Farmers & Merchants Bancorp (FMAO) 10-Q 2 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
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		13,634,555
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	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 69,760	$ 83,085
Federal funds sold	1,433	1,324
Total cash and cash equivalents	71,193	84,409
Interest-bearing time deposits	3,485	4,442
Securities - available-for-sale	363,225	390,789
Other securities, at cost	17,535	9,799
Loans held for sale	1,459	827
Loans, net	2,490,883	2,336,074
Premises and equipment	30,398	28,381
Construction in progress	2,290	278
Goodwill	86,358	86,358
Loan servicing rights	5,635	3,549
Bank owned life insurance	33,470	33,073
Other assets	41,512	37,372
Total Assets	3,147,443	3,015,351
Deposits
Noninterest-bearing	488,678	532,794
Interest-bearing
NOW accounts	770,113	750,887
Savings	581,192	627,203
Time	628,757	557,980
Total deposits	2,468,740	2,468,864
Federal funds purchased and securities sold under agreements to repurchase	51,567	54,206
Federal Home Loan Bank (FHLB) advances	266,818	127,485
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,644	34,586
Dividend payable	2,834	2,832
Accrued expenses and other liabilities	18,177	19,238
Total liabilities	2,842,780	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	135,647	135,497
Treasury stock - 929,513 shares 6/30/23, 956,003 shares 12/31/22	(11,298)	(11,573)
Retained earnings	216,236	212,449
Accumulated other comprehensive loss	(35,922)	(38,233)
Total stockholders' equity	304,663	298,140
Total Liabilities and Stockholders' Equity	$ 3,147,443	$ 3,015,351

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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	929,513	956,003

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest Income
Loans, including fees	$ 31,365	$ 22,388	$ 61,068	$ 42,843
Debt securities:
U.S. Treasury and government agencies	1,030	1,035	2,098	2,058
Municipalities	401	322	809	622
Dividends	148	57	271	99
Federal funds sold	9	9	30	19
Other	424	100	903	169
Total interest income	33,377	23,911	65,179	45,810
Interest Expense
Deposits	10,434	1,379	18,585	2,739
Federal funds purchased and securities sold under agreements to repurchase	427	166	832	318
Borrowed funds	2,113	218	3,393	553
Subordinated notes	285	284	569	553
Total interest expense	13,259	2,047	23,379	4,163
Net Interest Income - Before Provision for Credit Losses*	20,118	21,864	41,800	41,647
Provision for Credit Losses-Loans*	143	1,628	960	2,208
Provision for Credit Losses-Off Balance Sheet Credit Exposures*	(129)		(67)
Net Interest Income After Provision for Credit Losses*	20,104	20,236	40,907	39,439
Noninterest Income
Net gain on sale of loans	108	164	175	861
Net loss on sale of available-for-sale securities			(891)
Total noninterest income	4,272	3,320	8,449	7,663
Noninterest Expense
Salaries and wages	6,500	5,366	13,157	10,868
Employee benefits	2,071	1,546	4,236	3,600
Net occupancy expense	840	522	1,696	1,120
Furniture and equipment	1,211	1,008	2,463	2,064
Data processing	796	654	1,522	1,258
Franchise taxes	379	757	745	1,175
ATM expense	683	544	1,306	1,076
Advertising	830	300	1,344	537
Net gain on sale of other assets owned		(266)		(271)
FDIC assessment	496	270	802	384
Servicing rights amortization - net	164	59	323	85
Consulting fees	231	233	461	411
Other general and administrative	2,643	2,242	5,720	4,421
Total noninterest expense	16,844	13,235	33,775	26,728
Income Before Income Taxes	7,532	10,321	15,581	20,374
Income Taxes	1,531	2,050	3,114	4,001
Net Income	$ 6,001	$ 8,271	$ 12,467	$ 16,373
Basic Earnings Per Share	$ 0.44	$ 0.63	$ 0.92	$ 1.25
Diluted Earnings Per Share	0.44	0.63	0.92	1.25
Dividends Declared	$ 0.21	$ 0.2025	$ 0.4200	$ 0.3925
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 2,361	$ 2,148	$ 4,808	$ 4,796
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 1,803	$ 1,008	$ 4,357	$ 2,006

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 6,001	$ 8,271	$ 12,467	$ 16,373
Other Comprehensive Income (Loss) (Net of Tax):
Net unrealized gain (loss) on available-for-sale securities	(5,996)	(14,602)	2,034	(35,541)
Reclassification adjustment for realized loss on sale of available-for-sale securities			891
Net unrealized gain (loss) on available-for-sale securities	(5,996)	(14,602)	2,925	(35,541)
Tax expense (benefit)	(1,260)	(3,067)	614	(7,464)
Other comprehensive income (loss)	(4,736)	(11,535)	2,311	(28,077)
Comprehensive Income (Loss)	$ 1,265	$ (3,264)	$ 14,778	$ (11,704)

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, 2021	297,167			$ 122,674		(11,724)		189,401			(3,184)
Beginning balance, shares at Dec. 31, 2021				13,066,233
Net income	16,373
Ending balance at Jun. 30, 2022	280,873			$ 123,145		(11,822)		200,811			(31,261)
Ending balance, shares at Jun. 30, 2022				13,065,825
Beginning balance at Mar. 31, 2022	286,478			$ 122,886		(11,739)		195,057			(19,726)
Beginning balance, shares at Mar. 31, 2022				13,066,083
Net income	8,271							8,271
Other comprehensive income (loss)	(11,535)										(11,535)
Purchase of treasury stock	(54)					(54)
Purchase of treasury stock, shares				(1,388)
Issuance of restricted stock (Net of forfeitures)				$ 40		(63)		23
Issuance of restricted stock (Net of forfeitures), Shares				(1,750)
Stock-based compensation expense	219			$ 219
Director stock award	120					34		86
Director stock awards, shares				2,880
Cash dividends declared	(2,626)							(2,626)
Ending balance at Jun. 30, 2022	280,873			$ 123,145		(11,822)		200,811			(31,261)
Ending balance, shares at Jun. 30, 2022				13,065,825
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
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	12,467
Ending balance at Jun. 30, 2023	304,663			$ 135,647		(11,298)		216,236			(35,922)
Ending balance, shares at Jun. 30, 2023				13,634,912
Beginning balance at Mar. 31, 2023	305,757			$ 135,241		(11,310)		213,012			(31,186)
Beginning balance, shares at Mar. 31, 2023				13,630,122
Net income	6,001							6,001
Other comprehensive income (loss)	(4,736)										(4,736)
Purchase of treasury stock	(5)					(5)
Purchase of treasury stock, shares				(208)
Issuance of restricted stock (Net of forfeitures)				$ 106		(93)		(13)
Issuance of restricted stock (Net of forfeitures), Shares				(4,050)
Stock-based compensation expense	300			$ 300
Director stock award	180					110		70
Director stock awards, shares				9,048
Cash dividends declared	(2,834)							(2,834)
Ending balance at Jun. 30, 2023	$ 304,663			$ 135,647		$ (11,298)		$ 216,236			$ (35,922)
Ending balance, shares at Jun. 30, 2023				13,634,912

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes to Stockholder's Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Cash dividends declared, per share	$ 0.21	$ 0.21	$ 0.2025	$ 0.19
Common Stock [Member]
Issuance of shares of restricted stock, Shares		21,700		500
Issuance of shares of restricted stock, forfeitures	4,050		1,750	650

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Cash Flows from Operating Activities
Net income			$ 12,467	$ 16,373
Adjustments to reconcile net income to net cash from operating activities:
Depreciation			1,667	1,418
Amortization of premiums on available-for-sale securities, net			778	1,108
Capitalized additions to servicing rights			(2,409)	(354)
Servicing rights amortization and impairment	$ 164	$ 59	323	85
Amortization of core deposit intangible			828	398
Amortization of customer list intangible			61	61
Net accretion of fair value adjustments			(1,901)	(2,070)
Amortization of subordinated note issuance costs			58	57
Stock-based compensation expense			606	432
Director stock award			180	120
Provision for credit losses-Loans	143	1,628	960	2,208	$ 4,600
Provision for credit losses-Off balance sheet credit exposures	(129)		(67)
Gain on sale of loans held for sale	(108)	(164)	(175)	(861)
Originations of loans held for sale			(14,980)	(47,063)
Proceeds from sale of loans held for sale			14,523	51,408
Gain on sale of other assets owned		(266)		(271)
Loss on sales of securities available-for-sale			891
Increase in cash surrender value of bank owned life insurance			(397)	(316)
Change in other assets and other liabilities, net			(6,648)	(298)
Net cash provided by operating activities			6,765	22,435
Activity in available-for-sale securities:
Maturities, prepayments and calls			6,856	19,479
Sales			21,963
Purchases				(25,884)
Activity in other securities, at cost:
Sales			399
Purchases			(8,135)	(573)
Change in interest-bearing time deposits			957	4,229
Proceeds from sale of other assets owned				430
Additions to premises and equipment			(5,719)	(984)
Loan originations and principal collections, net			(157,793)	(176,649)
Net cash used in investing activities			(141,472)	(179,952)
Cash Flows from Financing Activities
Net change in deposits			430	31,823
Net change in federal funds purchased and securities sold under agreements to repurchase			(2,639)	42,676
Proceeds from FHLB advances			345,000	20,000
Repayment of FHLB advances			(205,632)	(1,388)
Repayment of other borrowings			(10,000)	(40,000)
Purchase of treasury stock			(5)	(54)
Cash dividends paid on common stock			(5,663)	(4,924)
Net cash provided by financing activities			121,491	48,133
Net Decrease in Cash and Cash Equivalents			(13,216)	(109,384)
Cash and Cash Equivalents - Beginning of year			84,409	180,823	180,823
Cash and Cash Equivalents - End of period	$ 71,193	$ 71,439	71,193	71,439	$ 84,409
Supplemental cash flow information:
Interest paid			21,463	5,647
Income taxes paid			4,000	3,060
Supplemental noncash disclosures:
Cash dividends declared not paid			$ 2,834	$ 2,626

