Rhinebeck Bancorp (RBKB) 10-Q 14 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Rhinebeck Bancorp, Inc.
Entity Central Index Key	0001751783
Trading Symbol	rbkb
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Amendment Flag	false
Entity Common Stock, Shares Outstanding		11,133,290
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 15,439	$ 50,590
Available for sale securities (at fair value)	109,395	101,312
Loans receivable (net of allowance for loan losses of $7,183 and $6,646, respectively)	706,882	678,402
Federal Home Loan Bank stock	3,919	1,883
Accrued interest receivable	2,782	2,523
Cash surrender value of life insurance	18,118	18,018
Deferred tax assets (net of valuation allowance of $1,123 and $1,085, respectively)	2,776	2,934
Premises and equipment, net	16,955	17,040
Other real estate owned	1,633	1,685
Goodwill	1,410	1,410
Intangible assets, net	273	284
Other assets	5,181	6,342
Total assets	884,763	882,423
Deposits
Noninterest bearing	159,626	171,829
Interest bearing	524,398	512,589
Total deposits	684,024	684,418
Mortgagors' escrow accounts	6,311	7,725
Advances from the Federal Home Loan Bank	76,845	31,598
Subordinated debt	5,155	5,155
Other borrowings		5,000
Subscription offering proceeds		79,142
Accrued expenses and other liabilities	9,643	10,108
Total liabilities	781,978	823,146
Stockholders' Equity
Preferred stock (par value $0.01 per share; 5,000,000 authorized, 0 issued)
Common stock (par value $0.01 per share; 25,000,000 authorized, 11,133,290 issued and outstanding)	111
Additional paid-in capital	(21)	100
Unallocated common stock held by the employee stock ownership plan ("ESOP")	(4,364)
Retained earnings	112,975	66,189
Accumulated other comprehensive loss:
Net unrealized loss on available for sale securities, net of taxes	(1,535)	(2,576)
Defined benefit pension plan, net of taxes	(4,381)	(4,436)
Total accumulated other comprehensive loss	(5,916)	(7,012)
Total stockholders' equity	102,785	59,277
Total liabilities and stockholders' equity	$ 884,763	$ 882,423

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for loan losses on loans receivable	$ 7,183	$ 6,646
Deferred tax valuation allowance	$ 1,123	$ 1,085
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, share authorized	5,000,000	5,000,000
Preferred Stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, shares issued	11,133,290	11,133,290
Common stock, shares outstanding	11,133,290	11,133,290

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest and Dividend Income
Interest and fees on loans	$ 8,715	$ 6,750
Interest and dividends on securities	608	599
Other income	35	4
Total interest and dividend income	9,358	7,353
Interest Expense
Interest expense on deposits	1,382	829
Interest expense on borrowings	406	133
Total interest expense	1,788	962
Net interest income	7,570	6,391
Provision for loan losses	780	525
Net interest income after provision for loan losses	6,790	5,866
Noninterest Income
Service charges on deposit accounts	698	594
Net realized loss on sales and calls of securities		(1)
Net gain on sales of loans	56	148
Increase in cash surrender value of life insurance	100	99
Other real estate owned income	10	10
Investment advisory income	213	148
Other	187	250
Total noninterest income	1,264	1,248
Noninterest Expenses
Salaries and employee benefits	3,888	3,484
Occupancy	895	902
Data processing	307	274
Professional fees	266	194
Advertising	155	180
FDIC deposit insurance and other insurance	141	175
Other real estate owned expense	39	57
Amortization of intangible assets	11	11
Other	1,216	1,089
Total noninterest expenses	6,918	6,366
Income before income taxes	1,136	748
Provision for income taxes	225	132
Net income	$ 911	$ 616
Earnings per common share:
Basic (in dollars per share)	$ 0.09
Diluted (in dollars per share)	$ 0.09
Weighted average shares outstanding (in shares)	10,699,592

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net Income		$ 911	$ 616
Other Comprehensive Income (Loss):
Unrealized holding gains (losses) arising during the period		1,317	(1,359)
Reclassification adjustment for losses included in net realized loss on sales and calls of securities on the consolidated statements of income			(1)
Net unrealized gains (losses) on available for sale securities		1,317	(1,360)
Tax effect	[1]	(276)	286
Unrealized gains (losses) on available for sale securities, net of tax		1,041	(1,074)
Defined benefit pension plan:
Actuarial loss arising during the period		(20)
Reclassification adjustment for amortization of net actuarial loss	[2]	90
Total		70
Tax effect	[3]	(15)
Defined benefit pension plan gain, net of tax		55
Other comprehensive income (loss)		1,096	(1,074)
Total Comprehensive Income (Loss)		$ 2,007	$ (458)
[1]	Includes $0 for the three months ended March 31, 2019 and 2018 for tax effect of realized gains and losses which are included in the provision for income taxes on the consolidated statements of income.
[2]	Included in salaries and benefits on the consolidated statements of income.
[3]	Includes $19 for the three months ended March 31, 2019 and $0 for the three months ended March 31, 2018 for tax effect of amortization of net actuarial loss included in the provision for income taxes on the consolidated statements of income.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) (unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Available-for-sale Securities, gross realized losses	[1]	$ 276	$ (286)
Amortization of net actuarial loss	[2]	(15)
Income tax expense provision
Available-for-sale Securities, gross realized losses		0	0
Amortization of net actuarial loss		$ 19	$ 0
[1]	Includes $0 for the three months ended March 31, 2019 and 2018 for tax effect of realized gains and losses which are included in the provision for income taxes on the consolidated statements of income.
[2]	Includes $19 for the three months ended March 31, 2019 and $0 for the three months ended March 31, 2018 for tax effect of amortization of net actuarial loss included in the provision for income taxes on the consolidated statements of income.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Unallocated common stock held by the ESOP	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2017		$ 100		$ 61,832	$ (6,955)	$ 54,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				616		616
Other comprehensive income (loss)					(1,074)	(1,074)
Balance at Mar. 31, 2018		100		62,448	(8,029)	54,519
Balance at Dec. 31, 2018		100		66,189	(7,012)	59,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				911		911
Other comprehensive income (loss)					1,096	1,096
Common Stock and proceeds of offering	$ 111	(121)		45,875		45,865
Balance at Mar. 31, 2019	$ 111	$ (21)	$ (4,364)	$ 112,975	$ (5,916)	$ 102,785
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unallocated common stock held by ESOP			(4,364)			(4,364)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows From Operating Activities
Net income	$ 911	$ 616
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of premiums and discounts on investments, net	2,943	3,907
Net realized loss on sales and calls of securities		1
Provision for loan losses	780	525
Loans originated for sale	(8,318)	(6,337)
Proceeds from sale of loans	7,303	7,957
Net gain on sale of loans	(56)	(148)
Amortization of intangible assets	11	11
Depreciation and amortization	321	287
Deferred income tax expense	(133)	(47)
Increase in cash surrender value of insurance	(100)	(99)
(Increase) decrease in accrued interest receivable	(259)	484
Decrease (increase) in other assets	1,161	(216)
Increase (decrease) in accrued expenses and other liabilities	5,045	(72)
Net cash (used in) provided by operating activities	9,609	6,869
Cash Flows from Investing Activities
Proceeds from sales and calls of securities		375
Purchases of securities	(9,709)
Net purchases of FHLB Stock	(2,036)	(139)
Net increase in loans	(28,189)	(15,138)
Purchases of bank premises and equipment	(235)	(81)
Proceeds from sale of other real estate owned	51
Net cash used in investing activities	(40,118)	(14,983)
Cash Flows from Financing Activities
Net (decrease) increase in demand deposits, NOW, money market and savings accounts	(18,931)	1,968
Net increase in time deposits	18,537	5,113
Decrease in mortgagors' escrow accounts	(1,414)	(1,055)
Net increase in short-term debt	43,683	3,100
Net decrease in long-term debt	(3,436)
Return of unfulfilled subscriptions	(41,073)
Offering expenses	(1,887)
Return of capital to Rhinebeck Bancorp, MHC	(121)
Net cash provided by financing activities	(4,642)	9,126
Net (decrease) increase in cash and due from banks	(35,151)	1,012
Cash and Due from Banks
Beginning balance	50,590	10,460
Ending balance	15,439	11,472
Cash paid for:
Interest	1,758	965
Income taxes	6	12
Noncash Investing and Financing Activities
Unrealized holding gain (loss) on available for sale securities arising during the period	1,317	$ (1,360)
Decrease in defined benefit plan liability included in other comprehensive loss	$ (70)

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	1. Nature of Business and Significant Accounting Policies The consolidated financial statements include the accounts of Rhinebeck Bancorp, Inc. (the “Company”), a stock holding company, and its wholly owned subsidiary, Rhinebeck Bank (the “Bank”), a New York chartered stock savings bank. The primary purpose of the Company is to act as a holding company for the Bank. The Bank provides a full range of banking and financial services to consumer and commercial customers through its eleven branches and two representative offices located in Dutchess, Ulster, Orange, and Albany counties. Financial services including investment advisory and financial product sales are offered through a division of the Bank doing business as Rhinebeck Asset Management (“RAM”). A description of the Company's significant accounting policies are presented below. Basis of Financial Statements Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, as of the date of the consolidated statements of financial condition and reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of securities and other real estate owned, the evaluation of investment securities for other-than-temporary impairment, the evaluation of goodwill for impairment, the valuation of deferred tax assets and the determination of pension obligations. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. As a result of the reorganization, the consolidation refers to the Company and the Bank for the March 31, 2019 period and Rhinebeck Bancorp, MHC and the Bank for the 2018 periods. All significant intercompany accounts and transactions have been eliminated in consolidation. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located in the New York State counties of Dutchess, Ulster, Orange, Columbia, Putnam, and Albany. Although the Company has a diversified loan portfolio, a substantial portion of its customers’ abilities to repay their loans is dependent on the economic conditions in the territories in which the Company operates. Cash and Cash Equivalents Cash and due from banks and federal funds sold are recognized as cash equivalents in the consolidated statements of financial condition and cash flows. Federal funds sold generally mature in one day. The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Investment in Debt and Marketable Equity Securities Debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and are recorded at amortized cost. “Trading” securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held to maturity or trading, including equity securities with readily determinable fair values, are classified as “available for sale” and are recorded at fair value, with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive loss, net of taxes. Purchase premiums and discounts are recognized in interest income using the interest method over the maturity terms of the securities. Realized gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. The Company evaluates securities for other-than temporary impairment on a regular basis. The evaluation considers several factors including the amount of the unrealized loss, the period of time the security has been in a loss position and the credit standing of the issuer. When the Company does not intend to sell the security and it is likely that the Company will not be required to sell the security before recovery of its cost basis, the credit loss determined due to a permanent impairment will be recognized in earnings. The credit loss component recognized is identified as the amount of future principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow estimates discounted at the applicable original yield of the security. Loans Receivable Loans that the Company has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for unearned income, including any allowance for loan losses and any unamortized deferred fees or costs. Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and amortized as a level yield adjustment 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. Consumer automobile and installment loans are typically charged off no later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual status 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 non-accrual status or charged off, is reversed against interest income. The interest on these loans is accounted for on the cash-basis method until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. 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 earnings. Loan losses are charged against the allowance when management determines all or part of the loan balance is uncollectible. 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 size and composition of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance calculation methodology involves segregation of the total loan portfolio into segments. The Company’s loans receivable portfolio is comprised of the following segments: commercial real estate, residential real estate, commercial and industrial and consumer. The segments of the Company’s loans receivable portfolio are further disaggregated into classes based on identified associated risks within those segments. This allows management to better monitor risk and performance. Commercial real estate loans are separated into the two classes: non-residential and multi-family. Non-residential and multi-family loans include long-term loans financing commercial properties and include both owner and non-owner occupied properties. Construction loans, which include land loans, are comprised mostly of non-owner occupied projects, whereby the property is generally under development and tends to have more risk than the owner occupied loans. The Company grants loans for the construction of residential homes, residential developments and land development projects. Repayment of these loans is mostly dependent upon either the ongoing cash flows of the borrowing entity or the resale or lease of the subject property. Residential real estate loans are secured by the borrower’s residential real estate generally in a first lien position. Residential mortgages have varying loan interest rates depending on the financial condition of the borrower, the loan to value ratio and the term of the loan. The commercial and industrial loan segment consists of loans made for purposes of financing the activities of commercial customers. The assets financed through commercial and industrial loans are used within the business for its ongoing operations. Repayment of commercial and industrial loans predominately comes from the cash flows of the business or the ongoing operations of assets. Consumer loans are classified into the following three classes: indirect automobile loans, home equity loans and other consumer loans. Indirect automobile loans are secured by the borrowers’ automobiles and originated through the Company’s relationships with the automobile dealers in the various counties in the Company’s service area. Home equity loans are secured by the borrower’s residential real estate in a first or second lien position. Other direct consumer loans may be unsecured. The Company has established credit policies applicable to each type of lending activity in which it engages. The Company evaluates the creditworthiness of each customer and, in most cases, extends credit of up to 80% of the market value of the collateral at the date of the credit extension. The Company’s credit policies determine advance rates against the different forms of collateral that can be pledged against commercial and industrial and commercial real estate loans. Typically, the majority of loans will be limited to a percentage of their underlying collateral values such as real estate values, automobiles, equipment, eligible accounts receivable and inventory. Individual loan advance rates may be higher or lower depending upon the financial strength of the borrower, past experience with the borrower, the nature of the collateral, competitive offerings and/or the term of the loan. The market value of collateral is monitored on an ongoing basis and additional collateral may be obtained when warranted. While collateral provides some assurance as a secondary source of repayment, the Company ordinarily requires the primary source of repayment to be based on the borrower's ability to generate continuing sufficient cash flows. The Company's policy for collateral requires that, generally, the amount of the loan may not exceed 90% of the original appraised value of the property. Private mortgage insurance is usually required for that portion of the loan in excess of 80% of the appraised value of the property. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated at least quarterly or when credit deficiencies arise, such as when loan payments are delinquent. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans classified as special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. The allowance consists of specific and general components. The specific component relates to loans that are considered impaired. For such impaired loans, an allowance is established when the discounted cash flows (or observable market price or collateral value if the loan is collateral dependent) of the impaired loan is lower than the carrying value of that loan. The general component covers all other loans, segregated generally by loan type and is based on historical loss experience with adjustments for qualitative factors which are made after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss data. These qualitative risk factors generally include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices. 2. National, regional and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. Size and composition of the portfolio and the terms of loans. 4. Volume and severity of past due, classified and non-accrual loans as well as loan modifications. 5. Existence and effect of any concentrations of credit and changes in the level of such concentrations. 6. Effect of external factors, such as competition and legal and regulatory requirements. 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 are not necessarily 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 real estate 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. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loans’ collateral. For loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the size of the loan, age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted for expected sales costs to arrive at the estimated recognizable value of the collateral, which is considered to be the estimated fair value. The recorded investment in consumer mortgages and loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $640 and $526 on March 31, 2019 and December 31, 2018, respectively. For loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. The evaluation of the need and amount of the allowance for impaired loans and whether a loan can be removed from impairment status is made on a quarterly basis. The Company’s policy for recognizing interest income on impaired loans does not differ from its overall policy for interest recognition. The Company may grant a concession or modification for economic or legal reasons related to a borrower's financial condition that it would not otherwise consider resulting in a modified loan which is then identified as a troubled debt restructuring (“TDR”). These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Company's allowance for loan losses. The Company identifies loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower's financial statements, revenue projections, tax returns and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, negative trends, or specific conditions may result in a payment default in the near future. Regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. Loans Held for Sale Loans held for sale are those mortgage loans the Company has the intent to sell in the foreseeable future and are carried at the lower of aggregate cost or market value, with valuation changes recorded in noninterest income. Gains and losses on sales of loans are recognized at the trade dates and are determined by the difference between the sales proceeds and the carrying value of the loans. Mortgage loans held for sale are generally sold with the mortgage servicing rights retained by the Company. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loans sold. Mortgage service rights are recorded at fair value and amortized over the life of the loan. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the transferor does not maintain effective control over the transferred assets through either (a) an agreement that both entitles and obligates the transferor to repurchase or redeem the assets before maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a cleanup call. Mortgage Servicing Mortgage s ervicing assets are recognized as separate assets developed through the sale of mortgages. Servicing rights are initially recorded at fair value with the income statement effect recorded in gain or loss on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into noninterest income in proportion to and over the period of the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is recognized through a valuation allowance and charged to noninterest income, to the extent that fair value is less than the capitalized amount. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase to income. Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in operations. Costs relating to the development and improvement of the property are capitalized, subject to the resulting limit of fair value of the collateral. Gains or losses are included in operations upon disposal. Other real estate owned (“OREO”) included $935 and $935 of residential real estate and $698 and $750 of commercial property at March 31, 2019 and December 31, 2018, respectively. Premises and Equipment Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation is charged to operations using the straight-line method over the estimated useful lives of the related assets. Rent expense is charged to operations over the expected lease term using the straight-line method. Leasehold improvements are amortized over the shorter of the improvements' estimated economic lives or the related lease terms. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Bank-Owned Life Insurance The Company purchased bank owned life insurance (“BOLI”) on a chosen group of employees and trustees. The Company is the owner and sole beneficiary of the policies. Earnings from BOLI are recognized as part of noninterest income. BOLI is carried at cash surrender value. Death benefit proceeds received in excess of the policies cash surrender values are recognized in income upon receipt. The Company does not intend to surrender these policies and, accordingly, no deferred taxes have been provided. Goodwill and Amortizable Intangible Assets The excess of the purchase price of an acquisition over the net fair value of the identifiable tangible and intangible assets and liabilities is assigned to goodwill. Goodwill is not amortizable, but is subject to at least an annual assessment, or more frequently in the presence of certain circumstances, for impairment. Other intangible assets are stated at cost, less accumulated amortization and consist of purchased customer accounts. Purchased customer accounts primarily consist of records and files that contain information about investment holdings. These assets are amortized on a straight-line basis over the related estimated lives of 13 years and 4 months. In the presence of certain circumstances, intangible assets may be assessed for impairment as well. Impairment exists when carrying value exceeds its fair value. In such circumstances a charge for the relevant impairment is recognized and the net book value is reduced to the appropriate value. Income Taxes The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that all or some portion of the deferred tax assets will not be realized. When tax returns are filed, it is highly expected that most positions taken would be sustained upon examination by the taxing authorities, while others may be subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company had no liabilities for uncertain tax positions at March 31, 2019 and December 31, 2018. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as an additional provision for income taxes in the consolidated statements of income. Comprehensive Income or Loss GAAP requires that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities and the net actuarial gain or loss of the defined benefit pension plan, are reported as a separate component of the stockholders’ equity section of the consolidated statements of financial condition, such items, along with net income, are components of comprehensive income or loss. Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. 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 is best determined based upon quoted market prices. However, in certain instances, there are no quoted market prices for certain assets or liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the asset or liability. Fair value measurements focus on exit prices in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The Company's fair value measurements are classified into a fair value hierarchy based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The three categories within the hierarchy are as follows: Level 1 Quoted prices in active markets for identical assets and liabilities. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active; and model-based valuation techniques for which all significant inputs are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation. Impact of Recent Accounting Pronouncements Effective January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU No. 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. The Company used the modified retrospective method for transition with the cumulative effect recognized as of the date of initial application with no restatement of prior periods. The adoption did not have a material effect on the Company’s financial statements as the recognition of interest income has been scoped out of the guidance and noninterest income recognition is similar to current revenue recognition practices. See Note 15 for additional information related to the adoption of ASU No. 2014-09. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016 - In June 2016, the FASB issued ASU No. 2016-13 on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU requires credit losses on most financial assets be measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (“CECL”) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The measurement of expected credit losses is based upon relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. This ASU is effective for the Company in 2021. Early adoption is permitted in 2019. The Company is currently assessing the effect that ASU No. 2016-13 will have on its consolidated financial statements. Effective January 1, 2019, the Company adopted ASU No. 2018-07, “Compensation- Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”. This update expands the scope of Topic 718 to include share based payment transactions for acquiring goods and services from nonemployees. As a result, nonemployee share based payment awards will be measured at the grant-date fair value of the equity instruments that an entity is obligated to issue when the service has been rendered, subject to the probability of satisfying performance conditions when applicable. The Company has not and does

