Farmers & Merchants Bancorp (FMCB) 10-Q 9 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Document Transition Report	false
Entity File Number	000-26099
Entity Registrant Name	FARMERS & MERCHANTS BANCORP
Entity Central Index Key	0001085913
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3327828
Entity Address, Address Line One	111 W. Pine Street
Entity Address, City or Town	Lodi
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95240
City Area Code	209
Local Phone Number	367-2300
Title of 12(b) Security	Common Stock
Trading Symbol	FMCB
Security Exchange Name	NONE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		789,646

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Cash and Cash Equivalents:
Cash and Due from Banks	$ 80,646	$ 66,327	$ 67,560
Interest Bearing Deposits with Banks	754,064	317,510	303,879
Total Cash and Cash Equivalents	834,710	383,837	371,439
Investment Securities:
Available-for-Sale, at Fair Value	351,661	807,732	569,407
Held-to-Maturity, fair value $490,185, $70,049 and $70,194, respectively	496,470	68,933	69,036
Total Investment Securities	848,131	876,665	638,443
Loans & Leases	3,033,196	3,099,592	3,064,512
Less: Allowance for Credit Losses	60,229	58,862	55,058
Loans & Leases, Net	2,972,967	3,040,730	3,009,454
Premises and Equipment, Net	49,181	50,147	47,715
Bank Owned Life Insurance, Net	70,303	69,235	68,177
Interest Receivable and Other Assets	149,276	129,839	120,730
Total Assets	4,924,568	4,550,453	4,255,958
Deposits:
Demand	1,646,768	1,475,425	1,283,182
Interest Bearing Transaction	1,000,168	902,487	808,991
Savings and Money Market	1,363,589	1,260,487	1,158,138
Time	401,539	421,868	531,722
Total Deposits	4,412,064	4,060,267	3,782,033
Subordinated Debentures	10,310	10,310	10,310
Interest Payable and Other Liabilities	63,835	56,211	59,887
Total Liabilities	4,486,209	4,126,788	3,852,230
Shareholders' Equity
Preferred Stock: No Par Value, 1,000,000 Shares Authorized, None Issued or Outstanding	0	0	0
Common Stock: Par Value $0.01, 7,500,000 Shares Authorized, 789,646, 789,646, and 793,556 Shares Issued and Outstanding at June 30, 2021, December 31, 2020 and June 30, 2020, Respectively	8	8	8
Additional Paid-In Capital	77,516	77,516	80,350
Retained Earnings	360,021	333,070	308,714
Accumulated Other Comprehensive Income, Net of Taxes	814	13,071	14,656
Total Shareholders' Equity	438,359	423,665	403,728
Total Liabilities and Shareholders' Equity	$ 4,924,568	$ 4,550,453	$ 4,255,958

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Investment Securities:
Held-to-Maturity at fair value	$ 490,185	$ 70,049	$ 70,194
Shareholders' Equity
Preferred Stock, par value (in dollars per share)	$ 0	$ 0	$ 0
Preferred Stock, shares authorized (in shares)	1,000,000	1,000,000	1,000,000
Preferred Stock, shares issued (in shares)	0	0	0
Preferred Stock, shares outstanding (in shares)	0	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	7,500,000	7,500,000	7,500,000
Common Stock, shares issued (in shares)	789,646	789,646	793,556
Common Stock, shares outstanding (in shares)	789,646	789,646	793,556

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - 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 & Leases	$ 36,664	$ 34,311	$ 73,751	$ 68,471
Interest on Deposits with Banks	164	65	267	1,012
Interest on Investment Securities:
Taxable	3,694	3,175	7,498	6,327
Exempt from Federal Tax	416	416	839	846
Total Interest Income	40,938	37,967	82,355	76,656
Interest Expense
Deposits	1,034	2,458	2,271	5,602
Subordinated Debentures	79	94	158	213
Total Interest Expense	1,113	2,552	2,429	5,815
Net Interest Income	39,825	35,415	79,926	70,841
Provision for Credit Losses	0	300	1,250	300
Net Interest Income After Provision for Credit Losses	39,825	35,115	78,676	70,541
Non-Interest Income
Service Charges on Deposit Accounts	679	374	1,317	1,294
Net Gain on Sale of Investment Securities	714	0	2,554	13
Increase in Cash Surrender Value of Bank Owned Life Insurance	541	520	1,067	1,029
Debit Card and ATM Fees	1,806	1,302	3,385	2,579
Net Gain (Loss) on Deferred Compensation Investments	11,746	523	15,286	(139)
Other	939	795	2,541	1,665
Total Non-Interest Income	16,425	3,514	26,150	6,441
Non-Interest Expense
Salaries and Employee Benefits	16,182	13,783	32,922	28,663
Net Gain (Loss) on Deferred Compensation Investments	11,746	523	15,286	(139)
Occupancy	1,178	1,137	2,409	2,243
Equipment	1,213	1,286	2,437	2,454
Marketing	418	25	606	270
Legal	289	47	400	77
FDIC Insurance	298	7	585	7
Other	3,533	2,979	6,575	6,002
Total Non-Interest Expense	34,857	19,787	61,220	39,577
Income Before Provision for Income Taxes	21,393	18,842	43,606	37,405
Provision for Income Taxes	5,240	4,533	10,740	8,974
Net Income	$ 16,153	$ 14,309	$ 32,866	$ 28,431
Basic Earnings Per Common Share (in dollars per share)	$ 20.45	$ 18.03	$ 41.62	$ 35.83
Diluted Earnings Per Common Share (in dollars per share)	$ 20.45	$ 18.03	$ 41.62	$ 35.83

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Condensed Consolidated Statements of Comprehensive Income (Unaudited) [Abstract]
Net Income	$ 16,153	$ 14,309	$ 32,866	$ 28,431
Other Comprehensive Income
Increase in Net Unrealized (Loss) Gain on Available-for-Sale Securities	3,957	1,338	(14,609)	16,128
Deferred Tax Benefit Related to Unrealized (Loss) Gains	(1,170)	(396)	4,319	(4,768)
Reclassification Adjustment for Realized Gains on Available-for-Sale Securities Included in Net Income	(714)	0	(2,554)	(13)
Deferred Tax Benefit Related to Reclassification Adjustment	211	0	755	4
Amortization of Unrealized Loss on Securities Transferred from Available-for-Sale to Held to Maturity	(180)	0	(238)	0
Deferred Tax Benefit Related to loss on Securities Transferred	54	0	70	0
Total Other Comprehensive Income	2,158	942	(12,257)	11,351
Comprehensive Income	$ 18,311	$ 15,251	$ 20,609	$ 39,782

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income, net [Member]	Total
Balance at Dec. 31, 2019	$ 8	$ 79,947	$ 286,036	$ 3,305	$ 369,296
Balance (in shares) at Dec. 31, 2019	793,033
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income		0	28,431	0	28,431
Cash Dividends Declared on Common Stock	$ 0	0	(5,753)	0	(5,753)
Issuance of Common Stock	$ 0	403	0	0	403
Issuance of Common Stock (in shares)	523
Other Comprehensive Income (Loss)	$ 0	0	0	11,351	11,351
Balance at Jun. 30, 2020	$ 8	80,350	308,714	14,656	$ 403,728
Balance (in shares) at Jun. 30, 2020	793,556				793,556
Balance at Mar. 31, 2020	$ 8	80,350	300,158	13,714	$ 394,230
Balance (in shares) at Mar. 31, 2020	793,556
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income		0	14,309	0	14,309
Cash Dividends Declared on Common Stock	$ 0	0	(5,753)	0	(5,753)
Other Comprehensive Income (Loss)	0	0	0	942	942
Balance at Jun. 30, 2020	$ 8	80,350	308,714	14,656	$ 403,728
Balance (in shares) at Jun. 30, 2020	793,556				793,556
Balance at Dec. 31, 2020	$ 8	77,516	333,070	13,071	$ 423,665
Balance (in shares) at Dec. 31, 2020	789,646				789,646
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income		0	32,866	0	$ 32,866
Cash Dividends Declared on Common Stock	$ 0	0	(5,922)	0	(5,922)
Cash Dividends Returned	0	0	7	0	7
Other Comprehensive Income (Loss)	0	0	0	(12,257)	(12,257)
Balance at Jun. 30, 2021	$ 8	77,516	360,021	814	$ 438,359
Balance (in shares) at Jun. 30, 2021	789,646				789,646
Balance at Mar. 31, 2021	$ 8	77,516	349,790	(1,344)	$ 425,970
Balance (in shares) at Mar. 31, 2021	789,646
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income		0	16,153	0	16,153
Cash Dividends Declared on Common Stock	$ 0	0	(5,922)	0	(5,922)
Other Comprehensive Income (Loss)	0	0	0	2,158	2,158
Balance at Jun. 30, 2021	$ 8	$ 77,516	$ 360,021	$ 814	$ 438,359
Balance (in shares) at Jun. 30, 2021	789,646				789,646

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash Dividends Declared per Share of Common Stock (in dollars per share)	$ 7.50	$ 7.25	$ 7.50	$ 7.25

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities:
Net Income	$ 32,866	$ 28,431
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	1,250	300
Depreciation and Amortization	1,318	1,414
Net Amortization of Investment Security Premiums & Discounts	797	397
Amortization of Core Deposit Intangible	306	313
Accretion of Discount on Acquired Loans	(37)	(117)
Net Gain on Sale of Investment Securities	(2,554)	(13)
Net Gain on Sale of Property & Equipment	(36)	(62)
Net Change in Operating Assets & Liabilities:
Net (Increase) Decrease in Interest Receivable and Other Assets	(20,752)	1,953
Net Increase (Decrease) in Interest Payable and Other Liabilities	14,280	(3,217)
Net Cash Provided by Operating Activities	27,438	29,399
Investing Activities:
Purchase of Investment Securities Available-for-Sale	(257,225)	(150,342)
Proceeds from Sold, Matured or Called Securities Available-for-Sale	381,117	106,840
Purchase of Investment Securities Held-to-Maturity	(124,070)	(15,068)
Proceeds from Matured or Called Securities Held-to-Maturity	13,140	6,243
Net Loans & Leases Paid, Originated or Acquired	66,550	(391,622)
Additions to Premises and Equipment, Net	(377)	(3,877)
Purchase of Other Investments	(1,656)	(3,230)
Proceeds from Sale of Property & Equipment	74	77
Net Cash Provided by (Used in) Investing Activities	77,553	(450,979)
Financing Activities:
Net Increase in Deposits	351,797	504,014
Cash Dividends	(5,922)	(5,753)
Cash Dividends Returned	7	0
Net Cash Provided by Financing Activities	345,882	498,261
Net Change in Cash and Cash Equivalents	450,873	76,681
Cash and Cash Equivalents at Beginning of Period	383,837	294,758
Cash and Cash Equivalents at End of Period	834,710	371,439
Supplementary Data
Cash Payments Made for Income Taxes	19,181	17
Issuance of Common Stock to the Bank's Non-Qualified Retirement Plans	0	403
Interest Paid	3,220	6,427
Supplementary Noncash Disclosure
Investment Securities Available-for-Sale Transferred to Held-to-Maturity	316,925	0
Security Purchase Settled in Subsequent Period	$ 0	$ (2,507)

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant Accounting Policies Farmers & Merchants Bancorp (the “Company”) was organized March 10, 1999. Primary operations are related to traditional banking activities through its subsidiary Farmers & Merchants Bank of Central California (the “Bank”) which was established in 1916. The Bank’s wholly owned subsidiaries include Farmers & Merchants Investment Corporation and Farmers/Merchants Corp. Farmers & Merchants Investment Corporation has been dormant since 1991. Farmers/Merchants Corp. acts as trustee on deeds of trust originated by the Bank. The Company’s other wholly owned subsidiaries include F & M Bancorp, Inc. and FMCB Statutory Trust I. F & M Bancorp, Inc. was created in March 2002 to protect the name F & M Bank. During 2002, the Company completed a fictitious name filing in California to begin using the streamlined name “F & M Bank” as part of a larger effort to enhance the Company’s image and build brand name recognition. In December 2003, the Company formed a wholly owned subsidiary, FMCB Statutory Trust I, for the sole purpose of issuing Trust Preferred Securities and related subordinated debentures, in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). FMCB Statutory Trust I is a non-consolidated subsidiary. The accounting and reporting policies of the Company conform to U.S. GAAP and prevailing practice within the banking industry. The following is a summary of the significant accounting and reporting policies used in preparing the consolidated financial statements. Basis of Presentation The accompanying consolidated financial statements and notes thereto have been prepared in accordance with accounting principles generally accepted in the United States of America for financial information. The accompanying consolidated financial statements include the accounts of the Company and the Company’s wholly owned subsidiaries, F & M Bancorp, Inc. and the Bank, along with the Bank’s wholly owned subsidiaries, Farmers & Merchants Investment Corporation and Farmers/Merchants Corp. Significant inter-company transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K, as amended (“2020 Annual Report on Form 10-K”), for the year ended December 31, 2020 and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021 The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Accounting Guidance Pending Adoption at June The following paragraphs provide descriptions of newly issued but not yet effective accounting standards that could have a material effect on the Company’s financial position or results of operations. In June the FASB issued ASU - Financial Instruments – Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments. The ASU will require the earlier recognition of credit losses on loans and other financial instruments based on an expected loss model, replacing the incurred loss model that is currently in use. Under the new guidance, an entity will measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The expected loss model will apply to loans and leases, unfunded lending commitments, held-to-maturity debt securities and other debt instruments measured at amortized cost. The impairment model for available-for-sale debt securities will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. During the Company completed an assessment of its current expected credit losses (CECL) data and system needs, and engaged a -party vendor to assist in developing a CECL model. The Company, in conjunction with this vendor, researched and analyzed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. Model validation began in the quarter of enabling the Company to complete parallel runs using data beginning with the quarter of The new guidance had been effective on January However, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) and H.R. resulted in federal banking regulators issuing an interim final rule allowing banks the option of delaying the implementation of CECL until January In addition, the national banking regulators have issued a joint statement allowing financial institutions to mitigate the effects of CECL in their regulatory capital calculations for up to years. The Company has elected to delay CECL adoption, but continues to run its CECL model quarterly to accumulate data for the ultimate implementation. Management is currently evaluating the impact that the standard will have on its consolidated financial statements. Cash and Cash Equivalents For purposes of the Consolidated Statements of Cash Flows, the Company has defined cash and cash equivalents as those amounts included in the balance sheet captions Cash and Due from Banks, Interest-Bearing Deposits with Banks, and Federal Funds Sold, which have original maturity dates of months or less. For these instruments, the carrying amount is a reasonable estimate of fair value. Investment Securities Investment securities are classified at the time of purchase as held-to-maturity (“HTM”) if it is management’s intent and the Company has the ability to hold the securities until maturity. These securities are carried at cost, adjusted for amortization of premium to earliest call date and accretion of discount using a level yield of interest over the estimated remaining period until maturity. Losses, reflecting a decline in value judged by the Company to be other than temporary, are recognized in the period in which they occur. Securities are classified as available-for-sale (“AFS”) if it is management’s intent, at the time of purchase, to hold the securities for an indefinite period of time and/or to use the securities as part of the Company’s asset/liability management strategy. These securities are reported at fair value with aggregate unrealized gains or losses excluded from income and included as a separate component of shareholders’ equity, net of related income taxes. Fair values are based on quoted market prices or broker/dealer price quotations on a specific identification basis. Gains or losses on the sale of these securities are computed using the specific identification method. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. Trading securities, if any, are acquired for short-term appreciation and are recorded in a trading portfolio and are carried at fair value, with unrealized gains and losses recorded in non-interest income. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the income statement; and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Equity securities are carried at fair value with changes in market value recognized through earnings . Loans & Leases Loans & leases are reported at the principal amount outstanding net of unearned discounts and deferred loan & lease fees and costs. Interest income on loans & leases is accrued daily on the outstanding balances using the simple interest method. Loan & lease origination fees are deferred and recognized over the contractual life of the loan or lease as an adjustment to the yield. Loans & leases are placed on non-accrual status when the collection of principal or interest is in doubt or when they become past due for 90 days or more unless they are both well-secured and in the process of collection. For this purpose, a loan or lease is considered well-secured if it is collateralized by property having a net realizable value in excess of the amount of the loan or lease or is guaranteed by a financially capable party. When a loan or lease is placed on non-accrual status, the accrued and unpaid interest receivable is reversed and charged against current income; thereafter, interest income is recognized only as it is collected in cash. Additionally, cash would be applied to principal if all principal was not expected to be collected. Loans & leases placed on non-accrual status are returned to accrual status when the loans or leases are paid current as to principal and interest and future payments are expected to be made in accordance with the contractual terms of the loan or lease. A loan or lease is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the original agreement. Impaired loans & leases are either: (1) non-accrual loans & leases; or (2) restructured loans & leases that are still accruing interest. Loans or leases determined to be impaired are individually evaluated for impairment. When a loan or lease is impaired, the Company measures impairment based on the present value of expected future cash flows discounted at the loan or lease’s effective interest rate, except that as a practical expedient, it may measure impairment based on a loan or lease’s observable market price, or the fair value of the collateral if the loan or lease is collateral dependent. A loan or lease is collateral dependent if the repayment of the loan or lease is expected to be provided solely by the underlying collateral A restructuring of a loan or lease constitutes a troubled debt restructuring (TDR) if the Company for economic or legal reasons related to the borrower’s (the term “borrower” is used herein to describe a customer who has entered into either a loan or lease transaction) financial difficulties grants a more than insignificant concession to the borrower that it would not otherwise consider. Restructured loans & leases typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. If the restructured loan or lease was current on all payments at the time of restructure and management reasonably expects the borrower will continue to perform after the restructure, management may keep the loan or lease on accrual. Loans & leases that are on non-accrual status at the time they become TDR, remain on non-accrual status until the borrower demonstrates a sustained period of performance, which the Company generally believes to be six Generally, the Company will not restructure loans or leases for borrowers unless: (1) the existing loan or lease is brought current as to principal and interest payments; and (2) the restructured loan or lease can be underwritten to reasonable underwriting standards. If these standards are not met other actions will be pursued (e.g., foreclosure) to collect outstanding loan or lease amounts. After restructure, a determination is made whether the loan or lease will be kept on accrual status based upon the underwriting and historical performance of the restructured credit. On March the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law by Congress and was amended and extended by the Consolidated Appropriations Act of (“H.R. ”) on December The CARES Act and H.R. provide financial institutions, under specific circumstances, the opportunity to temporarily suspend certain requirements under generally accepted accounting principles related to modifications for a limited period of time to account for the effects of COVID- In March a joint statement was issued by federal and state regulatory agencies, after consultation with the FASB, to clarify that short-term loan modifications are not TDRs if made on a good-faith basis in response to COVID- to borrowers who were current prior to any relief. Under this guidance, months is provided as an example of short-term, and current is defined as less than days past due at the time the modification program is implemented. The guidance also provides that these modified loans generally will not be classified as non-accrual during the term of the modification. See “Note – Risks and Uncertainties” for additional information on the CARES Act and H.R. and the impact of COVID- on the Company. Allowance for Credit Losses The allowance for credit losses is an estimate of probable incurred credit losses inherent in the Company’s The determination of the general reserve for loans & leases that are collectively evaluated for impairment is based on estimates made by management, to include, but not limited to, consideration of historical losses by portfolio segment, internal asset classifications, qualitative factors that include economic trends in the Company’s The Company maintains a separate allowance for each portfolio segment (loan & lease type). These portfolio segments include: (1) commercial real estate; (2) agricultural real estate; (3) real estate construction (including land and development loans); (4) residential 1 st Company’s The Company assigns a risk rating to all loans & leases and periodically performs detailed reviews of all such loans & leases over a certain threshold to identify credit risks and assess overall collectability. For smaller balance loans & leases, such as consumer and residential real estate, a credit grade is established at inception, and then updated only when the loan or lease becomes contractually delinquent or when the borrower requests a modification. For larger balance loans, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which borrowers operate and the fair values of collateral securing these loans & leases. These credit quality indicators are used to assign a risk rating to each individual loan or lease. These risk ratings are also subject to examination by independent specialists engaged by the Company. The risk ratings can be grouped into five major categories, defined as follows: Pass and Watch – A pass loan or lease is a strong credit with no existing or known potential weaknesses deserving of management’s Special Mention – A special mention loan or lease has potential weaknesses that deserve management’s Company’s Substandard – A substandard loan or lease is not adequately protected by the current financial condition and paying capacity of the borrower or the value of the collateral pledged, if any. Loans or leases classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Well-defined weaknesses include a project’s project’s Doubtful – Loans or leases classified doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, highly questionable or improbable. Loss – Loans or leases classified as loss are considered uncollectible. Once a loan or lease becomes delinquent and repayment becomes questionable, the Company will address collateral shortfalls with the borrower and attempt to obtain additional collateral. If this is not forthcoming and payment in full is unlikely, the Company will estimate its probable loss and immediately charge-off some or all of the balance. The general reserve component of the allowance for credit losses also consists of reserve factors that are based on management’s Commercial Real Estate – Commercial real estate mortgage loans are generally considered to possess a higher inherent risk of loss than the Company’s commercial, agricultural and consumer loan types. Adverse economic developments or an overbuilt market impact commercial real estate projects and may result in troubled loans. Trends in vacancy rates of commercial properties impact the credit quality of these loans. High vacancy rates reduce operating revenues and the ability for properties to produce sufficient cash flow to service debt obligations. Real Estate Construction – Real estate construction loans, including land loans, are generally considered to possess a higher inherent risk of loss than the Company’s commercial, agricultural and consumer loan types. A major risk arises from the necessity to complete projects within specified cost and time lines. Trends in the construction industry significantly impact the credit quality of these loans, as demand drives construction activity. In addition, trends in real estate values significantly impact the credit quality of these loans, as property values determine the economic viability of construction projects. Commercial – These loans are generally considered to possess a moderate inherent risk of loss because they are shorter-term; typically made to relationship customers; generally underwritten to existing cash flows of operating businesses; and may be collateralized by fixed assets, inventory and/or accounts receivable. Debt coverage is provided by business cash flows and economic trends influenced by unemployment rates and other key economic indicators are closely correlated to the credit quality of these loans. Agricultural Real Estate and Agricultural – These loans are generally considered to possess a moderate inherent risk of loss since they are typically made to relationship customers and are secured by crop production, livestock and related real estate. These loans are vulnerable to two risk factors that are largely outside the control of Company and borrowers: commodity prices and weather conditions. Leases – Equipment leases are generally considered to possess a moderate inherent risk of loss. As lessor, the Company is subject to both the credit risk of the borrower and the residual value risk of the equipment. Credit risks are underwritten using the same credit criteria the Company would use when making an equipment term loan. Residual value risk is managed through the use of qualified, independent appraisers that establish the residual values the Company uses in structuring a lease. Residential 1st Mortgages and Home Equity Lines and Loans – These loans are generally considered to possess a lower inherent risk of loss. The degree of risk in residential real estate lending depends primarily on the loan amount in relation to collateral value, the interest rate and the borrower’s borrowers’ Consumer & Other – A consumer installment loan portfolio is usually comprised of a large number of small loans scheduled to be amortized over a specific period. Most installment loans are made for consumer purchases. Economic trends determined by unemployment rates and other key economic indicators are closely correlated to the credit quality of these loans. Weak economic trends indicate that the borrowers’ At least quarterly, the Board of Directors reviews the adequacy of the allowance, including consideration of the relative risks in the portfolio, current economic conditions and other factors. If the Board of Directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. In addition, the Company’s and Bank’s Acquired Loans Loans acquired through purchase or through a business combination are recorded at their fair value at the acquisition date. Credit discounts, which reflect estimates of credit losses, expected to be incurred over the life of the loan, are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company also maintains a separate allowance for off-balance-sheet commitments. Management estimates anticipated losses using historical data and utilization assumptions. The allowance for off-balance-sheet commitments is included in Interest Payable and Other Liabilities on the Company’s Consolidated Balance Sheet. Right of Use Lease Asset & Lease Liability The Company leases retail space and office space under operating leases. Most leases require the Company to pay real estate taxes, maintenance, insurance and other similar costs in addition to the base rent. Certain leases also contain lease incentives, such as tenant improvement allowances and rent abatement. Variable lease payments are recognized as lease expense as they are incurred. We record an operating lease right of use (ROU) asset and an operating lease liability (lease liability) for operating leases with a lease term greater than months. The ROU asset and lease liability are recorded in other assets and other liabilities, respectively, in the consolidated statement of financial condition. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Accordingly, ROU assets are reduced by tenant improvement allowances from landlords plus any prepaid rent. We do not separate lease and non-lease components of contracts. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. Many of our leases contain various provisions for increases in rental rates, based either on changes in the published Consumer Price Index or a predetermined escalation schedule, which are factored into our determination of lease payments when appropriate. A majority of the leases provide the Company with the option to extend the lease term or more times following expiration of the initial term. The ROU asset and lease liability terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic “Revenue from Contracts with Customers” (“Topic ”). Under Topic the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. The Company’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is limited judgment involved in applying Topic that significantly affects the determination of the amount and timing of revenue from contracts with customers. Premises and Equipment Premises, equipment, and leasehold improvements are stated at cost, less accumulated depreciation and amortization. Depreciation is computed principally by the straight-line method over the estimated useful lives of the assets. Estimated useful lives of buildings range from 30 to 40 years, and for furniture and equipment from three five Other Real Estate Other real estate, which is included in other assets, is expected to be sold and is comprised of properties no longer utilized for business operations and property acquired through foreclosure in satisfaction of indebtedness. These properties are recorded at fair value less estimated selling costs upon acquisition. Revised estimates to the fair value less cost to sell are reported as adjustments to the carrying amount of the asset, provided that such adjusted value is not in excess of the carrying amount at acquisition. Initial losses on properties acquired through full or partial satisfaction of debt are treated as credit losses and charged to the allowance for credit losses at the time of acquisition. Subsequent declines in value from the recorded amounts, routine holding costs, and gains or losses upon disposition, if any, are included in non-interest expense as incurred. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law by Congress and was amended and extended by the Consolidated Appropriations Act of 2021 (“H.R. 133”) on December 21, 2020. The CARES Act and H.R. 133 restrict the ability of financial institutions to exercise their foreclosure rights on residential and multi-family properties backed by federally guaranteed mortgage loans. The State of California has gone further and temporarily suspended all residential and commercial foreclosures through September 30, 2021. The Company is working with its borrowers when they make requests to defer payments on their mortgage loans. See “Note 2 – Risks and Uncertainties” for additional information on the CARES Act and H.R. 133 and the impact of COVID-19 on the Company. Income Taxes The Company uses the liability method of accounting for income taxes. This method results in the recognition of deferred tax assets and liabilities that are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The deferred provision for income taxes is the result of the net change in the deferred tax asset and deferred tax liability balances during the year. This amount combined with the current taxes payable or refundable results in the income tax expense for the current year. The Company follows the standards set forth in the “Income Taxes” topic of the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. This standard prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company accounts for leases with Investment Tax Credits (ITC) under the deferred method as established in ASC 740-10. ITC are viewed and accounted for as a reduction of the cost of the related assets and presented as deferred income on the Company’s financial statement. The Company accounts for its interest in Low Income Housing Tax Credits (LIHTC) using the cost method as established in ASC 323-740. As an investor, the Company obtains income tax credits and deductions from the operating losses of these tax credit entities. The income tax credits and deductions are allocated to the investors based on their ownership percentages and are recorded as a reduction of income tax expense (or an increase to income tax benefit) and a reduction of federal income taxes payable. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. For the three and six months ended June and the Company has no material uncertain tax positions and recognized interest or penalties. The Company’s policy is to recognize interest and penalties related to income taxes in the provision for income taxes in the Consolidated Statement of Income. Basic and Diluted Earnings Per Common Share The Company’s common stock is not traded on any exchange. However, trades are reported on the OTCQX under the symbol “FMCB”. The shares are primarily held by local residents and are not actively traded. Basic earnings per common share amounts are computed by dividing net income by the weighted average number of common shares outstanding for the period. There are common stock equivalent shares. – “Dividends and Basic and Diluted Earnings Per Common Share” for additional information. Segment Reporting The “Segment Reporti

