Mutualfirst Financial (MFSF) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 08, 2019
Document Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	MUTUALFIRST FINANCIAL INC
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,526,246
Entity Central Index Key	0001094810
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 11,228	$ 13,078
Interest-bearing demand deposits	21,716	20,336
Cash and cash equivalents	32,944	33,414
Interest-bearing time deposits	4,277	4,239
Investment securities available for sale (carried at fair value)	375,948	370,875
Loans held for sale	38,744	3,987
Loans, net of allowance for loan losses of $13,435 and $13,281, at June 30, 2019 and December 31, 2018, respectively	1,485,703	1,482,662
Premises and equipment, net	24,969	25,641
Federal Home Loan Bank stock	13,115	13,034
Deferred tax asset, net	4,142	7,744
Cash value of life insurance	60,787	60,160
Goodwill	22,310	22,310
Core deposit intangibles	3,156	3,569
Other real estate owned and repossessed assets	2,259	2,013
Other assets	22,565	19,665
Total assets	2,090,919	2,049,313
Deposits
Noninterest-bearing	274,420	259,909
Interest-bearing	1,301,593	1,259,316
Total deposits	1,576,013	1,519,225
Federal Home Loan Bank advances	260,615	292,497
Other borrowings	17,732	17,988
Other liabilities	19,701	17,240
Total liabilities	1,874,061	1,846,950
Stockholders' Equity
Common stock, $0.01 par value Authorized - 20,000,000 shares Issued and outstanding - 8,551,233 and 8,603,462 shares at June 30, 2019 and December 31, 2018, respectively	86	86
Additional paid-in capital	115,741	117,883
Retained earnings	94,567	87,018
Accumulated other comprehensive income (loss)	6,464	(2,624)
Total stockholders' equity	216,858	202,363
Total liabilities and stockholders' equity	$ 2,090,919	$ 2,049,313

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Allowance for loan losses	$ 13,435	$ 13,281
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	20,000,000	20,000,000
Common stock, shares Issued	8,551,233	8,603,462
Common stock, shares outstanding	8,551,233	8,603,462

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and Dividend Income
Loans receivable	$ 18,542	$ 17,738	$ 36,812	$ 32,063
Investment securities	2,730	2,693	5,496	4,859
Federal Home Loan Bank stock	178	127	356	317
Deposits with financial institutions	68	63	156	130
Total interest and dividend income	21,518	20,621	42,820	37,369
Interest Expense
Deposits	3,901	2,540	7,474	4,647
Federal Home Loan Bank advances	1,322	1,174	2,758	2,136
Other	251	299	502	394
Total interest expense	5,474	4,013	10,734	7,177
Net Interest Income	16,044	16,608	32,086	30,192
Provision for loan losses	475	500	950	950
Net Interest Income After Provision for Loan Losses	15,569	16,108	31,136	29,242
Non-interest Income
Net realized gain on sales of available for sale securities	422	106	866	260
Net gains on sales of loans	1,341	736	2,371	1,371
Net servicing fees	139	154	288	304
Increase in cash value of life insurance	325	322	627	611
Gain (loss) on sale of other real estate and repossessed assets	(29)	11	(58)	(57)
Other income	183	148	368	597
Total non-interest income	5,704	4,804	10,789	9,239
Non-interest Expenses
Salaries and employee benefits	8,541	8,628	17,101	15,917
Net occupancy expenses	996	995	2,040	1,892
Equipment expenses	584	698	1,231	1,254
Data processing fees	639	676	1,290	1,269
ATM and debit card expenses	598	573	1,160	1,044
Deposit insurance	209	225	416	482
Professional fees	472	472	880	1,254
Advertising and promotion	345	499	674	859
Software subscriptions and maintenance	816	691	1,585	1,285
Intangible amortization	200	375	414	538
Other real estate and repossessed assets	70	44	123	89
Other expenses	1,174	2,287	2,289	3,257
Total non-interest expenses	14,644	16,163	29,203	29,140
Income Before Income Tax	6,629	4,749	12,722	9,341
Income tax expense	878	584	1,733	1,169
Net Income	$ 5,751	$ 4,165	$ 10,989	$ 8,172
Earnings Per Common Share
Basic	$ 0.67	$ 0.49	$ 1.28	$ 1
Diluted	0.66	0.48	1.26	0.98
Dividends Per Common Share	$ 0.20	$ 0.18	$ 0.40	$ 0.36
Service Fees [Member]
Non-interest Income
Non-interest income	$ 2,041	$ 1,959	$ 3,849	$ 3,523
Commissions [Member]
Non-interest Income
Non-interest income	$ 1,282	$ 1,368	$ 2,478	$ 2,630

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 5,751	$ 4,165	$ 10,989	$ 8,172
Other Comprehensive Income (Loss)
Net unrealized holding gain (loss) on securities available for sale	5,430	(1,312)	12,389	(6,243)
Reclassification adjustment for realized gains included in net income	(422)	(106)	(866)	(260)
Other comprehensive income (loss), before tax, total	5,008	(1,418)	11,523	(6,503)
Income tax (benefit) expense related to other comprehensive income	(1,059)	302	(2,435)	1,381
Other comprehensive income (loss), net of tax	3,949	(1,116)	9,088	(5,122)
Comprehensive Income	$ 9,700	$ 3,049	$ 20,077	$ 3,050

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional paid-in capital commons stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance at Dec. 31, 2017	$ 74	$ 75,319	$ 74,508	$ 381	$ 150,282
Net Income			8,172		8,172
Other comprehensive income, net of taxes				(5,122)	(5,122)
Stock options, exercised		121			121
Cash dividends, common stock			(3,088)		(3,088)
Issuance of commons stock related to acquisition	12	42,311			42,323
Ending Balance at Jun. 30, 2018	86	117,751	79,592	(4,741)	192,688
Beginning Balance at Mar. 31, 2018	86	117,630	76,971	(3,625)	191,062
Net Income			4,165		4,165
Other comprehensive income, net of taxes				(1,116)	(1,116)
Stock options, exercised		121			121
Cash dividends, common stock			(1,544)		(1,544)
Ending Balance at Jun. 30, 2018	86	117,751	79,592	(4,741)	192,688
Beginning Balance at Dec. 31, 2018	86	117,883	87,018	(2,624)	202,363
Net Income			10,989		10,989
Other comprehensive income, net of taxes				9,088	9,088
Stock repurchased		(2,351)			(2,351)
Stock options, exercised		209			209
Cash dividends, common stock			(3,440)		(3,440)
Ending Balance at Jun. 30, 2019	86	115,741	94,567	6,464	216,858
Beginning Balance at Mar. 31, 2019	86	118,052	90,531	2,515	211,184
Net Income			5,751		5,751
Other comprehensive income, net of taxes				3,949	3,949
Stock repurchased		(2,351)			(2,351)
Stock options, exercised		40			40
Cash dividends, common stock			(1,715)		(1,715)
Ending Balance at Jun. 30, 2019	$ 86	$ 115,741	$ 94,567	$ 6,464	$ 216,858

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Condensed Statement of Changes in Stockholders' Equity [Abstract]
Cash dividends, common stock, per share	$ 0.20	$ 0.18	$ 0.40	$ 0.36

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Net income	$ 10,989	$ 8,172
Items not requiring cash
Provision for loan losses	950	950
Depreciation and amortization	3,180	2,715
Deferred income tax	1,167	267
Increase in cash value of life insurance	(627)	(611)
Net amortization (accretion) of purchase accounting adjustments	66	(176)
Loans originated for sale	(77,831)	(48,527)
Proceeds from sales of loans held for sale	72,803	50,380
Net gain on sale of loans	(2,371)	(1,371)
Net gain on sale of securities, available for sale	(866)	(260)
Gain on bank owned life insurance		(326)
Loss on sale of other real estate and repossessed assets	58	57
Change in
Interest receivable and other assets	1,546	816
Interest payable and other liabilities	(2,044)	614
Other adjustments	50	50
Net cash provided by operating activities	7,070	12,750
Investing Activities
Net change in interest-bearing time deposits	(38)	6,118
Purchases of securities, available for sale	(35,020)	(61,843)
Proceeds from maturities and paydowns of securities, available for sale	16,901	14,736
Proceeds from sales of securities, available for sale	24,690	43,284
Purchase of Federal Home Loan Bank stock	(81)
Net change in loans	(33,754)	(33,916)
Net cash and cash equivalents paid in acquisition		(7,673)
Purchases of premises and equipment	(862)	(715)
Proceeds from sale of real estate owned and repossessed assets	1,382	797
Proceeds from bank owned life insurance		1,669
Proceeds from sale of premises and equipment	375	67
Net cash used in investing activities	(26,407)	(37,476)
Net change in
Noninterest-bearing, interest-bearing demand and savings deposits	28,381	13,573
Certificates of deposit	28,320	(10,645)
Proceeds from FHLB advances	224,100	233,000
Repayments of FHLB advances	(256,046)	(212,335)
Proceeds from other borrowings		10,000
Repayments of other borrowings	(306)	(236)
Cash dividends	(3,440)	(3,088)
Stock options exercised	209	121
Stock repurchased	(2,351)
Net cash provided by financing activities	18,867	30,390
Net Change in Cash and Cash Equivalents	(470)	5,664
Cash and Cash Equivalents, Beginning of Period	33,414	27,341
Cash and Cash Equivalents, End of Period	32,944	33,005
Additional Cash Flows Information
Interest paid	11,026	6,926
Income tax paid		350
Transfers from loans to loans held for sale	27,561
Transfers from loans to foreclosed assets	1,397	1,055
Mortgage servicing rights capitalized	203	167
Right of use assets obtained in exchange for lease obligations	$ 3,603
Fair value of assets acquired		406,858
Cash paid in acquisition		(18,999)
Common stock issued		(42,323)
Liabilities assumed		$ 345,536

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Note 1: Basis of Presentation The consolidated condensed financial statements include the accounts of MutualFirst Financial, Inc. (MutualFirst or the “Company”), its wholly owned subsidiaries, MFBC Statutory Trust, Universal Preferred Trust, MutualFirst Risk Management, Inc., Mutual Risk Advisors, Inc., and MutualBank, an Indiana commercial bank (“Mutual” or the “Bank”), Mutual’s wholly owned subsidiaries, First MFSB Corporation, Mishawaka Financial Services, Summit Service Corp. and the wholly owned subsidiary of Summit Service Corp., Summit Mortgage Inc. (“Summit”), Mutual Federal Investment Company (“MFIC”), and MFIC majority owned subsidiary, Mutual Federal REIT, Inc. All significant inter-company accounts and transactions have been eliminated in consolidation. These companies conform to accounting principles generally accepted in the United States of America and reporting practices followed by the banking industry. The more significant of the policies are described below. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2018, filed with the Securities and Exchange Commission on March 15, 2019 The interim consolidated condensed financial statements at and for the three and six months ended June 30, 2019 and 2018, have not been audited by independent accountants, but in the opinion of management, reflect all adjustments necessary to present fairly the financial position, results of operations and cash flows for such periods. The results of operations for the period are not necessarily indicative of the results to be expected for the full year. The Consolidated Condensed Balance Sheet of the Company as of December 31, 2018 has been derived from the Audited Consolidated Balance Sheet of the Company as of that date.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2019
Acquisitions [Abstract]
Acquisitions	Note 2: Acquisitions On February 28, 2018, the Company completed the 100% acquisition of Universal Bancorp (“Universal”). Universal and BloomBank, a wholly-owned subsidiary of Universal, merged with and into the Company and the Bank, respectively. BloomBank was headquartered in Bloomfield, Indiana and had 13 retail financial center offices serving counties in central and southern Indiana. Under terms of the merger agreement, shareholders of Universal received fixed consideration of 15.6 shares of MutualFirst common stock and $250.00 in cash for each share of Universal common stock. The Company issued approximately 1.2 million shares of common stock, which was valued at approximately $42.3 million. Based upon the February 28, 2018 closing price of $35.70 per share of MutualFirst common stock, the transaction had an implied valuation of approximately $61.3 million. The Company incurred approximately $2.0 million in pre-tax expenses related to the acquisition in the first six months of 2018. These expenses were classified in the non-interest expense section of the income statement, primarily in professional fees and other expenses. As a result of the acquisition, the Company was able to increase both its deposit and loan base and expects to reduce costs through economies of scale. Goodwill resulted from this transaction due to the expected synergies and economies of scale. Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on valuations of the fair value of tangible and intangible assets acquired, liabilities assumed and related deferred tax impacts, which were based on assumptions that were subject to change as management evaluated, the purchase price for the Universal acquisition is detailed in the following table. If, prior to the end of the one-year measurement period for finalizing the purchase price allocation, information becomes available which would indicate adjustments were required to the purchase price allocation, such adjustments will be recorded in the reporting period in which the adjustment amounts were determined. The first quarter of 2019 was the final period allowing for measurement period adjustments. There have been no measurement period adjustments in 2019. Measurement period adjustments recorded in 2018 were calculated as if the accounting had been completed as of the acquisition date. Assets Liabilities Cash and cash equivalents $ 11,326 Deposits Interest-bearing time deposits 8,747 Non-interest bearing $ 81,061 Investment securities, available for sale 87,817 NOW accounts 66,372 Savings and money market 85,690 Loans Certificated of deposits 82,107 Commercial 203,489 Total deposits 315,230 Residential mortgage 36,410 Consumer 12,532 Borrowings 25,463 Total loans 252,431 Interest payable 81 Subordinated debt 4,000 Premises and equipment, net 4,799 Other liabilities 462 Federal Home Loan Bank stock 1,637 Total liabilities assumed $ 345,236 Deferred tax asset, net 2,848 Cash value of life insurance 7,556 Goodwill 20,511 Core deposit intangible 4,545 Interest receivable 1,259 Other real estate owned and repossessed assets 1,009 Other assets 2,073 Total assets purchased $ 406,558 Common shares issued $ 42,323 Cash paid 18,999 Total purchase price $ 61,322 Of the total purchase price, $4.5 million was allocated to a core deposit intangible that is being amortized over its estimated life of 15 years. Of the remaining purchase price, $20.5 million was allocated to goodwill, which is not deductible for tax purposes. Loans acquired had a fair value of $252.4 million. The contractual principal at the acquisition date was $257.0 million. The $4.6 million will be accreted into income for the performing loans or utilized for charging off non-performing loans. Pro Forma Financial Information The results of operations of Universal Bancorp have been included in the Company’s consolidated financial statements since the acquisition date. The following schedule includes pro forma results for the three and six months ended June 30, 2018, as if the Universal acquisition occurred as of the beginning of the reporting periods presented. Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 Summary of Operations Net interest income $ 16,608 $ 32,483 Provision for loan losses (500) (950) Net interest income after provision $ 16,108 $ 31,533 Non-interest income 4,804 9,517 Non-interest expense (16,163) (34,958) Income before income taxes $ 4,749 $ 6,092 Income tax benefit (expense) (584) (376) Net income to common shareholders $ 4,165 $ 5,716 Basic earnings per share $ 0.49 $ 0.67 Diluted earnings per share $ 0.48 $ 0.65 The pro-forma information for June 30, 2018 includes operating revenue from Universal of $5.5 million since the date of acquisition. Earnings of Universal since the acquisition date, net of tax and non-recurring expenses related to the acquisition were $2.9 million as of June 30, 2018. The pro forma information is presented for information purposes only and is not indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 3: Earnings Per Share Earnings per share were computed as follows: Three Months Ended June 30, 2019 2018 Weighted-Average Per-Share Weighted-Average Per-Share Net Income Shares Amount Net Income Shares Amount Basic Earnings Per Share Net income $ 5,751 8,602,257 $ 0.67 $ 4,165 8,577,017 $ 0.49 Effect of Dilutive Securities Stock options 116,202 154,594 Diluted Earnings Per Share Net income available and assumed conversions $ 5,751 8,718,459 $ 0.66 $ 4,165 8,731,611 $ 0.48 Six Months Ended June 30, 2019 2018 Weighted-Average Per-Share Weighted-Average Per-Share Net Income Shares Amount Net Income Shares Amount Basic Earnings Per Share Net income $ 10,989 8,611,779 $ 1.28 $ 8,172 8,196,083 $ 1.00 Effect of Dilutive Securities Stock options 120,308 154,785 Diluted Earnings Per Share Net income available and assumed conversions $ 10,989 8,732,087 $ 1.26 $ 8,172 8,350,868 $ 0.98 As of June 30, 2019 and 2018, the exercise price for all options was lower than the average market price of the common shares.

