Loans (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Schedule of Loans Classifications

Loans were comprised of the following classifications:

	June 30, 2024		December 31, 2023
Commercial:
Commercial and Industrial Loans	$	591,699	$	589,541
Commercial Real Estate Loans	2,172,447		2,121,835
Agricultural Loans	413,742		423,803
Leases	72,736		71,988
Retail:
Home Equity Loans	322,043		299,685
Consumer Loans	81,171		87,853
Credit Cards	21,433		20,351
Residential Mortgage Loans	368,997		362,844
Subtotal	4,044,268		3,977,900
Less: Unearned Income	(7,141)		(6,818)
Allowance for Credit Losses	(43,946)		(43,765)
Loans, net	$	3,993,181	$	3,927,317

Schedule of Allowance for Credit Losses for Loans

The following tables present the activity in the allowance for credit losses by portfolio segment for the three months ended June 30, 2024 and 2023:

June 30, 2024	Commercial and Industrial Loans		Commercial Real Estate Loans		Agricultural Loans		Leases		Consumer Loans		Home Equity Loans		Credit Cards		Residential Mortgage Loans		Total
Allowance for Credit Losses:
Beginning balance	$	7,266	$	26,452	$	3,650	$	373	$	785	$	2,001	$	395	$	2,832	$	43,754
Provision (Benefit) for credit loss expense	(75)		142		46		(5)		206		55		198		58		625
Loans charged-off	(29)		—		(1)		—		(384)		—		(185)		—		(599)
Recoveries collected	38		4		2		—		115		2		5		—		166
Total ending allowance balance	$	7,200	$	26,598	$	3,697	$	368	$	722	$	2,058	$	413	$	2,890	$	43,946

June 30, 2023	Commercial and Industrial Loans		Commercial Real Estate Loans		Agricultural Loans		Leases		Consumer Loans		Home Equity Loans		Credit Cards		Residential Mortgage Loans		Total
Allowance for Credit Losses:
Beginning balance	$	13,572	$	22,062	$	3,887	$	227	$	609	$	1,415	$	263	$	2,280	$	44,315
Provision (Benefit) for credit loss expense	244		(233)		94		8		174		45		157		61		550
Loans charged-off	(343)		—		(25)		—		(284)		(25)		(141)		(31)		(849)
Recoveries collected	94		5		—		—		141		1		9		—		250
Total ending allowance balance	$	13,567	$	21,834	$	3,956	$	235	$	640	$	1,436	$	288	$	2,310	$	44,266

The following tables present the activity in the allowance for credit losses by portfolio segment for the six months ended June 30, 2024 and 2023:

June 30, 2024	Commercial and Industrial Loans		Commercial Real Estate Loans		Agricultural Loans		Leases		Consumer Loans		Home Equity Loans		Credit Cards		Residential Mortgage Loans		Total
Allowance for Credit Losses:
Beginning balance	$	7,921	$	25,923	$	3,837	$	346	$	759	$	1,834	$	383	$	2,762	$	43,765
Provision (Benefit) for credit loss expense	(631)		974		(141)		22		476		349		348		128		1,525
Loans charged-off	(131)		(308)		(1)		—		(753)		(134)		(333)		—		(1,660)
Recoveries collected	41		9		2		—		240		9		15		—		316
Total ending allowance balance	$	7,200	$	26,598	$	3,697	$	368	$	722	$	2,058	$	413	$	2,890	$	43,946

June 30, 2023	Commercial and Industrial Loans		Commercial Real Estate Loans		Agricultural Loans		Leases		Consumer Loans		Home Equity Loans		Credit Cards		Residential Mortgage Loans		Total
Allowance for Credit Losses:
Beginning balance	$	13,749	$	21,598	$	4,188	$	209	$	595	$	1,344	$	257	$	2,228	$	44,168
Provision (Benefit) for credit loss expense	746		169		(207)		26		399		100		281		136		1,650
Loans charged-off	(1,077)		—		(25)		—		(628)		(39)		(261)		(57)		(2,087)
Recoveries collected	149		67		—		—		274		31		11		3		535
Total ending allowance balance	$	13,567	$	21,834	$	3,956	$	235	$	640	$	1,436	$	288	$	2,310	$	44,266

Schedule of Non-Accrual and Past Due Loans

The following tables present the amortized cost in non-accrual loans and loans past due over 89 days still accruing by class of loans as of June 30, 2024 and December 31, 2023:

