Loans | Loans Total net loans at December 31, 2020 and December 31, 2019 are summarized as follows: 2020 Percentage Farmland $ 23,316 0.7 % Owner-occupied, nonfarm nonresidential properties 407,924 12.1 % Agricultural production and other loans to farmers 2,664 0.1 % Commercial and Industrial 663,550 19.7 % Obligations (other than securities and leases) of states and political subdivisions 132,818 3.9 % Other loans 11,961 0.4 % Other construction loans and all land development and other land loans 205,734 6.1 % Multifamily (5 or more) residential properties 212,815 6.3 % Non-owner occupied, nonfarm nonresidential properties 640,945 19.0 % 1-4 Family Construction 27,768 0.8 % Home equity lines of credit 109,444 3.2 % Residential Mortgages secured by first liens 777,030 23.0 % Residential Mortgages secured by junior liens 53,726 1.6 % Other revolving credit plans 25,507 0.8 % Automobile 25,344 0.8 % Other consumer 42,792 1.3 % Credit cards 8,115 0.2 % Overdrafts 336 0.0 % Total loans $ 3,371,789 100.0 % Less: Allowance for credit losses (34,340) Loans, net $ 3,337,449 Net deferred loan origination fees (costs) and unearned discount included in the above loan table $ 8,789 2019 Percentage Commercial, industrial, and agricultural $ 1,046,665 37.3 % Commercial mortgages 814,002 29.0 % Residential real estate 814,030 29.0 % Consumer 124,785 4.5 % Credit cards 7,569 0.3 % Overdrafts 2,146 0.1 % Less: unearned discount (5,162) (0.2) % Total loans $ 2,804,035 100.0 % Less: Allowance for loan losses (19,473) Loans, net $ 2,784,562 Net deferred loan origination fees (costs) included in the above loan table $ 3,092 The Corporation’s outstanding loans and related unfunded commitments are primarily concentrated within central and northwest Pennsylvania, central and northeast Ohio, and western New York. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management’s assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation’s management and reviewed and ratified annually by the Corporation’s Board of Directors. As a result of the adoption of ASC 326 effective January 1, 2020, there is a lack of comparability in both the allowance and provisions for credit losses for the periods presented. Results for reporting periods beginning after January 1, 2020 (as reflected in the table below) are presented using the CECL methodology, while comparative period information continues to be reported in accordance with the incurred loss methodology in effect for prior fiscal years. See Note 1, "Summary of Significant Accounting Policies," for details regarding the adoption of ASC 326. At December 31, 2020, the Corporation incorporated the loans acquired through Bank of Akron and evaluated its qualitative factors as a result of the COVID-19 pandemic. As a result, at December 31, 2020, the Corporation added a qualitative factor related to the unfavorable economic environment driven by the COVID-19 pandemic. Management evaluates the factor based upon internal and external expectations of economic activity. Management also included a qualitative factor related to loans with payment deferrals specifically related to the COVID-19 pandemic. Transactions in the allowance for credit losses for the year ended December 31, 2020 were as follows: Beginning Impact of ASC 326 Adoption Initial Allowance on Loans Purchased with Credit Deterioration (Charge-offs) Recoveries Provision (Benefit) for Credit Loss Expense Ending Allowance (After ASC 326 Adoption) Farmland $ 190 $ 61 $ 0 $ 0 $ 0 $ (30) $ 221 Owner-occupied, nonfarm nonresidential properties 2,390 (754) 82 (61) 12 2,031 3,700 Agricultural production and other loans to farmers 25 5 0 0 0 (6) 24 Commercial and Industrial 4,105 (631) 216 (2,779) 39 5,283 6,233 Obligations (other than securities and leases) of states and political subdivisions 1,022 (231) 0 0 0 207 998 Other loans 41 8 0 0 0 19 68 Other construction loans and all land development and other land loans 2,327 780 228 0 125 (1,504) 1,956 Multifamily (5 or more) residential properties 1,087 312 24 0 0 1,301 2,724 Non-owner occupied, nonfarm nonresidential properties 3,980 2,547 335 (1,522) 52 3,266 8,658 1-4 Family Construction 56 (35) 0 0 0 61 82 Home equity lines of credit 180 421 22 (6) 1 367 985 Residential Mortgages secured by first liens 1,220 1,100 73 (285) 65 2,366 4,539 Residential Mortgages secured by junior liens 114 135 0 (158) 2 148 241 Other revolving credit plans 296 378 0 (137) 21 (51) 507 Automobile 156 (96) 0 (29) 2 99 132 Other consumer 1,960 1,021 0 (1,513) 130 1,364 2,962 Credit cards 84 (58) 0 (153) 14 179 66 Overdrafts 240 0 0 (435) 185 254 244 Total loans $ 19,473 $ 4,963 $ 980 $ (7,078) $ 648 $ 15,354 $ 34,340 Transactions in the allowance for loan losses for the year ended December 31, 2019 were as follows: Commercial, Commercial Residential Consumer Credit Overdrafts Total Allowance for loan losses, January 1, 2019 $ 7,341 $ 7,490 $ 2,156 $ 2,377 $ 103 $ 237 $ 19,704 Charge-offs (205) (3,391) (386) (2,200) (116) (453) (6,751) Recoveries 17 124 73 154 15 113 496 Provision for loan losses 1,134 2,729 (344) 2,080 82 343 6,024 Allowance for loan losses, December 31, 2019 $ 8,287 $ 6,952 $ 1,499 $ 2,411 $ 84 $ 240 $ 19,473 Transactions in the allowance for loan losses for the year ended December 31, 2018 were as follows: Commercial, Commercial Residential Consumer Credit Overdrafts Total Allowance for loan losses, January 1, 2018 $ 6,160 $ 9,007 $ 2,033 $ 2,179 $ 120 $ 194 $ 19,693 Charge-offs (253) (3,337) (315) (2,279) (90) (319) (6,593) Recoveries 171 30 67 141 33 90 532 Provision for loan losses 1,263 1,790 371 2,336 40 272 6,072 Allowance for loan losses, December 31, 2018 $ 7,341 $ 7,490 $ 2,156 $ 2,377 $ 103 $ 237 $ 19,704 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and is based on the Corporation’s impairment method as of December 31, 2019. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance. December 31, 2019 Commercial, Commercial Residential Consumer Credit Overdrafts Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 645 $ 1,264 $ 34 $ 0 $ 0 $ 0 $ 1,943 Collectively evaluated for impairment 7,614 5,358 1,465 2,411 84 240 17,172 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 Modified in a troubled debt restructuring 28 330 0 0 0 0 358 Total ending allowance balance $ 8,287 $ 6,952 $ 1,499 $ 2,411 $ 84 $ 240 $ 19,473 Loans: Individually evaluated for impairment $ 8,078 $ 2,410 $ 465 $ 0 $ 0 $ 0 $ 10,953 Collectively evaluated for impairment 1,035,494 804,360 813,565 124,785 7,569 2,146 2,787,919 Acquired with deteriorated credit quality 0 523 0 0 0 0 523 Modified in a troubled debt restructuring 3,093 6,709 0 0 0 0 9,802 Total ending loans balance $ 1,046,665 $ 814,002 $ 814,030 $ 124,785 $ 7,569 $ 2,146 $ 2,809,197 The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of December 31, 2019 and for the years ended December 31, 2019, and December 31, 2018, respectively. December 31, 2019 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial, industrial, and agricultural $ 2,657 $ 1,476 $ 673 Commercial mortgage 6,541 4,349 1,594 Residential real estate 485 465 34 With no related allowance recorded: Commercial, industrial, and agricultural 9,845 9,695 0 Commercial mortgage 4,903 4,770 0 Residential real estate 0 0 0 Total $ 24,431 $ 20,755 $ 2,301 The unpaid principal balance of impaired loans includes the Corporation's recorded investment in the loan and the amount that