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Loans
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Loans Loans
The table below identifies the Company’s loan portfolio segments and classes.
Portfolio SegmentClass of Financing Receivable
CommercialOwner occupied real estate
Non-owner occupied real estate
Residential spec homes
Development & spec land
Commercial and industrial
Real estateResidential mortgage
Residential construction
Mortgage warehouseMortgage warehouse
ConsumerInstallment
Indirect auto
Home equity
Portfolio segment is defined as a level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Class of financing receivable is defined as a group of financing receivables determined on the basis of both of the following, 1) risk characteristics of the financing receivable, and 2) an entity’s method for monitoring and assessing credit risk. Generally, the Bank does not move loans from a revolving loan to a term loan other than construction loans. Construction loans are reviewed and rewritten prior to being originated as a term loan.
The following table presents total loans outstanding by portfolio class, as of June 30, 2024 and December 31, 2023:
June 30,
2024		December 31,
2023
Commercial
Owner occupied real estate$632,200 $640,731 
Non–owner occupied real estate1,439,509 1,273,838 
Residential spec homes12,479 13,489 
Development & spec land33,584 34,039 
Commercial and industrial786,788 712,863 
Total commercial2,904,560 2,674,960 
Real estate
Residential mortgage779,894 654,295 
Residential construction18,062 26,841 
Mortgage warehouse68,917 45,078 
Total real estate866,873 726,214 
Consumer
Installment106,028 52,366 
Indirect auto382,079 399,946 
Home equity563,300 564,144 
Total consumer1,051,407 1,016,456 
Total loans4,822,840 4,417,630 
Allowance for credit losses(52,215)(50,029)
Net loans$4,770,625 $4,367,601 
Total loans include net deferred loan costs of $21.2 million at June 30, 2024 and $21.9 million at December 31, 2023, respectively.
Non–performing Loans

The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans at June 30, 2024:

June 30, 2024
Non–accrualLoans Past
Due Over 90
Days Still
Accruing		Non–accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$2,558 $— $1,737 
Non–owner occupied real estate462 — 462 
Residential spec homes— — — 
Development & spec land593 — 593 
Commercial and industrial708 — 20 
Total commercial4,321 — 2,812 
Real estate
Residential mortgage8,489 133 — 
Residential construction— — — 
Mortgage warehouse— — — 
Total real estate8,489 133 — 
Consumer
Installment199 196 — 
Indirect auto1,218 212 — 
Home equity4,036 498 — 
Total consumer5,453 906 — 
Total$18,263 $1,039 $2,812 
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loan at December 31, 2023:

December 31, 2023
Non–accrualLoans Past
Due Over 90
Days Still
Accruing		Non–accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$2,636 $— $1,789 
Non–owner occupied real estate3,485 — 1,242 
Residential spec homes— — — 
Development & spec land617 — 617 
Commercial and industrial624 — 20 
Total commercial7,362 — 3,668 
Real estate
Residential mortgage8,058 — — 
Residential construction— — — 
Mortgage warehouse— — — 
Total real estate8,058 — — 
Consumer
Installment88 — — 
Indirect auto899 299 — 
Home equity3,303 260 — 
Total consumer4,290 559 — 
Total$19,710 $559 $3,668 
There was no interest income recognized on non-accrual loans during the three and six months ended June 30, 2024 and 2023, respectively, while the loans were in non-accrual status.
The amount of accrued interest receivable written off by the Company by reversing interest income was not material for the three and six months ended June 30, 2024 and June 30, 2023, respectively.
