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Loans

3 Months Ended

Mar. 31, 2021

LOANS

Total net loans at March 31, 2021 and December 31, 2020 are summarized as follows:


	March 31, 2021		Percentage of Total		December 31, 2020		Percentage of Total
Farmland	$	24,066	0.7	%	$	23,316	0.7	%
Owner-occupied, nonfarm nonresidential properties	408,355		12.0	%	407,924		12.1	%
Agricultural production and other loans to farmers	3,519		0.1	%	2,664		0.1	%
Commercial and Industrial	690,927		20.3	%	663,550		19.7	%
Obligations (other than securities and leases) of states and political subdivisions	130,859		3.8	%	132,818		3.9	%
Other loans	11,413		0.3	%	11,961		0.4	%
Other construction loans and all land development and other land loans	221,012		6.5	%	205,734		6.1	%
Multifamily (5 or more) residential properties	235,702		6.9	%	212,815		6.3	%
Non-owner occupied, nonfarm nonresidential properties	622,765		18.3	%	640,945		19.0	%
1-4 Family Construction	23,667		0.7	%	27,768		0.8	%
Home equity lines of credit	105,754		3.1	%	109,444		3.2	%
Residential Mortgages secured by first liens	771,564		22.7	%	777,030		23.0	%
Residential Mortgages secured by junior liens	53,014		1.6	%	53,726		1.6	%
Other revolving credit plans	25,966		0.8	%	25,507		0.8	%
Automobile	24,171		0.7	%	25,344		0.8	%
Other consumer	40,120		1.2	%	42,792		1.3	%
Credit cards	7,875		0.2	%	8,115		0.2	%
Overdrafts	235		0.0	%	336		0.0	%
Total loans	$	3,400,984	100.0	%	$	3,371,789	100.0	%
Less: Allowance for credit losses	(35,555)				(34,340)
Loans, net	$	3,365,429			$	3,337,449

Net deferred loan origination fees (costs) included in the above loan table	$	10,889			$	8,789

The Corporation’s outstanding loans and related unfunded commitments are primarily concentrated within central and northwest Pennsylvania, central and northeast Ohio, and western New York. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management’s assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation’s management and reviewed and ratified annually by the Corporation’s Board of Directors.

As a result of the adoption of ASC 326 effective January 1, 2020, there is a lack of comparability in both the allowance and provisions for credit losses for the periods presented. Beginning with the quarter ended December 31, 2020, the Corporation adopted ASC 326 and subsequent results are presented using the current expected credit losses (“CECL”) methodology. Prior to the quarter ended December 31, 2020, the results are reported in accordance with the incurred loss methodology and have not been restated.

Transactions in the allowance for credit losses for the three months ended March 31, 2021 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Loss Expense		Ending Allowance
Farmland	$	221	$	0	$	0	$	3	$	224
Owner-occupied, nonfarm nonresidential properties	3,700		(531)		2		(236)		2,935
Agricultural production and other loans to farmers	24		0		0		4		28
Commercial and Industrial	6,233		(56)		5		297		6,479
Obligations (other than securities and leases) of states and political subdivisions	998		0		0		717		1,715
Other loans	68		0		0		5		73
Other construction loans and all land development and other land loans	1,956		0		0		50		2,006
Multifamily (5 or more) residential properties	2,724		0		0		30		2,754
Non-owner occupied, nonfarm nonresidential properties	8,658		0		0		2,668		11,326
1-4 Family Construction	82		0		0		(15)		67
Home equity lines of credit	985		0		0		(142)		843
Residential Mortgages secured by first liens	4,539		(28)		31		(992)		3,550
Residential Mortgages secured by junior liens	241		0		0		(17)		224
Other revolving credit plans	507		(6)		2		24		527
Automobile	132		(5)		0		55		182
Other consumer	2,962		(315)		48		(321)		2,374
Credit cards	66		(33)		8		24		65
Overdrafts	244		(84)		55		(32)		183
Total loans	$	34,340	$	(1,058)	$	151	$	2,122	$	35,555

The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, delinquency status and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. For the three months ended March 31, 2021, the allowance for credit losses increased due to the addition of $2,349 in specific reserves related to three commercial loan relationships, partially offset by net charge offs of $907, which were primarily impacted by one commercial loan relationship. The Corporation did not have any significant changes in their assumptions to the key drivers of the allowance for credit losses during the period.

