Bank7 (BSVN) 10-Q 14 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 14, 2020
Cover [Abstract]
Entity Registrant Name	Bank7 Corp.
Entity Central Index Key	0001746129
Current Fiscal Year End Date	--12-31
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 Common Stock, Shares Outstanding		9,264,412
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Address, State or Province	OK

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 148,626	$ 117,128
Interest-bearing time deposits in other banks	30,102	30,147
Loans, net of allowance for loan losses of $8,513 and $7,846 at March 31, 2020 and December 31, 2019, respectively	777,220	699,458
Loans held for sale, at fair value	0	1,031
Premises and equipment, net	9,644	9,624
Nonmarketable equity securities	1,089	1,100
Goodwill and other intangibles, net	1,737	1,789
Interest receivable and other assets	5,932	6,115
Total assets	974,350	866,392
Deposits
Noninterest-bearing	254,735	219,221
Interest-bearing	616,221	538,262
Total deposits	870,956	757,483
Income taxes payable	1,817	357
Interest payable and other liabilities	3,961	8,426
Total liabilities	876,734	766,266
Shareholders' equity
Preferred stock, par value $0.01 per share, 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock	93	101
Additional paid-in capital	92,571	92,391
Retained earnings	4,952	7,634
Total shareholders' equity	97,616	100,126
Total liabilities and shareholders' equity	974,350	866,392
Non-voting Common Stock [Member]
Shareholders' equity
Common stock	$ 0	$ 0

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Allowance for loan losses	$ 8,513	$ 7,846
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)	9,264,412	10,057,506
Common stock, shares outstanding (in shares)	9,264,412	10,057,506
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

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Income
Loans, including fees	$ 13,106	$ 11,622
Interest-bearing time deposits in other banks	162	417
Interest-bearing deposits in other banks	239	538
Total interest income	13,507	12,577
Interest Expense
Deposits	2,075	2,224
Total interest expense	2,075	2,224
Net Interest Income	11,432	10,353
Provision for Loan Losses	650	0
Net Interest Income After Provision for Loan Losses	10,782	10,353
Noninterest Income
Secondary market income	38	37
Service charges on deposit accounts	119	60
Other	173	126
Total noninterest income	330	223
Noninterest Expense
Salaries and employee benefits	2,474	2,171
Furniture and equipment	216	159
Occupancy	461	343
Data and item processing	276	262
Accounting, marketing and legal fees	126	147
Regulatory assessments	23	32
Advertising and public relations	269	186
Travel, lodging and entertainment	53	42
Other	455	413
Total noninterest expense	4,353	3,755
Income Before Taxes	6,759	6,821
Income tax expense	1,708	1,705
Net Income	$ 5,051	$ 5,116
Earnings per common share - basic (in dollars per share)	$ 0.51	$ 0.50
Earnings per common share - diluted (in dollars per share)	$ 0.51	$ 0.50
Weighted average common shares outstanding - basic (in shares)	9,972,899	10,187,500
Weighted average common shares outstanding - diluted (in shares)	9,972,899	10,187,500

Unaudited Condensed Consolida_4

Unaudited Condensed 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, 2018	10,187,500
Balance at Dec. 31, 2018	$ 102	$ 80,275	$ 8,089
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			5,116	$ 5,116
Shares acquired and canceled (in shares)	0			0
Shares acquired and canceled	$ 0		0
Stock-based compensation expense		171
Cash dividends declared ($0.10 per share)			0
Balance (in shares) at Mar. 31, 2019	10,187,500
Balance at Mar. 31, 2019	$ 102	80,446	13,205	$ 93,753
Balance (in shares) at Dec. 31, 2019	10,057,506
Balance at Dec. 31, 2019	$ 101	92,391	7,634	100,126
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			5,051	$ 5,051
Shares acquired and canceled (in shares)	(793,094)			(793,094)
Shares acquired and canceled	$ (8)		(6,807)
Stock-based compensation expense		180
Cash dividends declared ($0.10 per share)			(926)
Balance (in shares) at Mar. 31, 2020	9,264,412
Balance at Mar. 31, 2020	$ 93	$ 92,571	$ 4,952	$ 97,616

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Unaudited Condensed Consolidated Statements of Shareholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.10	$ 0.10

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net income	$ 5,051	$ 5,116
Items not requiring (providing) cash
Depreciation and amortization	270	175
Provision for loan losses	650	0
Gain on sales of loans	(38)	(37)
Stock-based compensation expense	180	171
Cash receipts from the sale of loans originated for sale	2,440	2,685
Cash disbursements for loans originated for sale	(1,371)	(2,343)
Deferred income tax benefit	(20)	(43)
Changes in
Interest receivable and other assets	203	786
Interest payable and other liabilities	1,098	665
Net cash provided by operating activities	8,463	7,175
Investing Activities
Maturities of interest-bearing time deposits in other banks	12,723	6,973
Purchases of interest-bearing time deposits in other banks	(12,678)	(9,491)
Net change in loans	(78,412)	13,288
Purchases of premises and equipment	(238)	(659)
Change in nonmarketable equity securities	11	0
Net cash (used in) provided by investing activities	(78,594)	10,111
Financing Activities
Net change in deposits	113,473	10,773
Cash distributions	(5,029)	0
Common stock acquired and canceled	(6,815)	0
Net cash provided by financing activities	101,629	10,773
Increase in Cash and Due from Banks	31,498	28,059
Cash and Due from Banks, Beginning of Period	117,128	128,090
Cash and Due from Banks, End of Period	148,626	156,149
Supplemental Disclosure of Cash Flows Information
Interest paid	2,245	2,180
Dividends declared and not paid	$ 926	$ 0

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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, Bank7 (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. Basis of Presentation The accompanying unaudited interim consolidated financial statements contained herein reflect all adjustments which are, in the opinion of management, necessary to provide a fair statement of the financial position, results of operations, and cash flows of the Company for the interim periods presented. All such adjustments are of a normal and recurring nature. There have been no significant changes in the accounting policies of the Company since December 31, 2019, the date of the most recent annual report. The condensed consolidated balance sheet of the Company as of December 31, 2019 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and notes normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. The information contained in the financial statements and footnotes included in Company’s annual report for the year ended December 31, 2019, should be referred to in connection with these unaudited interim consolidated financial statements. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. Share Repurchase Program During the three months ended March 31, 2020, 793,094 shares were repurchased under the Company’s share repurchase program at an average price of $8.59 per share and retired and returned to the status of authorized but unissued shares. There were no shares repurchased during the three months ended March 31, 2019. 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. 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. 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. Recent Accounting Pronouncements 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, 2022 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. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value an entity will record an impairment charge based on that difference. The standard eliminates today’s requirement to calculate a goodwill impairment charge using Step 2, which requires an entity to calculate any impairment charge by comparing the implied fair value of goodwill with its carrying amount. Early adoption is permitted. ASU 2017-04 was adopted as of January 1, 2020, with no significant impacts on the Company’s financial statements. 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 was adopted on January 1, 2020, and did not have a significant impact on the Company’s financial statements. Legislative and Regulatory Developments On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It contains substantial tax and spending provisions intended to address the impact of the COVID-19 pandemic. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The CARES Act also includes a range of other provisions designed to support the U.S. economy and mitigate the impact of COVID-19 on financial institutions and their customers, including through the authorization of various programs and measures that the U.S. Department of the Treasury, the Small Business Administration, the Federal Reserve Board, and other federal banking agencies may or are required to implement. Further, in response to the COVID-19 outbreak, the Federal Reserve Board has implemented or announced a number of facilities to provide emergency liquidity to various segments of the U.S. economy and financial market. The CARES Act includes a provision that permits a financial institution to elect to suspend temporarily troubled debt restructuring accounting under ASC Subtopic 310-40 in certain circumstances (“section 4013”). To be eligible under section 4013, a loan modification must be (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. In response to this section of the CARES Act, the federal banking agencies issued a revised interagency statement on April 7, 2020 that, in consultation with the Financial Accounting Standards Board, confirmed that for loans not subject to section 4013, short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not troubled debt restructurings under ASC Subtopic 310-40. In the three months ending March 31, 2020, 25 loans totaling $80.2 million were modified, related to COVID-19, that were not considered troubled debt restructurings. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. The extent to which the COVID-19 pandemic impacts the Company’s business, liquidity, asset valuations, results of operations, and financial condition, as well as its regulatory capital and liquidity ratios, will depend on future developments, which are highly uncertain, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic. Moreover, the effects of the COVID-19 pandemic may have a material adverse effect on all or a combination of valuation impairments on the Company’s intangible assets, loans, or deferred tax assets.

