Richmond Mutual Bancorporation (RMBI) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Nov. 14, 2019	Sep. 30, 2019
Details
Registrant CIK		0001767837
Fiscal Year End		--12-31
Registrant Name		RICHMOND MUTUAL BANCORPORATION, INC.
SEC Form		10-Q
Period End date		Sep. 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		Q3
Document Quarterly Report		true
Document Transition Report		false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (September 30, 2019 Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 10,513,957	$ 10,112,422
Interest-bearing demand deposits	30,863,289	4,858,748
Cash and cash equivalents	41,377,246	14,971,170
Investment securities - available for sale	168,289,560	122,482,487
Investment securities - held to maturity	16,729,471	21,079,974
Loans and leases, net of allowance for losses of $6,896,000 and $5,600,000, respectively	694,744,985	654,755,066
Premises and equipment, net	14,014,239	14,025,476
Federal Home Loan Bank stock	7,600,400	6,560,600
Interest receivable	2,800,042	2,686,010
Mortgage-servicing rights	1,214,660	1,227,356
Cash surrender value of life insurance	3,809,526	3,718,219
Other assets	5,639,888	8,112,005
Total assets	956,220,017	849,618,363
Liabilities
Non-interest bearing deposits	54,810,363	58,044,369
Interest bearing deposits	552,997,714	562,592,451
Total deposits	607,808,077	620,636,820
Federal Home Loan Bank advances	141,000,000	136,100,000
Advances by borrowers for taxes and insurance	626,358	543,527
Interest payable	554,278	550,749
Other liabilities	5,877,399	5,934,235
Total liabilities	755,866,112	763,765,331
Stockholders' Equity
Common stock, $.01 par value Authorized - 90,000,000 shares and 500 shares, respectively Issued and outstanding - 13,526,625 shares and 100 shares, respectively	135,266	1
Additional paid-in capital	132,590,923	12,750,999
Retained earnings	82,652,959	77,480,318
Unearned employee stock ownership plan (ESOP)	(14,584,215)
Accumulated other comprehensive loss	(441,028)	(4,378,286)
Total stockholders' equity	200,353,905	85,853,032
Total liabilities and stockholders' equity	$ 956,220,017	$ 849,618,363

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (September 30, 2019 Unaudited) - Parenthetical - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Allowance for Loan and Lease Losses Write-offs, Net	$ 6,896,000	$ 5,600,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	90,000,000	500
Common Stock, Shares, Issued	13,526,625	100
Common Stock, Shares, Outstanding	13,526,625	100

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operation (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest Income
Loans and leases		$ 9,318,054	$ 8,067,685	$ 27,247,406	$ 23,047,744
Investment securities		862,331	876,642	2,760,808	2,572,381
Other		626,705	27,120	954,274	109,412
Total interest income		10,807,090	8,971,447	30,962,488	25,729,537
Interest Expense
Deposits		2,033,000	1,474,865	6,027,160	3,984,264
Borrowings		864,957	556,553	2,423,784	1,443,803
Total interest expense		2,897,957	2,031,418	8,450,944	5,428,067
Net Interest Income		7,909,133	6,940,029	22,511,544	20,301,470
Provision for losses on loans and leases		705,000	450,000	1,715,000	1,350,000
Net Interest Income After Provision for Losses on Loans and Leases		7,204,133	6,490,029	20,796,544	18,951,470
Other Income
Service charges on deposit accounts		295,703	284,501	779,147	810,475
Card fee income		189,583	168,769	542,072	504,811
Loan and lease servicing fees		68,079	81,203	280,282	225,369
Net gains on securities (includes $21,827 and $0, $83,059 and $11,952, related to accumulated other comprehensive loss reclassifications)		21,827	0	83,059	11,952
Net gains on loan and lease sales		231,534	154,686	442,332	355,102
Other loan fees		211,249	103,302	454,283	333,597
Other income		129,121	213,806	370,281	505,420
Total other income		1,147,096	1,006,267	2,951,456	2,746,726
Other Expenses
Salaries and employee benefits		3,840,806	3,417,559	12,632,760	10,269,584
Net occupancy expenses		275,535	256,422	825,480	812,066
Equipment expenses		250,173	224,790	725,818	681,412
Data processing fees		442,082	344,741	1,280,248	1,089,534
Deposit insurance expense		23,983	172,000	316,983	434,000
Printing and office supplies		45,099	28,265	114,119	106,744
Legal and professional fees		310,561	146,800	816,315	428,617
Advertising expense		197,799	122,807	494,475	358,375
Bank service charges		29,383	28,569	93,652	80,504
Real estate owned expense		7,481	10,297	44,874	29,015
Loss on Sale of Real Estate Owned		5,287	3,650	11,780	3,650
Donation to Establish First Bank Richmond Charitable Foundation		6,250,000	0	6,250,000	0
Loan tax and insurance expense		81,061	5,980	130,788	103,010
Other expenses		740,514	719,627	2,171,469	2,072,981
Total other expenses		12,499,764	5,481,507	25,908,761	16,469,492
Income Before Income Tax Expense (Benefit)		(4,148,535)	2,014,789	(2,160,761)	5,228,704
Provision (benefit) for income taxes (includes $5,661 and $0, $21,543 and $3,124, related to income tax expense from reclassification of items)		(898,200)	394,700	(617,800)	1,021,300
Net Income (Loss)		$ (3,250,335)	$ 1,620,089	$ (1,542,961)	$ 4,207,404
Earnings (Loss) Per Share
Basic (for period July 2, 2019 to September 30, 2019)		$ (0.26)		$ (0.26)
Diluted (for period July 2, 2019 to September 30, 2019)	[1]	$ (0.26)		$ (0.26)
[1]	For period July 2, 2019 to September 30, 2019.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operation (Unaudited) - Parenthetical - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Accumulated other comprehensive loss reclassifications	$ 21,827	$ 0	$ 83,059	$ 11,952
Provision for income tax expense from reclassification of items	$ 5,661	$ 0	$ 21,543	$ 3,124

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Net Income (Loss)	$ (3,250,335)	$ 1,620,089	$ (1,542,961)	$ 4,207,404
Other Comprehensive Income (Loss)
Unrealized gain (loss) on available-for-sale securities, net of tax expense (benefit) of $175,173 and ($187,520), $1,400,357 and ($1,039,305).	500,236	(529,985)	3,998,774	(2,937,374)
Less: reclassification adjustment for realized gains included in net income, net of tax expense of $5,661 and $0, $21,544 and $3,124.	16,166	0	61,516	8,828
Other Comprehensive Income, Other, Net of Tax	484,070	(529,985)	3,937,258	(2,946,202)
Comprehensive Income (Loss)	$ (2,766,265)	$ 1,090,104	$ 2,394,297	$ 1,261,202

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - Parenthetical - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Available for sale securities income tax expense (benefit)	$ 175,173	$ (187,520)	$ 1,400,357	$ (1,039,305)
Reclassification Adjustment Income Tax Expense (Benefit)	$ 5,661	$ 0	$ 21,544	$ 3,124

