Farmers & Merchants Bancorp (FMAO) 10-Q 8 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	Apr. 28, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP, INC.
Entity Central Index Key	0000792966
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		13,630,122
Entity File Number	001-38084
Entity Tax Identification Number	34-1469491
Entity Address, Address Line One	307 North Defiance Street
Entity Address, City or Town	Archbold
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43502
City Area Code	419
Local Phone Number	446-2501
Entity Incorporation, State or Country Code	OH
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 62,780	$ 83,085
Federal funds sold	1,545	1,324
Total cash and cash equivalents	64,325	84,409
Interest-bearing time deposits	4,435	4,442
Securities - available-for-sale	372,975	390,789
Other securities, at cost	11,543	9,799
Loans held for sale	951	827
Loans, net	2,422,018	2,336,074
Premises and equipment	28,679	28,381
Construction in progress	1,565	278
Goodwill	86,358	86,358
Loan servicing rights	4,985	3,549
Bank owned life insurance	33,269	33,073
Other assets	38,972	37,372
Total Assets	3,070,075	3,015,351
Deposits
Noninterest-bearing	520,145	532,794
Interest-bearing
NOW accounts	800,230	750,887
Savings	590,854	627,203
Time	601,939	557,980
Total deposits	2,513,168	2,468,864
Federal funds purchased and securities sold under agreements to repurchase	30,496	54,206
Federal Home Loan Bank (FHLB) advances	164,327	127,485
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,615	34,586
Dividend payable	2,831	2,832
Accrued expenses and other liabilities	18,881	19,238
Total liabilities	2,764,318	2,717,211
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 14,564,425 shares 3/31/23 and 12/31/22	135,241	135,497
Treasury stock - 934,303 shares 3/31/23, 956,003 shares 12/31/22	(11,310)	(11,573)
Retained earnings	213,012	212,449
Accumulated other comprehensive loss	(31,186)	(38,233)
Total stockholders' equity	305,757	298,140
Total Liabilities and Stockholders' Equity	$ 3,070,075	$ 3,015,351

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement Of Financial Position [Abstract]
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	14,564,425	14,564,425
Common stock, shares outstanding	14,564,425	14,564,425
Treasury Stock, shares	934,303	956,003

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Income
Loans, including fees	$ 29,703	$ 20,455
Debt securities:
U.S. Treasury and government agencies	1,068	1,023
Municipalities	408	300
Dividends	123	42
Federal funds sold	21	10
Other	479	69
Total interest income	31,802	21,899
Interest Expense
Deposits	8,151	1,360
Federal funds purchased and securities sold under agreements to repurchase	405	152
Borrowed funds	1,280	335
Subordinated notes	284	269
Total interest expense	10,120	2,116
Net Interest Income - Before Provision for Credit Losses*	21,682	19,783
Provision for Credit Losses-Loans*	817	580
Provision for Credit Losses-Off Balance Sheet Credit Exposures	62
Net Interest Income After Provision for Credit Losses*	20,803	19,203
Noninterest Income
Net gain on sale of loans	67	697
Net loss on sale of available-for-sale securities	(891)
Total noninterest income	4,177	4,343
Noninterest Expense
Salaries and wages	6,657	5,502
Employee benefits	2,165	2,054
Net occupancy expense	856	598
Furniture and equipment	1,252	1,056
Data processing	726	604
Franchise taxes	366	418
ATM expense	623	532
Advertising	514	237
Net loss on sale of other assets owned		(5)
FDIC assessment	306	114
Mortgage servicing rights amortization - net	159	26
Consulting fees	230	178
Other general and administrative	3,077	2,179
Total noninterest expense	16,931	13,493
Income Before Income Taxes	8,049	10,053
Income Taxes	1,583	1,951
Net Income	$ 6,466	$ 8,102
Basic Earnings Per Share	$ 0.47	$ 0.62
Diluted Earnings Per Share	0.47	0.62
Dividends Declared	$ 0.21	$ 0.19
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 2,447	$ 2,648
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 2,554	$ 998

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 6,466	$ 8,102
Other Comprehensive Income (Loss) (Net of Tax):
Net unrealized gain (loss) on available-for-sale securities	8,030	(20,939)
Reclassification adjustment for realized loss on sale of available-for-sale securities	891
Net unrealized gain (loss) on available-for-sale securities	8,921	(20,939)
Tax expense (benefit)	1,874	(4,397)
Other comprehensive income (loss)	7,047	(16,542)
Comprehensive Income (Loss)	$ 13,513	$ 8,440

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes to Stockholder's Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect Period of Adoption Adjustment	Cumulative Effect Period of Adoption Adjusted Balance	Common Stock [Member]	Common Stock [Member] Cumulative Effect Period of Adoption Adjusted Balance	Treasury Stock [Member]	Treasury Stock [Member] Cumulative Effect Period of Adoption Adjusted Balance	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect Period of Adoption Adjustment	Retained Earnings [Member] Cumulative Effect Period of Adoption Adjusted Balance	Accumulated Other Comprehensive (Loss) [Member]	Accumulated Other Comprehensive (Loss) [Member] Cumulative Effect Period of Adoption Adjusted Balance
Beginning balance at Dec. 31, 2021	$ 297,167			$ 122,674		$ (11,724)		$ 189,401			$ (3,184)
Beginning balance, shares at Dec. 31, 2021				13,066,233
Net income	8,102							8,102
Other comprehensive income (loss)	(16,542)										(16,542)
Issuance of restricted stock (Net of forfeitures)				$ (1)		(15)		16
Issuance of restricted stock (Net of forfeitures), Shares				(150)
Stock-based compensation expense	213			$ 213
Cash dividends declared	(2,462)							(2,462)
Ending balance at Mar. 31, 2022	286,478			$ 122,886		(11,739)		195,057			(19,726)
Ending balance, shares at Mar. 31, 2022				13,066,083
Beginning balance at Dec. 31, 2022	298,140		$ 294,769	$ 135,497	$ 135,497	(11,573)	$ (11,573)	212,449		$ 209,078	(38,233)	$ (38,233)
Beginning balance (ASU 2016-13 [Member]) at Dec. 31, 2022		$ (3,371)							$ (3,371)
Beginning balance, shares at Dec. 31, 2022				13,608,422	13,608,422
Net income	6,466							6,466
Other comprehensive income (loss)	7,047										7,047
Issuance of restricted stock (Net of forfeitures)				$ (562)		263		299
Issuance of restricted stock (Net of forfeitures), Shares				21,700
Stock-based compensation expense	306			$ 306
Cash dividends declared	(2,831)							(2,831)
Ending balance at Mar. 31, 2023	$ 305,757			$ 135,241		$ (11,310)		$ 213,012			$ (31,186)
Ending balance, shares at Mar. 31, 2023				13,630,122

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes to Stockholder's Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash dividends declared, per share	$ 0.21	$ 0.19
Common Stock [Member]
Issuance of shares of restricted stock, Shares	21,700	500
Issuance of shares of restricted stock, forfeitures		650

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash Flows from Operating Activities
Net income	$ 6,466	$ 8,102
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	834	709
Amortization of premiums on available-for-sale securities, net	397	578
Capitalized additions to servicing rights	(1,595)	(205)
Servicing rights amortization and impairment	159	26
Amortization of core deposit intangible	414	199
Amortization of customer list intangible	31	31
Net accretion of fair value adjustments	(1,133)	(1,015)
Amortization of subordinated note issuance costs	29	28
Stock-based compensation expense	306	213
Provision for credit losses-Loans	817	580	$ 4,600
Provision for credit losses-Off balance sheet credit exposures	62
Gain on sale of loans held for sale	(67)	(697)
Originations of loans held for sale	(6,534)	(26,161)
Proceeds from sale of loans held for sale	6,477	28,512
Gain on sale of other assets owned		(5)
Loss on sales of securities available-for-sale	891
Increase in cash surrender value of bank owned life insurance	(196)	(157)
Change in other assets and other liabilities, net	(4,283)	(2,841)
Net cash provided by operating activities	3,075	7,897
Activity in available-for-sale securities:
Maturities, prepayments and calls	3,483	13,762
Sales	21,963
Purchases		(19,344)
Activity in other securities, at cost:
Sales	399
Purchases	(2,143)	(406)
Change in interest-bearing time deposits	7	2,236
Proceeds from sale of other assets owned		164
Additions to premises and equipment	(2,431)	(448)
Loan originations and principal collections, net	(89,520)	(104,478)
Net cash used in investing activities	(68,242)	(108,514)
Cash Flows from Financing Activities
Net change in deposits	44,764	60,754
Net change in federal funds purchased and securities sold under agreements to repurchase	(23,710)	2,412
Proceeds from FHLB advances	129,000
Repayment of FHLB advances	(92,140)	(1,388)
Repayment of other borrowings	(10,000)
Cash dividends paid on common stock	(2,831)	(2,462)
Net cash provided by financing activities	45,083	59,316
Net Decrease in Cash and Cash Equivalents	(20,084)	(41,301)
Cash and Cash Equivalents - Beginning of year	84,409	180,823	180,823
Cash and Cash Equivalents - End of period	64,325	139,522	$ 84,409
Supplemental cash flow information:
Interest paid	9,272	3,057
Income taxes paid	44
Supplemental noncash disclosures:
Cash dividends declared not paid	$ 2,831	$ 2,462

Basis of Presentation and Other

Basis of Presentation and Other	3 Months Ended
	Mar. 31, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Other	NOTE 1 BASIS OF PRESENTAT ION AND OTHER 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 10Q and Rule 10-01 of Regulation S-X; accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2023 are not necessarily indicative of the results that are expected for the year ended December 31, 2023. The Condensed Consolidated Balance Sheets of the Company as of December 31, 2022, has been derived from the audited Condensed Consolidated Balance Sheets of the Company as of that date. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. The Company’s principal source of revenue is interest income from loans and investment securities. The Company also earns noninterest income from various banking and financial services offered primarily through Farmers & Merchants State Bank. Interest income is primarily recognized on an accrual basis according to nondiscretionary formulas written in contracts, such as loan agreements or investment security contracts. The Company also earns noninterest income from various banking and financial services provided to business and consumer clients such as deposit account, debit card, and mortgage banking services. Revenue is recorded for noninterest income based on the contractual terms for the service or transaction performed.

Business Combination and Asset

Business Combination and Asset Purchase	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Business Combination and Asset Purchase	NOTE 2 BUSINESS COMBINATION AND ASSET PURCHASE On October 1, 2022, the Company acquired Peoples-Sidney Financial Corporation (PPSF), the bank holding company for Peoples Federal Savings and Loan Association, a community bank with three full-service offices in Sidney, Anna and Jackson Center, Ohio in addition to a separate drive-thru location in Sidney, Ohio. PPSF shareholders had the opportunity to elect to receive either 0.6597 shares of FMAO stock or $ 24.00 per share in cash for each PPSF share owned, subject to a requirement under the Merger Agreement that the minimum number of PPSF shares exchanged for Farmers & Merchants Bancorp, Inc. (FMAO) shares in the merger was no less than 758,566 . Fractional shares of FMAO common stock were not issued in respect of fractional interests arising from the merger but were paid in cash pursuant to the merger agreement. PPSF had 1,167,025 shares outstanding on October 1, 2022. The share price of FMAO stock on October 1, 2022 was $ 26.87 . Total consideration for the acquisition was approximately $ 23.2 million of which $ 9.8 million was in cash and $ 13.4 million in stock. As a result of the acquisition, the Company will have an opportunity to increase its deposit base in Sidney and the greater Shelby County and reduce transaction costs. The Company also expects to reduce costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $ 23.2 million, $ 6.0 million has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $ 5.9 million, resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Peoples Federal Savings and Loan Association. Of that total amount, none of the purchase price is deductible for tax purposes. The following table summarizes the consideration paid for Peoples Federal Savings and Loan Association and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 9,806 Common Shares 13,446 Treasury stock repurchased ( 125 shares) ( 3 ) Total $ 23,249 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 18,881 Other securities, at cost 1,271 Loans, net 101,755 Premises and equipment 1,906 Goodwill 5,924 Other assets 12,081 Total Assets Purchased $ 141,818 Liabilities Deposits Noninterest bearing $ 7,139 Interest bearing 104,719 Total deposits 111,858 Federal Home Loan Bank (FHLB) advances 896 Accrued expenses and other liabilities 5,815 Total Liabilities Assumed $ 118,569 The fair value of the assets acquired includes loans with a fair value of $ 101.8 million. The gross principal and contractual interest due under the contracts is $ 116.1 million of which none is expected to be uncollectible. The loans have a weighted average life of 44.4 months. 581 thousand with $ 597 thousand attributable to the buildings and is being amortized over the remaining life of each building. The combined average remaining life was 12.8 years. 662 thousand which is being amortized over 1.1 years. The fair value of Federal Home Loan Bank (FHLB) advances included a valuation amount of $ 69 thousand which is being amortized over 5.2 years. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended (In Thousands) Beginning Balance $ 798 Additions 1 Accretion ( 58 ) Reclassification from nonaccretable difference - Disposals - Ending Balance $ 741 On October 1, 2021, the Company acquired Perpetual Federal Savings Bank, (PFSB), a community bank with one full-service office in Urbana, Ohio. Shareholders of PFSB elected to receive either 1.7766 shares of FMAO stock or $ 41.20 per share in cash for each PFSB share owned, subject to adjustment based upon 1,833,999 shares of FMAO to be issued in the merger. PFSB had 2,470,032 shares outstanding on October 1, 2021. The share price of Farmers & Merchants Bancorp, Inc. (FMAO) stock on October 1, 2021 was $ 22.40 . Total consideration for the acquisition was approximately $ 100.3 million consisting of $ 59.2 million in cash and $ 41.1 million in stock. As a result of the acquisition, the Company has had an opportunity to increase its deposit base and reduce transaction costs. The Company has reduced costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $ 100.3 million, $ 668 thousand has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $ 25.2 million, resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Perpetual Federal Savings Bank. Of that total amount, none of the purchase price is deductible for tax purposes. The following table summarizes the consideration paid for Perpetual Federal Savings Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 59,234 Common Shares 41,078 Total $ 100,312 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 44,975 Federal funds sold 1,672 Interest-bearing time deposits 6,250 Other securities, at cost 2,794 Loans, net 334,661 Premises and equipment 615 Goodwill 25,220 Other assets 3,975 Total Assets Purchased $ 420,162 Liabilities Deposits Noninterest bearing $ 2,018 Interest bearing 309,090 Total deposits 311,108 Federal Home Loan Bank (FHLB) advances 6,218 Accrued expenses and other liabilities 2,524 Total Liabilities Assumed $ 319,850 The fair value of the assets acquired includes loans with a fair value of $ 334.7 million. The gross principal and contractual interest due under the contracts is $ 403.3 million, of which $ 5.6 million is expected to be uncollectible. The loans have a weighted average life of 52 months. The fair value of building and land included in premises and equipment was written down by $ 4 thousand with $ 297 thousand attributable to the buildings and is being amortized over the useful life of 16.2 years. The fair value for certificates of deposit incorporates a valuation amount of $ 3.9 million which is being accreted over 1.6 years. The fair value of Federal Home Loan Bank (FHLB) advances included a valuation amount of $ 218 thousand which is being accreted over 2.6 years. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended (In Thousands) (In Thousands) Beginning Balance $ 4,236 $ 5,262 Additions 14 64 Accretion ( 344 ) ( 322 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 3,906 $ 5,004 On April 30, 2021, the Company acquired Ossian Financial Services, Inc., (OFSI), the bank holding company for Ossian State Bank, a community bank based in Ossian, Indiana. Ossian State Bank operated two full-service offices in the northeast Indiana communities of Ossian and Bluffton. Shareholders of OFSI received $ 67.71 in cash for each share. OFSI had 295,388 shares outstanding on April 30, 2021. Total consideration for the acquisition was approximately $ 20.0 million in cash. As a result of the acquisition, the Company has increased its deposit base and is working to reduce transaction costs. The Company has reduced costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $ 20.0 million, $ 980.2 thousand has been allocated to core deposit intangible included in other assets and will be amortized over seven years on a straight line basis. Goodwill of $ 7.9 million which resulted from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Ossian State Bank and is deductible for tax purposes over 15 years. The following table summarizes the consideration paid for Ossian State Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 20,001 Total $ 20,001 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 20,229 Interest-bearing time deposits 20,226 Securities - available-for-sale 30,243 Other securities, at cost 281 Loans, net 52,403 Premises and equipment 494 Goodwill 7,874 Other assets 5,308 Total Assets Purchased $ 137,058 Liabilities Deposits Noninterest bearing $ 34,509 Interest bearing 81,535 Total deposits 116,044 Accrued expenses and other liabilities 1,013 Total Liabilities Assumed $ 117,057 The fair value of the assets acquired includes loans with a fair value of $ 52.4 million. The gross principal and contractual interest due under the contracts is $ 63.7 million, of which $ 1.1 million is expected to be uncollectible. The loans have a weighted average life of 52 months. The fair value of building and land included in premises and equipment was written down by $ 596 thousand with $ 244 thousand attributable to buildings and will be accreted over the useful life of 39 years, The fair value for certificates of deposit incorporates a valuation amount of $ 59 thousand which will be accreted over 1.4 years. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended (In Thousands) (In Thousands) Beginning Balance $ 470 $ 645 Additions - - Accretion ( 44 ) ( 44 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 426 $ 601 The results of operations of Ossian State Bank, Perpetual Federal Savings Bank and Peoples Federal Savings and Loan Bank have been included in the Company’s consolidated financial statements since the acquisition dates of April 30, 2021, October 1, 2021 and October 1, 2022, respectively. The following schedule includes pro-forma results for the three months ended March 31, 2023 and 2022 as if the Peoples Federal Savings and Loan Bank acquisition had occurred as of the beginning of the comparable prior reporting period. The acquisitions of Ossian State Bank and Perpetual Federal Savings Bank are already included as they had occurred prior to that period. (in thousands of dollars, except per share data) Three Months Ended March 31, 2023 March 31, 2022 Summary of Operations Net Interest Income - Before Provision for Credit Losses $ 21,682 $ 20,966 Provision for Credit Losses 817 493 Net Interest Income After Provision for Credit Losses 20,865 20,473 Noninterest Income 4,177 4,483 Noninterest Expense 16,897 14,495 Income Before Income Taxes 8,145 10,461 Income Taxes 1,602 2,022 Net Income $ 6,543 $ 8,439 Basic and Diluted Earnings Per Share $ 0.48 $ 0.62 The pro-forma information includes adjustments for interest income on loans, amortization of intangibles arising from the transactions, interest expense on deposits acquired, premises expense for the branches acquired and the related income tax effects. The pro-forma information for the three months ended March 31, 2023 includes approximately $ 366 thousand, net of tax, of operating revenue from Peoples Federal Savings and Loan Bank since January 1, 2023. The pro-forma financial information is presented for informational purposes only and is not indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time, nor is it intended to be a projection of future results. On January 1, 2019, the Company acquired Limberlost Bancshares, Inc. (“Limberlost”), the bank holding company for Bank of Geneva, a community bank based in Geneva, Indiana. Bank of Geneva operated six full-service offices in the northeast Indiana communities of Geneva, Berne, Decatur, Monroe, Portland and Monroeville. Shareholders of Limberlost received 1,830 shares of FMAO common stock and $ 8,465.00 in cash for each share. Limberlost had 1,000 shares outstanding on January 1, 2019. The share price of Farmers & Merchants Bancorp, Inc. (FMAO) stock on January 1, 2019 was $ 38.49 . Total consideration for the acquisition was approximately $ 78.9 million consisting of $ 8.5 million in cash and $ 70.4 million in stock. As a result of the acquisition, the Company has had an opportunity to increase its deposit base and reduce transaction costs. The Company has also reduced costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $ 78.9 million, $ 3.9 million has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $ 43.3 million resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Bank of Geneva. Of that total amount, none of the purchase price is deductible for tax purposes. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended (In Thousands) (In Thousands) Beginning Balance $ 785 $ 1,198 Additions 3 5 Accretion ( 107 ) ( 106 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 681 $ 1,097 As mentioned previously, the acquisition of Bank of Geneva resulted in the recognition of $ 3.9 million in core deposit intangible assets, the acquisition of Ossian State Bank resulted in the recognition of $ 980.2 thousand in core deposit intangible assets, the acquisition of Perpetual Federal Savings Bank resulted in the recognition of $ 668.0 thousand in core deposit intangible assets and the acquisition of Peoples Federal Savings and Loan resulted in the recognition of $ 6.0 million in core deposit intangible assets which are all being amortized over its remaining economic useful life of 7 years on a straight line basis. Core deposit intangible is included in other assets on the Condensed Consolidated Balance Sheets. The amortization expense of the core deposit intangible for the three months ended March 31, 2022 was $ 199 thousand. Of the approximately $ 1.7 million to be expensed in 2023 , $ 414 thousand has been expensed for the three months ended March 31, 2023 . Annual amortization of core deposit intangible assets is as follows: (In Thousands) Geneva Ossian Perpetual Peoples Total 2023 $ 560 $ 140 $ 95 $ 861 $ 1,656 2024 560 140 95 861 1,656 2025 560 140 95 861 1,656 2026 - 140 95 861 1,096 2027 - 140 95 861 1,096 Thereafter - 47 74 1,506 1,627 $ 1,680 $ 747 $ 549 $ 5,811 8,787 On November 16, 2020, FM Investment Services, a division of the Bank, purchased the assets and clients of Adams County Financial Resources (ACFR), a full-service registered investment advisory firm located in Geneva, Indiana. ACFR was founded in 1994 by R. Lee Flueckiger and provides clients and their families with financial confidence through personalized investment planning and services. As of November 30, 2020, ACFR had approximately $ 83 million of assets under management and over 450 clients. Total consideration for the purchase was $ 825 thousand which consisted of 40,049 shares of stock. Under the acquisition method of accounting, the total purchase is allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $ 825 thousand, $ 800 thousand has been allocated to customer list intangible, included in other assets, to be amortized over 6.5 years on a straight line basis. The amortization expense of the customer list intangible for the three months ended March 31, 2022 was $ 31 thousand. Of the $ 123 thousand to be expensed in 2023 , $ 31 thousand has been expensed for the three months ended March 31, 2023 . Annual amortization expense of customer list intangible is as follows: (In Thousands) Adams County Financial Resources 2023 $ 123 2024 123 2025 123 2026 123 2027 47 Thereafter - $ 539

