Farmers & Merchants Bancorp (FMAO) 10-Q 29 Apr 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP INC
Entity Central Index Key	0000792966
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		11,129,421
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 (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, no par value
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	12,230,000	12,230,000
Common stock, shares outstanding	12,230,000	12,230,000
Treasury Stock, shares	1,100,579	1,093,065

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 49,844	$ 50,137
Federal funds sold	40,993	1,159
Total cash and cash equivalents	90,837	51,296
Interest-bearing time deposits	4,869	4,309
Securities - available-for-sale	204,121	222,293
Other securities, at cost	5,810	5,810
Loans held for sale	2,153	4,248
Loans, net	1,239,108	1,211,771
Premises and equipment	26,120	26,283
Construction in progress		68
Goodwill	47,340	47,340
Mortgage servicing rights	2,672	2,629
Other real estate owned	185	214
Bank owned life insurance	15,313	15,235
Other assets	16,597	15,834
Total Assets	1,655,125	1,607,330
Deposits
Noninterest-bearing	261,786	265,156
Interest-bearing
NOW accounts	463,734	423,655
Savings	341,256	322,973
Time	281,931	276,563
Total deposits	1,348,707	1,288,347
Federal funds purchased and securities sold under agreements to repurchase	30,585	48,073
Federal Home Loan Bank (FHLB) advances	24,788	24,806
Dividend payable	1,768	1,768
Accrued expenses and other liabilities	12,820	14,078
Total liabilities	1,418,668	1,377,072
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 12,230,000 shares 3/31/20 and 12/31/19	81,844	81,535
Treasury stock - 1,100,579 shares 3/31/20, 1,093,065 shares 12/31/19	(12,636)	(12,456)
Retained earnings	162,416	160,081
Accumulated other comprehensive income	4,833	1,098
Total stockholders' equity	236,457	230,258
Total Liabilities and Stockholders' Equity	$ 1,655,125	$ 1,607,330

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Income
Loans, including fees	$ 15,883	$ 14,680
Debt securities:
U.S. Treasury and government agencies	1,146	713
Municipalities	262	211
Dividends	45	88
Federal funds sold	6	37
Other	122	133
Total interest income	17,464	15,862
Interest Expense
Deposits	2,901	2,613
Federal funds purchased and securities sold under agreements to repurchase	244	185
Borrowed funds	266	287
Total interest expense	3,411	3,085
Net Interest Income - Before Provision for Loan Losses	14,053	12,777
Provision for Loan Losses	1,430	30
Net Interest Income After Provision For Loan Losses	12,623	12,747
Noninterest Income
Net gain on sale of loans	227	102
Net gain (loss) on sale of available-for-sale securities	270	(26)
Total noninterest income	3,122	2,695
Noninterest Expense
Salaries and wages	4,223	4,312
Employee benefits	1,677	1,594
Net occupancy expense	564	667
Furniture and equipment	758	696
Data processing	442	1,299
Franchise taxes	368	258
ATM expense	414	447
Advertising	303	260
Net loss on sale of other assets owned	1	15
FDIC assessment	72	96
Mortgage servicing rights amortization	132	75
Consulting fees	139	113
Other general and administrative	1,602	1,679
Total noninterest expense	10,695	11,511
Income Before Income Taxes	5,050	3,931
Income Taxes	945	707
Net Income	$ 4,105	$ 3,224
Basic and Diluted Earnings Per Share	$ 0.37	$ 0.29
Dividends Declared	$ 0.16	$ 0.15
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 1,586	$ 1,578
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 1,039	$ 1,041

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 4,105	$ 3,224
Other Comprehensive Income (Net of Tax):
Net unrealized gain on available-for-sale securities	4,998	1,749
Reclassification adjustment for (gain) loss on sale of available-for-sale securities	(270)	26
Net unrealized gain on available-for-sale securities	4,728	1,775
Tax expense	993	373
Other comprehensive income	3,735	1,402
Comprehensive Income	$ 7,840	$ 4,626

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes to Stockholder's Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2018	$ 143,287	$ 10,823	$ (12,409)	$ 147,887	$ (3,014)
Beginning balance, shares at Dec. 31, 2018		9,285,261
Net income	3,224			3,224
Other comprehensive income	1,402				1,402
Issuance of 1,830,000 shares of common stock in acquisition	70,437	$ 70,437
Issuance of 1,830,000 shares of common stock in acquisition, shares		1,830,000
Purchase of treasury stock	(213)		(213)
Purchase of treasury stock, shares		(6,558)
Issuance of 400 shares of restricted stock (Net of forfeitures - 2,040)	17	$ 66	(58)	9
Issuance of 400 shares of restricted stock (Net of forfeitures - 2,040), shares		(1,640)
Forfeiture of 450 shares of restricted stock, shares		(2,040)
Stock-based compensation expense	434	$ 434
Cash dividends declared - $0.16 and 0.15 per share for the period ended March 31,2020 and 2019 respectively	(1,654)			(1,654)
Ending balance at Mar. 31, 2019	216,934	$ 81,760	(12,680)	149,466	(1,612)
Ending balance, shares at Mar. 31, 2019		11,107,063
Beginning balance at Dec. 31, 2019	230,258	$ 81,535	(12,456)	160,081	1,098
Beginning balance, shares at Dec. 31, 2019		11,136,935
Net income	4,105			4,105
Other comprehensive income	3,735				3,735
Purchase of treasury stock	(170)		(170)
Purchase of treasury stock, shares		(7,064)
Forfeiture of 450 shares of restricted stock	15	$ 27	(10)	(2)
Forfeiture of 450 shares of restricted stock, shares		(450)
Stock-based compensation expense	282	$ 282
Cash dividends declared - $0.16 and 0.15 per share for the period ended March 31,2020 and 2019 respectively	(1,768)			(1,768)
Ending balance at Mar. 31, 2020	$ 236,457	$ 81,844	$ (12,636)	$ 162,416	$ 4,833
Ending balance, shares at Mar. 31, 2020		11,129,421

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes to Stockholder's Equity (Parenthetical) (Unaudited)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Cash dividends declared, per share | $ / shares	$ 0.15
Common Stock [Member]
Issuance of shares of restricted stock, Shares	400
Issuance of shares of restricted stock, forfeitures	2,040
Issuance of shares of common stock in acquisition	1,830,000

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash Flows from Operating Activities
Net income		$ 4,105	$ 3,224
Adjustments to reconcile net income to net cash from operating activities:
Depreciation		655	656
Amortization of available-for-sale securities, net		250	170
Amortization of servicing rights		132	75
Amortization of core deposit intangible		182	182
Net amortization of fair value adjustments		157	155
Stock-based compensation expense		282	434
Deferred income taxes		(3)
Provision for loan loss		1,430	30	$ 1,138
Gain on sale of loans held for sale		(227)	(102)
Originations of loans held for sale		(17,302)	(8,340)
Proceeds from sale of loans held for sale		18,690	7,764
Loss on sale of other assets owned		1	15
(Gain) loss on sales of securities available-for-sale		(270)	26
Change in other assets and other liabilities, net		(3,431)	3,516
Net cash provided by operating activities		4,651	7,805
Activity in available-for-sale securities:
Maturities, prepayments and calls		21,646	1,703
Sales		11,843	11,100
Purchases		(10,569)	35
Activity in other securities, at cost:
Sales			237
Change in interest-bearing time deposits		(560)	(490)
Proceeds from sale of other assets owned		28	75
Additions to premises and equipment		(420)	(706)
Loan originations and principal collections, net		(27,773)	5,301
Acquisition of Limberlost, net of cash received			(2,089)
Net cash provided by (used in) investing activities		(5,805)	15,166
Cash Flows from Financing Activities
Net change in deposits		60,276	52,416
Net change in federal funds purchased and securities sold under agreements to repurchase		(17,488)	(6,660)
Repayment of FHLB advances		(155)	(23,651)
Purchase of treasury stock		(170)	(213)
Cash dividends paid on common stock		(1,768)	(1,379)
Net cash provided by financing activities		40,695	20,513
Net Increase in Cash and Cash Equivalents		39,541	43,484
Cash and Cash Equivalents - Beginning of year	$ 38,365	51,296	38,365	38,365
Cash and Cash Equivalents - End of period		90,837	81,849	$ 51,296
Cash paid during the year for:
Interest		$ 3,217	2,655
Limberlost Bancshares, Inc. [Member]
The Company purchased all of the capital stock of Limberlost for $78,902 on January 1, 2019. In conjunction with the acquisition, liabilities were assumed as follows:
Fair value of assets acquired			336,380
Less: common stock issued			70,437
Cash paid for the capital stock	$ 8,500		8,465
Liabilities assumed			$ 257,478

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019
Limberlost Bancshares, Inc. [Member]
Purchase of capital stock	$ 78,902	$ 78,902

Basis of Presentation and Other

Basis of Presentation and Other	3 Months Ended
	Mar. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Other	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10Q and Rule 10-01 of Regulation S-X; accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that are expected for the year ended December 31, 2020. The condensed consolidated balance sheet of the Company as of December 31, 2019, has been derived from the audited 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, 2019. 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. Reclassification Certain amounts in the 2019 condensed consolidated financial statements have been reclassified to conform with the 2020 presentation. These reclassifications had no effect on income.

Business Combination and Asset

Business Combination and Asset Purchase	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Combination and Asset Purchase	NOTE 2 BUSINESS COMBINATION AND ASSET PURCHASE 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 will have an opportunity to increase its deposit base and reduce transaction costs. The Company also expects to reduce costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $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. The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 8,465 Common Shares (1,830,000 shares) 70,437 Total $ 78,902 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 6,376 Securities - available-for-sale 17,494 Other securities, at cost 2,347 Loans, net 257,183 Premises and equipment 2,538 Goodwill 43,266 Other assets 7,176 Total Assets Purchased $ 336,380 Liabilities Deposits Noninterest bearing $ 37,822 Interest bearing 168,312 Total deposits 206,134 Federal Home Loan Bank (FHLB) advances 48,196 Accrued expenses and other liabilities 3,148 Total Liabilities Assumed $ 257,478 The Company acquired loans in the acquisition that had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality (ASC 310-30) and initially measured at fair value, which includes estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans is not carried over and recorded at the acquisition date. Management estimated the cash flows expected to be collected at acquisition using our internal risk models, which incorporate the estimate of current key assumptions, such as default rates, severity and prepayment speeds. The carrying amount of those loans is included in loans, net on the balance sheet as of December 31, 2019 and March 31, 2020. The amounts of loans at December 31, 2019 and March 31, 2020 are as follows: 2019 (In Thousands) Balance - January 1, 2019 Commercial $ 4,094 Consumer RE 231 Consumer 71 Carrying amount, net of fair value adjustment of $2,118 $ 2,278 Balance - December 31, 2019 Commercial $ 106 Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $62 $ 44 Balance - March 31, 2020 Commercial $ - Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $0 $ - Loans acquired during 2019 for which it was probable at acquisition that all contractually required payments would not be collected are as follows: (In Thousands) Contractually required payments receivable at acquisition Commercial $ 4,215 Consumer RE 261 Consumer 94 Total required payments receivable $ 4,570 Cash flows expected to be collected at acquisition $ 2,788 Basis in acquired loans at acquisition $ 4,396 The balance of the fair value adjustment for loans acquired and accounted for under this guidance (ASC 310-30) was $62 thousand at December 31, 2019, zero at March 31, 2020 and $2.118 million on January 1, 2019. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 (In Thousands) (In Thousands) Beginning Balance $ 2,021 $ 2,544 Additions 1 1 Accretion (106 ) (109 ) Reclassification from nonaccretable difference 62 - Disposals - - Ending Balance $ 1,978 $ 2,436 The Company purchased an office on December 13, 2013 in Custar, Ohio. Core deposit intangible assets of $1.17 million were recognized and are being amortized over its remaining economic useful life of the deposits of 7 years on a straight line basis. As mentioned previously, the acquisition of Bank of Geneva resulted in the recognition of $3.9 million in core deposit intangible assets which are being amortized over its remaining life of 7 years on a straight line basis. The amortization expense for the three months ended March 31, 2019 was $182 thousand. Of the $721 thousand to be expensed in 2020, $182 thousand has been expensed for the three months ended March 31, 2020. Annual amortization of core deposit intangible assets is as follows: (In Thousands) (In Thousands) (In Thousands) Custar Geneva Total 2020 $ 161 $ 560 $ 721 2021 - 560 560 2022 - 560 560 2023 - 560 560 2024 - 560 560 2025 - 560 560 $ 161 $ 3,360 $ 3,521