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Unearned ESOP Shares	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	$ 0	$ (2,725,854)	$ 81,797,823
Shares, Outstanding, Beginning Balance at Dec. 31, 2017	80	100
Net Income (Loss)	$ 0	$ 0	0	4,207,404	0	0	4,207,404
Other comprehensive income (loss)	0	0	0	0	0	(2,946,202)	(2,946,202)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2018	$ 1	$ 1	12,757,998	75,473,081	0	(5,672,056)	82,559,025
Shares, Outstanding, Ending Balance at Sep. 30, 2018	80	100
Other comprehensive income (loss)	$ 0	$ 0	0	0	0	(2,946,202)	(2,946,202)
Dividends	0	0	0	(500,000)	0	0	(500,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2018	$ 1	$ 1	12,757,998	73,852,992	0	(5,142,071)	81,468,921
Shares, Outstanding, Beginning Balance at Jun. 30, 2018	80	100
Net Income (Loss)	$ 0	$ 0	0	1,620,089	0	0	1,620,089
Other comprehensive income (loss)	0	0	0	0	0	(529,985)	(529,985)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2018	$ 1	$ 1	12,757,998	75,473,081	0	(5,672,056)	82,559,025
Shares, Outstanding, Ending Balance at Sep. 30, 2018	80	100
Other comprehensive income (loss)	$ 0	$ 0	0	0	0	(529,985)	(529,985)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2018	0	$ 1	12,750,999	77,480,318	0	(4,378,286)	85,853,032
Shares, Outstanding, Beginning Balance at Dec. 31, 2018		100
Net Income (Loss)	0	$ 0	0	(1,542,961)	0	0	(1,542,961)
Other comprehensive income (loss)	0	0	0	0	0	3,937,258	3,937,258
ESOP shares earned	0	0	(751)	0	122,100	0	121,349
Issuance of Common Stock, Net of Offering Costs	0	$ 130,266	127,596,674	0	(14,706,315)	0	113,020,625
Shares of Common Stock Issued Offering		13,026,625
Stock Contributed to Charitble Foundation	0	$ 5,000	4,995,000	0	0	0	5,000,000
Shares of Contributed to Foundation		500,000
Reorganization of Richmond Mutual Bancorporation	0	$ (1)	(12,750,999)	6,715,602	0	0	(6,035,398)
Shares of Reorganization of Richmond Mutual Bancorporation		(100)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2019	0	$ 135,266	132,590,923	82,652,959	(14,584,215)	(441,028)	200,353,905
Shares, Outstanding, Ending Balance at Sep. 30, 2019		13,526,625
Other comprehensive income (loss)	0	$ 0	0	0	0	3,937,258	3,937,258
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2019	0	$ 1	12,750,999	79,187,692	0	(925,098)	91,013,594
Shares, Outstanding, Beginning Balance at Jun. 30, 2019		100
Net Income (Loss)	0	$ 0	0	(3,250,335)	0	0	(3,250,335)
Other comprehensive income (loss)	0	0	0	0	0	484,070	484,070
ESOP shares earned	0	0	(751)	0	122,100	0	121,349
Issuance of Common Stock, Net of Offering Costs	0	$ 130,266	127,596,674	0	(14,706,315)	0	113,020,625
Shares of Common Stock Issued Offering		13,026,625
Stock Contributed to Charitble Foundation	0	$ 5,000	4,995,000	0	0	0	5,000,000
Shares of Contributed to Foundation		500,000
Reorganization of Richmond Mutual Bancorporation	0	$ (1)	(12,750,999)	6,715,602	0	0	(6,035,398)
Shares of Reorganization of Richmond Mutual Bancorporation		(100)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2019	0	$ 135,266	132,590,923	82,652,959	(14,584,215)	(441,028)	200,353,905
Shares, Outstanding, Ending Balance at Sep. 30, 2019		13,526,625
Other comprehensive income (loss)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 484,070	$ 484,070

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net income (loss)	$ (1,542,961)	$ 4,207,404
Items not requiring (providing) cash
Provision for loan losses	1,715,000	1,350,000
Depreciation and amortization	681,666	673,750
Deferred income tax	(792,858)	(894,493)
Investment securities (accretion) amortization, net	678,412	679,567
Investment securities gains	(83,059)	(11,952)
Gain on sale of loans and leases held for sale	(442,332)	(355,102)
Loss on sale of real estate owned	11,780	3,650
Accretion of loan origination fees	(141,547)	(141,348)
Amortization of mortgage-servicing rights	144,522	181,201
Common Stock Contributed to Foundation	5,000,000	0
ESOP shares expense	121,349	0
Increase in cash surrender value of life insurance	(91,306)	(90,224)
Loans originated for sale	(17,573,565)	(16,630,173)
Proceeds on loans sold	18,314,415	16,513,423
Net change in
Interest receivable	(114,032)	(266,667)
Other assets	(173,475)	2,412,544
Other liabilities	1,203,832	(1,219,402)
Interest payable	3,529	267,610
Net cash provided by operating activities	6,919,370	6,679,788
Investing Activities
Net change in interest-bearing time deposits	0	200,000
Purchases of securities available for sale	(109,895,626)	(15,784,501)
Proceeds from maturities and paydowns of securities available for sale	11,047,791	7,826,755
Proceeds from sales of securities available for sale	57,703,608	1,507,529
Proceeds from maturities and paydowns of securities held to maturity	4,314,977	2,874,972
Net change in loans	(42,036,916)	(67,271,809)
Purchases of premises and equipment	(670,429)	(1,015,326)
Purchase of FHLB stock	(1,039,800)	0
Net cash used in investing activities	(80,480,751)	(71,631,830)
Net change in
Demand and savings deposits	8,739,009	(2,018,056)
Certificates of deposit	(21,567,752)	34,428,965
Advances by borrowers for taxes and insurance	82,831	42,313
Proceeds from FHLB advances	71,000,000	255,400,000
Repayment of FHLB advances	(66,100,000)	(228,900,000)
Repayment of other borrowings	(5,207,256)	0
Proceeds from stock conversion	113,020,625	0
Dividends paid	0	(500,000)
Net cash provided by financing activities	99,967,457	58,453,222
Net Change in Cash and Cash Equivalents	26,406,076	(6,498,820)
Cash and Cash Equivalents, Beginning of Period	14,971,170	16,169,754
Cash and Cash Equivalents, End of Period	41,377,246	9,670,934
Additional Cash Flows and Supplementary Information
Interest paid	8,447,415	5,160,457
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
	Sep. 30, 2019
Notes
Note 1: Basis of Presentation	Note 1: Basis of Presentation In 1998, First Bank Richmond's mutual predecessor reorganized into the mutual holding company form of organization by forming First Mutual of Richmond, Inc. ("First Mutual of Richmond-MHC"), a mutual holding company that had no stockholders and was controlled by its members. First Mutual of Richmond-MHC owned 100% of the outstanding shares of common stock of Richmond Mutual Bancorporation-Delaware (“RMB-Delaware”). RMB-Delaware owned 100% of the outstanding shares of common stock of First Bank Richmond. On July 1, 2019, pursuant to the terms of our plan of reorganization and stock offering, First Mutual of Richmond-MHC converted from a mutual holding company to the stock holding company corporate structure. Upon the completion of the transaction, First Mutual of Richmond-MHC and RMB-Delaware ceased to exist, and First Bank Richmond became a wholly-owned subsidiary of Richmond Mutual Bancorporation, Inc., a newly formed Maryland corporation (the "Company"). The reorganization of First Mutual of Richmond-MHC to a stock holding company and dissolution of First Mutual of Richmond-MHC was treated as a transfer as assets and liabilities under common control and accounted for prospectively on July 1, 2019, the date of reorganization and stock offering, resulting in the acquisition of First Bank Richmond by the Company and the dissolution of RMB-Delaware. The net assets and liabilities transferred of $6,035,398 resulted in a deemed distribution as part of the reorganization which is included in the condensed consolidated statement of changes in stockholders' equity for the three and nine months ended September 30, 2019. Simultaneously with the reorganization and stock offering, the common stock and additional paid in capital of RMB-Delaware totaling $12,751,000 was reclassified to retained earnings. The dissolution of First Mutual of Richmond-MHC included a repayment of trust preferred securities of $5,207,000 using the net proceeds from the stock offering which is included in the financing activities of the condensed consolidated statement of cash flows for the nine months ended September 30, 2019. All of the outstanding common stock of First Bank Richmond is owned by Richmond Mutual Bancorporation-Maryland, and all of the outstanding common stock of Richmond Mutual Bancorporation-Maryland is owned by public shareholders. The costs of corporate reorganization and the issuance of common stock have been deducted from the sales proceeds of the offering. In conjunction with the corporate reorganization, the Company contributed 500,000 shares and $1.25 million of cash to a newly formed charitable foundation, First Bank Richmond, Inc. Community Foundation (the "Foundation"). 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 RMB-Delaware’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 at September 30, 2019 and for the three and nine months ended September 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 RMB-Delaware as of December 31, 2018 has been derived from the audited Consolidated Balance Sheet of RMB-Delaware as of that date. In certain circumstances, where appropriate, the terms “we”, “us” and “our” refer collectively to (i) RMB-Delaware and First Bank Richmond with respect to discussions in this document involving matters occurring prior to completion of the corporate reorganization and (ii) the Company and First Bank Richmond with respect to discussions in this document involving matters to occur post-corporate reorganization, in each case unless the context indicates another meaning.