Impact of Accounting Pronouncem

Impact of Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
Impact of Accounting Pronouncements [Abstract]
Impact of Accounting Pronouncements	Note 4: Impact of Accounting Pronouncements In March 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-01 “Leases (Topic 842): Codification Improvements.” These amendments align the guidance for fair value of the underlying asset by lessors that are not manufacturers or dealers in Topic 842 with that of existing guidance. Finally, the ASU exempts both lessees and lessors from having to provide certain interim disclosures in the fiscal year in which a company adopts the new leases standard. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early application is permitted. An entity should apply the amendments as of the date that it first applied Topic 842, using the same transition methodology in accordance with paragraph 842-10-65-1(c). The Company adopted Topic 842 on January 1, 2019 and applied the amendments in ASU 2019-01 as of the same date and it did not have a material impact on its accounting and disclosures. In August 2018, the FASB issued ASU 2018‑13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. These amendments modify the disclosure requirements in Topic 820 as follows: · Removal of the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level 3 fair value measurements. · For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; and the amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. · Additional disclosure of the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The guidance is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018‑13 and delay adoption of the additional disclosures until their effective date. The Company is assessing ASU 2018‑13 and the impact on its disclosures. In June 2018, the FASB issued ASU 2018‑07, Compensation – Stock Compensation (Topic 718) – Improvements to Nonemployee Share-Based Payment Accounting. This ASU expands the scope of Topic 718, Compensation – Stock Compensation to include share-based payments issued to nonemployees for goods and services. Topic 718 currently only includes share-based payments to employees where the ASU will substantially align the accounting for share-based payments to nonemployees and employees. The ASU supersedes Subtopic 505‑50, Equity – Equity-Based Payments to Non-Employees. The guidance is effective for public companies for fiscal year, and interim fiscal periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, but no earlier than a company’s adoption date of Topic 606, Revenue from Contracts with Customers. The Company has adopted ASU 2018‑07 and it did not have a material impact on the Company’s accounting and disclosures. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities. The new guidance will make more financial and nonfinancial hedging strategies eligible for hedge accounting. It also amends the presentation and disclosure requirements and changes how companies assess effectiveness. It is intended to more closely align hedge accounting with companies’ risk management strategies, simplify the application of hedge accounting, and increase transparency as to the scope and results of hedging programs. The guidance is effective for fiscal years beginning after December 15, 2018, with early adoption, permitted. The Company adopted ASU 2017-12 on January 1, 2019 and it did not have a material impact on the Company’s accounting and disclosures. In June 2016, the FASB issued ASU 2016‑13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Statements. Topic 326 amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. The ASU is intended to provide financial statement users with useful information about the expected credit losses on financial instruments and other commitments to extend credit. · The ASU requires financial assets measured at amortized cost (primarily loans) be presented at the amount net of a valuation allowance for credit losses, and that the income statement include the measurement of credit losses for newly recognized financial assets as well as changes in expected losses on previously recognized financial assets. The provisions of this ASU do not specify the method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. The new model will be based on relevant information including past events, historical experience, current conditions, and reasonable and supportive forecasts that affect the collectability of the asset. The provisions of this ASU differ from current U.S. generally accepted accounting principles (“GAAP”) in that current U.S. GAAP generally delays recognition of the full amount of credit losses until the loss is probable of occurring. · This ASU requires that credit losses on available-for-sale debt securities be presented as an allowance rather than as a write-down. This ASU will be effective for the Company for interim and annual periods beginning in the first quarter of 2020. Earlier adoption is permitted beginning in the first quarter of 2019. The Company is in process of implementing a third-party software solution to assist in the application of the new standard. The Company continues to evaluate all resources and data (both current and historical) needed. The overall impact of the new standard on the financial condition or results of operations cannot yet be determined. On July 17, 2019, FASB voted to delay the effective date of this ASU for smaller reporting companies, such as the Company, until fiscal years beginning after December 15, 2022. In February 2016, the FASB issued ASU 2016‑02, Leases. The objective of the amendment is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. These changes will increase transparency among companies by recognizing lease assets and liabilities on the balance sheet and disclosing additional information about lease arrangements. The amendments in this update were effective for annual and interim periods beginning in the first quarter of 2019. The Company has operating leases in place for some locations as well as equipment. In July 2018, the FASB issued ASU 2018-10, which provides narrow-scope improvements to the lease standard and ASU 2018-11, which allows entities to choose an additional transition method, under which an entity initially applies the new lease standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Under this transitional method, the entity shall recognize and measure the leases that exist at the adoption date and the prior comparative periods are not adjusted. The Company adopted this ASU as of January 1, 2019 using the transitional method. The new standard provides a number of optional practical expedients in transition. The Company has elected the practical expedients that allowed the Company to retain the classifications of existing leases, not re-assess if existing leases have initial direct costs and hindsight when determining the lease term and assessment of impairment. The Company adopted ASU 2016-02 on January 1, 2019 and recorded a right-of-use asset and lease liability of $3.6 million, based on the present value of the expected remaining lease payments.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2019
Investment Securities [Abstract]
Investment Securities	Note 5: Investment Securities The amortized costs and approximate fair values, together with gross unrealized gains and losses on securities, are in the tables below. All mortgage-backed securities and collateralized mortgage obligations held as of June 30, 2019 and December 31, 2018 were guaranteed by government sponsored entities, government corporations or federal agencies. June 30, 2019 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 109,195 $ 1,487 $ (537) $ 110,145 Collateralized mortgage obligations 103,847 712 (265) 104,294 Municipal obligations 151,577 7,642 (61) 159,158 Corporate obligations 2,993 - (642) 2,351 Total investment securities $ 367,612 $ 9,841 $ (1,505) $ 375,948 December 31, 2018 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 106,094 $ 296 $ (2,047) $ 104,343 Collateralized mortgage obligations 110,994 157 (1,870) 109,281 Municipal obligations 153,976 2,008 (1,088) 154,896 Corporate obligations 2,998 - (643) 2,355 Total investment securities $ 374,062 $ 2,461 $ (5,648) $ 370,875 The amortized cost and fair value of securities available for sale at June 30, 2019, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Description of Securities Amortized Cost Fair Value Security obligations due Within one year $ - $ - One to five years 340 346 Five to ten years 18,302 19,021 After ten years 135,928 142,142 154,570 161,509 Mortgage-backed securities 109,195 110,145 Collateralized mortgage obligations 103,847 104,294 Totals $ 367,612 $ 375,948 Proceeds from sales of securities available for sale for the three and six months ended June 30, 2019 were $13.9 million and $24.7 million, respectively. For the three and six months ended June 30, 2018, proceeds from sales of securities available for sale were $6.5 million and $43.3 million, respectively. Gross gains were recognized on the sales for the three and six months ended June 30, 2019 of $422,000 and $866,000, respectively. Gross gains of $109,000 and $263,000 were recognized for the three and six months ended June 30, 2018, respectively. There were no gross losses recognized on the sales for the three and six months ended June 30, 2019. Gross losses of $3,000 were recognized on the sales of securities for the three and six months ended June 30, 2018. Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at June 30, 2019 and December 31, 2018 was $77.8 million and $206.9 million, respectively, which were approximately 20.7% and 55.8%, respectively, of the Company’s investment portfolio at those dates. Based on our evaluation of available evidence, including recent changes in market interest rates, management believes the fair value for the securities at less than historical cost for the periods presented are temporary. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. During the first six months of 2019 and 2018, the Bank determined that its security holdings had no other-than-temporary impairment. The following tables show the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2019 and December 31, 2018: June 30, 2019 Less than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Available for Sale Securities Mortgage-backed securities $ - $ - $ 43,120 $ (537) $ 43,120 $ (537) Collateralized mortgage obligations 7,614 (14) 22,988 (251) 30,602 (265) Municipal obligations - - 1,694 (61) 1,694 (61) Corporate obligations - - 2,351 (642) 2,351 (642) Total temporarily impaired securities $ 7,614 $ (14) $ 70,153 $ (1,491) $ 77,767 $ (1,505) December 31, 2018 Less than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Available for Sale Securities Mortgage-backed securities $ 33,176 $ (348) $ 42,230 $ (1,699) $ 75,406 $ (2,047) Collateralized mortgage obligations 15,139 (111) 64,495 (1,759) 79,634 (1,870) Municipal obligations 35,501 (542) 14,018 (546) 49,519 (1,088) Corporate obligations - - 2,355 (643) 2,355 (643) Total temporarily impaired securities $ 83,816 $ (1,001) $ 123,098 $ (4,647) $ 206,914 $ (5,648) Mortgage-Backed Securities (MBS) and Collateralized Mortgage Obligations (CMO) The unrealized losses on the Company’s investments in MBSs and CMOs were caused by interest rate changes and illiquidity. The Company expects to recover the amortized cost basis over the term of the securities. Because (1) the decline in market value is attributable to changes in interest rates and illiquidity and not credit quality, (2) the Company does not intend to sell the investments and (3) it is more likely than not the Company will not be required to sell the investments before recovery of their amortized cost bases, which may be at maturity, the Company does not consider any of these investments to be other-than-temporarily impaired at June 30, 2019. Municipal Obligations The unrealized losses on the Company’s investments in securities of state and political subdivisions were caused by changes in interest rates and illiquidity. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the par value of the investments. The Company does not intend to sell these investments and it is more likely than not that the Company will not be required to sell these investments. The Company does not consider any of these investment securities to be other-than-temporarily impaired at June 30, 2019. Corporate Obligations The Company’s unrealized losses on investments in corporate obligations primarily relates to a pooled trust preferred security. The unrealized losses were primarily due to illiquidity. Other-Than-Temporary Impairment (OTTI) Upon acquisition of a security, the Company decides whether it is within the scope of the accounting guidance for beneficial interests in securitized financial assets or whether it will be evaluated for impairment under the accounting guidance for investments in debt and equity securities. The accounting guidance for beneficial interests in securitized financial assets provides incremental impairment guidance for a subset of the debt securities within the scope of the guidance for investments in debt and equity securities. For securities that are a beneficial interest in securitized financial assets, the Company uses the beneficial interests in securitized financial asset impairment model. For securities that are not a beneficial interest in securitized financial assets, the Company uses debt and equity securities impairment accounting model. The Company conducts periodic reviews to identify and evaluate each investment security to determine whether an other-than-temporary impairment has occurred. Economic models are used to determine whether an other-than-temporary impairment has occurred on these securities. While all securities are considered, the securities primarily impacted by other-than-temporary impairment testing are trust preferred securities. The Bank’s trust preferred security valuation was prepared by an independent third party. Their approach to determining fair value involved several steps including: · Detailed credit and structural evaluation of each piece of collateral in the trust preferred securities; · Collateral performance projections for each piece of collateral in the trust preferred security; · Terms of the trust preferred structure, as laid out in the indenture; and · Discounted cash flow modeling. MutualFirst Financial uses market-based yield indicators as a baseline for determining appropriate discount rates, and then adjusts the resulting discount rates on the basis of its credit and structural analysis of specific trust preferred securities. The primary focus is on the returns a fixed income investor would require in order to allocate capital on a risk adjusted basis. There is currently little demand for pooled trust preferred securities; however, the Company looks principally to market yields for stand-alone trust preferred securities issued by banks, thrifts and insurance companies for which there is an active and liquid market. The next step is to make a series of adjustments to reflect the differences that exist between these products (both credit and structural) and, most importantly, to reflect idiosyncratic credit performance differences (both actual and projected) between these products and the underlying collateral in the specific trust preferred security. Importantly, as part of the analysis described above, MutualFirst Financial considers the fact that structured instruments frequently exhibit leverage not present in stand-alone instruments, and makes adjustments as necessary to reflect this additional risk. Pooled Trust Preferred Securities . The Bank has invested in a pooled trust preferred security. At June 30, 2019, the current book value of our pooled trust preferred security was $3.0 million. The original par value of this security was $3.0 million. The pooled trust preferred security owned was performing as agreed in the first six months of 2019. As of June 2019, current Moody’s rating for this bond was B3. The pooled trust preferred security owned by the Bank is exempt from the Volcker Rule. The following table provides additional information related to the Bank’s investment in a pooled trust preferred security as of June 30, 2019: Total Excess Number subordination Number of of Banks Actual Total (after taking Banks / and Deferrals/ Projected into account Insurance Insurance Defaults Defaults best estimate Realized Cos. Cos. In (as a % of (as a % of of future Original Book Fair Unrealized Losses Lowest Currently Issuance original performing deferrals/ Deal Name Class Par Value Value Loss 2019 Ratings Performing (Unique) collateral) collateral) (1) defaults) (2) (Dollars in Thousands) U.S. Capital Funding I B1 $ 3,000 $ 2,993 $ 2,351 $ (642) $ - Caa1 24 26 7.95 % 5.78 % 6.69 % (1) A 10% recovery is applied to all projected defaults by depository institutions. A 15% recovery is applied to all projected defaults by insurance companies. No recovery is applied to current defaults. (2) Excess subordination represents the additional defaults in excess of both current and projected defaults that the collateralized debt obligation can absorb before the bond experiences any credit impairment. Excess subordinated percentage is calculated by (a) determining what percentage of defaults a pool can experience before the bond has credit impairment, and (b) subtracting from this default breakage percentage both total current and expected future default percentages.

