Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 03, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2021 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Registrant Name | LCNB Corp. | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity File Number | 001-35292 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 31-1626393 | |
Entity Address, Address Line One | 2 North Broadway | |
Entity Address, City or Town | Lebanon | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 45036 | |
City Area Code | (513) | |
Local Phone Number | 932-1414 | |
Title of 12(b) Security | Common Stock, No Par Value | |
Trading Symbol | LCNB | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 12,500,367 | |
Entity Central Index Key | 0001074902 |
CONSOLIDATED CONDENSED BALANCE
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
ASSETS: | ||
Cash and due from banks | $ 18,411 | $ 17,383 |
Interest-bearing demand deposits | 4,498 | 14,347 |
Total cash and cash equivalents | 22,909 | 31,730 |
Investment securities: | ||
Equity securities with a readily determinable fair value, at fair value | 2,488 | 2,389 |
Equity securities without a readily determinable fair value, at cost | 2,099 | 2,099 |
Debt securities, available-for-sale, at fair value | 310,515 | 209,471 |
Debt securities, held-to-maturity, at cost | 24,242 | 24,810 |
Federal Reserve Bank stock, at cost | 4,652 | 4,652 |
Federal Home Loan Bank stock, at cost | 5,203 | 5,203 |
Loans, net | 1,312,113 | 1,293,693 |
Premises and equipment, net | 35,356 | 35,376 |
Operating Lease, Right-of-Use Asset | 6,730 | 6,274 |
Goodwill | 59,221 | 59,221 |
Core deposit and other intangibles, net | 2,853 | 3,453 |
Bank owned life insurance | 42,685 | 42,149 |
Other assets | 17,209 | 17,027 |
TOTAL ASSETS | 1,856,670 | 1,745,884 |
Deposits: | ||
Noninterest-bearing | 472,830 | 455,073 |
Interest-bearing | 1,104,515 | 1,000,350 |
Total deposits | 1,577,345 | 1,455,423 |
Long-term debt | 15,000 | 22,000 |
Operating Lease, Liability | 6,846 | 6,371 |
Accrued interest and other liabilities | 17,527 | 21,265 |
TOTAL LIABILITIES | 1,616,718 | 1,505,059 |
COMMITMENTS AND CONTINGENT LIABILITIES | $ 0 | $ 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 |
SHAREHOLDERS' EQUITY: | ||
Preferred shares – no par value, authorized 1,000,000 shares, none outstanding | $ 0 | $ 0 |
Common Stock, Value, Issued | 142,791 | 142,443 |
Retained earnings | 120,720 | 115,058 |
Treasury Stock, Value | (25,122) | (20,719) |
Accumulated other comprehensive income, net of taxes | 1,563 | 4,043 |
TOTAL SHAREHOLDERS' EQUITY | 239,952 | 240,825 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,856,670 | 1,745,884 |
Accrued interest receivable | $ 8,395 | $ 8,337 |
Preferred shares, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares, outstanding (in shares) | 12,634,845 | 12,858,325 |
Common Stock, Shares Authorized | 19,000,000 | 19,000,000 |
Common shares, no par value (in dollars per share) | $ 0 | $ 0 |
Common Stock, Shares, Issued | 14,201,728 | 14,163,904 |
Treasury Stock, Shares | 1,566,883 | 1,305,579 |
CONSOLIDATED CONDENSED BALANC_2
CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
SHAREHOLDERS' EQUITY: | ||
Preferred shares, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common shares, no par value (in dollars per share) | $ 0 | $ 0 |
Common Stock, Shares Authorized | 19,000,000 | 19,000,000 |
Common Stock, Shares, Issued | 14,201,728 | 14,163,904 |
Treasury Stock, Shares | 1,566,883 | 1,305,579 |
Common stock, shares, outstanding (in shares) | 12,634,845 | 12,858,325 |
CONSOLIDATED CONDENSED STATEMEN
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
INTEREST INCOME: | ||||
Interest and fees on loans | $ 14,108 | $ 14,822 | $ 28,643 | $ 30,049 |
With a readily determinable fair value | 13 | 13 | 26 | 27 |
Without a readily determinable fair value | 5 | 12 | 11 | 28 |
Taxable | 905 | 667 | 1,623 | 1,617 |
Non-taxable | 218 | 254 | 442 | 539 |
Other investments | 180 | 189 | 219 | 253 |
TOTAL INTEREST INCOME | 15,429 | 15,957 | 30,964 | 32,513 |
INTEREST EXPENSE: | ||||
Interest on deposits | 945 | 1,732 | 1,973 | 3,849 |
Interest on short-term borrowings | 1 | 0 | 2 | 7 |
Interest on long-term debt | 114 | 227 | 248 | 481 |
TOTAL INTEREST EXPENSE | 1,060 | 1,959 | 2,223 | 4,337 |
NET INTEREST INCOME | 14,369 | 13,998 | 28,741 | 28,176 |
(CREDIT) PROVISION FOR LOAN LOSSES | (15) | 16 | (67) | 1,189 |
NET INTEREST INCOME AFTER (CREDIT) PROVISION FOR LOAN LOSSES | 14,384 | 13,982 | 28,808 | 26,987 |
NON-INTEREST INCOME: | ||||
Realized gain from sales of debt securities, available-for-sale | 0 | 0 | 0 | (221) |
Bank owned life insurance income | 269 | 287 | 536 | 888 |
Gains from sales of loans | 151 | 317 | 194 | 437 |
Other operating income | 640 | 277 | 900 | 776 |
TOTAL NON-INTEREST INCOME | 4,314 | 3,319 | 7,779 | 7,158 |
NON-INTEREST EXPENSE: | ||||
Salaries and employee benefits | 7,111 | 6,648 | 13,544 | 13,416 |
Equipment expenses | 443 | 289 | 811 | 576 |
Occupancy expense, net | 729 | 723 | 1,523 | 1,405 |
State financial institutions tax | 437 | 420 | 881 | 856 |
Marketing | 357 | 258 | 625 | 435 |
Amortization of intangibles | 260 | 260 | 517 | 520 |
FDIC insurance premiums, net | 123 | 31 | 236 | 30 |
Contracted services | 623 | 475 | 1,163 | 877 |
Other non-interest expense | 2,125 | 2,012 | 4,400 | 4,073 |
TOTAL NON-INTEREST EXPENSE | 12,208 | 11,116 | 23,700 | 22,188 |
INCOME BEFORE INCOME TAXES | 6,490 | 6,185 | 12,887 | 11,957 |
PROVISION FOR INCOME TAXES | 1,200 | 1,128 | 2,357 | 1,874 |
NET INCOME | $ 5,290 | $ 5,057 | $ 10,530 | $ 10,083 |
Dividends declared per common share (usd per share) | $ 0.19 | $ 0.18 | $ 0.38 | $ 0.36 |
Earnings per common share: | ||||
Basic (usd per share) | 0.41 | 0.39 | 0.82 | 0.78 |
Diluted (usd per share) | $ 0.41 | $ 0.39 | $ 0.82 | $ 0.78 |
Weighted average common shares outstanding: | ||||
Basic (in shares) | 12,743,726 | 12,940,975 | 12,769,131 | 12,933,528 |
Diluted (in shares) | 12,743,726 | 12,941,001 | 12,769,146 | 12,934,158 |
Fiduciary and Trust | ||||
INTEREST EXPENSE: | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 1,735 | $ 1,201 | $ 3,264 | $ 2,304 |
NON-INTEREST INCOME: | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | 1,735 | 1,201 | 3,264 | 2,304 |
Deposit Account | ||||
INTEREST EXPENSE: | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | 1,519 | 1,237 | 2,885 | 2,532 |
NON-INTEREST INCOME: | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 1,519 | $ 1,237 | $ 2,885 | $ 2,532 |
CONSOLIDATED CONDENSED STATEM_2
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 5,290 | $ 5,057 | $ 10,530 | $ 10,083 |
Other comprehensive income (loss): | ||||
Net unrealized (losses) gains on available-for-sale debt securities (net of taxes) | 958 | 711 | (2,483) | 3,369 |
Reclassification adjustment for net realized gains on sales of available-for-sale debt securities included in net income (net of taxes) | 0 | 0 | 0 | (175) |
Change in nonqualified pension plan unrecognized net gain and unrecognized prior service cost (net of taxes) | 2 | 1 | 3 | 1 |
Other comprehensive (loss) income, net of tax | 960 | 712 | (2,480) | 3,195 |
TOTAL COMPREHENSIVE INCOME | $ 6,250 | $ 5,769 | $ 8,050 | $ 13,278 |
CONSOLIDATED CONDENSED STATEM_3
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Other comprehensive income: | ||||
Net unrealized gain (loss) on available-for-sale securities, tax expense (benefit) | $ 255 | $ 190 | $ (660) | $ 896 |
Net realized (gain) loss on sale of available-for-sale securities included in net income, tax (expense) benefit | $ 46 | |||
Change in nonqualified pension plan unrecognized net loss and unrecognized prior service cost, tax benefit | $ (1) | $ (1) |
CONSOLIDATED CONDENSED STATEM_4
CONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Retained Earnings [Member] | Treasury Shares [Member] | Accumulated Other Comprehensive Income [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]Common Stock [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]Retained Earnings [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]Treasury Shares [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]Accumulated Other Comprehensive Income [Member] |
Balance Beginning (in shares) at Dec. 31, 2019 | 12,936,783 | ||||||||
Balance beginning at Dec. 31, 2019 | $ 228,048 | $ 141,791 | $ 104,431 | $ (18,847) | $ 673 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net income | 10,083 | $ 10,083 | |||||||
Other comprehensive income, net of taxes | 3,195 | $ 3,195 | |||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 13,842 | ||||||||
Dividend Reinvestment and Stock Purchase Plan | 208 | $ 208 | |||||||
Exercise of stock options (in shares) | 9,593 | ||||||||
Exercise of stock options | 115 | $ 115 | |||||||
Compensation expense relating to restricted stock (in shares) | 15,661 | ||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 67 | $ 67 | |||||||
Dividends, Common Stock, Cash | (4,669) | (4,669) | |||||||
Balance Ending (in shares) at Jun. 30, 2020 | 12,975,879 | ||||||||
Balance ending at Jun. 30, 2020 | $ 237,047 | $ 142,181 | 109,845 | $ (18,847) | 3,868 | 3,868 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Dividends declared per common share (usd per share) | $ 0.36 | ||||||||
Balance Beginning (in shares) at Mar. 31, 2020 | 12,969,076 | ||||||||
Balance beginning at Mar. 31, 2020 | $ 233,478 | $ 142,046 | $ 107,123 | $ (18,847) | 3,156 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net income | 5,057 | 5,057 | |||||||
Other comprehensive income, net of taxes | 712 | 712 | |||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 6,803 | ||||||||
Dividend Reinvestment and Stock Purchase Plan | 101 | $ 101 | |||||||
Compensation expense relating to restricted stock (in shares) | 0 | ||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 34 | $ 34 | |||||||
Dividends, Common Stock, Cash | (2,335) | (2,335) | |||||||
Balance Ending (in shares) at Jun. 30, 2020 | 12,975,879 | ||||||||
Balance ending at Jun. 30, 2020 | $ 237,047 | $ 142,181 | 109,845 | (18,847) | 3,868 | 3,868 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Dividends declared per common share (usd per share) | $ 0.18 | ||||||||
Balance Beginning (in shares) at Dec. 31, 2020 | 12,858,325 | 12,858,325 | |||||||
Balance beginning at Dec. 31, 2020 | $ 240,825 | $ 142,443 | 115,058 | (20,719) | 4,043 | 4,043 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net income | 10,530 | 10,530 | |||||||
Other comprehensive income, net of taxes | (2,480) | (2,480) | |||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 11,192 | ||||||||
Dividend Reinvestment and Stock Purchase Plan | 199 | $ 199 | |||||||
Exercise of stock options (in shares) | 311 | ||||||||
Exercise of stock options | 4 | $ 4 | |||||||
Compensation expense relating to restricted stock (in shares) | 26,321 | ||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 145 | $ 145 | |||||||
Dividends, Common Stock, Cash | (4,868) | (4,868) | |||||||
Treasury shares purchased (in shares) | (261,304) | ||||||||
Repurchase of common stock | $ (4,403) | (4,403) | |||||||
Balance Ending (in shares) at Jun. 30, 2021 | 12,634,845 | 12,634,845 | |||||||
Balance ending at Jun. 30, 2021 | $ 239,952 | $ 142,791 | 120,720 | (25,122) | 1,563 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Dividends declared per common share (usd per share) | $ 0.38 | ||||||||
Balance Beginning (in shares) at Mar. 31, 2021 | 12,820,108 | ||||||||
Balance beginning at Mar. 31, 2021 | $ 239,246 | $ 142,639 | 117,863 | (21,859) | 603 | $ 603 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Net income | 5,290 | 5,290 | |||||||
Other comprehensive income, net of taxes | 960 | 960 | |||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 5,720 | ||||||||
Dividend Reinvestment and Stock Purchase Plan | 100 | $ 100 | |||||||
Compensation expense relating to restricted stock (in shares) | 0 | ||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 52 | $ 52 | |||||||
Dividends, Common Stock, Cash | (2,433) | (2,433) | |||||||
Treasury shares purchased (in shares) | (190,983) | ||||||||
Repurchase of common stock | $ (3,263) | ||||||||
Balance Ending (in shares) at Jun. 30, 2021 | 12,634,845 | 12,634,845 | |||||||
Balance ending at Jun. 30, 2021 | $ 239,952 | $ 142,791 | $ 120,720 | $ (25,122) | $ 1,563 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Dividends declared per common share (usd per share) | $ 0.19 |
CONSOLIDATED CONDENSED STATEM_5
CONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Common stock dividends (in dollars per share) | $ 0.19 | $ 0.18 | $ 0.38 | $ 0.36 |
CONSOLIDATED CONDENSED STATEM_6
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 10,530 | $ 10,083 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation, amortization, and accretion | 989 | 936 |
Provision (credit) for loan losses | (67) | 1,189 |
Deferred income tax provision | 356 | 126 |
Increase in cash surrender value of bank owned life insurance | (536) | (571) |
Bank Owned Life Insurance Death Benefits In Excess Of Cash Surrender Value | 0 | 317 |
Gain from equity securities | (90) | (453) |
Realized gain from sales of debt securities, available-for-sale | 0 | (221) |
Realized gain from sales of premises and equipment | (5) | (50) |
Realized gain from sales and impairment of other real estate owned and repossessed assets | 0 | (11) |
Origination of mortgage loans for sale | (7,591) | (16,551) |
Realized gains from sales of loans | (194) | (437) |
Proceeds from sales of mortgage loans | 7,690 | 16,821 |
Compensation expense related to restricted stock | 145 | 67 |
Changes in: | ||
Accrued interest receivable | (58) | (4,444) |
Other assets | (180) | (3,529) |
Other liabilities | (3,431) | 2,293 |
TOTAL ADJUSTMENTS | (2,972) | (5,152) |
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES | 7,558 | 4,931 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of equity securities | 0 | 646 |
Proceeds from sales of debt securities, available-for-sale | 0 | 8,786 |
Available-for-sale | 16,592 | 39,560 |
Held-to-maturity | 1,508 | 1,773 |
Purchases of equity securities | (9) | (44) |
Available-for-sale | (121,604) | (20,002) |
Held-to-maturity | (940) | (1,485) |
Net increase in loans | (16,855) | (91,276) |
Proceeds from bank owned life insurance mortality benefits | 0 | 958 |
Proceeds from sale of other real estate owned and repossessed assets | 0 | 208 |
Purchases of premises and equipment | (930) | (1,604) |
Proceeds from sale of premises and equipment | 5 | 225 |
NET CASH FLOWS USED IN INVESTING ACTIVITIES | (122,233) | (62,255) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase in deposits | 121,922 | 90,641 |
Principal payments on long-term debt | (7,000) | (7,000) |
Proceeds from issuance of common stock | 16 | 36 |
Repurchase of common stock | (4,403) | 0 |
Proceeds from exercise of stock options | 4 | 115 |
Cash dividends paid on common stock | (4,685) | (4,497) |
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 105,854 | 79,295 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (8,821) | 21,971 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 31,730 | 20,765 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 22,909 | 42,736 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 2,365 | 4,466 |
Income Taxes Paid | 2,290 | 0 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ 801 | $ 0 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, Unrealized Gains on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total Unrealized Gains and Losses on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total 2021 Balance at beginning of period $ 908 (305) 603 4,349 (306) 4,043 Before reclassifications 958 2 960 (2,483) 3 (2,480) Reclassifications — — — — — — Balance at end of period $ 1,866 (303) 1,563 1,866 (303) 1,563 2020 Balance at beginning of period $ 3,340 (184) 3,156 857 (184) 673 Before reclassifications 711 1 712 3,369 1 3,370 Reclassifications — — — (175) — (175) Balance at end of period $ 4,051 (183) 3,868 4,051 (183) 3,868 Reclassifications out of accumulated other comprehensive income (loss) during the three and six months ended June 30, 2021 and 2020 and the affected line items in the consolidated condensed statements of income were as follows (in thousands): Three Months Ended Six Months Ended Affected Line Item in the Consolidated Condensed Statements of Income 2021 2020 2021 2020 Realized gains from sales of debt securities, available-for-sale $ — — — 221 Net gains from sales of debt securities, available-for-sale Income tax expense — — — 46 Provision for income taxes Reclassification adjustment, net of taxes $ — — — 175 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation Basis of Presentation The accompanying unaudited interim consolidated condensed financial statements include LCNB Corp. and its wholly-owned subsidiaries: LCNB National Bank and LCNB Risk Management, Inc., its captive insurance company. All material intercompany transactions and balances are eliminated in consolidation. The unaudited interim consolidated condensed financial statements have been prepared in accordance with U.S. GAAP for interim financial information and the rules and regulations of the SEC. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation of financial position, results of consolidated operations, and cash flows for the interim periods, as required by Regulation S-X, Rule 8-03. The consolidated condensed balance sheet as of December 31, 2020 has been derived from the audited consolidated balance sheet as of that date. The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year ending December 31, 2021. