XML 58 R45.htm IDEA: XBRL DOCUMENT v3.22.4
Loans Held for Investment (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Loans by Class
The following table presents loans by segment as of the dates indicated:
20222021
Real estate loans:  
Commercial$8,528.6 $3,971.5 
Construction loans:
Land acquisition & development386.2 247.8 
Residential516.2 262.0 
Commercial1,042.0 498.0 
Total construction loans1,944.4 1,007.8 
Residential2,188.3 1,538.2 
Agricultural794.9 213.9 
Total real estate loans13,456.2 6,731.4 
Consumer loans:
Indirect829.7 737.6 
Direct and advance lines152.9 129.2 
Credit card75.9 64.9 
Total consumer loans1,058.5 931.7 
Commercial2,882.6 1,475.5 
Agricultural708.3 203.9 
Other, including overdrafts9.2 1.5 
Loans held for investment18,114.8 9,344.0 
Deferred loan fees and costs(15.6)(12.3)
Loans held for investment, net of deferred fees and costs18,099.2 9,331.7 
Allowance for credit losses(220.1)(122.3)
Net loans held for investment$17,879.1 $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:
December 31, 2022Beginning BalanceACL Recorded for PCD loans
Provision for (reversal of)
Credit Losses (2)
Loans Charged-OffRecoveries CollectedEnding Balance
Allowance for credit losses (1)
Real estate:  
Commercial real estate:
Non-owner occupied$17.3 $17.2 $(4.2)$(3.5)$0.4 $27.2 
Owner occupied13.3 9.5 (2.7)(2.5)1.9 19.5 
Multi-family13.3 10.9 8.7 (5.7)0.7 27.9 
Total commercial real estate43.9 37.6 1.8 (11.7)3.0 74.6 
Construction:
Land acquisition & development0.5 3.4 (0.4)(2.6)0.4 1.3 
Residential construction2.4 — 1.1 — 0.1 3.6 
Commercial construction6.0 0.2 31.6 (6.6)— 31.2 
Total construction8.9 3.6 32.3 (9.2)0.5 36.1 
Residential real estate:
Residential 1-4 family13.4 0.1 6.9 (0.2)0.3 20.5 
Home equity and HELOC1.2 — — (0.1)0.5 1.6 
Total residential real estate14.6 0.1 6.9 (0.3)0.8 22.1 
Agricultural real estate1.9 2.3 1.5 (0.2)0.4 5.9 
Total real estate69.3 43.6 42.5 (21.4)4.7 138.7 
Consumer:
Indirect14.3 — 2.7 (4.0)2.3 15.3 
Direct and advance lines4.6 — 2.2 (3.7)2.1 5.2 
Credit card2.2 — 2.4 (2.4)0.6 2.8 
Total consumer21.1 — 7.3 (10.1)5.0 23.3 
Commercial:
Commercial and floor plans27.1 11.2 15.1 (6.6)2.2 49.0 
Commercial purpose secured by 1-4 family4.4 0.2 1.2 (0.2)0.1 5.7 
Credit card0.1 — 1.4 (1.3)— 0.2 
Total commercial31.6 11.4 17.7 (8.1)2.3 54.9 
Agricultural:
Agricultural0.3 4.5 0.9 (5.4)2.9 3.2 
Total agricultural0.3 4.5 0.9 (5.4)2.9 3.2 
Total allowance for credit losses$122.3 $59.5 $68.4 $(45.0)$14.9 $220.1 
(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.
