Landmark Bancorp (LARK) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 07, 2020
Document And Entity Information
Entity Registrant Name	LANDMARK BANCORP INC
Entity Central Index Key	0001141688
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,493,638
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 28,782	$ 13,694
Investment securities available-for-sale, at fair value	314,489	362,998
Bank stocks, at cost	3,344	3,109
Loans, net of allowance for loans losses of $7,479 at March 31, 2020 and $6,467 at December 31, 2019	553,736	532,180
Loans held for sale, at fair value	9,753	8,497
Premises and equipment, net	20,991	21,133
Bank owned life insurance	24,963	24,809
Goodwill	17,532	17,532
Other intangible assets, net	2,764	2,829
Real estate owned, net	570	290
Accrued interest and other assets	12,150	11,394
Total assets	989,074	998,465
Deposits:
Non-interest-bearing demand	204,147	182,717
Money market and checking	386,167	405,746
Savings	106,003	99,522
Time	134,163	147,063
Total deposits	830,480	835,048
Federal Home Loan Bank borrowings		3,000
Subordinated debentures	21,651	21,651
Other borrowings	9,202	17,548
Accrued interest, taxes, and other liabilities	16,607	12,611
Total liabilities	877,940	889,858
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued
Common stock, $0.01 par value per share, 7,500,000 shares authorized; 4,600,532 and 4,597,396 shares issued at March 31, 2020 and December 31, 2019, respectively	46	46
Additional paid-in capital	69,147	69,029
Retained earnings	36,736	34,293
Treasury stock, at cost: 91,137 and 0 shares at March 31, 2020 and December 31,2019, respectively	(2,023)
Accumulated other comprehensive income	7,228	5,239
Total stockholders' equity	111,134	108,607
Total liabilities and stockholders' equity	$ 989,074	$ 998,465

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for loans losses	$ 7,479	$ 6,467
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	200,000	200,000
Preferred stock, shares issued
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	7,500,000	7,500,000
Common stock, shares issued	4,600,532	4,597,396
Treasury stock, shares	91,137	0

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Loans:
Taxable		$ 7,102	$ 6,435
Tax-exempt		24	26
Investment securities:
Taxable		1,344	1,493
Tax-exempt		848	930
Total interest income		9,318	8,884
Interest expense:
Deposits		983	1,331
Borrowings		233	357
Total interest expense		1,216	1,688
Net interest income		8,102	7,196
Provision for loan losses		1,200	200
Net interest income after provision for loan losses		6,902	6,996
Non-interest income:
Fees and service charges		1,962	1,689
Gains on sales of loans, net	[1]	1,193	1,120
Bank owned life insurance	[1]	154	159
Gains on sales of investment securities, net		1,770
Other		274	288
Total non-interest income		5,353	3,256
Non-interest expense:
Compensation and benefits		4,582	4,143
Occupancy and equipment		1,079	1,062
Data processing		425	414
Amortization of intangibles		277	264
Professional fees		363	396
Advertising		150	166
Federal deposit insurance premiums		38	68
Foreclosure and real estate owned expense		25	41
Other		1,168	1,174
Total non-interest expense		8,107	7,728
Earnings before income taxes		4,148	2,524
Income tax expense		785	341
Net earnings		$ 3,363	$ 2,183
Earnings per share (1):
Basic	[2]	$ 0.73	$ 0.47
Diluted	[2]	0.73	0.47
Dividends per share	[2]	$ 0.20	$ 0.19
[1]	Not within the scope of ASC 606.
[2]	Per share amounts for the period ended March 31, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.

Consolidated Statements of Ea_2

Consolidated Statements of Earnings (Unaudited) (Parenthetical)	12 Months Ended
	Dec. 31, 2019
Income Statement [Abstract]
Stock dividend, percentage	5.00%

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 3,363	$ 2,183
Net unrealized holding gains on available-for-sale securities	4,405	4,727
Less reclassification adjustment for net gains included in earnings	(1,770)
Net unrealized gains	2,635	4,727
Income tax effect on net gains included in earnings	434
Income tax effect on net unrealized holding gains	(1,080)	(1,158)
Other comprehensive income	1,989	3,569
Total comprehensive income	$ 5,352	$ 5,752

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2018	$ 44	$ 63,775	$ 32,073		$ (3,991)	$ 91,901
Net earnings			2,183			2,183
Other comprehensive income					3,569	3,569
Dividends paid			(875)			(875)
Stock-based compensation		69				69
Balance at Mar. 31, 2019	44	63,844	33,381		(422)	96,847
Balance at Dec. 31, 2019	46	69,029	34,293		5,239	108,607
Net earnings			3,363			3,363
Other comprehensive income					1,989	1,989
Dividends paid			(920)			(920)
Stock-based compensation		85				85
Exercise of stock options		33				33
Purchase of 91,137 treasury shares				(2,023)		(2,023)
Balance at Mar. 31, 2020	$ 46	$ 69,147	$ 36,736	$ (2,023)	$ 7,228	$ 111,134

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends per share	$ 0.20	$ 0.19
Excise of stock option, shares	3,136
Treasury shares	91,137

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net earnings		$ 3,363	$ 2,183
Adjustments to reconcile net earnings to net cash provided by (used by) operating activities:
Provision for loan losses		1,200	200
Amortization of investment security premiums, net		366	440
Amortization of purchase accounting adjustment on loans		(5)	(34)
Amortization of intangibles		277	264
Depreciation		250	246
Increase in cash surrender value of bank owned life insurance	[1]	(154)	(159)
Stock-based compensation		85	69
Deferred income taxes		403	(339)
Net gains on sales of investment securities		(1,770)
Net losses on sales of foreclosed assets		1
Net gains on sales of loans	[1]	(1,193)	(1,120)
Proceeds from sales of loans		45,830	25,395
Origination of loans held for sale		(45,893)	(26,139)
Changes in assets and liabilities:
Accrued interest and other assets		(928)	(430)
Accrued expenses, taxes, and other liabilities		2,948	(1,605)
Net cash provided by (used in) operating activities		4,780	(1,029)
Cash flows from investing activities:
Net increase in loans		(23,105)	(1,548)
Maturities and prepayments of investment securities		18,948	14,833
Purchases of investment securities		(10,909)	(7,735)
Proceeds from sales of investment securities		44,508
Redemption of bank stocks		680	4,254
Purchase of bank stocks		(915)	(2,472)
Proceeds from sales of premises and equipment and foreclosed assets		45	14
Purchases of premises and equipment, net		(120)	(243)
Net cash provided by investing activities		29,132	7,103
Cash flows from financing activities:
Net decrease in deposits		(4,568)	(1,847)
Federal Home Loan Bank advance borrowings		101,768	101,786
Federal Home Loan Bank advance repayments		(104,768)	(111,486)
Proceeds from other borrowings		1,000	1,567
Repayments on other borrowings		(9,346)
Proceeds from exercise of stock options		33
Payment of dividends		(920)	(875)
Purchase of treasury stock		(2,023)
Net cash used in financing activities		(18,824)	(10,855)
Net increase (decrease) in cash and cash equivalents		15,088	(4,781)
Cash and cash equivalents at beginning of period		13,694	19,114
Cash and cash equivalents at end of period		28,782	14,333
Supplemental disclosure of cash flow information:
Cash paid for interest		1,258	1,685
Cash paid for operating leases		44	40
Supplemental schedule of noncash investing and financing activities:
Transfer of loans to real estate owned		314	20
Investment securities purchases not yet settled			(1,858)
Operating lease asset and related lease liability recorded			$ 353
[1]	Not within the scope of ASC 606.

Interim Financial Statements

Interim Financial Statements	3 Months Ended
	Mar. 31, 2020
Interim Financial Statements
Interim Financial Statements	1. Interim Financial Statements The unaudited consolidated financial statements of Landmark Bancorp, Inc. (the “Company”) and its wholly owned subsidiaries, Landmark National Bank (the “Bank”) and Landmark Risk Management Inc., have been prepared in accordance with the instructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements and should be read in conjunction with the Company’s most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 12, 2020, containing the latest audited consolidated financial statements and notes thereto. The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation of financial statements have been reflected herein. The results of the three-month interim period ended March 31, 2020 are not necessarily indicative of the results expected for the year ending December 31, 2020 or any other future time period. The Company has evaluated subsequent events for recognition and disclosure up to the date the financial statements were issued.

