Farmers & Merchants Bancorp (FMAO) 10-Q 29 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP, INC.
Entity Central Index Key	0000792966
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		11,129,025
Entity File Number	001-38084
Entity Tax Identification Number	34-1469491
Entity Address, Address Line One	307 North Defiance Street
Entity Address, City or Town	Archbold
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43502
City Area Code	(419)
Local Phone Number	446-2501
Entity Incorporation, State or Country Code	OH
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 54,336	$ 50,137
Federal funds sold	31,105	1,159
Total cash and cash equivalents	85,441	51,296
Interest-bearing time deposits	4,636	4,309
Securities - available-for-sale	236,292	222,293
Other securities, at cost	5,810	5,810
Loans held for sale	11,445	4,248
Loans, net	1,334,790	1,211,771
Premises and equipment	26,049	26,283
Construction in progress		68
Goodwill	47,340	47,340
Mortgage servicing rights	2,740	2,629
Other real estate owned	135	214
Bank owned life insurance	15,399	15,235
Other assets	14,370	15,834
Total Assets	1,784,447	1,607,330
Deposits
Noninterest-bearing	336,027	265,156
Interest-bearing
NOW accounts	504,846	423,655
Savings	374,871	322,973
Time	261,631	276,563
Total deposits	1,477,375	1,288,347
Federal funds purchased and securities sold under agreements to repurchase	30,949	48,073
Federal Home Loan Bank (FHLB) advances	19,087	24,806
Dividend payable	1,768	1,768
Accrued expenses and other liabilities	14,971	14,078
Total liabilities	1,544,150	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 6/30/20 and 12/31/19	82,134	81,535
Treasury stock - 1,100,975 shares 6/30/20, 1,093,065 shares 12/31/19	(12,668)	(12,456)
Retained earnings	165,476	160,081
Accumulated other comprehensive income	5,355	1,098
Total stockholders' equity	240,297	230,258
Total Liabilities and Stockholders' Equity	$ 1,784,447	$ 1,607,330

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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	1,100,975	1,093,065

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest Income
Loans, including fees	$ 16,192	$ 16,723	$ 32,075	$ 31,403
Debt securities:
U.S. Treasury and government agencies	767	816	1,913	1,529
Municipalities	243	211	505	422
Dividends	26	76	71	164
Federal funds sold	5	162	11	199
Other	40	295	162	428
Total interest income	17,273	18,283	34,737	34,145
Interest Expense
Deposits	2,254	3,339	5,155	5,952
Federal funds purchased and securities sold under agreements to repurchase	187	141	431	326
Borrowed funds	257	269	523	556
Total interest expense	2,698	3,749	6,109	6,834
Net Interest Income - Before Provision for Loan Losses	14,575	14,534	28,628	27,311
Provision for Loan Losses	1,569	133	2,999	163
Net Interest Income After Provision for Loan Losses	13,006	14,401	25,629	27,148
Noninterest Income
Net gain on sale of loans	364	196	591	298
Net gain (loss) on sale of available-for-sale securities			270	(26)
Total noninterest income	3,326	2,981	6,448	5,676
Noninterest Expense
Salaries and wages	4,095	3,830	8,318	8,142
Employee benefits	1,218	1,223	2,895	2,817
Net occupancy expense	564	614	1,128	1,281
Furniture and equipment	750	763	1,508	1,459
Data processing	408	376	850	1,675
Franchise taxes	369	229	737	487
ATM expense	376	418	790	865
Advertising	265	382	568	642
Net (gain) loss on sale of other assets owned	(7)	28	(6)	43
FDIC assessment	144	98	216	194
Mortgage servicing rights amortization	356	105	488	180
Consulting fees	217	95	356	208
Other general and administrative	1,639	1,551	3,241	3,230
Total noninterest expense	10,394	9,712	21,089	21,223
Income Before Income Taxes	5,938	7,670	10,988	11,601
Income Taxes	1,134	1,490	2,079	2,197
Net Income	$ 4,804	$ 6,180	$ 8,909	$ 9,404
Basic and Diluted Earnings Per Share	$ 0.43	$ 0.56	$ 0.80	$ 0.85
Dividends Declared	$ 0.16	$ 0.15	$ 0.32	$ 0.30
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 2,258	$ 1,694	$ 3,844	$ 3,272
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 704	$ 1,091	$ 1,743	$ 2,132

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 4,804	$ 6,180	$ 8,909	$ 9,404
Other Comprehensive Income (Net of Tax):
Net unrealized gain on available-for-sale securities	661	3,061	5,659	4,810
Reclassification adjustment for realized (gain) loss on sale of available-for-sale securities			(270)	26
Net unrealized gain on available-for-sale securities	661	3,061	5,389	4,836
Tax expense	139	643	1,132	1,016
Other comprehensive income	522	2,418	4,257	3,820
Comprehensive Income	$ 5,326	$ 8,598	$ 13,166	$ 13,224

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 share of restricted stock and forfeiture of share of restricted stock	17	$ 66	(58)	9
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		(1,640)
Stock-based compensation expense	434	$ 434
Cash dividends declared - $0.16, 0.15, 0.16 and 0.15 per share for the period 3 months ended March 31, 2020 and 2019 and June 30, 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, 2018	143,287	$ 10,823	(12,409)	147,887	(3,014)
Beginning balance, shares at Dec. 31, 2018		9,285,261
Net income	9,404
Ending balance at Jun. 30, 2019	224,047	$ 81,955	(12,707)	153,993	806
Ending balance, shares at Jun. 30, 2019		11,106,183
Beginning balance at Mar. 31, 2019	216,934	$ 81,760	(12,680)	149,466	(1,612)
