Loans Held for Investment and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Loans Held-for-Investment by Portfolio Segment

Loans held-for-investment by portfolio segment are as follows (dollars in thousands):

	March 31,						December 31,
	2022			2021			2021
Commercial:
C&I*	$	838,049		$	1,178,126		$	837,075
Municipal		191,799			176,949			177,905
Total Commercial		1,029,848			1,355,075			1,014,980
Agricultural		82,883			90,366			98,089
Real Estate:
Construction & Development		806,211			587,928			749,793
Farm		225,942			162,046			217,220
Non-Owner Occupied CRE		636,160			650,144			623,434
Owner Occupied CRE		881,181			759,906			821,653
Residential		1,352,162			1,254,727			1,334,419
Total Real Estate		3,901,656			3,414,751			3,746,519
Consumer:
Auto		419,818			370,027			405,416
Non-Auto		131,964			92,343			123,968
Total Consumer		551,782			462,370			529,384
Total Loans		5,566,169			5,322,562			5,388,972
Less: Allowance for credit losses		(66,913	)		(62,974	)		(63,465	)
Loans, net	$	5,499,256		$	5,259,588		$	5,325,507

* All disclosures for the C&I loan segment include PPP loan balances, net of deferred fees and costs, as disclosed on the face of the consolidated balance sheet.

Non-Accrual Loans, Loans Still Accruing and Past Due 90 Days or More and Restructured Loans

The Company’s nonaccrual loans, loans still accruing and past due 90 days or more and restructured loans are as follows (dollars in thousands):

	March 31,				December 31,
	2022		2021		2021
Nonaccrual loans	$	28,723	$	39,333	$	31,652
Loans still accruing and past due 90 days or more		11		2		8
Troubled debt restructured loans still accruing*		20		23		21
Total	$	28,754	$	39,358	$	31,681

* Troubled debt restructured loans of $6,135,000, $6,619,000 and $6,721,000, for which interest collection is doubtful are included in nonaccrual loans as of March 31, 2022, and 2021 and December 31, 2021, respectively.

Schedule of Non-Accrual Loans

Nonaccrual loans at March 31, 2022 and 2021, and December 31, 2021, consisted of the following (dollars in thousands):

	March 31,				December 31,
	2022		2021		2021
Commercial:
C&I	$	4,711	$	4,709	$	5,370
Municipal		—		—		—
Total Commercial		4,711		4,709		5,370
Agricultural		4,338		1,068		4,920
Real Estate:
Construction & Development		594		1,296		708
Farm		1,209		6,859		1,173
Non-Owner Occupied CRE		2,574		7,088		2,671
Owner Occupied CRE		7,288		9,557		7,897
Residential		7,567		8,364		8,360
Total Real Estate		19,232		33,164		20,809
Consumer:
Auto		402		317		514
Non-Auto		40		75		39
Total Consumer		442		392		553
Total	$	28,723	$	39,333	$	31,652

Changes in Allowance for Loan Losses

Summary information on the allowance for credit losses for the three-months ended March 31, 2022 and 2021, are outlined by portfolio segment in the following tables (dollars in thousands):

Three-months ended March 31, 2022	C&I			Municipal		Agricultural		Construction & Development			Farm
Beginning balance	$	12,280		$	348	$	1,597	$	17,627		$	663
Provision for loan losses		3,455			1,070		289		360			210
Recoveries		156			—		25		—			—
Charge-offs		(154	)		—		—		(100	)		—
Ending balance	$	15,737		$	1,418	$	1,911	$	17,887		$	873

Three-months ended March 31, 2022 (continued)	Non-Owner Occupied CRE			Owner Occupied CRE			Residential			Auto			Non-Auto			Total
Beginning balance	$	10,722		$	10,828		$	8,133		$	896		$	371		$	63,465
Provision for loan losses		(2,278	)		789			(163	)		(20	)		35			3,747
Recoveries		55			7			5			66			46			360
Charge-offs		—			(88	)		(146	)		(73	)		(98	)		(659	)
Ending balance	$	8,499		$	11,536		$	7,829		$	869		$	354		$	66,913