Investments

Investments	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investments	2. Investments A summary of investment securities available-for-sale is as follows: As of March 31, 2020 Gross Gross Amortized unrealized unrealized Estimated (Dollars in thousands) cost gains losses fair value U. S. treasury securities $ 2,000 $ 57 $ - $ 2,057 U. S. federal agency obligations 2,015 148 - 2,163 Municipal obligations, tax exempt 138,118 3,626 (61 ) 141,683 Municipal obligations, taxable 48,307 1,822 (72 ) 50,057 Agency mortgage-backed securities 112,570 4,054 - 116,624 Certificates of deposit 1,905 - - 1,905 Total available-for-sale $ 304,915 $ 9,707 $ (133 ) $ 314,489 As of December 31, 2019 Gross Gross Amortized unrealized unrealized Estimated (Dollars in thousands) cost gains losses fair value U. S. treasury securities $ 2,300 $ 16 $ - $ 2,316 U. S. federal agency obligations 4,015 91 - 4,106 Municipal obligations, tax exempt 142,391 3,513 (42 ) 145,862 Municipal obligations, taxable 45,541 1,293 (55 ) 46,779 Agency mortgage-backed securities 159,908 2,353 (230 ) 162,031 Certificates of deposit 1,904 - - 1,904 Total available-for-sale $ 356,059 $ 7,266 $ (327 ) $ 362,998 The tables above show that some of the securities in the available-for-sale investment portfolio had unrealized losses, or were temporarily impaired, as of March 31, 2020 and December 31, 2019. This temporary impairment represents the estimated amount of loss that would be realized if the securities were sold on the valuation date. Securities which were temporarily impaired are shown below, along with the length of time in a continuous unrealized loss position. As of March 31, 2020 (Dollars in thousands) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized securities value losses value losses value losses Municipal obligations, tax exempt 19 5,220 (60 ) 436 (1 ) 5,656 (61 ) Municipal obligations, taxable 6 3,307 (72 ) - - 3,307 (72 ) Total 25 $ 8,527 $ (132 ) $ 436 $ (1 ) $ 8,963 $ (133 ) As of December 31, 2019 (Dollars in thousands) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized securities value losses value losses value losses Municipal obligations, tax exempt 23 5,676 (16 ) 3,473 (26 ) 9,149 (42 ) Municipal obligations, taxable 4 2,563 (55 ) - - 2,563 (55 ) Agency mortgage-backed securities 21 15,735 (43 ) 17,137 (187 ) 32,872 (230 ) Total 48 $ 23,974 $ (114 ) $ 20,610 $ (213 ) $ 44,584 $ (327 ) The Company’s portfolio of municipal obligations consists of both tax-exempt and taxable general obligations securities issued by various municipalities. As of March 31, 2020, the Company did not intend to sell and it is more likely than not that the Company will not be required to sell its municipal obligations in an unrealized loss position until the recovery of its cost. Due to the issuers’ continued satisfaction of the securities’ obligations in accordance with their contractual terms and the expectation that they will continue to do so, the evaluation of the fundamentals of the issuers’ financial condition and other objective evidence, the Company believed that the municipal obligations identified in the tables above were temporarily impaired as of March 31, 2020 and December 31, 2019. The Company’s agency mortgage-backed securities portfolio consists of securities underwritten to the standards of and guaranteed by the government-sponsored agencies of FHLMC, FNMA and the Government National Mortgage Association. The receipt of principal, at par, and interest on agency mortgage-backed securities is guaranteed by the respective government-sponsored agency guarantor, such that the Company believed that its agency mortgage-backed securities did not expose the Company to credit-related losses. Based on these factors, along with the Company’s intent to not sell the securities and the Company’s belief that it was more likely than not that the Company will not be required to sell the securities before recovery of their cost basis, the Company believed that the agency mortgage-backed securities identified in the tables above were temporarily impaired as of December 31, 2019. The table below sets forth amortized cost and fair value of investment securities at March 31, 2020. The table includes scheduled principal payments and estimated prepayments, based on observable market inputs, for agency mortgage-backed securities. Actual maturities will differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. (Dollars in thousands) Amortized Estimated cost fair value Due in less than one year $ 8,256 $ 8,286 Due after one year but within five years 139,382 143,620 Due after five years but within ten years 81,323 84,067 Due after ten years 75,954 78,516 Total $ 304,915 $ 314,489 Sales proceeds and gross realized gains and losses on sales of available-for-sale securities were as follows for the periods indicated: (Dollars in thousands) Three months ended March 31, 2020 2019 Sales proceeds $ 44,508 $ - Realized gains $ 1,772 $ - Realized losses (2 ) - Net realized gains $ 1,770 $ - Securities with carrying values of $204.2 million and $240.0 million were pledged to secure public funds on deposit, repurchase agreements and as collateral for borrowings at March 31, 2020 and December 31, 2019, respectively. Except for U.S. federal agency obligations, no investment in a single issuer exceeded 10% of consolidated stockholders’ equity.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans and Allowance for Loan Losses	3. Loans and Allowance for Loan Losses Loans consisted of the following as of the dates indicated below: March 31, December 31, (Dollars in thousands) 2020 2019 One-to-four family residential real estate $ 148,994 $ 146,505 Construction and land 24,657 22,459 Commercial real estate 141,712 133,501 Commercial 121,271 109,612 Agriculture 96,120 98,558 Municipal 2,628 2,656 Consumer 25,662 25,101 Total gross loans 561,044 538,392 Net deferred loan costs and loans in process 171 255 Allowance for loan losses (7,479 ) (6,467 ) Loans, net $ 553,736 $ 532,180 The following tables provide information on the Company’s allowance for loan losses by loan class and allowance methodology: Three months ended March 31, 2020 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Balance at January 1, 2020 $ 501 $ 271 $ 1,386 $ 1,815 $ 2,347 $ 7 $ 140 $ 6,467 Charge-offs - (100 ) - (33 ) - - (87 ) (220 ) Recoveries - - - 1 - 6 25 32 Provision for loan losses 152 54 242 642 34 (6 ) 82 1,200 Balance at March 31, 2020 $ 653 $ 225 $ 1,628 $ 2,425 $ 2,381 $ 7 $ 160 $ 7,479 Three months ended March 31, 2019 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Balance at January 1, 2019 $ 449 $ 168 $ 1,686 $ 1,051 $ 2,238 $ 7 $ 166 $ 5,765 Charge-offs - - - - - - (49 ) (49 ) Recoveries 1 - - 1 - 6 14 22 Provision for loan losses 24 (12 ) 185 113 (110 ) (6 ) 6 200 Balance at March 31, 2019 $ 474 $ 156 $ 1,871 $ 1,165 $ 2,128 $ 7 $ 137 $ 5,938 As of March 31, 2020 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Individually evaluated for loss $ 129 $ 91 $ 52 $ 235 $ 36 $ - $ - $ 543 Collectively evaluated for loss 524 134 1,576 2,190 2,345 7 160 6,936 Total $ 653 $ 225 $ 1,628 $ 2,425 $ 2,381 $ 7 $ 160 $ 7,479 Loan balances: Individually evaluated for loss $ 1,436 $ 1,319 $ 5,504 $ 1,576 $ 690 $ 58 $ 15 $ 10,598 Collectively evaluated for loss 147,558 23,338 136,208 119,695 95,430 2,570 25,647 550,446 Total $ 148,994 $ 24,657 $ 141,712 $ 121,271 $ 96,120 $ 2,628 $ 25,662 $ 561,044 As of December 31, 2019 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Individually evaluated for loss $ 129 $ 191 $ 103 $ 204 $ 106 $ - $ - $ 733 Collectively evaluated for loss 372 80 1,283 1,611 2,241 7 140 5,734 Total $ 501 $ 271 $ 1,386 $ 1,815 $ 2,347 $ 7 $ 140 $ 6,467 Loan balances: Individually evaluated for loss $ 1,256 $ 1,479 $ 3,461 $ 1,298 $ 1,124 $ 58 $ 4 $ 8,680 Collectively evaluated for loss 145,249 20,980 130,040 108,314 97,434 2,598 25,097 529,712 Total $ 146,505 $ 22,459 $ 133,501 $ 109,612 $ 98,558 $ 2,656 $ 25,101 $ 538,392 The Company recorded net loan charge-offs of $188,000 during the first quarter of 2020 compared to net loan charge-offs of $27,000 during the first quarter of 2019. The Company’s impaired loans increased from $8.7 million at December 31, 2019 to $10.6 million at March 31, 2020. The difference between the unpaid contractual principal and the impaired loan balance is a result of charge-offs recorded against impaired loans. The difference in the Company’s non-accrual loan balances and impaired loan balances at March 31, 2020 and December 31, 2019, was related to troubled debt restructurings (“TDR”) that are current and accruing interest, but still classified as impaired. Interest income recognized on a cash basis was immaterial during the three months ended March 31, 2020 and 2019. The following tables present information on impaired loans: (Dollars in thousands) As of March 31, 2020 Unpaid contractual principal Impaired loan balance Impaired loans Impaired loans with an allowance Related allowance recorded Year-to-date average loan balance Year-to-date interest income recognized One-to-four family residential real estate $ 1,477 $ 1,436 $ 1,067 $ 369 $ 129 $ 1,442 $ 2 Construction and land 3,154 1,319 1,228 91 91 1,353 7 Commercial real estate 5,504 5,504 5,308 196 52 5,510 118 Commercial 1,710 1,576 680 896 235 1,578 1 Agriculture 905 690 514 176 36 733 13 Municipal 58 58 58 - - 58 - Consumer 15 15 15 - - 15 - Total impaired loans $ 12,823 $ 10,598 $ 8,870 $ 1,728 $ 543 $ 10,689 $ 141 (Dollars in thousands) As of December 31, 2019 Unpaid contractual principal Impaired loan balance Impaired Impaired loans with an allowance Related allowance recorded Year-to-date average loan balance Year-to-date interest income recognized One-to-four family residential real estate $ 1,297 $ 1,256 $ 887 $ 369 $ 129 $ 1,291 $ 10 Construction and land 3,214 1,479 1,288 191 191 1,631 36 Commercial real estate 3,461 3,461 3,258 203 103 3,489 478 Commercial 1,427 1,298 416 882 204 1,464 11 Agriculture 1,339 1,124 613 511 106 1,166 48 Municipal 58 58 58 - - 58 1 Consumer 4 4 4 - - 5 - Total impaired loans $ 10,800 $ 8,680 $ 6,524 $ 2,156 $ 733 $ 9,104 $ 584 The Company’s key credit quality indicator is a loan’s performance status, defined as accruing or non-accruing. Performing loans are considered to have a lower risk of loss. Non-accrual loans are those which the Company believes have a higher risk of loss. The accrual of interest on non-performing loans is discontinued at the time the loan is 90 days delinquent, unless the credit is well secured and in process of collection. Loans are placed on non-accrual or are charged off at an earlier date if collection of principal or interest is considered doubtful. There were no loans 90 days or more delinquent and accruing interest at March 31, 2020 or December 31, 2019. The following tables present information on the Company’s past due and non-accrual loans by loan class: (Dollars in thousands) As of March 31, 2020 30-59 days delinquent and accruing 60-89 days delinquent and accruing 90 days or more delinquent and accruing Total past due loans accruing Non-accrual loans Total past due and non-accrual loans Total loans not past due One-to-four family residential real estate $ 67 $ 221 $ - $ 288 $ 1,271 $ 1,559 $ 147,435 Construction and land - - - - 796 796 23,861 Commercial real estate 265 64 - 329 3,483 3,812 137,900 Commercial 201 127 - 328 1,548 1,876 119,395 Agriculture 456 1,262 - 1,718 447 2,165 93,955 Municipal - - - - - - 2,628 Consumer 11 - - 11 15 26 25,636 Total $ 1,000 $ 1,674 $ - $ 2,674 $ 7,560 $ 10,234 $ 550,810 Percent of gross loans 0.18 % 0.30 % 0.00 % 0.48 % 1.35 % 1.83 % 98.17 % (Dollars in thousands) As of December 31, 2019 30-59 days delinquent and accruing 60-89 days delinquent and accruing 90 days or more delinquent and accruing Total past due loans accruing Non-accrual loans Total past due and non-accrual loans Total loans not past due One-to-four family residential real estate $79 $593 $- $672 $1,088 $1,760 $144,745 Construction and land - - - - 898 898 21,561 Commercial real estate 1,137 707 - 1,844 1,440 3,284 130,217 Commercial 510 68 - 578 1,270 1,848 107,764 Agriculture 316 - - 316 846 1,162 97,396 Municipal - - - - - - 2,656 Consumer 27 - - 27 4 31 25,070 Total $ 2,069 $ 1,368 $ - $ 3,437 $ 5,546 $ 8,983 $ 529,409 Percent of gross loans 0.39 % 0.25 % 0.00 % 0.64 % 1.03 % 1.67 % 98.33 % Under the original terms of the Company’s non-accrual loans, interest earned on such loans for the three months ended March 31, 2020 and 2019 would have increased interest income by $120,000 and $124,000, respectively. No interest income related to non-accrual loans was included in interest income for the three months ended March 31, 2020 and 2019. The Company also categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis. Nonclassified loans generally include those loans that are expected to be repaid in accordance with contractual loan terms. Classified loans are those that are assigned a special mention, substandard or doubtful risk rating using the following definitions: Special Mention: Loans are currently protected by the current net worth and paying capacity of the obligor or of the collateral pledged but such protection is potentially weak. These loans constitute an undue and unwarranted credit risk, but not to the point of justifying a classification of substandard. The credit risk may be relatively minor, yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset. Substandard: Loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged. Loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following table provides information on the Company’s risk categories by loan class: As of March 31, 2020 As of December 31, 2019 (Dollars in thousands) Nonclassified Classified Nonclassified Classified One-to-four family residential real estate $ 147,591 $ 1,403 $ 145,311 $ 1,194 Construction and land 23,861 796 21,560 899 Commercial real estate 137,577 4,135 130,714 2,787 Commercial 113,195 8,076 101,678 7,934 Agriculture 90,158 5,962 93,259 5,299 Municipal 2,628 - 2,656 - Consumer 25,647 15 25,097 4 Total $ 540,657 $ 20,387 $ 520,275 $ 18,117 At March 31, 2020, the Company had nine loan relationships consisting of thirteen outstanding loans that were classified as TDRs. There were no loans classified as TDRs during the first three months of 2020 or 2019. The Company evaluates each TDR individually and returns the loan to accrual status when a payment history is established after the restructuring and future payments are reasonably assured. There were no loans modified as TDRs for which there was a payment default within 12 months of modification as of March 31, 2020 and 2019. The Company did not record any charge-offs against loans classified as TDRs in the first quarter of 2020 or 2019. A credit provision of $1,000 was recorded in the three months ended March 31, 2020 compared to no provision related to TDRs recorded in the three months ended March 31, 2019. The Company allocated $9,000 of the allowance for loan losses recorded against loans classified as TDRs at March 31, 2020 and December 31, 2019. The following table presents information on loans that are classified as TDRs: (Dollars in thousands) As of March 31, 2020 As of December 31, 2019 Number of loans Non-accrual balance Accruing balance Number of loans Non-accrual balance Accruing balance One-to-four family residential real estate 2 $ - $ 165 2 $ - $ 168 Construction and land 4 508 523 4 510 581 Commercial real estate 1 - 2,021 1 - 2,021 Commercial 1 - 28 1 - 28 Agriculture 4 - 243 4 - 278 Municipal 1 - 58 1 - 58 Total troubled debt restructurings 13 $ 508 $ 3,038 13 $ 510 $ 3,134 As of March 31, 2020, the Company had 12 loan modifications on outstanding loan balances of $8.4 million in connection with the Coronavirus Disease 2019 (COVID-19) pandemic. These modifications consisted of payment deferrals that were less than 180 days and consisted of either the full loan payment or just the principal component. Consistent with regulatory guidance, the Company also entered into short-term forbearance plans or short-term repayment plans on three one-to-four family residential mortgage loans totaling $682,000 as of March 31, 2020. Based on the Joint Interagency Regulatory Guidance, these loan modifications were not classified as TDRs and are excluded from the table above.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets The Company tests goodwill for impairment annually or more frequently if circumstances warrant. The Company’s annual step one impairment test as of December 31, 2019 concluded that its goodwill was not impaired. The Company concluded there was triggering event during the first three months of 2020 that required an interim goodwill impairment test. The Company’s interim step one impairment test as of March 31, 2020 concluded that its goodwill was not impaired. Lease intangible assets are amortized over the life of the lease. Core deposit intangible assets are amortized over the estimated useful life of ten years on an accelerated basis. Mortgage servicing rights are amortized over the estimated life of the mortgage loan serviced for others. A summary of the other intangible assets that continue to be subject to amortization was as follows: (Dollars in thousands) As of March 31, 2020 Gross carrying amount Accumulated amortization Net carrying amount Core deposit intangible assets $ 2,018 $ (1,742 ) $ 276 Lease intangible asset 350 (290 ) 60 Mortgage servicing rights 7,000 (4,572 ) 2,428 Total other intangible assets $ 9,368 $ (6,604 ) $ 2,764 (Dollars in thousands) As of December 31, 2019 Gross carrying amount Accumulated amortization Net carrying amount Core deposit intangible assets $ 2,018 $ (1,707 ) $ 311 Lease intangible asset 350 (278 ) 72 Mortgage servicing rights 6,910 (4,464 ) 2,446 Total other intangible assets $ 9,278 $ (6,449 ) $ 2,829 The following sets forth estimated amortization expense for core deposit and lease intangible assets for the remainder of 2020 and in successive years ending December 31: (Dollars in thousands) Amortization expense Remainder of 2020 $ 131 2021 121 2022 58 2023 26 Total $ 336 Mortgage loans serviced for others are not reported as assets. The following table provides information on the principal balances of mortgage loans serviced for others: (Dollars in thousands) March 31, December 31, 2020 2019 FHLMC $ 511,759 $ 509,101 FHLB 42,155 40,462 Total $ 553,914 $ 549,563 Custodial escrow balances maintained in connection with serviced loans were $8.2 million and $4.7 million at March 31, 2020 and December 31, 2019, respectively. Gross service fee income related to such loans was $357,000 and $335,000 for the three months ended March 31, 2020 and 2019, respectively, and is included in fees and service charges in the consolidated statements of earnings. Activity for mortgage servicing rights was as follows: Three months ended (Dollars in thousands) March 31, 2020 2019 Mortgage servicing rights: Balance at beginning of period $ 2,446 $ 2,495 Additions 212 97 Amortization (230 ) (208 ) Balance at end of period $ 2,428 $ 2,384 The fair value of mortgage servicing rights was $4.3 million and $5.2 million at March 31, 2020 and December 31, 2019, respectively. Fair value at March 31, 2020 was determined using discount rates ranging from 9.00% to 11.00%; prepayment speeds ranging from 6.00% to 22.91%, depending on the stratification of the specific mortgage servicing right; and a weighted average default rate of 1.42%. Fair value at December 31, 2019 was determined using discount rates ranging from 9.00% to 11.00%, prepayment speeds ranging from 6.00% to 23.21%, depending on the stratification of the specific mortgage servicing right, and a weighted average default rate of 1.40%. The Company had a mortgage repurchase reserve of $235,000 at both March 31, 2020 and December 31, 2019, which represents the Company’s best estimate of probable losses that the Company will incur related to the repurchase of one-to-four family residential real estate loans previously sold or to reimburse investors for credit losses incurred on loans previously sold where a breach of the contractual representations and warranties occurred. The Company did not incur any losses charged against the reserve or make any provisions to the reserve during the first three months of 2020 and 2019.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings per share (1):
Earnings Per Share	5. Earnings per Share Basic earnings per share have been computed based upon the weighted average number of common shares outstanding during each period. Diluted earnings per share include the effect of all potential common shares outstanding during each period. The diluted earnings per share computations for the three months ended March 31, 2020 and 2019 excluded 100,039 and 32,408, respectively, of unexercised stock options because their inclusion would have been anti-dilutive during such periods. The shares used in the calculation of basic and diluted earnings per share are shown below: Three months ended (Dollars in thousands, except per share amounts) March 31, 2020 2019 Net earnings $ 3,363 $ 2,183 Weighted average common shares outstanding - basic (1) 4,579,592 4,590,722 Assumed exercise of stock options (1) 18,211 14,886 Weighted average common shares outstanding - diluted (1) 4,597,803 4,605,608 Earnings per share (1): Basic $ 0.73 $ 0.47 Diluted $ 0.73 $ 0.47 (1) Share and per share values for the period ended March 31, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.

