Financing Receivables [Text Block] | 4. The composition of the loan/lease portfolio as of December 31, 2017 2016 2017 2016 C&I loans $ 1,134,516,315 $ 827,637,263 CRE loans Owner-occupied CRE 332,742,477 332,387,621 Commercial construction, land development, and other land 186,402,404 165,149,491 Other non owner-occupied CRE 784,347,000 595,921,748 1,303,491,882 1,093,458,860 Direct financing leases * 141,448,232 165,419,360 Residential real estate loans ** 258,646,265 229,233,104 Installment and other consumer loans 118,610,799 81,665,695 2,956,713,493 2,397,414,282 Plus deferred loan/lease origination costs, net of fees 7,771,907 8,072,703 2,964,485,400 2,405,486,985 Less allowance (34,355,728 ) (30,757,448 ) $ 2,930,129,672 $ 2,374,729,537 * Direct financing leases: Net minimum lease payments to be received $ 156,583,887 $ 184,274,802 Estimated unguaranteed residual values of leased assets 929,932 1,085,154 Unearned lease/residual income (16,065,587 ) (19,940,596 ) 141,448,232 165,419,360 Plus deferred lease origination costs, net of fees 4,624,027 5,881,778 146,072,259 171,301,138 Less allowance (2,382,098 ) (3,111,898 ) $ 143,690,161 $ 168,189,240 Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management ’s expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. At December 31, 2017, 10 $929,932 not December 31, 2016, 13 $1,085,164 not no December 31, 2017, 2016, 2015. * *Includes residential real estate loans held for sale totaling $645,001 $1,135,500 December 31, 2017 2016, Changes in accretable yield for the loans acquired in the CSB and Guaranty Bank acquisitions are as follows: For the year ended December 31, 2017 PCI Performing Loans Loans Total Balance at the beginning of the period $ (194,306 ) $ (9,115,614 ) $ (9,309,920 ) Discount added at acquisition (219,902 ) (2,223,989 ) (2,443,891 ) Accretion recognized 223,076 5,059,528 5,282,604 Balance at the end of the period $ (191,132 ) $ (6,280,075 ) $ (6,471,207 ) For the year ended December 31, 2016 PCI Performing Loans Loans Total Balance at the beginning of the period $ - $ - $ - Discount added at acquisition (277,579 ) (11,916,009 ) (12,193,588 ) Accretion recognized 83,273 2,800,395 2,883,668 Balance at the end of the period $ (194,306 ) $ (9,115,614 ) $ (9,309,920 ) The aging of the loan/lease portfolio by classes of loan s/leases as of December 31, 2017 2016 2017 Classes of Loans/Leases Current 30-59 Days Past Due 60-89 Days Past Due Accruing Past Due 90 Days or More Nonaccrual Loans/Leases Total C&I $ 1,124,734,486 $ 8,306,829 $ 243,647 $ - $ 1,231,353 $ 1,134,516,315 CRE Owner-Occupied CRE 331,868,142 540,435 - - 333,900 332,742,477 Commercial Construction, Land Development, and Other Land 181,558,092 - - - 4,844,312 186,402,404 Other Non Owner-Occupied CRE 782,526,249 572,877 4,146 - 1,243,728 784,347,000 Direct Financing Leases 137,708,397 1,305,191 259,600 - 2,175,044 141,448,232 Residential Real Estate 253,261,821 3,552,709 393,410 74,519 1,363,806 258,646,265 Installment and Other Consumer 117,773,259 517,537 56,760 14,152 249,091 118,610,799 $ 2,929,430,446 $ 14,795,578 $ 957,563 $ 88,671 $ 11,441,234 $ 2,956,713,493 As a percentage of total loan/lease portfolio 99.08 % 0.50 % 0.03 % 0.00 % 0.39 % 100.00 % 2016 Classes of Loans/Leases Current 30-59 Days Past Due 60-89 Days Past Due Accruing Past Due 90 Days or More Nonaccrual Loans/Leases Total C&I $ 821,637,507 $ 1,455,185 $ 10,551 $ 346,234 $ 4,187,786 $ 827,637,263 CRE Owner-Occupied CRE 331,812,571 - 242,902 - 332,148 332,387,621 Commercial Construction, Land Development, and