Loans Held for Investment (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of Loans by Class

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

	March 31, 2023		December 31, 2022
Real estate loans:
Commercial	$	8,680.8	$	8,528.6
Construction loans:
Land acquisition & development	368.5		386.2
Residential	471.4		516.2
Commercial	1,053.1		1,042.0
Total construction loans	1,893.0		1,944.4
Residential	2,191.1		2,188.3
Agricultural	769.7		794.9
Total real estate loans	13,534.6		13,456.2
Consumer loans:
Indirect	817.3		829.7
Direct and advance lines	146.9		152.9
Credit card	71.5		75.9
Total consumer loans	1,035.7		1,058.5
Commercial	3,028.0		2,882.6
Agricultural	660.4		708.3
Other, including overdrafts	1.6		9.2
Loans held for investment	18,260.3		18,114.8
Deferred loan fees and costs	(14.6)		(15.6)
Loans held for investment, net of deferred fees and costs	18,245.7		18,099.2
Allowance for credit losses	(226.1)		(220.1)
Net loans held for investment	$	18,019.6	$	17,879.1

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 March 31, 2023	Beginning Balance		Provision for (reversal of) Credit Losses		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate:
Commercial real estate:
Non-owner occupied	$	27.2	$	1.3	$	(2.5)	$	—	$	26.0
Owner occupied	19.5		(0.2)		(1.8)		0.1		17.6
Multi-family	27.9		7.1		—		—		35.0
Total commercial real estate	74.6		8.2		(4.3)		0.1		78.6
Construction:
Land acquisition & development	1.3		0.3		—		—		1.6
Residential construction	3.6		0.1		—		—		3.7
Commercial construction	31.2		5.9		—		—		37.1
Total construction	36.1		6.3		—		—		42.4
Residential real estate:
Residential 1-4 family	20.5		(0.2)		(0.1)		—		20.2
Home equity and HELOC	1.6		0.3		(0.4)		—		1.5
Total residential real estate	22.1		0.1		(0.5)		—		21.7
Agricultural real estate	5.9		(1.2)		—		0.1		4.8
Total real estate	138.7		13.4		(4.8)		0.2		147.5
Consumer:
Indirect	15.3		0.6		(1.8)		0.7		14.8
Direct and advance lines	5.2		0.1		(1.1)		0.3		4.5
Credit card	2.8		—		(0.5)		0.2		2.5
Total consumer	23.3		0.7		(3.4)		1.2		21.8
Commercial:
Commercial and floor plans	49.0		(0.8)		(0.6)		0.9		48.5
Commercial purpose secured by 1-4 family	5.7		(0.2)		—		0.1		5.6
Credit card	0.2		0.2		(0.1)		—		0.3
Total commercial	54.9		(0.8)		(0.7)		1.0		54.4
Agricultural:
Agricultural	3.2		(1.1)		—		0.3		2.4
Total agricultural	3.2		(1.1)		—		0.3		2.4
Total allowance for credit losses	$	220.1	$	12.2	$	(8.9)	$	2.7	$	226.1

Three Months Ended March 31, 2022	Beginning Balance		ACL Recorded for PCD Loans		Provision for (reversal of) Credit Losses		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate:
Commercial real estate:
Non-owner occupied	$	17.3	$	24.1	$	6.7	$	(2.9)	$	—	$	45.2
Owner occupied	13.3		9.5		4.6		(2.2)		—		25.2
Multi-family	13.3		29.9		11.4		—		—		54.6
Total commercial real estate	43.9		63.5		22.7		(5.1)		—		125.0
Construction:
Land acquisition & development	0.5		3.4		(0.8)		(2.7)		0.1		0.5
Residential construction	2.4		—		0.9		—		—		3.3
Commercial construction	6.0		0.2		4.0		—		—		10.2
Total construction	8.9		3.6		4.1		(2.7)		0.1		14.0
Residential real estate:
Residential 1-4 family	13.4		0.1		5.2		(0.1)		0.1		18.7
Home equity and HELOC	1.2		—		0.1		—		0.1		1.4
Total residential real estate	14.6		0.1		5.3		(0.1)		0.2		20.1
Agricultural real estate	1.9		2.3		6.4		(0.1)		—		10.5
Total real estate	69.3		69.5		38.5		(8.0)		0.3		169.6
Consumer:
Indirect	14.3		—		(0.3)		(0.9)		0.4		13.5
Direct and advance lines	4.6		—		(0.1)		(0.8)		0.9		4.6
Credit card	2.2		—		0.6		(0.6)		0.1		2.3
Total consumer	21.1		—		0.2		(2.3)		1.4		20.4
Commercial:
Commercial and floor plans	27.1		11.2		18.4		(4.2)		0.4		52.9
Commercial purpose secured by 1-4 family	4.4		0.2		0.4		—		—		5.0
Credit card	0.1		—		0.3		(0.1)		—		0.3
Total commercial	31.6		11.4		19.1		(4.3)		0.4		58.2
Agricultural:
Agricultural	0.3		3.4		(0.5)		(5.3)		1.1		(1.0)
Total agricultural	0.3		3.4		(0.5)		(5.3)		1.1		(1.0)
Total allowance for credit losses	$	122.3	$	84.3	$	57.3	$	(19.9)	$	3.2	$	247.2
(1) Amounts presented exclude the allowance for credit losses related to unfunded commitments and investment securities. 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, respectively.
(2) Loans, or portions thereof, are charged-off against the allowance for credit losses when management believes the collectability of the principal is unlikely, or, with respect to consumer installment loans, according to an established delinquency schedule.

