SB Financial (SBFG) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 07, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	SB FINANCIAL GROUP, INC.
Entity Central Index Key	0000767405
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Ex Transition Period	false
Entity File Number	1-36785
Entity Incorporation State Country Code	OH
Entity Interactive Data Current	Yes
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		6,401,342

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 49,824	$ 48,363
Available-for-sale securities	77,029	90,969
Loans held for sale	13,655	4,445
Loans, net of unearned income	823,367	771,883
Allowance for loan losses	(8,492)	(8,167)
Premises and equipment, net	23,898	22,084
Federal Reserve and Federal Home Loan Bank Stock, at cost	4,648	4,123
Foreclosed assets held for sale, net	489	131
Interest receivable	3,176	2,822
Goodwill and other intangibles	17,834	16,401
Cash value of life insurance	17,137	16,834
Mortgage servicing rights	10,447	11,365
Other assets	9,749	5,575
Total assets	1,042,761	986,828
Deposits
Non interest bearing demand	152,932	144,592
Interest bearing demand	131,655	130,628
Savings	121,991	104,444
Money market	173,237	181,426
Time deposits	268,139	241,462
Total deposits	847,954	802,552
Repurchase agreements	14,659	15,184
Federal Home Loan Bank advances	16,000	16,000
Trust preferred securities	10,310	10,310
Interest payable	1,391	909
Other liabilities	18,201	11,438
Total liabilities	908,515	856,393
Commitments & Contingent Liabilities
Shareholders' Equity
Preferred stock, no par value; authorized 200,000 shares; 2019 - 14,306 shares outstanding, 2018 - 14,995 shares outstanding	13,241	13,979
Common stock, no par value; authorized 10,000,000 shares; 2019 - 6,763,362 shares issued, 2018 - 6,694,598 shares issued	41,223	40,485
Additional paid-in capital	15,219	15,226
Retained earnings	70,184	64,012
Accumulated other comprehensive income (loss)	900	(552)
Treasury stock, at cost; (2019 - 406,221 common shares, 2018 - 191,348 common shares)	(6,521)	(2,715)
Total shareholders' equity	134,246	130,435
Total liabilities and shareholders' equity	$ 1,042,761	$ 986,828

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value
Preferred stock, shares authorized	200,000	200,000
Preferred stock, shares outstanding	14,306	14,995
Common stock, par value
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	6,763,362	6,694,598
Treasury stock, shares	406,221	191,348

Condensed Consolidated Income S

Condensed Consolidated Income Statement (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Loans
Taxable	$ 10,607	$ 9,499	$ 30,216	$ 26,607
Tax exempt	82	42	217	99
Securities
Taxable	776	610	2,489	1,795
Tax exempt	81	107	273	339
Total interest income	11,546	10,258	33,195	28,840
Interest Expense
Deposits	2,258	1,472	6,268	3,538
Repurchase agreements & other	22	11	65	27
Federal Home Loan Bank advance expense	101	140	301	329
Trust preferred securities expense	107	106	331	293
Total interest expense	2,488	1,729	6,965	4,187
Net Interest Income	9,058	8,529	26,230	24,653
Provision for loan losses	300		500	600
Net interest income after provision for loan losses	8,758	8,529	25,730	24,053
Noninterest Income
Wealth management fees	775	705	2,292	2,155
Customer service fees	729	672	2,049	1,991
Gain on sale of mortgage loans & OMSR	2,495	2,066	5,365	5,224
Mortgage loan servicing fees, net	8	273	(731)	991
Gain on sale of non-mortgage loans	462	125	1,005	935
Title insurance income	400		727
Net gain on sale of securities		70	206	70
Gain (loss) on sale/disposal of assets	1		(6)	21
Other income	496	291	1,150	1,308
Total noninterest income	5,366	4,202	12,057	12,695
Noninterest Expense
Salaries and employee benefits	5,715	5,372	15,922	15,513
Net occupancy expense	656	588	1,928	1,797
Equipment expense	688	667	2,064	2,133
Data processing fees	499	489	1,430	1,345
Professional fees	571	393	1,837	1,316
Marketing expense	239	197	724	622
Telephone and communications	118	124	345	374
Postage and delivery expense	89	83	254	221
State, local and other taxes	243	177	745	538
Employee expense	199	243	588	629
Other expenses	483	456	1,397	1,507
Total noninterest expense	9,500	8,789	27,234	25,995
Income before income tax	4,624	3,942	10,553	10,753
Provision for income taxes	862	824	1,938	2,074
Net Income	3,762	3,118	8,615	8,679
Preferred Share Dividends	233	244	720	732
Net Income available to Common Shareholders	$ 3,529	$ 2,874	$ 7,895	$ 7,947
Basic Earnings Per Common Share	$ 0.55	$ 0.45	$ 1.22	$ 1.30
Diluted Earnings Per Common Share	$ 0.48	$ 0.39	$ 1.08	$ 1.14
Average common shares outstanding (in thousands):
Basic:	6,397	6,503	6,459	6,106
Diluted:	7,876	8,022	7,955	7,626

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 3,762	$ 3,118	$ 8,615	$ 8,679
Available for sale investment securities:
Unrealized holding gain (loss) arising in the period	125	(524)	2,045	(1,914)
Related tax (expense) benefit	(26)	110	(429)	401
Less: Reclassification for gain realized in income		(70)	(206)	(70)
Related tax expense		15	42	15
Net effect on other comprehensive income	99	(469)	1,452	(1,568)
Total comprehensive income	$ 3,861	$ 2,649	$ 10,067	$ 7,111

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Balance at Dec. 31, 2017	$ 13,983	$ 12,569	$ 15,405	$ 55,439	$ (141)	$ (3,255)	$ 94,000
Net income				2,453			2,453
Other comprehensive income (loss)					(800)		(800)
Common stock issuance		27,912					27,912
Dividends on common stock				(486)			(486)
Dividends on preferred stock				(244)			(244)
Restricted stock vesting			(257)			257
Stock options exercised			(41)			81	40
Repurchased stock						(58)	(58)
Stock based compensation expense			82				82
Balance at Mar. 31, 2018	13,983	40,481	15,189	57,162	(941)	(2,975)	122,899
Balance at Dec. 31, 2017	13,983	12,569	15,405	55,439	(141)	(3,255)	94,000
Net income							8,679
Balance at Sep. 30, 2018	13,979	40,485	15,160	61,854	(1,654)	(2,715)	127,109
Balance at Mar. 31, 2018	13,983	40,481	15,189	57,162	(941)	(2,975)	122,899
Net income				3,107			3,107
Other comprehensive income (loss)					(299)		(299)
Dividends on common stock				(522)			(522)
Dividends on preferred stock				(244)			(244)
Stock options exercised			(156)			305	149
Repurchased stock						(51)	(51)
Stock based compensation expense			65				65
Balance at Jun. 30, 2018	13,983	40,481	15,098	59,503	(1,240)	(2,721)	125,104
Net income				3,119			3,118
Other comprehensive income (loss)					(414)		(414)
Common stock issuance	(4)	4
Dividends on common stock				(524)			(524)
Dividends on preferred stock				(244)			(244)
Stock options exercised			(3)			6	3
Repurchased stock
Stock based compensation expense			65				65
Balance at Sep. 30, 2018	13,979	40,485	15,160	61,854	(1,654)	(2,715)	127,109
Balance at Dec. 31, 2018	13,979	40,485	15,226	64,012	(552)	(2,715)	130,435
Net income				2,226			2,226
Other comprehensive income (loss)					$ 676		$ 676
Stock reissue			22			117	139
Common stock issuance	$ (1)	$ 1
Dividends on common stock				(556)			(556)
Dividends on preferred stock				(244)			(244)
Restricted stock vesting			(208)			208
Stock options exercised			(10)			21	11
Repurchased stock						(1,294)	(1,294)
Stock based compensation expense			113				113
Balance at Mar. 31, 2019	13,978	40,486	15,143	65,438	124	(3,663)	131,506
Balance at Dec. 31, 2018	13,979	40,485	15,226	64,012	(552)	(2,715)	130,435
Net income							8,615
Balance at Sep. 30, 2019	13,241	41,223	15,219	70,184	900	(6,521)	134,246
Balance at Mar. 31, 2019	13,978	40,486	15,143	65,438	124	(3,663)	131,506
Net income				2,627			2,627
Other comprehensive income (loss)					677		677
Dividends on common stock				(586)			(586)
Dividends on preferred stock				(243)			(243)
Stock options exercised			(24)			43	19
Repurchased stock						(203)	(203)
Stock based compensation expense			140				140
Balance at Jun. 30, 2019	13,978	40,486	15,259	67,236	801	(3,823)	133,937
Net income				3,762			3,762
Other comprehensive income (loss)					99		99
Common stock issuance	(737)	737
Dividends on common stock				(581)			(581)
Dividends on preferred stock				(233)			(233)
Restricted stock vesting			(113)			113
Stock options exercised			(20)			36	16
Repurchased stock						(2,847)	(2,847)
Stock based compensation expense			93				93
Balance at Sep. 30, 2019	$ 13,241	$ 41,223	$ 15,219	$ 70,184	$ 900	$ (6,521)	$ 134,246

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Common stock issuance, shares						1,666,666
Dividends common stock, per share amount	$ 0.090	$ 0.090	$ 0.085	$ 0.080	$ 0.080	$ 0.075
Dividends preferred stock, per share amount	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net Income	$ 8,615	$ 8,679
Items not requiring (providing) cash
Depreciation and amortization	1,386	1,261
Provision for loan losses	500	600
Expense of share-based compensation plan	346	212
Amortization of premiums and discounts on securities	213	275
Amortization of intangible assets	6	7
Amortization of originated mortgage servicing rights	1,415	931
Impairment (recovery) of mortgage servicing rights	1,398	(8)
Proceeds from sale of loans held for sale	244,716	200,306
Originations of loans held for sale	(249,061)	(200,364)
Gain from sale of loans	(6,370)	(6,159)
Loss (gain) on sales of assets	5	(21)
Net change in foreclosed assets	6
Net gains on sales of securities	(206)	(70)
Changes in
Interest receivable	(354)	(608)
Other assets	(5,598)	(1,297)
Interest payable & other liabilities	6,636	3,161
Net cash provided by operating activities	3,653	6,905
Investing Activities
Purchases of available-for-sale securities	(8,840)	(16,248)
Proceeds from maturities of available-for-sale securities	17,237	10,619
Proceeds from sales of available-for-sale securities	7,375	2,115
Net change in loans	(51,171)	(75,034)
Purchase of premises, equipment	(2,047)	(1,383)
Proceeds from sales of premises, equipment	8	134
Purchase of bank owned life insurance	(50)
Purchase of Federal Home Loan Bank stock	(525)
Purchase of Federal Reserve Stock		(375)
Proceeds from sale of foreclosed assets	146	152
Acquisition, net of cash acquired	(2,600)
Net cash used in investing activities	(40,467)	(80,020)
Financing Activities
Net increase in demand deposits, money market, interest checking & savings accounts	18,725	38,265
Net increase in certificates of deposit	26,677	21,561
Net increase (decrease) in securities sold under agreements to repurchase	(525)	457
Proceeds from Federal Home Loan Bank advances	8,000	13,000
Repayment of Federal Home Loan Bank advances	(8,000)	(7,000)
Net proceeds from share-based compensation plans	46	192
Stock repurchase plan	(4,344)	(109)
Issuance of common shares	139	27,912
Dividends on common shares	(1,723)	(1,532)
Dividends on preferred shares	(720)	(732)
Net cash provided by financing activities	38,275	92,014
Increase in cash and cash equivalents	1,461	18,899
Cash and cash equivalents, beginning of year	48,363	26,616
Cash and cash equivalents, end of year	49,824	45,515
Supplemental cash flow information
Interest paid	6,483	3,888
Income taxes paid	4,230	2,290
Fair value of assets acquired - premises and equipment	1,161
Supplemental non-cash disclosure
Initial recognition of right-of-use lease assets	293
Transfer of loans to foreclosed assets	$ 517	$ 175