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements, accounting policies, and financial notes thereto included in LCNB's 2020 Annual Report on Form 10-K filed with the SEC. Accounting Changes |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | Investment Securities The amortized cost and estimated fair value of equity and debt securities at June 30, 2021 and December 31, 2020 are summarized as follows (in thousands): Amortized Unrealized Unrealized Fair June 30, 2021 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 64,317 255 78 64,494 U.S. Agency notes 95,830 587 928 95,489 Corporate bonds 1,900 7 14 1,893 U.S. Agency mortgage-backed securities 98,358 2,123 388 100,093 Municipal securities: Non-taxable 11,725 188 14 11,899 Taxable 36,023 828 204 36,647 $ 308,153 3,988 1,626 310,515 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 20,840 125 — 20,965 Taxable 3,402 22 — 3,424 $ 24,242 147 — 24,389 December 31, 2020 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 2,268 120 — 2,388 U.S. Agency notes 66,983 950 33 67,900 Corporate Bonds 1,200 — 21 1,179 U.S. Agency mortgage-backed securities 88,455 3,180 1 91,634 Municipal securities: Non-taxable 12,651 282 — 12,933 Taxable 32,409 1,031 3 33,437 $ 203,966 5,563 58 209,471 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 21,408 181 — 21,589 Taxable 3,402 6 37 3,371 $ 24,810 187 37 24,960 Information concerning debt securities with gross unrealized losses at June 30, 2021 and December 31, 2020, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (dollars in thousands): Less than Twelve Months Twelve Months or Greater Fair Unrealized Fair Unrealized June 30, 2021 Available-for-Sale: U.S. Treasury notes $ 29,734 78 — — U.S. Agency notes 68,180 928 — — Corporate bonds 1,186 14 — — U.S. Agency mortgage-backed securities 32,947 388 — — Municipal securities: Non-taxable 1,741 14 — — Taxable 13,488 204 — — $ 147,276 1,626 — — December 31, 2020 Available-for-Sale: U.S. Treasury notes $ — — — — U.S. Agency notes 10,674 33 — — Corporate Bonds 679 21 — — U.S. Agency mortgage-backed securities 290 1 — — Municipal securities: Non-taxable 38 — — — Taxable 3,063 3 — — $ 14,744 58 — — Held-to-Maturity: Municipal securities: Non-taxable $ 1 — — Taxable 3,113 37 — — $ 3,114 37 — — Management has determined that the unrealized losses at June 30, 2021 are primarily due to fluctuations in market interest rates and do not reflect credit quality deterioration of the securities. Because LCNB does not have the intent to sell the investments and it is more likely than not that LCNB will not be required to sell the investments before recovery of their amortized cost bases, which may be at maturity, LCNB does not consider these investments to be other-than-temporarily impaired. Contractual maturities of debt securities at June 30, 2021 were as follows (in thousands). Actual maturities may differ from contractual maturities when issuers have the right to call or prepay obligations. Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair Due within one year $ 7,476 7,563 1,830 1,837 Due from one to five years 87,421 88,315 5,641 5,688 Due from five to ten years 113,868 113,528 2,038 2,066 Due after ten years 1,030 1,016 14,733 14,798 209,795 210,422 24,242 24,389 U.S. Agency mortgage-backed securities 98,358 100,093 — — $ 308,153 310,515 24,242 24,389 Debt securities with a market value of $142,938,000 and $118,599,000 at June 30, 2021 and December 31, 2020, respectively, were pledged to secure public deposits and for other purposes required or as permitted by law. Certain information concerning the sale of debt securities, available-for-sale, for the three and six months ended June 30, 2021 and 2020 was as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Proceeds from sales $ — — — 8,786 Gross realized gains — — — 221 Gross realized losses — — — — Realized gains or losses from the sale of securities are computed using the specific identification method. Equity securities with a readily determinable fair value are carried at fair value, with changes in fair value recognized in other operating income in the consolidated condensed statements of income. Equity securities without a readily determinable fair value are measured at cost minus impairment, if any, plus or minus any changes resulting from observable price changes in orderly transactions, as defined, for identical or similar investments of the same issuer. LCNB was not aware of any impairment or observable price change adjustments that needed to be made at June 30, 2021 on its investments in equity securities without a readily determinable fair value. The cost and estimated fair value of equity securities with a readily determinable fair value at June 30, 2021 and December 31, 2020 are summarized as follows (in thousands): June 30, 2021 December 31, 2020 Cost Fair Cost Fair Mutual funds $ 1,403 1,394 1,395 1,402 Equity securities 778 1,094 778 987 Total equity securities with a readily determinable fair value $ 2,181 2,488 2,173 2,389 Certain information concerning changes in fair value of equity securities with a readily determinable fair value for the three and six months ended June 30, 2021 and 2020 is as follows (in thousands): Three Months Ended June 30, Six Months Ended 2021 2020 2021 2020 Net gains (losses) recognized $ (22) 120 90 453 Less net realized gains on equity securities sold — — — 559 Net unrealized gains (losses) recognized and still held at period end $ (22) 120 90 (106) |
Acquired Credit Impaired Loans
Acquired Credit Impaired Loans | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
Acquired Credit Impaired Loans | Acquired Credit Impaired Loans Loans acquired through mergers are recorded at fair value with no carryover of the acquired entity's previously established allowance for loan losses. The excess of expected cash flows over the estimated fair value of acquired loans is recognized as interest income over the remaining contractual lives of the loans using the level yield method. Subsequent decreases in expected cash flows will require additions to the allowance for loan losses. Subsequent improvements in expected cash flows result in the recognition of additional interest income over the then-remaining contractual lives of the loans. Impaired loans acquired are accounted for under ASC 310-30. Factors considered in evaluating whether an acquired loan was impaired include delinquency status and history, updated borrower credit status, collateral information, and updated loan-to-value information. The difference between contractually required payments at the time of acquisition and the cash flows expected to be collected is referred to as the nonaccretable difference. The interest component of the cash flows expected to be collected is referred to as the accretable yield and is recognized as interest income over the remaining contractual life of the loan using the level yield method. Subsequent decreases in expected cash flows will require additions to the allowance for loan losses. Subsequent improvements in expected cash flows will result in a reclassification from the nonaccretable difference to the accretable yield. The following table provides at June 30, 2021 and December 31, 2020 the major classifications of acquired credit impaired loans that are accounted for in accordance with ASC 310-30 (in thousands): June 30, 2021 December 31, 2020 Acquired from First Capital Bancshares, Inc. Commercial & industrial $ 1 1 Commercial, secured by real estate — — Residential real estate 412 449 Other loans, including deposit overdrafts — — Loans, gross 413 450 Less allowance for loan losses — — Loans, net $ 413 450 Acquired from Eaton National Bank & Trust Co. Commercial & industrial $ 324 249 Commercial, secured by real estate 571 601 Residential real estate 530 595 Other loans, including deposit overdrafts 163 184 Loans, gross 1,588 1,629 Less allowance for loan losses — — Loans, net $ 1,588 1,629 Acquired from BNB Bancorp, Inc. Commercial & industrial $ — — Commercial, secured by real estate 738 780 Residential real estate 52 85 Other loans, including deposit overdrafts — — Loans, gross 790 865 Less allowance for loan losses — — Loans, net $ 790 865 Acquired from Columbus First Bancorp, Inc. Commercial & industrial $ 101 112 Commercial, secured by real estate 641 667 Residential real estate 258 1,177 Other loans, including deposit overdrafts — — Loans, gross 1,000 1,956 Less allowance for loan losses — — Loans, net $ 1,000 1,956 Total Commercial & industrial $ 426 362 Commercial, secured by real estate 1,950 2,048 Residential real estate 1,252 2,306 Other loans, including deposit overdrafts 163 184 Loans, gross 3,791 4,900 Less allowance for loan losses — — Loans, net $ 3,791 4,900 The following table provides the outstanding balance and related carrying amount for acquired credit impaired loans at the dates indicated (in thousands): June 30, 2021 December 31, 2020 Outstanding balance $ 4,883 6,128 Carrying amount 3,791 4,900 Activity during the three and six months ended June 30, 2021 and 2020 for the accretable discount related to acquired credit impaired loans is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Accretable discount at beginning of period $ 123 318 182 480 Reclassification from nonaccretable discount to accretable discount 31 29 43 362 Accretion (70) (143) (141) (638) Accretable discount at end of period $ 84 204 84 204 |
Affordable Housing Tax Credit L
Affordable Housing Tax Credit Limited Partnership | 6 Months Ended |
Jun. 30, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Affordable Housing Tax Credit Limited Partnership | Affordable Housing Tax Credit Limited Partnership LCNB is a limited partner in limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit pursuant to Section 42 of the Internal Revenue Code. The purpose of the investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act. The primary activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants. The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at June 30, 2021 and December 31, 2020 (in thousands): June 30, December 31, Affordable housing tax credit investment $ 11,950 12,000 Less amortization 1,752 1,320 Net affordable housing tax credit investment $ 10,198 10,680 Unfunded commitment $ 6,964 8,237 The net affordable housing tax credit investment is included in other assets and the unfunded commitment is included in accrued interest and other liabilities in the consolidated condensed balance sheets. LCNB expects to fund the unfunded commitment over 13.5 years. The following table presents other information relating to LCNB's affordable housing tax credit investments for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Tax credits and other tax benefits recognized $ 260 379 520 538 Tax credit amortization expense included in provision for income taxes 215 137 432 263 |
Borrowings
Borrowings | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Borrowings | Borrowings Borrowings at June 30, 2021 and December 31, 2020 were as follows (dollars in thousands): June 30, 2021 December 31, 2020 Amount Rate Amount Rate FHLB long-term advances 15,000 2.98 % 22,000 2.68 % All advances from the FHLB of Cincinnati are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $310 million and $276 million at June 30, 2021 and December 31, 2020, respectively. Total remaining borrowing capacity at June 30, 2021 was approximately $212.1 million. |
Leases
Leases | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Leases | Leases Lease expenses for offices are included in the consolidated condensed statements of income in net occupancy expense and lease expenses for equipment and ATMs are included in equipment expense. Components of lease expense for the three and six months ended June 30, 2021 were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease expense $ 212 148 427 301 Short-term lease expense 11 15 25 27 Variable lease expense 1 4 2 7 Other 3 5 6 6 Total lease expense $ 227 172 460 341 Other information related to leases at June 30, 2021 were as follows (dollars in thousands): Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 408 Right-of-use assets obtained in exchange for new operating lease liabilities $ 801 Weighted average remaining lease term in years for operating leases 32.0 Weighted average discount rate for operating leases 3.36 % |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Statutory tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) resulting from: Tax exempt interest (0.7) % (0.8) % (0.7) % (0.9) % Tax exempt income on bank owned life insurance (0.9) % (1.0) % (0.9) % (1.6) % Captive insurance premium income (0.8) % (0.7) % (0.7) % (0.7) % Tax benefit from certain provisions of the CARES Act — % — % — % (1.6) % Other, net (0.1) % (0.3) % (0.4) % (0.5) % Effective tax rate 18.5 % 18.2 % 18.3 % 15.7 % |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities | Commitments and Contingent Liabilities LCNB 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. They involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. Exposure to credit loss in the event of nonperformance by the other parties to financial instruments for commitments to extend credit is represented by the contract amount of those instruments. The Bounce Protection product, a customer deposit overdraft program, is offered as a service and does not constitute a contract between the customer and LCNB. LCNB uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Financial instruments whose contract amounts represent off-balance-sheet credit risk at June 30, 2021 and December 31, 2020 were as follows (in thousands): June 30, 2021 December 31, 2020 Commitments to extend credit: Commercial loans $ 34,781 24,581 Other loans Fixed rate 7,922 14,668 Adjustable rate 2,816 4,386 Unused lines of credit: Fixed rate 52,047 24,205 Adjustable rate 152,405 133,073 Unused overdraft protection amounts on demand and NOW accounts 16,686 16,471 Standby letters of credit 55 243 Total commitments $ 266,712 217,627 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. Unused lines of credit include amounts not drawn on line of credit loans. Commitments to extend credit and unused lines of credit generally have fixed expiration dates or other termination clauses. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. These guarantees generally are fully secured and have varying maturities. LCNB evaluates each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management's credit evaluation of the borrower. Collateral held varies, but may include accounts receivable, inventory, residential realty, income-producing commercial property, agricultural property, and property, plant, and equipment. Capital expenditures include the construction or acquisition of new office buildings, improvements to LCNB's offices, purchases of furniture and equipment, and additions or improvements to LCNB's information technology system. Commitments outstanding for capital expenditures as of June 30, 2021 totaled approximately $1,726,000. Management believes that LCNB has sufficient liquidity to fund its lending and capital expenditure commitments. LCNB and its subsidiaries are parties to various claims and proceedings arising in the normal course of business. Management, after consultation with legal counsel, believes that the liabilities, if any, arising from such proceedings and claims will not be material to the consolidated financial position or results of operations. |
Retirement Plans
Retirement Plans | 6 Months Ended |
Jun. 30, 2021 | |
Retirement Benefits [Abstract] | |
Retirement Plans | Retirement Plans LCNB participates in a noncontributory defined benefit multi-employer retirement plan that covers substantially all regular full-time employees hired before January 1, 2009. Employees hired before this date who received a benefit reduction under certain amendments to the defined benefit retirement plan receive an automatic contribution of 5% or 7% of their annual compensation, depending on the sum of an employee's age and vesting service, into their defined contribution plans (401(k) plans), regardless of the contributions made by the employees. These contributions are made annually and these employees do not receive any employer matches to their 401(k) contributions. Employees hired on or after January 1, 2009 receive a 50% employer match on their contributions into the 401(k) plan, up to a maximum LCNB contribution of 3% of each individual employee's annual compensation. Funding and administrative costs of the qualified noncontributory defined benefit retirement plan and 401(k) plan charged to pension and other employee benefits in the consolidated condensed statements of income for the three and six-month period ended June 30, 2021 and 2020 were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Qualified noncontributory defined benefit retirement plan $ 282 271 561 541 401(k) plan 152 147 312 312 Certain highly compensated former employees participate in a nonqualified defined benefit retirement plan. The nonqualified plan ensures that participants receive the full amount of benefits to which they would have been entitled under the noncontributory defined benefit retirement plan in the absence of limits on benefit levels imposed by certain sections of the Internal Revenue Code. This plan is limited to the original participants and no new participants have been added. The components of net periodic pension cost of the nonqualified defined benefit retirement plan for the three and six months ended June 30, 2021 and 2020 are summarized as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Interest cost $ 13 16 26 32 Amortization of unrecognized net loss 2 — 4 — Net periodic pension cost $ 15 16 30 32 Amounts recognized in accumulated other comprehensive income, net of tax, at June 30, 2021 and December 31, 2020 for the nonqualified defined benefit retirement plan consists of (in thousands): June 30, 2021 December 31, 2020 Net actuarial loss $ 303 306 Past service cost — — Total recognized, net of tax $ 303 306 |
Stock Based Compensation
Stock Based Compensation | 6 Months Ended |