Securities

Securities	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Securities	NOTE 3 SECURITIES Mortgage-backed securities, as shown in the following tables, are all government sponsored enterprises. The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2020 and December 31, 2019, are as follows: (In Thousands) March 31, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 10,016 $ 57 $ - $ 10,073 U.S. Government agencies 47,869 1,880 - 49,749 Mortgage-backed securities 97,726 2,968 - 100,694 State and local governments 42,393 1,215 (3 ) 43,605 Total available-for-sale securities $ 198,004 $ 6,120 $ (3 ) $ 204,121 (In Thousands) December 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 10,023 $ 10 $ (12 ) $ 10,021 U.S. Government agencies 61,882 584 (21 ) 62,445 Mortgage-backed securities 94,998 426 (227 ) 95,197 State and local governments 54,001 749 (120 ) 54,630 Total available-for-sale securities $ 220,904 $ 1,769 $ (380 ) $ 222,293 Investment securities will at times depreciate to an unrealized loss position. The Company utilizes the following criteria to assess whether impairment is other than temporary. No one item by itself will necessarily signal that a security should be recognized as an other than temporary impairment. 1. The fair value of the security has significantly declined from book value. 2. A downgrade has occurred that lowered the credit rating to below investment grade (below Baa3 by Moody and BBB – by Standard and Poors.) 3. Dividends have been reduced or eliminated or scheduled interest payments have not been made. 4. The underwater security has longer than 10 years to maturity and the loss position had existed for more than 3 years. 5. Management does not possess both the intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. If the impairment is judged to be other than temporary, the cost basis of the individual security shall be written down to fair value, thereby establishing a new cost basis. The new cost basis shall not be changed for subsequent recoveries in fair value. The amount of the write down shall be included in current earnings as a realized loss. The recovery in fair value, if any, shall be recognized in earnings when the security is sold. The table below is presented by category of security and length of time in a continuous loss position. The Company currently does not hold any securities with other than temporary impairment. Information pertaining to securities with gross unrealized losses at March 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) March 31, 2020 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 $ - $ - $ - $ - $ - $ - U.S. Government agencies - - - - - - Mortgage-backed securities - - - - - - State and local governments (1 ) 513 (2 ) 2,044 (3 ) 2,557 Total available-for-sale securities $ (1 ) $ 513 $ (2 ) $ 2,044 $ (3 ) $ 2,557 (In Thousands) December 31, 2019 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 $ - $ - $ (12 ) $ 5,030 $ (12 ) $ 5,030 U.S. Government agencies (16 ) 10,549 (5 ) 10,745 (21 ) 21,294 Mortgage-backed securities (102 ) 27,696 (125 ) 11,332 (227 ) 39,028 State and local governments (120 ) 16,845 - - (120 ) 16,845 Total available-for-sale securities $ (238 ) $ 55,090 $ (142 ) $ 27,107 $ (380 ) $ 82,197 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 rate changes, and the Company has the intent and ability to hold the securities for the foreseeable future. Additionally, the decline in value is primarily due to changes in interest rates since the securities were purchased. The fair value is expected to recover as the bonds approach the maturity date. Below are the gross realized gains and losses for the three months ended March 31, 2020 and March 31, 2019. Three Months (In Thousands) 2020 2019 Gross realized gains $ 270 $ 16 Gross realized losses - (42 ) Net realized gains (losses) $ 270 $ (26 ) Tax expense (benefit) related to net realized gains (losses) $ 57 $ (5 ) The net realized losses on sales and related tax expense is a reclassification out of accumulated other comprehensive income (loss). The net realized gains (losses) is included in net gains (losses) on sale of available-for-sale securities and the related tax expense (benefit) is included in income taxes in the condensed consolidated statements of income and comprehensive income. The amortized cost and fair value of debt securities at March 31, 2020, 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 $ 16,663 $ 16,766 After one year through five years 19,720 20,130 After five years through ten years 59,816 62,399 After ten years 4,079 4,132 Total $ 100,278 $ 103,427 Mortgage-backed securities 97,726 100,694 Total $ 198,004 $ 204,121 Investments with a carrying value of $88.7 million and $88.8 million at March 31, 2020 and December 31, 2019, respectively, were pledged to secure public deposits and securities sold under repurchase agreements. Other securities includes Federal Home Loan Bank of Cincinnati and Indianapolis stock as of March 31, 2020 and December 31, 2019.

