| Loan Balances |
Loan balances were as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Commercial & Agriculture |
|
$ |
315,479 |
|
|
$ |
308,692 |
|
Commercial Real Estate- Owner Occupied |
|
|
389,434 |
|
|
|
385,547 |
|
Commercial Real Estate- Non-Owner Occupied |
|
|
1,229,731 |
|
|
|
1,239,017 |
|
Residential Real Estate |
|
|
957,960 |
|
|
|
944,328 |
|
Real Estate Construction |
|
|
265,488 |
|
|
|
285,137 |
|
Farm Real Estate |
|
|
32,440 |
|
|
|
37,775 |
|
Lease Financing Receivables |
|
|
32,665 |
|
|
|
35,103 |
|
Consumer and Other |
|
|
31,707 |
|
|
|
34,447 |
|
Total loans |
|
|
3,254,904 |
|
|
|
3,270,046 |
|
Allowance for credit losses |
|
|
(41,713 |
) |
|
|
(42,020 |
) |
Net loans |
|
$ |
3,213,191 |
|
|
$ |
3,228,026 |
|
|
| Schedule of Net Investment in Direct financing and Sales-type leases |
The net investment in direct financing and sales-type leases was comprised of the following as of June 30, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
December 31, 2025 |
|
Minimum lease payments receivable |
|
$ |
35,621 |
|
$ |
39,332 |
|
Unguaranteed residual assets |
|
|
2,224 |
|
|
1,558 |
|
Unamortized direct costs |
|
|
57 |
|
|
14 |
|
Unearned income |
|
|
(5,237 |
) |
|
(5,801 |
) |
Total net investment in direct financing and sales-type leases |
|
$ |
32,665 |
|
$ |
35,103 |
|
|
| Schedule of Components of Lease Income |
The components of total lease income were as follows for the three and six months ended June 30, 2026 and 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
June 30, |
|
|
June 30, |
|
June 30, |
|
|
|
2026 |
|
2025 |
|
|
2026 |
|
2025 |
|
Interest and dividend income - Loans and leases, including fees: |
|
|
|
|
|
|
|
|
|
|
Interest income on net investments in direct financing and sales-type leases |
|
$ |
606 |
|
$ |
2,221 |
|
|
$ |
1,232 |
|
$ |
3,628 |
|
Noninterest income - Lease revenue & residual income: |
|
|
|
|
|
|
|
|
|
|
Lease income from operating lease payments |
|
|
1,207 |
|
|
824 |
|
|
|
2,670 |
|
|
2,420 |
|
Other(1) |
|
|
197 |
|
|
(299 |
) |
|
|
364 |
|
|
1 |
|
(1) Other consists of lease-related fees and commissions and gains (losses) on sale or disposition of leased assets
|