Risks and Uncertainties

Risks and Uncertainties	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
Risks and Uncertainties	2. Risks and Uncertainties T he COVID-19 pandemic has affected all of us. Designated as an “essential business”, the Company’s subsidiary, Farmers & Merchants Bank of Central California, has kept all branches open and maintained regular business hours during these difficult times. Our staffing levels have remained stable during the COVID-19 crisis. We have taken what we believe are prudent measures to protect our employees and customers, while still providing core banking services. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law and was amended and extended by the Consolidated Appropriations Act of 2021 (“H.R. 133”) on December 21, 2020. Through this legislation, as well as related federal and state regulatory actions, the federal government has taken extraordinary efforts to provide financial assistance to individuals and companies to help them move through these difficult times. However, there are no guaranties how long the COVID-19 virus may continue to impact our economy, and therefore, the Company. While tremendous strides have been made in fighting the virus, particularly with the development of a vaccine, the lingering effects of COVID-19 could have an adverse future impact on our business, financial condition and results of operations, however, we are unable to predict the extent or nature of these impacts at the current time.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2021
Investment Securities [Abstract]
Investment Securities	3. Investment Securities The amortized cost, fair values, and unrealized gains and losses of the debt securities available-for-sale are as follows (in thousands) Amortized Gross Unrealized Fair June 30 2021 Cost Gains Losses Value US Treasury Notes $ 9,905 $ 282 $ - $ 10,187 US Government Agency SBA 7,323 73 49 7,347 Mortgage-Backed Securities (1)(2) 286,529 4,894 3,806 287,617 Other 46,510 - - 46,510 Total $ 350,267 $ 5,249 $ 3,855 $ 351,661 Amortized Gross Unrealized Fair December 31 2020 Cost Gains Losses Value US Treasury Notes $ 14,859 $ 429 $ - $ 15,288 US Government Agency SBA 8,252 1 93 8,160 Mortgage-Backed Securities (1) 720,562 17,359 48 737,873 Corporate Securities 45,010 927 18 45,919 Other 492 - - 492 Total $ 789,175 $ 18,716 $ 159 $ 807,732 Amortized Gross Unrealized Fair June 30 2020 Cost Gains Losses Value US Treasury Notes $ 64,802 $ 583 $ 1 $ 65,384 US Government Agency SBA 9,397 1 110 9,288 Mortgage-Backed Securities (1) 448,904 20,326 5 469,225 Corporate Securities 10,190 25 12 10,203 Other 15,307 - - 15,307 Total $ 548,600 $ 20,935 $ 128 $ 569,407 (1) All Mortgage-backed securities consist of securities collateralized by residential real estate and were issued by an agency or government-sponsored entity of the U.S. government. (2) During Q the Company transferred of AFS securities to HTM. The amortized cost, estimated fair values and unrealized gains and losses of investments classified as held-to-maturity are as follows (in thousand s): Amortized Gross Unrealized Fair June 30 2021 Cost Gains Losses Value Obligations of States and Political Subdivisions $ 68,471 $ 895 $ - $ 69,366 Mortgage Backed Securities (1)(2) 427,999 7 7,187 420,819 Total $ 496,470 $ 902 $ 7,187 $ 490,185 Amortized Gross Unrealized Fair December 31 2020 Cost Gains Losses Value Obligations of States and Political Subdivisions $ 68,933 $ 1,116 $ - $ 70,049 Total $ 68,933 $ 1,116 $ - $ 70,049 Amortized Gross Unrealized Fair June 30 2020 Cost Gains Losses Value Obligations of States and Political Subdivisions $ 69,036 $ 1,158 $ - $ 70,194 Total $ 69,036 $ 1,158 $ - $ 70,194 (1) All Mortgage-backed securities were issued by an agency or government-sponsored entity of the U.S. Government. (2) During Q the Company transferred of AFS securities to HTM. As part of our ongoing review of our investment securities portfolio, we reassessed the classification of certain MBS securities. During the quarter of we transferred of these securities, which we intend and have the ability to hold to maturity, from available-for-sale securities to held-to-maturity at fair value. The unrealized pre-tax loss of at the date of transfer remained in accumulated other comprehensive income and is amortized to yield over the remaining lives of the securities. Fair values are based on quoted market prices or dealer quotes. If a quoted market price or dealer quote is not available, fair value is estimated using quoted market prices for similar securities. The amortized cost and estimated fair values of investment securities at June 30, 2021 by contractual maturity are shown in the following table (in thousand s): Available-for-Sale Held-to-Maturity June 30 2021 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 51,494 $ 51,587 $ 7,808 $ 7,808 After one year through five years 5,153 5,341 5,804 5,840 After five years through ten years 601 604 21,182 21,937 After ten years 6,490 6,512 33,677 33,781 63,738 64,044 68,471 69,366 Investment securities not due at a single maturity date: Mortgage-backed securities 286,529 287,617 427,999 420,819 Total $ 350,267 $ 351,661 $ 496,470 $ 490,185 Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The following tables show those investments with gross unrealized losses and their market value aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at the dates indicated (in thousand s) : Less Than 12 Months 12 Months or More Total June 30 2021 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available-for-Sale U.S. Government Agency SBA $ 172 $ 1 $ 2,328 $ 48 $ 2,500 $ 49 Mortgage-Backed Securities 143,643 3,804 124 2 143,767 3,806 Total $ 143,815 $ 3,805 $ 2,452 $ 50 $ 146,267 $ 3,855 Securities Held-to-Maturity Mortgage Backed Securities 419,976 7,187 - - $ 419,976 $ 7,187 Total $ 419,976 $ 7,187 $ - $ - $ 419,976 $ 7,187 Less Than 12 Months 12 Months or More Total December 31 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available-for-Sale U.S. Government Agency SBA $ 1,741 $ 3 $ 6,126 $ 90 $ 7,867 $ 93 Mortgage-Backed Securities 20,142 45 177 3 20,319 48 Corporate Securities 4,041 18 - - 4,041 18 Total $ 25,924 $ 66 $ 6,303 $ 93 $ 32,227 $ 159 There were no HTM investments with gross unrealized losses at December 31, 2020 Less Than 12 Months 12 Months or More Total June 30 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available-for-Sale U.S. Treasury Notes $ 49,996 $ 1 $ - $ - $ 49,996 $ 1 U.S. Government Agency SBA 4,396 14 4,293 96 8,689 110 Mortgage-Backed Securities - - 215 5 215 5 Corporate Securities 2,547 12 - - 2,547 12 Total $ 56,939 $ 27 $ 4,508 $ 101 $ 61,447 $ 128 There were no HTM investments with gross unrealized losses at June 30, 2020. As of June 30, 2021, the Company held 562 investment securities of which 65 were in an unrealized loss position for less than twelve months. 61 securities were in an unrealized loss position for twelve months or more. Management periodically evaluates each investment security for other-than-temporary impairment relying primarily on industry analyst reports and observations of market conditions and interest rate fluctuations. Management believes it will be able to collect all amounts due according to the contractual terms of the underlying investment securities. U.S. Treasury Notes – At June 30, 2021 U.S. Treasury Note security investments were in an unrealized loss position. The unrealized loss on the Company’s investment in a U.S. Treasury Notes was and at June December and June respectively. The unrealized losses were caused by interest rate fluctuations. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Company did not intend to sell the securities and it is was more likely than not that the Company would not have to sell the securities before recovery of their cost basis, the Company did not consider these investments to be other-than-temporarily impaired at June U.S. Government Agency SBA – At June 30, 2021 U.S. Government Agency SBA security investments were in an unrealized loss position for less than 12 months and were in an unrealized loss position for 12 months or more. The unrealized losses on the Company’s investment in U.S. Government Agency SBA securities were and at June December and June respectively. The unrealized losses were caused by interest rate fluctuations. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell the securities and it is more likely than not that the Company will not have to sell the securities before recovery of their cost basis, the Company did not consider these investments to be other-than-temporarily impaired at June December and June Mortgage-Backed Securities – At June mortgage-backed security investments were in an unrealized loss position for less than months and were in an unrealized loss position for months or more. The unrealized losses on the Company’s investment in mortgage-backed securities were , and at June December and June respectively. The unrealized losses were caused by interest rate fluctuations. The contractual cash flows of these investments are guaranteed by an agency or government-sponsored entity of the U.S. government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost of the Company’s investment. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell the securities and it is more likely than not that the Company will not have to sell the securities before recovery of their cost basis, the Company did not consider these investments to be other-than-temporarily impaired at June December and June Corporate Securities - At June we had corporate securities in our portfolio, having sold all positions during the quarter of The unrealized losses on the Company’s investment in the corporate securities were and at June December and June respectively. Changes in the prices of corporate securities are primarily influenced by: changes in market interest rates; changes in perceived credit risk in the general economy or in particular industries; changes in the perceived credit risk of a particular company; and day to day trading supply, demand and liquidity. The Company monitors the status of each of our corporate securities and at the current time does not believe any of them to be exhibiting financial problems that could result in a loss in any individual security. Because the Company did not intend to sell the securities and it was more likely than not that the Company would not have to sell the securities before recovery of their cost basis, the Company did not consider these investments to be other-than-temporarily impaired at December and June Other Securities – At June 30, 2021, none of the Other securities were in an unrealized loss position. Other securities consisted of Money Market accounts held at investment brokerages. Obligations of States and Political Subdivisions – At June obligations of states and political subdivisions were in an unrealized loss position. As of June the Company’s bank-qualified municipal bond portfolio was rated at either the issue or issuer level, and all of these ratings were “investment grade.” The Company monitors the status of all municipal investments in the portfolio and at the current time does not believe any of them to be exhibiting financial problems that could result in a loss in any individual security. There were unrealized losses on the Company’s investment in obligations of states and political subdivisions at June December and June Proceeds from sales and calls of securities for the periods shown were as follows: Three Months Ended Six Months Ended (in s) 2021 2020 2021 2020 Proceeds $ 236,082 $ 745 $ 299,870 $ 3,000 Gains 3,730 - 5,570 13 Losses 3,016 - 3,016 - Pledged Securities As of June 30, 2021, securities carried at $465.8 million were pledged to secure public deposits, Federal Home Loan Bank (“FHLB”) borrowings, and other government agency deposits as required by law. This amount was $439.7 million at December 31, 2020, and $370.4 million at June 30, 2020.

Federal Home Loan Bank Stock an

Federal Home Loan Bank Stock and Other Equity Securities, at Cost	6 Months Ended
	Jun. 30, 2021
Federal Home Loan Bank Stock and Other Equity Securities, at Cost [Abstract]
Federal Home Loan Bank Stock and Other Equity Securities, at Cost	4. Federal Home Loan Bank Stock and Other Equity Securities, at Cost The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock and other equity securities are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. FHLB stock and other equity securities are reported in Interest Receivable and Other Assets on the Company’s Consolidated Balance Sheets and totaled $ million at June 30, 2021, and at December and June 30,

