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Loans & Leases and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2014
Loans & Leases and Allowance for Credit Losses [Abstract]  
Allocation of the allowance for credit losses by portfolio segment and by impairment methodology
The following tables show the allocation of the allowance for credit losses by portfolio segment and by impairment methodology at the dates indicated (in thousands):
 
March 31, 2014
 
Commercial Real Estate
  
Agricultural Real Estate
  
Real Estate Construction
  
Residential 1st
Mortgages
  
Home Equity
Lines & Loans
  
Agricultural
  
Commercial
  
Consumer & Other
  
Leases
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
  
  
  
 
Year-To-Date Allowance for Credit Losses:
  
  
  
  
  
  
  
  
  
 
Beginning Balance- January 1, 2014
 
$
5,178
  
$
3,576
  
$
654
  
$
1,108
  
$
2,767
  
$
12,205
  
$
5,697
  
$
176
  
$
639
  
$
2,274
  
$
34,274
 
Charge-Offs
  
-
   
-
   
-
   
(3
)
  
-
   
-
   
-
   
(27
)
  
-
   
-
   
(30
)
Recoveries
  
-
   
-
   
-
   
-
   
12
   
1
   
5
   
15
   
-
   
-
   
33
 
Provision
  
1,248
   
(189
)
  
423
   
(5
)
  
(131
)
  
(2,605
)
  
724
   
7
   
282
   
246
   
-
 
Ending Balance- March 31, 2014
 
$
6,426
  
$
3,387
  
$
1,077
  
$
1,100
  
$
2,648
  
$
9,601
  
$
6,426
  
$
171
  
$
921
  
$
2,520
  
$
34,277
 
Ending Balance Individually Evaluated for Impairment
  
245
   
-
   
226
   
340
   
313
   
118
   
814
   
48
   
-
   
-
   
2,104
 
Ending Balance Collectively Evaluated for Impairment
  
6,181
   
3,387
   
851
   
760
   
2,335
   
9,483
   
5,612
   
123
   
921
   
2,520
   
32,173
 
Loans:
                                            
Ending Balance
 
$
402,865
  
$
326,112
  
$
55,751
  
$
156,094
  
$
34,289
  
$
209,228
  
$
155,802
  
$
4,721
  
$
18,168
  
$
-
  
$
1,363,030
 
Ending Balance Individually Evaluated for Impairment
  
22,046
   
-
   
4,473
   
1,701
   
2,055
   
587
   
5,100
   
48
   
-
   
-
   
36,010
 
Ending Balance Collectively Evaluated for Impairment
  
380,819
   
326,112
   
51,278
   
154,393
   
32,234
   
208,641
   
150,702
   
4,673
   
18,168
   
-
   
1,327,020
 

December 31, 2013
 
Commercial Real Estate
  
Agricultural Real Estate
  
Real Estate Construction
  
Residential 1st
Mortgages
  
Home Equity
Lines & Loans
  
Agricultural
  
Commercial
  
Consumer & Other
  
Leases
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
  
  
  
 
Year-To-Date Allowance for Credit Losses:
  
  
  
  
  
  
  
  
  
 
Beginning Balance- January 1, 2013
 
$
6,464
  
$
2,877
  
$
986
  
$
1,219
  
$
3,235
  
$
10,437
  
$
7,963
  
$
182
  
$
-
  
$
854
  
$
34,217
 
Charge-Offs
  
(6
)
  
(575
)
  
-
   
(16
)
  
(91
)
  
(23
)
  
(60
)
  
(120
)
  
-
   
-
   
(891
)
Recoveries
  
-
   
-
   
-
   
-
   
115
   
42
   
312
   
54
   
-
   
-
   
523
 
Provision
  
(1,280
)
  
1,274
   
(332
)
  
(95
)
  
(492
)
  
1,749
   
(2,518
)
  