June 30, 2024	Non-Accrual With No Allowance for Credit Loss (1)		Total Non-Accrual		Loans Past Due Over 89 Days Still Accruing
Commercial and Industrial Loans	$	445	$	2,355	$	415
Commercial Real Estate Loans	1,339		2,277		193
Agricultural Loans	594		619		98
Leases	—		—		—
Home Equity Loans	438		438		—
Consumer Loans	15		15		—
Credit Cards	31		31		—
Residential Mortgage Loans	711		848		—
Total	$	3,573	$	6,583	$	706

(1) Includes non-accrual loans with no allowance for credit loss and are also included in Total Non-Accrual loans of $6,583.

December 31, 2023	Non-Accrual With No Allowance for Credit Loss (1)		Total Non-Accrual		Loans Past Due Over 89 Days Still Accruing
Commercial and Industrial Loans	$	1,864	$	3,707	$	—
Commercial Real Estate Loans	942		1,889		55
Agricultural Loans	665		879		—
Leases	—		—		—
Home Equity Loans	1,033		1,033		—
Consumer Loans	111		111		—
Credit Cards	142		142		—
Residential Mortgage Loans	1,125		1,375		—
Total	$	5,882	$	9,136	$	55

(1) Includes non-accrual loans with no allowance for credit loss and are also included in Total Non-Accrual loans of $9,136.

Schedule or Collateral-dependent Loans by Class

The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of June 30, 2024 and December 31, 2023:

June 30, 2024	Real Estate		Equipment		Accounts Receivable		Other		Total
Commercial and Industrial Loans	$	3,889	$	93	$	—	$	202	$	4,184
Commercial Real Estate Loans	8,727		—		—		—		8,727
Agricultural Loans	2,853		274		—		—		3,127
Leases	—		—		—		—		—
Home Equity Loans	421		—		—		—		421
Consumer Loans	10		—		—		—		10
Credit Cards	—		—		—		—		—
Residential Mortgage Loans	587		—		—		—		587
Total	$	16,487	$	367	$	—	$	202	$	17,056

December 31, 2023	Real Estate		Equipment		Accounts Receivable		Other		Total
Commercial and Industrial Loans	$	3,668	$	49	$	—	$	1,888	$	5,605
Commercial Real Estate Loans	8,553		—		—		—		8,553
Agricultural Loans	3,338		1,055		—		—		4,393
Leases	—		—		—		—		—
Home Equity Loans	420		—		—		—		420
Consumer Loans	9		—		—		—		9
Credit Cards	—		—		—		—		—
Residential Mortgage Loans	753		—		—		—		753
Total	$	16,741	$	1,104	$	—	$	1,888	$	19,733

Schedule of Aging of Past Due Loans

The following tables present the aging of the amortized cost basis in past due loans by class of loans as of June 30, 2024 and December 31, 2023:

June 30, 2024	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	$	194	$	—	$	2,163	$	2,357	$	589,342	$	591,699
Commercial Real Estate Loans	1,023		278		2,184		3,485		2,168,962		2,172,447
Agricultural Loans	182		7		420		609		413,133		413,742
Leases	—		—		—		—		72,736		72,736
Home Equity Loans	1,706		253		438		2,397		319,646		322,043
Consumer Loans	928		69		15		1,012		80,159		81,171
Credit Cards	256		35		31		322		21,111		21,433
Residential Mortgage Loans	5,737		2,475		717		8,929		360,068		368,997
Total	$	10,026	$	3,117	$	5,968	$	19,111	$	4,025,157	$	4,044,268

December 31, 2023	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	$	832	$	257	$	3,299	$	4,388	$	585,153	$	589,541
Commercial Real Estate Loans	1,215		484		938		2,637		2,119,198		2,121,835
Agricultural Loans	5		248		497		750		423,053		423,803
Leases	—		—		—		—		71,988		71,988
Home Equity Loans	1,016		571		1,033		2,620		297,065		299,685
Consumer Loans	658		84		110		852		87,001		87,853
Credit Cards	165		87		142		394		19,957		20,351
Residential Mortgage Loans	7,362		1,647		1,215		10,224		352,620		362,844
Total	$	11,253	$	3,378	$	7,234	$	21,865	$	3,956,035	$	3,977,900

