Richmond Mutual Bancorporation (RMBI) 10-Q 15 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	May 15, 2020	Mar. 31, 2020
Details
Registrant CIK		0001767837
Fiscal Year End		--12-31
Registrant Name		RICHMOND MUTUAL BANCORPORATION, INC.
SEC Form		10-Q
Period End date		Mar. 31, 2020
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
Document Quarterly Report		true
Document Transition Report		false
Entity File Number		001-38956
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		2020
Document Fiscal Period Focus		Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 10,510,456	$ 9,088,398
Interest-bearing demand deposits	16,945,289	31,508,479
Cash and cash equivalents	27,455,745	40,596,877
Investment securities - available for sale	238,891,137	201,783,851
Investment securities - held to maturity	13,770,210	15,917,394
Loans Receivable	687,053,651	687,258,190
Premises and equipment, net	14,007,080	14,087,169
Federal Home Loan Bank stock	8,630,800	7,600,400
Interest receivable	3,248,041	3,052,380
Mortgage Servicing Rights	911,402	1,033,217
Cash surrender value of life insurance	3,870,017	3,839,911
Other assets	9,777,676	10,872,682
Total assets	1,007,615,759	986,042,071
Liabilities
Non-interest bearing deposits	62,491,325	60,297,443
Interest bearing deposits	542,744,053	556,921,370
Total deposits	605,235,378	617,218,813
Federal Home Loan Bank advances	182,000,000	154,000,000
Advances by borrowers for taxes and insurance	613,571	545,498
Interest payable	350,466	296,774
Multi-employer pension plan liability	17,454,709	17,454,709
Other liabilities	8,765,381	8,738,831
Total liabilities	814,419,505	798,254,625
Commitments and Contingent Liabilities	0	0
Stockholders' Equity
Common stock, $.01 par value Authorized - 90,000,000 shares Issued and outstanding - 13,526,625 shares	135,266	135,266
Additional paid-in capital	132,604,734	132,601,876
Retained earnings	72,563,580	70,111,434
Unearned employee stock ownership plan (ESOP)	(14,216,557)	(14,400,386)
Accumulated other comprehensive income (loss)	2,109,231	(660,744)
Total stockholders' equity	193,196,254	187,787,446
Total liabilities and stockholders' equity	$ 1,007,615,759	$ 986,042,071

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Details
Allowance for Loan and Lease Losses Write-offs, Net	$ 7,306,000	$ 7,089,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	90,000,000		13,526,625

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Income
Investment securities	$ 1,262,937	$ 941,661
Other	125,030	49,107
Total interest income	10,451,534	9,756,897
Interest Expense
Deposits	1,824,698	1,886,700
Borrowings	739,341	750,262
Total interest expense	2,564,039	2,636,962
Net Interest Income	7,887,495	7,119,935
Provision for losses on loans and leases	210,000	525,000
Net Interest Income After Provision for Losses on Loans and Leases	7,677,495	6,594,935
Non-Interest Income
Service Charges on Deposit Accounts	254,651	231,649
Card fee income	179,607	166,586
Loan and lease servicing fees	(65,692)	113,272
Net gains on securities (includes $69,139 and $24,806 for the three months ended March 31, 2020 and 2019, respectively, related to accumulated other comprehensive loss reclassifications)	69,139	24,806
Net gains on loan and lease sales	228,208	87,225
Other loan fees	82,874	154,640
Other income	204,281	126,277
Total non-interest income	953,068	904,455
Non-Interest Expenses
Salaries and employee benefits	3,363,685	3,475,733
Loans and leases	9,063,567	8,766,129
Net occupancy expenses	290,009	293,381
Equipment expenses	255,848	242,145
Data processing fees	476,803	414,192
Deposit insurance expense	56,000	135,000
Printing and office supplies	26,543	41,758
Legal and professional fees	241,366	296,779
Advertising expense	109,557	123,417
Bank Service Charges	37,355	31,676
Real estate owned expense	2,177	14,820
Loan Tax and Insurance Expense	664,274	736,140
Loan Tax and Insurance Expense	5,523,617	5,805,041
Income Before Income Tax Expense	3,106,946	1,694,349
Provision for income taxes (includes $17,522 and $6,483 for the three months ended March 31, 2020 and 2019 respectively, related to income tax expense from reclassification of items)	654,800	322,100
Net Income	$ 2,452,146	$ 1,372,249
Earnings Per Share
Basic	$ 0.20
Diluted	$ 0.20

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income - Parenthetical - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Details
Accumulated other comprehensive loss reclassifications	$ 69,139	$ 24,806
Provision for income tax expense from reclassification of items	$ 17,522	$ 6,483

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Details
Net Income	$ 2,452,146	$ 1,372,249
Other Comprehensive Income
Unrealized gain on available-for-sale securities, net of tax expense of $957,976 and $677,903 for the three months ended March 31, 2020 and 2019, respectively.	2,821,591	1,915,947
Reclassification Adjustment for Realized Gains Included in Net Income	51,616	18,323
Other Comprehensive Income, Other, Net of Tax	2,769,975	1,897,624
Comprehensive Income	$ 5,222,121	$ 3,269,873

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - Parenthetical - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Details
Available for sale securities income tax expense (benefit)	$ 957,976	$ 677,903
Reclassification Adjustment Income Tax Expense (Benefit)	$ 17,523	$ 6,483

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	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, 2018	$ 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	1,372,249	0	0	1,372,249
Other comprehensive income	0	0	0	0	1,897,624	1,897,624
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2019	$ 1	12,750,999	78,852,567	0	(2,480,662)	89,122,905
Shares, Outstanding, Ending Balance at Mar. 31, 2019	100
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2019	$ 135,266	132,601,876	70,111,434	(14,400,386)	(660,744)	187,787,446
Shares, Outstanding, Beginning Balance at Dec. 31, 2019	13,526,625
Net Income (Loss)	$ 0	0	2,452,146	0	0	2,452,146
Other comprehensive income	0	0	0	0	2,769,975	2,769,975
ESOP shares earned	0	2,858	0	183,829	0	186,687
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2020	$ 135,266	$ 132,604,734	$ 72,563,580	$ (14,216,557)	$ 2,109,231	$ 193,196,254
Shares, Outstanding, Ending Balance at Mar. 31, 2020	13,526,625

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net income	$ 2,452,146	$ 1,372,249
Items not requiring (providing) cash
Provision for loan losses	210,000	525,000
Depreciation and amortization	238,330	233,529
Deferred income tax	(84,000)	(361,000)
Investment securities (accretion) amortization, net	486,500	123,814
Investment securities gains	(69,139)	(24,806)
Gain on sale of loans and leases held for sale	(228,208)	(87,225)
Accretion of loan origination fees	(38,827)	(40,049)
Amortization of mortgage-servicing rights	67,132	32,833
ESOP shares expense	186,687	0
Increase in cash surrender value of life insurance	(30,106)	(29,548)
Loans originated for sale	(6,807,172)	(3,468,463)
Proceeds on loans sold	8,147,368	3,342,763
Net change in
Interest receivable	(195,661)	(19,196)
Other assets	354,702	1,265,581
Other liabilities	26,550	(1,309,293)
Interest payable	53,692	105,898
Net cash provided by operating activities	4,769,994	1,662,087
Investing Activities
Purchases of securities available for sale	(70,744,743)	(12,886,237)
Proceeds from maturities and paydowns of securities available for sale	25,505,906	2,068,535
Proceeds from sales of securities available for sale	11,461,388	11,467,522
Proceeds from maturities and paydowns of securities held to maturity	2,140,036	1,320,000
Net change in loans	(1,169,710)	(17,599,648)
Purchases of premises and equipment	(158,241)	(191,206)
Purchase of FHLB stock	(1,030,400)	(404,900)
Net cash used in investing activities	(33,995,764)	(16,225,934)
Financing Activities
Demand and savings deposits	(8,410,494)	13,720,129
Certificates of deposit	(3,572,941)	7,726,151
Advances by borrowers for taxes and insurance	68,073	89,384
Proceeds from FHLB advances	30,000,000	37,000,000
Repayment of FHLB advances	(2,000,000)	(28,000,000)
Net cash provided by financing activities	16,084,638	30,535,664
Net Change in Cash and Cash Equivalents	(13,141,132)	15,971,817
Cash and Cash Equivalents, Beginning of Period	40,596,877	14,971,170
Cash and Cash Equivalents, End of Period	27,455,745	30,942,987
Additional Cash Flows and Supplementary Information
Interest paid	2,510,347	2,531,064
Transfers from loans to other real estate owned	$ 31,548	$ 0

Note 1_ Nature of Operations an

Note 1: Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Notes
Note 1: Nature of Operations and Summary of Significant Accounting Policies	Note 1: Basis of Presentation On July 1, 2019, Richmond Mutual Bancorporation, Inc., a Delaware corporation (“RMB-Delaware”), completed its reorganization from a mutual holding company form of organization to a stock form of organization (“corporate reorganization”). RMB-Delaware, which owned 100% of First Bank Richmond (the “Bank”), was succeeded by Richmond Mutual Bancorporation, Inc., a new Maryland corporation (“the Company”). As part of the corporate reorganization, First Mutual of Richmond, Inc.’s (“MHC”) ownership interest in RMB-Delaware was sold in a public offering. Gross proceeds from the offering were $130.3 million. 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”). Additionally, a “liquidation account” was established for the benefit of certain depositors of the Bank in an amount equal to MHC’s ownership interest in the retained earnings of RMB-Delaware as of December 31, 2017 and March 31, 2019. The costs of the corporate reorganization and the issuance of the common stock have been deducted from the sales proceeds of the offering. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or note disclosures necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Accordingly, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”) on March 30, 2020 (SEC File No. 001-38956). 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 and for the three months ended March 31, 2020 and 2019 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. 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 occurring post-corporate reorganization, in each case unless the context indicates another meaning. Loans For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The Company charges off residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance, which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value, less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 90 days past due, and charge down to the net realizable value when other secured loans are 90 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months.