have been recorded as charge-offs. Year Ended December 31, 2019 Average Interest Cash Basis With an allowance recorded: Commercial, industrial, and agricultural $ 1,750 $ 90 $ 90 Commercial mortgage 6,586 119 119 Residential real estate 191 13 13 Overdrafts 0 0 0 With no related allowance recorded: Commercial, industrial, and agricultural 4,919 208 208 Commercial mortgage 3,985 158 158 Residential real estate 294 11 11 Overdrafts 0 0 0 Total $ 17,725 $ 599 $ 599 Year Ended December 31, 2018 Average Interest Cash Basis With an allowance recorded: Commercial, industrial, and agricultural $ 2,745 $ 254 $ 249 Commercial mortgage 8,456 338 326 Residential real estate 304 20 19 Overdrafts 2 0 0 With no related allowance recorded: Commercial, industrial, and agricultural 4,642 157 148 Commercial mortgage 4,566 146 144 Residential real estate 0 0 0 Total $ 20,715 $ 915 $ 886 The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of December 31, 2020: Nonaccrual Nonaccrual With No Allowance for Credit Loss Loans Past Due over 89 Days Still Accruing Farmland $ 1,844 $ 51 $ 0 Owner-occupied, nonfarm nonresidential properties 1,781 909 0 Commercial and Industrial 6,657 464 0 Other construction loans and all land development and other land loans 2,349 77 0 Multifamily (5 or more) residential properties 288 0 0 Non-owner occupied, nonfarm nonresidential properties 11,932 394 0 Home equity lines of credit 685 685 0 Residential Mortgages secured by first liens 4,175 3,495 283 Residential Mortgages secured by junior liens 114 114 0 Other revolving credit plans 6 6 0 Automobile 32 32 0 Other consumer 496 496 8 Credit cards 0 0 34 Total loans $ 30,359 $ 6,723 $ 325 The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of December 31, 2019: December 31, 2019 Nonaccrual Past Due Commercial, industrial, and agricultural $ 11,644 0 Commercial mortgages 4,533 0 Residential real estate 4,724 59 Consumer 835 0 Credit cards 0 2 Total $ 21,736 $ 61 Nonaccrual loans and loans past due over 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2020: Real Estate Collateral Non-Real Estate Collateral Farmland $ 1,793 $ 0 Owner-occupied, nonfarm nonresidential properties 285 587 Commercial and Industrial 594 5,600 Other construction loans and all land development and other land loans 2,272 0 Multifamily (5 or more) residential properties 288 0 Non-owner occupied, nonfarm nonresidential properties 9,072 880 Residential Mortgages secured by first liens 1,135 0 Total loans $ 15,439 $ 7,067 The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2020 by class of loans: 30 - 59 60 - 89 Greater Than 89 Total Past Due Loans Not Past Due Total Farmland $ 195 $ 0 $ 1,211 $ 1,406 $ 21,910 $ 23,316 Owner-occupied, nonfarm nonresidential properties 10 885 732 1,627 406,297 407,924 Agricultural production and other loans to farmers 0 0 0 0 2,664 2,664 Commercial and Industrial 476 335 3,887 4,698 658,852 663,550 Obligations (other than securities and leases) of states and political subdivisions 0 0 0 0 132,818 132,818 Other loans 0 0 0 0 11,961 11,961 Other construction loans and all land development and other land loans 0 0 1,917 1,917 203,817 205,734 Multifamily (5 or more) residential properties 0 0 0 0 212,815 212,815 Non-owner occupied, nonfarm nonresidential properties 314 156 10,184 10,654 630,291 640,945 1-4 Family Construction 0 0 0 0 27,768 27,768 Home equity lines of credit 166 235 486 887 108,557 109,444 Residential Mortgages secured by first liens 2,834 629 1,911 5,374 771,656 777,030 Residential Mortgages secured by junior liens 8 0 66 74 53,652 53,726 Other revolving credit plans 36 19 0 55 25,452 25,507 Automobile 73 0 9 82 25,262 25,344 Other consumer 246 132 245 623 42,169 