0000721994-22-000041 | 10-Q | XBRL Viewer

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Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2022	Apr. 21, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	0-11487
Entity Registrant Name	LAKELAND FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1559596
Entity Address, Address Line One	202 East Center Street,
Entity Address, City or Town	Warsaw
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46580
City Area Code	574
Local Phone Number	267‑6144
Title of 12(b) Security	Common stock, No par value
Trading Symbol	LKFN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,346,149
Entity Central Index Key	0000721994
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 71,669	$ 51,830
Short-term investments	403,355	631,410
Total cash and cash equivalents	475,024	683,240
Securities available-for-sale (carried at fair value)	1,522,535	1,398,558
Real estate mortgage loans held-for-sale	2,234	7,470
Loans, net of allowance for credit losses of $67,526 and $67,773	4,286,188	4,220,068
Land, premises and equipment, net	58,883	59,309
Bank owned life insurance	97,722	97,652
Federal Reserve and Federal Home Loan Bank stock	12,840	13,772
Accrued interest receivable	19,448	17,674
Goodwill	4,970	4,970
Other assets	92,415	54,610
Total assets	6,572,259	6,557,323
LIABILITIES
Noninterest bearing deposits	1,880,418	1,895,481
Interest bearing deposits	3,940,205	3,839,926
Total deposits	5,820,623	5,735,407
Borrowings - Federal Home Loan Bank advances	75,000	75,000
Accrued interest payable	2,303	2,619
Other liabilities	65,231	39,391
Total liabilities	5,963,157	5,852,417
STOCKHOLDERS’ EQUITY
Common stock: 90,000,000 shares authorized, no par value 25,816,997 shares issued and 25,346,149 outstanding as of March 31, 2022, 25,777,609 shares issued and 25,300,793 outstanding as of December 31, 2021	121,138	120,615
Retained earnings	596,578	583,134
Accumulated other comprehensive income (loss)	(93,687)	16,093
Treasury stock at cost (470,848 shares as of March 31, 2022, 476,816 shares as of December 31, 2021)	(15,016)	(15,025)
Total stockholders’ equity	609,013	704,817
Noncontrolling interest	89	89
Total equity	609,102	704,906
Total liabilities and equity	$ 6,572,259	$ 6,557,323

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Valuation allowance after adoption of ASC 326	$ 67,526	$ 67,773
Common stock, shares authorized (in shares)	90,000,000	90,000,000
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares issued (in shares)	25,816,997	25,777,609
Common stock, shares outstanding (in shares)	25,346,149	25,300,793
Treasury stock, at cost (in shares)	470,848	476,816

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest and fees on loans
Taxable	$ 39,735	$ 43,461
Tax exempt	169	104
Interest and dividends on securities
Taxable	3,278	1,835
Tax exempt	4,606	2,489
Other interest income	246	88
Total interest income	48,034	47,977
Interest on deposits	3,081	4,218
Interest on borrowings
Short-term	0	7
Long-term	73	73
Total interest expense	3,154	4,298
NET INTEREST INCOME	44,880	43,679
Provision for credit losses	417	1,477
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	44,463	42,202
NONINTEREST INCOME
Wealth advisory fees	2,287	2,178
Investment brokerage fees	519	464
Service charges on deposit accounts	2,809	2,491
Loan and service fees	2,889	2,776
Merchant card fee income	815	622
Bank owned life insurance income (loss)	(83)	756
Interest rate swap fee income	50	249
Mortgage banking income	509	1,373
Net securities gains	0	753
Other income	892	895
Total noninterest income	10,687	12,557
NONINTEREST EXPENSE
Salaries and employee benefits	14,392	14,385
Net occupancy expense	1,629	1,503
Equipment costs	1,411	1,445
Data processing fees and supplies	3,081	3,319
Corporate and business development	1,219	1,509
FDIC insurance and other regulatory fees	439	464
Professional fees	1,559	1,877
Other expense	3,239	2,244
Total noninterest expense	26,969	26,746
INCOME BEFORE INCOME TAX EXPENSE	28,181	28,013
Income tax expense	4,539	5,030
NET INCOME	$ 23,642	$ 22,983
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares)	25,515,271	25,457,659
BASIC EARNINGS PER COMMON SHARE (in dollars per share)	$ 0.93	$ 0.90
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares)	25,690,372	25,550,111
DILUTED EARNINGS PER COMMON SHARE (in dollars per share)	$ 0.92	$ 0.90

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 23,642	$ 22,983
Change in securities available-for-sale:
Unrealized holding gain (loss) on securities available-for-sale arising during the period	(138,995)	(15,297)
Reclassification adjustment for gains included in net income	0	(753)
Net securities gain (loss) activity during the period	(138,995)	(16,050)
Tax effect	29,188	3,371
Net of tax amount	(109,807)	(12,679)
Defined benefit pension plans:
Amortization of net actuarial loss	36	60
Net gain activity during the period	36	60
Tax effect	(9)	(15)
Net of tax amount	27	45
Total other comprehensive income (loss), net of tax	(109,780)	(12,634)
Comprehensive income (loss)	$ (86,138)	$ 10,349

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Impact of adopting ASC 326	Common Stock	Retained Earnings	Retained Earnings Impact of adopting ASC 326	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total Stockholders’ Equity	Total Stockholders’ Equity Impact of adopting ASC 326	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020			25,239,748
Beginning balance at Dec. 31, 2020	$ 657,184	$ (6,951)	$ 114,927	$ 529,005	$ (6,951)	$ 27,744	$ (14,581)	$ 657,095	$ (6,951)	$ 89
Accounting standards update	ASU 2016-13
Net income	$ 22,983			22,983				22,983
Net current period other comprehensive income (loss)	(12,634)					(12,634)		(12,634)
Cash dividends declared and paid, $0.34 per share	(8,647)			(8,647)				(8,647)
Treasury shares purchased under deferred directors' plan (in shares)			(3,634)
Treasury shares purchased under deferred directors' plan	0		$ 219				(219)
Treasury shares sold and distributed under deferred directors' plan (in shares)			5,664
Treasury shares sold and distributed under deferred directors' plan			$ (115)				115
Stock activity under equity compensation plans (in shares)			49,130
Stock activity under equity compensation plans	(1,648)		$ (1,648)					(1,648)
Stock based compensation expense	1,381		$ 1,381					1,381
Ending balance (in shares) at Mar. 31, 2021			25,290,908
Ending balance at Mar. 31, 2021	651,668		$ 114,764	536,390		15,110	(14,685)	651,579		89
Beginning balance (in shares) at Dec. 31, 2021			25,300,793
Beginning balance at Dec. 31, 2021	704,906		$ 120,615	583,134		16,093	(15,025)	704,817		89
Net income	23,642			23,642				23,642
Net current period other comprehensive income (loss)	(109,780)					(109,780)		(109,780)
Cash dividends declared and paid, $0.34 per share	(10,198)			(10,198)				(10,198)
Treasury shares purchased under deferred directors' plan (in shares)			(2,587)
Treasury shares purchased under deferred directors' plan	0		$ 212				(212)
Treasury shares sold and distributed under deferred directors' plan (in shares)			8,555
Treasury shares sold and distributed under deferred directors' plan	0		$ (221)				221
Stock activity under equity compensation plans (in shares)			39,388
Stock activity under equity compensation plans	(1,728)		$ (1,728)					(1,728)
Stock based compensation expense	2,260		$ 2,260					2,260
Ending balance (in shares) at Mar. 31, 2022			25,346,149
Ending balance at Mar. 31, 2022	$ 609,102		$ 121,138	$ 596,578		$ (93,687)	$ (15,016)	$ 609,013		$ 89

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared, per share	$ 0.40	$ 0.34

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 23,642	$ 22,983
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	1,516	1,575
Provision for credit losses	417	1,477
Amortization of loan servicing rights	223	198
Net change in loan servicing rights valuation allowance	(360)	(197)
Loans originated for sale, including participations	(12,468)	(32,629)
Net gain on sales of loans	(513)	(1,233)
Proceeds from sale of loans, including participations	18,058	25,692
Net (gain) loss on sales of premises and equipment	1	(1)
Net gain on sales and calls of securities available-for-sale	0	(753)
Net securities amortization	1,654	958
Stock based compensation expense	2,260	1,381
Losses (earnings) on life insurance	83	(756)
Gain on life insurance	0	(202)
Tax benefit of stock award issuances	(500)	(266)
Net change:
Interest receivable and other assets	(2,822)	(1,415)
Interest payable and other liabilities	16,513	6,980
Total adjustments	24,062	809
Net cash from operating activities	47,704	23,792
Cash flows from investing activities:
Proceeds from sale of securities available- for-sale	0	13,506
Proceeds from maturities, calls and principal paydowns of securities available-for-sale	29,647	31,734
Purchases of securities available-for-sale	(292,127)	(161,224)
Purchase of life insurance	(43)	(528)
Net (increase) decrease in total loans	(66,537)	174,303
Proceeds from sales of land, premises and equipment	0	2
Purchases of land, premises and equipment	(1,091)	(2,162)
Proceeds from redemption of Federal Home Loan Bank stock	932	0
Proceeds from life insurance	0	329
Net cash from investing activities	(329,219)	55,960
Cash flows from financing activities:
Net increase in total deposits	85,216	193,165
Net increase (decrease) in short-term borrowings	0	(10,500)
Common dividends paid	(10,198)	(8,647)
Payments related to equity incentive plans	(1,728)	(1,648)
Purchase of treasury stock	(212)	(219)
Sale of treasury stock	221	115
Net cash from financing activities	73,299	172,266
Net change in cash and cash equivalents	(208,216)	252,018
Cash and cash equivalents at beginning of the period	683,240	249,927
Cash and cash equivalents at end of the period	475,024	501,945
Cash paid during the period for:
Interest	3,470	5,973
Supplemental non-cash disclosures:
Loans transferred to other real estate owned	0	131
Securities purchases payable	2,146	5,855
Right-of-use assets obtained in exchange for lease liabilities	$ 1,612	$ 0

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION This report is filed for Lakeland Financial Corporation (the "Company"), which has two wholly owned subsidiaries, Lake City Bank (the "Bank") and LCB Risk Management, a captive insurance company. Also included in this report are results for the Bank’s wholly owned subsidiary, LCB Investments II, Inc. ("LCB Investments"), which manages the Bank’s investment portfolio. LCB Investments owns LCB Funding, Inc. ("LCB Funding"), a real estate investment trust. All significant inter-company balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and are unaudited. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for any subsequent reporting periods, including the year ending December 31, 2022. The Company’s 2021 Annual Report on Form 10-K should be read in conjunction with these statements. Newly Issued But Not Yet Effective Accounting Standards On March 12, 2020, the FASB issued Accounting Standards Update (ASU) 2020-04, "Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASC 848 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The Company has formed a cross-functional project team to lead the transition from LIBOR to a planned adoption of reference rates which could include Secured Overnight Financing Rate (“SOFR”), amongst others. The Company has identified loans that renewed prior to 2021 and obtained updated reference rate language at the time of renewal. Additionally, management is utilizing the timeline guidance published by the Alternative Reference Rates Committee to develop and achieve internal milestones during this transitional period. The Company has adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020. The Company discontinued the use of new LIBOR-based loans by December 31, 2021, according to regulatory guidelines. Legacy LIBOR-based loans will be transitioned to an alternative reference rate on or before June 30, 2023. The guidance under ASC 848 will be available for a limited time, generally through December 31, 2022. The Company expects to adopt the LIBOR transition relief allowed under this standard, and does note expect such adoption to have a material impact on the consolidated financial statements. In March 2022, the FASB issued ASU 2022-01, "Derivatives and Hedging (ASC 815): Fair Value Hedging - Portfolio Layer Method." ASC 815 currently permits only prepayable financial assets and one or more beneficial interests secured by a portfolio of prepayable financial instruments to be included in a last-of-layer closed portfolio. The amendments in this Update allow nonprepayable financial assets to also be included in a closed portfolio hedged using the portfolio layer method. That expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and nonpreapayble financial assets, thereby allowing consistent accounting for similar hedges. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The Company does not expect the adoption of this standard to have a material impact on the consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, "Financial Instruments - Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures." The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of existing loan. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current-period gross writeoffs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments in Update 2016-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption using prospective application, including adoption in an interim period where the guidance should be applied as of the beginning of the fiscal year. The Company is currently assessing the impact of ASU 2022-02 on its disclosures and control structure; however, the Company does not expect the adoption of this standard to have a material impact on the consolidated financial statements. Reclassification Certain amounts appearing in the consolidated financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had no effect on net income or stockholders' equity as previously reported.

SECURITIES

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

SECURITIES

Information related to the amortized cost, fair value and allowance for credit losses of securities available-for-sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is provided in the tables below.


(dollars in thousands)	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
March 31, 2022
U.S. Treasury securities	$	2,250	$	0	$	(4)	$	0	$	2,246
U.S. government sponsored agencies	164,514		0		(11,622)		0		152,892
Mortgage-backed securities: residential	634,654		680		(39,013)		0		596,321
Mortgage-backed securities: commercial	96		0		0		0		96
State and municipal securities	838,427		4,608		(72,055)		0		770,980
Total	$	1,639,941	$	5,288	$	(122,694)	$	0	$	1,522,535

December 31, 2021
U.S. Treasury securities	$	900	$	0	$	0	$	0	$	900
U.S. government sponsored agencies	145,858		39		(2,445)		0		143,452
Mortgage-backed securities: residential	487,157		4,455		(4,936)		0		486,676
Mortgage-backed securities: commercial	522		1		0		0		523
State and municipal securities	742,532		25,749		(1,274)		0		767,007
Total	$	1,376,969	$	30,244	$	(8,655)	$	0	$	1,398,558

Information regarding the fair value and amortized cost of available-for-sale debt securities by maturity as of March 31, 2022 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.


(dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	3,356	$	3,357
Due after one year through five years	11,031		11,140
Due after five years through ten years	54,556		54,559
Due after ten years	936,248		857,062
	1,005,191		926,118
Mortgage-backed securities	634,750		596,417
Total debt securities	$	1,639,941	$	1,522,535

Securities proceeds, gross gains and gross losses are presented below.


	Three Months Ended March 31,
(dollars in thousands)		2022		2021
Sales of securities available-for-sale
Proceeds		$	0	$	13,506
Gross gains		0		753
Gross losses		0		0
Number of securities		0		7

In accordance with ASU No. 2017-8, purchase premiums for callable securities are amortized to the earliest call date and premiums on non-callable securities as well as discounts are recognized in interest income using the interest method over the terms of the securities or over the estimated lives of mortgage-backed securities. Gains and losses on sales are based on the amortized cost of the security sold and recorded on the trade date.

Securities with carrying values of $272.6 million and $300.8 million were pledged as of March 31, 2022 and December 31, 2021, respectively, as collateral for borrowings from the Federal Home Loan Bank and Federal Reserve Bank and for other purposes as permitted or required by law.

Information regarding securities with unrealized losses as of March 31, 2022 and December 31, 2021 is presented below. The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.


	Less than 12 months				12 months or more				Total
(dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
March 31, 2022
U.S. Treasury securities	$	2,246	$	4	$	0	$	0	$	2,246	$	4
U.S. government sponsored agencies	126,338		8,757		26,554		2,865		152,892		11,622
Mortgage-backed securities: residential	441,367		26,752		109,331		12,261		550,698		39,013
Mortgage-backed securities: commercial	96		0		0		0		96		0
State and municipal securities	560,210		71,480		3,497		575		563,707		72,055
Total temporarily impaired	$	1,130,257	$	106,993	$	139,382	$	15,701	$	1,269,639	$	122,694

December 31, 2021
U.S. government sponsored agencies	$	85,968	$	1,364	$	28,676	$	1,081	$	114,644	$	2,445
Mortgage-backed securities: residential	272,264		4,076		22,792		860		295,056		4,936

State and municipal securities	138,659		1,274		0		0		138,659		1,274
Total temporarily impaired	$	496,891	$	6,714	$	51,468	$	1,941	$	548,359	$	8,655

The total number of securities with unrealized losses as of March 31, 2022 and December 31, 2021 is presented below.


	Less than 12 months	12 months or more	Total
March 31, 2022
U.S. Treasury securities	6	0	6
U.S. government sponsored agencies	12	5	17
Mortgage-backed securities: residential	90	15	105
Mortgage-backed securities: commercial	1	0	1
State and municipal securities	376	3	379
Total temporarily impaired	485	23	508

December 31, 2021
U.S. government sponsored agencies	8	5	13
Mortgage-backed securities: residential	29	3	32

State and municipal securities	80	0	80
Total temporarily impaired	117	8	125

Available-for-sale debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For available-for sale debt securities in an unrealized loss position, management first assesses whether it intends to sell, or it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through the consolidated income statement. For available-for sale debt securities that do not meet the criteria, management evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this

assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security and the issuer, among other factors. If this assessment indicates that a credit loss exists, management compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount that the fair value of the security is less than its amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (loss), net of applicable taxes. No allowance for credit losses for available-for-sale debt securities was needed at March 31, 2022. Accrued interest receivable on available-for-sale debt securities totaled $8.8 million and $7.4 million at March 31, 2022 and December 31, 2021, respectively, and is excluded from the estimate of credit losses.

The U.S. government sponsored agencies and mortgage-backed securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major credit rating agencies, and have a long history of no credit losses. Therefore, for those securities, we do not record expected credit losses.

LOANS

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

LOANS


(dollars in thousands)	March 31, 2022				December 31, 2021
Commercial and industrial loans:
Working capital lines of credit loans	$	678,567	15.6	%	$	652,861	15.2	%
Non-working capital loans	784,890		18.0		736,608		17.2
Total commercial and industrial loans	1,463,457		33.6		1,389,469		32.4

Commercial real estate and multi-family residential loans:
Construction and land development loans	399,618		9.2		379,813		8.9
Owner occupied loans	724,588		16.6		739,371		17.2
Nonowner occupied loans	619,163		14.2		588,458		13.7
Multifamily loans	214,003		4.9		247,204		5.8
Total commercial real estate and multi-family residential loans	1,957,372		44.9		1,954,846		45.6

Agri-business and agricultural loans:
Loans secured by farmland	164,252		3.8		206,331		4.8
Loans for agricultural production	259,417		6.0		239,494		5.6
Total agri-business and agricultural loans	423,669		9.8		445,825		10.4

Other commercial loans	78,412		1.8		73,490		1.7
Total commercial loans	3,922,910		90.1		3,863,630		90.1

Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	180,448		4.1		176,561		4.1
Open end and junior lien loans	158,583		3.6		156,238		3.6
Residential construction and land development loans	11,135		0.3		11,921		0.3
Total consumer 1-4 family mortgage loans	350,166		8.0		344,720		8.0

Other consumer loans	83,395		1.9		82,755		1.9
Total consumer loans	433,561		9.9		427,475		9.9
Subtotal	4,356,471		100.0	%	4,291,105		100.0	%
Less: Allowance for credit losses	(67,526)				(67,773)
Net deferred loan fees	(2,757)				(3,264)
Loans, net	$	4,286,188			$	4,220,068

The recorded investment in loans does not include accrued interest, which totaled $10.3 million and $10.0 million at March 31, 2022 and December 31, 2021, respectively.