Note 2_ Accounting Pronouncemen

Note 2: Accounting Pronouncements	3 Months Ended
	Sep. 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) “Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief” “Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” 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
	Sep. 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: September 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale U.S. treasury securities $ 5,000 $ 3 $ 8 $ 4,995 SBA Pools 11,975 - 79 11,896 Federal agencies 26,193 - 64 26,129 State and municipal obligations 33,654 339 102 33,891 Mortgage-backed securities - government- sponsored enterprises (GSE) residential 92,050 141 825 91,366 Equity securities 13 - - 13 168,885 483 1,078 168,290 Held to maturity State and municipal obligations 16,729 236 8 16,957 16,729 236 8 16,957 Total investment securities $ 185,614 $ 719 $ 1,086 $ 185,247 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 September 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 $ 308 $ 309 $ 3,214 $ 3,218 One to five years 17,785 17,807 8,587 8,678 Five to ten years 35,995 35,953 3,589 3,676 After ten years 22,734 22,842 1,339 1,385 76,822 76,911 16,729 16,957 Mortgage-backed securities - GSE residential 92,050 91,366 - - Equity securities 13 13 - - Totals $ 168,885 $ 168,290 $ 16,729 $ 16,957 Securities with a carrying value of $69,475,000 and $86,267,000 were pledged at September 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 nine months ended September 30, 2019 were $35,246,933 and $57,703,608, respectively. For the three and nine months ended September 30, 2018, proceeds from sales of securities available for sale were $0 and $1,507,529, respectively. Gross gains were recognized on the sale of securities available for sale for the three and nine months ended September 30, 2019 of $104,000 and $170,000, respectively. Gross gains were recognized on the sale of securities available for sale for the three and nine months ended September 30, 2018 of $0 and $12,000, respectively. Gross losses were recognized on the sale of securities available for sale for the three and nine months ended September 30, 2019 of $82,000 and $87,000, respectively. There were no gross losses realized from sales of securities available for sale for the three and nine months ended September 30, 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 September 30, 2019 and December 31, 2018 was $109,059,000 and $126,736,000, which is approximately 58% and 88%, respectively, of the Company’s available-for-sale and held-to-maturity investment portfolio. These declines primarily resulted from changes in market interest rates since their purchase. 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 September 30, 2019 and December 31, 2018: September 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 U.S. treasury securities $ 3,002 $ 8 $ - $ - $ 3,002 $ 8 SBA Pools 11,820 79 - - 11,820 79 Federal agencies 5,948 45 2,980 19 8,928 64 State and municipal obligations 3,264 22 8,642 80 11,906 102 Mortgage-backed securities - GSE residential 31,644 173 39,517 652 71,161 825 Total available-for-sale 55,678 327 51,139 751 106,817 1,078 Held-to-maturity State and municipal obligations 664 7 1,578 1 2,242 8 Total temporarily impaired securities $ 56,342 $ 334 $ 52,717 $ 752 $ 109,059 $ 1,086 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. SBA Pools and Mortgage-Backed Securities - GSE Residential. State and Municipal Obligations.

Note 4_ Loans, Leases and Allow

Note 4: Loans, Leases and Allowance	3 Months Ended
	Sep. 30, 2019
Notes
Note 4: Loans, Leases and Allowance	Note 4: Loans, Leases and Allowance Categories of loans at September 30, 2019 and December 31, 2018 include: September 30, December 31, 2019 2018 Commercial mortgage $ 233,643 $ 211,237 Commercial and industrial 81,109 71,854 Construction and development 55,362 72,955 Multi-family 70,613 43,816 Residential mortgage 132,628 132,492 Home equity 7,385 7,214 Direct financing leases 107,349 107,735 Consumer 14,009 13,520 702,098 660,823 Less Allowance for loan and lease losses 6,896 5,600 Deferred loan fees 457 468 $ 694,745 $ 654,755 The following tables present the activity in the allowance for loan losses for three and nine months ended September 30, 2019 and 2018. Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended September 30, 2019: Balance, beginning of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Provision (credit) for losses 586 11 (34) 71 71 705 Charge-offs (14) - (6) (107) (51) (178) Recoveries 4 2 22 54 6 88 Balance, end of period $ 4,468 $ 1,781 $ 104 $ 403 $ 140 $ 6,896 Nine Months Ended September 30, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision (credit) for losses 1,321 206 (41) 121 108 1,715 Charge-offs (14) (250) (42) (284) (100) (690) Recoveries 14 8 48 177 24 271 Balance, end of period $ 4,468 $ 1,781 $ 104 $ 403 $ 140 $ 6,896 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended September 30, 2018: Balance, beginning of period $ 3,157 $ 1,854 $ 173 $ 344 $ 105 $ 5,633 Provision (credit) for losses (231) 594 (27) 106 8 450 Charge-offs - (400) (40) (122) (9) (571) Recoveries 22 5 43 41 5 116 Balance, end of period $ 2,948 $ 2,053 $ 149 $ 369 $ 109 $ 5,628 Nine Months Ended September 30, 2018: Balance, beginning of period $ 2,424 $ 1,663 $ 257 $ 337 $ 119 $ 4,800 Provision (credit) for losses 496 815 (146) 181 4 1,350 Charge-offs (7) (447) (89) (316) (39) (898) Recoveries 35 22 127 167 25 376 Balance, end of period $ 2,948 $ 2,053 $ 149 $ 369 $ 109 $ 5,628 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 September 30, 2019 and December 31, 2018: September 30, 2019 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan losses: Individually evaluated for impairment $ 300 $ 142 $ - $ - $ - $ 442 Collectively evaluated for impairment 4,168 1,639 104 403 140 6,454 Balance, September 30 $ 4,468 $ 1,781 $ 104 $ 403 $ 140 $ 6,896 Loans: Individually evaluated for impairment $ 675 $ 847 $ 356 $ - $ - $ 1,878 Collectively evaluated for impairment 383,946 74,028 116,347 107,349 18,550 700,220 Ending balance:September 30 $ 384,621 $ 74,875 $ 116,703 $ 107,349 $ 18,550 $ 702,098 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 The Company 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 Indiana Department of Financial Institutions (“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 September 30, 2019 and December 31, 2018: September 30, 2019 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 224,089 $ 71,696 $ 55,362 $ 70,613 $ 129,555 $ 7,259 $ 107,182 $ 13,991 $ 679,747 5 Special Mention 8,008 6,269 - - 195 64 - - 14,536 6 Substandard 1,546 3,144 - - 2,878 62 65 18 7,713 7 Doubtful - - - - - - 102 - 102 8 Loss - - - - - - - - - $ 233,643 $ 81,109 $ 55,362 $ 70,613 $ 132,628 $ 7,385 $ 107,349 $ 14,009 $ 702,098 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 September 30, 2019 and December 31, 2018: September 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 $ 155 $ 321 $ 184 $ 660 $ 232,983 $ 233,643 $ - Commercial and industrial 557 - 787 1,344 79,765 81,109 - Construction and development - 232 - 232 55,130 55,362 - Multi-family - - - - 70,613 70,613 - Residential mortgage 617 622 2,388 3,627 129,001 132,628 2,151 Home equity 67 - 15 82 7,303 7,385 15 Leases 10 54 8 72 107,277 107,349 - Consumer 66 22 18 106 13,903 14,009 18 Totals $ 1,472 $ 1,251 $ 3,400 $ 6,123 $ 695,975 $ 702,098 $ 2,184 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 September 30, 2019 and December 31, 2018: September 30, 2019 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 353 $ 426 $ - Commercial and industrial 654 2,437 - Residential mortgage 356 617 - $ 1,363 $ 3,480 $ - Loans with a specific valuation allowance Commercial mortgage $ 322 $ 377 $ 300 Commercial and industrial 193 859 142 $ 515 $ 1,236 $ 442 Total impaired loans Commercial mortgage $ 675 $ 803 $ 300 Commercial and industrial 847 3,296 142 Residential mortgage 356 617 - Total impaired loans $ 1,878 $ 4,716 $ 442 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 nine months ended September 30, 2019 and 2018. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended September 30, 2019: Total impaired loans Commercial mortgage $ 684 $ 10 Commercial and industrial 858 11 Residential mortgage 363 6 Total impaired loans $ 1,905 $ 27 Nine Months Ended September 30, 2019: Total impaired loans Commercial mortgage $ 706 $ 32 Commercial and industrial 950 51 Residential mortgage 375 14 Total impaired loans $ 2,031 $ 97 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended September 30, 2018: Total impaired loans Commercial mortgage $ 397 $ 13 Commercial and industrial 2,345 26 Residential mortgage 324 2 Total impaired loans $ 3,066 $ 41 Nine Months Ended September 30, 2018: Total impaired loans Commercial mortgage $ 395 $ 25 Commercial and industrial 2,472 54 Residential mortgage 329 10 Total impaired loans $ 3,196 $ 89 The following table presents the Company’s nonaccrual loans at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Commercial mortgage $ 674 $ 743 Commercial and industrial 848 1,177 Residential mortgage 324 357 Leases 102 202 $ 1,948 $ 2,479 During the nine months ended September 30, 2019 and 2018, there were no newly classified troubled debt restructured loans. At September 30, 2019 and December 31, 2018, the balance of real estate owned includes $109,000 and $176,000, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At September 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 $251,000 and $342,000, respectively. The following lists the components of the net investment in direct financing leases: September 30, December 31, 2019 2018 Total minimum lease payments to be received $ 118,269 $ 118,752 Initial direct costs 5,314 5,459 123,583 124,211 Less: Unearned income (16,234) (16,476) Net investment in direct financing leases $ 107,349 $ 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 September 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 September 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 September 30, 2019: 2019 $ 12,577 2020 42,946 2021 31,556 2022 19,196 2023 9,361 Thereafter 2,633 $ 118,269