Note 2_ Accounting Pronouncemen

Note 2: Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Notes
Note 2: Accounting Pronouncements	Note 2: Accounting Pronouncements The JOBS Act, which was enacted in April 2012, has made numerous changes to the federal securities laws to facilitate access to capital markets. Under the JOBS Act, a company with total annual gross revenues of less than $1.07 billion during its most recently completed fiscal year qualifies as an “emerging growth company.” The Company qualifies as and has elected to be an emerging growth company under the JOBS Act. An emerging growth company may elect to comply with new or amended accounting pronouncements in the same manner as a private company, but must make such election when the company is first required to file a registration statement. Such an election is irrevocable during the period a company is an emerging growth company. The Company has elected to comply with new or amended accounting pronouncements in the same manner as a private company. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326). The ASU is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In May 2019, the FASB issued ASU No. 2019-05, “Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief” (ASU 2019-05). This ASU provides transition relief for entities adopting the FASB’s credit losses standard, ASU 2016-13 and allows companies to irrevocably elect, upon adoption of ASU 2016-13, the fair value option for certain financial instruments. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (ASU 2019-04). This ASU clarifies certain aspects of accounting for credit losses, hedging activities, and financial instruments. The amendments in these ASUs are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, assuming the adoption of an ASU implementing the FASB board decision in November 2019 extending the adoption date for certain registrants, including the Company, with early adoption permitted. The Company is evaluating its current expected loss methodology on the loan and investment portfolios to identify the necessary modifications in accordance with this standard. The Company has not quantified the impact of these ASUs. The Company is in the early stages of evaluating its historical data available for use in adoption of the new credit loss standards. Additionally, we are forming an implementation team that will meet on a regular basis to coordinate efforts of our accounting, credit and operations areas. We will continue to evaluate methodologies available to us under the new standard. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of reference Rate Reform on Financial Reporting. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The FASB has issued ASU No. 2016-02, Leases (Topic 842). Under the new guidance, lessees will be required to recognize the following for all leases, with the exception of short-term leases, at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. For the Company, the amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2020. Based on leases outstanding as of December 31, 2019, the new standard will not have a material impact on the Company’s balance sheet or income statement. We will begin evaluating the current leases and their respective lease term and conditions to quantify the potential impact to our financial statements upon adoption. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842), Targeted Improvements, which provide entities with an additional (and optional) transition method to adopt the new lease standard. Under this new transition method, an entity initially applies the new lease standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new lease standard will continue to be in accordance with current GAAP (Topic 842, Leases). The amendments in ASU 2018-11 also provide lessors with a practical expedient, by class of underlying asset, to not separate non-lease components from the associated lease component and, instead, to account for those components as a single component if the non-lease components otherwise would be accounted for under the new revenue guidance (Topic 606) and certain criteria are met.

Note 3_ Investment Securities

Note 3: Investment Securities	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale SBA Pools $ 24,867 $ — $ 210 $ 24,657 Federal agencies 11,519 35 11 11,543 State and municipal obligations 53,631 644 320 53,954 Mortgage-backed securities – government-sponsored enterprises (GSE) residential 146,013 2,789 79 148,724 Equity securities 13 — — 13 236,043 3,468 620 238,891 Held to maturity State and municipal obligations 13,770 209 5 13,974 13,770 209 5 13,974 Total investment securities $ 249,813 $ 3,677 $ 625 $ 252,865 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale U.S. Treasury securities $ 2,997 $ — $ 6 $ 2,991 SBA Pools 14,497 — 114 14,383 Federal agencies 21,765 — 119 21,646 State and municipal obligations 45,635 357 152 45,840 Mortgage-backed securities – government-sponsored enterprises (GSE) residential 117,769 111 969 116,911 Equity securities 13 — — 13 202,676 468 1,360 201,784 Held to maturity State and municipal obligations 15,917 244 5 16,156 15,917 244 5 16,156 Total investment securities $ 218,593 $ 712 $ 1,365 $ 217,940 The amortized cost and fair value of securities at March 31, 2020, 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 $ 483 $ 484 $ 2,629 $ 2,485 One to five years 8,074 7,054 7,911 8,164 Five to ten years 35,085 35,145 2,170 2,246 After ten years 46,375 47,471 1,060 1,079 90,017 90,154 13,770 13,974 Mortgage-backed securities – GSE residential 146,013 148,724 — — Equity securities 13 13 — — Totals $ 236,043 $ 238,891 $ 13,770 $ 13,974 Securities with a carrying value of $149,743,000 and $114,907,000 were pledged at March 31, 2020 and December 31, 2019, 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 months ended March 31, 2020 and 2019 were $11,461,388 and $11,467,522, respectively. Gross gains were recognized on the sale of securities available-for-sale for the three months ended March 31, 2020 and 2019 of $74,000 and $25,000, respectively. Gross losses were recognized on the sale of securities available for sale for the three months ended March 31, 2020 and 2019 of $5,000 and $0, respectively. 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 March 31, 2020 and December 31, 2019 and was $54,643,000 and $138,391,000, which is approximately 21% and 63%, 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 March 31, 2020 and December 31, 2019: March 31, 2020 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 SBA Pools $ 21,562 $ 210 $ — $ — $ 21,562 $ 210 Federal agencies 4,243 11 — — 4,243 11 State and municipal obligations 14,684 316 821 4 15,505 320 Mortgage-backed securities – GSE residential 11,212 75 1,312 4 12,524 79 Total available-for-sale 51,701 612 2,133 8 53,834 620 Held-to-maturity State and municipal obligations 171 — 638 5 809 5 Total temporarily impaired securities $ 51,872 $ 612 $ 2,771 $ 13 $ 54,643 $ 625 December 31, 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 $ 2,991 $ 6 $ — $ — $ 2,991 $ 6 SBA Pools 14,262 114 — — 14,262 114 Federal agencies 9,657 109 2,990 10 12,647 119 State and municipal obligations 12,606 130 2,948 22 15,554 152 Mortgage-backed securities – GSE residential 57,928 464 34,344 505 92,272 969 Total available-for-sale 97,444 823 40,282 537 137,726 1,360 Held-to-maturity State and municipal obligations 665 5 — — 665 5 Total temporarily impaired securities $ 98,109 $ 828 $ 40,282 $ 537 $ 138,391 $ 1,365 Federal Agencies. Mortgage-Backed Securities – GSE Residential and SBA Pools. State and Municipal Obligations.

