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Loans (Tables)
 9 Months Ended
Sep. 30, 2023
Loans [Abstract]  
Loan Portfolio and Allowance for Loan Losses The following table summarizes the primary segments of the loan portfolio and how those segments are analyzed within the allowance for credit losses - loans as of September 30, 2023 and December 31, 2022 (in thousands):


 
September 30, 2023
     December 31, 2022  
Real estate loans:
            
Residential
  
$
356,381
    
$
210,213
  
Commercial
    
1,081,123
      
876,569
  
Agricultural
    
314,164
      
313,614
  
Construction
    
175,320
      
80,691
  
Consumer
    
115,753
      
86,650
  
Other commercial loans
    
120,347
      
63,222
  
Other agricultural loans
    
26,648
      
34,832
  
State and political subdivision loans
    
56,660
      
59,208
  
Total
    
2,246,396
      
1,724,999
  
Allowance for credit losses - loans
    
21,455
      
18,552
  
Net loans
  
$
2,224,941
    
$
1,706,447
  
Components of the Allowance for Credit Losses

The following table presents the components of the allowance for credit losses as of September 30, 2023 (in thousands):

   
September 30, 2023
  
Allowance for Credit Losses - Loans
  
$
21,455
  
Allowance for Credit Losses - Off-Balance Sheet credit Exposure
    
1,265
  
Total allowance for credit losses
  
$
22,720
  

The following table presents the components of the allowance for credit losses as of December 31, 2022 (in thousands):


 
December 31, 2022
  
Allowance for loan Losses
  
$
18,552
  
Reserve for unfunded commitments
    
165
  
Total allowance for credit losses
  
$
18,717
  
Activity in Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2023 (in thousands):

   
Allowance for Credit
Losses - Loans
    
Allowance for Credit Losses - Off-
Balance Sheet credit Exposure
    
Total
  
Balance at June 30, 2023
  
$
21,652
    
$
1,391
    
$
23,043
  
Loans charge-off
    
(808
)
    
-
      
(808
)
Recoveries of loans previously charged-off
    
10
      
-
      
10
  
Net loans charged-off
    
(798
)
    
-
      
(798
)
Provision for credit losses
    
601
      
(126
)
    
475
  
Balance at September 30, 2023
  
$
21,455
    
$
1,265
    
$
22,720
  

   
Allowance for Credit
Losses -Loans
   
Allowance for Credit Losses - Off-
Balance Sheet credit Exposure
    Total
 
Balance at December 31, 2022
  
$
18,552
    
$
165
    
$
18,717
  
Impact of adopting CECL
    
(3,300
)
    
1,064
      
(2,236
)
Allowance for credit loss on PCD acquired loans
    
1,689
      
-
      
1,689
  
Loans charge-off
    
(819
)
    
-
      
(819
)
Recoveries of loans previously charged-off
    
41
      
-
      
41
  
Net loans charged-off
    
(778
)
    
-
      
(778
)
Provision for credit losses - acquisition day 1 non-PCD
    
4,591
      
-
      
4,591
  
Provision for credit losses
    
701
      
36
      
737
  
Balance at September 30, 2023
  
$
21,455
    
$
1,265
    
$
22,720
  


The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2022 (in thousands):


  
Allowance for
Credit Losses - Loans
    
Reserve for
unfunded
commitments
    
Total
  
Balance at June 30, 2022   $ 17,570     $ 165     $ 17,735  
Loans charge-off     (13 )     -       (13 )
Recoveries of loans previously charged-off     9       -       9  
Net loans charged-off     (4 )     -       (4 )
Provision for credit losses     725       -       725  
Balance at September 30, 2022   $ 18,291     $ 165     $ 18,456  
                         
Balance at December 31, 2021
  
$
17,304
    
$
165
    
$
17,469
  
Loans charge-off
    
(464
)
    
-
      
(464
)
Recoveries of loans previously charged-off
    
26
      
-
      
26
  
Net loans charged-off
    
(438
)
    
-
      
(438
)
Provision for credit losses
    
1,425
      
-
      
1,425
  
Balance at September 30, 2022
  
$
18,291
    
$
165
    
$
18,456
  
Activity of Allowance for Credit Losses - Loans by Portfolio Segment

The following table presents the activity in the allowance for loan losses, by portfolio segment, for the three and nine months ended September 30, 2022 (in thousands).


