Rhinebeck Bancorp (RBKB) 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 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	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 11,969	$ 50,590
Available for sale securities (at fair value)	111,398	101,312
Loans receivable (net of allowance for loan losses of $7,858 and $6,646, respectively)	737,293	678,402
Federal Home Loan Bank stock	3,355	1,883
Accrued interest receivable	2,874	2,523
Cash surrender value of life insurance	18,218	18,018
Deferred tax assets (net of valuation allowance of $1,190 and $1,085, respectively)	2,488	2,934
Premises and equipment, net	16,846	17,040
Other real estate owned	1,578	1,685
Goodwill	1,410	1,410
Intangible assets, net	262	284
Other assets	5,393	6,342
Total assets	913,084	882,423
Deposits
Noninterest bearing	152,705	171,829
Interest bearing	564,153	512,589
Total deposits	716,858	684,418
Mortgagors' escrow accounts	10,400	7,725
Advances from the Federal Home Loan Bank	64,541	31,598
Subordinated debt	5,155	5,155
Other borrowings		5,000
Subscription offering proceeds		79,142
Accrued expenses and other liabilities	10,573	10,108
Total liabilities	807,527	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	45,844	100
Unallocated common stock held by the employee stock ownership plan ("ESOP")	(4,364)
Retained earnings	68,321	66,189
Accumulated other comprehensive loss:
Net unrealized loss on available for sale securities, net of taxes	(12)	(2,576)
Defined benefit pension plan, net of taxes	(4,343)	(4,436)
Total accumulated other comprehensive loss	(4,355)	(7,012)
Total stockholders' equity	105,557	59,277
Total liabilities and stockholders' equity	$ 913,084	$ 882,423

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for loan losses on loans receivable	$ 7,858	$ 6,646
Deferred tax valuation allowance	$ 1,190	$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and Dividend Income
Interest and fees on loans	$ 9,401	$ 7,393	$ 18,116	$ 14,143
Interest and dividends on securities	713	585	1,321	1,184
Other income	6	5	41	9
Total interest and dividend income	10,120	7,983	19,478	15,336
Interest Expense
Interest expense on deposits	1,641	986	3,023	1,815
Interest expense on borrowings	558	229	964	362
Total interest expense	2,199	1,215	3,987	2,177
Net interest income	7,921	6,768	15,491	13,159
Provision for loan losses	780	525	1,560	1,050
Net interest income after provision for loan losses	7,141	6,243	13,931	12,109
Noninterest Income
Service charges on deposit accounts	714	651	1,412	1,245
Net realized loss on sales and calls of securities	(40)		(40)	(1)
Net gain on sales of loans	152	120	208	268
Increase in cash surrender value of life insurance	99	100	200	199
Write-downs of other real estate owned		(387)		(387)
Other real estate owned income	1	11	11	21
Investment advisory income	329	184	542	332
Other	178	205	364	455
Total noninterest income	1,433	884	2,697	2,132
Noninterest Expense
Salaries and employee benefits	4,083	3,435	7,971	6,919
Occupancy	898	852	1,793	1,754
Data processing	343	294	650	568
Professional fees	360	224	626	418
Advertising	147	204	302	384
FDIC deposit insurance and other insurance	147	204	288	379
Other real estate owned expense	(1)	26	38	83
Amortization of intangible assets	10	10	22	21
Impairment loss on goodwill		95		95
Other	1,061	1,057	2,276	2,146
Total noninterest expense	7,048	6,401	13,966	12,767
Income before income taxes	1,526	726	2,662	1,474
Provision for income taxes	305	147	530	279
Net income	$ 1,221	$ 579	$ 2,132	$ 1,195
Earnings per common share:
Basic (in dollars per share)	$ 0.11		$ 0.20
Diluted (in dollars per share)	$ 0.11		$ 0.20
Weighted average shares outstanding (in shares)	10,705,047		10,702,320

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net Income		$ 1,221	$ 579	$ 2,132	$ 1,195
Other Comprehensive Income:
Unrealized holding gains (losses) arising during the period		1,889	(424)	3,206	(1,785)
Reclassification adjustment for losses included in net realized loss on sales and calls of securities on the consolidated statements of income		40		40	1
Net unrealized gains (losses) on available for sale securities		1,929	(424)	3,246	(1,784)
Tax effect	[1]	(406)	89	(682)	375
Unrealized gains (losses) on available for sale securities, net of tax		1,523	(335)	2,564	(1,409)
Defined benefit pension plan:
Actuarial (loss) gain arising during the period		(41)	823	(61)	823
Reclassification adjustment for amortization of net actuarial loss	[2]	89	187	179	187
Total		48	1,010	118	1,010
Tax effect	[3]	(10)	(212)	(25)	(212)
Defined benefit pension plan gain, net of tax		38	798	93	798
Other comprehensive income (loss)		1,561	463	2,657	(611)
Total Comprehensive Income		$ 2,782	$ 1,042	$ 4,789	$ 584
[1]	Includes $9 for the three and six months ended June 30, 2019 and $0 for the three and six months ended June 30, 2018 for tax effect of realized 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 and $38 for the three and six months ended June 30, 2019, respectively and $39 for the three and six months ended June 30, 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		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Available-for-sale Securities, gross realized losses	[1]	$ 406	$ (89)	$ 682	$ (375)
Amortization of net actuarial loss	[2]	(10)	(212)	(25)	(212)
Income tax expense provision
Available-for-sale Securities, gross realized losses		9	0	9	0
Amortization of net actuarial loss		$ 19	$ 39	$ 38	$ 39
[1]	Includes $9 for the three and six months ended June 30, 2019 and $0 for the three and six months ended June 30, 2018 for tax effect of realized losses which are included in the provision for income taxes on the consolidated statements of income.
[2]	Includes $19 and $38 for the three and six months ended June 30, 2019, respectively and $39 for the three and six months ended June 30, 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 Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ 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, 2017		100		61,832	(6,955)	54,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income						1,195
Other comprehensive income (loss)						(611)
Balance at Jun. 30, 2018		100		63,027	(7,566)	55,561
Balance at Mar. 31, 2018		100		62,448	(8,029)	54,519
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				579		579
Other comprehensive income (loss)					463	463
Balance at Jun. 30, 2018		100		63,027	(7,566)	55,561
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	45,754				45,865
Unallocated common stock held by ESOP			(4,364)			(4,364)
Balance at Mar. 31, 2019	111	45,854	(4,364)	67,100	(5,916)	102,785
Balance at Dec. 31, 2018		100		66,189	(7,012)	59,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income						2,132
Other comprehensive income (loss)						2,657
Balance at Jun. 30, 2019	111	45,844	(4,364)	68,321	(4,355)	105,557
Balance at Mar. 31, 2019	111	45,854	(4,364)	67,100	(5,916)	102,785
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,221		1,221
Other comprehensive income (loss)					1,561	1,561
Common Stock and proceeds of offering		(10)				(10)
Balance at Jun. 30, 2019	$ 111	$ 45,844	$ (4,364)	$ 68,321	$ (4,355)	$ 105,557

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows From Operating Activities
Net income	$ 2,132	$ 1,195
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of premiums and discounts on investments, net	85	179
Net realized loss on sales and calls of securities	40	1
Provision for loan losses	1,560	1,050
Loans originated for sale	(19,458)	(14,846)
Proceeds from sale of loans	17,941	16,066
Net gain on sale of loans	(208)	(268)
Amortization of intangible assets	22	21
Depreciation and amortization	645	573
Impairment loss on goodwill		95
Write-downs of other real estate owned		387
Deferred income tax expense	(260)	(195)
Increase in cash surrender value of insurance	(200)	(199)
(Increase) decrease in accrued interest receivable	(351)	353
Decrease (increase) in other assets	949	(355)
Increase in accrued expenses and other liabilities	583	1,253
Net cash provided by operating activities	3,480	5,310
Cash Flows from Investing Activities
Proceeds from sales and calls of securities	4,990	375
Proceeds from maturities and principal repayments of securities	6,877	7,968
Purchases of securities	(18,832)
Net purchases of FHLB Stock	(1,472)	(1,288)
Net increase in loans	(58,726)	(57,051)
Purchases of bank premises and equipment	(451)	(343)
Proceeds from sale of other real estate owned	107	54
Net cash used in investing activities	(67,507)	(50,285)
Cash Flows from Financing Activities
Net (decrease) increase in demand deposits, NOW, money market and savings accounts	(5,044)	6,013
Net increase in time deposits	37,484	9,980
Increase in mortgagors' escrow accounts	2,675	2,830
Net (decrease) increase in short-term debt	(4,369)	8,100
Net increase in long-term debt	32,312	20,000
Proceeds of stock subscriptions	9,804
Return of unfufilled stock subscriptions	(41,073)
Loan to ESOP	(4,364)
Offering expenses	(1,898)
Return of capital to Rhinebeck Bancorp, MHC	(121)
Net cash provided by financing activities	25,406	46,923
Net (decrease) increase in cash and due from banks	(38,621)	1,948
Cash and Due from Banks
Beginning balance	50,590	10,460
Ending balance	11,969	12,408
Cash paid for:
Interest	3,933	2,076
Income taxes	915	368
Noncash Investing and Financing Activities
Unrealized holding gain (loss) on available for sale securities arising during the period	3,246	(1,784)
Decrease in defined benefit plan liability included in other comprehensive loss	$ 118	$ 1,010

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	1. Nature of Business and Significant Accounting Policies The consolidated financial statements include 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”). The unaudited consolidated financial statements reflect all adjustments, which in the opinion of management, are necessary for a fair presentation of the results of the interim periods and are of a normal and recurring nature. Operating results for the three and six month periods ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. 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 periods after January 16, 2019 and Rhinebeck Bancorp, MHC, a New York chartered mutual holding company and the Bank for the periods prior to January 16, 2019. 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 six months or less to be cash equivalents. Investment in Debt and Marketable Equity Securities Debt securities, if any, 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 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, commercial and residential real estate and consumer 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 $687 and $526 at June 30, 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 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. 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 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 $643 and $750 of commercial property at June 30, 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 June 30, 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 14 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. On July 17, 2019, the FASB voted to propose a delay for conversion to the CECL methodology to January 2023 for all companies other than large SEC filers; although 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 tra

