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LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2023

Total net loans receivable at June 30, 2023 and December 31, 2022 are summarized as follows:


	June 30, 2023		Percentage of Total		December 31, 2022		Percentage of Total
Farmland	$	33,774	0.8	%	$	32,168	0.8	%
Owner-occupied, nonfarm nonresidential properties	490,728		11.0		468,493		11.0
Agricultural production and other loans to farmers	1,135		—		1,198		—
Commercial and Industrial	778,704		17.4		791,911		18.5
Obligations (other than securities and leases) of states and political subdivisions	154,834		3.5		145,345		3.4
Other loans	30,749		0.7		24,710		0.6
Other construction loans and all land development and other land loans	451,043		10.1		446,685		10.5
Multifamily (5 or more) residential properties	276,829		6.2		257,696		6.0
Non-owner occupied, nonfarm nonresidential properties	881,550		19.7		795,315		18.6
1-4 Family Construction	59,735		1.3		51,171		1.2
Home equity lines of credit	121,813		2.7		124,892		2.9
Residential Mortgages secured by first liens	967,807		21.7		942,531		22.0
Residential Mortgages secured by junior liens	87,985		2.0		74,638		1.7
Other revolving credit plans	41,774		0.9		36,372		0.9
Automobile	26,753		0.6		21,806		0.5
Other consumer	47,760		1.1		49,144		1.1
Credit cards	11,640		0.3		10,825		0.3
Overdrafts	221		—		278		—
Total loans receivable	$	4,464,834	100.0	%	$	4,275,178	100.0	%
Less: Allowance for credit losses	(45,541)				(43,436)
Loans receivable, net	$	4,419,293			$	4,231,742

Net deferred loan origination fees included in the above table	$	3,432			$	4,463

Schedule of Allowance for Loan Losses

Transactions in the allowance for credit losses for the three months ended June 30, 2023 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	129	$	—	$	—	$	11	$	140
Owner-occupied, nonfarm nonresidential properties	2,546		—		7		598		3,151
Agricultural production and other loans to farmers	3		—		—		2		5
Commercial and Industrial	8,943		—		—		(284)		8,659
Obligations (other than securities and leases) of states and political subdivisions	1,848		—		—		458		2,306
Other loans	594		—		—		139		733
Other construction loans and all land development and other land loans	3,394		—		—		197		3,591
Multifamily (5 or more) residential properties	2,535		—		2		(924)		1,613
Non-owner occupied, nonfarm nonresidential properties	8,259		(248)		—		966		8,977
1-4 Family Construction	398		—		—		10		408
Home equity lines of credit	1,158		—		2		(191)		969
Residential Mortgages secured by first liens	8,851		—		3		396		9,250
Residential Mortgages secured by junior liens	1,275		—		—		303		1,578
Other revolving credit plans	830		(36)		12		125		931
Automobile	330		(5)		—		51		376
Other consumer	2,561		(442)		31		411		2,561
Credit cards	73		(18)		6		11		72
Overdrafts	254		(138)		35		70		221
Total	$	43,981	$	(887)	$	98	$	2,349	$	45,541

(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "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 six months ended June 30, 2023 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	159	$	—	$	—	$	(19)	$	140
Owner-occupied, nonfarm nonresidential properties	2,905		(26)		15		257		3,151
Agricultural production and other loans to farmers	6		—		—		(1)		5
Commercial and Industrial	9,766		(46)		145		(1,206)		8,659
Obligations (other than securities and leases) of states and political subdivisions	1,863		—		—		443		2,306
Other loans	456		—		—		277		733
Other construction loans and all land development and other land loans	3,253		—		—		338		3,591
Multifamily (5 or more) residential properties	2,353		(65)		2		(677)		1,613
Non-owner occupied, nonfarm nonresidential properties	7,653		(248)		—		1,572		8,977
1-4 Family Construction	327		—		—		81		408
Home equity lines of credit	1,173		—		3		(207)		969
Residential Mortgages secured by first liens	8,484		(7)		3		770		9,250
Residential Mortgages secured by junior liens	1,035		—		—		543		1,578
Other revolving credit plans	722		(58)		17		250		931
Automobile	271		(10)		—		115		376
Other consumer	2,665		(982)		74		804		2,561
Credit cards	67		(80)		7		78		72
Overdrafts	278		(298)		79		162		221
Total	$	43,436	$	(1,820)	$	345	$	3,580	$	45,541