Loans and Allowance

Loans and Allowance	6 Months Ended
	Jun. 30, 2019
Loans and Allowance [Abstract]
Loans and Allowance	Note 6: Loans and Allowance Classes of loans at June 30, 2019 and December 31, 2018 include: June 30, December 31, 2019 2018 Real estate Commercial $ 498,992 $ 485,808 Commercial construction and development 59,072 53,310 Consumer closed end first mortgage 421,559 464,539 Consumer open end and junior liens 75,218 77,072 Total real estate loans 1,054,841 1,080,729 Other loans Consumer loans Auto 56,855 43,667 Boat/RVs 220,470 216,608 Other consumer loans 7,091 6,893 Commercial and industrial 156,950 149,359 Total other loans 441,366 416,527 Total loans 1,496,207 1,497,256 Undisbursed loans in process (6,169) (10,096) Unamortized deferred loan costs, net 9,100 8,783 Allowance for loan losses (13,435) (13,281) Net loans $ 1,485,703 $ 1,482,662 The risk characteristics of each loan portfolio segment are as follows: Commercial Real estate These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type and geographic location. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. As a general rule, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Construction and Development Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analyses of absorption and lease rates and financial analyses of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Commercial and Industrial Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Consumer Real Estate and Other Consumer Loans With respect to residential loans that are secured by consumer closed end first mortgages and are primarily owner occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Consumer open end and junior lien loans are typically secured by a subordinate interest in 1‑4 family residences, and other consumer loans are secured by consumer assets such as automobiles or recreational vehicles. Some consumer loans are unsecured such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Nonaccrual Loans and Past Due Loans Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when the loan is greater than 90 days past due, the borrower, in management’s opinion, may be unable to meet payment obligations as they become due or when required by regulatory provisions. All interest accrued but not collected for loans that are placed on nonaccrual status or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured or when the loan becomes well secured and is in the process of collection, generally only after six months of satisfactory performance. Nonaccrual loans, segregated by class of loans, as of June 30, 2019 and December 31, 2018 are as follows: June 30, December 31, 2019 2018 Real estate Commercial $ 848 $ 4,782 Commercial construction and development - 62 Consumer closed end first mortgage 3,984 2,777 Consumer open end and junior liens 170 273 Consumer loans Auto 50 88 Boat/RVs 616 470 Other consumer loans 27 46 Commercial and industrial 250 91 Total nonaccrual loans $ 5,945 $ 8,589 An age analysis of the Company’s past due loans, segregated by class of loans, as of June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 Total Loans 90 Days 30‑59 60‑89 90 Days Total Total Past Due Days Past Days Past or More Past Loans and Due Due Past Due Due Current Receivable Accruing Real estate Commercial $ 2,906 $ 21 $ 481 $ 3,408 $ 495,584 $ 498,992 $ - Commercial construction and development 136 - - 136 58,936 59,072 - Consumer closed end first mortgage 2,076 1,069 3,304 6,449 415,110 421,559 - Consumer open end and junior liens 358 157 110 625 74,593 75,218 - Consumer loans Auto 289 120 41 450 56,405 56,855 - Boat/RVs 1,429 483 521 2,433 218,037 220,470 - Other consumer loans 60 11 20 91 7,000 7,091 - Commercial and industrial 1,000 199 250 1,449 155,501 156,950 - Total $ 8,254 $ 2,060 $ 4,727 $ 15,041 $ 1,481,166 $ 1,496,207 $ - December 31, 2018 Total Loans 90 Days 30‑59 60‑89 90 Days Total Total Past Due Days Past Days Past or More Past Loans and Due Due Past Due Due Current Receivable Accruing Real estate Commercial $ 1,145 $ 536 $ 4,377 $ 6,058 $ 479,750 $ 485,808 $ - Commercial construction and development 4,633 - 61 4,694 48,616 53,310 - Consumer closed end first mortgage 7,847 1,662 2,696 12,205 452,334 464,539 517 Consumer open end and junior liens 353 114 220 687 76,385 77,072 - Consumer loans Auto 257 16 72 345 43,322 43,667 - Boat/RVs 2,174 594 350 3,118 213,490 216,608 - Other consumer loans 65 8 41 114 6,779 6,893 - Commercial and industrial 617 93 91 801 148,558 149,359 - Total $ 17,091 $ 3,023 $ 7,908 $ 28,022 $ 1,469,234 $ 1,497,256 $ 517 Impaired Loans Loans are considered impaired in accordance with the impairment accounting guidance (ASC 310‑10‑35‑16), when, based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Interest on impaired loans is recorded based on the performance of the loan. All interest received on impaired loans that are on nonaccrual status is accounted for on the cash-basis method until qualifying for return to accrual status. Interest is accrued per the contract for impaired loans that are performing. The following tables present impaired loans as of and for the three and six month periods ended June 30, 2019 and 2018 and as of and for the year ended December 31, 2018. June 30, 2019 Average Average Interest Unpaid Investment in Investment Income Interest Recorded Principal Specific Impaired in Impaired Recognized – Income Balance Balance Allowance Loans - QTD Loans - YTD QTD Recognized - YTD Loans without a specific valuation allowance Real estate Commercial $ 5,610 $ 5,610 $ - $ 5,871 $ 6,080 $ 73 $ 242 Commercial construction and development 376 376 - 458 489 4 9 Consumer closed end first mortgage 844 844 - 844 942 - - Commercial and industrial 50 50 - 104 113 1 2 Loans with a specific valuation allowance Real estate Consumer closed end first mortgage 335 335 40 335 223 - - Total Real estate Commercial $ 5,610 $ 5,610 $ - $ 5,871 $ 6,080 $ 73 $ 242 Commercial construction and development $ 376 $ 376 $ - $ 458 $ 489 $ 4 $ 9 Consumer closed end first mortgage $ 1,179 $ 1,179 $ 40 $ 1,179 $ 1,165 $ - $ - Commercial and industrial $ 50 $ 50 $ - $ 104 $ 113 $ 1 $ 2 Total $ 7,215 $ 7,215 $ 40 $ 7,612 $ 7,847 $ 78 $ 253 June 30, 2018 Average Average Interest Unpaid Investment in Investment Income Interest Recorded Principal Specific Impaired in Impaired Recognized – Income Balance Balance Allowance Loans - QTD Loans - YTD QTD Recognized - YTD Loans without a specific valuation allowance Real estate Commercial $ 705 $ 705 $ - $ 753 $ 794 $ - $ - Commercial construction and development 639 639 - 653 669 7 14 Consumer closed end first mortgage 1,071 1,071 - 1,241 1,341 - 1 Commercial and industrial 144 144 - 148 190 2 2 Loans with a specific valuation allowance Real estate Commercial 214 214 100 214 214 - - Total Real estate Commercial $ 919 $ 919 $ 100 $ 967 $ 1,008 $ - $ - Commercial construction and development $ 639 $ 639 $ - $ 653 $ 669 $ 7 $ 14 Consumer closed end first mortgage $ 1,071 $ 1,071 $ - $ 1,241 $ 1,341 $ - $ 1 Commercial and industrial $ 144 $ 144 $ - $ 148 $ 190 $ 2 $ 2 Total $ 2,773 $ 2,773 $ 100 $ 3,009 $ 3,208 $ 9 $ 17 December 31, 2018 Average Unpaid Investment Interest Recorded Principal Specific in Impaired Income Balance Balance Allowance Loans Recognized Loans without a specific valuation allowance Real estate Commercial $ 6,324 $ 6,377 $ - $ 1,882 $ - Commercial construction and development 549 549 - 633 27 Consumer closed end first mortgage 1,137 1,137 - 1,260 - Commercial and industrial 131 131 - 167 5 Loans with a specific valuation allowance Real estate Commercial 174 214 100 206 - Total Real estate Commercial $ 6,498 $ 6,591 $ 100 $ 2,088 $ - Commercial construction and development $ 549 $ 549 $ - $ 633 $ 27 Consumer closed end first mortgage $ 1,137 $ 1,137 $ - $ 1,260 $ - Commercial and industrial $ 131 $ 131 $ - $ 167 $ 5 Total $ 8,315 $ 8,408 $ 100 $ 4,148 $ 32 The following information presents the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of June 30, 2019. Commercial Loan Grades Definition of Loan Grades . Loan grades are numbered 1 through 8. Grades 1‑4 are "pass" credits, grade 5 [Special Mention] loans are "criticized" assets, and grades 6 [Substandard], 7 [Doubtful] and 8 [Loss] are "classified" assets. The use and application of these grades by the Bank conform to the Bank’s policy and regulatory definitions. Pass . Pass credits are loans in grades prime through fair. These are at least considered to be credits with acceptable risks and would be granted in the normal course of lending operations. Special Mention. Special mention credits have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credits or in the Bank’s credit position at some future date. If weaknesses cannot be identified, classifying as special mention is not appropriate. Special mention credits are not adversely classified and do not expose the Bank to sufficient risk to warrant an adverse classification. No apparent loss of principal or interest is expected. Substandard. Substandard credits are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged. Financial statements normally reveal some or all of the following: poor trends, lack of earnings and cash flow, excessive debt, lack of liquidity, and the absence of creditor protection. Credits so classified must have a well-defined weakness, or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful. A doubtful extension of credit has all the weaknesses inherent in a substandard asset with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. Doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded Substandard. Retail Loan Grades Pass. Pass credits are loans that are currently performing as agreed and are not troubled debt restructurings. Special Mention . Special mention credits have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credits or in the Bank’s credit position at some future date. If weaknesses cannot be identified, classifying as special mention is not appropriate. Special mention credits are not adversely classified and do not expose the Bank to sufficient risk to warrant an adverse classification. No apparent loss of principal or interest is expected. Substandard. Substandard credits are loans that have reason to be considered to have a weakness and placed on non-accrual. This would include all retail loans over 90 days and troubled debt restructurings. June 30, 2019 Commercial Consumer Special Pass Mention Substandard Doubtful Pass Substandard Total Real estate Commercial $ 476,281 $ 13,624 $ 9,087 $ - $ 498,992 Commercial construction and development 51,567 7,130 375 - 59,072 Consumer closed end first mortgage $ 416,735 $ 4,824 421,559 Consumer open end and junior liens 75,006 212 75,218 Other loans Consumer loans Auto 56,788 67 56,855 Boat/RVs 219,805 665 220,470 Other consumer loans 7,064 27 7,091 Commercial and industrial 151,182 1,054 4,714 - 156,950 $ 679,030 $ 21,808 $ 14,176 $ - $ 775,398 $ 5,795 $ 1,496,207 December 31, 2018 Commercial Consumer Special Pass Mention Substandard Doubtful Pass Substandard Total Real estate Commercial $ 465,888 $ 9,501 $ 10,419 $ - $ 485,808 Commercial construction and development 46,649 6,112 549 - 53,310 Consumer closed end first mortgage $ 459,771 $ 4,768 464,539 Consumer open end and junior liens 76,752 320 77,072 Other loans Consumer loans Auto 43,559 108 43,667 Boat/RVs 215,830 778 216,608 Other consumer loans 6,835 58 6,893 Commercial and industrial 141,705 4,009 3,645 - 149,359 $ 654,242 $ 19,622 $ 14,613 $ - $ 802,747 $ 6,032 $ 1,497,256 Allowance for Loan Losses. We maintain an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the estimated losses inherent in the loan portfolio. Our methodology for assessing the appropriateness of the allowance consists of several key elements, including the general allowance and specific allowances for identified problem loans and portfolio segments. In addition, the allowance incorporates the results of measuring impaired loans as provided in FASB ASC 310, Receivables. These accounting standards prescribe the measurement methods, income recognition and disclosures related to impaired loans. The general allowance is calculated by applying loss factors to outstanding loans based on the internal risk evaluation of such loans or pools of loans. Changes in risk evaluations of both performing and nonperforming loans affect the amount of the general allowance. Loss factors are based on our historical loss experience as well as on significant factors that, in management’s judgment, affect the collectability of the portfolio as of the evaluation date. The appropriateness of the allowance is reviewed by management based upon its evaluation of then-existing economic and business conditions affecting our key lending areas and other conditions, such as credit quality trends (including trends in non-performing loans expected to result from existing conditions), collateral values, loan volumes and concentrations, specific industry conditions within portfolio segments and recent loss experience in particular segments of the portfolio that existed as of the balance sheet date and the impact that such conditions were believed to have had on the collectability of the loan. Senior management reviews these conditions quarterly in discussions with our senior credit officers. To the extent that any of these conditions is evidenced by a specifically identifiable problem credit or portfolio segment as of the evaluation date, management’s estimate of the effect of such condition may be reflected as a specific allowance applicable to such credit or portfolio segment. Where any of these conditions is not evidenced by a specifically identifiable problem credit or portfolio segment as of the evaluation date, management’s evaluation of the loss related to this condition is reflected in the general allowance for loan losses. The evaluation of the inherent loss with respect to these conditions is subject to a higher degree of uncertainty because they are not identified with specific problem credits or portfolio segments. The allowance for loan losses is based on estimates of losses inherent in the loan portfolio. Actual losses can vary significantly from the estimated amounts. Our methodology as described permits adjustments to any loss factor used in the computation of the general allowance in the event that, in management’s judgment, significant factors which affect the collectability of the portfolio as of the evaluation date are not reflected in the loss factors. By assessing the probable incurred losses inherent in the loan portfolio on a quarterly basis, we are able to adjust specific and inherent loss estimates based upon any more recent information that has become available. The following tables detail activity in the allowance for loan losses by portfolio segment for the three and six month periods ended June 30, 2019 and 2018, respectively. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other segments. Three Months Ended June 30, 2019 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 8,401 $ 1,545 $ 3,418 $ 13,364 Provision charged (credited) to expense 172 (151) 454 475 Losses charged off (43) (32) (399) (474) Recoveries 10 1 59 70 Balance, end of period $ 8,540 $ 1,363 $ 3,532 $ 13,435 Three Months Ended June 30, 2018 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 7,974 $ 1,700 $ 2,863 $ 12,537 Provision charged (credited) to expense 59 (38) 479 500 Losses charged off (2) (57) (309) (368) Recoveries 12 1 47 60 Balance, end of period $ 8,043 $ 1,606 $ 3,080 $ 12,729 Six Months Ended June 30, 2019 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 8,426 $ 1,548 $ 3,307 $ 13,281 Provision charged (credited) to expense 198 (114) 866 950 Losses charged off (98) (73) (746) (917) Recoveries 14 2 105 121 Balance, end of period $ 8,540 $ 1,363 $ 3,532 $ 13,435 Six Months Ended June 30, 2018 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 7,704 $ 1,761 $ 2,922 $ 12,387 Provision charged (credited) to expense 467 (87) 570 950 Losses charged off (140) (77) (523) (740) Recoveries 12 9 111 132 Balance, end of period $ 8,043 $ 1,606 $ 3,080 $ 12,729 The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of June 30, 2019 and 2018, and December 31, 2018. June 30, 2019 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ - $ 40 $ - $ 40 Collectively evaluated for impairment 8,540 1,323 3,532 13,395 Total allowance for loan losses $ 8,540 $ 1,363 $ 3,532 $ 13,435 Loan balances Individually evaluated for impairment $ 6,036 $ 1,179 $ - $ 7,215 Collectively evaluated for impairment 708,978 420,380 359,634 1,488,992 Gross loans $ 715,014 $ 421,559 $ 359,634 $ 1,496,207 June 30, 2018 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 7,943 1,606 3,080 12,629 Loans acquired with deteriorated credit quality - - - - Total allowance for loan losses $ 8,043 $ 1,606 $ 3,080 $ 12,729 Loan balances Individually evaluated for impairment $ 1,702 $ 1,071 $ - $ 2,773 Collectively evaluated for impairment 683,847 473,906 307,220 1,464,973 Loans acquired with deteriorated credit quality - - - - Gross loans $ 685,549 $ 474,977 $ 307,220 $ 1,467,746 December 31, 2018 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 8,326 1,548 3,307 13,181 Loans acquired with deteriorated credit quality - - - - Total allowance for loan losses $ 8,426 $ 1,548 $ 3,307 $ 13,281 Loan balances Individually evaluated for impairment $ 7,178 $ 1,137 $ - $ 8,315 Collectively evaluated for impairment 681,299 463,402 344,240 1,488,941 Loans acquired with deteriorated credit quality - - - - Gross loans $ 688,477 $ 464,539 $ 344,240 $ 1,497,256 Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. For all loan portfolio segments except consumer real estate and other consumer loans, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges-off consumer real estate and other consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of 1‑4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 180 days past due, charge-off of unsecured open-end loans when the loan is 180 days past due, and charge-down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged-off. Troubled Debt Restructurings Certain categories of impaired loans include loans that have been modified in a troubled debt restructuring, that involves granting economic concessions to borrowers who have experienced financial difficulties. These concessions typically result from our loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Modifications of terms for our loans and their inclusion as troubled debt restructurings are based on individual facts and circumstances. When we modify loans in a troubled debt restructuring, we evaluate any possible impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or we use the current fair value of the collateral, less selling costs for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through a specific reserve or a charge-off to the allowance. Loans retain their accrual status at the time of their modification. As a result, if a loan is on nonaccrual at the time it is modified, it stays as nonaccrual until a period of satisfactory performance, generally six months, is obtained or it becomes current. If a loan is on accrual at the time of the modification, the loan is evaluated to determine if the collection of principal and interest is reasonably assured and generally stays on accrual. At June 30, 2019, the Company had loans that were modified in troubled debt restructurings. The modification of terms of such loans included one or a combination of the following: an extension of maturity or a reduction of the stated interest rate. The following tables describe troubled debts restructured during the three and six month periods ended June 30, 2019 and 2018: Three Months Ended June 30, 2019 June 30, 2018 No. of Pre-Modification Post-Modification No. of Pre-Modification Post-Modification Loans Recorded Balance Recorded Balance Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 3 $ 41 $ 43 1 $ 49 $ 47 Other loans Consumer Loans Auto - - - 1 10 10 Boat/RVs 1 37 37 1 19 19 Six Months Ended June 30, 2019 June 30, 2018 No. of Pre-Modification Post-Modification No. of Pre-Modification Post-Modification Loans Recorded Balance Recorded Balance Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 4 51 53 4 187 187 Consumer open end and junior liens 1 7 7 4 82 94 Other loans Consumer loans Auto 1 17 17 1 10 10 Boat/RVs 2 45 45 1 19 19 Commercial and industrial - - - 1 61 61 The impact of these modifications on the allowance for loan losses was insignificant. Newly restructured loans by type for the three and six months ended June 30, 2019 and 2018 are as follows: Three Months Ended June 30, 2019 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 43 $ 43 Other loans Consumer loans Boat/RVs - - 37 37 Three Months Ended June 30, 2018 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 47 $ 47 Other loans Consumer loans Auto - 10 - 10 Boat/RVs - 19 - 19 Six Months Ended June 30, 2019 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 53 $ 53 Consumer open end and junior liens - 7 - 7 Other loans Consumer loans Auto - - 17 17 Boat/RVs - 8 37 45 Six Months Ended June 30, 2018 Total Rate Term Combination Modification Real Estate Consumer closed end first mortgage $ - $ - $ 187 $ 187 Consumer open end and junior liens - 35 59 94 Other loans Consumer loans Auto - 10 - 10 Boat/RVs - 19 - 19 Commercial and industrial - 61 - 61 The following table describes troubled debt restructurings that have subsequently defaulted during the six months ended June 30, 2019 and 2018. There were no defaults on loans modified as troubled debt restructurings made in the three months ended June 30, 2019 and 2018. A default is defined as any loans that become 90 days past due. Six Months Ended June 30, 2019 June 30, 2018 Post-Modification Outstanding Post-Modification Outstanding No. of Loans Recorded Balance No. of Loans Recorded Balance Other Loans Consumer Loans Boat/RV $ - $ - At June 30, 2019, the Company had residential real estate owned as a result of foreclosure totaling $548,000 compared to $541,000 at December 31, 2018. Real estate in the process of foreclosure was $2.5 million at June 30, 2019, compared to $833,000 at December 31, 2018.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2019
Goodwill [Abstract]
Goodwill	Note 7: Goodwill Goodwill is recorded on the acquisition date of an entity. During the measurement period, the Corporation may record subsequent adjustments to goodwill for provisional amounts recorded at the acquisition date. The Universal acquisition on February 28, 2018 resulted in $20.5 million of goodwill, which includes a reduction of $1.6 million. This reduction was recorded in the second and fourth quarters of 2018 as a measurement period adjustment. Details regarding the Universal acquisition are discussed in Note 2 Acquisitions of this Form 10‑Q. There have been no changes in goodwill since December 31, 2018. June 30, December 31, 2019 2018 Balance as of beginning of period $ 22,310 $ 1,800 Goodwill acquired during the year - 22,069 Measurement period adjustments - (1,559) Balance as of end of period $ 22,310 $ 22,310