Note 4_ Loans, Leases and Allow

Note 4: Loans, Leases and Allowance	3 Months Ended
	Mar. 31, 2020
Notes
Note 4: Loans, Leases and Allowance	Note 4: Loans, Leases and Allowance Categories of loans at March 31, 2020 and December 31, 2019 include: March 31, December 31, 2020 2019 Commercial mortgage $ 238,878 $ 229,410 Commercial and industrial 76,002 84,549 Construction and development 58,051 53,426 Multi-family 58,101 66,002 Residential mortgage 132,662 131,294 Home equity 6,606 6,996 Direct financing leases 111,691 109,592 Consumer 12,828 13,534 694,819 694,803 Less Allowance for loan and lease losses 7,306 7,089 Deferred loan fees 459 456 $ 687,054 $ 687,258 The following tables present the activity in the allowance for loan and lease losses for the three months ended March 31, 2020 and 2019. Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended March 31, 2020: Balance, beginning of period $ 4,564 $ 1,852 $ 109 $ 426 $ 138 $ 7,089 Provision (credit) for losses 72 (87 ) 38 190 (4 ) 210 Charge-offs — — (15 ) (55 ) (5 ) (75 ) Recoveries 32 7 16 22 6 82 Balance, end of period $ 4,668 $ 1,772 $ 148 $ 583 $ 135 $ 7,306 Three Months Ended March 31, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision (credit) for losses 269 221 (37 ) 38 34 525 Charge-offs — (250 ) (2 ) (82 ) (34 ) (368 ) Recoveries 4 2 17 47 9 79 Balance, end of period $ 3,420 $ 1,790 $ 117 $ 392 $ 117 $ 5,836 The following tables present the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on portfolio segment and impairment method as of March 31, 2020 and December 31, 2019: March 31, 2020 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 202 $ — $ — $ — $ 202 Collectively evaluated for impairment 4,668 1,570 148 583 135 7,104 Balance, March 31 $ 4,668 $ 1,772 $ 148 $ 583 $ 135 $ 7,306 Loans and leases: Individually evaluated for impairment $ 792 $ 673 $ 306 $ — $ — $ 1,771 Collectively evaluated for impairment 378,709 72,378 112,860 111,691 17,410 693,048 Ending balance: March 31 $ 379,501 $ 73,051 $ 113,166 $ 111,691 $ 17,410 $ 694,819 December 31, 2019 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 202 $ — $ — $ — $ 202 Collectively evaluated for impairment 4,564 1,650 109 426 138 6,887 Balance, December 31 $ 4,564 $ 1,852 $ 109 $ 426 $ 138 $ 7,089 Loans and leases: Individually evaluated for impairment $ 803 $ 694 $ 347 $ — $ — $ 1,844 Collectively evaluated for impairment 377,494 73,920 114,061 109,592 17,892 692,959 Ending balance: December 31 $ 378,297 $ 74,614 $ 114,408 $ 109,592 $ 17,892 $ 694,803 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 effected 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 and lease portfolio based on rating category and payment activity as of March 31, 2020 and December 31, 2019: March 31, 2020 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 229,760 $ 68,932 $ 58,051 $ 58,101 $ 129,702 $ 6,344 $ 111,499 $ 12,653 $ 675,042 5 Special Mention 7,452 4,107 -— — 183 64 — — 11,806 6 Substandard 1,666 2,963 — — 2,777 198 131 175 7,910 7 Doubtful — — — — — — 61 — 61 8 Loss — — — — — — — — — $ 238,878 $ 76,002 $ 58,051 $ 58,101 $ 132,662 $ 6,606 $ 111,691 $ 12,828 $ 694,819 December 31, 2019 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 220,240 $ 75,814 $ 53,426 $ 66,002 $ 127,888 $ 6,871 $ 109,424 $ 13,519 $ 673,184 5 Special Mention 7,489 5,731 — — 189 64 — — 13,473 6 Substandard 1,681 3,004 — — 3,217 61 94 15 8,072 7 Doubtful — — — — — — 74 — 74 8 Loss — — — — — — — — — $ 229,410 $ 84,549 $ 53,426 $ 66,002 $ 131,294 $ 6,996 $ 109,592 $ 13,534 $ 694,803 The following tables present the Company’s loan and lease portfolio aging analysis of the recorded investment in loans and leases as of March 31, 2020 and December 31, 2019: March 31, 2020 Total Total Loans Delinquent Loans Portfolio and Leases 30-59 Days 60-89 Days 90 Days and Total Past Loans and > 90 Days Past Due Past Due Over Due Current Leases Accruing Commercial mortgage $ 78 $ 462 $ 401 $ 941 $ 237,937 $ 238,878 $ 217 Commercial and industrial 91 193 424 708 75,294 76,002 424 Construction and development — — — — 58,051 58,051 — Multi-family — 1,047 — 1,047 57,054 58,101 — Residential mortgage 908 322 2,241 3,471 129,191 132,662 2,048 Home equity 57 — 154 211 6,395 6,606 154 Leases 276 — 73 349 111,342 111,691 73 Consumer 80 22 175 277 12,551 12,828 175 Totals $ 1,490 $ 2,046 $ 3,468 $ 7,004 $ 687,815 $ 694,819 $ 3,091 December 31, 2019 Total Total Loans Delinquent Loans Portfolio and Leases 30-59 Days 60-89 Days 90 Days and Total Past Loans and > 90 Days Past Due Past Due Over Due Current Leases Accruing Commercial mortgage $ 217 $ — $ 184 $ 401 $ 229,009 $ 229,410 $ — Commercial and industrial 220 1,092 438 1,750 82,799 84,549 3 Construction and development — 257 249 506 52,920 53,426 249 Multi-family — — — — 66,002 66,002 — Residential mortgage 762 240 2,452 3,454 127,840 131,294 2,256 Home equity 189 36 15 240 6,756 6,996 15 Leases 108 29 79 216 109,376 109,592 49 Consumer 271 35 15 321 13,213 13,534 15 Totals $ 1,767 $ 1,689 $ 3,432 $ 6,888 $ 687,915 $ 694,803 $ 2,587 The following tables present the Company’s impaired loans and specific valuation allowance at March 31, 2020 and December 31, 2019: March 31, 2020 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 792 $ 872 $ — Commercial and industrial 422 791 — Residential mortgage 306 559 — $ 1,520 $ 2,222 $ — Loans with a specific valuation allowance Commercial and industrial $ 251 $ 259 $ 202 $ 251 $ 259 $ 202 Total impaired loans Commercial mortgage $ 792 $ 872 $ — Commercial and industrial 673 1,050 202 Residential mortgage 306 559 — Total impaired loans $ 1,771 $ 2,481 $ 202 December 31, 2019 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 803 $ 1,256 $ — Commercial and industrial 435 3,220 — Residential mortgage 347 614 — $ 1,585 $ 5,090 $ — Loans with a specific valuation allowance Commercial and industrial $ 259 $ 266 $ 202 $ 259 $ 266 $ 202 Total impaired loans Commercial mortgage $ 803 $ 1,256 $ — Commercial and industrial 694 3,486 202 Residential mortgage 347 614 — Total impaired loans $ 1,844 $ 5,356 $ 202 The following tables present the Company’s average investment in impaired loans and interest income recognized for the three months ended March 31, 2020 and 2019. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended March 31, 2020: Total impaired loans Commercial mortgage $ 797 $ 7 Commercial and industrial 684 14 Residential mortgage 326 5 Total impaired loans $ 1,807 $ 26 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended March 31, 2019: Total impaired loans Commercial mortgage $ 728 $ 15 Commercial and industrial 1,043 10 Residential mortgage 386 4 Total impaired loans $ 2,157 $ 29 The following table presents the Company’s nonaccrual loans and leases at March 31, 2020 and December 31, 2019: March 31, December 31, 2020 2019 Commercial mortgage $ 330 $ 342 Commercial and industrial 480 494 Residential mortgage 305 315 Leases 61 74 $ 1,176 $ 1,225 During the three months ended March 31, 2020 and 2019, there were no newly classified troubled debt restructured loans or leases (“TDRs”). For the three months ended March 31, 2020 and 2019, the Company recorded no charge-offs related to TDRs. As of March 31, 2020 and December 31, 2019, TDRs had a related allowance of $52,000. During the three months ended March 31, 2020, there were no TDRs for which there was a payment default within the first 12 months of the modification. The Coronavirus Aid, Relief, and Economic Security Act of 2020 ("CARES Act") provided guidance around the modification of loans as a result of the COVID-19 pandemic, which outlined, among other criteria, that short-term modifications made on a good faith basis to borrowers who were current as defined under the CARES Act prior to any relief, are not TDRs. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers are considered current under the CARES Act if they are less than 30 days past due on their contractual payments at the time a modification program is implemented. At March 31, 2020 and December 31, 2019, the balance of real estate owned includes $32,000 and $0, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At March 31, 2020 and December 31, 2019, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceeds were in process was $159,000 and $190,000, respectively. The following lists the components of the net investment in direct financing leases: March 31, December 31, 2020 2019 Total minimum lease payments to be received $ 123,152 $ 120,570 Initial direct costs 5,804 5,720 128,956 126,290 Less: Unearned income (17,265 ) (16,698 ) Net investment in direct finance leases $ 111,691 $ 109,592 The amount of leases serviced by First Bank Richmond for the benefit of others was approximately $507,000 and $715,000 at March 31, 2020 and December 31, 2019, respectively. Additionally, certain leases have been sold with partial recourse. First Bank Richmond estimates and records its obligation based upon historical loss percentages. At March 31, 2020 and December 31, 2019, First Bank Richmond has recorded a recourse obligation on leases sold with recourse of $0, and has a maximum exposure of $411,000 and $411,000, respectively, for these leases. The following table summarizes the future minimum lease payments receivable subsequent to March 31, 2020: 2020 $ 35,114 2021 39,360 2022 26,220 2023 14,987 2024 6,758 Thereafter 713 $ 123,152

Note 5_ Fair Values of Financia

Note 5: Fair Values of Financial Instruments	3 Months Ended
	Mar. 31, 2020
Notes
Note 5: Fair Values 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 Level 2 Level 3 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 March 31, 2020 and December 31, 2019: 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) March 31, 2020 Available-for-sale securities SBA Pools $ 24,657 $ — $ 24,657 $ — Federal agencies 11,543 — 11,543 — State and municipal obligations 53,954 — 53,954 — Mortgage-backed securities - GSE residential 148,724 — 148,724 — Equity securities 13 13 — — $ 238,891 $ 13 $ 238,878 $ — 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, 2019 Available-for-sale securities U.S. Treasury securities $ 2,991 $ — $ 2,991 $ — SBA Pools 14,383 — 14,383 — Federal agencies 21,646 — 21,646 — State and municipal obligations 45,840 — 45,840 — Mortgage-backed securities - GSE residential 116,911 — 116,911 — Equity securities 13 13 — — $ 201,784 $ 13 $ 201,771 $ — 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 months ended March 31, 2020. 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 March 31, 2020 and December 31, 2019: 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) March 31, 2020 Impaired loans, collateral dependent $ 49 $ — $ — $ 49 Mortgage-servicing rights 911 — — 911 December 31, 2019 Impaired loans, collateral dependent $ 57 $ — $ — $ 57 Mortgage-servicing rights 1,033 — — 1,033 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 March 31, 2020 and December 31, 2019: Fair Value at March 31, Valuation Unobservable 2020 Technique Inputs Range Collateral-dependent $49 Appraisal Marketability 0% - 78% impaired loans discount Mortgage-servicing rights $911 Discounted cash flow Discount rate 10% Fair Value at December 31, Valuation Unobservable 2019 Technique Inputs Range Collateral-dependent $57 Appraisal Marketability 0% - 75% impaired loans discount Mortgage-servicing rights $1,033 Discounted cash flow Discount rate 10% Fair Value of Financial Instruments The following tables present estimated fair values of the Company’s financial instruments at March 31, 2020 and December 31, 2019. 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) March 31, 2020 Financial assets Cash and cash equivalents $ 27,456 $ 12,456 $ - $ - Available-for-sale securities 238,891 13 238,878 - Held-to-maturity securities 13,770 - 13,974 - Loans and leases receivable, net 687,054 - — 702,681 Federal Reserve and FHLB stock 8,631 - 8,631 - Interest receivable 3,248 - 3,248 - Financial liabilities Deposits 605,235 - 609,100 - FHLB advances 182,000 - 189,200 - Interest payable 350 - 350 - 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, 2019 Financial assets Cash and cash equivalents $ 40,597 $ 40,597 $ - $ - Available-for-sale securities 201,784 13 201,771 - Held-to-maturity securities 15,917 - 16,156 - Loans and leases receivable, net 687,258 - - 687,789 Federal Reserve and FHLB stock 7,600 - 7,600 - Interest receivable 3,052 - 3,052 - Financial liabilities Deposits 617,219 - 619,635 - FHLB advances 154,000 - 155,304 - Interest payable 297 - 297 -

