Richmond Mutual Bancorporation (RMBI) 10-Q 13 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Aug. 13, 2020	Jun. 30, 2020
Details
Registrant CIK		0001767837
Fiscal Year End		--12-31
Registrant Name		RICHMOND MUTUAL BANCORPORATION, INC.
SEC Form		10-Q
Period End date		Jun. 30, 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		Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 30,817,153	$ 9,088,398
Interest-bearing demand deposits	79,789,311	31,508,479
Cash and cash equivalents	110,606,464	40,596,877
Investment securities - available for sale	221,204,068	201,783,851
Investment securities - held to maturity	13,319,819	15,917,394
Loans Receivable	752,922,965	687,258,190
Premises and equipment, net	14,439,763	14,087,169
Federal Home Loan Bank stock	9,079,700	7,600,400
Interest receivable	4,721,040	3,052,380
Mortgage Servicing Rights	1,405,128	1,033,217
Cash surrender value of life insurance	3,899,832	3,839,911
Other assets	8,613,962	10,872,682
Total assets	1,140,212,741	986,042,071
Liabilities
Non-interest bearing deposits	89,921,951	60,297,443
Interest bearing deposits	649,209,179	556,921,370
Total deposits	739,131,130	617,218,813
Federal Home Loan Bank advances	180,000,000	154,000,000
Advances by borrowers for taxes and insurance	498,170	545,498
Interest payable	348,300	296,774
Multi-employer pension plan liability	17,454,709	17,454,709
Other liabilities	6,644,530	8,738,831
Total liabilities	944,076,839	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	132,563,670	132,601,876
Retained earnings	74,446,405	70,111,434
Unearned employee stock ownership plan (ESOP)	(14,032,728)	(14,400,386)
Accumulated other comprehensive income (loss)	3,023,289	(660,744)
Total stockholders' equity	196,135,902	187,787,446
Total liabilities and stockholders' equity	$ 1,140,212,741	$ 986,042,071

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Details
Allowance for Loan and Lease Losses Write-offs, Net	$ 8,521,000	$ 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest Income
Investment securities	$ 1,178,483	$ 956,816	$ 2,441,420	$ 1,898,477
Other	11,447	278,462	136,477	327,569
Total interest income	10,498,425	10,398,501	20,949,959	20,155,398
Interest Expense
Deposits	1,704,310	2,107,460	3,529,008	3,994,160
Borrowings	770,304	808,565	1,509,645	1,558,827
Total interest expense	2,474,614	2,916,025	5,038,653	5,552,987
Net Interest Income	8,023,811	7,482,476	15,911,306	14,602,411
Provision for losses on loans and leases	1,320,000	485,000	1,530,000	1,010,000
Net Interest Income After Provision for Losses on Loans and Leases	6,703,811	6,997,476	14,381,306	13,592,411
Non-Interest Income
Service Charges on Deposit Accounts	105,618	251,795	360,269	483,444
Card fee income	201,748	185,903	381,355	352,489
Loan and lease servicing fees	301,230	98,931	235,538	212,203
Net gains on securities (includes $9,874, $36,426, $79,013 and $61,232, respectively, related to accumulated other comprehensive loss reclassifications)	9,874	36,426	79,013	61,232
Net gains on loan and lease sales	1,030,668	123,573	1,258,876	210,798
Other loan fees	244,702	88,394	327,576	243,034
Other income	188,797	114,883	393,078	241,160
Total non-interest income	2,082,637	899,905	3,035,705	1,804,360
Non-Interest Expenses
Salaries and employee benefits	3,270,311	5,316,221	6,633,996	8,791,954
Loans and leases	9,308,495	9,163,223	18,372,062	17,929,352
Net occupancy expenses	284,981	256,564	574,990	549,945
Equipment expenses	280,855	233,500	536,703	475,645
Data processing fees	472,071	423,974	948,874	838,166
Deposit insurance expense	60,000	158,000	116,000	293,000
Printing and office supplies	32,097	27,262	58,640	69,020
Legal and professional fees	326,815	208,975	568,181	505,754
Advertising expense	80,256	173,259	189,813	296,676
Bank Service Charges	28,465	32,593	65,820	64,269
Real estate owned expense	989	22,573	3,166	37,393
Loss on sale of real estate owned	0	6,493	0	6,493
Loan Tax and Insurance Expense	810,857	744,542	1,475,131	1,480,682
Loan Tax and Insurance Expense	5,647,697	7,603,956	11,171,314	13,408,997
Income Before Income Tax Expense (Benefit)	3,138,751	293,425	6,245,697	1,987,774
Provision (benefit) for income taxes (includes $2,503, $9,520, $20,026 and $16,003, respectively, related to income tax expense from reclassification of items)	632,574	(41,700)	1,287,374	280,400
Net Income	$ 2,506,177	$ 335,125	$ 4,958,323	$ 1,707,374
Earnings Per Share
Basic	$ 0.20		$ 0.40
Diluted	$ 0.20		$ 0.40

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income - Parenthetical - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Details
Accumulated other comprehensive loss reclassifications	$ 9,874	$ 36,426	$ 79,013	$ 61,232
Provision for income tax expense from reclassification of items	$ 2,503	$ 9,520	$ 20,026	$ 16,003

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Details
Net Income	$ 2,506,177	$ 335,125	$ 4,958,323	$ 1,707,374
Other Comprehensive Income
Unrealized gain on available-for-sale securities, net of tax expense of $312,821, $559,911, $1,270,737 and $1,237,814, respectively.	921,429	1,582,470	3,743,020	3,498,417
Reclassification Adjustment for Realized Gains Included in Net Income	7,371	26,906	58,987	45,229
Other Comprehensive Income, Other, Net of Tax	914,058	1,555,564	3,684,033	3,453,188
Comprehensive Income	$ 3,420,235	$ 1,890,689	$ 8,642,356	$ 5,160,562

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - Parenthetical - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Details
Available for sale securities income tax expense (benefit)	$ 312,821	$ 559,911	$ 1,270,737	$ 1,237,814
Reclassification Adjustment Income Tax Expense (Benefit)	$ 2,503	$ 9,520	$ 20,026	$ 16,003

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	1,707,374	0	0	1,707,374
Other comprehensive income	0	0	0	0	3,453,188	3,453,188
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2019	$ 1	12,750,999	79,187,692	0	(925,098)	91,013,594
Shares, Outstanding, Ending Balance at Jun. 30, 2019	100
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2019	$ 1	12,750,999	78,852,567	0	(2,480,662)	89,122,905
Shares, Outstanding, Beginning Balance at Mar. 31, 2019	100
Net Income (Loss)	$ 0	0	335,125	0	0	335,125
Other comprehensive income	0	0	0	0	1,555,564	1,555,564
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2019	$ 1	12,750,999	79,187,692	0	(925,098)	91,013,594
Shares, Outstanding, Ending Balance at Jun. 30, 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	4,958,323	0	0	4,958,323
Other comprehensive income	0	0	0	0	3,684,033	3,684,033
ESOP shares earned	0	(38,206)	0	367,658	0	329,452
Common stock dividends ($0.05 per share)	0	0	(623,352)	0	0	(623,352)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2020	$ 135,266	132,563,670	74,446,405	(14,032,728)	3,023,289	196,135,902
Shares, Outstanding, Ending Balance at Jun. 30, 2020	13,526,625
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2020	$ 135,266	132,604,734	72,563,580	(14,216,557)	2,109,231	193,196,254
Shares, Outstanding, Beginning Balance at Mar. 31, 2020	13,526,625
Net Income (Loss)	$ 0	0	2,506,177	0	0	2,506,177
Other comprehensive income	0	0	0	0	914,058	914,058
ESOP shares earned	0	(41,064)	0	183,829	0	142,765
Common stock dividends ($0.05 per share)	0	0	(623,352)	0	0	(623,352)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2020	$ 135,266	$ 132,563,670	$ 74,446,405	$ (14,032,728)	$ 3,023,289	$ 196,135,902
Shares, Outstanding, Ending Balance at Jun. 30, 2020	13,526,625

