XML 35 R24.htm IDEA: XBRL DOCUMENT v3.24.3
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]  
Loan Portfolio, by Loan Class
The composition of the Company’s loan portfolio, by loan class, as of September 30, 2024 and December 31, 2023 was as follows:
 
($ in thousands)
  
September 30, 2024
    
December 31, 2023
  
 
            
Commercial
  
$
109,380
    
$
106,897
  
Commercial Real Estate
    
724,986
      
721,729
  
Agriculture
    
94,994
      
105,838
  
Residential Mortgage
    
106,049
      
107,328
  
Residential Construction
    
7,055
      
12,323
  
Consumer
    
16,227
      
14,868
  
                 
 
    
1,058,691
      
1,068,983
  
Allowance for credit losses
    
(16,422
)
    
(16,596
)
Deferred origination fees and costs, net
    
35
      
78
  
                 
Loans, net
  
$
1,042,304
    
$
1,052,465
  
Activity in ACL on Loans by Loan Class
The following tables summarize the activity in the allowance for credit losses on loans which is recorded as a contra asset, and the reserve for unfunded commitments which is recorded on the balance sheet within other liabilities as of and for the three and nine months ended September 30, 2024.

   
Allowance for credit losses – Three months ended September 30, 2024
  
($ in thousands)
  
Beginning balance
    
Charge-offs
    
Recoveries
    
Provision
(recovery)
    
Ending
Balance
  
Commercial
  
$
2,359
    
$
(49
)
  
$
—
    
$
(739
)
  
$
1,571
  
Commercial Real Estate
    
10,439
      
—
      
—
      
83
      
10,522
  
Agriculture
    
1,680
      
—
      
—
      
(29
)
    
1,651
  
Residential Mortgage
    
1,862
      
—
      
—
      
50
      
1,912
  
Residential Construction
    
380
      
—
      
—
      
86
      
466
  
Consumer
    
304
      
(5
)
    
2
      
(1
)
    
300
  
Allowance for credit losses on loans
    
17,024
      
(54
)
    
2
      
(550
)
    
16,422
  
Reserve for unfunded commitments
    
950
      
—
      
—
      
—
      
950
  
Total
  
$
17,974
    
$
(54
)
  
$
2
    
$
(550
)
  
$
17,372
  

   
Allowance for credit losses – Nine months ended September 30, 2024
  
($ in thousands)
  
Beginning balance
    
Charge-offs
    
Recoveries
    
Provision
(recovery)
   
Ending
Balance
  
Commercial
  
$
2,041
    
$
(606
)
  
$
47
    
$
89
    
$
1,571
  
Commercial Real Estate
    
10,864
      
—
      
—
      
(342
)
    
10,522
  
Agriculture
    
997
      
—
      
—
      
654
      
1,651
  
Residential Mortgage
    
2,005
      
—
      
—
      
(93
)
    
1,912
  
Residential Construction
    
334
      
—
      
—
      
132
      
466
  
Consumer
    
355
      
(19
)
    
4
      
(40
)
    
300
  
Allowance for credit losses on loans
    
16,596
      
(625
)
    
51
      
400
      
16,422
  
Reserve for unfunded commitments
    
1,150
      
—
      
—
      
(200
)
    
950
  
Total
  
$
17,746
    
$
(625
)
  
$
51
    
$
200
    
$
17,372
  

The following tables summarize the activity in the allowance for credit losses on loans which is recorded as a contra asset, and the reserve for unfunded commitments which is recorded on the balance sheet within other liabilities as of and for the three and nine months ended September 30, 2023.