Note 6_ Earnings per Share

Note 6: Earnings per Share	3 Months Ended
	Mar. 31, 2020
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: Three Months Ended March 31, 2020 Net income $ 2,452,146 Shares outstanding for Basic EPS: Average shares outstanding 13,526,625 Less: average unearned ESOP Shares 1,059,419 Shares outstanding for Basic EPS 12,467,206 Additional Dilutive Shares — Shares outstanding for Diluted EPS 12,467,206 Basic Earnings Per Share $ 0.20 Diluted Earnings Per Share $ 0.20

Note 7_ Employee Stock Ownershi

Note 7: Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 was $187,000. March 31, 2020 Earned ESOP shares 22,545 Unearned ESOP shares 1,059,585 Total ESOP shares 1,082,130 Quoted per share price $ 10.22 Fair value of earned shares $ 230,410 Fair value of unearned shares $ 10,828,959

Note 8_ Subsequent Event

Note 8: Subsequent Event	3 Months Ended
	Mar. 31, 2020
Notes
Note 8: Subsequent Event	Note 8: Subsequent Event The spread of COVID-19 and the ensuing pandemic has caused significant economic disruption throughout the global economy, including the states and municipalities which constitute the Company’s market area. The potential financial impact is unknown at this time. Prolonged economic disruption will likely affect the ability of the Company’s customers to make timely payments on their loans. It may also have an adverse effect on the collateral values securing customers’ loan obligations. This may negatively impact the Company’s operations, results of operations, and financial condition.

Note 3_ Investment Securities_

Note 3: Investment Securities: Marketable Securities, Policy (Policies)	3 Months Ended
	Mar. 31, 2020
Policies
Marketable Securities, Policy	Securities with a carrying value of $149,743,000 and $114,907,000 were pledged at March 31, 2020 and December 31, 2019, 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 months ended March 31, 2020 and 2019 were $11,461,388 and $11,467,522, respectively. Gross gains were recognized on the sale of securities available-for-sale for the three months ended March 31, 2020 and 2019 of $74,000 and $25,000, respectively. Gross losses were recognized on the sale of securities available for sale for the three months ended March 31, 2020 and 2019 of $5,000 and $0, respectively. 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 March 31, 2020 and December 31, 2019 and was $54,643,000 and $138,391,000, which is approximately 21% and 63%, 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
	Mar. 31, 2020
Policies
Federal Agencies and U.S. Treasury Securities Policy	Federal Agencies.

Note 3_ Investment Securities_3

Note 3: Investment Securities: Mortgage-Backed Securities - GSE Residential and SBA Pools (Policies)	3 Months Ended
	Mar. 31, 2020
Policies
Mortgage-Backed Securities - GSE Residential and SBA Pools	Mortgage-Backed Securities – GSE Residential and SBA Pools.

Note 3_ Investment Securities_4

Note 3: Investment Securities: State and Municipal Obligations Policy (Policies)	3 Months Ended
	Mar. 31, 2020
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
	Mar. 31, 2020
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 effected 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
	Mar. 31, 2020
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
	Mar. 31, 2020
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
	Mar. 31, 2020
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
	Mar. 31, 2020
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: Troubled Debt Restructuring (Policies)	3 Months Ended
	Mar. 31, 2020
Policies
Troubled Debt Restructuring	During the three months ended March 31, 2020 and 2019, there were no newly classified troubled debt restructured loans or leases (“TDRs”). For the three months ended March 31, 2020 and 2019, the Company recorded no charge-offs related to TDRs. As of March 31, 2020 and December 31, 2019, TDRs had a related allowance of $52,000. During the three months ended March 31, 2020, there were no TDRs for which there was a payment default within the first 12 months of the modification.

Note 4_ Loans, Leases and All_8

Note 4: Loans, Leases and Allowance: Real Estate Owned and Foreclosed Real Estate Policy (Policies)	3 Months Ended
	Mar. 31, 2020
Policies
Real Estate Owned and Foreclosed Real Estate Policy	At March 31, 2020 and December 31, 2019, the balance of real estate owned includes $32,000 and $0, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At March 31, 2020 and December 31, 2019, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceeds were in process was $159,000 and $190,000, respectively.

Note 8_ Subsequent Event_ COVID

Note 8: Subsequent Event: COVID-19 Policy (Policies)	3 Months Ended
	Mar. 31, 2020
Policies
COVID-19 Policy	The spread of COVID-19 and the ensuing pandemic has caused significant economic disruption throughout the global economy, including the states and municipalities which constitute the Company’s market area. The potential financial impact is unknown at this time. Prolonged economic disruption will likely affect the ability of the Company’s customers to make timely payments on their loans. It may also have an adverse effect on the collateral values securing customers’ loan obligations. This may negatively impact the Company’s operations, results of operations, and financial condition.

Note 3_ Investment Securities_5

Note 3: Investment Securities: Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Marketable Securities	March 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale SBA Pools $ 24,867 $ — $ 210 $ 24,657 Federal agencies 11,519 35 11 11,543 State and municipal obligations 53,631 644 320 53,954 Mortgage-backed securities – government-sponsored enterprises (GSE) residential 146,013 2,789 79 148,724 Equity securities 13 — — 13 236,043 3,468 620 238,891 Held to maturity State and municipal obligations 13,770 209 5 13,974 13,770 209 5 13,974 Total investment securities $ 249,813 $ 3,677 $ 625 $ 252,865 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale U.S. Treasury securities $ 2,997 $ — $ 6 $ 2,991 SBA Pools 14,497 — 114 14,383 Federal agencies 21,765 — 119 21,646 State and municipal obligations 45,635 357 152 45,840 Mortgage-backed securities – government-sponsored enterprises (GSE) residential 117,769 111 969 116,911 Equity securities 13 — — 13 202,676 468 1,360 201,784 Held to maturity State and municipal obligations 15,917 244 5 16,156 15,917 244 5 16,156 Total investment securities $ 218,593 $ 712 $ 1,365 $ 217,940

Note 3_ Investment Securities_6

Note 3: Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	3 Months Ended
	Mar. 31, 2020
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 $ 483 $ 484 $ 2,629 $ 2,485 One to five years 8,074 7,054 7,911 8,164 Five to ten years 35,085 35,145 2,170 2,246 After ten years 46,375 47,471 1,060 1,079 90,017 90,154 13,770 13,974 Mortgage-backed securities – GSE residential 146,013 148,724 — — Equity securities 13 13 — — Totals $ 236,043 $ 238,891 $ 13,770 $ 13,974

Note 3_ Investment Securities_7

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Unrealized Gain (Loss) on Investments	March 31, 2020 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 SBA Pools $ 21,562 $ 210 $ — $ — $ 21,562 $ 210 Federal agencies 4,243 11 — — 4,243 11 State and municipal obligations 14,684 316 821 4 15,505 320 Mortgage-backed securities – GSE residential 11,212 75 1,312 4 12,524 79 Total available-for-sale 51,701 612 2,133 8 53,834 620 Held-to-maturity State and municipal obligations 171 — 638 5 809 5 Total temporarily impaired securities $ 51,872 $ 612 $ 2,771 $ 13 $ 54,643 $ 625 December 31, 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 $ 2,991 $ 6 $ — $ — $ 2,991 $ 6 SBA Pools 14,262 114 — — 14,262 114 Federal agencies 9,657 109 2,990 10 12,647 119 State and municipal obligations 12,606 130 2,948 22 15,554 152 Mortgage-backed securities – GSE residential 57,928 464 34,344 505 92,272 969 Total available-for-sale 97,444 823 40,282 537 137,726 1,360 Held-to-maturity State and municipal obligations 665 5 — — 665 5 Total temporarily impaired securities $ 98,109 $ 828 $ 40,282 $ 537 $ 138,391 $ 1,365

