Loans (Tables)

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Schedule of Loan Balances

Loan balances were as follows:

(In Thousands of Dollars)	June 30, 2022			December 31, 2021
Commercial real estate
Owner occupied	$	341,194		$	340,369
Non-owner occupied		574,177			533,240
Farmland		176,216			177,706
Other		124,872			138,282
Commercial
Commercial and industrial		285,981			313,836
Agricultural		54,261			54,659
Residential real estate
1-4 family residential		464,489			453,635
Home equity lines of credit		129,392			127,433
Consumer
Indirect		191,871			159,006
Direct		18,049			21,121
Other		8,299			9,395
Total loans	$	2,368,801		$	2,328,682
Net Deferred loan costs		5,684			2,400
Allowance for credit losses		(27,454	)		(29,386	)
Net loans	$	2,347,031		$	2,301,696

Activity in the Allowance for Loan Losses by Portfolio Segment

Allowance for credit loss activity

The following tables present the activity in the allowance for credit losses by portfolio segment for the three and six month periods ended June 30, 2022 and 2021:

Three Months Ended June 30, 2022

(In Thousands of Dollars)	Commercial Real Estate			Commercial			Residential Real Estate		Consumer			Total
Allowance for credit losses
Beginning balance	$	15,207		$	3,867		$	4,702	$	3,239		$	27,015
(Credit) Provision for credit losses		(349	)		70			197		564			482
Loans charged off		0			(46	)		0		(132	)		(178	)
Recoveries		1			2			16		116			135
Total ending allowance balance	$	14,859		$	3,893		$	4,915	$	3,787		$	27,454

Six Months Ended June 30, 2022

(In Thousands of Dollars)	Commercial Real Estate			Commercial			Residential Real Estate			Consumer			Total
Allowance for credit losses
Beginning balance	$	15,879		$	4,949		$	4,870		$	3,688		$	29,386
(Credit) Provision for credit losses		(1,021	)		341			51			181			(448	)
Loans charged off		0			(1,405	)		(34	)		(329	)		(1,768	)
Recoveries		1			8			28			247			284
Total ending allowance balance	$	14,859		$	3,893		$	4,915		$	3,787		$	27,454

Three Months Ended June 30, 2021

(In Thousands of Dollars)	Commercial Real Estate			Commercial			Residential Real Estate			Consumer			Total
Allowance for credit losses
Beginning balance	$	8,844		$	5,450		$	3,961		$	6,680		$	24,935
(Credit) Provision for credit losses		3,435			(988	)		247			(2,644	)		50
Loans charged off		(20	)		(38	)		(99	)		(345	)		(502	)
Recoveries		31			176			21			95			323
Total ending allowance balance	$	12,290		$	4,600		$	4,130		$	3,786		$	24,806

Six Months Ended June 30, 2021

(In Thousands of Dollars)	Commercial Real Estate			Commercial			Residential Real Estate			Consumer			Total
Allowance for credit losses
Beginning balance	$	10,824		$	5,073		$	3,643		$	2,604		$	22,144
Impact of CECL adoption		(2,076	)		429			237			3,860			2,450
(Credit) Provision for credit losses		3,531			(1,013	)		336			(2,379	)		475
Loans charged off		(20	)		(72	)		(166	)		(528	)		(786	)
Recoveries		31			183			80			229			523
Total ending allowance balance	$	12,290		$	4,600		$	4,130		$	3,786		$	24,806

Schedule of Investment in Nonaccrual and Loans Past Due 90 Days or More Still on Accrual by Class of Loans

The following table presents the recorded investment in nonaccrual and loans past due 90 days or more still on accrual by class of loans as of June 30, 2022 and December 31, 2021:

	June 30, 2022				December 31, 2021
(In Thousands of Dollars)	Nonaccrual		Loans Past Due 90 Days or More Still Accruing		Nonaccrual		Loans Past Due 90 Days or More Still Accruing
Commercial real estate
Owner occupied	$	1,038	$	0	$	433	$	0
Non-owner occupied		3,464		0		2,511		0
Farmland		46		0		274		0
Other		47		0		60		0
Commercial
Commercial and industrial		3,957		37		7,190		54
Agricultural		67		0		40		0
Residential real estate
1-4 family residential		2,874		1,073		3,363		459
Home equity lines of credit		811		25		917		36
Consumer
Indirect		398		50		455		123
Direct		200		20		227		53
Other		0		0		0		0
Total loans	$	12,902	$	1,205	$	15,470	$	725

Schedule of Investment in Past Due Loans

The following tables present the aging of the recorded investment in past due loans as of June 30, 2022 and December 31, 2021 by class of loans. Note that loans on a modification to defer payments under the CARES Act are included in loans not past due for the period ending December 31, 2021. There were no loans on deferred payments at June 30, 2022.

(In Thousands of Dollars)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due and Nonaccrual		Total Past Due		Loans Not Past Due		Total
June 30, 2022
Commercial real estate
Owner occupied	$	500	$	0	$	1,038	$	1,538	$	339,277	$	340,815
Non-owner occupied		47		384		3,464		3,895		569,596		573,491
Farmland		0		0		46		46		175,865		175,911
Other		0		0		47		47		124,567		124,614
Commercial
Commercial and industrial		492		80		3,994		4,566		281,703		286,269
Agricultural		432		0		67		499		54,056		54,555
Residential real estate
1-4 family residential		3,944		1,224		3,947		9,115		454,651		463,766
Home equity lines of credit		179		9		836		1,024		128,395		129,419
Consumer
Indirect		887		169		448		1,504		197,739		199,243
Direct		235		30		220		485		17,618		18,103
Other		104		0		0		104		8,195		8,299
Total loans	$	6,820	$	1,896	$	14,107	$	22,823	$	2,351,662	$	2,374,485

(In Thousands of Dollars)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due and Nonaccrual		Total Past Due		Loans Not Past Due		Total
December 31, 2021
Commercial real estate
Owner occupied	$	70	$	591	$	433	$	1,094	$	338,880	$	339,974
Non-owner occupied		394		311		2,511		3,216		529,490		532,706
Farmland		0		0		274		274		177,143		177,417
Other		56		0		60		116		137,878		137,994
Commercial
Commercial and industrial		256		100		7,244		7,600		304,932		312,532
Agricultural		100		28		40		168		54,706		54,874
Residential real estate
1-4 family residential		4,452		1,077		3,822		9,351		443,441		452,792
Home equity lines of credit		80		12		953		1,045		126,405		127,450
Consumer
Indirect		795		275		578		1,648		163,112		164,760
Direct		203		91		280		574		20,614		21,188
Other		0		0		0		0		9,395		9,395
Total loans	$	6,406	$	2,485	$	16,195	$	25,086	$	2,305,996	$	2,331,082