Norwood Financial (NWFL) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 01, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Transition Report	false
Entity File Number	0-28364
Entity Registrant Name	Norwood Financial Corp
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2828306
Entity Address, Address Line One	717 Main Street
Entity Address, City or Town	Honesdale
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	18431
City Area Code	570
Local Phone Number	253-1455
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	NWFL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,201,128
Entity Central Index Key	0001013272
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 23,874	$ 15,038
Interest-bearing deposits with banks	100,566	377
Cash and cash equivalents	124,440	15,415
Securities available for sale, at fair value	197,436	210,205
Loans receivable	1,414,662	924,581
Less: Allowance for loan losses	11,674	8,509
Net loans receivable	1,402,988	916,072
Regulatory stock, at cost	3,876	4,844
Bank premises and equipment, net	18,124	14,228
Bank owned life insurance	39,400	38,763
Accrued interest receivable	6,104	3,719
Foreclosed real estate owned	965	1,556
Goodwill	30,213	11,331
Other intangibles	565	235
Other assets	17,996	14,242
TOTAL ASSETS	1,842,107	1,230,610
LIABILITIES
Deposits: Non-interest bearing demand	372,237	207,299
Deposits: Interest-bearing	1,143,685	750,230
Total deposits	1,515,922	957,529
Short-term borrowings	69,294	62,256
Other borrowings	46,438	56,438
Accrued interest payable	2,194	2,432
Other liabilities	17,712	14,527
TOTAL LIABILITIES	1,651,560	1,093,182
STOCKHOLDERS' EQUITY
Preferred stock, no par value per share, authorized: 5,000,000 shares; issued: none
Common stock, $0.10 par value per share, authorized: 20,000,000 shares, issued: 2020: 8,210,982 shares, 2019: 6,340,563 shares	821	634
Surplus	95,108	49,471
Retained earnings	90,422	86,536
Treasury stock at cost: 2020: 13,778 shares; 2019: 12,007 shares	(469)	(400)
Accumulated other comprehensive income	4,665	1,187
TOTAL STOCKHOLDERS’ EQUITY	190,547	137,428
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,842,107	$ 1,230,610

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Consolidated Balance Sheets [Abstract]
Preferred Stock, No Par Value
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par Value Per Share	$ 0.10	$ 0.10
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	8,210,982	6,340,563
Treasury Stock, Shares	13,778	12,007

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
INTEREST INCOME
Loans receivable, including fees	$ 16,260	$ 10,776	$ 37,711	$ 31,074
Securities	1,031	1,278	3,272	4,155
Other	18	5	43	70
Total interest income	17,309	12,059	41,026	35,299
INTEREST EXPENSE
Deposits	1,676	1,787	5,096	5,355
Short-term borrowings	61	135	244	344
Other borrowings	242	246	824	827
Total interest expense	1,979	2,168	6,164	6,526
NET INTEREST INCOME	15,330	9,891	34,862	28,773
PROVISION FOR LOAN LOSSES	1,850	300	3,850	1,050
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	13,480	9,591	31,012	27,723
OTHER INCOME
Other Income	1,606	1,461	4,057	4,042
Net realized gains on sales of securities	33	169	71	233
Gain on sale of loans, net	164	15	285	125
Earnings and proceeds on bank owned life insurance	217	222	638	630
Other	152	109	391	358
Total other income	2,072	1,882	5,119	5,083
OTHER EXPENSES
Salaries and employee benefits	4,812	3,667	11,878	10,915
Occupancy, furniture & equipment, net	1,109	916	2,983	2,780
Data processing and related operations	746	480	1,649	1,400
Taxes, other than income	214	179	641	520
Professional fees	292	276	735	752
Federal Deposit Insurance Corporation insurance	144	(5)	186	150
Foreclosed real estate	31	24	44	37
Amortization of intangibles	35	23	79	79
Merger related	386		1,983
Other	1,611	1,231	4,353	3,591
Total Other Expenses	9,380	6,791	24,531	20,224
INCOME BEFORE INCOME TAXES	6,172	4,682	11,600	12,582
INCOME TAX EXPENSE	1,173	775	2,033	1,963
NET INCOME	$ 4,999	$ 3,907	$ 9,567	$ 10,619
BASIC EARNINGS PER SHARE	$ 0.62	$ 0.62	$ 1.39	$ 1.70
DILUTED EARNINGS PER SHARE	$ 0.62	$ 0.62	$ 1.39	$ 1.68
Service Charges And Fees [Member]
OTHER INCOME
Other Income	$ 1,301	$ 1,200	$ 3,201	$ 3,283
Income From Fiduciary Activities [Member]
OTHER INCOME
Other Income	$ 205	$ 167	$ 533	$ 454

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Consolidated Statements of Comprehensive Income [Abstract]
Net Income	$ 4,999	$ 3,907	$ 9,567	$ 10,619
Investment securities available for sale:
Unrealized holding gain (loss)	(115)	1,059	4,474	8,034
Tax effect	24	(224)	(940)	(1,688)
Reclassification of investment securities gains recognized in net income	(33)	(169)	(71)	(233)
Tax effect	7	37	15	50
Other comprehensive (loss) income	(117)	703	3,478	6,163
Comprehensive Income	$ 4,882	$ 4,610	$ 13,045	$ 16,782

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Common Stock [Member]	Surplus [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning balance at Dec. 31, 2018	$ 630	$ 48,322	$ 78,434	$ (81)	$ (5,020)	$ 122,285
Beginning balance, shares at Dec. 31, 2018	6,295,113			2,470
Net Income			10,619			10,619
Other comprehensive income (loss)					6,163	6,163
Cash dividends declared			(4,531)			(4,531)
Compensation expense related to restricted stock		217				217
Acquisition of treasury stock				$ (374)		(374)
Acquisition of treasury stock, shares				11,337
Stock options exercised	$ 2	357				359
Stock options exercised, shares	19,575
Compensation expense related to stock options		156				156
Ending balance, shares at Sep. 30, 2019	6,314,688			13,807
Ending balance at Sep. 30, 2019	$ 632	49,052	84,522	$ (455)	1,143	134,894
Beginning balance at Jun. 30, 2019	$ 630	48,741	82,127	$ (455)	440	131,483
Beginning balance, shares at Jun. 30, 2019	6,304,413			13,807
Net Income			3,907			3,907
Other comprehensive income (loss)					703	703
Cash dividends declared			(1,512)			(1,512)
Compensation expense related to restricted stock		72				72
Stock options exercised	$ 2	187				189
Stock options exercised, shares	10,275
Compensation expense related to stock options		52				52
Ending balance, shares at Sep. 30, 2019	6,314,688			13,807
Ending balance at Sep. 30, 2019	$ 632	49,052	84,522	$ (455)	1,143	134,894
Beginning balance at Dec. 31, 2019	$ 634	49,471	86,536	$ (400)	1,187	137,428
Beginning balance, shares at Dec. 31, 2019	6,340,563			12,007
Net Income			9,567			9,567
Other comprehensive income (loss)					3,478	3,478
Cash dividends declared			(5,681)			(5,681)
Acquisition of UpState New York Bancorp, Inc.	$ 186	45,151				45,337
Acquisition of UpState New York Bancorp, Inc., shares	1,865,738
Compensation expense related to restricted stock		250				250
Acquisition of treasury stock				$ (69)		(69)
Acquisition of treasury stock, shares				1,771
Stock options exercised	$ 1	83				$ 84
Stock options exercised, shares	4,681					4,681
Compensation expense related to stock options		153				$ 153
Ending balance, shares at Sep. 30, 2020	8,210,982			13,778
Ending balance at Sep. 30, 2020	$ 821	95,108	90,422	$ (469)	4,665	190,547
Beginning balance at Jun. 30, 2020	$ 634	49,778	87,939	$ (469)	4,782	142,664
Beginning balance, shares at Jun. 30, 2020	6,342,568			13,778
Net Income			4,999			4,999
Other comprehensive income (loss)					(117)	(117)
Cash dividends declared			(2,516)			(2,516)
Acquisition of UpState New York Bancorp, Inc.	$ 186	45,151				45,337
Acquisition of UpState New York Bancorp, Inc., shares	1,865,738
Compensation expense related to restricted stock		83				83
Stock options exercised	$ 1	45				46
Stock options exercised, shares	2,676
Compensation expense related to stock options		51				51
Ending balance, shares at Sep. 30, 2020	8,210,982			13,778
Ending balance at Sep. 30, 2020	$ 821	$ 95,108	$ 90,422	$ (469)	$ 4,665	$ 190,547

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Consolidated Statements of Changes in Stockholders’ Equity [Abstract]
Cash dividends declared	$ 0.25	$ 0.24	$ 0.75	$ 0.72

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 9,567	$ 10,619
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	3,850	1,050
Depreciation	953	739
Amortization of intangible assets	79	79
Deferred income taxes	(418)	(176)
Net amortization of securities premiums and discounts	933	1,104
Net realized gains on sales of securities	(71)	(232)
Earnings and proceeds on life insurance policies	(638)	(630)
Gain on sales and write-downs of fixed assets and foreclosed real estate owned, net	(22)	(67)
Net gain on sale of loans	(285)	(125)
Loans originated for sale	(7,163)	(2,767)
Proceeds from sale of loans originated for sale	7,402	2,846
Compensation expense related to stock options	153	156
Compensation expense related to restricted stock	250	217
(Increase) decrease in accrued interest receivable	(959)	50
(Decrease) increase in accrued interest payable	(413)	817
Other, net	(4,198)	1,017
Net cash provided by operating activities	9,020	14,697
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales	24,497	22,862
Proceeds from maturities and principal reductions on mortgage-backed securities	42,806	21,211
Purchases	(37,132)	(5,066)
Purchase of regulatory stock	(3,350)	(2,963)
Redemption of regulatory stock	6,781	3,752
Net increase in loans	(84,990)	(57,891)
Purchase of premises and equipment	(539)	(1,056)
Proceeds from sales of foreclosed real estate owned	611	312
Proceeds from sales of bank premises and equipment	10	246
Acquisition, net of cash and cash equivalents acquired	15,193
Net cash used in investing activities	(36,113)	(18,593)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	144,280	27,653
Net increase (decrease) in short-term borrowings	7,038	(268)
Repayments of other borrowings	(20,001)	(22,378)
Proceeds from other borrowings	10,000	6,000
Stock options exercised	84	359
Purchase of treasury stock	(69)	(374)
Cash dividends paid	(5,214)	(4,529)
Net cash provided by financing activities	136,118	6,463
Increase in cash and cash equivalents	109,025	2,567
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	15,415	18,348
CASH AND CASH EQUIVALENTS, END OF PERIOD	124,440	20,915
Supplemental Disclosures of Cash Flow Information
Interest on deposits and borrowings	6,402	5,709
Income taxes paid, net of refunds	1,018	1,447
Supplemental Schedule of Noncash Investing Activities
Transfers of loans to foreclosed real estate owned and repossession of other assets	393	1,478
Dividends payable	2,049	$ 1,512
Merger with Delaware Bancshares, Inc.
Noncash assets acquired: Securities available-for-sale	13,948
Noncash assets acquired: Regulatory stock	2,487
Noncash assets acquired: Loans	413,535
Noncash assets acquired: Premises and equipment, net	5,529
Noncash assets acquired: Accrued interest receivable	1,426
Noncash assets acquired: Deferred tax assets	1,495
Noncash assets acquired: Other assets	376
Total Noncash assets acquired	438,796
Liabilities assumed:
Time deposits	204,440
Deposits other than time deposits	206,919
Accrued interest payable	175
Other liabilities	6,496
Total Liabilities assumed	418,030
Net Noncash Assets Acquired	20,766
Cash Acquired	$ 24,037

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation The unaudited consolidated financial statements include the accounts of Norwood Financial Corp (the “Company”) and its wholly-owned subsidiary, Wayne Bank (the “Bank”) and the Bank’s wholly-owned subsidiaries, WCB Realty Corp., Norwood Investment Corp., and WTRO Properties, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in conformity with generally accepted accounting principles for interim financial statements and with instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. The financial statements reflect, in the opinion of management, all normal, recurring adjustments necessary to present fairly the consolidated financial position and results of operations of the Company. The operating results for the three-month and nine-month periods ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 or any other future interim period.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2020
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition Under ASC Topic 606, management determined that the primary sources of revenue emanating from interest and dividend income on loans and investments along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans sold and earnings on bank-owned life insurance are not within the scope of this Topic. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended September 30: Three months ended September 30, (dollars in thousands) Noninterest Income 2020 2019 In-scope of Topic 606: Service charges on deposit accounts $ 93 $ 72 ATM fees 155 106 Overdraft fees 224 323 Safe deposit box rental 26 22 Loan related service fees 282 228 Debit card fees 443 370 Fiduciary activities 205 167 Commissions on mutual funds and annuities 26 30 Other income 152 143 Noninterest Income ( in-scope of Topic 606 ) 1,606 1,461 Out-of-scope of Topic 606: Net realized gains on sales of securities 33 169 Loan servicing fees 52 15 Gains on sales of loans 164 15 Earnings on and proceeds from bank-owned life insurance 217 222 Noninterest Income ( out-of-scope of Topic 606 ) 466 421 Total Noninterest Income $ 2,072 $ 1,882 Nine months ended September 30, (dollars in thousands) Noninterest Income 2020 2019 In-scope of Topic 606: Service charges on deposit accounts $ 278 $ 205 ATM fees 354 287 Overdraft fees 715 1,017 Safe deposit box rental 79 71 Loan related service fees 464 451 Debit card fees 1,154 1,067 Fiduciary activities 533 454 Commissions on mutual funds and annuities 89 111 Other income 391 379 Noninterest Income ( in-scope of Topic 606 ) 4,057 4,042 Out-of-scope of Topic 606: Net realized gains on sales of securities 71 233 Loan servicing fees 68 53 Gains on sales of loans 285 125 Earnings on and proceeds from bank-owned life insurance 638 630 Noninterest Income ( out-of-scope of Topic 606 ) 1,062 1,041 Total Noninterest Income $ 5,119 $ 5,083