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION SB Financial Group, Inc., an Ohio corporation (the “Company”), is a financial holding company whose principal activity is the ownership and management of its wholly-owned subsidiaries, The State Bank and Trust Company (“State Bank”), RFCBC, Inc. (“RFCBC”), Rurbanc Data Services, Inc. dba RDSI Banking Systems (“RDSI”), and Rurban Statutory Trust II (“RST II”). In addition, State Bank owns all of the outstanding stock of Rurban Mortgage Company (“RMC”), which is inactive, and State Bank Insurance, LLC (“SBI”). In March 2019, the Company formed SBFG Title, LLC (“Title”) and purchased all of the assets and real estate of an Ohio based title agency. The purchase was completed effective March 15, 2019, and the purchase resulted in an increase in goodwill, which is detailed in Note 11. In March 2019, the Company formed SB Captive, Inc. (“Captive”), which is a captive insurance company based in Nevada. The Captive allows the Company to share insurance risk among a pool of similar sized banks. The consolidated financial statements include the accounts of the Company, State Bank, RFCBC, RDSI, RMC, Title, Captive and SBI. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements reflect all adjustments that are, in the opinion of management, necessary to fairly present the financial position, results of operations and cash flows of the Company. Those adjustments consist only of normal recurring adjustments. Results of operations for the three and nine months ended September 30, 2019, are not necessarily indicative of results for the complete year. The condensed consolidated balance sheet of the Company as of December 31, 2018 has been derived from the audited consolidated balance sheet of the Company as of that date. For further information, refer to the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. New and applicable accounting pronouncements: ASU No. 2018-07: Compensation – Stock Compensation (Topic 718) This Accounting Standards Update (“ASU”) expands the scope of Topic 718, to include share-based payments issued to nonemployees for goods or services. Consequently, the accounting for share-based payments to nonemployees and employees will be substantially aligned. This ASU supersedes Subtopic 505-50, Equity-Based Payments to Non-Employees. The amendments in this ASU became effective for periods beginning after December 15, 2018. At this time, the Company does not have any share-based payments to nonemployees. ASU No. 2016-02: Leases (Topic 842) The Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases. The new standard establishes a right-of-use asset model that requires a lessee to record an asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity may adopt the new guidance either by restating prior periods and recording a cumulative effect adjustment at the beginning of the earliest comparative period presented or by recording a cumulative effect adjustment at the beginning of the period of adoption. The Company applied the standard by recording a cumulative effect adjustment at January 1, 2019. As the Company owns most of its branch locations, this ASU applied primarily to operating leases. The impact of adoption of this ASU by the Company resulted in a $0.3 million right-of-use asset and a corresponding lease obligation liability of $0.3 million. The right-of-use asset is included in other assets and the lease obligation liability is included in other liabilities in the Company’s September 30, 2019 consolidated balance sheet. The Company has given consideration to the materiality of their leases and has determined that the additional required disclosures for leases is immaterial to the consolidated financial statements. ASU No. 2017-12: Derivatives and Hedging (Topic 815) This ASU improves the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The ASU also makes targeted improvements to simplify the application of the hedge accounting guidance. The amendments in this ASU became effective for fiscal years after December 15, 2018 and the Company adopted these amendments. The impact of these amendments was immaterial to the Company’s financial statements. Accounting Standards not yet adopted: ASU No. 2018-13: Fair Value Measurement - Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820) The updated guidance improves the disclosure requirements for fair value measurements. The ASU removes certain disclosures required by Topic 820 related to transfers between Level 1 and Level 2 of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level 3 fair value measurements. The ASU modifies certain disclosures required by Topic 820 related to disclosure of transfers into and out of Level 3 of the fair value hierarchy; the requirement to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly for investments in certain entities that calculate net asset value; and clarification that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. The ASU adds certain disclosure requirements related to changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted-average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information in lieu of the weighted- average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this update become effective for fiscal years, and interim periods within those fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of adopting the new guidance on its consolidated financial statements, but it is not expected to have a material impact. ASU No. 2017-04: Intangibles – Goodwill and Other (Topic 350) This ASU simplifies the test for goodwill impairment. Specifically, these amendments eliminate Step 2 from the goodwill impairment test, and also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. The amendments in this ASU are effective for annual goodwill impairment tests in fiscal years beginning after December 15, 2019, and management does not believe the changes will have a material effect on the Company’s accounting and disclosures. ASU No. 2016-13: Financial Instruments – Credit Losses (Topic 326) This ASU, which is commonly known as “CECL,” replaces the current GAAP incurred impairment methodology regarding credit losses with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments in this update affect an entity to varying degrees depending on the credit quality of the assets held by the entity, their duration, and how the entity applies current GAAP. The adoption of ASU 2016-13 is likely to result in an increase in the allowance for loan losses as a result of changing from an “incurred loss” model, which encompasses allowances for current known and inherent losses within the portfolio, to an “expected loss” model, which encompasses allowances for losses expected to be incurred over the life of the portfolio. Furthermore, ASU 2016-13 will necessitate that we establish an allowance for expected credit losses on debt securities. In December 2018, the OCC, the Federal Reserve Board, and the FDIC approved a final rule to address changes to credit loss accounting under GAAP, including banking organizations’ implementation of CECL. The final rule provides banking organizations the option to phase in over a three-year period the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. The final ASU is expected to be issued in November 2019 and will include the recently approved amendment to the effective date for smaller reporting companies. As the Company is currently a smaller reporting Company, the amendment will delay the effective date of ASU No. 2016-13 to the fiscal year beginning after December 15, 2022. While we are currently unable to reasonably estimate the impact of adopting ASU 2016-13, we expect that the impact of adoption will be significantly influenced by the composition, characteristics and quality of our loan and securities portfolios as well as the prevailing economic conditions and forecasts as of the adoption date. The Company implemented a process to track required data by utilizing accounting software in preparation for compliance. We anticipate being fully prepared for implementation by December 15, 2022. Reclassifications: Certain reclassifications have been made to prior period financial statements to conform to the current financial statement presentation. These reclassifications had no effect on net income.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 2 – EARNINGS PER SHARE Earnings per share (EPS) have been computed based on the weighted average number of common shares outstanding during the periods presented. Included in the diluted EPS for September 30, 2019 are the impact of the full conversion of the Company’s outstanding depositary shares. Based upon the current conversion price of $10.119, the 1,430,570 outstanding depositary shares are convertible into an aggregate of 1,413,909 common shares. There were no anti-dilutive shares in 2019 or 2018. The average number of common shares used in the computation of basic and diluted earnings per share are set forth in the tables below: Three Months Ended ($ and outstanding shares in thousands - except per share data) 2019 2018 Distributed earnings allocated to common shares $ 581 $ 524 Undistributed earnings allocated to common shares 2,944 2,346 Net earnings allocated to common shares 3,525 2,870 Net earnings allocated to participating securities 4 4 Dividends on convertible preferred shares 233 244 Net Income allocated to common shares and participating securities $ 3,762 $ 3,118 Weighted average shares outstanding for basic earnings per share 6,397 6,503 Dilutive effect of stock compensation 34 58 Dilutive effect of convertible shares 1,445 1,461 Weighted average shares outstanding for diluted earnings per share 7,876 8,022 Basic earnings per common share $ 0.55 $ 0.45 Diluted earnings per common share $ 0.48 $ 0.39 Nine Months Ended ($ and outstanding shares in thousands - except per share data) 2019 2018 Distributed earnings allocated to common shares $ 1,723 $ 1,532 Undistributed earnings allocated to common shares 6,159 6,404 Net earnings allocated to common shares 7,882 7,936 Net earnings allocated to participating securities 13 11 Dividends on convertible preferred shares 720 732 Net Income allocated to common shares and participating securities $ 8,615 $ 8,679 Weighted average shares outstanding for basic earnings per share 6,459 6,106 Dilutive effect of stock compensation 36 63 Dilutive effect of convertible shares 1,460 1,457 Weighted average shares outstanding for diluted earnings per share 7,955 7,626 Basic earnings per common share $ 1.22 $ 1.30 Diluted earnings per common share $ 1.08 $ 1.14