Repurchase Agreements

Repurchase Agreements	3 Months Ended
	Mar. 31, 2020
Brokers and Dealers [Abstract]
Repurchase Agreements	6. Repurchase Agreements The Company has overnight repurchase agreements with certain deposit customers whereby the Company uses investment securities as collateral for non-insured funds. These balances are accounted for as collateralized financing and included in other borrowings on the balance sheet. Repurchase agreements are comprised of non-insured customer funds, totaling $9.0 million at March 31, 2020 and $17.5 million at December 31, 2019, which were secured by $12.2 million and $20.1 million of the Company’s investment portfolio at the same dates, respectively. The following is a summary of the balances and collateral of the Company’s repurchase agreements: As of March 31, 2020 (dollars in thousands) Overnight and Greater Continuous Up to 30 days 30-90 days than 90 days Total Repurchase agreements: U.S. federal agency obligations $ 1,503 $ - $ - $ - $ 1,503 Agency mortgage-backed securities 7,449 - - - 7,449 Total $ 8,952 $ - $ - $ - $ 8,952 As of December 31, 2019 Overnight and Up to Greater Continuous 30 days 30-90 days than 90 days Total Repurchase agreements: U.S. federal treasury obligations $ 789 $ - $ - $ - $ 789 U.S. federal agency obligations 1,978 - - - 1,978 Agency mortgage-backed securities 14,781 - - - 14,781 Total $ 17,548 $ - $ - $ - $ 17,548 The investment securities are held by a third party financial institution in the customer’s custodial account. The Company is required to maintain adequate collateral for each repurchase agreement. Changes in the fair value of the investment securities impact the amount of collateral required. If the Company were to default, the investment securities would be used to settle the repurchase agreement with the deposit customer.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	7. Revenue from Contracts with Customers All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income. Items outside the scope of ASC 606 are noted as such. Three months ended (Dollars in thousands) March 31, 2020 2019 Non-interest income: Service charges on deposits Overdraft fees $ 873 $ 777 Other 146 126 Interchange income 535 435 Loan servicing fees (1) 357 335 Office lease income (1) 162 161 Gains on sales of loans (1) 1,193 1,120 Bank owned life insurance income (1) 154 159 Gains on sales of investment securities (1) 1,770 - Losses on sales of real estate owned (1 ) - Other 164 143 Total non-interest income $ 5,353 $ 3,256 (1) Not within the scope of ASC 606. A description of the Company’s revenue streams under ASC 606 follows: Service Charges on Deposit Accounts The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM usage fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period during which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Interchange Income The Company earns interchange fees from debit cardholder transactions conducted through the interchange payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Gains (Losses) on Sales of Real Estate Owned The Company records a gain or loss from the sale of real estate owned when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of real estate owned to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the real estate owned asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. There were no sales of real estate owned that were financed by the Company during the first three months of 2020 or 2019.

Fair Value of Financial Instrum

Fair Value of Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments and Fair Value Measurements	8. Fair Value of Financial Instruments and Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value estimates of the Company’s financial instruments as of March 31, 2020 and December 31, 2019, including methods and assumptions utilized, are set forth below: (Dollars in thousands) As of March 31, 2020 Carrying amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 28,782 $ 28,782 $ - $ - $ 28,782 Investment securities available-for-sale 314,489 2,057 312,432 - 314,489 Bank stocks, at cost 3,344 n/a n/a n/a n/a Loans, net 553,736 - - 564,022 564,022 Loans held for sale 9,753 - 9,753 - 9,753 Derivative financial instruments 1,576 - 1,576 - 1,576 Accrued interest receivable 4,508 10 1,716 2,782 4,508 Financial liabilities: Non-maturity deposits $ (696,317 ) $ (696,317 ) $ - $ - (696,317 ) Time deposits (134,163 ) - (134,491 ) - (134,491 ) FHLB borrowings - - - - - Subordinated debentures (21,651 ) - (19,232 ) - (19,232 ) Other borrowings (9,202 ) - (9,202 ) - (9,202 ) Accrued interest payable (362 ) - (362 ) - (362 ) Derivative financial instruments (1,128 ) - (1,128 ) - (1,128 ) As of December 31, 2019 Carrying amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 13,694 $ 13,694 $ - $ - $ 13,694 Investment securities available-for-sale 362,998 2,316 360,682 - 362,998 Bank stocks, at cost 3,109 n/a n/a n/a n/a Loans, net 532,180 - - 538,427 538,427 Loans held for sale 8,497 - 8,497 - 8,497 Derivative financial instruments 532 - 532 - 532 Accrued interest receivable 4,557 2 1,895 2,660 4,557 Financial liabilities: Non-maturity deposits $ (687,985 ) $ (687,985 ) $ - $ - (687,985 ) Time deposits (147,063 ) - (146,390 ) - (146,390 ) FHLB borrowings (3,000 ) - (3,000 ) - (3,000 ) Subordinated debentures (21,651 ) - (19,527 ) - (19,527 ) Other borrowings (17,548 ) - (17,548 ) - (17,548 ) Accrued interest payable (404 ) - (404 ) - (404 ) Derivative financial instruments (50 ) - (50 ) - (50 ) Transfers The Company did not transfer any assets or liabilities among levels during the three months ended March 31, 2020 or during the year ended December 31, 2019. Valuation Methods for Instruments Measured at Fair Value on a Recurring Basis The following tables represent the Company’s financial instruments that are measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019, allocated to the appropriate fair value hierarchy: (Dollars in thousands) As of March 31, 2020 Fair value hierarchy Total Level 1 Level 2 Level 3 Assets: Available-for-sale investment securities: U. S. treasury securities $ 2,057 $ 2,057 $ - $ - U. S. federal agency obligations 2,163 - 2,163 - Municipal obligations, tax exempt 141,683 - 141,683 - Municipal obligations, taxable 50,057 - 50,057 - Agency mortgage-backed securities 116,624 - 116,624 - Certificates of deposit 1,905 - 1,905 - Loans held for sale 9,753 - 9,753 - Derivative financial instruments 1,576 - 1,576 - Liability: Derivative financial instruments (1,128 ) - (1,128 ) - As of December 31, 2019 Fair value hierarchy Total Level 1 Level 2 Level 3 Assets: Available-for-sale investment securities: U. S. treasury securities $ 2,316 $ 2,316 $ - $ - U. S. federal agency obligations 4,106 - 4,106 - Municipal obligations, tax exempt 145,862 - 145,862 - Municipal obligations, taxable 46,779 - 46,779 - Agency mortgage-backed securities 162,031 - 162,031 - Certificates of deposit 1,904 - 1,904 - Loans held for sale 8,497 - 8,497 - Derivative financial instruments 532 - 532 - Liability: Derivative financial instruments (50 ) - (50 ) - The Company’s investment securities classified as available-for-sale include U.S. treasury securities, U.S. federal agency obligations, municipal obligations, agency mortgage-backed securities and certificates of deposits. Quoted exchange prices are available for the Company’s U.S treasury securities, which are classified as Level 1. U.S. federal agency securities and agency mortgage-backed securities are priced utilizing industry-standard models that consider various assumptions, including time value, yield curves, volatility factors, prepayment speeds, default rates, loss severity, current market and contractual prices for the underlying financial instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. These measurements are classified as Level 2. Municipal obligations are valued using a type of matrix, or grid, pricing in which securities are benchmarked against U.S. treasury rates based on credit rating. These model and matrix measurements are classified as Level 2 in the fair value hierarchy. Changes in the fair value of available-for-sale securities are included in other comprehensive income to the extent the changes are not considered other-than-temporary impairments. Other-than-temporary impairment tests are performed on a quarterly basis and any decline in the fair value of an individual security below its cost that is deemed to be other-than-temporary results in a write-down of that security’s cost basis. Mortgage loans originated and intended for sale in the secondary market are carried at fair value. The mortgage loan valuations are based on quoted secondary market prices for similar loans and are classified as Level 2. Changes in the fair value of mortgage loans originated and intended for sale in the secondary market and derivative financial instruments are included in gains on sales of loans. The aggregate fair value, contractual balance (including accrued interest), and gain on loans held for sale were as follows: As of As of March 31, December 31, (Dollars in thousands) 2020 2019 Aggregate fair value $ 9,753 $ 8,497 Contractual balance 9,707 8,316 Gain $ 46 $ 181 The Company’s derivative financial instruments consist of interest rate lock commitments and corresponding forward sales contracts on mortgage loans held for sale. The fair values of these derivatives are based on quoted prices for similar loans in the secondary market. The market prices are adjusted by a factor, based on the Company’s historical data and its judgment about future economic trends, which considers the likelihood that a commitment will ultimately result in a closed loan. These instruments are classified as Level 2. The amounts are included in other assets or other liabilities on the consolidated balance sheets and gains on sales of loans, net in the consolidated statements of earnings. The total amount of gains from changes in fair value of loans held for sale included in earnings were as follows: Three months ended March 31, (Dollars in thousands) 2020 2019 Interest income $ 56 $ 51 Change in fair value (135 ) 148 Total change in fair value $ (79 ) $ 199 Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis The Company does not record its loan portfolio at fair value. Collateral-dependent impaired loans are generally carried at the lower of cost or fair value of the collateral, less estimated selling costs. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company and then further adjusted if warranted based on relevant facts and circumstances. The appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales and income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Impaired loans are reviewed and evaluated at least quarterly for additional impairment and adjusted accordingly, based on the same factors identified above. The carrying value of the Company’s impaired loans was $10.6 million and $8.7 million, with an allocated allowance of $543,000 and $733,000, at March 31, 2020 and December 31, 2019, respectively. Real estate owned includes assets acquired through, or in lieu of, foreclosure and land previously acquired for expansion. Real estate owned is initially recorded at the fair value of the collateral less estimated selling costs. Subsequent valuations are updated periodically and are based upon independent appraisals, third party price opinions or internal pricing models. The appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales and income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Real estate owned is reviewed and evaluated at least annually for additional impairment and adjusted accordingly, based on the same factors identified above. The following tables represent the Company’s financial instruments that are measured at fair value on a non-recurring basis as of March 31, 2020 and December 31, 2019 allocated to the appropriate fair value hierarchy: (Dollars in thousands) As of March 31, 2020 Total Fair value hierarchy (losses)/ Total Level 1 Level 2 Level 3 gains Assets: Impaired loans: One-to-four family residential real estate $ 240 $ - $ - $ 240 $ 1 Commercial real estate 144 - - 144 51 Commercial 661 - - 661 (31 ) Agriculture 140 - - 140 70 As of December 31, 2019 Total Fair value hierarchy (losses)/ Total Level 1 Level 2 Level 3 gains Assets: Impaired loans: One-to-four family residential real estate $ 240 $ - $ - $ 240 $ (15 ) Commercial real estate 100 - - 100 (103 ) Commercial 678 - - 678 (177 ) Agriculture 405 - - 405 (93 ) The following table presents quantitative information about Level 3 fair value measurements measured at fair value on a nonrecurring basis as of March 31, 2020 and December 31, 2019. (Dollars in thousands) Fair value Valuation technique Unobservable inputs Range As of March 31, 2020 Impaired loans: One-to-four family residential real estate $ 240 Sales comparison Adjustment to appraised value 0%-25 % Commercial real estate 144 Sales comparison Adjustment to appraised value 15 % Commercial 661 Sales comparison Adjustment to comparable sales 0%-69 % Agriculture 140 Sales comparison Adjustment to appraised value 0%-30 % As of December 31, 2019 Impaired loans: One-to-four family residential real estate $ 240 Sales comparison Adjustment to appraised value 0%-25 % Commercial real estate 100 Sales comparison Adjustment to appraised value 15 % Commercial 678 Sales comparison Adjustment to comparable sales 0%-75 % Agriculture 405 Sales comparison Adjustment to appraised value 0%-30 %

Regulatory Capital Requirements

Regulatory Capital Requirements	3 Months Ended
	Mar. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Capital Requirements	9. Regulatory Capital Requirements Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Management believed that as of March 31, 2020, the Company and the Bank met all capital adequacy requirements to which they were subject at that time. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The Company and the Bank are subject to the Basel III Rule, which is applicable to all U.S. banks that are subject to minimum capital requirements, as well as to bank and savings and loan holding companies other than “small bank holding companies” (generally, non-public bank holding companies with consolidated assets of less than $3.0 billion). The Basel III Rule includes a common equity Tier 1 capital to risk-weighted assets minimum ratio of 4.5%, a minimum ratio of Tier 1 capital to risk-weighted assets of 6.0%, a minimum ratio of Total Capital to risk-weighted assets of 8.0%, and a minimum Tier 1 leverage ratio of 4.0%. A capital conservation buffer, equal to 2.5% of common equity Tier 1 capital, is also established above the regulatory minimum capital requirements. The capital conservation buffer increases the common equity Tier 1 capital ratio, and Tier 1 capital and total risk based capital ratios. As of March 31, 2020 and December 31, 2019, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action then in effect. There are no conditions or events since that notification that management believes have changed the institution’s category. The following is a comparison of the Company’s regulatory capital to minimum capital requirements at March 31, 2020 and December 31, 2019: (Dollars in thousands) For capital Actual adequacy purposes Amount Ratio Amount Ratio (1) As of March 31, 2020 Leverage $ 107,546 11.20 % $ 38,402 4.0 % Common Equity Tier 1 Capital 86,546 12.94 % 46,835 7.0 % Tier 1 Capital 107,546 16.07 % 56,871 8.5 % Total Risk Based Capital 115,165 17.21 % 70,253 10.5 % As of December 31, 2019 Leverage $ 106,938 10.94 % $ 39,109 4.0 % Common Equity Tier 1 Capital 85,938 13.09 % 45,952 7.0 % Tier 1 Capital 106,938 16.29 % 55,799 8.5 % Total Risk Based Capital 113,545 17.30 % 68,928 10.5 % (1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%. The following is a comparison of the Bank’s regulatory capital to minimum capital requirements at March 31, 2020 and December 31, 2019: To be well-capitalized under prompt (Dollars in thousands) For capital corrective Actual adequacy purposes action provisions Amount Ratio Amount Ratio(1) Amount Ratio As of March 31, 2020 Leverage $ 105,239 10.77 % $ 39,104 4.0 % $ 48,880 5.0 % Common Equity Tier 1 Capital 105,239 15.75 % 46,763 7.0 % 43,423 6.5 % Tier 1 Capital 105,239 15.75 % 567,884 8.5 % 53,444 8.0 % Total Risk Based Capital 112,858 16.89 % 70,145 10.5 % 66,805 10.0 % As of December 31, 2019 Leverage $ 104,510 10.72 % $ 38,984 4.0 % $ 48,730 5.0 % Common Equity Tier 1 Capital 104,510 15.94 % 45,884 7.0 % 42,607 6.5 % Tier 1 Capital 104,510 15.94 % 55,716 8.5 % 52,439 8.0 % Total Risk Based Capital 111,117 16.95 % 68,826 10.5 % 65,549 10.0 % (1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.