Three-months ended March 31, 2021	C&I			Municipal		Agricultural		Construction & Development			Farm
Beginning balance	$	13,609		$	1,552	$	1,255	$	13,512		$	1,876
Provision for loan losses		(1,239	)		639		721		(268	)		(662	)
Recoveries		223			—		9		2			9
Charge-offs		(270	)		—		—		—			—
Ending balance	$	12,323		$	2,191	$	1,985	$	13,246		$	1,223

Three-months ended March 31, 2021 (continued)	Non-Owner Occupied CRE			Owner Occupied CRE			Residential			Auto			Non- Auto			Total
Beginning balance	$	8,391		$	12,347		$	12,601		$	1,020		$	371		$	66,534
Provision for loan losses		1,052			(2,467	)		(1,384	)		141			38			(3,429	)
Recoveries		55			6			19			73			47			443
Charge-offs		(6	)		(8	)		(47	)		(166	)		(77	)		(574	)
Ending balance	$	9,492		$	9,878		$	11,189		$	1,068		$	379		$	62,974

Schedule of loans that are individually evaluated for credit losses

The Company’s loans that are individually evaluated for credit losses (both collateral and non-collateral dependent) and their related allowances as of March 31, 2022, and 2021 and December 31, 2021, are summarized in the following tables by loan segment (dollars in thousands):

March 31, 2022	Collateral Dependent Loans Individually Evaluated for Credit Losses Without an Allowance		Collateral Dependent Loans Individually Evaluated for Credit Losses With an Allowance		Non-Collateral Dependent Loans Individually Evaluated for Credit Losses		Total Loans Individually Evaluated for Credit Losses		Related Allowance on Collateral Dependent Loans		Related Allowance on Non-Collateral Dependent Loans		Total Allowance for Credit Losses on Loans Individually Evaluated for Credit Losses
Commercial:
C&I	$	95	$	4,616	$	20,620	$	25,331	$	2,525	$	5,268	$	7,793
Municipal		—		—		96		96		—		—		—
Total Commercial		95		4,616		20,716		25,427		2,525		5,268		7,793
Agricultural		2,349		1,989		411		4,749		946		276		1,222
Real Estate:
Construction & Development		—		594		9,632		10,226		44		1,446		1,490
Farm		1,209		—		1,214		2,423		—		—		—
Non-Owner Occupied CRE		2,463		111		32,705		35,279		10		3,006		3,016
Owner Occupied CRE		6,187		1,101		29,608		36,896		96		3,149		3,245
Residential		4,954		2,613		27,709		35,276		306		1,668		1,974
Total Real Estate		14,813		4,419		100,868		120,100		456		9,269		9,725
Consumer:
Auto		—		402		1,092		1,494		1		2		3
Non-Auto		—		40		350		390		—		1		1
Total Consumer		—		442		1,442		1,884		1		3		4
Total	$	17,257	$	11,466	$	123,437	$	152,160	$	3,928	$	14,816	$	18,744

March 31, 2021	Collateral Dependent Loans Individually Evaluated for Credit Losses Without an Allowance		Collateral Dependent Loans Individually Evaluated for Credit Losses With an Allowance		Non-Collateral Dependent Loans Individually Evaluated for Credit Losses		Total Loans Individually Evaluated for Credit Losses		Related Allowance on Collateral Dependent Loans		Related Allowance on Non-Collateral Dependent Loans		Total Allowance for Credit Losses on Loans Individually Evaluated for Credit Losses
Commercial:
C&I	$	1,806	$	2,903	$	14,580	$	19,289	$	777	$	3,104	$	3,881
Municipal		—		—		9,777		9,777		—		1,536		1,536
Total Commercial		1,806		2,903		24,357		29,066		777		4,640		5,417
Agricultural		457		612		5,790		6,859		170		1,620		1,790
Real Estate:
Construction & Development		1,124		171		11,202		12,497		12		868		880
Farm		2,241		4,618		3,436		10,295		590		81		671
Non-Owner Occupied CRE		6,045		1,043		32,299		39,387		226		3,109		3,335
Owner Occupied CRE		6,081		3,476		45,893		55,450		599		3,000		3,599
Residential		4,210		4,154		26,331		34,695		577		2,297		2,874
Total Real Estate		19,701		13,462		119,161		152,324		2,004		9,355		11,359
Consumer:
Auto		—		317		1,399		1,716		1		4		5
Non-Auto		—		75		376		451		—		2		2
Total Consumer		—		392		1,775		2,167		1		6		7
Total	$	21,964	$	17,369	$	151,083	$	190,416	$	2,952	$	15,621	$	18,573

