LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Summary of Composition of Loan Portfolio by Loan Class

The following table illustrates the composition of the Corporation’s loan portfolio by loan class as of the dates indicated.

	September 30, 2024		December 31, 2023
Commercial and industrial loans	$	4,041,217	$	3,670,948
Agricultural land, production and other loans to farmers	238,743		263,414
Real estate loans:
Construction	814,704		957,545
Commercial real estate, non-owner occupied	2,251,351		2,400,839
Commercial real estate, owner occupied	1,152,751		1,162,083
Residential	2,366,943		2,288,921
Home equity	641,188		617,571
Individuals' loans for household and other personal expenditures	158,480		168,388
Public finance and other commercial loans	981,431		956,318
Loans	$	12,646,808	$	12,486,027

Summary of Credit Quality of Loan Portfolio by Loan Class

The following tables summarize the risk grading of the Corporation’s loan portfolio and gross charge-offs by loan class and by year of origination for the periods indicated. Consumer loans are not risk graded. For the purposes of this disclosure, 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.

	September 30, 2024
	Term Loans (amortized cost basis by origination year)												Revolving loans amortized cost basis		Revolving loans converted to term
	2024		2023		2022		2021		2020		Prior						Total
Commercial and industrial loans
Pass	$	1,110,731	$	625,113	$	259,418	$	180,272	$	62,723	$	53,350	$	1,495,641	$	136	$	3,787,384
Special Mention	14,480		9,872		8,979		2,730		2,731		369		45,459		—		84,620
Substandard	28,078		32,296		24,365		7,007		1,655		1,670		72,482		555		168,108
Doubtful	—		1,105		—		—		—		—		—		—		1,105
Total Commercial and industrial loans	1,153,289		668,386		292,762		190,009		67,109		55,389		1,613,582		691		4,041,217
Current period gross charge-offs	1,178		37,655		242		8,577		498		236		—		—		48,386
Agricultural land, production and other loans to farmers
Pass	23,646		24,039		33,909		27,872		28,250		32,445		63,526		—		233,687
Special Mention	171		—		245		—		—		444		548		—		1,408
Substandard	491		50		936		696		516		86		873		—		3,648
Total Agricultural land, production and other loans to farmers	24,308		24,089		35,090		28,568		28,766		32,975		64,947		—		238,743
Real estate loans:
Construction
Pass	186,900		227,462		174,201		73,746		6,518		8,851		12,828		—		690,506
Special Mention	35,150		26,805		18,197		13,341		—		6		—		—		93,499
Substandard	22,000		—		8,699		—		—		—		—		—		30,699
Total Construction	244,050		254,267		201,097		87,087		6,518		8,857		12,828		—		814,704
