Cass Information Systems (CASS) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Document and Entity Information [Abstract]
Entity Central Index Key	0000708781
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2020
Entity File Number	000-20827
Entity Registrant Name	CASS INFORMATION SYSTEMS, INC.
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	43-1265338
Entity Address, Address Line One	12444 Powerscourt Drive
Entity Address, Address Line Two	Suite 550
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63131
City Area Code	314
Local Phone Number	506-5500
Title of 12(b) Security	Common stock, par value $.50
Trading Symbol	CASS
Name of Exchange on which Security is Registered	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,421,079

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 11,861	$ 18,076
Interest-bearing deposits in other financial institutions	208,573	172,422
Federal funds sold and other short-term investments	11,705	13,456
Cash and cash equivalents	232,139	203,954
Securities available-for-sale, at fair value	379,971	422,665
Loans	963,726	772,638
Less: Allowance for loan losses	11,292	10,556
Loans, net	952,434	762,082
Payments in excess of funding	162,210	206,158
Premises and equipment, net	19,695	20,527
Investment in bank-owned life insurance	17,827	17,599
Goodwill	14,262	14,262
Other intangible assets, net	3,852	4,281
Other assets	46,594	112,715
Total assets	1,828,984	1,764,243
Deposits:
Noninterest-bearing	343,567	351,091
Interest-bearing	482,389	406,045
Total deposits	825,956	757,136
Accounts and drafts payable	687,538	684,295
Short-term borrowings		18,000
Other liabilities	66,963	60,622
Total liabilities	1,580,457	1,520,053
Shareholders' Equity:
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued
Common stock, par value $.50 per share; 40,000,000 shares authorized and 15,505,772 shares issued at June 30, 2020 and December 31, 2019	7,753	7,753
Additional paid-in capital	204,258	205,397
Retained earnings	95,514	90,341
Common shares in treasury, at cost (1,084,693 shares at June 30, 2020 and 991,406 shares at December 31, 2019)	(49,457)	(45,381)
Accumulated other comprehensive loss	(9,541)	(13,920)
Total shareholders' equity	248,527	244,190
Total liabilities and shareholders' equity	$ 1,828,984	$ 1,764,243

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.50	$ 0.50
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued
Common stock, par value per share	$ 0.50	$ 0.50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	15,505,772	15,505,772
Treasury stock, shares	1,084,693	991,406

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Fee Revenue and Other Income:
Information services payment and processing revenue	$ 22,661	$ 26,852	$ 48,164	$ 53,309
Bank service fees	398	301	808	677
Gains on sales of securities		8	1,069	19
Other	115	211	228	380
Total fee revenue and other income	23,174	27,372	50,269	54,385
Interest Income:
Interest and fees on loans	9,298	9,387	18,299	18,016
Interest and dividends on securities:
Taxable	473	639	1,033	1,281
Exempt from federal income taxes	1,785	1,994	3,604	4,031
Interest on federal funds sold and other short-term investments	86	1,307	1,044	2,896
Total interest income	11,642	13,327	23,980	26,224
Interest Expense:
Interest on deposits	481	1,305	1,444	2,595
Interest on short-term borrowings			2
Total interest expense	481	1,305	1,446	2,595
Net interest income	11,161	12,022	22,534	23,629
Provision for loan losses	400		725	250
Net interest income after provision for loan losses	10,761	12,022	21,809	23,379
Total net revenue	33,935	39,394	72,078	77,764
Operating Expense:
Personnel	20,891	22,803	43,318	45,080
Occupancy	938	998	1,879	1,957
Equipment	1,617	1,552	3,252	3,021
Amortization of intangible assets	214	102	429	209
Other operating expense	3,697	4,516	7,408	8,166
Total operating expense	27,357	29,971	56,286	58,433
Income before income tax expense	6,578	9,423	15,792	19,331
Income tax expense	1,139	1,739	2,808	3,484
Net income	$ 5,439	$ 7,684	$ 12,984	$ 15,847
Basic earnings per share	$ 0.38	$ 0.53	$ 0.90	$ 1.10
Diluted earnings per share	$ 0.37	$ 0.52	$ 0.89	$ 1.08

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Comprehensive Income:
Net income	$ 5,439	$ 7,684	$ 12,984	$ 15,847
Other comprehensive income:
Net unrealized gain on securities available-for-sale	6,407	4,609	6,985	11,746
Tax effect	(1,525)	(1,097)	(1,663)	(2,796)
Reclassification adjustments for gains included in net income		(8)	(1,069)	(19)
Tax effect		2	254	5
Foreign currency translation adjustments	16	18	(128)	4
Total comprehensive income	$ 10,337	$ 11,208	$ 17,363	$ 24,787

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows From Operating Activities:
Net income	$ 12,984	$ 15,847
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,564	5,366
Gains on sales of securities	(1,069)	(19)
Stock-based compensation expense	1,478	1,417
Provision for loan losses	725	250
Decrease (increase) in income tax liability	593	(1,054)
Increase in pension liability	2,167	2,590
Decrease (increase) in accounts receivable	1,472	(1,351)
Other operating activities, net	8,741	3,327
Net cash provided by operating activities	32,655	26,373
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	19,629	4,648
Proceeds from maturities of securities available-for-sale	27,130	10,161
Net increase in loans	(191,077)	(68,934)
Decrease (increase) in payments in excess of funding	43,948	(13,571)
Purchases of premises and equipment, net	(1,383)	(1,202)
Net cash used in investing activities	(101,753)	(68,898)
Cash Flows From Financing Activities:
Net decrease in noninterest-bearing demand deposits	(7,524)	(54,176)
Net increase (decrease) in interest-bearing demand and savings deposits	79,066	(32,058)
Net (decrease) increase in time deposits	(2,721)	937
Net increase in accounts and drafts payable	60,966	96,033
Net decrease in short-term borrowings	(18,000)
Cash dividends paid	(7,811)	(7,548)
Purchase of common shares for treasury	(5,508)	(7,799)
Other financing activities, net	(1,185)	(284)
Net cash provided by (used in) financing activities	97,283	(4,895)
Net increase (decrease) in cash and cash equivalents	28,185	(47,420)
Cash and cash equivalents at beginning of period	203,954	230,933
Cash and cash equivalents at end of period	232,139	183,513
Supplemental information:
Cash paid for interest	1,429	2,496
Cash paid for income taxes	$ 2,219	$ 4,545

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Total
Balance at Dec. 31, 2018	$ 7,753	$ 205,770	$ 75,171	$ (39,974)	$ (18,872)	$ 229,848
Net income			15,847			15,847
Cash dividends			(7,548)			(7,548)
Issuance of common shares pursuant to stock-based compensation plan, net		(1,421)		1,276		(145)
Exercise of SARs		(303)		164		(139)
Stock-based compensation expense		1,417				1,417
Purchase of common shares				(7,799)		(7,799)
Other comprehensive income					8,940	8,940
Balance at Jun. 30, 2019	7,753	205,463	83,470	(46,333)	(9,932)	240,421
Balance at Mar. 31, 2019	7,753	205,310	79,558	(44,685)	(13,456)	234,480
Net income			7,684			7,684
Cash dividends			(3,772)			(3,772)
Issuance of common shares pursuant to stock-based compensation plan, net		(407)		450		43
Stock-based compensation expense		560				560
Purchase of common shares				(2,098)		(2,098)
Other comprehensive income					3,524	3,524
Balance at Jun. 30, 2019	7,753	205,463	83,470	(46,333)	(9,932)	240,421
Balance at Dec. 31, 2019	7,753	205,397	90,341	(45,381)	(13,920)	244,190
Net income			12,984			12,984
Cash dividends			(7,811)			(7,811)
Issuance of common shares pursuant to stock-based compensation plan, net		(2,374)		1,291		(1,083)
Exercise of SARs		(243)		141		(102)
Stock-based compensation expense		1,478				1,478
Purchase of common shares				(5,508)		(5,508)
Other comprehensive income					4,379	4,379
Balance at Jun. 30, 2020	7,753	204,258	95,514	(49,457)	(9,541)	248,527
Balance at Mar. 31, 2020	7,753	203,801	93,968	(49,800)	(14,439)	241,283
Net income			5,439			5,439
Cash dividends			(3,893)			(3,893)
Issuance of common shares pursuant to stock-based compensation plan, net		(299)		343		44
Stock-based compensation expense		756				756
Other comprehensive income					4,898	4,898
Balance at Jun. 30, 2020	$ 7,753	$ 204,258	$ 95,514	$ (49,457)	$ (9,541)	$ 248,527

