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Loans Held for Investment (Tables)

6 Months Ended

Jun. 30, 2022

The following table presents loans by segment as of the dates indicated:


	June 30, 2022		December 31, 2021
Real estate loans:
Commercial	$	7,857.7	$	3,971.5
Construction loans:
Land acquisition & development	355.7		247.8
Residential	444.8		262.0
Commercial	959.0		498.0
Total construction loans	1,759.5		1,007.8
Residential	2,060.4		1,538.2
Agricultural	821.5		213.9
Total real estate loans	12,499.1		6,731.4
Consumer loans:
Indirect	733.9		737.6
Direct and advance lines	157.3		129.2
Credit card	74.8		64.9
Total consumer loans	966.0		931.7
Commercial	3,036.0		1,475.5
Agricultural	672.0		203.9
Other, including overdrafts	—		1.5
Loans held for investment	17,173.1		9,344.0
Deferred loan fees and costs	(10.6)		(12.3)
Loans held for investment, net of deferred fees and costs	17,162.5		9,331.7
Allowance for credit losses	(220.4)		(122.3)
Net loans held for investment	$	16,942.1	$	9,209.4

Schedule of Allowance for Loan Losses by Portfolio Segment

The following tables represent, by loan portfolio segment, the activity in the allowance for credit losses for loans held for investment:


Three Months Ended June 30, 2022	Beginning Balance		Provisional ACL Recorded for PCD loans		Provision for (reversal of) Credit Losses		Loans Charged-Off		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate:
Commercial real estate:
Non-owner occupied	$	45.2	$	(6.9)	$	(8.8)	$	—	$	—	$	29.5
Owner occupied	25.2		—		1.4		—		—		26.6
Multi-family	54.6		(19.0)		(2.9)		—		0.7		33.4
Total commercial real estate	125.0		(25.9)		(10.3)		—		0.7		89.5
Construction:
Land acquisition & development	0.5		—		0.2		—		0.1		0.8
Residential construction	3.3		—		0.1		—		—		3.4
Commercial construction	10.2		—		4.7		—		—		14.9
Total construction	14.0		—		5.0		—		0.1		19.1
Residential real estate:
Residential 1-4 family	18.7		—		(0.7)		—		0.2		18.2
Home equity and HELOC	1.4		—		(0.1)		—		0.2		1.5
Total residential real estate	20.1		—		(0.8)		—		0.4		19.7
Agricultural real estate	10.5		—		(5.1)		(0.1)		0.1		5.4
Total real estate	169.6		(25.9)		(11.2)		(0.1)		1.3		133.7
Consumer:
Indirect	13.5		—		(0.4)		(0.8)		0.8		13.1
Direct and advance lines	4.6		—		0.5		(0.6)		0.5		5.0
Credit card	2.3		—		0.7		(0.9)		0.1		2.2
Total consumer	20.4		—		0.8		(2.3)		1.4		20.3
Commercial:
Commercial and floor plans	52.9		—		1.9		(1.1)		0.4		54.1
Commercial purpose secured by 1-4 family	5.0		—		0.4		—		0.1		5.5
Credit card	0.3		—		0.1		(0.1)		—		0.3
Total commercial	58.2		—		2.4		(1.2)		0.5		59.9
Agricultural:
Agricultural (2)	(1.0)		1.1		6.3		(0.1)		0.2		6.5

Total agricultural	(1.0)		1.1		6.3		(0.1)		0.2		6.5
Total allowance for credit losses	$	247.2	$	(24.8)	$	(1.7)	$	(3.7)	$	3.4	$	220.4

(1) Amounts presented exclude the allowance for credit losses related to unfunded commitments. These amounts are included in Note “Financial Instruments with Off-Balance Sheet Risk” and the allowance for credit losses related to investment securities which are included in Note “Investment Securities” included in this report.
(2) The agricultural ACL beginning balance reflects loan reclassifications to conform the March 31, 2022 loan classifications to June 30, 2022 which were offset by additional provisional ACL as of June 30, 2022.


