Note 5 -- Loans and Allowance for Credit Losses

Loans are stated at the principal amount outstanding net of unearned discounts, unearned income, and allowance for credit losses. Unearned income includes deferred loan origination fees reduced by loan origination costs and is amortized to interest income over the life of the related loan using methods that approximated the effective interest rate method. Interest on substantially all loans is credited to income based on the principal amount outstanding. A summary of loans at December 31, 2025 and 2024 follows (in thousands):


	2025		2024
Construction and land development	$	361,678	$	236,258
Agricultural real estate		374,143		391,436
1-4 family residential properties		494,258		502,243
Multifamily residential properties		340,324		334,032
Commercial real estate		2,582,404		2,442,627
Loans secured by real estate		4,152,807		3,906,596
Agricultural loans		307,290		239,138
Commercial and industrial loans		1,385,421		1,340,865
Consumer loans		32,109		54,481
All other loans		161,604		169,232
Total gross loans		6,039,231		5,710,312
Less: loans held for sale		5,203		6,614
Total gross loans held for investment		6,034,028		5,703,698
Less:
Net deferred loan fees, premiums and discounts		27,857		37,850
Allowance for credit losses		74,875		70,182
Net loans	$	5,931,296	$	5,595,666

Net loans increased $335.6 million as of December 31, 2025 compared to December 31, 2024. Loans expected to be sold are classified as held for sale in the consolidated financial statements and are recorded at the lower of aggregate cost or fair value, taking into consideration future commitments to sell the loans. These loans are primarily for 1-4 family residential properties. Accrued interest on loans, which is excluded from the amortized cost of the balances above, totaled $35.1 million and $33.7 million at December 31, 2025 and 2024, respectively.

The structure of the Company’s loan approval process is based on progressively larger lending authorities granted to individual loan officers, loan committees, and ultimately the board of directors. Outstanding balances to one borrower or affiliated borrowers are limited by federal regulation; however, limits well below the regulatory thresholds are generally observed. The vast majority of the Company’s loans are to businesses located in the geographic market areas served by the Company’s branch network. Additionally, a significant portion of the collateral securing the loans in the portfolio is located within the Company’s primary geographic footprint. In general, the Company adheres to loan underwriting standards consistent with industry guidelines for all loan segments. The Company’s lending can be summarized into the following primary areas:

Commercial Real Estate Loans. Commercial real estate loans are generally comprised of loans to small business entities to purchase or expand structures in which the business operations are housed, loans to owners of real estate who lease space to non-related commercial entities, loans for construction and land development, loans to hotel and motel operators, and loans to owners of multifamily residential structures, such as apartment buildings. Commercial real estate loans are

underwritten based on historical and projected cash flows of the borrower and secondarily on the underlying real estate pledged as collateral on the debt. For the various types of commercial real estate loans, minimum criteria have been established within the Company’s loan policy regarding debt service coverage while maximum limits on loan-to-value and amortization periods have been defined. Maximum loan-to-value ratios range from 65% to 85% depending upon the type of real estate collateral, while the desired minimum debt coverage ratio is 1.20x to 1.35x. Amortization periods for commercial real estate loans are generally limited to twenty to thirty years, depending on the collateral type and loan-to-value. The Company’s commercial real estate portfolio is below the thresholds of 300 percent of the Company's total capital that would designate a concentration in commercial real estate lending, as established by the federal banking regulators.