Jun. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Stock Based Compensation | Stock Based Compensation LCNB established an Ownership Incentive Plan (the "2002 Plan") during 2002 that allowed for stock-based awards to eligible employees, as determined by the Board of Directors. The awards were made in the form of stock options, share awards, and/or appreciation rights. The 2002 Plan provided for the issuance of up to 200,000 shares of common stock. Options granted under the 2002 Plan vested ratably over a five-year period and expired ten years after the date of grant. The 2002 Plan expired on April 16, 2012. Any outstanding unexercised options, however, continued to be exercisable in accordance with their terms. The 2015 Ownership Incentive Plan (the "2015 Plan") was ratified by LCNB's shareholders at the annual meeting on April 28, 2015 and allows for stock-based awards to eligible employees, as determined by the Compensation Committee of the Board of Directors. Awards may be made in the form of stock options, appreciation rights, restricted shares, and/or restricted share units. The 2015 Plan provides for the issuance of up to 450,000 shares of common stock. The 2015 Plan will terminate on April 28, 2025 and is subject to earlier termination by the Compensation Committee. Stock-based awards may be in the form of treasury shares or newly issued shares. LCNB has not granted stock option awards since 2012. The following table summarizes stock option activity for the periods indicated: Six Months Ended June 30, 2021 2020 Options Weighted Average Exercise Aggregate Intrinsic Value (in thousands) (1) Options Weighted Average Exercise Aggregate Intrinsic Value (in thousands) (1) Outstanding, January 1, 311 $ 12.60 9,904 $ 11.96 Granted — — — — Exercised (311) 12.60 (9,593) 11.94 Expired — — — — Outstanding, June 30, — — $ — 311 12.60 $ 1 Exercisable, June 30, — — $ — 311 12.60 $ 1 (1) Aggregate Intrinsic Value is defined as the amount by which the current market value of the underlying stock exceeds the exercise price of the option. The following table provides information related to stock options exercised during the periods indicated (in thousands): Six Months Ended June 30, 2021 2020 Intrinsic value of options exercised $ 1 46 Cash received from options exercised 4 115 Tax benefit realized from options exercised — 5 Restricted stock awards granted under the 2015 Plan were as follows: 2021 2020 Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value Outstanding, January 1, 28,596 $ 17.42 17,752 $ 18.03 Granted 26,321 16.85 19,211 16.87 Vested (8,817) 17.55 (3,818) 18.45 Forfeited (122) 16.87 (3,550) 16.90 Outstanding, June 30, 45,978 $ 17.07 29,595 $ 17.37 The following table presents expense recorded in salaries and employee benefits for restricted stock awards and the related tax information for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Restricted stock expense $ 52 35 145 68 Tax effect 10 7 30 14 Unrecognized compensation expense for restricted stock awards was $709,000 at June 30, 2021 and is expected to be recognized over a period of 4.7 years. |
Earnings Per Common Share
Earnings Per Common Share | 6 Months Ended |
Jun. 30, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | Earnings per Common Share LCNB has granted restricted stock awards with non-forfeitable dividend rights, which are considered participating securities. Accordingly, earnings per share is computed using the two-class method as required by ASC 260-10-45. Basic earnings per common share is calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period, which excludes the participating securities. Diluted earnings per common share is adjusted for the dilutive effects of stock options, warrants, and restricted stock. The diluted average number of common shares outstanding has been increased for the assumed exercise of stock options and warrants with proceeds used to purchase treasury shares at the average market price for the period. Earnings per share for the three and six months ended June 30, 2021 and 2020 were calculated as follows (dollars in thousands, except share and per share data): Three Months Ended Six Months Ended 2021 2020 2021 2020 Net income $ 5,290 5,057 10,530 10,083 Less allocation of earnings and dividends to participating securities 19 12 38 23 Net income allocated to common shareholders $ 5,271 5,045 10,492 10,060 Weighted average common shares outstanding, gross 12,789,684 12,970,570 12,815,089 12,963,123 Less average participating securities 45,958 29,595 45,958 29,595 Weighted average number of shares outstanding used in the calculation of basic earnings per common share 12,743,726 12,940,975 12,769,131 12,933,528 Add dilutive effect of: Stock options — 26 15 630 Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share 12,743,726 12,941,001 12,769,146 12,934,158 Earnings per common share: Basic $ 0.41 0.39 0.82 0.78 Diluted 0.41 0.39 0.82 0.78 |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements LCNB measures certain assets at fair value using various valuation techniques and assumptions, depending on the nature of the asset. Fair value is defined as the price that would be received from the sale of an asset in an orderly transaction between market participants at the measurement date. The inputs to the valuation techniques used to measure fair value are assigned to one of three broad levels: • Level 1 – quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the reporting date. • Level 2 – inputs other than quoted prices included within level 1 that are observable for the asset or liability either directly or indirectly. Level 2 inputs may include quoted prices for similar assets in active markets, quoted prices for identical assets or liabilities in markets that are not active, inputs other than quoted prices (such as interest rates or yield curves) that are observable for the asset or liability, and inputs that are derived from or corroborated by observable market data. • Level 3 – inputs that are unobservable for the asset or liability. Equity Securities With a Readily Determinable Fair Value Equity securities with a readily determinable fair value are reported at fair value with changes in fair value reported in other operating income in the consolidated condensed statements of income. Fair values for equity securities are determined based on market quotations (level 1). LCNB has invested in two mutual funds that are traded in active markets and their fair values are based on market quotations (level 1). Investments in another two mutual funds are measured at fair value using net asset values ("NAV") and are considered level 1 because the NAVs are determined and published and are the basis for current transactions. Debt Securities, Available-for-Sale The majority of LCNB's financial debt securities are classified as available-for-sale. The securities are reported at fair value with unrealized holding gains and losses reported net of income taxes in accumulated other comprehensive income (loss). LCNB utilizes a pricing service for determining the fair values of its debt securities. Methods and significant assumptions used to estimate fair value were as follows: • Fair value for U.S. Treasury notes are determined based on market quotations (level 1). • Fair values for the other debt securities are calculated using the discounted cash flow method for each security. The discount rates for these cash flows are estimated by the pricing service using rates observed in the market (level 2). Cash flow streams are dependent on estimated prepayment speeds and the overall structure of the securities given existing market conditions. Assets Recorded at Fair Value on a Nonrecurring Basis Assets that may be recorded at fair value on a nonrecurring basis include impaired loans, other real estate owned, and other repossessed assets. A loan is considered impaired when management believes it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement. Impaired loans are carried at the present value of estimated future cash flows using the loan's existing rate or the fair value of collateral if the loan is collateral dependent, if this value is less than the loan balance. These inputs are considered to be level 3. The following table summarizes the valuation of LCNB's assets recorded at fair value by input levels as of June 30, 2021 and December 31, 2020 (in thousands): Fair Value Measurements at the End of Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2021 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 1,094 1,094 — — Mutual funds 54 54 — — Mutual funds measured at net asset value 1,340 1,340 — — Debt securities, available-for-sale: U.S. Treasury notes 64,494 64,494 — — U.S. Agency notes 95,489 — 95,489 — Corporate bonds 1,893 — 1,893 — U.S. Agency mortgage-backed securities 100,093 — 100,093 — Municipal securities: Non-taxable 11,899 — 11,899 — Taxable 36,647 — 36,647 — Total recurring fair value measurements $ 313,003 66,982 246,021 — Nonrecurring fair value measurements: Impaired loans $ 1,065 — — 1,065 Total nonrecurring fair value measurements $ 1,065 — — 1,065 December 31, 2020 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 987 987 — — Mutual funds 50 50 — — Mutual funds measured at net asset value 1,352 1,352 — — Debt securities, available-for-sale: U.S. Treasury notes 2,388 2,388 — — U.S. Agency notes 67,900 — 67,900 — Corporate bonds 1,179 — 1,179 — U.S. Agency mortgage-backed securities 91,634 — 91,634 — Municipal securities: Non-taxable 12,933 — 12,933 — Taxable 33,437 — 33,437 — Total recurring fair value measurements $ 211,860 4,777 207,083 — Nonrecurring fair value measurements: Impaired loans $ 3,439 — — 3,439 Total nonrecurring fair value measurements $ 3,439 — — 3,439 The following table presents quantitative information about unobservable inputs used in nonrecurring level 3 fair value measurements at June 30, 2021 and December 31, 2020 (dollars in thousands): Range Fair Value Valuation Technique Unobservable Inputs High Low Weighted Average June 30, 2021 Impaired loans 1,065 Discounted cash flows Discount rate 8.25 % 4.00 % 6.12 % December 31, 2020 Impaired loans $ 1,352 Estimated sales price Adjustments for comparable properties, discounts to reflect current market conditions Not applicable 2,087 Discounted cash flows Discount rate 8.25 % 4.00 % 4.74 % Carrying amounts and estimated fair values of financial instruments as of June 30, 2021 and December 31, 2020 were as follows (in thousands): Fair Value Measurements at the End of Carrying Fair Quoted Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2021 FINANCIAL ASSETS: Cash and cash equivalents $ 22,909 22,909 22,909 — — Debt securities, held-to-maturity 24,242 24,389 — — 24,389 Federal Reserve Bank stock 4,652 4,652 4,652 — — Federal Home Loan Bank stock 5,203 5,203 5,203 — — Loans, net 1,312,113 1,272,961 — — 1,272,961 Accrued interest receivable 8,395 8,395 — 8,395 — FINANCIAL LIABILITIES: Deposits 1,577,345 1,579,285 1,362,599 216,686 — Long-term debt 15,000 15,437 — 15,437 — Accrued interest payable 311 311 — 311 — December 31, 2020 FINANCIAL ASSETS: Cash and cash equivalents $ 31,730 31,730 31,730 — — Debt securities, held-to-maturity 24,810 24,960 — — 24,960 Federal Reserve Bank stock 4,652 4,652 4,652 — — Federal Home Loan Bank stock 5,203 5,203 5,203 — — Loans, net 1,293,693 1,252,642 — — 1,252,642 Accrued interest receivable 8,337 8,337 — 8,337 — FINANCIAL LIABILITIES: Deposits 1,455,423 1,458,413 1,212,903 245,510 — Long-term debt 22,000 22,595 — 22,595 — Accrued interest payable 452 452 — 452 — The fair values of off-balance-sheet financial instruments such as loan commitments and letters of credit are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements. The fair values of such instruments were not material at June 30, 2021 and December 31, 2020. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements From time to time the FASB issues an ASU to communicate changes to U.S. generally accepted accounting principles. The following information provides brief summaries of newly issued but not yet effective ASUs that could have an effect on LCNB’s financial position or results of consolidated operations: ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ASU No. 2016-13 was issued in June 2016 and, once effective, will significantly change current guidance for recognizing impairment of financial instruments. Current guidance requires an "incurred loss" methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. ASU No. 2016-13 replaces the incurred loss impairment methodology with a new current expected credit loss ("CECL") methodology that reflects expected credit losses over the lives of the loans and requires consideration of a broader range of information to inform credit loss estimates. The ASU requires an organization to estimate all expected credit losses for financial assets measured at amortized cost, including loans and held-to-maturity debt securities, based on historical experience, current conditions, and reasonable and supportable forecasts. Additional disclosures are required. ASU No. 2016-13 also amends the accounting for credit losses on debt securities, available-for-sale, and purchased financial assets with credit deterioration. Under the new guidance, entities will determine whether all or a portion of the unrealized loss on an available-for-sale debt security is a credit loss. Any credit loss will be recognized as an allowance for credit losses on debt securities, available-for-sale, rather than as a direct reduction of the amortized cost basis of the investment, as is currently required. As a result, entities will recognize improvements to estimated credit losses on debt securities, available-for-sale, immediately in earnings rather than as interest income over time, as currently required. ASU No. 2016-13 eliminates the current accounting model for purchased credit impaired loans and debt securities. Instead, purchased financial assets with credit deterioration will be recorded gross of estimated credit losses as of the date of acquisition and the estimated credit losses amounts will be added to the allowance for credit losses. Thereafter, entities will account for additional impairment of such purchased assets using the models listed above. Originally, ASU No. 2016-13 would have taken effect for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. At their meeting on October 16, 2019, FASB approved a final ASU delaying the effective date for several major standards, including ASU No. 2016-13, if certain qualifications are met. The new effective date for SEC filers eligible to be smaller reporting companies ("SRC"), as defined, will be fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. As an SRC, LCNB intends to adopt ASU No. 2016-13 for the fiscal year, and interim periods within the fiscal year, beginning after December 15, 2022. LCNB has created a cross-functional CECL Committee, which reports to the Audit Committee, composed of members from the lending, Wealth Management, and finance departments. During 2017, the CECL Committee selected a vendor to assist in implementation of and ongoing compliance with the new requirements. It has completed analyzing its data collection efforts, selected a calculation model, analyzed its pool segmentation and reporting mechanisms, and has finished back testing in preparation for adoption of the new methodology. While the committee and management expect that the implementation of ASU No. 2016-13 will increase the balance of the allowance for loan losses, they are continuing to evaluate the potential impact on LCNB's results of consolidated operations and financial position. The consolidated financial statement impact of this new standard cannot be reasonably estimated at this time. |
Recent Accounting Pronounceme_2
Recent Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements From time to time the FASB issues an ASU to communicate changes to U.S. generally accepted accounting principles. The following information provides brief summaries of newly issued but not yet effective ASUs that could have an effect on LCNB’s financial position or results of consolidated operations: ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ASU No. 2016-13 was issued in June 2016 and, once effective, will significantly change current guidance for recognizing impairment of financial instruments. Current guidance requires an "incurred loss" methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. ASU No. 2016-13 replaces the incurred loss impairment methodology with a new current expected credit loss ("CECL") methodology that reflects expected credit losses over the lives of the loans and requires consideration of a broader range of information to inform credit loss estimates. The ASU requires an organization to estimate all expected credit losses for financial assets measured at amortized cost, including loans and held-to-maturity debt securities, based on historical experience, current conditions, and reasonable and supportable forecasts. Additional disclosures are required. ASU No. 2016-13 also amends the accounting for credit losses on debt securities, available-for-sale, and purchased financial assets with credit deterioration. Under the new guidance, entities will determine whether all or a portion of the unrealized loss on an available-for-sale debt security is a credit loss. Any credit loss will be recognized as an allowance for credit losses on debt securities, available-for-sale, rather than as a direct reduction of the amortized cost basis of the investment, as is currently required. As a result, entities will recognize improvements to estimated credit losses on debt securities, available-for-sale, immediately in earnings rather than as interest income over time, as currently required. ASU No. 2016-13 eliminates the current accounting model for purchased credit impaired loans and debt securities. Instead, purchased financial assets with credit deterioration will be recorded gross of estimated credit losses as of the date of acquisition and the estimated credit losses amounts will be added to the allowance for credit losses. Thereafter, entities will account for additional impairment of such purchased assets using the models listed above. Originally, ASU No. 2016-13 would have taken effect for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. At their meeting on October 16, 2019, FASB approved a final ASU delaying the effective date for several major standards, including ASU No. 2016-13, if certain qualifications are met. The new effective date for SEC filers eligible to be smaller reporting companies ("SRC"), as defined, will be fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. As an SRC, LCNB intends to adopt ASU No. 2016-13 for the fiscal year, and interim periods within the fiscal year, beginning after December 15, 2022. LCNB has created a cross-functional CECL Committee, which reports to the Audit Committee, composed of members from the lending, Wealth Management, and finance departments. During 2017, the CECL Committee selected a vendor to assist in implementation of and ongoing compliance with the new requirements. It has completed analyzing its data collection efforts, selected a calculation model, analyzed its pool segmentation and reporting mechanisms, and has finished back testing in preparation for adoption of the new methodology. While the committee and management expect that the implementation of ASU No. 2016-13 will increase the balance of the allowance for loan losses, they are continuing to evaluate the potential impact on LCNB's results of consolidated operations and financial position. The consolidated financial statement impact of this new standard cannot be reasonably estimated at this time. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Gain (Loss) on Securities | Certain information concerning changes in fair value of equity securities with a readily determinable fair value for the three and six months ended June 30, 2021 and 2020 is as follows (in thousands): Three Months Ended June 30, Six Months Ended 2021 2020 2021 2020 Net gains (losses) recognized $ (22) 120 90 453 Less net realized gains on equity securities sold — — — 559 Net unrealized gains (losses) recognized and still held at period end $ (22) 120 90 (106) |