Note 4_ Loans, Leases and All_9

Note 4: Loans, Leases and Allowance: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	March 31, December 31, 2020 2019 Commercial mortgage $ 238,878 $ 229,410 Commercial and industrial 76,002 84,549 Construction and development 58,051 53,426 Multi-family 58,101 66,002 Residential mortgage 132,662 131,294 Home equity 6,606 6,996 Direct financing leases 111,691 109,592 Consumer 12,828 13,534 694,819 694,803 Less Allowance for loan and lease losses 7,306 7,089 Deferred loan fees 459 456 $ 687,054 $ 687,258

Note 4_ Loans, Leases and Al_10

Note 4: Loans, Leases and Allowance: Financing Receivable, Allowance for Credit Loss (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Financing Receivable, Allowance for Credit Loss	Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Three Months Ended March 31, 2020: Balance, beginning of period $ 4,564 $ 1,852 $ 109 $ 426 $ 138 $ 7,089 Provision (credit) for losses 72 (87 ) 38 190 (4 ) 210 Charge-offs — — (15 ) (55 ) (5 ) (75 ) Recoveries 32 7 16 22 6 82 Balance, end of period $ 4,668 $ 1,772 $ 148 $ 583 $ 135 $ 7,306 Three Months Ended March 31, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision (credit) for losses 269 221 (37 ) 38 34 525 Charge-offs — (250 ) (2 ) (82 ) (34 ) (368 ) Recoveries 4 2 17 47 9 79 Balance, end of period $ 3,420 $ 1,790 $ 117 $ 392 $ 117 $ 5,836 The following tables present the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on portfolio segment and impairment method as of March 31, 2020 and December 31, 2019: March 31, 2020 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 202 $ — $ — $ — $ 202 Collectively evaluated for impairment 4,668 1,570 148 583 135 7,104 Balance, March 31 $ 4,668 $ 1,772 $ 148 $ 583 $ 135 $ 7,306 Loans and leases: Individually evaluated for impairment $ 792 $ 673 $ 306 $ — $ — $ 1,771 Collectively evaluated for impairment 378,709 72,378 112,860 111,691 17,410 693,048 Ending balance: March 31 $ 379,501 $ 73,051 $ 113,166 $ 111,691 $ 17,410 $ 694,819 December 31, 2019 Commercial Commercial and Residential Mortgage Industrial Mortgage Leases Consumer Total Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 202 $ — $ — $ — $ 202 Collectively evaluated for impairment 4,564 1,650 109 426 138 6,887 Balance, December 31 $ 4,564 $ 1,852 $ 109 $ 426 $ 138 $ 7,089 Loans and leases: Individually evaluated for impairment $ 803 $ 694 $ 347 $ — $ — $ 1,844 Collectively evaluated for impairment 377,494 73,920 114,061 109,592 17,892 692,959 Ending balance: December 31 $ 378,297 $ 74,614 $ 114,408 $ 109,592 $ 17,892 $ 694,803

Note 4_ Loans, Leases and Al_11

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Financing Receivable Credit Quality Indicators	March 31, 2020 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 229,760 $ 68,932 $ 58,051 $ 58,101 $ 129,702 $ 6,344 $ 111,499 $ 12,653 $ 675,042 5 Special Mention 7,452 4,107 -— — 183 64 — — 11,806 6 Substandard 1,666 2,963 — — 2,777 198 131 175 7,910 7 Doubtful — — — — — — 61 — 61 8 Loss — — — — — — — — — $ 238,878 $ 76,002 $ 58,051 $ 58,101 $ 132,662 $ 6,606 $ 111,691 $ 12,828 $ 694,819 December 31, 2019 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 220,240 $ 75,814 $ 53,426 $ 66,002 $ 127,888 $ 6,871 $ 109,424 $ 13,519 $ 673,184 5 Special Mention 7,489 5,731 — — 189 64 — — 13,473 6 Substandard 1,681 3,004 — — 3,217 61 94 15 8,072 7 Doubtful — — — — — — 74 — 74 8 Loss — — — — — — — — — $ 229,410 $ 84,549 $ 53,426 $ 66,002 $ 131,294 $ 6,996 $ 109,592 $ 13,534 $ 694,803

Note 4_ Loans, Leases and Al_12

Note 4: Loans, Leases and Allowance: Schedule of Loans Classified by Aging Analysis (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Schedule of Loans Classified by Aging Analysis	March 31, 2020 Total Total Loans Delinquent Loans Portfolio and Leases 30-59 Days 60-89 Days 90 Days and Total Past Loans and > 90 Days Past Due Past Due Over Due Current Leases Accruing Commercial mortgage $ 78 $ 462 $ 401 $ 941 $ 237,937 $ 238,878 $ 217 Commercial and industrial 91 193 424 708 75,294 76,002 424 Construction and development — — — — 58,051 58,051 — Multi-family — 1,047 — 1,047 57,054 58,101 — Residential mortgage 908 322 2,241 3,471 129,191 132,662 2,048 Home equity 57 — 154 211 6,395 6,606 154 Leases 276 — 73 349 111,342 111,691 73 Consumer 80 22 175 277 12,551 12,828 175 Totals $ 1,490 $ 2,046 $ 3,468 $ 7,004 $ 687,815 $ 694,819 $ 3,091 December 31, 2019 Total Total Loans Delinquent Loans Portfolio and Leases 30-59 Days 60-89 Days 90 Days and Total Past Loans and > 90 Days Past Due Past Due Over Due Current Leases Accruing Commercial mortgage $ 217 $ — $ 184 $ 401 $ 229,009 $ 229,410 $ — Commercial and industrial 220 1,092 438 1,750 82,799 84,549 3 Construction and development — 257 249 506 52,920 53,426 249 Multi-family — — — — 66,002 66,002 — Residential mortgage 762 240 2,452 3,454 127,840 131,294 2,256 Home equity 189 36 15 240 6,756 6,996 15 Leases 108 29 79 216 109,376 109,592 49 Consumer 271 35 15 321 13,213 13,534 15 Totals $ 1,767 $ 1,689 $ 3,432 $ 6,888 $ 687,915 $ 694,803 $ 2,587

Note 4_ Loans, Leases and Al_13

Note 4: Loans, Leases and Allowance: Impaired Financing Receivables (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Impaired Financing Receivables	March 31, 2020 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 792 $ 872 $ — Commercial and industrial 422 791 — Residential mortgage 306 559 — $ 1,520 $ 2,222 $ — Loans with a specific valuation allowance Commercial and industrial $ 251 $ 259 $ 202 $ 251 $ 259 $ 202 Total impaired loans Commercial mortgage $ 792 $ 872 $ — Commercial and industrial 673 1,050 202 Residential mortgage 306 559 — Total impaired loans $ 1,771 $ 2,481 $ 202 December 31, 2019 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 803 $ 1,256 $ — Commercial and industrial 435 3,220 — Residential mortgage 347 614 — $ 1,585 $ 5,090 $ — Loans with a specific valuation allowance Commercial and industrial $ 259 $ 266 $ 202 $ 259 $ 266 $ 202 Total impaired loans Commercial mortgage $ 803 $ 1,256 $ — Commercial and industrial 694 3,486 202 Residential mortgage 347 614 — Total impaired loans $ 1,844 $ 5,356 $ 202 The following tables present the Company’s average investment in impaired loans and interest income recognized for the three months ended March 31, 2020 and 2019. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended March 31, 2020: Total impaired loans Commercial mortgage $ 797 $ 7 Commercial and industrial 684 14 Residential mortgage 326 5 Total impaired loans $ 1,807 $ 26 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended March 31, 2019: Total impaired loans Commercial mortgage $ 728 $ 15 Commercial and industrial 1,043 10 Residential mortgage 386 4 Total impaired loans $ 2,157 $ 29

Note 4_ Loans, Leases and Al_14

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Financing Receivable, Nonaccrual	March 31, December 31, 2020 2019 Commercial mortgage $ 330 $ 342 Commercial and industrial 480 494 Residential mortgage 305 315 Leases 61 74 $ 1,176 $ 1,225

Note 4_ Loans, Leases and Al_15

Note 4: Loans, Leases and Allowance: Direct Financing Lease, Lease Income (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Direct Financing Lease, Lease Income	March 31, December 31, 2020 2019 Total minimum lease payments to be received $ 123,152 $ 120,570 Initial direct costs 5,804 5,720 128,956 126,290 Less: Unearned income (17,265 ) (16,698 ) Net investment in direct finance leases $ 111,691 $ 109,592

Note 4_ Loans, Leases and Al_16

Note 4: Loans, Leases and Allowance: Schedule of Future Minimum Lease Payments for Capital Leases (Tables)	Mar. 31, 2020
Tables/Schedules
Schedule of Future Minimum Lease Payments for Capital Leases	2020 $ 35,114 2021 39,360 2022 26,220 2023 14,987 2024 6,758 Thereafter 713 $ 123,152

Note 5_ Fair Values of Financ_2

Note 5: Fair Values of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2020
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) March 31, 2020 Available-for-sale securities SBA Pools $ 24,657 $ — $ 24,657 $ — Federal agencies 11,543 — 11,543 — State and municipal obligations 53,954 — 53,954 — Mortgage-backed securities - GSE residential 148,724 — 148,724 — Equity securities 13 13 — — $ 238,891 $ 13 $ 238,878 $ — 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, 2019 Available-for-sale securities U.S. Treasury securities $ 2,991 $ — $ 2,991 $ — SBA Pools 14,383 — 14,383 — Federal agencies 21,646 — 21,646 — State and municipal obligations 45,840 — 45,840 — Mortgage-backed securities - GSE residential 116,911 — 116,911 — Equity securities 13 13 — — $ 201,784 $ 13 $ 201,771 $ —