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and restricted stock, and are determined using the treasury stock method. The following table sets forth the weighted average shares outstanding used in the computations of basic and diluted earnings per share. (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Weighted average shares outstanding 8,073 6,296 6,915 6,293 Less: Unvested restricted shares ( 36 ) ( 35 ) ( 36 ) ( 35 ) Basic EPS weighted average shares outstanding 8,037 6,261 6,879 6,258 Basic EPS weighted average shares outstanding 8,037 6,261 6,879 6,258 Add: Dilutive effect of stock options and restricted shares 22 48 22 50 Diluted EPS weighted average shares outstanding 8,059 6,309 6,901 6,308 For the three and nine month periods ended September 30, 2020, there were 112,600 stock options that were anti-dilutive and thereby excluded from the earnings per share calculations based upon the closing price of the Company’s common stock of $ 24.32 per share as of September 30, 2020. For the three and nine month periods ending September 30, 2019, there were 60,650 stock options that were anti-dilutive and thereby excluded from the earnings per share calculations based upon the closing price of the Company’s common stock of $ 31.61 per share on September 30, 2019.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	4. Stock-Based Compensation No awards were granted during the nine-month period ended September 30, 2020. As of September 30, 2020, there was $ 51,000 of total unrecognized compensation cost related to non-vested options granted in 2019 under the 2014 Equity Incentive Plan, which will be fully amortized by December 31, 2020. Compensation costs related to stock options amounted to $ 153,000 and $ 156,000 during the nine-month periods ended September 30, 2020 and 2019, respectively. A summary of the Company’s stock option activity for the nine-month period ended September 30, 2020 is as follows: Weighted Average Exercise Weighted Average Aggregate Price Remaining Intrinsic Value Options Per Share Contractual Term ($000) Outstanding at January 1, 2020 199,825 $ 24.78 5.9 Yrs. $ 2,823 Granted — — — — Exercised ( 4,681 ) 17.87 2.6 Yrs. — Forfeited — — — Outstanding at September 30, 2020 195,144 $ 24.94 5.2 Yrs. $ 654 Exercisable at September 30, 2020 168,394 $ 23.18 4.6 Yrs. $ 654 Intrinsic value represents the amount by which the market price of the stock on the measurement date exceeded the exercise price of the option. The market price was $ 24.32 per share as of September 30, 2020 and $ 38.90 per share as of December 31, 2019. A summary of the Company’s restricted stock activity for the nine-month periods ended September 30, 2020 and 2019 is as follows: 2020 2019 Weighted-Average Weighted-Average Number of Grant Date Number of Grant Date Restricted Stock Fair Value Restricted Stock Fair Value Non-vested, January 1, 36,195 $ 31.65 34,615 $ 27.82 Granted — — — — Vested — — — — Forfeited — — — — Non-vested, September 30, 36,195 $ 31.65 34,615 $ 27.82 The expected future compensation expense relating to the 36,195 shares of non-vested restricted stock outstanding as of September 30, 2020 is $ 895,000 . This cost will be recognized over the remaining vesting period of 4.25 years. Compensation costs related to restricted stock amounted to $ 250,000 and $ 217,000 during the nine-month periods ended September 30, 2020 and 2019, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	5. Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss) (in thousands) by component net of tax for the three and nine months ended September 30, 2020 and 2019: Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2020 $ 4,782 Other comprehensive loss before reclassification ( 91 ) Amount reclassified from accumulated other comprehensive loss ( 26 ) Total other comprehensive loss ( 117 ) Balance as of September 30, 2020 $ 4,665 Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2019 $ 440 Other comprehensive income before reclassification 835 Amount reclassified from accumulated other comprehensive income ( 132 ) Total other comprehensive income 703 Balance as of September 30, 2019 $ 1,143 Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2019 $ 1,187 Other comprehensive income before reclassification 3,534 Amount reclassified from accumulated other comprehensive income ( 56 ) Total other comprehensive income 3,478 Balance as of September 30, 2020 $ 4,665 Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2018 $ ( 5,020 ) Other comprehensive income before reclassification 6,346 Amount reclassified from accumulated other comprehensive income ( 183 ) Total other comprehensive income 6,163 Balance as of September 30, 2019 $ 1,143 (a) All amounts are net of tax. Amounts in parentheses indicate debits. The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income (loss) (in thousands) for the three and nine months ended September 30, 2020 and 2019: Amount Reclassified From Accumulated Affected Line Item in Other Consolidated Comprehensive Statements Details about other comprehensive income Income (Loss) (a) of Income Three months ended September 30, 2020 2019 Unrealized gains on available for sale securities $ 33 $ 169 Net realized gains on sales of securities ( 7 ) ( 37 ) Income tax expense $ 26 $ 132 Nine months ended September 30, 2020 2019 Unrealized gains on available for sale securities $ 71 $ 233 Net realized gains on sales of securities ( 15 ) ( 50 ) Income tax expense $ 56 $ 183 (a) Amounts in parentheses indicate debits to net income

Off-Balance Sheet Financial Ins

Off-Balance Sheet Financial Instruments and Guarantees	9 Months Ended
	Sep. 30, 2020
Off-Balance Sheet Financial Instruments and Guarantees [Abstract]
Off-Balance Sheet Financial Instruments and Guarantees	6. Off-Balance Sheet Financial Instruments and Guarantees The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. A summary of the Bank’s financial instrument commitments is as follows: (in thousands) September 30, 2020 2019 Commitments to grant loans $ 76,029 $ 49,806 Unfunded commitments under lines of credit 122,050 65,854 Standby letters of credit 5,654 3,687 $ 203,733 $ 119,347 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Bank evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the customer and generally consists of real estate. The Bank does not issue any guarantees that would require liability recognition or disclosure, other than its standby letters of credit. Standby letters of credit written are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Generally, all letters of credit, when issued, have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Bank, generally, holds collateral and/or personal guarantees supporting these commitments. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. The current amount of the liability as of September 30, 2020 for guarantees under standby letters of credit issued is not material.

Securities

Securities	9 Months Ended
	Sep. 30, 2020
Securities [Abstract]
Securities	7 . Securities The amortized cost, gross unrealized gains and losses, and fair value of securities available for sale were as follows: September 30, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands) Available for Sale: States and political subdivisions $ 51,134 $ 1,931 $ — $ 53,065 Corporate obligations 3,038 25 — 3,063 Mortgage-backed securities- government sponsored entities 138,414 2,941 ( 47 ) 141,308 Total debt securities $ 192,586 $ 4,897 $ ( 47 ) $ 197,436 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands) Available for Sale: States and political subdivisions $ 70,015 $ 1,293 $ ( 3 ) $ 71,305 Corporate obligations 4,097 3 - 4,100 Mortgage-backed securities-government sponsored entities 135,646 238 ( 1,084 ) 134,800 Total debt securities $ 209,758 $ 1,534 $ ( 1,087 ) $ 210,205 The following tables show the Company’s investments’ gross unrealized losses and fair value aggregated by length of time that individual securities have been in a continuous unrealized loss position (in thousands): September 30, 2020 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities-government sponsored entities $ 20,888 $ ( 47 ) $ — $ — $ 20,888 $ ( 47 ) $ 20,888 $ ( 47 ) $ — $ — $ 20,888 $ ( 47 ) December 31, 2019 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses States and political subdivisions $ 1,296 $ ( 2 ) $ 481 $ ( 1 ) $ 1,777 $ ( 3 ) Mortgage-backed securities-government sponsored entities 32,415 ( 241 ) 61,096 ( 843 ) 93,511 ( 1,084 ) $ 33,711 $ ( 243 ) $ 61,577 $ ( 844 ) $ 95,288 $ ( 1,087 ) At September 30, 2020, the Company had eight debt securities in an unrealized loss position in the less than twelve months category and no debt securities in the twelve months or more category. In Management’s opinion the unrealized losses reflect changes in interest rates subsequent to the acquisition of specific securities. No other-than-temporary-impairment charges were recorded in 2020. Management believes that all unrealized losses represent temporary impairment of the securities as the Company does not have the intent to sell the securities and it is more likely than not that it will not have to sell the securities before recovery of its cost basis. The amortized cost and fair value of debt securities as of September 30, 2020 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. Available for Sale Amortized Cost Fair Value (In Thousands) Due in one year or less $ 4,348 $ 4,386 Due after one year through five years 7,385 7,447 Due after five years through ten years 17,958 18,415 Due after ten years 24,481 25,880 54,172 56,128 Mortgage-backed securities-government sponsored entities 138,414 141,308 $ 192,586 $ 197,436 Gross realized gains and gross realized losses on sales of securities available for sale were as follows (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2020 2019 2020 2019 Gross realized gains $ 33 $ 169 $ 71 $ 233 Gross realized losses — — — — Net realized gain $ 33 $ 169 $ 71 $ 233 Proceeds from sales of securities $ 2,425 $ 19,326 $ 24,497 $ 22,862 Securities with a carrying value of $ 189,346,000 and $ 157,233,000 at September 30, 2020 and December 31, 2019, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase and for other purposes as required or permitted by law.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2020
Loans Receivable and Allowance for Loan Losses [Abstract]
Loans Receivable and Allowance for Loan Losses	8. Loans Receivable and Allowance for Loan Losses Set forth below is selected data relating to the composition of the loan portfolio at the dates indicated (dollars in thousands): September 30, 2020 December 31, 2019 Real Estate Loans: Residential $ 263,404 18.6 % $ 229,781 24.9 % Commercial 574,123 40.5 391,327 42.3 Agricultural 68,340 4.8 — — Construction 20,797 1.5 17,732 1.9 Commercial loans 285,295 20.1 134,150 14.5 Other agricultural loans 42,297 3.0 — — Consumer loans to individuals 162,217 11.5 151,686 16.4 Total loans 1,416,473 100.0 % 924,676 100.0 % Deferred fees, net ( 1,811 ) ( 95 ) Total loans receivable 1,414,662 924,581 Allowance for loan losses ( 11,674 ) ( 8,509 ) Net loans receivable $ 1,402,988 $ 916,072 During 2020 the Company participated in the Paycheck Protection Program (“PPP”), administered directly by the United States Small Business Administration (“SBA”). The PPP provides loans to small businesses who were affected by economic conditions as a result of COVID-19 to provide cash-flow assistance to employers who maintain their payroll (including healthcare and certain related expenses), mortgage interest, rent, leases, utilities and interest on existing debt during the COVID-19 emergency. As of September 30, 2020, the Company had outstanding principal balances of $ 95,035,000 in PPP loans. The PPP loans are fully guaranteed by the SBA and may be eligible for forgiveness by the SBA to the extent that the proceeds are used to cover eligible payroll costs, interest costs, rent, and utility costs over a period of up to 24 weeks after the loan is made as long as certain conditions are met regarding employee retention and compensation levels. PPP loans deemed eligible for forgiveness by the SBA will be repaid by the SBA to the Company. PPP loans are included in the Commercial loan category. In accordance with the SBA terms and conditions on these PPP loans, the Company received approximately $ 2.5 million in fees associated with the processing of these loans. Upon funding of the loan, these fees were deferred and will be amortized over the life of the loan as an adjustment to yield in accordance with FASB ASC 310-20-25-2. The following table presents information regarding loans acquired and accounted for in accordance with ASC 310-30 (in thousands): September 30, 2020 December 31, 2019 Outstanding Balance $ 15,344 $ 793 Carrying Amount $ 8,586 $ 696 As a result of the acquisition of UpState New York Bancorp, Inc. (“UpState”), the Company added $ 15,410,000 of loans that were accounted for in accordance with ASC 310-30. Based on a review of the loans acquired by the Company’s senior lending management, which included an analysis of credit deterioration of the loans since origination, the Company recorded a specific credit fair value adjustment of $ 6,937,000 . For loans that were acquired with specific evidence of deterioration in credit quality, loan losses will be accounted for through a reduction of the specific reserve and will not impact the allowance for loan losses until actual losses exceed the allotted reserves. For loans acquired without a deterioration of credit quality, losses incurred will result in adjustments to the allowance for loan losses through the allowance for loan loss adequacy calculation. Changes in the accretable yield for purchased credit impaired loans for the nine-months ended September 30, 2019 and 2020, were as follows: 2020 2019 Balance at beginning of period $ 97 $ 168 Additions 1,724 — Accretion ( 179 ) ( 29 ) Reclassification and other ( 96 ) — Balance at end of period $ 1,546 $ 139 Loans acquired with credit deterioration of $ 15,410,000 and accounted for in accordance with ASC 310-30 were individually evaluated to estimate credit losses and a net recovery amount for each loan. The net cash flows for each loan were then discounted to present value using a risk-adjusted market rate. The table below presents the components of the purchase accounting adjustments: (In Thousands) July 7, 2020 Contractually required principal and interest $ 15,410 Non-accretable discount ( 5,213 ) Expected cash flows 10,197 Accretable discount ( 1,724 ) Estimated fair value $ 8,473 The Company maintains a loan review system, which allows for a periodic review of our loan portfolio and the early identification of potential impaired loans. Such system takes into consideration, among other things, delinquency status, size of loans, type and market value of collateral and financial condition of the borrowers. Specific loan loss allowances are established for identified losses based on a review of such information. A loan evaluated for impairment is considered to be impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. All loans identified as impaired are evaluated independently. We do not aggregate such loans for evaluation purposes. Impairment is measured on a loan-by-loan basis for commercial and construction loans by the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral-dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential mortgage loans for impairment disclosures, unless such loans are part of a larger relationship that is impaired, or are classified as a troubled debt restructuring. Foreclosed assets acquired in settlement of loans are carried at fair value less estimated costs to sell and are included in foreclosed real estate owned on the Consolidated Balance Sheets. As of September 30, 2020 and December 31, 2019, foreclosed real estate owned totaled $ 965,000 and $ 1,556,000 , respectively. During the nine months ended September 30, 2020, there were no additions to the foreclosed real estate category. The Co mpany disposed of one property that was previously transferred to foreclosed real estate owned with a carrying value of $ 591,000 through the sale of the property. As of September 30, 2020, the Company has initiated formal foreclosure proceedings on three properties classified as consumer residential mortgages with an aggregate carrying value of $ 440,000 . The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated: Real Estate Loans Commercial Other Consumer Residential Commercial Agricultural Construction Loans Agricultural Loans Total September 30, 2020 (In thousands) Individually evaluated for impairment $ — $ 1,654 $ — $ — $ — $ — $ — $ 1,654 Loans acquired with deteriorated credit quality 122 3,771 2,078 190 245 2,180 — 8,586 Collectively evaluated for impairment 263,282 568,698 66,262 20,607 285,050 40,117 162,217 1,406,233 Total Loans $ 263,404 $ 574,123 $ 68,340 $ 20,797 $ 285,295 $ 42,297 $ 162,217 $ 1,416,473 Real Estate Loans Commercial Consumer Residential Commercial Construction Loans Loans Total December 31, 2019 (In thousands) Individually evaluated for impairment $ - $ 2,144 $ - $ - $ - $ 2,144 Loans acquired with deteriorated credit quality 476 220 - - - 696 Collectively evaluated for impairment 229,305 388,963 17,732 134,150 151,686 921,836 Total Loans $ 229,781 $ 391,327 $ 17,732 $ 134,150 $ 151,686 $ 924,676 The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Unpaid Recorded Principal Associated Investment Balance Allowance September 30, 2020 (in thousands) With no related allowance recorded: Real Estate Loans: Commercial $ 1,654 $ 2,287 — Total Impaired Loans $ 1,654 $ 2,287 — Unpaid Recorded Principal Associated Investment Balance Allowance December 31, 2019 (in thousands) With no related allowance recorded: Real Estate Loans: Commercial $ 143 $ 394 $ — Subtotal 143 394 — With an allowance recorded: Real Estate Loans Commercial 2,001 2,001 417 Subtotal 2,001 2,001 417 Total: Real Estate Loans: Commercial 2,144 2,395 417 Total Impaired Loans $ 2,144 $ 2,395 $ 417 The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month periods ended September 30, 2020 and 2019, respectively (in thousands): Average Recorded Interest Income Investment Recognized 2020 2019 2020 2019 Real Estate Loans: Commercial 1,874 633 2 — Total $ 1,874 $ 633 $ 2 $ — The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the nine-month periods ended September 30, 2020 and 2019, respectively (in thousands): Average Recorded Interest Income Investment Recognized 2020 2019 2020 2019 Real Estate Loans: Commercial 1,986 759 8 24 Total $ 1,986 $ 759 $ 8 $ 24 Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of financial difficulties experienced by the borrower, who could not obtain comparable terms from alternate financing sources. As of September 30, 2020 and December 31, 2019, troubled debt restructured loans totaled $ 91,000 and $ 99,000 , respectively , with no specific reserve. For the nine-month period ended September 30, 2020 and 2019, there were no new loans identified as troubled debt restructurings. During 2019, the Company recognized a charge-off $ 451,000 on a loan that was previously identified as a troubled debt restructuring. The loan was transferred to foreclosed real estate during the first quarter of 2019 with a carrying value of $ 608,000 . On April 7, 2020, federal banking regulators issued a revised interagency statement that included guidance on their approach for the accounting of loan modifications in light of the economic impact of the COVID-19 pandemic. The guidance interprets current accounting standards and indicates that a lender can conclude that a borrower is not experiencing financial difficulty if short-term modifications are made in response to COVID-19, such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant related to the loans in which the borrower is less than 30 days past due on its contractual payments at the time a modification program is implemented. The agencies confirmed in working with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. Management uses an eight point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first four categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are considered Substandard. Any portion of a loan that has been charged off is placed in the Loss category. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as nonperformance, repossession, or death occurs to raise awareness of a possible credit event. The Company’s Loan Review Department is responsible for the timely and accurate risk rating of the loans on an ongoing basis. Every credit which must be approved by Loan Committee or the Board of Directors is assigned a risk rating at time of consideration. Loan Review also annually reviews relationships of $ 1,500,000 and over to assign or re-affirm risk ratings. Loans in the Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance. The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard, Doubtful and Loss within the internal risk rating system as of September 30, 2020 and December 31, 2019 (in thousands): Special Doubtful Pass Mention Substandard or Loss Total September 30, 2020 Commercial real estate loans $ 558,137 $ 10,341 $ 5,645 $ — $ 574,123 Agricultural real estate loans — 5,554 3,529 — 68,340 Commercial loans 284,625 275 395 — 285,295 Other agricultural loans — 2,595 2,270 — 42,297 Total $ 842,762 $ 18,765 $ 11,839 $ — $ 970,055 Special Doubtful Pass Mention Substandard or Loss Total December 31, 2019 Commercial real estate loans $ 376,109 $ 12,268 $ 2,950 $ — $ 391,327 Commercial loans 133,695 248 207 — 134,150 Total $ 509,804 $ 12,516 $ 3,157 $ — $ 525,477 For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of September 30, 2020 and December 31, 2019 (in thousands): Performing Nonperforming Total September 30, 2020 Residential real estate loans $ 262,741 $ 663 $ 263,404 Construction 20,797 — 20,797 Consumer loans 162,078 139 162,217 Total $ 445,616 $ 802 $ 446,418 Performing Nonperforming Total December 31, 2019 Residential real estate loans $ 229,214 $ 567 $ 229,781 Construction 17,732 — 17,732 Consumer loans 151,607 79 151,686 Total $ 398,553 $ 646 $ 399,199 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of September 30, 2020 and December 31, 2019 (in thousands): Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Nonaccrual Total Past Due and Non-Accrual Purchased Credit-Impaired Total Loans September 30, 2020 Real Estate loans Residential $ 261,906 $ 443 $ 270 $ - $ 663 $ 1,376 $ 122 $ 263,404 Commercial 568,601 420 51 - 1,280 1,751 3,771 574,123 Agricultural 65,557 29 676 705 2,078 68,340 Construction 20,607 - - - - - 190 20,797 Commercial loans 283,130 878 19 1,000 23 1,920 245 285,295 Other agricultural loans 39,844 10 263 273 2,180 42,297 Consumer loans 161,682 346 50 - 139 535 - 162,217 Total $ 1,401,327 $ 2,126 $ 390 $ 1,000 $ 3,044 $ 6,560 $ 8,586 $ 1,416,473 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Nonaccrual Total Past Due and Non-Accrual Purchased Credit-Impaired Total Loans December 31, 2019 Real Estate loans Residential $ 227,766 $ 727 $ 245 $ - $ 567 $ 1,539 - $ 476 $ 229,781 Commercial 387,897 176 2,935 - 99 3,210 - 220 391,327 Construction 17,695 - 37 - - 37 - - 17,732 Commercial loans 134,018 82 - - 50 132 - - 134,150 Consumer loans 151,309 233 65 - 79 377 - - 151,686 Total $ 918,685 $ 1,218 $ 3,282 $ - $ 795 $ 5,295 - $ 696 $ 924,676 Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the allowance for loan losses. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the allowance. As of September 30, 2020, the allocation of the allowance pertaining to each major category of loans is higher than the allocation as of December 31, 2019. This increase is due primarily to an increase in the qualitative factor for economic conditions which worsened as a result of the COVID-19 pandemic. The increase in the economic factor added $ 2.2 million to the required allowance for loan losses. As of September 30, 2020, the Company has also added qualitative factors related to the pandemic to capture some of the risk associated with higher-risk industries and to recognize risk related to loans that have been granted deferral of payments due to COVID-19. At September 30, 2020, the allowance for loan losses includes $ 1.5 million of COVID related factors. These increases in the required allowance were offset partially by a decrease in the qualitative factor relating to loan growth which decreased by $ 986,000 due to a reduction in loan growth from 8.75 % in 2019 to projected growth of approximately 2.00 % for the year of 2020. The 2020 growth excludes growth in Paycheck Protection Program loans which are fully guaranteed by the Small Business Association as well as loans acquired from UpState. The following table presents the allowance for loan losses by the classes of the loan portfolio: (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, December 31, 2019 $ 1,552 $ 4,687 $ 95 $ 949 $ 1,226 $ 8,509 Charge Offs ( 41 ) ( 433 ) — ( 18 ) ( 275 ) ( 767 ) Recoveries 5 10 — 36 31 82 Provision for loan losses 162 2,904 30 242 512 3,850 Ending balance, September 30, 2020 $ 1,678 $ 7,168 $ 125 $ 1,209 $ 1,494 $ 11,674 Ending balance individually evaluated for impairment $ — $ — $ — $ — $ — $ — Ending balance collectively evaluated for impairment $ 1,678 $ 7,168 $ 125 $ 1,209 $ 1,494 $ 11,674 (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, June 30, 2020 $ 1,652 $ 6,079 $ 86 $ 1,076 $ 1,419 $ 10,312 Charge Offs ( 40 ) ( 400 ) - - ( 83 ) ( 523 ) Recoveries 2 4 - 18 11 35 Provision for loan losses 64 1,485 39 115 147 1,850 Ending balance, September 30, 2020 $ 1,678 $ 7,168 $ 125 $ 1,209 $ 1,494 $ 11,674 (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, December 31, 2018 $ 1,328 $ 5,455 $ 93 $ 712 $ 864 $ 8,452 Charge Offs ( 90 ) ( 615 ) — ( 254 ) ( 246 ) ( 1,205 ) Recoveries 20 18 — 31 39 108 Provision for loan losses 310 ( 292 ) 14 454 564 1,050 Ending balance, September 30, 2019 $ 1,568 $ 4,566 $ 107 $ 943 $ 1,221 $ 8,405 Ending balance individually evaluated for impairment $ — $ — $ — $ — $ — $ — Ending balance collectively evaluated for impairment $ 1,568 $ 4,566 $ 107 $ 943 $ 1,221 $ 8,405 (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, June 30, 2019 $ 1,447 $ 4,694 $ 112 $ 896 $ 1,079 $ 8,228 Charge Offs ( 15 ) — — ( 20 ) ( 111 ) ( 146 ) Recoveries 5 4 — 10 4 23 Provision for loan losses 131 ( 132 ) ( 5 ) 57 249 300 Ending balance, September 30, 2019 $ 1,568 $ 4,566 $ 107 $ 943 $ 1,221 $ 8,405 The Company’s primary business activity as of September 30, 2020 was with customers located in northeastern Pennsylvania and the New York counties of Delaware, Sullivan, Ontario, Otsego and Yates. Accordingly, the Company has extended credit primarily to commercial entities and individuals in this area whose ability to honor their contracts is influenced by the region’s economy. As of September 30, 2020, the Company considered its concentration of credit risk to be acceptable. The highest concentrations are in commercial rentals with $ 119.7 million of loans outstanding, or 8.5 % of total loans outstanding, and residential rentals with loans outstanding of $ 117.2 million, or 8.3 % of loans outstanding. During 2020, the Company did not recognize any charge offs on loans in the named concentrations.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2020
Operating Leases [Abstract]
Operating Leases	9 . Operating Leases The Company leases eight office locations under operating leases. Several assumptions and judgments were made when applying the requirements of Topic 842 to the Company’s existing lease commitments, including the allocation of consideration in the contracts between lease and nonlease components, determination of the lease term, and determination of the discount rate used in calculating the present value of the lease payments. The Company has elected to account for the variable nonlease components, such as common area maintenance charges, utilities, real estate taxes, and insurance, separately from the lease component. Such variable nonlease components are reported in net occupancy expense on the Consolidated Statements of Income when paid. These variable nonlease components were excluded from the calculation of the present value of the remaining lease payments, therefore, they are not included in other assets and other liabilities on the Consolidated Balance Sheets. The lease cost associated with the operating leases for the nine-month periods ending September 30, 2020 and 2019, amounted to $ 425,000 and $ 382,000 respectively. Certain of the Company’s leases contain options to renew the lease after the initial term. Management considers the Company’s historical pattern of exercising renewal options on leases and the positive performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease. The discount rate utilized in calculating the present value of the remaining lease payments for each lease was the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at September 30, 2020. Operating Weighted-average remaining term 12.4 Weighted-average discount rate 3.20 % The following table presents the undiscounted cash flows due related to operating leases as of September 30, 2020, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets: Undiscounted cash flows due (in thousands) Operating 2020 $ 140 2021 561 2022 546 2023 534 2024 544 2025 and thereafter 3,880 Total undiscounted cash flows 6,205 Discount on cash flows ( 1,121 ) Total lease liabilities $ 5,084