Six Months Ended June 30, 2022	Beginning Balance		Provisional ACL Recorded for PCD loans		Provision for (reversal of) Credit Losses (2)		Loans Charged-Off		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate:
Commercial real estate:
Non-owner occupied	$	17.3	$	17.2	$	(2.1)	$	(2.9)	$	—	$	29.5
Owner occupied	13.3		9.5		6.0		(2.2)		—		26.6
Multi-family	13.3		10.9		8.5		—		0.7		33.4
Total commercial real estate	43.9		37.6		12.4		(5.1)		0.7		89.5
Construction:
Land acquisition & development	0.5		3.4		(0.6)		(2.7)		0.2		0.8
Residential construction	2.4		—		1.0		—		—		3.4
Commercial construction	6.0		0.2		8.7		—		—		14.9
Total construction	8.9		3.6		9.1		(2.7)		0.2		19.1
Residential real estate:
Residential 1-4 family	13.4		0.1		4.5		(0.1)		0.3		18.2
Home equity and HELOC	1.2		—		—		—		0.3		1.5
Total residential real estate	14.6		0.1		4.5		(0.1)		0.6		19.7
Agricultural real estate	1.9		2.3		1.3		(0.2)		0.1		5.4
Total real estate	69.3		43.6		27.3		(8.1)		1.6		133.7
Consumer:
Indirect	14.3		—		(0.7)		(1.7)		1.2		13.1
Direct and advance lines	4.6		—		0.4		(1.4)		1.4		5.0
Credit card	2.2		—		1.3		(1.5)		0.2		2.2
Total consumer	21.1		—		1.0		(4.6)		2.8		20.3
Commercial:
Commercial and floor plans	27.1		11.2		20.3		(5.3)		0.8		54.1
Commercial purpose secured by 1-4 family	4.4		0.2		0.8		—		0.1		5.5
Credit card	0.1		—		0.4		(0.2)		—		0.3
Total commercial	31.6		11.4		21.5		(5.5)		0.9		59.9
Agricultural:
Agricultural	0.3		4.5		5.8		(5.4)		1.3		6.5

Total agricultural	0.3		4.5		5.8		(5.4)		1.3		6.5
Total allowance for credit losses	$	122.3	$	59.5	$	55.6	$	(23.6)	$	6.6	$	220.4

(1) Amounts presented are exclusive of the allowance for credit losses related to unfunded commitments which are included in Note “Financial Instruments with Off-Balance Sheet Risk” included in this report.
(2) Amounts include $68.3 million related to the acquired GWB non-PCD loans.


Three Months Ended June 30, 2021	Beginning Balance		Provision for (reversal of) Credit Losses		Loans Charged-Off		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate:
Commercial real estate:
Non-owner occupied	$	23.0	$	(0.2)	$	—	$	0.1	$	22.9
Owner occupied	17.4		1.4		(2.2)		—		16.6
Multi-family	11.8		(0.2)		—		—		11.6
Total commercial real estate	52.2		1.0		(2.2)		0.1		51.1
Construction:
Land acquisition & development	1.2		(0.4)		(0.1)		0.3		1.0
Residential construction	1.4		0.2		(0.1)		—		1.5
Commercial construction	7.2		0.9		(0.1)		—		8.0
Total construction	9.8		0.7		(0.3)		0.3		10.5
Residential real estate:
Residential 1-4 family	11.5		1.9		—		—		13.4
Home equity and HELOC	1.4		(0.1)		—		0.1		1.4
Total residential real estate	12.9		1.8		—		0.1		14.8
Agricultural real estate	2.8		0.2		—		—		3.0
Total real estate	77.7		3.7		(2.5)		0.5		79.4
Consumer:
Indirect	16.0		(0.2)		(0.8)		0.8		15.8
Direct and advance lines	4.8		—		(0.4)		0.2		4.6
Credit card	1.5		0.3		(0.4)		0.2		1.6
Total consumer	22.3		0.1		(1.6)		1.2		22.0
Commercial:
Commercial and floor plans	31.0		(3.4)		(0.3)		1.7		29.0
Commercial purpose secured by 1-4 family	4.7		(0.4)		(0.1)		0.2		4.4
Credit card	0.3		—		(0.1)		0.1		0.3
Total commercial	36.0		(3.8)		(0.5)		2.0		33.7
Agricultural:
Agricultural	0.6		—		(0.2)		—		0.4

