Loans Held for Sale

9 Months Ended

Sep. 30, 2024

Loans Held for Sale [Abstract]

Loans Held for Sale

The following table presents loans held for sale by class of receivable for the dates indicated:

	September 30, 2024		December 31, 2023
Loans held for sale:
Agricultural, at lower of cost or market	$	18.8	$	19.6
Commercial real estate, at lower of cost or market	—		27.3
Residential mortgage, at fair value	2.1		0.5
Total loans held for sale	$	20.9	$	47.4

The table below presents the non-residential mortgage loans held for sale activity for the 2024 period:

	Agricultural		Commercial Real Estate
Beginning balance as of December 31, 2023	$	19.6	$	27.3
Repayments	(0.8)		—
Loan disposals	—		(27.3)
Ending balance as of September 30, 2024	$	18.8	$	—

As of September 30, 2024, loans held for sale included nonaccrual agricultural loans of $18.8 million. As of December 31, 2023, loans held for sale included a nonaccrual commercial real estate loan of $27.3 million.