Loans & Leases

Loans & Leases	6 Months Ended
	Jun. 30, 2021
Loans & Leases [Abstract]
Loans & Leases	5. Loans & Leases Loans & Leases consisted of the following: (in thousands) June 30, 2021 December 31, 2020 June 30, 2020 Commercial Real Estate $ 1,033,747 $ 971,326 $ 873,922 Agricultural Real Estate 630,515 643,014 635,077 Real Estate Construction 170,933 185,741 166,548 Residential 1st Mortgages 304,859 299,379 272,209 Home Equity Lines and Loans 32,026 34,239 37,966 Agricultural 236,436 264,372 261,986 Commercial 361,432 374,816 369,817 Consumer & Other (1) 177,042 235,529 361,035 Leases 99,502 103,117 103,229 Total Gross Loans & Leases 3,046,492 3,111,533 3,081,789 Less: Unearned Income 13,296 11,941 17,277 Subtotal 3,033,196 3,099,592 3,064,512 Less: Allowance for Credit Losses 60,229 58,862 55,058 Net Loans & Leases $ 2,972,967 $ 3,040,730 $ 3,009,454 (1) Includes CARES Act Small Business Administration Paycheck Protection Program loans of $ , and as of June 30, 2021, December 31, 2020 and June 30, 2020, respectively. Paycheck Protection Program (“PPP”) … Under the CARES Act and H.R. 133 (see “Note 2 – Risks and Uncertainties”) the Small Business Administration (“SBA”) was directed by Congress to provide loans to small businesses with less than 500 employees to assist these businesses in meeting their payroll and other financial obligations during the COVID-19 pandemic. These government guaranteed loans are made with an interest rate of 1%, a risk weight of 0% under risk-based capital rules, have a term of two to five years, and under certain conditions the SBA will forgive them. The Bank actively participated in the PPP, and since April, 2020 the Bank has funded $ million of loans for over small business customers. At June 30, 2021, the portion of loans that were approved for pledging as collateral on borrowing lines with the Federal Home Loan Bank (“FHLB”) and the Federal Reserve Bank (“FRB”) were $993.7 million and $687.4 million, respectively. The borrowing capacity on these loans was $716 million from FHLB and $429.2 million from the FRB.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2021
Allowance for Credit Losses [Abstract]
Allowance for Credit Losses	6. Allowance for Credit Losses The Company was originally scheduled to implement ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (“CECL”) as of January 1, 2020. The CARES Act and H.R. 133 provide the election to defer CECL implementation until January 1, 2022. The Company has elected to delay CECL implementation. The following tables show the allocation of the allowance for credit losses by portfolio segment and by impairment methodology at the dates indicated (in thousands) June 30 2021 Commercial Real Estate Agricultural Real Estate Real Estate Construction Residential 1st Mortgages Home Equity Lines & Loans Agricultural Commercial Consumer & Other Leases Unallocated Total Year-To-Date Allowance for Credit Losses: Beginning Balance- December 31, 2020 $ 27,679 $ 8,633 $ 1,643 $ 960 $ 2,024 $ 4,814 $ 9,961 $ 333 $ 1,731 $ 1,084 $ 58,862 Charge-Offs - - - - - - - (16 ) - - (16 ) Recoveries - - - 59 11 5 45 13 - - 133 Provision 1,211 474 (238 ) (62 ) (136 ) (267 ) (86 ) (49 ) (92 ) 495 1,250 Ending Balance- June 30 2021 $ 28,890 $ 9,107 $ 1,405 $ 957 $ 1,899 $ 4,552 $ 9,920 $ 281 $ 1,639 $ 1,579 $ 60,229 Second Quarter Allowance for Credit Losses: Beginning Balance- March 31, 2021 $ 29,066 $ 9,048 $ 1,647 $ 967 $ 1,914 $ 4,247 $ 9,976 $ 296 $ 1,674 $ 1,340 $ 60,175 Charge-Offs - - - - - - - (8 ) - - (8 ) Recoveries - - - 31 7 2 16 6 - - 62 Provision (176 ) 59 (242 ) (41 ) (22 ) 303 (72 ) (13 ) (35 ) 239 - Ending Balance- June 30 2021 $ 28,890 $ 9,107 $ 1,405 $ 957 $ 1,899 $ 4,552 $ 9,920 $ 281 $ 1,639 $ 1,579 $ 60,229 Ending Balance Individually Evaluated for Impairment - - - 97 7 - 11 44 - - 159 Ending Balance Collectively Evaluated for Impairment 28,890 9,107 1,405 860 1,892 4,552 9,909 237 1,639 1,579 60,070 Loans & Leases: Ending Balance $ 1,020,077 $ 630,515 $ 170,933 $ 304,859 $ 32,026 $ 236,436 $ 361,432 $ 177,042 $ 99,876 $ - $ 3,033,196 Ending Balance Individually Evaluated for Impairment 93 - - 1,929 140 6,177 224 182 - - 8,745 Ending Balance Collectively Evaluated for Impairment $ 1,019,984 $ 630,515 $ 170,933 $ 302,930 $ 31,886 $ 230,259 $ 361,208 $ 176,860 $ 99,876 $ - $ 3,024,451 December 31, 2020 Commercial Real Estate Agricultural Real Estate Real Estate Construction Residential 1st Mortgages Home Equity Lines & Loans Agricultural Commercial Consumer & Other Leases Unallocated Total Year-To-Date Allowance for Credit Losses: Beginning Balance- December 31, 2019 $ 11,053 $ 15,128 $ 1,949 $ 855 $ 2,675 $ 8,076 $ 11,466 $ 456 $ 3,162 $ 192 $ 55,012 Charge-Offs - - - - (7 ) - (1,101 ) (66 ) - - (1,174 ) Recoveries - - - 52 78 81 280 33 - - 524 Provision 16,626 (6,495 ) (306 ) 53 (722 ) (3,343 ) (684 ) (90 ) (1,431 ) 892 4,500 Ending Balance- December 31, 2020 $ 27,679 $ 8,633 $ 1,643 $ 960 $ 2,024 $ 4,814 $ 9,961 $ 333 $ 1,731 $ 1,084 $ 58,862 Ending Balance Individually Evaluated for Impairment - - - 117 8 92 20 52 - - 289 Ending Balance Collectively Evaluated for Impairment 27,679 8,633 1,643 843 2,016 4,722 9,941 281 1,731 1,084 58,573 Loans & Leases: Ending Balance $ 958,980 $ 643,014 $ 185,741 $ 299,379 $ 34,239 $ 264,372 $ 374,816 $ 235,529 $ 103,522 $ - $ 3,099,592 Ending Balance Individually Evaluated for Impairment 104 5,629 - 2,365 158 495 233 254 - - 9,238 Ending Balance Collectively Evaluated for Impairment $ 958,876 $ 637,385 $ 185,741 $ 297,014 $ 34,081 $ 263,877 $ 374,583 $ 235,275 $ 103,522 $ - $ 3,090,354 June 30 2020 Commercial Real Estate Agricultural Real Estate Real Estate Construction Residential 1st Mortgages Home Equity Lines & Loans Agricultural Commercial Consumer & Other Leases Unallocated Total Year-To-Date Allowance for Credit Losses: Beginning Balance- December 31, 2019 $ 11,053 $ 15,128 $ 1,949 $ 855 $ 2,675 $ 8,076 $ 11,466 $ 456 $ 3,162 $ 192 $ 55,012 Charge-Offs - - - - (7 ) - (426 ) (29 ) - - (462 ) Recoveries - - - 46 34 30 80 18 - - 208 Provision 10,370 (6,107 ) (497 ) 870 (463 ) (3,316 ) (1,077 ) (86 ) (362 ) 968 300 Ending Balance- June 30 2020 $ 21,423 $ 9,021 $ 1,452 $ 1,771 $ 2,239 $ 4,790 $ 10,043 $ 359 $ 2,800 $ 1,160 $ 55,058 Second Quarter Allowance for Credit Losses: Beginning Balance- March 31, 2020 $ 11,122 $ 14,469 $ 1,927 $ 1,037 $ 2,783 $ 6,959 $ 12,214 $ 382 $ 3,188 $ 743 $ 54,824 Charge-Offs - - - - (7 ) - (182 ) (8 ) - - (197 ) Recoveries - - - 26 13 3 79 10 - - 131 Provision 10,301 (5,448 ) (475 ) 708 (550 ) (2,172 ) (2,068 ) (25 ) (388 ) 417 300 Ending Balance- June 30 2020 $ 21,423 $ 9,021 $ 1,452 $ 1,771 $ 2,239 $ 4,790 $ 10,043 $ 359 $ 2,800 $ 1,160 $ 55,058 Ending Balance Individually Evaluated for Impairment 6 - - 121 8 79 - 25 - - 239 Ending Balance Collectively Evaluated for Impairment 21,417 9,021 1,452 1,650 2,231 4,711 10,043 334 2,800 1,160 54,819 Loans & Leases: Ending Balance $ 855,762 $ 635,077 $ 166,548 $ 272,209 $ 37,966 $ 261,986 $ 369,817 $ 361,035 $ 104,112 $ - $ 3,064,512 Ending Balance Individually Evaluated for Impairment 1,663 5,629 - 2,411 168 473 10 195 - - 10,549 Ending Balance Collectively Evaluated for Impairment $ 854,099 $ 629,448 $ 166,548 $ 269,798 $ 37,798 $ 261,513 $ 369,807 $ 360,840 $ 104,112 $ - $ 3,053,963 The ending balance of loans individually evaluated for impairment includes restructured loans in the amount of $361,000 at June 30, 2021, $876,000 at December 31, 2020 and $3.1 million at June 30, 2020, which are no longer disclosed or classified as TDRs since they were restructured at market terms. The following tables show the loan & lease portfolio allocated by management’s internal risk ratings at the dates indicated (in thousands) June 30 2021 Pass (1) Special Mention Substandard Total Loans & Leases Loans & Leases: Commercial Real Estate $ 1,004,715 $ 5,990 $ 9,372 $ 1,020,077 Agricultural Real Estate 621,165 2,811 6,539 630,515 Real Estate Construction 170,933 - - 170,933 Residential 1st Mortgages 304,089 - 770 304,859 Home Equity Lines & Loans 31,848 - 178 32,026 Agricultural 235,716 64 656 236,436 Commercial 352,598 8,143 691 361,432 Consumer & Other 176,745 - 297 177,042 Leases 99,876 - - 99,876 Total $ 2,997,685 $ 17,008 $ 18,503 $ 3,033,196 (1) Includes “Watch” loans of $ million. December 31, 2020 Pass (1) Special Mention Substandard Total Loans & Leases Loans & Leases: Commercial Real Estate $ 946,621 $ 7,849 $ 4,510 $ 958,980 Agricultural Real Estate 631,043 400 11,571 643,014 Real Estate Construction 185,741 - - 185,741 Residential 1st Mortgages 298,689 - 690 299,379 Home Equity Lines and Loans 34,058 - 181 34,239 Agricultural 263,781 96 495 264,372 Commercial 373,038 1,060 718 374,816 Consumer & Other 235,063 - 466 235,529 Leases 103,522 - - 103,522 Total $ 3,071,556 $ 9,405 $ 18,631 $ 3,099,592 (1) Includes “Watch” loans of $ million. June 30 2020 Pass (1) Special Mention Substandard Total Loans & Leases Loans & Leases: Commercial Real Estate $ 843,952 $ 7,300 $ 4,510 $ 855,762 Agricultural Real Estate 620,754 1,530 12,793 635,077 Real Estate Construction 166,548 - - 166,548 Residential 1st Mortgages 271,507 - 702 272,209 Home Equity Lines & Loans 37,780 - 186 37,966 Agricultural 261,085 - 901 261,986 Commercial 366,204 2,309 1,304 369,817 Consumer & Other 360,352 - 683 361,035 Leases 104,112 - - 104,112 Total $ 3,032,294 $ 11,139 $ 21,079 $ 3,064,512 (1) Includes “Watch” loans of $ million. See “Note 1. Significant Accounting Policies - Allowance for Credit Losses” for a description of the internal risk ratings used by the Company. There were no loans or leases outstanding at June 30, 2021, December 31, 2020, and June 30, 2020, rated doubtful or loss. The following tables show an aging analysis of the loan & lease portfolio, including unearned income, by the time past due at the dates indicated (in thousands) June 30 2021 30-59 Days Past Due 60-89 Days Past Due 90 Days and Still Accruing Nonaccrual Total Past Due Current Total Loans & Leases Loans & Leases: Commercial Real Estate $ - $ - $ - $ - $ - $ 1,020,077 $ 1,020,077 Agricultural Real Estate - - - 19 19 630,496 630,515 Real Estate Construction - - - - - 170,933 170,933 Residential 1st Mortgages - - - - - 304,859 304,859 Home Equity Lines & Loans - - - - - 32,026 32,026 Agricultural - - - 529 529 235,907 236,436 Commercial - - - - - 361,432 361,432 Consumer & Other 38 - - - 38 177,004 177,042 Leases - - - - - 99,876 99,876 Total $ 38 $ - $ - $ 548 $ 586 $ 3,032,610 $ 3,033,196 December 31, 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days and Still Accruing Nonaccrual Total Past Due Current Total Loans & Leases Loans & Leases: Commercial Real Estate $ - $ - $ - $ - $ - $ 958,980 $ 958,980 Agricultural Real Estate - - - 495 495 642,519 643,014 Real Estate Construction - - - - - 185,741 185,741 Residential 1st Mortgages - - - - - 299,379 299,379 Home Equity Lines and Loans - - - - - 34,239 34,239 Agricultural - - - - - 264,372 264,372 Commercial - - - - - 374,816 374,816 Consumer & Other 11 - - - 11 235,518 235,529 Leases - - - - - 103,522 103,522 Total $ 11 $ - $ - $ 495 $ 506 $ 3,099,086 $ 3,099,592 June 30 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days and Still Accruing Nonaccrual Total Past Due Current Total Loans & Leases Loans & Leases: Commercial Real Estate $ - $ 258 $ - $ - $ 258 $ 855,504 $ 855,762 Agricultural Real Estate - - - - - 635,077 635,077 Real Estate Construction - - - - - 166,548 166,548 Residential 1st Mortgages - - - - - 272,209 272,209 Home Equity Lines & Loans - - - - - 37,966 37,966 Agricultural - - - 473 473 261,513 261,986 Commercial - - - - - 369,817 369,817 Consumer & Other 97 - - - 97 360,938 361,035 Leases - - - - - 104,112 104,112 Total $ 97 $ 258 $ - $ 473 $ 828 $ 3,063,684 $ 3,064,512 Non-accrual loans & leases were $548,000 at June 30, 2021, $495,000 at December 31, 2020 and $473,000 at June 30, 2020. Foregone interest income on non-accrual loans & leases, which would have been recognized during the period, if all such loans & leases had been current in accordance with their original terms, totaled $25,200, $22,000, and $8,100 at June 30, 2021, December 31, 2020 and June 30, 2020 respectively. The following tables show information related to impaired loans & leases for the periods indicated (in thousands) Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 June 30 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ 80 $ 80 $ - $ 40 $ 5 $ 41 $ 5 Agricultural Real Estate 5,629 5,629 - 5,629 236 5,629 385 Agricultural 492 534 - 493 34 370 34 Commercial 9 9 - 5 - 2 - $ 6,210 $ 6,252 $ - $ 6,167 $ 275 $ 6,042 $ 424 With an allowance recorded: Commercial Real Estate $ - $ - $ - $ 42 $ - $ 42 $ 3 Residential 1st Mortgages 1,666 1,891 83 1,665 36 1,665 56 Home Equity Lines & Loans 61 73 3 63 2 63 3 Agricultural - - - 123 - 123 - Commercial 215 215 11 226 8 226 12 Consumer & Other 183 183 44 186 6 186 10 $ 2,125 $ 2,362 $ 141 $ 2,305 $ 52 $ 2,305 $ 84 Total $ 8,335 $ 8,614 $ 141 $ 8,472 $ 327 $ 8,347 $ 508 December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ 84 $ 84 $ - $ 764 $ 35 Agricultural Real Estate 5,629 5,629 - 5,629 352 Agricultural 3 3 - 2 - Commercial - - - 377 16 $ 5,716 $ 5,716 $ - $ 6,772 $ 403 With an allowance recorded: Commercial Real Estate $ - $ - $ - $ 21 $ 1 Agricultural Real Estate - - - 137 - Residential 1st Mortgages 1,671 1,895 84 1,652 76 Home Equity Lines and Loans 64 75 3 66 4 Agricultural 492 534 92 410 59 Commercial 234 234 13 123 18 Consumer & Other 190 191 56 194 13 $ 2,651 $ 2,929 $ 248 $ 2,603 $ 171 Total $ 8,367 $ 8,645 $ 248 $ 9,375 $ 574 Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 June 30 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ - $ - $ - $ 1,444 $ 2 $ 1,466 $ 31 Agricultural Real Estate 5,629 5,629 - 5,629 87 5,636 176 Commercial - - - 754 1 754 16 $ 5,629 $ 5,629 $ - $ 7,827 $ 90 $ 7,856 $ 223 With an allowance recorded: Commercial Real Estate $ 84 $ 84 $ 6 $ 42 $ 1 $ 727 $ 1 Agricultural Real Estate - - - 275 - 275 - Residential 1st Mortgages 1,702 1,921 85 1,626 21 1,591 40 Home Equity Lines & Loans 67 77 3 67 1 68 2 Agricultural 473 487 79 329 43 257 45 Commercial 10 10 - 11 2 390 2 Consumer & Other 195 196 25 196 3 197 7 $ 2,531 $ 2,775 $ 198 $ 2,546 $ 71 $ 3,505 $ 97 Total $ 8,160 $ 8,404 $ 198 $ 10,373 $ 161 $ 11,361 $ 320 Total recorded investment shown in the prior table will not equal the total ending balance of loans & leases individually evaluated for impairment on the allocation of allowance table. This is because this table does not include impaired loans that were previously modified in a troubled debt restructuring, are currently performing and are no longer disclosed or classified as TDR’s since they were restructured at market terms. Since April 2020, we have restructured $278.1 million of loans under the CARES Act and H.R. 133 guidelines. As of June 30, 2021, $176,400 of these loans remain in a deferral status, the other loans having returned to making principal and/or interest payments. We believe that these actions will assist these borrowers in getting through these difficult times, but no guaranties can be made that at some time in the future these loans will not be required to be accounted for as a TDR. For borrowers who are 30 days or more past due when enrolling in a loan modification program related to the COVID-19 pandemic, we evaluate the loan modifications under our existing TDR framework, and where such a loan modification would result in a more than insignificant concession to a borrower experiencing financial difficulty, the loan will be accounted for as a TDR and will generally not accrue interest. See “Note 2 – Risks and Uncertainties” for additional information on the CARES Act and H.R. 133, and the impact of COVID-19 on the Company. At June 30, 2021, there were no formal foreclosure proceedings in process for consumer mortgage loans secured by residential real estate properties. At June 30, 2021, the Company allocated $141,000 of specific reserves to $8.3 million of troubled debt restructured loans & leases, of which $7.8 million were performing. The Company has no commitments at June 30, 2021 to lend additional amounts to customers with outstanding loans or leases that are classified as TDRs. During the three and six-month period ended June 30, 2021, there were no loans or leases modified as a troubled debt restructuring. During the three and six months ended June 30, 2021, the year ended December 31, 2020, and the three and six-month periods ended June 30, 2020 there were no payment defaults on loans or leases modified as troubled debt restructurings within twelve months following the modification. The Company considers a loan or lease to be in payment default once it is greater than 90 days contractually past due under the modified terms. At December 31, 2020, there were no formal foreclosure proceedings in process for consumer mortgage loans secured by residential real estate properties. At December 31, 2020, the Company allocated $158,000 of specific reserves to $7.9 million of troubled debt restructured loans, all of which were performing. The Company had no commitments at December 31, 2020 to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. Modifications involving a reduction of the stated interest rate of the loan were for 5 years. Modifications involving an extension of the maturity date range from 3 months to 10 years. The following tables present loans by class modified as troubled debt restructured loans for the periods ended indicated (in thousands) December 31, 2020 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential 1st Mortgages 2 $ 156 $ 156 Agricultural 3 495 495 Commercial 1 224 224 Total 6 $ 875 $ 875 The troubled debt restructurings described above increased the allowance for credit losses by $120,000. There were no charge-offs for the twelve months ended December 31, 2020. During the year ended December 31, 2020, there were no payment defaults on loans modified as troubled debt restructurings within twelve months following the modification. At June 30, 2020, the Company allocated $373,000 of specific reserves to $8.1 million of troubled debt restructured loans & leases, all of which were performing. The Company had no commitments at June 30, 2020 to lend additional amounts to customers with outstanding loans or leases that are classified as TDRs. During the six-month period ended June 30, 2020, there were five loans modified as a troubled debt restructuring. The modifications involved a reduction of the stated interest rate of the loan for five years and extended the maturity date for ten years. The following table presents loans or leases by class modified as troubled debt restructured loans or leases during the and -month periods ended June (in thousand s) : Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential 1st Mortgages 2 $ 156 $ 156 2 $ 156 $ 156 Agricultural 3 495 495 3 495 495 Total 5 $ 651 $ 651 5 $ 651 $ 651 During the and -months ended June there were payment defaults on loans or leases modified as troubled debt restructurings within months following the modification. The Company considers a loan or lease to be in payment default once it is greater than days contractually past due under the modified terms.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements [Abstract]
Fair Value Measurements	7. Fair Value Measurements The Company follows the “Fair Value Measurement and Disclosures” topic of the FASB ASC 820, which establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements. This standard applies whenever other standards require, or permit, assets or liabilities to be measured at fair value but does not expand the use of fair value in any new circumstances. In this standard, the FASB clarifies the principle that fair value should be based on the assumptions market participants would use when pricing the asset or liability. In support of this principle, this standard establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy is as follows: Level 1 inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Management monitors the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the beginning of the reporting period. Management evaluates the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total assets, total liabilities or total earnings. Securities classified as available-for-sale are reported at fair value on a recurring basis utilizing Level 1, 2 and 3 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s The Company does not record all loans & leases at fair value on a recurring basis. However, from time to time, a loan or lease is considered impaired and an allowance for credit losses is established. Once a loan or lease is identified as individually impaired, management measures impairment in accordance with the “Receivable” topic of the FASB ASC 310. The fair value of impaired loans or leases is estimated using one of several methods, including collateral value when the loan is collateral dependent, market value of similar debt, enterprise value, and discounted cash flows. Impaired loans & leases not requiring an allowance represent loans & leases for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans & leases. Impaired loans & leases where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. The fair value of collateral dependent impaired loans is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including sales comparison, cost and the income approach. Adjustments are often made in the appraisal process by the appraisers to take into account differences between the comparable sales and income and other available data. Such adjustments can be significant and typically result in a Level 3 classification of the inputs for determining fair value. The valuation technique used for Level 3 nonrecurring impaired loans is primarily the sales comparison approach less selling costs of 10%. Other Real Estate (“ORE”) is reported at fair value on a non-recurring basis. Fair values are based on recent real estate appraisals. These appraisals may use a single valuation approach or a combination of approaches including sales comparison, cost and the income approach. Adjustments are often made in the appraisal process by the appraisers to take into account differences between the comparable sales and income and other available data. Such adjustments can be significant and typically result in a Level 3 classification of the inputs for determining fair value. The valuation technique used for Level 3 nonrecurring ORE is primarily the sales comparison approach less selling costs of 10%. The following tables present information about the Company’s assets measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated. Fair Value Measurements At June 30, 2021, Using Fair Value Quoted Prices in Active Markets for Identical Assets Other Observable Inputs Significant Unobservable Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) Available-for-Sale Securities: U.S. Treasury Notes $ 10,187 $ 10,187 $ - $ - U.S. Government Agency SBA 7,347 - 7,348 - Mortgage-Backed Securities 287,617 - 287,617 - Other 46,510 46,200 310 - Total Assets Measured at Fair Value On a Recurring Basis $ 351,661 $ 56,387 $ 295,275 $ - Fair Value Measurements At December 31, 2020, Using Fair Value Quoted Prices in Active Markets for Identical Assets Other Observable Inputs Significant Unobservable Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) Available-for-Sale Securities: U.S. Treasury Notes $ 15,288 $ 15,288 $ - $ - U.S. Government Agency SBA 8,160 - 8,160 - Mortgage-Backed Securities 737,873 - 737,873 - Corporate Securities 45,919 - 45,919 - Other 492 182 310 - Total Assets Measured at Fair Value On a Recurring Basis $ 807,732 $ 15,470 $ 792,262 $ - Fair Value Measurements At June 30, 2020, Using Fair Value Quoted Prices in Active Markets for Identical Assets Other Observable Inputs Significant Unobservable Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) Available-for-Sale Securities: U.S. Treasury Notes $ 65,384 $ 65,384 $ - $ - U.S. Government Agency SBA 9,288 - 9,288 - Mortgage-Backed Securities 469,225 - 469,225 - Corporate Securities 10,203 - 10,203 - Other 15,307 14,997 310 - Total Assets Measured at Fair Value On a Recurring Basis $ 569,407 $ 80,381 $ 489,026 $ - Fair values for Level available-for-sale investment securities are based on quoted market prices for similar securities. During the ended June 30 there were transfers in or out of Level 1, 2, or 3 The following tables present information about the Company’s other real estate and impaired loans or leases, classes of assets or liabilities that the Company carries at fair value on a non-recurring basis, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated. Not all impaired loans or leases are carried at fair value. Impaired loans or leases are only included in the following tables when their fair value is based upon a current appraisal of the collateral, and if that appraisal results in a partial charge-off or the establishment of a specific reserve. Fair Value Measurements At June 30, 2021, Using (in thousands) Fair Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired Loans: Residential 1st Mortgage $ 1,576 $ - $ - $ 1,576 Home Equity Lines and Loans 58 - - 58 Commercial 204 - - 204 Consumer 139 - - 139 Total Impaired Loans 1,977 - - 1,977 Other Real Estate: Real Estate Construction 873 - - 873 Total Other Real Estate 873 - - 873 Total Assets Measured at Fair Value On a Non-Recurring Basis $ 2,850 $ - $ - $ 2,850 Fair Value Measurements At December 31, 2020, Using (in thousands) Fair Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired Loans: Residential 1st Mortgage $ 1,584 $ - $ - $ 1,584 Home Equity Lines and Loans 61 - - 61 Agricultural 400 - - 400 Commercial 213 - - 213 Consumer 138 - - 138 Total Impaired Loans 2,396 - - 2,396 Other Real Estate: Real Estate Construction 873 - - 873 Total Other Real Estate 873 - - 873 Total Assets Measured at Fair Value On a Non-Recurring Basis $ 3,269 $ - $ - $ 3,269 Fair Value Measurements At June 30, 2020, Using (in thousands) Fair Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired Loans: Residential 1st Mortgage $ 1,613 $ - $ - $ 1,613 Home Equity Lines and Loans 63 - - 63 Agricultural 259 - - 259 Consumer 135 - - 135 Total Impaired Loans 2,070 - - 2,070 Other Real Estate: Real Estate Construction 873 - - 873 Total Other Real Estate 873 - - 873 Total Assets Measured at Fair Value On a Non-Recurring Basis $ 2,943 $ - $ - $ 2,943 The Company’s property appraisals are primarily based on the sales comparison approach and the income approach methodologies, which consider recent sales of comparable properties, including their income generating characteristics, and then make adjustments to reflect the general assumptions that a market participant would make when analyzing the property for purchase. These adjustments may increase or decrease an appraised value and can vary significantly depending on the location, physical characteristics and income producing potential of each property. Additionally, the quality and volume of market information available at the time of the appraisal can vary from period to period and cause significant changes to the nature and magnitude of comparable sale adjustments. Given these variations, comparable sale adjustments are generally not a reliable indicator for how fair value will increase or decrease from period to period. Under certain circumstances, management discounts are applied based on specific characteristics of an individual property. The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at the dates indicated. June 30, 2021 (in thousands) Fair Value Valuation Technique Unobservable Inputs Range, Weighted Avg. Impaired Loans: Residential 1st Mortgage $ 1,576 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.69% - 4.06%, 2.57% Home Equity Lines and Loans $ 58 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 1.1% - 1.3%, 1.23% Commercial $ 204 Income Approach Capitalization Rate 10%, 10% Consumer $ 139 Income Approach Adjustment for Difference Between Comparable Sales 10%, 10% Other Real Estate: Real Estate Construction $ 873 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 10%, 10% December 31, 2020 (in thousands) Fair Value Valuation Technique Unobservable Inputs Range, Weighted Avg. Impaired Loans: Residential 1st Mortgage $ 1,584 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.72% - 4.13%, 2.57% Home Equity Lines and Loans $ 61 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 1.1% - 1.4%, 1.25% Agricultural $ 400 Income Approach Capitalization Rate 10%, 10% Commercial $ 213 Income Approach Capitalization Rate 10%, 10% Consumer $ 138 Income Approach Adjustment for Difference Between Comparable Sales 10%, 10% Other Real Estate: Real Estate Construction $ 873 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 10%, 10% June 30, 2020 (in thousands) Fair Value Valuation Technique Unobservable Inputs Range, Weighted Avg. Impaired Loans: Residential 1st Mortgage $ 1,613 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.8% - 4.2%, 2.6% Home Equity Lines and Loans $ 63 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.22% - 1.42%, 1.3% Agricultural $ 259 Income Approach Capitalization Rate 10%, 10% Consumer $ 135 Income Approach Capitalization Rate 10%, 10% Other Real Estate: Real Estate Construction $ 873 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 10%, 10%

