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Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Schedule of composition of loan portfolio by loan class
The following table illustrates the composition of the Corporation’s loan portfolio by loan class for the periods indicated:
June 30, 2021December 31, 2020
Commercial and industrial loans$2,671,076 $2,776,699 
Agricultural land, production and other loans to farmers235,020 281,884 
Real estate loans:
Construction491,200 484,723 
Commercial real estate, non-owner occupied2,263,497 2,220,949 
Commercial real estate, owner occupied953,501 958,501 
Residential1,127,442 1,234,741 
Home equity489,997 508,259 
Individuals' loans for household and other personal expenditures130,819 129,479 
Public finance and other commercial loans758,698 647,939 
Loans$9,121,250 $9,243,174 
Schedule of credit quality and collateral of loan portfolio by loan class
The following tables summarize the risk grading of the Corporation’s loan portfolio by loan class and by year of origination for the years indicated. Consumer loans are not risk graded. For the purposes of this disclosure, the consumer loans are classified in the following manner: loans that are less than 30 days past due are Pass, loans 30-89 days past due are Special Mention and loans greater than 89 days past due are Substandard. 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. Loans that evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below. Commercial and industrial loan balances as of June 30, 2021 with an origination year of 2021 and 2020 include PPP loans of $302.0 million and $113.8 million, respectively.


Term Loans (amortized cost basis by origination year)
20212020201920182017PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Commercial and industrial loans
Pass$705,017 $680,616 $220,134 $88,941 $35,001 $61,402 $764,492 $— $2,555,603 
Special Mention8,826 31,372 963 1,214 2,315 2,299 17,494 — 64,483 
Substandard2,496 3,140 6,148 647 345 861 37,353 — 50,990 
Total Commercial and industrial loans$716,339 $715,128 $227,245 $90,802 $37,661 $64,562 $819,339 $— $2,671,076 
Agricultural land, production and other loans to farmers
Pass29,307 53,177 24,414 10,441 7,291 43,426 50,668 — 218,724 
Special Mention132 1,561 186 480 — 392 1,572 — 4,323 
Substandard719 1,893 137 1,732 402 3,479 3,611 — 11,973 
Total Agricultural land, production and other loans to farmers$30,158 $56,631 $24,737 $12,653 $7,693 $47,297 $55,851 $— $235,020 
Real estate loans:
Construction
Pass87,073 190,362 140,397 49,429 3,031 2,788 17,622 490,702 
Special Mention— 367 — — — — 40 — 407 
Substandard— 28 — 62 — 1 — — 91 
Total Construction$87,073 $190,757 $140,397 $49,491 $3,031 $2,789 $17,662 $— $491,200 
Commercial real estate, non-owner occupied
Pass320,351 829,716 276,030 181,489 134,569 177,499 28,768 — 1,948,422 
Special Mention53,576 161,095 — 10,333 — 10,098 1,250 — 236,352 
Substandard5,997 39,117 23,676 2,130 7,503 300 — — 78,723 
Total Commercial real estate, non-owner occupied$379,924 $1,029,928 $299,706 $193,952 $142,072 $187,897 $30,018 $— $2,263,497 
Commercial real estate, owner occupied
Pass154,390 444,147 110,496 48,809 53,093 75,210 35,589 — 921,734 
Special Mention562 5,813 2,570 1,626 2,208 1,748 157 — 14,684 
Substandard954 11,567 — 53 2,734 1,775 — — 17,083 
Total Commercial real estate, owner occupied$155,906 $461,527 $113,066 $50,488 $58,035 $78,733 $35,746 $— $953,501 
Residential
Pass162,624 411,016 124,377 86,116 67,041 258,010 3,919 34 1,113,137 
Special Mention282 1,322 219 657 60 1,152 — — 3,692 
Substandard1,434 3,248 107 1,392 203 4,140 89 — 10,613 
Total Residential$164,340 $415,586 $124,703 $88,165 $67,304 $263,302 $4,008 $34 $1,127,442 
Home equity
Pass24,144 20,741 2,313 2,530 1,605 4,689 430,070 171 486,263 
Special Mention— — — 9 — 59 1,888 — 1,956 
Substandard488 — — 10 98 178 1,004 — 1,778 
Total Home Equity$24,632 $20,741 $2,313 $2,549 $1,703 $4,926 $432,962 $171 $489,997 
Individuals' loans for household and other personal expenditures
Pass31,102 34,212 20,548 15,707 3,433 6,358 17,855 — 129,215 
Special Mention5 223 188 40 16 25 1,107 — 1,604 
Substandard— — — — — — — — — 
Total Individuals' loans for household and other personal expenditures$31,107 $34,435 $20,736 $15,747 $3,449 $6,383 $18,962 $— $130,819 
Public finance and other commercial loans
Pass172,554 189,090 101,518 39,675 108,677 133,286 13,898 — 758,698 
Total Public finance and other commercial loans$172,554 $189,090 $101,518 $39,675 $108,677 $133,286 $13,898 $— $758,698 
Loans$1,762,033 $3,113,823 $1,054,421 $543,522 $429,625 $789,175 $1,428,446 $205 $9,121,250 
December 31, 2020
Commercial
Pass		Commercial
Special
Mention		Commercial SubstandardCommercial
Doubtful		Commercial LossConsumer PerformingConsumer
Non-Performing		Total
Commercial and industrial loans$2,562,077 $117,503 $97,119 $— $— $— $— $2,776,699 
Agricultural land, production and other loans to farmers243,991 26,835 9,885 — — 1,173 — 281,884 
Real estate Loans:
Construction446,846 10,445 5,549 — — 21,763 120 484,723 
Commercial real estate, non-owner occupied1,979,827 160,304 80,818 — — — — 2,220,949 
Commercial real estate, owner occupied907,566 17,641 33,294 — — 958,501 
Residential199,338 2,261 7,058 — — 1,020,687 5,397 1,234,741 
Home equity12,714 — 989 — — 492,999 1,557 508,259 
Individuals' loans for household and other personal expenditures— — — — — 129,440 39 129,479 
Public finance and other commercial loans647,939 — — — — — — 647,939 
Loans$7,000,298 $334,989 $234,712 $— $— $1,666,062 $7,113 $9,243,174 
The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses:
June 30, 2021
Commercial Real EstateResidential Real EstateOtherTotal Allowance on Collateral Dependent Loans
Commercial and industrial loans$— $— $2,106 $2,106 $727 
Agricultural land, production and other loans to farmers562 — 300 862 117 
Real estate loans:
Commercial real estate, non-owner occupied47,834 — — 47,834 4,943 
Commercial real estate, owner occupied2,942 — — 2,942 238 
Residential— 2,981 — 2,981 334 
Home equity— 408 — 408 67 
Individuals' loans for household and other personal expenditures— — 1 1 — 
Loans$51,338 $3,389 $2,407 $57,134 $6,426 
Schedule of past due aging of loan portfolio by loan class The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, for the years indicated:
June 30, 2021
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More Past DueTotalLoans > 90 Days or More Past Due
And Accruing
Commercial and industrial loans$2,658,952 $6,336 $4,590 $1,198 $2,671,076 $— 
Agricultural land, production and other loans to farmers234,432 — — 588 235,020 — 
Real estate loans:
Construction491,200 — — — 491,200 — 
Commercial real estate, non-owner occupied2,221,577 39 5,364 36,517 2,263,497 — 
Commercial real estate, owner occupied949,949 2,127 — 1,425 953,501 — 
Residential1,121,721 2,276 347 3,098 1,127,442 183 
Home equity487,075 832 1,125 965 489,997 — 
Individuals' loans for household and other personal expenditures129,214 1,397 208 — 130,819 — 
Public finance and other commercial loans758,698 — — — 758,698 — 
Loans$9,052,818 $13,007 $11,634 $43,791 $9,121,250 $183 