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2020
Fair Value of Assets and Liabilities [Abstract]
Fair Value of Assets and Liabilities	10 . Fair Value of Assets and Liabilities 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. In accordance with fair value accounting guidance, the Company measures, records, and reports various types of assets and liabilities at fair value on either a recurring or non-recurring basis in the Consolidated Financial Statements. Those assets and liabilities are presented in the sections entitled “Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis” and “Assets and Liabilities Required to be Measured and Reported at Fair Value on a Non-Recurring Basis”. 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 methods of determining the fair value of assets and liabilities presented in this note are consistent with our methodologies disclosed in Note 15 of the Company’s 2019 Form 10-K. Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2020 and December 31, 2019 are as follows: Fair Value Measurement Using Reporting Date Description Total Level 1 Level 2 Level 3 (In thousands) September 30, 2020 Available for Sale: States and political subdivisions $ 53,065 $ - $ 53,065 $ - Corporate obligations 3,063 - 3,063 - Mortgage-backed securities-government sponsored entities 141,308 - 141,308 - Total $ 197,436 $ - $ 197,436 $ - Description Total Level 1 Level 2 Level 3 (In thousands) December 31, 2019 Available for Sale: States and political subdivisions $ 71,305 $ - $ 71,305 $ - Corporate obligations 4,100 - 4,100 - Mortgage-backed securities-government sponsored entities 134,800 - 134,800 - Total $ 210,205 $ - $ 210,205 $ - Securities: The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. For certain securities which are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence (Level 3). In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support on certain Level 3 investments. Internal cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) are used to support fair values of certain Level 3 investments, if applicable. Assets and Liabilities Required to be Measured and Reported at Fair Value on a Non-Recurring Basis For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2020 and December 31, 2019 are as follows: Fair Value Measurement Using Reporting Date (In thousands) Description Total Level 1 Level 2 Level 3 September 30, 2020 Impaired Loans $ - $ - $ - $ - Foreclosed Real Estate Owned 965 - - 965 December 31, 2019 Impaired Loans $ 1,584 $ - $ - $ 1,584 Foreclosed Real Estate Owned 1,556 - - 1,556 Impaired loans (generally carried at fair value): The Company measures impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the lowest level of input that is significant to the fair value measurements. As of September 30, 2020, the fair value investment in impaired loans was $ 0 since no loans required a specific reserve at period end. As of December 31, 2019, the fair value investment in impaired loans totaled $ 1,584,000 which included two loans that required a valuation allowance of $ 417,000 since the estimated realizable value of the collateral or the discounted cash flows were not sufficient to cover the recorded investment in the loans. As of December 31, 2019, the Company had no t recognized any charge-offs against the allowance for loan losses on these impaired loans. Foreclosed real estate owned (carried at fair value): Real estate properties acquired through loan foreclosures, or by deed in lieu of loan foreclosure are to be sold and are carried at fair value less estimated cost to sell. Fair value is based upon independent market prices, appraised value of the collateral or management’s estimation of the value of the collateral. These assets are included in Level 3 fair value based upon the lowest level of input that is significant to the fair value measurement. The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) September 30, 2020 Impaired loans $ - Appraisal of collateral(1) Appraisal adjustments(2) - Foreclosed real estate owned $ 965 Appraisal of collateral(1) Liquidation Expenses(2) 7.00 % ( 7.00 %) Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2019 Impaired loans $ 1,531 Appraisal of collateral(1) Appraisal adjustments(2) 10.00 % ( 10.00 %) Impaired loans $ 53 Present value of future cash flows Loan discount rate 4.00 - 6.97 % ( 5.55 %) Probability of default 0% Foreclosed real estate owned $ 1,556 Appraisal of collateral(1) Liquidation Expenses(2) 0 - 7.00 % ( 4.34 %) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. Assets and Liabilities Not Required to be Measured or Reported at Fair Value The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments at September 30, 2020 and December 31, 2019. Loans receivable (carried at cost): The fair values of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Mortgage servicing rights (generally carried at cost) The Company utilizes a third party provider to estimate the fair value of certain loan servicing rights. Fair value for the purpose of this measurement is defined as the amount at which the asset could be exchanged in a current transaction between willing parties, other than in a forced liquidation. Deposit liabilities (carried at cost): The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Other borrowings (carried at cost): Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a fair value that is deemed to represent the transfer price if the liability were assumed by a third party. The estimated fair values of the Bank’s financial instruments not required to be measured or reported at fair value were as follows at September 30, 2020 and December 31, 2019. (In thousands) Fair Value Measurements at September 30, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 124,440 $ 124,440 $ 124,440 $ - $ - Loans receivable, net 1,402,988 1,494,158 - - 1,494,158 Mortgage servicing rights 324 406 - - 406 Regulatory stock (1) 3,876 3,876 3,876 - - Bank owned life insurance (1) 39,400 39,400 39,400 - - Accrued interest receivable (1) 6,104 6,104 6,104 - - Financial liabilities: Deposits 1,515,922 1,521,857 980,745 - 541,112 Short-term borrowings (1) 69,294 69,294 69,294 - - Other borrowings 46,438 47,567 - - 47,567 Accrued interest payable (1) 2,194 2,194 2,194 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - Fair Value Measurements at December 31, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 15,415 $ 15,415 $ 15,415 $ - $ - Loans receivable, net 916,072 943,143 - - 943,143 Mortgage servicing rights 187 226 - - 226 Regulatory stock (1) 4,844 4,844 4,844 - - Bank owned life insurance (1) 38,763 38,763 38,763 - - Accrued interest receivable (1) 3,719 3,719 3,719 - - Financial liabilities: Deposits 957,529 961,120 596,811 - 364,309 Short-term borrowings (1) 62,256 62,256 62,256 - - Other borrowings 56,438 56,618 - - 56,618 Accrued interest payable (1) 2,432 2,432 2,432 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - (1) This financial instrument is carried at cost, which approximates the fair value of the instrument.