Loans

Loans	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans	NOTE 4 LOANS Loan balances as of March 31, 2020 and December 31, 2019 are summarized below: (In Thousands) Loans: March 31, 2020 December 31, 2019 Consumer Real Estate $ 174,731 $ 165,349 Agricultural Real Estate 194,383 199,105 Agricultural 109,584 111,820 Commercial Real Estate 570,217 551,309 Commercial and Industrial 143,261 135,631 Consumer 49,022 49,237 Other 8,336 8,314 1,249,534 1,220,765 Less: Net deferred loan fees and costs (1,893 ) (1,766 ) 1,247,641 1,218,999 Less: Allowance for loan losses (8,533 ) (7,228 ) Loans - Net $ 1,239,108 $ 1,211,771 Other loans primarily fund public improvement in the Bank’s service area. The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2020: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 116,954 $ 57,777 Agricultural Real Estate 93,095 101,288 Agricultural 105,065 4,519 Commercial Real Estate 419,430 150,787 Commercial and Industrial 126,434 16,827 Consumer 45,055 3,967 Other 8,277 59 As of March 31, 2020 and December 31, 2019 one to four family residential mortgage loans amounting to $42.7 million and $42.1 million, respectively, have been pledged as security for future loans and existing loans the Bank has received from the Federal Home Loan Bank. Unless listed separately, Other loans are included in the Commercial and Industrial category for the remainder of the tables in this Note 4. The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2020 and December 31, 2019, net of deferred loan fees and costs: March 31, 2020 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 $ 842 $ 4 $ - $ 846 $ 173,130 $ 173,976 $ - Agricultural Real Estate 505 - - 505 193,625 194,130 - Agricultural 1,403 - - 1,403 108,304 109,707 - Commercial Real Estate 186 - - 186 568,805 568,991 - Commercial and Industrial 823 298 - 1,121 150,526 151,647 - Consumer 89 13 - 102 49,088 49,190 - Total $ 3,848 $ 315 $ - $ 4,163 $ 1,243,478 $ 1,247,641 $ - December 31, 2019 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 $ 355 $ 70 $ - $ 425 $ 164,266 $ 164,691 $ - Agricultural Real Estate - 107 - 107 198,752 198,859 - Agricultural 78 7 - 85 111,864 111,949 - Commercial Real Estate - - - - 550,082 550,082 - Commercial and Industrial 201 267 - 468 143,541 144,009 - Consumer 54 - - 54 49,355 49,409 - Total $ 688 $ 451 $ - $ 1,139 $ 1,217,860 $ 1,218,999 $ - The following table presents the recorded investment in nonaccrual loans by class of loans as of March 31, 2020 and December 31, 2019: (In Thousands) March 31, 2020 December 31, 2019 Consumer Real Estate $ 1,363 $ 1,209 Agricultural Real Estate 967 88 Agricultural 382 1,769 Commercial Real Estate 36 37 Commercial & Industrial 590 288 Consumer 6 9 Total $ 3,344 $ 3,400 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 future contracts. The risk related to weather is often mitigated by requiring 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, 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. 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. 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. 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 Risk Management Association 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 grade is summarized by high liquidity, minimum risk, strong ratios, and low handling costs. 3. Two (2) Good. Desirable loans of somewhat less stature than Grade 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets, generally with a leverage position less than 1.50, 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. Generally, customers should have a leverage position less than 2.00. May be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment. Loans may be graded 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 are observed, a lower risk grade is warranted. 5. Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk grade 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 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 and 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 but 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, 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. [ Remainder of this page intentionally left blank ] 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 March 31, 2020 and December 31, 2019: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other March 31, 2020 1-2 $ 13,407 $ 2,635 $ 7,684 $ 4,124 $ - 3 32,710 36,033 147,559 24,329 3,344 4 117,824 67,419 404,548 103,357 4,992 5 15,492 1,094 3,191 5,166 - 6 14,697 2,526 6,009 5,259 - 7 - - - 1,076 - 8 - - - - - Total $ 194,130 $ 109,707 $ 568,991 $ 143,311 $ 8,336 Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2019 1-2 $ 14,655 $ 4,093 $ 7,860 $ 3,844 $ - 3 33,951 36,913 131,780 19,790 3,168 4 116,834 65,414 401,404 103,527 5,146 5 14,836 2,300 3,699 2,465 - 6 18,583 3,229 5,339 4,983 - 7 - - - 1,086 - 8 - - - - - Total $ 198,859 $ 111,949 $ 550,082 $ 135,695 $ 8,314 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 March 31, 2020 and December 31, 2019. (In Thousands) Consumer Consumer Real Estate Real Estate March 31, 2020 December 31, 2019 Grade Pass $ 170,812 $ 160,930 Special Mention (5) 1,125 415 Substandard (6) 2,039 3,346 Doubtful (7) - - Total $ 173,976 $ 164,691 (In Thousands) Consumer - Credit Consumer - Other March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Performing $ 3,576 $ 4,076 $ 45,424 $ 44,831 Nonperforming 35 15 155 487 Total $ 3,611 $ 4,091 $ 45,579 $ 45,318 Information about impaired loans as of March 31, 2020, December 31, 2019 and March 31, 2019 are as follows: (In Thousands) March 31, 2020 December 31, 2019 March 31, 2019 Impaired loans without a valuation allowance $ 1,393 $ 2,420 $ 1,915 Impaired loans with a valuation allowance 4,795 641 254 Total impaired loans $ 6,188 $ 3,061 $ 2,169 Valuation allowance related to impaired loans $ 766 $ 197 $ 59 Total non-accrual loans $ 3,344 $ 3,400 $ 1,188 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 4,314 $ 3,120 $ 2,135 Year to date average investment in impaired loans $ 4,314 $ 2,649 $ 2,135 There were $45 thousand additional funds available to be advanced in connection with impaired loans. The Bank had approximately $1.9 million of its impaired loans classified as troubled debt restructured (TDR) as of March 31, 2020, $1.0 million as of December 31, 2019 and $173 thousand as of March 31, 2019. Modification programs focused on payment pattern changes and/or modified maturity dates with most receiving a combination of the two concessions. The modifications did not result in the contractual forgiveness of principal. In 2020, two of the loans resulted in payment changes from a monthly payment to principal and interest at maturity on June 19, 2020. Interest was paid current at the time of the modification. The properties involved are to be sold by the loan maturity date. Consequently, the financial impact of the modifications was immaterial. During the year to date 2020, there were 2 new loans considered TDR. There were no new loans considered TDR year to date 2019. The following tables represents three months ended March 31, 2020 and 2019: Pre- Post- Three Months Number of Modification Modification March 31, 2020 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Commercial Real Estate 2 $ 981 $ 981 Pre- Post- Three Months Number of Modification Modification March 31, 2019 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Commercial Real Estate - $ - $ - For the three month period ended March 31, 2020 and 2019, there were no TDRs that subsequently defaulted after modification. For the three month period ended March 31, 2020, there was one impaired loan that was classified as TDR paid off. There were no impaired loans classified as TDR paid off for the three month period ended March 31, 2019. [ Remainder of this page intentionally left blank ] For the majority of the Bank’s impaired loans, the Bank will apply the fair value of collateral or use 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 are periodically evaluated. Maximum time of re-evaluation is every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations are obtained. Until such time that updated appraisals are received, the Bank may discount the collateral value used. The Bank uses 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 is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 120 days delinquent, secured consumer loans are charged down to the value of the collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. Commercial and agricultural credits are charged down at 120 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-off may be realized as further unsecured positions are recognized. The following tables present loans individually evaluated for impairment by class of loans for the three months ended March 31, 2020 and March 31, 2019 and for the year ended December 31, 2019. (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2020 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 $ 644 $ 644 $ - $ 649 $ 5 $ 4 Agricultural Real Estate 30 30 - 291 3 - Agricultural 348 348 - 386 5 - Commercial Real Estate 186 186 - 224 3 - Commercial and Industrial 154 154 - 699 12 - Consumer 31 31 - 10 - - With a specific allowance recorded: Consumer Real Estate 194 194 34 212 - - Agricultural Real Estate 92 92 15 93 2 - Agricultural 121 121 12 121 - - Commercial Real Estate 3,109 3,109 95 1,036 39 - Commercial and Industrial 1,279 1,429 610 572 7 - Consumer - - - 21 - - Totals: Consumer Real Estate $ 838 $ 838 $ 34 $ 861 $ 5 $ 4 Agricultural Real Estate $ 122 $ 122 $ 15 $ 384 $ 5 $ - Agricultural $ 469 $ 469 $ 12 $ 507 $ 5 $ - Commercial Real Estate $ 3,295 $ 3,295 $ 95 $ 1,260 $ 42 $ - Commercial and Industrial $ 1,433 $ 1,583 $ 610 $ 1,271 $ 19 $ - Consumer $ 31 $ 31 $ - $ 31 $ - $ - (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2019 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 $ 648 $ 648 $ - $ 603 $ 7 $ 1 Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 192 192 - 193 3 - Commercial and Industrial 1,075 1,075 - 1,085 15 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 254 254 59 254 - - Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate - - - - - - Commercial and Industrial - - - - - - Consumer - - - - - - Totals: Consumer Real Estate $ 902 $ 902 $ 59 $ 857 $ 7 $ 1 Agricultural Real Estate $ - $ - $ - $ - $ - $ - Agricultural $ - $ - $ - $ - $ - $ - Commercial Real Estate $ 192 $ 192 $ - $ 193 $ 3 $ - Commercial and Industrial $ 1,075 $ 1,075 $ - $ 1,085 $ 15 $ - Consumer $ - $ - $ - $ - $ - $ - (In Thousands) Interest Year Ended December 31, 2019 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 $ 648 $ 648 $ - $ 626 $ 32 $ 9 Agricultural Real Estate - - - 204 - - Agricultural 491 491 - 124 - - Commercial Real Estate 299 299 - 238 19 - Commercial and Industrial 982 982 - 637 66 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 181 184 30 211 - - Agricultural Real Estate - - - 22 1 - Agricultural 200 200 21 29 - - Commercial Real Estate - - - - - - Commercial and Industrial 227 377 142 555 - - Consumer 33 33 4 3 - - Totals: Consumer Real Estate $ 829 $ 832 $ 30 $ 837 $ 32 $ 9 Agricultural Real Estate $ - $ - $ - $ 226 $ 1 $ - Agricultural $ 691 $ 691 $ 21 $ 153 $ - $ - Commercial Real Estate $ 299 $ 299 $ - $ 238 $ 19 $ - Commercial and Industrial $ 1,209 $ 1,359 $ 142 $ 1,192 $ 66 $ - Consumer $ 33 $ 33 $ 4 $ 3 $ - $ - As of March 31, 2020, the Company had The Allowance for Loan and Lease Losses (ALLL) has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense. The following tables summarize the activities in the allowance for credit losses. (In Thousands) Three Months Ended Twelve Months Ended March 31, 2020 December 31, 2019 Allowance for Loan & Lease Losses Balance at beginning of year $ 7,228 $ 6,775 Provision for loan loss 1,430 1,138 Loans charged off (164 ) (841 ) Recoveries 39 156 Allowance for Loan & Lease Losses $ 8,533 $ 7,228 Allowance for Unfunded Loan Commitments & Letters of Credit $ 470 $ 479 Total Allowance for Credit Losses $ 9,003 $ 7,707 The Company segregates its ALLL into two reserves: The ALLL and the Allowance for Unfunded Loan Commitments and Letters of Credit (AULC). When combined, these reserves constitute the total Allowance for Credit Losses (ACL). The AULC is reported within other liabilities on the balance sheet while the ALLL is netted within the loans, net asset line. The ACL presented above represents the full amount of reserves available to absorb possible credit losses. [ Remainder of this page intentionally left blank ] The following table breaks down the activity within ACL for each loan portfolio classification and shows the contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs. Additional analysis, presented in thousands, related to the allowance for credit losses for three months ended March 31, 2020 and March 31, 2019 in addition to the ending balances as of December 31, 2019 is as follows: Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - - - (129 ) - - (164 ) Recoveries 3 - - 3 3 30 - - 39 Provision (Credit) 66 13 (26 ) 236 1,020 81 - 40 1,430 Other Non-interest expense related to unfunded - - - - - - (9 ) - (9 ) Ending Balance $ 345 $ 327 $ 665 $ 3,873 $ 2,750 $ 533 $ 470 $ 40 $ 9,003 Ending balance: individually evaluated for impairment $ 34 $ 15 $ 12 $ 95 $ 610 $ - $ - $ - $ 766 Ending balance: collectively evaluated for impairment $ 311 $ 312 $ 653 $ 3,778 $ 2,140 $ 533 $ 470 $ 40 $ 8,237 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,976 $ 194,130 $ 109,707 $ 568,991 $ 151,647 $ 49,190 $ - $ - $ 1,247,641 Ending balance: individually evaluated for impairment $ 838 $ 122 $ 469 $ 3,295 $ 1,433 $ 31 $ - $ - $ 6,188 Ending balance: collectively evaluated for impairment $ 173,093 $ 194,008 $ 109,238 $ 565,695 $ 150,111 $ 49,159 $ - $ - $ 1,241,304 Ending balance: loans acquired with deteriorated credit quality $ 45 $ - $ - $ - $ 103 $ - $ - $ - $ 148 December 31, 2019 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total ALLOWANCE FOR CREDIT LOSSES: Ending Balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Ending balance: individually evaluated for impairment $ 30 $ - $ 21 $ - $ 142 $ 4 $ - $ - $ 197 Ending balance: collectively evaluated for impairment $ 281 $ 314 $ 670 $ 3,634 $ 1,585 $ 547 $ 479 $ - $ 7,510 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 164,691 $ 198,859 $ 111,949 $ 550,082 $ 144,009 $ 49,409 $ - $ - $ 1,218,999 Ending balance: individually evaluated for impairment $ 829 $ - $ 691 $ 299 $ 1,209 $ 33 $ - $ - $ 3,061 Ending balance: collectively evaluated for impairment $ 163,816 $ 198,859 $ 111,258 $ 549,783 $ 142,694 $ 49,376 $ - $ - $ 1,215,786 Ending balance: loans acquired with deteriorated credit quality $ 46 $ - $ - $ - $ 106 $ - $ - $ - $ 152 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2019 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 247 $ 250 $ 768 $ 3,217 $ 1,305 $ 484 $ 274 $ 504 $ 7,049 Charge Offs (42 ) - - - - (165 ) - - (207 ) Recoveries - - 1 2 3 32 - - 38 Provision (Credit) 63 20 (63 ) (16 ) 182 145 - (301 ) 30 Other Non-interest expense related to unfunded - - - - - - 72 - 72 Ending Balance $ 268 $ 270 $ 706 $ 3,203 $ 1,490 $ 496 $ 346 $ 203 $ 6,982 Ending balance: individually evaluated for impairment $ 59 $ - $ - $ - $ - $ - $ - $ - $ 59 Ending balance: collectively evaluated for impairment $ 209 $ 270 $ 706 $ 3,203 $ 1,490 $ 496 $ 346 $ 203 $ 6,923 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 160,276 $ 191,736 $ 113,021 $ 440,281 $ 145,381 $ 47,770 $ - $ - $ 1,098,465 Ending balance: individually evaluated for impairment $ 902 $ - $ - $ 192 $ 1,075 $ - $ - $ - $ 2,169 Ending balance: collectively evaluated for impairment $ 159,028 $ 191,736 $ 113,021 $ 440,089 $ 142,263 $ 47,770 $ - $ - $ 1,093,907 Ending balance: loans acquired with deteriorated credit quality $ 346 $ - $ - $ - $ 2,043 $ - $ - $ - $ 2,389

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
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 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 stock based compensation plans. (in thousands of dollars) Three Months Ended March 31, 2020 March 31, 2019 Earnings per share Net income $ 4,105 $ 3,224 Less: distributed earnings allocated to participating securities (13 ) (12 ) Less: undistributed earnings allocated to participating securities (20 ) (12 ) Net earnings available to common shareholders $ 4,072 $ 3,200 Weighted average common shares outstanding including participating securities 11,134,870 11,089,839 Less: average unvested restricted shares (84,732 ) (83,417 ) Weighted average common shares outstanding 11,050,138 11,006,422 Basic earnings and diluted per share $ 0.37 $ 0.29