The following table represents the gross commercial real estate loans by property type as of December 31, 2025 (in thousands):


	December 31, 2025
Commercial real estate
Owner occupied	$	747,512
Non owner occupied
Shopping centers and malls		264,961
Industrial and warehouse		237,522
Hotels and motels		218,073
Skilled nursing facility		187,875
Assisted living facility		170,733
Office		160,524
Retail		112,169
RV parks and campgrounds		104,267
Other property types		378,768
Total commercial real estate	$	2,582,404

Commercial and Industrial Loans. Commercial and industrial loans are primarily comprised of working capital loans used to purchase inventory and fund accounts receivable that are secured by business assets other than real estate. These loans are generally written for one year or less. Also, equipment financing is provided to businesses with these loans generally limited to 80% of the value of the collateral and amortization periods limited to seven years. Commercial loans are often accompanied by a personal guaranty of the principal owners of a business. Like commercial real estate loans, the underlying cash flow of the business is the primary consideration in the underwriting process. The financial condition of commercial borrowers is monitored at least annually with the type of financial information required determined by the size of the relationship. Measures employed by the Company for businesses with higher risk profiles include the use of government-assisted lending programs through the Small Business Administration and U.S. Department of Agriculture.

Agricultural and Agricultural Real Estate Loans. Agricultural loans are generally comprised of seasonal operating lines to grain farmers to plant and harvest corn and soybeans and term loans to fund the purchase of equipment. Agricultural real estate loans are primarily comprised of loans for the purchase of farmland. Specific underwriting standards have been established for agricultural-related loans including the establishment of projections for each operating year based on industry developed estimates of farm input costs and expected commodity yields and prices. Operating lines are typically written for one year and secured by the crop. Loan-to-value ratios on loans secured by farmland generally do not exceed 80% and have amortization periods ranging from twenty-five to thirty years depending on the loan-to-value. Federal government-assistance lending programs through the Farm Service Agency are used to mitigate the level of credit risk when deemed appropriate.

Residential Real Estate Loans. Residential real estate loans generally include loans for the purchase or refinance of residential real estate properties consisting of one-to-four units and home equity loans and lines of credit. The Company sells most of its long-term fixed rate residential real estate loans to secondary market investors. The Company also releases the servicing of these loans upon sale. Residential real estate loans are typically underwritten to conform to industry standards including criteria for maximum debt-to-income and loan-to-value ratios as well as minimum credit scores. Loans secured by first liens on residential real estate held in the portfolio typically do not exceed 80% of the value of the collateral and have amortization periods of twenty-five years or less. The Company does not originate subprime mortgage loans.

Consumer Loans. Consumer loans are primarily comprised of loans to individuals for personal and household purposes such as the purchase of an automobile or other living expenses. Minimum underwriting criteria have been established that consider credit score, debt-to-income ratio, employment history, and collateral coverage. Typically, consumer loans are set up on monthly payments with amortization periods based on the type and age of the collateral.

Construction and land development loans. Construction and land development loans are generally comprised of loans of all sizes, across many different industries, and can include properties for commercial businesses or land development or for residential use such as multi-family properties. Commercial and land development loans are underwritten based on historical and projected cash flows of the borrower and secondarily on the underlying real estate pledged as collateral on the debt. Construction and land development loans include unique risks that require enhanced diligence by lending personnel. For these loans, documentation requirements have been established within policy and a specific checklist is followed. Additionally, based on the type of construction loan, the policy is also followed to designate the construction and land development loans as high-volatility commercial real estate if the loan meets the criteria. To ensure consistent construction loan monitoring, loans greater than $2,000,000 must be monitored by the Bank’s construction monitoring staff.

The policy also establishes maximum loan-to-value/amortizations, terms, construction periods, cash investments, pre-sale/lease and other requirements and are specific to the type of property including non-farm, non-residential secured loans as well as multi-family, 1-4 family non-owner occupied, land acquisition/development/vacant lot acquisition, and raw land. Maximum loan-to-value ratios range from 65% to 80% depending upon the type of real estate collateral. Amortization periods for construction and land development loans are generally limited to twenty to thirty years, depending on the collateral type and loan-to-value. The Company’s construction and land development portfolio is below the thresholds of 100 percent of the Company's total capital that would designate a concentration in construction and land development lending, as established by the federal banking regulators.

Other Loans. Other loans consist primarily of loans to municipalities to support community projects such as infrastructure improvements or equipment purchases. Underwriting guidelines for these loans are consistent with those established for commercial loans with the additional repayment source of the taxing authority of the municipality.