Available for Sale Securities

Available for Sale Securities	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
AVAILABLE FOR SALE SECURITIES	Note 3 – AVAILABLE FOR SALE Securities The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of securities at September 30, 2019 and December 31, 2018 were as follows: Gross Gross ($ in thousands) Amortized Unrealized Unrealized September 30, 2019 Cost Gains Losses Fair Value U.S. Treasury and Government agencies $ 12,041 $ 231 $ (8 ) $ 12,264 Mortgage-backed securities 54,394 598 (70 ) 54,922 State and political subdivisions 9,455 389 (1 ) 9,843 Totals $ 75,890 $ 1,218 $ (79 ) $ 77,029 Gross Gross Amortized Unrealized Unrealized December 31, 2018 Cost Gains Losses Fair Value U.S. Treasury and Government agencies $ 18,597 $ 187 $ (114 ) $ 18,670 Mortgage-backed securities 61,868 114 (1,039 ) 60,943 State and political subdivisions 11,203 180 (27 ) 11,356 Totals $ 91,668 $ 481 $ (1,180 ) $ 90,969 The amortized cost and fair value of securities available for sale at September 30, 2019, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair ($ in thousands) Cost Value Within one year $ 4,242 $ 4,242 Due after one year through five years 6,323 6,415 Due after five years through ten years 6,680 6,909 Due after ten years 4,251 4,541 21,496 22,107 Mortgage-backed securities 54,394 54,922 Totals $ 75,890 $ 77,029 The fair value of securities pledged as collateral, to secure public deposits and for other purposes, was $32.6 million at September 30, 2019 and $30.7 million at December 31, 2018. The fair value of securities delivered for repurchase agreements was $17.9 million at September 30, 2019 and $17.9 million at December 31, 2018. Gross gains from sales of available-for-sale securities were $0.2 million for the nine months ended September 30, 2019, and $0.07 million for the nine months ended September 30, 2018, which was a reclassification from accumulated other comprehensive income (OCI) and was included in the net gain on sale of securities. The related tax expense of $0.04 million and $0.02 million for September 30, 2019 and 2018, respectively, was a reclassification from OCI and was included in the income tax expense line item in the income statement. Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments was $15.6 million at September 30, 2019, and $59.0 million at December 31, 2018, which was approximately 20 and 65 percent, respectively, of the Company’s available-for-sale investment portfolio at such dates. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2019 and December 31, 2018 are as follows: Less than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury and Government agencies $ - $ - $ 2,592 $ (8 ) $ 2,592 $ (8 ) Mortgage-backed securities 6,462 (18 ) 6,011 (52 ) 12,473 (70 ) State and political subdivisions 565 (1 ) - - 565 (1 ) Totals $ 7,027 $ (19 ) $ 8,603 $ (60 ) $ 15,630 $ (79 ) Less than 12 Months 12 Months or Longer Total December 31, 2018 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury and Government agencies $ 1,417 $ (8 ) $ 7,870 $ (106 ) $ 9,287 $ (114 ) Mortgage-backed securities 10,613 (54 ) 37,495 (985 ) 48,108 (1,039 ) State and political subdivisions 417 (6 ) 1,159 (21 ) 1,576 (27 ) Totals $ 12,447 $ (68 ) $ 46,524 $ (1,112 ) $ 58,971 $ (1,180 ) The total unrealized loss as of September 30, 2019 in the securities portfolio was $0.08 million compared to a $1.2 million unrealized loss at December 31, 2018. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent of the Company to not sell the investment and whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost. Management has determined there is no other-than-temporary-impairment on its securities as of September 30, 2019.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or payoffs, are reported at their outstanding principal balances adjusted for any charge-offs, the allowance for loan losses, any deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. Interest income is reported on the interest method and includes amortization of net deferred loan fees and costs over the loan term. Generally, all loan classes are placed on nonaccrual status not later than 90 days past due, unless the loan is well-secured and in the process of collection. All interest accrued, but not collected, for loans that are placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the non-collectability of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as new information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company's internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected on the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that State Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration each of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial, agricultural, and construction loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price or the fair value of the collateral if the loan is collateral dependent. When State Bank moves a loan to nonaccrual status, total unpaid interest accrued to date is reversed from income. Subsequent payments are applied to the outstanding principal balance with the interest portion of the payment recorded on the balance sheet as a contra-loan. Interest received on impaired loans may be realized once all contractual principal amounts are received or when a borrower establishes a history of six consecutive timely principal and interest payments. It is at the discretion of management to determine when a loan is placed back on accrual status upon receipt of six consecutive timely payments. Large groups of smaller balance homogenous loans are collectively evaluated for impairment. Accordingly, State Bank does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Categories of loans at September 30, 2019 and December 31, 2018 include: Total Loans Nonaccrual Loans ($ in thousands) September December September December Commercial & industrial $ 144,462 $ 127,041 $ 834 $ 730 Commercial real estate - owner occupied 97,470 95,651 - - Commercial real estate - nonowner occupied 263,869 245,140 262 218 Agricultural 51,946 52,012 - - Residential real estate 202,021 187,104 1,811 1,752 Home equity line of credit (HELOC) 48,027 47,382 362 195 Consumer 14,888 16,954 6 11 Total Loans $ 822,683 $ 771,284 $ 3,275 $ 2,906 Net deferred costs $ 684 $ 599 Total Loans, net deferred costs $ 823,367 $ 771,883 Allowance for loan losses $ (8,492 ) $ (8,167 ) The risk characteristics of each loan portfolio segment are as follows: Commercial & Industrial and Agricultural Commercial & industrial and agricultural loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial Real Estate (Owner and Nonowner Occupied) Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The characteristics of properties securing the Company's commercial real estate portfolio are diverse, but with geographic location almost entirely in the Company's market area. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In general, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate versus non-owner-occupied loans. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews and financial analysis of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Residential Real Estate, HELOC and Consumer Residential and consumer loans consist of two segments – residential mortgage loans and personal loans. Residential mortgage loans are secured by 1-4 family residences and are generally owner-occupied, and the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. HELOCs are typically secured by a subordinate interest in 1-4 family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some consumer personal loans are unsecured, such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that these loans are of smaller individual amounts and spread over a large number of borrowers. The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2019, December 31, 2018 and September 30, 2018. Allowance for loan losses Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total For the Three Months Ended September 30, 2019 Beginning balance $ 1,378 $ 3,448 $ 509 $ 2,287 $ 684 $ 8,306 Charge offs (95 ) - - (23 ) (10 ) (128 ) Recoveries 7 - - 1 6 14 Provision 103 72 (16 ) 128 13 300 Ending balance $ 1,393 $ 3,520 $ 493 $ 2,393 $ 693 $ 8,492 For the Nine Months Ended September 30, 2019 Beginning balance $ 1,435 $ 2,923 $ 482 $ 2,567 $ 760 $ 8,167 Charge offs (143 ) - - (23 ) (42 ) (208 ) Recoveries 8 - - 2 23 33 Provision 93 597 11 (153 ) (48 ) 500 Ending Balance $ 1,393 $ 3,520 $ 493 $ 2,393 $ 693 $ 8,492 ($ in thousands) Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total For the Three Months Ended September 30, 2018 Beginning balance $ 1,061 $ 3,720 $ 488 $ 2,550 # $ 675 $ 8,494 Charge offs - - - - (11 ) (11 ) Recoveries - - - - 6 6 Provision 13 5 (9 ) (39 ) 30 - Ending balance $ 1,074 $ 3,725 $ 479 $ 2,511 $ 700 $ 8,489 For the Nine Months Ended September 30, 2018 Beginning balance $ 823 $ 3,779 $ 505 $ 2,129 $ 694 $ 7,930 Charge offs - (36 ) - (26 ) (23 ) (85 ) Recoveries - 29 - 2 13 44 Provision 251 (47 ) (26 ) 406 16 600 Ending balance $ 1,074 $ 3,725 $ 479 $ 2,511 $ 700 $ 8,489 ($ in thousands) Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total Loans Receivable at September 30, 2019 Allowance: Ending balance: individually evaluated for impairment $ - $ - $ - $ 45 $ - $ 45 Ending balance: collectively evaluated for impairment $ 1,393 $ 3,520 $ 493 $ 2,348 $ 693 $ 8,447 Loans: Ending balance: individually evaluated for impairment $ 784 $ 203 $ - $ 2,007 $ 34 $ 3,028 Ending balance: collectively evaluated for impairment $ 143,678 $ 361,136 $ 51,946 $ 200,014 $ 62,881 $ 819,655 ($ in thousands) Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total Loans Receivable at December 31, 2018 Allowance: Ending balance: individually evaluated for impairment $ 61 $ - $ - $ 73 $ 4 $ 138 Ending balance: collectively evaluated for impairment $ 1,374 $ 2,923 $ 482 $ 2,494 $ 756 $ 8,029 Loans: Ending balance: individually evaluated for impairment $ 700 $ 283 $ - $ 2,111 $ 190 $ 3,284 Ending balance: collectively evaluated for impairment $ 126,341 $ 340,508 $ 52,012 $ 184,993 $ 64,146 $ 768,000 Credit Risk Profile The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with an outstanding balance greater than $100 thousand and non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: Pass (grades 1 – 4): Special Mention (5): Substandard (6): Doubtful (7): Loss (8): The following tables present the credit risk profile of the Company's loan portfolio based on rating category as of September 30, 2019 and December 31, 2018. ($ in thousands) Commercial & industrial Commercial real estate - owner occupied Commercial real estate - nonowner occupied Agricultural Residential real estate HELOC Consumer Total Pass (1 - 4) 141,927 97,175 260,730 51,706 199,387 47,554 14,856 813,335 Special Mention (5) 1,638 295 1,956 240 - - - 4,129 Substandard (6) 530 - 921 - 2,601 473 32 4,557 Doubtful (7) 367 - 262 - 33 - - 662 Loss (8) - - - - - - - - Total Loans $ 144,462 $ 97,470 $ 263,869 $ 51,946 $ 202,021 $ 48,027 $ 14,888 $ 822,683 ($ in thousands) Commercial & industrial Commercial real estate - owner occupied Commercial real estate - nonowner occupied Agricultural Residential real estate HELOC Consumer Total Pass (1 - 4) $ 123,861 $ 95,651 $ 243,188 $ 51,702 $ 184,581 $ 47,148 $ 16,854 $ 762,985 Special Mention (5) 680 - 20 310 - - - 1,010 Substandard (6) 2,305 - 1,714 - 2,488 234 100 6,841 Doubtful (7) 195 - 218 - 35 - - 448 Loss (8) - - - - - - - - Total Loans $ 127,041 $ 95,651 $ 245,140 $ 52,012 $ 187,104 $ 47,382 $ 16,954 $ 771,284 The Company evaluates the loan risk grading system definitions and allowance for loan loss methodology on an ongoing basis. The following tables present the Company's loan portfolio aging analysis as of September 30, 2019 and December 31, 2018. ($ in thousands) 30-59 Days 60-89 Days Greater Than Total Current Total Loans Receivable Commercial & industrial $ 62 $ - $ 301 $ 363 $ 144,099 $ 144,462 Commercial real estate - owner occupied - - - - 97,470 97,470 Commercial real estate - nonowner occupied 279 - 59 338 263,531 263,869 Agricultural - - - - 51,946 51,946 Residential real estate 85 269 677 1,031 200,990 202,021 HELOC 102 - 124 226 47,801 48,027 Consumer 19 19 2 40 14,848 14,888 Total Loans $ 547 $ 288 $ 1,163 $ 1,998 $ 820,685 $ 822,683 ($ in thousands) 30-59 Days 60-89 Days Greater Than Total Current Total Loans Receivable Commercial & industrial $ 120 $ - $ 661 $ 781 $ 126,260 $ 127,041 Commercial real estate - owner occupied - - - - 95,651 95,651 Commercial real estate - nonowner occupied 342 1 - 343 244,797 245,140 Agricultural - - - - 52,012 52,012 Residential real estate 2,391 824 372 3,587 183,517 187,104 HELOC 163 16 55 234 47,148 47,382 Consumer 14 63 23 100 16,854 16,954 Total Loans $ 3,030 $ 904 $ 1,111 $ 5,045 $ 766,239 $ 771,284 All loans past due 90 days are systematically placed on nonaccrual status. A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable State Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. The following tables present impaired loan information as of and for the nine months ended September 30, 2019 and 2018, and for the twelve months ended December 31, 2018: Nine Months Ended Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial & industrial $ 784 $ 1,154 $ - $ 1,432 $ 76 Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied 203 203 - 259 15 Agricultural - - - - - Residential real estate 1,481 1,524 - 1,808 74 HELOC 17 17 19 1 Consumer 17 17 - 20 1 With a specific allowance recorded: Commercial & industrial - - - - - Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied - - - - - Agricultural - - - - - Residential real estate 526 526 45 538 19 HELOC - - - - - Consumer - - - - - Totals: Commercial & industrial $ 784 $ 1,154 $ - $ 1,432 $ 76 Commercial real estate - owner occupied $ - $ - $ - $ - $ - Commercial real estate - nonowner occupied $ 203 $ 203 $ - $ 259 $ 15 Agricultural $ - $ - $ - $ - $ - Residential real estate $ 2,007 $ 2,050 $ 45 $ 2,346 $ 93 HELOC $ 17 $ 17 $ - $ 19 $ 1 Consumer $ 17 $ 17 $ - $ 20 $ 1 Three Months Ended Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial & industrial $ 1,202 $ 22 Commercial real estate - owner occupied - - Commercial real estate - nonowner occupied 259 5 Agricultural - - Residential real estate 1,793 24 HELOC 17 - Consumer 18 - With a specific allowance recorded: Commercial & industrial - - Commercial real estate - owner occupied - - Commercial real estate - nonowner occupied - - Agricultural - - Residential real estate 533 6 HELOC - - Consumer - - Totals: Commercial & industrial $ 1,202 $ 22 Commercial real estate - owner occupied $ - $ - Commercial real estate - nonowner occupied $ 259 $ 5 Agricultural $ - $ - Residential real estate $ 2,326 $ 30 HELOC $ 17 $ - Consumer $ 18 $ - Twelve Months Ended Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial & industrial $ 575 $ 802 $ - $ 370 $ 21 Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied 283 283 - 336 21 Agricultural - - - - - Residential real estate 1,249 1,292 - 1,995 91 HELOC 20 20 - 21 1 Consumer 93 93 - 104 7 With a specific allowance recorded: Commercial & industrial 125 125 61 127 21 Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied - - - - - Agricultural - - - - - Residential real estate 862 888 73 426 20 HELOC - - - - - Consumer 77 77 4 91 6 Totals: Commercial & industrial $ 700 $ 927 $ 61 $ 497 $ 42 Commercial real estate - owner occupied $ - $ - $ - $ - $ - Commercial real estate - nonowner occupied $ 283 $ 283 $ - $ 336 $ 21 Agricultural $ - $ - $ - $ - $ - Residential real estate $ 2,111 $ 2,180 $ 73 $ 2,421 $ 111 HELOC $ 20 $ 20 $ - $ 21 $ 1 Consumer $ 170 $ 170 $ 4 $ 195 $ 13 Nine Months Ended Three Months Ended September 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial & industrial $ 777 $ 19 $ 763 $ (9 ) Commercial real estate - owner occupied - - - - Commercial real estate - nonowner occupied 336 17 336 5 Agricultural - - - - Residential real estate 1,745 57 1,733 16 HELOC - - - - Consumer 106 5 102 2 With a specific allowance recorded: Commercial & industrial - - - - Commercial real estate - owner occupied - - - - Commercial real estate - nonowner occupied - - - - Agricultural - - - - Residential real estate 428 15 424 5 HELOC - - - - Consumer 92 4 90 1 Totals: Commercial & industrial $ 777 $ 19 $ 763 $ (9 ) Commercial real estate - owner occupied $ - $ - $ - $ - Commercial real estate - nonowner occupied $ 336 $ 17 $ 336 $ 5 Agricultural $ - $ - $ - $ - Residential real estate $ 2,173 $ 72 $ 2,157 $ 21 HELOC $ - $ - $ - $ - Consumer $ 198 $ 9 $ 192 $ 3 Impaired loans less than $100,000 are included in groups of homogenous loans. These loans are evaluated based on delinquency status. Interest income recognized on a cash basis does not materially differ from interest income recognized on an accrual basis. Troubled Debt Restructured (TDR) Loans TDRs are modified loans where a concession was provided to a borrower experiencing financial difficulties. Loan modifications are considered TDRs when the concessions provided are not available to the borrower through either normal channels or other sources. However, not all loan modifications are TDRs. TDR Concession Types The Company's standards relating to loan modifications consider, among other factors, minimum verified income requirements, cash flow analysis, and collateral valuations. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet a borrower's specific circumstances at a point in time. All loan modifications, including those classified as TDRs, are reviewed and approved by management. The types of concessions provided to borrowers include: ● Interest rate reduction: A reduction of the stated interest rate to a nonmarket rate for the remaining original life of the loan. The Company also may grant interest rate concessions for a limited timeframe on a case by case basis. ● Amortization or maturity date change: A change in the amortization or maturity date beyond what the collateral supports, including a concession that does any of the following: (1) Lengthens the amortization period of the amortized principal beyond market terms. This concession reduces the minimum monthly payment and increases the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven. (2) Reduces the amount of loan principal to be amortized. This concession also reduces the minimum monthly payment and increases the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven. (3) Extends the maturity date or dates of the debt beyond what the collateral supports. This concession generally applies to loans without a balloon payment at the end of the term of the loan. In addition, there may be instances where renewing loans potentially require non-market terms and would then be reclassified as TDRs. ● Other: A concession that is not categorized as one of the concessions described above. These concessions include, but are not limited to: principal forgiveness, collateral concessions, covenant concessions, and reduction of accrued interest. Principal forgiveness may result from any TDR modification of any concession type. During the three months ended September 30, 2019, the Company had no new TDR activity. The following table represents new TDR activity for the nine months ended September 30, 2019: ($ in thousands) Number of Loans Pre- Post Modification Recorded Balance Commercial & industrial 3 $ 763 $ 763 Total Modifications 3 $ 763 $ 763 Interest Total Only Term Combination Modification Commercial & industrial $ 150 $ 613 $ - $ 763 Total Modifications $ 150 $ 613 $ - $ 763 During the three and nine months ended September 30, 2018, the Company had no new TDR activity. There were no TDR's modified during the past twelve months that have subsequently defaulted.