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 6 FAIR VALUE OF FINANCIAL INSTRUMENTS Fair values of financial instruments are management's estimate of the values at which the instruments could be exchanged in a transaction between willing parties. These estimates are subjective and may vary significantly from amounts that would be realized in actual transactions. In addition, other significant assets are not considered financial assets including deferred tax assets, premises, equipment and intangibles. Further, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of the estimates. The following assumptions and methods were used in estimating the fair value for financial instruments: Cash and Cash Equivalents The carrying amounts reported in the balance sheet for cash, cash equivalents and federal funds sold approximate their fair values. Also included in this line item are the carrying amounts of interest-bearing deposits maturing within ninety days which approximate their fair values. Fair values of other interest-bearing deposits are estimated using discounted cash flow analyses based on current rates for similar types of deposits. Interest Bearing Time Deposits Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow analysis that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. Securities – Available-for-sale Fair values for securities, excluding Federal Home Loan Bank are based on quoted market price, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. Other Securities The carrying value of Federal Home Loan Bank stock of Cincinnati and Indianapolis, approximates fair value based on the redemption provisions of the respective Federal Home Loan Bank. Loans Held for Sale The carrying amount approximates fair value due to insignificant amount of time between origination and date of sale. Loans, net The fair values of the loans are estimated using a credit mark adjustment along with discounted cash flow analysis, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The credit mark adjustment was estimated using merger and acquisition analysis of nationwide bank and thrift deals and/or the Bank’s most recent acquisition experience. Deposits The fair values disclosed for deposits with no defined maturities are equal to their carrying amounts, which represent the amount payable on demand. The carrying amounts for variable-rate, fixed term money market accounts and certificates of deposit approximate their fair value at the reporting date. Fair value for fixed-rate certificates of deposit are estimated using a discounted cash flow analysis that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. Federal Funds Purchased and Securities Sold Under Agreements to Repurchase The carrying value of federal funds purchased and securities sold under agreements to repurchase approximates fair values. FHLB Advances Fair values or FHLB advances are estimated using discounted cash flow analysis based on the Company’s current incremental borrowing rates for similar types or borrowing arrangements. Accrued Interest Receivable and Payable The carrying amounts of accrued interest approximate their fair values. Off Balance Sheet Financial Instruments Fair values for off-balance sheet, credit related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counter-parties' credit standing. The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of March 31, 2020 and December 31, 2019 are reflected below. (In Thousands) March 31, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 90,837 $ 90,837 $ 90,837 $ - $ - Interest-bearing time deposits 4,869 4,834 - 4,834 - Securities - available-for-sale 204,121 204,121 10,073 192,511 1,537 Other securities 5,810 5,810 - - 5,810 Loans held for sale 2,153 2,153 - - 2,153 Loans, net 1,239,108 1,216,038 - - 1,216,038 Interest receivable 7,114 7,114 - - 7,114 Financial Liabilities: Interest bearing deposits $ 804,990 $ 805,033 $ - $ - $ 805,033 Non-interest bearing deposits 261,786 261,786 - 261,786 - Time deposits 281,931 284,636 - - 284,636 Total Deposits 1,348,707 1,351,455 - 261,786 1,089,669 Federal funds purchased and securities sold under agreement to repurchase 30,585 30,585 - - 30,585 Federal Home Loan Bank advances 24,788 24,858 - - 24,858 Interest payable 727 727 - - 727 (In Thousands) December 31, 2019 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 51,296 $ 51,296 $ 51,296 $ - $ - Interest-bearing time deposits 4,309 4,331 - 4,331 - Securities - available-for-sale 222,293 222,293 10,021 210,782 1,490 Other securities 5,810 5,810 - - 5,810 Loans held for sale 4,248 4,248 - - 4,248 Loans, net 1,211,771 1,188,014 - - 1,188,014 Interest receivable 6,769 6,769 - - 6,769 Financial Liabilities: Interest bearing deposits $ 746,628 $ 746,691 $ - $ - $ 746,691 Non-interest bearing deposits 265,156 265,156 - 265,156 - Time deposits 276,563 277,008 - - 277,008 Total Deposits 1,288,347 1,288,855 - 265,156 1,023,699 Federal funds purchased and securities sold under agreement to repurchase 48,073 48,073 - - 48,073 Federal Home Loan Bank advances 24,806 24,811 - - 24,811 Interest payable 754 754 - - 754 Fair Value Measurements In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities in active markets that the Company has the ability to access. Available-for-sale securities, when quoted prices are available in an active market, securities are valued using the quoted price and are classified as Level 1. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Available-for-sale securities classified as Level 2 are valued using the prices obtained from an independent pricing service. The prices are not adjusted. Securities of obligations of state and political subdivisions are valued using a type of matrix, or grid, pricing in which securities are benchmarked against the treasury rate based on credit rating. Substantially all assumptions used by the independent pricing service are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. The Bank holds some local municipals that the Bank evaluates based on the credit strength of the underlying project. The fair value is determined by valuing similar credit payment streams at similar rates. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company's assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. The following summarizes financial assets measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) March 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ 10,073 $ - $ - U.S. Government agencies - 49,749 - Mortgage-backed securities - 100,694 - State and local governments - 42,068 1,537 Total Securities Available-for-Sale $ 10,073 $ 192,511 $ 1,537 December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ 10,021 $ - $ - U.S. Government agencies - 62,445 - Mortgage-backed securities - 95,197 - State and local governments - 53,140 1,490 Total Securities Available-for-Sale $ 10,021 $ 210,782 $ 1,490 The following tables represent the changes in the Level 3 fair-value category of which unobservable inputs are relied upon as of the three month periods ended March 31, 2020 and March 31, 2019. (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2020 $ - $ 1,490 $ 1,490 Change in Market Value - 47 47 Payments & Maturities - - - Balance at March 31, 2020 $ - $ 1,537 $ 1,537 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2019 $ - $ 1,427 $ 1,427 Change in Market Value - 16 16 Payments & Maturities - - - Balance at March 31, 2019 $ - $ 1,443 $ 1,443 Most of the Company's available-for-sale securities, including any bonds issued by local municipalities, have CUSIP numbers or have similar characteristics of those in the municipal markets, making them marketable and comparable as Level 2. The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis. At March 31, 2020 and December 31, 2019, such assets consist primarily of collateral dependent impaired loans. Collateral dependent impaired loans categorized as Level 3 assets consist of non-homogeneous loans that are considered impaired. The Company estimates the fair value of the loans based on the present value of expected future cash flows using management's best estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals.) At March 31, 2020 and December 31, 2019, fair value of collateral dependent impaired loans categorized as Level 3 was $3.3 million and $444 thousand, respectively. The specific allocation for impaired loans was $145 and $197 thousand as of March 31, 2020 and December 31, 2019, respectively, which are accounted for in the allowance for loan losses (see Note 4). Other real estate is reported at either the lower of the fair value of the real estate minus the estimated costs to sell the asset or the cost of the asset. The determination of fair value of the real estate relies primarily on appraisals from third parties. If the fair value of the real estate, minus the estimated costs to sell the asset, is less than the asset's cost, the deficiency is recognized as a valuation allowance against the asset through a charge to expense. The valuation allowance is therefore increased or decreased, through charges or credits to expense, for changes in the asset's fair value or estimated selling costs. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted March 31, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,537 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0-5% (1.88%) Collateral dependent impaired loans 3,251 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0-50% (4.26%) Other real estate owned - commercial - Appraisals Discount to reflect current market — % ( — ) (In Thousands) Range Fair Value at (Weighted December 31, 2019 Valuation Technique Unobservable Inputs Average) State and local government $ 1,490 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0-5% (2.52%) Collateral dependent impaired loans 444 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0-50% (30.73%) Other real estate owned - commercial 164 Appraisals Discount to reflect current market 0-20% (23.31% ) The following table presents impaired loans and other real estate owned as recorded at fair value on March 31, 2020 and December 31, 2019 Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2020 (In Thousands) Balance at March 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 3,251 $ - $ - $ 3,251 Other real estate owned - commercial - - - - Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2019 (In Thousands) Balance at December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 444 $ - $ - $ 444 Other real estate owned - commercial 164 - - 164

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	3 Months Ended
	Mar. 31, 2020
Brokers And Dealers [Abstract]
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	NOTE 7 FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE The Company had no Federal Funds purchased as of March 31, 2020 and $17.8 million as of December 31, 2019, respectively. During the same time periods, the Company also had $30.6 million and $30.2 million in securities sold under agreement to repurchase. March 31, 2020 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Federal funds purchased $ - $ - $ - $ - $ - Repurchase agreements US Treasury & agency securities 1,324 - - 29,261 30,585 $ 1,324 $ - $ - $ 29,261 $ 30,585 December 31, 2019 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Federal funds purchased $ 17,843 $ - $ - $ - $ 17,843 Repurchase agreements US Treasury & agency securities 1,814 - 3,965 24,451 30,230 $ 19,657 $ - $ 3,965 $ 24,451 $ 48,073

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 8 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU is 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 recently approved a delay in adoption for Smaller Reporting Companies. The Company has completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption can be postponed until periods beginning after December 15, 2022 (i.e., January 1, 2023, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has contracted with an external advisor and has formed a committee to determine the methodology to be used. Most importantly, the Company is gathering as much data as possible to enable review scenarios and determine which calculations will produce the most reliable results. The Company began working with the third party service provider to review parallel reports starting in June 2019. The Company will not adopt ASU 2016-13 in calendar year 2020 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13. In January 2017, the FASB issued ASU No. 2017-04 “Intangibles – Goodwill and other (Topic 350) – Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2 from the goodwill impairment test. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company has adopted ASU 2017-04 effective January 1, 2020, as require, and does not expect the ASU to have a material impact on its financial statements. Goodwill testing is scheduled to be completed during the fourth quarter. In August 2018, the FASB issued ASU No. 2018-13 “Fair Value Measurement (Topic 820) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in this update remove disclosures that no longer are considered cost beneficial, modify/clarify the specific requirements of certain disclosures, and add disclosure requirements identified as relevant. ASU 2018-13 is effective for years beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2018-13 effective January 1, 2020, as required, without material effect on its accounting disclosures. In March 2020 in connection with the implementation of the CARES Act and related provisions, we have elected the temporary relief in the Coronavirus Aid, Relief and Economic Security Act (CARES Act) not to apply the guidance in ASC 310-40 on accounting for troubled debt restructurings (TDRs) to loan modifications related to COVID-19 made between March 1, 2020 and the earlier of (1) December 31, 2020 or (2) 60 days after the end of the COVID-19 national emergency. The relief was only applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 8 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU is 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 recently approved a delay in adoption for Smaller Reporting Companies. The Company has completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption can be postponed until periods beginning after December 15, 2022 (i.e., January 1, 2023, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has contracted with an external advisor and has formed a committee to determine the methodology to be used. Most importantly, the Company is gathering as much data as possible to enable review scenarios and determine which calculations will produce the most reliable results. The Company began working with the third party service provider to review parallel reports starting in June 2019. The Company will not adopt ASU 2016-13 in calendar year 2020 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13. In January 2017, the FASB issued ASU No. 2017-04 “Intangibles – Goodwill and other (Topic 350) – Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2 from the goodwill impairment test. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company has adopted ASU 2017-04 effective January 1, 2020, as require, and does not expect the ASU to have a material impact on its financial statements. Goodwill testing is scheduled to be completed during the fourth quarter. In August 2018, the FASB issued ASU No. 2018-13 “Fair Value Measurement (Topic 820) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in this update remove disclosures that no longer are considered cost beneficial, modify/clarify the specific requirements of certain disclosures, and add disclosure requirements identified as relevant. ASU 2018-13 is effective for years beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2018-13 effective January 1, 2020, as required, without material effect on its accounting disclosures. In March 2020 in connection with the implementation of the CARES Act and related provisions, we have elected the temporary relief in the Coronavirus Aid, Relief and Economic Security Act (CARES Act) not to apply the guidance in ASC 310-40 on accounting for troubled debt restructurings (TDRs) to loan modifications related to COVID-19 made between March 1, 2020 and the earlier of (1) December 31, 2020 or (2) 60 days after the end of the COVID-19 national emergency. The relief was only applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019.

Business Combination and Asse_2

Business Combination and Asset Purchase (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 8,465 Common Shares (1,830,000 shares) 70,437 Total $ 78,902 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 6,376 Securities - available-for-sale 17,494 Other securities, at cost 2,347 Loans, net 257,183 Premises and equipment 2,538 Goodwill 43,266 Other assets 7,176 Total Assets Purchased $ 336,380 Liabilities Deposits Noninterest bearing $ 37,822 Interest bearing 168,312 Total deposits 206,134 Federal Home Loan Bank (FHLB) advances 48,196 Accrued expenses and other liabilities 3,148 Total Liabilities Assumed $ 257,478
Summary of Carrying Amount of Loans	The carrying amount of those loans is included in loans, net on the balance sheet as of December 31, 2019 and March 31, 2020. The amounts of loans at December 31, 2019 and March 31, 2020 are as follows: 2019 (In Thousands) Balance - January 1, 2019 Commercial $ 4,094 Consumer RE 231 Consumer 71 Carrying amount, net of fair value adjustment of $2,118 $ 2,278 Balance - December 31, 2019 Commercial $ 106 Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $62 $ 44 Balance - March 31, 2020 Commercial $ - Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $0 $ -
Summary of Loans Acquired and Contractually Required Payments Receivable	Loans acquired during 2019 for which it was probable at acquisition that all contractually required payments would not be collected are as follows: (In Thousands) Contractually required payments receivable at acquisition Commercial $ 4,215 Consumer RE 261 Consumer 94 Total required payments receivable $ 4,570 Cash flows expected to be collected at acquisition $ 2,788 Basis in acquired loans at acquisition $ 4,396
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 March 31, 2020 Three Months Ended March 31, 2019 (In Thousands) (In Thousands) Beginning Balance $ 2,021 $ 2,544 Additions 1 1 Accretion (106 ) (109 ) Reclassification from nonaccretable difference 62 - Disposals - - Ending Balance $ 1,978 $ 2,436
Schedule of Annual Amortization of Core Deposit Intangible Assets	Annual amortization of core deposit intangible assets is as follows: (In Thousands) (In Thousands) (In Thousands) Custar Geneva Total 2020 $ 161 $ 560 $ 721 2021 - 560 560 2022 - 560 560 2023 - 560 560 2024 - 560 560 2025 - 560 560 $ 161 $ 3,360 $ 3,521

