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LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2024

Total net loans receivable at September 30, 2024 and December 31, 2023 are summarized as follows:


	September 30, 2024		Percentage of Total		December 31, 2023 (1)		Percentage of Total
Farmland	$	31,820	0.7	%	$	33,485	0.8	%
Owner-occupied, nonfarm nonresidential properties	531,499		11.6		511,910		11.5
Agricultural production and other loans to farmers	1,733		—		1,652		—
Commercial and Industrial	719,441		15.7		726,442		16.3
Obligations (other than securities and leases) of states and political subdivisions	142,423		3.1		152,201		3.4
Other loans	26,132		0.6		25,507		0.6
Other construction loans and all land development and other land loans	288,628		6.3		340,358		7.6
Multifamily (5 or more) residential properties	408,469		8.9		305,697		6.8
Non-owner occupied, nonfarm nonresidential properties	1,016,001		22.1		984,033		22.0
1-4 Family Construction	24,599		0.5		28,055		0.6
Home equity lines of credit	157,797		3.4		130,700		2.9
Residential Mortgages secured by first liens	1,012,020		22.0		1,005,335		22.5
Residential Mortgages secured by junior liens	100,013		2.2		91,240		2.0
Other revolving credit plans	41,630		0.9		42,877		1.0
Automobile	22,280		0.5		25,315		0.6
Other consumer	53,556		1.2		51,592		1.1
Credit cards	13,574		0.3		11,785		0.3
Overdrafts	293		—		292		—
Total loans receivable	$	4,591,908	100.0	%	$	4,468,476	100.0	%
Less: Allowance for credit losses	(46,644)				(45,832)
Loans receivable, net	$	4,545,264			$	4,422,644

Net deferred loan origination fees included in the above table	$	491			$	2,448

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the total loans disclosure at December 31, 2023 to reflect adjustments for the applicable portfolio segments, which revisions are reflected in the above table.

Schedule of Allowance for Loan Losses

Transactions in the allowance for credit losses for the three months ended September 30, 2024 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	154	$	—	$	—	$	8	$	162
Owner-occupied, nonfarm nonresidential properties	5,000		—		28		194		5,222
Agricultural production and other loans to farmers	8		—		—		(1)		7
Commercial and Industrial	7,113		(596)		8		637		7,162
Obligations (other than securities and leases) of states and political subdivisions	2,554		—		—		(1,057)		1,497
Other loans	403		—		—		(97)		306
Other construction loans and all land development and other land loans	3,114		—		—		(456)		2,658
Multifamily (5 or more) residential properties	1,410		—		—		465		1,875
Non-owner occupied, nonfarm nonresidential properties	9,718		—		20		1,775		11,513
1-4 Family Construction	147		—		—		42		189
Home equity lines of credit	1,035		—		1		(54)		982
Residential Mortgages secured by first liens	8,934		(14)		—		213		9,133
Residential Mortgages secured by junior liens	1,598		—		—		(233)		1,365
Other revolving credit plans	934		(18)		2		42		960
Automobile	287		(29)		2		38		298
Other consumer	2,802		(519)		105		517		2,905
Credit cards	103		(86)		6		94		117
Overdrafts	218		(150)		20		205		293
Total loans	$	45,532	$	(1,412)	$	192	$	2,332	$	46,644

(1) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," to 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 nine months ended September 30, 2024 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	138	$	—	$	—	$	24	$	162
Owner-occupied, nonfarm nonresidential properties	4,131		(699)		45		1,745		5,222
Agricultural production and other loans to farmers	7		—		—		—		7
Commercial and Industrial	9,500		(2,360)		56		(34)		7,162
Obligations (other than securities and leases) of states and political subdivisions	2,627		—		—		(1,130)		1,497
Other loans	389		—		—		(83)		306
Other construction loans and all land development and other land loans	2,830		—		—		(172)		2,658
Multifamily (5 or more) residential properties	1,251		—		—		624		1,875
Non-owner occupied, nonfarm nonresidential properties	9,783		(349)		20		2,059		11,513
1-4 Family Construction	191		—		—		(2)		189
Home equity lines of credit	844		—		4		134		982
Residential Mortgages secured by first liens	8,274		(78)		—		937		9,133
Residential Mortgages secured by junior liens	1,487		—		—		(122)		1,365
Other revolving credit plans	977		(117)		22		78		960
Automobile	360		(53)		6		(15)		298
Other consumer	2,656		(1,562)		158		1,653		2,905
Credit cards	95		(126)		14		134		117
Overdrafts	292		(415)		66		350		293
Total loans	$	45,832	$	(5,759)	$	391	$	6,180	$	46,644