New and Recently Adopted Accoun

New and Recently Adopted Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
New and Recently Adopted Accounting Pronouncements [Abstract]
New and Recently Adopted Accounting Pronouncements	11 . New and Recently Adopted Accounting Pronouncements New Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments , which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new r equirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . This Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We expect to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment . To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) , which deferred the effective date for ASC 350, Intangibles – Goodwill and Other , for smaller reporting companies to fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In August 2018, the FASB issued ASU 2018-14, Compensation – Retirement Benefits (Topic 715-20). This Update amends ASC 715 to add, remove, and clarify disclosure requirements related to defined benefit pension and other postretirement plans. The Update eliminates the requirement to disclose the amounts in accumulated other comprehensive income expected to be recognized as part of net periodic benefit cost over the next year. The Update also removes the disclosure requirements for the effects of a one percentage point change on the assumed health care costs and the effect of this change in rates on service cost, interest cost, and the benefit obligation for postretirement health care benefits. This Update is effective for public business entities for fiscal years ending after December 15, 2020, and must be applied on a retrospective basis. For all other entities, this Update is effective for fiscal years ending after December 15, 2021. This Update is not expected to have a significant impact on the Company’s financial statements. In April 2019, the FASB issued ASU 201 9-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Derivatives and Hedging (Topic 815), and Financial Instruments (Topic 825), which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. Topic 326 , Financial Instruments – Credit Losses , amendments are effective for SEC registrants for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. For all other public business entities, the effective date is for fiscal years beginning after December 15, 2020, and for all other entities, the effective date is for fiscal years beginning after December 15, 2021. Topic 815 , Derivatives and Hedging , amendments are effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods beginning after December 15, 2020. For entities that have adopted the amendments in Update 2017-12, the effective date is as of the beginning of the first annual period beginning after the issuance of this Update. Topic 825 , Financial Instruments , amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . This Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Furthermore, the ASU provides a one-year deferral of the effective dates of the ASUs on derivatives and hedging for companies that are not public business entities. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses (Topic 326) , which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for applying the fair value option in ASC 825-10. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted ASU 2016-13, the effective dates and transition requirements are the same as those in ASU 2016-13. For entities that have adopted ASU 2016-13, ASU 2019-05 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted once ASU 2016-13 has been adopted. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . The Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt ASU 2016-13. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . The Update defers the effective dates of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. This Update also amends the mandatory effective date for the elimination of Step 2 from the goodwill impairment test under ASU No. 2017-04, Intangibles ‒ Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (Goodwill) , to align with those used for credit losses. Furthermore, the ASU provides a one-year deferral of the effective dates of the ASUs on derivatives and hedging and leases for companies that are not public business entities. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. The effective dates in this Update are the same as those applicable for ASU 2019-10. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) , to simplify the accounting for income taxes, change the accounting for certain tax transactions, and make minor improvements to the codification. This Update provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax and provides guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or was a separate transaction. The Update also changes current guidance for making an intraperiod allocation if there is a loss in continuing operations and gains outside of continuing operations, determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, accounting for tax law changes and year-to-date losses in interim periods, and determining how to apply the income tax guidance to franchise taxes that are partially based on income. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2020, the FASB issued ASU 2020-3 , Codification Improvements to Financial Instruments. This ASU was issued to improve and clarify various financial instruments topics, including the current expected credit losses (CECL) standard issued in 2016. The ASU includes seven issues that describe the areas of improvement and the related amendments to GAAP; they are intended to make the standards easier to understand and apply and to eliminate inconsistencies, and they are narrow in scope and are not expected to significantly change practice for most entities. Among its provisions, the ASU clarifies that all entities, other than public business entities that elected the fair value option, are required to provide certain fair value disclosures under ASC 825, Financial Instruments , in both interim and annual financial statements. It also clarifies that the contractual term of a net investment in a lease under Topic 842 should be the contractual term used to measure expected credit losses under Topic 326. Amendments related to ASU 2019-04 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is not permitted before an entity’s adoption of ASU 2016-01. Amendments related to ASU 2016-13 for entities that have not yet adopted that guidance are effective upon adoption of the amendments in ASU 2016-13. Early adoption is not permitted before an entity’s adoption of ASU 2016-13. Amendments related to ASU 2016-13 for entities that have adopted that guidance are effective for fiscal years beginning after December 15, 2019, including interim periods within those years. Other amendments are effective upon issuance of this ASU. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In January 2020, the FASB issued ASU 2020-4, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 , to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met, and can make a one-time election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. It is too early to predict whether a new rate index replacement and the adoption of the ASU will have a material impact on the Company’s financial statements.

Acquisition of UpState New York

Acquisition of UpState New York Bancorp, Inc. and USNY Bank.	9 Months Ended
	Sep. 30, 2020
Acquisition of UpState New York Bancorp, Inc. and USNY Bank. [Abstract]
Acquisition of UpState New York Bancorp, Inc. and USNY Bank.	12 . Acquisition of UpState New York Bancorp, Inc. and USNY Bank. On January 8, 2020, the Company and the Bank, and UpState and its wholly owned subsidiary, USNY Bank entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which UpState would merge with and into the Company, with the Company as the surviving corporation (“the Merger”). The Merger was completed on July 7, 2020. Pursuant to the terms of the Merger Agreement, UpState was merged with and into the Company, with the Company as the surviving corporation of the Merger. Immediately following the Merger, USNY Bank was merged with and into Wayne Bank, with Wayne Bank as the surviving entity. USNY Bank conducted its business from two Bank of the Finger Lakes offices in Geneva and Penn Yan, New York, and two Bank of Cooperstown offices in Cooperstown and Oneonta, New York. At June 30, 2020, UpState had total assets of $ 463.8 million, total deposits of $ 412.8 million and total stockholders’ equity of $ 44.8 million. Pursuant to the terms of the Merger Agreement, shareholders of UpState elected to receive for each share of UpState common stock they owned, either 0.9390 shares of the Company’s common stock or $ 33.33 in cash, or a combination of both. All shareholder elections were subject to the allocation and proration procedures set forth in the Merger Agreement which were intended to ensure that 90 % of the shares of UpState would be exchanged for the Company’s common stock and 10 % of the shares of UpState would be exchanged for cash. In addition, under the terms of the Merger Agreement, UpState shareholders received an additional $ 0.67 per share in cash for each share of UpState common stock held. In the aggregate, the merger consideration paid to UpState shareholders consisted of approximately $ 8,845,198 in cash and 1,865,738 shares of the Company’s common stock. The senior management of the Company and Wayne Bank remained the same following the completion of the Merger. UpState directors Jeffrey S. Gifford and Alexandra K. Nolan have been appointed to the boards of directors of the Company and Wayne Bank. In addition, the remaining former directors of UpState have been invited to join a regional advisory board. UpState President and CEO R. Michael Briggs has entered into a consulting agreement with Wayne Bank. The Company has retained the brand names of USNY Bank’s two units, Bank of the Finger Lakes and Bank of Cooperstown, and has also retained USNY Bank’s administration center in Geneva, New York. Scott D. White, unit President of Bank of Cooperstown, and Jeffrey E. Franklin, unit President of Bank of the Finger Lakes, will also remain in place as executives of their units. The acquired assets and assumed liabilities were measured at estimated fair values. Management made significant estimates and exercised significant judgement in accounting for the acquisition. Management measured loan fair values based on loan file reviews, appraised collateral values , expected cash flows, and historical loss factors. The Company also recorded and identifiable asset representing the core deposit base of UpState based on management’s evaluation of the cost of such deposits relative to alternative funding sources. Management used significant estimates including the average lives of depository accounts, future interest rate levels, and the cost of servicing various depository products. Management used market quotations to determine the fair value of investment securities. The business combination resulted in the acquisition of loans with and without evidence of credit quality deterioration. UpState loans were deemed impaired at the acquisition date if the Company did not expect to receive all contractually required cash flows due to concerns about credit quality. Such loans were fair valued and the difference between contractually required payments at the acquisition date and cash flows expected to be collected was recorded as a non-accretable difference. At the acquisition date, the Company recorded $ 15,410,000 of purchased credit-impaired loans subject to a non-accretable difference of $ 5,213,000 . The method of measuring carrying value of purchased loans differs from loans originated by the Company (originated loans), and as such, the Company identifies purchased loans and purchased loans with a credit quality discount and originated loans at amortized cost. UpState’s loans without evidence of credit deterioration were fair valued by discounting both expected principal and interest cash flows using an observable discount rate for similar instruments that a market participant would consider in determining fair value. Additionally, consideration was given to management’s best estimates of default rates and payment speeds. At acquisition, UpState’s loan portfolio without evidence of deterioration totaled $ 400,127,000 and was recorded at a fair value of $ 393,580,000 . The following table summarizes the purchase of UpState as of July 7, 2020: (Dollars in Thousands, Except Per Share Data) Purchase Price Consideration in Common Stock UpState New York Bancorp, Inc. common shares settled for stock 1,987,206 Exchange Ratio 0.9390 Norwood Financial Corp shares issued 1,865,738 Value assigned to each Norwood Financial Corp common share $ 24.30 Purchase price assigned to UpState New York Bancorp, Inc. common shares $ 45,337 exchanged for Norwood Financial Corp shares Purchase Price Consideration - Cash for Common Stock UpState New York Bancorp, Inc. shares exchanged for cash, excluding fractional shares 220,794 Purchase price paid to each UpState New York Bancorp, Inc. common share exchanged for cash $ 33.33 Purchase price assigned to UpState New York Bancorp, Inc. common shares exchanged for cash $ 7,359 Purchase price additional cash consideration per share 1,479 Purchase price consideration - Cash-in-lieu of Fractional Shares 6 Total Purchase Price $ 54,181 Net Assets Acquired: UpState New York Bancorp, Inc. shareholders' equity $ 44,803 UpState New York Bancorp, Inc. goodwill and intangibles - Total tangible equity 44,803 Adjustments to reflect assets acquired at fair value: Investments ( 112 ) Loans Interest rate 3,982 General credit ( 10,529 ) Specific credit - non-amortizing ( 5,213 ) Specific credit - amortizing ( 1,724 ) Core deposit intangible 409 Deferred loan fees ( 812 ) Premises and equipment ( 1,211 ) Allowance for loan and lease losses 5,982 Deferred tax assets 2,526 Other ( 48 ) Adjustments to reflect liabilities acquired at fair value: Time deposits ( 2,754 ) Net assets acquired 35,299 Goodwill resulting from merger $ 18,882 The fo llowing condensed statement reflects the values assigned to UpState New York Bancorp, Inc. net assets as of the acquisition date: (In Thousands) Total purchase price $ 54,181 Net assets acquired: Cash $ 24,037 Securities available for sale 13,836 Loans 405,221 Premises and equipment, net 4,318 Regulatory stock 2,487 Accrued interest receivable 1,426 Core deposit intangible 564 Other assets 4,194 Deposits ( 414,113 ) Accrued interest payable ( 175 ) Other liabilities ( 6,496 ) Total identifiable net assets acquired 35,299 Goodwill resulting from UpState New York Bancorp, Inc. Merger $ 18,882 The Company recorded goodwill and other intangibles associated with the acquisition of UpState New York Bancorp, Inc. totaling $ 19,291,000 . Goodwill is not amortized, but is periodically evaluated for impairment. The Company did no t recognize any impairment during the nine months ended September 30, 2020. The carrying amount of the goodwill at September 30, 2020 related to the UpState acquisition was $ 18,882,000 . Identifiable intangibles are amortized to their estimated residual values over the expected useful lives. Such lives are also periodically reassessed to determine if any amortization period adjustments are required. During the nine months ended September 30, 2020, no such adjustments were recorded. The identifiable intangible assets consist of a core deposit intangible which is being amortized on an accelerated basis over the useful life of such asset. The gross carrying amount of the core deposit intangible at September 30, 2020 was $ 409,000 with $ 19,000 accumulated depreciation as of that date. As of September 30, 2020, the current year and estimated future amortization expense for the core deposit intangible associated with the UpState acquisition is: (In thousands) 2020 $ 37 2021 71 2022 63 2023 56 2024 48 After five years 134 $ 409 The following table presents financial information for the former UpState included in the Consolidated Statements of Income from the date of acquisition through September 30, 2020: Actual From Acquisition Date Through September 30,2020 (in thousands) Net interest income after provision for loan losses $ 3,522 Noninterest income $ 151 The following table presents pro forma information for the nine and three-month periods ended September 30, 2020 and 2019, as if the acquisition of UpState had occurred on January 1, 2019. This table has been prepared for comparative purposes only, and is not indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results: Pro Forma Pro Forma Nine Months Ended September 30, Three Months Ended September 30, (In Thousands, Except Per Share Data) 2020 2019 2020 2019 Net interest income after provision for loan losses $ 38,632 $ 38,658 $ 13,480 $ 13,236 Noninterest income 5,443 5,704 2,072 2,089 Net income 14,434 14,759 5,304 5,287 Pro forma earnings per share: Basic $ 1.80 $ 1.84 $ 0.66 $ 0.66 Diluted $ 1.79 $ 1.83 $ 0.66 $ 0.66

Risks and Uncertainties

Risks and Uncertainties	9 Months Ended
	Sep. 30, 2020
Risks and Uncertainties [Abstract]
Risks and Uncertainties	13 . Risks and Uncertainties The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020, and provided over $2.0 trillion in emergency economic relief to individuals and businesses impacted by the COVID-19 pandemic. The CARES Act authorized the Small Business Administration (“SBA”) to temporarily guarantee loans under a new 7(a) loan program called the Paycheck Protection Program (“PPP”). As a qualified SBA lender, we were automatically authorized to originate PPP loans. An eligible business can apply for a PPP loan up to the greater of: (1) 2.5 times its average monthly payroll costs; or (2) $10.0 million. PPP loans will have: (a) an interest rate of 1.0%, (b) a two-year or five-year loan term to maturity; and (c) principal and interest payments deferred for ten months from the end of the coverage period. The SBA will guarantee 100% of the PPP loans made to eligible borrowers. The entire principal amount of the borrower’s PPP loan, including any accrued interest, is eligible to be reduced by the loan forgiveness amount under the PPP so long as employee and compensation levels of the business are maintained and 60% of the loan proceeds are used for payroll expenses, with the remaining 40% of the loan proceeds used for other qualifying expenses. As of September 30, 2020, the Company approved 1,138 applications for $ 95.0 million of loans under the PPP. Since the opening of the PPP, several larger banks have been subject to litigation regarding the process and procedures that such banks used in processing applications for the PPP. Norwood may be exposed to the risk of similar litigation, from both customers and non-customers that approached the bank regarding PPP loans, regarding the process and procedures used in processing applications for the PPP. If any such litigation is filed against and is not resolved in a manner favorable to Norwood, it may result in significant financial liability or adversely affect reputation. In addition, litigation can be costly, regardless of outcome. Any financial liability, litigation costs or reputational damage caused by PPP-related litigation could have a material adverse impact on our business, financial condition and results of operations. The Company also has credit risk on PPP loans if a determination is made by the SBA that there is a deficiency in the manner in which the loan was originated, funded, or serviced by, such as an issue with the eligibility of a borrower to receive a PPP loan, which may or may not be related to the ambiguity in the laws, rules and guidance regarding the operation of the PPP. In the event of a loss resulting from a default on a PPP loan and a determination by the SBA that there was a deficiency in the manner in which the PPP loan was originated, funded, or serviced by the Company , the SBA may deny its liability under the guaranty, reduce the amount of the guaranty, or, if it has already paid under the guaranty, seek recovery of any loss related to the deficiency from the Company. COVID-19 Loan Forbearance Programs . Section 4013 of the CARES Act provides that banks may elect not to categorize a loan modification as a TDR if the loan modification is (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date on which the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020, under the National Emergencies Act terminates, or (B) December 31, 2020. According to the Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised) issued by the federal bank regulatory agencies on April 7, 2020, short-term loan modifications not otherwise eligible under Section 4013 that are made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. See Note 8 of the financial statements for additional disclosure of TDRs at September 30, 2020. The following table presents a summary of loans that were granted forbearance by type of loan during the nine-months ended September 30, 2020: Loan Type Number of Loans Balance (in thousands) Real Estate Loans: Residential 117 $ 10,723 Commercial 384 218,891 Agricultural 16 5,267 Construction 24 4,125 Commercial, financial and agricultural 183 23,677 Other agricultural loans — — Consumer loans to individuals 467 10,682 Total 1,191 $ 273,365 The following table presents a summary of loans that remain in forbearance by type of loan as of September 30, 2020: Loan Type Number of Loans Balance (in thousands) Real Estate Loans: Residential 13 $ 1,660 Commercial 162 102,018 Agricultural 12 5,025 Construction 2 982 Commercial, financial and agricultural 88 15,672 Other agricultural loans — — Consumer loans to individuals 37 920 Total 314 $ 126,277

