Mutualfirst Financial (MFSF) 10-K 12 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 12, 2020	Jun. 30, 2019
Document Document And Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 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		8,607,953
Entity Central Index Key	0001094810
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 195

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 11,192	$ 13,078
Interest-bearing demand deposits	21,131	20,336
Cash and cash equivalents	32,323	33,414
Interest-bearing time deposits	3,496	4,239
Investment securities available for sale (carried at fair value)	385,622	370,875
Loans held for sale	13,397	3,987
Loans, net of allowance for loan losses of $13,307 and $13,281, at December 31, 2019 and December 31, 2018, respectively	1,476,925	1,482,662
Premises and equipment, net	24,505	25,641
Federal Home Loan Bank stock	13,115	13,034
Deferred tax asset, net	5,146	7,744
Cash value of life insurance	60,740	60,160
Goodwill	22,310	22,310
Core deposit intangibles	2,790	3,569
Other real estate owned and repossessed assets	1,995	2,013
Other assets	21,412	19,665
Total assets	2,063,776	2,049,313
Deposits
Noninterest-bearing	261,600	259,909
Interest-bearing	1,291,878	1,259,316
Total deposits	1,553,478	1,519,225
Federal Home Loan Bank advances	245,879	292,497
Other borrowings	17,573	17,988
Other liabilities	20,034	17,240
Total liabilities	1,836,964	1,846,950
Commitments and Contingencies
Stockholders' Equity
Common stock, $0.01 par value Authorized - 20,000,000 shares Issued and outstanding - 8,607,953 and 8,603,462 shares at December 31, 2019 and December 31, 2018, respectively	86	86
Additional paid-in capital	114,667	117,883
Retained earnings	103,909	87,018
Accumulated other comprehensive income (loss)	8,150	(2,624)
Total stockholders' equity	226,812	202,363
Total liabilities and stockholders' equity	$ 2,063,776	$ 2,049,313

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Allowance for loan losses	$ 13,307	$ 13,281
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	20,000,000	20,000,000
Common stock, shares Issued	8,607,953	8,603,462
Common stock, shares outstanding	8,607,953	8,603,462

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest and Dividend Income
Loans receivable	$ 73,623,000	$ 68,474,000	$ 51,231,000
Investment securities	10,723,000	10,363,000	7,037,000
Federal Home Loan Bank stock	692,000	606,000	470,000
Deposits with financial institutions	291,000	251,000	130,000
Total interest and dividend income	85,329,000	79,694,000	58,868,000
Interest Expense
Deposits	15,119,000	10,856,000	6,815,000
Federal Home Loan Bank advances	4,950,000	4,869,000	3,604,000
Other	963,000	866,000	192,000
Total interest expense	21,032,000	16,591,000	10,611,000
Net Interest Income	64,297,000	63,103,000	48,257,000
Provision for loan losses	1,950,000	2,120,000	1,220,000
Net Interest Income After Provision for Loan Losses	62,347,000	60,983,000	47,037,000
Non-interest Income
Net realized gain on sales of available for sale securities	1,014,000	804,000	708,000
Net gains on sales of loans	5,871,000	3,126,000	3,887,000
Net servicing fees	595,000	591,000	391,000
Increase in cash value of life insurance	1,239,000	1,239,000	1,113,000
Loss on sale of other real estate and repossessed assets	(19,000)	(43,000)	(122,000)
Other income	2,485,000	1,055,000	488,000
Total non-interest income	24,921,000	19,574,000	18,076,000
Non-interest Expenses
Salaries and employee benefits	36,313,000	32,964,000	27,229,000
Net occupancy expenses	4,055,000	3,965,000	3,133,000
Equipment expenses	2,441,000	2,514,000	1,773,000
Data processing fees	2,613,000	2,624,000	2,321,000
ATM and debit card expenses	2,334,000	2,290,000	1,676,000
Deposit insurance	413,000	898,000	724,000
Professional fees	2,706,000	2,177,000	1,855,000
Advertising and promotion	1,323,000	1,606,000	1,223,000
Software subscriptions and maintenance	3,014,000	2,719,000	2,202,000
Intangible amortization	779,000	1,103,000	264,000
Other real estate and repossessed assets	256,000	189,000	165,000
Other expenses	4,911,000	5,684,000	3,440,000
Total non-interest expenses	61,158,000	58,733,000	46,005,000
Income Before Income Tax	26,110,000	21,824,000	19,108,000
Income tax expense	2,359,000	2,960,000	6,793,000
Net Income	$ 23,751,000	$ 18,864,000	$ 12,315,000
Earnings Per Common Share
Basic	$ 2.77	$ 2.25	$ 1.67
Diluted	2.74	2.21	1.64
Dividends Per Common Share	$ 0.80	$ 0.74	$ 0.66
Service Fees [Member]
Non-interest Income
Non-interest income	$ 8,949,000	$ 7,937,000	$ 6,584,000
Commissions [Member]
Non-interest Income
Non-interest income	$ 4,787,000	$ 4,865,000	$ 5,027,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 23,751	$ 18,864	$ 12,315
Other Comprehensive Income (Loss)
Net unrealized holding gain (loss) on securities available for sale	14,878	(2,912)	3,112
Reclassification adjustment for realized gains included in net income	(1,014)	(804)	(708)
Net unrealized loss related to defined benefit plan	(215)	(109)	(20)
Other comprehensive income (loss), before tax, total	13,649	(3,825)	2,384
Income tax benefit (expense) related to other comprehensive income	(2,875)	820	(749)
Other comprehensive income (loss), net of tax	10,774	(3,005)	1,635
Comprehensive Income	$ 34,525	$ 15,859	$ 13,950

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, 2016	$ 73	$ 74,164	$ 67,055	$ (1,254)	$ 140,038
Net Income			12,315		12,315
Other comprehensive income (loss), net of taxes				1,635	1,635
Stock options, exercised	1	1,155			1,156
Cash dividends, common stock			(4,862)		(4,862)
Ending Balance at Dec. 31, 2017	74	75,319	74,508	381	150,282
Net Income			18,864		18,864
Other comprehensive income (loss), net of taxes				(3,005)	(3,005)
Stock options, exercised		253			253
Cash dividends, common stock			(6,354)		(6,354)
Issuance of commons stock related to acquisition	12	42,311			42,323
Ending Balance at Dec. 31, 2018	86	117,883	87,018	(2,624)	202,363
Net Income			23,751		23,751
Other comprehensive income (loss), net of taxes				10,774	10,774
Stock repurchased	(1)	(4,261)			(4,262)
Stock options, exercised	1	1,045			1,046
Cash dividends, common stock			(6,860)		(6,860)
Ending Balance at Dec. 31, 2019	$ 86	$ 114,667	$ 103,909	$ 8,150	$ 226,812

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Condensed Statement of Changes in Stockholders' Equity [Abstract]
Cash dividends, common stock, per share	$ 0.80	$ 0.74	$ 0.66

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Activities
Net income	$ 23,751	$ 18,864	$ 12,315
Items not requiring cash
Provision for loan losses	1,950	2,120	1,220
Depreciation and amortization	6,689	5,634	4,278
Deferred income tax	(277)	3,465	3,562
Increase in cash value of life insurance	(1,239)	(1,239)	(1,113)
Net accretion of purchase accounting adjustments	31	(439)	264
Loans originated for sale	(216,107)	(122,172)	(116,887)
Proceeds from sales of loans held for sale	212,063	125,450	119,711
Net gain on sale of loans	(5,871)	(3,126)	(3,887)
Net gain on sale of securities, available for sale	(1,014)	(804)	(708)
Gain on bank owned life insurance	(738)	(327)
Loss on sale of other real estate and repossessed assets	19	43	122
Change in
Interest receivable and other assets	3,562	(1,798)	619
Interest payable and other liabilities	(2,302)	1,293	287
Other adjustments	231	164	259
Net cash provided by operating activities	20,748	27,128	20,042
Investing Activities
Net change in interest-bearing time deposits	743	6,361	(860)
Purchases of securities, available for sale	(76,520)	(108,809)	(86,499)
Proceeds from maturities and paydowns of securities, available for sale	44,156	31,920	26,622
Proceeds from sales of securities, available for sale	30,833	67,002	34,592
Purchase of Federal Home Loan Bank stock	(81)	(214)	(258)
Net change in loans	(27,333)	(66,903)	(32,901)
Net cash and cash equivalents paid in acquisition		(7,673)
Proceeds from sales of portfolio loans	26,624		18,543
Purchases of premises and equipment	(1,538)	(1,466)	(1,809)
Proceeds from sale of real estate owned and repossessed assets	2,703	1,598	980
Proceeds from bank owned life insurance	1,397	1,669
Proceeds from sale of premises and equipment	375	67
Net cash provided by (used in) investing activities	1,359	(76,273)	(41,079)
Net change in
Noninterest-bearing, interest-bearing demand and savings deposits	20,041	(33,214)	50,235
Certificates of deposit	14,071	35,176	(1,583)
Proceeds from FHLB advances	397,700	545,500	414,700
Repayments of FHLB advances	(444,419)	(495,808)	(438,128)
Proceeds from other borrowings		10,000
Repayments of other borrowings	(515)	(335)
Cash dividends	(6,860)	(6,354)	(4,862)
Stock options exercised	1,046	253	1,156
Stock repurchased	(4,262)
Net cash provided by (used in) financing activities	(23,198)	55,218	21,518
Net Change in Cash and Cash Equivalents	(1,091)	6,073	481
Cash and Cash Equivalents, Beginning of Period	33,414	27,341	26,860
Cash and Cash Equivalents, End of Period	32,323	33,414	27,341
Additional Cash Flows Information
Interest paid	21,036	15,972	10,505
Income tax paid	1,500	350	2,500
Transfers from loans to loans held for sale	26,937
Transfers from loans to foreclosed assets	2,414	1,879	624
Mortgage servicing rights capitalized	818	438	$ 549
Right of use assets obtained in exchange for lease obligations	$ 3,603
Fair value of assets acquired		406,558
Cash paid in acquisition		(18,999)
Common stock issued		(42,323)
Liabilities assumed		$ 345,236

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Nature of Operations and Summary of Significant Accounting Policies The accounting and reporting policies of MutualFirst Financial, Inc. (Company) and its wholly owned subsidiaries, MFBC Statutory Trust I, MutualFirst Risk Management, Inc., Mutual Risk Advisors, Inc., and MutualBank (Bank) and the Bank’s wholly owned subsidiaries, Mishawaka Financial Services, Inc., Mutual Federal Investment Company and the wholly owned subsidiary of Mutual Federal Investment Company, Mutual Federal REIT, Inc. and Summit Service Corp. and their wholly owned subsidiary, Summit Mortgage, Inc., 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. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, goodwill, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, loan servicing rights, valuation of deferred tax assets, other-than-temporary impairments (OTTI) and fair value of financial instruments. The Bank generates mortgage, consumer and commercial loans and receives deposits from customers located primarily in north, central and southern Indiana. The Bank’s loans are generally secured by specific items of collateral including real property, consumer assets and business assets. Mutual Federal Investment Company invests in various investment securities and loans through Mutual Federal REIT, Inc. Consolidation - The consolidated financial statements include the accounts of the Company, the Bank, and the Bank’s subsidiaries, after elimination of all material intercompany transactions. Cash Equivalents - The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2019 and 2018, cash equivalents consisted primarily of money market accounts with brokers and checking accounts with government sponsored entities. At December 31, 2019, the Company’s cash accounts exceeded federally insured limits by approximately $4.7 million. Included in this amount are uninsured accounts of approximately $3.8 million at the Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis. Interest-bearing time deposits – The fair value of interest-bearing time deposits approximates carrying value. Derivative Instruments – The Company occasionally enters into derivative financial instruments as part of its interest rate risk strategies. These derivative financial instruments consist primarily of interest rate swaps. These instruments are carried at the fair value of the derivatives and reflects the estimated amounts that would have been received to terminate these contracts at the reporting date based upon pricing or valuation models applied to current market information. The Company offers interest rate derivative products (e.g. interest rate swaps) to certain of its high-quality commercial borrowers. This product allows customers to enter into an agreement with the Company to swap their variable rate loan to a fixed rate. These derivative products are designed to reduce, eliminate or modify the risk of changes in the borrower’s interest rate. The extension of credit incurred through the execution of these derivative products is subject to the same approvals and rigorous underwriting standards as the related traditional credit product. The Company limits its risk exposure to these products by entering into a mirror-image, offsetting swap agreement with a separate, well-capitalized and rated counterparty. These transactions are ratified by the Asset Liability Committee. By using these interest rate swap arrangements, the Company is also better insulated from the interest rate risk associated with underwriting fixed-rate loans. These derivative products do not qualify for hedge accounting. The derivatives are recorded on the balance sheet at fair value and changes in fair value of both the customer and the offsetting swap agreements are recorded (and essentially offset) in non-interest income. Investment Securities - Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. At December 31, 2019 and 2018, no securities were classified as held to maturity. Securities not classified as held to maturity, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income, net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. When the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held to maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. The Company’s consolidated statement of income reflects the full impairment (that is, the differences between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available for sale and held to maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. For equity securities, when the Company has decided to sell an impaired available for sale security and does not expect the fair value of the security to fully recover before the expected time of sale, the security is deemed other-than-temporarily impaired in the period in which the decision to sell is made. The Company recognizes an impairment loss when the impairment is deemed other than temporary even if a decision to sell has not been made. Declines in the fair value of securities below their cost that are other-than-temporary are reflected as realized losses. In estimating other-than-temporary losses, management considers the length of time and extent that fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the Company’s ability and intent to hold the security for a period sufficient to allow for any anticipated recovery in fair value. Loans held for sale are carried at the lower of aggregate cost or market. Market is determined using the aggregate method. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income based on the difference between estimated sales proceeds and aggregate cost. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on mortgage, consumer and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual 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. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Discounts and premiums on purchased residential real estate and commercial loans is amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method. Acquisition accounting and acquired loans – We account for our acquisitions under FASB ASC Topic 805, Business Combinations , which requires the use of the acquisition method of accounting. All identifiable assets acquired, including loans, are recorded at fair value. No allowance for loan losses related to the acquired loans is recorded on the acquisition date as the fair value methodology prescribed in FASB ASC Topic 820, Fair Value Measurements . The fair value estimates associated with the loans include estimates related to expected prepayments and the amount and timing of undiscounted expected principal, interest and other cash flows. Allowance for loan losses - The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. 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 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 historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior three years. Management believes the three year historical loss experience methodology is appropriate in the current economic environment, as it captures loss rates that are comparable to the current period being analyzed. 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 allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the ability to collect the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Premises and equipment are carried at cost net of accumulated depreciation. Depreciation is computed using the straight-line method based principally on the estimated useful lives of the assets which range from 3 to 50 years. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are included in current operations. Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank (FHLB) system. The required investment in the common stock is based on a predetermined formula, carried at cost and is evaluated for impairment. Mortgage-servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance, servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with net servicing fees on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Intangible assets are being amortized on an accelerated basis over periods ranging from three to 15 years. Such assets are periodically evaluated as to the recoverability of their carrying value. Goodwill is maintained by applying the provisions of ASC 350, Intangibles – Goodwill and Other. For purchase acquisitions, the Corporation is required to record the assets acquired, including identified intangible assets, and the liabilities assumed at their fair value, which in many instances involves estimates based on third party valuations, such as appraisals, or internal valuations based on discounted cash flow analysis or other valuation techniques that may include estimates of attrition, inflation, asset growth rates or other relevant factors. In addition, the determination of the useful lives for which an intangible asset will be amortized is subjective. Under ASC 350, the Corporation is required to evaluate goodwill for impairment on an annual basis, as well as on an interim basis, if events or changes indicate that the asset may be impaired, indicating that the carrying value may not be recoverable. The Corporation has elected to test for goodwill impairment as of November 30 of each year and has determined that no impairment exists. Income taxes are accounted for in accordance with income tax accounting guidance. The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred tax assets are evaluated on a quarterly basis for recoverability based on all available evidence. This process involves significant management judgment about assumptions that are subject to change from period to period based on changes in tax laws or variances between our future projected operating performance and our actual results. We are required to establish a valuation allowance for deferred tax assets if we determine, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining the more-likely-than-not criterion, we evaluate all positive and negative available evidence as of the end of each reporting period. Future adjustments to the deferred tax asset valuation allowance, if any, will be determined based upon changes in the expected realization of the net deferred tax assets. The realization of the deferred tax assets ultimately depends on the existence of sufficient taxable income in either the carry back or carry forward periods under applicable tax laws. Due to significant estimates utilized in establishing the valuation allowance and the potential for changes in facts and circumstances, it is reasonably possible that we will be required to record adjustments to the valuation allowance in the near term if estimates of future taxable income during the carry forward period are reduced. Such a charge could have a material adverse effect on our results of operations, financial condition, and capital position. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries. Revenue Recognition The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. The Company’s principal source of revenue is interest income from loans and leases and investment securities. The Company also earns noninterest income from various banking and financial services offered primarily through the Bank and its subsidiaries. Interest Income – The largest source of revenue for the Company is interest income which is primarily recognized on an accrual basis according to nondiscretionary formulas in written contracts, such as loan and lease agreements or investment securities contracts. Noninterest Income – The Company earns noninterest income through a variety of financial and transaction services provided to business and consumer clients such as trust and wealth advisory, deposit account, debit card, and mortgage banking. Revenue is recorded for noninterest income based on the contractual terms for the service or transaction performed. In certain circumstances, noninterest income is reported net of associated expenses. Earnings per share is computed based upon the weighted-average common and common equivalent shares outstanding during each year. Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized gains (losses) on available for sale securities, unrealized gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in income, unrealized and realized gains and losses in derivative financial instruments and changes in the funded status of defined benefit pension plans. Stock options - The Company has stock-based employee compensation plans, which are described more fully in Note 24 of these Notes to Consolidated Financial Statements.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Business Combinations	Note 2: Business Combinations Universal Bancorp 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 $340,000 and $2.4 million in pretax expenses related to the acquisition during 2019 and 2018, respectively. These expenses are classified in the non-interest expense section of the income statement, primarily in salaries and employee benefits, 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 preliminary 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 became available which indicated adjustments were required to the purchase price allocation, such adjustments would 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 were no measurement period adjustments in 2019. Measurement period adjustments 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 is accreted into income for the performing loans or utilized for charging off non-performing loans. Definitive Merger Agreement On a Form 8-K Under the terms of the Merger Agreement, each share of common stock of MutualFirst will be converted into the right to receive 2.4 shares of Northwest Bancshares’s common stock, for total consideration valued at approximately $346 million at the date of the announcement. The Merger Agreement has been approved by the Boards of Directors of Northwest Bancshares and MutualFirst. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of stockholders of MutualFirst. The parties anticipate completing the Merger during the second quarter 2020. MutualFirst has also agreed not to (i) solicit proposals relating to alternative business combination transactions involving MutualFirst or Mutual or (ii) subject to certain exceptions, enter into discussions or an agreement concerning, or to provide confidential information in connection with, any proposals for alternative business combination transactions involving MutualFirst or Mutual.