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share	$ 0.27	$ 0.26	$ 0.26	$ 0.27
Stock issued pursuant to stock-based compensation	9,292	8,968	66,625	34,092
Shares repurchased during period		46,778	128,779	154,593

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Certain amounts in prior-period financial statements have been reclassified to conform to the current period’s presentation. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.’s (the “Company” or “Cass”) Annual Report on Form 10-K for the year ended December 31, 2019. Risks and Uncertainties On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The Company has evaluated subsequent events after the consolidated balance sheet date of June 30, 2020 and the breadth of the impact of the global emergence of COVID-19 on the Company’s business is currently unknown. Cass is closely monitoring developments related to COVID-19 checking regularly for updated information and recommendations from the World Health Organization and the U.S. Centers for Disease Control and Prevention, from national, state, and local governments, and courses of action being taken by peers. Financial position and results of operations - The global health crisis caused by COVID-19 has and will continue to negatively impact business activity throughout the world. The COVID-19 outbreak and associated counter-acting measures implemented by governments around the world, as well as increased business uncertainty, are having an adverse impact on the Company’s financial results and are discussed in more detail below. When and if COVID-19 is demonstrably contained, the Company anticipates a rebound in economic activity; however, any such rebound is contingent upon the rate and effectiveness of the containment efforts deployed by federal, state, and local governments. In light of the evolving health, social, economic and business environment, governmental regulations or mandates, and business disruptions that have occurred and could continue to occur, the potential impact that COVID-19 could have on the Company’s financial condition and operating results remains highly uncertain. In response to COVID-19, the Federal Reserve has taken action to lower the Federal Funds rate, which has adversely affected interest income and therefore, the Company’s results of operations and financial condition. To the extent the business disruption continues for an extended period, additional cost management actions will be considered. Future asset impairment charges, increases in allowance for loan losses, or restructuring charges could be more likely and will be dependent on the severity and duration of this crisis. For payment processing services, business closures, including constrictions in the manufacturing sector, have led to a decrease in the number of transactions and dollars processed due to the decline in customers’ business activity. In addition, the dampened demand for oil and resulting plummet in oil prices has had, and can continue to have, a negative effect on both the number of freight transactions processed and the dollar amount of invoices processed. Other financial impact could occur though such potential impact is unknown at this time. Lending operations and credit Capital and liquidity - -8- The Company maintains access to multiple sources of liquidity. Wholesale funding markets have remained available, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company’s net interest margin. If an extended recession caused large numbers of the Bank’s customers to draw down deposits, the Company might become more reliant on volatile or more expensive sources of funding. Asset valuation - COVID-19 could cause a further and sustained decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, necessitate a goodwill or intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Processes, controls and business continuity - In the past several years, Cass has invested in sophisticated technology initiatives that enable employees to operate remotely with full system(s) access along with unified and transparent voice and electronic communications capabilities, ensuring seamless service delivery. The Company cannot predict when or how it will fully lift the actions put in place as part of the Business Continuity Plan, including work from home requirements and travel restrictions. Cass does not believe the work from home protocol has materially adversely impacted internal controls, financial reporting systems, or operations.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 2 – Intangible Assets The Company accounts for intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350, Goodwill and Other Intangible Assets Details of the Company’s intangible assets are as follows: June 30, 2020 December 31, 2019 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Assets eligible for amortization: Customer lists $ 4,778 $ (3,682) $ 4,778 $ (3,463) Patents 72 (22) 72 (20) Non-compete agreements 332 (332) 332 (332) Software 2,844 (545) 2,844 (358) Trade Name 190 (8) 190 (3) Other 500 (275) 500 (259) Unamortized intangible assets: Goodwill 1 14,489 (227) 14,489 (227) Total intangible assets $ 23,205 $ (5,091) $ 23,205 (4,662) 1 The customer lists are amortized over 7 18 2

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 – Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. Under the treasury stock method, stock appreciation rights (“SARs”) are dilutive when the average market price of the Company’s common stock, combined with the effect of any unamortized compensation expense, exceeds the SAR price during a period. Anti-dilutive shares are those SARs with prices in excess of the current market value. The calculations of basic and diluted earnings per share are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands except share and per share data) 2020 2019 2020 2019 Basic Net income $ 5,439 $ 7,684 $ 12,984 $ 15,847 Weighted-average common shares outstanding 14,349,040 14,434,232 14,385,927 14,444,821 Basic earnings per share $ .38 $ .53 $ .90 $ 1.10 Diluted Net income $ 5,439 $ 7,684 $ 12,984 $ 15,847 Weighted-average common shares outstanding 14,349,040 14,434,232 14,385,927 14,444,821 Effect of dilutive restricted stock and stock appreciation rights 196,159 258,032 201,930 255,613 Weighted-average common shares outstanding assuming dilution 14,545,199 14,692,264 14,587,857 14,700,434 Diluted earnings per share $ .37 $ .52 $ .89 $ 1.08

Stock Repurchases

Stock Repurchases	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stock Repurchases	Note 4 – Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which the Board of Directors has authorized the repurchase of up to 500,000 shares of the Company’s common stock. As restored by the Board of Directors on October 22, 2019, the program provides that the Company may repurchase up to an aggregate of 500,000 shares of common stock and has no expiration date. The Company repurchased 0 and 46,778 shares during the three-month periods ended June 30, 2020 and 2019 and 128,779 and 154,593 shares for the six-month periods ended June 30, 2020 and 2019, respectively. As of June 30, 2020, 371,221 shares remained available for repurchase under the program. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions. As of March 16, 2020, the Company has temporarily suspended the treasury stock buyback program.

Industry Segment Information

Industry Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Industry Segment Information	Note 5 – Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels. They are managed separately due to their unique service and processing requirements. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and faith-based ministries, including on-line generosity services, as well as supporting the banking needs of the Information Services segment. The Company’s accounting policies for segments are the same as those described in the summary of significant accounting policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Management evaluates segment performance based on tax-equivalized (as defined in the footnote to the chart on the following table) pre-tax income after allocations for corporate expenses. Transactions between segments are accounted for at what management believes to be fair value. Substantially all revenue originates from, and all long-lived assets are located within the United States, and no revenue from any customer of any segment exceeds 10% of the Company’s consolidated revenue. Funding sources represent average balances and deposits generated by Information Services and Banking Services and there is no allocation methodology used. Segment interest income is a function of the relative share of average funding sources generated by each segment multiplied by the following rates: -10- • Information Services – one or more fixed rates depending upon the specific characteristics of the funding source, and • Banking Services – a variable rate that is based upon the overall performance of the Company’s earning assets. Any difference between total segment interest income and overall total Company interest income is included in Corporate, Eliminations, and Other. Summarized information about the Company’s operations in each industry segment is as follows: (In thousands) Information Services Banking Services Corporate, Eliminations and Other Total Three Months Ended June 30, 2020: Fee income $ 22,460 $ 640 $ 74 $ 23,174 Interest income* 6,056 6,601 (541) 12,116 Interest expense — 481 — 481 Intersegment income (expense) — 556 (556) — Tax-equivalized pre-tax income* 4,537 2,981 (466) 7,052 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 939 2,913 — 3,852 Total assets 822,684 1,109,676 (103,376) 1,828,984 Average funding sources 680,061 746,619 — 1,426,680 Three Months Ended June 30, 2019: Fee income $ 27,227 $ 392 $ (247) $ 27,372 Interest income* 6,336 7,666 (144) 13,858 Interest expense — 1,305 — 1,305 Intersegment income (expense) — 535 (535) — Tax-equivalized pre-tax income* 6,791 3,555 (392) 9,954 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 650,231 570,980 — 1,221,211 Six Months Ended June 30, 2020: Fee income $ 47,900 $ 1,255 $ 1,114 $ 50,269 Interest income* 11,847 13,885 (794) 24,938 Interest expense — 1,446 — 1,446 Intersegment income (expense) — 1,081 (1,081) — Tax-equivalized pre-tax income* 10,744 5,684 322 16,750 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 939 2,913 — 3,852 Total assets 822,684 1,109,676 (103,376) 1,828,984 Average funding sources 678,945 678,877 — 1,357,822 Six Months Ended June 30, 2019: Fee income $ 54,023 $ 783 $ (421) $ 54,385 Interest income* 12,513 15,152 (369) 27,296 Interest expense — 2,595 — 2,595 Intersegment income (expense) — 1,054 (1,054) — Tax-equivalized pre-tax income* 14,378 6,815 (790) 20,403 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 648,918 581,034 — 1,229,952 * Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2020 and 2019. The tax-equivalent adjustment was approximately $474,000 and $531,000 for the Second Quarter of 2020 and 2019, respectively, and $958,000 and $1,072,000 for the First Half of 2020 and 2019, respectively.