Commercial real estate, non-owner occupied
Pass	278,958		280,167		346,311		413,970		351,260		299,771		21,681		—		1,992,118
Special Mention	81,543		19,499		19,347		23,624		1,768		28,452		—		—		174,233
Substandard	31,922		5,778		8,982		6,270		19,606		1,614		—		—		74,172
Doubtful	10,828		—		—		—		—		—		—		—		10,828
Total Commercial real estate, non-owner occupied	403,251		305,444		374,640		443,864		372,634		329,837		21,681		—		2,251,351
Current period gross charge-offs	—		339		3		—		—		—		—		—		342
Commercial real estate, owner occupied
Pass	118,117		167,922		173,512		230,821		214,975		144,123		33,613		—		1,083,083
Special Mention	2,220		2,385		8,616		6,545		4,935		1,402		460		—		26,563
Substandard	6,804		12,216		5,204		8,896		2,747		7,083		155		—		43,105
Total Commercial real estate, owner occupied	127,141		182,523		187,332		246,262		222,657		152,608		34,228		—		1,152,751
Current period gross charge-offs	—		—		—		—		9		—		—		—		9
Residential
Pass	166,807		421,280		680,588		408,017		339,835		308,575		6,117		13		2,331,232
Special Mention	1,095		1,975		5,436		3,425		1,745		3,585		—		—		17,261
Substandard	528		1,478		6,836		4,226		1,066		3,991		325		—		18,450
Total Residential	168,430		424,733		692,860		415,668		342,646		316,151		6,442		13		2,366,943
Current period gross charge-offs	—		124		653		123		21		288		—		—		1,209
Home equity
Pass	6,239		6,674		25,743		54,185		11,864		4,346		516,564		6,766		632,381
Special Mention	—		—		—		421		—		33		3,772		593		4,819
Substandard	62		—		572		561		—		206		1,955		632		3,988
Total Home Equity	6,301		6,674		26,315		55,167		11,864		4,585		522,291		7,991		641,188
Current period gross charge-offs	—		10		35		23		—		264		—		—		332
Individuals' loans for household and other personal expenditures
Pass	37,606		24,496		34,052		11,078		3,097		5,215		39,613		369		155,526
Special Mention	42		461		568		1,507		80		8		286		—		2,952
Substandard	—		—		—		—		—		2		—		—		2
Total Individuals' loans for household and other personal expenditures	37,648		24,957		34,620		12,585		3,177		5,225		39,899		369		158,480
Current period gross charge-offs	130		609		397		149		44		50		—		—		1,379
Public finance and other commercial loans
Pass	72,229		53,788		204,870		197,319		151,368		301,284		573		—		981,431
Total Public finance and other commercial loans	72,229		53,788		204,870		197,319		151,368		301,284		573		—		981,431
Loans	$	2,236,647	$	1,944,861	$	2,049,586	$	1,676,529	$	1,206,739	$	1,206,911	$	2,316,471	$	9,064	$	12,646,808
Total current period gross charge-offs	$	1,308	$	38,737	$	1,330	$	8,872	$	572	$	838	$	—	$	—	$	51,657

