Loans Held for Investment and Allowance for Credit Losses | Note 3 – Loans Held-for-Investment In conjunction with the adoption of ASC 326, the Company expanded its four loan portfolios into ten portfolio segments. For the periods ended March 31, 2021 and December 31, 2020, the following tables outline the Company’s loan portfolio by the ten portfolio segments where applicable. For disclosures related to the period ended March 31, 2020, management has elected to maintain its previously disclosed loan segments. Loans held-for-investment March 31, December 31, 2021 2020 2020 Commercial: C&I $ 1,178,126 $ N/A $ 1,131,382 Municipal 176,949 N/A 181,325 Total Commercial 1,355,075 869,450 1,312,707 Agricultural 90,366 99,582 94,864 Real Estate: Construction & Development 587,928 N/A 553,959 Farm 162,046 N/A 152,237 Non-Owner 650,144 N/A 617,686 Owner Occupied CRE 759,906 N/A 746,974 Residential 1,254,727 N/A 1,248,409 Total Real Estate 3,414,751 3,249,249 3,319,265 Consumer: Auto 370,027 N/A 353,595 Non-Auto 92,343 N/A 90,602 Total Consumer 462,370 421,108 444,197 Total Loans 5,322,562 4,639,389 5,171,033 Less: Allowance for credit losses (62,974 ) (60,440 ) (66,534 ) Loans, net $ 5,259,588 $ 4,578,949 $ 5,104,499 Outstanding loan balances at March 31, 2021 and 2020, and December 31, 2020, are net of unearned income, including net deferred loan fees. Our subsidiary bank has established a line of credit with the Federal Home Loan Bank of Dallas (“FHLB”) to provide liquidity and meet pledging requirements for those customers eligible to have securities pledged to secure certain uninsured deposits. At March 31, 2021, $3,252,192,000 in loans held by our bank subsidiary were subject to blanket liens as security for this line of credit. At March 31, 2021, there was no balance outstanding under this line of credit. The Company’s nonaccrual loans, loans still accruing and past due 90 days or more and restructured loans are as follows (in thousands): March 31, December 31, 2021 2020 2020 Non-accrual $ 39,333 $ 39,226 $ 42,619 Loans still accruing and past due 90 days or more 2 209 113 Troubled debt restructured loans still accruing* 23 26 24 Total $ 39,358 $ 39,461 $ 42,756 * Troubled debt restructured loans of $ 6,619,000 4,733,000 7,407,000 The Company had $39,658,000, $40,444,000 and $42,898,000 in non-accrual, Non-accrual March 31, December 31, 2021 2020 2020 Commercial: C&I $ 4,709 $ N/A $ 5,015 Municipal — N/A — Total Commercial 4,709 5,620 5,015 Agricultural 1,068 1,128 1,076 Real Estate: Construction & Development 1,296 N/A 3,838 Farm 6,859 N/A 7,299 Non-Owner 7,088 N/A 5,243 Owner Occupied CRE 9,557 N/A 10,797 Residential 8,364 N/A 8,851 Total Real Estate 33,164 32,156 36,028 Consumer: Auto 317 N/A 407 Non-Auto 75 N/A 93 Total Consumer 392 322 500 Total $ 39,333 $ 39,226 $ 42,619 No Summary information on the allowance for credit losses for the three-months ended March 31, 2021 and 2020, are outlined by portfolio segment in the following tables (in thousands): March 31, 2021 C&I Municipal Agricultural Construction & Farm Beginning balance $ 13,609 $ 1,552 $ 1,255 $ 13,512 $ 1,876 Provision for loan losses (1,239 ) 639 721 (268 ) (662 ) Recoveries 223 — 9 2 9 Charge-offs (270 ) — — — — Ending balance $ 12,323 $ 2,191 $ 1,985 $ 13,246 $ 1,223 March 31, 