The following table presents the payment status by class of loan at June 30, 2024:
June 30, 2024
Current30–59 Days
Past Due		60–89 Days
Past Due		90 Days or
Greater
Past Due		Total 
Past Due
Loans		Total
Loans
Commercial
Owner occupied real estate$630,034 $723 $1,342 $101 $2,166 $632,200 
Non–owner occupied real estate1,439,186 323 — — 323 1,439,509 
Residential spec homes12,479 — — — — 12,479 
Development & spec land33,584 — — — — 33,584 
Commercial and industrial784,821 449 1,436 82 1,967 786,788 
Total commercial2,900,104 1,495 2,778 183 4,456 2,904,560 
Real estate
Residential mortgage770,599 90 6,005 3,200 9,295 779,894 
Residential construction18,062 — — — — 18,062 
Mortgage warehouse68,917 — — — — 68,917 
Total real estate857,578 90 6,005 3,200 9,295 866,873 
Consumer
Installment104,388 1,166 178 296 1,640 106,028 
Indirect auto377,002 4,023 503 551 5,077 382,079 
Home equity554,712 4,520 1,221 2,847 8,588 563,300 
Total consumer1,036,102 9,709 1,902 3,694 15,305 1,051,407 
Total$4,793,784 $11,294 $10,685 $7,077 $29,056 $4,822,840 
The following table presents the payment status by class of loan at December 31, 2023:
December 31, 2023
Current30–59 Days
Past Due		60–89 Days
Past Due		90 Days or
Greater
Past Due		Total 
Past Due
Loans		Total
Commercial
Owner occupied real estate$638,389 $2,342 $— $— $2,342 $640,731 
Non–owner occupied real estate1,273,791 — — 47 47 1,273,838 
Residential spec homes13,489 — — — — 13,489 
Development & spec land33,036 — 1,003 — 1,003 34,039 
Commercial and industrial710,567 1,659 54 583 2,296 712,863 
Total commercial2,669,272 4,001 1,057 630 5,688 2,674,960 
Real estate
Residential mortgage646,984 2,823 2,353 2,135 7,311 654,295 
Residential construction26,841 — — — — 26,841 
Mortgage warehouse45,078 — — — — 45,078 
Total real estate718,903 2,823 2,353 2,135 7,311 726,214 
Consumer
Installment52,001 304 10 51 365 52,366 
Indirect auto393,615 4,958 736 637 6,331 399,946 
Home equity558,062 3,748 1,217 1,117 6,082 564,144 
Total consumer1,003,678 9,010 1,963 1,805 12,778 1,016,456 
Total$4,391,853 $15,834 $5,373 $4,570 $25,777 $4,417,630 
The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date.
Modified Loans
The Company adopted ASU 2022–02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, during the first quarter of 2023. These amendments eliminated the troubled debt restructured (“TDR”) recognition measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty.
For the three and six months ended June 30, 2024, the Company did not have material modifications of loans with borrowers experiencing financial difficulty. Similarly, the Company did not modify any loans with borrowers experiencing financial difficulty for the three and six months ended June 30, 2023.
Collateral Dependent Financial Assets
A collateral dependent financial loan relies solely on the operation or sale of the collateral for repayment. In evaluating the overall risk associated with the loan, the Company considers character, overall financial condition and resources, and payment record of the borrower; the prospects for support from any financially responsible guarantors; and the nature and degree of protection provided by the cash flow and value of any underlying collateral. However, as other sources of repayment become inadequate over time, the significance of the collateral's value increases and the loan may become collateral dependent.
The tables below present the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses, at June 30, 2024 and December 31, 2023.
June 30, 2024
Real EstateAccounts Receivable/EquipmentOther
Total (1)
ACL
Allocation
Commercial
Owner occupied real estate$2,558 $— $— $2,558 $221 
Non–owner occupied real estate462 — — 462 — 
Residential spec homes— — — — — 
Development & spec land593 — — 593 — 
Commercial and industrial563 38 20 621 601 
Total commercial4,176 38 20 4,234 822 
Total collateral dependent loans$4,176 $38 $20 $4,234 $822 
(1) Collateral dependent loans had a collateral fair value of $5.1 million at June 30, 2024
December 31, 2023
Real EstateAccounts Receivable/EquipmentOther
Total (1)
ACL
Allocation
Commercial
Owner occupied real estate$2,636 $— $— $2,636 $190 
Non–owner occupied real estate3,485 — — 3,485 699 
Residential spec homes— — — — — 
Development & spec land617 — — 617 — 
Commercial and industrial563 42 20 625 604 
Total commercial7,301 42 20 7,363 1,493 
Total collateral dependent loans$7,301 $42 $20 $7,363 $1,493 
(1) Collateral dependent loans had a collateral fair value of $6.3 million at December 31, 2023
As of June 30, 2024, the Company had a carrying value of $1.2 million of repossessed assets. As of June 30, 2024, the Company had a recorded net investment of $0.4 million of consumer mortgage loans in which foreclosure proceedings have commenced.