	December 31, 2023
	Term Loans (amortized cost basis by origination year)												Revolving loans amortized		Revolving loans converted
	2023		2022		2021		2020		2019		Prior		cost basis		to term		Total
Commercial and industrial loans
Pass	$	1,175,967	$	474,601	$	253,148	$	86,226	$	47,910	$	45,020	$	1,393,756	$	60	$	3,476,688
Special Mention	34,356		3,911		1,546		5,149		2,986		241		45,994		—		94,183
Substandard	12,311		20,245		17,733		2,479		1,507		1,512		40,449		144		96,380
Doubtful	857		—		—		—		—		—		2,840		—		3,697
Total Commercial and industrial loans	1,223,491		498,757		272,427		93,854		52,403		46,773		1,483,039		204		3,670,948
Current period gross charge-offs	13,973		2,711		576		5,665		78		261		—		—		23,264
Agricultural land, production and other loans to farmers
Pass	35,633		38,145		31,511		31,048		12,995		25,462		87,534		—		262,328
Special Mention	—		266		—		—		—		122		—		—		388
Substandard	58		150		—		454		—		36		—		—		698
Total Agricultural land, production and other loans to farmers	35,691		38,561		31,511		31,502		12,995		25,620		87,534		—		263,414
Current period gross charge-offs	—		—		—		—		—		—		—		—		—
Real estate loans:
Construction
Pass	403,578		267,587		198,350		8,372		7,723		2,357		11,735		—		899,702
Special Mention	25,894		—		—		20,846		—		—		—		—		46,740
Substandard	1,451		4,330		5,322		—		—		—		—		—		11,103
Total Construction	430,923		271,917		203,672		29,218		7,723		2,357		11,735		—		957,545
Current period gross charge-offs	—		—		—		—		—		—		—		—		—
Commercial real estate, non-owner occupied
Pass	373,378		504,280		535,327		418,553		141,320		200,821		16,744		—		2,190,423
Special Mention	76,382		21,145		7,005		4,531		19,479		27,941		37		—		156,520
Substandard	20,358		10,537		219		20,236		—		2,299		247		—		53,896
Total Commercial real estate, non-owner occupied	470,118		535,962		542,551		443,320		160,799		231,061		17,028		—		2,400,839
Current period gross charge-offs	—		66		—		—		—		—		—		—		66
Commercial real estate, owner occupied
Pass	176,750		199,821		256,346		263,522		99,180		77,485		27,369		—		1,100,473
Special Mention	6,712		5,034		9,319		2,460		919		2,902		514		—		27,860
Substandard	18,092		3,712		4,183		4,545		289		2,929		—		—		33,750
Total Commercial real estate, owner occupied	201,554		208,567		269,848		270,527		100,388		83,316		27,883		—		1,162,083
Current period gross charge-offs	48		—		—		—		2		—		—		—		50
Residential
Pass	395,363		695,056		442,495		365,297		98,654		254,718		4,988		83		2,256,654
Special Mention	2,167		5,591		3,202		1,924		1,065		4,837		200		81		19,067
Substandard	804		3,708		2,529		1,199		866		4,063		31		—		13,200
Total Residential	398,334		704,355		448,226		368,420		100,585		263,618		5,219		164		2,288,921
Current period gross charge-offs	101		252		208		3		3		94		—		—		661
Home equity
Pass	9,375		29,784		61,591		11,084		1,092		3,875		484,330		5,837		606,968
Special Mention	—		715		—		1,092		15		2		5,031		149		7,004
Substandard	63		—		727		—		—		123		2,589		97		3,599
Total Home Equity	9,438		30,499		62,318		12,176		1,107		4,000		491,950		6,083		617,571
Current period gross charge-offs	69		213		224		149		193		1,596		—		—		2,444
Individuals' loans for household and other personal expenditures
Pass	35,781		49,295		28,387		6,726		2,070		5,904		38,619		772		167,554
Special Mention	184		246		138		69		—		14		176		—		827
Substandard	—		6		—		—		1		—		—		—		7
Total Individuals' loans for household and other personal expenditures	35,965		49,547		28,525		6,795		2,071		5,918		38,795		772		168,388
Current period gross charge-offs	147		770		342		77		62		156		—		—		1,554
Public finance and other commercial loans
Pass	65,357		208,347		204,863		155,132		91,619		229,355		1,645		—		956,318
Total Public finance and other commercial loans	65,357		208,347		204,863		155,132		91,619		229,355		1,645		—		956,318
Loans	$	2,870,871	$	2,546,512	$	2,063,941	$	1,410,944	$	529,690	$	892,018	$	2,164,828	$	7,223	$	12,486,027
Total current period gross charge-offs	$	14,338	$	4,012	$	1,350	$	5,894	$	338	$	2,107	$	—	$	—	$	28,039