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 March 31, 2023	Business Assets		Real Property		Total
Commercial real estate non-owner occupied	$	1.6	$	12.2	$	13.8
Commercial real estate owner occupied	—		12.1		12.1
Commercial construction real estate	—		17.9		17.9
Residential construction real estate	—		0.5		0.5
Residential 1-4 family	—		0.5		0.5
Agricultural real estate	—		4.6		4.6
Commercial and floor plans	5.4		2.1		7.5
Agricultural	2.1		0.5		2.6
Total collateral-dependent loans	$	9.1	$	50.4	$	59.5

	Collateral Type
As of December 31, 2022	Business Assets		Real Property		Total
Commercial real estate non-owner occupied	$	1.7	$	2.7	$	4.4
Commercial real estate owner occupied	—		13.0		13.0
Land, acquisition and development construction real estate	—		3.2		3.2
Residential 1-4 family	—		0.5		0.5
Agricultural real estate	0.2		5.9		6.1
Commercial and floor plans	3.1		1.5		4.6
Agricultural	2.1		5.2		7.3
Total collateral-dependent loans	$	7.1	$	32.0	$	39.1

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 90 days or more 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 or more		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of March 31, 2023	Past Due		Past Due		Past Due		Past Due		Loans		Loans (1)		Loans
Real estate
Commercial	$	10.2	$	1.6	$	0.2	$	12.0	$	8,640.6	$	28.2	$	8,680.8
Construction:
Land acquisition & development	3.2		0.1		0.2		3.5		364.5		0.5		368.5
Residential	0.4		—		—		0.4		470.5		0.5		471.4
Commercial	0.6		—		—		0.6		1,034.7		17.8		1,053.1
Total construction loans	4.2		0.1		0.2		4.5		1,869.7		18.8		1,893.0
Residential	6.1		0.5		0.4		7.0		2,177.1		7.0		2,191.1
Agricultural	7.2		—		0.3		7.5		756.3		5.9		769.7
Total real estate loans	27.7		2.2		1.1		31.0		13,443.7		59.9		13,534.6
Consumer:
Indirect consumer	6.1		1.6		0.4		8.1		806.5		2.7		817.3
Other consumer	0.7		0.3		0.1		1.1		145.6		0.2		146.9
Credit card	0.5		0.4		0.6		1.5		70.0		—		71.5
Total consumer loans	7.3		2.3		1.1		10.7		1,022.1		2.9		1,035.7
Commercial	9.4		2.6		1.9		13.9		3,001.3		12.8		3,028.0
Agricultural	0.1		0.7		0.4		1.2		654.0		5.2		660.4
Other, including overdrafts	—		—		—		—		1.6		—		1.6
Loans held for investment	$	44.5	$	7.8	$	4.5	$	56.8	$	18,122.7	$	80.8	$	18,260.3

