XML 18 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Allowance for Credit Losses
9 Months Ended
Sep. 30, 2022
Allowance for Credit Losses  
Allowance for Loan Losses

2.    Allowance for Credit Losses

The following table presents the activity of the allowance for credit losses by portfolio segment for the three months ended September 30.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for Credit Losses:

    

​

​

​

September 30, 2022

​

​

​

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Unallocated

​

Total

Beginning balance

​

$

16,469

​

$

14,168

​

$

10,584

​

$

247

​

$

41,468

Provision for credit losses

​

 

(1,403)

​

 

297

​

 

2,199

​

 

(43)

​

 

1,050

Loans charged-off

​

 

(2,406)

​

 

(57)

​

 

(3,190)

​

 

—

​

 

(5,653)

Recoveries

​

 

634

​

 

55

​

 

1,941

​

 

—

​

 

2,630

Ending Balance

​

$

13,294

​

$

14,463

​

$

11,534

​

$

204

​

$

39,495

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for Credit Losses:

    

​

​

    

September 30, 2021

    

    

​

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Unallocated

​

Total

Beginning balance

​

$

15,693

​

$

17,837

​

$

10,988

​

$

214

​

$

44,732

Provision for credit losses

​

 

(531)

​

 

(1,387)

​

 

173

​

 

245

​

 

(1,500)

Loans charged-off

​

 

(313)

​

 

(61)

​

 

(1,240)

​

 

—

​

 

(1,614)

Recoveries

​

 

182

​

 

130

​

 

1,032

​

 

—

​

 

1,344

Ending Balance

​

$

15,031

​

$

16,519

​

$

10,953

​

$

459

​

$

42,962

​

The following table presents the activity of the allowance for credit losses by portfolio segment for the nine months ended September 30.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for Credit Losses:

    

​

​

​

September 30, 2022

​

​

​

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Unallocated

​

Total

Beginning balance

​

$

18,883

​

$

18,316

​

$

10,721

​

$

385

​

$

48,305

Provision for credit losses

​

 

(3,835)

​

 

(3,952)

​

 

3,218

​

 

(181)

​

 

(4,750)

Loans charged -off

​

 

(3,659)

​

 

(579)

​

 

(7,080)

​

 

—

​

 

(11,318)

Recoveries

​

 

1,905

​

 

678

​

 

4,675

​

 

—

​

 

7,258

Ending Balance

​

$

13,294

​

$

14,463

​

$

11,534

​

$

204

​

$

39,495

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for Credit Losses:

    

​

​

    

September 30, 2021

    

    

​

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Unallocated

​

Total

Beginning balance

​

$

16,901

​

$

19,142

​

$

11,009

​

$

—

​

$

47,052

Provision for credit losses

​

 

(2,067)

​

 

(2,577)

​

 

941

​

 

459

​

 

(3,244)

Loans charged -off

​

 

(612)

​

 

(492)

​

 

(3,999)

​

 

—

​

 

(5,103)

Recoveries

​

 

809

​

 

446

​

 

3,002

​

 

—

​

 

4,257

Ending Balance

​

$

15,031

​

$

16,519

​

$

10,953

​

$

459

​

$

42,962

​

The tables below present the recorded investment in non-performing loans by class of loans.

​

​

​

​

​

​

​

​

​

​

​

​

    

September 30, 2022

​

​

Loans Past

​

​

​

​

Nonaccrual

​

​

Due Over

​

​

​

​

With No

​

​

90 Days Still

​

​

​

​

Allowance

(Dollar amounts in thousands)

​

Accruing

​

Nonaccrual

​

For Credit Loss

Commercial

​

​

​

​

​

​

​

​

​

Commercial & Industrial

​

$

242

​

$

1,647

​

$

322

Farmland

​

 

—

​

 

287

​

 

272

Non Farm, Non Residential

​

 

—

​

 

2,456

​

 

2,443

Agriculture

​

 

—

​

 

393

​

 

361

All Other Commercial

​

 

15

​

 

28

​

 

—

Residential

​

​

​

​

​

​

​

​

​

First Liens

​

 

480

​

 

1,599

​

 

—

Home Equity

​

 

—

​

 

140

​

 

—

Junior Liens

​

 

95

​

 

263

​

 

—

Multifamily

​

 