Impact of Recent Accounting Pro

Impact of Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Impact of Recent Accounting Pronouncements	10. Impact of Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), commonly referred to as “CECL.” The provisions of the update eliminate the probable initial recognition threshold under current GAAP which requires reserves to be based on an incurred loss methodology. Under CECL, reserves required for financial assets measured at amortized cost will reflect an organization’s estimate of all expected credit losses over the expected term of the financial asset and thereby require the use of reasonable and supportable forecasts to estimate future credit losses. Because CECL encompasses all financial assets carried at amortized cost, the requirement that reserves be established based on an organization’s reasonable and supportable estimate of expected credit losses extends to held to maturity debt securities. Under the provisions of the update, credit losses recognized on available for sale debt securities will be presented as an allowance as opposed to a write-down. In addition, CECL will modify the accounting for purchased loans, with credit deterioration since origination, so that reserves are established at the date of acquisition for purchased loans. Under current GAAP a purchased loan’s contractual balance is adjusted to fair value through a credit discount, and no reserve is recorded on the purchased loan upon acquisition. Since under CECL reserves will be established for purchased loans at the time of acquisition, the accounting for purchased loans is made more comparable to the accounting for originated loans. Finally, increased disclosure requirements under CECL require organizations to present the currently required credit quality disclosures disaggregated by the year of origination or vintage. FASB expects that the evaluation of underwriting standards and credit quality trends by financial statement users will be enhanced with the additional vintage disclosures. For public entities, the amendments of the update became effective on January 1, 2020. In October 2019, the FASB approved a change in the effective dates for CECL which delayed the effective date to fiscal years beginning after December 15, 2022 for smaller reporting companies. Because the Company is a smaller reporting company, the proposed delay is applicable to the Company, and the Company plans to delay the implementation of CECL until January 1, 2023. Management formed an implementation committee that has implemented a process to collect the data and is utilizing a vendor solution for the new standard. Initial calculations estimate the effect will be an increase to the allowance for loan losses upon adoption. However, the size of the overall increase is uncertain at this time. Management will utilize the delay to continue to refine and back test the CECL calculation. The internal controls over financial reporting specifically related to CECL are in the design stage and are currently being evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, issued a revised Interagency Statement on Loan Modifications and Reporting for Financial Institutions, which, among other things, encouraged financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations because of the effects of COVID-19, and stated that institutions generally do not need to categorize COVID-19-related modifications as TDRs and that the agencies will not direct supervised institutions to automatically categorize all COVID-19-related loan modifications as TDRs. The interagency guidance was effective immediately and is expected to have a material impact on the Company’s financial statements.

Covid-19 Pandemic

Covid-19 Pandemic	3 Months Ended
	Mar. 31, 2020
Covid-19 Pandemic
Covid-19 Pandemic	11. COVID-19 Pandemic The COVID-19 pandemic in the United States is expected to have a complex and significant adverse impact on the economy, the banking industry and the Company in future fiscal periods, all subject to a high degree of uncertainty. The COVID-19 pandemic could adversely impact our customers, employees or vendors which may impact our operations and financial results. The COVID-19 pandemic may cause economic declines in excess of current projections, or if the pandemic lasts longer than currently projected, the Company’s provision for loan losses may remain elevated or increase in future periods. The Company expects to see higher loan delinquencies and defaults in future periods as a result of the COVID-19 pandemic and will continue to monitor our allowance for loan losses in light of changing economic conditions related to COVID-19. The COVID-19 pandemic may also impact the Company’s deposit balances and service charge income. In addition, the fair value of certain assets may be adversely impacted by the pandemic and the economic downturn, including the fair value of goodwill, mortgage servicing rights and other real estate. These declines could result in impairments in future periods. The pandemic has caused a significant decline in market interest rates which may cause our net interest margin to decline. At this time, the full impact of the COVID-19 pandemic on the Company’s financial statements is uncertain. As of April 30, 2020, the Company had 111 COVID-19 loan modifications related to deferrals of loan payments on outstanding loan balances of $43.5 million. Consistent with regulatory guidance, the Company also entered into short-term forbearance plans or short-term repayment plans on 12 one-to-four family residential mortgage loans totaling $1.6 million as of April 30, 2020. The Company had originated 739 loans totaling $123.6 million under the Small Business Administration’s paycheck protection program as of April 30, 2020.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	A summary of investment securities available-for-sale is as follows: As of March 31, 2020 Gross Gross Amortized unrealized unrealized Estimated (Dollars in thousands) cost gains losses fair value U. S. treasury securities $ 2,000 $ 57 $ - $ 2,057 U. S. federal agency obligations 2,015 148 - 2,163 Municipal obligations, tax exempt 138,118 3,626 (61 ) 141,683 Municipal obligations, taxable 48,307 1,822 (72 ) 50,057 Agency mortgage-backed securities 112,570 4,054 - 116,624 Certificates of deposit 1,905 - - 1,905 Total available-for-sale $ 304,915 $ 9,707 $ (133 ) $ 314,489 As of December 31, 2019 Gross Gross Amortized unrealized unrealized Estimated (Dollars in thousands) cost gains losses fair value U. S. treasury securities $ 2,300 $ 16 $ - $ 2,316 U. S. federal agency obligations 4,015 91 - 4,106 Municipal obligations, tax exempt 142,391 3,513 (42 ) 145,862 Municipal obligations, taxable 45,541 1,293 (55 ) 46,779 Agency mortgage-backed securities 159,908 2,353 (230 ) 162,031 Certificates of deposit 1,904 - - 1,904 Total available-for-sale $ 356,059 $ 7,266 $ (327 ) $ 362,998
Schedule of Available for Sale Securities Continuous Unrealized Loss Position Fair Value	Securities which were temporarily impaired are shown below, along with the length of time in a continuous unrealized loss position. As of March 31, 2020 (Dollars in thousands) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized securities value losses value losses value losses Municipal obligations, tax exempt 19 5,220 (60 ) 436 (1 ) 5,656 (61 ) Municipal obligations, taxable 6 3,307 (72 ) - - 3,307 (72 ) Total 25 $ 8,527 $ (132 ) $ 436 $ (1 ) $ 8,963 $ (133 ) As of December 31, 2019 (Dollars in thousands) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized securities value losses value losses value losses Municipal obligations, tax exempt 23 5,676 (16 ) 3,473 (26 ) 9,149 (42 ) Municipal obligations, taxable 4 2,563 (55 ) - - 2,563 (55 ) Agency mortgage-backed securities 21 15,735 (43 ) 17,137 (187 ) 32,872 (230 ) Total 48 $ 23,974 $ (114 ) $ 20,610 $ (213 ) $ 44,584 $ (327 )
Schedule of Investments Classified by Contractual Maturity Date	Actual maturities will differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. (Dollars in thousands) Amortized Estimated cost fair value Due in less than one year $ 8,256 $ 8,286 Due after one year but within five years 139,382 143,620 Due after five years but within ten years 81,323 84,067 Due after ten years 75,954 78,516 Total $ 304,915 $ 314,489
Schedule of Realized Gain (loss)	Sales proceeds and gross realized gains and losses on sales of available-for-sale securities were as follows for the periods indicated: (Dollars in thousands) Three months ended March 31, 2020 2019 Sales proceeds $ 44,508 $ - Realized gains $ 1,772 $ - Realized losses (2 ) - Net realized gains $ 1,770 $ -

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Schedule of Loans	Loans consisted of the following as of the dates indicated below: March 31, December 31, (Dollars in thousands) 2020 2019 One-to-four family residential real estate $ 148,994 $ 146,505 Construction and land 24,657 22,459 Commercial real estate 141,712 133,501 Commercial 121,271 109,612 Agriculture 96,120 98,558 Municipal 2,628 2,656 Consumer 25,662 25,101 Total gross loans 561,044 538,392 Net deferred loan costs and loans in process 171 255 Allowance for loan losses (7,479 ) (6,467 ) Loans, net $ 553,736 $ 532,180
Schedule of Allowance for Credit Losses On Financing Receivables	The following tables provide information on the Company’s allowance for loan losses by loan class and allowance methodology: Three months ended March 31, 2020 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Balance at January 1, 2020 $ 501 $ 271 $ 1,386 $ 1,815 $ 2,347 $ 7 $ 140 $ 6,467 Charge-offs - (100 ) - (33 ) - - (87 ) (220 ) Recoveries - - - 1 - 6 25 32 Provision for loan losses 152 54 242 642 34 (6 ) 82 1,200 Balance at March 31, 2020 $ 653 $ 225 $ 1,628 $ 2,425 $ 2,381 $ 7 $ 160 $ 7,479 Three months ended March 31, 2019 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Balance at January 1, 2019 $ 449 $ 168 $ 1,686 $ 1,051 $ 2,238 $ 7 $ 166 $ 5,765 Charge-offs - - - - - - (49 ) (49 ) Recoveries 1 - - 1 - 6 14 22 Provision for loan losses 24 (12 ) 185 113 (110 ) (6 ) 6 200 Balance at March 31, 2019 $ 474 $ 156 $ 1,871 $ 1,165 $ 2,128 $ 7 $ 137 $ 5,938 As of March 31, 2020 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Individually evaluated for loss $ 129 $ 91 $ 52 $ 235 $ 36 $ - $ - $ 543 Collectively evaluated for loss 524 134 1,576 2,190 2,345 7 160 6,936 Total $ 653 $ 225 $ 1,628 $ 2,425 $ 2,381 $ 7 $ 160 $ 7,479 Loan balances: Individually evaluated for loss $ 1,436 $ 1,319 $ 5,504 $ 1,576 $ 690 $ 58 $ 15 $ 10,598 Collectively evaluated for loss 147,558 23,338 136,208 119,695 95,430 2,570 25,647 550,446 Total $ 148,994 $ 24,657 $ 141,712 $ 121,271 $ 96,120 $ 2,628 $ 25,662 $ 561,044 As of December 31, 2019 (Dollars in thousands) One-to-four family residential real estate Construction and land Commercial real estate Commercial Agriculture Municipal Consumer Total Allowance for loan losses: Individually evaluated for loss $ 129 $ 191 $ 103 $ 204 $ 106 $ - $ - $ 733 Collectively evaluated for loss 372 80 1,283 1,611 2,241 7 140 5,734 Total $ 501 $ 271 $ 1,386 $ 1,815 $ 2,347 $ 7 $ 140 $ 6,467 Loan balances: Individually evaluated for loss $ 1,256 $ 1,479 $ 3,461 $ 1,298 $ 1,124 $ 58 $ 4 $ 8,680 Collectively evaluated for loss 145,249 20,980 130,040 108,314 97,434 2,598 25,097 529,712 Total $ 146,505 $ 22,459 $ 133,501 $ 109,612 $ 98,558 $ 2,656 $ 25,101 $ 538,392
Schedule of Impaired Financing Receivables	The following tables present information on impaired loans: (Dollars in thousands) As of March 31, 2020 Unpaid contractual principal Impaired loan balance Impaired loans Impaired loans with an allowance Related allowance recorded Year-to-date average loan balance Year-to-date interest income recognized One-to-four family residential real estate $ 1,477 $ 1,436 $ 1,067 $ 369 $ 129 $ 1,442 $ 2 Construction and land 3,154 1,319 1,228 91 91 1,353 7 Commercial real estate 5,504 5,504 5,308 196 52 5,510 118 Commercial 1,710 1,576 680 896 235 1,578 1 Agriculture 905 690 514 176 36 733 13 Municipal 58 58 58 - - 58 - Consumer 15 15 15 - - 15 - Total impaired loans $ 12,823 $ 10,598 $ 8,870 $ 1,728 $ 543 $ 10,689 $ 141 (Dollars in thousands) As of December 31, 2019 Unpaid contractual principal Impaired loan balance Impaired Impaired loans with an allowance Related allowance recorded Year-to-date average loan balance Year-to-date interest income recognized One-to-four family residential real estate $ 1,297 $ 1,256 $ 887 $ 369 $ 129 $ 1,291 $ 10 Construction and land 3,214 1,479 1,288 191 191 1,631 36 Commercial real estate 3,461 3,461 3,258 203 103 3,489 478 Commercial 1,427 1,298 416 882 204 1,464 11 Agriculture 1,339 1,124 613 511 106 1,166 48 Municipal 58 58 58 - - 58 1 Consumer 4 4 4 - - 5 - Total impaired loans $ 10,800 $ 8,680 $ 6,524 $ 2,156 $ 733 $ 9,104 $ 584
Schedule of Past Due Financing Receivables	The following tables present information on the Company’s past due and non-accrual loans by loan class: (Dollars in thousands) As of March 31, 2020 30-59 days delinquent and accruing 60-89 days delinquent and accruing 90 days or more delinquent and accruing Total past due loans accruing Non-accrual loans Total past due and non-accrual loans Total loans not past due One-to-four family residential real estate $ 67 $ 221 $ - $ 288 $ 1,271 $ 1,559 $ 147,435 Construction and land - - - - 796 796 23,861 Commercial real estate 265 64 - 329 3,483 3,812 137,900 Commercial 201 127 - 328 1,548 1,876 119,395 Agriculture 456 1,262 - 1,718 447 2,165 93,955 Municipal - - - - - - 2,628 Consumer 11 - - 11 15 26 25,636 Total $ 1,000 $ 1,674 $ - $ 2,674 $ 7,560 $ 10,234 $ 550,810 Percent of gross loans 0.18 % 0.30 % 0.00 % 0.48 % 1.35 % 1.83 % 98.17 % (Dollars in thousands) As of December 31, 2019 30-59 days delinquent and accruing 60-89 days delinquent and accruing 90 days or more delinquent and accruing Total past due loans accruing Non-accrual loans Total past due and non-accrual loans Total loans not past due One-to-four family residential real estate $79 $593 $- $672 $1,088 $1,760 $144,745 Construction and land - - - - 898 898 21,561 Commercial real estate 1,137 707 - 1,844 1,440 3,284 130,217 Commercial 510 68 - 578 1,270 1,848 107,764 Agriculture 316 - - 316 846 1,162 97,396 Municipal - - - - - - 2,656 Consumer 27 - - 27 4 31 25,070 Total $ 2,069 $ 1,368 $ - $ 3,437 $ 5,546 $ 8,983 $ 529,409 Percent of gross loans 0.39 % 0.25 % 0.00 % 0.64 % 1.03 % 1.67 % 98.33 %
Schedule of Risk Categories by Loan Class	The following table provides information on the Company’s risk categories by loan class: As of March 31, 2020 As of December 31, 2019 (Dollars in thousands) Nonclassified Classified Nonclassified Classified One-to-four family residential real estate $ 147,591 $ 1,403 $ 145,311 $ 1,194 Construction and land 23,861 796 21,560 899 Commercial real estate 137,577 4,135 130,714 2,787 Commercial 113,195 8,076 101,678 7,934 Agriculture 90,158 5,962 93,259 5,299 Municipal 2,628 - 2,656 - Consumer 25,647 15 25,097 4 Total $ 540,657 $ 20,387 $ 520,275 $ 18,117
Schedule of Troubled Debt Restructurings On Financing Receivables	The following table presents information on loans that are classified as TDRs: (Dollars in thousands) As of March 31, 2020 As of December 31, 2019 Number of loans Non-accrual balance Accruing balance Number of loans Non-accrual balance Accruing balance One-to-four family residential real estate 2 $ - $ 165 2 $ - $ 168 Construction and land 4 508 523 4 510 581 Commercial real estate 1 - 2,021 1 - 2,021 Commercial 1 - 28 1 - 28 Agriculture 4 - 243 4 - 278 Municipal 1 - 58 1 - 58 Total troubled debt restructurings 13 $ 508 $ 3,038 13 $ 510 $ 3,134