The Company had $239,000 and $350,000 in residential real estate loans in the process of foreclosure as of March 31, 2022 and December 31, 2021, respectively.

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

3 Months Ended

Mar. 31, 2022

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

The Company maintains an allowance for credit losses to provide for expected credit losses. Losses are charged against the allowance when management believes that the principal is uncollectable. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance are made for specific loans and for pools of similar types of loans, although the entire allowance is available for any loan that, in management’s judgment, should be charged against the allowance. A provision for credit losses is taken based on management’s ongoing evaluation of the appropriate allowance balance. A formal evaluation of the adequacy of the credit loss allowance is conducted monthly. The ultimate recovery of all loans is susceptible to future market factors beyond the Company’s control.

The level of credit loss provision is influenced by growth in the overall loan portfolio, emerging market risk, emerging concentration risk, commercial loan focus and large credit concentration, new industry lending activity, general economic conditions and historical loss analysis. In addition, management gives consideration to changes in the facts and circumstances of watch list credits, which includes the security position of the borrower, in determining the appropriate level of the credit loss provision. Furthermore, management’s overall view on credit quality is a factor in the determination of the provision.

The determination of the appropriate allowance is inherently subjective, as it requires significant estimates by management. The Company has an established process to determine the adequacy of the allowance for credit losses that generally includes consideration of changes in the nature and volume of the loan portfolio and overall portfolio quality, along with current and forecasted economic conditions that may affect borrowers’ ability to repay. Consideration is not limited to these factors although they represent the most commonly cited factors. To determine the specific allocation levels for individual credits, management considers the current valuation of collateral and the amounts and timing of expected future cash flows as the primary measures. Management also considers trends in adversely classified loans based upon an ongoing review of those credits. With respect to pools of similar loans, an appropriate level of general allowance is determined by portfolio segment using a probability of default-loss given default (“PD/LGD”) model, subject to a floor. A default can be triggered by one of several different asset quality factors, including past due status, nonaccrual status, TDR status or if the loan has had a charge-off. This PD is then combined with a LGD derived from historical charge-off data to construct a default rate. This loss rate is then supplemented with adjustments for reasonable and supportable forecasts of relevant economic indicators, particularly the unemployment rate forecast from the Federal Open Market Committee’s Summary of Economic Projections, and other environmental factors based on the risks present for each portfolio segment. These environmental factors include consideration of the following: levels of, and trends in, delinquencies and nonperforming loans; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedure, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. It is also possible that these factors could include social, political, economic, and terrorist events or activities. All of these factors are susceptible to change, which may be significant. As a result of this detailed process, the allowance results in two forms of allocations, specific and general. These two components represent the total allowance for credit losses deemed adequate to cover probable losses inherent in the loan portfolio.

Commercial loans are subject to a dual standardized grading process administered by the credit administration function. These grade assignments are performed independent of each other and a consensus is reached by credit administration and the loan review officer. Specific allowances are established in cases where management has identified significant conditions or circumstances related to an individual credit that indicate it should be evaluated on an individual basis. Considerations with respect to specific allocations for these individual credits include, but are not limited to, the following: (a) the sufficiency of the customer’s cash flow or net worth to repay the loan; (b) the adequacy of the discounted value of collateral relative to the loan balance; (c) whether the loan has been criticized in a regulatory examination; (d) whether the loan is nonperforming; (e) any other reasons the ultimate collectability of the loan may be in question; or (f) any unique loan characteristics that require special monitoring.

Allocations are also applied to categories of loans considered not to be individually analyzed, but for which the rate of loss is expected to be consistent with or greater than historical averages. Such allocations are based on past loss experience and information about specific borrower situations and estimated collateral values. These general pooled loan allocations are performed for portfolio segments of commercial and industrial; commercial real estate, multi-family, and construction; agri-business and agricultural; other commercial loans; and consumer 1-4 family mortgage and other consumer loans. General allocations of the allowance are determined by a historical loss rate based on the calculation of each pool’s probability of default-loss given default, subject to a floor. The length of the historical period for each pool is based on the average life of the pool. The historical loss rates are supplemented with consideration of economic conditions and portfolio trends.

Due to the imprecise nature of estimating the allowance for credit losses, the Company’s allowance for credit losses includes an unallocated component. The unallocated component of the allowance for credit losses incorporates the Company’s judgmental determination of potential expected losses that may not be fully reflected in other allocations, including factors such as the level of classified credits, economic uncertainties, industry trends impacting specific portfolio segments, broad portfolio quality trends, and trends in the composition of the Company’s large commercial loan portfolio and related large dollar exposures to individual borrowers. As a practical expedient, the Company has elected to disclose accrued interest separately from loan principal balances on the consolidated balance sheet. Additionally, when a loan is placed on non-accrual, interest payments are reversed through interest income.

For off balance sheet credit exposures outlined in the ASU at 326-20-30-11, it is the Company’s position that nearly all of the unfunded amounts on lines of credit are unconditionally cancellable, and therefore not subject to having a liability recorded.

The following tables present the activity in the allowance for credit losses by portfolio segment for the periods ended:


(dollars in thousands)	Commercial and Industrial		Commercial Real Estate and Multifamily Residential		Agri-business and Agricultural		Other Commercial		Consumer 1-4 Family Mortgage		Other Consumer		Unallocated		Total
Three Months Ended March 31, 2022
Beginning balance, January 1	$	30,595	$	26,535	$	5,034	$	1,146	$	2,866	$	1,147	$	450	$	67,773

Provision for credit losses	730		319		(273)		(88)		(248)		(55)		32		417
Loans charged-off	(19)		(597)		0		0		(22)		(102)		0		(740)
Recoveries	16		0		0		0		10		50		0		76
Net loans (charged-off) recovered	(3)		(597)		0		0		(12)		(52)		0		(664)
Ending balance	$	31,322	$	26,257	$	4,761	$	1,058	$	2,606	$	1,040	$	482	$	67,526


(dollars in thousands)	Commercial and Industrial		Commercial Real Estate and Multifamily Residential		Agri-business and Agricultural		Other Commercial		Consumer 1-4 Family Mortgage		Other Consumer		Unallocated		Total
Three Months Ended March 31, 2021
Beginning balance, January 1	$	28,333	$	22,907	$	3,043	$	416	$	2,619	$	951	$	3,139	$	61,408
Impact of adopting ASC 326	4,312		4,316		1,060		941		953		349		(2,881)		9,050
Provision for credit losses	(540)		2,285		(202)		(185)		(233)		13		339		1,477
Loans charged-off	(87)		(71)		0		0		(6)		(72)		0		(236)
Recoveries	34		8		0		0		51		52		0		145
Net loans (charged-off) recovered	(53)		(63)		0		0		45		(20)		0		(91)
Ending balance	$	32,052	$	29,445	$	3,901	$	1,172	$	3,384	$	1,293	$	597	$	71,844

Credit Quality Indicators:

The Company 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 Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis for Special Mention, Substandard and Doubtful grade loans and annually on Pass grade loans over $250,000.

The Company 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 institution’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 Company 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 characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans are considered to be "Pass" rated when they are reviewed as part of the previously described process and do not meet the criteria above with the exception of consumer troubled debt restructurings, which are evaluated and listed with Substandard commercial grade loans and consumer nonaccrual loans which are evaluated individually and listed with “Not Rated” loans. Loans listed as Not Rated are consumer loans or commercial loans with consumer characteristics included in groups of homogenous loans which are analyzed for credit quality indicators utilizing delinquency status.

The following table summarizes the risk category of loans by loan segment and origination date as of March 31, 2022:


(dollars in thousands)	2022			2021		2020		2019			2018		Prior		Term Total		Revolving		Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass	$	0		$	3,082	$	764	$	3,045		$	0	$	0	$	6,891	$	593,938	$	600,829
Special Mention	0			0		0		0			0		0		0		59,209		59,209
Substandard	0			0		74		0			0		0		74		18,542		18,616


Total	0			3,082		838		3,045			0		0		6,965		671,689		678,654
Non-working capital loans:
Pass	63,830			165,396		123,800		71,707			23,723		31,231		479,687		256,462		736,149
Special Mention	209			16,535		0		216			635		3,657		21,252		79		21,331
Substandard	0			2,937		6,380		862			2,370		5,217		17,766		3,835		21,601

Not Rated	399			2,105		1,627		710			417		96		5,354		0		5,354
Total	64,438			186,973		131,807		73,495			27,145		40,201		524,059		260,376		784,435
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass	9,322			37,819		20,870		542			573		0		69,126		328,593		397,719
Special Mention	0			0		0		0			0		0		0		56		56



Total	9,322			37,819		20,870		542			573		0		69,126		328,649		397,775
Owner occupied loans:
Pass	20,705			166,777		174,001		108,181			78,260		126,142		674,066		28,228		702,294
Special Mention	0			6,277		0		865			909		9,180		17,231		0		17,231
Substandard	0			473		1,679		894			1,161		236		4,443		0		4,443


Total	20,705			173,527		175,680		109,940			80,330		135,558		695,740		28,228		723,968
Nonowner occupied loans:
Pass	41,921			142,070		146,588		105,635			21,701		87,080		544,995		47,604		592,599
Special Mention	0			11,667		307		0			0		14,120		26,094		0		26,094



Total	41,921			153,737		146,895		105,635			21,701		101,200		571,089		47,604		618,693
Multifamily loans:
Pass	2,665			67,930		37,909		36,337		17,105	11,969		21,061		177,871		13,605		191,476
Special Mention	22,178			0		0		0			0		0		22,178		0		22,178



Total	24,843			67,930		37,909		36,337			11,969		21,061		200,049		13,605		213,654
Agri-business and agricultural loans:
Loans secured by farmland:
Pass	4,748			46,921		35,089		12,005			10,034		25,189		133,986		24,532		158,518
Special Mention	0			0		1,985		2,278			0		210		4,473		899		5,372
Substandard	0			0		0		0			190		145		335		0		335


Total	4,748			46,921		37,074		14,283			10,224		25,544		138,794		25,431		164,225
Loans for agricultural production:
Pass	1,573			31,444		24,820		3,985			10,372		5,356		77,550		166,721		244,271
Special Mention	0			432		7,727		1,160			0		0		9,319		5,905		15,224



Total	1,573			31,876		32,547		5,145			10,372		5,356		86,869		172,626		259,495
Other commercial loans:
Pass	2,964			6,417		20,425		3,082			1,175		15,043		49,106		25,363		74,469
Special Mention	0			0		0		0			0		3,649		3,649		0		3,649



Total	2,964			6,417		20,425		3,082			1,175		18,692		52,755		25,363		78,118
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass	1,360			13,558		15,386		5,197			5,722		4,604		45,827		6,191		52,018

Substandard	0			0		0		0			88		3,050		3,138		0		3,138

Not Rated	8,079			47,296		24,338		8,764			4,069		32,489		125,035		0		125,035
Total	9,439			60,854		39,724		13,961			9,879		40,143		174,000		6,191		180,191
Open end and junior lien loans
Pass	0		453	662		374		115			103		0		1,254		4,900		6,154

Substandard	0			0		0		0			0		2		2		26		28

Not Rated	14,626			18,637		4,667		4,967			2,976		3,304		49,177		104,879		154,056
Total	14,626			19,299		5,041		5,082			3,079		3,306		50,433		109,805		160,238
Residential construction loans




Not Rated	1,420		4,756	6,189		1,158		892			136		1,278		11,073		0		11,073
Total	1,420			6,189		1,158		892			136		1,278		11,073		0		11,073


Other consumer loans
Pass	78		2,302		787		1,167		0		1,088		5,422		17,046		22,468

Substandard	0		0		22		219		0		0		241		41		282

Not Rated	5,320		19,432		13,237		6,122		4,878		2,509		51,498		8,947		60,445
Total	5,398		21,734		14,046		7,508		4,878		3,597		57,161		26,034		83,195
TOTAL	$	201,397	$	816,358	$	664,014	$	378,947	$	181,461	$	395,936	$	2,638,113	$	1,715,601	$	4,353,714

As of March 31, 2022, $12.5 million in PPP loans were included in the "Pass" category of non-working capital commercial and industrial loans. These loans were included in this risk rating category because they are fully guaranteed by the SBA.

The following table summarizes the risk category of loans by loan segment and origination date as of December 31, 2021:


(dollars in thousands)	2021			2020		2019		2018			2017		Prior		Term Total		Revolving		Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass	$	3,699		$	830	$	3,360	$	0		$	0	$	0	$	7,889	$	558,634	$	566,523
Special Mention	0			0		0		0			0		0		0		60,441		60,441
Substandard	0			0		35		0			0		0		35		25,928		25,963


Total	3,699			830		3,395		0			0		0		7,924		645,003		652,927
Non-working capital loans:
Pass	185,374			139,157		79,477		38,899			19,415		18,489		480,811		203,794		684,605
Special Mention	17,728			0		225		979			2,350		1,426		22,708		0		22,708
Substandard	2,996			6,948		1,091		2,534			5,465		426		19,460		3,321		22,781

Not Rated	2,265			1,758		837		563			128		14		5,565		0		5,565
Total	208,363			147,863		81,630		42,975			27,358		20,355		528,544		207,115		735,659
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass	35,136			30,224		1,276		998			0		0		67,634		310,396		378,030




Total	35,136			30,224		1,276		998			0		0		67,634		310,396		378,030
Owner occupied loans:
Pass	135,861			169,404		124,117		85,070			78,155		93,925		686,532		29,611		716,143
Special Mention	6,555			0		880		933			7,387		1,235		16,990		0		16,990
Substandard	489			1,570		909		1,758			694		238		5,658		0		5,658


Total	142,905			170,974		125,906		87,761			86,236		95,398		709,180		29,611		738,791
Nonowner occupied loans:
Pass	146,342			154,433		107,262		19,054			31,023		59,154		517,268		44,362		561,630
Special Mention	11,825			331		0		0			0		14,253		26,409		0		26,409



Total	158,167			154,764		107,262		19,054			31,023		73,407		543,677		44,362		588,039
Multifamily loans:
Pass	84,678			53,195		36,575		12,286		17,105	14,574		9,793		211,101		13,434		224,535
Special Mention	0			0		0		0			22,252		0		22,252		0		22,252



Total	84,678			53,195		36,575		12,286			36,826		9,793		233,353		13,434		246,787
Agri-business and agricultural loans:
Loans secured by farmland:
Pass	47,532			37,035		16,249		10,469			10,454		17,021		138,760		61,774		200,534
Special Mention	0			1,985		2,303		0			180		30		4,498		918		5,416
Substandard	207			0		0		0			0		145		352		0		352


Total	47,739			39,020		18,552		10,469			10,634		17,196		143,610		62,692		206,302
Loans for agricultural production:
Pass	36,238			25,855		4,224		11,072			1,331		4,178		82,898		138,142		221,040
Special Mention	448			8,642		1,171		0			0		0		10,261		8,272		18,533



Total	36,686			34,497		5,395		11,072			1,331		4,178		93,159		146,414		239,573
Other commercial loans:
Pass	6,556			21,111		3,243		1,273			8,592		7,460		48,235		21,145		69,380
Special Mention	0			0		0		0			0		3,798		3,798		0		3,798



Total	6,556			21,111		3,243		1,273			8,592		11,258		52,033		21,145		73,178
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass	14,635			16,173		5,312		5,903			3,049		3,221		48,293		5,005		53,298
Special Mention	0			0		0		0			0		1,274		1,274		0		1,274


Not Rated	45,089			27,738		9,248		5,217			7,628		26,321		121,241		482		121,723
Total	59,724			43,911		14,560		11,120			10,677		30,816		170,808		5,487		176,295
Open end and junior lien loans
Pass	679		453	379		159		313			0		0		1,530		5,074		6,604

Substandard	0			0		0		0			0		0		0		98		98

Not Rated	21,945			5,624		5,987		3,899			1,653		1,526		40,634		110,523		151,157
Total	22,624			6,003		6,146		4,212			1,653		1,526		42,164		115,695		157,859
Residential construction loans




Not Rated	7,926		4,756	1,537		960		138			171		1,125		11,857		0		11,857
Total	7,926			1,537		960		138			171		1,125		11,857		0		11,857


Other consumer loans
Pass	3,401		957		1,523		0		1,155		0		7,036		12,998		20,034

Substandard	36		23		230		0		0		0		289		0		289

Not Rated	21,652		14,931		7,474		5,844		1,890		1,203		52,994		9,227		62,221
Total	25,089		15,911		9,227		5,844		3,045		1,203		60,319		22,225		82,544
TOTAL	$	839,292	$	719,840	$	414,127	$	207,202	$	217,546	$	266,255	$	2,664,262	$	1,623,579	$	4,287,841

As of December 31, 2021, $26.2 million in PPP loans were included in the "Pass" category of non-working capital commercial and industrial loans. These loans were included in this risk rating category because they are fully guaranteed by the SBA.

Nonaccrual and Past Due Loans:

The Company does not record interest on nonaccrual loans until principal is recovered. For all loan classes, a loan is generally placed on nonaccrual status when principal or interest becomes 90 days past due unless it is well secured and in the process of collection, or earlier when concern exists as to the ultimate collectability of principal or interest. Interest accrued but not received is reversed against earnings. Cash interest received on these loans is applied to the principal balance until the principal is recovered or until the loan returns to accrual status. Loans may be returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for a prescribed period, and future payments are reasonably assured.

The following table presents the aging of the amortized cost basis in past due loans as of March 31, 2022 by class of loans and loans past due 90 days or more and still accruing by class of loan:


(dollars in thousands)	Loans Not Past Due		30-89 Days Past Due		Greater than 89 Days Past Due and Accruing		Total Accruing		Total Nonaccrual		Nonaccrual With No Allowance For Credit Loss		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	678,654	$	0	$	0	$	674,338	$	4,316	$	238	$	678,654
Non-working capital loans	781,306		3,129		0		778,863		5,572		4,546		784,435
Commercial real estate and multi-family residential loans:
Construction and land development loans	397,775		0		0		397,775		0		0		397,775
Owner occupied loans	723,968		0		0		720,812		3,156		1,516		723,968
Nonowner occupied loans	618,693		0		0		618,693		0		0		618,693
Multifamily loans	213,654		0		0		213,654		0		0		213,654
Agri-business and agricultural loans:
Loans secured by farmland	164,225		0		0		163,890		335		0		164,225
Loans for agricultural production	259,495		0		0		259,495		0		0		259,495
Other commercial loans	78,118		0		0		78,118		0		0		78,118
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans	179,872		301		18		179,980		211		140		180,191
Open end and junior lien loans	160,043		195		0		160,210		28		28		160,238
Residential construction loans	11,073		0		0		11,073		0		0		11,073
Other consumer loans	83,150		45		0		82,913		282		0		83,195
Total	$	4,350,026	$	3,670	$	18	$	4,339,814	$	13,900	$	6,468	$	4,353,714

As of March 31, 2022 there were an insignificant number of loans 30-89 days past due or greater than 89 days past due on nonaccrual. Additionally, interest income recognized on nonaccrual loans was insignificant during the three month period ended March 31, 2022.