Schedule of Risk Category of Loans

Based on the analysis performed at June 30, 2024 and December 31, 2023, the risk category of loans by class of loans is as follows:

	Term Loans Amortized Cost Basis by Origination Year
As of June 30, 2024	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and Industrial:
Risk Rating
Pass	$	56,965	$	102,762	$	107,144	$	75,968	$	21,595	$	60,676	$	150,100	$	575,210
Special Mention	167		44		455		610		1,151		1,966		3,233		7,626
Substandard	—		—		247		3,631		847		2,256		1,882		8,863
Doubtful	—		—		—		—		—		—		—		—
Total Commercial & Industrial Loans	$	57,132	$	102,806	$	107,846	$	80,209	$	23,593	$	64,898	$	155,215	$	591,699
Current Period Gross Charge-Offs	$	—	$	4	$	17	$	64	$	—	$	—	$	46	$	131
Commercial Real Estate:
Risk Rating
Pass	$	145,780	$	322,924	$	408,533	$	448,517	$	204,309	$	547,354	$	37,087	$	2,114,504
Special Mention	315		13,779		3,353		11,071		2,053		15,306		891		46,768
Substandard	—		462		1,252		5,418		71		3,972		—		11,175
Doubtful	—		—		—		—		—		—		—		—
Total Commercial Real Estate Loans	$	146,095	$	337,165	$	413,138	$	465,006	$	206,433	$	566,632	$	37,978	$	2,172,447
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	308	$	—	$	308
Agricultural:
Risk Rating
Pass	$	31,344	$	39,275	$	50,204	$	36,162	$	39,156	$	113,052	$	79,839	$	389,032
Special Mention	518		1,479		146		844		5,056		9,981		2,743		20,767
Substandard	191		—		—		—		—		3,752		—		3,943
Doubtful	—		—		—		—		—		—		—		—
Total Agricultural Loans	$	32,053	$	40,754	$	50,350	$	37,006	$	44,212	$	126,785	$	82,582	$	413,742
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	1
Leases:
Risk Rating
Pass	$	13,913	$	31,072	$	10,279	$	8,338	$	3,960	$	5,174	$	—	$	72,736
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total Leases	$	13,913	$	31,072	$	10,279	$	8,338	$	3,960	$	5,174	$	—	$	72,736
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

	Term Loans Amortized Cost Basis by Origination Year
As of December 31, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and Industrial:
Risk Rating
Pass	$	112,626	$	134,590	$	80,738	$	28,492	$	32,585	$	45,764	$	134,936	$	569,731
Special Mention	47		453		128		829		—		1,948		3,048		6,453
Substandard	—		294		5,689		780		1,696		1,471		3,427		13,357
Doubtful	—		—		—		—		—		—		—		—
Total Commercial & Industrial Loans	$	112,673	$	135,337	$	86,555	$	30,101	$	34,281	$	49,183	$	141,411	$	589,541
Current Period Gross Charge-Offs	$	—	$	911	$	32	$	493	$	7	$	88	$	261	$	1,792
Commercial Real Estate:
Risk Rating
Pass	$	300,569	$	416,874	$	470,917	$	225,668	$	147,431	$	458,821	$	41,102	$	2,061,382
Special Mention	13,906		2,401		11,155		1,651		259		19,532		638		49,542
Substandard	—		617		5,510		1,142		729		2,737		176		10,911
Doubtful	—		—		—		—		—		—		—		—
Total Commercial Real Estate Loans	$	314,475	$	419,892	$	487,582	$	228,461	$	148,419	$	481,090	$	41,916	$	2,121,835
Current Period Gross Charge-Offs	$	—	$	—	$	56	$	—	$	—	$	—	$	—	$	56
Agricultural:
Risk Rating
Pass	$	44,948	$	56,291	$	39,852	$	42,279	$	23,217	$	100,391	$	89,455	$	396,433
Special Mention	1,495		164		903		5,047		2,338		9,894		2,259		22,100
Substandard	—		—		199		188		200		4,683		—		5,270
Doubtful	—		—		—		—		—		—		—		—
Total Agricultural Loans	$	46,443	$	56,455	$	40,954	$	47,514	$	25,755	$	114,968	$	91,714	$	423,803
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	2	$	—	$	—	$	25	$	27
Leases:
Risk Rating
Pass	$	36,848	$	12,281	$	10,634	$	6,086	$	4,788	$	1,351	$	—	$	71,988
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total Leases	$	36,848	$	12,281	$	10,634	$	6,086	$	4,788	$	1,351	$	—	$	71,988
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Schedule of Residential, Home Equity and Consumer Loans Based on Payment Activity

The following tables present the amortized cost in residential, home equity and consumer loans based on payment activity.

