Loans

3 Months Ended

Mar. 31, 2019

NOTE 4 LOANS

Loan balances as of March 31, 2019 and December 31, 2018:

	(In Thousands)
Loans:	March 31, 2019			December 31, 2018
Consumer Real Estate	$	161,180		$	80,766
Agricultural Real Estate		192,903			68,609
Agricultural		114,920			108,495
Commercial Real Estate		441,200			419,784
Commercial and Industrial		137,936			121,793
Consumer		47,573			41,953
Industrial Development Bonds		7,384			5,889
		1,103,096			847,289
Less: Net deferred loan fees and costs		(1,133	)		(915	)
		1,101,963			846,374
Less: Allowance for loan losses		(6,636	)		(6,775	)
Less: Purchase Accounting Adjustments		(3,498	)		-
Loans - Net	$	1,091,829		$	839,599

The following is a contractual maturity schedule by major category of loans as of March 31, 2019:

	(In Thousands)
			After One
	Within		Year Within		After
	One Year		Five Years		Five Years
Consumer Real Estate	$	6,370	$	17,260	$	137,550
Agricultural Real Estate		680		6,082		186,141
Agricultural		71,544		31,632		11,744
Commercial Real Estate		18,402		169,066		253,732
Commercial and Industrial		74,195		53,787		9,954
Consumer		6,025		30,870		10,678
Industrial Development Bonds		424		291		6,669

The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2019:

	(In Thousands)
	Fixed		Variable
	Rate		Rate
Consumer Real Estate	$	66,857	$	94,323
Agricultural Real Estate		86,756		106,147
Agricultural		41,061		73,859
Commercial Real Estate		272,827		168,373
Commercial and Industrial		54,861		83,075
Consumer		42,487		5,086
Industrial Development Bonds		7,282		102

As of March 31, 2019 and December 31, 2018 one to four family residential mortgage loans amounting to $85.5 and $14.9 million, respectively, have been pledged as security for future loans and existing loans the Bank has received from the Federal Home Loan Bank.

Unless listed separately, Industrial Development Bonds are included in the Commercial and Industrial category for the remainder of the tables in this Note 4.

The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2019 and December 31, 2018, net of deferred loan fees and costs:

March 31, 2019	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing

Consumer Real Estate	$	844	$	142	$	700	$	1,686	$	158,803	$	160,489	$	-
Agricultural Real Estate		-		-		-		-		192,887		192,887		-
Agricultural		74		-		-		74		114,969		115,043		-
Commercial Real Estate		-		-		-		-		440,488		440,488		-
Commercial and Industrial		-		-		-		-		145,360		145,360		-
Consumer		77		4		35		116		47,580		47,696		-

Total	$	995	$	146	$	735	$	1,876	$	1,100,087	$	1,101,963	$	-

December 31, 2018	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing

Consumer Real Estate	$	342	$	24	$	254	$	620	$	79,612	$	80,232	$	-
Agricultural Real Estate		-		-		-		-		68,588		68,588		-
Agricultural		-		-		-		-		108,616		108,616		-
Commercial Real Estate		-		-		-		-		419,131		419,131		-
Commercial and Industrial		-		-		-		-		127,752		127,752		-
Consumer		85		24		8		117		41,938		42,055		-

Total	$	427	$	48	$	262	$	737	$	845,637	$	846,374	$	-

The following table presents the recorded investment in nonaccrual loans by class of loans as of March 31, 2019 and December 31, 2018:

	(In Thousands)
	March 31, 2019		December 31, 2018

Consumer Real Estate	$	1,071	$	462
Agricultural Real Estate		-		-
Agricultural		-		-
Commercial Real Estate		-		-
Commercial & Industrial		70		72
Consumer		47		8
Total	$	1,188	$	542

Following are the characteristics and underwriting criteria for each major type of loan the Bank offers:

Consumer Real Estate: Purchase, refinance, or equity financing of one to four family owner occupied dwelling. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others.

Agricultural Real Estate: Purchase of farm real estate or for permanent improvements to the farm real estate. Cash flow from the farm operation is the repayment source and is therefore subject to the financial success of the farm operation.

Agricultural: Loans for the production and housing of crops, fruits, vegetables, and livestock or to fund the purchase or re-finance of capital assets such as machinery and equipment and livestock. The production of crops and livestock is especially vulnerable to commodity prices and weather. The vulnerability to commodity prices is offset by the farmer’s ability to hedge their position by the use of future contracts. The risk related to weather is often mitigated by requiring crop insurance.