Restriction on Cash and Due fro

Restriction on Cash and Due from Banks	3 Months Ended
	Mar. 31, 2020
Restriction on Cash and Due from Banks [Abstract]
Restriction on Cash and Due from Banks	Note 2: 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 March 31, 2020 was $0.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 3: 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: For the three months ended March 31, 2020 2019 (Dollars in thousands, except per share amounts) Numerator Net income $ 5,051 $ 5,116 Denominator Denominator for basic earnings per common share 9,972,899 10,187,500 Dilutive effect of stock compensation (1) - - Denominator for diluted earnings per share 9,972,899 10,187,500 Earnings per common share Basic $ 0.51 $ 0.50 Diluted $ 0.51 $ 0.50 (1) Nonqualified stock options outstanding of 186,500 and 165,000 as of March 31, 2020 and 2019, 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	3 Months Ended
	Mar. 31, 2020
Loans and Allowance for Loan Losses [Abstract]
Loans and Allowance for Loan Losses	Note 4: Loans and Allowance for Loan Losses A summary of loans at March 31, 2020 and December 31, 2019, are as follows (dollars in thousands): March 31, 2020 December 31, 2019 Construction & development $ 87,324 $ 70,628 1 - 4 family real estate 34,760 34,160 Commercial real estate - other 280,474 273,278 Total commercial real estate 402,558 378,066 Commercial & industrial 323,273 260,762 Agricultural 50,993 57,945 Consumer 10,671 11,895 Gross loans 787,495 708,668 Less allowance for loan losses (8,513 ) (7,846 ) Less deferred loan fees (1,762 ) (1,364 ) Net loans $ 777,220 $ 699,458 The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three months ended March 31, 2020 and 2019 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2020 Balance, beginning of period $ 782 $ 378 $ 3,025 $ 2,887 $ 642 $ 132 $ 7,846 Charge-offs - - - - - - - Recoveries - 1 - 6 10 - 17 Net recoveries - 1 - 6 10 - 17 Provision (credit) for loan losses 162 (3 ) 7 602 (101 ) (17 ) 650 Balance, end of period $ 944 $ 376 $ 3,032 $ 3,495 $ 551 $ 115 $ 8,513 Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2019 Balance, beginning of period $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Charge-offs - - - (4 ) - - (4 ) Recoveries - - - 7 - - 7 Net recoveries - - - 3 - - 3 Provision (credit) for loan losses 154 19 52 (166 ) (58 ) (1 ) - Balance, end of period $ 1,290 $ 452 $ 2,087 $ 3,068 $ 760 $ 178 $ 7,835 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 March 31, 2020 and December 31, 2019 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2020 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ 26 $ - $ - $ - $ 26 Collectively evaluated for impairment 944 376 3,006 3,495 551 115 8,487 Total $ 944 $ 376 $ 3,032 $ 3,495 $ 551 $ 115 $ 8,513 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 3,749 $ 8,952 $ 2,414 $ - $ 15,115 Collectively evaluated for impairment 87,324 34,760 276,725 314,321 48,579 10,671 772,380 Total $ 87,324 $ 34,760 $ 280,474 $ 323,273 $ 50,993 $ 10,671 $ 787,495 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 Internal Risk Categories Each loan segment is made up of loan categories possessing similar risk characteristics. 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 March 31, 2020. The following table presents the credit risk profile of the Company’s loan portfolio based on internal rating category as of March 31, 2020 and December 31, 2019 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2020 Grade 1 (Pass) $ 87,324 $ 33,973 $ 267,047 $ 290,136 $ 46,450 $ 10,671 $ 735,601 2 (Watch) - 787 9,678 7,764 - - 18,229 3 (Special Mention) - - - 16,421 2,129 - 18,550 4 (Substandard) - - 3,749 8,952 2,414 - 15,115 Total $ 87,324 $ 34,760 $ 280,474 $ 323,273 $ 50,993 $ 10,671 $ 787,495 Construction & Development 1 - 4 Family Real Estate 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 The following table presents the Company’s loan portfolio aging analysis of the recorded investment in loans as of March 31, 2020 and December 31, 2019 (dollars in thousands): Past Due Total Loans 30–59 Days 60–89 Days Greater than 90 Days Total Current Total Loans > 90 Days & Accruing March 31, 2020 Construction & development $ - $ - $ - $ - $ 87,324 $ 87,324 $ - 1 - 4 Family Real Estate 142 93 - 235 34,525 34,760 - Commercial Real Estate - other 2,920 - - 2,920 277,554 280,474 - Commercial & industrial - - 14 14 323,259 323,273 14 Agricultural - - 598 598 50,395 50,993 598 Consumer 298 - - 298 10,373 10,671 - Total $ 3,360 $ 93 $ 612 $ 4,065 $ 783,430 $ 787,495 $ 612 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 The following table presents impaired loans as of March 31, 2020 and December 31, 2019 (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 Three Months Ended March 31, 2020 March 31, 2020 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - - - Commercial Real Estate - other 3,749 1,991 1,758 3,749 26 3,926 71 Commercial & industrial 8,952 8,952 - 8,952 - 4,093 181 Agricultural 1,630 1,630 - 1,630 - 2,847 38 Consumer - - - - - - - Total $ 14,331 $ 12,573 $ 1,758 $ 14,331 $ 26 $ 10,866 $ 290 December 31, 2019 Three Months Ended March 31, 2019 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - 115 - Commercial Real Estate - other 5,841 4,032 1,809 5,841 26 959 33 Commercial & industrial 2,750 2,750 - 2,750 - 6,591 123 Agricultural 2,527 1,744 - 1,744 - 1,832 57 Consumer - - - - - 193 5 Total $ 11,118 $ 8,526 $ 1,809 $ 10,335 $ 26 $ 9,690 $ 218 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 March 31, 2020, the Company had $1,758,000 of commercial real estate loans and $946,000 of agricultural loans that were modified in troubled-debt restructurings and impaired and $1,758,000 of commercial real estate and $912,000 of agricultural loan modifications as of December 31, 2019. There were no newly modified troubled-debt restructurings during the There were no troubled-debt restructurings modified in the past three months that subsequently defaulted for the period ended March 31, 2020. The following table represents information regarding nonperforming assets at March 31, 2020 and December 31, 2019 (dollars in thousands): As of March 31, 2020 December 31, 2019 Nonaccrual loans $ 1,758 $ 1,809 Troubled-debt restructurings (1) 946 912 Accruing loans 90 or more days past due 612 612 Total nonperforming loans $ 3,316 $ 3,333 (1) $1.76 million and $1.81 million of TDRs as of March 31, 2020 and December 31, 2019, respectively, are included in the nonaccrual loans balance in the line above. The CARES Act includes a provision that permits a financial institution to elect to suspend temporarily troubled debt restructuring accounting under ASC Subtopic 310-40 in certain circumstances (“section 4013”). To be eligible under section 4013, a loan modification must be (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. In response to this section of the CARES Act, the federal banking agencies issued a revised interagency statement on April 7, 2020 that, in consultation with the Financial Accounting Standards Board, confirmed that for loans not subject to section 4013, short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not troubled debt restructurings under ASC Subtopic 310-40. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. In the first quarter ending March 31, 2020, 25 loans totaling $80.2 million were modified, related to COVID-19, that were not considered troubled debt restructurings. Through May 12, 2020, we have modified terms on 165 loans totaling approximately $285.7 million.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 5: Shareholders’ Equity On September 5, 2019, the Company adopted a Repurchase Plan (the “RP”). The RP initially authorized the repurchase of up to 500,000 shares of the Company’s common stock. On March 13, 2020, the Company’s Board of Directors approved a 500,000 share expansion to the existing stock repurchase program, for a total of 1,000,000 shares authorized under the program. All shares repurchased under the RP have been retired and not held as treasury stock. The timing, price and amount of stock repurchases under the RP may be determined by management. At March 31, 2020, there were 206,906 shares remaining that could be repurchased under the Company’s Repurchase Program. 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: Three Months Ended March 31, 2020 2019 Number of shares repurchased 793,094 - Average price of shares repurchased $ 8.59 $ - Shares remaining to be repurchased 206,906 - 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 March 31, 2020, 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 March 31, 2020, 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 To Be Well Capitalized Under Prompt Corrective Action Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of March 31, 2020 Total capital to risk-weighted assets Company $ 104,392 13.55 % $ 61,651 8.00 % $ 80,917 10.50 % N/A N/A Bank $ 104,348 13.56 % $ 61,570 8.00 % $ 80,810 10.50 % $ 76,962 10.00 % Tier I capital to risk-weighted assets Company $ 95,879 12.44 % $ 46,238 6.00 % $ 65,504 8.50 % N/A N/A Bank $ 95,836 12.45 % $ 46,177 6.00 % $ 65,418 8.50 % $ 61,570 8.00 % CET I capital to risk-weighted assets Company $ 95,879 12.44 % $ 34,679 4.50 % $ 53,944 7.00 % N/A N/A Bank $ 95,836 12.45 % $ 34,633 4.50 % $ 53,874 7.00 % $ 50,025 6.50 % Tier I capital to average assets Company $ 95,879 10.98 % $ 34,923 4.00 % N/A N/A N/A N/A Bank $ 95,836 10.97 % $ 34,936 4.00 % N/A N/A $ 43,670 5.00 % 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 8.500 % N/A N/A Bank $ 98,302 14.28 % $ 41,307 6.00 % $ 58,518 8.500 % $ 55,076 8.00 % CET I capital to risk-weighted assets Company $ 97,291 14.11 % $ 31,026 4.50 % $ 48,262 7.000 % N/A N/A Bank $ 98,302 14.28 % $ 30,980 4.50 % $ 48,192 7.000 % $ 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 % 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 of 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 March 31, 2020, approximately $25.4 million of retained earnings was available for dividend declaration from the Bank without prior regulatory approval.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2020
Related-Party Transactions [Abstract]
Related-Party Transactions	Note 6: Related-Party Transactions At March 31, 2020 and December 31, 2019, the Company had loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) approximating $0 and $1.1 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 Three months ended March 31, 2020 $ 1,055 $ - $ (1,055 ) $ - Year ended December 31, 2019 $ 6,897 $ 2,613 $ (8,455 ) $ 1,055 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 $46,000 for the three months ended March 31, 2020 and 2019. In addition, payroll and office sharing arrangements were in place between the Company and certain of its affiliates.