Note 5_ Fair Values of Financ_3

Note 5: Fair Values of Financial Instruments: Fair Value Measurements, Nonrecurring (Tables)	3 Months Ended
	Mar. 31, 2020
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) March 31, 2020 Impaired loans, collateral dependent $ 49 $ — $ — $ 49 Mortgage-servicing rights 911 — — 911 December 31, 2019 Impaired loans, collateral dependent $ 57 $ — $ — $ 57 Mortgage-servicing rights 1,033 — — 1,033

Note 5_ Fair Values of Financ_4

Note 5: Fair Values of Financial Instruments: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Fair Value at March 31, Valuation Unobservable 2020 Technique Inputs Range Collateral-dependent $49 Appraisal Marketability 0% - 78% impaired loans discount Mortgage-servicing rights $911 Discounted cash flow Discount rate 10% Fair Value at December 31, Valuation Unobservable 2019 Technique Inputs Range Collateral-dependent $57 Appraisal Marketability 0% - 75% impaired loans discount Mortgage-servicing rights $1,033 Discounted cash flow Discount rate 10%

Note 5_ Fair Values of Financ_5

Note 5: Fair Values of Financial Instruments: Schedule of Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Schedule of Fair Value 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) March 31, 2020 Financial assets Cash and cash equivalents $ 27,456 $ 12,456 $ - $ - Available-for-sale securities 238,891 13 238,878 - Held-to-maturity securities 13,770 - 13,974 - Loans and leases receivable, net 687,054 - — 702,681 Federal Reserve and FHLB stock 8,631 - 8,631 - Interest receivable 3,248 - 3,248 - Financial liabilities Deposits 605,235 - 609,100 - FHLB advances 182,000 - 189,200 - Interest payable 350 - 350 - 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, 2019 Financial assets Cash and cash equivalents $ 40,597 $ 40,597 $ - $ - Available-for-sale securities 201,784 13 201,771 - Held-to-maturity securities 15,917 - 16,156 - Loans and leases receivable, net 687,258 - - 687,789 Federal Reserve and FHLB stock 7,600 - 7,600 - Interest receivable 3,052 - 3,052 - Financial liabilities Deposits 617,219 - 619,635 - FHLB advances 154,000 - 155,304 - Interest payable 297 - 297 -

Note 6_ Earnings per Share_ Sch

Note 6: Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended March 31, 2020 Net income $ 2,452,146 Shares outstanding for Basic EPS: Average shares outstanding 13,526,625 Less: average unearned ESOP Shares 1,059,419 Shares outstanding for Basic EPS 12,467,206 Additional Dilutive Shares — Shares outstanding for Diluted EPS 12,467,206 Basic Earnings Per Share $ 0.20 Diluted Earnings Per Share $ 0.20

Note 7_ Employee Stock Owners_2

Note 7: Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Tables/Schedules
Employee Stock Ownership Plan (ESOP) Disclosures	March 31, 2020 Earned ESOP shares 22,545 Unearned ESOP shares 1,059,585 Total ESOP shares 1,082,130 Quoted per share price $ 10.22 Fair value of earned shares $ 230,410 Fair value of unearned shares $ 10,828,959

Note 3_ Investment Securities_8

Note 3: Investment Securities: Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities Investment
Investment Securities Amortized Cost	$ 249,813	$ 218,593
Investment Securities Gross Unrealized Gains	3,677	712
Investment Securities Gross Unrealized Losses	625	1,365
Investment Securities Fair Value	252,865	217,940
Available-for-sale Securities
Available-for-sale Securities, Amortized Cost Basis	236,043	202,676
Available-for-sale Securities, Gross Unrealized Gain	3,468	468
Available-for-sale Securities, Gross Unrealized Loss	620	1,360
Available for Sale Securities, Fair Value	238,891	201,784
Held-to-maturity Securities
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	13,770	15,917
Held to Maturity Securities Gross Unrealized Gains	209	244
Held to Maturity Securities Gross Unrealized Losses	5	5
Debt Securities, Held-to-maturity, Fair Value	13,974	16,156
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	146,013	117,769
Available-for-sale Securities, Gross Unrealized Gain	2,789	111
Available-for-sale Securities, Gross Unrealized Loss	79	969
Available for Sale Securities, Fair Value	148,724	116,911
Small Business Administration Pools
Available-for-sale Securities, Amortized Cost Basis	24,867	14,497
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	210	114
Available for Sale Securities, Fair Value	24,657	14,383
US Government Corporations and Agencies Securities
Available-for-sale Securities, Amortized Cost Basis	11,519	21,765
Available-for-sale Securities, Gross Unrealized Gain	35	0
Available-for-sale Securities, Gross Unrealized Loss	11	119
Available for Sale Securities, Fair Value	11,543	21,646
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Amortized Cost Basis	53,631	45,635
Available-for-sale Securities, Gross Unrealized Gain	644	357
Available-for-sale Securities, Gross Unrealized Loss	320	152
Available for Sale Securities, Fair Value	53,954	45,840
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	13,770	15,917
Held to Maturity Securities Gross Unrealized Gains	209	244
Held to Maturity Securities Gross Unrealized Losses	5	5
Debt Securities, Held-to-maturity, Fair Value	$ 13,974	16,156
US Treasury Securities
Available-for-sale Securities, Amortized Cost Basis		2,997
Available-for-sale Securities, Gross Unrealized Gain		0
Available-for-sale Securities, Gross Unrealized Loss		6
Available for Sale Securities, Fair Value		$ 2,991

Note 3_ Investment Securities_9

Note 3: Investment Securities: Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Mar. 31, 2020USD ($)
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	$ 483
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	484
Held to Maturity Securities Debt Maturities Within One Year Amortized Cost	2,629
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	2,485
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	8,074
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	7,054
Held to Maturity Securities Debt Maturities Within After one to Five Years Amortized Cost	7,911
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	8,164
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	35,085
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	35,145
Held to Maturity Securities Debt Maturities Within After Five to Ten Years Amortized Cost	2,170
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	2,246
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10	46,375
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	47,471
Held to Maturity Securities Debt Maturities Within After Ten Years Amortized Cost	1,060
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	1,079
Available for Sale Securities Contractual Maturity Amortized Cost	90,017
Available for Sale Securities Contractual Maturity Fair Value	90,154
Held to Maturity Securities Contractual Maturity Amortized Cost	13,770
Held to Maturity Securities Contractual Maturity Fair Value	13,974
Available-for-sale Securities
Available for Sale Securities Contractual Maturity Amortized Cost	236,043
Available for Sale Securities Contractual Maturity Fair Value	238,891
Held-to-maturity Securities
Held to Maturity Securities Contractual Maturity Amortized Cost	13,770
Held to Maturity Securities Contractual Maturity Fair Value	13,974
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	146,013
Available for Sale Securities Contractual Maturity Fair Value	148,724
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 ($)	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Details
Securities Pledged as Security, Carrying Value	$ 149,743,000		$ 149,743,000	$ 114,907,000
Proceeds from sales of securities available for sale			11,461,388	11,467,522
Available-for-sale Securities, Gross Realized Gains			74,000	25,000
Available-for-sale Securities, Gross Realized Losses			$ 5,000	$ 0
Investments Reported at Less Than Historical Cost, Fair Value	$ 54,643,000	$ 138,391,000
Investments Reported at Less Than Historical Cost as Percentage of Total Securities			21.00%	63.00%

Note 3_ Investment Securitie_11

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Temporarily Impaired Securities Less Than Twelve Months Fair Value	$ 51,872	$ 98,109
Temporarily Impaired Securities Less than 12 Months Unrealized Losses	612	828
Temporarily Impaired Securities Twelve Months or More Fair Value	2,771	40,282
Temporarily Impaired Securities 12 Months or More Unrealized Losses	13	537
Temporarily Impaired Securities Fair Value	54,643	138,391
Temporarily Impaired Securities Unrealized Losses	625	1,365
Available-for-sale Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	51,701	97,444
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	612	823
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,133	40,282
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	8	537
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	53,834	137,726
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	620	1,360
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	11,212	57,928
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	75	464
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,312	34,344
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	4	505
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	12,524	92,272
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	79	969
Small Business Administration Pools
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	21,562	14,262
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	210	114
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	21,562	14,262
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	210	114
US Government Corporations and Agencies Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	4,243	9,657
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	11	109
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	2,990
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	10
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	4,243	12,647
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	11	119
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	14,684	12,606
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	316	130
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	821	2,948
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	4	22
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	15,505	15,554
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	320	152
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	171	665
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	5
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	638	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	5	0
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	809	665
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	$ 5
US Treasury Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		2,991
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		6
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		2,991
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		$ 6

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	Mar. 31, 2020	Mar. 31, 2019
SEC Schedule, 12-09, Allowance, Loan and Lease Loss
Loans Receivable	$ 7,306	$ 7,089
Loans Receivable, Gross
Loans Receivable	694,819	694,803
Loans Receivable
Loans Receivable	687,054	687,258
Home Equity Loan
Loans Receivable	6,606	6,996
Multifamily
Loans Receivable	58,101	66,002
Construction
Loans Receivable	58,051	53,426
Commercial Loan
Loans Receivable	76,002	84,549
Direct financing leases
Loans Receivable	111,691	109,592
Consumer Loan
Loans Receivable	12,828	13,534
Deferred loan fees
Loans Receivable	459	456
Commercial Real Estate
Loans Receivable	238,878	229,410
Residential Real Estate
Loans Receivable	$ 132,662	$ 131,294

