Loans Held for Investment

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Loans

LOANS HELD FOR INVESTMENT

The following table presents loans by class of receivable and portfolio segment as of the dates indicated:

	2024		2023
Real estate:
Commercial	$	9,263.2	$	8,869.2
Construction	1,244.6		1,826.5
Residential	2,191.6		2,244.3
Agricultural	701.1		716.8
Total real estate	13,400.5		13,656.8
Consumer:
Indirect	725.0		740.9
Direct and advance lines	134.0		141.6
Credit card	77.6		76.5
Total consumer	936.6		959.0
Commercial	2,829.4		2,906.8
Agricultural	687.9		769.4
Other, including overdrafts	1.6		0.1
Loans held for investment	17,856.0		18,292.1
Deferred loan fees and costs	(11.1)		(12.5)
Loans held for investment, net of deferred fees and costs	17,844.9		18,279.6
Allowance for credit losses	(204.1)		(227.7)
Net loans held for investment	$	17,640.8	$	18,051.9

Allowance for Credit Losses

The following tables represent, by loan portfolio segments, the activity in the ACL for loans held for investment:

December 31, 2024	Beginning Balance		Provision for Credit Losses		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate	$	160.1	$	17.7	$	(39.6)	$	1.2	$	139.4
Consumer	13.0		14.3		(15.4)		4.9		16.8
Commercial	50.2		44.3		(59.4)		3.8		38.9
Agricultural	4.4		4.6		(0.3)		0.3		9.0
Total allowance for credit losses	$	227.7	$	80.9	$	(114.7)	$	10.2	$	204.1

December 31, 2023	Beginning Balance		Provision for (reversal of) Credit Loss		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate	138.7		35.2		(18.5)		4.7		160.1
Consumer	23.3		(1.0)		(14.0)		4.7		13.0
Commercial	54.9		(3.9)		(3.4)		2.6		50.2
Agricultural	3.2		0.8		—		0.4		4.4
Total allowance for credit losses	$	220.1	$	31.1	$	(35.9)	$	12.4	$	227.7

December 31, 2022	Beginning Balance		ACL Recorded for PCD Loans		Provision for (reversal of) Credit Loss		Loans Charged-Off(2)		Recoveries Collected		Ending 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 occupied	13.3		9.5		(2.7)		(2.5)		1.9		19.5
Multi-family	13.3		10.9		8.7		(5.7)		0.7		27.9
Total commercial real estate	43.9		37.6		1.8		(11.7)		3.0		74.6
Construction:
Land acquisition & development	0.5		3.4		(0.4)		(2.6)		0.4		1.3
Residential construction	2.4		—		1.1		—		0.1		3.6
Commercial construction	6.0		0.2		31.6		(6.6)		—		31.2
Total construction	8.9		3.6		32.3		(9.2)		0.5		36.1
Residential real estate:
Residential 1-4 family	13.4		0.1		6.9		(0.2)		0.3		20.5
Home equity and HELOC	1.2		—		—		(0.1)		0.5		1.6
Total residential real estate	14.6		0.1		6.9		(0.3)		0.8		22.1
Agricultural real estate	1.9		2.3		1.5		(0.2)		0.4		5.9
Total real estate	69.3		43.6		42.5		(21.4)		4.7		138.7
Consumer:
Indirect	14.3		—		2.7		(4.0)		2.3		15.3
Direct and advance lines	4.6		—		2.2		(3.7)		2.1		5.2
Credit card	2.2		—		2.4		(2.4)		0.6		2.8
Total consumer	21.1		—		7.3		(10.1)		5.0		23.3
Commercial:
Commercial and floor plans	27.1		11.2		15.1		(6.6)		2.2		49.0
Commercial purpose secured by 1-4 family	4.4		0.2		1.2		(0.2)		0.1		5.7
Credit card	0.1		—		1.4		(1.3)		—		0.2
Total commercial	31.6		11.4		17.7		(8.1)		2.3		54.9
Agricultural:
Agricultural	0.3		4.5		0.9		(5.4)		2.9		3.2
Total agricultural	0.3		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 exclude the ACL related to unfunded commitments and investment securities. The allowance for credit losses related to unfunded commitments and investment securities are included in the “Financial Instruments with Off-Balance Sheet Risk” Note and “Investment Securities” Note, respectively.
(2) Loans, or portions thereof, are charged-off against the ACL when management believes the collectability of the principal is unlikely, or, with respect to consumer installment loans, according to an established delinquency schedule.