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue Recognition [Abstract]
Noninterest Income	Three months ended September 30, (dollars in thousands) Noninterest Income 2020 2019 In-scope of Topic 606: Service charges on deposit accounts $ 93 $ 72 ATM fees 155 106 Overdraft fees 224 323 Safe deposit box rental 26 22 Loan related service fees 282 228 Debit card fees 443 370 Fiduciary activities 205 167 Commissions on mutual funds and annuities 26 30 Other income 152 143 Noninterest Income ( in-scope of Topic 606 ) 1,606 1,461 Out-of-scope of Topic 606: Net realized gains on sales of securities 33 169 Loan servicing fees 52 15 Gains on sales of loans 164 15 Earnings on and proceeds from bank-owned life insurance 217 222 Noninterest Income ( out-of-scope of Topic 606 ) 466 421 Total Noninterest Income $ 2,072 $ 1,882 Nine months ended September 30, (dollars in thousands) Noninterest Income 2020 2019 In-scope of Topic 606: Service charges on deposit accounts $ 278 $ 205 ATM fees 354 287 Overdraft fees 715 1,017 Safe deposit box rental 79 71 Loan related service fees 464 451 Debit card fees 1,154 1,067 Fiduciary activities 533 454 Commissions on mutual funds and annuities 89 111 Other income 391 379 Noninterest Income ( in-scope of Topic 606 ) 4,057 4,042 Out-of-scope of Topic 606: Net realized gains on sales of securities 71 233 Loan servicing fees 68 53 Gains on sales of loans 285 125 Earnings on and proceeds from bank-owned life insurance 638 630 Noninterest Income ( out-of-scope of Topic 606 ) 1,062 1,041 Total Noninterest Income $ 5,119 $ 5,083

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule Of Weighted Average Shares Outstanding Used In The Computations Of Basic And Diluted Earnings Per Share	(in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Weighted average shares outstanding 8,073 6,296 6,915 6,293 Less: Unvested restricted shares ( 36 ) ( 35 ) ( 36 ) ( 35 ) Basic EPS weighted average shares outstanding 8,037 6,261 6,879 6,258 Basic EPS weighted average shares outstanding 8,037 6,261 6,879 6,258 Add: Dilutive effect of stock options and restricted shares 22 48 22 50 Diluted EPS weighted average shares outstanding 8,059 6,309 6,901 6,308

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	Weighted Average Exercise Weighted Average Aggregate Price Remaining Intrinsic Value Options Per Share Contractual Term ($000) Outstanding at January 1, 2020 199,825 $ 24.78 5.9 Yrs. $ 2,823 Granted — — — — Exercised ( 4,681 ) 17.87 2.6 Yrs. — Forfeited — — — Outstanding at September 30, 2020 195,144 $ 24.94 5.2 Yrs. $ 654 Exercisable at September 30, 2020 168,394 $ 23.18 4.6 Yrs. $ 654
Summary of Restricted Stock Activity	2020 2019 Weighted-Average Weighted-Average Number of Grant Date Number of Grant Date Restricted Stock Fair Value Restricted Stock Fair Value Non-vested, January 1, 36,195 $ 31.65 34,615 $ 27.82 Granted — — — — Vested — — — — Forfeited — — — — Non-vested, September 30, 36,195 $ 31.65 34,615 $ 27.82

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]
Summary of Changes In Accumulated Other Comprehensive Income (Loss)	Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2020 $ 4,782 Other comprehensive loss before reclassification ( 91 ) Amount reclassified from accumulated other comprehensive loss ( 26 ) Total other comprehensive loss ( 117 ) Balance as of September 30, 2020 $ 4,665 Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2019 $ 440 Other comprehensive income before reclassification 835 Amount reclassified from accumulated other comprehensive income ( 132 ) Total other comprehensive income 703 Balance as of September 30, 2019 $ 1,143 Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2019 $ 1,187 Other comprehensive income before reclassification 3,534 Amount reclassified from accumulated other comprehensive income ( 56 ) Total other comprehensive income 3,478 Balance as of September 30, 2020 $ 4,665 Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2018 $ ( 5,020 ) Other comprehensive income before reclassification 6,346 Amount reclassified from accumulated other comprehensive income ( 183 ) Total other comprehensive income 6,163 Balance as of September 30, 2019 $ 1,143 (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss)	Amount Reclassified From Accumulated Affected Line Item in Other Consolidated Comprehensive Statements Details about other comprehensive income Income (Loss) (a) of Income Three months ended September 30, 2020 2019 Unrealized gains on available for sale securities $ 33 $ 169 Net realized gains on sales of securities ( 7 ) ( 37 ) Income tax expense $ 26 $ 132 Nine months ended September 30, 2020 2019 Unrealized gains on available for sale securities $ 71 $ 233 Net realized gains on sales of securities ( 15 ) ( 50 ) Income tax expense $ 56 $ 183 (a) Amounts in parentheses indicate debits to net income

Off-Balance Sheet Financial I_2

Off-Balance Sheet Financial Instruments and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2020
Off-Balance Sheet Financial Instruments and Guarantees [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks	(in thousands) September 30, 2020 2019 Commitments to grant loans $ 76,029 $ 49,806 Unfunded commitments under lines of credit 122,050 65,854 Standby letters of credit 5,654 3,687 $ 203,733 $ 119,347

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2020
Securities [Abstract]
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities	September 30, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands) Available for Sale: States and political subdivisions $ 51,134 $ 1,931 $ — $ 53,065 Corporate obligations 3,038 25 — 3,063 Mortgage-backed securities- government sponsored entities 138,414 2,941 ( 47 ) 141,308 Total debt securities $ 192,586 $ 4,897 $ ( 47 ) $ 197,436 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands) Available for Sale: States and political subdivisions $ 70,015 $ 1,293 $ ( 3 ) $ 71,305 Corporate obligations 4,097 3 - 4,100 Mortgage-backed securities-government sponsored entities 135,646 238 ( 1,084 ) 134,800 Total debt securities $ 209,758 $ 1,534 $ ( 1,087 ) $ 210,205
Schedule of Investments' Gross Unrealized Losses and Fair Value Aggregated by Security Type and Length of Time that Individual Securities have been in a Continous Unrealized Loss Position	September 30, 2020 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities-government sponsored entities $ 20,888 $ ( 47 ) $ — $ — $ 20,888 $ ( 47 ) $ 20,888 $ ( 47 ) $ — $ — $ 20,888 $ ( 47 ) December 31, 2019 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses States and political subdivisions $ 1,296 $ ( 2 ) $ 481 $ ( 1 ) $ 1,777 $ ( 3 ) Mortgage-backed securities-government sponsored entities 32,415 ( 241 ) 61,096 ( 843 ) 93,511 ( 1,084 ) $ 33,711 $ ( 243 ) $ 61,577 $ ( 844 ) $ 95,288 $ ( 1,087 )
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	Available for Sale Amortized Cost Fair Value (In Thousands) Due in one year or less $ 4,348 $ 4,386 Due after one year through five years 7,385 7,447 Due after five years through ten years 17,958 18,415 Due after ten years 24,481 25,880 54,172 56,128 Mortgage-backed securities-government sponsored entities 138,414 141,308 $ 192,586 $ 197,436
Gross Realized Gains and Losses on Sales of Securities Available-for-Sale	Three Months Nine Months Ended September 30, Ended September 30, 2020 2019 2020 2019 Gross realized gains $ 33 $ 169 $ 71 $ 233 Gross realized losses — — — — Net realized gain $ 33 $ 169 $ 71 $ 233 Proceeds from sales of securities $ 2,425 $ 19,326 $ 24,497 $ 22,862

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2020
Loans Receivable and Allowance for Loan Losses [Abstract]
Composition of the Loan Portfolio	September 30, 2020 December 31, 2019 Real Estate Loans: Residential $ 263,404 18.6 % $ 229,781 24.9 % Commercial 574,123 40.5 391,327 42.3 Agricultural 68,340 4.8 — — Construction 20,797 1.5 17,732 1.9 Commercial loans 285,295 20.1 134,150 14.5 Other agricultural loans 42,297 3.0 — — Consumer loans to individuals 162,217 11.5 151,686 16.4 Total loans 1,416,473 100.0 % 924,676 100.0 % Deferred fees, net ( 1,811 ) ( 95 ) Total loans receivable 1,414,662 924,581 Allowance for loan losses ( 11,674 ) ( 8,509 ) Net loans receivable $ 1,402,988 $ 916,072
Information Regarding Loans Acquired and Accounted for in Accordance With ASC 310-30	September 30, 2020 December 31, 2019 Outstanding Balance $ 15,344 $ 793 Carrying Amount $ 8,586 $ 696
Changes in the Accretable Yield for Purchased Credit-impaired Loans	2020 2019 Balance at beginning of period $ 97 $ 168 Additions 1,724 — Accretion ( 179 ) ( 29 ) Reclassification and other ( 96 ) — Balance at end of period $ 1,546 $ 139
Components Of Purchase Accounting Adjustments Related To Purchased Credit-impaired Loans Acquired	(In Thousands) July 7, 2020 Contractually required principal and interest $ 15,410 Non-accretable discount ( 5,213 ) Expected cash flows 10,197 Accretable discount ( 1,724 ) Estimated fair value $ 8,473
Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment	Real Estate Loans Commercial Other Consumer Residential Commercial Agricultural Construction Loans Agricultural Loans Total September 30, 2020 (In thousands) Individually evaluated for impairment $ — $ 1,654 $ — $ — $ — $ — $ — $ 1,654 Loans acquired with deteriorated credit quality 122 3,771 2,078 190 245 2,180 — 8,586 Collectively evaluated for impairment 263,282 568,698 66,262 20,607 285,050 40,117 162,217 1,406,233 Total Loans $ 263,404 $ 574,123 $ 68,340 $ 20,797 $ 285,295 $ 42,297 $ 162,217 $ 1,416,473 Real Estate Loans Commercial Consumer Residential Commercial Construction Loans Loans Total December 31, 2019 (In thousands) Individually evaluated for impairment $ - $ 2,144 $ - $ - $ - $ 2,144 Loans acquired with deteriorated credit quality 476 220 - - - 696 Collectively evaluated for impairment 229,305 388,963 17,732 134,150 151,686 921,836 Total Loans $ 229,781 $ 391,327 $ 17,732 $ 134,150 $ 151,686 $ 924,676
Impaired Loans and Related Interest Income by Loan Portfolio Class	The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Unpaid Recorded Principal Associated Investment Balance Allowance September 30, 2020 (in thousands) With no related allowance recorded: Real Estate Loans: Commercial $ 1,654 $ 2,287 — Total Impaired Loans $ 1,654 $ 2,287 — Unpaid Recorded Principal Associated Investment Balance Allowance December 31, 2019 (in thousands) With no related allowance recorded: Real Estate Loans: Commercial $ 143 $ 394 $ — Subtotal 143 394 — With an allowance recorded: Real Estate Loans Commercial 2,001 2,001 417 Subtotal 2,001 2,001 417 Total: Real Estate Loans: Commercial 2,144 2,395 417 Total Impaired Loans $ 2,144 $ 2,395 $ 417 The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month periods ended September 30, 2020 and 2019, respectively (in thousands): Average Recorded Interest Income Investment Recognized 2020 2019 2020 2019 Real Estate Loans: Commercial 1,874 633 2 — Total $ 1,874 $ 633 $ 2 $ — The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the nine-month periods ended September 30, 2020 and 2019, respectively (in thousands): Average Recorded Interest Income Investment Recognized 2020 2019 2020 2019 Real Estate Loans: Commercial 1,986 759 8 24 Total $ 1,986 $ 759 $ 8 $ 24
Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating	Special Doubtful Pass Mention Substandard or Loss Total September 30, 2020 Commercial real estate loans $ 558,137 $ 10,341 $ 5,645 $ — $ 574,123 Agricultural real estate loans — 5,554 3,529 — 68,340 Commercial loans 284,625 275 395 — 285,295 Other agricultural loans — 2,595 2,270 — 42,297 Total $ 842,762 $ 18,765 $ 11,839 $ — $ 970,055 Special Doubtful Pass Mention Substandard or Loss Total December 31, 2019 Commercial real estate loans $ 376,109 $ 12,268 $ 2,950 $ — $ 391,327 Commercial loans 133,695 248 207 — 134,150 Total $ 509,804 $ 12,516 $ 3,157 $ — $ 525,477 For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of September 30, 2020 and December 31, 2019 (in thousands): Performing Nonperforming Total September 30, 2020 Residential real estate loans $ 262,741 $ 663 $ 263,404 Construction 20,797 — 20,797 Consumer loans 162,078 139 162,217 Total $ 445,616 $ 802 $ 446,418 Performing Nonperforming Total December 31, 2019 Residential real estate loans $ 229,214 $ 567 $ 229,781 Construction 17,732 — 17,732 Consumer loans 151,607 79 151,686 Total $ 398,553 $ 646 $ 399,199
Loan Portfolio Summarized by the Past Due Status	Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Nonaccrual Total Past Due and Non-Accrual Purchased Credit-Impaired Total Loans September 30, 2020 Real Estate loans Residential $ 261,906 $ 443 $ 270 $ - $ 663 $ 1,376 $ 122 $ 263,404 Commercial 568,601 420 51 - 1,280 1,751 3,771 574,123 Agricultural 65,557 29 676 705 2,078 68,340 Construction 20,607 - - - - - 190 20,797 Commercial loans 283,130 878 19 1,000 23 1,920 245 285,295 Other agricultural loans 39,844 10 263 273 2,180 42,297 Consumer loans 161,682 346 50 - 139 535 - 162,217 Total $ 1,401,327 $ 2,126 $ 390 $ 1,000 $ 3,044 $ 6,560 $ 8,586 $ 1,416,473 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Nonaccrual Total Past Due and Non-Accrual Purchased Credit-Impaired Total Loans December 31, 2019 Real Estate loans Residential $ 227,766 $ 727 $ 245 $ - $ 567 $ 1,539 - $ 476 $ 229,781 Commercial 387,897 176 2,935 - 99 3,210 - 220 391,327 Construction 17,695 - 37 - - 37 - - 17,732 Commercial loans 134,018 82 - - 50 132 - - 134,150 Consumer loans 151,309 233 65 - 79 377 - - 151,686 Total $ 918,685 $ 1,218 $ 3,282 $ - $ 795 $ 5,295 - $ 696 $ 924,676
Allowance for Loan Losses and Recorded Investment in Financing Receivables	(In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, December 31, 2019 $ 1,552 $ 4,687 $ 95 $ 949 $ 1,226 $ 8,509 Charge Offs ( 41 ) ( 433 ) — ( 18 ) ( 275 ) ( 767 ) Recoveries 5 10 — 36 31 82 Provision for loan losses 162 2,904 30 242 512 3,850 Ending balance, September 30, 2020 $ 1,678 $ 7,168 $ 125 $ 1,209 $ 1,494 $ 11,674 Ending balance individually evaluated for impairment $ — $ — $ — $ — $ — $ — Ending balance collectively evaluated for impairment $ 1,678 $ 7,168 $ 125 $ 1,209 $ 1,494 $ 11,674 (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, June 30, 2020 $ 1,652 $ 6,079 $ 86 $ 1,076 $ 1,419 $ 10,312 Charge Offs ( 40 ) ( 400 ) - - ( 83 ) ( 523 ) Recoveries 2 4 - 18 11 35 Provision for loan losses 64 1,485 39 115 147 1,850 Ending balance, September 30, 2020 $ 1,678 $ 7,168 $ 125 $ 1,209 $ 1,494 $ 11,674 (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, December 31, 2018 $ 1,328 $ 5,455 $ 93 $ 712 $ 864 $ 8,452 Charge Offs ( 90 ) ( 615 ) — ( 254 ) ( 246 ) ( 1,205 ) Recoveries 20 18 — 31 39 108 Provision for loan losses 310 ( 292 ) 14 454 564 1,050 Ending balance, September 30, 2019 $ 1,568 $ 4,566 $ 107 $ 943 $ 1,221 $ 8,405 Ending balance individually evaluated for impairment $ — $ — $ — $ — $ — $ — Ending balance collectively evaluated for impairment $ 1,568 $ 4,566 $ 107 $ 943 $ 1,221 $ 8,405 (In thousands) Residential Real Estate Commercial Real Estate Construction Commercial Consumer Total Beginning balance, June 30, 2019 $ 1,447 $ 4,694 $ 112 $ 896 $ 1,079 $ 8,228 Charge Offs ( 15 ) — — ( 20 ) ( 111 ) ( 146 ) Recoveries 5 4 — 10 4 23 Provision for loan losses 131 ( 132 ) ( 5 ) 57 249 300 Ending balance, September 30, 2019 $ 1,568 $ 4,566 $ 107 $ 943 $ 1,221 $ 8,405