Realized Gain (Loss) on Investments | Certain information concerning the sale of debt securities, available-for-sale, for the three and six months ended June 30, 2021 and 2020 was as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Proceeds from sales $ — — — 8,786 Gross realized gains — — — 221 Gross realized losses — — — — |
Marketable Securities | The cost and estimated fair value of equity securities with a readily determinable fair value at June 30, 2021 and December 31, 2020 are summarized as follows (in thousands): June 30, 2021 December 31, 2020 Cost Fair Cost Fair Mutual funds $ 1,403 1,394 1,395 1,402 Equity securities 778 1,094 778 987 Total equity securities with a readily determinable fair value $ 2,181 2,488 2,173 2,389 |
Investments Classified by Contractual Maturity Date | Contractual maturities of debt securities at June 30, 2021 were as follows (in thousands). Actual maturities may differ from contractual maturities when issuers have the right to call or prepay obligations. Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair Due within one year $ 7,476 7,563 1,830 1,837 Due from one to five years 87,421 88,315 5,641 5,688 Due from five to ten years 113,868 113,528 2,038 2,066 Due after ten years 1,030 1,016 14,733 14,798 209,795 210,422 24,242 24,389 U.S. Agency mortgage-backed securities 98,358 100,093 — — $ 308,153 310,515 24,242 24,389 |
Schedule of Unrealized Loss on Investments | Information concerning debt securities with gross unrealized losses at June 30, 2021 and December 31, 2020, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (dollars in thousands): Less than Twelve Months Twelve Months or Greater Fair Unrealized Fair Unrealized June 30, 2021 Available-for-Sale: U.S. Treasury notes $ 29,734 78 — — U.S. Agency notes 68,180 928 — — Corporate bonds 1,186 14 — — U.S. Agency mortgage-backed securities 32,947 388 — — Municipal securities: Non-taxable 1,741 14 — — Taxable 13,488 204 — — $ 147,276 1,626 — — December 31, 2020 Available-for-Sale: U.S. Treasury notes $ — — — — U.S. Agency notes 10,674 33 — — Corporate Bonds 679 21 — — U.S. Agency mortgage-backed securities 290 1 — — Municipal securities: Non-taxable 38 — — — Taxable 3,063 3 — — $ 14,744 58 — — Held-to-Maturity: Municipal securities: Non-taxable $ 1 — — Taxable 3,113 37 — — $ 3,114 37 — — |
Unrealized Gain (Loss) on Investments | The amortized cost and estimated fair value of equity and debt securities at June 30, 2021 and December 31, 2020 are summarized as follows (in thousands): Amortized Unrealized Unrealized Fair June 30, 2021 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 64,317 255 78 64,494 U.S. Agency notes 95,830 587 928 95,489 Corporate bonds 1,900 7 14 1,893 U.S. Agency mortgage-backed securities 98,358 2,123 388 100,093 Municipal securities: Non-taxable 11,725 188 14 11,899 Taxable 36,023 828 204 36,647 $ 308,153 3,988 1,626 310,515 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 20,840 125 — 20,965 Taxable 3,402 22 — 3,424 $ 24,242 147 — 24,389 December 31, 2020 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 2,268 120 — 2,388 U.S. Agency notes 66,983 950 33 67,900 Corporate Bonds 1,200 — 21 1,179 U.S. Agency mortgage-backed securities 88,455 3,180 1 91,634 Municipal securities: Non-taxable 12,651 282 — 12,933 Taxable 32,409 1,031 3 33,437 $ 203,966 5,563 58 209,471 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 21,408 181 — 21,589 Taxable 3,402 6 37 3,371 $ 24,810 187 37 24,960 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
Information About Loans Modified During Period That Were Determined To Be Troubled Debt Restructurings [Table Text Block] | nformation concerning loans that were modified during the six months ended June 30, 2021 and 2020 and that were determined to be troubled debt restructurings follows (in thousands): 2021 2020 Impaired loans without a valuation allowance $ 48 3 Impaired loans with a valuation allowance — — |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Loan modifications that were classified as TDRs during the three and six months ended June 30, 2021 and 2020 were as follows (dollars in thousands): 2021 2020 Number Pre-Modification Recorded Balance Post-Modification Recorded Balance Number of Loans Pre-Modification Recorded Balance Post-Modification Recorded Balance Three Months Ended June 30, Commercial and industrial — $ — — — $ — — Commercial, secured by real estate — — — — — — Residential real estate 1 27 31 — — — Consumer — — — — — — Total 1 $ 27 31 — $ — — Six Months Ended June 30, Commercial & industrial — $ — $ — 1 $ 4 $ 5 Commercial, secured by real estate — — — — — — Residential real estate 2 48 52 — — — Consumer — — — — — — Total 2 $ 48 $ 52 1 $ 4 $ 5 |
Major Classifications of Loans | Major classifications of loans at June 30, 2021 and December 31, 2020 were as follows (in thousands): June 30, 2021 December 31, 2020 Commercial & industrial $ 97,240 100,254 Commercial, secured by real estate 836,085 843,230 Residential real estate 341,447 309,692 Consumer 35,257 36,917 Agricultural 8,765 10,100 Other loans, including deposit overdrafts 369 363 Loans, gross 1,319,163 1,300,556 Deferred origination fees, net (1,398) (1,135) Loans, net of deferred origination fees 1,317,765 1,299,421 Less allowance for loan losses 5,652 5,728 Loans, net $ 1,312,113 1,293,693 |
Non-accrual, Past Due, and Accruing Restructured Loans | Non-accrual, past-due, and accruing restructured loans as of June 30, 2021 and December 31, 2020 were as follows (in thousands): June 30, 2021 December 31, 2020 Non-accrual loans: Commercial, secured by real estate $ 2,092 2,458 Residential real estate 1,246 1,260 Total non-accrual loans 3,338 3,718 Past-due 90 days or more and still accruing — — Total non-accrual and past-due 90 days or more and still accruing 3,338 3,718 Accruing restructured loans 2,964 5,176 Total $ 6,302 8,894 |
Allowance for Loan Losses and Recorded Investments in Loans | The allowance for loan losses for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands): Commercial Commercial, Secured by Residential Consumer Agricultural Other Total Three Months Ended June 30, 2021 Balance, beginning of period $ 957 3,634 919 131 39 (1) 5,679 Provision (credit) charged to expenses 86 109 (223) (8) (2) 23 (15) Losses charged off — — — (2) — (22) (24) Recoveries — — 1 1 — 10 12 Balance, end of period $ 1,043 3,743 697 122 37 10 5,652 Six Months Ended June 30, 2021 Balance, beginning of year $ 816 3,903 837 153 28 (9) 5,728 Provision (credit) charged to expenses 227 (158) (152) (28) 9 35 (67) Losses charged off — (2) (16) (5) — (43) (66) Recoveries — — 28 2 — 27 57 Balance, end of period $ 1,043 3,743 697 122 37 10 5,652 Three Months Ended June 30, 2020 Balance, beginning of period $ 633 3,574 629 129 39 4 5,008 Provision (credit) charged to expenses 72 (109) 68 (10) (13) 8 16 Losses charged off (14) — — (3) — (27) (44) Recoveries — — — 17 — 19 36 Balance, end of period $ 691 3,465 697 133 26 4 5,016 Six Months Ended June 30, 2020 Balance, beginning of year $ 456 2,924 528 99 34 4 4,045 Provision (credit) charged to expenses 231 811 99 31 (8) 25 1,189 Losses charged off (14) (270) (3) (15) — (63) (365) Recoveries 18 — 73 18 — 38 147 Balance, end of period $ 691 3,465 697 133 26 4 5,016 A breakdown of the allowance for loan losses and the loan portfolio by loan segment at June 30, 2021 and December 31, 2020 were as follows (in thousands): Commercial Commercial, Secured by Residential Consumer Agricultural Other Total June 30, 2021 Allowance for loan losses: Individually evaluated for impairment $ 8 14 10 — — — 32 Collectively evaluated for impairment 1,035 3,729 687 122 37 10 5,620 Acquired credit impaired loans — — — — — — Balance, end of period $ 1,043 3,743 697 122 37 10 5,652 Loans: Individually evaluated for impairment $ 175 4,137 1,538 — — — 5,850 Collectively evaluated for impairment 95,838 828,736 339,243 35,371 8,730 206 1,308,124 Acquired credit impaired loans 426 1,950 1,252 — — 163 3,791 Balance, end of period $ 96,439 834,823 342,033 35,371 8,730 369 1,317,765 December 31, 2020 Allowance for loan losses: Individually evaluated for impairment $ 8 17 27 — — — 52 Collectively evaluated for impairment 808 3,886 810 153 28 (9) 5,676 Acquired credit impaired loans — — — — — — — Balance, end of period $ 816 3,903 837 153 28 (9) 5,728 Loans: Individually evaluated for impairment $ 194 6,613 1,641 5 — — 8,453 Collectively evaluated for impairment 99,040 833,548 306,138 37,047 10,116 179 1,286,068 Acquired credit impaired loans 362 2,048 2,306 — — 184 4,900 Balance, end of period $ 99,596 842,209 310,085 37,052 10,116 363 1,299,421 |
Analysis of the Company's Loan Portfolio by Credit Quality Indicators | A breakdown of the loan portfolio by credit quality indicators at June 30, 2021 and December 31, 2020 is as follows (in thousands): Pass OAEM Substandard Doubtful Total June 30, 2021 Commercial & industrial $ 96,218 — 221 — 96,439 Commercial, secured by real estate 797,440 17,079 20,304 — 834,823 Residential real estate 339,331 — 2,702 — 342,033 Consumer 35,371 — — — 35,371 Agricultural 8,730 — — — 8,730 Other 369 — — — 369 Total $ 1,277,459 17,079 23,227 — 1,317,765 December 31, 2020 Commercial & industrial $ 97,391 — 2,205 — 99,596 Commercial, secured by real estate 811,558 9,279 21,372 — 842,209 Residential real estate 306,092 1,005 2,988 — 310,085 Consumer 37,050 — 2 — 37,052 Agricultural 10,116 — — — 10,116 Other 363 — — — 363 Total $ 1,262,570 10,284 26,567 — 1,299,421 |
Loan Portfolio Aging Analysis | A loan portfolio aging analysis at June 30, 2021 and December 31, 2020 is as follows (in thousands): 30-59 Days 60-89 Days Greater Than Total Current Total Loans Total Loans Greater Than June 30, 2021 Commercial & industrial $ — — — — 96,439 96,439 — Commercial, secured by real estate — — 895 895 833,928 834,823 — Residential real estate 6 13 454 473 341,560 342,033 Consumer 4 — — 4 35,367 35,371 — Agricultural — — — — 8,730 8,730 — Other 87 — — 87 282 369 — Total $ 97 13 1,349 1,459 1,316,306 1,317,765 — December 31, 2020 Commercial & industrial $ — — — — 99,596 99,596 — Commercial, secured by real estate 16 — 1,476 1,492 840,717 842,209 — Residential real estate 497 219 675 1,391 308,694 310,085 — Consumer 4 1 — 5 37,047 37,052 — Agricultural — — — — 10,116 10,116 — Other 60 — — 60 303 363 — Total $ 577 220 2,151 2,948 1,296,473 1,299,421 — |
Impaired Loans | Impaired loans, including acquired credit impaired loans, at June 30, 2021 and December 31, 2020 were as follows (in thousands): June 30, 2021 December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & industrial $ 426 679 362 646 Commercial, secured by real estate 5,413 6,407 6,050 6,735 Residential real estate 2,542 2,949 3,261 3,695 Consumer — — 4 4 Agricultural — — — — Other 163 253 184 297 Total $ 8,544 10,288 9,861 11,377 With an allowance recorded: Commercial & industrial $ 175 180 8 194 199 8 Commercial, secured by real estate 674 675 14 2,611 2,908 17 Residential real estate 248 248 10 686 687 27 Consumer — — — 1 1 — Agricultural — — — — — — Other — — — — — — Total $ 1,097 1,103 32 3,492 3,795 52 Total: Commercial & industrial $ 601 859 8 556 845 8 Commercial, secured by real estate 6,087 7,082 14 8,661 9,643 17 Residential real estate 2,790 3,197 10 3,947 4,382 27 Consumer — — — 5 5 — Agricultural — — — — — — Other 163 253 — 184 297 — Total $ 9,641 11,391 32 13,353 15,172 52 The following presents information related to the average recorded investment and interest income recognized on impaired loans, including acquired credit impaired loans, for the three and six months ended June 30, 2021 and 2020 (in thousands): 2021 2020 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Three Months Ended June 30, With no related allowance recorded: Commercial & industrial $ 267 19 1,219 18 Commercial, secured by real estate 6,406 76 5,981 196 Residential real estate 2,909 70 3,026 56 Consumer — — 8 — Agricultural — — — — Other 181 16 247 7 Total $ 9,763 181 10,481 277 With an allowance recorded: Commercial & industrial $ 180 2 216 5 Commercial, secured by real estate 677 8 1,786 11 Residential real estate 251 4 323 5 Consumer — — 3 — Agricultural — — — — Other — — — — Total $ 1,108 14 2,328 21 Total: Commercial & industrial $ 447 21 1,435 23 Commercial, secured by real estate 7,083 84 7,767 207 Residential real estate 3,160 74 3,349 61 Consumer — — 11 — Agricultural — — — — Other 181 16 247 7 Total $ 10,871 195 12,809 298 Six Months Ended June 30, With no related allowance recorded: Commercial & industrial $ 299 44 1,227 289 Commercial, secured by real estate 7,061 201 7,172 530 Residential real estate 3,180 136 3,162 149 Consumer 2 — 14 1 Agricultural — — — — Other 182 30 252 15 Total $ 10,724 411 11,827 984 With an allowance recorded: Commercial & industrial $ 184 5 221 8 Commercial, secured by real estate 680 19 1,799 21 Residential real estate 254 8 327 10 Consumer — — 4 — Agricultural — — — — Other — — — — Total $ 1,118 32 2,351 39 Total: Commercial & industrial $ 483 49 1,448 297 Commercial, secured by real estate 7,741 220 8,971 551 Residential real estate 3,434 144 3,489 159 Consumer 2 — 18 1 Agricultural — — — — Other 182 30 252 15 Total $ 11,842 443 14,178 1,023 |
Schedule of Troubled Debt Restructurings, Modification Type [Table Text Block] |
Acquired Credit Impaired Loans
Acquired Credit Impaired Loans (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
Schedule Of Carrying Values Of Certain Loans Acquired In A Transfer Not Accounted For As Debt Securities | The following table provides at June 30, 2021 and December 31, 2020 the major classifications of acquired credit impaired loans that are accounted for in accordance with ASC 310-30 (in thousands): June 30, 2021 December 31, 2020 Acquired from First Capital Bancshares, Inc. Commercial & industrial $ 1 1 Commercial, secured by real estate — — Residential real estate 412 449 Other loans, including deposit overdrafts — — Loans, gross 413 450 Less allowance for loan losses — — Loans, net $ 413 450 Acquired from Eaton National Bank & Trust Co. Commercial & industrial $ 324 249 Commercial, secured by real estate 571 601 Residential real estate 530 595 Other loans, including deposit overdrafts 163 184 Loans, gross 1,588 1,629 Less allowance for loan losses — — Loans, net $ 1,588 1,629 Acquired from BNB Bancorp, Inc. Commercial & industrial $ — — Commercial, secured by real estate 738 780 Residential real estate 52 85 Other loans, including deposit overdrafts — — Loans, gross 790 865 Less allowance for loan losses — — Loans, net $ 790 865 Acquired from Columbus First Bancorp, Inc. Commercial & industrial $ 101 112 Commercial, secured by real estate 641 667 Residential real estate 258 1,177 Other loans, including deposit overdrafts — — Loans, gross 1,000 1,956 Less allowance for loan losses — — Loans, net $ 1,000 1,956 Total Commercial & industrial $ 426 362 Commercial, secured by real estate 1,950 2,048 Residential real estate 1,252 2,306 Other loans, including deposit overdrafts 163 184 Loans, gross 3,791 4,900 Less allowance for loan losses — — Loans, net $ 3,791 4,900 |
Outstanding and related carrying amount for acquired impaired loans | The following table provides the outstanding balance and related carrying amount for acquired credit impaired loans at the dates indicated (in thousands): June 30, 2021 December 31, 2020 Outstanding balance $ 4,883 6,128 Carrying amount 3,791 4,900 |
Accretable discount related to acquired impaired loans | Activity during the three and six months ended June 30, 2021 and 2020 for the accretable discount related to acquired credit impaired loans is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Accretable discount at beginning of period $ 123 318 182 480 Reclassification from nonaccretable discount to accretable discount 31 29 43 362 Accretion (70) (143) (141) (638) Accretable discount at end of period $ 84 204 84 204 |
Affordable Housing Tax Credit_2