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


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	140	$	—	$	—	$	(15)	$	125
Owner-occupied, nonfarm nonresidential properties	3,151		—		8		789		3,948
Agricultural production and other loans to farmers	5		—		—		(1)		4
Commercial and Industrial	8,659		(80)		42		(1,142)		7,479
Obligations (other than securities and leases) of states and political subdivisions	2,306		—		—		321		2,627
Other loans	733		—		—		(214)		519
Other construction loans and all land development and other land loans	3,591		—		—		367		3,958
Multifamily (5 or more) residential properties	1,613		—		—		537		2,150
Non-owner occupied, nonfarm nonresidential properties	8,977		(88)		6		1,006		9,901
1-4 Family Construction	408		—		—		(11)		397
Home equity lines of credit	969		(10)		1		(156)		804
Residential Mortgages secured by first liens	9,250		(15)		—		(1,241)		7,994
Residential Mortgages secured by junior liens	1,578		—		—		(59)		1,519
Other revolving credit plans	931		(40)		4		97		992
Automobile	376		(23)		—		13		366
Other consumer	2,561		(423)		23		481		2,642
Credit cards	72		(23)		7		24		80
Overdrafts	221		(153)		32		227		327
Total loans	$	45,541	$	(855)	$	123	$	1,023	$	45,832

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


	Beginning Allowance (1)		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(2)		Ending Allowance
Farmland	$	159	$	—	$	—	$	(34)	$	125
Owner-occupied, nonfarm nonresidential properties	2,905		(26)		23		1,046		3,948
Agricultural production and other loans to farmers	6		—		—		(2)		4
Commercial and Industrial	9,766		(126)		187		(2,348)		7,479
Obligations (other than securities and leases) of states and political subdivisions	1,863		—		—		764		2,627
Other loans	456		—		—		63		519
Other construction loans and all land development and other land loans	3,253		—		—		705		3,958
Multifamily (5 or more) residential properties	2,353		(65)		2		(140)		2,150
Non-owner occupied, nonfarm nonresidential properties	7,653		(336)		6		2,578		9,901
1-4 Family Construction	327		—		—		70		397
Home equity lines of credit	1,173		(10)		4		(363)		804
Residential Mortgages secured by first liens	8,484		(22)		3		(471)		7,994
Residential Mortgages secured by junior liens	1,035		—		—		484		1,519
Other revolving credit plans	722		(98)		21		347		992
Automobile	271		(33)		—		128		366
Other consumer	2,665		(1,405)		97		1,285		2,642
Credit cards	67		(103)		14		102		80
Overdrafts	278		(451)		111		389		327
Total loans	$	43,436	$	(2,675)	$	468	$	4,603	$	45,832

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the beginning allowance column disclosure as of December 31, 2023 to reflect the revisions for the applicable portfolio segments.

(2) Excludes provision for credit losses related to unfunded commitments. Note 9, "Off-Balance Sheet Commitments and Contingencies," to the condensed consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

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

The following tables present the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of September 30, 2024 and December 31, 2023, respectively:


	September 30, 2024
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	670	$	670	$	—
Owner-occupied, nonfarm nonresidential properties	6,774		1,521		—

Commercial and Industrial	10,327		10,113		—


Other construction loans and all land development and other land loans	1,552		99		—
Multifamily (5 or more) residential properties	268		268		491
Non-owner occupied, nonfarm nonresidential properties	8,025		6,502		—

Home equity lines of credit	1,126		1,126		—
Residential Mortgages secured by first liens	9,638		9,262		43
Residential Mortgages secured by junior liens	326		326		—
Other revolving credit plans	194		194		—
Automobile	189		189		—
Other consumer	766		766		—
Credit cards	—		—		132