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities
Net income	$ 4,958,323	$ 1,707,374
Items not requiring (providing) cash
Provision for loan losses	1,530,000	1,010,000
Depreciation and amortization	484,092	458,622
Deferred income tax	357,938	(779,000)
Investment securities (accretion) amortization, net	1,133,521	375,216
Investment securities gains	(79,013)	(61,232)
Gain on sale of loans and leases held for sale	(1,258,876)	(210,798)
Loss on sale of real estate owned	0	6,493
Accretion of loan origination fees	(447,817)	(88,088)
Amortization of mortgage-servicing rights	167,578	74,407
ESOP shares expense	329,452	0
Increase in cash surrender value of life insurance	(59,921)	(60,211)
Loans originated for sale	(45,705,608)	(7,564,068)
Proceeds on loans sold	49,041,089	8,057,168
Net change in
Interest receivable	(1,668,660)	(247,254)
Other assets	715,669	1,616,150
Other liabilities	(2,094,301)	21,335
Interest payable	51,526	202,352
Net cash provided by operating activities	7,454,992	4,518,466
Investing Activities
Purchases of securities available for sale	(82,597,349)	(35,162,200)
Proceeds from maturities and paydowns of securities available for sale	44,676,712	5,041,948
Proceeds from sales of securities available for sale	22,177,542	22,456,675
Proceeds from maturities and paydowns of securities held to maturity	2,585,037	1,445,000
Net change in loans	(69,212,998)	(37,636,795)
Purchases of premises and equipment	(836,686)	(373,266)
Purchase of FHLB stock	(1,479,300)	(949,800)
Net cash used in investing activities	(84,687,042)	(45,089,657)
Financing Activities
Demand and savings deposits	60,126,140	202,452,437
Certificates of deposit	61,786,177	4,539,605
Advances by borrowers for taxes and insurance	(47,328)	28,283
Proceeds from FHLB advances	40,000,000	57,000,000
Repayment of FHLB advances	(14,000,000)	(36,000,000)
Net cash provided by financing activities	147,241,637	228,020,325
Net Change in Cash and Cash Equivalents	70,009,587	187,449,134
Cash and Cash Equivalents, Beginning of Period	40,596,877	14,971,170
Cash and Cash Equivalents, End of Period	110,606,464	202,420,304
Additional Cash Flows and Supplementary Information
Interest paid	4,987,127	5,350,635
Transfers from loans to other real estate owned	$ 31,548	$ 5,400

Note 1_ Nature of Operations an

Note 1: Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 condensed 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 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	6 Months Ended
	Jun. 30, 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. In October 2019, the FASB voted to extend the implementation of ASU No. 2016-13 for certain financial institutions including smaller reporting companies. As a result, ASU 2016-13 will be effective for the Company for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. 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 February 2016, the FASB has issued ASU No. 2016-02, Leases Leases