Credit Quality Indicators
Horizon Bank’s processes for determining credit quality differ slightly depending on whether a new loan or a renewed loan is being underwritten, or whether an existing loan is being re–evaluated for credit quality. The latter usually occurs upon receipt of current financial information or other pertinent data that would trigger a change in the credit quality grade.
•For new and renewed commercial loans, the Bank’s Credit Department, which acts independently of the loan officer, assigns the credit quality grade to the loan. Loan grades for loans with an aggregate credit exposure that exceeds the authorities in the respective regions (ranging from $3,000,000 to $6,000,000) are validated by the Loan Committee, which is chaired by the Chief Commercial Banking Officer (“CCBO”).
•Commercial loan officers are responsible for reviewing their loan portfolios and promptly assessing any adverse change in credit quality and revising the risk rating appropriately. When circumstances warrant a change in the credit quality grade, loan officers are required to notify the Credit Department of the change in the credit quality grade. Downgrades are accepted immediately, however, lenders must present their factual information to the Credit Department when recommending an upgrade. Downgrades to impaired status require the concurrence of the CCBO and the Senior Workout Loan Manager.
•The CCBO, or a designee, meets periodically with loan officers to discuss the status of past due loans and classified loans. These meetings are also designed to give the loan officers an opportunity to identify an existing loan that should be downgraded to a classified grade.
•Monthly, senior management meets as members of the Watch Committee, which reviews all of the past due, classified, and impaired loans and the relative trends of these assets. This committee also reviews the actions taken by management regarding foreclosure mitigation, loan extensions, loan modifications, other real estate owned and personal property repossessions. The information reviewed in this meeting acts as a precursor for developing management’s analysis of the adequacy of the Allowance for Credit Losses on Loans and Leases.
For residential real estate and consumer loans, Horizon uses a grading system based on delinquency. Loans that are 90 days or more past due, on non–accrual, or are classified as modified loans are graded “Substandard.” After being 90 to 120 days delinquent a loan is charged off unless it is well secured and in the process of collection. If the latter case exists, the loan is placed on non–accrual. Occasionally a mortgage loan may be graded as “Special Mention.” When this situation arises, it is because the characteristics of the loan and the borrower fit the definition of a Risk Grade 5 described below, which is normally used for grading commercial loans. Loans not graded Substandard are considered Pass.
Horizon Bank employs a nine–grade rating system to determine the credit quality of commercial loans. The first five grades represent acceptable quality, and the last four grades mirror the criticized and classified grades used by the bank regulatory agencies (special mention, substandard, doubtful, and loss). The loan grade definitions are detailed below.
Risk Grade 1: Excellent (Pass)
Loans secured by liquid collateral, such as certificates of deposit, reputable bank letters of credit, or other cash equivalents or loans to any publicly held company with a current long–term debt rating of A or better and meeting defined key financial metric ranges.
Risk Grade 2: Good (Pass)
Loans to businesses that have strong financial statements containing an unqualified opinion from a CPA firm and at least three years consecutive years of profits; loans supported by unaudited financial statements containing strong balance sheets, five consecutive years of profits, a five year satisfactory relationship with the Bank, and key balance sheet and income statement trends that are either stable or positive; loans secured by publicly traded marketable securities with required margins where there is no impediment to liquidation; loans to individuals backed by liquid personal assets and unblemished credit histories; or loans to publicly held companies with current long–term debt ratings of Baa or better and meeting defined key financial metric ranges.
Risk Grade 3: Satisfactory (Pass)
Loans supported by financial statements (audited or unaudited) that indicate average or slightly below average risk and having some deficiency or vulnerability to changing economic conditions; loans with some weakness but
offsetting features of other support are readily available; loans that are meeting the terms of repayment, but which may be susceptible to deterioration if adverse factors are encountered and meeting defined key financial metric ranges. Loans may be graded Satisfactory when there is no recent information on which to base a current risk evaluation and the following conditions apply:
•At inception, the loan was properly underwritten, did not possess an unwarranted level of credit risk, and the loan met the above criteria for a risk grade of Excellent, Good, or Satisfactory;
•At inception, the loan was secured with collateral possessing a loan value adequate to protect the Bank from loss.
•The loan has exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance.
•During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the borrower is in an industry known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk grade may be warranted.
