Bank7 (BSVN) 10-K 30 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 27, 2020	Jun. 30, 2019
Cover [Abstract]
Entity Registrant Name	Bank7 Corp.
Entity Central Index Key	0001746129
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Public Float			$ 69,001,500
Entity Common Stock, Shares Outstanding		9,264,412
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Address, State or Province	OK

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 117,128	$ 128,090
Interest-bearing time deposits in other banks	30,147	31,759
Loans, net of allowance for loan losses of $7,846 and $7,832 at December 31, 2019 and 2018, respectively	699,458	592,078
Loans held for sale	1,031	512
Premises and equipment, net	9,624	7,753
Nonmarketable equity securities	1,100	1,055
Foreclosed assets held for sale	0	110
Goodwill and intangibles	1,789	1,995
Interest receivable and other assets	6,115	7,159
Total assets	866,392	770,511
Deposits
Noninterest-bearing	219,221	201,159
Interest-bearing	538,262	474,744
Total deposits	757,483	675,903
Income taxes payable	357	1,913
Interest payable and other liabilities	8,426	4,229
Total liabilities	766,266	682,045
Shareholders' equity
Preferred stock, par value $0.01 per share, 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock	101	102
Additional paid-in capital	92,391	80,275
Retained earnings	7,634	8,089
Total shareholders' equity	100,126	88,466
Total liabilities and shareholders' equity	866,392	770,511
Non-voting Common Stock [Member]
Shareholders' equity
Common stock	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Allowance for loan losses	$ 7,846	$ 7,832
Shareholders' equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	10,057,506	10,187,500
Common stock, shares outstanding (in shares)	10,057,506	10,187,500
Non-voting Common Stock [Member]
Shareholders' equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest Income
Loans, including fees	$ 48,200	$ 44,279	$ 41,450
Interest-bearing time deposits in other banks	1,709	588	592
Interest-bearing deposits in other banks	1,800	1,933	828
Total interest income	51,709	46,800	42,870
Interest Expense
Deposits	9,516	6,994	4,502
Other borrowings	0	175	237
Total interest expense	9,516	7,169	4,739
Net Interest Income	42,193	39,631	38,131
Provision for Loan Losses	0	200	1,246
Net Interest Income After Provision for Loan Losses	42,193	39,431	36,885
Noninterest Income
Secondary market income	164	212	183
Service charges on deposit accounts	392	347	336
Other	752	772	916
Total noninterest income	1,308	1,331	1,435
Noninterest Expense
Salaries and employee benefits	21,265	8,113	7,611
Furniture and equipment	829	684	831
Occupancy	1,677	1,310	1,049
Data and item processing	1,078	966	891
Accounting, marketing and legal fees	757	305	284
Regulatory assessments	126	542	450
Advertising and public relations	588	553	433
Travel, lodging and entertainment	368	699	1,041
Other	1,744	1,793	1,941
Total noninterest expense	28,432	14,965	14,531
Income Before Taxes	15,069	25,797	23,789
Income tax expense	6,844	797	0
Net Income	$ 8,225	$ 25,000	$ 23,789
Earnings per common share - basic (in dollars per share)	$ 0.81	$ 3.08	$ 3.26
Earnings per common share - diluted (in dollars per share)	$ 0.81	$ 3.03	$ 3.26
Weighted average common shares outstanding - basic (in shares)	10,145,032	8,105,856	7,287,500
Weighted average common shares outstanding - diluted (in shares)	10,147,311	8,237,638	7,287,500

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2016	7,287,500
Balance at Dec. 31, 2016	$ 73	$ 6,987	$ 48,076
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			23,789	$ 23,789
Capital contribution		0
Common stock issued, net of offering costs (in shares)	0
Common stock issued, net of offering costs	$ 0	0
Reclassification of undistributed S Corporation earnings		0	0
Shares issued for restricted stock units (in shares)	0
Shares acquired and canceled (in shares)	0
Shares acquired and canceled	$ 0		0
Stock-based compensation expense		0
Cash dividends declared ($0.60, $7.71, $1.34 per share)			(9,749)
Balance (in shares) at Dec. 31, 2017	7,287,500
Balance at Dec. 31, 2017	$ 73	6,987	62,116	69,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			25,000	25,000
Capital contribution		137
Common stock issued, net of offering costs (in shares)	2,900,000
Common stock issued, net of offering costs	$ 29	50,125
Reclassification of undistributed S Corporation earnings		22,872	(22,872)
Shares issued for restricted stock units (in shares)	0
Shares acquired and canceled (in shares)	0
Shares acquired and canceled	$ 0		0
Stock-based compensation expense		154
Cash dividends declared ($0.60, $7.71, $1.34 per share)			(56,155)
Balance (in shares) at Dec. 31, 2018	10,187,500
Balance at Dec. 31, 2018	$ 102	80,275	8,089	88,466
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			8,225	8,225
Capital contribution		0
Common stock issued, net of offering costs (in shares)	0
Common stock issued, net of offering costs	$ 0	0
Reclassification of undistributed S Corporation earnings		0	0
Shares issued for restricted stock units (in shares)	19,431
Shares acquired and canceled (in shares)	(149,425)
Shares acquired and canceled	$ (1)		(2,645)
Stock-based compensation expense		12,116
Cash dividends declared ($0.60, $7.71, $1.34 per share)			(6,035)
Balance (in shares) at Dec. 31, 2019	10,057,506
Balance at Dec. 31, 2019	$ 101	$ 92,391	$ 7,634	$ 100,126

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements of Shareholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.60	$ 7.71	$ 1.34

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Operating Activities
Net income	$ 8,225	$ 25,000	$ 23,789
Items not requiring (providing) cash
Depreciation and amortization	849	1,097	1,088
Provision for loan losses	0	200	1,246
Net increase on other real estate owned	0	(10)	0
Gain on sales of loans	(164)	(212)	(183)
Stock-based compensation expense	12,116	154	0
Loss on sale of premises and equipment	183	0	0
Cash receipts from the sale of loans originated for sale	7,697	8,185	9,060
Cash disbursements for loans originated for sale	(8,052)	(8,097)	(9,108)
(Gain) loss on sale of other real estate owned	(330)	3	92
Deferred income tax benefit	(20)	(1,069)	0
Changes in
Interest receivable and other assets	1,064	(1,405)	(415)
Interest payable and other liabilities	(2,388)	3,155	308
Net cash provided by operating activities	19,180	27,001	25,877
Investing Activities
Maturities of interest-bearing time deposits in other banks	18,583	3,884	1,743
Purchases of interest-bearing time deposits in other banks	(16,971)	(5,475)	(2,490)
Net change in loans	(107,458)	(36,981)	(61,668)
Purchases of premises and equipment	(3,100)	(378)	(3,969)
Proceeds from sale of premises and equipment	403	1,336	0
Purchase of nonmarketable equity securities	(45)	(6)	(6)
Proceeds from sale of foreclosed assets	518	47	597
Net cash used in investing activities	(108,070)	(37,573)	(65,793)
Financing Activities
Net change in deposits	81,580	50,072	76,275
Repayment of borrowed funds	0	(5,600)	(800)
Cash distributions	(1,006)	(56,155)	(9,749)
Capital injection	0	137	0
Common stock acquired and canceled	(2,646)	0	0
Net change in common stock	0	50,154	0
Net cash provided by financing activities	77,928	38,608	65,726
(Decrease) Increase in Cash and Due from Banks	(10,962)	28,036	25,810
Cash and Due from Banks, Beginning of Year	128,090	100,054	74,244
Cash and Due from Banks, End of Year	117,128	128,090	100,054
Supplemental Disclosure of Cash Flows Information
Interest paid	9,342	7,304	4,739
Income taxes paid	6,779	0	0
Dividends declared and not paid	5,029	0	0
Non-cash stock contribution	11,627	0	0
Foreclosed assets acquired in settlement of loans	$ 78	$ 50	$ 684

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Nature of Operations and Summary of Significant Accounting Policies Nature of Operations Bank7 Corp. (the “Company”), formerly known as Haines Financial Corp, is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary, Bank 7 (the “Bank”). The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers located in Oklahoma, Kansas, and Texas. The Bank is subject to competition from other financial institutions. The Company is subject to the regulation of certain federal agencies and undergoes periodic examinations by those regulatory authorities. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company, the Bank and its subsidiary, 1039 NW 63 rd Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of other real estate owned, other-than-temporary impairments, income taxes, goodwill and intangibles and fair values of financial instruments. Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. Interest-Bearing Time Deposits in Other Banks Interest-bearing time deposits in other banks totaled $30.1 million and $31.8 million at December 31, 2019 and December 31, 2018, respectively, and have original maturities generally ranging from one to five years. Securities Debt securities that management has the positive intent and ability to hold to maturity are classified as “held-to-maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held-to-maturity or trading, including equity securities with readily determinable fair values, are classified as “available-for-sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. The Company had no “available-for-sale” or held to maturity investments as of December 31, 2019 and 2018. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past-due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Mortgage Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon the sale of the loan. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay and estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value or observable market price of the impaired loan is lower than the carrying value of that loan. The general component covers nonimpaired loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral-dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is charged to operating expense and is computed using the straight-line method over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred while improvements are capitalized. Premises and equipment is tested for impairment if events or changes in circumstances occur that indicate that the carrying amount of any premises and equipment may not be recoverable. Premises that are identified to be sold are transferred to other real estate owned at the lower of their carrying amounts or their fair values less estimated costs to sell. Any losses on premises identified to be sold are charged to operating expense. When premises and equipment are transferred to other real estate owned, sold, or otherwise retired, the cost and applicable accumulated depreciation are removed from the respective accounts and any resulting gains or losses are reported in the statement of income. Non-Marketable Equity Securities Non-marketable equity securities consist primarily of Federal Home Loan Bank of Topeka (FHLB) stock and Federal Reserve Bank of Kansas City stock and are required investments for financial institutions that are members of the FHLB and Federal Reserve systems. The required investment in common stock is based on a predetermined formula, carried at cost and evaluated for impairment. Long-Lived Asset Impairment The Company evaluates the recoverability of the carrying value of long-lived assets whenever events or circumstances indicate the carrying amount may not be recoverable. If a long-lived asset is tested for recoverability and the undiscounted estimated future cash flows is expected to result from the use and eventual disposition of the asset is less than the carrying amount of the asset, the asset cost is adjusted to fair value and an impairment loss is recognized as the amount by which the carrying amount of a long-lived asset exceeds its fair value. No asset impairment was recognized during the years ended December 31, 2019, 2018, and 2017. Foreclosed Assets Held for Sale Foreclosed assets held for sale consist of assets acquired through, or in lieu of, loan foreclosure and are initially recorded at fair value, less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount of fair value less costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in current operations. Goodwill and Intangible Assets Goodwill is tested annually for impairment. If the implied fair value of goodwill is lower than its carrying amount, a goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the accompanying consolidated financial statements. Other intangible assets consist of core deposit intangible assets and are amortized on a straight-line basis based on an estimated useful life of 10 years. Such assets are periodically evaluated as to the recoverability of their carrying values. Segments While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Discrete financial information is not available other than on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. Income Taxes Prior to September 24, 2018, the Company had elected to be taxed as an S Corporation for federal and state income tax purposes. As such, stockholders were taxed on their pro rata share of earnings and deductions of the Company, regardless of the amount of distributions received. Generally, the Company was not subject to federal income tax. Effective September 24, 2018, the Company converted from an S Corporation to a C Corporation and is subject to federal and state taxes at that date. The Company uses a comprehensive model for recognizing, measuring, presenting, and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. A tax position is recognized as a benefit only if it is ‘‘more likely than not’’ that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in tax expense. During the years ended December 31, 2019, 2018 and 2017, the Company recognized no interest and penalties. Revenue Recognition In addition to lending and related activities, the Company offers various services to customers that generate revenue. Contract performance typically occurs in one year or less. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less. Service and transaction fees on depository accounts Customers often pay certain fees to the bank to access the cash on deposit including certain non-transactional fees such as account maintenance or dormancy fees, and certain transaction based fees such as ATM, wire transfer, or foreign exchange fees. Revenue is recognized when the transactions occur or as services are performed over primarily monthly or quarterly periods. Payment is typically received in the period the transactions occur, or in some cases, within 90 days of the service period. Interchange Fees Interchange fees, or “swipe” fees, are charges that merchants pay to the processors who, in turn, share that revenue with us and other card-issuing banks for processing electronic payment transactions. Interchange fees represent the portion of the debit card transaction amount that the card issuer retains to compensate it for processing transactions and providing rewards. Interchange fees are settled and recognized on a daily or monthly basis. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU supersedes and replaces nearly all existing revenue recognition guidance, including industry-specific guidance, and establishes a new control-based revenue recognition model for revenue from contracts with customers. The revenue line items in scope of this ASU have been identified and final assessment is pending; however, the majority of the Company’s financial instruments are not within the scope of Topic 606. Material revenue streams within the scope of Topic 606 include service charges on deposits. The guidance in the ASU is effective for annual reporting periods beginning after December 15, 2018. ASU 2014-09 was adopted for the annual period ending December 31, 2019 and did not have a significant impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU requires certain equity investments to be measured at fair value with changes recognized in net income. It also requires the use of the exit price notion when measuring the fair value of financial instruments for disclosure purpose and eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value disclosed for financial instruments measured at amortized cost. The guidance in the ASU is effective for annual reporting periods beginning after December 15, 2018. ASU 2016-01 was adopted for the annual period ending December 31, 2019 and did not have a significant impact on the Company’s financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The ASU requires lessees to recognize a lease liability and a right-of-use asset for all leases, excluding short-term leases, at the commencement date. The guidance in the ASU is effective for reporting periods beginning after December 15, 2019. Additionally, a modified retrospective transition approach is required for a leases existing at the earliest comparative period presented. Management is assessing the impact of this ASU; however, it is not expected to have a material impact on the Company’s financial condition, results of operation, or capital position, but will impact the presentation on the balance sheet of the Company’s current operating leases. The Company will adopt this ASU in the first quarter of 2021. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The ASU requires the replacement of the current incurred loss model with an expected loss model, referred to as the current expected credit loss (CECL) model. The guidance in the ASU is effective for reporting periods beginning after December 15, 2021 with a cumulative-effect adjustment to retained earnings required for the first reporting period. Management is still assessing the impact of this ASU. The Company will adopt this ASU in the first quarter of 2023. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The ASU amends existing guidance to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The guidance in the ASU is effective for reporting periods beginning after December 15, 2021 with prospective application. It is expected that adoption will not have a significant impact on the Company’s financial condition and results of operations. The Company expects to adopt the standard in the first quarter of 2020. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820). ASU 2018-13 removes, modifies and adds disclosure requirements on fair value measurements. ASU 2018-13 will be effective for the Company on January 1, 2020. Early adoption is permitted. In addition, early adoption of any removed or modified disclosures and delayed adoption of the additional disclosures until the effective date is also permitted. It is expected that adoption will not have a significant impact on the Company’s financial condition and results of operations. The Company expects to adopt the standard in the first quarter of 2020.