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 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: June 30, 2019 Amortized Cost Gross Unrealized Gross Unrealized Fair Value (unaudited) U.S. Treasury securities $ - $ - $ - $ - U.S. government agency mortgage-backed securities-residential 89,707 592 (586 ) 89,713 U.S. government agency securities 19,935 29 (117 ) 19,847 Municipal securities ¹ 1,229 18 - 1,247 Other 542 49 - 591 Total $ 111,413 $ 688 $ (703 ) $ 111,398 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 June 30, 2019 (unaudited) U.S. Treasury securities $ - $ - $ - $ - $ - $ - U.S. government agency mortgage-backed securities-residential - - 40,967 (586 ) 40,967 (586 ) U.S. government agency securities - - 12,820 (117 ) 12,820 (117 ) Total $ - $ - $ 53,787 $ (703 ) $ 53,787 $ (703 ) 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 June 30, 2019 and December 31, 2018, the Company had 59 and 96 individual available-for-sale securities with unrealized losses totaling $703 and $3,273, respectively, with an aggregate depreciation of 1.31% 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 June 30, 2019 or December 31, 2018. The amortized cost and fair value of available for sale debt securities at June 30, 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: June 30, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Maturity: Within 1 year $ 1,221 $ 1,217 $ 1,221 $ 1,210 After 1 but within 5 years 14,186 14,074 17,253 16,780 After 5 but within 10 years 5,557 5,603 1,975 1,945 After 10 years 200 200 734 736 Total Maturities 21,164 21,094 21,183 20,671 Mortgage-backed securities 89,707 89,713 82,965 80,216 Other 542 591 425 425 Total $ 111,413 $ 111,398 $ 104,573 $ 101,312 At June 30, 2019 and December 31, 2018, available for sale securities with a carrying value of $26,222 and $27,465, respectively, were pledged to secure Federal Home Loan Bank of New York (“FHLB”) borrowings. In addition $1,187 and $1,032 of available for sale securities, respectively, were pledged to secure borrowings at the Federal Reserve Bank of New York. During the six months ended June 30, 2019, there was $4,990 in proceeds from the sales of available for sale securities with $40 in gross losses realized. 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.

Loans and allowance for loan lo

Loans and allowance for loan losses	6 Months Ended
	Jun. 30, 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: June 30, December 31, 2019 2018 (unaudited) Commercial real estate loans: Construction $ 13,357 $ 12,870 Non-residential 207,027 197,499 Multi-family 18,779 12,661 Residential real estate loans 39,959 43,534 Commercial and industrial loans 89,473 83,203 Consumer loans: Indirect automobile 338,367 297,144 Home equity 18,591 19,269 Other consumer 10,312 10,826 Total gross loans 735,865 677,006 Net deferred loan costs 9,286 8,042 Allowance for loan losses (7,858 ) (6,646 ) Total net loans $ 737,293 $ 678,402 At June 30, 2019 and December 31, 2018, the unpaid principal balances of loans held for sale, included in the residential real estate category above, were $838 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: June 30, 2019 Special Pass Mention Substandard Doubtful Total (unaudited) Commercial real estate: Construction $ 13,357 $ - $ - $ - $ 13,357 Non-residential 197,330 6,495 3,202 - 207,027 Multifamily 18,394 - 385 - 18,779 Residential real estate 37,263 - - 2,696 39,959 Commercial and industrial 87,853 659 921 40 89,473 Consumer: Indirect automobile 337,777 - - 590 338,367 Home equity 18,127 - - 464 18,591 Other consumer 10,272 - - 40 10,312 Total $ 720,373 $ 7,154 $ 4,508 $ 3,830 $ 735,865 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 real estate 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: June 30, 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 $ 13,357 $ - $ - $ - $ 13,357 $ - Non-residential 204,559 241 173 2,054 207,027 2,054 Multifamily 18,420 - 359 - 18,779 - Residential real estate 37,993 889 - 1,077 39,959 2,696 Commercial and industrial 88,942 68 423 40 89,473 306 Consumer: Indirect automobile 332,384 4,520 896 567 338,367 590 Home equity 18,039 186 - 366 18,591 463 Other consumer 10,061 165 45 41 10,312 41 Total $ 723,755 $ 6,069 $ 1,896 $ 4,145 $ 735,865 $ 6,150 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 real estate 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: June 30, 2019 Recorded Unpaid Related Average (unaudited) With no related allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,054 2,094 - 2,281 Multifamily - - - - Residential real estate 2,696 3,162 - 2,490 Commercial and industrial 266 401 - 282 Consumer: Indirect automobile 353 395 - 313 Home equity 464 481 - 331 Other consumer - - - 5 Total $ 5,833 $ 6,533 $ - $ 5,702 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - - Multifamily - - - - Residential real estate - - - - Commercial and industrial 40 40 40 20 Consumer: - Indirect automobile 237 265 69 208 Home equity - - - - Other consumer 40 41 12 20 Total $ 317 $ 346 $ 121 $ 248 Total: Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,054 2,094 - 2,281 Multifamily - - - - Residential real estate 2,696 3,162 - 2,490 Commercial and industrial 306 441 40 302 Consumer: Indirect automobile 590 660 69 521 Home equity 464 481 - 331 Other consumer 40 41 12 25 Total $ 6,150 $ 6,879 $ 121 $ 5,950 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 real estate 2,285 2,841 - 2,235 Commercial and industrial 297 421 - 758 Consumer: Indirect automobile 274 320 - 242 Home equity 198 211 - 158 Other consumer 10 10 - 5 Total $ 5,571 $ 6,404 $ - $ 6,984 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - 451 Multifamily - - - - Residential real estate - - - - 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 real estate 2,285 2,841 - 2,235 Commercial and industrial 297 421 - 767 Consumer: Indirect automobile 452 511 50 447 Home equity 198 211 - 158 Other consumer 10 10 - 7 Total $ 5,749 $ 6,595 $ 50 $ 7,651 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 June 30, 2019 and December 31, 2018, three loans totaling $1,716 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 half 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 June 30, 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 June 30, 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 $261,559 and $255,892 as of June 30, 2019 and December 31, 2018, respectively. The balance of capitalized servicing rights, included in other assets at June 30, 2019 and December 31, 2018, were $2,203 and $2,278, respectively. Fair value exceeds carrying value. No impairment charges related to servicing rights were recognized during the period ended June 30, 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 Afor 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 June 30, 2019 (unaudited) Allowance for loan losses: Beginning balance $ 1,159 $ 286 $ 1,575 $ 3,380 $ 783 $ 7,183 Provision for loan losses 93 17 327 329 14 780 Loans charged-off - - (7 ) (424 ) (9 ) (440 ) Recoveries - 2 - 321 12 335 Ending balance $ 1,252 $ 305 $ 1,895 $ 3,606 $ 800 $ 7,858 Six months ended June 30, 2019 (unaudited) Allowance for loan losses: Beginning balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Provision (credit) for loan losses 172 (18 ) 364 1,032 10 1,560 Loans charged-off - - (12 ) (919 ) (15 ) (946 ) Recoveries - 3 1 578 16 598 Ending balance $ 1,252 $ 305 $ 1,895 $ 3,606 $ 800 $ 7,858 Ending balance: Individually evaluated for impairment $ - $ - $ 41 $ 69 $ 11 $ 121 Collectively evaluated for impairment $ 1,252 $ 305 $ 1,854 $ 3,537 $ 789 $ 7,737 Loan receivables: Ending balance $ 239,163 $ 39,959 $ 89,473 $ 338,367 $ 28,903 $ 735,865 Ending balance: Individually evaluated for impairment $ 2,054 $ 2,696 $ 307 $ 590 $ 503 $ 6,150 Collectively evaluated for impairment $ 237,109 $ 37,263 $ 89,166 $ 337,777 $ 28,400 $ 729,715 Commercial Residential Commercial and Indirect Consumer Totals Three months ended June 30, 2018 (unaudited) Allowance for loan losses: Beginning balance $ 897 $ 462 $ 950 $ 2,577 $ 734 $ 5,620 Provision for loan losses 50 49 131 247 48 525 Loans charged-off - - (9 ) (362 ) (10 ) (381 ) Recoveries - 2 10 159 4 175 Ending balance $ 947 $ 513 $ 1,082 $ 2,621 $ 776 $ 5,939 Six months ended June 30, 2018 (unaudited) Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 (Credit) provision for loan losses (55 ) 55 118 817 115 1,050 Loans charged-off (303 ) - (28 ) (735 ) (18 ) (1,084 ) Recoveries - 3 113 389 11 516 Ending balance $ 947 $ 513 $ 1,082 $ 2,621 $ 776 $ 5,939 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 61 $ - $ 61 Collectively evaluated for impairment $ 947 $ 513 $ 1,082 $ 2,560 $ 776 $ 5,878 Loan receivables: Ending balance $ 220,697 $ 43,736 $ 75,612 $ 250,217 $ 30,329 $ 620,591 Ending balance: Individually evaluated for impairment $ 5,874 $ 2,483 $ 1,211 $ 325 $ 273 $ 10,166 Collectively evaluated for impairment $ 214,823 $ 41,253 $ 74,401 $ 249,892 $ 30,056 $ 610,425 Commercial Residential Commercial and Indirect Consumer Totals Year ended December 31, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 (Credit) provision 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	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Premises and Equipment	4. Premises and Equipment Premises and equipment are summarized as follows: June 30, December 31, 2019 2018 (unaudited) Land $ 3,536 $ 3,536 Buildings and improvements 23,585 23,534 Furniture, fixtures and equipment 11,948 11,708 Construction in process 211 51 Total 39,280 38,829 Less accumulated depreciation (22,434 ) (21,789 ) Net $ 16,846 $ 17,040

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2019
Goodwill, Impaired [Abstract]
Goodwill	5. Goodwill The changes in the carrying value of goodwill are as follows: RAM Six 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	6 Months Ended
	Jun. 30, 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 Six Months Year Ended (Unaudited) Beginning balance $ 284 $ 326 Amortization (22 ) (42 ) Ending balance $ 262 $ 284 Accumulated amortization and impairment $ 685 $ 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 $22 and $42 of amortization expense related to its intangible assets for the quarter ended June 30, 2019 and the year ended December 31, 2018. At June 30, 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 June 30, 2019 the future amortization expense for amortizable intangible assets for the respective years is as follows: 2019 $ 22 2020 42 2021 42 2022 42 2023 42 Thereafter 72 Total $ 262