Total	$	39,855	$	31,036	$	666


	December 31, 2023
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Receivable Past Due over 89 Days Still Accruing
Farmland	$	1,083	$	1,083	$	—
Owner-occupied, nonfarm nonresidential properties	2,673		1,488		—

Commercial and Industrial	7,512		4,389		—


Other construction loans and all land development and other land loans	1,653		104		—
Multifamily (5 or more) residential properties	305		305		—
Non-owner occupied, nonfarm nonresidential properties	9,076		6,716		—

Home equity lines of credit	940		940		—
Residential Mortgages secured by first liens	5,316		4,902		23
Residential Mortgages secured by junior liens	123		123		—
Other revolving credit plans	81		81		—
Automobile	79		79		—
Other consumer	798		798		—
Credit cards	—		—		32

Total	$	29,639	$	21,008	$	55

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 September 30, 2024:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	391	$	—
Owner-occupied, nonfarm nonresidential properties	5,254		—

Commercial and Industrial	—		2,257


Other construction loans and all land development and other land loans	1,453		—
Multifamily (5 or more) residential properties	268		—
Non-owner occupied, nonfarm nonresidential properties	7,274		—

Home equity lines of credit	286		—
Residential Mortgages secured by first liens	1,010		—






Total	$	15,936	$	2,257

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, 2023:


	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	736	$	—
Owner-occupied, nonfarm nonresidential properties	6,890		4

Commercial and Industrial	5,489		4,291


Other construction loans and all land development and other land loans	1,549		—
Multifamily (5 or more) residential properties	305		—
Non-owner occupied, nonfarm nonresidential properties	8,291		—

Home equity lines of credit	308		—
Residential Mortgages secured by first liens	1,070		—






Total	$	24,638	$	4,295

The following table presents the aging of the amortized cost basis in past-due loans receivable as of September 30, 2024 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	$	—	$	170	$	—	$	170	$	31,650	$	31,820
Owner-occupied, nonfarm nonresidential properties	599		—		1,113		1,712		529,787		531,499
Agricultural production and other loans to farmers	—		—		—		—		1,733		1,733
Commercial and Industrial	326		61		6,323		6,710		712,731		719,441
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		142,423		142,423
Other loans	—		—		—		—		26,132		26,132
Other construction loans and all land development and other land loans	—		37		1,515		1,552		287,076		288,628
Multifamily (5 or more) residential properties	—		—		760		760		407,709		408,469
Non-owner occupied, nonfarm nonresidential properties	959		214		1,831		3,004		1,012,997		1,016,001
1-4 Family Construction	—		—		—		—		24,599		24,599
Home equity lines of credit	802		290		395		1,487		156,310		157,797
Residential Mortgages secured by first liens	2,473		2,563		5,543		10,579		1,001,441		1,012,020
Residential Mortgages secured by junior liens	102		35		40		177		99,836		100,013
Other revolving credit plans	83		3		130		216		41,414		41,630
Automobile	122		18		85		225		22,055		22,280
Other consumer	457		222		388		1,067		52,489		53,556
Credit cards	111		11		132		254		13,320		13,574
Overdrafts	—		—		—		—		293		293
Total	$	6,034	$	3,624	$	18,255	$	27,913	$	4,563,995	$	4,591,908

The following table presents the aging of the amortized cost basis in past-due loans receivable as of December 31, 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 (1)		Total (1)
Farmland	$	—	$	182	$	129	$	311	$	33,174	$	33,485
Owner-occupied, nonfarm nonresidential properties	120		—		1,390		1,510		510,400		511,910
Agricultural production and other loans to farmers	—		—		—		—		1,652		1,652
Commercial and Industrial	64		379		314		757		725,685		726,442
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		152,201		152,201
Other loans	—		—		—		—		25,507		25,507
Other construction loans and all land development and other land loans	—		41		1,612		1,653		338,705		340,358
Multifamily (5 or more) residential properties	—		—		305		305		305,392		305,697
Non-owner occupied, nonfarm nonresidential properties	95		299		2,031		2,425		981,608		984,033
1-4 Family Construction	—		—		—		—		28,055		28,055
Home equity lines of credit	582		682		339		1,603		129,097		130,700
Residential Mortgages secured by first liens	2,360		1,094		1,651		5,105		1,000,230		1,005,335
Residential Mortgages secured by junior liens	21		38		60		119		91,121		91,240
Other revolving credit plans	114		41		14		169		42,708		42,877
Automobile	62		5		67		134		25,181		25,315
Other consumer	452		453		354		1,259		50,333		51,592
Credit cards	110		17		32		159		11,626		11,785
Overdrafts	—		—		—		—		292		292
Total	$	3,980	$	3,231	$	8,298	$	15,509	$	4,452,967	$	4,468,476

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the loans receivable not past due and total columns disclosure as of December 31, 2023 to reflect the revisions for the applicable portfolio segments.