Note 3_ Investment Securities

Note 3: Investment Securities	6 Months Ended
	Jun. 30, 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: June 30, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale SBA Pools $ 22,911 $ 75 $ 215 $ 22,771 Federal agencies 7,511 14 6 7,519 State and municipal obligations 60,681 1,642 126 62,197 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 126,261 2,471 28 128,704 Equity securities 13 - - 13 217,377 4,202 375 221,204 Held to maturity State and municipal obligations 13,320 344 - 13,664 13,320 344 - 13,664 $ 230,697 $ 4,546 $ 375 $ 234,868 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 - 5 16,156 $ 218,593 $ 712 $ 1,365 $ 217,940 The amortized cost and fair value of securities at June 30, 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 $ 443 $ 444 $ 2,858 $ 2,875 One to five years 6,005 6,175 7,233 7,424 Five to ten years 27,793 28,115 2,169 2,283 After ten years 56,862 57,753 1,060 1,082 91,103 92,487 13,320 13,664 Mortgage-backed securities - GSE residential 126,261 128,704 - - Equity securities 13 13 - - Totals $ 217,377 $ 221,204 $ 13,320 $ 13,664 Securities with a carrying value of $119,773,000 and $114,907,000 were pledged at June 30, 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 and six months ended June 30, 2020 were $10,716,000 and $22,178,000, respectively. For the three and six months ended June 30, 2019, proceeds from sales of securities were $10,989,000 and $22,457,000 respectively. Gross gains were recognized on the sale of securities available-for-sale for the three and six months ended June 30, 2020 and 2019 of $66,000, $136,000, $37,000 and $62,000, respectively. Gross losses were recognized on the sale of securities available for sale for the three and six months ended June 30, 2020 of $56,000. There were no gross losses realized from sales of securities available for sale for the three and six months ended June 30, 2019. Certain investments in debt securities, as reflected in the table below, are reported in the condensed consolidated financial statements and notes at an amount less than their historical cost. Total fair value of these investments at June 30, 2020 and December 31, 2019 was $40,703,000 and $138,391,000, respectively, which is approximately 17% and 63% of the Company’s aggregated available-for-sale and held-to-maturity investment portfolio at those dates, respectively. 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 June 30, 2020 and December 31, 2019: June 30, 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 $ 19,099 $ 215 $ - $ - $ 19,099 $ 215 Federal agencies 4,240 6 - - 4,240 6 State and municipal obligations 8,932 126 - - 8,932 126 Mortgage-backed securities - GSE residential 6,874 25 1,478 3 8,352 28 Total available-for-sale 39,145 372 1,478 3 40,623 375 Held-to-maturity State and municipal obligations 80 - - - 80 - Total temporarily impaired securities $ 39,225 $ 372 $ 1,478 $ 3 $ 40,703 $ 375 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 $ 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	6 Months Ended
	Jun. 30, 2020
Notes
Note 4: Loans, Leases and Allowance	Note 4: Loans, Leases and Allowance Categories of loans at June 30, 2020 and December 31, 2019 include: June 30, December 31, 2020 2019 Commercial mortgage $ 242,036 $ 229,410 Commercial and industrial 141,184 84,549 Construction and development 62,372 53,426 Multi-family 58,709 66,002 Residential mortgage 126,146 131,294 Home equity 6,522 6,996 Direct financing leases 114,352 109,592 Consumer 12,550 13,534 763,871 694,803 Less Allowance for loan and lease losses 8,521 7,089 Deferred loan fees 2,427 456 $ 752,923 $ 687,258 The following tables present the activity in the allowance for loan and lease losses for the three and six months ended June 30, 2020 and 2019. Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) Leases Consumer Total Three Months Ended June 30, 2020: Balance, beginning of period $ 4,668 $ 1,772 $ 148 $ 583 $ 135 $ 7,306 Provision (credit) for losses 844 (94 ) 172 378 20 1,320 Charge-offs - - (20 ) (134 ) (16 ) (170 ) Recoveries 5 32 8 11 9 65 Balance, end of period $ 5,517 $ 1,710 $ 308 $ 838 $ 148 $ 8,521 Six Months Ended June 30, 2020: Balance, beginning of period $ 4,564 $ 1,852 $ 109 $ 426 $ 138 $ 7,089 Provision (credit) for losses 917 (182 ) 210 569 16 1,530 Charge-offs - - (35 ) (190 ) (21 ) (246 ) Recoveries 36 40 24 33 15 148 Balance, end of period $ 5,517 $ 1,710 $ 308 $ 838 $ 148 $ 8,521 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans. Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) Leases Consumer Total Three Months Ended June 30, 2019: Balance, beginning of period $ 3,420 $ 1,790 $ 117 $ 392 $ 117 $ 5,836 Provision (credit) for losses 466 (26 ) 30 12 3 485 Charge-offs - - (34 ) (95 ) (15 ) (144 ) Recoveries 6 4 9 76 9 104 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Six Months Ended June 30, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision (credit) for losses 735 195 (7 ) 50 37 1,010 Charge-offs - (250 ) (36 ) (177 ) (49 ) (512 ) Recoveries 10 6 26 123 18 183 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans 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 June 30, 2020 and December 31, 2019: June 30, 2020 Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) Leases Consumer Total Allowance for loan and lease losses: Individually evaluated for impairment $ 1 $ 201 $ - $ - $ - $ 202 Collectively evaluated for impairment 5,516 1,509 308 838 148 8,319 Balance, June 30 $ 5,517 $ 1,710 $ 308 $ 838 $ 148 $ 8,521 Loans and leases: Individually evaluated for impairment $ 698 $ 617 $ 225 $ - $ - $ 1,540 Collectively evaluated for impairment 392,835 131,344 107,114 114,352 16,686 762,331 Ending balance: June 30 $ 393,533 $ 131,961 $ 107,339 $ 114,352 $ 16,686 $ 763,871 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans December 31, 2019 Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) 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 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans. 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 June 30, 2020 and December 31, 2019: June 30, 2020 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 233,028 $ 134,189 $ 62,372 $ 58,709 $ 123,225 $ 6,370 $ 114,190 $ 12,533 $ 744,616 5 Special Mention 7,432 4,171 - - 176 64 - - 11,843 6 Substandard 1,576 2,824 - - 2,745 88 59 17 7,309 7 Doubtful - - - - - - 103 - 103 8 Loss - - - - - - - - - $ 242,036 $ 141,184 $ 62,372 $ 58,709 $ 126,146 $ 6,522 $ 114,352 $ 12,550 $ 763,871 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 June 30, 2020 and December 31, 2019: June 30, 2020 Delinquent Loans Total Total Loans 30-59 Days Past Due 60-89 Days Past Due 90 Days and Over Total Past Due Current Portfolio Loans and Leases and Leases > 90 Days Accruing Commercial mortgage $ - $ - $ 76 $ 76 $ 241,960 $ 242,036 $ - Commercial and industrial - - 467 467 140,717 141,184 55 Construction and development 40 1,586 - 1,626 60,746 62,372 - Multi-family - - 1,047 1,047 57,662 58,709 1,047 Residential mortgage 567 507 2,261 3,335 122,811 126,146 2,133 Home equity - 43 45 88 6,434 6,522 45 Leases 22 115 4 141 114,211 114,352 4 Consumer 174 11 17 202 12,348 12,550 17 Totals $ 803 $ 2,262 $ 3,917 $ 6,982 $ 756,889 $ 763,871 $ 3,301 December 31, 2019 Delinquent Loans Total Total Loans 30-59 Days Past Due 60-89 Days Past Due 90 Days and Over Total Past Due Current Portfolio Loans and Leases and Leases > 90 Days 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 June 30, 2020 and December 31, 2019: June 30, 2020 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 218 $ 258 $ - Commercial and industrial 412 738 - Residential mortgage 225 440 - $ 855 $ 1,436 $ - Loans with a specific valuation allowance Commercial mortgage $ 480 $ 480 $ 1 Commercial and industrial 205 214 201 $ 685 $ 694 $ 202 Total impaired loans Commercial mortgage $ 698 $ 738 $ 1 Commercial and industrial 617 952 201 Residential mortgage 225 440 - Total impaired loans $ 1,540 $ 2,130 $ 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 and six months ended June 30, 2020 and 2019. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2020: Total impaired loans Commercial mortgage $ 745 $ 11 Commercial and industrial 645 14 Residential mortgage 265 1 Total impaired loans $ 1,655 $ 26 Average Investment in Interest Impaired Income Loans Recognized Six Months Ended June 30, 2020: Total impaired loans Commercial mortgage $ 765 $ 18 Commercial and industrial 661 28 Residential mortgage 292 6 Total impaired loans $ 1,718 $ 52 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2019: Total impaired loans Commercial mortgage $ 703 $ 7 Commercial and industrial 889 30 Residential mortgage 377 4 Total impaired loans $ 1,969 $ 41 Average Investment in Interest Impaired Income Loans Recognized Six Months Ended June 30, 2019: Total impaired loans Commercial mortgage $ 716 $ 22 Commercial and industrial 985 40 Residential mortgage 381 8 Total impaired loans $ 2,082 $ 70 The following table presents the Company’s nonaccrual loans and leases at June 30, 2020 and December 31, 2019: June 30, December 31, 2020 2019 Commercial mortgage $ 218 $ 342 Commercial and industrial 468 494 Residential mortgage 225 315 Leases 103 74 $ 1,014 $ 1,225 During the three and six months ended June 30, 2020 and 2019, there were no newly classified troubled debt restructured loans or leases (“TDRs”). For the three and six months ended June 30, 2020 and 2019, the Company recorded no charge-offs related to TDRs. As of both June 30, 2020 and December 31, 2019, TDRs had a related allowance of $52,000. During the three and six months ended June 30, 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. In March 2020, the Company began offering short-term loan modifications to assist borrowers during the COVID-19 pandemic. As of June 30, 2020, the Company had approved 752 loan and lease modifications related to the COVID-19 pandemic with an outstanding loan balance totaling $175.1 million in accordance with the CARES Act. Accordingly, the Company does not account for such loan modifications as TDRs. Loan modifications in accordance with the CARES Act and related regulatory guidance are still subject to an evaluation in regard to determining whether or not a loan is deemed to be impaired. At June 30, 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 June 30, 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 $283,000 and $190,000, respectively. The following lists the components of the net investment in direct financing leases: June 30, December 31, 2020 2019 $ 127,851 $ 120,570 4,425 5,720 132,276 126,290 (17,924 ) (16,698 ) $ 114,352 $ 109,592 The amount of leases serviced by First Bank Richmond for the benefit of others was approximately $336,000 and $715,000 at June 30, 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 June 30, 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 for these leases. The following table summarizes the future minimum lease payments receivable subsequent to June 30, 2020: 2020 $ 25,648 2021 43,071 2022 29,713 2023 18,018 2024 9,201 Thereafter 2,200 $ 127,851

Note 5_ Fair Values of Financia

Note 5: Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 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 June 30, 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) June 30, 2020 Available-for-sale securities SBA Pools $ 22,771 $ - $ 22,771 $ - Federal agencies 7,519 - 7,519 - State and municipal obligations 62,197 - 62,197 - Mortgage-backed securities - GSE residential 128,704 - 128,704 - Equity securities 13 13 - - $ 221,204 $ 13 $ 221,191 $ - 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 six months ended June 30, 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 June 30, 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) June 30, 2020 Impaired loans, collateral dependent $ 483 $ - $ - $ 483 Mortgage-servicing rights 1,405 - - 1,405 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 June 30, 2020 and December 31, 2019: Fair Value at June 30, Valuation Unobservable 2020 Technique Inputs Range Collateral-dependent $ 483 Appraisal Marketability 0% - 11% impaired loans discount Mortgage-servicing rights $ 1,405 Discounted Discount rate 10% cash flow 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 Discount rate 10% cash flow Fair Value of Financial Instruments The following tables present estimated fair values of the Company’s financial instruments at June 30, 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) June 30, 2020 Financial assets Cash and cash equivalents $ 110,606 $ 110,606 $ - $ - Available-for-sale securities 221,204 13 221,191 - Held-to-maturity securities 13,320 - 13,664 - Loans and leases receivable, net 752,923 - - 762,060 Federal Reserve and FHLB stock 9,080 - 9,080 - Interest receivable 4,721 - 4,721 - Financial liabilities Deposits 739,131 - 742,215 - FHLB advances 180,000 - 187,403 - Interest payable 348 - 348 - 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	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, 2020 June 30, 2020 Net income $ 2,506 $ 4,958 Shares outstanding for Basic EPS: Average shares outstanding 13,526,625 13,526,625 Less: average unearned ESOP Shares 1,045,892 1,052,656 Shares outstanding for Basic EPS 12,480,733 12,473,969 Additional Dilutive Shares - - Shares outstanding for Diluted EPS 12,480,733 12,473,969 Basic Earnings Per Share $ 0.20 $ 0.40 Diluted Earnings Per Share $ 0.20 $ 0.40

Note 7_ Employee Stock Ownershi

Note 7: Employee Stock Ownership Plan	6 Months Ended
	Jun. 30, 2020
Notes
Note 7: Employee Stock Ownership Plan	Note 7: Employee Stock Ownership Plan As part of the corporate 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 and six months ended June 30, 2020 was $143,000 and $329,000, respectively. June 30, 2020 Earned ESOP shares 49,598 Unearned ESOP shares 1,032,532 Total ESOP shares 1,082,130 Quoted per share price $ 11.24 Fair value of earned shares $ 557 Fair value of unearned shares $ 11,606

Note 8_ Subsequent Event

Note 8: Subsequent Event	6 Months Ended
	Jun. 30, 2020
Notes
Note 8: Subsequent Event	Note 8: Subsequent Event On July 8, 2020, the Company announced that its Board of Directors authorized a stock repurchase program for up to 676,331 shares, or approximately 5% of its currently outstanding shares.