Beginning balance, shares at Mar. 31, 2019		11,107,063
Net income	6,180			6,180
Other comprehensive income	2,418				2,418
Issuance of share of restricted stock and forfeiture of share of restricted stock	13	$ 38	(27)	2
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		(880)
Stock-based compensation expense	157	$ 157
Cash dividends declared - $0.16, 0.15, 0.16 and 0.15 per share for the period 3 months ended March 31, 2020 and 2019 and June 30, 2020 and 2019 respectively	(1,655)			(1,655)
Ending balance at Jun. 30, 2019	224,047	$ 81,955	(12,707)	153,993	806
Ending balance, shares at Jun. 30, 2019		11,106,183
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)
Issuance of share of restricted stock and forfeiture of share of restricted stock	(1)	$ 11	(10)	(2)
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		(450)
Stock-based compensation expense	298	$ 298
Cash dividends declared - $0.16, 0.15, 0.16 and 0.15 per share for the period 3 months ended March 31, 2020 and 2019 and June 30, 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
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	8,909
Ending balance at Jun. 30, 2020	240,297	$ 82,134	(12,668)	165,476	5,355
Ending balance, shares at Jun. 30, 2020		11,129,025
Beginning balance at Mar. 31, 2020	236,457	$ 81,844	(12,636)	162,416	4,833
Beginning balance, shares at Mar. 31, 2020		11,129,421
Net income	4,804			4,804
Other comprehensive income	522				522
Purchase of treasury stock	(56)		(56)
Purchase of treasury stock, shares		(2,508)
Stock-based compensation expense	290	$ 290
Director stock award	48		24	24
Director stock award, shares		2,112
Cash dividends declared - $0.16, 0.15, 0.16 and 0.15 per share for the period 3 months ended March 31, 2020 and 2019 and June 30, 2020 and 2019 respectively	(1,768)			(1,768)
Ending balance at Jun. 30, 2020	$ 240,297	$ 82,134	$ (12,668)	$ 165,476	$ 5,355
Ending balance, shares at Jun. 30, 2020		11,129,025

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes to Stockholder's Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Cash dividends declared, per share	$ 0.16	$ 0.15	$ 0.15
Common Stock [Member]
Issuance of shares of restricted stock, Shares			400
Issuance of shares of restricted stock, forfeitures	450	880	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	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash Flows from Operating Activities
Net income				$ 8,909	$ 9,404
Adjustments to reconcile net income to net cash from operating activities:
Depreciation				1,310	1,317
Amortization of premiums on available-for-sale securities, net				554	367
Amortization of servicing rights		$ 356	$ 105	488	180
Amortization of core deposit intangible				364	364
Net amortization of fair value adjustments				310	(1,680)
Stock-based compensation expense				588	591
Director stock award				48
Deferred income taxes				(3)	(200)
Provision for loan loss		1,569	133	2,999	163	$ 1,138
Gain on sale of loans held for sale		(364)	(196)	(591)	(298)
Originations of loans held for sale				(87,998)	(25,680)
Proceeds from sale of loans held for sale				81,189	23,710
(Gain) loss on sale of other assets owned		(7)	28	(6)	43
(Gain) loss on sales of securities available-for-sale				(270)	26
Change in other assets and other liabilities, net				100	4,790
Net cash provided by operating activities				7,991	13,097
Activity in available-for-sale securities:
Maturities, prepayments and calls				39,959	4,932
Sales				11,843	11,100
Purchases				(60,696)	(30,063)
Activity in other securities, at cost:
Sales					237
Change in interest-bearing time deposits				(327)	(490)
Proceeds from sale of other assets owned				85	371
Additions to premises and equipment				(1,000)	(2,169)
Loan originations and principal collections, net				(125,692)	14,995
Acquisition of Limberlost, net of cash received					(2,089)
Net cash used in investing activities				(135,828)	(3,176)
Cash Flows from Financing Activities
Net change in deposits				188,861	107,256
Net change in federal funds purchased and securities sold under agreements to repurchase				(17,124)	(5,079)
Repayment of FHLB advances				(5,993)	(23,938)
Purchase of treasury stock				(226)	(213)
Cash dividends paid on common stock				(3,536)	(3,034)
Net cash provided by financing activities				161,982	74,992
Net Increase in Cash and Cash Equivalents				34,145	84,913
Cash and Cash Equivalents - Beginning of year	$ 38,365			51,296	38,365	38,365
Cash and Cash Equivalents - End of period		$ 85,441	$ 123,278	85,441	123,278	$ 51,296
Cash paid during the period for:
Interest				$ 5,839	6,060
Income taxes					245
Noncash investing activities:
Transfer of loans to other real estate owned					143
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	Jun. 30, 2019
Limberlost Bancshares, Inc. [Member]
Purchase of capital stock	$ 78,902	$ 78,902

Basis of Presentation and Other