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2019
Mortgage Servicing Rights [Abstract]
MORTGAGE SERVICING RIGHTS	NOTE 5 – MORTGAGE SERVICING RIGHTS Mortgage loans serviced for others are not included in the accompanying balance sheets. The unpaid principal balance of mortgage loans serviced for others approximated $1.2 billion at September 30, 2019 and $1.1 billion at December 31, 2018. Contractually specified servicing fees of approximately $2.1 million and $2.0 million were included in mortgage loan servicing fees in the income statement for the nine months ended September 30, 2019 and 2018, respectively. The following table summarizes mortgage servicing rights capitalized and related amortization, along with activity in the related valuation allowance: ($ in thousands) 2019 2018 Carrying amount, January 1 $ 11,365 $ 9,907 Mortgage servicing rights capitalized during the year 1,895 2,288 Mortgage servicing rights amortization during the year (1,415 ) (931 ) Net change in valuation allowance (1,398 ) 8 Carrying amount, September 30 $ 10,447 $ 11,272 Valuation allowance: January 1 $ 212 $ 151 Increase (reduction) 1,398 (8 ) September 30 $ 1,610 $ 143

Derivative Financial Instrument

Derivative Financial Instruments and Repurchase Agreements	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS AND REPURCHASE AGREEMENTS	NOTE 6 – DERIVATIVE FINANCIAL INSTRUMENTS AND REPURCHASE AGREEMENTS Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company manages its exposures to a wide variety of business and operational risks primarily through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its assets and liabilities and through the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing and duration of the Company's known or expected cash payments principally related to certain variable-rate assets. Non-designated Hedges The Company does not use derivatives for trading or speculative purposes. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously offset by interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. As of September 30, 2019 and December 31, 2018, the notional amount of customer-facing swaps was approximately $77.6 million and $49.9 million, respectively. The same amounts were offset with third party counterparties, as described above. The Company has minimum collateral posting thresholds with its derivative counterparties. As of September 30, 2019, the Company had $4.6 million of cash posted as collateral with correspondents. The Company had no cash posted as collateral with correspondents as of December 31, 2018. The table below presents the fair value of the Company's derivative financial instruments, as well as their classification on the Balance Sheet, as of September 30, 2019 and December 31, 2018. Asset Derivatives Liability Derivatives September 30, 2019 September 30, 2019 Balance Sheet Fair Balance Sheet Fair ($ in thousands) Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 4,233 Other Liabilities $ 4,233 Asset Derivatives Liability Derivatives December 31, 2018 December 31, 2018 Balance Sheet Fair Balance Sheet Fair ($ in thousands) Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 687 Other Liabilities $ 687 The Company's derivative financial instruments had no net effect on the condensed consolidated income statements for the nine months ended September 30, 2019 and 2018. Securities Sold Under Repurchase Agreements State Bank has retail repurchase agreements to facilitate cash management transactions with commercial customers. These obligations are secured by agency and mortgage-backed securities and such collateral is held by the Federal Home Loan Bank. The agreements mature within one month. As of September 30, 2019, these repurchase agreements were secured by agency securities and mortgage-backed securities with corresponding liabilities of $4.6 million and $13.3 million, respectively. These securities have various maturity dates beyond 2022.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	NOTE 7 – FAIR VALUE OF ASSETS AND LIABILITIES Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis, recognized in the accompanying balance sheets, as well as the general classifications of such assets pursuant to the valuation hierarchy. Available-for-Sale Securities The fair values of available-for-sale securities are determined by various valuation methodologies. Level 1 securities include money market mutual funds. Level 1 inputs include quoted prices in an active market. Level 2 securities include U.S. treasury and government agencies, mortgage-backed securities, and obligations of political and state subdivisions. Level 2 inputs do not include quoted prices for individual securities in active markets; however, they do include inputs that are either directly or indirectly observable for the individual security being valued. Such observable inputs include interest rates and yield curves at commonly quoted intervals, volatilities, prepayment speeds, credit risks and default rates. Also included are inputs derived principally from or corroborated by observable market data by correlation or other means. Interest Rate Contracts The fair values of interest rate contracts are based upon the estimated amount the Company would receive or pay to terminate the contracts or agreements, taking into account underlying interest rates, creditworthiness of underlying customers for credit derivatives and, when appropriate, the creditworthiness of the counterparties. The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2019 and December 31, 2018. Fair Value Measurements Using: ($ in thousands) September 30, (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 12,264 $ - $ 12,264 $ - Mortgage-backed securities 54,922 - 54,922 - State and political subdivisions 9,843 - 9,843 - Interest rate contracts - assets 4,233 - 4,233 - Interest rate contracts - liabilities (4,233 ) - (4,233 ) - Fair Value Measurements Using: ($ in thousands) December 31, (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 18,670 $ - $ 18,670 $ - Mortgage-backed securities 60,943 - 60,943 - State and political subdivisions 11,356 - 11,356 - Interest rate contracts - assets 687 - 687 - Interest rate contracts - liabilities (687 ) - (687 ) - Level 1 – Quoted Prices in Active Markets for Identical Assets Level 2 – Significant Other Observable Inputs Level 3 – Significant Unobservable Inputs The following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Collateral-dependent Impaired Loans, NET of ALLL Loans for which it is probable the Company will not collect all principal and interest due according to contractual terms are measured for impairment. The estimated fair value of collateral-dependent impaired loans is based on the appraised value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. This method requires obtaining an independent appraisal of the collateral, which is reviewed for accuracy and consistency by Credit Administration. These appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by applying a discount factor to the value based on the Company’s loan review policy. All impaired loans held by the Company were collateral dependent at September 30, 2019 and December 31, 2018. Mortgage Servicing Rights Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models associated with the servicing rights and discounting the cash flows using discount market rates, prepayment speeds and default rates. The servicing portfolio has been valued using all relevant positive and negative cash flows including servicing fees; miscellaneous income and float; marginal costs of servicing; the cost of carry of advances; and foreclosure losses; and applying certain prevailing assumptions used in the marketplace. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy. These mortgage servicing rights are tested for impairment on a quarterly basis. Fair Values at ($ in thousands) September 30, (Level 1) (Level 2) (Level 3) Impaired loans $ 530 $ - $ - $ 530 Mortgage Servicing Rights 5,311 - - 5,311 Fair Values at ($ in thousands) December 31, (Level 1) (Level 2) (Level 3) Impaired loans $ 1,027 $ - $ - $ 1,027 Mortgage Servicing Rights 3,191 - - 3,191 Level 1 - Quoted Prices in Active Markets for Identical Assets Level 2 - Significant Other Observable Inputs Level 3 - Significant Unobservable Inputs Unobservable (Level 3) Inputs The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. Fair Values at Range ($ in thousands) September 30, Valuation Unobservable Inputs (weighted- Collateral-dependent impaired loans $ 530 Market comparable properties Comparability adjustments (%) 10 - 35% (16 %) Mortgage servicing rights 5,311 Discounted cash flow Discount Rate 9.18 % Constant prepayment rate 11.64 % P&I earnings credit 1.85 % T&I earnings credit 2.11 % Inflation for cost of servicing 1.50 % Fair Values at Range ($ in thousands) December 31, Valuation Technique Unobservable Inputs (weighted- average) Collateral-dependent impaired loans $ 1,027 Market comparable properties Comparability adjustments (%) 20 - 35% (29 %) Mortgage servicing rights 3,191 Discounted cash flow Discount Rate 10.30 % Constant prepayment rate 7.02 % P&I earnings credit 2.51 % T&I earnings credit 3.02 % Inflation for cost of servicing 1.50 % There were no changes in the inputs or methodologies used to determine fair value at September 30, 2019 as compared to December 31, 2018. The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value. Cash and Due From Banks, Federal Reserve and Federal Home Loan Bank Stock and Accrued Interest Receivable and Payable The carrying amount approximates the fair value. Loans Held for Sale The fair value of loans held for sale is based upon quoted market prices, where available, or is determined by discounting estimated cash flows using interest rates approximating the Company’s current origination rates for similar loans and adjusted to reflect the inherent credit risk. Loans The estimated fair value of loans as of September 30, 2019 follows the guidance in ASU 2016-01, which prescribes an “exit price” approach in estimating and disclosing fair value of financial instruments. The fair value calculation at that date discounted estimated future cash flows using rates that incorporated discounts for credit, liquidity, and marketability factors. The fair value estimate shown as of December 31, 2018 used an “entry price” approach. The fair value calculation for that date discounted estimated future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Consequently, the fair value disclosures for September 30, 2019 and December 31, 2018 are not directly comparable. Deposits, FHLB advances & Repurchase agreements Deposits include demand deposits, savings accounts, and certain money market deposits. The carrying amount approximates the fair value. The estimated fair value for fixed-maturity time deposits, as well as borrowings, is based on estimates of the rate State Bank could pay on similar instruments with similar terms and maturities at September 30, 2019 and December 31, 2018. Loan Commitments The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. The estimated fair values for other financial instruments and off-balance-sheet loan commitments approximate cost at September 30, 2019 and December 31, 2018 and are not considered significant to this presentation. Trust Preferred Securities The fair value for Trust Preferred Securities is estimated by discounting the cash flows using an appropriate discount rate. The following table presents estimated fair values of the Company’s other financial instruments carried at other than fair value. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments, and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. September 30, 2019 Carrying Fair Fair Value Measurements Using Amount value (Level 1) (Level 2) (Level 3) ($ in thousands) Financial assets Cash and due from banks $ 49,824 $ 49,824 $ 49,824 $ - $ - Loans held for sale 13,655 13,858 - 13,858 - Loans, net of allowance for loan losses 814,875 810,885 - - 810,885 Federal Reserve and FHLB Bank stock, at cost 4,648 4,648 - 4,648 - Interest receivable 3,176 3,176 - 3,176 - Financial liabilities Deposits $ 847,954 $ 848,359 $ 579,816 $ 268,543 $ - Repurchase agreements 14,659 14,659 - 14,659 - FHLB advances 16,000 16,191 - 16,191 - Trust preferred securities 10,310 10,043 - 10,043 - Interest payable 1,391 1,391 - 1,391 - December 31, 2018 Carrying Fair Fair Value Measurements Using Amount value (Level 1) (Level 2) (Level 3) ($ in thousands) Financial assets Cash and due from banks $ 48,363 $ 48,363 $ 48,363 $ - $ - Loans held for sale 4,445 4,589 - 4,589 - Loans, net of allowance for loan losses 763,716 757,469 - - 757,469 Federal Reserve and FHLB Bank stock, at cost 4,123 4,123 - 4,123 - Interest receivable 2,822 2,822 - 2,822 - Financial liabilities Deposits $ 802,552 $ 799,726 $ 561,090 $ 238,636 $ - Repurchase agreements 15,184 15,184 - 15,184 - FHLB advances 16,000 15,848 - 15,848 - Trust preferred securities 10,310 10,233 - 10,233 - Interest payable 909 909 - 909 -

Share Based Compensation

Share Based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
SHARE BASED COMPENSATION	NOTE 8 – SHARE BASED COMPENSATION In April 2017, the Company’s shareholders approved a new share-based incentive compensation plan, the SB Financial Group, Inc. 2017 Stock Incentive Plan (the “2017 Plan”), which replaced the Company’s 2008 Stock Incentive Plan (the “2008 Plan”). The 2017 Plan permits the Company to grant or award incentive stock options, nonqualified stock options, stock appreciation rights (“SAR’s”), restricted stock, and restricted stock units (“RSU’s”) to employees and directors of the Company and its subsidiaries. A total of 500,000 common shares of the Company are available for grants or awards under the 2017 Plan, of which 45,858 shares had been granted under the plan as of September 30, 2019. The 2008 Plan, which was approved by the Company’s shareholders in April 2008, permitted the grant or award of incentive stock options, nonqualified stock options, stock appreciation rights (“SARs”), and restricted stock for up to 250,000 common shares of the Company. While awards granted under the 2008 plan remain outstanding, no further awards can be granted under the 2008 Plan after April 2018. The 2008 and 2017 Plans are intended to advance the interests of the Company and its shareholders by offering employees, directors and advisory board members of the Company and its subsidiaries an opportunity to acquire or increase their ownership interest in the Company through grants of equity-based awards. The Plans permit equity-based awards to be used to attract, motivate, reward and retain highly competent individuals upon whose judgment, initiative, leadership and efforts are key to the success of the Company by encouraging those individuals to become shareholders of the Company. Stock option awards are granted with an exercise price equal to the market price of the Company’s stock at the date of grant and those option awards vest based on 5 years of continuous service and have 10-year contractual terms. The fair value of each option award was estimated on the date of grant using the Black-Scholes valuation model. No options were granted in the first nine months of 2019. A summary of stock option activity under the Company’s plans as of September 30, 2019 and changes during the quarter then ended, is presented below: ($ in thousands - except per share data) Shares Weighted Average Exercise Price Weighted Average Remaining Term Aggregate Intrinsic Value Outstanding, December 31, 2018 64,000 $ 6.99 Granted - - Exercised (6,500 ) 7.11 Forfeited - - Expired - - Outstanding, September 30, 2019 57,500 $ 6.98 0.38 $ 560 Exercisable, September 30, 2019 57,500 $ 6.98 0.38 $ 560 All stock options included in the table above were granted under the 2008 Plan. During 2019, the 6,500 option shares exercised had a total intrinsic value of $0.07 million and the cash received from these exercised options was $0.05 million. The tax benefit from these transactions was immaterial. As of September 30, 2019, there was no unrecognized compensation cost related to stock option awards granted under the 2008 Plan. On February 5, 2013, the Company adopted a Long Term Incentive (LTI) Plan. The Plan awards restricted stock in the Company to certain key executives under the 2008 and 2017 Plans. These restricted stock awards vest over a four-year period and are intended to assist the Company in retention of key executives. During 2018, the Company met certain performance targets and restricted stock awards were approved and issued in February of 2019. The compensation cost charged against income for the LTI Plan was $0.35 million, with a total income tax benefit recognized in the income statement of $0.07 million. As of September 30, 2019, there was $0.61 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements related to the restricted stock awards under the 2008 and 2017 Plans which were granted in accordance with the LTI plan. That cost is expected to be recognized over a weighted-average period of 2.5 years. A summary of restricted stock activity under the Company’s plans as of September 30, 2019 and changes during the quarter then ended, is presented below: Shares Weighted- Nonvested, December 31, 2018 46,894 $ 16.31 Granted 27,590 18.06 Vested (25,010 ) 16.05 Forfeited (4,121 ) 17.68 Nonvested, September 30, 2019 45,353 $ 17.40