Note 3_ Investment Securities_

Note 3: Investment Securities: Marketable Securities, Policy (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Marketable Securities, Policy	Securities with a carrying value of $119,773,000 and $114,907,000 were pledged at June 30, 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 and six months ended June 30, 2020 were $10,716,000 and $22,178,000, respectively. For the three and six months ended June 30, 2019, proceeds from sales of securities were $10,989,000 and $22,457,000 respectively. Gross gains were recognized on the sale of securities available-for-sale for the three and six months ended June 30, 2020 and 2019 of $66,000, $136,000, $37,000 and $62,000, respectively. Gross losses were recognized on the sale of securities available for sale for the three and six months ended June 30, 2020 of $56,000. There were no gross losses realized from sales of securities available for sale for the three and six months ended June 30, 2019. Certain investments in debt securities, as reflected in the table below, are reported in the condensed consolidated financial statements and notes at an amount less than their historical cost. Total fair value of these investments at June 30, 2020 and December 31, 2019 was $40,703,000 and $138,391,000, respectively, which is approximately 17% and 63% of the Company’s aggregated available-for-sale and held-to-maturity investment portfolio at those dates, respectively. 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2020
Policies
Credit Quality Indicators and Characteristics Policy	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.

Note 4_ Loans, Leases and All_3

Note 4: Loans, Leases and Allowance: Risk Characteristics of Commercial and Industrial Loans (Policies)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2020
Policies
Troubled Debt Restructuring	During the three and six months ended June 30, 2020 and 2019, there were no newly classified troubled debt restructured loans or leases (“TDRs”). For the three and six months ended June 30, 2020 and 2019, the Company recorded no charge-offs related to TDRs. As of both June 30, 2020 and December 31, 2019, TDRs had a related allowance of $52,000. During the three and six months ended June 30, 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)	6 Months Ended
	Jun. 30, 2020
Policies
Real Estate Owned and Foreclosed Real Estate Policy	At June 30, 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 June 30, 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 $283,000 and $190,000, respectively.

Note 3_ Investment Securities_5

Note 3: Investment Securities: Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Marketable Securities	June 30, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale SBA Pools $ 22,911 $ 75 $ 215 $ 22,771 Federal agencies 7,511 14 6 7,519 State and municipal obligations 60,681 1,642 126 62,197 Mortgage-backed securities - government-sponsored enterprises (GSE) residential 126,261 2,471 28 128,704 Equity securities 13 - - 13 217,377 4,202 375 221,204 Held to maturity State and municipal obligations 13,320 344 - 13,664 13,320 344 - 13,664 $ 230,697 $ 4,546 $ 375 $ 234,868 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 - 5 16,156 $ 218,593 $ 712 $ 1,365 $ 217,940

Note 3_ Investment Securities_6

Note 3: Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	6 Months Ended
	Jun. 30, 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 $ 443 $ 444 $ 2,858 $ 2,875 One to five years 6,005 6,175 7,233 7,424 Five to ten years 27,793 28,115 2,169 2,283 After ten years 56,862 57,753 1,060 1,082 91,103 92,487 13,320 13,664 Mortgage-backed securities - GSE residential 126,261 128,704 - - Equity securities 13 13 - - Totals $ 217,377 $ 221,204 $ 13,320 $ 13,664

Note 3_ Investment Securities_7

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Unrealized Gain (Loss) on Investments	June 30, 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 $ 19,099 $ 215 $ - $ - $ 19,099 $ 215 Federal agencies 4,240 6 - - 4,240 6 State and municipal obligations 8,932 126 - - 8,932 126 Mortgage-backed securities - GSE residential 6,874 25 1,478 3 8,352 28 Total available-for-sale 39,145 372 1,478 3 40,623 375 Held-to-maturity State and municipal obligations 80 - - - 80 - Total temporarily impaired securities $ 39,225 $ 372 $ 1,478 $ 3 $ 40,703 $ 375 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 $ 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)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	June 30, December 31, 2020 2019 Commercial mortgage $ 242,036 $ 229,410 Commercial and industrial 141,184 84,549 Construction and development 62,372 53,426 Multi-family 58,709 66,002 Residential mortgage 126,146 131,294 Home equity 6,522 6,996 Direct financing leases 114,352 109,592 Consumer 12,550 13,534 763,871 694,803 Less Allowance for loan and lease losses 8,521 7,089 Deferred loan fees 2,427 456 $ 752,923 $ 687,258

Note 4_ Loans, Leases and Al_10

Note 4: Loans, Leases and Allowance: Financing Receivable, Allowance for Credit Loss (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Financing Receivable, Allowance for Credit Loss	Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) Leases Consumer Total Three Months Ended June 30, 2020: Balance, beginning of period $ 4,668 $ 1,772 $ 148 $ 583 $ 135 $ 7,306 Provision (credit) for losses 844 (94 ) 172 378 20 1,320 Charge-offs - - (20 ) (134 ) (16 ) (170 ) Recoveries 5 32 8 11 9 65 Balance, end of period $ 5,517 $ 1,710 $ 308 $ 838 $ 148 $ 8,521 Six Months Ended June 30, 2020: Balance, beginning of period $ 4,564 $ 1,852 $ 109 $ 426 $ 138 $ 7,089 Provision (credit) for losses 917 (182 ) 210 569 16 1,530 Charge-offs - - (35 ) (190 ) (21 ) (246 ) Recoveries 36 40 24 33 15 148 Balance, end of period $ 5,517 $ 1,710 $ 308 $ 838 $ 148 $ 8,521 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans. Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) Leases Consumer Total Three Months Ended June 30, 2019: Balance, beginning of period $ 3,420 $ 1,790 $ 117 $ 392 $ 117 $ 5,836 Provision (credit) for losses 466 (26 ) 30 12 3 485 Charge-offs - - (34 ) (95 ) (15 ) (144 ) Recoveries 6 4 9 76 9 104 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 Six Months Ended June 30, 2019: Balance, beginning of period $ 3,147 $ 1,817 $ 139 $ 389 $ 108 $ 5,600 Provision (credit) for losses 735 195 (7 ) 50 37 1,010 Charge-offs - (250 ) (36 ) (177 ) (49 ) (512 ) Recoveries 10 6 26 123 18 183 Balance, end of period $ 3,892 $ 1,768 $ 122 $ 385 $ 114 $ 6,281 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans 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 June 30, 2020 and December 31, 2019: June 30, 2020 Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) Leases Consumer Total Allowance for loan and lease losses: Individually evaluated for impairment $ 1 $ 201 $ - $ - $ - $ 202 Collectively evaluated for impairment 5,516 1,509 308 838 148 8,319 Balance, June 30 $ 5,517 $ 1,710 $ 308 $ 838 $ 148 $ 8,521 Loans and leases: Individually evaluated for impairment $ 698 $ 617 $ 225 $ - $ - $ 1,540 Collectively evaluated for impairment 392,835 131,344 107,114 114,352 16,686 762,331 Ending balance: June 30 $ 393,533 $ 131,961 $ 107,339 $ 114,352 $ 16,686 $ 763,871 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans December 31, 2019 Commercial Commercial and Residential Mortgage (1) Industrial Mortgage (2) 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 (1) Commercial mortgage includes commercial and multifamily real estate loans. (2) Residential mortgage includes one- to four-family and home equity loans.