Basis of Presentation and Other	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Other	NOTE 1 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 and six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 has had 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 June 30, 2020. The amounts of loans at December 31, 2019 and June 30, 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 - June 30, 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 June 30, 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 June 30, 2020 Three Months Ended June 30, 2019 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 1,978 $ 2,436 $ 2,021 $ 2,544 Additions 1 5 2 6 Accretion (108 ) (2,095 ) (214 ) (2,204 ) Reclassification from nonaccretable difference - 1,985 62 1,985 Disposals - (2 ) - (2 ) Ending Balance $ 1,871 $ 2,329 $ 1,871 $ 2,329 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 six months ended June 30, 2019 was $364 thousand. Of the $721 thousand to be expensed in 2020, $364 thousand has been expensed for the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019, are as follows: (In Thousands) June 30, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 8,004 $ 26 $ - $ 8,030 U.S. Government agencies 70,535 1,850 (16 ) 72,369 Mortgage-backed securities 100,864 2,839 (4 ) 103,699 State and local governments 50,111 2,085 (2 ) 52,194 Total available-for-sale securities $ 229,514 $ 6,800 $ (22 ) $ 236,292 (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 June 30, 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) June 30, 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 (16 ) 18,593 - - (16 ) 18,593 Mortgage-backed securities (4 ) 6,254 - - (4 ) 6,254 State and local governments (2 ) 789 - - (2 ) 789 Total available-for-sale securities $ (22 ) $ 25,636 $ - $ - $ (22 ) $ 25,636 (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 and six months ended June 30, 2020 and June 30, 2019. Three Months Six Months (In Thousands) (In Thousands) 2020 2019 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 gains (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 June 30, 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 $ 14,403 $ 14,462 After one year through five years 47,971 49,006 After five years through ten years 59,979 62,574 After ten years 6,297 6,551 Total $ 128,650 $ 132,593 Mortgage-backed securities 100,864 103,699 Total $ 229,514 $ 236,292 Investments with a carrying value of $87.4 million and $88.8 million at June 30, 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 June 30, 2020 and December 31, 2019.

Loans

Loans	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans	NOTE 4 LOANS Loan balances as of June 30, 2020 and December 31, 2019 are summarized below: (In Thousands) Loans: June 30, 2020 December 31, 2019 Consumer Real Estate $ 174,069 $ 165,349 Agricultural Real Estate 194,606 199,105 Agricultural 107,458 111,820 Commercial Real Estate 589,382 551,309 Commercial and Industrial 223,842 135,631 Consumer 50,108 49,237 Other 9,714 8,314 1,349,179 1,220,765 Less: Net deferred loan fees and costs (4,456 ) (1,766 ) 1,344,723 1,218,999 Less: Allowance for loan losses (9,933 ) (7,228 ) Loans - Net $ 1,334,790 $ 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 June 30, 2020: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 116,292 $ 57,777 Agricultural Real Estate 91,091 103,515 Agricultural 102,939 4,519 Commercial Real Estate 440,821 148,561 Commercial and Industrial 207,015 16,827 Consumer 46,141 3,967 Other 9,655 59 As of June 30, 2020 and December 31, 2019 one to four family residential mortgage loans amounting to $41.5 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 June 30, 2020 and December 31, 2019, net of deferred loan fees and costs: June 30, 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 $ 1,204 $ 975 $ - $ 2,179 $ 171,436 $ 173,615 $ - Agricultural Real Estate 652 - - 652 193,658 194,310 - Agricultural 631 - - 631 106,984 107,615 - Commercial Real Estate - - - - 588,176 588,176 - Commercial and Industrial 23 - - 23 230,725 230,748 - Consumer 77 - - 77 50,182 50,259 - Total $ 2,587 $ 975 $ - $ 3,562 $ 1,341,161 $ 1,344,723 $ - 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 June 30, 2020 and December 31, 2019: (In Thousands) June 30, 2020 December 31, 2019 Consumer Real Estate $ 1,923 $ 1,209 Agricultural Real Estate 4,687 88 Agricultural 308 1,769 Commercial Real Estate 186 37 Commercial & Industrial 1,346 288 Consumer 23 9 Total $ 8,473 $ 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 June 30, 2020 (Refer to the table in the COVID-19 section for deferrals impacted by the Coronavirus Aid, Relief and Economic Security Act (CARES Act.) and December 31, 2019: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other June 30, 2020 1-2 $ 13,584 $ 3,660 $ 13,266 $ 90,774 $ - 3 38,296 39,761 156,849 22,711 4,773 4 111,853 60,339 409,479 98,373 4,941 5 14,699 2,710 2,575 3,489 - 6 15,878 1,145 6,007 4,787 - 7 - - - 900 - 8 - - - - - Total $ 194,310 $ 107,615 $ 588,176 $ 221,034 $ 9,714 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 evalua tes 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 June 30, 2020 and December 31, 2019 . (In Thousands) Consumer Consumer Real Estate Real Estate June 30, 2020 December 31, 2019 Grade Pass $ 170,037 $ 160,930 Special Mention (5) 1,188 415 Substandard (6) 2,390 3,346 Doubtful (7) - - Total $ 173,615 $ 164,691 (In Thousands) Consumer - Credit Consumer - Other June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Performing $ 3,394 $ 4,076 $ 46,692 $ 44,831 Nonperforming 34 15 139 487 Total $ 3,428 $ 4,091 $ 46,831 $ 45,318 Information about impaired loans as of June 30, 2020, December 