Schedule of Restructured in Troubled Debt

The following table presents the amortized cost basis of loans at September 30, 2024 that were both experiencing financial difficulty and modified during the three months ended September 30, 2024, 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	$	—	$	696	$	—	$	—	$	—	0.1	%






Non-owner occupied, nonfarm nonresidential properties	—		5,443		—		—		—		0.5









Total	$	—	$	6,139	$	—	$	—	$	—	0.1	%

The following table presents the amortized cost basis of loans at September 30, 2024 that were both experiencing financial difficulty and modified during the nine months ended September 30, 2024, 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
Farmland	$	—	$	1,040	$	—	$	—	$	—	3.3	%
Owner-occupied, nonfarm nonresidential properties	—		5,254		—		—		—		1.0

Commercial and Industrial	—		27		438		—		—		0.1




Non-owner occupied, nonfarm nonresidential properties	—		5,443		—		—		—		0.5









Total	$	—	$	11,764	$	438	$	—	$	—	0.3	%

The following table presents the amortized cost basis of loans at September 30, 2023 that were both experiencing financial difficulty and modified during the three months ended September 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	$	—	$	760	$	—	$	—	$	—	0.2	%






Non-owner occupied, nonfarm nonresidential properties	—		6,215		—		—		785		0.8









Total	$	—	$	6,975	$	—	$	—	$	785	0.2	%

The following table presents the amortized cost basis of loans at September 30, 2023 that were both experiencing financial difficulty and modified during the nine months ended September 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	$	—	$	6,010	$	—	$	—	$	—	1.2	%

Commercial and Industrial	—		7,870		554		333		113		1.2




Non-owner occupied, nonfarm nonresidential properties	—		6,215		—		—		785		0.8









Total	$	—	$	20,095	$	554	$	333	$	898	0.5	%

The following table presents the performance of such loans that have been modified during the three months ended September 30, 2024:


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

Owner-occupied, nonfarm nonresidential properties	$	696	$	—	$	—	$	—	$	—






Non-owner occupied, nonfarm nonresidential properties	5,443		—		—		—		—









Total	$	6,139	$	—	$	—	$	—	$	—

The following table presents the performance of such loans that have been modified during the nine months ended September 30, 2024:


	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due
Farmland	$	1,040	$	—	$	—	$	—	$	—
Owner-occupied, nonfarm nonresidential properties	5,254		—		—		—		—

Commercial and Industrial	465		—		—		—		—




Non-owner occupied, nonfarm nonresidential properties	5,443		—		—		—		—









Total	$	12,202	$	—	$	—	$	—	$	—

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


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

Owner-occupied, nonfarm nonresidential properties	$	64	$	—	$	—	$	696	$	696






Non-owner occupied, nonfarm nonresidential properties	785		—		—		6,215		6,215









Total	$	849	$	—	$	—	$	6,911	$	6,911

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


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

Owner-occupied, nonfarm nonresidential properties	$	5,314	$	—	$	—	$	696	$	696

Commercial and Industrial	8,870		—		—		—		—




Non-owner occupied, nonfarm nonresidential properties	785		—		—		6,215		6,215









Total	$	14,969	$	—	$	—	$	6,911	$	6,911

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the nine months ended September 30, 2024:


	Principal Forgiveness		Weighted Average Term Extension (in years)	Weighted Average Interest Rate Reduction



Commercial and Industrial	$	—	1.00	—	%














Total	$	—	1.00	—	%

There was no principal forgiveness, term extension or interest rate reductions for the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended September 30, 2023.