Change in Capital Structure

Change in Capital Structure	12 Months Ended
	Dec. 31, 2019
Change in Capital Structure [Abstract]
Change in Capital Structure	Note 2: Change in Capital Structure On June 26, 2018, the Company amended and restated its Certificate of Incorporation. The original Certificate of Incorporation was amended to change the name of the Company from Haines Financial Corp to Bank7 Corp. In addition, the amendment changed the capital structure to authorize the issuance of 50,000,000 shares of common stock, par value $0.01 per share (the “Common Stock”), 20,000,000 shares of non-voting common stock, par value $0.01 per share (the “Non-voting Common Stock”), and 1,000,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”). The Company completed a 24-to-1 stock split of the Company’s outstanding shares of common stock for shareholders on record as of July 6, 2018. The stock was payable in the form of a dividend on or about July 9, 2018. Shareholders received 24 additional shares for each share held. All share and per share amounts in the consolidated financial statements and related notes have been retroactively adjusted to reflect this stock split for all periods presented. Initial Public Offering On September 20, 2018, the Company completed the initial public offering of its common stock. In connection with the Company’s initial public offering, the Company sold and issued 2,900,000 shares of common stock at $19 per share. After deducting the underwriting discounts and offering expenses, the Company received total net proceeds of $50.1 million from the initial public offering. In connection with the initial public offering, the Company terminated its S Corporation status and became a taxable entity (“C Corporation”) on September 24, 2018. As such, any periods prior to September 24, 2018 will only reflect an effective state income tax rate. As a result of the termination of S Corporation status, we increased our deferred tax asset and recorded an initial tax benefit of $863,000. The deferred tax asset is the result of timing differences in the recognition of income/deductions for generally accepted accounting principles (“GAAP”) and tax purposes. Net deferred tax assets are included in other assets and no valuation allowance is considered necessary. We or one of our subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are no longer subject to U.S. federal or state tax examinations for years before 2016.

Restriction on Cash and Due fro

Restriction on Cash and Due from Banks	12 Months Ended
	Dec. 31, 2019
Restriction on Cash and Due from Banks [Abstract]
Restriction on Cash and Due from Banks	Note 3: Restriction on Cash and Due from Banks The Company is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required at December 31, 2019 was $18.0 million.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 4: Earnings Per Share Basic earnings per common share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Basic EPS is computed based upon net income divided by the weighted average number of common shares outstanding during the year. Diluted EPS represents the amount of earnings for the period available to each share of common stock outstanding including common stock that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during each reporting period. Diluted EPS is computed based upon net income dividend by the weighted average number of commons shares outstanding during each period, adjusted for the effect of dilutive potential common shares, such as restricted stock awards and nonqualified stock options, calculated using the treasury stock method. The following table shows the computation of basic and diluted earnings per share: As of and for the Years ended December 31, 2019 2018 2017 (Dollars in thousands, except per share amounts) Numerator Net income $ 8,225 $ 25,000 $ 23,789 Denominator Denominator for basic earnings per common share 10,145,032 8,105,856 7,287,500 Dilutive effect of stock compensation (1) 2,279 131,782 - Denominator for diluted earnings per share 10,147,311 8,237,638 7,287,500 Earnings per common share Basic $ 0.81 $ 3.08 $ 3.26 Diluted $ 0.81 $ 3.03 $ 3.26 (1) Nonqualified stock options outstanding of 163,000 and 150,000 as of December 31, 2019 and 2018, respectively, have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2019
Loans and Allowance for Loan Losses [Abstract]
Loans and Allowance for Loan Losses	Note 5: Loans and Allowance for Loan Losses A summary of loans at December 31, 2019 and 2018, are as follows (dollars in thousands): December 31, 2019 December 31, 2018 Construction & development $ 70,628 $ 87,267 1-4 family commercial 34,160 33,278 Commercial real estate - other 273,278 156,396 Total commercial real estate 378,066 276,941 Commercial & industrial 260,762 248,394 Agricultural 57,945 62,844 Consumer 11,895 13,723 Gross loans 708,668 601,902 Less allowance for loan losses (7,846 ) (7,832 ) Less deferred loan fees (1,364 ) (1,992 ) Net loans $ 699,458 $ 592,078 The following table presents, by portfolio segment, the activity in the allowance for loan losses for the years ended December 31, 2019, 2018, and 2017 (dollars in thousands): Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2019 Balance, beginning of period $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Charge-offs - (2 ) - (4 ) (11 ) (1 ) (18 ) Recoveries - 5 - 24 3 - 32 Net charge-offs - 3 - 20 (8 ) (1 ) 14 Provision (credit) for loan losses (354 ) (58 ) 990 (364 ) (168 ) (46 ) - Balance, end of period $ 782 $ 378 $ 3,025 $ 2,887 $ 642 $ 132 $ 7,846 Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2018 Balance, beginning of period $ 1,407 $ 431 $ 1,865 $ 2,779 $ 1,015 $ 157 $ 7,654 Charge-offs - (25 ) - (73 ) - - (98 ) Recoveries - 3 - 71 1 1 76 Net charge-offs - (22 ) - (2 ) 1 1 (22 ) Provision (credit) for loan losses (271 ) 24 170 454 (198 ) 21 200 Balance, end of period $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2017 Balance, beginning of period $ 1,565 $ 287 $ 1,193 $ 2,523 $ 1,074 $ 231 $ 6,873 Charge-offs - - (224 ) (242 ) - (46 ) (512 ) Recoveries - 23 6 6 - 12 47 Net charge-offs - 23 (218 ) (236 ) - (34 ) (465 ) Provision (credit) for loan losses (158 ) 121 890 492 (59 ) (40 ) 1,246 Balance, end of period $ 1,407 $ 431 $ 1,865 $ 2,779 $ 1,015 $ 157 $ 7,654 The following table presents, by portfolio segment, the balance in allowance for loan losses and the gross loans based upon portfolio segment and impairment method as of December 31, 2019 and 2018 (dollars in thousands): Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2019 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ 26 $ - $ - $ - $ 26 Collectively evaluated for impairment 782 378 2,999 2,887 642 132 7,820 Total $ 782 $ 378 $ 3,025 $ 2,887 $ 642 $ 132 $ 7,846 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 5,841 $ 2,750 $ 2,527 $ - $ 11,118 Collectively evaluated for impairment 70,628 34,160 267,437 258,012 55,418 11,895 697,550 Total $ 70,628 $ 34,160 $ 273,278 $ 260,762 $ 57,945 $ 11,895 $ 708,668 December 31, 2018 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ 32 $ 14 $ - $ - $ 46 Collectively evaluated for impairment 1,136 433 2,003 3,217 818 179 7,786 Total $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Gross Loans Ending balance Individually evaluated for impairment $ - $ 115 $ 484 $ 7,381 $ 1,097 $ - $ 9,077 Collectively evaluated for impairment 87,267 33,163 155,912 241,013 61,747 13,723 592,825 Total $ 87,267 $ 33,278 $ 156,396 $ 248,394 $ 62,844 $ 13,723 $ 601,902 Internal Risk Categories Certain loan segments were reclassified during 2018. Each loan segment is made up of loan categories possessing similar risk characteristics. The Company’s re-alignment of the segments primarily consisted of reclassifying consumer-related and agricultural-related real estate loans from the real estate category to the consumer and agricultural categories, respectively. Management believes this accurately represents the risk profile of each loan segment. In addition, the real estate segment was renamed to commercial real estate, and the commercial segment was renamed to commercial & industrial. The prior period amounts have been revised to conform to the current period presentation. These reclassifications did not have a significant impact on the allowance for loan losses. Risk characteristics applicable to each segment of the loan portfolio are described as follows: Real Estate Commercial & Industrial Agricultural Consumer Loan grades are numbered 1 through 4. Grade 1 is considered satisfactory. The grades of 2 and 3, or Watch and Special Mention, respectively, represent loans of lower quality and are considered criticized. Grade of 4, or Substandard, refers to loans that are classified. • Grade 1 (Pass) • Grade 2 (Watch) • Grade 3 (Special Mention) • Grade 4 (Substandard) The Company evaluates the definitions of loan grades and the allowance for loan losses methodology on an ongoing basis. No changes were made to either during the period ended December 31, 2019. The following table presents the credit risk profile of the Company’s loan portfolio based on internal rating category as of December 31, 2019 and 2018 (dollars in thousands): Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2019 Grade 1 (Pass) $ 70,628 $ 33,622 $ 267,437 $ 241,176 $ 53,290 $ 11,895 $ 678,048 2 (Watch) - 538 - 5,312 - - 5,850 3 (Special Mention) - - - 11,524 2,128 - 13,652 4 (Substandard) - - 5,841 2,750 2,527 - 11,118 Total $ 70,628 $ 34,160 $ 273,278 $ 260,762 $ 57,945 $ 11,895 $ 708,668 Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2018 Grade 1 (Pass) $ 84,485 $ 29,942 $ 154,353 $ 204,671 $ 57,782 $ 13,723 $ 544,956 2 (Watch) 2,782 3,221 1,559 36,342 758 - 44,662 3 (Special Mention) - - - - 3,207 - 3,207 4 (Substandard) - 115 484 7,381 1,097 - 9,077 Total $ 87,267 $ 33,278 $ 156,396 $ 248,394 $ 62,844 $ 13,723 $ 601,902 The following table presents the Company’s loan portfolio aging analysis of the recorded investment in loans as of December 31, 2019 and 2018 (dollars in thousands): Past Due 30–59 Days 60–89 Days Greater than 90 Days Total Current Total Loans Total Loans > 90 Days & Accruing December 31, 2019 Construction & development $ - $ - $ - $ - $ 70,628 $ 70,628 $ - 1 - 4 Family Real Estate - - - - 34,160 34,160 - Commercial Real Estate - other - - - - 273,278 273,278 - Commercial & industrial - - 14 14 260,748 260,762 14 Agricultural - - 598 598 57,347 57,945 598 Consumer 90 - - 90 11,805 11,895 - Total $ 90 $ - $ 612 $ 702 $ 707,966 $ 708,668 $ 612 December 31, 2018 Construction & development $ - $ - $ - $ - $ 87,267 $ 87,267 $ - 1 - 4 Family Real Estate 8 - - 8 33,270 33,278 - Commercial Real Estate - other - - - - 156,396 156,396 - Commercial & industrial - 5 - 5 248,389 248,394 - Agricultural - - - - 62,844 62,844 - Consumer 41 - - 41 13,682 13,723 - Total $ 49 $ 5 $ - $ 54 $ 601,848 $ 601,902 $ - The following table presents impaired loans as of December 31, 2019 and 2018 (dollars in thousands): Unpaid Principal Balance Recorded Investment with No Allowance Recorded Investment with an Allowance Total Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2019 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - 208 - Commercial Real Estate - other 5,841 4,032 1,809 5,841 26 2,557 440 Commercial & industrial 2,750 2,750 - 2,750 - 5,495 281 Agricultural 2,527 1,744 - 1,744 - 2,238 174 Consumer - - - - - 98 - Total $ 11,118 $ 8,526 $ 1,809 $ 10,335 $ 26 $ 10,596 $ 895 December 31, 2018 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate 115 115 - 115 - 82 4 Commercial Real Estate - other 1,990 1,506 484 1,990 32 440 148 Commercial & industrial 7,614 7,359 22 7,381 14 7,049 560 Agricultural 1,097 1,097 - 1,097 - 1,313 82 Consumer 5 - - - - 28 1 Total $ 10,821 $ 10,077 $ 506 $ 10,583 $ 46 $ 8,912 $ 795 Impaired loans include nonperforming loans and also include loans modified in troubled-debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Included in certain loan categories in the impaired loans are troubled debt restructurings that were classified as impaired. At December 31, 2019, the Company had $2,721,000 of commercial real estate loans that were modified in troubled-debt restructurings and impaired and $501,000 in commercial loan modifications as of December 31, 2018. There were $2.7 million in newly modified troubled-debt restructurings during the There were no troubled-debt restructurings modified in the past twelve months that subsequently defaulted for the year ended December 31, 2019. The following table represents information regarding nonperforming assets at December 31, 2019 and 2018 (dollars in thousands): As of December 31, 2019 2018 Nonaccrual loans $ 1,809 $ 2,615 Troubled-debt restructurings (1) 912 - Accruing loans 90 or more days past due 612 - Total nonperforming loans $ 3,333 $ 2,615 (1) $1.81 million and $501,000 of TDRs as of December 31, 2019 and December 31, 2018, respectively, are included in the nonaccrual loans balance in the line above.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2019
Premises and Equipment [Abstract]
Premises and Equipment	Note 6: Premises and Equipment Major classifications of premises and equipment, stated at cost and net of accumulated depreciation are as follows (dollars in thousands): December 31, 2019 December 31, 2018 Land, buildings and improvements $ 9,942 $ 8,414 Furniture and equipment 2,117 1,654 Automobiles 760 722 12,819 10,790 Less accumulated depreciation (3,195 ) (3,037 ) Net premises and equipment $ 9,624 $ 7,753

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2019
Intangible Assets [Abstract]
Intangible Assets	Note 7: Intangible Assets The gross carrying amount and accumulated amortization of recognized intangible assets at December 31, 2019 and 2018, were (dollars in thousands): December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Core deposit intangible $ 2,061 $ (1,283 ) $ 2,061 $ (1,077 ) Amortization expense for intangible assets totaled $206,000 for the years ended December 31, 2019, 2018, and 2017. Estimated amortization expense for each of the following four years is as follows (dollars in thousands): 2020 $ 206 2021 206 2022 206 2023 160 $ 778

Interest-Bearing Deposits

Interest-Bearing Deposits	12 Months Ended
	Dec. 31, 2019
Interest-Bearing Deposits [Abstract]
Interest-Bearing Deposits	Note 8: Interest-Bearing Deposits Interest-bearing time deposits in denominations of $250,000 or more were $57.0 million and $58.2 million at December 31, 2019 and 2018, respectively. At December 31, 2019, the scheduled maturities of interest-bearing time deposits were as follows (dollars in thousands): 2020 $ 156,283 2021 34,775 2022 9,535 2023 1,945 $ 202,538

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Taxes [Abstract]
Income Taxes	Note 9: Income Taxes In connection with the initial public offering, as discussed in Note 2, the Company terminated its S Corporation status and became a taxable entity (“C Corporation”) effective September 24, 2018. As such, any periods prior to September 24, 2018 will only reflect an effective state income tax rate. The (benefit)/provision for income taxes for the years ended December 31, 2019 and 2018 consists of the following (dollars in thousands): Year Ended December 31, 2019 2018 Federal: Current $ 5,516 $ 1,563 Deferred - (1,036 ) Total federal tax provision $ 5,516 $ 527 State: Current $ 1,308 $ 303 Deferred 20 (33 ) Total state tax provision $ 1,328 $ 270 Total income tax provision $ 6,844 $ 797 The provision for income taxes for the years ended December 31, 2019 and 2018 differs from the federal rate of 21% due to the following: Year Ended December 31, 2019 2018 Statutory U.S. Federal Income Tax $ 3,160 $ 5,417 Increase (decrease) resulting from: State Taxes 1,048 213 Benefit of S corporation status - (3,933 ) Permanent Differences 2,327 - Conversion as of September 24, 2018 to C corporation - (863 ) Other 309 (37 ) Provision for income taxes $ 6,844 $ 797 Deferred tax assets (liabilities) included in other assets in the accompanying consolidated balance sheet consist of the following: Year Ended December 31, 2019 2018 Deferred tax assets: Allowance for loan losses $ 1,918 $ 1,942 Non-accrual loans 60 - Deferred revenue 165 - Other - 80 Deferred compensation 78 38 Total deferred tax assets $ 2,221 $ 2,060 Deferred tax liabilities: Property and equipment $ (320 ) $ (268 ) Intangible assets (202 ) (220 ) Prepaid expenses (122 ) (177 ) Method change IRC 481(a) (476 ) (254 ) Other (12 ) (72 ) Total deferred tax liabilities $ (1,132 ) $ (991 ) Net deferred tax assets $ 1,089 $ 1,069 In assessing the Company’s ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize all benefits related to these deductible differences as of December 31, 2019. The Company does not have any net operating loss or tax credit carryforwards as of December 31, 2019. The Company is not presently under examination by the Internal Revenue Service or any state tax authority. The Company establishes reserves for uncertain tax positions that reflect management’s best estimate of deductions and credits that may not be sustained on a more-likely-than-not basis. Recognized income tax positions are measured at the largest amount that is considered greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands): For the Year Ended December 31, 2019 2018 Balance at beginning of year $ 13 $ - Additions for positions taken in prior years - 15 Reductions for positions taken in prior years - (2 ) Balance at end of year $ 13 $ 13 There were no interest or penalties related to uncertain tax positions reflected in the consolidated statements of income for the years ended December 31, 2019 and 2018.