 
  
For the three months ended September 30, 2022
  
 
  
Balance at
June 30, 2022
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
September 30, 2022
  
Real estate loans:
                              
     Residential
  
$
1,015
    
$
-
    
$
-
    
$
(10
)
  
$
1,005
  
     Commercial
    
9,216
      
-
      
-
      
721
      
9,937
  
     Agricultural
    
4,484
      
-
      
-
      
54
      
4,538
  
     Construction
    
563
      
-
      
-
      
115
      
678
  
Consumer
    
464
      
(13
)
    
5
      
(224
)
    
232
  
Other commercial loans
    
1,173
      
-
      
4
      
(784
)
    
393
  
Other agricultural loans
    
446
      
-
      
-
      
913
      
1,359
  
State and political subdivision loans
    
323
      
-
      
-
      
2
      
325
  
Unallocated
    
(114
)
    
-
      
-
      
(62
)
    
(176
)
Total
  
$
17,570
    
$
(13
)
  
$
9
    
$
725
    
$
18,291
  

 
  
For the nine months ended September 30, 2022
  
 
  
Balance at
December 31, 2021
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
September 30, 2022
  
Real estate loans:
                              
     Residential
  
$
1,147
    
$
-
    
$
-
    
$
(142
)
  
$
1,005
  
     Commercial
    
8,099
      
-
      
-
      
1,838
      
9,937
  
     Agricultural
    
4,729
      
-
      
-
      
(191
)
    
4,538
  
     Construction
    
434
      
-
      
-
      
244
      
678
  
Consumer
    
262
      
(30
)
    
15
      
(15
)
    
232
  
Other commercial loans
    
1,023
      
(434
)
    
11
      
(207
)
    
393
  
Other agricultural loans
    
558
      
-
      
-
      
801
      
1,359
  
State and political subdivision loans
    
281
      
-
      
-
      
44
      
325
  
Unallocated
    
771
      
-
      
-
      
(947
)
    
(176
)
Total
  
$
17,304
    
$
(464
)
  
$
26
    
$
1,425
    
$
18,291
  
Allowance for Credit Losses After Evaluation for Impairment


The following table presents the allowance for credit losses – loans and amortized cost basis of loans under CECL methodology as of September 30, 2023 (in thousands):
Allowance for Credit Losses - Loans


Loans
September 30, 2023
  
Collectively evaluated
    
Individually evaluated
    
Total Allowance
for Credit
Losses - Loans
    
Collectively evaluated
    
Individually evaluated
    
Total
Loans
  
Real estate loans:
                                    
     Residential
  
$
2,484
    
$
81
    
$
2,565
    
$
355,129
    
$
1,252
    
$
356,381
  
     Commercial
    
9,030
      
155
      
9,185
      
1,078,360
      
2,763
      
1,081,123
  
     Agricultural
    
3,456
      
19
      
3,475
      
310,507
      
3,657
      
314,164
  
     Construction
    
1,547
      
286
      
1,833
      
172,963
      
2,357
      
175,320
  
Consumer
    
1,316
      
404
      
1,720
      
114,613
      
1,140
      
115,753
  
Other commercial loans
    
1,697
      
375
      
2,072
      
118,419
      
1,928
      
120,347
  
Other agricultural loans
    
229
      
-
      
229
      
26,349
      
299
      
26,648
  
State and political subdivision loans
    
48
      
-
      
48
      
56,660
      
-
      
56,660
  
Unallocated
    
328
      
-
      
328
      
-
      
-
      
-
  
Total
  
$
20,135
    
$
1,320
    
$
21,455
    
$
2,233,000
    
$
13,396
    
$
2,246,396
  


The following table presents loans and their related allowance for loan losses, by portfolio segment, as of December 31, 2022 (in thousands):


 
Allowance for loan losses
    
Loans
  

 
Collectively evaluated for impairment
    
Individually evaluated for impairment
    
Total allowance for loan losses
    
Collectively evaluated for impairment
    
Individually evaluated for impairment
    
Loans acquired with deteriorated credit quality
    
Total Loans
  
Real estate loans:
                                          