Basis of Presentation and Other

Basis of Presentation and Other	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2023 are not necessarily indicative of the results that are expected for the year ended December 31, 2023. The Condensed Consolidated Balance Sheet of the Company as of December 31, 2022, has been derived from the audited Condensed Consolidated Balance Sheet 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	6 Months Ended
	Jun. 30, 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 increased its deposit base in Sidney and the greater Shelby County and reduced transaction costs. The Company also expects to continue to reduce costs through economies of scale. 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 included 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 of the building is 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 Three Months Ended Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 741 $ - $ 798 $ - Additions 3 - 4 - Accretion ( 58 ) - ( 116 ) - Reclassification from - - - - Disposals ( 6 ) - ( 6 ) - Ending Balance $ 680 $ - $ 680 $ - 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 included 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 incorporated a valuation amount of $ 3.9 million which was 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 Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 3,906 $ 5,004 $ 4,236 $ 5,262 Additions 11 33 25 97 Accretion ( 345 ) ( 327 ) ( 689 ) ( 649 ) Reclassification from - - - - Disposals - - - - Ending Balance $ 3,572 $ 4,710 $ 3,572 $ 4,710 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 reduced 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 included 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 incorporated a valuation amount of $ 59 thousand which was accreted over 1.4 years. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended Three Months Ended Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 426 $ 601 $ 470 $ 645 Additions - - - - Accretion ( 44 ) ( 44 ) ( 88 ) ( 88 ) Reclassification from - - - - Disposals - - - - Ending Balance $ 382 $ 557 $ 382 $ 557 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 and six months ended June 30, 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) (in thousands of dollars, except per share data) Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Summary of Operations Net Interest Income - Before Provision $ 20,118 $ 23,097 $ 41,800 $ 44,063 Provision for Credit Losses 14 1,628 831 2,121 Net Interest Income After Provision 20,104 21,469 40,969 41,942 Noninterest Income 4,272 3,438 8,449 7,921 Noninterest Expense 16,756 14,344 33,653 28,839 Income Before Income Taxes 7,620 10,563 15,765 21,024 Income Taxes 1,549 2,071 3,151 4,093 Net Income $ 6,071 $ 8,492 $ 12,614 $ 16,931 Basic and Diluted Earnings Per Share $ 0.45 $ 0.63 $ 0.93 $ 1.25 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 and six months ended June 30, 2023 includes approximately $ 342 and $ 709 thousand, net of tax, respectively, 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 Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 681 $ 1,097 $ 785 $ 1,198 Additions 2 3 5 8 Accretion ( 108 ) ( 106 ) ( 215 ) ( 212 ) Reclassification from - - - - Disposals - - - - Ending Balance $ 575 $ 994 $ 575 $ 994 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 six months ended June 30, 2022 was $ 398 thousand. Of the approximately $ 1.7 million to be expensed in 2023 , $ 828 thousand has been expensed for the six months ended June 30, 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 provided 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 six months ended June 30, 2022 was $ 61 thousand. Of the $ 123 thousand to be expensed in 2023 , $ 61 thousand has been expensed for the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2023 and December 31, 2022, are as follows: (In Thousands) June 30, 2023 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 95,034 $ - $ ( 8,907 ) $ 86,127 U.S. Government agencies 144,048 - ( 16,157 ) 127,891 Mortgage-backed securities 95,366 - ( 13,710 ) 81,656 State and local governments 74,249 69 ( 6,767 ) 67,551 Total available-for-sale securities $ 408,697 $ 69 $ ( 45,541 ) $ 363,225 (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 the unrealized loss requires an allowance for credit losses on investment securities. No one item by itself will necessarily signal that an allowance for credit losses on investment securities should be established. 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. 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 unrealized loss is determined to be the result of a credit loss, 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 did not record an allowance for credit losses on its investment securities available for sale as the unrealized losses were attributable to changes in interest rates, not credit quality. Information pertaining to securities with gross unrealized losses at June 30, 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) June 30, 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 $ ( 11 ) $ 487 $ ( 8,896 ) $ 85,640 $ ( 8,907 ) $ 86,127 U.S. Government agencies - - ( 16,157 ) 127,891 ( 16,157 ) 127,891 Mortgage-backed securities ( 124 ) 2,826 ( 13,586 ) 78,830 ( 13,710 ) 81,656 State and local governments ( 364 ) 10,813 ( 6,403 ) 52,499 ( 6,767 ) 63,312 Total available-for-sale securities $ ( 499 ) $ 14,126 $ ( 45,042 ) $ 344,860 $ ( 45,541 ) $ 358,986 (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 and six months ended June 30, 2023 and June 30, 2022. Three Months Six Months (In Thousands) (In Thousands) 2023 2022 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 June 30, 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 $ 20,116 $ 19,736 After one year through five years 238,773 213,819 After five years through ten years 50,560 44,150 After ten years 3,882 3,864 Total $ 313,331 $ 281,569 Mortgage-backed securities 95,366 81,656 Total $ 408,697 $ 363,225 Investments with a carrying value of $ 242.5 million and $ 134.8 million at June 30, 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 $ 15.7 million as of June 30, 2023 and $ 8.1 million as of December 31, 2022 . Other securities also includes Ohio Equity Fund for Housing Limited Partnership funding of $ 1.8 million and $ 1.7 million out of a total of $ 4.0 million committed as of June 30, 2023 and December 31, 2022, respectively.

Loans

Loans	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Loans	NOTE 4 LOANS Loan balances as of June 30, 2023 and December 31, 2022 are summarized below: (In Thousands) Loans: June 30, 2023 December 31, 2022 Consumer Real Estate $ 506,866 $ 494,423 Agricultural Real Estate 230,837 220,819 Agricultural 128,344 128,733 Commercial Real Estate 1,280,902 1,152,603 Commercial and Industrial 253,444 242,360 Consumer 88,312 89,147 Other 28,996 29,818 2,517,701 2,357,903 Less: Net deferred loan fees and costs ( 1,908 ) ( 1,516 ) 2,515,793 2,356,387 Less: Allowance for credit losses ( 24,910 ) ( 20,313 ) Loans - Net $ 2,490,883 $ 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 June 30, 2023 and December 31, 2022 : (In Thousands) June 30, 2023 December 31, 2022 Fixed Variable Fixed Variable Consumer Real Estate $ 341,601 $ 165,265 $ 354,420 $ 140,003 Agricultural Real Estate 142,029 88,808 144,702 76,117 Agricultural 58,445 69,899 52,867 75,866 Commercial Real Estate 993,941 286,961 941,927 210,676 Commercial and Industrial 148,425 105,019 130,513 111,847 Consumer 88,247 65 88,972 175 Other 19,300 9,696 20,029 9,789 As of June 30, 2023 and December 31, 2022 one to four family residential mortgage loans amounting to $ 213.7 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. $ 11.0 million and $ 10.4 million of HELOCs were pledged as of June 30, 2023 and December 31, 2022 as well. During the second quarter of 2023 the Bank pledged eligible commercial real estate to the FHLB. At June 30, 2023 the amount pledged was $ 165.2 million. 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 June 30, 2023 and December 31, 2022, net of deferred loan fees and costs: June 30, 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 $ 1,287 $ 5 $ 443 $ 1,735 $ 505,107 $ 506,842 $ - Agricultural Real Estate 5,047 1 - 5,048 225,483 230,531 - Agricultural 750 462 - 1,212 127,381 128,593 - Commercial Real Estate 434 - 255 689 1,277,756 1,278,445 - Commercial and Industrial 26 - 855 881 281,363 282,244 - Consumer 29 30 60 119 89,019 89,138 - Total $ 7,573 $ 498 $ 1,613 $ 9,684 $ 2,506,109 $ 2,515,793 $ - 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 June 30, 2023 and the recorded investment of nonaccrual loans by class of loans as of December 31, 2022: (In Thousands) June 30, 2023 Nonaccrual Loans Past With No Due Over Allowance 89 Days for Credit Loss Nonaccrual Still Accruing Consumer Real Estate $ 808 $ 1,025 $ - Agricultural Real Estate 3,964 3,964 - Agricultural 56 56 - Commercial Real Estate 248 248 - Commercial & Industrial 97 934 - Consumer 68 68 - Total $ 5,241 $ 6,295 $ - (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 $ 74 thousand and $ 127 thousand of interest income on nonaccrual loans for the three and six months ending June 30, 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 June 30, 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 Consumer Real Estate Risk Rating Pass (1-4) $ 40,806 $ 99,239 $ 95,955 $ 86,022 $ 135,764 $ 457,786 $ 47,333 $ 505,119 Special Mention (5) - - - - 543 543 - 543 Substandard (6) - - 405 - 757 1,162 18 1,180 Doubtful (7) - - - - - - - - Total Consumer Real Estate $ 40,806 $ 99,239 $ 96,360 $ 86,022 $ 137,064 $ 459,491 $ 47,351 $ 506,842 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Real Estate Risk Rating Pass (1-4) $ 21,557 $ 40,186 $ 25,457 $ 26,773 $ 90,134 $ 204,107 $ 97 $ 204,204 Special Mention (5) - 171 13,135 - 5,776 19,082 - 19,082 Substandard (6) - 249 - 188 6,808 7,245 - 7,245 Doubtful (7) - - - - - - - - Total Agricultural Real Estate $ 21,557 $ 40,606 $ 38,592 $ 26,961 $ 102,718 $ 230,434 $ 97 $ 230,531 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Risk Rating Pass (1-4) $ 14,815 $ 25,059 $ 10,432 $ 5,167 $ 6,645 $ 62,118 $ 59,778 $ 121,896 Special Mention (5) 517 1,035 1,793 1,026 - 4,371 2,248 6,619 Substandard (6) - - - 78 - 78 - 78 Doubtful (7) - - - - - - - - Total Agricultural $ 15,332 $ 26,094 $ 12,225 $ 6,271 $ 6,645 $ 66,567 $ 62,026 $ 128,593 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 Commercial Real Estate Risk Rating Pass (1-4) $ 166,430 $ 440,265 $ 256,817 $ 130,716 $ 259,203 $ 1,253,431 $ - $ 1,253,431 Special Mention (5) - - - 10,571 1,283 11,854 - 11,854 Substandard (6) 1,118 - - 75 11,967 13,160 - 13,160 Doubtful (7) - - - - - - - - Total Commercial Real Estate $ 167,548 $ 440,265 $ 256,817 $ 141,362 $ 272,453 $ 1,278,445 $ - $ 1,278,445 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial & Industrial Risk Rating Pass (1-4) $ 40,307 $ 58,399 $ 30,851 $ 27,371 $ 5,770 $ 162,698 $ 86,104 $ 248,802 Special Mention (5) 197 4 221 155 464 1,041 202 1,243 Substandard (6) - 476 - 925 331 1,732 1,465 3,197 Doubtful (7) - - - - - - - Total Commercial & Industrial $ 40,504 $ 58,879 $ 31,072 $ 28,451 $ 6,565 $ 165,471 $ 87,771 $ 253,242 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Other Risk Rating Pass (1-4) $ - $ 200 $ 17,526 $ 6,179 $ 5,097 $ 29,002 $ - $ 29,002 Special Mention (5) - - - - - - - - Substandard (6) - - - - - - - - Doubtful (7) - - - - - - - - Total Other $ - $ 200 $ 17,526 $ 6,179 $ 5,097 $ 29,002 $ - $ 29,002 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - The following table presents payment performance as of June 30, 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 Consumer Payment Performance Performing $ 15,830 $ 49,158 $ 13,575 $ 6,751 $ 3,714 $ 89,028 $ 43 $ 89,071 Nonperforming - 7 60 - - 67 - 67 Total Consumer $ 15,830 $ 49,165 $ 13,635 $ 6,751 $ 3,714 $ 89,095 $ 43 $ 89,138 Gross charge-offs YTD $ 109 $ 24 $ 20 $ 29 $ - $ 182 $ - $ 182 The following table presents collateral-dependent loans grouped by collateral as of June 30, 2023: (In Thousands) Real Estate Consumer Real Estate $ 20 Agricultural Real Estate - Agricultural - Commercial Real Estate 25 Commercial & Industrial - Consumer - Total $ 45 Information about impaired loans as of December 31, 2022 and June 30, 2022 are presented for comparison purposes and are as follows: (In Thousands) December 31, 2022 June 30, 2022 Impaired loans without a valuation allowance $ 4,194 $ 5,680 Impaired loans with a valuation allowance 4,663 4,989 Total impaired loans $ 8,857 $ 10,669 Valuation allowance related to impaired loans $ 1,996 $ 2,419 Total non-accrual loans $ 4,689 $ 5,247 Total loans past-due ninety days or more and $ - $ - Quarter ended average investment in impaired $ 9,660 $ 9,748 Year to date average investment in impaired $ 10,710 $ 11,258 The Bank had approximately $ 3.6 million of its impaired loans classified as troubled debt restructured (TDR) as of December 31, 2022 and $ 2.7 million as of June 30, 2022. Under ASC 310-40, TDRs were eliminated from being classified as such for 2023 and will no longer be reported as such. 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 three months ended June 30, 2023 one new loan was considered a modification to a borrower experiencing financial difficulty. During the second quarter of 2022, there were no new loans considered TDR. The modification during the second quarter of 2023 consisted of refinancing at a higher balance to a borrower experiencing financial difficulty that would not have otherwise been granted to a borrower. The amount of the new money increase to the loan balance was $ 411 thousand. No additional funds are being advanced. For the three months ended June 30, 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 and six months ended June 30, 2022 and for the year ended December 31, 2022. (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 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 $ 657 $ 657 $ - $ 390 $ 1 $ 4 Agricultural Real Estate 2,414 2,518 - 2,247 6 3 Agricultural 1,296 1,296 - 445 - 1 Commercial Real Estate 1,148 1,148 - 1,323 7 14 Commercial and Industrial 145 145 - 207 - 10 Consumer 20 20 - 20 - - With a specific allowance recorded: Consumer Real Estate - - - - - - Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 2,985 2,985 573 3,105 38 - Commercial and Industrial 2,004 2,004 1,846 2,011 52 - Consumer - - - - - - Totals: Consumer Real Estate $ 657 $ 657 $ - $ 390 $ 1 $ 4 Agricultural Real Estate $ 2,414 $ 2,518 $ - $ 2,247 $ 6 $ 3 Agricultural $ 1,296 $ 1,296 $ - $ 445 $ - $ 1 Commercial Real Estate $ 4,133 $ 4,133 $ 573 $ 4,428 $ 45 $ 14 Commercial and Industrial $ 2,149 $ 2,149 $ 1,846 $ 2,218 $ 52 $ 10 Consumer $ 20 $ 20 $ - $ 20 $ - $ - (In Thousands) YTD YTD YTD Interest Six Months Ended June 30, 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 $ 657 $ 657 $ - $ 381 $ 2 $ 6 Agricultural Real Estate 2,414 2,518 - 1,696 13 5 Agricultural 1,296 1,296 - 233 - 1 Commercial Real Estate 1,148 1,148 - 991 11 19 Commercial and Industrial 145 145 - 231 2 10 Consumer 20 20 - 19 1 - With a specific allowance recorded: Consumer Real Estate - - - - - - Agricultural Real Estate - - - 2,775 - - Agricultural - - - - - - Commercial Real Estate 2,985 2,985 573 3,426 74 - Commercial and Industrial 2,004 2,004 1,846 1,502 65 - Consumer - - - 4 - - Totals: Consumer Real Estate $ 657 $ 657 $ - $ 381 $ 2 $ 6 Agricultural Real Estate $ 2,414 $ 2,518 $ - $ 4,471 $ 13 $ 5 Agricultural $ 1,296 $ 1,296 $ - $ 233 $ - $ 1 Commercial Real Estate $ 4,133 $ 4,133 $ 573 $ 4,417 $ 85 $ 19 Commercial and Industrial $ 2,149 $ 2,149 $ 1,846 $ 1,733 $ 67 $ 10 Consumer $ 20 $ 20 $ - $ 23 $ 1 $ - (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 June 30, 2023 , the Company had no foreclosed residential real estate property obtained by physical possession and $ 95 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 June 30, 2022 , the Company had no foreclosed residential real estate property obtained by physical possession and $ 72 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 June 30, 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 tables break 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 for the three and six months ended June 30, 2023: (In Thousands) Consumer Agricultural Agricultural Commercial Commercial Consumer Total Three Months Ended June 30, 2023 ALLOWANCE FOR CREDIT LOSSES Beginning balance $ 3,623 $ 209 $ 66 $ 16,088 $ 3,414 $ 1,234 $ 24,634 Provision for credit losses - loans 369 ( 76 ) 41 590 ( 653 ) ( 128 ) 143 Charge-offs - - - - - ( 60 ) ( 60 ) Recoveries 6 104 - 3 6 74 193 Ending Balance $ 3,998 $ 237 $ 107 $ 16,681 $ 2,767 $ 1,120 $ 24,910 (In Thousands) Consumer Agricultural Agricultural Commercial Commercial Consumer Total Six Months Ended June 30, 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 113 ( 50 ) 6 1,251 ( 462 ) 102 960 Charge-offs - - - - - ( 182 ) ( 182 ) Recoveries 13 104 - 5 12 121 255 Ending Balance $ 3,998 $ 237 $ 107 $ 16,681 $ 2,767 $ 1,120 $ 24,910 The following tables break down the activity in the AULC for the three and six months ended June 30, 2023: (In Thousands) Unfunded Three Months Ended June 30, 2023 ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT Beginning balance $ 2,228 Provision for credit losses - off balance sheet credit exposures ( 129 ) Charge-offs - Recoveries - Ending Balance $ 2,099 (In Thousands) Unfunded Six Months Ended June 30, 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 ( 67 ) Charge-offs - Recoveries - Ending Balance $ 2,099 Additional analysis, presented in thousands, related to the ALLL for the three and six months ended June 30, 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 June 30, 2022 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 892 $ 606 $ 844 $ 9,573 $ 4,066 $ 623 $ 1,076 $ 167 $ 17,847 Charge Offs - - - - - ( 117 ) - - ( 117 ) Recoveries 4 - - 3 65 70 - - 142 Provision (Credit) 43 ( 260 ) ( 90 ) 851 1,234 ( 9 ) - ( 141 ) 1,628 Other Non-interest expense related to - - - - - - 91 - 91 Ending Balance $ 939 $ 346 $ 754 $ 10,427 $ 5,365 $ 567 $ 1,167 $ 26 $ 19,591 Ending balance: individually evaluated $ - $ - $ - $ - $ 2,419 $ - $ - $ - $ 2,419 Ending balance: collectively evaluated $ 939 $ 346 $ 754 $ 10,427 $ 2,946 $ 567 $ 1,167 $ 26 $ 17,172 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 410,468 $ 199,650 $ 127,340 $ 977,588 $ 264,124 $ 55,648 $ - $ - $ 2,034,818 Ending balance: individually evaluated $ 657 $ 2,414 $ 1,296 $ 4,133 $ 2,149 $ 20 $ - $ - $ 10,669 Ending balance: collectively evaluated $ 409,318 $ 197,039 $ 126,044 $ 973,258 $ 261,854 $ 55,628 $ - $ - $ 2,023,141 Ending balance: loans acquired with $ 493 $ 197 $ - $ 197 $ 121 $ - $ - $ - $ 1,008 Consumer Agricultural Agricultural Commercial Commercial Consumer Unfunded Unallocated Total Six Months Ended June 30, 2022 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Charge Offs - - - - ( 6 ) ( 205 ) - - ( 211 ) Recoveries 9 - - 5 74 97 - - 185 Provision (Credit) 73 ( 694 ) 45 1,292 1,450 50 - ( 8 ) 2,208 Other Non-interest expense related to - - - - - - 126 - 126 Ending Balance $ 939 $ 346 $ 754 $ 10,427 $ 5,365 $ 567 $ 1,167 $ 26 $ 19,591 Ending balance: individually evaluated $ - $ - $ - $ - $ 2,419 $ - $ - $ - $ 2,419 Ending balance: collectively evaluated $ 939 $ 346 $ 754 $ 10,427 $ 2,946 $ 567 $ 1,167 $ 26 $ 17,172 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 410,468 $ 199,650 $ 127,340 $ 977,588 $ 264,124 $ 55,648 $ - $ - $ 2,034,818 Ending balance: individually evaluated $ 657 $ 2,414 $ 1,296 $ 4,133 $ 2,149 $ 20 $ - $ - $ 10,669 Ending balance: collectively evaluated $ 409,318 $ 197,039 $ 126,044 $ 973,258 $ 261,854 $ 55,628 $ - $ - $ 2,023,141 Ending balance: loans acquired with $ 493 $ 197 $ - $ 197 $ 121 $ - $ - $ - $ 1,008 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 End