2021 (continued) Non-Owner Owner Residential Auto Non-Auto Total Beginning balance $ 8,391 $ 12,347 $ 12,601 $ 1,020 $ 371 $ 66,534 Provision for loan losses 1,052 (2,467 ) (1,384 ) 141 38 (3,429 ) Recoveries 55 6 19 73 47 443 Charge-offs (6 ) (8 ) (47 ) (166 ) (77 ) (574 ) Ending balance $ 9,492 $ 9,878 $ 11,189 $ 1,068 $ 379 $ 62,974 March 31, 2020 Commercial Agricultural Real Estate Consumer Total Beginning balance $ 12,122 $ 1,206 $ 33,974 $ 5,197 $ 52,499 Provision for loan losses 794 949 7,921 186 9,850 Recoveries 149 1 76 92 318 Charge-offs (1,292 ) (2 ) (715 ) (218 ) (2,227 ) Ending balance $ 11,773 $ 2,154 $ 41,256 $ 5,257 $ 60,440 Additionally, the Company records a reserve for unfunded commitments in other liabilities which totaled $6,918,000, $809,000 and $5,486,000 at March 31, 2021 and 2020, and December 31, 2020, respectively. The reversal of provision for credit losses of $ 1,997,000 3,429,000 1,432,000 The Company’s loans that are individually evaluated for credit losses (both collateral and non-collateral March 31, 2021 Collateral Collateral Non-Collateral Total Loans Related Related Non-Collateral Total Commercial: C&I $ 1,806 $ 2,903 $ 14,580 $ 19,289 $ 777 $ 3,104 $ 3,881 Municipal — — 9,777 9,777 — 1,536 1,536 Total Commercial 1,806 2,903 24,357 29,066 777 4,640 5,417 Agricultural 457 612 5,790 6,859 170 1,620 1,790 Real Estate: Construction & Development 1,124 171 11,202 12,497 12 868 880 Farm 2,241 4,618 3,436 10,295 590 81 671 Non-Owner 6,045 1,043 32,299 39,387 226 3,109 3,335 Owner Occupied CRE 6,081 3,476 45,893 55,450 599 3,000 3,599 Residential 4,210 4,154 26,331 34,695 577 2,297 2,874 Total Real Estate 19,701 13,462 119,161 152,324 2,004 9,355 11,359 Consumer: Auto — 317 1,399 1,716 1 4 5 Non-Auto — 75 376 451 — 2 2 Total Consumer — 392 1,775 2,167 1 6 7 Total $ 21,964 $ 17,369 $ 151,083 $ 190,416 $ 2,952 $ 15,621 $ 18,573 December 31, 2020 Collateral Collateral Non-Collateral Total Loans Related Related Non-Collateral Total Commercial: C&I $ 1,544 $ 3,471 $ 25,629 $ 30,644 $ 799 $ 4,592 $ 5,391 Municipal — — 9,439 9,439 — 1,435 1,435 Total Commercial 1,544 3,471 35,068 40,083 799 6,027 6,826 Agricultural 470 606 5,572 6,648 96 886 982 Real Estate: Construction & Development 1,176 2,661 11,368 15,205 35 617 652 Farm 2,614 4,685 3,349 10,648 654 658 1,312 Non-Owner 4,009 1,234 17,383 22,626 500 1,421 1,921 Owner Occupied CRE 7,279 3,518 51,933 62,730 657 5,172 5,829 Residential 4,347 4,504 28,196 37,047 676 2,431 3,107 Total Real Estate 19,425 16,602 112,229 148,256 2,522 10,299 12,821 Consumer: Auto — 407 1,523 1,930 1 5 6 Non-Auto — 94 440 534 1 1 2 Total Consumer — 501 1,963 2,464 2 6 8 Total $ 21,439 $ 21,180 $ 154,832 $ 197,451 $ 3,419 $ 17,218 $ 20,637 The following table presents the recorded investment with respect to impaired loans, the associated allowance by the applicable portfolio segment and the unpaid contractual principal balance of the impaired loans at March 31, 2020, in accordance with the legacy “incurred loss” methodology disclosure requirements (in thousands): March 31, 2020 Unpaid Recorded Recorded Total Related Three-Month Commercial $ 7,300 $ 992 $ 4,628 $ 5,620 $ 1,271 $ 6,409 Agricultural 1,340 632 496 1,128 98 1,200 Real Estate 44,208 9,496 22,660 32,156 2,016 36,683 Consumer 436 — 322 322 1 342 Total $ 53,284 $ 11,120 $ 28,106 $ 39,226 $ 3,386 $ 44,634 The Company’s allowance for loans that are individually evaluated for credit losses and collectively evaluated for credit losses as of March 31, 2021 and December 31, 2020, are summarized in the following table by loan segment (in thousands). Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. March 31, 2021 C&I Municipal Agricultural Construction Farm Loans individually evaluated for credit losses $ 3,881 $ 1,536 $ 1,790 $ 880 $ 671 Loans collectively evaluated for credit losses 8,442 655 195 12,366 552 Total $ 12,323 $ 2,191 $ 1,985 $ 13,246 $ 1,223 March 31, 2021 (continued) Non-Owner Owner Residential Auto Non-Auto Total Loans individually evaluated for credit losses $ 3,335 $ 3,599 $ 2,874 $ 5 $ 2 $ 18,573 Loans collectively evaluated for credit losses 6,157 6,279 8,315 1,063 377 44,401 Total $ 9,492 $ 9,878 $ 11,189 $ 1,068 $ 379 $ 62,974 December 31, 2020 C&I Municipal Agricultural Construction & Farm Loans individually evaluated for credit losses $ 5,391 $ 1,435 $ 982 $ 652 $ 1,312 Loans collectively evaluated for credit losses 8,218 117 273 12,860 564 Total $ 13,609 $ 1,552 $ 1,255 $ 13,512 $ 1,876 December 31, 2020 (continued) Non-Owner Owner Residential Auto Non-Auto Total Loans individually evaluated for credit losses $ 1,921 $ 5,829 $ 3,107 $ 6 $ 2 $ 20,637 Loans collectively evaluated for credit losses 6,470 6,518 9,494 1,014 369 45,897 Total $ 8,391 $ 12,347 $ 12,601 $ 1,020 $ 371 $ 66,534 The Company’s allowance for loans that are individually evaluated for credit losses and collectively evaluated for credit losses as of March 31, 2020, are summarized in the following table by loan segment in accordance with the legacy “incurred loss” methodology disclosure requirements (in thousands): March 31, 2020 Commercial Agricultural Real Estate Consumer Total Loans individually evaluated for impairment $ 1,271 $ 98 $ 2,016 $ 1 $ 3,386 Loan collectively evaluated for impairment 10,502 2,056 39,240 5,256 57,054 Total $ 11,773 $ 2,154 $ 41,256 $ 5,257 $ 60,440 The Company’s recorded investment in loans as of March 31, 2021 and December 31, 2020, related to the balance in the allowance for credit losses on the basis of the Company’s adopted ASC 326 evaluation methodology follows below (in thousands): March 31, 2021 C&I Municipal Agricultural Construction & Farm Loans individually evaluated for credit losses $ 19,289 $ 9,777 $ 6,859 $ 12,497 $ 10,295 Loans collectively evaluated for credit losses 1,158,837 167,172 83,507 575,431 151,751 Total $ 1,178,126 $ 176,949 $ 90,366 $ 587,928 $ 162,046 March 31, 2021 (continued) Non-Owner Owner Residential Auto Non-Auto Total Loans individually evaluated for credit losses $ 39,387 $ 55,450 $ 34,695 $ 1,716 $ 451 $ 190,416 Loans collectively evaluated for credit losses 610,757 704,456 1,220,032 368,311 91,892 5,132,146 Total $ 650,144 $ 759,906 $ 1,254,727 $ 370,027 $ 92,343 $ 5,322,562 December 31, 2020 C&I Municipal Agricultural Construction & Farm Loans individually evaluated for credit losses $ 30,644 $ 9,439 $ 6,648 $ 15,205 $ 10,648 Loans collectively evaluated for credit losses 1,100,738 171,886 88,216 538,754 141,589 Total $ 1,131,382 $ 181,325 $ 94,864 $ 553,959 $ 152,237 December 31, 2020 (continued) Non-Owner Owner