Loans by Type

Loans by Type	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loan categories is as follows: (In thousands) June 30, 2020 December 31, 2019 Commercial and industrial $ 341,888 $ 323,857 Paycheck protection program (“PPP”) 172,563 — Real estate: Commercial: Mortgage 95,865 101,654 Construction 22,219 25,299 Faith-based: Mortgage $ 302,895 305,826 Construction $ 28,293 15,945 Other 3 57 Total loans $ 963,726 $ 772,638 -11- In support of the CARES Act, the Bank had processed nearly 350 applications for PPP loans of approximately $170,000,000 to provide much-needed cash to small business and self-employed taxpayers during the COVID-19 crisis. The loans were primarily made to existing bank customers and are 100% guaranteed by the Small Business Administration and no allowance for loan loss was recorded for these loans. The following table presents the aging of loans by loan categories at June 30, 2020 and December 31, 2019: Performing Nonperforming (In thousands) Current 30-59 Days 60-89 Days 90 Days and Over Non- accrual Total Loans June 30, 2020 Commercial and industrial $ 341,888 $ — $ — $ — $ — $ 341,888 PPP 172,563 — — — — 172,563 Real estate: Commercial: Mortgage 95,865 — — — — 95,865 Construction 22,219 — — — — 22,219 Faith-based: Mortgage 302,895 — — — — 302,895 Construction 28,293 — — — — 28,293 Other 3 — — — — 3 Total $ 963,726 $ — $ — $ — $ — $ 963,726 December 31, 2019 Commercial and industrial $ 323,857 $ — $ — $ — $ — $ 323,857 Real estate: Commercial: Mortgage 101,654 — — — — 101,654 Construction 25,299 — — — — 25,299 Faith-based: Mortgage 305,826 — — — — 305,826 Construction 15,945 — — — — 15,945 Other 57 — — — — 57 Total $ 772,638 $ — $ — $ — $ — $ 772,638 The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of June 30, 2020 and December 31, 2019: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans June 30, 2020 Commercial and industrial $ 328,740 $ 13,148 $ — $ 341,888 PPP 172,563 — — 172,563 Real estate: Commercial: Mortgage 94,655 1,210 — 95,865 Construction 22,219 — — 22,219 Faith-based: Mortgage 301,623 1,272 — 302,895 Construction 28,293 — — 28,293 Other 3 — — 3 Total $ 948,096 $ 15,630 $ — $ 963,726 December 31, 2019 Commercial and industrial $ 321,554 $ 2,303 $ — $ 323,857 Real estate: Commercial: Mortgage 100,346 1,308 — 101,654 Construction 25,299 — — 25,299 Faith-based: Mortgage 304,513 1,313 — 305,826 Construction 15,945 — — 15,945 Other 57 — — 57 Total $ 767,714 $ 4,924 $ — $ 772,638 1 2 -12- A loan is considered impaired when it is probable that a creditor will be unable to collect all amounts due, both principal and interest, according to the contractual terms of the loan agreement. When measuring impairment, the expected future cash flows of an impaired loan are discounted at the loan's effective interest rate. Alternatively, impairment could be measured by reference to an observable market price, if one exists, or the fair value of the collateral for a collateral-dependent loan. Regardless of the historical measurement method used, the Company measures impairment based on the fair value of the collateral when the Company determines foreclosure is probable. Additionally, impairment of a restructured loan is measured by discounting the total expected future cash flows at the loan's effective rate of interest as stated in the original loan agreement. To measure impairment at June 30, 2020, the optional use of the practical expedient to use the fair value of collateral was utilized. The Company uses its nonaccrual methods as discussed in greater detail in the Company’s 2019 Annual Report on Form 10-K. Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and nonperforming. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. Management measures impairment in accordance with FASB ASC 310, Allowance for Credit Losses. The fair value of the collateral is based upon an observable market price or current appraised value and therefore, the Company classifies these assets as nonrecurring Level 3. There were no non-accrual loans or loans delinquent 90 days or more and still accruing interest at June 30, 2020 or December 31, 2019. There were two loans classified as troubled debt restructurings totaling $9,682,000 and one loan that was considered impaired totaling $2,500,000 at June 30, 2020 and none at December 31, 2019. There were no foreclosed loans recorded as other real estate owned (included in other assets) as of June 30, 2020 or December 31, 2019. The following table presents the recorded investment and unpaid principal balance for impaired loans at June 30, 2020. There were no impaired loans at December 31, 2019 or June 30, 2019. (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance for Loan Losses Commercial and industrial: $ 11,135 $ 11,135 $ 500 Real estate: Faith-based: Mortgage 1,047 1,047 — Total impaired loans $ 12,182 $ 12,182 $ 500 A summary of the activity in the allowance for loan losses from December 31, 2019 to June 30, 2020 is as follows: (In thousands) December 31, 2019 Charge- Offs Recoveries Provision June 30, 2020 Commercial and industrial $ 4,874 $ — $ 10 $ 686 $ 5,570 Real estate: Commercial: Mortgage 1,528 — — (60) 1,468 Construction 191 — — (21) 170 Faith-based: Mortgage 3,842 — 1 21 3,864 Construction 121 — — 99 220 Total $ 10,556 $ — $ 11 $ 725 $ 11,292 A summary of the activity in the allowance for loan losses from December 31, 2018 to June 30, 2019 is as follows: (In thousands) December 31, 2018 Charge- Offs Recoveries Provision June 30, 2019 Commercial and industrial $ 4,179 $ — $ 31 $ 1,058 $ 5,268 Real estate: Commercial: Mortgage 1,417 — — (148) 1,269 Construction 89 — — 51 140 Faith-based: Mortgage 3,961 — — 36 3,997 Construction 155 — — (24) 131 Other 424 — — (723) (299) Total $ 10,225 $ — $ 31 $ 250 $ 10,506