							Total Loans
	30 - 59		60 - 89		90 or more		30 or More
	Days		Days		Days		Days		Current		Non-accrual		Total
As of December 31, 2022	Past Due		Past Due		Past Due		Past Due		Loans		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 & development	1.8		—		0.6		2.4		380.1		3.7		386.2
Residential	1.1		—		—		1.1		515.1		—		516.2
Commercial	7.5		0.6		—		8.1		1,033.9		—		1,042.0
Total construction loans	10.4		0.6		0.6		11.6		1,929.1		3.7		1,944.4
Residential	9.9		2.1		1.2		13.2		2,168.7		6.4		2,188.3
Agricultural	1.1		6.1		—		7.2		780.1		7.6		794.9
Total real estate loans	27.0		9.6		2.9		39.5		13,379.4		37.3		13,456.2
Consumer:
Indirect consumer	9.3		2.4		0.6		12.3		814.7		2.7		829.7
Other consumer	0.8		0.3		0.1		1.2		151.4		0.3		152.9
Credit card	0.8		0.4		0.6		1.8		74.1		—		75.9
Total consumer loans	10.9		3.1		1.3		15.3		1,040.2		3.0		1,058.5
Commercial	7.1		1.7		2.1		10.9		2,861.5		10.2		2,882.6
Agricultural	0.8		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

(1) As of March 31, 2023 and December 31, 2022, none of our non-accrual loans were earning interest income. Additionally, no material interest income was recognized on non-accrual loans during the three months ended March 31, 2023 and 2022, respectively. There were $0.3 million and $1.0 million reversals of accrued interest at March 31, 2023 and March 31, 2022. respectively.

Financing Receivable, Excluding Accrued Interest, Modified Period

The following table presents the amortized cost basis of loans at March 31, 2023 that were both experiencing financial difficulty and modified during the three months ended March 31, 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:

	Principal Forgiveness		Term Extension		Total		% of Total Class of Loans Held for Investment (1)
Commercial real estate non-owner occupied	$	—	$	2.4	$	2.4	0.1	%
Commercial real estate owner occupied	1.6		1.3		2.9		0.1	%
Land acquisition & development construction real estate	—		0.2		0.2		0.1
Home equity and HELOC residential real estate	0.1		—		0.1		—
Agricultural real estate	—		1.2		1.2		0.2
Commercial and floor plans	—		2.0		2.0		0.1
Commercial purpose 1-4 family	—		0.6		0.6		0.1
Agricultural	—		17.8		17.8		2.7
Loans held for investment (2)	$	1.7	$	25.5	$	27.2	0.2	%

(1) Based on the amortized cost basis as of period end, divided by the period end amortized cost basis of the corresponding class of finance receivables.

(2) As of March 31, 2023, the Company excluded $0.3 million in accrued interest from the amortized cost of the identified loans.

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 February 1, 2022, or the date of the acquisition, with the purchase price (or initial fair value of the loans) as amended for measurement period adjustments:

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 PCD loans acquired from GWB 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 losses of the following class of loans based on the aforementioned risk scale for the periods indicated:

	March 31, 2023
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial real estate non-owner occupied:
Pass	$	239.8	$	1,188.9	$	790.1	$	604.9	$	435.3	$	1,094.1	$	29.3	$	4,382.4
Special mention	—		—		1.3		1.4		14.1		10.4		—		27.2
Substandard	—		5.2		18.0		8.0		20.9		12.1		—		64.2
Total	$	239.8	$	1,194.1	$	809.4	$	614.3	$	470.3	$	1,116.6	$	29.3	$	4,473.8
Current-period gross charge-offs	—		—		—		2.2		—		0.3		—		2.5
Commercial real estate owner occupied:
Pass	$	124.7	$	745.9	$	677.9	$	479.2	$	245.6	$	591.0	$	11.4	$	2,875.7
Special mention	2.0		4.8		14.4		13.0		6.1		21.2		3.0		64.5
Substandard	0.7		9.1		10.1		1.1		8.6		19.6		0.6		49.8
Doubtful	—		0.3		1.4		—		—		—		—		1.7
Total	$	127.4	$	760.1	$	703.8	$	493.3	$	260.3	$	631.8	$	15.0	$	2,991.7
Current-period gross charge-offs	—		0.1		1.7		—		—		—		—		1.8