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2019
Debt Securities, Available-for-sale [Abstract]
Investment Securities	2. Investment Securities The amortized cost, gross unrealized gains and losses and fair values of available for sale securities are as follows: March 31, 2019 Amortized Cost Gross Unrealized Gross Unrealized Fair Value (unaudited) U.S. Treasury securities $ 3,033 $ - $ (43 ) $ 2,990 U.S. government agency mortgage-backed securities-residential 89,740 115 (1,746 ) 88,109 U.S. government agency securities 16,914 - (282 ) 16,632 Municipal securities ¹ 1,229 12 - 1,241 Other 423 - - 423 Total $ 111,339 $ 127 $ (2,071 ) $ 109,395 December 31, 2018 U.S. Treasury securities $ 3,036 $ - $ (65 ) $ 2,971 U.S. government agency mortgage-backed securities-residential 82,965 8 (2,757 ) 80,216 U.S. government agency securities 16,919 - (451 ) 16,468 Municipal securities ¹ 1,228 4 - 1,232 Other 425 - - 425 Total $ 104,573 $ 12 $ (3,273 ) $ 101,312 ¹ The issuers of municipal securities are all within New York State. The following table presents the fair value and unrealized losses of the Company’s available for sale securities with gross unrealized losses aggregated by the length of time the individual securities have been in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized March 31, 2019 (unaudited) U.S. Treasury securities $ - $ - $ 2,990 $ (43 ) $ 2,990 $ (43 ) U.S. government agency mortgage-backed securities-residential - - 72,050 (1,746 ) 72,050 (1,746 ) U.S. government agency securities - - 16,632 (282 ) 16,632 (282 ) Total $ - $ - $ 91,672 $ (2,071 ) $ 91,672 $ (2,071 ) December 31, 2018 U.S. Treasury securities $ - $ - $ 2,971 $ (65 ) $ 2,971 $ (65 ) U.S. government agency mortgage-backed securities-residential 1,669 (4 ) 76,586 (2,753 ) 78,255 (2,757 ) U.S. government agency securities 0 0 16,468 (451 ) 16,468 (451 ) Total $ 1,669 $ (4 ) $ 96,025 $ (3,269 ) $ 97,694 $ (3,273 ) At March 31, 2019 and December 31, 2018, the Company had 92 and 96 individual available-for-sale securities with unrealized losses totaling $2,071 and $3,273, respectively, with an aggregate depreciation of 2.26% and 3.35%, respectively, from the Company’s amortized cost. Management believes that none of the unrealized losses on available for sale securities are other-than-temporary because substantially all of the unrealized losses in the Company’s investment portfolio relate to market interest rate changes on debt and mortgage-backed securities issued either directly by the government or from government sponsored enterprises. Because the Company does not intend to sell the securities and it is not likely that the Company will be required to sell the securities before recovery of their amortized cost basis, which may be maturity, the Company did not consider those investments to be other-than-temporarily impaired at March 31, 2019 or December 31, 2018 The amortized cost and fair value of available for sale debt securities at March 31, 2019 and December 31, 2018, by contractual maturities, are presented below. Actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be called or repaid without any penalties. Because mortgage-backed securities are not due at a single maturity date, they are not included in the maturity categories in the following maturity summary: March 31, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Maturity: Within 1 year $ 1,221 $ 1,213 $ 1,221 $ 1,210 After 1 but within 5 years 17,246 16,933 17,253 16,780 After 5 but within 10 years 1,975 1,972 1,975 1,945 After 10 years 734 745 734 736 Total Maturities 21,176 20,863 21,183 20,671 Mortgage-backed securities 89,740 88,109 82,965 80,216 Other 423 423 425 425 Total $ 111,339 $ 109,395 $ 104,573 $ 101,312 At March 31, 2019 and December 31, 2018, available for sale securities with a carrying value of $26,837 and $27,465, respectively, were pledged to secure Federal Home Loan Bank of New York (“FHLB”) borrowings. In addition $1,191 and $1,032 of available for sale securities, respectively, were pledged to secure borrowings at the Federal Reserve Bank of New York. Proceeds from the sale of available for sale securities and calls aggregated $2,113 with $22 in gross losses realized for the year ended December 31, 2018. There were no sales of available for sale securities during the three months ended March 31, 2019.

Loans and allowance for loan lo

Loans and allowance for loan losses	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans and allowance for loan losses	3. Loans and allowance for loan losses A summary of the Company’s loan portfolio is as follows: March 31, December 31, 2019 2018 (unaudited) Commercial real estate loans: Construction $ 9,131 $ 12,870 Non-residential 206,736 197,499 Multi-family 18,495 12,661 Residential real estate loans 40,793 43,534 Commercial loans: 83,655 83,203 Consumer loans: Indirect automobile 316,866 297,144 Home equity 19,132 19,269 Other consumer 10,639 10,826 Total gross loans 705,447 677,006 Net deferred loan costs 8,618 8,042 Allowance for loan losses (7,183 ) (6,646 ) Total net loans $ 706,882 $ 678,402 At March 31, 2019 and December 31, 2018, the unpaid principal balances of loans held for sale, included in the residential real estate category above, were $184 and $888, respectively. The following tables present the classes of the loan portfolio summarized by the pass category and the criticized categories of special mention, substandard and doubtful within the internal risk system: March 31, 2019 Special Pass Mention Substandard Doubtful Total (unaudited) Commercial real estate: Construction $ 9,131 $ - $ - $ - $ 9,131 Non-residential 196,250 6,804 3,682 - 206,736 Multifamily 18,102 - 393 - 18,495 Residential 38,510 - - 2,283 40,793 Commercial and industrial 81,925 696 1,034 - 83,655 Consumer: Indirect automobile 316,342 - - 524 316,866 Home equity 18,939 - - 193 19,132 Other consumer 10,635 - - 4 10,639 Total $ 689,834 $ 7,500 $ 5,109 $ 3,004 $ 705,447 December 31, 2018 Special Pass Mention Substandard Doubtful Total Commercial real estate: Construction $ 12,870 $ - $ - $ - $ 12,870 Non-residential 186,020 6,840 4,639 - 197,499 Multifamily 12,261 - 400 - 12,661 Residential 41,249 - - 2,285 43,534 Commercial and industrial 81,111 965 1,124 3 83,203 Consumer: Indirect automobile 296,692 - - 452 297,144 Home equity 19,071 - - 198 19,269 Other consumer 10,816 - - 10 10,826 Total $ 660,090 $ 7,805 $ 6,163 $ 2,948 $ 677,006 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The past due status of all classes of loans is determined based on contractual due dates for loan payments. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans: March 31, 2019 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual (unaudited) Commercial real estate: Construction $ 9,131 $ - $ - $ - $ 9,131 $ - Non-residential 201,853 2,128 248 2,507 206,736 2,507 Multifamily 18,124 72 299 - 18,495 - Residential 39,587 120 526 560 40,793 2,208 Commercial and industrial 83,329 326 - - 83,655 280 Consumer: Indirect automobile 311,512 4,271 585 498 316,866 524 Home equity 18,269 493 275 95 19,132 192 Other consumer 10,397 236 2 4 10,639 4 Total $ 692,202 $ 7,646 $ 1,935 $ 3,664 $ 705,447 $ 5,715 December 31, 2018 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: Construction $ 12,870 $ - $ - $ - $ 12,870 $ - Non-residential 193,273 1,466 253 2,507 197,499 2,507 Multifamily 12,487 174 - - 12,661 - Residential 42,083 305 615 531 43,534 2,208 Commercial and industrial 82,992 206 1 4 83,203 297 Consumer: Indirect automobile 291,369 4,429 915 431 297,144 452 Home equity 18,905 264 - 100 19,269 198 Other consumer 10,601 186 29 10 10,826 10 Total $ 664,580 $ 7,030 $ 1,813 $ 3,583 $ 677,006 $ 5,672 The following tables summarize information in regards to impaired loans by loan portfolio class: March 31, 2019 Recorded Unpaid Related Average With no related allowance recorded: (unaudited) Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,507 2,601 - 2,507 Multifamily - - - - Residential 2,208 2,515 - 2,246 Commercial and industrial 280 409 - 289 Consumer: Indirect automobile 337 392 - 305 Home equity 192 208 - 195 Other consumer 4 4 - 7 Total $ 5,528 $ 6,129 $ - $ 5,549 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - - Multifamily - - - - Residential - - - - Commercial and industrial - - - - Consumer: Indirect automobile 187 208 65 183 Home equity - - - - Other consumer - - - - Total $ 187 $ 208 $ 65 $ 183 Total: Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,507 2,601 - 2,507 Multifamily - - - - Residential 2,208 2,515 - 2,246 Commercial and industrial 280 409 - 289 Consumer: Indirect automobile 524 600 65 488 Home equity 192 208 - 195 Other consumer 4 4 - 7 Total $ 5,715 $ 6,337 $ 65 $ 5,732 December 31, 2018 Recorded Unpaid Related Average With no related allowance recorded: Commercial real estate: Construction $ - $ - $ - $ 563 Non-residential 2,507 2,601 - 3,023 Multifamily - - - - Residential 2,208 2,523 - 2,196 Commercial and industrial 297 421 - 758 Consumer: Indirect automobile 274 320 - 242 Home equity 198 211 - 158 Other consumer 10 10 - 5 Total $ 5,494 $ 6,086 $ - $ 6,945 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - 451 Multifamily - - - - Residential - - - - Commercial and industrial - - - 9 Consumer: Indirect automobile 178 191 50 205 Home equity - - - - Other consumer - - - 2 Total $ 178 $ 191 $ 50 $ 667 Total: Commercial real estate: Construction $ - $ - $ - $ 563 Non-residential 2,507 2,601 - 3,474 Multifamily - - - - Residential 2,208 2,523 - 2,196 Commercial and industrial 297 421 - 767 Consumer: Indirect automobile 452 511 50 447 Home equity 198 211 - 158 Other consumer 10 10 - 7 Total $ 5,672 $ 6,277 $ 50 $ 7,612 A loan is considered impaired when based on current information and events it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming loans and loans modified as troubled debt restructurings. Loan modifications, which resulted in these loans being considered TDRs, are primarily in the form of rate concessions and extensions of maturity dates. The Company does not generally recognize interest income on a loan in an impaired status. At March 31, 2019 and December 31, 2018, three loans totaling $1,745 and the same three loans totaling $1,774, respectively, included in impaired loans, were identified as TDRs. There were no new TDRs in the first quarter of 2019. In 2018, the Company restructured two loans, a residential mortgage and home equity loan, into a single residential mortgage, with a carrying value of $117, which included both rate and term modifications. At March 31, 2019 and December 31, 2018, all TDR loans were performing in accordance with their restructured terms. During the year ended December 31, 2018, one loan for $19 had defaulted in its modified terms and was charged off. At March 31, 2019 and December 31, 2018, the Company had no commitments to advance additional funds to borrowers under TDR loans. The Company services certain loans that it has sold without recourse to third parties. The aggregate balances of loans serviced for others were $257,439 and $255,892 as of March 31, 2019 and December 31, 2018, respectively. The balance of capitalized servicing rights, included in other assets at March 31, 2019 and December 31, 2018, were $2,246 and $2,278, respectively. Fair value exceeds carrying value. No impairment charges related to servicing rights were recognized during the period ended March 31, 2019 and the year ended December 31, 2018. The following tables summarize the segments of the loan portfolio and the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment and the activity in the allowance for loan losses for the periods then ended: Commercial Residential Commercial and Indirect Consumer Totals Three months ended March 31, 2019 Allowance for loan losses: (unaudited) Beginning balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Provision (credit) for loan losses 79 (35 ) 37 703 (4 ) 780 Loans charged-off - - (5 ) (495 ) (6 ) (506 ) Recoveries - 1 1 257 4 263 Ending balance $ 1,159 $ 286 $ 1,575 $ 3,380 $ 783 $ 7,183 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 65 $ - $ 65 Collectively evaluated for impairment $ 1,159 $ 286 $ 1,575 $ 3,315 $ 783 $ 7,118 Loan receivables: Ending balance $ 234,362 $ 40,793 $ 83,655 $ 316,866 $ 29,771 $ 705,447 Ending balance: Individually evaluated for impairment $ 2,507 $ 2,283 $ 280 $ 524 $ 196 $ 5,790 Collectively evaluated for impairment $ 231,855 $ 38,510 $ 83,375 $ 316,342 $ 29,575 $ 699,657 Commercial Residential Commercial and Indirect Consumer Totals Three months ended March 31, 2018 Allowance for loan losses: (unaudited) Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision (credit) for loan losses (105 ) 6 (13 ) 570 67 525 Loans charged-off (303 ) - (19 ) (373 ) (8 ) (703 ) Recoveries - 1 103 230 7 341 Ending balance $ 897 $ 462 $ 950 $ 2,577 $ 734 $ 5,620 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 75 $ - $ 75 Collectively evaluated for impairment $ 897 $ 462 $ 950 $ 2,502 $ 734 $ 5,545 Loan receivables: Ending balance $ 215,899 $ 41,482 $ 68,328 $ 223,653 $ 29,895 $ 579,257 Ending balance: Individually evaluated for impairment $ 6,354 $ 2,357 $ 1,154 $ 448 $ 398 $ 10,711 Collectively evaluated for impairment $ 209,545 $ 39,125 $ 67,174 $ 223,205 $ 29,497 $ 568,546 Commercial Residential Commercial and Indirect Consumer Totals December 31, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision (credit) for loan losses (45 ) (140 ) 578 1,539 168 2,100 Loans charged-off (303 ) - (37 ) (1,607 ) (66 ) (2,013 ) Recoveries 123 5 122 833 19 1,102 Ending balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 50 $ - $ 50 Collectively evaluated for impairment $ 1,080 $ 320 $ 1,542 $ 2,865 $ 789 $ 6,596 Loan receivables: Ending balance $ 223,030 $ 43,534 $ 83,203 $ 297,144 $ 30,095 $ 677,006 Ending balance: Individually evaluated for impairment $ 2,507 $ 2,285 $ 297 $ 452 $ 208 $ 5,749 Collectively evaluated for impairment $ 220,523 $ 41,249 $ 82,906 $ 296,692 $ 29,887 $ 671,257 In the normal course of business, the Company grants loans to officers, directors and other related parties. Balances and activity of such loans during the periods presented were not material.