—

​

 

204

​

 

—

All Other Residential

​

 

—

​

 

108

​

 

—

Consumer

​

​

​

​

​

​

​

​

​

Motor Vehicle

​

 

402

​

 

1,492

​

 

—

All Other Consumer

​

 

1

​

 

530

​

 

—

TOTAL

​

$

1,235

​

$

9,147

​

$

3,398

​

​

​

​

​

​

​

​

​

​

​

​

    

December 31, 2021

​

​

Loans Past

​

​

​

​

Nonaccrual

​

​

Due Over 

​

​

​

​

With No 

​

​

90 Days Still

​

​

​

​

Allowance

(Dollar amounts in thousands)

​

Accruing

​

Nonaccrual

​

For Credit Loss

Commercial

 

​

  

 

​

  

 

​

  

Commercial & Industrial

​

$

14

​

$

1,950

​

$

1,662

Farmland

​

 

—

​

 

15

​

 

—

Non Farm, Non Residential

​

 

—

​

 

2,911

​

 

2,898

Agriculture

​

 

—

​

 

111

​

 

—

All Other Commercial

​

 

—

​

 

4

​

 

—

Residential

​

 

  

​

 

  

​

 

  

First Liens

​

 

346

​

 

2,339

​

 

33

Home Equity

​

 

—

​

 

84

​

 

—

Junior Liens

​

 

89

​

 

294

​

 

—

Multifamily

​

 

—

​

 

225

​

 

—

All Other Residential

​

 

—

​

 

107

​

 

—

Consumer

​

 

  

​

 

  

​

 

  

Motor Vehicle

​

 

94

​

 

864

​

 

—

All Other Consumer

​

 

—

​

 

686

​

 

—

TOTAL

​

$

543

​

$

9,590

​

$

4,593

​

The following tables present the amortized cost basis of collateral dependent loans by class of loans:

​

​

​

​

​

​

​

​

​

    

September 30, 2022

​

​

Collateral Type

(Dollar amounts in thousands)

​

Real Estate

​

Other

Commercial

 

​

  

 

​

  

Commercial & Industrial

​

$

5,656

​

$

142

Farmland

​

 

3,561

​

 

—

Non Farm, Non Residential

​

 

5,555

​

 

—

Agriculture

​

 

—

​

 

361

All Other Commercial

​

 

—

​

 

—

Residential

​

 

  

​

 

  

First Liens

​

 

—

​

 

—

Home Equity

​

 

—

​

 

—

Junior Liens

​

 

—

​

 

—

Multifamily

​

 

—

​

 

—

All Other Residential

​

 

906

​

 

—

Consumer

​

 

  

​

 

  

Motor Vehicle

​

 

—

​

 

—

All Other Consumer

​

 

—

​

 

—

Total

​

$

15,678

​

$

503

​

​

​

​

​

​

​

​

​

​

December 31, 2021

​

​

Collateral Type

(Dollar amounts in thousands)

    

Real Estate

    

Other

Commercial

 

​

  

 

​

  

Commercial & Industrial

​

$

17,734

​

$

720

Farmland

​

 

3,669

​

 

—

Non Farm, Non Residential

​

 

6,135

​

 

—

Agriculture

​

 

—

​

 

—

All Other Commercial

​

 

—

​

 

—

Residential

​

 

  

​

 

  

First Liens

​

 

33

​

 

—

Home Equity

​

 

—

​

 

—

Junior Liens

​

 

—

​

 

—

Multifamily

​

 

935

​

 

—

All Other Residential

​

 

—

​

 

—

Consumer

​

 

  

​

 

  

Motor Vehicle

​

 

—

​

 

—

All Other Consumer

​

 

—

​

 

—

Total

​

$

28,506

​

$

720

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

September 30, 2022

​

​

​

​

​

​

​

​

90 Days

​

​

​

​

​

​

​

​

​

​

​

30-59 Days

​

60-89 Days

​

and Greater

​

Total

​

  

​

​

  

​

(Dollar amounts in thousands)

    

Past Due

    

Past Due

    

Past Due

    

Past Due

    

Current

    

Total

Commercial

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

Commercial & Industrial

​

$

2,437

​

$

217

​

$

1,267

​

$

3,921

​

$

677,656

​

$

681,577

Farmland

​

 