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	8. Fair Value of Financial Instruments U.S. GAAP requires disclosure of fair value information about financial instruments, whether or not recognized on the balance sheet, for which it is practical to estimate that value. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. The use of assumptions and various valuation techniques, as well as the absence of secondary markets for certain financial instruments, will likely reduce the comparability of fair value disclosures between financial institutions. In some cases, book value is a reasonable estimate of fair value due to the relatively short period of time between origination of the instrument and its expected realization. The fair value of loans held for investment, excluding previously presented impaired loans measured at fair value on a non-recurring basis, is estimated using discounted cash flow analyses consistent with ASC 820. The discount rates used to determine fair value use interest rate spreads that reflect factors such as liquidity, risk premium, credit, and non-performance risk of the loans. Loans are considered a Level 3 classification. The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated: Fair Value of Financial Instruments Using June 30 2021 (in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value Assets: Cash and Cash Equivalents $ 834,710 $ 834,710 $ - $ - $ 834,710 Investment Securities Available-for-Sale 351,661 56,387 295,274 - 351,661 Investment Securities Held-to-Maturity 496,470 - 445,236 44,949 490,185 Loans & Leases, Net 2,972,967 - - 2,984,866 2,984,866 Accrued Interest Receivable 16,367 - 16,367 - 16,367 Liabilities: Deposits 4,412,064 4,010,525 - 402,009 4,412,534 Subordinated Debentures 10,310 - 6,831 - 6,831 Accrued Interest Payable 592 - 592 - 592 Fair Value of Financial Instruments Using December 31, 2020 (in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value Assets: Cash and Cash Equivalents $ 383,837 $ 383,837 $ - $ - $ 383,837 Investment Securities Available-for-Sale 807,732 15,470 792,262 - 807,732 Investment Securities Held-to-Maturity 68,933 - 26,262 43,787 70,049 Loans & Leases, Net 3,040,730 - - 3,045,911 3,045,911 Accrued Interest Receivable 20,333 - 20,333 - 20,333 Liabilities: Deposits 4,060,267 3,638,400 - 422,840 4,061,240 Subordinated Debentures 10,310 - 6,888 - 6,888 Accrued Interest Payable 1,383 - 1,383 - 1,383 Fair Value of Financial Instruments Using June 30 2020 (in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value Assets: Cash and Cash Equivalents $ 371,439 $ 371,439 $ - $ - $ 371,439 Investment Securities Available-for-Sale 569,407 80,691 488,716 - 569,407 Investment Securities Held-to-Maturity 69,036 - 28,893 41,301 70,194 Loans & Leases, Net 3,009,454 - - 3,001,079 3,001,079 Accrued Interest Receivable 18,083 - 18,083 - 18,083 Liabilities: Deposits 3,782,033 3,250,311 - 533,650 3,783,961 Subordinated Debentures 10,310 - 6,936 - 6,936 Accrued Interest Payable 2,183 - 2,183 - 2,183

Dividends and Basic and Diluted

Dividends and Basic and Diluted Earnings Per Common Share	6 Months Ended
	Jun. 30, 2021
Dividends and Basic and Diluted Earnings Per Common Share [Abstract]
Dividends and Basic and Diluted Earnings Per Common Share	9. Dividends and Basic and Diluted Earnings Per Common Share Farmers & Merchants Bancorp common stock is not traded on any exchange. The shares are primarily held by local residents and are not actively traded. However, trades are reported on the OTCQX under the symbol “FMCB”. On May 13, 2021, the Board of Directors declared a mid-year cash dividend of $7.50 per share, a 3.4% increase over the $7.25 per share paid on July 1, 2020. The cash dividend was paid on July 1, 2021, to shareholders of record on June 11, 2021. Basic earnings per common share amounts are computed by dividing net income by the weighted average number of common shares outstanding for the period. The following table calculates the basic earnings per common share for the three and six months ended June 30, 2021 and 2020. Three Months Ended June 30, Six Months Ended June 30, ( net income in thousands 2021 2020 2021 2020 Net Income $ 16,153 $ 14,309 $ 32,866 $ 28,431 Weighted Average Number of Common Shares Outstanding 789,646 793,556 789,646 793,530 Basic and Diluted Earnings Per Common Share $ 20.45 $ 18.03 $ 41.62 $ 35.83

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	10. Leases Lessee – Operating Leases Operating leases in which we are the lessee are recorded as operating lease right-of-use (“ROU”) assets and operating lease liabilities, included in other assets other liabilities Operating lease ROU assets represent our right to use an underlying asset during the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the lease commencement date. ROU assets are further adjusted for lease incentives. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded net in occupancy expense in the consolidated statements of income. Our leases relate primarily to office space and bank branches with remaining lease terms of generally one five As of June 30 operating lease ROU assets and liabilities were and , respectively. Operating lease expenses total for the month period ended June 30 As of June 30 operating lease ROU assets and liabilities were and , respectively. Operating leases expenses totaled for the six month period ended June 30 In the first quarter of 2021, early termination of lease resulting in reduction in ROU assets and liabilities of and respectively. The table below summarizes the information related to our operating leases: (in thousands except for percent and period data) Six Months Ended June 30, 2021 Year Ended December 31, 2020 Six Months Ended June 30, 2020 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating Cash Flow from Operating Leases $ 363 $ 795 $ 395 Weighted-Average Remaining Lease Term - Operating Leases, in Years 7.13 7.33 7.48 Weighted-Average Discount Rate - Operating Leases 2.8% 2.9% 3.2% The table below summarizes the maturity of remaining lease liability: (in thousands) June 30, 2021 2021 $ 323 2022 644 2023 653 2024 667 2025 677 2026 and thereafter 1,564 Total Lease Payments 4,528 Less: Interest (398 ) Present Value of Lease Liabilities $ 4,130 As of June 30, 2021, we have one operating lease for office space that will expire in July and we signed a new modification to renew the lease for five Lessor - Direct Financing Leases The Company is the lessor in direct finance lease arrangements. Leases are recorded at the principal balance outstanding, net of unearned income and charge-offs. Interest income is recognized using the interest method. Leases typically have a maturity of three Lease payments due to the Company are typically fixed and paid in equal installments over the lease term. Variable lease payments that do not depend on an index or a rate (e.g., property taxes) that are paid directly by the Company are minimal. The majority of property taxes are paid directly by the client to a third party and are not considered part of variable payments and therefore are not recorded by the Company. As a lessor, the Company leases certain types of agriculture equipment, solar equipment, construction equipment and other equipment to its customers. The Company’s net investment in direct financing leases was $ million at June 30, $ million at December 31, 2020 and $ million at June 30

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2021
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	11. Recent Accounting Pronouncements Accounting Standards Adopted in 2021 In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740). The updated guidance simplifies the accounting for income taxes by removing certain exceptions and improves the consistent application of GAAP by clarifying and amending other existing guidance. We adopted this ASU prospectively on January 1, 2021 which did not have a material impact on our financial condition or results of operations. Accounting Guidance Pending Adoption at June 30, 2021 The following paragraphs provide descriptions of newly issued but not yet effective accounting standards that could have a material effect on the Company’s financial position or results of operations. In March the FASB issued ASU No. - Reference Rate Reform (Topic . The amendments in this ASU are elective and provide optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The amendments in this ASU provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments in this ASU may be elected as of March through December An entity may choose to elect the amendments in this update at an interim period subsequent to March with adoption methods varying based on transaction type. We have not elected to apply these amendments. However, we will assess the applicability of the ASU to us and continue to monitor guidance for reference rate reform from FASB and its impact on our financial condition and results of operations. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848). The main amendments in this ASU are intended to clarify certain optional expedients and scope of derivative instruments. The amendments are elective and effective immediately upon issuance of this ASU. Amendments may be elected through December 31, 2022. We have not elected to apply amendments at this time, however, will assess the applicability of this ASU to us as we continue to monitor guidance for reference rate reform from FASB and its impact on our financial condition and results of operations.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements and notes thereto have been prepared in accordance with accounting principles generally accepted in the United States of America for financial information. The accompanying consolidated financial statements include the accounts of the Company and the Company’s wholly owned subsidiaries, F & M Bancorp, Inc. and the Bank, along with the Bank’s wholly owned subsidiaries, Farmers & Merchants Investment Corporation and Farmers/Merchants Corp. Significant inter-company transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K, as amended (“2020 Annual Report on Form 10-K”), for the year ended December 31, 2020 and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021 The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Accounting Guidance Pending Adoption	Accounting Guidance Pending Adoption at June The following paragraphs provide descriptions of newly issued but not yet effective accounting standards that could have a material effect on the Company’s financial position or results of operations. In June the FASB issued ASU - Financial Instruments – Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments. The ASU will require the earlier recognition of credit losses on loans and other financial instruments based on an expected loss model, replacing the incurred loss model that is currently in use. Under the new guidance, an entity will measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The expected loss model will apply to loans and leases, unfunded lending commitments, held-to-maturity debt securities and other debt instruments measured at amortized cost. The impairment model for available-for-sale debt securities will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. During the Company completed an assessment of its current expected credit losses (CECL) data and system needs, and engaged a -party vendor to assist in developing a CECL model. The Company, in conjunction with this vendor, researched and analyzed modeling standards, loan segmentation, as well as potential external inputs to supplement our historical loss history. Model validation began in the quarter of enabling the Company to complete parallel runs using data beginning with the quarter of The new guidance had been effective on January However, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) and H.R. resulted in federal banking regulators issuing an interim final rule allowing banks the option of delaying the implementation of CECL until January In addition, the national banking regulators have issued a joint statement allowing financial institutions to mitigate the effects of CECL in their regulatory capital calculations for up to years. The Company has elected to delay CECL adoption, but continues to run its CECL model quarterly to accumulate data for the ultimate implementation. Management is currently evaluating the impact that the standard will have on its consolidated financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the Consolidated Statements of Cash Flows, the Company has defined cash and cash equivalents as those amounts included in the balance sheet captions Cash and Due from Banks, Interest-Bearing Deposits with Banks, and Federal Funds Sold, which have original maturity dates of months or less. For these instruments, the carrying amount is a reasonable estimate of fair value.
Investment Securities	Investment Securities Investment securities are classified at the time of purchase as held-to-maturity (“HTM”) if it is management’s intent and the Company has the ability to hold the securities until maturity. These securities are carried at cost, adjusted for amortization of premium to earliest call date and accretion of discount using a level yield of interest over the estimated remaining period until maturity. Losses, reflecting a decline in value judged by the Company to be other than temporary, are recognized in the period in which they occur. Securities are classified as available-for-sale (“AFS”) if it is management’s intent, at the time of purchase, to hold the securities for an indefinite period of time and/or to use the securities as part of the Company’s asset/liability management strategy. These securities are reported at fair value with aggregate unrealized gains or losses excluded from income and included as a separate component of shareholders’ equity, net of related income taxes. Fair values are based on quoted market prices or broker/dealer price quotations on a specific identification basis. Gains or losses on the sale of these securities are computed using the specific identification method. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. Trading securities, if any, are acquired for short-term appreciation and are recorded in a trading portfolio and are carried at fair value, with unrealized gains and losses recorded in non-interest income. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the income statement; and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Equity securities are carried at fair value with changes in market value recognized through earnings .
Loans & Leases	Loans & Leases Loans & leases are reported at the principal amount outstanding net of unearned discounts and deferred loan & lease fees and costs. Interest income on loans & leases is accrued daily on the outstanding balances using the simple interest method. Loan & lease origination fees are deferred and recognized over the contractual life of the loan or lease as an adjustment to the yield. Loans & leases are placed on non-accrual status when the collection of principal or interest is in doubt or when they become past due for 90 days or more unless they are both well-secured and in the process of collection. For this purpose, a loan or lease is considered well-secured if it is collateralized by property having a net realizable value in excess of the amount of the loan or lease or is guaranteed by a financially capable party. When a loan or lease is placed on non-accrual status, the accrued and unpaid interest receivable is reversed and charged against current income; thereafter, interest income is recognized only as it is collected in cash. Additionally, cash would be applied to principal if all principal was not expected to be collected. Loans & leases placed on non-accrual status are returned to accrual status when the loans or leases are paid current as to principal and interest and future payments are expected to be made in accordance with the contractual terms of the loan or lease. A loan or lease is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the original agreement. Impaired loans & leases are either: (1) non-accrual loans & leases; or (2) restructured loans & leases that are still accruing interest. Loans or leases determined to be impaired are individually evaluated for impairment. When a loan or lease is impaired, the Company measures impairment based on the present value of expected future cash flows discounted at the loan or lease’s effective interest rate, except that as a practical expedient, it may measure impairment based on a loan or lease’s observable market price, or the fair value of the collateral if the loan or lease is collateral dependent. A loan or lease is collateral dependent if the repayment of the loan or lease is expected to be provided solely by the underlying collateral A restructuring of a loan or lease constitutes a troubled debt restructuring (TDR) if the Company for economic or legal reasons related to the borrower’s (the term “borrower” is used herein to describe a customer who has entered into either a loan or lease transaction) financial difficulties grants a more than insignificant concession to the borrower that it would not otherwise consider. Restructured loans & leases typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. If the restructured loan or lease was current on all payments at the time of restructure and management reasonably expects the borrower will continue to perform after the restructure, management may keep the loan or lease on accrual. Loans & leases that are on non-accrual status at the time they become TDR, remain on non-accrual status until the borrower demonstrates a sustained period of performance, which the Company generally believes to be six Generally, the Company will not restructure loans or leases for borrowers unless: (1) the existing loan or lease is brought current as to principal and interest payments; and (2) the restructured loan or lease can be underwritten to reasonable underwriting standards. If these standards are not met other actions will be pursued (e.g., foreclosure) to collect outstanding loan or lease amounts. After restructure, a determination is made whether the loan or lease will be kept on accrual status based upon the underwriting and historical performance of the restructured credit. On March the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law by Congress and was amended and extended by the Consolidated Appropriations Act of (“H.R. ”) on December The CARES Act and H.R. provide financial institutions, under specific circumstances, the opportunity to temporarily suspend certain requirements under generally accepted accounting principles related to modifications for a limited period of time to account for the effects of COVID- In March a joint statement was issued by federal and state regulatory agencies, after consultation with the FASB, to clarify that short-term loan modifications are not TDRs if made on a good-faith basis in response to COVID- to borrowers who were current prior to any relief. Under this guidance, months is provided as an example of short-term, and current is defined as less than days past due at the time the modification program is implemented. The guidance also provides that these modified loans generally will not be classified as non-accrual during the term of the modification. See “Note – Risks and Uncertainties” for additional information on the CARES Act and H.R. and the impact of COVID- on the Company.
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses is an estimate of probable incurred credit losses inherent in the Company’s The determination of the general reserve for loans & leases that are collectively evaluated for impairment is based on estimates made by management, to include, but not limited to, consideration of historical losses by portfolio segment, internal asset classifications, qualitative factors that include economic trends in the Company’s The Company maintains a separate allowance for each portfolio segment (loan & lease type). These portfolio segments include: (1) commercial real estate; (2) agricultural real estate; (3) real estate construction (including land and development loans); (4) residential 1 st Company’s The Company assigns a risk rating to all loans & leases and periodically performs detailed reviews of all such loans & leases over a certain threshold to identify credit risks and assess overall collectability. For smaller balance loans & leases, such as consumer and residential real estate, a credit grade is established at inception, and then updated only when the loan or lease becomes contractually delinquent or when the borrower requests a modification. For larger balance loans, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which borrowers operate and the fair values of collateral securing these loans & leases. These credit quality indicators are used to assign a risk rating to each individual loan or lease. These risk ratings are also subject to examination by independent specialists engaged by the Company. The risk ratings can be grouped into five major categories, defined as follows: Pass and Watch – A pass loan or lease is a strong credit with no existing or known potential weaknesses deserving of management’s Special Mention – A special mention loan or lease has potential weaknesses that deserve management’s Company’s Substandard – A substandard loan or lease is not adequately protected by the current financial condition and paying capacity of the borrower or the value of the collateral pledged, if any. Loans or leases classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Well-defined weaknesses include a project’s project’s Doubtful – Loans or leases classified doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, highly questionable or improbable. Loss – Loans or leases classified as loss are considered uncollectible. Once a loan or lease becomes delinquent and repayment becomes questionable, the Company will address collateral shortfalls with the borrower and attempt to obtain additional collateral. If this is not forthcoming and payment in full is unlikely, the Company will estimate its probable loss and immediately charge-off some or all of the balance. The general reserve component of the allowance for credit losses also consists of reserve factors that are based on management’s Commercial Real Estate – Commercial real estate mortgage loans are generally considered to possess a higher inherent risk of loss than the Company’s commercial, agricultural and consumer loan types. Adverse economic developments or an overbuilt market impact commercial real estate projects and may result in troubled loans. Trends in vacancy rates of commercial properties impact the credit quality of these loans. High vacancy rates reduce operating revenues and the ability for properties to produce sufficient cash flow to service debt obligations. Real Estate Construction – Real estate construction loans, including land loans, are generally considered to possess a higher inherent risk of loss than the Company’s commercial, agricultural and consumer loan types. A major risk arises from the necessity to complete projects within specified cost and time lines. Trends in the construction industry significantly impact the credit quality of these loans, as demand drives construction activity. In addition, trends in real estate values significantly impact the credit quality of these loans, as property values determine the economic viability of construction projects. Commercial – These loans are generally considered to possess a moderate inherent risk of loss because they are shorter-term; typically made to relationship customers; generally underwritten to existing cash flows of operating businesses; and may be collateralized by fixed assets, inventory and/or accounts receivable. Debt coverage is provided by business cash flows and economic trends influenced by unemployment rates and other key economic indicators are closely correlated to the credit quality of these loans. Agricultural Real Estate and Agricultural – These loans are generally considered to possess a moderate inherent risk of loss since they are typically made to relationship customers and are secured by crop production, livestock and related real estate. These loans are vulnerable to two risk factors that are largely outside the control of Company and borrowers: commodity prices and weather conditions. Leases – Equipment leases are generally considered to possess a moderate inherent risk of loss. As lessor, the Company is subject to both the credit risk of the borrower and the residual value risk of the equipment. Credit risks are underwritten using the same credit criteria the Company would use when making an equipment term loan. Residual value risk is managed through the use of qualified, independent appraisers that establish the residual values the Company uses in structuring a lease. Residential 1st Mortgages and Home Equity Lines and Loans – These loans are generally considered to possess a lower inherent risk of loss. The degree of risk in residential real estate lending depends primarily on the loan amount in relation to collateral value, the interest rate and the borrower’s borrowers’ Consumer & Other – A consumer installment loan portfolio is usually comprised of a large number of small loans scheduled to be amortized over a specific period. Most installment loans are made for consumer purchases. Economic trends determined by unemployment rates and other key economic indicators are closely correlated to the credit quality of these loans. Weak economic trends indicate that the borrowers’ At least quarterly, the Board of Directors reviews the adequacy of the allowance, including consideration of the relative risks in the portfolio, current economic conditions and other factors. If the Board of Directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. In addition, the Company’s and Bank’s
Acquired Loans	Acquired Loans Loans acquired through purchase or through a business combination are recorded at their fair value at the acquisition date. Credit discounts, which reflect estimates of credit losses, expected to be incurred over the life of the loan, are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date.
Allowance for Credit Losses on Off-Balance-Sheet Credit Exposures	Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company also maintains a separate allowance for off-balance-sheet commitments. Management estimates anticipated losses using historical data and utilization assumptions. The allowance for off-balance-sheet commitments is included in Interest Payable and Other Liabilities on the Company’s Consolidated Balance Sheet.
Right of Use Lease Asset & Lease Liability	Right of Use Lease Asset & Lease Liability The Company leases retail space and office space under operating leases. Most leases require the Company to pay real estate taxes, maintenance, insurance and other similar costs in addition to the base rent. Certain leases also contain lease incentives, such as tenant improvement allowances and rent abatement. Variable lease payments are recognized as lease expense as they are incurred. We record an operating lease right of use (ROU) asset and an operating lease liability (lease liability) for operating leases with a lease term greater than months. The ROU asset and lease liability are recorded in other assets and other liabilities, respectively, in the consolidated statement of financial condition. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Accordingly, ROU assets are reduced by tenant improvement allowances from landlords plus any prepaid rent. We do not separate lease and non-lease components of contracts. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. Many of our leases contain various provisions for increases in rental rates, based either on changes in the published Consumer Price Index or a predetermined escalation schedule, which are factored into our determination of lease payments when appropriate. A majority of the leases provide the Company with the option to extend the lease term or more times following expiration of the initial term. The ROU asset and lease liability terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Revenue from Contracts with Customers	Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic “Revenue from Contracts with Customers” (“Topic ”). Under Topic the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. The Company’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is limited judgment involved in applying Topic that significantly affects the determination of the amount and timing of revenue from contracts with customers.
Premises and Equipment	Premises and Equipment Premises, equipment, and leasehold improvements are stated at cost, less accumulated depreciation and amortization. Depreciation is computed principally by the straight-line method over the estimated useful lives of the assets. Estimated useful lives of buildings range from 30 to 40 years, and for furniture and equipment from three five
Other Real Estate	Other Real Estate Other real estate, which is included in other assets, is expected to be sold and is comprised of properties no longer utilized for business operations and property acquired through foreclosure in satisfaction of indebtedness. These properties are recorded at fair value less estimated selling costs upon acquisition. Revised estimates to the fair value less cost to sell are reported as adjustments to the carrying amount of the asset, provided that such adjusted value is not in excess of the carrying amount at acquisition. Initial losses on properties acquired through full or partial satisfaction of debt are treated as credit losses and charged to the allowance for credit losses at the time of acquisition. Subsequent declines in value from the recorded amounts, routine holding costs, and gains or losses upon disposition, if any, are included in non-interest expense as incurred. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law by Congress and was amended and extended by the Consolidated Appropriations Act of 2021 (“H.R. 133”) on December 21, 2020. The CARES Act and H.R. 133 restrict the ability of financial institutions to exercise their foreclosure rights on residential and multi-family properties backed by federally guaranteed mortgage loans. The State of California has gone further and temporarily suspended all residential and commercial foreclosures through September 30, 2021. The Company is working with its borrowers when they make requests to defer payments on their mortgage loans. See “Note 2 – Risks and Uncertainties” for additional information on the CARES Act and H.R. 133 and the impact of COVID-19 on the Company.
Income Taxes	Income Taxes The Company uses the liability method of accounting for income taxes. This method results in the recognition of deferred tax assets and liabilities that are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The deferred provision for income taxes is the result of the net change in the deferred tax asset and deferred tax liability balances during the year. This amount combined with the current taxes payable or refundable results in the income tax expense for the current year. The Company follows the standards set forth in the “Income Taxes” topic of the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. This standard prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company accounts for leases with Investment Tax Credits (ITC) under the deferred method as established in ASC 740-10. ITC are viewed and accounted for as a reduction of the cost of the related assets and presented as deferred income on the Company’s financial statement. The Company accounts for its interest in Low Income Housing Tax Credits (LIHTC) using the cost method as established in ASC 323-740. As an investor, the Company obtains income tax credits and deductions from the operating losses of these tax credit entities. The income tax credits and deductions are allocated to the investors based on their ownership percentages and are recorded as a reduction of income tax expense (or an increase to income tax benefit) and a reduction of federal income taxes payable. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. For the three and six months ended June and the Company has no material uncertain tax positions and recognized interest or penalties. The Company’s policy is to recognize interest and penalties related to income taxes in the provision for income taxes in the Consolidated Statement of Income.
Basic and Diluted Earnings Per Common Share	Basic and Diluted Earnings Per Common Share The Company’s common stock is not traded on any exchange. However, trades are reported on the OTCQX under the symbol “FMCB”. The shares are primarily held by local residents and are not actively traded. Basic earnings per common share amounts are computed by dividing net income by the weighted average number of common shares outstanding for the period. There are common stock equivalent shares. – “Dividends and Basic and Diluted Earnings Per Common Share” for additional information.
Segment Reporting	Segment Reporting The “Segment Reporting” topic of the FASB ASC requires that public companies report certain information about operating segments. It also requires that public companies report certain information about their products and services, the geographic areas in which they operate, and their major customers. The Company is a holding company for a community bank, which offers a wide array of products and services to its customers. Pursuant to its banking strategy, emphasis is placed on building relationships with its customers, as opposed to building specific lines of business. As a result, the Company is not organized around discernible lines of business and prefers to work as an integrated unit to customize solutions for its customers, with business line emphasis and product offerings changing over time as needs and demands change.
Comprehensive Income	Comprehensive Income The “Comprehensive Income” topic of the FASB ASC establishes standards for the reporting and display of comprehensive income and its components in the financial statements. Other comprehensive income refers to revenues, expenses, gains, and losses that U.S. GAAP recognize as changes in value to an enterprise but are excluded from net income. For the Company, comprehensive income includes net income, changes in fair value of its available-for-sale investment securities and amortization of net unrealized gains or losses on securities transferred from available-for-sale to held-to-maturity, net of related taxes.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill is determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill that arises from a business combination is periodically evaluated for impairment at the reporting unit level, at least annually. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible (“CDI”) At June the future estimated amortization expense for the CDI arising from our past acquisitions is as follows: (in thousands) 2021 2022 2023 2024 2025 Thereafter Total Core Deposit Intangible Amortization $ 306 $ 593 $ 573 $ 549 $ 522 $ 1,165 $ 3,708 We make a qualitative assessment of whether it is more likely than not that the fair value of a reporting unit where goodwill is assigned is less than its carrying amount. If we conclude that it is more likely than not that the fair value is more than its carrying amount, no impairment is recorded. Goodwill is tested for impairment on an interim basis if circumstances change or an event occurs between annual tests that would more likely than not reduce the fair value of the reporting unit below its carrying amount. The qualitative assessment includes adverse events or circumstances identified that could negatively affect the reporting units’ fair value as well as positive and mitigating events. Such indicators may include, among others, a significant change in legal factors or in the general business climate, significant change in our stock price and market capitalization, unanticipated competition, and an action or assessment by a regulator. If the fair value of a reporting unit is less than its carrying amount, an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2021
Recent Accounting Pronouncements [Abstract]
Accounting Standards Adopted and Pending Adoption	Accounting Standards Adopted in 2021 In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740). The updated guidance simplifies the accounting for income taxes by removing certain exceptions and improves the consistent application of GAAP by clarifying and amending other existing guidance. We adopted this ASU prospectively on January 1, 2021 which did not have a material impact on our financial condition or results of operations. Accounting Guidance Pending Adoption at June 30, 2021 The following paragraphs provide descriptions of newly issued but not yet effective accounting standards that could have a material effect on the Company’s financial position or results of operations. In March the FASB issued ASU No. - Reference Rate Reform (Topic . The amendments in this ASU are elective and provide optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The amendments in this ASU provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments in this ASU may be elected as of March through December An entity may choose to elect the amendments in this update at an interim period subsequent to March with adoption methods varying based on transaction type. We have not elected to apply these amendments. However, we will assess the applicability of the ASU to us and continue to monitor guidance for reference rate reform from FASB and its impact on our financial condition and results of operations. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848). The main amendments in this ASU are intended to clarify certain optional expedients and scope of derivative instruments. The amendments are elective and effective immediately upon issuance of this ASU. Amendments may be elected through December 31, 2022. We have not elected to apply amendments at this time, however, will assess the applicability of this ASU to us as we continue to monitor guidance for reference rate reform from FASB and its impact on our financial condition and results of operations.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies [Abstract]
Future Estimated Amortization Expense for CDI	At June the future estimated amortization expense for the CDI arising from our past acquisitions is as follows: (in thousands) 2021 2022 2023 2024 2025 Thereafter Total Core Deposit Intangible Amortization $ 306 $ 593 $ 573 $ 549 $ 522 $ 1,165 $ 3,708