Transactions in the allowance for credit losses for the three months ended June 30, 2022 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	186	$	—	$	—	$	5	$	191
Owner-occupied, nonfarm nonresidential properties	3,595		—		2		117		3,714
Agricultural production and other loans to farmers	10		—		—		(3)		7
Commercial and Industrial	9,090		(14)		13		466		9,555
Obligations (other than securities and leases) of states and political subdivisions	1,828		—		—		(163)		1,665
Other loans	143		—		—		24		167
Other construction loans and all land development and other land loans	2,050		—		—		278		2,328
Multifamily (5 or more) residential properties	2,236		—		—		41		2,277
Non-owner occupied, nonfarm nonresidential properties	6,411		—		—		337		6,748
1-4 Family Construction	210		—		—		26		236
Home equity lines of credit	1,181		—		2		170		1,353
Residential Mortgages secured by first liens	6,905		—		—		759		7,664
Residential Mortgages secured by junior liens	552		—		—		76		628
Other revolving credit plans	547		(19)		28		42		598
Automobile	254		(6)		—		(6)		242
Other consumer	2,569		(369)		19		485		2,704
Credit cards	103		(45)		4		48		110
Overdrafts	247		(127)		33		203		356
Total loans	$	38,117	$	(580)	$	101	$	2,905	$	40,543

Transactions in the allowance for credit losses for the six months ended June 30, 2022 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	151	$	—	$	—	$	40	$	191
Owner-occupied, nonfarm nonresidential properties	3,339		(21)		9		387		3,714
Agricultural production and other loans to farmers	9		—		—		(2)		7
Commercial and Industrial	8,837		(85)		91		712		9,555
Obligations (other than securities and leases) of states and political subdivisions	1,649		—		—		16		1,665
Other loans	149		—		—		18		167
Other construction loans and all land development and other land loans	2,198		—		—		130		2,328
Multifamily (5 or more) residential properties	2,289		—		—		(12)		2,277
Non-owner occupied, nonfarm nonresidential properties	6,481		—		—		267		6,748
1-4 Family Construction	158		—		—		78		236
Home equity lines of credit	1,169		—		10		174		1,353
Residential Mortgages secured by first liens	6,943		(47)		12		756		7,664
Residential Mortgages secured by junior liens	546		—		—		82		628
Other revolving credit plans	528		(45)		34		81		598
Automobile	263		(13)		—		(8)		242
Other consumer	2,546		(770)		41		887		2,704
Credit cards	92		(59)		8		69		110
Overdrafts	241		(246)		74		287		356
Total loans	$	37,588	$	(1,286)	$	279	$	3,962	$	40,543

Schedule of Nonaccrual Loans and Loans Receivable Past Due over 90 Days Still Accruing Interest by Class of Loans

The following tables presents the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of June 30, 2023 and December 31, 2022, respectively:


	June 30, 2023
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	996	$	996	$	1,104
Owner-occupied, nonfarm nonresidential properties	2,338		1,795		—

Commercial and Industrial	5,058		2,057		—


Other construction loans and all land development and other land loans	2,085		536		—
Multifamily (5 or more) residential properties	310		310		—
Non-owner occupied, nonfarm nonresidential properties	4,422		1,004		—

Home equity lines of credit	499		499		—
Residential Mortgages secured by first liens	4,699		4,271		146
Residential Mortgages secured by junior liens	94		94		—
Other revolving credit plans	49		49		49
Automobile	17		17		—
Other consumer	609		609		—
Credit cards	—		—		74

Total	$	21,176	$	12,237	$	1,373


	December 31, 2022
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	1,011	$	1,011	$	994
Owner-occupied, nonfarm nonresidential properties	2,055		1,987		—

Commercial and Industrial	5,485		2,366		71


Other construction loans and all land development and other land loans	567		567		—
Multifamily (5 or more) residential properties	1,066		423		—
Non-owner occupied, nonfarm nonresidential properties	5,081		2,665		—

Home equity lines of credit	475		475		—
Residential Mortgages secured by first liens	4,329		3,882		48
Residential Mortgages secured by junior liens	91		91		—
Other revolving credit plans	26		26		—
Automobile	19		19		—
Other consumer	781		781		—
Credit cards	—		—		8