Accounting for Certain Loans Ac

Accounting for Certain Loans Acquired in a Transfer	6 Months Ended
	Jun. 30, 2019
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Accounting for Certain Loans Acquired in a Transfer	Note 8: Accounting for Certain Loans Acquired in a Transfer The following table presents the carrying amounts of the loans acquired in the acquisition of Universal included in the balance sheet amounts of loans receivable as of June 30, 2019. June 30, 2019 December 31, 2018 Outstanding balance Real estate Commercial $ 107,330 $ 120,249 Commercial construction and development 10,447 8,664 Consumer closed end first mortgage 27,344 30,694 Consumer open end and junior liens 7,236 8,032 Total real estate loans 152,357 167,639 Other loans Consumer loans Auto 805 1,138 Boat/RVs 45 97 Other 388 523 Commercial and industrial 9,657 10,571 Total other loans 10,895 12,329 Total loans $ 163,252 $ 179,968 Carrying amount $ 161,002 $ 177,169 Allowance - - Carrying amount net of allowance $ 161,002 $ 177,169

Lease Commitments

Lease Commitments	6 Months Ended
	Jun. 30, 2019
Lease Commitments [Abstract]
Lease Commitments	Note 9: Lease Commitments The Company and its subsidiaries are obligated under leases for certain office premises, land, and equipment. In determining whether a contract contains a lease, the Company examines the contract to ensure an asset was specifically identified and that the Company has control of use over the asset. To determine whether a lease is classified as operating or financing, the Company performs an economic life test. The Company has recognized sixteen operating leases. At lease inception, the Company determines the lease term by adding together the minimum lease term and all optional renewal periods that it is reasonably certain to renew. Our leases primarily have initial lease terms of generally 1 to 7 years with various lease renewal options at the Company’s sole discretion. We include certain renewal options in the measurement of our right-of-use assets and lease liabilities if they are reasonably certain to be exercised. We have made a policy election to exclude the recognition requirements of Topic 842 to all classes of leases with original terms of 12 months or less. Instead, lease obligations with an initial term of 12 months or less are expensed. The Company also elected not to separate lease components from non-lease components. The discount rate used in determining the lease liability and related right of use asset is based upon what would be obtained by the Company for similar loans as an incremental rate as of the date of origination or renewal. The following table shows lease right of use assets and lease liabilities as of June 30, 2019. Statement of Financial Condition classification June 30, 2019 Operating lease right of use asset Other Assets $ 2,990 Operating lease liabilities Other Liabilities $ 3,005 The following table shows the components of operating leases expense for the three and six months ended June 30, 2019. Three Months Ended Six Months Ended Statement of Income classification June 30, 2019 June 30, 2019 Operating lease cost Net occupancy expenses and equipment expenses $ $ Short-term lease cost Net occupancy expenses and equipment expenses Variable lease cost Net occupancy expenses Total operating lease cost $ $ Operating lease costs are included in net occupancy expenses and equipment expenses. Gross rental expense for the operating leases in net occupancy expenses for the three and six months ended June 30, 2019 were $192,000 and $362,000, respectively. Gross rental expense for the operating leases in equipment expenses for the three and six months ended June 30, 2019 were $41,000 and $85,000, respectively. The following table shows future minimum rental commitments for all noncancelable operating leases for the next five years and thereafter. Remaining 2019 $ 407 2020 753 2021 619 2022 530 2023 333 Thereafter 1,215 Total lease payments $ 3,857 Less: present value discount 852 Present value of lease liabilities $ 3,005 The following table shows the weighted average remaining lease term, the weighted average discount rate and supplemental Consolidated Statement of Cash Flows information for operating leases at June 30, 2019. June 30, 2019 Weighted average remaining lease term 11.10 years Weighted average discount rate 3.71 % Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from leases $ 390 There are no new significant leases that have not yet commenced as of June 30, 2019.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2019
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note 10: Derivative Financial Instruments The Company has certain interest rate derivative positions that are not designated as hedging instruments. Derivative assets and liabilities are recorded at fair value on the Consolidated Balance Sheet and do not take into account the effects of master netting agreements. Master netting agreements allow the Company to settle all derivative contracts held with a single counterparty on a net basis, and to offset net derivative positions with related collateral, where applicable. These derivative positions relate to transactions in which the Company enters into an interest rate swap with a client while at the same time entering into an offsetting interest rate swap with another financial institution. In connection with each transaction, the Company agrees to pay interest to the client on a notional amount at a variable interest rate and receive interest from the client on the same notional amount at a fixed interest rate. At the same time, the Company agrees to pay another financial institution the same fixed interest rate on the same notional amount and receive the same variable interest rate on the same notional amount. The transaction allows the client to effectively convert a variable rate loan to a fixed rate. Because the terms of the swaps with the customers and the other financial institution offset each other, with the only difference being counterparty credit risk, changes in the fair value of the underlying derivative contracts are not materially different and do not significantly impact the Company’s Consolidated Statements of Income. The notional amount of customer-facing swaps as of June 30, 2019 and December 31, 2018 was approximately $35.5 million and $21.1 million, respectively. During the six months ended June 30, 2019 and 2018, the Company did not recognize any net gains or losses related to the changes in fair value of these swaps. Additionally, for the three and six months ended June 30, 2019, the Company recognized income for the related swap fees of $32,000 and $83,000, respectively. No swap fee income was recognized for the three and six months ended June 30, 2018. The following table shows the fair values of derivative financial instruments at June 30, 2019 and December 31, 2018. Derivatives Fair Value Fair Value Balance Sheet June 30, December 31, Balance Sheet June 30, December 31, Location 2019 2018 Location 2019 2018 Derivatives not designated as hedging instruments: Interest rate contracts Other assets $ 1,501 $ 599 Other liabilities $ 1,501 $ 599

Other Borrowings

Other Borrowings	6 Months Ended
	Jun. 30, 2019
Other Borrowings [Abstract]
Other Borrowings	Note 11: Other Borrowings Other borrowings consisted of the following components: June 30, December 31, 2019 2018 Notes payable $ 9,359 $ 9,665 Subordinated debentures, net of discount 8,373 8,323 Total $ 17,732 $ 17,988 The Company acquired $5.0 million of subordinated debentures in the 2008 acquisition of MFB Corp, which had a net balance of $4.3 million at June 30, 2019 due to the purchase accounting adjustment in that acquisition. These securities mature 30 years from the date of issuance, or September 15, 2035. The securities bear a rate of interest of the prevailing three-month LIBOR rate plus 170 basis points, which was 4.11% at June 30, 2019 and 4.49% at December 31, 2018. The Company has the right to redeem the trust preferred securities, in whole or in part, without penalty. The Company acquired $5.0 million of subordinated debentures in the acquisition of Universal, which had a net balance of $4.0 million at June 30, 2019 due to the purchase accounting adjustment in the acquisition. These securities mature 30 years from the date of issuance, or October 7, 2035. The securities bear a rate of interest of the prevailing three-month LIBOR rate plus 169 basis points, which was 4.29% at June 30, 2019 and 4.13% at December 31, 2018. The Company has the right to redeem the trust preferred securities, in whole or in part, without penalty. The Company borrowed $10.0 million in two $5.0 million term notes from First Tennessee Bank, N.A. to use in the acquisition of Universal. These loans had a combined balance of $9.4 million at June 30, 2019. The fixed rate term note had a balance of $4.5 million and matures 5 years from the date of issuance, or February 28, 2023. This term note bears a fixed rate of interest of 4.99% per annum and requires quarterly principal payments, which began March 31, 2018. The variable rate term note had a balance of $4.9 million and matures 5 years from the date of issuance, or February 28, 2023. This term note bears a rate of interest of the prevailing three-month LIBOR rate plus 195 basis points, which was 4.27% at June 30, 2019 and 4.35% at December 31,2018. The Company has the right to redeem either note at any time, in whole or in part, without penalty.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 12: Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: June 30, December 31, 2019 2018 Net unrealized gain (loss) on securities available for sale $ 8,336 $ (3,187) Net unrealized gain relating to defined benefit plan liability (99) (99) 8,237 (3,286) Tax effect (1,773) 662 Net of tax amount $ 6,464 $ (2,624) The following table presents the reclassification adjustments out of accumulated other comprehensive income that were included in net income in the Consolidated Statements of Income for the three and six months ended June 30, 2019 and 2018. Amount Reclassified from Accumulated Other Comprehensive Income For the Three Months Ended June 30, Details about Accumulated Other Comprehensive Income Components 2019 2018 Affected Line Item in the Statements of Income Realized gains on available for sale securities Realized securities gains reclassified into income $ 422 $ 106 Total non-interest income - net realized gains on sale of available for sale securities Related income tax expense (89) (22) Income tax expense Total reclassifications for the period, net of tax $ 333 $ 84 Amount Reclassified from Accumulated Other Comprehensive Income For the Six Months Ended June 30, Details about Accumulated Other Comprehensive Income Components 2019 2018 Affected Line Item in the Statements of Income Realized gains on available for sale securities Realized securities gains reclassified into income $ 866 $ 260 Total non-interest income - net realized gains on sale of available for sale securities Related income tax expense (182) (55) Income tax expense Total reclassifications for the period, net of tax $ 684 $ 205

Fair Values of Financial Instru

Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 13: Fair Values of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities Items Measured at Fair Value on a Recurring Basis Following is a description of the valuation methodologies and inputs used for instruments measured at fair value on a recurring basis and recognized in the accompanying comparative balance sheet, as well as the general classification of such instruments pursuant to the valuation hierarchy. Available-for-Sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. The Company uses a third-party provider to provide market prices on its securities. Pooled trust preferred securities prices are evaluated by a third party. Level 1 securities include marketable equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include mortgage-backed, collateralized mortgage obligations, small business administration, municipal, federal agency and certain corporate obligation securities. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain corporate obligation securities. Third party vendors compile prices from various sources and may apply such techniques as matrix pricing to determine the value of identical or similar investment securities (Level 2). Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities without relying exclusively on quoted prices for specific investment securities but rather relying on investment securities relationship to other benchmark quoted investment securities. Any investment security not valued based upon the methods above are considered Level 3. Interest Rate Derivative Agreements Interest rate swap positions, both assets and liabilities, are valued by a third-party pricing agent using an income approach and utilizing models that use as their basis readily observable market parameters. This valuation process considers various factors including interest rate yield curves, time value and volatility factors. The following tables present the fair value measurements of assets and liabilities measured on a recurring basis and level within the ASC 820 fair value hierarchy. Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 June 30, 2019 Available for sale securities Mortgage-backed securities $ 110,145 $ - $ 110,145 $ - Collateralized mortgage obligations 104,294 - 104,294 - Municipal obligations 159,158 - 159,158 - Corporate obligations 2,351 - - 2,351 Interest rate swap asset 1,501 - 1,501 - Interest rate swap liability 1,501 - 1,501 - Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2018 Available for sale securities Mortgage-backed securities $ 104,343 $ - $ 104,343 $ - Collateralized mortgage obligations 109,281 - 109,281 - Municipal obligations 154,896 - 154,896 - Corporate obligations 2,355 - - 2,355 Interest rate swap asset 599 - 599 - Interest rate swap liability 599 - 599 - The following is a reconciliation of the beginning and ending balances for the three and six months ended June 30, 2019 and 2018 of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable (Level 3) inputs: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Beginning balance $ 2,353 $ 2,721 $ 2,355 $ 2,721 Total realized and unrealized gains (losses) Included in net income - - - - Included in other comprehensive income (loss) - - - - Purchases, issuances and settlements (2) - (4) - Ending balance $ 2,351 $ 2,721 $ 2,351 $ 2,721 Total gains for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date $ - $ - $ - $ - Items Measured at Fair Value on a Non-Recurring Basis From time to time, certain assets may be recorded at fair value on a non-recurring basis. These non-recurring fair value adjustments typically are a result of the application of lower of cost or fair value accounting or a write-down occurring during the period. The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: June 30, 2019 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,351 Discounted cash flow Discount rate 6.8 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 % Projected cures given deferral 0 - 15.0 % Loss severity 21.4 % December 31, 2018 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,355 Discounted cash flow Discount rate 6.8 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 % Projected cures given deferral 0 - 15.0 % Loss severity 21.4 % The estimated fair values of the Company’s financial instruments not carried at fair value in the consolidated balance sheets as of the dates noted below are as follows: Fair Value Measurements Using Carrying June 30, 2019 Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 32,944 $ 32,944 $ 32,944 $ - $ - Interest-bearing time deposits 4,277 4,277 4,277 - - Loans held for sale 38,744 39,046 - 39,046 - Loans, net 1,485,703 1,459,257 - - 1,459,257 FHLB stock 13,115 13,115 - 13,115 - Interest receivable 7,221 7,221 - 7,221 - Liabilities Deposits 1,576,013 1,576,477 1,059,166 - 517,311 FHLB advances 260,615 261,098 - 261,098 - Other borrowings 17,732 17,351 - 17,351 - Interest payable 782 782 - 782 - Fair Value Measurements Using Carrying December 31, 2018 Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 33,414 $ 33,414 $ 33,414 $ - $ - Interest-bearing time deposits 4,239 4,239 4,239 - - Loans held for sale 3,987 4,011 - 4,011 - Loans, net 1,482,662 1,456,270 - - 1,456,270 FHLB stock 13,034 13,034 - 13,034 - Interest receivable 6,940 6,940 - 6,940 - Liabilities Deposits 1,519,225 1,514,852 1,030,785 - 484,067 FHLB advances 292,497 290,092 - 290,092 - Other borrowings 17,988 17,665 - 17,665 - Interest payable 1,075 1,075 - 1,075 -