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Investment Securities [Abstract]
Amortized Cost, Fair Values, and Unrealized Gains and Losses of Securities Available-for-Sale	The amortized cost, fair values, and unrealized gains and losses of the debt securities available-for-sale are as follows (in thousands) Amortized Gross Unrealized Fair June 30 2021 Cost Gains Losses Value US Treasury Notes $ 9,905 $ 282 $ - $ 10,187 US Government Agency SBA 7,323 73 49 7,347 Mortgage-Backed Securities (1)(2) 286,529 4,894 3,806 287,617 Other 46,510 - - 46,510 Total $ 350,267 $ 5,249 $ 3,855 $ 351,661 Amortized Gross Unrealized Fair December 31 2020 Cost Gains Losses Value US Treasury Notes $ 14,859 $ 429 $ - $ 15,288 US Government Agency SBA 8,252 1 93 8,160 Mortgage-Backed Securities (1) 720,562 17,359 48 737,873 Corporate Securities 45,010 927 18 45,919 Other 492 - - 492 Total $ 789,175 $ 18,716 $ 159 $ 807,732 Amortized Gross Unrealized Fair June 30 2020 Cost Gains Losses Value US Treasury Notes $ 64,802 $ 583 $ 1 $ 65,384 US Government Agency SBA 9,397 1 110 9,288 Mortgage-Backed Securities (1) 448,904 20,326 5 469,225 Corporate Securities 10,190 25 12 10,203 Other 15,307 - - 15,307 Total $ 548,600 $ 20,935 $ 128 $ 569,407 (1) All Mortgage-backed securities consist of securities collateralized by residential real estate and were issued by an agency or government-sponsored entity of the U.S. government. (2) During Q the Company transferred of AFS securities to HTM.
Amortized Cost, Estimated Fair Values and Unrealized Gains and Losses of Investments Classified as Held-to-Maturity	The amortized cost, estimated fair values and unrealized gains and losses of investments classified as held-to-maturity are as follows (in thousand s): Amortized Gross Unrealized Fair June 30 2021 Cost Gains Losses Value Obligations of States and Political Subdivisions $ 68,471 $ 895 $ - $ 69,366 Mortgage Backed Securities (1)(2) 427,999 7 7,187 420,819 Total $ 496,470 $ 902 $ 7,187 $ 490,185 Amortized Gross Unrealized Fair December 31 2020 Cost Gains Losses Value Obligations of States and Political Subdivisions $ 68,933 $ 1,116 $ - $ 70,049 Total $ 68,933 $ 1,116 $ - $ 70,049 Amortized Gross Unrealized Fair June 30 2020 Cost Gains Losses Value Obligations of States and Political Subdivisions $ 69,036 $ 1,158 $ - $ 70,194 Total $ 69,036 $ 1,158 $ - $ 70,194 (1) All Mortgage-backed securities were issued by an agency or government-sponsored entity of the U.S. Government. (2) During Q the Company transferred of AFS securities to HTM.
Amortized Cost and Estimated Fair Values of Investment Securities by Contractual Maturity	The amortized cost and estimated fair values of investment securities at June 30, 2021 by contractual maturity are shown in the following table (in thousand s): Available-for-Sale Held-to-Maturity June 30 2021 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 51,494 $ 51,587 $ 7,808 $ 7,808 After one year through five years 5,153 5,341 5,804 5,840 After five years through ten years 601 604 21,182 21,937 After ten years 6,490 6,512 33,677 33,781 63,738 64,044 68,471 69,366 Investment securities not due at a single maturity date: Mortgage-backed securities 286,529 287,617 427,999 420,819 Total $ 350,267 $ 351,661 $ 496,470 $ 490,185
Investments with Gross Unrealized Losses and Their Market Value Aggregated by Investment Category and Length of Time that Individual Securities Have Been in a Continuous Unrealized Loss Position	The following tables show those investments with gross unrealized losses and their market value aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at the dates indicated (in thousand s) : Less Than 12 Months 12 Months or More Total June 30 2021 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available-for-Sale U.S. Government Agency SBA $ 172 $ 1 $ 2,328 $ 48 $ 2,500 $ 49 Mortgage-Backed Securities 143,643 3,804 124 2 143,767 3,806 Total $ 143,815 $ 3,805 $ 2,452 $ 50 $ 146,267 $ 3,855 Securities Held-to-Maturity Mortgage Backed Securities 419,976 7,187 - - $ 419,976 $ 7,187 Total $ 419,976 $ 7,187 $ - $ - $ 419,976 $ 7,187 Less Than 12 Months 12 Months or More Total December 31 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available-for-Sale U.S. Government Agency SBA $ 1,741 $ 3 $ 6,126 $ 90 $ 7,867 $ 93 Mortgage-Backed Securities 20,142 45 177 3 20,319 48 Corporate Securities 4,041 18 - - 4,041 18 Total $ 25,924 $ 66 $ 6,303 $ 93 $ 32,227 $ 159 There were no HTM investments with gross unrealized losses at December 31, 2020 Less Than 12 Months 12 Months or More Total June 30 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available-for-Sale U.S. Treasury Notes $ 49,996 $ 1 $ - $ - $ 49,996 $ 1 U.S. Government Agency SBA 4,396 14 4,293 96 8,689 110 Mortgage-Backed Securities - - 215 5 215 5 Corporate Securities 2,547 12 - - 2,547 12 Total $ 56,939 $ 27 $ 4,508 $ 101 $ 61,447 $ 128
Proceeds from Sales and Calls of Securities	Proceeds from sales and calls of securities for the periods shown were as follows: Three Months Ended Six Months Ended (in s) 2021 2020 2021 2020 Proceeds $ 236,082 $ 745 $ 299,870 $ 3,000 Gains 3,730 - 5,570 13 Losses 3,016 - 3,016 -

Loans & Leases (Tables)

Loans & Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Loans & Leases [Abstract]
Components of Loans & Leases	Loans & Leases consisted of the following: (in thousands) June 30, 2021 December 31, 2020 June 30, 2020 Commercial Real Estate $ 1,033,747 $ 971,326 $ 873,922 Agricultural Real Estate 630,515 643,014 635,077 Real Estate Construction 170,933 185,741 166,548 Residential 1st Mortgages 304,859 299,379 272,209 Home Equity Lines and Loans 32,026 34,239 37,966 Agricultural 236,436 264,372 261,986 Commercial 361,432 374,816 369,817 Consumer & Other (1) 177,042 235,529 361,035 Leases 99,502 103,117 103,229 Total Gross Loans & Leases 3,046,492 3,111,533 3,081,789 Less: Unearned Income 13,296 11,941 17,277 Subtotal 3,033,196 3,099,592 3,064,512 Less: Allowance for Credit Losses 60,229 58,862 55,058 Net Loans & Leases $ 2,972,967 $ 3,040,730 $ 3,009,454 (1) Includes CARES Act Small Business Administration Paycheck Protection Program loans of $ , and as of June 30, 2021, December 31, 2020 and June 30, 2020, respectively.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Allowance for Credit Losses [Abstract]
Allocation of Allowance for Credit Losses by Portfolio Segment and by Impairment Methodology	The following tables show the allocation of the allowance for credit losses by portfolio segment and by impairment methodology at the dates indicated (in thousands) June 30 2021 Commercial Real Estate Agricultural Real Estate Real Estate Construction Residential 1st Mortgages Home Equity Lines & Loans Agricultural Commercial Consumer & Other Leases Unallocated Total Year-To-Date Allowance for Credit Losses: Beginning Balance- December 31, 2020 $ 27,679 $ 8,633 $ 1,643 $ 960 $ 2,024 $ 4,814 $ 9,961 $ 333 $ 1,731 $ 1,084 $ 58,862 Charge-Offs - - - - - - - (16 ) - - (16 ) Recoveries - - - 59 11 5 45 13 - - 133 Provision 1,211 474 (238 ) (62 ) (136 ) (267 ) (86 ) (49 ) (92 ) 495 1,250 Ending Balance- June 30 2021 $ 28,890 $ 9,107 $ 1,405 $ 957 $ 1,899 $ 4,552 $ 9,920 $ 281 $ 1,639 $ 1,579 $ 60,229 Second Quarter Allowance for Credit Losses: Beginning Balance- March 31, 2021 $ 29,066 $ 9,048 $ 1,647 $ 967 $ 1,914 $ 4,247 $ 9,976 $ 296 $ 1,674 $ 1,340 $ 60,175 Charge-Offs - - - - - - - (8 ) - - (8 ) Recoveries - - - 31 7 2 16 6 - - 62 Provision (176 ) 59 (242 ) (41 ) (22 ) 303 (72 ) (13 ) (35 ) 239 - Ending Balance- June 30 2021 $ 28,890 $ 9,107 $ 1,405 $ 957 $ 1,899 $ 4,552 $ 9,920 $ 281 $ 1,639 $ 1,579 $ 60,229 Ending Balance Individually Evaluated for Impairment - - - 97 7 - 11 44 - - 159 Ending Balance Collectively Evaluated for Impairment 28,890 9,107 1,405 860 1,892 4,552 9,909 237 1,639 1,579 60,070 Loans & Leases: Ending Balance $ 1,020,077 $ 630,515 $ 170,933 $ 304,859 $ 32,026 $ 236,436 $ 361,432 $ 177,042 $ 99,876 $ - $ 3,033,196 Ending Balance Individually Evaluated for Impairment 93 - - 1,929 140 6,177 224 182 - - 8,745 Ending Balance Collectively Evaluated for Impairment $ 1,019,984 $ 630,515 $ 170,933 $ 302,930 $ 31,886 $ 230,259 $ 361,208 $ 176,860 $ 99,876 $ - $ 3,024,451 December 31, 2020 Commercial Real Estate Agricultural Real Estate Real Estate Construction Residential 1st Mortgages Home Equity Lines & Loans Agricultural Commercial Consumer & Other Leases Unallocated Total Year-To-Date Allowance for Credit Losses: Beginning Balance- December 31, 2019 $ 11,053 $ 15,128 $ 1,949 $ 855 $ 2,675 $ 8,076 $ 11,466 $ 456 $ 3,162 $ 192 $ 55,012 Charge-Offs - - - - (7 ) - (1,101 ) (66 ) - - (1,174 ) Recoveries - - - 52 78 81 280 33 - - 524 Provision 16,626 (6,495 ) (306 ) 53 (722 ) (3,343 ) (684 ) (90 ) (1,431 ) 892 4,500 Ending Balance- December 31, 2020 $ 27,679 $ 8,633 $ 1,643 $ 960 $ 2,024 $ 4,814 $ 9,961 $ 333 $ 1,731 $ 1,084 $ 58,862 Ending Balance Individually Evaluated for Impairment - - - 117 8 92 20 52 - - 289 Ending Balance Collectively Evaluated for Impairment 27,679 8,633 1,643 843 2,016 4,722 9,941 281 1,731 1,084 58,573 Loans & Leases: Ending Balance $ 958,980 $ 643,014 $ 185,741 $ 299,379 $ 34,239 $ 264,372 $ 374,816 $ 235,529 $ 103,522 $ - $ 3,099,592 Ending Balance Individually Evaluated for Impairment 104 5,629 - 2,365 158 495 233 254 - - 9,238 Ending Balance Collectively Evaluated for Impairment $ 958,876 $ 637,385 $ 185,741 $ 297,014 $ 34,081 $ 263,877 $ 374,583 $ 235,275 $ 103,522 $ - $ 3,090,354 June 30 2020 Commercial Real Estate Agricultural Real Estate Real Estate Construction Residential 1st Mortgages Home Equity Lines & Loans Agricultural Commercial Consumer & Other Leases Unallocated Total Year-To-Date Allowance for Credit Losses: Beginning Balance- December 31, 2019 $ 11,053 $ 15,128 $ 1,949 $ 855 $ 2,675 $ 8,076 $ 11,466 $ 456 $ 3,162 $ 192 $ 55,012 Charge-Offs - - - - (7 ) - (426 ) (29 ) - - (462 ) Recoveries - - - 46 34 30 80 18 - - 208 Provision 10,370 (6,107 ) (497 ) 870 (463 ) (3,316 ) (1,077 ) (86 ) (362 ) 968 300 Ending Balance- June 30 2020 $ 21,423 $ 9,021 $ 1,452 $ 1,771 $ 2,239 $ 4,790 $ 10,043 $ 359 $ 2,800 $ 1,160 $ 55,058 Second Quarter Allowance for Credit Losses: Beginning Balance- March 31, 2020 $ 11,122 $ 14,469 $ 1,927 $ 1,037 $ 2,783 $ 6,959 $ 12,214 $ 382 $ 3,188 $ 743 $ 54,824 Charge-Offs - - - - (7 ) - (182 ) (8 ) - - (197 ) Recoveries - - - 26 13 3 79 10 - - 131 Provision 10,301 (5,448 ) (475 ) 708 (550 ) (2,172 ) (2,068 ) (25 ) (388 ) 417 300 Ending Balance- June 30 2020 $ 21,423 $ 9,021 $ 1,452 $ 1,771 $ 2,239 $ 4,790 $ 10,043 $ 359 $ 2,800 $ 1,160 $ 55,058 Ending Balance Individually Evaluated for Impairment 6 - - 121 8 79 - 25 - - 239 Ending Balance Collectively Evaluated for Impairment 21,417 9,021 1,452 1,650 2,231 4,711 10,043 334 2,800 1,160 54,819 Loans & Leases: Ending Balance $ 855,762 $ 635,077 $ 166,548 $ 272,209 $ 37,966 $ 261,986 $ 369,817 $ 361,035 $ 104,112 $ - $ 3,064,512 Ending Balance Individually Evaluated for Impairment 1,663 5,629 - 2,411 168 473 10 195 - - 10,549 Ending Balance Collectively Evaluated for Impairment $ 854,099 $ 629,448 $ 166,548 $ 269,798 $ 37,798 $ 261,513 $ 369,807 $ 360,840 $ 104,112 $ - $ 3,053,963
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings	The following tables show the loan & lease portfolio allocated by management’s internal risk ratings at the dates indicated (in thousands) June 30 2021 Pass (1) Special Mention Substandard Total Loans & Leases Loans & Leases: Commercial Real Estate $ 1,004,715 $ 5,990 $ 9,372 $ 1,020,077 Agricultural Real Estate 621,165 2,811 6,539 630,515 Real Estate Construction 170,933 - - 170,933 Residential 1st Mortgages 304,089 - 770 304,859 Home Equity Lines & Loans 31,848 - 178 32,026 Agricultural 235,716 64 656 236,436 Commercial 352,598 8,143 691 361,432 Consumer & Other 176,745 - 297 177,042 Leases 99,876 - - 99,876 Total $ 2,997,685 $ 17,008 $ 18,503 $ 3,033,196 (1) Includes “Watch” loans of $ million. December 31, 2020 Pass (1) Special Mention Substandard Total Loans & Leases Loans & Leases: Commercial Real Estate $ 946,621 $ 7,849 $ 4,510 $ 958,980 Agricultural Real Estate 631,043 400 11,571 643,014 Real Estate Construction 185,741 - - 185,741 Residential 1st Mortgages 298,689 - 690 299,379 Home Equity Lines and Loans 34,058 - 181 34,239 Agricultural 263,781 96 495 264,372 Commercial 373,038 1,060 718 374,816 Consumer & Other 235,063 - 466 235,529 Leases 103,522 - - 103,522 Total $ 3,071,556 $ 9,405 $ 18,631 $ 3,099,592 (1) Includes “Watch” loans of $ million. June 30 2020 Pass (1) Special Mention Substandard Total Loans & Leases Loans & Leases: Commercial Real Estate $ 843,952 $ 7,300 $ 4,510 $ 855,762 Agricultural Real Estate 620,754 1,530 12,793 635,077 Real Estate Construction 166,548 - - 166,548 Residential 1st Mortgages 271,507 - 702 272,209 Home Equity Lines & Loans 37,780 - 186 37,966 Agricultural 261,085 - 901 261,986 Commercial 366,204 2,309 1,304 369,817 Consumer & Other 360,352 - 683 361,035 Leases 104,112 - - 104,112 Total $ 3,032,294 $ 11,139 $ 21,079 $ 3,064,512 (1) Includes “Watch” loans of $ million.
Aging Analysis of Loan & Lease Portfolio by Time Past Due	The following tables show an aging analysis of the loan & lease portfolio, including unearned income, by the time past due at the dates indicated (in thousands) June 30 2021 30-59 Days Past Due 60-89 Days Past Due 90 Days and Still Accruing Nonaccrual Total Past Due Current Total Loans & Leases Loans & Leases: Commercial Real Estate $ - $ - $ - $ - $ - $ 1,020,077 $ 1,020,077 Agricultural Real Estate - - - 19 19 630,496 630,515 Real Estate Construction - - - - - 170,933 170,933 Residential 1st Mortgages - - - - - 304,859 304,859 Home Equity Lines & Loans - - - - - 32,026 32,026 Agricultural - - - 529 529 235,907 236,436 Commercial - - - - - 361,432 361,432 Consumer & Other 38 - - - 38 177,004 177,042 Leases - - - - - 99,876 99,876 Total $ 38 $ - $ - $ 548 $ 586 $ 3,032,610 $ 3,033,196 December 31, 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days and Still Accruing Nonaccrual Total Past Due Current Total Loans & Leases Loans & Leases: Commercial Real Estate $ - $ - $ - $ - $ - $ 958,980 $ 958,980 Agricultural Real Estate - - - 495 495 642,519 643,014 Real Estate Construction - - - - - 185,741 185,741 Residential 1st Mortgages - - - - - 299,379 299,379 Home Equity Lines and Loans - - - - - 34,239 34,239 Agricultural - - - - - 264,372 264,372 Commercial - - - - - 374,816 374,816 Consumer & Other 11 - - - 11 235,518 235,529 Leases - - - - - 103,522 103,522 Total $ 11 $ - $ - $ 495 $ 506 $ 3,099,086 $ 3,099,592 June 30 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days and Still Accruing Nonaccrual Total Past Due Current Total Loans & Leases Loans & Leases: Commercial Real Estate $ - $ 258 $ - $ - $ 258 $ 855,504 $ 855,762 Agricultural Real Estate - - - - - 635,077 635,077 Real Estate Construction - - - - - 166,548 166,548 Residential 1st Mortgages - - - - - 272,209 272,209 Home Equity Lines & Loans - - - - - 37,966 37,966 Agricultural - - - 473 473 261,513 261,986 Commercial - - - - - 369,817 369,817 Consumer & Other 97 - - - 97 360,938 361,035 Leases - - - - - 104,112 104,112 Total $ 97 $ 258 $ - $ 473 $ 828 $ 3,063,684 $ 3,064,512
Impaired Loans & Leases	The following tables show information related to impaired loans & leases for the periods indicated (in thousands) Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 June 30 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ 80 $ 80 $ - $ 40 $ 5 $ 41 $ 5 Agricultural Real Estate 5,629 5,629 - 5,629 236 5,629 385 Agricultural 492 534 - 493 34 370 34 Commercial 9 9 - 5 - 2 - $ 6,210 $ 6,252 $ - $ 6,167 $ 275 $ 6,042 $ 424 With an allowance recorded: Commercial Real Estate $ - $ - $ - $ 42 $ - $ 42 $ 3 Residential 1st Mortgages 1,666 1,891 83 1,665 36 1,665 56 Home Equity Lines & Loans 61 73 3 63 2 63 3 Agricultural - - - 123 - 123 - Commercial 215 215 11 226 8 226 12 Consumer & Other 183 183 44 186 6 186 10 $ 2,125 $ 2,362 $ 141 $ 2,305 $ 52 $ 2,305 $ 84 Total $ 8,335 $ 8,614 $ 141 $ 8,472 $ 327 $ 8,347 $ 508 December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ 84 $ 84 $ - $ 764 $ 35 Agricultural Real Estate 5,629 5,629 - 5,629 352 Agricultural 3 3 - 2 - Commercial - - - 377 16 $ 5,716 $ 5,716 $ - $ 6,772 $ 403 With an allowance recorded: Commercial Real Estate $ - $ - $ - $ 21 $ 1 Agricultural Real Estate - - - 137 - Residential 1st Mortgages 1,671 1,895 84 1,652 76 Home Equity Lines and Loans 64 75 3 66 4 Agricultural 492 534 92 410 59 Commercial 234 234 13 123 18 Consumer & Other 190 191 56 194 13 $ 2,651 $ 2,929 $ 248 $ 2,603 $ 171 Total $ 8,367 $ 8,645 $ 248 $ 9,375 $ 574 Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 June 30 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ - $ - $ - $ 1,444 $ 2 $ 1,466 $ 31 Agricultural Real Estate 5,629 5,629 - 5,629 87 5,636 176 Commercial - - - 754 1 754 16 $ 5,629 $ 5,629 $ - $ 7,827 $ 90 $ 7,856 $ 223 With an allowance recorded: Commercial Real Estate $ 84 $ 84 $ 6 $ 42 $ 1 $ 727 $ 1 Agricultural Real Estate - - - 275 - 275 - Residential 1st Mortgages 1,702 1,921 85 1,626 21 1,591 40 Home Equity Lines & Loans 67 77 3 67 1 68 2 Agricultural 473 487 79 329 43 257 45 Commercial 10 10 - 11 2 390 2 Consumer & Other 195 196 25 196 3 197 7 $ 2,531 $ 2,775 $ 198 $ 2,546 $ 71 $ 3,505 $ 97 Total $ 8,160 $ 8,404 $ 198 $ 10,373 $ 161 $ 11,361 $ 320
Loans by Class Modified as Troubled Debt Restructured Loans	The following tables present loans by class modified as troubled debt restructured loans for the periods ended indicated (in thousands) December 31, 2020 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential 1st Mortgages 2 $ 156 $ 156 Agricultural 3 495 495 Commercial 1 224 224 Total 6 $ 875 $ 875 The following table presents loans or leases by class modified as troubled debt restructured loans or leases during the and -month periods ended June (in thousand s) : Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Troubled Debt Restructurings Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential 1st Mortgages 2 $ 156 $ 156 2 $ 156 $ 156 Agricultural 3 495 495 3 495 495 Total 5 $ 651 $ 651 5 $ 651 $ 651

