Richmond Mutual Bancorporation (RMBI) 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Aug. 14, 2019	Jun. 30, 2019
Details
Registrant CIK		0001767837
Fiscal Year End		--12-31
Registrant Name		RICHMOND MUTUAL BANCORPORATION, INC.
SEC Form		10-Q
Period End date		Jun. 30, 2019
Trading Symbol		RMBI
Trading Exchange		NASDAQ
Tax Identification Number (TIN)		36-4926041
Number of common stock shares outstanding	13,526,625
Filer Category		Non-accelerated Filer
Current with reporting		Yes
Interactive Data Current		Yes
Shell Company		false
Small Business		true
Emerging Growth Company		true
Ex Transition Period		false
Entity File Number		333-230184
Entity Incorporation, State or Country Code		MD
Entity Address, Address Line One		31 North 9th Street
Entity Address, City or Town		Richmond
Entity Address, State or Province		IN
Entity Address, Postal Zip Code		47374
City Area Code		765
Local Phone Number		962-2581
Title of 12(b) Security		Common Stock
Entity Listing, Par Value Per Share	$ 0.01
Amendment Flag		false
Document Fiscal Year Focus		2019
Document Fiscal Period Focus		Q2
Document Quarterly Report		true
Document Transition Report		false

Consolidated Balance Sheets (Ju

Consolidated Balance Sheets (June 30, 2019 Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 8,038,498	$ 10,112,422
Interest-bearing demand deposits	194,381,806	4,858,748
Cash and cash equivalents	202,420,304	14,971,170
Investment securities - available for sale	134,428,198	122,482,487
Investment securities - held to maturity	19,611,087	21,079,974
Loans and leases, net of allowance for losses of $6,281,000 and $5,600,000, respectively	691,124,194	654,755,066
Premises and equipment, net	13,940,120	14,025,476
Federal Home Loan Bank stock	7,510,400	6,560,600
Interest receivable	2,933,264	2,686,010
Mortgage-servicing rights	1,211,002	1,227,356
Cash surrender value of life insurance	3,778,430	3,718,219
Other assets	6,065,938	8,112,005
Total assets	1,083,022,937	849,618,363
Liabilities
Non-interest bearing deposits	237,401,830	58,044,369
Interest bearing deposits	590,227,032	562,592,451
Total deposits	827,628,862	620,636,820
Federal Home Loan Bank advances	157,100,000	136,100,000
Advances by borrowers for taxes and insurance	571,810	543,527
Interest payable	753,101	550,749
Other liabilities	5,955,570	5,934,235
Total liabilities	992,009,343	763,765,331
Stockholders' Equity
Common stock, $.01 par value; Authorized - 500 shares; Issued and outstanding - 100 shares	1	1
Additional paid-in capital	12,750,999	12,750,999
Retained earnings	79,187,692	77,480,318
Accumulated other comprehensive loss	(925,098)	(4,378,286)
Total stockholders' equity	91,013,594	85,853,032
Total liabilities and stockholders' equity	$ 1,083,022,937	$ 849,618,363

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (June 30, 2019 Unaudited) - Parenthetical - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Details
Allowance for Loan and Lease Losses Write-offs, Net	$ 6,281,000	$ 5,600,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500	500
Common Stock, Shares, Outstanding	100	100
Common Stock, Shares, Issued	100	100

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest Income
Loans and leases	$ 9,163,223	$ 7,718,149	$ 17,929,352	$ 14,980,059
Investment securities	956,816	829,424	1,898,477	1,695,739
Other	278,462	47,755	327,569	82,292
Total interest income	10,398,501	8,595,328	20,155,398	16,758,090
Interest Expense
Deposits	2,107,460	1,351,493	3,994,160	2,509,399
Borrowings	808,565	433,228	1,558,827	887,250
Total interest expense	2,916,025	1,784,721	5,552,987	3,396,649
Net Interest Income	7,482,476	6,810,607	14,602,411	13,361,441
Provision for losses on loans and leases	485,000	450,000	1,010,000	900,000
Net Interest Income After Provision for Losses on Loans and Leases	6,997,476	6,360,607	13,592,411	12,461,441
Other Income
Service charges on deposit accounts	251,795	273,640	483,444	525,974
Card fee income	185,903	176,526	352,489	336,042
Loan and lease servicing fees	98,931	105,340	212,203	144,166
Net gains on securities (includes $36,426 and $11,952, $61,232 and $11,952, related to accumulated other comprehensive loss reclassifications)	36,426	11,952	61,232	11,952
Net gains on loan and lease sales	123,573	101,677	210,798	200,416
Other loan fees	88,394	80,338	243,034	230,295
Other income	114,883	152,007	241,160	291,614
Total other income	899,905	901,480	1,804,360	1,740,459
Other Expenses
Salaries and employee benefits	5,316,221	3,441,461	8,791,954	6,852,025
Net occupancy expenses	256,564	263,196	549,945	555,644
Equipment expenses	233,500	223,421	475,645	456,622
Data processing fees	423,974	373,738	838,166	744,793
Deposit insurance expense	158,000	156,000	293,000	262,000
Printing and office supplies	27,262	42,758	69,020	78,479
Legal and professional fees	208,975	140,066	505,754	281,817
Advertising expense	173,259	116,926	296,676	235,568
Bank service charges	32,593	28,391	64,269	51,935
Real estate owned expense	22,573	10,264	37,393	18,718
Loss on sale of real estate owned	6,493	0	6,493	0
Loan tax and insurance expense	72,779	44,595	49,727	97,030
Other expenses	671,763	707,641	1,430,955	1,353,354
Total other expenses	7,603,956	5,548,457	13,408,997	10,987,985
Income Before Income Tax Expense (Benefit)	293,425	1,713,630	1,987,724	3,213,915
Provision (benefit) for income taxes (includes $9,520 and $3,124, $16,003 and $3,124, related to income tax expense from reclassification of items)	(41,700)	338,700	280,400	626,600
Net Income (Loss)	$ 335,125	$ 1,374,930	$ 1,707,374	$ 2,587,315

Consolidated Statements of In_2

Consolidated Statements of Income (Unaudited) - Parenthetical - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Details
Accumulated other comprehensive loss reclassifications	$ 36,426	$ 11,952	$ 61,232	$ 11,952
Provision for income tax expense from reclassification of items	$ 9,520	$ 3,124	$ 16,003	$ 3,124

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Details
Net Income	$ 335,125	$ 1,374,930	$ 1,707,374	$ 2,587,315
Other Comprehensive Income (Loss)
Unrealized gain (loss) on available-for-sale securities, net of tax expense (benefit) of $559,911 and ($101,138), $1,237,814 and ($851,785).	1,582,470	(285,845)	3,498,417	(2,407,389)
Less: reclassification adjustment for realized gains included in net income, net of tax expense of $9,520 and $3,124, $16,003 and $3,124.	26,906	8,828	45,229	8,828
Other Comprehensive Income, Other, Net of Tax	1,555,564	(294,673)	3,453,188	(2,416,217)
Comprehensive Income	$ 1,890,689	$ 1,080,257	$ 5,160,562	$ 171,098

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) - Parenthetical - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Details
Available for sale securities income tax expense (benefit)	$ 559,911	$ (101,138)	$ 1,237,814	$ (851,785)
Reclassification Adjustment Income Tax Expense (benefit)	$ 9,520	$ 3,124	$ 16,003	$ 3,124

Consolidated Statements of Chan

Consolidated Statements of Changes Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2017	$ 1	$ 1	$ 12,757,998	$ 71,765,677	$ (2,725,854)	$ 81,797,823
Shares, Outstanding, Beginning Balance at Dec. 31, 2017	80	100
Net Income (Loss)				2,587,315		2,587,315
Other comprehensive income (loss)					(2,416,217)	(2,416,217)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2018	$ 1	$ 1	12,757,998	73,852,992	(5,142,071)	81,468,921
Shares, Outstanding, Ending Balance at Jun. 30, 2018	80	100
Dividends				(500,000)		(500,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2018	$ 1	$ 1	12,757,998	72,478,062	(4,847,398)	80,388,664
Shares, Outstanding, Beginning Balance at Mar. 31, 2018	80	100
Net Income (Loss)				1,374,930		1,374,930
Other comprehensive income (loss)					(294,673)	(294,673)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2018	$ 1	$ 1	12,757,998	73,852,992	(5,142,071)	81,468,921
Shares, Outstanding, Ending Balance at Jun. 30, 2018	80	100
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2018	$ 0	$ 1	12,750,999	77,480,318	(4,378,286)	85,853,032
Shares, Outstanding, Beginning Balance at Dec. 31, 2018		100
Net Income (Loss)				1,707,374		1,707,374
Other comprehensive income (loss)					3,453,188	3,453,188
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2019	$ 0	$ 1	12,750,999	79,187,692	(925,098)	91,013,594
Shares, Outstanding, Ending Balance at Jun. 30, 2019	0	100
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2019	$ 0	$ 1	12,750,999	78,852,567	(2,480,662)	89,122,905
Shares, Outstanding, Beginning Balance at Mar. 31, 2019		100
Net Income (Loss)				335,125		335,125
Other comprehensive income (loss)					1,555,564	1,555,564
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2019	$ 0	$ 1	$ 12,750,999	$ 79,187,692	$ (925,098)	$ 91,013,594
Shares, Outstanding, Ending Balance at Jun. 30, 2019	0	100

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Net income	$ 1,707,374	$ 2,587,315
Items not requiring (providing) cash
Provision for loan losses	1,010,000	900,000
Depreciation and amortization	458,622	453,534
Deferred income tax	(779,000)	(584,000)
Investment securities (accretion) amortization, net	375,216	424,673
Investment securities gains	(61,232)	(11,952)
Gain on sale of loans and leases held for sale	(210,798)	(200,416)
Loss on sale of real estate owned	6,493	0
Accretion of loan origination fees	(88,088)	(100,637)
Amortization of mortgage-servicing rights	74,407	125,734
Increase in cash surrender value of life insurance	(60,211)	(59,830)
Loans originated for sale	(7,564,068)	(9,913,151)
Proceeds on loans sold	8,057,168	5,191,292
Net change in
Interest receivable	(247,254)	(263,853)
Other assets	1,616,150	815,527
Other liabilities	21,335	(390,503)
Interest payable	202,352	139,229
Net cash provided by (used in) operating activities	4,518,466	(887,038)
Investing Activities
Net change in interest-bearing time deposits	0	200,000
Purchases of securities available for sale	(35,162,200)	(8,515,450)
Proceeds from maturities and paydowns of securities available for sale	5,041,948	5,177,160
Proceeds from sales of securities available for sale	22,456,675	1,507,529
Proceeds from maturities and paydowns of securities held to maturity	1,445,000	2,310,000
Net change in loans	(37,636,795)	(47,077,985)
Purchases of premises and equipment	(373,266)	(768,093)
Purchase of FHLB stock	(949,800)	0
Net cash used in investing activities	(45,089,657)	(47,166,839)
Financing Activities
Demand and savings deposits	202,452,437	13,564,849
Certificates of deposit	4,539,605	34,658,759
Advances by borrowers for taxes and insurance	28,283	45,515
Proceeds from FHLB advances	57,000,000	149,500,000
Repayment of FHLB advances	(36,000,000)	(149,000,000)
Dividends paid	0	(500,000)
Net cash provided by financing activities	228,020,325	48,269,123
Net Change in Cash and Cash Equivalents	187,449,134	215,246
Cash and Cash Equivalents, Beginning of Period	14,971,170	16,169,754
Cash and Cash Equivalents, End of Period	202,420,304	16,385,000
Additional Cash Flows and Supplementary Information
Interest paid	5,350,635	3,257,420
Transfers from loans to other real estate owned	$ 5,400	$ 71,458