Total	$	20,986	$	14,293	$	1,121

Schedule of Aging of Recorded Investment in Past Due Loans

The following table presents the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of June 30, 2023:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	829	$	—
Owner-occupied, nonfarm nonresidential properties	1,038		4

Commercial and Industrial	—		1,757


Other construction loans and all land development and other land loans	2,020		—
Multifamily (5 or more) residential properties	310		—
Non-owner occupied, nonfarm nonresidential properties	3,278		—

Home equity lines of credit	323		—
Residential Mortgages secured by first liens	1,102		—






Total	$	8,900	$	1,761

The following table presents the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of December 31, 2022:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	829	$	—
Owner-occupied, nonfarm nonresidential properties	1,296		4

Commercial and Industrial	—		1,904


Other construction loans and all land development and other land loans	501		—
Multifamily (5 or more) residential properties	1,066		—
Non-owner occupied, nonfarm nonresidential properties	5,874		—

Home equity lines of credit	335		—
Residential Mortgages secured by first liens	1,150		—






Total	$	11,051	$	1,908

The following table presents the aging of the amortized cost basis in past-due loans receivable as of June 30, 2023 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Receivable Not Past Due		Total
Farmland	$	—	$	183	$	1,233	$	1,416	$	32,358	$	33,774
Owner-occupied, nonfarm nonresidential properties	—		—		417		417		490,311		490,728
Agricultural production and other loans to farmers	—		—		—		—		1,135		1,135
Commercial and Industrial	470		94		292		856		777,848		778,704
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		154,834		154,834
Other loans	—		—		—		—		30,749		30,749
Other construction loans and all land development and other land loans	59		—		1,614		1,673		449,370		451,043
Multifamily (5 or more) residential properties	—		—		—		—		276,829		276,829
Non-owner occupied, nonfarm nonresidential properties	221		88		1,181		1,490		880,060		881,550
1-4 Family Construction	324		—		—		324		59,411		59,735
Home equity lines of credit	305		445		10		760		121,053		121,813
Residential Mortgages secured by first liens	1,382		1,351		1,806		4,539		963,268		967,807
Residential Mortgages secured by junior liens	63		—		51		114		87,871		87,985
Other revolving credit plans	41		23		67		131		41,643		41,774
Automobile	56		2		1		59		26,694		26,753
Other consumer	354		213		271		838		46,922		47,760
Credit cards	33		36		74		143		11,497		11,640
Overdrafts	—		—		—		—		221		221
Total	$	3,308	$	2,435	$	7,017	$	12,760	$	4,452,074	$	4,464,834

The following table presents the aging of the amortized cost basis in past-due loans receivable as of December 31, 2022 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Receivable Not Past Due		Total
Farmland	$	—	$	—	$	1,136	$	1,136	$	31,032	$	32,168
Owner-occupied, nonfarm nonresidential properties	185		27		734		946		467,547		468,493
Agricultural production and other loans to farmers	—		—		—		—		1,198		1,198
Commercial and Industrial	246		93		611		950		790,961		791,911
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		145,345		145,345
Other loans	—		—		—		—		24,710		24,710
Other construction loans and all land development and other land loans	1,522		—		501		2,023		444,662		446,685
Multifamily (5 or more) residential properties	706		—		90		796		256,900		257,696
Non-owner occupied, nonfarm nonresidential properties	113		60		879		1,052		794,263		795,315
1-4 Family Construction	—		—		—		—		51,171		51,171
Home equity lines of credit	203		10		49		262		124,630		124,892
Residential Mortgages secured by first liens	1,302		538		1,775		3,615		938,916		942,531
Residential Mortgages secured by junior liens	5		—		51		56		74,582		74,638
Other revolving credit plans	65		27		—		92		36,280		36,372
Automobile	36		—		—		36		21,770		21,806
Other consumer	361		188		473		1,022		48,122		49,144
Credit cards	196		18		8		222		10,603		10,825
Overdrafts	—		—		—		—		278		278
Total	$	4,940	$	961	$	6,307	$	12,208	$	4,262,970	$	4,275,178

Schedule of Restructured in Troubled Debt

The following table presents the amortized cost basis of loans at June 30, 2023 that were both experiencing financial difficulty and modified during the six months ended June 30, 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension		Total Class of Financing Receivable

Owner-occupied, nonfarm nonresidential properties	$	—	$	6,246	$	—	$	—	$	—	1.3	%

Commercial and Industrial	—		7,987		583		352		117		1.2


Other construction loans and all land development and other land loans	—		1,549		—		—		—		0.3