Note 4_ Loans, Leases and Al_11

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Financing Receivable Credit Quality Indicators	June 30, 2020 Commercial Construction Commercial and and Multi- Residential Home Mortgage Industrial Development Family Mortgage Equity Leases Consumer Total 1-4 Pass $ 233,028 $ 134,189 $ 62,372 $ 58,709 $ 123,225 $ 6,370 $ 114,190 $ 12,533 $ 744,616 5 Special Mention 7,432 4,171 - - 176 64 - - 11,843 6 Substandard 1,576 2,824 - - 2,745 88 59 17 7,309 7 Doubtful - - - - - - 103 - 103 8 Loss - - - - - - - - - $ 242,036 $ 141,184 $ 62,372 $ 58,709 $ 126,146 $ 6,522 $ 114,352 $ 12,550 $ 763,871 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)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Schedule of Loans Classified by Aging Analysis	June 30, 2020 Delinquent Loans Total Total Loans 30-59 Days Past Due 60-89 Days Past Due 90 Days and Over Total Past Due Current Portfolio Loans and Leases and Leases > 90 Days Accruing Commercial mortgage $ - $ - $ 76 $ 76 $ 241,960 $ 242,036 $ - Commercial and industrial - - 467 467 140,717 141,184 55 Construction and development 40 1,586 - 1,626 60,746 62,372 - Multi-family - - 1,047 1,047 57,662 58,709 1,047 Residential mortgage 567 507 2,261 3,335 122,811 126,146 2,133 Home equity - 43 45 88 6,434 6,522 45 Leases 22 115 4 141 114,211 114,352 4 Consumer 174 11 17 202 12,348 12,550 17 Totals $ 803 $ 2,262 $ 3,917 $ 6,982 $ 756,889 $ 763,871 $ 3,301 December 31, 2019 Delinquent Loans Total Total Loans 30-59 Days Past Due 60-89 Days Past Due 90 Days and Over Total Past Due Current Portfolio Loans and Leases and Leases > 90 Days 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)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Impaired Financing Receivables	June 30, 2020 Unpaid Recorded Principal Specific Balance Balance Allowance Loans without a specific valuation allowance Commercial mortgage $ 218 $ 258 $ - Commercial and industrial 412 738 - Residential mortgage 225 440 - $ 855 $ 1,436 $ - Loans with a specific valuation allowance Commercial mortgage $ 480 $ 480 $ 1 Commercial and industrial 205 214 201 $ 685 $ 694 $ 202 Total impaired loans Commercial mortgage $ 698 $ 738 $ 1 Commercial and industrial 617 952 201 Residential mortgage 225 440 - Total impaired loans $ 1,540 $ 2,130 $ 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 and six months ended June 30, 2020 and 2019. Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2020: Total impaired loans Commercial mortgage $ 745 $ 11 Commercial and industrial 645 14 Residential mortgage 265 1 Total impaired loans $ 1,655 $ 26 Average Investment in Interest Impaired Income Loans Recognized Six Months Ended June 30, 2020: Total impaired loans Commercial mortgage $ 765 $ 18 Commercial and industrial 661 28 Residential mortgage 292 6 Total impaired loans $ 1,718 $ 52 Average Investment in Interest Impaired Income Loans Recognized Three Months Ended June 30, 2019: Total impaired loans Commercial mortgage $ 703 $ 7 Commercial and industrial 889 30 Residential mortgage 377 4 Total impaired loans $ 1,969 $ 41 Average Investment in Interest Impaired Income Loans Recognized Six Months Ended June 30, 2019: Total impaired loans Commercial mortgage $ 716 $ 22 Commercial and industrial 985 40 Residential mortgage 381 8 Total impaired loans $ 2,082 $ 70

Note 4_ Loans, Leases and Al_14

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Financing Receivable, Nonaccrual	June 30, December 31, 2020 2019 Commercial mortgage $ 218 $ 342 Commercial and industrial 468 494 Residential mortgage 225 315 Leases 103 74 $ 1,014 $ 1,225

Note 4_ Loans, Leases and Al_15

Note 4: Loans, Leases and Allowance: Direct Financing Lease, Lease Income (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Direct Financing Lease, Lease Income	June 30, December 31, 2020 2019 $ 127,851 $ 120,570 4,425 5,720 132,276 126,290 (17,924 ) (16,698 ) $ 114,352 $ 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)	Jun. 30, 2020
Tables/Schedules
Schedule of Future Minimum Lease Payments for Capital Leases	2020 $ 25,648 2021 43,071 2022 29,713 2023 18,018 2024 9,201 Thereafter 2,200 $ 127,851

Note 5_ Fair Values of Financ_2

Note 5: Fair Values of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2020 Available-for-sale securities SBA Pools $ 22,771 $ - $ 22,771 $ - Federal agencies 7,519 - 7,519 - State and municipal obligations 62,197 - 62,197 - Mortgage-backed securities - GSE residential 128,704 - 128,704 - Equity securities 13 13 - - $ 221,204 $ 13 $ 221,191 $ - 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)	6 Months Ended
	Jun. 30, 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) June 30, 2020 Impaired loans, collateral dependent $ 483 $ - $ - $ 483 Mortgage-servicing rights 1,405 - - 1,405 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)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Fair Value at June 30, Valuation Unobservable 2020 Technique Inputs Range Collateral-dependent $ 483 Appraisal Marketability 0% - 11% impaired loans discount Mortgage-servicing rights $ 1,405 Discounted Discount rate 10% cash flow 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 Discount rate 10% cash flow

Note 5_ Fair Values of Financ_5

Note 5: Fair Values of Financial Instruments: Schedule of Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2020 Financial assets Cash and cash equivalents $ 110,606 $ 110,606 $ - $ - Available-for-sale securities 221,204 13 221,191 - Held-to-maturity securities 13,320 - 13,664 - Loans and leases receivable, net 752,923 - - 762,060 Federal Reserve and FHLB stock 9,080 - 9,080 - Interest receivable 4,721 - 4,721 - Financial liabilities Deposits 739,131 - 742,215 - FHLB advances 180,000 - 187,403 - Interest payable 348 - 348 - 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 7_ Employee Stock Owners_2

Note 7: Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Employee Stock Ownership Plan (ESOP) Disclosures	June 30, 2020 Earned ESOP shares 49,598 Unearned ESOP shares 1,032,532 Total ESOP shares 1,082,130 Quoted per share price $ 11.24 Fair value of earned shares $ 557 Fair value of unearned shares $ 11,606