December 31, 2021	Collateral Dependent Loans Individually Evaluated for Credit Losses Without an Allowance		Collateral Dependent Loans Individually Evaluated for Credit Losses With an Allowance		Non-Collateral Dependent Loans Individually Evaluated for Credit Losses		Total Loans Individually Evaluated for Credit Losses		Related Allowance on Collateral Dependent Loans		Related Allowance on Non-Collateral Dependent Loans		Total Allowance for Credit Losses on Loans Individually Evaluated for Credit Losses
Commercial:
C&I	$	749	$	4,621	$	19,021	$	24,391	$	2,533	$	4,094	$	6,627
Municipal		—		—		109		109		—		—		—
Total Commercial		749		4,621		19,130		24,500		2,533		4,094		6,627
Agricultural		3,026		1,894		478		5,398		1,086		359		1,445
Real Estate:
Construction & Development		102		606		4,765		5,473		90		135		225
Farm		997		176		1,969		3,142		—		2		2
Non-Owner Occupied CRE		2,543		128		31,797		34,468		15		4,044		4,059
Owner Occupied CRE		6,548		1,349		40,607		48,504		152		3,329		3,481
Residential		5,990		2,370		29,210		37,570		307		1,719		2,026
Total Real Estate		16,180		4,629		108,348		129,157		564		9,229		9,793
Consumer:
Auto		—		514		1,161		1,675		1		3		4
Non-Auto		—		39		416		455		—		1		1
Total Consumer		—		553		1,577		2,130		1		4		5
Total	$	19,955	$	11,697	$	129,533	$	161,185	$	4,184	$	13,686	$	17,870

T

Schedule of Allowance for Loan Losses by Portfolio Segment

Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

March 31, 2022	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	7,793	$	—	$	1,222	$	1,490	$	—
Loans collectively evaluated for credit losses		7,944		1,418		689		16,397		873
Total	$	15,737	$	1,418	$	1,911	$	17,887	$	873

March 31, 2022 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	3,016	$	3,245	$	1,974	$	3	$	1	$	18,744
Loans collectively evaluated for credit losses		5,483		8,291		5,855		866		353		48,169
Total	$	8,499	$	11,536	$	7,829	$	869	$	354	$	66,913

March 31, 2021	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	3,881	$	1,536	$	1,790	$	880	$	671
Loans collectively evaluated for credit losses		8,442		655		195		12,366		552
Total	$	12,323	$	2,191	$	1,985	$	13,246	$	1,223

March 31, 2021 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	3,335	$	3,599	$	2,874	$	5	$	2	$	18,573
Loans collectively evaluated for credit losses		6,157		6,279		8,315		1,063		377		44,401
Total	$	9,492	$	9,878	$	11,189	$	1,068	$	379	$	62,974

December 31, 2021	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	6,627	$	—	$	1,445	$	225	$	2
Loans collectively evaluated for credit losses		5,653		348		152		17,402		661
Total	$	12,280	$	348	$	1,597	$	17,627	$	663

December 31, 2021 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	4,059	$	3,481	$	2,026	$	4	$	1	$	17,870
Loans collectively evaluated for credit losses		6,663		7,347		6,107		892		370		45,595
Total	$	10,722	$	10,828	$	8,133	$	896	$	371	$	63,465

