ALLOWANCE FOR LOAN LOSSES:

12 Months Ended

Dec. 31, 2020

Allowance For Loan Losses Disclosure [Abstract]

ALLOWANCE FOR LOAN LOSSES

The following table presents the activity of the allowance for credit losses by portfolio segment for the years ended December 31, 2020, 2019 and 2018.

Allowance for Credit Losses:			December 31, 2020
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Total
Beginning balance	$	10,337	$	1,302	$	8,304	$	19,943
Impact of adopting ASC 326	8,427		9,515		2,118		20,060
Provision for credit losses	(1,622)		8,612		3,538		10,528
Loans charged -off	(1,097)		(944)		(6,355)		(8,396)
Recoveries	856		657		3,404		4,917
Ending Balance	$	16,901	$	19,142	$	11,009	$	47,052

Allowance for Credit Losses:			December 31, 2019
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	9,848	$	1,313	$	7,481	$	1,794	$	20,436
Provision for credit losses	621		(321)		4,802		(402)		4,700
Loans charged -off	(2,616)		(1,050)		(7,007)		—		(10,673)
Recoveries	1,092		1,360		3,028		—		5,480
Ending Balance	$	8,945	$	1,302	$	8,304	$	1,392	$	19,943

Allowance for Credit Losses:			December 31, 2018
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	10,281	$	1,455	$	6,709	$	1,464	$	19,909
Provision for credit losses	83		60		5,295		330		5,768
Loans charged -off	(1,122)		(841)		(6,868)		—		(8,831)
Recoveries	606		639		2,345		—		3,590
Ending Balance	$	9,848	$	1,313	$	7,481	$	1,794	$	20,436

The following tables present the allocation of the allowance for credit losses and the recorded investment in loans by portfolio segment and based on impairment method at December 31, 2019:

Allowance for Credit Losses:			December 31, 2019
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Individually evaluated for impairment	$	48	$	—	$	—	$	—	$	48
Collectively evaluated for impairment	8,897		1,302		8,304		1,392		19,895
Acquired with deteriorated credit quality	—		—		—		—		—
BALANCE AT END OF YEAR	$	8,945	$	1,302	$	8,304	$	1,392	$	19,943
Loans
(Dollar amounts in thousands)	Commercial		Residential		Consumer				Total
Individually evaluated for impairment	$	3,161	$	3,952	$	—			$	7,113
Collectively evaluated for impairment	1,584,169		680,069		387,655				2,651,893
Acquired with deteriorated credit quality	7,436		—		—				7,436
BALANCE AT END OF YEAR	$	1,594,766	$	684,021	$	387,655			$	2,666,442

The following tables present loans individually evaluated for impairment by class of loan.

December 31, 2019					Allowance						Cash Basis
	Unpaid				for Credit		Average		Interest		Interest
	Principal		Recorded		Losses		Recorded		Income		Income
	Balance		Investment		Allocated		Investment		Recognized		Recognized
With no related allowance recorded:
Commercial
Commercial & Industrial	$	1,519	$	989	$	—	$	848	$	—	$	—
Farmland	1,997		1,997		—		1,999		—		—
Non Farm, Non Residential	—		—		—		—		—		—
Agriculture	—		—		—		—		—		—
All Other Commercial	27		27		—		461		—		—
Residential
First Liens	3,952		3,952		—		4,055		—		—
Home Equity	—		—		—		—		—		—
Junior Liens	—		—		—		—		—		—
Multifamily	—		—		—		—		—		—
All Other Residential	—		—		—		—		—		—
Consumer
Motor Vehicle	—		—		—		—		—		—
All Other Consumer	—		—		—		—		—		—
With an allowance recorded:
Commercial
Commercial & Industrial	148		148		48		1,108		—		—
Farmland	—		—		—		84		—		—
Non Farm, Non Residential	—		—		—		—		—		—
Agriculture	—		—		—		138		—		—
All Other Commercial	—		—		—		—		—		—
Residential
First Liens	—		—		—		—		—		—
Home Equity	—		—		—		—		—		—
Junior Liens	—		—		—		—		—		—
Multifamily	—		—		—		—		—		—
All Other Residential	—		—		—		—		—		—
Consumer
Motor Vehicle	—		—		—		—		—		—
All Other Consumer	—		—		—		—		—		—
TOTAL	$	7,643	$	7,113	$	48	$	8,693	$	—	$	—