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets and Goodwill	A summary of the other intangible assets that continue to be subject to amortization was as follows: (Dollars in thousands) As of March 31, 2020 Gross carrying amount Accumulated amortization Net carrying amount Core deposit intangible assets $ 2,018 $ (1,742 ) $ 276 Lease intangible asset 350 (290 ) 60 Mortgage servicing rights 7,000 (4,572 ) 2,428 Total other intangible assets $ 9,368 $ (6,604 ) $ 2,764 (Dollars in thousands) As of December 31, 2019 Gross carrying amount Accumulated amortization Net carrying amount Core deposit intangible assets $ 2,018 $ (1,707 ) $ 311 Lease intangible asset 350 (278 ) 72 Mortgage servicing rights 6,910 (4,464 ) 2,446 Total other intangible assets $ 9,278 $ (6,449 ) $ 2,829
Schedule of Finite-lived Intangible Assets, Future Amortization Expense	The following sets forth estimated amortization expense for core deposit and lease intangible assets for the remainder of 2020 and in successive years ending December 31: (Dollars in thousands) Amortization expense Remainder of 2020 $ 131 2021 121 2022 58 2023 26 Total $ 336
Schedule of Participating Mortgage Loans	Mortgage loans serviced for others are not reported as assets. The following table provides information on the principal balances of mortgage loans serviced for others: (Dollars in thousands) March 31, December 31, 2020 2019 FHLMC $ 511,759 $ 509,101 FHLB 42,155 40,462 Total $ 553,914 $ 549,563
Schedule of Servicing Asset at Amortized Cost	Activity for mortgage servicing rights was as follows: Three months ended (Dollars in thousands) March 31, 2020 2019 Mortgage servicing rights: Balance at beginning of period $ 2,446 $ 2,495 Additions 212 97 Amortization (230 ) (208 ) Balance at end of period $ 2,428 $ 2,384

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings per share (1):
Schedule of Earnings Per Share, Basic and Diluted	The shares used in the calculation of basic and diluted earnings per share are shown below: Three months ended (Dollars in thousands, except per share amounts) March 31, 2020 2019 Net earnings $ 3,363 $ 2,183 Weighted average common shares outstanding - basic (1) 4,579,592 4,590,722 Assumed exercise of stock options (1) 18,211 14,886 Weighted average common shares outstanding - diluted (1) 4,597,803 4,605,608 Earnings per share (1): Basic $ 0.73 $ 0.47 Diluted $ 0.73 $ 0.47 (1) Share and per share values for the period ended March 31, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	3 Months Ended
	Mar. 31, 2020
Brokers and Dealers [Abstract]
Schedule of Repurchase Agreements	The following is a summary of the balances and collateral of the Company’s repurchase agreements: As of March 31, 2020 (dollars in thousands) Overnight and Greater Continuous Up to 30 days 30-90 days than 90 days Total Repurchase agreements: U.S. federal agency obligations $ 1,503 $ - $ - $ - $ 1,503 Agency mortgage-backed securities 7,449 - - - 7,449 Total $ 8,952 $ - $ - $ - $ 8,952 As of December 31, 2019 Overnight and Up to Greater Continuous 30 days 30-90 days than 90 days Total Repurchase agreements: U.S. federal treasury obligations $ 789 $ - $ - $ - $ 789 U.S. federal agency obligations 1,978 - - - 1,978 Agency mortgage-backed securities 14,781 - - - 14,781 Total $ 17,548 $ - $ - $ - $ 17,548

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from Contracts with Customers Within Non-interest Income	Items outside the scope of ASC 606 are noted as such. Three months ended (Dollars in thousands) March 31, 2020 2019 Non-interest income: Service charges on deposits Overdraft fees $ 873 $ 777 Other 146 126 Interchange income 535 435 Loan servicing fees (1) 357 335 Office lease income (1) 162 161 Gains on sales of loans (1) 1,193 1,120 Bank owned life insurance income (1) 154 159 Gains on sales of investment securities (1) 1,770 - Losses on sales of real estate owned (1 ) - Other 164 143 Total non-interest income $ 5,353 $ 3,256 (1) Not within the scope of ASC 606.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, by Balance Sheet Grouping	Fair value estimates of the Company’s financial instruments as of March 31, 2020 and December 31, 2019, including methods and assumptions utilized, are set forth below: (Dollars in thousands) As of March 31, 2020 Carrying amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 28,782 $ 28,782 $ - $ - $ 28,782 Investment securities available-for-sale 314,489 2,057 312,432 - 314,489 Bank stocks, at cost 3,344 n/a n/a n/a n/a Loans, net 553,736 - - 564,022 564,022 Loans held for sale 9,753 - 9,753 - 9,753 Derivative financial instruments 1,576 - 1,576 - 1,576 Accrued interest receivable 4,508 10 1,716 2,782 4,508 Financial liabilities: Non-maturity deposits $ (696,317 ) $ (696,317 ) $ - $ - (696,317 ) Time deposits (134,163 ) - (134,491 ) - (134,491 ) FHLB borrowings - - - - - Subordinated debentures (21,651 ) - (19,232 ) - (19,232 ) Other borrowings (9,202 ) - (9,202 ) - (9,202 ) Accrued interest payable (362 ) - (362 ) - (362 ) Derivative financial instruments (1,128 ) - (1,128 ) - (1,128 ) As of December 31, 2019 Carrying amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 13,694 $ 13,694 $ - $ - $ 13,694 Investment securities available-for-sale 362,998 2,316 360,682 - 362,998 Bank stocks, at cost 3,109 n/a n/a n/a n/a Loans, net 532,180 - - 538,427 538,427 Loans held for sale 8,497 - 8,497 - 8,497 Derivative financial instruments 532 - 532 - 532 Accrued interest receivable 4,557 2 1,895 2,660 4,557 Financial liabilities: Non-maturity deposits $ (687,985 ) $ (687,985 ) $ - $ - (687,985 ) Time deposits (147,063 ) - (146,390 ) - (146,390 ) FHLB borrowings (3,000 ) - (3,000 ) - (3,000 ) Subordinated debentures (21,651 ) - (19,527 ) - (19,527 ) Other borrowings (17,548 ) - (17,548 ) - (17,548 ) Accrued interest payable (404 ) - (404 ) - (404 ) Derivative financial instruments (50 ) - (50 ) - (50 )
Schedule of Fair Value, Assets Measured On Recurring Basis	The following tables represent the Company’s financial instruments that are measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019, allocated to the appropriate fair value hierarchy: (Dollars in thousands) As of March 31, 2020 Fair value hierarchy Total Level 1 Level 2 Level 3 Assets: Available-for-sale investment securities: U. S. treasury securities $ 2,057 $ 2,057 $ - $ - U. S. federal agency obligations 2,163 - 2,163 - Municipal obligations, tax exempt 141,683 - 141,683 - Municipal obligations, taxable 50,057 - 50,057 - Agency mortgage-backed securities 116,624 - 116,624 - Certificates of deposit 1,905 - 1,905 - Loans held for sale 9,753 - 9,753 - Derivative financial instruments 1,576 - 1,576 - Liability: Derivative financial instruments (1,128 ) - (1,128 ) - As of December 31, 2019 Fair value hierarchy Total Level 1 Level 2 Level 3 Assets: Available-for-sale investment securities: U. S. treasury securities $ 2,316 $ 2,316 $ - $ - U. S. federal agency obligations 4,106 - 4,106 - Municipal obligations, tax exempt 145,862 - 145,862 - Municipal obligations, taxable 46,779 - 46,779 - Agency mortgage-backed securities 162,031 - 162,031 - Certificates of deposit 1,904 - 1,904 - Loans held for sale 8,497 - 8,497 - Derivative financial instruments 532 - 532 - Liability: Derivative financial instruments (50 ) - (50 ) -
Schedule of Fair Value Contractual Balance and Gain Loss On Loans Held for Sale	The aggregate fair value, contractual balance (including accrued interest), and gain on loans held for sale were as follows: As of As of March 31, December 31, (Dollars in thousands) 2020 2019 Aggregate fair value $ 9,753 $ 8,497 Contractual balance 9,707 8,316 Gain $ 46 $ 181
Schedule of Gains and Losses from Changes in Fair Value of Loans Held for Sale	The total amount of gains from changes in fair value of loans held for sale included in earnings were as follows: Three months ended March 31, (Dollars in thousands) 2020 2019 Interest income $ 56 $ 51 Change in fair value (135 ) 148 Total change in fair value $ (79 ) $ 199
Schedule of Fair Value, Assets Measured On Nonrecurring Basis	The following tables represent the Company’s financial instruments that are measured at fair value on a non-recurring basis as of March 31, 2020 and December 31, 2019 allocated to the appropriate fair value hierarchy: (Dollars in thousands) As of March 31, 2020 Total Fair value hierarchy (losses)/ Total Level 1 Level 2 Level 3 gains Assets: Impaired loans: One-to-four family residential real estate $ 240 $ - $ - $ 240 $ 1 Commercial real estate 144 - - 144 51 Commercial 661 - - 661 (31 ) Agriculture 140 - - 140 70 As of December 31, 2019 Total Fair value hierarchy (losses)/ Total Level 1 Level 2 Level 3 gains Assets: Impaired loans: One-to-four family residential real estate $ 240 $ - $ - $ 240 $ (15 ) Commercial real estate 100 - - 100 (103 ) Commercial 678 - - 678 (177 ) Agriculture 405 - - 405 (93 )
Schedule of Fair Value Measurements On Nonrecurring, Valuation Techniques	The following table presents quantitative information about Level 3 fair value measurements measured at fair value on a nonrecurring basis as of March 31, 2020 and December 31, 2019. (Dollars in thousands) Fair value Valuation technique Unobservable inputs Range As of March 31, 2020 Impaired loans: One-to-four family residential real estate $ 240 Sales comparison Adjustment to appraised value 0%-25 % Commercial real estate 144 Sales comparison Adjustment to appraised value 15 % Commercial 661 Sales comparison Adjustment to comparable sales 0%-69 % Agriculture 140 Sales comparison Adjustment to appraised value 0%-30 % As of December 31, 2019 Impaired loans: One-to-four family residential real estate $ 240 Sales comparison Adjustment to appraised value 0%-25 % Commercial real estate 100 Sales comparison Adjustment to appraised value 15 % Commercial 678 Sales comparison Adjustment to comparable sales 0%-75 % Agriculture 405 Sales comparison Adjustment to appraised value 0%-30 %