December 31, 2020
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More Past DueTotalLoans > 90 Days or More Past Due
And Accruing
Commercial and industrial loans$2,761,473 $5,866 $6,571 $2,789 $2,776,699 $594 
Agricultural land, production and other loans to farmers280,615 146 226 897 281,884 — 
Real estate loans:
Construction484,706 — 17 — 484,723 — 
Commercial real estate, non-owner occupied2,184,681 2,525 2,109 31,634 2,220,949 — 
Commercial real estate, owner occupied951,561 4,854 180 1,906 958,501 — 
Residential1,226,779 3,269 1,429 3,264 1,234,741 133 
Home equity503,596 2,644 559 1,460 508,259 19 
Individuals' loans for household and other personal expenditures129,049 334 96 — 129,479 — 
Public finance and other commercial loans647,939 — — — 647,939 — 
Loans$9,170,399 $19,638 $11,187 $41,950 $9,243,174 $746 
Schedule of non-accrual loans by loan class
The following table summarizes the Corporation’s non-accrual loans by loan class for the periods indicated:

June 30, 2021December 31, 2020
Non-Accrual LoansNon-Accrual Loans with no Allowance for Credit LossesNon-Accrual Loans
Commercial and industrial loans$1,467 $781 $2,329 
Agricultural land, production and other loans to farmers682 562 1,012 
Real estate loans:
Construction1 — 123 
Commercial real estate, non-owner occupied45,437 28,179 46,316 
Commercial real estate, owner occupied2,133 926 3,040 
Residential5,552 816 6,517 
Home equity2,248 — 2,095 
Individuals' loans for household and other personal expenditures36 — 39 
Loans$57,556 $31,264 $61,471 
Schedules of troubled debt restructurings
The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the three months and six months ended June 30, 2021 and 2020, respectively.