     Residential
  
$
4
    
$
1,052
    
$
1,056
    
$
209,869
    
$
335
    
$
9
    
$
210,213
  
     Commercial
    
57
      
10,063
      
10,120
      
869,038
      
5,675
      
1,856
      
876,569
  
     Agricultural
    
24
      
4,565
      
4,589
      
306,793
      
5,380
      
1,441
      
313,614
  
     Construction
    
-
      
801
      
801
      
80,691
      
-
      
-
      
80,691
  
Consumer
    
4
      
131
      
135
      
86,646
      
4
      
-
      
86,650
  
Other commercial loans
    
13
      
1,027
      
1,040
      
63,120
      
102
      
-
      
63,222
  
Other agricultural loans
    
-
      
489
      
489
      
34,359
      
473
      
-
      
34,832
  
State and political subdivision loans
    
-
      
322
      
322
      
59,208
      
-
      
-
      
59,208
  
Total
  
$
102
    
$
18,450
    
$
18,552
    
$
1,709,724
    
$
11,969
    
$
3,306
    
$
1,724,999
  
Loan Receivables on Nonaccrual Status

The following table reflects the non-performing loan receivables, as well as those on non-accrual status as of September 30, 2023 and December 31, 2022, respectively. The balances are presented by class of loan receivable (in thousands):

   
September 30, 2023
     December 31, 2022   
 
   
Nonaccrual With a
related allowance
    
Nonaccrual Without
a related allowance
    
90 days or greater
past due and
accruing
    
Total non-performing
loans
     Nonaccrual    
90 days or greater past
due and accruing
    
Total non-performing
loans
  
Real estate loans:
                                          
     Mortgages
  
$
318
    
$
2,517
    
$
-
    
$
2,835
     $ 562     $ -     $ 562  
     Home Equity
    
-
      
121
      
-
      
121
       29       -       29  
     Commercial
    
260
      
1,337
      
-
      
1,597
       2,778       -       2,778  
     Agricultural
    
182
      
2,803
      
-
      
2,985
       3,222       -       3,222  
     Construction
    
2,357
      
-
      
-
      
2,357
       -       -       -  
Consumer
    
1,007
      
10
      
8
      
1,025
       -       7       7  
Other commercial loans
    
526
      
1,402
      
-
      
1,928
       62       -       62  
Other agricultural loans
     -
        299
        -
        299
        285
        -
        285
  
   
$
4,650
    
$
8,489
    
$
8
    
$
13,147
     $ 6,938     $ 7     $
6,945  
Amortized Cost Basis of Collateral-Dependent Nonaccrual Loans and Leases

The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of  September 30, 2023 and December 31, 2022 (in thousands):

September 30, 2023  
Real Estate
    
Other
    
None
    
Total
  
Real estate loans:
                        
     Mortgages
  
$
2,835
    
$
-
    
$
-
    
$
2,835
  
     Home Equity
    
121
      
-
      
-
      
121
  
     Commercial
    
1,597
      
-
      
-
      
1,597
  
     Agricultural
    
2,985
      
-
      
-
      
2,985
  
     Construction
    
2,357
      
-
      
-
      
2,357
  
Consumer
    
-
      
-
      
1,017
      
1,017
  
Other commercial loans
    
-
      
1,928
      
-
      
1,928
  
Other agricultural loans
    
-
      
299
      
-
      
299
  
   
$
9,895
    
$
2,227
     $
1,017
    
$
13,139
  
   
 
December 31, 2022
  

   
   

   

 
Real estate loans:
                        
     Mortgages
  
$
562
    
$
-
    
$
-
    
$
562
  
     Home Equity
    
29
      
-
      
-
      
29
  
     Commercial
    
2,778
      
-
      
-
      
2,778
  
     Agricultural
    
3,222
      
-
      
-
      
3,222
  
     Construction
    
-
      
-
      
-
      
-
  
Consumer
    
-
      
-
      
-
      
-
  
Other commercial loans
    
-
      
62
      
-
      
62
  
Other agricultural loans
    
-
      
285
      
-
      
285
  
   
$
6,591
    
$
347
    
$
-
    
$
6,938
  
Financing Receivable Credit Exposures by Internally Assigned Grades, by Origination Year

The following tables represent credit exposures by internally assigned grades, by origination year, as of September 30, 2023 (in thousands):