60
   
639
   
1,420
   
425
 
Ending Balance- December 31, 2013
 
$
5,178
  
$
3,576
  
$
654
  
$
1,108
  
$
2,767
  
$
12,205
  
$
5,697
  
$
176
  
$
639
  
$
2,274
  
$
34,274
 
Ending Balance Individually Evaluated for Impairment
  
-
   
-
   
-
   
414
   
209
   
122
   
820
   
51
   
-
   
-
   
1,616
 
Ending Balance Collectively Evaluated for Impairment
  
5,178
   
3,576
   
654
   
694
   
2,558
   
12,083
   
4,877
   
125
   
639
   
2,274
   
32,658
 
Loans & Leases:
                                            
Ending Balance
 
$
407,514
  
$
328,264
  
$
41,092
  
$
151,292
  
$
35,477
  
$
256,414
  
$
150,398
  
$
5,052
  
$
12,733
  
$
-
  
$
1,388,236
 
Ending Balance Individually Evaluated for Impairment
  
22,176
   
-
   
4,500
   
2,072
   
1,045
   
522
   
5,250
   
51
   
-
   
-
   
35,616
 
Ending Balance Collectively Evaluated for Impairment
  
385,338
   
328,264
   
36,592
   
149,220
   
34,432
   
255,892
   
145,148
   
5,001
   
12,733
   
-
   
1,352,620
 
 
March 31, 2013
 
Commercial Real Estate
  
Agricultural Real Estate
  
Real Estate Construction
  
Residential 1st
Mortgages
  
Home Equity
Lines & Loans
  
Agricultural
  
Commercial
  
Consumer & Other
  
Leases
  
Unallocated
  
Total
 
 
 
  
  
  
  
  
  
  
  
  
  
 
Year-To-Date Allowance for Credit Losses:
  
  
  
  
  
  
  
  
  
 
Beginning Balance- January 1, 2013
 
$
6,464
  
$
2,877
  
$
986
  
$
1,219
  
$
3,235
  
$
10,437
  
$
7,963
  
$
182
  
$
-
  
$
854
  
$
34,217
 
Charge-Offs
  
-
   
-
   
-
   
(16
)
  
(1
)
  
-
   
-
   
(18
)
  
-
   
-
   
(35
)
Recoveries
  
-
   
-
   
-
   
-
   
2
   
13
   
47
   
11
   
-
   
-
   
73
 
Provision
  
207
   
918
   
(17
)
  
57
   
(27
)
  
(1,038
)
  
(44
)
  
(12
)
  
-
   
(44
)
  
-
 
Ending Balance- March 31, 2013
 
$
6,671
  
$
3,795
  
$
969
  
$
1,260
  
$
3,209
  
$
9,412
  
$
7,966
  
$
163
  
$
-
  
$
810
  
$
34,255
 
Ending Balance Individually Evaluated for Impairment
  
1,191
   
263
   
232
   
29
   
186
   
1,028
   
214
   
58
   
-
   
-
   
3,201
 
Ending Balance Collectively Evaluated for Impairment
  
5,480
   
3,532
   
737
   
1,231
   
3,023
   
8,384
   
7,752
   
105
   
-
   
810
   
31,054
 
Loans:
                                            
Ending Balance
 
$
360,893
  
$
318,823
  
$
32,681
  
$
145,419
  
$
40,141
  
$
181,725
  
$
142,115
  
$
4,898
  
$
-
  
$
-
  
$
1,226,695
 
Ending Balance Individually Evaluated for Impairment
  
22,719
   
5,335
   
4,577
   
1,950
   
1,007
   
3,961
   
578
   
58
   
-
   
-
   
40,185
 
Ending Balance Collectively Evaluated for Impairment
  
338,174
   
313,488
   
28,104
   
143,469
   
39,134
   
177,764
   
141,537
   
4,840
   
-
   
-
   
1,186,510
 
Loan portfolio allocated by management's internal risk ratings
The following tables show the loan & lease portfolio allocated by management’s internal risk ratings at the dates indicated (in thousands):

March 31, 2014
 
Pass
  
Special
Mention
  
Substandard
  
Total Loans
& Leases
 
Loans & Leases:
 
  
  
  
 