Total agricultural	0.6		—		(0.2)		—		0.4
Total allowance for credit losses	$	136.6	$	—	$	(4.8)	$	3.7	$	135.5

(1) Amounts presented exclude the allowance for credit losses related to unfunded commitments. These amounts are included in Note “Financial Instruments with Off-Balance Sheet Risk” included in this report.


Six Months Ended June 30, 2021	Beginning Balance		Provision for (reversal of) Credit Losses		Loans Charged-Off		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate:
Commercial real estate:
Non-owner occupied	$	25.5	$	(2.7)	$	—	$	0.1	$	22.9
Owner occupied	18.3		0.6		(2.3)		—		16.6
Multi-family	11.0		0.6		—		—		11.6
Total commercial real estate	54.8		(1.5)		(2.3)		0.1		51.1
Construction:
Land acquisition & development	1.3		(0.6)		(0.1)		0.4		1.0
Residential construction	1.6		—		(0.1)		—		1.5
Commercial construction	7.3		0.7		(0.1)		0.1		8.0
Total construction	10.2		0.1		(0.3)		0.5		10.5
Residential real estate:
Residential 1-4 family	11.4		2.0		—		—		13.4
Home equity and HELOC	1.4		(0.1)		(0.1)		0.2		1.4
Total residential real estate	12.8		1.9		(0.1)		0.2		14.8
Agricultural real estate	2.7		0.3		—		—		3.0
Total real estate	80.5		0.8		(2.7)		0.8		79.4
Consumer:
Indirect	16.7		(0.2)		(2.1)		1.4		15.8
Direct and advance lines	4.6		0.7		(1.2)		0.5		4.6
Credit card	2.6		(0.4)		(1.0)		0.4		1.6
Total consumer	23.9		0.1		(4.3)		2.3		22.0
Commercial:
Commercial and floor plans	34.2		(5.2)		(2.1)		2.1		29.0
Commercial purpose secured by 1-4 family	4.7		(0.6)		(0.1)		0.4		4.4
Credit card	0.3		0.2		(0.3)		0.1		0.3
Total commercial	39.2		(5.6)		(2.5)		2.6		33.7
Agricultural:
Agricultural	0.7		(0.1)		(0.2)		—		0.4

Total agricultural	0.7		(0.1)		(0.2)		—		0.4
Total allowance for credit losses	$	144.3	$	(4.8)	$	(9.7)	$	5.7	$	135.5

(1) Amounts presented are exclusive of the allowance for credit losses related to unfunded commitments which are included in Note “Financial Instruments with Off-Balance Sheet Risk” included in this report.

Schedule of Recorded Investment in Impaired Loans

The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of the dates indicated:


	Collateral Type
As of June 30, 2022	Business Assets		Real Property		Other		Total









Real estate	$	1.2	$	63.6	$	—	$	64.8
Commercial	4.6		5.6		—		10.2
Agricultural	—		10.5		—		10.5
Total collateral-dependent	$	5.8	$	79.7	$	—	$	85.5



	Collateral Type
As of December 31, 2021	Business Assets		Real Property		Other		Total








Real estate	$	1.2	$	7.0	$	—	$	8.2
Commercial	1.8		1.0		—		2.8
Agricultural	—		0.7		—		0.7
Total collateral-dependent	$	3.0	$	8.7	$	—	$	11.7

Schedule of Recorded Investment in Past Due Loans by Class

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans classified in the following table as greater than 90 days past due continue to accrue interest. The following tables present the contractual aging of the Company’s recorded amortized cost basis in loans by portfolio as of the dates indicated.


