | | | | | (36) | | | (85) | | | 726 | | | 903 | | | (537) | | | 1,624 | | | | | | | 2,672 | | Balance at September 30, 2023 | $ | 28,296 | | | | | $ | 14,674 | | | $ | 17,284 | | | $ | 28,979 | | | $ | 4,404 | | | $ | 7,107 | | | $ | 9,464 | | | | | | | $ | 110,208 | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | | Owner Occupied Commercial Real Estate | | Non-Owner Occupied Commercial Real Estate | | Real Estate Construction | | Agricultural and Agricultural Real Estate | | Residential Real Estate | | Consumer | | | | | | Total | Balance at December 31, 2022 | $ | 29,071 | | | | | $ | 13,948 | | | $ | 16,539 | | | $ | 29,998 | | | $ | 2,634 | | | $ | 7,711 | | | $ | 9,582 | | | | | | | $ | 109,483 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Charge-offs | (6,481) | | | | | (19) | | | (636) | | | — | | | (5,319) | | | (59) | | | (3,214) | | | | | | | (15,728) | | Recoveries | 2,007 | | | | | 113 | | | — | | | 26 | | | 11 | | | 19 | | | 1,592 | | | | | | | 3,768 | | Provision (benefit) | 3,699 | | | | | 632 | | | 1,381 | | | (1,045) | | | 7,078 | | | (564) | | | 1,504 | | | | | | | 12,685 | | Balance at September 30, 2023 | $ | 28,296 | | | | | $ | 14,674 | | | $ | 17,284 | | | $ | 28,979 | | | $ | 4,404 | | | $ | 7,107 | | | $ | 9,464 | | | | | | | $ | 110,208 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | | Owner Occupied Commercial Real Estate | | Non-Owner Occupied Commercial Real Estate | | Real Estate Construction | | Agricultural and Agricultural Real Estate | | Residential Real Estate | | Consumer | | | | | | Total | Balance at June 30, 2022 | $ | 27,668 | | | | | $ | 17,658 | | | $ | 15,738 | | | $ | 19,391 | | | $ | 2,948 | | | $ | 8,571 | | | $ | 9,379 | | | | | | | $ | 101,353 | | Charge-offs | (385) | | | | | — | | | — | | | (35) | | | (34) | | | (1) | | | (483) | | | | | | | (938) | | Recoveries | 506 | | | | | — | | | 20 | | | 3 | | | 76 | | | — | | | 307 | | | | | | | 912 | | Provision (benefit) | 2,474 | | | | | (686) | | | (949) | | | 4,911 | | | (423) | | | (1,144) | | | 205 | | | | | | | 4,388 | | Balance at September 30, 2022 | $ | 30,263 | | | | | $ | 16,972 | | | $ | 14,809 | | | $ | 24,270 | | | $ | 2,567 | | | $ | 7,426 | | | $ | 9,408 | | | | | | | $ | 105,715 | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | | Owner Occupied Commercial Real Estate | | Non-Owner Occupied Commercial Real Estate | | Real Estate Construction | | Agricultural and Agricultural Real Estate | | Residential Real Estate | | Consumer | | | | | | Total | Balance at December 31, 2021 | $ | 27,738 | | | | | $ | 19,214 | | | $ | 17,908 | | | $ | 22,538 | | | $ | 5,213 | | | $ | 8,427 | | | $ | 9,050 | | | | | | | $ | 110,088 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Charge-offs | (5,528) | | | | | — | | | (322) | | | (35) | | | (3,163) | | | (138) | | | (6,442) | | | | | | | (15,628) | | Recoveries | 1,157 | | | | | 40 | | | 53 | | | 12 | | | 653 | | | — | | | 779 | | | | | | | 2,694 | | Provision (benefit) | 6,896 | | | | | (2,282) | | | (2,830) | | | 1,755 | | | (136) | | | (863) | | | 6,021 | | | | | | | 8,561 | | Balance at September 30, 2022 | $ | 30,263 | | | | | $ | 16,972 | | | $ | 14,809 | | | $ | 24,270 | | | $ | 2,567 | | | $ | 7,426 | | | $ | 9,408 | | | | | | | $ | 105,715 | |
|
Schedule of New Accounting Pronouncements and Changes in Accounting Principles |
Changes in the allowance for credit losses for unfunded commitments for the three and nine months ended September 30, 2023, and September 30, 2022, were as follows: | | | | | | | | | | | | | For the Three Months Ended September 30, | | 2023 | | 2022 | Balance at June 30, | $ | 18,636 | | | $ | 17,780 | | Provision (benefit) | (1,156) | | | 1,104 | | Balance at September 30, | $ | 17,480 | | | $ | 18,884 | |
| | | | | | | | | | | | | For the Nine Months Ended September 30, | | 2023 | | 2022 | Balance at December 31, | $ | 20,196 | | | $ | 15,462 | | | | | | | | | | Provision (benefit) | (2,716) | | | 3,422 | | Balance at September 30, | $ | 17,480 | | | $ | 18,884 | |
|