Commercial Real Estate
 
$
389,366
  
$
13,126
  
$
373
  
$
402,865
 
Agricultural Real Estate
  
326,112
   
-
   
-
   
326,112
 
Real Estate Construction
  
54,120
   
1,631
   
-
   
55,751
 
Residential 1st Mortgages
  
154,743
   
767
   
584
   
156,094
 
Home Equity Lines & Loans
  
33,196
   
-
   
1,093
   
34,289
 
Agricultural
  
208,308
   
843
   
77
   
209,228
 
Commercial
  
137,125
   
16,928
   
1,749
   
155,802
 
Consumer & Other
  
4,529
   
-
   
192
   
4,721
 
Leases
  
18,168
           
18,168
 
Total
 
$
1,325,667
  
$
33,295
  
$
4,068
  
$
1,363,030
 
 
                
December 31, 2013
 
Pass
  
Special
 Mention
  
Substandard
  
Total Loans
& Leases
 
Loans & Leases:
                
Commercial Real Estate
 
$
398,488
  
$
7,979
  
$
1,047
  
$
407,514
 
Agricultural Real Estate
  
325,926
   
2,338
   
-
   
328,264
 
Real Estate Construction
  
39,460
   
1,632
   
-
   
41,092
 
Residential 1st Mortgages
  
149,798
   
774
   
720
   
151,292
 
Home Equity Lines & Loans
  
34,821
   
-
   
656
   
35,477
 
Agricultural
  
255,443
   
889
   
82
   
256,414
 
Commercial
  
132,008
   
15,426
   
2,964
   
150,398
 
Consumer & Other
  
4,763
   
-
   
289
   
5,052
 
Leases
  
12,733
   
-
   
-
   
12,733
 
Total
 
$
1,353,440
  
$
29,038
  
$
5,758
  
$
1,388,236
 
 
March 31, 2013
 
 
Pass
  
Special
Mention
  
Substandard
  
Total Loans
 
Loans:
                
Commercial Real Estate
 
$
336,525
  
$
15,273
  
$
9,095
  
$
360,893
 
Agricultural Real Estate
  
308,475
   
3,799
   
6,549
   
318,823
 
Real Estate Construction
  
26,472
   
6,209
   
-
   
32,681
 
Residential 1st Mortgages
  
142,951
   
1,376
   
1,092
   
145,419
 
Home Equity Lines & Loans
  
38,870
   
-
   
1,271
   
40,141
 
Agricultural
  
177,245
   
980
   
3,500
   
181,725
 
Commercial
  
135,375
   
6,289
   
451
   
142,115
 
Consumer & Other
  
4,644
   
-
   
254
   
4,898
 
Total
 
$
1,170,557
  
$
33,926
  
$
22,212
  
$
1,226,695
 
Aging analysis of the loan portfolio by the time past due
The following tables show an aging analysis of the loan & lease portfolio by the time past due at the dates indicated (in thousands):

 
 
30-89 Days
  
90 Days and
  
  
Total Past
  
  
Total
 
March 31, 2014
 
Past Due
  
Still Accruing
  
Nonaccrual
  
Due
  
Current
  
Loans
 
Loans & Leases:
 
  
  
  
  
  
 
Commercial Real Estate
 
$
-
  
$
-
  
$
-
  
$
-
  
$
402,865
  
$
402,865
 
Agricultural Real Estate
  
-
   
-
   
-
   
-
   
326,112
   
326,112
 
Real Estate Construction
  
-
   
-
   
-
   
-
   
55,751
   
55,751
 
Residential 1st Mortgages
  
-
   
-
   
316
   
316
   
155,778
   
156,094
 
Home Equity Lines & Loans
  
30
   
-
   
969
   
999
   
33,290
   
34,289
 
Agricultural
  
25
   
-
   
32
   
57
   
209,171
   
209,228
 
Commercial
  
-
   
-
   
1,801
   
1,801
   
154,001
   
155,802
 
Consumer & Other
  
5
   
-
   
15
   
20
   
4,701
   
4,721
 
Leases
  
-
   
-
   
-
   
-
   
18,168
   
18,168
 
Total
 
$
60
  
$
-
  
$
3,133
  
$
3,193
  
$
1,359,837
  
$
1,363,030
 

 
 