Collateral-Dependent Loans

A collateral-dependent loan relies substantially on the operation or sale of the collateral securing the loan for repayment. A loan may become collateral-dependent when foreclosure is probable or the borrower is experiencing financial difficulty and its sources of repayment become inadequate over time.

The following tables present the principal balance of collateral-dependent loans by class of receivable as of the dates indicated:

	Collateral Type
As of December 31, 2024	Business Assets		Real Property		Other		Total
Real estate:
Commercial	$	—	$	47.3	$	—	$	47.3
Construction	—		3.2		—		3.2
Residential	—		2.7		—		2.7
Agricultural	—		1.8		—		1.8
Total real estate	—		55.0		—		55.0
Commercial	20.3		1.1		0.8		22.2
Agricultural	—		20.3		0.1		20.4
Total collateral-dependent loans	$	20.3	$	76.4	$	0.9	$	97.6
	Collateral Type
As of December 31, 2023	Business Assets		Real Property		Other		Total
Real estate:
Commercial	$	—	$	26.6	$	—	$	26.6
Construction	—		17.0		—		17.0
Residential	—		0.5		—		0.5
Agricultural	—		1.2		—		1.2
Total real estate	—		45.3		—		45.3
Commercial	4.5		1.4		0.7		6.6
Agricultural	0.7		—		—		0.7
Total collateral-dependent loans	$	5.2	$	46.7	$	0.7	$	52.6

Loans are considered past due if the required principal and interest payments have not been received 30 days or more past the contractual payment due date. 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 principal balance of loans by class of receivable as of the dates indicated:

	30 - 59		60 - 89		90 or more
	Days		Days		Days		Total Loans		Current		Non-accrual		Total
As of December 31, 2024	Past Due		Past Due		Past Due		Past Due		Loans		Loans(1)(2)(3)		Loans
Real estate:
Commercial	$	4.9	$	2.8	$	—	$	7.7	$	9,200.1	$	55.4	$	9,263.2
Construction	3.7		—		—		3.7		1,237.6		3.3		1,244.6
Residential	6.6		2.7		0.4		9.7		2,166.5		15.4		2,191.6
Agricultural	7.6		2.8		—		10.4		685.4		5.3		701.1
Total real estate	22.8		8.3		0.4		31.5		13,289.6		79.4		13,400.5
Consumer:
Indirect	8.4		2.6		0.7		11.7		709.4		3.9		725.0
Direct and advance lines	0.6		0.2		0.3		1.1		132.3		0.6		134.0
Credit card	0.7		0.5		1.0		2.2		75.4		—		77.6
Total consumer	9.7		3.3		2.0		15.0		917.1		4.5		936.6
Commercial	11.2		3.0		0.6		14.8		2,781.1		33.5		2,829.4
Agricultural	2.4		2.8		—		5.2		661.8		20.9		687.9
Other, including overdrafts	—		—		—		—		1.6		—		1.6
Loans held for investment	$	46.1	$	17.4	$	3.0	$	66.5	$	17,651.2	$	138.3	$	17,856.0