Other Land 160,760,034 35,638 - - 4,353,819 165,149,491 Other Non Owner-Occupied CRE 594,384,926 100,673 - - 1,436,149 595,921,748 Direct Financing Leases 161,452,627 730,627 574,700 215,225 2,446,181 165,419,360 Residential Real Estate 227,023,552 473,478 365,581 294,854 1,075,639 229,233,104 Installment and Other Consumer 81,199,766 204,973 63,111 110,501 87,344 81,665,695 $ 2,378,270,983 $ 3,000,574 $ 1,256,845 $ 966,814 $ 13,919,066 $ 2,397,414,282 As a percentage of total loan/lease portfolio 99.20 % 0.13 % 0.05 % 0.04 % 0.58 % 100.00 % NPLs by classes of loans/leases as of December 31, 2017 2016 2017 Classes of Loans/Leases Accruing Past Due 90 Days or More Nonaccrual Loans/Leases * Accruing TDRs Total NPLs Percentage of Total NPLs C&I $ - $ 1,231,353 $ 5,224,182 $ 6,455,535 34.63 % CRE Owner-Occupied CRE - 333,900 107,322 441,222 2.37 % Commercial Construction, Land Development, and Other Land - 4,844,312 - 4,844,312 25.99 % Other Non Owner-Occupied CRE - 1,243,728 - 1,243,728 6.67 % Direct Financing Leases - 2,175,044 1,494,448 3,669,492 19.68 % Residential Real Estate 74,519 1,363,806 272,493 1,710,818 9.18 % Installment and Other Consumer 14,152 249,091 14,027 277,270 1.49 % $ 88,671 $ 11,441,234 $ 7,112,472 $ 18,642,377 100.00 % * At December 31, 2017, $2,282,495 $122,598 $1,336,871 $700,255 $115,190 $7,581 2016 Classes of Loans/Leases Accruing Past Due 90 Days or More Nonaccrual Loans/Leases ** Accruing TDRs Total NPLs Percentage of Total NPLs C&I $ 346,234 $ 4,187,786 $ 4,733,997 $ 9,268,017 43.65 % CRE Owner-Occupied CRE - 332,148 - 332,148 1.56 % Commercial Construction, Land Development, and Other Land - 4,353,819 - 4,353,819 20.51 % Other Non Owner-Occupied CRE - 1,436,149 - 1,436,149 6.77 % Direct Financing Leases 215,225 2,446,181 1,008,244 3,669,650 17.28 % Residential Real Estate 294,854 1,075,639 585,541 1,956,034 9.21 % Installment and Other Consumer 110,501 87,344 18,746 216,591 1.02 % $ 966,814 $ 13,919,066 $ 6,346,528 $ 21,232,408 100.00 % * * At December 31, 2016, $2,300,479 $48,501 $1,380,047 $816,149 $43,579 $12,203 Changes in the allowance by portfolio segment for the years ended December 31, 2017, 2016, 2015 Year Ended December 31, 2017 C&I CRE Direct Financing Leases Residential Real Estate Installment and Other Consumer Total Balance, beginning $ 12,545,110 $ 11,670,609 $ 3,111,898 $ 2,342,344 $ 1,087,487 $ 30,757,448 Provisions charged to expense 2,736,296 4,044,460 1,369,624 197,034 122,505 8,469,919 Loans/leases charged off (1,149,790 ) (1,795,229 ) (2,284,910 ) (102,088 ) (41,196 ) (5,373,213 ) Recoveries on loans/leases previously charged off 191,420 42,848 185,486 29,141 52,679 501,574 Balance, ending $ 14,323,036 $ 13,962,688 $ 2,382,098 $ 2,466,431 $ 1,221,475 $ 34,355,728 Year Ended December 31, 2016 C&I CRE Direct Financing Leases Residential Real Estate Installment and Other Consumer Total Balance, beginning $ 10,484,080 $ 9,375,117 $ 3,395,088 $ 1,790,150 $ 1,096,471 $ 26,140,906 Provisions (credits) charged to expense 2,478,912 2,286,953 2,127,463 628,114 (43,276 ) 7,478,166 Loans/leases charged off (527,152 ) (24,304 ) (2,503,417 ) (76,820 ) (112,490 ) (3,244,183 ) Recoveries on loans/leases previously charged off 109,270 32,843 92,764 900 146,782 382,559 Balance, ending $ 12,545,110 $ 11,670,609 $ 3,111,898 $ 2,342,344 $ 1,087,487 $ 30,757,448 Year Ended December 31, 2015 C&I CRE Direct Financing Leases Residential Real Estate Installment and Other Consumer Total Balance, beginning $ 8,833,832 $ 8,353,386 $ 3,359,400 $ 1,525,952 $ 1,001,795 $ 23,074,365 Provisions