Deposits

Deposits	6 Months Ended
	Jun. 30, 2019
Deposits [Abstract]
Deposits	7. Deposits Deposits balances are summarized as follows: June 30, December 31, 2019 2018 (unaudited) Noninterest bearing demand deposits $ 152,705 $ 171,829 Interest bearing accounts: NOW 103,089 99,715 Savings 120,814 126,822 Money market 147,070 130,356 Time certificates of deposit 193,180 155,696 Total interest bearing accounts 564,153 512,589 Total deposits $ 716,858 $ 684,418 Included in time certificates of deposit at June 30, 2019 and December 31, 2018 were reciprocal deposits totaling $22,275 and $21,515, respectively, with original maturities of one to three years. Time certificates of deposit in denominations of $250 or greater were $35,545 and $16,644 as of June 30, 2019 and December 31, 2018, respectively. Contractual maturities of time certificates of deposit at June 30, 2019 are summarized below: June 30, 2019 (unaudited) Within 1 year $ 123,381 1 - 2 years 47,812 2 - 3 years 12,875 3 - 4 years 3,027 4 - 5 years 6,085 Total $ 193,180

Long-Term Debt and FHLB Stock

Long-Term Debt and FHLB Stock	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018, the Bank had access to a preapproved secured line of credit with the FHLB of $456,464 and $441,134, respectively. Borrowings under this line require collateralization through the pledge of specific loans and securities. At June 30, 2019 and December 31, 2018, the Bank had pledged assets of $160,493 and $145,805, respectively. At June 30, 2019 and December 31, 2018, the Bank had outstanding overnight line of credit balances with FHLB of $12,500 and $0, respectively. These borrowings mature the following business day. The interest rate was 2.45% at June 30, 2019. At June 30, 2019, the Bank also had structured borrowings in the amount of $52,041. The outstanding principal amounts and the related terms and rates at June 30, 2019 were as follows: Term Principal Maturity Rate Due in one year Long term 2 year amortizing $ 2,535 May 15, 2020 2.78 % $ 2,535 $ - 2 year amortizing 2,743 June 8, 2020 2.76 % 2,743 - 2 year amortizing 10,000 May 17, 2021 2.53 % 4,937 5,063 2 year bullet 10,000 May 17, 2021 2.46 % - 10,000 3 year amortizing 6,763 May 17, 2021 2.92 % 3,332 3,431 3 year amortizing 10,000 May 16, 2022 2.49 % 3,251 6,749 3 year bullet 10,000 May 16, 2022 2.44 % - 10,000 Total $ 52,041 Weighted Average Rate 2.57 % $ 16,798 $ 35,243 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 June 30, 2019 or December 31, 2018. Subordinated Debt As part of the reorganization completed on January 16, 2019, the Company acquired both the common securities and related obligations of 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. The proceeds from the issuance of the 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% (4.32% at June 30, 2019 and 4.65% 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 June 30, 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 either June 30, 2019 or December 31, 2018.

Employee Benefits

Employee Benefits	6 Months Ended
	Jun. 30, 2019
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Employee Benefits	9. 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: Six months Year ended 2019 2018 (unaudited) Projected and accumulated benefit obligation $ (20,390 ) $ (18,241 ) Plan assets at fair value 19,608 17,459 Funded status included in other liabilities $ (782 ) $ (782 ) The net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss) are as follows: Six months ended Year ended 2019 2018 (unaudited) Interest cost $ 370 $ 689 Expected return on plan assets (470 ) (1,074 ) Amortization of unrecognized loss 219 374 Net periodic cost (benefit) $ 119 $ (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 ten diversified investment funds. As of June 30, 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. In 2018, the Company made a contribution to the plan in the amount of $570. The Company does not expect to make a contribution in 2019. The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows : June 30, 2019 Level 1 Level 2 Level 3 Total (unaudited) Assets: Investment in separate accounts Fixed income $ - $ 15,169 $ - $ 15,169 Equity - 4,439 - 4,439 Total assets at fair value $ - $ 19,608 $ - $ 19,608 December 31, 2018 Level 1 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 $442 and $378 for the six months ended June 30, 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 $18,218 and $18,018 at June 30, 2019 and December 31, 2018, respectively. Net earnings on these policies aggregated $200 and $199 for the six months ended June 30, 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 June 30, 2019 and December 31, 2018, total amounts due of $1,918 and $1,687, respectively, are included in accrued expenses and other liabilities. Total expenses related to the Directors’ Plan were $62 and $65 for the six months ended June 30, 2019 and 2018, respectively, 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 June 30, 2019 and December 31, 2018, $998 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 $271 and $175 for the six months ended June 30, 2019 and 2018, respectively, related to this plan and which are included in salaries and employee benefits expense in the consolidated statements of income. 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 $1,303 and $1,276, respectively, at June 30, 2019 and December 31, 2018. The Company recognized expenses of $26 for each of the six month periods ended June 30, 2019 and June 30, 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 $2,124 and $2,108, respectively, at June 30, 2019 and December 31, 2018. The Company recognized expenses of $48 and $51 for the six months ended June 30, 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 (5.50% 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 June 30, 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: June 30, 2019 Allocated - Committed to be allocated 10,910 Unallocated 425,515 Total shares 436,425 The fair value of unallocated shares was $4.7 million at June 30, 2019. Total compensation expense recognized in connection with the ESOP for the six months ended June 30, 2019 was $183.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. 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 June 30, 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 $ 337 2020 641 2021 564 2022 509 2023 486 2024 and beyond 477 Total $ 3,014 Total rental expense charged to operations for cancelable and non-cancelable operating leases was $323 and $317 for the six months ended June 30, 2019 and 2018, respectively. Rental income under subleases was $137 and $163 for the six months ended June 30, 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	6 Months Ended
	Jun. 30, 2019
Financial Instruments With Off-Balance-Sheet Risk [Abstract]
Financial Instruments with Off-Balance-Sheet Risk	11. 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: June 30, December 31, 2019 2018 (unaudited) Commitments to extend credit summarized as follows: Future loan commitments $ 3,910 $ 3,157 Undisbursed construction loans 11,188 16,289 Undisbursed home equity lines of credit 9,716 9,532 Undisbursed commercial and other line of credit 52,402 50,773 Standby letters of credit 2,922 1,785 Total $ 80,138 $ 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	6 Months Ended
	Jun. 30, 2019
Banking and Thrift [Abstract]
Regulatory Matters	12. 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 June 30, 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 June 30, 2019 (unaudited) Rhinebeck Bancorp, Inc. Total capital (to risk-weighted assets) $ 116,098 14.69 % $ 63,232 8.00 % $ 79,039 10.00 % Tier 1 capital (to risk-weighted assets) 108,240 13.69 % 47,424 6.00 % 63,232 8.00 % Common equity tier one capital (to risk weighted assets) 108,240 13.69 % 35,568 4.50 % 51,376 6.50 % Tier 1 capital (to average assets) 108,240 11.92 % 36,319 4.00 % 45,398 5.00 % Rhinebeck Bank Total capital (to risk-weighted assets) $ 107,591 13.62 % $ 63,219 8.00 % $ 79,024 10.00 % Tier 1 capital (to risk-weighted assets) 99,733 12.62 % 47,414 6.00 % 63,219 8.00 % Common equity tier one capital (to risk weighted assets) 99,733 12.62 % 35,561 4.50 % 51,366 6.50 % Tier 1 capital (to average assets) 99,733 11.04 % 36,149 4.00 % 45,186 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	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value	13. 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 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 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) June 30, 2019 (unaudited) U.S. Treasury securities $ - $ - $ - $ - U.S. government agency mortgage-backed securities-residential 89,713 - 89,713 - U.S. government agency securities 19,847 - 19,847 - Municipal securities 1,247 - 1,247 - Other 591 - 591 - Total $ 111,398 $ - $ 111,398 $ - 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 June 30, 2019 and December 31, 2018 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) June 30, 2019 (unaudited) Impaired loans, with specific reserves $ 196 $ - $ - $ 196 Other real estate owned - - - - Total $ 196 $ - $ - $ 196 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 Valuation Unobservable Range Estimate Techniques Input (Weighted Average) June 30, 2019 (unaudited) Impaired loans $ 196 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: June 30, December 31, 2019 2018 (unaudited) Carrying Fair Value Carrying Fair Value Financial Assets: Cash and due from banks (Level 2) $ 11,969 $ 11,969 $ 50,590 $ 50,590 Available for sale securities (Level 2) 111,398 111,398 101,312 101,312 FHLB stock (Level 2) 3,355 3,355 1,883 1,883 Loans, net (Level 3) 737,293 737,182 678,402 674,287 Accrued interest receivable (Level 2) 2,874 2,874 2,523 2,523 Mortgage servicing rights (Level 3) 2,203 4,138 2,278 4,667 Financial Liabilities: Deposits (Level 2) 716,858 700,242 684,418 683,163 Mortgagors escrow accounts (Level 2) 10,400 10,400 7,725 7,725 FHLB advances (Level 2) 64,541 64,541 31,598 31,598 Subordinated debt and other borrowings (Level 2) 5,155 5,155 10,155 10,155