Impact of Accounting Pronouncem

Impact of Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
Impact of Accounting Pronouncements [Abstract]
Impact of Accounting Pronouncements	Note 3: Impact of Accounting Pronouncements In December 2019, the Financial Accounting Standards Board ("FASB") issued Account Standards Update ("ASU") 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition for deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This guidance is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted. This ASU is not expected to have a significant impact on the Company's financial statements. In March 2019, the FASB issued 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 has assessed adoption of ASU 2018‑13 and it will not have a material effect on the Company's consolidated financial statements. In June 2016, the Financial Accounting Standards Board 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 was originally effective for the Company for interim and annual periods beginning in the first quarter of 2020, but on October 16, 2019, FASB approved a final ASU delaying the effective date for smaller reporting companies (as defined by the SEC), such as the Company. In November 2019, the FASB issued ASU No. 2019-10 which delayed the effective date of this ASU 2016-13 for the Company until fiscal years beginning after December 15, 2022. In November 2019, FASB issued ASU 2019-11, Codification Improvements to Financial Instruments – Credit Losses (Topic 326). This ASU clarifies guidance around how to report expected recoveries in which an organization recognizes a full or partial write-off of the amortized cost basis of a financial asset, but later determines that the write-off, or portion of the amount, will be recovered. This ASU permits organizations to record expected recoveries on Purchased Credit Deteriorated (PCD) financial assets, also. The ASU reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities, as well. This ASU is effective for the Company for fiscal years after December 15, 2022. Early adoption is permitted. The Company was in the process of implementing a third-party software solution to assist in the application of the new standard for implementation in 2023, however this has been put on hold, due to the pending merger of the Company with Northwest Bancshares. 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.

Restriction on Cash

Restriction on Cash	12 Months Ended
	Dec. 31, 2019
Restriction on Cash [Abstract]
Restriction on Cash	Note 4: Restriction on Cash The Bank is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank of Chicago. The reserve requirement at December 31, 2019 was $3.5 million.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 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 as follows: December 31, 2019 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 124,096 $ 1,940 $ (235) $ 125,801 Collateralized mortgage obligations 91,013 562 (202) 91,373 Municipal obligations 156,845 9,417 (12) 166,250 Corporate obligations 2,991 - (793) 2,198 Total investment securities $ 374,945 $ 11,919 $ (1,242) $ 385,622 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 All mortgage-backed securities and collateralized-mortgage obligations held by the Company as of December 31, 2019 were in government-sponsored and federal agency securities. 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 December 31, 2019 and 2018 was $64.4 million and $206.9 million, which is approximately 16.7% and 55.8% 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 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 December 31, 2019 and 2018: December 31, 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 $ 8,718 $ (28) $ 16,925 $ (207) $ 25,643 $ (235) Collateralized mortgage obligations 16,708 (56) 17,296 (146) 34,004 (202) Municipal obligations 2,555 (12) - - 2,555 (12) Corporate obligations - - 2,198 (793) 2,198 (793) Total temporarily impaired securities $ 27,981 $ (96) $ 36,419 $ (1,146) $ 64,400 $ (1,242) 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 investment in CMOs and MBSs 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 these investments to be other-than-temporarily impaired at December 31, 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. At December 31, 2019, the Company does not intend to sell the investments and it is not 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 December 31, 2019. Corporate Obligations The Company’s unrealized loss on investments in corporate obligations primarily relates to an investment in a pooled trust preferred security. The unrealized losses were primarily due to illiquidity. Other-Than-Temporary Impairment 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 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 private-label mortgage-backed securities and trust preferred securities. The Bank’s trust preferred securities 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. The Company 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 no active market 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 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. The default and recovery probabilities for each piece of collateral were formed based on the evaluation of the collateral credit and a review of historical industry default data and current/near-term operating conditions. For collateral that has already defaulted, the Company assumed no recovery. For collateral that was in deferral, the Company assumed a recovery of 10% of par for banks, thrifts or other depository institutions and 15% of par for insurance companies. Although the Company conservatively assumed that the majority of the deferring collateral continues to defer and eventually defaults, we also recognize there is a possibility that some deferring collateral may become current at some point in the future. The amortized cost and fair value of securities available for sale at December 31, 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 952 1,002 Five to ten years 17,197 17,939 After ten years 141,687 149,507 159,836 168,448 Mortgage-backed securities 124,096 125,801 Collateralized mortgage obligations 91,013 91,373 Totals $ 374,945 $ 385,622 The carrying value of securities pledged as collateral, to secure swap position was $2.7 million as of December 31, 2019. The Company did not have securities pledged as collateral as of December 31, 2018. Proceeds from sales of securities available for sale during 2019, 2018 and 2017 were $30.8 million, $67.0 million and $34.6 million, respectively. Gross gains of $1.0 million, $892,000 and $776,000 in 2019, 2018 and 2017 were recognized on those sales. Gross losses of $5,000, $88,000 and $68,000 were recognized on those sales in 2019, 2018 and 2017, respectively.

Loans and Allowance

Loans and Allowance	12 Months Ended
	Dec. 31, 2019
Loans and Allowance [Abstract]
Loans and Allowance	Note 6: Loans and Allowance Classes of loans at December 31, 2019 and 2018 include: December 31, December 31, 2019 2018 Real estate Commercial $ 504,241 $ 485,808 Commercial construction and development 49,496 53,310 Consumer closed end first mortgage 415,865 464,539 Consumer open end and junior liens 75,596 77,072 Total real estate loans 1,045,198 1,080,729 Other loans Consumer loans Auto 57,107 43,667 Boat/RVs 213,305 216,608 Other consumer loans 7,319 6,893 Commercial and industrial 166,019 149,359 Total other loans 443,750 416,527 Total loans 1,488,948 1,497,256 Undisbursed loans in process (7,516) (10,096) Unamortized deferred loan costs, net 8,800 8,783 Allowance for loan losses (13,307) (13,281) Net loans $ 1,476,925 $ 1,482,662 Year-end non-accrual loans, segregated by class of loans, were as follows: December 31, December 31, 2019 2018 Real estate Commercial $ 756 $ 4,782 Commercial construction and development 631 62 Consumer closed end first mortgage 3,682 2,777 Consumer open end and junior liens 352 273 Other loans Consumer loans Auto 256 88 Boat/RVs 944 470 Other consumer loans 51 46 Commercial and industrial 368 91 Total nonaccrual loans $ 7,040 $ 8,589 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 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 and generally only after six months of satisfactory performance. An age analysis of the Company’s past due loans, segregated by class of loans, as of December 31, 2019 and 2018 are as follows: December 31, 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 $ 2,218 $ 2,751 $ 422 $ 5,391 $ 498,850 $ 504,241 $ - Commercial construction and development 114 - 631 745 48,751 49,496 - Consumer closed end first mortgage 5,731 1,774 2,294 9,799 406,066 415,865 156 Consumer open end and junior liens 447 220 308 975 74,621 75,596 - Other loans Consumer loans Auto 424 104 208 736 56,371 57,107 - Boat/RVs 1,892 692 475 3,059 210,246 213,305 - Other consumer loans 128 68 49 245 7,074 7,319 - Commercial and industrial 855 108 368 1,331 164,688 166,019 - Total $ 11,809 $ 5,717 $ 4,755 $ 22,281 $ 1,466,667 $ 1,488,948 $ 156 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 - Other loans 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 commercial 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 December 31, 2019, 2018 and 2017: December 31, 2019 Average Unpaid Investment Interest Recorded Principal Specific in Impaired Income Balance Balance Allowance Loans Recognized Loans without a specific valuation allowance Real estate Commercial $ 5,542 $ 5,542 $ - $ 5,878 $ 377 Commercial construction and development 642 642 - 496 17 Consumer closed end first mortgage 844 844 - 903 - Other loans Commercial and industrial 44 44 - 86 2 Loans with a specific valuation allowance Real estate Consumer closed end first mortgage 337 337 40 269 - Other loans Consumer loans Boat and RV 251 251 87 101 - Total Real estate Commercial $ 5,542 $ 5,542 $ - $ 5,878 $ 377 Commercial construction and development $ 642 $ 642 $ - $ 496 $ 17 Consumer closed end first mortgage $ 1,181 $ 1,181 $ 40 $ 1,172 $ - Other loans Consumer loans Boat and RV $ 251 $ 251 $ 87 $ 101 $ - Commercial and industrial $ 44 $ 44 $ - $ 86 $ 2 Total $ 7,660 $ 7,660 $ 127 $ 7,733 $ 396 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 December 31, 2017 Average Unpaid Investment Interest Recorded Principal Specific in Impaired Income Balance Balance Allowance Loans Recognized Loans without a specific valuation allowance Real estate Commercial $ 878 $ 878 $ - $ 765 $ 1 Commercial construction and development 700 700 - 762 33 Consumer closed end first mortgage 1,543 1,543 - 1,451 1 Commercial and industrial 272 342 - 216 5 Loans with a specific valuation allowance Real estate Commercial 214 214 100 214 - Total Real estate Commercial $ 1,092 $ 1,092 $ 100 $ 979 $ 1 Commercial construction and development $ 700 $ 700 $ - $ 762 $ 33 Consumer closed end first mortgage $ 1,543 $ 1,543 $ - $ 1,451 $ 1 Commercial and industrial $ 272 $ 342 $ - $ 216 $ 5 Total $ 3,607 $ 3,677 $ 100 $ 3,408 $ 40 The following information presents the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2019 and 2018. 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. December 31, 2019 Commercial Consumer Special Pass Mention Substandard Doubtful Pass Substandard Total Real estate Commercial $ 469,840 $ 21,837 $ 12,564 $ - $ 504,241 Commercial construction and development 46,384 2,112 1,000 - 49,496 Consumer closed end first mortgage $ 411,372 $ 4,493 415,865 Consumer open end and junior liens 75,188 408 75,596 Other loans Consumer loans Auto 56,836 271 57,107 Boat/RVs 212,098 1,207 213,305 Other consumer loans 7,265 54 7,319 Commercial and industrial 158,312 3,205 4,502 - 166,019 $ 674,536 $ 27,154 $ 18,066 $ - $ 762,759 $ 6,433 $ 1,488,948 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 The risk characteristics of each loan portfolio segment are as follows: Commercial Loans Commercial real estate 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. Commercial 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 business 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. Residential and Consumer With respect to residential loans that are secured by one-to-four family residences and are primarily owner occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance (PMI) if that ratio is exceeded. Consumer open end and junior lien loans are typically secured by a subordinate interest in one-to-four 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. The following tables detail activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2019, 2018 and 2017. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses on other segments. December 31, 2019 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 8,426 $ 1,548 $ 3,307 $ 13,281 Provision charged (credited) to expense 322 (79) 1,707 1,950 Losses charged off (202) (241) (1,714) (2,157) Recoveries 28 4 201 233 Balance, end of period $ 8,574 $ 1,232 $ 3,501 $ 13,307 December 31, 2018 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 7,704 $ 1,761 $ 2,922 $ 12,387 Provision charged (credited) to expense 914 (57) 1,263 2,120 Losses charged off (204) (174) (1,088) (1,466) Recoveries 12 18 210 240 Balance, end of period $ 8,426 $ 1,548 $ 3,307 $ 13,281 December 31, 2017 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 7,358 $ 2,303 $ 2,721 $ 12,382 Provision charged (credited) to expense 483 (271) 1,008 1,220 Losses charged off (161) (284) (967) (1,412) Recoveries 24 13 160 197 Balance, end of period $ 7,704 $ 1,761 $ 2,922 $ 12,387 The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of December 31, 2019, 2018 and 2017. December 31, 2019 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ - $ 40 $ 87 $ 127 Collectively evaluated for impairment 8,574 1,192 3,414 13,180 Total allowance for loan losses $ 8,574 $ 1,232 $ 3,501 $ 13,307 Loan balances Individually evaluated for impairment $ 6,228 $ 1,181 $ 251 $ 7,660 Collectively evaluated for impairment 713,528 414,684 353,076 1,481,288 Gross loans $ 719,756 $ 415,865 $ 353,327 $ 1,488,948 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 December 31, 2017 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 7,604 1,761 2,922 12,287 Total allowance for loan losses $ 7,704 $ 1,761 $ 2,922 $ 12,387 Loan balances Individually evaluated for impairment $ 2,064 $ 1,543 $ - $ 3,607 Collectively evaluated for impairment 475,863 442,700 264,543 1,183,106 Gross loans $ 477,927 $ 444,243 $ 264,543 $ 1,186,713 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. If a loan is on accrual at the time of the modification, the loan is evaluated to determine the collection of principal and interest is reasonably assured and generally stays on accrual. At December 31, 2019 and 2018, the Company had a number of loans that were modified in troubled debt restructurings and impaired. The modification of terms of such loans included one or a combination of the following: an extension of maturity, a reduction of the stated interest rate or a permanent reduction of the recorded investment in the loan. The following tables describe troubled debts restructured during the years ended December 31, 2019, 2018 and 2017. 2019 Pre-Modification Post-Modification No. of Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 5 $ 131 $ 134 Consumer open end and junior liens 2 33 33 Other loans Consumer Loans Auto 3 25 25 Boat/RVs 4 316 316 Other consumer loans 1 10 10 Commercial and industrial 1 49 49 2018 Pre-Modification Post-Modification No. of Loans Recorded Balance Recorded Balance Real estate Commercial 1 $ 26 $ 30 Consumer closed end first mortgage 9 381 388 Consumer open end and junior liens 4 82 94 Other loans Consumer loans Auto 3 31 30 Boat/RVs 6 353 348 Other consumer loans 1 4 4 Commercial and industrial 1 60 61 2017 Pre-Modification Post-Modification No. of Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 7 $ 320 $ 324 Consumer open end and junior liens 2 16 16 Other loans Commercial and industrial 1 72 72 The impact on the allowance for loan losses was insignificant as a result of these modifications. Newly restructured loans by type for the years ended December 31, 2019, 2018 and 2017 are as follows: 2019 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 134 $ 134 Consumer open end and junior liens - 7 26 33 Other loans Consumer loans Auto - 8 17 25 Boat/RVs - 16 300 316 Other consumer loans - 10 - 10 Commercial and industrial - 49 - 49 2018 Total Rate Term Combination Modification Real estate Commercial $ - $ 30 $ - $ 30 Consumer closed end first mortgage - 38 350 388 Consumer open end and junior liens - 35 59 94 Other loans Consumer loans Auto - 30 - 30 Boat/RVs - 321 27 348 Other consumer loans 4 - 4 Commercial and industrial - 61 - 61 2017 Total Rate Term Combination Modification Real Estate Consumer closed end first mortgage $ - $ 27 $ 297 $ 324 Consumer open end and junior liens - 3 13 16 Other loans Commercial and industrial - 72 - 72 Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2019, 2018 and 2017, respectively, are listed in the tables below. Defaults are defined as any loans that become 90 days past due. 2019 Post-Modification Outstanding No. of Loans Recorded Balance Real Estate Consumer closed end first mortgage 1 $ 80 Other loans Consumer loans Boat/RV 2 299 2018 Post-Modification Outstanding No. of Loans Recorded Balance Real Estate Consumer closed end first mortgage 1 $ 48 Consumer open end and junior liens 1 5 2017 Post-Modification Outstanding No. of Loans Recorded Balance Real Estate Consumer closed end first mortgage 1 $ 79 At December 31, 2019 and 2018, the Company had residential real estate owned as a result of foreclosure totaling $805,000 and $541,000, respectively. At December 31, 2019 and 2018, real estate in the process of foreclosure was $1.9 million and $833,000, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 7: Related Party Transactions The Bank has entered into transactions with certain directors, executive officers and significant shareholders of the Company and Bank and their affiliates or associates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal credit risk or present other unfavorable features. The aggregate amount of loans, as defined, to such related parties was as follows: 2019 Balances, January 1, $ 6,075 Change in composition (842) New loans, including renewals 3,867 Payments, etc., including renewals (4,487) Balances, December 31, $ 4,613

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2019
Premises and Equipment [Abstract]
Premises and Equipment	Note 8: Premises and Equipment Major classifications of premises and equipment are as follows: December 31, 2019 2018 Land $ 9,008 $ 9,323 Buildings and land improvements 22,499 22,323 Equipment 16,930 16,196 Total cost 48,437 47,842 Accumulated depreciation and amortization (23,932) (22,201) Net $ 24,505 $ 25,641

Core Deposit and Other Intangib

Core Deposit and Other Intangibles	12 Months Ended
	Dec. 31, 2019
Core Deposit and Other Intangibles [Abstract]
Core Deposit and Other Intangibles	Note 9: Core Deposit and Other Intangibles The carrying basis of recognized intangible assets at December 31, 2019 and 2018, were: 2019 2018 Core deposits $ 2,790 $ 3,569 Amortization expense for the years ended December 31, 2019, 2018 and 2017, was $779,000, $1.1 million and $264,000, respectively. Estimated amortization expense for the remaining life is: 2020 $ 640 2021 518 2022 406 2023 312 2024 241 Thereafter 673 $ 2,790

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2019
Goodwill [Abstract]
Goodwill	Note 10: Goodwill Goodwill is recorded on the acquisition date of an entity. During the measurement period ended first quarter 2019, the Company could 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 included a measurement period adjustment of a $1.6 million reduction recorded during the second and fourth quarters of 2018 of $1.4 million and $200,000, respectively. No additional measurement period adjustments were recorded during 2019. Details regarding the acquisition are discussed in Note 2 of these Notes to Consolidated Financial Statements. The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 were: 2019 2018 Balance as of January 1 $ 22,310 $ 1,800 Goodwill acquired during the year - 22,069 Measurement period adjustments - (1,559) Balance as of December 31 $ 22,310 $ 22,310 Goodwill is tested for impairment on an annual basis as of November 30, or whenever events or changes in circumstances indicate the carrying amount of goodwill exceeds its implied fair value. The Company’s fair value exceeded the Company’s carrying value; therefore, it was concluded goodwill is not impaired. No events or changes in circumstances have occurred since the annual impairment test that would suggest it was more likely than not goodwill impairment existed. For additional details related to impairment testing, see the “Goodwill” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included as Item 7 of this Annual Report on Form 10-K.

Accounting for Certain Loans Ac

Accounting for Certain Loans Acquired in a Transfer	12 Months Ended
	Dec. 31, 2019
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Accounting for Certain Loans Acquired in a Transfer	Note 11: Accounting for Certain Loans Acquired in a Transfer The Company acquired loans in the acquisition of Universal and a few of the transferred loans had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. The Company acquired two loans with evidence of credit deterioration recorded at a fair value of $313,000. Both loans were paid off as of December 31, 2018. The following table presents the carrying amounts of the acquired loans included in the balance sheet amounts of loans receivable as of December 31, 2019 and 2018. 2019 2018 Outstanding balance Real estate Commercial $ 84,848 $ 120,249 Commercial construction and development 6,108 8,664 Consumer closed end first mortgage 24,218 30,694 Consumer open end and junior liens 6,452 8,032 Total real estate loans 121,626 167,639 Other loans Consumer loans Auto 524 1,138 Boat/RVs 17 97 Other 311 523 Commercial and industrial 8,277 10,571 Total other loans 9,129 12,329 Total loans $ 130,755 $ 179,968 Carrying amount $ 129,045 $ 177,169 Allowance - - Carrying amount net of allowance $ 129,045 $ 177,169 Accretable yield, or income expected to be collected as of December 31, 2019 and 2018 were $1.7 million and $2.8 million, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2019
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note 12: 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 December 31, 2019 and 2018 was approximately $33.3 million and $21.1 million, respectively. During the year ended December 31, 2019 and 2018, the Company did not recognize any net gains or losses related to the changes in fair value of these swaps. Additionally, the Company recognized income for the related swap fees of $164,000 during 2019 and no swap fee income was recognized during 2018. The following table shows the amounts of derivative financial instruments at December 31, 2019 and 2018. Derivatives Fair Value Fair Value Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, Location 2019 2018 Location 2019 2018 Derivatives not designated as hedging instruments: Interest rate contracts Other assets $ 1,278 $ 599 Other liabilities $ 1,278 $ 599

Deposits

Deposits	12 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Deposits	Note 13: Deposits Deposits were comprised of the following at December 31, 2019 and 2018: December 31, 2019 2018 Demand deposits $ 661,388 $ 668,044 Savings 177,296 182,346 Money market savings 208,699 170,380 Certificates and other time deposits of $100,000 or more 201,861 184,788 Other certificates 190,933 193,162 Brokered deposits 113,301 120,505 Total deposits $ 1,553,478 $ 1,519,225 At December 31, 2019 and 2018, total deposits that meet or exceed the FDIC’s standard deposit insurance amount of $250,000 were $439.2 million and $419.8 million, respectively. Certificates maturing in years ending December 31 are as follows: 2020 $ 349,333 2021 76,550 2022 34,003 2023 20,186 2024 21,765 Thereafter 815 $ 502,652

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2019
Federal Home Loan Bank Advances [Abstract]
Federal Home Loan Bank Advances	Note 14: Federal Home Loan Bank Advances FHLB advances maturing in years ending December 31 are as follows: 2020 $ 107,824 2021 31,565 2022 14,991 2023 6,999 2024 15,000 Thereafter 69,500 $ 245,879 At December 31, 2019, the Company had pledged $434.6 million in qualifying first mortgage loans as collateral for advances and outstanding letters of credit. Advances, at interest rates from 0.69% to 5.00% at December 31, 2019, were subject to restrictions or penalties in the event of prepayment. At December 31, 2019, the Company had a total of $71.5 million in putable and $42.0 million in symmetrical advances with Federal Home Loan Bank. The call dates for these advances range from 2020 through 2024 even though maturity dates extend beyond those dates.

