Bank7 (BSVN) 10-Q 11 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 11, 2021
Cover [Abstract]
Entity Registrant Name	Bank7 Corp.
Entity Central Index Key	0001746129
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Address, State or Province	OK
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,049,256

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 170,132	$ 153,901
Interest-bearing time deposits in other banks	6,963	16,412
Loans, net of allowance for loan losses of $10,864 and $9,639 at March 31, 2021 and December 31, 2020, respectively	850,544	826,974
Loans held for sale, at fair value	0	324
Premises and equipment, net	9,053	9,151
Nonmarketable equity securities	1,187	1,172
Goodwill and other intangibles, net	1,536	1,583
Interest receivable and other assets	6,661	7,152
Total assets	1,046,076	1,016,669
Deposits
Noninterest-bearing	269,087	246,569
Interest-bearing	659,942	658,945
Total deposits	929,029	905,514
Income taxes payable	2,050	9
Interest payable and other liabilities	3,267	3,827
Total liabilities	934,346	909,350
Shareholders' equity
Preferred stock, par value $0.01 per share, 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock	90	90
Additional paid-in capital	93,464	93,162
Retained earnings	18,176	14,067
Total shareholders' equity	111,730	107,319
Total liabilities and shareholders' equity	1,046,076	1,016,669
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, 2021	Dec. 31, 2020
Assets
Allowance for loan losses	$ 10,864	$ 9,639
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)	9,049,256	9,044,765
Common stock, shares outstanding (in shares)	9,049,256	9,044,765
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, 2021	Mar. 31, 2020
Interest Income
Loans, including fees	$ 13,094	$ 13,106
Interest-bearing time deposits in other banks	68	162
Interest-bearing deposits in other banks	26	239
Total interest income	13,188	13,507
Interest Expense
Deposits	875	2,075
Total interest expense	875	2,075
Net Interest Income	12,313	11,432
Provision for Loan Losses	1,275	650
Net Interest Income After Provision for Loan Losses	11,038	10,782
Noninterest Income
Secondary market income	14	38
Service charges on deposit accounts	120	119
Other	203	173
Total noninterest income	337	330
Noninterest Expense
Salaries and employee benefits	2,790	2,474
Furniture and equipment	202	216
Occupancy	472	461
Data and item processing	279	276
Accounting, marketing and legal fees	148	126
Regulatory assessments	141	23
Advertising and public relations	34	269
Travel, lodging and entertainment	89	53
Other	390	455
Total noninterest expense	4,545	4,353
Income Before Taxes	6,830	6,759
Income tax expense	1,726	1,708
Net Income	$ 5,104	$ 5,051
Earnings per common share - basic (in dollars per share)	$ 0.56	$ 0.51
Earnings per common share - diluted (in dollars per share)	$ 0.56	$ 0.51
Weighted average common shares outstanding - basic (in shares)	9,049,007	9,972,899
Weighted average common shares outstanding - diluted (in shares)	9,058,685	9,972,899

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 at Dec. 31, 2019	$ 101	$ 92,391	$ 7,634
Balance (in shares) at Dec. 31, 2019	10,057,506
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			5,051	$ 5,051
Shares issued for restricted stock units (in shares)	0
Common stock acquired and canceled (in shares)	(793,094)
Common stock acquired and canceled	$ (8)		(6,807)
Stock-based compensation expense		180
Cash dividends declared ($0.11 and $0.10 per share for March 31, 2021 and 2020, respectively)			(926)
Balance at Mar. 31, 2020	$ 93	92,571	4,952	97,616
Balance (in shares) at Mar. 31, 2020	9,264,412
Balance at Dec. 31, 2020	$ 90	93,162	14,067	107,319
Balance (in shares) at Dec. 31, 2020	9,044,765
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			5,104	$ 5,104
Shares issued for restricted stock units (in shares)	4,491
Common stock acquired and canceled (in shares)	0			(793,094)
Common stock acquired and canceled	$ 0		0
Stock-based compensation expense		302
Cash dividends declared ($0.11 and $0.10 per share for March 31, 2021 and 2020, respectively)			(995)
Balance at Mar. 31, 2021	$ 90	$ 93,464	$ 18,176	$ 111,730
Balance (in shares) at Mar. 31, 2021	9,049,256

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Unaudited Condensed Consolidated Statements of Shareholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.11	$ 0.10

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating Activities
Net income	$ 5,104	$ 5,051
Items not requiring (providing) cash
Depreciation and amortization	262	270
Provision for loan losses	1,275	650
Gain on sales of loans	(14)	(38)
Stock-based compensation expense	302	180
Cash receipts from the sale of loans originated for sale	2,267	2,440
Cash disbursements for loans originated for sale	(1,929)	(1,371)
Deferred income tax benefit	(314)	(20)
Changes in
Interest receivable and other assets	805	203
Interest payable and other liabilities	1,481	1,098
Net cash provided by operating activities	9,239	8,463
Investing Activities
Maturities of interest-bearing time deposits in other banks	9,449	12,723
Purchases of interest-bearing time deposits in other banks	0	(12,678)
Net change in loans	(24,845)	(78,412)
Purchases of premises and equipment	(117)	(238)
Change in nonmarketable equity securities	(15)	11
Net cash used in investing activities	(15,528)	(78,594)
Financing Activities
Net change in deposits	23,515	113,473
Cash distributions	(995)	(5,029)
Common stock acquired and canceled	0	(6,815)
Net cash provided by financing activities	22,520	101,629
Increase in Cash and Due from Banks	16,231	31,498
Cash and Due from Banks, Beginning of Period	153,901	117,128
Cash and Due from Banks, End of Period	170,132	148,626
Supplemental Disclosure of Cash Flows Information
Interest paid	969	2,245
Dividends declared and not paid	$ 995	$ 926

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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, 2020, the date of the most recent annual report. The condensed consolidated balance sheet of the Company as of December 31, 2020 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, 2020, 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, 2021, there were no repurchased shares under the Company’s 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. 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, 2021. 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 significant 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 fourth 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. 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. In April 2020, the Company began originating loans to qualified small businesses under the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA). PPP loans are fully guaranteed by the SBA and thus have a zero percent risk weight under applicable risk-based capital rules. As of March 31, 2021, the Company had 401 PPP loans with balances totaling $64.7 million. 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, 2021
Restriction on Cash and Due from Banks [Abstract]
Restriction on Cash and Due from Banks	Note 2: Restriction on Cash and Due from Banks On March 26, 2020, the Federal Reserve Board reduced reserve requirement ratios to zero percent, effectively eliminating reserve requirements for all depository institutions.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
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, 2021 2020 (Dollars in thousands, except per share amounts) Numerator Net income $ 5,104 $ 5,051 Denominator Weighted-average shares outstanding for basic earnings per share 9,049,007 9,972,899 Dilutive effect of stock compensation (1) 9,678 - Denominator for diluted earnings per share 9,058,685 9,972,899 Earnings per common share Basic $ 0.56 $ 0.51 Diluted $ 0.56 $ 0.51 (1) The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Nonqualified stock options outstanding of 265,750 and 186,500 for the three month periods ended March 31, 2021 and 2020, respectively; Restricted stock units of 30,000 for the three month period ended March 31, 2021