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2020
Employee Benefits [Abstract]
Employee Benefits	Note 7: 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 three months ended March 31, 2020 and 2019 totaled $45,000 and $66,000, 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 three months ended March 31, 2020 and 2019 totaled $180,000 and $171,000 respectively. On September 5, 2019, our 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. The Company grants to employees and directors restricted stock units (RSUs) which vest ratably over either three or five years and stock options which vest ratably over four years. All RSUs and stock options are 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 Three Months Ended March 31, 2020 Outstanding at December 31, 2019 163,000 $ 18.75 Options Granted 26,500 18.49 Options Exercised - - Options Forfeited (3,000 ) 17.42 Outstanding at March 31, 2020 186,500 $ 18.73 8.70 $ 0 Exercisable at March 31, 2020 39,375 8.52 $ - 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: Three Months Ended March 31, 2020 Risk-free interest rate 1.71 % Dividend yield 2.20 % Stock price volatility 41.27 % Expected term 7.51 The following table summarizes share information about RSUs for the three months ended March 31, 2020: Number of Shares Wgtd. Avg. Grant Date Fair Value Outstanding at December 31, 2019 104,000 $ 19.09 Shares granted 31,000 18.49 Shares settled - - Shares forfeited - - End of the period balance 135,000 $ 18.95 As of March 31, 2020, there was approximately $2.3 million of unrecognized compensation expense related to 135,000 unvested RSUs and $501,000 of unrecognized compensation expense related to 189,500 unvested and/or unexercised stock options. The stock option expense is expected to be recognized over a weighted average period of 2.95 years, and the RSU expense is expected to be recognized over a weighted average period of 3.74 years.