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present information about the Company’s assets measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated. Fair Value Measurements At June 30, 2021, Using Fair Value Quoted Prices in Active Markets for Identical Assets Other Observable Inputs Significant Unobservable Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) Available-for-Sale Securities: U.S. Treasury Notes $ 10,187 $ 10,187 $ - $ - U.S. Government Agency SBA 7,347 - 7,348 - Mortgage-Backed Securities 287,617 - 287,617 - Other 46,510 46,200 310 - Total Assets Measured at Fair Value On a Recurring Basis $ 351,661 $ 56,387 $ 295,275 $ - Fair Value Measurements At December 31, 2020, Using Fair Value Quoted Prices in Active Markets for Identical Assets Other Observable Inputs Significant Unobservable Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) Available-for-Sale Securities: U.S. Treasury Notes $ 15,288 $ 15,288 $ - $ - U.S. Government Agency SBA 8,160 - 8,160 - Mortgage-Backed Securities 737,873 - 737,873 - Corporate Securities 45,919 - 45,919 - Other 492 182 310 - Total Assets Measured at Fair Value On a Recurring Basis $ 807,732 $ 15,470 $ 792,262 $ - Fair Value Measurements At June 30, 2020, Using Fair Value Quoted Prices in Active Markets for Identical Assets Other Observable Inputs Significant Unobservable Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) Available-for-Sale Securities: U.S. Treasury Notes $ 65,384 $ 65,384 $ - $ - U.S. Government Agency SBA 9,288 - 9,288 - Mortgage-Backed Securities 469,225 - 469,225 - Corporate Securities 10,203 - 10,203 - Other 15,307 14,997 310 - Total Assets Measured at Fair Value On a Recurring Basis $ 569,407 $ 80,381 $ 489,026 $ -
Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following tables present information about the Company’s other real estate and impaired loans or leases, classes of assets or liabilities that the Company carries at fair value on a non-recurring basis, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated. Not all impaired loans or leases are carried at fair value. Impaired loans or leases are only included in the following tables when their fair value is based upon a current appraisal of the collateral, and if that appraisal results in a partial charge-off or the establishment of a specific reserve. Fair Value Measurements At June 30, 2021, Using (in thousands) Fair Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired Loans: Residential 1st Mortgage $ 1,576 $ - $ - $ 1,576 Home Equity Lines and Loans 58 - - 58 Commercial 204 - - 204 Consumer 139 - - 139 Total Impaired Loans 1,977 - - 1,977 Other Real Estate: Real Estate Construction 873 - - 873 Total Other Real Estate 873 - - 873 Total Assets Measured at Fair Value On a Non-Recurring Basis $ 2,850 $ - $ - $ 2,850 Fair Value Measurements At December 31, 2020, Using (in thousands) Fair Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired Loans: Residential 1st Mortgage $ 1,584 $ - $ - $ 1,584 Home Equity Lines and Loans 61 - - 61 Agricultural 400 - - 400 Commercial 213 - - 213 Consumer 138 - - 138 Total Impaired Loans 2,396 - - 2,396 Other Real Estate: Real Estate Construction 873 - - 873 Total Other Real Estate 873 - - 873 Total Assets Measured at Fair Value On a Non-Recurring Basis $ 3,269 $ - $ - $ 3,269 Fair Value Measurements At June 30, 2020, Using (in thousands) Fair Value Total Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired Loans: Residential 1st Mortgage $ 1,613 $ - $ - $ 1,613 Home Equity Lines and Loans 63 - - 63 Agricultural 259 - - 259 Consumer 135 - - 135 Total Impaired Loans 2,070 - - 2,070 Other Real Estate: Real Estate Construction 873 - - 873 Total Other Real Estate 873 - - 873 Total Assets Measured at Fair Value On a Non-Recurring Basis $ 2,943 $ - $ - $ 2,943
Quantitative Information about Level 3 Fair Value Measurements for Financial Assets Measured at Fair Value on a Nonrecurring Basis	The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at the dates indicated. June 30, 2021 (in thousands) Fair Value Valuation Technique Unobservable Inputs Range, Weighted Avg. Impaired Loans: Residential 1st Mortgage $ 1,576 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.69% - 4.06%, 2.57% Home Equity Lines and Loans $ 58 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 1.1% - 1.3%, 1.23% Commercial $ 204 Income Approach Capitalization Rate 10%, 10% Consumer $ 139 Income Approach Adjustment for Difference Between Comparable Sales 10%, 10% Other Real Estate: Real Estate Construction $ 873 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 10%, 10% December 31, 2020 (in thousands) Fair Value Valuation Technique Unobservable Inputs Range, Weighted Avg. Impaired Loans: Residential 1st Mortgage $ 1,584 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.72% - 4.13%, 2.57% Home Equity Lines and Loans $ 61 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 1.1% - 1.4%, 1.25% Agricultural $ 400 Income Approach Capitalization Rate 10%, 10% Commercial $ 213 Income Approach Capitalization Rate 10%, 10% Consumer $ 138 Income Approach Adjustment for Difference Between Comparable Sales 10%, 10% Other Real Estate: Real Estate Construction $ 873 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 10%, 10% June 30, 2020 (in thousands) Fair Value Valuation Technique Unobservable Inputs Range, Weighted Avg. Impaired Loans: Residential 1st Mortgage $ 1,613 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.8% - 4.2%, 2.6% Home Equity Lines and Loans $ 63 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 0.22% - 1.42%, 1.3% Agricultural $ 259 Income Approach Capitalization Rate 10%, 10% Consumer $ 135 Income Approach Capitalization Rate 10%, 10% Other Real Estate: Real Estate Construction $ 873 Sales Comparison Approach Adjustment for Difference Between Comparable Sales 10%, 10%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments [Abstract]
Book Value and Estimated Fair Value of Financial Instruments	The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated: Fair Value of Financial Instruments Using June 30 2021 (in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value Assets: Cash and Cash Equivalents $ 834,710 $ 834,710 $ - $ - $ 834,710 Investment Securities Available-for-Sale 351,661 56,387 295,274 - 351,661 Investment Securities Held-to-Maturity 496,470 - 445,236 44,949 490,185 Loans & Leases, Net 2,972,967 - - 2,984,866 2,984,866 Accrued Interest Receivable 16,367 - 16,367 - 16,367 Liabilities: Deposits 4,412,064 4,010,525 - 402,009 4,412,534 Subordinated Debentures 10,310 - 6,831 - 6,831 Accrued Interest Payable 592 - 592 - 592 Fair Value of Financial Instruments Using December 31, 2020 (in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value Assets: Cash and Cash Equivalents $ 383,837 $ 383,837 $ - $ - $ 383,837 Investment Securities Available-for-Sale 807,732 15,470 792,262 - 807,732 Investment Securities Held-to-Maturity 68,933 - 26,262 43,787 70,049 Loans & Leases, Net 3,040,730 - - 3,045,911 3,045,911 Accrued Interest Receivable 20,333 - 20,333 - 20,333 Liabilities: Deposits 4,060,267 3,638,400 - 422,840 4,061,240 Subordinated Debentures 10,310 - 6,888 - 6,888 Accrued Interest Payable 1,383 - 1,383 - 1,383 Fair Value of Financial Instruments Using June 30 2020 (in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value Assets: Cash and Cash Equivalents $ 371,439 $ 371,439 $ - $ - $ 371,439 Investment Securities Available-for-Sale 569,407 80,691 488,716 - 569,407 Investment Securities Held-to-Maturity 69,036 - 28,893 41,301 70,194 Loans & Leases, Net 3,009,454 - - 3,001,079 3,001,079 Accrued Interest Receivable 18,083 - 18,083 - 18,083 Liabilities: Deposits 3,782,033 3,250,311 - 533,650 3,783,961 Subordinated Debentures 10,310 - 6,936 - 6,936 Accrued Interest Payable 2,183 - 2,183 - 2,183

Dividends and Basic and Dilut_2

Dividends and Basic and Diluted Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2021
Dividends and Basic and Diluted Earnings Per Common Share [Abstract]
Calculation of Basic and Diluted Earnings per Common Share	The following table calculates the basic earnings per common share for the three and six months ended June 30, 2021 and 2020. Three Months Ended June 30, Six Months Ended June 30, ( net income in thousands 2021 2020 2021 2020 Net Income $ 16,153 $ 14,309 $ 32,866 $ 28,431 Weighted Average Number of Common Shares Outstanding 789,646 793,556 789,646 793,530 Basic and Diluted Earnings Per Common Share $ 20.45 $ 18.03 $ 41.62 $ 35.83

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Information Related to Operating Leases	The table below summarizes the information related to our operating leases: (in thousands except for percent and period data) Six Months Ended June 30, 2021 Year Ended December 31, 2020 Six Months Ended June 30, 2020 Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating Cash Flow from Operating Leases $ 363 $ 795 $ 395 Weighted-Average Remaining Lease Term - Operating Leases, in Years 7.13 7.33 7.48 Weighted-Average Discount Rate - Operating Leases 2.8% 2.9% 3.2%
Maturity of Remaining Lease Liability	The table below summarizes the maturity of remaining lease liability: (in thousands) June 30, 2021 2021 $ 323 2022 644 2023 653 2024 667 2025 677 2026 and thereafter 1,564 Total Lease Payments 4,528 Less: Interest (398 ) Present Value of Lease Liabilities $ 4,130

Significant Accounting Polici_4

Significant Accounting Policies, Investment Securities (Details)	6 Months Ended
	Jun. 30, 2021Component
Investment Securities [Abstract]
Number of components into which amount of impairment is split	2

Significant Accounting Polici_5

Significant Accounting Policies, Loans & Leases and Allowance for Credit Losses (Details)	6 Months Ended
	Jun. 30, 2021ComponentFactorCategory
Loans & Leases [Abstract]
Consecutive months of payments to demonstrate sustained period of performance	6 months
Allowance for Credit Losses [Abstract]
Number of primary components of overall allowance for credit losses | Component	3
Number of categories into which risk ratings are grouped | Category	5
Minimum [Member]
Loans & Leases [Abstract]
Period after which loans are placed on non accrual status	90 days
Agricultural Real Estate [Member]
Allowance for Credit Losses [Abstract]
Number of risk factors on loans	2
Agricultural [Member]
Allowance for Credit Losses [Abstract]
Number of risk factors on loans	2

Significant Accounting Polici_6

Significant Accounting Policies, Premises and Equipment (Details)	6 Months Ended
	Jun. 30, 2021
Buildings [Member] | Minimum [Member]
Premises and Equipment [Abstract]
Estimated useful lives	30 years
Buildings [Member] | Maximum [Member]
Premises and Equipment [Abstract]
Estimated useful lives	40 years
Furniture and Equipment [Member] | Minimum [Member]
Premises and Equipment [Abstract]
Estimated useful lives	3 years
Furniture and Equipment [Member] | Maximum [Member]
Premises and Equipment [Abstract]
Estimated useful lives	7 years
Leasehold Improvements [Member] | Minimum [Member]
Premises and Equipment [Abstract]
Estimated useful lives	5 years
Leasehold Improvements [Member] | Maximum [Member]
Premises and Equipment [Abstract]
Estimated useful lives	10 years

Significant Accounting Polici_7

Significant Accounting Policies, Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Penalties and Interest Expense [Abstract]
Interest	$ 0	$ 0	$ 0	$ 0
Penalties	$ 0	$ 0	$ 0	$ 0

Significant Accounting Polici_8

Significant Accounting Policies, Basic and Diluted Earnings Per Common Share (Details)	6 Months Ended
	Jun. 30, 2021shares
Basic and Diluted Earnings Per Common Share [Abstract]
Common stock equivalent shares (in shares)	0

Significant Accounting Polici_9

Significant Accounting Policies, Goodwill and Other Intangible Assets (Details) - Core Deposit Intangible [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill and Other Intangible Assets [Abstract]
Estimated useful life	10 years
Future estimated amortization expense for CDI [Abstract]
2021	$ 306
2022	593
2023	573
2024	549
2025	522
Thereafter	1,165
Total	$ 3,708

Investment Securities, Securiti

Investment Securities, Securities Available-for-Sale (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Jun. 30, 2021		Dec. 31, 2020	Jun. 30, 2020
Amortized cost, fair values, and unrealized gains and losses of securities available-for-sale [Abstract]
Amortized cost			$ 350,267		$ 789,175	$ 548,600
Gross unrealized gains			5,249		18,716	20,935
Gross unrealized losses			3,855		159	128
Fair value			351,661		807,732	569,407
U.S. Treasury Notes [Member]
Amortized cost, fair values, and unrealized gains and losses of securities available-for-sale [Abstract]
Amortized cost			9,905		14,859	64,802
Gross unrealized gains			282		429	583
Gross unrealized losses			0		0	1
Fair value			10,187		15,288	65,384
U.S. Government Agency SBA [Member]
Amortized cost, fair values, and unrealized gains and losses of securities available-for-sale [Abstract]
Amortized cost			7,323		8,252	9,397
Gross unrealized gains			73		1	1
Gross unrealized losses			49		93	110
Fair value			7,347		8,160	9,288
Mortgage-Backed Securities [Member]
Amortized cost, fair values, and unrealized gains and losses of securities available-for-sale [Abstract]
Amortized cost	[2]		286,529	[1]	720,562	448,904
Gross unrealized gains	[2]		4,894	[1]	17,359	20,326
Gross unrealized losses	[2]		3,806	[1]	48	5
Fair value	[2]		287,617	[1]	737,873	469,225
Securities Transferred [Abstract]
Fair value of securities transferred to held-to-maturity category		$ 316,900
Corporate Securities [Member]
Amortized cost, fair values, and unrealized gains and losses of securities available-for-sale [Abstract]
Amortized cost					45,010	10,190
Gross unrealized gains					927	25
Gross unrealized losses					18	12
Fair value					45,919	10,203
Other [Member]
Amortized cost, fair values, and unrealized gains and losses of securities available-for-sale [Abstract]
Amortized cost			46,510		492	15,307
Gross unrealized gains			0		0	0
Gross unrealized losses			0		0	0
Fair value			$ 46,510		$ 492	$ 15,307
[1]	During Q the Company transferred of AFS securities to HTM.
[2]	All Mortgage-backed securities consist of securities collateralized by residential real estate and were issued by an agency or government-sponsored entity of the U.S. government.

Investment Securities, Securi_2

Investment Securities, Securities Held-to-Maturity (Details) - USD ($)		3 Months Ended
		Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Amortized cost, estimated fair values and unrealized gains and losses of investments classified as held-to-maturity [Abstract]
Amortized cost			$ 496,470,000	$ 68,933,000	$ 69,036,000
Gross unrealized gains			902,000	1,116,000	1,158,000
Gross unrealized losses			7,187,000	0	0
Fair value			490,185,000	70,049,000	70,194,000
Obligations of States and Political Subdivisions [Member]
Amortized cost, estimated fair values and unrealized gains and losses of investments classified as held-to-maturity [Abstract]
Amortized cost			68,471,000	68,933,000	69,036,000
Gross unrealized gains			895,000	1,116,000	1,158,000
Gross unrealized losses			0	0	0
Fair value			69,366,000	$ 70,049,000	$ 70,194,000
Mortgage Backed Securities [Member]
Securities Transferred [Abstract]
Fair value of securities transferred to held-to-maturity category		$ 316,900,000
Unrealized pre-tax loss from securities transferred		$ 2,000
Amortized cost, estimated fair values and unrealized gains and losses of investments classified as held-to-maturity [Abstract]
Amortized cost	[1],[2]		427,999,000
Gross unrealized gains	[1],[2]		7,000
Gross unrealized losses	[1],[2]		7,187,000
Fair value	[1],[2]		$ 420,819,000
[1]	All Mortgage-backed securities were issued by an agency or government-sponsored entity of the U.S. Government.
[2]	During Q the Company transferred of AFS securities to HTM.