Note 1_ Basis of Presentation

Note 1: Basis of Presentation	3 Months Ended
	Jun. 30, 2019
Notes
Note 1: Basis of Presentation	Note 1: Basis of Presentation The consolidated financial statements include the accounts of Richmond Mutual Bancorporation, Inc., a Delaware corporation (the “Company”), which is a wholly owned subsidiary of First Mutual of Richmond, Inc. (the “MHC”), and the Company’s wholly owned subsidiary, First Bank Richmond, and conform to accounting principles generally accepted in the United States of America and reporting practices followed by the banking industry. The more significant of the policies are described below. On February 6, 2019, the Board of Directors of the MHC, the parent mutual holding company of the Company, adopted a Plan of Reorganization and Stock Offering (the “Plan”). The Plan was approved by the Board of Governors of the Federal Reserve System (the “FRB”) and by the Indiana Department of Financial Institutions (the “IDFI”), as well as the voting members of the MHC at a special meeting of members held on June 19, 2019. Pursuant to the Plan, upon completion of the transaction, the MHC would convert from a mutual holding company to the stock holding company corporate structure, the MHC and the Company would cease to exist, and First Bank Richmond would become a wholly owned subsidiary of a newly formed Maryland corporation also known as Richmond Mutual Bancorporation, Inc. (“Richmond Mutual Bancorporation-Maryland”). The transaction was completed on July 1, 2019. In connection with the related stock offering, which was also completed on July 1, 2019, Richmond Mutual Bancorporation-Maryland sold 13,026,625 shares of common stock at $10.00 per share, for gross offering proceeds of approximately $130.3 million in its subscription offering and contributed 500,000 shares and $1.25 million to a newly formed charitable foundation, First Bank Richmond, Inc. Community Foundation. The costs of the reorganization and the issuance of the common stock will be deducted from the sales proceeds of the offering. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or note disclosures necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Accordingly, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the Company’s year ended December 31, 2018 included in the prospectus filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b) of the Securities Act of 1933, as amended, on May 16, 2019 (SEC File No. 333-230184). However, in the opinion of management, all adjustments which are necessary for a fair presentation of the consolidated financial statements have been included. Those adjustments consist only of normal recurring adjustments. The interim consolidated financial statements for the three and six months ended June 30, 2019 and 2018, have not been audited by independent accountants, but in the opinion of management, reflect all adjustments necessary to present fairly the financial position, results of operations and cash flows for such periods. The results of operations for the period are not necessarily indicative of the results to be expected for the full year. The Consolidated Balance Sheet of the Company as of December 31, 2018 has been derived from the audited Consolidated Balance Sheet of the Company as of that date.

Note 2_ Accounting Pronouncemen

Note 2: Accounting Pronouncements	3 Months Ended
	Jun. 30, 2019
Notes
Note 2: Accounting Pronouncements	Note 2: Accounting Pronouncements Richmond Mutual Bancorporation - Maryland is an emerging growth company and as such will be subject to the effective dates noted for the private companies if they differ from the effective dates noted for public companies. Revenue Recognition — Accounting Standards Codification 606, “Revenue from Contracts with Customers” (ASC 606) provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance enumerates five steps that entities should follow in achieving this core principle. Revenue generated from financial instruments, including loans and investment securities, are not included in the scope of ASC 606. The Company elected early adoption of ASC 606 in 2018. The adoption of ASC 606 did not result in a change to the accounting of any of the Company’s revenue streams that are within the scope of the amendments. Revenue-gathering activities that are within the scope of ASC 606 and that are presented as non-interest income in the Company’s consolidated statements of income include: - Service charges on deposit accounts – these include general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer and overdraft activities. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. - Card fee income – this includes debit card fees charged based on the volume and number of debit card transactions. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326) The FASB has issued ASU No. 2016-02, Leases (Topic 842) In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842), Targeted Improvements

Note 3_ Investment Securities

Note 3: Investment Securities	3 Months Ended
	Jun. 30, 2019
Notes
Note 3: Investment Securities	Note 3: Investment Securities The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows: June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale Federal agencies $42,772 $1 $536 $42,237 State and municipal obligations 30,886 205 117 30,974 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 62,005 112 913 61,204 Equity securities 13 - - 13 135,676 318 1,566 134,428 Held to maturity State and municipal obligations 17,111 222 13 17,320 Corporate obligations 2,500 2,632 - 5,132 19,611 2,854 13 22,452 Total investment securities $155,287 $3,172 $1,579 $156,880 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale Federal agencies $40,812 $- $2,802 $38,010 State and municipal obligations 30,531 34 776 29,789 Mortgage-backed securities - government-sponsored enterprises GSE residential 56,945 11 2,286 54,670 Equity securities 13 - - 13 128,301 45 5,864 122,482 Held to maturity State and municipal obligations 18,580 70 107 18,543 Corporate obligations 2,500 2,610 - 5,110 21,080 2,680 107 23,653 Total investment securities $149,381 $2,725 $5,971 $146,135 The amortized cost and fair value of securities at June 30, 2019, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value Within one year $167 $167 $2,717 $2,721 One to five years 13,937 13,912 8,071 8,132 Five to ten years 51,063 50,602 4,825 4,925 After ten years 8,491 8,530 3,998 6,674 73,658 73,211 19,611 22,452 Mortgage-backed securities - GSE residential 62,005 61,204 - - Equity securities 13 13 - - Totals $135,676 $134,428 $19,611 $22,452 Securities with a carrying value of $98,370,000 and $86,267,000 were pledged at June 30, 2019 and December 31, 2018, respectively, to secure certain deposits and for other purposes as permitted or required by law. Proceeds from sales of securities available for sale for the three and six months ended June 30, 2019 were $10,989,153 and $22,456,675, respectively. For the three and six months ended June 30, 2018, proceeds from sales of securities available for sale were $1,507,529. Gross gains were recognized on the sale of securities available for sale for the three and six months ended June 30, 2019 of $37,000 and $62,000, respectively. Gross gains of $12,000 were recognized on the sale of securities available for sale for the three and six months ended June 30, 2018. There were no gross losses realized from sales of securities available for sale for the three and six months ended June 30, 2019 and 2018. Certain investments in debt securities are reported in the consolidated financial statements and notes at an amount less than their historical cost. Total fair value of these investments at June 30, 2019 and December 31, 2018 was $103,597,000 and $126,736,000, which is approximately 66% and 88%, respectively, of the Company’s available-for-sale and held-to-maturity investment portfolio. These declines primarily resulted from recent changes in market interest rates. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any other securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. The following tables show the Company’s investments by gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2019 and December 31, 2018: June 30, 2019 Less Than 12 Months 12 Months or More Total Description of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses Available-for-sale Federal agencies - - 37,736 536 37,736 536 State and municipal obligations 1,290 4 13,864 113 15,154 117 Mortgage-backed securities - GSE residential 5,368 24 42,404 889 47,772 913 Total available-for-sale 6,658 28 94,004 1,538 100,662 1,566 Held-to-maturity State and municipal obligations - - 2,935 13 2,935 13 Total temporarily impaired securities $6,658 $28 $96,939 $1,551 $103,597 $1,579 December 31, 2018 Less Than 12 Months 12 Months or More Total Description of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses Available-for-sale Federal agencies $- $- $38,010 $2,802 $38,010 $2,802 State and municipal obligations 4,516 26 21,529 750 26,045 776 Mortgage-backed securities - GSE residential 5,872 30 45,676 2,256 51,548 2,286 Total available-for-sale 10,388 56 105,215 5,808 115,603 5,864 Held-to-maturity State and municipal obligations 3,271 11 7,862 96 11,133 107 Total temporarily impaired securities $13,659 $67 $113,077 $5,904 $126,736 $5,971 Federal Agencies and U.S. Treasury Securities. Mortgage-Backed Securities - GSE Residential. State and Municipal Obligations.