Premises and Equipment

Premises and Equipment	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Premises and Equipment	4. Premises and Equipment Premises and equipment are summarized as follows: March 31, December 31, 2019 2018 (unaudited) Land $ 3,536 $ 3,536 Buildings and improvements 23,564 23,534 Furniture, fixtures and equipment 11,749 11,708 Construction in process 215 51 Total 39,064 38,829 Less accumulated depreciation (22,109 ) (21,789 ) Net $ 16,955 $ 17,040

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2019
Goodwill, Impaired [Abstract]
Goodwill	5. Goodwill The changes in the carrying value of goodwill are as follows: RAM Three Months Year Ended (unaudited) Beginning balance $ 1,410 $ 1,505 Impairment - (95 ) Ending balance $ 1,410 $ 1,410 Accumulated impairment $ 1,116 $ 1,116 In 2018 the Company tested the goodwill recorded for RAM and determined that a write-down of $95 was required to reflect impairment due to the loss of expected revenue.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	6. Intangible Assets The changes in the carrying value of customer list intangible are as follows: RAM Three Months Year Ended (Unaudited) Beginning balance $ 284 $ 326 Amortization (11 ) (42 ) Ending balance $ 273 $ 284 Accumulated amortization and impairment $ 674 $ 663 The value assigned to customer list intangibles is based upon a multiple of the amount of commission revenue generated from the identified premiums. The customer lists are expected to have useful lives of 13 years and 4 months. The Company recognized $11 and $42 of amortization expense related to its intangible assets for the quarter ended March 31, 2019 and the year ended December 31, 2018. At March 31, 2019, based upon the amount of future commission revenue available from the then existing RAM customer premiums on hand, the Company determined that the fair value of the amortizable intangible assets exceeded their carrying values. As of March 31, 2019 the future amortization expense for amortizable intangible assets for the respective years is as follows: 2019 $ 31 2020 42 2021 42 2022 42 2023 42 Thereafter 74

Deposits

Deposits	3 Months Ended
	Mar. 31, 2019
Deposits [Abstract]
Deposits	7. Deposits Deposits balances are summarized as follows: March 31, December 31, 2019 2018 (unaudited) Noninterest bearing demand deposits $ 159,626 $ 171,829 Interest bearing accounts: NOW 94,698 99,715 Savings 120,786 126,822 Money market 134,681 130,356 Time certificates of deposit 174,233 155,696 Total interest bearing accounts 524,398 512,589 Total deposits $ 684,024 $ 684,418 Included in time certificates of deposit at March 31, 2019 and December 31, 2018 were reciprocal deposits totaling $22,147 and $21,515, respectively, with original maturities of one to three years. Time certificates of deposit in denominations of $250 or greater were $28,190 and $16,644 as of March 31, 2019 and December 31, 2018, respectively. Contractual maturities of time certificates of deposit at March 31, 2019 are summarized below: March 31, 2019 (unaudited) Within 1 year $ 99,290 1 - 2 years 52,321 2 - 3 years 14,366 3 - 4 years 2,908 4 - 5 years 5,348 Total $ 174,233

Long-Term Debt and FHLB Stock

Long-Term Debt and FHLB Stock	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt and FHLB Stock	8. Long-Term Debt and FHLB Stock FHLB Borrowings and Stock The Bank is a member of the FHLB. At March 31, 2019 and December 31, 2018, the Bank had access to a preapproved secured line of credit with the FHLB of $442,413 and $441,134, respectively. Borrowings under this line require collateralization through the pledge of specific loans and securities. At March 31, 2019 and December 31, 2018, the Bank had pledged assets of $149,112 and $145,805, respectively. At March 31, 2019 and December 31, 2018, the Bank had outstanding overnight line of credit balances with FHLB of $59,800 and $0, respectively. These borrowings mature the following business day. The interest rate was 2.66% at March 31, 2019. At March 31, 2019, the Bank also had structured borrowings in the amount of $17,045. The outstanding principal amounts and the related terms and rates at March 31, 2019 were as follows: Term Principal Maturity Rate Due in one year Long term 1 year amortizing 1,262 May 15, 2019 2.50 % 1,262 - 1 year amortizing 1,681 June 7, 2019 2.53 % 1,681 - 2 year amortizing 3,157 May 15, 2020 2.78 % 2,517 640 2 year amortizing 3,364 June 8, 2020 2.76 % 2,511 853 3 year amortizing 7,581 May 17, 2021 2.92 % 3,308 4,273 Total $ 17,045 Weighted Average Rate 2.62 % $ 11,279 $ 5,766 The Bank is required to maintain an investment in capital stock of the FHLB, as collateral, in an amount equal to a certain percentage of its outstanding debt. FHLB stock is considered restricted stock and is carried at cost. The Bank evaluates for impairment based on the ultimate recovery ability of the cost. No impairment was recognized at either March 31, 2019 or December 31, 2018. Subordinated Debt As part of the reorganization completed on January 16, 2019, the Company acquired both of the common securities and related obligations of the RSB Capital Trust I (“Trust”). The Trust, which has no independent assets or operations, was formed in 2005 for the sole purpose of issuing trust preferred securities and investing the proceeds thereof in an equivalent amount of junior subordinated debentures. Trust preferred securities are currently considered Tier 1 capital for purposes of determining the Bank’s capital ratios. The trust securities also bear interest at 3-month LIBOR plus 2.00%. The duration of the Trust is 30 years. The subordinated debt securities of $5,155 are unsecured obligations of the Company and are subordinate and junior in right of payment to all present and future senior indebtedness of the Company. The Company has entered into a guarantee, which together with its obligations under the subordinated debt securities and the declaration of trust governing the Trust, including its obligations to pay costs, expenses, debts and liabilities, other than trust securities, provides a full and unconditional guarantee of amounts on the capital securities. The subordinated debentures, which bear interest at 3-month LIBOR plus 2.00% (4.651% at March 31, 2019 and 4.653% at December 31, 2018) mature on May 23, 2035. Other Borrowings In December 2018 Rhinebeck Bancorp, MHC entered into an agreement with Atlantic Community Bankers Bank to provide it with a $5,000 line of credit at a rate equal to the Wall Street Journal prime rate of interest plus 0.50% to provide a temporary source of additional funds. At December 31, 2018 the entire line was drawn and the funds were down-streamed to the Bank as capital to support year-end capital ratios that were impacted by the influx of cash for subscription orders related to the reorganization and stock offering. On January 15, 2019 the Bank paid a $5,100 dividend to Rhinebeck Bancorp, MHC which then paid off the borrowing. After the closing of the offering, the facility converted to Rhinebeck Bancorp, Inc. and remains in place for backstop liquidity purposes. On March 31, 2019, the Company had no amount outstanding on the line. The Bank also has an unsecured, uncommitted $10,000 line of credit with Zions Bank. There were no advances outstanding under this line of credit at March 31, 2019 and December 31, 2018.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The components of the provision for income taxes are as follows: Three Months Ended March 31, 2019 2018 (unaudited) Current expense (benefit): Federal $ 352 $ 172 State 6 7 Total 358 179 Deferred expense: Federal (133 ) (47 ) Total provision for income taxes $ 225 $ 132 The following is a reconciliation between the expected federal statutory income tax rate of 21% and the Company’s actual income tax expense and rate: Three Months ended March 31, 2019 2018 (unaudited) Provision at statutory rate $ 238 21 % $ 157 21 % Tax exempt income (21 ) (1 )% (24 ) (3 )% State income taxes, net of federal income tax benefit 5 0 % 6 1 % Other, net 3 0 % (7 ) (1 ) % Effective income tax and rate $ 225 20 % $ 132 18 % The tax effects of temporary differences that give rise to significant components of the deferred tax assets and deferred tax liabilities at March 31, 2019 and December 31, 2018 are presented below: March 31, December 31, 2019 2018 (unaudited) Deferred tax assets: Allowance for loan losses $ 1,939 $ 1,794 Deferred expenses 829 783 Unrecognized pension liability 1,165 1,179 Postretirement liability 920 914 Deferred loss on OREO 187 187 Unrealized loss on securities 408 685 State tax NOLs 780 779 Other 151 134 Gross deferred tax assets 6,379 6,455 Deferred tax liabilities: Prepaid expenses (234 ) (241 ) Prepaid pension (1,289 ) (1,305 ) Deferred loan fees (185 ) (170 ) Depreciation and amortization (166 ) (105 ) Mortgage servicing rights (606 ) (615 ) Gross deferred tax liabilities (2,480 ) (2,436 ) Net deferred tax asset 3,899 4,019 Deferred tax valuation allowance (1,123 ) (1,085 ) Deferred tax assets, net of allowance $ 2,776 $ 2,934 In management’s opinion, it is expected that in future years there will be no opportunity to reverse the New York State deferred tax assets (“DTAs”) to provide for a reduction in New York State income taxes. Therefore, management has established a full valuation allowance to recognize the fully diminished value of these DTAs. Retained earnings at March 31, 2019 and December 31, 2018 include a contingency reserve for loan losses of $1,534 which represents the tax reserve balance existing at December 31, 1987 and is maintained in accordance with provisions of the Internal Revenue Code applicable to mutual savings banks. Amounts transferred to the reserve have been claimed as deductions from taxable income and, if the reserve is used for purposes other than to absorb losses on loans, a federal income tax liability could be incurred. It is not anticipated that the Company will incur a federal income tax liability relating to this reserve balance and accordingly, deferred income taxes of $414 at March 31, 2019 and December 31, 2018 have not been recognized.

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2019
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Employee Benefits	10. Employee Benefits Pension Plan The Bank maintains a noncontributory defined benefit pension plan covering substantially all of its employees 21 years of age or older who had completed at least one year of service as of June 30, 2012, the effective date on which, the Board of Directors of Rhinebeck Bank voted to freeze the Bank’s defined benefit plan. The following table sets forth the plan’s funded status and amounts recognized in the Company’s consolidated statements of financial condition: Three months Year ended 2019 2018 (unaudited) Projected and accumulated benefit obligation $ (18,298 ) $ (18,241 ) Plan assets at fair value 18,704 17,459 Funded status included in other liabilities $ 406 $ (782 ) The net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss) are as follows: Three months Year ended 2019 2018 (unaudited) Interest cost $ 185 $ 689 Expected return on plan assets 235 (1,074 ) Amortization of unrecognized loss 90 374 Net periodic cost (benefit) $ 510 $ (11 ) The expected long-term rate of return on plan assets has been determined by applying historical average investment returns from published indexes relating to the current allocation of assets in the plan. Plan assets are invested in pooled separate accounts consisting of underlying investments in nine diversified investment funds. As of March 31, 2019 and December 31, 2018, the investment funds included six equity funds and four fixed income funds, comprised of three bond funds and a real estate fund, each with its own investment objectives, investment strategies and risks, as detailed in the Company’s investment policy statement. The Company determines the appropriate strategic asset allocation versus plan liabilities, as governed by the investment policy statement. The assets of the plan are invested under the supervision of the Company’s investment committee in accordance with the investment policy statement. The investment options of the plan are chosen in a manner consistent with generally accepted standards of fiduciary responsibility. The investment performance of the Company’s individual investment managers, with the assistance of the Company’s investment consultant, is monitored on a quarterly basis and is reviewed at least annually relative to the objectives and guidelines as stated in the Company’s investment policy statement. The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows : March 31, 2019 Level1 Level 2 Level 3 Total (unaudited) Assets: Investment in separate accounts Fixed income $ - $ 14,406 $ - $ 14,406 Equity - 4,298 - 4,298 Total assets at fair value $ - $ 18,704 $ - $ 18,704 December 31, 2018 Level1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ - $ 13,638 $ - $ 13,638 Equity - 3,821 - 3,821 Total assets at fair value $ - $ 17,459 $ - $ 17,459 The pooled separate accounts are valued at the net asset per unit based on either the observable net asset value of the underlying investment or the net asset value of the underlying pool of securities. Net asset value is based on the value of the underlying assets owned by the fund, minus its liabilities and then divided by the number of shares outstanding. Pooled separate accounts are classified within level 2 of the valuation hierarchy described in Note 1. For a detailed disclosure on the Bank’s pension and employee benefits plans, please refer to Note 11 of the Company’s Consolidated Financial Statements for the year ended December 31, 2018 included in the Company’s Annual Report on Form 10-K . Defined Contribution Plan The Company sponsors a 401(k) defined contribution plan. Participants are permitted, in accordance with the provisions of Section 401(k) of the Internal Revenue Code, to contribute up to 25% of their earnings (as defined) into the plan with the Company matching up to 6%, subject to Internal Revenue Service limitations. The Company’s contributions charged to operations amounted to $225 and $196 for the three months ended March 31, 2019 and 2018, respectively. Bank Owned Life Insurance The Company has an investment in and is the beneficiary of, life insurance policies on the lives of certain officers and trustees. The purpose of these life insurance policies is to provide income through the appreciation in cash surrender value of the policies, which is expected to offset the cost of the deferred compensation plans. These policies have aggregate cash surrender values of $18,118 and $18,018 at March 31, 2019 and December 31, 2018, respectively. Net earnings on these policies aggregated $100 and $99 for the three months ended March 31, 2019 and 2018, respectively, which are included in noninterest income in the consolidated statements of income. Deferred Compensation Arrangements Directors’ Plan The Bank’s Deferred Compensation Plan for Fees of Directors (the “Directors’ Plan”; as amended and restated effective January 1, 2005) covers Directors who elect to defer receipt of all or a portion of their fees until separation from service. Upon resignation, retirement, or death the participant’s total deferred compensation, including earnings thereon, will be paid out. At March 31, 2019 and December 31, 2018, total amounts due of $1,851 and $1,687, respectively, are included in accrued expenses and other liabilities. Total expenses related to the Directors’ Plan for the three months ended March 31, 2019 and 2018 were both $32, which were included in noninterest expense in the consolidated statements of income. Executive Long-Term Incentive and Retention Plan The Bank maintains an Executive Long-Term Incentive and Retention Plan (the “Executive Plan”). Participation in the Executive Plan is limited to officers of the Company designated as participants by the Board of Directors and who filed a properly completed and executed participation agreement in accordance with the terms of the Executive Plan. Under the Executive Plan, the Board of Directors may grant annual incentive awards equal to a percentage of a participant’s base salary at the rate in effect on the last day of the Plan year, as determined by the Board of Directors based on the attainment of criteria established annually by the Board of Directors. Incentive awards under the Executive Plan are credited to the participant’s incentive benefit account as of the last day of the Executive Plan year to which the award relates and earn interest at a rate determined annually by the Board of Directors. Participants vest in their benefit accounts in accordance with the vesting schedule approved by the Board of Directors, which ranges from one to five years of service. At March 31, 2019 and December 31, 2018, $991 and $975, respectively, is included in accrued expenses and other liabilities, which represents the cumulative amounts deferred and earnings thereon. The Company recognized expenses of $137 and $113 for the three months ended March Group Term Replacement Plan Under the terms of the “Group Term Replacement Plan”, the Company provides postretirement life insurance benefits to certain officers. The liability related to these postretirement benefits is being accrued over the individual participants’ service period and aggregated $1,290 and $1,276, respectively, at March 31, 2019 and December 31, 2018. The Company recognized expenses of $13 for each of the three month periods ended March 31, 2019 and March 31, 2018, related to this plan which are included in salaries and employee benefits expense in the consolidated statements of income. Other Director and Officer Postretirement Benefits The Company has individual fee continuation agreements with certain directors and a supplemental retirement agreement with an executive officer which provide for fixed postretirement benefits to be paid to the directors and the officer, or their beneficiaries, for periods ranging from 15 to 20 years. In addition, the Company has agreements with certain directors which provide for certain postretirement life insurance benefits. The liability related to these postretirement benefits is being accrued over the individual participants’ service period and aggregated $2,116 and $2,108, respectively, at March 31, 2019 and December 31, 2018. The Company recognized expenses of $24 and $26 for the three months ended March 31, 2019 and 2018, respectively, related to these benefits which are included in other noninterest expenses in the consolidated statements of income. Employee Stock Ownership Plan On January 1, 2019, the Bank established an Employee Stock Ownership Plan (“ESOP”) to provide eligible employees the opportunity to own Company stock. The plan is a tax-qualified retirement plan for the benefit of Bank employees. On January 16 2019, the Company granted a loan to the ESOP for the purchase of 436,425 shares of the Company’s common stock at a price of $10.00 per share. The loan obtained by the ESOP from the Company to purchase the common stock is payable annually over 20 years at a rate per annum equal to the Prime Rate, reset annually on January 1st (5.5% at December 31, 2018). Loan payments are principally funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid. The balance of the ESOP loan at March 31, 2019 was $4.4 million. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The number of shares committed to be released annually is 21,821 through 2039. Shares held by the ESOP include the following: March 31, 2019 Allocated - Committed to be allocated 5,455 Unallocated 430,970 Total shares 436,425 The fair value of unallocated shares was $5.2 million at March 31, 2019. Total compensation expense recognized in connection with the ESOP for the three months ended March 31, 2019 was $91.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Leases and Subleases The Company leases certain branch offices and equipment under operating lease agreements which expire at various dates through 2025. The Company has the option to renew the leases for its branch offices at fair rental values. In addition to rental payments, the branch leases require payments for property taxes in excess of base year taxes. As of March 31, 2019, future minimum rental commitments under the terms of these leases, by year and in the aggregate, are as follows: Years ending December 31: 2019 $ 673 2020 641 2021 564 2022 509 2023 486 2024 and beyond 477 Total $ 3,350 Total rental expense charged to operations for cancelable and non-cancelable operating leases was $162 and $160 for the three months ended March 31, 2019 and 2018, respectively. Rental income under subleases was $68 and $81 for the three months ended March 31, 2019 and 2018, respectively. Legal Matters The Company is involved in various legal proceedings which have arisen in the normal course of business. Management believes that resolution of these matters will not have a material effect on the Company's financial condition or results of operations. Employment Agreements The Company has entered into employment agreements with certain officers. The agreements provide for base salaries and incentive compensation based on performance criteria outlined in the agreements. The agreements also provide for insurance and various other benefits.