Affordable Housing Tax Credit Limited Partnership (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Activity in Affordable Housing Program Obligation | The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at June 30, 2021 and December 31, 2020 (in thousands): June 30, December 31, Affordable housing tax credit investment $ 11,950 12,000 Less amortization 1,752 1,320 Net affordable housing tax credit investment $ 10,198 10,680 Unfunded commitment $ 6,964 8,237 The following table presents other information relating to LCNB's affordable housing tax credit investments for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Tax credits and other tax benefits recognized $ 260 379 520 538 Tax credit amortization expense included in provision for income taxes 215 137 432 263 |
Borrowings (Tables)
Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Short-term borrowings | orrowings at June 30, 2021 and December 31, 2020 were as follows (dollars in thousands): June 30, 2021 December 31, 2020 Amount Rate Amount Rate FHLB long-term advances 15,000 2.98 % 22,000 2.68 % |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Lease, Cost | Components of lease expense for the three and six months ended June 30, 2021 were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease expense $ 212 148 427 301 Short-term lease expense 11 15 25 27 Variable lease expense 1 4 2 7 Other 3 5 6 6 Total lease expense $ 227 172 460 341 |
Lessee, Leases, Other Information | Other information related to leases at June 30, 2021 were as follows (dollars in thousands): Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 408 Right-of-use assets obtained in exchange for new operating lease liabilities $ 801 Weighted average remaining lease term in years for operating leases 32.0 Weighted average discount rate for operating leases 3.36 % |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
Reconciliation between Statutory Income Tax and Effective Tax Rate | A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Statutory tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) resulting from: Tax exempt interest (0.7) % (0.8) % (0.7) % (0.9) % Tax exempt income on bank owned life insurance (0.9) % (1.0) % (0.9) % (1.6) % Captive insurance premium income (0.8) % (0.7) % (0.7) % (0.7) % Tax benefit from certain provisions of the CARES Act — % — % — % (1.6) % Other, net (0.1) % (0.3) % (0.4) % (0.5) % Effective tax rate 18.5 % 18.2 % 18.3 % 15.7 % |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Financial Instruments Whose Contract Amounts Represent Off-Balance-Sheet Credit Risk | Financial instruments whose contract amounts represent off-balance-sheet credit risk at June 30, 2021 and December 31, 2020 were as follows (in thousands): June 30, 2021 December 31, 2020 Commitments to extend credit: Commercial loans $ 34,781 24,581 Other loans Fixed rate 7,922 14,668 Adjustable rate 2,816 4,386 Unused lines of credit: Fixed rate 52,047 24,205 Adjustable rate 152,405 133,073 Unused overdraft protection amounts on demand and NOW accounts 16,686 16,471 Standby letters of credit 55 243 Total commitments $ 266,712 217,627 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive Income | Changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, Unrealized Gains on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total Unrealized Gains and Losses on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total 2021 Balance at beginning of period $ 908 (305) 603 4,349 (306) 4,043 Before reclassifications 958 2 960 (2,483) 3 (2,480) Reclassifications — — — — — — Balance at end of period $ 1,866 (303) 1,563 1,866 (303) 1,563 2020 Balance at beginning of period $ 3,340 (184) 3,156 857 (184) 673 Before reclassifications 711 1 712 3,369 1 3,370 Reclassifications — — — (175) — (175) Balance at end of period $ 4,051 (183) 3,868 4,051 (183) 3,868 |
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income | Three Months Ended Six Months Ended Affected Line Item in the Consolidated Condensed Statements of Income 2021 2020 2021 2020 Realized gains from sales of debt securities, available-for-sale $ — — — 221 Net gains from sales of debt securities, available-for-sale Income tax expense — — — 46 Provision for income taxes Reclassification adjustment, net of taxes $ — — — 175 |
Retirement Plans (Tables)
Retirement Plans (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Retirement Benefits [Abstract] | |
Summary of Funding and Administrative Cost of Qualified Noncontributory Defined Benefit Retirement Plan and 401(k) Plan Charged to Salaries and Employee Benefits | Funding and administrative costs of the qualified noncontributory defined benefit retirement plan and 401(k) plan charged to pension and other employee benefits in the consolidated condensed statements of income for the three and six-month period ended June 30, 2021 and 2020 were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Qualified noncontributory defined benefit retirement plan $ 282 271 561 541 401(k) plan 152 147 312 312 |
Components of Net Periodic Pension Cost of Nonqualified Defined Benefit Retirement Plan | The components of net periodic pension cost of the nonqualified defined benefit retirement plan for the three and six months ended June 30, 2021 and 2020 are summarized as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Interest cost $ 13 16 26 32 Amortization of unrecognized net loss 2 — 4 — Net periodic pension cost $ 15 16 30 32 |
Amount Recognized in Accumulated Other Comprehensive Income, Net of Deferred Federal Income Taxes for Nonqualified Defined Retirement Plan | Amounts recognized in accumulated other comprehensive income, net of tax, at June 30, 2021 and December 31, 2020 for the nonqualified defined benefit retirement plan consists of (in thousands): June 30, 2021 December 31, 2020 Net actuarial loss $ 303 306 Past service cost — — Total recognized, net of tax $ 303 306 |
Stock Based Compensation (Table
Stock Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Summary of Stock Option Activity | he following table summarizes stock option activity for the periods indicated: Six Months Ended June 30, 2021 2020 Options Weighted Average Exercise Aggregate Intrinsic Value (in thousands) (1) Options Weighted Average Exercise Aggregate Intrinsic Value (in thousands) (1) Outstanding, January 1, 311 $ 12.60 9,904 $ 11.96 Granted — — — — Exercised (311) 12.60 (9,593) 11.94 Expired — — — — Outstanding, June 30, — — $ — 311 12.60 $ 1 Exercisable, June 30, — — $ — 311 12.60 $ 1 (1) Aggregate Intrinsic Value is defined as the amount by which the current market value of the underlying stock exceeds the exercise price of the option. |
Summary of Restricted Stock Awards Activity | Restricted stock awards granted under the 2015 Plan were as follows: 2021 2020 Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value Outstanding, January 1, 28,596 $ 17.42 17,752 $ 18.03 Granted 26,321 16.85 19,211 16.87 Vested (8,817) 17.55 (3,818) 18.45 Forfeited (122) 16.87 (3,550) 16.90 Outstanding, June 30, 45,978 $ 17.07 29,595 $ 17.37 |
Schedule of Information Related to Stock Options Exercised | The following table provides information related to stock options exercised during the periods indicated (in thousands): Six Months Ended June 30, 2021 2020 Intrinsic value of options exercised $ 1 46 Cash received from options exercised 4 115 Tax benefit realized from options exercised — 5 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount | The following table presents expense recorded in salaries and employee benefits for restricted stock awards and the related tax information for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Restricted stock expense $ 52 35 145 68 Tax effect 10 7 30 14 |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Earnings Per Share [Abstract] | |
Computations of Earnings per Common Share | Earnings per share for the three and six months ended June 30, 2021 and 2020 were calculated as follows (dollars in thousands, except share and per share data): Three Months Ended Six Months Ended 2021 2020 2021 2020 Net income $ 5,290 5,057 10,530 10,083 Less allocation of earnings and dividends to participating securities 19 12 38 23 Net income allocated to common shareholders $ 5,271 5,045 10,492 10,060 Weighted average common shares outstanding, gross 12,789,684 12,970,570 12,815,089 12,963,123 Less average participating securities 45,958 29,595 45,958 29,595 Weighted average number of shares outstanding used in the calculation of basic earnings per common share 12,743,726 12,940,975 12,769,131 12,933,528 Add dilutive effect of: Stock options — 26 15 630 Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share 12,743,726 12,941,001 12,769,146 12,934,158 Earnings per common share: Basic $ 0.41 0.39 0.82 0.78 Diluted 0.41 0.39 0.82 0.78 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Summary of Valuation of LCNB's Assets Recorded at Fair Value by Inputs Level | The following table summarizes the valuation of LCNB's assets recorded at fair value by input levels as of June 30, 2021 and December 31, 2020 (in thousands): Fair Value Measurements at the End of Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2021 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 1,094 1,094 — — Mutual funds 54 54 — — Mutual funds measured at net asset value 1,340 1,340 — — Debt securities, available-for-sale: U.S. Treasury notes 64,494 64,494 — — U.S. Agency notes 95,489 — 95,489 — Corporate bonds 1,893 — 1,893 — U.S. Agency mortgage-backed securities 100,093 — 100,093 — Municipal securities: Non-taxable 11,899 — 11,899 — Taxable 36,647 — 36,647 — Total recurring fair value measurements $ 313,003 66,982 246,021 — Nonrecurring fair value measurements: Impaired loans $ 1,065 — — 1,065 Total nonrecurring fair value measurements $ 1,065 — — 1,065 December 31, 2020 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 987 987 — — Mutual funds 50 50 — — Mutual funds measured at net asset value 1,352 1,352 — — Debt securities, available-for-sale: U.S. Treasury notes 2,388 2,388 — — U.S. Agency notes 67,900 — 67,900 — Corporate bonds 1,179 — 1,179 — U.S. Agency mortgage-backed securities 91,634 — 91,634 — Municipal securities: Non-taxable 12,933 — 12,933 — Taxable 33,437 — 33,437 — Total recurring fair value measurements $ 211,860 4,777 207,083 — Nonrecurring fair value measurements: Impaired loans $ 3,439 — — 3,439 Total nonrecurring fair value measurements $ 3,439 — — 3,439 |
Fair Value Measurements Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques | The following table presents quantitative information about unobservable inputs used in nonrecurring level 3 fair value measurements at June 30, 2021 and December 31, 2020 (dollars in thousands): Range Fair Value Valuation Technique Unobservable Inputs High Low Weighted Average June 30, 2021 Impaired loans 1,065 Discounted cash flows Discount rate 8.25 % 4.00 % 6.12 % December 31, 2020 Impaired loans $ 1,352 Estimated sales price Adjustments for comparable properties, discounts to reflect current market conditions Not applicable 2,087 Discounted cash flows Discount rate 8.25 % 4.00 % 4.74 % |
Carrying Amounts and Estimated Fair Values of Financial Instruments | Carrying amounts and estimated fair values of financial instruments as of June 30, 2021 and December 31, 2020 were as follows (in thousands): Fair Value Measurements at the End of Carrying Fair Quoted Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2021 FINANCIAL ASSETS: Cash and cash equivalents $ 22,909 22,909 22,909 — — Debt securities, held-to-maturity 24,242 24,389 — — 24,389 Federal Reserve Bank stock 4,652 4,652 4,652 — — Federal Home Loan Bank stock 5,203 5,203 5,203 — — Loans, net 1,312,113 1,272,961 — — 1,272,961 Accrued interest receivable 8,395 8,395 — 8,395 — FINANCIAL LIABILITIES: Deposits 1,577,345 1,579,285 1,362,599 216,686 — Long-term debt 15,000 15,437 — 15,437 — Accrued interest payable 311 311 — 311 — December 31, 2020 FINANCIAL ASSETS: Cash and cash equivalents $ 31,730 31,730 31,730 — — Debt securities, held-to-maturity 24,810 24,960 — — 24,960 Federal Reserve Bank stock 4,652 4,652 4,652 — — Federal Home Loan Bank stock 5,203 5,203 5,203 — — Loans, net 1,293,693 1,252,642 — — 1,252,642 Accrued interest receivable 8,337 8,337 — 8,337 — FINANCIAL LIABILITIES: Deposits 1,455,423 1,458,413 1,212,903 245,510 — Long-term debt 22,000 22,595 — 22,595 — Accrued interest payable 452 452 — 452 — |
Acquisition (Details)
Acquisition (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Business Acquisition, Equity Interests Issued or Issuable [Line Items] | ||
Common stock, shares, outstanding (in shares) | 12,634,845 | 12,858,325 |
Assets | $ 1,856,670 | $ 1,745,884 |
Interest-bearing demand deposits | 4,498 | 14,347 |
Liabilities | 1,616,718 | 1,505,059 |
Deposits | 1,577,345 | 1,455,423 |
Goodwill | $ 59,221 | $ 59,221 |
Investment Securities, Amortize
Investment Securities, Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-Sale: | ||
Amortized Cost | $ 308,153 | $ 203,966 |
Unrealized Gains | 3,988 | 5,563 |
Unrealized Losses | 1,626 | 58 |
Fair Value | 310,515 | 209,471 |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 24,242 | 24,810 |
Unrealized Gains | 147 | 187 |
Unrealized Losses | 0 | 37 |
Fair Value | 24,389 | 24,960 |
Equity Securities, Amortized Cost Basis | 2,181 | 2,173 |
Equity securities with a readily determinable fair value, at fair value | 2,488 | 2,389 |
U.S. Treasury notes [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 64,317 | 2,268 |
Unrealized Gains | 255 | 120 |
Unrealized Losses | 78 | 0 |
Fair Value | 64,494 | 2,388 |
U.S. Agency notes [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 95,830 | 66,983 |
Unrealized Gains | 587 | 950 |
Unrealized Losses | 928 | 33 |
Fair Value | 95,489 | 67,900 |
U.S. Agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 98,358 | 88,455 |
Unrealized Gains | 2,123 | 3,180 |
Unrealized Losses | 388 | 1 |
Fair Value | 100,093 | 91,634 |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 0 | |
Fair Value | 0 | |
Non-taxable Municipal securities [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 11,725 | 12,651 |
Unrealized Gains | 188 | 282 |
Unrealized Losses | 14 | 0 |
Fair Value | 11,899 | 12,933 |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 20,840 | 21,408 |
Unrealized Gains | 125 | 181 |
Unrealized Losses | 0 | 0 |
Fair Value | 20,965 | 21,589 |
Taxable Municipal securities [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 36,023 | 32,409 |
Unrealized Gains | 828 | 1,031 |
Unrealized Losses | 204 | 3 |
Fair Value | 36,647 | 33,437 |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 3,402 | 3,402 |
Unrealized Gains | 22 | 6 |
Unrealized Losses | 0 | 37 |
Fair Value | 3,424 | 3,371 |
Mutual funds [Member] | ||
Debt Securities, Held-to-Maturity: | ||
Equity Securities, Amortized Cost Basis | 1,403 | 1,395 |
Equity securities with a readily determinable fair value, at fair value | 1,394 | 1,402 |
Equity securities [Member] | ||
Debt Securities, Held-to-Maturity: | ||
Equity Securities, Amortized Cost Basis | 778 | 778 |
Equity securities with a readily determinable fair value, at fair value | 1,094 | 987 |
Corporate Debt Securities | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 1,900 | 1,200 |
Unrealized Gains | 7 | 0 |
Unrealized Losses | 14 | 21 |
Fair Value | $ 1,893 | $ 1,179 |
Investment Securities, Continuo
Investment Securities, Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $ 0 | $ 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 147,276 | 14,744 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,626 | 58 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 3,114 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 37 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
U.S. Agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 32,947 | 290 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 388 | 1 |
Non-taxable Municipal securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 1,741 | 38 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 14 | 0 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 1 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | ||
Taxable Municipal securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 13,488 | 3,063 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 204 | 3 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 3,113 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 37 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 0 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
U.S. Agency notes [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 68,180 | 10,674 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 928 | 33 |
Corporate Debt Securities | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 1,186 | 679 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 14 | 21 |
US Government Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 29,734 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $ 78 | $ 0 |
Investment Securities, Maturiti
Investment Securities, Maturities (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Available-for-Sale, Amortized Cost | ||
Due within one year | $ 7,476,000 | |
Due from one to five years | 87,421,000 | |
Due from five to ten years | 113,868,000 | |
Due after ten years | 1,030,000 | |
Amortized Cost Basis | 209,795,000 | |
Amortized Cost | 308,153,000 | $ 203,966,000 |
Available-for-Sale, Fair Value | ||
Due within one year | 7,563,000 | |
Due from one to five years | 88,315,000 | |
Due from five to ten years | 113,528,000 | |
Due after ten years | 1,016,000 | |
Total available-for-sale, maturities | 210,422,000 | |
Fair Value | 310,515,000 | 209,471,000 |
Held-to-Maturity, Amortized Cost | ||
Due within one year | 1,830,000 | |
Due from one to five years | 5,641,000 | |
Due from five to ten years | 2,038,000 | |
Due after ten years | 14,733,000 | |
Amortized Cost | 24,242,000 | 24,810,000 |
Held-to-Maturity, Fair Value | ||
Due within one year | 1,837,000 | |
Due from one to five years | 5,688,000 | |
Due from five to ten years | 2,066,000 | |
Due after ten years | 14,798,000 | |