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020, are as follows (dollars in thousands): March 31, 2021 December 31, 2020 Construction & development $ 108,714 $ 107,855 1 - 4 family real estate 34,454 29,079 Commercial real estate - other 308,399 290,489 Total commercial real estate 451,567 427,423 Commercial & industrial 361,440 351,248 Agricultural 42,346 50,519 Consumer 8,907 9,898 Gross loans 864,260 839,088 Less allowance for loan losses (10,864 ) (9,639 ) Less deferred loan fees (2,852 ) (2,475 ) Net loans $ 850,544 $ 826,974 Included in the commercial & industrial loan balance are $64.7 million and $44.9 million of loans that were originated under the SBA PPP program as of March 31, 2021 and December 31, 2020, respectively. The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three months ended March 31, 2021 and 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Balance, beginning of period $ 1,239 $ 334 $ 3,337 $ 4,035 $ 580 $ 114 $ 9,639 Charge-offs - - - - - (50 ) (50 ) Recoveries - - - - - - - Net charge-offs - - - - - (50 ) (50 ) Provision (credit) for loan losses 128 99 540 508 (48 ) 48 1,275 Balance, end of period $ 1,367 $ 433 $ 3,877 $ 4,543 $ 532 $ 112 $ 10,864 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 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, 2021 and December 31, 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ - $ 171 $ - $ - $ 171 Collectively evaluated for impairment 1,367 433 3,877 4,372 532 112 10,693 Total $ 1,367 $ 433 $ 3,877 $ 4,543 $ 532 $ 112 $ 10,864 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 7,974 $ 14,290 $ 409 $ 188 $ 22,861 Collectively evaluated for impairment 108,714 34,454 300,425 347,150 41,937 8,719 841,399 Total $ 108,714 $ 34,454 $ 308,399 $ 361,440 $ 42,346 $ 8,907 $ 864,260 December 31, 2020 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ - $ 177 $ - $ - $ 177 Collectively evaluated for impairment 1,239 334 3,337 3,858 580 114 9,462 Total $ 1,239 $ 334 $ 3,337 $ 4,035 $ 580 $ 114 $ 9,639 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 8,054 $ 14,601 $ 468 $ - $ 23,123 Collectively evaluated for impairment 107,855 29,079 282,435 336,647 50,051 9,898 815,965 Total $ 107,855 $ 29,079 $ 290,489 $ 351,248 $ 50,519 $ 9,898 $ 839,088 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, 2021. The following table presents the credit risk profile of the Company’s loan portfolio based on internal rating category as of March 31, 2021 and December 31, 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Grade 1 (Pass) $ 108,714 $ 34,331 $ 246,748 $ 339,922 $ 41,937 $ 8,719 $ 780,371 2 (Watch) - 123 43,326 6,561 - - 50,010 3 (Special Mention) - - 10,351 667 - - 11,018 4 (Substandard) - - 7,974 14,290 409 188 22,861 Total $ 108,714 $ 34,454 $ 308,399 $ 361,440 $ 42,346 $ 8,907 $ 864,260 Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2020 Grade 1 (Pass) $ 107,855 $ 28,711 $ 248,194 $ 328,656 $ 50,051 $ 9,898 $ 773,365 2 (Watch) - 368 24,155 7,691 - - 32,214 3 (Special Mention) - - 10,086 300 - - 10,386 4 (Substandard) - - 8,054 14,601 468 - 23,123 Total $ 107,855 $ 29,079 $ 290,489 $ 351,248 $ 50,519 $ 9,898 $ 839,088 The following table presents the Company’s loan portfolio aging analysis of the recorded investment in loans as of March 31, 2021 and December 31, 2020 (dollars in thousands): Past Due 30–59 Days 60–89 Days Greater than 90 Days Total Current Total Loans Total Loans > 90 Days & Accruing March 31, 2021 Construction & development $ - $ - $ - $ - $ 108,714 $ 108,714 $ - 1 - 4 Family Real Estate - - - - 34,454 34,454 - Commercial Real Estate - other - - 1,960 1,960 306,439 308,399 1,960 Commercial & industrial - 21 - 21 361,419 361,440 - Agricultural - 76 - 76 42,270 42,346 - Consumer 188 - - 188 8,719 8,907 - Total $ 188 $ 97 $ 1,960 $ 2,245 $ 862,015 $ 864,260 $ 1,960 December 31, 2020 Construction & development $ 714 $ - $ - $ 714 $ 107,141 $ 107,855 $ - 1 - 4 Family Real Estate - - - - 29,079 29,079 - Commercial Real Estate - other 1,444 - 1,960 3,404 287,085 290,489 1,960 Commercial & industrial - - - - 351,248 351,248 - Agricultural - - - - 50,519 50,519 - Consumer 193 - - 193 9,705 9,898 - Total $ 2,351 $ - $ 1,960 $ 4,311 $ 834,777 $ 839,088 $ 1,960 The following table presents impaired loans as of March 31, 2021 and December 31, 2020 (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, 2021 March 31, 2021 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - - - Commercial Real Estate - other 8,321 7,974 - 7,974 - 8,001 122 Commercial & industrial 17,909 14,119 171 14,290 171 14,336 202 Agricultural 709 409 - 409 - 409 - Consumer 238 188 - 188 - 63 - Total $ 27,177 $ 22,690 $ 171 $ 22,861 $ 171 $ 22,809 $ 324 December 31, 2020 Three Months Ended March 31, 2020 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - - - Commercial Real Estate - other 8,353 8,054 - 8,054 - 3,926 71 Commercial & industrial 18,082 14,424 177 14,601 177 4,093 181 Agricultural 768 468 - 468 - 2,847 38 Consumer - - - - - - - Total $ 27,203 $ 22,946 $ 177 $ 23,123 $ 177 $ 10,866 $ 290 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, 2021, the Company had $1.6 million of commercial real estate loans, $10.8 million of commercial industrial, and $409,000 of agricultural loans that were modified in troubled-debt restructurings and impaired, compared to $1.6 million of commercial real estate, $10.9 million of commercial and industrial, and $469,000 of agricultural loans that were modified in troubled-debt restructurings and impaired as of December 31, 2020. 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, 2021. The following table represents information regarding nonperforming assets at March 31, 2021 and December 31, 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Nonaccrual loans $ - $ - $ 2,898 $ 10,922 $ 409 $ 188 $ 14,417 Troubled-debt restructurings (1) - - - - - - - Accruing loans 90 or more days past due - - 1,960 - - - 1,960 Total nonperforming loans $ - $ - $ 4,858 $ 10,922 $ 409 $ 188 $ 16,377 Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2020 Nonaccrual loans $ - $ - $ 3,043 $ 11,063 $ 469 $ - $ 14,575 Troubled-debt restructurings (1) - - - - - - - Accruing loans 90 or more days past due - - 1,960 - - - 1,960 Total nonperforming loans $ - $ - $ 5,003 $ 11,063 $ 469 $ - $ 16,535 (1) $12.71 million and $12.98 million of TDRs as of March 31, 2021 and December 31, 2020, 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) January 1, 2022. 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. As of March 31, 2021, seven loans totaling $42.3 million were modified, related to COVID-19, which were not considered troubled debt restructurings.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2021
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, and on November 2, 2020, approved a 750,000 share expansion to the existing stock repurchase program, for a total of 1,750,000 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, 2021, there were 717,822 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, 2021 2020 Number of shares repurchased - 793,094 Average price of shares repurchased $ - $ 8.59 Shares remaining to be repurchased 717,822 206,906 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, 2021, 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, 2021, 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. In April 2020, we began originating loans to qualified small businesses under the PPP administered by the SBA. Federal bank regulatory agencies have issued an interim final rule that permits banks to neutralize the regulatory capital effects of participating in the Paycheck Protection Program Lending Facility (the “PPP Facility”) and clarify that PPP loans have a zero percent risk weight under applicable risk-based capital rules. Specifically, a bank may exclude all PPP loans pledged as collateral to the PPP Facility from its average total consolidated assets for the purposes of calculating its leverage ratio, while PPP loans that are not pledged as collateral to the PPP Facility will be included. The PPP loans of $64.7 million we originated are included in the calculation of our leverage ratio as of as we did not utilize the PPP Facility for funding purposes. 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, 2021 Total capital to risk-weighted assets Company $ 119,986 15.34 % $ 62,583 8.00 % $ 82,140 10.50 % N/A N/A Bank 119,933 15.35 % 62,501 8.00 % 82,033 10.50 % $ 78,126 10.00 % Tier I capital to risk-weighted assets Company 110,194 14.09 % 46,937 6.00 % 66,494 8.50 % N/A N/A Bank 110,154 14.10 % 46,876 6.00 % 66,407 8.50 % 62,501 8.00 % CET I capital to risk-weighted assets Company 110,194 14.09 % 35,203 4.50 % 54,760 7.00 % N/A N/A Bank 110,154 14.10 % 35,157 4.50 % 54,688 7.00 % 50,782 6.50 % Tier I capital to average assets Company 110,194 11.23 % 39,255 4.00 % N/A N/A N/A N/A Bank 110,154 11.23 % 39,229 4.00 % N/A N/A 49,036 5.00 % As of December 31, 2020 Total capital to risk-weighted assets Company $ 115,375 14.73 % $ 62,641 8.00 % $ 82,216 10.50 % N/A N/A Bank 115,335 14.75 % 62,563 8.00 % 82,114 10.50 % $ 78,204 10.00 % Tier I capital to risk-weighted assets Company 105,736 13.50 % 46,981 6.00 % 66,556 8.50 % N/A N/A Bank 105,696 13.51 % 46,922 6.00 % 66,473 8.50 % 62,563 8.00 % CET I capital to risk-weighted assets Company 105,736 13.50 % 35,236 4.50 % 54,811 7.00 % N/A N/A Bank 105,696 13.51 % 35,192 4.50 % 54,743 7.00 % 50,832 6.50 % Tier I capital to average assets Company 105,736 10.78 % 39,218 4.00 % N/A N/A N/A N/A Bank 105,696 10.78 % 39,233 4.00 % N/A N/A 49,041 5.00 % The federal banking agencies require that banking organizations meet several risk-based capital adequacy requirements. The current risk-based capital standards applicable to the Company and the Bank are based on the Basel III Capital Rules established by the Basel Committee on Banking Supervision (the “Basel Committee”). The Basel Committee is a committee of central banks and bank supervisors/regulators from the major industrialized countries that develops broad policy guidelines for use by each country’s supervisors in determining the supervisory policies they apply. The requirements are intended to ensure that banking organizations have adequate capital given the risk levels of assets and off-balance sheet financial instruments. The Basel III Capital Rules require the Bank and the Company to comply with four minimum capital standards: a Tier 1 leverage ratio of at least 4.0%; a CET1 to risk-weighted assets of 4.5%; a Tier 1 capital to risk-weighted assets of at least 6.0%; and a total capital to risk-weighted assets of at least 8.0%. The calculation of all types of regulatory capital is subject to definitions, deductions and adjustments specified in the regulations. The Basel III Capital Rules also require a “capital conservation buffer” of 2.5% above the regulatory minimum risk-based capital requirements. The capital conservation buffer is designed to absorb losses during periods of economic stress and effectively increases the minimum required risk-weighted capital ratios. Banking institutions with a ratio of CET1 to risk-weighted assets below the effective minimum (4.5% plus the capital conservation buffer) are subject to limitations on certain activities, including payment of dividends, share repurchases and discretionary bonuses to executive officers based on the amount of the shortfall. As of March 31, 2021, the Company’s and the Bank’s capital ratios exceeded the minimum capital adequacy guideline percentage requirements under the Basel III Capital Rules on a fully phased-in basis. The Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. At March 31, 2021, approximately $21.4 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, 2021
Related-Party Transactions [Abstract]
Related-Party Transactions	Note 6: Related-Party Transactions At March 31, 2021 and December 31, 2020, the Company had loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) approximating $0. A summary of the activity related to 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, 2021 $ - $ - $ - $ - Year ended December 31, 2020 $ 1,055 $ - $ (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, 2021 and 2020. 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, 2021
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, 2021 and 2020 totaled $65,000 and $45,000, 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, 2021 and 2020 totaled $302,000 and $180,000, respectively. There were 689,050 shares available for future grants as of March 31, 2021. 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, 2021 Outstanding at December 31, 2020 185,250 $ 18.73 Options Granted 80,500 14.31 Options Exercised - - Options Forfeited - - Outstanding at March 31, 2021 265,750 17.39 8.32 $ 278,100 Exercisable at March 31, 2021 85,682 18.76 7.61 $ 6,225 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, 2021 March 31, 2020 Risk-free interest rate 0.52 % 1.71 % Dividend yield 2.89 % 2.20 % Stock price volatility 66.67 % 41.27 % Expected term 6.41 7.51 The following table summarizes share information about RSUs for the three months ended March 31, 2021: Three Months Ended March 31, 2021 Number of Shares Wgtd. Avg. Grant Date Fair Value Outstanding at December 31, 2020 118,000 $ 18.09 Shares granted 25,200 14.31 Shares settled (6,398 ) 18.49 Shares forfeited - - End of the period balance 136,802 $ 17.37 As of March 31, 2021, there was approximately $2.1 million of unrecognized compensation expense related to 136,802 unvested RSUs and $834,000 of unrecognized compensation expense related to 265,750 unvested and/or unexercised stock options. The stock option expense is expected to be recognized over a weighted average period of 3.09 years, and the RSU expense is expected to be recognized over a weighted average period of 3.00 years.