Residential Auto Non-Auto Total Loans individually evaluated for credit losses $ 22,626 $ 62,730 $ 37,047 $ 1,930 $ 534 $ 197,451 Loans collectively evaluated for credit losses 595,060 684,244 1,211,362 351,665 90,068 4,973,582 Total $ 617,686 $ 746,974 $ 1,248,409 $ 353,595 $ 90,602 $ 5,171,033 The Company’s recorded investment in loans as of March 31, 2020, related to the balance in the allowance for loan losses on the basis of the Company’s legacy “incurred loss” impairment methodology follows below (in thousands): March 31, 2020 Commercial Agricultural Real Estate Consumer Total Loans individually evaluated for impairment $ 5,620 $ 1,128 $ 32,156 $ 322 $ 39,226 Loan collectively evaluated for impairment 863,830 98,454 3,217,093 420,786 4,600,163 Total $ 869,450 $ 99,582 $ 3,249,249 $ 421,108 $ 4,639,389 From a credit risk standpoint, the Company rates its loans in one of five categories: (i) pass, (ii) special mention, (iii) substandard, (iv) doubtful or (v) loss (which are charged-off). The ratings of loans reflect a judgment about the risks of default and loss associated with the loan. The Company reviews the ratings on our credits as part of our on-going Credits rated special mention show clear signs of financial weaknesses or deterioration in credit worthiness, however, such concerns are not so pronounced that the Company generally expects to experience significant loss within the short-term. Such credits typically maintain the ability to perform within standard credit terms and credit exposure is not as prominent as credits rated more harshly. Credits rated substandard are those in which the normal repayment of principal and interest may be, or has been, jeopardized by reason of adverse trends or developments of a financial, managerial, economic or political nature, or important weaknesses exist in collateral. A protracted workout on these credits is a distinct possibility. Prompt corrective action is therefore required to strengthen the Company’s position, and/or to reduce exposure and to assure that adequate remedial measures are taken by the borrower. Credit exposure becomes more likely in such credits and a serious evaluation of the secondary support to the credit is performed. Credits rated doubtful are those in which full collection of principal appears highly questionable, and which some degree of loss is anticipated, even though the ultimate amount of loss may not yet be certain and/or other factors exist which could affect collection of debt. Based upon available information, positive action by the Company is required to avert or minimize loss. Credits rated doubtful are generally also placed on nonaccrual. The following summarizes the Company’s internal ratings of its loans held-for-investment, March 31, 2021 2020 2019 2018 2017 Prior Revolving Total C&I Risk rating: Pass $ 303 $ 647 $ 84 $ 61 $ 24 $ 41 $ — $ 1,160 Special mention 2 3 1 — 1 — — 7 Substandard 1 6 1 3 1 — — 12 Doubtful — — — — — — — — Total $ 306 $ 656 $ 86 $ 64 $ 26 $ 41 $ — $ 1,179 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Municipal Risk rating: Pass $ 2 $ 21 $ 16 $ 23 $ 13 $ 92 $ — $ 167 Special mention — — — — — — — — Substandard — 2 — — 6 2 — 10 Doubtful — — — — — — — — Total $ 2 $ 23 $ 16 $ 23 $ 19 $ 94 $ — $ 177 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Agricultural