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses	The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2020 and December 31, 2019, are as follows (In Thousands) March 31, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 10,016 $ 57 $ - $ 10,073 U.S. Government agencies 47,869 1,880 - 49,749 Mortgage-backed securities 97,726 2,968 - 100,694 State and local governments 42,393 1,215 (3 ) 43,605 Total available-for-sale securities $ 198,004 $ 6,120 $ (3 ) $ 204,121 (In Thousands) December 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 10,023 $ 10 $ (12 ) $ 10,021 U.S. Government agencies 61,882 584 (21 ) 62,445 Mortgage-backed securities 94,998 426 (227 ) 95,197 State and local governments 54,001 749 (120 ) 54,630 Total available-for-sale securities $ 220,904 $ 1,769 $ (380 ) $ 222,293
Gross Unrealized Losses, Aggregated by Investment Category and Length of Time	Information pertaining to securities with gross unrealized losses at March 31, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) March 31, 2020 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 $ - $ - $ - $ - $ - $ - U.S. Government agencies - - - - - - Mortgage-backed securities - - - - - - State and local governments (1 ) 513 (2 ) 2,044 (3 ) 2,557 Total available-for-sale securities $ (1 ) $ 513 $ (2 ) $ 2,044 $ (3 ) $ 2,557 (In Thousands) December 31, 2019 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 $ - $ - $ (12 ) $ 5,030 $ (12 ) $ 5,030 U.S. Government agencies (16 ) 10,549 (5 ) 10,745 (21 ) 21,294 Mortgage-backed securities (102 ) 27,696 (125 ) 11,332 (227 ) 39,028 State and local governments (120 ) 16,845 - - (120 ) 16,845 Total available-for-sale securities $ (238 ) $ 55,090 $ (142 ) $ 27,107 $ (380 ) $ 82,197
Gross Realized Gains and Losses	Below are the gross realized gains and losses for the three months ended March 31, 2020 and March 31, 2019. Three Months (In Thousands) 2020 2019 Gross realized gains $ 270 $ 16 Gross realized losses - (42 ) Net realized gains (losses) $ 270 $ (26 ) Tax expense (benefit) related to net realized gains (losses) $ 57 $ (5 )
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity	The amortized cost and fair value of debt securities at March 31, 2020, 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 $ 16,663 $ 16,766 After one year through five years 19,720 20,130 After five years through ten years 59,816 62,399 After ten years 4,079 4,132 Total $ 100,278 $ 103,427 Mortgage-backed securities 97,726 100,694 Total $ 198,004 $ 204,121

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans	Loan balances as of March 31, 2020 and December 31, 2019 are summarized below: (In Thousands) Loans: March 31, 2020 December 31, 2019 Consumer Real Estate $ 174,731 $ 165,349 Agricultural Real Estate 194,383 199,105 Agricultural 109,584 111,820 Commercial Real Estate 570,217 551,309 Commercial and Industrial 143,261 135,631 Consumer 49,022 49,237 Other 8,336 8,314 1,249,534 1,220,765 Less: Net deferred loan fees and costs (1,893 ) (1,766 ) 1,247,641 1,218,999 Less: Allowance for loan losses (8,533 ) (7,228 ) Loans - Net $ 1,239,108 $ 1,211,771
Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category	The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2020: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 116,954 $ 57,777 Agricultural Real Estate 93,095 101,288 Agricultural 105,065 4,519 Commercial Real Estate 419,430 150,787 Commercial and Industrial 126,434 16,827 Consumer 45,055 3,967 Other 8,277 59
Contractual Aging of the Recorded Investment in Past Due Loans by Portfolio Classification of Loans	The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2020 and December 31, 2019, net of deferred loan fees and costs: March 31, 2020 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 $ 842 $ 4 $ - $ 846 $ 173,130 $ 173,976 $ - Agricultural Real Estate 505 - - 505 193,625 194,130 - Agricultural 1,403 - - 1,403 108,304 109,707 - Commercial Real Estate 186 - - 186 568,805 568,991 - Commercial and Industrial 823 298 - 1,121 150,526 151,647 - Consumer 89 13 - 102 49,088 49,190 - Total $ 3,848 $ 315 $ - $ 4,163 $ 1,243,478 $ 1,247,641 $ - December 31, 2019 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 $ 355 $ 70 $ - $ 425 $ 164,266 $ 164,691 $ - Agricultural Real Estate - 107 - 107 198,752 198,859 - Agricultural 78 7 - 85 111,864 111,949 - Commercial Real Estate - - - - 550,082 550,082 - Commercial and Industrial 201 267 - 468 143,541 144,009 - Consumer 54 - - 54 49,355 49,409 - Total $ 688 $ 451 $ - $ 1,139 $ 1,217,860 $ 1,218,999 $ -
Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans	The following table presents the recorded investment in nonaccrual loans by class of loans as of March 31, 2020 and December 31, 2019: (In Thousands) March 31, 2020 December 31, 2019 Consumer Real Estate $ 1,363 $ 1,209 Agricultural Real Estate 967 88 Agricultural 382 1,769 Commercial Real Estate 36 37 Commercial & Industrial 590 288 Consumer 6 9 Total $ 3,344 $ 3,400
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 March 31, 2020 and December 31, 2019: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other March 31, 2020 1-2 $ 13,407 $ 2,635 $ 7,684 $ 4,124 $ - 3 32,710 36,033 147,559 24,329 3,344 4 117,824 67,419 404,548 103,357 4,992 5 15,492 1,094 3,191 5,166 - 6 14,697 2,526 6,009 5,259 - 7 - - - 1,076 - 8 - - - - - Total $ 194,130 $ 109,707 $ 568,991 $ 143,311 $ 8,336 Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2019 1-2 $ 14,655 $ 4,093 $ 7,860 $ 3,844 $ - 3 33,951 36,913 131,780 19,790 3,168 4 116,834 65,414 401,404 103,527 5,146 5 14,836 2,300 3,699 2,465 - 6 18,583 3,229 5,339 4,983 - 7 - - - 1,086 - 8 - - - - - Total $ 198,859 $ 111,949 $ 550,082 $ 135,695 $ 8,314
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 March 31, 2020 and December 31, 2019. (In Thousands) Consumer Consumer Real Estate Real Estate March 31, 2020 December 31, 2019 Grade Pass $ 170,812 $ 160,930 Special Mention (5) 1,125 415 Substandard (6) 2,039 3,346 Doubtful (7) - - Total $ 173,976 $ 164,691 (In Thousands) Consumer - Credit Consumer - Other March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Performing $ 3,576 $ 4,076 $ 45,424 $ 44,831 Nonperforming 35 15 155 487 Total $ 3,611 $ 4,091 $ 45,579 $ 45,318
Schedule of Impaired Loans	Information about impaired loans as of March 31, 2020, December 31, 2019 and March 31, 2019 are as follows: (In Thousands) March 31, 2020 December 31, 2019 March 31, 2019 Impaired loans without a valuation allowance $ 1,393 $ 2,420 $ 1,915 Impaired loans with a valuation allowance 4,795 641 254 Total impaired loans $ 6,188 $ 3,061 $ 2,169 Valuation allowance related to impaired loans $ 766 $ 197 $ 59 Total non-accrual loans $ 3,344 $ 3,400 $ 1,188 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 4,314 $ 3,120 $ 2,135 Year to date average investment in impaired loans $ 4,314 $ 2,649 $ 2,135
Impaired Loans Classified as Troubled Debt Restructured	The following tables represents three months ended March 31, 2020 and 2019: Pre- Post- Three Months Number of Modification Modification March 31, 2020 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Commercial Real Estate 2 $ 981 $ 981 Pre- Post- Three Months Number of Modification Modification March 31, 2019 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Commercial Real Estate - $ - $ -
Loans Individually Evaluated for Impairment by Portfolio Class of Loans	The following tables present loans individually evaluated for impairment by class of loans for the three months ended March 31, 2020 and March 31, 2019 and for the year ended December 31, 2019. (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2020 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 $ 644 $ 644 $ - $ 649 $ 5 $ 4 Agricultural Real Estate 30 30 - 291 3 - Agricultural 348 348 - 386 5 - Commercial Real Estate 186 186 - 224 3 - Commercial and Industrial 154 154 - 699 12 - Consumer 31 31 - 10 - - With a specific allowance recorded: Consumer Real Estate 194 194 34 212 - - Agricultural Real Estate 92 92 15 93 2 - Agricultural 121 121 12 121 - - Commercial Real Estate 3,109 3,109 95 1,036 39 - Commercial and Industrial 1,279 1,429 610 572 7 - Consumer - - - 21 - - Totals: Consumer Real Estate $ 838 $ 838 $ 34 $ 861 $ 5 $ 4 Agricultural Real Estate $ 122 $ 122 $ 15 $ 384 $ 5 $ - Agricultural $ 469 $ 469 $ 12 $ 507 $ 5 $ - Commercial Real Estate $ 3,295 $ 3,295 $ 95 $ 1,260 $ 42 $ - Commercial and Industrial $ 1,433 $ 1,583 $ 610 $ 1,271 $ 19 $ - Consumer $ 31 $ 31 $ - $ 31 $ - $ - (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2019 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 $ 648 $ 648 $ - $ 603 $ 7 $ 1 Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 192 192 - 193 3 - Commercial and Industrial 1,075 1,075 - 1,085 15 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 254 254 59 254 - - Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate - - - - - - Commercial and Industrial - - - - - - Consumer - - - - - - Totals: Consumer Real Estate $ 902 $ 902 $ 59 $ 857 $ 7 $ 1 Agricultural Real Estate $ - $ - $ - $ - $ - $ - Agricultural $ - $ - $ - $ - $ - $ - Commercial Real Estate $ 192 $ 192 $ - $ 193 $ 3 $ - Commercial and Industrial $ 1,075 $ 1,075 $ - $ 1,085 $ 15 $ - Consumer $ - $ - $ - $ - $ - $ - (In Thousands) Interest Year Ended December 31, 2019 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 $ 648 $ 648 $ - $ 626 $ 32 $ 9 Agricultural Real Estate - - - 204 - - Agricultural 491 491 - 124 - - Commercial Real Estate 299 299 - 238 19 - Commercial and Industrial 982 982 - 637 66 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 181 184 30 211 - - Agricultural Real Estate - - - 22 1 - Agricultural 200 200 21 29 - - Commercial Real Estate - - - - - - Commercial and Industrial 227 377 142 555 - - Consumer 33 33 4 3 - - Totals: Consumer Real Estate $ 829 $ 832 $ 30 $ 837 $ 32 $ 9 Agricultural Real Estate $ - $ - $ - $ 226 $ 1 $ - Agricultural $ 691 $ 691 $ 21 $ 153 $ - $ - Commercial Real Estate $ 299 $ 299 $ - $ 238 $ 19 $ - Commercial and Industrial $ 1,209 $ 1,359 $ 142 $ 1,192 $ 66 $ - Consumer $ 33 $ 33 $ 4 $ 3 $ - $ -
Summary of Activities in Allowance for Credit Losses	The following tables summarize the activities in the allowance for credit losses. (In Thousands) Three Months Ended Twelve Months Ended March 31, 2020 December 31, 2019 Allowance for Loan & Lease Losses Balance at beginning of year $ 7,228 $ 6,775 Provision for loan loss 1,430 1,138 Loans charged off (164 ) (841 ) Recoveries 39 156 Allowance for Loan & Lease Losses $ 8,533 $ 7,228 Allowance for Unfunded Loan Commitments & Letters of Credit $ 470 $ 479 Total Allowance for Credit Losses $ 9,003 $ 7,707
Analysis of Allowance for Credit Losses	Additional analysis, presented in thousands, related to the allowance for credit losses for three months ended March 31, 2020 and March 31, 2019 in addition to the ending balances as of December 31, 2019 is as follows: Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - - - (129 ) - - (164 ) Recoveries 3 - - 3 3 30 - - 39 Provision (Credit) 66 13 (26 ) 236 1,020 81 - 40 1,430 Other Non-interest expense related to unfunded - - - - - - (9 ) - (9 ) Ending Balance $ 345 $ 327 $ 665 $ 3,873 $ 2,750 $ 533 $ 470 $ 40 $ 9,003 Ending balance: individually evaluated for impairment $ 34 $ 15 $ 12 $ 95 $ 610 $ - $ - $ - $ 766 Ending balance: collectively evaluated for impairment $ 311 $ 312 $ 653 $ 3,778 $ 2,140 $ 533 $ 470 $ 40 $ 8,237 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,976 $ 194,130 $ 109,707 $ 568,991 $ 151,647 $ 49,190 $ - $ - $ 1,247,641 Ending balance: individually evaluated for impairment $ 838 $ 122 $ 469 $ 3,295 $ 1,433 $ 31 $ - $ - $ 6,188 Ending balance: collectively evaluated for impairment $ 173,093 $ 194,008 $ 109,238 $ 565,695 $ 150,111 $ 49,159 $ - $ - $ 1,241,304 Ending balance: loans acquired with deteriorated credit quality $ 45 $ - $ - $ - $ 103 $ - $ - $ - $ 148 December 31, 2019 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total ALLOWANCE FOR CREDIT LOSSES: Ending Balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Ending balance: individually evaluated for impairment $ 30 $ - $ 21 $ - $ 142 $ 4 $ - $ - $ 197 Ending balance: collectively evaluated for impairment $ 281 $ 314 $ 670 $ 3,634 $ 1,585 $ 547 $ 479 $ - $ 7,510 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 164,691 $ 198,859 $ 111,949 $ 550,082 $ 144,009 $ 49,409 $ - $ - $ 1,218,999 Ending balance: individually evaluated for impairment $ 829 $ - $ 691 $ 299 $ 1,209 $ 33 $ - $ - $ 3,061 Ending balance: collectively evaluated for impairment $ 163,816 $ 198,859 $ 111,258 $ 549,783 $ 142,694 $ 49,376 $ - $ - $ 1,215,786 Ending balance: loans acquired with deteriorated credit quality $ 46 $ - $ - $ - $ 106 $ - $ - $ - $ 152 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2019 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 247 $ 250 $ 768 $ 3,217 $ 1,305 $ 484 $ 274 $ 504 $ 7,049 Charge Offs (42 ) - - - - (165 ) - - (207 ) Recoveries - - 1 2 3 32 - - 38 Provision (Credit) 63 20 (63 ) (16 ) 182 145 - (301 ) 30 Other Non-interest expense related to unfunded - - - - - - 72 - 72 Ending Balance $ 268 $ 270 $ 706 $ 3,203 $ 1,490 $ 496 $ 346 $ 203 $ 6,982 Ending balance: individually evaluated for impairment $ 59 $ - $ - $ - $ - $ - $ - $ - $ 59 Ending balance: collectively evaluated for impairment $ 209 $ 270 $ 706 $ 3,203 $ 1,490 $ 496 $ 346 $ 203 $ 6,923 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 160,276 $ 191,736 $ 113,021 $ 440,281 $ 145,381 $ 47,770 $ - $ - $ 1,098,465 Ending balance: individually evaluated for impairment $ 902 $ - $ - $ 192 $ 1,075 $ - $ - $ - $ 2,169 Ending balance: collectively evaluated for impairment $ 159,028 $ 191,736 $ 113,021 $ 440,089 $ 142,263 $ 47,770 $ - $ - $ 1,093,907 Ending balance: loans acquired with deteriorated credit quality $ 346 $ - $ - $ - $ 2,043 $ - $ - $ - $ 2,389