Disclosures About Fair Value of

Disclosures About Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020. 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, 2021 and December 31, 2020 (dollars in thousands): Fair Value (Level 1) (Level 2) (Level 3) March 31, 2021 Impaired loans (collateral- dependent) $ 188 $ - $ - $ 188 December 31, 2020 Impaired loans (collateral- dependent) $ 11,358 $ - $ - $ 11,358 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, 2021 Collateral-dependent impaired loans $ 188 Appraisals from comparable properties Estimated cost to sell 3-5 % December 31, 2020 Collateral-dependent impaired loans $ 11,358 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, 2021 and December 31, 2020 (dollars in thousands): Fair Value Measurements Carrying Amount Level 1 Level 2 Level 3 Total March 31, 2021 Financial Assets Cash and due from banks $ 170,132 $ 170,132 $ - $ - $ 170,132 Interest-bearing time deposits in other banks 6,963 - 6,963 - 6,963 Loans, net of allowance 850,544 - 849,804 188 849,992 Nonmarketable equity securities 1,187 - 1,187 - 1,187 Interest receivable 3,526 - 3,526 - 3,526 Financial Liabilities Deposits $ 929,029 $ - $ 928,307 $ - $ 928,307 Interest payable 192 - 192 - 192 December 31, 2020 Financial Assets Cash and due from banks $ 153,901 $ 153,901 $ - $ - $ 153,901 Interest-bearing time deposits in other banks 16,412 - 16,412 - 16,412 Loans, net of allowance 826,974 - 815,223 11,358 826,581 Mortgage loans held for sale 324 - 324 - 324 Nonmarketable equity securities 1,172 - 1,172 - 1,172 Interest receivable 4,365 - 4,365 - 4,365 Financial Liabilities Deposits $ 905,514 $ - $ 904,928 $ - $ 904,928 Interest payable 286 - 286 - 286 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 Company determines fair value of loans by using exit market assumptions including factors such as liquidity, credit quality and risk of nonperformance. The fair value 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, 2021 and December 31, 2020.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020 (dollars in thousands): March 31, 2021 December 31, 2020 Commitments to extend credit $ 208,395 $ 206,520 Financial and performance standby letters of credit 2,198 2,366 $ 210,593 $ 208,886 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, 2021
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, 2021, hospitality loans were 24% of gross total loans with outstanding balances of $208.3 million and unfunded commitments of $62.0 million; energy loans were 11% of gross total loans with outstanding balances of $93.3 million and unfunded commitments of $10.0 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, 2021, 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, 2021
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, 2020, the date of the most recent annual report. The condensed consolidated balance sheet of the Company as of December 31, 2020 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, 2020, 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, 2021, there were no repurchased shares under the Company’s 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.
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, 2021. 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 significant 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 fourth 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.
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. In April 2020, the Company began originating loans to qualified small businesses under the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA). PPP loans are fully guaranteed by the SBA and thus have a zero percent risk weight under applicable risk-based capital rules. As of March 31, 2021, the Company had 401 PPP loans with balances totaling $64.7 million. 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, 2021
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, 2021 2020 (Dollars in thousands, except per share amounts) Numerator Net income $ 5,104 $ 5,051 Denominator Weighted-average shares outstanding for basic earnings per share 9,049,007 9,972,899 Dilutive effect of stock compensation (1) 9,678 - Denominator for diluted earnings per share 9,058,685 9,972,899 Earnings per common share Basic $ 0.56 $ 0.51 Diluted $ 0.56 $ 0.51 (1) The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Nonqualified stock options outstanding of 265,750 and 186,500 for the three month periods ended March 31, 2021 and 2020, respectively; Restricted stock units of 30,000 for the three month period ended March 31, 2021