Other Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2019
Other Borrowings [Abstract]
Other Borrowings	Note 15: Other Borrowings Other borrowings consisted of the following component as of December 31: 2019 2018 Notes payable $ 9,150 $ 9,665 Subordinated debentures, net of discount 8,423 8,323 Total $ 17,573 $ 17,988 The Company assumed $5.0 million in subordinated debentures as the result of the acquisition of MFB Corp. in 2008. In 2005, MFB Corp. had formed MFBC Statutory Trust I (MFBC), as a wholly owned business trust, to sell trust preferred securities. The proceeds from the sale of these trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from the acquired company. The junior subordinated debentures are the sole assets of MFBC and are fully and unconditionally guaranteed by the Company. The junior subordinated debentures and the trust preferred securities pay interest and dividends, respectively, on a quarterly basis. The rate resets quarterly at the prevailing three-month LIBOR rate plus 170 basis points, which was 3.59% at December 31, 2019. The Company has the right to redeem the trust preferred securities, in whole or in part, without penalty. These securities mature on September 15, 2035. The net balance of the securities as of December 31, 2019 was $4.3 million due to the fair value adjustment of the securities made at the time of the acquisition. The Company assumed $5.0 million in subordinated debentures as a result of the acquisition of Universal in 2018. These securities mature 30 years from the date of issuance, or October 7, 2035. The rate resets quarterly at the prevailing three-month LIBOR rate plus 169 basis points, which was 3.68% at December 31, 2019. The Company has the right to redeem the trust preferred securities, in whole or in part, without penalty. These securities mature on October 7, 2035. The net balance of the securities as of December 31, 2019 was $4.1 million due to the fair value adjustment of the securities made at the time of the acquisition. The Company borrowed $10.0 million in two $5.0 million term notes from First Horizon Bank to use in the acquisition of Universal. These loans had a combined balance of $9.2 million at December 31, 2019. The fixed rate term note had a balance of $4.2 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 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 4.04% at December 31, 2019. The Company has the right to redeem either note at any time, in whole or in part, without penalty. Contractual maturities of notes payable as of December 31, 2019, are as follows: Principal Payments Due in Years Ending December 31: 2020 $ 1,061 2021 1,084 2022 829 2023 6,176 $ 9,150

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2019
Lease Commitments [Abstract]
Lease Commitments	Note 16: 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 at 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 December 31, 2019. Statement of Financial Condition classification December 31, 2019 Operating lease right of use asset Other Assets $ 2,607 Operating lease liabilities Other Liabilities $ 2,627 The following table shows the components of operating leases expense for the year ended December 31, 2019. Statement of Income classification 2019 2018 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 year ended December 31, 2019 was $758,000. Gross rental expense for the operating leases in equipment expenses for the year ended December 31, 2019 was $160,000. The following table shows future minimum rental commitments for all noncancelable operating leases for the next five years and thereafter. 2020 $ 753 2021 619 2022 530 2023 333 2024 45 Thereafter 1,174 Total lease payments $ 3,454 Less: present value discount 827 Present value of lease liabilities $ 2,627 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 December 31, 2019. December 31, 2019 Weighted average remaining lease term 10.60 years Weighted average discount rate 3.76 % Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from leases $ 759

Loan Servicing

Loan Servicing	12 Months Ended
	Dec. 31, 2019
Text Block [Abstract]
Loan Servicing	Note 17: Loan Servicing Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of these loans consist of the following: 2019 2018 Loans serviced for Freddie Mac $ 403,111 $ 365,863 Fannie Mae 62,958 75,162 FHLB 46,759 54,399 Other investors 1,246 1,176 $ 514,074 $ 496,600 The aggregate fair value of capitalized mortgage servicing rights is based on comparable market values and expected cash flows, with impairment assessed based on portfolio characteristics including product type and interest rates. The amount of servicing fees collected during 2019, 2018 and 2017 totaled approximately $1.3 million, $1.1 million, and $783,000, respectively. 2019 2018 2017 Mortgage-servicing rights Balances, January 1 $ 2,671 $ 1,504 $ 1,351 Mortgage-servicing rights acquired - 1,325 - Servicing rights capitalized 818 438 549 Amortization of servicing rights (673) (596) (396) $ 2,816 $ 2,671 $ 1,504 The fair value of servicing rights subsequently measured using the amortization method was as follows: 2019 2018 2017 Mortgage-servicing rights Fair value, beginning of period $ 3,518 $ 2,246 $ 2,110 Fair value, end of period 3,436 3,518 2,246

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2019
Income Tax [Abstract]
Income Tax	Note 18: Income Tax The provision for income taxes includes these components: 2019 2018 2017 Income tax expense Currently payable (receivable) Federal $ 2,636 $ (505) $ 3,231 State - - - Deferred Federal 53 3,465 1,342 Effect of "Tax Cuts and Jobs Act" - - 2,000 State (330) - 220 Total income tax expense $ 2,359 $ 2,960 $ 6,793 A reconciliation of income tax expense at the federal statutory rate to actual tax expense is shown below: 2019 2018 2017 Federal statutory income tax at 21%, 21% & 34%, respectively $ 5,483 $ 4,583 $ 6,496 Non tax captive insurance income (275) (245) (310) State taxes (261) - 145 Tax credits (134) (134) (96) Tax-exempt income (1,520) (1,355) (1,453) Effect of "Tax Cuts and Jobs Act" - - 2,000 Equity compensation (715) - - Other (219) 111 11 Actual tax expense $ 2,359 $ 2,960 $ 6,793 Effective tax rate 9.03 % 13.56 % 35.55 % The Tax Cuts and Jobs Act (“Tax Act”) was enacted on December 22, 2017 reducing the Company’s federal corporate tax rate from 34% to 21%, effective January 1, 2018. For deferred tax assets and liabilities, amounts were remeasured based on the rates expected to reverse in the future, which was 21%. Based on this new law, we recorded an additional tax expense of $2.0 million due to the revaluation of the Company’s deferred tax asset in 2017. The Tax Act repealed the corporate Alternative Minimum Tax (“AMT”) and as a result a portion of the Company’s AMT credit carryover from prior years is refundable beginning in 2018. The components of the net deferred tax asset included on the consolidated balance sheets at December 31, were as follows: December 31, 2019 2018 Assets Allowance for loan losses $ 3,201 $ 3,054 Deferred compensation 2,360 1,855 Business tax and AMT credit carryovers 408 821 Net operating loss carryover 2,861 3,256 Goodwill impairment 391 630 Purchase accounting adjustments 1,070 1,322 Unrealized loss on securities available for sale - 640 Other real estate owned 999 1,001 Other 1,316 902 Total assets 12,606 13,481 Liabilities Unrealized gain on securities available for sale $ (2,289) $ - Depreciation and amortization (860) (580) FHLB stock (298) (298) State income tax (391) (425) Loan fees (239) (257) Investments in limited partnerships (1,218) (1,424) Mortgage servicing rights (782) (717) Core deposit intangible (884) (1,042) Other (199) (629) Total liabilities (7,160) (5,372) Valuation Allowance Beginning balance (365) (407) Decrease during period 65 42 Ending balance (300) (365) Net deferred tax asset $ 5,146 $ 7,744 The Company has a federal net operating loss carryforward acquired in the Universal acquisition of $7.1 million. The use of this carryforward is limited to $1.3 million annually. The Company also has a state net operating loss carryforward of $27.4 million that will begin to expire in 2025. In addition, the Company has an AMT credit carryover of $408,000. Management believes that the Company will be able to utilize the benefits recorded for the state loss carryforwards and federal credits within the allotted time periods, except for the amount represented by the valuation allowance. The valuation allowance has been recorded for the possible inability to use a portion of the state net operating loss carryover. Retained earnings include approximately $14.7 million for which no deferred income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions as of December 31, 1987 for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which income would be subject to the then-current corporate income tax rate. The unrecorded deferred income tax liability on the above amounts was approximately $3.1 million at December 31, 2019. The Company’s federal and state income tax returns have been closed without audit by the IRS through the year ended December 31, 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 19: Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: December 31, December 31, 2019 2018 Net unrealized gain (loss) on securities available for sale $ 10,677 $ (3,187) Net unrealized gain relating to defined benefit plan liability (314) (99) 10,363 (3,286) Tax effect (2,213) 662 Net of tax amount $ 8,150 $ (2,624) The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Statement of Income for the years ended December 31, 2019, 2018 and 2017. Amount Reclassified from Accumulated Other Comprehensive Income For the Year Ended December 31, Details about Accumulated Other Comprehensive Income Components 2019 2018 2017 Affected Line Item in the Statements of Income Realized gains on available for sale securities Realized securities gains reclassified into income $ 1,014 $ 804 $ 708 Total non-interest income - net realized gains on sale of available for sale securities Related income tax expense (213) (169) (241) Income tax expense Total reclassifications for the period, net of tax $ 801 $ 635 $ 467

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2019
Significant Estimates [Abstract]
Commitments and Contingent Liabilities	Note 20: Commitments and Contingent Liabilities In the normal course of business, there are outstanding commitments and contingent liabilities, such as commitments to extend credit and standby letters of credit, which are not included in the accompanying financial statements. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Company uses the same credit policies in making such commitments as it does for instruments that are included in the consolidated statements of financial condition. Financial instruments whose contract amount represents credit risk as of December 31: 2019 2018 Loan commitments $ 254,463 $ 265,696 Standby letters of credit 3,296 2,106 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies, but may include residential real estate, income-producing commercial properties, or other assets of the borrower. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The Company and Bank are also subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits at December 31, 2019 will not have a material adverse effect on the consolidated financial position of the Company. The Company has entered into employment agreements with certain officers that provide for the continuation of salary and certain benefits for a specified period of time under certain conditions. Under the terms of the agreement, these payments could occur in the event of a change in control of the Company or other circumstances. Mortgage loans in the process of origination represent amounts that the Company plans to fund within a normal period of 60 to 90 days, and which are primarily intended for sale to investors in the secondary market. Total mortgage loans in the process of origination amounted to $11.4 million and $7.7 million, and mortgage loans held for sale amounted to $13.4 million and $4.0 million, at December 31, 2019 and 2018, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 21: Stockholders’ Equity Without prior regulatory approval, current regulations allow the Bank to pay dividends to the Company not exceeding retained net income for the previous two calendar years and the current year. In the event the Bank becomes unable to pay dividends to the Company, the Company may not be able to service its debt, pay its other obligations or pay dividends on its common stock. At December 31, 2019, the Bank was able to pay dividends without prior regulatory approval.

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2019
Regulatory Capital [Abstract]
Regulatory Capital	Note 22: Regulatory Capital The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier I and Common Equity Tier I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital to average assets (as defined). As of December 31, 2019 and 2018, the Bank meets all capital adequacy requirements to which it is subject. In May 2018 the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Act”) was enacted to modify or remove certain financial reform rules and regulations, including some of those implemented under the Dodd-Frank Act. While the Act maintains most of the regulatory structure established by the Dodd-Frank Act, it amends certain aspects of the regulatory framework for small depository institutions with assets of less than $10 billion and for large banks with assets of more than $50 billion. Many of these changes could result in meaningful regulatory relief for community banks such as MutualBank. The Act, among other matters, expands the definition of qualified mortgages which may be held by a financial institution and simplifies the regulatory capital rules for financial institutions and their holding companies with total consolidated assets of less than $10 billion by instructing the federal banking regulators to establish a single “Community Bank Leverage Ratio” of 9 percent to replace the leverage and risk-based regulatory capital ratios. The Act also expands the category of holding companies that may rely on the “Small Bank Holding Company and Savings and Loan Holding Company Policy statement” by raising the maximum amount of assets a qualifying holding company may have from $1.0 billion to $3.0 billion. This expansion also excludes such holding companies from the minimum capital requirement of the Dodd-Frank Act. In addition, the Act includes regulatory relief for community banks regarding regulatory examination cycles, call reports, the Volcker Rule (proprietary trading prohibitions), mortgage disclosures and risk weights for certain high-risk commercial real estate loans. In July 2013, the three federal bank regulatory agencies jointly published final rules (the Basel III Capital Rules) establishing a new comprehensive capital framework for U.S. banking organizations. The rules implement the Basel Committee’s December 2010 framework known as “Basel III” for strengthening international capital standards as well as certain provisions of the Dodd-Frank Act. These rules substantially revise the risk-based capital requirements applicable to bank holding companies and depository institutions, compared to the current U.S. risk-based capital rules. The Basel III Capital Rules define the components of capital and address other issues affecting the numerator in banking institutions’ regulatory capital ratios. These rules also address risk weights and other issues affecting the denominator in banking institutions’ regulatory capital ratios and replace the existing risk-weighting approach with a more risk-sensitive approach. The Basel III Capital Rules were effective for the Company and Bank on January 1, 2015 (subject to a four-year phase-in period). The Bank’s actual capital amounts and ratios as of December 31, are presented in the tables below. December 31, 2019 Minimum Required To Minimum Regulatory be Considered Actual Capital Levels Capital Levels Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1): MutualBank $ 201,197 9.9 % $ 80,985 4.0 % $ 101,231 5.0 % Common Equity Tier 1 Capital Level (2) : MutualBank $ 201,197 13.0 % $ 69,574 4.5 % $ 100,496 6.5 % Tier 1 Risk-Based Capital Level (3) : MutualBank $ 201,197 13.0 % $ 92,766 6.0 % $ 123,688 8.0 % Total Risk-Based Capital Level (4) : MutualBank $ 214,504 13.9 % $ 123,688 8.0 % $ 154,610 10.0 % Tier 1 Capital to Total Average Assets for the Leverage Ratio of $2.0 billion for the Bank at December 31, 2019. Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.5 billion for the Bank at December 31, 2019. Tier 1 Capital to Risk-Weighted Assets. Total Capital to Risk-Weighted Assets. December 31, 2018 Minimum Required To Minimum Regulatory be Considered Actual Capital Levels Capital Levels Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1) : MutualBank $ 184,803 9.2 % $ 80,309 4.0 % $ 100,386 5.0 % Common Equity Tier 1 Capital Level (2) : MutualBank $ 184,803 12.1 % $ 68,476 4.5 % $ 98,910 6.5 % Tier 1 Risk-Based Capital Level (3) : MutualBank $ 184,803 12.1 % $ 91,301 6.0 % $ 121,735 8.0 % Total Risk-Based Capital Level (4) : MutualBank $ 198,084 13.0 % $ 121,734 8.0 % $ 152,169 10.0 % Tier 1 Capital to Total Average Assets for the Leverage Ratio of $2.0 billion for the Bank at December 31, 2018. Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.5 billion for the Bank at December 31, 2018. Tier 1 Capital to Risk-Weighted Assets. Total Capital to Risk-Weighted Assets. The minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer was fully phased in during 2019. The capital conservation buffer was 2.5% at December 31, 2019. The unrealized gain or loss on available for sale securities is not included in computing regulatory capital. As of December 31, 2019, the Bank is in excess of the capital conversation buffer requirements.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2019
Employee Benefits [Abstract]
Employee Benefits	Note 23: Employee Benefits The Company has a retirement savings 401(k) plan in which substantially all employees may participate. The contributions are discretionary and determined annually. The Company matches employees’ contributions at the following rates: 100 percent of participant contributions up to 4% and 50 percent of participant contributions from 4-6%, not to exceed a maximum of 5% of their compensation. The Company’s expense for the plan was $1.2 million for both 2019 and 2018 and $957,000 for 2017. The Company has an executive benefit plan and deferred compensation arrangements for the benefit of certain officers. The Company also has deferred compensation arrangements with certain directors whereby, in lieu of previously receiving fees, the directors or their beneficiaries will be paid benefits for an established period following the director’s retirement or death. These arrangements are informally funded by life insurance contracts which have been purchased by the Company. The Company records a liability for these vested benefits based on the present value of future payments. The Company’s expense for the plan was $790,000, $675,000 and $652,000 for 2019, 2018 and 2017, respectively.

Stock Option Plans

Stock Option Plans	12 Months Ended
	Dec. 31, 2019
Stock Option Plans [Abstract]
Stock Option Plans	Note 24: Stock Option Plans Under the Company’s stock option plans, which are accounted for in accordance with FASB ASC 718, Stock Compensation , the Company grants selected executives and other key employees and directors incentive and non-qualified stock option awards that vest and become fully exercisable at the discretion of the Compensation Committee as the options are granted. The Company had stock option plans that were approved in 2000 and 2008 that expired in 2015 and 2018, respectively. Under the plan’s provisions, all option grants that have not been exercised or expired are still exercisable until the maturity or the participant forfeits the grant. No additional grants of options can be made from these plans. The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions noted in the following table. Expected volatility is based on historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate timing of option exercises and employee terminations within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted represents the period of time that options are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The discount rate for post-vesting restrictions is estimated based on the Company’s credit-adjusted risk-free rate of return. The following is a summary of the status of the Company’s stock option plans and changes in these plans during 2019. 2019 Weighted Weighted Aggregate Average Average Intrinsic Exercise Remaining Value Options Shares Price Contractual Life (in thousands) Outstanding, beginning of year 210,862 $ 7.63 Exercised 140,962 7.43 Outstanding and exercisable, end of year 69,900 $ 8.03 4.9 years $ 2,211 There were 140,962, 28,538 and 65,161 options exercised during the years ended December 31, 2019, 2018 and 2017. There were no options granted during those periods. The Company will fulfill options with authorized but unissued shares of stock from the 352,741 shares the Company has authorized under the 2008 shareholder-approved stock option and incentive plan. The Company will also fulfill options with authorized but unissued shares of stock from the 141,462 shares the Company has authorized under the 2000 stock option plan. Outstanding options may continue to be exercised from these plans; however no further grants can be made. Cash received from options exercised under all share-based payment arrangements for years ended December 31, 2019, 2018 and 2017 was $1.0 million, $253,000 and $1.2 million, respectively. The intrinsic value on options exercised during the years ended December 31, 2019, 2018 and 2017 was $4.0 million, $722,000 and $1.1 million, respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 25: Earnings Per Share Earnings per share were computed as follows: 2019 Weighted Net Income Shares Amount Basic Earnings Per Share Net income $ 23,751 8,575,355 $ 2.77 Effect of Dilutive Securities Stock options 106,753 Diluted Earnings Per Share Net income available and assumed conversions $ 23,751 8,682,108 $ 2.74 2018 Weighted Net Income Shares Amount Basic Earnings Per Share Net income $ 18,864 8,394,195 $ 2.25 Effect of Dilutive Securities Stock options 149,302 Diluted Earnings Per Share Net income available and assumed conversions $ 18,864 8,543,497 $ 2.21 2017 Weighted Average Per-Share Net Income Shares Amount Basic Earnings Per Share Net income $ 12,315 7,360,066 $ 1.67 Effect of Dilutive Securities Stock options 141,993 Diluted Earnings Per Share Net income available and assumed conversions $ 12,315 7,502,059 $ 1.64 As of December 31, 2019, 2018 and 2017, the exercise price for all options was lower than the average market price of the common shares.