   
Allowance for credit losses – Three months ended September 30, 2023
  
($ in thousands)
  
Beginning balance
    
Charge-offs
    
Recoveries
    
Provision
(recovery)
    
Ending
Balance
  
Commercial
  
$
1,792
    
$
(91
)
  
$
20
    
$
39
    
$
1,760
  
Commercial Real Estate
    
10,139
      
—
      
—
      
584
      
10,723
  
Agriculture
    
947
      
—
      
—
      
86
      
1,033
  
Residential Mortgage
    
1,840
      
—
      
—
      
89
      
1,929
  
Residential Construction
    
491
      
—
      
—
      
(154
)
    
337
  
Consumer
    
370
      
(9
)
    
—
      
6
      
367
  
Allowance for credit losses on loans
    
15,579
      
(100
)
    
20
      
650
      
16,149
  
Reserve for unfunded commitments
    
1,200
      
—
      
—
      
(150
)
    
1,050
  
Total
  
$
16,779
    
$
(100
)
  
$
20
    
$
500
    
$
17,199
  

   
Allowance for credit losses – Nine months ended September 30, 2023
  
($ in thousands)
  
Beginning balance
    
Adoption of CECL
    
Charge-offs
    
Recoveries
    
Provision
(recovery)
    
Ending
Balance
  
Commercial
  
$
1,491
    
$
689
    
$
(269
)
  
$
155
    
$
(306
)
  
$
1,760
  
Commercial Real Estate
    
10,259
      
(513
)
    
—
      
—
      
977
      
10,723
  
Agriculture
    
1,789
      
(742
)
    
(2,567
)
    
—
      
2,553
      
1,033
  
Residential Mortgage
    
896
      
923
      
(3
)
    
—
      
113
      
1,929
  
Residential Construction
    
181
      
221
      
—
      
—
      
(65
)
    
337
  
Consumer
    
176
      
222
      
(10
)
    
1
      
(22
)
    
367
  
Allowance for credit losses on loans
    
14,792
      
800
      
(2,849
)
    
156
      
3,250
      
16,149
  
Reserve for unfunded commitments
    
700
      
500
      
—
      
—
      
(150
)
    
1,050
  
Total
  
$
15,492
    
$
1,300
    
$
(2,849
)
  
$
156
    
$
3,100
    
$
17,199
  
Amortized Cost of Collateral Dependent Loans by Class The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses as of September 30, 2024 and December 31, 2023:

September 30, 2024
  
($ in thousands)
  
Secured by 1-4 Family
Residential Properties-
1st lien
    
Secured by 1-4 Family
Residential Properties-
junior lien
    
Secured by 1-4 Family
Residential Properties-
revolving
    
Secured by owner-occupied,
nonfarm nonresidential
properties
  
Commercial
  
$
—
    
$
—
    
$
—
    
$
—
  
Commercial Real Estate
    
—
      
—
      
—
      
466
  
Agriculture
    
—
      
—
      
—
      
—
  
Residential Mortgage
    
469
      
—
      
—
      
—
  
Residential Construction
    
—
      
—
      
—
      
—
  
Consumer
    
—
      
298
      
263
      
—
  
Total
  
$
469
    
$
298
    
$
263
    
$
466
  

($ in thousands)
  
Commercial
    
Construction and land
development
    
Secured by
farmland
    
Agriculture
production loans
    
Total
  
Commercial
  
$
139
    
$
—
    
$
—
    
$
—
    
$
139
  
Commercial Real Estate
    
—
      
—
      
—
      
—
      
466
  
Agriculture
    
—
      
—
      
787
      
1,593
      
2,380
  
Residential Mortgage
    
—
      
—
      
—
      
—
      
469
  
Residential Construction
    
—
      
—
      
—
      
—
      
—
  
Consumer
    
—
      
—
      
—
      
—
      
561
  
Total
  
$
139
    
$
—
    
$
787
    
$
1,593
    
$
4,015
  

December 31, 2023
  
($ in thousands)
  
Secured by 1-4 Family
Residential Properties-
1st lien
    
Secured by 1-4 Family
Residential Properties-
junior lien
    
Secured by 1-4 Family
Residential Properties-
revolving
    
Secured by owner-occupied,
nonfarm nonresidential
 properties
  
Commercial
  
$
—
    
$
—
    
$
—
    
$
—
  
Commercial Real Estate
    
—
      
—
      
—
      
—
  
Agriculture
    
—
      
—
      
—
      
—
  
Residential Mortgage
    
424
      
—
      
—
      
—
  
Residential Construction
    
—
      
—
      
—
      
—
  
Consumer
    
—
      
351
      
352
      
—
  
Total
  
$
424
    
$
351
    
$
352
    
$
—
  

($ in thousands)
  