Non-owner occupied, nonfarm nonresidential properties	—		—		1,523		—		—		0.2









Total	$	—	$	15,782	$	2,106	$	352	$	117	0.4	%

The following table presents the performance of such loans that have been modified during the six months ended June 30, 2023:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due






Other construction loans and all land development and other land loans	$	—	$	—	$	1,549	$	1,549











Total	$	—	$	—	$	1,549	$	1,549

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the six months ended June 30, 2023:


	Principal Forgiveness		Term Extension (in years)	Interest Rate Reduction



Commercial and Industrial	$	—	0.97	0.5	%




Non-owner occupied, nonfarm nonresidential properties	—		0.50	—









Total	$	—	0.65	0.5	%

There were no loans modified as TDRs during the three months ended June 30, 2022.

There was one loan modified as a TDR during the six months ended June 30, 2022:


	Six Months Ended June 30, 2022
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Type of Modification








Non-owner occupied, nonfarm nonresidential properties	1	$	1,784	$	1,784	Modify Rate and Extend Amortization









Total loans	1	$	1,784	$	1,784

Schedule of Credit Risk Profile by Risk Rating

The following tables represent the Corporation's commercial credit risk profile by risk rating. Loans receivable not rated as special mention, substandard, or doubtful are considered to be pass rated loans.


	June 30, 2023
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	32,595	$	183	$	996	$	—	$	1,179	$	33,774
Owner-occupied, nonfarm nonresidential properties	451,854		26,622		12,252		—		38,874		490,728
Agricultural production and other loans to farmers	1,135		—		—		—		—		1,135
Commercial and Industrial	731,135		31,257		15,063		1,249		47,569		778,704
Obligations (other than securities and leases) of states and political subdivisions	141,355		13,479		—		—		13,479		154,834
Other loans	30,749		—		—		—		—		30,749
Other construction loans and all land development and other land loans	444,962		3,997		2,084		—		6,081		451,043
Multifamily (5 or more) residential properties	276,019		—		810		—		810		276,829
Non-owner occupied, nonfarm nonresidential properties	854,144		8,407		18,999		—		27,406		881,550









Total	$	2,963,948	$	83,945	$	50,204	$	1,249	$	135,398	$	3,099,346


	December 31, 2022
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	29,706	$	1,450	$	1,012	$	—	$	2,462	$	32,168
Owner-occupied, nonfarm nonresidential properties	433,467		27,796		7,230		—		35,026		468,493
Agricultural production and other loans to farmers	1,198		—		—		—		—		1,198
Commercial and Industrial	765,821		14,740		10,037		1,313		26,090		791,911
Obligations (other than securities and leases) of states and political subdivisions	145,345		—		—		—		—		145,345
Other loans	24,710		—		—		—		—		24,710
Other construction loans and all land development and other land loans	443,300		1,296		2,089		—		3,385		446,685
Multifamily (5 or more) residential properties	256,120		510		1,066		—		1,576		257,696
Non-owner occupied, nonfarm nonresidential properties	772,450		2,791		20,074		—		22,865		795,315









Total	$	2,872,117	$	48,583	$	41,508	$	1,313	$	91,404	$	2,963,521

Schedule of Amortized Cost of Loans, by Year of Origination

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of June 30, 2023. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	3,218	$	11,779	$	7,412	$	1,483	$	854	$	7,461	$	388	$	—	$	32,595
Special mention	—		—		—		—		—		183		—		—		183
Substandard	—		—		347		—		—		649		—		—		996

Total	$	3,218	$	11,779	$	7,759	$	1,483	$	854	$	8,293	$	388	$	—	$	33,774
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	43,048	$	118,086	$	109,495	$	46,069	$	47,666	$	76,144	$	11,346	$	—	$	451,854
Special mention	119		3,441		696		13,617		855		4,703		3,191		—		26,622
Substandard	—		—		—		324		6,973		4,781		174		—		12,252

Total	$	43,167	$	121,527	$	110,191	$	60,010	$	55,494	$	85,628	$	14,711	$	—	$	490,728
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	26	$	—	$	—	$	26

