XML 35 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2021
Allowance for Credit Losses [Abstract]  
Allocation of 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):

September 30, 2021
  
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- December 31, 2020
  
$
27,679
    
$
8,633
    
$
1,643
    
$
960
    
$
2,024
    
$
4,814
    
$
9,961
    
$
333
    
$
1,731
    
$
1,084
    
$
58,862
  
Charge-Offs
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
(33
)
    
-
      
-
      
(33
)
Recoveries
    
-
      
-
      
-
      
74
      
17
      
29
      
83
      
21
      
-
      
-
      
224
  
Provision
    
1,200
      
794
      
(210
)
    
(70
)
    
(129
)
    
(238
)
    
738
      
(23
)
    
(872
)
    
60
      
1,250
  
Ending Balance- September 30, 2021
  
$
28,879
    
$
9,427
    
$
1,433
    
$
964
    
$
1,912
    
$
4,605
    
$
10,782
    
$
298
    
$
859
    
$
1,144
    
$
60,303
  
Third Quarter Allowance for Credit Losses:
                                                                                  
Beginning Balance- June 30, 2021
  
$
28,890
    
$
9,107
    
$
1,405
    
$
957
    
$
1,899
    
$
4,552
    
$
9,920
    
$
281
    
$
1,639
    
$
1,579
    
$
60,229
  
Charge-Offs
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
(17
)
    
-
      
-
      
(17
)
Recoveries
    
-
      
-
      
-
      
15
      
6
      
24
      
38
      
8
      
-
      
-
      
91
  
Provision
    
(11
)
    
320
      
28
      
(8
)
    
7
      
29
      
824
      
26
      
(780
)
    
(435
)
    
-
  
Ending Balance- September 30, 2021
  
$
28,879
    
$
9,427
    
$
1,433
    
$
964
    
$
1,912
    
$
4,605
    
$
10,782
    
$
298
    
$
859
    
$
1,144
    
$
60,303
  
Ending Balance Individually Evaluated for Impairment
    
-
      
-
      
-
      
88
      
6
      
-
      
6
      
40
      
-
      
-
      
140
  
Ending Balance Collectively Evaluated for Impairment
    
28,879
      
9,427
      
1,433
      
876
      
1,906
      
4,605
      
10,776
      
258
      
859
      
1,144
      
60,163
  
Loans & Leases:
                                                                                        
Ending Balance
  
$
1,114,149
    
$
656,337
    
$
178,451
    
$
309,728
    
$
31,664
    
$
235,085
    
$
394,326
    
$
129,665
    
$
90,396
    
$
-
    
$
3,139,801
  
Ending Balance Individually Evaluated for Impairment
    
74
      
-
      
-
      
1,764
      
112
      
6,129
      
218
      
178
      
-
      
-
      
8,475
  
Ending Balance Collectively Evaluated for Impairment
  
$
1,114,075
    
$
656,337
    
$
178,451
    
$
307,964
    
$
31,552
    
$
228,956
    
$
394,108
    
$
129,487
    
$
90,396
    
$
-
    
$
3,131,326
  

December 31, 2020
  
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- December 31, 2019
  
$
11,053
    
$
15,128
    
$
1,949
    
$
855
    
$
2,675
    
$
8,076
    
$
11,466
    
$
456
    
$
3,162
    
$
192
    
$
55,012
  
Charge-Offs
    
-
      
-
      
-
      
-
      
(7
)
    
-
      
(1,101
)
    
(66
)
    
-
      
-
      
(1,174
)
Recoveries
    
-
      
-
      
-
      
52
      
78
      
81
      
280
      
33
      
-
      
-
      
524
  
Provision
    
16,626
      
(6,495
)
    
(306
)
    
53
      
(722
)
    
(3,343
)
    
(684
)
    
(90
)
    
(1,431
)
    
892
      
4,500
  
Ending Balance- December 31, 2020
  
$
27,679
    
$
8,633
    
$
1,643
    
$
960
    
$
2,024
    
$
4,814
    
$
9,961
    
$
333
    
$
1,731
    
$
1,084
    
$
58,862
  
Ending Balance Individually Evaluated for Impairment
    
-
      
-
      
-
      
117
      
8
      
92
      
20
      
52
      
-
      
-
      
289
  
Ending Balance Collectively Evaluated for Impairment
    
27,679
      
8,633
      
1,643
      
843
      
2,016
      
4,722
      
9,941
      
281
      
1,731
      
1,084
      
58,573
  
Loans & Leases:
                                                                                        