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


	Principal Forgiveness		Weighted Average Term Extension (in years)	Weighted Average Interest Rate Reduction



Commercial and Industrial	$	—	1.00	0.5	%




Non-owner occupied, nonfarm nonresidential properties	—		1.00	—









Total	$	—	1.00	0.5	%

The following table presents the amortized cost basis of loans that had a payment default during the three months ended September 30, 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.


	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay and Term Extension






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

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









Total	$	—	$	1,549	$	1,523	$	—	$	—

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.


	September 30, 2024
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	25,726	$	5,425	$	669	$	—	$	6,094	$	31,820
Owner-occupied, nonfarm nonresidential properties	507,250		1,449		22,800		—		24,249		531,499
Agricultural production and other loans to farmers	1,733		—		—		—		—		1,733
Commercial and Industrial	672,435		5,590		41,416		—		47,006		719,441
Obligations (other than securities and leases) of states and political subdivisions	142,423		—		—		—		—		142,423
Other loans	26,132		—		—		—		—		26,132
Other construction loans and all land development and other land loans	287,113		—		1,515		—		1,515		288,628
Multifamily (5 or more) residential properties	403,638		—		4,831		—		4,831		408,469
Non-owner occupied, nonfarm nonresidential properties	990,944		2,801		22,256		—		25,057		1,016,001









Total	$	3,057,394	$	15,265	$	93,487	$	—	$	108,752	$	3,166,146


	December 31, 2023 (1)
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	32,402	$	—	$	1,083	$	—	$	1,083	$	33,485
Owner-occupied, nonfarm nonresidential properties	475,093		25,484		11,333		—		36,817		511,910
Agricultural production and other loans to farmers	1,652		—		—		—		—		1,652
Commercial and Industrial	653,981		52,030		20,431		—		72,461		726,442
Obligations (other than securities and leases) of states and political subdivisions	139,014		13,187		—		—		13,187		152,201
Other loans	25,507		—		—		—		—		25,507
Other construction loans and all land development and other land loans	338,746		—		1,612		—		1,612		340,358
Multifamily (5 or more) residential properties	303,554		1,346		797		—		2,143		305,697
Non-owner occupied, nonfarm nonresidential properties	957,254		3,008		23,771		—		26,779		984,033









Total	$	2,927,203	$	95,055	$	59,027	$	—	$	154,082	$	3,081,285

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the pass, special mention, total non-pass and total columns disclosure as of December 31, 2023 to reflect the revisions for the applicable portfolio segments.

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 September 30, 2024. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	100	$	3,182	$	6,816	$	6,568	$	1,443	$	7,232	$	385	$	—	$	25,726
Special mention	—		—		5,425		—		—		—		—		—		5,425
Substandard	—		—		—		—		—		669		—		—		669

Total	$	100	$	3,182	$	12,241	$	6,568	$	1,443	$	7,901	$	385	$	—	$	31,820
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	58,095	$	65,358	$	119,055	$	103,035	$	41,150	$	98,456	$	22,101	$	—	$	507,250
Special mention	—		—		86		258		—		542		563		—		1,449
Substandard	14,207		1,127		5,034		696		—		1,553		183		—		22,800

Total	$	72,302	$	66,485	$	124,175	$	103,989	$	41,150	$	100,551	$	22,847	$	—	$	531,499
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	699	$	—	$	—	$	699

Agricultural production and other loans to farmers
Risk rating
Pass	$	72	$	588	$	26	$	25	$	48	$	151	$	823	$	—	$	1,733
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	72	$	588	$	26	$	25	$	48	$	151	$	823	$	—	$	1,733
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	118,480	$	48,338	$	122,655	$	69,888	$	26,474	$	23,130	$	263,470	$	—	$	672,435
Special mention	11		59		569		—		51		36		4,864		—		5,590
Substandard	884		5,039		536		1,620		52		1,631		31,654		—		41,416

Total	$	119,375	$	53,436	$	123,760	$	71,508	$	26,577	$	24,797	$	299,988	$	—	$	719,441
Current period gross write offs	$	—	$	301	$	50	$	537	$	1	$	43	$	1,428	$	—	$	2,360