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	14. 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	6 Months Ended
	Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	15. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the three months and six months ended June 30, 2019 and 2018, is as follows: Accumulated Other Comprehensive Loss (1) Defined Unrealized gains (losses) on available for sale securities Total Balance at March 31, 2019 (unaudited) $ (284 ) $ (5,632 ) $ (5,916 ) Other comprehensive (loss) gain before reclassifications (32 ) 1,492 1,460 Amounts reclassified from accumulated other comprehensive loss 70 31 101 Period change 38 1,523 1,561 Balance at June 30, 2019 (unaudited) $ (246 ) $ (4,109 ) $ (4,355 ) Balance at March 31, 2018 (unaudited) $ (534 ) $ (7,495 ) $ (8,029 ) Other comprehensive gain (loss) before reclassifications 650 (335 ) 315 Amounts reclassified from accumulated other comprehensive loss 148 - 148 Period change 798 (335 ) 463 Balance at June 30, 2018 (unaudited) $ 264 $ (7,830 ) $ (7,566 ) Accumulated Other Comprehensive Loss (1) Defined Benefit Pension Plan Unrealized gains (losses) on available for sale securities Total Balance at December 31, 2018 $ (339 ) $ (6,673 ) $ (7,012 ) Other comprehensive (loss) gain before reclassifications (48 ) 2,533 2,485 Amounts reclassified from accumulated other comprehensive loss 141 31 172 Period change 93 2,564 2,657 Balance at June 30, 2019 (unaudited) $ (246 ) $ (4,109 ) $ (4,355 ) Balance at December 31, 2017 $ (534 ) $ (6,421 ) $ (6,955 ) Other comprehensive gain (loss) before reclassifications 650 (1,410 ) (760 ) Amounts reclassified from accumulated other comprehensive loss 148 1 149 Period change 798 (1,409 ) (611 ) Balance at June 30, 2018 (unaudited) $ 264 $ (7,830 ) $ (7,566 ) (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 Accumulated Other Comprehensive Income (Loss) For the Three Months Ended June 30, Affected Line Item in the Consolidated Statement of Income 2019 2018 (unaudited) Securities available for sale (1) Net securities losses reclassified into earnings $ (40 ) $ - Net realized loss on sales and calls of securities Related income tax benefit 9 - Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (31 ) - Defined benefit pension plan (2) Amortization of net loss and prior service costs (89 ) (187 ) Salaries and employee benefits Related income tax benefit 19 39 Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (70 ) (148 ) Total reclassifications for the period $ (101 ) $ (148 ) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Six Months Ended June 30, Affected Line Item in the Consolidated Statement of Income 2019 2018 (unaudited) Securities available for sale (1) Net securities losses reclassified into earnings $ (40 ) $ (1 ) Net realized loss on sales and calls of securities Related income tax expense 9 - Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (31 ) (1 ) Defined benefit pension plan (2) Amortization of net loss and prior service costs (179 ) (187 ) Salaries and employee benefits Related income tax expense 38 39 Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (141 ) (148 ) Total reclassifications for the period $ (172 ) $ (149 ) (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 9, “Employee Benefits” for additional details.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	16 . 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 June 30, 2019. Earnings per share data is not applicable for the period ended June 30, 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 June 30, 2019 Six months ended June 30, 2019 (unaudited) (unaudited) Net income applicable to common stock $ 1,221 $ 2,132 Average number of common shares outstanding 11,133,290 11,133,290 Less: Average unallocated ESOP shares 428,243 430,970 Average number of common shares outstanding used to calculate basic earnings per common share 10,705,047 10,702,320 Earnings per Common share: Basic $ 0.11 $ 0.20 Diluted $ 0.11 $ 0.20

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Financial Statements 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 periods after January 16, 2019 and Rhinebeck Bancorp, MHC, a New York chartered mutual holding company and the Bank for the periods prior to January 16, 2019. 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 six months or less to be cash equivalents.
Investment in Debt and Marketable Equity Securities	Investment in Debt and Marketable Equity Securities Debt securities, if any, 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 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, commercial and residential real estate and consumer 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 $687 and $526 at June 30, 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 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.
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 Assets Mortgage servicing 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 $643 and $750 of commercial property at June 30, 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 June 30, 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 14 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. On July 17, 2019, the FASB voted to propose a delay for conversion to the CECL methodology to January 2023 for all companies other than large SEC filers; although 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)	6 Months Ended
	Jun. 30, 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	June 30, 2019 Amortized Cost Gross Unrealized Gross Unrealized Fair Value (unaudited) U.S. Treasury securities $ - $ - $ - $ - U.S. government agency mortgage-backed securities-residential 89,707 592 (586 ) 89,713 U.S. government agency securities 19,935 29 (117 ) 19,847 Municipal securities ¹ 1,229 18 - 1,247 Other 542 49 - 591 Total $ 111,413 $ 688 $ (703 ) $ 111,398 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 June 30, 2019 (unaudited) U.S. Treasury securities $ - $ - $ - $ - $ - $ - U.S. government agency mortgage-backed securities-residential - - 40,967 (586 ) 40,967 (586 ) U.S. government agency securities - - 12,820 (117 ) 12,820 (117 ) Total $ - $ - $ 53,787 $ (703 ) $ 53,787 $ (703 ) 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	June 30, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value (unaudited) Maturity: Within 1 year $ 1,221 $ 1,217 $ 1,221 $ 1,210 After 1 but within 5 years 14,186 14,074 17,253 16,780 After 5 but within 10 years 5,557 5,603 1,975 1,945 After 10 years 200 200 734 736 Total Maturities 21,164 21,094 21,183 20,671 Mortgage-backed securities 89,707 89,713 82,965 80,216 Other 542 591 425 425 Total $ 111,413 $ 111,398 $ 104,573 $ 101,312

Loans and allowance for loan _2

Loans and allowance for loan losses (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of summary loan portfolio	June 30, December 31, 2019 2018 (unaudited) Commercial real estate loans: Construction $ 13,357 $ 12,870 Non-residential 207,027 197,499 Multi-family 18,779 12,661 Residential real estate loans 39,959 43,534 Commercial and industrial loans 89,473 83,203 Consumer loans: Indirect automobile 338,367 297,144 Home equity 18,591 19,269 Other consumer 10,312 10,826 Total gross loans 735,865 677,006 Net deferred loan costs 9,286 8,042 Allowance for loan losses (7,858 ) (6,646 ) Total net loans $ 737,293 $ 678,402
Schedule of loans by risk rating and portfolio segment	June 30, 2019 Special Pass Mention Substandard Doubtful Total (unaudited) Commercial real estate: Construction $ 13,357 $ - $ - $ - $ 13,357 Non-residential 197,330 6,495 3,202 - 207,027 Multifamily 18,394 - 385 - 18,779 Residential real estate 37,263 - - 2,696 39,959 Commercial and industrial 87,853 659 921 40 89,473 Consumer: Indirect automobile 337,777 - - 590 338,367 Home equity 18,127 - - 464 18,591 Other consumer 10,272 - - 40 10,312 Total $ 720,373 $ 7,154 $ 4,508 $ 3,830 $ 735,865 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 real estate 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	June 30, 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 $ 13,357 $ - $ - $ - $ 13,357 $ - Non-residential 204,559 241 173 2,054 207,027 2,054 Multifamily 18,420 - 359 - 18,779 - Residential real estate 37,993 889 - 1,077 39,959 2,696 Commercial and industrial 88,942 68 423 40 89,473 306 Consumer: Indirect automobile 332,384 4,520 896 567 338,367 590 Home equity 18,039 186 - 366 18,591 463 Other consumer 10,061 165 45 41 10,312 41 Total $ 723,755 $ 6,069 $ 1,896 $ 4,145 $ 735,865 $ 6,150 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 real estate 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	June 30, 2019 Recorded Unpaid Related Average (unaudited) With no related allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,054 2,094 - 2,281 Multifamily - - - - Residential real estate 2,696 3,162 - 2,490 Commercial and industrial 266 401 - 282 Consumer: Indirect automobile 353 395 - 313 Home equity 464 481 - 331 Other consumer - - - 5 Total $ 5,833 $ 6,533 $ - $ 5,702 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - - Multifamily - - - - Residential real estate - - - - Commercial and industrial 40 40 40 20 Consumer: - Indirect automobile 237 265 69 208 Home equity - - - - Other consumer 40 41 12 20 Total $ 317 $ 346 $ 121 $ 248 Total: Commercial real estate: Construction $ - $ - $ - $ - Non-residential 2,054 2,094 - 2,281 Multifamily - - - - Residential real estate 2,696 3,162 - 2,490 Commercial and industrial 306 441 40 302 Consumer: Indirect automobile 590 660 69 521 Home equity 464 481 - 331 Other consumer 40 41 12 25 Total $ 6,150 $ 6,879 $ 121 $ 5,950 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 real estate 2,285 2,841 - 2,235 Commercial and industrial 297 421 - 758 Consumer: Indirect automobile 274 320 - 242 Home equity 198 211 - 158 Other consumer 10 10 - 5 Total $ 5,571 $ 6,404 $ - $ 6,984 With an allowance recorded: Commercial real estate: Construction $ - $ - $ - $ - Non-residential - - - 451 Multifamily - - - - Residential real estate - - - - 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 real estate 2,285 2,841 - 2,235 Commercial and industrial 297 421 - 767 Consumer: Indirect automobile 452 511 50 447 Home equity 198 211 - 158 Other consumer 10 10 - 7 Total $ 5,749 $ 6,595 $ 50 $ 7,651
Schedule of loan balances by segment	Commercial Residential Commercial and Indirect Consumer Totals Three months ended June 30, 2019 (unaudited) Allowance for loan losses: Beginning balance $ 1,159 $ 286 $ 1,575 $ 3,380 $ 783 $ 7,183 Provision for loan losses 93 17 327 329 14 780 Loans charged-off - - (7 ) (424 ) (9 ) (440 ) Recoveries - 2 - 321 12 335 Ending balance $ 1,252 $ 305 $ 1,895 $ 3,606 $ 800 $ 7,858 Six months ended June 30, 2019 (unaudited) Allowance for loan losses: Beginning balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Provision (credit) for loan losses 172 (18 ) 364 1,032 10 1,560 Loans charged-off - - (12 ) (919 ) (15 ) (946 ) Recoveries - 3 1 578 16 598 Ending balance $ 1,252 $ 305 $ 1,895 $ 3,606 $ 800 $ 7,858 Ending balance: Individually evaluated for impairment $ - $ - $ 41 $ 69 $ 11 $ 121 Collectively evaluated for impairment $ 1,252 $ 305 $ 1,854 $ 3,537 $ 789 $ 7,737 Loan receivables: Ending balance $ 239,163 $ 39,959 $ 89,473 $ 338,367 $ 28,903 $ 735,865 Ending balance: Individually evaluated for impairment $ 2,054 $ 2,696 $ 307 $ 590 $ 503 $ 6,150 Collectively evaluated for impairment $ 237,109 $ 37,263 $ 89,166 $ 337,777 $ 28,400 $ 729,715 Commercial Residential Commercial and Indirect Consumer Totals Three months ended June 30, 2018 (unaudited) Allowance for loan losses: Beginning balance $ 897 $ 462 $ 950 $ 2,577 $ 734 $ 5,620 Provision for loan losses 50 49 131 247 48 525 Loans charged-off - - (9 ) (362 ) (10 ) (381 ) Recoveries - 2 10 159 4 175 Ending balance $ 947 $ 513 $ 1,082 $ 2,621 $ 776 $ 5,939 Six months ended June 30, 2018 (unaudited) Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 (Credit) provision for loan losses (55 ) 55 118 817 115 1,050 Loans charged-off (303 ) - (28 ) (735 ) (18 ) (1,084 ) Recoveries - 3 113 389 11 516 Ending balance $ 947 $ 513 $ 1,082 $ 2,621 $ 776 $ 5,939 Ending balance: Individually evaluated for impairment $ - $ - $ - $ 61 $ - $ 61 Collectively evaluated for impairment $ 947 $ 513 $ 1,082 $ 2,560 $ 776 $ 5,878 Loan receivables: Ending balance $ 220,697 $ 43,736 $ 75,612 $ 250,217 $ 30,329 $ 620,591 Ending balance: Individually evaluated for impairment $ 5,874 $ 2,483 $ 1,211 $ 325 $ 273 $ 10,166 Collectively evaluated for impairment $ 214,823 $ 41,253 $ 74,401 $ 249,892 $ 30,056 $ 610,425 Commercial Residential Commercial and Indirect Consumer Totals Year ended December 31, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 (Credit) provision 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)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	June 30, December 31, 2019 2018 (unaudited) Land $ 3,536 $ 3,536 Buildings and improvements 23,585 23,534 Furniture, fixtures and equipment 11,948 11,708 Construction in process 211 51 Total 39,280 38,829 Less accumulated depreciation (22,434 ) (21,789 ) Net $ 16,846 $ 17,040

