Loans Held for Sale

12 Months Ended

Dec. 31, 2022

The following table presents loans held for sale by segment for the dates indicated:


	December 31, 2022		December 31, 2021
Loans Held for Sale:
Agricultural	$	62.5	$	—
Commercial construction	10.5		—
Residential real estate	6.9		30.1
Total loans held for sale	$	79.9	$	30.1

On February 1, 2022, the Company acquired $2.1 million of held for sale residential real estate loans. In conjunction with the acquisition of GWB, the Company reclassified certain agricultural and commercial loans to loans held for sale from loans held for investment due to management’s intent and decision to sell the loans. The table below presents the non-residential held for sale loan activity for the 2022 period:


	Agricultural		Commercial Construction		Commercial
Beginning balance	$	—	$	—	$	—
GWB loans held for investment transferred to loans held for sale on acquisition date	190.9		—		24.0
Loans held for sale transferred to loans held for investment	(19.8)		—		—
Repayments and discounted pay-offs	(110.1)		—		(0.6)
Loan disposals	—		—		(23.4)
Loans held for investment transferred to loans held for sale	—		12.4		—
Increase (decrease) in estimated fair value of the loans	1.5		(1.9)		—
Ending balance	$	62.5	$	10.5	$	—

As of December 31, 2022, loans held for sale included nonaccrual loans of $39.8 million, of which $29.3 million were agricultural loans and $10.5 million was a commercial construction loan. There were no loans held for sale that were considered a TDR as of December 31, 2022.