42,792 Credit cards 72 39 34 145 7,970 8,115 Overdrafts 0 0 0 0 336 336 Total loans $ 4,430 $ 2,430 $ 20,682 $ 27,542 $ 3,344,247 $ 3,371,789 The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 by class of loans. December 31, 2019 30-59 Days 60-89 Days Greater Than Total Loans Not Total Commercial, industrial, and agricultural $ 1,273 $ 548 $ 3,784 $ 5,605 $ 1,041,060 $ 1,046,665 Commercial mortgages 162 183 2,594 2,939 811,063 814,002 Residential real estate 3,383 1,270 2,714 7,367 806,663 814,030 Consumer 412 311 415 1,138 123,647 124,785 Credit cards 48 54 2 104 7,465 7,569 Overdrafts 0 0 0 0 2,146 2,146 Total $ 5,278 $ 2,366 $ 9,509 $ 17,153 $ 2,792,044 $ 2,809,197 Troubled Debt Restructurings In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without a loan modification. This evaluation is performed using the Corporation’s internal underwriting policies. The Corporation has no further loan commitments to customers whose loans are classified as a troubled debt restructuring. During the years ended December 31, 2020 and December 31, 2019, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included either or both of the following: a reduction of the stated interest rate of the loan; or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. The Corporation had an amortized cost in troubled debt restructurings of $15,088 and $10,951 as of December 31, 2020 and 2019, respectively. The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2020, December 31, 2019, and December 31, 2018: Year Ended December 31, 2020 Number of Pre-Modification Post-Modification Owner-occupied, nonfarm nonresidential properties 1 $ 260 $ 260 Commercial and Industrial 6 1,140 1,140 Other construction loans and all land development and other land loans 1 46 46 Non-owner occupied, nonfarm nonresidential properties 1 3,684 3,684 Residential Mortgages secured by first liens 2 309 309 Total loans 11 $ 5,439 $ 5,439 Year Ended December 31, 2019 Number of Pre-Modification Post-Modification Commercial, industrial, and agricultural 0 $ 0 $ 0 Commercial mortgages 1 383 383 Residential real estate 0 0 0 Consumer 0 0 0 Credit cards 0 0 0 Total 1 $ 383 $ 383 Year Ended December 31, 2018 Number of Pre-Modification Post-Modification Commercial, industrial, and agricultural 0 $ 0 $ 0 Commercial mortgages 5 1,570 1,570 Residential real estate 0 0 0 Consumer 0 0 0 Credit cards 0 0 0 Total 5 $ 1,570 $ 1,570 The troubled debt restructurings described above increased the allowance for credit losses by $0, $0 and $351 during the years ended December 31, 2020, December 31, 2019, and December 31, 2018, respectively. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. All loans modified in troubled debt restructurings are performing in accordance with their modified terms as of December 31, 2020 and December 31, 2019 and no principal balances were forgiven in connection with the loan restructurings. Generally, nonperforming troubled debt restructurings are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Credit Quality Indicators The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually to classify the loans as to credit risk. The Corporation uses the following definitions for risk ratings: Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Corporation’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following tables detail the amortized cost of loans, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2020. The current period originations may include modifications, extensions and renewals. Term Loans Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Farmland Risk rating Pass $ 1,617 $ 4,448 $ 3,767 $ 3,648 $ 894 $ 5,280 $ 662 $ 0 $ 20,316 Special mention 1,156 0 0 0 0 0 0 0 1,156 