OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Off-Balance Sheet Risks

The Corporation's maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of March 31, 2022 and December 31, 2021 were as follows:

	March 31, 2022				December 31, 2021
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to make loans	$	88,515	$	398,927	$	94,924	$	323,013
Unused lines of credit	24,222		688,489		13,265		663,903
Standby letters of credit	15,267		1,621		15,063		1,623

Allowance For Credit Losses

Transactions in the allowance for credit losses for the three months ended March 31, 2022 were as follows:

	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans (1)		Ending Allowance
Farmland	$	151	$	0	$	0	$	35	$	186
Owner-occupied, nonfarm nonresidential properties	3,339		(21)		7		270		3,595
Agricultural production and other loans to farmers	9		0		0		1		10
Commercial and Industrial	8,837		(71)		78		246		9,090
Obligations (other than securities and leases) of states and political subdivisions	1,649		0		0		179		1,828
Other loans	149		0		0		(6)		143
Other construction loans and all land development and other land loans	2,198		0		0		(148)		2,050
Multifamily (5 or more) residential properties	2,289		0		0		(53)		2,236
Non-owner occupied, nonfarm nonresidential properties	6,481		0		0		(70)		6,411
1-4 Family Construction	158		0		0		52		210
Home equity lines of credit	1,169		0		8		4		1,181
Residential Mortgages secured by first liens	6,943		(47)		12		(3)		6,905
Residential Mortgages secured by junior liens	546		0		0		6		552
Other revolving credit plans	528		(26)		6		39		547
Automobile	263		(7)		0		(2)		254
Other consumer	2,546		(401)		22		402		2,569
Credit cards	92		(14)		4		21		103
Overdrafts	241		(119)		41		84		247
Total loans	$	37,588	$	(706)	$	178	$	1,057	$	38,117

(1) Excludes provision for credit losses related to unfunded commitments. Note 8, "Off-Balance Sheet Commitments and Contingencies," in the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

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 Losses on Loans (1)		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

(1) Excludes provision for credit losses related to unfunded commitments. Note 8, "Off-Balance Sheet Commitments and Contingencies," in the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

The following table presents activity in the allowance for credit losses on unfunded loan commitments for the three months ended Mach 31, 2022 and 2021, respectively:

	Three Months Ended
	March 31,
	2022		2021
Beginning balance	$	0	$	0
Provision for credit losses on unfunded loan commitments (1)	586		0
Ending balance	$	586	$	0

(1) Excludes provision for credit losses related to the loan portfolio.