Financial Instruments with Off-

Financial Instruments with Off-Balance-Sheet Risk	3 Months Ended
	Mar. 31, 2019
Financial Instruments With Off-Balance-Sheet Risk [Abstract]
Financial Instruments with Off-Balance-Sheet Risk	12. Financial Instruments with Off-Balance-Sheet Risk In the normal course of business, the Company is a party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include standby letters of credit and commitments to extend credit, which include new loan commitments and undisbursed portions of construction loans and other lines of credit. These financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the statements of financial condition. The contractual amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The contractual amounts of commitments to extend credit represent the amounts of potential loss should the contract be fully drawn upon, the customer defaults and the value of any existing collateral become worthless. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Financial instruments whose contract amounts represent off-balance sheet credit risk are as follows: March 31, December 31, 2019 2018 (unaudited) Commitments to extend credit summarized as follows: Future loan commitments $ 3,861 $ 3,157 Undisbursed construction loans 11,549 16,289 Undisbursed home equity lines of credit 9,391 9,532 Undisbursed commercial and other line of credit 57,150 50,773 Standby letters of credit 2,163 1,785 Total $ 84,114 $ 81,536 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Since these commitments could expire without being drawn upon, the total commitment 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 counterparty. Collateral held varies but may include residential and commercial property, deposits and securities.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
Regulatory Matters	13. Regulatory Matters The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company's and the Bank’s assets, liabilities and certain off-balance-sheet items, as calculated under regulatory accounting practices. The Company's and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The final rules implementing the BASEL Committee on Banking Supervisor’s Capital Guidance for U.S. Banks (BASEL III) became effective for the Company and Bank on January 1, 2016. Compliance with the requirements was phased in over a four year period with full compliance as of January 1, 2019. All presented capital ratios are calculated using BASEL III rules. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the tables below) of total, common equity Tier 1 and Tier I 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, 2019 and December 31, 2018, that the Company and the Bank met all capital adequacy requirements to which they are subject. The most recent notification from the Federal Deposit Insurance Corporation (“FDIC”) categorized the Bank as “well capitalized” under the regulatory framework. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, common equity Tier 1, Tier I risk-based and Tier I leverage ratios as set forth in the table below. There are no conditions or events since then, which management believes have changed the Bank's category. The Company’s and Bank's actual capital amounts and ratios were: Actual For Capital To be Well Amount Ratio Amount Ratio Amount Ratio March 31, 2019 (unaudited) Rhinebeck Bancorp, Inc. Total capital (to risk-weighted assets) $ 114,202 15.05 % $ 60,700 8.00 % $ 75,875 10.00 % Tier 1 capital (to risk-weighted assets) 107,019 14.10 % 45,525 6.00 % 60,700 8.00 % Common equity tier one capital (to risk weighted assets) 107,019 14.10 % 34,144 4.50 % 49,318 6.50 % Tier 1 capital (to average assets) 107,019 12.31 % 34,665 4.00 % 43,331 5.00 % Rhinebeck Bank Total capital (to risk-weighted assets) $ 105,447 13.90 % $ 60,705 8.00 % $ 75,881 10.00 % Tier 1 capital (to risk-weighted assets) 98,264 12.95 % 45,528 6.00 % 60,705 8.00 % Common equity tier one capital (to risk weighted assets) 98,264 12.95 % 34,146 4.50 % 49,323 6.50 % Tier 1 capital (to average assets) 98,264 11.34 % 34,552 4.00 % 43,190 5.00 % December 31, 2018 Rhinebeck Bancorp, MHC Total capital (to risk-weighted assets) $ 71,243 9.71 % $ 58,707 8.00 % $ 73,383 10.00 % Tier 1 capital (to risk-weighted assets) 64,597 8.80 % 44,030 6.00 % 58,707 8.00 % Common equity tier one capital (to risk weighted assets) 64,597 8.80 % 33,023 4.50 % 47,699 6.50 % Tier 1 capital (to average assets) 64,597 7.63 % 33,849 4.00 % 42,311 5.00 % Rhinebeck Bank Total capital (to risk-weighted assets) $ 81,222 11.07 % $ 58,694 8.00 % $ 73,368 10.00 % Tier 1 capital (to risk-weighted assets) 74,576 10.16 % 44,021 6.00 % 58,694 8.00 % Common equity tier one capital (to risk weighted assets) 74,576 10.16 % 33,016 4.50 % 47,689 6.50 % Tier 1 capital (to average assets) 74,576 8.80 % 33,901 4.00 % 42,376 5.00 %

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value	14. Fair Value As described in Note 1, the Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. A description of the valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value for financial and non-financial instruments not recorded at fair value, is set forth below. Cash and Due from Banks, Accrued Interest Receivable and Mortgagors' Escrow Accounts The carrying amount is a reasonable estimate of fair value. Available for Sale and Held to Maturity Securities Where quoted prices are available in an active market for identical securities, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include marketable equity securities and U.S. Treasury obligations. If quoted prices are not available, then fair values are estimated by using pricing models (i.e., matrix pricing) or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. Examples of such instruments include government agency bonds, mortgage-backed securities and municipal bonds. The Company does not have any Level 3 securities for which significant unobservable inputs are utilized. Available for sale securities are recorded at fair value on a recurring basis and held to maturity securities are only disclosed at fair value. FHLB Stock The carrying value of FHLB stock approximates fair value based on the redemption provisions of the FHLB. Loans Loans receivable are carried at cost. For variable rate loans which reprice frequently and have no significant change in credit risk, carrying values are a reasonable estimate of fair values, adjusted for credit losses inherent in the portfolios. The fair value of fixed rate loans is estimated by discounting the future cash flows using the year end rates, estimated using local market data, at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, adjusted for credit losses inherent in the portfolios. The Company does not record loans at fair value on a recurring basis. However, from time to time, nonrecurring fair value adjustments to collateral-dependent impaired loans are recorded to reflect partial write-downs based on the observable market price or current appraised value of collateral. The fair value of loans held for sale is estimated using quoted market prices. Other Real Estate Owned Other real estate owned represents real estate acquired through foreclosure and is carried at the lower of cost or fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. These assets are included as Level 3 fair values, based upon the lowest level of input that is utilized in the fair value measurements. Mortgage Servicing Rights The fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated future net servicing income. Deposits Deposit liabilities are carried at cost. The fair value of NOW, savings and money market deposits is the amount payable on demand at the reporting date. The fair value of time certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently being offered for deposits of similar remaining maturities estimated using local market data to a schedule of aggregated expected maturities on such deposits. Advances from the FHLB The fair value of the advances is estimated using a discounted cash flow calculation that applies current FHLB interest rates for advances of similar maturity to a schedule of maturities of such advances. Subordinated Debt Based on the floating rate characteristic of these instruments, the carrying value is considered to approximate fair value. Other Borrowings Based on the floating rate characteristic of these instruments, the carrying value is considered to approximate fair value. Off-Balance -Sheet Instruments Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties' credit standings. Such amounts are not significant. The following tables detail the assets that are carried at fair value on a recurring basis as of the periods shown and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Balance (Level 1) (Level 2) (Level 3) March 31, 2019 (unaudited) U.S. Treasury securities $ 2,990 $ 2,990 $ - $ - U.S. government agency mortgage-backed securities-residential 88,109 - 88,109 - U.S. government agency securities 16,632 - 16,632 - Municipal securities 1,241 - 1,241 - Other 423 - 423 - Total $ 109,395 $ 2,990 $ 106,405 $ - December 31, 2018 U.S. Treasury securities $ 2,971 $ 2,971 $ - $ - U.S. government agency mortgage-backed securities-residential 80,216 - 80,216 - U.S. government agency securities 16,468 - 16,468 - Municipal securities 1,232 - 1,232 - 425 - 425 - Total $ 101,312 2,971 $ 98,341 $ - The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of March 31, 2019 and December 31, 2018 and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: Balance Quoted Prices Significant Significant March 31, 2019 (unaudited) Impaired loans, with specific reserves $ 122 $ - $ - $ 122 Other real estate owned - - - - Total $ 122 $ - $ - $ 122 December 31, 2018 Impaired loans, with specific reserves $ 128 $ - $ - $ 128 Other real estate owned 935 - - 935 Total $ 1,063 $ - $ - $ 1,063 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information About Level 3 Fair Value Measurements Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) March 31, 2019 (unaudited) Impaired loans $ 122 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20 % Other real estate owned 0 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6 % Appraisal adjustments (2) 0% to 20 % December 31, 2018 Impaired loans $ 128 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20 % Other real estate owned 935 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6 % Appraisal adjustments (2) 0% to 20 % (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value. (3) Estimated costs to sell. The Company discloses fair value information about financial instruments, whether or not recognized in the statements of financial condition, for which it is practicable to estimate that value. Certain financial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair value amounts for 2019 and 2018 have been measured as of their respective reporting dates and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than amounts reported at each year-end. The information presented should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company's assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other companies may not be meaningful. As of the following dates, the carrying value and fair values of the Company's financial instruments were: March 31, December 31, 2019 2018 (unaudited) Carrying Fair Carrying Fair Financial Assets: Cash and due from banks (Level 2) $ 15,439 $ 15,439 $ 50,590 $ 50,590 Available for sale securities (Level 2) 109,395 109,395 101,312 101,312 FHLB stock (Level 2) 3,919 3,919 1,883 1,883 Loans, net (Level 3) 706,882 706,606 678,402 674,287 Accrued interest receivable (Level 2) 2,782 2,782 2,523 2,523 Mortgage servicing rights (Level 3) 2,246 4,284 2,278 4,667 Financial Liabilities: Deposits (Level 2) 684,024 683,660 684,418 683,163 Mortgagors escrow accounts (Level 2) 6,311 6,311 7,725 7,725 FHLB advances (Level 2) 76,845 76,845 31,598 31,598 Subordinated debt and other borrowings (Level 2) 5,155 5,155 10,155 10,155

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue Recognition [Abstract]
Revenue Recognition	15. Revenue Recognition The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. The main types of revenue contracts included in non-interest income within the consolidated statements of operations are as follows: · Fees for services to customers include service charges on deposits which are included as liabilities in the consolidated statements of financial condition and consist of transaction-based fees: stop payment fees, Automated Clearing House (ACH) fees, account maintenance fees, wire fees, official check fees and overdraft services fees for various retail and business checking customers. These fees are charged as earned on the day of the transaction or within the month of the service. Service charges on deposits are withdrawn directly from the customer’s account balance. ATM and debit card fees are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Sales of checks to depositors earn fees as a contractual discount to the retail price of the sale from a third-party provider. These fees earned are remitted by the third-party to the Company quarterly. · The Company earns interchange fee income from credit/debit cardholder transactions conducted through MasterCard payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized monthly, concurrently with the transaction processing services provided to the cardholder within the month. · The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed; at this time the OREO asset is derecognized and the gain or loss on the sale is recorded. Rental income received from leased OREO property is recognized during the month it is earned. · Retail brokerage and advisory fee income is accrued monthly to properly record the revenues in the month they are earned. Advisory fees are collected in advance on a quarterly basis. These advisory fees are recorded in the first month of the quarter for which the service is being performed. Investments into mutual funds and annuities generate fees that are recorded as revenue at the time of the initial sale. In subsequent years the mutual funds and variable annuities generate recurring fees (referred to as 12B-1 fees) that are paid in advance on the anniversary of the original transaction. Fees that are transaction based are recognized at the point in time that the transaction is executed (i.e. trade date). Life insurance products are sold on a commission basis that generates a fee that is recorded as revenue within the month of the approved transaction. · Other income includes rental income, mortgage origination and service fees and late fees on serviced mortgages. All items are recorded as revenue within the month that the service is provided.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	16. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the three months ended March 31, 2019 and 2018, is as follows: Accumulated Other Comprehensive Loss (1) Defined Unrealized gains Total Balance at December 31, 2018 $ (339 ) $ (6,673 ) $ (7,012 ) Other comprehensive (loss) gain before reclassifications (15 ) 1,041 1,025 Amounts reclassified from accumulated other comprehensive loss 70 - 71 Period change 55 1,041 1,096 Balance at March 31, 2019 (unaudited) $ (284 ) $ ( 5,632 ) $ (5,916 ) Balance at December 31, 2017 $ (534 ) $ (6,421 ) $ (6,955 ) Other comprehensive loss before reclassifications - (1,073 ) (1,073 ) Amounts reclassified from accumulated other comprehensive loss - (1 ) (1 ) Period change - (1,074 ) (1,074 ) Balance at March 31, 2018 (unaudited) $ (534 ) $ (7,495 ) $ (8,029 ) (1) All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0 %. Details about accumulated other comprehensive loss components are as follows: Amount Reclassified from Affected Line Item in the 2019 2018 (unaudited) Securities available for sale (1) Net securities losses reclassified into earnings $ - $ (1 ) Gain on sale of investments, net Related income tax expense - - Income taxes Net effect on accumulated other other comprehensive loss for the period - (1 ) Defined benefit pension plan (2) Amortization of net loss and prior service costs (90 ) - Compensation and employee benefits Related income tax expense 20 - Income taxes Net effect on accumulated other other comprehensive loss for the period (70 ) - Total reclassifications for the period $ (70 ) $ (1 ) (1) For additional details related to unrealized gains and losses on securities and related amounts reclassified from accumulated other comprehensive loss see Note 2, “Investment Securities.” (2) Included in the computation of net periodic pension cost. See Note 10, “Employee Benefits” for additional details.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	17 . Earnings Per Share Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially dilutive common stock equivalents as of March 31, 2019. Earnings per share data is not applicable for the period ended March 31, 2018 because the Company had not yet been formed and had no shares outstanding. (Dollars in thousands, except for per share data) Three months ended (unaudited) Net income applicable to common stock $ 911 Average number of common shares outstanding 11,133,290 Less: Average unallocated ESOP shares 433,698 Average number of common shares outstanding used to calculate basic earnings per common share 10,699,592 Earnings per Common share: Basic $ 0.09 Diluted $ 0.09