The following table presents the aging of the amortized cost basis in past due loans as of December 31, 2021 by class of loans and loans past due 90 days or more and still accruing by class of loan:


(dollars in thousands)	Loans Not Past Due		30-89 Days Past Due		Greater than 89 Days Past Due and Accruing		Total Accruing		Total Nonaccrual		Nonaccrual With No Allowance For Credit Loss		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	652,903	$	24	$	0	$	646,961	$	5,966	$	5,200	$	652,927
Non-working capital loans	735,658		1		0		731,063		4,596		229		735,659
Commercial real estate and multi-family residential loans:
Construction and land development loans	378,030		0		0		378,030		0		0		378,030
Owner occupied loans	738,791		0		0		735,157		3,634		2,129		738,791
Nonowner occupied loans	588,039		0		0		588,039		0		0		588,039
Multifamily loans	246,787		0		0		246,787		0		0		246,787
Agri-business and agricultural loans:
Loans secured by farmland	206,302		0		0		205,967		335		0		206,302
Loans for agricultural production	239,573		0		0		239,573		0		0		239,573
Other commercial loans	73,178		0		0		73,178		0		0		73,178
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans	175,678		500		117		176,240		55		55		176,295
Open end and junior lien loans	157,729		130		0		157,761		98		98		157,859
Residential construction loans	11,857		0		0		11,857		0		0		11,857
Other consumer loans	82,472		72		0		82,255		289		0		82,544
Total	$	4,286,997	$	727	$	117	$	4,272,868	$	14,973	$	7,711	$	4,287,841

As of December 31, 2021 there were an insignificant number of loans 30-89 days past due or greater than 89 days past due on nonaccrual. Additionally, interest income recognized on nonaccrual loans was insignificant during the year ended December 31, 2021.

When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant quarter over quarter changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value.

The following tables present the amortized cost basis of collateral dependent loans by class of loan as of:


	March 31, 2022
(dollars in thousands)	Real Estate		General Business Assets		Other		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	74	$	5,497	$	0	$	5,571
Non-working capital loans	1,581		9,525		229		11,335
Commercial real estate and multi-family residential loans:
Owner occupied loans	960		1,500		1,161		3,621

Agri-business and agricultural loans:
Loans secured by farmland	190		145		0		335
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	3,141		0		0		3,141
Open end and junior lien loans	28		0		0		28
Other consumer loans	0		0		63		63
Total	$	5,974	$	16,667	$	1,453	$	24,094


	December 31, 2021
(dollars in thousands)	Real Estate		General Business Assets		Other		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	5,966	$	0	$	5,966
Non-working capital loans	1,606		9,475		229		11,310
Commercial real estate and multi-family residential loans:
Owner occupied loans	1,435		1,505		1,161		4,101

Agri-business and agricultural loans:
Loans secured by farmland	190		145		0		335
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	3,081		0		0		3,081
Open end and junior lien loans	98		0		0		98
Other consumer loans	0		0		59		59
Total	$	6,312	$	17,091	$	1,449	$	24,950

Troubled Debt Restructurings:

Troubled debt restructured loans are included in the totals for individually analyzed loans. The Company has allocated $6.0 million and $5.8 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of March 31, 2022 and December 31, 2021, respectively. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring.


(dollars in thousands)	March 31, 2022		December 31, 2021
Accruing troubled debt restructured loans	$	4,976	$	5,121
Nonaccrual troubled debt restructured loans	6,443		6,218
Total troubled debt restructured loans	$	11,419	$	11,339

During the three months ended March 31, 2022, one loan was identified as a troubled debt restructuring. This loan was an over line of credit extended to an existing borrower with other previously modified loans as a result of financial difficulty to assist with cash flow needs. No additional credit enhancements were obtained in conjunction with the extension of this over line of credit.


(dollars in thousands)	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial and industrial loans:
Working capital lines of credit loans	1	$	226	$	226



Total	1	$	226	$	226

For the three month period ended March 31, 2022, the troubled debt restructuring described above did not increase the allowance for credit losses, and no charge-offs were recorded.

During the three months ended March 31, 2021, no loans were modified as troubled debt restructurings.

BORROWINGS	3 Months Ended
BORROWINGS	Mar. 31, 2022
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS For the periods ended March 31, 2022 and December 31, 2021, the Company had an advance outstanding from the Federal Home Loan Bank (“FHLB”) in the amount of $75.0 million. The outstanding FHLB advance is a ten-year fixed-rate putable advance with a rate of 0.39% and is due on March 4, 2030. The advance may not be prepaid by the Company without penalty. The note requires monthly interest payments and is secured by residential real estate loans and securities. On August 2, 2019 the Company entered into an unsecured revolving credit agreement with another financial institution allowing the Company to borrow up to $30.0 million; this credit agreement was subsequently amended and renewed on July 30, 2021. Funds provided under the agreement may be used to repurchase shares of the Company’s common stock under the share repurchase program, which was reauthorized by the Company’s board of directors on April 13, 2021, and for general operations. The credit agreement includes a negative pledge agreement whereby the Company agrees not to pledge or otherwise encumber the stock of the Bank. The credit agreement has a one year term which may be amended, extended, modified or renewed. There were no outstanding borrowings on the credit agreement at March 31, 2022 and December 31, 2021.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1I
-Subparagraph (a)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

FAIR VALUE DISCLOSURES

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE DISCLOSURES

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1 Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2 Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument:

Securities: Securities available-for-sale are valued primarily by a third party pricing service. The fair values of securities available-for-sale are determined on a recurring basis by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or pricing models which utilize significant observable inputs such as matrix pricing. This is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). These models utilize the market approach with standard inputs that include, but are not limited to benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. For certain municipal securities that are not rated and observable inputs about the specific issuer are not available, fair values are estimated

using observable data from other municipal securities presumed to be similar or other market data on other non-rated municipal securities (Level 3 inputs).

The Company’s Finance Department, which is responsible for all accounting and SEC disclosure compliance, and the Company’s Treasury Department, which is responsible for investment portfolio management and asset/liability modeling, are the two areas that determine the Company’s valuation policies and procedures. Both of these areas report directly to the Executive Vice President and Chief Financial Officer of the Company. For assets or liabilities that may be considered for Level 3 fair value measurement on a recurring basis, these two departments and the Executive Vice President and Chief Financial Officer determine the appropriate level of the assets or liabilities under consideration. If there are new assets or liabilities that are determined to be Level 3 by this group, the Risk Management Committee of the Company and the Audit Committee of the Board are made aware of such assets at their next scheduled meeting.

Securities pricing is obtained on securities from a third party pricing service and all security prices are tested annually against prices from another third party provider and reviewed with a market value price tolerance variance that varies by sector: municipal securities +/-5%, government MBS/CMO +/-3% and U.S. treasuries +/-1%. If any securities fall outside the tolerance threshold and have a variance of $100,000 or more, a determination of materiality is made for the amount over the threshold. Any security that would have a material threshold difference would be further investigated to determine why the variance exists and if any action is needed concerning the security pricing for that individual security. Changes in market value are reviewed monthly in aggregate by security type and any material changes are reviewed to determine why they exist. At least annually, the pricing methodology of the pricing service is received and reviewed to support the fair value levels used by the Company. A detailed pricing evaluation is requested and reviewed on any security determined to be fair valued using unobservable inputs by the pricing service.

Mortgage banking derivative: The fair values of mortgage banking derivatives are based on observable market data as of the measurement date (Level 2).

Interest rate swap derivatives: Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rates, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. The fair value of interest rate swap derivatives is determined by pricing or valuation models using observable market data as of the measurement date (Level 2).

Collateral dependent loans: Collateral dependent loans with specific allocations of the allowance for credit losses are generally based on the fair value of the underlying collateral when repayment is expected solely from the collateral. Fair value is determined using several methods. Generally, the fair value of real estate is based on appraisals by qualified third party appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company’s management routinely applies internal discount factors to the value of appraisals used in the fair value evaluation of collateral dependent loans. The deductions to the appraisals take into account changing business factors and market conditions, as well as value impairment in cases where the appraisal date predates a likely change in market conditions. Commercial real estate is generally discounted from its appraised value by 0-50% with the higher discounts applied to real estate that is determined to have a thin trading market or to be specialized collateral. In addition to real estate, the Company’s management evaluates other types of collateral as follows: (a) raw and finished inventory is discounted from its cost or book value by 35-65%, depending on the marketability of the goods (b) finished goods are generally discounted by 30-60%, depending on the ease of marketability, cost of transportation or scope of use of the finished good (c) work in process inventory is typically discounted by 50%-100%, depending on the length of manufacturing time, types of components used in the completion process, and the breadth of the user base (d) equipment is valued at a percentage of depreciated book value or recent appraised value, if available, and is typically discounted at 30-70% after various considerations including age and condition of the equipment, marketability, breadth of use, and whether the equipment includes unique components or add-ons; and (e) marketable securities are discounted by 10%-30%, depending on the type of investment, age of valuation report and general market conditions. This methodology is based on a market approach and typically results in a Level 3 classification of the inputs for determining fair value.

Mortgage servicing rights: As of March 31, 2022, the fair value of the Company’s Level 3 servicing assets for residential mortgage loans (“MSRs”) was $2.7 million, carried at amortized cost of $3.0 million less a $355,000 valuation reserve. These residential mortgage loans have a weighted average interest rate of 3.39%, a weighted average maturity of 21 years and are

secured by homes generally within the Company’s market area of Northern Indiana and Indianapolis. A third-party valuation is used to estimate fair value by stratifying the portfolios on the basis of certain risk characteristics, including loan type and interest rate. Impairment is estimated based on an income approach. The inputs used include estimates of prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, ancillary income, late fees and float income. The most significant assumption used to value MSRs is prepayment rate. Prepayment rates are estimated based on published industry consensus prepayment rates. The most significant unobservable assumption is the discount rate. At March 31, 2022, the constant prepayment speed (“PSA”) used was 228 and discount rate used was 9.5%. At December 31, 2021, the PSA used was 249 and the discount rate used was 9.5%.

Other real estate owned: Nonrecurring adjustments to certain commercial and residential real estate properties classified as other real estate owned are measured at the lower of carrying amount or fair value less costs to sell. Fair values are generally based on third party appraisals of the property and are reviewed by the Company’s internal appraisal officer. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable properties used to determine value. Such adjustments are usually significant and result in a Level 3 classification. In addition, the Company’s management may apply discount factors to the appraisals to take into account changing business factors and market conditions, as well as value impairment in cases where the appraisal date predates a likely change in market conditions. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized.

Real estate mortgage loans held-for-sale: Real estate mortgage loans held-for-sale are carried at the lower of cost or fair value, as determined by outstanding commitments, from third party investors, and result in a Level 2 classification.

The tables below presents the balances of assets measured at fair value on a recurring basis:


	March 31, 2022
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets:
U.S. Treasury securities	$	2,246	$	0	$	0	$	2,246
U.S. government sponsored agency securities	0		152,892		0		152,892
Mortgage-backed securities: residential	0		596,321		0		596,321
Mortgage-backed securities: commercial	0		96		0		96
State and municipal securities	0		768,663		2,317		770,980
Total Securities	2,246		1,517,972		2,317		1,522,535
Mortgage banking derivative	0		257		0		257
Interest rate swap derivative	0		19,485		0		19,485
Total assets	$	2,246	$	1,537,714	$	2,317	$	1,542,277

Liabilities:
Mortgage banking derivative	$	0	$	3	$	0	$	3
Interest rate swap derivative	0		19,499		0		19,499
Total liabilities	$	0	$	19,502	$	0	$	19,502


	December 31, 2021
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets:
U.S. Treasury securities	$	900	$	0	$	0	$	900
U.S. government sponsored agency securities	0		143,452		0		143,452
Mortgage-backed securities: residential	0		486,676		0		486,676
Mortgage-backed securities: commercial	0		523		0		523
State and municipal securities	0		764,964		2,043		767,007
Total Securities	900		1,395,615		2,043		1,398,558
Mortgage banking derivative	0		398		0		398
Interest rate swap derivative	0		14,309		0		14,309
Total assets	$	900	$	1,410,322	$	2,043	$	1,413,265

Liabilities:
Mortgage banking derivative	$	0	$	2	$	0	$	2
Interest rate swap derivative	0		14,329		0		14,329
Total liabilities	$	0	$	14,331	$	0	$	14,331

The fair value of Level 3 available-for-sale securities was immaterial and thus did not require additional recurring fair value disclosure.

The tables below presents the balances of assets measured at fair value on a nonrecurring basis:


	March 31, 2022
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	0	$	353	$	353
Non-working capital loans	0		0		4,716		4,716
Commercial real estate and multi-family residential loans:
Owner occupied loans	0		0		880		880

Agri-business and agricultural loans:
Loans secured by farmland	0		0		231		231


Total collateral dependent loans	0		0		6,180		6,180
Other real estate owned	0		0		196		196
Total assets	$	0	$	0	$	6,376	$	6,376


	December 31, 2021
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	0	$	247	$	247
Non-working capital loans	0		0		5,095		5,095
Commercial real estate and multi-family residential loans:
Owner occupied loans	0		0		791		791
Agri-business and agricultural loans:
Loans secured by farmland	0		0		231		231


Total collateral dependent loans	0		0		6,364		6,364
Other real estate owned	0		0		196		196
Total assets	$	0	$	0	$	6,560	$	6,560

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at March 31, 2022:


(dollars in thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Average		Range of Inputs
Collateral dependent loans:
Commercial and industrial	$	5,069	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	65	%	21%-99%

Collateral dependent loans:
Commercial real estate and multi-family residential loans	880		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	46	%	34%-68%

Collateral dependent loans:
Agribusiness and agricultural	231		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	36	%	3%-68%
Other real estate owned	196		Appraisals	Discount to reflect current market conditions and ultimate collectability	38	%

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2021:


(dollars in thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Average		Range of Inputs
Collateral dependent loans:
Commercial and industrial	$	5,342	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	65	%	22%-99%

Collateral dependent loans:
Commercial real estate and multi-family residential loans	791		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	51	%	34%-68%

Collateral dependent loans:
Agribusiness and agricultural	231		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	35	%	3%-68%
Other real estate owned	196		Appraisals	Discount to reflect current market conditions and ultimate collectability	38	%

The following tables contain the estimated fair values and the related carrying values of the Company’s financial instruments. Items which are not financial instruments are not included.


	March 31, 2022
	Carrying Value		Estimated Fair Value
(dollars in thousands)			Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	475,024	$	473,561	$	1,463	$	0	$	475,024
Securities available-for-sale	1,522,535		2,246		1,517,972		2,317		1,522,535
Real estate mortgages held-for-sale	2,234		0		2,270		0		2,270
Loans, net	4,286,188		0		0		4,169,000		4,169,000
Mortgage banking derivative	257		0		257		0		257
Interest rate swap derivative	19,485		0		19,485		0		19,485
Federal Reserve and Federal Home Loan Bank Stock	12,840		N/A		N/A		N/A		N/A
Accrued interest receivable	19,448		0		9,162		10,286		19,448
Financial Liabilities:
Certificates of deposit	(814,263)		0		(817,622)		0		(817,622)
All other deposits	(5,006,360)		(5,006,360)		0		0		(5,006,360)
Federal Home Loan Bank advances	(75,000)		0		(61,200)		0		(61,200)
Mortgage banking derivative	(3)		0		(3)		0		(3)
Interest rate swap derivative	(19,499)		0		(19,499)		0		(19,499)
Standby letters of credit	(202)		0		0		(202)		(202)
Accrued interest payable	(2,303)		(88)		(2,215)		0		(2,303)


	December 31, 2021
	Carrying Value		Estimated Fair Value
(dollars in thousands)			Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	683,240	$	681,286	$	1,954	$	0	$	683,240
Securities available-for-sale	1,398,558		900		1,395,615		2,043		1,398,558
Real estate mortgages held-for-sale	7,470		0		7,634		0		7,634
Loans, net	4,220,068		0		0		4,144,000		4,144,000
Mortgage banking derivative	398		0		398		0		398
Interest rate swap derivative	14,309		0		14,309		0		14,309
Federal Reserve and Federal Home Loan Bank Stock	13,772		N/A		N/A		N/A		N/A
Accrued interest receivable	17,674		0		7,689		9,985		17,674
Financial Liabilities:
Certificates of deposit	(829,518)		0		(833,617)		0		(833,617)
All other deposits	(4,905,889)		(4,905,889)		0		0		(4,905,889)

Federal Home Loan Bank advances	(75,000)		0		(66,118)		0		(66,118)
Mortgage banking derivative	(2)		0		(2)		0		(2)
Interest rate swap derivative	(14,329)		0		(14,329)		0		(14,329)
Standby letters of credit	(272)		0		0		(272)		(272)
Accrued interest payable	(2,619)		(84)		(2,535)		0		(2,619)

OFFSETTING ASSETS AND LIABILITIES

3 Months Ended

Mar. 31, 2022

OFFSETTING ASSETS AND LIABILITIES

OFFSETTING ASSETS AND LIABILITIES

The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at March 31, 2022 and December 31, 2021.


	March 31, 2022
	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
(dollars in thousands)							Financial Instruments		Cash Collateral Position
Assets
Interest Rate Swap Derivatives	$	19,485	$	0	$	19,485	$	0	$	(15,415)	$	4,070
Total Assets	$	19,485	$	0	$	19,485	$	0	$	(15,415)	$	4,070
Liabilities
Interest Rate Swap Derivatives	$	19,499	$	0	$	19,499	$	0	$	(90)	$	19,409
Total Liabilities	$	19,499	$	0	$	19,499	$	0	$	(90)	$	19,409


	December 31, 2021
	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
(dollars in thousands)							Financial Instruments		Cash Collateral Position
Assets
Interest Rate Swap Derivatives	$	14,309	$	0	$	14,309	$	0	$	(2,255)	$	12,054
Total Assets	$	14,309	$	0	$	14,309	$	0	$	(2,255)	$	12,054
Liabilities
Interest Rate Swap Derivatives	$	14,329	$	0	$	14,329	$	0	$	(7,995)	$	6,334
Total Liabilities	$	14,329	$	0	$	14,329	$	0	$	(7,995)	$	6,334

If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party. If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions.

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, which includes shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan, and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards and warrants, none of which were antidilutive.