	30 - 59		60 - 89		90 or more
	Days		Days		Days		Total Loans		Current		Non-accrual		Total
As of December 31, 2023	Past Due		Past Due		Past Due		Past Due		Loans		Loans(1)(2)(3)		Loans
Real estate:
Commercial	$	12.7	$	6.1	$	—	$	18.8	$	8,822.2	$	28.2	$	8,869.2
Construction	3.1		0.4		—		3.5		1,805.8		17.2		1,826.5
Residential	11.9		3.1		0.6		15.6		2,218.0		10.7		2,244.3
Agricultural	1.8		—		—		1.8		709.6		5.4		716.8
Total real estate	29.5		9.6		0.6		39.7		13,555.6		61.5		13,656.8
Consumer:
Indirect	8.0		2.2		0.4		10.6		727.6		2.7		740.9
Direct and advance lines	0.9		0.2		—		1.1		140.2		0.3		141.6
Credit card	0.7		0.5		0.6		1.8		74.7		—		76.5
Total consumer	9.6		2.9		1.0		13.5		942.5		3.0		959.0
Commercial	14.5		1.1		0.3		15.9		2,879.4		11.5		2,906.8
Agricultural	0.1		—		3.0		3.1		735.9		30.4		769.4
Other, including overdrafts	—		—		—		—		0.1		—		0.1
Loans held for investment	$	53.7	$	13.6	$	4.9	$	72.2	$	18,113.5	$	106.4	$	18,292.1

(1) As of December 31, 2024 and 2023, none of our non-accrual loans were earning interest income. Additionally, $5.5 million and no material interest income was recognized on non-accrual loans at December 31, 2024 and 2023, respectively. There were $4.1 million and $2.7 million in reversals of accrued interest at December 31, 2024 and 2023, respectively.

(2) As of December 31, 2024 and 2023, there were approximately $56.9 million and $33.3 million, respectively, of non-accrual loans for which there was no related ACL, as these loans had sufficient collateral securing the loan for repayment.

(3) As of December 31, 2024, there were approximately $13.5 million, $6.2 million, and $40.5 million of non-accrual loans that were 30-59 days past due, 60-89 days past due, and 90 days or more past due, respectively. As of December 31, 2023, there were approximately $1.8 million, $16.7 million, and $44.2 million of non-accrual loans that were 30-59 days past due, 60-89 days past due, and 90 days or more past due, respectively.

Modifications to Borrowers Experiencing Financial Difficulty

Modifications of loans are made in the ordinary course of business and are completed on a case-by-case basis through negotiation with the borrower in connection with the ongoing loan collection processes. Loan modifications are made to provide payment relief to borrowers experiencing financial difficulty.

From time to time, we may modify certain loans to borrowers who are experiencing financial difficulty. In some cases, these modifications may result in new loans. Loan modifications to borrowers experiencing financial difficulty may be in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, a term extension, or a combination thereof, among other things.

The following table presents the amortized cost basis of loans, by class and by type of modification, at December 31, 2024 and 2023 that were both experiencing financial difficulty and modified during the periods indicated. The percentage of the principal balance of loans that were modified to borrowers in financial distress as compared to the principal balance of each class of receivable is also presented below:

December 31, 2024	Principal Forgiveness		Term Extension		Rate Reduction		Term Extension and Interest Rate Reduction		Total		% of Total Class of Loans Held for Investment (1)
Real estate:
Commercial	$	—	$	26.4	$	—	$	—	$	26.4	0.28	%
Construction	—		1.9		—		—		1.9		0.15
Residential	—		—		—		0.3		0.3		0.01
Agricultural	—		12.0		—		—		12.0		1.71
Total real estate	—		40.3		—		0.3		40.6		0.30
Consumer:
Indirect	—		0.1		—		—		0.1		0.01
Total consumer	—		0.1		—		—		0.1		0.01
Commercial	—		8.9		—		0.6		9.5		0.34
Agricultural	—		20.1		—		—		20.1		2.92
Loans held for investment(2)	$	—	$	69.4	$	—	$	0.9	$	70.3	0.39	%
December 31, 2023
Real estate:
Commercial	$	1.5	$	28.6	$	1.1	$	0.6	$	31.8	0.36	%
Construction	—		13.7		—		—		13.7		0.75
Residential	0.1		0.6		—		—		0.7		0.03
Agricultural	—		6.4		—		—		6.4		0.89
Total real estate	1.6		49.3		1.1		0.6		52.6		0.39
Consumer:
Indirect	—		0.1		—		—		0.1		0.01
Direct and advance lines	—		0.1		—		—		0.1		0.07
Total consumer	—		0.2		—		—		0.2		0.02
Commercial	—		7.4		—		0.2		7.6		0.26
Agricultural	—		36.1		—		—		36.1		4.69
Loans held for investment(2)	$	1.6	$	93.0	$	1.1	$	0.8	$	96.5	0.53	%