Investment Securities, Contract

Investment Securities, Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Amortized Cost [Abstract]
Within one year	$ 51,494
After one year through five years	5,153
After five years through ten years	601
After ten years	6,490
Amortized cost, excluding investment securities not due at a single maturity date	63,738
Investment securities not due at a single maturity date, mortgage-backed securities	286,529
Amortized cost	350,267	$ 789,175	$ 548,600
Fair Value [Abstract]
Within one year	51,587
After one year through five years	5,341
After five years through ten years	604
After ten years	6,512
Fair value, excluding investment securities not due at a single maturity date	64,044
Investment securities not due at a single maturity date, mortgage-backed securities	287,617
Fair value	351,661	807,732	569,407
Amortized Cost [Abstract]
Within one year	7,808
After one year through five years	5,804
After five years through ten years	21,182
After ten years	33,677
Book value, excluding investment securities not due at a single maturity date	68,471
Investment securities not due at a single maturity date, mortgage-backed securities	427,999
Amortized cost	496,470	68,933	69,036
Fair Value [Abstract]
Within one year	7,808
After one year through five years	5,840
After five years through ten years	21,937
After ten years	33,781
Fair value, excluding investment securities not due at a single maturity date	69,366
Investment securities not due at a single maturity date, mortgage-backed securities	420,819
Fair value	$ 490,185	$ 70,049	$ 70,194

Investment Securities, Securi_3

Investment Securities, Securities in Continuous Unrealized Loss Position (Details)	Jun. 30, 2021USD ($)Security	Dec. 31, 2020USD ($)Security	Jun. 30, 2020USD ($)Security
Investment Securities, Qualitative Disclosure [Abstract]
Number of investment securities held | Security	562
Less than 12 months, number of positions | Security	65
12 months or more, number of positions | Security	61
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 143,815,000	$ 25,924,000	$ 56,939,000
12 months or more, fair value	2,452,000	6,303,000	4,508,000
Total, fair value	146,267,000	32,227,000	61,447,000
Less than 12 months, unrealized loss	3,805,000	66,000	27,000
12 months or more, unrealized loss	50,000	93,000	101,000
Total, unrealized loss	3,855,000	$ 159,000	$ 128,000
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	419,976,000
12 months or more, fair value	0
Total, fair value	419,976,000
Less than 12 months, unrealized loss	7,187,000
12 months or more, unrealized loss	0
Total, unrealized loss	7,187,000
Number of HTM investments with gross unrealized losses | Security		0	0
Mortgage-Backed Securities [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	419,976,000
12 months or more, fair value	0
Total, fair value	419,976,000
Less than 12 months, unrealized loss	7,187,000
12 months or more, unrealized loss	0
Total, unrealized loss	7,187,000
Obligations of States and Political Subdivisions [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Total, unrealized loss	$ 0	$ 0	$ 0
Number of HTM investments with gross unrealized losses | Security	0
U.S. Treasury Notes [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value			49,996,000
12 months or more, fair value			0
Total, fair value			49,996,000
Less than 12 months, unrealized loss			1,000
12 months or more, unrealized loss			0
Total, unrealized loss	$ 0	0	1,000
Total, number of positions | Security	0
U.S. Government Agency SBA [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 172,000	1,741,000	4,396,000
12 months or more, fair value	2,328,000	6,126,000	4,293,000
Total, fair value	2,500,000	7,867,000	8,689,000
Less than 12 months, unrealized loss	1,000	3,000	14,000
12 months or more, unrealized loss	48,000	90,000	96,000
Total, unrealized loss	$ 49,000	93,000	110,000
Less than 12 months, number of positions | Security	2
12 months or more, number of positions | Security	45
Mortgage-Backed Securities [Member]
Investment Securities, Qualitative Disclosure [Abstract]
Less than 12 months, number of positions | Security	63
12 months or more, number of positions | Security	16
Total, unrealized loss	$ 11,000,000	48,000	5,000
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	143,643,000	20,142,000	0
12 months or more, fair value	124,000	177,000	215,000
Total, fair value	143,767,000	20,319,000	215,000
Less than 12 months, unrealized loss	3,804,000	45,000	0
12 months or more, unrealized loss	2,000	3,000	5,000
Total, unrealized loss	$ 3,806,000	48,000	5,000
Corporate Securities [Member]
Investment Securities, Qualitative Disclosure [Abstract]
Number of investment securities held | Security	0
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value		4,041,000	2,547,000
12 months or more, fair value		0	0
Total, fair value		4,041,000	2,547,000
Less than 12 months, unrealized loss		18,000	12,000
12 months or more, unrealized loss		0	0
Total, unrealized loss	$ 0	$ 18,000	$ 12,000
Other Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Total, number of positions | Security	0

Investment Securities, Proceeds

Investment Securities, Proceeds from Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Proceeds from sales and calls of securities [Abstract]
Gross proceeds	$ 236,082	$ 745	$ 299,870	$ 3,000
Gross gains	3,730	0	5,570	13
Gross losses	$ 3,016	$ 0	$ 3,016	$ 0

Investment Securities, Pledged

Investment Securities, Pledged Securities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Investment Securities [Abstract]
Carrying amount of pledged securities	$ 465.8	$ 439.7	$ 370.4

Federal Home Loan Bank Stock _2

Federal Home Loan Bank Stock and Other Equity Securities, at Cost (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Federal Home Loan Bank Stock and Other Equity Securities, at Cost [Abstract]
FHLB stock and other equity securities	$ 15.5	$ 12.7	$ 12.7

Loans & Leases (Details)

Loans & Leases (Details) $ in Thousands		3 Months Ended
		Jun. 30, 2021USD ($)Loan	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		$ 3,046,492	$ 3,111,533	$ 3,081,789
Less: Unearned Income		13,296	11,941	17,277
Total Loans & Leases		3,033,196	3,099,592	3,064,512
Less: Allowance for Credit Losses		60,229	58,862	55,058
Loans & Leases, Net		2,972,967	3,040,730	3,009,454
Federal Home Loan Bank [Member]
Loan & Lease Portfolio [Abstract]
Collateral on borrowing lines		993,700
Maximum borrowing capacity		716,000
Federal Reserve Bank [Member]
Loan & Lease Portfolio [Abstract]
Collateral on borrowing lines		687,400
Maximum borrowing capacity		429,200
Paycheck Protection Program [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		167,700	224,309	347,400
Loans funded for the small business customers		$ 494,900
Paycheck Protection Program [Member] | Minimum [Member]
Loan & Lease Portfolio [Abstract]
Number of small business customers | Loan		2,000
Commercial Real Estate [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		$ 1,033,747	971,326	873,922
Total Loans & Leases		1,020,077	958,980	855,762
Agricultural Real Estate [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		630,515	643,014	635,077
Total Loans & Leases		630,515	643,014	635,077
Real Estate Construction [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		170,933	185,741	166,548
Total Loans & Leases		170,933	185,741	166,548
Residential 1st Mortgages [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		304,859	299,379	272,209
Total Loans & Leases		304,859	299,379	272,209
Home Equity Lines and Loans [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		32,026	34,239	37,966
Total Loans & Leases		32,026	34,239	37,966
Agricultural [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		236,436	264,372	261,986
Total Loans & Leases		236,436	264,372	261,986
Commercial [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		361,432	374,816	369,817
Total Loans & Leases		361,432	374,816	369,817
Consumer & Other [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases	[1]	177,042	235,529	361,035
Total Loans & Leases		177,042	235,529	361,035
Leases [Member]
Loan & Lease Portfolio [Abstract]
Total Gross Loans & Leases		99,502	103,117	103,229
Total Loans & Leases		$ 99,876	$ 103,522	$ 104,112
[1]	Includes CARES Act Small Business Administration Paycheck Protection Program loans of $ , and as of June 30, 2021, December 31, 2020 and June 30, 2020, respectively.

Allowance for Credit Losses, Al

Allowance for Credit Losses, Allocation of The Allowance For Credit Losses by Portfolio Segment and By Impairment Methodology (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Allowance for Credit Losses [Roll Forward]
Beginning Balance	$ 60,175,000	$ 54,824,000	$ 58,862,000	$ 55,012,000	$ 55,012,000
Charge-Offs	(8,000)	(197,000)	(16,000)	(462,000)	(1,174,000)
Recoveries	62,000	131,000	133,000	208,000	524,000
Provision	0	300,000	1,250,000	300,000	4,500,000
Ending Balance	60,229,000	55,058,000	60,229,000	55,058,000	58,862,000
Ending Balance Individually Evaluated for Impairment	159,000	239,000	159,000	239,000	289,000
Ending Balance Collectively Evaluated for Impairment	60,070,000	54,819,000	60,070,000	54,819,000	58,573,000
Loans & Leases [Abstract]
Ending Balance	3,033,196,000	3,064,512,000	3,033,196,000	3,064,512,000	3,099,592,000
Ending Balance Individually Evaluated for Impairment	8,745,000	10,549,000	8,745,000	10,549,000	9,238,000
Ending Balance Collectively Evaluated for Impairment	3,024,451,000	3,053,963,000	3,024,451,000	3,053,963,000	3,090,354,000
Commercial Real Estate [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	29,066,000	11,122,000	27,679,000	11,053,000	11,053,000
Charge-Offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	(176,000)	10,301,000	1,211,000	10,370,000	16,626,000
Ending Balance	28,890,000	21,423,000	28,890,000	21,423,000	27,679,000
Ending Balance Individually Evaluated for Impairment	0	6,000	0	6,000	0
Ending Balance Collectively Evaluated for Impairment	28,890,000	21,417,000	28,890,000	21,417,000	27,679,000
Loans & Leases [Abstract]
Ending Balance	1,020,077,000	855,762,000	1,020,077,000	855,762,000	958,980,000
Ending Balance Individually Evaluated for Impairment	93,000	1,663,000	93,000	1,663,000	104,000
Ending Balance Collectively Evaluated for Impairment	1,019,984,000	854,099,000	1,019,984,000	854,099,000	958,876,000
Agricultural Real Estate [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	9,048,000	14,469,000	8,633,000	15,128,000	15,128,000
Charge-Offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	59,000	(5,448,000)	474,000	(6,107,000)	(6,495,000)
Ending Balance	9,107,000	9,021,000	9,107,000	9,021,000	8,633,000
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	9,107,000	9,021,000	9,107,000	9,021,000	8,633,000
Loans & Leases [Abstract]
Ending Balance	630,515,000	635,077,000	630,515,000	635,077,000	643,014,000
Ending Balance Individually Evaluated for Impairment	0	5,629,000	0	5,629,000	5,629,000
Ending Balance Collectively Evaluated for Impairment	630,515,000	629,448,000	630,515,000	629,448,000	637,385,000
Real Estate Construction [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	1,647,000	1,927,000	1,643,000	1,949,000	1,949,000
Charge-Offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	(242,000)	(475,000)	(238,000)	(497,000)	(306,000)
Ending Balance	1,405,000	1,452,000	1,405,000	1,452,000	1,643,000
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	1,405,000	1,452,000	1,405,000	1,452,000	1,643,000
Loans & Leases [Abstract]
Ending Balance	170,933,000	166,548,000	170,933,000	166,548,000	185,741,000
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	170,933,000	166,548,000	170,933,000	166,548,000	185,741,000
Residential 1st Mortgages [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	967,000	1,037,000	960,000	855,000	855,000
Charge-Offs	0	0	0	0	0
Recoveries	31,000	26,000	59,000	46,000	52,000
Provision	(41,000)	708,000	(62,000)	870,000	53,000
Ending Balance	957,000	1,771,000	957,000	1,771,000	960,000
Ending Balance Individually Evaluated for Impairment	97,000	121,000	97,000	121,000	117,000
Ending Balance Collectively Evaluated for Impairment	860,000	1,650,000	860,000	1,650,000	843,000
Loans & Leases [Abstract]
Ending Balance	304,859,000	272,209,000	304,859,000	272,209,000	299,379,000
Ending Balance Individually Evaluated for Impairment	1,929,000	2,411,000	1,929,000	2,411,000	2,365,000
Ending Balance Collectively Evaluated for Impairment	302,930,000	269,798,000	302,930,000	269,798,000	297,014,000
Home Equity Lines and Loans [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	1,914,000	2,783,000	2,024,000	2,675,000	2,675,000
Charge-Offs	0	(7,000)	0	(7,000)	(7,000)
Recoveries	7,000	13,000	11,000	34,000	78,000
Provision	(22,000)	(550,000)	(136,000)	(463,000)	(722,000)
Ending Balance	1,899,000	2,239,000	1,899,000	2,239,000	2,024,000
Ending Balance Individually Evaluated for Impairment	7,000	8,000	7,000	8,000	8,000
Ending Balance Collectively Evaluated for Impairment	1,892,000	2,231,000	1,892,000	2,231,000	2,016,000
Loans & Leases [Abstract]
Ending Balance	32,026,000	37,966,000	32,026,000	37,966,000	34,239,000
Ending Balance Individually Evaluated for Impairment	140,000	168,000	140,000	168,000	158,000
Ending Balance Collectively Evaluated for Impairment	31,886,000	37,798,000	31,886,000	37,798,000	34,081,000
Agricultural [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	4,247,000	6,959,000	4,814,000	8,076,000	8,076,000
Charge-Offs	0	0	0	0	0
Recoveries	2,000	3,000	5,000	30,000	81,000
Provision	303,000	(2,172,000)	(267,000)	(3,316,000)	(3,343,000)
Ending Balance	4,552,000	4,790,000	4,552,000	4,790,000	4,814,000
Ending Balance Individually Evaluated for Impairment	0	79,000	0	79,000	92,000
Ending Balance Collectively Evaluated for Impairment	4,552,000	4,711,000	4,552,000	4,711,000	4,722,000
Loans & Leases [Abstract]
Ending Balance	236,436,000	261,986,000	236,436,000	261,986,000	264,372,000
Ending Balance Individually Evaluated for Impairment	6,177,000	473,000	6,177,000	473,000	495,000
Ending Balance Collectively Evaluated for Impairment	230,259,000	261,513,000	230,259,000	261,513,000	263,877,000
Commercial [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	9,976,000	12,214,000	9,961,000	11,466,000	11,466,000
Charge-Offs	0	(182,000)	0	(426,000)	(1,101,000)
Recoveries	16,000	79,000	45,000	80,000	280,000
Provision	(72,000)	(2,068,000)	(86,000)	(1,077,000)	(684,000)
Ending Balance	9,920,000	10,043,000	9,920,000	10,043,000	9,961,000
Ending Balance Individually Evaluated for Impairment	11,000	0	11,000	0	20,000
Ending Balance Collectively Evaluated for Impairment	9,909,000	10,043,000	9,909,000	10,043,000	9,941,000
Loans & Leases [Abstract]
Ending Balance	361,432,000	369,817,000	361,432,000	369,817,000	374,816,000
Ending Balance Individually Evaluated for Impairment	224,000	10,000	224,000	10,000	233,000
Ending Balance Collectively Evaluated for Impairment	361,208,000	369,807,000	361,208,000	369,807,000	374,583,000
Consumer & Other [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	296,000	382,000	333,000	456,000	456,000
Charge-Offs	(8,000)	(8,000)	(16,000)	(29,000)	(66,000)
Recoveries	6,000	10,000	13,000	18,000	33,000
Provision	(13,000)	(25,000)	(49,000)	(86,000)	(90,000)
Ending Balance	281,000	359,000	281,000	359,000	333,000
Ending Balance Individually Evaluated for Impairment	44,000	25,000	44,000	25,000	52,000
Ending Balance Collectively Evaluated for Impairment	237,000	334,000	237,000	334,000	281,000
Loans & Leases [Abstract]
Ending Balance	177,042,000	361,035,000	177,042,000	361,035,000	235,529,000
Ending Balance Individually Evaluated for Impairment	182,000	195,000	182,000	195,000	254,000
Ending Balance Collectively Evaluated for Impairment	176,860,000	360,840,000	176,860,000	360,840,000	235,275,000
Leases [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	1,674,000	3,188,000	1,731,000	3,162,000	3,162,000
Charge-Offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	(35,000)	(388,000)	(92,000)	(362,000)	(1,431,000)
Ending Balance	1,639,000	2,800,000	1,639,000	2,800,000	1,731,000
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	1,639,000	2,800,000	1,639,000	2,800,000	1,731,000
Loans & Leases [Abstract]
Ending Balance	99,876,000	104,112,000	99,876,000	104,112,000	103,522,000
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	99,876,000	104,112,000	99,876,000	104,112,000	103,522,000
Unallocated [Member]
Allowance for Credit Losses [Roll Forward]
Beginning Balance	1,340,000	743,000	1,084,000	192,000	192,000
Charge-Offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	239,000	417,000	495,000	968,000	892,000
Ending Balance	1,579,000	1,160,000	1,579,000	1,160,000	1,084,000
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	1,579,000	1,160,000	1,579,000	1,160,000	1,084,000
Loans & Leases [Abstract]
Ending Balance	0	0	0	0	0
Ending Balance Individually Evaluated for Impairment	0	0	0	0	0
Ending Balance Collectively Evaluated for Impairment	0	0	0	0	0
Restructured Loans [Member]
Loans & Leases [Abstract]
Ending Balance Individually Evaluated for Impairment	$ 361,000	$ 3,100,000	$ 361,000	$ 3,100,000	$ 876,000

Allowance for Credit Losses, Lo

Allowance for Credit Losses, Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings (Details) - USD ($) $ in Thousands	Jun. 30, 2021		Dec. 31, 2020		Jun. 30, 2020
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	$ 3,033,196		$ 3,099,592		$ 3,064,512
Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	2,997,685	[1]	3,071,556	[2]	3,032,294	[3]
Watch [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	907,200		958,200		887,800
Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	17,008		9,405		11,139
Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	18,503		18,631		21,079
Doubtful [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Loss [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Commercial Real Estate [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	1,020,077		958,980		855,762
Commercial Real Estate [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	1,004,715	[1]	946,621	[2]	843,952	[3]
Commercial Real Estate [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	5,990		7,849		7,300
Commercial Real Estate [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	9,372		4,510		4,510
Agricultural Real Estate [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	630,515		643,014		635,077
Agricultural Real Estate [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	621,165	[1]	631,043	[2]	620,754	[3]
Agricultural Real Estate [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	2,811		400		1,530
Agricultural Real Estate [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	6,539		11,571		12,793
Real Estate Construction [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	170,933		185,741		166,548
Real Estate Construction [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	170,933	[1]	185,741	[2]	166,548	[3]
Real Estate Construction [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Real Estate Construction [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Residential 1st Mortgages [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	304,859		299,379		272,209
Residential 1st Mortgages [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	304,089	[1]	298,689	[2]	271,507	[3]
Residential 1st Mortgages [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Residential 1st Mortgages [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	770		690		702
Home Equity Lines and Loans [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	32,026		34,239		37,966
Home Equity Lines and Loans [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	31,848	[1]	34,058	[2]	37,780	[3]
Home Equity Lines and Loans [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Home Equity Lines and Loans [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	178		181		186
Agricultural [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	236,436		264,372		261,986
Agricultural [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	235,716	[1]	263,781	[2]	261,085	[3]
Agricultural [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	64		96		0
Agricultural [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	656		495		901
Commercial [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	361,432		374,816		369,817
Commercial [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	352,598	[1]	373,038	[2]	366,204	[3]
Commercial [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	8,143		1,060		2,309
Commercial [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	691		718		1,304
Consumer & Other [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	177,042		235,529		361,035
Consumer & Other [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	176,745	[1]	235,063	[2]	360,352	[3]
Consumer & Other [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Consumer & Other [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	297		466		683
Leases [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	99,876		103,522		104,112
Leases [Member] | Pass [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	99,876	[1]	103,522	[2]	104,112	[3]
Leases [Member] | Special Mention [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	0		0		0
Leases [Member] | Substandard [Member]
Loan & Lease Portfolio Allocated by Management's Internal Risk Ratings [Abstract]
Loans & Leases	$ 0		$ 0		$ 0
[1]	Includes “Watch” loans of $ million.
[2]	Includes “Watch” loans of $ million.
[3]	Includes “Watch” loans of $ million.

Allowance for Credit Losses, Ag

Allowance for Credit Losses, Aging Analysis of Loan & Lease Portfolio Including Unearned Income, by the Time Past Due (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	$ 0	$ 0	$ 0
Nonaccrual	548,000	473,000	495,000
Total Loans & Leases	3,033,196,000	3,064,512,000	3,099,592,000
Interest income forgone on nonaccrual loans	25,200	8,100	22,000
Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	586,000	828,000	506,000
30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	38,000	97,000	11,000
60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	258,000	0
Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	3,032,610,000	3,063,684,000	3,099,086,000
Commercial Real Estate [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	1,020,077,000	855,762,000	958,980,000
Commercial Real Estate [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	258,000	0
Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	258,000	0
Commercial Real Estate [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	1,020,077,000	855,504,000	958,980,000
Agricultural Real Estate [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	19,000	0	495,000
Total Loans & Leases	630,515,000	635,077,000	643,014,000
Agricultural Real Estate [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	19,000	0	495,000
Agricultural Real Estate [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Agricultural Real Estate [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Agricultural Real Estate [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	630,496,000	635,077,000	642,519,000
Real Estate Construction [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	170,933,000	166,548,000	185,741,000
Real Estate Construction [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Real Estate Construction [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Real Estate Construction [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Real Estate Construction [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	170,933,000	166,548,000	185,741,000
Residential 1st Mortgages [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	304,859,000	272,209,000	299,379,000
Residential 1st Mortgages [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Residential 1st Mortgages [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Residential 1st Mortgages [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Residential 1st Mortgages [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	304,859,000	272,209,000	299,379,000
Home Equity Lines & Loans [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	32,026,000	37,966,000	34,239,000
Home Equity Lines & Loans [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Home Equity Lines & Loans [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Home Equity Lines & Loans [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Home Equity Lines & Loans [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	32,026,000	37,966,000	34,239,000
Agricultural [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	529,000	473,000	0
Total Loans & Leases	236,436,000	261,986,000	264,372,000
Agricultural [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	529,000	473,000	0
Agricultural [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Agricultural [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Agricultural [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	235,907,000	261,513,000	264,372,000
Commercial [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	361,432,000	369,817,000	374,816,000
Commercial [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Commercial [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Commercial [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Commercial [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	361,432,000	369,817,000	374,816,000
Consumer & Other [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	177,042,000	361,035,000	235,529,000
Consumer & Other [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	38,000	97,000	11,000
Consumer & Other [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	38,000	97,000	11,000
Consumer & Other [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Consumer & Other [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	177,004,000	360,938,000	235,518,000
Leases [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
90 Days and Still Accruing	0	0	0
Nonaccrual	0	0	0
Total Loans & Leases	99,876,000	104,112,000	103,522,000
Leases [Member] | Total Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Leases [Member] | 30-59 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Leases [Member] | 60-89 Days Past Due [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	0	0	0
Leases [Member] | Current [Member]
Aging Analysis of Loan & Lease Portfolio by Time Past Due [Abstract]
Total Loans & Leases	$ 99,876,000	$ 104,112,000	$ 103,522,000