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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. On June 2, 2023, twelve Directors each received $ 14,997 which equated to 754 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 Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Earnings per share Net income $ 6,001 $ 8,271 $ 12,467 $ 16,373 Less: distributed earnings allocated to participating ( 31 ) ( 21 ) ( 62 ) ( 42 ) Less: undistributed earnings allocated to participating ( 35 ) ( 48 ) ( 69 ) ( 96 ) Net earnings available to common shareholders $ 5,935 $ 8,202 $ 12,336 $ 16,235 Weighted average common shares outstanding including 13,632,440 13,065,975 13,624,094 13,066,123 Less: average unvested restricted shares ( 150,065 ) ( 108,849 ) ( 143,163 ) ( 110,004 ) Weighted average common shares outstanding 13,482,375 12,957,126 13,480,931 12,956,119 Basic and diluted earnings per share $ 0.44 $ 0.63 $ 0.92 $ 1.25

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 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. 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 June 30, 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) June 30, 2023 Quoted Prices in Significant Significant Assets - (Securities Available-for-Sale) U.S. Treasury $ 86,127 $ - $ - U.S. Government agencies - 127,891 - Mortgage-backed securities - 81,656 - State and local governments - 64,442 3,109 Total Securities Available-for-Sale $ 86,127 $ 273,989 $ 3,109 (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 and six month periods ended June 30, 2023 and June 30, 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 April 1, 2023 $ 1,835 $ 1,305 $ 3,140 Change in Fair Value ( 4 ) ( 27 ) ( 31 ) Payments & Maturities - - - Reclassification & Adjustments - - - Balance at June 30, 2023 $ 1,831 $ 1,278 $ 3,109 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Tax-Exempt Taxable Total Balance at April 1, 2022 $ 2,108 $ 1,394 $ 3,502 Change in Fair Value ( 19 ) ( 69 ) ( 88 ) Payments & Maturities - - - Reclassification & Adjustments - - - Balance at June 30, 2022 $ 2,089 $ 1,325 $ 3,414 (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 5 4 9 Payments & Maturities ( 245 ) - ( 245 ) Reclassification & Adjustments - - - Balance at June 30, 2023 $ 1,831 $ 1,278 $ 3,109 (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 ( 58 ) ( 152 ) ( 210 ) Payments & Maturities ( 160 ) - ( 160 ) Reclassification & Adjustments - ( 989 ) ( 989 ) Balance at June 30, 2022 $ 2,089 $ 1,325 $ 3,414 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 June 30, 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 June 30, 2023 and December 31, 2022 , fair value of collateral dependent loans categorized as Level 3 was $ 45 thousand and $ 2.7 million, respectively. During 2023, impairment was recognized on real estate servicing rights based upon the independent third party's quarterly valuation. A valuation allowance was established by strata to quantify the likely impairment of the value of the real estate servicing rights to the Company. If the carrying amount of an individual strata exceeds the fair value, impairment was recorded on that strata so the servicing asset was carried at fair value. Impairment was $ 2 thousand at June 30, 2023. There was no impairment at December 31, 2022. 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 June 30, 2023 Valuation Technique Unobservable Inputs Average) State and local government $ 3,109 Discounted Cash Flow Credit strength of underlying project or Discount rate 3.49 - 5.48 % ( 4.78 %) Collateral dependent 45 Collateral based Discount to reflect current market 25.00 - 25.00 % ( 25.00 %) Real estate servicing rights 39 Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate 4.03 - 4.65 % ( 4.63 %) (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 %) Real estate servicing rights - Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate - The following table presents assets measured at fair value on a nonrecurring basis at June 30, 2023 and December 31, 2022: (In Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at June 30, 2023 Balance at Quoted Prices Significant Significant Collateral dependent $ 45 $ - $ - $ 45 Real estate servicing rights 39 - - 39 (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 The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of June 30, 2023 and December 31, 2022 are reflected below. (In Thousands) June 30, 2023 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 71,193 $ 71,193 $ 71,193 $ - $ - Interest-bearing time deposits 3,485 3,473 - 3,473 - Securities - available-for-sale 363,225 363,225 86,127 273,989 3,109 Other securities 17,535 17,535 - - 17,535 Loans held for sale 1,459 1,437 - - 1,437 Loans, net 2,490,883 2,316,031 - - 2,316,031 Interest receivable 11,145 11,145 - - 11,145 Financial Liabilities: Interest bearing deposits $ 1,351,305 $ 1,351,263 $ - $ - $ 1,351,263 Non-interest bearing deposits 488,678 488,678 488,678 - - Time deposits 628,757 616,958 - - 616,958 Total Deposits 2,468,740 2,456,899 488,678 - 1,968,221 Federal funds purchased and securities sold under 51,567 51,567 - - 51,567 Federal Home Loan Bank advances 266,818 263,316 - - 263,316 Other borrowings - - - - - Subordinated notes, net of unamortized issuance costs 34,644 29,070 - 29,070 - Interest payable 3,655 3,655 - - 3,655 (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