Letters of Credit

Letters of Credit	12 Months Ended
	Dec. 31, 2019
Letters of Credit [Abstract]
Letters of Credit	Note 10: Letters of Credit The Bank has entered into an arrangement with the FHLB resulting in the FHLB issuing letters of credit on behalf of the Bank with the resulting beneficiary being certain public funds in connection with these deposits. Outstanding letters of credit to secure these public funds at December 31, 2019 and 2018 were $1.3 million and $1.5 million, respectively. Loans with a collateral value of approximately $73.0 million were used to secure the letters of credit.

Advances and Borrowings

Advances and Borrowings	12 Months Ended
	Dec. 31, 2019
Advances and Borrowings [Abstract]
Advances and Borrowings	Note 11: Advances and Borrowings The Bank has a blanket floating lien security agreement with a maximum borrowing capacity of $71.7 million at December 31, 2019, with the FHLB, under which the Bank is required to maintain collateral for any advances, including its stock in the FHLB, as well as qualifying first mortgage and other loans. The Bank had no advances from the FHLB at December 31, 2019 or 2018.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2019
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 12: Shareholders’ Equity On September 5, 2019, the Company adopted a Repurchase Plan (the “RP”). The RP authorizes the repurchase of up to 500,000 shares of the Company’s common stock. To date the Company has made no repurchases under the RP. Stock repurchases under the RP will take place pursuant to a Rule 10b5-1 Plan with pricing and purchasing parameters established by management. A summary of the activity under the RP is as follows: Year Ended December 31, 2019 2018 Number of shares repurchased - - Average price of shares repurchased $ - $ - Shares remaining to be repurchased 500,000 - The Company and Bank are subject to risk-based capital guidelines issued by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under GAAP, regulatory reporting requirements and regulatory capital standards. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s and the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the following table) of total, Tier I, and Common Equity capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined). Management believes, as of December 31, 2019, that the Company and Bank meet all capital adequacy requirements to which it is subject and maintains capital conservation buffers that allow the Company and Bank to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to certain executive officers. As of December 31, 2019, the most recent notification from the Federal Deposit Insurance Corporation (FDIC) categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain capital ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Company’s and Bank’s actual capital amounts and ratios are presented in the following table (dollars in thousands): Actual Minimum Capital Requirements With Capital Conservation Buffer Minimum Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total capital to risk-weighted assets Company $ 105,137 15.25 % $ 55,157 8.00 % $ 72,393 10.50 % N/A N/A Bank $ 106,148 15.42 % $ 55,076 8.00 % $ 72,287 10.50 % $ 68,845 10.00 % Tier I capital to risk-weighted assets Company $ 97,291 14.11 % $ 41,368 6.00 % $ 58,604 8.50 % N/A N/A Bank $ 98,302 14.28 % $ 41,307 6.00 % $ 58,518 8.50 % $ 55,076 8.00 % CET I capital to risk-weighted assets Company $ 97,291 14.11 % $ 31,026 4.50 % $ 48,262 7.00 % N/A N/A Bank $ 98,302 14.28 % $ 30,980 4.50 % $ 48,192 7.00 % $ 44,749 6.50 % Tier I capital to average assets Company $ 97,291 11.53 % $ 33,833 4.00 % N/A N/A N/A N/A Bank $ 98,302 11.65 % $ 33,793 4.00 % N/A N/A $ 42,241 5.00 % As of December 31, 2018 Total capital to risk-weighted assets Company $ 92,693 15.86 % $ 46,751 8.00 % $ 57,709 9.875 % N/A N/A Bank $ 93,704 16.03 % $ 46,751 8.00 % $ 57,709 9.875 % $ 58,439 10.00 % Tier I capital to risk-weighted assets Company $ 85,382 14.61 % $ 35,063 6.00 % $ 46,021 7.875 % N/A N/A Bank $ 86,393 14.78 % $ 35,063 6.00 % $ 46,021 7.875 % $ 46,751 8.00 % CET I capital to risk-weighted assets Company $ 85,382 14.61 % $ 26,298 4.50 % $ 37,255 6.375 % N/A N/A Bank $ 86,393 14.78 % $ 26,298 4.50 % $ 37,255 6.375 % $ 37,985 6.50 % Tier I capital to average assets Company $ 85,382 11.13 % $ 30,684 4.00 % N/A N/A N/A N/A Bank $ 86,393 11.26 % $ 30,684 4.00 % N/A N/A $ 38,355 5.00 % In July 2013, the federal regulatory authorities issued a new capital rule based, in part, on revisions developed by the Basel Committee on Banking Supervision to the Basel capital framework (Basel III). The Bank became subject to the new rule effective January 1, 2015. Generally, the new rule implements higher minimum capital requirements, revises the definition of regulatory capital components and related calculations, adds a new common equity tier 1 capital ratio, implements a new capital conservation buffer, increases the risk weighting for past due loans and provides a transition period for several aspects of the new rule. In addition, banks with less than $250 billion in assets were given a one-time opt-out election under Basel III Capital Rules to filter from regulatory capital certain accumulated other comprehensive income (AOCI) components. The Bank made the opt-out election and excludes the AOCI components from the capital ratio computations. The current (new) capital rule provides that, in order to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers, a banking organization must hold a capital conservation buffer composed of common equity tier 1 capital above its minimum risk-based capital requirements. The buffer is measured relative to risk-weighted assets. As fully phased in, a banking organization with a buffer greater than 2.5% would not be subject to additional limits on dividend payments or discretionary bonus payments; however, a banking organization with a buffer less than 2.5% would be subject to increasingly stringent limitations as the buffer approaches zero. The new rule also prohibits a banking organization from making dividend payments or discretionary bonus payments if its eligible retained income is negative in that quarter and its capital conservation buffer ratio was less than 2.5% as the beginning of that quarter. Eligible net income is defined as net income for the four calendar quarters preceding the current calendar quarter, net of any distributions and associated tax effects not already reflected in net income. A summary of payout restrictions based on the capital conservation buffer is as follows: Capital Conservation Buffer (as a % of risk-weighted assets) Maximum Payout (as a % of eligible retained income) Greater than 2.5% No payout limitations applies ≤2.5% and >1.875% 60 % ≤1.875% and >1.25% 40 % ≤1.25% and >0.625% 20 % ≤0.625% 0 % The Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. At December 31, 2019, approximately $34.6 million of retained earnings was available for dividend declaration from the Bank without prior regulatory approval.

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2019
Related-Party Transactions [Abstract]
Related-Party Transactions	Note 13: Related-Party Transactions At December 31, 2019 and 2018, the Company had loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) approximating $1.1 million and $6.9 million, respectively. A summary of these loans is as follows (dollars in thousands): Balance Beginning of the Period Additions Collections/ Terminations Balance End of the Period Year ended December 31, 2019 $ 6,897 $ 2,613 $ (8,455 ) $ 1,055 Year ended December 31, 2018 $ 6,684 $ 7,319 $ (7,106 ) $ 6,897 In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features. The Bank leases office and retail banking space in Woodward, Oklahoma from Haines Realty Investments Company, LLC, a related party of the Company. Lease expense totaled $184,000 for the years ended December 31, 2019, 2018, and 2017. In addition, payroll and office sharing arrangements were in place between the Company and certain of its affiliates.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2019
Employee Benefits [Abstract]
Employee Benefits	Note 14: Employee Benefits 401(k) Savings Plan The Company has a retirement savings 401(k) plan covering substantially all employees. Employees may contribute up to the maximum legal limit with the Bank matching up to 5% of the employee’s salary. Employer contributions charged to expense for the years ended December 31, 2019, 2018, and 2017 totaled $223,000, $198,000 and $178,000, respectively. Stock-Based Compensation The Company adopted a nonqualified incentive stock option plan (the “Bank7 Corp. 2018 Equity Incentive Plan”) in September 2018. The Bank7 Corp. 2018 Equity Incentive Plan will terminate in September 2028, if not extended. Compensation expense related to the Plan for the years ended December 31, 2019 and 2018 totaled $628,000 and $154,000 respectively. On September 5, 2019, the Company’s largest shareholders, the Haines Family Trusts, contributed approximately 6.5% of their shares (656,925 shares) to the Company. Subsequently, the Company immediately issued those shares to certain executive officers, which was charged as compensation expense of $11.8 million, including payroll taxes, through the income statement of the Company. Additionally, at the discretion of the employees receiving shares to assist in paying tax withholdings, 149,425 shares were withheld and subsequently canceled, resulting in a charge to retained earnings of $2.6 million. In connection with its IPO in September 2018, the Company granted to employees restricted stock units (RSUs) which vest ratably over five years and stock options which vest ratably over four years. All RSUs and stock options were granted at the fair value of the common stock at the time of the award. The RSUs are considered fixed awards as the number of shares and fair value are known at the date of grant and the fair value at the grant date is amortized over the vesting and/or service period. The Company uses newly issued shares for granting RSUs and stock options. The following table is a summary of the stock option activity under the Bank7 Corp. 2018 Equity Incentive Plan (dollar amounts in thousands, except per share data): Options Wgtd. Avg. Exercise Price Wgtd. Avg. Remaining Contractual Term Aggregate Intrinsic Value Year Ended December 31, 2019 Outstanding at December 31, 2018 150,000 $ 19.00 Options Granted 20,500 16.98 Options Exercised - - Options Forfeited (7,500 ) 19.00 Outstanding at December 31, 2019 163,000 $ 18.75 8.79 $ 41 Exercisable at December 31, 2019 35,625 8.73 $ - The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model and is based on certain assumptions including risk-free rate of return, dividend yield, stock price volatility and the expected term. The fair value of each option is expensed over its vesting period. The following table shows the assumptions used for computing stock-based compensation expense under the fair value method on options granted during the period presented: Year Ended December 31, 2019 Risk-free interest rate 2.48 % Dividend yield 2.20 % Stock price volatility 31.14 % Expected term 7.01 yrs The following table summarizes share information about RSUs for the year ended December 31, 2019: Number of Shares Wgtd. Avg. Grant Date Fair Value Outstanding at December 31, 2018 130,000 $ 19.09 Shares granted - - Shares settled (26,000 ) - Shares forfeited - - End of the period balance 104,000 $ 19.09 As of December 31, 2019, there was approximately $1.8 million of unrecognized compensation expense related to 104,000 unvested RSUs and $383,000 of unrecognized compensation expense related to 163,000 unvested and/or unexercised stock options. The stock option expense is expected to be recognized over a weighted average period of four years, and the RSU expense is expected to be recognized over a weighted average period of five years.

Disclosures About Fair Value of

Disclosures About Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2019
Disclosures About Fair Value of Assets and Liabilities [Abstract]
Disclosures About Fair Value of Assets and Liabilities	Note 15: Disclosures About Fair Value of Assets and Liabilities Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity and significant to the fair value of the assets or liabilities Recurring Measurements There were no assets measured at fair value on a recurring basis as of December 31, 2019 and 2018. Nonrecurring Measurements The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2019 and 2018 (dollars in thousands): Fair Value (Level 1) (Level 2) (Level 3) Decmeber 31, 2019 Impaired loans (collateral- dependent) $ 1,783 $ - $ - $ 1,783 December 31, 2018 Impaired loans (collateral- dependent) $ 506 $ - $ - $ 506 Foreclosed assets held for sale $ 110 $ - $ - $ 110 Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Collateral-Dependent Impaired Loans, Net of Allowance for Loan Losses The estimated fair value of collateral-dependent impaired loans is based on fair value, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. The Company considers evaluation analysis as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Values of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by executive management and loan administration. Values are reviewed for accuracy and consistency by executive management and loan administration. The ultimate collateral values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. Foreclosed Assets Held for Sale Foreclosed assets held for sale are carried at the lower of fair value at acquisition date or current estimated fair value, less estimated cost to sell when the asset is acquired. Estimated fair value of foreclosed assets is based on appraisals or evaluations. Foreclosed assets held for sale are classified within Level 3 of the fair value hierarchy. Appraisals of foreclosed assets held for sale are obtained when the asset is acquired and subsequently as deemed necessary by the Company. Appraisals are reviewed for accuracy and consistency by executive management and loan administration. Unobservable (Level 3) Inputs The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. Fair Value Valuation Technique Unobservable Inputs Weighted- Average December 31, 2019 Collateral-dependent impaired loans $ 1,783 Appraisals from comparable properties Estimated cost to sell 3-5 % December 31, 2018 Collateral-dependent impaired loans $ 506 Appraisals from comparable properties Estimated cost to sell 7-10 % Foreclosed assets held for sale $ 110 Appraisals from comparable properties Estimated cost to sell 7-10 % The following tables presents estimated fair values of the Company’s financial instruments not recorded at fair value at December 31, 2019 and 2018 (dollars in thousands): Fair Value Measurements Carrying Amount Level 1 Level 2 Level 3 Total December 31, 2019 Financial Assets Cash and due from banks $ 117,128 $ 117,128 $ - $ - $ 117,128 Interest-bearing time deposits in other banks $ 30,147 $ - $ 30,147 $ - $ 30,147 Loans, net of allowance $ 699,458 $ - $ 698,672 $ 1,809 $ 700,481 Mortgage loans held for sale $ 1,031 $ - $ 1,031 $ - $ 1,031 Nonmarketable equity securities $ 1,100 $ - $ 1,100 $ - $ 1,100 Interest receivable $ 3,954 $ - $ 3,954 $ - $ 3,954 Financial Liabilities Deposits $ 757,483 $ - $ 757,520 $ - $ 757,520 Interest payable $ 636 $ - $ 636 $ - $ 636 December 31, 2018 Financial Assets Cash and due from banks $ 128,090 $ 128,090 $ - $ - $ 128,090 Interest-bearing time deposits in other banks $ 31,759 $ - $ 31,758 $ - $ 31,758 Loans, net of allowance $ 592,078 $ - $ 591,893 $ 506 $ 592,399 Mortgage loans held for sale $ 512 $ - $ 512 $ - $ 512 Nonmarketable equity securities $ 1,055 $ - $ 1,055 $ - $ 1,055 Interest receivable $ 4,538 $ - $ 4,538 $ - $ 4,538 Financial Liabilities Deposits $ 675,903 $ - $ 675,017 $ - $ 675,017 Interest payable $ 461 $ - $ 461 $ - $ 461 The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying consolidated balance sheets at amounts other than fair value: Cash and Due from Banks, Interest-Bearing Time Deposits in Other Banks, Nonmarketable Equity Securities, Interest Receivable and Interest Payable The carrying amount approximates fair value. Loans and Mortgage Loans Held for Sale The fair value of loans is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. Commitments to Extend Credit, Lines of Credit and Standby Letters of Credit The fair values of unfunded commitments are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. The fair values of standby letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The estimated fair values of the Company’s commitments to extend credit, lines of credit and standby letters of credit were not material at December 31, 2019 or 2018.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2019
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Financial Instruments with Off-Balance Sheet Risk	Note 16: Financial Instruments with Off-Balance Sheet Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the accompanying consolidated balance sheets. The following summarizes those financial instruments with contract amounts representing credit risk as of December 31, 2019 and 2018 (dollars in thousands): December 31, 2019 December 31, 2018 Commitments to extend credit $ 191,459 $ 135,015 Financial and performance standby letters of credit 3,338 1,078 $ 194,797 $ 136,093 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Each instrument generally has fixed expiration dates or other termination clauses. Since many of the instruments are expected to expire without being drawn upon, total commitments to extend credit amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, by the Company upon extension of credit is based on management’s credit evaluation of the customer. Standby letters of credit are irrevocable conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers.