Three Months Ended June 30, 2021
Pre- Modification Recorded BalanceTerm ModificationCombinationPost - Modification Recorded BalanceNumber of Loans
Real estate loans:
Commercial real estate, owner occupied$21 $— $21 $21 1
Residential6666— 662
Total$87 $66 $21 $87 3

Three Months Ended June 30, 2020
Pre- Modification Recorded BalanceTerm ModificationRate ModificationCombinationPost - Modification Recorded BalanceNumber of Loans
Commercial and industrial loans$654 $654 $— $— $654 3
Agricultural land, production and other loans to farmers458458— — 4581
Real estate loans:
Commercial real estate, owner occupied107 107— — 1071
Residential300— 1122253376
Total$1,519 $1,219 $112 $225 $1,556 11

Six Months Ended June 30, 2021
Pre- Modification Recorded BalanceTerm ModificationRate ModificationCombinationPost - Modification Recorded BalanceNumber of Loans
Commercial and industrial loans$348 $348 $— $— $348 2
Real estate loans:
Commercial real estate, owner occupied21— — 21211
Residential6914491261186939
Total$1,060 $797 $126 $139 $1,062 12 


Six Months Ended June 30, 2020
Pre- Modification Recorded BalanceTerm ModificationRate ModificationCombinationPost - Modification Recorded BalanceNumber of Loans
Commercial and industrial loans$654 $654 $— $— $654 3
Agricultural land, production and other loans to farmers458458— — 4581
Real estate loans:
Commercial real estate, owner occupied107107— — 1071
Residential300— 1122253376
Total$1,519 $1,219 $112 $225 $1,556 11 
The following tables summarize troubled debt restructures that occurred during the twelve months ended June 30, 2021 and 2020, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this schedule, a loan is considered in default if it is 30-days or more past due.
Three Months Ended June 30, 2021Six Months Ended June 30, 2021
Number of LoansRecorded BalanceNumber of LoansRecorded Balance
Commercial and industrial loans2 $163 2 $163 
Real estate loans:    
Residential2 195 2 195 
Total4 $358 4 $358 


Three Months Ended June 30, 2020Six Months Ended June 30, 2020
Number of LoansRecorded BalanceNumber of LoansRecorded Balance
Commercial and industrial loans1 $268 1 $268 
Total1 $268 1 $268 
Schedule of changes in allowance for loan losses
The following tables summarize changes in the allowance for credit losses by loan segment for the three and six months ended June 30, 2021:

Three Months Ended June 30, 2021
CommercialCommercial Real EstateConstructionConsumer & ResidentialTotal
Allowance for credit losses
Balances, March 31, 2021$65,722 $70,861 $20,182 $44,317 $201,082 
Provision for credit losses(1,898)2,842 (3,106)2,162 — 
Recoveries on loans152 33 1 226 412 
Loans charged off(295)(1,035)— (389)(1,719)
Balances, June 30, 2021$63,681 $72,701 $17,077 $46,316 $199,775 


Six Months Ended June 30, 2021
CommercialCommercial Real EstateConstructionConsumerResidentialConsumer & ResidentialTotal
Allowance for credit losses
Balances, December 31, 2020$47,115 $51,070 $— $9,648 $22,815 $— $130,648 
Credit risk reclassifications— (10,284)10,284 (9,648)(22,815)32,463 — 
Balances, December 31, 2020 after reclassifications47,115 40,786 10,284 — — 32,463 130,648 
Impact of adopting ASC 32620,024 34,925 8,805 — — 10,301 74,055 
Balances, January 1, 2021 Post-ASC 326 adoption67,139 75,711 19,089 — — 42,764 204,703 
Provision for credit losses(2,830)1,141 (2,011)— — 3,700 — 
Recoveries on loans340 197 1 — — 568 1,106 
Loans charged off(968)(4,348)(2)— — (716)(6,034)
Balances, June 30, 2021$63,681 $72,701 $17,077 $— $— $46,316 $199,775 


Allowance for Loan Losses under prior GAAP ("Incurred Loss Model")

Prior to the adoption of ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments on January 1, 2021, the Corporation maintained an allowance for loan losses in accordance with the incurred loss model as disclosed in the Corporation's 2020 Annual Report on Form 10-K.