Transactions in the allowance for loan losses for the three months ended March 31, 2020 under the incurred loss methodology were as follows:


	Commercial, Industrial and Agricultural		Commercial Mortgages		Residential Real Estate		Consumer		Credit Cards		Overdrafts		Total
Allowance for loan losses, January 1, 2020	$	8,287	$	6,952	$	1,499	$	2,411	$	84	$	240	$	19,473
Charge-offs	(25)		0		(143)		(592)		(31)		(119)		(910)
Recoveries	18		172		3		43		1		36		273
Provision (benefit) for loan losses	2,252		368		99		276		58		26		3,079
Allowance for loan losses, March 31, 2020	$	10,532	$	7,492	$	1,458	$	2,138	$	112	$	183	$	21,915

The following table presents information for impaired loans for the three months ended March 31, 2020:


	Three months ended March 31, 2020
	Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized
With an allowance recorded:
Commercial, industrial and agricultural	$	4,272	$	17	$	17
Commercial mortgage	4,331		37		37
Residential real estate	463		5		5
With no related allowance recorded:
Commercial, industrial and agricultural	7,161		42		42
Commercial mortgage	9,598		158		158
Residential real estate	0		0		0
Total	$	25,825	$	259	$	259

The following tables presents the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of March 31, 2021 and December 31, 2020, respectively:


	March 31, 2021
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Past Due over 89 Days Still Accruing
Farmland	$	1,843	$	50	$	0
Owner-occupied, nonfarm nonresidential properties	1,482		1,179		0

Commercial and Industrial	6,477		587		884
Obligations (other than securities and leases) of states and political subdivisions	706		0		0

Other construction loans and all land development and other land loans	1,892		77		0
Multifamily (5 or more) residential properties	994		0		0
Non-owner occupied, nonfarm nonresidential properties	13,980		489		0

Home equity lines of credit	754		754		0
Residential Mortgages secured by first liens	3,283		3,283		76
Residential Mortgages secured by junior liens	100		100		0
Other revolving credit plans	17		17		0
Automobile	7		7		0
Other consumer	347		347		0
Credit cards	0		0		27

Total loans	$	31,882	$	6,890	$	987


	December 31, 2020
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Past Due over 89 Days Still Accruing
Farmland	$	1,844	$	51	$	0
Owner-occupied, nonfarm nonresidential properties	1,781		909		0

Commercial and Industrial	6,657		464		0


Other construction loans and all land development and other land loans	2,349		77		0
Multifamily (5 or more) residential properties	288		0		0
Non-owner occupied, nonfarm nonresidential properties	11,932		394		0

Home equity lines of credit	685		685		0
Residential Mortgages secured by first liens	4,175		3,495		283
Residential Mortgages secured by junior liens	114		114		0
Other revolving credit plans	6		6		0
Automobile	32		32		0
Other consumer	496		496		8
Credit cards	0		0		34

Total loans	$	30,359	$	6,723	$	325

All payments received while on nonaccrual status are applied against the principal balance of the loan. The Corporation does not recognize interest income while loans are on nonaccrual status.