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	7,853	$	25,075	$	16,102	$	30,777	$	11,565	$	47,057	$	3,994	$	—	$	142,423
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	7,853	$	25,075	$	16,102	$	30,777	$	11,565	$	47,057	$	3,994	$	—	$	142,423
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	886	$	3,242	$	12,173	$	4,891	$	1,455	$	276	$	3,209	$	—	$	26,132
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	886	$	3,242	$	12,173	$	4,891	$	1,455	$	276	$	3,209	$	—	$	26,132
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		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	$	60,527	$	101,650	$	99,717	$	17,068	$	806	$	2,125	$	5,220	$	—	$	287,113
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,453		62		—		1,515

Total	$	60,527	$	101,650	$	99,717	$	17,068	$	806	$	3,578	$	5,282	$	—	$	288,628
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	34,048	$	50,197	$	214,023	$	56,538	$	21,908	$	25,938	$	986	$	—	$	403,638
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		2,110		—		—		2,721		—		—		—		4,831

Total	$	34,048	$	52,307	$	214,023	$	56,538	$	24,629	$	25,938	$	986	$	—	$	408,469
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	76,393	$	209,794	$	322,234	$	188,015	$	38,285	$	149,177	$	7,046	$	—	$	990,944
Special mention	—		—		214		—		1,805		358		424		—		2,801
Substandard	11,494		766		1,059		—		5,443		3,494		—		—		22,256

Total	$	87,887	$	210,560	$	323,507	$	188,015	$	45,533	$	153,029	$	7,470	$	—	$	1,016,001
Current period gross write offs	$	—	$	—	$	33	$	296	$	—	$	—	$	20	$	—	$	349

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, 2023. Current period originations may include modifications. As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the vintage loan disclosure at December 31, 2023 to reflect the revisions for the applicable portfolio segments.


	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	$	3,250	$	12,897	$	6,845	$	1,465	$	815	$	6,828	$	302	$	—	$	32,402
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		306		—		—		777		—		—		1,083

Total	$	3,250	$	12,897	$	7,151	$	1,465	$	815	$	7,605	$	302	$	—	$	33,485
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	64,237	$	125,894	$	107,740	$	44,286	$	49,366	$	73,649	$	9,921	$	—	$	475,093
Special mention	320		6,611		1,180		13,623		407		210		3,133		—		25,484
Substandard	848		—		696		292		6,738		2,593		166		—		11,333

Total	$	65,405	$	132,505	$	109,616	$	58,201	$	56,511	$	76,452	$	13,220	$	—	$	511,910
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	26	$	—	$	—	$	26

Agricultural production and other loans to farmers
Risk rating
Pass	$	703	$	34	$	89	$	60	$	5	$	159	$	602	$	—	$	1,652
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	703	$	34	$	89	$	60	$	5	$	159	$	602	$	—	$	1,652
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and Industrial
Risk rating
Pass	$	78,325	$	140,178	$	141,439	$	33,475	$	6,662	$	14,709	$	239,193	$	—	$	653,981
Special mention	7,718		7,803		2,795		65		139		21		33,489		—		52,030
Substandard	—		385		4,281		396		3,476		1,655		10,238		—		20,431

Total	$	86,043	$	148,366	$	148,515	$	33,936	$	10,277	$	16,385	$	282,920	$	—	$	726,442
Current period gross write offs	$	50	$	—	$	—	$	191	$	—	$	—	$	151	$	—	$	392

Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	24,964	$	16,791	$	31,768	$	12,399	$	4,190	$	45,331	$	3,571	$	—	$	139,014
Special mention	—		—		—		—		—		13,187		—		—		13,187
Substandard	—		—		—		—		—		—		—		—		—

Total	$	24,964	$	16,791	$	31,768	$	12,399	$	4,190	$	58,518	$	3,571	$	—	$	152,201
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other loans
Risk rating
Pass	$	3,649	$	12,211	$	5,289	$	1,809	$	288	$	—	$	2,261	$	—	$	25,507
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

Total	$	3,649	$	12,211	$	5,289	$	1,809	$	288	$	—	$	2,261	$	—	$	25,507
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	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	$	92,321	$	197,166	$	23,484	$	15,540	$	1,706	$	1,129	$	7,400	$	—	$	338,746
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		1,549		—		63		—		1,612