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	6 Months Ended
	Jun. 30, 2023
Broker-Dealer [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 $ 21 million federal funds purchased as of June 30, 2023 and $ 22.6 million as of December 31, 2022 . During the same time periods, the Company had $ 30.6 million and $ 31.6 million in securities sold under agreement to repurchase. June 30, 2023 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 days Greater Than Total Federal funds purchased $ 21,000 $ - $ - $ - $ 21,000 Repurchase agreements US Treasury & agency securities $ 1,599 $ - $ - $ 28,968 $ 30,567 Total $ 22,599 $ - $ - $ 28,968 $ 51,567 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	6 Months Ended
	Jun. 30, 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. June 30, 2023 December 31, 2022 (In Thousands) Principal Unamortized Note Issuance Costs Principal Unamortized Note Issuance Costs Subordinated Notes $ 35,000 $ ( 356 ) $ 35,000 $ ( 414 )

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 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 allowance for loan losses 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." 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 allowance for loan losses 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." 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)	6 Months Ended
	Jun. 30, 2023
Business Acquisition [Line Items]
Schedule of Pro-forma Results	The following schedule includes pro-forma results for the three and six months ended June 30, 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) (in thousands of dollars, except per share data) Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Summary of Operations Net Interest Income - Before Provision $ 20,118 $ 23,097 $ 41,800 $ 44,063 Provision for Credit Losses 14 1,628 831 2,121 Net Interest Income After Provision 20,104 21,469 40,969 41,942 Noninterest Income 4,272 3,438 8,449 7,921 Noninterest Expense 16,756 14,344 33,653 28,839 Income Before Income Taxes 7,620 10,563 15,765 21,024 Income Taxes 1,549 2,071 3,151 4,093 Net Income $ 6,071 $ 8,492 $ 12,614 $ 16,931 Basic and Diluted Earnings Per Share $ 0.45 $ 0.63 $ 0.93 $ 1.25
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 Three Months Ended Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 741 $ - $ 798 $ - Additions 3 - 4 - Accretion ( 58 ) - ( 116 ) - Reclassification from - - - - Disposals ( 6 ) - ( 6 ) - Ending Balance $ 680 $ - $ 680 $ -
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 Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 3,906 $ 5,004 $ 4,236 $ 5,262 Additions 11 33 25 97 Accretion ( 345 ) ( 327 ) ( 689 ) ( 649 ) Reclassification from - - - - Disposals - - - - Ending Balance $ 3,572 $ 4,710 $ 3,572 $ 4,710
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 Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 426 $ 601 $ 470 $ 645 Additions - - - - Accretion ( 44 ) ( 44 ) ( 88 ) ( 88 ) Reclassification from - - - - Disposals - - - - Ending Balance $ 382 $ 557 $ 382 $ 557
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 Six Months Ended Six Months Ended (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 681 $ 1,097 $ 785 $ 1,198 Additions 2 3 5 8 Accretion ( 108 ) ( 106 ) ( 215 ) ( 212 ) Reclassification from - - - - Disposals - - - - Ending Balance $ 575 $ 994 $ 575 $ 994

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2023 and December 31, 2022, are as follows: (In Thousands) June 30, 2023 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 95,034 $ - $ ( 8,907 ) $ 86,127 U.S. Government agencies 144,048 - ( 16,157 ) 127,891 Mortgage-backed securities 95,366 - ( 13,710 ) 81,656 State and local governments 74,249 69 ( 6,767 ) 67,551 Total available-for-sale securities $ 408,697 $ 69 $ ( 45,541 ) $ 363,225 (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 June 30, 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) June 30, 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 $ ( 11 ) $ 487 $ ( 8,896 ) $ 85,640 $ ( 8,907 ) $ 86,127 U.S. Government agencies - - ( 16,157 ) 127,891 ( 16,157 ) 127,891 Mortgage-backed securities ( 124 ) 2,826 ( 13,586 ) 78,830 ( 13,710 ) 81,656 State and local governments ( 364 ) 10,813 ( 6,403 ) 52,499 ( 6,767 ) 63,312 Total available-for-sale securities $ ( 499 ) $ 14,126 $ ( 45,042 ) $ 344,860 $ ( 45,541 ) $ 358,986 (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 and six months ended June 30, 2023 and June 30, 2022. Three Months Six Months (In Thousands) (In Thousands) 2023 2022 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 June 30, 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 $ 20,116 $ 19,736 After one year through five years 238,773 213,819 After five years through ten years 50,560 44,150 After ten years 3,882 3,864 Total $ 313,331 $ 281,569 Mortgage-backed securities 95,366 81,656 Total $ 408,697 $ 363,225