	Three Months Ended March 31,
	2022		2021
Weighted average shares outstanding for basic earnings per common share	25,515,271		25,457,659
Dilutive effect of stock based awards	175,101		92,452
Weighted average shares outstanding for diluted earnings per common share	25,690,372		25,550,111

Basic earnings per common share	$	0.93	$	0.90
Diluted earnings per common share	$	0.92	$	0.90

ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2022

OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the three months ended March 31, 2022 and 2021, all shown net of tax:


(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2022	$	17,056	$	(963)	$	16,093
Other comprehensive loss before reclassification	(109,807)		0		(109,807)
Amounts reclassified from accumulated other comprehensive loss	0		27		27
Net current period other comprehensive income (loss)	(109,807)		27		(109,780)
Balance at March 31, 2022	$	(92,751)	$	(936)	$	(93,687)


(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2021	$	29,182	$	(1,438)	$	27,744
Other comprehensive loss before reclassification	(12,084)		0		(12,084)
Amounts reclassified from accumulated other comprehensive income	(595)		45		(550)
Net current period other comprehensive income (loss)	(12,679)		45		(12,634)
Balance at March 31, 2021	$	16,503	$	(1,393)	$	15,110

Reclassifications out of other accumulated comprehensive loss for the three months ended March 31, 2022 are as follows:

Details about
Accumulated Other
Comprehensive
Income Components

Amount
Reclassified From Accumulated Other Comprehensive Income

Affected Line Item
in the Statement Where Net Income is Presented

(dollars in thousands)

Amortization of defined benefit pension items

(36)

Other expense

Tax effect

Income tax expense

(27)

Net of tax

Total reclassifications for the period

(27)

Net income

Reclassifications out of other accumulated comprehensive income for the three months ended March 31, 2021 are as follows:

Details about
Accumulated Other
Comprehensive
Income Components

Amount
Reclassified From Accumulated Other Comprehensive Income

Affected Line Item
in the Statement Where Net Income is Presented

(dollars in thousands)

Realized gains and losses on available-for-sale securities

753

Net securities gains

Tax effect

(158)

Income tax expense

595

Net of tax

Amortization of defined benefit pension items

(60)

Other expense

Tax effect

Income tax expense

(45)

Net of tax

Total reclassifications for the period

550

Net income

LEASES

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

LEASES

LEASESThe Company leases certain office facilities under long-term operating lease agreements. The leases expire at various dates through 2037 and some include renewal options. Many of these leases require the payment of property taxes, insurance premiums, maintenance, utilities and other costs. In many cases, rentals are subject to increase in relation to a cost-of-living index. The Company accounts for lease and non-lease components together as a single lease component. The Company determines if an arrangement is a lease at inception. Operating leases are recorded as a right-of-use ("ROU") lease assets and are included in other assets on the consolidated balance sheet. The Company's corresponding lease obligations are included in other liabilities on the consolidated balance sheet. ROU lease assets represent the Company's right to use an underlying asset for the lease term and lease obligations represent the Company's obligation to make lease payments arising from the lease. Operating ROU lease assets and obligations are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The ROU lease asset also includes any lease payments made and excludes lease incentives. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

Lease expense for lease payments is recognized on a straight-line basis over the lease term. Short-term leases are leases having a term of twelve months or less. The Company recognizes short-term leases on a straight-line basis and does not record a related lease asset or liability for such leases, as allowed as practical expedient of the standard.

The following is a maturity analysis of the operating lease liabilities as of March 31, 2022:


Years ending December 31, (in thousands)	Operating Lease Obligation
2022	$	530
2023	717
2024	734
2025	752
2026	731
2027 and thereafter	2,938
Total undiscounted lease payments	6,402
Less imputed interest	(703)
Lease liability	$	5,699
Right-of-use asset	$	5,699


	Three months ended March 31,
	2022			2021
Lease cost
Operating lease cost	$	170		$	135
Short-term lease cost	6			6
Total lease cost	$	176		$	141

Other information
Operating cash outflows from operating leases	$	170		$	135
Weighted-average remaining lease term - operating leases	8.9 years			8.6 years
Weighted average discount rate - operating leases	2.5		%	2.8		%

CONTINGENCIES	3 Months Ended
CONTINGENCIES	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIESLakeland Financial Corporation and its subsidiaries are defendants in various legal proceedings arising in the normal course of business. In the opinion of management, based on present information including advice of legal counsel, the ultimate resolution of these proceedings is not expected to have a material effect on the Company's consolidated financial position or results of operations.

BASIS OF PRESENTATION (Policies)	3 Months Ended
BASIS OF PRESENTATION (Policies)	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation Policy	This report is filed for Lakeland Financial Corporation (the "Company"), which has two wholly owned subsidiaries, Lake City Bank (the "Bank") and LCB Risk Management, a captive insurance company. Also included in this report are results for the Bank’s wholly owned subsidiary, LCB Investments II, Inc. ("LCB Investments"), which manages the Bank’s investment portfolio. LCB Investments owns LCB Funding, Inc. ("LCB Funding"), a real estate investment trust. All significant inter-company balances and transactions have been eliminated in consolidation.
Basis of Accounting Policy	The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and are unaudited. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for any subsequent reporting periods, including the year ending December 31, 2022. The Company’s 2021 Annual Report on Form 10-K should be read in conjunction with these statements.
Newly Issued But Not Yet Effective Accounting Standards	Newly Issued But Not Yet Effective Accounting Standards On March 12, 2020, the FASB issued Accounting Standards Update (ASU) 2020-04, "Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASC 848 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The Company has formed a cross-functional project team to lead the transition from LIBOR to a planned adoption of reference rates which could include Secured Overnight Financing Rate (“SOFR”), amongst others. The Company has identified loans that renewed prior to 2021 and obtained updated reference rate language at the time of renewal. Additionally, management is utilizing the timeline guidance published by the Alternative Reference Rates Committee to develop and achieve internal milestones during this transitional period. The Company has adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020. The Company discontinued the use of new LIBOR-based loans by December 31, 2021, according to regulatory guidelines. Legacy LIBOR-based loans will be transitioned to an alternative reference rate on or before June 30, 2023. The guidance under ASC 848 will be available for a limited time, generally through December 31, 2022. The Company expects to adopt the LIBOR transition relief allowed under this standard, and does note expect such adoption to have a material impact on the consolidated financial statements. In March 2022, the FASB issued ASU 2022-01, "Derivatives and Hedging (ASC 815): Fair Value Hedging - Portfolio Layer Method." ASC 815 currently permits only prepayable financial assets and one or more beneficial interests secured by a portfolio of prepayable financial instruments to be included in a last-of-layer closed portfolio. The amendments in this Update allow nonprepayable financial assets to also be included in a closed portfolio hedged using the portfolio layer method. That expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and nonpreapayble financial assets, thereby allowing consistent accounting for similar hedges. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The Company does not expect the adoption of this standard to have a material impact on the consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, "Financial Instruments - Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures." The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of existing loan. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current-period gross writeoffs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments in Update 2016-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption using prospective application, including adoption in an interim period where the guidance should be applied as of the beginning of the fiscal year. The Company is currently assessing the impact of ASU 2022-02 on its disclosures and control structure; however, the Company does not expect the adoption of this standard to have a material impact on the consolidated financial statements.
Reclassification	Reclassification Certain amounts appearing in the consolidated financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had no effect on net income or stockholders' equity as previously reported.
Allowance for Credit Losses and Credit Quality	The Company maintains an allowance for credit losses to provide for expected credit losses. Losses are charged against the allowance when management believes that the principal is uncollectable. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance are made for specific loans and for pools of similar types of loans, although the entire allowance is available for any loan that, in management’s judgment, should be charged against the allowance. A provision for credit losses is taken based on management’s ongoing evaluation of the appropriate allowance balance. A formal evaluation of the adequacy of the credit loss allowance is conducted monthly. The ultimate recovery of all loans is susceptible to future market factors beyond the Company’s control. The level of credit loss provision is influenced by growth in the overall loan portfolio, emerging market risk, emerging concentration risk, commercial loan focus and large credit concentration, new industry lending activity, general economic conditions and historical loss analysis. In addition, management gives consideration to changes in the facts and circumstances of watch list credits, which includes the security position of the borrower, in determining the appropriate level of the credit loss provision. Furthermore, management’s overall view on credit quality is a factor in the determination of the provision. The determination of the appropriate allowance is inherently subjective, as it requires significant estimates by management. The Company has an established process to determine the adequacy of the allowance for credit losses that generally includes consideration of changes in the nature and volume of the loan portfolio and overall portfolio quality, along with current and forecasted economic conditions that may affect borrowers’ ability to repay. Consideration is not limited to these factors although they represent the most commonly cited factors. To determine the specific allocation levels for individual credits, management considers the current valuation of collateral and the amounts and timing of expected future cash flows as the primary measures. Management also considers trends in adversely classified loans based upon an ongoing review of those credits. With respect to pools of similar loans, an appropriate level of general allowance is determined by portfolio segment using a probability of default-loss given default (“PD/LGD”) model, subject to a floor. A default can be triggered by one of several different asset quality factors, including past due status, nonaccrual status, TDR status or if the loan has had a charge-off. This PD is then combined with a LGD derived from historical charge-off data to construct a default rate. This loss rate is then supplemented with adjustments for reasonable and supportable forecasts of relevant economic indicators, particularly the unemployment rate forecast from the Federal Open Market Committee’s Summary of Economic Projections, and other environmental factors based on the risks present for each portfolio segment. These environmental factors include consideration of the following: levels of, and trends in, delinquencies and nonperforming loans; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedure, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. It is also possible that these factors could include social, political, economic, and terrorist events or activities. All of these factors are susceptible to change, which may be significant. As a result of this detailed process, the allowance results in two forms of allocations, specific and general. These two components represent the total allowance for credit losses deemed adequate to cover probable losses inherent in the loan portfolio. Commercial loans are subject to a dual standardized grading process administered by the credit administration function. These grade assignments are performed independent of each other and a consensus is reached by credit administration and the loan review officer. Specific allowances are established in cases where management has identified significant conditions or circumstances related to an individual credit that indicate it should be evaluated on an individual basis. Considerations with respect to specific allocations for these individual credits include, but are not limited to, the following: (a) the sufficiency of the customer’s cash flow or net worth to repay the loan; (b) the adequacy of the discounted value of collateral relative to the loan balance; (c) whether the loan has been criticized in a regulatory examination; (d) whether the loan is nonperforming; (e) any other reasons the ultimate collectability of the loan may be in question; or (f) any unique loan characteristics that require special monitoring. Allocations are also applied to categories of loans considered not to be individually analyzed, but for which the rate of loss is expected to be consistent with or greater than historical averages. Such allocations are based on past loss experience and information about specific borrower situations and estimated collateral values. These general pooled loan allocations are performed for portfolio segments of commercial and industrial; commercial real estate, multi-family, and construction; agri-business and agricultural; other commercial loans; and consumer 1-4 family mortgage and other consumer loans. General allocations of the allowance are determined by a historical loss rate based on the calculation of each pool’s probability of default-loss given default, subject to a floor. The length of the historical period for each pool is based on the average life of the pool. The historical loss rates are supplemented with consideration of economic conditions and portfolio trends. Due to the imprecise nature of estimating the allowance for credit losses, the Company’s allowance for credit losses includes an unallocated component. The unallocated component of the allowance for credit losses incorporates the Company’s judgmental determination of potential expected losses that may not be fully reflected in other allocations, including factors such as the level of classified credits, economic uncertainties, industry trends impacting specific portfolio segments, broad portfolio quality trends, and trends in the composition of the Company’s large commercial loan portfolio and related large dollar exposures to individual borrowers. As a practical expedient, the Company has elected to disclose accrued interest separately from loan principal balances on the consolidated balance sheet. Additionally, when a loan is placed on non-accrual, interest payments are reversed through interest income. For off balance sheet credit exposures outlined in the ASU at 326-20-30-11, it is the Company’s position that nearly all of the unfunded amounts on lines of credit are unconditionally cancellable, and therefore not subject to having a liability recorded.
Leases	The Company leases certain office facilities under long-term operating lease agreements. The leases expire at various dates through 2037 and some include renewal options. Many of these leases require the payment of property taxes, insurance premiums, maintenance, utilities and other costs. In many cases, rentals are subject to increase in relation to a cost-of-living index. The Company accounts for lease and non-lease components together as a single lease component. The Company determines if an arrangement is a lease at inception. Operating leases are recorded as a right-of-use ("ROU") lease assets and are included in other assets on the consolidated balance sheet. The Company's corresponding lease obligations are included in other liabilities on the consolidated balance sheet. ROU lease assets represent the Company's right to use an underlying asset for the lease term and lease obligations represent the Company's obligation to make lease payments arising from the lease. Operating ROU lease assets and obligations are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The ROU lease asset also includes any lease payments made and excludes lease incentives. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.Lease expense for lease payments is recognized on a straight-line basis over the lease term. Short-term leases are leases having a term of twelve months or less. The Company recognizes short-term leases on a straight-line basis and does not record a related lease asset or liability for such leases, as allowed as practical expedient of the standard.

SECURITIES (Tables)

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Securities


(dollars in thousands)	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
March 31, 2022
U.S. Treasury securities	$	2,250	$	0	$	(4)	$	0	$	2,246
U.S. government sponsored agencies	164,514		0		(11,622)		0		152,892
Mortgage-backed securities: residential	634,654		680		(39,013)		0		596,321
Mortgage-backed securities: commercial	96		0		0		0		96
State and municipal securities	838,427		4,608		(72,055)		0		770,980
Total	$	1,639,941	$	5,288	$	(122,694)	$	0	$	1,522,535

December 31, 2021
U.S. Treasury securities	$	900	$	0	$	0	$	0	$	900
U.S. government sponsored agencies	145,858		39		(2,445)		0		143,452
Mortgage-backed securities: residential	487,157		4,455		(4,936)		0		486,676
Mortgage-backed securities: commercial	522		1		0		0		523
State and municipal securities	742,532		25,749		(1,274)		0		767,007
Total	$	1,376,969	$	30,244	$	(8,655)	$	0	$	1,398,558

Schedule of Available-For-Sale Securities By Maturity


(dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	3,356	$	3,357
Due after one year through five years	11,031		11,140
Due after five years through ten years	54,556		54,559
Due after ten years	936,248		857,062
	1,005,191		926,118
Mortgage-backed securities	634,750		596,417
Total debt securities	$	1,639,941	$	1,522,535

Schedule of Sales of Securities Available For Sale

Securities proceeds, gross gains and gross losses are presented below.


	Three Months Ended March 31,
(dollars in thousands)		2022		2021
Sales of securities available-for-sale
Proceeds		$	0	$	13,506
Gross gains		0		753
Gross losses		0		0
Number of securities		0		7

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value


	Less than 12 months				12 months or more				Total
(dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
March 31, 2022
U.S. Treasury securities	$	2,246	$	4	$	0	$	0	$	2,246	$	4
U.S. government sponsored agencies	126,338		8,757		26,554		2,865		152,892		11,622
Mortgage-backed securities: residential	441,367		26,752		109,331		12,261		550,698		39,013
Mortgage-backed securities: commercial	96		0		0		0		96		0
State and municipal securities	560,210		71,480		3,497		575		563,707		72,055
Total temporarily impaired	$	1,130,257	$	106,993	$	139,382	$	15,701	$	1,269,639	$	122,694

December 31, 2021
U.S. government sponsored agencies	$	85,968	$	1,364	$	28,676	$	1,081	$	114,644	$	2,445
Mortgage-backed securities: residential	272,264		4,076		22,792		860		295,056		4,936

State and municipal securities	138,659		1,274		0		0		138,659		1,274
Total temporarily impaired	$	496,891	$	6,714	$	51,468	$	1,941	$	548,359	$	8,655

Schedule of Quantitative Disclosure of Available-For-Sale Securities

The total number of securities with unrealized losses as of March 31, 2022 and December 31, 2021 is presented below.


	Less than 12 months	12 months or more	Total
March 31, 2022
U.S. Treasury securities	6	0	6
U.S. government sponsored agencies	12	5	17
Mortgage-backed securities: residential	90	15	105
Mortgage-backed securities: commercial	1	0	1
State and municipal securities	376	3	379
Total temporarily impaired	485	23	508

December 31, 2021
U.S. government sponsored agencies	8	5	13
Mortgage-backed securities: residential	29	3	32

State and municipal securities	80	0	80
Total temporarily impaired	117	8	125

LOANS (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Schedule of Loans


(dollars in thousands)	March 31, 2022				December 31, 2021
Commercial and industrial loans:
Working capital lines of credit loans	$	678,567	15.6	%	$	652,861	15.2	%
Non-working capital loans	784,890		18.0		736,608		17.2
Total commercial and industrial loans	1,463,457		33.6		1,389,469		32.4

Commercial real estate and multi-family residential loans:
Construction and land development loans	399,618		9.2		379,813		8.9
Owner occupied loans	724,588		16.6		739,371		17.2
Nonowner occupied loans	619,163		14.2		588,458		13.7
Multifamily loans	214,003		4.9		247,204		5.8
Total commercial real estate and multi-family residential loans	1,957,372		44.9		1,954,846		45.6

Agri-business and agricultural loans:
Loans secured by farmland	164,252		3.8		206,331		4.8
Loans for agricultural production	259,417		6.0		239,494		5.6
Total agri-business and agricultural loans	423,669		9.8		445,825		10.4

Other commercial loans	78,412		1.8		73,490		1.7
Total commercial loans	3,922,910		90.1		3,863,630		90.1

Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	180,448		4.1		176,561		4.1
Open end and junior lien loans	158,583		3.6		156,238		3.6
Residential construction and land development loans	11,135		0.3		11,921		0.3
Total consumer 1-4 family mortgage loans	350,166		8.0		344,720		8.0

Other consumer loans	83,395		1.9		82,755		1.9
Total consumer loans	433,561		9.9		427,475		9.9
Subtotal	4,356,471		100.0	%	4,291,105		100.0	%
Less: Allowance for credit losses	(67,526)				(67,773)
Net deferred loan fees	(2,757)				(3,264)
Loans, net	$	4,286,188			$	4,220,068

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables)

3 Months Ended

Mar. 31, 2022

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

In Allowance For Loan Losses and Recorded Investment In Loans By Portfolio Segment

The following tables present the activity in the allowance for credit losses by portfolio segment for the periods ended:


(dollars in thousands)	Commercial and Industrial		Commercial Real Estate and Multifamily Residential		Agri-business and Agricultural		Other Commercial		Consumer 1-4 Family Mortgage		Other Consumer		Unallocated		Total
Three Months Ended March 31, 2022
Beginning balance, January 1	$	30,595	$	26,535	$	5,034	$	1,146	$	2,866	$	1,147	$	450	$	67,773

Provision for credit losses	730		319		(273)		(88)		(248)		(55)		32		417
Loans charged-off	(19)		(597)		0		0		(22)		(102)		0		(740)
Recoveries	16		0		0		0		10		50		0		76
Net loans (charged-off) recovered	(3)		(597)		0		0		(12)		(52)		0		(664)
Ending balance	$	31,322	$	26,257	$	4,761	$	1,058	$	2,606	$	1,040	$	482	$	67,526