Disclosures About Fair Value of

Disclosures About Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2020
Disclosures About Fair Value of Assets and Liabilities [Abstract]
Disclosures About Fair Value of Assets and Liabilities	Note 8: 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 March 31, 2020 and December 31, 2019. 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 March 31, 2020 and December 31, 2019 (dollars in thousands): Fair Value (Level 1) (Level 2) (Level 3) March 31, 2020 Impaired loans (collateral- dependent) $ 1,732 $ - $ - $ 1,732 December 31, 2019 Impaired loans (collateral- dependent) $ 1,783 $ - $ - $ 1,783 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. 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 March 31, 2020 Collateral-dependent impaired loans $ 1,732 Appraisals from comparable properties Estimated cost to sell 3-5 % December 31, 2019 Collateral-dependent impaired loans $ 1,783 Appraisals from comparable properties Estimated cost to sell 3-5 % The following tables presents estimated fair values of the Company’s financial instruments not recorded at fair value at March 31, 2020 and December 31, 2019 (dollars in thousands): Carrying Amount Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2020 Financial Assets Cash and due from banks $ 148,626 $ 148,626 $ - $ - $ 148,626 Interest-bearing time deposits in other banks $ 30,102 $ - $ 30,102 $ - $ 30,102 Loans, net of allowance $ 777,220 $ - $ 775,619 $ 1,732 $ 777,351 Nonmarketable equity securities $ 1,089 $ - $ 1,089 $ - $ 1,089 Interest receivable $ 3,857 $ - $ 3,857 $ - $ 3,857 Financial Liabilities Deposits $ 870,956 $ - $ 870,615 $ - $ 870,615 Interest payable $ 465 $ - $ 465 $ - $ 465 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 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 March 31, 2020 or December 31, 2019.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	3 Months Ended
	Mar. 31, 2020
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Financial Instruments with Off-Balance Sheet Risk	Note 9: 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 March 31, 2020 and December 31, 2019 (dollars in thousands): March 31, 2020 December 31, 2019 Commitments to extend credit $ 187,226 $ 191,459 Financial and performance standby letters of credit 3,526 3,338 $ 190,752 $ 194,797 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	3 Months Ended
	Mar. 31, 2020
Significant Estimates and Concentrations [Abstract]
Significant Estimates and Concentrations	Note 10: 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 4 Note 9 As of March 31, 2020, hospitality loans were 22% of gross total loans with outstanding balances of $175.5 million and unfunded commitments of $55.4 million; energy loans were 12% of gross total loans with outstanding balances of $96.2 million and unfunded commitments of $15.1 million. The Company evaluates goodwill for potential goodwill impairment on an annual basis or more often based on consideration if any impairment indicators have occurred. A prolonged strain on the U.S. Economy impacting the Company could result in goodwill being partially or fully impaired. At March 31, 2020, goodwill of $1.0 million was recorded on the consolidated balance sheet.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements contained herein reflect all adjustments which are, in the opinion of management, necessary to provide a fair statement of the financial position, results of operations, and cash flows of the Company for the interim periods presented. All such adjustments are of a normal and recurring nature. There have been no significant changes in the accounting policies of the Company since December 31, 2019, the date of the most recent annual report. The condensed consolidated balance sheet of the Company as of December 31, 2019 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and notes normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. The information contained in the financial statements and footnotes included in Company’s annual report for the year ended December 31, 2019, should be referred to in connection with these unaudited interim consolidated financial statements. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.
Share Repurchase Program	Share Repurchase Program During the three months ended March 31, 2020, 793,094 shares were repurchased under the Company’s share repurchase program at an average price of $8.59 per share and retired and returned to the status of authorized but unissued shares. There were no shares repurchased during the three months ended March 31, 2019.
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.
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.
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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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, 2022 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. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value an entity will record an impairment charge based on that difference. The standard eliminates today’s requirement to calculate a goodwill impairment charge using Step 2, which requires an entity to calculate any impairment charge by comparing the implied fair value of goodwill with its carrying amount. Early adoption is permitted. ASU 2017-04 was adopted as of January 1, 2020, with no significant impacts on the Company’s financial statements. 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 was adopted on January 1, 2020, and did not have a significant impact on the Company’s financial statements.
Legislative and Regulatory Developments	Legislative and Regulatory Developments On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It contains substantial tax and spending provisions intended to address the impact of the COVID-19 pandemic. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The CARES Act also includes a range of other provisions designed to support the U.S. economy and mitigate the impact of COVID-19 on financial institutions and their customers, including through the authorization of various programs and measures that the U.S. Department of the Treasury, the Small Business Administration, the Federal Reserve Board, and other federal banking agencies may or are required to implement. Further, in response to the COVID-19 outbreak, the Federal Reserve Board has implemented or announced a number of facilities to provide emergency liquidity to various segments of the U.S. economy and financial market. The CARES Act includes a provision that permits a financial institution to elect to suspend temporarily troubled debt restructuring accounting under ASC Subtopic 310-40 in certain circumstances (“section 4013”). To be eligible under section 4013, a loan modification must be (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency or (B) December 31, 2020. In response to this section of the CARES Act, the federal banking agencies issued a revised interagency statement on April 7, 2020 that, in consultation with the Financial Accounting Standards Board, confirmed that for loans not subject to section 4013, short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not troubled debt restructurings under ASC Subtopic 310-40. In the three months ending March 31, 2020, 25 loans totaling $80.2 million were modified, related to COVID-19, that were not considered troubled debt restructurings. This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. The extent to which the COVID-19 pandemic impacts the Company’s business, liquidity, asset valuations, results of operations, and financial condition, as well as its regulatory capital and liquidity ratios, will depend on future developments, which are highly uncertain, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic. Moreover, the effects of the COVID-19 pandemic may have a material adverse effect on all or a combination of valuation impairments on the Company’s intangible assets, loans, or deferred tax assets.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table shows the computation of basic and diluted earnings per share: For the three months ended March 31, 2020 2019 (Dollars in thousands, except per share amounts) Numerator Net income $ 5,051 $ 5,116 Denominator Denominator for basic earnings per common share 9,972,899 10,187,500 Dilutive effect of stock compensation (1) - - Denominator for diluted earnings per share 9,972,899 10,187,500 Earnings per common share Basic $ 0.51 $ 0.50 Diluted $ 0.51 $ 0.50 (1) Nonqualified stock options outstanding of 186,500 and 165,000 as of March 31, 2020 and 2019, 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)	3 Months Ended
	Mar. 31, 2020
Loans and Allowance for Loan Losses [Abstract]
Summary of Loans	A summary of loans at March 31, 2020 and December 31, 2019, are as follows (dollars in thousands): March 31, 2020 December 31, 2019 Construction & development $ 87,324 $ 70,628 1 - 4 family real estate 34,760 34,160 Commercial real estate - other 280,474 273,278 Total commercial real estate 402,558 378,066 Commercial & industrial 323,273 260,762 Agricultural 50,993 57,945 Consumer 10,671 11,895 Gross loans 787,495 708,668 Less allowance for loan losses (8,513 ) (7,846 ) Less deferred loan fees (1,762 ) (1,364 ) Net loans $ 777,220 $ 699,458
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 three months ended March 31, 2020 and 2019 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2020 Balance, beginning of period $ 782 $ 378 $ 3,025 $ 2,887 $ 642 $ 132 $ 7,846 Charge-offs - - - - - - - Recoveries - 1 - 6 10 - 17 Net recoveries - 1 - 6 10 - 17 Provision (credit) for loan losses 162 (3 ) 7 602 (101 ) (17 ) 650 Balance, end of period $ 944 $ 376 $ 3,032 $ 3,495 $ 551 $ 115 $ 8,513 Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2019 Balance, beginning of period $ 1,136 $ 433 $ 2,035 $ 3,231 $ 818 $ 179 $ 7,832 Charge-offs - - - (4 ) - - (4 ) Recoveries - - - 7 - - 7 Net recoveries - - - 3 - - 3 Provision (credit) for loan losses 154 19 52 (166 ) (58 ) (1 ) - Balance, end of period $ 1,290 $ 452 $ 2,087 $ 3,068 $ 760 $ 178 $ 7,835 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 March 31, 2020 and December 31, 2019 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2020 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ 26 $ - $ - $ - $ 26 Collectively evaluated for impairment 944 376 3,006 3,495 551 115 8,487 Total $ 944 $ 376 $ 3,032 $ 3,495 $ 551 $ 115 $ 8,513 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 3,749 $ 8,952 $ 2,414 $ - $ 15,115 Collectively evaluated for impairment 87,324 34,760 276,725 314,321 48,579 10,671 772,380 Total $ 87,324 $ 34,760 $ 280,474 $ 323,273 $ 50,993 $ 10,671 $ 787,495 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
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 March 31, 2020 and December 31, 2019 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2020 Grade 1 (Pass) $ 87,324 $ 33,973 $ 267,047 $ 290,136 $ 46,450 $ 10,671 $ 735,601 2 (Watch) - 787 9,678 7,764 - - 18,229 3 (Special Mention) - - - 16,421 2,129 - 18,550 4 (Substandard) - - 3,749 8,952 2,414 - 15,115 Total $ 87,324 $ 34,760 $ 280,474 $ 323,273 $ 50,993 $ 10,671 $ 787,495 Construction & Development 1 - 4 Family Real Estate 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
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 March 31, 2020 and December 31, 2019 (dollars in thousands): Past Due Total Loans 30–59 Days 60–89 Days Greater than 90 Days Total Current Total Loans > 90 Days & Accruing March 31, 2020 Construction & development $ - $ - $ - $ - $ 87,324 $ 87,324 $ - 1 - 4 Family Real Estate 142 93 - 235 34,525 34,760 - Commercial Real Estate - other 2,920 - - 2,920 277,554 280,474 - Commercial & industrial - - 14 14 323,259 323,273 14 Agricultural - - 598 598 50,395 50,993 598 Consumer 298 - - 298 10,373 10,671 - Total $ 3,360 $ 93 $ 612 $ 4,065 $ 783,430 $ 787,495 $ 612 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
Impaired Loans	The following table presents impaired loans as of March 31, 2020 and December 31, 2019 (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 Three Months Ended March 31, 2020 March 31, 2020 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - - - Commercial Real Estate - other 3,749 1,991 1,758 3,749 26 3,926 71 Commercial & industrial 8,952 8,952 - 8,952 - 4,093 181 Agricultural 1,630 1,630 - 1,630 - 2,847 38 Consumer - - - - - - - Total $ 14,331 $ 12,573 $ 1,758 $ 14,331 $ 26 $ 10,866 $ 290 December 31, 2019 Three Months Ended March 31, 2019 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - 115 - Commercial Real Estate - other 5,841 4,032 1,809 5,841 26 959 33 Commercial & industrial 2,750 2,750 - 2,750 - 6,591 123 Agricultural 2,527 1,744 - 1,744 - 1,832 57 Consumer - - - - - 193 5 Total $ 11,118 $ 8,526 $ 1,809 $ 10,335 $ 26 $ 9,690 $ 218
Information Regarding Nonperforming Assets	The following table represents information regarding nonperforming assets at March 31, 2020 and December 31, 2019 (dollars in thousands): As of March 31, 2020 December 31, 2019 Nonaccrual loans $ 1,758 $ 1,809 Troubled-debt restructurings (1) 946 912 Accruing loans 90 or more days past due 612 612 Total nonperforming loans $ 3,316 $ 3,333 (1) $1.76 million and $1.81 million of TDRs as of March 31, 2020 and December 31, 2019, respectively, are included in the nonaccrual loans balance in the line above.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Shareholders' Equity [Abstract]
Stock Repurchase	A summary of the activity under the RP is as follows: Three Months Ended March 31, 2020 2019 Number of shares repurchased 793,094 - Average price of shares repurchased $ 8.59 $ - Shares remaining to be repurchased 206,906 -
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 To Be Well Capitalized Under Prompt Corrective Action Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of March 31, 2020 Total capital to risk-weighted assets Company $ 104,392 13.55 % $ 61,651 8.00 % $ 80,917 10.50 % N/A N/A Bank $ 104,348 13.56 % $ 61,570 8.00 % $ 80,810 10.50 % $ 76,962 10.00 % Tier I capital to risk-weighted assets Company $ 95,879 12.44 % $ 46,238 6.00 % $ 65,504 8.50 % N/A N/A Bank $ 95,836 12.45 % $ 46,177 6.00 % $ 65,418 8.50 % $ 61,570 8.00 % CET I capital to risk-weighted assets Company $ 95,879 12.44 % $ 34,679 4.50 % $ 53,944 7.00 % N/A N/A Bank $ 95,836 12.45 % $ 34,633 4.50 % $ 53,874 7.00 % $ 50,025 6.50 % Tier I capital to average assets Company $ 95,879 10.98 % $ 34,923 4.00 % N/A N/A N/A N/A Bank $ 95,836 10.97 % $ 34,936 4.00 % N/A N/A $ 43,670 5.00 % 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 8.500 % N/A N/A Bank $ 98,302 14.28 % $ 41,307 6.00 % $ 58,518 8.500 % $ 55,076 8.00 % CET I capital to risk-weighted assets Company $ 97,291 14.11 % $ 31,026 4.50 % $ 48,262 7.000 % N/A N/A Bank $ 98,302 14.28 % $ 30,980 4.50 % $ 48,192 7.000 % $ 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 % 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%