—

​

 

—

​

 

272

​

 

272

​

 

128,175

​

 

128,447

Non Farm, Non Residential

​

 

312

​

 

80

​

 

—

​

 

392

​

 

359,662

​

 

360,054

Agriculture

​

 

—

​

 

—

​

 

—

​

 

—

​

 

120,903

​

 

120,903

All Other Commercial

​

 

301

​

 

—

​

 

30

​

 

331

​

 

434,394

​

 

434,725

Residential

​

 

​

​

 

​

​

 

​

​

 

  

​

 

​

​

 

  

First Liens

​

 

935

​

 

1,056

​

 

1,038

​

 

3,029

​

 

329,304

​

 

332,333

Home Equity

​

 

616

​

 

40

​

 

102

​

 

758

​

 

63,834

​

 

64,592

Junior Liens

​

 

257

​

 

29

​

 

241

​

 

527

​

 

56,214

​

 

56,741

Multifamily

​

 

467

​

 

99

​

 

—

​

 

566

​

 

193,728

​

 

194,294

All Other Residential

​

 

—

​

 

38

​

 

—

​

 

38

​

 

30,169

​

 

30,207

Consumer

​

 

​

​

 

​

​

 

​

​

 

  

​

 

​

​

 

  

Motor Vehicle

​

 

10,129

​

 

2,088

​

 

853

​

 

13,070

​

 

525,363

​

 

538,433

All Other Consumer

​

 

273

​

 

56

​

 

3

​

 

332

​

 

33,713

​

 

34,045

TOTAL

​

$

15,727

​

$

3,703

​

$

3,806

​

$

23,236

​

$

2,953,115

​

$

2,976,351

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

December 31, 2021

​

​

​

​

​

​

​

​

90 Days

​

​

​

​

​

​

​

​

​

​

​

30-59 Days

​

60-89 Days

​

and Greater

​

Total

​

  

​

​

  

​

(Dollar amounts in thousands)

    

Past Due

    

Past Due

    

Past Due

    

Past Due

    

Current

    

Total

Commercial

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

Commercial & Industrial

​

$

1,132

​

$

388

​

$

1,614

​

$

3,134

​

$

693,949

​

$

697,083

Farmland

​

 

57

​

 

—

​

 

—

​

 

57

​

 

141,189

​

 

141,246

Non Farm, Non Residential

​

 

62

​

 

—

​

 

—

​

 

62

​

 

361,174

​

 

361,236

Agriculture

​

 

90

​

 

42

​

 

89

​

 

221

​

 

141,682

​

 

141,903

All Other Commercial

​

 

390

​

 

—

​

 

—

​

 

390

​

 

340,076

​

 

340,466

Residential

​

 

​

​

 

​

​

 

​

​

 

  

​

 

​

​

 

  

First Liens

​

 

4,686

​

 

680

​

 

949

​

 

6,315

​

 

336,064

​

 

342,379

Home Equity

​

 

131

​

 

24

​

 

58

​

 

213

​

 

62,085

​

 

62,298

Junior Liens

​

 

179

​

 

120

​

 

283

​

 

582

​

 

50,048

​

 

50,630

Multifamily

​

 

342

​

 

146

​

 

—

​

 

488

​

 

178,849

​

 

179,337

All Other Residential

​

 

284

​

 

291

​

 

—

​

 

575

​

 

30,843

​

 

31,418

Consumer

​

 

​

​

 

​

​

 

​

​

 

  

​

 

​

​

 

  

Motor Vehicle

​

 

7,633

​

 

1,105

​

 

486

​

 

9,224

​

 

433,095

​

 

442,319

All Other Consumer

​

 

192

​

 

37

​

 

—

​

 

229

​

 

33,425

​

 

33,654

TOTAL

​

$

15,178

​

$

2,833

​

$

3,479

​

$

21,490

​

$

2,802,479

​

$

2,823,969

​

During the three and nine months ended September 30, 2022 and 2021, the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDRs.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Total

July 1,

​

$

672

​

$

3,474

​

$

—

​

$

4,146

Added/(Disposed)

​

 

—

​

 

—

​

 

—

​

 

—

Charged Off

​

 

—

​

 

—

​

 

—

​

 

—

Payments

​

 

(19)

​

 

(180)

​

 