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2019
Acquisitions [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Assets Liabilities Cash and cash equivalents $ 11,326 Deposits Interest-bearing time deposits 8,747 Non-interest bearing $ 81,061 Investment securities, available for sale 87,817 NOW accounts 66,372 Savings and money market 85,690 Loans Certificated of deposits 82,107 Commercial 203,489 Total deposits 315,230 Residential mortgage 36,410 Consumer 12,532 Borrowings 25,463 Total loans 252,431 Interest payable 81 Subordinated debt 4,000 Premises and equipment, net 4,799 Other liabilities 462 Federal Home Loan Bank stock 1,637 Total liabilities assumed $ 345,236 Deferred tax asset, net 2,848 Cash value of life insurance 7,556 Goodwill 20,511 Core deposit intangible 4,545 Interest receivable 1,259 Other real estate owned and repossessed assets 1,009 Other assets 2,073 Total assets purchased $ 406,558 Common shares issued $ 42,323 Cash paid 18,999 Total purchase price $ 61,322
Business Acquisition, Pro Forma Information	The following schedule includes pro forma results for the three and six months ended June 30, 2018, as if the Universal acquisition occurred as of the beginning of the reporting periods presented. Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 Summary of Operations Net interest income $ 16,608 $ 32,483 Provision for loan losses (500) (950) Net interest income after provision $ 16,108 $ 31,533 Non-interest income 4,804 9,517 Non-interest expense (16,163) (34,958) Income before income taxes $ 4,749 $ 6,092 Income tax benefit (expense) (584) (376) Net income to common shareholders $ 4,165 $ 5,716 Basic earnings per share $ 0.49 $ 0.67 Diluted earnings per share $ 0.48 $ 0.65

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Earnings per share were computed as follows: Three Months Ended June 30, 2019 2018 Weighted-Average Per-Share Weighted-Average Per-Share Net Income Shares Amount Net Income Shares Amount Basic Earnings Per Share Net income $ 5,751 8,602,257 $ 0.67 $ 4,165 8,577,017 $ 0.49 Effect of Dilutive Securities Stock options 116,202 154,594 Diluted Earnings Per Share Net income available and assumed conversions $ 5,751 8,718,459 $ 0.66 $ 4,165 8,731,611 $ 0.48 Six Months Ended June 30, 2019 2018 Weighted-Average Per-Share Weighted-Average Per-Share Net Income Shares Amount Net Income Shares Amount Basic Earnings Per Share Net income $ 10,989 8,611,779 $ 1.28 $ 8,172 8,196,083 $ 1.00 Effect of Dilutive Securities Stock options 120,308 154,785 Diluted Earnings Per Share Net income available and assumed conversions $ 10,989 8,732,087 $ 1.26 $ 8,172 8,350,868 $ 0.98

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Investment Securities [Abstract]
Amortized Cost and Fair Values of Securities	The amortized costs and approximate fair values, together with gross unrealized gains and losses on securities, are in the tables below. All mortgage-backed securities and collateralized mortgage obligations held as of June 30, 2019 and December 31, 2018 were guaranteed by government sponsored entities, government corporations or federal agencies. June 30, 2019 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 109,195 $ 1,487 $ (537) $ 110,145 Collateralized mortgage obligations 103,847 712 (265) 104,294 Municipal obligations 151,577 7,642 (61) 159,158 Corporate obligations 2,993 - (642) 2,351 Total investment securities $ 367,612 $ 9,841 $ (1,505) $ 375,948 December 31, 2018 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 106,094 $ 296 $ (2,047) $ 104,343 Collateralized mortgage obligations 110,994 157 (1,870) 109,281 Municipal obligations 153,976 2,008 (1,088) 154,896 Corporate obligations 2,998 - (643) 2,355 Total investment securities $ 374,062 $ 2,461 $ (5,648) $ 370,875
Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity	Available for Sale Description of Securities Amortized Cost Fair Value Security obligations due Within one year $ - $ - One to five years 340 346 Five to ten years 18,302 19,021 After ten years 135,928 142,142 154,570 161,509 Mortgage-backed securities 109,195 110,145 Collateralized mortgage obligations 103,847 104,294 Totals $ 367,612 $ 375,948
Investments Gross Unrealized Losses and Fair Value in Continuous Unrealized Loss Position	The following tables show the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2019 and December 31, 2018: June 30, 2019 Less than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Available for Sale Securities Mortgage-backed securities $ - $ - $ 43,120 $ (537) $ 43,120 $ (537) Collateralized mortgage obligations 7,614 (14) 22,988 (251) 30,602 (265) Municipal obligations - - 1,694 (61) 1,694 (61) Corporate obligations - - 2,351 (642) 2,351 (642) Total temporarily impaired securities $ 7,614 $ (14) $ 70,153 $ (1,491) $ 77,767 $ (1,505) December 31, 2018 Less than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Available for Sale Securities Mortgage-backed securities $ 33,176 $ (348) $ 42,230 $ (1,699) $ 75,406 $ (2,047) Collateralized mortgage obligations 15,139 (111) 64,495 (1,759) 79,634 (1,870) Municipal obligations 35,501 (542) 14,018 (546) 49,519 (1,088) Corporate obligations - - 2,355 (643) 2,355 (643) Total temporarily impaired securities $ 83,816 $ (1,001) $ 123,098 $ (4,647) $ 206,914 $ (5,648)
Pooled Trust Preferred Collateralized Debt Obligations	Pooled Trust Preferred Securities . The Bank has invested in a pooled trust preferred security. At June 30, 2019, the current book value of our pooled trust preferred security was $3.0 million. The original par value of this security was $3.0 million. The pooled trust preferred security owned was performing as agreed in the first six months of 2019. As of June 2019, current Moody’s rating for this bond was B3. The pooled trust preferred security owned by the Bank is exempt from the Volcker Rule. The following table provides additional information related to the Bank’s investment in a pooled trust preferred security as of June 30, 2019: Total Excess Number subordination Number of of Banks Actual Total (after taking Banks / and Deferrals/ Projected into account Insurance Insurance Defaults Defaults best estimate Realized Cos. Cos. In (as a % of (as a % of of future Original Book Fair Unrealized Losses Lowest Currently Issuance original performing deferrals/ Deal Name Class Par Value Value Loss 2019 Ratings Performing (Unique) collateral) collateral) (1) defaults) (2) (Dollars in Thousands) U.S. Capital Funding I B1 $ 3,000 $ 2,993 $ 2,351 $ (642) $ - Caa1 24 26 7.95 % 5.78 % 6.69 % (1) A 10% recovery is applied to all projected defaults by depository institutions. A 15% recovery is applied to all projected defaults by insurance companies. No recovery is applied to current defaults. (2) Excess subordination represents the additional defaults in excess of both current and projected defaults that the collateralized debt obligation can absorb before the bond experiences any credit impairment. Excess subordinated percentage is calculated by (a) determining what percentage of defaults a pool can experience before the bond has credit impairment, and (b) subtracting from this default breakage percentage both total current and expected future default percentages.

Loans and Allowance (Tables)

Loans and Allowance (Tables)	6 Months Ended
	Jun. 30, 2019
Loans and Allowance [Abstract]
Schedule of Classes of Loans	Classes of loans at June 30, 2019 and December 31, 2018 include: June 30, December 31, 2019 2018 Real estate Commercial $ 498,992 $ 485,808 Commercial construction and development 59,072 53,310 Consumer closed end first mortgage 421,559 464,539 Consumer open end and junior liens 75,218 77,072 Total real estate loans 1,054,841 1,080,729 Other loans Consumer loans Auto 56,855 43,667 Boat/RVs 220,470 216,608 Other consumer loans 7,091 6,893 Commercial and industrial 156,950 149,359 Total other loans 441,366 416,527 Total loans 1,496,207 1,497,256 Undisbursed loans in process (6,169) (10,096) Unamortized deferred loan costs, net 9,100 8,783 Allowance for loan losses (13,435) (13,281) Net loans $ 1,485,703 $ 1,482,662
Non-Accrual Loans Segregated by Class of Loans	Nonaccrual loans, segregated by class of loans, as of June 30, 2019 and December 31, 2018 are as follows: June 30, December 31, 2019 2018 Real estate Commercial $ 848 $ 4,782 Commercial construction and development - 62 Consumer closed end first mortgage 3,984 2,777 Consumer open end and junior liens 170 273 Consumer loans Auto 50 88 Boat/RVs 616 470 Other consumer loans 27 46 Commercial and industrial 250 91 Total nonaccrual loans $ 5,945 $ 8,589
Age Analysis of Past Due Loans Segregated by Class of Loans	An age analysis of the Company’s past due loans, segregated by class of loans, as of June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 Total Loans 90 Days 30‑59 60‑89 90 Days Total Total Past Due Days Past Days Past or More Past Loans and Due Due Past Due Due Current Receivable Accruing Real estate Commercial $ 2,906 $ 21 $ 481 $ 3,408 $ 495,584 $ 498,992 $ - Commercial construction and development 136 - - 136 58,936 59,072 - Consumer closed end first mortgage 2,076 1,069 3,304 6,449 415,110 421,559 - Consumer open end and junior liens 358 157 110 625 74,593 75,218 - Consumer loans Auto 289 120 41 450 56,405 56,855 - Boat/RVs 1,429 483 521 2,433 218,037 220,470 - Other consumer loans 60 11 20 91 7,000 7,091 - Commercial and industrial 1,000 199 250 1,449 155,501 156,950 - Total $ 8,254 $ 2,060 $ 4,727 $ 15,041 $ 1,481,166 $ 1,496,207 $ - December 31, 2018 Total Loans 90 Days 30‑59 60‑89 90 Days Total Total Past Due Days Past Days Past or More Past Loans and Due Due Past Due Due Current Receivable Accruing Real estate Commercial $ 1,145 $ 536 $ 4,377 $ 6,058 $ 479,750 $ 485,808 $ - Commercial construction and development 4,633 - 61 4,694 48,616 53,310 - Consumer closed end first mortgage 7,847 1,662 2,696 12,205 452,334 464,539 517 Consumer open end and junior liens 353 114 220 687 76,385 77,072 - Consumer loans Auto 257 16 72 345 43,322 43,667 - Boat/RVs 2,174 594 350 3,118 213,490 216,608 - Other consumer loans 65 8 41 114 6,779 6,893 - Commercial and industrial 617 93 91 801 148,558 149,359 - Total $ 17,091 $ 3,023 $ 7,908 $ 28,022 $ 1,469,234 $ 1,497,256 $ 517
Impaired Loans	The following tables present impaired loans as of and for the three and six month periods ended June 30, 2019 and 2018 and as of and for the year ended December 31, 2018. June 30, 2019 Average Average Interest Unpaid Investment in Investment Income Interest Recorded Principal Specific Impaired in Impaired Recognized – Income Balance Balance Allowance Loans - QTD Loans - YTD QTD Recognized - YTD Loans without a specific valuation allowance Real estate Commercial $ 5,610 $ 5,610 $ - $ 5,871 $ 6,080 $ 73 $ 242 Commercial construction and development 376 376 - 458 489 4 9 Consumer closed end first mortgage 844 844 - 844 942 - - Commercial and industrial 50 50 - 104 113 1 2 Loans with a specific valuation allowance Real estate Consumer closed end first mortgage 335 335 40 335 223 - - Total Real estate Commercial $ 5,610 $ 5,610 $ - $ 5,871 $ 6,080 $ 73 $ 242 Commercial construction and development $ 376 $ 376 $ - $ 458 $ 489 $ 4 $ 9 Consumer closed end first mortgage $ 1,179 $ 1,179 $ 40 $ 1,179 $ 1,165 $ - $ - Commercial and industrial $ 50 $ 50 $ - $ 104 $ 113 $ 1 $ 2 Total $ 7,215 $ 7,215 $ 40 $ 7,612 $ 7,847 $ 78 $ 253 June 30, 2018 Average Average Interest Unpaid Investment in Investment Income Interest Recorded Principal Specific Impaired in Impaired Recognized – Income Balance Balance Allowance Loans - QTD Loans - YTD QTD Recognized - YTD Loans without a specific valuation allowance Real estate Commercial $ 705 $ 705 $ - $ 753 $ 794 $ - $ - Commercial construction and development 639 639 - 653 669 7 14 Consumer closed end first mortgage 1,071 1,071 - 1,241 1,341 - 1 Commercial and industrial 144 144 - 148 190 2 2 Loans with a specific valuation allowance Real estate Commercial 214 214 100 214 214 - - Total Real estate Commercial $ 919 $ 919 $ 100 $ 967 $ 1,008 $ - $ - Commercial construction and development $ 639 $ 639 $ - $ 653 $ 669 $ 7 $ 14 Consumer closed end first mortgage $ 1,071 $ 1,071 $ - $ 1,241 $ 1,341 $ - $ 1 Commercial and industrial $ 144 $ 144 $ - $ 148 $ 190 $ 2 $ 2 Total $ 2,773 $ 2,773 $ 100 $ 3,009 $ 3,208 $ 9 $ 17 December 31, 2018 Average Unpaid Investment Interest Recorded Principal Specific in Impaired Income Balance Balance Allowance Loans Recognized Loans without a specific valuation allowance Real estate Commercial $ 6,324 $ 6,377 $ - $ 1,882 $ - Commercial construction and development 549 549 - 633 27 Consumer closed end first mortgage 1,137 1,137 - 1,260 - Commercial and industrial 131 131 - 167 5 Loans with a specific valuation allowance Real estate Commercial 174 214 100 206 - Total Real estate Commercial $ 6,498 $ 6,591 $ 100 $ 2,088 $ - Commercial construction and development $ 549 $ 549 $ - $ 633 $ 27 Consumer closed end first mortgage $ 1,137 $ 1,137 $ - $ 1,260 $ - Commercial and industrial $ 131 $ 131 $ - $ 167 $ 5 Total $ 8,315 $ 8,408 $ 100 $ 4,148 $ 32
Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating	June 30, 2019 Commercial Consumer Special Pass Mention Substandard Doubtful Pass Substandard Total Real estate Commercial $ 476,281 $ 13,624 $ 9,087 $ - $ 498,992 Commercial construction and development 51,567 7,130 375 - 59,072 Consumer closed end first mortgage $ 416,735 $ 4,824 421,559 Consumer open end and junior liens 75,006 212 75,218 Other loans Consumer loans Auto 56,788 67 56,855 Boat/RVs 219,805 665 220,470 Other consumer loans 7,064 27 7,091 Commercial and industrial 151,182 1,054 4,714 - 156,950 $ 679,030 $ 21,808 $ 14,176 $ - $ 775,398 $ 5,795 $ 1,496,207 December 31, 2018 Commercial Consumer Special Pass Mention Substandard Doubtful Pass Substandard Total Real estate Commercial $ 465,888 $ 9,501 $ 10,419 $ - $ 485,808 Commercial construction and development 46,649 6,112 549 - 53,310 Consumer closed end first mortgage $ 459,771 $ 4,768 464,539 Consumer open end and junior liens 76,752 320 77,072 Other loans Consumer loans Auto 43,559 108 43,667 Boat/RVs 215,830 778 216,608 Other consumer loans 6,835 58 6,893 Commercial and industrial 141,705 4,009 3,645 - 149,359 $ 654,242 $ 19,622 $ 14,613 $ - $ 802,747 $ 6,032 $ 1,497,256
Activity in Allowance for Loan Losses by Portfolio Segment	The following tables detail activity in the allowance for loan losses by portfolio segment for the three and six month periods ended June 30, 2019 and 2018, respectively. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other segments. Three Months Ended June 30, 2019 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 8,401 $ 1,545 $ 3,418 $ 13,364 Provision charged (credited) to expense 172 (151) 454 475 Losses charged off (43) (32) (399) (474) Recoveries 10 1 59 70 Balance, end of period $ 8,540 $ 1,363 $ 3,532 $ 13,435 Three Months Ended June 30, 2018 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 7,974 $ 1,700 $ 2,863 $ 12,537 Provision charged (credited) to expense 59 (38) 479 500 Losses charged off (2) (57) (309) (368) Recoveries 12 1 47 60 Balance, end of period $ 8,043 $ 1,606 $ 3,080 $ 12,729 Six Months Ended June 30, 2019 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 8,426 $ 1,548 $ 3,307 $ 13,281 Provision charged (credited) to expense 198 (114) 866 950 Losses charged off (98) (73) (746) (917) Recoveries 14 2 105 121 Balance, end of period $ 8,540 $ 1,363 $ 3,532 $ 13,435 Six Months Ended June 30, 2018 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 7,704 $ 1,761 $ 2,922 $ 12,387 Provision charged (credited) to expense 467 (87) 570 950 Losses charged off (140) (77) (523) (740) Recoveries 12 9 111 132 Balance, end of period $ 8,043 $ 1,606 $ 3,080 $ 12,729 The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of June 30, 2019 and 2018, and December 31, 2018. June 30, 2019 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ - $ 40 $ - $ 40 Collectively evaluated for impairment 8,540 1,323 3,532 13,395 Total allowance for loan losses $ 8,540 $ 1,363 $ 3,532 $ 13,435 Loan balances Individually evaluated for impairment $ 6,036 $ 1,179 $ - $ 7,215 Collectively evaluated for impairment 708,978 420,380 359,634 1,488,992 Gross loans $ 715,014 $ 421,559 $ 359,634 $ 1,496,207 June 30, 2018 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 7,943 1,606 3,080 12,629 Loans acquired with deteriorated credit quality - - - - Total allowance for loan losses $ 8,043 $ 1,606 $ 3,080 $ 12,729 Loan balances Individually evaluated for impairment $ 1,702 $ 1,071 $ - $ 2,773 Collectively evaluated for impairment 683,847 473,906 307,220 1,464,973 Loans acquired with deteriorated credit quality - - - - Gross loans $ 685,549 $ 474,977 $ 307,220 $ 1,467,746 December 31, 2018 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 8,326 1,548 3,307 13,181 Loans acquired with deteriorated credit quality - - - - Total allowance for loan losses $ 8,426 $ 1,548 $ 3,307 $ 13,281 Loan balances Individually evaluated for impairment $ 7,178 $ 1,137 $ - $ 8,315 Collectively evaluated for impairment 681,299 463,402 344,240 1,488,941 Loans acquired with deteriorated credit quality - - - - Gross loans $ 688,477 $ 464,539 $ 344,240 $ 1,497,256
Troubled Debts Restructured	The following tables describe troubled debts restructured during the three and six month periods ended June 30, 2019 and 2018: Three Months Ended June 30, 2019 June 30, 2018 No. of Pre-Modification Post-Modification No. of Pre-Modification Post-Modification Loans Recorded Balance Recorded Balance Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 3 $ 41 $ 43 1 $ 49 $ 47 Other loans Consumer Loans Auto - - - 1 10 10 Boat/RVs 1 37 37 1 19 19 Six Months Ended June 30, 2019 June 30, 2018 No. of Pre-Modification Post-Modification No. of Pre-Modification Post-Modification Loans Recorded Balance Recorded Balance Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 4 51 53 4 187 187 Consumer open end and junior liens 1 7 7 4 82 94 Other loans Consumer loans Auto 1 17 17 1 10 10 Boat/RVs 2 45 45 1 19 19 Commercial and industrial - - - 1 61 61
Newly Restructured Loans by Types	Newly restructured loans by type for the three and six months ended June 30, 2019 and 2018 are as follows: Three Months Ended June 30, 2019 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 43 $ 43 Other loans Consumer loans Boat/RVs - - 37 37 Three Months Ended June 30, 2018 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 47 $ 47 Other loans Consumer loans Auto - 10 - 10 Boat/RVs - 19 - 19 Six Months Ended June 30, 2019 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 53 $ 53 Consumer open end and junior liens - 7 - 7 Other loans Consumer loans Auto - - 17 17 Boat/RVs - 8 37 45 Six Months Ended June 30, 2018 Total Rate Term Combination Modification Real Estate Consumer closed end first mortgage $ - $ - $ 187 $ 187 Consumer open end and junior liens - 35 59 94 Other loans Consumer loans Auto - 10 - 10 Boat/RVs - 19 - 19 Commercial and industrial - 61 - 61
Troubled Debts Restructured Defaulted	The following table describes troubled debt restructurings that have subsequently defaulted during the six months ended June 30, 2019 and 2018. There were no defaults on loans modified as troubled debt restructurings made in the three months ended June 30, 2019 and 2018. A default is defined as any loans that become 90 days past due. Six Months Ended June 30, 2019 June 30, 2018 Post-Modification Outstanding Post-Modification Outstanding No. of Loans Recorded Balance No. of Loans Recorded Balance Other Loans Consumer Loans Boat/RV $ - $ -