Schedule of Investment in Loans Related to Balance in Allowance for Loan Losses on Basis of Company's Impairment Methodology

The Company’s recorded investment in loans as of March 31, 2022, and 2021 and December 31, 2021, related to the balance in the allowance for credit losses follows below (dollars in thousands):

March 31, 2022	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	25,331	$	96	$	4,749	$	10,226	$	2,423
Loans collectively evaluated for credit losses		812,718		191,703		78,134		795,985		223,519
Total	$	838,049	$	191,799	$	82,883	$	806,211	$	225,942

March 31, 2022 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	35,279	$	36,896	$	35,276	$	1,494	$	390	$	152,160
Loans collectively evaluated for credit losses		600,881		844,285		1,316,886		418,324		131,574		5,414,009
Total	$	636,160	$	881,181	$	1,352,162	$	419,818	$	131,964	$	5,566,169

March 31, 2021	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	19,289	$	9,777	$	6,859	$	12,497	$	10,295
Loans collectively evaluated for credit losses		1,158,837		167,172		83,507		575,431		151,751
Total	$	1,178,126	$	176,949	$	90,366	$	587,928	$	162,046

March 31, 2021 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	39,387	$	55,450	$	34,695	$	1,716	$	451	$	190,416
Loans collectively evaluated for credit losses		610,757		704,456		1,220,032		368,311		91,892		5,132,146
Total	$	650,144	$	759,906	$	1,254,727	$	370,027	$	92,343	$	5,322,562

December 31, 2021	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	24,391	$	109	$	5,398	$	5,473	$	3,142
Loans collectively evaluated for credit losses		812,684		177,796		92,691		744,320		214,078
Total	$	837,075	$	177,905	$	98,089	$	749,793	$	217,220

December 31, 2021 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	34,468	$	48,504	$	37,570	$	1,675	$	455	$	161,185
Loans collectively evaluated for credit losses		588,966		773,149		1,296,849		403,741		123,513		5,227,787
Total	$	623,434	$	821,653	$	1,334,419	$	405,416	$	123,968	$	5,388,972

Schedule of Company's Internal Ratings of its Loans Held-for-Investment, Including The Year of Origination, by Portfolio Segments

The following summarizes the Company’s internal ratings of its loans held-for-investment, including the year of origination, by portfolio segments, at March 31, 2022 (dollars in millions):

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
C&I
Risk rating:
Pass	$	163	$	438	$	121	$	42	$	24	$	26	$	—	$	814
Special mention		—		4		—		3		—		—		—		7
Substandard		3		7		3		2		2		—		—		17
Doubtful		—		—		—		—		—		—		—		—
Total	$	166	$	449	$	124	$	47	$	26	$	26	$	—	$	838

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Municipal
Risk rating:
Pass	$	25	$	33	$	15	$	5	$	21	$	93	$	—	$	192
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	25	$	33	$	15	$	5	$	21	$	93	$	—	$	192

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural
Risk rating:
Pass	$	20	$	47	$	6	$	4	$	1	$	1	$	—	$	79
Special mention		—		—		—		—		—		—		—		—
Substandard		—		4		—		—		—		—		—		4
Doubtful		—		—		—		—		—		—		—		—
Total	$	20	$	51	$	6	$	4	$	1	$	1	$	—	$	83

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Construction & Development
Risk rating:
Pass	$	118	$	524	$	106	$	21	$	13	$	13	$	—	$	795
Special mention		—		2		—		—		—		—		—		2
Substandard		1		6		1		1		—		—		—		9
Doubtful		—		—		—		—		—		—		—		—
Total	$	119	$	532	$	107	$	22	$	13	$	13	$	—	$	806

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Farm
Risk rating:
Pass	$	25	$	110	$	39	$	13	$	8	$	28	$	—	$	223
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		1		—		1		1		—		3
Doubtful		—		—		—		—		—		—		—		—
Total	$	25	$	110	$	40	$	13	$	9	$	29	$	—	$	226