                                       
Revolving
    
Revolving
        
         
Loans
    
Loans
        
                                       
Amortized
    
Converted
        
September 30, 2023
  
2023
    
2022
    
2021
    
2020
    
2019
    
Prior
    
Cost Basis
    
to Term
    
Total
  
Commercial real estate
                                                      
Risk Rating
                                                      
Pass
  
$
65,893
    
$
333,600
    
$
215,198
    
$
123,779
    
$
82,640
    
$
195,576
    
$
29,476
    
$
1,166
    
$
1,047,328
  
Special Mention
    
-
      
8,824
      
3,412
      
1,563
      
7,659
      
9,391
      
123
      
-
      
30,972
  
Substandard
    
-
      
233
      
6
      
-
      
161
      
1,686
      
729
      
8
      
2,823
  
Doubtful
     -       -       -       -       -       -       -       -       -  
Total
  
$
65,893
    
$
342,657
    
$
218,616
    
$
125,342
    
$
90,460
    
$
206,653
    
$
30,328
    
$
1,174
    
$
1,081,123
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
                                                                         
Agricultural real estate
                                                                        
Risk Rating
                                                                        
Pass
  
$
16,361
    
$
54,306
    
$
29,828
    
$
32,559
    
$
26,760
    
$
123,598
    
$
12,926
    
$
1,689
    
$
298,027
  
Special Mention
    
149
      
1,915
      
1,211
      
-
      
-
      
6,702
      
94
      
-
      
10,071
  
Substandard
    
-
      
-
      
-
      
-
      
103
      
5,645
      
75
      
243
      
6,066
  
Doubtful
     -       -       -       -       -       -       -       -       -  
Total
  
$
16,510
    
$
56,221
    
$
31,039
    
$
32,559
    
$
26,863
    
$
135,945
    
$
13,095
    
$
1,932
    
$
314,164
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
                                                                         
Construction
                                    
-
                                  
Risk Rating
                                                                        
Pass
  
$
37,135
    
$
92,252
    
$
35,486
    
$
-
    
$
-
    
$
385
    
$
-
    
$
-
    
$
165,258
  
Special Mention
    
2,130
      
1,165
      
4,410
      
-
      
-
      
-
      
-
      
-
      
7,705
  
Substandard
    
-
      
-
      
2,357
      
-
      
-
      
-
      
-
      
-
      
2,357
  
Doubtful
     -       -       -       -       -       -       -       -       -  
Total
  
$
39,265
    
$
93,417
    
$
42,253
    
$
-
    
$
-
    
$
385
    
$
-
    
$
-
    
$
175,320
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
                                                                         
Other commercial loans
                                    
-
                                  
Risk Rating
                                                                        
Pass
  
$
5,227
    
$
12,057
    
$
9,234
    
$
5,487
    
$
5,291
    
$
4,213
    
$
71,633
    
$
99
    
$
113,241
  
Special Mention
    
-
      
81
      
1,555
      
216
      
286
      
22
      
1,214
      
1,708
      
5,082
  
Substandard
    
-
      
100
      
-
      
-
      
186
      
1,202
      
294
      
-
      
1,782
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
218
      
24
      
242
  
Total
  
$
5,227
    
$
12,238
    
$
10,789
    
$
5,703
    
$
5,763
    
$
5,437
    
$
73,359
    
$
1,831
    
$
120,347
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
763
    
$
-
    
$
-
    
$
-
    
$
-
    
$
763
  
                                                                         
Other agricultural loans
                                    
-
                                  
Risk Rating
                                                                        
 Pass
  
$
3,464
    
$
1,645
    
$
7,005
    
$
1,154
    
$
666
    
$
521
    
$
10,554
    
$
-
    
$
25,009
  
Special Mention
    
-
      
491
      
223
      
45
      
8
      
42
      
500
      
-
      
1,309
  
Substandard
    
-
      
-
      
-
      
-
      
6
      
265
      
25
      
34
      
330
  
Doubtful
     -       -       -       -       -       -       -       -       -  
Total
  
$
3,464
    
$
2,136
    
$
7,228
    
$
1,199
    
$
680
    
$
828
    
$
11,079
    
$
34
    
$
26,648
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
                                                                         
State and political subdivision loans
                                    
-
                                  
Risk Rating
                                                                        
 Pass
  
$
1,426
    
$
14,207
    
$
10,984
    
$
4,363
    
$
2
    
$
25,678
    
$
-
    
$
-
    
$
56,660
  
Special Mention
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Doubtful
     -       -       -       -       -       -       -       -       -  
Total
  