Significant Estimates and Conce

Significant Estimates and Concentrations	12 Months Ended
	Dec. 31, 2019
Significant Estimates and Concentrations [Abstract]
Significant Estimates and Concentrations	Note 17: Significant Estimates and Concentrations GAAP requires disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are reflected in Note 5 Note 10 As of December 31, 2019, hospitality loans were 24% of gross total loans with outstanding balances of $167.0 million and unfunded commitments of $39.4 million; energy loans were 14% of gross total loans with outstanding balances of $102.1 million and unfunded commitments of $28.9 million. The Company evaluates goodwill for potential goodwill impairment on an annual basis or more often based on consideration if any triggering events have occurred. A prolonged strain on the U.S. Economy impacting the Company could result in goodwill being partially or fully impaired. At December 31, 2019, goodwill of $1 million was recorded on the consolidated balance sheet.

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2019
Operating Leases [Abstract]
Operating Leases	Note 18: Operating Leases GAAP require The Company leases certain of its branch facilities and office equipment under operating leases. Rental expense for these leases was $770,000 and $596,000, and $421,000 for the years ended December 31, 2019, 2018, and 2017 respectively. Future minimum rental commitments of branch facilities and office equipment due under non-cancelable operating leases at December 31, 2019, were as follows (dollars in thousands): 2020 $ 623 2021 451 2022 220 2023 174 Thereafter 49 $ 1,517

Parent-only Financial Statement

Parent-only Financial Statements	12 Months Ended
	Dec. 31, 2019
Parent-only Financial Statements [Abstract]
Parent-only Financial Statements	Note 19: Parent-only Financial Statements Condensed Balance Sheets Assets December 31, 2019 December 31, 2018 Cash and due from banks $ 296 $ 295 Investment in bank subsidiary 99,076 87,377 Dividends receivable 5,029 - Goodwill 1,011 1,011 Other assets - 39 Total assets $ 105,412 $ 88,722 Liabilities and Shareholders’ Equity Other liabilities 5,286 256 Total liabilities 5,286 256 Total shareholders’ equity 100,126 88,466 Total liabilities and shareholders’ equity $ 105,412 $ 88,722 Condensed Statements of Income For the Years Ended December 31, 2019 2018 2017 Income Dividends received from subsidiary bank $ 6,035 $ 11,930 $ 10,765 Other 155 - - Total Income 6,190 11,930 10,765 Expense Interest expense - 175 238 Other 4 315 - Total expense 4 490 238 Income and equity in undistributed net income of bank subsidiary 6,185 11,440 10,527 Equity in undistributed net income of bank subsidiary 2,040 13,521 13,262 Income before Taxes 8,225 24,961 23,789 Income tax expense - (39 ) - Net Income Available to Common Shareholders $ 8,225 $ 25,000 $ 23,789 Condensed Statements of Cash Flows For the Years Ended December 31, 2019 2018 2017 Operating Activities Net income $ 8,225 $ 25,000 $ 23,789 Items not requiring (providing) cash Equity in undistributed net income (2,040 ) (13,521 ) (13,262 ) Dividends receivable from subsidiary bank (5,029 ) - - Stock-based compensation expense - 154 - Changes in Accounts payable and accrued expenses (149 ) - - Other current assets and liabilities - 199 (2 ) Net cash provided by operating activities 1,007 11,832 10,525 Financing Activities Repayment of borrowed funds - (5,600 ) (800 ) Common stock issued, net of offering costs - 50,154 - Dividends paid (1,006 ) (56,155 ) (9,749 ) Net cash used in financing activities (1,006 ) (11,601 ) 10,549 Increase in Cash and Due from Banks 1 231 (24 ) Cash and Due from Banks, Beginning of Period 295 64 88 Cash and Due from Banks, End of Period $ 296 $ 295 $ 64 Supplemental Disclosure of Cash Flows Information Interest paid $ - $ 175 $ 239 Dividends declared and not paid $ 5,029 $ - $ -

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2019
Selected Quarterly Financial Data (Unaudited) [Abstract]
Selected Quarterly Financial Data (Unaudited)	Note 20: Selected Quarterly Financial Data (Unaudited) The following tables summarize the unaudited condensed results of operations for each of the quarters during the fiscal years ended December 31, 2019 and 2018: For the three months ended March 31, June 30, September 30, December 31, Net interest income $ 10,353 $ 10,583 $ 10,600 $ 10,657 Provision for loan losses - - - - Noninterest income 223 295 509 281 Noninterest expense 3,755 4,048 16,072 4,557 Income before income taxes 6,821 6,830 (4,963 ) 6,381 Income tax expense (benefit) 1,705 1,704 1,556 1,879 Net income (loss) $ 5,116 $ 5,126 $ (6,519 ) $ 4,502 EPS Basic $ 0.50 $ 0.50 $ (0.64 ) $ 0.45 Diluted $ 0.50 $ 0.50 $ (0.64 ) $ 0.45 For the three months ended March 31, 2018 June 30, 2018 September 30, 2018 December 31, 2018 Net interest income $ 9,861 $ 9,439 $ 9,801 $ 10,530 Provision for loan losses 100 - - 100 Noninterest income 264 486 319 262 Noninterest expense 3,675 3,546 3,805 3,939 Income before income taxes 6,350 6,379 6,315 6,753 Income tax expense - - (395 ) 1,192 Net income $ 6,350 $ 6,379 $ 6,710 $ 5,561 EPS (1) Basic $ 0.87 $ 0.88 $ 0.88 $ 0.55 Diluted $ 0.87 $ 0.88 $ 0.87 $ 0.54 (1) The quarterly EPS amounts, when added, may not coincide with the full fiscal year EPS reported on the Consolidated Statements of Income due to differences in the computed weighted average shares outstanding as well as rounding differences.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company, the Bank and its subsidiary, 1039 NW 63 rd
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of other real estate owned, other-than-temporary impairments, income taxes, goodwill and intangibles and fair values of financial instruments.
Cash Equivalents	Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
Interest-Bearing Time Deposits in Other Banks	Interest-Bearing Time Deposits in Other Banks Interest-bearing time deposits in other banks totaled $30.1 million and $31.8 million at December 31, 2019 and December 31, 2018, respectively, and have original maturities generally ranging from one to five years.
Securities	Securities Debt securities that management has the positive intent and ability to hold to maturity are classified as “held-to-maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held-to-maturity or trading, including equity securities with readily determinable fair values, are classified as “available-for-sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. The Company had no “available-for-sale” or held to maturity investments as of December 31, 2019 and 2018.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past-due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon the sale of the loan.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay and estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value or observable market price of the impaired loan is lower than the carrying value of that loan. The general component covers nonimpaired loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral-dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is charged to operating expense and is computed using the straight-line method over the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred while improvements are capitalized. Premises and equipment is tested for impairment if events or changes in circumstances occur that indicate that the carrying amount of any premises and equipment may not be recoverable. Premises that are identified to be sold are transferred to other real estate owned at the lower of their carrying amounts or their fair values less estimated costs to sell. Any losses on premises identified to be sold are charged to operating expense. When premises and equipment are transferred to other real estate owned, sold, or otherwise retired, the cost and applicable accumulated depreciation are removed from the respective accounts and any resulting gains or losses are reported in the statement of income.
Non-Marketable Equity Securities	Non-Marketable Equity Securities Non-marketable equity securities consist primarily of Federal Home Loan Bank of Topeka (FHLB) stock and Federal Reserve Bank of Kansas City stock and are required investments for financial institutions that are members of the FHLB and Federal Reserve systems. The required investment in common stock is based on a predetermined formula, carried at cost and evaluated for impairment.
Long-Lived Asset Impairment	Long-Lived Asset Impairment The Company evaluates the recoverability of the carrying value of long-lived assets whenever events or circumstances indicate the carrying amount may not be recoverable. If a long-lived asset is tested for recoverability and the undiscounted estimated future cash flows is expected to result from the use and eventual disposition of the asset is less than the carrying amount of the asset, the asset cost is adjusted to fair value and an impairment loss is recognized as the amount by which the carrying amount of a long-lived asset exceeds its fair value. No asset impairment was recognized during the years ended December 31, 2019, 2018, and 2017.
Foreclosed Assets Held for Sale	Foreclosed Assets Held for Sale Foreclosed assets held for sale consist of assets acquired through, or in lieu of, loan foreclosure and are initially recorded at fair value, less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount of fair value less costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in current operations.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is tested annually for impairment. If the implied fair value of goodwill is lower than its carrying amount, a goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the accompanying consolidated financial statements. Other intangible assets consist of core deposit intangible assets and are amortized on a straight-line basis based on an estimated useful life of 10 years. Such assets are periodically evaluated as to the recoverability of their carrying values.
Segments	Segments While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Discrete financial information is not available other than on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.
Income Taxes	Income Taxes Prior to September 24, 2018, the Company had elected to be taxed as an S Corporation for federal and state income tax purposes. As such, stockholders were taxed on their pro rata share of earnings and deductions of the Company, regardless of the amount of distributions received. Generally, the Company was not subject to federal income tax. Effective September 24, 2018, the Company converted from an S Corporation to a C Corporation and is subject to federal and state taxes at that date. The Company uses a comprehensive model for recognizing, measuring, presenting, and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. A tax position is recognized as a benefit only if it is ‘‘more likely than not’’ that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in tax expense. During the years ended December 31, 2019, 2018 and 2017, the Company recognized no interest and penalties.
Revenue Recognition	Revenue Recognition In addition to lending and related activities, the Company offers various services to customers that generate revenue. Contract performance typically occurs in one year or less. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less. Service and transaction fees on depository accounts Customers often pay certain fees to the bank to access the cash on deposit including certain non-transactional fees such as account maintenance or dormancy fees, and certain transaction based fees such as ATM, wire transfer, or foreign exchange fees. Revenue is recognized when the transactions occur or as services are performed over primarily monthly or quarterly periods. Payment is typically received in the period the transactions occur, or in some cases, within 90 days of the service period. Interchange Fees Interchange fees, or “swipe” fees, are charges that merchants pay to the processors who, in turn, share that revenue with us and other card-issuing banks for processing electronic payment transactions. Interchange fees represent the portion of the debit card transaction amount that the card issuer retains to compensate it for processing transactions and providing rewards. Interchange fees are settled and recognized on a daily or monthly basis.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU supersedes and replaces nearly all existing revenue recognition guidance, including industry-specific guidance, and establishes a new control-based revenue recognition model for revenue from contracts with customers. The revenue line items in scope of this ASU have been identified and final assessment is pending; however, the majority of the Company’s financial instruments are not within the scope of Topic 606. Material revenue streams within the scope of Topic 606 include service charges on deposits. The guidance in the ASU is effective for annual reporting periods beginning after December 15, 2018. ASU 2014-09 was adopted for the annual period ending December 31, 2019 and did not have a significant impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU requires certain equity investments to be measured at fair value with changes recognized in net income. It also requires the use of the exit price notion when measuring the fair value of financial instruments for disclosure purpose and eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value disclosed for financial instruments measured at amortized cost. The guidance in the ASU is effective for annual reporting periods beginning after December 15, 2018. ASU 2016-01 was adopted for the annual period ending December 31, 2019 and did not have a significant impact on the Company’s financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The ASU requires lessees to recognize a lease liability and a right-of-use asset for all leases, excluding short-term leases, at the commencement date. The guidance in the ASU is effective for reporting periods beginning after December 15, 2019. Additionally, a modified retrospective transition approach is required for a leases existing at the earliest comparative period presented. Management is assessing the impact of this ASU; however, it is not expected to have a material impact on the Company’s financial condition, results of operation, or capital position, but will impact the presentation on the balance sheet of the Company’s current operating leases. The Company will adopt this ASU in the first quarter of 2021. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The ASU requires the replacement of the current incurred loss model with an expected loss model, referred to as the current expected credit loss (CECL) model. The guidance in the ASU is effective for reporting periods beginning after December 15, 2021 with a cumulative-effect adjustment to retained earnings required for the first reporting period. Management is still assessing the impact of this ASU. The Company will adopt this ASU in the first quarter of 2023. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The ASU amends existing guidance to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The guidance in the ASU is effective for reporting periods beginning after December 15, 2021 with prospective application. It is expected that adoption will not have a significant impact on the Company’s financial condition and results of operations. The Company expects to adopt the standard in the first quarter of 2020. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820). ASU 2018-13 removes, modifies and adds disclosure requirements on fair value measurements. ASU 2018-13 will be effective for the Company on January 1, 2020. Early adoption is permitted. In addition, early adoption of any removed or modified disclosures and delayed adoption of the additional disclosures until the effective date is also permitted. It is expected that adoption will not have a significant impact on the Company’s financial condition and results of operations. The Company expects to adopt the standard in the first quarter of 2020.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table shows the computation of basic and diluted earnings per share: As of and for the Years ended December 31, 2019 2018 2017 (Dollars in thousands, except per share amounts) Numerator Net income $ 8,225 $ 25,000 $ 23,789 Denominator Denominator for basic earnings per common share 10,145,032 8,105,856 7,287,500 Dilutive effect of stock compensation (1) 2,279 131,782 - Denominator for diluted earnings per share 10,147,311 8,237,638 7,287,500 Earnings per common share Basic $ 0.81 $ 3.08 $ 3.26 Diluted $ 0.81 $ 3.03 $ 3.26 (1) Nonqualified stock options outstanding of 163,000 and 150,000 as of December 31, 2019 and 2018, respectively, have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented.