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Loans	Loan balances as of June 30, 2023 and December 31, 2022 are summarized below: (In Thousands) Loans: June 30, 2023 December 31, 2022 Consumer Real Estate $ 506,866 $ 494,423 Agricultural Real Estate 230,837 220,819 Agricultural 128,344 128,733 Commercial Real Estate 1,280,902 1,152,603 Commercial and Industrial 253,444 242,360 Consumer 88,312 89,147 Other 28,996 29,818 2,517,701 2,357,903 Less: Net deferred loan fees and costs ( 1,908 ) ( 1,516 ) 2,515,793 2,356,387 Less: Allowance for credit losses ( 24,910 ) ( 20,313 ) Loans - Net $ 2,490,883 $ 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 June 30, 2023 and December 31, 2022 : (In Thousands) June 30, 2023 December 31, 2022 Fixed Variable Fixed Variable Consumer Real Estate $ 341,601 $ 165,265 $ 354,420 $ 140,003 Agricultural Real Estate 142,029 88,808 144,702 76,117 Agricultural 58,445 69,899 52,867 75,866 Commercial Real Estate 993,941 286,961 941,927 210,676 Commercial and Industrial 148,425 105,019 130,513 111,847 Consumer 88,247 65 88,972 175 Other 19,300 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 June 30, 2023 and December 31, 2022, net of deferred loan fees and costs: June 30, 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 $ 1,287 $ 5 $ 443 $ 1,735 $ 505,107 $ 506,842 $ - Agricultural Real Estate 5,047 1 - 5,048 225,483 230,531 - Agricultural 750 462 - 1,212 127,381 128,593 - Commercial Real Estate 434 - 255 689 1,277,756 1,278,445 - Commercial and Industrial 26 - 855 881 281,363 282,244 - Consumer 29 30 60 119 89,019 89,138 - Total $ 7,573 $ 498 $ 1,613 $ 9,684 $ 2,506,109 $ 2,515,793 $ - 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 June 30, 2023 and the recorded investment of nonaccrual loans by class of loans as of December 31, 2022: (In Thousands) June 30, 2023 Nonaccrual Loans Past With No Due Over Allowance 89 Days for Credit Loss Nonaccrual Still Accruing Consumer Real Estate $ 808 $ 1,025 $ - Agricultural Real Estate 3,964 3,964 - Agricultural 56 56 - Commercial Real Estate 248 248 - Commercial & Industrial 97 934 - Consumer 68 68 - Total $ 5,241 $ 6,295 $ - (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 June 30, 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 Consumer Real Estate Risk Rating Pass (1-4) $ 40,806 $ 99,239 $ 95,955 $ 86,022 $ 135,764 $ 457,786 $ 47,333 $ 505,119 Special Mention (5) - - - - 543 543 - 543 Substandard (6) - - 405 - 757 1,162 18 1,180 Doubtful (7) - - - - - - - - Total Consumer Real Estate $ 40,806 $ 99,239 $ 96,360 $ 86,022 $ 137,064 $ 459,491 $ 47,351 $ 506,842 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Real Estate Risk Rating Pass (1-4) $ 21,557 $ 40,186 $ 25,457 $ 26,773 $ 90,134 $ 204,107 $ 97 $ 204,204 Special Mention (5) - 171 13,135 - 5,776 19,082 - 19,082 Substandard (6) - 249 - 188 6,808 7,245 - 7,245 Doubtful (7) - - - - - - - - Total Agricultural Real Estate $ 21,557 $ 40,606 $ 38,592 $ 26,961 $ 102,718 $ 230,434 $ 97 $ 230,531 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Risk Rating Pass (1-4) $ 14,815 $ 25,059 $ 10,432 $ 5,167 $ 6,645 $ 62,118 $ 59,778 $ 121,896 Special Mention (5) 517 1,035 1,793 1,026 - 4,371 2,248 6,619 Substandard (6) - - - 78 - 78 - 78 Doubtful (7) - - - - - - - - Total Agricultural $ 15,332 $ 26,094 $ 12,225 $ 6,271 $ 6,645 $ 66,567 $ 62,026 $ 128,593 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 Commercial Real Estate Risk Rating Pass (1-4) $ 166,430 $ 440,265 $ 256,817 $ 130,716 $ 259,203 $ 1,253,431 $ - $ 1,253,431 Special Mention (5) - - - 10,571 1,283 11,854 - 11,854 Substandard (6) 1,118 - - 75 11,967 13,160 - 13,160 Doubtful (7) - - - - - - - - Total Commercial Real Estate $ 167,548 $ 440,265 $ 256,817 $ 141,362 $ 272,453 $ 1,278,445 $ - $ 1,278,445 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial & Industrial Risk Rating Pass (1-4) $ 40,307 $ 58,399 $ 30,851 $ 27,371 $ 5,770 $ 162,698 $ 86,104 $ 248,802 Special Mention (5) 197 4 221 155 464 1,041 202 1,243 Substandard (6) - 476 - 925 331 1,732 1,465 3,197 Doubtful (7) - - - - - - - Total Commercial & Industrial $ 40,504 $ 58,879 $ 31,072 $ 28,451 $ 6,565 $ 165,471 $ 87,771 $ 253,242 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Other Risk Rating Pass (1-4) $ - $ 200 $ 17,526 $ 6,179 $ 5,097 $ 29,002 $ - $ 29,002 Special Mention (5) - - - - - - - - Substandard (6) - - - - - - - - Doubtful (7) - - - - - - - - Total Other $ - $ 200 $ 17,526 $ 6,179 $ 5,097 $ 29,002 $ - $ 29,002 Gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - The following table presents payment performance as of June 30, 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 Consumer Payment Performance Performing $ 15,830 $ 49,158 $ 13,575 $ 6,751 $ 3,714 $ 89,028 $ 43 $ 89,071 Nonperforming - 7 60 - - 67 - 67 Total Consumer $ 15,830 $ 49,165 $ 13,635 $ 6,751 $ 3,714 $ 89,095 $ 43 $ 89,138 Gross charge-offs YTD $ 109 $ 24 $ 20 $ 29 $ - $ 182 $ - $ 182
Collateral-dependent Loans	The following table presents collateral-dependent loans grouped by collateral as of June 30, 2023: (In Thousands) Real Estate Consumer Real Estate $ 20 Agricultural Real Estate - Agricultural - Commercial Real Estate 25 Commercial & Industrial - Consumer - Total $ 45
Schedule of Impaired Loans	Information about impaired loans as of December 31, 2022 and June 30, 2022 are presented for comparison purposes and are as follows: (In Thousands) December 31, 2022 June 30, 2022 Impaired loans without a valuation allowance $ 4,194 $ 5,680 Impaired loans with a valuation allowance 4,663 4,989 Total impaired loans $ 8,857 $ 10,669 Valuation allowance related to impaired loans $ 1,996 $ 2,419 Total non-accrual loans $ 4,689 $ 5,247 Total loans past-due ninety days or more and $ - $ - Quarter ended average investment in impaired $ 9,660 $ 9,748 Year to date average investment in impaired $ 10,710 $ 11,258
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 and six months ended June 30, 2022 and for the year ended December 31, 2022. (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 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 $ 657 $ 657 $ - $ 390 $ 1 $ 4 Agricultural Real Estate 2,414 2,518 - 2,247 6 3 Agricultural 1,296 1,296 - 445 - 1 Commercial Real Estate 1,148 1,148 - 1,323 7 14 Commercial and Industrial 145 145 - 207 - 10 Consumer 20 20 - 20 - - With a specific allowance recorded: Consumer Real Estate - - - - - - Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 2,985 2,985 573 3,105 38 - Commercial and Industrial 2,004 2,004 1,846 2,011 52 - Consumer - - - - - - Totals: Consumer Real Estate $ 657 $ 657 $ - $ 390 $ 1 $ 4 Agricultural Real Estate $ 2,414 $ 2,518 $ - $ 2,247 $ 6 $ 3 Agricultural $ 1,296 $ 1,296 $ - $ 445 $ - $ 1 Commercial Real Estate $ 4,133 $ 4,133 $ 573 $ 4,428 $ 45 $ 14 Commercial and Industrial $ 2,149 $ 2,149 $ 1,846 $ 2,218 $ 52 $ 10 Consumer $ 20 $ 20 $ - $ 20 $ - $ - (In Thousands) YTD YTD YTD Interest Six Months Ended June 30, 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 $ 657 $ 657 $ - $ 381 $ 2 $ 6 Agricultural Real Estate 2,414 2,518 - 1,696 13 5 Agricultural 1,296 1,296 - 233 - 1 Commercial Real Estate 1,148 1,148 - 991 11 19 Commercial and Industrial 145 145 - 231 2 10 Consumer 20 20 - 19 1 - With a specific allowance recorded: Consumer Real Estate - - - - - - Agricultural Real Estate - - - 2,775 - - Agricultural - - - - - - Commercial Real Estate 2,985 2,985 573 3,426 74 - Commercial and Industrial 2,004 2,004 1,846 1,502 65 - Consumer - - - 4 - - Totals: Consumer Real Estate $ 657 $ 657 $ - $ 381 $ 2 $ 6 Agricultural Real Estate $ 2,414 $ 2,518 $ - $ 4,471 $ 13 $ 5 Agricultural $ 1,296 $ 1,296 $ - $ 233 $ - $ 1 Commercial Real Estate $ 4,133 $ 4,133 $ 573 $ 4,417 $ 85 $ 19 Commercial and Industrial $ 2,149 $ 2,149 $ 1,846 $ 1,733 $ 67 $ 10 Consumer $ 20 $ 20 $ - $ 23 $ 1 $ - (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 June 30, 2023 ALLOWANCE FOR CREDIT LOSSES Beginning balance $ 3,623 $ 209 $ 66 $ 16,088 $ 3,414 $ 1,234 $ 24,634 Provision for credit losses - loans 369 ( 76 ) 41 590 ( 653 ) ( 128 ) 143 Charge-offs - - - - - ( 60 ) ( 60 ) Recoveries 6 104 - 3 6 74 193 Ending Balance $ 3,998 $ 237 $ 107 $ 16,681 $ 2,767 $ 1,120 $ 24,910 (In Thousands) Consumer Agricultural Agricultural Commercial Commercial Consumer Total Six Months Ended June 30, 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 113 ( 50 ) 6 1,251 ( 462 ) 102 960 Charge-offs - - - - - ( 182 ) ( 182 ) Recoveries 13 104 - 5 12 121 255 Ending Balance $ 3,998 $ 237 $ 107 $ 16,681 $ 2,767 $ 1,120 $ 24,910 The following tables break down the activity in the AULC for the three and six months ended June 30, 2023: (In Thousands) Unfunded Three Months Ended June 30, 2023 ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT Beginning balance $ 2,228 Provision for credit losses - off balance sheet credit exposures ( 129 ) Charge-offs - Recoveries - Ending Balance $ 2,099 (In Thousands) Unfunded Six Months Ended June 30, 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 ( 67 ) Charge-offs - Recoveries - Ending Balance $ 2,099 Additional analysis, presented in thousands, related to the ALLL for the three and six months ended June 30, 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 June 30, 2022 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 892 $ 606 $ 844 $ 9,573 $ 4,066 $ 623 $ 1,076 $ 167 $ 17,847 Charge Offs - - - - - ( 117 ) - - ( 117 ) Recoveries 4 - - 3 65 70 - - 142 Provision (Credit) 43 ( 260 ) ( 90 ) 851 1,234 ( 9 ) - ( 141 ) 1,628 Other Non-interest expense related to - - - - - - 91 - 91 Ending Balance $ 939 $ 346 $ 754 $ 10,427 $ 5,365 $ 567 $ 1,167 $ 26 $ 19,591 Ending balance: individually evaluated $ - $ - $ - $ - $ 2,419 $ - $ - $ - $ 2,419 Ending balance: collectively evaluated $ 939 $ 346 $ 754 $ 10,427 $ 2,946 $ 567 $ 1,167 $ 26 $ 17,172 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 410,468 $ 199,650 $ 127,340 $ 977,588 $ 264,124 $ 55,648 $ - $ - $ 2,034,818 Ending balance: individually evaluated $ 657 $ 2,414 $ 1,296 $ 4,133 $ 2,149 $ 20 $ - $ - $ 10,669 Ending balance: collectively evaluated $ 409,318 $ 197,039 $ 126,044 $ 973,258 $ 261,854 $ 55,628 $ - $ - $ 2,023,141 Ending balance: loans acquired with $ 493 $ 197 $ - $ 197 $ 121 $ - $ - $ - $ 1,008 Consumer Agricultural Agricultural Commercial Commercial Consumer Unfunded Unallocated Total Six Months Ended June 30, 2022 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Charge Offs - - - - ( 6 ) ( 205 ) - - ( 211 ) Recoveries 9 - - 5 74 97 - - 185 Provision (Credit) 73 ( 694 ) 45 1,292 1,450 50 - ( 8 ) 2,208 Other Non-interest expense related to - - - - - - 126 - 126 Ending Balance $ 939 $ 346 $ 754 $ 10,427 $ 5,365 $ 567 $ 1,167 $ 26 $ 19,591 Ending balance: individually evaluated $ - $ - $ - $ - $ 2,419 $ - $ - $ - $ 2,419 Ending balance: collectively evaluated $ 939 $ 346 $ 754 $ 10,427 $ 2,946 $ 567 $ 1,167 $ 26 $ 17,172 Ending balance: loans acquired with $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 410,468 $ 199,650 $ 127,340 $ 977,588 $ 264,124 $ 55,648 $ - $ - $ 2,034,818 Ending balance: individually evaluated $ 657 $ 2,414 $ 1,296 $ 4,133 $ 2,149 $ 20 $ - $ - $ 10,669 Ending balance: collectively evaluated $ 409,318 $ 197,039 $ 126,044 $ 973,258 $ 261,854 $ 55,628 $ - $ - $ 2,023,141 Ending balance: loans acquired with $ 493 $ 197 $ - $ 197 $ 121 $ - $ - $ - $ 1,008 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)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Calculation of Basic Earnings Per Share	(In thousands of dollars, except per share data) Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Earnings per share Net income $ 6,001 $ 8,271 $ 12,467 $ 16,373 Less: distributed earnings allocated to participating ( 31 ) ( 21 ) ( 62 ) ( 42 ) Less: undistributed earnings allocated to participating ( 35 ) ( 48 ) ( 69 ) ( 96 ) Net earnings available to common shareholders $ 5,935 $ 8,202 $ 12,336 $ 16,235 Weighted average common shares outstanding including 13,632,440 13,065,975 13,624,094 13,066,123 Less: average unvested restricted shares ( 150,065 ) ( 108,849 ) ( 143,163 ) ( 110,004 ) Weighted average common shares outstanding 13,482,375 12,957,126 13,480,931 12,956,119 Basic and diluted earnings per share $ 0.44 $ 0.63 $ 0.92 $ 1.25

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Financial Assets Measured at Fair Value on Recurring Basis	The following summarizes financial assets measured at fair value on a recurring basis as of June 30, 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) June 30, 2023 Quoted Prices in Significant Significant Assets - (Securities Available-for-Sale) U.S. Treasury $ 86,127 $ - $ - U.S. Government agencies - 127,891 - Mortgage-backed securities - 81,656 - State and local governments - 64,442 3,109 Total Securities Available-for-Sale $ 86,127 $ 273,989 $ 3,109 (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 and six month periods ended June 30, 2023 and June 30, 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 April 1, 2023 $ 1,835 $ 1,305 $ 3,140 Change in Fair Value ( 4 ) ( 27 ) ( 31 ) Payments & Maturities - - - Reclassification & Adjustments - - - Balance at June 30, 2023 $ 1,831 $ 1,278 $ 3,109 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Tax-Exempt Taxable Total Balance at April 1, 2022 $ 2,108 $ 1,394 $ 3,502 Change in Fair Value ( 19 ) ( 69 ) ( 88 ) Payments & Maturities - - - Reclassification & Adjustments - - - Balance at June 30, 2022 $ 2,089 $ 1,325 $ 3,414 (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 5 4 9 Payments & Maturities ( 245 ) - ( 245 ) Reclassification & Adjustments - - - Balance at June 30, 2023 $ 1,831 $ 1,278 $ 3,109 (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 ( 58 ) ( 152 ) ( 210 ) Payments & Maturities ( 160 ) - ( 160 ) Reclassification & Adjustments - ( 989 ) ( 989 ) Balance at June 30, 2022 $ 2,089 $ 1,325 $ 3,414
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 June 30, 2023 Valuation Technique Unobservable Inputs Average) State and local government $ 3,109 Discounted Cash Flow Credit strength of underlying project or Discount rate 3.49 - 5.48 % ( 4.78 %) Collateral dependent 45 Collateral based Discount to reflect current market 25.00 - 25.00 % ( 25.00 %) Real estate servicing rights 39 Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate 4.03 - 4.65 % ( 4.63 %) (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 %) Real estate servicing rights - Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate -
Assets Measured at Fair Value on Nonrecurring Basis	The following table presents assets measured at fair value on a nonrecurring basis at June 30, 2023 and December 31, 2022: (In Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at June 30, 2023 Balance at Quoted Prices Significant Significant Collateral dependent $ 45 $ - $ - $ 45 Real estate servicing rights 39 - - 39 (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
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 June 30, 2023 and December 31, 2022 are reflected below. (In Thousands) June 30, 2023 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 71,193 $ 71,193 $ 71,193 $ - $ - Interest-bearing time deposits 3,485 3,473 - 3,473 - Securities - available-for-sale 363,225 363,225 86,127 273,989 3,109 Other securities 17,535 17,535 - - 17,535 Loans held for sale 1,459 1,437 - - 1,437 Loans, net 2,490,883 2,316,031 - - 2,316,031 Interest receivable 11,145 11,145 - - 11,145 Financial Liabilities: Interest bearing deposits $ 1,351,305 $ 1,351,263 $ - $ - $ 1,351,263 Non-interest bearing deposits 488,678 488,678 488,678 - - Time deposits 628,757 616,958 - - 616,958 Total Deposits 2,468,740 2,456,899 488,678 - 1,968,221 Federal funds purchased and securities sold under 51,567 51,567 - - 51,567 Federal Home Loan Bank advances 266,818 263,316 - - 263,316 Other borrowings - - - - - Subordinated notes, net of unamortized issuance costs 34,644 29,070 - 29,070 - Interest payable 3,655 3,655 - - 3,655 (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

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)	6 Months Ended
	Jun. 30, 2023
Broker-Dealer [Abstract]
Schedule of Remaining Contractual Maturity in Repurchase Agreements	June 30, 2023 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 days Greater Than Total Federal funds purchased $ 21,000 $ - $ - $ - $ 21,000 Repurchase agreements US Treasury & agency securities $ 1,599 $ - $ - $ 28,968 $ 30,567 Total $ 22,599 $ - $ - $ 28,968 $ 51,567 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)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Subordinated Notes	June 30, 2023 December 31, 2022 (In Thousands) Principal Unamortized Note Issuance Costs Principal Unamortized Note Issuance Costs Subordinated Notes $ 35,000 $ ( 356 ) $ 35,000 $ ( 414 )