$
1,426
    
$
14,207
    
$
10,984
    
$
4,363
    
$
2
    
$
25,678
    
$
-
    
$
-
    
$
56,660
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
                                                                         
Total
                                    
-
                                  
Risk Rating
                                                                        
Pass
  
$
129,506
    
$
508,067
    
$
307,735
    
$
167,342
    
$
115,359
    
$
349,971
    
$
124,589
    
$
2,954
    
$
1,705,523
  
Special Mention
    
2,279
      
12,476
      
10,811
      
1,824
      
7,953
      
16,157
      
1,931
      
1,708
      
55,139
  
Substandard
    
-
      
333
      
2,363
      
-
      
456
      
8,798
      
1,123
      
285
      
13,358
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
218
      
24
      
242
  
Total
  
$
131,785
    
$
520,876
    
$
320,909
    
$
169,166
    
$
123,768
    
$
374,926
    
$
127,861
    
$
4,971
    
$
1,774,262
  


Information presented in the table above is not required for periods prior to adoption of CECL. The following table presents the most comparable information for the prior period, internal credit risk ratings for the indicated loan class segments as of December 31, 2022 (in thousands).

December 31, 2022
  
Pass
    
Special Mention
    
Substandard
    
Doubtful
    
Loss
    
Ending Balance
  
Real estate loans:
                                    
     Commercial
  
$
842,912
    
$
28,047
    
$
5,610
    
$
-
    
$
-
    
$
876,569
  
     Agricultural
    
295,443
      
11,960
      
6,211
      
-
      
-
      
313,614
  
     Construction
    
75,703
      
2,642
      
2,346
      
-
      
-
      
80,691
  
Other commercial loans
    
59,902
      
2,953
      
337
      
30
      
-
      
63,222
  
Other agricultural loans
    
32,708
      
1,307
      
817
      
-
      
-
      
34,832
  
State and political
                                               
subdivision loans
    
59,208
      
-
      
-
      
-
      
-
       59,208
  
Total
  
$
1,365,876
    
$
46,909
    
$
15,321
    
$
30
    
$
-
    
$
1,428,136
  


For residential real estate mortgage loans, home equity loans, and consumer loans, credit quality is monitored based on whether the loan is performing or non-performing, which is typically based on the aging status of the loan and payment activity, unless a specific action, such as bankruptcy, repossession, death or significant delay in payment occurs to raise awareness of a possible credit event. Non-performing loans include those loans that are considered nonaccrual, described in more detail above, and all loans past due 90 or more days and still accruing. The following table presents the recorded investment in those loan classes based on payment activity, by origination year, as of September 30, 2023 (in thousands):


                                       
Revolving
    
Revolving
        
         
Loans
    
Loans
        
                                       
Amortized
    
Converted
        
September 30, 2023
  
2023
    
2022
    
2021
    
2020
    
2019
    
Prior
    
Cost Basis
    
to Term
    
Total
  
Residential real estate
                                                      
Payment Performance
                                                      
Performing
  
$
15,478
    
$
89,640
    
$
48,451
    
$
30,300
    
$
19,086
    
$
101,162
    
$
-
    
$
-
    
$
304,117
  
Nonperforming
    
-
      
406
      
771
      
399
      
-
      
1,259
      
-
      
-
      
2,835
  
Total
  
$
15,478
    
$
90,046
    
$
49,222
    
$
30,699
    
$
19,086
    
$
102,421
    
$
-
    
$
-
    
$
306,952
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
1
    
$
-
    
$
-
    
$
1
  
                                                                         
Home equity
                                    
-
                                  
Payment Performance
                                                                        
Performing
  
$
3,188
    
$
3,105
    
$
1,980
    
$
2,142
    
$
2,593
    
$
8,412
    
$
27,613
    
$
275
    
$
49,308
  
Nonperforming
    
-
      
-
      
-
      
-
      
-
      
53
      
68
      
-
      
121
  
Total
  
$
3,188
    
$
3,105
    
$
1,980
    
$
2,142
    
$
2,593
    
$
8,465
    
$
27,681
    
$
275
    
$
49,429
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
                                                                         
Consumer
                                    
-
                                  
Payment Performance
                                                                        
Performing
  
$
1,742
    
$
1,115
    
$
598
    
$
509
    
$
570
    
$
3,024
    
$
107,168
    
$
2
    
$
114,728
  
Nonperforming
    
-
      
18
      
-
      
-
      
-
      
1,007
      
-
      
-
      
1,025
  
Total
  
$
1,742
    
$
1,133
    
$
598
    
$
509
    
$
570
    
$
4,031
    
$
107,168
    
$
2
    
$
115,753
  
Current period gross charge-offs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
1
    