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Calculation of Basic Earnings Per Share	(in thousands of dollars) Three Months Ended March 31, 2020 March 31, 2019 Earnings per share Net income $ 4,105 $ 3,224 Less: distributed earnings allocated to participating securities (13 ) (12 ) Less: undistributed earnings allocated to participating securities (20 ) (12 ) Net earnings available to common shareholders $ 4,072 $ 3,200 Weighted average common shares outstanding including participating securities 11,134,870 11,089,839 Less: average unvested restricted shares (84,732 ) (83,417 ) Weighted average common shares outstanding 11,050,138 11,006,422 Basic earnings and diluted per share $ 0.37 $ 0.29

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Estimated Fair Values and Related Carrying or Notional Amounts	The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of March 31, 2020 and December 31, 2019 are reflected below. (In Thousands) March 31, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 90,837 $ 90,837 $ 90,837 $ - $ - Interest-bearing time deposits 4,869 4,834 - 4,834 - Securities - available-for-sale 204,121 204,121 10,073 192,511 1,537 Other securities 5,810 5,810 - - 5,810 Loans held for sale 2,153 2,153 - - 2,153 Loans, net 1,239,108 1,216,038 - - 1,216,038 Interest receivable 7,114 7,114 - - 7,114 Financial Liabilities: Interest bearing deposits $ 804,990 $ 805,033 $ - $ - $ 805,033 Non-interest bearing deposits 261,786 261,786 - 261,786 - Time deposits 281,931 284,636 - - 284,636 Total Deposits 1,348,707 1,351,455 - 261,786 1,089,669 Federal funds purchased and securities sold under agreement to repurchase 30,585 30,585 - - 30,585 Federal Home Loan Bank advances 24,788 24,858 - - 24,858 Interest payable 727 727 - - 727 (In Thousands) December 31, 2019 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 51,296 $ 51,296 $ 51,296 $ - $ - Interest-bearing time deposits 4,309 4,331 - 4,331 - Securities - available-for-sale 222,293 222,293 10,021 210,782 1,490 Other securities 5,810 5,810 - - 5,810 Loans held for sale 4,248 4,248 - - 4,248 Loans, net 1,211,771 1,188,014 - - 1,188,014 Interest receivable 6,769 6,769 - - 6,769 Financial Liabilities: Interest bearing deposits $ 746,628 $ 746,691 $ - $ - $ 746,691 Non-interest bearing deposits 265,156 265,156 - 265,156 - Time deposits 276,563 277,008 - - 277,008 Total Deposits 1,288,347 1,288,855 - 265,156 1,023,699 Federal funds purchased and securities sold under agreement to repurchase 48,073 48,073 - - 48,073 Federal Home Loan Bank advances 24,806 24,811 - - 24,811 Interest payable 754 754 - - 754
Financial Assets Measured at Fair Value on Recurring Basis	The following summarizes financial assets measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) March 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ 10,073 $ - $ - U.S. Government agencies - 49,749 - Mortgage-backed securities - 100,694 - State and local governments - 42,068 1,537 Total Securities Available-for-Sale $ 10,073 $ 192,511 $ 1,537 December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ 10,021 $ - $ - U.S. Government agencies - 62,445 - Mortgage-backed securities - 95,197 - State and local governments - 53,140 1,490 Total Securities Available-for-Sale $ 10,021 $ 210,782 $ 1,490
Changes in the Level 3 Fair-Value Category of Which 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 month periods ended March 31, 2020 and March 31, 2019. (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2020 $ - $ 1,490 $ 1,490 Change in Market Value - 47 47 Payments & Maturities - - - Balance at March 31, 2020 $ - $ 1,537 $ 1,537 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2019 $ - $ 1,427 $ 1,427 Change in Market Value - 16 16 Payments & Maturities - - - Balance at March 31, 2019 $ - $ 1,443 $ 1,443
Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted March 31, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,537 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0-5% (1.88%) Collateral dependent impaired loans 3,251 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0-50% (4.26%) Other real estate owned - commercial - Appraisals Discount to reflect current market — % ( — ) (In Thousands) Range Fair Value at (Weighted December 31, 2019 Valuation Technique Unobservable Inputs Average) State and local government $ 1,490 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0-5% (2.52%) Collateral dependent impaired loans 444 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0-50% (30.73%) Other real estate owned - commercial 164 Appraisals Discount to reflect current market 0-20% (23.31% )
Impaired Loans and Other Real Estate	The following table presents impaired loans and other real estate owned as recorded at fair value on March 31, 2020 and December 31, 2019 Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2020 (In Thousands) Balance at March 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 3,251 $ - $ - $ 3,251 Other real estate owned - commercial - - - - Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2019 (In Thousands) Balance at December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 444 $ - $ - $ 444 Other real estate owned - commercial 164 - - 164

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)	3 Months Ended
	Mar. 31, 2020
Brokers And Dealers [Abstract]
Schedule of Remaining Contractual Maturity in Repurchase Agreements	March 31, 2020 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Federal funds purchased $ - $ - $ - $ - $ - Repurchase agreements US Treasury & agency securities 1,324 - - 29,261 30,585 $ 1,324 $ - $ - $ 29,261 $ 30,585 December 31, 2019 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Federal funds purchased $ 17,843 $ - $ - $ - $ 17,843 Repurchase agreements US Treasury & agency securities 1,814 - 3,965 24,451 30,230 $ 19,657 $ - $ 3,965 $ 24,451 $ 48,073

Basis of Presentation and Oth_2

Basis of Presentation and Other - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020USD ($)
Accounting Policies [Abstract]
Amount of reclassification effect	$ 0

Business Combination and Asse_3

Business Combination and Asset Purchase - Additional Information (Detail) $ / shares in Units, $ in Thousands	Jan. 01, 2019USD ($)Office$ / sharesshares	Dec. 13, 2013USD ($)	Mar. 31, 2020USD ($)shares	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)shares
Business Acquisition [Line Items]
Common stock, shares outstanding | shares			12,230,000		12,230,000
Recognition of core deposit intangible asset with acquired purchase			$ 3,900
Remaining economic useful life			7 years
Goodwill			$ 47,340		$ 47,340
Fair value adjustment of loans acquired and accounted	$ 2,118		0		$ 62
Amortization expense			182	$ 182
Amortization expense			$ 721
Core Deposits [Member] | Custar [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 1,170
Remaining economic useful life			7 years
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share | shares	1,830,000
Total consideration for acquisition	$ 78,902			78,902
Cash paid for acquisition	8,465
Stock issued for acquisition	70,437
Goodwill	43,266
Limberlost Bancshares, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 3,900
Remaining economic useful life	7 years
Bank of Geneva [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office	6
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
Cash paid for acquisition	8,500			$ 8,465
Stock issued for acquisition	$ 70,400

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	Jan. 01, 2019	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Assets
Goodwill			$ 47,340	$ 47,340
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Cash	$ 8,465
Common Shares (1,830,000 shares)	70,437
Total	78,902	$ 78,902
Assets
Cash and cash equivalents	6,376
Securities - available-for-sale	17,494
Other securities, at cost	2,347
Loans, net	257,183
Premises and equipment	2,538
Goodwill	43,266
Other assets	7,176
Total Assets Purchased	336,380
Deposits
Noninterest bearing	37,822
Interest bearing	168,312
Total deposits	206,134
Federal Home Loan Bank (FHLB) advances	48,196
Accrued expenses and other liabilities	3,148
Total Liabilities Assumed	$ 257,478

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)	Jan. 01, 2019shares
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share	1,830,000

Business Combination and Asse_6

Business Combination and Asset Purchase - Summary of Carrying Amount of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 44	$ 2,278
Commercial [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 106	4,094
Consumer RE [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment		231
Consumer [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment		$ 71

Business Combination and Asse_7

Business Combination and Asset Purchase - Summary of Carrying Amount of Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Business Combinations [Abstract]
Fair value adjustment	$ 0	$ 62	$ 2,118

Business Combination and Asse_8

Business Combination and Asset Purchase - Summary of Loans Acquired and Contractually Required Payments Receivable (Detail) $ in Thousands	Mar. 31, 2020USD ($)
Business Acquisition [Line Items]
Total required payments receivable	$ 4,570
Cash flows expected to be collected at acquisition	2,788
Basis in acquired loans at acquisition	4,396
Commercial [Member]
Business Acquisition [Line Items]
Total required payments receivable	4,215
Consumer RE [Member]
Business Acquisition [Line Items]
Total required payments receivable	261
Consumer [Member]
Business Acquisition [Line Items]
Total required payments receivable	$ 94

Business Combination and Asse_9

Business Combination and Asset Purchase - Summary of Changes in Accretable Yield or Income Expected to be Collected (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Business Combinations [Abstract]
Beginning Balance	$ 2,021	$ 2,544
Additions	1	1
Accretion	(106)	(109)
Reclassification from nonaccretable difference	62
Ending Balance	$ 1,978	$ 2,436

Business Combination and Ass_10

Business Combination and Asset Purchase - Schedule of Annual Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Mar. 31, 2020USD ($)
Business Acquisition [Line Items]
2020	$ 721
2021	560
2022	560
2023	560
2024	560
2025	560
Finite-Lived Intangible Assets, Net	3,521
Custar [Member]
Business Acquisition [Line Items]
2020	161
Finite-Lived Intangible Assets, Net	161
Geneva [Member]
Business Acquisition [Line Items]
2020	560
2021	560
2022	560
2023	560
2024	560
2025	560
Finite-Lived Intangible Assets, Net	$ 3,360