Risk rating: Pass $ 15 $ 42 $ 16 $ 7 $ 2 $ 1 $ — $ 83 Special mention 1 — — — — — — 1 Substandard — 5 — — 1 — — 6 Doubtful — — — — — — — — Total $ 16 $ 47 $ 16 $ 7 $ 3 $ 1 $ — $ 90 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Construction & Development Risk rating: Pass $ 101 $ 347 $ 62 $ 35 $ 17 $ 13 $ — $ 575 Special mention — 2 4 — — 1 — 7 Substandard 1 3 1 — — 1 — 6 Doubtful — — — — — — — — Total $ 102 $ 352 $ 67 $ 35 $ 17 $ 15 $ — $ 588 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Farm Risk rating: Pass $ 20 $ 54 $ 21 $ 17 $ 10 $ 30 $ — $ 152 Special mention — — — — — — — — Substandard — 7 1 1 — 1 — 10 Doubtful — — — — — — — — Total $ 20 $ 61 $ 22 $ 18 $ 10 $ 31 $ — $ 162 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Non-Owner Risk rating: Pass $ 45 $ 198 $ 105 $ 86 $ 41 $ 136 $ — $ 611 Special mention — 1 13 1 8 4 — 27 Substandard — — 2 — 2 8 — 12 Doubtful — — — — — — — — Total $ 45 $ 199 $ 120 $ 87 $ 51 $ 148 $ — $ 650 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Owner Occupied CRE Risk rating: Pass $ 74 $ 168 $ 126 $ 96 $ 72 $ 169 $ — $ 705 Special mention — 3 4 — 4 — — 11 Substandard 1 5 4 18 4 12 — 44 Doubtful — — — — — — — — Total $ 75 $ 176 $ 134 $ 114 $ 80 $ 181 $ — $ 760 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Residential Risk rating: Pass $ 109 $ 346 $ 157 $ 119 $ 93 $ 302 $ 94 $ 1,220 Special mention — 3 1 1 1 3 — 9 Substandard 1 5 2 4 2 11 1 26 Doubtful — — — — — — — — Total $ 110 $ 354 $ 160 $ 124 $ 96 $ 316 $ 95 $ 1,255 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Auto Risk rating: Pass $ 61 $ 161 $ 90 $ 32 $ 16 $ 8 $ — $ 368 Special mention — — — — — — — — Substandard — 1 1 — — — — 2 Doubtful — — — — — — — — Total $ 61 $ 162 $ 91 $ 32 $ 16 $ 8 $ — $ 370 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Non-Auto Risk rating: Pass $ 17 $ 40 $ 17 $ 6 $ 3 $ 2 $ 7 $ 92 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 17 $ 40 $ 17 $ 6 $ 3 $ 2 $ 7 $ 92 March 31, 2021 2020 2019 2018 2017 Prior Revolving Total Total Loans Risk rating: Pass $ 747 $ 2,024 $ 694 $ 482 $ 291 $ 794 $ 101 $ 5,133 Special mention 3 12 23 2 14 8 — 62 Substandard 4 34 12 26 16 35 1 128 Doubtful — — — — — — — — Total $ 754 $ 2,070 $ 729 $ 510 $ 321 $ 837 $ 102 $ 5,323 The following summarizes the Company’s internal ratings of its loans held-for-investment, December 31, 2020 2019 2018 2017 2016 Prior Revolving Total C&I Risk rating: Pass $ 874 $ 101 $ 70 $ 28 $ 10 $ 16 $ — $ 1,099 Special mention 9 2 — 1 — — — 12 Substandard 12 4 4 — — — — 20 Doubtful — — — — — — — — Total $ 895 $ 107 $ 74 $ 29 $ 10 $ 16 $ — $ 1,131 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Municipal Risk rating: Pass $ 26 $ 19 $ 29 $ 14 $ 13 $ 71 $ — $ 172 Special mention — — — — — — — — Substandard 2 — — 5 1 1 — 9 Doubtful — — — — — — — — Total $ 28 $ 19 $ 29 $ 19 $ 14 $ 72 $ — $ 181 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Agricultural Risk rating: Pass $ 57 $ 19 $ 9 $ 3 $ 1 $ — $ — $ 89 Special mention — — — — — — — — Substandard 6 — — — — — — 6 Doubtful — — — — — — — — Total $ 63 $ 19 $ 9 $ 3 $ 1 $ — $ — $ 95 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Construction & Development Risk rating: Pass $ $ 97 $ 36 $ 19 $ 7 $ 9 $ — $ 539 Special mention 2 4 — — — — — 6 Substandard 