$
38
    
$
16
    
$
-
    
$
55
  
                                                                         
Total
                                    
-
                                  
Payment Performance
                                                                        
Performing
  
$
20,408
    
$
93,860
    
$
51,029
    
$
32,951
    
$
22,249
    
$
112,593
    
$
134,781
    
$
277
    
$
468,148
  
Nonperforming
    
-
      
424
      
771
      
399
      
-
      
2,324
      
68
      
-
      
3,986
  
Total
  
$
20,408
    
$
94,284
    
$
51,800
    
$
33,350
    
$
22,249
    
$
114,917
    
$
134,849
    
$
277
    
$
472,134
  



Information presented in the table above is not required for periods prior to adoption of CECL. The following table presents the most comparable information for the prior period, internal credit risk ratings for the indicated loan class segments as of December 31, 2022 (in thousands).

December 31, 2022
  
Performing
    
Non-performing
    
PCI
    
Total
  
Real estate loans:
                                
Mortgages
  
$
161,998
    
$
562
    
$
9
    
$
162,569
  
Home Equity
    
47,615
      
29
      
-
      
47,644
  
Consumer
    
86,643
      
7
      
-
      
86,650
  
Total
  
$
296,256
    
$
598
    
$
9
    
$
296,863
  
Aging Analysis of Past Due Loan Receivables

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table includes an aging analysis of the recorded investment of past due loan receivables as of September 30, 2023 and December 31, 2022 (in thousands):

September 30, 2023
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days
Or Greater
    
Total Past
Due
    
Current
    
Total
Loans
Receivables
    
90 Days or
Greater and
Accruing
  
Real estate loans:
                                          
Mortgages
  
$
836
    
$
282
    
$
2,335
    
$
3,453
    
$
303,499
    
$
306,952
    
$
-
  
Home Equity
    
130
      
77
      
100
      
307
      
49,122
      
49,429
      
-
  
Commercial
    
1,797
      
514
      
1,003
      
3,314
      
1,077,809
      
1,081,123
      
-
  
Agricultural
    
299
      
-
      
1,367
      
1,666
      
312,498
      
314,164
      
-
  
Construction
    
677
      
-
      
2,357
      
3,034
      
172,286
      
175,320
      
-
  
Consumer
    
647
      
124
      
1,025
      
1,796
      
113,957
      
115,753
      
8
  
Other commercial loans
    
633
      
59
      
-
      
692
      
119,655
      
120,347
      
-
  
Other agricultural loans
    
-
      
224
      
-
      
224
      
26,424
      
26,648
      
-
  
State and political subdivision loans
    
-
      
-
      
-
      
-
      
56,660
      
56,660
      
-
  
Total
  
$
5,019
    
$
1,280
    
$
8,187
    
$
14,486
    
$
2,231,910
    
$
2,246,396
    
$
8
  
                                                         
Loans considered non-accrual
  
$
241
    
$
98
    
$
8,179
    
$
8,518
    
$
4,621
    
$
13,139
          
Loans still accruing
    
4,778
      
1,182
      
8
      
5,968
      
2,227,289
      
2,233,257
          
Total
  
$
5,019
    
$
1,280
    
$
8,187
    
$
14,486
    
$
2,231,910
    
$
2,246,396
          

December 31, 2022
  
30-59 Days
Past Due
    
60-89 Days
Past Due
    
90 Days
Or Greater
    
Total Past
Due
    
Current
    
PCI
    
Total
Loan
Receivables
    
90 Days or
Greater and
Accruing
  
Real estate loans:
                                                
