Loans

9 Months Ended

Sep. 30, 2020

(4) Loans

Loan balances were as follows:

	September 30, 2020			December 31, 2019
Commercial & Agriculture	$	435,285		$	203,110
Commercial Real Estate- Owner Occupied		261,235			245,606
Commercial Real Estate- Non-Owner Occupied		683,579			592,222
Residential Real Estate		443,960			463,032
Real Estate Construction		167,560			155,825
Farm Real Estate		35,232			34,114
Consumer and Other		14,089			15,061
Total loans		2,040,940			1,708,970
Allowance for loan losses		(22,637	)		(14,767	)
Net loans	$	2,018,303		$	1,694,203

Included in Commercial & Agriculture as of September 30, 2020 is $259,097 of Paycheck Protection Program (“PPP”) loans.

Included in total loans above are net deferred loan fees of $8,208 and $488 at September 30, 2020 and December 31, 2019, respectively. Included in net deferred loan fees as of September 30, 2020 is $7,498 of net deferred loans fees from PPP loans.

Loan Modifications/Troubled Debt Restructurings

During 2020, Civista modified 813 loans totaling $431,283, primarily consisting of the deferral of principal and/or interest payments. All of the loans modified were performing at December 31, 2019 and comply with the provisions of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) to not be considered a troubled debt restructuring.

While most of the loans that received some form of modification have returned to making payments, Civista has received customer deferral requests for another round of modifications on loans. As of September 30, 2020, Civista has 47 loans totaling $52,186 that remain on a CARES Act modification. Details with respect to loan modifications that remain on deferred status are as follows:

	Number of				Weighted Average
Type of Loan	Loans		Balance		Interest Rate
			(In thousands)
Commercial & Agriculture		12	$	1,370		4.61	%
Commercial Real Estate:
Owner Occupied		19		16,076		4.51	%
Non-Owner Occupied		14		27,720		4.96	%
Real Estate Construction		2		7,020		3.59	%
Total		47	$	52,186		4.63	%