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	3 Months Ended
	Mar. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies	The following is a comparison of the Company’s regulatory capital to minimum capital requirements at March 31, 2020 and December 31, 2019: (Dollars in thousands) For capital Actual adequacy purposes Amount Ratio Amount Ratio (1) As of March 31, 2020 Leverage $ 107,546 11.20 % $ 38,402 4.0 % Common Equity Tier 1 Capital 86,546 12.94 % 46,835 7.0 % Tier 1 Capital 107,546 16.07 % 56,871 8.5 % Total Risk Based Capital 115,165 17.21 % 70,253 10.5 % As of December 31, 2019 Leverage $ 106,938 10.94 % $ 39,109 4.0 % Common Equity Tier 1 Capital 85,938 13.09 % 45,952 7.0 % Tier 1 Capital 106,938 16.29 % 55,799 8.5 % Total Risk Based Capital 113,545 17.30 % 68,928 10.5 % (1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.
Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations	The following is a comparison of the Bank’s regulatory capital to minimum capital requirements at March 31, 2020 and December 31, 2019: To be well-capitalized under prompt (Dollars in thousands) For capital corrective Actual adequacy purposes action provisions Amount Ratio Amount Ratio(1) Amount Ratio As of March 31, 2020 Leverage $ 105,239 10.77 % $ 39,104 4.0 % $ 48,880 5.0 % Common Equity Tier 1 Capital 105,239 15.75 % 46,763 7.0 % 43,423 6.5 % Tier 1 Capital 105,239 15.75 % 567,884 8.5 % 53,444 8.0 % Total Risk Based Capital 112,858 16.89 % 70,145 10.5 % 66,805 10.0 % As of December 31, 2019 Leverage $ 104,510 10.72 % $ 38,984 4.0 % $ 48,730 5.0 % Common Equity Tier 1 Capital 104,510 15.94 % 45,884 7.0 % 42,607 6.5 % Tier 1 Capital 104,510 15.94 % 55,716 8.5 % 52,439 8.0 % Total Risk Based Capital 111,117 16.95 % 68,826 10.5 % 65,549 10.0 % (1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.

Investment (Details Narrative)

Investment (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Security owned and pledged as collateral, fair value, total	$ 204,200	$ 240,000
Equity method investment, ownership percentage	10.00%

Investments - Schedule of Avail

Investments - Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 304,915	$ 356,059
Gross unrealized gains	9,707	7,266
Gross unrealized losses	(133)	(327)
Estimated fair value	314,489	362,998
U.S. Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	2,000	2,300
Gross unrealized gains	57	16
Gross unrealized losses
Estimated fair value	2,057	2,316
U.S. Federal Agency Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	2,015	4,015
Gross unrealized gains	148	91
Gross unrealized losses
Estimated fair value	2,163	4,106
Municipal Obligations, Tax Exempt [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	138,118	142,391
Gross unrealized gains	3,626	3,513
Gross unrealized losses	(61)	(42)
Estimated fair value	141,683	145,862
Municipal Obligations, Taxable [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	48,307	45,541
Gross unrealized gains	1,822	1,293
Gross unrealized losses	(72)	(55)
Estimated fair value	50,057	46,779
Agency Mortgage-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	112,570	159,908
Gross unrealized gains	4,054	2,353
Gross unrealized losses		(230)
Estimated fair value	116,624	162,031
Certificates of Deposit [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost	1,905	1,904
Gross unrealized gains
Gross unrealized losses
Estimated fair value	$ 1,905	$ 1,904

Investments - Schedule of Ava_2

Investments - Schedule of Available for Sale Securities Continuous Unrealized Loss Position Fair Value (Details) $ in Thousands	Mar. 31, 2020USD ($)Number	Dec. 31, 2019USD ($)Number
Debt Securities, Available-for-sale [Line Items]
No. of securities | Number	25	48
Fair value, Less than 12 months	$ 8,527	$ 23,974
Unrealized losses, Less than 12 months	(132)	(114)
Fair value, 12 months or longer	436	20,610
Unrealized losses, 12 months or longer	(1)	(213)
Total, Fair value	8,963	44,584
Total, Unrealized losses	$ (133)	$ (327)
Municipal Obligations, Tax Exempt [Member]
Debt Securities, Available-for-sale [Line Items]
No. of securities | Number	19	23
Fair value, Less than 12 months	$ 5,220	$ 5,676
Unrealized losses, Less than 12 months	(60)	(16)
Fair value, 12 months or longer	436	3,473
Unrealized losses, 12 months or longer	(1)	(26)
Total, Fair value	5,656	9,149
Total, Unrealized losses	$ (61)	$ (42)
Municipal Obligations, Taxable [Member]
Debt Securities, Available-for-sale [Line Items]
No. of securities | Number	6	4
Fair value, Less than 12 months	$ 3,307	$ 2,563
Unrealized losses, Less than 12 months	(72)	(55)
Fair value, 12 months or longer
Unrealized losses, 12 months or longer
Total, Fair value	3,307	2,563
Total, Unrealized losses	$ (72)	$ (55)
Agency Mortgage-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
No. of securities | Number		21
Fair value, Less than 12 months		$ 15,735
Unrealized losses, Less than 12 months		(43)
Fair value, 12 months or longer		17,137
Unrealized losses, 12 months or longer		(187)
Total, Fair value		32,872
Total, Unrealized losses		$ (230)

Investments - Schedule of Inves

Investments - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Amortized cost, Due in less than one year	$ 8,256
Amortized cost, Due after one year but within five years	139,382
Amortized cost, Due after five years but within ten years	81,323
Amortized cost, Due after ten years	75,954
Amortized cost, Total	304,915	$ 356,059
Estimated fair value, Due in less than one year	8,286
Estimated fair value, Due after one year but within five years	143,620
Estimated fair value, Due after five years but within ten years	84,067
Estimated fair value, Due after ten years	78,516
Estimated fair value, Total	$ 314,489	$ 362,998

Investments - Schedule of Reali

Investments - Schedule of Realized Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Sales proceeds	$ 44,508
Realized gains	1,772
Realized losses	(2)
Net realized gains	$ 1,770

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Net loan charge-offs	$ 188	$ 27
Impaired financing receivable loan balance charged off	10,600		$ 8,700
Nonaccrual loans, interest earned	120	124
Loans and leases receivable, allowance	(7,479)	(5,938)	(6,467)	$ (5,765)
One-to-Four Family Residential Real Estate Loans [Member]
Loans and leases receivable, allowance	(653)	(474)	(501)	$ (449)
One-to-Four Family Residential Real Estate Loans [Member] | Short-Term Repayment Plans [Member]
Repayments of loans	682
In Connection with COVID-19 Pandemic [Member]
Loan balances, outstanding	8,400
Trouble Debt Restructurings [Member]
Provision for loan losses reversal	1
Loans and leases receivable, allowance	$ 9		$ 9

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Schedule of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Total gross loans	$ 561,044	$ 538,392
Net deferred loan costs and loans in process	171	255
Allowance for loan losses	(7,479)	(6,467)	$ (5,938)	$ (5,765)
Loans, net	553,736	532,180
One-to-Four Family Residential Real Estate Loans [Member]
Total gross loans	148,994	146,505
Allowance for loan losses	(653)	(501)	(474)	(449)
Construction and Land Loan [Member]
Total gross loans	24,657	22,459
Allowance for loan losses	(225)	(271)	(156)	(168)
Commercial Real Estate Loans [Member]
Total gross loans	141,712	133,501
Allowance for loan losses	(1,628)	(1,386)	(1,871)	(1,686)
Commercial Loans [Member]
Total gross loans	121,271	109,612
Agriculture Loans [Member]
Total gross loans	96,120	98,558
Allowance for loan losses	(2,381)	(2,347)	(2,128)	(2,238)
Municipal Loans [Member]
Total gross loans	2,628	2,656
Allowance for loan losses	(7)	(7)	$ (7)	$ (7)
Consumer Loans [Member]
Total gross loans	$ 25,662	$ 25,101

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Schedule of Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Balance	$ 6,467	$ 5,765
Charge-offs	(220)	(49)
Recoveries	32	22
Provision for loan losses	1,200	200
Balance	7,479	5,938
Individually evaluated for loss			$ 543	$ 733
Collectively evaluated for loss			6,936	5,734
Total	7,479	5,765	7,479	6,467
Individually evaluated for loss			10,598	8,680
Collectively evaluated for loss			550,446	529,712
Loans and Leases Receivable, Gross, Total			561,044	538,392
One-to-Four Family Residential Real Estate Loans [Member]
Balance	501	449
Charge-offs
Recoveries		1
Provision for loan losses	152	24
Balance	653	474
Individually evaluated for loss			129	129
Collectively evaluated for loss			524	372
Total	653	474	653	501
Individually evaluated for loss			1,436	1,256
Collectively evaluated for loss			147,558	145,249
Loans and Leases Receivable, Gross, Total			148,994	146,505
Construction and Land Loan [Member]
Balance	271	168
Charge-offs	(100)
Recoveries
Provision for loan losses	54	(12)
Balance	225	156
Individually evaluated for loss			91	191
Collectively evaluated for loss			134	80
Total	225	156	225	271
Individually evaluated for loss			1,319	1,479
Collectively evaluated for loss			23,338	20,980
Loans and Leases Receivable, Gross, Total			24,657	22,459
Commercial Real Estate Loans [Member]
Balance	1,386	1,686
Charge-offs
Recoveries
Provision for loan losses	242	185
Balance	1,628	1,871
Individually evaluated for loss			52	103
Collectively evaluated for loss			1,576	1,283
Total	1,628	1,871	1,628	1,386
Individually evaluated for loss			5,504	3,461
Collectively evaluated for loss			136,208	130,040
Loans and Leases Receivable, Gross, Total			141,712	133,501
Commercial Loans [Member]
Balance	1,815	1,051
Charge-offs	(33)
Recoveries	1	1
Provision for loan losses	642	113
Balance	2,425	1,165
Individually evaluated for loss			235	204
Collectively evaluated for loss			2,190	1,611
Total	2,425	1,165	2,425	1,815
Individually evaluated for loss			1,576	1,298
Collectively evaluated for loss			119,695	108,314
Loans and Leases Receivable, Gross, Total			121,271	109,612
Agriculture Loans [Member]
Balance	2,347	2,238
Charge-offs
Recoveries
Provision for loan losses	34	(110)
Balance	2,381	2,128
Individually evaluated for loss			36	106
Collectively evaluated for loss			2,345	2,241
Total	2,381	2,128	2,381	2,347
Individually evaluated for loss			690	1,124
Collectively evaluated for loss			95,430	97,434
Loans and Leases Receivable, Gross, Total			96,120	98,558
Municipal Loans [Member]
Balance	7	7
Charge-offs
Recoveries	6	6
Provision for loan losses	(6)	(6)
Balance	7	7
Individually evaluated for loss
Collectively evaluated for loss			7	7
Total	7	7	7	7
Individually evaluated for loss			58	58
Collectively evaluated for loss			2,570	2,598
Loans and Leases Receivable, Gross, Total			2,628	2,656
Consumer Loans [Member]
Balance	140	166
Charge-offs	(87)	(49)
Recoveries	25	14
Provision for loan losses	82	6
Balance	160	137
Individually evaluated for loss
Collectively evaluated for loss			160	140
Total	$ 160	$ 137	160	140
Individually evaluated for loss			15	4
Collectively evaluated for loss			25,647	25,097
Loans and Leases Receivable, Gross, Total			$ 25,662	$ 25,101

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Unpaid contractual principal	$ 12,823	$ 10,800
Impaired loan balance	10,598	8,680
Impaired loans without an allowance	8,870	6,524
Impaired loans with an allowance	1,728	2,156
Related allowance recorded	543	733
Year-to-date average loan balance	10,689	9,104
Year-to-date interest income recognized	141	584
One-to-Four Family Residential Real Estate Loans [Member]
Unpaid contractual principal	1,477	1,297
Impaired loan balance	1,436	1,256
Impaired loans without an allowance	1,067	887
Impaired loans with an allowance	369	369
Related allowance recorded	129	129
Year-to-date average loan balance	1,442	1,291
Year-to-date interest income recognized	2	10
Construction and Land Loan [Member]
Unpaid contractual principal	3,154	3,214
Impaired loan balance	1,319	1,479
Impaired loans without an allowance	1,228	1,288
Impaired loans with an allowance	91	191
Related allowance recorded	91	191
Year-to-date average loan balance	1,353	1,631
Year-to-date interest income recognized	7	36
Commercial Real Estate Loans [Member]
Unpaid contractual principal	5,504	3,461
Impaired loan balance	5,504	3,461
Impaired loans without an allowance	5,308	3,258
Impaired loans with an allowance	196	203
Related allowance recorded	52	103
Year-to-date average loan balance	5,510	3,489
Year-to-date interest income recognized	118	478
Commercial Loans [Member]
Unpaid contractual principal	1,710	1,427
Impaired loan balance	1,576	1,298
Impaired loans without an allowance	680	416
Impaired loans with an allowance	896	882
Related allowance recorded	235	204
Year-to-date average loan balance	1,578	1,464
Year-to-date interest income recognized	1	11
Agriculture Loans [Member]
Unpaid contractual principal	905	1,339
Impaired loan balance	690	1,124
Impaired loans without an allowance	514	613
Impaired loans with an allowance	176	511
Related allowance recorded	36	106
Year-to-date average loan balance	733	1,166
Year-to-date interest income recognized	13	48
Municipal Loans [Member]
Unpaid contractual principal	58	58
Impaired loan balance	58	58
Impaired loans without an allowance	58	58
Impaired loans with an allowance
Related allowance recorded
Year-to-date average loan balance	58	58
Year-to-date interest income recognized		1
Consumer Loans [Member]
Unpaid contractual principal	15	4
Impaired loan balance	15	4
Impaired loans without an allowance	15	4
Impaired loans with an allowance
Related allowance recorded
Year-to-date average loan balance	15	5
Year-to-date interest income recognized