December 31, 2021Beginning BalanceProvision for (reversal of) Credit LossLoans Charged-OffRecoveries CollectedEnding Balance
Allowance for credit losses (1)
Real estate: 
Commercial real estate:
Non-owner occupied$25.5 $(8.3)$— $0.1 $17.3 
Owner occupied18.3 (2.7)(2.3)— 13.3 
Multi-family11.0 2.3 — — 13.3 
Total commercial real estate54.8 (8.7)(2.3)0.1 43.9 
Construction:
Land acquisition & development1.3 (0.1)(1.2)0.5 0.5 
Residential construction1.6 0.9 (0.1)— 2.4 
Commercial construction7.3 (1.3)(0.1)0.1 6.0 
Total construction10.2 (0.5)(1.4)0.6 8.9 
Residential real estate:
Residential 1-4 family11.4 2.0 — — 13.4 
Home equity and HELOC1.4 (0.4)(0.1)0.3 1.2 
Total residential real estate12.8 1.6 (0.1)0.3 14.6 
Agricultural real estate2.7 (0.1)(0.7)— 1.9 
Total real estate80.5 (7.7)(4.5)1.0 69.3 
Consumer:
Indirect16.7 (1.4)(3.5)2.5 14.3 
Direct and advance lines4.6 1.7 (2.9)1.2 4.6 
Credit card2.6 0.6 (1.8)0.8 2.2 
Total consumer23.9 0.9 (8.2)4.5 21.1 
Commercial:
Commercial and floor plans34.2 (7.3)(3.0)3.2 27.1 
Commercial purpose secured by 1-4 family4.7 (0.5)(0.3)0.5 4.4 
Credit card0.3 0.1 (0.4)0.1 0.1 
Total commercial39.2 (7.7)(3.7)3.8 31.6 
Agricultural:
Agricultural0.7 (0.2)(0.2)— 0.3 
Total agricultural0.7 (0.2)(0.2)— 0.3 
Total allowance for credit losses$144.3 $(14.7)$(16.6)$9.3 $122.3 
(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.
December 31, 2020Beginning BalanceInitial Impact of Adopting ASC 326Provision for (reversal of) Credit LossLoans Charged-OffRecoveries CollectedEnding Balance
Allowance for credit losses (1)
Real estate:  
Commercial real estate:
Non-owner occupied$8.8 $4.9 $11.7 $— $0.1 $25.5 
Owner occupied10.0 3.5 5.0 (0.4)0.2 18.3 
Multi-family0.7 6.9 3.4 — — 11.0 
Total commercial real estate19.5 15.3 20.1 (0.4)0.3 54.8 
Construction:
Land acquisition & development1.9 (0.1)(0.4)(0.5)0.4 1.3 
Residential construction1.5 (0.9)1.0 — — 1.6 
Commercial construction2.7 1.3 3.3 — — 7.3 
Total construction6.1 0.3 3.9 (0.5)0.4 10.2 
Residential real estate:
Residential 1-4 family1.8 10.6 (1.1)— 0.1 11.4 
Home equity and HELOC1.0 0.5 (0.4)— 0.3 1.4 
Total residential real estate2.8 11.1 (1.5)— 0.4 12.8 
Agricultural real estate0.5 1.8 0.4 — — 2.7 
Total real estate28.9 28.5 22.9 (0.9)1.1 80.5 
Consumer:
Indirect4.5 8.8 5.4 (4.1)2.1 16.7 
Direct and advance lines2.9 3.0 1.6 (3.9)1.0 4.6 
Credit card2.5 0.3 1.8 (2.8)0.8 2.6 
Total consumer9.9 12.1 8.8 (10.8)3.9 23.9 
Commercial:
Commercial and floor plans25.5 (5.1)20.4 (8.0)1.4 34.2 
Commercial purpose secured by 1-4 family5.9 (3.8)2.5 (0.1)0.2 4.7 
Credit card1.2 (1.1)1.1 (1.0)0.1 0.3 
Total commercial32.6 (10.0)24.0 (9.1)1.7 39.2 
Agricultural:
Agricultural1.6 (0.6)(0.2)(0.1)— 0.7 
Total agricultural1.6 (0.6)(0.2)(0.1)— 0.7 
Total allowance for credit losses$73.0 $30.0 $55.5 $(20.9)$6.7 $144.3 
(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 table presents the amortized cost basis of collateral-dependent loans by class of loans as of the dates indicated:
As of December 31, 2022As of December 31, 2021
Collateral TypeBusiness AssetsReal PropertyOtherTotalBusiness AssetsReal PropertyOtherTotal