Allowance for Credit Losses

The allowance for credit losses represents the Company’s best estimate of the reserve necessary to adequately account for probable losses expected over the remaining contractual life of the assets. The provision for credit losses is the charge against current earnings that is determined by the Company as the amount needed to maintain an adequate allowance for credit losses. In determining the adequacy of the allowance for credit losses, and therefore the provision to be charged to current earnings, the Company relies predominantly on a disciplined credit review and approval process that extends to the full range of the Company’s credit exposure. The review process is directed by the overall lending policy and is intended to identify, at the earliest possible stage, borrowers who might be facing financial difficulty. Factors considered by the Company in evaluating the overall adequacy of the allowance include historical net credit losses, the level and composition of nonaccrual, past due and modified loans, trends in volumes and terms of loans, effects of changes in risk selection and underwriting standards or lending practices, lending staff changes, concentrations of credit, industry conditions and the current economic conditions in the region where the Company operates. The Company estimates the appropriate level of allowance for credit losses by evaluating large substandard, and large impaired loans separately from other loans.

Individually Evaluated Loans

The Company individually evaluates certain loans for impairment. Loans are individually evaluated for expected credit losses when their principal balance exceeds $250,000 and they are in nonaccrual status, designated as having a modification or probable of being foreclosed. For loans that allowance for credit loss is individually measured each quarter one of three alternatives is used: (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the loan’s observable market price, if available; or (3) the fair value of the collateral less costs to sell for collateral dependent loans and loans for which foreclosure is deemed to be probable. A specific allowance is assigned when expected cash flows or collateral are less than the carrying amount of the loan. The carrying value of the loan reflects reductions from prior charge-offs.

Non-Individually Evaluated Loans

Non-individually evaluated loans comprise the vast majority of the Company’s total loan portfolio and include loans in accrual status and those credits not identified as modified loans. A small portion of these loans are considered “criticized” due to the risk rating assigned reflecting elevated credit risk due to characteristics, such as a strained cash flow position, associated with the individual borrowers. Criticized loans are those assigned risk ratings of Special Mention, Substandard, or Doubtful.

The Company first bifurcates the loan portfolio into segments that share risk characteristics and then utilizes a discounted cash flow (DCF) method to measure the ACL on loans collectively evaluated that are sub-segmented by credit risk levels. The DCF method incorporates assumptions for probability of default, loss given default, prepayments and curtailments over the contractual term of the loans. In determining the probability of default, the Company utilized regression analysis that includes the use of peer data to determine certain economic factors that are relevant loss drivers in the portfolio segments based on historical evaluations. National unemployment is a loss driver used in all portfolios.

Within each pool, factors are evaluated that have specific impacts to the borrowers within the pool. These, along with the general risks and events, and the specific lending policies and procedures by loan type described above, are analyzed to estimate the qualitative factors used to adjust the historical loss rates.

During the current period, the following assumptions and factors were considered when determining the historical loss rate and any potential adjustments by loan pool.

Construction and Land Development Loans. Historical losses in this segment remain very low. While inflationary pressures have caused some risk in this segment, most projects are associated with financially strong borrowers. The qualitative factors for this segment reduced slightly for the year due to concentration levels.

Agricultural Real Estate Loans. Historical losses in the segment remain very low. Farmland values have increased over an extended period of time. While values have declined slightly from their peak, values have held up well overall. This continues to drive low loan to values in this segment. The qualitative factors for this segment declined during the year due to this performance.

Residential Real Estate Non-Owner Occupied Loans. The loan segment has remained stable throughout the last several years. Both adversely classified and past dues have been consistent. There was no change to the qualitative factors for this segment.

Residential Real Estate Owner Occupied Loans. The loan segment has remained stable throughout the last several years. The severity of past due loans improved during the year, driving an overall reduction in the qualitative factors associated with this segment.

HELOC Loans. These loans are a small segment to overall loan balances. There was no change to the qualitative factors for this segment during the year.