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2020
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 Three months ended March 31, 2020 $ 1,055 $ - $ (1,055 ) $ - Year ended December 31, 2019 $ 6,897 $ 2,613 $ (8,455 ) $ 1,055

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2020
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 Three Months Ended March 31, 2020 Outstanding at December 31, 2019 163,000 $ 18.75 Options Granted 26,500 18.49 Options Exercised - - Options Forfeited (3,000 ) 17.42 Outstanding at March 31, 2020 186,500 $ 18.73 8.70 $ 0 Exercisable at March 31, 2020 39,375 8.52 $ -
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: Three Months Ended March 31, 2020 Risk-free interest rate 1.71 % Dividend yield 2.20 % Stock price volatility 41.27 % Expected term 7.51
Restricted Stock Units	The following table summarizes share information about RSUs for the three months ended March 31, 2020: Number of Shares Wgtd. Avg. Grant Date Fair Value Outstanding at December 31, 2019 104,000 $ 19.09 Shares granted 31,000 18.49 Shares settled - - Shares forfeited - - End of the period balance 135,000 $ 18.95

Disclosures About Fair Value _2

Disclosures About Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (dollars in thousands): Fair Value (Level 1) (Level 2) (Level 3) March 31, 2020 Impaired loans (collateral- dependent) $ 1,732 $ - $ - $ 1,732 December 31, 2019 Impaired loans (collateral- dependent) $ 1,783 $ - $ - $ 1,783
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 March 31, 2020 Collateral-dependent impaired loans $ 1,732 Appraisals from comparable properties Estimated cost to sell 3-5 % December 31, 2019 Collateral-dependent impaired loans $ 1,783 Appraisals from comparable properties Estimated cost to sell 3-5 %
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 March 31, 2020 and December 31, 2019 (dollars in thousands): Carrying Amount Fair Value Measurements Level 1 Level 2 Level 3 Total March 31, 2020 Financial Assets Cash and due from banks $ 148,626 $ 148,626 $ - $ - $ 148,626 Interest-bearing time deposits in other banks $ 30,102 $ - $ 30,102 $ - $ 30,102 Loans, net of allowance $ 777,220 $ - $ 775,619 $ 1,732 $ 777,351 Nonmarketable equity securities $ 1,089 $ - $ 1,089 $ - $ 1,089 Interest receivable $ 3,857 $ - $ 3,857 $ - $ 3,857 Financial Liabilities Deposits $ 870,956 $ - $ 870,615 $ - $ 870,615 Interest payable $ 465 $ - $ 465 $ - $ 465 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