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Owner Occupied CRE
Risk rating:
Pass	$	52	$	211	$	123	$	62	$	52	$	101	$	—	$	601
Special mention		—		—		1		11		1		8		—		21
Substandard		—		—		5		3		1		5		—		14
Doubtful		—		—				—		—		—		—		—
Total	$	52	$	211	$	129	$	76	$	54	$	114	$	—	$	636

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Owner Occupied CRE
Risk rating:
Pass	$	100	$	258	$	136	$	97	$	88	$	166	$	—	$	845
Special mention		—		1		2		1		—		1		—		5
Substandard		2		4		2		3		9		11		—		31
Doubtful		—		—		—		—		—		—		—		—
Total	$	102	$	263	$	140	$	101	$	97	$	178	$	—	$	881

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Residential
Risk rating:
Pass	$	107	$	441	$	208	$	106	$	78	$	266	$	109	$	1,315
Special mention		—		3		4		—		1		4		1		13
Substandard		1		4		3		2		2		11		1		24
Doubtful		—		—		—		—		—		—		—		—
Total	$	108	$	448	$	215	$	108	$	81	$	281	$	111	$	1,352

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Auto
Risk rating:
Pass	$	68	$	197	$	89	$	44	$	14	$	6	$	—	$	418
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		1		1		—		—		—		2
Doubtful		—		—		—		—		—		—		—		—
Total	$	68	$	197	$	90	$	45	$	14	$	6	$	—	$	420

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Auto
Risk rating:
Pass	$	26	$	68	$	19	$	6	$	3	$	2	$	7	$	131
Special mention		—		—		—		—		—		—		—		—
Substandard		—		1		—		—		—		—		—		1
Doubtful		—		—		—		—		—		—		—		—
Total	$	26	$	69	$	19	$	6	$	3	$	2	$	7	$	132

March 31,	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Total Loans
Risk rating:
Pass	$	704	$	2,327	$	862	$	400	$	302	$	702	$	116	$	5,413
Special mention		—		10		7		15		2		13		1		48
Substandard		7		26		16		12		15		28		1		105
Doubtful		—		—		—		—		—		—		—		—
Total	$	711	$	2,363	$	885	$	427	$	319	$	743	$	118	$	5,566

The following summarizes the Company’s internal ratings of its loans held-for-investment, including the year of origination, by portfolio segments, at March 31, 2021 (dollars in millions):

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
C&I
Risk rating:
Pass	$	303	$	647	$	84	$	61	$	24	$	41	$	—	$	1,160
Special mention		2		3		1		—		1		—		—		7
Substandard		1		6		1		3		1		—		—		12
Doubtful		—		—		—		—		—		—		—		—
Total	$	306	$	656	$	86	$	64	$	26	$	41	$	—	$	1,179

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Municipal
Risk rating:
Pass	$	2	$	21	$	16	$	23	$	13	$	92	$	—	$	167
Special mention		—		—		—		—		—		—		—		—
Substandard		—		2		—		—		6		2		—		10
Doubtful		—		—		—		—		—		—		—		—
Total	$	2	$	23	$	16	$	23	$	19	$	94	$	—	$	177

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural
Risk rating:
Pass	$	15	$	42	$	16	$	7	$	2	$	1	$	—	$	83
Special mention		1		—		—		—		—		—		—		1
Substandard		—		5		—		—		1		—		—		6
Doubtful		—		—		—		—		—		—		—		—
Total	$	16	$	47	$	16	$	7	$	3	$	1	$	—	$	90

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Construction & Development
Risk rating:
Pass	$	101	$	347	$	62	$	35	$	17	$	13	$	—	$	575
Special mention		—		2		4		—		—		1		—		7
Substandard		1		3		1		—		—		1		—		6
Doubtful		—		—		—		—		—		—		—		—
Total	$	102	$	352	$	67	$	35	$	17	$	15	$	—	$	588