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 – Commitments and Contingencies In the normal course of business, the Company is party to activities that contain credit, market and operational risks that are not reflected in whole or in part in the Company’s consolidated financial statements. Such activities include traditional off-balance sheet credit-related financial instruments and commitments under operating leases. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Company’s maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. At June 30, 2020 and December 31, 2019, no amounts have been accrued for any estimated losses for these instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commercial and standby letters of credit are conditional commitments issued by the Company or its subsidiaries to guarantee the performance of a customer to a third party. These off-balance sheet financial instruments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At June 30, 2020, the balance of unused loan commitments, standby and commercial letters of credit were $197,932,000, $10,710,000, and $650,000, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. Commitments to extend credit and letters of credit are subject to the same underwriting standards as those financial instruments included on the consolidated balance sheets. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of the credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but is generally accounts receivable, inventory, residential or income-producing commercial property or equipment. In the event of nonperformance, the Company or its subsidiaries may obtain and liquidate the collateral to recover amounts paid under guarantees on these financial instruments. -13- The following table summarizes contractual cash obligations of the Company related to time deposits at June 30, 2020: Amount of Commitment Expiration per Period (In thousands) Total Less than 1 Year 1-3 Years 3-5 Years Over 5 Years Time deposits $ 68,246 $ 46,188 $ 21,922 $ 136 $ — The Company and its subsidiaries are involved in various pending legal actions and proceedings in which claims for damages are asserted. Management, after discussion with legal counsel, believes the ultimate resolution of these legal actions and proceedings will not have a material effect upon the Company’s consolidated financial position or results of operations.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 8 – Stock-Based Compensation The Amended and Restated Omnibus Stock and Performance Compensation Plan (the “Omnibus Plan”) permits the issuance of up to 1,500,000 shares of the Company’s common stock in the form of stock options, SARs, restricted stock, restricted stock units and performance awards. The Company may issue shares out of treasury stock for these awards. During the six months ended June 30, 2020, 32,403 restricted shares, 32,910 performance-based restricted shares, and no SARs were granted under the Omnibus Plan. Stock-based compensation expense for the three months ended June 30, 2020 and 2019 was $756,000 and $560,000, respectively, and $1,478,000 and $1,417,000 for the six months ended June 30, 2020 and 2019, respectively. Restricted Stock Restricted shares granted to Company employees are amortized to expense over the three-year cliff vesting period. Restricted shares granted to members of the Board of Directors are amortized to expense over a one-year service period, with the exception of those shares granted in lieu of cash payments for retainer fees which are expensed in the period earned. As of June 30, 2020, the total unrecognized compensation expense related to non-vested restricted shares was $2,023,000, and the related weighted-average period over which it is expected to be recognized is approximately .84 years. Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2020 Shares Fair Value Balance at December 31, 2019 123,272 $ 47.24 Granted 32,403 48.21 Vested (20,369) 49.32 Forfeited (4,962) 50.08 Balance at June 30, 2020 130,344 $ 47.05 Performance-Based Restricted Stock The Company has granted three-year performance based restricted stock (“PBRS”) awards which are contingent upon the Company’s achievement of pre-established financial goals over a three-year cliff vest period. The number of shares issued ranges from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the three-year performance period. -14- Following is a summary of the activity of the PBRS, based on target value: Three Months Ended June 30, 2020 Shares Fair Value Balance at December 31, 2019 102,116 $ 49.13 Granted 32,910 54.02 Vested (29,175) 49.33 Forfeited (7,441) 50.08 Balance at June 30, 2020 98,410 $ 50.64 The PBRS that vested during the six months ended June 30, 2020 achieved financial goals of 117.3%, resulting in the issuance of 34,222 shares of common stock. The outstanding PBRS at June 30, 2020 will vest at scheduled vesting dates and the actual number of shares of common stock issued will range from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the respective three-year performance period. SARs There were no SARs granted and no expense recognized during the three months ended June 30, 2020. Following is a summary of the activity of the Company’s SARs program for the three-month period ended June 30, 2020: Shares Weighted- Average Exercise Price Average Remaining Contractual Term Years Aggregate Intrinsic Value (In thousands) Balance at December 31, 2019 155,292 $ 32.58 2.92 $ 3,908 Exercised (10,293) 26.72 — — Exercisable at June 30, 2020 144,999 $ 32.99 2.46 $ 1,109 There were no non-vested SARs at June 30, 2020.

Defined Pension Plans

Defined Pension Plans	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Defined Pension Plans	Note 9 – Defined Pension Plans The Company has a noncontributory defined-benefit pension plan, which covers eligible employees. Effective December 31, 2016, the plan was closed to all new participants. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs: (In thousands) Estimated 2020 Actual 2019 Service cost – benefits earned during the year $ 4,312 $ 3,555 Interest cost on projected benefit obligations 3,903 4,103 Expected return on plan assets (6,051) (4,753) Net amortization 1,890 1,559 Net periodic pension cost $ 4,054 $ 4,464 Pension costs recorded to expense were $1,027,000 and $1,186,000 for the three-month periods ended June 30, 2020 and 2019, respectively and $2,056,000 and $2,365,000 for the six-month periods ended June 30, 2020 and 2019, respectively. Pension costs decreased in 2020 primarily due to improved asset performance and a contribution made during 2019, which were partially offset by a decrease in the discount rate. The Company made no contribution to the plan during the six-month period ended June 30, 2020 and is evaluating the amount of additional contributions, if any, in the remainder of 2020. -15- In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2019 and an estimate for 2020: (In thousands) Estimated 2020 Actual 2019 Service cost – benefits earned during the year $ 121 $ 97 Interest cost on projected benefit obligation 347 408 Net amortization 112 276 Net periodic pension cost $ 580 $ 781 Pension costs recorded to expense were $145,000 and $196,000 for the three-month periods ended June 30, 2020 and 2019, respectively, and were $290,000 and $391,000 for the six-month periods ended June 30, 2020 and 2019, respectively. Pension costs decreased primarily due to the unrecognized loss being amortized over the remaining expected life of the participants rather than the remaining expected service period as almost all of the plan’s participants are inactive. This was partially offset by a decrease in the discount rate.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes The effective tax rate was 17.3% and 18.5% for the three-month periods ended June 30, 2020 and 2019, respectively, and 17.8% and 18.0% for the six-month periods ended June 30, 2020 and 2019, respectively. The 2020 and 2019 effective tax rates for the three and six-month periods differ from the statutory rate of 21% primarily due to the tax-exempt interest received from municipal bonds.

Investment in Securities

Investment in Securities	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Investment in Securities	Note 11 – Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: June 30, 2020 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and political subdivisions $ 287,151 $ 18,615 $ — $ 305,766 U.S. government agencies 72,589 1,366 — 73,955 Certificates of deposit 250 — — 250 Total $ 359,990 $ 19,981 $ — $ 379,971 December 31, 2019 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and political subdivisions $ 310,720 $ 13,727 $ — $ 324,447 U.S. government agencies 97,380 507 169 97,718 Certificates of deposit 500 — — 500 Total $ 408,600 $ 14,234 $ 169 $ 422,665 -16- The fair values of securities with unrealized losses at December 31, 2019 are as follows: December 31, 2019 Less than 12 months 12 months or more Total (In thousands) Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses State and political subdivisions $ — $ — $ — $ — $ — $ — U.S. government agencies 3,801 12 17,593 157 21,394 169 Certificates of deposit — — — — — — Total $ 3,801 $ 12 $ 17,593 $ 157 $ 21,394 $ 169 There were no securities in an unrealized loss position as of June 30, 2020. There were 9 securities, or 3% of the total (7 greater than 12 months), in an unrealized loss position as of December 31, 2019. The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. June 30, 2020 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 54,652 $ 55,208 Due after 1 year through 5 years 85,421 89,213 Due after 5 years through 10 years 188,475 202,974 Due after 10 years 31,442 32,576 Total $ 359,990 $ 379,971 Proceeds from sales of investment securities classified as available-for-sale were $0 and $3,547,000 for the three months ended June 30, 2020 and 2019, respectively, and were $19,629,000 and $4,648,000 for the six months ended June 30, 2020 and 2019, respectively. There were no realized gains for the 3 months ended June 30, 2020 while there were gross realized gains of $8,000 for the three months ended June 30, 2019. Gross realized gains were $1,069,000 and $19,000 for the six months ended June 30, 2020 and 2019, respectively. There were no securities pledged to secure public deposits and for other purposes at June 30, 2020.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 12 – Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: June 30, 2020 December 31, 2019 (In thousands) Carrying Amount Fair Value Carrying Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 232,139 $ 232,139 $ 203,954 $ 203,954 Investment securities 379,971 379,971 422,665 422,665 Loans, net 952,434 953,118 762,082 776,653 Accrued interest receivable 6,582 6,582 6,706 6,706 Total $ 1,571,126 $ 1,571,810 $ 1,395,407 $ 1,409,978 Balance sheet liabilities: Deposits $ 825,956 $ 825,956 $ 757,136 $ 757,790 Accounts and drafts payable 687,538 687,538 684,295 684,295 Accrued interest payable 119 119 103 103 Total $ 1,513,613 $ 1,513,613 $ 1,441,534 $ 1,442,188 -17- The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents Investment in Securities Loans Accrued Interest Receivable Deposits Accounts and Drafts Payable Accrued Interest No financial instruments are measured using Level 3 inputs for the three months ended June 30, 2020 and 2019.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 13 – Revenue from Contracts with Customers The services that fall within the scope of FASB ASC 606, Revenue from Contracts with Customers Invoice processing fees Invoice payment fees Bank service fees OREO -18- For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands) 2020 2019 2020 2019 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 17,923 $ 20,447 $ 37,047 $ 40,989 Invoice payment fees 4,738 6,405 11,117 12,320 Information services payment and processing revenue 22,661 26,852 48,164 53,309 Bank service fees 398 301 808 677 Fee revenue (in-scope of FASB ASC 606) 23,059 27,153 48,972 53,986 Other income (out-of-scope of FASB ASC 606) 115 219 1,297 399 Total fee revenue and other income 23,174 27,372 50,269 54,385 Net interest income after provision for loan losses (out-of-scope of  FASB ASC 606) 1 10,761 12,022 21,809 23,379 Total net revenue $ 33,935 $ 39,394 $ 72,078 $ 77,764 1