							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of June 30, 2022	Past Due		Past Due		Past Due		Past Due		Loans		Loans (1)		Loans
Real estate
Commercial	$	5.1	$	2.1	$	0.7	$	7.9	$	7,820.1	$	29.7	$	7,857.7
Construction:
Land acquisition & development	0.7		0.1		—		0.8		350.8		4.1		355.7
Residential	1.0		0.4		—		1.4		443.4		—		444.8
Commercial	10.7		—		—		10.7		948.3		—		959.0
Total construction loans	12.4		0.5		—		12.9		1,742.5		4.1		1,759.5
Residential	3.2		2.1		0.4		5.7		2,049.7		5.0		2,060.4
Agricultural	2.1		—		0.3		2.4		781.2		37.9		821.5
Total real estate loans	22.8		4.7		1.4		28.9		12,393.5		76.7		12,499.1
Consumer:
Indirect consumer	5.3		1.4		0.2		6.9		725.2		1.8		733.9
Other consumer	0.6		0.2		—		0.8		156.3		0.2		157.3
Credit card	0.6		0.2		0.3		1.1		73.7		—		74.8
Total consumer loans	6.5		1.8		0.5		8.8		955.2		2.0		966.0
Commercial	8.4		2.1		1.0		11.5		3,010.6		13.9		3,036.0
Agricultural	10.0		0.1		—		10.1		647.5		14.4		672.0

Loans held for investment	$	47.7	$	8.7	$	2.9	$	59.3	$	17,006.8	$	107.0	$	17,173.1


							Total Loans
	30 - 59		60 - 89		> 90		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of December 31, 2021	Past Due		Past Due		Past Due		Past Due		Loans		Loans (1)		Loans
Real estate
Commercial	$	1.1	$	1.0	$	0.6	$	2.7	$	3,960.8	$	8.0	$	3,971.5
Construction:
Land acquisition & development	0.2		—		—		0.2		246.9		0.7		247.8
Residential	4.2		—		—		4.2		257.8		—		262.0
Commercial	—		—		—		—		498.0		—		498.0
Total construction loans	4.4		—		—		4.4		1,002.7		0.7		1,007.8
Residential	3.0		0.8		0.1		3.9		1,531.4		2.9		1,538.2
Agricultural	1.9		0.2		—		2.1		206.9		4.9		213.9
Total real estate loans	10.4		2.0		0.7		13.1		6,701.8		16.5		6,731.4
Consumer:
Indirect consumer	5.1		1.4		0.4		6.9		729.0		1.7		737.6
Other consumer	0.5		0.2		0.1		0.8		128.3		0.1		129.2
Credit card	0.6		0.2		0.5		1.3		63.6		—		64.9
Total consumer loans	6.2		1.8		1.0		9.0		920.9		1.8		931.7
Commercial	4.9		0.7		1.1		6.7		1,463.8		5.0		1,475.5
Agricultural	0.7		—		—		0.7		201.6		1.6		203.9
Other, including overdrafts	—		—		—		—		1.5		—		1.5
Loans held for investment	$	22.2	$	4.5	$	2.8	$	29.5	$	9,289.6	$	24.9	$	9,344.0

(1) As of June 30, 2022 and December 31, 2021, none of our non-accrual loans were earning interest income. Additionally, no material interest income was recognized on non-accrual loans during the three and the six months ended June 30, 2022 and 2021, respectively. There were no material reversals of accrued interest at June 30, 2022 and 2021.

Financing Receivable, Troubled Debt Restructuring

The Company had $6.4 million and $23.6 million of new troubled debt restructurings during the three and the six months ended June 30, 2022, respectively.