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Farm
Risk rating:
Pass	$	20	$	54	$	21	$	17	$	10	$	30	$	—	$	152
Special mention		—		—		—		—		—		—		—		—
Substandard		—		7		1		1		—		1		—		10
Doubtful		—		—		—		—		—		—		—		—
Total	$	20	$	61	$	22	$	18	$	10	$	31	$	—	$	162

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Owner Occupied CRE
Risk rating:
Pass	$	45	$	198	$	105	$	86	$	41	$	136	$	—	$	611
Special mention		—		1		13		1		8		4		—		27
Substandard		—		—		2		—		2		8		—		12
Doubtful		—		—		—		—		—		—		—		—
Total	$	45	$	199	$	120	$	87	$	51	$	148	$	—	$	650

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Owner Occupied CRE
Risk rating:
Pass	$	74	$	168	$	126	$	96	$	72	$	169	$	—	$	705
Special mention		—		3		4		—		4		—		—		11
Substandard		1		5		4		18		4		12		—		44
Doubtful		—		—		—		—		—		—		—		—
Total	$	75	$	176	$	134	$	114	$	80	$	181	$	—	$	760

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Residential
Risk rating:
Pass	$	109	$	346	$	157	$	119	$	93	$	302	$	94	$	1,220
Special mention		—		3		1		1		1		3		—		9
Substandard		1		5		2		4		2		11		1		26
Doubtful		—		—		—		—		—		—		—		—
Total	$	110	$	354	$	160	$	124	$	96	$	316	$	95	$	1,255

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Auto
Risk rating:
Pass	$	61	$	161	$	90	$	32	$	16	$	8	$	—	$	368
Special mention		—		—		—		—		—		—		—		—
Substandard		—		1		1		—		—		—		—		2
Doubtful		—		—		—		—		—		—		—		—
Total	$	61	$	162	$	91	$	32	$	16	$	8	$	—	$	370

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Auto
Risk rating:
Pass	$	17	$	40	$	17	$	6	$	3	$	2	$	7	$	92
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	17	$	40	$	17	$	6	$	3	$	2	$	7	$	92

March 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Total Loans
Risk rating:
Pass	$	747	$	2,024	$	694	$	482	$	291	$	794	$	101	$	5,133
Special mention		3		12		23		2		14		8		—		62
Substandard		4		34		12		26		16		35		1		128
Doubtful		—		—		—		—		—		—		—		—
Total	$	754	$	2,070	$	729	$	510	$	321	$	837	$	102	$	5,323

The following summarizes the Company’s internal ratings of its loans held-for-investment, including the year of origination, by portfolio segments, at December 31, 2021 (dollars in millions):

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
C&I
Risk rating:
Pass	$	526	$	178	$	52	$	29	$	17	$	11	$	—	$	813
Special mention		4		1		4		—		—		—		—		9
Substandard		7		4		1		3		—		—		—		15
Doubtful		—		—		—		—		—		—		—		—
Total	$	537	$	183	$	57	$	32	$	17	$	11	$	—	$	837

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Municipal
Risk rating:
Pass	$	39	$	15	$	6	$	22	$	17	$	79	$	—	$	178
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	39	$	15	$	6	$	22	$	17	$	79	$	—	$	178

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural
Risk rating:
Pass	$	69	$	8	$	6	$	6	$	3	$	1	$	—	$	93
Special mention		—		—		—		—		—		—		—		—
Substandard		4		1		—		—		—		—		—		5
Doubtful		—		—		—		—		—		—		—		—
Total	$	73	$	9	$	6	$	6	$	3	$	1	$	—	$	98

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Construction & Development
Risk rating:
Pass	$	557	$	134	$	24	$	14	$	7	$	8	$	—	$	744
Special mention		2		—		—		—		—		—		—		2
Substandard		2		2		—		—		—		—		—		4
Doubtful		—		—		—		—		—		—		—		—
Total	$	561	$	136	$	24	$	14	$	7	$	8	$	—	$	750