Commercial
    
Construction and land
development
    
Secured by
farmland
    
Agriculture
production loans
    
Total
  
Commercial
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  
Commercial Real Estate
    
—
      
—
      
—
      
—
      
—
  
Agriculture
    
—
      
—
      
946
      
1,925
      
2,871
  
Residential Mortgage
    
—
      
—
      
—
      
—
      
424
  
Residential Construction
    
—
      
—
      
—
      
—
      
—
  
Consumer
    
—
      
—
      
—
      
—
      
703
  
Total
  
$
—
    
$
—
    
$
946
    
$
1,925
    
$
3,998
  
Loans by Delinquency and Non-Accrual Status
The Company’s loans by delinquency and non-accrual status, as of September 30, 2024 and December 31, 2023, was as follows:

($ in thousands)
  
30-59 days
Past Due
&
Accruing
    
60-89 days
Past Due
&
Accruing
    
90 days or
More Past
Due &
Accruing
    
Nonaccrual
Loans
   
Total Past
Due
&
Nonaccrual
Loans
    
Current &
Accruing
Loans
   
Total Loans
    
Nonaccrual
loans with
No ACL
  
September 30, 2024
                                                
Commercial
  
$
603
    
$
41
    
$
48
    
$
139
     $ 831     $ 108,549    
$
109,380
     $ 139  
Commercial Real Estate
    
—
      
—
      
—
      
466
       466       724,520      
724,986
       466  
Agriculture
    
—
      
2
      
—
      
2,380
       2,382       92,612      
94,994
       2,380  
Residential Mortgage
    
116
      
81
      
—
      
469
       666       105,383      
106,049
       469  
Residential Construction
    
—
      
—
      
—
      
—
       —       7,055      
7,055
       —  
Consumer
    
—
      
100
      
—
      
561
       661       15,566      
16,227
       561  
Total
  
$
719
    
$
224
    
$
48
    
$
4,015
     $ 5,006     $ 1,053,685    
$
1,058,691
     $ 4,015  
 
                                                                
December 31, 2023
                                                                
Commercial
  
$
91
    
$
178
    
$
—
    
$
—
     $ 269     $ 106,628    
$
106,897
     $ —  
Commercial Real Estate
    
—
      
—
      
—
      
—
       —       721,729      
721,729
       —  
Agriculture
    
—
      
—
      
—
      
2,871
       2,871       102,967      
105,838
       2,871  
Residential Mortgage
    
976
      
—
      
916
      
424
       2,316       105,012      
107,328
       424  
Residential Construction
    
—
      
—
      
3,420
      
—
       3,420       8,903      
12,323
       —  
Consumer
    
194
      
—
      
—
      
703
       897       13,971      
14,868
       703  
Total
  
$
1,261
    
$
178
    
$
4,336
    
$
3,998
     $ 9,773     $ 1,059,210    
$
1,068,983
     $ 3,998  
Amortized Cost Basis of Loans Modification to Borrowers Experiencing Financial Difficulty and Financial Effects of Loan Modifications
The amortized cost basis of loans that were experiencing both financial difficulty and modification during the three months ended September 30, 2024 were as follows:

($ in thousands)
  
Term Extension
    
Combination Term Extension
and Interest Rate Reduction
    
Total Class of Financing
Receivable
  

                 
Commercial
  
$
11
    
$
47
      
0.05
%
Commercial Real Estate
    
—
      
—
      
—
  
Agriculture
    
—
      
—
      
—
  
Residential Mortgage
    
—
      
—
      
—
  
Residential Construction
    
—
      
—
      
—
  
Consumer
    
—
      
—
      
—
  
Total
  
$
11
    
$
47
      
0.01
%

The amortized cost basis of loans that were experiencing both financial difficulty and modification during the nine months ended September 30, 2024 were as follows:

($ in thousands)
  