Note 4_ Loans, Leases and Allow

Note 4: Loans, Leases and Allowance	3 Months Ended
	Jun. 30, 2019
Notes
Note 4: Loans, Leases and Allowance	Note 4: Loans, Leases and Allowance Categories of loans at June 30, 2019 and December 31, 2018 include: June 30, December 31, 2019 2018 Commercial mortgage $ 222,789 $ 211,237 Commercial and industrial 74,913 71,854 Construction and development 80,122 72,955 Multi-family 57,435 43,816 Residential mortgage 134,083 132,492 Home equity 7,781 7,214 Direct financing leases 107,340 107,735 Consumer 13,405 13,520 697,868 660,823 Less Allowance for loan and lease losses 6,281 5,600 Deferred loan fees 463 468 $ 691,124 $ 654,755 The following tables present the activity in the allowance for loan losses for three and six months ended June 30, 2019 and 2018. Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended June 30, 2019: Balance, beginning of period $ 3,420 $ 1,790 $ 117 $ 392 $ 117 $ 5,836 Provision for losses 466 (26) 30 12 3 485 Charge-offs - - (34) (95) (15) (144) Recoveries 6 4 9 76 9 104 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Six Months Ended June 30, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision for losses 735 195 (7) 50 37 1,010 Charge-offs - (250) (36) (177) (49) (512) Recoveries 10 6 26 123 18 183 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended June 30, 2018: Balance, beginning of period $ 2,975 $ 1,634 $ 224 $ 319 $ 99 $ 5,251 Provision for losses 177 255 (96) 93 21 450 Charge-offs - (47) (10) (158) (20) (235) Recoveries 5 12 55 90 5 167 Balance, end of period $ 3,157 $ 1,854 $ 173 $ 344 $ 105 $ 5,633 Six Months Ended June 30, 2018: Balance, beginning of period $ 2,424 $ 1,663 $ 257 $ 337 $ 119 $ 4,800 Provision for losses 727 221 (119) 75 (4) 900 Charge-offs (7) (47) (49) (194) (30) (327) Recoveries 13 17 84 126 20 260 Balance, end of period $ 3,157 $ 1,854 $ 173 $ 344 $ 105 $ 5,633 The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of June 30, 2019 and December 31, 2018: June 30, 2019 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan losses: Individually evaluated for impairment $282 $140 $- $- $- $422 Collectively evaluated for impairment 3,610 1,628 122 385 114 5,859 Balance, June 30 $3,892 $1,768 $122 $385 $114 $6,281 Loans: Individually evaluated for impairment $693 $869 $371 $- $- $1,933 Collectively evaluated for impairment 383,175 69,206 118,687 107,340 17,527 695,935 Ending balance: June 30 $383,868 $70,075 $119,058 $107,340 $17,527 $697,868 December 31, 2018 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan losses: Individually evaluated for impairment $300 $394 $- $- $- $694 Collectively evaluated for impairment 2,847 1,423 139 389 108 4,906 Balance, December 31 $3,147 $1,817 $139 $389 $108 $5,600 Loans: Individually evaluated for impairment $743 $1,177 $389 $- $- $2,309 Collectively evaluated for impairment 358,593 58,203 117,258 107,735 16,725 658,514 Ending balance: December 31 $359,336 $59,380 $117,647 $107,735 $16,725 $660,823 First Bank Richmond rates all loans by credit quality using the following designations: Grade 1 - Exceptional Exceptional loans are top-quality loans to individuals whose financial credentials are well known to the Company. These loans have excellent sources of repayment, are well documented and/or virtually free of risk (i.e., CD secured loans). Grade 2 - Quality Loans These loans have excellent sources of repayment with no identifiable risk of collection, and they conform in all respects to Company policy and IDFI and Federal Deposit Insurance Corporation (“FDIC”) regulations. Documentation exceptions are minimal or are in the process of being corrected and are not of a type that could subsequently expose the Company to risk of loss. Grade 3 - Acceptable Loans This category is for “average” quality loans. These loans have adequate sources of repayment with little identifiable risk of collection and they conform to Company policy and IDFI/FDIC regulations. Grade 4 - Acceptable but Monitored Loans in this category may have a greater than average risk due to financial weakness or uncertainty but do not appear to require classification as special mention or substandard loans. Loans rated “4” need to be monitored on a regular basis to ascertain that the reasons for placing them in this category do not advance or worsen. Grade 5 - Special Mention Loans in this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Company’s credit position at some future date. Special Mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. This special mention rating is designed to identify a specific level of risk and concern about an asset’s quality. Although a special mention loan has a higher probability of default than a pass rated loan, its default is not imminent. Grade 6 - Substandard Loans in this category are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard loans have a high probability of payment default, or they have other well-defined weaknesses. Such loans have a distinct potential for loss; however, an individual loan’s potential for loss does not have to be distinct for the loan to be rated substandard. The following are examples of situations that might cause a loan to be graded a “6”: · · · · Grade 7 - Doubtful A loan classified as doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. A doubtful loan has a high probability of total or substantial loss. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Because of high probability of loss, nonaccrual accounting treatment will be required for doubtful loans. Grade 8 - Loss Loans classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan even though partial recovery may be affected in the future. The risk characteristics of each loan portfolio segment are as follows: Commercial and Industrial Commercial and industrial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial Mortgage including Construction Loans in this segment include commercial loans, commercial construction loans, and multi-family loans. This segment also includes loans secured by 1-4 family residences which were made for investment purposes. Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The characteristics of properties securing the Company’s commercial real estate portfolio are diverse, but with geographic location almost entirely in the Company’s market area. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In general, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate versus nonowner-occupied loans. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews and financial analysis of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Residential, Brokered and Consumer Residential, brokered and consumer loans consist of three segments - residential mortgage loans, brokered mortgage loans and personal loans. For residential mortgage loans that are secured by 1-4 family residences and are generally owner-occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Brokered mortgages are purchased residential mortgage loans meeting the Company's criteria established for originating residential mortgage loans. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some consumer personal loans are unsecured, such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Leases Lease financing consists of direct financing leases and are used by commercial customers to finance capital purchases of equipment. The credit decisions for these transactions are based upon an assessment of the overall financial capacity of the applicant. A determination is made as to the applicant’s financial condition and ability to repay in accordance with the proposed terms as well as an overall assessment of the risks involved. The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of June 30, 2019 and December 31, 2018: June 30, 2019 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $215,044 $71,720 $80,122 $57,435 $131,292 $7,655 $107,223 $12,783 $683,274 5 Special Mention 6,177 - - - 201 63 - - 6,441 6 Substandard 1,568 3,193 - - 2,590 63 46 622 8,082 7 Doubtful - - - - - - 71 - 71 8 Loss - - - - - - - - - $222,789 $74,913 $80,122 $57,435 $134,083 $7,781 $107,340 $13,405 $697,868 December 31, 2018 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $210,158 $68,568 $72,955 $40,890 $128,665 $7,059 $107,382 $13,467 $649,144 5 Special Mention 492 35 - 2,926 264 65 - - 3,782 6 Substandard 587 3,251 - - 3,563 90 151 53 7,695 7 Doubtful - - - - - - 202 - 202 8 Loss - - - - - - - - - $211,237 $71,854 $72,955 $43,816 $132,492 $7,214 $107,735 $13,520 $660,823 The following tables present the Company’s loan portfolio aging analysis of the recorded investment in loans as of June 30, 2019 and December 31, 2018: June 30, 2019 Delinquent Loans Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Portfolio > 90 Days Past Due Past Due Over Due Current Loans Accruing Commercial mortgage $714 $- $76 $790 $221,999 $222,789 $- Commercial and industrial - 40 808 848 74,065 74,913 - Construction and development 7,584 211 - 7,795 72,327 80,122 - Multi-family - - - - 57,435 57,435 - Residential mortgage 1,257 401 2,412 4,070 130,013 134,083 2,145 Home equity 35 - 15 50 7,731 7,781 15 Leases 128 40 - 168 107,172 107,340 - Consumer 24 52 1 77 13,328 13,405 1 Totals $9,742 $744 $3,312 $13,798 $684,070 $697,868 $2,161 December 31, 2018 Delinquent Loans Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Portfolio > 90 Days Past Due Past Due Over Due Current Loans Accruing Commercial mortgage $- $412 $78 $490 $210,747 $211,237 $- Commercial and industrial 321 328 1,243 1,892 69,962 71,854 130 Construction and development - - - - 72,955 72,955 - Multi-family 1,684 - - 1,684 42,132 43,816 - Residential mortgage 1,147 807 2,193 4,147 128,345 132,492 1,913 Home equity 99 - 15 114 7,100 7,214 15 Leases 110 89 - 199 107,536 107,735 - Consumer 67 24 38 129 13,391 13,520 38 Totals $3,428 $1,660 $3,567 $8,655 $652,168 $660,823 $2,096 The following tables present the Company’s impaired loans and specific valuation allowance at June 30, 2019 and December 31, 2018: June 2019 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $365 $434 $- Commercial and industrial 672 2,446 - Residential mortgage 371 619 - $1,408 $3,499 $- Loans with a specific valuation allowance Commercial mortgage $328 $378 $282 Commercial and industrial 197 860 140 $525 $1,238 $422 Total impaired loans Commercial mortgage $693 $812 $282 Commercial and industrial 869 3,306 140 Residential mortgage 371 619 - Total impaired loans $1,933 $4,737 $422 December 31, 2018 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $397 $453 $- Commercial and industrial 485 829 - Residential mortgage 389 688 - $1,271 $1,970 $- Loans with a specific valuation allowance Commercial mortgage $346 $387 $300 Commercial and industrial 692 2,495 394 $1,038 $2,882 $694 Total impaired loans Commercial mortgage $743 $840 $300 Commercial and industrial 1,177 3,324 394 Residential mortgage 389 688 - Total impaired loans $2,309 $4,852 $694 The following tables present the Company’s average investment in impaired loans and interest income recognized for the three and six months ended June 30, 2019 and 2018. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2019: Total impaired loans Commercial mortgage $703 $7 Commercial and industrial 889 30 Residential mortgage 377 4 Total impaired loans $1,969 $41 Six Months Ended June 30, 2019: Total impaired loans Commercial mortgage $716 $22 Commercial and industrial 985 40 Residential mortgage 381 8 Total impaired loans $2,082 $70 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2018: Total impaired loans Commercial mortgage $171 $10 Commercial and industrial 2,579 14 Residential mortgage 339 5 Total impaired loans $3,089 $29 Six Months Ended June 30, 2018: Total impaired loans Commercial mortgage $175 $12 Commercial and industrial 2,589 28 Residential mortgage 332 8 Total impaired loans $3,096 $48 The following table presents the Company’s nonaccrual loans at June 30, 2019 and December 31, 2018: June 30, December 31, 2019 2018 Commercial mortgage $693 $743 Commercial and industrial 869 1,177 Residential mortgage 340 357 Leases 71 202 $1,973 $2,479 During the six months ended June 30, 2019 and 2018, there were no newly classified troubled debt restructured loans. At June 30, 2019 and December 31, 2018, the balance of real estate owned includes $84,000 and $176,000, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At June 30, 2019 and December 31, 2018, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceeds were in process was $291,000 and $342,000, respectively. The following lists the components of the net investment in direct financing leases: June 30, December 31, 2019 2018 Total minimum lease payments to be received $118,335 $118,752 Initial direct costs 5,436 5,459 123,771 124,211 Less: Unearned income (16,431) (16,476) Net investment in direct financing leases $107,340 $107,735 The amount of leases serviced by First Bank Richmond for the benefit of others was approximately $1.5 million and $2.8 million at June 30, 2019 and December 31, 2018, respectively. Additionally, certain leases have been sold with partial recourse. First Bank Richmond estimates and records its obligation based upon historical loss percentages. At June 30, 2019 and December 31, 2018, First Bank Richmond has recorded a recourse obligation on leases sold with recourse of $0, and has a maximum exposure of $851,000 and $875,000, respectively, for these leases. The following table summarizes the future minimum lease payments receivable subsequent to June 30, 2019: 2019 $23,835 2020 40,150 2021 28,628 2022 16,655 2023 7,481 Thereafter 1,586 $118,335