Securities

Securities	3 Months Ended
	Mar. 31, 2023
Investments Debt And Equity Securities [Abstract]
Securities	NOTE 3 SECURITIES Mortgage-backed securities, as shown in the following tables, are all government sponsored enterprises. The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2023 and December 31, 2022, are as follows: (In Thousands) March 31, 2023 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 95,215 $ - $ ( 7,703 ) $ 87,512 U.S. Government agencies 144,105 - ( 13,997 ) 130,108 Mortgage-backed securities 98,348 - ( 12,028 ) 86,320 State and local governments 74,783 120 ( 5,868 ) 69,035 Total available-for-sale securities $ 412,451 $ 120 $ ( 39,596 ) $ 372,975 (In Thousands) December 31, 2022 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 104,507 $ - $ ( 9,829 ) $ 94,678 U.S. Government agencies 156,817 - ( 17,050 ) 139,767 Mortgage-backed securities 101,068 - ( 14,141 ) 86,927 State and local governments 76,794 69 ( 7,446 ) 69,417 Total available-for-sale securities $ 439,186 $ 69 $ ( 48,466 ) $ 390,789 Investment securities will at times depreciate to an unrealized loss position. The Company utilizes the following criteria to assess whether impairment is other than temporary. No one item by itself will necessarily signal that a security should be recognized as an other than temporary impairment. 1. The fair value of the security has significantly declined from book value. 2. A downgrade has occurred that lowered the credit rating to below investment grade (below Baa3 by Moody and BBB – by Standard and Poors.) 3. Dividends have been reduced or eliminated or scheduled interest payments have not been made. 4. The underwater security has longer than 10 years to maturity and the loss position had existed for more than 3 years. 5. Management does not possess both the intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. If the impairment is judged to be other than temporary, the present value of the cash flows expected to be collected is compared to the amortized cost basis. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded, limited by the amount that the fair value is less than the amortized cost basis. Adjustments to the allowance are recorded in the consolidated income statement as a component of the provision for credit losses. The table below is presented by category of security and length of time in a continuous loss position. The Company currently does not hold any securities with other than temporary impairment and thus did not recognize an allowance for credit losses. Information pertaining to securities with gross unrealized losses at March 31, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) March 31, 2023 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ ( 19 ) $ 727 $ ( 7,684 ) $ 86,785 $ ( 7,703 ) $ 87,512 U.S. Government agencies ( 48 ) 1,952 ( 13,949 ) 128,156 ( 13,997 ) 130,108 Mortgage-backed securities ( 28 ) 3,099 ( 12,000 ) 83,221 ( 12,028 ) 86,320 State and local governments ( 248 ) 10,000 ( 5,620 ) 53,332 ( 5,868 ) 63,332 Total available-for-sale securities $ ( 343 ) $ 15,778 $ ( 39,253 ) $ 351,494 $ ( 39,596 ) $ 367,272 (In Thousands) December 31, 2022 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ ( 207 ) $ 9,121 $ ( 9,622 ) $ 85,557 $ ( 9,829 ) $ 94,678 U.S. Government agencies ( 1,081 ) 24,560 ( 15,969 ) 114,906 ( 17,050 ) 139,466 Mortgage-backed securities ( 2,454 ) 26,905 ( 11,687 ) 60,022 ( 14,141 ) 86,927 State and local governments ( 3,223 ) 38,771 ( 4,223 ) 25,610 ( 7,446 ) 64,381 Total available-for-sale securities $ ( 6,965 ) $ 99,357 $ ( 41,501 ) $ 286,095 $ ( 48,466 ) $ 385,452 Unrealized losses on securities have not been recognized into income because the issuers’ bonds are of high credit quality, values have only been impacted by changes in interest rates since the securities were purchased, and the Company has the intent and ability to hold the securities for the foreseeable future. The fair value is expected to recover as the bonds approach the maturity date. Below are the gross realized gains and losses for the three months ended March 31, 2023 and March 31, 2022. Three Months (In Thousands) 2023 2022 Gross realized gains $ 12 $ - Gross realized losses ( 903 ) - Net realized losses $ ( 891 ) $ - Tax benefit related to net realized losses $ ( 187 ) $ - The net realized losses on sales and related tax benefit is a reclassification out of accumulated other comprehensive income (loss). The net realized losses are included in net loss on sale of available-for-sale securities and the related tax benefit is included in income taxes in the condensed consolidated statements of income and comprehensive income (loss). The amortized cost and fair value of debt securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value One year or less $ 18,764 $ 18,352 After one year through five years 211,418 193,248 After five years through ten years 79,611 70,746 After ten years 4,310 4,309 Total $ 314,103 $ 286,655 Mortgage-backed securities 98,348 86,320 Total $ 412,451 $ 372,975 Investments with a carrying value of $ 164.0 million and $ 134.8 million at March 31, 2023 and December 31, 2022, respectively, were pledged to secure public deposits and securities sold under repurchase agreements. Other securities include Federal Home Loan Bank of Cincinnati and Indianapolis stock in the amount of $ 9.8 million as of March 31, 2023 and $ 8.1 million as of December 31, 2022 . Other securities also includes Ohio Equity Fund for Housing Limited Partnership funding of $ 1.7 million out of a total of $ 4.0 million committed as of both March 31, 2023 and December 31, 2022.