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2019
Loans and Allowance for Loan Losses [Abstract]
Summary of Loans	A summary of loans at December 31, 2019 and 2018, are as follows (dollars in thousands): December 31, 2019 December 31, 2018 Construction & development $ 70,628 $ 87,267 1-4 family commercial 34,160 33,278 Commercial real estate - other 273,278 156,396 Total commercial real estate 378,066 276,941 Commercial & industrial 260,762 248,394 Agricultural 57,945 62,844 Consumer 11,895 13,723 Gross loans 708,668 601,902 Less allowance for loan losses (7,846 ) (7,832 ) Less deferred loan fees (1,364 ) (1,992 ) Net loans $ 699,458 $ 592,078
Activity in Allowance for Loan Losses by Portfolio Segment	The following table presents, by portfolio segment, the activity in the allowance for loan losses for the years ended December 31, 2019, 2018, and 2017 (dollars in thousands): Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2019 Balance, beginning of period $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Charge-offs - (2 ) - (4 ) (11 ) (1 ) (18 ) Recoveries - 5 - 24 3 - 32 Net charge-offs - 3 - 20 (8 ) (1 ) 14 Provision (credit) for loan losses (354 ) (58 ) 990 (364 ) (168 ) (46 ) - Balance, end of period $ 782 $ 378 $ 3,025 $ 2,887 $ 642 $ 132 $ 7,846 Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2018 Balance, beginning of period $ 1,407 $ 431 $ 1,865 $ 2,779 $ 1,015 $ 157 $ 7,654 Charge-offs - (25 ) - (73 ) - - (98 ) Recoveries - 3 - 71 1 1 76 Net charge-offs - (22 ) - (2 ) 1 1 (22 ) Provision (credit) for loan losses (271 ) 24 170 454 (198 ) 21 200 Balance, end of period $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2017 Balance, beginning of period $ 1,565 $ 287 $ 1,193 $ 2,523 $ 1,074 $ 231 $ 6,873 Charge-offs - - (224 ) (242 ) - (46 ) (512 ) Recoveries - 23 6 6 - 12 47 Net charge-offs - 23 (218 ) (236 ) - (34 ) (465 ) Provision (credit) for loan losses (158 ) 121 890 492 (59 ) (40 ) 1,246 Balance, end of period $ 1,407 $ 431 $ 1,865 $ 2,779 $ 1,015 $ 157 $ 7,654 The following table presents, by portfolio segment, the balance in allowance for loan losses and the gross loans based upon portfolio segment and impairment method as of December 31, 2019 and 2018 (dollars in thousands): Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2019 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ 26 $ - $ - $ - $ 26 Collectively evaluated for impairment 782 378 2,999 2,887 642 132 7,820 Total $ 782 $ 378 $ 3,025 $ 2,887 $ 642 $ 132 $ 7,846 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 5,841 $ 2,750 $ 2,527 $ - $ 11,118 Collectively evaluated for impairment 70,628 34,160 267,437 258,012 55,418 11,895 697,550 Total $ 70,628 $ 34,160 $ 273,278 $ 260,762 $ 57,945 $ 11,895 $ 708,668 December 31, 2018 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ 32 $ 14 $ - $ - $ 46 Collectively evaluated for impairment 1,136 433 2,003 3,217 818 179 7,786 Total $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Gross Loans Ending balance Individually evaluated for impairment $ - $ 115 $ 484 $ 7,381 $ 1,097 $ - $ 9,077 Collectively evaluated for impairment 87,267 33,163 155,912 241,013 61,747 13,723 592,825 Total $ 87,267 $ 33,278 $ 156,396 $ 248,394 $ 62,844 $ 13,723 $ 601,902
Loan Portfolio Based on Internal Rating Category	The following table presents the credit risk profile of the Company’s loan portfolio based on internal rating category as of December 31, 2019 and 2018 (dollars in thousands): Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2019 Grade 1 (Pass) $ 70,628 $ 33,622 $ 267,437 $ 241,176 $ 53,290 $ 11,895 $ 678,048 2 (Watch) - 538 - 5,312 - - 5,850 3 (Special Mention) - - - 11,524 2,128 - 13,652 4 (Substandard) - - 5,841 2,750 2,527 - 11,118 Total $ 70,628 $ 34,160 $ 273,278 $ 260,762 $ 57,945 $ 11,895 $ 708,668 Construction & Development 1 - 4 Family Commercial Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2018 Grade 1 (Pass) $ 84,485 $ 29,942 $ 154,353 $ 204,671 $ 57,782 $ 13,723 $ 544,956 2 (Watch) 2,782 3,221 1,559 36,342 758 - 44,662 3 (Special Mention) - - - - 3,207 - 3,207 4 (Substandard) - 115 484 7,381 1,097 - 9,077 Total $ 87,267 $ 33,278 $ 156,396 $ 248,394 $ 62,844 $ 13,723 $ 601,902
Loan Portfolio Aging Analysis of Recorded Investment in Loans	The following table presents the Company’s loan portfolio aging analysis of the recorded investment in loans as of December 31, 2019 and 2018 (dollars in thousands): Past Due 30–59 Days 60–89 Days Greater than 90 Days Total Current Total Loans Total Loans > 90 Days & Accruing December 31, 2019 Construction & development $ - $ - $ - $ - $ 70,628 $ 70,628 $ - 1 - 4 Family Real Estate - - - - 34,160 34,160 - Commercial Real Estate - other - - - - 273,278 273,278 - Commercial & industrial - - 14 14 260,748 260,762 14 Agricultural - - 598 598 57,347 57,945 598 Consumer 90 - - 90 11,805 11,895 - Total $ 90 $ - $ 612 $ 702 $ 707,966 $ 708,668 $ 612 December 31, 2018 Construction & development $ - $ - $ - $ - $ 87,267 $ 87,267 $ - 1 - 4 Family Real Estate 8 - - 8 33,270 33,278 - Commercial Real Estate - other - - - - 156,396 156,396 - Commercial & industrial - 5 - 5 248,389 248,394 - Agricultural - - - - 62,844 62,844 - Consumer 41 - - 41 13,682 13,723 - Total $ 49 $ 5 $ - $ 54 $ 601,848 $ 601,902 $ -
Impaired Loans	The following table presents impaired loans as of December 31, 2019 and 2018 (dollars in thousands): Unpaid Principal Balance Recorded Investment with No Allowance Recorded Investment with an Allowance Total Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2019 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - 208 - Commercial Real Estate - other 5,841 4,032 1,809 5,841 26 2,557 440 Commercial & industrial 2,750 2,750 - 2,750 - 5,495 281 Agricultural 2,527 1,744 - 1,744 - 2,238 174 Consumer - - - - - 98 - Total $ 11,118 $ 8,526 $ 1,809 $ 10,335 $ 26 $ 10,596 $ 895 December 31, 2018 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate 115 115 - 115 - 82 4 Commercial Real Estate - other 1,990 1,506 484 1,990 32 440 148 Commercial & industrial 7,614 7,359 22 7,381 14 7,049 560 Agricultural 1,097 1,097 - 1,097 - 1,313 82 Consumer 5 - - - - 28 1 Total $ 10,821 $ 10,077 $ 506 $ 10,583 $ 46 $ 8,912 $ 795
Information Regarding Nonperforming Assets	The following table represents information regarding nonperforming assets at December 31, 2019 and 2018 (dollars in thousands): As of December 31, 2019 2018 Nonaccrual loans $ 1,809 $ 2,615 Troubled-debt restructurings (1) 912 - Accruing loans 90 or more days past due 612 - Total nonperforming loans $ 3,333 $ 2,615 (1) $1.81 million and $501,000 of TDRs as of December 31, 2019 and December 31, 2018, respectively, are included in the nonaccrual loans balance in the line above.

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Premises and Equipment [Abstract]
Premises and Equipment	Major classifications of premises and equipment, stated at cost and net of accumulated depreciation are as follows (dollars in thousands): December 31, 2019 December 31, 2018 Land, buildings and improvements $ 9,942 $ 8,414 Furniture and equipment 2,117 1,654 Automobiles 760 722 12,819 10,790 Less accumulated depreciation (3,195 ) (3,037 ) Net premises and equipment $ 9,624 $ 7,753

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Intangible Assets [Abstract]
Gross Carrying Amount and Accumulated Amortization of Recognized Intangible Assets	The gross carrying amount and accumulated amortization of recognized intangible assets at December 31, 2019 and 2018, were (dollars in thousands): December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Core deposit intangible $ 2,061 $ (1,283 ) $ 2,061 $ (1,077 )
Amortization Expense for Intangible Assets	Estimated amortization expense for each of the following four years is as follows (dollars in thousands): 2020 $ 206 2021 206 2022 206 2023 160 $ 778

Interest-Bearing Deposits (Tabl

Interest-Bearing Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Interest-Bearing Deposits [Abstract]
Scheduled Maturities of Interest-Bearing Time Deposits	At December 31, 2019, the scheduled maturities of interest-bearing time deposits were as follows (dollars in thousands): 2020 $ 156,283 2021 34,775 2022 9,535 2023 1,945 $ 202,538

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Taxes [Abstract]
(Benefit)/ Provision for Income Taxes	The (benefit)/provision for income taxes for the years ended December 31, 2019 and 2018 consists of the following (dollars in thousands): Year Ended December 31, 2019 2018 Federal: Current $ 5,516 $ 1,563 Deferred - (1,036 ) Total federal tax provision $ 5,516 $ 527 State: Current $ 1,308 $ 303 Deferred 20 (33 ) Total state tax provision $ 1,328 $ 270 Total income tax provision $ 6,844 $ 797
Provision for Income Taxes	The provision for income taxes for the years ended December 31, 2019 and 2018 differs from the federal rate of 21% due to the following: Year Ended December 31, 2019 2018 Statutory U.S. Federal Income Tax $ 3,160 $ 5,417 Increase (decrease) resulting from: State Taxes 1,048 213 Benefit of S corporation status - (3,933 ) Permanent Differences 2,327 - Conversion as of September 24, 2018 to C corporation - (863 ) Other 309 (37 ) Provision for income taxes $ 6,844 $ 797
Deferred Tax Assets (Liabilities)	Deferred tax assets (liabilities) included in other assets in the accompanying consolidated balance sheet consist of the following: Year Ended December 31, 2019 2018 Deferred tax assets: Allowance for loan losses $ 1,918 $ 1,942 Non-accrual loans 60 - Deferred revenue 165 - Other - 80 Deferred compensation 78 38 Total deferred tax assets $ 2,221 $ 2,060 Deferred tax liabilities: Property and equipment $ (320 ) $ (268 ) Intangible assets (202 ) (220 ) Prepaid expenses (122 ) (177 ) Method change IRC 481(a) (476 ) (254 ) Other (12 ) (72 ) Total deferred tax liabilities $ (1,132 ) $ (991 ) Net deferred tax assets $ 1,089 $ 1,069
Uncertain Tax Positions	A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands): For the Year Ended December 31, 2019 2018 Balance at beginning of year $ 13 $ - Additions for positions taken in prior years - 15 Reductions for positions taken in prior years - (2 ) Balance at end of year $ 13 $ 13

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Shareholders' Equity [Abstract]
Stock Repurchase	A summary of the activity under the RP is as follows: Year Ended December 31, 2019 2018 Number of shares repurchased - - Average price of shares repurchased $ - $ - Shares remaining to be repurchased 500,000 -
Actual Capital Amounts and Ratios	The Company’s and Bank’s actual capital amounts and ratios are presented in the following table (dollars in thousands): Actual Minimum Capital Requirements With Capital Conservation Buffer Minimum Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total capital to risk-weighted assets Company $ 105,137 15.25 % $ 55,157 8.00 % $ 72,393 10.50 % N/A N/A Bank $ 106,148 15.42 % $ 55,076 8.00 % $ 72,287 10.50 % $ 68,845 10.00 % Tier I capital to risk-weighted assets Company $ 97,291 14.11 % $ 41,368 6.00 % $ 58,604 8.50 % N/A N/A Bank $ 98,302 14.28 % $ 41,307 6.00 % $ 58,518 8.50 % $ 55,076 8.00 % CET I capital to risk-weighted assets Company $ 97,291 14.11 % $ 31,026 4.50 % $ 48,262 7.00 % N/A N/A Bank $ 98,302 14.28 % $ 30,980 4.50 % $ 48,192 7.00 % $ 44,749 6.50 % Tier I capital to average assets Company $ 97,291 11.53 % $ 33,833 4.00 % N/A N/A N/A N/A Bank $ 98,302 11.65 % $ 33,793 4.00 % N/A N/A $ 42,241 5.00 % As of December 31, 2018 Total capital to risk-weighted assets Company $ 92,693 15.86 % $ 46,751 8.00 % $ 57,709 9.875 % N/A N/A Bank $ 93,704 16.03 % $ 46,751 8.00 % $ 57,709 9.875 % $ 58,439 10.00 % Tier I capital to risk-weighted assets Company $ 85,382 14.61 % $ 35,063 6.00 % $ 46,021 7.875 % N/A N/A Bank $ 86,393 14.78 % $ 35,063 6.00 % $ 46,021 7.875 % $ 46,751 8.00 % CET I capital to risk-weighted assets Company $ 85,382 14.61 % $ 26,298 4.50 % $ 37,255 6.375 % N/A N/A Bank $ 86,393 14.78 % $ 26,298 4.50 % $ 37,255 6.375 % $ 37,985 6.50 % Tier I capital to average assets Company $ 85,382 11.13 % $ 30,684 4.00 % N/A N/A N/A N/A Bank $ 86,393 11.26 % $ 30,684 4.00 % N/A N/A $ 38,355 5.00 % Capital Conservation Buffer (as a % of risk-weighted assets) Maximum Payout (as a % of eligible retained income) Greater than 2.5% No payout limitations applies ≤2.5% and >1.875% 60 % ≤1.875% and >1.25% 40 % ≤1.25% and >0.625% 20 % ≤0.625% 0 %

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related-Party Transactions [Abstract]
Summary of Loans	A summary of these loans is as follows (dollars in thousands): Balance Beginning of the Period Additions Collections/ Terminations Balance End of the Period Year ended December 31, 2019 $ 6,897 $ 2,613 $ (8,455 ) $ 1,055 Year ended December 31, 2018 $ 6,684 $ 7,319 $ (7,106 ) $ 6,897

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2019
Employee Benefits [Abstract]
Stock Options Activity	The following table is a summary of the stock option activity under the Bank7 Corp. 2018 Equity Incentive Plan (dollar amounts in thousands, except per share data): Options Wgtd. Avg. Exercise Price Wgtd. Avg. Remaining Contractual Term Aggregate Intrinsic Value Year Ended December 31, 2019 Outstanding at December 31, 2018 150,000 $ 19.00 Options Granted 20,500 16.98 Options Exercised - - Options Forfeited (7,500 ) 19.00 Outstanding at December 31, 2019 163,000 $ 18.75 8.79 $ 41 Exercisable at December 31, 2019 35,625 8.73 $ -
Weighted-Average Inputs and Risk-Free Rate of Return Ranges used to Calculate Grant Date Fair Value of Options	The following table shows the assumptions used for computing stock-based compensation expense under the fair value method on options granted during the period presented: Year Ended December 31, 2019 Risk-free interest rate 2.48 % Dividend yield 2.20 % Stock price volatility 31.14 % Expected term 7.01 yrs
Restricted Stock Units	The following table summarizes share information about RSUs for the year ended December 31, 2019: Number of Shares Wgtd. Avg. Grant Date Fair Value Outstanding at December 31, 2018 130,000 $ 19.09 Shares granted - - Shares settled (26,000 ) - Shares forfeited - - End of the period balance 104,000 $ 19.09