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Operating Leases [Abstract]
Lease Cost	Operating Weighted-average remaining term 12.4 Weighted-average discount rate 3.20 %
Undiscounted Cash Flows Due	Undiscounted cash flows due (in thousands) Operating 2020 $ 140 2021 561 2022 546 2023 534 2024 544 2025 and thereafter 3,880 Total undiscounted cash flows 6,205 Discount on cash flows ( 1,121 ) Total lease liabilities $ 5,084

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value of Assets and Liabilities [Abstract]
Fair Value, Assets Measured on Recurring Basis	Fair Value Measurement Using Reporting Date Description Total Level 1 Level 2 Level 3 (In thousands) September 30, 2020 Available for Sale: States and political subdivisions $ 53,065 $ - $ 53,065 $ - Corporate obligations 3,063 - 3,063 - Mortgage-backed securities-government sponsored entities 141,308 - 141,308 - Total $ 197,436 $ - $ 197,436 $ - Description Total Level 1 Level 2 Level 3 (In thousands) December 31, 2019 Available for Sale: States and political subdivisions $ 71,305 $ - $ 71,305 $ - Corporate obligations 4,100 - 4,100 - Mortgage-backed securities-government sponsored entities 134,800 - 134,800 - Total $ 210,205 $ - $ 210,205 $ -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis	Fair Value Measurement Using Reporting Date (In thousands) Description Total Level 1 Level 2 Level 3 September 30, 2020 Impaired Loans $ - $ - $ - $ - Foreclosed Real Estate Owned 965 - - 965 December 31, 2019 Impaired Loans $ 1,584 $ - $ - $ 1,584 Foreclosed Real Estate Owned 1,556 - - 1,556
Additional Qualitative Information about Level 3 Assets	Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) September 30, 2020 Impaired loans $ - Appraisal of collateral(1) Appraisal adjustments(2) - Foreclosed real estate owned $ 965 Appraisal of collateral(1) Liquidation Expenses(2) 7.00 % ( 7.00 %) Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2019 Impaired loans $ 1,531 Appraisal of collateral(1) Appraisal adjustments(2) 10.00 % ( 10.00 %) Impaired loans $ 53 Present value of future cash flows Loan discount rate 4.00 - 6.97 % ( 5.55 %) Probability of default 0% Foreclosed real estate owned $ 1,556 Appraisal of collateral(1) Liquidation Expenses(2) 0 - 7.00 % ( 4.34 %) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Fair Value, by Balance Sheet Grouping	Fair Value Measurements at September 30, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 124,440 $ 124,440 $ 124,440 $ - $ - Loans receivable, net 1,402,988 1,494,158 - - 1,494,158 Mortgage servicing rights 324 406 - - 406 Regulatory stock (1) 3,876 3,876 3,876 - - Bank owned life insurance (1) 39,400 39,400 39,400 - - Accrued interest receivable (1) 6,104 6,104 6,104 - - Financial liabilities: Deposits 1,515,922 1,521,857 980,745 - 541,112 Short-term borrowings (1) 69,294 69,294 69,294 - - Other borrowings 46,438 47,567 - - 47,567 Accrued interest payable (1) 2,194 2,194 2,194 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - Fair Value Measurements at December 31, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 15,415 $ 15,415 $ 15,415 $ - $ - Loans receivable, net 916,072 943,143 - - 943,143 Mortgage servicing rights 187 226 - - 226 Regulatory stock (1) 4,844 4,844 4,844 - - Bank owned life insurance (1) 38,763 38,763 38,763 - - Accrued interest receivable (1) 3,719 3,719 3,719 - - Financial liabilities: Deposits 957,529 961,120 596,811 - 364,309 Short-term borrowings (1) 62,256 62,256 62,256 - - Other borrowings 56,438 56,618 - - 56,618 Accrued interest payable (1) 2,432 2,432 2,432 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - (1) This financial instrument is carried at cost, which approximates the fair value of the instrument.

Acquisition of UpState New Yo_2

Acquisition of UpState New York Bancorp, Inc. and USNY Bank (Tables)	9 Months Ended
	Sep. 30, 2020
Acquisition of UpState New York Bancorp, Inc. and USNY Bank. [Abstract]
Summary of Purchase	(Dollars in Thousands, Except Per Share Data) Purchase Price Consideration in Common Stock UpState New York Bancorp, Inc. common shares settled for stock 1,987,206 Exchange Ratio 0.9390 Norwood Financial Corp shares issued 1,865,738 Value assigned to each Norwood Financial Corp common share $ 24.30 Purchase price assigned to UpState New York Bancorp, Inc. common shares $ 45,337 exchanged for Norwood Financial Corp shares Purchase Price Consideration - Cash for Common Stock UpState New York Bancorp, Inc. shares exchanged for cash, excluding fractional shares 220,794 Purchase price paid to each UpState New York Bancorp, Inc. common share exchanged for cash $ 33.33 Purchase price assigned to UpState New York Bancorp, Inc. common shares exchanged for cash $ 7,359 Purchase price additional cash consideration per share 1,479 Purchase price consideration - Cash-in-lieu of Fractional Shares 6 Total Purchase Price $ 54,181 Net Assets Acquired: UpState New York Bancorp, Inc. shareholders' equity $ 44,803 UpState New York Bancorp, Inc. goodwill and intangibles - Total tangible equity 44,803 Adjustments to reflect assets acquired at fair value: Investments ( 112 ) Loans Interest rate 3,982 General credit ( 10,529 ) Specific credit - non-amortizing ( 5,213 ) Specific credit - amortizing ( 1,724 ) Core deposit intangible 409 Deferred loan fees ( 812 ) Premises and equipment ( 1,211 ) Allowance for loan and lease losses 5,982 Deferred tax assets 2,526 Other ( 48 ) Adjustments to reflect liabilities acquired at fair value: Time deposits ( 2,754 ) Net assets acquired 35,299 Goodwill resulting from merger $ 18,882
Schedule of Business Acquisitions, by Acquisition	(In Thousands) Total purchase price $ 54,181 Net assets acquired: Cash $ 24,037 Securities available for sale 13,836 Loans 405,221 Premises and equipment, net 4,318 Regulatory stock 2,487 Accrued interest receivable 1,426 Core deposit intangible 564 Other assets 4,194 Deposits ( 414,113 ) Accrued interest payable ( 175 ) Other liabilities ( 6,496 ) Total identifiable net assets acquired 35,299 Goodwill resulting from UpState New York Bancorp, Inc. Merger $ 18,882
Future Amortization Expense	(In thousands) 2020 $ 37 2021 71 2022 63 2023 56 2024 48 After five years 134 $ 409
Proforma	The following table presents financial information for the former UpState included in the Consolidated Statements of Income from the date of acquisition through September 30, 2020: Actual From Acquisition Date Through September 30,2020 (in thousands) Net interest income after provision for loan losses $ 3,522 Noninterest income $ 151 The following table presents pro forma information for the nine and three-month periods ended September 30, 2020 and 2019, as if the acquisition of UpState had occurred on January 1, 2019. This table has been prepared for comparative purposes only, and is not indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results: Pro Forma Pro Forma Nine Months Ended September 30, Three Months Ended September 30, (In Thousands, Except Per Share Data) 2020 2019 2020 2019 Net interest income after provision for loan losses $ 38,632 $ 38,658 $ 13,480 $ 13,236 Noninterest income 5,443 5,704 2,072 2,089 Net income 14,434 14,759 5,304 5,287 Pro forma earnings per share: Basic $ 1.80 $ 1.84 $ 0.66 $ 0.66 Diluted $ 1.79 $ 1.83 $ 0.66 $ 0.66

Risks and Uncertainties (Tables

Risks and Uncertainties (Tables)	9 Months Ended
	Sep. 30, 2020
Risks and Uncertainties [Abstract]
Summary of Loan Forbearance	Loan Type Number of Loans Balance (in thousands) Real Estate Loans: Residential 117 $ 10,723 Commercial 384 218,891 Agricultural 16 5,267 Construction 24 4,125 Commercial, financial and agricultural 183 23,677 Other agricultural loans — — Consumer loans to individuals 467 10,682 Total 1,191 $ 273,365
Summary Of Loans That Remain In Forbearance	Loan Type Number of Loans Balance (in thousands) Real Estate Loans: Residential 13 $ 1,660 Commercial 162 102,018 Agricultural 12 5,025 Construction 2 982 Commercial, financial and agricultural 88 15,672 Other agricultural loans — — Consumer loans to individuals 37 920 Total 314 $ 126,277

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Noninterest Income (in scope of Topic 606)	$ 1,606	$ 1,461	$ 4,057	$ 4,042
Net realized gains on sales of securities	33	169	71	233
Loan servicing fees	52	15	68	53
Gain on sales of loans	164	15	285	125
Earnings on and proceeds from bank-owned life insurance	217	222	638	630
Noninterest Income (out-of-scope of Topic 606)	466	421	1,062	1,041
Total other income	2,072	1,882	5,119	5,083
Service Charges On Deposit Accounts [Member]
Noninterest Income (in scope of Topic 606)	93	72	278	205
ATM Fees [Member]
Noninterest Income (in scope of Topic 606)	155	106	354	287
Overdraft Fees [Member]
Noninterest Income (in scope of Topic 606)	224	323	715	1,017
Safe Deposit Box Rental [Member]
Noninterest Income (in scope of Topic 606)	26	22	79	71
Loan Related Service Fees [Member]
Noninterest Income (in scope of Topic 606)	282	228	464	451
Debit Card [Member]
Noninterest Income (in scope of Topic 606)	443	370	1,154	1,067
Fiduciary Activities [Member]
Noninterest Income (in scope of Topic 606)	205	167	533	454
Commissions On Mutual Funds And Annuities [Member]
Noninterest Income (in scope of Topic 606)	26	30	89	111
Other Income [Member]
Noninterest Income (in scope of Topic 606)	$ 152	$ 143	$ 391	$ 379

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	112,600	60,650	112,600	60,650
Share price	$ 24.32	$ 31.61	$ 24.32	$ 31.61	$ 38.90

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Weighted Average Shares Outstanding Used in the Computations of Basic and Diluted Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Weighted average shares outstanding	8,073	6,296	6,915	6,293
Less: Unvested restricted shares	(36)	(35)	(36)	(35)
Basic EPS weighted average shares outstanding	8,037	6,261	6,879	6,258
Add: Dilutive effect of stock options and restricted shares	22	48	22	50
Diluted EPS weighted average shares outstanding	8,059	6,309	6,901	6,308

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Granted	0
Share price	$ 24.32	$ 31.61	$ 38.90
Future compensation expense of non-vested restricted stock outstanding	$ 895
Non-vested restricted stock recognition period	4 years 3 months
Compensation expense related to stock options	$ 153	$ 156
Non-vested stock outstanding	36,195	34,615	36,195	34,615
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 250	$ 217
Norwood Financial Corp 2014 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested options granted	$ 51

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock Option Activity) (Details) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Stock-Based Compensation [Abstract]
Options, beginning of year | shares	199,825
Options, Granted | shares	0
Options, Exercised | shares	(4,681)
Options, end of year | shares	195,144	199,825
Options, Exercisable, end of period | shares	168,394
Weighted Average Exercise Price Per Share, Outstanding, beginning of period | $ / shares	$ 24.78
Weighted Average Exercise Price Per Share, Granted | $ / shares
Weighted Average Exercise Price Per Share, Exercised | $ / shares	17.87
Weighted Average Exercise Price Per Share, Outstanding, end of period | $ / shares	24.94	$ 24.78
Weighted Average Exercise Price Per Share, Exercisable, end of period | $ / shares	$ 23.18
Weighted Average Remaining Contractual Term, Granted in Period	2 years 7 months 6 days
Weighted Average Remaining Contractual Term, Outstanding	5 years 2 months 12 days	5 years 10 months 24 days
Weighted Average Remaining Contractual Term, Exercisable at End of Period	4 years 7 months 6 days
Aggregate Intrinsic Value, Outstanding, beginning of period | $	$ 2,823
Aggregate Intrinsic Value, Granted in Period | $	0
Aggregate Intrinsic Value, Outstanding, end of period | $	654	$ 2,823
Aggregate Intrinsic Value, Exercisable at end of period | $	$ 654

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - $ / shares	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Stock-Based Compensation [Abstract]
Restricted stock Non-vested, beginning balance	36,195	34,615	34,615
Restricted stock Non-vested, ending balance	36,195	36,195	34,615
Restricted stock Non-vested, weighted-average grant date fair value, beginning balance	$ 31.65	$ 27.82	$ 27.82
Restricted stock Non-vested, weighted-average grant date fair value, ending balance	$ 31.65	$ 31.65	$ 27.82

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Summary Of Changes In Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 1,187
Other comprehensive (loss) income	$ (117)	$ 703	3,478	$ 6,163
Ending balance	4,665		4,665
Unrealized gains and losses on available-for-sale securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	4,782	440	1,187	(5,020)
Other comprehensive income (loss) before reclassification	(91)	835	3,534	6,346
Other comprehensive (loss) income	(117)	703	3,478	6,163
Ending balance	4,665	1,143	4,665	1,143
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income	(117)	703	3,478	6,163
Amount Reclassified From Accumulated Other Comprehensive Income (Loss) [Member] | Unrealized gains and losses on available-for-sale securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amount reclassified from accumulated other comprehensive (income) loss	$ (26)	$ (132)	$ (56)	$ (183)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Significant Amounts Reclassified Out Of Each Component Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gains on sales of securities	$ 33	$ 169	$ 71	$ 233
Income tax expense	(1,173)	(775)	(2,033)	(1,963)
NET INCOME	4,999	3,907	9,567	10,619
Amount Reclassified From Accumulated Other Comprehensive Income (Loss) [Member] | Unrealized gains and losses on available-for-sale securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gains on sales of securities	33	169	71	233
Income tax expense	(7)	(37)	(15)	(50)
NET INCOME	$ 26	$ 132	$ 56	$ 183