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statements Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, as of the date of the consolidated statements of financial condition and reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of securities and other real estate owned, the evaluation of investment securities for other-than-temporary impairment, the evaluation of goodwill for impairment, the valuation of deferred tax assets and the determination of pension obligations.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. As a result of the reorganization, the consolidation refers to the Company and the Bank for the March 31, 2019 period and Rhinebeck Bancorp, MHC and the Bank for the 2018 periods. All significant intercompany accounts and transactions have been eliminated in consolidation.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located in the New York State counties of Dutchess, Ulster, Orange, Columbia, Putnam, and Albany. Although the Company has a diversified loan portfolio, a substantial portion of its customers’ abilities to repay their loans is dependent on the economic conditions in the territories in which the Company operates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and due from banks and federal funds sold are recognized as cash equivalents in the consolidated statements of financial condition and cash flows. Federal funds sold generally mature in one day. The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
Investment in Debt and Marketable Equity Securities	Investment in Debt and Marketable Equity Securities Debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and are recorded at amortized cost. “Trading” securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held to maturity or trading, including equity securities with readily determinable fair values, are classified as “available for sale” and are recorded at fair value, with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive loss, net of taxes. Purchase premiums and discounts are recognized in interest income using the interest method over the maturity terms of the securities. Realized gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. The Company evaluates securities for other-than temporary impairment on a regular basis. The evaluation considers several factors including the amount of the unrealized loss, the period of time the security has been in a loss position and the credit standing of the issuer. When the Company does not intend to sell the security and it is likely that the Company will not be required to sell the security before recovery of its cost basis, the credit loss determined due to a permanent impairment will be recognized in earnings. The credit loss component recognized is identified as the amount of future principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow estimates discounted at the applicable original yield of the security.
Loans Receivable	Loans Receivable Loans that the Company has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for unearned income, including any allowance for loan losses and any unamortized deferred fees or costs. Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and amortized as a level yield adjustment 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. Consumer automobile and installment loans are typically charged off no later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual status 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 non-accrual status or charged off, is reversed against interest income. The interest on these loans is accounted for on the cash-basis method until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
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 earnings. Loan losses are charged against the allowance when management determines all or part of the loan balance is uncollectible. 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 size and composition of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance calculation methodology involves segregation of the total loan portfolio into segments. The Company’s loans receivable portfolio is comprised of the following segments: commercial real estate, residential real estate, commercial and industrial and consumer. The segments of the Company’s loans receivable portfolio are further disaggregated into classes based on identified associated risks within those segments. This allows management to better monitor risk and performance. Commercial real estate loans are separated into the two classes: non-residential and multi-family. Non-residential and multi-family loans include long-term loans financing commercial properties and include both owner and non-owner occupied properties. Construction loans, which include land loans, are comprised mostly of non-owner occupied projects, whereby the property is generally under development and tends to have more risk than the owner occupied loans. The Company grants loans for the construction of residential homes, residential developments and land development projects. Repayment of these loans is mostly dependent upon either the ongoing cash flows of the borrowing entity or the resale or lease of the subject property. Residential real estate loans are secured by the borrower’s residential real estate generally in a first lien position. Residential mortgages have varying loan interest rates depending on the financial condition of the borrower, the loan to value ratio and the term of the loan. The commercial and industrial loan segment consists of loans made for purposes of financing the activities of commercial customers. The assets financed through commercial and industrial loans are used within the business for its ongoing operations. Repayment of commercial and industrial loans predominately comes from the cash flows of the business or the ongoing operations of assets. Consumer loans are classified into the following three classes: indirect automobile loans, home equity loans and other consumer loans. Indirect automobile loans are secured by the borrowers’ automobiles and originated through the Company’s relationships with the automobile dealers in the various counties in the Company’s service area. Home equity loans are secured by the borrower’s residential real estate in a first or second lien position. Other direct consumer loans may be unsecured. The Company has established credit policies applicable to each type of lending activity in which it engages. The Company evaluates the creditworthiness of each customer and, in most cases, extends credit of up to 80% of the market value of the collateral at the date of the credit extension. The Company’s credit policies determine advance rates against the different forms of collateral that can be pledged against commercial and industrial and commercial real estate loans. Typically, the majority of loans will be limited to a percentage of their underlying collateral values such as real estate values, automobiles, equipment, eligible accounts receivable and inventory. Individual loan advance rates may be higher or lower depending upon the financial strength of the borrower, past experience with the borrower, the nature of the collateral, competitive offerings and/or the term of the loan. The market value of collateral is monitored on an ongoing basis and additional collateral may be obtained when warranted. While collateral provides some assurance as a secondary source of repayment, the Company ordinarily requires the primary source of repayment to be based on the borrower's ability to generate continuing sufficient cash flows. The Company's policy for collateral requires that, generally, the amount of the loan may not exceed 90% of the original appraised value of the property. Private mortgage insurance is usually required for that portion of the loan in excess of 80% of the appraised value of the property. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated at least quarterly or when credit deficiencies arise, such as when loan payments are delinquent. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans classified as special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. The allowance consists of specific and general components. The specific component relates to loans that are considered impaired. For such impaired loans, an allowance is established when the discounted cash flows (or observable market price or collateral value if the loan is collateral dependent) of the impaired loan is lower than the carrying value of that loan. The general component covers all other loans, segregated generally by loan type and is based on historical loss experience with adjustments for qualitative factors which are made after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss data. These qualitative risk factors generally include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices. 2. National, regional and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. Size and composition of the portfolio and the terms of loans. 4. Volume and severity of past due, classified and non-accrual loans as well as loan modifications. 5. Existence and effect of any concentrations of credit and changes in the level of such concentrations. 6. Effect of external factors, such as competition and legal and regulatory requirements. 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 are not necessarily 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 real estate 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. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loans’ collateral. For loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the size of the loan, age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted for expected sales costs to arrive at the estimated recognizable value of the collateral, which is considered to be the estimated fair value. The recorded investment in consumer mortgages and loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $640 and $526 on March 31, 2019 and December 31, 2018, respectively. For loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. The evaluation of the need and amount of the allowance for impaired loans and whether a loan can be removed from impairment status is made on a quarterly basis. The Company’s policy for recognizing interest income on impaired loans does not differ from its overall policy for interest recognition. The Company may grant a concession or modification for economic or legal reasons related to a borrower's financial condition that it would not otherwise consider resulting in a modified loan which is then identified as a troubled debt restructuring (“TDR”). These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Company's allowance for loan losses. The Company identifies loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower's financial statements, revenue projections, tax returns and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, negative trends, or specific conditions may result in a payment default in the near future. Regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate.
Loans Held for Sale	Loans Held for Sale Loans held for sale are those mortgage loans the Company has the intent to sell in the foreseeable future and are carried at the lower of aggregate cost or market value, with valuation changes recorded in noninterest income. Gains and losses on sales of loans are recognized at the trade dates and are determined by the difference between the sales proceeds and the carrying value of the loans. Mortgage loans held for sale are generally sold with the mortgage servicing rights retained by the Company. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loans sold. Mortgage service rights are recorded at fair value and amortized over the life of the loan.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the transferor does not maintain effective control over the transferred assets through either (a) an agreement that both entitles and obligates the transferor to repurchase or redeem the assets before maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a cleanup call.
Mortgage Servicing Assets	Mortgage Servicing Mortgage s ervicing assets are recognized as separate assets developed through the sale of mortgages. Servicing rights are initially recorded at fair value with the income statement effect recorded in gain or loss on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into noninterest income in proportion to and over the period of the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is recognized through a valuation allowance and charged to noninterest income, to the extent that fair value is less than the capitalized amount. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase to income.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in operations. Costs relating to the development and improvement of the property are capitalized, subject to the resulting limit of fair value of the collateral. Gains or losses are included in operations upon disposal. Other real estate owned (“OREO”) included $935 and $935 of residential real estate and $698 and $750 of commercial property at March 31, 2019 and December 31, 2018, respectively.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation is charged to operations using the straight-line method over the estimated useful lives of the related assets. Rent expense is charged to operations over the expected lease term using the straight-line method. Leasehold improvements are amortized over the shorter of the improvements' estimated economic lives or the related lease terms. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company purchased bank owned life insurance (“BOLI”) on a chosen group of employees and trustees. The Company is the owner and sole beneficiary of the policies. Earnings from BOLI are recognized as part of noninterest income. BOLI is carried at cash surrender value. Death benefit proceeds received in excess of the policies cash surrender values are recognized in income upon receipt. The Company does not intend to surrender these policies and, accordingly, no deferred taxes have been provided.
Goodwill and Amortizable Intangible Assets	Goodwill and Amortizable Intangible Assets The excess of the purchase price of an acquisition over the net fair value of the identifiable tangible and intangible assets and liabilities is assigned to goodwill. Goodwill is not amortizable, but is subject to at least an annual assessment, or more frequently in the presence of certain circumstances, for impairment. Other intangible assets are stated at cost, less accumulated amortization and consist of purchased customer accounts. Purchased customer accounts primarily consist of records and files that contain information about investment holdings. These assets are amortized on a straight-line basis over the related estimated lives of 13 years and 4 months. In the presence of certain circumstances, intangible assets may be assessed for impairment as well. Impairment exists when carrying value exceeds its fair value. In such circumstances a charge for the relevant impairment is recognized and the net book value is reduced to the appropriate value.
Income taxes	Income Taxes The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that all or some portion of the deferred tax assets will not be realized. When tax returns are filed, it is highly expected that most positions taken would be sustained upon examination by the taxing authorities, while others may be subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company had no liabilities for uncertain tax positions at March 31, 2019 and December 31, 2018. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as an additional provision for income taxes in the consolidated statements of income.
Comprehensive Income or Loss	Comprehensive Income or Loss GAAP requires that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities and the net actuarial gain or loss of the defined benefit pension plan, are reported as a separate component of the stockholders’ equity section of the consolidated statements of financial condition, such items, along with net income, are components of comprehensive income or loss.
Fair Value	Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. 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 is best determined based upon quoted market prices. However, in certain instances, there are no quoted market prices for certain assets or liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the asset or liability. Fair value measurements focus on exit prices in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The Company's fair value measurements are classified into a fair value hierarchy based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The three categories within the hierarchy are as follows: Level 1 Quoted prices in active markets for identical assets and liabilities. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active; and model-based valuation techniques for which all significant inputs are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.
Reclassifications	Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation.
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements Effective January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU No. 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. The Company used the modified retrospective method for transition with the cumulative effect recognized as of the date of initial application with no restatement of prior periods. The adoption did not have a material effect on the Company’s financial statements as the recognition of interest income has been scoped out of the guidance and noninterest income recognition is similar to current revenue recognition practices. See Note 15 for additional information related to the adoption of ASU No. 2014-09. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016 - In June 2016, the FASB issued ASU No. 2016-13 on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU requires credit losses on most financial assets be measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (“CECL”) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The measurement of expected credit losses is based upon relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. This ASU is effective for the Company in 2021. Early adoption is permitted in 2019. The Company is currently assessing the effect that ASU No. 2016-13 will have on its consolidated financial statements. Effective January 1, 2019, the Company adopted ASU No. 2018-07, “Compensation- Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”. This update expands the scope of Topic 718 to include share based payment transactions for acquiring goods and services from nonemployees. As a result, nonemployee share based payment awards will be measured at the grant-date fair value of the equity instruments that an entity is obligated to issue when the service has been rendered, subject to the probability of satisfying performance conditions when applicable. The Company has not and does not expect to engage in this type of compensation practice, and therefore this update did not and likely will not, have an effect on the Company.
Emerging Growth Company Status	Emerging Growth Company Status As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company intends to take advantage of the benefits of the extended transition periods allowed under the Jumpstart Our Business Startups Act. Accordingly, the Company's consolidated financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards reflect those that relate to non-issuer companies.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities	March 31, 2019 Amortized Cost Gross Unrealized Gross Unrealized Fair Value (unaudited) U.S. Treasury securities $ 3,033 $ - $ (43 ) $ 2,990 U.S. government agency mortgage-backed securities-residential 89,740 115 (1,746 ) 88,109 U.S. government agency securities 16,914 - (282 ) 16,632 Municipal securities ¹ 1,229 12 - 1,241 Other 423 - - 423 Total $ 111,339 $ 127 $ (2,071 ) $ 109,395 December 31, 2018 U.S. Treasury securities $ 3,036 $ - $ (65 ) $ 2,971 U.S. government agency mortgage-backed securities-residential 82,965 8 (2,757 ) 80,216 U.S. government agency securities 16,919 - (451 ) 16,468 Municipal securities ¹ 1,228 4 - 1,232 Other 425 - - 425 Total $ 104,573 $ 12 $ (3,273 ) $ 101,312 ¹ The issuers of municipal securities are all within New York State.
Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position	Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized March 31, 2019 (unaudited) U.S. Treasury securities $ - $ - $ 2,990 $ (43 ) $ 2,990 $ (43 ) U.S. government agency mortgage-backed securities-residential - - 72,050 (1,746 ) 72,050 (1,746 ) U.S. government agency securities - - 16,632 (282 ) 16,632 (282 ) Total $ - $ - $ 91,672 $ (2,071 ) $ 91,672 $ (2,071 ) December 31, 2018 U.S. Treasury securities $ - $ - $ 2,971 $ (65 ) $ 2,971 $ (65 ) U.S. government agency mortgage-backed securities-residential 1,669 (4 ) 76,586 (2,753 ) 78,255 (2,757 ) U.S. government agency securities 0 0 16,468 (451 ) 16,468 (451 ) Total $ 1,669 $ (4 ) $ 96,025 $ (3,269 ) $ 97,694 $ (3,273 )
Schedule of maturities of debt securities	March 31, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Maturity: Within 1 year $ 1,221 $ 1,213 $ 1,221 $ 1,210 After 1 but within 5 years 17,246 16,933 17,253 16,780 After 5 but within 10 years 1,975 1,972 1,975 1,945 After 10 years 734 745 734 736 Total Maturities 21,176 20,863 21,183 20,671 Mortgage-backed securities 89,740 88,109 82,965 80,216 Other 423 423 425 425 Total $ 111,339 $ 109,395 $ 104,573 $ 101,312

Loans and allowance for loan _2

Loans and allowance for loan losses (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of summary loan portfolio	March 31, December 31, 2019 2018 (unaudited) Commercial real estate loans: Construction $ 9,131 $ 12,870 Non-residential 206,736 197,499 Multi-family 18,495 12,661 Residential real estate loans 40,793 43,534 Commercial loans: 83,655 83,203 Consumer loans: Indirect automobile 316,866 297,144 Home equity 19,132 19,269 Other consumer 10,639 10,826 Total gross loans 705,447 677,006 Net deferred loan costs 8,618 8,042 Allowance for loan losses (7,183 ) (6,646 ) Total net loans $ 706,882 $ 678,402
Schedule of loans by risk rating and portfolio segment	March 31, 2019 Special Pass Mention Substandard Doubtful Total (unaudited) Commercial real estate: Construction $ 9,131 $ - $ - $ - $ 9,131 Non-residential 196,250 6,804 3,682 - 206,736 Multifamily 18,102 - 393 - 18,495 Residential 38,510 - - 2,283 40,793 Commercial and industrial 81,925 696 1,034 - 83,655 Consumer: Indirect automobile 316,342 - - 524 316,866 Home equity 18,939 - - 193 19,132 Other consumer 10,635 - - 4 10,639 Total $ 689,834 $ 7,500 $ 5,109 $ 3,004 $ 705,447 December 31, 2018 Special Pass Mention Substandard Doubtful Total Commercial real estate: Construction $ 12,870 $ - $ - $ - $ 12,870 Non-residential 186,020 6,840 4,639 - 197,499 Multifamily 12,261 - 400 - 12,661 Residential 41,249 - - 2,285 43,534 Commercial and industrial 81,111 965 1,124 3 83,203 Consumer: Indirect automobile 296,692 - - 452 297,144 Home equity 19,071 - - 198 19,269 Other consumer 10,816 - - 10 10,826 Total $ 660,090 $ 7,805 $ 6,163 $ 2,948 $ 677,006
Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans	March 31, 2019 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual (unaudited) Commercial real estate: Construction $ 9,131 $ - $ - $ - $ 9,131 $ - Non-residential 201,853 2,128 248 2,507 206,736 2,507 Multifamily 18,124 72 299 - 18,495 - Residential 39,587 120 526 560 40,793 2,208 Commercial and industrial 83,329 326 - - 83,655 280 Consumer: Indirect automobile 311,512 4,271 585 498 316,866 524 Home equity 18,269 493 275 95 19,132 192 Other consumer 10,397 236 2 4 10,639 4 Total $ 692,202 $ 7,646 $ 1,935 $ 3,664 $ 705,447 $ 5,715 December 31, 2018 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: Construction $ 12,870 $ - $ - $ - $ 12,870 $ - Non-residential 193,273 1,466 253 2,507 197,499 2,507 Multifamily 12,487 174 - - 12,661 - Residential 42,083 305 615 531 43,534 2,208 Commercial and industrial 82,992 206 1 4 83,203 297 Consumer: Indirect automobile 291,369 4,429 915 431 297,144 452 Home equity 18,905 264 - 100 19,269 198 Other consumer 10,601 186 29 10 10,826 10 Total $ 664,580 $ 7,030 $ 1,813 $ 3,583 $ 677,006 $ 5,672
Schedule of information to impaired loans by loan portfolio class	March 31, 2019 Recorded Unpaid Related Average With no related allowance recorded: (unaudited) Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,507 2,601 - 2,507 Multifamily - - - - Residential 2,208 2,515 - 2,246 Commercial and industrial 280 409 - 289 Consumer: Indirect automobile 337 392 - 305 Home equity 192 208 - 195 Other consumer 4 4 - 7 Total $ 5,528 $ 6,129 $ - $ 5,549 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - - Multifamily - - - - Residential - - - - Commercial and industrial - - - - Consumer: Indirect automobile 187 208 65 183 Home equity - - - - Other consumer - - - - Total $ 187 $ 208 $ 65 $ 183 Total: Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,507 2,601 - 2,507 Multifamily - - - - Residential 2,208 2,515 - 2,246 Commercial and industrial 280 409 - 289 Consumer: Indirect automobile 524 600 65 488 Home equity 192 208 - 195 Other consumer 4 4 - 7 Total $ 5,715 $ 6,337 $ 65 $ 5,732 December 31, 2018 Recorded Unpaid Related Average With no related allowance recorded: Commercial real estate: Construction $ - $ - $ - $ 563 Non-residential 2,507 2,601 - 3,023 Multifamily - - - - Residential 2,208 2,523 - 2,196 Commercial and industrial 297 421 - 758 Consumer: Indirect automobile 274 320 - 242 Home equity 198 211 - 158 Other consumer 10 10 - 5 Total $ 5,494 $ 6,086 $ - $ 6,945 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - 451 Multifamily - - - - Residential - - - - Commercial and industrial - - - 9 Consumer: Indirect automobile 178 191 50 205 Home equity - - - - Other consumer - - - 2 Total $ 178 $ 191 $ 50 $ 667 Total: Commercial real estate: Construction $ - $ - $ - $ 563 Non-residential 2,507 2,601 - 3,474 Multifamily - - - - Residential 2,208 2,523 - 2,196 Commercial and industrial 297 421 - 767 Consumer: Indirect automobile 452 511 50 447 Home equity 198 211 - 158 Other consumer 10 10 - 7 Total $ 5,672 $ 6,277 $ 50 $ 7,612
Schedule of loan balances by segment	Commercial Residential Commercial and Indirect Consumer Totals Three months ended March 31, 2019 Allowance for loan losses: (unaudited) Beginning balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Provision (credit) for loan losses 79 (35 ) 37 703 (4 ) 780 Loans charged-off - - (5 ) (495 ) (6 ) (506 ) Recoveries - 1 1 257 4 263 Ending balance $ 1,159 $ 286 $ 1,575 $ 3,380 $ 783 $ 7,183 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 65 $ - $ 65 Collectively evaluated for impairment $ 1,159 $ 286 $ 1,575 $ 3,315 $ 783 $ 7,118 Loan receivables: Ending balance $ 234,362 $ 40,793 $ 83,655 $ 316,866 $ 29,771 $ 705,447 Ending balance: Individually evaluated for impairment $ 2,507 $ 2,283 $ 280 $ 524 $ 196 $ 5,790 Collectively evaluated for impairment $ 231,855 $ 38,510 $ 83,375 $ 316,342 $ 29,575 $ 699,657 Commercial Residential Commercial and Indirect Consumer Totals Three months ended March 31, 2018 Allowance for loan losses: (unaudited) Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision (credit) for loan losses (105 ) 6 (13 ) 570 67 525 Loans charged-off (303 ) - (19 ) (373 ) (8 ) (703 ) Recoveries - 1 103 230 7 341 Ending balance $ 897 $ 462 $ 950 $ 2,577 $ 734 $ 5,620 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 75 $ - $ 75 Collectively evaluated for impairment $ 897 $ 462 $ 950 $ 2,502 $ 734 $ 5,545 Loan receivables: Ending balance $ 215,899 $ 41,482 $ 68,328 $ 223,653 $ 29,895 $ 579,257 Ending balance: Individually evaluated for impairment $ 6,354 $ 2,357 $ 1,154 $ 448 $ 398 $ 10,711 Collectively evaluated for impairment $ 209,545 $ 39,125 $ 67,174 $ 223,205 $ 29,497 $ 568,546 Commercial Residential Commercial and Indirect Consumer Totals December 31, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision (credit) for loan losses (45 ) (140 ) 578 1,539 168 2,100 Loans charged-off (303 ) - (37 ) (1,607 ) (66 ) (2,013 ) Recoveries 123 5 122 833 19 1,102 Ending balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 50 $ - $ 50 Collectively evaluated for impairment $ 1,080 $ 320 $ 1,542 $ 2,865 $ 789 $ 6,596 Loan receivables: Ending balance $ 223,030 $ 43,534 $ 83,203 $ 297,144 $ 30,095 $ 677,006 Ending balance: Individually evaluated for impairment $ 2,507 $ 2,285 $ 297 $ 452 $ 208 $ 5,749 Collectively evaluated for impairment $ 220,523 $ 41,249 $ 82,906 $ 296,692 $ 29,887 $ 671,257

