Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2020

Loans and Allowance for Loan Losses

Summary of loans

	March 31,		December 31,
	2020		2019
	(In thousands)
Mortgage warehouse lines of credit	$	1,083,776	$	765,151
Residential real estate		421,978		413,835
Multi-family and healthcare financing		1,435,206		1,347,125
Commercial and commercial real estate		468,668		398,601
Agricultural production and real estate		92,498		85,210
Consumer and margin loans		18,527		18,388
		3,520,653		3,028,310
Less
Allowance for loan losses		18,883		15,842
Loans Receivable	$	3,501,770	$	3,012,468

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

	At or For the Three Months Ended March 31, 2020
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Allowance for loan losses
Balance, beginning of period	$	1,913	$	2,042	$	7,018	$	4,173	$	523	$	173	$	15,842
Provision (credit) for loan losses		796		20		676		1,445		38		23		2,998
Loans charged to the allowance		—		—		—		—		—		(1)		(1)
Recoveries of loans previously charged off		—		—		—		44		—		—		44
Balance, end of period	$	2,709	$	2,062	$	7,694	$	5,662	$	561	$	195	$	18,883
Ending balance: individually evaluated for impairment	$	—		29		—		1,167		—		6	$	1,202
Ending balance: collectively evaluated for impairment	$	2,709	$	2,033	$	7,694	$	4,495	$	561	$	189	$	17,681
Loans
Ending balance	$	1,083,776	$	421,978	$	1,435,206	$	468,668	$	92,498	$	18,527	$	3,520,653
Ending balance individually evaluated for impairment	$	230	$	2,410	$	—	$	9,425	$	2,043	$	16	$	14,124
Ending balance collectively evaluated for impairment	$	1,083,546	$	419,568	$	1,435,206	$	459,243	$	90,455	$	18,511	$	3,506,529

	For the Three Months Ended March 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 (credit) for loan losses		186		4		347		71		34		7		649
Loans charged to the allowance		—		—		—		—		—		—		—
Recoveries of loans previously charged off		—		—		—		—		3		—		3
Balance, end of period	$	1,254	$	1,990	$	6,377	$	3,122	$	466	$	147	$	13,356

Summary of activity in the allowance for loan losses

	December 31, 2019
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Allowance for loan losses
Balance, December 31, 2019	$	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
Balance, December 31, 2019	$	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

Schedule of credit risk profile of loan portfolio

	March 31, 2020
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Special Mention (Watch)	$	—	$	2,413	$	30,930	$	12,961	$	2,006	$	30	$	48,340
Substandard		230		2,410		—		9,425		2,043		16		14,124
Doubtful		—		—		—		—		—		—		—
Acceptable and Above		1,083,546		417,155		1,404,276		446,282		88,449		18,481		3,458,189
Total	$	1,083,776	$	421,978	$	1,435,206	$	468,668	$	92,498	$	18,527	$	3,520,653

	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

Schedule of aging analysis of the recorded investment in loans

	March 31, 2020
	30-59 Days		60-89 Days		Greater Than		Total				Total
	Past Due		Past Due		90 Days		Past Due		Current		Loans
	(In thousands)
MTG WHLOC	$	—	$	—	$	—	$	—	$	1,083,776	$	1,083,776
RES RE		1,002		289		1,972		3,263		418,715		421,978
MF RE		—		—		—		—		1,435,206		1,435,206
CML & CRE		274		622		2,180		3,076		465,592		468,668
AG & AGRE		429		152		1,908		2,489		90,009		92,498
CON & MAR		610		36		42		688		17,839		18,527
	$	2,315	$	1,099	$	6,102	$	9,516	$	3,511,137	$	3,520,653

	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

Schedule of components of impaired loans and specific valuation allowance

	March 31, 2020
	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Impaired loans without a specific allowance:
Recorded investment	$	230	$	2,179	$	—	$	7,028	$	2,043	$	7	$	11,487
Unpaid principal balance		230		2,179		—		7,028		2,043		7		11,487
Impaired loans with a specific allowance:
Recorded investment		—		231		—		2,397		—		9		2,637
Unpaid principal balance		—		231		—		2,397		—		9		2,637
Specific allowance		—		29		—		1,167		—		6		1,202
Total impaired loans:
Recorded investment		230		2,410		—		9,425		2,043		16		14,124
Unpaid principal balance		230		2,410		—		9,425		2,043		16		14,124
Specific allowance		—		29		—		1,167		—		6		1,202

	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

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

	MTG WHLOC		RES RE		MF RE		CML & CRE		AG & AGRE		CON & MAR		TOTAL
	(In thousands)
Three Months Ended March 31, 2020
Average recorded investment in impaired loans	$	231	$	3,088	$	—	$	9,502	$	2,043	$	20	$	14,884
Interest income recognized		—		16		—		131		—		—		147
Three Months Ended March 31, 2019
Average recorded investment in impaired loans	$	574	$	2,806	$	—	$	8,468	$	364	$	48	$	12,260
Interest income recognized		—		15		—		140		—		—		155

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

	March 31,				December 31,
	2020				2019
			Total Loans >				Total Loans >
			90 Days &				90 Days &
	Nonaccrual		Accruing		Nonaccrual		Accruing
	(In thousands)
MTG WHLOC	$	230	$	—	$	233	$	—
RES RE		664		1,551		740		1,851
MF RE		—		—		—		—
CML & CRE		1,766		396		1,118		486
AG & AGRE		—		1,908		—		231
CON & MAR		16		26		18		1
	$	2,676	$	3,881	$	2,109	$	2,569