	Number of Notes		Type of Concession								Principal Balance at Restructure
Three Months Ended June 30, 2022		Interest only period	Extension of term or amortization schedule		Interest rate adjustment		Other (1)
Commercial real estate	1		$	—	$	—	$	—	$	0.2	$	0.2
Residential real estate	1		—		0.1		—		—		0.1

Commercial	1		—		—		—		0.2		0.2
Agricultural	1		—		—		—		5.9		5.9
Total loans restructured during period	4		$	—	$	0.1	$	—	$	6.3	$	6.4
(1) Other includes concessions that reduce or defer payments for a specified period of time and/or concessions that do not fit into other designated categories.

	Number of Notes		Type of Concession								Principal Balance at Restructure
Six Months Ended June 30, 2022		Interest only period	Extension of term or amortization schedule		Interest rate adjustment		Other (1)
Commercial real estate	3		$	3.2	$	4.2	$	—	$	0.2	$	7.6

Residential real estate	2		—		0.6		—		—		0.6
Agriculture real estate	1		—		8.9		—		—		8.9
Commercial	2		—		—		—		0.6		0.6
Agriculture	1		—		—		—		5.9		5.9

Total loans restructured during period	9		$	3.2	$	13.7	$	—	$	6.7	$	23.6
(1) Other includes concessions that reduce or defer payments for a specified period of time and/or concessions that do not fit into other designated categories.

Schedule of Acquired Loans with Credit Impairment

The following table reconciles the par value, or initial amortized cost, of PCD loans acquired in the GWB acquisition as of the date of the acquisition with the purchase price (or initial fair value of the loans) as amended for measurement period adjustments as of June 30, 2022:


Purchase price (initial fair value)	$	623.3
Allowance for credit losses (1)	298.2
Discount attributable to other factors (2)	57.7
Par value (unpaid principal balance)	$	979.2

(1) For acquired PCD loans, an allowance of $298.2 million was required with a corresponding increase to the amortized cost basis as of the acquisition date. For PCD loans where all or a portion of the loan balance had been previously written-off by GWB, or would be subject to write-off under the Company’s charge-off policy, a CECL allowance of $238.7 million, included as part of the grossed-up loan balance at acquisition was immediately written-off. The net impact to the allowance for PCD assets on the acquisition date was $59.5 million.

(2) Non-credit discount includes the difference between the amortized cost basis and the unpaid principal balance of $39.6 million established on GWB PCD loans acquired and interest applied to principal of $18.1 million.

Schedule of Recorded Investment in Criticized Loans by Class and Credit Quality Indicator

The Company evaluates the credit quality and loan performance for the allowance for credit loan losses of the following segments based on the aforementioned risk scale for the periods indicated:


	June 30, 2022
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial real estate non-owner occupied:
Pass	$	458.6	$	817.2	$	677.9	$	536.0	$	251.2	$	641.7	$	30.4	$	3,413.0
Special mention	6.1		25.0		1.9		18.0		33.8		24.5		—		109.3
Substandard	3.2		12.8		25.0		17.7		31.6		32.0		—		122.3
Doubtful	0.3		—		—		1.6		1.8		—		—		3.7
Total	$	468.2	$	855.0	$	704.8	$	573.3	$	318.4	$	698.2	$	30.4	$	3,648.3
Commercial real estate owner occupied:
Pass	$	438.6	$	793.8	$	564.2	$	307.8	$	239.7	$	887.2	$	25.1	$	3,256.4
Special mention	3.0		5.6		3.0		7.1		2.1		12.7		0.3		33.8
Substandard	10.3		2.9		3.0		5.2		4.3		26.8		0.4		52.9
Doubtful	—		2.9		—		—		9.4		2.0		—		14.3
Total	$	451.9	$	805.2	$	570.2	$	320.1	$	255.5	$	928.7	$	25.8	$	3,357.4
Commercial multi-family:
Pass	$	152.3	$	212.8	$	185.3	$	54.0	$	36.5	$	122.7	$	3.2	$	766.8

