XML 80 R29.htm IDEA: XBRL DOCUMENT v3.20.1
Loans (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Loans Classifications
Loans at March 31, 2020 were as follows: 
 
 
March 31,
2020
 
December 31,
2019
Commercial:
 
 
 
 
Commercial and Industrial Loans
 
$
509,947

 
$
532,501

Commercial Real Estate Loans
 
1,489,353

 
1,495,862

Agricultural Loans
 
366,286

 
384,526

Leases
 
55,833

 
57,257

Retail:
 
 
 
 
Home Equity Loans
 
224,306

 
225,755

Consumer Loans
 
68,085

 
69,264

Credit Cards
 
11,056

 
11,953

Residential Mortgage Loans
 
293,550

 
304,855

 
 
 
 
 
Subtotal
 
3,018,416

 
3,081,973

Less: Unearned Income
 
(4,683
)
 
(4,882
)
Allowance for credit losses
 
(36,641
)
 
(16,278
)
Loans, net
 
$
2,977,092

 
$
3,060,813
Schedule of Allowance for Credit Losses for Loans
The following table presents the activity in the allowance for loan losses by portfolio class for the three months ended March 31, 2019:
March 31, 2019
 
Commercial and Industrial
Loans and Leases
 
Commercial Real Estate Loans
 
Agricultural
Loans
 
Home Equity Loans
 
Consumer Loans
 
Residential Mortgage Loans
 
Unallocated
 
Total
Beginning Balance
 
$
2,953

 
$
5,291

 
$
5,776

 
$
229

 
$
420

 
$
472

 
$
682

 
$
15,823

Provision for Loan Losses
 
347

 
565

 
(323
)
 
(15
)
 
209

 
(32
)
 
(76
)
 
675

Recoveries
 
17

 
5

 
—

 
—

 
121

 
3

 
—

 
146

Loans Charged-off
 
—

 
(120
)
 
—

 
—

 
(267
)
 
(14
)
 
—

 
(401
)
Ending Balance
 
$
3,317

 
$
5,741

 
$
5,453

 
$
214

 
$
483

 
$
429

 
$
606

 
$
16,243


The following table presents the activity in the allowance for credit losses by portfolio segment for the quarter ended March 31, 2020:
March 31, 2020
 
Commercial and Industrial
Loans
 
Commercial Real Estate Loans
 
Agricultural
Loans
 
Leases
 
Consumer Loans
 
Home Equity Loans
 
Credit Cards
 
Residential Mortgage Loans
 
Unallocated
 
Total
Allowance for Credit Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance prior to adoption of ASC 326
 
$
4,799

 
$
4,692

 
$
5,315

 
$
—

 
$
434

 
$
200

 
$
—

 
$
333

 
$
505

 
$
16,278

Impact of adopting ASC 326
 
2,245

 
3,063

 
1,438

 
105

 
(59
)
 
762

 
124

 
1,594

 
(505
)
 
8,767

Impact of adopting ASC 326 - PCD Loans
 
2,191

 
4,385

 
128

 
—

 
—

 
35

 
—

 
147

 
—

 
6,886

Provision for credit loss expense
 
(137
)
 
5,167

 
(396
)
 
67

 
205

 
(20
)
 
35

 
229

 
—

 
5,150

Initial allowance on loans purchased with credit deterioration
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Loans charged-off
 
(296
)
 
—

 
—

 
—

 
(237
)
 
—

 
(36
)
 
—

 
—

 
(569
)
Recoveries collected
 
12

 
3

 
—

 
—

 
112

 
—

 
1

 
1

 
—

 
129

Total ending allowance balance
 
$
8,814

 
$
17,310

 
$
6,485

 
$
172

 
$
455

 
$
977

 
$
124

 
$
2,304

 
$
—

 
$
36,641
Schedule of Non-accrual and Past Due Loans
The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 89 days still accruing as of March 31, 2020:
March 31, 2020
 
Non-Accrual With No Allowance for Credit Loss
 
Non-Accrual
 
Loans Past Due Over 89 Days Still Accruing
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
$
62