—

​

 

(199)

September 30, 

​

$

653

​

$

3,294

​

$

—

​

$

3,947

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Total

January 1,

​

$

407

​

$

3,686

​

$

706

​

$

4,799

Added/(Disposed)

​

 

305

​

 

128

​

 

(611)

​

 

(178)

Charged Off

​

 

—

​

 

—

​

 

—

​

 

—

Payments

​

 

(59)

​

 

(520)

​

 

(95)

​

 

(674)

September 30, 

​

$

653

​

$

3,294

​

$

—

​

$

3,947

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2021

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Total

July 1,

​

​

—

​

​

3,904

​

​

556

​

​

4,460

Added

​

​

—

​

​

—

​

​

172

​

​

172

Charged Off

​

​

—

​

​

—

​

​

—

​

​

—

Payments

​

​

—

​

​

(91)

​

​

(52)

​

​

(143)

September 30, 

​

​

—

​

​

3,813

​

​

676

​

​

4,489

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2021

(Dollar amounts in thousands)

​

Commercial

​

Residential

​

Consumer

​

Total

January 1,

​

​

—

​

​

3,589

​

​

617

​

​

4,206

Added

​

 

—

​

​

491

​

​

294

​

​

785

Charged Off

​

 

—

​

​

(27)

​

​

(75)

​

​

(102)

Payments

​

 

—

​

​

(240)

​

​

(160)

​

​

(400)

September 30, 

​

​

—

​

​

3,813

​

​

676

​

​

4,489

​

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 2022 or 2021 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. Troubled debt restructurings during the three months ended September 30, 2022 and 2021 did not result in any material charge-offs or additional provision expense.

The Corporation has no allocations of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2022 and 2021. The Corporation has not committed to lend additional amounts as of September 30, 2022 and 2021 to customers with outstanding loans that are classified as troubled debt restructurings. None of the charge-offs during the three and nine months ended September 30, 2022 and 2021 were of restructurings that had occurred in the previous 12 months.

The CARES Act included a provision that permitted 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 have been (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 were not troubled debt restructurings under ASC Subtopic 310-40. This included short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that were insignificant. Borrowers considered current were those that were less than 30 days past due on their contractual payments at the time a modification program was implemented. From the inception of the CARES Act through December 31, 2021, 1,242 loans totaling $172 million were modified, related to COVID-19, that were not considered troubled debt restructurings. 1,076 loans totaling $168 million have resumed normal scheduled payments. 113 remaining loans are still under a debt relief plan, which include no commercial loans that have been provided additional payment relief since the initial payment relief plan.

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.

The following tables present the commercial loan portfolio by risk category:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2022

​

​

​

Term Loans at Amortized Cost Basis by Origination Year

​

Revolving

​

​

​

​

​

    

2022

    

2021

    

2020

    

2019

    

2018

    

Prior

    

Loans

    

Total

Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial and Industrial

Pass

​

$

118,289

​

$

143,777

​

$

57,461

​

$

63,594

​

$

28,655

​

$

110,184

​

$

106,028

​

$

627,988

​

Special Mention

​

 

1,635

​

 

2,954

​

 

413

​

 

611

​

 

3,516

​

 

4,065

​

 

288

​

$

13,482

​

Substandard

​

 

718

​

 

752

​

 

2,621

​

 

1,228

​

 

2,096

​

 

6,573

​

 

11,148

​

$

25,136

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

9,694

​

 

1,588

​

 

913

​

 

560

​

 

211

​

 

112

​

 

—

​

$

13,078

​

Subtotal

​

$

130,336

​

$

149,071

​

$

61,408

​

$

65,993

​

$

34,478

​

$

120,934

​

$

117,464

​

$

679,684

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Farmland

Pass

​

$

13,583

​

$

23,014

​

$

9,382

​

$

10,191

​

$

10,752

​

$

50,206

​

$

267

​

$

117,395

​

Special Mention

​

 

—

​

 

—

​

 

1,164

​

 

882

​

 

—

​

 

3,796

​

 

—

​

$

5,842

​

Substandard

​

 

—

​

 

—

​

 

461

​

 

272

​

 

55

​

 

2,332

​

 

—

​

$

3,120

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

20

​

 