Equity Capital

Equity Capital	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
EQUITY CAPITAL	NOTE 9 – EQUITY CAPITAL On February 9, 2018, the Company closed a common share capital raise, pursuant to which the Company issued and sold an aggregate of 1,666,666 common shares in a public offering registered with the Securities and Exchange Commission at a price of $18.00 per share, resulting in gross proceeds of $30.0 million. After fees and transaction expenses, the Company realized net proceeds of $27.9 million.

General Litigation

General Litigation	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
GENERAL LITIGATION	NOTE 10 – GENERAL LITIGATION The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. Additionally, the Company is subject to periodic examinations by various regulatory agencies. It is the opinion of management that the disposition or ultimate resolution of any such claims, lawsuits and examinations pending at September 30, 2019, will not have a material adverse effect on the consolidated financial position, results of operations and cash flow of the Company.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 11 – GOODWILL On March 15, 2019, the Company purchased all of the assets of a Title Agency through a newly-formed, wholly-owned subsidiary, SBFG Title, LLC. This acquisition resulted in approximately $1.4 million in goodwill. A summary of the activity in goodwill is presented below: ($ in thousands) Carrying Amount Balance, December 31, 2018 $ 16,353 Acquired goodwill 1,439 Balance, September 30, 2019 $ 17,792

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Summary of earnings per share	Three Months Ended ($ and outstanding shares in thousands - except per share data) 2019 2018 Distributed earnings allocated to common shares $ 581 $ 524 Undistributed earnings allocated to common shares 2,944 2,346 Net earnings allocated to common shares 3,525 2,870 Net earnings allocated to participating securities 4 4 Dividends on convertible preferred shares 233 244 Net Income allocated to common shares and participating securities $ 3,762 $ 3,118 Weighted average shares outstanding for basic earnings per share 6,397 6,503 Dilutive effect of stock compensation 34 58 Dilutive effect of convertible shares 1,445 1,461 Weighted average shares outstanding for diluted earnings per share 7,876 8,022 Basic earnings per common share $ 0.55 $ 0.45 Diluted earnings per common share $ 0.48 $ 0.39 Nine Months Ended ($ and outstanding shares in thousands - except per share data) 2019 2018 Distributed earnings allocated to common shares $ 1,723 $ 1,532 Undistributed earnings allocated to common shares 6,159 6,404 Net earnings allocated to common shares 7,882 7,936 Net earnings allocated to participating securities 13 11 Dividends on convertible preferred shares 720 732 Net Income allocated to common shares and participating securities $ 8,615 $ 8,679 Weighted average shares outstanding for basic earnings per share 6,459 6,106 Dilutive effect of stock compensation 36 63 Dilutive effect of convertible shares 1,460 1,457 Weighted average shares outstanding for diluted earnings per share 7,955 7,626 Basic earnings per common share $ 1.22 $ 1.30 Diluted earnings per common share $ 1.08 $ 1.14

Available for Sale Securities (

Available for Sale Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Summary of amortized cost and appropriate fair values, together with gross unrealized gains and losses, of securities	Gross Gross ($ in thousands) Amortized Unrealized Unrealized September 30, 2019 Cost Gains Losses Fair Value U.S. Treasury and Government agencies $ 12,041 $ 231 $ (8 ) $ 12,264 Mortgage-backed securities 54,394 598 (70 ) 54,922 State and political subdivisions 9,455 389 (1 ) 9,843 Totals $ 75,890 $ 1,218 $ (79 ) $ 77,029 Gross Gross Amortized Unrealized Unrealized December 31, 2018 Cost Gains Losses Fair Value U.S. Treasury and Government agencies $ 18,597 $ 187 $ (114 ) $ 18,670 Mortgage-backed securities 61,868 114 (1,039 ) 60,943 State and political subdivisions 11,203 180 (27 ) 11,356 Totals $ 91,668 $ 481 $ (1,180 ) $ 90,969
Summary of amortized cost and fair value of securities available for sale by contractual maturity	Amortized Fair ($ in thousands) Cost Value Within one year $ 4,242 $ 4,242 Due after one year through five years 6,323 6,415 Due after five years through ten years 6,680 6,909 Due after ten years 4,251 4,541 21,496 22,107 Mortgage-backed securities 54,394 54,922 Totals $ 75,890 $ 77,029
Summary of securities with unrealized losses	Less than 12 Months 12 Months or Longer Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury and Government agencies $ - $ - $ 2,592 $ (8 ) $ 2,592 $ (8 ) Mortgage-backed securities 6,462 (18 ) 6,011 (52 ) 12,473 (70 ) State and political subdivisions 565 (1 ) - - 565 (1 ) Totals $ 7,027 $ (19 ) $ 8,603 $ (60 ) $ 15,630 $ (79 ) Less than 12 Months 12 Months or Longer Total December 31, 2018 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury and Government agencies $ 1,417 $ (8 ) $ 7,870 $ (106 ) $ 9,287 $ (114 ) Mortgage-backed securities 10,613 (54 ) 37,495 (985 ) 48,108 (1,039 ) State and political subdivisions 417 (6 ) 1,159 (21 ) 1,576 (27 ) Totals $ 12,447 $ (68 ) $ 46,524 $ (1,112 ) $ 58,971 $ (1,180 )

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Summary of categories of loans	Total Loans Nonaccrual Loans ($ in thousands) September 2019 December 2018 September 2019 December 2018 Commercial & industrial $ 144,462 $ 127,041 $ 834 $ 730 Commercial real estate - owner occupied 97,470 95,651 - - Commercial real estate - nonowner occupied 263,869 245,140 262 218 Agricultural 51,946 52,012 - - Residential real estate 202,021 187,104 1,811 1,752 Home equity line of credit (HELOC) 48,027 47,382 362 195 Consumer 14,888 16,954 6 11 Total Loans $ 822,683 $ 771,284 $ 3,275 $ 2,906 Net deferred costs $ 684 $ 599 Total Loans, net deferred costs $ 823,367 $ 771,883 Allowance for loan losses $ (8,492 ) $ (8,167 )
Summary of allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method	nce for loan losses Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total For the Three Months Ended September 30, 2019 Beginning balance $ 1,378 $ 3,448 $ 509 $ 2,287 $ 684 $ 8,306 Charge offs (95 ) - - (23 ) (10 ) (128 ) Recoveries 7 - - 1 6 14 Provision 103 72 (16 ) 128 13 300 Ending balance $ 1,393 $ 3,520 $ 493 $ 2,393 $ 693 $ 8,492 For the Nine Months Ended September 30, 2019 Beginning balance $ 1,435 $ 2,923 $ 482 $ 2,567 $ 760 $ 8,167 Charge offs (143 ) - - (23 ) (42 ) (208 ) Recoveries 8 - - 2 23 33 Provision 93 597 11 (153 ) (48 ) 500 Ending Balance $ 1,393 $ 3,520 $ 493 $ 2,393 $ 693 $ 8,492 ($ in thousands) Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total For the Three Months Ended September 30, 2018 Beginning balance $ 1,061 $ 3,720 $ 488 $ 2,550 # $ 675 $ 8,494 Charge offs - - - - (11 ) (11 ) Recoveries - - - - 6 6 Provision 13 5 (9 ) (39 ) 30 - Ending balance $ 1,074 $ 3,725 $ 479 $ 2,511 $ 700 $ 8,489 For the Nine Months Ended September 30, 2018 Beginning balance $ 823 $ 3,779 $ 505 $ 2,129 $ 694 $ 7,930 Charge offs - (36 ) - (26 ) (23 ) (85 ) Recoveries - 29 - 2 13 44 Provision 251 (47 ) (26 ) 406 16 600 Ending balance $ 1,074 $ 3,725 $ 479 $ 2,511 $ 700 $ 8,489 ($ in thousands) Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total Loans Receivable at September 30, 2019 Allowance: Ending balance: individually evaluated for impairment $ - $ - $ - $ 45 $ - $ 45 Ending balance: collectively evaluated for impairment $ 1,393 $ 3,520 $ 493 $ 2,348 $ 693 $ 8,447 Loans: Ending balance: individually evaluated for impairment $ 784 $ 203 $ - $ 2,007 $ 34 $ 3,028 Ending balance: collectively evaluated for impairment $ 143,678 $ 361,136 $ 51,946 $ 200,014 $ 62,881 $ 819,655 ($ in thousands) Commercial & industrial Commercial real estate Agricultural Residential real estate Consumer Total Loans Receivable at December 31, 2018 Allowance: Ending balance: individually evaluated for impairment $ 61 $ - $ - $ 73 $ 4 $ 138 Ending balance: collectively evaluated for impairment $ 1,374 $ 2,923 $ 482 $ 2,494 $ 756 $ 8,029 Loans: Ending balance: individually evaluated for impairment $ 700 $ 283 $ - $ 2,111 $ 190 $ 3,284 Ending balance: collectively evaluated for impairment $ 126,341 $ 340,508 $ 52,012 $ 184,993 $ 64,146 $ 768,000
Summary of credit risk profile of the Company's loan portfolio based on rating category	($ in thousands) Commercial & industrial Commercial real estate - owner occupied Commercial real estate - nonowner occupied Agricultural Residential real estate HELOC Consumer Total Pass (1 - 4) 141,927 97,175 260,730 51,706 199,387 47,554 14,856 813,335 Special Mention (5) 1,638 295 1,956 240 - - - 4,129 Substandard (6) 530 - 921 - 2,601 473 32 4,557 Doubtful (7) 367 - 262 - 33 - - 662 Loss (8) - - - - - - - - Total Loans $ 144,462 $ 97,470 $ 263,869 $ 51,946 $ 202,021 $ 48,027 $ 14,888 $ 822,683 ($ in thousands) Commercial & industrial Commercial real estate - owner occupied Commercial real estate - nonowner occupied Agricultural Residential real estate HELOC Consumer Total Pass (1 - 4) $ 123,861 $ 95,651 $ 243,188 $ 51,702 $ 184,581 $ 47,148 $ 16,854 $ 762,985 Special Mention (5) 680 - 20 310 - - - 1,010 Substandard (6) 2,305 - 1,714 - 2,488 234 100 6,841 Doubtful (7) 195 - 218 - 35 - - 448 Loss (8) - - - - - - - - Total Loans $ 127,041 $ 95,651 $ 245,140 $ 52,012 $ 187,104 $ 47,382 $ 16,954 $ 771,284
Summary of loan portfolio aging analysis	($ in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Receivable Commercial & industrial $ 62 $ - $ 301 $ 363 $ 144,099 $ 144,462 Commercial real estate - owner occupied - - - - 97,470 97,470 Commercial real estate - nonowner occupied 279 - 59 338 263,531 263,869 Agricultural - - - - 51,946 51,946 Residential real estate 85 269 677 1,031 200,990 202,021 HELOC 102 - 124 226 47,801 48,027 Consumer 19 19 2 40 14,848 14,888 Total Loans $ 547 $ 288 $ 1,163 $ 1,998 $ 820,685 $ 822,683 ($ in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Receivable Commercial & industrial $ 120 $ - $ 661 $ 781 $ 126,260 $ 127,041 Commercial real estate - owner occupied - - - - 95,651 95,651 Commercial real estate - nonowner occupied 342 1 - 343 244,797 245,140 Agricultural - - - - 52,012 52,012 Residential real estate 2,391 824 372 3,587 183,517 187,104 HELOC 163 16 55 234 47,148 47,382 Consumer 14 63 23 100 16,854 16,954 Total Loans $ 3,030 $ 904 $ 1,111 $ 5,045 $ 766,239 $ 771,284
Summary of impaired loan activity	Nine Months Ended Recorded Unpaid Principal Related Average Recorded Interest Income ($ in thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & industrial $ 784 $ 1,154 $ - $ 1,432 $ 76 Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied 203 203 - 259 15 Agricultural - - - - - Residential real estate 1,481 1,524 - 1,808 74 HELOC 17 17 19 1 Consumer 17 17 - 20 1 With a specific allowance recorded: Commercial & industrial - - - - - Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied - - - - - Agricultural - - - - - Residential real estate 526 526 45 538 19 HELOC - - - - - Consumer - - - - - Totals: Commercial & industrial $ 784 $ 1,154 $ - $ 1,432 $ 76 Commercial real estate - owner occupied $ - $ - $ - $ - $ - Commercial real estate - nonowner occupied $ 203 $ 203 $ - $ 259 $ 15 Agricultural $ - $ - $ - $ - $ - Residential real estate $ 2,007 $ 2,050 $ 45 $ 2,346 $ 93 HELOC $ 17 $ 17 $ - $ 19 $ 1 Consumer $ 17 $ 17 $ - $ 20 $ 1 Three Months Ended Average Recorded Interest Income September 30, 2019 Investment Recognized ($ in thousands) With no related allowance recorded: Commercial & industrial $ 1,202 $ 22 Commercial real estate - owner occupied - - Commercial real estate - nonowner occupied 259 5 Agricultural - - Residential real estate 1,793 24 HELOC 17 - Consumer 18 - With a specific allowance recorded: Commercial & industrial - - Commercial real estate - owner occupied - - Commercial real estate - nonowner occupied - - Agricultural - - Residential real estate 533 6 HELOC - - Consumer - - Totals: Commercial & industrial $ 1,202 $ 22 Commercial real estate - owner occupied $ - $ - Commercial real estate - nonowner occupied $ 259 $ 5 Agricultural $ - $ - Residential real estate $ 2,326 $ 30 HELOC $ 17 $ - Consumer $ 18 $ - Twelve Months Ended Recorded Unpaid Principal Related Average Recorded Interest Income ($ in thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & industrial $ 575 $ 802 $ - $ 370 $ 21 Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied 283 283 - 336 21 Agricultural - - - - - Residential real estate 1,249 1,292 - 1,995 91 HELOC 20 20 - 21 1 Consumer 93 93 - 104 7 With a specific allowance recorded: Commercial & industrial 125 125 61 127 21 Commercial real estate - owner occupied - - - - - Commercial real estate - nonowner occupied - - - - - Agricultural - - - - - Residential real estate 862 888 73 426 20 HELOC - - - - - Consumer 77 77 4 91 6 Totals: Commercial & industrial $ 700 $ 927 $ 61 $ 497 $ 42 Commercial real estate - owner occupied $ - $ - $ - $ - $ - Commercial real estate - nonowner occupied $ 283 $ 283 $ - $ 336 $ 21 Agricultural $ - $ - $ - $ - $ - Residential real estate $ 2,111 $ 2,180 $ 73 $ 2,421 $ 111 HELOC $ 20 $ 20 $ - $ 21 $ 1 Consumer $ 170 $ 170 $ 4 $ 195 $ 13 Nine Months Ended Three Months Ended September 30, 2018 Average Recorded Interest Income Average Recorded Interest Income ($ in thousands) Investment Recognized Investment Recognized With no related allowance recorded: Commercial & industrial $ 777 $ 19 $ 763 $ (9 ) Commercial real estate - owner occupied - - - - Commercial real estate - nonowner occupied 336 17 336 5 Agricultural - - - - Residential real estate 1,745 57 1,733 16 HELOC - - - - Consumer 106 5 102 2 With a specific allowance recorded: Commercial & industrial - - - - Commercial real estate - owner occupied - - - - Commercial real estate - nonowner occupied - - - - Agricultural - - - - Residential real estate 428 15 424 5 HELOC - - - - Consumer 92 4 90 1 Totals: Commercial & industrial $ 777 $ 19 $ 763 $ (9 ) Commercial real estate - owner occupied $ - $ - $ - $ - Commercial real estate - nonowner occupied $ 336 $ 17 $ 336 $ 5 Agricultural $ - $ - $ - $ - Residential real estate $ 2,173 $ 72 $ 2,157 $ 21 HELOC $ - $ - $ - $ - Consumer $ 198 $ 9 $ 192 $ 3
Schedule of TDR activity	($ in thousands) Number of Loans Pre-Modification Post Modification Commercial & industrial 3 $ 763 $ 763 Total Modifications 3 $ 763 $ 763 Interest Total Only Term Combination Modification Commercial & industrial $ 150 $ 613 $ - $ 763 Total Modifications $ 150 $ 613 $ - $ 763