31, 2019 and June 30, 2019 are as follows: (In Thousands) June 30, 2020 December 31, 2019 June 30, 2019 Impaired loans without a valuation allowance $ 2,695 $ 2,420 $ 1,071 Impaired loans with a valuation allowance 9,872 641 1,105 Total impaired loans $ 12,567 $ 3,061 $ 2,176 Valuation allowance related to impaired loans $ 1,170 $ 197 $ 235 Total non-accrual loans $ 8,473 $ 3,400 $ 1,328 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 8,352 $ 3,120 $ 2,201 Year to date average investment in impaired loans $ 6,333 $ 2,649 $ 2,168 There were $159 thousand additional funds available to be advanced in connection with impaired loans as of June 30, 2020. The Bank had approximately $6.4 million of its impaired loans classified as troubled debt restructured (TDR) as of June 30, 2020, $1.0 million as of December 31, 2019 and $981 thousand as of June 30, 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 first quarter of 2020, two loans resulted in payment changes from a monthly payment to principal and interest at maturity on June 19, 2020. One loan was paid off in May with the other loan past due in the foreclosure process. In the second quarter of 2020, three loans had a rate concession along with the amortization extended. All interest was paid current at the time of the modifications. Consequently, the financial impact of the modifications was immaterial. During the year to date 2020, there were 5 new loans considered TDR with one of the loans subsequently paid off in May. There were 4 new loans considered TDR year to date 2019 . Pre- Post- Pre- Post- Three Months Number of Modification Modification Six Months Number of Modification Modification June 30, 2020 Contracts Outstanding Outstanding June 30, 2020 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Troubled Debt Restructurings Last Six Months Investment Investment Commercial Real Estate - $ - $ - Commercial Real Estate 2 $ 981 $ 981 Ag Real Estate 2 5,380 5,380 Ag Real Estate 2 5,380 5,380 Commercial and Industrial - - - Commercial and Industrial - - - Agricultural 1 164 164 Agricultural 1 164 164 Pre- Post- Pre- Post- Three Months Number of Modification Modification Six Months Number of Modification Modification June 30, 2019 Contracts Outstanding Outstanding June 30, 2019 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Troubled Debt Restructurings Last Six Months Investment Investment Commercial Real Estate - $ - $ - Commercial Real Estate - $ - $ - Ag Real Estate - - - Ag Real Estate - - - Commercial and Industrial 4 812 812 Commercial and Industrial 4 812 812 Agricultural - - - Agricultural - - - For the three and six month periods ended June 30, 2020 and 2019, there were no TDRs that subsequently defaulted after modification. For the six month period ended June 30, 2020, there was one impaired commercial real estate loan of $481 thousand that was classified as TDR paid off. There were no impaired loans classified as TDR paid off for the six month period ended June 30, 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 and six months ended June 30, 2020 and June 30, 2019 and for the year ended December 31, 2019. (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 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 $ 787 $ 787 $ - $ 624 $ 4 $ - Agricultural Real Estate 521 521 - 187 5 - Agricultural 383 383 - 340 4 - Commercial Real Estate 186 186 - 186 - - Commercial and Industrial 791 791 - 568 4 - Consumer 27 27 - 28 - - With a specific allowance recorded: Consumer Real Estate 60 60 16 194 1 1 Agricultural Real Estate 5,469 5,469 438 1,884 1 - Agricultural 240 240 98 161 9 - Commercial Real Estate 3,072 3,072 58 3,085 39 - Commercial and Industrial 1,031 1,031 560 1,095 11 - Consumer - - - - - - Totals: Consumer Real Estate $ 847 $ 847 $ 16 $ 818 $ 5 $ 1 Agricultural Real Estate $ 5,990 $ 5,990 $ 438 $ 2,071 $ 6 $ - Agricultural $ 623 $ 623 $ 98 $ 501 $ 13 $ - Commercial Real Estate $ 3,258 $ 3,258 $ 58 $ 3,271 $ 39 $ - Commercial and Industrial $ 1,822 $ 1,822 $ 560 $ 1,663 $ 15 $ - Consumer $ 27 $ 27 $ - $ 28 $ - $ - (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 $ - $ - (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 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 $ 643 $ 643 $ - $ 644 $ 8 $ 3 Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 191 191 - 191 3 - Commercial and Industrial 237 237 - 787 3 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 219 219 54 235 - - Agricultural Real Estate - - - - - - Agricultural 74 74 26 74 - - Commercial Real Estate - - - - - - Commercial and Industrial 812 812 155 270 12 - Consumer - - - - - - Totals: Consumer Real Estate $ 862 $ 862 $ 54 $ 879 $ 8 $ 3 Agricultural Real Estate $ - $ - $ - $ - $ - $ - Agricultural $ 74 $ 74 $ 26 $ 74 $ - $ - Commercial Real Estate $ 191 $ 191 $ - $ 191 $ 3 $ - Commercial and Industrial $ 1,049 $ 1,049 $ 155 $ 1,057 $ 15 $ - Consumer $ - $ - $ - $ - $ - $ - (In Thousands) YTD YTD YTD Interest Six Months Ended June 30, 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 $ 787 $ 787 $ - $ 637 $ 8 $ 3 Agricultural Real Estate 521 521 - 239 7 - Agricultural 383 383 - 363 8 - Commercial Real Estate 186 186 - 205 4 - Commercial and Industrial 791 791 - 633 6 - Consumer 27 27 - 19 1 - With a specific allowance