The tables below present the amortized cost basis of collateral dependent loans by loan class and their respective collateral type, which are individually evaluated to determine expected credit losses. The total collateral dependent loan balance increased $6.0 million, primarily related to an increase of $21.4 million in commercial real estate, non-owner occupied, partially offset by a decrease of $16.3 million in commercial and industrial, for the nine months ended September 30, 2024. The total related allowance balance decreased $4.4 million, primarily related to a decrease of $9.2 million in commercial and industrial, offset by an increase of $4.8 million in commercial real estate, non-owner occupied, for the nine months ended September 30, 2024.

	September 30, 2024
	Commercial Real Estate		Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans
Commercial and industrial loans	$	—	$	—	$	15,685	$	15,685	$	2,312
Real estate loans:
Construction	—		4		—		4		—
Commercial real estate, non-owner occupied	38,959		—		—		38,959		4,864
Commercial real estate, owner occupied	10,575		—		—		10,575		—
Residential	—		1,241		—		1,241		198
Home equity	—		206		—		206		26
Loans	$	49,534	$	1,451	$	15,685	$	66,670	$	7,400

	December 31, 2023
	Commercial Real Estate		Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans
Commercial and industrial loans	$	—	$	—	$	32,029	$	32,029	$	11,474
Real estate loans:
Construction	—		7		—		7		—
Commercial real estate, non-owner occupied	17,516		—		—		17,516		35
Commercial real estate, owner occupied	9,452		—		—		9,452		—
Residential	—		1,439		—		1,439		230
Home equity	—		223		—		223		30
Loans	$	26,968	$	1,669	$	32,029	$	60,666	$	11,769

Summary 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, as of the dates indicated:

	September 30, 2024
	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total		Loans > 90 Days or More Past Due And Accruing
Commercial and industrial loans	$	4,023,016	$	1,906	$	7,805	$	8,490	$	4,041,217	$	930
Agricultural land, production and other loans to farmers	238,221		522		—		—		238,743		—
Real estate loans:
Construction	810,536		2,522		1,646		—		814,704		—
Commercial real estate, non-owner occupied	2,225,782		8,680		485		16,404		2,251,351		12,989
Commercial real estate, owner occupied	1,150,327		501		891		1,032		1,152,751		—
Residential	2,334,312		10,377		6,029		16,225		2,366,943		166
Home equity	632,653		3,212		1,532		3,791		641,188		20
Individuals' loans for household and other personal expenditures	155,526		2,567		385		2		158,480		—
Public finance and other commercial loans	981,431		—		—		—		981,431		—
Loans	$	12,551,804	$	30,287	$	18,773	$	45,944	$	12,646,808	$	14,105

	December 31, 2023
	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total		Loans > 90 Days or More Past Due And Accruing
Commercial and industrial loans	$	3,657,447	$	5,021	$	1,622	$	6,858	$	3,670,948	$	86
Agricultural land, production and other loans to farmers	263,414		—		—		—		263,414		—
Real estate loans:
Construction	955,588		—		1,957		—		957,545		—
Commercial real estate, non-owner occupied	2,376,184		12,995		195		11,465		2,400,839		—
Commercial real estate, owner occupied	1,161,869		—		104		110		1,162,083		—
Residential	2,259,496		11,810		5,472		12,143		2,288,921		—
Home equity	608,948		3,614		1,647		3,362		617,571		52
Individuals' loans for household and other personal expenditures	167,553		635		192		8		168,388		—
Public finance and other commercial loans	956,284		—		—		34		956,318		34
Loans	$	12,406,783	$	34,075	$	11,189	$	33,980	$	12,486,027	$	172

Summary of Non-Accrual Loans by Loan class

The following table summarizes the Corporation’s nonaccrual loans by loan class as of the dates indicated.

	September 30, 2024				December 31, 2023
	Nonaccrual Loans		Nonaccrual Loans with no Allowance for Credit Losses		Nonaccrual Loans		Nonaccrual Loans with no Allowance for Credit Losses
Commercial and industrial loans	$	8,612	$	2,459	$	9,050	$	1,015
Agricultural land, production and other loans to farmers	81		—		58		—
Real estate loans:
Construction	—		—		520		—
Commercial real estate, non-owner occupied	23,283		10,175		11,932		11,095
Commercial real estate, owner occupied	3,237		2,577		3,041		2,257
Residential	18,905		—		25,140		—
Home equity	4,925		—		3,820		—
Individuals' loans for household and other personal expenditures	45		—		19		—
Loans	$	59,088	$	15,211	$	53,580	$	14,367

Summary of Modified Loans

The following tables present the amortized cost basis of loans at September 30, 2024 and 2023 that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2024 and 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.