Agricultural production and other loans to farmers
Risk rating
Pass	$	70	$	45	$	117	$	71	$	21	$	173	$	638	$	—	$	1,135
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	70	$	45	$	117	$	71	$	21	$	173	$	638	$	—	$	1,135
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	49,964	$	153,927	$	187,433	$	44,128	$	9,569	$	22,036	$	264,078	$	—	$	731,135
Special mention	—		7,505		3,223		6,362		355		31		13,781		—		31,257
Substandard	—		202		2,888		638		3,457		2,467		5,411		—		15,063
Doubtful(1)	—		—		1,249		—		—		—		—		—		1,249
Total	$	49,964	$	161,634	$	194,793	$	51,128	$	13,381	$	24,534	$	283,270	$	—	$	778,704
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	46	$	—	$	46

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	23,256	$	17,439	$	32,420	$	12,706	$	4,335	$	46,822	$	4,377	$	—	$	141,355
Special mention	—		—		—		—		—		13,479		—		—		13,479
Substandard	—		—		—		—		—		—		—		—		—

Total	$	23,256	$	17,439	$	32,420	$	12,706	$	4,335	$	60,301	$	4,377	$	—	$	154,834
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	250	$	12,105	$	5,324	$	2,041	$	324	$	—	$	10,705	$	—	$	30,749
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	250	$	12,105	$	5,324	$	2,041	$	324	$	—	$	10,705	$	—	$	30,749
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

(1) Consists of one loan relationship originated in 2015 and modified in 2021. The modification met the requirements to disclose the loan relationship as a new loan during 2021.


	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		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	$	39,127	$	261,801	$	93,433	$	34,554	$	6,558	$	1,508	$	7,981	$	—	$	444,962
Special mention	—		3,997		—		—		—		—		—		—		3,997
Substandard	—		—		471		—		1,549		—		64		—		2,084

Total	$	39,127	$	265,798	$	93,904	$	34,554	$	8,107	$	1,508	$	8,045	$	—	$	451,043
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	35,483	$	108,450	$	44,349	$	45,547	$	11,388	$	29,855	$	947	$	—	$	276,019
Special mention	—		—		—		—		—		—		—		—		—
Substandard	310		—		—		—		—		500		—		—		810

Total	$	35,793	$	108,450	$	44,349	$	45,547	$	11,388	$	30,355	$	947	$	—	$	276,829
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	65	$	—	$	—	$	65

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	139,785	$	324,695	$	153,944	$	39,537	$	56,914	$	132,195	$	7,074	$	—	$	854,144
Special mention	—		379		—		6,462		157		970		439		—		8,407
Substandard	—		1,407		1,275		—		3,980		10,605		1,732		—		18,999

Total	$	139,785	$	326,481	$	155,219	$	45,999	$	61,051	$	143,770	$	9,245	$	—	$	881,550
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	248	$	—	$	248

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2022. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	12,321	$	7,635	$	1,536	$	871	$	3,277	$	3,523	$	543	$	—	$	29,706
Special mention	—		—		—		—		—		1,450		—		—		1,450
Substandard	—		347		—		—		142		523		—		—		1,012

Total	$	12,321	$	7,982	$	1,536	$	871	$	3,419	$	5,496	$	543	$	—	$	32,168
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	116,701	$	113,575	$	50,226	$	55,040	$	25,327	$	60,810	$	11,788	$	—	$	433,467
Special mention	3,402		—		15,613		872		4,097		814		2,998		—		27,796
Substandard	—		—		355		1,864		862		4,149		—		—		7,230

Total	$	120,103	$	113,575	$	66,194	$	57,776	$	30,286	$	65,773	$	14,786	$	—	$	468,493
Agricultural production and other loans to farmers
Risk rating
Pass	$	105	$	140	$	80	$	42	$	179	$	—	$	652	$	—	$	1,198
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	105	$	140	$	80	$	42	$	179	$	—	$	652	$	—	$	1,198
Commercial and Industrial
Risk rating
Pass	$	195,955	$	213,433	$	51,695	$	16,730	$	9,051	$	19,116	$	259,841	$	—	$	765,821
Special mention	241		—		6,691		273		81		45		7,409		—		14,740
Substandard	299		1,809		689		379		324		913		5,624		—		10,037
Doubtful(1)	—		1,313		—		—		—		—		—		—		1,313
Total	$	196,495	$	216,555	$	59,075	$	17,382	$	9,456	$	20,074	$	272,874	$	—	$	791,911
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	20,840	$	37,527	$	13,868	$	4,584	$	13,518	$	50,050	$	4,958	$	—	$	145,345
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	20,840	$	37,527	$	13,868	$	4,584	$	13,518	$	50,050	$	4,958	$	—	$	145,345
Other loans
Risk rating
Pass	$	14,248	$	5,358	$	2,278	$	363	$	—	$	—	$	2,463	$	—	$	24,710
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	14,248	$	5,358	$	2,278	$	363	$	—	$	—	$	2,463	$	—	$	24,710