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2019
Mortgage Servicing Rights [Abstract]
Schedule of mortgage servicing rights capitalized and related amortization	($ in thousands) 2019 2018 Carrying amount, January 1 $ 11,365 $ 9,907 Mortgage servicing rights capitalized during the year 1,895 2,288 Mortgage servicing rights amortization during the year (1,415 ) (931 ) Net change in valuation allowance (1,398 ) 8 Carrying amount, September 30 $ 10,447 $ 11,272 Valuation allowance: January 1 $ 212 $ 151 Increase (reduction) 1,398 (8 ) September 30 $ 1,610 $ 143

Derivative Financial Instrume_2

Derivative Financial Instruments and Repurchase Agreements (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair values of derivative instruments on the balance sheet	Asset Derivatives Liability Derivatives September 30, 2019 September 30, 2019 Balance Sheet Fair Balance Sheet Fair ($ in thousands) Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 4,233 Other Liabilities $ 4,233 Asset Derivatives Liability Derivatives December 31, 2018 December 31, 2018 Balance Sheet Fair Balance Sheet Fair ($ in thousands) Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 687 Other Liabilities $ 687

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Summary of fair value measurements of assets measured at fair value on a recurring basis	Fair Value Measurements Using: ($ in thousands) September 30, (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 12,264 $ - $ 12,264 $ - Mortgage-backed securities 54,922 - 54,922 - State and political subdivisions 9,843 - 9,843 - Interest rate contracts - assets 4,233 - 4,233 - Interest rate contracts - liabilities (4,233 ) - (4,233 ) - Fair Value Measurements Using: ($ in thousands) December 31, (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 18,670 $ - $ 18,670 $ - Mortgage-backed securities 60,943 - 60,943 - State and political subdivisions 11,356 - 11,356 - Interest rate contracts - assets 687 - 687 - Interest rate contracts - liabilities (687 ) - (687 ) - Level 1 – Quoted Prices in Active Markets for Identical Assets Level 2 – Significant Other Observable Inputs Level 3 – Significant Unobservable Inputs
Summary of fair value measurements of assets measured at fair value on a nonrecurring basis	Fair Values at ($ in thousands) September 30, (Level 1) (Level 2) (Level 3) Impaired loans $ 530 $ - $ - $ 530 Mortgage Servicing Rights 5,311 - - 5,311 Fair Values at ($ in thousands) December 31, 2018 (Level 1) (Level 2) (Level 3) Impaired loans $ 1,027 $ - $ - $ 1,027 Mortgage Servicing Rights 3,191 - - 3,191 Level 1 - Quoted Prices in Active Markets for Identical Assets Level 2 - Significant Other Observable Inputs Level 3 - Significant Unobservable Inputs
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring	Fair Values at Range ($ in thousands) September 30, Valuation Unobservable Inputs (weighted- Collateral-dependent impaired loans $ 530 Market comparable properties Comparability adjustments (%) 10 - 35% (16 %) Mortgage servicing rights 5,311 Discounted cash flow Discount Rate 9.18 % Constant prepayment rate 11.64 % P&I earnings credit 1.85 % T&I earnings credit 2.11 % Inflation for cost of servicing 1.50 % Fair Values at Range ($ in thousands) December 31, Valuation Technique Unobservable Inputs (weighted- average) Collateral-dependent impaired loans $ 1,027 Market comparable properties Comparability adjustments (%) 20 - 35% (29 %) Mortgage servicing rights 3,191 Discounted cash flow Discount Rate 10.30 % Constant prepayment rate 7.02 % P&I earnings credit 2.51 % T&I earnings credit 3.02 % Inflation for cost of servicing 1.50 %
Summary of estimated fair values of company's financial instruments	September 30, 2019 Carrying Fair Fair Value Measurements Using Amount value (Level 1) (Level 2) (Level 3) ($ in thousands) Financial assets Cash and due from banks $ 49,824 $ 49,824 $ 49,824 $ - $ - Loans held for sale 13,655 13,858 - 13,858 - Loans, net of allowance for loan losses 814,875 810,885 - - 810,885 Federal Reserve and FHLB Bank stock, at cost 4,648 4,648 - 4,648 - Interest receivable 3,176 3,176 - 3,176 - Financial liabilities Deposits $ 847,954 $ 848,359 $ 579,816 $ 268,543 $ - Repurchase agreements 14,659 14,659 - 14,659 - FHLB advances 16,000 16,191 - 16,191 - Trust preferred securities 10,310 10,043 - 10,043 - Interest payable 1,391 1,391 - 1,391 - December 31, 2018 Carrying Fair Fair Value Measurements Using Amount value (Level 1) (Level 2) (Level 3) ($ in thousands) Financial assets Cash and due from banks $ 48,363 $ 48,363 $ 48,363 $ - $ - Loans held for sale 4,445 4,589 - 4,589 - Loans, net of allowance for loan losses 763,716 757,469 - - 757,469 Federal Reserve and FHLB Bank stock, at cost 4,123 4,123 - 4,123 - Interest receivable 2,822 2,822 - 2,822 - Financial liabilities Deposits $ 802,552 $ 799,726 $ 561,090 $ 238,636 $ - Repurchase agreements 15,184 15,184 - 15,184 - FHLB advances 16,000 15,848 - 15,848 - Trust preferred securities 10,310 10,233 - 10,233 - Interest payable 909 909 - 909 -

Share Based Compensation (Table

Share Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of stock option activity under the Company's plans	($ in thousands - except per share data) Shares Weighted Average Exercise Price Weighted Average Remaining Term Aggregate Intrinsic Value Outstanding, December 31, 2018 64,000 $ 6.99 Granted - - Exercised (6,500 ) 7.11 Forfeited - - Expired - - Outstanding, September 30, 2019 57,500 $ 6.98 0.38 $ 560 Exercisable, September 30, 2019 57,500 $ 6.98 0.38 $ 560
Schedule of restricted stock activity under the Company's plans	Shares Weighted-Average Value per Share Nonvested, December 31, 2018 46,894 $ 16.31 Granted 27,590 18.06 Vested (25,010 ) 16.05 Forfeited (4,121 ) 17.68 Nonvested, September 30, 2019 45,353 $ 17.40

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the activity in goodwill and intangibles	($ in thousands) Carrying Amount Balance, December 31, 2018 $ 16,353 Acquired goodwill 1,439 Balance, September 30, 2019 $ 17,792

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Thousands	Sep. 30, 2019USD ($)
Basis of presentation (Textual)
Right-of-use asset	$ 300
Lease obligation liability	$ 300

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Distributed earnings allocated to common shares	$ 581	$ 524	$ 1,723	$ 1,532
Undistributed earnings allocated to common shares	2,944	2,346	6,159	6,404
Net earnings allocated to common shares	3,525	2,870	7,882	7,936
Net earnings allocated to participating securities	4	4	13	11
Dividends on convertible preferred shares	233	244	720	732
Net Income allocated to common shares and participating securities	$ 3,762	$ 3,118	$ 8,615	$ 8,679
Weighted average shares outstanding for basic earnings per share	6,397	6,503	6,459	6,106
Dilutive effect of stock compensation	34	58	36	63
Dilutive effect of convertible shares	1,445	1,461	1,460	1,457
Weighted average shares outstanding for diluted earnings per share	7,876	8,022	7,955	7,626
Basic earnings per common share	$ 0.55	$ 0.45	$ 1.22	$ 1.30
Diluted earnings per common share	$ 0.48	$ 0.39	$ 1.08	$ 1.14

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual)	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Earnings Per Share (Textual)
Conversion current price | $ / shares	$ 10.119
Conversion of outstanding depository shares	1,430,570
Conversion of common stock, shares	1,413,909

Available for Sale Securities_2

Available for Sale Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 75,890	$ 91,668
Gross Unrealized Gains	1,218	481
Gross Unrealized Losses	(79)	(1,180)
Fair Value	77,029	90,969
U.S. Treasury and Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,041	18,597
Gross Unrealized Gains	231	187
Gross Unrealized Losses	(8)	(114)
Fair Value	12,264	18,670
Mortgage-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	54,394	61,868
Gross Unrealized Gains	598	114
Gross Unrealized Losses	(70)	(1,039)
Fair Value	54,922	60,943
State and political subdivisions [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,455	11,203
Gross Unrealized Gains	389	180
Gross Unrealized Losses	(1)	(27)
Fair Value	$ 9,843	$ 11,356