Term Extension
    
Combination Term Extension
and Interest Rate Reduction
    
Total Class of Financing
Receivable
  
                   
Commercial
  
$
2,102
    
$
47
      
1.96
%
Commercial Real Estate
    
—
      
—
      
—
  
Agriculture
    
—
      
—
      
—
  
Residential Mortgage
    
—
      
—
      
—
  
Residential Construction
    
—
      
—
      
—
  
Consumer
    
—
      
—
      
—
  
Total
  
$
2,102
    
$
47
      
0.20
%

The amortized cost basis of loans that were experiencing both financial difficulty and modification during the three months ended September 30, 2023 were as follows:

($ in thousands)
  
Term Extension
    
Combination Term Extension
and Interest Rate Reduction
    
Total Class of Financing
Receivable
  
                   
Commercial
  
$
—
    
$
—
      
—
  
Commercial Real Estate
    
—
      
—
      
—
  
Agriculture
    
—
      
—
      
—
  
Residential Mortgage
    
—
      
—
      
—
  
Residential Construction
    
3,420
      
—
      
24.39
%
Consumer
    
—
      
—
      
—
  
Total
  
$
3,420
    
$
—
      
0.32
%

The amortized cost basis of loans that were experiencing both financial difficulty and modification during the nine months ended September 30, 2023 were as follows:

($ in thousands)
  
Term Extension
    
Combination Term Extension
and Interest Rate Reduction
    
Total Class of Financing
Receivable
  
                   
Commercial
  
$
—
    
$
44
      
0.05
%
Commercial Real Estate
    
—
      
398
      
0.06
%
Agriculture
    
4,005
      
—
      
3.64
%
Residential Mortgage
    
—
      
—
      
—
  
Residential Construction
    
3,420
      
—
      
24.39
%
Consumer
    
—
      
—
      
—
  
Total
  
$
7,425
    
$
442
      
0.75
%

The Company had no commitments to lend additional funds to borrowers whose loans were modified at September 30, 2024.

The following table presents the financial effect of the loan modifications to borrowers experiencing financial difficulty during the three-month period ended September 30, 2024:


  
Weighted-Average
Interest Rate
Reduction
    
Weighted-Average
Term Extension (in
months)
  
Commercial
    
3.00
%
    
19
  
Commercial Real Estate
    
—
      
—
  
Agriculture
    
—
      
—
  
Residential Mortgage
    
—
      
—
  
Residential Construction
    
—
      
—
  
Consumer
    
—
      
—
  
Total
    
3.00
%
    
19
  

The following table presents the financial effect of the loan modifications to borrowers experiencing financial difficulty during the nine-month period ended September 30, 2024:


  
Weighted-Average
Interest Rate
Reduction
    
Weighted-Average
Term Extension (in
months)
  
Commercial
    
3.00
%
  
9
  
Commercial Real Estate
    
—
   
—
  
Agriculture
    
—
      
—
  
Residential Mortgage
    
—
      
—
  
Residential Construction
    
—
      
—
  
Consumer
    
—
      
—
  
Total
    
3.00
%
  
9
  

The following table presents the financial effect of the loan modifications to borrowers experiencing financial difficulty during the three-month period ended September 30, 2023:


  
Weighted-Average
Interest Rate
Reduction
    
Weighted-Average
Term Extension (in
months)
  
Commercial
    
—
    
 
—
  
Commercial Real Estate
    
—
   
—
  
Agriculture
    
—
      
—
  
Residential Mortgage
    
—
      
—
  
Residential Construction
    
—
      
1
  
Consumer
    
—
      
—
  
Total
    
—
 
1
  

The following table presents the financial effect of the loan modifications to borrowers experiencing financial difficulty during the nine-month period ended September 30, 2023:


  
Weighted-Average
Interest Rate
Reduction
    
Weighted-Average
Term Extension (in
months)
  
Commercial
    
0.50
%
  
38
  
Commercial Real Estate
    
0.25
%
    
26
  
Agriculture
    
—
      
4
  
Residential Mortgage
    
—
      
—
  
Residential Construction
    
—
      
1
  
Consumer
    
—
      
—
  
Total
    
0.27
%
  
4
  
Risk Ratings by Loan Class
The following tables present the loan portfolio by loan class, origination year, and internal risk rating as of September 30, 2024. Generally, existing term loans that were re-underwritten are reflected in the table in the year of renewal. Lines of credit that have a conversion feature at the time of origination, such as construction to permanent loans, are presented by year of origination. Revolving loans converted to term loans totaled $6,718,000 as of September 30, 2024.