Substandard	—		—		37.5		1.2		46.2		0.3		—		85.2

Total	$	152.3	$	212.8	$	222.8	$	55.2	$	82.7	$	123.0	$	3.2	$	852.0
Land, acquisition and development:
Pass	$	79.1	$	151.9	$	33.8	$	26.1	$	15.2	$	31.7	$	12.7	$	350.5
Special mention	—		—		—		—		0.2		0.3		—		0.5
Substandard	—		0.7		0.2		—		—		0.6		—		1.5
Doubtful	—		3.2		—		—		—		—		—		3.2
Total	$	79.1	$	155.8	$	34.0	$	26.1	$	15.4	$	32.6	$	12.7	$	355.7
Residential construction:
Pass	$	73.1	$	138.8	$	0.4	$	9.7	$	0.8	$	6.2	$	215.4	$	444.4

Substandard	—		—		—		—		—		0.4		—		0.4

Total	$	73.1	$	138.8	$	0.4	$	9.7	$	0.8	$	6.6	$	215.4	$	444.8
Commercial construction:
Pass	$	198.0	$	432.0	$	187.6	$	87.2	$	1.9	$	—	$	7.5	$	914.2
Special mention	—		—		23.1		—		—		—		—		23.1
Substandard	—		—		—		21.7		—		—		—		21.7

Total	$	198.0	$	432.0	$	210.7	$	108.9	$	1.9	$	—	$	7.5	$	959.0
Agricultural real estate:
Pass	$	112.6	$	182.2	$	122.2	$	70.0	$	53.9	$	134.1	$	29.8	$	704.8
Special mention	1.5		2.5		2.3		1.8		9.7		5.9		9.9		33.6
Substandard	3.3		17.6		4.0		3.2		22.0		13.7		12.6		76.4
Doubtful	—		0.9		3.1		0.8		—		1.9		—		6.7
Total	$	117.4	$	203.2	$	131.6	$	75.8	$	85.6	$	155.6	$	52.3	$	821.5
Commercial and floor plans:
Pass	$	318.5	$	447.6	$	256.9	$	151.3	$	149.1	$	202.6	$	821.7	$	2,347.7
Special mention	6.6		7.1		2.5		4.1		2.3		6.1		22.4		51.1
Substandard	13.5		1.5		3.4		2.6		3.6		8.1		11.6		44.3
Doubtful	—		4.7		0.2		—		—		1.6		—		6.5
Total	$	338.6	$	460.9	$	263.0	$	158.0	$	155.0	$	218.4	$	855.7	$	2,449.6


	June 30, 2022
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial purpose secured by 1-4 family:
Pass	$	106.5	$	147.2	$	69.9	$	32.7	$	32.4	$	47.6	$	25.0	$	461.3
Special mention	0.2		0.4		0.6		0.6		1.9		0.6		—		4.3
Substandard	0.4		1.3		1.2		0.3		0.6		1.3		0.1		5.2
Doubtful	—		0.2		—		—		—		—		—		0.2
Total	$	107.1	$	149.1	$	71.7	$	33.6	$	34.9	$	49.5	$	25.1	$	471.0
Agricultural:
Pass	$	103.1	$	91.1	$	37.2	$	13.4	$	10.6	$	1.2	$	343.8	$	600.4
Special mention	3.1		2.2		0.6		1.3		0.7		0.3		10.9		19.1
Substandard	22.8		6.9		5.1		0.9		1.8		0.7		4.3		42.5
Doubtful	—		4.6		—		—		2.5		0.9		—		8.0
Total	$	129.0	$	104.8	$	42.9	$	15.6	$	15.6	$	3.1	$	359.0	$	670.0


	December 31, 2021
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial real estate non-owner occupied:
Pass	$	507.9	$	452.2	$	237.9	$	150.4	$	76.3	$	409.0	$	15.3	$	1,849.0
Special mention	0.2		3.1		2.1		—		—		3.6		—		9.0
Substandard	3.9		15.3		2.3		0.7		1.0		12.4		—		35.6