—

​

$

20

​

Subtotal

​

$

13,583

​

$

23,014

​

$

11,007

​

$

11,345

​

$

10,807

​

$

56,354

​

$

267

​

$

126,377

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non Farm, Non Residential

Pass

​

$

70,604

​

$

76,794

​

$

35,195

​

$

19,915

​

$

31,852

​

$

114,737

​

$

1,757

​

$

350,854

​

Special Mention

​

 

—

​

 

—

​

 

—

​

 

931

​

 

—

​

 

370

​

 

—

​

$

1,301

​

Substandard

​

 

—

​

 

—

​

 

—

​

 

521

​

 

—

​

 

6,436

​

 

—

​

$

6,957

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

286

​

 

—

​

$

286

​

Subtotal

​

$

70,604

​

$

76,794

​

$

35,195

​

$

21,367

​

$

31,852

​

$

121,829

​

$

1,757

​

$

359,398

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agriculture

Pass

​

$

7,934

​

$

9,730

​

$

8,381

​

$

8,855

​

$

1,987

​

$

19,173

​

$

56,124

​

$

112,184

​

Special Mention

​

 

89

​

 

—

​

 

10

​

 

5

​

 

—

​

 

712

​

 

3,450

​

$

4,266

​

Substandard

​

 

—

​

 

—

​

 

—

​

 

430

​

 

1,370

​

 

384

​

 

—

​

$

2,184

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

75

​

 

42

​

 

86

​

 

67

​

 

30

​

 

—

​

 

—

​

$

300

​

Subtotal

​

$

8,098

​

$

9,772

​

$

8,477

​

$

9,357

​

$

3,387

​

$

20,269

​

$

59,574

​

$

118,934

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Commercial

Pass

​

$

117,094

​

$

74,954

​

$

89,027

​

$

20,029

​

$

29,456

​

$

87,301

​

$

3,240

​

$

421,101

​

Special Mention

​

 

24

​

 

—

​

 

—

​

 

11

​

 

—

​

 

11,070

​

 

—

​

$

11,105

​

Substandard

​

 

—

​

 

15

​

 

—

​

 

—

​

 

—

​

 

22

​

 

10

​

$

47

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

17

​

 

84

​

 

—

​

 

—

​

 

31

​

 

487

​

 

—

​

$

619

​

Subtotal

​

$

117,135

​

$

75,053

​

$

89,027

​

$

20,040

​

$

29,487

​

$

98,880

​

$

3,250

​

$

432,872

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

​

  

Multifamily >5 Residential

Pass

​

$

58,035

​

$

33,076

​

$

46,842

​

$

12,212

​

$

5,087

​

$

34,770

​

$

932

​

$

190,954

​

Special Mention

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

90

​

 

—

​

$

90

​

Substandard

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

1,301

​

 

—

​

$

1,301

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

—

​

 

1,129

​

 

—

​

 

—

​

 

—

​

 

267

​

 

—

​

$

1,396

​

Subtotal

​

$

58,035

​

$

34,205

​

$

46,842

​

$

12,212

​

$

5,087

​

$

36,428

​

$

932

​

$

193,741

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

Pass

​

$

385,539

​

$

361,345

​

$

246,288

​

$

134,796

​

$

107,789

​

$

416,371

​

$

168,348

​

$

1,820,476

​

Special Mention

​

 

1,748

​

 

2,954

​

 

1,587

​

 

2,440

​

 

3,516

​

 

20,103

​

 

3,738

​

$

36,086

​

Substandard

​

 

718

​

 

767

​

 

3,082

​

 

2,451

​

 

3,521

​

 

17,048

​

 

11,158

​

$

38,745

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

9,786

​

 

2,843

​

 

999

​

 

627

​

 

272

​

 

1,172

​

 

—

​

$

15,699

Total commercial loans

​

​

$

397,791

​

$

367,909

​

$

251,956

​

$

140,314

​

$

115,098

​

$

454,694

​

$

183,244

​

$

1,911,006

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2021

​

​

​

Term Loans at Amortized Cost Basis by Origination Year

​

Revolving

​

​

​

​

​

    

2021

    

2020

    

2019

    

2018

    

2017

    

Prior

    

Loans

    

Total

Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial and Industrial

Pass

​

$

163,588

​

$

71,271

​

$

80,668

​

$

40,441

​

$

37,739

​

$

113,887

​

$

111,594

​

$

619,188

​

Special Mention

​

 