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Tables)	6 Months Ended
	Jun. 30, 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	6 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	Jun. 30, 2023 USD ($) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 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		14,564,425
Goodwill						$ 86,358,000	$ 86,358,000		$ 86,358,000
Pro-forma operating revenue, net of tax						342,000	709,000
Amortization expense							828,000	$ 398,000
Core Deposits [Member]
Business Acquisition [Line Items]
Amortization expense							828,000	398,000
Amortization expense for 2023						1,656,000	1,656,000
Customer Lists [Member]
Business Acquisition [Line Items]
Amortization expense							61,000	$ 61,000
Amortization expense for 2023						123,000	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	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		$ 22.4
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	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	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	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	$ 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	Jun. 30, 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		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Peoples Federal Savings and Loan [Member]
Business Acquisition [Line Items]
Beginning Balance	$ 741		$ 798
Additions	3		4
Accretion	(58)		(116)
Disposals	(6)		(6)
Ending Balance	680		680		$ 798
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Beginning Balance	3,906	$ 5,004	4,236	$ 5,262	5,262
Additions	11	33	25	97
Accretion	(345)	(327)	(689)	(649)
Ending Balance	3,572	4,710	3,572	4,710	4,236
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Beginning Balance	426	601	470	645	645
Accretion	(44)	(44)	(88)	(88)
Ending Balance	382	557	382	557	470
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Beginning Balance	681	1,097	785	1,198	1,198
Additions	2	3	5	8
Accretion	(108)	(106)	(215)	(212)
Ending Balance	$ 575	$ 994	$ 575	$ 994	$ 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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Summary of Operations
Net Interest Income - Before Provision for Credit Losses	$ 20,118	$ 23,097	$ 41,800	$ 44,063
Provision for Credit Losses	14	1,628	831	2,121
Net Interest Income After Provision for Credit Losses	20,104	21,469	40,969	41,942
Noninterest Income	4,272	3,438	8,449	7,921
Noninterest Expense	16,756	14,344	33,653	28,839
Income Before Income Taxes	7,620	10,563	15,765	21,024
Income Taxes	1,549	2,071	3,151	4,093
Net Income	$ 6,071	$ 8,492	$ 12,614	$ 16,931
Basic and Diluted Earnings Per Share	$ 0.45	$ 0.63	$ 0.93	$ 1.25

Business Combination and Asse_8

Business Combination and Asset Purchase - Schedule of Annual Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Jun. 30, 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	Jun. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 408,697	$ 439,186
Gross Unrealized Gains	69	69
Gross Unrealized Losses	(45,541)	(48,466)
Fair Value	363,225	390,789
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	95,034	104,507
Gross Unrealized Losses	(8,907)	(9,829)
Fair Value	86,127	94,678
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	144,048	156,817
Gross Unrealized Losses	(16,157)	(17,050)
Fair Value	127,891	139,767
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	95,366	101,068
Gross Unrealized Losses	(13,710)	(14,141)
Fair Value	81,656	86,927
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	74,249	76,794
Gross Unrealized Gains	69	69
Gross Unrealized Losses	(6,767)	(7,446)
Fair Value	$ 67,551	$ 69,417

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Investments pledged, carrying value	$ 242,500	$ 134,800
Other securities	17,535	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	15,700	8,100
Ohio Equity Fund for Housing Limited Partnership [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	$ 1,800	$ 1,700

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses, Aggregated by Investment Category and Length of Time (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (499)	$ (6,965)
Fair Value, Less Than Twelve Months	14,126	99,357
Gross Unrealized Losses, Twelve Months and Over	(45,042)	(41,501)
Fair Value, Twelve Months and Over	344,860	286,095
Gross Unrealized Losses, Total	(45,541)	(48,466)
Fair Value, Total	358,986	385,452
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(11)	(207)
Fair Value, Less Than Twelve Months	487	9,121
Gross Unrealized Losses, Twelve Months and Over	(8,896)	(9,622)
Fair Value, Twelve Months and Over	85,640	85,557
Gross Unrealized Losses, Total	(8,907)	(9,829)
Fair Value, Total	86,127	94,678
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months		(1,081)
Fair Value, Less Than Twelve Months		24,560
Gross Unrealized Losses, Twelve Months and Over	(16,157)	(15,969)
Fair Value, Twelve Months and Over	127,891	114,906
Gross Unrealized Losses, Total	(16,157)	(17,050)
Fair Value, Total	127,891	139,466
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(124)	(2,454)
Fair Value, Less Than Twelve Months	2,826	26,905
Gross Unrealized Losses, Twelve Months and Over	(13,586)	(11,687)
Fair Value, Twelve Months and Over	78,830	60,022
Gross Unrealized Losses, Total	(13,710)	(14,141)
Fair Value, Total	81,656	86,927
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(364)	(3,223)
Fair Value, Less Than Twelve Months	10,813	38,771
Gross Unrealized Losses, Twelve Months and Over	(6,403)	(4,223)
Fair Value, Twelve Months and Over	52,499	25,610
Gross Unrealized Losses, Total	(6,767)	(7,446)
Fair Value, Total	$ 63,312	$ 64,381

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Debt Securities, Available-for-Sale, 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	Jun. 30, 2023	Dec. 31, 2022
Available-for-Sale Securities, Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 20,116
Amortized Cost, After one year through five years	238,773
Amortized Cost, After five years through ten years	50,560
Amortized Cost, After ten years	3,882
Amortized Cost, Total	313,331
Amortized Cost, Mortgage-backed securities	95,366
Amortized Cost	408,697	$ 439,186
Fair Value, One year or less	19,736
Fair Value, After one year through five years	213,819
Fair Value, After five years through ten years	44,150
Fair Value, After ten years	3,864
Fair Value, Total	281,569
Fair Value, Mortgage-backed securities	81,656
Total, Fair Value	$ 363,225	$ 390,789

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Loans:
Loans - Gross	$ 2,517,701		$ 2,357,903
Less: Net deferred loan fees and costs	(1,908)		(1,516)
Loans after net deferred loan fees and costs	2,515,793		2,356,387	$ 2,034,818
Less: Allowance for loan losses	(24,910)	$ (24,634)	(20,313)
Loans - Net	2,490,883		2,336,074
Consumer Real Estate [Member]
Loans:
Loans - Gross	506,866		494,423
Loans after net deferred loan fees and costs	506,842		494,423	410,468
Less: Allowance for loan losses	(3,998)	(3,623)	(998)
Agricultural Real Estate [Member]
Loans:
Loans - Gross	230,837		220,819
Loans after net deferred loan fees and costs	230,531		220,514	199,650
Less: Allowance for loan losses	(237)	(209)	(349)
Agricultural [Member]
Loans:
Loans - Gross	128,344		128,733
Loans after net deferred loan fees and costs	128,593		128,926	127,340
Less: Allowance for loan losses	(107)	(66)	(751)
Commercial Real Estate [Member]
Loans:
Loans - Gross	1,280,902		1,152,603
Loans after net deferred loan fees and costs	1,278,445		1,150,511	977,588
Less: Allowance for loan losses	(16,681)	(16,088)	(11,924)
Commercial and Industrial [Member]
Loans:
Loans - Gross	253,444		242,360
Loans after net deferred loan fees and costs			242,301
Consumer [Member]
Loans:
Loans - Gross	88,312		89,147
Loans after net deferred loan fees and costs	89,138		89,894	$ 55,648
Less: Allowance for loan losses	(1,120)	$ (1,234)	(909)
Other Loan [Member]
Loans:
Loans - Gross	$ 28,996		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	Jun. 30, 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	$ 341,601	$ 354,420
Distribution of variable rate loans by major loan category, Variable Rate	165,265	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	142,029	144,702
Distribution of variable rate loans by major loan category, Variable Rate	88,808	76,117
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	58,445	52,867
Distribution of variable rate loans by major loan category, Variable Rate	69,899	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	993,941	941,927
Distribution of variable rate loans by major loan category, Variable Rate	286,961	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	148,425	130,513
Distribution of variable rate loans by major loan category, Variable Rate	105,019	111,847
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	88,247	88,972
Distribution of variable rate loans by major loan category, Variable Rate	65	175
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	19,300	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	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan			$ 659	$ 1,008
Loans	$ 2,517,701		2,357,903
Allowance for loan losses	24,910	$ 24,634	20,313
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	253,444		242,360
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan			14	$ 197
Loans	1,280,902		1,152,603
Allowance for loan losses	16,681	$ 16,088	11,924
Asset Pledged as Collateral without Right [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan	11,000		10,400
Asset Pledged as Collateral without Right [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan	165,200
Asset Pledged as Collateral without Right [Member] | Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan	$ 213,700		$ 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	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,515,793	$ 2,356,387	$ 2,034,818
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	7,573	3,197
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	498	674
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,613	2,154
Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	9,684	6,025
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,506,109	2,350,362
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	506,842
Loans after net deferred loan fees and costs	506,842	494,423	410,468
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,287	1,536
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5	635
Consumer Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	443	90
Consumer Real Estate [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,735	2,261
Consumer Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	505,107	492,162
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	230,531	220,514	199,650
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,047	118
Agricultural Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1	2
Agricultural Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		1,550
Agricultural Real Estate [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,048	1,670
Agricultural Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	225,483	218,844
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	128,593
Loans after net deferred loan fees and costs	128,593	128,926	127,340
Agricultural [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	750	433
Agricultural [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	462
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	1,212	585
Agricultural [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	127,381	128,341
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,278,445
Loans after net deferred loan fees and costs	1,278,445	1,150,511	977,588
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	434	74
Commercial Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	255	180
Commercial Real Estate [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	689	254
Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,277,756	1,150,257
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	282,244	272,119	264,124
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	26	953
Commercial and Industrial [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	855	182
Commercial and Industrial [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	881	1,135
Commercial and Industrial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	281,363	270,984
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	89,138	89,894	$ 55,648
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	29	83
Consumer [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	30	37
Consumer [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	60
Consumer [Member] | Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	119	120
Consumer [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 89,019	$ 89,774

Loans - Amortized Cost of Nonac

Loans - Amortized Cost of Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		$ 4,689	$ 5,247
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	$ 5,241
Nonaccrual With No Allowance For Credit Loss [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	808
Nonaccrual With No Allowance For Credit Loss [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	3,964
Nonaccrual With No Allowance For Credit Loss [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	56
Nonaccrual With No Allowance For Credit Loss [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	248
Nonaccrual With No Allowance For Credit Loss [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	97
Nonaccrual With No Allowance For Credit Loss [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	68
Nonaccrual [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	6,295
Nonaccrual [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,025
Nonaccrual [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	3,964
Nonaccrual [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	56
Nonaccrual [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	248
Nonaccrual [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	934
Nonaccrual [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 68