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Loans and Allowance for Loan Losses [Abstract]
Summary of Loans	A summary of loans at March 31, 2021 and December 31, 2020, are as follows (dollars in thousands): March 31, 2021 December 31, 2020 Construction & development $ 108,714 $ 107,855 1 - 4 family real estate 34,454 29,079 Commercial real estate - other 308,399 290,489 Total commercial real estate 451,567 427,423 Commercial & industrial 361,440 351,248 Agricultural 42,346 50,519 Consumer 8,907 9,898 Gross loans 864,260 839,088 Less allowance for loan losses (10,864 ) (9,639 ) Less deferred loan fees (2,852 ) (2,475 ) Net loans $ 850,544 $ 826,974
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, 2021 and 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Balance, beginning of period $ 1,239 $ 334 $ 3,337 $ 4,035 $ 580 $ 114 $ 9,639 Charge-offs - - - - - (50 ) (50 ) Recoveries - - - - - - - Net charge-offs - - - - - (50 ) (50 ) Provision (credit) for loan losses 128 99 540 508 (48 ) 48 1,275 Balance, end of period $ 1,367 $ 433 $ 3,877 $ 4,543 $ 532 $ 112 $ 10,864 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 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, 2021 and December 31, 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ - $ 171 $ - $ - $ 171 Collectively evaluated for impairment 1,367 433 3,877 4,372 532 112 10,693 Total $ 1,367 $ 433 $ 3,877 $ 4,543 $ 532 $ 112 $ 10,864 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 7,974 $ 14,290 $ 409 $ 188 $ 22,861 Collectively evaluated for impairment 108,714 34,454 300,425 347,150 41,937 8,719 841,399 Total $ 108,714 $ 34,454 $ 308,399 $ 361,440 $ 42,346 $ 8,907 $ 864,260 December 31, 2020 Allowance Balance Ending balance Individually evaluated for impairment $ - $ - $ - $ 177 $ - $ - $ 177 Collectively evaluated for impairment 1,239 334 3,337 3,858 580 114 9,462 Total $ 1,239 $ 334 $ 3,337 $ 4,035 $ 580 $ 114 $ 9,639 Gross Loans Ending balance Individually evaluated for impairment $ - $ - $ 8,054 $ 14,601 $ 468 $ - $ 23,123 Collectively evaluated for impairment 107,855 29,079 282,435 336,647 50,051 9,898 815,965 Total $ 107,855 $ 29,079 $ 290,489 $ 351,248 $ 50,519 $ 9,898 $ 839,088
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, 2021 and December 31, 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Grade 1 (Pass) $ 108,714 $ 34,331 $ 246,748 $ 339,922 $ 41,937 $ 8,719 $ 780,371 2 (Watch) - 123 43,326 6,561 - - 50,010 3 (Special Mention) - - 10,351 667 - - 11,018 4 (Substandard) - - 7,974 14,290 409 188 22,861 Total $ 108,714 $ 34,454 $ 308,399 $ 361,440 $ 42,346 $ 8,907 $ 864,260 Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2020 Grade 1 (Pass) $ 107,855 $ 28,711 $ 248,194 $ 328,656 $ 50,051 $ 9,898 $ 773,365 2 (Watch) - 368 24,155 7,691 - - 32,214 3 (Special Mention) - - 10,086 300 - - 10,386 4 (Substandard) - - 8,054 14,601 468 - 23,123 Total $ 107,855 $ 29,079 $ 290,489 $ 351,248 $ 50,519 $ 9,898 $ 839,088
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, 2021 and December 31, 2020 (dollars in thousands): Past Due 30–59 Days 60–89 Days Greater than 90 Days Total Current Total Loans Total Loans > 90 Days & Accruing March 31, 2021 Construction & development $ - $ - $ - $ - $ 108,714 $ 108,714 $ - 1 - 4 Family Real Estate - - - - 34,454 34,454 - Commercial Real Estate - other - - 1,960 1,960 306,439 308,399 1,960 Commercial & industrial - 21 - 21 361,419 361,440 - Agricultural - 76 - 76 42,270 42,346 - Consumer 188 - - 188 8,719 8,907 - Total $ 188 $ 97 $ 1,960 $ 2,245 $ 862,015 $ 864,260 $ 1,960 December 31, 2020 Construction & development $ 714 $ - $ - $ 714 $ 107,141 $ 107,855 $ - 1 - 4 Family Real Estate - - - - 29,079 29,079 - Commercial Real Estate - other 1,444 - 1,960 3,404 287,085 290,489 1,960 Commercial & industrial - - - - 351,248 351,248 - Agricultural - - - - 50,519 50,519 - Consumer 193 - - 193 9,705 9,898 - Total $ 2,351 $ - $ 1,960 $ 4,311 $ 834,777 $ 839,088 $ 1,960
Impaired Loans	The following table presents impaired loans as of March 31, 2021 and December 31, 2020 (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, 2021 March 31, 2021 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - - - Commercial Real Estate - other 8,321 7,974 - 7,974 - 8,001 122 Commercial & industrial 17,909 14,119 171 14,290 171 14,336 202 Agricultural 709 409 - 409 - 409 - Consumer 238 188 - 188 - 63 - Total $ 27,177 $ 22,690 $ 171 $ 22,861 $ 171 $ 22,809 $ 324 December 31, 2020 Three Months Ended March 31, 2020 Construction & development $ - $ - $ - $ - $ - $ - $ - 1 - 4 Family Real Estate - - - - - - - Commercial Real Estate - other 8,353 8,054 - 8,054 - 3,926 71 Commercial & industrial 18,082 14,424 177 14,601 177 4,093 181 Agricultural 768 468 - 468 - 2,847 38 Consumer - - - - - - - Total $ 27,203 $ 22,946 $ 177 $ 23,123 $ 177 $ 10,866 $ 290
Information Regarding Nonperforming Assets	The following table represents information regarding nonperforming assets at March 31, 2021 and December 31, 2020 (dollars in thousands): Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total March 31, 2021 Nonaccrual loans $ - $ - $ 2,898 $ 10,922 $ 409 $ 188 $ 14,417 Troubled-debt restructurings (1) - - - - - - - Accruing loans 90 or more days past due - - 1,960 - - - 1,960 Total nonperforming loans $ - $ - $ 4,858 $ 10,922 $ 409 $ 188 $ 16,377 Construction & Development 1 - 4 Family Real Estate Commercial Real Estate - Other Commercial & Industrial Agricultural Consumer Total December 31, 2020 Nonaccrual loans $ - $ - $ 3,043 $ 11,063 $ 469 $ - $ 14,575 Troubled-debt restructurings (1) - - - - - - - Accruing loans 90 or more days past due - - 1,960 - - - 1,960 Total nonperforming loans $ - $ - $ 5,003 $ 11,063 $ 469 $ - $ 16,535 (1) $12.71 million and $12.98 million of TDRs as of March 31, 2021 and December 31, 2020, respectively, are included in the nonaccrual loans balance in the line above.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Shareholders' Equity [Abstract]
Summary of Activity under Repurchase Plan	A summary of the activity under the RP is as follows: Three Months Ended March 31, 2021 2020 Number of shares repurchased - 793,094 Average price of shares repurchased $ - $ 8.59 Shares remaining to be repurchased 717,822 206,906
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, 2021 Total capital to risk-weighted assets Company $ 119,986 15.34 % $ 62,583 8.00 % $ 82,140 10.50 % N/A N/A Bank 119,933 15.35 % 62,501 8.00 % 82,033 10.50 % $ 78,126 10.00 % Tier I capital to risk-weighted assets Company 110,194 14.09 % 46,937 6.00 % 66,494 8.50 % N/A N/A Bank 110,154 14.10 % 46,876 6.00 % 66,407 8.50 % 62,501 8.00 % CET I capital to risk-weighted assets Company 110,194 14.09 % 35,203 4.50 % 54,760 7.00 % N/A N/A Bank 110,154 14.10 % 35,157 4.50 % 54,688 7.00 % 50,782 6.50 % Tier I capital to average assets Company 110,194 11.23 % 39,255 4.00 % N/A N/A N/A N/A Bank 110,154 11.23 % 39,229 4.00 % N/A N/A 49,036 5.00 % As of December 31, 2020 Total capital to risk-weighted assets Company $ 115,375 14.73 % $ 62,641 8.00 % $ 82,216 10.50 % N/A N/A Bank 115,335 14.75 % 62,563 8.00 % 82,114 10.50 % $ 78,204 10.00 % Tier I capital to risk-weighted assets Company 105,736 13.50 % 46,981 6.00 % 66,556 8.50 % N/A N/A Bank 105,696 13.51 % 46,922 6.00 % 66,473 8.50 % 62,563 8.00 % CET I capital to risk-weighted assets Company 105,736 13.50 % 35,236 4.50 % 54,811 7.00 % N/A N/A Bank 105,696 13.51 % 35,192 4.50 % 54,743 7.00 % 50,832 6.50 % Tier I capital to average assets Company 105,736 10.78 % 39,218 4.00 % N/A N/A N/A N/A Bank 105,696 10.78 % 39,233 4.00 % N/A N/A 49,041 5.00 %