The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2021:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	1,793	$	0
Owner-occupied, nonfarm nonresidential properties	267		36

Commercial and Industrial	398		5,492
Obligations (other than securities and leases) of states and political subdivisions	706		0

Other construction loans and all land development and other land loans	1,815		0
Multifamily (5 or more) residential properties	994		0
Non-owner occupied, nonfarm nonresidential properties	11,747		158


Residential Mortgages secured by first liens	451		0






Total loans	$	18,171	$	5,686

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


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	1,793	$	0
Owner-occupied, nonfarm nonresidential properties	285		587

Commercial and Industrial	594		5,600


Other construction loans and all land development and other land loans	2,272		0
Multifamily (5 or more) residential properties	288		0
Non-owner occupied, nonfarm nonresidential properties	9,072		880


Residential Mortgages secured by first liens	1,135		0






Total loans	$	15,439	$	7,067

The following table presents the aging of the amortized cost basis in past-due loans as of March 31, 2021 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Farmland	$	193	$	0	$	1,211	$	1,404	$	22,662	$	24,066
Owner-occupied, nonfarm nonresidential properties	334		0		991		1,325		407,030		408,355
Agricultural production and other loans to farmers	0		0		0		0		3,519		3,519
Commercial and Industrial	1,064		1,045		4,281		6,390		684,537		690,927
Obligations (other than securities and leases) of states and political subdivisions	0		0		0		0		130,859		130,859
Other loans	0		0		0		0		11,413		11,413
Other construction loans and all land development and other land loans	0		0		1,453		1,453		219,559		221,012
Multifamily (5 or more) residential properties	209		0		0		209		235,493		235,702
Non-owner occupied, nonfarm nonresidential properties	0		312		10,233		10,545		612,220		622,765
1-4 Family Construction	0		0		0		0		23,667		23,667
Home equity lines of credit	33		178		98		309		105,445		105,754
Residential Mortgages secured by first liens	1,365		462		1,381		3,208		768,356		771,564
Residential Mortgages secured by junior liens	0		93		21		114		52,900		53,014
Other revolving credit plans	0		8		13		21		25,945		25,966
Automobile	55		0		5		60		24,111		24,171
Other consumer	211		99		166		476		39,644		40,120
Credit cards	17		26		27		70		7,805		7,875
Overdrafts	0		0		0		0		235		235
Total loans	$	3,481	$	2,223	$	19,880	$	25,584	$	3,375,400	$	3,400,984

The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2020 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Farmland	$	195	$	0	$	1,211	$	1,406	$	21,910	$	23,316
Owner-occupied, nonfarm nonresidential properties	10		885		732		1,627		406,297		407,924
Agricultural production and other loans to farmers	0		0		0		0		2,664		2,664
Commercial and Industrial	476		335		3,887		4,698		658,852		663,550
Obligations (other than securities and leases) of states and political subdivisions	0		0		0		0		132,818		132,818
Other loans	0		0		0		0		11,961		11,961
Other construction loans and all land development and other land loans	0		0		1,917		1,917		203,817		205,734
Multifamily (5 or more) residential properties	0		0		0		0		212,815		212,815
Non-owner occupied, nonfarm nonresidential properties	314		156		10,184		10,654		630,291		640,945
1-4 Family Construction	0		0		0		0		27,768		27,768
Home equity lines of credit	166		235		486		887		108,557		109,444
Residential Mortgages secured by first liens	2,834		629		1,911		5,374		771,656		777,030
Residential Mortgages secured by junior liens	8		0		66		74		53,652		53,726
Other revolving credit plans	36		19		0		55		25,452		25,507
Automobile	73		0		9		82		25,262		25,344
Other consumer	246		132		245		623		42,169		42,792
Credit cards	72		39		34		145		7,970		8,115
Overdrafts	0		0		0		0		336		336
Total loans	$	4,430	$	2,430	$	20,682	$	27,542	$	3,344,247	$	3,371,789

Troubled Debt Restructurings

In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without a loan modification. This evaluation is performed using the Corporation’s internal underwriting policies. The Corporation has no further loan commitments to customers whose loans are classified as a troubled debt restructuring.