7,561

​

 

393

​

 

1,841

​

 

5,375

​

 

263

​

 

4,523

​

 

7,482

​

$

27,438

​

Substandard

​

 

4,521

​

 

896

​

 

348

​

 

5,148

​

 

2,325

​

 

7,934

​

 

2,648

​

$

23,820

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

21,134

​

 

1,610

​

 

959

​

 

466

​

 

189

​

 

140

​

 

—

​

$

24,498

​

Subtotal

​

$

196,804

​

$

74,170

​

$

83,816

​

$

51,430

​

$

40,516

​

$

126,484

​

$

121,724

​

$

694,944

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Farmland

Pass

​

$

25,673

​

$

12,060

​

$

13,111

​

$

13,246

​

$

11,049

​

$

49,158

​

$

1,418

​

$

125,715

​

Special Mention

​

 

—

​

 

1,191

​

 

914

​

 

—

​

 

342

​

 

3,247

​

 

—

​

$

5,694

​

Substandard

​

 

3,455

​

 

444

​

 

—

​

 

326

​

 

558

​

 

2,876

​

 

—

​

$

7,659

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Subtotal

​

$

29,128

​

$

13,695

​

$

14,025

​

$

13,572

​

$

11,949

​

$

55,281

​

$

1,418

​

$

139,068

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non Farm, Non Residential

Pass

​

$

81,203

​

$

37,971

​

$

24,716

​

$

32,775

​

$

54,732

​

$

97,241

​

$

10,548

​

$

339,186

​

Special Mention

​

 

—

​

 

—

​

 

1,103

​

 

182

​

 

1,948

​

 

1,996

​

 

—

​

$

5,229

​

Substandard

​

 

—

​

 

—

​

 

910

​

 

—

​

 

1,440

​

 

13,391

​

 

—

​

$

15,741

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

402

​

 

—

​

$

402

​

Subtotal

​

$

81,203

​

$

37,971

​

$

26,729

​

$

32,957

​

$

58,120

​

$

113,030

​

$

10,548

​

$

360,558

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Agriculture

Pass

​

$

14,426

​

$

10,386

​

$

10,135

​

$

2,585

​

$

4,932

​

$

15,755

​

$

68,937

​

$

127,156

​

Special Mention

​

 

—

​

 

—

​

 

1,000

​

 

—

​

 

537

​

 

271

​

 

5,257

​

$

7,065

​

Substandard

​

 

—

​

 

20

​

 

216

​

 

—

​

 

46

​

 

485

​

 

4,828

​

$

5,595

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

110

​

 

120

​

 

131

​

 

55

​

 

1

​

 

—

​

 

—

​

$

417

​

Subtotal

​

$

14,536

​

$

10,526

​

$

11,482

​

$

2,640

​

$

5,516

​

$

16,511

​

$

79,022

​

$

140,233

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Commercial

Pass

​

$

77,821

​

$

69,117

​

$

33,231

​

$

36,495

​

$

53,479

​

$

58,819

​

$

3,488

​

$

332,450

​

Special Mention

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

6,106

​

 

—

​

$

6,106

​

Substandard

​

 

72

​

 

—

​

 

25

​

 

475

​

 

—

​

 

9

​

 

—

​

$

581

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

89

​

 

—

​

 

—

​

 

37

​

 

—

​

 

—

​

 

—

​

$

126

​

Subtotal

​

$

77,982

​

$

69,117

​

$

33,256

​

$

37,007

​

$

53,479

​

$

64,934

​

$

3,488

​

$

339,263

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Multifamily >5 Residential

Pass

​

$

37,244

​

$

63,312

​

$

16,037

​

$

7,471

​

$

5,370

​

$

35,284

​

$

1,434

​

$

166,152

​

Special Mention

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

10,282

​

 

—

​

$

10,282

​

Substandard

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

958

​

 

—

​

$

958

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

1,149

​

 

—

​

 

—

​

 

—

​

 

44

​

 

384

​

 

—

​

$

1,577

​

Subtotal

​

$

38,393

​

$

63,312

​

$

16,037

​

$

7,471

​

$

5,414

​

$

46,908

​

$

1,434

​

$

178,969

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

Pass

​

$

399,955

​

$

264,117

​

$

177,898

​

$

133,013

​

$

167,301

​

$

370,144

​

$

197,419

​

$

1,709,847

​

Special Mention

​

 