Note 5_ Fair Value of Financial

Note 5: Fair Value of Financial Instruments	3 Months Ended
	Jun. 30, 2019
Notes
Note 5: Fair Value of Financial Instruments	Note 5: Fair Value of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities Recurring Measurements The following tables present the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2019 and December 31, 2018: Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) June 30, 2019 Available-for-sale securities Federal agencies $42,237 $- $42,237 $- State and municipal obligations 30,974 - 30,974 - Mortgage-backed securities - GSE residential 61,204 - 61,204 - Equity securities 13 13 - - $134,428 $13 $134,415 $- Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) December 31, 2018 Available-for-sale securities Federal agencies $38,010 $- $38,010 $- State and municipal obligations 29,789 - 29,789 - Mortgage-backed securities - GSE residential 54,670 - 54,670 - Equity securities 13 13 - - $122,482 $13 $122,469 $- Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the three and six months ended June 30, 2019. Available-for-Sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy, which includes equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include agency securities, obligations of state and political subdivisions, and mortgage-backed securities. Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities without relying exclusively on quoted prices for specific investment securities but rather relying on the investment securities’ relationship to other benchmark quoted investment securities. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. Nonrecurring Measurements The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2019 and December 31, 2018: Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) June 30, 2019 Impaired loans, collateral dependent $267 $- $- $267 December 31, 2018 Impaired loans, collateral dependent $344 $- $- $344 Mortgage-servicing rights 1,227 - - 1,042 Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Collateral-Dependent Impaired Loans, Net of ALLL The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by management. Appraisals are reviewed for accuracy and consistency by management. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by management by comparison to historical results. Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. Allowable methods for determining the amount of impairment include estimating fair value using the fair value of the collateral for collateral-dependent loans. Mortgage-Servicing Rights Mortgage-servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models having significant inputs of discount rate, prepayment speed and default rate. Due to the nature of the valuation inputs, mortgage-servicing rights are classified within Level 3 of the hierarchy. Mortgage-servicing rights are tested for impairment on a quarterly basis based on an independent valuation. The valuation is reviewed by management for accuracy and for potential impairment. Unobservable (Level 3) Inputs The following tables present the fair value measurement of assets recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2019 and December 31, 2018: Fair Value at June 30, Valuation Unobservable 2019 Technique Inputs Range Collateral-dependent impaired loanst $267 Appraisal Marketability discount 0%-36% Fair Value at December 31, Valuation Unobservable 2018 Technique Inputs Range Collateral-dependent impaired loans $344 Appraisal Marketability discount 0%-70% Mortgage-servicing rights $1,227 Discounted cash flow Discount rate 10% Prepayment Speed 1%-56% Fair Value of Financial Instruments The following tables present estimated fair values of the Company’s financial instruments at June 30, 2019 and December 31, 2018. Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) June 30, 2019 Financial assets Cash and cash equivalents $202,420 $202,420 $- $- Available-for-sale securities 134,428 13 134,415 - Held-to-maturity securities 19,611 - 22,452 - Loans and leases receivable, net 691,124 - - 682,161 Federal Reserve and FHLB stock 7,510 - 7,510 - Interest receivable 2,933 - 2,933 - Financial liabilities Deposits 827,629 - 828,230 - FHLB advances 157,100 - 155,937 - Interest payable 753 - 753 - Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) December 31, 2018 Financial assets Cash and cash equivalents $14,971 $14,971 $- $- Available-for-sale securities 122,482 13 122,469 - Held-to-maturity securities 21,080 - 23,653 - Loans and leases receivable, net 654,755 - - 643,572 Federal Reserve and FHLB stock 6,561 - 6,561 - Interest receivable 2,686 - 2,686 - Financial liabilities Deposits 620,637 - 620,380 - FHLB advances 136,100 - 133,141 - Interest payable 551 - 551 -

Note 1_ Basis of Presentation_

Note 1: Basis of Presentation: Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies	The consolidated financial statements include the accounts of Richmond Mutual Bancorporation, Inc., a Delaware corporation (the “Company”), which is a wholly owned subsidiary of First Mutual of Richmond, Inc. (the “MHC”), and the Company’s wholly owned subsidiary, First Bank Richmond, and conform to accounting principles generally accepted in the United States of America and reporting practices followed by the banking industry. The more significant of the policies are described below. On February 6, 2019, the Board of Directors of the MHC, the parent mutual holding company of the Company, adopted a Plan of Reorganization and Stock Offering (the “Plan”). The Plan was approved by the Board of Governors of the Federal Reserve System (the “FRB”) and by the Indiana Department of Financial Institutions (the “IDFI”), as well as the voting members of the MHC at a special meeting of members held on June 19, 2019. Pursuant to the Plan, upon completion of the transaction, the MHC would convert from a mutual holding company to the stock holding company corporate structure, the MHC and the Company would cease to exist, and First Bank Richmond would become a wholly owned subsidiary of a newly formed Maryland corporation also known as Richmond Mutual Bancorporation, Inc. (“Richmond Mutual Bancorporation-Maryland”). The transaction was completed on July 1, 2019. In connection with the related stock offering, which was also completed on July 1, 2019, Richmond Mutual Bancorporation-Maryland sold 13,026,625 shares of common stock at $10.00 per share, for gross offering proceeds of approximately $130.3 million in its subscription offering and contributed 500,000 shares and $1.25 million to a newly formed charitable foundation, First Bank Richmond, Inc. Community Foundation. The costs of the reorganization and the issuance of the common stock will be deducted from the sales proceeds of the offering. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or note disclosures necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Accordingly, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the Company’s year ended December 31, 2018 included in the prospectus filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b) of the Securities Act of 1933, as amended, on May 16, 2019 (SEC File No. 333-230184). However, in the opinion of management, all adjustments which are necessary for a fair presentation of the consolidated financial statements have been included. Those adjustments consist only of normal recurring adjustments. The interim consolidated financial statements for the three and six months ended June 30, 2019 and 2018, have not been audited by independent accountants, but in the opinion of management, reflect all adjustments necessary to present fairly the financial position, results of operations and cash flows for such periods. The results of operations for the period are not necessarily indicative of the results to be expected for the full year. The Consolidated Balance Sheet of the Company as of December 31, 2018 has been derived from the audited Consolidated Balance Sheet of the Company as of that date.

Note 3_ Investment Securities_

Note 3: Investment Securities: Marketable Securities, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Marketable Securities, Policy	Securities with a carrying value of $98,370,000 and $86,267,000 were pledged at June 30, 2019 and December 31, 2018, respectively, to secure certain deposits and for other purposes as permitted or required by law. Proceeds from sales of securities available for sale for the three and six months ended June 30, 2019 were $10,989,153 and $22,456,675, respectively. For the three and six months ended June 30, 2018, proceeds from sales of securities available for sale were $1,507,529. Gross gains were recognized on the sale of securities available for sale for the three and six months ended June 30, 2019 of $37,000 and $62,000, respectively. Gross gains of $12,000 were recognized on the sale of securities available for sale for the three and six months ended June 30, 2018. There were no gross losses realized from sales of securities available for sale for the three and six months ended June 30, 2019 and 2018. Certain investments in debt securities are reported in the consolidated financial statements and notes at an amount less than their historical cost. Total fair value of these investments at June 30, 2019 and December 31, 2018 was $103,597,000 and $126,736,000, which is approximately 66% and 88%, respectively, of the Company’s available-for-sale and held-to-maturity investment portfolio. These declines primarily resulted from recent changes in market interest rates. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any other securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified.

Note 3_ Investment Securities_2

Note 3: Investment Securities: Federal Agencies and U.S. Treasury Securities Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Federal Agencies and U.S. Treasury Securities Policy	Federal Agencies and U.S. Treasury Securities.

Note 3_ Investment Securities_3

Note 3: Investment Securities: SBA Pools and Mortgage-Backed Securities - GSE Residential Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
SBA Pools and Mortgage-Backed Securities - GSE Residential Policy	Mortgage-Backed Securities - GSE Residential.

Note 3_ Investment Securities_4

Note 3: Investment Securities: State and Municipal Obligations Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
State and Municipal Obligations Policy	State and Municipal Obligations.

Note 4_ Loans, Leases and All_2

Note 4: Loans, Leases and Allowance: Credit Quality Indicators and Characteristics Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Credit Quality Indicators and Characteristics Policy	Grade 1 - Exceptional Exceptional loans are top-quality loans to individuals whose financial credentials are well known to the Company. These loans have excellent sources of repayment, are well documented and/or virtually free of risk (i.e., CD secured loans). Grade 2 - Quality Loans These loans have excellent sources of repayment with no identifiable risk of collection, and they conform in all respects to Company policy and IDFI and Federal Deposit Insurance Corporation (“FDIC”) regulations. Documentation exceptions are minimal or are in the process of being corrected and are not of a type that could subsequently expose the Company to risk of loss. Grade 3 - Acceptable Loans This category is for “average” quality loans. These loans have adequate sources of repayment with little identifiable risk of collection and they conform to Company policy and IDFI/FDIC regulations. Grade 4 - Acceptable but Monitored Loans in this category may have a greater than average risk due to financial weakness or uncertainty but do not appear to require classification as special mention or substandard loans. Loans rated “4” need to be monitored on a regular basis to ascertain that the reasons for placing them in this category do not advance or worsen. Grade 5 - Special Mention Loans in this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Company’s credit position at some future date. Special Mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. This special mention rating is designed to identify a specific level of risk and concern about an asset’s quality. Although a special mention loan has a higher probability of default than a pass rated loan, its default is not imminent. Grade 6 - Substandard Loans in this category are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard loans have a high probability of payment default, or they have other well-defined weaknesses. Such loans have a distinct potential for loss; however, an individual loan’s potential for loss does not have to be distinct for the loan to be rated substandard. The following are examples of situations that might cause a loan to be graded a “6”: · · · · Grade 7 - Doubtful A loan classified as doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. A doubtful loan has a high probability of total or substantial loss. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Because of high probability of loss, nonaccrual accounting treatment will be required for doubtful loans. Grade 8 - Loss Loans classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan even though partial recovery may be affected in the future.

Note 4_ Loans, Leases and All_3

Note 4: Loans, Leases and Allowance: Risk Characteristics of Commercial and Industrial Loans (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Risk Characteristics of Commercial and Industrial Loans	Commercial and industrial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.

Note 4_ Loans, Leases and All_4

Note 4: Loans, Leases and Allowance: Risk Characteristics of Commercial Mortgage including Construction Loans (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Risk Characteristics of Commercial Mortgage including Construction Loans	Loans in this segment include commercial loans, commercial construction loans, and multi-family loans. This segment also includes loans secured by 1-4 family residences which were made for investment purposes. Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The characteristics of properties securing the Company’s commercial real estate portfolio are diverse, but with geographic location almost entirely in the Company’s market area. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In general, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate versus nonowner-occupied loans. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews and financial analysis of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing.

Note 4_ Loans, Leases and All_5

Note 4: Loans, Leases and Allowance: Risk Characteristics of Residential, Brokered and Consumer Loans (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Risk Characteristics of Residential, Brokered and Consumer Loans	Residential, brokered and consumer loans consist of three segments - residential mortgage loans, brokered mortgage loans and personal loans. For residential mortgage loans that are secured by 1-4 family residences and are generally owner-occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Brokered mortgages are purchased residential mortgage loans meeting the Company's criteria established for originating residential mortgage loans. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some consumer personal loans are unsecured, such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Note 4_ Loans, Leases and All_6

Note 4: Loans, Leases and Allowance: Risk Characteristics of Leases (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Risk Characteristics of Leases	Lease financing consists of direct financing leases and are used by commercial customers to finance capital purchases of equipment. The credit decisions for these transactions are based upon an assessment of the overall financial capacity of the applicant. A determination is made as to the applicant’s financial condition and ability to repay in accordance with the proposed terms as well as an overall assessment of the risks involved.