Note 5_ Fair Value of Financial

Note 5: Fair Value of Financial Instruments	3 Months Ended
	Sep. 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 September 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) September 30, 2019 Available-for-sale securities U.S. Treasury securities $ 4,995 $ - $ 4,995 $ - SBA Pools 11,896 - 11,896 - Federal agencies 26,129 - 26,129 - State and municipal obligations 33,891 - 33,891 - Mortgage-backed securities -GSE residential 91,366 - 91,366 - Equity securities 13 13 - - $ 168,290 $ 13 $ 168,277 $ - 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 nine months ended September 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 September 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) September 30, 2019 Impaired loans, collateral dependent $ 257 $ - $ - $ 257 December 31, 2018 Impaired loans, collateral dependent $ 344 $ - $ - $ 344 Mortgage-servicing rights 1,227 - - 1,227 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 September 30, 2019 and December 31, 2018: Fair Value at September 30, Valuation Unobservable 2019 Technique Inputs Range Collateral-dependent $257 Appraisal Marketability 0% - 14% impaired loans discount Fair Value at December 31, Valuation Unobservable 2018 Technique Inputs Range Collateral-dependent $344 Appraisal Marketability 0% - 70% impaired loans discount Mortgage-servicing rights $1,227 Discounted Discount rate 10% cash flow Prepayment Speed 1% - 56% Fair Value of Financial Instruments The following tables present estimated fair values of the Company’s financial instruments at September 30, 2019 and December 31, 2018. Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) September 30, 2019 Financial assets Cash and cash equivalents $ 41,377 $ 41,377 $ - $ - Available-for-sale securities 168,290 13 168,277 - Held-to-maturity securities 16,729 - 16,957 - Loans and leases receivable, net 694,745 - - 689,087 Federal Reserve and FHLB stock 7,600 - 7,600 - Interest receivable 2,800 - 2,800 - Financial liabilities Deposits 607,808 - 609,754 - FHLB advances 141,000 - 140,495 - Interest payable 554 - 554 - Fair Value Measurements Using 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 6_ Earnings per Share

Note 6: Earnings per Share	3 Months Ended
	Sep. 30, 2019
Notes
Note 6: Earnings per Share	Note 6: Earnings per Share Basic EPS is computed by dividing net income allocated to common stock by the weighted average number of common shares outstanding during the period which excludes the participating securities. Diluted EPS includes the dilutive effect of additional potential common shares from stock compensation awards, but excludes awards considered participating securities. ESOP shares are not considered outstanding for EPS until they are earned. The following table presents the computation of basic and diluted EPS for the periods indicated (in thousands, except for share and per share data): For the Period July 2, 2019 to September 30, 2019 Net income (loss) $ (3,250,335) Shares outstanding for Basic EPS: Average shares outstanding 13,526,625 Less: average unearned ESOP Shares 1,052,804 Shares outstanding for Basic EPS 12,473,821 Additional Dilutive Shares - Shares outstanding for Diluted EPS 12,473,821 Basic Earnings (Loss) Per Share $ (0.26) Diluted Earnings (Loss) Per Share $ (0.26)

Note 7_ Employee Stock Ownershi

Note 7: Employee Stock Ownership Plan	3 Months Ended
	Sep. 30, 2019
Notes
Note 7: Employee Stock Ownership Plan	Note 7: Employee Stock Ownership Plan As part of the reorganization and related stock offering, the Company established an Employee Stock Ownership Plan (ESOP) covering substantially all employees. The ESOP acquired 1,082,130 shares of Company common stock at an average of $13.59 per share on the open market with funds provided by a loan from the Company. Accordingly, $14,706,000 of common stock acquired by the ESOP was shown as a reduction of stockholders’ equity. Shares are released to participants proportionately as the loan is repaid. ESOP expense for the three months ended September 30, 2019 was $121,000. September 30, 2019 Earned ESOP shares 9,018 Unearned ESOP shares 1,073,112 Total ESOP shares 1,082,130 Quoted per share price $ 13.99 Fair value of earned shares $ 126,162 Fair value of unearned shares $ 15,012,837

Note 1_ Basis of Presentation_

Note 1: Basis of Presentation: Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2019
Policies
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies	In 1998, First Bank Richmond's mutual predecessor reorganized into the mutual holding company form of organization by forming First Mutual of Richmond, Inc. ("First Mutual of Richmond-MHC"), a mutual holding company that had no stockholders and was controlled by its members. First Mutual of Richmond-MHC owned 100% of the outstanding shares of common stock of Richmond Mutual Bancorporation-Delaware (“RMB-Delaware”). RMB-Delaware owned 100% of the outstanding shares of common stock of First Bank Richmond. On July 1, 2019, pursuant to the terms of our plan of reorganization and stock offering, First Mutual of Richmond-MHC converted from a mutual holding company to the stock holding company corporate structure. Upon the completion of the transaction, First Mutual of Richmond-MHC and RMB-Delaware ceased to exist, and First Bank Richmond became a wholly-owned subsidiary of Richmond Mutual Bancorporation, Inc., a newly formed Maryland corporation (the "Company"). The reorganization of First Mutual of Richmond-MHC to a stock holding company and dissolution of First Mutual of Richmond-MHC was treated as a transfer as assets and liabilities under common control and accounted for prospectively on July 1, 2019, the date of reorganization and stock offering, resulting in the acquisition of First Bank Richmond by the Company and the dissolution of RMB-Delaware. The net assets and liabilities transferred of $6,035,398 resulted in a deemed distribution as part of the reorganization which is included in the condensed consolidated statement of changes in stockholders' equity for the three and nine months ended September 30, 2019. Simultaneously with the reorganization and stock offering, the common stock and additional paid in capital of RMB-Delaware totaling $12,751,000 was reclassified to retained earnings. The dissolution of First Mutual of Richmond-MHC included a repayment of trust preferred securities of $5,207,000 using the net proceeds from the stock offering which is included in the financing activities of the condensed consolidated statement of cash flows for the nine months ended September 30, 2019. All of the outstanding common stock of First Bank Richmond is owned by Richmond Mutual Bancorporation-Maryland, and all of the outstanding common stock of Richmond Mutual Bancorporation-Maryland is owned by public shareholders. The costs of corporate reorganization and the issuance of common stock have been deducted from the sales proceeds of the offering. In conjunction with the corporate reorganization, the Company contributed 500,000 shares and $1.25 million of cash to a newly formed charitable foundation, First Bank Richmond, Inc. Community Foundation (the "Foundation"). 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 RMB-Delaware’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 at September 30, 2019 and for the three and nine months ended September 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 RMB-Delaware as of December 31, 2018 has been derived from the audited Consolidated Balance Sheet of RMB-Delaware as of that date. In certain circumstances, where appropriate, the terms “we”, “us” and “our” refer collectively to (i) RMB-Delaware and First Bank Richmond with respect to discussions in this document involving matters occurring prior to completion of the corporate reorganization and (ii) the Company and First Bank Richmond with respect to discussions in this document involving matters to occur post-corporate reorganization, in each case unless the context indicates another meaning.

Note 3_ Investment Securities_

Note 3: Investment Securities: Marketable Securities, Policy (Policies)	3 Months Ended
	Sep. 30, 2019
Policies
Marketable Securities, Policy	Securities with a carrying value of $69,475,000 and $86,267,000 were pledged at September 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 nine months ended September 30, 2019 were $35,246,933 and $57,703,608, respectively. For the three and nine months ended September 30, 2018, proceeds from sales of securities available for sale were $0 and $1,507,529, respectively. Gross gains were recognized on the sale of securities available for sale for the three and nine months ended September 30, 2019 of $104,000 and $170,000, respectively. Gross gains were recognized on the sale of securities available for sale for the three and nine months ended September 30, 2018 of $0 and $12,000, respectively. Gross losses were recognized on the sale of securities available for sale for the three and nine months ended September 30, 2019 of $82,000 and $87,000, respectively. There were no gross losses realized from sales of securities available for sale for the three and nine months ended September 30, 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 September 30, 2019 and December 31, 2018 was $109,059,000 and $126,736,000, which is approximately 58% and 88%, respectively, of the Company’s available-for-sale and held-to-maturity investment portfolio. These declines primarily resulted from changes in market interest rates since their purchase. 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
	Sep. 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
	Sep. 30, 2019
Policies
SBA Pools and Mortgage-Backed Securities - GSE Residential Policy	SBA Pools and Mortgage-Backed Securities - GSE Residential.