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 14 – Leases On January 1, 2019, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02 – Leases (ASC Topic 842) A maturity analysis of operating lease liabilities and undiscounted cash flows for the three months ended June 30, 2020 was as follows: (In thousands) June 30, 2020 Lease payments due Less than 1 year $ 1,856 1-2 years 1,688 2-3 years 1,348 3-4 years 499 4-5 years 509 Over 5 years 2,279 Total undiscounted cash flows 8,179 Discount on cash flows 1,263 Total lease liability $ 6,916 There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the six months ended June 30, 2020. At June 30, 2020, the Company did not have any leases that had not yet commenced.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 15 – Subsequent Events In accordance with FASB ASC 855, Subsequent Events

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Company's Intangible Assets	Details of the Company’s intangible assets are as follows: June 30, 2020 December 31, 2019 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Assets eligible for amortization: Customer lists $ 4,778 $ (3,682) $ 4,778 $ (3,463) Patents 72 (22) 72 (20) Non-compete agreements 332 (332) 332 (332) Software 2,844 (545) 2,844 (358) Trade Name 190 (8) 190 (3) Other 500 (275) 500 (259) Unamortized intangible assets: Goodwill 1 14,489 (227) 14,489 (227) Total intangible assets $ 23,205 $ (5,091) $ 23,205 (4,662) 1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. Under the treasury stock method, stock appreciation rights (“SARs”) are dilutive when the average market price of the Company’s common stock, combined with the effect of any unamortized compensation expense, exceeds the SAR price during a period. Anti-dilutive shares are those SARs with prices in excess of the current market value. The calculations of basic and diluted earnings per share are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands except share and per share data) 2020 2019 2020 2019 Basic Net income $ 5,439 $ 7,684 $ 12,984 $ 15,847 Weighted-average common shares outstanding 14,349,040 14,434,232 14,385,927 14,444,821 Basic earnings per share $ .38 $ .53 $ .90 $ 1.10 Diluted Net income $ 5,439 $ 7,684 $ 12,984 $ 15,847 Weighted-average common shares outstanding 14,349,040 14,434,232 14,385,927 14,444,821 Effect of dilutive restricted stock and stock appreciation rights 196,159 258,032 201,930 255,613 Weighted-average common shares outstanding assuming dilution 14,545,199 14,692,264 14,587,857 14,700,434 Diluted earnings per share $ .37 $ .52 $ .89 $ 1.08

Industry Segment Information (T

Industry Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Company's Operations in Each Segment	Summarized information about the Company’s operations in each industry segment is as follows: (In thousands) Information Services Banking Services Corporate, Eliminations and Other Total Three Months Ended June 30, 2020: Fee income $ 22,460 $ 640 $ 74 $ 23,174 Interest income* 6,056 6,601 (541) 12,116 Interest expense — 481 — 481 Intersegment income (expense) — 556 (556) — Tax-equivalized pre-tax income* 4,537 2,981 (466) 7,052 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 939 2,913 — 3,852 Total assets 822,684 1,109,676 (103,376) 1,828,984 Average funding sources 680,061 746,619 — 1,426,680 Three Months Ended June 30, 2019: Fee income $ 27,227 $ 392 $ (247) $ 27,372 Interest income* 6,336 7,666 (144) 13,858 Interest expense — 1,305 — 1,305 Intersegment income (expense) — 535 (535) — Tax-equivalized pre-tax income* 6,791 3,555 (392) 9,954 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 650,231 570,980 — 1,221,211 Six Months Ended June 30, 2020: Fee income $ 47,900 $ 1,255 $ 1,114 $ 50,269 Interest income* 11,847 13,885 (794) 24,938 Interest expense — 1,446 — 1,446 Intersegment income (expense) — 1,081 (1,081) — Tax-equivalized pre-tax income* 10,744 5,684 322 16,750 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 939 2,913 — 3,852 Total assets 822,684 1,109,676 (103,376) 1,828,984 Average funding sources 678,945 678,877 — 1,357,822 Six Months Ended June 30, 2019: Fee income $ 54,023 $ 783 $ (421) $ 54,385 Interest income* 12,513 15,152 (369) 27,296 Interest expense — 2,595 — 2,595 Intersegment income (expense) — 1,054 (1,054) — Tax-equivalized pre-tax income* 14,378 6,815 (790) 20,403 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 648,918 581,034 — 1,229,952 * Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2020 and 2019. The tax-equivalent adjustment was approximately $474,000 and $531,000 for the Second Quarter of 2020 and 2019, respectively, and $958,000 and $1,072,000 for the First Half of 2020 and 2019, respectively.

Loans by Type (Tables)

Loans by Type (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: (In thousands) June 30, 2020 December 31, 2019 Commercial and industrial $ 341,888 $ 323,857 Paycheck protection program (“PPP”) 172,563 — Real estate: Commercial: Mortgage 95,865 101,654 Construction 22,219 25,299 Faith-based: Mortgage $ 302,895 305,826 Construction $ 28,293 15,945 Other 3 57 Total loans $ 963,726 $ 772,638
Schedule of the Aging Loans by Loan Categories	The following table presents the aging of loans by loan categories at June 30, 2020 and December 31, 2019: Performing Nonperforming (In thousands) Current 30-59 Days 60-89 Days 90 Days and Over Non- accrual Total Loans June 30, 2020 Commercial and industrial $ 341,888 $ — $ — $ — $ — $ 341,888 PPP 172,563 — — — — 172,563 Real estate: Commercial: Mortgage 95,865 — — — — 95,865 Construction 22,219 — — — — 22,219 Faith-based: Mortgage 302,895 — — — — 302,895 Construction 28,293 — — — — 28,293 Other 3 — — — — 3 Total $ 963,726 $ — $ — $ — $ — $ 963,726 December 31, 2019 Commercial and industrial $ 323,857 $ — $ — $ — $ — $ 323,857 Real estate: Commercial: Mortgage 101,654 — — — — 101,654 Construction 25,299 — — — — 25,299 Faith-based: Mortgage 305,826 — — — — 305,826 Construction 15,945 — — — — 15,945 Other 57 — — — — 57 Total $ 772,638 $ — $ — $ — $ — $ 772,638
Schedule of Credit Exposure of the Loan Portfolio	The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of June 30, 2020 and December 31, 2019: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans June 30, 2020 Commercial and industrial $ 328,740 $ 13,148 $ — $ 341,888 PPP 172,563 — — 172,563 Real estate: Commercial: Mortgage 94,655 1,210 — 95,865 Construction 22,219 — — 22,219 Faith-based: Mortgage 301,623 1,272 — 302,895 Construction 28,293 — — 28,293 Other 3 — — 3 Total $ 948,096 $ 15,630 $ — $ 963,726 December 31, 2019 Commercial and industrial $ 321,554 $ 2,303 $ — $ 323,857 Real estate: Commercial: Mortgage 100,346 1,308 — 101,654 Construction 25,299 — — 25,299 Faith-based: Mortgage 304,513 1,313 — 305,826 Construction 15,945 — — 15,945 Other 57 — — 57 Total $ 767,714 $ 4,924 $ — $ 772,638 1 2
Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans	The following table presents the recorded investment and unpaid principal balance for impaired loans at June 30, 2020. There were no impaired loans at December 31, 2019 or June 30, 2019. (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance for Loan Losses Commercial and industrial: $ 11,135 $ 11,135 $ 500 Real estate: Faith-based: Mortgage 1,047 1,047 — Total impaired loans $ 12,182 $ 12,182 $ 500
Summary of the Allowance for Loan Losses	A summary of the activity in the allowance for loan losses from December 31, 2019 to June 30, 2020 is as follows: (In thousands) December 31, 2019 Charge- Offs Recoveries Provision June 30, 2020 Commercial and industrial $ 4,874 $ — $ 10 $ 686 $ 5,570 Real estate: Commercial: Mortgage 1,528 — — (60) 1,468 Construction 191 — — (21) 170 Faith-based: Mortgage 3,842 — 1 21 3,864 Construction 121 — — 99 220 Total $ 10,556 $ — $ 11 $ 725 $ 11,292 A summary of the activity in the allowance for loan losses from December 31, 2018 to June 30, 2019 is as follows: (In thousands) December 31, 2018 Charge- Offs Recoveries Provision June 30, 2019 Commercial and industrial $ 4,179 $ — $ 31 $ 1,058 $ 5,268 Real estate: Commercial: Mortgage 1,417 — — (148) 1,269 Construction 89 — — 51 140 Faith-based: Mortgage 3,961 — — 36 3,997 Construction 155 — — (24) 131 Other 424 — — (723) (299) Total $ 10,225 $ — $ 31 $ 250 $ 10,506