Commercial Real Estate Owner Occupied Loans. This segment has remained stable, reflecting less uncertainty to recessionary risks that were high in prior years with the rapid movement in interest rates and inflationary pressures. Given the lower trend in interest rates and cash flow stability of the segment, the Company lowered its qualitative factors during the year.

Commercial Real Estate Non-Owner Occupied Loans. This segment includes the Company's largest balances. With fluctuations during the year for the qualitative factor driven by past dues within the segment, the qualitative factors ended the year in line with prior year end.

Agricultural Loans. Losses in this segment are very low. The qualitative factors for this segment fluctuated during the year due to overall past dues. The qualitative factors ended the year lower from improvement in the overall macroeconomic outlook for the agricultural industry including improved commodity prices and proposed government assistance. In addition, overall past due levels drove the qualitative factor lower.

Commercial and Industrial Loans. The qualitative factors for this segment were reduced during the year. Most of the repricing for higher rates in this loan segment has already occurred and prior years increases for higher risk were no longer necessary. In addition, tariff impacts had minimal overall impacts on the portfolio.

Consumer Loans. This segment is a small portion of the Company's loan portfolio. While historical net charge-offs have been immaterial in this segment, there was an increase in past dues that resulted in an increase to the qualitative factor to reflect the higher risk.

Acquired Loans. Loans acquired in a business combination after January 1, 2020, that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense. The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.

The following tables present the balance in the allowance for credit losses and the recorded investment in loans based on portfolio segment and impairment method as of December 31, 2025, 2024, and 2023 (in thousands):


	Construction and Land Development		Agricultural Real Estate			1-4 Family Residential Properties			Commercial Real Estate		Agricultural Loans		Commercial and Industrial		Consumer Loans		Total
Twelve months ended December 31, 2025
Beginning Balance	$	3,275	$	1,361		$	3,579		$	32,669	$	1,957	$	25,602	$	1,739	$	70,182
Initial allowance on loans purchased with credit deterioration		—		—			—			—		—		—		—		—
Provision for credit loss expense		1,961		(131	)		66			4,003		925		2,582		515		9,921
Loans charged off		107		—			156			1,197		2,503		2,485		1,425		7,873
Recoveries collected		—		53			264			114		1,022		586		606		2,645
Ending balance	$	5,129	$	1,283		$	3,753		$	35,589	$	1,401	$	26,285	$	1,435	$	74,875

Twelve months ended December 31, 2024
Beginning Balance	$	2,918	$	1,366		$	4,220		$	31,758	$	705	$	25,450	$	2,258	$	68,675
Initial allowance on loans purchased with credit deterioration		—		—			—			—		—		—		—		—
Provision for credit loss expense		352		(5	)		(785	)		1,178		3,587		510		798		5,635
Loans charged off		—		—			195			451		2,410		688		2,004		5,748
Recoveries collected		5		—			339			184		75		330		687		1,620
Ending balance	$	3,275	$	1,361		$	3,579		$	32,669	$	1,957	$	25,602	$	1,739	$	70,182

Twelve months ended December 31, 2023
Beginning Balance	$	2,250	$	1,433		$	3,742		$	28,157	$	585	$	20,808	$	2,118	$	59,093
Initial allowance on loans purchased with credit deterioration		308		—			124			1,066		—		2,273		20		3,791
Provision for credit loss expense		374		(67	)		225			1,755		490		2,322		1,005		6,104
Loans charged off		14		—			87			25		408		529		1,568		2,631
Recoveries collected		—		—			216			805		38		576		683		2,318
Ending balance	$	2,918	$	1,366		$	4,220		$	31,758	$	705	$	25,450	$	2,258	$	68,675

Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except 1-4 family residential properties and consumer, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including

bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral.

The Company charges-off 1-4 family residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to time frames established by applicable regulatory guidance which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 180 days past due, charge-off of unsecured open-end loans when the loan is 180 days past due, and charge down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off.