4 1 — 3 — 1 — 9 Doubtful — — — — — — — — Total $ 377 $ 102 $ 36 $ 22 $ 7 $ 10 $ — $ 554 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Farm Risk rating: Pass $ 57 $ 22 $ 18 $ 11 $ 11 $ 23 $ — $ 142 Special mention — — — — — — — — Substandard 7 1 — 1 — 1 — 10 Doubtful — — — — — — — — Total $ 64 $ 23 $ 18 $ 12 $ 11 $ 24 $ — $ 152 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Non-Owner Risk rating: Pass $ 197 $ 117 $ 93 $ 44 $ 55 $ 88 $ — $ 594 Special mention 1 — 1 8 1 — — 11 Substandard — 2 — — — 11 — 13 Doubtful — — — — — — — — Total $ 198 $ 119 $ 94 $ 52 $ 56 $ 99 $ — $ 618 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Owner Occupied CRE Risk rating: Pass $ 176 $ 132 $ 105 $ 75 $ 65 $ 132 $ — $ 685 Special mention 5 5 2 4 1 1 — 18 Substandard 5 4 20 4 1 10 — 44 Doubtful — — — — — — — — Total $ 186 $ 141 $ 127 $ 83 $ 67 $ 143 $ — $ 747 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Residential Risk rating: Pass $ 373 $ 172 $ 134 $ 101 $ 101 $ 237 $ 93 $ 1,211 Special mention 3 1 1 1 1 3 — 10 Substandard 5 3 3 3 1 10 2 27 Doubtful — — — — — — — — Total $ 381 $ 176 $ 138 $ 105 $ 103 $ 250 $ 95 $ 1,248 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Auto Risk rating: Pass $ 177 $ 104 $ 39 $ 21 $ 9 $ 2 $ — $ 352 Special mention — — — — — — — — Substandard 1 1 — — — — — 2 Doubtful — — — — — — — — Total $ 178 $ 105 $ 39 $ 21 $ 9 $ 2 $ — $ 354 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Non-Auto Risk rating: Pass $ 48 $ 21 $ 7 $ 4 $ 1 $ 2 $ 7 $ 90 Special mention — — — — — — — — Substandard — — — — — 1 — 1 Doubtful — — — — — — — — Total $ 48 $ 21 $ 7 $ 4 $ 1 $ 3 $ 7 $ 91 December 31, 2020 2019 2018 2017 2016 Prior Revolving Total Total Loans Risk rating: Pass $ 2,356 $ 804 $ 540 $ 320 $ 273 $ 580 $ 100 $ 4,973 Special mention 20 12 4 14 3 4 — 57 Substandard 42 16 27 16 3 35 2 141 Doubtful — — — — — — — — Total $ 2,418 $ 832 $ 571 $ 350 $ 279 $ 619 $ 102 $ 5,171 The following tables summarize the Company’s internal ratings of its loans held-for-investment, March 31, 2020 Pass Special Substandard Doubtful Total Commercial $ 832 $ 25 $ 12 $ — $ 869 Agricultural 92 6 2 — 100 Real Estate 3,106 56 87 — 3,249 Consumer 419 — 2 — 421 Total $ 4,449 $ 87 $ 103 $ — $ 4,639 The Company’s past due loans are as follows (in thousands): March 31, 2021 15-59 60-89 Greater Total Past Current Total Loans 90 Days Commercial: C&I $ 3,469 $ 283 $ 303 $ 4,055 $ 1,174,071 $ 1,178,126 $ 1 Municipal 19 — — 19 176,930 176,949 — Total Commercial 3,488 283 303 4,074 1,351,001 1,355,075 1 Agricultural 2,535 — — 2,535 87,831 90,366 — Real Estate: Construction & Development 1,810 41 66 1,917 586,011 587,928 — Farm 71 — — 71 161,975 162,046 — Non-Owner 695 — — 695 649,449 650,144 — Owner Occupied CRE 1,847 — — 1,847 758,059 759,906 1 Residential 6,920 67 — 6,987 1,247,740 1,254,727 — Total Real Estate 11,343 108 66 11,517 3,403,234 3,414,751 1 Consumer: Auto 470 31 10 511 369,516 370,027 — Non-Auto 129 11 — 140 92,203 92,343 — Total Consumer 599 42 10 651 461,719 462,370 — Total $ 17,965 $ 433 $ 379 $ 18,777 $ 5,303,785 $ 5,322,562 $ 2 December 31, 2020 15-59 60-89 Greater Total Past Current Total Loans 90 Days Commercial: C&I $ 3,647 $ 406 $ 576 $ 4,629 $ 1,126,753 $ 1,131,382 $ 21 Municipal — — — — 181,325 181,325 — Total Commercial 3,647 