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
Related-Party Transactions [Abstract]
Summary of Loans	A summary of the activity related to 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, 2021 $ - $ - $ - $ - Year ended December 31, 2020 $ 1,055 $ - $ (1,055 ) $ -

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 Outstanding at December 31, 2020 185,250 $ 18.73 Options Granted 80,500 14.31 Options Exercised - - Options Forfeited - - Outstanding at March 31, 2021 265,750 17.39 8.32 $ 278,100 Exercisable at March 31, 2021 85,682 18.76 7.61 $ 6,225
Assumptions Used for Computing Stock-Based Compensation Expense under Fair Value Method	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, 2021 March 31, 2020 Risk-free interest rate 0.52 % 1.71 % Dividend yield 2.89 % 2.20 % Stock price volatility 66.67 % 41.27 % Expected term 6.41 7.51
Restricted Stock Units	The following table summarizes share information about RSUs for the three months ended March 31, 2021: Three Months Ended March 31, 2021 Number of Shares Wgtd. Avg. Grant Date Fair Value Outstanding at December 31, 2020 118,000 $ 18.09 Shares granted 25,200 14.31 Shares settled (6,398 ) 18.49 Shares forfeited - - End of the period balance 136,802 $ 17.37

Disclosures About Fair Value _2

Disclosures About Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020 (dollars in thousands): Fair Value (Level 1) (Level 2) (Level 3) March 31, 2021 Impaired loans (collateral- dependent) $ 188 $ - $ - $ 188 December 31, 2020 Impaired loans (collateral- dependent) $ 11,358 $ - $ - $ 11,358
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, 2021 Collateral-dependent impaired loans $ 188 Appraisals from comparable properties Estimated cost to sell 3-5 % December 31, 2020 Collateral-dependent impaired loans $ 11,358 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, 2021 and December 31, 2020 (dollars in thousands): Fair Value Measurements Carrying Amount Level 1 Level 2 Level 3 Total March 31, 2021 Financial Assets Cash and due from banks $ 170,132 $ 170,132 $ - $ - $ 170,132 Interest-bearing time deposits in other banks 6,963 - 6,963 - 6,963 Loans, net of allowance 850,544 - 849,804 188 849,992 Nonmarketable equity securities 1,187 - 1,187 - 1,187 Interest receivable 3,526 - 3,526 - 3,526 Financial Liabilities Deposits $ 929,029 $ - $ 928,307 $ - $ 928,307 Interest payable 192 - 192 - 192 December 31, 2020 Financial Assets Cash and due from banks $ 153,901 $ 153,901 $ - $ - $ 153,901 Interest-bearing time deposits in other banks 16,412 - 16,412 - 16,412 Loans, net of allowance 826,974 - 815,223 11,358 826,581 Mortgage loans held for sale 324 - 324 - 324 Nonmarketable equity securities 1,172 - 1,172 - 1,172 Interest receivable 4,365 - 4,365 - 4,365 Financial Liabilities Deposits $ 905,514 $ - $ 904,928 $ - $ 904,928 Interest payable 286 - 286 - 286

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020 (dollars in thousands): March 31, 2021 December 31, 2020 Commitments to extend credit $ 208,395 $ 206,520 Financial and performance standby letters of credit 2,198 2,366 $ 210,593 $ 208,886

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)Loan$ / sharesshares	Dec. 31, 2020USD ($)
Stock Repurchase Program [Abstract]
Number of shares repurchased (in shares) | shares	793,094
Average price of shares repurchased (in dollars per share) | $ / shares	$ 8.59
Legislative and Regulatory Developments [Abstract]
Gross loans	$ 864,260	$ 839,088
PPP Loans [Member]
Legislative and Regulatory Developments [Abstract]
Number of loans originated | Loan	401
Gross loans	$ 64,700

Restriction on Cash and Due f_2

Restriction on Cash and Due from Banks (Details) $ in Millions	Mar. 31, 2021USD ($)
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, 2021	Mar. 31, 2020
Numerator [Abstract]
Net income		$ 5,104	$ 5,051
Denominator [Abstract]
Weighted-average shares outstanding for basic earnings per share (in shares)		9,049,007	9,972,899
Dilutive effect of stock compensation (in shares)	[1]	9,678	0
Denominator for diluted earnings per share (in shares)		9,058,685	9,972,899
Earnings per common share [Abstract]
Basic (in dollars per share)		$ 0.56	$ 0.51
Diluted (in dollars per share)		$ 0.56	$ 0.51
Nonqualified Stock Options [Member]
Antidilutive securities [Abstract]
Antidilutive shares excluded from the calculation of earnings per share (in shares)		265,750	186,500
Restricted Stock Units [Member]
Antidilutive securities [Abstract]
Antidilutive shares excluded from the calculation of earnings per share (in shares)		30,000
[1]	The following have not been included in diluted earnings per share because to do so would have been antidilutive for the periods presented: Nonqualified stock options outstanding of 265,750 and 186,500 for the three month periods ended March 31, 2021 and 2020, respectively; Restricted stock units of 30,000 for the three month period ended March 31, 2021.

