LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS

12 Months Ended

Dec. 31, 2023

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS [Abstract]

LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS

3. LOANS HELD FOR SALE AND LOANS SERVICED FOR OTHERS

As of December 31, 2023 and 2022, the Company had approximately $4.5 million and $5.2 million, respectively, of SBA loans included in loans held for sale. The Company’s agricultural lending program includes loans for agricultural land, agricultural operational lines, and agricultural term loans for crops, equipment, and livestock. The primary products are supported by guarantees issued from the USDA, FSA, and the USDA Business and Industry loan program. As of December 31, 2023 and 2022, the Company had $12.1 million and $15.8 million of USDA loans included in loans held for sale, respectively.

The unpaid balance of loans serviced for others as of the periods presented are shown below:

	December 31, 2023		December 31, 2022
	(in thousands)
Farmer Mac	$	162,242	$	155,522
SBA		1,388		1,926
USDA, FSA, and USDA Business and Industry		—		735
Total loans serviced for others	$	163,630	$	158,183