Substandard 0 0 0 51 582 1,211 0 0 1,844 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 2,773 $ 4,448 $ 3,767 $ 3,699 $ 1,476 $ 6,491 $ 662 $ 0 $ 23,316 Owner-occupied, nonfarm nonresidential properties Risk rating Pass $ 86,694 $ 109,228 $ 52,818 $ 56,948 $ 26,119 $ 50,839 $ 9,253 $ 0 $ 391,899 Special mention 0 452 74 541 318 1,310 131 0 2,826 Substandard 1,021 2,449 2,438 938 3,675 2,430 248 0 13,199 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 87,715 $ 112,129 $ 55,330 $ 58,427 $ 30,112 $ 54,579 $ 9,632 $ 0 $ 407,924 Agricultural production and other loans to farmers Risk rating Pass $ 267 $ 155 $ 601 $ 0 $ 54 $ 0 $ 1,587 $ 0 $ 2,664 Special mention 0 0 0 0 0 0 0 0 0 Substandard 0 0 0 0 0 0 0 0 0 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 267 $ 155 $ 601 $ 0 $ 54 $ 0 $ 1,587 $ 0 $ 2,664 Commercial and Industrial Risk rating Pass $ 318,323 $ 54,620 $ 46,854 $ 32,426 $ 7,197 $ 7,265 $ 170,386 $ 0 $ 637,071 Special mention 127 1,017 3,489 712 300 1,033 4,690 0 11,368 Substandard 801 1,916 1,212 112 37 4,858 6,175 0 15,111 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 319,251 $ 57,553 $ 51,555 $ 33,250 $ 7,534 $ 13,156 $ 181,251 $ 0 $ 663,550 Obligations (other than securities and leases) of states and political subdivisions Risk rating Pass $ 10,722 $ 12,279 $ 35,176 $ 20,891 $ 19,365 $ 24,789 $ 8,888 $ 0 $ 132,110 Special mention 0 0 0 0 0 0 0 0 0 Substandard 708 0 0 0 0 0 0 0 708 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 11,430 $ 12,279 $ 35,176 $ 20,891 $ 19,365 $ 24,789 $ 8,888 $ 0 $ 132,818 Other loans Risk rating Pass $ 7,268 $ 1,237 $ 386 $ 0 $ 0 $ 0 $ 3,070 $ 0 $ 11,961 Special mention 0 0 0 0 0 0 0 0 0 Substandard 0 0 0 0 0 0 0 0 0 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 7,268 $ 1,237 $ 386 $ 0 $ 0 $ 0 $ 3,070 $ 0 $ 11,961 Term Loans Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Other construction loans and all land development and other land loans Risk rating Pass $ 119,380 $ 52,078 $ 19,977 $ 2,300 $ 28 $ 1,895 $ 2,548 $ 0 $ 198,206 Special mention 1,417 672 29 3,303 0 190 0 0 5,611 Substandard 0 0 0 0 0 1,840 77 0 1,917 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 120,797 $ 52,750 $ 20,006 $ 5,603 $ 28 $ 3,925 $ 2,625 $ 0 $ 205,734 Multifamily (5 or more) residential properties Risk rating Pass $ 73,572 $ 39,633 $ 26,230 $ 49,178 $ 4,086 $ 16,957 $ 1,907 $ 0 $ 211,563 Special mention 0 0 0 0 0 0 0 0 0 Substandard 6 753 288 205 0 0 0 0 1,252 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 73,578 $ 40,386 $ 26,518 $ 49,383 $ 4,086 $ 16,957 $ 1,907 $ 0 $ 212,815 Non-owner occupied, nonfarm nonresidential properties Risk rating Pass $ 161,045 $ 127,518 $ 89,520 $ 55,966 $ 44,959 $ 105,962 $ 9,633 $ 0 $ 594,603 Special mention 99 895 2,111 3,969 835 4,137 450 0 12,496 Substandard 0 12,325 326 7,584 722 12,289 600 0 33,846 Doubtful 0 0 0 0 0 0 0 0 0 Total $ 161,144 $ 140,738 $ 91,957 $ 67,519 $ 46,516 $ 122,388 $ 10,683 $ 0 $ 640,945 Loans not rated as special mention, substandard, or doubtful are considered to be pass rated loans. All loans included in the following tables have been assigned a risk rating within 12 months of the balance sheet date. December 31, 2019 Pass Special Substandard Doubtful Total Commercial, industrial, and agricultural $ 1,004,445 $ 16,696 $ 25,524 $ 0 $ 1,046,665 Commercial mortgages 780,798 18,837 14,367 0 814,002 Total $ 1,785,243 $ 35,533 $ 39,891 $ 0 $ 1,860,667 The Corporation considers the performance of the loan portfolio and its impact on the allowance for credit losses. For 1-4 family construction, home equity lines of credit, residential mortgages secured by first liens, residential mortgages secured by junior liens, automobile, credit