(1) Based on the principal balance as of period end, divided by the period end principal balance of the corresponding class of receivables.

(2) As of December 31, 2024 and 2023, the Company excluded $0.2 million and $1.6 million, respectively, in accrued interest from the amortized cost of the identified loans.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023:

						Term Extension and Interest Rate Reduction
December 31, 2024	Principal Forgiveness		Weighted-Average Months of Term Extension	Weighted-Average Interest Rate Reduction		Weighted-Average Months of Term Extension	Weighted-Average Interest Rate Reduction
Real estate:
Commercial	$	—	8.6	—	%	0.0	—	%
Construction	—		4.0	—		0.0	—
Residential	—		0.0	—		31.2	3.43
Agricultural	—		10.4	—		0.0	—
Total real estate	—
Consumer:
Indirect	—		7.0	—		0.0	—
Total consumer	—
Commercial	—		20.2	—		10.0	0.98
Agricultural	—		9.4	—		0.0	—
Loans held for investment (1)	$	—
December 31, 2023
Real estate:
Commercial	$	1.3	5.8	0.35	%	6.0	0.25	%
Construction	—		9.1	—		0.0	—
Residential	0.3		131.6	—		0.0	—
Agricultural	—		4.5	—		0.0	—
Total real estate	1.6
Consumer:
Indirect	—		8.3	—		0.0	—
Direct and advance lines	—		62.1	—		0.0	—
Total consumer	—
Commercial	—		12.2	—		14.6	0.51
Agricultural	—		9.2	—		0.0	—
Loans held for investment (1)	$	1.6

(1) Balances based on loan original contractual terms.

The Company monitors the performance of loan modifications to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. Of the loans that were modified during the twelve-months ended December 31, 2024 and 2023, there were no and $6.7 million of loans classified as past due 30 days or more, respectively, with the remaining loans performing in accordance with the modified terms and classified as current at December 31, 2024 and 2023.

There were no commitments to lend additional funds related to loan modifications to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023.

There were $20.9 million of payment defaults on these loans subsequent to their modifications during the twelve-months ended December 31, 2024 and none in 2023. The Company considers a payment default to occur when the loan is 90 days or more past due or the loan is placed on non-accrual status after the modification. The Company monitors the performance of modified loans on an ongoing basis. In the event of subsequent default, the ACL continues to be reassessed based on an individual evaluation of each loan. The modifications made during the periods presented did not significantly impact the Company’s determination of the ACL.

Credit Quality Indicators

As part of the on-going and continuous monitoring of the credit quality of the Company’s loan portfolio, management tracks internally assigned risk classifications of loans based on relevant information about the ability of borrowers to service their debt. The factors considered by the Company include, among other factors, the borrower’s current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually to classify the credit risk of the loans. This analysis generally includes loans with an outstanding balance greater than $1.0 million, which are generally considered non-homogeneous loans, such as commercial loans and commercial real estate loans. This analysis is performed no less than on an annual basis, depending upon the size of exposure and the contractual obligations governing the borrower’s financial reporting frequency. Homogeneous loans, including small business loans, are typically monitored by payment performance. The Company internally risk rates its loans in accordance with a Uniform Classification System developed jointly by the various bank regulatory agencies. The Uniform Classification System defines three broad categories of criticized assets, which the Company uses as credit quality indicators in addition to the 6 Pass ratings in its 10-point rating scale:

Special Mention — includes loans that exhibit a potential weakness in financial condition, loan structure, or documentation that warrants management’s close attention. If not promptly corrected, the potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard — includes loans that are inadequately protected by the current net worth and paying capacity of the borrower which have well-defined weaknesses that jeopardize the liquidation of the debt. Although the primary source of repayment for a substandard loan may not currently be sufficient, collateral or other sources of repayment are sufficient to satisfy the debt. Continuance of a substandard loan is not warranted unless positive steps are taken to improve the worthiness of the credit.

Doubtful — includes loans that exhibit pronounced weaknesses based on currently existing facts, conditions, and values to a point where collection or liquidation for full repayment is highly questionable and improbable. Doubtful loans are required to be placed on non-accrual status and are assigned specific loss exposure.

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered pass-rated loans. A pass-rated loan can be assets where there is virtually no credit risk, such as cash secured loans with funds on deposit with the Bank. Pass rated loans also include loans that are on our watch lists, where the borrower exhibits potential weaknesses, which may, if not checked or corrected, negatively affect the borrower's financial capacity and threaten their ability to fulfill debt obligations in the future.

The Company evaluates the credit quality and loan performance for the ACL of the following class of receivables by origination year using the origination date or the loan’s subsequent renewal or modification date based on the aforementioned risk scale as of and for the periods ended:

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Commercial real estate:
Pass	$	1,208.5	$	1,340.2	$	1,909.1	$	1,344.1	$	1,069.7	$	1,778.3	$	74.1	$	109.8	$	8,833.8
Special mention	78.4		17.5		15.8		16.1		4.9		79.2		0.6		9.8		222.3
Substandard	81.5		12.1		22.0		37.3		10.2		43.5		0.5		—		207.1
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	1,368.4	$	1,369.8	$	1,946.9	$	1,397.5	$	1,084.8	$	1,901.0	$	75.2	$	119.6	$	9,263.2
Current-period gross charge-offs	0.2		5.7		—		19.4		—		0.1		—		—		25.4
Construction real estate:
Pass	$	438.0	$	233.0	$	320.2	$	76.5	$	17.3	$	20.9	$	124.8	$	1.8	$	1,232.5
Special mention	2.1		—		6.4		—		—		—		—		—		8.5
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	3.6		—		—		—		—		—		—		—		3.6
Total	$	443.7	$	233.0	$	326.6	$	76.5	$	17.3	$	20.9	$	124.8	$	1.8	$	1,244.6
Current-period gross charge-offs	—		—		13.1		—		0.1		—		—		—		13.2
Agricultural real estate:
Pass	$	118.6	$	53.0	$	104.7	$	107.9	$	66.0	$	144.1	$	33.4	$	0.5	$	628.2
Special mention	1.1		0.2		6.8		6.1		8.5		0.7		—		—		23.4
Substandard	12.9		8.2		19.7		3.4		4.4		0.9		—		—		49.5
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	132.6	$	61.4	$	131.2	$	117.4	$	78.9	$	145.7	$	33.4	$	0.5	$	701.1
Current-period gross charge-offs	—		—		—		—		—		—		—		—		—
Commercial:
Pass	$	438.8	$	353.0	$	375.9	$	316.0	$	165.9	$	255.2	$	767.3	$	8.9	$	2,681.0
Special mention	3.9		13.9		3.1		2.2		6.2		0.6		19.1		—		49.0
Substandard	30.8		5.4		12.8		5.5		1.6		3.4		35.2		1.5		96.2
Doubtful	—		1.6		1.1		0.5		—		—		—		—		3.2
Total	$	473.5	$	373.9	$	392.9	$	324.2	$	173.7	$	259.2	$	821.6	$	10.4	$	2,829.4
Current-period gross charge-offs	21.6		2.2		1.1		0.3		0.1		0.1		31.1		2.9		59.4
Agricultural:
Pass	$	109.6	$	34.1	$	39.4	$	16.6	$	13.5	$	5.8	$	379.4	$	1.1	$	599.5
Special mention	4.1		1.4		0.9		0.2		0.9		0.1		5.1		—		12.7
Substandard	4.1		25.9		0.1		—		0.5		—		25.9		0.3		56.8
Doubtful	18.9		—		—		—		—		—		—		—		18.9
Total	$	136.7	$	61.4	$	40.4	$	16.8	$	14.9	$	5.9	$	410.4	$	1.4	$	687.9
Current-period gross charge-offs	—		—		—		0.3		—		—		—		—		0.3