(in thousands)
                                                
   
Term Loans Amortized Cost Basis by Origination Year - As of September 30, 2024
              
   
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Revolving
Loans
Amortized
Cost Basis
    
Total
  
Commercial
                                                
Pass
  
$
28,566
    
$
17,624
    
$
12,776
    
$
13,570
    
$
4,091
    
$
8,495
     $ 18,645    
$
103,767
  
Special Mention
    
—
      
—
      
891
      
1,807
      
—
      
—
       1,590      
4,288
  
Substandard
    
559
      
41
      
—
      
—
      
349
      
—
       237      
1,186
  
Doubtful/Loss
     —       —       —       —       139       —       —       139  
Total Commercial loans
  
$
29,125
     $ 17,665    
$
13,667
    
$
15,377
    
$
4,579
    
$
8,495
     $ 20,472    
$
109,380
  
Year-to-date Period Charge-offs
    
—
      
(162
)
    
(224
)
    
(5
)
    
(13
)
    
(2
)
     (200 )    
(606
)
Year-to-date Recoveries
    
—
      
—
      
4
      
—
      
—
      
43
       —      
47
  
Year-to-date Net Charge-offs
    
—
      
(162
)
    
(220
)
    
(5
)
    
(13
)
    
41
       (200 )    
(559
)
                                                                 
Commercial Real Estate
                                                                
Pass
  
$
67,094
    
$
111,516
    
$
171,046
    
$
161,470
    
$
40,235
    
$
136,443
     $ 6,616    
$
694,420
  
Special Mention
    
516
      
—
      
—
      
7,845
      
—
      
9,231
       —      
17,592
  
Substandard
    
—
      
385
      
1,003
      
2,536
      
1,650
      
7,400
       —      
12,974
  
Doubtful/Loss
     —       —       —       —       —       —       —       —  
Total Commercial Real Estate loans
  
$
67,610
     $ 111,901    
$
172,049
    
$
171,851
    
$
41,885
    
$
153,074
     $ 6,616    
$
724,986
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
                                                                 
Agriculture
                                                                
Pass
  
$
4,428
    
$
6,621
    
$
16,939
    
$
20,367
    
$
6,471
      
10,828
     $ 21,983    
$
87,637
  
Special Mention
    
—
      
—
      
1,890
      
2,996
      
—
      
—
       —      
4,886
  
Substandard
    
—
      
—
      
—
      
787
      
—
      
—
       1,684      
2,471
  
Doubtful/Loss
     —       —       —       —       —       —       —       —  
Total Agriculture loans
  
$
4,428
     $ 6,621    
$
18,829
    
$
24,150
    
$
6,471
    
$
10,828
     $ 23,667    
$
94,994
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
 
(in thousands)
                                                
   
Term Loans Amortized Cost Basis by Origination Year - As of September 30, 2024
              
   
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Revolving
Loans
Amortized
Cost Basis
    
Total
  
Residential Mortgage
                                                
Pass
  
$
2,986
    
$
20,029
    
$
22,785
    
$
27,358
    
$
13,416
    
$
19,006
     $ —    
$
105,580
  
Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Substandard
    
79
      
—
      
—
      
36
      
—
      
354
       —      
469
  
Doubtful/Loss
     —       —       —       —       —       —       —       —  
Total Residential Mortgage loans
  
$
3,065
    
$
20,029
    
$
22,785
    
$
27,394
    
$
13,416
    
$
19,360
     $ —    
$
106,049
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
                                                                 
Residential Construction
                                                                
Pass
  
$
2,037
    
$
2,124
    
$
1,637
    
$
1,257
    
$
—
    
$
—
     $ —    
$
7,055
  
Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Substandard
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Doubtful/Loss
     —       —       —       —       —       —       —       —  
Total Residential Construction loans
  