The following table presents the amortized cost basis of collateral-dependent loans by class of loans that were individually evaluated to determine expected credit losses, and the related allowance for credit losses, as of December 31, 2025 and 2024 (in thousands):


	Collateral								Allowance
	Real Estate		Business Assets		Other		Total		for Credit Losses
Twelve months ended December 31, 2025
Agricultural real estate	$	111		—		—	$	111		—
1-4 family residential properties		600		—		—		600		—
Multifamily residential properties		371		—		—		371		—
Commercial real estate		30,208		—		—		30,208		13
Loans secured by real estate		31,290		—		—		31,290		13
Commercial and industrial loans		—		7,123		29		7,152		392
All other loans		—		11,184		—		11,184		84
Total loans	$	31,290	$	18,307	$	29	$	49,626	$	489

Twelve months ended December 31, 2024
Agricultural real estate	$	1,107		—		—	$	1,107		—
1-4 family residential properties		360		—		—		360		—
Multifamily residential properties		895		—		—		895		—
Commercial real estate		4,430		—		—		4,430		196
Loans secured by real estate		6,792		—		—		6,792		196
Agricultural loans		600		9,526		—		10,126		788
Commercial and industrial loans		57		1,234		—		1,291		260
All other loans		—		—		—		—		—
Total loans	$	7,449	$	10,760	$	—	$	18,209	$	1,244

Credit Quality

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, collateral support, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a continuous basis. The Company uses the following definitions for risk ratings, which are commensurate with a loan considered "criticized":

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 sound-worthiness 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 institution will sustain some loss if the deficiencies are not corrected.

Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing factors, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered pass rated loans. The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2025 and 2024 (in thousands):


	Term Loans by Origination Year												Revolving
Risk rating	2025		2024		2023		2022		2021		Prior		Loans		Total
December 31, 2025
Construction and land development loans
Pass	$	114,696	$	99,757	$	119,602	$	5,167	$	6,048	$	14,659	$	—	$	359,929
Special mention		—		—		398		—		—		348		—		746
Substandard		—		—		—		5		—		7		—		12
Total	$	114,696	$	99,757	$	120,000	$	5,172	$	6,048	$	15,014	$	—	$	360,687
Current period gross writeoffs	$	—	$	—	$	107	$	—	$	—	$	—	$	—	$	107
Agricultural real estate loans
Pass	$	42,758	$	22,040	$	12,609	$	107,950	$	61,357	$	87,939	$	—	$	334,653
Special mention		228		339		806		22,343		1,331		7,810		—		32,857
Substandard		598		194		—		224		392		4,490		—		5,898
Total	$	43,584	$	22,573	$	13,415	$	130,517	$	63,080	$	100,239	$	—	$	373,408
Current period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
1-4 family residential property loans
Pass	$	54,180	$	31,041	$	28,668	$	62,974	$	64,512	$	144,475	$	92,629	$	478,479
Special mention		—		—		—		185		93		760		—		1,038
Substandard		127		529		584		624		670		6,946		857		10,337
Total	$	54,307	$	31,570	$	29,252	$	63,783	$	65,275	$	152,181	$	93,486	$	489,854
Current period gross writeoffs	$	—	$	12	$	9	$	—	$	—	$	135	$	—	$	156
Commercial real estate loans
Pass	$	459,831	$	217,098	$	157,923	$	597,491	$	498,456	$	916,195	$	—	$	2,846,994
Special mention		—		371		1,150		12,931		248		4,760		—		19,460
Substandard		—		5,000		15,295		6,246		2,394		8,763		—		37,698
Total	$	459,831	$	222,469	$	174,368	$	616,668	$	501,098	$	929,718	$	—	$	2,904,152
Current period gross writeoffs	$	—	$	699	$	—	$	391	$	—	$	107	$	—	$	1,197
Agricultural loans
Pass	$	230,666	$	45,361	$	7,684	$	10,151	$	6,363	$	2,560	$	—	$	302,785
Special mention		1,209		76		11		—		23		—		—		1,319
Substandard		451		367		2,484		845		24		—		—		4,171
Total	$	232,326	$	45,804	$	10,179	$	10,996	$	6,410	$	2,560	$	—	$	308,275
Current period gross writeoffs	$	—	$	280	$	1,081	$	836	$	306	$	—	$	—	$	2,503
Commercial and industrial loans
Pass	$	431,942	$	214,908	$	82,977	$	210,658	$	159,029	$	357,077	$	—	$	1,456,591
Special mention		19,409		8,898		2,542		7,965		61		26,193		—		65,068
Substandard		—		1,397		2,180		1,008		219		16,617		—		21,421
Total	$	451,351	$	225,203	$	87,699	$	219,631	$	159,309	$	399,887	$	—	$	1,543,080
Current period gross writeoffs	$	—	$	—	$	163	$	225	$	497	$	1,600	$	—	$	2,485
Consumer loans
Pass	$	5,619	$	2,555	$	2,812	$	12,861	$	5,511	$	2,119	$	—	$	31,477
Special mention		—		—		—		22		—		—		—		22
Substandard		—		30		9		171		132		77		—		419
Total	$	5,619	$	2,585	$	2,821	$	13,054	$	5,643	$	2,196	$	—	$	31,918
Current period gross writeoffs	$	5	$	23	$	27	$	99	$	43	$	1,228	$	—	$	1,425
Total loans
Pass	$	1,339,692	$	632,760	$	412,275	$	1,007,252	$	801,276	$	1,525,024	$	92,629	$	5,810,908
Special mention		20,846		9,684		4,907		43,446		1,756		39,871		—		120,510
Substandard		1,176		7,517		20,552		9,123		3,831		36,900		857		79,956
Total	$	1,361,714	$	649,961	$	437,734	$	1,059,821	$	806,863	$	1,601,795	$	93,486	$	6,011,374
Current period gross writeoffs	$	5	$	1,014	$	1,387	$	1,551	$	846	$	3,070	$	—	$	7,873