Fair Values of Financial Instru

Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2019
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 26: 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 table presents the fair value measurements of assets and liabilities measured on a recurring basis and the level within the ASC 820 fair value hierarchy. Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2019 Available for sale securities Mortgage-backed securities $ 125,801 $ - $ 125,801 $ - Collateralized mortgage obligations 91,373 - 91,373 - Municipal obligations 166,250 - 166,250 - Corporate obligations 2,198 - - 2,198 Interest rate swap asset 1,278 - 1,278 - Interest rate swap liability 1,278 - 1,278 - 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 years ended December 31, 2019, 2018 and 2017 of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable (Level 3) inputs: 2019 2018 2017 Beginning balance $ 2,355 $ 2,721 $ 2,588 Total realized and unrealized gains (losses) Included in net income - (44) - Included in other comprehensive income (loss) (150) 561 133 Purchases, issuances and settlements (7) (883) - Ending balance $ 2,198 $ 2,355 $ 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. December 31, 2019 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,198 Discounted cash flow Discount rate 6.3 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.6 % Projected cures given deferral 0-15.0 % Loss severity 26.5 % Impaired loans (collateral dependent) $ 460 Third party valuations Discount to reflect realizable value less estimated selling costs 7.2-34.9 % Other real estate owned $ 188 Third party valuations Discount to reflect realizable value less estimated selling costs 20.0 % 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 December 31, 2019 Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 32,323 $ 32,323 $ 32,323 $ - $ - Interest-bearing time deposits 3,496 3,496 3,496 - - Loans held for sale 13,397 13,798 - 13,798 - Loans, net 1,476,925 1,450,636 - - 1,450,636 FHLB stock 13,115 13,115 - 13,115 - Interest receivable 6,932 6,932 - 6,932 - Liabilities Deposits 1,553,478 1,555,045 1,050,827 - 504,218 FHLB advances 245,879 246,512 - 246,512 - Other borrowings 17,573 17,150 - 17,150 - Interest payable 1,071 1,071 - 1,071 - 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 -

Condensed Financial Information

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2019
MutualFirst Financial, Inc.
Condensed Financial Information (Parent Company Only)	Note 27: Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company: Condensed Balance Sheets 2019 2018 Assets Cash on deposit with Bank $ 2,974 $ 3,590 Cash on deposit with others 102 95 Total cash 3,076 3,685 Investment in common stock of subsidiaries 239,917 214,195 Other assets 1,444 2,838 Total assets $ 244,437 $ 220,718 Liabilities Other borrowings $ 17,573 $ 17,988 Other liabilities 52 367 Total liabilities 17,625 18,355 Stockholders’ Equity 226,812 202,363 Total liabilities and stockholders’ equity $ 244,437 $ 220,718 Condensed Statements of Income 2019 2018 2017 Income Dividends from subsidiaries $ 11,000 $ 6,695 $ 15,100 Other income 15 9 - Total income 11,015 6,704 15,100 Expenses 2,710 1,922 1,041 Income before income tax and equity in undistributed income of subsidiaries 8,305 4,782 14,059 Income tax benefit (498) (412) (495) Income before equity in undistributed income (distributions in excess of income) of subsidiaries 8,803 5,194 14,554 Equity in undistributed income (distributions in excess of income) of subsidiaries 14,948 13,670 (2,239) Net Income Available to Common Shareholders $ 23,751 $ 18,864 $ 12,315 Condensed Statements of Comprehensive Income 2019 2018 2017 Net income $ 23,751 $ 18,864 $ 12,315 Other comprehensive income: Net unrealized holding gain (loss) on securities available for sale 14,878 (2,912) 3,112 Less: Reclassification adjustment for realized gains included in net income (1,014) (804) (708) Net unrealized loss relating to defined benefit plan (215) (109) (20) 13,649 (3,825) 2,384 Income tax (expense) benefit related to other comprehensive income (2,875) 820 (749) Other comprehensive income (loss) 10,774 (3,005) 1,635 Comprehensive income $ 34,525 $ 15,859 $ 13,950 Condensed Statements of Cash Flows 2019 2018 2017 Operating Activities Net income $ 23,751 $ 18,864 $ 12,315 Item not requiring cash Deferred income tax benefit 314 20 (14) (Equity in undistributed income) distributions in excess of income of subsidiaries (14,948) (13,670) 2,239 Other 865 (660) 74 Net cash provided by operating activities 9,982 4,554 14,614 Investing Activity Net cash received (paid) in acquisition - (16,463) - Net cash used in investing activity - (16,463) - Financing Activities Repayment of other borrowings $ (515) $ (335) $ - Proceeds from other borrowings - 10,000 - Stock repurchased (4,262) - - Cash dividends (6,860) (6,354) (4,862) Proceeds from stock options exercised 1,046 253 1,156 Net cash provided by (used in) financing activities (10,591) 3,564 (3,706) Net Change in Cash (609) (8,345) 10,908 Cash, Beginning of Year 3,685 12,030 1,122 Cash, End of Year $ 3,076 $ 3,685 $ 12,030

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Results of Operations [Abstract]
Quarterly Results of Operations	Note 28: Quarterly Results of Operations (Unaudited) Basic Diluted Provision Earnings Per Earnings Per Interest Interest Net Interest for Loan Common Common Quarter Ended Income Expense Income Losses Net Income Share Share 2019 March 31 $ 21,302 $ 5,260 $ 16,042 $ 475 $ 5,238 $ 0.61 $ 0.60 June 30 21,518 5,474 16,044 475 5,751 0.67 0.66 September 30 21,617 5,372 16,245 425 6,134 0.72 0.71 December 31 20,892 4,926 15,966 575 6,628 0.77 0.77 Total $ 85,329 $ 21,032 $ 64,297 $ 1,950 $ 23,751 $ 2.77 $ 2.74 2018 March 31 $ 16,748 $ 3,164 $ 13,584 $ 450 $ 4,007 $ 0.51 $ 0.50 June 30 20,621 4,013 16,608 500 4,165 0.49 0.48 September 30 20,836 4,419 16,417 570 5,402 0.63 0.62 December 31 21,489 4,995 16,494 600 5,290 0.62 0.61 Total $ 79,694 $ 16,591 $ 63,103 $ 2,120 $ 18,864 $ 2.25 $ 2.21 2017 March 31 $ 14,109 $ 2,396 $ 11,713 $ 200 $ 3,206 $ 0.44 $ 0.43 June 30 14,652 2,565 12,087 300 3,898 0.53 0.52 September 30 15,026 2,762 12,264 370 3,751 0.51 0.50 December 31 15,081 2,888 12,193 350 1,460 0.20 0.19 Total $ 58,868 $ 10,611 $ 48,257 $ 1,220 $ 12,315 $ 1.67 $ 1.64

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Consolidation	Consolidation - The consolidated financial statements include the accounts of the Company, the Bank, and the Bank’s subsidiaries, after elimination of all material intercompany transactions.
Cash Equivalents	Cash Equivalents - The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2019 and 2018, cash equivalents consisted primarily of money market accounts with brokers and checking accounts with government sponsored entities. At December 31, 2019, the Company’s cash accounts exceeded federally insured limits by approximately $4.7 million. Included in this amount are uninsured accounts of approximately $3.8 million at the Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis.
Interest-bearing time deposits	Interest-bearing time deposits – The fair value of interest-bearing time deposits approximates carrying value.
Derivative Instruments	Derivative Instruments – The Company occasionally enters into derivative financial instruments as part of its interest rate risk strategies. These derivative financial instruments consist primarily of interest rate swaps. These instruments are carried at the fair value of the derivatives and reflects the estimated amounts that would have been received to terminate these contracts at the reporting date based upon pricing or valuation models applied to current market information. The Company offers interest rate derivative products (e.g. interest rate swaps) to certain of its high-quality commercial borrowers. This product allows customers to enter into an agreement with the Company to swap their variable rate loan to a fixed rate. These derivative products are designed to reduce, eliminate or modify the risk of changes in the borrower’s interest rate. The extension of credit incurred through the execution of these derivative products is subject to the same approvals and rigorous underwriting standards as the related traditional credit product. The Company limits its risk exposure to these products by entering into a mirror-image, offsetting swap agreement with a separate, well-capitalized and rated counterparty. These transactions are ratified by the Asset Liability Committee. By using these interest rate swap arrangements, the Company is also better insulated from the interest rate risk associated with underwriting fixed-rate loans. These derivative products do not qualify for hedge accounting. The derivatives are recorded on the balance sheet at fair value and changes in fair value of both the customer and the offsetting swap agreements are recorded (and essentially offset) in non-interest income.
Investment Securities	Investment Securities - Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. At December 31, 2019 and 2018, no securities were classified as held to maturity. Securities not classified as held to maturity, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income, net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. When the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held to maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. The Company’s consolidated statement of income reflects the full impairment (that is, the differences between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available for sale and held to maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. For equity securities, when the Company has decided to sell an impaired available for sale security and does not expect the fair value of the security to fully recover before the expected time of sale, the security is deemed other-than-temporarily impaired in the period in which the decision to sell is made. The Company recognizes an impairment loss when the impairment is deemed other than temporary even if a decision to sell has not been made. Declines in the fair value of securities below their cost that are other-than-temporary are reflected as realized losses. In estimating other-than-temporary losses, management considers the length of time and extent that fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the Company’s ability and intent to hold the security for a period sufficient to allow for any anticipated recovery in fair value.
Loans held for sale	Loans held for sale are carried at the lower of aggregate cost or market. Market is determined using the aggregate method. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income based on the difference between estimated sales proceeds and aggregate cost.
Loans	Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on mortgage, consumer and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual 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. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Discounts and premiums on purchased residential real estate and commercial loans is amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method.
Acquisition Accounting and Acquired Loans	Acquisition accounting and acquired loans – We account for our acquisitions under FASB ASC Topic 805, Business Combinations , which requires the use of the acquisition method of accounting. All identifiable assets acquired, including loans, are recorded at fair value. No allowance for loan losses related to the acquired loans is recorded on the acquisition date as the fair value methodology prescribed in FASB ASC Topic 820, Fair Value Measurements . The fair value estimates associated with the loans include estimates related to expected prepayments and the amount and timing of undiscounted expected principal, interest and other cash flows.
Allowance for loan losses	Allowance for loan losses - The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. 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 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 historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior three years. Management believes the three year historical loss experience methodology is appropriate in the current economic environment, as it captures loss rates that are comparable to the current period being analyzed. 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 allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the ability to collect the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.
Premises and equipment	Premises and equipment are carried at cost net of accumulated depreciation. Depreciation is computed using the straight-line method based principally on the estimated useful lives of the assets which range from 3 to 50 years. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are included in current operations.
Federal Home Loan Bank stock	Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank (FHLB) system. The required investment in the common stock is based on a predetermined formula, carried at cost and is evaluated for impairment.
Mortgage-servicing	Mortgage-servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance, servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with net servicing fees on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income.
Intangible assets and Goodwill	Intangible assets are being amortized on an accelerated basis over periods ranging from three to 15 years. Such assets are periodically evaluated as to the recoverability of their carrying value. Goodwill is maintained by applying the provisions of ASC 350, Intangibles – Goodwill and Other. For purchase acquisitions, the Corporation is required to record the assets acquired, including identified intangible assets, and the liabilities assumed at their fair value, which in many instances involves estimates based on third party valuations, such as appraisals, or internal valuations based on discounted cash flow analysis or other valuation techniques that may include estimates of attrition, inflation, asset growth rates or other relevant factors. In addition, the determination of the useful lives for which an intangible asset will be amortized is subjective. Under ASC 350, the Corporation is required to evaluate goodwill for impairment on an annual basis, as well as on an interim basis, if events or changes indicate that the asset may be impaired, indicating that the carrying value may not be recoverable. The Corporation has elected to test for goodwill impairment as of November 30 of each year and has determined that no impairment exists.
Income taxes	Income taxes are accounted for in accordance with income tax accounting guidance. The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred tax assets are evaluated on a quarterly basis for recoverability based on all available evidence. This process involves significant management judgment about assumptions that are subject to change from period to period based on changes in tax laws or variances between our future projected operating performance and our actual results. We are required to establish a valuation allowance for deferred tax assets if we determine, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining the more-likely-than-not criterion, we evaluate all positive and negative available evidence as of the end of each reporting period. Future adjustments to the deferred tax asset valuation allowance, if any, will be determined based upon changes in the expected realization of the net deferred tax assets. The realization of the deferred tax assets ultimately depends on the existence of sufficient taxable income in either the carry back or carry forward periods under applicable tax laws. Due to significant estimates utilized in establishing the valuation allowance and the potential for changes in facts and circumstances, it is reasonably possible that we will be required to record adjustments to the valuation allowance in the near term if estimates of future taxable income during the carry forward period are reduced. Such a charge could have a material adverse effect on our results of operations, financial condition, and capital position. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries.
Revenue recognition	Revenue Recognition The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. The Company’s principal source of revenue is interest income from loans and leases and investment securities. The Company also earns noninterest income from various banking and financial services offered primarily through the Bank and its subsidiaries. Interest Income – The largest source of revenue for the Company is interest income which is primarily recognized on an accrual basis according to nondiscretionary formulas in written contracts, such as loan and lease agreements or investment securities contracts. Noninterest Income – The Company earns noninterest income through a variety of financial and transaction services provided to business and consumer clients such as trust and wealth advisory, deposit account, debit card, and mortgage banking. Revenue is recorded for noninterest income based on the contractual terms for the service or transaction performed. In certain circumstances, noninterest income is reported net of associated expenses.
Earnings per share	Earnings per share is computed based upon the weighted-average common and common equivalent shares outstanding during each year.
Comprehensive income	Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized gains (losses) on available for sale securities, unrealized gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in income, unrealized and realized gains and losses in derivative financial instruments and changes in the funded status of defined benefit pension plans.
Stock options	Stock options - The Company has stock-based employee compensation plans, which are described more fully in Note 24 of these Notes to Consolidated Financial Statements.

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [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

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 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 as follows: December 31, 2019 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 124,096 $ 1,940 $ (235) $ 125,801 Collateralized mortgage obligations 91,013 562 (202) 91,373 Municipal obligations 156,845 9,417 (12) 166,250 Corporate obligations 2,991 - (793) 2,198 Total investment securities $ 374,945 $ 11,919 $ (1,242) $ 385,622 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	The amortized cost and fair value of securities available for sale at December 31, 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 952 1,002 Five to ten years 17,197 17,939 After ten years 141,687 149,507 159,836 168,448 Mortgage-backed securities 124,096 125,801 Collateralized mortgage obligations 91,013 91,373 Totals $ 374,945 $ 385,622
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 December 31, 2019 and 2018: December 31, 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 $ 8,718 $ (28) $ 16,925 $ (207) $ 25,643 $ (235) Collateralized mortgage obligations 16,708 (56) 17,296 (146) 34,004 (202) Municipal obligations 2,555 (12) - - 2,555 (12) Corporate obligations - - 2,198 (793) 2,198 (793) Total temporarily impaired securities $ 27,981 $ (96) $ 36,419 $ (1,146) $ 64,400 $ (1,242) 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)

Loans and Allowance (Tables)