	Three Months Ended September 30, 2024
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Combination Payment Delay & Term Extension		Combination Interest Rate Reduction & Term Extension		Combination Interest Rate Reduction, Term Extension, & Payment Delay		% of Total Class of Financing Receivable
Commercial and industrial loans	$	9,600	$	10,333	$	—	$	31	$	—	0.49	%
Real estate loans:
Construction	—		915		22,000		—		—		2.81	%
Commercial real estate, non-owner occupied	—		10,254		—		10,828		—		0.94	%
Commercial real estate, owner occupied	—		5,841		—		—		—		0.51	%
Residential	493		56		—		—		304		0.04	%
Home equity	—		62		—		—		—		0.01	%
Total	$	10,093	$	27,461	$	22,000	$	10,859	$	304

	Three Months Ended September 30, 2023
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Combination Interest Rate Reduction & Term Extension		Combination Payment Delay & Term Extension		% of Total Class of Financing Receivable
Commercial and industrial loans	$	908	$	7,734	$	134	$	—	0.25	%
Real estate loans:
Commercial real estate, non-owner occupied	—		11,823		—		—		0.50	%
Commercial real estate, owner occupied	—		6,950		—		—		0.60	%
Home equity	—		63		—		—		0.01	%
Individuals' loans for household and other personal expenditures	—		—		—		1		—	%
Total	$	908	$	26,570	$	134	$	1

	Nine Months Ended September 30, 2024
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay & Term Extension		Combination Interest Rate Reduction & Term Extension		Combination Interest Rate Reduction, Term Extension, & Payment Delay		% of Total Class of Financing Receivable
Commercial and industrial loans	$	11,080	$	12,880	$	247	$	17	$	31	$	—	0.60	%
Real estate loans:
Construction	—		915		—		22,000		—		—		2.81	%
Commercial real estate, non-owner occupied	—		18,933		—		—		10,828		—		1.32	%
Commercial real estate, owner occupied	—		6,208		—		—		—		—		0.54	%
Residential	1,931		341		—		283		—		529		0.13	%
Home Equity	—		62		—		162		—		—		0.03	%
Total	$	13,011	$	39,339	$	247	$	22,462	$	10,859	$	529

	Nine Months Ended September 30, 2023
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Combination Interest Rate Reduction & Term Extension		Combination Payment Delay & Term Extension		% of Total Class of Financing Receivable
Commercial and industrial loans	$	908	$	14,822	$	239	$	—	0.46	%
Agricultural land, production and other loans to farmers	—		34		—		—		0.01	%
Real estate loans:
Construction	—		13		—		—		—	%
Commercial real estate, non-owner occupied	—		11,823		5,942		—		0.75	%
Commercial real estate, owner occupied	5,602		8,642		75		—		1.24	%
Residential	—		—		—		472		0.02	%
Home equity	—		63		—		—		0.01	%
Individuals' loans for household and other personal expenditures	—		—		—		1		—	%
Total	$	6,510	$	35,397	$	6,256	$	473

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three and nine months ended September 30, 2024 and 2023.

	Three Months Ended September 30, 2024
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Combination Payment Delay & Term Extension	Combination Interest Rate Reduction & Term Extension	Combination Interest Rate Reduction, Term Extension & Payment Delay
Commercial and industrial loans	Provided payment deferrals with weighted average delayed amounts of $200,000.	Extended loans by a weighted average of 6 months.		Reduced the weighted average contractual interest rate from 9.50% to 8.05% and extended loans by a weighted average of 48 months.
Real estate loans:
Construction		Extended loans by a weighted average of 6 months.	Provided payment deferrals with weighted average delayed amounts of $475,000 and extended loans by a weighted average of 4 months.
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 8 months.		Reduced the weighted average contractual interest rate from 12.38% to 7.88% and extended loans by a weighted average of 8 months.
Commercial real estate, owner occupied		Extended loans by a weighted average of 8 months.
Residential	Provided payment deferrals with weighted average delayed amounts of $8,000.	Extended loans by a weighted average of 92 months.			Provided payment deferrals with weighted average delayed amounts of $14,000, extended loans by a weighted average of 149 months, and reduced the weighted average contractual interest rate from 5.73% to 3.31%.
Home equity		Extended loans by a weighted average of 6 months.