Note 3_ Investment Securities_4

Note 3: Investment Securities: State and Municipal Obligations Policy (Policies)	3 Months Ended
	Sep. 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
	Sep. 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 Indiana Department of Financial Institutions (“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
	Sep. 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
	Sep. 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
	Sep. 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
	Sep. 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
	Sep. 30, 2019
Policies
Real Estate Owned and Foreclosed Real Estate Policy	At September 30, 2019 and December 31, 2018, the balance of real estate owned includes $109,000 and $176,000, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At September 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 $251,000 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
	Sep. 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
	Sep. 30, 2019
Tables/Schedules
Marketable Securities	September 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale U.S. treasury securities $ 5,000 $ 3 $ 8 $ 4,995 SBA Pools 11,975 - 79 11,896 Federal agencies 26,193 - 64 26,129 State and municipal obligations 33,654 339 102 33,891 Mortgage-backed securities - government- sponsored enterprises (GSE) residential 92,050 141 825 91,366 Equity securities 13 - - 13 168,885 483 1,078 168,290 Held to maturity State and municipal obligations 16,729 236 8 16,957 16,729 236 8 16,957 Total investment securities $ 185,614 $ 719 $ 1,086 $ 185,247 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
	Sep. 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 $ 308 $ 309 $ 3,214 $ 3,218 One to five years 17,785 17,807 8,587 8,678 Five to ten years 35,995 35,953 3,589 3,676 After ten years 22,734 22,842 1,339 1,385 76,822 76,911 16,729 16,957 Mortgage-backed securities - GSE residential 92,050 91,366 - - Equity securities 13 13 - - Totals $ 168,885 $ 168,290 $ 16,729 $ 16,957

Note 3_ Investment Securities_7

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Unrealized Gain (Loss) on Investments	September 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 U.S. treasury securities $ 3,002 $ 8 $ - $ - $ 3,002 $ 8 SBA Pools 11,820 79 - - 11,820 79 Federal agencies 5,948 45 2,980 19 8,928 64 State and municipal obligations 3,264 22 8,642 80 11,906 102 Mortgage-backed securities - GSE residential 31,644 173 39,517 652 71,161 825 Total available-for-sale 55,678 327 51,139 751 106,817 1,078 Held-to-maturity State and municipal obligations 664 7 1,578 1 2,242 8 Total temporarily impaired securities $ 56,342 $ 334 $ 52,717 $ 752 $ 109,059 $ 1,086 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
	Sep. 30, 2019
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	September 30, December 31, 2019 2018 Commercial mortgage $ 233,643 $ 211,237 Commercial and industrial 81,109 71,854 Construction and development 55,362 72,955 Multi-family 70,613 43,816 Residential mortgage 132,628 132,492 Home equity 7,385 7,214 Direct financing leases 107,349 107,735 Consumer 14,009 13,520 702,098 660,823 Less Allowance for loan and lease losses 6,896 5,600 Deferred loan fees 457 468 $ 694,745 $ 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
	Sep. 30, 2019
Tables/Schedules
Financing Receivable, Allowance for Credit Loss	Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended September 30, 2019: Balance, beginning of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Provision (credit) for losses 586 11 (34) 71 71 705 Charge-offs (14) - (6) (107) (51) (178) Recoveries 4 2 22 54 6 88 Balance, end of period $ 4,468 $ 1,781 $ 104 $ 403 $ 140 $ 6,896 Nine Months Ended September 30, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision (credit) for losses 1,321 206 (41) 121 108 1,715 Charge-offs (14) (250) (42) (284) (100) (690) Recoveries 14 8 48 177 24 271 Balance, end of period $ 4,468 $ 1,781 $ 104 $ 403 $ 140 $ 6,896 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended September 30, 2018: Balance, beginning of period $ 3,157 $ 1,854 $ 173 $ 344 $ 105 $ 5,633 Provision (credit) for losses (231) 594 (27) 106 8 450 Charge-offs - (400) (40) (122) (9) (571) Recoveries 22 5 43 41 5 116 Balance, end of period $ 2,948 $ 2,053 $ 149 $ 369 $ 109 $ 5,628 Nine Months Ended September 30, 2018: Balance, beginning of period $ 2,424 $ 1,663 $ 257 $ 337 $ 119 $ 4,800 Provision (credit) for losses 496 815 (146) 181 4 1,350 Charge-offs (7) (447) (89) (316) (39) (898) Recoveries 35 22 127 167 25 376 Balance, end of period $ 2,948 $ 2,053 $ 149 $ 369 $ 109 $ 5,628

Note 4_ Loans, Leases and Al_10

Note 4: Loans, Leases and Allowance: Financing Receivable, Current, Allowance for Credit Loss (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Financing Receivable, Current, Allowance for Credit Loss	September 30, 2019 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan losses: Individually evaluated for impairment $ 300 $ 142 $ - $ - $ - $ 442 Collectively evaluated for impairment 4,168 1,639 104 403 140 6,454 Balance, September 30 $ 4,468 $ 1,781 $ 104 $ 403 $ 140 $ 6,896 Loans: Individually evaluated for impairment $ 675 $ 847 $ 356 $ - $ - $ 1,878 Collectively evaluated for impairment 383,946 74,028 116,347 107,349 18,550 700,220 Ending balance:September 30 $ 384,621 $ 74,875 $ 116,703 $ 107,349 $ 18,550 $ 702,098 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
	Sep. 30, 2019
Tables/Schedules
Financing Receivable Credit Quality Indicators	September 30, 2019 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 224,089 $ 71,696 $ 55,362 $ 70,613 $ 129,555 $ 7,259 $ 107,182 $ 13,991 $ 679,747 5 Special Mention 8,008 6,269 - - 195 64 - - 14,536 6 Substandard 1,546 3,144 - - 2,878 62 65 18 7,713 7 Doubtful - - - - - - 102 - 102 8 Loss - - - - - - - - - $ 233,643 $ 81,109 $ 55,362 $ 70,613 $ 132,628 $ 7,385 $ 107,349 $ 14,009 $ 702,098 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
	Sep. 30, 2019
Tables/Schedules
Schedule of Loans Classified by Aging Analysis	September 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 $ 155 $ 321 $ 184 $ 660 $ 232,983 $ 233,643 $ - Commercial and industrial 557 - 787 1,344 79,765 81,109 - Construction and development - 232 - 232 55,130 55,362 - Multi-family - - - - 70,613 70,613 - Residential mortgage 617 622 2,388 3,627 129,001 132,628 2,151 Home equity 67 - 15 82 7,303 7,385 15 Leases 10 54 8 72 107,277 107,349 - Consumer 66 22 18 106 13,903 14,009 18 Totals $ 1,472 $ 1,251 $ 3,400 $ 6,123 $ 695,975 $ 702,098 $ 2,184 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
	Sep. 30, 2019
Tables/Schedules
Impaired Financing Receivables	September 30, 2019 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 353 $ 426 $ - Commercial and industrial 654 2,437 - Residential mortgage 356 617 - $ 1,363 $ 3,480 $ - Loans with a specific valuation allowance Commercial mortgage $ 322 $ 377 $ 300 Commercial and industrial 193 859 142 $ 515 $ 1,236 $ 442 Total impaired loans Commercial mortgage $ 675 $ 803 $ 300 Commercial and industrial 847 3,296 142 Residential mortgage 356 617 - Total impaired loans $ 1,878 $ 4,716 $ 442 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 nine months ended September 30, 2019 and 2018. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended September 30, 2019: Total impaired loans Commercial mortgage $ 684 $ 10 Commercial and industrial 858 11 Residential mortgage 363 6 Total impaired loans $ 1,905 $ 27 Nine Months Ended September 30, 2019: Total impaired loans Commercial mortgage $ 706 $ 32 Commercial and industrial 950 51 Residential mortgage 375 14 Total impaired loans $ 2,031 $ 97 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended September 30, 2018: Total impaired loans Commercial mortgage $ 397 $ 13 Commercial and industrial 2,345 26 Residential mortgage 324 2 Total impaired loans $ 3,066 $ 41 Nine Months Ended September 30, 2018: Total impaired loans Commercial mortgage $ 395 $ 25 Commercial and industrial 2,472 54 Residential mortgage 329 10 Total impaired loans $ 3,196 $ 89

Note 4_ Loans, Leases and Al_14

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Financing Receivable, Nonaccrual	September 30, December 31, 2019 2018 Commercial mortgage $ 674 $ 743 Commercial and industrial 848 1,177 Residential mortgage 324 357 Leases 102 202 $ 1,948 $ 2,479

Note 4_ Loans, Leases and Al_15

Note 4: Loans, Leases and Allowance: Direct Financing Lease, Lease Income (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Direct Financing Lease, Lease Income	September 30, December 31, 2019 2018 Total minimum lease payments to be received $ 118,269 $ 118,752 Initial direct costs 5,314 5,459 123,583 124,211 Less: Unearned income (16,234) (16,476) Net investment in direct financing leases $ 107,349 $ 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
	Sep. 30, 2019
Tables/Schedules
Schedule of Future Minimum Lease Payments for Capital Leases	2019 $ 12,577 2020 42,946 2021 31,556 2022 19,196 2023 9,361 Thereafter 2,633 $ 118,269