Commercial Real Estate: Construction, purchase, and refinance of business purpose real estate. Risks include potential construction delays and overruns, vacancies, collateral value subject to market value fluctuations, interest rate, market demands, borrower’s ability to repay in orderly fashion, and others. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer’s ability to repay in a changing rate environment before granting loan approval.

Commercial and Industrial: Loans to proprietorships, partnerships, or corporations to provide temporary working capital and seasonal loans as well as long term loans for capital asset acquisition. Risks include adequacy of cash flow, reasonableness of projections, financial leverage, economic trends, management ability and estimated capital expenditures during the fiscal year. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer's ability to repay in a changing rate environment before granting loan approval.

Industrial Development Bonds (IDB): Funds for public improvements in the Bank’s service area. Repayment ability is based on the continuance of the taxation revenue as the source of repayment.

Consumer: Funding for individual and family purposes. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others.

The Bank uses a nine tier risk rating system to grade its loans. The grade of a loan may change during the life of the loan.

The risk ratings are described as follows.

Zero (0) Unclassified. Any loan which has not been assigned a classification.

One (1) Excellent. Credit to premier customers having the highest credit rating based on an extremely strong financial condition, which compares favorably with industry standards (upper quartile of Risk Management Association ratios). Financial statements indicate a sound earnings and financial ratio trend for several years with satisfactory profit margins and excellent liquidity exhibited. Prime credits may also be borrowers with loans fully secured by highly liquid collateral such as traded stocks, bonds, certificates of deposit, savings account, etc. No credit or collateral exceptions exist and the loan adheres to the Bank's loan policy in every respect. Financing alternatives would be readily available and would qualify for unsecured credit. This grade is summarized by high liquidity, minimum risk, strong ratios, and low handling costs.

Two (2) Good. Desirable loans of somewhat less stature than Grade 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets, generally with a leverage position less than 1.50, and a history of profitability. Probability of serious financial deterioration is unlikely. Possessing a sound repayment source (and a secondary source), which would allow repayment in a reasonable period of time. Individual loans backed by liquid personal assets, established history and unquestionable character.

Three (3) Satisfactory. Satisfactory loans of average or slightly above average risk – having some deficiency or vulnerability to changing economic conditions, but still fully collectible. Projects should normally demonstrate acceptable debt service coverage. Generally, customers should have a leverage position less than 2.00. May be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment.

Loans may be graded 3 when there is no recent information on which to base a current risk evaluation and the following conditions apply:

At inception, the loan was properly underwritten and did not possess an unwarranted level of credit risk:

At inception, the loan was secured with collateral possessing a loan-to-value adequate to protect the Bank from loss;

The loan exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance;

During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the business is in an industry which is known to be experiencing problems. If any of these credit weaknesses are observed, a lower risk grade is warranted.

Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk grade may be established for a loan considered satisfactory but which is of average credit risk due to financial weakness or uncertainty. The loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in Satisfactory/Monitored classification is considered acceptable and within normal underwriting guidelines so long as the loan is given management supervision.

Five (5) Special Mention. Loans that possess some credit deficiency or potential weakness which deserve close attention but do not yet warrant substandard classification. Such loans pose unwarranted financial risk that if not corrected could weaken the loan and increase risk in the future. The key distinctions of a 5 (Special Mention) classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential” versus “defined” impairments to the primary source of loan repayment and collateral.

Six (6) Substandard. One or more of the following characteristics may be exhibited in loans classified substandard:

Loans which possess a defined credit weakness and the likelihood that a loan will be paid from the primary source and are uncertain. Financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss.

Loans are inadequately protected by the current net worth and paying capacity of the borrower.

The primary source of repayment is weakened and the Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees.

Loans are characterized by the distinct possibility that the Bank will sustain some loss if deficiencies are not corrected.

Unusual courses of action are needed to maintain a high probability of repayment.

The borrower is not generating enough cash flow to repay loan principal but continues to make interest payments.

The lender is forced into a subordinate position or unsecured collateral position due to flaws in documentation.

Loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms.

The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan.

There is significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions.

Seven (7) Doubtful. One or more of the following characteristics may be exhibited in loans classified Doubtful:

Loans have all of the weaknesses of those classified as Substandard. Additionally, these weaknesses make collection or liquidation in full based on existing conditions improbable.

The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment.

The possibility of loss is high, but because of certain important pending factors which may strengthen the loan, loss classification is deferred until its exact status is known. A Doubtful classification is established deferring the realization of the loss.

Eight (8) Loss. Loans are considered uncollectable and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future.

