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Loans (Tables)
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Summary of the Company’s loan portfolio by loan class
The following is a summary of the Company’s loan portfolio by loan class.
(In thousands)June 30, 2024December 31, 2023
Secured by real estate:
Residential properties$1,617,519 $1,551,777 
Construction and land development687,695 731,449 
Farmland 312,038 309,840 
Other commercial 2,722,113 2,666,956 
Total real estate5,339,365 5,260,022 
Commercial and industrial loans617,730 631,528 
Agricultural production and other loans to farmers111,422 91,976 
Consumer and other loans103,120 98,485 
Total loans before allowance for credit losses$6,171,637 $6,082,011 
Summary of the recorded investment in non-accrual loans, segregated by class
The following table presents the amortized cost basis of nonaccrual loans, segregated by class as of June 30, 2024 and December 31, 2023.

(In thousands)Total NonaccrualNonaccrual with no Allowance for Credit LossPast Due 90 days or more and Accruing
June 30, 2024
Secured by real estate:
Residential properties$5,161 $— $1,032 
Construction and land development2,129 — 363 
Farmland269 — 731 
Other commercial4,976 — — 
Total real estate12,535 — 2,126 
Commercial and industrial loans1,495 — 114 
Agricultural production and other loans to farmers— — — 
Consumer and other loans86 — 138 
Total$14,116 $— $2,378 
December 31, 2023
Secured by real estate:
Residential properties$3,180 $— $270 
Construction and land development239 — — 
Farmland642 — — 
Other commercial1,613 — 124 
Total real estate5,674 — 394 
Commercial and industrial loans1,523 — 339 
Agricultural production and other loans to farmers— — — 
Consumer and other loans17 — 28 
Total$7,214 $— $761 
Summary of collateral dependent loans by class and collateral type The following table presents the amortized cost basis of collateral-dependent loans by class and collateral type as of June 30, 2024 and December 31, 2023.
(In thousands)Real EstateEnterprise ValueAccounts Receivable & InventoryStock
June 30, 2024
Secured by real estate:
Residential properties$— $— $— $— 
Construction and land development— — — — 
Farmland— — — — 
Other commercial2,758 13,865 — 1,375 
Total real estate2,758 13,865 — 1,375 
Commercial and industrial loans— — 8,414 — 
Agricultural production and other loans to farmers— — — — 
Consumer loans— — — — 
Total$2,758 $13,865 $8,414 $1,375 
(In thousands)Real EstateEnterprise ValueAccounts Receivable & InventoryStock
December 31, 2023
Secured by real estate:
Residential properties$1,276 $— $— $— 
Construction and land development— — — — 
Farmland— — — — 
Other commercial3,226 — — — 
Total real estate4,502 — — — 
Commercial and industrial loans— 1,349 8,706 1,375 
Agricultural production and other loans to farmers— — — — 
Consumer loans— — — — 
Total$4,502 $1,349 $8,706 $1,375 
Summary of age analysis of past due loans
An age analysis of past due loans (including both accruing and non-accruing loans) segregated by class of loans is as follows:

(In thousands)Past Due 30-89 DaysPast Due 90 Days or MoreTotal Past DueCurrentTotal Loans
June 30, 2024
Secured by real estate:
Residential properties$11,841 $3,550 $15,391 $1,602,128 $1,617,519 
Construction and land development
2,183 2,267 4,450 683,245 687,695 
Farmland 1,081 745 1,826 310,212 312,038 
Other commercial2,959 4,520 7,479 2,714,634 2,722,113 
Total real estate18,064 11,082 29,146 5,310,219 5,339,365 
Commercial and industrial loans2,415 280 2,695 615,035 617,730 
Agricultural production and other loans to farmers
182 — 182 111,240 111,422 
Consumer loans664 205 869 102,251 103,120 
Total$21,325 $11,567 $32,892 $6,138,745 $6,171,637 
(In thousands)Past Due 30-89 DaysPast Due 90 Days or MoreTotal Past DueCurrentTotal Loans
December 31, 2023
Secured by real estate:
Residential properties$9,867 $2,144 $12,011 $1,539,766 $1,551,777 
Construction and land development1,609 — 1,609 729,840 731,449 
Farmland88 380 468 309,372 309,840 
Other commercial4,159 1,320 5,479 2,661,477 2,666,956 
Total real estate15,723 3,844 19,567 5,240,455 5,260,022 
Commercial and industrial loans2,868 441 3,309 628,219 631,528 
Agricultural production and other loans to farmers192 — 192 91,784 91,976 
Consumer loans708 39 747 97,738 98,485 
Total$19,491 $4,324 $23,815 $6,058,196 $6,082,011 
Summary of modifications by class and modification type
The following table presents the amortized cost basis of loans at June 30, 2024 that were both experiencing financial difficulty and modified during the three and six months ended June 30, 2024, by class and type of modification.
Three Months Ended June 30, 2024
Term Extension
Amortized Cost% of Total Loans
(In thousands)
Other commercial$1,699 0.03 %
Total $1,699 0.03 %
Six Months Ended June 30, 2024
Term Extension
Amortized Cost% of Total Loans
(In thousands)
Other commercial$1,699 0.03 %
Total$1,699 0.03 %
The following table describes the financial effects of the modification made to the borrower experiencing financial difficulty during the three and six months ended June 30, 2024.
Three Months Ended June 30, 2024
Other commercial
Added a weighted average 8 months to the life of the modified loan
Six Months Ended June 30, 2024
Other commercial
Added a weighted average 8 months to the life of the modified loan
Summary of age analysis of modified loans
The following table presents the performance of loans that have been modified during the six months ended June 30, 2024.
Six Months Ended June 30, 2024
(In thousands)Current30-89 Days Past Due90 Days or More Past Due
Secured by real estate:
Residential properties$— $— $— 
Construction and land development— — — 
Farmland— — — 
Other commercial1,699 — — 
Total real estate1,699 — — 
Commercial and industrial loans— — — 
Agricultural production and other loans to farmers— — — 
Consumer and other loans— — — 
Total loans before allowance for loan losses$1,699 $— $—