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Cash Obligation of Operating Lease Commitments	The following table summarizes contractual cash obligations of the Company related to time deposits at June 30, 2020: Amount of Commitment Expiration per Period (In thousands) Total Less than 1 Year 1-3 Years 3-5 Years Over 5 Years Time deposits $ 68,246 $ 46,188 $ 21,922 $ 136 $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Restricted Stock Activity	Following is a summary of the activity of the PBRS, based on target value: Three Months Ended June 30, 2020 Shares Fair Value Balance at December 31, 2019 102,116 $ 49.13 Granted 32,910 54.02 Vested (29,175) 49.33 Forfeited (7,441) 50.08 Balance at June 30, 2020 98,410 $ 50.64
Summary of PBRS Activity	There were no SARs granted and no expense recognized during the three months ended June 30, 2020. Following is a summary of the activity of the Company’s SARs program for the three-month period ended June 30, 2020: Shares Weighted- Average Exercise Price Average Remaining Contractual Term Years Aggregate Intrinsic Value (In thousands) Balance at December 31, 2019 155,292 $ 32.58 2.92 $ 3,908 Exercised (10,293) 26.72 — — Exercisable at June 30, 2020 144,999 $ 32.99 2.46 $ 1,109
Summary of SARs Activity	Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2020 Shares Fair Value Balance at December 31, 2019 123,272 $ 47.24 Granted 32,403 48.21 Vested (20,369) 49.32 Forfeited (4,962) 50.08 Balance at June 30, 2020 130,344 $ 47.05

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Costs	The Company has a noncontributory defined-benefit pension plan, which covers eligible employees. Effective December 31, 2016, the plan was closed to all new participants. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs: (In thousands) Estimated 2020 Actual 2019 Service cost – benefits earned during the year $ 4,312 $ 3,555 Interest cost on projected benefit obligations 3,903 4,103 Expected return on plan assets (6,051) (4,753) Net amortization 1,890 1,559 Net periodic pension cost $ 4,054 $ 4,464
Schedule of Unfunded Supplemental Executive Retirement Plan	In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2019 and an estimate for 2020: (In thousands) Estimated 2020 Actual 2019 Service cost – benefits earned during the year $ 121 $ 97 Interest cost on projected benefit obligation 347 408 Net amortization 112 276 Net periodic pension cost $ 580 $ 781

Investment in Securities (Table

Investment in Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: June 30, 2020 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and political subdivisions $ 287,151 $ 18,615 $ — $ 305,766 U.S. government agencies 72,589 1,366 — 73,955 Certificates of deposit 250 — — 250 Total $ 359,990 $ 19,981 $ — $ 379,971 December 31, 2019 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and political subdivisions $ 310,720 $ 13,727 $ — $ 324,447 U.S. government agencies 97,380 507 169 97,718 Certificates of deposit 500 — — 500 Total $ 408,600 $ 14,234 $ 169 $ 422,665
Schedule of the Fair Value of Securities with Unrealized Losses	The fair values of securities with unrealized losses at December 31, 2019 are as follows: December 31, 2019 Less than 12 months 12 months or more Total (In thousands) Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses State and political subdivisions $ — $ — $ — $ — $ — $ — U.S. government agencies 3,801 12 17,593 157 21,394 169 Certificates of deposit — — — — — — Total $ 3,801 $ 12 $ 17,593 $ 157 $ 21,394 $ 169
Schedule of Amortized Cost and Fair Value of Investment	The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. June 30, 2020 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 54,652 $ 55,208 Due after 1 year through 5 years 85,421 89,213 Due after 5 years through 10 years 188,475 202,974 Due after 10 years 31,442 32,576 Total $ 359,990 $ 379,971

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Summary of the Fair Value of Financial Instruments	Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: June 30, 2020 December 31, 2019 (In thousands) Carrying Amount Fair Value Carrying Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 232,139 $ 232,139 $ 203,954 $ 203,954 Investment securities 379,971 379,971 422,665 422,665 Loans, net 952,434 953,118 762,082 776,653 Accrued interest receivable 6,582 6,582 6,706 6,706 Total $ 1,571,126 $ 1,571,810 $ 1,395,407 $ 1,409,978 Balance sheet liabilities: Deposits $ 825,956 $ 825,956 $ 757,136 $ 757,790 Accounts and drafts payable 687,538 687,538 684,295 684,295 Accrued interest payable 119 119 103 103 Total $ 1,513,613 $ 1,513,613 $ 1,441,534 $ 1,442,188

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from Contracts with Customers	OREO -18- For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands) 2020 2019 2020 2019 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 17,923 $ 20,447 $ 37,047 $ 40,989 Invoice payment fees 4,738 6,405 11,117 12,320 Information services payment and processing revenue 22,661 26,852 48,164 53,309 Bank service fees 398 301 808 677 Fee revenue (in-scope of FASB ASC 606) 23,059 27,153 48,972 53,986 Other income (out-of-scope of FASB ASC 606) 115 219 1,297 399 Total fee revenue and other income 23,174 27,372 50,269 54,385 Net interest income after provision for loan losses (out-of-scope of  FASB ASC 606) 1 10,761 12,022 21,809 23,379 Total net revenue $ 33,935 $ 39,394 $ 72,078 $ 77,764 1

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and undiscounted cash flows for the three months ended June 30, 2020 was as follows: (In thousands) June 30, 2020 Lease payments due Less than 1 year $ 1,856 1-2 years 1,688 2-3 years 1,348 3-4 years 499 4-5 years 509 Over 5 years 2,279 Total undiscounted cash flows 8,179 Discount on cash flows 1,263 Total lease liability $ 6,916

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 214	$ 102	$ 429	$ 209
2020	859		859
2021	859		859
2022	540		540
2023	540		540
2024	$ 498		$ 498
Customer Lists [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			7 years
Customer Lists [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			10 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			18 years
Non-compete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			2 years
Non-compete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			5 years
Software [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			3 years
Software [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			7 years
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			20 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			15 years

Intangible Assets (Schedule of

Intangible Assets (Schedule of Company's Intangible Assets) (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Unamortized intangible assets:
Goodwill, Gross Carrying Amount	[1]	$ 14,489	$ 14,489
Goodwill, Accumulated Amortization	[1]	(227)	(227)
Total intangible assets		23,205	23,205
Accumulated Amortization		(5,091)	(4,662)
Customer Lists [Member]
Assets eligible for amortization:
Gross Carrying Amount		4,778	4,778
Accumulated Amortization		(3,682)	(3,463)
Patents [Member]
Assets eligible for amortization:
Gross Carrying Amount		72	72
Accumulated Amortization		(22)	(20)
Non-compete Agreements [Member]
Assets eligible for amortization:
Gross Carrying Amount		332	332
Accumulated Amortization		(332)	(332)
Software [Member]
Assets eligible for amortization:
Gross Carrying Amount		2,844	2,844
Accumulated Amortization		(545)	(358)
Trade Name [Member]
Assets eligible for amortization:
Gross Carrying Amount		190	190
Accumulated Amortization		(8)	(3)
Other [Member]
Assets eligible for amortization:
Gross Carrying Amount		500	500
Accumulated Amortization		$ (275)	$ (259)
[1]	Amortization through December 31, 2001 prior to adoption of FASB ASC 350.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic:
Net income	$ 5,439	$ 7,684	$ 12,984	$ 15,847
Weighted-average common shares outstanding	14,349,040	14,434,232	14,385,927	14,444,821
Basic earnings per share	$ 0.38	$ 0.53	$ 0.90	$ 1.10
Diluted:
Net Income	$ 5,439	$ 7,684	$ 12,984	$ 15,847
Weighted-average common shares outstanding	14,349,040	14,434,232	14,385,927	14,444,821
Effect of dilutive restricted stock and stock appreciation rights	196,159	258,032	201,930	255,613
Weighted-average common shares outstanding assuming dilution	14,545,199	14,692,264	14,587,857	14,700,434
Diluted earnings per share	$ 0.37	$ 0.52	$ 0.89	$ 1.08