Loans and Allowance (Tables)	12 Months Ended
	Dec. 31, 2019
Loans and Allowance [Abstract]
Schedule of Classes of Loans	Classes of loans at December 31, 2019 and 2018 include: December 31, December 31, 2019 2018 Real estate Commercial $ 504,241 $ 485,808 Commercial construction and development 49,496 53,310 Consumer closed end first mortgage 415,865 464,539 Consumer open end and junior liens 75,596 77,072 Total real estate loans 1,045,198 1,080,729 Other loans Consumer loans Auto 57,107 43,667 Boat/RVs 213,305 216,608 Other consumer loans 7,319 6,893 Commercial and industrial 166,019 149,359 Total other loans 443,750 416,527 Total loans 1,488,948 1,497,256 Undisbursed loans in process (7,516) (10,096) Unamortized deferred loan costs, net 8,800 8,783 Allowance for loan losses (13,307) (13,281) Net loans $ 1,476,925 $ 1,482,662
Non-Accrual Loans Segregated by Class of Loans	Year-end non-accrual loans, segregated by class of loans, were as follows: December 31, December 31, 2019 2018 Real estate Commercial $ 756 $ 4,782 Commercial construction and development 631 62 Consumer closed end first mortgage 3,682 2,777 Consumer open end and junior liens 352 273 Other loans Consumer loans Auto 256 88 Boat/RVs 944 470 Other consumer loans 51 46 Commercial and industrial 368 91 Total nonaccrual loans $ 7,040 $ 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 December 31, 2019 and 2018 are as follows: December 31, 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 $ 2,218 $ 2,751 $ 422 $ 5,391 $ 498,850 $ 504,241 $ - Commercial construction and development 114 - 631 745 48,751 49,496 - Consumer closed end first mortgage 5,731 1,774 2,294 9,799 406,066 415,865 156 Consumer open end and junior liens 447 220 308 975 74,621 75,596 - Other loans Consumer loans Auto 424 104 208 736 56,371 57,107 - Boat/RVs 1,892 692 475 3,059 210,246 213,305 - Other consumer loans 128 68 49 245 7,074 7,319 - Commercial and industrial 855 108 368 1,331 164,688 166,019 - Total $ 11,809 $ 5,717 $ 4,755 $ 22,281 $ 1,466,667 $ 1,488,948 $ 156 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 - Other loans 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 December 31, 2019, 2018 and 2017: December 31, 2019 Average Unpaid Investment Interest Recorded Principal Specific in Impaired Income Balance Balance Allowance Loans Recognized Loans without a specific valuation allowance Real estate Commercial $ 5,542 $ 5,542 $ - $ 5,878 $ 377 Commercial construction and development 642 642 - 496 17 Consumer closed end first mortgage 844 844 - 903 - Other loans Commercial and industrial 44 44 - 86 2 Loans with a specific valuation allowance Real estate Consumer closed end first mortgage 337 337 40 269 - Other loans Consumer loans Boat and RV 251 251 87 101 - Total Real estate Commercial $ 5,542 $ 5,542 $ - $ 5,878 $ 377 Commercial construction and development $ 642 $ 642 $ - $ 496 $ 17 Consumer closed end first mortgage $ 1,181 $ 1,181 $ 40 $ 1,172 $ - Other loans Consumer loans Boat and RV $ 251 $ 251 $ 87 $ 101 $ - Commercial and industrial $ 44 $ 44 $ - $ 86 $ 2 Total $ 7,660 $ 7,660 $ 127 $ 7,733 $ 396 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 December 31, 2017 Average Unpaid Investment Interest Recorded Principal Specific in Impaired Income Balance Balance Allowance Loans Recognized Loans without a specific valuation allowance Real estate Commercial $ 878 $ 878 $ - $ 765 $ 1 Commercial construction and development 700 700 - 762 33 Consumer closed end first mortgage 1,543 1,543 - 1,451 1 Commercial and industrial 272 342 - 216 5 Loans with a specific valuation allowance Real estate Commercial 214 214 100 214 - Total Real estate Commercial $ 1,092 $ 1,092 $ 100 $ 979 $ 1 Commercial construction and development $ 700 $ 700 $ - $ 762 $ 33 Consumer closed end first mortgage $ 1,543 $ 1,543 $ - $ 1,451 $ 1 Commercial and industrial $ 272 $ 342 $ - $ 216 $ 5 Total $ 3,607 $ 3,677 $ 100 $ 3,408 $ 40
Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating	December 31, 2019 Commercial Consumer Special Pass Mention Substandard Doubtful Pass Substandard Total Real estate Commercial $ 469,840 $ 21,837 $ 12,564 $ - $ 504,241 Commercial construction and development 46,384 2,112 1,000 - 49,496 Consumer closed end first mortgage $ 411,372 $ 4,493 415,865 Consumer open end and junior liens 75,188 408 75,596 Other loans Consumer loans Auto 56,836 271 57,107 Boat/RVs 212,098 1,207 213,305 Other consumer loans 7,265 54 7,319 Commercial and industrial 158,312 3,205 4,502 - 166,019 $ 674,536 $ 27,154 $ 18,066 $ - $ 762,759 $ 6,433 $ 1,488,948 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 years ended December 31, 2019, 2018 and 2017. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses on other segments. December 31, 2019 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 8,426 $ 1,548 $ 3,307 $ 13,281 Provision charged (credited) to expense 322 (79) 1,707 1,950 Losses charged off (202) (241) (1,714) (2,157) Recoveries 28 4 201 233 Balance, end of period $ 8,574 $ 1,232 $ 3,501 $ 13,307 December 31, 2018 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of period $ 7,704 $ 1,761 $ 2,922 $ 12,387 Provision charged (credited) to expense 914 (57) 1,263 2,120 Losses charged off (204) (174) (1,088) (1,466) Recoveries 12 18 210 240 Balance, end of period $ 8,426 $ 1,548 $ 3,307 $ 13,281 December 31, 2017 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 7,358 $ 2,303 $ 2,721 $ 12,382 Provision charged (credited) to expense 483 (271) 1,008 1,220 Losses charged off (161) (284) (967) (1,412) Recoveries 24 13 160 197 Balance, end of period $ 7,704 $ 1,761 $ 2,922 $ 12,387 The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of December 31, 2019, 2018 and 2017. December 31, 2019 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ - $ 40 $ 87 $ 127 Collectively evaluated for impairment 8,574 1,192 3,414 13,180 Total allowance for loan losses $ 8,574 $ 1,232 $ 3,501 $ 13,307 Loan balances Individually evaluated for impairment $ 6,228 $ 1,181 $ 251 $ 7,660 Collectively evaluated for impairment 713,528 414,684 353,076 1,481,288 Gross loans $ 719,756 $ 415,865 $ 353,327 $ 1,488,948 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 December 31, 2017 Commercial Mortgage Consumer Total Allowance balances Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 7,604 1,761 2,922 12,287 Total allowance for loan losses $ 7,704 $ 1,761 $ 2,922 $ 12,387 Loan balances Individually evaluated for impairment $ 2,064 $ 1,543 $ - $ 3,607 Collectively evaluated for impairment 475,863 442,700 264,543 1,183,106 Gross loans $ 477,927 $ 444,243 $ 264,543 $ 1,186,713
Troubled Debts Restructured	The following tables describe troubled debts restructured during the years ended December 31, 2019, 2018 and 2017. 2019 Pre-Modification Post-Modification No. of Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 5 $ 131 $ 134 Consumer open end and junior liens 2 33 33 Other loans Consumer Loans Auto 3 25 25 Boat/RVs 4 316 316 Other consumer loans 1 10 10 Commercial and industrial 1 49 49 2018 Pre-Modification Post-Modification No. of Loans Recorded Balance Recorded Balance Real estate Commercial 1 $ 26 $ 30 Consumer closed end first mortgage 9 381 388 Consumer open end and junior liens 4 82 94 Other loans Consumer loans Auto 3 31 30 Boat/RVs 6 353 348 Other consumer loans 1 4 4 Commercial and industrial 1 60 61 2017 Pre-Modification Post-Modification No. of Loans Recorded Balance Recorded Balance Real estate Consumer closed end first mortgage 7 $ 320 $ 324 Consumer open end and junior liens 2 16 16 Other loans Commercial and industrial 1 72 72
Newly Restructured Loans by Types	Newly restructured loans by type for the years ended December 31, 2019, 2018 and 2017 are as follows: 2019 Total Rate Term Combination Modification Real estate Consumer closed end first mortgage $ - $ - $ 134 $ 134 Consumer open end and junior liens - 7 26 33 Other loans Consumer loans Auto - 8 17 25 Boat/RVs - 16 300 316 Other consumer loans - 10 - 10 Commercial and industrial - 49 - 49 2018 Total Rate Term Combination Modification Real estate Commercial $ - $ 30 $ - $ 30 Consumer closed end first mortgage - 38 350 388 Consumer open end and junior liens - 35 59 94 Other loans Consumer loans Auto - 30 - 30 Boat/RVs - 321 27 348 Other consumer loans 4 - 4 Commercial and industrial - 61 - 61 2017 Total Rate Term Combination Modification Real Estate Consumer closed end first mortgage $ - $ 27 $ 297 $ 324 Consumer open end and junior liens - 3 13 16 Other loans Commercial and industrial - 72 - 72
Troubled Debts Restructured Defaulted	Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2019, 2018 and 2017, respectively, are listed in the tables below. Defaults are defined as any loans that become 90 days past due. 2019 Post-Modification Outstanding No. of Loans Recorded Balance Real Estate Consumer closed end first mortgage 1 $ 80 Other loans Consumer loans Boat/RV 2 299 2018 Post-Modification Outstanding No. of Loans Recorded Balance Real Estate Consumer closed end first mortgage 1 $ 48 Consumer open end and junior liens 1 5 2017 Post-Modification Outstanding No. of Loans Recorded Balance Real Estate Consumer closed end first mortgage 1 $ 79

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Aggregate Amount of Loans to Related Parties	The aggregate amount of loans, as defined, to such related parties was as follows: 2019 Balances, January 1, $ 6,075 Change in composition (842) New loans, including renewals 3,867 Payments, etc., including renewals (4,487) Balances, December 31, $ 4,613

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Premises and Equipment [Abstract]
Premises and Equipment	Major classifications of premises and equipment are as follows: December 31, 2019 2018 Land $ 9,008 $ 9,323 Buildings and land improvements 22,499 22,323 Equipment 16,930 16,196 Total cost 48,437 47,842 Accumulated depreciation and amortization (23,932) (22,201) Net $ 24,505 $ 25,641

Core Deposit and Other Intang_2

Core Deposit and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2019
Core Deposit and Other Intangibles [Abstract]
Carrying Basis of Recognized Intangible Assets	The carrying basis of recognized intangible assets at December 31, 2019 and 2018, were: 2019 2018 Core deposits $ 2,790 $ 3,569
Estimated Amortization Expense	Estimated amortization expense for the remaining life is: 2020 $ 640 2021 518 2022 406 2023 312 2024 241 Thereafter 673 $ 2,790

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 were: 2019 2018 Balance as of January 1 $ 22,310 $ 1,800 Goodwill acquired during the year - 22,069 Measurement period adjustments - (1,559) Balance as of December 31 $ 22,310 $ 22,310

Accounting for Certain Loans _2

Accounting for Certain Loans Acquired in a Transfer (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Schedule of Acquired Loans	The following table presents the carrying amounts of the acquired loans included in the balance sheet amounts of loans receivable as of December 31, 2019 and 2018. 2019 2018 Outstanding balance Real estate Commercial $ 84,848 $ 120,249 Commercial construction and development 6,108 8,664 Consumer closed end first mortgage 24,218 30,694 Consumer open end and junior liens 6,452 8,032 Total real estate loans 121,626 167,639 Other loans Consumer loans Auto 524 1,138 Boat/RVs 17 97 Other 311 523 Commercial and industrial 8,277 10,571 Total other loans 9,129 12,329 Total loans $ 130,755 $ 179,968 Carrying amount $ 129,045 $ 177,169 Allowance - - Carrying amount net of allowance $ 129,045 $ 177,169

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Financial Instruments [Abstract]
Amounts of Derivative Financial Instruments	The following table shows the amounts of derivative financial instruments at December 31, 2019 and 2018. Derivatives Fair Value Fair Value Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, Location 2019 2018 Location 2019 2018 Derivatives not designated as hedging instruments: Interest rate contracts Other assets $ 1,278 $ 599 Other liabilities $ 1,278 $ 599

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Deposits	Deposits were comprised of the following at December 31, 2019 and 2018: December 31, 2019 2018 Demand deposits $ 661,388 $ 668,044 Savings 177,296 182,346 Money market savings 208,699 170,380 Certificates and other time deposits of $100,000 or more 201,861 184,788 Other certificates 190,933 193,162 Brokered deposits 113,301 120,505 Total deposits $ 1,553,478 $ 1,519,225
Certificates, Including Other Time Deposits	At December 31, 2019 and 2018, total deposits that meet or exceed the FDIC’s standard deposit insurance amount of $250,000 were $439.2 million and $419.8 million, respectively. Certificates maturing in years ending December 31 are as follows: 2020 $ 349,333 2021 76,550 2022 34,003 2023 20,186 2024 21,765 Thereafter 815 $ 502,652

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances (Tables)	12 Months Ended
	Dec. 31, 2019
Federal Home Loan Bank Advances [Abstract]
Federal Home Loan Bank Advances Maturing by Period	FHLB advances maturing in years ending December 31 are as follows: 2020 $ 107,824 2021 31,565 2022 14,991 2023 6,999 2024 15,000 Thereafter 69,500 $ 245,879

Other Borrowings (Tables)

Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2019
Other Borrowings [Abstract]
Components of Other Borrowings	Other borrowings consisted of the following component as of December 31: 2019 2018 Notes payable $ 9,150 $ 9,665 Subordinated debentures, net of discount 8,423 8,323 Total $ 17,573 $ 17,988
Schedule of Contractual Obligations by Maturity	Contractual maturities of notes payable as of December 31, 2019, are as follows: Principal Payments Due in Years Ending December 31: 2020 $ 1,061 2021 1,084 2022 829 2023 6,176 $ 9,150

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2019
Lease Commitments [Abstract]
Schedule of operating lease financial position	Statement of Financial Condition classification December 31, 2019 Operating lease right of use asset Other Assets $ 2,607 Operating lease liabilities Other Liabilities $ 2,627
Schedule of components of operating lease expense	Statement of Income classification 2019 2018 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	2020 $ 753 2021 619 2022 530 2023 333 2024 45 Thereafter 1,174 Total lease payments $ 3,454 Less: present value discount 827 Present value of lease liabilities $ 2,627
Schedule of lease information	December 31, 2019 Weighted average remaining lease term 10.60 years Weighted average discount rate 3.76 % Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from leases $ 759

Loan Servicing (Tables)

Loan Servicing (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Unpaid Principal Balances of Loans Serviced	Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of these loans consist of the following: 2019 2018 Loans serviced for Freddie Mac $ 403,111 $ 365,863 Fannie Mae 62,958 75,162 FHLB 46,759 54,399 Other investors 1,246 1,176 $ 514,074 $ 496,600
Mortgage-Servicing Rights	2019 2018 2017 Mortgage-servicing rights Balances, January 1 $ 2,671 $ 1,504 $ 1,351 Mortgage-servicing rights acquired - 1,325 - Servicing rights capitalized 818 438 549 Amortization of servicing rights (673) (596) (396) $ 2,816 $ 2,671 $ 1,504
Fair Value of Servicing Rights	The fair value of servicing rights subsequently measured using the amortization method was as follows: 2019 2018 2017 Mortgage-servicing rights Fair value, beginning of period $ 3,518 $ 2,246 $ 2,110 Fair value, end of period 3,436 3,518 2,246

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax [Abstract]
Provision for Income Taxes	The provision for income taxes includes these components: 2019 2018 2017 Income tax expense Currently payable (receivable) Federal $ 2,636 $ (505) $ 3,231 State - - - Deferred Federal 53 3,465 1,342 Effect of "Tax Cuts and Jobs Act" - - 2,000 State (330) - 220 Total income tax expense $ 2,359 $ 2,960 $ 6,793
Reconciliation of Income Tax Expenses At Federal Rate to Actual Tax Expense	A reconciliation of income tax expense at the federal statutory rate to actual tax expense is shown below: 2019 2018 2017 Federal statutory income tax at 21%, 21% & 34%, respectively $ 5,483 $ 4,583 $ 6,496 Non tax captive insurance income (275) (245) (310) State taxes (261) - 145 Tax credits (134) (134) (96) Tax-exempt income (1,520) (1,355) (1,453) Effect of "Tax Cuts and Jobs Act" - - 2,000 Equity compensation (715) - - Other (219) 111 11 Actual tax expense $ 2,359 $ 2,960 $ 6,793 Effective tax rate 9.03 % 13.56 % 35.55 %
Components of Deferred Assets	The components of the net deferred tax asset included on the consolidated balance sheets at December 31, were as follows: December 31, 2019 2018 Assets Allowance for loan losses $ 3,201 $ 3,054 Deferred compensation 2,360 1,855 Business tax and AMT credit carryovers 408 821 Net operating loss carryover 2,861 3,256 Goodwill impairment 391 630 Purchase accounting adjustments 1,070 1,322 Unrealized loss on securities available for sale - 640 Other real estate owned 999 1,001 Other 1,316 902 Total assets 12,606 13,481 Liabilities Unrealized gain on securities available for sale $ (2,289) $ - Depreciation and amortization (860) (580) FHLB stock (298) (298) State income tax (391) (425) Loan fees (239) (257) Investments in limited partnerships (1,218) (1,424) Mortgage servicing rights (782) (717) Core deposit intangible (884) (1,042) Other (199) (629) Total liabilities (7,160) (5,372) Valuation Allowance Beginning balance (365) (407) Decrease during period 65 42 Ending balance (300) (365) Net deferred tax asset $ 5,146 $ 7,744

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 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: December 31, December 31, 2019 2018 Net unrealized gain (loss) on securities available for sale $ 10,677 $ (3,187) Net unrealized gain relating to defined benefit plan liability (314) (99) 10,363 (3,286) Tax effect (2,213) 662 Net of tax amount $ 8,150 $ (2,624)
Reclassification out of Accumulated Other Comprehensive Income (Loss)	The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Statement of Income for the years ended December 31, 2019, 2018 and 2017. Amount Reclassified from Accumulated Other Comprehensive Income For the Year Ended December 31, Details about Accumulated Other Comprehensive Income Components 2019 2018 2017 Affected Line Item in the Statements of Income Realized gains on available for sale securities Realized securities gains reclassified into income $ 1,014 $ 804 $ 708 Total non-interest income - net realized gains on sale of available for sale securities Related income tax expense (213) (169) (241) Income tax expense Total reclassifications for the period, net of tax $ 801 $ 635 $ 467

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Significant Estimates [Abstract]
Financial Instruments Contract Amount That Represents Credit Risk	Financial instruments whose contract amount represents credit risk as of December 31: 2019 2018 Loan commitments $ 254,463 $ 265,696 Standby letters of credit 3,296 2,106

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2019
Regulatory Capital [Abstract]
Actual Capital Amounts and Ratios	The Bank’s actual capital amounts and ratios as of December 31, are presented in the tables below. December 31, 2019 Minimum Required To Minimum Regulatory be Considered Actual Capital Levels Capital Levels Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1): MutualBank $ 201,197 9.9 % $ 80,985 4.0 % $ 101,231 5.0 % Common Equity Tier 1 Capital Level (2) : MutualBank $ 201,197 13.0 % $ 69,574 4.5 % $ 100,496 6.5 % Tier 1 Risk-Based Capital Level (3) : MutualBank $ 201,197 13.0 % $ 92,766 6.0 % $ 123,688 8.0 % Total Risk-Based Capital Level (4) : MutualBank $ 214,504 13.9 % $ 123,688 8.0 % $ 154,610 10.0 % Tier 1 Capital to Total Average Assets for the Leverage Ratio of $2.0 billion for the Bank at December 31, 2019. Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.5 billion for the Bank at December 31, 2019. Tier 1 Capital to Risk-Weighted Assets. Total Capital to Risk-Weighted Assets. December 31, 2018 Minimum Required To Minimum Regulatory be Considered Actual Capital Levels Capital Levels Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1) : MutualBank $ 184,803 9.2 % $ 80,309 4.0 % $ 100,386 5.0 % Common Equity Tier 1 Capital Level (2) : MutualBank $ 184,803 12.1 % $ 68,476 4.5 % $ 98,910 6.5 % Tier 1 Risk-Based Capital Level (3) : MutualBank $ 184,803 12.1 % $ 91,301 6.0 % $ 121,735 8.0 % Total Risk-Based Capital Level (4) : MutualBank $ 198,084 13.0 % $ 121,734 8.0 % $ 152,169 10.0 % Tier 1 Capital to Total Average Assets for the Leverage Ratio of $2.0 billion for the Bank at December 31, 2018. Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.5 billion for the Bank at December 31, 2018. Tier 1 Capital to Risk-Weighted Assets. Total Capital to Risk-Weighted Assets.