Loans

Loans	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans	NOTE 4 LOANS Loan balances as of March 31, 2023 and December 31, 2022 are summarized below: (In Thousands) Loans: March 31, 2023 December 31, 2022 Consumer Real Estate $ 502,974 $ 494,423 Agricultural Real Estate 227,897 220,819 Agricultural 131,467 128,733 Commercial Real Estate 1,225,315 1,152,603 Commercial and Industrial 241,598 242,360 Consumer 89,588 89,147 Other 29,316 29,818 2,448,155 2,357,903 Less: Net deferred loan fees and costs ( 1,503 ) ( 1,516 ) 2,446,652 2,356,387 Less: Allowance for credit losses ( 24,634 ) ( 20,313 ) Loans - Net $ 2,422,018 $ 2,336,074 Other loans primarily fund public improvements in the Bank’s service area. The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2023 and December 31, 2022 : (In Thousands) March 31, 2023 December 31, 2022 Fixed Variable Fixed Variable Consumer Real Estate $ 350,541 $ 152,433 $ 354,420 $ 140,003 Agricultural Real Estate 144,890 83,007 144,702 76,117 Agricultural 52,394 79,073 52,867 75,866 Commercial Real Estate 970,161 255,154 941,927 210,676 Commercial and Industrial 136,702 104,896 130,513 111,847 Consumer 89,520 68 88,972 175 Other 19,620 9,696 20,029 9,789 As of March 31, 2023 and December 31, 2022 one to four family residential mortgage loans amounting to $ 214.2 million and $ 222.5 million, respectively, have been pledged as security for future loans and existing loans the Bank has received from the Federal Home Loan Bank. Unless listed separately, Other loans are included in the Commercial and Industrial category for the remainder of the tables in this Note 4. The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2023 and December 31, 2022, net of deferred loan fees and costs: March 31, 2023 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 850 $ - $ 111 $ 961 $ 502,007 $ 502,968 $ - Agricultural Real Estate 231 283 1,511 2,025 225,574 227,599 - Agricultural - - - - 131,677 131,677 - Commercial Real Estate 8,383 - 267 8,650 1,214,513 1,223,163 - Commercial and Industrial - 346 854 1,200 269,657 270,857 - Consumer 73 25 19 117 90,271 90,388 - Total $ 9,537 $ 654 $ 2,762 $ 12,953 $ 2,433,699 $ 2,446,652 $ - December 31, 2022 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > Consumer Real Estate $ 1,536 $ 635 $ 90 $ 2,261 $ 492,162 $ 494,423 $ - Agricultural Real Estate 118 2 1,550 1,670 218,844 220,514 - Agricultural 433 - 152 585 128,341 128,926 - Commercial Real Estate 74 - 180 254 1,150,257 1,150,511 - Commercial and Industrial 953 - 182 1,135 270,984 272,119 - Consumer 83 37 - 120 89,774 89,894 - Total $ 3,197 $ 674 $ 2,154 $ 6,025 $ 2,350,362 $ 2,356,387 $ - The following tables present the amortized cost of nonaccrual loans by class of loans as of March 31, 2023 and the recorded investment of nonaccrual loans by class of loans as of December 31, 2022: (In Thousands) Nonaccrual Loans Past With No Due Over Allowance 89 Days for Credit Loss Nonaccrual Still Accruing Consumer Real Estate $ 912 $ 912 $ - Agricultural Real Estate 5,503 5,503 - Agricultural 61 61 - Commercial Real Estate 268 268 - Commercial & Industrial 111 948 - Consumer 21 21 - Total $ 6,876 $ 7,713 $ - (In Thousands) December 31, Consumer Real Estate $ 612 Agricultural Real Estate 1,921 Agricultural 152 Commercial Real Estate 903 Commercial & Industrial 1,096 Consumer 5 Total $ 4,689 The Company recognized $ 61 thousand of interest income on nonaccrual loans for the quarter ending March 31, 2023. Following are the characteristics and underwriting criteria for each major type of loan the Bank offers: Consumer Real Estate: Purchase, refinance, or equity financing of one to four family owner occupied dwelling. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others. Agricultural Real Estate: Purchase of farm real estate or for permanent improvements to the farm real estate. Cash flow from the farm operation is the repayment source and is therefore subject to the financial success of the farm operation. Agricultural: Loans for the production and housing of crops, fruits, vegetables, and livestock or to fund the purchase or re-finance of capital assets such as machinery and equipment and livestock. The production of crops and livestock is especially vulnerable to commodity prices and weather. The vulnerability to commodity prices is offset by the farmer’s ability to hedge their position by the use of various pricing mechanisms. The risk related to weather is often mitigated by crop insurance. Commercial Real Estate: Construction, purchase, and refinance of business purpose real estate. Risks include potential construction delays and overruns, vacancies, collateral value subject to market value fluctuations, interest rate, market demands, borrower’s ability to repay in orderly fashion, and others. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer’s ability to repay in a changing rate environment before granting loan approval. Commercial and Industrial: Loans to proprietorships, partnerships, limited liability companies or corporations to provide temporary working capital and seasonal loans as well as long term loans for capital asset acquisition. Risks include adequacy of cash flow, reasonableness of projections, financial leverage, economic trends, management ability and estimated capital expenditures during the fiscal year. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer's ability to repay in a changing rate environment before granting loan approval. Consumer: Funding for individual and family purposes. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others. Other: Primarily funds public improvements in the Bank’s service area. Repayment ability is based on the continuance of the taxation revenue as the source of repayment. The Bank uses a nine tier risk rating system to grade its loans. The grade of a loan may change during the life of the loan. The risk ratings are described as follows. 1. Zero (0) Unclassified. Any loan which has not been assigned a classification. 2. One (1) Excellent. Credit to premier customers having the highest credit rating based on an extremely strong financial condition, which compares favorably with industry standards (upper quartile of RMA ratios). Financial statements indicate a sound earnings and financial ratio trend for several years with satisfactory profit margins and excellent liquidity exhibited. Prime credits may also be borrowers with loans fully secured by highly liquid collateral such as traded stocks, bonds, certificates of deposit, savings account, etc. No credit or collateral exceptions exist, and the loan adheres to The Bank's loan policy in every respect. Financing alternatives would be readily available and would qualify for unsecured credit. This rate is summarized by high liquidity, minimum risk, strong ratios, and low handling costs. 3. Two (2) Good. Desirable loans of somewhat less stature than rate 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets and a history of profitability. Probability of serious financial deterioration is unlikely. Possessing a sound repayment source (and a secondary source), which would allow repayment in a reasonable period of time. Individual loans backed by liquid personal assets, established history and unquestionable character. 4. Three (3) Satisfactory. Satisfactory loans of average or slightly above average risk – having some deficiency or vulnerability to changing economic conditions, but still fully collectible. Projects should normally demonstrate acceptable debt service coverage. There may be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment. Loans may be rated 3 when there is no recent information on which to base a current risk evaluation and the following conditions apply: At inception, the loan was properly underwritten and did not possess an unwarranted level of credit risk; a. At inception, the loan was secured with collateral possessing a loan-to-value adequate to protect The Bank from loss; b. The loan exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance; c. During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the business is in an industry which is known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk rating is warranted. 5. Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk rating may be established for a loan considered satisfactory but which is of average credit risk due to financial weakness or uncertainty. The loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in Satisfactory/Monitored classification is considered acceptable and within normal underwriting guidelines, so long as the loan is given management supervision. 6. Five (5) Special Mention. Loans that possess some credit deficiency or potential weakness which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. The key distinctions of a 5 (Special Mention) classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential” versus “defined” impairments to the primary source of loan repayment and collateral. 7. Six (6) Substandard. One or more of the following characteristics may be exhibited in loans classified substandard: a. Loans which possess a defined credit weakness and the likelihood that a loan will be paid from the primary source are uncertain. Financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss. b. Loans are inadequately protected by the current net worth and paying capacity of the borrower. c. The primary source of repayment is weakened, and The Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees. d. Loans are characterized by the distinct possibility that The Bank will sustain some loss if deficiencies are not corrected. e. Unusual courses of action are needed to maintain a high probability of repayment. f. The borrower is not generating enough cash flow to repay loan principal; however, continues to make interest payments. g. The lender is forced into a subordinate position or unsecured collateral position due to flaws in documentation. h. Loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms. i. The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan. j. There is significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions. 8. Seven (7) Doubtful. One or more of the following characteristics may be exhibited in loans classified Doubtful: a. Loans have all of the weaknesses of those classified as Substandard. Additionally, however, these weaknesses make collection or liquidation in full based on existing conditions improbable. b. The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. c. The possibility of loss is high, but, because of certain important pending factors which may strengthen the loan, loss classification is deferred until its exact status is known. A Doubtful classification is established deferring the realization of the loss. 9. Eight (8) Loss. Loans are considered uncollectable and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of December 31, 2022: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2022 1-2 $ 9,912 $ 5,857 $ 8,718 $ 780 $ - 3 47,405 33,671 370,035 67,506 10,921 4 146,143 88,992 737,745 167,291 18,897 5 10,389 228 9,751 3,592 - 6 6,665 178 24,262 3,132 - 7 - - - - - 8 - - - - - Total $ 220,514 $ 128,926 $ 1,150,511 $ 242,301 $ 29,818 For consumer residential real estate, and other, the Company also evaluates credit quality based on the aging status of the loan, as was previously stated, and by payment activity. The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of December 31, 2022. (In Thousands) Consumer Real Estate December 31, Grade Pass (1-4) $ 492,575 Special Mention (5) 676 Substandard (6) 1,172 Doubtful (7) - Total $ 494,423 (In Thousands) Consumer December 31, Performing $ 89,853 Nonperforming 41 Total $ 89,894 The following table reflects loan balances as of March 31, 2023 based on year of origination: (In Thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Term Amortized Grand 2023 2022 2021 2020 Prior Total Cost Basis Total March 31, 2023 Consumer Real Estate Risk Rating Pass (1-4) $ 23,642 $ 103,775 $ 98,956 $ 88,874 $ 140,856 $ 456,103 $ 45,103 $ 501,206 Special Mention (5) - - - - 559 559 - 559 Substandard (6) - - 407 - 778 1,185 18 1,203 Doubtful (7) - - - - - - - - Total Consumer Real Estate $ 23,642 $ 103,775 $ 99,363 $ 88,874 $ 142,193 $ 457,847 $ 45,121 $ 502,968 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Real Estate Risk Rating Pass (1-4) $ 12,810 $ 40,851 $ 38,036 $ 27,066 $ 91,794 $ 210,557 $ 97 $ 210,654 Special Mention (5) - - 686 346 6,947 7,979 - 7,979 Substandard (6) - 250 1,510 189 7,017 8,966 - 8,966 Doubtful (7) - - - - - - - - Total Agricultural Real Estate $ 12,810 $ 41,101 $ 40,232 $ 27,601 $ 105,758 $ 227,502 $ 97 $ 227,599 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Risk Rating Pass (1-4) $ 11,106 $ 28,922 $ 12,985 $ 5,433 $ 7,226 $ 65,672 $ 65,920 $ 131,592 Special Mention (5) - - - - - - 1 1 Substandard (6) - - - 84 - 84 - 84 Doubtful (7) - - - - - - - - Total Agricultural $ 11,106 $ 28,922 $ 12,985 $ 5,517 $ 7,226 $ 65,756 $ 65,921 $ 131,677 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - (In Thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Term Amortized Grand 2023 2022 2021 2020 Prior Total Cost Basis Total March 31, 2023 Commercial Real Estate Risk Rating Pass (1-4) $ 89,943 $ 440,142 $ 262,208 $ 131,449 $ 265,358 $ 1,189,100 $ - $ 1,189,100 Special Mention (5) - - - 10,697 1,292 11,989 - 11,989 Substandard (6) 98 613 - 75 21,288 22,074 - 22,074 Doubtful (7) - - - - - - - - Total Commercial Real Estate $ 90,041 $ 440,755 $ 262,208 $ 142,221 $ 287,938 $ 1,223,163 $ - $ 1,223,163 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial & Industrial Risk Rating Pass (1-4) $ 17,561 $ 63,073 $ 33,720 $ 29,328 $ 6,634 $ 150,316 $ 85,496 $ 235,812 Special Mention (5) 200 - 221 159 481 1,061 195 1,256 Substandard (6) - 493 695 944 378 2,510 1,956 4,466 Doubtful (7) - - - - - - - - Total Commercial & Industrial $ 17,761 $ 63,566 $ 34,636 $ 30,431 $ 7,493 $ 153,887 $ 87,647 $ 241,534 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Other Risk Rating Pass (1-4) $ - $ 200 $ 17,526 $ 6,341 $ 5,256 $ 29,323 $ - $ 29,323 Special Mention (5) - - - - - - - - Substandard (6) - - - - - - - - Doubtful (7) - - - - - - - - Total Consumer $ - $ 200 $ 17,526 $ 6,341 $ 5,256 $ 29,323 $ - $ 29,323 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - The following table presents payment performance as of March 31, 2023 by year of origination: (In Thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Term Amortized Grand 2023 2022 2021 2020 Prior Total Cost Basis Total March 31, 2023 Consumer Payment Performance Performing $ 8,901 $ 53,708 $ 15,151 $ 7,780 $ 4,776 $ 90,316 $ 51 $ 90,367 Nonperforming - - 19 - 2 21 - 21 Total Consumer $ 8,901 $ 53,708 $ 15,170 $ 7,780 $ 4,778 $ 90,337 $ 51 $ 90,388 Gross charge-offs $ 73 $ 13 $ 7 $ 29 $ - $ 122 $ - $ 122 The following table presents collateral-dependent loans grouped by collateral as of March 31, 2023: (In Thousands) Real Estate Consumer Real Estate $ - Agricultural Real Estate - Agricultural - Commercial Real Estate - Commercial & Industrial 9 Consumer - Total $ 9 Information about impaired loans as of December 31, 2022 and March 31, 2022 are presented for comparison purposes and are as follows: (In Thousands) December 31, 2022 March 31, 2022 Impaired loans without a valuation allowance $ 4,194 $ 3,990 Impaired loans with a valuation allowance 4,663 8,634 Total impaired loans $ 8,857 $ 12,624 Valuation allowance related to impaired loans $ 1,996 $ 1,535 Total non-accrual loans $ 4,689 $ 8,581 Total loans past-due ninety days or more and $ - $ - Quarter ended average investment in impaired $ 9,660 $ 12,764 Year to date average investment in impaired $ 10,710 $ 12,764 The Bank had approximately $ 3.6 million of its impaired loans classified as troubled debt restructured (TDR) as of December 31, 2022 and $ 7.3 million as of March 31, 2022. Modification programs focus on payment pattern changes and/or modified maturity dates with most receiving a combination of the two concessions. The modifications did no t result in the contractual forgiveness of principal. During the first quarter of 2023 and 2022, no new loans were considered modifications to borrowers experiencing financial difficulty. For the three months ended March 31, 2023 and 2022 , there were no modifications to borrowers experiencing financial difficulty that subsequently defaulted after modification. For the majority of the Bank’s impaired loans, the Bank applied the fair value of collateral or used a measurement incorporating the present value of expected future cash flows discounted at the loan’s effective rate of interest. To determine fair value of collateral, collateral asset values securing an impaired loan were periodically evaluated. Maximum time of re-evaluation was every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations were obtained. Until such time that updated appraisals were received, the Bank may have discounted the collateral value used. The Bank used the following guidelines as stated in policy to determine when to realize a charge-off, whether a partial or full loan balance. A charge-off in whole or in part was realized when unsecured consumer loans, credit card credits and overdraft lines of credit reached 90 days delinquency. At 90 days delinquent, secured consumer loans were charged down to the value of the collateral, if repossession of the collateral was assured and/or in the process of repossession. Consumer mortgage loan deficiencies were charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. A broker’s price opinion or appraisal was completed on all home loans in litigation and any deficiency was charged off before reaching 150 days delinquent. Commercial and agricultural credits were charged down/allocated at 120 days delinquency, unless an established and approved work-out plan was in place or litigation of the credit was likely to result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt was charged off. Additional charge-off was realized as further unsecured positions were recognized. The following tables present loans individually evaluated for impairment by class of loans for the three months ended March 31, 2022 and for the year ended December 31, 2022. (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2022 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 692 $ 692 $ - $ 372 $ 1 $ 2 Agricultural Real Estate 2,172 2,276 - 1,145 7 2 Agricultural 20 20 - 20 - - Commercial Real Estate 749 749 - 660 4 5 Commercial and Industrial 334 334 - 254 2 - Consumer 23 23 - 16 - - With a specific allowance recorded: Consumer Real Estate - - - - - - Agricultural Real Estate 4,498 4,498 273 5,550 - - Agricultural - - - - - - Commercial Real Estate 3,348 3,348 632 3,745 37 - Commercial and Industrial 788 788 630 994 14 - Consumer - - - 8 - - Totals: Consumer Real Estate $ 692 $ 692 $ - $ 372 $ 1 $ 2 Agricultural Real Estate $ 6,670 $ 6,774 $ 273 $ 6,695 $ 7 $ 2 Agricultural $ 20 $ 20 $ - $ 20 $ - $ - Commercial Real Estate $ 4,097 $ 4,097 $ 632 $ 4,405 $ 41 $ 5 Commercial and Industrial $ 1,122 $ 1,122 $ 630 $ 1,248 $ 16 $ - Consumer $ 23 $ 23 $ - $ 24 $ - $ - (In Thousands) Interest Year Ended December 31, 2022 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 509 $ 509 $ - $ 355 $ 5 $ 12 Agricultural Real Estate 2,280 2,385 - 2,048 25 6 Agricultural 152 152 - 588 - 2 Commercial Real Estate 1,234 1,272 - 1,252 29 43 Commercial and Industrial 17 417 - 135 2 10 Consumer 2 2 - 15 1 - With a specific allowance recorded: Consumer Real Estate 60 60 6 15 - 1 Agricultural Real Estate - - - 1,388 - - Agricultural - - - - - - Commercial Real Estate 2,874 2,874 438 3,176 150 - Commercial and Industrial 1,564 1,564 1,551 1,736 149 23 Consumer 165 165 1 2 - - Totals: Consumer Real Estate $ 569 $ 569 $ 6 $ 370 $ 5 $ 13 Agricultural Real Estate $ 2,280 $ 2,385 $ - $ 3,436 $ 25 $ 6 Agricultural $ 152 $ 152 $ - $ 588 $ - $ 2 Commercial Real Estate $ 4,108 $ 4,146 $ 438 $ 4,428 $ 179 $ 43 Commercial and Industrial $ 1,581 $ 1,981 $ 1,551 $ 1,871 $ 151 $ 33 Consumer $ 167 $ 167 $ 1 $ 17 $ 1 $ - As of March 31, 2023 , the Company had no foreclosed residential real estate property obtained by physical possession and $ 59 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions. This compares to the Company having no foreclosed residential real estate property obtained by physical possession and $ 170 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceeding were in process according to local jurisdictions as of December 31, 2022. As of March 31, 2022 , the Company had no foreclosed residential real estate property obtained by physical possession and $ 291 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings were in process according to local jurisdictions. On January 1, 2023, the Company adopted Accounting Standards Update ("ASU") No. 2016-13 - "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" and implemented the current expected credit losses accounting standard. As a result, the Company recorded a one-time adjustment from equity into the allowance for credit losses for loan losses and unfunded commitment liability in the amount of $ 4.5 million, or $ 3.4 million, net of tax. Allowance for Credit Losses (ACL) has a direct impact on the provision expense. An increase in the ACL is funded through recoveries and provision expense. The Company segregates its allowance into two reserves: The Allowance for Credit Losses (ACL) and the Allowance for Unfunded Loan Commitments and Letters of Credit (AULC). When combined, these reserves constitute the total Current Expected Credit Losses (CECL). The allowance does not include an accretable yield of $ 5.8 and $ 6.3 million as of March 31, 2023 and December 31, 2022 , respectively, nor a nonaccretable yield of $ 138 thousand as of December 31, 2022, related to the acquisitions of Bank of Geneva in 2019 and Ossian State Bank and Perpetual Federal Savings Bank in 2021 and Peoples Federal Savings and Loan Bank in 2022 as previously discussed in Note 2. The AULC is reported within other liabilities while the ACL portion associated with loans is netted within the loans, net asset line on the Company’s Condensed Consolidated Balance Sheets. The following table breaks down the activity within ACL for each loan portfolio classification and shows the contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs as of March 31, 2023: (In Thousands) Consumer Agricultural Agricultural Commercial Commercial Consumer Total Three Months Ended March 31, 2023 ALLOWANCE FOR CREDIT LOSSES Beginning balance $ 998 $ 349 $ 751 $ 11,924 $ 5,382 $ 909 $ 20,313 Adoption of ASU 2016-13 2,874 - ( 166 ) ( 650 ) 3,501 ( 2,165 ) 170 3,564 Provision for credit losses - loans ( 256 ) 26 ( 35 ) 661 191 230 817 Charge-offs - - - - - ( 122 ) ( 122 ) Recoveries 7 - - 2 6 47 62 Ending Balance $ 3,623 $ 209 $ 66 $ 16,088 $ 3,414 $ 1,234 $ 24,634 The following table breaks down the activity in the AULC as of March 31, 2023: (In Thousands) Unfunded Three Months Ended March 31, 2023 ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT Beginning balance $ 1,262 Adoption of ASU 2016-13 904 Provision for credit losses - off balance sheet credit exposures 62 Charge-offs - Recoveries - Ending Balance $ 2,228 Additional analysis, presented in thousands, related to the ALLL for the three months ended March 31, 2022 in addition to the ending balances as of December 31, 2022 is as follows: Consumer Agricultural Agricultural Commercial Commercial Consumer Unfunded Unallocated Total Three Months Ended March 31, 2022 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Charge Offs - - - - ( 6 ) ( 88 ) - - ( 94 ) Recoveries 5 - - 2 9 27 - - 43 Provision (Credit) 30 ( 434 ) 135 441 216 59 - 133 580 Other Non-interest expense related to - - - - - - 35 - 35 Ending Balance $ 892 $ 606 $ 844 $ 9,573 $ 4,066 $ 623 $ 1,076 $ 167 $ 17,847 Ending balance: individually evaluated $ - $ 273 $ - $ 632 $ 630 $ - $ - $ - $ 1,535 Ending balance: collectively evaluated $ 892 $ 333 $ 844 $ 8,941 $ 3,436 $ 623 $ 1,076 $ 167 $ 16,312 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 410,064 $ 195,901 $ 140,847 $ 909,408 $ 248,362 $ 57,638 $ - $ - $ 1,962,220 Ending balance: individually evaluated $ 692 $ 6,670 $ 20 $ 4,097 $ 1,122 $ 23 $ - $ - $ 12,624 Ending balance: collectively evaluated $ 408,694 $ 189,033 $ 140,827 $ 905,076 $ 246,904 $ 57,615 $ - $ - $ 1,948,149 Ending balance: loans acquired with $ 678 $ 198 $ - $ 235 $ 336 $ - $ - $ - $ 1,447 December 31, 2022 Consumer Agricultural Real Estate Agricultural Commercial Real Estate Commercial Consumer Unfunded Unallocated Total ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Charge Offs - - - - ( 418 ) ( 409 ) - - ( 827 ) Recoveries 20 - 7 9 93 169 - - 298 Provision (Credit) 121 ( 691 ) 35 2,785 1,860 506 - ( 16 ) 4,600 Other Non-interest expense related to - - - - - - 221 - 221 Ending Balance $ 998 $ 349 $ 751 $ 11,924 $ 5,382 $ 891 $ 1,262 $ 18 $ 21,575 Ending balance: individually evaluated $ 6 $ - $ - $ 438 $ 1,551 $ 1 $ - $ - $ 1,996 Ending balance: collectively evaluated $ 992 $ 349 $ 751 $ 11,486 $ 3,831 $ 890 $ 1,262 $ 18 $ 19,579 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 494,423 $ 220,514 $ 128,926 $ 1,150,511 $ 272,119 $ 89,894 $ - $ - $ 2,356,387 Ending balance: individually evaluated $ 569 $ 2,280 $ 152 $ 4,108 $ 1,581 $ 167 $ - $ - $ 8,857 Ending balance: collectively evaluated $ 493,449 $ 218,039 $ 128,774 $ 1,146,389 $ 270,493 $ 89,727 $ - $ - $ 2,346,871 Ending balance: loans acquired with $ 405 $ 195 $ - $ 14 $ 45 $ - $ - $ - $ 659

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 5 EARNINGS PER SHARE Basic earnings per share are calculated using the two-class method. The two-class method is an earnings allocation formula under which earnings per share is calculated from common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered participating securities (i.e. unvested restricted stock), not subject to performance based measures. Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Application of the two-class method for participating securities results in a more dilutive basic earnings per share as the participating securities are allocated the same amount of income as if they are outstanding for purposes of basic earnings per share. There is no additional potential dilution in calculating diluted earnings per share, therefore basic and diluted earnings per share are the same amounts. Other than the restricted stock plan, the Company has no other employee stock based compensation plans. The Compensation Committee of the Company has determined that it is appropriate to award shares of the common stock of the Company to Outside Directors and Employees that are officers of the Company or the Bank who also serve as Directors of the Company and the Bank as a portion of their retainer for services rendered as Directors of the Company and the Bank. The Committee believes that it is appropriate to award the Directors shares equal to a specific dollar amount, rounded to the nearest whole share on an annual basis commencing on June 5, 2020 and thereafter on the first Friday of June in each year. Directors receive a prorated dollar value of shares for a partial year of service. The value for the shares is to be based upon the closing price for shares on June 4, 2020 and thereafter on the first Thursday in June in each year. On June 4, 2021, ten Directors received approximately $ 6,000 worth of shares which equated to 272 shares while four Directors received a prorated dollar value of shares. On October 1, 2021, a new Director was added as a result of the Perpetual Federal Savings Bank acquisition and received 68 prorated shares worth approximately $ 1,523 . On June 3, 2022, twelve Directors each received $ 10,013 which equated to 240 shares. The use of stock for Directors’ retainer, does not have an effect on diluted earnings per share as it is immediately vested. Any stock awards to senior management are made in March with other members of management receiving any awards in August. On March 1, 2023, senior management received stock awards of 21,700 shares worth approximately $ 562,030 . (In thousands of dollars, except per share data) Three Months Ended March 31, 2023 March 31, 2022 Earnings per share Net income $ 6,466 $ 8,102 Less: distributed earnings allocated to participating ( 32 ) ( 21 ) Less: undistributed earnings allocated to participating ( 33 ) ( 48 ) Net earnings available to common shareholders $ 6,401 $ 8,033 Weighted average common shares outstanding including 13,615,655 13,066,272 Less: average unvested restricted shares ( 136,185 ) ( 111,165 ) Weighted average common shares outstanding 13,479,470 12,955,107 Basic and diluted earnings per share $ 0.47 $ 0.62

