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Loans (Tables)
 6 Months Ended
Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan Balances

Loan balances were as follows:

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Commercial & Agriculture

 

$

442,444

 

 

$

203,110

 

Commercial Real Estate- Owner Occupied

 

 

252,914

 

 

 

245,606

 

Commercial Real Estate- Non-Owner Occupied

 

 

646,792

 

 

 

592,222

 

Residential Real Estate

 

 

453,067

 

 

 

463,032

 

Real Estate Construction

 

 

178,318

 

 

 

155,825

 

Farm Real Estate

 

 

35,441

 

 

 

34,114

 

Consumer and Other

 

 

13,989

 

 

 

15,061

 

Total loans

 

 

2,022,965

 

 

 

1,708,970

 

Allowance for loan losses

 

 

(20,420

)

 

 

(14,767

)

Net loans

 

$

2,002,545

 

 

$

1,694,203

 
Schedule of Loan Modifications

There were no loans modified as TDRs during the three-month periods ended June 30, 2020 and 2019 and for the six-month period ended June 30, 2020. Loan modifications that are considered TDRs completed during the six-month period ended June 30, 2019 were as follows:

 

 

 

 

For the Six-Month Period Ended

 

 

 

June 30, 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

 

Civista has received second customer deferral requests related to the COVID-19 pandemic for loans that had been previously modified. Through August 5, 2020, Civista granted a second modification on 75 loans totaling $95,153. Most of the second modifications consisted of the deferral of principal and/or interest payments as was granted under the first modification. Included in the second modifications were 17 loans totaling $33,160 that migrated from principal and interest deferrals to interest only payments. Eighty-seven loans have returned to making principal and interest payments and 651 loans are still within the original 90-day modification period. Details with respect to the second loan modifications are as follows:

 

 

Number of

 

 

 

 

 

 

Weighted

Average

 

Type of Loan

 

Loans

 

 

Balance

 

 

Interest Rate

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Commercial & Agriculture

 

 

25

 

 

$

8,635

 

 

 

4.63

%

Commercial Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner Occupied

 

 

23

 

 

 

14,343

 

 

 

4.59

%

Non-Owner Occupied

 

 

25

 

 

 

65,640

 

 

 

4.42

%

Real Estate Construction

 

 

2

 

 

 

6,535

 

 

 

3.42

%

Total

 

 

75

 

 

$

95,153

 

 

 

4.40

%

 
CARES Act [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Loan Modifications 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

 

 

229

 

 

$

47,686

 

 

 

4.56

%

Commercial Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

Owner Occupied

 

 

193

 

 

 

91,831

 

 

 

4.82

%

Non-Owner Occupied

 

 

179

 

 

 

234,543

 

 

 

4.47

%

Residential Real Estate

 

 

170

 

 

 

29,012

 

 

 

4.67

%

Real Estate Construction

 

 

18

 

 

 

26,296

 

 

 

4.39

%

Farm Real Estate

 

 

9

 

 

 

1,783

 

 

 

4.94

%

Consumer and Other

 

 

15

 

 

 

132

 

 

 

8.01

%

Total

 

 

813

 

 

$

431,283

 

 

 

4.57

%

 
CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Loan Modifications The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at June 30, 2020.

 

 

 

Commercial &

Agriculture

 

 

Commercial

Real Estate-

Owner

Occupied

 

 

Commercial

Real Estate-

Non-Owner

Occupied

 

 

Total

 

Administration and support

 

$

365

 

 

$

952

 

 

$

—

 

 

$

1,317

 

Agriculture

 

 

153

 

 

 

811

 

 

 

—

 

 

 

964

 

Construction

 

 

3,895

 

 

 

298

 

 

 

1,370

 

 

 

5,563

 

Education

 

 

74

 

 

 

2,363

 

 

 

—

 

 

 

2,437

 

Entertainment and recreation

 

 

3,102

 

 

 

26,638

 

 

 

5,151

 

 

 

34,891

 

Health care

 

 

3,226

 

 

 

11,523

 

 

 

—

 

 

 

14,749

 

Hotels

 

 

1,802

 

 

 

979

 

 

 

52,309

 

 

 

55,090

 

Information, finance and insurance

 

 

175

 

 

 

—

 

 

 

—

 

 

 

175

 

Manufacturing

 

 

6,192

 

 

 

2,068

 

 

 

—

 

 

 

8,260

 

Other services

 

 

4,490

 

 

 

9,319

 

 

 

3,421

 

 

 

17,230

 

Professional and management

 

 

250

 

 

 

394

 

 

 

—

 

 

 

644

 

Real estate

 

 

590

 

 

 

15,631

 

 

 

168,606

 

 

 

184,827

 

Restaurants

 

 

17,818

 

 

 

12,998

 

 

 

3,042

 

 

 

33,858

 

Retail

 

 

3,838

 

 

 

4,637

 

 

 

644

 

 

 

9,119

 

Transportation and warehousing

 

 

216

 

 

 

542

 

 

 

—

 

 

 

758

 

Wholesalers

 

 

1,500

 

 

 

2,678

 

 

 

—

 

 

 

4,178

 

Total

 

$

47,686

 

 

$

91,831

 

 

$

234,543

 

 

$

374,060