Mortgages
  
$
356
    
$
132
    
$
229
    
$
717
    
$
161,843
    
$
9
    
$
162,569
    
$
-
  
Home Equity
    
48
      
9
      
29
      
86
      
47,558
      
-
      
47,644
      
-
  
Commercial
    
1,065
      
115
      
1,788
      
2,968
      
871,745
      
1,856
      
876,569
      
-
  
Agricultural
    
-
      
-
      
1,368
      
1,368
      
310,805
      
1,441
      
313,614
      
-
  
Construction
    
-
      
-
      
-
      
-
      
80,691
      
-
      
80,691
      
-
  
Consumer
    
147
      
-
      
7
      
154
      
86,496
      
-
      
86,650
      
7
  
Other commercial loans
    
1,660
      
35
      
32
      
1,727
      
61,495
      
-
      
63,222
      
-
  
Other agricultural loans
    
-
      
-
      
-
      
-
      
34,832
      
-
      
34,832
      
-
  
State and political subdivision loans
    
-
      
-
      
-
      
-
      
59,208
      
-
      
59,208
      
-
  
Total
  
$
3,276
    
$
291
    
$
3,453
    
$
7,020
    
$
1,714,673
    
$
3,306
    
$
1,724,999
    
$
7
  
Loans considered non-accrual
  
$
46
    
$
76
    
$
3,446
    
$
3,568
    
$
3,370
    
$
-
    
$
6,938
          
Loans still accruing
    
3,230
      
215
      
7
      
3,452
      
1,711,303
      
3,306
      
1,718,061
          
Total
  
$
3,276
    
$
291
    
$
3,453
    
$
7,020
    
$
1,714,673
    
$
3,306
    
$
1,724,999
          
Modifications to Borrowers Experiencing Financial Difficulty

The following table shows, the amortized cost basis by class of loans receivable, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2023 (dollars in thousands):



 
  
Three months ended September 30, 2023
  
 
  
Number of loans
  
Amortized Cost Basis
  
% of Total Class of
Financing Receivable
  
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
Real estate loans:
          
     Commercial
    
1
    
$
42
      
0.00
%
     Agricultural
    
2
      
673
      
0.21
%
Other commercial loans
     5       1,378       1.15 %
Total
    
8
    
$
2,093
          



   
Nine months ended September 30, 2023
  
 
  
Number of loans
    
Amortized Cost Basis
    
% of Total Class of
Financing Receivable
  
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
Real estate loans:
              
     Mortgages
    
1
    
$
129
      
0.04
%
     Commercial
    
7
      
1,969
      
0.18
%
Agricultural
     3       728       0.23 %
Other commercial loans
    
5
      
1,378
      
1.15
%
Total
    
16
    
$
4,204
          
 
                        
Non-Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
Real estate loans:
                  
     Commercial
    
1
    
$
86
      
0.01
%
Total
    
1
    
$
86
          



The following table shows, by class of loans receivable, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2023:



Three months ended September 30, 2023
Term Extension
Loan Type
Number of loans
  
Financial Effect
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
 
Real estate loans:
    
   
     Commercial
    
1
  
Extended the weighted average loan maturity 6 months
     Agricultural
    
2
  
Extended the weighted average loan maturity 3 months
Consumer
     5   Extended the loan maturity 10 months
Total
    
8
  
 


Nine months ended September 30, 2023
Term Extension
Loan Type
  
Number of loans
  
Financial Effect
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
 
Real estate loans:
      
  
Mortgages
    
1
  
Extended the loan maturity 4 months
Commercial
    
7
  
Extended the weighted average loan maturity 22 months
Agricultural
     3  
Extended the weighted average loan maturity 5 months
Other commercial loans
    
5
  
Extended the loan maturity 10 months
Total
    
16
  
 
 
        
   
Non-Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
 
Real estate loans:
        
  
     Commercial
    
1
  
Extended the loan maturity 6 months
Total
    
1
  
 



There were no accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults after the modification date for the three and nine months ended September 30, 2023.


The following presents, by class of loans, the amortized cost and payment status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty at September 30, 2023 (in thousands):

    September 30, 2023  
 
        
30-89 Days
    
90 Days
        
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
  
Current
    
Past Due
    
Or Greater
    
Total
  
Real estate loans:
                        
     Mortgages
  
$
129
    
$
-
    
$
-
    
$
129
  
     Commercial
    
1,969
      
-
      
-
      
1,969
  
Agricultural
     728       -       -       728  
Total
  
$
4,204
    
$
-
    
$
-
    
$
4,204
  
 
                                
Non-Accruing Modified Loans to Borrowers Experiencing Financial Difficulty
                                
Real estate loans:
                                
     Commercial
  
$
86
     $
-
     $
-
    
$
86
  
    Total
  
$
86
    
$
-
    
$
-
    
$
86