Disclosures About Fair Value _2

Disclosures About Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosures About Fair Value of Assets and Liabilities [Abstract]
Assets Measured at Fair Value on Nonrecurring Basis	The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2019 and 2018 (dollars in thousands): Fair Value (Level 1) (Level 2) (Level 3) Decmeber 31, 2019 Impaired loans (collateral- dependent) $ 1,783 $ - $ - $ 1,783 December 31, 2018 Impaired loans (collateral- dependent) $ 506 $ - $ - $ 506 Foreclosed assets held for sale $ 110 $ - $ - $ 110
Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. Fair Value Valuation Technique Unobservable Inputs Weighted- Average December 31, 2019 Collateral-dependent impaired loans $ 1,783 Appraisals from comparable properties Estimated cost to sell 3-5 % December 31, 2018 Collateral-dependent impaired loans $ 506 Appraisals from comparable properties Estimated cost to sell 7-10 % Foreclosed assets held for sale $ 110 Appraisals from comparable properties Estimated cost to sell 7-10 %
Estimated Fair Value of Financial Instruments not Recorded at Fair Value	The following tables presents estimated fair values of the Company’s financial instruments not recorded at fair value at December 31, 2019 and 2018 (dollars in thousands): Fair Value Measurements Carrying Amount Level 1 Level 2 Level 3 Total December 31, 2019 Financial Assets Cash and due from banks $ 117,128 $ 117,128 $ - $ - $ 117,128 Interest-bearing time deposits in other banks $ 30,147 $ - $ 30,147 $ - $ 30,147 Loans, net of allowance $ 699,458 $ - $ 698,672 $ 1,809 $ 700,481 Mortgage loans held for sale $ 1,031 $ - $ 1,031 $ - $ 1,031 Nonmarketable equity securities $ 1,100 $ - $ 1,100 $ - $ 1,100 Interest receivable $ 3,954 $ - $ 3,954 $ - $ 3,954 Financial Liabilities Deposits $ 757,483 $ - $ 757,520 $ - $ 757,520 Interest payable $ 636 $ - $ 636 $ - $ 636 December 31, 2018 Financial Assets Cash and due from banks $ 128,090 $ 128,090 $ - $ - $ 128,090 Interest-bearing time deposits in other banks $ 31,759 $ - $ 31,758 $ - $ 31,758 Loans, net of allowance $ 592,078 $ - $ 591,893 $ 506 $ 592,399 Mortgage loans held for sale $ 512 $ - $ 512 $ - $ 512 Nonmarketable equity securities $ 1,055 $ - $ 1,055 $ - $ 1,055 Interest receivable $ 4,538 $ - $ 4,538 $ - $ 4,538 Financial Liabilities Deposits $ 675,903 $ - $ 675,017 $ - $ 675,017 Interest payable $ 461 $ - $ 461 $ - $ 461

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	12 Months Ended
	Dec. 31, 2019
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Financial Instruments with Contract Amounts Representing Credit Risk	The following summarizes those financial instruments with contract amounts representing credit risk as of December 31, 2019 and 2018 (dollars in thousands): December 31, 2019 December 31, 2018 Commitments to extend credit $ 191,459 $ 135,015 Financial and performance standby letters of credit 3,338 1,078 $ 194,797 $ 136,093

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Operating Leases [Abstract]
Future Minimum Rental Commitments Non-Cancelable Operating Leases	Future minimum rental commitments of branch facilities and office equipment due under non-cancelable operating leases at December 31, 2019, were as follows (dollars in thousands): 2020 $ 623 2021 451 2022 220 2023 174 Thereafter 49 $ 1,517

Parent-only Financial Stateme_2

Parent-only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2019
Parent-only Financial Statements [Abstract]
Condensed Balance Sheets	Condensed Balance Sheets Assets December 31, 2019 December 31, 2018 Cash and due from banks $ 296 $ 295 Investment in bank subsidiary 99,076 87,377 Dividends receivable 5,029 - Goodwill 1,011 1,011 Other assets - 39 Total assets $ 105,412 $ 88,722 Liabilities and Shareholders’ Equity Other liabilities 5,286 256 Total liabilities 5,286 256 Total shareholders’ equity 100,126 88,466 Total liabilities and shareholders’ equity $ 105,412 $ 88,722
Condensed Statements of Income	Condensed Statements of Income For the Years Ended December 31, 2019 2018 2017 Income Dividends received from subsidiary bank $ 6,035 $ 11,930 $ 10,765 Other 155 - - Total Income 6,190 11,930 10,765 Expense Interest expense - 175 238 Other 4 315 - Total expense 4 490 238 Income and equity in undistributed net income of bank subsidiary 6,185 11,440 10,527 Equity in undistributed net income of bank subsidiary 2,040 13,521 13,262 Income before Taxes 8,225 24,961 23,789 Income tax expense - (39 ) - Net Income Available to Common Shareholders $ 8,225 $ 25,000 $ 23,789
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows For the Years Ended December 31, 2019 2018 2017 Operating Activities Net income $ 8,225 $ 25,000 $ 23,789 Items not requiring (providing) cash Equity in undistributed net income (2,040 ) (13,521 ) (13,262 ) Dividends receivable from subsidiary bank (5,029 ) - - Stock-based compensation expense - 154 - Changes in Accounts payable and accrued expenses (149 ) - - Other current assets and liabilities - 199 (2 ) Net cash provided by operating activities 1,007 11,832 10,525 Financing Activities Repayment of borrowed funds - (5,600 ) (800 ) Common stock issued, net of offering costs - 50,154 - Dividends paid (1,006 ) (56,155 ) (9,749 ) Net cash used in financing activities (1,006 ) (11,601 ) 10,549 Increase in Cash and Due from Banks 1 231 (24 ) Cash and Due from Banks, Beginning of Period 295 64 88 Cash and Due from Banks, End of Period $ 296 $ 295 $ 64 Supplemental Disclosure of Cash Flows Information Interest paid $ - $ 175 $ 239 Dividends declared and not paid $ 5,029 $ - $ -

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Selected Quarterly Financial Data (Unaudited) [Abstract]
Quarterly Financial Information	The following tables summarize the unaudited condensed results of operations for each of the quarters during the fiscal years ended December 31, 2019 and 2018: For the three months ended March 31, June 30, September 30, December 31, Net interest income $ 10,353 $ 10,583 $ 10,600 $ 10,657 Provision for loan losses - - - - Noninterest income 223 295 509 281 Noninterest expense 3,755 4,048 16,072 4,557 Income before income taxes 6,821 6,830 (4,963 ) 6,381 Income tax expense (benefit) 1,705 1,704 1,556 1,879 Net income (loss) $ 5,116 $ 5,126 $ (6,519 ) $ 4,502 EPS Basic $ 0.50 $ 0.50 $ (0.64 ) $ 0.45 Diluted $ 0.50 $ 0.50 $ (0.64 ) $ 0.45 For the three months ended March 31, 2018 June 30, 2018 September 30, 2018 December 31, 2018 Net interest income $ 9,861 $ 9,439 $ 9,801 $ 10,530 Provision for loan losses 100 - - 100 Noninterest income 264 486 319 262 Noninterest expense 3,675 3,546 3,805 3,939 Income before income taxes 6,350 6,379 6,315 6,753 Income tax expense - - (395 ) 1,192 Net income $ 6,350 $ 6,379 $ 6,710 $ 5,561 EPS (1) Basic $ 0.87 $ 0.88 $ 0.88 $ 0.55 Diluted $ 0.87 $ 0.88 $ 0.87 $ 0.54 (1) The quarterly EPS amounts, when added, may not coincide with the full fiscal year EPS reported on the Consolidated Statements of Income due to differences in the computed weighted average shares outstanding as well as rounding differences.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)Segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Interest-Bearing Time Deposits in Other Banks [Abstract]
Interest-bearing time deposits in other banks	$ 30,147	$ 31,759
Securities [Abstract]
Securities, available-for-sale	0	0
Securities, held to maturity	0	0
Long-Lived Asset Impairment [Abstract]
Asset impairment charges	$ 0	0	$ 0
Segments [Abstract]
Number of reportable segment | Segment	1
Income Taxes Abstract]
Interest accrued and penalties related to unrecognized tax benefits	$ 0	$ 0	$ 0
Revenue Recognition [Abstract]
Maximum payment period received for transactions	90 days
Minimum [Member]
Interest-Bearing Time Deposits in Other Banks [Abstract]
Maturity period of interest bearing time deposits	1 year
Maximum [Member]
Interest-Bearing Time Deposits in Other Banks [Abstract]
Maturity period of interest bearing time deposits	5 years
Core Deposits [Member]
Goodwill and Intangible Assets [Abstract]
Estimated useful life	10 years

Change in Capital Structure (De

Change in Capital Structure (Details) $ / shares in Units, $ in Thousands	Sep. 24, 2018USD ($)	Sep. 20, 2018USD ($)$ / sharesshares	Jul. 06, 2018	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)	Jun. 26, 2018$ / sharesshares
Change in Capital Structure [Abstract]
Common stock, shares authorized (in shares) | shares				50,000,000	50,000,000		50,000,000
Common stock, par value (in dollars per share) | $ / shares				$ 0.01	$ 0.01		$ 0.01
Preferred stock, shares authorized (in shares) | shares				1,000,000	1,000,000		1,000,000
Preferred stock, par value (in dollars per share) | $ / shares				$ 0.01	$ 0.01		$ 0.01
Stock split ratio			24
Deferred income tax benefit (expense) | $	$ (863)			$ (20)	$ (1,069)	$ 0
IPO [Member]
Change in Capital Structure [Abstract]
Sold and issued shares of common stock (in shares) | shares		2,900,000
Common stock price per share (in dollars per share) | $ / shares		$ 19
Net proceeds from initial public offering | $		$ 50,100
Non-voting Common Stock [Member]
Change in Capital Structure [Abstract]
Common stock, shares authorized (in shares) | shares				20,000,000	20,000,000		20,000,000
Common stock, par value (in dollars per share) | $ / shares				$ 0.01	$ 0.01		$ 0.01

Restriction on Cash and Due f_2

Restriction on Cash and Due from Banks (Details) $ in Thousands	Dec. 31, 2019USD ($)
Restriction on Cash and Due from Banks [Abstract]
Reserve funds to be maintained with Federal Reserve Bank	$ 18,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator [Abstract]
Net income	$ 4,502	$ (6,519)	$ 5,126	$ 5,116	$ 5,561		$ 6,710		$ 6,379		$ 6,350		$ 8,225	$ 25,000	$ 23,789
Denominator [Abstract]
Denominator for basic earnings per common share (in shares)													10,145,032	8,105,856	7,287,500
Dilutive effect of stock compensation (in shares)													2,279	131,782	0
Denominator for diluted earnings per share (in shares)													10,147,311	8,237,638	7,287,500
Earnings per common share [Abstract]
Basic (in dollars per share)	$ 0.45	$ (0.64)	$ 0.50	$ 0.50	$ 0.55	[1]	$ 0.88	[1]	$ 0.88	[1]	$ 0.87	[1]	$ 0.81	$ 3.08	$ 3.26
Diluted (in dollars per share)	$ 0.45	$ (0.64)	$ 0.50	$ 0.50	$ 0.54	[1]	$ 0.87	[1]	$ 0.88	[1]	$ 0.87	[1]	$ 0.81	$ 3.03	$ 3.26
Stock Option [Member]
Antidilutive securities [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)													163,000	150,000
[1]	The quarterly EPS amounts, when added, may not coincide with the full fiscal year EPS reported on the Consolidated Statements of Income due to differences in the computed weighted average shares outstanding as well as rounding differences.

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses, Summary of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Summary of loans [Abstract]
Gross loans	$ 708,668	$ 601,902
Less allowance for loan losses	(7,846)	(7,832)	$ (7,654)	$ (6,873)
Less deferred loan fees	(1,364)	(1,992)
Net loans	699,458	592,078
Construction & Development [Member]
Summary of loans [Abstract]
Gross loans	70,628	87,267
Less allowance for loan losses	(782)	(1,136)	(1,407)	(1,565)
1-4 Family Commercial [Member]
Summary of loans [Abstract]
Gross loans	34,160	33,278
Less allowance for loan losses	(378)	(433)	(431)	(287)
Commercial Real Estate - Other [Member]
Summary of loans [Abstract]
Gross loans	273,278	156,396
Less allowance for loan losses	(3,025)	(2,035)	(1,865)	(1,193)
Total Commercial Real Estate [Member]
Summary of loans [Abstract]
Gross loans	378,066	276,941
Commercial & Industrial [Member]
Summary of loans [Abstract]
Gross loans	260,762	248,394
Less allowance for loan losses	(2,887)	(3,231)	(2,779)	(2,523)
Agricultural [Member]
Summary of loans [Abstract]
Gross loans	57,945	62,844
Less allowance for loan losses	(642)	(818)	(1,015)	(1,074)
Consumer [Member]
Summary of loans [Abstract]
Gross loans	11,895	13,723
Less allowance for loan losses	$ (132)	$ (179)	$ (157)	$ (231)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses, Activity in Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				$ 7,832				$ 7,654	$ 7,832	$ 7,654	$ 6,873
Charge-offs									(18)	(98)	(512)
Recoveries									32	76	47
Net recoveries (charge-offs)									14	(22)	(465)
Provision (credit) for loan losses	$ 0	$ 0	$ 0	0	$ 100	$ 0	$ 0	100	0	200	1,246
Balance, end of period	7,846				7,832				7,846	7,832	7,654
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												$ 26	$ 46
Ending balance, Collectively evaluated for impairment												7,820	7,786
Total	7,846			7,832	7,832			7,654	7,832	7,654	7,654	7,846	7,832
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												11,118	9,077
Ending balance, Collectively evaluated for impairment												697,550	592,825
Total												708,668	601,902
Construction & Development [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				1,136				1,407	1,136	1,407	1,565
Charge-offs									0	0	0
Recoveries									0	0	0
Net recoveries (charge-offs)									0	0	0
Provision (credit) for loan losses									(354)	(271)	(158)
Balance, end of period	782				1,136				782	1,136	1,407
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												0	0
Ending balance, Collectively evaluated for impairment												782	1,136
Total	782			1,136	1,136			1,407	782	1,407	1,407	782	1,136
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												0	0
Ending balance, Collectively evaluated for impairment												70,628	87,267
Total												70,628	87,267
1-4 Family Commercial [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				433				431	433	431	287
Charge-offs									(2)	(25)	0
Recoveries									5	3	23
Net recoveries (charge-offs)									3	(22)	23
Provision (credit) for loan losses									(58)	24	121
Balance, end of period	378				433				378	433	431
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												0	0
Ending balance, Collectively evaluated for impairment												378	433
Total	378			433	433			431	378	433	431	378	433
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												0	115
Ending balance, Collectively evaluated for impairment												34,160	33,163
Total												34,160	33,278
Commercial Real Estate - Other [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				2,035				1,865	2,035	1,865	1,193
Charge-offs									0	0	(224)
Recoveries									0	0	6
Net recoveries (charge-offs)									0	0	(218)
Provision (credit) for loan losses									990	170	890
Balance, end of period	3,025				2,035				3,025	2,035	1,865
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												26	32
Ending balance, Collectively evaluated for impairment												2,999	2,003
Total	3,025			2,035	2,035			1,865	3,025	1,865	1,193	3,025	2,035
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												5,841	484
Ending balance, Collectively evaluated for impairment												267,437	155,912
Total												273,278	156,396
Commercial & Industrial [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				3,231				2,779	3,231	2,779	2,523
Charge-offs									(4)	(73)	(242)
Recoveries									24	71	6
Net recoveries (charge-offs)									20	(2)	(236)
Provision (credit) for loan losses									(364)	454	492
Balance, end of period	2,887				3,231				2,887	3,231	2,779
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												0	14
Ending balance, Collectively evaluated for impairment												2,887	3,217
Total	2,887			3,231	3,231			2,779	2,887	3,231	2,523	2,887	3,231
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												2,750	7,381
Ending balance, Collectively evaluated for impairment												258,012	241,013
Total												260,762	248,394
Agricultural [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				818				1,015	818	1,015	1,074
Charge-offs									(11)	0	0
Recoveries									3	1	0
Net recoveries (charge-offs)									(8)	1	0
Provision (credit) for loan losses									(168)	(198)	(59)
Balance, end of period	642				818				642	818	1,015
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												0	0
Ending balance, Collectively evaluated for impairment												642	818
Total	642			818	818			1,015	642	818	1,074	642	818
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												2,527	1,097
Ending balance, Collectively evaluated for impairment												55,418	61,747
Total												57,945	62,844
Consumer [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period				179				157	179	157	231
Charge-offs									(1)	0	(46)
Recoveries									0	1	12
Net recoveries (charge-offs)									(1)	1	(34)
Provision (credit) for loan losses									(46)	21	(40)
Balance, end of period	132				179				132	179	157
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment												0	0
Ending balance, Collectively evaluated for impairment												132	179
Total	$ 132			$ 179	$ 179			$ 157	$ 132	$ 179	$ 157	132	179
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment												0	0
Ending balance, Collectively evaluated for impairment												11,895	13,723
Total												$ 11,895	$ 13,723