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The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of March 31, 2019 and December 31, 2018:

	(In Thousands)
									Industrial
	Agricultural				Commercial		Commercial		Development
	Real Estate		Agricultural		Real Estate		and Industrial		Bonds
March 31, 2019
1-2	$	42,560	$	7,515	$	9,985	$	4,641	$	-
3		60,378		44,179		82,470		27,547		2,505
4		74,077		60,588		340,200		93,937		4,879
5		15,740		2,761		5,262		6,217		-
6		132		-		2,571		4,753		-
7		-		-		-		881		-
8		-		-		-		-		-
Total	$	192,887	$	115,043	$	440,488	$	137,976	$	7,384

									Industrial
	Agricultural				Commercial		Commercial		Development
	Real Estate		Agricultural		Real Estate		and Industrial		Bonds
December 31, 2018
1-2	$	4,442	$	5,753	$	4,698	$	3,199	$	-
3		14,118		38,852		64,341		16,284		3,135
4		49,596		63,380		346,072		100,644		2,754
5		422		631		2,171		308		-
6		10		-		1,849		542		-
7		-		-		-		886		-
8		-		-		-		-		-
Total	$	68,588	$	108,616	$	419,131	$	121,863	$	5,889

For consumer residential real estate, and other, the Company also evaluates credit quality based on the aging status of the loan, as was previously stated, and by payment activity. The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of March 31, 2019 and December 31, 2018.

	(In Thousands)
	Consumer		Consumer
	Real Estate		Real Estate
	March 31, 2019		December 31, 2018
Grade
Pass	$	158,309	$	79,121
Special Mention (5)		135		232
Substandard (6)		2,045		879
Doubtful (7)		-		-
Total	$	160,489	$	80,232

	(In Thousands)
	Consumer - Credit				Consumer - Other
	March 31, 2019		December 31, 2018		March 31, 2019		December 31, 2018
Performing	$	3,861	$	3,909	$	43,366	$	38,073
Nonperforming		14		19		455		54
Total	$	3,875	$	3,928	$	43,821	$	38,127

Information about impaired loans as of March 31, 2019, December 31, 2018 and March 31, 2018 are as follows:

			(In Thousands)
	March 31, 2019		December 31, 2018		March 31, 2018

Impaired loans without a valuation allowance	$	1,915	$	1,808	$	999
Impaired loans with a valuation allowance		254		246		607
Total impaired loans	$	2,169	$	2,054	$	1,606
Valuation allowance related to impaired loans	$	59	$	31	$	104
Total non-accrual loans	$	1,188	$	542	$	900
Total loans past-due ninety days or more and still accruing	$	-	$	-	$	-
Quarter ended average investment in impaired loans	$	2,135	$	2,533	$	1,688
Year to date average investment in impaired loans	$	2,135	$	1,958	$	1,688

Additional funds of $1 thousand are available to be advanced in connection with impaired loans.

The Bank had approximately $102 thousand of its impaired loans classified as troubled debt restructured (TDR) as of March 31, 2019, $178 thousand as of December 31, 2018 and $527 thousand as of March 31, 2018. During the year to date 2019 and 2018, there were no new loans considered TDR.

For the three month period ended March 31, 2019 and 2018, there were no TDRs that subsequently defaulted after modification.

For the three month period ended March 31, 2019, there were no impaired loans classified as TDR paid off.

For the majority of the Bank’s impaired loans, the Bank will apply the fair value of collateral or use a measurement incorporating the present value of expected future cash flows discounted at the loan’s effective rate of interest. To determine fair value of collateral, collateral asset values securing an impaired loan are periodically evaluated. Maximum time of re-evaluation is every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations are obtained. Until such time that updated appraisals are received, the Bank may discount the collateral value used.

The Bank uses the following guidelines as stated in policy to determine when to realize a charge-off, whether a partial or full loan balance. A charge-off in whole or in part is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 120 days delinquent, secured consumer loans are charged down to the value of the collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. Commercial and agricultural credits are charged down at 120 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-off may be realized as further unsecured positions are recognized.

The following tables present loans individually evaluated for impairment by class of loans for three months ended March 31, 2019 and March 31, 2018.