Off-Balance Sheet Financial I_3

Off-Balance Sheet Financial Instruments and Guarantees (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019
Loss Contingencies [Line Items]
Financial instrument commitments	$ 203,733	$ 119,347
Commitments to grant loans [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	76,029	49,806
Unfunded commitments under lines of credit [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	122,050	65,854
Standby letters of credit [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	$ 5,654	$ 3,687

Securities (Narrative) (Details

Securities (Narrative) (Details)	9 Months Ended
	Sep. 30, 2020USD ($)security	Sep. 30, 2019USD ($)
Securities [Abstract]
Debt securities in unrealized loss position in the less than twelve months category | security	8
Debt securities in unrealized loss position in the twelve months or more category | security	0
Impairment of investments | $	$ 0
Pledged Financial Instruments, Not Separately Reported, Securities | $	$ 189,346,000	$ 157,233,000

Securities (Schedule of Amortiz

Securities (Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of Investments [Line Items]
Available for Sale, Fair Value	$ 197,436	$ 210,205
Fixed income [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost	192,586	209,758
Available for Sale, Gross Unrealized Gains	4,897	1,534
Available for Sale, Gross Unrealized Losses	(47)	(1,087)
Available for Sale, Fair Value	197,436	210,205
States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost	51,134	70,015
Available for Sale, Gross Unrealized Gains	1,931	1,293
Available for Sale, Gross Unrealized Losses		(3)
Available for Sale, Fair Value	53,065	71,305
Corporate Obligations [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost	3,038	4,097
Available for Sale, Gross Unrealized Gains	25	3
Available for Sale, Fair Value	3,063	4,100
Mortgage-backed Securities-Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost	138,414	135,646
Available for Sale, Gross Unrealized Gains	2,941	238
Available for Sale, Gross Unrealized Losses	(47)	(1,084)
Available for Sale, Fair Value	$ 141,308	$ 134,800

Securities (Schedule of Investm

Securities (Schedule of Investments' Gross Unrealized Losses and Fair Value Aggregated by Security Type and Length of Time that Individual Securities have been in a Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	$ 20,888	$ 33,711
Less than 12 Months, Unrealized Losses	(47)	(243)
12 Months or More, Fair Value		61,577
12 Months or More, Unrealized Losses		(844)
Total, Fair Value	20,888	95,288
Total, Unrealized Losses	(47)	(1,087)
States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		1,296
Less than 12 Months, Unrealized Losses		(2)
12 Months or More, Fair Value		481
12 Months or More, Unrealized Losses		(1)
Total, Fair Value		1,777
Total, Unrealized Losses		(3)
Mortgage-backed Securities-Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	20,888	32,415
Less than 12 Months, Unrealized Losses	(47)	(241)
12 Months or More, Fair Value		61,096
12 Months or More, Unrealized Losses		(843)
Total, Fair Value	20,888	93,511
Total, Unrealized Losses	$ (47)	$ (1,084)

Securities (Schedule of Amort_2

Securities (Schedule of Amortized Cost and Fair Value Of Debt Securities by Contractual Maturity) (Details) $ in Thousands	Sep. 30, 2020USD ($)
Securities [Abstract]
Available for Sale, Amortized Cost, Due in one year or less	$ 4,348
Available for Sale, Amortized Cost, Due after one year through five years	7,385
Available for Sale, Amortized Cost, Due after five years through ten years	17,958
Available for Sale, Amortized Cost, Due after ten years	24,481
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	54,172
Available for Sale, Amortized Cost, Mortgage-backed securities-government sponsored agencies	138,414
Available for Sale, Amortized Cost, Total	192,586
Available for Sale, Fair Value, Due in one year or less	4,386
Available for Sale, Fair Value, Due after one year through five years	7,447
Available for Sale, Fair Value, Due after five years through ten years	18,415
Available for Sale, Fair Value, Due after ten years	25,880
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	56,128
Available for Sale, Fair Value, Mortgage-backed securities-government sponsored agencies	141,308
Available for Sale, Fair Value, Total	$ 197,436

Securities (Gross Realized Gain

Securities (Gross Realized Gains and Losses on Sales of Securities Available-for-Sale) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Securities [Abstract]
Gross realized gains	$ 33	$ 169	$ 71	$ 233
Net realized gain	33	169	71	233
Proceeds from sale of securities	$ 2,425	$ 19,326	$ 24,497	$ 22,862

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses (Narrative) (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)loanproperty	Dec. 31, 2019USD ($)	Jul. 07, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with credit deterioration	$ 15,410,000
Real Estate Acquired Through Foreclosure	965,000	$ 1,556,000
Impaired Financing Receivable, Related Allowance		417,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default		608,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down		451,000
Loans and Leases Receivable, Gross	1,416,473,000	$ 924,676,000
Allowance for Loan and Lease Losses, Adjustments, Other	(986,000)
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 2,200,000
Loan growth	2.00%	8.75%
Outstanding Balance	$ 15,344,000	$ 793,000
Multiple Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Acquired Through Foreclosure	$ 591,000
Number Of Properties Disposed By Sale | property	1
Commercial Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 119,700,000
Commercial Rentals [Member] | Loans Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk, Percentage	8.50%
Hospitality Lodging Industry [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 117,200,000
Hospitality Lodging Industry [Member] | Loans Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk, Percentage	8.30%
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number Of Properties Under Foreclosure Proceedings | property	3
Mortgage Loans in Process of Foreclosure, Amount	$ 440,000
Loans and Leases Receivable, Gross	263,404,000	229,781,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Related Allowance		417,000
Loans and Leases Receivable, Gross	574,123,000	391,327,000
Troubled Debt Restructured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	91,000	99,000
Impaired Financing Receivable, Related Allowance	$ 0	$ 0
New Loans Identified as Troubled Debt Restructurings, Number of Loans | loan	0
PPP Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance	$ 95,035,000,000,000
Fee income	2,500,000
UpState New York Bancorp, Inc. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets, Fair Value Adjustment	6,937,000
Loans acquired with credit deterioration			$ 15,410,000
Outstanding Balance	15,410,000
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Annual Loan Review threshold, amount	1,500,000
COVID [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 1,500,000

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Loan Losses (Composition of the Loan Portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 1,416,473		$ 924,676
Deferred fees, net	(1,811)		(95)
Total loans receivable	1,414,662		924,581
Allowance for loan losses	(11,674)	$ (10,312)	(8,509)	$ (8,405)	$ (8,228)	$ (8,452)
Net loans receivable	$ 1,402,988		$ 916,072
Percent of Loans	100.00%		100.00%
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 263,404		$ 229,781
Allowance for loan losses	$ (1,678)	(1,652)	$ (1,552)	(1,568)	(1,447)	(1,328)
Percent of Loans	18.60%		24.90%
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 574,123		$ 391,327
Allowance for loan losses	$ (7,168)	(6,079)	$ (4,687)	(4,566)	(4,694)	(5,455)
Percent of Loans	40.50%		42.30%
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 68,340
Percent of Loans	4.80%
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 20,797		$ 17,732
Allowance for loan losses	$ (125)	(86)	$ (95)	(107)	(112)	(93)
Percent of Loans	1.50%		1.90%
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 285,295		$ 134,150
Allowance for loan losses	$ (1,209)	(1,076)	$ (949)	(943)	(896)	(712)
Percent of Loans	20.10%		14.50%
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 42,297
Percent of Loans	3.00%
Consumer Loans To Individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 162,217		$ 151,686
Allowance for loan losses	$ (1,494)	$ (1,419)	$ (1,226)	$ (1,221)	$ (1,079)	$ (864)
Percent of Loans	11.50%		16.40%

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Loan Losses (Information Regarding Loans Acquired and Accounted for in Accordance with ASC 310-30) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans Receivable and Allowance for Loan Losses [Abstract]
Outstanding Balance	$ 15,344	$ 793
Carrying Amount	$ 8,586	$ 696

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Loan Losses (Changes in the Accretable Yield for Purchased Credit Impaired Loans) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Loans Receivable and Allowance for Loan Losses [Abstract]
Balance at beginning of period	$ 97	$ 168
Additions	1,724
Accretion	(179)	(29)
Reclassification and other	(96)
Balance at end of period	$ 1,546	$ 139

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Loan Losses (Components of Purchase Accounting Adjustments Related to Purchased Credit-impaired Loans Acquired) (Details) $ in Thousands	Jul. 07, 2020USD ($)
Loans Receivable and Allowance for Loan Losses [Abstract]
Contractually required principal and interest	$ 15,410
Non-accretable discount	(5,213)
Expected cash flows	10,197
Accretable discount	(1,724)
Estimated fair value	$ 8,473

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Loan Losses (Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 1,654	$ 2,144
Loans acquired with deteriorated credit quality	8,586	696
Collectively evaluated for impairment	1,406,233	921,836
Total Loans	1,416,473	924,676
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	122	476
Collectively evaluated for impairment	263,282	229,305
Total Loans	263,404	229,781
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	1,654	2,144
Loans acquired with deteriorated credit quality	3,771	220
Collectively evaluated for impairment	568,698	388,963
Total Loans	574,123	391,327
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	2,078
Collectively evaluated for impairment	66,262
Total Loans	68,340
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	190
Collectively evaluated for impairment	20,607	17,732
Total Loans	20,797	17,732
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	245
Collectively evaluated for impairment	285,050	134,150
Total Loans	285,295	134,150
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	2,180
Collectively evaluated for impairment	40,117
Total Loans	42,297
Consumer Loans To Individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	162,217	151,686
Total Loans	$ 162,217	$ 151,686

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Loan Losses (Impaired Loans and Related Interest Income by Loan Portfolio Class) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 1,654		$ 1,654		$ 143
Impaired Financing Receivable, with Related Allowance, Recorded Investment					2,001
Impaired Financing Receivable, Recorded Investment					2,144
Unpaid Principal Balance, With no related allowance recorded	2,287		2,287		394
Unpaid Principal Balance, With an allowance recorded					2,001
Unpaid Principal Balance, Total					2,395
Associated Allowance					417
Average Recorded Investment, Total	1,874	$ 633	1,986	$ 759
Interest Income Recognized, Total	2		8	24
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment, Total			1,986	759
Interest Income Recognized, Total			8	$ 24
Commercial Real Estate Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,654		1,654		143
Impaired Financing Receivable, with Related Allowance, Recorded Investment					2,001
Impaired Financing Receivable, Recorded Investment					2,144
Unpaid Principal Balance, With no related allowance recorded	2,287		$ 2,287		394
Unpaid Principal Balance, With an allowance recorded					2,001
Unpaid Principal Balance, Total					2,395
Associated Allowance					$ 417
Average Recorded Investment, Total	1,874	$ 633
Interest Income Recognized, Total	$ 2

Loans Receivable and Allowan_10

Loans Receivable and Allowance for Loan Losses (Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	$ 970,055	$ 525,477
Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount		398,553
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	842,762	509,804
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	18,765	12,516
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	11,839	3,157
Summarized by Performance of Individual Credits [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	446,418	399,199
Summarized by Performance of Individual Credits [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	445,616
Summarized by Performance of Individual Credits [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	802	646
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	574,123	391,327
Commercial Real Estate Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	558,137	376,109
Commercial Real Estate Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	10,341	12,268
Commercial Real Estate Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	5,645	2,950
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	68,340
Agricultural Real Estate Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	5,554
Agricultural Real Estate Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	3,529
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	285,295	134,150
Commercial [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	284,625	133,695
Commercial [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	275	248
Commercial [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	395	207
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	42,297
Other Agricultural Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	2,595
Other Agricultural Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	2,270
Residential Real Estate Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount		229,214
Residential Real Estate Loans [Member] | Summarized by Performance of Individual Credits [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	263,404	229,781
Residential Real Estate Loans [Member] | Summarized by Performance of Individual Credits [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	262,741
Residential Real Estate Loans [Member] | Summarized by Performance of Individual Credits [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	663	567
Construction Real Estate Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount		17,732
Construction Real Estate Loans [Member] | Summarized by Performance of Individual Credits [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	20,797	17,732
Construction Real Estate Loans [Member] | Summarized by Performance of Individual Credits [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	20,797
Consumer Loans To Individuals [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount		151,607
Consumer Loans To Individuals [Member] | Summarized by Performance of Individual Credits [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	162,217	151,686
Consumer Loans To Individuals [Member] | Summarized by Performance of Individual Credits [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	162,078
Consumer Loans To Individuals [Member] | Summarized by Performance of Individual Credits [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	$ 139	$ 79

Loans Receivable and Allowan_11

Loans Receivable and Allowance for Loan Losses (Loan Portfolio Summarized by the Past Due Status) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Current	$ 1,401,327	$ 918,685
Past Due and still accruing	1,000
Non-Accrual	3,044	795
Total Past Due and Non-Accrual	6,560	5,295
Total Loans	1,416,473	924,676
Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	8,586	696
Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	2,126	1,218
Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	390	3,282
Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Current	261,906	227,766
Non-Accrual	663	567
Total Past Due and Non-Accrual	1,376	1,539
Total Loans	263,404	229,781
Residential Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	122	476
Residential Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	443	727
Residential Real Estate Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	270	245
Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Current	568,601	387,897
Non-Accrual	1,280	99
Total Past Due and Non-Accrual	1,751	3,210
Total Loans	574,123	391,327
Commercial Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	3,771	220
Commercial Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	420	176
Commercial Real Estate Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	51	2,935
Agricultural Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Current	65,557
Non-Accrual	676
Total Past Due and Non-Accrual	705
Total Loans	68,340
Agricultural Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	2,078
Agricultural Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	29
Construction Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Current	20,607	17,695
Total Past Due and Non-Accrual		37
Total Loans	20,797	17,732
Construction Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	190
Construction Real Estate Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due		37
Commercial [Member]
Financing Receivable, Past Due [Line Items]
Current	283,130	134,018
Past Due and still accruing	1,000
Non-Accrual	23	50
Total Past Due and Non-Accrual	1,920	132
Total Loans	285,295	134,150
Commercial [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	245
Commercial [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	878	82
Commercial [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	19
Other Agricultural Loans [Member]
Financing Receivable, Past Due [Line Items]
Current	39,844
Non-Accrual	263
Total Past Due and Non-Accrual	273
Total Loans	42,297
Other Agricultural Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	2,180
Other Agricultural Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	10
Consumer Loans To Individuals [Member]
Financing Receivable, Past Due [Line Items]
Current	161,682	151,309
Non-Accrual	139	79
Total Past Due and Non-Accrual	535	377
Total Loans	162,217	151,686
Consumer Loans To Individuals [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	346	233
Consumer Loans To Individuals [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	$ 50	$ 65