	Term Loans by Origination Year												Revolving
Risk rating	2024		2023		2022		2021		2020		Prior		Loans		Total
December 31, 2024
Construction and land development loans
Pass	$	82,696	$	101,715	$	14,390	$	15,817	$	4,735	$	16,342	$	—	$	235,695
Special mention		—		—		—		—		—		382		—		382
Substandard		—		—		6		—		—		10		—		16
Total	$	82,696	$	101,715	$	14,396	$	15,817	$	4,735	$	16,734	$	—	$	236,093
Current period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Agricultural real estate loans
Pass	$	25,824	$	17,292	$	159,433	$	55,083	$	48,700	$	73,592	$	—	$	379,924
Special mention		—		192		107		986		1,755		5,630		—		8,670
Substandard		—		141		966		—		—		1,059		—		2,166
Total	$	25,824	$	17,625	$	160,506	$	56,069	$	50,455	$	80,281	$	—	$	390,760
Current period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
1-4 family residential property loans
Pass	$	46,350	$	36,454	$	74,580	$	75,325	$	61,936	$	110,348	$	79,714	$	484,707
Special mention		175		—		204		326		—		577		59		1,341
Substandard		174		672		916		737		557		6,875		618		10,549
Total	$	46,699	$	37,126	$	75,700	$	76,388	$	62,493	$	117,800	$	80,391	$	496,597
Current period gross writeoffs	$	—	$	46	$	13	$	33	$	—	$	103	$	—	$	195
Commercial real estate loans
Pass	$	216,297	$	213,704	$	680,665	$	535,056	$	289,855	$	774,516	$	—	$	2,710,093
Special mention		659		13,732		4,090		2,053		713		10,462		—		31,709
Substandard		—		49		3,844		467		—		4,067		—		8,427
Total	$	216,956	$	227,485	$	688,599

FIRST MID BANCSHARES, INC. 10-K