Note 4_ Loans, Leases and All_7

Note 4: Loans, Leases and Allowance: Real Estate Owned and Foreclosed Real Estate Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Real Estate Owned and Foreclosed Real Estate Policy	At June 30, 2019 and December 31, 2018, the balance of real estate owned includes $84,000 and $176,000, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At June 30, 2019 and December 31, 2018, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceeds were in process was $291,000 and $342,000, respectively.

Note 5_ Fair Value of Financi_2

Note 5: Fair Value of Financial Instruments: Fair Value of Financial Instruments, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Fair Value of Financial Instruments, Policy	Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities

Note 3_ Investment Securities_5

Note 3: Investment Securities: Marketable Securities (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Marketable Securities	June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale Federal agencies $42,772 $1 $536 $42,237 State and municipal obligations 30,886 205 117 30,974 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 62,005 112 913 61,204 Equity securities 13 - - 13 135,676 318 1,566 134,428 Held to maturity State and municipal obligations 17,111 222 13 17,320 Corporate obligations 2,500 2,632 - 5,132 19,611 2,854 13 22,452 Total investment securities $155,287 $3,172 $1,579 $156,880 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale Federal agencies $40,812 $- $2,802 $38,010 State and municipal obligations 30,531 34 776 29,789 Mortgage-backed securities - government-sponsored enterprises GSE residential 56,945 11 2,286 54,670 Equity securities 13 - - 13 128,301 45 5,864 122,482 Held to maturity State and municipal obligations 18,580 70 107 18,543 Corporate obligations 2,500 2,610 - 5,110 21,080 2,680 107 23,653 Total investment securities $149,381 $2,725 $5,971 $146,135

Note 3_ Investment Securities_6

Note 3: Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Investments Classified by Contractual Maturity Date	Available for Sale Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value Within one year $167 $167 $2,717 $2,721 One to five years 13,937 13,912 8,071 8,132 Five to ten years 51,063 50,602 4,825 4,925 After ten years 8,491 8,530 3,998 6,674 73,658 73,211 19,611 22,452 Mortgage-backed securities - GSE residential 62,005 61,204 - - Equity securities 13 13 - - Totals $135,676 $134,428 $19,611 $22,452

Note 3_ Investment Securities_7

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Unrealized Gain (Loss) on Investments	June 30, 2019 Less Than 12 Months 12 Months or More Total Description of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses Available-for-sale Federal agencies - - 37,736 536 37,736 536 State and municipal obligations 1,290 4 13,864 113 15,154 117 Mortgage-backed securities - GSE residential 5,368 24 42,404 889 47,772 913 Total available-for-sale 6,658 28 94,004 1,538 100,662 1,566 Held-to-maturity State and municipal obligations - - 2,935 13 2,935 13 Total temporarily impaired securities $6,658 $28 $96,939 $1,551 $103,597 $1,579 December 31, 2018 Less Than 12 Months 12 Months or More Total Description of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses Available-for-sale Federal agencies $- $- $38,010 $2,802 $38,010 $2,802 State and municipal obligations 4,516 26 21,529 750 26,045 776 Mortgage-backed securities - GSE residential 5,872 30 45,676 2,256 51,548 2,286 Total available-for-sale 10,388 56 105,215 5,808 115,603 5,864 Held-to-maturity State and municipal obligations 3,271 11 7,862 96 11,133 107 Total temporarily impaired securities $13,659 $67 $113,077 $5,904 $126,736 $5,971

Note 4_ Loans, Leases and All_8

Note 4: Loans, Leases and Allowance: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	June 30, December 31, 2019 2018 Commercial mortgage $ 222,789 $ 211,237 Commercial and industrial 74,913 71,854 Construction and development 80,122 72,955 Multi-family 57,435 43,816 Residential mortgage 134,083 132,492 Home equity 7,781 7,214 Direct financing leases 107,340 107,735 Consumer 13,405 13,520 697,868 660,823 Less Allowance for loan and lease losses 6,281 5,600 Deferred loan fees 463 468 $ 691,124 $ 654,755

Note 4_ Loans, Leases and All_9

Note 4: Loans, Leases and Allowance: Financing Receivable, Allowance for Credit Loss (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Financing Receivable, Allowance for Credit Loss	Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended June 30, 2019: Balance, beginning of period $ 3,420 $ 1,790 $ 117 $ 392 $ 117 $ 5,836 Provision for losses 466 (26) 30 12 3 485 Charge-offs - - (34) (95) (15) (144) Recoveries 6 4 9 76 9 104 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Six Months Ended June 30, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision for losses 735 195 (7) 50 37 1,010 Charge-offs - (250) (36) (177) (49) (512) Recoveries 10 6 26 123 18 183 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended June 30, 2018: Balance, beginning of period $ 2,975 $ 1,634 $ 224 $ 319 $ 99 $ 5,251 Provision for losses 177 255 (96) 93 21 450 Charge-offs - (47) (10) (158) (20) (235) Recoveries 5 12 55 90 5 167 Balance, end of period $ 3,157 $ 1,854 $ 173 $ 344 $ 105 $ 5,633 Six Months Ended June 30, 2018: Balance, beginning of period $ 2,424 $ 1,663 $ 257 $ 337 $ 119 $ 4,800 Provision for losses 727 221 (119) 75 (4) 900 Charge-offs (7) (47) (49) (194) (30) (327) Recoveries 13 17 84 126 20 260 Balance, end of period $ 3,157 $ 1,854 $ 173 $ 344 $ 105 $ 5,633

Note 4_ Loans, Leases and Al_10

Note 4: Loans, Leases and Allowance: Financing Receivable, Current, Allowance for Credit Loss (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Financing Receivable, Current, Allowance for Credit Loss	June 30, 2019 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan losses: Individually evaluated for impairment $282 $140 $- $- $- $422 Collectively evaluated for impairment 3,610 1,628 122 385 114 5,859 Balance, June 30 $3,892 $1,768 $122 $385 $114 $6,281 Loans: Individually evaluated for impairment $693 $869 $371 $- $- $1,933 Collectively evaluated for impairment 383,175 69,206 118,687 107,340 17,527 695,935 Ending balance: June 30 $383,868 $70,075 $119,058 $107,340 $17,527 $697,868 December 31, 2018 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan losses: Individually evaluated for impairment $300 $394 $- $- $- $694 Collectively evaluated for impairment 2,847 1,423 139 389 108 4,906 Balance, December 31 $3,147 $1,817 $139 $389 $108 $5,600 Loans: Individually evaluated for impairment $743 $1,177 $389 $- $- $2,309 Collectively evaluated for impairment 358,593 58,203 117,258 107,735 16,725 658,514 Ending balance: December 31 $359,336 $59,380 $117,647 $107,735 $16,725 $660,823

Note 4_ Loans, Leases and Al_11

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Financing Receivable Credit Quality Indicators	June 30, 2019 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $215,044 $71,720 $80,122 $57,435 $131,292 $7,655 $107,223 $12,783 $683,274 5 Special Mention 6,177 - - - 201 63 - - 6,441 6 Substandard 1,568 3,193 - - 2,590 63 46 622 8,082 7 Doubtful - - - - - - 71 - 71 8 Loss - - - - - - - - - $222,789 $74,913 $80,122 $57,435 $134,083 $7,781 $107,340 $13,405 $697,868 December 31, 2018 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $210,158 $68,568 $72,955 $40,890 $128,665 $7,059 $107,382 $13,467 $649,144 5 Special Mention 492 35 - 2,926 264 65 - - 3,782 6 Substandard 587 3,251 - - 3,563 90 151 53 7,695 7 Doubtful - - - - - - 202 - 202 8 Loss - - - - - - - - - $211,237 $71,854 $72,955 $43,816 $132,492 $7,214 $107,735 $13,520 $660,823

Note 4_ Loans, Leases and Al_12

Note 4: Loans, Leases and Allowance: Schedule of Loans Classified by Aging Analysis (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Loans Classified by Aging Analysis	June 30, 2019 Delinquent Loans Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Portfolio > 90 Days Past Due Past Due Over Due Current Loans Accruing Commercial mortgage $714 $- $76 $790 $221,999 $222,789 $- Commercial and industrial - 40 808 848 74,065 74,913 - Construction and development 7,584 211 - 7,795 72,327 80,122 - Multi-family - - - - 57,435 57,435 - Residential mortgage 1,257 401 2,412 4,070 130,013 134,083 2,145 Home equity 35 - 15 50 7,731 7,781 15 Leases 128 40 - 168 107,172 107,340 - Consumer 24 52 1 77 13,328 13,405 1 Totals $9,742 $744 $3,312 $13,798 $684,070 $697,868 $2,161 December 31, 2018 Delinquent Loans Total Total Loans 30-59 Days 60-89 Days 90 Days and Total Past Portfolio > 90 Days Past Due Past Due Over Due Current Loans Accruing Commercial mortgage $- $412 $78 $490 $210,747 $211,237 $- Commercial and industrial 321 328 1,243 1,892 69,962 71,854 130 Construction and development - - - - 72,955 72,955 - Multi-family 1,684 - - 1,684 42,132 43,816 - Residential mortgage 1,147 807 2,193 4,147 128,345 132,492 1,913 Home equity 99 - 15 114 7,100 7,214 15 Leases 110 89 - 199 107,536 107,735 - Consumer 67 24 38 129 13,391 13,520 38 Totals $3,428 $1,660 $3,567 $8,655 $652,168 $660,823 $2,096