Risk Grade 4: Satisfactory/Monitored (Pass)
Loans in this category are considered to be of acceptable credit quality, but contain greater credit risk than Satisfactory rated loans and meet defined key financial metric ranges. Borrower displays acceptable liquidity, leverage, and earnings performance within the Bank’s minimum underwriting guidelines. The level of risk is acceptable but conditioned on the proper level of loan officer supervision. Loans that normally fall into this grade include acquisition, construction and development loans and income producing properties that have not reached stabilization.
Risk Grade 4W: Management Watch (Pass)
Loans in this category are considered to be of acceptable quality and meet defined key financial metric ranges, but with above normal risk. Borrower displays potential indicators of weakness in the primary source of repayment resulting in a higher reliance on secondary sources of repayment. Balance sheet may exhibit weak liquidity and/or high leverage. There is inconsistent earnings performance without the ability to sustain adverse economic conditions. Borrower may be operating in a declining industry or the property type, as for a commercial real estate loan, may be high risk or in decline. These loans require an increased level of loan officer supervision and monitoring to assure that any deterioration is addressed in a timely fashion. Commercial construction loans are graded as 4W Management Watch until the projects are completed and stabilized.
Risk Grade 5: Special Mention
Loans which possess some temporary (normally less than one year) credit deficiency or potential weakness which deserves close attention. Such loans pose an unwarranted financial risk that, if not corrected, could weaken the loan by adversely impacting the future repayment ability of the borrower. The key distinctions of a Special Mention classification are that (1) it is indicative of an unwarranted level of risk and (2) weaknesses are considered “potential,” not “defined,” impairments to the primary source of repayment. These loans may be to borrowers with adverse trends in financial performance, collateral value and/or marketability, or balance sheet strength and must meet defined key financial metric ranges.
Risk Grade 6: Substandard
One or more of the following characteristics may be exhibited in loans classified Substandard:
•Loans which possess a defined credit weakness. The likelihood that a loan will be paid from the primary source of repayment is uncertain. Financial deterioration is under way and very close attention is warranted to ensure that the loan is collected without loss.
•Loans are inadequately protected by the current net worth and paying capacity of the obligor.
•The primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment, such as collateral liquidation or guarantees.
•Loans have a distinct possibility that the Bank will sustain some loss if deficiencies are not corrected.
•Unusual courses of action are needed to maintain a high probability of repayment.
•The borrower is not generating enough cash flow to repay loan principal; however, it continues to make interest payments.
•The lender is forced into a subordinated or unsecured position due to flaws in documentation.
•Loans have been restructured so that payment schedules, terms, and collateral represent concessions to the borrower when compared to the normal loan terms.
•The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan.
•There is a significant deterioration in market conditions to which the borrower is highly vulnerable.
•The borrower meets defined key financial metric ranges.
Risk Grade 7: Doubtful
One or more of the following characteristics may be present in loans classified Doubtful:
•Loans have all of the weaknesses of those classified as Substandard. However, based on existing conditions, these weaknesses make full collection of principal highly improbable.
•The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment.
•The possibility of loss is high but because of certain important pending factors which may strengthen the loan, loss classification is deferred until the exact status of repayment is known.
•The borrower meets defined key financial metric ranges.
Risk Grade 8: Loss
Loans are considered uncollectible and of such little value that continuing to carry them as assets is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future.
The following tables present loans by credit grades and origination year at June 30, 2024.