406 576 4,629 1,308,078 1,312,707 21 Agricultural 193 95 — 288 94,576 94,864 — Real Estate: Construction & Development 4,775 44 — 4,819 549,140 553,959 — Farm 708 — — 708 151,529 152,237 — Non-Owner 613 — — 613 617,073 617,686 — Owner Occupied CRE 1,393 322 133 1,848 745,126 746,974 — Residential 8,072 18 275 8,365 1,240,044 1,248,409 33 Total Real Estate 15,561 384 408 16,353 3,302,912 3,319,265 33 Consumer: Auto 551 158 75 784 352,811 353,595 59 Non-Auto 214 24 — 238 90,364 90,602 — Total Consumer 765 182 75 1,022 443,175 444,197 59 Total $ 20,166 $ 1,067 $ 1,059 $ 22,292 $ 5,148,741 $ 5,171,033 $ 113 March 31, 2020 15-59 60-89 Greater Total Current Total Loans 90 Days Commercial $ 4,807 $ 388 $ 382 $ 5,577 $ 863,873 $ 869,450 $ 116 Agricultural 621 — 62 683 98,899 99,582 — Real Estate 25,788 742 413 26,943 3,222,306 3,249,249 — Consumer 862 116 102 1,080 420,028 421,108 93 Total $ 32,078 $ 1,246 $ 959 $ 34,283 $ 4,605,106 $ 4,639,389 $ 209 * The Company monitors commercial, agricultural and real estate loans after such loans are 15 days past due. Consumer loans are monitored after such loans are 30 days past due. The restructuring of a loan is considered a “troubled debt restructuring” if both the borrower is experiencing financial difficulties and the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules, reductions in collateral and other actions intended to minimize potential losses. The Company’s loans that were modified and considered troubled debt restructurings are as follows (in thousands): Three-Months Ended March 31, 2021 Pre-Modification Post- Recorded Recorded Number Investment Investment Commercial: C&I 2 $ 149 $ 149 Municipal — — — Total Commercial 2 149 149 Agricultural — — — Real Estate: Construction & Development — — — Farm — — — Non-Owner — — — Owner Occupied CRE 1 500 500 Residential 2 197 197 Total Real Estate 3 697 697 Consumer: Auto — — — Non-Auto — — — Total Consumer — — — Total 5 $ 846 $ 846 Three-Months Ended March 31, 2020 Pre-Modification Post- Recorded Recorded Number Investment Investment Commercial 5 $ 288 $ 288 Agricultural 1 134 134 Real Estate — — — Consumer 1 14 14 Total 7 $ 436 $ 436 The balances below provide information as to how the loans were modified as troubled debt restructured loans (in thousands): Three-Months Ended March 31, 2021 Adjusted Combined Interest Extended Rate and Rate Maturity Maturity Commercial: C&I $ — $ — $ 149 Municipal — — — Total Commercial — — 149 Agricultural — — — Real Estate: Construction & Development — — — Farm — — — Non-Owner — — — Owner Occupied CRE — — 500 Residential — — 197 Total Real Estate — — 697 Consumer: Auto — — — Non-Auto — — — Total Consumer — — — Total $ — $ — $ 846 Three-Months Ended March 31, 2020 Adjusted Extended Combined Commercial $ — $ 260 $ 28 Agricultural — 134 — Real Estate — — — Consumer — 14 — Total $ — $ 408 $ 28 During the three-months ended March 31, 2021 and 2020, no loans were modified as a troubled debt restructured loan within the previous 12 months and for which there was a payment default. A default for purposes of this disclosure is a troubled debt restructured loan in which the borrower is 90 days past due or more or results in the foreclosure and repossession of the applicable collateral. As of March 31, 2021, the Company has no |