recorded: Consumer Real Estate 60 60 16 203 3 1 Agricultural Real Estate 5,469 5,469 438 988 3 - Agricultural 240 240 98 141 - - Commercial Real Estate 3,072 3,072 58 2,061 78 - Commercial and Industrial 1,031 1,031 560 834 27 - Consumer - - - 10 - - Totals: Consumer Real Estate $ 847 $ 847 $ 16 $ 840 $ 11 $ 4 Agricultural Real Estate $ 5,990 $ 5,990 $ 438 $ 1,227 $ 10 $ - Agricultural $ 623 $ 623 $ 98 $ 504 $ 8 $ - Commercial Real Estate $ 3,258 $ 3,258 $ 58 $ 2,266 $ 82 $ - Commercial and Industrial $ 1,822 $ 1,822 $ 560 $ 1,467 $ 33 $ - Consumer $ 27 $ 27 $ - $ 29 $ 1 $ - (In Thousands) YTD YTD YTD Interest Six Months Ended June 30, 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 $ 643 $ 643 $ - $ 624 $ 15 $ 4 Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 191 191 - 192 7 - Commercial and Industrial 237 237 - 936 6 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 219 219 54 244 - - Agricultural Real Estate - - - - - - Agricultural 74 74 26 37 - - Commercial Real Estate - - - - - - Commercial and Industrial 812 812 155 135 23 - Consumer - - - - - - Totals: Consumer Real Estate $ 862 $ 862 $ 54 $ 868 $ 15 $ 4 Agricultural Real Estate $ - $ - $ - $ - $ - $ - Agricultural $ 74 $ 74 $ 26 $ 37 $ - $ - Commercial Real Estate $ 191 $ 191 $ - $ 192 $ 7 $ - Commercial and Industrial $ 1,049 $ 1,049 $ 155 $ 1,071 $ 29 $ - Consumer $ - $ - $ - $ - $ - $ - As of June 30, 2020, the Company had The Allowance for Loa n 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) Six Months Ended Twelve Months Ended June 30, 2020 December 31, 2019 Allowance for Loan & Lease Losses Balance at beginning of year $ 7,228 $ 6,775 Provision for loan loss 2,999 1,138 Loans charged off (401 ) (841 ) Recoveries 107 156 Allowance for Loan & Lease Losses $ 9,933 $ 7,228 Allowance for Unfunded Loan Commitments & Letters of Credit $ 605 $ 479 Total Allowance for Credit Losses $ 10,538 $ 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 the three and six months ended June 30, 2020 and June 30, 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 June 30, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 345 $ 327 $ 665 $ 3,873 $ 2,750 $ 533 $ 470 $ 40 $ 9,003 Charge Offs - - - (8 ) (165 ) (64 ) - - (237 ) Recoveries 2 - - 2 6 58 - - 68 Provision (Credit) 223 486 371 591 (168 ) 34 - 32 1,569 Other Non-interest expense related to unfunded - - - - - - 135 - 135 Ending Balance $ 570 $ 813 $ 1,036 $ 4,458 $ 2,423 $ 561 $ 605 $ 72 $ 10,538 Ending balance: individually evaluated for impairment $ 16 $ 438 $ 98 $ 58 $ 560 $ - $ - $ - $ 1,170 Ending balance: collectively evaluated for impairment $ 554 $ 375 $ 938 $ 4,400 $ 1,863 $ 561 $ 605 $ 72 $ 9,368 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,615 $ 194,310 $ 107,615 $ 588,176 $ 230,748 $ 50,259 $ - $ - $ 1,344,723 Ending balance: individually evaluated for impairment $ 847 $ 5,990 $ 623 $ 3,258 $ 1,822 $ 27 $ - $ - $ 12,567 Ending balance: collectively evaluated for impairment $ 172,724 $ 188,320 $ 106,992 $ 584,918 $ 228,926 $ 50,136 $ - $ - $ 1,332,016 Ending balance: loans acquired with deteriorated credit quality $ 44 $ - $ - $ - $ - $ 96 $ - $ - $ 140 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 June 30, 2019 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 268 $ 270 $ 706 $ 3,203 $ 1,490 $ 496 $ 346 $ 203 $ 6,982 Charge Offs (14 ) - - - - (114 ) - - (128 ) Recoveries - - 1 3 5 33 - - 42 Provision (Credit) 21 70 49 114 (34 ) 111 - (198 ) 133 Other Non-interest expense related to unfunded - - - - - - 24 - 24 Ending Balance $ 275 $ 340 $ 756 $ 3,320 $ 1,461 $ 526 $ 370 $ 5 $ 7,053 Ending balance: individually evaluated for impairment $ 54 $ - $ 26 $ - $ 155 $ - $ - $ - $ 235 Ending balance: collectively evaluated for impairment $ 221 $ 340 $ 730 $ 3,320 $ 1,306 $ 526 $ 370 $ 5 $ 6,818 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 158,957 $ 193,616 $ 113,906 $ 442,538 $ 133,014 $ 49,100 $ - $ - $ 1,091,131 Ending balance: individually evaluated for impairment $ 862 $ - $ 74 $ 191 $ 1,049 $ - $ - $ - $ 2,176 Ending balance: collectively evaluated for impairment $ 157,909 $ 193,616 $ 113,832 $ 442,347 $ 131,848 $ 49,068 $ - $ - $ 1,088,620 Ending balance: loans acquired with deteriorated credit quality $ 186 $ - $ - $ - $ 117 $ 32 $ - $ - $ 335 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Six Months Ended June 30, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - (8 ) (165 ) (193 ) - - (401 ) Recoveries 5 - - 5 9 88 - - 107 Provision (Credit) 289 499 345 827 852 115 - 72 2,999 Other Non-interest expense related to unfunded - - - - - - 126 - 126 Ending Balance $ 570 $ 813 $ 1,036 $ 4,458 $ 2,423 $ 561 $ 605 $ 72 $ 10,538 Ending balance: individually evaluated for impairment $ 16 $ 438 $ 98 $ 58 $ 560 $ - $ - $ - $ 1,170 Ending balance: collectively evaluated for impairment $ 554 $ 375 $ 938 $ 4,400 $ 1,863 $ 561 $ 605 $ 72 $ 9,368 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,615 $ 194,310 $ 107,615 $ 588,176 $ 230,748 $ 50,259 $ - $ - $ 1,344,723 Ending balance: individually evaluated for impairment $ 847 $ 5,990 $ 623 $ 3,258 $ 1,822 $ 27 $ - $ - $ 12,567 Ending balance: collectively evaluated for impairment $ 172,724 $ 188,320 $ 106,992 $ 584,918 $ 228,926 $ 50,136 $ - $ - $ 1,332,016 Ending balance: loans acquired with deteriorated credit quality $ 44 $ - $ - $ - $ - $ 96 $ - $ - $ 140 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Six Months Ended June 30, 2019 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 247 $ 250 $ 768 $ 3,217 $ 1,305 $ 484 $ 274 $ 504 $ 7,049 Charge Offs (56 ) - - - - (279 ) - - (335 ) Recoveries - - 2 5 8 65 - - 80 Provision (Credit) 84 90 (14 ) 98 148 256 - (499 ) 163 Other Non-interest expense related to unfunded - - - - - - 96 - 96 Ending Balance $ 275 $ 340 $ 756 $ 3,320 $ 1,461 $ 526 $ 370 $ 5 $ 7,053 Ending balance: individually evaluated for impairment $ 54 $ - $ 26 $ - $ 155 $ - $ - $ - $ 235 Ending balance: collectively evaluated for impairment $ 221 $ 340 $ 730 $ 3,320 $ 1,306 $ 526 $ 370 $ 5 $ 6,818 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 158,957 $ 193,616 $ 113,906 $ 442,538 $ 133,014 $ 49,100 $ - $ - $ 1,091,131 Ending balance: individually

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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 in a more dilutive basic earnings per share as the participating securities are allocated the same amount of income as if they are outstanding for purposes of basic earnings per share. There is no additional potential dilution in calculating diluted earnings per share, therefore basic and diluted earnings per share are the same amounts. Other than the restricted stock plan, the Company has no other employee stock based compensation plans. The Compensation Committee of the Company has determined that it is appropriate to award shares of the common stock of the Company to Outside Directors and Employees that are officers of the Company or the Bank who also serve as Directors of the Company and the Bank as a portion of their retainer for services rendered as Directors of the Company and the Bank. The Committee believes that it is appropriate to award the Directors Shares equal to approximately $4,000, rounded to the nearest whole Share on an annual basis commencing on June 5, 2020 and thereafter on the first Friday of June in each year. The value for the Shares to be based upon the closing price for Shares on June 4, 2020 and thereafter on the first Thursday in June in each year. On June 5, 2020, each Director received 176 shares. The use of stock for Directors’ retainer, does not have a diluted effect on earnings per share as it is immediately vested. (in thousands of dollars) (in thousands of dollars) Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Earnings per share Net income $ 4,804 $ 6,180 $ 8,909 $ 9,404 Less: distributed earnings allocated to participating securities (13 ) (11 ) (26 ) (23 ) Less: undistributed earnings allocated to participating securities (22 ) (33 ) (40 ) (45 ) Net earnings available to common shareholders $ 4,769 $ 6,136 $ 8,843 $ 9,336 Weighted average common shares outstanding including participating securities 11,129,341 11,106,367 11,132,105 11,098,149 Less: average unvested restricted shares (80,062 ) (77,304 ) (82,397 ) (80,343 ) Weighted average common shares outstanding 11,049,279 11,029,063 11,049,708 11,017,806 Basic and diluted earnings per share $ 0.43 $ 0.56 $ 0.80 $ 0.85

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 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 June 30, 2020 and December 31, 2019 are reflected below. (In Thousands) June 30, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 85,441 $ 85,441 $ 85,441 $ - $ - Interest-bearing time deposits 4,636 4,707 - 4,707 - Securities - available-for-sale 236,292 236,292 8,030 226,712 1,550 Other securities 5,810 5,810 - - 5,810 Loans held for sale 11,445 11,445 - - 11,445 Loans, net 1,334,790 1,302,710 - - 1,302,710 Interest receivable 6,522 6,522 - - 6,522 Financial Liabilities: Interest bearing deposits $ 879,717 $ 879,754 $ - $ - $ 879,754 Non-interest bearing deposits 336,027 336,027 - 336,027 - Time deposits 261,631 264,992 - - 264,992 Total Deposits 1,477,375 1,480,773 - 336,027 1,144,746 Federal funds purchased and securities sold under agreement to repurchase 30,949 30,949 - - 30,949 Federal Home Loan Bank advances 19,087 19,077 - - 19,077 Interest payable 583 583 - - 583 (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 June 30, 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) June 30, 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 $ 8,030 $ - $ - U.S. Government agencies - 72,369 - Mortgage-backed securities - 103,699 - State and local governments - 50,644 1,550 Total Securities Available-for-Sale $ 8,030 $ 226,712 $ 1,550 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 and six month periods ended June 30, 2020 and June 30, 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 April 1, 2020 $ - $ 1,537 $ 1,537 Change in Market Value - 13 13 Payments & Maturities - - - Balance at June 30, 2020 $ - $ 1,550 $ 1,550 (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 - 60 60 Payments & Maturities - - - Balance at June 30, 2020 $ - $ 1,550 $ 1,550 (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 April 1, 2019 $ - $ 1,443 $ 1,443 Change in Market Value - 62 62 Payments & Maturities - - - Balance at June 30, 2019 $ - $ 1,505 $ 1,505 (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 - 78 78 Payments & Maturities - - - Balance at June 