June 30, 202420242023202220212020PriorRevolving Term LoansRevolving LoansTotal
Commercial
Owner occupied real estate
Pass$31,421 $70,005 $93,077 $69,976 $39,615 $193,454 $84,482 $10,861 $592,891 
Special Mention— 2,121 484 3,696 144 11,613 — 452 18,510 
Substandard— 4,282 1,060 6,394 — 9,063 — — 20,799 
Doubtful— — — — — — — — — 
Total owner occupied real estate$31,421 $76,408 $94,621 $80,066 $39,759 $214,130 $84,482 $11,313 $632,200 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $1 $— $— $1 
Non–owner occupied real estate
Pass$108,271 $115,778 $204,319 $138,375 $103,251 $370,579 $326,424 $9,776 $1,376,773 
Special Mention— 1,351 19,120 1,292 — 37,749 — — 59,512 
Substandard85 — — — 153 2,986 — — 3,224 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$108,356 $117,129 $223,439 $139,667 $103,404 $411,314 $326,424 $9,776 $1,439,509 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $— $— $— $— 
Residential spec homes
Pass$420 $504 $— $420 $— $— $4,111 $7,024 $12,479 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$420 $504 $— $420 $— $— $4,111 $7,024 $12,479 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $— $— $— $— 
Development & spec land
Pass$722 $4,244 $804 $492 $359 $2,027 $22,727 $302 $31,677 
Special Mention— — — — — 322 145 — 467 
Substandard— 748 — — — 99 593 — 1,440 
Doubtful— — — — — — — — — 
Total development & spec land$722 $4,992 $804 $492 $359 $2,448 $23,465 $302 $33,584 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $— $— $— $— 
Commercial & industrial
Pass$101,833 $118,032 $137,913 $83,188 $9,762 $68,583 $58,796 $168,230 $746,337 
Special Mention1,046 1,409 1,170 28 1,252 1,628 10,179 12,962 29,674 
Substandard148 1,670 792 422 235 4,192 971 2,347 10,777 
Doubtful— — — — — — — — — 
Total commercial & industrial$103,027 $121,111 $139,875 $83,638 $11,249 $74,403 $69,946 $183,539 $786,788 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $— $108 $— $108 
June 30, 202420242023202220212020PriorRevolving Term LoansRevolving LoansTotal
Real estate
Residential mortgage
Performing$32,178 $149,276 $166,810 $148,059 $81,155 $193,794 $— $— $771,272 
Non–performing— 582 1,886 1,137 249 4,768 — — 8,622 
Total residential mortgage$32,178 $149,858 $168,696 $149,196 $81,404 $198,562 $— $— $779,894 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $2 $— $— $2 
Residential construction
Performing$— $— $— $— $— $— $18,062 $— $18,062 
Non–performing— — — — — — — — — 
Total residential construction$— $— $— $— $— $— $18,062 $— $18,062 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $— $— $— $— 
Mortgage warehouse
Performing$— $— $— $— $— $— $— $68,917 $68,917 
Non–performing— — — — — — — — — 
Total mortgage warehouse$— $— $— $— $— $— $— $68,917 $68,917 
Gross charge–offs for the six months ended June 30, 2024$— $— $— $— $— $— $— $— $— 
June 30, 202420242023202220212020PriorRevolving Term LoansRevolving LoansTotal
Consumer
Installment
Performing$7,313 $67,399 $11,372 $6,496 $3,410 $7,555 $34 $2,054 $105,633 
Non–performing— 313 — 55 — 25 2 — 395 
Total installment$7,313 $67,712 $11,372 $6,551 $3,410 $7,580 $36 $2,054 $106,028 
Gross charge–offs for the six months ended June 30, 2024$61 $32 $124 $1 $17 $21 $— $— $256 
Indirect auto
Performing$31,985 $83,884 $160,052 $64,587 $26,035 $14,106 $— $— $380,649 
Non–performing— 172 592 344 183 139 — — 1,430 
Total indirect auto$31,985 $84,056 $160,644 $64,931 $26,218 $14,245 $— $— $382,079 
Gross charge–offs for the six months ended June 30, 2024$— $145 $606 $224 $77 $67 $— $— $1,119 
Home equity
Performing$6,882 $24,730 $18,674 $2,784 $2,146 $11,205 $17,990 $474,355 $558,766 
Non–performing— 27 331 — 50 392 3,734 — 4,534 
Total home equity$6,882 $24,757 $19,005 $2,784 $2,196 $11,597 $21,724 $474,355 $563,300 
Gross charge–offs for the six months ended June 30, 2024$— $— $52 $88 $— $38 $— $11 $189 
The following tables present loans by credit grades and origination year at December 31, 2023.