Ending Balance
  
$
958,980
    
$
643,014
    
$
185,741
    
$
299,379
    
$
34,239
    
$
264,372
    
$
374,816
    
$
235,529
    
$
103,522
    
$
-
    
$
3,099,592
  
Ending Balance Individually Evaluated for Impairment
    
104
      
5,629
      
-
      
2,365
      
158
      
495
      
233
      
254
      
-
      
-
      
9,238
  
Ending Balance Collectively Evaluated for Impairment
  
$
958,876
    
$
637,385
    
$
185,741
    
$
297,014
    
$
34,081
    
$
263,877
    
$
374,583
    
$
235,275
    
$
103,522
    
$
-
    
$
3,090,354
  

September 30, 2020
  
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- December 31, 2019
  
$
11,053
    
$
15,128
    
$
1,949
    
$
855
    
$
2,675
    
$
8,076
    
$
11,466
    
$
456
    
$
3,162
    
$
192
    
$
55,012
  
Charge-Offs
    
-
      
-
      
-
      
-
      
(7
)
    
-
      
(426
)
    
(54
)
    
-
      
-
      
(487
)
Recoveries
    
-
      
-
      
-
      
49
      
65
      
54
      
80
      
25
      
-
      
-
      
273
  
Provision
    
13,236
      
(6,336
)
    
(381
)
    
45
      
(617
)
    
(3,458
)
    
(1,127
)
    
(63
)
    
(248
)
    
949
      
2,000
  
Ending Balance- September 30, 2020
  
$
24,289
    
$
8,792
    
$
1,568
    
$
949
    
$
2,116
    
$
4,672
    
$
9,993
    
$
364
    
$
2,914
    
$
1,141
    
$
56,798
  
Third Quarter Allowance for Credit Losses:
                                                                                  
Beginning Balance- June 30, 2020
  
$
21,423
    
$
9,021
    
$
1,452
    
$
1,771
    
$
2,239
    
$
4,790
    
$
10,043
    
$
359
    
$
2,800
    
$
1,160
    
$
55,058
  
Charge-Offs
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
(25
)
    
-
      
-
      
(25
)
Recoveries
    
-
      
-
      
-
      
3
      
31
      
24
      
-
      
7
      
-
      
-
      
65
  
Provision
    
2,866
      
(229
)
    
116
      
(825
)
    
(154
)
    
(142
)
    
(50
)
    
23
      
114
      
(19
)
    
1,700
  
Ending Balance- September 30, 2020
  
$
24,289
    
$
8,792
    
$
1,568
    
$
949
    
$
2,116
    
$
4,672
    
$
9,993
    
$
364
    
$
2,914
    
$
1,141
    
$
56,798
  
Ending Balance Individually Evaluated for Impairment
    
-
      
-
      
-
      
118
      
8
      
92
      
13
      
56
      
-
      
-
      
287
  
Ending Balance Collectively Evaluated for Impairment
    
24,289
      
8,792
      
1,568
      
831
      
2,108
      
4,580
      
9,980
      
308
      
2,914
      
1,141
      
56,511
  
Loans & Leases:
                                                                                        
Ending Balance
  
$
871,623
    
$
639,172
    
$
186,623
    
$
293,489
    
$
35,875
    
$
252,031
    
$
367,052
    
$
359,697
    
$
106,369
    
$
-
    
$
3,111,931
  
Ending Balance Individually Evaluated for Impairment
    
108
      
5,629
      
-
      
2,390
      
164
      
498
      
235
      
194
      
-
      
-
      
9,218
  
Ending Balance Collectively Evaluated for Impairment
  
$
871,515
    
$
633,543
    
$
186,623
    
$
291,099
    
$
35,711
    
$
251,533
    
$
366,817
    
$
359,503
    
$
106,369
    
$
-
    
$
3,102,713
  
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings
The following tables show the loan & lease portfolio, including unearned income, allocated by management’s internal risk ratings at the dates indicated (in thousands):

September 30, 2021
  
Pass(1)
    
Special
Mention
    
Substandard
    
Total Loans
& Leases
  
Loans & Leases:
                        