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses, Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Summary of loans [Abstract]
Gross loans	$ 864,260	$ 839,088
Less allowance for loan losses	(10,864)	(9,639)	$ (8,513)	$ (7,846)
Less deferred loan fees	(2,852)	(2,475)
Net loans	850,544	826,974
PPP Loans [Member]
Summary of loans [Abstract]
Gross loans	64,700
Construction & Development [Member]
Summary of loans [Abstract]
Gross loans	108,714	107,855
Less allowance for loan losses	(1,367)	(1,239)	(944)	(782)
1 - 4 Family Real Estate [Member]
Summary of loans [Abstract]
Gross loans	34,454	29,079
Less allowance for loan losses	(433)	(334)	(376)	(378)
Commercial Real Estate - Other [Member]
Summary of loans [Abstract]
Gross loans	308,399	290,489
Less allowance for loan losses	(3,877)	(3,337)	(3,032)	(3,025)
Commercial Real Estate [Member]
Summary of loans [Abstract]
Gross loans	451,567	427,423
Commercial & Industrial [Member]
Summary of loans [Abstract]
Gross loans	361,440	351,248
Less allowance for loan losses	(4,543)	(4,035)	(3,495)	(2,887)
Commercial & Industrial [Member] | PPP Loans [Member]
Summary of loans [Abstract]
Gross loans	64,700	44,900
Agricultural [Member]
Summary of loans [Abstract]
Gross loans	42,346	50,519
Less allowance for loan losses	(532)	(580)	(551)	(642)
Consumer [Member]
Summary of loans [Abstract]
Gross loans	8,907	9,898
Less allowance for loan losses	$ (112)	$ (114)	$ (115)	$ (132)

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, 2021	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	$ 9,639	$ 7,846
Charge-offs	(50)	0
Recoveries	0	17
Net recoveries (charge-offs)	(50)	17
Provision (credit) for loan losses	1,275	650
Balance, end of period	10,864	8,513
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			$ 171	$ 177
Ending balance, collectively evaluated for impairment			10,693	9,462
Total	10,864	8,513	10,864	9,639
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			22,861	23,123
Ending balance, collectively evaluated for impairment			841,399	815,965
Total			864,260	839,088
Construction & Development [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	1,239	782
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Provision (credit) for loan losses	128	162
Balance, end of period	1,367	944
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			1,367	1,239
Total	1,367	944	1,367	1,239
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			108,714	107,855
Total			108,714	107,855
1 - 4 Family Real Estate [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	334	378
Charge-offs	0	0
Recoveries	0	1
Net recoveries (charge-offs)	0	1
Provision (credit) for loan losses	99	(3)
Balance, end of period	433	376
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			433	334
Total	433	376	433	334
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			34,454	29,079
Total			34,454	29,079
Commercial Real Estate - Other [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	3,337	3,025
Charge-offs	0	0
Recoveries	0	0
Net recoveries (charge-offs)	0	0
Provision (credit) for loan losses	540	7
Balance, end of period	3,877	3,032
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			3,877	3,337
Total	3,877	3,032	3,877	3,337
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			7,974	8,054
Ending balance, collectively evaluated for impairment			300,425	282,435
Total			308,399	290,489
Commercial & Industrial [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	4,035	2,887
Charge-offs	0	0
Recoveries	0	6
Net recoveries (charge-offs)	0	6
Provision (credit) for loan losses	508	602
Balance, end of period	4,543	3,495
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			171	177
Ending balance, collectively evaluated for impairment			4,372	3,858
Total	4,543	3,495	4,543	4,035
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			14,290	14,601
Ending balance, collectively evaluated for impairment			347,150	336,647
Total			361,440	351,248
Agricultural [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	580	642
Charge-offs	0	0
Recoveries	0	10
Net recoveries (charge-offs)	0	10
Provision (credit) for loan losses	(48)	(101)
Balance, end of period	532	551
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			532	580
Total	532	551	532	580
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			409	468
Ending balance, collectively evaluated for impairment			41,937	50,051
Total			42,346	50,519
Consumer [Member]
Activity in allowance for loan losses [Roll Forward]
Balance, beginning of period	114	132
Charge-offs	(50)	0
Recoveries	0	0
Net recoveries (charge-offs)	(50)	0
Provision (credit) for loan losses	48	(17)
Balance, end of period	112	115
Allowance Balance [Abstract]
Ending balance, individually evaluated for impairment			0	0
Ending balance, collectively evaluated for impairment			112	114
Total	$ 112	$ 115	112	114
Gross Loans [Abstract]
Ending balance, individually evaluated for impairment			188	0
Ending balance, collectively evaluated for impairment			8,719	9,898
Total			$ 8,907	$ 9,898

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, 2021	Dec. 31, 2020
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	$ 864,260	$ 839,088
1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	780,371	773,365
2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	50,010	32,214
3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	11,018	10,386
4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	22,861	23,123
Construction & Development [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	108,714	107,855
Construction & Development [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	108,714	107,855
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	34,454	29,079
1 - 4 Family Real Estate [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	34,331	28,711
1 - 4 Family Real Estate [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	123	368
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	308,399	290,489
Commercial Real Estate - Other [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	246,748	248,194
Commercial Real Estate - Other [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	43,326	24,155
Commercial Real Estate - Other [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	10,351	10,086
Commercial Real Estate - Other [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	7,974	8,054
Commercial & Industrial [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	361,440	351,248
Commercial & Industrial [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	339,922	328,656
Commercial & Industrial [Member] | 2 (Watch) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	6,561	7,691
Commercial & Industrial [Member] | 3 (Special Mention) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	667	300
Commercial & Industrial [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	14,290	14,601
Agricultural [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	42,346	50,519
Agricultural [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	41,937	50,051
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	0	0
Agricultural [Member] | 4 (Substandard) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	409	468
Consumer [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	8,907	9,898
Consumer [Member] | 1 (Pass) [Member]
Loans Portfolio based on Internal Rating [Abstract]
Gross loans	8,719	9,898
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	$ 188	$ 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, 2021	Dec. 31, 2020
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	$ 2,245	$ 4,311
Current	862,015	834,777
Total	864,260	839,088
Total Loans > 90 Days & Accruing	1,960	1,960
30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	188	2,351
60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	97	0
Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	1,960	1,960
Construction & Development [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	714
Current	108,714	107,141
Total	108,714	107,855
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	714
Construction & Development [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Construction & Development [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
1 - 4 Family Real Estate [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Current	34,454	29,079
Total	34,454	29,079
Total Loans > 90 Days & Accruing	0	0
1 - 4 Family Real Estate [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
1 - 4 Family Real Estate [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
1 - 4 Family Real Estate [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial Real Estate - Other [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	1,960	3,404
Current	306,439	287,085
Total	308,399	290,489
Total Loans > 90 Days & Accruing	1,960	1,960
Commercial Real Estate - Other [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	1,444
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	1,960	1,960
Commercial & Industrial [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	21	0
Current	361,419	351,248
Total	361,440	351,248
Total Loans > 90 Days & Accruing	0	0
Commercial & Industrial [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Commercial & Industrial [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	21	0
Commercial & Industrial [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Agricultural [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	76	0
Current	42,270	50,519
Total	42,346	50,519
Total Loans > 90 Days & Accruing	0	0
Agricultural [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Agricultural [Member] | 60-89 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	76	0
Agricultural [Member] | Greater than 90 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	0	0
Consumer [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	188	193
Current	8,719	9,705
Total	8,907	9,898
Total Loans > 90 Days & Accruing	0	0
Consumer [Member] | 30-59 Days [Member]
Loan Portfolio Aging Analysis of Recorded Investment [Abstract]
Past due	188	193
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) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)Contract	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Impaired Loans [Abstract]
Unpaid principal balance	$ 27,177		$ 27,203
Recorded investment with no allowance	22,690		22,946
Recorded investment with an allowance	171		177
Total recorded investment	22,861		23,123
Related allowance	171		177
Average recorded investment	22,809	$ 10,866
Interest income recognized	324	290
Troubled Debt Restructurings [Abstract]
TDR loans impaired	$ 12,710		12,980
Newly modified troubled-debt restructurings | Contract	0
Troubled debt restructurings modified 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	0
Interest income recognized	0	0
Commercial Real Estate - Other [Member]
Impaired Loans [Abstract]
Unpaid principal balance	8,321		8,353
Recorded investment with no allowance	7,974		8,054
Recorded investment with an allowance	0		0
Total recorded investment	7,974		8,054
Related allowance	0		0
Average recorded investment	8,001	3,926
Interest income recognized	122	71
Commercial & Industrial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	17,909		18,082
Recorded investment with no allowance	14,119		14,424
Recorded investment with an allowance	171		177
Total recorded investment	14,290		14,601
Related allowance	171		177
Average recorded investment	14,336	4,093
Interest income recognized	202	181
Troubled Debt Restructurings [Abstract]
TDR loans impaired	10,800		10,900
Agricultural [Member]
Impaired Loans [Abstract]
Unpaid principal balance	709		768
Recorded investment with no allowance	409		468
Recorded investment with an allowance	0		0
Total recorded investment	409		468
Related allowance	0		0
Average recorded investment	409	2,847
Interest income recognized	0	38
Troubled Debt Restructurings [Abstract]
TDR loans impaired	409		469
Consumer [Member]
Impaired Loans [Abstract]
Unpaid principal balance	238		0
Recorded investment with no allowance	188		0
Recorded investment with an allowance	0		0
Total recorded investment	188		0
Related allowance	0		0
Average recorded investment	63	0
Interest income recognized	0	$ 0
Commercial Real Estate [Member]
Troubled Debt Restructurings [Abstract]
TDR loans impaired	$ 1,600		$ 1,600