 
$
7,370

 
$
355

Commercial Real Estate Loans
 
685

 
5,184

 
—

Agricultural Loans
 
2,230

 
2,762

 
—

Leases
 
—

 
—

 
—

Home Equity Loans
 
241

 
300

 
—

Consumer Loans
 
60

 
137

 
—

Credit Cards
 
54

 
54

 
—

Residential Mortgage Loans
 
2,194

 
2,292

 
—

Total
 
$
5,526

 
$
18,099

 
$
355


The following table presents the recorded investment in non-accrual loans and loans past due 90 days or more still on accrual by class of loans as of December 31, 2019:
 
 
 
 
Loans Past Due
90 Days or More
 
 
Non-Accrual
 
& Still Accruing
 
 
2019
 
2019
Commercial and Industrial Loans and Leases
 
$
4,940

 
$
190

Commercial Real Estate Loans
 
3,433

 
—

Agricultural Loans
 
2,739

 
—

Home Equity Loans
 
79

 
—

Consumer Loans
 
115

 
—

Residential Mortgage Loans
 
2,496

 
—

Total
 
$
13,802

 
$
190

Loans Acquired With Deteriorated Credit Quality
(Included in the Total Above)
 
$
5,393

 
$
—

Loans Acquired in Current Year
(Included in the Total Above)
 
$
2,058

 
$
—
Schedule or Collateral-dependent Loans by Class
The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2020:
March 31, 2020
 
Real Estate
 
Equipment
 
Accounts Receivable
 
Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans
 
$
5,357

 
$
1,028

 
$
790

 
$
993

 
$
8,168

Commercial Real Estate Loans
 
9,924

 
—

 
—

 
1,860

 
11,784

Agricultural Loans
 
3,414

 
—

 
—

 
4

 
3,418

Leases
 
—

 
—

 
—

 
—

 
—

Home Equity Loans
 
401

 
—

 
—

 
—

 
401

Consumer Loans
 
113

 
—

 
—

 
—

 
113

Credit Cards
 
—

 
—

 
—

 
—

 
—

Residential Mortgage Loans
 
825

 
—

 
—

 
—

 
825

Total
 
$
20,034

 
$
1,028

 
$
790

 
$
2,857

 
$
24,709
Schedule of Aging of Past Due Loans
The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2019:
December 31, 2019
 
Total
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days
or More
Past Due
 
Total
Past Due
 
Loans Not
Past Due
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans and Leases
 
$
591,403

 
$
4,689

 
$
83

 
$
799

 
$
5,571

 
$
585,832

Commercial Real Estate Loans
 
1,499,864

 
209

 
431

 
2,106

 
2,746

 
1,497,118

Agricultural Loans
 
390,871

 
499

 
—

 
329

 
828

 
390,043

Home Equity Loans
 
226,775

 
1,121

 
253

 
80

 
1,454

 
225,321

Consumer Loans
 
81,429

 
347

 
156

 
89

 
592

 
80,837

Residential Mortgage Loans
 
305,560

 
5,014

 
1,461

 
2,308

 
8,783

 
296,777

Total (1)
 
$
3,095,902

 
$
11,879

 
$
2,384

 
$
5,711

 
$
19,974

 
$
3,075,928

Loans Acquired With Deteriorated Credit Quality
(Included in the Total Above)
 
$
12,798

 
$
18

 
$
—

 
$
1,589

 
$
1,607

 
$
11,191

Loans Acquired in Current Year
(Included in the Total Above)
 
$
321,464

 
$
639

 
$
1

 
$
797

 
$
1,437

 
$
320,027

 
(1) Total recorded investment in loans includes $13,929 in accrued interest.
The following table presents the aging of the amortized cost basis in past due loans by class of loans as of March 31, 2020:
March 31, 2020
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Greater Than 89 Days Past Due
 