	March 31, 2023
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial multi-family:
Pass	$	64.2	$	413.2	$	254.6	$	234.0	$	88.5	$	156.9	$	1.5	$	1,212.9
Special mention	—		0.4		—		—		—		1.7		—		2.1
Substandard	—		—		—		—		—		0.3		—		0.3
Total	$	64.2	$	413.6	$	254.6	$	234.0	$	88.5	$	158.9	$	1.5	$	1,215.3
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Land, acquisition and development:
Pass	$	36.0	$	145.5	$	93.1	$	33.7	$	12.1	$	29.3	$	9.4	$	359.1
Special mention	—		6.7		0.1		—		—		0.3		—		7.1
Substandard	—		—		0.2		0.2		1.6		0.3		—		2.3
Total	$	36.0	$	152.2	$	93.4	$	33.9	$	13.7	$	29.9	$	9.4	$	368.5
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Residential construction:
Pass	$	13.8	$	107.3	$	92.2	$	0.4	$	0.2	$	6.1	$	250.5	$	470.5
Substandard	—		—		0.5		—		—		0.4		—		0.9
Total	$	13.8	$	107.3	$	92.7	$	0.4	$	0.2	$	6.5	$	250.5	$	471.4
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Commercial construction:
Pass	$	60.2	$	432.9	$	370.9	$	77.6	$	8.2	$	—	$	22.4	$	972.2
Special mention	—		4.6		—		23.1		—		—		13.7		41.4
Substandard	—		1.2		24.4		—		—		—		—		25.6
Doubtful	—		13.9		—		—		—		—		—		13.9
Total	$	60.2	$	452.6	$	395.3	$	100.7	$	8.2	$	—	$	36.1	$	1,053.1
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Agricultural real estate:
Pass	$	16.4	$	168.5	$	166.7	$	105.2	$	61.9	$	143.6	$	31.4	$	693.7
Special mention	0.1		0.9		0.3		1.8		1.8		14.6		9.7		29.2
Substandard	6.1		19.8		5.5		1.6		0.5		12.2		0.1		45.8
Doubtful	—		—		—		1.0		—		—		—		1.0
Total	$	22.6	$	189.2	$	172.5	$	109.6	$	64.2	$	170.4	$	41.2	$	769.7
Current-period gross charge-offs	—		—		—		—		—		—		—		—

	March 31, 2023
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and floor plans:
Pass	$	152.5	$	458.7	$	315.9	$	197.1	$	109.9	$	297.7	$	700.4	$	2,232.2
Special mention	0.6		8.0		11.8		1.3		1.2		2.7		29.0		54.6
Substandard	4.1		15.0		6.1		2.4		4.1		2.9		46.8		81.4
Doubtful	—		2.3		1.2		—		—		—		2.6		6.1
Total	$	157.2	$	484.0	$	335.0	$	200.8	$	115.2	$	303.3	$	778.8	$	2,374.3
Current-period gross charge-offs	—		0.1		0.1		0.1		0.1		0.2		—		0.6
Commercial purpose secured by 1-4 family:
Pass	$	35.2	$	186.0	$	129.2	$	64.3	$	29.3	$	68.0	$	27.7	$	539.7
Special mention	0.6		0.1		1.1		3.2		0.2		0.8		—		6.0
Substandard	0.2		0.2		0.3		0.1		0.3		1.9		—		3.0
Total	$	36.0	$	186.3	$	130.6	$	67.6	$	29.8	$	70.7	$	27.7	$	548.7
Current-period gross charge-offs	—		—		—		—		—		—		—		—
Agricultural:
Pass	$	24.5	$	109.6	$	53.2	$	28.5	$	8.8	$	9.1	$	342.0	$	575.7
Special mention	0.4		0.6		1.0		0.5		0.5		0.1		8.1		11.2
Substandard	3.1		46.3		1.5		2.5		0.5		1.1		16.6		71.6
Total	$	28.0	$	156.5	$	55.7	$	31.5	$	9.8	$	10.3	$	366.7	$	658.5
Current-period gross charge-offs	—		—		—		—		—		—		—		—

	December 31, 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	$	1,162.6	$	861.3	$	661.1	$	467.6	$	241.5	$	890.4	$	29.2	$	4,313.7
Special mention	1.0		6.8		2.3		4.6		—		7.4		—		22.1
Substandard	0.1		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 mention	10.9		14.2		12.3		6.1		5.6		5.5		1.1		55.7
Substandard	8.4		3.0		2.3		8.9		8.5		17.2		0.5		48.8
Doubtful	0.4		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