Total	$	92,321	$	197,166	$	23,484	$	15,540	$	3,255	$	1,129	$	7,463	$	—	$	340,358
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multifamily (5 or more) residential properties
Risk rating
Pass	$	49,566	$	127,027	$	70,261	$	25,232	$	10,928	$	19,786	$	754	$	—	$	303,554
Special mention	1,346		—		—		—		—		—		—		—		1,346
Substandard	797		—		—		—		—		—		—		—		797

Total	$	51,709	$	127,027	$	70,261	$	25,232	$	10,928	$	19,786	$	754	$	—	$	305,697
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	65	$	—	$	—	$	65

Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	198,343	$	332,733	$	195,106	$	42,216	$	55,150	$	125,532	$	8,174	$	—	$	957,254
Special mention	—		—		—		1,887		—		688		433		—		3,008
Substandard	778		1,134		488		5,911		3,266		10,484		1,710		—		23,771

Total	$	199,121	$	333,867	$	195,594	$	50,014	$	58,416	$	136,704	$	10,317	$	—	$	984,033
Current period gross write offs	$	—	$	358	$	—	$	—	$	88	$	—	$	248	$	—	$	694

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 September 30, 2024. Current period originations may include modifications.


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	16,645	$	4,786	$	2,904	$	213	$	—	$	51	$	—	$	—	$	24,599
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	16,645	$	4,786	$	2,904	$	213	$	—	$	51	$	—	$	—	$	24,599
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	35,167	$	28,691	$	29,710	$	10,238	$	9,267	$	31,605	$	6,660	$	5,331	$	156,669
Nonperforming	—		—		—		—		—		—		—		1,128		1,128
Total	$	35,167	$	28,691	$	29,710	$	10,238	$	9,267	$	31,605	$	6,660	$	6,459	$	157,797
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential mortgages secured by first lien
Payment performance
Performing	$	74,545	$	139,745	$	229,207	$	183,597	$	134,571	$	237,870	$	2,804	$	—	$	1,002,339
Nonperforming	376		2,469		1,827		1,290		588		3,096		35		—		9,681
Total	$	74,921	$	142,214	$	231,034	$	184,887	$	135,159	$	240,966	$	2,839	$	—	$	1,012,020
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	78	$	—	$	—	$	78

Residential mortgages secured by junior liens
Payment performance
Performing	$	21,801	$	23,856	$	24,083	$	12,401	$	5,961	$	10,260	$	1,325	$	—	$	99,687
Nonperforming	—		17		125		127		—		17		40		—		326
Total	$	21,801	$	23,873	$	24,208	$	12,528	$	5,961	$	10,277	$	1,365	$	—	$	100,013
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	9,045	$	6,882	$	6,866	$	2,429	$	5,569	$	10,645	$	—	$	—	$	41,436
Nonperforming	—		—		27		14		23		130		—		—		194
Total	$	9,045	$	6,882	$	6,893	$	2,443	$	5,592	$	10,775	$	—	$	—	$	41,630
Current period gross write offs	$	—	$	9	$	—	$	35	$	—	$	73	$	—	$	—	$	117

Automobile
Payment performance
Performing	$	4,958	$	9,311	$	4,588	$	1,435	$	844	$	955	$	—	$	—	$	22,091
Nonperforming	10		116		58		—		5		—		—		—		189
Total	$	4,968	$	9,427	$	4,646	$	1,435	$	849	$	955	$	—	$	—	$	22,280
Current period gross write offs	$	22	$	8	$	1	$	12	$	6	$	4	$	—	$	—	$	53

Other consumer
Payment performance
Performing	$	22,495	$	15,931	$	6,550	$	2,851	$	2,476	$	2,487	$	—	$	—	$	52,790
Nonperforming	100		352		166		97		5		46		—		—		766
Total	$	22,595	$	16,283	$	6,716	$	2,948	$	2,481	$	2,533	$	—	$	—	$	53,556
Current period gross write offs	$	43	$	887	$	481	$	119	$	20	$	12	$	—	$	—	$	1,562

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, 2023. Current period originations may include modifications. As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the vintage loan disclosure at December 31, 2023 to reflect the revisions for the applicable portfolio segments.