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
	Sep. 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) September 30, 2019 Available-for-sale securities U.S. Treasury securities $ 4,995 $ - $ 4,995 $ - SBA Pools 11,896 - 11,896 - Federal agencies 26,129 - 26,129 - State and municipal obligations 33,891 - 33,891 - Mortgage-backed securities -GSE residential 91,366 - 91,366 - Equity securities 13 13 - - $ 168,290 $ 13 $ 168,277 $ - 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
	Sep. 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) September 30, 2019 Impaired loans, collateral dependent $ 257 $ - $ - $ 257 December 31, 2018 Impaired loans, collateral dependent $ 344 $ - $ - $ 344 Mortgage-servicing rights 1,227 - - 1,227

Note 5_ Fair Value of Financi_5

Note 5: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Fair Value at September 30, Valuation Unobservable 2019 Technique Inputs Range Collateral-dependent $257 Appraisal Marketability 0% - 14% impaired loans discount Fair Value at December 31, Valuation Unobservable 2018 Technique Inputs Range Collateral-dependent $344 Appraisal Marketability 0% - 70% impaired loans discount Mortgage-servicing rights $1,227 Discounted Discount rate 10% cash flow Prepayment Speed 1% - 56%

Note 5_ Fair Value of Financi_6

Note 5: Fair Value of Financial Instruments: Fair Values of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Fair Values of Financial Instruments	Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) September 30, 2019 Financial assets Cash and cash equivalents $ 41,377 $ 41,377 $ - $ - Available-for-sale securities 168,290 13 168,277 - Held-to-maturity securities 16,729 - 16,957 - Loans and leases receivable, net 694,745 - - 689,087 Federal Reserve and FHLB stock 7,600 - 7,600 - Interest receivable 2,800 - 2,800 - Financial liabilities Deposits 607,808 - 609,754 - FHLB advances 141,000 - 140,495 - Interest payable 554 - 554 - Fair Value Measurements Using 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 6_ Earnings per Share_ Sch

Note 6: Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	For the Period July 2, 2019 to September 30, 2019 Net income (loss) $ (3,250,335) Shares outstanding for Basic EPS: Average shares outstanding 13,526,625 Less: average unearned ESOP Shares 1,052,804 Shares outstanding for Basic EPS 12,473,821 Additional Dilutive Shares - Shares outstanding for Diluted EPS 12,473,821 Basic Earnings (Loss) Per Share $ (0.26) Diluted Earnings (Loss) Per Share $ (0.26)

Note 7_ Employee Stock Owners_2

Note 7: Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Tables)	3 Months Ended
	Sep. 30, 2019
Tables/Schedules
Employee Stock Ownership Plan (ESOP) Disclosures	September 30, 2019 Earned ESOP shares 9,018 Unearned ESOP shares 1,073,112 Total ESOP shares 1,082,130 Quoted per share price $ 13.99 Fair value of earned shares $ 126,162 Fair value of unearned shares $ 15,012,837

Note 1_ Basis of Presentation_2

Note 1: Basis of Presentation: Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies (Details)	Jul. 01, 2019
Details
Plan of Reorganization, Terms of Plan	The reorganization of First Mutual of Richmond-MHC to a stock holding company and dissolution of First Mutual of Richmond-MHC was treated as a transfer as assets and liabilities under common control and accounted for prospectively on July 1, 2019, the date of reorganization and stock offering, resulting in the acquisition of First Bank Richmond by the Company and the dissolution of RMB-Delaware. The net assets and liabilities transferred of $6,035,398 resulted in a deemed distribution as part of the reorganization which is included in the condensed consolidated statement of changes in stockholders' equity for the three and nine months ended September 30, 2019.

Note 3_ Investment Securities_8

Note 3: Investment Securities: Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Securities Investment
Investment Securities Amortized Cost	$ 185,614	$ 149,381
Investment Securities Gross Unrealized Gains	719	2,725
Investment Securities Gross Unrealized Losses	1,086	5,971
Investment Securities Fair Value	185,247	146,135
Corporate Bond Securities
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment		2,500
Held to Maturity Securities Gross Unrealized Gains		2,610
Held to Maturity Securities Gross Unrealized Losses		0
Debt Securities, Held-to-maturity, Fair Value		5,110
Available-for-sale Securities
Available-for-sale Securities, Amortized Cost Basis	168,885	128,301
Available-for-sale Securities, Gross Unrealized Gain	483	45
Available-for-sale Securities, Gross Unrealized Loss	1,078	5,864
Available for Sale Securities, Fair Value	168,290	122,482
Held-to-maturity Securities
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	16,729	21,080
Held to Maturity Securities Gross Unrealized Gains	236	2,680
Held to Maturity Securities Gross Unrealized Losses	8	107
Debt Securities, Held-to-maturity, Fair Value	16,957	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	92,050	56,945
Available-for-sale Securities, Gross Unrealized Gain	141	11
Available-for-sale Securities, Gross Unrealized Loss	825	2,286
Available for Sale Securities, Fair Value	91,366	54,670
US Treasury Securities
Available-for-sale Securities, Amortized Cost Basis	5,000
Available-for-sale Securities, Gross Unrealized Gain	3
Available-for-sale Securities, Gross Unrealized Loss	8
Available for Sale Securities, Fair Value	4,995
Small Business Administration Pools
Available-for-sale Securities, Amortized Cost Basis	11,975
Available-for-sale Securities, Gross Unrealized Gain	0
Available-for-sale Securities, Gross Unrealized Loss	79
Available for Sale Securities, Fair Value	11,896
US Government Corporations and Agencies Securities
Available-for-sale Securities, Amortized Cost Basis	26,193	40,812
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	64	2,802
Available for Sale Securities, Fair Value	26,129	38,010
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Amortized Cost Basis	33,654	30,531
Available-for-sale Securities, Gross Unrealized Gain	339	34
Available-for-sale Securities, Gross Unrealized Loss	102	776
Available for Sale Securities, Fair Value	33,891	29,789
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	16,729	18,580
Held to Maturity Securities Gross Unrealized Gains	236	70
Held to Maturity Securities Gross Unrealized Losses	8	107
Debt Securities, Held-to-maturity, Fair Value	$ 16,957	$ 18,543

Note 3_ Investment Securities_9

Note 3: Investment Securities: Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Sep. 30, 2019USD ($)
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	$ 308
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value	309
Held to Maturity Securities Debt Maturities Within One Year Amortized Cost	3,214
Held to Maturity Securities Debt Maturities Within One Year Amortized Cost	3,218
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	17,785
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	17,807
Held to Maturity Securities Debt Maturities Within After one to Five Years Amortized Cost	8,587
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	8,678
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	35,995
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	35,953
Held to Maturity Securities Debt Maturities Within After Five to Ten Years Amortized Cost	3,589
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	3,676
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	22,734
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	22,842
Held to Maturity Securities Debt Maturities Within After Ten Years Amortized Cost	1,339
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	1,385
Available for Sale Securities Contractual Maturity Amortized Cost	76,822
Available for Sale Securities Contractual Maturity Fair Value	76,911
Held to Maturity Securities Contractual Maturity Amortized Cost	16,729
Held to Maturity Securities Contractual Maturity Fair Value	16,957
Available-for-sale Securities
Available for Sale Securities Contractual Maturity Amortized Cost	168,885
Available for Sale Securities Contractual Maturity Fair Value	168,290
Held-to-maturity Securities
Held to Maturity Securities Contractual Maturity Amortized Cost	16,729
Held to Maturity Securities Contractual Maturity Fair Value	16,957
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	92,050
Available for Sale Securities Contractual Maturity Fair Value	91,366
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	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Details
Securities Pledged as Security, Carrying Value	$ 69,475,000			$ 69,475,000		$ 86,267,000
Proceeds from sales of securities available for sale	35,246,933	$ 0		57,703,608	$ 1,507,529
Available-for-sale Securities, Gross Realized Gains	104,000	0		170,000	12
Available-for-sale Securities, Gross Realized Losses	82	$ 0	$ 0	$ 87	$ 0
Investments Reported at Less Than Historical Cost, Fair Value	$ 109,059,000					$ 126,736,000
Investments Reported at Less Than Historical Cost as Percentage of Total Securities	58.00%					88.00%