(1) Consists of one loan relationship originated in 2015 and modified in 2021. The modification met the requirements to disclose the loan relationship as a new loan during 2021.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		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	$	272,118	$	86,894	$	56,782	$	6,918	$	8,644	$	916	$	11,028	$	—	$	443,300
Special mention	1,296		—		—		—		—		—		—		—		1,296
Substandard	—		2,023		—		—		—		—		66		—		2,089

Total	$	273,414	$	88,917	$	56,782	$	6,918	$	8,644	$	916	$	11,094	$	—	$	446,685
Multifamily (5 or more) residential properties
Risk rating
Pass	$	114,454	$	49,794	$	46,784	$	11,854	$	6,764	$	23,841	$	2,629	$	—	$	256,120
Special mention	—		—		—		—		—		510		—		—		510
Substandard	643		—		—		—		333		90		—		—		1,066

Total	$	115,097	$	49,794	$	46,784	$	11,854	$	7,097	$	24,441	$	2,629	$	—	$	257,696
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	339,151	$	153,613	$	51,709	$	66,592	$	45,211	$	107,988	$	8,186	$	—	$	772,450
Special mention	—		488		—		273		498		1,068		464		—		2,791
Substandard	2,227		800		—		4,090		1,314		9,587		2,056		—		20,074

Total	$	341,378	$	154,901	$	51,709	$	70,955	$	47,023	$	118,643	$	10,706	$	—	$	795,315

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of June 30, 2023. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	10,688	$	34,230	$	10,657	$	2,583	$	719	$	60	$	798	$	—	$	59,735
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	10,688	$	34,230	$	10,657	$	2,583	$	719	$	60	$	798	$	—	$	59,735
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	10,055	$	33,034	$	13,182	$	10,413	$	7,472	$	35,167	$	6,932	$	5,059	$	121,314
Nonperforming	—		—		—		—		—		15		—		484		499
Total	$	10,055	$	33,034	$	13,182	$	10,413	$	7,472	$	35,182	$	6,932	$	5,543	$	121,813
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential mortgages secured by first lien
Payment performance
Performing	$	74,701	$	225,421	$	211,770	$	152,625	$	85,141	$	210,359	$	2,945	$	—	$	962,962
Nonperforming	66		97		1,003		272		549		2,703		155		—		4,845
Total	$	74,767	$	225,518	$	212,773	$	152,897	$	85,690	$	213,062	$	3,100	$	—	$	967,807
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	—	$	7

Residential mortgages secured by junior liens
Payment performance
Performing	$	19,220	$	29,462	$	15,631	$	7,683	$	4,325	$	10,073	$	1,497	$	—	$	87,891
Nonperforming	—		—		—		—		—		50		44		—		94
Total	$	19,220	$	29,462	$	15,631	$	7,683	$	4,325	$	10,123	$	1,541	$	—	$	87,985
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	7,402	$	9,693	$	2,794	$	7,627	$	1,813	$	12,347	$	—	$	—	$	41,676
Nonperforming	—		—		10		—		13		75		—		—		98
Total	$	7,402	$	9,693	$	2,804	$	7,627	$	1,826	$	12,422	$	—	$	—	$	41,774
Current period gross write offs	$	—	$	—	$	40	$	—	$	—	$	18	$	—	$	—	$	58

Automobile
Payment performance
Performing	$	9,891	$	8,482	$	3,587	$	2,076	$	1,637	$	1,063	$	—	$	—	$	26,736
Nonperforming	—		—		—		8		9		—		—		—		17
Total	$	9,891	$	8,482	$	3,587	$	2,084	$	1,646	$	1,063	$	—	$	—	$	26,753
Current period gross write offs	$	—	$	5	$	—	$	—	$	5	$	—	$	—	$	—	$	10