Total	$	512.0	$	470.6	$	242.3	$	151.1	$	77.3	$	425.0	$	15.3	$	1,893.6
Commercial real estate owner occupied:
Pass	$	452.7	$	314.9	$	235.0	$	151.0	$	94.5	$	322.5	$	14.2	$	1,584.8
Special mention	1.3		3.2		1.5		7.4		3.5		13.8		—		30.7
Substandard	3.8		4.3		4.7		5.4		2.7		20.3		—		41.2

Total	$	457.8	$	322.4	$	241.2	$	163.8	$	100.7	$	356.6	$	14.2	$	1,656.7
Commercial multi-family:
Pass	$	129.1	$	118.6	$	43.9	$	15.4	$	36.0	$	76.7	$	1.5	$	421.2



Total	$	129.1	$	118.6	$	43.9	$	15.4	$	36.0	$	76.7	$	1.5	$	421.2
Land, acquisition and development:
Pass	$	113.0	$	41.5	$	34.2	$	14.8	$	19.8	$	20.8	$	1.2	$	245.3
Special mention	—		0.1		—		—		0.1		0.3		—		0.5
Substandard	0.8		0.2		—		0.6		0.3		0.1		—		2.0

Total	$	113.8	$	41.8	$	34.2	$	15.4	$	20.2	$	21.2	$	1.2	$	247.8
Residential construction:
Pass	$	112.4	$	7.0	$	13.7	$	0.9	$	—	$	—	$	127.2	$	261.2

Substandard	—		0.4		—		—		0.4		—		—		0.8

Total	$	112.4	$	7.4	$	13.7	$	0.9	$	0.4	$	—	$	127.2	$	262.0
Commercial construction:
Pass	$	209.7	$	141.4	$	118.8	$	27.6	$	—	$	0.5	$	—	$	498.0



Total	$	209.7	$	141.4	$	118.8	$	27.6	$	—	$	0.5	$	—	$	498.0


	December 31, 2021
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural real estate:
Pass	$	58.3	$	36.9	$	35.1	$	22.6	$	11.8	$	28.1	$	4.9	$	197.7
Special mention	0.1		1.3		1.2		0.1		0.1		0.9		0.9		4.6
Substandard	4.0		0.4		1.0		0.6		1.3		4.3		—		11.6

Total	$	62.4	$	38.6	$	37.3	$	23.3	$	13.2	$	33.3	$	5.8	$	213.9
Commercial and floor plans:
Pass	$	394.2	$	165.7	$	94.5	$	73.5	$	47.1	$	91.3	$	224.7	$	1,091.0
Special mention	0.8		11.4		0.8		0.8		3.0		2.3		7.0		26.1
Substandard	1.3		2.8		1.6		2.6		0.6		4.1		2.6		15.6

Total	$	396.3	$	179.9	$	96.9	$	76.9	$	50.7	$	97.7	$	234.3	$	1,132.7
Commercial purpose secured by 1-4 family:
Pass	$	94.9	$	55.0	$	27.8	$	23.1	$	15.3	$	32.2	$	14.4	$	262.7
Special mention	—		0.2		0.2		0.5		0.1		0.6		—		1.6
Substandard	1.3		1.2		0.6		0.6		0.2		1.3		0.1		5.3

Total	$	96.2	$	56.4	$	28.6	$	24.2	$	15.6	$	34.1	$	14.5	$	269.6
Agricultural:
Pass	$	35.1	$	16.2	$	9.0	$	5.4	$	2.1	$	1.6	$	108.9	$	178.3
Special mention	0.2		4.1		0.1		0.4		0.6		0.3		7.0		12.7
Substandard	4.9		0.7		0.6		2.5		—		0.1		2.6		11.4