December 31, 2018					Cash Basis
	Average		Interest		Interest
	Recorded		Income		Income
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial
Commercial & Industrial	$	698	$	—	$	—
Farmland	1,579		—		—
Non Farm, Non Residential	1,443		—		—
Agriculture	49		—		—
All Other Commercial	1,172		—		—
Residential
First Liens	3,371		—		—
Home Equity	—		—		—
Junior Liens	23		—		—
Multifamily	—		—		—
All Other Residential	—		—		—
Consumer
Motor Vehicle	—		—		—
All Other Consumer	—		—		—
With an allowance recorded:
Commercial
Commercial & Industrial	688		—		—
Farmland	1,691		—		—
Non Farm, Non Residential	—		—		—
Agriculture	316		—		—
All Other Commercial	—		—		—
Residential
First Liens	88		—		—
Home Equity	—		—		—
Junior Liens	—		—		—
Multifamily	—		—		—
All Other Residential	—		—		—
Consumer
Motor Vehicle	—		—		—
All Other Consumer	—		—		—
TOTAL	$	11,118	$	—	$	—

The following tables present the recorded investment in nonperforming loans by class of loans.

		December 31, 2020
		Loans Past				Non-accrual
		Due Over 90 Day Still				With No Allowance
(Dollar amounts in thousands)		Accruing		Non-accrual		For Credit Loss
Commercial
	Commercial & Industrial	$	—	$	4,838	$	1,080
	Farmland	—		195		—
	Non Farm, Non Residential	—		3,729		3,267
	Agriculture	—		409		—
	All Other Commercial	—		533		24
Residential
	First Liens	1,746		2,604		86
	Home Equity	88		30		—
	Junior Liens	252		206		—
	Multifamily	—		1,380		—
	All Other Residential	—		135		—
Consumer
	Motor Vehicle	372		754		—
	All Other Consumer	—		554		—
TOTAL		$	2,458	$	15,367	$	4,457

	December 31, 2019
	Loans Past		Troubled Debt
	Due Over 90 Day Still		Restructured
(Dollar amounts in thousands)	Accruing		Accrual		Non-accrual		Non-accrual
Commercial
Commercial & Industrial	$	—	$	—	$	11	$	2,191
Farmland	5		—		—		2,410
Non Farm, Non Residential	—		—		—		441
Agriculture	—		—		—		485
All Other Commercial	—		—		—		114
Residential
First Liens	625		3,007		396		2,876
Home Equity	12		—		—		61
Junior Liens	51		94		9		175
Multifamily	—		—		—		—
All Other Residential	738		—		—		203
Consumer
Motor Vehicle	227		—		15		138
All Other Consumer	4		239		444		452
TOTAL	$	1,662	$	3,340	$	875	$	9,546

During the years ending December 31, 2020, 2019, and 2018 the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's.

							2020
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Total
January 1,	$	11	$	3,485	$	698	$	4,194
Added	—		692		304		996
Charged Off	—		(6)		(158)		(164)
Payments	(11)		(582)		(227)		(820)
December 31,	$	—	$	3,589	$	617	$	4,206

							2019
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Total
January 1,	$	145	$	4,043	$	618	$	4,806
Added	—		195		375		570
Charged Off	—		(24)		(81)		(105)
Payments	(134)		(729)		(214)		(1,077)
December 31,	$	11	$	3,485	$	698	$	4,194

							2018
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Total
January 1,	$	2,709	$	3,611	$	714	$	7,034
Added	—		984		295		1,279
Charged Off	—		(16)		(137)		(153)
Payments	(2,564)		(536)		(254)		(3,354)
December 31,	$	145	$	4,043	$	618	$	4,806

Modification of the terms of such loans typically include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. No modification in 2020, 2019 or 2018 resulted in the permanent reduction of the recorded investment in the loan. Modifications involving a reduction of the stated interest rate of the loan were for periods ranging from twelve months to five years. Modifications involving an extension of the maturity date were for periods ranging from twelve months to ten years.

During the years ended December 31, 2020, 2019 and 2018 the Corporation modified 42, 45, and 53 loans respectively as troubled debt restructurings. All of the loans modified were smaller balance residential and consumer loans. There were no loans that were charged off within 12 months of the modification for 2020, 2019, or 2018.