Real estate$1.9 $25.3 $— $27.2 $1.2 $7.0 $— $8.2 
Commercial3.1 1.5 — 4.6 1.8 1.0 — 2.8 
Agricultural2.1 5.2 — 7.3 — 0.7 — 0.7 
Total collateral-dependent$7.1 $32.0 $— $39.1 $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 - 5960 - 89> 9030 or More
DaysDaysDaysDaysCurrentNon-accrualTotal
As of December 31, 2022Past DuePast DuePast DuePast DueLoans
Loans (1)
Loans
Real estate
Commercial$5.6 $0.8 $1.1 $7.5 $8,501.5 $19.6 $8,528.6 
Construction:
Land acquisition & development1.8 — 0.6 2.4 380.1 3.7 386.2 
Residential1.1 — — 1.1 515.1 — 516.2 
Commercial7.5 0.6 — 8.1 1,033.9 — 1,042.0 
Total construction loans10.4 0.6 0.6 11.6 1,929.1 3.7 1,944.4 
Residential9.9 2.1 1.2 13.2 2,168.7 6.4 2,188.3 
Agricultural1.1 6.1 — 7.2 780.1 7.6 794.9 
Total real estate loans27.0 9.6 2.9 39.5 13,379.4 37.3 13,456.2 
Consumer:
Indirect consumer9.3 2.4 0.6 12.3 814.7 2.7 829.7 
Other consumer0.8 0.3 0.1 1.2 151.4 0.3 152.9 
Credit card0.8 0.4 0.6 1.8 74.1 — 75.9 
Total consumer loans10.9 3.1 1.3 15.3 1,040.2 3.0 1,058.5 
Commercial7.1 1.7 2.1 10.9 2,861.5 10.2 2,882.6 
Agricultural0.8 2.2 0.1 3.1 696.5 8.7 708.3 
Other, including overdrafts— — — — 9.2 — 9.2 
Loans held for investment$45.8 $16.6 $6.4 $68.8 $17,986.8 $59.2 $18,114.8 
Total Loans
30 - 5960 - 89> 9030 or More
DaysDaysDaysDaysCurrentNon-accrualTotal
As of December 31, 2021Past DuePast DuePast DuePast DueLoans
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 & development0.2 — — 0.2 246.9 0.7 247.8 
Residential4.2 — — 4.2 257.8 — 262.0 
Commercial— — — — 498.0 — 498.0 
Total construction loans4.4 — — 4.4 1,002.7 0.7 1,007.8 
Residential3.0 0.8 0.1 3.9 1,531.4 2.9 1,538.2 
Agricultural1.9 0.2 — 2.1 206.9 4.9 213.9 
Total real estate loans10.4 2.0 0.7 13.1 6,701.8 16.5 6,731.4 
Consumer:
Indirect consumer5.1 1.4 0.4 6.9 729.0 1.7 737.6 
Other consumer0.5 0.2 0.1 0.8 128.3 0.1 129.2 
Credit card0.6 0.2 0.5 1.3 63.6 — 64.9 
Total consumer loans6.2 1.8 1.0 9.0 920.9 1.8 931.7 
Commercial4.9 0.7 1.1 6.7 1,463.8 5.0 1,475.5 
Agricultural0.7 — — 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 December 31, 2022 and 2021, none of our non-accrual loans were earning interest income. Additionally, no material interest income was recognized on non-accrual loans at December 31, 2022 and 2021, respectively and $1.5 million accrued interest was reversed at December 31, 2022.
Schedule of Loans Renegotiated in Troubled Debt Restructurings
The Company had $71.7 million of new TDRs during the period ended December 31, 2022 and no material new TDRs during the periods ending December 31, 2021 and 2020. The following table presents information of the Company’s TDRs that occurred for the period indicated:
Number of NotesType of ConcessionPrincipal Balance at Restructure
December 31, 2022Interest only periodExtension of term or amortization scheduleInterest rate adjustment
Other (1)
Commercial real estate4$3.2 $4.2 $— $46.3 $53.7 
Residential real estate 2— 0.6 — — 0.6 
Agriculture real estate2— 9.0 — — 9.0 
Commercial3— 1.9 — 0.6 2.5 
Agriculture1— — — 5.9 5.9 
Total loans restructured during period12$3.2 $15.7 $— $52.8 $71.7 
(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.