Total
Past Due
 
Loans Not Past Due
 
Total
Commercial and Industrial Loans
 
$
1,936

 
$
319

 
$
5,189

 
$
7,444

 
$
502,503

 
$
509,947

Commercial Real Estate Loans
 
8,238

 
733

 
1,552

 
10,523

 
1,478,830

 
1,489,353

Agricultural Loans
 
1,052

 
3,078

 
—

 
4,130

 
362,156

 
366,286

Leases
 
—

 
—

 
—

 
—

 
55,833

 
55,833

Home Equity Loans
 
753

 
76

 
300

 
1,129

 
223,177

 
224,306

Consumer Loans
 
501

 
51

 
137

 
689

 
67,396

 
68,085

Credit Cards
 
221

 
21

 
54

 
296

 
10,760

 
11,056

Residential Mortgage Loans
 
4,153

 
1,066

 
2,055

 
7,274

 
286,276

 
293,550

Total
 
$
16,854

 
$
5,344

 
$
9,287

 
$
31,485

 
$
2,986,931

 
$
3,018,416
Schedule of Risk Category of Loans
The risk category of loans by class of loans at December 31, 2019 is as follows: 
December 31, 2019
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial Loans and Leases
 
$
556,706

 
$
19,671

 
$
15,026

 
$
—

 
$
591,403

Commercial Real Estate Loans
 
1,453,310

 
30,504

 
16,050

 
—

 
1,499,864

Agricultural Loans
 
325,991

 
49,053

 
15,827

 
—

 
390,871

Total
 
$
2,336,007

 
$
99,228

 
$
46,903

 
$
—

 
$
2,482,138

Loans Acquired With Deteriorated Credit Quality
(Included in the Total Above)
 
$
68

 
$
613

 
$
11,060

 
$
—

 
$
11,741

Loans Acquired in Current Year
(Included in the Total Above)
 
$
254,629

 
$
16,535

 
$
12,769

 
$
—

 
$
283,933




Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
 
 
Term Loans Amortized Cost Basis by Origination Year
 
 
 
 
As of March 31, 2020
 
2020
 
2019
 
2018
 
2017
 
2016
 
Prior
 
Revolving Loans Amortized Cost Basis
 
Total
Commercial and Industrial:
 


 


 


 


 
 
 
 
 
 
 


Risk Rating
 


 


 


 


 
 
 
 
 
 
 


   Pass
 
$
15,235

 
$
112,334

 
$
59,396

 
$
45,247

 
$
29,225

 
$
63,965

 
$
154,027

 
$
479,429

   Special Mention
 
35

 
700

 
1,703

 
3,672

 
185

 
2,289

 
3,142

 
11,726

   Substandard
 
2,000

 
—

 
1,432

 
116

 
1,179

 
5,349

 
8,716

 
18,792

   Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Commercial & Industrial Loans
 
$
17,270

 
$
113,034

 
$
62,531

 
$
49,035

 
$
30,589

 
$
71,603

 
$
165,885

 
$
509,947

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk Rating
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Pass
 
$
89,889

 
$
241,662

 
$
226,151

 
$
240,513

 
$
225,879

 
$
381,780

 
$
34,775

 
$
1,440,649

   Special Mention
 
211

 
2,848

 
4,240

 
4,902

 
2,116

 
17,266

 
1,354

 
32,937

   Substandard
 
—

 
404

 
2,462

 
2,226

 
1,370

 
9,305

 
—

 
15,767

   Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Commercial Real Estate Loans
 
$
90,100

 
$
244,914

 
$
232,853

 
$
247,641

 
$
229,365

 
$
408,351

 
$
36,129

 
$
1,489,353

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agricultural:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk Rating
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Pass
 
$
12,719

 
$
33,293

 
$
37,849

 
$
40,857

 
$
26,743

 
$
79,061

 
$
72,422

 
$
302,944

   Special Mention
 
89

 
6,640

 
2,105

 
6,742

 
1,743

 
19,827

 
12,779

 
49,925

   Substandard
 
—

 
241

 
393

 
1,345

 
4,716

 
6,722

 
—

 
13,417

   Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

      Total Agricultural Loans
 
$
12,808

 
$
40,174

 
$
40,347

 
$
48,944

 
$
33,202

 
$
105,610

 
$
85,201

 
$
366,286

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk Rating
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Pass
 