Total	$	40.2	$	21.0	$	9.7	$	8.3	$	2.7	$	2.0	$	118.5	$	202.4

The following tables present the recorded investment of our other loan portfolios based on the credit risk profile of loans that are performing and loans that are nonperforming as of the periods indicated:


	June 30, 2022
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total





Residential 1-4 family:
Performing	$	83.6	$	448.6	$	563.5	$	106.0	$	34.0	$	296.2	$	0.3	$	1,532.2
Nonperforming	—		—		0.1		0.1		0.3		2.3		—		2.8
Total	$	83.6	$	448.6	$	563.6	$	106.1	$	34.3	$	298.5	$	0.3	$	1,535.0
Consumer home equity and HELOC:
Performing	$	9.9	$	9.7	$	5.8	$	3.8	$	6.3	$	19.4	$	468.0	$	522.9
Nonperforming	0.3		0.4		—		0.1		0.2		1.4		0.1		2.5
Total	$	10.2	$	10.1	$	5.8	$	3.9	$	6.5	$	20.8	$	468.1	$	525.4
Consumer indirect:
Performing	$	164.9	$	218.8	$	162.1	$	79.8	$	46.2	$	60.1	$	—	$	731.9
Nonperforming	—		0.7		0.4		0.3		0.2		0.4		—		2.0
Total	$	164.9	$	219.5	$	162.5	$	80.1	$	46.4	$	60.5	$	—	$	733.9
Consumer direct and advance line:
Performing	$	31.7	$	41.4	$	24.7	$	12.6	$	9.6	$	11.3	$	25.9	$	157.2
Nonperforming	—		—		—		—		—		0.1		—		0.1
Total	$	31.7	$	41.4	$	24.7	$	12.6	$	9.6	$	11.4	$	25.9	$	157.3


	December 31, 2021
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total





Residential 1-4 family:
Performing	$	360.9	$	477.0	$	74.7	$	27.5	$	25.7	$	176.5	$	—	$	1,142.3
Nonperforming	—		0.3		—		—		0.2		0.8		—		1.3
Total	$	360.9	$	477.3	$	74.7	$	27.5	$	25.9	$	177.3	$	—	$	1,143.6
Consumer home equity and HELOC:
Performing	$	11.1	$	7.0	$	3.7	$	4.8	$	3.6	$	12.0	$	350.7	$	392.9
Nonperforming	0.3		—		0.3		—		0.6		0.5		—		1.7
Total	$	11.4	$	7.0	$	4.0	$	4.8	$	4.2	$	12.5	$	350.7	$	394.6
Consumer indirect:
Performing	$	272.6	$	208.6	$	108.3	$	64.0	$	37.0	$	45.0	$	—	$	735.5
Nonperforming	0.5		0.5		0.4		0.2		0.1		0.4		—		2.1
Total	$	273.1	$	209.1	$	108.7	$	64.2	$	37.1	$	45.4	$	—	$	737.6
Consumer direct and advance line:
Performing	$	42.5	$	27.9	$	15.0	$	13.3	$	5.8	$	7.6	$	16.9	$	129.0
Nonperforming	0.1		—		—		0.1		—		—		—		0.2
Total	$	42.6	$	27.9	$	15.0	$	13.4	$	5.8	$	7.6	$	16.9	$	129.2

The following table presents the recorded investment in credit card loans based on payment activity for the periods indicated:


As of June 30, 2022	Consumer		Commercial		Agricultural		Total
Credit Card:
Performing	$	74.5	$	114.9	$	2.0	$	191.4
Nonperforming	0.3		0.5		—		0.8
Total credit card	$	74.8	$	115.4	$	2.0	$	192.2



As of December 31, 2021	Consumer		Commercial		Agricultural		Total
Credit Card:
Performing	$	64.4	$	73.1	$	1.5	$	139.0
Nonperforming	0.5		0.1		—		0.6
Total credit card	$	64.9	$	73.2	$	1.5	$	139.6