	Term Loans Amortized Cost Basis by Origination Year
As of June 30, 2024	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Consumer:
Payment performance
Performing	$	22,001	$	33,595	$	13,157	$	7,082	$	1,843	$	2,035	$	1,443	$	81,156
Nonperforming	—		1		13		—		—		1		—		15
Total Consumer Loans	$	22,001	$	33,596	$	13,170	$	7,082	$	1,843	$	2,036	$	1,443	$	81,171
Current Period Gross Charge-Offs	$	561	$	104	$	48	$	37	$	—	$	—	$	3	$	753
Home Equity:
Payment performance
Performing	$	—	$	258	$	2,660	$	371	$	292	$	3,456	$	314,568	$	321,605
Nonperforming	—		27		212		—		—		190		9		438
Total Home Equity Loans	$	—	$	285	$	2,872	$	371	$	292	$	3,646	$	314,577	$	322,043
Current Period Gross Charge-Offs	$	—	$	—	$	35	$	99	$	—	$	—	$	—	$	134
Residential Mortgage:
Payment performance
Performing	$	32,721	$	54,021	$	62,033	$	79,924	$	38,589	$	100,861	$	—	$	368,149
Nonperforming	—		149		173		98		142		286		—		848
Total Residential Mortgage Loans	$	32,721	$	54,170	$	62,206	$	80,022	$	38,731	$	101,147	$	—	$	368,997
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

	Term Loans Amortized Cost Basis by Origination Year
As of December 31, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Consumer:
Payment performance
Performing	$	49,208	$	21,459	$	9,708	$	2,756	$	917	$	1,911	$	1,783	$	87,742
Nonperforming	74		21		12		—		—		1		3		111
Total Consumer Loans	$	49,282	$	21,480	$	9,720	$	2,756	$	917	$	1,912	$	1,786	$	87,853
Current Period Gross Charge-Offs	$	1,162	$	42	$	23	$	71	$	3	$	1	$	7	$	1,309
Home Equity:
Payment performance
Performing	$	—	$	170	$	236	$	90	$	165	$	1,207	$	296,784	$	298,652
Nonperforming	—		247		252		60		—		102		372		1,033
Total Home Equity Loans	$	—	$	417	$	488	$	150	$	165	$	1,309	$	297,156	$	299,685
Current Period Gross Charge-Offs	$	—	$	—	$	—	$	55	$	—	$	24	$	15	$	94
Residential Mortgage:
Payment performance
Performing	$	56,306	$	65,301	$	85,753	$	41,352	$	17,831	$	94,926	$	—	$	361,469
Nonperforming	11		60		417		287		109		491		—		1,375
Total Residential Mortgage Loans	$	56,317	$	65,361	$	86,170	$	41,639	$	17,940	$	95,417	$	—	$	362,844
Current Period Gross Charge-Offs	$	—	$	—	$	22	$	36	$	—	$	—	$	—	$	58

Schedule of Recorded Investment in Credit Cards Based on Payment Activity

The following table presents the recorded investment in credit cards based on payment activity:

Credit Cards	June 30, 2024		December 31, 2023
Performing	$	21,402	$	20,209
Nonperforming	31		142
Total	$	21,433	$	20,351

Schedule of Loans Purchased and/or Sold During the Year

The following tables present loans purchased and/or sold during the year by portfolio segment and excludes the business combination activity:

June 30, 2024

Commercial and Industrial Loans

Commercial Real Estate Loans

Agricultural Loans

Leases

Consumer Loans

Home Equity Loans

Credit Cards

Residential Mortgage Loans

Total

Purchases

$

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$

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$

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$

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Sales

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December 31, 2023	Commercial and Industrial Loans		Commercial Real Estate Loans		Agricultural Loans		Leases		Consumer Loans		Home Equity Loans		Credit Cards		Residential Mortgage Loans		Total
Purchases	$	—	$	1,502	$	—	$	—	$	—	$	—	$	—	$	—	$	1,502
Sales	—		—		—		—		—		—		—		—		—