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 6 FAIR VALUE OF FINANCIAL INSTRUMENTS Fair values of financial instruments are management's estimate of the values at which the instruments could be exchanged in a transaction between willing parties. These estimates are subjective and may vary significantly from amounts that would be realized in actual transactions. In addition, other significant assets are not considered financial assets including deferred tax assets, premises, equipment and intangibles. Further, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of the estimates. The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of March 31, 2023 and December 31, 2022 are reflected below. (In Thousands) March 31, 2023 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 64,325 $ 64,325 $ 64,325 $ - $ - Interest-bearing time deposits 4,435 4,417 - 4,417 - Securities - available-for-sale 372,975 372,975 87,512 282,323 3,140 Other securities 11,543 11,543 - - 11,543 Loans held for sale 951 937 - - 937 Loans, net 2,422,018 2,262,480 - - 2,262,480 Interest receivable 11,472 11,472 - - 11,472 Financial Liabilities: Interest bearing deposits $ 1,391,084 $ 1,391,020 $ - $ - $ 1,391,020 Non-interest bearing deposits 520,145 520,145 520,145 - - Time deposits 601,939 590,775 - - 590,775 Total Deposits 2,513,168 2,501,940 520,145 - 1,981,795 Federal funds purchased and securities sold under 30,496 30,496 - - 30,496 Federal Home Loan Bank advances 164,327 161,723 - - 161,723 Subordinated notes, net of unamortized issuance costs 34,615 30,494 - 30,494 - Interest payable 2,587 2,587 - - 2,587 (In Thousands) December 31, 2022 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 84,409 $ 84,409 $ 84,409 $ - $ - Interest-bearing time deposits 4,442 4,440 - 4,440 - Securities - available-for-sale 390,789 390,789 94,678 292,766 3,345 Other securities 9,799 9,799 - - 9,799 Loans held for sale 827 815 - - 815 Loans, net 2,336,074 2,171,152 - - 2,171,152 Interest receivable 10,440 10,440 - - 10,440 Financial Liabilities: Interest bearing deposits $ 1,378,090 $ 1,377,944 $ - $ - $ 1,377,944 Non-interest bearing deposits 532,794 532,794 532,794 - - Time deposits 557,980 543,737 - - 543,737 Total Deposits 2,468,864 2,454,475 532,794 - 1,921,681 Federal funds purchased and securities sold under 54,206 54,206 - - 54,206 Federal Home Loan Bank advances 127,485 125,761 - - 125,761 Other borrowings 10,000 10,000 - 10,000 - Subordinated notes, net of unamortized issuance costs 34,586 30,993 - 30,993 - Interest payable 1,739 1,739 - - 1,739 Fair Value Measurements: In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities in active markets that the Company has the ability to access. Available-for-sale securities, when quoted prices are available in an active market, securities are valued using the quoted price and are classified as Level 1. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Available-for-sale securities classified as Level 2 are valued using the prices obtained from an independent pricing service. The prices are not adjusted. Securities of obligations of state and political subdivisions are valued using a type of matrix, or grid, pricing in which securities are benchmarked against the treasury rate based on credit rating. Substantially all assumptions used by the independent pricing service are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. The Bank holds some local municipals that the Bank evaluates based on the credit strength of the underlying project. The fair value is determined by valuing similar credit payment streams at similar rates. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company's assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. The following summarizes financial assets measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022, segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) March 31, 2023 Quoted Prices in Significant Significant Assets - (Securities Available-for-Sale) U.S. Treasury $ 87,512 $ - $ - U.S. Government agencies - 130,108 - Mortgage-backed securities - 86,320 - State and local governments - 65,895 3,140 Total Securities Available-for-Sale $ 87,512 $ 282,323 $ 3,140 (In Thousands) December 31, 2022 Quoted Prices in Significant Significant Assets - (Securities Available-for-Sale) U.S. Treasury $ 94,678 $ - $ - U.S. Government agencies - 139,767 - Mortgage-backed securities - 86,927 - State and local governments - 66,072 3,345 Total Securities Available-for-Sale $ 94,678 $ 292,766 $ 3,345 The following tables represent the changes in the Level 3 fair-value category of which unobservable inputs are relied upon as of the three period ended March 31, 2023 and March 31, 2022 . During the three month period ended March 31, 2022, there was one security transferred from Level 3 to Level 2. (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Tax-Exempt Taxable Total Balance at January 1, 2023 $ 2,071 $ 1,274 $ 3,345 Change in Fair Value 9 31 40 Payments & Maturities ( 245 ) - ( 245 ) Reclassification & Adjustments - - - Balance at March 31, 2023 $ 1,835 $ 1,305 $ 3,140 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Tax-Exempt Taxable Total Balance at January 1, 2022 $ 2,307 $ 2,466 $ 4,773 Change in Fair Value ( 39 ) ( 83 ) ( 122 ) Payments & Maturities ( 160 ) - ( 160 ) Reclassification & Adjustments - ( 989 ) ( 989 ) Balance at March 31, 2022 $ 2,108 $ 1,394 $ 3,502 Most of the Company's available-for-sale securities, including any bonds issued by local municipalities, have CUSIP numbers or have similar characteristics of those in the municipal markets, making them marketable and comparable as Level 2. The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis. At March 31, 2023 and December 31, 2022, such assets consist primarily of collateral dependent loans. Collateral dependent loans categorized as Level 3 assets consist of non-homogeneous loans that have expected credit losses. The Company estimates the fair value of the loans based on the present value of expected future cash flows using management's best estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals.) At March 31, 2023 and December 31, 2022 , fair value of collateral dependent impaired loans categorized as Level 3 was $ 9 thousand and $ 2.7 million, respectively. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted March 31, 2023 Valuation Technique Unobservable Inputs Average) State and local government $ 3,140 Discounted Cash Flow Credit strength of underlying project or Discount rate 3.15 - 4.53 % ( 4.10 %) Collateral dependent 9 Collateral based Discount to reflect current market 20.00 - 20.00 % ( 20.00 %) (In Thousands) Range Fair Value at (Weighted December 31, 2022 Valuation Technique Unobservable Inputs Average) State and local government $ 3,345 Discounted Cash Flow Credit strength of underlying project or Discount rate 2.08 - 5.01 % ( 4.38 %) Collateral dependent 2,667 Collateral based Discount to reflect current market 20.00 - 29.01 % ( 24.13 %) The following table presents assets measured at fair value on a nonrecurring basis at March 31, 2023 and December 31, 2022: (In Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2023 Balance at Quoted Prices Significant Significant Collateral dependent $ 9 $ - $ - $ 9 (In Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2022 Balance at Quoted Prices Significant Significant Collateral dependent $ 2,667 $ - $ - $ 2,667

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	3 Months Ended
	Mar. 31, 2023
Brokers And Dealers [Abstract]
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	NOTE 7 FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE The Company had no federal funds purchased as of March 31, 2023 and $ 22.6 million as of December 31, 2022 . During the same time periods, the Company had $ 30.5 million and $ 31.6 million in securities sold under agreement to repurchase. March 31, 2023 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 days Greater Than Total Federal funds purchased $ - $ - $ - $ - $ - Repurchase agreements US Treasury & agency securities $ 1,528 $ - $ - $ 28,968 $ 30,496 Total $ 1,528 $ - $ - $ 28,968 $ 30,496 December 31, 2022 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 days Greater Than Total Federal funds purchased $ 22,573 $ - $ - $ - $ 22,573 Repurchase agreements US Treasury & agency securities $ 1,115 $ - $ - $ 30,518 $ 31,633 Total $ 23,688 $ - $ - $ 30,518 $ 54,206

Subordinated Notes

Subordinated Notes	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Subordinated Notes	NOTE 8 SUBORDINATED NOTES On July 30, 2021, the Company announced the completion of a private placement of $ 35 million aggregate principal amount of its 3.25 % fixed-to-floating rate subordinated notes due July 30, 2031 (the “Notes”) to various accredited investors (the “Offering”). The price for the Notes was 100 % of the principal amount of the Notes. The Notes qualify as Tier 2 capital for regulatory purposes in proportionate amounts until July 30, 2026. The Company used the net proceeds from the Offering for general corporate purposes, including financing acquisitions and organic growth. Interest on the Notes accrues at a rate equal to (i) 3.25% per annum from the original issue date to, but excluding, the five-year anniversary, payable semi-annually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be the Three-Month Term SOFR (as defined in the Notes), plus a spread of 263 basis points from and including the five-year anniversary until maturity, payable quarterly in arrears. Beginning on or after the fifth anniversary of the issue date through maturity, the Notes may be redeemed, at the Company’s option, on any scheduled interest payment date. Any redemption will be at a redemption price equal to 100 % of the principal amount of Notes being redeemed, plus accrued and unpaid interest. March 31, 2023 December 31, 2022 (In Thousands) Principal Unamortized Note Issuance Costs Principal Unamortized Note Issuance Costs Subordinated Notes $ 35,000 $ ( 385 ) $ 35,000 $ ( 414 )

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 10 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU required the measurement of all expected credit losses for financial assets held at the reporting date to be based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations now use forward-looking information to better calculate their credit loss estimates. Many of the loss estimation techniques used prior to adoption of the ASU are still permitted, although the inputs to those techniques were changed to reflect the full amount of expected credit losses. Organizations continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU required enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures included qualitative and quantitative requirements that provided additional information about the amounts recorded in the financial statements. In addition, the ASU amended the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company had completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption was postponed until January 1, 2023. The Current Expected Credit Losses (“CECL”) methodology applies to loans held for investment, held to maturity debt securities, and off balance-sheet credit exposures. The ASU allows for several different methods of computing the ACL: closed pool, vintage, average charge-off, migration, probability of default / loss given default, discounted cash flow, and regression. Based on its analysis of observable data, the Company concluded the average charge-off method to be the most appropriate and statistically relevant. A 20-year lookback will be utilized as the historical loss period due to its inclusion of several economic cycles and relevance to real estate secured assets. The qualitative impact of the new accounting standard will still be directed by many of the same factors that impacted the previous methodology for computing the allowance including, but not limited to, quality and experience of staff, changes in the value of collateral, concentrations of credit in loan types or industries and changes to lending policies. In addition to this, the Company will also use reasonable and supportable forecasts. Examples of this are regression analyses of data from the Federal Open Market Committee quarterly economic projections for change in real GDP and of national unemployment. adopted ASU 2016-13 on January 1, 2023 , using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with the incurred loss accounting standards. The Company did not make any material changes to its business practices as a result of implementing the ASU. The transition adjustment of the CECL adoption included an increase in the loan allowance of $ 3.6 million, increase in the allowance for unfunded loan commitment and letters of credit of $ 0.9 million and a $ 3.4 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Condensed Consolidated Balance Sheets, with the $ 1.1 million tax impact portion being recorded as part of the deferred tax asset in other assets on our Condensed Consolidated Balance Sheets. The following table illustrates the impact of adopting the ASU: January 1, 2023 (In Thousands) As Reported Impact of Under Pre-ASU 2016-13 ASU 2016-13 ASU 2016-13 Adoption Adoption Consumer Real Estate $ 3,872 $ 998 $ 2,874 Agricultural Real Estate 183 349 ( 166 ) Agricultural 101 751 ( 650 ) Commercial Real Estate 15,425 11,924 3,501 Commercial & Industrial 3,217 5,382 ( 2,165 ) Consumer 1,079 909 170 Unfunded Loan Commitment & Letters of Credit 2,166 1,262 904 Current Expected Credit Losses $ 26,043 $ 21,575 $ 4,468 In March 2022, the FASB issued ASU 2022-02 "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." This ASU eliminates the accounting guidance on troubled debt restructurings for creditors in ASC 310-40 and requires entities to evaluate all receivable modifications under ASC 310-20 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The amended guidance adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. The amended guidance also requires disclosure of current period gross charge-offs by year of origination within the vintage disclosures required by ASC 326. The amended guidance is effective for the Company on January 1, 2023, with early adoption permitted. The Company adop ted ASU 2022-02 effective January 1, 2023 . There was no financial impact as a result of adopting the standard. In March 2022, the Sixth Circuit issued a ruling in CIC Services LLC v IRS vacating a previously referenced IRS Notice 2016-66. That ruling, as it stood, would remove the requirement of disclosure on Form 8886. However, on April 10, 2023, the IRS issued IR-2023-74 proposing regulations that classify Sec. 831(b) captives with less than a 65 % claims loss ratio over a 10-year period as a "listed transaction." This provision would apply to only captives that have been in existence for at least 10 years. This is a change from Notice 2016-66 which classified Sec. 831(b) captives with less than a 70 % claims loss ratio as a "transaction of interest." As of March 31, 2023, the most current regulations are still proposed, with comment period open through June 12, 2023. Final regulations are expected to be issued in Q4 2023. Management and its advisors are in the process of evaluating the impact of these proposed regulations.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 10 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU required the measurement of all expected credit losses for financial assets held at the reporting date to be based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations now use forward-looking information to better calculate their credit loss estimates. Many of the loss estimation techniques used prior to adoption of the ASU are still permitted, although the inputs to those techniques were changed to reflect the full amount of expected credit losses. Organizations continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU required enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures included qualitative and quantitative requirements that provided additional information about the amounts recorded in the financial statements. In addition, the ASU amended the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company had completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption was postponed until January 1, 2023. The Current Expected Credit Losses (“CECL”) methodology applies to loans held for investment, held to maturity debt securities, and off balance-sheet credit exposures. The ASU allows for several different methods of computing the ACL: closed pool, vintage, average charge-off, migration, probability of default / loss given default, discounted cash flow, and regression. Based on its analysis of observable data, the Company concluded the average charge-off method to be the most appropriate and statistically relevant. A 20-year lookback will be utilized as the historical loss period due to its inclusion of several economic cycles and relevance to real estate secured assets. The qualitative impact of the new accounting standard will still be directed by many of the same factors that impacted the previous methodology for computing the allowance including, but not limited to, quality and experience of staff, changes in the value of collateral, concentrations of credit in loan types or industries and changes to lending policies. In addition to this, the Company will also use reasonable and supportable forecasts. Examples of this are regression analyses of data from the Federal Open Market Committee quarterly economic projections for change in real GDP and of national unemployment. adopted ASU 2016-13 on January 1, 2023 , using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with the incurred loss accounting standards. The Company did not make any material changes to its business practices as a result of implementing the ASU. The transition adjustment of the CECL adoption included an increase in the loan allowance of $ 3.6 million, increase in the allowance for unfunded loan commitment and letters of credit of $ 0.9 million and a $ 3.4 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Condensed Consolidated Balance Sheets, with the $ 1.1 million tax impact portion being recorded as part of the deferred tax asset in other assets on our Condensed Consolidated Balance Sheets. The following table illustrates the impact of adopting the ASU: January 1, 2023 (In Thousands) As Reported Impact of Under Pre-ASU 2016-13 ASU 2016-13 ASU 2016-13 Adoption Adoption Consumer Real Estate $ 3,872 $ 998 $ 2,874 Agricultural Real Estate 183 349 ( 166 ) Agricultural 101 751 ( 650 ) Commercial Real Estate 15,425 11,924 3,501 Commercial & Industrial 3,217 5,382 ( 2,165 ) Consumer 1,079 909 170 Unfunded Loan Commitment & Letters of Credit 2,166 1,262 904 Current Expected Credit Losses $ 26,043 $ 21,575 $ 4,468 In March 2022, the FASB issued ASU 2022-02 "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." This ASU eliminates the accounting guidance on troubled debt restructurings for creditors in ASC 310-40 and requires entities to evaluate all receivable modifications under ASC 310-20 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The amended guidance adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. The amended guidance also requires disclosure of current period gross charge-offs by year of origination within the vintage disclosures required by ASC 326. The amended guidance is effective for the Company on January 1, 2023, with early adoption permitted. The Company adop ted ASU 2022-02 effective January 1, 2023 . There was no financial impact as a result of adopting the standard. In March 2022, the Sixth Circuit issued a ruling in CIC Services LLC v IRS vacating a previously referenced IRS Notice 2016-66. That ruling, as it stood, would remove the requirement of disclosure on Form 8886. However, on April 10, 2023, the IRS issued IR-2023-74 proposing regulations that classify Sec. 831(b) captives with less than a 65 % claims loss ratio over a 10-year period as a "listed transaction." This provision would apply to only captives that have been in existence for at least 10 years. This is a change from Notice 2016-66 which classified Sec. 831(b) captives with less than a 70 % claims loss ratio as a "transaction of interest." As of March 31, 2023, the most current regulations are still proposed, with comment period open through June 12, 2023. Final regulations are expected to be issued in Q4 2023. Management and its advisors are in the process of evaluating the impact of these proposed regulations.

Business Combination and Asse_2

Business Combination and Asset Purchase (Tables)	3 Months Ended
	Mar. 31, 2023
Business Acquisition [Line Items]
Schedule of Pro-forma Results	The following schedule includes pro-forma results for the three months ended March 31, 2023 and 2022 as if the Peoples Federal Savings and Loan Bank acquisition had occurred as of the beginning of the comparable prior reporting period. The acquisitions of Ossian State Bank and Perpetual Federal Savings Bank are already included as they had occurred prior to that period. (in thousands of dollars, except per share data) Three Months Ended March 31, 2023 March 31, 2022 Summary of Operations Net Interest Income - Before Provision for Credit Losses $ 21,682 $ 20,966 Provision for Credit Losses 817 493 Net Interest Income After Provision for Credit Losses 20,865 20,473 Noninterest Income 4,177 4,483 Noninterest Expense 16,897 14,495 Income Before Income Taxes 8,145 10,461 Income Taxes 1,602 2,022 Net Income $ 6,543 $ 8,439 Basic and Diluted Earnings Per Share $ 0.48 $ 0.62
Schedule of Annual Amortization of Core Deposit Intangible Assets	Annual amortization of core deposit intangible assets is as follows: (In Thousands) Geneva Ossian Perpetual Peoples Total 2023 $ 560 $ 140 $ 95 $ 861 $ 1,656 2024 560 140 95 861 1,656 2025 560 140 95 861 1,656 2026 - 140 95 861 1,096 2027 - 140 95 861 1,096 Thereafter - 47 74 1,506 1,627 $ 1,680 $ 747 $ 549 $ 5,811 8,787
Customer Lists [Member]
Business Acquisition [Line Items]
Schedule of Annual Amortization of Core Deposit Intangible Assets	Annual amortization expense of customer list intangible is as follows: (In Thousands) Adams County Financial Resources 2023 $ 123 2024 123 2025 123 2026 123 2027 47 Thereafter - $ 539
Peoples Federal Savings and Loan [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Peoples Federal Savings and Loan Association and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 9,806 Common Shares 13,446 Treasury stock repurchased ( 125 shares) ( 3 ) Total $ 23,249 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 18,881 Other securities, at cost 1,271 Loans, net 101,755 Premises and equipment 1,906 Goodwill 5,924 Other assets 12,081 Total Assets Purchased $ 141,818 Liabilities Deposits Noninterest bearing $ 7,139 Interest bearing 104,719 Total deposits 111,858 Federal Home Loan Bank (FHLB) advances 896 Accrued expenses and other liabilities 5,815 Total Liabilities Assumed $ 118,569
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended (In Thousands) Beginning Balance $ 798 Additions 1 Accretion ( 58 ) Reclassification from nonaccretable difference - Disposals - Ending Balance $ 741
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Perpetual Federal Savings Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 59,234 Common Shares 41,078 Total $ 100,312 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 44,975 Federal funds sold 1,672 Interest-bearing time deposits 6,250 Other securities, at cost 2,794 Loans, net 334,661 Premises and equipment 615 Goodwill 25,220 Other assets 3,975 Total Assets Purchased $ 420,162 Liabilities Deposits Noninterest bearing $ 2,018 Interest bearing 309,090 Total deposits 311,108 Federal Home Loan Bank (FHLB) advances 6,218 Accrued expenses and other liabilities 2,524 Total Liabilities Assumed $ 319,850
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended (In Thousands) (In Thousands) Beginning Balance $ 4,236 $ 5,262 Additions 14 64 Accretion ( 344 ) ( 322 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 3,906 $ 5,004
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Ossian State Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 20,001 Total $ 20,001 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 20,229 Interest-bearing time deposits 20,226 Securities - available-for-sale 30,243 Other securities, at cost 281 Loans, net 52,403 Premises and equipment 494 Goodwill 7,874 Other assets 5,308 Total Assets Purchased $ 137,058 Liabilities Deposits Noninterest bearing $ 34,509 Interest bearing 81,535 Total deposits 116,044 Accrued expenses and other liabilities 1,013 Total Liabilities Assumed $ 117,057
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended (In Thousands) (In Thousands) Beginning Balance $ 470 $ 645 Additions - - Accretion ( 44 ) ( 44 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 426 $ 601
Limberlost Bancshares Inc [Member]
Business Acquisition [Line Items]
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended (In Thousands) (In Thousands) Beginning Balance $ 785 $ 1,198 Additions 3 5 Accretion ( 107 ) ( 106 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 681 $ 1,097