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill [Abstract]
Schedule of Goodwill	June 30, December 31, 2019 2018 Balance as of beginning of period $ 22,310 $ 1,800 Goodwill acquired during the year - 22,069 Measurement period adjustments - (1,559) Balance as of end of period $ 22,310 $ 22,310

Accounting for Certain Loans _2

Accounting for Certain Loans Acquired in a Transfer (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Schedule of Acquired Loans	The following table presents the carrying amounts of the loans acquired in the acquisition of Universal included in the balance sheet amounts of loans receivable as of June 30, 2019. June 30, 2019 December 31, 2018 Outstanding balance Real estate Commercial $ 107,330 $ 120,249 Commercial construction and development 10,447 8,664 Consumer closed end first mortgage 27,344 30,694 Consumer open end and junior liens 7,236 8,032 Total real estate loans 152,357 167,639 Other loans Consumer loans Auto 805 1,138 Boat/RVs 45 97 Other 388 523 Commercial and industrial 9,657 10,571 Total other loans 10,895 12,329 Total loans $ 163,252 $ 179,968 Carrying amount $ 161,002 $ 177,169 Allowance - - Carrying amount net of allowance $ 161,002 $ 177,169

Lease Commitments (Tables)

Lease Commitments (Tables)	6 Months Ended
	Jun. 30, 2019
Lease Commitments [Abstract]
Schedule of operating lease financial position	The following table shows lease right of use assets and lease liabilities as of June 30, 2019. Statement of Financial Condition classification June 30, 2019 Operating lease right of use asset Other Assets $ 2,990 Operating lease liabilities Other Liabilities $ 3,005
Schedule of components of operating lease expense	The following table shows the components of operating leases expense for the three and six months ended June 30, 2019. Three Months Ended Six Months Ended Statement of Income classification June 30, 2019 June 30, 2019 Operating lease cost Net occupancy expenses and equipment expenses $ $ Short-term lease cost Net occupancy expenses and equipment expenses Variable lease cost Net occupancy expenses Total operating lease cost $ $
Schedule of minimum rental commitments	The following table shows future minimum rental commitments for all noncancelable operating leases for the next five years and thereafter. Remaining 2019 $ 407 2020 753 2021 619 2022 530 2023 333 Thereafter 1,215 Total lease payments $ 3,857 Less: present value discount 852 Present value of lease liabilities $ 3,005
Schedule of lease information	The following table shows the weighted average remaining lease term, the weighted average discount rate and supplemental Consolidated Statement of Cash Flows information for operating leases at June 30, 2019. June 30, 2019 Weighted average remaining lease term 11.10 years Weighted average discount rate 3.71 % Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from leases $ 390

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Financial Instruments [Abstract]
Amounts of Derivative Financial Instruments	Derivatives Fair Value Fair Value Balance Sheet June 30, December 31, Balance Sheet June 30, December 31, Location 2019 2018 Location 2019 2018 Derivatives not designated as hedging instruments: Interest rate contracts Other assets $ 1,501 $ 599 Other liabilities $ 1,501 $ 599

Other Borrowings (Tables)

Other Borrowings (Tables)	6 Months Ended
	Jun. 30, 2019
Other Borrowings [Abstract]
Components of Other Borrowings	Other borrowings consisted of the following components: June 30, December 31, 2019 2018 Notes payable $ 9,359 $ 9,665 Subordinated debentures, net of discount 8,373 8,323 Total $ 17,732 $ 17,988

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: June 30, December 31, 2019 2018 Net unrealized gain (loss) on securities available for sale $ 8,336 $ (3,187) Net unrealized gain relating to defined benefit plan liability (99) (99) 8,237 (3,286) Tax effect (1,773) 662 Net of tax amount $ 6,464 $ (2,624)
Reclassification out of Accumulated Other Comprehensive Income (Loss)	The following table presents the reclassification adjustments out of accumulated other comprehensive income that were included in net income in the Consolidated Statements of Income for the three and six months ended June 30, 2019 and 2018. Amount Reclassified from Accumulated Other Comprehensive Income For the Three Months Ended June 30, Details about Accumulated Other Comprehensive Income Components 2019 2018 Affected Line Item in the Statements of Income Realized gains on available for sale securities Realized securities gains reclassified into income $ 422 $ 106 Total non-interest income - net realized gains on sale of available for sale securities Related income tax expense (89) (22) Income tax expense Total reclassifications for the period, net of tax $ 333 $ 84 Amount Reclassified from Accumulated Other Comprehensive Income For the Six Months Ended June 30, Details about Accumulated Other Comprehensive Income Components 2019 2018 Affected Line Item in the Statements of Income Realized gains on available for sale securities Realized securities gains reclassified into income $ 866 $ 260 Total non-interest income - net realized gains on sale of available for sale securities Related income tax expense (182) (55) Income tax expense Total reclassifications for the period, net of tax $ 684 $ 205

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Values of Financial Instruments [Abstract]
Fair Value Measurements of Assets Measured at Fair Value on Recurring Basis	The following tables present the fair value measurements of assets and liabilities measured on a recurring basis and level within the ASC 820 fair value hierarchy. Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 June 30, 2019 Available for sale securities Mortgage-backed securities $ 110,145 $ - $ 110,145 $ - Collateralized mortgage obligations 104,294 - 104,294 - Municipal obligations 159,158 - 159,158 - Corporate obligations 2,351 - - 2,351 Interest rate swap asset 1,501 - 1,501 - Interest rate swap liability 1,501 - 1,501 - Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2018 Available for sale securities Mortgage-backed securities $ 104,343 $ - $ 104,343 $ - Collateralized mortgage obligations 109,281 - 109,281 - Municipal obligations 154,896 - 154,896 - Corporate obligations 2,355 - - 2,355 Interest rate swap asset 599 - 599 - Interest rate swap liability 599 - 599 -
Reconciliation of Recurring Fair Value Measurements Recognized in Balance Sheet using Significant Unobservable (Level Three) Inputs	The following is a reconciliation of the beginning and ending balances for the three and six months ended June 30, 2019 and 2018 of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable (Level 3) inputs: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Beginning balance $ 2,353 $ 2,721 $ 2,355 $ 2,721 Total realized and unrealized gains (losses) Included in net income - - - - Included in other comprehensive income (loss) - - - - Purchases, issuances and settlements (2) - (4) - Ending balance $ 2,351 $ 2,721 $ 2,351 $ 2,721 Total gains for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date $ - $ - $ - $ -
Quantitative Information about Unobservable Inputs used in Recurring and Nonrecurring Level Three Fair Value Measurements	The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: June 30, 2019 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,351 Discounted cash flow Discount rate 6.8 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 % Projected cures given deferral 0 - 15.0 % Loss severity 21.4 % December 31, 2018 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,355 Discounted cash flow Discount rate 6.8 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 % Projected cures given deferral 0 - 15.0 % Loss severity 21.4 %
Estimated Fair Values of Financial Instruments	The estimated fair values of the Company’s financial instruments not carried at fair value in the consolidated balance sheets as of the dates noted below are as follows: Fair Value Measurements Using Carrying June 30, 2019 Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 32,944 $ 32,944 $ 32,944 $ - $ - Interest-bearing time deposits 4,277 4,277 4,277 - - Loans held for sale 38,744 39,046 - 39,046 - Loans, net 1,485,703 1,459,257 - - 1,459,257 FHLB stock 13,115 13,115 - 13,115 - Interest receivable 7,221 7,221 - 7,221 - Liabilities Deposits 1,576,013 1,576,477 1,059,166 - 517,311 FHLB advances 260,615 261,098 - 261,098 - Other borrowings 17,732 17,351 - 17,351 - Interest payable 782 782 - 782 - Fair Value Measurements Using Carrying December 31, 2018 Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 33,414 $ 33,414 $ 33,414 $ - $ - Interest-bearing time deposits 4,239 4,239 4,239 - - Loans held for sale 3,987 4,011 - 4,011 - Loans, net 1,482,662 1,456,270 - - 1,456,270 FHLB stock 13,034 13,034 - 13,034 - Interest receivable 6,940 6,940 - 6,940 - Liabilities Deposits 1,519,225 1,514,852 1,030,785 - 484,067 FHLB advances 292,497 290,092 - 290,092 - Other borrowings 17,988 17,665 - 17,665 - Interest payable 1,075 1,075 - 1,075 -

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($)	Feb. 28, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Share price	$ 35.70
Goodwill		$ 22,310,000		$ 22,310,000	$ 1,800,000
Universal Bancorp [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	100.00%
Business acquisition, effective date of acquisition		Feb. 28, 2018
Business acquisition, name of acquired entity		Universal Bancorp ("Universal")
Business combination acquirer's shares issued per acquiree's single share	15.6
Business combination acquirer cash given per acquiree's single share	$ 250
Business acquisition, equity interest issued or issuable, number of shares	1,200,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 42,323,000
Total Loans	252,431,000
Contractual principal amount	257,000,000
Business acquisition, transaction costs	2,000,000
Core deposit intangible	4,545,000
Goodwill	$ 20,511,000
Finite Lived Intangible Asset Useful Life	15 years
Total purchase price	$ 61,322,000
Loans acquired		$ 163,252,000		$ 179,968,000
Credit adjustment	$ 4,600,000
Revenue, pro forma			$ 5,500,000
Earnings, pro forma			$ 2,900,000

Acquisitions (Schedule of Recog

Acquisitions (Schedule of Recognized Identified Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets:
Goodwill			$ 22,310	$ 22,310	$ 1,800
Liabilities:
Non-interest bearing	$ 81,061
NOW accounts	66,372
Savings and money market	85,690
Certificate of deposits	82,107
Borrowings	25,463
Interest payable	81
Subordinated debt	4,000
Other liabilities	462
Total liabilities assumed	345,236
Cash paid		$ 18,999
Commercial Segment [Member]
Liabilities:
Total deposits	315,230
Universal Bancorp [Member]
Assets:
Cash and cash equivalents	11,326
Interest-bearing time deposits	8,747
Investment securities, available for sale	87,817
Total Loans	252,431
Premises and equipment, net	4,799
Federal Home Loan Bank stock	1,637
Deferred tax asset, net	2,848
Cash value of life insurance	7,556
Goodwill	20,511
Core deposit intangible	4,545
Interest receivables	1,259
Other real estate owned and repossessed assets	1,009
Other assets	2,073
Total assets purchased	406,558
Liabilities:
Common shares issued	42,323
Cash paid	18,999
Total purchase price	61,322
Universal Bancorp [Member] | Commercial Segment [Member]
Assets:
Total Loans	203,489
Universal Bancorp [Member] | Residential Mortgage [Member]
Assets:
Total Loans	36,410
Universal Bancorp [Member] | Consumer [Member]
Assets:
Total Loans	$ 12,532