December 31, 202320232022202120202019PriorRevolving Term LoansRevolving LoansTotal
Commercial
Owner occupied real estate
Pass$66,814 $101,620 $73,199 $44,067 $41,726 $173,913 $93,432 $8,226 $602,997 
Special Mention3,920 490 3,777 — 2,038 8,128 — 452 18,805 
Substandard1,376 — 6,490 966 228 9,339 530 — 18,929 
Doubtful— — — — — — — — — 
Total owner occupied real estate$72,110 $102,110 $83,466 $45,033 $43,992 $191,380 $93,962 $8,678 $640,731 
Gross charge–offs for the year ended December 31, 2023$— $— $— $— $— $3 $401 $— $404 
Non–owner occupied real estate
Pass$116,031 $197,702 $149,540 $104,591 $83,394 $303,191 $246,569 $9,878 $1,210,896 
Special Mention1,366 16,135 1,334 254 845 36,590 — — 56,524 
Substandard— — — 185 — 6,233 — — 6,418 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$117,397 $213,837 $150,874 $105,030 $84,239 $346,014 $246,569 $9,878 $1,273,838 
Gross charge–offs for the year ended December 31, 2023$— $— $— $— $— $9 $— $— $9 
Residential spec homes
Pass$— $— $498 $— $— $— $5,852 $7,139 $13,489 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$— $— $498 $— $— $— $5,852 $7,139 $13,489 
Gross charge–offs for the year ended December 31, 2023$— $— $— $— $— $— $29 $— $29 
Development & spec land
Pass$5,133 $1,477 $990 $390 $247 $3,146 $20,236 $170 $31,789 
Special Mention— — — — — — 1,529 — 1,529 
Substandard— — — — — 104 617 — 721 
Doubtful— — — — — — — — — 
Total development & spec land$5,133 $1,477 $990 $390 $247 $3,250 $22,382 $170 $34,039 
Gross charge–offs for the year ended December 31, 2023$— $— $— $— $— $— $— $— $— 
Commercial & industrial
Pass$121,969 $151,847 $93,709 $12,154 $20,497 $59,041 $60,539 $147,773 $667,529 
Special Mention1,434 726 265 2,137 119 1,305 9,375 18,836 34,197 
Substandard1,595 703 223 211 768 2,404 2,863 2,370 11,137 
Doubtful— — — — — — — — — 
Total commercial & industrial$124,998 $153,276 $94,197 $14,502 $21,384 $62,750 $72,777 $168,979 $712,863 
Gross charge–offs for the year ended December 31, 2023$— $33 $— $123 $25 $72 $344 $— $597 
December 31, 202320232022202120202019PriorRevolving Term LoansRevolving LoansTotal
Real estate
Residential mortgage
Performing$40,920 $154,803 $157,480 $85,159 $30,464 $177,411 $— $— $646,237 
Non–performing118 1,591 748 259 647 4,695 — — 8,058 
Total residential mortgage$41,038 $156,394 $158,228 $85,418 $31,111 $182,106 $— $— $654,295 
Gross charge–offs for the year ended December 31, 2023$— $28 $— $— $— $20 $— $— $48 
Residential construction
Performing$— $— $— $— $— $— $26,841 $— $26,841 
Non–performing— — — — — — — — — 
Total residential construction$— $— $— $— $— $— $26,841 $— $26,841 
Gross charge–offs for the year ended December 31, 2023$— $— $— $— $— $— $— $— $— 
Mortgage warehouse
Performing$— $— $— $— $— $— $— $45,078 $45,078 
Non–performing— — — — — — — — — 
Total mortgage warehouse$— $— $— $— $— $— $— $45,078 $45,078 
Gross charge–offs for the year ended December 31, 2023$— $— $— $— $— $— $— $— $— 
December 31, 202320232022202120202019PriorRevolving Term LoansRevolving LoansTotal
Consumer
Installment
Performing$14,835 $13,447 $7,859 $4,246 $4,449 $5,074 $6 $2,362 $52,278 
Non–performing— 44 10 — 27 7 — — 88 
Total installment$14,835 $13,491 $7,869 $4,246 $4,476 $5,081 $6 $2,362 $52,366 
Gross charge–offs for the year ended December 31, 2023$33 $28 $31 $10 $32 $27 $6 $— $167 
Indirect auto
Performing$65,260 $191,871 $80,773 $35,995 $16,690 $8,159 $— $— $398,748 
Non–performing49 424 312 229 124 60 — — 1,198 
Total indirect auto$65,309 $192,295 $81,085 $36,224 $16,814 $8,219 $— $— $399,946 
Gross charge–offs for the year ended December 31, 2023$86 $1,388 $708 $137 $58 $74 $— $— $2,451 
Home equity
Performing$26,376 $21,379 $5,121 $2,447 $3,885 $9,987 $12,713 $478,673 $560,581 
Non–performing— 212 — 54 177 260 2,860 — 3,563 
Total home equity$26,376 $21,591 $5,121 $2,501 $4,062 $10,247 $15,573 $478,673 $564,144 
Gross charge–offs for the year ended December 31, 2023$— $10 $— $103 $— $91 $13 $— $217