Held-to-maturity, fair value | 24,389,000 | 24,960,000 |
Available-for-sale securities pledged as collateral | 142,938,000 | 118,599,000 |
U.S. Agency mortgage-backed securities [Member] | ||
Available-for-Sale, Amortized Cost | ||
Amortized Cost | 98,358,000 | 88,455,000 |
Available-for-Sale, Fair Value | ||
Fair Value | 100,093,000 | $ 91,634,000 |
Held-to-Maturity, Amortized Cost | ||
Amortized Cost | 0 | |
Held-to-Maturity, Fair Value | ||
Held-to-maturity, fair value | $ 0 |
Investment Securities, Equity S
Investment Securities, Equity Securities Changes in Fair Value Recognized in Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Debt and Equity Securities, FV-NI [Line Items] | |||||
Less net realized gains on equity securities sold | $ 0 | $ 0 | $ 0 | $ 559 | |
Net gains (losses) recognized | (22) | 120 | 90 | 453 | |
Equity Securities, Amortized Cost Basis | 2,181 | 2,181 | $ 2,173 | ||
Equity securities with a readily determinable fair value, at fair value | 2,488 | 2,488 | 2,389 | ||
Net unrealized gains (losses) recognized and still held at period end | (22) | $ 120 | 90 | $ (106) | |
Mutual funds [Member] | |||||
Debt and Equity Securities, FV-NI [Line Items] | |||||
Equity Securities, Amortized Cost Basis | 1,403 | 1,403 | 1,395 | ||
Equity securities with a readily determinable fair value, at fair value | 1,394 | 1,394 | 1,402 | ||
Equity securities [Member] | |||||
Debt and Equity Securities, FV-NI [Line Items] | |||||
Equity Securities, Amortized Cost Basis | 778 | 778 | 778 | ||
Equity securities with a readily determinable fair value, at fair value | $ 1,094 | $ 1,094 | $ 987 |
Investment Securities Schedule
Investment Securities Schedule of debt securities with a market value (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Proceeds from sales of debt securities, available-for-sale | $ 0 | $ 0 | $ 0 | $ 8,786 |
Gross realized gains | 0 | 0 | 0 | 221 |
Gross realized losses | $ 0 | $ 0 | $ 0 | $ 0 |
Loans, Major Classifications of
Loans, Major Classifications of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | $ 1,319,163 | $ 1,300,556 | ||||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums | (1,398) | (1,135) | ||||
Loans gross | 1,317,765 | 1,299,421 | ||||
Allowance for loan losses | 5,652 | $ 5,679 | 5,728 | $ 5,016 | $ 5,008 | $ 4,045 |
Total | 1,312,113 | 1,293,693 | ||||
Commercial and industrial [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | 97,240 | 100,254 | ||||
Loans gross | 96,439 | 99,596 | ||||
Allowance for loan losses | 1,043 | 957 | 816 | 691 | 633 | 456 |
Commercial, secured by real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | 836,085 | 843,230 | ||||
Loans gross | 834,823 | 842,209 | ||||
Allowance for loan losses | 3,743 | 3,634 | 3,903 | 3,465 | 3,574 | 2,924 |
Residential real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | 341,447 | 309,692 | ||||
Loans gross | 342,033 | 310,085 | ||||
Allowance for loan losses | 697 | 919 | 837 | 697 | 629 | 528 |
Consumer [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | 35,257 | 36,917 | ||||
Loans gross | 35,371 | 37,052 | ||||
Allowance for loan losses | 122 | 131 | 153 | 133 | 129 | 99 |
Agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | 8,765 | 10,100 | ||||
Loans gross | 8,730 | 10,116 | ||||
Allowance for loan losses | 37 | 39 | 28 | 26 | 39 | 34 |
Other loans, including deposit overdrafts [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, gross | 369 | 363 | ||||
Loans gross | 369 | 363 | ||||
Allowance for loan losses | $ 10 | $ (1) | $ (9) | $ 4 | $ 4 | $ 4 |
Loans, Additional Information (
Loans, Additional Information (Details) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2021Bank_Loan | Jun. 30, 2021USD ($)Bank_Loan | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Troubled debt restructurings that subsequently defaulted within 12 months of the restructuring date | $ 0 | $ 0 | ||
Mortgage loans secured by residential real estate that were in the process of foreclosure | 454,000 | |||
Financing Receivable, Short-Term Modifications At End Of Period | 0 | $ 1,553,000 | ||
Financing Receivable, CARES Act Section 4013 Modifications, Dollar Amount, End Of Period | 10,404,000 | 19,023,000 | ||
Loans and Leases Receivable, before Fees, Gross | 1,319,163,000 | 1,300,556,000 | ||
Federal Home Loan Mortgage Corporation and Other Investors [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Unpaid principal balance of loans serviced for others | 126,924,000 | 137,188,000 | ||
Commercial and industrial [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, before Fees, Gross | $ 97,240,000 | 100,254,000 | ||
Commercial and industrial [Member] | Minimum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Maturity Period | 1 year | |||
Commercial and industrial [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, Maturity Period | 10 years | |||
Commercial, secured by real estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, before Fees, Gross | $ 836,085,000 | 843,230,000 | ||
Commercial, secured by real estate [Member] | Minimum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Adjustable rate period | 1 year | |||
Amortization period | 5 years | |||
Balloon payments period | 1 year | |||
Loan to appraised value ratio | 75.00% | |||
Commercial, secured by real estate [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Adjustable rate period | 10 years | |||
Amortization period | 25 years | |||
Balloon payments period | 10 years | |||
Loan to appraised value ratio | 85.00% | |||
Residential real estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Home equity line of credit draw period | 5 years | |||
Loans and Leases Receivable, before Fees, Gross | $ 341,447,000 | 309,692,000 | ||
Residential real estate [Member] | Minimum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Adjustable rate period | 1 year | |||
Amortization period | 5 years | |||
Loan to appraised value ratio | 80.00% | |||
Residential real estate [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Adjustable rate period | 15 years | |||
Amortization period | 30 years | |||
Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and Leases Receivable, before Fees, Gross | $ 35,257,000 | $ 36,917,000 | ||
Consumer [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortization period | 72 months | |||
Paycheck Protection Program Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, Interest Rate | 1.00% | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | $ 45,500,000 | |||
Financing Receivable, Year One, Originated, Current Fiscal Year | 38,300,000 | |||
Loans and Leases Receivable, before Fees, Gross | $ 23,800,000 | |||
Financing Receivable, Number Of Contracts | Bank_Loan | 316 | 358 | ||
Paycheck Protection Program Loans [Member] | Minimum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortization period | 2 years | |||
Paycheck Protection Program Loans [Member] | Maximum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortization period | 5 years |
Loans, Past Due And Accruing Re
Loans, Past Due And Accruing Restructured (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Total non-accrual loans | $ 3,338 | $ 3,718 |
Past-due 90 days or more and still accruing | 0 | 0 |
Total non-accrual and past-due 90 days or more and still accruing | 3,338 | 3,718 |
Accruing restructured loans | 2,964 | 5,176 |
Total | 6,302 | 8,894 |
Commercial Secured By Real Estate [Member] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Total non-accrual loans | 2,092 | 2,458 |
Residential Real Estate [Member] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Total non-accrual loans | $ 1,246 | $ 1,260 |
Loans, Allowance for Loan Losse
Loans, Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 5,679 | $ 5,008 | $ 5,728 | $ 4,045 |
Provision (credit) charged to expenses | (15) | 16 | (67) | 1,189 |
Losses charged off | (24) | (44) | (66) | (365) |
Recoveries | 12 | 36 | 57 | 147 |
Balance, end of period | 5,652 | 5,016 | 5,652 | 5,016 |
Commercial and industrial [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | 957 | 633 | 816 | 456 |
Provision (credit) charged to expenses | 86 | 72 | 227 | 231 |
Losses charged off | 0 | (14) | 0 | (14) |
Recoveries | 0 | 0 | 0 | 18 |
Balance, end of period | 1,043 | 691 | 1,043 | 691 |
Commercial Secured By Real Estate [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | 3,634 | 3,574 | 3,903 | 2,924 |
Provision (credit) charged to expenses | 109 | (109) | (158) | 811 |
Losses charged off | 0 | 0 | (2) | (270) |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 3,743 | 3,465 | 3,743 | 3,465 |
Residential Real Estate [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | 919 | 629 | 837 | 528 |
Provision (credit) charged to expenses | (223) | 68 | (152) | 99 |
Losses charged off | 0 | 0 | (16) | (3) |
Recoveries | 1 | 0 | 28 | 73 |
Balance, end of period | 697 | 697 | 697 | 697 |
Consumer [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | 131 | 129 | 153 | 99 |
Provision (credit) charged to expenses | (8) | (10) | (28) | 31 |
Losses charged off | (2) | (3) | (5) | (15) |
Recoveries | 1 | 17 | 2 | 18 |
Balance, end of period | 122 | 133 | 122 | 133 |
Agricultural [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | 39 | 39 | 28 | 34 |
Provision (credit) charged to expenses | (2) | (13) | 9 | (8) |
Losses charged off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 37 | 26 | 37 | 26 |
Other [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | (1) | 4 | (9) | 4 |
Provision (credit) charged to expenses | 23 | 8 | 35 | 25 |
Losses charged off | (22) | (27) | (43) | (63) |
Recoveries | 10 | 19 | 27 | 38 |
Balance, end of period | $ 10 | $ 4 | $ 10 | $ 4 |
Loans, Allowance for Loan Los_2
Loans, Allowance for Loan Losses and Loan Portfolio by Segment (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Allowance for loan losses: | ||||||
Individually evaluated for impairment | $ 32 | $ 52 | ||||
Collectively evaluated for impairment | 5,620 | 5,676 | ||||
Acquired credit impaired loans | 0 | 0 | ||||
Allowance for loan losses | 5,652 | $ 5,679 | 5,728 | $ 5,016 | $ 5,008 | $ 4,045 |
Loans: | ||||||
Individually evaluated for impairment | 5,850 | 8,453 | ||||
Collectively evaluated for impairment | 1,308,124 | 1,286,068 | ||||
Acquired credit impaired loans | 3,791 | 4,900 | ||||
Loans gross | 1,317,765 | 1,299,421 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 3,791 | 4,900 | ||||
Commercial and industrial [Member] | ||||||
Allowance for loan losses: | ||||||
Individually evaluated for impairment | 8 | 8 | ||||
Collectively evaluated for impairment | 1,035 | 808 | ||||
Acquired credit impaired loans | 0 | 0 | ||||
Allowance for loan losses | 1,043 | 957 | 816 | 691 | 633 | 456 |
Loans: | ||||||
Individually evaluated for impairment | 175 | 194 | ||||
Collectively evaluated for impairment | 95,838 | 99,040 | ||||
Loans gross | 96,439 | 99,596 | ||||
Commercial and industrial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 426 | 362 | ||||
Commercial Secured By Real Estate [Member] | ||||||
Allowance for loan losses: | ||||||
Individually evaluated for impairment | 14 | 17 | ||||
Collectively evaluated for impairment | 3,729 | 3,886 | ||||
Acquired credit impaired loans | 0 | 0 | ||||
Allowance for loan losses | 3,743 | 3,634 | 3,903 | 3,465 | 3,574 | 2,924 |
Loans: | ||||||
Individually evaluated for impairment | 4,137 | 6,613 | ||||
Collectively evaluated for impairment | 828,736 | 833,548 | ||||
Loans gross | 834,823 | 842,209 | ||||
Commercial Secured By Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 1,950 | 2,048 | ||||
Residential Real Estate [Member] | ||||||
Allowance for loan losses: | ||||||
Individually evaluated for impairment | 10 | 27 | ||||
Collectively evaluated for impairment | 687 | 810 | ||||
Acquired credit impaired loans | 0 | 0 | ||||
Allowance for loan losses | 697 | 919 | 837 | 697 | 629 | 528 |
Loans: | ||||||
Individually evaluated for impairment | 1,538 | 1,641 | ||||
Collectively evaluated for impairment | 339,243 | 306,138 | ||||
Loans gross | 342,033 | 310,085 | ||||
Residential Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 1,252 | 2,306 | ||||
Consumer [Member] | ||||||
Allowance for loan losses: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 122 | 153 | ||||
Acquired credit impaired loans | 0 | 0 | ||||
Allowance for loan losses | 122 | 131 | 153 | 133 | 129 | 99 |
Loans: | ||||||
Individually evaluated for impairment | 0 | 5 | ||||
Collectively evaluated for impairment | 35,371 | 37,047 | ||||
Loans gross | 35,371 | 37,052 | ||||
Consumer [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 0 | 0 | ||||
Agricultural [Member] | ||||||
Allowance for loan losses: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 37 | 28 | ||||
Acquired credit impaired loans | 0 | 0 | ||||
Allowance for loan losses | 37 | 39 | 28 | 26 | 39 | 34 |
Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 8,730 | 10,116 | ||||
Loans gross | 8,730 | 10,116 | ||||
Agricultural [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 0 | 0 | ||||
Other [Member] | ||||||
Allowance for loan losses: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 10 | (9) | ||||
Acquired credit impaired loans | 0 | |||||
Allowance for loan losses | 10 | $ (1) | (9) | $ 4 | $ 4 | $ 4 |
Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 206 | 179 | ||||
Loans gross | 369 | 363 | ||||
Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | $ 163 | $ 184 |
Loans, Loans Portfolio by Credi
Loans, Loans Portfolio by Credit Quality Indicators (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | $ 1,317,765 | $ 1,299,421 |
Commercial and industrial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 96,439 | 99,596 |
Commercial, secured by real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 834,823 | 842,209 |
Residential real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 342,033 | 310,085 |
Consumer [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 35,371 | 37,052 |
Agricultural [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 8,730 | 10,116 |
Other [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 369 | 363 |
Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 1,277,459 | 1,262,570 |
Pass [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 96,218 | 97,391 |
Pass [Member] | Commercial, secured by real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 797,440 | 811,558 |
Pass [Member] | Residential real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 339,331 | 306,092 |
Pass [Member] | Consumer [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 35,371 | 37,050 |
Pass [Member] | Agricultural [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 8,730 | 10,116 |
Pass [Member] | Other [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 369 | 363 |
OAEM [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 17,079 | 10,284 |
OAEM [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
OAEM [Member] | Commercial, secured by real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 17,079 | 9,279 |
OAEM [Member] | Residential real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 1,005 |
OAEM [Member] | Consumer [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
OAEM [Member] | Agricultural [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
OAEM [Member] | Other [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 23,227 | 26,567 |
Substandard [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 221 | 2,205 |
Substandard [Member] | Commercial, secured by real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 20,304 | 21,372 |
Substandard [Member] | Residential real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 2,702 | 2,988 |
Substandard [Member] | Consumer [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 2 |
Substandard [Member] | Agricultural [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Substandard [Member] | Other [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | Commercial and industrial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | Commercial, secured by real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | Residential real estate [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | Consumer [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | Agricultural [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | 0 | 0 |
Doubtful [Member] | Other [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Loans, net of deferred origination costs (fees) | $ 0 | $ 0 |
Loans, Loans Portfolio Aging An
Loans, Loans Portfolio Aging Analysis (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Past Due [Line Items] | ||
Loans gross | $ 1,317,765 | $ 1,299,421 |
Total Loans Greater Than 90 Days and Accruing | 0 | 0 |
Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,459 | 2,948 |
30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 97 | 577 |
60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 13 | 220 |
Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,349 | 2,151 |
Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,316,306 | 1,296,473 |
Commercial and industrial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 96,439 | 99,596 |
Total Loans Greater Than 90 Days and Accruing | 0 | 0 |
Commercial and industrial [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial and industrial [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial and industrial [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial and industrial [Member] | Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial and industrial [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 96,439 | 99,596 |
Commercial, secured by real estate [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 834,823 | 842,209 |
Total Loans Greater Than 90 Days and Accruing | 0 | 0 |
Commercial, secured by real estate [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 895 | 1,492 |
Commercial, secured by real estate [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 16 |