charged to expense 1,470,526 3,080,611 1,688,031 430,087 201,645 6,870,900 Loans/leases charged off (453,782 ) (2,560,749 ) (1,788,772 ) (169,996 ) (251,838 ) (5,225,137 ) Recoveries on loans/leases previously charged off 633,504 501,869 136,429 4,107 144,869 1,420,778 Balance, ending $ 10,484,080 $ 9,375,117 $ 3,395,088 $ 1,790,150 $ 1,096,471 $ 26,140,906 The allowance by impairment evaluation and by portfolio segment as of December 31, 2017 2016 2017 C&I CRE Direct Financing Leases Residential Real Estate Installment and Other Consumer Total Allowance for impaired loans/leases $ 715,627 $ 1,429,460 $ 504,469 $ 355,167 $ 38,596 $ 3,043,319 Allowance for nonimpaired loans/leases 13,607,409 12,533,228 1,877,629 2,111,264 1,182,879 31,312,409 $ 14,323,036 $ 13,962,688 $ 2,382,098 $ 2,466,431 $ 1,221,475 $ 34,355,728 Impaired loans/leases $ 6,248,209 $ 6,529,262 $ 3,669,492 $ 1,704,846 $ 202,354 $ 18,354,163 Nonimpaired loans/leases 1,128,268,106 1,296,962,620 137,778,740 256,941,419 118,408,445 2,938,359,330 $ 1,134,516,315 $ 1,303,491,882 $ 141,448,232 $ 258,646,265 $ 118,610,799 $ 2,956,713,493 Allowance as a percentage of impaired loans/leases 11.45 % 21.89 % 13.75 % 20.83 % 19.07 % 16.58 % Allowance as a percentage of nonimpaired loans/leases 1.21 % 0.97 % 1.36 % 0.82 % 1.00 % 1.07 % Total allowance as a percentage of total loans/leases 1.26 % 1.07 % 1.68 % 0.95 % 1.03 % 1.16 % 2016 C&I CRE Direct Financing Leases Residential Real Estate Installment and Other Consumer Total Allowance for impaired loans/leases $ 1,771,537 $ 693,919 $ 848,919 $ 289,112 $ 39,481 $ 3,642,968 Allowance for nonimpaired loans/leases 10,773,573 10,976,690 2,262,979 2,053,232 1,048,006 27,114,480 $ 12,545,110 $ 11,670,609 $ 3,111,898 $ 2,342,344 $ 1,087,487 $ 30,757,448 Impaired loans/leases $ 8,936,451 $ 6,112,114 $ 3,256,264 $ 1,661,180 $ 106,090 $ 20,072,099 Nonimpaired loans/leases 818,700,812 1,087,346,746 162,163,096 227,571,924 81,559,605 2,377,342,183 $ 827,637,263 $ 1,093,458,860 $ 165,419,360 $ 229,233,104 $ 81,665,695 $ 2,397,414,282 Allowance as a percentage of impaired loans/leases 19.82 % 11.35 % 26.07 % 17.40 % 37.21 % 18.15 % Allowance as a percentage of nonimpaired loans/leases 1.32 % 1.01 % 1.40 % 0.90 % 1.28 % 1.14 % Total allowance as a percentage of total loans/leases 1.52 % 1.07 % 1.88 % 1.02 % 1.33 % 1.28 % Information for impaired loans/leases is presented in the tables below. The recorded investment represents customer balances net of any partial charge-offs recognized on the loan/lease. The unpaid principal balance represents the recorded balance outstanding on the loan/lease prior to any partial charge-offs. Loans/leases, by classes of financing receivable, considered to be impaired as of and for the years ended December 31, 2017, 2016, 2015 2017 Classes of Loans/Leases Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Recognized for Cash Payments Received Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 1,634,269 $ 1,644,706 $ - $ 1,406,310 $ 71,183 $ 71,183 CRE Owner-Occupied CRE 289,261 289,261 - 79,317 11,902 11,902 Commercial Construction, Land Development, and Other Land - - - - - - Other Non Owner-Occupied CRE 1,171,565 1,171,565 - 1,176,738 - - Direct Financing Leases 2,944,540 2,944,540 - 2,879,695 132,167 132,167 Residential Real Estate 943,388 1,018,167 - 685,807 1,161 1,161 Installment and Other Consumer 134,245 134,245 - 126,474 - - $ 7,117,268 $ 7,202,484 $ - $ 6,354,341 $ 216,413 $ 216,413 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 4,613,940 $ 4,617,879 $ 715,627 $ 