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
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 December 31, 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:
December 31, 2022
Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate non-owner occupied:
Pass$1,162.6 $861.3 $661.1 $467.6 $241.5 $890.4 $29.2 $4,313.7 
Special mention1.0 6.8 2.3 4.6 — 7.4 — 22.1 
Substandard0.1 13.9 10.8 18.2 19.6 9.8 — 72.4 
Total$1,163.7 $882.0 $674.2 $490.4 $261.1 $907.6 $29.2 $4,408.2 
Commercial real estate owner occupied:
Pass$793.0 $718.7 $533.9 $266.3 $165.8 $551.3 $18.2 $3,047.2 
Special mention10.9 14.2 12.3 6.1 5.6 5.5 1.1 55.7 
Substandard8.4 3.0 2.3 8.9 8.5 17.2 0.5 48.8 
Doubtful0.4 1.4 — — — — — 1.8 
Total$812.7 $737.3 $548.5 $281.3 $179.9 $574.0 $19.8 $3,153.5 
Commercial multi-family:
Pass$369.2 $204.9 $189.0 $52.1 $35.0 $113.7 $1.0 $964.9 
Special mention— — — — — 1.7 — 1.7 
Substandard— — — — — 0.3 — 0.3 
Total$369.2 $204.9 $189.0 $52.1 $35.0 $115.7 $1.0 $966.9 
Land, acquisition and development:
Pass$152.5 $114.4 $29.5 $17.0 $10.9 $28.4 $22.2 $374.9 
Special mention6.7 — — — 0.2 0.3 — 7.2 
Substandard— 0.3 0.2 — — 0.4 — 0.9 
Doubtful— 3.2 — — — — — 3.2 
Total$159.2 $117.9 $29.7 $17.0 $11.1 $29.1 $22.2 $386.2 
Residential construction:
Pass$118.4 $119.9 $0.4 $0.3 $0.4 $5.8 $270.1 $515.3 
Substandard— 0.5 — — — 0.4 — 0.9 
Total$118.4 $120.4 $0.4 $0.3 $0.4 $6.2 $270.1 $516.2 
Commercial construction:
Pass$442.7 $374.8 $89.7 $45.9 $0.4 $— $10.6 $964.1 
Special mention2.3 — 23.1 — — — 11.3 36.7 
Substandard16.8 24.4 — — — — — 41.2 
Total$461.8 $399.2 $112.8 $45.9 $0.4 $— $21.9 $1,042.0 
Agricultural real estate:
Pass$180.0 $172.8 $109.5 $64.8 $46.6 $105.1 $31.4 $710.2 
Special mention22.4 0.7 1.2 2.6 10.0 3.2 11.0 51.1 
Substandard1.8 12.3 3.5 0.6 2.7 11.3 0.1 32.3 
Doubtful— — 1.3 — — — — 1.3 
Total$204.2 $185.8 $115.5 $68.0 $59.3 $119.6 $42.5 $794.9 
Commercial and floor plans:
Pass$501.7 $358.9 $214.4 $124.3 $120.3 $171.1 $631.6 $2,122.3 
Special mention15.9 6.8 1.3 4.4 0.9 4.9 18.5 52.7 
Substandard9.8 3.3 3.7 3.4 3.2 2.1 47.2 72.7 
Doubtful0.3 1.3 — — — — 0.1 1.7 
Total$527.7 $370.3 $219.4 $132.1 $124.4 $178.1 $697.4 $2,249.4 
December 31, 2022
Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial purpose secured by 1-4 family:
Pass$191.7 $134.5 $69.8 $30.4 $29.9 $39.5 $28.9 $524.7 
Special mention0.1 1.2 2.1 0.2 1.4 0.2 — 5.2 
Substandard0.2 0.3 0.1 0.3 0.9 1.2 — 3.0 
Total$192.0 $136.0 $72.0 $30.9 $32.2 $40.9 $28.9 $532.9 
Agricultural:
Pass$127.2 $59.7 $31.8 $10.6 $8.6 $3.1 $375.1 $616.1 
Special mention26.1 2.8 0.4 1.0 0.3 — 26.2 56.8 
Substandard22.8 4.6 2.8 0.6 1.2 0.2 0.8 33.0 
Doubtful— 0.5 — — — — — 0.5 
Total$176.1 $67.6 $35.0 $12.2 $10.1 $3.3 $402.1 $706.4 
December 31, 2021
Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
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 mention0.2 3.1 2.1 — — 3.6 — 9.0 
Substandard3.9 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 mention1.3 3.2 1.5 7.4 3.5 13.8 — 30.7 
Substandard3.8 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 