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 198,004	$ 220,904
Gross Unrealized Gains	6,120	1,769
Gross Unrealized Losses	(3)	(380)
Fair Value	204,121	222,293
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,016	10,023
Gross Unrealized Gains	57	10
Gross Unrealized Losses		(12)
Fair Value	10,073	10,021
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	47,869	61,882
Gross Unrealized Gains	1,880	584
Gross Unrealized Losses		(21)
Fair Value	49,749	62,445
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	97,726	94,998
Gross Unrealized Gains	2,968	426
Gross Unrealized Losses		(227)
Fair Value	100,694	95,197
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	42,393	54,001
Gross Unrealized Gains	1,215	749
Gross Unrealized Losses	(3)	(120)
Fair Value	$ 43,605	$ 54,630

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Investments pledged, carrying value	$ 88.7	$ 88.8
Minimum [Member]
Schedule of Available-for-sale Securities [Line Items]
Underwater security	10 years
Loss position existed	3 years

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses, Aggregated by Investment Category and Length of Time (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (1)	$ (238)
Fair Value, Less Than Twelve Months	513	55,090
Gross Unrealized Losses, Twelve Months and Over	(2)	(142)
Fair Value, Twelve Months and Over	2,044	27,107
Gross Unrealized Losses, Total	(3)	(380)
Fair Value, Total	2,557	82,197
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Twelve Months and Over		(12)
Fair Value, Twelve Months and Over		5,030
Gross Unrealized Losses, Total		(12)
Fair Value, Total		5,030
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months		(16)
Fair Value, Less Than Twelve Months		10,549
Gross Unrealized Losses, Twelve Months and Over		(5)
Fair Value, Twelve Months and Over		10,745
Gross Unrealized Losses, Total		(21)
Fair Value, Total		21,294
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months		(102)
Fair Value, Less Than Twelve Months		27,696
Gross Unrealized Losses, Twelve Months and Over		(125)
Fair Value, Twelve Months and Over		11,332
Gross Unrealized Losses, Total		(227)
Fair Value, Total		39,028
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1)	(120)
Fair Value, Less Than Twelve Months	513	16,845
Gross Unrealized Losses, Twelve Months and Over	(2)
Fair Value, Twelve Months and Over	2,044
Gross Unrealized Losses, Total	(3)	(120)
Fair Value, Total	$ 2,557	$ 16,845

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Available For Sale Securities Gross Realized Gain Loss [Abstract]
Gross realized gains	$ 270	$ 16
Gross realized losses		(42)
Net realized gains (losses)	270	(26)
Tax expense (benefit) related to net realized gains (losses)	$ 57	$ (5)

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 16,663
Amortized Cost, After one year through five years	19,720
Amortized Cost, After five years through ten years	59,816
Amortized Cost, After ten years	4,079
Amortized Cost, Total	100,278
Amortized Cost, Mortgage-backed securities	97,726
Amortized Cost	198,004	$ 220,904
Fair Value, One year or less	16,766
Fair Value, After one year through five years	20,130
Fair Value, After five years through ten years	62,399
Fair Value, After ten years	4,132
Fair Value, Total	103,427
Fair Value, Mortgage-backed securities	100,694
Total, Fair Value	$ 204,121	$ 222,293

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans:
Loans - Gross	$ 1,249,534	$ 1,220,765
Less: Net deferred loan fees and costs	(1,893)	(1,766)
Loans after net deferred loan fees and costs	1,247,641	1,218,999	$ 1,098,465
Less: Allowance for loan losses	(8,533)	(7,228)		$ (6,775)
Loans - Net	1,239,108	1,211,771
Consumer Real Estate [Member]
Loans:
Loans - Gross	174,731	165,349
Loans after net deferred loan fees and costs	173,976	164,691	160,276
Agricultural Real Estate [Member]
Loans:
Loans - Gross	194,383	199,105
Loans after net deferred loan fees and costs	194,130	198,859	191,736
Agricultural [Member]
Loans:
Loans - Gross	109,584	111,820
Loans after net deferred loan fees and costs	109,707	111,949	113,021
Commercial Real Estate [Member]
Loans:
Loans - Gross	570,217	551,309
Loans after net deferred loan fees and costs	568,991	550,082	440,281
Commercial and Industrial [Member]
Loans:
Loans - Gross	143,261	135,631
Loans after net deferred loan fees and costs	143,311	135,695
Consumer [Member]
Loans:
Loans - Gross	49,022	49,237
Loans after net deferred loan fees and costs	49,190	49,409	$ 47,770
Other Loan [Member]
Loans:
Loans - Gross	8,336	8,314
Loans after net deferred loan fees and costs	$ 8,336	$ 8,314

Loans - Distribution of Fixed R

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) $ in Thousands	Mar. 31, 2020USD ($)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 116,954
Distribution of variable rate loans by major loan category, Variable Rate	57,777
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	93,095
Distribution of variable rate loans by major loan category, Variable Rate	101,288
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	105,065
Distribution of variable rate loans by major loan category, Variable Rate	4,519
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	419,430
Distribution of variable rate loans by major loan category, Variable Rate	150,787
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	126,434
Distribution of variable rate loans by major loan category, Variable Rate	16,827
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	45,055
Distribution of variable rate loans by major loan category, Variable Rate	3,967
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	8,277
Distribution of variable rate loans by major loan category, Variable Rate	$ 59

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Residential mortgage loan	$ 42.7	$ 42.1

Loans - Contractual Aging of Re

Loans - Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 4,163	$ 1,139
Current	1,243,478	1,217,860
Loans after net deferred loan fees and costs	1,247,641	1,218,999	$ 1,098,465
Recorded Investment > 90 Days and Accruing	0	0	0
30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,848	688
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	315	451
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	846	425
Current	173,130	164,266
Loans after net deferred loan fees and costs	173,976	164,691	160,276
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	842	355
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4	70
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	505	107
Current	193,625	198,752
Loans after net deferred loan fees and costs	194,130	198,859	191,736
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	505
Agricultural Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		107
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,403	85
Current	108,304	111,864
Loans after net deferred loan fees and costs	109,707	111,949	113,021
Agricultural [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,403	78
Agricultural [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		7
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	186
Current	568,805	550,082
Loans after net deferred loan fees and costs	568,991	550,082	440,281
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	186
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,121	468
Current	150,526	143,541
Loans after net deferred loan fees and costs	151,647	144,009	145,381
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	823	201
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	298	267
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	102	54
Current	49,088	49,355
Loans after net deferred loan fees and costs	49,190	49,409	$ 47,770
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	89	$ 54
Consumer [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 13

Loans - Recorded Investment in

Loans - Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 3,344	$ 3,400	$ 1,188
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,363	1,209
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	967	88
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	382	1,769
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	36	37
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	590	288
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 6	$ 9

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment period of loan with a reasonable reduction of principal balance	2 years
Good [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Leverage position	1.50%
Satisfactory [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Leverage position	2.00%

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Portfolio Class (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,247,641	$ 1,218,999	$ 1,098,465
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	194,130	198,859	191,736
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	109,707	111,949	113,021
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	568,991	550,082	$ 440,281
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	143,311	135,695
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	8,336	8,314
1-2 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	13,407	14,655
1-2 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,635	4,093
1-2 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	7,684	7,860
1-2 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,124	3,844
3 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	32,710	33,951
3 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	36,033	36,913
3 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	147,559	131,780
3 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	24,329	19,790
3 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,344	3,168
4 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	117,824	116,834
4 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	67,419	65,414
4 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	404,548	401,404
4 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	103,357	103,527
4 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,992	5,146
5 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	15,492	14,836
5 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,094	2,300
5 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,191	3,699
5 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	5,166	2,465
6 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	14,697	18,583
6 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,526	3,229
6 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	6,009	5,339
6 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	5,259	4,983
7 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,076	$ 1,086

Loans - Recorded Investment for

Loans - Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,247,641	$ 1,218,999	$ 1,098,465
Performing	148	152	2,389
Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,611	4,091
Consumer - Credit [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,576	4,076
Consumer - Credit [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	35	15
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	45,579	45,318
Consumer - Other [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	45,424	44,831
Consumer - Other [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	155	487
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	173,976	164,691	160,276
Performing	45	46	$ 346
Pass [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	170,812	160,930
5 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,125	415
6 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,039	$ 3,346

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2019
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 1,393	$ 2,420	$ 1,915	$ 2,420
Impaired loans with a valuation allowance	4,795	641	254	641
Total impaired loans	6,188	3,061	2,169	3,061
Valuation allowance related to impaired loans	766	197	59	197
Total non-accrual loans	3,344	3,400	1,188	3,400
Total loans past-due ninety days or more and still accruing	0	0	0	0
Average investment in impaired loans	$ 4,314	$ 3,120	$ 2,135	$ 2,649

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)ContractLoan	Mar. 31, 2019USD ($)Loan	Dec. 31, 2019USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Additional funds available to be advanced in connection with impaired loans	$ 45,000
Impaired loans classified as troubled debt restructured	$ 1,900,000	$ 173,000	$ 1,000,000
Number of contracts modified | Loan	2		0
TDR loans, subsequently defaulted during the period	0	0
TDR impaired loans paid off | Loan	1	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	120 days
Delinquent period for charging down commercial and agricultural credits	120 days
Foreclosed residential real estate property	$ 185,000		$ 214,000
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Foreclosed residential real estate property	50,000	$ 0
Residential real estate properties foreclosure proceedings	$ 292,000	$ 639,000
Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract	0
Payment Changes from Monthly Payment to Principal and Interest at Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract	2
Loan maturity date	Jun. 19, 2020

Loans - Impaired Loans Classifi

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)ContractLoan	Dec. 31, 2019Loan
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Loan	2	0
Commercial Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Contract	2
Pre-Modification Outstanding Recorded Investment	$ 981
Post-Modification Outstanding Recorded Investment	$ 981