4,584,142 $ 203,221 $ 203,221 CRE Owner-Occupied CRE 151,962 151,962 48,462 221,260 - - Commercial Construction, Land Development, and Other Land 4,844,312 4,844,312 1,379,235 4,447,831 - - Other Non Owner-Occupied CRE 72,163 72,163 1,763 44,667 - - Direct Financing Leases 724,953 724,953 504,469 625,107 - - Residential Real Estate 761,458 761,458 355,167 549,286 14,990 14,990 Installment and Other Consumer 68,109 68,109 38,596 40,152 410 410 $ 11,236,897 $ 11,240,836 $ 3,043,319 $ 10,512,445 $ 218,621 $ 218,621 Total Impaired Loans/Leases: C&I $ 6,248,209 $ 6,262,585 $ 715,627 $ 5,990,452 $ 274,404 $ 274,404 CRE Owner-Occupied CRE 441,222 441,222 48,462 300,577 11,902 11,902 Commercial Construction, Land Development, and Other Land 4,844,312 4,844,312 1,379,235 4,447,831 - - Other Non Owner-Occupied CRE 1,243,728 1,243,728 1,763 1,221,405 - - Direct Financing Leases 3,669,492 3,669,492 504,469 3,504,802 132,167 132,167 Residential Real Estate 1,704,846 1,779,625 355,167 1,235,093 16,151 16,151 Installment and Other Consumer 202,354 202,354 38,596 166,626 410 410 $ 18,354,163 $ 18,443,318 $ 3,043,319 $ 16,866,786 $ 435,034 $ 435,034 Impaired loans/leases for which no ’s current estimates. 2016 Classes of Loans/Leases Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Recognized for Cash Payments Received Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 841,895 $ 951,600 $ - $ 2,858,343 $ 16,748 $ 16,748 CRE Owner-Occupied CRE - 93,774 - 312,242 - - Commercial Construction, Land Development, and Other Land - - - - - - Other Non Owner-Occupied CRE 1,196,549 1,196,549 - 1,322,654 - - Direct Financing Leases 1,690,121 1,690,121 - 1,731,982 43,461 43,461 Residential Real Estate 853,294 892,495 - 964,590 9,903 9,903 Installment and Other Consumer 55,734 55,734 - 321,175 4,475 4,475 $ 4,637,593 $ 4,880,273 $ - $ 7,510,986 $ 74,587 $ 74,587 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 8,094,556 $ 8,098,395 $ 1,771,537 $ 2,959,495 $ 17,742 $ 17,742 CRE Owner-Occupied CRE 322,148 322,148 57,398 385,269 - - Commercial Construction, Land Development, and Other Land 4,353,817 4,353,819 577,611 1,022,930 - - Other Non Owner-Occupied CRE 239,600 239,600 58,910 47,920 - - Direct Financing Leases 1,566,143 1,566,143 848,919 841,733 36,303 36,303 Residential Real Estate 807,886 882,018 289,112 573,211 11,675 11,675 Installment and Other Consumer 50,356 50,356 39,481 40,384 527 527 $ 15,434,506 $ 15,512,479 $ 3,642,968 $ 5,870,942 $ 66,247 $ 66,247 Total Impaired Loans/Leases: C&I $ 8,936,451 $ 9,049,995 $ 1,771,537 $ 5,817,838 $ 34,490 $ 34,490 CRE Owner-Occupied CRE 322,148 415,922 57,398 697,511 - - Commercial Construction, Land Development, and Other Land 4,353,817 4,353,819 577,611 1,022,930 - - Other Non Owner-Occupied CRE 1,436,149 1,436,149 58,910 1,370,574 - - Direct Financing Leases 3,256,264 3,256,264 848,919 2,573,715 79,764 79,764 Residential Real Estate 1,661,180 1,774,513 289,112 1,537,801 21,578 21,578 Installment and Other Consumer 106,090 106,090 39,481 361,559 5,002 5,002 $ 20,072,099 $ 20,392,752 $ 3,642,968 $ 13,381,928 $ 140,834 $ 140,834 Impaired loans/leases for which no ’s current estimates. 