Note 3_ Investment Securitie_11

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Temporarily Impaired Securities Less Than Twelve Months Fair Value	$ 56,342	$ 13,659
Temporarily Impaired Securities Less than 12 Months Unrealized Losses	334	67
Temporarily Impaired Securities Twelve Months or More Fair Value	52,717	113,077
Temporarily Impaired Securities 12 Months or More Unrealized Losses	752	5,904
Temporarily Impaired Securities Fair Value	109,059	126,736
Temporarily Impaired Securities Unrealized Losses	1,086	5,971
Available-for-sale Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	55,678	10,388
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	327	56
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	51,139	105,215
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	751	5,808
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	106,817	115,603
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	1,078	5,864
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	31,644	5,872
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	173	30
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	39,517	45,676
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	652	2,256
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	71,161	51,548
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	825	2,286
US Government Corporations and Agencies Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	5,948	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	45	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,980	38,010
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	19	2,802
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	8,928	38,010
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	64	2,802
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	3,264	4,516
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	22	26
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	8,642	21,529
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	80	750
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	11,906	26,045
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	102	776
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	664	3,271
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	7	11
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	1,578	7,862
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1	96
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	2,242	11,133
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	$ 8	$ 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	Sep. 30, 2019	Dec. 31, 2018
SEC Schedule, 12-09, Allowance, Loan and Lease Loss
Loans Receivable	$ 6,896	$ 5,600
Home Equity Loan
Loans Receivable	7,385	7,214
Multifamily
Loans Receivable	70,613	43,816
Construction
Loans Receivable	55,362	72,955
Commercial Loan
Loans Receivable	81,109	71,854
Direct financing leases
Loans Receivable	107,349	107,735
Consumer Loan
Loans Receivable	14,009	13,520
Loans Receivable, Gross
Loans Receivable	702,098	660,823
Deferred Loan Fees
Loans Receivable	457	468
Loans Receivable, Net
Loans Receivable	694,745	654,755
Commercial Real Estate
Loans Receivable	233,643	211,237
Residential Real Estate
Loans Receivable	$ 132,628	$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Commercial Loan
Provision (credit) for losses	$ 11	$ 594	$ 206	$ 815
Charge-offs	0	(400)	(250)	(447)
Recoveries	2	5	8	22
Commercial Loan | Beginning of Period
Allowance for Credit Losses on Financing Receivables	1,768	1,854	1,817	1,663
Commercial Loan | End of Period
Allowance for Credit Losses on Financing Receivables	1,781	2,053	1,781	2,053
Direct financing leases
Provision (credit) for losses	71	106	121	181
Charge-offs	(107)	(122)	(284)	(316)
Recoveries	54	41	177	167
Direct financing leases | Beginning of Period
Allowance for Credit Losses on Financing Receivables	385	344	389	337
Direct financing leases | End of Period
Allowance for Credit Losses on Financing Receivables	403	369	403	369
Consumer Loan
Provision (credit) for losses	71	8	108	4
Charge-offs	(51)	(9)	(100)	(39)
Recoveries	6	5	24	25
Consumer Loan | Beginning of Period
Allowance for Credit Losses on Financing Receivables	114	105	108	119
Consumer Loan | End of Period
Allowance for Credit Losses on Financing Receivables	140	109	140	109
Loans Receivable, Gross
Provision (credit) for losses	705	450	1,715	1,350
Charge-offs	(178)	(571)	(690)	(898)
Recoveries	88	116	271	376
Loans Receivable, Gross | Beginning of Period
Allowance for Credit Losses on Financing Receivables	6,281	5,633	5,600	4,800
Loans Receivable, Gross | End of Period
Allowance for Credit Losses on Financing Receivables	6,896	5,628	6,896	5,628
Commercial Real Estate
Provision (credit) for losses	586	(231)	1,321	496
Charge-offs	(14)	0	(14)	(7)
Recoveries	4	22	14	35
Commercial Real Estate | Beginning of Period
Allowance for Credit Losses on Financing Receivables	3,892	3,157	3,147	2,424
Commercial Real Estate | End of Period
Allowance for Credit Losses on Financing Receivables	4,468	2,948	4,468	2,948
Residential Real Estate
Provision (credit) for losses	(34)	(27)	(41)	(146)
Charge-offs	(6)	(40)	(42)	(89)
Recoveries	22	43	48	127
Residential Real Estate | Beginning of Period
Allowance for Credit Losses on Financing Receivables	122	173	139	257
Residential Real Estate | End of Period
Allowance for Credit Losses on Financing Receivables	$ 104	$ 149	$ 104	$ 149

Note 4_ Loans, Leases and Al_19

Note 4: Loans, Leases and Allowance: Financing Receivable, Current, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Commercial Loan
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 142	$ 394
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,639	1,423
Individually evaluated for impairment	847	1,177
Collectively evaluated for impairment	74,028	58,203
Financing Receivable Individuall and Collectively Evaluated for Impairment	74,875	59,380
Commercial Loan | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	1,781	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	403	389
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	107,349	107,735
Financing Receivable Individuall and Collectively Evaluated for Impairment	107,349	107,735
Direct financing leases | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	403	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	140	108
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	18,550	16,725
Financing Receivable Individuall and Collectively Evaluated for Impairment	18,550	16,725
Consumer Loan | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	140	108
Loans Receivable, Gross
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	442	694
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	6,454	4,906
Individually evaluated for impairment	1,878	2,309
Collectively evaluated for impairment	700,220	658,514
Financing Receivable Individuall and Collectively Evaluated for Impairment	702,098	660,823
Loans Receivable, Gross | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	6,896	5,600
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	300	300
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	4,168	2,847
Individually evaluated for impairment	675	743
Collectively evaluated for impairment	383,946	358,593
Financing Receivable Individuall and Collectively Evaluated for Impairment	384,621	359,336
Commercial Real Estate | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	4,468	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	104	139
Individually evaluated for impairment	356	389
Collectively evaluated for impairment	116,347	117,258
Financing Receivable Individuall and Collectively Evaluated for Impairment	116,703	117,647
Residential Real Estate | End of Period
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	$ 104	$ 139

Note 4_ Loans, Leases and Al_20

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Home Equity Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	$ 7,259	$ 7,059
Home Equity Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	64	65
Home Equity Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	62	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	7,385	7,214
Multifamily | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	70,613	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	70,613	43,816
Construction | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	55,362	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	55,362	72,955
Commercial Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	71,696	68,568
Commercial Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	6,269	35
Commercial Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	3,144	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	81,109	71,854
Direct financing leases | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	107,182	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	65	151
Direct financing leases | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	102	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	107,349	107,735
Consumer Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	13,991	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	18	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	14,009	13,520
Loans Receivable, Net | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	679,747	649,144
Loans Receivable, Net | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	14,536	3,782
Loans Receivable, Net | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	7,713	7,695
Loans Receivable, Net | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	102	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	702,098	660,823
Commercial Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	224,089	210,158
Commercial Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	8,008	492
Commercial Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	1,546	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	233,643	211,237
Residential Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	129,555	128,665
Residential Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	195	264
Residential Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	2,878	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	$ 132,628	$ 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	Sep. 30, 2019	Dec. 31, 2018
Financial Asset, 30 to 59 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	$ 67	$ 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	0	0
Financial Asset, 30 to 59 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	557	321
Financial Asset, 30 to 59 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	10	110
Financial Asset, 30 to 59 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	66	67
Financial Asset, 30 to 59 Days Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	1,472	3,428
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	155	0
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	617	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	232	0
Financial Asset, 60 to 89 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	0	328
Financial Asset, 60 to 89 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	54	89
Financial Asset, 60 to 89 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	22	24
Financial Asset, 60 to 89 Days Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	1,251	1,660
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	321	412
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	622	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	787	1,243
Financial Asset, Equal to or Greater than 90 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	8	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	18	38
Financial Asset, Equal to or Greater than 90 Days Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	3,400	3,567
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	184	78
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	2,388	2,193
Financing Receivables Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	82	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	232	0
Financing Receivables Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	1,344	1,892
Financing Receivables Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	72	199
Financing Receivables Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	106	129
Financing Receivables Past Due | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	6,123	8,655
Financing Receivables Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	660	490
Financing Receivables Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	3,627	4,147
Financing Receivables Current | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	7,303	7,100
Financing Receivables Current | Multifamily
Financing Receivables Past Due By Aging Analysis	70,613	42,132
Financing Receivables Current | Construction
Financing Receivables Past Due By Aging Analysis	55,130	72,955
Financing Receivables Current | Commercial Loan
Financing Receivables Past Due By Aging Analysis	79,765	69,962
Financing Receivables Current | Direct financing leases
Financing Receivables Past Due By Aging Analysis	107,277	107,536
Financing Receivables Current | Consumer Loan
Financing Receivables Past Due By Aging Analysis	13,903	13,391
Financing Receivables Current | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	695,975	652,168
Financing Receivables Current | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	232,983	210,747
Financing Receivables Current | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	129,001	128,345
Total Portfolio Loan | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	7,385	7,214
Total Portfolio Loan | Multifamily
Financing Receivables Past Due By Aging Analysis	70,613	43,816
Total Portfolio Loan | Construction
Financing Receivables Past Due By Aging Analysis	55,362	72,955
Total Portfolio Loan | Commercial Loan
Financing Receivables Past Due By Aging Analysis	81,109	71,854
Total Portfolio Loan | Direct financing leases
Financing Receivables Past Due By Aging Analysis	107,349	107,735
Total Portfolio Loan | Consumer Loan
Financing Receivables Past Due By Aging Analysis	14,009	13,520
Total Portfolio Loan | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	702,098	660,823
Total Portfolio Loan | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	233,643	211,237
Total Portfolio Loan | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	132,628	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	18	38
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Loans Receivable, Net
Financing Receivables Past Due By Aging Analysis	2,184	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	$ 2,151	$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Financing Receivables Without a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	$ 1,363		$ 1,363		$ 1,271
Impaired Financing Receivable, Unpaid Principal Balance	3,480		3,480		1,970
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	654		654		485
Impaired Financing Receivable, Unpaid Principal Balance	2,437		2,437		829
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	353		353		397
Impaired Financing Receivable, Unpaid Principal Balance	426		426		453
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	356		356		389
Impaired Financing Receivable, Unpaid Principal Balance	617		617		688
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables With a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	515		515		1,038
Impaired Financing Receivable, Unpaid Principal Balance	1,236		1,236		2,882
Impaired Financing Receivable, Related Allowance	442		442		694
Financing Receivables With a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	193		193		692
Impaired Financing Receivable, Unpaid Principal Balance	859		859		2,495
Impaired Financing Receivable, Related Allowance	142		142		394
Financing Receivables With a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	322		322		346
Impaired Financing Receivable, Unpaid Principal Balance	377		377		387
Impaired Financing Receivable, Related Allowance	300		300		300
Impaired Financing Receivables
Impaired Financing Receivable, Recorded Investment	1,878		1,878		2,309
Impaired Financing Receivable, Unpaid Principal Balance	4,716		4,716		4,852
Impaired Financing Receivable, Related Allowance	442		442		694
Impaired Financing Receivable, Average Recorded Investment	1,905	$ 3,066	2,031	$ 3,196
Impaired Financing Receivable Interest Income Recognized	27	41	97	89
Impaired Financing Receivables | Commercial Loan
Impaired Financing Receivable, Recorded Investment	847		847		1,177
Impaired Financing Receivable, Unpaid Principal Balance	3,296		3,296		3,324
Impaired Financing Receivable, Related Allowance	142		142		394
Impaired Financing Receivable, Average Recorded Investment	858	2,345	950	2,472
Impaired Financing Receivable Interest Income Recognized	11	26	51	54
Impaired Financing Receivables | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	675		675		743
Impaired Financing Receivable, Unpaid Principal Balance	803		803		840
Impaired Financing Receivable, Related Allowance	300		300		300
Impaired Financing Receivable, Average Recorded Investment	684	397	706	395
Impaired Financing Receivable Interest Income Recognized	10	13	32	25
Impaired Financing Receivables | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	356		356		389
Impaired Financing Receivable, Unpaid Principal Balance	617		617		688
Impaired Financing Receivable, Related Allowance	0		0		$ 0
Impaired Financing Receivable, Average Recorded Investment	363	324	375	329
Impaired Financing Receivable Interest Income Recognized	$ 6	$ 2	$ 14	$ 10