7,561

​

 

1,584

​

 

4,858

​

 

5,557

​

 

3,090

​

 

26,425

​

 

12,739

​

$

61,814

​

Substandard

​

 

8,048

​

 

1,360

​

 

1,499

​

 

5,949

​

 

4,369

​

 

25,653

​

 

7,476

​

$

54,354

​

Doubtful

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

$

—

​

Not Rated

​

 

22,482

​

 

1,730

​

 

1,090

​

 

558

​

 

234

​

 

926

​

 

—

​

$

27,020

Total commercial loans

​

​

$

438,046

​

$

268,791

​

$

185,345

​

$

145,077

​

$

174,994

​

$

423,148

​

$

217,634

​

$

1,853,035

​

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 balance of our other loan portfolio based on the credit risk profile of loans that are performing and loans that are nonperforming:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

September 30, 2022

​

​

​

Term Loans at Amortized Cost Basis by Origination Year

​

Revolving

​

​

​

​

​

    

2022

    

2021

    

2020

    

2019

    

2018

    

Prior

    

Loans

    

Total

Residential

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

First Liens

Performing

​

$

53,596

​

$

68,418

​

$

42,892

​

$

17,521

​

$

20,943

​

$

122,753

​

$

3,201

​

$

329,324

​

Non-performing

​

 

—

​

 

—

​

 

—

​

 

33

​

 

64

​

 

2,068

​

 

—

​

$

2,165

​

Subtotal

​

$

53,596

​

$

68,418

​

$

42,892

​

$

17,554

​

$

21,007

​

$

124,821

​

$

3,201

​

$

331,489

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Home Equity

Performing

​

$

1,823

​

$

—

​

$

8

​

$

115

​

$

90

​

$

1,074

​

$

61,175

​

$

64,285

​

Non-performing

​

 

—

​

 

—

​

 

79

​

 

—

​

 

15

​

 

45

​

 

—

​

$

139

​

Subtotal

​

$

1,823

​

$

—

​

$

87

​

$

115

​

$

105

​

$

1,119

​

$

61,175

​

$

64,424

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Junior Liens

Performing

​

$

16,412

​

$

11,274

​

$

7,963

​

$

6,220

​

$

5,877

​

$

6,783

​

$

1,737

​

$

56,266

​

Non-performing

​

 

—

​

 

—

​

 

26

​

 

65

​

 

74

​

 

192

​

 

—

​

$

357

​

Subtotal

​

$

16,412

​

$

11,274

​

$

7,989

​

$

6,285

​

$

5,951

​

$

6,975

​

$

1,737

​

$

56,623

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Residential

Performing

​

$

9,348

​

$

13,341

​

$

4,450

​

$

1,322

​

$

503

​

$

1,051

​

$

—

​

$

30,015

​

Non-performing

​

 

—

​

 

—

​

 

—

​

 

50

​

 

38

​

 

20

​

 

—

​

$

108

​

Subtotal

​

$

9,348

​

$

13,341

​

$

4,450

​

$

1,372

​

$

541

​

$

1,071

​

$

—

​

$

30,123

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Motor Vehicle

Performing

​

$

251,757

​

$

132,338

​

$

100,690

​

$

34,889

​

$

11,308

​

$

3,552

​

$

6

​

$

534,540

​

Non-performing

​

 

306

​

 

694

​

 

426

​

 

247

​

 

60

​

 

39

​

 

—

​

$

1,772

​

Subtotal

​

$

252,063

​

$

133,032

​

$

101,116

​

$

35,136

​

$

11,368

​

$

3,591

​

$

6

​

$

536,312

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Consumer

Performing

​

$

11,785

​

$

9,216

​

$

4,804

​

$

1,502

​

$

506

​

$

884

​

$

4,702

​

$

33,399

​

Non-performing

​

 

28

​

 

269

​

 

132

​

 

69

​

 

19

​

 

15

​

 