The Corporation had no allocation of specific reserves to customers whose loan terms have been modified in troubled debt restructurings at December 31, 2020, 2019, and 2018. The Corporation has not committed to lend additional amounts as of December 31, 2020 and 2019 to customers with outstanding loans that are classified as troubled debt restructurings.

The CARES Act includes a provision that permits a financial institution to elect to suspend temporarily troubled debt restructuring accounting under ASC Subtopic 310-40 in certain circumstances (“section 4013”). To be eligible under section 4013, a loan modification must be (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. In response to this section of the CARES Act, the federal banking agencies issued a revised interagency statement on April 7, 2020 that, in consultation with the Financial Accounting Standards Board, confirmed that for loans not subject to section 4013, short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not troubled debt restructurings under ASC Subtopic 310-40. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. As of December 31, 2020, 1,545 loans totaling

$305 million were modified, related to COVID-19, that were not considered troubled debt restructurings. As of December 31, 2020, 361 loans totaling $222 million have resumed normal scheduled payments. 1,184 remaining loans are still under a debt relief plan, which include 35 commercial loans totaling $54 million that have been provided additional payment relief since the initial payment relief plan. 134 loans totaling $13 million are under the original payment relief plan.

The following table presents the amortized cost basis of collateral dependent loans by class of loans as of December 31, 2020:

		Collateral Type
(Dollar amounts in thousands)		Real Estate		Other
Commercial
	Commercial & Industrial	$	3,293	$	2,221
	Farmland	2,771		—
	Non Farm, Non Residential	6,838		—
	Agriculture	—		599
	All Other Commercial	528		24
Residential
	First Liens	86		—
	Home Equity	—		—
	Junior Liens	—		—
	Multifamily	1,380		—
	All Other Residential	—		—
Consumer
	Motor Vehicle	—		—
	All Other Consumer	—		—
Total		$	14,896	$	2,844

The following tables present the aging of the recorded investment in loans by past due category and class of loans.

					Greater
December 31, 2020	30-59 Days		60-89 Days		than 90 days		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Total
Commercial
Commercial & Industrial	$	685	$	746	$	3,364	$	4,795	$	603,777	$	608,572
Farmland	22		—		91		113		118,528		118,641
Non Farm, Non Residential	155		—		271		426		350,681		351,107
Agriculture	28		30		275		333		146,147		146,480
All Other Commercial	—		—		24		24		305,612		305,636
Residential
First Liens	5,506		1,866		2,365		9,737		314,730		324,467
Home Equity	260		29		104		393		60,362		60,755
Junior Liens	421		68		341		830		53,346		54,176
Multifamily	—		—		—		—		151,042		151,042
All Other Residential	—		50		—		50		15,918		15,968
Consumer
Motor Vehicle	6,975		1,294		560		8,829		441,283		450,112
All Other Consumer	164		19		13		196		31,401		31,597
TOTAL	$	14,216	$	4,102	$	7,408	$	25,726	$	2,592,827	$	2,618,553

					Greater
December 31, 2019	30-59 Days		60-89 Days		than 90 days		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Total
Commercial
Commercial & Industrial	$	2,885	$	766	$	1,379	$	5,030	$	594,925	$	599,955
Farmland	132		—		2,089		2,221		137,730		139,951
Non Farm, Non Residential	3,749		104		—		3,853		398,854		402,707
Agriculture	277		128		—		405		162,794		163,199
All Other Commercial	—		—		109		109		288,845		288,954
Residential
First Liens	6,452		1,292		1,458		9,202		375,924		385,126
Home Equity	124		63		34		221		70,813		71,034
Junior Liens	384		43		137		564		54,533		55,097
Multifamily	—		—		—		—		148,282		148,282
All Other Residential	1,082		—		890		1,972		22,510		24,482
Consumer
Motor Vehicle	6,488		983		270		7,741		347,950		355,691
All Other Consumer	228		42		2		272		31,692		31,964
TOTAL	$	21,801	$	3,421	$	6,368	$	31,590	$	2,634,852	$	2,666,442

Credit Quality Indicators:

The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes non-homogeneous loans, such as commercial loans, with an outstanding balance greater than $100 thousand. Any consumer loans outstanding to a borrower who had commercial loans analyzed will be similarly risk rated. This analysis is performed on a quarterly basis. The Corporation uses the following definitions for risk ratings:

Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard: Loans classified as substandard are inadequately protected by the current net worth and debt service capacity of the borrower or of any pledged collateral. These loans have a well-defined weakness or weaknesses which have clearly jeopardized repayment of principal and interest as originally intended. They are characterized by the distinct possibility that the institution will sustain some future loss if the deficiencies are not corrected.