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Equity [Abstract]
Number of shares authorized to be repurchased	500,000		500,000
Shares repurchased	0	46,778	128,779	154,593
Remaining number of shares available for repurchase	371,221		371,221

Industry Segment Information (D

Industry Segment Information (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
Fee revenue and other income:
Fee income		$ 23,174	$ 27,372	$ 50,269	$ 54,385
Interest income	[1]	12,116	13,858	24,938	27,296
Interest expense		481	1,305	1,446	2,595
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	7,052	9,954	16,750	20,403
Goodwill		14,262	12,569	14,262	12,569	$ 14,262
Other intangible assets, net		3,852	1,345	3,852	1,345
Total assets		1,828,984	1,728,684	1,828,984	1,728,684	$ 1,764,243
Average funding sources		1,426,680	1,221,211	$ 1,357,822	$ 1,229,952
Tax-equivalent basis tax rate				21.00%	21.00%
Tax-equivalent adjustment		474	531	$ 958	$ 1,072
Information Services [Member]
Fee revenue and other income:
Fee income		22,460	27,227	47,900	54,023
Interest income	[1]	6,056	6,336	11,847	12,513
Interest expense
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	4,537	6,791	10,744	14,378
Goodwill		12,433	12,433	12,433	12,433
Other intangible assets, net		939	1,345	939	1,345
Total assets		822,684	934,620	822,684	934,620
Average funding sources		680,061	650,231	678,945	648,918
Banking Services [Member]
Fee revenue and other income:
Fee income		640	392	1,255	783
Interest income	[1]	6,601	7,666	13,885	15,152
Interest expense		481	1,305	1,446	2,595
Intersegment income (expense)		556	535	1,081	1,054
Tax-equivalized pre-tax income	[1]	2,981	3,555	5,684	6,815
Goodwill		1,829	136	1,829	136
Other intangible assets, net		2,913		2,913
Total assets		1,109,676	816,661	1,109,676	816,661
Average funding sources		746,619	570,980	678,877	581,034
Corporate, Eliminations and Other [Member]
Fee revenue and other income:
Fee income		74	(247)	1,114	(421)
Interest income	[1]	(541)	(144)	(794)	(369)
Interest expense
Intersegment income (expense)		(556)	(535)	(1,081)	(1,054)
Tax-equivalized pre-tax income	[1]	(466)	(392)	322	(790)
Goodwill
Other intangible assets, net
Total assets		(103,376)	(22,597)	(103,376)	(22,597)
Average funding sources
[1]	Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2020 and 2019. The tax-equivalent adjustment was approximately $474,000 and $531,000 for the Second Quarter of 2020 and 2019, respectively, and $958,000 and $1,072,000 for the First Half of 2020 and 2019, respectively.

Loans by Type (Narrative) (Deta

Loans by Type (Narrative) (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Receivables [Abstract]
Number of PPP loans processed during Covid 19	350
Loan processed under PPP loans during Covid 19	$ 170,000
Percentage of guarantee by small business administration during Covid 19	100.00%
Impaired loans, ALLL	$ 2,500
Loans classified as troubled debt restructuring	$ 9,682

Loans by Type (Summary of Loan

Loans by Type (Summary of Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Participating Mortgage Loans [Line Items]
Loans	$ 963,726	$ 772,638
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans	341,888	323,857
Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Loans	172,563
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	95,865	101,654
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	22,219	25,299
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	302,895	305,826
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	28,293	15,945
Other Loan [Member]
Participating Mortgage Loans [Line Items]
Loans	$ 3	$ 57

Loans by Type (Schedule of the

Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	963,726	772,638
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	341,888	323,857
Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	172,563
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	95,865	101,654
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	22,219	25,299
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	302,895	305,826
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	28,293	15,945
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	3	57
Current [Member]
Participating Mortgage Loans [Line Items]
Current	963,726	772,638
Current [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Current	341,888	323,857
Current [Member] | Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Current	172,563
Current [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	95,865	101,654
Current [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Current	22,219	25,299
Current [Member] | Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	302,895	305,826
Current [Member] | Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Current	28,293	15,945
Current [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Current	3	57
30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due

Loans by Type (Schedule of th_2

Loans by Type (Schedule of the Credit Exposure of the Loan Portfolio) (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Participating Mortgage Loans [Line Items]
Loans		$ 963,726	$ 772,638
Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	948,096	767,714
Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	15,630	4,924
Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans		341,888	323,857
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	328,740	321,554
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	13,148	2,303
Commercial and Industrial [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Paycheck protection program ("PPP") [Member]
Participating Mortgage Loans [Line Items]
Loans		172,563
Paycheck protection program ("PPP") [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	172,563
Paycheck protection program ("PPP") [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Paycheck protection program ("PPP") [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		95,865	101,654
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	94,655	100,346
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,210	1,308
Real Estate Commercial Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		22,219	25,299
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	22,219	25,299
Real Estate Commercial Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		302,895	305,826
Real Estate Faith-based Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	301,623	304,513
Real Estate Faith-based Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,272	1,313
Real Estate Faith-based Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		28,293	15,945
Real Estate Faith-based Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	28,293	15,945
Real Estate Faith-based Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Faith-based Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Loans		3	57
Other Financing Receivable [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	3	57
Other Financing Receivable [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other Financing Receivable [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
[1]	Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
[2]	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Loans by Type (Schedule of Reco

Loans by Type (Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Related Allowance for Loan Losses	$ 2,500
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,135
Unpaid Principal Balance	11,135
Related Allowance for Loan Losses	500
Real Estate Faith-based Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,047
Unpaid Principal Balance	1,047
Related Allowance for Loan Losses
Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	12,182
Unpaid Principal Balance	12,182
Related Allowance for Loan Losses	$ 500

Loans by Type (Summary of Allow

Loans by Type (Summary of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Participating Mortgage Loans [Line Items]
Beginning Balance	$ 10,556	$ 10,225
Charge-Offs
Recoveries	11	31
Provision	725	250
Ending Balance	11,292	10,506
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	4,874	4,179
Charge-Offs
Recoveries	10	31
Provision	686	1,058
Ending Balance	5,570	5,268
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	1,528	1,417
Charge-Offs
Recoveries
Provision	(60)	(148)
Ending Balance	1,468	1,269
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	191	89
Charge-Offs
Recoveries
Provision	(21)	51
Ending Balance	170	140
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,842	3,961
Charge-Offs
Recoveries	1
Provision	21	36
Ending Balance	3,864	3,997
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	121	155
Charge-Offs
Recoveries
Provision	99	(24)
Ending Balance	$ 220	131
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance		424
Charge-Offs
Recoveries
Provision		(723)
Ending Balance		$ (299)

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Thousands	Jun. 30, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Unused loan commitments	$ 197,932
Standby letters of credit	10,710
Commercial letters of credit	$ 650

Commitments and Contingencies_3

Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) $ in Thousands	Jun. 30, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Time Deposits, Less than 1 Year	$ 46,188
Time Deposits, 1 to 3 Years	21,922
Time Deposits, 3 to 5 Years	136
Time Deposits, over 5 Years
Time Deposits, Total	$ 68,246