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (dollars in thousands): March 31, 2020 December 31, 2019 Commitments to extend credit $ 187,226 $ 191,459 Financial and performance standby letters of credit 3,526 3,338 $ 190,752 $ 194,797

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)Loan$ / sharesshares	Mar. 31, 2019shares
Share Repurchase Program [Abstract]
Number of shares repurchased (in shares) | shares	793,094	0
Average price of shares repurchased (in dollars per share) | $ / shares	$ 8.59
COVID-19 [Member]
Legislative and Regulatory Developments [Abstract]
Number of loans modified that were not considered troubled debt restructurings | Loan	25
Amount of loans modified that were not considered troubled debt restructurings | $	$ 80.2

Restriction on Cash and Due f_2

Restriction on Cash and Due from Banks (Details) $ in Millions	Mar. 31, 2020USD ($)
Restriction on Cash and Due from Banks [Abstract]
Reserve funds to be maintained with Federal Reserve Bank	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Numerator [Abstract]
Net income		$ 5,051	$ 5,116
Denominator [Abstract]
Denominator for basic earnings per common share (in shares)		9,972,899	10,187,500
Dilutive effect of stock compensation (in shares)	[1]	0	0
Denominator for diluted earnings per share (in shares)		9,972,899	10,187,500
Earnings per common share [Abstract]
Basic (in dollars per share)		$ 0.51	$ 0.50
Diluted (in dollars per share)		$ 0.51	$ 0.50
Stock Option [Member]
Antidilutive securities [Abstract]
Antidilutive shares excluded from the calculation of earnings per share (in shares)		186,500	165,000
[1]	Nonqualified stock options outstanding of 186,500 and 165,000 as of March 31, 2020 and 2019, 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 _3

Loans and Allowance for Loan Losses, Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Summary of loans [Abstract]
Gross loans	$ 787,495	$ 708,668
Less allowance for loan losses	(8,513)	(7,846)	$ (7,835)	$ (7,832)
Less deferred loan fees	(1,762)	(1,364)
Net loans	777,220	699,458
Construction & Development [Member]
Summary of loans [Abstract]
Gross loans	87,324	70,628
Less allowance for loan losses	(944)	(782)	(1,290)	(1,136)
1 - 4 Family Real Estate [Member]
Summary of loans [Abstract]
Gross loans	34,760	34,160
Less allowance for loan losses	(376)	(378)	(452)	(433)
Commercial Real Estate - Other [Member]
Summary of loans [Abstract]
Gross loans	280,474	273,278
Less allowance for loan losses	(3,032)	(3,025)	(2,087)	(2,035)
Commercial Real Estate [Member]
Summary of loans [Abstract]
Gross loans	402,558	378,066
Commercial & Industrial [Member]
Summary of loans [Abstract]
Gross loans	323,273	260,762
Less allowance for loan losses	(3,495)	(2,887)	(3,068)	(3,231)
Agricultural [Member]
Summary of loans [Abstract]
Gross loans	50,993	57,945
Less allowance for loan losses	(551)	(642)	(760)	(818)
Consumer [Member]
Summary of loans [Abstract]
Gross loans	10,671	11,895
Less allowance for loan losses	$ (115)	$ (132)	$ (178)	$ (179)

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
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	$ 7,846	$ 7,832
Charge-offs	0	(4)
Recoveries	17	7
Net recoveries	17	3
Provision (credit) for loan losses	650	0
Balance, end of period	8,513	7,835
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			$ 26	$ 26
Ending balance, Collectively evaluated for impairment			8,487	7,820
Total	8,513	7,835	8,513	7,846
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			15,115	11,118
Ending balance, Collectively evaluated for impairment			772,380	697,550
Total			787,495	708,668
Construction & Development [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	782	1,136
Charge-offs	0	0
Recoveries	0	0
Net recoveries	0	0
Provision (credit) for loan losses	162	154
Balance, end of period	944	1,290
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			944	782
Total	944	1,290	944	782
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			87,324	70,628
Total			87,324	70,628
1 - 4 Family Real Estate [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	378	433
Charge-offs	0	0
Recoveries	1	0
Net recoveries	1	0
Provision (credit) for loan losses	(3)	19
Balance, end of period	376	452
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			376	378
Total	376	452	376	378
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			34,760	34,160
Total			34,760	34,160
Commercial Real Estate - Other [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	3,025	2,035
Charge-offs	0	0
Recoveries	0	0
Net recoveries	0	0
Provision (credit) for loan losses	7	52
Balance, end of period	3,032	2,087
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			26	26
Ending balance, Collectively evaluated for impairment			3,006	2,999
Total	3,032	2,087	3,032	3,025
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			3,749	5,841
Ending balance, Collectively evaluated for impairment			276,725	267,437
Total			280,474	273,278
Commercial & Industrial [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	2,887	3,231
Charge-offs	0	(4)
Recoveries	6	7
Net recoveries	6	3
Provision (credit) for loan losses	602	(166)
Balance, end of period	3,495	3,068
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			3,495	2,887
Total	3,495	3,068	3,495	2,887
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			8,952	2,750
Ending balance, Collectively evaluated for impairment			314,321	258,012
Total			323,273	260,762
Agricultural [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	642	818
Charge-offs	0	0
Recoveries	10	0
Net recoveries	10	0
Provision (credit) for loan losses	(101)	(58)
Balance, end of period	551	760
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			551	642
Total	551	760	551	642
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			2,414	2,527
Ending balance, Collectively evaluated for impairment			48,579	55,418
Total			50,993	57,945
Consumer [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	132	179
Charge-offs	0	0
Recoveries	0	0
Net recoveries	0	0
Provision (credit) for loan losses	(17)	(1)
Balance, end of period	115	178
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			115	132
Total	$ 115	$ 178	115	132
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, Collectively evaluated for impairment			10,671	11,895
Total			$ 10,671	$ 11,895