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	March 31, December 31, 2019 2018 (unaudited) Land $ 3,536 $ 3,536 Buildings and improvements 23,564 23,534 Furniture, fixtures and equipment 11,749 11,708 Construction in process 215 51 Total 39,064 38,829 Less accumulated depreciation (22,109 ) (21,789 ) Net $ 16,955 $ 17,040

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill, Impaired [Abstract]
Schedule of changes in the carrying value of goodwill	RAM Three Months Year Ended (unaudited) Beginning balance $ 1,410 $ 1,505 Impairment - (95 ) Ending balance $ 1,410 $ 1,410 Accumulated impairment $ 1,116 $ 1,116

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of changes in the carrying value of customer list intangible	RAM Three Months Year Ended (Unaudited) Beginning balance $ 284 $ 326 Amortization (11 ) (42 ) Ending balance $ 273 $ 284 Accumulated amortization and impairment $ 674 $ 663
Schedule of future amortization expense for amortizable intangible assets	2019 $ 31 2020 42 2021 42 2022 42 2023 42 Thereafter 74

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2019
Deposits [Abstract]
Schedule of deposits	March 31, December 31, 2019 2018 (unaudited) Noninterest bearing demand deposits $ 159,626 $ 171,829 Interest bearing accounts: NOW 94,698 99,715 Savings 120,786 126,822 Money market 134,681 130,356 Time certificates of deposit 174,233 155,696 Total interest bearing accounts 524,398 512,589 Total deposits $ 684,024 $ 684,418
Schedule of contractual maturities of time certificates of deposit	March 31, 2019 (unaudited) Within 1 year $ 99,290 1 - 2 years 52,321 2 - 3 years 14,366 3 - 4 years 2,908 4 - 5 years 5,348 Total $ 174,233

Long-Term Debt and FHLB Stock (

Long-Term Debt and FHLB Stock (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of outstanding principal amounts and related terms of FHLBNY borrowings	Term Principal Maturity Rate Due in one year Long term 1 year amortizing 1,262 May 15, 2019 2.50 % 1,262 - 1 year amortizing 1,681 June 7, 2019 2.53 % 1,681 - 2 year amortizing 3,157 May 15, 2020 2.78 % 2,517 640 2 year amortizing 3,364 June 8, 2020 2.76 % 2,511 853 3 year amortizing 7,581 May 17, 2021 2.92 % 3,308 4,273 Total $ 17,045 Weighted Average Rate 2.62 % $ 11,279 $ 5,766

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of components of the provision for income taxes	Three Months Ended March 31, 2019 2018 (unaudited) Current expense (benefit): Federal $ 352 $ 172 State 6 7 Total 358 179 Deferred expense: Federal (133 ) (47 ) Total provision for income taxes $ 225 $ 132
Schedule of differences between the provision for income taxes and statutory federal income tax rate	Three Months ended March 31, 2019 2018 (unaudited) Provision at statutory rate $ 238 21 % $ 157 21 % Tax exempt income (21 ) (1 )% (24 ) (3 )% State income taxes, net of federal income tax benefit 5 0 % 6 1 % Other, net 3 0 % (7 ) (1 ) % Effective income tax and rate $ 225 20 % $ 132 18 %
Schedule of tax effects of temporary differences of the deferred tax assets and deferred tax liabilities	March 31, December 31, 2019 2018 (unaudited) Deferred tax assets: Allowance for loan losses $ 1,939 $ 1,794 Deferred expenses 829 783 Unrecognized pension liability 1,165 1,179 Postretirement liability 920 914 Deferred loss on OREO 187 187 Unrealized loss on securities 408 685 State tax NOLs 780 779 Other 151 134 Gross deferred tax assets 6,379 6,455 Deferred tax liabilities: Prepaid expenses (234 ) (241 ) Prepaid pension (1,289 ) (1,305 ) Deferred loan fees (185 ) (170 ) Depreciation and amortization (166 ) (105 ) Mortgage servicing rights (606 ) (615 ) Gross deferred tax liabilities (2,480 ) (2,436 ) Net deferred tax asset 3,899 4,019 Deferred tax valuation allowance (1,123 ) (1,085 ) Deferred tax assets, net of allowance $ 2,776 $ 2,934

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2019
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition	Three months Year ended 2019 2018 (unaudited) Projected and accumulated benefit obligation $ (18,298 ) $ (18,241 ) Plan assets at fair value 18,704 17,459 Funded status included in other liabilities $ 406 $ (782 )
Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss)	Three months Year ended 2019 2018 (unaudited) Interest cost $ 185 $ 689 Expected return on plan assets 235 (1,074 ) Amortization of unrecognized loss 90 374 Net periodic cost (benefit) $ 510 $ (11 )
Schedule of fair value of pension plan assets, by fair value hierarchy	March 31, 2019 Level1 Level 2 Level 3 Total (unaudited) Assets: Investment in separate accounts Fixed income $ - $ 14,406 $ - $ 14,406 Equity - 4,298 - 4,298 Total assets at fair value $ - $ 18,704 $ - $ 18,704 December 31, 2018 Level1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ - $ 13,638 $ - $ 13,638 Equity - 3,821 - 3,821 Total assets at fair value $ - $ 17,459 $ - $ 17,459
Schedule of employee stock ownership plan	March 31, 2019 Allocated - Committed to be allocated 5,455 Unallocated 430,970 Total shares 436,425

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental commitments under the terms of these lease	Years ending December 31: 2019 $ 673 2020 641 2021 564 2022 509 2023 486 2024 and beyond 477 Total $ 3,350

Financial Instruments with Of_2

Financial Instruments with Off-Balance-Sheet Risk (Tables)	3 Months Ended
	Mar. 31, 2019
Financial Instruments With Off-Balance-Sheet Risk [Abstract]
Schedule of contract amounts represent off-balance sheet credit risk	March 31, December 31, 2019 2018 (unaudited) Commitments to extend credit summarized as follows: Future loan commitments $ 3,861 $ 3,157 Undisbursed construction loans 11,549 16,289 Undisbursed home equity lines of credit 9,391 9,532 Undisbursed commercial and other line of credit 57,150 50,773 Standby letters of credit 2,163 1,785 Total $ 84,114 $ 81,536

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	Actual For Capital To be Well Amount Ratio Amount Ratio Amount Ratio March 31, 2019 (unaudited) Rhinebeck Bancorp, Inc. Total capital (to risk-weighted assets) $ 114,202 15.05 % $ 60,700 8.00 % $ 75,875 10.00 % Tier 1 capital (to risk-weighted assets) 107,019 14.10 % 45,525 6.00 % 60,700 8.00 % Common equity tier one capital (to risk weighted assets) 107,019 14.10 % 34,144 4.50 % 49,318 6.50 % Tier 1 capital (to average assets) 107,019 12.31 % 34,665 4.00 % 43,331 5.00 % Rhinebeck Bank Total capital (to risk-weighted assets) $ 105,447 13.90 % $ 60,705 8.00 % $ 75,881 10.00 % Tier 1 capital (to risk-weighted assets) 98,264 12.95 % 45,528 6.00 % 60,705 8.00 % Common equity tier one capital (to risk weighted assets) 98,264 12.95 % 34,146 4.50 % 49,323 6.50 % Tier 1 capital (to average assets) 98,264 11.34 % 34,552 4.00 % 43,190 5.00 % December 31, 2018 Rhinebeck Bancorp, MHC Total capital (to risk-weighted assets) $ 71,243 9.71 % $ 58,707 8.00 % $ 73,383 10.00 % Tier 1 capital (to risk-weighted assets) 64,597 8.80 % 44,030 6.00 % 58,707 8.00 % Common equity tier one capital (to risk weighted assets) 64,597 8.80 % 33,023 4.50 % 47,699 6.50 % Tier 1 capital (to average assets) 64,597 7.63 % 33,849 4.00 % 42,311 5.00 % Rhinebeck Bank Total capital (to risk-weighted assets) $ 81,222 11.07 % $ 58,694 8.00 % $ 73,368 10.00 % Tier 1 capital (to risk-weighted assets) 74,576 10.16 % 44,021 6.00 % 58,694 8.00 % Common equity tier one capital (to risk weighted assets) 74,576 10.16 % 33,016 4.50 % 47,689 6.50 % Tier 1 capital (to average assets) 74,576 8.80 % 33,901 4.00 % 42,376 5.00 %

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of assets carried at fair value on a recurring basis	Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Balance (Level 1) (Level 2) (Level 3) March 31, 2019 (unaudited) U.S. Treasury securities $ 2,990 $ 2,990 $ - $ - U.S. government agency mortgage-backed securities-residential 88,109 - 88,109 - U.S. government agency securities 16,632 - 16,632 - Municipal securities 1,241 - 1,241 - Other 423 - 423 - Total $ 109,395 $ 2,990 $ 106,405 $ - December 31, 2018 U.S. Treasury securities $ 2,971 $ 2,971 $ - $ - U.S. government agency mortgage-backed securities-residential 80,216 - 80,216 - U.S. government agency securities 16,468 - 16,468 - Municipal securities 1,232 - 1,232 - 425 - 425 - Total $ 101,312 2,971 $ 98,341 $ -
Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis	Balance Quoted Prices Significant Significant March 31, 2019 (unaudited) Impaired loans, with specific reserves $ 122 $ - $ - $ 122 Other real estate owned - - - - Total $ 122 $ - $ - $ 122 December 31, 2018 Impaired loans, with specific reserves $ 128 $ - $ - $ 128 Other real estate owned 935 - - 935 Total $ 1,063 $ - $ - $ 1,063
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis	Quantitative Information About Level 3 Fair Value Measurements Fair Value Valuation Unobservable Range March 31, 2019 (unaudited) Impaired loans $ 122 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20 % Other real estate owned 0 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6 % Appraisal adjustments (2) 0% to 20 % December 31, 2018 Impaired loans $ 128 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20 % Other real estate owned 935 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6 % Appraisal adjustments (2) 0% to 20 % (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value. (3) Estimated costs to sell.
Schedule of carrying value and fair values of the financial instruments	March 31, December 31, 2019 2018 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and due from banks (Level 2) $ 15,439 $ 15,439 $ 50,590 $ 50,590 Available for sale securities (Level 2) 109,395 109,395 101,312 101,312 FHLB stock (Level 2) 3,919 3,919 1,883 1,883 Loans, net (Level 3) 706,882 706,606 678,402 674,287 Accrued interest receivable (Level 2) 2,782 2,782 2,523 2,523 Mortgage servicing rights (Level 3) 2,246 4,284 2,278 4,667 Financial Liabilities: Deposits (Level 2) 684,024 683,660 684,418 683,163 Mortgagors escrow accounts (Level 2) 6,311 6,311 7,725 7,725 FHLB advances (Level 2) 76,845 76,845 31,598 31,598 Subordinated debt and other borrowings (Level 2) 5,155 5,155 10,155 10,155

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive loss activity	Accumulated Other Comprehensive Loss (1) Defined Unrealized gains Total Balance at December 31, 2018 $ (339 ) $ (6,673 ) $ (7,012 ) Other comprehensive (loss) gain before reclassifications (15 ) 1,041 1,025 Amounts reclassified from accumulated other comprehensive loss 70 - 71 Period change 55 1,041 1,096 Balance at March 31, 2019 (unaudited) $ (284 ) $ ( 5,632 ) $ (5,916 ) Balance at December 31, 2017 $ (534 ) $ (6,421 ) $ (6,955 ) Other comprehensive loss before reclassifications - (1,073 ) (1,073 ) Amounts reclassified from accumulated other comprehensive loss - (1 ) (1 ) Period change - (1,074 ) (1,074 ) Balance at March 31, 2018 (unaudited) $ (534 ) $ (7,495 ) $ (8,029 ) (1) All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0 %.
Schedule of accumulated other comprehensive loss components	Amount Reclassified from Affected Line Item in the 2019 2018 (unaudited) Securities available for sale (1) Net securities losses reclassified into earnings $ - $ (1 ) Gain on sale of investments, net Related income tax expense - - Income taxes Net effect on accumulated other other comprehensive loss for the period - (1 ) Defined benefit pension plan (2) Amortization of net loss and prior service costs (90 ) - Compensation and employee benefits Related income tax expense 20 - Income taxes Net effect on accumulated other other comprehensive loss for the period (70 ) - Total reclassifications for the period $ (70 ) $ (1 ) (1) For additional details related to unrealized gains and losses on securities and related amounts reclassified from accumulated other comprehensive loss see Note 2, “Investment Securities.” (2) Included in the computation of net periodic pension cost. See Note 10, “Employee Benefits” for additional details.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	(Dollars in thousands, except for per share data) Three months ended (unaudited) Net income applicable to common stock $ 911 Average number of common shares outstanding 11,133,290 Less: Average unallocated ESOP shares 433,698 Average number of common shares outstanding used to calculate basic earnings per common share 10,699,592 Earnings per Common share: Basic $ 0.09 Diluted $ 0.09

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Detail Textuals) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)Branch	Dec. 31, 2018USD ($)	Mar. 31, 2018USD ($)
Nature Of Business And Significant Accounting Policies [Line Items]
Other Real Estate	$ 1,633	$ 1,685
Number of branches | Branch	11
Percentage of credit extension	80.00%
Threshold percentage for loan amount against the original appraised value of the property	90.00%
Threshold percentage for private mortgage insurance required for that portion of loan	80.00%
Amount of consumer mortgages and loans secured by residential real estate properties in process of foreclosure	$ 640	526
Amortization method purchased customer accounts	Straight-line basis
Useful life of purchased customer accounts	13 years 4 months
Commercial real estate
Nature Of Business And Significant Accounting Policies [Line Items]
Other Real Estate	$ 698	$ 750
Residential real estate
Nature Of Business And Significant Accounting Policies [Line Items]
Other Real Estate	$ 935		$ 935

Available for Sale Securities (

Available for Sale Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 111,339	$ 104,573
Gross Unrealized Gains		127	12
Gross Unrealized Losses		(2,071)	(3,273)
Fair Value		109,395	101,312
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		3,033	3,036
Gross Unrealized Gains		0	0
Gross Unrealized Losses		(43)	(65)
Fair Value		2,990	2,971
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		89,740	82,965
Gross Unrealized Gains		115	8
Gross Unrealized Losses		(1,746)	(2,757)
Fair Value		88,109	80,216
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		16,914	16,919
Gross Unrealized Gains		0	0
Gross Unrealized Losses		(282)	(451)
Fair Value		16,632	16,468
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	1,229	1,228
Gross Unrealized Gains	[1]	12	4
Gross Unrealized Losses	[1]	0	0
Fair Value	[1]	1,241	1,232
Other
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		423	425
Gross Unrealized Gains		0	0
Gross Unrealized Losses		0	0
Fair Value		$ 423	$ 425
[1]	Includes $19 for the three months ended March 31, 2019 and $0 for the three months ended March 31, 2018 for tax effect of amortization of net actuarial loss included in the provision for income taxes on the consolidated statements of income.