Note 3_ Investment Securities_8

Note 3: Investment Securities: Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Securities Investment
Investment Securities Amortized Cost	$ 230,697	$ 218,593
Investment Securities Gross Unrealized Gains	4,546	712
Investment Securities Gross Unrealized Losses	375	1,365
Investment Securities Fair Value	234,868	217,940
Available-for-sale Securities
Available-for-sale Securities, Amortized Cost Basis		202,676
Available-for-sale Securities, Gross Unrealized Gain	4,202	468
Available-for-sale Securities, Gross Unrealized Loss	375	1,360
Available for Sale Securities, Fair Value	221,204	201,784
Held-to-maturity Securities
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	13,320	15,917
Held to Maturity Securities Gross Unrealized Gains	344	0
Held to Maturity Securities Gross Unrealized Losses	0	5
Debt Securities, Held-to-maturity, Fair Value	13,664	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	126,261	117,769
Available-for-sale Securities, Gross Unrealized Gain	2,471	111
Available-for-sale Securities, Gross Unrealized Loss	28	969
Available for Sale Securities, Fair Value	128,704	116,911
Small Business Administration Pools
Available-for-sale Securities, Amortized Cost Basis	22,911	14,497
Available-for-sale Securities, Gross Unrealized Gain	75	0
Available-for-sale Securities, Gross Unrealized Loss	215	114
Available for Sale Securities, Fair Value	22,771	14,383
US Government Corporations and Agencies Securities
Available-for-sale Securities, Amortized Cost Basis	7,511	21,765
Available-for-sale Securities, Gross Unrealized Gain	14	0
Available-for-sale Securities, Gross Unrealized Loss	6	119
Available for Sale Securities, Fair Value	7,519	21,646
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Amortized Cost Basis	60,681	45,635
Available-for-sale Securities, Gross Unrealized Gain	1,642	357
Available-for-sale Securities, Gross Unrealized Loss	126	152
Available for Sale Securities, Fair Value	62,197	45,840
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	13,320	15,917
Held to Maturity Securities Gross Unrealized Gains	344	244
Held to Maturity Securities Gross Unrealized Losses	0	5
Debt Securities, Held-to-maturity, Fair Value	$ 13,664	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	Jun. 30, 2020USD ($)
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	$ 443
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	444
Held to Maturity Securities Debt Maturities Within One Year Amortized Cost	2,858
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	2,875
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	6,005
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	6,175
Held to Maturity Securities Debt Maturities Within After one to Five Years Amortized Cost	7,233
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	7,424
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	27,793
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	28,115
Held to Maturity Securities Debt Maturities Within After Five to Ten Years Amortized Cost	2,169
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	2,283
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10	56,862
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	57,753
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	1,082
Available for Sale Securities Contractual Maturity Amortized Cost	91,103
Available for Sale Securities Contractual Maturity Fair Value	92,487
Held to Maturity Securities Contractual Maturity Amortized Cost	13,320
Held to Maturity Securities Contractual Maturity Fair Value	13,664
Available-for-sale Securities
Available for Sale Securities Contractual Maturity Amortized Cost	217,377
Available for Sale Securities Contractual Maturity Fair Value	221,204
Held-to-maturity Securities
Held to Maturity Securities Contractual Maturity Amortized Cost	13,320
Held to Maturity Securities Contractual Maturity Fair Value	13,664
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	126,261
Available for Sale Securities Contractual Maturity Fair Value	128,704
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 ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Details
Securities Pledged as Security, Carrying Value	$ 119,773,000	$ 114,907,000	$ 119,773,000		$ 119,773,000		$ 114,907,000
Proceeds from sales of securities available for sale			10,716,000	$ 10,989,000	22,177,542	$ 22,456,675
Available-for-sale Securities, Gross Realized Gains			66,000	37,000	$ 136,000	62,000
Available-for-sale Securities, Gross Realized Losses			$ 56,000	$ 0		$ 0
Investments Reported at Less Than Historical Cost, Fair Value	$ 40,703,000	$ 138,391,000
Investments Reported at Less Than Historical Cost as Percentage of Total Securities			17.00%				63.00%

Note 3_ Investment Securitie_11

Note 3: Investment Securities: Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Temporarily Impaired Securities Less Than Twelve Months Fair Value	$ 39,225	$ 98,109
Temporarily Impaired Securities Less than 12 Months Unrealized Losses	372	828
Temporarily Impaired Securities Twelve Months or More Fair Value	1,478	40,282
Temporarily Impaired Securities 12 Months or More Unrealized Losses	3	537
Temporarily Impaired Securities Fair Value	40,703	138,391
Temporarily Impaired Securities Unrealized Losses	375	1,365
Available-for-sale Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	39,145	97,444
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	372	823
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,478	40,282
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3	537
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	40,623	137,726
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	375	1,360
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	6,874	57,928
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	25	464
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,478	34,344
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3	505
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	8,352	92,272
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	28	969
Small Business Administration Pools
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	19,099	14,262
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	215	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	19,099	14,262
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	215	114
US Government Corporations and Agencies Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	4,240	9,657
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	6	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	4,240	12,647
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	6	119
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	8,932	12,606
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	126	130
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	2,948
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	22
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	8,932	15,554
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	126	152
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	80	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	0	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	80	665
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	$ 0	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	Jun. 30, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Allowance, Loan and Lease Loss
Loans Receivable	$ 8,521	$ 7,089
Loans Receivable, Gross
Loans Receivable	763,871	694,803
Loans Receivable
Loans Receivable	752,923	687,258
Home Equity Loan
Loans Receivable	6,522	6,996
Multifamily
Loans Receivable	58,709	66,002
Construction
Loans Receivable	62,372	53,426
Commercial Loan
Loans Receivable	141,184	84,549
Direct financing leases
Loans Receivable	114,352	109,592
Consumer Loan
Loans Receivable	12,550	13,534
Deferred loan fees
Loans Receivable	2,427	456
Commercial Real Estate
Loans Receivable	242,036	229,410
Residential Real Estate
Loans Receivable	$ 126,146	$ 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		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Loans Receivable, Gross
Provision (credit) for losses		$ 1,320	$ 485	$ 1,530	$ 1,010
Charge-offs		(170)	(144)	(246)	(512)
Recoveries		65	104	148	183
Individually evaluated for impairment		202		202		$ 202
Collectively evaluated for impairment		8,319		8,319		6,887
Individually evaluated for impairment		1,540		1,540		1,844
Collectively evaluated for impairment		762,331		762,331		692,959
Financing Receivable Individuall and Collectively Evaluated for Impairment		763,871		763,871		694,803
Loans Receivable, Gross | Beginning of period
Allowance for Credit Losses on Financing Receivables		7,306	5,836	7,089	5,600
Loans Receivable, Gross | End of period
Allowance for Credit Losses on Financing Receivables		8,521	6,281	8,521	6,281
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment		8,521		8,521		7,089
Commercial Loan
Provision (credit) for losses		(94)	(26)	(182)	195
Charge-offs		0	0	0	(250)
Recoveries		32	4	40	6
Individually evaluated for impairment		201		201		202
Collectively evaluated for impairment		1,509		1,509		1,650
Individually evaluated for impairment		617		617		694
Collectively evaluated for impairment		131,344		131,344		73,920
Financing Receivable Individuall and Collectively Evaluated for Impairment		131,961		131,961		74,614
Commercial Loan | Beginning of period
Allowance for Credit Losses on Financing Receivables		1,772	1,790	1,852	1,817
Commercial Loan | End of period
Allowance for Credit Losses on Financing Receivables		1,710	1,768	1,710	1,768
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment		1,710		1,710		1,852
Direct financing leases
Provision (credit) for losses		378	12	569	50
Charge-offs		(134)	(95)	(190)	(177)
Recoveries		11	76	33	123
Individually evaluated for impairment		0		0		0
Collectively evaluated for impairment		838		838		426
Individually evaluated for impairment		0		0		0
Collectively evaluated for impairment		114,352		114,352		109,592
Financing Receivable Individuall and Collectively Evaluated for Impairment		114,352		114,352		109,592
Direct financing leases | Beginning of period
Allowance for Credit Losses on Financing Receivables		583	392	426	389
Direct financing leases | End of period
Allowance for Credit Losses on Financing Receivables		838	385	838	385
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment		838		838		426
Consumer Loan
Provision (credit) for losses		20	3	16	37
Charge-offs		(16)	(15)	(21)	(49)
Recoveries		9	9	15	18
Individually evaluated for impairment		0		0		0
Collectively evaluated for impairment		148		148		138
Individually evaluated for impairment		0		0		0
Collectively evaluated for impairment		16,686		16,686		17,892
Financing Receivable Individuall and Collectively Evaluated for Impairment		16,686		16,686		17,892
Consumer Loan | Beginning of period
Allowance for Credit Losses on Financing Receivables		135	117	138	108
Consumer Loan | End of period
Allowance for Credit Losses on Financing Receivables		148	114	148	114
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment		148		148		138
Commercial Real Estate
Provision (credit) for losses	[1]	844	466	917	735
Charge-offs	[1]	0	0	0	0
Recoveries	[1]	5	6	36	10
Individually evaluated for impairment	[1]	1		1		0
Collectively evaluated for impairment	[1]	5,516		5,516		4,564
Individually evaluated for impairment	[1]	698		698		803
Collectively evaluated for impairment	[1]	392,835		392,835		377,494
Financing Receivable Individuall and Collectively Evaluated for Impairment	[1]	393,533		393,533		378,297
Commercial Real Estate | Beginning of period
Allowance for Credit Losses on Financing Receivables	[1]	4,668	3,420	4,564	3,147
Commercial Real Estate | End of period
Allowance for Credit Losses on Financing Receivables	[1]	5,517	3,892	5,517	3,892
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	[1]	5,517		5,517		4,564
Residential Real Estate
Provision (credit) for losses	[2]	172	30	210	(7)
Charge-offs	[2]	(20)	(34)	(35)	(36)
Recoveries	[2]	8	9	24	26
Individually evaluated for impairment	[2]	0		0		0
Collectively evaluated for impairment	[2]	308		308		109
Individually evaluated for impairment	[2]	225		225		347
Collectively evaluated for impairment	[2]	107,114		107,114		114,061
Financing Receivable Individuall and Collectively Evaluated for Impairment	[2]	107,339		107,339		114,408
Residential Real Estate | Beginning of period
Allowance for Credit Losses on Financing Receivables	[2]	148	117	109	139
Residential Real Estate | End of period
Allowance for Credit Losses on Financing Receivables	[2]	308	$ 122	308	$ 122
Financing Receivable Allowance for Credit Losses Individuall and Collectively Evaluated for Impairment	[2]	$ 308		$ 308		$ 109
[1]	Commercial mortgage includes commercial and multifamily real estate loans.
[2]	Residential mortgage includes one- to four-family and home equity loans.