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses, Loan Portfolio Based on Internal Rating Category (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	$ 787,495	$ 708,668
1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	735,601	678,048
2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	18,229	5,850
3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	18,550	13,652
4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	15,115	11,118
Construction & Development [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	87,324	70,628
Construction & Development [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	87,324	70,628
Construction & Development [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
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 Real Estate [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	34,760	34,160
1 - 4 Family Real Estate [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	33,973	33,622
1 - 4 Family Real Estate [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	787	538
1 - 4 Family Real Estate [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
1 - 4 Family Real Estate [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
Commercial Real Estate - Other [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	280,474	273,278
Commercial Real Estate - Other [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	267,047	267,437
Commercial Real Estate - Other [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	9,678	0
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	3,749	5,841
Commercial & Industrial [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	323,273	260,762
Commercial & Industrial [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	290,136	241,176
Commercial & Industrial [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	7,764	5,312
Commercial & Industrial [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	16,421	11,524
Commercial & Industrial [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	8,952	2,750
Agricultural [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	50,993	57,945
Agricultural [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	46,450	53,290
Agricultural [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	0	0
Agricultural [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	2,129	2,128
Agricultural [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	2,414	2,527
Consumer [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	10,671	11,895
Consumer [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	10,671	11,895
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	Mar. 31, 2020	Dec. 31, 2019
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	$ 4,065	$ 702
Current	783,430	707,966
Total	787,495	708,668
Total Loans > 90 Days & Accruing	612	612
30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	3,360	90
60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	93	0
Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	612	612
Construction & Development [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Current	87,324	70,628
Total	87,324	70,628
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	235	0
Current	34,525	34,160
Total	34,760	34,160
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	142	0
1 - 4 Family Real Estate [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	93	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	2,920	0
Current	277,554	273,278
Total	280,474	273,278
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	2,920	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	14
Current	323,259	260,748
Total	323,273	260,762
Total Loans > 90 Days & Accruing	14	14
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	0
Commercial & Industrial [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	14	14
Agricultural [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	598	598
Current	50,395	57,347
Total	50,993	57,945
Total Loans > 90 Days & Accruing	598	598
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	598
Consumer [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	298	90
Current	10,373	11,805
Total	10,671	11,895
Total Loans > 90 Days & Accruing	0	0
Consumer [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	298	90
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	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Impaired Loans [Abstract]
Unpaid principal balance	$ 14,331		$ 11,118
Recorded investment with no allowance	12,573		8,526
Recorded investment with an allowance	1,758		1,809
Total recorded investment	14,331		10,335
Related allowance	26		26
Average recorded investment	10,866	$ 9,690
Interest income recognized	290	218
Troubled Debt Restructurings [Abstract]
TDR's loans impaired	0
Troubled debt restructurings modified in three months that subsequently defaulted	0
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
1 - 4 Family Real Estate [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	115
Interest income recognized	0	0
Commercial Real Estate - Other [Member]
Impaired Loans [Abstract]
Unpaid principal balance	3,749		5,841
Recorded investment with no allowance	1,991		4,032
Recorded investment with an allowance	1,758		1,809
Total recorded investment	3,749		5,841
Related allowance	26		26
Average recorded investment	3,926	959
Interest income recognized	71	33
Commercial & Industrial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	8,952		2,750
Recorded investment with no allowance	8,952		2,750
Recorded investment with an allowance	0		0
Total recorded investment	8,952		2,750
Related allowance	0		0
Average recorded investment	4,093	6,591
Interest income recognized	181	123
Agricultural [Member]
Impaired Loans [Abstract]
Unpaid principal balance	1,630		2,527
Recorded investment with no allowance	1,630		1,744
Recorded investment with an allowance	0		0
Total recorded investment	1,630		1,744
Related allowance	0		0
Average recorded investment	2,847	1,832
Interest income recognized	38	57
Troubled Debt Restructurings [Abstract]
TDR's loans impaired	946		912
Consumer [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	193
Interest income recognized	0	$ 5
Commercial Real Estate [Member]
Troubled Debt Restructurings [Abstract]
TDR's loans impaired	$ 1,758		$ 1,758

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses, Information Regarding Nonperforming Assets (Details) $ in Thousands		3 Months Ended	4 Months Ended
		Mar. 31, 2020USD ($)Loan	May 12, 2020USD ($)Loan	Dec. 31, 2019USD ($)
Loans and Allowance for Loan Losses [Abstract]
Nonaccrual loans		$ 1,758		$ 1,809
Troubled-debt restructurings	[1]	946		912
Accruing loans 90 or more days past due		612		612
Total nonperforming loans		$ 3,316		$ 3,333
COVID-19 [Member]
Troubled Debt Restructurings [Abstract]
Number of loans modified that were not considered troubled debt restructurings | Loan		25
Amount of loans modified that were not considered troubled debt restructurings		$ 80,200
COVID-19 [Member] | Subsequent Event [Member]
Troubled Debt Restructurings [Abstract]
Number of loans modified that were not considered troubled debt restructurings | Loan			165
Amount of loans modified that were not considered troubled debt restructurings			$ 285,700
[1]	$1.76 million and $1.81 million of TDRs as of March 31, 2020 and December 31, 2019, respectively, are included in the nonaccrual loans balance in the line above.

Shareholders' Equity, Repurchas

Shareholders' Equity, Repurchase Plan (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	May 13, 2020	Sep. 05, 2019
Stock Repurchase Program [Abstract]
Number of shares repurchased (in shares)	793,094	0
Average price of shares repurchased (in dollars per share)	$ 8.59
Repurchase Plan [Member]
Stock Repurchase Program [Abstract]
Number of shares authorized to purchase (in shares)			1,000,000	500,000
Number of shares approve for expansion to the existing stock (in shares)			500,000
Number of shares repurchased (in shares)	793,094	0
Average price of shares repurchased (in dollars per share)	$ 8.59	$ 0
Shares remaining to be repurchased (in shares)	206,906	0

Shareholders' Equity, Actual Ca

Shareholders' Equity, Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital to risk-weighted assets, actual amount	$ 104,392	$ 105,137
Total capital to risk-weighted assets, actual ratio	13.55%	15.25%
Total capital to risk-weighted assets, minimum capital requirements amount	$ 61,651	$ 55,157
Total capital to risk-weighted assets, minimum capital requirements ratio	8.00%	8.00%
Total capital to risk-weighted assets, capital conservation buffer amount	$ 80,917	$ 72,393
Total capital to risk-weighted assets, capital conservation buffer ratio	10.50%	10.50%
Tier I capital to risk-weighted assets, actual amount	$ 95,879	$ 97,291
Tier I capital to risk-weighted assets, actual ratio	12.44%	14.11%
Tier I capital to risk-weighted assets, minimum capital requirements amount	$ 46,238	$ 41,368
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	$ 65,504	$ 58,604
Tier I capital to risk-weighted assets, minimum capital conservation buffer ratio	8.50%	8.50%
CET I capital to risk-weighted assets, actual amount	$ 95,879	$ 97,291
CET I capital to risk-weighted assets, actual ratio	12.44%	14.11%
CET I capital to risk-weighted assets, minimum capital requirements amount	$ 34,679	$ 31,026
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	$ 53,944	$ 48,262
CET I capital to risk-weighted assets, capital conservation buffer ratio	7.00%	7.00%
Tier I capital to average assets, actual amount	$ 95,879	$ 97,291
Tier I capital to average assets, actual ratio	10.98%	11.53%
Tier I capital to average assets, minimum capital requirements amount	$ 34,923	$ 33,833
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	$ 104,348	$ 106,148
Total capital to risk-weighted assets, actual ratio	13.56%	15.42%
Total capital to risk-weighted assets, minimum capital requirements amount	$ 61,570	$ 55,076
Total capital to risk-weighted assets, minimum capital requirements ratio	8.00%	8.00%
Total capital to risk-weighted assets, capital conservation buffer amount	$ 80,810	$ 72,287
Total capital to risk-weighted assets, capital conservation buffer ratio	10.50%	10.50%
Total capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 76,962	$ 68,845
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	$ 95,836	$ 98,302
Tier I capital to risk-weighted assets, actual ratio	12.45%	14.28%
Tier I capital to risk-weighted assets, minimum capital requirements amount	$ 46,177	$ 41,307
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	$ 65,418	$ 58,518
Tier I capital to risk-weighted assets, minimum capital conservation buffer ratio	8.50%	8.50%
Tier I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 61,570	$ 55,076
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	$ 95,836	$ 98,302
CET I capital to risk-weighted assets, actual ratio	12.45%	14.28%
CET I capital to risk-weighted assets, minimum capital requirements amount	$ 34,633	$ 30,980
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	$ 53,874	$ 48,192
CET I capital to risk-weighted assets, capital conservation buffer ratio	7.00%	7.00%
CET I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 50,025	$ 44,749
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	$ 95,836	$ 98,302
Tier I capital to average assets, actual ratio	10.97%	11.65%
Tier I capital to average assets, minimum capital requirements amount	$ 34,936	$ 33,793
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	$ 43,670	$ 42,241
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 Millions	Mar. 31, 2020USD ($)
Payout Restrictions Based on Capital Conservation Buffer [Abstract]
Retained earnings available for dividend declaration	$ 25.4
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	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary of Loans [Roll Forward]
Balance Beginning of the Period	$ 1,055	$ 6,897	$ 6,897
Additions	0		2,613
Collections/ Terminations	(1,055)		(8,455)
Balance End of the Period	0		$ 1,055
Haines Realty Investments Company, LLC [Member]
Sale of subsidiary [Abstract]
Lease expense	$ 46	$ 46