Stock Option Plans (Tables)

Stock Option Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Stock Option Plans [Abstract]
Summary of Status and Changes in Stock Option Plan	The following is a summary of the status of the Company’s stock option plans and changes in these plans during 2019. 2019 Weighted Weighted Aggregate Average Average Intrinsic Exercise Remaining Value Options Shares Price Contractual Life (in thousands) Outstanding, beginning of year 210,862 $ 7.63 Exercised 140,962 7.43 Outstanding and exercisable, end of year 69,900 $ 8.03 4.9 years $ 2,211

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Earnings per share were computed as follows: 2019 Weighted Net Income Shares Amount Basic Earnings Per Share Net income $ 23,751 8,575,355 $ 2.77 Effect of Dilutive Securities Stock options 106,753 Diluted Earnings Per Share Net income available and assumed conversions $ 23,751 8,682,108 $ 2.74 2018 Weighted Net Income Shares Amount Basic Earnings Per Share Net income $ 18,864 8,394,195 $ 2.25 Effect of Dilutive Securities Stock options 149,302 Diluted Earnings Per Share Net income available and assumed conversions $ 18,864 8,543,497 $ 2.21 2017 Weighted Average Per-Share Net Income Shares Amount Basic Earnings Per Share Net income $ 12,315 7,360,066 $ 1.67 Effect of Dilutive Securities Stock options 141,993 Diluted Earnings Per Share Net income available and assumed conversions $ 12,315 7,502,059 $ 1.64

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Values of Financial Instruments [Abstract]
Fair Value Measurements of Assets Measured at Fair Value on Recurring Basis	The following table presents the fair value measurements of assets and liabilities measured on a recurring basis and the level within the ASC 820 fair value hierarchy. Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2019 Available for sale securities Mortgage-backed securities $ 125,801 $ - $ 125,801 $ - Collateralized mortgage obligations 91,373 - 91,373 - Municipal obligations 166,250 - 166,250 - Corporate obligations 2,198 - - 2,198 Interest rate swap asset 1,278 - 1,278 - Interest rate swap liability 1,278 - 1,278 - 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 years ended December 31, 2019, 2018 and 2017 of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable (Level 3) inputs: 2019 2018 2017 Beginning balance $ 2,355 $ 2,721 $ 2,588 Total realized and unrealized gains (losses) Included in net income - (44) - Included in other comprehensive income (loss) (150) 561 133 Purchases, issuances and settlements (7) (883) - Ending balance $ 2,198 $ 2,355 $ 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. December 31, 2019 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,198 Discounted cash flow Discount rate 6.3 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.6 % Projected cures given deferral 0-15.0 % Loss severity 26.5 % Impaired loans (collateral dependent) $ 460 Third party valuations Discount to reflect realizable value less estimated selling costs 7.2-34.9 % Other real estate owned $ 188 Third party valuations Discount to reflect realizable value less estimated selling costs 20.0 % 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 December 31, 2019 Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 32,323 $ 32,323 $ 32,323 $ - $ - Interest-bearing time deposits 3,496 3,496 3,496 - - Loans held for sale 13,397 13,798 - 13,798 - Loans, net 1,476,925 1,450,636 - - 1,450,636 FHLB stock 13,115 13,115 - 13,115 - Interest receivable 6,932 6,932 - 6,932 - Liabilities Deposits 1,553,478 1,555,045 1,050,827 - 504,218 FHLB advances 245,879 246,512 - 246,512 - Other borrowings 17,573 17,150 - 17,150 - Interest payable 1,071 1,071 - 1,071 - 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 -

Condensed Financial Informati_2

Condensed Financial Information (Parent Company Only) (Tables) - MutualFirst Financial, Inc.	12 Months Ended
	Dec. 31, 2019
Condensed Balance Sheets	Condensed Balance Sheets 2019 2018 Assets Cash on deposit with Bank $ 2,974 $ 3,590 Cash on deposit with others 102 95 Total cash 3,076 3,685 Investment in common stock of subsidiaries 239,917 214,195 Other assets 1,444 2,838 Total assets $ 244,437 $ 220,718 Liabilities Other borrowings $ 17,573 $ 17,988 Other liabilities 52 367 Total liabilities 17,625 18,355 Stockholders’ Equity 226,812 202,363 Total liabilities and stockholders’ equity $ 244,437 $ 220,718
Condensed Statements of Income	Condensed Statements of Income 2019 2018 2017 Income Dividends from subsidiaries $ 11,000 $ 6,695 $ 15,100 Other income 15 9 - Total income 11,015 6,704 15,100 Expenses 2,710 1,922 1,041 Income before income tax and equity in undistributed income of subsidiaries 8,305 4,782 14,059 Income tax benefit (498) (412) (495) Income before equity in undistributed income (distributions in excess of income) of subsidiaries 8,803 5,194 14,554 Equity in undistributed income (distributions in excess of income) of subsidiaries 14,948 13,670 (2,239) Net Income Available to Common Shareholders $ 23,751 $ 18,864 $ 12,315
Condensed Statements of Comprehensive Income	Condensed Statements of Comprehensive Income 2019 2018 2017 Net income $ 23,751 $ 18,864 $ 12,315 Other comprehensive income: Net unrealized holding gain (loss) on securities available for sale 14,878 (2,912) 3,112 Less: Reclassification adjustment for realized gains included in net income (1,014) (804) (708) Net unrealized loss relating to defined benefit plan (215) (109) (20) 13,649 (3,825) 2,384 Income tax (expense) benefit related to other comprehensive income (2,875) 820 (749) Other comprehensive income (loss) 10,774 (3,005) 1,635 Comprehensive income $ 34,525 $ 15,859 $ 13,950
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows 2019 2018 2017 Operating Activities Net income $ 23,751 $ 18,864 $ 12,315 Item not requiring cash Deferred income tax benefit 314 20 (14) (Equity in undistributed income) distributions in excess of income of subsidiaries (14,948) (13,670) 2,239 Other 865 (660) 74 Net cash provided by operating activities 9,982 4,554 14,614 Investing Activity Net cash received (paid) in acquisition - (16,463) - Net cash used in investing activity - (16,463) - Financing Activities Repayment of other borrowings $ (515) $ (335) $ - Proceeds from other borrowings - 10,000 - Stock repurchased (4,262) - - Cash dividends (6,860) (6,354) (4,862) Proceeds from stock options exercised 1,046 253 1,156 Net cash provided by (used in) financing activities (10,591) 3,564 (3,706) Net Change in Cash (609) (8,345) 10,908 Cash, Beginning of Year 3,685 12,030 1,122 Cash, End of Year $ 3,076 $ 3,685 $ 12,030

Quarterly Results of Operatio_2

Quarterly Results of Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Results of Operations [Abstract]
Schedule of Quarterly Financial Information	Basic Diluted Provision Earnings Per Earnings Per Interest Interest Net Interest for Loan Common Common Quarter Ended Income Expense Income Losses Net Income Share Share 2019 March 31 $ 21,302 $ 5,260 $ 16,042 $ 475 $ 5,238 $ 0.61 $ 0.60 June 30 21,518 5,474 16,044 475 5,751 0.67 0.66 September 30 21,617 5,372 16,245 425 6,134 0.72 0.71 December 31 20,892 4,926 15,966 575 6,628 0.77 0.77 Total $ 85,329 $ 21,032 $ 64,297 $ 1,950 $ 23,751 $ 2.77 $ 2.74 2018 March 31 $ 16,748 $ 3,164 $ 13,584 $ 450 $ 4,007 $ 0.51 $ 0.50 June 30 20,621 4,013 16,608 500 4,165 0.49 0.48 September 30 20,836 4,419 16,417 570 5,402 0.63 0.62 December 31 21,489 4,995 16,494 600 5,290 0.62 0.61 Total $ 79,694 $ 16,591 $ 63,103 $ 2,120 $ 18,864 $ 2.25 $ 2.21 2017 March 31 $ 14,109 $ 2,396 $ 11,713 $ 200 $ 3,206 $ 0.44 $ 0.43 June 30 14,652 2,565 12,087 300 3,898 0.53 0.52 September 30 15,026 2,762 12,264 370 3,751 0.51 0.50 December 31 15,081 2,888 12,193 350 1,460 0.20 0.19 Total $ 58,868 $ 10,611 $ 48,257 $ 1,220 $ 12,315 $ 1.67 $ 1.64

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Uninsured accounts	$ 4.7
Historical methodology duration period	3 years
Premises and equipment depreciation method used	straight-line
Minimum
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Premises and equipment estimated useful lives	3 years
Intangible assets amortization period	3 years
Maximum
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Premises and equipment estimated useful lives	50 years
Intangible assets amortization period	15 years
Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Uninsured accounts	$ 3.8

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - USD ($)	Oct. 29, 2019	Feb. 28, 2018	Dec. 31, 2019	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		2,400,000	$ 340,000
Core deposit intangible		4,545,000
Goodwill		$ 20,511,000
Finite Lived Intangible Asset Useful Life		15 years
Total purchase price		$ 61,322,000
Credit adjustment		4,600,000
Total consideration		$ 61,322,000
Northwest Bancshares | Merger Agreement
Business Acquisition [Line Items]
Total purchase price	$ 346,000,000
Right to receive number of shares	2.4
Total consideration	$ 346,000,000

Business Combinations (Schedule

Business Combinations (Schedule of Recognized Identified Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Feb. 28, 2018	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2017
Assets:
Goodwill		$ 22,310	$ 22,310	$ 1,800
Liabilities:
Cash paid		$ 18,999
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:
Non-interest bearing	81,061
NOW accounts	66,372
Savings and money market	85,690
Certificate of deposits	82,107
Total deposits	315,230
Borrowings	25,463
Interest payable	81
Subordinated debt	4,000
Other liabilities	462
Total liabilities assumed	345,236
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

Impact of Accounting Pronounc_2

Impact of Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 2,607
Operating Lease, Liability	$ 2,627
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset		$ 3,600
Operating Lease, Liability		$ 3,600

Restriction on Cash (Narrative)

Restriction on Cash (Narrative) (Details) $ in Millions	Dec. 31, 2019USD ($)
Restriction on Cash [Abstract]
Cash and cash equivalent reserved amount	$ 3.5

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investment Securities [Abstract]
Fair value of investments reported at less than historical cost	$ 64,400,000	$ 206,914,000
Percentage of Bank portfolio	16.70%	55.80%
Securities pledged as collateral	$ 2,700,000	$ 0
Proceeds from sales of securities, available for sale	30,833,000	67,002,000	$ 34,592,000
Gross realized gain on sale of securities	1,000,000	892,000	776,000
Gross realized losses on sale of securities	5,000	88,000	$ 68,000
Other than temporary impairment losses investments available for sale securities	$ 0	$ 0
Percentage of recovery estimate depository institutions	10.00%
Percentage of recovery estimate insurance companies	15.00%

Investment Securities (Amortize

Investment Securities (Amortized Cost and Fair Values of Securities ) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 374,945	$ 374,062
Gross Unrealized Gains	11,919	2,461
Gross Unrealized Losses	(1,242)	(5,648)
Fair Value, available for sale	385,622	370,875
Mortgage-backed securities, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	124,096	106,094
Gross Unrealized Gains	1,940	296
Gross Unrealized Losses	(235)	(2,047)
Fair Value, available for sale	125,801	104,343
Collateralized mortgage obligations, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	91,013	110,994
Gross Unrealized Gains	562	157
Gross Unrealized Losses	(202)	(1,870)
Fair Value, available for sale	91,373	109,281
Municipals
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	156,845	153,976
Gross Unrealized Gains	9,417	2,008
Gross Unrealized Losses	(12)	(1,088)
Fair Value, available for sale	166,250	154,896
Corporate obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,991	2,998
Gross Unrealized Losses	(793)	(643)
Fair Value, available for sale	$ 2,198	$ 2,355

Investment Securities (Investme

Investment Securities (Investments Gross Unrealized Losses and Fair Value in Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 27,981	$ 83,816
Less than 12 months, Unrealized Losses	(96)	(1,001)
12 months or more, Fair Value	36,419	123,098
12 months or more, Unrealized Losses	(1,146)	(4,647)
Total, Fair Value	64,400	206,914
Total, Unrealized Losses	(1,242)	(5,648)
Mortgage-backed securities, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	8,718	33,176
Less than 12 months, Unrealized Losses	(28)	(348)
12 months or more, Fair Value	16,925	42,230
12 months or more, Unrealized Losses	(207)	(1,699)
Total, Fair Value	25,643	75,406
Total, Unrealized Losses	(235)	(2,047)
Collateralized mortgage obligations, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	16,708	15,139
Less than 12 months, Unrealized Losses	(56)	(111)
12 months or more, Fair Value	17,296	64,495
12 months or more, Unrealized Losses	(146)	(1,759)
Total, Fair Value	34,004	79,634
Total, Unrealized Losses	(202)	(1,870)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	2,555	35,501
Less than 12 months, Unrealized Losses	(12)	(542)
12 months or more, Fair Value		14,018
12 months or more, Unrealized Losses		(546)
Total, Fair Value	2,555	49,519
Total, Unrealized Losses	(12)	(1,088)
Corporate obligations
Schedule of Available-for-sale Securities [Line Items]
12 months or more, Fair Value	2,198	2,355
12 months or more, Unrealized Losses	(793)	(643)
Total, Fair Value	2,198	2,355
Total, Unrealized Losses	$ (793)	$ (643)

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Fair Value of Available-for-Sale Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Security obligations due, amortized cost, One to five years	$ 952
Security obligations due, amortized cost, Five to ten years	17,197
Security obligations due, amortized cost, After ten years	141,687
Available for sale, amortized cost, total	159,836
Available for sale, amortized cost	374,945	$ 374,062
Security obligations due, Fair value, One to five years	1,002
Security obligations due, Fair value, Five to ten years	17,939
Security obligations due, Fair value, After ten years	149,507
Total Security obligations due, Fair value	168,448
Investment securities available for sale (carried at fair value)	385,622	370,875
Mortgage-backed securities, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	124,096	106,094
Investment securities available for sale (carried at fair value)	125,801	104,343
Collateralized mortgage obligations, Government sponsored agencies
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	91,013	110,994
Investment securities available for sale (carried at fair value)	$ 91,373	$ 109,281

Loans and Allowance (Narrative)

Loans and Allowance (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Loans and Allowance [Abstract]
Mortgage loans in process of foreclosure, amount	$ 1,900,000	$ 833,000
Real estate held-for-sale	$ 805,000	$ 541,000

Loans and Allowance (Categories

Loans and Allowance (Categories of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,488,948	$ 1,497,256	$ 1,186,713
Undisbursed loans in process	(7,516)	(10,096)
Unamortized deferred loan costs, net	8,800	8,783
Allowance for loan losses	(13,307)	(13,281)	$ (12,387)	$ (12,382)
Net loans	1,476,925	1,482,662
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	504,241	485,808
Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	49,496	53,310
First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	415,865	464,539
Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	75,596	77,072
Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	57,107	43,667
Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	213,305	216,608
Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,319	6,893
Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	166,019	149,359
Real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,045,198	1,080,729
Real estate [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	504,241	485,808
Real estate [Member] | Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	49,496	53,310
Real estate [Member] | First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	415,865	464,539
Real estate [Member] | Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	75,596	77,072
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	443,750	416,527
Other [Member] | Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	57,107	43,667
Other [Member] | Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	213,305	216,608
Other [Member] | Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,319	6,893
Other [Member] | Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 166,019	$ 149,359

Loans and Allowance (Non-Accrua

Loans and Allowance (Non-Accrual Loan, Segregated by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 7,040	$ 8,589
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	756	4,782
Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	631	62
First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	3,682	2,777
Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	352	273
Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	256	88
Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	944	470
Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	51	46
Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 368	$ 91

Loans and Allowance (Age Analys

Loans and Allowance (Age Analysis of Past Due Loans Segregated by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 22,281	$ 28,022
Current	1,466,667	1,469,234
Total loans receivable	1,488,948	1,497,256	$ 1,186,713
Total Loans > 90 Days or More and Accruing	156	517
30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11,809	17,091
60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,717	3,023
90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,755	7,908
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,391	6,058
Current	498,850	479,750
Total loans receivable	504,241	485,808
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,218	1,145
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,751	536
Commercial Real Estate [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	422	4,377
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	745	4,694
Current	48,751	48,616
Total loans receivable	49,496	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	114	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	631	61
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,331	801
Current	164,688	148,558
Total loans receivable	166,019	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	855	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	108	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	368	91
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,799	12,205
Current	406,066	452,334
Total loans receivable	415,865	464,539
Total Loans > 90 Days or More and Accruing	156	517
Consumer [Member] | First Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,731	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	1,774	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	2,294	2,696
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	975	687
Current	74,621	76,385
Total loans receivable	75,596	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	447	353
Consumer [Member] | Second Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	220	114
Consumer [Member] | Second Mortgage [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	308	220
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	736	345
Current	56,371	43,322
Total loans receivable	57,107	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	424	257
Consumer [Member] | Automobile Loan [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	104	16
Consumer [Member] | Automobile Loan [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	208	72
Consumer [Member] | Boat/RVs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,059	3,118
Current	210,246	213,490
Total loans receivable	213,305	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	1,892	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	692	594
Consumer [Member] | Boat/RVs [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	475	350
Consumer [Member] | Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	245	114
Current	7,074	6,779
Total loans receivable	7,319	6,893
Consumer [Member] | Other [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	128	65
Consumer [Member] | Other [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	68	8
Consumer [Member] | Other [Member] | 90 Days Past Due or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 49	$ 41

Loans and Allowance (Impaired L

Loans and Allowance (Impaired Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Impaired Financing Receivable With Related Allowance [Abstract]
Specific Allowance	$ 127	$ 100	$ 100
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	7,660	8,315	3,607
Unpaid principal balance, total	7,660	8,408	3,677
Average investment in impaired loans, total	7,733	4,148	3,408
Interest income recognized, total	396	32	40
Commercial Real Estate [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	5,542	6,324	878
Unpaid principal balance	5,542	6,377	878
Average investment in impaired loans	5,878	1,882	765
Interest income recognized	377		1
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance		174	214
Unpaid principal balance		214	214
Specific Allowance		100	100
Average investment in impaired loans		206	214
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	5,542	6,498	1,092
Unpaid principal balance, total	5,542	6,591	1,092
Average investment in impaired loans, total	5,878	2,088	979
Interest income recognized, total	377		1
Commercial Segment [Member] | Construction Loans [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	642	549	700
Unpaid principal balance	642	549	700
Average investment in impaired loans	496	633	762
Interest income recognized	17	27	33
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	642	549	700
Unpaid principal balance, total	642	549	700
Average investment in impaired loans, total	496	633	762
Interest income recognized, total	17	27	33
Commercial Segment [Member] | Commercial and Industrial [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	44	131	272
Unpaid principal balance	44	131	342
Average investment in impaired loans	86	167	216
Interest income recognized	2	5	5
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	44	131	272
Unpaid principal balance, total	44	131	342
Average investment in impaired loans, total	86	167	216
Interest income recognized, total	2	5	5
Consumer [Member] | First Mortgage [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	844	1,137	1,543
Unpaid principal balance	844	1,137	1,543
Average investment in impaired loans	903	1,260	1,451
Interest income recognized			1
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance	337
Unpaid principal balance	337
Specific Allowance	40
Average investment in impaired loans	269
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	1,181	1,137	1,543
Unpaid principal balance, total	1,181	1,137	1,543
Average investment in impaired loans, total	1,172	$ 1,260	1,451
Interest income recognized, total			$ 1
Consumer [Member] | Boat/RVs [Member]
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance	251
Unpaid principal balance	251
Specific Allowance	87
Average investment in impaired loans	101
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	251
Unpaid principal balance, total	251
Average investment in impaired loans, total	$ 101

Loans and Allowance (Commercial

Loans and Allowance (Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,488,948	$ 1,497,256	$ 1,186,713
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	504,241	485,808
Commercial Real Estate [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	469,840	465,888
Commercial Real Estate [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	21,837	9,501
Commercial Real Estate [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	12,564	10,419
Commercial Segment [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	674,536	654,242
Commercial Segment [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	27,154	19,622
Commercial Segment [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	18,066	14,613
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	49,496	53,310
Commercial Segment [Member] | Construction Loans [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	46,384	46,649
Commercial Segment [Member] | Construction Loans [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	2,112	6,112
Commercial Segment [Member] | Construction Loans [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	1,000	549
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	166,019	149,359
Commercial Segment [Member] | Commercial and Industrial [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	158,312	141,705
Commercial Segment [Member] | Commercial and Industrial [Member] | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	3,205	4,009
Commercial Segment [Member] | Commercial and Industrial [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	4,502	3,645
Consumer [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	762,759	802,747
Consumer [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	6,433	6,032
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	415,865	464,539
Consumer [Member] | First Mortgage [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	411,372	459,771
Consumer [Member] | First Mortgage [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	4,493	4,768
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	75,596	77,072
Consumer [Member] | Second Mortgage [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	75,188	76,752
Consumer [Member] | Second Mortgage [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	408	320
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	57,107	43,667
Consumer [Member] | Automobile Loan [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	56,836	43,559
Consumer [Member] | Automobile Loan [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	271	108
Consumer [Member] | Boat/RVs [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	213,305	216,608
Consumer [Member] | Boat/RVs [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	212,098	215,830
Consumer [Member] | Boat/RVs [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	1,207	778
Consumer [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,319	6,893
Consumer [Member] | Other [Member] | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	7,265	6,835
Consumer [Member] | Other [Member] | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 54	$ 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												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period				$ 13,281				$ 12,387				$ 12,382	$ 13,281	$ 12,387	$ 12,382
Provision charged (credited) to expense	$ 575	$ 425	$ 475	475	$ 600	$ 570	$ 500	450	$ 350	$ 370	$ 300	200	1,950	2,120	1,220
Losses charged off													(2,157)	(1,466)	(1,412)
Recoveries													233	240	197
Allowance for loan losses, End of period	13,307				13,281				12,387				13,307	13,281	12,387
Allowance for loan losses, individually evaluated for impairment, Ending balance																$ 127	$ 100	$ 100
Allowance for loan losses, collectively evaluated for impairment, Ending balance																13,180	13,181	12,287
Total allowance for loan losses	13,307			13,281	13,281			12,387	12,387			12,382	13,307	13,281	12,387	13,307	13,281	12,387
Loans, individually evaluated for impairment, Ending balance																7,660	8,315	3,607
Loans, collectively evaluated for impairment, Ending balance																1,481,288	1,488,941	1,183,106
Total loans receivable																1,488,948	1,497,256	1,186,713
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period				8,426				7,704				7,358	8,426	7,704	7,358
Provision charged (credited) to expense													322	914	483
Losses charged off													(202)	(204)	(161)
Recoveries													28	12	24
Allowance for loan losses, End of period	8,574				8,426				7,704				8,574	8,426	7,704
Allowance for loan losses, individually evaluated for impairment, Ending balance																	100	100
Allowance for loan losses, collectively evaluated for impairment, Ending balance																8,574	8,326	7,604
Total allowance for loan losses	8,574			8,426	8,426			7,704	7,704			7,358	8,574	8,426	7,704	8,574	8,426	7,704
Loans, individually evaluated for impairment, Ending balance																6,228	7,178	2,064
Loans, collectively evaluated for impairment, Ending balance																713,528	681,299	475,863
Total loans receivable																719,756	688,477	477,927
Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period				1,548				1,761				2,303	1,548	1,761	2,303
Provision charged (credited) to expense													(79)	(57)	(271)
Losses charged off													(241)	(174)	(284)
Recoveries													4	18	13
Allowance for loan losses, End of period	1,232				1,548				1,761				1,232	1,548	1,761
Allowance for loan losses, individually evaluated for impairment, Ending balance																40
Allowance for loan losses, collectively evaluated for impairment, Ending balance																1,192	1,548	1,761
Total allowance for loan losses	1,232			1,548	1,548			1,761	1,761			2,303	1,232	1,548	1,761	1,232	1,548	1,761
Loans, individually evaluated for impairment, Ending balance																1,181	1,137	1,543
Loans, collectively evaluated for impairment, Ending balance																414,684	463,402	442,700
Total loans receivable																415,865	464,539	444,243
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period				3,307				2,922				2,721	3,307	2,922	2,721
Provision charged (credited) to expense													1,707	1,263	1,008
Losses charged off													(1,714)	(1,088)	(967)
Recoveries													201	210	160
Allowance for loan losses, End of period	3,501				3,307				2,922				3,501	3,307	2,922
Allowance for loan losses, individually evaluated for impairment, Ending balance																87
Allowance for loan losses, collectively evaluated for impairment, Ending balance																3,414	3,307	2,922
Total allowance for loan losses	$ 3,501			$ 3,307	$ 3,307			$ 2,922	$ 2,922			$ 2,721	$ 3,501	$ 3,307	$ 2,922	3,501	3,307	2,922
Loans, individually evaluated for impairment, Ending balance																251
Loans, collectively evaluated for impairment, Ending balance																353,076	344,240	264,543
Total loans receivable																$ 353,327	$ 344,240	$ 264,543