	Three Months Ended September 30, 2023
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Combination Interest Rate Reduction & Term Extension	Combination Payment Delay & Term Extension
Commercial and industrial loans	Provided payment deferrals with weighted average delayed amounts of $24,000.	Extended loans by a weighted average of 8 months.	Reduced the weighted average contractual interest rate from 10.75% to 7.62%. Extended loans by a weighted average of 14 months.
Real estate loans:
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 11 months.
Commercial real estate, owner occupied		Extended loans by a weighted average of 4 months.
Home Equity		Extended loans by a weighted average of 5 months.
Individuals' loans for household and other personal expenditures				Provided payment deferrals with weighted average delayed amounts of $300. Extended loans by a weighted average of 3 months.

	Nine Months Ended September 30, 2024
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Interest Rate Reduction	Combination Payment Delay & Term Extension	Combination Interest Rate Reduction & Term Extension	Combination Interest Rate Reduction, Term Extension & Payment Delay
Commercial and industrial loans	Provided payment deferrals with weighted average delayed amounts of $180,000.	Extended loans by a weighted average of 9 months.	Reduced the weighted average contractual interest rate from 9.00% to 8.00%.	Provided payment deferrals with weighted average delayed amounts of $4,900 and extended loans by a weighted average of 3 months.	Reduced the weighted average contractual interest rate from 9.50% to 8.05%. Extended loans by a weighted average of 48 months.
Real estate loans:
Construction		Extended loans by a weighted average of 6 months.		Provided payment deferrals with weighted average delayed amounts of $475,000 and extended loans by a weighted average of 4 months.
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 13 months.			Reduced the weighted average contractual interest rate from 12.38% to 7.88%. Extended loans by a weighted average of 8 months.
Commercial real estate, owner occupied		Extended loans by a weighted average of 13 months.
Residential	Provided payment deferrals with weighted average delayed amounts of $26,000.	Extended loans by a weighted average of 20 months.		Provided payment deferrals with weighted average delayed amounts of $8,000 and extended loans by a weighted average of 153 months.		Provided payment deferrals with weighted average delayed amounts of $14,000, extended loans by a weighted average of 91 months, and reduced the weighted average contractual interest rate from 5.74% to 4.03%.
Home Equity		Extended loans by a weighted average of 6 months.		Provided payment deferrals with weighted average delayed amounts of $7,800 and extended loans by a weighted average of 60 months.

	Nine Months Ended September 30, 2023
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Combination Interest Rate Reduction & Term Extension	Combination Payment Delay & Term Extension
Commercial and industrial loans	Provided payment deferrals with weighted average delayed amounts of $24,000	Extended loans by a weighted average of 8 months.	Reduced the weighted average contractual interest rate from 9.66% to 7.39%. Extended loans by a weighted average of 13 months.
Agricultural land, production and other loans to farmers		Extended loans by a weighted average of 60 months.
Real estate loans:
Construction		Extended loans by a weighted average of 24 months.
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 10 months.	Reduced the weighted average contractual interest rate from 7.81% to 7.40%. Extended loans by a weighted average of 41 months.
Commercial real estate, owner occupied	Provided payment deferrals with weighted average delayed amounts of $4,500,000.	Extended loans by a weighted average of 4 months.	Reduced the weighted average contractual interest rate from 10.25% to 6.61%. Extended loans by a weighted average of 114 months.
Residential				Provided payment deferrals with weighted average delayed amounts $3,400. Extended loans by a weighted average of 3 months.
Home Equity		Extended loans by a weighted average of 5 months.		Provided payment deferrals with weighted average delayed amounts $300. Extended loans by a weighted average of 3 months.

The Corporation closely monitors the performance of financial difficulty modifications to understand the effectiveness of its efforts. The following tables present the performance of financial difficulty modifications in the twelve months following modification.