30-89 Days
  
90 Days and
  
  
Total Past
  
  
Total
 
December 31, 2013
 
Past Due
  
Still Accruing
  
Nonaccrual
  
Due
  
Current
  
Loans
 
Loans & Leases:
 
  
  
  
  
  
 
Commercial Real Estate
 
$
773
  
$
-
  
$
-
  
$
773
  
$
406,741
  
$
407,514
 
Agricultural Real Estate
  
607
   
-
   
-
   
607
   
327,657
   
328,264
 
Real Estate Construction
  
-
   
-
   
-
   
-
   
41,092
   
41,092
 
Residential 1st Mortgages
  
-
   
-
   
324
   
324
   
150,968
   
151,292
 
Home Equity Lines & Loans
  
52
   
-
   
406
   
458
   
35,019
   
35,477
 
Agricultural
  
-
   
-
   
35
   
35
   
256,379
   
256,414
 
Commercial
  
-
   
-
   
1,815
   
1,815
   
148,583
   
150,398
 
Consumer & Other
  
19
   
-
   
16
   
35
   
5,017
   
5,052
 
Leases
  
-
   
-
   
-
   
-
   
12,733
   
12,733
 
Total
 
$
1,451
  
$
-
  
$
2,596
  
$
4,047
  
$
1,384,189
  
$
1,388,236
 

 
 
30-89 Days
  
90 Days and
  
  
Total Past
  
  
Total
 
March 31, 2013
 
Past Due
  
Still Accruing
  
Nonaccrual
  
Due
  
Current
  
Loans
 
Loans:
 
  
  
  
  
  
 
Commercial Real Estate
 
$
364
  
$
-
  
$
-
  
$
364
  
$
360,529
  
$
360,893
 
Agricultural Real Estate
  
893
   
-
   
5,335
   
6,228
   
312,595
   
318,823
 
Real Estate Construction
  
-
   
-
   
-
   
-
   
32,681
   
32,681
 
Residential 1st Mortgages
  
-
   
-
   
405
   
405
   
145,014
   
145,419
 
Home Equity Lines & Loans
  
275
   
-
   
195
   
470
   
39,671
   
40,141
 
Agricultural
  
-
   
-
   
3,237
   
3,237
   
178,488
   
181,725
 
Commercial
  
-
   
-
   
287
   
287
   
141,828
   
142,115
 
Consumer & Other
  
178
   
-
   
19
   
197
   
4,701
   
4,898
 
Total
 
$
1,710
  
$
-
  
$
9,478
  
$
11,188
  
$
1,215,507
  
$
1,226,695
 
 
Impaired loans
The following tables show information related to impaired loans & leases for the periods indicated (in thousands):

 
 
  
Unpaid
  
  
Average
  
Interest
 
 
 
Recorded
  
Principal
  
Related
  
Recorded
  
Income
 
March 31, 2014
 
Investment
  
Balance
  
Allowance
  
Investment
  
Recognized
 
With no related allowance recorded:
 
  
  
  
  
 
Commercial Real Estate
 
$
98
  
$
98
  
$
-
  
$
100
  
$
2
 
Home Equity Lines & Loans
  
677
   
686
   
-
   
339
   
-
 
Agricultural
  
32
   
41
   
-
   
34
   
-
 
Commercial
  
3,331
   
3,389
   
-
   
3,403
   
27
 
 
 
$
4,138
  
$
4,214
  
$
-
  
$
3,876
  
$
29
 
With an allowance recorded:
                    
Residential 1st Mortgages
 
$
411
  
$
443
  
$
82
  
$
590
  
$
1
 
Home Equity Lines & Loans
  
394
   
414
   
120
   
542
   
-
 
Agricultural
  
473
   
473
   
118
   
481
   
7
 
Commercial
  
1,627
   
1,657
   
814
   
1,634
   
-
 
Consumer & Other
  
48
   
51
   
48
   
49
   
1
 
 
 