Note 4_ Loans, Leases and Al_13

Note 4: Loans, Leases and Allowance: Impaired Financing Receivables (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Impaired Financing Receivables	June 2019 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $365 $434 $- Commercial and industrial 672 2,446 - Residential mortgage 371 619 - $1,408 $3,499 $- Loans with a specific valuation allowance Commercial mortgage $328 $378 $282 Commercial and industrial 197 860 140 $525 $1,238 $422 Total impaired loans Commercial mortgage $693 $812 $282 Commercial and industrial 869 3,306 140 Residential mortgage 371 619 - Total impaired loans $1,933 $4,737 $422 December 31, 2018 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $397 $453 $- Commercial and industrial 485 829 - Residential mortgage 389 688 - $1,271 $1,970 $- Loans with a specific valuation allowance Commercial mortgage $346 $387 $300 Commercial and industrial 692 2,495 394 $1,038 $2,882 $694 Total impaired loans Commercial mortgage $743 $840 $300 Commercial and industrial 1,177 3,324 394 Residential mortgage 389 688 - Total impaired loans $2,309 $4,852 $694 The following tables present the Company’s average investment in impaired loans and interest income recognized for the three and six months ended June 30, 2019 and 2018. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2019: Total impaired loans Commercial mortgage $703 $7 Commercial and industrial 889 30 Residential mortgage 377 4 Total impaired loans $1,969 $41 Six Months Ended June 30, 2019: Total impaired loans Commercial mortgage $716 $22 Commercial and industrial 985 40 Residential mortgage 381 8 Total impaired loans $2,082 $70 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2018: Total impaired loans Commercial mortgage $171 $10 Commercial and industrial 2,579 14 Residential mortgage 339 5 Total impaired loans $3,089 $29 Six Months Ended June 30, 2018: Total impaired loans Commercial mortgage $175 $12 Commercial and industrial 2,589 28 Residential mortgage 332 8 Total impaired loans $3,096 $48

Note 4_ Loans, Leases and Al_14

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Financing Receivable, Nonaccrual	June 30, December 31, 2019 2018 Commercial mortgage $693 $743 Commercial and industrial 869 1,177 Residential mortgage 340 357 Leases 71 202 $1,973 $2,479

Note 4_ Loans, Leases and Al_15

Note 4: Loans, Leases and Allowance: Direct Financing Lease, Lease Income (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Direct Financing Lease, Lease Income	June 30, December 31, 2019 2018 Total minimum lease payments to be received $118,335 $118,752 Initial direct costs 5,436 5,459 123,771 124,211 Less: Unearned income (16,431) (16,476) Net investment in direct financing leases $107,340 $107,735

Note 4_ Loans, Leases and Al_16

Note 4: Loans, Leases and Allowance: Schedule of Future Minimum Lease Payments for Capital Leases (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Future Minimum Lease Payments for Capital Leases	2019 $23,835 2020 40,150 2021 28,628 2022 16,655 2023 7,481 Thereafter 1,586 $118,335

Note 5_ Fair Value of Financi_3

Note 5: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis	Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) June 30, 2019 Available-for-sale securities Federal agencies $42,237 $- $42,237 $- State and municipal obligations 30,974 - 30,974 - Mortgage-backed securities - GSE residential 61,204 - 61,204 - Equity securities 13 13 - - $134,428 $13 $134,415 $- Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) December 31, 2018 Available-for-sale securities Federal agencies $38,010 $- $38,010 $- State and municipal obligations 29,789 - 29,789 - Mortgage-backed securities - GSE residential 54,670 - 54,670 - Equity securities 13 13 - - $122,482 $13 $122,469 $-

Note 5_ Fair Value of Financi_4

Note 5: Fair Value of Financial Instruments: Fair Value Measurements, Nonrecurring (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Fair Value Measurements, Nonrecurring	Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) June 30, 2019 Impaired loans, collateral dependent $267 $- $- $267 December 31, 2018 Impaired loans, collateral dependent $344 $- $- $344 Mortgage-servicing rights 1,227 - - 1,042

Note 5_ Fair Value of Financi_5

Note 5: Fair Value of Financial Instruments: Fair Values of Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Fair Values of Financial Instruments	Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) June 30, 2019 Financial assets Cash and cash equivalents $202,420 $202,420 $- $- Available-for-sale securities 134,428 13 134,415 - Held-to-maturity securities 19,611 - 22,452 - Loans and leases receivable, net 691,124 - - 682,161 Federal Reserve and FHLB stock 7,510 - 7,510 - Interest receivable 2,933 - 2,933 - Financial liabilities Deposits 827,629 - 828,230 - FHLB advances 157,100 - 155,937 - Interest payable 753 - 753 - Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) December 31, 2018 Financial assets Cash and cash equivalents $14,971 $14,971 $- $- Available-for-sale securities 122,482 13 122,469 - Held-to-maturity securities 21,080 - 23,653 - Loans and leases receivable, net 654,755 - - 643,572 Federal Reserve and FHLB stock 6,561 - 6,561 - Interest receivable 2,686 - 2,686 - Financial liabilities Deposits 620,637 - 620,380 - FHLB advances 136,100 - 133,141 - Interest payable 551 - 551 -

Note 1_ Basis of Presentation_2

Note 1: Basis of Presentation: Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies (Details)	3 Months Ended
	Jun. 30, 2019
Details
Plan of Reorganization, Terms of Plan	On February 6, 2019, the Board of Directors of the MHC, the parent mutual holding company of the Company, adopted a Plan of Reorganization and Stock Offering (the “Plan”). The Plan was approved by the Board of Governors of the Federal Reserve System (the “FRB”) and by the Indiana Department of Financial Institutions (the “IDFI”), as well as the voting members of the MHC at a special meeting of members held on June 19, 2019. Pursuant to the Plan, upon completion of the transaction, the MHC would convert from a mutual holding company to the stock holding company corporate structure, the MHC and the Company would cease to exist, and First Bank Richmond would become a wholly owned subsidiary of a newly formed Maryland corporation also known as Richmond Mutual Bancorporation, Inc. (“Richmond Mutual Bancorporation-Maryland”). The transaction was completed on July 1, 2019. In connection with the related stock offering, which was also completed on July 1, 2019, Richmond Mutual Bancorporation-Maryland sold 13,026,625 shares of common stock at $10.00 per share, for gross offering proceeds of approximately $130.3 million in its subscription offering and contributed 500,000 shares and $1.25 million to a newly formed charitable foundation, First Bank Richmond, Inc. Community Foundation.

Note 3_ Investment Securities_8

Note 3: Investment Securities: Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Corporate Bond Securities
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	$ 2,500	$ 2,500
Held to Maturity Securities Gross Unrealized Gains	2,632	2,610
Held to Maturity Securities Gross Unrealized Losses	0	0
Debt Securities, Held-to-maturity, Fair Value	5,132	5,110
Securities Investment
Investment Securities Amortized Cost	155,287	149,381
Investment Securities Gross Unrealized Gains	3,172	2,725
Investment Securities Gross Unrealized Losses	1,579	5,971
Investment Securities Fair Value	156,880	146,135
Available-for-sale Securities
Available-for-sale Securities, Amortized Cost Basis	135,676	128,301
Available-for-sale Securities, Gross Unrealized Gain	318	45
Available-for-sale Securities, Gross Unrealized Loss	1,566	5,864
Available for Sale Securities, Fair Value	134,428	122,482
Held-to-maturity Securities
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	19,611	21,080
Held to Maturity Securities Gross Unrealized Gains	2,854	2,680
Held to Maturity Securities Gross Unrealized Losses	13	107
Debt Securities, Held-to-maturity, Fair Value	22,452	23,653
Equity Securities
Available-for-sale Securities, Amortized Cost Basis	13	13
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	0	0
Available for Sale Securities, Fair Value	13	13
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Amortized Cost Basis	62,005	56,945
Available-for-sale Securities, Gross Unrealized Gain	112	11
Available-for-sale Securities, Gross Unrealized Loss	913	2,286
Available for Sale Securities, Fair Value	61,204	54,670
US Government Corporations and Agencies Securities
Available-for-sale Securities, Amortized Cost Basis	42,772	40,812
Available-for-sale Securities, Gross Unrealized Gain	1	0
Available-for-sale Securities, Gross Unrealized Loss	536	2,802
Available for Sale Securities, Fair Value	42,237	38,010
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Amortized Cost Basis	30,886	30,531
Available-for-sale Securities, Gross Unrealized Gain	205	34
Available-for-sale Securities, Gross Unrealized Loss	117	776
Available for Sale Securities, Fair Value	30,974	29,789
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	17,111	18,580
Held to Maturity Securities Gross Unrealized Gains	222	70
Held to Maturity Securities Gross Unrealized Losses	13	107
Debt Securities, Held-to-maturity, Fair Value	$ 17,320	$ 18,543

Note 3_ Investment Securities_9

Note 3: Investment Securities: Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Jun. 30, 2019USD ($)
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	$ 167
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value	167
Held to Maturity Securities Debt Maturities Within One Year Amortized Cost	2,717
Held to Maturity Securities Debt Maturities Within One Year Amortized Cost	2,721
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	13,937
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	13,912
Held to Maturity Securities Debt Maturities Within After one to Five Years Amortized Cost	8,071
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	8,132
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	51,063
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	50,602
Held to Maturity Securities Debt Maturities Within After Five to Ten Years Amortized Cost	4,825
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	4,925
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	8,491
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	8,530
Held to Maturity Securities Debt Maturities Within After Ten Years Amortized Cost	3,998
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	6,674
Available for Sale Securities Contractual Maturity Amortized Cost	73,658
Available for Sale Securities Contractual Maturity Fair Value	73,211
Held to Maturity Securities Contractual Maturity Amortized Cost	19,611
Held to Maturity Securities Contractual Maturity Fair Value	22,452
Available-for-sale Securities
Available for Sale Securities Contractual Maturity Amortized Cost	135,676
Available for Sale Securities Contractual Maturity Fair Value	134,428
Held-to-maturity Securities
Held to Maturity Securities Contractual Maturity Amortized Cost	19,611
Held to Maturity Securities Contractual Maturity Fair Value	22,452
Equity Securities
Available for Sale Securities Contractual Maturity Amortized Cost	13
Available for Sale Securities Contractual Maturity Fair Value	13
Held to Maturity Securities Contractual Maturity Amortized Cost	0
Held to Maturity Securities Contractual Maturity Fair Value	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available for Sale Securities Contractual Maturity Amortized Cost	62,005
Available for Sale Securities Contractual Maturity Fair Value	61,204
Held to Maturity Securities Contractual Maturity Amortized Cost	0
Held to Maturity Securities Contractual Maturity Fair Value	$ 0

Note 3_ Investment Securitie_10

Note 3: Investment Securities: Marketable Securities, Policy (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Details
Securities Pledged as Security, Carrying Value	$ 98,370,000		$ 98,370,000		$ 86,267,000
Proceeds from sales of securities available for sale	10,989,153	$ 1,507,529	22,456,675	$ 1,507,529
Available-for-sale Securities, Gross Realized Gains	37,000	12,000	62,000	12,000
Available-for-sale Securities, Gross Realized Losses	0	$ 0	$ 0	$ 0
Investments Reported at Less Than Historical Cost, Fair Value	$ 103,597,000				$ 126,736,000
Investments Reported at Less Than Historical Cost as Percentage of Total Securities	66.00%				88.00%