Loans Receivable and Allowan_12

Loans Receivable and Allowance for Loan Losses (Allowance for Loan Losses and Recorded Investment in Financing Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	$ 10,312	$ 8,228	$ 8,509	$ 8,452
Charge Offs	(523)	(146)	(767)	(1,205)
Recoveries	35	23	82	108
Provision for loan losses	1,850	300	3,850	1,050
Ending balance,	11,674	8,405	11,674	8,405
Ending balance collectively evaluated for impairment	11,674	8,405	11,674	8,405
Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,652	1,447	1,552	1,328
Charge Offs	(40)	(15)	(41)	(90)
Recoveries	2	5	5	20
Provision for loan losses	64	131	162	310
Ending balance,	1,678	1,568	1,678	1,568
Ending balance collectively evaluated for impairment	1,678	1,568	1,678	1,568
Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	6,079	4,694	4,687	5,455
Charge Offs	(400)		(433)	(615)
Recoveries	4	4	10	18
Provision for loan losses	1,485	(132)	2,904	(292)
Ending balance,	7,168	4,566	7,168	4,566
Ending balance collectively evaluated for impairment	7,168	4,566	7,168	4,566
Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	86	112	95	93
Provision for loan losses	39	(5)	30	14
Ending balance,	125	107	125	107
Ending balance collectively evaluated for impairment	125	107	125	107
Commercial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,076	896	949	712
Charge Offs		(20)	(18)	(254)
Recoveries	18	10	36	31
Provision for loan losses	115	57	242	454
Ending balance,	1,209	943	1,209	943
Ending balance collectively evaluated for impairment	1,209	943	1,209	943
Consumer Loans To Individuals [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,419	1,079	1,226	864
Charge Offs	(83)	(111)	(275)	(246)
Recoveries	11	4	31	39
Provision for loan losses	147	249	512	564
Ending balance,	1,494	1,221	1,494	1,221
Ending balance collectively evaluated for impairment	$ 1,494	$ 1,221	$ 1,494	$ 1,221

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details)	9 Months Ended
	Sep. 30, 2020USD ($)item	Sep. 30, 2019USD ($)
Operating Leases [Abstract]
Number of operating leases | item	8
Lease, Cost | $	$ 425,000	$ 382,000

Operating Leases (Lease Cost) (

Operating Leases (Lease Cost) (Details)	Sep. 30, 2020
Operating Leases [Abstract]
Weighted-average remaining term	12 years 4 months 24 days
Weighted-average discount rate	3.20%

Operating Leases (Undiscounted

Operating Leases (Undiscounted Cash Flows Due) (Details) $ in Thousands	Sep. 30, 2020USD ($)
Operating Leases [Abstract]
2020	$ 140
2021	561
2022	546
2023	534
2024	544
2025 and thereafter	3,880
Total undiscounted cash flows	6,205
Discount on cash flows	(1,121)
Total lease liabilities	$ 5,084

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)loan	Sep. 30, 2020USD ($)loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired loans, with related allowance | loan	2	0
Valuation allowance	$ 417,000
Impaired Loans, Cumulative Charge-Offs	0
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 1,584,000	$ 0

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Fair Value, Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 197,436	$ 210,205
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	197,436	210,205
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	197,436	210,205
States And Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	53,065	71,305
States And Political Subdivisions [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	53,065	71,305
States And Political Subdivisions [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	53,065	71,305
Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,063	4,100
Corporate Obligations [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,063	4,100
Corporate Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,063	4,100
Mortgage-backed Securities-Government Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	141,308	134,800
Mortgage-backed Securities-Government Sponsored Entities [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	141,308	134,800
Mortgage-backed Securities-Government Sponsored Entities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 141,308	$ 134,800

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Fair Value, Assets and Liabilities Measured on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 1,584
Fair Value, Nonrecurring [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		1,584
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		1,584
Fair Value, Nonrecurring [Member] | Foreclosed Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	965	1,556
Fair Value, Nonrecurring [Member] | Foreclosed Real Estate Owned [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 965	$ 1,556

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Additional Qualitative Information about Level 3 Assets) (Details) $ in Thousands	Sep. 30, 2020USD ($)item	Dec. 31, 2019USD ($)item
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 0	$ 1,584
Impaired Loans [Member] | Appraisal of collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $		$ 1,531
Impaired Loans [Member] | Appraisal of collateral [Member] | Measurement Input, Appraised Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input		0.1000
Impaired Loans [Member] | Appraisal of collateral [Member] | Measurement Input, Cost to Sell [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input	0.0700
Impaired Loans [Member] | Present value of future cash flows [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $		$ 53
Impaired Loans [Member] | Minimum [Member] | Present value of future cash flows [Member] | Measurement Input, Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input		0.0400
Impaired Loans [Member] | Maximum [Member] | Present value of future cash flows [Member] | Measurement Input, Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input		0.0697
Impaired Loans [Member] | Weighted Average [Member] | Appraisal of collateral [Member] | Measurement Input, Appraised Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input		0.1000
Impaired Loans [Member] | Weighted Average [Member] | Appraisal of collateral [Member] | Measurement Input, Cost to Sell [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input	0.0700
Impaired Loans [Member] | Weighted Average [Member] | Present value of future cash flows [Member] | Measurement Input, Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input		0.0555
Foreclosed Real Estate Owned [Member] | Appraisal of collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 965	$ 1,556
Foreclosed Real Estate Owned [Member] | Minimum [Member] | Appraisal of collateral [Member] | Measurement Input, Cost to Sell [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input		0
Foreclosed Real Estate Owned [Member] | Maximum [Member] | Appraisal of collateral [Member] | Measurement Input, Cost to Sell [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input		0.0700
Foreclosed Real Estate Owned [Member] | Weighted Average [Member] | Appraisal of collateral [Member] | Measurement Input, Cost to Sell [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input		0.0434

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities (Fair Value, by Balance Sheet Grouping) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents, Fair Value Disclosure	$ 124,440	$ 15,415
Financial assets: Loans receivable, net, Fair Value Disclosure	1,494,158	943,143
Financial assets: Mortgage servicing rights, Fair Value Disclosure	406	226
Financial assets: Regulatory stock, Fair Value Disclosure	3,876	4,844
Financial assets: Bank owned life insurance, Fair Value Disclosure	39,400	38,763
Financial assets: Accrued interest receivable, Fair Value Disclosure	6,104	3,719
Financial liabilities: Deposits, Fair Value Disclosure	1,521,857	961,120
Financial liabilities: Short-term borrowings, Fair Value Disclosure	69,294	62,256
Financial liabilities: Other borrowings, Fair Value Disclosure	47,567	56,618
Financial liabilities: Accrued interest payable, Fair Value Disclosure	2,194	2,432
Financial assets: Cash and cash equivalents	124,440	15,415	$ 20,915	$ 18,348
Financial assets: Loans receivable, net	1,402,988	916,072
Financial assets: Mortgage servicing rights	324	187
Financial assets: Regulatory stock	3,876	4,844
Financial assets: Bank owned life insurance	39,400	38,763
Financial assets: Accrued interest receivable	6,104	3,719
Financial liabilities: Deposits	1,515,922	957,529
Financial liabilities: Short-term borrowings	69,294	62,256
Financial liabilities: Other borrowings	46,438	56,438
Financial liabilities: Accrued interest payable	2,194	2,432
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents, Fair Value Disclosure	124,440	15,415
Financial assets: Regulatory stock, Fair Value Disclosure	3,876	4,844
Financial assets: Bank owned life insurance, Fair Value Disclosure	39,400	38,763
Financial assets: Accrued interest receivable, Fair Value Disclosure	6,104	3,719
Financial liabilities: Deposits, Fair Value Disclosure	980,745	596,811
Financial liabilities: Short-term borrowings, Fair Value Disclosure	69,294	62,256
Financial liabilities: Accrued interest payable, Fair Value Disclosure	2,194	2,432
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Loans receivable, net, Fair Value Disclosure	1,494,158	943,143
Financial assets: Mortgage servicing rights, Fair Value Disclosure	406	226
Financial liabilities: Deposits, Fair Value Disclosure	541,112	364,309
Financial liabilities: Other borrowings, Fair Value Disclosure	$ 47,567	$ 56,618

Acquisition of UpState New Yo_3

Acquisition of UpState New York Bancorp, Inc. and USNY Bank (Narrative) (Details) - USD ($)	Jul. 07, 2020	Sep. 30, 2020	Sep. 30, 2020	Jun. 30, 2020	Jan. 08, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Total Assets		$ 1,842,107,000	$ 1,842,107,000			$ 1,230,610,000
Deposits		1,515,922,000	1,515,922,000			957,529,000
Stockholders’ equity		190,547,000	190,547,000	$ 142,664,000		137,428,000	$ 134,894,000	$ 131,483,000	$ 122,285,000
Loans acquired with credit deterioration		15,410,000	15,410,000
Goodwill resulting from merger		$ 30,213,000	$ 30,213,000			$ 11,331,000
UpState New York Bancorp, Inc. [Member]
Business Acquisition [Line Items]
Total Assets				463,800,000
Deposits				412,800,000
Stockholders’ equity	$ 44,803,000			$ 44,800,000
Conversion of shares					0.9390
Cash paid per share	$ 33.33	$ 0.67	$ 0.67		$ 33.33
Percent exchanged for stock					90.00%
Percent exchanged for cash					10.00%
Payments to Acquire Businesses, Gross		$ 8,845,198
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,865,738	1,865,738
Loans Acquired Without Evidence Of Deterioration, Unpaid Principal Balance	$ 400,127,000
Loans Acquired Without Evidence Of Deterioration, Fair Value	393,580,000
Loans acquired with credit deterioration	15,410,000
Non-accretable difference for credit impaired loans acquired	5,213,000
Goodwill and intangible assets		$ 19,291,000	$ 19,291,000
Goodwill resulting from merger	$ 18,882,000	18,882,000	18,882,000
Asset Impairment Charges			0
Core deposit intangible		409,000	409,000
Accumulated depreciation		$ 19,000	$ 19,000

Acquisition of UpState New Yo_4

Acquisition of UpState New York Bancorp, Inc. and USNY Bank (Schedule of Business Acquisitions, by Acquisition) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 07, 2020	Sep. 30, 2020	Sep. 30, 2020	Jun. 30, 2020	Jan. 08, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Purchase price assigned to Delaware Bancshares, Inc. common shares exchanged for Norwood Financial Corp.		$ 45,337	$ 45,337
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		190,547	190,547	$ 142,664		$ 137,428	$ 134,894	$ 131,483	$ 122,285
Goodwill resulting from merger		$ 30,213	$ 30,213			$ 11,331
UpState New York Bancorp, Inc. [Member]
Business Acquisition [Line Items]
Acquiree shares settled for stock	1,987,206
Exchange Ratio	0.939%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,865,738	1,865,738
Value assigned to acquirer common share, per share	$ 24.30
Purchase price assigned to Delaware Bancshares, Inc. common shares exchanged for Norwood Financial Corp.	$ 45,337
Acquiree shares settled for cash	220,794,000
Business Combination, Cash Paid Per Share	$ 33.33	$ 0.67	$ 0.67		$ 33.33
Purchase price assigned to acquiree shares	$ 7,359
Purchase price additional cash consideration per share	1,479
Cash in lieu of fractional shares	6
Total purchase price	54,181
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	44,803			$ 44,800
Goodwill and intangible assets		$ (19,291)	$ (19,291)
Tangible equity	44,803
Adjustments to investments acquired to fair value	(112)
Adjustments to interest rates on loans acquired to fair value	3,982
Adjustments to general credit on loans acquired to fair value	(10,529)
Adjustments to specific credit - non-amortizing on loans acquired to fair value	(5,213)
Adjustments to specific credit - amortizing on loans acquired to fair value	(1,724)
Adjustments to core deposit intangibles acquired to fair value	409
Adjustments to deferred loan fees acquired to fair value	(812)
Adjustments to premises and equipment acquired to fair value	(1,211)
Adjustments to allowance for loan and lease losses acquired to fair value	5,982
Adjustments to deferred tax assets acquired to fair value	2,526
Adjustments to other assets acquired to fair value	(48)
Adjustments to time deposits acquired to fair value	(2,754)
Net Assets Acquired: Cash	24,037
Net Assets Acquired: Securities available for sale	13,836
Net Assets Acquired: Loans	405,221
Net Assets Acquired: Core deposit intangible	564
Net Assets Acquired: Premises & equipment, net	4,318
Net assets acquired: Regulatory stock	2,487
Net Assets Acquired: Accrued interest receivable	1,426
Net Assets Acquired: Other assets	4,194
Net Assets Acquired: Deposits other than time deposits	(414,113)
Net Assets Acquired: Accrued interest payable	(175)
Net Assets Acquired: Other liabilities	(6,496)
Net Assets Acquired	35,299
Goodwill resulting from merger	$ 18,882	$ 18,882	$ 18,882

Acquisition of UpState New Yo_5

Acquisition of UpState New York Bancorp, Inc. and USNY Bank (Future Amortization Expense) (Details) - UpState New York Bancorp, Inc. [Member] $ in Thousands	Sep. 30, 2020USD ($)
Business Acquisition [Line Items]
2020	$ 37
2021	71
2022	63
2023	56
2024	48
After five years	134
Amortization Expense for the Core Deposit Intangible, Total	$ 409

Acquisition of UpState New Yo_6

Acquisition of UpState New York Bancorp, Inc. and USNY Bank (Proforma) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Business Acquisition [Line Items]
Net interest income	$ 15,330		$ 9,891	$ 34,862	$ 28,773
Non-interest Income	2,072		1,882	5,119	5,083
Net Income	$ 4,999		$ 3,907	$ 9,567	$ 10,619
Earnings Per Share, Basic	$ 0.62		$ 0.62	$ 1.39	$ 1.70
Earnings Per Share, Diluted	$ 0.62		$ 0.62	$ 1.39	$ 1.68
UpState New York Bancorp, Inc. [Member]
Business Acquisition [Line Items]
Net interest income	$ 13,480	$ 3,522	$ 13,236	$ 38,632	$ 38,658
Non-interest Income	2,072	$ 151	2,089	5,443	5,704
Net Income	$ 5,304		$ 5,287	$ 14,434	$ 14,759
Earnings Per Share, Basic	$ 0.66		$ 0.66	$ 1.80	$ 1.84
Earnings Per Share, Diluted	$ 0.66		$ 0.66	$ 1.79	$ 1.83

Risks and Uncertainties (Narrat

Risks and Uncertainties (Narrative) (Details) $ in Millions	Sep. 30, 2020USD ($)loan
Risks and Uncertainties [Abstract]
Number of applications | loan	1,138
PPP loans | $	$ 95

Risks and Uncertainties (Summar

Risks and Uncertainties (Summary of Loan Forbearance) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)loan
Risks And Uncertainties [Line Items]
Number of Loans | loan	1,191
Balance | $	$ 273,365
Residential Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number of Loans | loan	117
Balance | $	$ 10,723
Commercial Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number of Loans | loan	384
Balance | $	$ 218,891
Agricultural Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number of Loans | loan	16
Balance | $	$ 5,267
Construction Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number of Loans | loan	24
Balance | $	$ 4,125
Commercial, Financial And Agricultural [Member]
Risks And Uncertainties [Line Items]
Number of Loans | loan	183
Balance | $	$ 23,677
Consumer Loans To Individuals [Member]
Risks And Uncertainties [Line Items]
Number of Loans | loan	467
Balance | $	$ 10,682

Risks and Uncertainties (Summ_2

Risks and Uncertainties (Summary Of Loans That Remain In Forbearance) (Details) $ in Thousands	Sep. 30, 2020USD ($)loan
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	314
Loans Remaining In Forbearance | $	$ 126,277
Residential Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	13
Loans Remaining In Forbearance | $	$ 1,660
Commercial Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	162
Loans Remaining In Forbearance | $	$ 102,018
Agricultural Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	12
Loans Remaining In Forbearance | $	$ 5,025
Construction Real Estate Loans [Member]
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	2
Loans Remaining In Forbearance | $	$ 982
Commercial, Financial And Agricultural [Member]
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	88
Loans Remaining In Forbearance | $	$ 15,672
Consumer Loans To Individuals [Member]
Risks And Uncertainties [Line Items]
Number Of Remaining Loans In Forbearance | loan	37
Loans Remaining In Forbearance | $	$ 920