Doubtful: Loans classified as doubtful have all the weaknesses inherent in those graded substandard, with the added characteristic that the severity of the weaknesses makes collection or liquidation in full highly questionable or improbable based upon currently existing facts, conditions, and values.

Furthermore, non-homogeneous loans which were not individually analyzed, but are 90+ days past due or on non-accrual are classified as substandard. Loans included in homogeneous pools, such as residential or consumer, may be classified as substandard due to 90+ days delinquency, non-accrual status, bankruptcy, or loan restructuring.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans.

The following tables present the recorded investment of the commercial loan portfolio by risk category as of December 31, 2020:

			December 31, 2020
			Term Loans at Amortized Cost Basis by Origination Year												Revolving
			2020		2019		2018		2017		2016		Prior		Loans		Total
Commercial
	Commercial and Industrial	Pass	$	159,494	$	77,253	$	64,298	$	41,806	$	20,564	$	103,598	$	91,615	$	558,628
		Special Mention	4,848		1,331		4,427		216		1,278		4,566		3,695		20,361
		Substandard	3,780		323		4,187		1,148		3,543		2,565		3,124		18,670
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	2,618		1,772		1,446		580		105		2,255		—		8,776
		Subtotal	$	170,740	$	80,679	$	74,358	$	43,750	$	25,490	$	112,984	$	98,434	$	606,435
	Farmland	Pass	$	10,010	$	12,775	$	12,149	$	10,089	$	15,863	$	40,338	$	1,386	$	102,610
		Special Mention	988		947		—		230		1,900		2,656		—		6,721
		Substandard	1,718		2,303		—		716		1,628		826		—		7,191
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	—		—		—		—		—		—		—		—
		Subtotal	$	12,716	$	16,025	$	12,149	$	11,035	$	19,391	$	43,820	$	1,386	$	116,522
	Non Farm, Non Residential	Pass	$	39,914	$	33,261	$	38,111	$	63,371	$	49,511	$	83,052	$	4,092	$	311,312
		Special Mention	—		998		—		305		9,982		6,811		—		18,096
		Substandard	—		1,188		—		4,310		7,484		7,028		—		20,010
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	—		—		—		—		—		682		—		682
		Subtotal	$	39,914	$	35,447	$	38,111	$	67,986	$	66,977	$	97,573	$	4,092	$	350,100
	Agriculture	Pass	$	13,336	$	8,330	$	3,485	$	5,329	$	3,732	$	16,792	$	67,052	$	118,056
		Special Mention	—		1,483		1,203		664		5		428		7,611		11,394
		Substandard	—		3,834		18		223		2,435		1,988		5,926		14,424
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	159		216		110		6		13		—		—		504
		Subtotal	$	13,495	$	13,863	$	4,816	$	6,222	$	6,185	$	19,208	$	80,589	$	144,378
	Other Commercial	Pass	$	44,673	$	57,200	$	41,470	$	61,442	$	40,196	$	50,325	$	5,162	$	300,468
		Special Mention	—		—		—		7		—		2,786		—		2,793
		Substandard	—		—		—		24		528		24		—		576
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	—		3		52		39		345		—		—		439
		Subtotal	$	44,673	$	57,203	$	41,522	$	61,512	$	41,069	$	53,135	$	5,162	$	304,276
Residential
	Multifamily >5 Residential	Pass	$	44,599	$	9,892	$	36,563	$	19,749	$	4,676	$	21,704	$	1,293	$	138,476
		Special Mention	—		—		—		—		102		10,662		—		10,764
		Substandard	—		—		1,380		—		—		—		—		1,380
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	—		—		—		—		—		—		—		—
		Subtotal	$	44,599	$	9,892	$	37,943	$	19,749	$	4,778	$	32,366	$	1,293	$	150,620
Total		Pass	$	312,026	$	198,711	$	196,076	$	201,786	$	134,542	$	315,809	$	170,600	$	1,529,550
		Special Mention	5,836		4,759		5,630		1,422		13,267		27,909		11,306		70,129
		Substandard	5,498		7,648		5,585		6,421		15,618		12,431		9,050		62,251
		Doubtful	—		—		—		—		—		—		—		—
		Not Rated	2,777		1,991		1,608		625		463		2,937		—		10,401
Total commercial loans			$	326,137	$	213,109	$	208,899	$	210,254	$	163,890	$	359,086	$	190,956	$	1,672,331