2

​

$

534

​

Subtotal

​

$

11,813

​

$

9,485

​

$

4,936

​

$

1,571

​

$

525

​

$

899

​

$

4,704

​

$

33,933

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

Performing

​

$

344,721

​

$

234,587

​

$

160,807

​

$

61,569

​

$

39,227

​

$

136,097

​

$

70,821

​

$

1,047,829

​

Non-performing

​

 

334

​

 

963

​

 

663

​

 

464

​

 

270

​

 

2,379

​

 

2

​

$

5,075

Total other loans

​

​

$

345,055

​

$

235,550

​

$

161,470

​

$

62,033

​

$

39,497

​

$

138,476

​

$

70,823

​

$

1,052,904

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

December 31, 2021

​

​

​

Term Loans at Amortized Cost Basis by Origination Year

​

Revolving

​

​

​

​

​

    

2021

    

2020

    

2019

    

2018

    

2017

    

Prior

    

Loans

    

Total

Residential

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

First Liens

Performing

​

$

86,224

​

$

49,633

​

$

22,262

​

$

24,377

​

$

26,437

​

$

126,828

​

$

3,061

​

$

338,822

​

Non-performing

​

 

—

​

 

—

​

 

35

​

 

69

​

 

160

​

 

2,421

​

 

—

​

$

2,685

​

Subtotal

​

$

86,224

​

$

49,633

​

$

22,297

​

$

24,446

​

$

26,597

​

$

129,249

​

$

3,061

​

$

341,507

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Home Equity

Performing

​

$

757

​

$

9

​

$

152

​

$

719

​

$

62

​

$

1,332

​

$

59,059

​

$

62,090

​

Non-performing

​

 

—

​

 

25

​

 

—

​

 

—

​

 

3

​

 

57

​

 

—

​

$

85

​

Subtotal

​

$

757

​

$

34

​

$

152

​

$

719

​

$

65

​

$

1,389

​

$

59,059

​

$

62,175

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Junior Liens

Performing

​

$

13,255

​

$

10,189

​

$

8,124

​

$

7,888

​

$

4,158

​

$

5,554

​

$

968

​

$

50,136

​

Non-performing

​

 

—

​

 

6

​

 

64

​

 

97

​

 

119

​

 

94

​

 

—

​

$

380

​

Subtotal

​

$

13,255

​

$

10,195

​

$

8,188

​

$

7,985

​

$

4,277

​

$

5,648

​

$

968

​

$

50,516

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Residential

Performing

​

$

20,218

​

$

6,665

​

$

1,697

​

$

662

​

$

883

​

$

1,092

​

$

—

​

$

31,217

​

Non-performing

​

 

—

​

 

—

​

 

55

​

 

43

​

 

—

​

 

27

​

 

—

​

$

125

​

Subtotal

​

$

20,218

​

$

6,665

​

$

1,752

​

$

705

​

$

883

​

$

1,119

​

$

—

​

$

31,342

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

​

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Motor Vehicle

Performing

​

$

188,675

​

$

155,156

​

$

60,676

​

$

23,367

​

$

9,307

​

$

2,384

​

$

—

​

$

439,565

​

Non-performing

​

 

199

​

 

373

​

 

191

​

 

109

​

 

43

​

 

23

​

 

—

​

$

938

​

Subtotal

​

$

188,874

​

$

155,529

​

$

60,867

​

$

23,476

​

$

9,350

​

$

2,407

​

$

—

​

$

440,503

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Consumer

Performing

​

$

14,924

​

$

8,225

​

$

3,119

​

$

948

​

$

304

​

$

1,121

​

$

4,194

​

$

32,835

​

Non-performing

​

 

342

​

 

181

​

 

107

​

 

35

​

 

18

​

 

3

​

 

2

​

$

688

​

Subtotal

​

$

15,266

​

$

8,406

​

$

3,226

​

$

983

​

$

322

​

$

1,124

​

$

4,196

​

$

33,523

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

Performing

​

$

324,053

​

$

229,877

​

$

96,030

​

$

57,961

​

$

41,151

​

$

138,311

​

$

67,282

​

$

954,665

​

Non-performing

​

 

541

​

 

585

​

 

452

​

 

353

​

 

343

​

 

2,625

​

 

2

​

$

4,901

Total other loans

​

​

$

324,594

​

$

230,462

​

$

96,482

​

$

58,314

​

$

41,494

​

$

140,936

​

$

67,284

​

$

959,566

​