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses, Loan Portfolio Based on Internal Rating Category (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	$ 708,668	$ 601,902
1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	678,048	544,956
2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	5,850	44,662
3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	13,652	3,207
4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	11,118	9,077
Construction & Development [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	70,628	87,267
Construction & Development [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	70,628	84,485
Construction & Development [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	2,782
Construction & Development [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
Construction & Development [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
1-4 Family Commercial [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	34,160	33,278
1-4 Family Commercial [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	33,622	29,942
1-4 Family Commercial [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	538	3,221
1-4 Family Commercial [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
1-4 Family Commercial [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	115
Commercial Real Estate - Other [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	273,278	156,396
Commercial Real Estate - Other [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	267,437	154,353
Commercial Real Estate - Other [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	1,559
Commercial Real Estate - Other [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
Commercial Real Estate - Other [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	5,841	484
Commercial & Industrial [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	260,762	248,394
Commercial & Industrial [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	241,176	204,671
Commercial & Industrial [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	5,312	36,342
Commercial & Industrial [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	11,524	0
Commercial & Industrial [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	2,750	7,381
Agricultural [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	57,945	62,844
Agricultural [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	53,290	57,782
Agricultural [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	758
Agricultural [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	2,128	3,207
Agricultural [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	2,527	1,097
Consumer [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	11,895	13,723
Consumer [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	11,895	13,723
Consumer [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
Consumer [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
Consumer [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	$ 0	$ 0

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses, Loan Portfolio Aging Analysis of Recorded Investment in Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	$ 702	$ 54
Current	707,966	601,848
Total	708,668	601,902
Total Loans > 90 Days & Accruing	612	0
30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	90	49
60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	5
Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	612	0
Construction & Development [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Current	70,628	87,267
Total	70,628	87,267
Total Loans > 90 Days & Accruing	0	0
Construction & Development [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Construction & Development [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Construction & Development [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
1 - 4 Family Real Estate [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	8
Current	34,160	33,270
Total	34,160	33,278
Total Loans > 90 Days & Accruing	0	0
1 - 4 Family Real Estate [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	8
1 - 4 Family Real Estate [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
1 - 4 Family Real Estate [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial Real Estate - Other [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Current	273,278	156,396
Total	273,278	156,396
Total Loans > 90 Days & Accruing	0	0
Commercial Real Estate - Other [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial Real Estate - Other [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial Real Estate - Other [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial & Industrial [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	14	5
Current	260,748	248,389
Total	260,762	248,394
Total Loans > 90 Days & Accruing	14	0
Commercial & Industrial [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial & Industrial [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	5
Commercial & Industrial [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	14	0
Agricultural [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	598	0
Current	57,347	62,844
Total	57,945	62,844
Total Loans > 90 Days & Accruing	598	0
Agricultural [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Agricultural [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Agricultural [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	598	0
Consumer [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	90	41
Current	11,805	13,682
Total	11,895	13,723
Total Loans > 90 Days & Accruing	0	0
Consumer [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	90	41
Consumer [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Consumer [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses, Impaired Loans and TDR's (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Impaired Loans [Abstract]
Unpaid principal balance	$ 11,118	$ 10,821
Recorded investment with no allowance	8,526	10,077
Recorded investment with an allowance	1,809	506
Total recorded investment	10,335	10,583
Related allowance	26	46
Average recorded investment	10,596	8,912
Interest income recognized	895	795
Troubled Debt Restructurings [Abstract]
Troubled debt restructurings post modification recorded investment	0	0
Troubled debt restructurings modified in the past twelve months that subsequently defaulted recorded investment	2,700
Construction & Development [Member]
Impaired Loans [Abstract]
Unpaid principal balance	0	0
Recorded investment with no allowance	0	0
Recorded investment with an allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Commercial Loan [Member]
Troubled Debt Restructurings [Abstract]
TDR's loans impaired		501
1 - 4 Family Real Estate [Member]
Impaired Loans [Abstract]
Unpaid principal balance	0	115
Recorded investment with no allowance	0	115
Recorded investment with an allowance	0	0
Total recorded investment	0	115
Related allowance	0	0
Average recorded investment	208	82
Interest income recognized	0	4
Commercial Real Estate - Other [Member]
Impaired Loans [Abstract]
Unpaid principal balance	5,841	1,990
Recorded investment with no allowance	4,032	1,506
Recorded investment with an allowance	1,809	484
Total recorded investment	5,841	1,990
Related allowance	26	32
Average recorded investment	2,557	440
Interest income recognized	440	148
Commercial & Industrial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	2,750	7,614
Recorded investment with no allowance	2,750	7,359
Recorded investment with an allowance	0	22
Total recorded investment	2,750	7,381
Related allowance	0	14
Average recorded investment	5,495	7,049
Interest income recognized	281	560
Troubled Debt Restructurings [Abstract]
TDR's loans impaired	1,810	501
Agricultural [Member]
Impaired Loans [Abstract]
Unpaid principal balance	2,527	1,097
Recorded investment with no allowance	1,744	1,097
Recorded investment with an allowance	0	0
Total recorded investment	1,744	1,097
Related allowance	0	0
Average recorded investment	2,238	1,313
Interest income recognized	174	82
Troubled Debt Restructurings [Abstract]
Troubled debt restructurings modified in the past twelve months that subsequently defaulted recorded investment	900
Consumer [Member]
Impaired Loans [Abstract]
Unpaid principal balance	0	5
Recorded investment with no allowance	0	0
Recorded investment with an allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	98	28
Interest income recognized	0	1
Commercial Real Estate [Member]
Troubled Debt Restructurings [Abstract]
TDR's loans impaired	2,721	$ 675
Troubled debt restructurings modified in the past twelve months that subsequently defaulted recorded investment	$ 1,800

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses, Information Regarding Nonperforming Assets (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Loans and Allowance for Loan Losses [Abstract]
Nonaccrual loans		$ 1,809	$ 2,615
Troubled-debt restructurings	[1]	912	0
Accruing loans 90 or more days past due		612	0
Total nonperforming loans		3,333	2,615
Commercial & Industrial [Member]
Loans and Allowance for Loan Losses [Abstract]
Accruing loans 90 or more days past due		14	0
Troubled Debt Restructurings [Abstract]
TDR's loans impaired		$ 1,810	$ 501
[1]	$501,000 and $861,000 of TDRs as of December 31, 2018 and 2017, respectively, are included in the nonaccrual loans balance in the line above

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Premises and equipment [Abstract]
Gross premises and equipment	$ 12,819	$ 10,790
Less accumulated depreciation	(3,195)	(3,037)
Net premises and equipment	9,624	7,753
Land, Buildings and Improvements [Member]
Premises and equipment [Abstract]
Gross premises and equipment	9,942	8,414
Furniture and Equipment [Member]
Premises and equipment [Abstract]
Gross premises and equipment	2,117	1,654
Automobiles [Member]
Premises and equipment [Abstract]
Gross premises and equipment	$ 760	$ 722

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Intangible Assets, Gross [Abstract]
Amortization expense	$ 206	$ 206	$ 206
Estimated Amortization Expenses [Abstract]
2020	206
2021	206
2022	206
2023	160
Total	778
Core Deposit Intangible [Member]
Intangible Assets, Gross [Abstract]
Gross Carrying Amount	2,061	2,061
Accumulated Amortization	$ (1,283)	$ (1,077)

Interest-Bearing Deposits (Deta

Interest-Bearing Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Interest-Bearing Deposits [Abstract]
Interest bearing time deposits in denominations of $250,000 or more	$ 57,000	$ 58,200
Scheduled maturities of interest-bearing time deposits [Abstract]
2020	156,283
2021	34,775
2022	9,535
2023	1,945
Time Deposits	$ 202,538

Income Taxes, (Benefit)_Provisi

Income Taxes, (Benefit)/Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Federal [Abstract]
Current									$ 5,516	$ 1,563
Deferred									0	(1,036)
Total federal tax provision									5,516	527
State [Abstract]
Current									1,308	303
Deferred									20	(33)
Total state tax provision									1,328	270
Total income tax provision	$ 1,879	$ 1,556	$ 1,704	$ 1,705	$ 1,192	$ (395)	$ 0	$ 0	$ 6,844	$ 797	$ 0

Income Taxes, Provision for Inc

Income Taxes, Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Statutory federal rate									21.00%	21.00%
Provision for Income Taxes [Abstract]
Statutory U.S. Federal Income Tax									$ 3,160	$ 5,417
Increase (decrease) resulting from [Abstract]
State Taxes									1,048	213
Benefit of S corporation status									0	(3,933)
Permanent Differences									2,327	0
Conversion as of September 24, 2018 to C corporation									0	(863)
Other									309	(37)
Total income tax provision	$ 1,879	$ 1,556	$ 1,704	$ 1,705	$ 1,192	$ (395)	$ 0	$ 0	$ 6,844	$ 797	$ 0

Income Taxes, Deferred Tax Asse

Income Taxes, Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets [Abstract]
Allowance for loan losses	$ 1,918	$ 1,942
Non-accrual loans	60	0
Deferred revenue	165	0
Other	0	80
Deferred compensation	78	38
Total deferred tax assets	2,221	2,060
Deferred tax liabilities [Abstract]
Property and equipment	(320)	(268)
Intangible assets	(202)	(220)
Prepaid expenses	(122)	(177)
Method change IRC 481(a)	(476)	(254)
Other	(12)	(72)
Total deferred tax liabilities	(1,132)	(991)
Net deferred tax assets	$ 1,089	$ 1,069

Income Taxes, Uncertain Tax Pos

Income Taxes, Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Interest or penalties related to uncertain tax positions	$ 0	$ 0	$ 0
Uncertain Tax Positions [Roll Forward]
Balance at beginning of period	13	0
Additions for positions taken in prior years	0	15
Reductions for positions taken in prior years	0	(2)
Balance at end of period	$ 13	$ 13

Letters of Credit (Details)

Letters of Credit (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Letters of Credit [Abstract]
Outstanding letters of credit	$ 1,300	$ 1,500
Loans pledged as collateral	$ 73,000

Advances and Borrowings (Detail

Advances and Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Advances and Borrowings [Abstract]
Maximum borrowing capacity	$ 71.7
Advances from FHLB	$ 0	$ 0

Shareholders' Equity, Repurchas

Shareholders' Equity, Repurchase Plan (Details) - Repurchase Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 05, 2019
Stock Repurchase Program [Abstract]
Number of shares authorized to purchase (in shares)			500,000
Number of shares repurchased (in shares)	0	0
Average price of shares repurchased (in dollars per share)	$ 0	$ 0
Shares remaining to be repurchased (in shares)	500,000	0

Shareholders' Equity, Actual Ca

Shareholders' Equity, Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital to risk-weighted assets, actual amount	$ 105,137	$ 92,693
Total capital to risk-weighted assets, actual ratio	15.25%	15.86%
Total capital to risk-weighted assets, minimum capital requirements amount	$ 55,157	$ 46,751
Total capital to risk-weighted assets, minimum capital requirements ratio	8.00%	8.00%
Total capital to risk-weighted assets, capital conservation buffer amount	$ 72,393	$ 57,709
Total capital to risk-weighted assets, capital conservation buffer ratio	10.50%	9.875%
Tier I capital to risk-weighted assets, actual amount	$ 97,291	$ 85,382
Tier I capital to risk-weighted assets, actual ratio	14.11%	14.61%
Tier I capital to risk-weighted assets, minimum capital requirements amount	$ 41,368	$ 35,063
Tier I capital to risk-weighted assets, minimum capital requirements ratio	6.00%	6.00%
Tier I capital to risk-weighted assets, minimum capital conservation buffer amount	$ 58,604	$ 46,021
Tier I capital to risk-weighted assets, minimum capital conservation buffer ratio	8.50%	7.875%
CET I capital to risk-weighted assets, actual amount	$ 97,291	$ 85,382
CET I capital to risk-weighted assets, actual ratio	14.11%	14.61%
CET I capital to risk-weighted assets, minimum capital requirements amount	$ 31,026	$ 26,298
CET I capital to risk-weighted assets, minimum capital requirements ratio	4.50%	4.50%
CET I capital to risk-weighted assets, capital conservation buffer amount	$ 48,262	$ 37,255
CET I capital to risk-weighted assets, capital conservation buffer ratio	7.00%	6.375%
Tier I capital to average assets, actual amount	$ 97,291	$ 85,382
Tier I capital to average assets, actual ratio	11.53%	11.13%
Tier I capital to average assets, minimum capital requirements amount	$ 33,833	$ 30,684
Tier I capital to average assets, minimum capital requirements ratio	4.00%	4.00%
Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital to risk-weighted assets, actual amount	$ 106,148	$ 93,704
Total capital to risk-weighted assets, actual ratio	15.42%	16.03%
Total capital to risk-weighted assets, minimum capital requirements amount	$ 55,076	$ 46,751
Total capital to risk-weighted assets, minimum capital requirements ratio	8.00%	8.00%
Total capital to risk-weighted assets, capital conservation buffer amount	$ 72,287	$ 57,709
Total capital to risk-weighted assets, capital conservation buffer ratio	10.50%	9.875%
Total capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 68,845	$ 58,439
Total capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action ratio	10.00%	10.00%
Tier I capital to risk-weighted assets, actual amount	$ 98,302	$ 86,393
Tier I capital to risk-weighted assets, actual ratio	14.28%	14.78%
Tier I capital to risk-weighted assets, minimum capital requirements amount	$ 41,307	$ 35,063
Tier I capital to risk-weighted assets, minimum capital requirements ratio	6.00%	6.00%
Tier I capital to risk-weighted assets, minimum capital conservation buffer amount	$ 58,518	$ 46,021
Tier I capital to risk-weighted assets, minimum capital conservation buffer ratio	8.50%	7.875%
Tier I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 55,076	$ 46,751
Tier I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action ratio	8.00%	8.00%
CET I capital to risk-weighted assets, actual amount	$ 98,302	$ 86,393
CET I capital to risk-weighted assets, actual ratio	14.28%	14.78%
CET I capital to risk-weighted assets, minimum capital requirements amount	$ 30,980	$ 26,298
CET I capital to risk-weighted assets, minimum capital requirements ratio	4.50%	4.50%
CET I capital to risk-weighted assets, capital conservation buffer amount	$ 48,192	$ 37,255
CET I capital to risk-weighted assets, capital conservation buffer ratio	7.00%	6.375%
CET I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 44,749	$ 37,985
CET I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action ratio	6.50%	6.50%
Tier I capital to average assets, actual amount	$ 98,302	$ 86,393
Tier I capital to average assets, actual ratio	11.65%	11.26%
Tier I capital to average assets, minimum capital requirements amount	$ 33,793	$ 30,684
Tier I capital to average assets, minimum capital requirements ratio	4.00%	4.00%
Tier I capital to average assets, minimum to be well capitalized under prompt corrective action amount	$ 42,241	$ 38,355
Tier I capital to average assets, minimum to be well capitalized under prompt corrective action ratio	5.00%	5.00%

Shareholders' Equity, Payout Re

Shareholders' Equity, Payout Restrictions Based on Capital Conservation Buffer (Details) $ in Thousands	Dec. 31, 2019USD ($)
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Retained earnings available for dividend declaration	$ 34,600
Greater than 2.5% [Member]
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Maximum payout percentage		[1]
Less than or Equal to 2.5% and Greater than 1.875% [Member]
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Maximum payout percentage	60.00%
Less than or Equal to 1.875% and Greater than 1.25% [Member]
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Maximum payout percentage	40.00%
Less than or Equal to 1.25% and Greater than 0.625% [Member]
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Maximum payout percentage	20.00%
Less than or Equal to 0.625% [Member]
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Maximum payout percentage	0.00%
[1]	No payout limitations applies.