(dollars in thousands)	Commercial and Industrial		Commercial Real Estate and Multifamily Residential		Agri-business and Agricultural		Other Commercial		Consumer 1-4 Family Mortgage		Other Consumer		Unallocated		Total
Three Months Ended March 31, 2021
Beginning balance, January 1	$	28,333	$	22,907	$	3,043	$	416	$	2,619	$	951	$	3,139	$	61,408
Impact of adopting ASC 326	4,312		4,316		1,060		941		953		349		(2,881)		9,050
Provision for credit losses	(540)		2,285		(202)		(185)		(233)		13		339		1,477
Loans charged-off	(87)		(71)		0		0		(6)		(72)		0		(236)
Recoveries	34		8		0		0		51		52		0		145
Net loans (charged-off) recovered	(53)		(63)		0		0		45		(20)		0		(91)
Ending balance	$	32,052	$	29,445	$	3,901	$	1,172	$	3,384	$	1,293	$	597	$	71,844

Summary of Risk Category of Loans by Loan Segment and Origination Date and Credit Quality Indicators

The following table summarizes the risk category of loans by loan segment and origination date as of March 31, 2022:


(dollars in thousands)	2022			2021		2020		2019			2018		Prior		Term Total		Revolving		Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass	$	0		$	3,082	$	764	$	3,045		$	0	$	0	$	6,891	$	593,938	$	600,829
Special Mention	0			0		0		0			0		0		0		59,209		59,209
Substandard	0			0		74		0			0		0		74		18,542		18,616


Total	0			3,082		838		3,045			0		0		6,965		671,689		678,654
Non-working capital loans:
Pass	63,830			165,396		123,800		71,707			23,723		31,231		479,687		256,462		736,149
Special Mention	209			16,535		0		216			635		3,657		21,252		79		21,331
Substandard	0			2,937		6,380		862			2,370		5,217		17,766		3,835		21,601

Not Rated	399			2,105		1,627		710			417		96		5,354		0		5,354
Total	64,438			186,973		131,807		73,495			27,145		40,201		524,059		260,376		784,435
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass	9,322			37,819		20,870		542			573		0		69,126		328,593		397,719
Special Mention	0			0		0		0			0		0		0		56		56



Total	9,322			37,819		20,870		542			573		0		69,126		328,649		397,775
Owner occupied loans:
Pass	20,705			166,777		174,001		108,181			78,260		126,142		674,066		28,228		702,294
Special Mention	0			6,277		0		865			909		9,180		17,231		0		17,231
Substandard	0			473		1,679		894			1,161		236		4,443		0		4,443


Total	20,705			173,527		175,680		109,940			80,330		135,558		695,740		28,228		723,968
Nonowner occupied loans:
Pass	41,921			142,070		146,588		105,635			21,701		87,080		544,995		47,604		592,599
Special Mention	0			11,667		307		0			0		14,120		26,094		0		26,094



Total	41,921			153,737		146,895		105,635			21,701		101,200		571,089		47,604		618,693
Multifamily loans:
Pass	2,665			67,930		37,909		36,337		17,105	11,969		21,061		177,871		13,605		191,476
Special Mention	22,178			0		0		0			0		0		22,178		0		22,178



Total	24,843			67,930		37,909		36,337			11,969		21,061		200,049		13,605		213,654
Agri-business and agricultural loans:
Loans secured by farmland:
Pass	4,748			46,921		35,089		12,005			10,034		25,189		133,986		24,532		158,518
Special Mention	0			0		1,985		2,278			0		210		4,473		899		5,372
Substandard	0			0		0		0			190		145		335		0		335


Total	4,748			46,921		37,074		14,283			10,224		25,544		138,794		25,431		164,225
Loans for agricultural production:
Pass	1,573			31,444		24,820		3,985			10,372		5,356		77,550		166,721		244,271
Special Mention	0			432		7,727		1,160			0		0		9,319		5,905		15,224



Total	1,573			31,876		32,547		5,145			10,372		5,356		86,869		172,626		259,495
Other commercial loans:
Pass	2,964			6,417		20,425		3,082			1,175		15,043		49,106		25,363		74,469
Special Mention	0			0		0		0			0		3,649		3,649		0		3,649



Total	2,964			6,417		20,425		3,082			1,175		18,692		52,755		25,363		78,118
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass	1,360			13,558		15,386		5,197			5,722		4,604		45,827		6,191		52,018

Substandard	0			0		0		0			88		3,050		3,138		0		3,138

Not Rated	8,079			47,296		24,338		8,764			4,069		32,489		125,035		0		125,035
Total	9,439			60,854		39,724		13,961			9,879		40,143		174,000		6,191		180,191
Open end and junior lien loans
Pass	0		453	662		374		115			103		0		1,254		4,900		6,154

Substandard	0			0		0		0			0		2		2		26		28

Not Rated	14,626			18,637		4,667		4,967			2,976		3,304		49,177		104,879		154,056
Total	14,626			19,299		5,041		5,082			3,079		3,306		50,433		109,805		160,238
Residential construction loans




Not Rated	1,420		4,756	6,189		1,158		892			136		1,278		11,073		0		11,073
Total	1,420			6,189		1,158		892			136		1,278		11,073		0		11,073


Other consumer loans
Pass	78		2,302		787		1,167		0		1,088		5,422		17,046		22,468

Substandard	0		0		22		219		0		0		241		41		282

Not Rated	5,320		19,432		13,237		6,122		4,878		2,509		51,498		8,947		60,445
Total	5,398		21,734		14,046		7,508		4,878		3,597		57,161		26,034		83,195
TOTAL	$	201,397	$	816,358	$	664,014	$	378,947	$	181,461	$	395,936	$	2,638,113	$	1,715,601	$	4,353,714

The following table summarizes the risk category of loans by loan segment and origination date as of December 31, 2021:


(dollars in thousands)	2021			2020		2019		2018			2017		Prior		Term Total		Revolving		Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass	$	3,699		$	830	$	3,360	$	0		$	0	$	0	$	7,889	$	558,634	$	566,523
Special Mention	0			0		0		0			0		0		0		60,441		60,441
Substandard	0			0		35		0			0		0		35		25,928		25,963


Total	3,699			830		3,395		0			0		0		7,924		645,003		652,927
Non-working capital loans:
Pass	185,374			139,157		79,477		38,899			19,415		18,489		480,811		203,794		684,605
Special Mention	17,728			0		225		979			2,350		1,426		22,708		0		22,708
Substandard	2,996			6,948		1,091		2,534			5,465		426		19,460		3,321		22,781

Not Rated	2,265			1,758		837		563			128		14		5,565		0		5,565
Total	208,363			147,863		81,630		42,975			27,358		20,355		528,544		207,115		735,659
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass	35,136			30,224		1,276		998			0		0		67,634		310,396		378,030




Total	35,136			30,224		1,276		998			0		0		67,634		310,396		378,030
Owner occupied loans:
Pass	135,861			169,404		124,117		85,070			78,155		93,925		686,532		29,611		716,143
Special Mention	6,555			0		880		933			7,387		1,235		16,990		0		16,990
Substandard	489			1,570		909		1,758			694		238		5,658		0		5,658


Total	142,905			170,974		125,906		87,761			86,236		95,398		709,180		29,611		738,791
Nonowner occupied loans:
Pass	146,342			154,433		107,262		19,054			31,023		59,154		517,268		44,362		561,630
Special Mention	11,825			331		0		0			0		14,253		26,409		0		26,409



Total	158,167			154,764		107,262		19,054			31,023		73,407		543,677		44,362		588,039
Multifamily loans:
Pass	84,678			53,195		36,575		12,286		17,105	14,574		9,793		211,101		13,434		224,535
Special Mention	0			0		0		0			22,252		0		22,252		0		22,252



Total	84,678			53,195		36,575		12,286			36,826		9,793		233,353		13,434		246,787
Agri-business and agricultural loans:
Loans secured by farmland:
Pass	47,532			37,035		16,249		10,469			10,454		17,021		138,760		61,774		200,534
Special Mention	0			1,985		2,303		0			180		30		4,498		918		5,416
Substandard	207			0		0		0			0		145		352		0		352


Total	47,739			39,020		18,552		10,469			10,634		17,196		143,610		62,692		206,302
Loans for agricultural production:
Pass	36,238			25,855		4,224		11,072			1,331		4,178		82,898		138,142		221,040
Special Mention	448			8,642		1,171		0			0		0		10,261		8,272		18,533



Total	36,686			34,497		5,395		11,072			1,331		4,178		93,159		146,414		239,573
Other commercial loans:
Pass	6,556			21,111		3,243		1,273			8,592		7,460		48,235		21,145		69,380
Special Mention	0			0		0		0			0		3,798		3,798		0		3,798



Total	6,556			21,111		3,243		1,273			8,592		11,258		52,033		21,145		73,178
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass	14,635			16,173		5,312		5,903			3,049		3,221		48,293		5,005		53,298
Special Mention	0			0		0		0			0		1,274		1,274		0		1,274


Not Rated	45,089			27,738		9,248		5,217			7,628		26,321		121,241		482		121,723
Total	59,724			43,911		14,560		11,120			10,677		30,816		170,808		5,487		176,295
Open end and junior lien loans
Pass	679		453	379		159		313			0		0		1,530		5,074		6,604

Substandard	0			0		0		0			0		0		0		98		98

Not Rated	21,945			5,624		5,987		3,899			1,653		1,526		40,634		110,523		151,157
Total	22,624			6,003		6,146		4,212			1,653		1,526		42,164		115,695		157,859
Residential construction loans




Not Rated	7,926		4,756	1,537		960		138			171		1,125		11,857		0		11,857
Total	7,926			1,537		960		138			171		1,125		11,857		0		11,857


Other consumer loans
Pass	3,401		957		1,523		0		1,155		0		7,036		12,998		20,034

Substandard	36		23		230		0		0		0		289		0		289

Not Rated	21,652		14,931		7,474		5,844		1,890		1,203		52,994		9,227		62,221
Total	25,089		15,911		9,227		5,844		3,045		1,203		60,319		22,225		82,544
TOTAL	$	839,292	$	719,840	$	414,127	$	207,202	$	217,546	$	266,255	$	2,664,262	$	1,623,579	$	4,287,841

Schedule of Aging of the Amortized Cost Basis In Past Due Loans

The following table presents the aging of the amortized cost basis in past due loans as of March 31, 2022 by class of loans and loans past due 90 days or more and still accruing by class of loan:


(dollars in thousands)	Loans Not Past Due		30-89 Days Past Due		Greater than 89 Days Past Due and Accruing		Total Accruing		Total Nonaccrual		Nonaccrual With No Allowance For Credit Loss		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	678,654	$	0	$	0	$	674,338	$	4,316	$	238	$	678,654
Non-working capital loans	781,306		3,129		0		778,863		5,572		4,546		784,435
Commercial real estate and multi-family residential loans:
Construction and land development loans	397,775		0		0		397,775		0		0		397,775
Owner occupied loans	723,968		0		0		720,812		3,156		1,516		723,968
Nonowner occupied loans	618,693		0		0		618,693		0		0		618,693
Multifamily loans	213,654		0		0		213,654		0		0		213,654
Agri-business and agricultural loans:
Loans secured by farmland	164,225		0		0		163,890		335		0		164,225
Loans for agricultural production	259,495		0		0		259,495		0		0		259,495
Other commercial loans	78,118		0		0		78,118		0		0		78,118
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans	179,872		301		18		179,980		211		140		180,191
Open end and junior lien loans	160,043		195		0		160,210		28		28		160,238
Residential construction loans	11,073		0		0		11,073		0		0		11,073
Other consumer loans	83,150		45		0		82,913		282		0		83,195
Total	$	4,350,026	$	3,670	$	18	$	4,339,814	$	13,900	$	6,468	$	4,353,714

The following table presents the aging of the amortized cost basis in past due loans as of December 31, 2021 by class of loans and loans past due 90 days or more and still accruing by class of loan:


(dollars in thousands)	Loans Not Past Due		30-89 Days Past Due		Greater than 89 Days Past Due and Accruing		Total Accruing		Total Nonaccrual		Nonaccrual With No Allowance For Credit Loss		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	652,903	$	24	$	0	$	646,961	$	5,966	$	5,200	$	652,927
Non-working capital loans	735,658		1		0		731,063		4,596		229		735,659
Commercial real estate and multi-family residential loans:
Construction and land development loans	378,030		0		0		378,030		0		0		378,030
Owner occupied loans	738,791		0		0		735,157		3,634		2,129		738,791
Nonowner occupied loans	588,039		0		0		588,039		0		0		588,039
Multifamily loans	246,787		0		0		246,787		0		0		246,787
Agri-business and agricultural loans:
Loans secured by farmland	206,302		0		0		205,967		335		0		206,302
Loans for agricultural production	239,573		0		0		239,573		0		0		239,573
Other commercial loans	73,178		0		0		73,178		0		0		73,178
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans	175,678		500		117		176,240		55		55		176,295
Open end and junior lien loans	157,729		130		0		157,761		98		98		157,859
Residential construction loans	11,857		0		0		11,857		0		0		11,857
Other consumer loans	82,472		72		0		82,255		289		0		82,544
Total	$	4,286,997	$	727	$	117	$	4,272,868	$	14,973	$	7,711	$	4,287,841

Schedule of Amortized Cost Basis Of Collateral Dependent Loans

The following tables present the amortized cost basis of collateral dependent loans by class of loan as of:


	March 31, 2022
(dollars in thousands)	Real Estate		General Business Assets		Other		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	74	$	5,497	$	0	$	5,571
Non-working capital loans	1,581		9,525		229		11,335
Commercial real estate and multi-family residential loans:
Owner occupied loans	960		1,500		1,161		3,621

Agri-business and agricultural loans:
Loans secured by farmland	190		145		0		335
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	3,141		0		0		3,141
Open end and junior lien loans	28		0		0		28
Other consumer loans	0		0		63		63
Total	$	5,974	$	16,667	$	1,453	$	24,094


	December 31, 2021
(dollars in thousands)	Real Estate		General Business Assets		Other		Total
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	5,966	$	0	$	5,966
Non-working capital loans	1,606		9,475		229		11,310
Commercial real estate and multi-family residential loans:
Owner occupied loans	1,435		1,505		1,161		4,101

Agri-business and agricultural loans:
Loans secured by farmland	190		145		0		335
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	3,081		0		0		3,081
Open end and junior lien loans	98		0		0		98
Other consumer loans	0		0		59		59
Total	$	6,312	$	17,091	$	1,449	$	24,950

Troubled Debt Restructuring


(dollars in thousands)	March 31, 2022		December 31, 2021
Accruing troubled debt restructured loans	$	4,976	$	5,121
Nonaccrual troubled debt restructured loans	6,443		6,218
Total troubled debt restructured loans	$	11,419	$	11,339

Loans by Class Modified as Troubled Debt Restructurings


(dollars in thousands)	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial and industrial loans:
Working capital lines of credit loans	1	$	226	$	226



Total	1	$	226	$	226

FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The tables below presents the balances of assets measured at fair value on a recurring basis:


	March 31, 2022
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets:
U.S. Treasury securities	$	2,246	$	0	$	0	$	2,246
U.S. government sponsored agency securities	0		152,892		0		152,892
Mortgage-backed securities: residential	0		596,321		0		596,321
Mortgage-backed securities: commercial	0		96		0		96
State and municipal securities	0		768,663		2,317		770,980
Total Securities	2,246		1,517,972		2,317		1,522,535
Mortgage banking derivative	0		257		0		257
Interest rate swap derivative	0		19,485		0		19,485
Total assets	$	2,246	$	1,537,714	$	2,317	$	1,542,277

Liabilities:
Mortgage banking derivative	$	0	$	3	$	0	$	3
Interest rate swap derivative	0		19,499		0		19,499
Total liabilities	$	0	$	19,502	$	0	$	19,502


	December 31, 2021
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets:
U.S. Treasury securities	$	900	$	0	$	0	$	900
U.S. government sponsored agency securities	0		143,452		0		143,452
Mortgage-backed securities: residential	0		486,676		0		486,676
Mortgage-backed securities: commercial	0		523		0		523
State and municipal securities	0		764,964		2,043		767,007
Total Securities	900		1,395,615		2,043		1,398,558
Mortgage banking derivative	0		398		0		398
Interest rate swap derivative	0		14,309		0		14,309
Total assets	$	900	$	1,410,322	$	2,043	$	1,413,265

Liabilities:
Mortgage banking derivative	$	0	$	2	$	0	$	2
Interest rate swap derivative	0		14,329		0		14,329
Total liabilities	$	0	$	14,331	$	0	$	14,331

Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

The tables below presents the balances of assets measured at fair value on a nonrecurring basis:


	March 31, 2022
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	0	$	353	$	353
Non-working capital loans	0		0		4,716		4,716
Commercial real estate and multi-family residential loans:
Owner occupied loans	0		0		880		880

Agri-business and agricultural loans:
Loans secured by farmland	0		0		231		231


Total collateral dependent loans	0		0		6,180		6,180
Other real estate owned	0		0		196		196
Total assets	$	0	$	0	$	6,376	$	6,376


	December 31, 2021
	Fair Value Measurements Using						Assets at Fair Value
(dollars in thousands)	Level 1		Level 2		Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans	$	0	$	0	$	247	$	247
Non-working capital loans	0		0		5,095		5,095
Commercial real estate and multi-family residential loans:
Owner occupied loans	0		0		791		791
Agri-business and agricultural loans:
Loans secured by farmland	0		0		231		231


Total collateral dependent loans	0		0		6,364		6,364
Other real estate owned	0		0		196		196
Total assets	$	0	$	0	$	6,560	$	6,560

Schedule of Fair Value Measured on Nonrecurring Basis Valuation Techniques

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at March 31, 2022:


(dollars in thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Average		Range of Inputs
Collateral dependent loans:
Commercial and industrial	$	5,069	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	65	%	21%-99%

Collateral dependent loans:
Commercial real estate and multi-family residential loans	880		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	46	%	34%-68%

Collateral dependent loans:
Agribusiness and agricultural	231		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	36	%	3%-68%
Other real estate owned	196		Appraisals	Discount to reflect current market conditions and ultimate collectability	38	%

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2021:


(dollars in thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Average		Range of Inputs
Collateral dependent loans:
Commercial and industrial	$	5,342	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	65	%	22%-99%

Collateral dependent loans:
Commercial real estate and multi-family residential loans	791		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	51	%	34%-68%

Collateral dependent loans:
Agribusiness and agricultural	231		Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	35	%	3%-68%
Other real estate owned	196		Appraisals	Discount to reflect current market conditions and ultimate collectability	38	%

Schedule of Fair Values and the Related Carrying Values of Financial Instruments

The following tables contain the estimated fair values and the related carrying values of the Company’s financial instruments. Items which are not financial instruments are not included.