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Common Stock [Member]
Share-based Compensation [Abstract]
Shares acquired and canceled (in shares)	(793,094)	0
Shares acquired and canceled	$ (8)	$ 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	$ (6,807)	0
Retained Earnings [Member] | Employees [Member]
Share-based Compensation [Abstract]
Shares acquired and canceled	$ (2,600)
Percentage of employee's compensation matched by company	5.00%
Defined benefit plan, employer contribution	$ 45	66
Percentage of contribution in shares by largest shareholder	6.50%
Number of shares contributed by the largest shareholder (in shares)	656,925
Stock-based compensation expense	$ 180	$ 171
Shares acquired and canceled (in shares)	(793,094)	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	$ 180	$ 171
Unearned stock-based compensation expense [Abstract]
Risk-free interest rate	1.71%
Dividend yield	2.20%
Stock price volatility	41.27%
Expected term	7 years 6 months 4 days
2018 Equity Incentive Plan [Member] | RSUs [Member]
Share-based Compensation [Abstract]
Unrecognized compensation expense	$ 2,300
Period for recognition of compensation cost not yet recognized	3 years 8 months 26 days
Restricted Stock Units [Roll Forward]
Outstanding, beginning of the period (in shares)	104,000
Shares granted (in shares)	31,000
Shares settled (in shares)	0
Shares forfeited (in shares)	0
Outstanding, end of the period (in shares)	135,000
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 19.09
Shares granted (in dollars per share)	18.49
Shares settled (in dollars per share)	0
Shares forfeited (in dollars per share)	0
Outstanding, end of period (in dollars per share)	$ 18.95
2018 Equity Incentive Plan [Member] | Stock Option [Member]
Share-based Compensation [Abstract]
Vesting period	4 years
Unrecognized compensation expense	$ 501
Unvested and unexercised stock options (in shares)	189,500
Period for recognition of compensation cost not yet recognized	2 years 11 months 12 days
Stock Option Activity [Roll Forward]
Outstanding at beginning of period (in shares)	163,000
Options granted (in shares)	26,500
Options exercised (in shares)	0
Options forfeited (in shares)	(3,000)
Outstanding at end of period (in shares)	186,500
Exercisable at end of period (in shares)	399,375
Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of period (in dollars per share)	$ 18.75
Options granted (in dollars per share)	18.49
Options exercised (in dollars per share)	0
Options forfeited (in dollars per share)	17.42
Outstanding at end of period (in dollars per share)	$ 18.73
Options, Additional Disclosures [Abstract]
Weighted average remaining contractual term, Outstanding	8 years 8 months 12 days
Weighted average remaining contractual term, Exercisable	8 years 6 months 7 days
Aggregate intrinsic value, Outstanding	$ 0
Aggregate intrinsic value, Exercisable	$ 0
2018 Equity Incentive Plan [Member] | Minimum [Member] | RSUs [Member]
Share-based Compensation [Abstract]
Vesting period	3 years
2018 Equity Incentive Plan [Member] | Maximum [Member] | RSUs [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	Mar. 31, 2020	Dec. 31, 2019
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)	1,732	1,783
Level 1 [Member] | Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	0	0
Level 2 [Member] | Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	0	0
Level 3 [Member] | Nonrecurring Basis [Member]
Asset measured at fair value on nonrecurring basis [Abstract]
Impaired loans (collateral-dependent)	$ 1,732	$ 1,783

Disclosures About Fair Value _4

Disclosures About Fair Value of Assets and Liabilities, Quantitative Information (Details) - Nonrecurring Basis [Member] $ in Thousands	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans	$ 1,732	$ 1,783
Level 3 [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans	$ 1,732	$ 1,783
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	0.03
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	0.05

Disclosures About Fair Value _5

Disclosures About Fair Value of Assets and Liabilities, Financial Instruments not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and due from banks	$ 148,626	$ 117,128
Interest-bearing time deposits in other banks	30,102	30,147
Loans, net of allowance	777,220	699,458
Mortgage loans held for sale		1,031
Nonmarketable equity securities	1,089	1,100
Interest receivable	3,857	3,954
Financial Liabilities [Abstract]
Deposits	870,956	757,483
Interest payable	465	636
Fair Value [Member]
Financial Assets [Abstract]
Cash and due from banks	148,626	117,128
Interest-bearing time deposits in other banks	30,102	30,147
Loans, net of allowance	777,351	700,481
Mortgage loans held for sale		1,031
Nonmarketable equity securities	1,089	1,100
Interest receivable	3,857	3,954
Financial Liabilities [Abstract]
Deposits	870,615	757,520
Interest payable	465	636
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and due from banks	148,626	117,128
Interest-bearing time deposits in other banks	0	0
Loans, net of allowance	0	0
Mortgage loans held for sale		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	30,102	30,147
Loans, net of allowance	775,619	698,672
Mortgage loans held for sale		1,031
Nonmarketable equity securities	1,089	1,100
Interest receivable	3,857	3,954
Financial Liabilities [Abstract]
Deposits	870,615	757,520
Interest payable	465	636
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	1,732	1,809
Mortgage loans held for sale		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	Mar. 31, 2020	Dec. 31, 2019
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	$ 190,752	$ 194,797
Commitments to Extend Credit [Member]
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	187,226	191,459
Financial and Performance Standby Letters of Credit [Member]
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	$ 3,526	$ 3,338

Significant Estimates and Con_2

Significant Estimates and Concentrations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Significant Estimates of Loans [Abstract]
Outstanding balance	$ 787,495	$ 708,668
Goodwill	1,000
Hospitality Loans [Member]
Significant Estimates of Loans [Abstract]
Unfunded commitments	$ 55,400
Hospitality Loans [Member] | Gross Loans [Member]
Significant Estimates of Loans [Abstract]
Percentage of gross loans	22.00%
Outstanding balance	$ 175,500
Energy Loans [Member]
Significant Estimates of Loans [Abstract]
Unfunded commitments	$ 15,100
Energy Loans [Member] | Gross Loans [Member]
Significant Estimates of Loans [Abstract]
Percentage of gross loans	12.00%
Outstanding balance	$ 96,200