	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	$	16,968	$	9,977	$	251	$	—	$	59	$	1	$	799	$	—	$	28,055
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	16,968	$	9,977	$	251	$	—	$	59	$	1	$	799	$	—	$	28,055
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity lines of credit
Payment performance
Performing	$	27,110	$	32,027	$	11,437	$	9,844	$	6,781	$	30,467	$	7,479	$	4,615	$	129,760
Nonperforming	—		—		—		—		—		14		—		926		940
Total	$	27,110	$	32,027	$	11,437	$	9,844	$	6,781	$	30,481	$	7,479	$	5,541	$	130,700
Current period gross write offs	$	—	$	—	$	—	$	—	$	10	$	—	$	—	$	—	$	10

Residential mortgages secured by first lien
Payment performance
Performing	$	141,019	$	238,242	$	200,794	$	144,676	$	77,919	$	194,185	$	3,161	$	—	$	999,996
Nonperforming	497		174		787		615		492		2,736		38		—		5,339
Total	$	141,516	$	238,416	$	201,581	$	145,291	$	78,411	$	196,921	$	3,199	$	—	$	1,005,335
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	22	$	95	$	—	$	117

Residential mortgages secured by junior liens
Payment performance
Performing	$	28,685	$	27,032	$	14,204	$	7,102	$	3,888	$	8,833	$	1,373	$	—	$	91,117
Nonperforming	—		38		—		—		—		42		43		—		123
Total	$	28,685	$	27,070	$	14,204	$	7,102	$	3,888	$	8,875	$	1,416	$	—	$	91,240
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Other revolving credit plans
Payment performance
Performing	$	8,684	$	8,027	$	2,732	$	11,274	$	1,634	$	10,445	$	—	$	—	$	42,796
Nonperforming	—		29		5		—		—		47		—		—		81
Total	$	8,684	$	8,056	$	2,737	$	11,274	$	1,634	$	10,492	$	—	$	—	$	42,877
Current period gross write offs	$	—	$	—	$	50	$	4	$	16	$	49	$	—	$	—	$	119

Automobile
Payment performance
Performing	$	12,545	$	6,800	$	2,597	$	1,472	$	1,025	$	797	$	—	$	—	$	25,236
Nonperforming	16		51		—		7		5		—		—		—		79
Total	$	12,561	$	6,851	$	2,597	$	1,479	$	1,030	$	797	$	—	$	—	$	25,315
Current period gross write offs	$	18	$	23	$	—	$	8	$	7	$	—	$	—	$	—	$	56

Other consumer
Payment performance
Performing	$	27,202	$	12,261	$	5,255	$	3,107	$	1,471	$	1,498	$	—	$	—	$	50,794
Nonperforming	283		330		116		12		6		51		—		—		798
Total	$	27,485	$	12,591	$	5,371	$	3,119	$	1,477	$	1,549	$	—	$	—	$	51,592
Current period gross write offs	$	210	$	1,164	$	467	$	96	$	33	$	12	$	—	$	—	$	1,982


	September 30, 2024		December 31, 2023

Credit card
Payment performance
Performing	$	13,442	$	11,753
Nonperforming	132		32
Total	$	13,574	$	11,785
Current period gross write offs	$	126	$	189

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.


	September 30, 2024						December 31, 2023 (1)
	Performing		Nonperforming		Total		Performing		Nonperforming		Total
1-4 Family Construction	$	24,599	$	—	$	24,599	$	28,055	$	—	$	28,055
Home equity lines of credit	156,669		1,128		157,797		129,760		940		130,700
Residential Mortgages secured by first liens	1,002,339		9,681		1,012,020		999,996		5,339		1,005,335
Residential Mortgages secured by junior liens	99,687		326		100,013		91,117		123		91,240
Other revolving credit plans	41,436		194		41,630		42,796		81		42,877
Automobile	22,091		189		22,280		25,236		79		25,315
Other consumer	52,790		766		53,556		50,794		798		51,592
Total	$	1,399,611	$	12,284	$	1,411,895	$	1,367,754	$	7,360	$	1,375,114

(1) As previously disclosed in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, revisions were made to the performing and total columns at December 31, 2023 to reflect the revisions for the applicable portfolio segments.

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 September 30, 2024 and December 31, 2023:


	September 30, 2024		December 31, 2023
Gross other consumer	$	27,850	$	31,242
Less: other consumer unearned discounts	(4,908)		(5,696)
Total other consumer loans, net of unearned discounts	$	22,942	$	25,546