As of March 31, 2021 and December 31, 2020, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included either or both of the following: a reduction of the stated interest rate of the loan; or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. The Corporation had an amortized cost in troubled debt restructurings of $17,105 and $15,088 as of March 31, 2021 and December 31, 2020, respectively. The Corporation has allocated $1,385 and $779 of allowance for those loans as of March 31, 2021 and December 31, 2020, respectively.

The following table presents loans modified as TDRs during the three months ended March 31, 2021:


	Three Months Ended March 31, 2021
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment







Multifamily (5 or more) residential properties	1	$	717	$	717
Non-owner occupied, nonfarm nonresidential properties	1	1,604		1,604









Total loans	2	$	2,321	$	2,321

There were no loans modified as troubled debt restructurings during the three months ended March 31, 2020.

The troubled debt restructurings described above increased the allowance for credit losses by zero and zero during the three months ended March 31, 2021 and March 31, 2020, respectively.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no loans modified as troubled debt restructurings for which there was a payment default within a twelve-month cycle following the modification during the three months ended March 31, 2021 and March 31, 2020. There were no principal balances forgiven in connection with the loan restructurings.

Generally, nonperforming troubled debt restructurings are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt.

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 to classify the loans as to credit risk.

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 Corporation’s credit position at some future date.

Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.

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

The following tables detail the amortized cost of loans, by year of origination (for term loans) and by risk grade within each portfolio segment as of March 31, 2021. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	2,340	$	1,609	$	4,018	$	3,686	$	3,623	$	5,112	$	680	$	0	$	21,068
Special mention	0		1,156		0		0		0		0		0		0		1,156
Substandard	0		0		0		0		49		1,793		0		0		1,842
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	2,340	$	2,765	$	4,018	$	3,686	$	3,672	$	6,905	$	680	$	0	$	24,066
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	21,542	$	92,037	$	97,475	$	48,063	$	54,569	$	71,633	$	8,211	$	0	$	393,530
Special mention	0		0		863		65		146		1,595		77		0		2,746
Substandard	0		996		2,401		2,006		384		6,035		257		0		12,079
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	21,542	$	93,033	$	100,739	$	50,134	$	55,099	$	79,263	$	8,545	$	0	$	408,355
Agricultural production and other loans to farmers
Risk rating
Pass	$	785	$	217	$	142	$	599	$	0	$	53	$	1,723	$	0	$	3,519
Special mention	0		0		0		0		0		0		0		0		0
Substandard	0		0		0		0		0		0		0		0		0
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	785	$	217	$	142	$	599	$	0	$	53	$	1,723	$	0	$	3,519
Commercial and Industrial
Risk rating
Pass	$	160,165	$	209,202	$	46,734	$	35,707	$	23,364	$	28,812	$	164,494	$	0	$	668,478
Special mention	0		110		980		3,544		223		1,223		939		0		7,019
Substandard	70		786		1,949		1,214		144		5,613		5,654		0		15,430
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	160,235	$	210,098	$	49,663	$	40,465	$	23,731	$	35,648	$	171,087	$	0	$	690,927
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	69	$	10,596	$	12,163	$	34,411	$	20,742	$	43,512	$	8,660	$	0	$	130,153
Special mention	0		0		0		0		0		0		0		0		0
Substandard	0		706		0		0		0		0		0		0		706
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	69	$	11,302	$	12,163	$	34,411	$	20,742	$	43,512	$	8,660	$	0	$	130,859
Other loans
Risk rating
Pass	$	11	$	7,855	$	699	$	366	$	0	$	0	$	2,482	$	0	$	11,413
Special mention	0		0		0		0		0		0		0		0		0
Substandard	0		0		0		0		0		0		0		0		0
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	11	$	7,855	$	699	$	366	$	0	$	0	$	2,482	$	0	$	11,413