Available for Sale Securities_3

Available for Sale Securities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Summary of amortized cost and fair value of securities available for sale by contractual maturity
Available for Sale, Amortized Cost, Within one year	$ 4,242
Available for Sale, Amortized Cost, Due after one year through five years	6,323
Available for Sale, Amortized Cost, Due after five years through ten years	6,680
Available for Sale, Amortized Cost, Due after ten years	4,251
Available for Sale, Amortized Cost	21,496
Available for Sale, Amortized Cost, Mortgage-backed securities	54,394
Available for Sale, Amortized Cost, Totals	75,890	$ 91,668
Available for Sale, Fair Value, Within one year	4,242
Available for Sale, Fair Value, Due after one year through five years	6,415
Available for Sale, Fair Value, Due after five years through ten years	6,909
Available for Sale, Fair Value, Due after ten years	4,541
Available for Sale, Fair Value	22,107
Available for Sale, Fair Value, Mortgage-backed securities	54,922
Available for Sale, Fair Value, Totals	$ 77,029	$ 90,969

Available for Sale Securities_4

Available for Sale Securities (Details 2) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value	$ 7,027	$ 12,447
Less than 12 Months, Unrealized Losses	(19)	(68)
12 Months or Longer, Fair Value	8,603	46,524
12 Months or Longer, Unrealized Losses	(60)	(1,112)
Total, Fair Value	15,630	58,971
Total, Unrealized Losses	(79)	(1,180)
U.S. Treasury and Government agencies [Member]
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value		1,417
Less than 12 Months, Unrealized Losses		(8)
12 Months or Longer, Fair Value	2,592	7,870
12 Months or Longer, Unrealized Losses	(8)	(106)
Total, Fair Value	2,592	9,287
Total, Unrealized Losses	(8)	(114)
Mortgage-backed securities [Member]
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value	6,462	10,613
Less than 12 Months, Unrealized Losses	(18)	(54)
12 Months or Longer, Fair Value	6,011	37,495
12 Months or Longer, Unrealized Losses	(52)	(985)
Total, Fair Value	12,473	48,108
Total, Unrealized Losses	(70)	(1,039)
State and political subdivisions [Member]
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value	565	417
Less than 12 Months, Unrealized Losses	(1)	(6)
12 Months or Longer, Fair Value		1,159
12 Months or Longer, Unrealized Losses		(21)
Total, Fair Value	565	1,576
Total, Unrealized Losses	$ (1)	$ (27)

Available for Sale Securities_5

Available for Sale Securities (Details Textual) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Available for sale securities (Textual)
Fair value of securities pledged as collateral	$ 32,600		$ 30,700
Securities delivered for repurchase agreements	17,900		17,900
Gross gains from sales of available-for-sale securities	200	$ 70
Tax expense	40	$ 20
Total fair value of investments	$ 15,630		$ 58,971
Fair value as a percentage of available-for-sale investment portfolio	20.00%		65.00%
Unrealized loss	$ 80		$ 1,200

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 822,683	$ 771,284
Nonaccrual Loans	3,275	2,906
Net deferred costs	684	599
Total Loans, net deferred costs	823,367	771,883
Allowance for loan losses	(8,492)	(8,167)
Commercial & industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	144,462	127,041
Nonaccrual Loans	834	730
Commercial real estate - owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	97,470	95,651
Nonaccrual Loans
Commercial real estate - nonowner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	263,869	245,140
Nonaccrual Loans	262	218
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	51,946	52,012
Nonaccrual Loans
Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	202,021	187,104
Nonaccrual Loans	1,811	1,752
Home equity line of credit (HELOC) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	48,027	47,382
Nonaccrual Loans	362	195
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	14,888	16,954
Nonaccrual Loans	$ 6	$ 11

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	$ 8,306	$ 8,306	$ 8,167	$ 8,167
Charge offs	(128)	(128)	(208)	(208)
Recoveries	14	14	33	33
Provision	300	300	500	500
Ending balance	8,492	8,492	8,492	8,492
Allowance: Ending balance: individually evaluated for impairment	45		45		$ 138
Allowance: Ending balance: collectively evaluated for impairment	8,447		8,447		8,029
Loans: Ending balance: individually evaluated for impairment	3,028		3,028		3,284
Loans: Ending balance: collectively evaluated for impairment	819,655		819,655		768,000
Commercial & industrial [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	1,378	1,061	1,435	823
Charge offs	(95)		(143)
Recoveries	7		8
Provision	103	13	93	251
Ending balance	1,393	1,074	1,393	1,074
Allowance: Ending balance: individually evaluated for impairment					61
Allowance: Ending balance: collectively evaluated for impairment	1,393		1,393		1,374
Loans: Ending balance: individually evaluated for impairment	784		784		700
Loans: Ending balance: collectively evaluated for impairment	143,678		143,678		126,341
Commercial real estate [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	3,448	3,720	2,923	3,779
Charge offs				(36)
Recoveries				29
Provision	72	5	597	(47)
Ending balance	3,520	3,725	3,520	3,725
Allowance: Ending balance: individually evaluated for impairment
Allowance: Ending balance: collectively evaluated for impairment	3,520		3,520		2,923
Loans: Ending balance: individually evaluated for impairment	203		203		283
Loans: Ending balance: collectively evaluated for impairment	361,136		361,136		340,508
Agricultural [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	509	488	482	505
Charge offs
Recoveries
Provision	(16)	(9)	11	(26)
Ending balance	493	479	493	479
Allowance: Ending balance: individually evaluated for impairment
Allowance: Ending balance: collectively evaluated for impairment	493		493		482
Loans: Ending balance: individually evaluated for impairment
Loans: Ending balance: collectively evaluated for impairment	51,946		51,946		52,012
Residential real estate [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	2,287	2,550	2,567	2,129
Charge offs	(23)		(23)	(26)
Recoveries	1		2	2
Provision	128	(39)	(153)	406
Ending balance	2,393	2,511	2,393	2,511
Allowance: Ending balance: individually evaluated for impairment	45		45		73
Allowance: Ending balance: collectively evaluated for impairment	2,348		2,348		2,494
Loans: Ending balance: individually evaluated for impairment	2,007		2,007		2,111
Loans: Ending balance: collectively evaluated for impairment	200,014		200,014		184,993
Consumer [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	684	684	760	760
Charge offs	(10)	(10)	(42)	(42)
Recoveries	6	6	23	23
Provision	13	13	(48)	(48)
Ending balance	693	$ 693	693	$ 693
Allowance: Ending balance: individually evaluated for impairment					4
Allowance: Ending balance: collectively evaluated for impairment	693		693		756
Loans: Ending balance: individually evaluated for impairment	34		34		190
Loans: Ending balance: collectively evaluated for impairment	$ 62,881		$ 62,881		$ 64,146

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 822,683	$ 771,284
Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	813,335	762,985
Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	4,129	1,010
Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	4,557	6,841
Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	662	448
Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Commercial & industrial [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	144,462	127,041
Commercial & industrial [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	141,927	123,861
Commercial & industrial [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	1,638	680
Commercial & industrial [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	530	2,305
Commercial & industrial [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	367	195
Commercial & industrial [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Commercial real estate - owner occupied [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	97,470	95,651
Commercial real estate - owner occupied [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	97,175	95,651
Commercial real estate - owner occupied [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	295
Commercial real estate - owner occupied [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Commercial real estate - owner occupied [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Commercial real estate - nonowner [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	263,869	245,140
Commercial real estate - nonowner [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	260,730	243,188
Commercial real estate - nonowner [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	1,956	20
Commercial real estate - nonowner [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	921	1,714
Commercial real estate - nonowner [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	262	218
Agricultural [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	51,946	52,012
Agricultural [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	51,706	51,702
Agricultural [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	240	310
Agricultural [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Agricultural [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Agricultural [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Residential real estate [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	202,021	187,104
Residential real estate [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	199,387	184,581
Residential real estate [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Residential real estate [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	2,601	2,488
Residential real estate [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	33	35
Residential real estate [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
HELOC [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	48,027	47,382
HELOC [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	47,554	47,148
HELOC [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
HELOC [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	473	234
HELOC [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
HELOC [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Consumer [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	14,888	16,954
Consumer [Member] | Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	14,856	16,854
Consumer [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Consumer [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	32	100
Consumer [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Consumer [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Summary of loan portfolio aging analysis
Total Past Due	$ 1,998	$ 5,045
Current	820,685	766,239
Total Loans Receivable	822,683	771,284
30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	547	3,030
60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	288	904
Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	1,163	1,111
Commercial & industrial [Member]
Summary of loan portfolio aging analysis
Total Past Due	363	781
Current	144,099	126,260
Total Loans Receivable	144,462	127,041
Commercial & industrial [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	62	120
Commercial & industrial [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Commercial & industrial [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	301	661
Commercial real estate - owner occupied [Member]
Summary of loan portfolio aging analysis
Total Past Due
Current	97,470	95,651
Total Loans Receivable	97,470	95,651
Commercial real estate - owner occupied [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Commercial real estate - owner occupied [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Commercial real estate - owner occupied [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due
Commercial real estate - nonowner occupied [Member]
Summary of loan portfolio aging analysis
Total Past Due	338	343
Current	263,531	244,797
Total Loans Receivable	263,869	245,140
Commercial real estate - nonowner occupied [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	279	342
Commercial real estate - nonowner occupied [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due		1
Commercial real estate - nonowner occupied [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	59
Agricultural [Member]
Summary of loan portfolio aging analysis
Total Past Due
Current	51,946	52,012
Total Loans Receivable	51,946	52,012
Agricultural [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Agricultural [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Agricultural [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due
Residential real estate [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	85	2,391
Residential real estate [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	269	824
Residential real estate [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	677	372
Residential real estate [Member]
Summary of loan portfolio aging analysis
Total Past Due	1,031	3,587
Current	200,990	183,517
Total Loans Receivable	202,021	187,104
HELOC [Member]
Summary of loan portfolio aging analysis
Total Past Due	226	234
Current	47,801	47,148
Total Loans Receivable	48,027	47,382
HELOC [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	102	163
HELOC [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due		16
HELOC [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	124	55
Consumer [Member]
Summary of loan portfolio aging analysis
Total Past Due	40	100
Current	14,848	16,854
Total Loans Receivable	14,888	16,954
Consumer [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	19	14
Consumer [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	19	63
Consumer [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	$ 2	$ 23

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Commercial & industrial [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	$ 784		$ 784		$ 575
With no related allowance recorded, Unpaid Principal Balance	1,154		1,154		802
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment	1,202	$ 763	1,432	$ 777	370
With no related allowance recorded, Interest Income Recognized	22	(9)	46	19	21
With a specific allowance recorded, Recorded Investment					125
With a specific allowance recorded, Unpaid Principal Balance					125
With a specific allowance recorded, Related Allowance					61
With a specific allowance recorded, Average Recorded Investment					127
With a specific allowance recorded, Interest Income Recognized					21
Total Recorded Investment	784		784		700
Total Unpaid Principal Balance	1,154		1,154		927
Total Related Allowance					61
Total Average Recorded Investment		763	1,432	777	497
Total Interest Income Recognized	19	(9)	76	19	42
Commercial real estate - owner occupied [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment
With no related allowance recorded, Unpaid Principal Balance
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With a specific allowance recorded, Recorded Investment
With a specific allowance recorded, Unpaid Principal Balance
With a specific allowance recorded, Related Allowance
With a specific allowance recorded, Average Recorded Investment
With a specific allowance recorded, Interest Income Recognized
Total Recorded Investment
Total Unpaid Principal Balance
Total Related Allowance
Total Average Recorded Investment
Total Interest Income Recognized
Commercial real estate - nonowner occupied [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	203		203		283
With no related allowance recorded, Unpaid Principal Balance	203		203		283
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment	259	336	259	336	336
With no related allowance recorded, Interest Income Recognized	5	5	15	17	21
With a specific allowance recorded, Recorded Investment
With a specific allowance recorded, Unpaid Principal Balance
With a specific allowance recorded, Related Allowance
With a specific allowance recorded, Average Recorded Investment
With a specific allowance recorded, Interest Income Recognized
Total Recorded Investment	203		203		283
Total Unpaid Principal Balance	203		203		283
Total Related Allowance
Total Average Recorded Investment	259	336	259	336	336
Total Interest Income Recognized	5	5	15	17	21
Agricultural [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment
With no related allowance recorded, Unpaid Principal Balance
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With a specific allowance recorded, Recorded Investment
With a specific allowance recorded, Unpaid Principal Balance
With a specific allowance recorded, Related Allowance
With a specific allowance recorded, Average Recorded Investment
With a specific allowance recorded, Interest Income Recognized
Total Recorded Investment
Total Unpaid Principal Balance
Total Related Allowance
Total Average Recorded Investment
Total Interest Income Recognized
Residential real estate [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	1,481		1,481		1,249
With no related allowance recorded, Unpaid Principal Balance	1,524		1,524		1,292
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment	1,793	1,733	1,808	1,745	1,995
With no related allowance recorded, Interest Income Recognized	24	16	74	57	91
With a specific allowance recorded, Recorded Investment	526		526		862
With a specific allowance recorded, Unpaid Principal Balance	526		526		888
With a specific allowance recorded, Related Allowance	45		45		73
With a specific allowance recorded, Average Recorded Investment	533	424	538	428	426
With a specific allowance recorded, Interest Income Recognized	6		19	15	20
Total Recorded Investment	2,007		2,007		2,111
Total Unpaid Principal Balance	2,050		2,050		2,180
Total Related Allowance	45		45		73
Total Average Recorded Investment	2,326	2,157	2,346	2,173	2,421
Total Interest Income Recognized	30	21	93	72	111
HELOC [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	17		17		20
With no related allowance recorded, Unpaid Principal Balance	17		17		20
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment	17		19		21
With no related allowance recorded, Interest Income Recognized			1		1
With a specific allowance recorded, Recorded Investment
With a specific allowance recorded, Unpaid Principal Balance
With a specific allowance recorded, Related Allowance
With a specific allowance recorded, Average Recorded Investment
With a specific allowance recorded, Interest Income Recognized
Total Recorded Investment	17		17		20
Total Unpaid Principal Balance	17		17		20
Total Related Allowance
Total Average Recorded Investment	17		19		21
Total Interest Income Recognized			1		1
Consumer [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	17		17		93
With no related allowance recorded, Unpaid Principal Balance	17		17		93
With no related allowance recorded, Related Allowance
With no related allowance recorded, Average Recorded Investment	18	102	20	106	104
With no related allowance recorded, Interest Income Recognized		2	1	5	7
With a specific allowance recorded, Recorded Investment					77
With a specific allowance recorded, Unpaid Principal Balance					77
With a specific allowance recorded, Related Allowance					4
With a specific allowance recorded, Average Recorded Investment		90		92	91
With a specific allowance recorded, Interest Income Recognized		1		4	6
Total Recorded Investment	17		17		170
Total Unpaid Principal Balance	17		17		170
Total Related Allowance					4
Total Average Recorded Investment	18	192	20	198	195
Total Interest Income Recognized		$ 3	$ 1	$ 9	$ 13