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Schedule of Past Due Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Loans, Total past due loans accruing	$ 2,674	$ 3,437
Loans, Non-accrual loans	7,560	5,546
Loan, Total past due and non-accrual loans	10,234	8,983
Loan, Total loans not past due	$ 550,810	$ 529,409
Percentage of gross loans, Total past due loans accruing	0.48%	0.64%
Percent of gross loans, Non-accrual loans	1.35%	1.03%
Percentage of Total past due and non-accrual loans	1.83%	1.67%
Percentage of Total loans not past due	98.17%	98.33%
30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	$ 1,000	$ 2,069
Percentage of gross loans, Total past due loans accruing	0.18%	0.39%
60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	$ 1,674	$ 1,368
Percentage of gross loans, Total past due loans accruing	0.30%	0.25%
90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Percentage of gross loans, Total past due loans accruing	0.00%	0.00%
One-to-Four Family Residential Real Estate Loans [Member]
Loans, Total past due loans accruing	$ 288	$ 672
Loans, Non-accrual loans	1,271	1,088
Loan, Total past due and non-accrual loans	1,559	1,760
Loan, Total loans not past due	147,435	144,745
One-to-Four Family Residential Real Estate Loans [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	67	79
One-to-Four Family Residential Real Estate Loans [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	221	593
One-to-Four Family Residential Real Estate Loans [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Construction and Land Loan [Member]
Loans, Total past due loans accruing
Loans, Non-accrual loans	796	898
Loan, Total past due and non-accrual loans	796	898
Loan, Total loans not past due	23,861	21,561
Construction and Land Loan [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Construction and Land Loan [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Construction and Land Loan [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Commercial Real Estate [Member]
Loans, Total past due loans accruing	329	1,844
Loans, Non-accrual loans	3,483	1,440
Loan, Total past due and non-accrual loans	3,812	3,284
Loan, Total loans not past due	137,900	130,217
Commercial Real Estate [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	265	1,137
Commercial Real Estate [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	64	707
Commercial Real Estate [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Commercial Loans [Member]
Loans, Total past due loans accruing	328	578
Loans, Non-accrual loans	1,548	1,270
Loan, Total past due and non-accrual loans	1,876	1,848
Loan, Total loans not past due	119,395	107,764
Commercial Loans [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	201	510
Commercial Loans [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	127	68
Commercial Loans [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Agriculture Loans [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	456	316
Agriculture Loans [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Municipal Loans [Member]
Loans, Total past due loans accruing
Loans, Non-accrual loans
Loan, Total past due and non-accrual loans
Loan, Total loans not past due	2,628	2,656
Municipal Loans [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Municipal Loans [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Municipal Loans [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Consumer Loans [Member] | 30-59 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	11	27
Consumer Loans [Member] | 90 Days or More Delinquent and Accruing [Member]
Loans, Total past due loans accruing
Agriculture Loans [Member]
Loans, Total past due loans accruing	1,718	316
Loans, Non-accrual loans	447	846
Loan, Total past due and non-accrual loans	2,165	1,162
Loan, Total loans not past due	93,955	97,396
Agriculture Loans [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing	1,262
Consumer Loans [Member]
Loans, Total past due loans accruing	11	27
Loans, Non-accrual loans	15	4
Loan, Total past due and non-accrual loans	26	31
Loan, Total loans not past due	25,636	25,070
Consumer Loans [Member] | 60-89 Days Delinquent and Accruing [Member]
Loans, Total past due loans accruing

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Schedule of Risk Categories by Loan Class (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable, Gross, Total	$ 561,044	$ 538,392
One-to-Four Family Residential Real Estate Loans [Member]
Loans and Leases Receivable, Gross, Total	148,994	146,505
Construction and Land Loan [Member]
Loans and Leases Receivable, Gross, Total	24,657	22,459
Commercial Loans [Member]
Loans and Leases Receivable, Gross, Total	121,271	109,612
Agriculture Loans [Member]
Loans and Leases Receivable, Gross, Total	96,120	98,558
Municipal Loans [Member]
Loans and Leases Receivable, Gross, Total	2,628	2,656
Consumer Loans [Member]
Loans and Leases Receivable, Gross, Total	25,662	25,101
Loans Receivables Non Classified [Member]
Loans and Leases Receivable, Gross, Total	540,657	520,275
Loans Receivables Non Classified [Member] | One-to-Four Family Residential Real Estate Loans [Member]
Loans and Leases Receivable, Gross, Total	147,591	145,311
Loans Receivables Non Classified [Member] | Construction and Land Loan [Member]
Loans and Leases Receivable, Gross, Total	23,861	21,560
Loans Receivables Non Classified [Member] | Commercial Real Estate [Member]
Loans and Leases Receivable, Gross, Total	137,577	130,714
Loans Receivables Non Classified [Member] | Commercial Loans [Member]
Loans and Leases Receivable, Gross, Total	113,195	101,678
Loans Receivables Non Classified [Member] | Agriculture Loans [Member]
Loans and Leases Receivable, Gross, Total	90,158	93,259
Loans Receivables Non Classified [Member] | Municipal Loans [Member]
Loans and Leases Receivable, Gross, Total	2,628	2,656
Loans Receivables Non Classified [Member] | Consumer Loans [Member]
Loans and Leases Receivable, Gross, Total	25,647	25,097
Loans Receivables Classified [Member]
Loans and Leases Receivable, Gross, Total	20,387	18,117
Loans Receivables Classified [Member] | One-to-Four Family Residential Real Estate Loans [Member]
Loans and Leases Receivable, Gross, Total	1,403	1,194
Loans Receivables Classified [Member] | Construction and Land Loan [Member]
Loans and Leases Receivable, Gross, Total	796	899
Loans Receivables Classified [Member] | Commercial Real Estate [Member]
Loans and Leases Receivable, Gross, Total	4,135	2,787
Loans Receivables Classified [Member] | Commercial Loans [Member]
Loans and Leases Receivable, Gross, Total	8,076	7,934
Loans Receivables Classified [Member] | Agriculture Loans [Member]
Loans and Leases Receivable, Gross, Total	5,962	5,299
Loans Receivables Classified [Member] | Municipal Loans [Member]
Loans and Leases Receivable, Gross, Total
Loans Receivables Classified [Member] | Consumer Loans [Member]
Loans and Leases Receivable, Gross, Total	$ 15	$ 4

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)Number	Dec. 31, 2019USD ($)Number
One-to-Four Family Residential Real Estate Loans [Member]
Troubled debt restructurings, Number of loans | Number	2	2
Financing receivable, modifications, recorded investment, non accrual balance
Financing receivable, modifications, recorded investment, accruing balance	$ 165	$ 168
Construction and Land Loan [Member]
Troubled debt restructurings, Number of loans | Number	4	4
Financing receivable, modifications, recorded investment, non accrual balance	$ 508	$ 510
Financing receivable, modifications, recorded investment, accruing balance	$ 523	$ 581
Commercial Real Estate Loans [Member]
Troubled debt restructurings, Number of loans | Number	1	1
Financing receivable, modifications, recorded investment, non accrual balance
Financing receivable, modifications, recorded investment, accruing balance	$ 2,021	$ 2,021
Commercial Loans [Member]
Troubled debt restructurings, Number of loans | Number	1	1
Financing receivable, modifications, recorded investment, non accrual balance
Financing receivable, modifications, recorded investment, accruing balance	$ 28	$ 28
Agriculture Loans [Member]
Troubled debt restructurings, Number of loans | Number	4	4
Financing receivable, modifications, recorded investment, non accrual balance
Financing receivable, modifications, recorded investment, accruing balance	$ 243	$ 278
Municipal Loans [Member]
Troubled debt restructurings, Number of loans | Number	1	1
Financing receivable, modifications, recorded investment, non accrual balance
Financing receivable, modifications, recorded investment, accruing balance	$ 58	$ 58
Troubled Debt Restructurings [Member]
Troubled debt restructurings, Number of loans | Number	13	13
Financing receivable, modifications, recorded investment, non accrual balance	$ 508	$ 510
Financing receivable, modifications, recorded investment, accruing balance	$ 3,038	$ 3,134

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Weighted Average [Member]
Finite-Lived Intangible Assets [Line Items]
Assumption for fair value of interests continued to be held by transferor servicing assets or liabilities weighted average default rate	1.42%		1.40%
Mortgage loans on real estate, write-down or reserve, amount	$ 235		$ 235
Mortgage Loans Serviced [Member]
Finite-Lived Intangible Assets [Line Items]
Escrow deposit	8,200		4,700
Interest and fee income, other loans	357	$ 335
Servicing asset at fair value, amount	$ 4,300		$ 5,200
Mortgage Loans Serviced [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Assumption for fair value of assets or liabilities that relate to transferor's continuing involvement, discount rate	9.00%		9.00%
Assumption for fair value of assets or liabilities that relate to transferor's continuing involvement, prepayment speed	6.00%		6.00%
Mortgage Loans Serviced [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Assumption for fair value of assets or liabilities that relate to transferor's continuing involvement, discount rate	11.00%		11.00%
Assumption for fair value of assets or liabilities that relate to transferor's continuing involvement, prepayment speed	22.91%		23.21%

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	$ 9,368	$ 9,278
Intangible assets, Accumulated amortization	(6,604)	(6,449)
Intangible assets, Net carrying amount	2,764	2,829
Core Deposit Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	2,018	2,018
Intangible assets, Accumulated amortization	(1,742)	(1,707)
Intangible assets, Net carrying amount	276	311
Lease Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	350	350
Intangible assets, Accumulated amortization	(290)	(278)
Intangible assets, Net carrying amount	60	72
Mortgage Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	7,000	6,910
Intangible assets, Accumulated amortization	(4,572)	(4,464)
Intangible assets, Net carrying amount	$ 2,428	$ 2,446

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Finite-lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2020	$ 131
2021	121
2022	58
2023	26
Total	$ 336

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Schedule of Participating Mortgage Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Total	$ 553,914	$ 549,563
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Total	511,759	509,101
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Total	$ 42,155	$ 40,462

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Schedule of Servicing Asset at Amortized Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning of period	$ 2,446	$ 2,495
Additions	212	97
Amortization	(230)	(208)
Balance at end of period	$ 2,428	$ 2,384

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings per share (1):
Diluted earning per shares excluded unexercised stock option	100,039	32,408

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Earnings per share (1):
Net earnings		$ 3,363	$ 2,183
Weighted average common shares outstanding - basic	[1]	4,579,592	4,590,722
Assumed exercise of stock options	[1]	18,211	14,886
Weighted average common shares outstanding - diluted	[1]	4,597,803	4,605,608
Earnings per share: Basic	[2]	$ 0.73	$ 0.47
Earnings per share: Diluted	[2]	$ 0.73	$ 0.47
[1]	Share and per share values for the period ended March 31, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.
[2]	Per share amounts for the period ended March 31, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.

Repurchase Agreements (Details

Repurchase Agreements (Details Narrative) - Repurchase Agreements [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets Sold under Agreements to Repurchase [Line Items]
Customer funds	$ 9,000	$ 17,500
Debt instrument, collateral amount	$ 12,200	$ 20,100

Repurchase Agreements - Schedul

Repurchase Agreements - Schedule of Repurchase Agreements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount	$ 8,952	$ 17,548
U.S. Federal Agency Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount	1,503	1,978
Agency Mortgage-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount	7,449	14,781
US Federal Treasury Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount		789
Overnight and Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount	8,952	17,548
Overnight and Continuous [Member] | U.S. Federal Agency Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount	1,503	1,978
Overnight and Continuous [Member] | Agency Mortgage-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount	7,449	14,781
Overnight and Continuous [Member] | US Federal Treasury Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount		789
Up to 30 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Up to 30 Days [Member] | U.S. Federal Agency Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Up to 30 Days [Member] | Agency Mortgage-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Up to 30 Days [Member] | US Federal Treasury Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
30 - 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
30 - 90 Days [Member] | U.S. Federal Agency Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
30 - 90 Days [Member] | Agency Mortgage-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
30 - 90 Days [Member] | US Federal Treasury Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Greater Than 90 Days [Member] | U.S. Federal Agency Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Greater Than 90 Days [Member] | Agency Mortgage-backed Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount
Greater Than 90 Days [Member] | US Federal Treasury Obligations [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets sold under agreements to repurchase, carrying amount

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Revenue from Contracts with Customers Within Non-interest Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Service charges on deposits overdraft fees		$ 873	$ 777
Service charges on deposits other		146	126
Interchange income		535	435
Loan servicing fees	[1]	357	335
Office lease income	[1]	162	161
Gains on sales of loans	[1]	1,193	1,120
Bank owned life insurance income	[1]	154	159
Gains on sales of investment securities	[1]	1,770
Losses on sales of real estate owned		(1)
Other		164	143
Total non-interest income		$ 5,353	$ 3,256
[1]	Not within the scope of ASC 606.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments and Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Impaired financing receivable, recorded investment, total	$ 10,598	$ 8,680
Impaired financing receivable, related allowance	$ 543	$ 733