$
2,037
    
$
2,124
    
$
1,637
    
$
1,257
    
$
—
    
$
—
     $ —    
$
7,055
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
                                                                 
Consumer
                                                                
Pass
  
$
240
    
$
161
    
$
1,139
    
$
117
    
$
125
    
$
274
     $ 13,610    
$
15,666
  
Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
       —      
—
  
Substandard
    
—
      
—
      
—
      
—
      
—
      
—
       561      
561
  
Doubtful/Loss
     —       —       —       —       —       —       —       —  
Total Consumer loans
  
$
240
    
$
161
    
$
1,139
    
$
117
    
$
125
    
$
274
     $ 14,171    
$
16,227
  
Year-to-date Charge-offs
    
(19
)
    
—
      
—
      
—
      
—
      
—
       —      
(19
)
Year-to-date Recoveries
    
2
      
—
      
—
      
—
      
—
      
2
       —      
4
  
Year-to-date Net Charge-offs
    
(17
)
    
—
      
—
      
—
      
—
      
2
       —      
(15
)
                                                                 
Total Loans                                                                
Pass
   $ 105,351     $ 158,075     $ 226,322     $ 224,139     $ 64,338     $ 175,046     $ 60,854     $ 1,014,125  
Special Mention
     516       —       2,781       12,648       —       9,231       1,590       26,766  
Substandard
     638       426       1,003       3,359       1,999       7,754       2,482       17,661  
Doubtful/Loss
     —       —       —       —       139       —       —       139  
Total Loans
  
$
106,505
    
$
158,501
    
$
230,106
    
$
240,146
    
$
66,476
    
$
192,031
     $ 64,926    
$
1,058,691
  
Year-to-date Charge-offs
  
$
(19
)
  
$
(162
)
  
$
(224
)
  
$
(5
)
  
$
(13
)
  
$
(2
)
   $ (200 )  
$
(625
)
Year-to-date Recoveries
  
$
2
    
$
—
    
$
4
    
$
—
    
$
—
    
$
45
     $ —    
$
51
  
Year-to-date Net Charge-offs
  
$
(17
)
  
$
(162
)
  
$
(220
)
  
$
(5
)
  
$
(13
)
  
$
43
     $ (200 )  
$
(574
)

(in thousands)
                                                
    Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023
             
    2023     2022     2021     2020     2019     Prior    
Revolving
Loans
Amortized
Cost Basis
     Total  
Commercial                                                
Pass
  
$
19,776
    
$
16,961
    
$
15,833
    
$
5,381
    
$
7,420
    
$
6,298
    
$
26,183
    
$
97,852
  
Special Mention
    
—
      
1,122
      
2,530
      
235
      
308
      
—
      
2,936
      
7,131
  
Substandard
    
—
      
32
      
1,152
      
542
      
—
      
—
      
188
      
1,914
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Commercial loans
  
$
19,776
    
$
18,115
    
$
19,515
    
$
6,158
    
$
7,728
    
$
6,298
    
$
29,307
    
$
106,897
  
Year-to-date Period Charge-offs
    
(47
)
    
(196
)
    
(36
)
    
—
      
(87
)
    
—
      
—
      
(366
)
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
87
      
148
      
—
      
235
  
Year-to-date Net Charge-offs
    
(47
)
    
(196
)
    
(36
)
    
—
      
—
      
148
      
—
      
(131
)
                                                                 
Commercial Real Estate
                                                                
Pass
  
$
115,807
    
$
173,918
    
$
191,907
    
$
50,150
    
$
52,157
    
$
107,909
    
$
6,879
    
$
698,727
  
Special Mention
    
—
      
—
      
7,448
      
—
      
2,869
      
1,273
      
—
      
11,590
  
Substandard
    
395
      
—
      
1,712
      
1,684
      
6,604
      
1,017
      
—
      
11,412
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Commercial Real Estate loans
  