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill, Impaired [Abstract]
Schedule of changes in the carrying value of goodwill	RAM Six 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)	6 Months Ended
	Jun. 30, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of changes in the carrying value of customer list intangible	RAM Six Months Year Ended (Unaudited) Beginning balance $ 284 $ 326 Amortization (22 ) (42 ) Ending balance $ 262 $ 284 Accumulated amortization and impairment $ 685 $ 663
Schedule of future amortization expense for amortizable intangible assets	2019 $ 22 2020 42 2021 42 2022 42 2023 42 Thereafter 72 Total $ 262

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2019
Deposits [Abstract]
Schedule of deposits	June 30, December 31, 2019 2018 (unaudited) Noninterest bearing demand deposits $ 152,705 $ 171,829 Interest bearing accounts: NOW 103,089 99,715 Savings 120,814 126,822 Money market 147,070 130,356 Time certificates of deposit 193,180 155,696 Total interest bearing accounts 564,153 512,589 Total deposits $ 716,858 $ 684,418
Schedule of contractual maturities of time certificates of deposit	June 30, 2019 (unaudited) Within 1 year $ 123,381 1 - 2 years 47,812 2 - 3 years 12,875 3 - 4 years 3,027 4 - 5 years 6,085 Total $ 193,180

Long-Term Debt and FHLB Stock (

Long-Term Debt and FHLB Stock (Tables)	6 Months Ended
	Jun. 30, 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 2 year amortizing $ 2,535 May 15, 2020 2.78 % $ 2,535 $ - 2 year amortizing 2,743 June 8, 2020 2.76 % 2,743 - 2 year amortizing 10,000 May 17, 2021 2.53 % 4,937 5,063 2 year bullet 10,000 May 17, 2021 2.46 % - 10,000 3 year amortizing 6,763 May 17, 2021 2.92 % 3,332 3,431 3 year amortizing 10,000 May 16, 2022 2.49 % 3,251 6,749 3 year bullet 10,000 May 16, 2022 2.44 % - 10,000 Total $ 52,041 Weighted Average Rate 2.57 % $ 16,798 $ 35,243

Employee Benefits (Tables)

Employee Benefits (Tables)	6 Months Ended
	Jun. 30, 2019
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition	Six months Year ended 2019 2018 (unaudited) Projected and accumulated benefit obligation $ (20,390 ) $ (18,241 ) Plan assets at fair value 19,608 17,459 Funded status included in other liabilities $ (782 ) $ (782 )
Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss)	Six months ended Year ended 2019 2018 (unaudited) Interest cost $ 370 $ 689 Expected return on plan assets (470 ) (1,074 ) Amortization of unrecognized loss 219 374 Net periodic cost (benefit) $ 119 $ (11 )
Schedule of fair value of pension plan assets, by fair value hierarchy	June 30, 2019 Level 1 Level 2 Level 3 Total (unaudited) Assets: Investment in separate accounts Fixed income $ - $ 15,169 $ - $ 15,169 Equity - 4,439 - 4,439 Total assets at fair value $ - $ 19,608 $ - $ 19,608 December 31, 2018 Level 1 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	June 30, 2019 Allocated - Committed to be allocated 10,910 Unallocated 425,515 Total shares 436,425

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental commitments under the terms of these lease	Years ending December 31: 2019 $ 337 2020 641 2021 564 2022 509 2023 486 2024 and beyond 477 Total $ 3,014

Financial Instruments with Of_2

Financial Instruments with Off-Balance-Sheet Risk (Tables)	6 Months Ended
	Jun. 30, 2019
Financial Instruments With Off-Balance-Sheet Risk [Abstract]
Schedule of contract amounts represent off-balance sheet credit risk	June 30, December 31, 2019 2018 (unaudited) Commitments to extend credit summarized as follows: Future loan commitments $ 3,910 $ 3,157 Undisbursed construction loans 11,188 16,289 Undisbursed home equity lines of credit 9,716 9,532 Undisbursed commercial and other line of credit 52,402 50,773 Standby letters of credit 2,922 1,785 Total $ 80,138 $ 81,536

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2019
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	Actual For Capital To be Well Amount Ratio Amount Ratio Amount Ratio June 30, 2019 (unaudited) Rhinebeck Bancorp, Inc. Total capital (to risk-weighted assets) $ 116,098 14.69 % $ 63,232 8.00 % $ 79,039 10.00 % Tier 1 capital (to risk-weighted assets) 108,240 13.69 % 47,424 6.00 % 63,232 8.00 % Common equity tier one capital (to risk weighted assets) 108,240 13.69 % 35,568 4.50 % 51,376 6.50 % Tier 1 capital (to average assets) 108,240 11.92 % 36,319 4.00 % 45,398 5.00 % Rhinebeck Bank Total capital (to risk-weighted assets) $ 107,591 13.62 % $ 63,219 8.00 % $ 79,024 10.00 % Tier 1 capital (to risk-weighted assets) 99,733 12.62 % 47,414 6.00 % 63,219 8.00 % Common equity tier one capital (to risk weighted assets) 99,733 12.62 % 35,561 4.50 % 51,366 6.50 % Tier 1 capital (to average assets) 99,733 11.04 % 36,149 4.00 % 45,186 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)	6 Months Ended
	Jun. 30, 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) June 30, 2019 (unaudited) U.S. Treasury securities $ - $ - $ - $ - U.S. government agency mortgage-backed securities-residential 89,713 - 89,713 - U.S. government agency securities 19,847 - 19,847 - Municipal securities 1,247 - 1,247 - Other 591 - 591 - Total $ 111,398 $ - $ 111,398 $ - 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	Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Balance (Level 1) (Level 2) (Level 3) June 30, 2019 (unaudited) Impaired loans, with specific reserves $ 196 $ - $ - $ 196 Other real estate owned - - - - Total $ 196 $ - $ - $ 196 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 Estimate Techniques Input (Weighted Average) June 30, 2019 (unaudited) Impaired loans $ 196 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	June 30, December 31, 2019 2018 (unaudited) Carrying Fair Value Carrying Fair Value Financial Assets: Cash and due from banks (Level 2) $ 11,969 $ 11,969 $ 50,590 $ 50,590 Available for sale securities (Level 2) 111,398 111,398 101,312 101,312 FHLB stock (Level 2) 3,355 3,355 1,883 1,883 Loans, net (Level 3) 737,293 737,182 678,402 674,287 Accrued interest receivable (Level 2) 2,874 2,874 2,523 2,523 Mortgage servicing rights (Level 3) 2,203 4,138 2,278 4,667 Financial Liabilities: Deposits (Level 2) 716,858 700,242 684,418 683,163 Mortgagors escrow accounts (Level 2) 10,400 10,400 7,725 7,725 FHLB advances (Level 2) 64,541 64,541 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)	6 Months Ended
	Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive loss activity	Accumulated Other Comprehensive Loss (1) Defined Unrealized gains (losses) on available for sale securities Total Balance at March 31, 2019 (unaudited) $ (284 ) $ (5,632 ) $ (5,916 ) Other comprehensive (loss) gain before reclassifications (32 ) 1,492 1,460 Amounts reclassified from accumulated other comprehensive loss 70 31 101 Period change 38 1,523 1,561 Balance at June 30, 2019 (unaudited) $ (246 ) $ (4,109 ) $ (4,355 ) Balance at March 31, 2018 (unaudited) $ (534 ) $ (7,495 ) $ (8,029 ) Other comprehensive gain (loss) before reclassifications 650 (335 ) 315 Amounts reclassified from accumulated other comprehensive loss 148 - 148 Period change 798 (335 ) 463 Balance at June 30, 2018 (unaudited) $ 264 $ (7,830 ) $ (7,566 ) Accumulated Other Comprehensive Loss (1) Defined Benefit Pension Plan Unrealized gains (losses) on available for sale securities Total Balance at December 31, 2018 $ (339 ) $ (6,673 ) $ (7,012 ) Other comprehensive (loss) gain before reclassifications (48 ) 2,533 2,485 Amounts reclassified from accumulated other comprehensive loss 141 31 172 Period change 93 2,564 2,657 Balance at June 30, 2019 (unaudited) $ (246 ) $ (4,109 ) $ (4,355 ) Balance at December 31, 2017 $ (534 ) $ (6,421 ) $ (6,955 ) Other comprehensive gain (loss) before reclassifications 650 (1,410 ) (760 ) Amounts reclassified from accumulated other comprehensive loss 148 1 149 Period change 798 (1,409 ) (611 ) Balance at June 30, 2018 (unaudited) $ 264 $ (7,830 ) $ (7,566 ) (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 Accumulated Other Comprehensive Income (Loss) For the Three Months Ended June 30, Affected Line Item in the Consolidated Statement of Income 2019 2018 (unaudited) Securities available for sale (1) Net securities losses reclassified into earnings $ (40 ) $ - Net realized loss on sales and calls of securities Related income tax benefit 9 - Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (31 ) - Defined benefit pension plan (2) Amortization of net loss and prior service costs (89 ) (187 ) Salaries and employee benefits Related income tax benefit 19 39 Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (70 ) (148 ) Total reclassifications for the period $ (101 ) $ (148 ) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Six Months Ended June 30, Affected Line Item in the Consolidated Statement of Income 2019 2018 (unaudited) Securities available for sale (1) Net securities losses reclassified into earnings $ (40 ) $ (1 ) Net realized loss on sales and calls of securities Related income tax expense 9 - Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (31 ) (1 ) Defined benefit pension plan (2) Amortization of net loss and prior service costs (179 ) (187 ) Salaries and employee benefits Related income tax expense 38 39 Provision for income taxes Net effect on accumulated other other comprehensive loss for the period (141 ) (148 ) Total reclassifications for the period $ (172 ) $ (149 ) (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 9, “Employee Benefits” for additional details.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	(Dollars in thousands, except for per share data) Three months ended June 30, 2019 Six months ended June 30, 2019 (unaudited) (unaudited) Net income applicable to common stock $ 1,221 $ 2,132 Average number of common shares outstanding 11,133,290 11,133,290 Less: Average unallocated ESOP shares 428,243 430,970 Average number of common shares outstanding used to calculate basic earnings per common share 10,705,047 10,702,320 Earnings per Common share: Basic $ 0.11 $ 0.20 Diluted $ 0.11 $ 0.20