30, 2019 $ - $ 1,505 $ 1,505 Most of the Company's available-for-sale securities, including any bonds issued by local municipalities, have CUSIP numbers or have similar characteristics of those in the municipal markets, making them marketable and comparable as Level 2. The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis. At June 30, 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 June 30, 2020 and December 31, 2019, fair value of collateral dependent impaired loans categorized as Level 3 was $8.1 million and $444 thousand, respectively. The specific allocation for impaired loans was $830 and $197 thousand as of June 30, 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 June 30, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,550 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0-5% (1.62%) Collateral dependent impaired loans 8,089 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0-50% (5.96%) 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 June 30, 2020 and December 31, 2019: Assets Measured at Fair Value on a Nonrecurring Basis at June 30, 2020 (In Thousands) Balance at June 30, 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 $ 8,089 $ - $ - $ 8,089 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	6 Months Ended
	Jun. 30, 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 June 30, 2020 and $17.8 million as of December 31, 2019, respectively. During the same time periods, the Company also had $30.9 million and $30.2 million in securities sold under agreement to repurchase. June 30, 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 2,568 - - 28,381 30,949 $ 2,568 $ - $ - $ 28,381 $ 30,949 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	6 Months Ended
	Jun. 30, 2020
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 8 RECENT ACCOUNTING PRONOUNCEMENTS In June the Financial Accounting Standards Board (“ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” 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 management to 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.” 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 Measuremen In March 2020, in connection with the implementation of the CARES Act and related provisions, we have elected the temporary relief in the 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. As of June 30, 2020, there were no loan modifications that would have been previously treated as TDRs under the guidance in ASC 310-40.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 8 RECENT ACCOUNTING PRONOUNCEMENTS In June the Financial Accounting Standards Board (“ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” 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 management to 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.” 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 Measuremen In March 2020, in connection with the implementation of the CARES Act and related provisions, we have elected the temporary relief in the 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. As of June 30, 2020, there were no loan modifications that would have been previously treated as TDRs under the guidance in ASC 310-40.

Business Combination and Asse_2

Business Combination and Asset Purchase (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2020. The amounts of loans at December 31, 2019 and June 30, 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 - June 30, 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 June 30, 2020 Three Months Ended June 30, 2019 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 1,978 $ 2,436 $ 2,021 $ 2,544 Additions 1 5 2 6 Accretion (108 ) (2,095 ) (214 ) (2,204 ) Reclassification from nonaccretable difference - 1,985 62 1,985 Disposals - (2 ) - (2 ) Ending Balance $ 1,871 $ 2,329 $ 1,871 $ 2,329
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)	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019, are as follows (In Thousands) June 30, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 8,004 $ 26 $ - $ 8,030 U.S. Government agencies 70,535 1,850 (16 ) 72,369 Mortgage-backed securities 100,864 2,839 (4 ) 103,699 State and local governments 50,111 2,085 (2 ) 52,194 Total available-for-sale securities $ 229,514 $ 6,800 $ (22 ) $ 236,292 (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 June 30, 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) June 30, 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 (16 ) 18,593 - - (16 ) 18,593 Mortgage-backed securities (4 ) 6,254 - - (4 ) 6,254 State and local governments (2 ) 789 - - (2 ) 789 Total available-for-sale securities $ (22 ) $ 25,636 $ - $ - $ (22 ) $ 25,636 (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 and six months ended June 30, 2020 and June 30, 2019. Three Months Six Months (In Thousands) (In Thousands) 2020 2019 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 June 30, 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 $ 14,403 $ 14,462 After one year through five years 47,971 49,006 After five years through ten years 59,979 62,574 After ten years 6,297 6,551 Total $ 128,650 $ 132,593 Mortgage-backed securities 100,864 103,699 Total $ 229,514 $ 236,292