Acquisitions (Business Acquisit

Acquisitions (Business Acquisition, Pro Forma Information) (Details) - Universal Bancorp [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Net interest income	$ 16,608	$ 32,483
Provision for loan losses	(500)	(950)
Net interest income after provision	16,108	31,533
Non-interest income	4,804	9,517
Non-interest expense	(16,163)	(34,958)
Income before income taxes	4,749	6,092
Income tax benefit (expense)	(584)	(376)
Net income to common shareholders	$ 4,165	$ 5,716
Basic earnings per share	$ 0.49	$ 0.67
Diluted earnings per share	$ 0.48	$ 0.65

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic Earnings Per Share
Net Income	$ 5,751	$ 4,165	$ 10,989	$ 8,172
Weighted-Average Shares number of common shares, basic	8,602,257	8,577,017	8,611,779	8,196,083
Earnings per share, basic	$ 0.67	$ 0.49	$ 1.28	$ 1
Net income available and assumed conversions	$ 5,751	$ 4,165	$ 10,989	$ 8,172
Weighted-Average Shares, effect of dilutive securities stock option	116,202	154,594	120,308	154,785
Weighted-Average Shares income available to common stockholders and assumed conversions, diluted	8,718,459	8,731,611	8,732,087	8,350,868
Earnings per share, diluted	$ 0.66	$ 0.48	$ 1.26	$ 0.98

Impact of Accounting Pronounc_2

Impact of Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 2,990
Operating Lease, Liability	$ 3,005
Adjustment | Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability		$ 3,600

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Investment [Line Items]
Fair value of investments reported at less than historical cost	$ 77,767,000		$ 77,767,000		$ 206,914,000
Percentage of Bank portfolio	20.70%		20.70%		55.80%
Proceeds from sales of securities, available for sale	$ 13,900,000	$ 6,500,000	$ 24,690,000	$ 43,284,000
Gross realized gain on sale of securities	422,000	109,000	866,000	263,000
Gross realized losses on sale of securities		$ 3,000	0	3,000
Other than temporary impairment losses investments available for sale securities			0	$ 0
Pooled Trust Preferred Security [Member]
Investment [Line Items]
Current par balance	3,000,000		3,000,000
Original Par	$ 3,000,000		$ 3,000,000

Investment Securities (Amortize

Investment Securities (Amortized Cost and Fair Values of Securities ) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 367,612	$ 374,062
Gross Unrealized Gains	9,841	2,461
Gross Unrealized Losses	(1,505)	(5,648)
Fair Value, available for sale	375,948	370,875
Mortgage-backed securities, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	109,195	106,094
Gross Unrealized Gains	1,487	296
Gross Unrealized Losses	(537)	(2,047)
Fair Value, available for sale	110,145	104,343
Collateralized mortgage obligations, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	103,847	110,994
Gross Unrealized Gains	712	157
Gross Unrealized Losses	(265)	(1,870)
Fair Value, available for sale	104,294	109,281
Municipals
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	151,577	153,976
Gross Unrealized Gains	7,642	2,008
Gross Unrealized Losses	(61)	(1,088)
Fair Value, available for sale	159,158	154,896
Corporate obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,993	2,998
Gross Unrealized Losses	(642)	(643)
Fair Value, available for sale	$ 2,351	$ 2,355

Investment Securities (Investme

Investment Securities (Investments Gross Unrealized Losses and Fair Value in Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 7,614	$ 83,816
Less than 12 months, Unrealized Losses	(14)	(1,001)
12 months or more, Fair Value	70,153	123,098
12 months or more, Unrealized Losses	(1,491)	(4,647)
Total, Fair Value	77,767	206,914
Total, Unrealized Losses	(1,505)	(5,648)
Mortgage-backed securities, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		33,176
Less than 12 months, Unrealized Losses		(348)
12 months or more, Fair Value	43,120	42,230
12 months or more, Unrealized Losses	(537)	(1,699)
Total, Fair Value	43,120	75,406
Total, Unrealized Losses	(537)	(2,047)
Collateralized mortgage obligations, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	7,614	15,139
Less than 12 months, Unrealized Losses	(14)	(111)
12 months or more, Fair Value	22,988	64,495
12 months or more, Unrealized Losses	(251)	(1,759)
Total, Fair Value	30,602	79,634
Total, Unrealized Losses	(265)	(1,870)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		35,501
Less than 12 months, Unrealized Losses		(542)
12 months or more, Fair Value	1,694	14,018
12 months or more, Unrealized Losses	(61)	(546)
Total, Fair Value	1,694	49,519
Total, Unrealized Losses	(61)	(1,088)
Corporate obligations
Schedule of Available-for-sale Securities [Line Items]
12 months or more, Fair Value	2,351	2,355
12 months or more, Unrealized Losses	(642)	(643)
Total, Fair Value	2,351	2,355
Total, Unrealized Losses	$ (642)	$ (643)

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Fair Value of Available-for-Sale Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Security obligations due, amortized cost, One to five years	$ 340
Security obligations due, amortized cost, Five to ten years	18,302
Security obligations due, amortized cost, After ten years	135,928
Available for sale, amortized cost, total	154,570
Available for sale, amortized cost	367,612	$ 374,062
Security obligations due, Fair value, One to five years	346
Security obligations due, Fair value, Five to ten years	19,021
Security obligations due, Fair value, After ten years	142,142
Total Security obligations due, Fair value	161,509
Investment securities available for sale (carried at fair value)	375,948	370,875
Mortgage-backed securities, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	109,195	106,094
Investment securities available for sale (carried at fair value)	110,145	104,343
Collateralized mortgage obligations, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	103,847	110,994
Investment securities available for sale (carried at fair value)	$ 104,294	$ 109,281

Investment Securities (Pooled T

Investment Securities (Pooled Trust Preferred Collateralized Debt Obligations) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)entity	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Fair Value, available for sale	$ 375,948		$ 370,875
Unrealized loss	(1,505)		$ (5,648)
Realized losses YTD	$ 866	$ 260
Percentage of recovery estimate depository institutions	10.00%
Percentage of recovery estimate insurance companies	15.00%
Pooled Trust Preferred Security [Member]
Original Par	$ 3,000
Pooled Trust Preferred Security [Member] | U S Capital Funding I [Member]
Class	B1
Original Par	$ 3,000
Book Value	2,993
Fair Value, available for sale	2,351
Unrealized loss	(642)
Realized losses YTD
Number of Banks / Insurance Cos. Currently Performing | entity	24
Total Number of Banks and Insurance Cos. In Issuance (Unique) | entity	26
Actual Deferrals/Defaults (as a % of original collateral)	7.95%
Total Projected Defaults (as a % of performing collateral)	5.78%
Excess subordination (after taking into account best estimate of future deferrals/defaults)	6.69%
Minimum | Pooled Trust Preferred Security [Member] | U S Capital Funding I [Member]
Class	Caa1

Loans and Allowance (Narrative)

Loans and Allowance (Narrative) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Loans and Allowance [Abstract]
Mortgage loans in process of foreclosure, amount	$ 2,500,000	$ 833,000
Real estate held-for-sale	$ 548,000	$ 541,000

Loans and Allowance (Categories

Loans and Allowance (Categories of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,496,207		$ 1,497,256	$ 1,467,746
Undisbursed loans in process	(6,169)		(10,096)
Unamortized deferred loan costs, net	9,100		8,783
Allowance for loan losses	(13,435)	$ (13,364)	(13,281)	$ (12,729)	$ (12,537)	$ (12,387)
Net loans	1,485,703		1,482,662
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	498,992		485,808
Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	59,072		53,310
First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	421,559		464,539
Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	75,218		77,072
Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	56,855		43,667
Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	220,470		216,608
Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,091		6,893
Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	156,950		149,359
Real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,054,841		1,080,729
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 441,366		$ 416,527

Loans and Allowance (Non-Accrua

Loans and Allowance (Non-Accrual Loan, Segregated by Class of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 5,945	$ 8,589
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	848	4,782
Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans		62
First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	3,984	2,777
Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	170	273
Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	50	88
Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	616	470
Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	27	46
Commercial and Industrial [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 250	$ 91

Loans and Allowance (Age Analys

Loans and Allowance (Age Analysis of Past Due Loans Segregated by Class of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 15,041	$ 28,022
Current	1,481,166	1,469,234
Total loans receivable	1,496,207	1,497,256	$ 1,467,746
Total Loans > 90 Days or More and Accruing		517
30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8,254	17,091
60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,060	3,023
90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,727	7,908
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,408	6,058
Current	495,584	479,750
Total loans receivable	498,992	485,808
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,906	1,145
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	21	536
Commercial Real Estate [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	481	4,377
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	136	4,694
Current	58,936	48,616
Total loans receivable	59,072	53,310
Commercial Segment [Member] | Construction Loans [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	136	4,633
Commercial Segment [Member] | Construction Loans [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		61
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,449	801
Current	155,501	148,558
Total loans receivable	156,950	149,359
Commercial Segment [Member] | Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,000	617
Commercial Segment [Member] | Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	199	93
Commercial Segment [Member] | Commercial and Industrial [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	250	91
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,449	12,205
Current	415,110	452,334
Total loans receivable	421,559	464,539
Total Loans > 90 Days or More and Accruing		517
Consumer [Member] | First Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,076	7,847
Consumer [Member] | First Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,069	1,662
Consumer [Member] | First Mortgage [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,304	2,696
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	625	687
Current	74,593	76,385
Total loans receivable	75,218	77,072
Consumer [Member] | Second Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	358	353
Consumer [Member] | Second Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	157	114
Consumer [Member] | Second Mortgage [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	110	220
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	450	345
Current	56,405	43,322
Total loans receivable	56,855	43,667
Consumer [Member] | Automobile Loan [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	289	257
Consumer [Member] | Automobile Loan [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	120	16
Consumer [Member] | Automobile Loan [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	41	72
Consumer [Member] | Boat/RVs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,433	3,118
Current	218,037	213,490
Total loans receivable	220,470	216,608
Consumer [Member] | Boat/RVs [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,429	2,174
Consumer [Member] | Boat/RVs [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	483	594
Consumer [Member] | Boat/RVs [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	521	350
Consumer [Member] | Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	91	114
Current	7,000	6,779
Total loans receivable	7,091	6,893
Consumer [Member] | Other [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	60	65
Consumer [Member] | Other [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11	8
Consumer [Member] | Other [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 20	$ 41

Loans and Allowance (Impaired L

Loans and Allowance (Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Impaired Financing Receivable With Related Allowance [Abstract]
Specific Allowance	$ 40	$ 100	$ 40	$ 100	$ 100
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	7,215	2,773	7,215	2,773	8,315
Unpaid principal balance, total	7,215	2,773	7,215	2,773	8,408
Average investment in impaired loans, total	7,612	3,009	7,847	3,208	4,148
Interest income recognized, total	78	9	253	17	32
Commercial Real Estate [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	5,610	705	5,610	705	6,324
Unpaid principal balance	5,610	705	5,610	705	6,377
Average investment in impaired loans	5,871	753	6,080	794	1,882
Interest income recognized	73		242
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance		214		214	174
Unpaid principal balance		214		214	214
Specific Allowance		100		100	100
Average investment in impaired loans		214		214	206
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	5,610	919	5,610	919	6,498
Unpaid principal balance, total	5,610	919	5,610	919	6,591
Average investment in impaired loans, total	5,871	967	6,080	1,008	2,088
Interest income recognized, total	73		242
Commercial Segment [Member] | Construction Loans [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	376	639	376	639	549
Unpaid principal balance	376	639	376	639	549
Average investment in impaired loans	458	653	489	669	633
Interest income recognized	4	7	9	14	27
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	376	639	376	639	549
Unpaid principal balance, total	376	639	376	639	549
Average investment in impaired loans, total	458	653	489	669	633
Interest income recognized, total	4	7	9	14	27
Commercial Segment [Member] | Commercial and Industrial [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	50	144	50	144	131
Unpaid principal balance	50	144	50	144	131
Average investment in impaired loans	104	148	113	190	167
Interest income recognized	1	2	2	2	5
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	50	144	50	144	131
Unpaid principal balance, total	50	144	50	144	131
Average investment in impaired loans, total	104	148	113	190	167
Interest income recognized, total	1	2	2	2	5
Consumer [Member] | First Mortgage [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	844	1,071	844	1,071	1,137
Unpaid principal balance	844	1,071	844	1,071	1,137
Average investment in impaired loans	844	1,241	942	1,341	1,260
Interest income recognized				1
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance	335		335
Unpaid principal balance	335		335
Specific Allowance	40		40
Average investment in impaired loans	335		223
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	1,179	1,071	1,179	1,071	1,137
Unpaid principal balance, total	1,179	1,071	1,179	1,071	1,137
Average investment in impaired loans, total	$ 1,179	$ 1,241	$ 1,165	1,341	$ 1,260
Interest income recognized, total				$ 1

Loans and Allowance (Commercial

Loans and Allowance (Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,496,207	$ 1,497,256	$ 1,467,746
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	498,992	485,808
Commercial Real Estate [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	476,281	465,888
Commercial Real Estate [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	13,624	9,501
Commercial Real Estate [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	9,087	10,419
Commercial Segment [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	679,030	654,242
Commercial Segment [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	21,808	19,622
Commercial Segment [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	14,176	14,613
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	59,072	53,310
Commercial Segment [Member] | Construction Loans [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	51,567	46,649
Commercial Segment [Member] | Construction Loans [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	7,130	6,112
Commercial Segment [Member] | Construction Loans [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	375	549
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	156,950	149,359
Commercial Segment [Member] | Commercial and Industrial [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	151,182	141,705
Commercial Segment [Member] | Commercial and Industrial [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	1,054	4,009
Commercial Segment [Member] | Commercial and Industrial [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	4,714	3,645
Consumer [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	775,398	802,747
Consumer [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	5,795	6,032
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	421,559	464,539
Consumer [Member] | First Mortgage [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	416,735	459,771
Consumer [Member] | First Mortgage [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	4,824	4,768
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	75,218	77,072
Consumer [Member] | Second Mortgage [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	75,006	76,752
Consumer [Member] | Second Mortgage [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	212	320
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	56,855	43,667
Consumer [Member] | Automobile Loan [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	56,788	43,559
Consumer [Member] | Automobile Loan [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	67	108
Consumer [Member] | Boat/RVs [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	220,470	216,608
Consumer [Member] | Boat/RVs [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	219,805	215,830
Consumer [Member] | Boat/RVs [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	665	778
Consumer [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,091	6,893
Consumer [Member] | Other [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	7,064	6,835
Consumer [Member] | Other [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 27	$ 58

Loans and Allowance (Activity i

Loans and Allowance (Activity in Allowance for Loan Losses by Portfolio Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period	$ 13,364	$ 12,537	$ 13,281	$ 12,387
Provision charged (credited) to expense	475	500	950	950
Losses charged off	(474)	(368)	(917)	(740)
Recoveries	70	60	121	132
Allowance for loan losses, End of period	13,435	12,729	13,435	12,729
Allowance for loan losses, individually evaluated for impairment, Ending balance					$ 40	$ 100	$ 100
Allowance for loan losses, collectively evaluated for impairment, Ending balance					13,395	13,181	12,629
Total allowance for loan losses	13,364	12,537	13,281	12,387	13,435	13,281	12,729
Loans, individually evaluated for impairment, Ending balance					7,215	8,315	2,773
Loans, collectively evaluated for impairment, Ending balance					1,488,992	1,488,941	1,464,973
Total loans receivable					1,496,207	1,497,256	1,467,746
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period	8,401	7,974	8,426	7,704
Provision charged (credited) to expense	172	59	198	467
Losses charged off	(43)	(2)	(98)	(140)
Recoveries	10	12	14	12
Allowance for loan losses, End of period	8,540	8,043	8,540	8,043
Allowance for loan losses, individually evaluated for impairment, Ending balance						100	100
Allowance for loan losses, collectively evaluated for impairment, Ending balance					8,540	8,326	7,943
Total allowance for loan losses	8,401	7,974	8,426	7,704	8,540	8,426	8,043
Loans, individually evaluated for impairment, Ending balance					6,036	7,178	1,702
Loans, collectively evaluated for impairment, Ending balance					708,978	681,299	683,847
Total loans receivable					715,014	688,477	685,549
Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period	1,545	1,700	1,548	1,761
Provision charged (credited) to expense	(151)	(38)	(114)	(87)
Losses charged off	(32)	(57)	(73)	(77)
Recoveries	1	1	2	9
Allowance for loan losses, End of period	1,363	1,606	1,363	1,606
Allowance for loan losses, individually evaluated for impairment, Ending balance					40
Allowance for loan losses, collectively evaluated for impairment, Ending balance					1,323	1,548	1,606
Total allowance for loan losses	1,545	1,700	1,548	1,761	1,363	1,548	1,606
Loans, individually evaluated for impairment, Ending balance					1,179	1,137	1,071
Loans, collectively evaluated for impairment, Ending balance					420,380	463,402	473,906
Total loans receivable					421,559	464,539	474,977
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period	3,418	2,863	3,307	2,922
Provision charged (credited) to expense	454	479	866	570
Losses charged off	(399)	(309)	(746)	(523)
Recoveries	59	47	105	111
Allowance for loan losses, End of period	3,532	3,080	3,532	3,080
Allowance for loan losses, collectively evaluated for impairment, Ending balance					3,532	3,307	3,080
Total allowance for loan losses	$ 3,418	$ 2,863	$ 3,307	$ 2,922	3,532	3,307	3,080
Loans, collectively evaluated for impairment, Ending balance					359,634	344,240	307,220
Total loans receivable					$ 359,634	$ 344,240	$ 307,220