$
4,116

 
$
22,351

 
$
11,993

 
$
8,044

 
$
3,706

 
$
5,623

 
$
—

 
$
55,833

   Special Mention
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

   Substandard
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

   Doubtful
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

      Total Leases
 
$
4,116

 
$
22,351

 
$
11,993

 
$
8,044

 
$
3,706

 
$
5,623

 
$
—

 
$
55,833
Schedule of Residential, Home Equity and Consumer Loans Based on Payment Activity The following table presents the amortized cost in residential, home equity and consumer loans based on payment activity.
 
 
Term Loans Amortized Cost Basis by Origination Year
 
 
 
 
As of March 31, 2020
 
2020
 
2019
 
2018
 
2017
 
2016
 
Prior
 
Revolving Loans Amortized Cost Basis
 
Total
Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payment performance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Performing
 
$
8,188

 
$
34,295

 
$
13,090

 
$
4,485

 
$
2,128

 
$
3,329

 
$
2,433

 
$
67,948

   Nonperforming
 
—

 
24

 
13

 
—

 
3

 
66

 
31

 
137

      Total Consumer Loans
 
$
8,188

 
$
34,319

 
$
13,103

 
$
4,485

 
$
2,131

 
$
3,395

 
$
2,464

 
$
68,085

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payment performance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Performing
 
$
—

 
$
—

 
$
34

 
$
111

 
$
71

 
$
353

 
$
223,437

 
$
224,006

   Nonperforming
 
—

 
—

 
—

 
—

 
—

 
—

 
300

 
300

      Total Home Equity Loans
 
$
—

 
$
—

 
$
34

 
$
111

 
$
71

 
$
353

 
$
223,737

 
$
224,306

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payment performance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Performing
 
$
6,839

 
$
31,939

 
$
44,932

 
$
41,010

 
$
36,277

 
$
130,261

 
$
—

 
$
291,258

   Nonperforming
 
—

 
—

 
—

 
72

 
215

 
2,005

 
—

 
2,292

      Total Residential Mortgage Loans
 
$
6,839

 
$
31,939

 
$
44,932

 
$
41,082

 
$
36,492

 
$
132,266

 
$
—

 
$
293,550


The following table presents the recorded investment in home equity, consumer and residential mortgage loans based on payment activity as of December 31, 2019: 
December 31, 2019
 
Home Equity
Loans
 
Consumer
Loans
 
Residential
Mortgage Loans
 
 
 
 
 
 
 
Performing
 
$
226,695

 
$
81,314

 
$
303,065

Nonperforming
 
80

 
115

 
2,495

Total
 
$
226,775

 
$
81,429

 
$
305,560
Schedule of Credit Card Loans Based on Payment Activity The following table presents the amortized cost based on payment activity:
As of March 31, 2020
 
Credit Card
 
 
 
Credit Card
 
 
   Performing
 
$
11,002

   Nonperforming
 
54

 
 
 
      Total
 
$
11,056
Schedule of Loans Purchased and/or Sold During the Year
The following table presents loans purchased and/or sold during the year by portfolio segment:

March 31, 2020
 
Commercial and Industrial Loans
 
Commercial Real Estate Loans
 
Agricultural Loans
 
Leases
 
Consumer Loans
 
Home Equity Loans
 
Credit Cards
 
Residential Mortgage Loans
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchases
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

   Sales
 
—

 
252

 
—

 
—

 
—

 
—

 
—

 
—

 
252






The following table presents financing receivables purchased and/or sold during the year by portfolio segment:
December 31, 2019
 
Commercial and Industrial Loans and Leases
 
Commercial Real Estate Loans
 
Total
 
 
 
 
 
 
 