Available for Sale Securities_2

Available for Sale Securities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	$ 0	$ 1,669
Less Than 12 Months Unrealized Losses	0	(4)
12 Months or Longer Fair Value	91,672	96,025
12 Months or Longer Unrealized Losses	(2,071)	(3,269)
Fair Value	91,672	97,694
Unrealized Losses	(2,071)	(3,273)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	0	0
Less Than 12 Months Unrealized Losses	0	0
12 Months or Longer Fair Value	2,990	2,971
12 Months or Longer Unrealized Losses	(43)	(65)
Fair Value	2,990	2,971
Unrealized Losses	(43)	(65)
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	0	1,669
Less Than 12 Months Unrealized Losses	0	(4)
12 Months or Longer Fair Value	72,050	76,586
12 Months or Longer Unrealized Losses	(1,746)	(2,753)
Fair Value	72,050	78,255
Unrealized Losses	(1,746)	(2,757)
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	0	0
Less Than 12 Months Unrealized Losses	0	0
12 Months or Longer Fair Value	16,632	16,468
12 Months or Longer Unrealized Losses	(282)	(451)
Fair Value	16,632	16,468
Unrealized Losses	$ (282)	$ (451)

Available for Sale Securities_3

Available for Sale Securities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Amortized Cost
Within 1 year	$ 1,221	$ 1,221
After 1 but within 5 years	17,246	17,253
After 5 but within 10 years	1,975	1,975
After 10 years	734	734
Total Maturities	21,176	21,183
Mortgage-backed securities	89,740	82,965
Other	423	425
Amortized Cost	111,339	104,573
Fair Value
Within 1 year	1,213	1,210
After 1 but within 5 years	16,933	16,780
After 5 but within 10 years	1,972	1,945
After 10 years	745	736
Total Maturities	20,863	20,671
Mortgage-backed securities	88,109	80,216
Other	423	425
Fair Value	$ 109,395	$ 101,312

Available for Sale Securities_4

Available for Sale Securities (Detail Textuals) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)Individual	Mar. 31, 2019USD ($)Individual
Debt Securities, Available-for-sale [Line Items]
Number of individual available-for-sale securities with unrealized losses | Individual	96	92
Unrealized Losses	$ 3,273	$ 2,071
Aggregate percentage of depreciation	3.35%	2.26%
Proceeds from the sale of available for sale securities and calls	$ 2,113
Losses on sales of investment securities	22
Federal Home Loan Bank of New York ("FHLBNY") | Available-for-sale Securities
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged to secure Federal Home Loan Bank of New York ("FHLBNY") borrowings	27,465	$ 26,837
Available for sale securities pledged to secure Federal Reserve Bank of New York ("FRBNY") borrowings	$ 1,032	$ 1,191

Loans and allowance for loan _3

Loans and allowance for loan losses (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 705,447	$ 677,006	$ 579,257
Net deferred loan costs	8,618	8,042
Allowance for loan losses	(7,183)	(6,646)	(5,620)	$ (5,457)
Total net loans	706,882	678,402
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	234,362	223,030	215,899
Allowance for loan losses	(1,159)	(1,080)	(897)	(1,305)
Commercial real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	9,131	12,870
Commercial real estate | Non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	206,736	197,499
Commercial real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	18,495	12,661
Residential
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	40,793	43,534	41,482
Allowance for loan losses	(286)	(320)	(462)	(455)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	29,771	30,095	29,895
Allowance for loan losses	(783)	(789)	(734)	(668)
Consumer | Indirect automobile
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	316,866	297,144	223,653
Allowance for loan losses	(3,380)	(2,915)	(2,577)	(2,150)
Consumer | Home equity
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	19,132	19,269
Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	10,639	10,826
Commercial loans:
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	83,655	83,203	68,328
Allowance for loan losses	$ (1,575)	$ (1,542)	$ (950)	$ (879)

Loans and allowance for loan _4

Loans and allowance for loan losses (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 705,447	$ 677,006	$ 579,257
Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	689,834	660,090
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	7,500	7,805
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,109	6,163
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,004	2,948
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	234,362	223,030	215,899
Commercial real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	9,131	12,870
Commercial real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	9,131	12,870
Commercial real estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	206,736	197,499
Commercial real estate | Non-residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	196,250	186,020
Commercial real estate | Non-residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	6,804	6,840
Commercial real estate | Non-residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,682	4,639
Commercial real estate | Non-residential | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	18,495	12,661
Commercial real estate | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	18,102	12,261
Commercial real estate | Multifamily | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Multifamily | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	393	400
Commercial real estate | Multifamily | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	40,793	43,534	41,482
Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	38,510	41,249
Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,283	2,285
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	29,771	30,095	29,895
Consumer | Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	316,866	297,144	223,653
Consumer | Indirect automobile | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	316,342	296,692
Consumer | Indirect automobile | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Indirect automobile | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Indirect automobile | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	524	452
Consumer | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	19,132	19,269
Consumer | Home equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	18,939	19,071
Consumer | Home equity | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Home equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Home equity | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	193	198
Consumer | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,639	10,826
Consumer | Other consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,635	10,816
Consumer | Other consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Other consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Other consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4	10
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	83,655	83,203	$ 68,328
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	81,925	81,111
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	696	965
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,034	1,124
Commercial and industrial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 0	$ 3

Loans and allowance for loan _5

Loans and allowance for loan losses (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 692,202	$ 664,580
Total	705,447	677,006	$ 579,257
Nonaccrual	5,715	5,672
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	7,646	7,030
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,935	1,813
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	3,664	3,583
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	234,362	223,030	215,899
Commercial real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	9,131	12,870
Total	9,131	12,870
Nonaccrual	0	0
Commercial real estate | Construction | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Construction | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Construction | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	201,853	193,273
Total	206,736	197,499
Nonaccrual	2,507	2,507
Commercial real estate | Non-residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	2,128	1,466
Commercial real estate | Non-residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	248	253
Commercial real estate | Non-residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	2,507	2,507
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	18,124	12,487
Total	18,495	12,661
Nonaccrual	0	0
Commercial real estate | Multifamily | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	72	174
Commercial real estate | Multifamily | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	299	0
Commercial real estate | Multifamily | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	39,587	42,083
Total	40,793	43,534	41,482
Nonaccrual	2,208	2,208
Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	120	305
Residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	526	615
Residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	560	531
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	29,771	30,095	29,895
Consumer | Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	311,512	291,369
Total	316,866	297,144	223,653
Nonaccrual	524	452
Consumer | Indirect automobile | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	4,271	4,429
Consumer | Indirect automobile | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	585	915
Consumer | Indirect automobile | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	498	431
Consumer | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	18,269	18,905
Total	19,132	19,269
Nonaccrual	192	198
Consumer | Home equity | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	493	264
Consumer | Home equity | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	275	0
Consumer | Home equity | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	95	100
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	10,397	10,601
Total	10,639	10,826
Nonaccrual	4	10
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	236	186
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	2	29
Consumer | Other consumer | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	4	10
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	83,329	82,992
Total	83,655	83,203	$ 68,328
Nonaccrual	280	297
Commercial Portfolio Segment [Member] | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	326	206
Commercial Portfolio Segment [Member] | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	1
Commercial Portfolio Segment [Member] | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	$ 0	$ 4

Loans and allowance for loan _6

Loans and allowance for loan losses (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
With no related allowance recorded:
Recorded Investment	$ 5,528	$ 5,494
Unpaid Principal Balance	6,129	6,086
Average Recorded Investment	5,549	6,945
With an allowance recorded:
Recorded Investment	187	178
Unpaid Principal Balance	208	191
Related Allowance	65	50
Average Recorded Investment	183	667
Total:
Recorded Investment	5,715	5,672
Unpaid Principal Balance	6,337	6,277
Related Allowance	65	50
Average Recorded Investment	5,732	7,612
Commercial real estate | Construction
With no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	563
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	563
Commercial real estate | Non-residential
With no related allowance recorded:
Recorded Investment	2,507	2,507
Unpaid Principal Balance	2,601	2,601
Average Recorded Investment	2,507	3,023
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	451
Total:
Recorded Investment	2,507	2,507
Unpaid Principal Balance	2,601	2,601
Related Allowance	0	0
Average Recorded Investment	2,507	3,474
Commercial real estate | Multifamily
With no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Residential
With no related allowance recorded:
Recorded Investment	2,208	2,208
Unpaid Principal Balance	2,515	2,523
Average Recorded Investment	2,246	2,196
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	2,208	2,208
Unpaid Principal Balance	2,515	2,523
Related Allowance	0	0
Average Recorded Investment	2,246	2,196
Consumer | Indirect automobile
With no related allowance recorded:
Recorded Investment	337	274
Unpaid Principal Balance	392	320
Average Recorded Investment	305	242
With an allowance recorded:
Recorded Investment	187	178
Unpaid Principal Balance	208	191
Related Allowance	65	50
Average Recorded Investment	183	205
Total:
Recorded Investment	524	452
Unpaid Principal Balance	600	511
Related Allowance	65	50
Average Recorded Investment	488	447
Consumer | Home equity
With no related allowance recorded:
Recorded Investment	192	198
Unpaid Principal Balance	208	211
Average Recorded Investment	195	158
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	192	198
Unpaid Principal Balance	208	211
Related Allowance	0	0
Average Recorded Investment	195	158
Consumer | Other consumer
With no related allowance recorded:
Recorded Investment	4	10
Unpaid Principal Balance	4	10
Average Recorded Investment	7	5
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	2
Total:
Recorded Investment	4	10
Unpaid Principal Balance	4	10
Related Allowance	0	0
Average Recorded Investment	7	7
Commercial and industrial
With no related allowance recorded:
Recorded Investment	280	297
Unpaid Principal Balance	409	421
Average Recorded Investment	289	758
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	9
Total:
Recorded Investment	280	297
Unpaid Principal Balance	409	421
Related Allowance	0	0
Average Recorded Investment	$ 289	$ 767

Loans and allowance for loan _7

Loans and allowance for loan losses (Details 4) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Allowance for loan losses:
Beginning balance	$ 6,646	$ 5,457	$ 5,457
Provision (credit) for loan losses	780	525	2,100
Loans charged-off	(506)	(703)	(2,013)
Recoveries	263	341	1,102
Ending balance	7,183	5,620	6,646
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	65	75	50
Ending balance: Collectively evaluated for impairment	7,118	5,545	6,596
Loan receivables:
Ending balance	705,447	579,257	677,006
Ending balance: Individually evaluated for impairment	5,790	10,711	5,749
Ending balance: Collectively evaluated for impairment	699,657	568,546	671,257
Commercial real estate
Allowance for loan losses:
Beginning balance	1,080	1,305	1,305
Provision (credit) for loan losses	79	(105)	(45)
Loans charged-off	0	(303)	(303)
Recoveries	0	0	123
Ending balance	1,159	897	1,080
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	0	0	0
Ending balance: Collectively evaluated for impairment	1,159	897	1,080
Loan receivables:
Ending balance	234,362	215,899	223,030
Ending balance: Individually evaluated for impairment	2,507	6,354	2,507
Ending balance: Collectively evaluated for impairment	231,855	209,545	220,523
Residential
Allowance for loan losses:
Beginning balance	320	455	455
Provision (credit) for loan losses	(35)	6	(140)
Loans charged-off	0	0	0
Recoveries	1	1	5
Ending balance	286	462	320
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	0	0	0
Ending balance: Collectively evaluated for impairment	286	462	320
Loan receivables:
Ending balance	40,793	41,482	43,534
Ending balance: Individually evaluated for impairment	2,283	2,357	2,285
Ending balance: Collectively evaluated for impairment	38,510	39,125	41,249
Consumer
Allowance for loan losses:
Beginning balance	789	668	668
Provision (credit) for loan losses	(4)	67	168
Loans charged-off	(6)	(8)	(66)
Recoveries	4	7	19
Ending balance	783	734	789
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	0	0	0
Ending balance: Collectively evaluated for impairment	783	734	789
Loan receivables:
Ending balance	29,771	29,895	30,095
Ending balance: Individually evaluated for impairment	196	398	208
Ending balance: Collectively evaluated for impairment	29,575	29,497	29,887
Consumer | Indirect
Allowance for loan losses:
Beginning balance	2,915	2,150	2,150
Provision (credit) for loan losses	703	570	1,539
Loans charged-off	(495)	(373)	(1,607)
Recoveries	257	230	833
Ending balance	3,380	2,577	2,915
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	65	75	50
Ending balance: Collectively evaluated for impairment	3,315	2,502	2,865
Loan receivables:
Ending balance	316,866	223,653	297,144
Ending balance: Individually evaluated for impairment	524	448	452
Ending balance: Collectively evaluated for impairment	316,342	223,205	296,692
Commercial and industrial
Allowance for loan losses:
Beginning balance	1,542	879	879
Provision (credit) for loan losses	37	(13)	578
Loans charged-off	(5)	(19)	(37)
Recoveries	1	103	122
Ending balance	1,575	950	1,542
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	0	0	0
Ending balance: Collectively evaluated for impairment	1,575	950	1,542
Loan receivables:
Ending balance	83,655	68,328	83,203
Ending balance: Individually evaluated for impairment	280	1,154	297
Ending balance: Collectively evaluated for impairment	$ 83,375	$ 67,174	$ 82,906

Loans and allowance for loan _8

Loans and allowance for loan losses (Detail Textuals) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)Loan	Dec. 31, 2018USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loan	$ 1,745	$ 1,774
Number of loans default | Loan	3	3
Loan modified as default		$ 19
Number of charge off loans | Loan		1
Balance of capitalized servicing rights	$ 2,246	$ 2,278
Aggregate balances of loans serviced to third party	257,439	255,892
Home equity loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loan	$ 117
Number of loans default | Loan	2
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loan	$ 117
Number of loans default | Loan	2
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balances of loans held for sale	$ 184	$ 888

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total	$ 39,064	$ 38,829
Less accumulated depreciation	(22,109)	(21,789)
Net	16,955	17,040
Land
Property, Plant and Equipment [Line Items]
Total	3,536	3,536
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total	23,564	23,534
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	11,749	11,708
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 215	$ 51

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Beginning balance	$ 1,410
Ended balance	1,410	$ 1,410
RAM
Goodwill [Roll Forward]
Beginning balance	1,410	1,505
Impairment		(95)
Ended balance	1,410	1,410
Accumulated impairment	$ 1,116	$ 1,116

Goodwill (Detail Textuals)

Goodwill (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
RAM
Goodwill [Line Items]
Impairment loss on goodwill		$ 95

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite-lived Intangible Assets [Roll Forward]
Amortization	$ (11)	$ (11)	$ (42)
RAM
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	284	$ 326	326
Amortization	(11)		(42)
Ended balance	273		284
Accumulated amortization and impairment	$ 674		$ 663

Intangible Assets (Details 1)

Intangible Assets (Details 1) $ in Thousands	Mar. 31, 2019USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2019	$ 31
2020	42
2021	42
2022	42
2023	42
Thereafter	$ 74

Intangible Assets (Detail Textu

Intangible Assets (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 11	$ 11	$ 42
Useful life of purchased customer accounts	13 years 4 months
Customer lists
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life of purchased customer accounts	13 years 4 months