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses, Information Regarding Nonperforming Assets (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2021USD ($)Loan	Dec. 31, 2020USD ($)
Nonperforming Assets [Abstract]
Nonaccrual loans		$ 14,417	$ 14,575
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		1,960	1,960
Total nonperforming loans		16,377	16,535
TDR loans impaired		$ 12,710	12,980
COVID-19 [Member]
Nonperforming Assets [Abstract]
Number of loans modified that were not considered troubled debt restructurings | Loan		7
Amount of loans modified that were not considered troubled debt restructurings		$ 42,300
Construction & Development [Member]
Nonperforming Assets [Abstract]
Nonaccrual loans		0	0
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		0	0
Total nonperforming loans		0	0
1 - 4 Family Real Estate [Member]
Nonperforming Assets [Abstract]
Nonaccrual loans		0	0
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		0	0
Total nonperforming loans		0	0
Commercial Real Estate - Other [Member]
Nonperforming Assets [Abstract]
Nonaccrual loans		2,898	3,043
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		1,960	1,960
Total nonperforming loans		4,858	5,003
Commercial & Industrial [Member]
Nonperforming Assets [Abstract]
Nonaccrual loans		10,922	11,063
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		0	0
Total nonperforming loans		10,922	11,063
TDR loans impaired		10,800	10,900
Agricultural [Member]
Nonperforming Assets [Abstract]
Nonaccrual loans		409	469
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		0	0
Total nonperforming loans		409	469
TDR loans impaired		409	469
Consumer [Member]
Nonperforming Assets [Abstract]
Nonaccrual loans		188	0
Troubled-debt restructurings	[1]	0	0
Accruing loans 90 or more days past due		0	0
Total nonperforming loans		$ 188	$ 0
[1]	$12.71 million and $12.98 million of TDRs as of March 31, 2021 and December 31, 2020, respectively, are included in the nonaccrual loans balance in the line above.

Shareholders' Equity, Repurchas

Shareholders' Equity, Repurchase Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 02, 2020	Mar. 13, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Sep. 05, 2019
Stock Repurchase Program [Abstract]
Number of shares repurchased (in shares)			793,094
Average price of shares repurchased (in dollars per share)			$ 8.59
Gross loans			$ 864,260		$ 839,088
PPP Loans [Member]
Stock Repurchase Program [Abstract]
Gross loans			$ 64,700
Repurchase Plan [Member]
Stock Repurchase Program [Abstract]
Number of shares authorized to purchase (in shares)	1,750,000					500,000
Number of shares approved for expansion to the existing stock (in shares)	750,000	500,000
Number of shares repurchased (in shares)			0	793,094
Average price of shares repurchased (in dollars per share)			$ 0	$ 8.59
Shares remaining to be repurchased (in shares)			717,822	206,906

Shareholders' Equity, Actual Ca

Shareholders' Equity, Actual Capital Amounts and Ratios (Details) $ in Thousands	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital to risk-weighted assets, actual amount	$ 119,986	$ 115,375
Total capital to risk-weighted assets, actual ratio	0.1534	0.1473
Total capital to risk-weighted assets, minimum capital requirements amount	$ 62,583	$ 62,641
Total capital to risk-weighted assets, minimum capital requirements ratio	0.0800	0.0800
Total capital to risk-weighted assets, capital conservation buffer amount	$ 82,140	$ 82,216
Total capital to risk-weighted assets, capital conservation buffer ratio	0.1050	0.1050
Tier I capital to risk-weighted assets, actual amount	$ 110,194	$ 105,736
Tier I capital to risk-weighted assets, actual ratio	0.1409	0.1350
Tier I capital to risk-weighted assets, minimum capital requirements amount	$ 46,937	$ 46,981
Tier I capital to risk-weighted assets, minimum capital requirements ratio	0.0600	0.0600
Tier I capital to risk-weighted assets, minimum capital conservation buffer amount	$ 66,494	$ 66,556
Tier I capital to risk-weighted assets, minimum capital conservation buffer ratio	0.0850	0.0850
CET I capital to risk-weighted assets, actual amount	$ 110,194	$ 105,736
CET I capital to risk-weighted assets, actual ratio	0.1409	0.1350
CET I capital to risk-weighted assets, minimum capital requirements amount	$ 35,203	$ 35,236
CET I capital to risk-weighted assets, minimum capital requirements ratio	0.0450	0.0450
CET I capital to risk-weighted assets, capital conservation buffer amount	$ 54,760	$ 54,811
CET I capital to risk-weighted assets, capital conservation buffer ratio	0.0700	0.0700
Tier I capital to average assets, actual amount	$ 110,194	$ 105,736
Tier I capital to average assets, actual ratio	0.1123	0.1078
Tier I capital to average assets, minimum capital requirements amount	$ 39,255	$ 39,218
Tier I capital to average assets, minimum capital requirements ratio	0.0400	0.0400
Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital to risk-weighted assets, actual amount	$ 119,933	$ 115,335
Total capital to risk-weighted assets, actual ratio	0.1535	0.1475
Total capital to risk-weighted assets, minimum capital requirements amount	$ 62,501	$ 62,563
Total capital to risk-weighted assets, minimum capital requirements ratio	0.0800	0.0800
Total capital to risk-weighted assets, capital conservation buffer amount	$ 82,033	$ 82,114
Total capital to risk-weighted assets, capital conservation buffer ratio	0.1050	0.1050
Total capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 78,126	$ 78,204
Total capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action ratio	0.1000	0.1000
Tier I capital to risk-weighted assets, actual amount	$ 110,154	$ 105,696
Tier I capital to risk-weighted assets, actual ratio	0.1410	0.1351
Tier I capital to risk-weighted assets, minimum capital requirements amount	$ 46,876	$ 46,922
Tier I capital to risk-weighted assets, minimum capital requirements ratio	0.0600	0.0600
Tier I capital to risk-weighted assets, minimum capital conservation buffer amount	$ 66,407	$ 66,473
Tier I capital to risk-weighted assets, minimum capital conservation buffer ratio	0.0850	0.0850
Tier I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 62,501	$ 62,563
Tier I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action ratio	0.0800	0.0800
CET I capital to risk-weighted assets, actual amount	$ 110,154	$ 105,696
CET I capital to risk-weighted assets, actual ratio	0.1410	0.1351
CET I capital to risk-weighted assets, minimum capital requirements amount	$ 35,157	$ 35,192
CET I capital to risk-weighted assets, minimum capital requirements ratio	0.0450	0.0450
CET I capital to risk-weighted assets, capital conservation buffer amount	$ 54,688	$ 54,743
CET I capital to risk-weighted assets, capital conservation buffer ratio	0.0700	0.0700
CET I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action amount	$ 50,782	$ 50,832
CET I capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action ratio	0.0650	0.0650
Tier I capital to average assets, actual amount	$ 110,154	$ 105,696
Tier I capital to average assets, actual ratio	0.1123	0.1078
Tier I capital to average assets, minimum capital requirements amount	$ 39,229	$ 39,233
Tier I capital to average assets, minimum capital requirements ratio	0.0400	0.0400
Tier I capital to average assets, minimum to be well capitalized under prompt corrective action amount	$ 49,036	$ 49,041
Tier I capital to average assets, minimum to be well capitalized under prompt corrective action ratio	0.0500	0.0500

