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Subsequent Events (Tables)
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Schedule of Loan Modifications

There were no loans modified as TDRs during the period ended March 31, 2020. Loan modifications that are considered TDRs completed during the period ended March 31, 2019 were as follows:

 

 

 

For the Three-Month Period Ended

 

 

 

March 31, 2019

 

 

 

Number of

Contracts

 

 

Pre-

Modification

Outstanding

Recorded

Investment

 

 

Post-

Modification

Outstanding

Recorded

Investment

 

Commercial & Agriculture

 

 

 

 

$

 

 

$

 

Commercial Real Estate—Owner Occupied

 

 

 

 

 

 

 

 

 

Commercial Real Estate—Non-Owner Occupied

 

 

1

 

 

 

382

 

 

 

382

 

Residential Real Estate

 

 

 

 

 

 

 

 

 

Real Estate Construction

 

 

 

 

 

 

 

 

 

Farm Real Estate

 

 

 

 

 

 

 

 

 

Consumer and Other

 

 

 

 

 

 

 

 

 

Total Loan Modifications

 

 

1

 

 

$

382

 

 

$

382

 

 

As of May 5, 2020, we had modified 653 loans aggregating $357,549 from customers impacted by the COVID-19 pandemic.  These modifications consist primarily of deferral of principal and interest payments.  Of these modifications, $357,549, or 100%, were performing in accordance with their terms.  Details with respect to actual loan modifications are as follows:

 

 

 

Number of

 

 

 

 

 

 

Weighted

Average

 

Type of Loan

 

Loans

 

 

Balance

 

 

Interest Rate

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Commercial & Agriculture

 

 

215

 

 

$

49,944

 

 

 

4.74

%

Commercial Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner Occupied

 

 

163

 

 

 

78,983

 

 

 

4.84

%

Non-Owner Occupied

 

 

114

 

 

 

183,935

 

 

 

4.36

%

Residential Real Estate

 

 

119

 

 

 

19,860

 

 

 

4.51

%

Real Estate Construction

 

 

15

 

 

 

23,898

 

 

 

4.46

%

Farm Real Estate

 

 

6

 

 

 

578

 

 

 

5.18

%

Consumer and Other

 

 

21

 

 

 

351

 

 

 

4.56

%

Total

 

 

653

 

 

$

357,549

 

 

 

4.54

%