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Detail Textuals) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)Branch	Dec. 31, 2018USD ($)
Nature Of Business And Significant Accounting Policies [Line Items]
Other Real Estate	$ 1,578	$ 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	$ 687	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	$ 643	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		Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 111,413	$ 104,573
Gross Unrealized Gains		688	12
Gross Unrealized Losses		(703)	(3,273)
Fair Value		111,398	101,312
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		0	3,036
Gross Unrealized Gains		0	0
Gross Unrealized Losses		0	(65)
Fair Value		0	2,971
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		89,707	82,965
Gross Unrealized Gains		592	8
Gross Unrealized Losses		(586)	(2,757)
Fair Value		89,713	80,216
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		19,935	16,919
Gross Unrealized Gains		29	0
Gross Unrealized Losses		(117)	(451)
Fair Value		19,847	16,468
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	1,229	1,228
Gross Unrealized Gains	[1]	18	4
Gross Unrealized Losses	[1]	0	0
Fair Value	[1]	1,247	1,232
Other
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		542	425
Gross Unrealized Gains		49	0
Gross Unrealized Losses		0	0
Fair Value		$ 591	$ 425
[1]	The issuers of municipal securities are all within New York State.

Available for Sale Securities_2

Available for Sale Securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 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	53,787	96,025
12 Months or Longer Unrealized Losses	(703)	(3,269)
Fair Value	53,787	97,694
Unrealized Losses	(703)	(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	0	2,971
12 Months or Longer Unrealized Losses	0	(65)
Fair Value	0	2,971
Unrealized Losses	0	(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	40,967	76,586
12 Months or Longer Unrealized Losses	(586)	(2,753)
Fair Value	40,967	78,255
Unrealized Losses	(586)	(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	12,820	16,468
12 Months or Longer Unrealized Losses	(117)	(451)
Fair Value	12,820	16,468
Unrealized Losses	$ (117)	$ (451)

Available for Sale Securities_3

Available for Sale Securities (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Amortized Cost
Within 1 year	$ 1,221	$ 1,221
After 1 but within 5 years	14,186	17,253
After 5 but within 10 years	5,557	1,975
After 10 years	200	734
Total Maturities	21,164	21,183
Mortgage-backed securities	89,707	82,965
Other	542	425
Amortized Cost	111,413	104,573
Fair Value
Within 1 year	1,217	1,210
After 1 but within 5 years	14,074	16,780
After 5 but within 10 years	5,603	1,945
After 10 years	200	736
Total Maturities	21,094	20,671
Mortgage-backed securities	89,713	80,216
Other	591	425
Fair Value	$ 111,398	$ 101,312

Available for Sale Securities_4

Available for Sale Securities (Detail Textuals) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)Security	Dec. 31, 2018USD ($)Security
Debt Securities, Available-for-sale [Line Items]
Number of individual available-for-sale securities with unrealized losses | Security	59	96
Unrealized Losses	$ 703	$ 3,273
Aggregate percentage of depreciation	1.31%	3.35%
Available for sale securities pledged to secure Federal Home Loan Bank of New York ("FHLBNY") borrowings	$ 26,222	$ 27,465
Available for sale securities pledged to secure Federal Reserve Bank of New York ("FRBNY") borrowings	1,187	1,032
Proceeds from the sale of available for sale securities and calls	4,990	2,113
Losses on sales of investment securities	$ 40	$ 22

Loans and allowance for loan _3

Loans and allowance for loan losses (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 735,865		$ 677,006	$ 620,591
Net deferred loan costs	9,286		8,042
Allowance for loan losses	(7,858)	$ (7,183)	(6,646)	(5,939)	$ (5,620)	$ (5,457)
Total net loans	737,293		678,402
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	239,163		223,030	220,697
Allowance for loan losses	(1,252)	(1,159)	(1,080)	(947)	(897)	(1,305)
Commercial real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	13,357		12,870
Commercial real estate | Non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	207,027		197,499
Commercial real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	18,779		12,661
Residential real estate loans
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	39,959		43,534	43,736
Allowance for loan losses	(305)	(286)	(320)	(513)	(462)	(455)
Commercial and industrial loans
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	89,473		83,203	75,612
Allowance for loan losses	(1,895)	(1,575)	(1,542)	(1,082)	(950)	(879)
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	28,903		30,095	30,329
Allowance for loan losses	(800)	(783)	(789)	(776)	(734)	(668)
Consumer loans | Indirect automobile
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	338,367		297,144	250,217
Allowance for loan losses	(3,606)	$ (3,380)	(2,915)	$ (2,621)	$ (2,577)	$ (2,150)
Consumer loans | Home equity
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	18,591		19,269
Consumer loans | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 10,312		$ 10,826

Loans and allowance for loan _4

Loans and allowance for loan losses (Details 1) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 735,865	$ 677,006	$ 620,591
Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	720,373	660,090
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	7,154	7,805
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,508	6,163
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,830	2,948
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	239,163	223,030	220,697
Commercial real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	13,357	12,870
Commercial real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	13,357	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	207,027	197,499
Commercial real estate | Non-residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	197,330	186,020
Commercial real estate | Non-residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	6,495	6,840
Commercial real estate | Non-residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,202	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	18,779	12,661
Commercial real estate | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	18,394	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	385	400
Commercial real estate | Multifamily | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	39,959	43,534	43,736
Residential real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	37,263	41,249
Residential real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,696	2,285
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	89,473	83,203	75,612
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	87,853	81,111
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	659	965
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	921	1,124
Commercial and industrial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	40	3
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	28,903	30,095	30,329
Consumer | Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	338,367	297,144	$ 250,217
Consumer | Indirect automobile | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	337,777	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	590	452
Consumer | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	18,591	19,269
Consumer | Home equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	18,127	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	464	198
Consumer | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,312	10,826
Consumer | Other consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,272	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	$ 40	$ 10

Loans and allowance for loan _5

Loans and allowance for loan losses (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 723,755	$ 664,580
Total	735,865	677,006	$ 620,591
Nonaccrual	6,150	5,672
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	6,069	7,030
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,896	1,813
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	4,145	3,583
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	239,163	223,030	220,697
Commercial real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	13,357	12,870
Total	13,357	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	204,559	193,273
Total	207,027	197,499
Nonaccrual	2,054	2,507
Commercial real estate | Non-residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	241	1,466
Commercial real estate | Non-residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	173	253
Commercial real estate | Non-residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	2,054	2,507
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	18,420	12,487
Total	18,779	12,661
Nonaccrual	0	0
Commercial real estate | Multifamily | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	174
Commercial real estate | Multifamily | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	359	0
Commercial real estate | Multifamily | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	37,993	42,083
Total	39,959	43,534	43,736
Nonaccrual	2,696	2,208
Residential real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	889	305
Residential real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	615
Residential real estate | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,077	531
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	88,942	82,992
Total	89,473	83,203	75,612
Nonaccrual	306	297
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	68	206
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	423	1
Commercial and industrial | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	40	4
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	28,903	30,095	30,329
Consumer | Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	332,384	291,369
Total	338,367	297,144	$ 250,217
Nonaccrual	590	452
Consumer | Indirect automobile | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	4,520	4,429
Consumer | Indirect automobile | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	896	915
Consumer | Indirect automobile | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	567	431
Consumer | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	18,039	18,905
Total	18,591	19,269
Nonaccrual	463	198
Consumer | Home equity | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	186	264
Consumer | Home equity | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Consumer | Home equity | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	366	100
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	10,061	10,601
Total	10,312	10,826
Nonaccrual	41	10
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	165	186
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	45	29
Consumer | Other consumer | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	$ 41	$ 10