	(In Thousands)
											QTD
							QTD		QTD		Interest
Three Months Ended March 31, 2019			Unpaid				Average		Interest		Income
	Recorded		Principal		Related		Recorded		Income		Recognized
	Investment		Balance		Allowance		Investment		Recognized		Cash Basis
With no related allowance recorded:
Consumer Real Estate	$	648	$	648	$	-	$	603	$	7	$	1
Agricultural Real Estate		-		-		-		-		-		-
Agricultural		-		-		-		-		-		-
Commercial Real Estate		192		192		-		193		3		-
Commercial and Industrial		1,075		1,075		-		1,085		15		-
Consumer		-		-		-		-		-		-
With a specific allowance recorded:
Consumer Real Estate		254		254		59		254		-		-
Agricultural Real Estate		-		-		-		-		-		-
Agricultural		-		-		-		-		-		-
Commercial Real Estate		-		-		-		-		-		-
Commercial and Industrial		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
Totals:
Consumer Real Estate	$	902	$	902	$	59	$	857	$	7	$	1
Agricultural Real Estate	$	-	$	-	$	-	$	-	$	-	$	-
Agricultural	$	-	$	-	$	-	$	-	$	-	$	-
Commercial Real Estate	$	192	$	192	$	-	$	193	$	3	$	-
Commercial and Industrial	$	1,075	$	1,075	$	-	$	1,085	$	15	$	-
Consumer	$	-	$	-	$	-	$	-	$	-	$	-

	(In Thousands)
											QTD
							QTD		QTD		Interest
Three Months Ended March 31, 2018			Unpaid				Average		Interest		Income
	Recorded		Principal		Related		Recorded		Income		Recognized
	Investment		Balance		Allowance		Investment		Recognized		Cash Basis
With no related allowance recorded:
Consumer Real Estate	$	489	$	489	$	-	$	492	$	8	$	6
Agricultural Real Estate		-		-		-		67		-		-
Agricultural		-		-		-		-		-		-
Commercial Real Estate		200		200		-		201		3		-
Commercial and Industrial		310		310		-		209		4		-
Consumer		-		-		-		-		-		-
With a specific allowance recorded:
Consumer Real Estate		80		80		20		80		-		-
Agricultural Real Estate		-		-		-		-		-		-
Agricultural		-		-		-		-		-		-
Commercial Real Estate		418		418		42		420		4		-
Commercial and Industrial		109		109		42		219		-		-
Consumer		-		-		-		-		-		-
Totals:
Consumer Real Estate	$	569	$	569	$	20	$	572	$	8	$	6
Agricultural Real Estate	$	-	$	-	$	-	$	67	$	-	$	-
Agricultural	$	-	$	-	$	-	$	-	$	-	$	-
Commercial Real Estate	$	618	$	618	$	42	$	621	$	7	$	-
Commercial and Industrial	$	419	$	419	$	42	$	428	$	4	$	-
Consumer	$	-	$	-	$	-	$	-	$	-	$	-

As of March 31, 2019, the Company had no foreclosed residential real estate property obtained by physical possession and $639 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions. As of March 31, 2018, the Company had $3 thousand of foreclosed residential real estate property obtained by physical possession and $49 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings were in process according to local jurisdictions.

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The Allowance for Loan and Lease Losses (ALLL) has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense. The following tables summarize the activities in the allowance for credit losses.

	(In Thousands)
	Three Months Ended			Twelve Months Ended
	March 31, 2019			December 31, 2018
Allowance for Loan & Lease Losses
Balance at beginning of year	$	6,775		$	6,868
Provision for loan loss		30			324
Loans charged off		(207	)		(580	)
Recoveries		38			163
Allowance for Loan & Lease Losses	$	6,636		$	6,775
Allowance for Unfunded Loan Commitments & Letters of Credit	$	346		$	274
Total Allowance for Credit Losses	$	6,982		$	7,049

The Company segregates its ALLL into two reserves: The ALLL and the Allowance for Unfunded Loan Commitments and Letters of Credit (AULC). When combined, these reserves constitute the total Allowance for Credit Losses (ACL).

The AULC is reported within other liabilities on the balance sheet while the ALLL is netted within the loans, net asset line. The ACL presented above represents the full amount of reserves available to absorb possible credit losses.

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The following table breaks down the activity within ACL for each loan portfolio classification and shows the contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs.

