Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Loans and Allowance for Loan Losses

Summary of loans

	December 31,		December 31,
	2019		2018
	(In thousands)
Mortgage warehouse lines of credit	$	765,151	$	337,332
Residential real estate		413,835		410,871
Multi-family and healthcare financing		1,347,125		914,393
Commercial and commercial real estate		398,601		299,194
Agricultural production and real estate		85,210		79,255
Consumer and margin loans		18,388		17,082
		3,028,310		2,058,127
Less
Allowance for loan losses		15,842		12,704
Loans Receivable	$	3,012,468	$	2,045,423

Summary of activity in the allowance for loans and recorded investment by loan portfolio

	At or For the Year Ended December 31, 2019
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Allowance for loan losses
Balance, beginning of period	$	1,068	$	1,986	$	6,030	$	3,051	$	429	$	140	$	12,704
Provision for loan losses		952		56		988		1,817		94		33		3,940
Loans charged to the allowance		(107)		—		—		(857)		—		—		(964)
Recoveries of loans previously charged off		—		—		—		162		—		—		162
Balance, end of period	$	1,913	$	2,042	$	7,018	$	4,173	$	523	$	173	$	15,842
Ending balance: individually evaluated for impairment	$	—	$	23	$	—	$	650	$	—	$	8	$	681
Ending balance: collectively evaluated for impairment	$	1,913	$	2,019	$	7,018	$	3,523	$	523	$	165	$	15,161
Loans
Ending balance	$	765,151	$	413,835	$	1,347,125	$	398,601	$	85,210	$	18,388	$	3,028,310
Ending balance individually evaluated for impairment	$	233	$	3,109	$	—	$	9,152	$	—	$	23	$	12,517
Ending balance collectively evaluated for impairment	$	764,918	$	410,726	$	1,347,125	$	389,449	$	85,210	$	18,365	$	3,015,793

	At or For the Year Ended December 31, 2018
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Allowance for loan losses
Balance, beginning of period	$	283	$	1,587	$	3,502	$	2,362	$	320	$	257	$	8,311
Provision (credit) for loan losses		785		399		2,528		779		109		29		4,629
Loans charged to the allowance		—		—		—		(90)		—		(146)		(236)
Recoveries of loans previously charged off		—		—		—		—		—		—		—
Balance, end of period	$	1,068	$	1,986	$	6,030	$	3,051	$	429	$	140	$	12,704
Ending balance: individually evaluated for impairment	$	225	$	—	$	—	$	400	$	20	$	—	$	645
Ending balance: collectively evaluated for impairment	$	843	$	1,986	$	6,030	$	2,651	$	409	$	140	$	12,059
Loans
Ending balance	$	337,332	$	410,871	$	914,393	$	299,194	$	79,255	$	17,082	$	2,058,127
Ending balance individually evaluated for impairment	$	575	$	1,606	$	—	$	8,576	$	370	$	58	$	11,185
Ending balance collectively evaluated for impairment	$	336,757	$	409,265	$	914,393	$	290,618	$	78,885	$	17,024	$	2,046,942

	For the Year Ended December 31, 2017
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Allowance for loan losses
Balance, beginning of year	$	373	$	2,170	$	1,962	$	1,374	$	269	$	102	$	6,250
Provision for loan losses		(90)		(583)		1,540		1,399		51		155		2,472
Loans charged to the allowance		—		—		—		(546)		—		—		(546)
Recoveries of loans previously charged off		—		—		—		135		—		—		135
Balance, end of year	$	283	$	1,587	$	3,502	$	2,362	$	320	$	257	$	8,311

Schedule of credit risk profile of loan portfolio

	December 31, 2019
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Special Mention (Watch)	$	—	$	2,472	$	41,882	$	13,806	$	2,114	$	31	$	60,305
Substandard		233		3,109		—		9,152		—		23		12,517
Doubtful		—		—		—		—		—		—		—
Acceptable and Above		764,918		408,254		1,305,243		375,643		83,096		18,334		2,955,488
Total	$	765,151	$	413,835	$	1,347,125	$	398,601	$	85,210	$	18,388	$	3,028,310

	December 31, 2018
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Special Mention (Watch)	$	—	$	443	$	71,734	$	14,650	$	3,096	$	681	$	90,604
Substandard		575		1,606		—		8,576		370		58		11,185
Doubtful		—		—		—		—		—		—		—
Acceptable and Above		336,757		408,822		842,659		275,968		75,789		16,343		1,956,338
Total	$	337,332	$	410,871	$	914,393	$	299,194	$	79,255	$	17,082	$	2,058,127