	December 31, 2022
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Land, acquisition and development:
Pass	$	152.5	$	114.4	$	29.5	$	17.0	$	10.9	$	28.4	$	22.2	$	374.9
Special mention	6.7		—		—		—		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 mention	2.3		—		23.1		—		—		—		11.3		36.7
Substandard	16.8		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 mention	22.4		0.7		1.2		2.6		10.0		3.2		11.0		51.1
Substandard	1.8		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 mention	15.9		6.8		1.3		4.4		0.9		4.9		18.5		52.7
Substandard	9.8		3.3		3.7		3.4		3.2		2.1		47.2		72.7
Doubtful	0.3		1.3		—		—		—		—		0.1		1.7
Total	$	527.7	$	370.3	$	219.4	$	132.1	$	124.4	$	178.1	$	697.4	$	2,249.4
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 mention	0.1		1.2		2.1		0.2		1.4		0.2		—		5.2
Substandard	0.2		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 mention	26.1		2.8		0.4		1.0		0.3		—		26.2		56.8
Substandard	22.8		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

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

	March 31, 2023
	Term Loans Amortized Cost Basis by Origination Year
Risk by Collateral	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential 1-4 family:
Performing	$	13.3	$	266.1	$	508.2	$	532.9	$	95.2	$	232.5	$	—	$	1,648.2
Nonperforming	—		—		0.3		0.1		0.4		3.6		—		4.4
Total	$	13.3	$	266.1	$	508.5	$	533.0	$	95.6	$	236.1	$	—	$	1,652.6
Current-period gross charge-offs	—		—		—		—		—		0.1		—		0.1
Consumer home equity and HELOC:
Performing	$	4.7	$	22.9	$	7.0	$	4.6	$	5.2	$	18.7	$	472.3	$	535.4
Nonperforming	0.1		0.6		0.5		0.2		0.2		1.3		0.2		3.1
Total	$	4.8	$	23.5	$	7.5	$	4.8	$	5.4	$	20.0	$	472.5	$	538.5
Current-period gross charge-offs	0.3		—		—		0.1		—		—		—		0.4
Consumer indirect:
Performing	$	63.4	$	352.8	$	159.2	$	116.4	$	52.1	$	70.3	$	—	$	814.2
Nonperforming	—		0.8		1.1		0.5		0.2		0.5		—		3.1
Total	$	63.4	$	353.6	$	160.3	$	116.9	$	52.3	$	70.8	$	—	$	817.3
Current-period gross charge-offs	—		0.9		0.6		0.2		—		0.1		—		1.8
Consumer direct and advance line:
Performing	$	11.2	$	47.4	$	28.0	$	15.6	$	7.2	$	13.2	$	23.9	$	146.5
Nonperforming	—		0.1		0.1		0.1		—		0.1		—		0.4
Total	$	11.2	$	47.5	$	28.1	$	15.7	$	7.2	$	13.3	$	23.9	$	146.9
Current-period gross charge-offs	—		0.2		0.1		—		—		0.7		0.1		1.1

	December 31, 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	$	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
Nonperforming	0.6		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
Nonperforming	1.0		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
Nonperforming	0.1		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

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

As of March 31, 2023	Consumer		Commercial		Agricultural		Total
Credit Card:
Performing	$	70.9	$	104.6	$	1.9	$	177.4
Nonperforming	0.6		0.4		—		1.0
Total credit card	$	71.5	$	105.0	$	1.9	$	178.4
Current-period gross charge-offs	$	0.5	$	0.1	$	—	$	0.6

As of December 31, 2022	Consumer		Commercial		Agricultural		Total
Credit Card:
Performing	$	75.4	$	100.0	$	1.9	$	177.3
Nonperforming	0.5		0.3		—		0.8
Total credit card	$	75.9	$	100.3	$	1.9	$	178.1

Financial Receivable, Excluding Accrued Interest, Modified Period, Financial Difficulty

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the three months ended March 31, 2023:

	Principal Forgiveness		Weighted-Average Months of Term Extension
Commercial real estate non-owner occupied	$	—	4.0
Commercial real estate owner occupied	1.3		9.7
Land acquisition & development construction real estate	—		12.4
Home equity and HELOC residential real estate	0.3		37.6
Agricultural real estate	—		7.2
Commercial and floor plans	—		11.5
Commercial purpose 1-4 family	—		8.7
Agricultural	—		9.3
Loans held for investment (1)	$	1.6

(1) Balances based on loan original contractual terms.