Note 4_ Loans, Leases and Al_23

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivables, Nonaccrual
Financing Receivable, Nonaccrual	$ 1,948	$ 2,479
Commercial Loan
Financing Receivable, Nonaccrual	848	1,177
Direct financing leases
Financing Receivable, Nonaccrual	102	202
Commercial Real Estate
Financing Receivable, Nonaccrual	674	743
Residential Real Estate
Financing Receivable, Nonaccrual	$ 324	$ 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
	Sep. 30, 2019	Dec. 31, 2018
Details
Foreclosed Residential Real Estate With Physical Possession	$ 109,000	$ 176,000
Consumer Mortgage Loans Secured by Residential Real Estate Properties in Process of Foreclosure	$ 251,000	$ 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
	Sep. 30, 2019	Dec. 31, 2018
Details
Total minimum lease payments to be received	$ 118,269	$ 118,752
Initial direct costs	5,314	5,459
Direct Financing Lease, Revenue	123,583	124,211
Net investment in direct financing leases	$ 107,349	$ 107,735

Note 4_ Loans, Leases and Al_26

Note 4: Loans, Leases and Allowance: Leases Serviced for the Benefit of Others (Details) - USD ($)	Sep. 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)	Sep. 30, 2019USD ($)
Details
2019	$ 12,577
2020	42,946
2021	31,556
2022	19,196
2023	9,361
Thereafter	2,633
Capital Leases, Future Minimum Payments Receivable	$ 118,269

Note 5_ Fair Value of Financi_7

Note 5: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 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	168,290	122,482
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	91,366	54,670
US Treasury Securities
Recurring Assets, Fair Value Disclosure	4,995
Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	11,896
US Government Corporations and Agencies Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	26,129	38,010
US States and Political Subdivisions Debt Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	33,891	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 | US Treasury Securities
Recurring Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 1 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 1 | US Government Corporations and Agencies Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | US States and Political Subdivisions Debt Securities | Available-for-sale 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	168,277	122,469
Fair Value, Inputs, Level 2 | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	91,366	54,670
Fair Value, Inputs, Level 2 | US Treasury Securities
Recurring Assets, Fair Value Disclosure	4,995
Fair Value, Inputs, Level 2 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	11,896
Fair Value, Inputs, Level 2 | US Government Corporations and Agencies Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	26,129	38,010
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	33,891	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 | US Treasury Securities
Recurring Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 | US Government Corporations and Agencies Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | US States and Political Subdivisions Debt Securities | Available-for-sale Securities
Recurring Assets, Fair Value Disclosure	$ 0	$ 0

Note 5_ Fair Value of Financi_8

Note 5: Fair Value of Financial Instruments: Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Sep. 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	$ 257	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		1,227
Fair Value, Inputs, Level 3 | Impaired Loans, Collateral Dependent
Non-recurring Assets, Fair Value Disclosure	$ 257	$ 344

Note 5_ Fair Value of Financi_9

Note 5: Fair Value of Financial Instruments: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Valuation Technique of Fair Value Assets Measured on a Nonrecurring Basis		cash flow
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
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)	$ 257	$ 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	Marketability
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	14.00%	70.00%

Note 5_ Fair Value of Financ_10

Note 5: Fair Value of Financial Instruments: Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 1 | Financial Assets
Cash and cash equivalents	$ 41,377	$ 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	168,277	122,469
Held-to-maturity securities	16,957	23,653
Loans and leases receivable, net	0	0
Federal Reserve and FHLB Stock, Carrying Value	7,600	6,561
Interest receivable	2,800	2,686
Fair Value, Inputs, Level 2 | Financial Liabilities
Deposits	609,754	620,380
FHLB advances	140,495	133,141
Interest payable	554	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	689,087	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	41,377	14,971
Available for Sale Securities, Fair Value	168,290	122,482
Held-to-maturity securities	16,729	21,080
Loans and leases receivable, net	694,745	654,755
Federal Reserve and FHLB Stock, Carrying Value	7,600	6,561
Interest receivable	2,800	2,686
Carrying Value | Financial Liabilities
Deposits	607,808	620,637
FHLB advances	141,000	136,100
Interest payable	$ 554	$ 551

Note 6_ Earnings per Share_ S_2

Note 6: Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2019		Sep. 30, 2019	Sep. 30, 2019
Details
Net income (loss)			$ (3,250,335)
Average shares outstanding			13,526,625
Average unearned ESOP Shares			1,052,804
Shares Outstanding for Basic Earnings Per Share			12,473,821
Additional Dilutive Shares			0
Shares Outstanding for Eiluted Earnings Per Share			12,473,821
Basic Earnings (Loss) Per Share	$ (0.26)		$ (0.26)	$ (0.26)
Diluted Earnings (Loss) Per Share	$ (0.26)	[1]	$ (0.26)	$ (0.26)	[1]
[1]	For period July 2, 2019 to September 30, 2019.

Note 7_ Employee Stock Owners_3

Note 7: Employee Stock Ownership Plan (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Details
Employee Stock Ownership Plan (ESOP), Plan Description	The ESOP acquired 1,082,130 shares of Company common stock at an average of $13.59 per share on the open market with funds provided by a loan from the Company. Accordingly, $14,706,000 of common stock acquired by the ESOP was shown as a reduction of stockholders’ equity. Shares are released to participants proportionately as the loan is repaid.
ESOP shares expense	$ 121,000	$ 121,349	$ 0

Note 7_ Employee Stock Owners_4

Note 7: Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Details)	3 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Details
Earned ESOP shares	9,018
Employee Stock Ownership Plan Number of Unallocated Shares	1,073,112
Total ESOP shares	1,082,130
Quoted per share price | $ / shares	$ 13.99
Fair value of earned shares | $	$ 126,162
Fair value of unearned shares | $	$ 15,012,837