Purchases
 
$
2,051

 
$
—

 
$
2,051

Sales
 
—

 
—

 
—
Schedule of Allowance For Loan Losses and Recorded Investment in Loans by Class
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class and based on impairment method as of December 31, 2019:
December 31, 2019
 
Total
 
Commercial
and
Industrial
Loans and Leases
 
Commercial
Real Estate Loans
 
Agricultural Loans
 
Home
Equity Loans
 
Consumer Loans
 
Residential
Mortgage Loans
 
Unallocated
Allowance for Loan Losses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending Allowance Balance Attributable to Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually Evaluated for Impairment
 
$
2,971

 
$
2,412

 
$
559

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Collectively Evaluated for Impairment
 
12,902

 
2,387

 
3,733

 
5,315

 
200

 
434

 
328

 
505

Acquired with Deteriorated Credit Quality
 
405

 
—

 
400

 
—

 
—

 
—

 
5

 
—

Total Ending Allowance Balance
 
$
16,278

 
$
4,799

 
$
4,692

 
$
5,315

 
$
200

 
$
434

 
$
333

 
$
505

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans Individually Evaluated for Impairment
 
$
6,269

 
$
4,707

 
$
1,562

 
$
—

 
$
—

 
$
—

 
$
—

 
n/m(2)

Loans Collectively Evaluated for Impairment
 
3,076,835

 
585,328

 
1,491,090

 
387,710

 
226,406

 
81,429

 
304,872

 
n/m(2)

Loans Acquired with Deteriorated Credit Quality
 
12,798

 
1,368

 
7,212

 
3,161

 
369

 
—

 
688

 
n/m(2)

Total Ending Loans Balance (1)
 
$
3,095,902

 
$
591,403

 
$
1,499,864

 
$
390,871

 
$
226,775

 
$
81,429

 
$
305,560

 
n/m(2)

 
(1) Total recorded investment in loans includes $13,929 in accrued interest.
(2)n/m = not meaningful
Schedule of Loans Individually Evaluated for Impairment by Class
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2019:
December 31, 2019
 
Unpaid
Principal
Balance(1)
 
Recorded
Investment
 
Allowance for
Loan Losses
Allocated
With No Related Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
$
3,638

 
$
524

 
$
—

Commercial Real Estate Loans
 
4,738

 
2,058

 
—

Agricultural Loans
 
3,294

 
2,738

 
—

Subtotal
 
11,670

 
5,320

 
—

With An Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
5,042

 
4,521

 
2,412

Commercial Real Estate Loans
 
2,187

 
1,865

 
959

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
7,229

 
6,386

 
3,371

Total
 
$
18,899

 
$
11,706

 
$
3,371

 
 
 
 
 
 
 
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above)
 
$
9,994

 
$
4,624

 
$
—

Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above)
 
$
1,134

 
$
813

 
$
400

 
(1) Unpaid Principal Balance is the remaining contractual payments gross of partial charge-offs and discounts.

The following table presents the average balance and related interest income of loans individually evaluated for impairment by class of loans for the three month period ended March 31, 2019:
March 31, 2019
 
Average Recorded
Investment
 
Interest Income Recognized
 
Cash Basis
Recognized
With No Related Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
$
438

 
$
2

 
$
2

Commercial Real Estate Loans
 
3,601

 
19

 
9

Agricultural Loans
 
1,405

 
—

 
—

Subtotal
 
5,444

 
21

 
11

With An Allowance Recorded:
 
 

 
 

 
 

Commercial and Industrial Loans and Leases
 
2,286

 
—

 
—

Commercial Real Estate Loans
 
4,691

 
—

 
—

Agricultural Loans
 
—

 
—

 
—

Subtotal
 
6,977

 
—

 
—

Total
 
$
12,421

 
$
21

 
$
11

 
 
 
 
 
 
 
Loans Acquired With Deteriorated Credit Quality With No Related Allowance Recorded (Included in the Total Above)
 
$
3,547

 
$
8

 
$
—

Loans Acquired With Deteriorated Credit Quality With An Additional Allowance Recorded (Included in the Total Above)
 
$
762

 
$
—

 
$
—