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Deposits [Abstract]
Noninterest bearing demand deposits	$ 159,626	$ 171,829
Interest bearing accounts:
NOW	94,698	99,715
Savings	120,786	126,822
Money market	134,681	130,356
Time certificates of deposit	174,233	155,696
Total interest bearing accounts	524,398	512,589
Total deposits	$ 684,024	$ 684,418

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Deposits [Abstract]
within 1 year	$ 99,290
1 - 2 years	52,321
2 - 3 years	14,366
3 - 4 years	2,908
4 - 5 years	5,348
Total	$ 174,233	$ 155,696

Deposits (Detail Textuals)

Deposits (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Deposits [Line Items]
Brokered Deposits	$ 22,147	$ 21,515
Time certificates of deposit in denominations of $250 or greater	$ 28,190	$ 16,644
Maximum
Deposits [Line Items]
Maturity terms	3 years
Minimum
Deposits [Line Items]
Maturity terms	1 year

Long-Term Debt and FHLB Stock_2

Long-Term Debt and FHLB Stock (Details) - FHLB $ in Thousands	Mar. 31, 2019USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 17,045
Rate	2.62%
Due in one year	$ 11,279
Long term	5,766
1 year amortizing on May 15, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 1,262
Rate	2.50%
Due in one year	$ 1,262
Long term	0
1 year amortizing on June 7, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 1,681
Rate	2.53%
Due in one year	$ 1,681
Long term	0
2 year amortizing on May 15, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 3,157
Rate	2.78%
Due in one year	$ 2,517
Long term	640
2 year amortizing on June 8, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 3,364
Rate	2.76%
Due in one year	$ 2,511
Long term	853
3 year amortizing on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 7,581
Rate	2.92%
Due in one year	$ 3,308
Long term	$ 4,273

Long-Term Debt and FHLB Stock_3

Long-Term Debt and FHLB Stock (Detail Textuals) - USD ($) $ in Thousands	Jan. 15, 2019	Jan. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Dividend paid to Rhinebeck Bancorp, MHC	$ 5,100
Atlantic Community Bankers Bank
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate, description		Wall Street Journal prime rate of interest, floating, plus 0.50%
Interest LIBOR rate		0.50%
Long-term Line of Credit		$ 5,000
Zions Bank
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Unsecured, uncommitted line of credit		$ 10,000
Subordinated Debt
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate			4.651%	4.653%
Interest rate, description			3-month LIBOR plus 2.00
Interest LIBOR rate			2.00%
Subordinated debt securities			$ 5,155
Stated maturity date			May 23, 2035
Subordinated Debt | RSB Capital Trust I
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate, description			3-month LIBOR plus 2.00
Interest LIBOR rate			2.00%
Trust term			30 years
FHLB
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Preapproved secured line of credit			$ 442,413	$ 441,134
Amount of pledged assets			149,112	145,805
Outstanding amount secured line of credit			$ 59,800	$ 0
Interest rate			2.66%
Structured borrowings			$ 17,045

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Current expense (benefit):
Federal	$ 352	$ 172
State	6	7
Total	358	179
Deferred expense:
Federal	133	47
Total provision for income taxes	$ 225	$ 132

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Provision at statutory rate	$ 238	$ 157
Tax exempt income	(21)	(24)
State income taxes, net of federal income tax benefit	5	6
Other, net	3	(7)
Effective income tax and rate	$ 225	$ 132
Provision at statutory rate, Percent	21.00%	21.00%
Tax exempt income, percent	(1.00%)	(3.00%)
State income taxes, net of federal income tax benefit, percent	0.00%	1.00%
Other, net, percent	0.00%	(1.00%)
Effective income tax and rate, percent	20.00%	18.00%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for loan losses	$ 1,939	$ 1,794
Deferred expenses	829	783
Unrecognized pension liability	1,165	1,179
Postretirement liability	920	914
Deferred loss on OREO	187	187
Unrealized loss on securities	408	685
State tax NOLs	780	779
Other	151	134
Gross deferred tax assets	6,379	6,455
Deferred tax liabilities:
Prepaid expenses	(234)	(241)
Prepaid pension	(1,289)	(1,305)
Deferred loan fees	(185)	(170)
Depreciation and amortization	(166)	(105)
Mortgage servicing rights	(606)	(615)
Gross deferred tax liabilities	(2,480)	(2,436)
Net deferred tax asset	3,899	4,019
Deferred tax valuation allowance	(1,123)	(1,085)
Deferred tax assets, net of allowance	$ 2,776	$ 2,934

Income Taxes (Detail Textuals)

Income Taxes (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Expected federal statutory income tax rate	21.00%	21.00%
Retained earnings includes contingency reserve for loan losses	$ 1,534		$ 1,534
Reserve balance under deferred income taxes	$ 414		$ 414

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Projected and accumulated benefit obligation	$ (18,298)	$ (18,241)
Plan assets at fair value	18,704	17,459
Funded status included in other liabilities	$ 406	$ (782)

Employee Benefits (Details 1)

Employee Benefits (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Interest cost	$ 185	$ 689
Expected return on plan assets	235	(1,074)
Amortization of unrecognized loss	90	374
Net periodic cost (benefit)	$ 510	$ (11)

Employee Benefits (Details 2)

Employee Benefits (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 18,704	$ 17,459
Pension plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	14,406	13,638
Pension plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	4,298	3,821
Level 1 | Pension plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 1 | Pension plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 1 | Pension plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 2 | Pension plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	18,704	17,459
Level 2 | Pension plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	14,406	13,638
Level 2 | Pension plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	4,298	3,821
Level 3 | Pension plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 3 | Pension plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 3 | Pension plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 0	$ 0

Employee Benefits (Details 3)

Employee Benefits (Details 3)	Mar. 31, 2019shares
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Allocated	0
Committed to be allocated	5,455
Unallocated	430,970
Total shares	436,425

Employee Benefits (Detail Textu

Employee Benefits (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Schedule Of Employee Benefits [Line Items]
Percentage of internal revenue contribution	25.00%
Percentage of internal revenue service limitations	6.00%
Cash surrender value of life insurance	$ 18,118	$ 18,018
Increase in cash surrender value of insurance	100		$ 99
Accrued expenses and other liabilities	9,643	10,108
Noninterest expense	6,918		6,366
Employer contribution in defined contribution plan	225		196
Directors' Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	1,851	1,687
Noninterest expense	32		32
Executive Long-Term Incentive and Retention Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	991	975
Noninterest expense	$ 137		113
Executive Long-Term Incentive and Retention Plan | Maximum
Schedule Of Employee Benefits [Line Items]
Terms of services	5 years
Executive Long-Term Incentive and Retention Plan | Minimum
Schedule Of Employee Benefits [Line Items]
Terms of services	1 year
Group Term Replacement Plan
Schedule Of Employee Benefits [Line Items]
Liability related to these postretirement benefits	$ 1,290	1,276
Postemployment benefit expense	13		$ 13
Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Noninterest expense	24	26
Postemployment benefit expense	$ 2,116	$ 2,108
Other Director and Officer Postretirement Benefits | Maximum
Schedule Of Employee Benefits [Line Items]
Post retirement benefit period	20 years
Other Director and Officer Postretirement Benefits | Minimum
Schedule Of Employee Benefits [Line Items]
Post retirement benefit period	15 years

Employee Benefits (Detail Tex_2

Employee Benefits (Detail Textuals 1) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 16, 2019	Mar. 31, 2019	Dec. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP		436,425
Committed to be allocated		5,455
Employee Stock Ownership Plan (ESOP)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP	436,425
common stock price per share	$ 10
Terms of repurchase share under ESOP	20 years
Interest rate			5.50%
Balance of ESOP loan		$ 4,400
Committed to be allocated		21,821
fair value of unallocated shares		$ 5,200
compensation expense		$ 91

Commitments and Contingencies_2

Commitments and Contingencies (Details) - Operating lease agreements - Branch offices and equipment $ in Thousands	Mar. 31, 2019USD ($)
Operating Leased Assets [Line Items]
2019	$ 673
2020	641
2021	564
2022	509
2023	486
2024 and beyond	477
Total	$ 3,350

Commitments and Contingencies_3

Commitments and Contingencies (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Total rental expense for cancelable and non-cancelable operating leases	$ 162	$ 160
Rental income under subleases	$ 68	$ 81

Financial Instruments with Of_3

Financial Instruments with Off-Balance-Sheet Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	$ 84,114	$ 81,536
Future loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	3,861	3,157
Undisbursed construction loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	11,549	16,289
Undisbursed home equity lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	9,391	9,532
Undisbursed commercial and other line of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	57,150	50,773
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	$ 2,163	$ 1,785

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets) Actual Amount	$ 114,202	$ 71,243
Total capital (to risk-weighted assets) Actual Ratio	15.05%	9.71%
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 60,700	$ 58,707
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 75,875	$ 73,383
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets) Actual Amount	$ 107,019	$ 64,597
Tier 1 capital (to risk-weighted assets) Actual Ratio	14.10%	8.80%
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 45,525	$ 44,030
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 60,700	$ 58,707
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common equity tier one capital (to risk weighted assets) Actual Amount	$ 107,019	$ 64,597
Common equity tier one capital (to risk weighted assets) Actual Ratio	14.10%	8.80%
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 34,144	$ 33,023
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 49,318	$ 47,699
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 capital (to average assets) Actual Amount	$ 107,019	$ 64,597
Tier 1 capital (to average assets) Actual Ratio	12.31%	7.63%
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 34,665	$ 33,849
Tier 1 capital (to average assets) For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 43,331	$ 42,311
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Rhinebeck Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets) Actual Amount	$ 105,447	$ 81,222
Total capital (to risk-weighted assets) Actual Ratio	13.90%	11.07%
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 60,705	$ 58,694
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 75,881	$ 73,368
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets) Actual Amount	$ 98,264	$ 74,576
Tier 1 capital (to risk-weighted assets) Actual Ratio	12.95%	10.16%
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 45,528	$ 44,021
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 60,705	$ 58,694
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common equity tier one capital (to risk weighted assets) Actual Amount	$ 98,264	$ 74,576
Common equity tier one capital (to risk weighted assets) Actual Ratio	12.95%	10.16%
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 34,146	$ 33,016
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 49,323	$ 47,689
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 capital (to average assets) Actual Amount	$ 98,264	$ 74,576
Tier 1 capital (to average assets) Actual Ratio	11.34%	8.80%
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 34,552	$ 33,901
Tier 1 capital (to average assets) For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 43,190	$ 42,376
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 122	$ 122
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	109,395	101,312
Recurring basis | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,990	2,971
Recurring basis | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	88,109	80,216
Recurring basis | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	16,632	16,468
Recurring basis | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,241	1,232
Recurring basis | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	423	425
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,990	2,971
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,990	2,971
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	106,405	98,341
Recurring basis | Significant Observable Inputs (Level 2) | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Observable Inputs (Level 2) | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	88,109	80,216
Recurring basis | Significant Observable Inputs (Level 2) | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	16,632	16,468
Recurring basis | Significant Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,241	1,232
Recurring basis | Significant Observable Inputs (Level 2) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	423	425
Recurring basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 0	$ 0

Fair Value (Details 1)

Fair Value (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 122	$ 122
Nonrecurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	122	1,063
Nonrecurring basis | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	122	128
Nonrecurring basis | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	935
Nonrecurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Observable Inputs (Level 2) | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Observable Inputs (Level 2) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	122	1,063
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	122	128
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 0	$ 935

Fair Value (Details 2)

Fair Value (Details 2) $ in Thousands		Mar. 31, 2019USD ($)Percent	Dec. 31, 2018USD ($)Percent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		$ 122	$ 122
Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		122	1,063
Impaired loans | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		122	128
Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		0	935
Level 3 | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		122	1,063
Level 3 | Impaired loans | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		122	128
Level 3 | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		$ 0	$ 935
Level 3 | Liquidation expenses | Minimum | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[1],[2]	0
Level 3 | Liquidation expenses | Maximum | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[1],[2]	6
Level 3 | Appraisal of collateral | Appraisal adjustments | Minimum | Impaired loans | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	[2],[3]	0	0
Level 3 | Appraisal of collateral | Appraisal adjustments | Minimum | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[2],[3]	0	0
Level 3 | Appraisal of collateral | Appraisal adjustments | Maximum | Impaired loans | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	[2],[3]	20	20
Level 3 | Appraisal of collateral | Appraisal adjustments | Maximum | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[2],[3]	20	20
Level 3 | Appraisal of collateral | Liquidation expenses | Minimum | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[1],[2]		0
Level 3 | Appraisal of collateral | Liquidation expenses | Maximum | Other real estate owned | Nonrecurring basis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[1],[2]		6
[1]	Estimated costs to sell.
[2]	Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable.
[3]	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value.

Fair Value (Details 3)

Fair Value (Details 3) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Financial Assets:
Cash and due from banks (Level 2)	$ 15,439	$ 50,590	$ 11,472	$ 10,460
Available for sale securities (Level 2)	109,395	101,312
Accrued interest receivable (Level 2)	2,782	2,523
Financial Liabilities:
Mortgagors escrow accounts (Level 2)	6,311	7,725
Subordinated debt and other borrowings (Level 2)	5,155	5,155
Level 2 | Carrying Value
Financial Assets:
Cash and due from banks (Level 2)	15,439	50,590
Available for sale securities (Level 2)	109,395	101,312
FHLB stock (Level 2)	3,919	1,883
Accrued interest receivable (Level 2)	2,782	2,523
Financial Liabilities:
Deposits (Level 2)	684,024	684,418
Mortgagors escrow accounts (Level 2)	6,311	7,725
FHLB advances (Level 2)	76,845	31,598
Subordinated debt and other borrowings (Level 2)	5,155	10,155
Level 2 | Fair Value
Financial Assets:
Cash and due from banks (Level 2)	15,439	50,590
Available for sale securities (Level 2)	109,395	101,312
FHLB stock (Level 2)	3,919	1,883
Accrued interest receivable (Level 2)	2,782	2,523
Financial Liabilities:
Deposits (Level 2)	683,660	683,163
Mortgagors escrow accounts (Level 2)	6,311	7,725
FHLB advances (Level 2)	76,845	31,598
Subordinated debt and other borrowings (Level 2)	5,155	31,598
Level 3 | Carrying Value
Financial Assets:
Loans, net (Level 3)	706,882	678,402
Mortgage servicing rights (Level 3)	2,246	2,278
Level 3 | Fair Value
Financial Assets:
Loans, net (Level 3)	706,606	674,287
Mortgage servicing rights (Level 3)	$ 4,284	$ 4,667

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		$ (7,012)
Period change		1,096	$ (1,074)
Balance		(5,916)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(7,012)	(6,955)
Other comprehensive (loss) gain before reclassifications	[1]	1,025	(1,073)
Amounts reclassified from accumulated other comprehensive loss	[1],[2]	70	(1)
Period change	[1]	1,096	(1,074)
Balance	[1]	(5,916)	(8,029)
Accumulated Other Comprehensive Loss | Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(339)	(534)
Other comprehensive (loss) gain before reclassifications	[1]	(15)	0
Amounts reclassified from accumulated other comprehensive loss	[1],[3]	70	0
Period change	[1]	55	0
Balance	[1]	(284)	(534)
Accumulated Other Comprehensive Loss | Unrealized gains (losses) on available for sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(6,673)	(6,421)
Other comprehensive (loss) gain before reclassifications	[1]	1,041	(1,073)
Amounts reclassified from accumulated other comprehensive loss	[1],[2]	0	(1)
Period change	[1]	1,041	(1,074)
Balance	[1]	$ (5,632)	$ (7,495)
[1]	All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0 %.
[2]	For additional details related to unrealized gains and losses on securities and related amounts reclassified from accumulated other comprehensive loss see Note 2, "Investment Securities."
[3]	Included in the computation of net periodic pension cost. See Note 10, "Employee Benefits" for additional details.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Details 1) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income taxes		$ 225	$ 132
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[1],[2]	70	(1)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[1],[2]	0	(1)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Available-for-sale Securities | Net securities losses reclassified into earnings
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gain on sale of investments, net	[2]	0	(1)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Available-for-sale Securities | Related income tax expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income taxes	[2]	0	0
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[1],[3]	70	0
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Defined Benefit Pension Plan | Amortization of net loss and prior service costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Compensation and employee benefits	[3]	(90)	0
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Defined Benefit Pension Plan | Related income tax expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income taxes	[3]	$ 20	$ 0
[1]	All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0 %.
[2]	For additional details related to unrealized gains and losses on securities and related amounts reclassified from accumulated other comprehensive loss see Note 2, "Investment Securities."
[3]	Included in the computation of net periodic pension cost. See Note 10, "Employee Benefits" for additional details.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Detail Textuals)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Comprehensive Income (Loss), Net of Tax [Abstract]
Income tax rate	21.00%	21.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income applicable to common stock	$ 911	$ 616
Average number of common shares outstanding	11,133,290
Less: Average unallocated ESOP shares	433,698
Average number of common shares outstanding used to calculate basic earnings per common share	10,699,592
Earnings per Common share:
Basic (in dollars per share)	$ 0.09
Diluted (in dollars per share)	$ 0.09