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses (Details 5) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)Loans
TDR activity
Recorded Balance	$ 763
Number of Loans | Loans	3
Interest Only	$ 150
Term	613
Combination
Total Modification	763
Commercial & industrial [Member]
TDR activity
Recorded Balance	$ 763
Number of Loans | Loans	3
Interest Only	$ 150
Term	613
Combination
Total Modification	$ 763

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Loans and Allowance for Loan Losses (Textual)
Principal amount outstanding of loans held-in-portfolio	$ 100
Impaired loans which included in groups of homogenous loans, description	Impaired loans less than $100,000 are included in groups of homogenous loans.

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Mortgage servicing rights capitalized and related amortization
Carrying amount, January 1	$ 11,365	$ 9,907
Mortgage servicing rights capitalized during the year	1,895	2,288
Mortgage servicing rights amortization during the year	(1,415)	(931)
Net change in valuation allowance	(1,398)	8
Carrying amount, September 30	10,447	11,272
Valuation allowance:
January 1	212	151
Increase (reduction)	1,398	(8)
September 30	$ 1,610	$ 143

Mortgage Servicing Rights (De_2

Mortgage Servicing Rights (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Mortgage Servicing Rights (Textual)
Unpaid principal balance of mortgage loans	$ 1,200,000		$ 1,100,000
Contractually specified servicing fees	$ 2,100	$ 2,000

Derivative Financial Instrume_3

Derivative Financial Instruments and Repurchase Agreements (Details) - Interest rate contracts [Member] - Derivatives not designated as hedging instruments [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Other Assets [Member]
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet
Asset Derivatives	$ 4,233	$ 687
Other Liabilities [Member]
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet
Liability Derivatives	$ 4,233	$ 687

Derivative Financial Instrume_4

Derivative Financial Instruments and Repurchase Agreements (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivative Financial Instruments and Repurchase Agreements (Textual)
Notional amount of customer-facing swaps	$ 77,600	$ 49,900
Cash as collateral	4,600
Mortgage-backed securities	$ 4,600	$ 13,300
Securities maturity, description	These securities have various maturity dates beyond 2022.

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	$ 9,843	$ 11,356
Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Liabilities, Fair Value, Recurring	(4,233)	(687)
Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	4,233	687
U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	12,264	18,670
Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	54,922	60,943
Level 1 [Member] | State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Liabilities, Fair Value, Recurring
Level 1 [Member] | U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 2 [Member] | State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	9,843	11,356
Level 2 [Member] | Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Liabilities, Fair Value, Recurring	(4,233)	(687)
Level 2 [Member] | Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	4,233	687
Level 2 [Member] | U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	12,264	18,670
Level 2 [Member] | Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	54,922	60,943
Level 3 [Member] | State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Liabilities, Fair Value, Recurring
Level 3 [Member] | Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Liabilities, Fair Value, Recurring
Level 3 [Member] | U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Impaired loans [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	$ 530	$ 1,027
Impaired loans [Member] | Level 1 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Impaired loans [Member] | Level 2 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Impaired loans [Member] | Level 3 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	530	1,027
Mortgage Servicing Rights [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	5,311	3,191
Mortgage Servicing Rights [Member] | Level 1 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Mortgage Servicing Rights [Member] | Level 2 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Mortgage Servicing Rights [Member] | Level 3 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	$ 5,311	$ 3,191

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Collateral-dependent impaired loans [Member] | Comparability Adjustments Percent [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 530	$ 1,027
Fair Value Measurements, Valuation Technique	Market comparable properties	Market comparable properties
Fair Value Measurements, Unobservable Inputs	Comparability adjustments (%)	Comparability adjustments (%)
Fair Value Measurements, Weighted Ave Range	16.00%
Fair Value Measurements, Range		29.00%
Mortgage servicing rights [Member] | Discount Rate [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 5,311	$ 3,191
Fair Value Measurements, Valuation Technique	Discounted cash flow	Discounted cash flow
Fair Value Measurements, Unobservable Inputs	Discount Rate	Discount Rate
Fair Value Measurements, Weighted Ave Range	9.18%
Fair Value Measurements, Range		10.30%
Mortgage servicing rights [Member] | Constant Prepayment Rate [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	Constant prepayment rate	Constant prepayment rate
Fair Value Measurements, Weighted Ave Range	11.64%
Fair Value Measurements, Range		7.02%
Mortgage servicing rights [Member] | P and I Earnings Credit [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	P&I earnings credit	P&I earnings credit
Fair Value Measurements, Weighted Ave Range	1.85%
Fair Value Measurements, Range		2.51%
Mortgage servicing rights [Member] | T and I Earnings Credit [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	T&I earnings credit	T&I earnings credit
Fair Value Measurements, Weighted Ave Range	2.11%
Fair Value Measurements, Range		3.02%
Mortgage servicing rights [Member] | Inflation for cost of servicing [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	Inflation for cost of servicing	Inflation for cost of servicing
Fair Value Measurements, Weighted Ave Range	1.50%
Fair Value Measurements, Range		1.50%
Minimum [Member] | Collateral-dependent impaired loans [Member] | Comparability Adjustments Percent [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Weighted Ave Range	10.00%
Fair Value Measurements, Range		20.00%
Maximum [Member] | Collateral-dependent impaired loans [Member] | Comparability Adjustments Percent [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Weighted Ave Range	35.00%
Fair Value Measurements, Range		35.00%

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Details 3) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Financial assets
Cash and due from banks	$ 49,824	$ 48,363	$ 45,515	$ 26,616
Loans held for sale	13,655	4,445
Loans, net of allowance for loan losses	814,875	763,716
Federal Reserve and FHLB Bank stock	4,648	4,123
Interest receivable	3,176	2,822
Financial liabilities
Deposits	847,954	802,552
Repurchase agreements	14,659	15,184
FHLB advances	16,000	16,000
Trust preferred securities	10,310	10,310
Interest payable	1,391	909
Level 1 [Member]
Financial assets
Cash and due from banks	49,824	48,363
Loans held for sale
Loans, net of allowance for loan losses
Federal Reserve and FHLB Bank stock
Interest receivable
Financial liabilities
Deposits	579,816	561,090
Repurchase agreements
FHLB advances
Trust preferred securities
Interest payable
Level 2 [Member]
Financial assets
Cash and due from banks
Loans held for sale	13,858	4,589
Loans, net of allowance for loan losses
Federal Reserve and FHLB Bank stock	4,648	4,123
Interest receivable	3,176	2,822
Financial liabilities
Deposits	268,543	238,636
Repurchase agreements	14,659	15,184
FHLB advances	16,191	15,848
Trust preferred securities	10,043	10,233
Interest payable	1,391	909
Level 3 [Member]
Financial assets
Cash and due from banks
Loans held for sale
Loans, net of allowance for loan losses	810,885	757,469
Federal Reserve and FHLB Bank stock
Interest receivable
Financial liabilities
Deposits
Repurchase agreements
FHLB advances
Trust preferred securities
Interest payable
Fair value [Member]
Financial assets
Cash and due from banks	49,824	48,363
Loans held for sale	13,858	4,589
Loans, net of allowance for loan losses	810,885	757,469
Federal Reserve and FHLB Bank stock	4,648	4,123
Interest receivable	3,176	2,822
Financial liabilities
Deposits	848,359	799,726
Repurchase agreements	14,659	15,184
FHLB advances	16,191	15,848
Trust preferred securities	10,043	10,233
Interest payable	$ 1,391	$ 909

Share Based Compensation (Detai

Share Based Compensation (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Shares
Outstanding, December 31, 2018 | shares	64,000
Granted | shares
Exercised | shares	(6,500)
Forfeited | shares
Expired | shares
Outstanding, September 30, 2019 | shares	57,500
Exercisable, September 30, 2019 | shares	57,500
Weighted Average Exercise Price
Outstanding, December 31, 2018 | $ / shares	$ 6.99
Granted | $ / shares
Exercised | $ / shares	7.11
Forfeited | $ / shares
Expired | $ / shares
Outstanding, September 30, 2019 | $ / shares	6.98
Exercisable, September 30, 2019 | $ / shares	$ 6.98
Weighted Average Remaining Term
Outstanding, September 30, 2019	4 months 17 days
Exercisable, September 30, 2019	4 months 17 days
Aggregate Intrinsic Value
Outstanding, September 30, 2019 | $	$ 560
Exercisable, September 30, 2019 | $	$ 560

Share Based Compensation (Det_2

Share Based Compensation (Details 1) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Nonvested, Shares
Nonvested, December 31, 2018 | shares	46,894
Granted | shares	27,590
Vested | shares	(25,010)
Forfeited | shares	(4,121)
Nonvested, September 30, 2019 | shares	45,353
Nonvested, Weighted-Average Value per Share
Nonvested, December 31, 2018 | $ / shares	$ 16.31
Granted | $ / shares	18.06
Vested | $ / shares	16.05
Forfeited | $ / shares	17.68
Nonvested, September 30, 2019 | $ / shares	$ 17.40

Share Based Compensation (Det_3

Share Based Compensation (Details Textual) - USD ($) $ in Thousands	Feb. 05, 2013	Apr. 30, 2017	Sep. 30, 2019
Share Based Compensation (Textual)
Shares available for grants of awards
Total intrinsic value			$ 70
Option exercised shares			6,500
Cash received from exercised options			$ 50
Restricted Stock [Member]
Share Based Compensation (Textual)
Option awards vesting period	4 years
Compensation cost charged against income			350
Total income tax benefit recognized in income statement for share-based compensation arrangements			$ 70
Weighted-average period term			2 years 6 months
Total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under plan			$ 610
2017 Stock Incentive Plan [Member]
Share Based Compensation (Textual)
Shares available for grants of awards		500,000	45,858
Stock Compensation Plan [Member]
Share Based Compensation (Textual)
SAR and common restricted stock, shares			250,000
Option awards vesting period			5 years
Option awards contractual terms			10 years

Equity Capital (Details)

Equity Capital (Details) $ / shares in Units, $ in Thousands	Feb. 09, 2018USD ($)$ / sharesshares
Equity Capital (Textual)
Shares issued and sold an aggregate | shares	1,666,666
Shares per price | $ / shares	$ 18
Gross proceeds	$ 30,000
Realized net proceeds	$ 27,900

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance, December 31, 2018	$ 16,353
Acquired goodwill	1,439
Balance, September 30, 2019	$ 17,792

Goodwill (Details Textual)

Goodwill (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Mar. 15, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Goodwill	$ 17,792		$ 16,353
SBFG Title, LLC [Member]
Related Party Transaction [Line Items]
Goodwill		$ 1,400