2015 Classes of Loans/Leases Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Recognized for Cash Payments Received Impaired Loans/Leases with No Specific Allowance Recorded: C&I $ 234,636 $ 346,072 $ - $ 380,495 $ 7,436 $ 7,436 CRE Owner-Occupied CRE 256,761 350,535 - 447,144 - - Commercial Construction, Land Development, and Other Land - 228,818 - 117,406 - - Other Non Owner-Occupied CRE 1,578,470 1,578,470 - 2,953,888 - - Direct Financing Leases 871,884 871,884 - 892,281 4,142 4,142 Residential Real Estate 613,486 649,064 - 1,047,001 3,929 3,929 Installment and Other Consumer 377,304 377,304 - 817,854 9,563 9,563 $ 3,932,541 $ 4,402,147 $ - $ 6,656,069 $ 25,070 $ 25,070 Impaired Loans/Leases with Specific Allowance Recorded: C&I $ 5,051,846 $ 5,055,685 $ 2,592,270 $ 4,811,046 $ - $ - CRE Owner-Occupied CRE - - - - - - Commercial Construction, Land Development, and Other Land 193,804 205,804 76,934 195,986 - - Other Non Owner-Occupied CRE - - - - - - Direct Financing Leases 829,457 829,457 306,193 474,458 - - Residential Real Estate 805,301 805,301 185,801 712,085 7,913 7,913 Installment and Other Consumer 210,438 210,438 143,089 189,539 5,693 5,693 $ 7,090,846 $ 7,106,685 $ 3,304,287 $ 6,383,114 $ 13,606 $ 13,606 Total Impaired Loans/Leases: C&I $ 5,286,482 $ 5,401,757 $ 2,592,270 $ 5,191,541 $ 7,436 $ 7,436 CRE Owner-Occupied CRE 256,761 350,535 - 447,144 - - Commercial Construction, Land Development, and Other Land 193,804 434,622 76,934 313,392 - - Other Non Owner-Occupied CRE 1,578,470 1,578,470 - 2,953,888 - - Direct Financing Leases 1,701,341 1,701,341 306,193 1,366,739 4,142 4,142 Residential Real Estate 1,418,787 1,454,365 185,801 1,759,086 11,842 11,842 Installment and Other Consumer 587,742 587,742 143,089 1,007,393 15,256 15,256 $ 11,023,387 $ 11,508,832 $ 3,304,287 $ 13,039,183 $ 38,676 $ 38,676 Impaired loans/leases for which no ’s current estimates. For C&I and CRE loans, the Company’s credit quality indicator is internally assigned risk ratings. Each commercial loan is assigned a risk rating upon origination. The risk rating is reviewed every 15 1 For direct financing leases, residential real estate loans, and installment and other consumer loans, the Company ’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated daily by the Company’s loan system. For each class of financing receivable, the following presents the recorded investment by credit quality i ndicator as of December 31, 2017 2016: 2017 CRE Non Owner-Occupied Internally Assigned Risk Rating C&I Owner-Occupied CRE Commercial Construction, Land Development, and Other Land Other CRE Total As a % of Total Pass (Ratings 1 through 5) $ 1,098,722,101 $ 318,293,608 $ 179,142,839 $ 767,119,909 $ 2,363,278,457 96.94 % Special Mention (Rating 6) 10,944,924 8,230,060 1,780,000 10,068,870 31,023,854 1.27 % Substandard (Rating 7) 24,578,731 6,218,809 5,479,565 7,158,221 43,435,326 1.78 % Doubtful (Rating 8) 270,559 - - - 270,559 0.01 % $ 1,134,516,315 $ 332,742,477 $ 186,402,404 $ 784,347,000 $ 2,438,008,197 100.00 % 2017 Delinquency Status * Direct Financing Leases Residential Real Estate Installment and Other Consumer Total As a % of Total Performing $ 137,778,740 $ 256,935,448 $ 118,333,529 $ 513,047,716 98.91 % Nonperforming 3,669,492 1,710,818 277,270 5,657,580 1.09 % $ 141,448,232 $ 258,646,265 $ 118,610,799 $ 518,705,296 100.00 % 2016 CRE Non Owner-Occupied Internally Assigned Risk Rating C&I Owner-Occupied CRE Commercial Construction, Land Development, and Other Land Other CRE Total As a % of Total Pass (Ratings 1 through 5) $ 796,568,451 $ 314,447,662 $ 158,108,465 $ 582,854,048 $ 1,851,978,626 96.40 % Special Mention (Rating 6) 6,305,772 7,559,380 1,780,000 4,437,122 $ 20,082,274 1.05 % Substandard (Rating 7) 24,763,040 10,380,369 5,261,026 8,630,578 $ 49,035,013 2.55 % Doubtful (Rating 8) - 210 - - $ 210 0.00 % $ 827,637,263 $ 332,387,621 $ 165,149,491 $ 595,921,748 $ 1,921,096,123 100.00 % 2016 Delinquency Status * Direct Financing