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Farm
Risk rating:
Pass	$	117	$	42	$	15	$	10	$	7	$	23	$	—	$	214
Special mention		—		—		—		—		—		—		—		—
Substandard		1		1		—		1		—		—		—		3
Doubtful		—		—		—		—		—		—		—		—
Total	$	118	$	43	$	15	$	11	$	7	$	23	$	—	$	217

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Owner Occupied CRE
Risk rating:
Pass	$	214	$	128	$	77	$	56	$	31	$	84	$	—	$	590
Special mention		—		1		12		—		7		3		—		23
Substandard		—		1		3		1		3		3		—		11
Doubtful		—		—		—		—		—		—		—		—
Total	$	214	$	130	$	92	$	57	$	41	$	90	$	—	$	624

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Owner Occupied CRE
Risk rating:
Pass	$	250	$	143	$	114	$	90	$	59	$	117	$	—	$	773
Special mention		2		2		1		—		1		1		—		7
Substandard		8		2		3		13		5		11		—		42
Doubtful		—		—		—		—		—		—		—		—
Total	$	260	$	147	$	118	$	103	$	65	$	129	$	—	$	822

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Residential
Risk rating:
Pass	$	477	$	230	$	115	$	84	$	68	$	222	$	100	$	1,296
Special mention		3		4		—		1		1		3		1		13
Substandard		3		3		3		2		2		10		2		25
Doubtful		—		—		—		—		—		—		—		—
Total	$	483	$	237	$	118	$	87	$	71	$	235	$	103	$	1,334

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Auto
Risk rating:
Pass	$	218	$	105	$	54	$	17	$	7	$	2	$	—	$	403
Special mention		1		—		—		—		—		—		—		1
Substandard		—		—		1		—		—		—		—		1
Doubtful		—		—		—		—		—		—		—		—
Total	$	219	$	105	$	55	$	17	$	7	$	2	$	—	$	405

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Auto
Risk rating:
Pass	$	81	$	22	$	8	$	4	$	1	$	1	$	7	$	124
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	81	$	22	$	8	$	4	$	1	$	1	$	7	$	124

December 31,	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Total Loans
Risk rating:
Pass	$	2,548	$	1,005	$	471	$	332	$	217	$	548	$	107	$	5,228
Special mention		12		8		17		1		9		7		1		55
Substandard		25		14		11		20		10		24		2		106
Doubtful		—		—		—		—		—		—		—		—
Total	$	2,585	$	1,027	$	499	$	353	$	236	$	579	$	110	$	5,389

Schedule of Past Due Loans

he Company’s past due loans are as follows (dollars in thousands):

March 31, 2022	15-59 Days Past Due*		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		90 Days Past Due Still Accruing
Commercial:
C&I	$	8,971	$	36	$	1,658	$	10,665	$	827,384	$	838,049	$	—
Municipal		153		—		—		153		191,646		191,799		—
Total Commercial		9,124		36		1,658		10,818		1,019,030		1,029,848		—
Agricultural		4,846		—		—		4,846		78,037		82,883		—
Real Estate:
Construction & Development		3,562		—		37		3,599		802,612		806,211		—
Farm		7		—		445		452		225,490		225,942		—
Non-Owner Occupied CRE		5,066		108		—		5,174		630,986		636,160		—
Owner Occupied CRE		2,789		1,028		525		4,342		876,839		881,181		—
Residential		6,757		224		250		7,231		1,344,931		1,352,162		—
Total Real Estate		18,181		1,360		1,257		20,798		3,880,858		3,901,656		—
Consumer:
Auto		302		49		20		371		419,447		419,818		8
Non-Auto		125		—		3		128		131,836		131,964		3
Total Consumer		427		49		23		499		551,283		551,782		11
Total	$	32,578	$	1,445	$	2,938	$	36,961	$	5,529,208	$	5,566,169	$	11