Commercial Real Estate
  
$
1,098,929
    
$
7,371
    
$
7,849
    
$
1,114,149
  
Agricultural Real Estate
    
646,486
      
3,312
      
6,539
      
656,337
  
Real Estate Construction
    
178,451
      
-
      
-
      
178,451
  
Residential 1st Mortgages
    
308,960
      
-
      
768
      
309,728
  
Home Equity Lines & Loans
    
31,490
      
-
      
174
      
31,664
  
Agricultural
    
233,493
      
1,018
      
574
      
235,085
  
Commercial
    
384,660
      
8,970
      
696
      
394,326
  
Consumer & Other
    
129,450
      
-
      
215
      
129,665
  
Leases
    
90,396
      
-
      
-
      
90,396
  
Total
  
$
3,102,315
    
$
20,671
    
$
16,815
    
$
3,139,801
  

(1)
Includes "Watch" loans of $954.4 million.

December 31, 2020
  
Pass(1)
    
Special
Mention
    
Substandard
    
Total Loans
& Leases
  
Loans & Leases:
                        
Commercial Real Estate
  
$
946,621
    
$
7,849
    
$
4,510
    
$
958,980
  
Agricultural Real Estate
    
631,043
      
400
      
11,571
      
643,014
  
Real Estate Construction
    
185,741
      
-
      
-
      
185,741
  
Residential 1st Mortgages
    
298,689
      
-
      
690
      
299,379
  
Home Equity Lines & Loans
    
34,058
      
-
      
181
      
34,239
  
Agricultural
    
263,781
      
96
      
495
      
264,372
  
Commercial
    
373,038
      
1,060
      
718
      
374,816
  
Consumer & Other
    
235,063
      
-
      
466
      
235,529
  
Leases
    
103,522
      
-
      
-
      
103,522
  
Total
  
$
3,071,556
    
$
9,405
    
$
18,631
    
$
3,099,592
  

(1)
Includes "Watch" loans of $958.2 million.

September 30, 2020
  
Pass(1)
    
Special
Mention
    
Substandard
    
Total Loans
& Leases
  
Loans & Leases:
                        
Commercial Real Estate
  
$
861,874
    
$
5,239
    
$
4,510
    
$
871,623
  
Agricultural Real Estate
    
624,859
      
1,525
      
12,788
      
639,172
  
Real Estate Construction
    
186,623
      
-
      
-
      
186,623
  
Residential 1st Mortgages
    
292,792
      
-
      
697
      
293,489
  
Home Equity Lines & Loans
    
35,691
      
-
      
184
      
35,875
  
Agricultural
    
251,108
      
-
      
923
      
252,031
  
Commercial
    
364,465
      
1,316
      
1,271
      
367,052
  
Consumer & Other
    
359,194
      
-
      
503
      
359,697
  
Leases
    
106,369
      
-
      
-
      
106,369
  
Total
  
$
3,082,975
    
$
8,080
    
$
20,876
    
$
3,111,931
  

(1)
Includes "Watch" loans of $947.4 million.
Aging Analysis of Loan & Lease Portfolio by Past Due
The following tables show an aging analysis of the loan & lease portfolio, including unearned income, past due at the dates indicated (in thousands):

September 30, 2021
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days and
Still Accruing
    
Nonaccrual
    
Total Past
Due
    
Current
    
Total
Loans & Leases
  
Loans & Leases:
                                          
Commercial Real Estate
  
$
453
    
$
-
    
$
-
    
$
-
    
$
453
    
$
1,113,696
    
$
1,114,149
  
Agricultural Real Estate
    
-
      
-
      
-
      
19
      
19
      
656,318
      
656,337
  
Real Estate Construction
    
-
      
-
      
-
      
-
      
-
      
178,451
      
178,451
  
Residential 1st Mortgages
    
102
      
-
      
-
      
-
      
102
      
309,626
      
309,728
  
Home Equity Lines & Loans
    
-
      
-
      
-
      
-
      
-
      
31,664
      
31,664
  
Agricultural
    
-
      
-
      
-
      
497
      
497
      
234,588
      
235,085
  
Commercial
    
50
      
-
      
-
      
-
      
50
      
394,276
      
394,326
  
Consumer & Other
    
5
      
-
      
-
      
-
      
5
      
129,660
      
129,665
  
Leases
    
-
      
-
      
-
      
-
      
-
      
90,396
      
90,396
  
Total
  
$
610
    
$
-
    
$
-
    
$
516
    
$
1,126
    
$
3,138,675
    
$
3,139,801
  

December 31, 2020
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days and
Still Accruing
    