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments Debt And Equity Securities [Abstract]
Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses	The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2023 and December 31, 2022, are as follows: (In Thousands) March 31, 2023 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 95,215 $ - $ ( 7,703 ) $ 87,512 U.S. Government agencies 144,105 - ( 13,997 ) 130,108 Mortgage-backed securities 98,348 - ( 12,028 ) 86,320 State and local governments 74,783 120 ( 5,868 ) 69,035 Total available-for-sale securities $ 412,451 $ 120 $ ( 39,596 ) $ 372,975 (In Thousands) December 31, 2022 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 104,507 $ - $ ( 9,829 ) $ 94,678 U.S. Government agencies 156,817 - ( 17,050 ) 139,767 Mortgage-backed securities 101,068 - ( 14,141 ) 86,927 State and local governments 76,794 69 ( 7,446 ) 69,417 Total available-for-sale securities $ 439,186 $ 69 $ ( 48,466 ) $ 390,789
Gross Unrealized Losses, Aggregated by Investment Category and Length of Time	Information pertaining to securities with gross unrealized losses at March 31, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) March 31, 2023 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ ( 19 ) $ 727 $ ( 7,684 ) $ 86,785 $ ( 7,703 ) $ 87,512 U.S. Government agencies ( 48 ) 1,952 ( 13,949 ) 128,156 ( 13,997 ) 130,108 Mortgage-backed securities ( 28 ) 3,099 ( 12,000 ) 83,221 ( 12,028 ) 86,320 State and local governments ( 248 ) 10,000 ( 5,620 ) 53,332 ( 5,868 ) 63,332 Total available-for-sale securities $ ( 343 ) $ 15,778 $ ( 39,253 ) $ 351,494 $ ( 39,596 ) $ 367,272 (In Thousands) December 31, 2022 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ ( 207 ) $ 9,121 $ ( 9,622 ) $ 85,557 $ ( 9,829 ) $ 94,678 U.S. Government agencies ( 1,081 ) 24,560 ( 15,969 ) 114,906 ( 17,050 ) 139,466 Mortgage-backed securities ( 2,454 ) 26,905 ( 11,687 ) 60,022 ( 14,141 ) 86,927 State and local governments ( 3,223 ) 38,771 ( 4,223 ) 25,610 ( 7,446 ) 64,381 Total available-for-sale securities $ ( 6,965 ) $ 99,357 $ ( 41,501 ) $ 286,095 $ ( 48,466 ) $ 385,452
Gross Realized Gains and Losses	Below are the gross realized gains and losses for the three months ended March 31, 2023 and March 31, 2022. Three Months (In Thousands) 2023 2022 Gross realized gains $ 12 $ - Gross realized losses ( 903 ) - Net realized losses $ ( 891 ) $ - Tax benefit related to net realized losses $ ( 187 ) $ -
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity	The amortized cost and fair value of debt securities at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value One year or less $ 18,764 $ 18,352 After one year through five years 211,418 193,248 After five years through ten years 79,611 70,746 After ten years 4,310 4,309 Total $ 314,103 $ 286,655 Mortgage-backed securities 98,348 86,320 Total $ 412,451 $ 372,975

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans	Loan balances as of March 31, 2023 and December 31, 2022 are summarized below: (In Thousands) Loans: March 31, 2023 December 31, 2022 Consumer Real Estate $ 502,974 $ 494,423 Agricultural Real Estate 227,897 220,819 Agricultural 131,467 128,733 Commercial Real Estate 1,225,315 1,152,603 Commercial and Industrial 241,598 242,360 Consumer 89,588 89,147 Other 29,316 29,818 2,448,155 2,357,903 Less: Net deferred loan fees and costs ( 1,503 ) ( 1,516 ) 2,446,652 2,356,387 Less: Allowance for credit losses ( 24,634 ) ( 20,313 ) Loans - Net $ 2,422,018 $ 2,336,074
Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category	The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2023 and December 31, 2022 : (In Thousands) March 31, 2023 December 31, 2022 Fixed Variable Fixed Variable Consumer Real Estate $ 350,541 $ 152,433 $ 354,420 $ 140,003 Agricultural Real Estate 144,890 83,007 144,702 76,117 Agricultural 52,394 79,073 52,867 75,866 Commercial Real Estate 970,161 255,154 941,927 210,676 Commercial and Industrial 136,702 104,896 130,513 111,847 Consumer 89,520 68 88,972 175 Other 19,620 9,696 20,029 9,789
Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans	The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2023 and December 31, 2022, net of deferred loan fees and costs: March 31, 2023 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 850 $ - $ 111 $ 961 $ 502,007 $ 502,968 $ - Agricultural Real Estate 231 283 1,511 2,025 225,574 227,599 - Agricultural - - - - 131,677 131,677 - Commercial Real Estate 8,383 - 267 8,650 1,214,513 1,223,163 - Commercial and Industrial - 346 854 1,200 269,657 270,857 - Consumer 73 25 19 117 90,271 90,388 - Total $ 9,537 $ 654 $ 2,762 $ 12,953 $ 2,433,699 $ 2,446,652 $ - December 31, 2022 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > Consumer Real Estate $ 1,536 $ 635 $ 90 $ 2,261 $ 492,162 $ 494,423 $ - Agricultural Real Estate 118 2 1,550 1,670 218,844 220,514 - Agricultural 433 - 152 585 128,341 128,926 - Commercial Real Estate 74 - 180 254 1,150,257 1,150,511 - Commercial and Industrial 953 - 182 1,135 270,984 272,119 - Consumer 83 37 - 120 89,774 89,894 - Total $ 3,197 $ 674 $ 2,154 $ 6,025 $ 2,350,362 $ 2,356,387 $ -
Amortized Cost of Nonaccrual Loans by Portfolio Class of Loans	The following tables present the amortized cost of nonaccrual loans by class of loans as of March 31, 2023 and the recorded investment of nonaccrual loans by class of loans as of December 31, 2022: (In Thousands) Nonaccrual Loans Past With No Due Over Allowance 89 Days for Credit Loss Nonaccrual Still Accruing Consumer Real Estate $ 912 $ 912 $ - Agricultural Real Estate 5,503 5,503 - Agricultural 61 61 - Commercial Real Estate 268 268 - Commercial & Industrial 111 948 - Consumer 21 21 - Total $ 6,876 $ 7,713 $ - (In Thousands) December 31, Consumer Real Estate $ 612 Agricultural Real Estate 1,921 Agricultural 152 Commercial Real Estate 903 Commercial & Industrial 1,096 Consumer 5 Total $ 4,689
Risk Category of Loans by Portfolio Class	The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of December 31, 2022: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2022 1-2 $ 9,912 $ 5,857 $ 8,718 $ 780 $ - 3 47,405 33,671 370,035 67,506 10,921 4 146,143 88,992 737,745 167,291 18,897 5 10,389 228 9,751 3,592 - 6 6,665 178 24,262 3,132 - 7 - - - - - 8 - - - - - Total $ 220,514 $ 128,926 $ 1,150,511 $ 242,301 $ 29,818
Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity	The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of December 31, 2022. (In Thousands) Consumer Real Estate December 31, Grade Pass (1-4) $ 492,575 Special Mention (5) 676 Substandard (6) 1,172 Doubtful (7) - Total $ 494,423 (In Thousands) Consumer December 31, Performing $ 89,853 Nonperforming 41 Total $ 89,894
Loan Balances Based on Year of Origination	The following table reflects loan balances as of March 31, 2023 based on year of origination: (In Thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Term Amortized Grand 2023 2022 2021 2020 Prior Total Cost Basis Total March 31, 2023 Consumer Real Estate Risk Rating Pass (1-4) $ 23,642 $ 103,775 $ 98,956 $ 88,874 $ 140,856 $ 456,103 $ 45,103 $ 501,206 Special Mention (5) - - - - 559 559 - 559 Substandard (6) - - 407 - 778 1,185 18 1,203 Doubtful (7) - - - - - - - - Total Consumer Real Estate $ 23,642 $ 103,775 $ 99,363 $ 88,874 $ 142,193 $ 457,847 $ 45,121 $ 502,968 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Real Estate Risk Rating Pass (1-4) $ 12,810 $ 40,851 $ 38,036 $ 27,066 $ 91,794 $ 210,557 $ 97 $ 210,654 Special Mention (5) - - 686 346 6,947 7,979 - 7,979 Substandard (6) - 250 1,510 189 7,017 8,966 - 8,966 Doubtful (7) - - - - - - - - Total Agricultural Real Estate $ 12,810 $ 41,101 $ 40,232 $ 27,601 $ 105,758 $ 227,502 $ 97 $ 227,599 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Risk Rating Pass (1-4) $ 11,106 $ 28,922 $ 12,985 $ 5,433 $ 7,226 $ 65,672 $ 65,920 $ 131,592 Special Mention (5) - - - - - - 1 1 Substandard (6) - - - 84 - 84 - 84 Doubtful (7) - - - - - - - - Total Agricultural $ 11,106 $ 28,922 $ 12,985 $ 5,517 $ 7,226 $ 65,756 $ 65,921 $ 131,677 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - (In Thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Term Amortized Grand 2023 2022 2021 2020 Prior Total Cost Basis Total March 31, 2023 Commercial Real Estate Risk Rating Pass (1-4) $ 89,943 $ 440,142 $ 262,208 $ 131,449 $ 265,358 $ 1,189,100 $ - $ 1,189,100 Special Mention (5) - - - 10,697 1,292 11,989 - 11,989 Substandard (6) 98 613 - 75 21,288 22,074 - 22,074 Doubtful (7) - - - - - - - - Total Commercial Real Estate $ 90,041 $ 440,755 $ 262,208 $ 142,221 $ 287,938 $ 1,223,163 $ - $ 1,223,163 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial & Industrial Risk Rating Pass (1-4) $ 17,561 $ 63,073 $ 33,720 $ 29,328 $ 6,634 $ 150,316 $ 85,496 $ 235,812 Special Mention (5) 200 - 221 159 481 1,061 195 1,256 Substandard (6) - 493 695 944 378 2,510 1,956 4,466 Doubtful (7) - - - - - - - - Total Commercial & Industrial $ 17,761 $ 63,566 $ 34,636 $ 30,431 $ 7,493 $ 153,887 $ 87,647 $ 241,534 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Other Risk Rating Pass (1-4) $ - $ 200 $ 17,526 $ 6,341 $ 5,256 $ 29,323 $ - $ 29,323 Special Mention (5) - - - - - - - - Substandard (6) - - - - - - - - Doubtful (7) - - - - - - - - Total Consumer $ - $ 200 $ 17,526 $ 6,341 $ 5,256 $ 29,323 $ - $ 29,323 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - The following table presents payment performance as of March 31, 2023 by year of origination: (In Thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Term Amortized Grand 2023 2022 2021 2020 Prior Total Cost Basis Total March 31, 2023 Consumer Payment Performance Performing $ 8,901 $ 53,708 $ 15,151 $ 7,780 $ 4,776 $ 90,316 $ 51 $ 90,367 Nonperforming - - 19 - 2 21 - 21 Total Consumer $ 8,901 $ 53,708 $ 15,170 $ 7,780 $ 4,778 $ 90,337 $ 51 $ 90,388 Gross charge-offs $ 73 $ 13 $ 7 $ 29 $ - $ 122 $ - $ 122
Collateral-dependent Loans	The following table presents collateral-dependent loans grouped by collateral as of March 31, 2023: (In Thousands) Real Estate Consumer Real Estate $ - Agricultural Real Estate - Agricultural - Commercial Real Estate - Commercial & Industrial 9 Consumer - Total $ 9
Schedule of Impaired Loans	Information about impaired loans as of December 31, 2022 and March 31, 2022 are presented for comparison purposes and are as follows: (In Thousands) December 31, 2022 March 31, 2022 Impaired loans without a valuation allowance $ 4,194 $ 3,990 Impaired loans with a valuation allowance 4,663 8,634 Total impaired loans $ 8,857 $ 12,624 Valuation allowance related to impaired loans $ 1,996 $ 1,535 Total non-accrual loans $ 4,689 $ 8,581 Total loans past-due ninety days or more and $ - $ - Quarter ended average investment in impaired $ 9,660 $ 12,764 Year to date average investment in impaired $ 10,710 $ 12,764
Loans Individually Evaluated for Impairment by Portfolio Class of Loans	The following tables present loans individually evaluated for impairment by class of loans for the three months ended March 31, 2022 and for the year ended December 31, 2022. (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2022 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 692 $ 692 $ - $ 372 $ 1 $ 2 Agricultural Real Estate 2,172 2,276 - 1,145 7 2 Agricultural 20 20 - 20 - - Commercial Real Estate 749 749 - 660 4 5 Commercial and Industrial 334 334 - 254 2 - Consumer 23 23 - 16 - - With a specific allowance recorded: Consumer Real Estate - - - - - - Agricultural Real Estate 4,498 4,498 273 5,550 - - Agricultural - - - - - - Commercial Real Estate 3,348 3,348 632 3,745 37 - Commercial and Industrial 788 788 630 994 14 - Consumer - - - 8 - - Totals: Consumer Real Estate $ 692 $ 692 $ - $ 372 $ 1 $ 2 Agricultural Real Estate $ 6,670 $ 6,774 $ 273 $ 6,695 $ 7 $ 2 Agricultural $ 20 $ 20 $ - $ 20 $ - $ - Commercial Real Estate $ 4,097 $ 4,097 $ 632 $ 4,405 $ 41 $ 5 Commercial and Industrial $ 1,122 $ 1,122 $ 630 $ 1,248 $ 16 $ - Consumer $ 23 $ 23 $ - $ 24 $ - $ - (In Thousands) Interest Year Ended December 31, 2022 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 509 $ 509 $ - $ 355 $ 5 $ 12 Agricultural Real Estate 2,280 2,385 - 2,048 25 6 Agricultural 152 152 - 588 - 2 Commercial Real Estate 1,234 1,272 - 1,252 29 43 Commercial and Industrial 17 417 - 135 2 10 Consumer 2 2 - 15 1 - With a specific allowance recorded: Consumer Real Estate 60 60 6 15 - 1 Agricultural Real Estate - - - 1,388 - - Agricultural - - - - - - Commercial Real Estate 2,874 2,874 438 3,176 150 - Commercial and Industrial 1,564 1,564 1,551 1,736 149 23 Consumer 165 165 1 2 - - Totals: Consumer Real Estate $ 569 $ 569 $ 6 $ 370 $ 5 $ 13 Agricultural Real Estate $ 2,280 $ 2,385 $ - $ 3,436 $ 25 $ 6 Agricultural $ 152 $ 152 $ - $ 588 $ - $ 2 Commercial Real Estate $ 4,108 $ 4,146 $ 438 $ 4,428 $ 179 $ 43 Commercial and Industrial $ 1,581 $ 1,981 $ 1,551 $ 1,871 $ 151 $ 33 Consumer $ 167 $ 167 $ 1 $ 17 $ 1 $ -
Analysis of Allowance for Credit Losses	(In Thousands) Consumer Agricultural Agricultural Commercial Commercial Consumer Total Three Months Ended March 31, 2023 ALLOWANCE FOR CREDIT LOSSES Beginning balance $ 998 $ 349 $ 751 $ 11,924 $ 5,382 $ 909 $ 20,313 Adoption of ASU 2016-13 2,874 - ( 166 ) ( 650 ) 3,501 ( 2,165 ) 170 3,564 Provision for credit losses - loans ( 256 ) 26 ( 35 ) 661 191 230 817 Charge-offs - - - - - ( 122 ) ( 122 ) Recoveries 7 - - 2 6 47 62 Ending Balance $ 3,623 $ 209 $ 66 $ 16,088 $ 3,414 $ 1,234 $ 24,634 The following table breaks down the activity in the AULC as of March 31, 2023: (In Thousands) Unfunded Three Months Ended March 31, 2023 ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT Beginning balance $ 1,262 Adoption of ASU 2016-13 904 Provision for credit losses - off balance sheet credit exposures 62 Charge-offs - Recoveries - Ending Balance $ 2,228 Additional analysis, presented in thousands, related to the ALLL for the three months ended March 31, 2022 in addition to the ending balances as of December 31, 2022 is as follows: Consumer Agricultural Agricultural Commercial Commercial Consumer Unfunded Unallocated Total Three Months Ended March 31, 2022 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Charge Offs - - - - ( 6 ) ( 88 ) - - ( 94 ) Recoveries 5 - - 2 9 27 - - 43 Provision (Credit) 30 ( 434 ) 135 441 216 59 - 133 580 Other Non-interest expense related to - - - - - - 35 - 35 Ending Balance $ 892 $ 606 $ 844 $ 9,573 $ 4,066 $ 623 $ 1,076 $ 167 $ 17,847 Ending balance: individually evaluated $ - $ 273 $ - $ 632 $ 630 $ - $ - $ - $ 1,535 Ending balance: collectively evaluated $ 892 $ 333 $ 844 $ 8,941 $ 3,436 $ 623 $ 1,076 $ 167 $ 16,312 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 410,064 $ 195,901 $ 140,847 $ 909,408 $ 248,362 $ 57,638 $ - $ - $ 1,962,220 Ending balance: individually evaluated $ 692 $ 6,670 $ 20 $ 4,097 $ 1,122 $ 23 $ - $ - $ 12,624 Ending balance: collectively evaluated $ 408,694 $ 189,033 $ 140,827 $ 905,076 $ 246,904 $ 57,615 $ - $ - $ 1,948,149 Ending balance: loans acquired with $ 678 $ 198 $ - $ 235 $ 336 $ - $ - $ - $ 1,447 December 31, 2022 Consumer Agricultural Real Estate Agricultural Commercial Real Estate Commercial Consumer Unfunded Unallocated Total ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Charge Offs - - - - ( 418 ) ( 409 ) - - ( 827 ) Recoveries 20 - 7 9 93 169 - - 298 Provision (Credit) 121 ( 691 ) 35 2,785 1,860 506 - ( 16 ) 4,600 Other Non-interest expense related to - - - - - - 221 - 221 Ending Balance $ 998 $ 349 $ 751 $ 11,924 $ 5,382 $ 891 $ 1,262 $ 18 $ 21,575 Ending balance: individually evaluated $ 6 $ - $ - $ 438 $ 1,551 $ 1 $ - $ - $ 1,996 Ending balance: collectively evaluated $ 992 $ 349 $ 751 $ 11,486 $ 3,831 $ 890 $ 1,262 $ 18 $ 19,579 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 494,423 $ 220,514 $ 128,926 $ 1,150,511 $ 272,119 $ 89,894 $ - $ - $ 2,356,387 Ending balance: individually evaluated $ 569 $ 2,280 $ 152 $ 4,108 $ 1,581 $ 167 $ - $ - $ 8,857 Ending balance: collectively evaluated $ 493,449 $ 218,039 $ 128,774 $ 1,146,389 $ 270,493 $ 89,727 $ - $ - $ 2,346,871 Ending balance: loans acquired with $ 405 $ 195 $ - $ 14 $ 45 $ - $ - $ - $ 659