Loans and Allowance (Troubled D

Loans and Allowance (Troubled Debts Restructured) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)loan	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)loan
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan				1
Pre-Modification Outstanding Recorded Balance				$ 61
Post-Modification Outstanding Recorded Balance				$ 61
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	3	1	4	4
Pre-Modification Outstanding Recorded Balance	$ 41	$ 49	$ 51	$ 187
Post-Modification Outstanding Recorded Balance	$ 43	$ 47	$ 53	$ 187
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan			1	4
Pre-Modification Outstanding Recorded Balance			$ 7	$ 82
Post-Modification Outstanding Recorded Balance			$ 7	$ 94
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan		1	1	1
Pre-Modification Outstanding Recorded Balance		$ 10	$ 17	$ 10
Post-Modification Outstanding Recorded Balance		$ 10	$ 17	$ 10
Consumer [Member] | Boat/RVs [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1	1	2	1
Pre-Modification Outstanding Recorded Balance	$ 37	$ 19	$ 45	$ 19
Post-Modification Outstanding Recorded Balance	$ 37	$ 19	$ 45	$ 19

Loans and Allowance (Newly Rest

Loans and Allowance (Newly Restructured Loans by Type) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Commercial Segment [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term				$ 61
Total modification				61
Consumer [Member] | First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Combination	$ 43	$ 47	$ 53	187
Total modification	43	47	53	187
Consumer [Member] | Second Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term			7	35
Combination				59
Total modification			7	94
Consumer [Member] | Automobile Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term		10		10
Combination			17
Total modification		10	17	10
Consumer [Member] | Boat/RVs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term		19	8	19
Combination	37		37
Total modification	$ 37	$ 19	$ 45	$ 19

Loans and Allowance (Troubled_2

Loans and Allowance (Troubled Debts Restructured Defaulted) (Details) - Consumer [Member] - Boat/RVs [Member]	6 Months Ended
	Jun. 30, 2019USD ($)
Financing Receivable, Modifications [Line Items]
No. of Loans	1
Post-Modification Outstanding Recorded Balance	$ 263,000

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Jun. 30, 2019	Feb. 28, 2018	Dec. 31, 2017
Goodwill	$ 22,310	$ 22,310		$ 1,800
Measurement period adjustment	$ (1,559)
Universal Bancorp [Member]
Goodwill			$ 20,511

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Goodwill [Abstract]
Goodwill, Beginning Balance	$ 1,800
Goodwill acquired	22,069
Measurement period adjustment	(1,559)
Goodwill, Ending Balance	$ 22,310

Accounting for Certain Loans _3

Accounting for Certain Loans Acquired in a Transfer (Schedule of Acquired Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Total loans receivable	$ 1,496,207	$ 1,497,256	$ 1,467,746
Universal Bancorp [Member]
Loans acquired	163,252	179,968
Carrying amount, gross	161,002	177,169
Allowance	(161,002)	(177,169)
Carrying amount net of allowance	161,002	177,169
Commercial Real Estate [Member]
Total loans receivable	498,992	485,808
Real estate [Member]
Total loans receivable	1,054,841	1,080,729
Real estate [Member] | Universal Bancorp [Member]
Loans acquired	152,357	167,639
Real estate [Member] | Commercial Real Estate [Member] | Universal Bancorp [Member]
Loans acquired	107,330	120,249
Other [Member]
Total loans receivable	441,366	416,527
Other [Member] | Universal Bancorp [Member]
Loans acquired	10,895	12,329
Construction Loans [Member] | Commercial Segment [Member]
Total loans receivable	59,072	53,310
Construction Loans [Member] | Real estate [Member] | Commercial Segment [Member] | Universal Bancorp [Member]
Loans acquired	10,447	8,664
First Mortgage [Member] | Consumer [Member]
Total loans receivable	421,559	464,539
First Mortgage [Member] | Real estate [Member] | Consumer [Member] | Universal Bancorp [Member]
Loans acquired	27,344	30,694
Second Mortgage [Member] | Consumer [Member]
Total loans receivable	75,218	77,072
Second Mortgage [Member] | Real estate [Member] | Consumer [Member] | Universal Bancorp [Member]
Loans acquired	7,236	8,032
Automobile Loan [Member] | Consumer [Member]
Total loans receivable	56,855	43,667
Automobile Loan [Member] | Other [Member] | Consumer [Member] | Universal Bancorp [Member]
Loans acquired	805	1,138
Boat/RVs [Member] | Consumer [Member]
Total loans receivable	220,470	216,608
Boat/RVs [Member] | Other [Member] | Consumer [Member] | Universal Bancorp [Member]
Loans acquired	45	97
Other [Member] | Consumer [Member]
Total loans receivable	7,091	6,893
Other [Member] | Other [Member] | Consumer [Member] | Universal Bancorp [Member]
Loans acquired	388	523
Commercial and Industrial [Member] | Commercial Segment [Member]
Total loans receivable	156,950	149,359
Commercial and Industrial [Member] | Other [Member] | Commercial Segment [Member] | Universal Bancorp [Member]
Loans acquired	$ 9,657	$ 10,571

Lease Commitments (Narrative) (

Lease Commitments (Narrative) (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)lease
Number of operating leases identified | lease		16
Operating lease related to occupancy expenses	$ 192,000	$ 362,000
Operating lease related to equipment expenses	$ 41,000	$ 85,000
Minimum
Operating lease, term of contract	1 year	1 year
Maximum
Operating lease, term of contract	7 years	7 years

Lease Commitments (Schedule of

Lease Commitments (Schedule of operating lease financial position) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Lease Commitments [Abstract]
Operating Lease, Right-of-Use Asset	$ 2,990
Operating Lease, Liability	$ 3,005

Lease Commitments (Schedule o_2

Lease Commitments (Schedule of components of operating lease expense) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lease Commitments [Abstract]
Operating lease cost	$ 159	$ 305
Short-term lease cost	22	53
Variable lease cost	41	85
Total operating lease cost	$ 222	$ 443

Lease Commitments (Schedule o_3

Lease Commitments (Schedule of minimum rental commitments) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Lease Commitments [Abstract]
Remaining 2019	$ 407
2020	753
2021	619
2022	530
2023	333
Thereafter	1,215
Total lease payments	3,857
Less: imputed interest	852
Present value of lease liabilities	$ 3,005

Lease Commitments (Schedule o_4

Lease Commitments (Schedule of lease information) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Lease Commitments [Abstract]
Weighted average remaining lease term	11 years 1 month 6 days
Weighted average discount rate	3.71%
Operating cash flows from leases	$ 390

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Derivative Financial Instruments [Abstract]
Notional amount of customer-facing swaps	$ 35,500,000		$ 35,500,000		$ 21,100,000
Swap fee income recognized for the period	$ 32,000	$ 0	$ 83,000	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments (Amounts of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	$ 1,501	$ 599
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability	$ 1,501	$ 599

Other Borrowings (Narrative) (D

Other Borrowings (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Feb. 28, 2018	Dec. 31, 2008
Debt Instrument [Line Items]
Assumed debentures upon acquisition			$ 345,236,000
Notes Payable	$ 9,359,000	$ 9,665,000
Subordinated debt	$ 8,373,000	$ 8,323,000
First Tennessee Bank NA Variable Rate [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Feb. 28, 2023
Debt Instrument, Face Amount	$ 5,000,000
Notes Payable	$ 4,900,000
Debt Instrument, Term	5 years
First Tennessee Bank NA Fixed Rate [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Feb. 28, 2023
Debt Instrument, Face Amount	$ 5,000,000
Notes Payable	$ 4,500,000
Debt Instrument, Term	5 years
Interest rate	4.99%
Debt Instrument, Frequency of Periodic Payment	quarterly principal payments
Medium-term Notes [Member] | First Tennessee Bank NA [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			10,000,000
Medium-term Notes [Member] | First Tennessee Bank NA Variable Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	4.27%	4.35%
3-Month LIBOR [Member] | Medium-term Notes [Member] | First Tennessee Bank NA Variable Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.95%
Pooled Trust Preferred Security [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	4.29%	4.13%
Pooled Trust Preferred Security [Member] | MFB Corporation [Member]
Debt Instrument [Line Items]
Assumed debentures upon acquisition				$ 5,000,000
Subordinated debt	$ 4,300,000
Pooled Trust Preferred Security [Member] | Universal Bancorp [Member]
Debt Instrument [Line Items]
Assumed debentures upon acquisition			$ 5,000,000
Debt instrument maturity date	Oct. 7, 2035
Subordinated debt	$ 4,000,000
Pooled Trust Preferred Security [Member] | Junior Subordinated Debt [Member] | MFB Corporation [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Sep. 15, 2035
Pooled Trust Preferred Security [Member] | 3-Month LIBOR [Member] | Universal Bancorp [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.69%
Pooled Trust Preferred Security [Member] | 3-Month LIBOR [Member] | Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	4.11%	4.49%
Pooled Trust Preferred Security [Member] | 3-Month LIBOR [Member] | Junior Subordinated Debt [Member] | MFB Corporation [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.70%

Other Borrowings (Components of

Other Borrowings (Components of Other Borrowings) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Other Borrowings [Abstract]
Notes Payable	$ 9,359	$ 9,665
Subordinated debentures	8,373	8,323
Other borrowings	$ 17,732	$ 17,988

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]
Net unrealized gain (loss) on securities available for sale	$ 8,336	$ (3,187)
Net unrealized gain relating to defined benefit plan liability	(99)	(99)
Accumulated other comprehensive income before tax	8,237	(3,286)
Tax effect	(1,773)	662
Net of tax amount	$ 6,464	$ (2,624)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Reclassification out of Accumulated Other Comprehensive Income (Loss) Alternate) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Related income tax expense	$ (878)	$ (584)	$ (1,733)	$ (1,169)
Reclassification out of AOCI [Member]
Other Income	422	106	866	260
Related income tax expense	(89)	(22)	(182)	(55)
Net Income	$ 333	$ 84	$ 684	$ 205

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Fair Value Measurement of Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	$ 375,948	$ 370,875
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,501	599
Derivative liability	1,501	599
Fair Value, Inputs, Level 1 | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset
Derivative liability
Fair Value, Inputs, Level 2 | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,501	599
Derivative liability	1,501	599
Fair Value, Inputs, Level 3 | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset
Derivative liability
Mortgage-backed securities, Government sponsored agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	110,145	104,343
Mortgage-backed securities, Government sponsored agencies | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Mortgage-backed securities, Government sponsored agencies | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	110,145	104,343
Mortgage-backed securities, Government sponsored agencies | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Collateralized mortgage obligations, Government sponsored agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	104,294	109,281
Collateralized mortgage obligations, Government sponsored agencies | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Collateralized mortgage obligations, Government sponsored agencies | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	104,294	109,281
Collateralized mortgage obligations, Government sponsored agencies | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Municipals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	159,158	154,896
Municipals | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Municipals | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	159,158	154,896
Municipals | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	2,351	2,355
Corporate obligations | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale
Corporate obligations | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	$ 2,351	$ 2,355

Fair Values of Financial Inst_4

Fair Values of Financial Instruments (Reconciliation of Recurring Fair Value Measurements Recognized in Balance Sheet using Significant Unobservable (Level Three) Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Total realized and unrealized gains (losses)
Beginning balance	$ 2,353	$ 2,721	$ 2,355	$ 2,721
Included in net income
Included in other comprehensive income (loss)
Purchases, issuances and settlements	(2)	0	(4)	0
Ending balance	2,351	2,721	2,351	2,721
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date

Fair Values of Financial Inst_5

Fair Values of Financial Instruments (Quantitative Information about Unobservable Inputs used in Recurring and Nonrecurring Level Three Fair Value Measurements) (Details)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	$ 375,948,000	$ 370,875,000
Pooled Trust Preferred Securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	$ 2,351,000	$ 2,355,000
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Pooled Trust Preferred Securities | Discount rate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0.068	0.068
Pooled Trust Preferred Securities | Constant prepayment rate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0.020	0.020
Pooled Trust Preferred Securities | Cumulative projected prepayment rate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0.400	0.400
Pooled Trust Preferred Securities | Default rate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0.017	0.017
Pooled Trust Preferred Securities | Projected cures given deferral | Fair Value, Inputs, Level 3 | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0	0
Pooled Trust Preferred Securities | Projected cures given deferral | Fair Value, Inputs, Level 3 | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0.150	0.150
Pooled Trust Preferred Securities | Loss Severity [Member] | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	0.214	0.214

Fair Values of Financial Inst_6

Fair Values of Financial Instruments (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Amount [Member]
Assets
Cash and cash equivalents	$ 32,944	$ 33,414
Interest-bearing deposits	4,277	4,239
Loans held for sale	38,744	3,987
Loans	1,485,703	1,482,662
FHLB stock	13,115	13,034
Interest receivable	7,221	6,940
Liabilities
Deposits	1,576,013	1,519,225
FHLB advances	260,615	292,497
Other borrowings	17,732	17,988
Interest payable	782	1,075
Estimate of Fair Value Measurement [Member]
Assets
Cash and cash equivalents	32,944	33,414
Interest-bearing deposits	4,277	4,239
Loans held for sale	39,046	4,011
Loans	1,459,257	1,456,270
FHLB stock	13,115	13,034
Interest receivable	7,221	6,940
Liabilities
Deposits	1,576,477	1,514,852
FHLB advances	261,098	290,092
Other borrowings	17,351	17,665
Interest payable	782	1,075
Fair Value, Inputs, Level 1 | Estimate of Fair Value Measurement [Member]
Assets
Cash and cash equivalents	32,944	33,414
Interest-bearing deposits	4,277	4,239
Liabilities
Deposits	1,059,166	1,030,785
Fair Value, Inputs, Level 2 | Estimate of Fair Value Measurement [Member]
Assets
Loans held for sale	39,046	4,011
FHLB stock	13,115	13,034
Interest receivable	7,221	6,940
Liabilities
FHLB advances	261,098	290,092
Other borrowings	17,351	17,665
Interest payable	782	1,075
Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement [Member]
Assets
Loans	1,459,257	1,456,270
Liabilities
Deposits	517,311	484,067
Interest Rate Swap [Member]
Assets
Interest rate swap asset	1,501	599
Liabilities
Interest rate swap liability	1,501	599
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1
Assets
Interest rate swap asset
Liabilities
Interest rate swap liability
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2
Assets
Interest rate swap asset	1,501	599
Liabilities
Interest rate swap liability	1,501	599
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3
Assets
Interest rate swap asset
Liabilities
Interest rate swap liability