Note 3_ Investment Securitie_11

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Temporarily Impaired Securities Less Than Twelve Months Fair Value	$ 6,658	$ 13,659
Temporarily Impaired Securities Less than 12 Months Unrealized Losses	28	67
Temporarily Impaired Securities Twelve Months or More Fair Value	96,939	113,077
Temporarily Impaired Securities 12 Months or More Unrealized Losses	1,551	5,904
Temporarily Impaired Securities Fair Value	103,597	126,736
Temporarily Impaired Securities Unrealized Losses	1,579	5,971
Available-for-sale Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	6,658	10,388
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	28	56
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	94,004	105,215
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1,538	5,808
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	100,662	115,603
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	1,566	5,864
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	5,368	5,872
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	24	30
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	42,404	45,676
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	889	2,256
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	47,772	51,548
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	913	2,286
US Government Corporations and Agencies Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	37,736	38,010
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	536	2,802
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	37,736	38,010
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	536	2,802
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	1,290	4,516
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	4	26
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	13,864	21,529
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	113	750
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	15,154	26,045
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	117	776
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	0	3,271
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	11
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	2,935	7,862
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	13	96
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	2,935	11,133
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	$ 13	$ 107

Note 4_ Loans, Leases and Al_17

Note 4: Loans, Leases and Allowance: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
SEC Schedule, 12-09, Allowance, Loan and Lease Loss
Loans Receivable	$ 6,281	$ 5,600
Home Equity Loan
Loans Receivable	7,781	7,214
Multifamily
Loans Receivable	57,435	43,816
Construction
Loans Receivable	80,122	72,955
Commercial Loan
Loans Receivable	74,913	71,854
Direct financing leases
Loans Receivable	107,340	107,735
Consumer Loan
Loans Receivable	13,405	13,520
Loans Receivable, Gross
Loans Receivable	697,868	660,823
Deferred Loan Fees
Loans Receivable	463	468
Loans Receivable, Net
Loans Receivable	691,124	654,755
Commercial Real Estate
Loans Receivable	222,789	211,237
Residential Real Estate
Loans Receivable	$ 134,083	$ 132,492

Note 4_ Loans, Leases and Al_18

Note 4: Loans, Leases and Allowance: Financing Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Commercial Loan
Provision for losses	$ (26)	$ 255	$ 195	$ 221
Charge-offs	0	(47)	(250)	(47)
Recoveries	4	12	6	17
Commercial Loan | Beginning of Period
Allowance for Credit Losses on Financing Receivables	1,790	1,634	1,817	1,663
Commercial Loan | End of Period
Allowance for Credit Losses on Financing Receivables	1,768	1,854	1,768	1,854
Direct financing leases
Provision for losses	12	93	50	75
Charge-offs	(95)	(158)	(177)	(194)
Recoveries	76	90	123	126
Direct financing leases | Beginning of Period
Allowance for Credit Losses on Financing Receivables	392	319	389	337
Direct financing leases | End of Period
Allowance for Credit Losses on Financing Receivables	385	344	385	344
Consumer Loan
Provision for losses	3	21	37	(4)
Charge-offs	(15)	(20)	(49)	(30)
Recoveries	9	5	18	20
Consumer Loan | Beginning of Period
Allowance for Credit Losses on Financing Receivables	117	99	108	119
Consumer Loan | End of Period
Allowance for Credit Losses on Financing Receivables	114	105	114	105
Loans Receivable, Gross
Provision for losses	485	450	1,010	900
Charge-offs	(144)	(235)	(512)	(327)
Recoveries	104	167	183	260
Loans Receivable, Gross | Beginning of Period
Allowance for Credit Losses on Financing Receivables	5,836	5,251	5,600	4,800
Loans Receivable, Gross | End of Period
Allowance for Credit Losses on Financing Receivables	6,281	5,633	6,281	5,633
Commercial Real Estate
Provision for losses	466	177	735	727
Charge-offs	0	0	0	(7)
Recoveries	6	5	10	13
Commercial Real Estate | Beginning of Period
Allowance for Credit Losses on Financing Receivables	3,420	2,975	3,147	2,424
Commercial Real Estate | End of Period
Allowance for Credit Losses on Financing Receivables	3,892	3,157	3,892	3,157
Residential Real Estate
Provision for losses	30	(96)	(7)	(119)
Charge-offs	(34)	(10)	(36)	(49)
Recoveries	9	55	26	84
Residential Real Estate | Beginning of Period
Allowance for Credit Losses on Financing Receivables	117	224	139	257
Residential Real Estate | End of Period
Allowance for Credit Losses on Financing Receivables	$ 122	$ 173	$ 122	$ 173

Note 4_ Loans, Leases and Al_19

Note 4: Loans, Leases and Allowance: Financing Receivable, Current, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Commercial Loan
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 140	$ 394
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,628	1,423
Individually evaluated for impairment	869	1,177
Collectively evaluated for impairment	69,206	58,203
Financing Receivable Individuall and Collectively Evaluated for Impairment	70,075	59,380
Commercial Loan | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	1,768	1,817
Direct financing leases
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	385	389
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	107,340	107,735
Financing Receivable Individuall and Collectively Evaluated for Impairment	107,340	107,735
Direct financing leases | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	385	389
Consumer Loan
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	114	108
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	17,527	16,725
Financing Receivable Individuall and Collectively Evaluated for Impairment	17,527	16,725
Consumer Loan | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	114	108
Loans Receivable, Gross
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	422	694
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	5,859	4,906
Individually evaluated for impairment	1,933	2,309
Collectively evaluated for impairment	695,935	658,514
Financing Receivable Individuall and Collectively Evaluated for Impairment	697,868	660,823
Loans Receivable, Gross | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	6,281	5,600
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	282	300
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,610	2,847
Individually evaluated for impairment	693	743
Collectively evaluated for impairment	383,175	358,593
Financing Receivable Individuall and Collectively Evaluated for Impairment	383,868	359,336
Commercial Real Estate | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	3,892	3,147
Residential Real Estate
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	122	139
Individually evaluated for impairment	371	389
Collectively evaluated for impairment	118,687	117,258
Financing Receivable Individuall and Collectively Evaluated for Impairment	119,058	117,647
Residential Real Estate | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	$ 122	$ 139

Note 4_ Loans, Leases and Al_20

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Home Equity Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	$ 7,655	$ 7,059
Home Equity Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	63	65
Home Equity Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	63	90
Home Equity Loan | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Home Equity Loan | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Home Equity Loan | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	7,781	7,214
Multifamily | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	57,435	40,890
Multifamily | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	0	2,926
Multifamily | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Multifamily | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Multifamily | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Multifamily | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	57,435	43,816
Construction | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	80,122	72,955
Construction | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Construction | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Construction | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Construction | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Construction | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	80,122	72,955
Commercial Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	71,720	68,568
Commercial Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	0	35
Commercial Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	3,193	3,251
Commercial Loan | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Commercial Loan | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Commercial Loan | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	74,913	71,854
Direct financing leases | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	107,223	107,382
Direct financing leases | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Direct financing leases | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	46	151
Direct financing leases | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	71	202
Direct financing leases | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Direct financing leases | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	107,340	107,735
Consumer Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	12,783	13,467
Consumer Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Consumer Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	622	53
Consumer Loan | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Consumer Loan | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Consumer Loan | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	13,405	13,520
Loans Receivable, Net | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	683,274	649,144
Loans Receivable, Net | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	6,441	3,782
Loans Receivable, Net | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	8,082	7,695
Loans Receivable, Net | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	71	202
Loans Receivable, Net | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Loans Receivable, Net | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	697,868	660,823
Commercial Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	215,044	210,158
Commercial Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	6,177	492
Commercial Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	1,568	587
Commercial Real Estate | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Commercial Real Estate | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Commercial Real Estate | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	222,789	211,237
Residential Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	131,292	128,665
Residential Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	201	264
Residential Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	2,590	3,563
Residential Real Estate | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Residential Real Estate | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Residential Real Estate | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	$ 134,083	$ 132,492

Note 4_ Loans, Leases and Al_21

Note 4: Loans, Leases and Allowance: Schedule of Loans Classified by Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financial Asset, 30 to 59 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	$ 35	$ 99
Financial Asset, 30 to 59 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	0	1,684
Financial Asset, 30 to 59 Days Past Due | Construction
Financing Receivables Past Due By Aging Analysis	7,584	0
Financial Asset, 30 to 59 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	0	321
Financial Asset, 30 to 59 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	128	110
Financial Asset, 30 to 59 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	24	67
Financial Asset, 30 to 59 Days Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	9,742	3,428
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	714	0
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	1,257	1,147
Financial Asset, 60 to 89 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, 60 to 89 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, 60 to 89 Days Past Due | Construction
Financing Receivables Past Due By Aging Analysis	211	0
Financial Asset, 60 to 89 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	40	328
Financial Asset, 60 to 89 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	40	89
Financial Asset, 60 to 89 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	52	24
Financial Asset, 60 to 89 Days Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	744	1,660
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	0	412
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	401	807
Financial Asset, Equal to or Greater than 90 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	15	15
Financial Asset, Equal to or Greater than 90 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Construction
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	808	1,243
Financial Asset, Equal to or Greater than 90 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	1	38
Financial Asset, Equal to or Greater than 90 Days Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	3,312	3,567
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	76	78
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	2,412	2,193
Financing Receivables Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	50	114
Financing Receivables Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	0	1,684
Financing Receivables Past Due | Construction
Financing Receivables Past Due By Aging Analysis	7,795	0
Financing Receivables Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	848	1,892
Financing Receivables Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	168	199
Financing Receivables Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	77	129
Financing Receivables Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	13,798	8,655
Financing Receivables Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	790	490
Financing Receivables Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	4,070	4,147
Financing Receivables Current | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	7,731	7,100
Financing Receivables Current | Multifamily
Financing Receivables Past Due By Aging Analysis	57,435	42,132
Financing Receivables Current | Construction
Financing Receivables Past Due By Aging Analysis	72,327	72,955
Financing Receivables Current | Commercial Loan
Financing Receivables Past Due By Aging Analysis	74,065	69,962
Financing Receivables Current | Direct financing leases
Financing Receivables Past Due By Aging Analysis	107,172	107,536
Financing Receivables Current | Consumer Loan
Financing Receivables Past Due By Aging Analysis	13,328	13,391
Financing Receivables Current | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	684,070	652,168
Financing Receivables Current | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	221,999	210,747
Financing Receivables Current | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	130,013	128,345
Total Portfolio Loan | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	7,781	7,214
Total Portfolio Loan | Multifamily
Financing Receivables Past Due By Aging Analysis	57,435	43,816
Total Portfolio Loan | Construction
Financing Receivables Past Due By Aging Analysis	80,122	72,955
Total Portfolio Loan | Commercial Loan
Financing Receivables Past Due By Aging Analysis	74,913	71,854
Total Portfolio Loan | Direct financing leases
Financing Receivables Past Due By Aging Analysis	107,340	107,735
Total Portfolio Loan | Consumer Loan
Financing Receivables Past Due By Aging Analysis	13,405	13,520
Total Portfolio Loan | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	697,868	660,823
Total Portfolio Loan | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	222,789	211,237
Total Portfolio Loan | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	134,083	132,492
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	15	15
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Multifamily
Financing Receivables Past Due By Aging Analysis	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Construction
Financing Receivables Past Due By Aging Analysis	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Loan
Financing Receivables Past Due By Aging Analysis	0	130
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Direct financing leases
Financing Receivables Past Due By Aging Analysis	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Consumer Loan
Financing Receivables Past Due By Aging Analysis	1	38
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	2,161	2,096
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	$ 2,145	$ 1,913