Nonaccrual
    
Total Past
Due
    
Current
    
Total
Loans & Leases
  
Loans & Leases:
                                          
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
958,980
    
$
958,980
  
Agricultural Real Estate
    
-
      
-
      
-
      
495
      
495
      
642,519
      
643,014
  
Real Estate Construction
    
-
      
-
      
-
      
-
      
-
      
185,741
      
185,741
  
Residential 1st Mortgages
    
-
      
-
      
-
      
-
      
-
      
299,379
      
299,379
  
Home Equity Lines & Loans
    
-
      
-
      
-
      
-
      
-
      
34,239
      
34,239
  
Agricultural
    
-
      
-
      
-
      
-
      
-
      
264,372
      
264,372
  
Commercial
    
-
      
-
      
-
      
-
      
-
      
374,816
      
374,816
  
Consumer & Other
    
11
      
-
      
-
      
-
      
11
      
235,518
      
235,529
  
Leases
    
-
      
-
      
-
      
-
      
-
      
103,522
      
103,522
  
Total
  
$
11
    
$
-
    
$
-
    
$
495
    
$
506
    
$
3,099,086
    
$
3,099,592
  

September 30, 2020
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days and
Still Accruing
    
Nonaccrual
    
Total Past
Due
    
Current
    
Total
Loans & Leases
  
Loans & Leases:
                                          
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
871,623
    
$
871,623
  
Agricultural Real Estate
    
-
      
-
      
-
      
498
      
498
      
638,674
      
639,172
  
Real Estate Construction
    
85
      
-
      
-
      
-
      
85
      
186,538
      
186,623
  
Residential 1st Mortgages
    
-
      
-
      
-
      
-
      
-
      
293,489
      
293,489
  
Home Equity Lines & Loans
    
-
      
-
      
-
      
-
      
-
      
35,875
      
35,875
  
Agricultural
    
-
      
-
      
-
      
-
      
-
      
252,031
      
252,031
  
Commercial
    
547
      
-
      
-
      
-
      
547
      
366,505
      
367,052
  
Consumer & Other
    
67
      
-
      
-
      
-
      
67
      
359,630
      
359,697
  
Leases
    
-
      
-
      
-
      
-
      
-
      
106,369
      
106,369
  
Total
  
$
699
    
$
-
    
$
-
    
$
498
    
$
1,197
    
$
3,110,734
    
$
3,111,931
  
Impaired Loans & Leases
The following tables show information related to impaired loans & leases for the periods indicated (in thousands):

                     
Three Months Ended
September 30, 2021
    
Nine Months Ended
September 30, 2021
  
September 30, 2021
  
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                                          
Commercial Real Estate
  
$
65
    
$
65
    
$
-
    
$
73
    
$
1
    
$
52
    
$
2
  
Agricultural Real Estate
    
5,613
      
5,613
      
-
      
5,621
      
88
      
5,626
      
324
  
Agricultural
    
516
      
559
      
-
      
504
      
12
      
415
      
46
  
Commercial
    
8
      
8
      
-
      
9
      
-
      
5
      
-
  
   
$
6,202
    
$
6,245
    
$
-
    
$
6,207
    
$
101
    
$
6,098
    
$
372
  
With an allowance recorded:
                                                        
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
28
    
$
3
  
Residential 1st Mortgages
    
1,503
      
1,719
      
75
      
1,585
      
16
      
1,638
      
52
  
Home Equity Lines & Loans
    
60
      
71
      
3
      
61
      
1
      
62
      
3
  
Agricultural
    
-
      
-
      
-
      
-
      
-
      
82
      
-
  
Commercial
    
210
      
210
      
6
      
213
      
4
      
222
      
12
  
Consumer & Other
    
178
      
179
      
40
      
181
      
3
      
185
      
10
  
   
$
1,951
    
$
2,179
    
$
124
    
$
2,040
    
$
24
    
$
2,217
    
$
80
  
Total
  
$
8,153
    
$
8,424
    
$
124
    
$
8,247
    
$
125
    
$
8,315
    
$
452
  

December 31, 2020
  
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                              
Commercial Real Estate
  