The following tables summarize changes in the allowance for loan losses by loan segment for the three and six months ended June 30, 2020:
Three Months Ended June 30, 2020
 CommercialCommercial
Real Estate		ConsumerResidentialTotal
Allowance for loan losses:    
Balances, March 31, 2020$38,431 $37,907 $5,752 $17,364 $99,454 
Provision for losses6,240 8,945 2,783 3,927 21,895 
Recoveries on loans106 107 56 48 317 
Loans charged off(99)(41)(146)(261)(547)
Balances, June 30, 2020$44,678 $46,918 $8,445 $21,078 $121,119 


 Six Months Ended June 30, 2020
 CommercialCommercial
Real Estate		ConsumerResidentialTotal
Allowance for loan losses:     
Balances, December 31, 2019$32,902 $28,778 $4,035 $14,569 $80,284 
Provision for losses11,941 18,139 4,707 6,860 41,647 
Recoveries on loans549 225 98 118 990 
Loans charged off(714)(224)(395)(469)(1,802)
Balances, June 30, 2020$44,678 $46,918 $8,445 $21,078 $121,119 
Schedule of allowance for credit losses and loan portfolio by loan segment The table below shows the Corporation’s allowance for loan losses under the incurred loss model and loan portfolio by loan segment as of December 31, 2020.
 December 31, 2020
 CommercialCommercial
Real Estate		ConsumerResidentialTotal
Allowance Balances:     
Individually evaluated for impairment$223 $12,246 $— $432 $12,901 
Collectively evaluated for impairment46,892 38,824 9,648 22,383 117,747 
Total Allowance for Loan Losses$47,115 $51,070 $9,648 $22,815 $130,648 
Loan Balances:     
Individually evaluated for impairment$1,258 $51,605 $2 $3,291 $56,156 
Collectively evaluated for impairment3,505,863 3,805,808 129,477 1,739,709 9,180,857 
Loans acquired with deteriorated credit quality577 5,584 — — 6,161 
Loans$3,507,698 $3,862,997 $129,479 $1,743,000 $9,243,174 
Schedule of composition of impaired loans by loan class
The following tables show the composition of the Corporation’s impaired loans, related allowance under the incurred loss model and interest income recognized while impaired by loan class as of the periods indicated:
 December 31, 2020
 Unpaid
Principal
Balance		Recorded
Investment		Related
Allowance
Impaired loans with no related allowance:   
Commercial and industrial loans$1,059 $991 $— 
Real estate Loans:
Commercial real estate, non-owner occupied4,958 4,694 — 
Commercial real estate, owner occupied 2,125 1,310 — 
Residential957 816 — 
Individuals' loans for household and other personal expenditures2 2 — 
Total$9,101 $7,813 $— 
Impaired loans with related allowance:   
Commercial and industrial loans$268 $268 $223 
Agricultural land, production and other loans to farmers640 562 3 
Real estate Loans:  
Commercial real estate, non-owner occupied44,016 43,715 11,686 
Commercial real estate, owner occupied2,061 1,323 557 
Residential2,041 2,014 352 
Home equity487 461 80 
Total$49,513 $48,343 $12,901 
Total Impaired Loans$58,614 $56,156 $12,901 


 Three Months Ended June 30, 2020Six Months Ended June 30, 2020
 Average
Recorded Investment		Interest
Income Recognized		Average
Recorded Investment		Interest
Income Recognized
Impaired loans with no related allowance:    
Commercial and industrial loans$5,008 $— $5,008 $— 
Real estate Loans:
Commercial and farmland7,637 37 7,910 75 
Residential59 1 59 2 
Individuals' loans for household and other personal expenditures3 — 3 — 
Total$12,707 $38 $12,980 $77 
Impaired loans with related allowance:
Commercial and industrial loans$10,304 $— $10,304 $— 
Real estate Loans:
Commercial and farmland18,910 — 19,156 — 
Residential3,020 19 3,032 38 
Home equity387 3 390 6 
Total$32,621 $22 $32,882 $44 
Total Impaired Loans$45,328 $60 $45,862 $121 
Schedule of financial instruments with off-balance sheet risk
Financial instruments with off-balance sheet risk were as follows:
June 30, 2021December 31, 2020
Amounts of commitments:
Loan commitments to extend credit$3,884,912 $3,443,514 
Standby letters of credit$32,505 $29,555 
Schedule of allowance for credit losses, off-balance sheet
The following table details activity in the allowance for credit losses on off-balance sheet commitments:
Three Months Ended
June 30, 2021
Balances, March 31, 2021$20,500 
Provision for credit losses— 
Balances, June 30, 2021$20,500