cards, other revolving credit plans and other consumer segments, the Corporation also evaluates credit quality based on the performance status the loan, which was previously presented, and by payment activity. Nonperforming loans include loans on nonaccrual status and loans past due over 90 days and still accruing interest. The following tables detail the amortized cost of loans, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2020. The current period originations may include modifications, extensions and renewals. Term Loans Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total 1-4 Family Construction Payment performance Performing $ 16,081 $ 11,547 $ 140 $ 0 $ 0 $ 0 $ 0 $ 0 $ 27,768 Nonperforming 0 0 0 0 0 0 0 0 0 Total $ 16,081 $ 11,547 $ 140 $ 0 $ 0 $ 0 $ 0 $ 0 $ 27,768 Home equity lines of credit Payment performance Performing $ 19,764 $ 12,823 $ 12,842 $ 8,793 $ 8,182 $ 42,514 $ 3,841 $ 0 $ 108,759 Nonperforming 0 0 0 302 33 350 0 0 685 Total $ 19,764 $ 12,823 $ 12,842 $ 9,095 $ 8,215 $ 42,864 $ 3,841 $ 0 $ 109,444 Residential mortgages secured by first lien Payment performance Performing $ 211,910 $ 136,181 $ 93,588 $ 99,520 $ 62,312 $ 163,556 $ 5,505 $ 0 $ 772,572 Nonperforming 0 84 887 143 61 3,261 22 0 4,458 Total $ 211,910 $ 136,265 $ 94,475 $ 99,663 $ 62,373 $ 166,817 $ 5,527 $ 0 $ 777,030 Residential mortgages secured by junior liens Payment performance Performing $ 14,552 $ 12,255 $ 7,031 $ 5,660 $ 3,347 $ 10,389 $ 378 $ 0 $ 53,612 Nonperforming 0 0 0 0 19 95 0 0 114 Total $ 14,552 $ 12,255 $ 7,031 $ 5,660 $ 3,366 $ 10,484 $ 378 $ 0 $ 53,726 Other revolving credit plans Payment performance Performing $ 4,088 $ 4,516 $ 3,320 $ 3,149 $ 1,301 $ 9,127 $ 0 $ 0 $ 25,501 Nonperforming 0 0 4 0 0 2 0 0 6 Total $ 4,088 $ 4,516 $ 3,324 $ 3,149 $ 1,301 $ 9,129 $ 0 $ 0 $ 25,507 Automobile Payment performance Performing $ 8,965 $ 8,595 $ 4,652 $ 1,635 $ 764 $ 701 $ 0 $ 0 $ 25,312 Nonperforming 0 4 0 6 0 22 0 0 32 Total $ 8,965 $ 8,599 $ 4,652 $ 1,641 $ 764 $ 723 $ 0 $ 0 $ 25,344 Other consumer Payment performance Performing $ 24,857 $ 11,183 $ 3,579 $ 796 $ 218 1 $ 1,654 $ 0 $ 0 $ 42,288 Nonperforming 82 264 75 13 0 70 0 0 504 Total $ 24,939 $ 11,447 $ 3,654 $ 809 $ 218 $ 1,724 $ 0 $ 0 $ 42,792 December 31, 2020 Consumer Credit card Payment performance Performing $ 8,081 Nonperforming 34 Total $ 8,115 The following table presents the recorded investment in residential, consumer, and credit card loans based on performance status as of December 31, 2019: December 31, 2019 Residential Consumer Credit Performing $ 809,247 $ 123,950 $ 7,567 Nonperforming 4,783 835 2 Total $ 814,030 $ 124,785 $ 7,569 Purchased Credit Deteriorated Loans The Corporation has purchased loans, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: July 17, 2020 Purchase price of loans at acquisition $ 21,768 Allowance for credit losses at acquisition 980 Non-credit discount / (premium) at acquisition 1,063 Par value of acquired loans at acquisition $ 23,811 The Corporation’s portfolio of residential real estate and consumer loans maintained within Holiday Financial Services Corporation ("Holiday"), a subsidiary that offers small balance unsecured and secured loans, primarily collateralized by automobiles and equipment, to borrowers with higher risk characteristics than are typical in the Bank’s consumer loan portfolio, are considered to be subprime loans. Holiday’s loan portfolio, included in consumer loans above, is summarized as follows at December 31, 2020 and December 31, 2019: December 31, 2020 December 31, 2019 Gross consumer loans $ 27,998 $ 28,122 Less: unearned discounts (5,181) (5,162) Total consumer loans, net of unearned discounts $ 22,817 $ 22,960 |