Shareholders' Equity, Payout Re

Shareholders' Equity, Payout Restrictions Based on Capital Conservation Buffer (Details) $ in Millions	Mar. 31, 2021USD ($)
Shareholders' Equity [Abstract]
Retained earnings available for dividend declaration	$ 21.4

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Summary of Loans [Roll Forward]
Balance Beginning of the Period	$ 0	$ 1,055	$ 1,055
Additions	0		0
Collections/ Terminations	0		(1,055)
Balance End of the Period	0		$ 0
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, 2021	Mar. 31, 2020
Employee Benefits [Abstract]
Percentage of employee's compensation matched by company	5.00%
Defined benefit plan, employer contribution	$ 65	$ 45
Share-based Compensation [Abstract]
Stock-based compensation expense	302	180
2018 Equity Incentive Plan [Member]
Share-based Compensation [Abstract]
Stock-based compensation expense	$ 302	$ 180
Shares available for future grants (in shares)	689,050
Unearned stock-based compensation expense [Abstract]
Risk-free interest rate	0.52%	1.71%
Dividend yield	2.89%	2.20%
Stock price volatility	66.67%	41.27%
Expected term	6 years 4 months 28 days	7 years 6 months 4 days
2018 Equity Incentive Plan [Member] | RSUs [Member]
Share-based Compensation [Abstract]
Unrecognized compensation expense	$ 2,100
Period for recognition of compensation cost not yet recognized	3 years
Restricted Stock Units [Roll Forward]
Outstanding, beginning of the period (in shares)	118,000
Shares granted (in shares)	25,200
Shares settled (in shares)	(6,398)
Shares forfeited (in shares)	0
Outstanding, end of the period (in shares)	136,802
Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 18.09
Shares granted (in dollars per share)	14.31
Shares settled (in dollars per share)	18.49
Shares forfeited (in dollars per share)	0
Outstanding, end of period (in dollars per share)	$ 17.37
2018 Equity Incentive Plan [Member] | Stock Option [Member]
Share-based Compensation [Abstract]
Vesting period	4 years
Unrecognized compensation expense	$ 834
Unvested and/or unexercised stock options (in shares)	265,750
Period for recognition of compensation cost not yet recognized	3 years 1 month 2 days
Stock Option Activity [Roll Forward]
Outstanding at beginning of period (in shares)	185,250
Options granted (in shares)	80,500
Options exercised (in shares)	0
Options forfeited (in shares)	0
Outstanding at end of period (in shares)	265,750
Exercisable at end of period (in shares)	85,682
Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of period (in dollars per share)	$ 18.73
Options granted (in dollars per share)	14.31
Options exercised (in dollars per share)	0
Options forfeited (in dollars per share)	0
Outstanding at end of period (in dollars per share)	17.39
Exercisable at end of period (in dollars per share)	$ 18.76
Options, Additional Disclosures [Abstract]
Weighted average remaining contractual term, Outstanding	8 years 3 months 25 days
Weighted average remaining contractual term, Exercisable	7 years 7 months 10 days
Aggregate intrinsic value, Outstanding	$ 278,100
Aggregate intrinsic value, Exercisable	$ 6,225
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, 2021	Dec. 31, 2020
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)	188	11,358
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)	$ 188	$ 11,358

Disclosures About Fair Value _4

Disclosures About Fair Value of Assets and Liabilities, Quantitative Information (Details) - Nonrecurring Basis [Member] $ in Thousands	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans	$ 188	$ 11,358
Level 3 [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements [Abstract]
Collateral-dependent impaired loans	$ 188	$ 11,358
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, 2021	Dec. 31, 2020
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and due from banks	$ 170,132	$ 153,901
Interest-bearing time deposits in other banks	6,963	16,412
Loans, net of allowance	850,544	826,974
Mortgage loans held for sale		324
Nonmarketable equity securities	1,187	1,172
Interest receivable	3,526	4,365
Financial Liabilities [Abstract]
Deposits	929,029	905,514
Interest payable	192	286
Fair Value [Member]
Financial Assets [Abstract]
Cash and due from banks	170,132	153,901
Interest-bearing time deposits in other banks	6,963	16,412
Loans, net of allowance	849,992	826,581
Mortgage loans held for sale		324
Nonmarketable equity securities	1,187	1,172
Interest receivable	3,526	4,365
Financial Liabilities [Abstract]
Deposits	928,307	904,928
Interest payable	192	286
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and due from banks	170,132	153,901
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	6,963	16,412
Loans, net of allowance	849,804	815,223
Mortgage loans held for sale		324
Nonmarketable equity securities	1,187	1,172
Interest receivable	3,526	4,365
Financial Liabilities [Abstract]
Deposits	928,307	904,928
Interest payable	192	286
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	188	11,358
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, 2021	Dec. 31, 2020
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	$ 210,593	$ 208,886
Commitments to Extend Credit [Member]
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	208,395	206,520
Financial and Performance Standby Letters of Credit [Member]
Financial instruments, off-balance sheet credit risk [Abstract]
Financial instruments, off-balance sheet credit risk	$ 2,198	$ 2,366

Significant Estimates and Con_2

Significant Estimates and Concentrations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Significant Estimates of Loans [Abstract]
Outstanding balance	$ 864,260	$ 839,088
Goodwill	1,000
Hospitality Loans [Member]
Significant Estimates of Loans [Abstract]
Unfunded commitments	62,000
Hospitality Loans [Member] | Gross Loans [Member]
Significant Estimates of Loans [Abstract]
Outstanding balance	$ 208,300
Hospitality Loans [Member] | Gross Loans [Member] | Product Concentration Risk [Member]
Significant Estimates of Loans [Abstract]
Percentage of gross loans	24.00%
Energy Loans [Member]
Significant Estimates of Loans [Abstract]
Unfunded commitments	$ 10,000
Energy Loans [Member] | Gross Loans [Member]
Significant Estimates of Loans [Abstract]
Outstanding balance	$ 93,300
Energy Loans [Member] | Gross Loans [Member] | Product Concentration Risk [Member]
Significant Estimates of Loans [Abstract]
Percentage of gross loans	11.00%