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares authorized	1,500,000		1,500,000
Stock-based compensation expense	$ 756	$ 560	$ 1,478	$ 1,417
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 2,023		$ 2,023
Total unrecognized compensation expense, weighted average period			84 years
Vesting period			3 years
Granted, Shares			32,403
Performance-based restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Granted, Shares			32,910
Performance-based restricted shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			0.00%
Performance-based restricted shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			150.00%
Performance-based restricted shares [Member] | June 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares			34,222
Percentage of target opportunity for awards to vest			117.30%
Expiry period			3 years
Performance-based restricted shares [Member] | June 2020 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			0.00%
Performance-based restricted shares [Member] | June 2020 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			150.00%
SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares	0

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Shares
Beginning balance | shares	123,272
Granted | shares	32,403
Vested | shares	(20,369)
Forfeited | shares	(4,962)
Ending balance | shares	130,344
Fair Value
Beginning balance | $ / shares	$ 47.24
Granted | $ / shares	48.21
Vested | $ / shares	49.32
Forfeited | $ / shares	50.08
Ending balance | $ / shares	$ 47.05

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary of PBRS Activity) (Details) - Performance-Based Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Shares
Beginning balance | shares	102,116
Granted | shares	32,910
Vested | shares	(29,175)
Forfeited | shares	(7,441)
Ending balance | shares	98,410
Fair Value
Beginning balance | $ / shares	$ 49.13
Granted | $ / shares	54.02
Vested | $ / shares	49.33
Forfeited | $ / shares	50.08
Ending balance | $ / shares	$ 50.64

Stock-Based Compensation (Sum_3

Stock-Based Compensation (Summary of Company's SARs Activity) (Details) - SARs [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance | shares	155,292
Exercised | shares	(10,293)
Exercisable | shares	144,999
Beginning balance, Weighted-Average Exercise Price | $ / shares	$ 32.58
Exercised, Weighted-Average Exercise Price | $ / shares	26.72
Exercisable, Weighted-Average Exercise Price | $ / shares	$ 32.99
Beginning balance, Average Remaining Contractual Term Years	2 years 11 months 1 day
Exercisable, Average Remaining Contractual Term Years	2 years 5 months 15 days
Beginning balance, Aggregate Intrinsic Value | $	$ 3,908
Exercisable, Aggregate Intrinsic Value | $	$ 1,109

Defined Pension Plans (Narrativ

Defined Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Pension period			30 years
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 1,027	$ 1,186	$ 2,056	$ 2,365
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 145	$ 196	$ 290	$ 391

Defined Pension Plans (Schedule

Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 4,312	$ 3,555
Interest cost on projected benefit obligations	3,903	4,103
Expected return on plan assets	(6,051)	(4,753)
Net amortization	1,890	1,559
Net periodic pension cost	4,054	4,464
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	121	97
Interest cost on projected benefit obligations	347	408
Net amortization	112	276
Net periodic pension cost	$ 580	$ 781

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	17.30%	18.50%	17.80%	18.00%
Statutory federal tax rate	21.00%	21.00%	21.00%	21.00%

Investment in Securities (Narra

Investment in Securities (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Number of securities that had an unrealized loss					9
Number of securities that had an unrealized loss, greater than 12 months					7
Percentage of total securities					3.00%
Proceeds from sales of securities available-for-sale	$ 0	$ 3,547	$ 19,629	$ 4,648
Gross realized gains		$ 8	$ 1,069	$ 19

Investment in Securities (Sched

Investment in Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Fair Value	$ 379,971	$ 422,665
Gross Unrealized Gains	19,981	14,234
Gross Unrealized Losses		169
Amortized Cost	359,990	408,600
State and Political Subdivisions [Member]
Marketable Securities [Line Items]
Fair Value	305,766	324,447
Gross Unrealized Gains	18,615	13,727
Gross Unrealized Losses
Amortized Cost	287,151	310,720
U.S. government agencies [Member]
Marketable Securities [Line Items]
Fair Value	73,955	97,718
Gross Unrealized Gains	1,366	507
Gross Unrealized Losses		169
Amortized Cost	72,589	97,380
Certificates of Deposit [Member]
Marketable Securities [Line Items]
Fair Value	250	500
Gross Unrealized Gains
Gross Unrealized Losses
Amortized Cost	$ 250	$ 500

Investment in Securities (Sch_2

Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	$ 3,801
Estimated fair value, 12 months or more	17,593
Estimated fair value, total	21,394
Unrealized losses, less than 12 months	12
Unrealized losses, 12 months or more	157
Unrealized losses, total	169
State and Political Subdivisions [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months
Estimated fair value, 12 months or more
Estimated fair value, total
Unrealized losses, less than 12 months
Unrealized losses, 12 months or more
Unrealized losses, total
U.S. government agencies [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months	3,801
Estimated fair value, 12 months or more	17,593
Estimated fair value, total	21,394
Unrealized losses, less than 12 months	12
Unrealized losses, 12 months or more	157
Unrealized losses, total	169
Certificates of Deposit [Member]
Marketable Securities [Line Items]
Estimated fair value, less than 12 months
Estimated fair value, 12 months or more
Estimated fair value, total
Unrealized losses, less than 12 months
Unrealized losses, 12 months or more
Unrealized losses, total

Investment in Securities (Sch_3

Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in 1 year or less	$ 54,652
Amortized Cost, Due after 1 year through 5 years	85,421
Amortized Cost, Due after 5 years through 10 years	188,475
Amortized Cost, Due after 10 years	31,442
Amortized Cost, Total	359,990
Fair Value, Due in 1 year or less	55,208
Fair Value, Due after 1 year through 5 years	89,213
Fair Value, Due after 5 years through 10 years	202,974
Fair Value, Due after 10 years	32,576
Fair Value, Total	$ 379,971	$ 422,665

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 232,139	$ 203,954	$ 183,513	$ 230,933
Investment securities, Carrying Amount	379,971	422,665
Loans, net, Carrying Amount	952,434	762,082
Accrued interest receivable, Carrying Amount	6,582	6,706
Assets, Carrying Amount	1,571,126	1,395,407
Cash and cash equivalents, Fair Value	232,139	203,954
Investment securities, Fair Value	379,971	422,665
Loans, net, Fair Value	953,118	776,653
Accrued interest receivable, Fair Value	6,582	6,706
Assets, Fair Value	1,571,810	1,409,978
Deposits, Carrying Amount	825,956	757,136
Accounts and drafts payable, Carrying Amount	687,538	684,295
Accrued interest payable, Carrying Amount	119	103
Liabilities, Carrying Amount	1,513,613	1,441,534
Deposits, Fair Value	825,956	757,790
Accounts and drafts payable, Fair Value	687,538	684,295
Accrued interest payable, Fair Value	119	103
Liabilities, Fair Value	$ 1,513,613	$ 1,442,188

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Schedule of Revenue from Contracts with Customers) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Fee revenue and other income:
In-scope of FASB ASC 606 - Invoice processing fees		$ 17,923	$ 20,447	$ 37,047	$ 40,989
In-scope of FASB ASC 606 - Invoice payment fees		4,738	6,405	11,117	12,320
Information services payment and processing revenue		22,661	26,852	48,164	53,309
Bank service fees		398	301	808	677
Fee revenue (in-scope of FASB ASC 606)		23,059	27,153	48,972	53,986
Other income (out-of-scope of FASB ASC 606)		115	219	1,297	399
Total fee revenue and other income		23,174	27,372	50,269	54,385
Net interest income after provision for loan losses (out-of-scope of FASB ASC 606)	[1]	10,761	12,022	21,809	23,379
Total net revenue		$ 33,935	$ 39,394	$ 72,078	$ 77,764
[1]	The Company earns interest income from the balances generated during the invoice processing and payment cycle and on deposit accounts, which is an integral component of the Company’s revenue, but, is out-of-scope of FASB ASC 606.

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Lease liabilities	$ 6,916	$ 6,916	$ 7,290
Right-of-use assets	6,192	6,192	$ 6,570
Short-term lease cost	33	57
Operating lease cost	$ 419	$ 837
Weighted average remaining lease term	6 years 6 months	6 years 6 months
Weighted average discount rate	5.50%	5.50%

Leases (Schedule of operating l

Leases (Schedule of operating lease liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Lease payments due
Less than 1 year	$ 1,856
1-2 years	1,688
2-3 years	1,348
3-4 years	499
4-5 years	509
Over 5 years	2,279
Total undiscounted cash flows	8,179
Discount on cash flows	1,263
Total lease liability	$ 6,916	$ 7,290