The Corporation evaluates the credit quality of its other loan portfolios, which includes residential real estate, consumer and lease financing loans, based primarily on the aging status of the loan and payment activity. Accordingly, loans on non-accrual status, loans past due 90 days or more and still accruing interest, and loans modified under troubled debt restructurings are considered to be nonperforming for purposes of credit quality evaluation. The following table presents the recorded investment of our other loan portfolio based on the credit risk profile of loans that are performing and loans that are nonperforming as of December 31, 2020:

			December 31, 2020
			Term Loans at Amortized Cost Basis by Origination Year												Revolving
			2020		2019		2018		2017		2016		Prior		Loans		Total
Residential
	First Liens	Performing	$	47,875	$	33,737	$	31,634	$	36,426	$	30,419	$	135,456	$	3,235	$	318,782
		Non-performing	—		40		95		343		107		4,062		—		4,647
		Subtotal	$	47,875	$	33,777	$	31,729	$	36,769	$	30,526	$	139,518	$	3,235	$	323,429
	Home Equity	Performing	$	854	$	135	$	644	$	20	$	—	$	1,525	$	57,334	$	60,512
		Non-performing	—		—		1		—		—		91		24		116
		Subtotal	$	854	$	135	$	645	$	20	$	—	$	1,616	$	57,358	$	60,628
	Junior Liens	Performing	$	13,125	$	12,742	$	11,139	$	6,214	$	3,948	$	5,099	$	1,333	$	53,600
		Non-performing	—		129		48		198		9		66		—		450
		Subtotal	$	13,125	$	12,871	$	11,187	$	6,412	$	3,957	$	5,165	$	1,333	$	54,050
	Other Residential	Performing	$	9,773	$	2,775	$	1,372	$	292	$	178	$	733	$	651	$	15,774
		Non-performing	—		62		50		—		—		39		—		151
		Subtotal	$	9,773	$	2,837	$	1,422	$	292	$	178	$	772	$	651	$	15,925
Consumer
	Motor Vehicle	Performing	$	245,839	$	113,293	$	51,649	$	24,786	$	10,026	$	1,600	$	—	$	447,193
		Non-performing	318		355		257		127		36		11		—		1,104
		Subtotal	$	246,157	$	113,648	$	51,906	$	24,913	$	10,062	$	1,611	$	—	$	448,297
	Other Consumer	Performing	$	15,298	$	7,328	$	2,622	$	724	$	854	$	703	$	3,352	$	30,881
		Non-performing	231		200		92		22		—		8		19		572
		Subtotal	$	15,529	$	7,528	$	2,714	$	746	$	854	$	711	$	3,371	$	31,453
Total		Performing	$	332,764	$	170,010	$	99,060	$	68,462	$	45,425	$	145,116	$	65,905	$	926,742
		Non-performing	549		786		543		690		152		4,277		43		7,040
Total other loans			$	333,313	$	170,796	$	99,603	$	69,152	$	45,577	$	149,393	$	65,948	$	933,782

As of December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

			Special
(Dollar amounts in thousands)	Pass		Mention		Substandard		Doubtful		Not Rated		Total
Commercial
Commercial & Industrial	$	549,341	$	19,253	$	26,349	$	5	$	2,761	$	597,709
Farmland	119,858		8,673		8,644		—		100		137,275
Non Farm, Non Residential	381,404		4,424		12,269		—		3,678		401,775
Agriculture	127,144		4,507		27,490		—		985		160,126
All Other Commercial	283,266		3,141		1,120		—		35		287,562
Residential
First Liens	174,338		926		4,382		—		204,266		383,912
Home Equity	18,417		—		134		11		52,280		70,842
Junior Liens	2,839		64		178		76		51,817		54,974
Multifamily	146,497		112		1,315		—		19		147,943
All Other Residential	12,624		—		205		—		11,577		24,406
Consumer
Motor Vehicle	2,880		—		538		—		350,780		354,198
All Other Consumer	3,155		—		38		—		28,615		31,808
TOTAL	$	1,821,763	$	41,100	$	82,662	$	92	$	706,913	$	2,652,530