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Calculation of Basic Earnings Per Share	(In thousands of dollars, except per share data) Three Months Ended March 31, 2023 March 31, 2022 Earnings per share Net income $ 6,466 $ 8,102 Less: distributed earnings allocated to participating ( 32 ) ( 21 ) Less: undistributed earnings allocated to participating ( 33 ) ( 48 ) Net earnings available to common shareholders $ 6,401 $ 8,033 Weighted average common shares outstanding including 13,615,655 13,066,272 Less: average unvested restricted shares ( 136,185 ) ( 111,165 ) Weighted average common shares outstanding 13,479,470 12,955,107 Basic and diluted earnings per share $ 0.47 $ 0.62

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Estimated Fair Values and Related Carrying or Notional Amounts	The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of March 31, 2023 and December 31, 2022 are reflected below. (In Thousands) March 31, 2023 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 64,325 $ 64,325 $ 64,325 $ - $ - Interest-bearing time deposits 4,435 4,417 - 4,417 - Securities - available-for-sale 372,975 372,975 87,512 282,323 3,140 Other securities 11,543 11,543 - - 11,543 Loans held for sale 951 937 - - 937 Loans, net 2,422,018 2,262,480 - - 2,262,480 Interest receivable 11,472 11,472 - - 11,472 Financial Liabilities: Interest bearing deposits $ 1,391,084 $ 1,391,020 $ - $ - $ 1,391,020 Non-interest bearing deposits 520,145 520,145 520,145 - - Time deposits 601,939 590,775 - - 590,775 Total Deposits 2,513,168 2,501,940 520,145 - 1,981,795 Federal funds purchased and securities sold under 30,496 30,496 - - 30,496 Federal Home Loan Bank advances 164,327 161,723 - - 161,723 Subordinated notes, net of unamortized issuance costs 34,615 30,494 - 30,494 - Interest payable 2,587 2,587 - - 2,587 (In Thousands) December 31, 2022 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 84,409 $ 84,409 $ 84,409 $ - $ - Interest-bearing time deposits 4,442 4,440 - 4,440 - Securities - available-for-sale 390,789 390,789 94,678 292,766 3,345 Other securities 9,799 9,799 - - 9,799 Loans held for sale 827 815 - - 815 Loans, net 2,336,074 2,171,152 - - 2,171,152 Interest receivable 10,440 10,440 - - 10,440 Financial Liabilities: Interest bearing deposits $ 1,378,090 $ 1,377,944 $ - $ - $ 1,377,944 Non-interest bearing deposits 532,794 532,794 532,794 - - Time deposits 557,980 543,737 - - 543,737 Total Deposits 2,468,864 2,454,475 532,794 - 1,921,681 Federal funds purchased and securities sold under 54,206 54,206 - - 54,206 Federal Home Loan Bank advances 127,485 125,761 - - 125,761 Other borrowings 10,000 10,000 - 10,000 - Subordinated notes, net of unamortized issuance costs 34,586 30,993 - 30,993 - Interest payable 1,739 1,739 - - 1,739
Financial Assets Measured at Fair Value on Recurring Basis	The following summarizes financial assets measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022, segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) March 31, 2023 Quoted Prices in Significant Significant Assets - (Securities Available-for-Sale) U.S. Treasury $ 87,512 $ - $ - U.S. Government agencies - 130,108 - Mortgage-backed securities - 86,320 - State and local governments - 65,895 3,140 Total Securities Available-for-Sale $ 87,512 $ 282,323 $ 3,140 (In Thousands) December 31, 2022 Quoted Prices in Significant Significant Assets - (Securities Available-for-Sale) U.S. Treasury $ 94,678 $ - $ - U.S. Government agencies - 139,767 - Mortgage-backed securities - 86,927 - State and local governments - 66,072 3,345 Total Securities Available-for-Sale $ 94,678 $ 292,766 $ 3,345
Changes in the Level 3 Fair-Value Category of Unobservable Inputs	The following tables represent the changes in the Level 3 fair-value category of which unobservable inputs are relied upon as of the three period ended March 31, 2023 and March 31, 2022 . During the three month period ended March 31, 2022, there was one security transferred from Level 3 to Level 2. (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Tax-Exempt Taxable Total Balance at January 1, 2023 $ 2,071 $ 1,274 $ 3,345 Change in Fair Value 9 31 40 Payments & Maturities ( 245 ) - ( 245 ) Reclassification & Adjustments - - - Balance at March 31, 2023 $ 1,835 $ 1,305 $ 3,140 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Tax-Exempt Taxable Total Balance at January 1, 2022 $ 2,307 $ 2,466 $ 4,773 Change in Fair Value ( 39 ) ( 83 ) ( 122 ) Payments & Maturities ( 160 ) - ( 160 ) Reclassification & Adjustments - ( 989 ) ( 989 ) Balance at March 31, 2022 $ 2,108 $ 1,394 $ 3,502
Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted March 31, 2023 Valuation Technique Unobservable Inputs Average) State and local government $ 3,140 Discounted Cash Flow Credit strength of underlying project or Discount rate 3.15 - 4.53 % ( 4.10 %) Collateral dependent 9 Collateral based Discount to reflect current market 20.00 - 20.00 % ( 20.00 %) (In Thousands) Range Fair Value at (Weighted December 31, 2022 Valuation Technique Unobservable Inputs Average) State and local government $ 3,345 Discounted Cash Flow Credit strength of underlying project or Discount rate 2.08 - 5.01 % ( 4.38 %) Collateral dependent 2,667 Collateral based Discount to reflect current market 20.00 - 29.01 % ( 24.13 %)
Assets Measured at Fair Value on Nonrecurring Basis	The following table presents assets measured at fair value on a nonrecurring basis at March 31, 2023 and December 31, 2022: (In Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2023 Balance at Quoted Prices Significant Significant Collateral dependent $ 9 $ - $ - $ 9 (In Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2022 Balance at Quoted Prices Significant Significant Collateral dependent $ 2,667 $ - $ - $ 2,667

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)	3 Months Ended
	Mar. 31, 2023
Brokers And Dealers [Abstract]
Schedule of Remaining Contractual Maturity in Repurchase Agreements	March 31, 2023 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 days Greater Than Total Federal funds purchased $ - $ - $ - $ - $ - Repurchase agreements US Treasury & agency securities $ 1,528 $ - $ - $ 28,968 $ 30,496 Total $ 1,528 $ - $ - $ 28,968 $ 30,496 December 31, 2022 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 days Greater Than Total Federal funds purchased $ 22,573 $ - $ - $ - $ 22,573 Repurchase agreements US Treasury & agency securities $ 1,115 $ - $ - $ 30,518 $ 31,633 Total $ 23,688 $ - $ - $ 30,518 $ 54,206

Subordinated Notes (Tables)

Subordinated Notes (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Subordinated Notes	March 31, 2023 December 31, 2022 (In Thousands) Principal Unamortized Note Issuance Costs Principal Unamortized Note Issuance Costs Subordinated Notes $ 35,000 $ ( 385 ) $ 35,000 $ ( 414 )

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Changes And Error Corrections [Abstract]
Schedule of Impact of Adopting ASU	The following table illustrates the impact of adopting the ASU: January 1, 2023 (In Thousands) As Reported Impact of Under Pre-ASU 2016-13 ASU 2016-13 ASU 2016-13 Adoption Adoption Consumer Real Estate $ 3,872 $ 998 $ 2,874 Agricultural Real Estate 183 349 ( 166 ) Agricultural 101 751 ( 650 ) Commercial Real Estate 15,425 11,924 3,501 Commercial & Industrial 3,217 5,382 ( 2,165 ) Consumer 1,079 909 170 Unfunded Loan Commitment & Letters of Credit 2,166 1,262 904 Current Expected Credit Losses $ 26,043 $ 21,575 $ 4,468

Business Combination and Asse_3

Business Combination and Asset Purchase - Additional Information (Detail)						3 Months Ended
	Oct. 01, 2022 USD ($) Office $ / shares shares	Oct. 01, 2021 USD ($) Office $ / shares shares	Apr. 30, 2021 USD ($) Office $ / shares shares	Nov. 16, 2020 USD ($) shares	Jan. 01, 2019 USD ($) shares $ / shares	Mar. 31, 2023 USD ($) shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) shares	Nov. 30, 2020 USD ($) Client
Business Acquisition [Line Items]
Common stock, shares outstanding | shares						14,564,425		14,564,425
Goodwill						$ 86,358,000		$ 86,358,000
Pro-forma operating revenue, net of tax						366,000
Amortization expense						414,000	$ 199,000
Core Deposits [Member]
Business Acquisition [Line Items]
Amortization expense						414,000	199,000
Amortization expense for 2023						1,656,000
Customer Lists [Member]
Business Acquisition [Line Items]
Amortization expense						31,000	$ 31,000
Amortization expense for 2023						123,000
Peoples Federal Savings and Loan [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office	3
Common stock issued in exchange of each outstanding share	0.6597
Cash payment for exchange of each share | $ / shares	$ 24
Minimum number of shares to be exchanged under merger agreement | shares	758,566
Common stock, shares outstanding | shares	1,167,025
Share price | $ / shares	$ 26.87
Total consideration for acquisition	$ 23,249,000
Cash paid for the capital stock	9,806,000
Stock issued for acquisition	13,446,000
Goodwill	5,924,000
Fair value of assets acquired	101,800,000
Gross principal and contractual interest	116,100,000
Acquisition expected to be uncollectible	$ 0
Loan receivable weighted average life	44 months 12 days
Business combination, premises and equipment written up value	$ 581,000
Business combination, premises and equipment written down value	$ 597,000
Business combination, average remaining life	12 years 9 months 18 days
Fair value for certificate of deposit, valuation amount	$ 662,000
Fair value for certificate of deposit, amortization period	1 year 1 month 6 days
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount	$ 69,000
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period	5 years 2 months 12 days
Peoples Federal Savings and Loan [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 6,000,000
Remaining economic useful life	7 years
Recognition of core deposit tangible asset with acquired purchase						6,000,000
Amortization expense for 2023						861,000
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office		1
Common stock issued in exchange of each outstanding share		1.7766
Cash payment for exchange of each share | $ / shares		$ 41.20
Business acquisition share owned subject to adjustment | shares		1,833,999
Common stock, shares outstanding | shares		2,470,032
Share price | $ / shares		$ 22.40
Total consideration for acquisition		$ 100,312,000
Cash paid for the capital stock		59,234,000
Stock issued for acquisition		41,078,000
Goodwill		25,220,000
Fair value of assets acquired		334,700,000
Gross principal and contractual interest		403,300,000
Acquisition expected to be uncollectible		$ 5,600,000
Loan receivable weighted average life		52 months
Business combination, premises and equipment written down value		$ 4,000
Business combination, average remaining life		16 years 2 months 12 days
Fair value for certificate of deposit, valuation amount		$ 3,900,000
Fair value for certificate of deposit, amortization period		1 year 7 months 6 days
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount		$ 218,000
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period		2 years 7 months 6 days
Perpetual Federal Savings Bank [Member] | Building [Member]
Business Acquisition [Line Items]
Business combination, premises and equipment written down value		$ 297,000
Perpetual Federal Savings Bank [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 668,000
Remaining economic useful life		7 years
Amortization expense for 2023						95,000
Ossian State Bank [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office			2
Ossian State Bank [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit tangible asset with acquired purchase						980,200
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Cash payment for exchange of each share | $ / shares			$ 67.71
Common stock, shares outstanding | shares			295,388
Total consideration for acquisition			$ 20,001,000
Cash paid for the capital stock			20,001,000
Goodwill			7,874,000
Fair value of assets acquired			52,400,000
Gross principal and contractual interest			63,700,000
Acquisition expected to be uncollectible			$ 1,100,000
Loan receivable weighted average life			52 months
Business combination, premises and equipment written down value			$ 596,000
Business combination, average remaining life			39 years
Fair value for certificate of deposit, valuation amount			$ 59,000
Fair value for certificate of deposit, amortization period			1 year 4 months 24 days
Goodwill deductible for tax purpose, period			15 years
Ossian Financial Services, Inc. [Member] | Building [Member]
Business Acquisition [Line Items]
Business combination, premises and equipment written down value			$ 244,000
Ossian Financial Services, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase			$ 980,200
Remaining economic useful life			7 years
Amortization expense for 2023						140,000
Bank of Geneva [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase						$ 3,900,000
Remaining economic useful life						7 years
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share | shares					1,830
Cash payment for exchange of each share | $ / shares					$ 8,465
Common stock, shares outstanding | shares					1,000
Share price | $ / shares					$ 38.49
Total consideration for acquisition					$ 78,900,000
Cash paid for the capital stock					8,500,000
Stock issued for acquisition					70,400,000
Goodwill					43,300,000
Limberlost Bancshares, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase					$ 3,900,000
Remaining economic useful life					7 years
Perpetual Federal Savings Bank [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit tangible asset with acquired purchase						$ 668,000
Adams County Financial Resources [Member]
Business Acquisition [Line Items]
Total consideration for acquisition				$ 825,000
Common stock issued in exchange of each outstanding share | shares				40,049
Assets under management amount									$ 83,000,000
Number of clients assets under management | Client									450
Adams County Financial Resources [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase				$ 800,000
Remaining economic useful life				6 years 6 months
Amortization expense for 2023						$ 123,000

Business Combination and Asse_4

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Detail) - USD ($) $ in Thousands	Oct. 01, 2022	Oct. 01, 2021	Apr. 30, 2021	Mar. 31, 2023	Dec. 31, 2022
Assets
Goodwill				$ 86,358	$ 86,358
Peoples Federal Savings And Loan [Member]
Business Acquisition [Line Items]
Cash	$ 9,806
Common Shares	13,446
Treasury stock repurchased	(3)
Total	23,249
Assets
Cash and cash equivalents	18,881
Other securities, at cost	1,271
Loans, net	101,755
Premises and equipment	1,906
Goodwill	5,924
Other assets	12,081
Total Assets Purchased	141,818
Deposits
Noninterest bearing	7,139
Interest bearing	104,719
Total deposits	111,858
Federal Home Loan Bank (FHLB) advances	896
Accrued expenses and other liabilities	5,815
Total Liabilities Assumed	$ 118,569
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Cash		$ 59,234
Common Shares		41,078
Total		100,312
Assets
Cash and cash equivalents		44,975
Federal funds sold		1,672
Interest-bearing time deposits		6,250
Other securities, at cost		2,794
Loans, net		334,661
Premises and equipment		615
Goodwill		25,220
Other assets		3,975
Total Assets Purchased		420,162
Deposits
Noninterest bearing		2,018
Interest bearing		309,090
Total deposits		311,108
Federal Home Loan Bank (FHLB) advances		6,218
Accrued expenses and other liabilities		2,524
Total Liabilities Assumed		$ 319,850
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Cash			$ 20,001
Total			20,001
Assets
Cash and cash equivalents			20,229
Interest-bearing time deposits			20,226
Securities - available-for-sale			30,243
Other securities, at cost			281
Loans, net			52,403
Premises and equipment			494
Goodwill			7,874
Other assets			5,308
Total Assets Purchased			137,058
Deposits
Noninterest bearing			34,509
Interest bearing			81,535
Total deposits			116,044
Accrued expenses and other liabilities			1,013
Total Liabilities Assumed			$ 117,057

Business Combination and Asse_5

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Parenthetical) (Detail)	Oct. 01, 2022 shares
Business Acquisition [Line Items]
Treasury stock repurchased	125

Business Combination and Asse_6

Business Combination and Asset Purchase - Summary of Changes in Accretable Yield or Income Expected to be Collected (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Peoples Federal Savings and Loan [Member]
Business Acquisition [Line Items]
Beginning Balance	$ 798
Additions	1
Accretion	(58)
Ending Balance	741		$ 798
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Beginning Balance	4,236	$ 5,262	5,262
Additions	14	64
Accretion	(344)	(322)
Ending Balance	3,906	5,004	4,236
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Beginning Balance	470	645	645
Accretion	(44)	(44)
Ending Balance	426	601	470
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Beginning Balance	785	1,198	1,198
Additions	3	5
Accretion	(107)	(106)
Ending Balance	$ 681	$ 1,097	$ 785

Business Combination and Asse_7

Business Combination and Asset Purchase - Schedule of Pro-forma Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Summary of Operations
Net Interest Income - Before Provision for Credit Losses	$ 21,682	$ 20,966
Provision for Credit Losses	817	493
Net Interest Income After Provision for Credit Losses	20,865	20,473
Noninterest Income	4,177	4,483
Noninterest Expense	16,897	14,495
Income Before Income Taxes	8,145	10,461
Income Taxes	1,602	2,022
Net Income	$ 6,543	$ 8,439
Basic and Diluted Earnings Per Share	$ 0.48	$ 0.62

Business Combination and Asse_8

Business Combination and Asset Purchase - Schedule of Annual Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Mar. 31, 2023 USD ($)
Core Deposits [Member]
Business Acquisition [Line Items]
2023	$ 1,656
2024	1,656
2025	1,656
2026	1,096
2027	1,096
Thereafter	1,627
Finite-Lived Intangible Assets, Net	8,787
Customer Lists [Member]
Business Acquisition [Line Items]
2023	123
Geneva [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
2023	560
2024	560
2025	560
Finite-Lived Intangible Assets, Net	1,680
Ossian [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
2023	140
2024	140
2025	140
2026	140
2027	140
Thereafter	47
Finite-Lived Intangible Assets, Net	747
Perpetual Federal Savings Bank [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
2023	95
2024	95
2025	95
2026	95
2027	95
Thereafter	74
Finite-Lived Intangible Assets, Net	549
Peoples Federal Savings and Loan [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
2023	861
2024	861
2025	861
2026	861
2027	861
Thereafter	1,506
Finite-Lived Intangible Assets, Net	5,811
Adams County Financial Resources [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
2023	123
2024	123
2025	123
2026	123
2027	47
Finite-Lived Intangible Assets, Net	$ 539