Note 4_ Loans, Leases and Al_19

Note 4: Loans, Leases and Allowance: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans Receivable | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	$ 744,616	$ 673,184
Loans Receivable | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	11,843	13,473
Loans Receivable | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	7,309	8,072
Loans Receivable | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	103	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	763,871	694,803
Home Equity Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	6,370	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	88	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	6,522	6,996
Multifamily | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	58,709	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	58,709	66,002
Construction | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	62,372	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	62,372	53,426
Commercial Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	134,189	75,814
Commercial Loan | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	4,171	5,731
Commercial Loan | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	2,824	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	141,184	84,549
Direct financing leases | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	114,190	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	59	94
Direct financing leases | Doubtful
Loan Portfolio Amount Subject to Internal Grading System Category	103	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	114,352	109,592
Consumer Loan | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	12,533	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	17	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	12,550	13,534
Commercial Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	233,028	220,240
Commercial Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	7,432	7,489
Commercial Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	1,576	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	242,036	229,410
Residential Real Estate | Pass
Loan Portfolio Amount Subject to Internal Grading System Category	123,225	127,888
Residential Real Estate | Special Mention
Loan Portfolio Amount Subject to Internal Grading System Category	176	189
Residential Real Estate | Substandard
Loan Portfolio Amount Subject to Internal Grading System Category	2,745	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	$ 126,146	$ 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	Jun. 30, 2020	Dec. 31, 2019
Financial Asset, 30 to 59 Days Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	$ 803	$ 1,767
Financial Asset, 30 to 59 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	0	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	40	0
Financial Asset, 30 to 59 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	0	220
Financial Asset, 30 to 59 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	22	108
Financial Asset, 30 to 59 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	174	271
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	0	217
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	567	762
Financial Asset, 60 to 89 Days Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	2,262	1,689
Financial Asset, 60 to 89 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	43	36
Financial Asset, 60 to 89 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, 60 to 89 Days Past Due | Construction
Financing Receivables Past Due By Aging Analysis	1,586	257
Financial Asset, 60 to 89 Days Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	0	1,092
Financial Asset, 60 to 89 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	115	29
Financial Asset, 60 to 89 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	11	35
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	0	0
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	507	240
Financial Asset, Equal to or Greater than 90 Days Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	3,917	3,432
Financial Asset, Equal to or Greater than 90 Days Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	45	15
Financial Asset, Equal to or Greater than 90 Days Past Due | Multifamily
Financing Receivables Past Due By Aging Analysis	1,047	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	467	438
Financial Asset, Equal to or Greater than 90 Days Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	4	79
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	17	15
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	76	184
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	2,261	2,452
Financing Receivables Past Due | Loans Receivable
Financing Receivables Past Due By Aging Analysis	6,982	6,888
Financing Receivables Past Due | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	88	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	1,626	506
Financing Receivables Past Due | Commercial Loan
Financing Receivables Past Due By Aging Analysis	467	1,750
Financing Receivables Past Due | Direct financing leases
Financing Receivables Past Due By Aging Analysis	141	216
Financing Receivables Past Due | Consumer Loan
Financing Receivables Past Due By Aging Analysis	202	321
Financing Receivables Past Due | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	76	401
Financing Receivables Past Due | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	3,335	3,454
Financing Receivables Current | Loans Receivable
Financing Receivables Past Due By Aging Analysis	756,889	687,915
Financing Receivables Current | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	6,434	6,756
Financing Receivables Current | Multifamily
Financing Receivables Past Due By Aging Analysis	57,662	66,002
Financing Receivables Current | Construction
Financing Receivables Past Due By Aging Analysis	60,746	52,920
Financing Receivables Current | Commercial Loan
Financing Receivables Past Due By Aging Analysis	140,717	82,799
Financing Receivables Current | Direct financing leases
Financing Receivables Past Due By Aging Analysis	114,211	109,376
Financing Receivables Current | Consumer Loan
Financing Receivables Past Due By Aging Analysis	12,348	13,213
Financing Receivables Current | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	241,960	229,009
Financing Receivables Current | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	122,811	127,840
Financing Receivables Portfolio Loans and Leases | Loans Receivable
Financing Receivables Past Due By Aging Analysis	763,871	694,803
Financing Receivables Portfolio Loans and Leases | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	6,522	6,996
Financing Receivables Portfolio Loans and Leases | Multifamily
Financing Receivables Past Due By Aging Analysis	58,709	66,002
Financing Receivables Portfolio Loans and Leases | Construction
Financing Receivables Past Due By Aging Analysis	62,372	53,426
Financing Receivables Portfolio Loans and Leases | Commercial Loan
Financing Receivables Past Due By Aging Analysis	141,184	84,549
Financing Receivables Portfolio Loans and Leases | Direct financing leases
Financing Receivables Past Due By Aging Analysis	114,352	109,592
Financing Receivables Portfolio Loans and Leases | Consumer Loan
Financing Receivables Past Due By Aging Analysis	12,550	13,534
Financing Receivables Portfolio Loans and Leases | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	242,036	229,410
Financing Receivables Portfolio Loans and Leases | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	126,146	131,294
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Loans Receivable
Financing Receivables Past Due By Aging Analysis	3,301	2,587
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Home Equity Loan
Financing Receivables Past Due By Aging Analysis	45	15
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Multifamily
Financing Receivables Past Due By Aging Analysis	1,047	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	55	3
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Direct financing leases
Financing Receivables Past Due By Aging Analysis	4	49
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Consumer Loan
Financing Receivables Past Due By Aging Analysis	17	15
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Real Estate
Financing Receivables Past Due By Aging Analysis	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Residential Real Estate
Financing Receivables Past Due By Aging Analysis	$ 2,133	$ 2,256