	March 31, 2022
	Carrying Value		Estimated Fair Value
(dollars in thousands)			Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	475,024	$	473,561	$	1,463	$	0	$	475,024
Securities available-for-sale	1,522,535		2,246		1,517,972		2,317		1,522,535
Real estate mortgages held-for-sale	2,234		0		2,270		0		2,270
Loans, net	4,286,188		0		0		4,169,000		4,169,000
Mortgage banking derivative	257		0		257		0		257
Interest rate swap derivative	19,485		0		19,485		0		19,485
Federal Reserve and Federal Home Loan Bank Stock	12,840		N/A		N/A		N/A		N/A
Accrued interest receivable	19,448		0		9,162		10,286		19,448
Financial Liabilities:
Certificates of deposit	(814,263)		0		(817,622)		0		(817,622)
All other deposits	(5,006,360)		(5,006,360)		0		0		(5,006,360)
Federal Home Loan Bank advances	(75,000)		0		(61,200)		0		(61,200)
Mortgage banking derivative	(3)		0		(3)		0		(3)
Interest rate swap derivative	(19,499)		0		(19,499)		0		(19,499)
Standby letters of credit	(202)		0		0		(202)		(202)
Accrued interest payable	(2,303)		(88)		(2,215)		0		(2,303)


	December 31, 2021
	Carrying Value		Estimated Fair Value
(dollars in thousands)			Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	683,240	$	681,286	$	1,954	$	0	$	683,240
Securities available-for-sale	1,398,558		900		1,395,615		2,043		1,398,558
Real estate mortgages held-for-sale	7,470		0		7,634		0		7,634
Loans, net	4,220,068		0		0		4,144,000		4,144,000
Mortgage banking derivative	398		0		398		0		398
Interest rate swap derivative	14,309		0		14,309		0		14,309
Federal Reserve and Federal Home Loan Bank Stock	13,772		N/A		N/A		N/A		N/A
Accrued interest receivable	17,674		0		7,689		9,985		17,674
Financial Liabilities:
Certificates of deposit	(829,518)		0		(833,617)		0		(833,617)
All other deposits	(4,905,889)		(4,905,889)		0		0		(4,905,889)

Federal Home Loan Bank advances	(75,000)		0		(66,118)		0		(66,118)
Mortgage banking derivative	(2)		0		(2)		0		(2)
Interest rate swap derivative	(14,329)		0		(14,329)		0		(14,329)
Standby letters of credit	(272)		0		0		(272)		(272)
Accrued interest payable	(2,619)		(84)		(2,535)		0		(2,619)

OFFSETTING ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

OFFSETTING ASSETS AND LIABILITIES

Schedule of Offsetting Assets and Liability


	March 31, 2022
	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
(dollars in thousands)							Financial Instruments		Cash Collateral Position
Assets
Interest Rate Swap Derivatives	$	19,485	$	0	$	19,485	$	0	$	(15,415)	$	4,070
Total Assets	$	19,485	$	0	$	19,485	$	0	$	(15,415)	$	4,070
Liabilities
Interest Rate Swap Derivatives	$	19,499	$	0	$	19,499	$	0	$	(90)	$	19,409
Total Liabilities	$	19,499	$	0	$	19,499	$	0	$	(90)	$	19,409


	December 31, 2021
	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
(dollars in thousands)							Financial Instruments		Cash Collateral Position
Assets
Interest Rate Swap Derivatives	$	14,309	$	0	$	14,309	$	0	$	(2,255)	$	12,054
Total Assets	$	14,309	$	0	$	14,309	$	0	$	(2,255)	$	12,054
Liabilities
Interest Rate Swap Derivatives	$	14,329	$	0	$	14,329	$	0	$	(7,995)	$	6,334
Total Liabilities	$	14,329	$	0	$	14,329	$	0	$	(7,995)	$	6,334

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares


	Three Months Ended March 31,
	2022		2021
Weighted average shares outstanding for basic earnings per common share	25,515,271		25,457,659
Dilutive effect of stock based awards	175,101		92,452
Weighted average shares outstanding for diluted earnings per common share	25,690,372		25,550,111

Basic earnings per common share	$	0.93	$	0.90
Diluted earnings per common share	$	0.92	$	0.90

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2022

OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the three months ended March 31, 2022 and 2021, all shown net of tax:


(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2022	$	17,056	$	(963)	$	16,093
Other comprehensive loss before reclassification	(109,807)		0		(109,807)
Amounts reclassified from accumulated other comprehensive loss	0		27		27
Net current period other comprehensive income (loss)	(109,807)		27		(109,780)
Balance at March 31, 2022	$	(92,751)	$	(936)	$	(93,687)


(dollars in thousands)	Unrealized Gains and Losses on Available- for-Sales Securities		Defined Benefit Pension Items		Total
Balance at January 1, 2021	$	29,182	$	(1,438)	$	27,744
Other comprehensive loss before reclassification	(12,084)		0		(12,084)
Amounts reclassified from accumulated other comprehensive income	(595)		45		(550)
Net current period other comprehensive income (loss)	(12,679)		45		(12,634)
Balance at March 31, 2021	$	16,503	$	(1,393)	$	15,110

Schedule of Reclassification Accumulated Other Comprehensive Income

Reclassifications out of other accumulated comprehensive loss for the three months ended March 31, 2022 are as follows:

Details about
Accumulated Other
Comprehensive
Income Components

Amount
Reclassified From Accumulated Other Comprehensive Income

Affected Line Item
in the Statement Where Net Income is Presented

(dollars in thousands)

Amortization of defined benefit pension items

(36)

Other expense

Tax effect

Income tax expense

(27)

Net of tax

Total reclassifications for the period

(27)

Net income

Reclassifications out of other accumulated comprehensive income for the three months ended March 31, 2021 are as follows:

Details about
Accumulated Other
Comprehensive
Income Components

Amount
Reclassified From Accumulated Other Comprehensive Income

Affected Line Item
in the Statement Where Net Income is Presented

(dollars in thousands)

Realized gains and losses on available-for-sale securities

753

Net securities gains

Tax effect

(158)

Income tax expense

595

Net of tax

Amortization of defined benefit pension items

(60)

Other expense

Tax effect

Income tax expense

(45)

Net of tax

Total reclassifications for the period

550

Net income

LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Maturity Analysis of the Operating Lease Liabilities

The following is a maturity analysis of the operating lease liabilities as of March 31, 2022:


Years ending December 31, (in thousands)	Operating Lease Obligation
2022	$	530
2023	717
2024	734
2025	752
2026	731
2027 and thereafter	2,938
Total undiscounted lease payments	6,402
Less imputed interest	(703)
Lease liability	$	5,699
Right-of-use asset	$	5,699

Schedule of Lease Cost


	Three months ended March 31,
	2022			2021
Lease cost
Operating lease cost	$	170		$	135
Short-term lease cost	6			6
Total lease cost	$	176		$	141

Other information
Operating cash outflows from operating leases	$	170		$	135
Weighted-average remaining lease term - operating leases	8.9 years			8.6 years
Weighted average discount rate - operating leases	2.5		%	2.8		%

BASIS OF PRESENTATION (Details)	3 Months Ended
BASIS OF PRESENTATION (Details)	Mar. 31, 2022 subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly owned subsidiaries	2

SECURITIES - Summary of Available For Sale Securities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Information related to available for sale securities
Amortized Cost	$ 1,639,941,000	$ 1,376,969,000
Gross Unrealized Gain	5,288,000	30,244,000
Gross Unrealized Losses	(122,694,000)	(8,655,000)
Allowance for Credit Losses	0	0
Fair Value	1,522,535,000	1,398,558,000
U.S. Treasury securities
Information related to available for sale securities
Amortized Cost	2,250,000	900,000
Gross Unrealized Gain	0	0
Gross Unrealized Losses	(4,000)	0
Allowance for Credit Losses	0	0
Fair Value	2,246,000	900,000
U.S. government sponsored agencies
Information related to available for sale securities
Amortized Cost	164,514,000	145,858,000
Gross Unrealized Gain	0	39,000
Gross Unrealized Losses	(11,622,000)	(2,445,000)
Allowance for Credit Losses	0	0
Fair Value	152,892,000	143,452,000
Mortgage-backed securities: residential
Information related to available for sale securities
Amortized Cost	634,654,000	487,157,000
Gross Unrealized Gain	680,000	4,455,000
Gross Unrealized Losses	(39,013,000)	(4,936,000)
Allowance for Credit Losses	0	0
Fair Value	596,321,000	486,676,000
Mortgage-backed securities: commercial
Information related to available for sale securities
Amortized Cost	96,000	522,000
Gross Unrealized Gain	0	1,000
Gross Unrealized Losses	0	0
Allowance for Credit Losses	0	0
Fair Value	96,000	523,000
State and municipal securities
Information related to available for sale securities
Amortized Cost	838,427,000	742,532,000
Gross Unrealized Gain	4,608,000	25,749,000
Gross Unrealized Losses	(72,055,000)	(1,274,000)
Allowance for Credit Losses	0	0
Fair Value	$ 770,980,000	$ 767,007,000

SECURITIES - Schedule of Available For Sale Securities By Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Due in one year or less	$ 3,356
Due after one year through five years	11,031
Due after five years through ten years	54,556
Due after ten years	936,248
Total debt securities, gross	1,005,191
Mortgage-backed securities	634,750
Amortized Cost	1,639,941	$ 1,376,969
Fair Value
Due in one year or less	3,357
Due after one year through five years	11,140
Due after five years through ten years	54,559
Due after ten years	857,062
Total debt securities, gross	926,118
Mortgage-backed securities	596,417
Total debt securities	$ 1,522,535	$ 1,398,558

SECURITIES - Schedule of Sales of Securities Available For Sale (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) security	Mar. 31, 2021 USD ($) security
Sales of securities available-for-sale
Proceeds	$ 0	$ 13,506
Gross gains	0	753
Gross losses	$ 0	$ 0
Number of securities \| security	0	7

SECURITIES - Additional Information (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Information related to available for sale securities
Available-for-sale Securities pledged as collateral	$ 272,600,000	$ 300,800,000
Allowance for credit losses	0	0
Accrued interest receivable on available-for-sale debt securities	$ 8,800,000	$ 7,400,000

SECURITIES - Schedule of Available For Sale of Securities Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities
Less than 12 months, fair value	$ 1,130,257	$ 496,891
12 months or more, fair value	139,382	51,468
Total fair value	1,269,639	548,359
Less than 12 months, unrealized losses	106,993	6,714
12 Months or more, unrealized losses	15,701	1,941
Total unrealized losses	122,694	8,655
U.S. Treasury securities
Schedule of Available-for-sale Securities
Less than 12 months, fair value	2,246
12 months or more, fair value	0
Total fair value	2,246
Less than 12 months, unrealized losses	4
12 Months or more, unrealized losses	0
Total unrealized losses	4
U.S. government sponsored agencies
Schedule of Available-for-sale Securities
Less than 12 months, fair value	126,338	85,968
12 months or more, fair value	26,554	28,676
Total fair value	152,892	114,644
Less than 12 months, unrealized losses	8,757	1,364
12 Months or more, unrealized losses	2,865	1,081
Total unrealized losses	11,622	2,445
Mortgage-backed securities: residential
Schedule of Available-for-sale Securities
Less than 12 months, fair value	441,367	272,264
12 months or more, fair value	109,331	22,792
Total fair value	550,698	295,056
Less than 12 months, unrealized losses	26,752	4,076
12 Months or more, unrealized losses	12,261	860
Total unrealized losses	39,013	4,936
Mortgage-backed securities: commercial
Schedule of Available-for-sale Securities
Less than 12 months, fair value	96
12 months or more, fair value	0
Total fair value	96
Less than 12 months, unrealized losses	0
12 Months or more, unrealized losses	0
Total unrealized losses	0
State and municipal securities
Schedule of Available-for-sale Securities
Less than 12 months, fair value	560,210	138,659
12 months or more, fair value	3,497	0
Total fair value	563,707	138,659
Less than 12 months, unrealized losses	71,480	1,274
12 Months or more, unrealized losses	575	0
Total unrealized losses	$ 72,055	$ 1,274

SECURITIES - Quantitative Disclosure of Available For Sale of Securities (Details) - position	Mar. 31, 2022	Dec. 31, 2021
Number of securities with unrealized losses [Abstract]
Number of available-for-sale securities in unrealized loss positions, less than 12 months	485	117
Number of available-for-sale securities in unrealized loss positions, 12 months or more	23	8
Number of available-for-sale securities in unrealized loss positions, total	508	125
U.S. Treasury securities
Number of securities with unrealized losses [Abstract]
Number of available-for-sale securities in unrealized loss positions, less than 12 months	6
Number of available-for-sale securities in unrealized loss positions, 12 months or more	0
Number of available-for-sale securities in unrealized loss positions, total	6
U.S. government sponsored agencies
Number of securities with unrealized losses [Abstract]
Number of available-for-sale securities in unrealized loss positions, less than 12 months	12	8
Number of available-for-sale securities in unrealized loss positions, 12 months or more	5	5
Number of available-for-sale securities in unrealized loss positions, total	17	13
Mortgage-backed securities: residential
Number of securities with unrealized losses [Abstract]
Number of available-for-sale securities in unrealized loss positions, less than 12 months	90	29
Number of available-for-sale securities in unrealized loss positions, 12 months or more	15	3
Number of available-for-sale securities in unrealized loss positions, total	105	32
Mortgage-backed securities: commercial
Number of securities with unrealized losses [Abstract]
Number of available-for-sale securities in unrealized loss positions, less than 12 months	1
Number of available-for-sale securities in unrealized loss positions, 12 months or more	0
Number of available-for-sale securities in unrealized loss positions, total	1
State and municipal securities
Number of securities with unrealized losses [Abstract]
Number of available-for-sale securities in unrealized loss positions, less than 12 months	376	80
Number of available-for-sale securities in unrealized loss positions, 12 months or more	3	0
Number of available-for-sale securities in unrealized loss positions, total	379	80

LOANS - Total Loans Outstanding (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 4,356,471	$ 4,291,105
Percentage of loans receivable	100.00%	100.00%
Less: Allowance for credit losses	$ (67,526)	$ (67,773)	$ (71,844)	$ (61,408)
Net deferred loan fees	(2,757)	(3,264)
Loans, net	4,286,188	4,220,068
Total commercial loans \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 3,922,910	$ 3,863,630
Percentage of loans receivable	90.10%	90.10%
Total consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 433,561	$ 427,475
Percentage of loans receivable	9.90%	9.90%
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 83,395	$ 82,755
Percentage of loans receivable	1.90%	1.90%
Commercial and industrial loans:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 1,463,457	$ 1,389,469
Percentage of loans receivable	33.60%	32.40%
Commercial and industrial loans: \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: Allowance for credit losses	$ (31,322)	$ (30,595)	(32,052)	(28,333)
Commercial and industrial loans: \| Working capital lines of credit loans \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 678,567	$ 652,861
Percentage of loans receivable	15.60%	15.20%
Commercial and industrial loans: \| Non-working capital loans \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 784,890	$ 736,608
Percentage of loans receivable	18.00%	17.20%
Commercial real estate and multi-family residential loans:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 1,957,372	$ 1,954,846
Percentage of loans receivable	44.90%	45.60%
Commercial real estate and multi-family residential loans: \| Construction and land development loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 399,618	$ 379,813
Percentage of loans receivable	9.20%	8.90%
Commercial real estate and multi-family residential loans: \| Owner occupied loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 724,588	$ 739,371
Percentage of loans receivable	16.60%	17.20%
Commercial real estate and multi-family residential loans: \| Nonowner occupied loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 619,163	$ 588,458
Percentage of loans receivable	14.20%	13.70%
Commercial real estate and multi-family residential loans: \| Multifamily loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 214,003	$ 247,204
Percentage of loans receivable	4.90%	5.80%
Agri-business and agricultural loans:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 423,669	$ 445,825
Percentage of loans receivable	9.80%	10.40%
Agri-business and agricultural loans: \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: Allowance for credit losses	$ (4,761)	$ (5,034)	$ (3,901)	$ (3,043)
Agri-business and agricultural loans: \| Loans secured by farmland \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 164,252	$ 206,331
Percentage of loans receivable	3.80%	4.80%
Agri-business and agricultural loans: \| Loans for agricultural production \| Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 259,417	$ 239,494
Percentage of loans receivable	6.00%	5.60%
Other commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 78,412	$ 73,490
Percentage of loans receivable	1.80%	1.70%
Consumer 1-4 family mortgage loans:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 350,166	$ 344,720
Percentage of loans receivable	8.00%	8.00%
Consumer 1-4 family mortgage loans: \| Closed end first mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 180,448	$ 176,561
Percentage of loans receivable	4.10%	4.10%
Consumer 1-4 family mortgage loans: \| Open end and junior lien loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 158,583	$ 156,238
Percentage of loans receivable	3.60%	3.60%
Consumer 1-4 family mortgage loans: \| Residential construction and land development loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable before allowance for credit loss	$ 11,135	$ 11,921
Percentage of loans receivable	0.30%	0.30%

LOANS - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Investment loans excluding accrued interest	$ 10,300	$ 10,000
Residential real estate loans in the process of foreclosure	$ 239	$ 350

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Allowance for loan losses by portfolio segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	$ 67,773	$ 61,408
Provision for credit losses	417	1,477
Loans charged-off	(740)	(236)
Recoveries	76	145
Net loans (charged-off) recovered	(664)	(91)
Ending balance	67,526	71,844
Impact of adopting ASC 326 \| ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		9,050
Commercial and Industrial \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	30,595	28,333
Provision for credit losses	730	(540)
Loans charged-off	(19)	(87)
Recoveries	16	34
Net loans (charged-off) recovered	(3)	(53)
Ending balance	31,322	32,052
Commercial and Industrial \| Impact of adopting ASC 326 \| ASU 2016-13 \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		4,312
Commercial Real Estate and Multifamily Residential \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	26,535	22,907
Provision for credit losses	319	2,285
Loans charged-off	(597)	(71)
Recoveries	0	8
Net loans (charged-off) recovered	(597)	(63)
Ending balance	26,257	29,445
Commercial Real Estate and Multifamily Residential \| Impact of adopting ASC 326 \| ASU 2016-13 \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		4,316
Agri-business and Agricultural \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	5,034	3,043
Provision for credit losses	(273)	(202)
Loans charged-off	0	0
Recoveries	0	0
Net loans (charged-off) recovered	0	0
Ending balance	4,761	3,901
Agri-business and Agricultural \| Impact of adopting ASC 326 \| ASU 2016-13 \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		1,060
Other Commercial \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	1,146	416
Provision for credit losses	(88)	(185)
Loans charged-off	0	0
Recoveries	0	0
Net loans (charged-off) recovered	0	0
Ending balance	1,058	1,172
Other Commercial \| Impact of adopting ASC 326 \| ASU 2016-13 \| Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		941
Consumer 1-4 Family Mortgage \| Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	2,866	2,619
Provision for credit losses	(248)	(233)
Loans charged-off	(22)	(6)
Recoveries	10	51
Net loans (charged-off) recovered	(12)	45
Ending balance	2,606	3,384
Consumer 1-4 Family Mortgage \| Impact of adopting ASC 326 \| ASU 2016-13 \| Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		953
Other Consumer \| Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	1,147	951
Provision for credit losses	(55)	13
Loans charged-off	(102)	(72)
Recoveries	50	52
Net loans (charged-off) recovered	(52)	(20)
Ending balance	1,040	1,293
Other Consumer \| Impact of adopting ASC 326 \| ASU 2016-13 \| Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		349
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	450	3,139
Provision for credit losses	32	339
Loans charged-off	0	0
Recoveries	0	0
Net loans (charged-off) recovered	0	0
Ending balance	$ 482	597
Unallocated \| Impact of adopting ASC 326 \| ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		$ (2,881)

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 loan	Dec. 31, 2021 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Loan amount of credit quality analysis	$ 250,000
Loans receivable before allowance for credit loss	4,353,714,000		$ 4,287,841,000
PPP \| Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans receivable before allowance for credit loss	12,500,000		26,200,000
Total consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified In troubled debt restructured loans	$ 6,000,000		$ 5,800,000
Number of loans modified as troubled debt restructurings \| loan	1	0

- Definition

Amount, before allowance for credit loss, of financing receivable.