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 412,451	$ 439,186
Gross Unrealized Gains	120	69
Gross Unrealized Losses	(39,596)	(48,466)
Fair Value	372,975	390,789
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	95,215	104,507
Gross Unrealized Losses	(7,703)	(9,829)
Fair Value	87,512	94,678
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	144,105	156,817
Gross Unrealized Losses	(13,997)	(17,050)
Fair Value	130,108	139,767
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	98,348	101,068
Gross Unrealized Losses	(12,028)	(14,141)
Fair Value	86,320	86,927
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	74,783	76,794
Gross Unrealized Gains	120	69
Gross Unrealized Losses	(5,868)	(7,446)
Fair Value	$ 69,035	$ 69,417

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Investments pledged, carrying value	$ 164,000	$ 134,800
Other securities	11,543	9,799
Total committed securities	4,000	4,000
Federal Home Loan Bank of Cincinnati and Indianapolis Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	9,800	8,100
Ohio Equity Fund for Housing Limited Partnership [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	$ 1,700	$ 1,700
Minimum [Member]
Schedule of Available-for-sale Securities [Line Items]
Underwater security	10 years
Loss position existed	3 years

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses, Aggregated by Investment Category and Length of Time (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (343)	$ (6,965)
Fair Value, Less Than Twelve Months	15,778	99,357
Gross Unrealized Losses, Twelve Months and Over	(39,253)	(41,501)
Fair Value, Twelve Months and Over	351,494	286,095
Gross Unrealized Losses, Total	(39,596)	(48,466)
Fair Value, Total	367,272	385,452
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(19)	(207)
Fair Value, Less Than Twelve Months	727	9,121
Gross Unrealized Losses, Twelve Months and Over	(7,684)	(9,622)
Fair Value, Twelve Months and Over	86,785	85,557
Gross Unrealized Losses, Total	(7,703)	(9,829)
Fair Value, Total	87,512	94,678
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(48)	(1,081)
Fair Value, Less Than Twelve Months	1,952	24,560
Gross Unrealized Losses, Twelve Months and Over	(13,949)	(15,969)
Fair Value, Twelve Months and Over	128,156	114,906
Gross Unrealized Losses, Total	(13,997)	(17,050)
Fair Value, Total	130,108	139,466
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(28)	(2,454)
Fair Value, Less Than Twelve Months	3,099	26,905
Gross Unrealized Losses, Twelve Months and Over	(12,000)	(11,687)
Fair Value, Twelve Months and Over	83,221	60,022
Gross Unrealized Losses, Total	(12,028)	(14,141)
Fair Value, Total	86,320	86,927
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(248)	(3,223)
Fair Value, Less Than Twelve Months	10,000	38,771
Gross Unrealized Losses, Twelve Months and Over	(5,620)	(4,223)
Fair Value, Twelve Months and Over	53,332	25,610
Gross Unrealized Losses, Total	(5,868)	(7,446)
Fair Value, Total	$ 63,332	$ 64,381

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Available For Sale Securities Gross Realized Gain Loss [Abstract]
Gross realized gains	$ 12
Gross realized losses	(903)
Net realized losses	(891)
Tax benefit related to net realized losses	$ (187)

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 18,764
Amortized Cost, After one year through five years	211,418
Amortized Cost, After five years through ten years	79,611
Amortized Cost, After ten years	4,310
Amortized Cost, Total	314,103
Amortized Cost, Mortgage-backed securities	98,348
Amortized Cost	412,451	$ 439,186
Fair Value, One year or less	18,352
Fair Value, After one year through five years	193,248
Fair Value, After five years through ten years	70,746
Fair Value, After ten years	4,309
Fair Value, Total	286,655
Fair Value, Mortgage-backed securities	86,320
Total, Fair Value	$ 372,975	$ 390,789

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Loans:
Loans - Gross	$ 2,448,155	$ 2,357,903
Less: Net deferred loan fees and costs	(1,503)	(1,516)
Loans after net deferred loan fees and costs	2,446,652	2,356,387	$ 1,962,220
Less: Allowance for loan losses	(24,634)	(20,313)
Loans - Net	2,422,018	2,336,074
Consumer Real Estate [Member]
Loans:
Loans - Gross	502,974	494,423
Loans after net deferred loan fees and costs	502,968	494,423	410,064
Less: Allowance for loan losses	(3,623)	(998)
Agricultural Real Estate [Member]
Loans:
Loans - Gross	227,897	220,819
Loans after net deferred loan fees and costs	227,599	220,514	195,901
Less: Allowance for loan losses	(209)	(349)
Agricultural [Member]
Loans:
Loans - Gross	131,467	128,733
Loans after net deferred loan fees and costs	131,677	128,926	140,847
Less: Allowance for loan losses	(66)	(751)
Commercial Real Estate [Member]
Loans:
Loans - Gross	1,225,315	1,152,603
Loans after net deferred loan fees and costs	1,223,163	1,150,511	909,408
Less: Allowance for loan losses	(16,088)	(11,924)
Commercial and Industrial [Member]
Loans:
Loans - Gross	241,598	242,360
Loans after net deferred loan fees and costs		242,301
Consumer [Member]
Loans:
Loans - Gross	89,588	89,147
Loans after net deferred loan fees and costs	90,388	89,894	$ 57,638
Less: Allowance for loan losses	(1,234)	(909)
Other Loan [Member]
Loans:
Loans - Gross	$ 29,316	29,818
Loans after net deferred loan fees and costs		$ 29,818

Loans - Distribution of Fixed R

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 350,541	$ 354,420
Distribution of variable rate loans by major loan category, Variable Rate	152,433	140,003
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	144,890	144,702
Distribution of variable rate loans by major loan category, Variable Rate	83,007	76,117
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	52,394	52,867
Distribution of variable rate loans by major loan category, Variable Rate	79,073	75,866
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	970,161	941,927
Distribution of variable rate loans by major loan category, Variable Rate	255,154	210,676
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	136,702	130,513
Distribution of variable rate loans by major loan category, Variable Rate	104,896	111,847
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	89,520	88,972
Distribution of variable rate loans by major loan category, Variable Rate	68	175
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	19,620	20,029
Distribution of variable rate loans by major loan category, Variable Rate	$ 9,696	$ 9,789

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan		$ 659	$ 1,447
Loans	$ 2,448,155	2,357,903
Allowance for loan losses	24,634	20,313
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	241,598	$ 242,360
Asset Pledged as Collateral without Right [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan	$ 214,200		$ 222,500

Loans - Contractual Aging of Re

Loans - Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,446,652	$ 2,356,387	$ 1,962,220
Recorded Investment > 90 Days and Accruing		0	0
30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	9,537	3,197
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	654	674
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,762	2,154
Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	12,953	6,025
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,433,699	2,350,362
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	502,968
Loans after net deferred loan fees and costs	502,968	494,423	410,064
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	850	1,536
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		635
Consumer Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	111	90
Consumer Real Estate [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	961	2,261
Consumer Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	502,007	492,162
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	227,599	220,514	195,901
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	231	118
Agricultural Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	283	2
Agricultural Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,511	1,550
Agricultural Real Estate [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,025	1,670
Agricultural Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	225,574	218,844
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	131,677
Loans after net deferred loan fees and costs	131,677	128,926	140,847
Agricultural [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		433
Agricultural [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		152
Agricultural [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		585
Agricultural [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	131,677	128,341
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,223,163
Loans after net deferred loan fees and costs	1,223,163	1,150,511	909,408
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	8,383	74
Commercial Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	267	180
Commercial Real Estate [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	8,650	254
Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,214,513	1,150,257
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	270,857	272,119	248,362
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		953
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	346
Commercial and Industrial [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	854	182
Commercial and Industrial [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,200	1,135
Commercial and Industrial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	269,657	270,984
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	90,388	89,894	$ 57,638
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	73	83
Consumer [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	25	37
Consumer [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	19
Consumer [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	117	120
Consumer [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 90,271	$ 89,774

Loans - Amortized Cost of Nonac

Loans - Amortized Cost of Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		$ 4,689	$ 8,581
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		612
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		1,921
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		152
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		903
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		1,096
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		$ 5
Nonaccrual With No Allowance For Credit Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 6,876
Nonaccrual With No Allowance For Credit Loss [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	912
Nonaccrual With No Allowance For Credit Loss [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	5,503
Nonaccrual With No Allowance For Credit Loss [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	61
Nonaccrual With No Allowance For Credit Loss [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	268
Nonaccrual With No Allowance For Credit Loss [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	111
Nonaccrual With No Allowance For Credit Loss [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	21
Nonaccrual [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	7,713
Nonaccrual [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	912
Nonaccrual [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	5,503
Nonaccrual [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	61
Nonaccrual [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	268
Nonaccrual [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	948
Nonaccrual [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 21

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Nonaccrual [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income on nonaccrual loans	$ 61
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment period of loan with a reasonable reduction of principal balance	2 years

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Portfolio Class (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,446,652	$ 2,356,387	$ 1,962,220
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	227,599	220,514	195,901
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	131,677	128,926	140,847
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,223,163	1,150,511	$ 909,408
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		242,301
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		29,818
1-2 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		9,912
1-2 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		5,857
1-2 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		8,718
1-2 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		780
3 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		47,405
3 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		33,671
3 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		370,035
3 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		67,506
3 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		10,921
4 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		146,143
4 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		88,992
4 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		737,745
4 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		167,291
4 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		18,897
5 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		10,389
5 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		228
5 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		9,751
5 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		3,592
6 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		6,665
6 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		178
6 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		24,262
6 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		$ 3,132

Loans - Recorded Investment for

Loans - Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,446,652	$ 2,356,387	$ 1,962,220
Performing		659	1,447
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing		89,894
Consumer - Other [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing		89,853
Consumer - Other [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing		41
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 502,968	494,423	410,064
Performing		405	$ 678
Pass [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		492,575
Special Mention [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		676
Substandard [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		$ 1,172

Loans - Loan Balances Based on

Loans - Loan Balances Based on Year of Origination (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-offs - fiscal year 2023	$ 73
Gross charge-offs - fiscal year 2022	13
Gross charge-offs - fiscal year 2021	7
Gross charge-offs - fiscal year 2020	29
Gross charge-offs - Term Total	122
Gross charge-offs - Grand Total	122
Consumer Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	23,642
2022	103,775
2021	99,363
2020	88,874
Prior	142,193
Term Total	457,847
Revolving Loans Amortized Cost Basis	45,121
Grand Total	502,968
Consumer Real Estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	23,642
2022	103,775
2021	98,956
2020	88,874
Prior	140,856
Term Total	456,103
Revolving Loans Amortized Cost Basis	45,103
Grand Total	501,206
Consumer Real Estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	559
Term Total	559
Grand Total	559
Consumer Real Estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	407
Prior	778
Term Total	1,185
Revolving Loans Amortized Cost Basis	18
Grand Total	1,203
Agricultural Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	12,810
2022	41,101
2021	40,232
2020	27,601
Prior	105,758
Term Total	227,502
Revolving Loans Amortized Cost Basis	97
Grand Total	227,599
Agricultural Real Estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	12,810
2022	40,851
2021	38,036
2020	27,066
Prior	91,794
Term Total	210,557
Revolving Loans Amortized Cost Basis	97
Grand Total	210,654
Agricultural Real Estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	686
2020	346
Prior	6,947
Term Total	7,979
Grand Total	7,979
Agricultural Real Estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	250
2021	1,510
2020	189
Prior	7,017
Term Total	8,966
Grand Total	8,966
Agricultural [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	11,106
2022	28,922
2021	12,985
2020	5,517
Prior	7,226
Term Total	65,756
Revolving Loans Amortized Cost Basis	65,921
Grand Total	131,677
Agricultural [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	11,106
2022	28,922
2021	12,985
2020	5,433
Prior	7,226
Term Total	65,672
Revolving Loans Amortized Cost Basis	65,920
Grand Total	131,592
Agricultural [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Amortized Cost Basis	1
Grand Total	1
Agricultural [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	84
Term Total	84
Grand Total	84
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	90,041
2022	440,755
2021	262,208
2020	142,221
Prior	287,938
Term Total	1,223,163
Grand Total	1,223,163
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	89,943
2022	440,142
2021	262,208
2020	131,449
Prior	265,358
Term Total	1,189,100
Grand Total	1,189,100
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	10,697
Prior	1,292
Term Total	11,989
Grand Total	11,989
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	98
2022	613
2020	75
Prior	21,288
Term Total	22,074
Grand Total	22,074
Commercial & Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	17,761
2022	63,566
2021	34,636
2020	30,431
Prior	7,493
Term Total	153,887
Revolving Loans Amortized Cost Basis	87,647
Grand Total	241,534
Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	17,561
2022	63,073
2021	33,720
2020	29,328
Prior	6,634
Term Total	150,316
Revolving Loans Amortized Cost Basis	85,496
Grand Total	235,812
Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	200
2021	221
2020	159
Prior	481
Term Total	1,061
Revolving Loans Amortized Cost Basis	195
Grand Total	1,256
Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	493
2021	695
2020	944
Prior	378
Term Total	2,510
Revolving Loans Amortized Cost Basis	1,956
Grand Total	4,466
Consumer [Member] | Payment Performance [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,901
2022	53,708
2021	15,170
2020	7,780
Prior	4,778
Term Total	90,337
Revolving Loans Amortized Cost Basis	51
Grand Total	90,388
Consumer [Member] | Performing [Member] | Payment Performance [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,901
2022	53,708
2021	15,151
2020	7,780
Prior	4,776
Term Total	90,316
Revolving Loans Amortized Cost Basis	51
Grand Total	90,367
Consumer [Member] | Nonperforming [Member] | Payment Performance [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	19
Prior	2
Term Total	21
Grand Total	21
Other Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	200
2021	17,526
2020	6,341
Prior	5,256
Term Total	29,323
Grand Total	29,323
Other Loan [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	200
2021	17,526
2020	6,341
Prior	5,256
Term Total	29,323
Grand Total	$ 29,323

Loans - Schedule of Collateral-

Loans - Schedule of Collateral-dependent Loans (Detail) $ in Thousands	Mar. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	$ 9
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	$ 9

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2022
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 4,194	$ 3,990	$ 4,194
Impaired loans with a valuation allowance	4,663	8,634	4,663
Total impaired loans	8,857	12,624	8,857
Valuation allowance related to impaired loans	1,996	1,535	1,996
Total non-accrual loans	4,689	8,581	4,689
Total loans past-due ninety days or more and still accruing	0	0	0
Average investment in impaired loans	$ 9,660	$ 12,764	$ 10,710

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)		3 Months Ended
	Jul. 30, 2021	Mar. 31, 2023 USD ($) Contract	Mar. 31, 2022 USD ($) Contract	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans classified as troubled debt restructured			$ 7,300,000		$ 3,600,000
Term of loan	5 years
Allowance for loan losses		$ 24,634,000			20,313,000
Modifications to borrower experiencing financial difficulty | Contract		0	0
Maximum time for re-evaluation (in months)		12 months
Re-evaluation period for real estate		2 years
Unsecured consumer loans, credit card credits and overdraft lines of credit reach		90 days
Delinquent period for charging down consumer loans		90 days
Litigation and any deficiency charged off period		150 days
Delinquent period for charging down/allocated commercial and agricultural credits		120 days
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 209,000			349,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		16,088,000			11,924,000
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		3,623,000			998,000
Foreclosed residential real estate property		0	$ 0		0
Residential real estate properties foreclosure proceedings		$ 59,000	$ 291,000		$ 170,000
ASU 2016-13 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses and unfunded commitment liability				$ 4,500,000
Allowance for redit losses and unfunded commitment liability, net of tax				$ 3,400,000
Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract		0

Loans - Impaired Loans Classifi

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) - Contract	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable Modifications [Line Items]
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0	0

Loans - Loans Individually Eval

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 4,194	$ 3,990	$ 4,194
With a specific allowance recorded, Recorded Investment	4,663	8,634	4,663
Related Allowance	1,996	1,535	1,996
Recorded Investment	8,857	12,624	8,857
Average Recorded Investment	9,660	12,764	10,710
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	509	692	509
With no related allowance recorded, Unpaid Principal Balance	509	692	509
With no related allowance recorded, Average Recorded Investment		372	355
With no related allowance recorded, Interest Income Recognized		1	5
With no related allowance recorded, Interest Income Recognized Cash Basis		2	12
With a specific allowance recorded, Recorded Investment	60		60
With a specific allowance recorded, Unpaid Principal Balance	60		60
Related Allowance	6		6
With a specific allowance recorded, Average Recorded Investment			15
With a specific allowance recorded, Interest Income Recognized Cash Basis			1
Recorded Investment	569	692	569
Unpaid Principal Balance	569	692	569
Average Recorded Investment		372	370
Interest Income Recognized		1	5
Interest Income Recognized Cash Basis		2	13
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,280	2,172	2,280
With no related allowance recorded, Unpaid Principal Balance	2,385	2,276	2,385
With no related allowance recorded, Average Recorded Investment		1,145	2,048
With no related allowance recorded, Interest Income Recognized		7	25
With no related allowance recorded, Interest Income Recognized Cash Basis		2	6
With a specific allowance recorded, Recorded Investment		4,498
With a specific allowance recorded, Unpaid Principal Balance		4,498
Related Allowance		273
With a specific allowance recorded, Average Recorded Investment		5,550	1,388
Recorded Investment	2,280	6,670	2,280
Unpaid Principal Balance	2,385	6,774	2,385
Average Recorded Investment		6,695	3,436
Interest Income Recognized		7	25
Interest Income Recognized Cash Basis		2	6
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	152	20	152
With no related allowance recorded, Unpaid Principal Balance	152	20	152
With no related allowance recorded, Average Recorded Investment		20	588
With no related allowance recorded, Interest Income Recognized Cash Basis			2
Recorded Investment	152	20	152
Unpaid Principal Balance	152	20	152
Average Recorded Investment		20	588
Interest Income Recognized Cash Basis			2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	1,234	749	1,234
With no related allowance recorded, Unpaid Principal Balance	1,272	749	1,272
With no related allowance recorded, Average Recorded Investment		660	1,252
With no related allowance recorded, Interest Income Recognized		4	29
With no related allowance recorded, Interest Income Recognized Cash Basis		5	43
With a specific allowance recorded, Recorded Investment	2,874	3,348	2,874
With a specific allowance recorded, Unpaid Principal Balance	2,874	3,348	2,874
Related Allowance	438	632	438
With a specific allowance recorded, Average Recorded Investment		3,745	3,176
With a specific allowance recorded, Interest Income Recognized		37	150
Recorded Investment	4,108	4,097	4,108
Unpaid Principal Balance	4,146	4,097	4,146
Average Recorded Investment		4,405	4,428
Interest Income Recognized		41	179
Interest Income Recognized Cash Basis		5	43
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	17	334	17
With no related allowance recorded, Unpaid Principal Balance	417	334	417
With no related allowance recorded, Average Recorded Investment		254	135
With no related allowance recorded, Interest Income Recognized		2	2
With no related allowance recorded, Interest Income Recognized Cash Basis			10
With a specific allowance recorded, Recorded Investment	1,564	788	1,564
With a specific allowance recorded, Unpaid Principal Balance	1,564	788	1,564
Related Allowance	1,551	630	1,551
With a specific allowance recorded, Average Recorded Investment		994	1,736
With a specific allowance recorded, Interest Income Recognized		14	149
With a specific allowance recorded, Interest Income Recognized Cash Basis			23
Recorded Investment	1,581	1,122	1,581
Unpaid Principal Balance	1,981	1,122	1,981
Average Recorded Investment		1,248	1,871
Interest Income Recognized		16	151
Interest Income Recognized Cash Basis			33
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2	23	2
With no related allowance recorded, Unpaid Principal Balance	2	23	2
With no related allowance recorded, Average Recorded Investment		16	15
With no related allowance recorded, Interest Income Recognized			1
With a specific allowance recorded, Recorded Investment	165		165
With a specific allowance recorded, Unpaid Principal Balance	165		165
Related Allowance	1		1
With a specific allowance recorded, Average Recorded Investment		8	2
Recorded Investment	167	23	167
Unpaid Principal Balance	$ 167	23	167
Average Recorded Investment		$ 24	17
Interest Income Recognized			$ 1