Loans and Allowance (Troubled D

Loans and Allowance (Troubled Debts Restructured) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan		1
Pre-Modification Outstanding Recorded Balance		$ 26
Post-Modification Outstanding Recorded Balance		$ 30
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1	1	1
Pre-Modification Outstanding Recorded Balance	$ 49	$ 60	$ 72
Post-Modification Outstanding Recorded Balance	$ 49	$ 61	$ 72
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	5	9	7
Pre-Modification Outstanding Recorded Balance	$ 131	$ 381	$ 320
Post-Modification Outstanding Recorded Balance	$ 134	$ 388	$ 324
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	2	4	2
Pre-Modification Outstanding Recorded Balance	$ 33	$ 82	$ 16
Post-Modification Outstanding Recorded Balance	$ 33	$ 94	$ 16
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	3	3
Pre-Modification Outstanding Recorded Balance	$ 25	$ 31
Post-Modification Outstanding Recorded Balance	$ 25	$ 30
Consumer [Member] | Boat/RVs [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	4	6
Pre-Modification Outstanding Recorded Balance	$ 316	$ 353
Post-Modification Outstanding Recorded Balance	$ 316	$ 348
Consumer [Member] | Other [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1	1
Pre-Modification Outstanding Recorded Balance	$ 10	$ 4
Post-Modification Outstanding Recorded Balance	$ 10	$ 4

Loans and Allowance (Newly Rest

Loans and Allowance (Newly Restructured Loans by Type) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term		$ 30
Total modification		30
Commercial Segment [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	49	61	$ 72
Total modification	49	61	72
Consumer [Member] | First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term		38	27
Combination	134	350	297
Total modification	134	388	324
Consumer [Member] | Second Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	7	35	3
Combination	26	59	13
Total modification	33	94	$ 16
Consumer [Member] | Automobile Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	8	30
Combination	17
Total modification	25	30
Consumer [Member] | Boat/RVs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	16	321
Combination	300	27
Total modification	316	348
Consumer [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	10	4
Total modification	$ 10	$ 4

Loans and Allowance (Troubled_2

Loans and Allowance (Troubled Debts Restructured Defaulted) (Details) - Consumer [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
First Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1	1	1
Post-Modification Outstanding Recorded Balance | $	$ 80	$ 48	$ 79
Second Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan		1
Post-Modification Outstanding Recorded Balance | $		$ 5
Boat/RVs [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	2
Post-Modification Outstanding Recorded Balance | $	$ 299

Related Party Transactions (Agg

Related Party Transactions (Aggregate Amount of Loans to Related Parties) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Related Party Transactions [Abstract]
Beginning balance	$ 6,075
Change in composition	(842)
New loans, including renewals	3,867
Payments, etc., including renewals	(4,487)
Ending balance	$ 4,613

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Premises and Equipment	$ 48,437	$ 47,842
Accumulated depreciation and amortization	(23,932)	(22,201)
Premises and Equipment, net	24,505	25,641
Land
Property, Plant and Equipment [Line Items]
Premises and Equipment	9,008	9,323
Buildings and land improvements
Property, Plant and Equipment [Line Items]
Premises and Equipment	22,499	22,323
Equipment
Property, Plant and Equipment [Line Items]
Premises and Equipment	$ 16,930	$ 16,196

Core Deposit and Other Intang_3

Core Deposit and Other Intangibles (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Feb. 28, 2018
Business Acquisition [Line Items]
Amortization expense	$ 779,000	$ 1,103,000	$ 264,000
Universal Bancorp [Member]
Business Acquisition [Line Items]
Core deposit intangible				$ 4,545,000

Core Deposit and Other Intang_4

Core Deposit and Other Intangible (Carrying Basis of Recognized Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Recognized Intangible [Abstract]
Core deposits	$ 2,790	$ 3,569
Core deposit and other intangibles	$ 2,790	$ 3,569

Core Deposit and Other Intang_5

Core Deposit and Other Intangibles (Estimated Amortization Expense) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Core Deposit and Other Intangibles [Abstract]
2020	$ 640
2021	518
2022	406
2023	312
2024	241
Thereafter	673
Core deposit and other intangibles	$ 2,790	$ 3,569

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2019	Feb. 28, 2018	Dec. 31, 2017
Goodwill	$ 22,310,000		$ 22,310,000	$ 22,310,000		$ 1,800,000
Measurement period adjustment	$ (200,000)	$ (1,400,000)	$ (1,559,000)
Universal Bancorp [Member]
Goodwill					$ 20,511,000

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2018
Goodwill [Abstract]
Goodwill, Beginning Balance			$ 1,800,000
Goodwill acquired			22,069,000
Measurement period adjustment	$ (200,000)	$ (1,400,000)	(1,559,000)
Goodwill, Ending Balance	$ 22,310,000		$ 22,310,000

Accounting for Certain Loans _3

Accounting for Certain Loans Acquired in a Transfer (Schedule of Acquired Loans) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Feb. 28, 2018	Dec. 31, 2017
Total loans receivable	$ 1,488,948,000	$ 1,497,256,000		$ 1,186,713,000
Acquired loans with evidence of deterioration, fair value			$ 313,000
Accretable yield	1,700,000	2,800,000
Universal Bancorp [Member]
Total loans receivable	130,755,000	179,968,000
Carrying amount, gross	129,045,000	177,169,000
Allowance	(129,045,000)	(177,169,000)
Carrying amount net of allowance	129,045,000	177,169,000
Commercial Real Estate [Member]
Total loans receivable	504,241,000	485,808,000
Real estate [Member]
Total loans receivable	1,045,198,000	1,080,729,000
Real estate [Member] | Universal Bancorp [Member]
Total loans receivable	121,626,000	167,639,000
Real estate [Member] | Commercial Real Estate [Member]
Total loans receivable	504,241,000	485,808,000
Real estate [Member] | Commercial Real Estate [Member] | Universal Bancorp [Member]
Total loans receivable	84,848,000	120,249,000
Other [Member]
Total loans receivable	443,750,000	416,527,000
Other [Member] | Universal Bancorp [Member]
Total loans receivable	9,129,000	12,329,000
Construction Loans [Member] | Commercial Segment [Member]
Total loans receivable	49,496,000	53,310,000
Construction Loans [Member] | Real estate [Member] | Commercial Segment [Member]
Total loans receivable	49,496,000	53,310,000
Construction Loans [Member] | Real estate [Member] | Commercial Segment [Member] | Universal Bancorp [Member]
Total loans receivable	6,108,000	8,664,000
First Mortgage [Member] | Consumer [Member]
Total loans receivable	415,865,000	464,539,000
First Mortgage [Member] | Real estate [Member] | Consumer [Member]
Total loans receivable	415,865,000	464,539,000
First Mortgage [Member] | Real estate [Member] | Consumer [Member] | Universal Bancorp [Member]
Total loans receivable	24,218,000	30,694,000
Second Mortgage [Member] | Consumer [Member]
Total loans receivable	75,596,000	77,072,000
Second Mortgage [Member] | Real estate [Member] | Consumer [Member]
Total loans receivable	75,596,000	77,072,000
Second Mortgage [Member] | Real estate [Member] | Consumer [Member] | Universal Bancorp [Member]
Total loans receivable	6,452,000	8,032,000
Automobile Loan [Member] | Consumer [Member]
Total loans receivable	57,107,000	43,667,000
Automobile Loan [Member] | Other [Member] | Consumer [Member]
Total loans receivable	57,107,000	43,667,000
Automobile Loan [Member] | Other [Member] | Consumer [Member] | Universal Bancorp [Member]
Total loans receivable	524,000	1,138,000
Boat/RVs [Member] | Consumer [Member]
Total loans receivable	213,305,000	216,608,000
Boat/RVs [Member] | Other [Member] | Consumer [Member]
Total loans receivable	213,305,000	216,608,000
Boat/RVs [Member] | Other [Member] | Consumer [Member] | Universal Bancorp [Member]
Total loans receivable	17,000	97,000
Other [Member] | Consumer [Member]
Total loans receivable	7,319,000	6,893,000
Other [Member] | Other [Member] | Consumer [Member]
Total loans receivable	7,319,000	6,893,000
Other [Member] | Other [Member] | Consumer [Member] | Universal Bancorp [Member]
Total loans receivable	311,000	523,000
Commercial and Industrial [Member] | Commercial Segment [Member]
Total loans receivable	166,019,000	149,359,000
Commercial and Industrial [Member] | Other [Member] | Commercial Segment [Member]
Total loans receivable	166,019,000	149,359,000
Commercial and Industrial [Member] | Other [Member] | Commercial Segment [Member] | Universal Bancorp [Member]
Total loans receivable	$ 8,277,000	$ 10,571,000

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivative Financial Instruments [Abstract]
Notional amount of customer-facing swaps	$ 33,300,000	$ 21,100,000
Swap fee income recognized for the period	$ 164,000

Derivative Financial Instrume_4

Derivative Financial Instruments (Amounts of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	$ 1,278	$ 599
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability	$ 1,278	$ 599

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deposits [Abstract]
Time deposits, at or above FDIC insurance limit	$ 439.2	$ 419.8

Deposits (Schedule of Deposits)

Deposits (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deposits [Abstract]
Demand deposits	$ 661,388	$ 668,044
Savings	177,296	182,346
Money market savings	208,699	170,380
Certificates and other time deposits of $100,000 or more	201,861	184,788
Other certificates	190,933	193,162
Brokered deposits	113,301	120,505
Total deposits	$ 1,553,478	$ 1,519,225

Deposits (Certificates, Includi

Deposits (Certificates, Including Other Time Deposits of Hundred Thousand or More, Maturing by Period) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Deposits [Abstract]
2020	$ 349,333
2021	76,550
2022	34,003
2023	20,186
2024	21,765
Thereafter	815
Time Deposits, Total	$ 502,652

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances (Narrative) (Details) $ in Millions	Dec. 31, 2019USD ($)
Mortgage loans pledged as collateral for advances, value	$ 434.6
Federal Home Loan Bank Advances	42
Federal Home Loan Bank, Advances, Putable Option [Member]
Federal Home Loan Bank Advances	$ 71.5
Minimum
Interest rates on advances	0.69%
Maximum
Interest rates on advances	5.00%

Federal Home Loan Bank Advanc_4

Federal Home Loan Bank Advances (Advances Maturing by Period) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Federal Home Loan Bank Advances [Abstract]
2020	$ 107,824
2021	31,565
2022	14,991
2023	6,999
2024	15,000
Thereafter	69,500
Federal Home Loan Bank advances	$ 245,879	$ 292,497

Other Borrowings (Narrative) (D

Other Borrowings (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Feb. 28, 2018	Dec. 31, 2008
Debt Instrument [Line Items]
Notes Payable	$ 9,150	$ 9,665
Debt Instrument Interest Rate Description	The rate resets quarterly at the prevailing three-month LIBOR rate plus 170 basis points, which was 3.59% at December 31, 2019.
Subordinated debt	$ 8,423	$ 8,323
First Horizon Bank Fixed Rate [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Feb. 28, 2023
Debt Instrument, Face Amount	$ 5,000
Notes Payable	$ 4,200
Debt Instrument, Term	5 years
Interest rate	4.99%
Debt Instrument, Frequency of Periodic Payment	quarterly principal payments
First Horizon Bank Variable Rate [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Feb. 28, 2023
Debt Instrument, Interest Rate, Effective Percentage	4.04%
Debt Instrument, Face Amount	$ 5,000
Debt Instrument, Term	5 years
Universal Bancorp [Member]
Debt Instrument [Line Items]
Assumed debentures upon acquisition			$ 345,236
Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Sep. 15, 2035
Description of variable rate basis	three-month LIBOR
Medium-term Notes [Member] | First Horizon Bank [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			10,000
3-Month LIBOR [Member] | First Horizon Bank Variable Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.95%
3-Month LIBOR [Member] | Universal Bancorp [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.69%
After Five Years | 3-Month LIBOR [Member] | Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	170.00%
Pooled Trust Preferred Security [Member] | MFB Corporation [Member]
Debt Instrument [Line Items]
Assumed debentures upon acquisition				$ 5,000
Subordinated debt	$ 4,300
Pooled Trust Preferred Security [Member] | Universal Bancorp [Member]
Debt Instrument [Line Items]
Assumed debentures upon acquisition			$ 5,000
Debt instrument maturity date	Oct. 7, 2035
Subordinated debt	$ 4,100
Pooled Trust Preferred Security [Member] | 3-Month LIBOR [Member] | Universal Bancorp [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.68%
Pooled Trust Preferred Security [Member] | 3-Month LIBOR [Member] | Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.59%

Other Borrowings (Components of

Other Borrowings (Components of Other Borrowings) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other Borrowings [Abstract]
Notes Payable	$ 9,150	$ 9,665
Subordinated debentures	8,423	8,323
Other borrowings	$ 17,573	$ 17,988

Other Borrowings (Schedule of C

Other Borrowings (Schedule of Contractual Obligations by Maturity) (Details) - Notes Payable to Banks [Member] $ in Thousands	Dec. 31, 2019USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2020	$ 1,061
2021	1,084
2022	829
2023	6,176
Long-term Debt, Total	$ 9,150

Lease Commitments (Narrative) (

Lease Commitments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)lease
Number of operating leases identified | lease	16
Operating lease related to occupancy expenses	$ 758,000
Operating lease related to equipment expenses	$ 160,000
Minimum
Operating lease, term of contract	1 year
Maximum
Operating lease, term of contract	7 years

Lease Commitments (Schedule of

Lease Commitments (Schedule of operating lease financial position) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Lease Commitments [Abstract]
Operating Lease, Right-of-Use Asset	$ 2,607
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets
Operating Lease, Liability	$ 2,627
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities

Lease Commitments (Schedule o_2

Lease Commitments (Schedule of components of operating lease expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Lease Commitments [Abstract]
Operating lease cost	$ 646
Operating lease cost		$ 687
Short-term lease cost	76
Short-term lease cost		122
Variable lease cost	176
Variable lease cost		152
Total operating lease cost	$ 898
Total operating lease cost		$ 961

Lease Commitments (Schedule o_3

Lease Commitments (Schedule of minimum rental commitments) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Lease Commitments [Abstract]
2020	$ 753
2021	619
2022	530
2023	333
2024	45
Thereafter	1,174
Total lease payments	3,454
Less: present value discount	827
Present value of lease liabilities	$ 2,627

Lease Commitments (Schedule o_4

Lease Commitments (Schedule of lease information) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lease Commitments [Abstract]
Weighted average remaining lease term	10 years 7 months 6 days
Weighted average discount rate	3.76%
Operating cash flows from leases	$ 759

Loan Servicing (Narrative) (Det

Loan Servicing (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Servicing fees collected	$ 1,300,000	$ 1,100,000	$ 783,000

Loan Servicing (Unpaid Principa

Loan Servicing (Unpaid Principal Balances of Loans Serviced) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	$ 514,074	$ 496,600
Freddie Mac
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	403,111	365,863
Fannie Mae
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	62,958	75,162
Federal Home Loan Bank
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	46,759	54,399
Other investors
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	$ 1,246	$ 1,176

Loan Servicing (Mortgage-Servic

Loan Servicing (Mortgage-Servicing Rights) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Balances, January 1	$ 2,671	$ 1,504	$ 1,351
Mortgage-servicing rights acquired		1,325
Servicing rights capitalized	818	438	549
Amortization of servicing rights	(673)	(596)	(396)
Ending balance	$ 2,816	$ 2,671	$ 1,504

Loan Servicing (Fair Value of S

Loan Servicing (Fair Value of Servicing Rights) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting for Certain Loans Acquired in a Transfer [Abstract]
Mortgage-servicing rights, beginning balance	$ 3,518	$ 2,246	$ 2,110
Mortgage-servicing rights, ending balance	$ 3,436	$ 3,518	$ 2,246

Income Tax - (Narrative) (Detai

Income Tax - (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Dec. 22, 2017	Sep. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Federal statutory income tax rate	34.00%	34.00%	21.00%	21.00%	34.00%
AMT credit carryover			$ 408,000
State net operating loss			$ 27,400,000
State net operating loss expiration year			Dec. 31, 2024
Recognized deferred income tax liability			$ 14,700,000
Unrecorded deferred income tax liability			3,100,000
Effect of "Tax Cuts and Jobs Act"					$ 2,000,000
Universal Bancorp [Member]
Operating loss carryforwards			$ 7,100,000
Operating loss carryforwards, limitations on use			The use of this carryforward is limited to $1.3 million annually.
Operating loss carryforwards limitations on use annual amount			$ 1,300,000

Income Tax (Provision For Incom

Income Tax (Provision For Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Currently payable
Federal	$ 2,636	$ (505)	$ 3,231
Deferred
Federal	53	3,465	1,342
Effect of "Tax Cuts and Jobs Act"			2,000
State	(330)		220
Income Tax Expense (Benefit), Total	$ 2,359	$ 2,960	$ 6,793

Income Tax (Reconciliation of I

Income Tax (Reconciliation of Income Tax Expense at Federal Statutory Rate to Actual Tax Expense) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Dec. 22, 2017	Sep. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 34%			$ 5,483	$ 4,583	$ 6,496
State taxes			(261)		145
Non tax captive insurance income			(275)	(245)	(310)
Tax credits			(134)	(134)	(96)
Tax-exempt income			(1,520)	(1,355)	(1,453)
Effect of "Tax Cuts and Jobs Act"					2,000
Equity compensation			(715)
Other			(219)	111	11
Income Tax Expense (Benefit), Total			$ 2,359	$ 2,960	$ 6,793
Effective tax rate			9.03%	13.56%	35.55%
Federal statutory income tax rate	34.00%	34.00%	21.00%	21.00%	34.00%