$
84
    
$
84
    
$
-
    
$
764
    
$
35
  
Agricultural Real Estate
    
5,629
      
5,629
      
-
      
5,629
      
352
  
Agricultural
    
3
      
3
      
-
      
2
      
-
  
Commercial
    
-
      
-
      
-
      
377
      
16
  
   
$
5,716
    
$
5,716
    
$
-
    
$
6,772
    
$
403
  
With an allowance recorded:
                                        
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
21
    
$
1
  
Agricultural Real Estate
    
-
      
-
      
-
      
137
      
-
  
Residential 1st Mortgages
    
1,671
      
1,895
      
84
      
1,652
      
76
  
Home Equity Lines & Loans
    
64
      
75
      
3
      
66
      
4
  
Agricultural
    
492
      
534
      
92
      
410
      
59
  
Commercial
    
234
      
234
      
13
      
123
      
18
  
Consumer & Other
    
190
      
191
      
56
      
194
      
13
  
   
$
2,651
    
$
2,929
    
$
248
    
$
2,603
    
$
171
  
Total
  
$
8,367
    
$
8,645
    
$
248
    
$
9,375
    
$
574
  

                   
Three Months Ended
September 30, 2020
    
Nine Months Ended
September 30, 2020
  
September 30, 2020
  
Recorded
Investment
    
Unpaid
Principal
Balance
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                          
Commercial Real Estate
  
$
84
    
$
84
    
$
-
    
$
42
    
$
2
    
$
991
    
$
33
  
Agricultural Real Estate
    
5,629
      
5,629
      
-
      
5,629
      
88
      
5,633
      
264
  
Agricultural
     5
       6
       -
       3
       -
       1
       -
  
Commercial
    
-
      
-
      
-
      
-
      
-
      
503
      
16
  
   
$
5,718
    
$
5,719
    
$
-
    
$
5,674
    
$
90
    
$
7,128
    
$
313
  
With an allowance recorded:
                                          
Commercial Real Estate
  
$
-
    
$
-
    
$
-
    
$
42
    
$
-
    
$
498
    
$
1
  
Agricultural Real Estate
    
-
      
-
      
-
      
-
      
-
      
183
      
-
  
Residential 1st Mortgages
    
1,686
      
1,909
      
84
      
1,694
      
18
      
1,625
      
58
  
Home Equity Lines & Loans
    
65
      
76
      
3
      
66
      
1
      
67
      
3
  
Agricultural
    
492
      
534
      
92
      
483
      
7
      
333
      
52
  
Commercial
    
235
      
235
      
13
      
123
      
13
      
301
      
15
  
Consumer & Other
    
194
      
195
      
56
      
195
      
3
      
196
      
10
  
   
$
2,672
    
$
2,949
    
$
248
    
$
2,603
    
$
42
    
$
3,203
    
$
139
  
Total
  
$
8,390
    
$
8,668
    
$
248
    
$
8,277
    
$
132
    
$
10,331
    
$
452
  
Loans or Leases 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 for the year ended December 31, 2020 (in thousands):

 
December 31, 2020
  
Troubled Debt Restructurings
  
Number of
Loans
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-Modification
Outstanding
Recorded
Investment
  
Residential 1st Mortgages
    
2
    
$
156
    
$
156
  
Agricultural
    
3
      
495
      
495
  
Commercial
    
1
      
224
      
224
  
Total
    
6
    
$
875
    
$
875
  


The following table presents loans or leases by class modified as troubled debt restructured loans or leases during the three and nine-month periods ended September 30, 2020 (in thousands):

 
Three Months Ended
September 30, 2020
    
Nine Months Ended
September 30, 2020
  
Troubled Debt Restructurings
  
Number of
Loans
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-Modification
Outstanding
Recorded
Investment
    
Number of
Loans
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-Modification
Outstanding
Recorded
Investment
  
Residential 1st Mortgages
    
-
    
$
-
    
$
-
      
2
    
$
156
    
$
156
  
Agricultural
    
-
      
-
      
-
      
3
      
495
      
495
  
Commercial
     1
       224
       224
       1
       224
       224
  
Total
    
1
    
$
224
    
$
224
      
6
    
$
875
    
$
875