Note 4_ Loans, Leases and Al_18

Note 4: Loans, Leases and Allowance: Financing Receivable, Allowance for Credit Loss (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Loans Receivable, Gross
Provision (credit) for losses	$ 210	$ 525
Charge-offs	(75)	(368)
Recoveries	82	79
Individually evaluated for impairment	202		$ 202
Collectively evaluated for impairment	7,104		6,887
Individually evaluated for impairment	1,771		1,844
Collectively evaluated for impairment	693,048		692,959
Financing Receivable Individuall and Collectively Evaluated for Impairment	694,819		694,803
Loans Receivable, Gross | Beginning of period
Allowance for Credit Losses on Financing Receivables	7,089	5,600
Loans Receivable, Gross | End of period
Allowance for Credit Losses on Financing Receivables	7,306	5,836
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	7,306		7,089
Commercial Loan
Provision (credit) for losses	(87)	221
Charge-offs	0	(250)
Recoveries	7	2
Individually evaluated for impairment	202		202
Collectively evaluated for impairment	1,570		1,650
Individually evaluated for impairment	673		694
Collectively evaluated for impairment	72,378		73,920
Financing Receivable Individuall and Collectively Evaluated for Impairment	73,051		74,614
Commercial Loan | Beginning of period
Allowance for Credit Losses on Financing Receivables	1,852	1,817
Commercial Loan | End of period
Allowance for Credit Losses on Financing Receivables	1,772	1,790
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	1,772		1,852
Direct financing leases
Provision (credit) for losses	190	38
Charge-offs	(55)	(82)
Recoveries	22	47
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	583		426
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	111,691		109,592
Financing Receivable Individuall and Collectively Evaluated for Impairment	111,691		109,592
Direct financing leases | Beginning of period
Allowance for Credit Losses on Financing Receivables	426	389
Direct financing leases | End of period
Allowance for Credit Losses on Financing Receivables	583	392
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	583		426
Consumer Loan
Provision (credit) for losses	(4)	34
Charge-offs	(5)	(34)
Recoveries	6	9
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	135		138
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	17,410		17,892
Financing Receivable Individuall and Collectively Evaluated for Impairment	17,410		17,892
Consumer Loan | Beginning of period
Allowance for Credit Losses on Financing Receivables	138	108
Consumer Loan | End of period
Allowance for Credit Losses on Financing Receivables	135	117
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	135		138
Commercial Real Estate
Provision (credit) for losses	72	269
Charge-offs	0	0
Recoveries	32	4
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	4,668		4,564
Individually evaluated for impairment	792		803
Collectively evaluated for impairment	378,709		377,494
Financing Receivable Individuall and Collectively Evaluated for Impairment	379,501		378,297
Commercial Real Estate | Beginning of period
Allowance for Credit Losses on Financing Receivables	4,564	3,147
Commercial Real Estate | End of period
Allowance for Credit Losses on Financing Receivables	4,668	3,420
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	4,668		4,564
Residential Real Estate
Provision (credit) for losses	38	(37)
Charge-offs	(15)	(2)
Recoveries	16	17
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	148		109
Individually evaluated for impairment	306		347
Collectively evaluated for impairment	112,860		114,061
Financing Receivable Individuall and Collectively Evaluated for Impairment	113,166		114,408
Residential Real Estate | Beginning of period
Allowance for Credit Losses on Financing Receivables	109	139
Residential Real Estate | End of period
Allowance for Credit Losses on Financing Receivables	148	$ 117
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	$ 148		$ 109

Note 4_ Loans, Leases and Al_19

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans Receivable | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	$ 675,042	$ 673,184
Loans Receivable | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	11,806	13,473
Loans Receivable | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	7,910	8,072
Loans Receivable | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	61	74
Loans Receivable | Unlikely to be Collected Financing Receivable
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
Loans Receivable | Credit Risk by Loan Portfolio Category
Loan Portfolio Amount Subject to Internal Grading System Category	694,819	694,803
Home Equity Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	6,344	6,871
Home Equity Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	64	64
Home Equity Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	198	61
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	6,606	6,996
Multifamily | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	58,101	66,002
Multifamily | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	0	0
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	58,101	66,002
Construction | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	58,051	53,426
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	58,051	53,426
Commercial Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	68,932	75,814
Commercial Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	4,107	5,731
Commercial Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	2,963	3,004
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	76,002	84,549
Direct financing leases | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	111,499	109,424
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	131	94
Direct financing leases | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	61	74
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	111,691	109,592
Consumer Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	12,653	13,519
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	175	15
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	12,828	13,534
Commercial Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	229,760	220,240
Commercial Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	7,452	7,489
Commercial Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	1,666	1,681
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	238,878	229,410
Residential Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	129,702	127,888
Residential Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	183	189
Residential Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	2,777	3,217
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	$ 132,662	$ 131,294

Note 4_ Loans, Leases and Al_20

Note 4: Loans, Leases and Allowance: Schedule of Loans Classified by Aging Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Asset, 30 to 59 Days Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	$ 1,490	$ 1,767
Financial Asset, 30 to 59 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	57	189
Financial Asset, 30 to 59 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	0	0
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	91	220
Financial Asset, 30 to 59 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	276	108
Financial Asset, 30 to 59 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	80	271
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	78	217
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	908	762
Financial Asset, 60 to 89 Days Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	2,046	1,689
Financial Asset, 60 to 89 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	0	36
Financial Asset, 60 to 89 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	1,047	0
Financial Asset, 60 to 89 Days Past Due | Construction
Financing Receivables Past Due By Aging Analysis	0	257
Financial Asset, 60 to 89 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	193	1,092
Financial Asset, 60 to 89 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	0	29
Financial Asset, 60 to 89 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	22	35
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	462	0
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	322	240
Financial Asset, Equal to or Greater than 90 Days Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	3,468	3,432
Financial Asset, Equal to or Greater than 90 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	154	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	249
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	424	438
Financial Asset, Equal to or Greater than 90 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	73	79
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	175	15
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	401	184
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	2,241	2,452
Financing Receivables Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	7,004	6,888
Financing Receivables Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	211	240
Financing Receivables Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	1,047	0
Financing Receivables Past Due | Construction
Financing Receivables Past Due By Aging Analysis	0	506
Financing Receivables Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	708	1,750
Financing Receivables Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	349	216
Financing Receivables Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	277	321
Financing Receivables Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	941	401
Financing Receivables Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	3,471	3,454
Financing Receivables Current | Loans Receivable
Financing Receivables Past Due By Aging Analysis	687,815	687,915
Financing Receivables Current | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	6,395	6,756
Financing Receivables Current | Multifamily
Financing Receivables Past Due By Aging Analysis	57,054	66,002
Financing Receivables Current | Construction
Financing Receivables Past Due By Aging Analysis	58,051	52,920
Financing Receivables Current | Commercial Loan
Financing Receivables Past Due By Aging Analysis	75,294	82,799
Financing Receivables Current | Direct financing leases
Financing Receivables Past Due By Aging Analysis	111,342	109,376
Financing Receivables Current | Consumer Loan
Financing Receivables Past Due By Aging Analysis	12,551	13,213
Financing Receivables Current | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	237,937	229,009
Financing Receivables Current | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	129,191	127,840
Financing Receivables Portfolio Loans and Leases | Loans Receivable
Financing Receivables Past Due By Aging Analysis	694,819	694,803
Financing Receivables Portfolio Loans and Leases | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	6,606	6,996
Financing Receivables Portfolio Loans and Leases | Multifamily
Financing Receivables Past Due By Aging Analysis	58,101	66,002
Financing Receivables Portfolio Loans and Leases | Construction
Financing Receivables Past Due By Aging Analysis	58,051	53,426
Financing Receivables Portfolio Loans and Leases | Commercial Loan
Financing Receivables Past Due By Aging Analysis	76,002	84,549
Financing Receivables Portfolio Loans and Leases | Direct financing leases
Financing Receivables Past Due By Aging Analysis	111,691	109,592
Financing Receivables Portfolio Loans and Leases | Consumer Loan
Financing Receivables Past Due By Aging Analysis	12,828	13,534
Financing Receivables Portfolio Loans and Leases | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	238,878	229,410
Financing Receivables Portfolio Loans and Leases | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	132,662	131,294
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Loans Receivable
Financing Receivables Past Due By Aging Analysis	3,091	2,587
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	154	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	249
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Loan
Financing Receivables Past Due By Aging Analysis	424	3
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Direct financing leases
Financing Receivables Past Due By Aging Analysis	73	49
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Consumer Loan
Financing Receivables Past Due By Aging Analysis	175	15
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	217	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	$ 2,048	$ 2,256