	December 31, 2023
	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Commercial real estate:
Pass	$	1,268.0	$	2,065.0	$	1,612.2	$	1,200.1	$	716.5	$	1,660.5	$	46.5	$	28.1	$	8,596.9
Special mention	4.2		9.1		42.6		12.9		27.5		17.1		0.3		—		113.7
Substandard	65.4		11.8		18.9		2.4		30.1		28.5		0.2		—		157.3
Doubtful	—		—		1.3		—		—		—		—		—		1.3
Total	$	1,337.6	$	2,085.9	$	1,675.0	$	1,215.4	$	774.1	$	1,706.1	$	47.0	$	28.1	$	8,869.2
Current-period gross charge-offs	1.7		0.3		1.7		2.6		—		1.3		—		—		7.6
Construction:
Pass	$	493.7	$	735.3	$	331.2	$	36.7	$	16.8	$	36.2	$	104.4	$	13.7	$	1,768.0
Special mention	0.5		6.6		1.3		—		—		0.2		—		0.9		9.5
Substandard	7.0		4.0		24.4		0.2		—		0.4		—		—		36.0
Doubtful	—		13.0		—		—		—		—		—		—		13.0
Total	$	501.2	$	758.9	$	356.9	$	36.9	$	16.8	$	36.8	$	104.4	$	14.6	$	1,826.5
Current-period gross charge-offs	—		—		0.1		—		0.6		—		—		9.6		10.3
Agricultural real estate:
Pass	$	86.2	$	123.7	$	126.2	$	93.5	$	56.7	$	124.3	$	31.8	$	7.0	$	649.4
Special mention	2.6		9.5		3.5		1.9		1.5		11.3		0.5		—		30.8
Substandard	8.1		20.8		3.6		2.6		0.4		1.1		—		—		36.6
Total	$	96.9	$	154.0	$	133.3	$	98.0	$	58.6	$	136.7	$	32.3	$	7.0	$	716.8
Current-period gross charge-offs	—		—		—		—		—		—		—		—		—
Commercial:
Pass	$	481.6	$	507.7	$	389.8	$	215.1	$	108.7	$	272.9	$	762.3	$	7.6	$	2,745.7
Special mention	7.3		4.7		6.6		3.1		0.9		1.9		14.8		0.2		39.5
Substandard	15.8		19.6		9.0		7.0		1.6		3.0		58.8		0.4		115.2
Doubtful	3.3		1.3		1.6		—		—		0.1		0.1		—		6.4
Total	$	508.0	$	533.3	$	407.0	$	225.2	$	111.2	$	277.9	$	836.0	$	8.2	$	2,906.8
Current-period gross charge-offs	0.2		0.4		0.5		0.5		0.2		0.1		1.4		0.1		3.4
Agricultural:
Pass	$	105.7	$	57.7	$	31.6	$	22.4	$	6.1	$	7.2	$	421.9	$	3.4	$	656.0
Special mention	2.6		0.8		0.5		0.2		0.1		0.1		9.0		3.1		16.4
Substandard	43.8		0.3		2.7		0.7		28.8		2.2		18.5		—		97.0
Total	$	152.1	$	58.8	$	34.8	$	23.3	$	35.0	$	9.5	$	449.4	$	6.5	$	769.4
Current-period gross charge-offs	—		—		—		—		—		—		—		—		—