Other consumer
Payment performance
Performing	$	13,160	$	18,503	$	8,114	$	3,932	$	1,759	$	1,683	$	—	$	—	$	47,151
Nonperforming	13		444		87		14		5		46		—		—		609
Total	$	13,173	$	18,947	$	8,201	$	3,946	$	1,764	$	1,729	$	—	$	—	$	47,760
Current period gross write offs	$	2	$	571	$	303	$	73	$	23	$	10	$	—	$	—	$	982

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2022. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	30,451	$	16,360	$	2,577	$	752	$	62	$	—	$	969	$	—	$	51,171
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	30,451	$	16,360	$	2,577	$	752	$	62	$	—	$	969	$	—	$	51,171
Home equity lines of credit
Payment performance
Performing	$	34,738	$	13,654	$	12,903	$	8,587	$	7,924	$	38,127	$	8,484	$	—	$	124,417
Nonperforming	—		—		—		10		—		465		—		—		475
Total	$	34,738	$	13,654	$	12,903	$	8,597	$	7,924	$	38,592	$	8,484	$	—	$	124,892
Residential mortgages secured by first lien
Payment performance
Performing	$	229,842	$	222,522	$	159,651	$	91,238	$	49,587	$	181,939	$	3,375	$	—	$	938,154
Nonperforming	—		771		273		581		416		2,150		186		—		4,377
Total	$	229,842	$	223,293	$	159,924	$	91,819	$	50,003	$	184,089	$	3,561	$	—	$	942,531
Residential mortgages secured by junior liens
Payment performance
Performing	$	31,837	$	17,163	$	8,326	$	4,956	$	3,073	$	8,395	$	797	$	—	$	74,547
Nonperforming	—		—		—		—		—		47		44		—		91
Total	$	31,837	$	17,163	$	8,326	$	4,956	$	3,073	$	8,442	$	841	$	—	$	74,638
Other revolving credit plans
Payment performance
Performing	$	10,778	$	2,820	$	7,911	$	2,264	$	2,265	$	10,308	$	—	$	—	$	36,346
Nonperforming	—		—		—		4		14		8		—		—		26
Total	$	10,778	$	2,820	$	7,911	$	2,268	$	2,279	$	10,316	$	—	$	—	$	36,372
Automobile
Payment performance
Performing	$	10,146	$	4,637	$	2,945	$	2,349	$	1,117	$	593	$	—	$	—	$	21,787
Nonperforming	—		—		10		7		2		—		—		—		19
Total	$	10,146	$	4,637	$	2,955	$	2,356	$	1,119	$	593	$	—	$	—	$	21,806
Other consumer
Payment performance
Performing	$	26,699	$	12,120	$	5,333	$	2,176	$	776	$	1,259	$	—	$	—	$	48,363
Nonperforming	403		220		85		22		6		45		—		—		781
Total	$	27,102	$	12,340	$	5,418	$	2,198	$	782	$	1,304	$	—	$	—	$	49,144


	June 30, 2023		December 31, 2022

Credit card
Payment performance
Performing	$	11,566	$	10,817
Nonperforming	74		8
Total	$	11,640	$	10,825
Current period gross write offs	$	80

Schedule of Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity

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 of the loan, which was previously presented, and by payment activity. Nonperforming loans include loans receivable on nonaccrual status and loans receivable past due over 89 days and still accruing interest.


	June 30, 2023						December 31, 2022
	Performing		Nonperforming		Total		Performing		Nonperforming		Total









1-4 Family Construction	$	59,735	$	—	$	59,735	$	51,171	$	—	$	51,171
Home equity lines of credit	121,314		499		121,813		124,417		475		124,892
Residential Mortgages secured by first liens	962,962		4,845		967,807		938,154		4,377		942,531
Residential Mortgages secured by junior liens	87,891		94		87,985		74,547		91		74,638
Other revolving credit plans	41,676		98		41,774		36,346		26		36,372
Automobile	26,736		17		26,753		21,787		19		21,806
Other consumer	47,151		609		47,760		48,363		781		49,144


Total	$	1,347,465	$	6,162	$	1,353,627	$	1,294,785	$	5,769	$	1,300,554

Schedule of Holiday's Loan Portfolio Included in Consumer and Residential Loans

Holiday’s loan portfolio, included in other consumer loans above, is summarized as follows at June 30, 2023 and December 31, 2022:


	June 30, 2023		December 31, 2022
Gross other consumer	$	30,471	$	31,821
Less: other consumer unearned discounts	(5,636)		(5,972)
Total other consumer loans, net of unearned discounts	$	24,835	$	25,849