Fair Value of Financial Instr_4

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale	$ 314,489	$ 362,998
Loans held for sale	9,753	8,497
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	28,782	13,694
Investment securities available-for-sale	2,057	2,316
Bank stocks, at cost
Loans, net
Loans held for sale
Derivative financial instruments
Accrued interest receivable	10	2
Non-maturity deposits	(696,317)	(687,985)
Time deposits
FHLB borrowings
Subordinated debentures
Other borrowings
Accrued interest payable
Derivative financial instruments
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents
Investment securities available-for-sale	312,432	360,682
Bank stocks, at cost
Loans, net
Loans held for sale	9,753	8,497
Derivative financial instruments	1,576	532
Accrued interest receivable	1,716	1,895
Non-maturity deposits
Time deposits	(134,491)	(146,390)
FHLB borrowings		(3,000)
Subordinated debentures	(19,232)	(19,527)
Other borrowings	(9,202)	(17,548)
Accrued interest payable	(362)	(404)
Derivative financial instruments	(1,128)	(50)
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents
Investment securities available-for-sale
Bank stocks, at cost
Loans, net	564,022	538,427
Loans held for sale
Derivative financial instruments
Accrued interest receivable	2,782	2,660
Non-maturity deposits
Time deposits
FHLB borrowings
Subordinated debentures
Other borrowings
Accrued interest payable
Derivative financial instruments
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	28,782	13,694
Investment securities available-for-sale	314,489	362,998
Bank stocks, at cost
Loans, net	564,022	538,427
Loans held for sale	9,753	8,497
Derivative financial instruments	1,576	532
Accrued interest receivable	4,508	4,557
Non-maturity deposits	(696,317)	(687,985)
Time deposits	(134,491)	(146,390)
FHLB borrowings		(3,000)
Subordinated debentures	(19,232)	(19,527)
Other borrowings	(9,202)	(17,548)
Accrued interest payable	(362)	(404)
Derivative financial instruments	(1,128)	(50)
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	28,782	13,694
Investment securities available-for-sale	314,489	362,998
Bank stocks, at cost	3,344	3,109
Loans, net	553,736	532,180
Loans held for sale	9,753	8,497
Derivative financial instruments	1,576	532
Accrued interest receivable	4,508	4,557
Non-maturity deposits	(696,317)	(687,985)
Time deposits	(134,163)	(147,063)
FHLB borrowings		(3,000)
Subordinated debentures	(21,651)	(21,651)
Other borrowings	(9,202)	(17,548)
Accrued interest payable	(362)	(404)
Derivative financial instruments	$ (1,128)	$ (50)

Fair Value of Financial Instr_5

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Fair Value, Assets Measured On Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	$ 314,489	$ 362,998
Loans held for Sale	9,753	8,497
Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	2,057	2,316
Loans held for Sale
Assets: Derivative financial instruments
Liability: Derivative financial instruments
Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	312,432	360,682
Loans held for Sale	9,753	8,497
Assets: Derivative financial instruments	1,576	532
Liability: Derivative financial instruments	(1,128)	(50)
Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Loans held for Sale
Assets: Derivative financial instruments
Liability: Derivative financial instruments
Fair Value, Measurements, Recurring [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for Sale	9,753	8,497
Assets: Derivative financial instruments	1,576	532
Liability: Derivative financial instruments	(1,128)	(50)
Fair Value, Measurements, Recurring [Member] | Municipal Obligations, Tax Exempt [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	141,683	145,862
Fair Value, Measurements, Recurring [Member] | Municipal Obligations, Taxable [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	50,057	46,779
Fair Value, Measurements, Recurring [Member] | Agency Mortgage-backed Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	116,624	162,031
Fair Value, Measurements, Recurring [Member] | Certificates of Deposit [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	1,905	1,904
Fair Value, Measurements, Recurring [Member] | U.S. Federal Agency Obligations [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	2,163	4,106
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for Sale
Assets: Derivative financial instruments
Liability: Derivative financial instruments
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Municipal Obligations, Tax Exempt [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Municipal Obligations, Taxable [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Agency Mortgage-backed Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Certificates of Deposit [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. Federal Agency Obligations [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for Sale	9,753	8,497
Assets: Derivative financial instruments	1,576	532
Liability: Derivative financial instruments	(1,128)	(50)
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Municipal Obligations, Tax Exempt [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	141,683	145,862
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Municipal Obligations, Taxable [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	50,057	46,779
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Agency Mortgage-backed Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	116,624	162,031
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Certificates of Deposit [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	1,905	1,904
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Federal Agency Obligations [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	2,163	4,106
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for Sale
Assets: Derivative financial instruments
Liability: Derivative financial instruments
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Municipal Obligations, Tax Exempt [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Municipal Obligations, Taxable [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Agency Mortgage-backed Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Certificates of Deposit [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. Federal Agency Obligations [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	2,057	2,316
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member] | Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale	2,057	2,316
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member] | Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment securities available for sale

Fair Value of Financial Instr_6

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Fair Value Contractual Balance and Gain Loss On Loans Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 9,753	$ 8,497
Contractual balance	9,707	8,316
Gain	$ 46	$ 181

Fair Value of Financial Instr_7

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Gains and Losses from Changes in Fair Value of Loans Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Interest income	$ 56	$ 51
Change in fair value	(135)	148
Total change in fair value	$ (79)	$ 199

Fair Value of Financial Instr_8

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Fair Value, Assets Measured On Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
One-to-Four Family Residential Real Estate Loans [Member]
Impaired loans	$ 240	$ 240
Total (losses)/gains on real estate owned	1	(15)
One-to-Four Family Residential Real Estate Loans [Member] | Level 1 [Member]
Impaired loans
One-to-Four Family Residential Real Estate Loans [Member] | Level 2 [Member]
Impaired loans
One-to-Four Family Residential Real Estate Loans [Member] | Level 3 [Member]
Impaired loans	240	240
Commercial Real Estate Loans [Member]
Impaired loans	144	100
Total (losses)/gains on real estate owned	51	(103)
Commercial Real Estate Loans [Member] | Level 1 [Member]
Impaired loans
Commercial Real Estate Loans [Member] | Level 2 [Member]
Impaired loans
Commercial Real Estate Loans [Member] | Level 3 [Member]
Impaired loans	144	100
Commercial Loans [Member]
Impaired loans	661	678
Total (losses)/gains on real estate owned	(31)	(177)
Commercial Loans [Member] | Level 1 [Member]
Impaired loans
Commercial Loans [Member] | Level 2 [Member]
Impaired loans
Commercial Loans [Member] | Level 3 [Member]
Impaired loans	661	678
Agriculture Loans [Member]
Impaired loans	140	405
Total (losses)/gains on real estate owned	70	(93)
Agriculture Loans [Member] | Level 1 [Member]
Impaired loans
Agriculture Loans [Member] | Level 2 [Member]
Impaired loans
Agriculture Loans [Member] | Level 3 [Member]
Impaired loans	$ 140	$ 405

Fair Value of Financial Instr_9

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Fair Value Measurements On Nonrecurring, Valuation Techniques (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
One-to-Four Family Residential Real Estate Loans [Member]
Impaired Loans Fair Value Disclosure	$ 240	$ 240
Fair Value Measurements, Valuation Techniques	Sales comparison	Sales comparison
Fair Value Measurements, Unobservable inputs	Adjustment to appraised value	Adjustment to appraised value
One-to-Four Family Residential Real Estate Loans [Member] | Minimum [Member]
Fair Value Measurements Range	0.00%	0.00%
One-to-Four Family Residential Real Estate Loans [Member] | Maximum [Member]
Fair Value Measurements Range	25.00%	25.00%
Commercial Real Estate Loans [Member]
Impaired Loans Fair Value Disclosure	$ 144	$ 100
Fair Value Measurements, Valuation Techniques	Sales comparison	Sales comparison
Fair Value Measurements, Unobservable inputs	Adjustment to appraised value	Adjustment to appraised value
Fair Value Measurements Range	15.00%	15.00%
Commercial Loans [Member]
Impaired Loans Fair Value Disclosure	$ 661	$ 678
Fair Value Measurements, Valuation Techniques	Sales comparison	Sales comparison
Fair Value Measurements, Unobservable inputs	Adjustment to comparable sales	Adjustment to comparable sales
Commercial Loans [Member] | Minimum [Member]
Fair Value Measurements Range	0.00%	0.00%
Commercial Loans [Member] | Maximum [Member]
Fair Value Measurements Range	69.00%	75.00%
Agriculture Loans [Member]
Impaired Loans Fair Value Disclosure	$ 140	$ 405
Fair Value Measurements, Valuation Techniques	Sales comparison	Sales comparison
Fair Value Measurements, Unobservable inputs	Adjustment to appraised value	Adjustment to appraised value
Agriculture Loans [Member] | Minimum [Member]
Fair Value Measurements Range	0.00%	0.00%
Agriculture Loans [Member] | Maximum [Member]
Fair Value Measurements Range	30.00%	30.00%

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Regulatory Capital Requirements [Line Items]
Assets, total	$ 989,074	$ 998,465
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%
Tier one risk based capital required for capital adequacy to risk weighted assets	0.060
Capital required for capital adequacy to risk weighted assets	0.080
Tier one leverage capital required for capital adequacy to average assets	0.040
Capital Conservation Buffer [Member]
Regulatory Capital Requirements [Line Items]
Tier one capital conversation buffer	2.50%
Small Bank Holding Companies [Member]
Regulatory Capital Requirements [Line Items]
Assets, total	$ 3,000,000

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Leverage - For capital adequacy purposes Ratio		0.040
Common Equity Tier 1 Capital - For capital adequacy purposes Ratio		4.50%
Tier 1 Capital - For capital adequacy purposes Ratio		0.060
Total Risk Based Capital - For capital adequacy purposes Ratio		0.080
Company's Regulatory Capital Requirements [Member]
Leverage - Actual Amount		$ 107,546	$ 106,938
Common Equity Tier 1 Capital - Actual Amount		86,546	85,938
Tier 1 Capital - Actual Amount		107,546	106,938
Total Risk Based Capital - Actual Amount		$ 115,165	$ 113,545
Leverage - Actual Ratio		0.1120	0.1094
Common Equity Tier 1 Capital - Actual Ratio		12.94%	13.09%
Tier 1 Capital - Actual Ratio		0.1607	0.1629
Total Risk Based Capital - Actual Ratio		0.1721	0.1730
Leverage - For capital adequacy purposes Amount		$ 38,402	$ 39,109
Common Equity Tier 1 Capital - For capital adequacy purposes Amount		46,835	45,952
Tier 1 Capital - For capital adequacy purposes Amount		56,871	55,799
Total Risk Based Capital - For capital adequacy purposes Amount		$ 70,253	$ 68,928
Leverage - For capital adequacy purposes Ratio		0.040	0.040
Common Equity Tier 1 Capital - For capital adequacy purposes Ratio	[1]	7.00%	7.00%
Tier 1 Capital - For capital adequacy purposes Ratio	[1]	0.085	0.085
Total Risk Based Capital - For capital adequacy purposes Ratio		0.105	0.105
[1]	The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.

Regulatory Capital Requiremen_5

Regulatory Capital Requirements - Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies (Details) (Parenthetical)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Company's Regulatory Capital Requirements [Member]
Tier one capital conversation buffer	2.50%	2.50%

Regulatory Capital Requiremen_6

Regulatory Capital Requirements - Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Regulatory Capital Requirements [Line Items]
Leverage - For capital adequacy purposes Ratio		0.040
Common Equity Tier 1 Capital - For capital adequacy purposes Ratio		4.50%
Tier 1 Capital - For capital adequacy purposes Ratio		0.060
Total Risk Based Capital - For capital adequacy purposes Ratio		0.080
Banks Regulatory Capital Requirements [Member]
Regulatory Capital Requirements [Line Items]
Leverage - Actual Amount		$ 105,239	$ 104,510
Common Equity Tier 1 Capital - Actual Amount		105,239	104,510
Tier 1 Capital - Actual Amount		105,239	104,510
Total Risk Based Capital - Actual Amount		$ 112,858	$ 111,117
Leverage - Actual Ratio		0.1077	0.1072
Common Equity Tier 1 Capital - Actual Ratio		15.75%	15.94%
Tier 1 Capital - Actual Ratio		0.1575	0.1594
Total Risk Based Capital - Actual Ratio		0.1689	0.1695
Leverage - For capital adequacy purposes Amount		$ 39,104	$ 38,984
Common Equity Tier 1 Capital - For capital adequacy purposes Amount		46,763	45,884
Tier 1 Capital - For capital adequacy purposes Amount		567,884	55,716
Total Risk Based Capital - For capital adequacy purposes Amount		$ 70,145	$ 68,826
Leverage - For capital adequacy purposes Ratio		0.040	0.040
Common Equity Tier 1 Capital - For capital adequacy purposes Ratio	[1]	7.00%	7.00%
Tier 1 Capital - For capital adequacy purposes Ratio	[1]	0.085	0.085
Total Risk Based Capital - For capital adequacy purposes Ratio		0.105	0.105
Leverage - To be well-capitalized under prompt corrective action provisions Amount		$ 48,880	$ 48,730
Common Equity Tier 1 Capital - To be well-capitalized under prompt corrective action provisions Amount		43,423	42,607
Tier 1 Capital - To be well-capitalized under prompt corrective action provisions Amount		53,444	52,439
Total Risk Based Capital - To be well-capitalized under prompt corrective action provisions Amount		$ 66,805	$ 65,549
Leverage - To be well-capitalized under prompt corrective action provisions Ratio		0.050	0.050
Common Equity Tier 1 Capital - To be well-capitalized under prompt corrective action provisions Ratio		6.50%	6.50%
Tier 1 Capital - To be well-capitalized under prompt corrective action provisions Ratio		0.080	0.080
Total Risk Based Capital - To be well-capitalized under prompt corrective action provisions Ratio		0.100	0.100
[1]	The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.

Regulatory Capital Requiremen_7

Regulatory Capital Requirements - Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations (Details) (Parenthetical)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Banks Regulatory Capital Requirements [Member]
Tier one capital conversation buffer	2.50%	2.50%

Covid-19 Pandemic (Details Narr

Covid-19 Pandemic (Details Narrative) $ in Thousands	Apr. 30, 2020USD ($)Number	Mar. 31, 2020USD ($)
Short-Term Repayment Plans [Member] | One-to-Four Family Residential Real Estate Loans [Member]
Loan payments on outstanding loan balances		$ 682
COVID-19 Loan Modification [Member] | Subsequent Event [Member]
Loan payments on outstanding loan balances	$ 4,350
COVID-19 Loan Modification [Member] | Subsequent Event [Member] | Small Business Administration [Member]
Number of loans, originated | Number	739
Proceeds from loan originations, value	$ 123,600
COVID-19 Loan Modification [Member] | Subsequent Event [Member] | Short-Term Repayment Plans [Member] | One-to-Four Family Residential Real Estate Loans [Member]
Mortgage loans	$ 1,600