Loans and allowance for loan _6

Loans and allowance for loan losses (Details 3) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
With no related allowance recorded:
Recorded Investment	$ 5,833	$ 5,571
Unpaid Principal Balance	6,533	6,404
Average Recorded Investment	5,702	6,984
With an allowance recorded:
Recorded Investment	317	178
Unpaid Principal Balance	346	191
Related Allowance	121	50
Average Recorded Investment	248	667
Total:
Recorded Investment	6,150	5,749
Unpaid Principal Balance	6,879	6,595
Related Allowance	121	50
Average Recorded Investment	5,950	7,651
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	2,054	2,507
Unpaid Principal Balance	2,094	2,601
Average Recorded Investment	2,281	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	2,054	2,507
Unpaid Principal Balance	2,094	2,601
Related Allowance	0	0
Average Recorded Investment	2,281	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 real estate
With no related allowance recorded:
Recorded Investment	2,696	2,285
Unpaid Principal Balance	3,162	2,841
Average Recorded Investment	2,490	2,235
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	2,696	2,285
Unpaid Principal Balance	3,162	2,841
Related Allowance	0	0
Average Recorded Investment	2,490	2,235
Commercial and industrial
With no related allowance recorded:
Recorded Investment	266	297
Unpaid Principal Balance	401	421
Average Recorded Investment	282	758
With an allowance recorded:
Recorded Investment	40	0
Unpaid Principal Balance	40	0
Related Allowance	40	0
Average Recorded Investment	20	9
Total:
Recorded Investment	306	297
Unpaid Principal Balance	441	421
Related Allowance	40	0
Average Recorded Investment	302	767
Consumer | Indirect automobile
With no related allowance recorded:
Recorded Investment	353	274
Unpaid Principal Balance	395	320
Average Recorded Investment	313	242
With an allowance recorded:
Recorded Investment	237	178
Unpaid Principal Balance	265	191
Related Allowance	69	50
Average Recorded Investment	208	205
Total:
Recorded Investment	590	452
Unpaid Principal Balance	660	511
Related Allowance	69	50
Average Recorded Investment	521	447
Consumer | Home equity
With no related allowance recorded:
Recorded Investment	464	198
Unpaid Principal Balance	481	211
Average Recorded Investment	331	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	464	198
Unpaid Principal Balance	481	211
Related Allowance	0	0
Average Recorded Investment	331	158
Consumer | Other consumer
With no related allowance recorded:
Recorded Investment	0	10
Unpaid Principal Balance	0	10
Average Recorded Investment	5	5
With an allowance recorded:
Recorded Investment	40	0
Unpaid Principal Balance	41	0
Related Allowance	12	0
Average Recorded Investment	20	2
Total:
Recorded Investment	40	10
Unpaid Principal Balance	41	10
Related Allowance	12	0
Average Recorded Investment	$ 25	$ 7

Loans and allowance for loan _7

Loans and allowance for loan losses (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Allowance for loan losses:
Beginning balance	$ 7,183	$ 5,620	$ 6,646	$ 5,457	$ 5,457
Provision (credit) for loan losses	780	525	1,560	1,050	2,100
Loans charged-off	(440)	(381)	(946)	(1,084)	(2,013)
Recoveries	335	175	598	516	1,102
Ending balance	7,858	5,939	7,858	5,939	6,646
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	121	61	121	61	50
Ending balance: Collectively evaluated for impairment	7,737	5,878	7,737	5,878	6,596
Loan receivables:
Ending balance	735,865	620,591	735,865	620,591	677,006
Ending balance: Individually evaluated for impairment	6,150	10,166	6,150	10,166	5,749
Ending balance: Collectively evaluated for impairment	729,715	610,425	729,715	610,425	671,257
Commercial Real Estate
Allowance for loan losses:
Beginning balance	1,159	897	1,080	1,305	1,305
Provision (credit) for loan losses	93	50	172	(55)	(45)
Loans charged-off	0	0	0	(303)	(303)
Recoveries	0	0	0	0	123
Ending balance	1,252	947	1,252	947	1,080
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	0	0	0	0	0
Ending balance: Collectively evaluated for impairment	1,252	947	1,252	947	1,080
Loan receivables:
Ending balance	239,163	220,697	239,163	220,697	223,030
Ending balance: Individually evaluated for impairment	2,054	5,874	2,054	5,874	2,507
Ending balance: Collectively evaluated for impairment	237,109	214,823	237,109	214,823	220,523
Residential real estate
Allowance for loan losses:
Beginning balance	286	462	320	455	455
Provision (credit) for loan losses	17	49	(18)	55	(140)
Loans charged-off	0	0	0	0	0
Recoveries	2	2	3	3	5
Ending balance	305	513	305	513	320
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	0	0	0	0	0
Ending balance: Collectively evaluated for impairment	305	513	305	513	320
Loan receivables:
Ending balance	39,959	43,736	39,959	43,736	43,534
Ending balance: Individually evaluated for impairment	2,696	2,483	2,696	2,483	2,285
Ending balance: Collectively evaluated for impairment	37,263	41,253	37,263	41,253	41,249
Commercial and industrial
Allowance for loan losses:
Beginning balance	1,575	950	1,542	879	879
Provision (credit) for loan losses	327	131	364	118	578
Loans charged-off	(7)	(9)	(12)	(28)	(37)
Recoveries	0	10	1	113	122
Ending balance	1,895	1,082	1,895	1,082	1,542
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	41	0	41	0	0
Ending balance: Collectively evaluated for impairment	1,854	1,082	1,854	1,082	1,542
Loan receivables:
Ending balance	89,473	75,612	89,473	75,612	83,203
Ending balance: Individually evaluated for impairment	307	1,211	307	1,211	297
Ending balance: Collectively evaluated for impairment	89,166	74,401	89,166	74,401	82,906
Consumer
Allowance for loan losses:
Beginning balance	783	734	789	668	668
Provision (credit) for loan losses	14	48	10	115	168
Loans charged-off	(9)	(10)	(15)	(18)	(66)
Recoveries	12	4	16	11	19
Ending balance	800	776	800	776	789
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	11	0	11	0	0
Ending balance: Collectively evaluated for impairment	789	776	789	776	789
Loan receivables:
Ending balance	28,903	30,329	28,903	30,329	30,095
Ending balance: Individually evaluated for impairment	503	273	503	273	208
Ending balance: Collectively evaluated for impairment	28,400	30,056	28,400	30,056	29,887
Consumer | Indirect
Allowance for loan losses:
Beginning balance	3,380	2,577	2,915	2,150	2,150
Provision (credit) for loan losses	329	247	1,032	817	1,539
Loans charged-off	(424)	(362)	(919)	(735)	(1,607)
Recoveries	321	159	578	389	833
Ending balance	3,606	2,621	3,606	2,621	2,915
Allowance for loan losses:
Ending balance: Individually evaluated for impairment	69	61	69	61	50
Ending balance: Collectively evaluated for impairment	3,537	2,560	3,537	2,560	2,865
Loan receivables:
Ending balance	338,367	250,217	338,367	250,217	297,144
Ending balance: Individually evaluated for impairment	590	325	590	325	452
Ending balance: Collectively evaluated for impairment	$ 337,777	$ 249,892	$ 337,777	$ 249,892	$ 296,692

Loans and allowance for loan _8

Loans and allowance for loan losses (Detail Textuals) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)Loan	Dec. 31, 2018USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loan	$ 1,716	$ 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	$ 2,203	$ 2,278
Aggregate balances of loans serviced to third party	261,559	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	$ 838	$ 888

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total	$ 39,280	$ 38,829
Less accumulated depreciation	(22,434)	(21,789)
Net	16,846	17,040
Land
Property, Plant and Equipment [Line Items]
Total	3,536	3,536
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total	23,585	23,534
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	11,948	11,708
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 211	$ 51

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Goodwill [Roll Forward]
Beginning balance		$ 1,410
Impairment	$ (95)		$ (95)
Ending balance		1,410		$ 1,410
RAM
Goodwill [Roll Forward]
Beginning balance		1,410	$ 1,505	1,505
Impairment		0		(95)
Ending balance		1,410		1,410
Accumulated impairment		$ 1,116		$ 1,116

Goodwill (Detail Textuals)

Goodwill (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Goodwill [Line Items]
Impairment loss on goodwill	$ 95		$ 95
RAM
Goodwill [Line Items]
Impairment loss on goodwill		$ 0		$ 95

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Finite-lived Intangible Assets [Roll Forward]
Amortization	$ (10)	$ (10)	$ (22)	$ (21)
Ended balance	262		262
RAM
Finite-lived Intangible Assets [Roll Forward]
Beginning balance			284	$ 326	$ 326
Amortization			(22)		(42)
Ended balance	262		262		284
Accumulated amortization and impairment	$ 685		$ 685		$ 663

Intangible Assets (Details 1)

Intangible Assets (Details 1) $ in Thousands	Jun. 30, 2019USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2019	$ 22
2020	42
2021	42
2022	42
2023	42
Thereafter	72
Total	$ 262

Intangible Assets (Detail Textu

Intangible Assets (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 10	$ 10	$ 22	$ 21
Useful life of purchased customer accounts			13 years 4 months
Customer lists
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 22				$ 42
Useful life of purchased customer accounts	13 years 4 months

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deposits [Abstract]
Noninterest bearing demand deposits	$ 152,705	$ 171,829
Interest bearing accounts:
NOW	103,089	99,715
Savings	120,814	126,822
Money market	147,070	130,356
Time certificates of deposit	193,180	155,696
Total interest bearing accounts	564,153	512,589
Total deposits	$ 716,858	$ 684,418

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deposits [Abstract]
Within 1 year	$ 123,381
1 - 2 years	47,812
2 - 3 years	12,875
3 - 4 years	3,027
4 - 5 years	6,085
Total	$ 193,180	$ 155,696

Deposits (Detail Textuals)

Deposits (Detail Textuals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Deposits [Line Items]
Brokered Deposits	$ 22,275	$ 21,515
Time certificates of deposit in denominations of $250 or greater	$ 35,545	$ 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	Jun. 30, 2019USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 52,041
Rate	2.57%
Due in one year	$ 16,798
Long term	35,243
2 year amortizing on May 15, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 2,535
Rate	2.78%
Due in one year	$ 2,535
Long term	0
2 year amortizing on June 8, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 2,743
Rate	2.76%
Due in one year	$ 2,743
Long term	0
2 year amortizing on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	2.53%
Due in one year	$ 4,937
Long term	5,063
Two year bullet on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	2.46%
Due in one year	$ 0
Long term	10,000
3 year amortizing on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 6,763
Rate	2.92%
Due in one year	$ 3,332
Long term	3,431
3 year amortizing on May 16, 2022
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	2.49%
Due in one year	$ 3,251
Long term	6,749
3 year bullet on May 16, 2022
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	2.44%
Due in one year	$ 0
Long term	$ 10,000

Long-Term Debt and FHLB Stock_3

Long-Term Debt and FHLB Stock (Detail Textuals) - USD ($) $ in Thousands	Jan. 15, 2019	Jun. 30, 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, variable rate basis			Wall Street Journal prime rate
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		4.32%	4.65%
Interest rate, variable rate basis		3-month LIBOR
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, variable rate basis		3-month LIBOR
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		$ 456,464	$ 441,134
Amount of pledged assets		160,493	145,805
Outstanding amount secured line of credit		$ 12,500	$ 0
Interest rate		2.45%
Structured borrowings		$ 52,041

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Projected and accumulated benefit obligation	$ (20,390)	$ (18,241)
Plan assets at fair value	19,608	17,459
Funded status included in other liabilities	$ (782)	$ (782)