	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	9,167	$	127,040	$	54,770	$	18,002	$	1,035	$	1,648	$	3,088	$	0	$	214,750
Special mention	0		1,340		666		29		2,774		0		0		0		4,809
Substandard	0		0		0		0		0		1,376		77		0		1,453
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	9,167	$	128,380	$	55,436	$	18,031	$	3,809	$	3,024	$	3,165	$	0	$	221,012
Multifamily (5 or more) residential properties
Risk rating
Pass	$	45,945	$	70,202	$	33,892	$	14,010	$	48,845	$	19,039	$	2,566	$	0	$	234,499
Special mention	0		0		0		0		0		0		0		0		0
Substandard	717		6		0		276		204		0		0		0		1,203
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	46,662	$	70,208	$	33,892	$	14,286	$	49,049	$	19,039	$	2,566	$	0	$	235,702
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	15,475	$	141,872	$	124,898	$	87,695	$	50,563	$	147,584	$	9,371	$	0	$	577,458
Special mention	3,727		91		754		1,201		3,660		1,668		450		0		11,551
Substandard	1,604		0		12,294		326		7,552		11,382		598		0		33,756
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	20,806	$	141,963	$	137,946	$	89,222	$	61,775	$	160,634	$	10,419	$	0	$	622,765

The following tables detail the amortized cost of loans, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2020. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	1,617	$	4,448	$	3,767	$	3,648	$	894	$	5,280	$	662	$	0	$	20,316
Special mention	1,156		0		0		0		0		0		0		0		1,156
Substandard	0		0		0		51		582		1,211		0		0		1,844
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	2,773	$	4,448	$	3,767	$	3,699	$	1,476	$	6,491	$	662	$	0	$	23,316
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	86,694	$	109,228	$	52,818	$	56,948	$	26,119	$	50,839	$	9,253	$	0	$	391,899
Special mention	0		452		74		541		318		1,310		131		0		2,826
Substandard	1,021		2,449		2,438		938		3,675		2,430		248		0		13,199
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	87,715	$	112,129	$	55,330	$	58,427	$	30,112	$	54,579	$	9,632	$	0	$	407,924
Agricultural production and other loans to farmers
Risk rating
Pass	$	267	$	155	$	601	$	0	$	54	$	0	$	1,587	$	0	$	2,664
Special mention	0		0		0		0		0		0		0		0		0
Substandard	0		0		0		0		0		0		0		0		0
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	267	$	155	$	601	$	0	$	54	$	0	$	1,587	$	0	$	2,664
Commercial and Industrial
Risk rating
Pass	$	318,323	$	54,620	$	46,854	$	32,426	$	7,197	$	7,265	$	170,386	$	0	$	637,071
Special mention	127		1,017		3,489		712		300		1,033		4,690		0		11,368
Substandard	801		1,916		1,212		112		37		4,858		6,175		0		15,111
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	319,251	$	57,553	$	51,555	$	33,250	$	7,534	$	13,156	$	181,251	$	0	$	663,550
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	10,722	$	12,279	$	35,176	$	20,891	$	19,365	$	24,789	$	8,888	$	0	$	132,110
Special mention	0		0		0		0		0		0		0		0		0
Substandard	708		0		0		0		0		0		0		0		708
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	11,430	$	12,279	$	35,176	$	20,891	$	19,365	$	24,789	$	8,888	$	0	$	132,818
Other loans
Risk rating
Pass	$	7,268	$	1,237	$	386	$	0	$	0	$	0	$	3,070	$	0	$	11,961
Special mention	0		0		0		0		0		0		0		0		0
Substandard	0		0		0		0		0		0		0		0		0
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	7,268	$	1,237	$	386	$	0	$	0	$	0	$	3,070	$	0	$	11,961