$
2,953
  
$
3,038
  
$
1,182
  
$
3,296
  
$
9
 
Total
 
$
7,091
  
$
7,252
  
$
1,182
  
$
7,172
  
$
38
 

 
 
  
Unpaid
  
  
Average
  
Interest
 
 
 
Recorded
  
Principal
  
Related
  
Recorded
  
Income
 
December 31, 2013
 
Investment
  
Balance
  
Allowance
  
Investment
  
Recognized
 
With no related allowance recorded:
 
  
  
  
  
 
Commercial Real Estate
 
$
102
  
$
101
  
$
-
  
$
865
  
$
8
 
Agricultural Real Estate
  
-
   
-
   
-
   
2,185
   
-
 
Residential 1st Mortgages
  
-
   
-
   
-
   
450
   
11
 
Home Equity Lines and Loans
  
-
   
-
   
-
   
228
   
5
 
Agricultural
  
35
   
43
   
-
   
586
   
-
 
Commercial
  
3,474
   
3,532
   
-
   
939
   
13
 
 
 
$
3,611
  
$
3,676
  
$
-
  
$
5,253
  
$
37
 
With an allowance recorded:
                    
Commercial Real Estate
 
$
-
  
$
-
  
$
-
  
$
2
  
$
-
 
Agricultural Real Estate
  
-
   
-
   
-
   
823
   
-
 
Residential 1st Mortgages
  
769
   
826
   
154
   
254
   
6
 
Home Equity Lines and Loans
  
689
   
821
   
138
   
332
   
3
 
Agricultural
  
488
   
488
   
122
   
1,002
   
31
 
Commercial
  
1,641
   
1,657
   
820
   
1,072
   
6
 
Consumer & Other
  
50
   
53
   
50
   
126
   
3
 
 
 
$
3,637
  
$
3,845
  
$
1,284
  
$
3,611
  
$
49
 
Total
 
$
7,248
  
$
7,521
  
$
1,284
  
$
8,864
  
$
86
 

 
 
  
Unpaid
  
  
Average
  
Interest
 
 
 
Recorded
  
Principal
  
Related
  
Recorded
  
Income
 
March 31, 2013
 
Investment
  
Balance
  
Allowance
  
Investment
  
Recognized
 
With no related allowance recorded:
 
  
  
  
  
 
Commercial Real Estate
 
$
107
  
$
110
  
$
-
  
$
198
  
$
2
 
Agricultural Real Estate
  
3,508
   
3,500
   
-
   
4,473
   
-
 
Residential 1st Mortgages
  
736
   
782
   
-
   
697
   
3
 
Home Equity Lines & Loans
  
249
   
268
   
-
   
521
   
1
 
Agricultural
  
1,753
   
1,783
   
-
   
1,843
   
-
 
Commercial
  
103
   
110
   
-
   
105
   
2
 
 
 
$
6,456
  
$
6,553
  
$
-
  
$
7,837
  
$
8
 
With an allowance recorded:
                    
Commercial Real Estate
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 
Residential 1st Mortgages
  
-
   
-
   
-
   
-
   
-
 
Home Equity Lines & Loans
  
153
   
196
   
153
   
174
   
-
 
Agricultural
  
1,988
   
2,004
   
1,022
   
1,997
   
8
 
Commercial
  
143
   
144
   
210
   
144
   
2
 
Consumer & Other
  
345
   
354
   
58
   
203
   
1
 
 
 
$
4,470
  
$
4,532
  
$
1,706
  
$
3,439
  
$
11
 
Total
 
$
10,926
  
$
11,085
  
$
1,706
  
$
11,276
  
$
19
 
 
Loans by class modified as troubled debt restructured loans
The following table presents loans or leases by class modified as troubled debt restructured loans or leases during the three-month period ended March 31, 2014 (in thousands):

 
 
March 31, 2014
 
Troubled Debt Restructurings
 
Number of Loans
  
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
 
Residential 1st Mortgages
  
2
  
$
247
  
$
245
 
Agricultural
  
1
   
32
   
32
 
Total
  
3
  
$
279
  
$
277