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Nonaccrual [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income on nonaccrual loans	$ 74	$ 127
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	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,515,793	$ 2,356,387	$ 2,034,818
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	230,531	220,514	199,650
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	128,593	128,926	127,340
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,278,445	1,150,511	$ 977,588
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	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,515,793	$ 2,356,387	$ 2,034,818
Performing		659	1,008
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	$ 506,842	494,423	410,468
Performing		405	$ 493
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	Jun. 30, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Gross charge-offs - fiscal year 2023	$ 109
Gross charge-offs - fiscal year 2022	24
Gross charge-offs - fiscal year 2021	20
Gross charge-offs - fiscal year 2020	29
Gross charge-offs - Term Total	182
Gross charge-offs - Grand Total	182
Consumer Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	40,806
2022	99,239
2021	96,360
2020	86,022
Prior	137,064
Term Total	459,491
Revolving Loans Amortized Cost Basis	47,351
Grand Total	506,842
Consumer Real Estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	40,806
2022	99,239
2021	95,955
2020	86,022
Prior	135,764
Term Total	457,786
Revolving Loans Amortized Cost Basis	47,333
Grand Total	505,119
Consumer Real Estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	543
Term Total	543
Grand Total	543
Consumer Real Estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	405
Prior	757
Term Total	1,162
Revolving Loans Amortized Cost Basis	18
Grand Total	1,180
Agricultural Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	21,557
2022	40,606
2021	38,592
2020	26,961
Prior	102,718
Term Total	230,434
Revolving Loans Amortized Cost Basis	97
Grand Total	230,531
Agricultural Real Estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	21,557
2022	40,186
2021	25,457
2020	26,773
Prior	90,134
Term Total	204,107
Revolving Loans Amortized Cost Basis	97
Grand Total	204,204
Agricultural Real Estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	171
2021	13,135
Prior	5,776
Term Total	19,082
Grand Total	19,082
Agricultural Real Estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	249
2020	188
Prior	6,808
Term Total	7,245
Grand Total	7,245
Agricultural [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	15,332
2022	26,094
2021	12,225
2020	6,271
Prior	6,645
Term Total	66,567
Revolving Loans Amortized Cost Basis	62,026
Grand Total	128,593
Agricultural [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	14,815
2022	25,059
2021	10,432
2020	5,167
Prior	6,645
Term Total	62,118
Revolving Loans Amortized Cost Basis	59,778
Grand Total	121,896
Agricultural [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	517
2022	1,035
2021	1,793
2020	1,026
Term Total	4,371
Revolving Loans Amortized Cost Basis	2,248
Grand Total	6,619
Agricultural [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	78
Term Total	78
Grand Total	78
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	167,548
2022	440,265
2021	256,817
2020	141,362
Prior	272,453
Term Total	1,278,445
Grand Total	1,278,445
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	166,430
2022	440,265
2021	256,817
2020	130,716
Prior	259,203
Term Total	1,253,431
Grand Total	1,253,431
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	10,571
Prior	1,283
Term Total	11,854
Grand Total	11,854
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,118
2020	75
Prior	11,967
Term Total	13,160
Grand Total	13,160
Commercial & Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	40,504
2022	58,879
2021	31,072
2020	28,451
Prior	6,565
Term Total	165,471
Revolving Loans Amortized Cost Basis	87,771
Grand Total	253,242
Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	40,307
2022	58,399
2021	30,851
2020	27,371
Prior	5,770
Term Total	162,698
Revolving Loans Amortized Cost Basis	86,104
Grand Total	248,802
Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	197
2022	4
2021	221
2020	155
Prior	464
Term Total	1,041
Revolving Loans Amortized Cost Basis	202
Grand Total	1,243
Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	476
2020	925
Prior	331
Term Total	1,732
Revolving Loans Amortized Cost Basis	1,465
Grand Total	3,197
Consumer [Member] | Payment Performance [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	15,830
2022	49,165
2021	13,635
2020	6,751
Prior	3,714
Term Total	89,095
Revolving Loans Amortized Cost Basis	43
Grand Total	89,138
Consumer [Member] | Performing [Member] | Payment Performance [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	15,830
2022	49,158
2021	13,575
2020	6,751
Prior	3,714
Term Total	89,028
Revolving Loans Amortized Cost Basis	43
Grand Total	89,071
Consumer [Member] | Nonperforming [Member] | Payment Performance [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	7
2021	60
Term Total	67
Grand Total	67
Other Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	200
2021	17,526
2020	6,179
Prior	5,097
Term Total	29,002
Grand Total	29,002
Other Loan [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	200
2021	17,526
2020	6,179
Prior	5,097
Term Total	29,002
Grand Total	$ 29,002

Loans - Schedule of Collateral-

Loans - Schedule of Collateral-dependent Loans (Detail) $ in Thousands	Jun. 30, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	$ 45
Consumer Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	20
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	$ 25

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2022
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 4,194	$ 5,680	$ 5,680	$ 4,194
Impaired loans with a valuation allowance	4,663	4,989	4,989	4,663
Total impaired loans	8,857	10,669	10,669	8,857
Valuation allowance related to impaired loans	1,996	2,419	2,419	1,996
Total non-accrual loans	4,689	5,247	5,247	4,689
Total loans past-due ninety days or more and still accruing	0	0	0	0
Average investment in impaired loans	$ 9,660	$ 9,748	$ 11,258	$ 10,710

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)		3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jun. 30, 2023 USD ($) Contract	Jun. 30, 2022 USD ($) Contract Loan	Jun. 30, 2023 USD ($) Contract	Jun. 30, 2022 USD ($) Contract	Mar. 31, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans classified as troubled debt restructured			$ 2,700,000		$ 2,700,000			$ 3,600,000
Number of contracts modified		1	0
Term of loan	5 years
Allowance for loan losses		$ 24,910,000		$ 24,910,000		$ 24,634,000		20,313,000
Modifications to borrower experiencing financial difficulty | Contract		0	0	0	0
Increase in loan		$ 411,000
Additional funds advanced with imapired loans		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		237,000		$ 237,000		209,000		349,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		16,681,000		16,681,000		16,088,000		11,924,000
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		3,998,000		3,998,000		$ 3,623,000		998,000
Foreclosed residential real estate property		0	$ 0	0	$ 0			0
Residential real estate properties foreclosure proceedings		$ 95,000	$ 72,000	$ 95,000	$ 72,000			$ 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		0

Loans - Loans Individually Eval

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 4,194	$ 5,680	$ 5,680	$ 4,194
With a specific allowance recorded, Recorded Investment	4,663	4,989	4,989	4,663
Related Allowance	1,996	2,419	2,419	1,996
Recorded Investment	8,857	10,669	10,669	8,857
Average Recorded Investment	9,660	9,748	11,258	10,710
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	509	657	657	509
With no related allowance recorded, Unpaid Principal Balance	509	657	657	509
With no related allowance recorded, Average Recorded Investment		390	381	355
With no related allowance recorded, Interest Income Recognized		1	2	5
With no related allowance recorded, Interest Income Recognized Cash Basis		4	6	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	657	657	569
Unpaid Principal Balance	569	657	657	569
Average Recorded Investment		390	381	370
Interest Income Recognized		1	2	5
Interest Income Recognized Cash Basis		4	6	13
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,280	2,414	2,414	2,280
With no related allowance recorded, Unpaid Principal Balance	2,385	2,518	2,518	2,385
With no related allowance recorded, Average Recorded Investment		2,247	1,696	2,048
With no related allowance recorded, Interest Income Recognized		6	13	25
With no related allowance recorded, Interest Income Recognized Cash Basis		3	5	6
With a specific allowance recorded, Average Recorded Investment			2,775	1,388
Recorded Investment	2,280	2,414	2,414	2,280
Unpaid Principal Balance	2,385	2,518	2,518	2,385
Average Recorded Investment		2,247	4,471	3,436
Interest Income Recognized		6	13	25
Interest Income Recognized Cash Basis		3	5	6
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	152	1,296	1,296	152
With no related allowance recorded, Unpaid Principal Balance	152	1,296	1,296	152
With no related allowance recorded, Average Recorded Investment		445	233	588
With no related allowance recorded, Interest Income Recognized Cash Basis		1	1	2
Recorded Investment	152	1,296	1,296	152
Unpaid Principal Balance	152	1,296	1,296	152
Average Recorded Investment		445	233	588
Interest Income Recognized Cash Basis		1	1	2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	1,234	1,148	1,148	1,234
With no related allowance recorded, Unpaid Principal Balance	1,272	1,148	1,148	1,272
With no related allowance recorded, Average Recorded Investment		1,323	991	1,252
With no related allowance recorded, Interest Income Recognized		7	11	29
With no related allowance recorded, Interest Income Recognized Cash Basis		14	19	43
With a specific allowance recorded, Recorded Investment	2,874	2,985	2,985	2,874
With a specific allowance recorded, Unpaid Principal Balance	2,874	2,985	2,985	2,874
Related Allowance	438	573	573	438
With a specific allowance recorded, Average Recorded Investment		3,105	3,426	3,176
With a specific allowance recorded, Interest Income Recognized		38	74	150
Recorded Investment	4,108	4,133	4,133	4,108
Unpaid Principal Balance	4,146	4,133	4,133	4,146
Average Recorded Investment		4,428	4,417	4,428
Interest Income Recognized		45	85	179
Interest Income Recognized Cash Basis		14	19	43
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	17	145	145	17
With no related allowance recorded, Unpaid Principal Balance	417	145	145	417
With no related allowance recorded, Average Recorded Investment		207	231	135
With no related allowance recorded, Interest Income Recognized			2	2
With no related allowance recorded, Interest Income Recognized Cash Basis		10	10	10
With a specific allowance recorded, Recorded Investment	1,564	2,004	2,004	1,564
With a specific allowance recorded, Unpaid Principal Balance	1,564	2,004	2,004	1,564
Related Allowance	1,551	1,846	1,846	1,551
With a specific allowance recorded, Average Recorded Investment		2,011	1,502	1,736
With a specific allowance recorded, Interest Income Recognized		52	65	149
With a specific allowance recorded, Interest Income Recognized Cash Basis				23
Recorded Investment	1,581	2,149	2,149	1,581
Unpaid Principal Balance	1,981	2,149	2,149	1,981
Average Recorded Investment		2,218	1,733	1,871
Interest Income Recognized		52	67	151
Interest Income Recognized Cash Basis		10	10	33
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2	20	20	2
With no related allowance recorded, Unpaid Principal Balance	2	20	20	2
With no related allowance recorded, Average Recorded Investment		20	19	15
With no related allowance recorded, Interest Income Recognized			1	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			4	2
Recorded Investment	167	20	20	167
Unpaid Principal Balance	$ 167	20	20	167
Average Recorded Investment		$ 20	23	17
Interest Income Recognized			$ 1	$ 1