Schedule of aging analysis of the recorded investment in loans

	December 31, 2019
	30-59 Days		60-89 Days		Greater Than		Total				Total
	Past Due		Past Due		90 Days		Past Due		Current		Loans
	(In thousands)
MTG WHLOC	$	—	$	—	$	—	$	—	$	765,151	$	765,151
RES RE		3,089		562		2,324		5,975		407,860		413,835
MF RE		—		—		—		—		1,347,125		1,347,125
CML & CRE		2,293		335		1,663		4,291		394,310		398,601
AG & AGRE		2,047		—		195		2,242		82,968		85,210
CON & MAR		50		31		19		100		18,288		18,388
	$	7,479	$	928	$	4,201	$	12,608	$	3,015,702	$	3,028,310

	December 31, 2018
	30-59 Days		60-89 Days		Greater Than		Total				Total
	Past Due		Past Due		90 Days		Past Due		Current		Loans
	(In thousands)
MTG WHLOC	$	—	$	—	$	324	$	324	$	337,008	$	337,332
RES RE		579		178		825		1,582		409,289		410,871
MF RE		—		—		—		—		914,393		914,393
CML & CRE		245		52		253		550		298,644		299,194
AG & AGRE		91		—		588		679		78,576		79,255
CON & MAR		2		52		28		82		17,000		17,082
	$	917	$	282	$	2,018	$	3,217	$	2,054,910	$	2,058,127

Schedule of components of impaired loans and specific valuation allowance

	December 31, 2019
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Impaired loans without a specific allowance:
Recorded investment	$	233	$	2,899	$	—	$	6,662	$	—	$	12	$	9,806
Unpaid principal balance		233		2,899		—		6,662		—		12		9,806
Impaired loans with a specific allowance:
Recorded investment		—		210		—		2,490		—		11		2,711
Unpaid principal balance		—		210		—		2,490		—		11		2,711
Specific allowance		—		23		—		650		—		8		681
Total impaired loans:
Recorded investment		233		3,109		—		9,152		—		23		12,517
Unpaid principal balance		233		3,109		—		9,152		—		23		12,517
Specific allowance		—		23		—		650		—		8		681

	December 31, 2018
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Impaired loans without a specific allowance:
Recorded investment	$	251	$	1,606	$	—	$	5,636	$	88	$	58	$	7,639
Unpaid principal balance		251		1,606		—		5,636		88		58		7,639
Impaired loans with a specific allowance:
Recorded investment		324		—		—		2,940		282		—		3,546
Unpaid principal balance		324		—		—		2,940		282		—		3,546
Specific allowance		225		—		—		400		20		—		645
Total impaired loans:
Recorded investment		575		1,606		—		8,576		370		58		11,185
Unpaid principal balance		575		1,606		—		8,576		370		58		11,185
Specific allowance		225		—		—		400		20		—		645

Schedule of average recorded investment and interest income recognized in impaired loans

	December 31, 2019
	MTG						CML &		AG &		CON &
	WHLOC		RES RE		MF RE		CRE		AGRE		MAR		TOTAL
	(In thousands)
Average recorded investment in impaired loans	$	242	$	3,175	$	—	$	8,675	$	—	$	25	$	12,117
Interest income recognized		—		71		—		463		—		—		534

	December 31, 2018
	MTG						CML &		AG &		CON &
	WHLOC		RES RE		MF RE		CRE		AGRE		MAR		TOTAL
	(In thousands)
Average recorded investment in impaired loans	$	932	$	1,485	$	—	$	8,872	$	489	$	52	$	11,830
Interest income recognized		59		50		—		375		43		1		528

	December 31, 2017
	MTG						CML &			AG &	CON &
	WHLOC		RES RE		MF RE		CRE			AGRE	MAR		TOTAL
	(In thousands)
Average recorded investment in impaired loans	$	—	$	156	$	—	$	3,703	$	282	$	197	$	4,338
Interest income recognized		—		1		—		182		—		—		183

Schedule of nonaccrual loans and loans past due 90 days or more and still accruing

	December 31,				December 31,
	2019				2018
			Total Loans >				Total Loans >
			90 Days &				90 Days &
	Nonaccrual		Accruing		Nonaccrual		Accruing
	(In thousands)
MTG WHLOC	$	233	$	—	$	575	$	—
RES RE		740		1,851		893		74
MF RE		—		—		—		—
CML & CRE		1,118		486		136		117
AG & AGRE		—		231		282		307
CON & MAR		18		1		18		9
	$	2,109	$	2,569	$	1,904	$	507