The Company evaluates the credit quality, loan performance, and the ACL 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 are considered nonperforming for purposes of credit quality evaluation. 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:

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Residential:
Performing	$	22.6	$	73.8	$	409.1	$	487.3	$	440.2	$	252.5	$	477.8	$	12.5	$	2,175.8
Nonperforming	1.3		1.5		4.9		2.1		1.1		4.9		—		—		15.8
Total	$	23.9	$	75.3	$	414.0	$	489.4	$	441.3	$	257.4	$	477.8	$	12.5	$	2,191.6
Current-period gross charge-offs	—		0.2		0.2		0.1		0.3		0.2		—		—		1.0
Consumer indirect:
Performing	$	266.8	$	127.2	$	167.5	$	68.9	$	44.4	$	45.6	$	—	$	—	$	720.4
Nonperforming	0.9		1.1		1.1		0.6		0.4		0.5		—		—		4.6
Total	$	267.7	$	128.3	$	168.6	$	69.5	$	44.8	$	46.1	$	—	$	—	$	725.0
Current-period gross charge-offs	0.5		2.0		3.4		1.1		0.4		1.1		—		—		8.5
Consumer direct and advance lines:
Performing	$	46.5	$	25.4	$	18.5	$	10.0	$	4.2	$	5.2	$	23.2	$	0.1	$	133.1
Nonperforming	0.4		0.1		0.2		0.1		—		0.1		—		—		0.9
Total	$	46.9	$	25.5	$	18.7	$	10.1	$	4.2	$	5.3	$	23.2	$	0.1	$	134.0
Current-period gross charge-offs	0.2		0.6		0.9		0.2		—		1.8		0.1		0.1		3.9
Consumer credit card:
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	76.6	$	—	$	76.6
Nonperforming	—		—		—		—		—		—		1.0		—		1.0
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	77.6	$	—	$	77.6
Current-period gross charge-offs	—		—		—		—		—		—		3.0		—		3.0

	December 31, 2023
	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Residential:
Performing	$	44.7	$	356.9	$	521.3	$	500.6	$	88.5	$	217.1	$	471.8	$	32.1	$	2,233.0
Nonperforming	1.1		2.1		1.2		1.1		0.7		5.1		—		—		11.3
Total	$	45.8	$	359.0	$	522.5	$	501.7	$	89.2	$	222.2	$	471.8	$	32.1	$	2,244.3
Current-period gross charge-offs	0.3		—		0.1		0.1		—		0.1		—		—		0.6
Consumer indirect:
Performing	$	194.9	$	264.7	$	115.4	$	81.1	$	32.9	$	48.8	$	—	$	—	$	737.8
Nonperforming	0.4		0.9		0.6		0.4		0.2		0.6		—		—		3.1
Total	$	195.3	$	265.6	$	116.0	$	81.5	$	33.1	$	49.4	$	—	$	—	$	740.9
Current-period gross charge-offs	0.5		3.2		1.8		0.8		0.3		0.7		—		—		7.3
Consumer direct and advance lines:
Performing	$	44.5	$	32.9	$	18.5	$	9.4	$	3.6	$	6.0	$	26.2	$	0.2	$	141.3
Nonperforming	0.1		0.1		0.1		—		—		—		—		—		0.3
Total	$	44.6	$	33.0	$	18.6	$	9.4	$	3.6	$	6.0	$	26.2	$	0.2	$	141.6
Current-period gross charge-offs	0.2		0.5		0.2		0.4		0.1		2.6		0.1		—		4.1
Consumer credit card:
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	75.9	$	—	$	75.9
Nonperforming	—		—		—		—		—		—		0.6		—		0.6
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	76.5	$	—	$	76.5
Current-period gross charge-offs	—		—		—		—		—		—		2.6		—		2.6

In the normal course of business, there were no material purchases of portfolio loans and no material sales of loans held for investment during the periods ended December 31, 2024 or 2023.