+ References + Details

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Risk category of loans by loan segment and origination (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
2022	$ 201,397	$ 839,292
2021	816,358	719,840
2020	664,014	414,127
2019	378,947	207,202
2018	181,461	217,546
Prior	395,936	266,255
Term Total	2,638,113	2,664,262
Revolving	1,715,601	1,623,579
Total	4,353,714	4,287,841
Other commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2022	2,964	6,556
2021	6,417	21,111
2020	20,425	3,243
2019	3,082	1,273
2018	1,175	8,592
Prior	18,692	11,258
Term Total	52,755	52,033
Revolving	25,363	21,145
Total	78,118	73,178
Working capital lines of credit loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	3,699
2021	3,082	830
2020	838	3,395
2019	3,045	0
2018	0	0
Prior	0	0
Term Total	6,965	7,924
Revolving	671,689	645,003
Total	678,654	652,927
Non-working capital loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	64,438	208,363
2021	186,973	147,863
2020	131,807	81,630
2019	73,495	42,975
2018	27,145	27,358
Prior	40,201	20,355
Term Total	524,059	528,544
Revolving	260,376	207,115
Total	784,435	735,659
Construction and land development loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	9,322	35,136
2021	37,819	30,224
2020	20,870	1,276
2019	542	998
2018	573	0
Prior	0	0
Term Total	69,126	67,634
Revolving	328,649	310,396
Total	397,775	378,030
Owner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	20,705	142,905
2021	173,527	170,974
2020	175,680	125,906
2019	109,940	87,761
2018	80,330	86,236
Prior	135,558	95,398
Term Total	695,740	709,180
Revolving	28,228	29,611
Total	723,968	738,791
Nonowner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	41,921	158,167
2021	153,737	154,764
2020	146,895	107,262
2019	105,635	19,054
2018	21,701	31,023
Prior	101,200	73,407
Term Total	571,089	543,677
Revolving	47,604	44,362
Total	618,693	588,039
Multifamily loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	24,843	84,678
2021	67,930	53,195
2020	37,909	36,575
2019	36,337	12,286
2018	11,969	36,826
Prior	21,061	9,793
Term Total	200,049	233,353
Revolving	13,605	13,434
Total	213,654	246,787
Loans secured by farmland \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	4,748	47,739
2021	46,921	39,020
2020	37,074	18,552
2019	14,283	10,469
2018	10,224	10,634
Prior	25,544	17,196
Term Total	138,794	143,610
Revolving	25,431	62,692
Total	164,225	206,302
Loans for agricultural production \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,573	36,686
2021	31,876	34,497
2020	32,547	5,395
2019	5,145	11,072
2018	10,372	1,331
Prior	5,356	4,178
Term Total	86,869	93,159
Revolving	172,626	146,414
Total	259,495	239,573
Closed end first mortgage loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	9,439	59,724
2021	60,854	43,911
2020	39,724	14,560
2019	13,961	11,120
2018	9,879	10,677
Prior	40,143	30,816
Term Total	174,000	170,808
Revolving	6,191	5,487
Total	180,191	176,295
Open end and junior lien loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	14,626	22,624
2021	19,299	6,003
2020	5,041	6,146
2019	5,082	4,212
2018	3,079	1,653
Prior	3,306	1,526
Term Total	50,433	42,164
Revolving	109,805	115,695
Total	160,238	157,859
Residential construction loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,420	7,926
2021	6,189	1,537
2020	1,158	960
2019	892	138
2018	136	171
Prior	1,278	1,125
Term Total	11,073	11,857
Revolving	0	0
Total	11,073	11,857
Other consumer loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	5,398	25,089
2021	21,734	15,911
2020	14,046	9,227
2019	7,508	5,844
2018	4,878	3,045
Prior	3,597	1,203
Term Total	57,161	60,319
Revolving	26,034	22,225
Total	83,195	82,544
Pass \| Other commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2022	2,964	6,556
2021	6,417	21,111
2020	20,425	3,243
2019	3,082	1,273
2018	1,175	8,592
Prior	15,043	7,460
Term Total	49,106	48,235
Revolving	25,363	21,145
Total	74,469	69,380
Pass \| Working capital lines of credit loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	3,699
2021	3,082	830
2020	764	3,360
2019	3,045	0
2018	0	0
Prior	0	0
Term Total	6,891	7,889
Revolving	593,938	558,634
Total	600,829	566,523
Pass \| Non-working capital loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	63,830	185,374
2021	165,396	139,157
2020	123,800	79,477
2019	71,707	38,899
2018	23,723	19,415
Prior	31,231	18,489
Term Total	479,687	480,811
Revolving	256,462	203,794
Total	736,149	684,605
Pass \| Construction and land development loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	9,322	35,136
2021	37,819	30,224
2020	20,870	1,276
2019	542	998
2018	573	0
Prior	0	0
Term Total	69,126	67,634
Revolving	328,593	310,396
Total	397,719	378,030
Pass \| Owner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	20,705	135,861
2021	166,777	169,404
2020	174,001	124,117
2019	108,181	85,070
2018	78,260	78,155
Prior	126,142	93,925
Term Total	674,066	686,532
Revolving	28,228	29,611
Total	702,294	716,143
Pass \| Nonowner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	41,921	146,342
2021	142,070	154,433
2020	146,588	107,262
2019	105,635	19,054
2018	21,701	31,023
Prior	87,080	59,154
Term Total	544,995	517,268
Revolving	47,604	44,362
Total	592,599	561,630
Pass \| Multifamily loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	2,665	84,678
2021	67,930	53,195
2020	37,909	36,575
2019	36,337	12,286
2018	11,969	14,574
Prior	21,061	9,793
Term Total	177,871	211,101
Revolving	13,605	13,434
Total	191,476	224,535
Pass \| Loans secured by farmland \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	4,748	47,532
2021	46,921	37,035
2020	35,089	16,249
2019	12,005	10,469
2018	10,034	10,454
Prior	25,189	17,021
Term Total	133,986	138,760
Revolving	24,532	61,774
Total	158,518	200,534
Pass \| Loans for agricultural production \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,573	36,238
2021	31,444	25,855
2020	24,820	4,224
2019	3,985	11,072
2018	10,372	1,331
Prior	5,356	4,178
Term Total	77,550	82,898
Revolving	166,721	138,142
Total	244,271	221,040
Pass \| Closed end first mortgage loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,360	14,635
2021	13,558	16,173
2020	15,386	5,312
2019	5,197	5,903
2018	5,722	3,049
Prior	4,604	3,221
Term Total	45,827	48,293
Revolving	6,191	5,005
Total	52,018	53,298
Pass \| Open end and junior lien loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	679
2021	662	379
2020	374	159
2019	115	313
2018	103	0
Prior	0	0
Term Total	1,254	1,530
Revolving	4,900	5,074
Total	6,154	6,604
Pass \| Other consumer loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	78	3,401
2021	2,302	957
2020	787	1,523
2019	1,167	0
2018	0	1,155
Prior	1,088	0
Term Total	5,422	7,036
Revolving	17,046	12,998
Total	22,468	20,034
Special Mention \| Other commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	3,649	3,798
Term Total	3,649	3,798
Revolving	0	0
Total	3,649	3,798
Special Mention \| Working capital lines of credit loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Term Total	0	0
Revolving	59,209	60,441
Total	59,209	60,441
Special Mention \| Non-working capital loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	209	17,728
2021	16,535	0
2020	0	225
2019	216	979
2018	635	2,350
Prior	3,657	1,426
Term Total	21,252	22,708
Revolving	79	0
Total	21,331	22,708
Special Mention \| Construction and land development loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Term Total	0
Revolving	56
Total	56
Special Mention \| Owner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	6,555
2021	6,277	0
2020	0	880
2019	865	933
2018	909	7,387
Prior	9,180	1,235
Term Total	17,231	16,990
Revolving	0	0
Total	17,231	16,990
Special Mention \| Nonowner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	11,825
2021	11,667	331
2020	307	0
2019	0	0
2018	0	0
Prior	14,120	14,253
Term Total	26,094	26,409
Revolving	0	0
Total	26,094	26,409
Special Mention \| Multifamily loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	22,178	0
2021	0	0
2020	0	0
2019	0	0
2018	0	22,252
Prior	0	0
Term Total	22,178	22,252
Revolving	0	0
Total	22,178	22,252
Special Mention \| Loans secured by farmland \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	1,985
2020	1,985	2,303
2019	2,278	0
2018	0	180
Prior	210	30
Term Total	4,473	4,498
Revolving	899	918
Total	5,372	5,416
Special Mention \| Loans for agricultural production \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	448
2021	432	8,642
2020	7,727	1,171
2019	1,160	0
2018	0	0
Prior	0	0
Term Total	9,319	10,261
Revolving	5,905	8,272
Total	15,224	18,533
Special Mention \| Closed end first mortgage loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022		0
2021		0
2020		0
2019		0
2018		0
Prior		1,274
Term Total		1,274
Revolving		0
Total		1,274
Substandard \| Working capital lines of credit loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	74	35
2019	0	0
2018	0	0
Prior	0	0
Term Total	74	35
Revolving	18,542	25,928
Total	18,616	25,963
Substandard \| Non-working capital loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	2,996
2021	2,937	6,948
2020	6,380	1,091
2019	862	2,534
2018	2,370	5,465
Prior	5,217	426
Term Total	17,766	19,460
Revolving	3,835	3,321
Total	21,601	22,781
Substandard \| Owner occupied loans \| Commercial Real Estate and Multifamily Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	489
2021	473	1,570
2020	1,679	909
2019	894	1,758
2018	1,161	694
Prior	236	238
Term Total	4,443	5,658
Revolving	0	0
Total	4,443	5,658
Substandard \| Loans secured by farmland \| Agri-business and agricultural loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	207
2021	0	0
2020	0	0
2019	0	0
2018	190	0
Prior	145	145
Term Total	335	352
Revolving	0	0
Total	335	352
Substandard \| Closed end first mortgage loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	88
Prior	3,050
Term Total	3,138
Revolving	0
Total	3,138
Substandard \| Open end and junior lien loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	2	0
Term Total	2	0
Revolving	26	98
Total	28	98
Substandard \| Other consumer loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	36
2021	0	23
2020	22	230
2019	219	0
2018	0	0
Prior	0	0
Term Total	241	289
Revolving	41	0
Total	282	289
Not Rated \| Non-working capital loans \| Commercial and industrial loans:
Financing Receivable, Credit Quality Indicator [Line Items]
2022	399	2,265
2021	2,105	1,758
2020	1,627	837
2019	710	563
2018	417	128
Prior	96	14
Term Total	5,354	5,565
Revolving	0	0
Total	5,354	5,565
Not Rated \| Closed end first mortgage loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	8,079	45,089
2021	47,296	27,738
2020	24,338	9,248
2019	8,764	5,217
2018	4,069	7,628
Prior	32,489	26,321
Term Total	125,035	121,241
Revolving	0	482
Total	125,035	121,723
Not Rated \| Open end and junior lien loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	14,626	21,945
2021	18,637	5,624
2020	4,667	5,987
2019	4,967	3,899
2018	2,976	1,653
Prior	3,304	1,526
Term Total	49,177	40,634
Revolving	104,879	110,523
Total	154,056	151,157
Not Rated \| Residential construction loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,420	7,926
2021	6,189	1,537
2020	1,158	960
2019	892	138
2018	136	171
Prior	1,278	1,125
Term Total	11,073	11,857
Revolving	0	0
Total	11,073	11,857
Not Rated \| Other consumer loans \| Consumer 1-4 Family Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	5,320	21,652
2021	19,432	14,931
2020	13,237	7,474
2019	6,122	5,844
2018	4,878	1,890
Prior	2,509	1,203
Term Total	51,498	52,994
Revolving	8,947	9,227
Total	$ 60,445	$ 62,221

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Amortized Cost Basis Of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Collateral Dependent Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	$ 5,974	$ 6,312
General Business Assets	16,667	17,091
Other	1,453	1,449
Total	24,094	24,950
Commercial and industrial loans: \| Working capital lines of credit loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	74	0
General Business Assets	5,497	5,966
Other	0	0
Total	5,571	5,966
Commercial and industrial loans: \| Non-working capital loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	1,581	1,606
General Business Assets	9,525	9,475
Other	229	229
Total	11,335	11,310
Commercial Real Estate and Multifamily Residential \| Owner occupied loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	960	1,435
General Business Assets	1,500	1,505
Other	1,161	1,161
Total	3,621	4,101
Agri-business and agricultural loans: \| Loans secured by farmland
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	190	190
General Business Assets	145	145
Other	0	0
Total	335	335
Consumer 1-4 Family Mortgage \| Closed end first mortgage loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	3,141	3,081
General Business Assets	0	0
Other	0	0
Total	3,141	3,081
Consumer 1-4 Family Mortgage \| Open end and junior lien loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	28	98
General Business Assets	0	0
Other	0	0
Total	28	98
Consumer 1-4 Family Mortgage \| Other consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Real Estate	0	0
General Business Assets	0	0
Other	63	59
Total	$ 63	$ 59

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Troubled Debt Restructuring (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY
Accruing troubled debt restructured loans	$ 4,976
Nonaccrual troubled debt restructured loans	6,443
Total troubled debt restructured loans	$ 11,419
Accruing troubled debt restructured loans		$ 5,121
Nonaccrual troubled debt restructured loans		6,218
Total troubled debt restructured loans		$ 11,339

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Loans By Class Modified As Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 loan
All Modifications
Financing Receivable, Modifications
Number of Loans \| loan	1
Commercial and industrial loans:
Financing Receivable, Modifications
Pre-Modification Outstanding Recorded Investment	$ 226
Post-Modification Outstanding Recorded Investment	226
Commercial and industrial loans: \| Working capital lines of credit loans
Financing Receivable, Modifications
Pre-Modification Outstanding Recorded Investment	226
Post-Modification Outstanding Recorded Investment	$ 226
Commercial and industrial loans: \| Working capital lines of credit loans \| All Modifications
Financing Receivable, Modifications
Number of Loans \| loan	1
Total consumer loans
Financing Receivable, Modifications
Number of Loans \| loan	1	0

BORROWINGS - Long-term Borrowings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank Advance, ten-year, putable six-month Bermudan fixed-rate, Due March 4, 2030
Debt Instrument [Line Items]
Debt instrument, term	10 years
Debt instrument, interest rate, stated percentage (as a percent)	0.39%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term Federal Home Loan Bank advances	$ 75.0	$ 75.0

BORROWINGS - Revolving Credit Agreement (Details) - Unsecured revolving credit agreement - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Aug. 02, 2019
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 30,000,000
Debt instrument, term	1 year
Outstanding borrowings	$ 0	$ 0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

FAIR VALUE DISCLOSURES - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	3.39%
Mortgage servicing rights	$ 2,700,000
Amortized cost	3,000,000
Mortgage servicing rights, impairment	$ 355,000
Weighted average maturity of residential mortgages	21 years
Qualitative information used to estimate fair value	228	249
Discount rate used to estimate fair value	9.50%	9.50%
Minimum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Amount of variance	$ 100,000
Minimum \| Commercial Real Estates \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	0.00%
Minimum \| Inventory Finished Goods \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	35.00%
Minimum \| Finished Goods \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	30.00%
Minimum \| Inventory Work In Process \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	50.00%
Minimum \| Equipment \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	30.00%
Minimum \| Marketable Securities \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	10.00%
Maximum \| Commercial Real Estates \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	50.00%
Maximum \| Inventory Finished Goods \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	65.00%
Maximum \| Finished Goods \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	60.00%
Maximum \| Inventory Work In Process \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	100.00%
Maximum \| Equipment \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	70.00%
Maximum \| Marketable Securities \| Level 3
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of discount from appraised value (in hundredths)	30.00%
Municipal Notes \| Minimum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of variance	(5.00%)
Municipal Notes \| Maximum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of variance	5.00%
US Government Agencies Short-term Debt Securities \| Minimum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of variance	(3.00%)
US Government Agencies Short-term Debt Securities \| Maximum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of variance	3.00%
U.S. Treasury securities \| Minimum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of variance	(1.00%)
U.S. Treasury securities \| Maximum
Assets Pledged As Collateral For Loans Receivable [Line Items]
Percentage of variance	1.00%

FAIR VALUE DISCLOSURES - Assets and Liabilities Measured At Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Total debt securities	$ 1,522,535	$ 1,398,558
Debt Securities, Available-for-sale, Total		1,398,558
Mortgage banking derivative	19,485	14,309
Interest rate swap derivative	19,485	14,309
Liabilities:
Mortgage banking derivative	19,499	14,329
Interest rate swap derivative	19,499	14,329
Fair Value, Measurements, Recurring
Assets:
U.S. Treasury securities	2,246	900
U.S. government sponsored agency securities	152,892	143,452
Mortgage-backed securities: residential	596,321	486,676
Mortgage-backed securities: commercial	96	523
State and municipal securities	770,980	767,007
Total debt securities	1,522,535
Debt Securities, Available-for-sale, Total		1,398,558
Mortgage banking derivative	257	398
Interest rate swap derivative	19,485	14,309
Total assets	1,542,277	1,413,265
Liabilities:
Mortgage banking derivative	3	2
Interest rate swap derivative	19,499	14,329
Total liabilities	19,502	14,331
Level 1 \| Fair Value, Measurements, Recurring
Assets:
U.S. Treasury securities	2,246	900
U.S. government sponsored agency securities	0	0
Mortgage-backed securities: residential	0	0
Mortgage-backed securities: commercial	0	0
State and municipal securities	0	0
Total debt securities	2,246
Debt Securities, Available-for-sale, Total		900
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Total assets	2,246	900
Liabilities:
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Total liabilities	0	0
Level 2 \| Fair Value, Measurements, Recurring
Assets:
U.S. Treasury securities	0	0
U.S. government sponsored agency securities	152,892	143,452
Mortgage-backed securities: residential	596,321	486,676
Mortgage-backed securities: commercial	96	523
State and municipal securities	768,663	764,964
Total debt securities	1,517,972
Debt Securities, Available-for-sale, Total		1,395,615
Mortgage banking derivative	257	398
Interest rate swap derivative	19,485	14,309
Total assets	1,537,714	1,410,322
Liabilities:
Mortgage banking derivative	3	2
Interest rate swap derivative	19,499	14,329
Total liabilities	19,502	14,331
Level 3 \| Fair Value, Measurements, Recurring
Assets:
U.S. Treasury securities	0	0
U.S. government sponsored agency securities	0	0
Mortgage-backed securities: residential	0	0
Mortgage-backed securities: commercial	0	0
State and municipal securities	2,317	2,043
Total debt securities	2,317
Debt Securities, Available-for-sale, Total		2,043
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Total assets	2,317	2,043
Liabilities:
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Total liabilities	$ 0	$ 0