Employee Benefits (Details 1)

Employee Benefits (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Interest cost	$ 370	$ 689
Expected return on plan assets	(470)	(1,074)
Amortization of unrecognized loss	219	374
Net periodic cost (benefit)	$ 119	$ (11)

Employee Benefits (Details 2)

Employee Benefits (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 19,608	$ 17,459
Pension plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	15,169	13,638
Pension plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	4,439	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	19,608	17,459
Level 2 | Pension plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	15,169	13,638
Level 2 | Pension plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	4,439	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)	Jun. 30, 2019shares
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Allocated	0
Committed to be allocated	10,910
Unallocated	425,515
Total shares	436,425

Employee Benefits (Detail Textu

Employee Benefits (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 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	$ 18,218		$ 18,218		$ 18,018
Increase in cash surrender value of insurance	99	$ 100	200	$ 199
Accrued expenses and other liabilities	10,573		10,573		10,108
Noninterest expense	7,048	$ 6,401	13,966	12,767
Employer contribution in defined contribution plan			442	378	570
Net earnings on Bank Owned Life Insurance			200	199
Directors' Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	1,918		1,918		1,687
Noninterest expense			62	65
Executive Long-Term Incentive and Retention Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	998		998		975
Noninterest expense			$ 271	175
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	1,303		$ 1,303		1,276
Postemployment benefit expense			26	26
Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Noninterest expense			48	$ 51
Liability related to these postretirement benefits	$ 2,124		$ 2,124		$ 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	6 Months Ended	12 Months Ended
	Jan. 16, 2019	Jun. 30, 2019	Dec. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP		436,425
Committed to be allocated		10,910
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		$ 4,700
Compensation expense		$ 183

Commitments and Contingencies_2

Commitments and Contingencies (Details) - Operating lease agreements - Branch offices and equipment $ in Thousands	Jun. 30, 2019USD ($)
Operating Leased Assets [Line Items]
2019	$ 337
2020	641
2021	564
2022	509
2023	486
2024 and beyond	477
Total	$ 3,014

Commitments and Contingencies_3

Commitments and Contingencies (Detail Textuals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Total rental expense for cancelable and non-cancelable operating leases	$ 323	$ 317
Rental income under subleases	$ 137	$ 163

Financial Instruments with Of_3

Financial Instruments with Off-Balance-Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	$ 80,138	$ 81,536
Future loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	3,910	3,157
Undisbursed construction loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	11,188	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	9,716	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	52,402	50,773
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk	$ 2,922	$ 1,785

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets) Actual Amount	$ 116,098	$ 71,243
Total capital (to risk-weighted assets) Actual Ratio	14.69%	9.71%
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 63,232	$ 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	$ 79,039	$ 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	$ 108,240	$ 64,597
Tier 1 capital (to risk-weighted assets) Actual Ratio	13.69%	8.80%
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 47,424	$ 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	$ 63,232	$ 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	$ 108,240	$ 64,597
Common equity tier one capital (to risk weighted assets) Actual Ratio	13.69%	8.80%
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 35,568	$ 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	$ 51,376	$ 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	$ 108,240	$ 64,597
Tier 1 capital (to average assets) Actual Ratio	11.92%	7.63%
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 36,319	$ 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	$ 45,398	$ 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	$ 107,591	$ 81,222
Total capital (to risk-weighted assets) Actual Ratio	13.62%	11.07%
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 63,219	$ 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	$ 79,024	$ 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	$ 99,733	$ 74,576
Tier 1 capital (to risk-weighted assets) Actual Ratio	12.62%	10.16%
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 47,414	$ 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	$ 63,219	$ 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	$ 99,733	$ 74,576
Common equity tier one capital (to risk weighted assets) Actual Ratio	12.62%	10.16%
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 35,561	$ 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	$ 51,366	$ 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	$ 99,733	$ 74,576
Tier 1 capital (to average assets) Actual Ratio	11.04%	8.80%
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 36,149	$ 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	$ 45,186	$ 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) - Recurring basis - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 111,398	$ 101,312
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	2,971
U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	89,713	80,216
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	19,847	16,468
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,247	1,232
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	591	425
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	2,971
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	0	2,971
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
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
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
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
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	111,398	98,341
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
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	89,713	80,216
Significant Observable Inputs (Level 2) | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	19,847	16,468
Significant Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,247	1,232
Significant Observable Inputs (Level 2) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	591	425
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
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
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
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
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
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) - Nonrecurring basis - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 196	$ 1,063
Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	196	128
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	935
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
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
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
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
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
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
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	196	1,063
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	196	128
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) - Nonrecurring basis $ in Thousands		Jun. 30, 2019USD ($)Percent	Dec. 31, 2018USD ($)Percent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		$ 196	$ 1,063
Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		196	128
Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		0	935
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		196	1,063
Level 3 | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		196	128
Level 3 | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value | $		$ 0	$ 935
Level 3 | Appraisal of collateral | Appraisal adjustments | Minimum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent) | Percent	[1],[2]	0	0
Level 3 | Appraisal of collateral | Appraisal adjustments | Minimum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent) | Percent	[1],[2]	0	0
Level 3 | Appraisal of collateral | Appraisal adjustments | Maximum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent) | Percent	[1],[2]	20	20
Level 3 | Appraisal of collateral | Appraisal adjustments | Maximum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent) | Percent	[1],[2]	20	6
Level 3 | Appraisal of collateral | Liquidation expenses | Minimum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent) | Percent	[2],[3]	0	0
Level 3 | Appraisal of collateral | Liquidation expenses | Maximum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent) | Percent	[2],[3]	6	6
[1]	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.
[2]	Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable.
[3]	Estimated costs to sell.

Fair Value (Details 3)

Fair Value (Details 3) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Financial Assets:
Cash and due from banks (Level 2)	$ 11,969	$ 50,590	$ 12,408	$ 10,460
Available for sale securities (Level 2)	111,398	101,312
Accrued interest receivable (Level 2)	2,874	2,523
Financial Liabilities:
Mortgagors escrow accounts (Level 2)	10,400	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)	11,969	50,590
Available for sale securities (Level 2)	111,398	101,312
FHLB stock (Level 2)	3,355	1,883
Accrued interest receivable (Level 2)	2,874	2,523
Financial Liabilities:
Deposits (Level 2)	716,858	684,418
Mortgagors escrow accounts (Level 2)	10,400	7,725
FHLB advances (Level 2)	64,541	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)	11,969	50,590
Available for sale securities (Level 2)	111,398	101,312
FHLB stock (Level 2)	3,355	1,883
Accrued interest receivable (Level 2)	2,874	2,523
Financial Liabilities:
Deposits (Level 2)	700,242	683,163
Mortgagors escrow accounts (Level 2)	10,400	7,725
FHLB advances (Level 2)	64,541	31,598
Subordinated debt and other borrowings (Level 2)	5,155	10,155
Level 3 | Carrying Value
Financial Assets:
Loans, net (Level 3)	737,293	678,402
Mortgage servicing rights (Level 3)	2,203	2,278
Level 3 | Fair Value
Financial Assets:
Loans, net (Level 3)	737,182	674,287
Mortgage servicing rights (Level 3)	$ 4,138	$ 4,667

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ (7,012)			$ (7,012)
Period change		$ 1,561	1,096	$ 463	$ (1,074)	2,657	$ (611)
Balance		(4,355)				(4,355)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(5,916)	(7,012)	(8,029)	(6,955)	(7,012)	(6,955)
Other comprehensive (loss) gain before reclassifications	[1]	1,460		315		2,485	(760)
Amounts reclassified from accumulated other comprehensive loss	[1]	101		148		172	149
Period change	[1]	1,561		463		2,657	(611)
Balance	[1]	(4,355)	(5,916)	(7,566)	(8,029)	(4,355)	(7,566)
Accumulated Other Comprehensive Loss | Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(284)	(339)	(534)	(534)	(339)	(534)
Other comprehensive (loss) gain before reclassifications	[1]	(32)		650		(48)	650
Amounts reclassified from accumulated other comprehensive loss	[1],[2]	70		148		141	148
Period change	[1]	38		798		93	798
Balance	[1]	(246)	(284)	264	(534)	(246)	264
Accumulated Other Comprehensive Loss | Unrealized gains (losses) on available for sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(5,632)	(6,673)	(7,495)	(6,421)	(6,673)	(6,421)
Other comprehensive (loss) gain before reclassifications	[1]	1,492		(335)		2,533	(1,410)
Amounts reclassified from accumulated other comprehensive loss	[1],[3]	31		0		31	1
Period change	[1]	1,523		(335)		2,564	(1,409)
Balance	[1]	$ (4,109)	$ (5,632)	$ (7,830)	$ (7,495)	$ (4,109)	$ (7,830)
[1]	All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0 %.
[2]	Included in the computation of net periodic pension cost. See Note 9, "Employee Benefits" for additional details.
[3]	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."

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Details 1) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes		$ 305	$ 147	$ 530	$ 279
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassifications for the period	[1]	(101)	(148)	(172)	(149)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassifications for the period	[1],[2]	(31)	0	(31)	(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]
Net realized loss on sales and calls of securities	[1],[2]	(40)	0	(40)	(1)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Available-for-sale Securities | Related income tax expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes	[1],[2]	9	0	9	0
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassifications for the period	[1],[3]	(70)	(148)	(141)	(148)
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]
Net realized loss on sales and calls of securities	[1],[3]			(179)	(187)
Salaries and employee benefits	[1],[3]	(89)	(187)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Defined Benefit Pension Plan | Related income tax expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes	[1],[3]	$ 19	$ 39	$ 38	$ 39
[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 9, "Employee Benefits" for additional details.

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss (Detail Textuals)	6 Months Ended
	Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Income tax rate	21.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Earnings Per Share [Abstract]
Net income applicable to common stock	$ 1,221	$ 911	$ 579	$ 616	$ 2,132	$ 1,195
Average number of common shares outstanding	11,133,290				11,133,290		11,133,290
Less: Average unallocated ESOP shares	428,243				430,970
Average number of common shares outstanding used to calculate basic earnings per common share	10,705,047				10,702,320
Earnings per Common share:
Basic (in dollars per share)	$ 0.11				$ 0.20
Diluted (in dollars per share)	$ 0.11				$ 0.20