Loans - Loans Individually Eval

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 1,393	$ 2,420	$ 1,915	$ 2,420
With a specific allowance recorded, Recorded Investment	4,795	641	254	641
Related Allowance	766	197	59	197
Recorded Investment	6,188	3,061	2,169	3,061
Average Recorded Investment	4,314	3,120	2,135	2,649
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	644	648	648	648
With no related allowance recorded, Unpaid Principal Balance	644	648	648	648
With no related allowance recorded, Average Recorded Investment	649		603	626
With no related allowance recorded, Interest Income Recognized	5		7	32
With no related allowance recorded, Interest Income Recognized Cash Basis	4		1	9
With a specific allowance recorded, Recorded Investment	194	181	254	181
With a specific allowance recorded, Unpaid Principal Balance	194	184	254	184
Related Allowance	34	30	59	30
With a specific allowance recorded, Average Recorded Investment	212		254	211
Recorded Investment	838	829	902	829
Unpaid Principal Balance	838	832	902	832
Average Recorded Investment	861		857	837
Interest Income Recognized	5		7	32
Interest Income Recognized Cash Basis	4		1	9
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	30
With no related allowance recorded, Unpaid Principal Balance	30
With no related allowance recorded, Average Recorded Investment	291			204
With no related allowance recorded, Interest Income Recognized	3
With a specific allowance recorded, Recorded Investment	92
With a specific allowance recorded, Unpaid Principal Balance	92
Related Allowance	15
With a specific allowance recorded, Average Recorded Investment	93			22
With a specific allowance recorded, Interest Income Recognized	2			1
Recorded Investment	122
Unpaid Principal Balance	122
Average Recorded Investment	384			226
Interest Income Recognized	5			1
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	348	491		491
With no related allowance recorded, Unpaid Principal Balance	348	491		491
With no related allowance recorded, Average Recorded Investment	386			124
With no related allowance recorded, Interest Income Recognized	5
With a specific allowance recorded, Recorded Investment	121	200		200
With a specific allowance recorded, Unpaid Principal Balance	121	200		200
Related Allowance	12	21		21
With a specific allowance recorded, Average Recorded Investment	121			29
Recorded Investment	469	691		691
Unpaid Principal Balance	469	691		691
Average Recorded Investment	507			153
Interest Income Recognized	5
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	186	299	192	299
With no related allowance recorded, Unpaid Principal Balance	186	299	192	299
With no related allowance recorded, Average Recorded Investment	224		193	238
With no related allowance recorded, Interest Income Recognized	3		3	19
With a specific allowance recorded, Recorded Investment	3,109
With a specific allowance recorded, Unpaid Principal Balance	3,109
Related Allowance	95
With a specific allowance recorded, Average Recorded Investment	1,036
With a specific allowance recorded, Interest Income Recognized	39
Recorded Investment	3,295	299	192	299
Unpaid Principal Balance	3,295	299	192	299
Average Recorded Investment	1,260		193	238
Interest Income Recognized	42		3	19
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	154	982	1,075	982
With no related allowance recorded, Unpaid Principal Balance	154	982	1,075	982
With no related allowance recorded, Average Recorded Investment	699		1,085	637
With no related allowance recorded, Interest Income Recognized	12		15	66
With a specific allowance recorded, Recorded Investment	1,279	227		227
With a specific allowance recorded, Unpaid Principal Balance	1,429	377		377
Related Allowance	610	142		142
With a specific allowance recorded, Average Recorded Investment	572			555
With a specific allowance recorded, Interest Income Recognized	7
Recorded Investment	1,433	1,209	1,075	1,209
Unpaid Principal Balance	1,583	1,359	1,075	1,359
Average Recorded Investment	1,271		1,085	1,192
Interest Income Recognized	19		$ 15	66
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	31
With no related allowance recorded, Unpaid Principal Balance	31
With no related allowance recorded, Average Recorded Investment	10
With a specific allowance recorded, Recorded Investment		33		33
With a specific allowance recorded, Unpaid Principal Balance		33		33
Related Allowance		4		4
With a specific allowance recorded, Average Recorded Investment	21			3
Recorded Investment	31	33		33
Unpaid Principal Balance	31	$ 33		33
Average Recorded Investment	$ 31			$ 3

Loans - Summary of Activities i

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses
Balance at beginning of year	$ 7,228	$ 6,775	$ 6,775
Provision for loan loss	1,430	30	1,138
Loans charged off	(164)	(207)	(841)
Recoveries	39	38	156
Balance at ending of year	8,533		7,228
Allowance for Unfunded Loan Commitments & Letters of Credit	470		479
Total Allowance for Credit Losses	$ 9,003	$ 6,982	$ 7,707	$ 7,049

Loans - Analysis of Allowance f

Loans - Analysis of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$ 7,707	$ 7,049	$ 7,049
Charge Offs	(164)	(207)	(841)
Recoveries	39	38	156
Provision (Credit)	1,430	30	1,138
Other Non-interest expense related to unfunded	(9)	72
Ending Balance	9,003	6,982	7,707
Ending balance: individually evaluated for impairment	766	59	197
Ending balance: collectively evaluated for impairment	8,237	6,923	7,510
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	1,247,641	1,098,465	1,218,999
Ending balance: individually evaluated for impairment	6,188	2,169	3,061
Ending balance: collectively evaluated for impairment	1,241,304	1,093,907	1,215,786
Ending balance: loans acquired with deteriorated credit quality	148	2,389	152
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	311	247	247
Charge Offs	(35)	(42)
Recoveries	3
Provision (Credit)	66	63
Ending Balance	345	268	311
Ending balance: individually evaluated for impairment	34	59	30
Ending balance: collectively evaluated for impairment	311	209	281
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	173,976	160,276	164,691
Ending balance: individually evaluated for impairment	838	902	829
Ending balance: collectively evaluated for impairment	173,093	159,028	163,816
Ending balance: loans acquired with deteriorated credit quality	45	346	46
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	314	250	250
Provision (Credit)	13	20
Ending Balance	327	270	314
Ending balance: individually evaluated for impairment	15
Ending balance: collectively evaluated for impairment	312	270	314
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	194,130	191,736	198,859
Ending balance: individually evaluated for impairment	122
Ending balance: collectively evaluated for impairment	194,008	191,736	198,859
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	691	768	768
Recoveries		1
Provision (Credit)	(26)	(63)
Ending Balance	665	706	691
Ending balance: individually evaluated for impairment	12		21
Ending balance: collectively evaluated for impairment	653	706	670
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	109,707	113,021	111,949
Ending balance: individually evaluated for impairment	469		691
Ending balance: collectively evaluated for impairment	109,238	113,021	111,258
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	3,634	3,217	3,217
Recoveries	3	2
Provision (Credit)	236	(16)
Ending Balance	3,873	3,203	3,634
Ending balance: individually evaluated for impairment	95
Ending balance: collectively evaluated for impairment	3,778	3,203	3,634
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	568,991	440,281	550,082
Ending balance: individually evaluated for impairment	3,295	192	299
Ending balance: collectively evaluated for impairment	565,695	440,089	549,783
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	1,727	1,305	1,305
Recoveries	3	3
Provision (Credit)	1,020	182
Ending Balance	2,750	1,490	1,727
Ending balance: individually evaluated for impairment	610		142
Ending balance: collectively evaluated for impairment	2,140	1,490	1,585
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	151,647	145,381	144,009
Ending balance: individually evaluated for impairment	1,433	1,075	1,209
Ending balance: collectively evaluated for impairment	150,111	142,263	142,694
Ending balance: loans acquired with deteriorated credit quality	103	2,043	106
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	551	484	484
Charge Offs	(129)	(165)
Recoveries	30	32
Provision (Credit)	81	145
Ending Balance	533	496	551
Ending balance: individually evaluated for impairment			4
Ending balance: collectively evaluated for impairment	533	496	547
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Ending balance	49,190	47,770	49,409
Ending balance: individually evaluated for impairment	31		33
Ending balance: collectively evaluated for impairment	49,159	47,770	49,376
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance		504	504
Provision (Credit)	40	(301)
Ending Balance	40	203
Ending balance: collectively evaluated for impairment	40	203
Ending balance: loans acquired with deteriorated credit quality	0	0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	479	274	274
Other Non-interest expense related to unfunded	(9)	72
Ending Balance	470	346	479
Ending balance: collectively evaluated for impairment	470	346	479
Ending balance: loans acquired with deteriorated credit quality	$ 0	$ 0	$ 0

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 4,105	$ 3,224
Less: distributed earnings allocated to participating securities	(13)	(12)
Less: undistributed earnings allocated to participating securities	(20)	(12)
Net earnings available to common shareholders	$ 4,072	$ 3,200
Weighted average common shares outstanding including participating securities	11,134,870	11,089,839
Less: average unvested restricted shares	(84,732)	(83,417)
Weighted average common shares outstanding	11,050,138	11,006,422
Basic earnings and diluted per share	$ 0.37	$ 0.29

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest-bearing deposits maturing date	90 days
Collateral dependent impaired loans categorized as Level 3	$ 6,188	$ 3,061	$ 2,169
Specific allocation for collateral dependent impaired loans	766	197	$ 59
Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Specific allocation for collateral dependent impaired loans	145	197
Level 3 [Member] | Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 3,300	$ 444

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Assets:
Securities - available-for-sale	$ 204,121	$ 222,293
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	90,837	51,296
Interest-bearing time deposits	4,869	4,309
Securities - available-for-sale	204,121	222,293
Other securities	5,810	5,810
Loans held for sale	2,153	4,248
Loans, net	1,239,108	1,211,771
Interest receivable	7,114	6,769
Financial Liabilities:
Total Deposits	1,348,707	1,288,347
Federal funds purchased and securities sold under agreement to repurchase	30,585	48,073
Federal Home Loan Bank advances	24,788	24,806
Interest payable	727	754
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	90,837	51,296
Interest-bearing time deposits	4,834	4,331
Securities - available-for-sale	204,121	222,293
Other securities	5,810	5,810
Loans held for sale	2,153	4,248
Loans, net	1,216,038	1,188,014
Interest receivable	7,114	6,769
Financial Liabilities:
Total Deposits	1,351,455	1,288,855
Federal funds purchased and securities sold under agreement to repurchase	30,585	48,073
Federal Home Loan Bank advances	24,858	24,811
Interest payable	727	754
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	804,990	746,628
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	805,033	746,691
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	261,786	265,156
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	261,786	265,156
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	281,931	276,563
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	284,636	277,008
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	90,837	51,296
Securities - available-for-sale	10,073	10,021
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	4,834	4,331
Securities - available-for-sale	192,511	210,782
Financial Liabilities:
Total Deposits	261,786	265,156
Level 2 [Member] | Non Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	261,786	265,156
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	1,537	1,490
Other securities	5,810	5,810
Loans held for sale	2,153	4,248
Loans, net	1,216,038	1,188,014
Interest receivable	7,114	6,769
Financial Liabilities:
Total Deposits	1,089,669	1,023,699
Federal funds purchased and securities sold under agreement to repurchase	30,585	48,073
Federal Home Loan Bank advances	24,858	24,811
Interest payable	727	754
Level 3 [Member] | Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	805,033	746,691
Level 3 [Member] | Time Deposits [Member]
Financial Liabilities:
Total Deposits	$ 284,636	$ 277,008

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 204,121	$ 222,293
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	10,073	10,021
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	10,073	10,021
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	192,511	210,782
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	192,511	210,782
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,537	1,490
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	1,537	1,490
U.S. Treasury [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	10,073	10,021
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	10,073	10,021
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	49,749	62,445
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	49,749	62,445
Mortgage-backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	100,694	95,197
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	100,694	95,197
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	43,605	54,630
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	42,068	53,140
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	1,537	1,490
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	$ 1,537	$ 1,490

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Changes in the Level 3 Fair Value Category of Unobservable Inputs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 1,490	$ 1,427
Change in Market Value	47	16
Payments & Maturities	0	0
Ending Balance	1,537	1,443
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,490	1,427
Change in Market Value	47	16
Payments & Maturities	0	0
Ending Balance	$ 1,537	$ 1,443

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 204,121	$ 222,293
State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	43,605	54,630
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,537	1,490
Level 3 [Member] | State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 1,537	$ 1,490
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	$ 3,251	$ 444
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	fmao:MeasurementInputCollateralBasedPriceMember	fmao:MeasurementInputCollateralBasedPriceMember
Level 3 [Member] | Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 164
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	us-gaap:MeasurementInputAppraisedValueMember	us-gaap:MeasurementInputAppraisedValueMember
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	0
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	0
Level 3 [Member] | Minimum [Member] | Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	0	0
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	5	5
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	50	50
Level 3 [Member] | Maximum [Member] | Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	0	20
Level 3 [Member] | Weighted Average [Member] | State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.88	2.52
Level 3 [Member] | Weighted Average [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	4.26	30.73
Level 3 [Member] | Weighted Average [Member] | Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	0	23.31

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Impaired Loans and Other Real Estate (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
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	$ 3,251	$ 444
Other Real Estate Owned-Commercial [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total		164
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	3,251	444
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	$ 3,251	444
Fair Value on Nonrecurring Basis [Member] | Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total		164
Fair Value on Nonrecurring Basis [Member] | Other Real Estate Owned-Commercial [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total		$ 164

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Fees And Commissions Income [Abstract]
Federal funds purchased	$ 0	$ 17,843,000
Securities sold under agreements to repurchase	$ 30,600,000	$ 30,200,000

Federal Funds Purchased and S_4

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Schedule of Remaining Contractual Maturity in Repurchase Agreements (Detail) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased	$ 0	$ 17,843,000
Repurchase agreements, Remaining contractual maturity of the agreements	30,600,000	30,200,000
Total	30,585,000	48,073,000
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased		17,843,000
Total	1,324,000	19,657,000
30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total		3,965,000
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	29,261,000	24,451,000
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	30,585,000	30,230,000
US Treasury & Agency Securities [Member] | Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,324,000	1,814,000
US Treasury & Agency Securities [Member] | 30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements		3,965,000
US Treasury & Agency Securities [Member] | Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 29,261,000	$ 24,451,000