Leases Residential Real Estate Installment and Other Consumer Total As a % of Total Performing $ 161,749,710 $ 227,277,070 $ 81,449,104 $ 470,475,884 98.77 % Nonperforming 3,669,650 1,956,034 216,591 $ 5,842,275 1.23 % $ 165,419,360 $ 229,233,104 $ 81,665,695 $ 476,318,159 100.00 % *Performing = loans/leases accruing and less than 90 . Nonperforming = loans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 As of December 31, 2017 2016, $9,394,967 $8,647,007, For each class of financing receivable, the following presents the number and recorded investment of TDRs, by type of concession, that were restructured during the years ended December 31, 2017 2016. December 31, 2017 2016, 2017 Classes of Loans/Leases Number of Loans / Leases Pre- Modification Recorded Investment Post- Modification Recorded Investment Specific Allowance CONCESSION - Extension of Maturity Direct Financing Leases 3 $ 115,236 $ 115,236 $ - 3 $ 115,236 $ 115,236 $ - CONCESSION - Significant Payment Delay C&I 7 $ 826,531 $ 826,531 $ 62,596 CRE - Owner Occupied 1 $ 107,322 $ 107,322 - Direct Financing Leases 24 1,703,255 1,703,255 - 32 $ 2,637,108 $ 2,637,108 $ 62,596 TOTAL 35 $ 2,752,344 $ 2,752,344 $ 62,596 2016 Classes of Loans/Leases Number of Loans/Leases Pre- Modification Recorded Investment Post- Modification Recorded Investment Specific Allowance CONCESSION - Extension of Maturity C&I 3 $ 247,476 $ 247,476 $ 60,767 Direct Financing Leases 4 410,653 410,653 38,476 Residential Real Estate 1 277,092 277,092 187,492 8 $ 935,221 $ 935,221 $ 286,735 CONCESSION - Significant Payment Delay C&I 7 $ 4,562,427 $ 4,562,427 $ 813,041 Direct Financing Leases 13 1,149,493 1,149,493 125,940 20 $ 5,711,920 $ 5,711,920 $ 938,981 CONCESSION - Interest Rate Adjusted Below Market CRE - Other 1 $ 1,233,740 $ 1,233,740 $ - 1 $ 1,233,740 $ 1,233,740 $ - TOTAL 29 $ 7,880,881 $ 7,880,881 $ 1,225,716 Of the TDRs reported above, seven $279,245 December 31, 2017 eight $2,008,424 December 31, 2016. For the year ended December 31, 2017, six $251,940 12 90 December 31, 2016, no 12 Not he Company had two 2017, $65,623. three 2016, $341,952. Loans are made in the normal course of business to directors, executive officers, and their related interests. The terms of these loans, including interest rates and collateral, are similar to those prevailing for comparable transactions with other persons. An analysis of the changes in the aggregate committed amount of loans greater than or equal to $60,000 December 31, 2017, 2016, 2015, 2017 2016 2015 Balance, beginning $ 61,608,976 $ 42,012,313 $ 42,469,111 Net increase (decrease) due to change in related parties 11,926,759 19,945,960 (3,606,418 ) Advances 13,090,798 4,806,616 19,040,675 Repayments (20,184,585 ) (5,155,913 ) (15,891,055 ) Balance, ending $ 66,441,948 $ 61,608,976 $ 42,012,313 The Company ’s loan portfolio includes a geographic concentration in the Midwest. Additionally, the loan portfolio includes a concentration of loans in certain industries as of December 31, 2017 2016 2017 2016 Industry Name Balance Percentage of Total Loans/Leases Balance Percentage of Total Loans/Leases Lessors of Non-Residential Buildings $ 400,622,681 14 % $ 359,040,649 15 % Lessors of Residential Buildings 370,353,561 12 % 166,036,201 7 % Administration of Urban Planning & Community & Rural Development 83,343,541 3 % 37,097,000 2 % Bank Holding Companies 66,950,294 2 % 66,069,612 3 % Nonresidential Property Managers 51,984,722 2 % 76,504,076 3 % Concentrations within the leasing portfolio are monitored by equipment type – none 50 No |