Loans - Summary of Activities i

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Allowance for Loan Losses
Balance at beginning of year	$ 24,634		$ 20,313
Provision for credit losses-Loans	143	$ 1,628	960	$ 2,208	$ 4,600
Charge Offs	(60)	(117)	(182)	(211)	(827)
Recoveries	193	142	255	185	298
Balance at ending of year	24,910		24,910		20,313
Consumer Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	3,623		998
Provision for credit losses-Loans	369	43	113	73	121
Recoveries	6	4	13	9	20
Balance at ending of year	3,998		3,998		998
Agricultural Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	209		349
Provision for credit losses-Loans	(76)	(260)	(50)	(694)	(691)
Recoveries	104		104
Balance at ending of year	237		237		349
Agricultural [Member]
Allowance for Loan Losses
Balance at beginning of year	66		751
Provision for credit losses-Loans	41	(90)	6	45	35
Recoveries					7
Balance at ending of year	107		107		751
Commercial Real Estate [Member]
Allowance for Loan Losses
Balance at beginning of year	16,088		11,924
Provision for credit losses-Loans	590	851	1,251	1,292	2,785
Recoveries	3	3	5	5	9
Balance at ending of year	16,681		16,681		11,924
Commercial and Industrial [Member]
Allowance for Loan Losses
Balance at beginning of year	3,414		5,382
Provision for credit losses-Loans	(653)	1,234	(462)	1,450	1,860
Charge Offs				(6)	(418)
Recoveries	6	65	12	74	93
Balance at ending of year	2,767		2,767		5,382
Consumer [Member]
Allowance for Loan Losses
Balance at beginning of year	1,234		909
Provision for credit losses-Loans	(128)	(9)	102	50	506
Charge Offs	(60)	(117)	(182)	(205)	(409)
Recoveries	74	$ 70	121	$ 97	169
Balance at ending of year	$ 1,120		1,120		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	Jun. 30, 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		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		$ 17,847	$ 21,575	$ 17,283	$ 17,283
Charge Offs	$ (60)	(117)	(182)	(211)	(827)
Recoveries	193	142	255	185	298
Provision for credit losses-loans	143	1,628	960	2,208	4,600
Provision for credit losses-off balance sheet credit exposures	(129)		(67)
Other Non-interest expense related to unfunded		91		126	221
Balance at ending of year		19,591		19,591	21,575
Ending balance: individually evaluated for impairment		2,419		2,419	1,996
Ending balance: collectively evaluated for impairment		17,172		17,172	19,579
Ending balance: loans acquired with deteriorated credit quality					0
FINANCING RECEIVABLES:
Ending balance	2,515,793	2,034,818	$ 2,515,793	2,034,818	2,356,387
Ending balance: individually evaluated for impairment		10,669		10,669	8,857
Ending balance: collectively evaluated for impairment		2,023,141		2,023,141	2,346,871
Ending balance: loans acquired with deteriorated credit quality		1,008		1,008	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		892	$ 998	857	857
Recoveries	6	4	13	9	20
Provision for credit losses-loans	369	43	113	73	121
Balance at ending of year		939		939	998
Ending balance: individually evaluated for impairment					6
Ending balance: collectively evaluated for impairment		939		939	992
Ending balance: loans acquired with deteriorated credit quality		0		0	0
FINANCING RECEIVABLES:
Ending balance	506,842	410,468	506,842	410,468	494,423
Ending balance: individually evaluated for impairment		657		657	569
Ending balance: collectively evaluated for impairment		409,318		409,318	493,449
Ending balance: loans acquired with deteriorated credit quality		493		493	405
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		606	349	1,040	1,040
Recoveries	104		104
Provision for credit losses-loans	(76)	(260)	(50)	(694)	(691)
Balance at ending of year		346		346	349
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment		346		346	349
Ending balance: loans acquired with deteriorated credit quality		0		0	0
FINANCING RECEIVABLES:
Ending balance	230,531	199,650	230,531	199,650	220,514
Ending balance: individually evaluated for impairment		2,414		2,414	2,280
Ending balance: collectively evaluated for impairment		197,039		197,039	218,039
Ending balance: loans acquired with deteriorated credit quality		197		197	195
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		844	751	709	709
Recoveries					7
Provision for credit losses-loans	41	(90)	6	45	35
Balance at ending of year		754		754	751
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment		754		754	751
Ending balance: loans acquired with deteriorated credit quality		0		0	0
FINANCING RECEIVABLES:
Ending balance	128,593	127,340	128,593	127,340	128,926
Ending balance: individually evaluated for impairment		1,296		1,296	152
Ending balance: collectively evaluated for impairment		126,044		126,044	128,774
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		9,573	11,924	9,130	9,130
Recoveries	3	3	5	5	9
Provision for credit losses-loans	590	851	1,251	1,292	2,785
Balance at ending of year		10,427		10,427	11,924
Ending balance: individually evaluated for impairment					438
Ending balance: collectively evaluated for impairment		10,427		10,427	11,486
Ending balance: loans acquired with deteriorated credit quality		0		0	0
FINANCING RECEIVABLES:
Ending balance	1,278,445	977,588	1,278,445	977,588	1,150,511
Ending balance: individually evaluated for impairment		4,133		4,133	4,108
Ending balance: collectively evaluated for impairment		973,258		973,258	1,146,389
Ending balance: loans acquired with deteriorated credit quality		197		197	14
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		4,066	5,382	3,847	3,847
Charge Offs				(6)	(418)
Recoveries	6	65	12	74	93
Provision for credit losses-loans	(653)	1,234	(462)	1,450	1,860
Balance at ending of year		5,365		5,365	5,382
Ending balance: individually evaluated for impairment		2,419		2,419	1,551
Ending balance: collectively evaluated for impairment		2,946		2,946	3,831
Ending balance: loans acquired with deteriorated credit quality		0		0	0
FINANCING RECEIVABLES:
Ending balance	282,244	264,124	282,244	264,124	272,119
Ending balance: individually evaluated for impairment		2,149		2,149	1,581
Ending balance: collectively evaluated for impairment		261,854		261,854	270,493
Ending balance: loans acquired with deteriorated credit quality		121		121	45
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		623	891	625	625
Charge Offs	(60)	(117)	(182)	(205)	(409)
Recoveries	74	70	121	97	169
Provision for credit losses-loans	(128)	(9)	102	50	506
Balance at ending of year		567		567	891
Ending balance: individually evaluated for impairment					1
Ending balance: collectively evaluated for impairment		567		567	890
Ending balance: loans acquired with deteriorated credit quality		0		0	0
FINANCING RECEIVABLES:
Ending balance	89,138	55,648	89,138	55,648	89,894
Ending balance: individually evaluated for impairment		20		20	167
Ending balance: collectively evaluated for impairment		55,628		55,628	89,727
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year		167	18	34	34
Provision for credit losses-loans		(141)		(8)	(16)
Balance at ending of year		26		26	18
Ending balance: collectively evaluated for impairment		26		26	18
Ending balance: loans acquired with deteriorated credit quality		0		0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of year	2,228	1,076	1,262	1,041	1,041
Provision for credit losses-off balance sheet credit exposures	(129)		(67)
Other Non-interest expense related to unfunded		91		126	221
Balance at ending of year	$ 2,099	1,167	2,099	1,167	1,262
Ending balance: collectively evaluated for impairment		1,167		1,167	1,262
Ending balance: loans acquired with deteriorated credit quality		$ 0		$ 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)	Jun. 02, 2023 USD ($) Director shares	Mar. 01, 2023 USD ($) 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	754		240	272	68
Number of directors received shares | Director	12		12	10
Number of directors received prorated dollar value of shares | Director				4
Compensation annual basis committee award | $	$ 14,997		$ 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				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income	$ 6,001	$ 6,466	$ 8,271	$ 8,102	$ 12,467	$ 16,373
Less: distributed earnings allocated to participating securities	(31)		(21)		(62)	(42)
Less: undistributed earnings allocated to participating securities	(35)		(48)		(69)	(96)
Net earnings available to common shareholders	$ 5,935		$ 8,202		$ 12,336	$ 16,235
Weighted average common shares outstanding including participating securities	13,632,440		13,065,975		13,624,094	13,066,123
Less: average unvested restricted shares	(150,065)		(108,849)		(143,163)	(110,004)
Weighted average common shares outstanding	13,482,375		12,957,126		13,480,931	12,956,119
Basic earnings per share	$ 0.44		$ 0.63		$ 0.92	$ 1.25
Diluted earnings per share	$ 0.44		$ 0.63		$ 0.92	$ 1.25

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 363,225	$ 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	86,127	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	86,127	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	273,989	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	273,989	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	3,109	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	3,109	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	86,127	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	86,127	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	127,891	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	127,891	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	81,656	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	81,656	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	67,551	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	64,442	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	3,109	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	$ 3,109	$ 3,345

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Changes in the Level 3 Fair Value Category of Unobservable Inputs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
State and Local Governments Tax-Exempt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 1,835	$ 2,108	$ 2,071	$ 2,307
Change in Fair Value	$ (4)	(19)	5	(58)
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)
Ending Balance	$ 1,831	2,089	1,831	2,089
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,305	1,394	1,274	2,466
Change in Fair Value	$ (27)	(69)	4	(152)
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
Reclassification & Adjustments				(989)
Ending Balance	$ 1,278	1,325	1,278	1,325
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	3,140	3,502	3,345	4,773
Change in Fair Value	$ (31)	(88)	0	(210)
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				(989)
Ending Balance	$ 3,109	$ 3,414	$ 3,109	$ 3,414

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Detail)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2022 Security	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 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 loans categorized as Level 3			$ 8,857,000	$ 10,669,000
Impairment		$ 2,000	0
Level 3 [Member] | Collateral Dependent [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateral dependent loans categorized as Level 3		$ 45,000	$ 2,700,000

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 363,225	$ 390,789
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	67,551	69,417
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,109	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	$ 3,109	$ 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]
Fair Value	$ 45	$ 2,667
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	us-gaap:MeasurementInputAppraisedValueMember	us-gaap:MeasurementInputAppraisedValueMember
Level 3 [Member] | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 39
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Unobservable Inputs	us-gaap:MeasurementInputDiscountRateMember
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	0.0349	0.0208
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	0.25	0.20
Level 3 [Member] | Minimum [Member] | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	0.0403
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	0.0478	0.0438
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	0.25	0.2413
Level 3 [Member] | Weighted Average | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	0.0463
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	0.0548	0.0501
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	0.25	0.2901
Level 3 [Member] | Maximum [Member] | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	0.0465

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Level 3 [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 45	$ 2,667
Level 3 [Member] | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	39
Fair Value on Nonrecurring Basis [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	45	2,667
Fair Value on Nonrecurring Basis [Member] | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	39
Fair Value on Nonrecurring Basis [Member] | Level 3 [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	45	$ 2,667
Fair Value on Nonrecurring Basis [Member] | Level 3 [Member] | Real Estate Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 39

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial Assets:
Securities - available-for-sale	$ 363,225	$ 390,789
Financial Liabilities:
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,644	34,586
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	71,193	84,409
Interest-bearing time deposits	3,485	4,442
Securities - available-for-sale	363,225	390,789
Other securities	17,535	9,799
Loans held for sale	1,459	827
Loans, net	2,490,883	2,336,074
Interest receivable	11,145	10,440
Financial Liabilities:
Total Deposits	2,468,740	2,468,864
Federal funds purchased and securities sold under agreement to repurchase	51,567	54,206
Federal Home Loan Bank advances	266,818	127,485
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,644	34,586
Interest payable	3,655	1,739
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	71,193	84,409
Interest-bearing time deposits	3,473	4,440
Securities - available-for-sale	363,225	390,789
Other securities	17,535	9,799
Loans held for sale	1,437	815
Loans, net	2,316,031	2,171,152
Interest receivable	11,145	10,440
Financial Liabilities:
Total Deposits	2,456,899	2,454,475
Federal funds purchased and securities sold under agreement to repurchase	51,567	54,206
Federal Home Loan Bank advances	263,316	125,761
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	29,070	30,993
Interest payable	3,655	1,739
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	71,193	84,409
Securities - available-for-sale	86,127	94,678
Financial Liabilities:
Total Deposits	488,678	532,794
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	3,473	4,440
Securities - available-for-sale	273,989	292,766
Financial Liabilities:
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	29,070	30,993
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	3,109	3,345
Other securities	17,535	9,799
Loans held for sale	1,437	815
Loans, net	2,316,031	2,171,152
Interest receivable	11,145	10,440
Financial Liabilities:
Total Deposits	1,968,221	1,921,681
Federal funds purchased and securities sold under agreement to repurchase	51,567	54,206
Federal Home Loan Bank advances	263,316	125,761
Interest payable	3,655	1,739
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	1,351,305	1,378,090
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	1,351,263	1,377,944
Interest Bearing Deposits [Member] | Level 3 [Member]
Financial Liabilities:
Total Deposits	1,351,263	1,377,944
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	488,678	532,794
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	488,678	532,794
Non Interest Bearing Deposits [Member] | Level 1 [Member]
Financial Liabilities:
Total Deposits	488,678	532,794
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	628,757	557,980
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	616,958	543,737
Time Deposits [Member] | Level 3 [Member]
Financial Liabilities:
Total Deposits	$ 616,958	$ 543,737

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fees And Commissions Income [Abstract]
Federal funds purchased	$ 21,000	$ 22,573
Securities sold under agreements to repurchase	$ 30,600	$ 31,600

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 ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased	$ 21,000	$ 22,573
Repurchase agreements, Remaining contractual maturity of the agreements	30,600	31,600
Total	51,567	54,206
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased	21,000	22,573
Total	22,599	23,688
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	28,968	30,518
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	30,567	31,633
US Treasury & Agency Securities [Member] | Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,599	1,115
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	$ 30,518

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	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal	$ 35,000	$ 35,000
Unamortized Note Issuance Costs	$ (356)	$ (414)

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	Apr. 10, 2023	Jun. 30, 2023	Jan. 01, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Captives provision existence period	10 years
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%
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

Recent Accounting Pronounceme_5

Recent Accounting Pronouncements - Schedule of Impact of Adopting ASU (Details) - ASU 2016-13 [Member] - USD ($) $ in Thousands	Jun. 30, 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