Income Tax (Components of Defer

Income Tax (Components of Deferred Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Assets
Allowance for loan losses	$ 3,201	$ 3,054
Deferred compensation	2,360	1,855
Business tax and AMT credit carryovers	408	821
Net operating loss carryover	2,861	3,256
Goodwill impairment	391	630
Purchase accounting adjustments	1,070	1,322
Unrealized loss on securities available for sale		640
Other real estate owned	999	1,001
Other	1,316	902
Total assets	12,606	13,481
Liabilities
Unrealized gain on securities available for sale	(2,289)
Depreciation and amortization	(860)	(580)
FHLB stock	(298)	(298)
State income tax	(391)	(425)
Loan fees	(239)	(257)
Investments in limited partnerships	(1,218)	(1,424)
Mortgage servicing rights	(782)	(717)
Core deposit intangible	(884)	(1,042)
Other	(199)	(629)
Total liabilities	(7,160)	(5,372)
Valuation Allowance
Beginning balance	(365)	(407)
Decrease during period	65	42
Ending balance	(300)	(365)
Net deferred tax asset	$ 5,146	$ 7,744

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]
Net unrealized gain (loss) on securities available for sale	$ 10,677	$ (3,187)
Net unrealized gain relating to defined benefit plan liability	(314)	(99)
Accumulated other comprehensive income before tax	10,363	(3,286)
Tax effect	(2,213)	662
Net of tax amount	$ 8,150	$ (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												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related income tax expense													$ (2,359)	$ (2,960)	$ (6,793)
Net Income	$ 6,628	$ 6,134	$ 5,751	$ 5,238	$ 5,290	$ 5,402	$ 4,165	$ 4,007	$ 1,460	$ 3,751	$ 3,898	$ 3,206	23,751	18,864	12,315
Reclassification out of AOCI [Member]
Related income tax expense													(213)	(169)	(241)
Reclassification out of AOCI [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
Net Income													801	635	467
Reclassification out of AOCI [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Other Income [Member]
Other Income													$ 1,014	$ 804	$ 708

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Contingencies And Commitments [Line Items]
Mortgage loans in the process of origination	$ 11.4	$ 7.7
Mortgages loan held for sale	$ 13.4	$ 4
Minimum
Contingencies And Commitments [Line Items]
Mortgage loans in the process of origination, funding period	60 days
Maximum
Contingencies And Commitments [Line Items]
Mortgage loans in the process of origination, funding period	90 days

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Financial Instruments Whose Contract Amount Represents Credit Risk) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Significant Estimates [Abstract]
Loan commitments	$ 254,463	$ 265,696
Standby letters of credit	$ 3,296	$ 2,106

Regulatory Capital (Actual Capi

Regulatory Capital (Actual Capital Amounts and Ratios) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Description of regulatory requirements, capital adequacy purposes	The minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer was fully phased in during 2019. The capital conservation buffer was 2.5% at December 31, 2019. The unrealized gain or loss on available for sale securities is not included in computing regulatory capital. As of December 31, 2019, the Bank is in excess of the capital conversation buffer requirements.
Capital conversion percentage	2.5
MutualFirst Consolidated
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Tier 1 Capital to Average Total Assets		$ 2,000,000
Risk-Weighted Regulatory Capital Assets		1,500,000
MutualBank
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Leverage Capital Level, Actual Capital Levels Amount	$ 201,197	184,803
Common Equity Tier 1 Capital Level Amount	201,197	184,803
Total Risk-Based Capital Level, Actual Capital Levels Amount	214,504	198,084
Tier 1 Risk-Based Capital Level, Actual Capital Levels Amount	$ 201,197	$ 184,803
Leverage Capital Level, Actual Capital Levels Ratio	9.90%	9.20%
Common Equity Tier 1 Capital level, Actual Capital Levels Ratio	13.00%	12.10%
Total Risk-Based Capital Level, Actual Capital Levels Ratio	13.90%	13.00%
Tier 1 Risk-Based Capital Level, Actual Capital Levels Ratio	13.00%	12.10%
Leverage Capital Level, Minimum Regulatory Capital Ratios Amount	$ 80,985	$ 80,309
Common Equity Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	69,574	68,476
Total Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	123,688	121,734
Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	$ 92,766	$ 91,301
Leverage Capital Level, Minimum Regulatory Capital Ratios	4.00%	4.00%
Common Equity Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios	4.50%	4.50%
Total Risk-Based Capital Level, Minimum Regulatory Capital Ratios	8.00%	8.00%
Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios	6.00%	6.00%
Leverage Capital Level, Minimum Required To be Considered Well-Capitalized Amount	$ 101,231	$ 100,386
Common Equity Tier 1 Risk-Based Capital Level, Minimum Required To Be Considered Well-Capitalized Amount	100,496	98,910
Total Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Amount	154,610	152,169
Tier 1 Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Amount	$ 123,688	$ 121,735
Leverage Capital Level, Minimum Required To be Considered Well-Capitalized Ratio	5.00%	5.00%
Common Equity Tier 1 Risk-Based Capital Level, Minimum Required To Be Considered Well-Capitalized Ratio	6.50%	6.50%
Total Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Ratio	10.00%	10.00%
Tier 1 Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Ratio	8.00%	8.00%
Tier 1 Capital to Average Total Assets	$ 2,000,000
Risk-Weighted Regulatory Capital Assets	$ 1,500,000

Employee Benefits (Narrative) (

Employee Benefits (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Retirement savings 401(k) plan
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, contribution	$ 1,200,000	$ 1,200,000	$ 957,000
Supplemental retirement plan and deferred compensation arrangements
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement with individual, compensation expense	$ 790,000	$ 675,000	$ 652,000
Maximum | Retirement savings 401(k) plan
Defined Benefit Plan Disclosure [Line Items]
Percentage employer matching contribution	5.00%
Up to 4% of participant contributions | Retirement savings 401(k) plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of participant contributions	4.00%
Percentage employer matching contribution	100.00%
4%-6% of participant contributions | Retirement savings 401(k) plan
Defined Benefit Plan Disclosure [Line Items]
Percentage employer matching contribution	50.00%
4%-6% of participant contributions | Minimum | Retirement savings 401(k) plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of participant contributions	4.00%
4%-6% of participant contributions | Maximum | Retirement savings 401(k) plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of participant contributions	6.00%

Stock Option Plans (Narrative)

Stock Option Plans (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Options exercised	140,962	28,538	65,161
Proceeds from stock options exercised	$ 1,000,000	$ 253,000	$ 1,200,000
Options exercised during the period, intrinsic value	$ 4,000,000	$ 722,000	$ 1,100,000
Options granted	0	0	0
2000 Stock Option Plan [Member]
Shares authorized to grant options	141,462
Options granted	0	0
Equity Compensation Plan [Member]
Shares authorized to grant options	352,741

Stock Option Plans (Summary of

Stock Option Plans (Summary of Status and Changes in Stock Option Plan) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares
Options outstanding, Beginning balance	210,862
Options granted	0	0	0
Options exercised	140,962	28,538	65,161
Options outstanding, Ending balance	69,900	210,862
Weighted Average Exercise Price
Options Outstanding, Weighted Average Exercise Price, Beginning balance	$ 7.63
Options Exercised, Weighted Average Exercise Price	7.43
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 8.03	$ 7.63
Weighted- Average Remaining Contractual Life (in years)
Options Outstanding, Weighted-Average Remaining Contractual Life	4 years 10 months 24 days
Aggregate Intrinsic Value
Options Outstanding, Aggregate Intrinsic Value	$ 2,211

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Basic Earnings Per Share
Net Income													$ 23,751	$ 18,864	$ 12,315
Weighted-Average Shares number of common shares, basic													8,575,355	8,394,195	7,360,066
Earnings per share, basic	$ 0.77	$ 0.72	$ 0.67	$ 0.61	$ 0.62	$ 0.63	$ 0.49	$ 0.51	$ 0.20	$ 0.51	$ 0.53	$ 0.44	$ 2.77	$ 2.25	$ 1.67
Net income available and assumed conversions													$ 23,751	$ 18,864	$ 12,315
Weighted-Average Shares, effect of dilutive securities stock option													106,753	149,302	141,993
Weighted-Average Shares income available to common stockholders and assumed conversions, diluted													8,682,108	8,543,497	7,502,059
Earnings per share, diluted	$ 0.77	$ 0.71	$ 0.66	$ 0.60	$ 0.61	$ 0.62	$ 0.48	$ 0.50	$ 0.19	$ 0.50	$ 0.52	$ 0.43	$ 2.74	$ 2.21	$ 1.64

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	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	$ 385,622	$ 370,875
Mortgage-backed securities, Government sponsored agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	125,801	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	125,801	104,343
Collateralized mortgage obligations, Government sponsored agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	91,373	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	91,373	109,281
Municipals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	166,250	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	166,250	154,896
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	2,198	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	2,198	2,355
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,278	599
Derivative liability	1,278	599
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset
Derivative liability
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,278	599
Derivative liability	$ 1,278	$ 599

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total realized and unrealized gains (losses)
Beginning balance	$ 2,355	$ 2,721	$ 2,588
Included in net income		(44)
Included in other comprehensive income (loss)	(150)	561	133
Purchases, issuances and settlements	(7)	(883)
Ending balance	$ 2,198	$ 2,355	$ 2,721

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)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, available for sale	$ 385,622,000	$ 370,875,000
Pooled Trust Preferred Securities | Valuation Technique, Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,198,000	$ 2,355,000
Pooled Trust Preferred Securities | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	6.3	6.8
Pooled Trust Preferred Securities | Constant prepayment rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	2	2
Pooled Trust Preferred Securities | Cumulative projected prepayment rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	40	40
Pooled Trust Preferred Securities | Default rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	1.6	1.7
Pooled Trust Preferred Securities | Projected cures given deferral | 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 | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	15	15
Pooled Trust Preferred Securities | Loss Severity [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs	26.5	21.4
Other real estate owned | Third Party Valuations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 188,000
Other real estate owned | Discount to reflect realizable value less estimated selling costs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	20
Impaired Loans | Third Party Valuations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 460,000
Impaired Loans | Discount to reflect realizable value less estimated selling costs | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, Measurement Input	7.2
Impaired Loans | Discount to reflect realizable value less estimated selling costs | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, Measurement Input	34.9

Fair Values of Financial Inst_6

Fair Values of Financial Instruments (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Carrying Amount [Member]
Assets
Cash and cash equivalents	$ 32,323	$ 33,414
Interest-bearing deposits	3,496	4,239
Loans held for sale	13,397	3,987
Loans	1,476,925	1,482,662
FHLB stock	13,115	13,034
Interest receivable	6,932	6,940
Liabilities
Deposits	1,553,478	1,519,225
FHLB advances	245,879	292,497
Other borrowings	17,573	17,988
Interest payable	1,071	1,075
Estimate of Fair Value Measurement [Member]
Assets
Cash and cash equivalents	32,323	33,414
Interest-bearing deposits	3,496	4,239
Loans held for sale	13,798	4,011
Loans	1,450,636	1,456,270
FHLB stock	13,115	13,034
Interest receivable	6,932	6,940
Liabilities
Deposits	1,555,045	1,514,852
FHLB advances	246,512	290,092
Other borrowings	17,150	17,665
Interest payable	1,071	1,075
Fair Value, Inputs, Level 1 | Estimate of Fair Value Measurement [Member]
Assets
Cash and cash equivalents	32,323	33,414
Interest-bearing deposits	3,496	4,239
Liabilities
Deposits	1,050,827	1,030,785
Fair Value, Inputs, Level 2 | Estimate of Fair Value Measurement [Member]
Assets
Loans held for sale	13,798	4,011
FHLB stock	13,115	13,034
Interest receivable	6,932	6,940
Liabilities
FHLB advances	246,512	290,092
Other borrowings	17,150	17,665
Interest payable	1,071	1,075
Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement [Member]
Assets
Loans	1,450,636	1,456,270
Liabilities
Deposits	$ 504,218	$ 484,067

Condensed Financial Informati_3

Condensed Financial Information (Parent Company Only) (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash on deposit with Bank	$ 21,131	$ 20,336
Cash on deposit with others	11,192	13,078
Cash and cash equivalents	32,323	33,414
Other Assets	21,412	19,665
Total assets	2,063,776	2,049,313
Liabilities
Other borrowings	17,573	17,988
Other liabilities	20,034	17,240
Total liabilities	1,836,964	1,846,950
Stockholders' Equity	226,812	202,363	$ 150,282	$ 140,038
Total liabilities and stockholders' equity	2,063,776	2,049,313
MutualFirst Financial, Inc.
Assets
Cash on deposit with Bank	2,974	3,590
Cash on deposit with others	102	95
Cash and cash equivalents	3,076	3,685	$ 12,030	$ 1,122
Investment in common stock of Bank	239,917	214,195
Other Assets	1,444	2,838
Total assets	244,437	220,718
Liabilities
Other borrowings	17,573	17,988
Other liabilities	52	367
Total liabilities	17,625	18,355
Stockholders' Equity	226,812	202,363
Total liabilities and stockholders' equity	$ 244,437	$ 220,718

Condensed Financial Informati_4

Condensed Financial Information (Parent Company Only) (Condensed Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income
Total interest and dividend income	$ 20,892	$ 21,617	$ 21,518	$ 21,302	$ 21,489	$ 20,836	$ 20,621	$ 16,748	$ 15,081	$ 15,026	$ 14,652	$ 14,109	$ 85,329	$ 79,694	$ 58,868
Expenses	4,926	5,372	5,474	5,260	4,995	4,419	4,013	3,164	2,888	2,762	2,565	2,396	21,032	16,591	10,611
Income tax benefit													2,359	2,960	6,793
Net Income Available to Common Shareholders	$ 6,628	$ 6,134	$ 5,751	$ 5,238	$ 5,290	$ 5,402	$ 4,165	$ 4,007	$ 1,460	$ 3,751	$ 3,898	$ 3,206	23,751	18,864	12,315
MutualFirst Financial, Inc.
Income
Dividends from subsidiaries													11,000	6,695	15,100
Other Income													15	9
Total interest and dividend income													11,015	6,704	15,100
Expenses													2,710	1,922	1,041
Income before income tax and equity in undistributed income of subsidiaries													8,305	4,782	14,059
Income tax benefit													(498)	(412)	(495)
Income before equity in undistributed income (distributions in excess of income) of subsidiaries													8,803	5,194	14,554
Equity in undistributed income (distributions in excess of income) of subsidiaries													14,948	13,670	(2,239)
Net Income Available to Common Shareholders													$ 23,751	$ 18,864	$ 12,315

Condensed Financial Informati_5

Condensed Financial Information (Parent Company Only) (Condensed Statements of Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net Income	$ 23,751	$ 18,864	$ 12,315
Other Comprehensive Income (Loss)
Less: Reclassification adjustment for realized gains included in net included in net income	(1,014)	(804)	(708)
Net unrealized loss related to defined benefit plan	(215)	(109)	(20)
Other Comprehensive Income (Loss), before Tax	13,649	(3,825)	2,384
Income tax benefit (expense) related to other comprehensive income	(2,875)	820	(749)
Other comprehensive income (loss)	10,774	(3,005)	1,635
Comprehensive income	34,525	15,859	13,950
MutualFirst Financial, Inc.
Condensed Financial Statements, Captions [Line Items]
Net Income	23,751	18,864	12,315
Other Comprehensive Income (Loss)
Net unrealized gain on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in income	14,878	(2,912)	3,112
Less: Reclassification adjustment for realized gains included in net included in net income	(1,014)	(804)	(708)
Net unrealized loss related to defined benefit plan	(215)	(109)	(20)
Other Comprehensive Income (Loss), before Tax	13,649	(3,825)	2,384
Income tax benefit (expense) related to other comprehensive income	(2,875)	820	(749)
Other comprehensive income (loss)	10,774	(3,005)	1,635
Comprehensive income	$ 34,525	$ 15,859	$ 13,950

Condensed Financial Informati_6

Condensed Financial Information (Parent Company Only) (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Activities
Net income	$ 23,751	$ 18,864	$ 12,315
Item not requiring cash
Deferred income tax	(277)	3,465	3,562
Other	231	164	259
Net cash provided by operating activities	20,748	27,128	20,042
Investing Activities
Net cash and cash equivalents paid in acquisition		(7,673)
Net cash provided by (used in) investing activities	1,359	(76,273)	(41,079)
Financing Activities
Cash dividends	(6,860)	(6,354)	(4,862)
Proceeds from stock options exercised	1,046	253	1,156
Net cash provided by (used in) financing activities	(23,198)	55,218	21,518
Net Change in Cash and Cash Equivalents	(1,091)	6,073	481
Cash and Cash Equivalents, Beginning of Period	33,414
Cash and Cash Equivalents, End of Period	32,323	33,414
MutualFirst Financial, Inc.
Operating Activities
Net income	23,751	18,864	12,315
Item not requiring cash
Deferred income tax	314	20	(14)
(Equity in undistributed income) distributions in excess of income of subsidiary	(14,948)	(13,670)	2,239
Other	865	(660)	74
Net cash provided by operating activities	9,982	4,554	14,614
Investing Activities
Net cash and cash equivalents paid in acquisition		(16,463)
Net cash provided by (used in) investing activities		(16,463)
Financing Activities
Repayments of other borrowings	(515)	(335)
Proceeds from other borrowings		10,000
Stock repurchased	(4,262)
Cash dividends	(6,860)	(6,354)	(4,862)
Proceeds from stock options exercised	1,046	253	1,156
Net cash provided by (used in) financing activities	(10,591)	3,564	(3,706)
Net Change in Cash and Cash Equivalents	(609)	(8,345)	10,908
Cash and Cash Equivalents, Beginning of Period	3,685	12,030	1,122
Cash and Cash Equivalents, End of Period	$ 3,076	$ 3,685	$ 12,030

Quarterly Results of Operatio_3

Quarterly Results of Operations (Schedule of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Results of Operations [Abstract]
Interest Income	$ 20,892	$ 21,617	$ 21,518	$ 21,302	$ 21,489	$ 20,836	$ 20,621	$ 16,748	$ 15,081	$ 15,026	$ 14,652	$ 14,109	$ 85,329	$ 79,694	$ 58,868
Interest Expense	4,926	5,372	5,474	5,260	4,995	4,419	4,013	3,164	2,888	2,762	2,565	2,396	21,032	16,591	10,611
Net Interest Income	15,966	16,245	16,044	16,042	16,494	16,417	16,608	13,584	12,193	12,264	12,087	11,713	64,297	63,103	48,257
Provision for loan losses	575	425	475	475	600	570	500	450	350	370	300	200	1,950	2,120	1,220
Net Income Available to Common Shareholders	$ 6,628	$ 6,134	$ 5,751	$ 5,238	$ 5,290	$ 5,402	$ 4,165	$ 4,007	$ 1,460	$ 3,751	$ 3,898	$ 3,206	$ 23,751	$ 18,864	$ 12,315
Earnings per share, basic	$ 0.77	$ 0.72	$ 0.67	$ 0.61	$ 0.62	$ 0.63	$ 0.49	$ 0.51	$ 0.20	$ 0.51	$ 0.53	$ 0.44	$ 2.77	$ 2.25	$ 1.67
Earnings per share, diluted	$ 0.77	$ 0.71	$ 0.66	$ 0.60	$ 0.61	$ 0.62	$ 0.48	$ 0.50	$ 0.19	$ 0.50	$ 0.52	$ 0.43	$ 2.74	$ 2.21	$ 1.64