Substandard0.8 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 
Agricultural real estate:
Pass$58.3 $36.9 $35.1 $22.6 $11.8 $28.1 $4.9 $197.7 
Special mention0.1 1.3 1.2 0.1 0.1 0.9 0.9 4.6 
Substandard4.0 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 
December 31, 2021
Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Commercial and floor plans:
Pass$394.2 $165.7 $94.5 $73.5 $47.1 $91.3 $224.7 $1,091.0 
Special mention0.8 11.4 0.8 0.8 3.0 2.3 7.0 26.1 
Substandard1.3 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 
Substandard1.3 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 mention0.2 4.1 0.1 0.4 0.6 0.3 7.0 12.7 
Substandard4.9 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 Company evaluates the credit quality, loan performance, and the allowance for credit losses of its residential and consumer loan portfolios based primarily on the aging status of the loan and borrower payment activity. Accordingly, loans on nonaccrual status, loans past due 90 days or more and still accruing interest, and loans modified under TDRs are considered nonperforming for purposes of credit quality evaluation. 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:
As of December 31, 2022Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Residential 1-4 family:
Performing$258.9 $490.3 $541.6 $98.0 $32.0 $213.8 $— $1,634.6 
Nonperforming— 0.2 0.1 0.5 0.3 3.7 — 4.8 
Total$258.9 $490.5 $541.7 $98.5 $32.3 $217.5 $— $1,639.4 
Consumer home equity and HELOC:
Performing$23.8 $8.0 $5.2 $5.5 $5.6 $15.2 $482.8 $546.1 
Nonperforming0.6 0.3 0.2 0.2 0.1 1.2 0.2 2.8 
Total$24.4 $8.3 $5.4 $5.7 $5.7 $16.4 $483.0 $548.9 
Consumer indirect:
Performing$380.3 $176.4 $130.0 $59.7 $33.6 $46.3 $— $826.3 
Nonperforming1.0 0.9 0.6 0.3 0.2 0.4 — 3.4 
Total$381.3 $177.3 $130.6 $60.0 $33.8 $46.7 $— $829.7 
Consumer direct and advance line:
Performing$52.6 $31.9 $18.2 $8.5 $6.5 $8.9 $25.8 $152.4 
Nonperforming0.1 0.1 0.1 — — 0.1 0.1 0.5 
Total$52.7 $32.0 $18.3 $8.5 $6.5 $9.0 $25.9 $152.9 
As of December 31, 2021Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
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 
Nonperforming0.3 — 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 
Nonperforming0.5 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 
Nonperforming0.1 — — 0.1 — — — 0.2 
Total$42.6 $27.9 $15.0 $13.4 $5.8 $7.6 $16.9 $129.2 
While the Company considers the performance of the loan portfolio on the allowance for credit losses, for certain credit card loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity of the credit card holder. The following table presents the recorded investment in credit card loans based on payment activity for the periods indicated:
As of December 31, 2022ConsumerCommercialAgriculturalTotal
Credit Card:
Performing$75.4 $100.0 $1.9 $177.3 
Nonperforming0.5 0.3 — 0.8 
Total credit card$75.9 $100.3 $1.9 $178.1 
As of December 31, 2021ConsumerCommercialAgriculturalTotal
Credit Card:
Performing$64.4 $73.1 $1.5 $139.0 
Nonperforming0.5 0.1 — 0.6 
Total credit card$64.9 $73.2 $1.5 $139.6