LOANS

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

LOANS

LOANS

(dollars in thousands)	March 31, 2023				December 31, 2022
Commercial and industrial loans:
Working capital lines of credit loans	$	636,171	13.4	%	$	650,948	13.8	%
Non-working capital loans	823,447		17.3		842,101		17.9
Total commercial and industrial loans	1,459,618		30.7		1,493,049		31.7
Commercial real estate and multi-family residential loans:
Construction and land development loans	591,812		12.4		517,664		11.0
Owner occupied loans	750,840		15.8		758,091		16.0
Nonowner occupied loans	705,830		14.8		706,107		15.0
Multifamily loans	217,274		4.5		197,232		4.2
Total commercial real estate and multi-family residential loans	2,265,756		47.5		2,179,094		46.2
Agri-business and agricultural loans:
Loans secured by farmland	178,683		3.8		201,200		4.3
Loans for agricultural production	214,299		4.5		230,888		4.9
Total agri-business and agricultural loans	392,982		8.3		432,088		9.2
Other commercial loans:	132,284		2.8		113,593		2.4
Total commercial loans	4,250,640		89.3		4,217,824		89.5
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	221,616		4.7		212,742		4.5
Open end and junior lien loans	175,907		3.7		175,575		3.7
Residential construction and land development loans	20,393		0.4		19,249		0.4
Total consumer 1-4 family mortgage loans	417,916		8.8		407,566		8.6
Other consumer loans	89,734		1.9		88,075		1.9
Total consumer loans	507,650		10.7		495,641		10.5
Subtotal	4,758,290		100.0	%	4,713,465		100.0	%
Less: Allowance for credit losses	(71,215)				(72,606)
Net deferred loan fees	(3,362)				(3,069)
Loans, net	$	4,683,713			$	4,637,790

The recorded investment in loans does not include accrued interest, which totaled $18.4 million at both March 31, 2023 and December 31, 2022.

The Company had $558,000 and $306,000 in residential real estate loans in the process of foreclosure as of March 31, 2023 and December 31, 2022, respectively.