Allowance for Credit Losses, Im

Allowance for Credit Losses, Impaired Loans & Lease (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
With no related allowance recorded [Abstract]
Recorded Investment	$ 6,210	$ 5,629	$ 6,210	$ 5,629	$ 5,716
Unpaid Principal Balance	6,252	5,629	6,252	5,629	5,716
Average Recorded Investment	6,167	7,827	6,042	7,856	6,772
Interest Income Recognized	275	90	424	223	403
With an allowance recorded [Abstract]
Recorded Investment	2,125	2,531	2,125	2,531	2,651
Unpaid Principal Balance	2,362	2,775	2,362	2,775	2,929
Related Allowance	141	198	141	198	248
Average Recorded Investment	2,305	2,546	2,305	3,505	2,603
Interest Income Recognized	52	71	84	97	171
Total [Abstract]
Recorded Investment	8,335	8,160	8,335	8,160	8,367
Unpaid Principal Balance	8,614	8,404	8,614	8,404	8,645
Related Allowance	141	198	141	198	248
Average Recorded Investment	8,472	10,373	8,347	11,361	9,375
Interest Income Recognized	327	161	508	320	574
Commercial Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded Investment	80	0	80	0	84
Unpaid Principal Balance	80	0	80	0	84
Average Recorded Investment	40	1,444	41	1,466	764
Interest Income Recognized	5	2	5	31	35
With an allowance recorded [Abstract]
Recorded Investment	0	84	0	84	0
Unpaid Principal Balance	0	84	0	84	0
Related Allowance	0	6	0	6	0
Average Recorded Investment	42	42	42	727	21
Interest Income Recognized	0	1	3	1	1
Total [Abstract]
Related Allowance	0	6	0	6	0
Agricultural Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded Investment	5,629	5,629	5,629	5,629	5,629
Unpaid Principal Balance	5,629	5,629	5,629	5,629	5,629
Average Recorded Investment	5,629	5,629	5,629	5,636	5,629
Interest Income Recognized	236	87	385	176	352
With an allowance recorded [Abstract]
Recorded Investment		0		0	0
Unpaid Principal Balance		0		0	0
Related Allowance		0		0	0
Average Recorded Investment		275		275	137
Interest Income Recognized		0		0	0
Total [Abstract]
Related Allowance		0		0	0
Residential 1st Mortgages [Member]
With an allowance recorded [Abstract]
Recorded Investment	1,666	1,702	1,666	1,702	1,671
Unpaid Principal Balance	1,891	1,921	1,891	1,921	1,895
Related Allowance	83	85	83	85	84
Average Recorded Investment	1,665	1,626	1,665	1,591	1,652
Interest Income Recognized	36	21	56	40	76
Total [Abstract]
Related Allowance	83	85	83	85	84
Home Equity Lines and Loans [Member]
With an allowance recorded [Abstract]
Recorded Investment	61	67	61	67	64
Unpaid Principal Balance	73	77	73	77	75
Related Allowance	3	3	3	3	3
Average Recorded Investment	63	67	63	68	66
Interest Income Recognized	2	1	3	2	4
Total [Abstract]
Related Allowance	3	3	3	3	3
Agricultural [Member]
With no related allowance recorded [Abstract]
Recorded Investment	492		492		3
Unpaid Principal Balance	534		534		3
Average Recorded Investment	493		370		2
Interest Income Recognized	34		34		0
With an allowance recorded [Abstract]
Recorded Investment	0	473	0	473	492
Unpaid Principal Balance	0	487	0	487	534
Related Allowance	0	79	0	79	92
Average Recorded Investment	123	329	123	257	410
Interest Income Recognized	0	43	0	45	59
Total [Abstract]
Related Allowance	0	79	0	79	92
Commercial [Member]
With no related allowance recorded [Abstract]
Recorded Investment	9	0	9	0	0
Unpaid Principal Balance	9	0	9	0	0
Average Recorded Investment	5	754	2	754	377
Interest Income Recognized	0	1	0	16	16
With an allowance recorded [Abstract]
Recorded Investment	215	10	215	10	234
Unpaid Principal Balance	215	10	215	10	234
Related Allowance	11	0	11	0	13
Average Recorded Investment	226	11	226	390	123
Interest Income Recognized	8	2	12	2	18
Total [Abstract]
Related Allowance	11	0	11	0	13
Consumer & Other [Member]
With an allowance recorded [Abstract]
Recorded Investment	183	195	183	195	190
Unpaid Principal Balance	183	196	183	196	191
Related Allowance	44	25	44	25	56
Average Recorded Investment	186	196	186	197	194
Interest Income Recognized	6	3	10	7	13
Total [Abstract]
Related Allowance	$ 44	$ 25	$ 44	$ 25	$ 56

Allowance for Credit Losses, _2

Allowance for Credit Losses, Loans by Class Modified as Troubled Debt Restructured Loans (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)Loan	Jun. 30, 2020USD ($)Loan	Jun. 30, 2021USD ($)Loan	Jun. 30, 2020USD ($)Loan	Dec. 31, 2020USD ($)Loan
CARES Act [Abstract]
Loans restructured under the CARES act			$ 278,100,000
Loans remaining in deferral status	$ 176,400		176,400
Formal foreclosure proceedings in process for consumer mortgage loans secured by residential real estate properties	0		0		$ 0
Troubled Debt Restructured Loans [Abstract]
Specific reserves allocated to troubled debt restructured loans & leases	141,000	$ 373,000	141,000	$ 373,000	158,000
Troubled debt restructured loans	8,300,000		8,300,000
Commitments to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings	$ 0	$ 0	$ 0	$ 0	$ 0
Loans by class modified as troubled debt restructured loans [Abstract]
Number of Loans | Loan	0	5	0	5	6
Pre-Modification Outstanding Recorded Investment		$ 651,000		$ 651,000	$ 875,000
Post-Modification Outstanding Recorded Investment		$ 651,000		$ 651,000	875,000
Increase in allowance for loan losses due to TDR					120,000
TDR's charge-offs					$ 0
Number of loans modified as troubled debt restructurings with subsequent payment defaults | Loan	0	0	0	0	0
Threshold period after which loan is considered to be in payment default			90 days
Stated Interest Rate Reduction [Member]
Troubled Debt Restructured Loans [Abstract]
Period of modifications			5 years	5 years
Extended Maturity [Member]
Troubled Debt Restructured Loans [Abstract]
Period of modifications				10 years
Extended Maturity [Member] | Minimum [Member]
Troubled Debt Restructured Loans [Abstract]
Period of modifications	3 months
Extended Maturity [Member] | Maximum [Member]
Troubled Debt Restructured Loans [Abstract]
Period of modifications	10 years
Performing [Member]
Troubled Debt Restructured Loans [Abstract]
Troubled debt restructured loans	$ 7,800,000	$ 8,100,000	$ 7,800,000	$ 8,100,000	$ 7,900,000
Residential 1st Mortgages [Member]
Loans by class modified as troubled debt restructured loans [Abstract]
Number of Loans | Loan		2		2	2
Pre-Modification Outstanding Recorded Investment		$ 156,000		$ 156,000	$ 156,000
Post-Modification Outstanding Recorded Investment		$ 156,000		$ 156,000	$ 156,000
Commercial [Member]
Loans by class modified as troubled debt restructured loans [Abstract]
Number of Loans | Loan					1
Pre-Modification Outstanding Recorded Investment					$ 224,000
Post-Modification Outstanding Recorded Investment					$ 224,000
Agricultural [Member]
Loans by class modified as troubled debt restructured loans [Abstract]
Number of Loans | Loan		3		3	3
Pre-Modification Outstanding Recorded Investment		$ 495,000		$ 495,000	$ 495,000
Post-Modification Outstanding Recorded Investment		$ 495,000		$ 495,000	$ 495,000

Fair Value Measurements (Detail

Fair Value Measurements (Details)	6 Months Ended
	Jun. 30, 2021
Impaired Loans [Member]
Fair Value Measurements [Abstract]
Percentage of selling costs	10.00%
ORE [Member]
Fair Value Measurements [Abstract]
Percentage of selling costs	10.00%

Fair Value Measurements, Assets

Fair Value Measurements, Assets and Liabilities Measured at Fair Value on a Recurring Basis (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
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		$ 351,661		$ 569,407	$ 351,661		$ 569,407	$ 807,732
Level 1 to Level 2 transfers		0		0	0		0
Level 2 to Level 1 transfers		0		0	0		0
Transfer into Level 3		0		0	0		0
Transfer out of Level 3		0		0	0		0
U.S. Treasury Notes [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		10,187		65,384	10,187		65,384	15,288
U.S. Government Agency SBA [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		7,347		9,288	7,347		9,288	8,160
Mortgage-Backed Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale	[2]	287,617	[1]	469,225	287,617	[1]	469,225	737,873
Corporate Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale				10,203			10,203	45,919
Other [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		46,510		15,307	46,510		15,307	492
Recurring [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		351,661		569,407	351,661		569,407	807,732
Recurring [Member] | U.S. Treasury Notes [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		10,187		65,384	10,187		65,384	15,288
Recurring [Member] | U.S. Government Agency SBA [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		7,347		9,288	7,347		9,288	8,160
Recurring [Member] | Mortgage-Backed Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		287,617		469,225	287,617		469,225	737,873
Recurring [Member] | Corporate Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale				10,203			10,203	45,919
Recurring [Member] | Other [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		46,510		15,307	46,510		15,307	492
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		56,387		80,381	56,387		80,381	15,470
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury Notes [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		10,187		65,384	10,187		65,384	15,288
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Agency SBA [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mortgage-Backed Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale				0			0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		46,200		14,997	46,200		14,997	182
Recurring [Member] | Other Observable Inputs (Level 2) [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		295,275		489,026	295,275		489,026	792,262
Recurring [Member] | Other Observable Inputs (Level 2) [Member] | U.S. Treasury Notes [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Other Observable Inputs (Level 2) [Member] | U.S. Government Agency SBA [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		7,348		9,288	7,348		9,288	8,160
Recurring [Member] | Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		287,617		469,225	287,617		469,225	737,873
Recurring [Member] | Other Observable Inputs (Level 2) [Member] | Corporate Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale				10,203			10,203	45,919
Recurring [Member] | Other Observable Inputs (Level 2) [Member] | Other [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		310		310	310		310	310
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasury Notes [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Agency SBA [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Mortgage-Backed Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		0		0	0		0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Securities [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale				0			0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other [Member]
Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy [Abstract]
Investment Securities Available-for-Sale		$ 0		$ 0	$ 0		$ 0	$ 0
[1]	During Q the Company transferred of AFS securities to HTM.
[2]	All Mortgage-backed securities consist of securities collateralized by residential real estate and were issued by an agency or government-sponsored entity of the U.S. government.

Fair Value Measurements, Asse_2

Fair Value Measurements, Assets or Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	$ 1,977	$ 2,396	$ 2,070
Other Real Estate	873	873	873
Total Assets Measured at Fair Value On a Non-Recurring Basis	2,850	3,269	2,943
Residential 1st Mortgage [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	1,576	1,584	1,613
Home Equity Lines and Loans [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	58	61	63
Agricultural [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans		400	259
Commercial [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	204	213
Consumer [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	139	138	135
Real Estate Construction [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Other Real Estate	873	873	873
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Other Real Estate	0	0	0
Total Assets Measured at Fair Value On a Non-Recurring Basis	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Residential 1st Mortgage [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Home Equity Lines and Loans [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Agricultural [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans		0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Consumer [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Real Estate Construction [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Other Real Estate	0	0	0
Other Observable Inputs (Level 2) [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Other Real Estate	0	0	0
Total Assets Measured at Fair Value On a Non-Recurring Basis	0	0	0
Other Observable Inputs (Level 2) [Member] | Residential 1st Mortgage [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Other Observable Inputs (Level 2) [Member] | Home Equity Lines and Loans [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Other Observable Inputs (Level 2) [Member] | Agricultural [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans		0	0
Other Observable Inputs (Level 2) [Member] | Commercial [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0
Other Observable Inputs (Level 2) [Member] | Consumer [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	0	0	0
Other Observable Inputs (Level 2) [Member] | Real Estate Construction [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Other Real Estate	0	0	0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	1,977	2,396	2,070
Other Real Estate	873	873	873
Total Assets Measured at Fair Value On a Non-Recurring Basis	2,850	3,269	2,943
Significant Unobservable Inputs (Level 3) [Member] | Residential 1st Mortgage [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	1,576	1,584	1,613
Significant Unobservable Inputs (Level 3) [Member] | Home Equity Lines and Loans [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	58	61	63
Significant Unobservable Inputs (Level 3) [Member] | Agricultural [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans		400	259
Significant Unobservable Inputs (Level 3) [Member] | Commercial [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	204	213
Significant Unobservable Inputs (Level 3) [Member] | Consumer [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Impaired Loans	139	138	135
Significant Unobservable Inputs (Level 3) [Member] | Real Estate Construction [Member]
Fair Value on Non-recurring Basis by Fair Value Hierarchy [Abstract]
Other Real Estate	$ 873	$ 873	$ 873

Fair Value Measurements, Quanti

Fair Value Measurements, Quantitative Information (Details) $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Level 3 [Member] | Residential 1st Mortgage [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Minimum [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.0069	0.0072	0.008
Level 3 [Member] | Residential 1st Mortgage [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Maximum [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.0406	0.0413	0.042
Level 3 [Member] | Residential 1st Mortgage [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.0257	0.0257	0.026
Level 3 [Member] | Home Equity Lines and Loans [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Minimum [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.011	0.011	0.0022
Level 3 [Member] | Home Equity Lines and Loans [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Maximum [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.013	0.014	0.0142
Level 3 [Member] | Home Equity Lines and Loans [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.0123	0.0125	0.013
Level 3 [Member] | Agricultural [Member] | Income Approach [Member] | Capitalization Rate [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input		0.10	0.10
Level 3 [Member] | Agricultural [Member] | Income Approach [Member] | Capitalization Rate [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input		0.10	0.10
Level 3 [Member] | Commercial [Member] | Income Approach [Member] | Capitalization Rate [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.10	0.10
Level 3 [Member] | Commercial [Member] | Income Approach [Member] | Capitalization Rate [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.10	0.10
Level 3 [Member] | Consumer [Member] | Income Approach [Member] | Capitalization Rate [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input			0.10
Level 3 [Member] | Consumer [Member] | Income Approach [Member] | Capitalization Rate [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input			0.10
Level 3 [Member] | Consumer [Member] | Income Approach [Member] | Adjustment for Difference Between Comparable Sales [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.10
Level 3 [Member] | Consumer [Member] | Income Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input	0.10
Level 3 [Member] | Consumer [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input		0.10
Level 3 [Member] | Consumer [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Impaired loans, measurement input		0.10
Level 3 [Member] | Real Estate Construction [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member]
Quantitative Information [Abstract]
Other real estate, measurement input	0.10	0.10	0.10
Level 3 [Member] | Real Estate Construction [Member] | Sales Comparison Approach [Member] | Adjustment for Difference Between Comparable Sales [Member] | Weighted Average [Member]
Quantitative Information [Abstract]
Other real estate, measurement input	0.10	0.10	0.10
Nonrecurring [Member]
Quantitative Information [Abstract]
Impaired loans	$ 1,977	$ 2,396	$ 2,070
Other real estate	873	873	873
Nonrecurring [Member] | Residential 1st Mortgage [Member]
Quantitative Information [Abstract]
Impaired loans	1,576	1,584	1,613
Nonrecurring [Member] | Home Equity Lines and Loans [Member]
Quantitative Information [Abstract]
Impaired loans	58	61	63
Nonrecurring [Member] | Agricultural [Member]
Quantitative Information [Abstract]
Impaired loans		400	259
Nonrecurring [Member] | Commercial [Member]
Quantitative Information [Abstract]
Impaired loans	204	213
Nonrecurring [Member] | Consumer [Member]
Quantitative Information [Abstract]
Impaired loans	139	138	135
Nonrecurring [Member] | Real Estate Construction [Member]
Quantitative Information [Abstract]
Other real estate	873	873	873
Nonrecurring [Member] | Level 3 [Member]
Quantitative Information [Abstract]
Impaired loans	1,977	2,396	2,070
Other real estate	873	873	873
Nonrecurring [Member] | Level 3 [Member] | Residential 1st Mortgage [Member]
Quantitative Information [Abstract]
Impaired loans	1,576	1,584	1,613
Nonrecurring [Member] | Level 3 [Member] | Home Equity Lines and Loans [Member]
Quantitative Information [Abstract]
Impaired loans	58	61	63
Nonrecurring [Member] | Level 3 [Member] | Agricultural [Member]
Quantitative Information [Abstract]
Impaired loans		400	259
Nonrecurring [Member] | Level 3 [Member] | Commercial [Member]
Quantitative Information [Abstract]
Impaired loans	204	213
Nonrecurring [Member] | Level 3 [Member] | Consumer [Member]
Quantitative Information [Abstract]
Impaired loans	139	138	135
Nonrecurring [Member] | Level 3 [Member] | Real Estate Construction [Member]
Quantitative Information [Abstract]
Other real estate	$ 873	$ 873	$ 873

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Assets [Abstract]
Investment Securities Available-for-Sale	$ 351,661	$ 807,732	$ 569,407
Carrying Amount [Member]
Assets [Abstract]
Cash and Cash Equivalents	834,710	383,837	371,439
Investment Securities Available-for-Sale	351,661	807,732	569,407
Investment Securities Held-to-Maturity	496,470	68,933	69,036
Loans & Leases, Net	2,972,967	3,040,730	3,009,454
Accrued Interest Receivable	16,367	20,333	18,083
Liabilities [Abstract]
Deposits	4,412,064	4,060,267	3,782,033
Subordinated Debentures	10,310	10,310	10,310
Accrued Interest Payable	592	1,383	2,183
Estimated Fair Value [Member]
Assets [Abstract]
Cash and Cash Equivalents	834,710	383,837	371,439
Investment Securities Available-for-Sale	351,661	807,732	569,407
Investment Securities Held-to-Maturity	490,185	70,049	70,194
Loans & Leases, Net	2,984,866	3,045,911	3,001,079
Accrued Interest Receivable	16,367	20,333	18,083
Liabilities [Abstract]
Deposits	4,412,534	4,061,240	3,783,961
Subordinated Debentures	6,831	6,888	6,936
Accrued Interest Payable	592	1,383	2,183
Estimated Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Cash and Cash Equivalents	834,710	383,837	371,439
Investment Securities Available-for-Sale	56,387	15,470	80,691
Investment Securities Held-to-Maturity	0	0	0
Loans & Leases, Net	0	0	0
Accrued Interest Receivable	0	0	0
Liabilities [Abstract]
Deposits	4,010,525	3,638,400	3,250,311
Subordinated Debentures	0	0	0
Accrued Interest Payable	0	0	0
Estimated Fair Value [Member] | Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Cash and Cash Equivalents	0	0	0
Investment Securities Available-for-Sale	295,274	792,262	488,716
Investment Securities Held-to-Maturity	445,236	26,262	28,893
Loans & Leases, Net	0	0	0
Accrued Interest Receivable	16,367	20,333	18,083
Liabilities [Abstract]
Deposits	0	0	0
Subordinated Debentures	6,831	6,888	6,936
Accrued Interest Payable	592	1,383	2,183
Estimated Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Cash and Cash Equivalents	0	0	0
Investment Securities Available-for-Sale	0	0	0
Investment Securities Held-to-Maturity	44,949	43,787	41,301
Loans & Leases, Net	2,984,866	3,045,911	3,001,079
Accrued Interest Receivable	0	0	0
Liabilities [Abstract]
Deposits	402,009	422,840	533,650
Subordinated Debentures	0	0	0
Accrued Interest Payable	$ 0	$ 0	$ 0

Dividends and Basic and Dilut_3

Dividends and Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	May 13, 2021	Jul. 01, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Dividends [Abstract]
Cash dividends declared per share of common stock (in dollars per share)			$ 7.50	$ 7.25	$ 7.50	$ 7.25
Basic Earnings per Common Share [Abstract]
Net Income			$ 16,153	$ 14,309	$ 32,866	$ 28,431
Weighted Average Number of Common Shares Outstanding (in shares)			789,646	793,556	789,646	793,530
Basic Earnings Per Common Share (in dollars per share)			$ 20.45	$ 18.03	$ 41.62	$ 35.83
Diluted Earnings Per Common Share (in dollars per share)			$ 20.45	$ 18.03	$ 41.62	$ 35.83
Mid-Year Cash Dividend Declared in 2021 [Member]
Dividends [Abstract]
Dividend, declared date					May 13, 2021
Cash dividends declared per share of common stock (in dollars per share)	$ 7.50
Percentage increase in cash dividend per share	3.40%
Dividends payable, date paid					Jul. 1, 2021
Dividend, record date					Jun. 11, 2021
Mid-Year Cash Dividend Declared in 2020 [Member]
Dividends [Abstract]
Cash dividends paid per share of common stock (in dollars per share)		$ 7.25
Dividends payable, date paid					Jul. 1, 2020

Leases (Details)

Leases (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)Lease	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Operating Leases [Abstract]
Lease extension option term		5 years
Operating lease ROU assets		$ 4,040,000	$ 4,640,000	$ 4,800,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		Interest Receivable and Other Assets	Interest Receivable and Other Assets
Operating lease liability		$ 4,130,000	$ 4,710,000	4,920,000
Operating lease cost		$ 379,000	$ 416,000	$ 833,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Interest Payable and Other Liabilities	Interest Payable and Other Liabilities
Early termination of lease | Lease	1
Reduction in ROU assets	$ (482,000)
Reduction in lease liability	$ (494,000)
Minimum [Member]
Operating Leases [Abstract]
Remaining lease term		1 year
Lease extension option term		5 years
Maximum [Member]
Operating Leases [Abstract]
Remaining lease term		10 years
Lease extension option term		10 years

Leases, Information Related to

Leases, Information Related to Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash Paid for Amounts Included in the Measurement of Lease Liabilities [Abstract]
Operating Cash Flow from Operating Leases	$ 363	$ 395	$ 795
Weighted-Average Remaining Lease Term - Operating Leases	7 years 1 month 17 days	7 years 5 months 23 days	7 years 3 months 29 days
Weighted-Average Discount Rate - Operating Leases	2.80%	3.20%	2.90%

Leases, Maturity of Remaining L

Leases, Maturity of Remaining Lease Liability (Details) $ in Thousands	Jun. 30, 2021USD ($)Lease	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Maturity of Remaining Lease Liability [Abstract]
2021	$ 323
2022	644
2023	653
2024	667
2025	677
2026 and thereafter	1,564
Total Lease Payments	4,528
Less: Interest	(398)
Present Value of Lease Liabilities	$ 4,130	$ 4,920	$ 4,710
Number of operating leases for office space that will expire after current period | Lease	1
Operating lease, renewal term	5 years

Leases, Lessor - Direct Financi

Leases, Lessor - Direct Financing Leases (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Lessor - Direct Financing Leases [Abstract]
Net investment in direct financing leases	$ 99.9	$ 103.5	$ 104.1
Minimum [Member]
Lessor - Direct Financing Leases [Abstract]
Term of direct financing leases	3 years
Maximum [Member]
Lessor - Direct Financing Leases [Abstract]
Term of direct financing leases	10 years