Loans - Summary of Activities i

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Allowance for Loan Losses
Balance at beginning of year	$ 20,313
Provision for credit losses-Loans	817	$ 580	$ 4,600
Charge Offs	(122)	(94)	(827)
Recoveries	62	43	298
Balance at ending of year	24,634		20,313
Consumer Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	998
Provision for credit losses-Loans	(256)	30	121
Recoveries	7	5	20
Balance at ending of year	3,623		998
Agricultural Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	349
Provision for credit losses-Loans	26	(434)	(691)
Balance at ending of year	209		349
Agricultural [Member]
Allowance for Loan Losses
Balance at beginning of year	751
Provision for credit losses-Loans	(35)	135	35
Recoveries			7
Balance at ending of year	66		751
Commercial Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	11,924
Provision for credit losses-Loans	661	441	2,785
Recoveries	2	2	9
Balance at ending of year	16,088		11,924
Commercial and Industrial [Member]
Allowance for Loan Losses
Balance at beginning of year	5,382
Provision for credit losses-Loans	191	216	1,860
Charge Offs		(6)	(418)
Recoveries	6	9	93
Balance at ending of year	3,414		5,382
Consumer [Member]
Allowance for Loan Losses
Balance at beginning of year	909
Provision for credit losses-Loans	230	59	506
Charge Offs	(122)	(88)	(409)
Recoveries	47	$ 27	169
Balance at ending of year	1,234		909
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses
Balance at beginning of year	$ 3,564
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Balance at ending of year			3,564
Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	$ 2,874
Balance at ending of year			2,874
Cumulative Effect, Period of Adoption, Adjustment [Member] | Agricultural Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	(166)
Balance at ending of year			(166)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Agricultural [Member]
Allowance for Loan Losses
Balance at beginning of year	(650)
Balance at ending of year			(650)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	3,501
Balance at ending of year			3,501
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial and Industrial [Member]
Allowance for Loan Losses
Balance at beginning of year	(2,165)
Balance at ending of year			(2,165)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer [Member]
Allowance for Loan Losses
Balance at beginning of year	$ 170
Balance at ending of year			$ 170

Loans (CECL) - Additional Infor

Loans (CECL) - Additional Information (Detail) - Geneva in 2019 and Ossian State Bank in 2021 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretable yield related to acquisition	$ 6,300	$ 5,800
Reclassification from nonaccretable difference	$ 138

Loans - Analysis of Allowance f

Loans - Analysis of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	$ 21,575	$ 17,283	$ 17,283
Charge Offs	(122)	(94)	(827)
Recoveries	62	43	298
Provision for credit losses-loans	817	580	4,600
Provision for credit losses-off balance sheet credit exposures	62
Other Non-interest expense related to unfunded		35	221
Balance at ending of year		17,847	21,575
Ending balance: individually evaluated for impairment		1,535	1,996
Ending balance: collectively evaluated for impairment		16,312	19,579
Ending balance: loans acquired with deteriorated credit quality			0
FINANCING RECEIVABLES:
Ending balance	$ 2,446,652	1,962,220	2,356,387
Ending balance: individually evaluated for impairment		12,624	8,857
Ending balance: collectively evaluated for impairment		1,948,149	2,346,871
Ending balance: loans acquired with deteriorated credit quality		1,447	659
Cumulative Effect, Period of Adoption, Adjustment [Member]
ALLOWANCE FOR CREDIT LOSSES:
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	$ 998	857	857
Recoveries	7	5	20
Provision for credit losses-loans	(256)	30	121
Balance at ending of year		892	998
Ending balance: individually evaluated for impairment			6
Ending balance: collectively evaluated for impairment		892	992
Ending balance: loans acquired with deteriorated credit quality		0	0
FINANCING RECEIVABLES:
Ending balance	502,968	410,064	494,423
Ending balance: individually evaluated for impairment		692	569
Ending balance: collectively evaluated for impairment		408,694	493,449
Ending balance: loans acquired with deteriorated credit quality		678	405
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	349	1,040	1,040
Provision for credit losses-loans	26	(434)	(691)
Balance at ending of year		606	349
Ending balance: individually evaluated for impairment		273	0
Ending balance: collectively evaluated for impairment		333	349
Ending balance: loans acquired with deteriorated credit quality		0	0
FINANCING RECEIVABLES:
Ending balance	227,599	195,901	220,514
Ending balance: individually evaluated for impairment		6,670	2,280
Ending balance: collectively evaluated for impairment		189,033	218,039
Ending balance: loans acquired with deteriorated credit quality		198	195
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	751	709	709
Recoveries			7
Provision for credit losses-loans	(35)	135	35
Balance at ending of year		844	751
Ending balance: individually evaluated for impairment			0
Ending balance: collectively evaluated for impairment		844	751
Ending balance: loans acquired with deteriorated credit quality		0	0
FINANCING RECEIVABLES:
Ending balance	131,677	140,847	128,926
Ending balance: individually evaluated for impairment		20	152
Ending balance: collectively evaluated for impairment		140,827	128,774
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	11,924	9,130	9,130
Recoveries	2	2	9
Provision for credit losses-loans	661	441	2,785
Balance at ending of year		9,573	11,924
Ending balance: individually evaluated for impairment		632	438
Ending balance: collectively evaluated for impairment		8,941	11,486
Ending balance: loans acquired with deteriorated credit quality		0	0
FINANCING RECEIVABLES:
Ending balance	1,223,163	909,408	1,150,511
Ending balance: individually evaluated for impairment		4,097	4,108
Ending balance: collectively evaluated for impairment		905,076	1,146,389
Ending balance: loans acquired with deteriorated credit quality		235	14
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	5,382	3,847	3,847
Charge Offs		(6)	(418)
Recoveries	6	9	93
Provision for credit losses-loans	191	216	1,860
Balance at ending of year		4,066	5,382
Ending balance: individually evaluated for impairment		630	1,551
Ending balance: collectively evaluated for impairment		3,436	3,831
Ending balance: loans acquired with deteriorated credit quality		0	0
FINANCING RECEIVABLES:
Ending balance	270,857	248,362	272,119
Ending balance: individually evaluated for impairment		1,122	1,581
Ending balance: collectively evaluated for impairment		246,904	270,493
Ending balance: loans acquired with deteriorated credit quality		336	45
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	891	625	625
Charge Offs	(122)	(88)	(409)
Recoveries	47	27	169
Provision for credit losses-loans	230	59	506
Balance at ending of year		623	891
Ending balance: individually evaluated for impairment			1
Ending balance: collectively evaluated for impairment		623	890
Ending balance: loans acquired with deteriorated credit quality		0	0
FINANCING RECEIVABLES:
Ending balance	90,388	57,638	89,894
Ending balance: individually evaluated for impairment		23	167
Ending balance: collectively evaluated for impairment		57,615	89,727
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	18	34	34
Provision for credit losses-loans		133	(16)
Balance at ending of year		167	18
Ending balance: collectively evaluated for impairment		167	18
Ending balance: loans acquired with deteriorated credit quality		0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	1,262	1,041	1,041
Provision for credit losses-off balance sheet credit exposures	62
Other Non-interest expense related to unfunded		35	221
Balance at ending of year	2,228	1,076	1,262
Ending balance: collectively evaluated for impairment		1,076	1,262
Ending balance: loans acquired with deteriorated credit quality		$ 0	0
Unfunded Loan Commitment & Letters of Credit [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	$ 904
Balance at ending of year			$ 904

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	Mar. 01, 2023 USD ($) shares	Jun. 03, 2022 USD ($) Director shares	Jun. 04, 2021 USD ($) Director shares	Oct. 01, 2021 USD ($) shares
Earnings Per Share [Abstract]
Number of directors received shares | shares		240	272	68
Number of directors received shares | Director		12	10
Number of directors received prorated dollar value of shares | Director			4
Compensation annual basis committee award | $		$ 10,013	$ 6,000	$ 1,523
Restricted stock awards, Shares | shares	21,700
Restricted stock awards | $	$ 562,030,000

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income	$ 6,466	$ 8,102
Less: distributed earnings allocated to participating securities	(32)	(21)
Less: undistributed earnings allocated to participating securities	(33)	(48)
Net earnings available to common shareholders	$ 6,401	$ 8,033
Weighted average common shares outstanding including participating securities	13,615,655	13,066,272
Less: average unvested restricted shares	(136,185)	(111,165)
Weighted average common shares outstanding	13,479,470	12,955,107
Basic earnings per share	$ 0.47	$ 0.62
Diluted earnings per share	$ 0.47	$ 0.62

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial Assets:
Securities - available-for-sale	$ 372,975	$ 390,789
Financial Liabilities:
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,615	34,586
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	64,325	84,409
Interest-bearing time deposits	4,435	4,442
Securities - available-for-sale	372,975	390,789
Other securities	11,543	9,799
Loans held for sale	951	827
Loans, net	2,422,018	2,336,074
Interest receivable	11,472	10,440
Financial Liabilities:
Total Deposits	2,513,168	2,468,864
Federal funds purchased and securities sold under agreement to repurchase	30,496	54,206
Federal Home Loan Bank advances	164,327	127,485
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,615	34,586
Interest payable	2,587	1,739
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	64,325	84,409
Interest-bearing time deposits	4,417	4,440
Securities - available-for-sale	372,975	390,789
Other securities	11,543	9,799
Loans held for sale	937	815
Loans, net	2,262,480	2,171,152
Interest receivable	11,472	10,440
Financial Liabilities:
Total Deposits	2,501,940	2,454,475
Federal funds purchased and securities sold under agreement to repurchase	30,496	54,206
Federal Home Loan Bank advances	161,723	125,761
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	30,494	30,993
Interest payable	2,587	1,739
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	64,325	84,409
Securities - available-for-sale	87,512	94,678
Financial Liabilities:
Total Deposits	520,145	532,794
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	4,417	4,440
Securities - available-for-sale	282,323	292,766
Financial Liabilities:
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	30,494	30,993
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	3,140	3,345
Other securities	11,543	9,799
Loans held for sale	937	815
Loans, net	2,262,480	2,171,152
Interest receivable	11,472	10,440
Financial Liabilities:
Total Deposits	1,981,795	1,921,681
Federal funds purchased and securities sold under agreement to repurchase	30,496	54,206
Federal Home Loan Bank advances	161,723	125,761
Interest payable	2,587	1,739
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	1,391,084	1,378,090
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	1,391,020	1,377,944
Interest Bearing Deposits [Member] | Level 3 [Member]
Financial Liabilities:
Total Deposits	1,391,020	1,377,944
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	520,145	532,794
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	520,145	532,794
Non Interest Bearing Deposits [Member] | Level 1 [Member]
Financial Liabilities:
Total Deposits	520,145	532,794
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	601,939	557,980
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	590,775	543,737
Time Deposits [Member] | Level 3 [Member]
Financial Liabilities:
Total Deposits	$ 590,775	$ 543,737

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 372,975	$ 390,789
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	87,512	94,678
Level 1 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	87,512	94,678
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	282,323	292,766
Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	282,323	292,766
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	3,140	3,345
Level 3 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	3,140	3,345
U.S. Treasury [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	87,512	94,678
U.S. Treasury [Member] | Level 1 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	87,512	94,678
U.S. Government Agencies [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	130,108	139,767
U.S. Government Agencies [Member] | Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	130,108	139,767
Mortgage-backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	86,320	86,927
Mortgage-backed Securities [Member] | Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	86,320	86,927
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	69,035	69,417
State and Local Governments [Member] | Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	65,895	66,072
State and Local Governments [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	3,140	3,345
State and Local Governments [Member] | Level 3 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 3,140	$ 3,345

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Changes in the Level 3 Fair Value Category of Unobservable Inputs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
State and Local Governments Tax-Exempt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 2,071	$ 2,307
Change in Fair Value	$ 9	(39)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
Payments & Maturities	$ (245)	(160)
Reclassification & Adjustments	0	0
Ending Balance	1,835	2,108
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,274	2,466
Change in Fair Value	$ 31	(83)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
Payments & Maturities	$ 0	0
Reclassification & Adjustments	0	(989)
Ending Balance	1,305	1,394
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	3,345	4,773
Change in Fair Value	$ 40	(122)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
Payments & Maturities	$ (245)	(160)
Reclassification & Adjustments	0	(989)
Ending Balance	$ 3,140	$ 3,502

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) Security	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Security transfer from Level 3 to Level 2 | Security	1
Collateral dependent impaired loans categorized as Level 3		$ 8,857	$ 12,624
Level 3 [Member] | Collateral Dependent [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 9	$ 2,700

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 372,975	$ 390,789
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	69,035	69,417
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,140	3,345
Level 3 [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 3,140	$ 3,345
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Unobservable Inputs	us-gaap:MeasurementInputDiscountRateMember	us-gaap:MeasurementInputDiscountRateMember
Level 3 [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unobservable Inputs	us-gaap:MeasurementInputAppraisedValueMember	us-gaap:MeasurementInputAppraisedValueMember
Fair Value	$ 9	$ 2,667
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Level 3 [Member] | Minimum [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	3.15	2.08
Level 3 [Member] | Minimum [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	20	20
Level 3 [Member] | Weighted Average | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	4.10	4.38
Level 3 [Member] | Weighted Average | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	20	24.13
Level 3 [Member] | Maximum [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	4.53	5.01
Level 3 [Member] | Maximum [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	20	29.01

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Collateral Dependent Impaired Loans [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 9	$ 2,667
Fair Value on Nonrecurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	9	2,667
Fair Value on Nonrecurring Basis [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 9	$ 2,667

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Fees And Commissions Income [Abstract]
Federal funds purchased	$ 0	$ 22,573,000
Securities sold under agreements to repurchase	$ 30,500,000	$ 31,600,000

Federal Funds Purchased and S_4

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Schedule of Remaining Contractual Maturity in Repurchase Agreements (Detail) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased	$ 0	$ 22,573,000
Repurchase agreements, Remaining contractual maturity of the agreements	30,500,000	31,600,000
Total	30,496,000	54,206,000
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased		22,573,000
Total	1,528,000	23,688,000
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	28,968,000	30,518,000
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	30,496,000	31,633,000
US Treasury & Agency Securities [Member] | Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,528,000	1,115,000
US Treasury & Agency Securities [Member] | Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 28,968,000	$ 30,518,000

Subordinated Notes - Additional

Subordinated Notes - Additional Information (Detail) $ in Millions	Jul. 30, 2021 USD ($)
Debt Instrument [Line Items]
Debt instrument basis points	2.63%
Debt instrument, frequency of periodic payment	semi-annually
Term of loan	5 years
Redemption price of principal amount of notes redeemed	100%
Private Placement
Debt Instrument [Line Items]
Subordinated notes	$ 35
Fixed-to-floating interest rate	3.25%
Subordinated notes, due date	Jul. 30, 2031
Percentage of notes prices on principal amount	100%

Subordinated Notes - Schedule o

Subordinated Notes - Schedule of Subordinated Notes (Detail) - Subordinated Notes - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal	$ 35,000	$ 35,000
Unamortized Note Issuance Costs	$ (385)	$ (414)

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	Apr. 10, 2023	Mar. 31, 2023	Jan. 01, 2023
ASU 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]		true
Change in accounting principle, accounting standards update, adoption date		Jan. 01, 2023
Change in accounting principle, accounting standards update, immaterial effect [true false]		true
Current expected credit losses		$ 3,600	$ 26,043
Tax impact portion of deferred tax asset		1,100
ASU 2016-13 [Member] | Letter of credit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current expected credit losses		3,400
ASU 2016-13 [Member] | Unfunded loan commitment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current expected credit losses		$ 900
ASU 2022-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]		true
Change in accounting principle, accounting standards update, adoption date		Jan. 01, 2023
Subsequent Event
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Captives provision existence period	10 years
Subsequent Event | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of captive claims listed transaction loss ratio	65%
Percentage of captive claims transaction of interest loss ratio	70%

Recent Accounting Pronounceme_5

Recent Accounting Pronouncements - Schedule of Impact of Adopting ASU (Details) - ASU 2016-13 [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Jan. 01, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses	$ 3,600	$ 26,043
Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		21,575
Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		4,468
Residential Portfolio Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		3,872
Residential Portfolio Segment [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		998
Residential Portfolio Segment [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		2,874
Agriculture Real Estate [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		183
Agriculture Real Estate [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		349
Agriculture Real Estate [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		(166)
Agricultural Loan [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		101
Agricultural Loan [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		751
Agricultural Loan [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		(650)
Commercial Real Estate Portfolio Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		15,425
Commercial Real Estate Portfolio Segment [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		11,924
Commercial Real Estate Portfolio Segment [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		3,501
Commercial And Industrial And Industrial Development Bonds [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		3,217
Commercial And Industrial And Industrial Development Bonds [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		5,382
Commercial And Industrial And Industrial Development Bonds [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		(2,165)
Consumer Portfolio Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		1,079
Consumer Portfolio Segment [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		909
Consumer Portfolio Segment [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		170
Unfunded Loan Commitment And Letters Of Credit [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		2,166
Unfunded Loan Commitment And Letters Of Credit [Member] | Pre-ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		1,262
Unfunded Loan Commitment And Letters Of Credit [Member] | Impact of ASU 2016-13 Adoption [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Current Expected Credit Losses		$ 904