	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	119,380	$	52,078	$	19,977	$	2,300	$	28	$	1,895	$	2,548	$	0	$	198,206
Special mention	1,417		672		29		3,303		0		190		0		0		5,611
Substandard	0		0		0		0		0		1,840		77		0		1,917
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	120,797	$	52,750	$	20,006	$	5,603	$	28	$	3,925	$	2,625	$	0	$	205,734
Multifamily (5 or more) residential properties
Risk rating
Pass	$	73,572	$	39,633	$	26,230	$	49,178	$	4,086	$	16,957	$	1,907	$	0	$	211,563
Special mention	0		0		0		0		0		0		0		0		0
Substandard	6		753		288		205		0		0		0		0		1,252
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	73,578	$	40,386	$	26,518	$	49,383	$	4,086	$	16,957	$	1,907	$	0	$	212,815
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	161,045	$	127,518	$	89,520	$	55,966	$	44,959	$	105,962	$	9,633	$	0	$	594,603
Special mention	99		895		2,111		3,969		835		4,137		450		0		12,496
Substandard	0		12,325		326		7,584		722		12,289		600		0		33,846
Doubtful	0		0		0		0		0		0		0		0		0
Total	$	161,144	$	140,738	$	91,957	$	67,519	$	46,516	$	122,388	$	10,683	$	0	$	640,945

The Corporation considers the performance of the loan portfolio and its impact on the allowance for credit losses. For 1-4 family construction, home equity lines of credit, residential mortgages secured by first liens, residential mortgages secured by junior liens, automobile, credit cards, other revolving credit plans and other consumer segments, the Corporation evaluates credit quality based on the performance status the loan, which was previously presented, and by payment activity. Nonperforming loans include loans on nonaccrual status and loans past due over 89 days and still accruing interest.

The following tables detail the amortized cost of loans, by year of origination (for term loans) and by payment activity within each portfolio segment as of March 31, 2021. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	1,764	$	14,202	$	7,632	$	69	$	0	$	0	$	0	$	0	$	23,667
Nonperforming	0		0		0		0		0		0		0		0		0
Total	$	1,764	$	14,202	$	7,632	$	69	$	0	$	0	$	0	$	0	$	23,667
Home equity lines of credit
Payment performance
Performing	$	1,096	$	20,280	$	11,732	$	11,636	$	7,955	$	47,750	$	4,551	$	0	$	105,000
Nonperforming	0		0		0		0		399		355		0		0		754
Total	$	1,096	$	20,280	$	11,732	$	11,636	$	8,354	$	48,105	$	4,551	$	0	$	105,754
Residential mortgages secured by first lien
Payment performance
Performing	$	40,254	$	202,846	$	127,240	$	85,003	$	93,825	$	215,258	$	3,779	$	0	$	768,205
Nonperforming	0		156		83		51		212		2,796		61		0		3,359
Total	$	40,254	$	203,002	$	127,323	$	85,054	$	94,037	$	218,054	$	3,840	$	0	$	771,564
Residential mortgages secured by junior liens
Payment performance
Performing	$	3,303	$	14,238	$	11,113	$	6,337	$	5,118	$	12,403	$	402	$	0	$	52,914
Nonperforming	0		0		0		0		0		100		0		0		100
Total	$	3,303	$	14,238	$	11,113	$	6,337	$	5,118	$	12,503	$	402	$	0	$	53,014
Other revolving credit plans
Payment performance
Performing	$	2,305	$	3,262	$	4,424	$	3,461	$	2,953	$	9,544	$	0	$	0	$	25,949
Nonperforming	0		0		0		12		0		5		0		0		17
Total	$	2,305	$	3,262	$	4,424	$	3,473	$	2,953	$	9,549	$	0	$	0	$	25,966
Automobile
Payment performance
Performing	$	1,806	$	8,221	$	7,633	$	3,981	$	1,331	$	1,192	$	0	$	0	$	24,164
Nonperforming	0		0		0		0		5		2		0		0		7
Total	$	1,806	$	8,221	$	7,633	$	3,981	$	1,336	$	1,194	$	0	$	0	$	24,171
Other consumer
Payment performance
Performing	$	5,045	$	20,619	$	9,051	$	2,763	$	623	$	1,672	$	0	$	0	$	39,773
Nonperforming	0		82		147		46		4		68		0		0		347
Total	$	5,045	$	20,701	$	9,198	$	2,809	$	627	$	1,740	$	0	$	0	$	40,120