Note 4_ Loans, Leases and Al_21

Note 4: Loans, Leases and Allowance: Impaired Financing Receivables (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivables Without a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	$ 1,520,000		$ 1,585,000
Impaired Financing Receivable, Unpaid Principal Balance	2,222,000		5,090,000
Impaired Financing Receivable, Related Allowance	0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	422,000		435,000
Impaired Financing Receivable, Unpaid Principal Balance	791,000		3,220,000
Impaired Financing Receivable, Related Allowance	0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	792,000		803,000
Impaired Financing Receivable, Unpaid Principal Balance	872,000		1,256,000
Impaired Financing Receivable, Related Allowance	0		0
Financing Receivables Without a Specific Valuation Allowance | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	306,000		347,000
Impaired Financing Receivable, Unpaid Principal Balance	559,000		614,000
Impaired Financing Receivable, Related Allowance	0		0
Financing Receivables With a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	251,000		259,000
Impaired Financing Receivable, Unpaid Principal Balance	259,000		266,000
Impaired Financing Receivable, Related Allowance	202,000		202,000
Financing Receivables With a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	251,000		259,000
Impaired Financing Receivable, Unpaid Principal Balance	259,000		266,000
Impaired Financing Receivable, Related Allowance	202,000		202,000
Impaired Financing Receivables
Impaired Financing Receivable, Recorded Investment	1,771,000		1,844,000
Impaired Financing Receivable, Unpaid Principal Balance	2,481,000		5,356,000
Impaired Financing Receivable, Related Allowance	202,000		202,000
Impaired Financing Receivable, Average Recorded Investment	1,807	$ 2,157
Impaired Financing Receivable Interest Income Recognized	26	29
Impaired Financing Receivables | Commercial Loan
Impaired Financing Receivable, Recorded Investment	673,000		694,000
Impaired Financing Receivable, Unpaid Principal Balance	1,050,000		3,486,000
Impaired Financing Receivable, Related Allowance	202,000		202,000
Impaired Financing Receivable, Average Recorded Investment	684	1,043
Impaired Financing Receivable Interest Income Recognized	14	10
Impaired Financing Receivables | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	792,000		803,000
Impaired Financing Receivable, Unpaid Principal Balance	872,000		1,256,000
Impaired Financing Receivable, Related Allowance	0		0
Impaired Financing Receivable, Average Recorded Investment	797	728
Impaired Financing Receivable Interest Income Recognized	7	15
Impaired Financing Receivables | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	306,000		347,000
Impaired Financing Receivable, Unpaid Principal Balance	559,000		614,000
Impaired Financing Receivable, Related Allowance	0		$ 0
Impaired Financing Receivable, Average Recorded Investment	326	386
Impaired Financing Receivable Interest Income Recognized	$ 5	$ 4

Note 4_ Loans, Leases and Al_22

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivables Nonaccrual
Financing Receivable, Nonaccrual	$ 1,176	$ 1,225
Commercial Loan
Financing Receivable, Nonaccrual	480	494
Direct financing leases
Financing Receivable, Nonaccrual	61	74
Commercial Real Estate
Financing Receivable, Nonaccrual	330	342
Residential Real Estate
Financing Receivable, Nonaccrual	$ 305	$ 315

Note 4_ Loans, Leases and Al_23

Note 4: Loans, Leases and Allowance: Troubled Debt Restructuring (Details)	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Details
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0	0
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 0	$ 0
Troubled Debt Restructurings Related Allowance	$ 52,000		$ 52,000

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
	Mar. 31, 2020	Dec. 31, 2019
Details
Foreclosed Residential Real Estate With Physical Possession	$ 32,000	$ 0
Consumer Mortgage Loans Secured by Residential Real Estate Properties in Process of Foreclosure	$ 159,000	$ 190,000

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
	Mar. 31, 2020	Dec. 31, 2019
Details
Total minimum lease payments to be received	$ 123,152	$ 120,570
Initial direct costs	5,804	5,720
Direct Financing Lease, Gross Investment in Lease	128,956	126,290
Direct Financing Leases Unearned Income	(17,265)	(16,698)
Net investment in direct finance leases	$ 111,691	$ 109,592

Note 4_ Loans, Leases and Al_26

Note 4: Loans, Leases and Allowance: Leases Serviced for the Benefit of Others (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Details
Leases Serviced for the Benefit of Others	$ 507,000	$ 715,000
Recorded Recourse Obligation on Leases Sold With Recourse	0	0
Maximum Exposure of Recorded Recourse Obligation on Leases Sold With Recourse	$ 411,000	$ 411,000

Note 4_ Loans, Leases and Al_27

Note 4: Loans, Leases and Allowance: Schedule of Future Minimum Lease Payments for Capital Leases (Details)	Mar. 31, 2020USD ($)
Details
2020	$ 35,114
2021	39,360
2022	26,220
2023	14,987
2024	6,758
Thereafter	713
Capital Leases, Future Minimum Payments Receivable	$ 123,152

Note 5_ Fair Values of Financ_6

Note 5: Fair Values of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Equity Securities
Recurring Assets, Fair Value Disclosure	$ 13	$ 13
Assets Measured on Recurring Basis Fair Value
Recurring Assets, Fair Value Disclosure	238,891	201,784
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	148,724	116,911
Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	24,657	14,383
US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	11,543	21,646
US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	53,954	45,840
US Treasury Securities
Recurring Assets, Fair Value Disclosure		2,991
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 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | US States and Political Subdivisions Debt Securities
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 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	238,878	201,771
Fair Value, Inputs, Level 2 | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	148,724	116,911
Fair Value, Inputs, Level 2 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	24,657	14,383
Fair Value, Inputs, Level 2 | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	11,543	21,646
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	53,954	45,840
Fair Value, Inputs, Level 2 | US Treasury Securities
Recurring Assets, Fair Value Disclosure		2,991
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 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	$ 0	0
Fair Value, Inputs, Level 3 | US Treasury Securities
Recurring Assets, Fair Value Disclosure		$ 0

Note 5_ Fair Values of Financ_7

Note 5: Fair Values of Financial Instruments: Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Mortgage-servicing rights
Non-recurring Assets, Fair Value Disclosure	$ 911	$ 1,033
Impaired loans collateral dependent
Non-recurring Assets, Fair Value Disclosure	49	57
Fair Value, Inputs, Level 1 | Mortgage-servicing rights
Non-recurring Assets, Fair Value Disclosure	0	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	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	911	1,033
Fair Value, Inputs, Level 3 | Impaired loans collateral dependent
Non-recurring Assets, Fair Value Disclosure	$ 49	$ 57

Note 5_ Fair Values of Financ_8

Note 5: Fair Values of Financial Instruments: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Mortgage-servicing rights
Assets Measured at Fair Value on a Nonrecurring Basis (Level 3)	$ 911	$ 1,033
Valuation Technique of Fair Value Assets Measured on a Nonrecurring Basis	Discounted cash flow	Discounted cash flow
Unobservable Inputs of Fair Value Assets Measured on a Nonrecurring Basis	Discount rate	Discount rate
Fair Value Measurements Nonrecurring Range	10.00%	10.00%
Impaired loans collateral dependent
Assets Measured at Fair Value on a Nonrecurring Basis (Level 3)	$ 49	$ 57
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 | Impaired loans collateral dependent
Fair Value Measurements Nonrecurring Range	0.00%	0.00%
Maximum | Impaired loans collateral dependent
Fair Value Measurements Nonrecurring Range	78.00%	75.00%

Note 5_ Fair Values of Financ_9

Note 5: Fair Values of Financial Instruments: Schedule of Fair Value of Financial Instruments (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
FHLB advances	$ 182,000,000		$ 154,000,000
Fair Value, Inputs, Level 1 | Financial Assets
Cash and cash equivalents	40,597,000	$ 12,456,000
Available for Sale Securities, Fair Value	13,000	13,000
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	201,771,000	238,878,000
Held-to-maturity securities	16,156,000	13,974,000
Loans and leases receivable, net	0	0
Federal Reserve and FHLB Stock, Carrying Value	7,600,000	8,631,000
Interest receivable	3,052,000	3,248,000
Fair Value, Inputs, Level 2 | Financial Liabilities
Deposits	619,635,000	609,100,000
FHLB advances	155,304,000	189,200,000
Interest payable	297,000	350,000
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	687,789,000	702,681,000
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	40,597,000	27,456,000
Available for Sale Securities, Fair Value	201,784,000	238,891,000
Held-to-maturity securities	15,917,000	13,770,000
Loans and leases receivable, net	687,258,000	687,054,000
Federal Reserve and FHLB Stock, Carrying Value	7,600,000	8,631,000
Interest receivable	3,052,000	3,248,000
Carrying Value | Financial Liabilities
Deposits	617,219,000	605,235,000
FHLB advances	154,000,000	182,000,000
Interest payable	$ 297,000	$ 350,000

Note 6_ Earnings per Share_ S_2

Note 6: Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Details)	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Details
Net income (loss) | $	$ 2,452,146
Average shares outstanding	13,526,625
Average Unearned ESOP Shares Value | $	$ 1,059,419
Shares outstanding for Basic EPS	12,467,206
Additional Dilutive Shares	0
Shares outstanding for Diluted EPS	12,467,206
Basic Earnings Per Share | $ / shares	$ 0.20
Diluted Earnings Per Share | $ / shares	$ 0.20

Note 7_ Employee Stock Owners_3

Note 7: Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Details)	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Details
Earned ESOP shares	22,545
Average unearned ESOP shares	1,059,585
Total ESOP shares	1,082,130
Quoted per share price | $ / shares	$ 10.22
Employee Stock Ownership Plan ESOP Allocated Shares | $	$ 230,410
Fair value of unearned shares | $	$ 10,828,959