	September 30, 2024
	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total
Commercial and industrial loans	$	24,445	$	—	$	1,927	$	—	$	26,372
Agricultural land, production and other loans to farmers	22		—		—		—		22
Real estate loans:									—
Construction	22,915		—		—		—		22,915
Commercial real estate, non-owner occupied	21,082		8,680		—		1,730		31,492
Commercial real estate, owner occupied	7,523		—		—		—		7,523
Residential	1,940		—		250		1,189		3,379
Home equity	252		—		—		—		252
Total	$	78,179	$	8,680	$	2,177	$	2,919	$	91,955

	September 30, 2023
	Current		30-59 Days Past Due		60-89 Days Past Due		Total
Commercial and industrial loans	$	15,863	$	—	$	106	$	15,969
Agricultural land, production and other loans to farmers	34		—		—		34
Real estate loans:							—
Construction	13		—		—		13
Commercial real estate, non-owner occupied	17,765		—		—		17,765
Commercial real estate, owner occupied	13,157		—		1,162		14,319
Residential	472		—		—		472
Home equity	63		—		—		63
Individuals' loans for household and other personal expenditures	—		1		—		1
Total	$	47,367	$	1	$	1,268	$	48,636

Summary 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 nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30, 2024
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses - loans
Balances, June 30, 2024	$	91,217	$	45,514	$	14,360	$	38,446	$	189,537
Provision for credit losses - loans	8,456		1,873		(2,609)		(2,720)		5,000
Recoveries on loans	505		18		—		371		894
Loans charged off	(6,375)		—		—		(1,228)		(7,603)
Balances, September 30, 2024	$	93,803	$	47,405	$	11,751	$	34,869	$	187,828

	Three Months Ended September 30, 2023
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses - loans
Balances, June 30, 2023	$	108,373	$	39,157	$	30,073	$	43,544	$	221,147
Provision for credit losses - loans	3,020		4,901		140		(3,061)		5,000
Recoveries on loans	179		—		—		367		546
Loans charged off	(19,833)		—		—		(1,078)		(20,911)
Balances, September 30, 2023	$	91,739	$	44,058	$	30,213	$	39,772	$	205,782

	Nine Months Ended September 30, 2024
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses - loans
Balances, December 31, 2023	$	97,348	$	44,048	$	24,823	$	38,715	$	204,934
Provision for credit losses - loans	43,249		3,476		(13,072)		(2,153)		31,500
Recoveries on loans	1,592		232		—		1,227		3,051
Loans charged off	(48,386)		(351)		—		(2,920)		(51,657)
Balances, September 30, 2024	$	93,803	$	47,405	$	11,751	$	34,869	$	187,828

	Nine Months Ended September 30, 2023
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses - loans
Balances, December 31, 2022	$	102,216	$	46,839	$	28,955	$	45,267	$	223,277
Provision for credit losses - loans	9,460		(2,833)		1,258		(2,885)		5,000
Recoveries on loans	775		56		—		1,004		1,835
Loans charged off	(20,712)		(4)		—		(3,614)		(24,330)
Balances, September 30, 2023	$	91,739	$	44,058	$	30,213	$	39,772	$	205,782

Summary of Financial Instruments with Off-balance Sheet Risk

Financial instruments with off-balance sheet risk were as follows:

	September 30, 2024		December 31, 2023
Amounts of commitments:
Loan commitments to extend credit	$	5,493,144	$	5,025,790
Standby letters of credit	$	66,043	$	65,580

Summary of Allowance for Credit Losses, Off-balance Sheet

The table below reflects the total allowance for credit losses for the off-balance sheet commitment for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Balance at beginning of the period	$	19,500	$	23,300	$	19,500	$	23,300
Provision for credit losses - unfunded commitments	—		(3,000)		—		(3,000)
Ending balance	$	19,500	$	20,300	$	19,500	$	20,300