Commercial, secured by real estate [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial, secured by real estate [Member] | Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 895 | 1,476 |
Commercial, secured by real estate [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 833,928 | 840,717 |
Residential real estate [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 342,033 | 310,085 |
Total Loans Greater Than 90 Days and Accruing | 0 | |
Residential real estate [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 473 | 1,391 |
Residential real estate [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 6 | 497 |
Residential real estate [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 13 | 219 |
Residential real estate [Member] | Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 454 | 675 |
Residential real estate [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 341,560 | 308,694 |
Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 35,371 | 37,052 |
Total Loans Greater Than 90 Days and Accruing | 0 | 0 |
Consumer [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 4 | 5 |
Consumer [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 4 | 4 |
Consumer [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 1 |
Consumer [Member] | Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Consumer [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 35,367 | 37,047 |
Agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 8,730 | 10,116 |
Total Loans Greater Than 90 Days and Accruing | 0 | 0 |
Agricultural [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 8,730 | 10,116 |
Other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 369 | 363 |
Total Loans Greater Than 90 Days and Accruing | 0 | 0 |
Other [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 87 | 60 |
Other [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 87 | 60 |
Other [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Other [Member] | Greater Than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Other [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | $ 282 | $ 303 |
Loans, Impaired Loans (Details)
Loans, Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Recorded Investment | |||||
With no related allowance recorded | $ 8,544 | $ 8,544 | $ 9,861 | ||
With an allowance recorded | 1,097 | 1,097 | 3,492 | ||
Total | 9,641 | 9,641 | 13,353 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 10,288 | 10,288 | 11,377 | ||
With an allowance recorded | 1,103 | 1,103 | 3,795 | ||
Total | 11,391 | 11,391 | 15,172 | ||
Related Allowance | |||||
With an allowance recorded | 32 | 32 | 52 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 9,763 | $ 10,481 | 10,724 | $ 11,827 | |
With an allowance recorded | 1,108 | 2,328 | 1,118 | 2,351 | |
Total | 10,871 | 12,809 | 11,842 | 14,178 | |
Interest Income Recognized | |||||
With no related allowance recorded | 181 | 277 | 411 | 984 | |
With an allowance recorded | 14 | 21 | 32 | 39 | |
Total | 195 | 298 | 443 | 1,023 | |
Cash basis interest expense on impaired loans | 0 | 10 | |||
Commercial and industrial [Member] | |||||
Recorded Investment | |||||
With no related allowance recorded | 426 | 426 | 362 | ||
With an allowance recorded | 175 | 175 | 194 | ||
Total | 601 | 601 | 556 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 679 | 679 | 646 | ||
With an allowance recorded | 180 | 180 | 199 | ||
Total | 859 | 859 | 845 | ||
Related Allowance | |||||
With an allowance recorded | 8 | 8 | 8 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 267 | 1,219 | 299 | 1,227 | |
With an allowance recorded | 180 | 216 | 184 | 221 | |
Total | 447 | 1,435 | 483 | 1,448 | |
Interest Income Recognized | |||||
With no related allowance recorded | 19 | 18 | 44 | 289 | |
With an allowance recorded | 2 | 5 | 5 | 8 | |
Total | 21 | 23 | 49 | 297 | |
Commercial, secured by real estate [Member] | |||||
Recorded Investment | |||||
With no related allowance recorded | 5,413 | 5,413 | 6,050 | ||
With an allowance recorded | 674 | 674 | 2,611 | ||
Total | 6,087 | 6,087 | 8,661 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 6,407 | 6,407 | 6,735 | ||
With an allowance recorded | 675 | 675 | 2,908 | ||
Total | 7,082 | 7,082 | 9,643 | ||
Related Allowance | |||||
With an allowance recorded | 14 | 14 | 17 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 6,406 | 5,981 | 7,061 | 7,172 | |
With an allowance recorded | 677 | 1,786 | 680 | 1,799 | |
Total | 7,083 | 7,767 | 7,741 | 8,971 | |
Interest Income Recognized | |||||
With no related allowance recorded | 76 | 196 | 201 | 530 | |
With an allowance recorded | 8 | 11 | 19 | 21 | |
Total | 84 | 207 | 220 | 551 | |
Residential real estate [Member] | |||||
Recorded Investment | |||||
With no related allowance recorded | 2,542 | 2,542 | 3,261 | ||
With an allowance recorded | 248 | 248 | 686 | ||
Total | 2,790 | 2,790 | 3,947 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 2,949 | 2,949 | 3,695 | ||
With an allowance recorded | 248 | 248 | 687 | ||
Total | 3,197 | 3,197 | 4,382 | ||
Related Allowance | |||||
With an allowance recorded | 10 | 10 | 27 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 2,909 | 3,026 | 3,180 | 3,162 | |
With an allowance recorded | 251 | 323 | 254 | 327 | |
Total | 3,160 | 3,349 | 3,434 | 3,489 | |
Interest Income Recognized | |||||
With no related allowance recorded | 70 | 56 | 136 | 149 | |
With an allowance recorded | 4 | 5 | 8 | 10 | |
Total | 74 | 61 | 144 | 159 | |
Consumer [Member] | |||||
Recorded Investment | |||||
With no related allowance recorded | 0 | 0 | 4 | ||
With an allowance recorded | 0 | 0 | 1 | ||
Total | 0 | 0 | 5 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 0 | 0 | 4 | ||
With an allowance recorded | 0 | 0 | 1 | ||
Total | 0 | 0 | 5 | ||
Related Allowance | |||||
With an allowance recorded | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 0 | 8 | 2 | 14 | |
With an allowance recorded | 0 | 3 | 0 | 4 | |
Total | 0 | 11 | 2 | 18 | |
Interest Income Recognized | |||||
With no related allowance recorded | 0 | 0 | 0 | 1 | |
With an allowance recorded | 0 | 0 | 0 | 0 | |
Total | 0 | 0 | 0 | 1 | |
Agricultural [Member] | |||||
Recorded Investment | |||||
With no related allowance recorded | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
Total | 0 | 0 | 0 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
Total | 0 | 0 | 0 | ||
Related Allowance | |||||
With an allowance recorded | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 0 | 0 | 0 | 0 | |
With an allowance recorded | 0 | 0 | 0 | 0 | |
Total | 0 | 0 | 0 | 0 | |
Interest Income Recognized | |||||
With no related allowance recorded | 0 | 0 | 0 | 0 | |
With an allowance recorded | 0 | 0 | 0 | 0 | |
Total | 0 | 0 | 0 | 0 | |
Other [Member] | |||||
Recorded Investment | |||||
With no related allowance recorded | 163 | 163 | 184 | ||
With an allowance recorded | 0 | 0 | 0 | ||
Total | 163 | 163 | 184 | ||
Unpaid Principal Balance | |||||
With no related allowance recorded | 253 | 253 | 297 | ||
With an allowance recorded | 0 | 0 | 0 | ||
Total | 253 | 253 | 297 | ||
Related Allowance | |||||
With an allowance recorded | 0 | 0 | $ 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded | 181 | 247 | 182 | 252 | |
With an allowance recorded | 0 | 0 | 0 | 0 | |
Total | 181 | 247 | 182 | 252 | |
Interest Income Recognized | |||||
With no related allowance recorded | 16 | 7 | 30 | 15 | |
With an allowance recorded | 0 | 0 | 0 | 0 | |
Total | $ 16 | $ 7 | $ 30 | $ 15 |
Loans, Troubled Debt Restructur
Loans, Troubled Debt Restructuring (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021USD ($)Bank_Loan | Jun. 30, 2020USD ($)Bank_Loan | Jun. 30, 2021USD ($)Bank_Loan | Jun. 30, 2020USD ($)Bank_Loan | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | Bank_Loan | 1 | 0 | 2 | 1 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 27,000 | $ 0 | $ 48,000 | $ 4,000 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 31,000 | $ 0 | 52,000 | 5,000 |
Loan modifications classified as troubled debt restructurings [Abstract] | ||||
Troubled debt restructurings that subsequently defaulted within 12 months of the restructuring date | 0 | 0 | ||
Financing Receivable, Modifications, with No Related Allowance, Recorded Investment | 48,000 | 3,000 | ||
Financing Receivable, Modifications, with Related Allowance, Recorded Investment - Details | $ 0 | $ 0 | ||
Commercial and industrial [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | Bank_Loan | 0 | 0 | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 | $ 0 | $ 4,000 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 | $ 0 | $ 5,000 |
Commercial, secured by real estate [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | Bank_Loan | 0 | 0 | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 | $ 0 | $ 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 | $ 0 | $ 0 |
Residential real estate [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | Bank_Loan | 1 | 0 | 2 | 0 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 27,000 | $ 0 | $ 48,000 | $ 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 31,000 | $ 0 | $ 52,000 | $ 0 |
Consumer [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | Bank_Loan | 0 | 0 | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 | $ 0 | $ 0 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 | $ 0 | $ 0 |
Loans Loans, Troubled Debt Rest
Loans Loans, Troubled Debt Restructuring, Modification Type (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 31 | $ 0 | $ 52 | $ 5 |
Commercial and industrial [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | 0 | 0 | 0 | 5 |
Commercial, secured by real estate [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | 0 | 0 | 0 | 0 |
Residential real estate [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | 31 | 0 | 52 | 0 |
Consumer [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Credit Impaired Loans,
Acquired Credit Impaired Loans, Outstanding Balance and Carrying Value for Acquired Credit Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | $ 1,317,765 | $ 1,299,421 | ||||
Allowance for loan losses | 5,652 | $ 5,679 | 5,728 | $ 5,016 | $ 5,008 | $ 4,045 |
Total | 1,312,113 | 1,293,693 | ||||
Loans: | ||||||
Outstanding balance | 4,883 | 6,128 | ||||
Carrying amount | 3,791 | 4,900 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 3,791 | 4,900 | ||||
Allowance for loan losses | 0 | 0 | ||||
Total | 3,791 | 4,900 | ||||
Other [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 369 | 363 | ||||
Allowance for loan losses | 10 | (1) | (9) | 4 | 4 | 4 |
Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 163 | 184 | ||||
Residential real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 342,033 | 310,085 | ||||
Allowance for loan losses | 697 | 919 | 837 | 697 | 629 | 528 |
Residential real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 1,252 | 2,306 | ||||
Commercial, secured by real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 834,823 | 842,209 | ||||
Allowance for loan losses | 3,743 | 3,634 | 3,903 | 3,465 | 3,574 | 2,924 |
Commercial, secured by real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 1,950 | 2,048 | ||||
Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 96,439 | 99,596 | ||||
Allowance for loan losses | 1,043 | $ 957 | 816 | $ 691 | $ 633 | $ 456 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 426 | 362 | ||||
First Capital Bancshares, Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 413 | 450 | ||||
Allowance for loan losses | 0 | 0 | ||||
Total | 413 | 450 | ||||
First Capital Bancshares, Inc. [Member] | Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 0 | 0 | ||||
First Capital Bancshares, Inc. [Member] | Residential real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 412 | 449 | ||||
First Capital Bancshares, Inc. [Member] | Commercial, secured by real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 0 | 0 | ||||
First Capital Bancshares, Inc. [Member] | Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 1 | 1 | ||||
Columbus First Bancorp, Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 1,000 | 1,956 | ||||
Allowance for loan losses | 0 | 0 | ||||
Total | 1,000 | 1,956 | ||||
Columbus First Bancorp, Inc. [Member] | Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 0 | 0 | ||||
Columbus First Bancorp, Inc. [Member] | Residential real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 258 | 1,177 | ||||
Columbus First Bancorp, Inc. [Member] | Commercial, secured by real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 641 | 667 | ||||
Columbus First Bancorp, Inc. [Member] | Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 101 | 112 | ||||
Eaton National Bank & Trust Co. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 1,588 | 1,629 | ||||
Allowance for loan losses | 0 | 0 | ||||
Total | 1,588 | 1,629 | ||||
Eaton National Bank & Trust Co. [Member] | Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 163 | 184 | ||||
Eaton National Bank & Trust Co. [Member] | Residential real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 530 | 595 | ||||
Eaton National Bank & Trust Co. [Member] | Commercial, secured by real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 571 | 601 | ||||
Eaton National Bank & Trust Co. [Member] | Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 324 | 249 | ||||
BNB Bancorp, Inc [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 790 | 865 | ||||
Allowance for loan losses | 0 | 0 | ||||
Total | 790 | 865 | ||||
BNB Bancorp, Inc [Member] | Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 0 | 0 | ||||
BNB Bancorp, Inc [Member] | Residential real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 52 | 85 | ||||
BNB Bancorp, Inc [Member] | Commercial, secured by real estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 738 | 780 | ||||
BNB Bancorp, Inc [Member] | Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | $ 0 | $ 0 |
Acquired Credit Impaired Loan_2
Acquired Credit Impaired Loans, Accretable Yield Related To Acquired Credit Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Accretable discount at beginning of period | $ 123 | $ 318 | $ 182 | $ 480 |
Reclassification from nonaccretable discount to accretable discount | 31 | 29 | 43 | 362 |
Accretion | (70) | (143) | (141) | (638) |
Accretable discount at end of period | $ 84 | $ 204 | $ 84 | $ 204 |
Affordable Housing Tax Credit_3
Affordable Housing Tax Credit Limited Partnership (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Equity Method Investments and Joint Ventures [Abstract] | |||||
Affordable housing tax credit investment | $ 11,950 | $ 11,950 | $ 12,000 | ||
Less amortization | 1,752 | 1,752 | 1,320 | ||
Net affordable housing tax credit investment | 10,198 | 10,198 | 10,680 | ||
Unfunded commitment | 6,964 | $ 6,964 | 8,237 | ||
Funding period for unfunded commitment (in years) | 13 years 6 months | ||||
Investments in Affordable Housing Projects [Abstract] | |||||
Tax credits and other tax benefits recognized | 260 | $ 379 | $ 520 | $ 538 | |
Tax credit amortization expense included in provision for income taxes | $ 215 | $ 137 | $ 432 | $ 263 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | |||||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 37 | ||||
Taxable Municipal securities [Member] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | |||||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $ 37 |
Borrowings (Details)
Borrowings (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Debt Disclosure [Abstract] | ||
Long-term debt | $ 15,000 | $ 22,000 |
Federal Home Loan Bank, Advances, Weighted Average Interest Rate | 2.98% | 2.68% |
Pledged financial instruments, securities for federal home loan bank | $ 310,000 | $ 276,000 |
Line of Credit Facility, Remaining Borrowing Capacity | $ 212,100 |
Leases - Lease, Cost (Details)
Leases - Lease, Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Leases [Abstract] | ||||
Operating lease expense | $ 212 | $ 148 | $ 427 | $ 301 |
Short-term lease expense | 11 | 15 | 25 | 27 |
Variable lease expense | 1 | 4 | 2 | 7 |
Other | 3 | 5 | 6 | 6 |
Total lease expense | $ 227 | $ 172 | $ 460 | $ 341 |
Leases Lease, Other Information
Leases Lease, Other Information (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Leases [Abstract] | ||
Cash paid for amounts included in the measurement of lease liabilities: | $ 408 | |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ 801 | $ 0 |
Weighted average remaining lease term in years for operating leases | 32 years | |
Weighted average discount rate for operating leases | 3.36% |
Leases - (Details)
Leases - (Details) | Jun. 30, 2021 |
Lessee, Lease, Description [Line Items] | |
Weighted average remaining lease term in years for operating leases | 32 years |
Income Taxes (Details)
Income Taxes (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||||
Statutory tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) resulting from: | ||||
Tax exempt interest | 0.70% | 0.80% | 0.70% | 0.90% |
Tax exempt income on bank owned life insurance | (0.90%) | (1.00%) | (0.90%) | (1.60%) |
Effective Income Tax Rate Reconciliation, Captive Insurance Premium Income, Percent | (0.80%) | (0.70%) | (0.70%) | (0.70%) |
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Percent | 0.00% | 0.00% | 0.00% | (1.60%) |
Other, net | (0.10%) | (0.30%) | (0.40%) | (0.50%) |
Effective tax rate | 18.50% | 18.20% | 18.30% | 15.70% |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | $ 266,712 | $ 217,627 |
Commitments outstanding for capital expenditures | 1,726 | |
Commercial loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 34,781 | 24,581 |
Other loans [Member] | Fixed rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 7,922 | 14,668 |
Other loans [Member] | Adjustable rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 2,816 | 4,386 |
Unused lines of credit [Member] | Fixed rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 52,047 | 24,205 |