Additional analysis, presented in thousands, related to the allowance for credit losses for three months ended March 31, 2019 and March 31, 2018 in addition to the ending balances as of December 31, 2018 is as follows:

	Consumer Real Estate		Agricultural Real Estate		Agricultural			Commercial Real Estate			Commercial and Industrial		Consumer			Unfunded Loan Commitment & Letters of Credit		Unallocated			Total
Three Months Ended March 31, 2019
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$	247	$	250	$	768		$	3,217		$	1,305	$	484		$	274	$	504		$	7,049
Charge Offs		-		-		-			-			-		(207	)		-		-			(207	)
Recoveries		-		-		1			2			3		32			-		-			38
Provision (Credit)		21		20		(63	)		(16	)		182		187			-		(301	)		30
Other Non-interest expense related to unfunded		-		-		-			-			-					72		-			72
Ending Balance	$	268	$	270	$	706		$	3,203		$	1,490	$	496		$	346	$	203		$	6,982
Ending balance: individually evaluated for impairment	$	59	$	-	$	-		$	-		$	-	$	-		$	-	$	-		$	59
Ending balance: collectively evaluated for impairment	$	209	$	270	$	706		$	3,203		$	1,490	$	496		$	346	$	203		$	6,923
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-		$	-		$	-	$	-		$	-	$	-		$	-
FINANCING RECEIVABLES:
Ending balance	$	160,489	$	192,887	$	115,043		$	440,488		$	145,360	$	47,696		$	-	$	-		$	1,101,963
Ending balance: individually evaluated for impairment	$	902	$	-	$	-		$	192		$	1,075	$	-		$	-	$	-		$	2,169
Ending balance: collectively evaluated for impairment	$	159,241	$	192,887	$	115,043		$	440,296		$	142,242	$	47,696		$	-	$	-		$	1,097,405
Ending balance: loans acquired with deteriorated credit quality	$	346	$	-	$	-		$	-		$	2,043	$	-		$	-	$	-		$	2,389

	(In Thousands)
December 31, 2018	Consumer Real Estate			Agricultural Real Estate		Agricultural		Commercial Real Estate		Commercial and Industrial		Consumer		Unfunded Loan Commitment & Letters of Credit		Unallocated		Total
ALLOWANCE FOR CREDIT LOSSES:
Ending Balance	$	247		$	250	$	768	$	3,217	$	1,305	$	484	$	274	$	504	$	7,049
Ending balance: individually evaluated for impairment	$	26		$	-	$	-	$	-	$	5	$	-	$	-	$	-	$	31
Ending balance: collectively evaluated for impairment	$	221		$	250	$	768	$	3,217	$	1,300	$	484	$	274	$	504	$	7,018
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
FINANCING RECEIVABLES:
Ending balance	$	80,232		$	68,588	$	108,616	$	419,131	$	127,752	$	42,055	$	-	$	-	$	846,374
Ending balance: individually evaluated for impairment	$	757	#	$	-	$	-	$	194	$	1,103	$	-	$	-	$	-	$	2,054
Ending balance: collectively evaluated for impairment	$	79,359		$	68,588	$	108,616	$	418,937	$	126,649	$	42,055	$	-	$	-	$	844,204
Ending balance: loans acquired with deteriorated credit quality	$	116		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	116

	Consumer Real Estate			Agricultural Real Estate		Agricultural		Commercial Real Estate			Commercial and Industrial			Consumer			Unfunded Loan Commitment & Letters of Credit		Unallocated			Total
Three Months Ended March 31, 2018
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$	343		$	244	$	667	$	3,149		$	1,546		$	441		$	227	$	478		$	7,095
Charge Offs		(34	)		-		-		(14	)		-			(97	)		-		-			(145	)
Recoveries		-			-		3		2			2			30			-		-			37
Provision (Credit)		(55	)		19		36		537			(105	)		57			-		(449	)		40
Other Non-interest expense related to unfunded		-			-		-		-			-			-			38		-			38
Ending Balance	$	254		$	263	$	706	$	3,674		$	1,443		$	431		$	265	$	29		$	7,065
Ending balance: individually evaluated for impairment	$	20		$	-	$	-	$	42		$	42		$	-		$	-	$	-		$	104
Ending balance: collectively evaluated for impairment	$	234		$	263	$	706	$	3,632		$	1,401		$	431		$	265	$	29		$	6,961
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-	$	-		$	-		$	-		$	-	$	-		$	-
FINANCING RECEIVABLES:
Ending balance	$	84,052		$	67,569	$	99,954	$	414,666		$	129,865		$	38,631		$	-	$	-		$	834,737
Ending balance: individually evaluated for impairment	$	569		$	-	$	-	$	618		$	419		$	-		$	-	$	-		$	1,606
Ending balance: collectively evaluated for impairment	$	83,362		$	67,569	$	99,954	$	414,048		$	129,446		$	38,631		$	-	$	-		$	833,010
Ending balance: loans acquired with deteriorated credit quality	$	121		$	-	$	-	$	-		$	-		$	-		$	-	$	-		$	121

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details