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Summary of Loans [Roll Forward]
Balance Beginning of the Period	$ 6,897	$ 6,684
Additions	2,613	7,319
Collections/ Terminations	(8,455)	(7,106)
Balance End of the Period	1,055	6,897	$ 6,684
Haines Realty Investments Company, LLC [Member]
Sale of subsidiary [Abstract]
Lease expense	$ 184	$ 184	$ 184

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 05, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Common Stock [Member]
Share-based Compensation [Abstract]
Shares acquired and canceled (in shares)		(149,425)	0	0
Shares acquired and canceled		$ (1)	$ 0	$ 0
Common Stock [Member] | Employees [Member]
Share-based Compensation [Abstract]
Shares acquired and canceled (in shares)		(149,425)
Retained Earnings [Member]
Share-based Compensation [Abstract]
Shares acquired and canceled		$ (2,645)	0	0
Retained Earnings [Member] | Employees [Member]
Share-based Compensation [Abstract]
Percentage of employee's compensation matched by company		5.00%
Defined benefit plan, employer contribution		$ 223	198	178
Percentage of contribution in shares by largest shareholder	6.50%
Number of shares contributed by the largest shareholder (in shares)	656,925
Shares acquired and canceled		(2,645)
Stock-based compensation expense		12,116	154	$ 0
Executive Officers [Member]
Share-based Compensation [Abstract]
Stock-based compensation expense		11,800
2018 Equity Incentive Plan [Member]
Share-based Compensation [Abstract]
Stock-based compensation expense		$ 154	$ 628
Unearned stock-based compensation expense [Abstract]
Risk-free interest rate		2.48%
Dividend yield		2.20%
Stock price volatility		31.14%
Expected term		7 years 4 days
2018 Equity Incentive Plan [Member] | Stock Option [Member]
Share-based Compensation [Abstract]
Unrecognized compensation expense		$ 383
Period for recognition of compensation cost not yet recognized		4 years
Stock Option Activity [Roll Forward]
Outstanding at beginning of period (in shares)		150,000
Options granted (in shares)		20,500
Options exercised (in shares)		0
Options forfeited (in shares)		(7,500)
Outstanding at end of period (in shares)		163,000	150,000
Exercisable at end of period (in shares)		35,625
Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of period (in dollars per share)		$ 19
Options granted (in dollars per share)		16.98
Options exercised (in dollars per share)		0
Options forfeited (in dollars per share)		19
Outstanding at end of period (in dollars per share)		$ 18.75	$ 19
Options, Additional Disclosures [Abstract]
Weighted average remaining contractual term, Outstanding		9 years 14 days
Weighted average remaining contractual term, Exercisable		0 years
Aggregate intrinsic value, Outstanding		$ 37
Aggregate intrinsic value, Exercisable		$ 0
2018 Equity Incentive Plan [Member] | Stock Option [Member] | IPO [Member]
Share-based Compensation [Abstract]
Vesting period		4 years
2018 Equity Incentive Plan [Member] | RSUs [Member]
Share-based Compensation [Abstract]
Unrecognized compensation expense		$ 1,800
Period for recognition of compensation cost not yet recognized		5 years
Restricted Stock Units [Roll Forward]
Outstanding, beginning of the period (in shares)		130,000
Shares granted (in shares)		0
Shares settled (in shares)		(26,000)
Shares forfeited (in shares)		0
Outstanding, end of the period (in shares)		104,000	130,000
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)		$ 19.09
Shares granted (in dollars per share)		0
Shares settled (in dollars per share)		0
Shares forfeited (in dollars per share)		0
End of the period balance (in dollars per share)		$ 19.09	$ 19.09
2018 Equity Incentive Plan [Member] | RSUs [Member] | IPO [Member]
Share-based Compensation [Abstract]
Vesting period		5 years

Disclosures About Fair Value _3

Disclosures About Fair Value of Assets and Liabilities, Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Recurring Basis [Member]
Asset measured at fair value on recurring basis [Abstract]
Assets measured at fair value	$ 0	$ 0
Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	1,783	506
Foreclosed assets held for sale		110
Level 1 [Member] | Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	0	0
Foreclosed assets held for sale		0
Level 2 [Member] | Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	0	0
Foreclosed assets held for sale		0
Level 3 [Member] | Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	$ 1,783	506
Foreclosed assets held for sale		$ 110

Disclosures About Fair Value _4

Disclosures About Fair Value of Assets and Liabilities, Quantitative Information (Details) - Nonrecurring Basis [Member] $ in Thousands	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans	$ 1,783	$ 506
Foreclosed assets held for sale		110
Level 3 [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans	$ 1,783	506
Foreclosed assets held for sale		$ 110
Level 3 [Member] | Appraisals from Comparable Properties [Member] | Estimated Cost to Sell [Member] | Minimum [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans, measurement input	0.03	0.07
Foreclosed assets held for sale, measurement input		0.07
Level 3 [Member] | Appraisals from Comparable Properties [Member] | Estimated Cost to Sell [Member] | Maximum [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans, measurement input	0.05	0.1
Foreclosed assets held for sale, measurement input		0.1

Disclosures About Fair Value _5

Disclosures About Fair Value of Assets and Liabilities, Financial Instruments not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and due from banks	$ 117,128	$ 128,090
Interest-bearing time deposits in other banks	30,147	31,759
Loans, net of allowance	699,458	592,078
Mortgage loans held for sale	1,031	512
Nonmarketable equity securities	1,100	1,055
Interest receivable	3,954	4,538
Financial Liabilities [Abstract]
Deposits	757,483	675,903
Interest payable	636	461
Fair Value [Member]
Financial Assets [Abstract]
Cash and due from banks	117,128	128,090
Interest-bearing time deposits in other banks	30,147	31,758
Loans, net of allowance	700,481	592,399
Mortgage loans held for sale	1,031	512
Nonmarketable equity securities	1,100	1,055
Interest receivable	3,954	4,538
Financial Liabilities [Abstract]
Deposits	757,520	675,017
Interest payable	636	461
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and due from banks	117,128	128,090
Interest-bearing time deposits in other banks	0	0
Loans, net of allowance	0	0
Mortgage loans held for sale	0	0
Nonmarketable equity securities	0	0
Interest receivable	0	0
Financial Liabilities [Abstract]
Deposits	0	0
Interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and due from banks	0	0
Interest-bearing time deposits in other banks	30,147	31,758
Loans, net of allowance	698,672	591,893
Mortgage loans held for sale	1,031	512
Nonmarketable equity securities	1,100	1,055
Interest receivable	3,954	4,538
Financial Liabilities [Abstract]
Deposits	757,520	675,017
Interest payable	636	461
Fair Value [Member] | Level 3 [Member]
Financial Assets [Abstract]
Cash and due from banks	0	0
Interest-bearing time deposits in other banks	0	0
Loans, net of allowance	1,809	506
Mortgage loans held for sale	0	0
Nonmarketable equity securities	0	0
Interest receivable	0	0
Financial Liabilities [Abstract]
Deposits	0	0
Interest payable	$ 0	$ 0

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	$ 194,797	$ 136,093
Commitments to Extend Credit [Member]
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	191,459	135,015
Financial and Performance Standby Letters of Credit [Member]
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	$ 3,338	$ 1,078

Significant Estimates and Con_2

Significant Estimates and Concentrations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Significant Estimates of Loans [Abstract]
Outstanding balance	$ 708,668	$ 601,902
Goodwill	1,000
Hospitality Loans [Member]
Significant Estimates of Loans [Abstract]
Unfunded commitments	$ 39,400
Hospitality Loans [Member] | Gross Loans [Member]
Significant Estimates of Loans [Abstract]
Percentage of gross loans	24.00%
Outstanding balance	$ 167,000
Energy Loans [Member]
Significant Estimates of Loans [Abstract]
Unfunded commitments	$ 28,900
Energy Loans [Member] | Gross Loans [Member]
Significant Estimates of Loans [Abstract]
Percentage of gross loans	14.00%
Outstanding balance	$ 102,100

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Leases [Abstract]
Rental expense	$ 770	$ 596	$ 421
Non-Cancelable Operating Leases [Abstract]
2020	623
2021	451
2022	220
2023	174
Thereafter	49
Future minimum rental commitments	$ 1,517

Parent-only Financial Stateme_3

Parent-only Financial Statements, Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets [Abstract]
Cash and due from banks	$ 117,128	$ 128,090
Goodwill	1,000
Total assets	866,392	770,511
Liabilities and Shareholders' Equity [Abstract]
Total liabilities	766,266	682,045
Total shareholders' equity	100,126	88,466	$ 69,176
Total liabilities and shareholders' equity	866,392	770,511
Parent Company [Member]
Assets [Abstract]
Cash and due from banks	296	295
Investment in bank subsidiary	99,076	87,377
Dividends receivable	5,029	0
Goodwill	1,011	1,011
Other assets	0	39
Total assets	105,412	88,722
Liabilities and Shareholders' Equity [Abstract]
Other liabilities	5,286	256
Total liabilities	5,286	256
Total shareholders' equity	100,126	88,466
Total liabilities and shareholders' equity	$ 105,412	$ 88,722

Parent-only Financial Stateme_4

Parent-only Financial Statements, Condensed Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Expense [Abstract]
Interest expense									$ 9,516	$ 7,169	$ 4,739
Income Before Taxes	$ 6,381	$ (4,963)	$ 6,830	$ 6,821	$ 6,753	$ 6,315	$ 6,379	$ 6,350	15,069	25,797	23,789
Income tax expense	1,879	1,556	1,704	1,705	1,192	(395)	0	0	6,844	797	0
Net Income	$ 4,502	$ (6,519)	$ 5,126	$ 5,116	$ 5,561	$ 6,710	$ 6,379	$ 6,350	8,225	25,000	23,789
Parent Company [Member]
Income [Abstract]
Dividends received from subsidiary bank									6,035	11,930	10,765
Other									155	0	0
Total Income									6,190	11,930	10,765
Expense [Abstract]
Interest expense									0	175	238
Other									4	315	0
Total expense									4	490	238
Income and equity in undistributed net income of bank subsidiary									6,185	11,440	10,527
Equity in undistributed net income of bank subsidiary									2,040	13,521	13,262
Income Before Taxes									8,225	24,961	23,789
Income tax expense									0	(39)	0
Net Income									$ 8,225	$ 25,000	$ 23,789

Parent-only Financial Stateme_5

Parent-only Financial Statements, Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Activities [Abstract]
Net income	$ 4,502	$ (6,519)	$ 5,126	$ 5,116	$ 5,561	$ 6,710	$ 6,379	$ 6,350	$ 8,225	$ 25,000	$ 23,789
Items not requiring (providing) cash [Abstract]
Stock-based compensation expense									12,116	154	0
Changes in [Abstract]
Net cash provided by operating activities									19,180	27,001	25,877
Financing Activities [Abstract]
Repayment of borrowed funds									0	(5,600)	(800)
Dividends paid									(1,006)	(56,155)	(9,749)
Net cash provided by financing activities									77,928	38,608	65,726
Increase in Cash and Due from Banks									(10,962)	28,036	25,810
Cash and Due from Banks, Beginning of Year				128,090				100,054	128,090	100,054	74,244
Cash and Due from Banks, End of Year	117,128				128,090				117,128	128,090	100,054
Supplemental Disclosure of Cash Flows Information [Abstract]
Interest paid									9,342	7,304	4,739
Dividends declared and not paid	5,029				0				5,029	0	0
Parent Company [Member]
Operating Activities [Abstract]
Net income									8,225	25,000	23,789
Items not requiring (providing) cash [Abstract]
Equity in undistributed net income									(2,040)	(13,521)	(13,262)
Dividends receivable from subsidiary bank									(5,029)	0	0
Stock-based compensation expense									0	154	0
Changes in [Abstract]
Accounts payable and accrued expenses									(149)	0	0
Other current assets and liabilities									0	199	(2)
Net cash provided by operating activities									1,007	11,832	10,525
Financing Activities [Abstract]
Repayment of borrowed funds									0	(5,600)	(800)
Common stock issued, net of offering costs									0	50,154	0
Dividends paid									(1,006)	(56,155)	(9,749)
Net cash provided by financing activities									(1,006)	(11,601)	10,549
Increase in Cash and Due from Banks									1	231	(24)
Cash and Due from Banks, Beginning of Year				$ 295				$ 64	295	64	88
Cash and Due from Banks, End of Year	296				295				296	295	64
Supplemental Disclosure of Cash Flows Information [Abstract]
Interest paid									0	175	239
Dividends declared and not paid	$ 5,029				$ 0				$ 5,029	$ 0	$ 0

Selected Quarterly Financial _3

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Selected Quarterly Financial Data (Unaudited) [Abstract]
Net interest income	$ 10,657	$ 10,600	$ 10,583	$ 10,353	$ 10,530		$ 9,801		$ 9,439		$ 9,861		$ 42,193	$ 39,631	$ 38,131
Provision for loan losses	0	0	0	0	100		0		0		100		0	200	1,246
Noninterest income	281	509	295	223	262		319		486		264		1,308	1,331	1,435
Noninterest expense	4,557	16,072	4,048	3,755	3,939		3,805		3,546		3,675		28,432	14,965	14,531
Income Before Taxes	6,381	(4,963)	6,830	6,821	6,753		6,315		6,379		6,350		15,069	25,797	23,789
Income tax expense (benefit)	1,879	1,556	1,704	1,705	1,192		(395)		0		0		6,844	797	0
Net Income	$ 4,502	$ (6,519)	$ 5,126	$ 5,116	$ 5,561		$ 6,710		$ 6,379		$ 6,350		$ 8,225	$ 25,000	$ 23,789
EPS [Abstract]
Basic (in dollars per share)	$ 0.45	$ (0.64)	$ 0.50	$ 0.50	$ 0.55	[1]	$ 0.88	[1]	$ 0.88	[1]	$ 0.87	[1]	$ 0.81	$ 3.08	$ 3.26
Diluted (in dollars per share)	$ 0.45	$ (0.64)	$ 0.50	$ 0.50	$ 0.54	[1]	$ 0.87	[1]	$ 0.88	[1]	$ 0.87	[1]	$ 0.81	$ 3.03	$ 3.26
[1]	The quarterly EPS amounts, when added, may not coincide with the full fiscal year EPS reported on the Consolidated Statements of Income due to differences in the computed weighted average shares outstanding as well as rounding differences.