FAIR VALUE DISCLOSURES - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 6,180	$ 6,364
Other real estate owned	196	196
Total assets	6,376	6,560
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Other real estate owned	0	0
Total assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Other real estate owned	0	0
Total assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	6,180	6,364
Other real estate owned	196	196
Total assets	6,376	6,560
Commercial and industrial loans:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	5,069	5,342
Commercial and industrial loans: \| Working capital lines of credit loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	353	247
Commercial and industrial loans: \| Working capital lines of credit loans \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial and industrial loans: \| Working capital lines of credit loans \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial and industrial loans: \| Working capital lines of credit loans \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	353	247
Commercial and industrial loans: \| Non-working capital loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,716	5,095
Commercial and industrial loans: \| Non-working capital loans \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial and industrial loans: \| Non-working capital loans \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial and industrial loans: \| Non-working capital loans \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,716	5,095
Commercial Real Estate and Multifamily Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	880	791
Commercial Real Estate and Multifamily Residential \| Owner occupied loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	880	791
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	880	791
Agri-business and agricultural loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	231	231
Agri-business and agricultural loans \| Loans secured by farmland
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	231	231
Agri-business and agricultural loans \| Loans secured by farmland \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Agri-business and agricultural loans \| Loans secured by farmland \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Agri-business and agricultural loans \| Loans secured by farmland \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 231	$ 231

FAIR VALUE DISCLOSURES - Valuation Methodology and Unobservable Inputs for Level 3 Assets (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Fair Value	$ 6,180	$ 6,364
Commercial and industrial loans:
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Fair Value	$ 5,069	$ 5,342
Valuation Methodology	Collateral based measurements	Collateral based measurements
Unobservable Inputs	Discount to reflect current market conditions and ultimate collectability	Discount to reflect current market conditions and ultimate collectability
Commercial and industrial loans: \| Average
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.65	0.65
Commercial and industrial loans: \| Minimum
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.21	0.22
Commercial and industrial loans: \| Maximum
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.99	0.99
Commercial Real Estate and Multifamily Residential
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Fair Value	$ 880	$ 791
Valuation Methodology	Collateral based measurements	Collateral based measurements
Unobservable Inputs	Discount to reflect current market conditions and ultimate collectability	Discount to reflect current market conditions and ultimate collectability
Commercial Real Estate and Multifamily Residential \| Average
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.46	0.51
Commercial Real Estate and Multifamily Residential \| Minimum
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.34	0.34
Commercial Real Estate and Multifamily Residential \| Maximum
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.68	0.68
Agri-business and agricultural loans
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Fair Value	$ 231	$ 231
Valuation Methodology	Collateral based measurements	Collateral based measurements
Unobservable Inputs	Discount to reflect current market conditions and ultimate collectability	Discount to reflect current market conditions and ultimate collectability
Agri-business and agricultural loans \| Average
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.36	0.35
Agri-business and agricultural loans \| Minimum
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.03	0.03
Agri-business and agricultural loans \| Maximum
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.68	0.68
Other Real Estate Owned
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Fair Value	$ 196	$ 196
Valuation Methodology	Appraisals	Appraisals
Unobservable Inputs	Discount to reflect current market conditions and ultimate collectability	Discount to reflect current market conditions and ultimate collectability
Other Real Estate Owned \| Average
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items]
Average	0.38	0.38

FAIR VALUE DISCLOSURES - Estimated Fair Values And The Related Carrying Values Of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets:
Cash and cash equivalents	$ 475,024	$ 683,240
Securities available-for-sale (carried at fair value)	1,522,535	1,398,558
Securities available-for-sale (carried at fair value)		1,398,558
Real estate mortgages held-for-sale	2,270	7,634
Loans, net	4,169,000	4,144,000
Mortgage banking derivative	257	398
Interest rate swap derivative	19,485	14,309
Accrued interest receivable	19,448	17,674
Financial Liabilities:
Certificates of deposit	(817,622)	(833,617)
All other deposits	(5,006,360)	(4,905,889)
Federal Home Loan Bank advances	(61,200)	(66,118)
Mortgage banking derivative	(3)	(2)
Interest rate swap derivative	(19,499)	(14,329)
Standby letters of credit	(202)	(272)
Accrued interest payable	(2,303)	(2,619)
Carrying Value
Financial Assets:
Cash and cash equivalents	475,024	683,240
Securities available-for-sale (carried at fair value)	1,522,535
Securities available-for-sale (carried at fair value)		1,398,558
Real estate mortgages held-for-sale	2,234	7,470
Loans, net	4,286,188	4,220,068
Mortgage banking derivative	257	398
Interest rate swap derivative	19,485	14,309
Federal Reserve and Federal Home Loan Bank Stock	12,840	13,772
Accrued interest receivable	19,448	17,674
Financial Liabilities:
Certificates of deposit	(814,263)	(829,518)
All other deposits	(5,006,360)	(4,905,889)
Federal Home Loan Bank advances	(75,000)	(75,000)
Mortgage banking derivative	(3)	(2)
Interest rate swap derivative	(19,499)	(14,329)
Standby letters of credit	(202)	(272)
Accrued interest payable	(2,303)	(2,619)
Level 1 \| Estimated Fair Value
Financial Assets:
Cash and cash equivalents	473,561	681,286
Securities available-for-sale (carried at fair value)	2,246
Securities available-for-sale (carried at fair value)		900
Real estate mortgages held-for-sale	0	0
Loans, net	0	0
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Accrued interest receivable	0	0
Financial Liabilities:
Certificates of deposit	0	0
All other deposits	(5,006,360)	(4,905,889)
Federal Home Loan Bank advances	0	0
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Standby letters of credit	0	0
Accrued interest payable	(88)	(84)
Level 2 \| Estimated Fair Value
Financial Assets:
Cash and cash equivalents	1,463	1,954
Securities available-for-sale (carried at fair value)	1,517,972
Securities available-for-sale (carried at fair value)		1,395,615
Real estate mortgages held-for-sale	2,270	7,634
Loans, net	0	0
Mortgage banking derivative	257	398
Interest rate swap derivative	19,485	14,309
Accrued interest receivable	9,162	7,689
Financial Liabilities:
Certificates of deposit	(817,622)	(833,617)
All other deposits	0	0
Federal Home Loan Bank advances	(61,200)	(66,118)
Mortgage banking derivative	(3)	(2)
Interest rate swap derivative	(19,499)	(14,329)
Standby letters of credit	0	0
Accrued interest payable	(2,215)	(2,535)
Level 3 \| Estimated Fair Value
Financial Assets:
Cash and cash equivalents	0	0
Securities available-for-sale (carried at fair value)	2,317
Securities available-for-sale (carried at fair value)		2,043
Real estate mortgages held-for-sale	0	0
Loans, net	4,169,000	4,144,000
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Accrued interest receivable	10,286	9,985
Financial Liabilities:
Certificates of deposit	0	0
All other deposits	0	0
Federal Home Loan Bank advances	0	0
Mortgage banking derivative	0	0
Interest rate swap derivative	0	0
Standby letters of credit	(202)	(272)
Accrued interest payable	$ 0	$ 0

OFFSETTING ASSETS AND LIABILITIES - Schedule of Offsetting of Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Gross Amounts of Recognized Assets/Liabilities	$ 19,485	$ 14,309
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts presented in the Statement of Financial Position	19,485	14,309
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Position	(15,415)	(2,255)
Net Amount	4,070	12,054
Liabilities
Gross Amounts of Recognized Liabilities	19,499	14,329
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts presented in the Statement of Financial Position	19,499	14,329
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Position	(90)	(7,995)
Net Amounts presented in the Statement of Financial Position	19,409	6,334
Interest Rate Swap Derivatives
Assets
Gross Amounts of Recognized Assets/Liabilities	19,485	14,309
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts presented in the Statement of Financial Position	19,485	14,309
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Position	(15,415)	(2,255)
Net Amount	4,070	12,054
Liabilities
Gross Amounts of Recognized Liabilities	19,499	14,329
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts presented in the Statement of Financial Position	19,499	14,329
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Position	(90)	(7,995)
Net Amounts presented in the Statement of Financial Position	$ 19,409	$ 6,334

EARNINGS PER SHARE - Earnings Per Share Computations (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Number of antidilutive shares	0	0
Weighted average shares outstanding for basic earnings per common share	25,515,271	25,457,659
Dilutive effect of stock based awards	175,101	92,452
Weighted average shares outstanding for diluted earnings per common share	25,690,372	25,550,111
Basic earnings per common share (in dollars per share)	$ 0.93	$ 0.90
Diluted earnings per common share (in dollars per share)	$ 0.92	$ 0.90

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 65
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-Subparagraph (e)(4)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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ACCUMULATED OTHER COMPREHENSIVE INCOME - Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 704,906	$ 657,184
Net current period other comprehensive (loss) income	(109,780)	(12,634)
Ending balance	609,102	651,668
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
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Other comprehensive loss before reclassification	(109,807)	(12,084)
Amounts reclassified from accumulated other comprehensive income	27	(550)
Net current period other comprehensive (loss) income	(109,780)	(12,634)
Ending balance	(93,687)	15,110
Unrealized Gains and Losses on Available- for-Sales Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	17,056	29,182
Other comprehensive loss before reclassification	(109,807)	(12,084)
Amounts reclassified from accumulated other comprehensive income	0	(595)
Net current period other comprehensive (loss) income	(109,807)	(12,679)
Ending balance	(92,751)	16,503
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(963)	(1,438)
Other comprehensive loss before reclassification	0	0
Amounts reclassified from accumulated other comprehensive income	27	45
Net current period other comprehensive (loss) income	27	45
Ending balance	$ (936)	$ (1,393)

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Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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ACCUMULATED OTHER COMPREHENSIVE INCOME - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net securities gains	$ 0	$ 753
Other expense	3,239	2,244
Income tax expense	4,539	5,030
Net income	23,642	22,983
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	(27)	550
Reclassification out of Accumulated Other Comprehensive Income \| Unrealized Gains and Losses on Available- for-Sales Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net securities gains		753
Income tax expense		(158)
Net income		595
Reclassification out of Accumulated Other Comprehensive Income \| Defined Benefit Pension Items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other expense	(36)	(60)
Income tax expense	9	15
Net income	$ (27)	$ (45)

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

LEASES - Maturity Analysis (Details) $ in Thousands	Mar. 31, 2022 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 530
2023	717
2024	734
2025	752
2026	731
2027 and thereafter	2,938
Total undiscounted lease payments	6,402
Less imputed interest	$ (703)
Operating lease, liability, statement of financial position	Other liabilities
Lease liability	$ 5,699
Operating lease, right-of-use asset, statement of financial position	Other Assets
Right-of-use asset	$ 5,699

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Lease cost
Operating lease cost	$ 170	$ 135
Short-term lease cost	6	6
Total lease cost	$ 176	$ 141

LEASES - Other Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating cash outflows from operating leases	$ 170	$ 135
Weighted-average remaining lease term - operating leases	8 years 10 months 24 days	8 years 7 months 6 days
Weighted average discount rate - operating leases	2.50%	2.80%

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY - Aging Of The Amortized Cost In Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	$ 4,353,714	$ 4,287,841
Total Nonaccrual	13,900	14,973
Nonaccrual With No Allowance For Credit Loss	6,468	7,711
Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	4,350,026	4,286,997
30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	3,670	727
Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	18	117
Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	4,339,814	4,272,868
Commercial and industrial loans: \| Working capital lines of credit loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	678,654	652,927
Total Nonaccrual	4,316	5,966
Nonaccrual With No Allowance For Credit Loss	238	5,200
Commercial and industrial loans: \| Working capital lines of credit loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	678,654	652,903
Commercial and industrial loans: \| Working capital lines of credit loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	24
Commercial and industrial loans: \| Working capital lines of credit loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Commercial and industrial loans: \| Working capital lines of credit loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	674,338	646,961
Commercial and industrial loans: \| Non-working capital loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	784,435	735,659
Total Nonaccrual	5,572	4,596
Nonaccrual With No Allowance For Credit Loss	4,546	229
Commercial and industrial loans: \| Non-working capital loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	781,306	735,658
Commercial and industrial loans: \| Non-working capital loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	3,129	1
Commercial and industrial loans: \| Non-working capital loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Commercial and industrial loans: \| Non-working capital loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	778,863	731,063
Commercial Real Estate and Multifamily Residential \| Construction and land development loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	397,775	378,030
Total Nonaccrual	0	0
Nonaccrual With No Allowance For Credit Loss	0	0
Commercial Real Estate and Multifamily Residential \| Construction and land development loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	397,775	378,030
Commercial Real Estate and Multifamily Residential \| Construction and land development loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Commercial Real Estate and Multifamily Residential \| Construction and land development loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Commercial Real Estate and Multifamily Residential \| Construction and land development loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	397,775	378,030
Commercial Real Estate and Multifamily Residential \| Owner occupied loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	723,968	738,791
Total Nonaccrual	3,156	3,634
Nonaccrual With No Allowance For Credit Loss	1,516	2,129
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	723,968	738,791
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Commercial Real Estate and Multifamily Residential \| Owner occupied loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	720,812	735,157
Commercial Real Estate and Multifamily Residential \| Nonowner occupied loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	618,693	588,039
Total Nonaccrual	0	0
Nonaccrual With No Allowance For Credit Loss	0	0
Commercial Real Estate and Multifamily Residential \| Nonowner occupied loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	618,693	588,039
Commercial Real Estate and Multifamily Residential \| Nonowner occupied loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Commercial Real Estate and Multifamily Residential \| Nonowner occupied loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Commercial Real Estate and Multifamily Residential \| Nonowner occupied loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	618,693	588,039
Commercial Real Estate and Multifamily Residential \| Multifamily loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	213,654	246,787
Total Nonaccrual	0	0
Nonaccrual With No Allowance For Credit Loss	0	0
Commercial Real Estate and Multifamily Residential \| Multifamily loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	213,654	246,787
Commercial Real Estate and Multifamily Residential \| Multifamily loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Commercial Real Estate and Multifamily Residential \| Multifamily loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Commercial Real Estate and Multifamily Residential \| Multifamily loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	213,654	246,787
Agri-business and agricultural loans: \| Loans secured by farmland
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	164,225	206,302
Total Nonaccrual	335	335
Nonaccrual With No Allowance For Credit Loss	0	0
Agri-business and agricultural loans: \| Loans secured by farmland \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	164,225	206,302
Agri-business and agricultural loans: \| Loans secured by farmland \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Agri-business and agricultural loans: \| Loans secured by farmland \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Agri-business and agricultural loans: \| Loans secured by farmland \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	163,890	205,967
Agri-business and agricultural loans: \| Loans for agricultural production
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	259,495	239,573
Total Nonaccrual	0	0
Nonaccrual With No Allowance For Credit Loss	0	0
Agri-business and agricultural loans: \| Loans for agricultural production \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	259,495	239,573
Agri-business and agricultural loans: \| Loans for agricultural production \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Agri-business and agricultural loans: \| Loans for agricultural production \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Agri-business and agricultural loans: \| Loans for agricultural production \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	259,495	239,573
Agri-business and agricultural loans: \| Other commercial loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	78,118	73,178
Total Nonaccrual	0	0
Nonaccrual With No Allowance For Credit Loss	0	0
Agri-business and agricultural loans: \| Other commercial loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	78,118	73,178
Agri-business and agricultural loans: \| Other commercial loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Agri-business and agricultural loans: \| Other commercial loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Agri-business and agricultural loans: \| Other commercial loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	78,118	73,178
Consumer 1-4 Family Mortgage \| Closed end first mortgage loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	180,191	176,295
Total Nonaccrual	211	55
Nonaccrual With No Allowance For Credit Loss	140	55
Consumer 1-4 Family Mortgage \| Closed end first mortgage loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	179,872	175,678
Consumer 1-4 Family Mortgage \| Closed end first mortgage loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	301	500
Consumer 1-4 Family Mortgage \| Closed end first mortgage loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	18	117
Consumer 1-4 Family Mortgage \| Closed end first mortgage loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	179,980	176,240
Consumer 1-4 Family Mortgage \| Open end and junior lien loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	160,238	157,859
Total Nonaccrual	28	98
Nonaccrual With No Allowance For Credit Loss	28	98
Consumer 1-4 Family Mortgage \| Open end and junior lien loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	160,043	157,729
Consumer 1-4 Family Mortgage \| Open end and junior lien loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	195	130
Consumer 1-4 Family Mortgage \| Open end and junior lien loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Consumer 1-4 Family Mortgage \| Open end and junior lien loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	160,210	157,761
Consumer 1-4 Family Mortgage \| Residential construction loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	11,073	11,857
Total Nonaccrual	0	0
Nonaccrual With No Allowance For Credit Loss	0	0
Consumer 1-4 Family Mortgage \| Residential construction loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	11,073	11,857
Consumer 1-4 Family Mortgage \| Residential construction loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	0	0
Consumer 1-4 Family Mortgage \| Residential construction loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Consumer 1-4 Family Mortgage \| Residential construction loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	11,073	11,857
Consumer 1-4 Family Mortgage \| Other consumer loans
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	83,195	82,544
Total Nonaccrual	282	289
Nonaccrual With No Allowance For Credit Loss	0	0
Consumer 1-4 Family Mortgage \| Other consumer loans \| Loans Not Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	83,150	82,472
Consumer 1-4 Family Mortgage \| Other consumer loans \| 30-89 Days Past Due
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	45	72
Consumer 1-4 Family Mortgage \| Other consumer loans \| Greater than 89 Days Past Due and Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Greater than 89 Days Past Due and Accruing	0	0
Consumer 1-4 Family Mortgage \| Other consumer loans \| Total Accruing
Financing Receivable, Amortized Cost, Aging [Abstract]
Loans	$ 82,913	$ 82,255