Unused lines of credit [Member] | Adjustable rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 152,405 | 133,073 |
Unused overdraft protection amounts on demand and NOW accounts [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 16,686 | 16,471 |
Standby letters of credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | $ 55 | $ 243 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | $ 239,246 | $ 233,478 | $ 240,825 | $ 228,048 |
Before reclassifications | 960 | 712 | (2,480) | 3,370 |
Reclassifications | 0 | 0 | 0 | (175) |
Balance ending | 239,952 | 237,047 | 239,952 | 237,047 |
Total [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | 603 | 4,043 | ||
Balance ending | 1,563 | 3,868 | 1,563 | 3,868 |
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Before reclassifications | 958 | 711 | (2,483) | 3,369 |
Reclassifications | 0 | 0 | 0 | (175) |
Balance ending | 1,866 | 1,866 | ||
Changes in Pension Plan Assets and Benefit Obligations [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Before reclassifications | 2 | 1 | 3 | 1 |
Reclassifications | 0 | 0 | 0 | 0 |
Balance ending | (303) | (303) | ||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Total [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | 603 | 3,156 | 4,043 | 673 |
Balance ending | 3,868 | 3,868 | ||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | 908 | 3,340 | 4,349 | 857 |
Balance ending | 4,051 | 4,051 | ||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Changes in Pension Plan Assets and Benefit Obligations [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | $ (305) | (184) | $ (306) | (184) |
Balance ending | $ (183) | $ (183) |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income, Reclassification of AOCI (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Income tax expense | $ 1,200 | $ 1,128 | $ 2,357 | $ 1,874 |
Reclassification adjustment, net of taxes | 0 | 0 | 0 | 175 |
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Reclassification adjustment, net of taxes | 0 | 0 | 0 | 175 |
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Realized gains from sales of debt securities, available-for-sale | 0 | 0 | 0 | 221 |
Income tax expense | 0 | 0 | 0 | 46 |
Reclassification adjustment, net of taxes | $ 0 | $ 0 | $ 0 | $ 175 |
Retirement Plans (Details)
Retirement Plans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Retirement Benefits [Abstract] | |||||
Automatic Annual Contribution Employees Hired Before January 1, 2009 Benefit Reduction Under Certain Amendments Minimum, percent | 5.00% | ||||
Automatic Annual Contribution Employees Hired Before January 1, 2009 Due Benefit Reduction Under Certain Amendments Maximum, percent | 7.00% | ||||
Employer's matching contribution to 401(k) of employees hired on or after January 1, 2009, percent | 50.00% | ||||
Maximum annual contribution per employee, percent | 3.00% | ||||
Funding and administrative costs of noncontributory defined benefit retirement plan and 401(k) plan [Abstract] | |||||
401(k) plan | $ 152 | $ 147 | $ 312 | $ 312 | |
Qualified noncontributory defined benefit retirement plan [Member] | |||||
Funding and administrative costs of noncontributory defined benefit retirement plan and 401(k) plan [Abstract] | |||||
Qualified noncontributory defined benefit retirement plan | 282 | 271 | 561 | 541 | |
Components of net periodic pension cost [Abstract] | |||||
Interest cost | 13 | 16 | 26 | 32 | |
Amortization of unrecognized net loss | 2 | 0 | 4 | 0 | |
Net periodic pension cost | 15 | $ 16 | 30 | $ 32 | |
Recognized in accumulated other comprehensive income [Abstract] | |||||
Net actuarial loss | 303 | 303 | $ 306 | ||
Past service cost | 0 | 0 | 0 | ||
Total recognized, net of tax | $ 303 | $ 303 | $ 306 |
Stock Based Compensation, Addit
Stock Based Compensation, Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Period options granted to date vest ratably | 5 years | |||
Compensation expense relating to restricted stock | $ 52,000 | $ 34,000 | $ 145,000 | $ 67,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||
Stock Options [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 0 | 1,000 | $ 0 | 1,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | 0 | 1,000 | 0 | 1,000 |
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Payment Arrangement, Expense | 52,000 | 35,000 | 145,000 | 68,000 |
Share-based Payment Arrangement, Expense, Tax Benefit | 10,000 | $ 7,000 | 30,000 | $ 14,000 |
Restricted stock compensation costs not yet recognized | $ 709,000 | $ 709,000 | ||
Compensation costs not yet recognized, period for recognition | 4 years 8 months 12 days | |||
Ownership Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of shares authorized for issuance (in shares) | 200,000 | 200,000 | ||
2015 Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of shares authorized for issuance (in shares) | 450,000 | 450,000 |
Stock Based Compensation, Stock
Stock Based Compensation, Stock Option Activity (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 0 | $ 1 |
Options outstanding [Roll Forward] | ||
Outstanding at beginning of period (in shares) | 311 | 9,904 |
Granted (in shares) | 0 | 0 |
Exercised (in shares) | (311) | (9,593) |
Expired (in shares) | 0 | 0 |
Outstanding at end of period (in shares) | 0 | 311 |
Exercisable at end of period (in shares) | 0 | 311 |
Weighted average exercise price [Roll forward] | ||
Outstanding at beginning of period (in dollars per share) | $ 12.60 | $ 11.96 |
Granted (in dollars per share) | 0 | 0 |
Exercised (in dollars per share) | 12.60 | 11.94 |
Expired (in dollars per share) | 0 | 0 |
Outstanding at end of period (in dollars per share) | 0 | 12.60 |
Exercisable at end of period (in dollars per share) | $ 0 | $ 12.60 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 0 | $ 1 |
Stock Based Compensation , Info
Stock Based Compensation , Information Related to Stock Options Exercised (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Payment Arrangement [Abstract] | ||
Intrinsic value of options exercised | $ 1 | $ 46 |
Cash received from options exercised | 4 | 115 |
Tax benefit realized from options exercised | $ 0 | $ 5 |
Stock Based Compensation , Rest
Stock Based Compensation , Restricted Stock Activity (Details) - Restricted Stock [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Shares | ||
Outstanding at beginning of period (in shares) | 28,596 | 17,752 |
Granted (in shares) | 26,321 | 19,211 |
Vested (in shares) | 8,817 | 3,818 |
Forfeited (in shares) | 122 | 3,550 |
Outstanding at end of period (in shares) | 45,978 | 29,595 |
Weighted Average Grant Date Fair Value | ||
Outstanding at beginning of period (usd per share) | $ 17.42 | $ 18.03 |
Granted (usd per share) | 16.85 | 16.87 |
Vested (usd per share) | 17.55 | 18.45 |
Forfeited (usd per share) | 16.87 | 16.90 |
Outstanding at end of period (usd per share) | $ 17.07 | $ 17.37 |
Stock Based Compensation Restri
Stock Based Compensation Restricted Stock Awards Expense Informations (Details) - Restricted Stock [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Payment Arrangement, Expense | $ 52 | $ 35 | $ 145 | $ 68 |
Share-based Payment Arrangement, Expense, Tax Benefit | $ 10 | $ 7 | $ 30 | $ 14 |
Earnings Per Common Share (Deta
Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 5,290 | $ 5,057 | $ 10,530 | $ 10,083 |
Less allocation of earnings and dividends to participating securities | 19 | 12 | 38 | 23 |
Net income allocated to common shareholders | $ 5,271 | $ 5,045 | $ 10,492 | $ 10,060 |
Weighted average common shares outstanding, gross (in shares) | 12,789,684 | 12,970,570 | 12,815,089 | 12,963,123 |
Less average participating securities (in shares) | 45,958 | 29,595 | 45,958 | 29,595 |
Weighted average number of shares outstanding used in the calculation of basic earnings per common share (in shares) | 12,743,726 | 12,940,975 | 12,769,131 | 12,933,528 |
Add dilutive effect of: | ||||
Stock options (in shares) | 0 | 26 | 15 | 630 |
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share (in shares) | 12,743,726 | 12,941,001 | 12,769,146 | 12,934,158 |
Earnings per common share: | ||||
Basic (usd per share) | $ 0.41 | $ 0.39 | $ 0.82 | $ 0.78 |
Diluted (usd per share) | $ 0.41 | $ 0.39 | $ 0.82 | $ 0.78 |
Earnings Per Common Share, Addi
Earnings Per Common Share, Additional Information (Details) - shares | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Options to purchase common stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Options excluded from computation of earnings per share (in shares) | 0 | 0 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | $ 2,488 | $ 2,389 |
Debt securities, available-for-sale, at fair value | 310,515 | 209,471 |
Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 313,003 | 211,860 |
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 66,982 | 4,777 |
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 246,021 | 207,083 |
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Nonrecurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 1,065 | 3,439 |
Nonrecurring fair value measurements: [Abstract] | ||
Impaired loans | 1,065 | 3,439 |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 0 | 0 |
Nonrecurring fair value measurements: [Abstract] | ||
Impaired loans | 0 | 0 |
Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 0 | 0 |
Nonrecurring fair value measurements: [Abstract] | ||
Impaired loans | 0 | 0 |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 1,065 | 3,439 |
Nonrecurring fair value measurements: [Abstract] | ||
Impaired loans | 1,065 | 3,439 |
U.S. Treasury notes [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 64,494 | 2,388 |
U.S. Treasury notes [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 64,494 | 2,388 |
U.S. Treasury notes [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 64,494 | 2,388 |
U.S. Treasury notes [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Treasury notes [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency notes [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 95,489 | 67,900 |
U.S. Agency notes [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 95,489 | 67,900 |
U.S. Agency notes [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency notes [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 95,489 | 67,900 |
U.S. Agency notes [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency mortgage-backed securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 100,093 | 91,634 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 100,093 | 91,634 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 100,093 | 91,634 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Non-taxable Municipal securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 11,899 | 12,933 |
Non-taxable Municipal securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 11,899 | 12,933 |
Non-taxable Municipal securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Non-taxable Municipal securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 11,899 | 12,933 |
Non-taxable Municipal securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Taxable Municipal securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 36,647 | 33,437 |
Taxable Municipal securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 36,647 | 33,437 |
Taxable Municipal securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Taxable Municipal securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 36,647 | 33,437 |
Taxable Municipal securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Mutual funds [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,394 | 1,402 |
Mutual funds [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 54 | |
Equity securities with a readily determinable fair value: | 50 | |
Mutual funds [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 54 | |
Equity securities with a readily determinable fair value: | 50 | |
Mutual funds [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Equity securities with a readily determinable fair value: | 0 | |
Mutual funds [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Equity securities with a readily determinable fair value: | 0 | |
Mutual Funds Measured At Net Asset Value [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,340 | |
Equity securities with a readily determinable fair value: | 1,352 | |
Mutual Funds Measured At Net Asset Value [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Equity securities with a readily determinable fair value: | 0 | |
Mutual Funds Measured At Net Asset Value [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Equity securities with a readily determinable fair value: | 0 | |
Equity securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,094 | 987 |
Equity securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,094 | |
Equity securities with a readily determinable fair value: | 987 | |
Equity securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,094 | |
Equity securities with a readily determinable fair value: | 987 | |
Equity securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Equity securities with a readily determinable fair value: | 0 | |
Equity securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Equity securities with a readily determinable fair value: | 0 | |
Corporate Debt Securities | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 1,893 | 1,179 |
Corporate Debt Securities | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 1,893 | 1,179 |
Corporate Debt Securities | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Corporate Debt Securities | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 1,893 | 1,179 |
Corporate Debt Securities | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | $ 0 | $ 0 |
Fair Value Measurements, Quanti
Fair Value Measurements, Quantitative Information About Unobservable Inputs Used In Recurring And Nonrecurring Level 3 Inputs (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Net income | $ 5,290,000 | $ 5,057,000 | $ 10,530,000 | $ 10,083,000 | |
Less allocation of earnings and dividends to participating securities | 19,000 | 12,000 | 38,000 | 23,000 | |
Net Income (Loss) Available to Common Stockholders, Basic | $ 5,271,000 | $ 5,045,000 | $ 10,492,000 | $ 10,060,000 | |
Weighted average common shares outstanding, gross (in shares) | 12,789,684 | 12,970,570 | 12,815,089 | 12,963,123 | |
Less average participating securities (in shares) | 45,958 | 29,595 | 45,958 | 29,595 | |
Basic (in shares) | 12,743,726 | 12,940,975 | 12,769,131 | 12,933,528 | |
Nonrecurring [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | $ 1,065,000 | $ 1,065,000 | $ 3,439,000 | ||
Nonrecurring [Member] | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 1,065,000 | 1,065,000 | 3,439,000 | ||
Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Estimated Sales Price [Domain] | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 1,352,000 | ||||
Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 1,065,000 | 1,065,000 | 2,087,000 | ||
Measurement Input, Discount Rate | Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | High [Member] | Level 3 [Member] | Valuation, Income Approach | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 0.0825 | 0.0825 | 0.0825 | ||
Measurement Input, Discount Rate | Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | Low [Member] | Level 3 [Member] | Valuation, Income Approach | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 0.0400 | 0.0400 | 0.0400 | ||
Measurement Input, Discount Rate | Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | Weighted Average | Level 3 [Member] | Valuation, Income Approach | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | $ 0.0612 | $ 0.0612 | $ 0.0474 |
Fair Value Measurements, By Bal
Fair Value Measurements, By Balance Sheet Grouping (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
FINANCIAL ASSETS: | ||
Equity securities with a readily determinable fair value, at fair value | $ 2,488 | $ 2,389 |
Debt securities, held-to-maturity | 24,389 | 24,960 |
Accrued interest receivable | 8,395 | 8,337 |
Carrying Amount [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 22,909 | 31,730 |
Debt securities, held-to-maturity | 24,242 | 24,810 |
Federal Reserve Bank stock | 4,652 | 4,652 |
Federal Home Loan Bank stock | 5,203 | 5,203 |
Loans, net | 1,312,113 | 1,293,693 |
Accrued interest receivable | 8,395 | 8,337 |
FINANCIAL LIABILITIES: | ||
Deposits | 1,577,345 | 1,455,423 |
Long-term debt | 15,000 | 22,000 |
Accrued interest payable | 311 | 452 |
Fair Value [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 22,909 | 31,730 |
Debt securities, held-to-maturity | 24,389 | 24,960 |
Federal Reserve Bank stock | 4,652 | 4,652 |
Federal Home Loan Bank stock | 5,203 | 5,203 |
Loans, net | 1,272,961 | 1,252,642 |
Accrued interest receivable | 8,395 | 8,337 |
FINANCIAL LIABILITIES: | ||
Deposits | 1,579,285 | 1,458,413 |
Long-term debt | 15,437 | 22,595 |
Accrued interest payable | 311 | 452 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 22,909 | 31,730 |
Debt securities, held-to-maturity | 0 | 0 |
Federal Reserve Bank stock | 4,652 | 4,652 |
Federal Home Loan Bank stock | 5,203 | 5,203 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
FINANCIAL LIABILITIES: | ||
Deposits | 1,362,599 | 1,212,903 |
Long-term debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 0 | 0 |
Debt securities, held-to-maturity | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 8,395 | 8,337 |
FINANCIAL LIABILITIES: | ||
Deposits | 216,686 | 245,510 |
Long-term debt | 15,437 | 22,595 |
Accrued interest payable | 311 | 452 |
Significant Unobservable Inputs (Level 3) [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 0 | 0 |
Debt securities, held-to-maturity | 24,389 | 24,960 |
Federal Reserve Bank stock | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Loans, net | 1,272,961 | 1,252,642 |
Accrued interest receivable | 0 | 0 |
FINANCIAL LIABILITIES: | ||
Deposits | 0 | 0 |
Long-term debt | 0 | 0 |
Accrued interest payable | $ 0 | $ 0 |