The following tables detail the amortized cost of loans, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2020. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	16,081	$	11,547	$	140	$	0	$	0	$	0	$	0	$	0	$	27,768
Nonperforming	0		0		0		0		0		0		0		0		0
Total	$	16,081	$	11,547	$	140	$	0	$	0	$	0	$	0	$	0	$	27,768
Home equity lines of credit
Payment performance
Performing	$	19,764	$	12,823	$	12,842	$	8,793	$	8,182	$	42,514	$	3,841	$	0	$	108,759
Nonperforming	0		0		0		302		33		350		0		0		685
Total	$	19,764	$	12,823	$	12,842	$	9,095	$	8,215	$	42,864	$	3,841	$	0	$	109,444
Residential mortgages secured by first lien
Payment performance
Performing	$	211,910	$	136,181	$	93,588	$	99,520	$	62,312	$	163,556	$	5,505	$	0	$	772,572
Nonperforming	0		84		887		143		61		3,261		22		0		4,458
Total	$	211,910	$	136,265	$	94,475	$	99,663	$	62,373	$	166,817	$	5,527	$	0	$	777,030
Residential mortgages secured by junior liens
Payment performance
Performing	$	14,552	$	12,255	$	7,031	$	5,660	$	3,347	$	10,389	$	378	$	0	$	53,612
Nonperforming	0		0		0		0		19		95		0		0		114
Total	$	14,552	$	12,255	$	7,031	$	5,660	$	3,366	$	10,484	$	378	$	0	$	53,726
Other revolving credit plans
Payment performance
Performing	$	4,088	$	4,516	$	3,320	$	3,149	$	1,301	$	9,127	$	0	$	0	$	25,501
Nonperforming	0		0		4		0		0		2		0		0		6
Total	$	4,088	$	4,516	$	3,324	$	3,149	$	1,301	$	9,129	$	0	$	0	$	25,507
Automobile
Payment performance
Performing	$	8,965	$	8,595	$	4,652	$	1,635	$	764	$	701	$	0	$	0	$	25,312
Nonperforming	0		4		0		6		0		22		0		0		32
Total	$	8,965	$	8,599	$	4,652	$	1,641	$	764	$	723	$	0	$	0	$	25,344
Other consumer
Payment performance
Performing	$	24,857	$	11,183	$	3,579	$	796	$	218	$	1,655	$	0	$	0	$	42,288
Nonperforming	82		264		75		13		0		70		0		0		504
Total	$	24,939	$	11,447	$	3,654	$	809	$	218	$	1,725	$	0	$	0	$	42,792


	March 31, 2021		December 31, 2020
	Consumer		Consumer
Credit card
Payment performance
Performing	$	7,848	$	8,081
Nonperforming	27		34
Total	$	7,875	$	8,115

Purchased Credit Deteriorated Loans

The Corporation has purchased loans, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows:


	July 17, 2020
Purchase price of loans at acquisition	$	21,768
Allowance for credit losses at acquisition	980
Non-credit discount / (premium) at acquisition	1,063
Par value of acquired loans at acquisition	$	23,811

The Corporation’s portfolio of residential real estate and consumer loans maintained within Holiday Financial Services Corporation (“Holiday”) are considered to be subprime loans. Holiday is a subsidiary that offers small balance unsecured and secured loans, primarily collateralized by automobiles and equipment, to borrowers with higher risk characteristics than are typical in the Bank’s consumer loan portfolio.

Holiday’s loan portfolio, included in consumer loans above, is summarized as follows at March 31, 2021 and December 31, 2020:


	March 31, 2021		December 31, 2020
Gross consumer loans	$	25,999	$	27,998

Less: unearned discounts	(4,753)		(5,181)
Total consumer loans, net of unearned discounts	$	21,246	$	22,817