March 31, 2021	15-59 Days Past Due*		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		90 Days Past Due Still Accruing
Commercial:
C&I	$	3,469	$	283	$	303	$	4,055	$	1,174,071	$	1,178,126	$	1
Municipal		19		—		—		19		176,930		176,949		—
Total Commercial		3,488		283		303		4,074		1,351,001		1,355,075		1
Agricultural		2,535		—		—		2,535		87,831		90,366		—
Real Estate:
Construction & Development		1,810		41		66		1,917		586,011		587,928		—
Farm		71		—		—		71		161,975		162,046		—
Non-Owner Occupied CRE		695		—		—		695		649,449		650,144		—
Owner Occupied CRE		1,847		—		—		1,847		758,059		759,906		1
Residential		6,920		67		—		6,987		1,247,740		1,254,727		—
Total Real Estate		11,343		108		66		11,517		3,403,234		3,414,751		1
Consumer:
Auto		470		31		10		511		369,516		370,027		—
Non-Auto		129		11		—		140		92,203		92,343		—
Total Consumer		599		42		10		651		461,719		462,370		—
Total	$	17,965	$	433	$	379	$	18,777	$	5,303,785	$	5,322,562	$	2

December 31, 2021	15-59 Days Past Due*		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		90 Days Past Due Still Accruing
Commercial:
C&I	$	3,638	$	34	$	222	$	3,894	$	833,181	$	837,075	$	5
Municipal		63		—		—		63		177,842		177,905		—
Total Commercial		3,701		34		222		3,957		1,011,023		1,014,980		5
Agricultural		181		—		—		181		97,908		98,089		—
Real Estate:
Construction & Development		2,953		39		—		2,992		746,801		749,793		—
Farm		600		215		—		815		216,405		217,220		—
Non-Owner Occupied CRE		235		—		—		235		623,199		623,434		—
Owner Occupied CRE		813		—		280		1,093		820,560		821,653		—
Residential		4,984		327		410		5,721		1,328,698		1,334,419		—
Total Real Estate		9,585		581		690		10,856		3,735,663		3,746,519		—
Consumer:
Auto		393		26		—		419		404,997		405,416		—
Non-Auto		145		24		3		172		123,796		123,968		3
Total Consumer		538		50		3		591		528,793		529,384		3
Total	$	14,005	$	665	$	915	$	15,585	$	5,373,387	$	5,388,972	$	8

* The Company monitors commercial, agricultural and real estate loans after such loans are 15 days past due. Consumer loans are monitored after such loans are 30 days past due.

Schedule of Loans Modified and Considered Troubled Debt Restructurings

The Company’s loans that were modified and considered troubled debt restructurings for the three-months ended March 31, 2021 are as follows (dollars in thousands):

	Three-Months Ended March 31, 2021
			Pre- Modification		Post- Modification
			Recorded		Recorded
	Number		Investment		Investment
Commercial:
C&I		2	$	149	$	149
Municipal		—		—		—
Total Commercial		2		149		149
Agricultural		—		—		—
Real Estate:
Construction & Development		—		—		—
Farm		—		—		—
Non-Owner Occupied CRE		—		—		—
Owner Occupied CRE		1		500		500
Residential		2		197		197
Total Real Estate		3		697		697
Consumer:
Auto		—		—		—
Non-Auto		—		—		—
Total Consumer		—		—		—
Total		5	$	846	$	846

Schedule of How Loans Were Modified as Troubled Debt Restructured Loans

The balances below provide information as to how the loans were modified as troubled debt restructured loans for the three-months ended March 31, 2021 (in thousands):

	Three-Months Ended March 31, 2021
	Adjusted				Combined
	Interest		Maturity		Rate and
	Rate		Extended		Maturity
Commercial:
C&I	$	—	$	—	$	149
Municipal		—		—		—
Total Commercial		—		—		149
Agricultural		—		—		—
Real Estate:
Construction & Development		—		—		—
Farm		—		—		—
Non-Owner Occupied CRE		—		—		—
Owner Occupied CRE		—		—		500
Residential		—		—		197
Total Real Estate		—		—		697
Consumer:
Auto		—		—		—
Non-Auto		—		—		—
Total Consumer		—		—		—
Total	$	—	$	—	$	846