Note 4_ Loans, Leases and Al_22

Note 4: Loans, Leases and Allowance: Impaired Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Financing Receivables Without a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	$ 1,408		$ 1,408		$ 1,271
Impaired Financing Receivable, Unpaid Principal Balance	3,499		3,499		1,970
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	672		672		485
Impaired Financing Receivable, Unpaid Principal Balance	2,446		2,446		829
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	365		365		397
Impaired Financing Receivable, Unpaid Principal Balance	434		434		453
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	371		371		389
Impaired Financing Receivable, Unpaid Principal Balance	619		619		688
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables With a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	525		525		1,038
Impaired Financing Receivable, Unpaid Principal Balance	1,238		1,238		2,882
Impaired Financing Receivable, Related Allowance	422		422		694
Financing Receivables With a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	197		197		692
Impaired Financing Receivable, Unpaid Principal Balance	860		860		2,495
Impaired Financing Receivable, Related Allowance	140		140		394
Financing Receivables With a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	328		328		346
Impaired Financing Receivable, Unpaid Principal Balance	378		378		387
Impaired Financing Receivable, Related Allowance	282		282		300
Impaired Financing Receivables
Impaired Financing Receivable, Recorded Investment	1,933		1,933		2,309
Impaired Financing Receivable, Unpaid Principal Balance	4,737		4,737		4,852
Impaired Financing Receivable, Related Allowance	422		422		694
Impaired Financing Receivable, Average Recorded Investment	1,969	$ 3,089	2,082	$ 3,096
Impaired Financing Receivable Interest Income Recognized	41	29	70	48
Impaired Financing Receivables | Commercial Loan
Impaired Financing Receivable, Recorded Investment	869		869		1,177
Impaired Financing Receivable, Unpaid Principal Balance	3,306		3,306		3,324
Impaired Financing Receivable, Related Allowance	140		140		394
Impaired Financing Receivable, Average Recorded Investment	889	2,579	985	2,589
Impaired Financing Receivable Interest Income Recognized	30	14	40	28
Impaired Financing Receivables | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	693		693		743
Impaired Financing Receivable, Unpaid Principal Balance	812		812		840
Impaired Financing Receivable, Related Allowance	282		282		300
Impaired Financing Receivable, Average Recorded Investment	703	171	716	175
Impaired Financing Receivable Interest Income Recognized	7	10	22	12
Impaired Financing Receivables | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	371		371		389
Impaired Financing Receivable, Unpaid Principal Balance	619		619		688
Impaired Financing Receivable, Related Allowance	0		0		$ 0
Impaired Financing Receivable, Average Recorded Investment	377	339	381	332
Impaired Financing Receivable Interest Income Recognized	$ 4	$ 5	$ 8	$ 8

Note 4_ Loans, Leases and Al_23

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financing Receivables, Nonaccrual
Financing Receivable, Nonaccrual	$ 1,973	$ 2,479
Commercial Loan
Financing Receivable, Nonaccrual	869	1,177
Direct financing leases
Financing Receivable, Nonaccrual	71	202
Commercial Real Estate
Financing Receivable, Nonaccrual	693	743
Residential Real Estate
Financing Receivable, Nonaccrual	$ 340	$ 357

Note 4_ Loans, Leases and Al_24

Note 4: Loans, Leases and Allowance: Real Estate Owned and Foreclosed Real Estate Policy (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Details
Foreclosed Residential Real Estate With Physical Possession	$ 84,000	$ 176,000
Consumer Mortgage Loans Secured by Residential Real Estate Properties in Process of Foreclosure	$ 291,000	$ 342,000

Note 4_ Loans, Leases and Al_25

Note 4: Loans, Leases and Allowance: Direct Financing Lease, Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Details
Total minimum lease payments to be received	$ 118,335	$ 118,752
Initial direct costs	5,436	5,459
Direct Financing Lease, Revenue	123,771	124,211
Net investment in direct financing leases	$ 107,340	$ 107,735

Note 4_ Loans, Leases and Al_26

Note 4: Loans, Leases and Allowance: Leases Serviced for the Benefit of Others (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Details
Leases Serviced for the Benefit of Others	$ 1,500,000	$ 2,800,000
Recorded Recourse Obligation on Leases Sold With Recourse	0	0
Maximum Exposure of Recorded Recourse Obligation on Leases Sold With Recourse	$ 851,000	$ 875,000

Note 4_ Loans, Leases and Al_27

Note 4: Loans, Leases and Allowance: Schedule of Future Minimum Lease Payments for Capital Leases (Details)	Jun. 30, 2019USD ($)
Details
2019	$ 23,835
2020	40,150
2021	28,628
2022	16,655
2023	7,481
Thereafter	1,586
Capital Leases, Future Minimum Payments Receivable	$ 118,335

Note 5_ Fair Value of Financi_6

Note 5: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Equity Securities
Recurring Assets, Fair Value Disclosure	$ 13	$ 13
Assets Measured on Recurring Basis, Fair Value
Recurring Assets, Fair Value Disclosure	134,428	122,482
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	61,204	54,670
Available-for-sale Securities | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	42,237	38,010
Available-for-sale Securities | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	30,974	29,789
Fair Value, Inputs, Level 1 | Equity Securities
Recurring Assets, Fair Value Disclosure	13	13
Fair Value, Inputs, Level 1 | Assets Measured on Recurring Basis, Fair Value
Recurring Assets, Fair Value Disclosure	13	13
Fair Value, Inputs, Level 1 | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Available-for-sale Securities | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Available-for-sale Securities | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 | Equity Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 | Assets Measured on Recurring Basis, Fair Value
Recurring Assets, Fair Value Disclosure	134,415	122,469
Fair Value, Inputs, Level 2 | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	61,204	54,670
Fair Value, Inputs, Level 2 | Available-for-sale Securities | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	42,237	38,010
Fair Value, Inputs, Level 2 | Available-for-sale Securities | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	30,974	29,789
Fair Value, Inputs, Level 3 | Equity Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Assets Measured on Recurring Basis, Fair Value
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Available-for-sale Securities | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Available-for-sale Securities | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	$ 0	$ 0

Note 5_ Fair Value of Financi_7

Note 5: Fair Value of Financial Instruments: Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Mortgage Servicing Rights
Non-recurring Assets, Fair Value Disclosure		$ 1,227
Impaired Loans, Collateral Dependent
Non-recurring Assets, Fair Value Disclosure	$ 267	344
Fair Value, Inputs, Level 1 | Mortgage Servicing Rights
Non-recurring Assets, Fair Value Disclosure		0
Fair Value, Inputs, Level 1 | Impaired Loans, Collateral Dependent
Non-recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 | Mortgage Servicing Rights
Non-recurring Assets, Fair Value Disclosure		0
Fair Value, Inputs, Level 2 | Impaired Loans, Collateral Dependent
Non-recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Mortgage Servicing Rights
Non-recurring Assets, Fair Value Disclosure		1,042
Fair Value, Inputs, Level 3 | Impaired Loans, Collateral Dependent
Non-recurring Assets, Fair Value Disclosure	$ 267	$ 344

Note 5_ Fair Value of Financi_8

Note 5: Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Unobservable Inputs of Fair Value Assets Measured on a Nonrecurring Basis		Prepayment Speed
Mortgage Servicing Rights
Assets Measured at Fair Value on a Nonrecurring Basis (Level 3)		$ 1,227
Valuation Technique of Fair Value Assets Measured on a Nonrecurring Basis		Discounted cash flow
Unobservable Inputs of Fair Value Assets Measured on a Nonrecurring Basis		Discount rate
Fair Value Measurements Nonrecurring Range		10.00%
Impaired Loans, Collateral Dependent
Assets Measured at Fair Value on a Nonrecurring Basis (Level 3)	$ 267	$ 344
Valuation Technique of Fair Value Assets Measured on a Nonrecurring Basis	Appraisal	Appraisal
Unobservable Inputs of Fair Value Assets Measured on a Nonrecurring Basis	Marketability discount	Marketability discount
Minimum
Fair Value Measurements Nonrecurring Range		1.00%
Minimum | Impaired Loans, Collateral Dependent
Fair Value Measurements Nonrecurring Range	0.00%	0.00%
Maximum
Fair Value Measurements Nonrecurring Range		56.00%
Maximum | Impaired Loans, Collateral Dependent
Fair Value Measurements Nonrecurring Range	36.00%	70.00%

Note 5_ Fair Value of Financi_9

Note 5: Fair Value of Financial Instruments: Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 1 | Financial Assets
Cash and cash equivalents	$ 202,420	$ 14,971
Available for Sale Securities, Fair Value	13	13
Held-to-maturity securities	0	0
Loans and leases receivable, net	0	0
Federal Reserve and FHLB Stock, Carrying Value	0	0
Interest receivable	0	0
Fair Value, Inputs, Level 1 | Financial Liabilities
Deposits	0	0
FHLB advances	0	0
Interest payable	0	0
Fair Value, Inputs, Level 2 | Financial Assets
Cash and cash equivalents	0	0
Available for Sale Securities, Fair Value	134,415	122,469
Held-to-maturity securities	22,452	23,653
Loans and leases receivable, net	0	0
Federal Reserve and FHLB Stock, Carrying Value	7,510	6,561
Interest receivable	2,933	2,686
Fair Value, Inputs, Level 2 | Financial Liabilities
Deposits	828,230	620,380
FHLB advances	155,937	133,141
Interest payable	753	551
Fair Value, Inputs, Level 3 | Financial Assets
Cash and cash equivalents	0	0
Available for Sale Securities, Fair Value	0	0
Held-to-maturity securities	0	0
Loans and leases receivable, net	682,161	643,572
Federal Reserve and FHLB Stock, Carrying Value	0	0
Interest receivable	0	0
Fair Value, Inputs, Level 3 | Financial Liabilities
Deposits	0	0
FHLB advances	0	0
Interest payable	0	0
Carrying Value | Financial Assets
Cash and cash equivalents	202,420	14,971
Available for Sale Securities, Fair Value	134,428	122,482
Held-to-maturity securities	19,611	21,080
Loans and leases receivable, net	691,124	654,755
Federal Reserve and FHLB Stock, Carrying Value	7,510	6,561
Interest receivable	2,933	2,686
Carrying Value | Financial Liabilities
Deposits	827,629	620,637
FHLB advances	157,100	136,100
Interest payable	$ 753	$ 551