Note 4_ Loans, Leases and Al_21

Note 4: Loans, Leases and Allowance: Impaired Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivables Without a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment	$ 855		$ 855		$ 1,585
Impaired Financing Receivable, Unpaid Principal Balance	1,436		1,436		5,090
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	412		412		435
Impaired Financing Receivable, Unpaid Principal Balance	738		738		3,220
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	218		218		803
Impaired Financing Receivable, Unpaid Principal Balance	258		258		1,256
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables Without a Specific Valuation Allowance | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	225		225		347
Impaired Financing Receivable, Unpaid Principal Balance	440		440		614
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivables With a Specific Valuation Allowance
Impaired Financing Receivable, Recorded Investment					259
Impaired Financing Receivable, Unpaid Principal Balance					266
Impaired Financing Receivable, Related Allowance					202
Financing Receivables With a Specific Valuation Allowance | Commercial Loan
Impaired Financing Receivable, Recorded Investment	205		205		259
Impaired Financing Receivable, Unpaid Principal Balance	214		214		266
Impaired Financing Receivable, Related Allowance	201		201		202
Financing Receivables With a Specific Valuation Allowance | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	480		480
Impaired Financing Receivable, Unpaid Principal Balance	480		480
Impaired Financing Receivable, Related Allowance	1		1
Impaired Financing Receivables
Impaired Financing Receivable, Recorded Investment	1,540		1,540		1,844
Impaired Financing Receivable, Unpaid Principal Balance	2,130		2,130		5,356
Impaired Financing Receivable, Related Allowance	202		202		202
Impaired Financing Receivable, Average Recorded Investment	1,655	$ 1,969	1,718	$ 2,082
Impaired Financing Receivable Interest Income Recognized	26	41	52	70
Impaired Financing Receivables | Commercial Loan
Impaired Financing Receivable, Recorded Investment	617		617		694
Impaired Financing Receivable, Unpaid Principal Balance	952		952		3,486
Impaired Financing Receivable, Related Allowance	201		201		202
Impaired Financing Receivable, Average Recorded Investment	645	889	661	985
Impaired Financing Receivable Interest Income Recognized	14	30	28	40
Impaired Financing Receivables | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	698		698		803
Impaired Financing Receivable, Unpaid Principal Balance	738		738		1,256
Impaired Financing Receivable, Related Allowance	1		1		0
Impaired Financing Receivable, Average Recorded Investment	745	703	765	716
Impaired Financing Receivable Interest Income Recognized	11	7	18	22
Impaired Financing Receivables | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	225		225		347
Impaired Financing Receivable, Unpaid Principal Balance	440		440		614
Impaired Financing Receivable, Related Allowance	0		0		$ 0
Impaired Financing Receivable, Average Recorded Investment	265	377	292	381
Impaired Financing Receivable Interest Income Recognized	$ 1	$ 4	$ 6	$ 8

Note 4_ Loans, Leases and Al_22

Note 4: Loans, Leases and Allowance: Financing Receivable, Nonaccrual (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivables Nonaccrual
Financing Receivable, Nonaccrual	$ 1,014	$ 1,225
Commercial Loan
Financing Receivable, Nonaccrual	468	494
Direct financing leases
Financing Receivable, Nonaccrual	103	74
Commercial Real Estate
Financing Receivable, Nonaccrual	218	342
Residential Real Estate
Financing Receivable, Nonaccrual	$ 225	$ 315

Note 4_ Loans, Leases and Al_23

Note 4: Loans, Leases and Allowance: Troubled Debt Restructuring (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	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	$ 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
	Jun. 30, 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	$ 283,000	$ 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
	Jun. 30, 2020	Dec. 31, 2019
Details
Total minimum lease payments to be received	$ 127,851	$ 120,570
Initial direct costs	4,425	5,720
Direct Financing Lease, Gross Investment in Lease	132,276	126,290
Direct Financing Leases Unearned Income	(17,924)	(16,698)
Net investment in direct finance leases	$ 114,352	$ 109,592

Note 4_ Loans, Leases and Al_26

Note 4: Loans, Leases and Allowance: Leases Serviced for the Benefit of Others (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Details
Leases Serviced for the Benefit of Others	$ 336,000	$ 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)	Jun. 30, 2020USD ($)
Details
2020	$ 25,648
Capital Leases, Future Minimum Payments Receivable	$ 127,851

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	Jun. 30, 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	221,204	201,784
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	128,704	116,911
Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	22,771	14,383
US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	7,519	21,646
US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	62,197	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	221,191	201,771
Fair Value, Inputs, Level 2 | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Recurring Assets, Fair Value Disclosure	128,704	116,911
Fair Value, Inputs, Level 2 | Small Business Administration Pools
Recurring Assets, Fair Value Disclosure	22,771	14,383
Fair Value, Inputs, Level 2 | US Government Corporations and Agencies Securities
Recurring Assets, Fair Value Disclosure	7,519	21,646
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities
Recurring Assets, Fair Value Disclosure	62,197	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	Jun. 30, 2020	Dec. 31, 2019
Mortgage-servicing rights
Non-recurring Assets, Fair Value Disclosure	$ 1,405	$ 1,033
Impaired loans collateral dependent
Non-recurring Assets, Fair Value Disclosure	483	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	1,405	1,033
Fair Value, Inputs, Level 3 | Impaired loans collateral dependent
Non-recurring Assets, Fair Value Disclosure	$ 483	$ 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
	Jun. 30, 2020	Dec. 31, 2019
Mortgage-servicing rights
Assets Measured at Fair Value on a Nonrecurring Basis (Level 3)	$ 1,405	$ 1,033
Valuation Technique of Fair Value Assets Measured on a Nonrecurring Basis	Discounted	Discounted
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)	$ 483	$ 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	11.00%	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 ($)	Jun. 30, 2020	Dec. 31, 2019
FHLB advances	$ 180,000,000	$ 154,000,000
Fair Value, Inputs, Level 1 | Financial Assets
Cash and cash equivalents	110,606,000	40,597,000
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	221,191,000	201,771,000
Held-to-maturity securities	13,664,000	16,156,000
Loans and leases receivable, net	0	0
Federal Reserve and FHLB Stock, Carrying Value	9,080,000	7,600,000
Interest receivable	4,721,000	3,052,000
Fair Value, Inputs, Level 2 | Financial Liabilities
Deposits	742,215,000	619,635,000
FHLB advances	187,403,000	155,304,000
Interest payable	348,000	297,000
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	762,060,000	687,789,000
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	110,606,000	40,597,000
Available for Sale Securities, Fair Value	221,204,000	201,784,000
Held-to-maturity securities	13,320,000	15,917,000
Loans and leases receivable, net	752,923,000	687,258,000
Federal Reserve and FHLB Stock, Carrying Value	9,080,000	7,600,000
Interest receivable	4,721,000	3,052,000
Carrying Value | Financial Liabilities
Deposits	739,131,000	617,219,000
FHLB advances	180,000,000	154,000,000
Interest payable	$ 348,000	$ 297,000

Note 6_ Earnings per Share (Det

Note 6: Earnings per Share (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Details
Net income (loss)	$ 2,506	$ 4,958
Average shares outstanding	13,526,625	13,526,625
Average Unearned ESOP Shares Value	$ 1,045,892	$ 1,052,656
Shares outstanding for Basic EPS	12,480,733	12,473,969
Additional Dilutive Shares	0	0
Shares outstanding for Diluted EPS	12,480,733	12,473,969
Basic Earnings Per Share	$ 0.20	$ 0.40
Diluted Earnings Per Share	$ 0.20	$ 0.40

Note 7_ Employee Stock Owners_3

Note 7: Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Details)	3 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Details
Earned ESOP shares	49,598
Average unearned ESOP shares	1,032,532
Total ESOP shares	1,082,130
Quoted per share price | $ / shares	$ 11.24
Employee Stock Ownership Plan ESOP Allocated Shares | $	$ 557
Fair value of unearned shares | $	$ 11,606

Note 8_ Subsequent Event (Detai

Note 8: Subsequent Event (Details)	Jul. 08, 2020shares
Details
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	676,331