$
116,202
    
$
173,918
    
$
201,067
    
$
51,834
    
$
61,630
    
$
110,199
    
$
6,879
    
$
721,729
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
                                                                 
Agriculture
                                                                
Pass
  
$
6,842
    
$
16,985
    
$
20,511
    
$
8,792
    
$
2,509
    
$
11,437
    
$
29,893
    
$
96,969
  
Special Mention
    
—
      
1,937
      
2,996
      
—
      
—
      
1,064
      
—
      
5,997
  
Substandard
    
—
      
—
      
946
      
—
      
1,926
      
—
      
—
      
2,872
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Agriculture loans
  
$
6,842
    
$
18,922
    
$
24,453
    
$
8,792
    
$
4,435
    
$
12,501
    
$
29,893
    
$
105,838
  
Year-to-date Charge-offs
    
(1,825
)
    
—
      
—
      
—
      
—
      
—
      
(742
)
    
(2,567
)
Year-to-date Recoveries
    
1,825
      
—
      
—
      
—
      
—
      
—
      
742
      
2,567
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  

(in thousands)
                                                
    Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023              
    2023
    2022
    2021     2020     2019
    Prior    
Revolving
Loans
Amortized
Cost Basis
     Total
 
Residential Mortgage
                                                
Pass
  
$
20,239
    
$
24,906
    
$
26,429
    
$
14,500
    
$
5,481
    
$
15,349
    
$
—
    
$
106,904
  
Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Substandard
    
—
      
—
      
39
      
—
      
—
      
385
      
—
      
424
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Residential Mortgage loans
  
$
20,239
    
$
24,906
    
$
26,468
    
$
14,500
    
$
5,481
    
$
15,734
    
$
—
    
$
107,328
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
(3
)
    
—
      
(3
)
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
(3
)
    
—
      
(3
)
                                                                 
Residential Construction
                                                                
Pass
  
$
3,714
    
$
1,991
    
$
3,198
    
$
—
    
$
—
    
$
—
    
$
—
    
$
8,903
  
Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Substandard
    
—
      
3,420
      
—
      
—
      
—
      
—
      
—
      
3,420
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Residential Construction loans
  
$
3,714
    
$
5,411
    
$
3,198
    
$
—
    
$
—
    
$
—
    
$
—
    
$
12,323
  
Year-to-date Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Year-to-date Net Charge-offs
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
                                                                 
Consumer
                                                                
Pass
  
$
350
    
$
758
    
$
133
    
$
149
    
$
70
    
$
273
    
$
12,516
    
$
14,249
  
Special Mention
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Substandard
    
—
      
—
      
—
      
—
      
—
      
—
      
619
      
619
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Consumer loans
  
$
350
    
$
758
    
$
133
    
$
149
    
$
70
    
$
273
    
$
13,135
    
$
14,868
  
Year-to-date Charge-offs
    
(13
)
    
—
      
—
      
—
      
—
      
—
      
—
      
(13
)
Year-to-date Recoveries
    
—
      
—
      
—
      
—
      
—
      
1
      
—
      
1
  
Year-to-date Net Charge-offs
    
(13
)
    
—
      
—
      
—
      
—
      
1
      
—
      
(12
)
                                                                 
Total Loans
                                                                
Pass
  
$
166,728
    
$
235,519
    
$
258,011
    
$
78,972
    
$
67,637
    
$
141,266
    
$
75,471
    
$
1,023,604
  
Special Mention
    
—
      
3,059
      
12,974
      
235
      
3,177
      
2,337
      
2,936
      
24,718
  
Substandard
    
395
      
3,452
      
3,849
      
2,226
      
8,530
      
1,402
      
807
      
20,661
  
Doubtful/Loss
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Total Loans
  
$
167,123
    
$
242,030
    
$
274,834
    
$
81,433
    
$
79,344
    
$
145,005
    
$
79,214
    
$
1,068,983
  
Year-to-date Charge-offs
  
$
(1,885
)
  
$
(196
)
  
$
(36
)
  
$
—
    
$
(87
)
  
$
(3
)
  
$
(742
)
  
$
(2,949
)
Year-to-date Recoveries
  
$
1,825
    
$
—
    
$
—
    
$
—
    
$
87
    
$
149
    
$
742
    
$
2,803
  
Year-to-date Net Charge-offs
  
$
(60
)
  
$
(196
)
  
$
(36
)
  
$
—
    
$
—
    
$
146
    
$
—
    
$
(146
)