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans	Loan balances as of June 30, 2020 and December 31, 2019 are summarized below: (In Thousands) Loans: June 30, 2020 December 31, 2019 Consumer Real Estate $ 174,069 $ 165,349 Agricultural Real Estate 194,606 199,105 Agricultural 107,458 111,820 Commercial Real Estate 589,382 551,309 Commercial and Industrial 223,842 135,631 Consumer 50,108 49,237 Other 9,714 8,314 1,349,179 1,220,765 Less: Net deferred loan fees and costs (4,456 ) (1,766 ) 1,344,723 1,218,999 Less: Allowance for loan losses (9,933 ) (7,228 ) Loans - Net $ 1,334,790 $ 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 June 30, 2020: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 116,292 $ 57,777 Agricultural Real Estate 91,091 103,515 Agricultural 102,939 4,519 Commercial Real Estate 440,821 148,561 Commercial and Industrial 207,015 16,827 Consumer 46,141 3,967 Other 9,655 59
Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans	The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of June 30, 2020 and December 31, 2019, net of deferred loan fees and costs: June 30, 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 $ 1,204 $ 975 $ - $ 2,179 $ 171,436 $ 173,615 $ - Agricultural Real Estate 652 - - 652 193,658 194,310 - Agricultural 631 - - 631 106,984 107,615 - Commercial Real Estate - - - - 588,176 588,176 - Commercial and Industrial 23 - - 23 230,725 230,748 - Consumer 77 - - 77 50,182 50,259 - Total $ 2,587 $ 975 $ - $ 3,562 $ 1,341,161 $ 1,344,723 $ - 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 June 30, 2020 and December 31, 2019: (In Thousands) June 30, 2020 December 31, 2019 Consumer Real Estate $ 1,923 $ 1,209 Agricultural Real Estate 4,687 88 Agricultural 308 1,769 Commercial Real Estate 186 37 Commercial & Industrial 1,346 288 Consumer 23 9 Total $ 8,473 $ 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 June 30, 2020 (Refer to the table in the COVID-19 section for deferrals impacted by the Coronavirus Aid, Relief and Economic Security Act (CARES Act.) and December 31, 2019: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other June 30, 2020 1-2 $ 13,584 $ 3,660 $ 13,266 $ 90,774 $ - 3 38,296 39,761 156,849 22,711 4,773 4 111,853 60,339 409,479 98,373 4,941 5 14,699 2,710 2,575 3,489 - 6 15,878 1,145 6,007 4,787 - 7 - - - 900 - 8 - - - - - Total $ 194,310 $ 107,615 $ 588,176 $ 221,034 $ 9,714 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 June 30, 2020 and December 31, 2019 . (In Thousands) Consumer Consumer Real Estate Real Estate June 30, 2020 December 31, 2019 Grade Pass $ 170,037 $ 160,930 Special Mention (5) 1,188 415 Substandard (6) 2,390 3,346 Doubtful (7) - - Total $ 173,615 $ 164,691 (In Thousands) Consumer - Credit Consumer - Other June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Performing $ 3,394 $ 4,076 $ 46,692 $ 44,831 Nonperforming 34 15 139 487 Total $ 3,428 $ 4,091 $ 46,831 $ 45,318
Schedule of Impaired Loans	Information about impaired loans as of June 30, 2020, December 31, 2019 and June 30, 2019 are as follows: (In Thousands) June 30, 2020 December 31, 2019 June 30, 2019 Impaired loans without a valuation allowance $ 2,695 $ 2,420 $ 1,071 Impaired loans with a valuation allowance 9,872 641 1,105 Total impaired loans $ 12,567 $ 3,061 $ 2,176 Valuation allowance related to impaired loans $ 1,170 $ 197 $ 235 Total non-accrual loans $ 8,473 $ 3,400 $ 1,328 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 8,352 $ 3,120 $ 2,201 Year to date average investment in impaired loans $ 6,333 $ 2,649 $ 2,168
Impaired Loans Classified as Troubled Debt Restructured	. Pre- Post- Pre- Post- Three Months Number of Modification Modification Six Months Number of Modification Modification June 30, 2020 Contracts Outstanding Outstanding June 30, 2020 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Troubled Debt Restructurings Last Six Months Investment Investment Commercial Real Estate - $ - $ - Commercial Real Estate 2 $ 981 $ 981 Ag Real Estate 2 5,380 5,380 Ag Real Estate 2 5,380 5,380 Commercial and Industrial - - - Commercial and Industrial - - - Agricultural 1 164 164 Agricultural 1 164 164 Pre- Post- Pre- Post- Three Months Number of Modification Modification Six Months Number of Modification Modification June 30, 2019 Contracts Outstanding Outstanding June 30, 2019 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Troubled Debt Restructurings Last Six Months Investment Investment Commercial Real Estate - $ - $ - Commercial Real Estate - $ - $ - Ag Real Estate - - - Ag Real Estate - - - Commercial and Industrial 4 812 812 Commercial and Industrial 4 812 812 Agricultural - - - Agricultural - - -
Loans Individually Evaluated for Impairment by Portfolio Class of Loans	The following tables present loans individually evaluated for impairment by class of loans for the three and six months ended June 30, 2020 and June 30, 2019 and for the year ended December 31, 2019. (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 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 $ 787 $ 787 $ - $ 624 $ 4 $ - Agricultural Real Estate 521 521 - 187 5 - Agricultural 383 383 - 340 4 - Commercial Real Estate 186 186 - 186 - - Commercial and Industrial 791 791 - 568 4 - Consumer 27 27 - 28 - - With a specific allowance recorded: Consumer Real Estate 60 60 16 194 1 1 Agricultural Real Estate 5,469 5,469 438 1,884 1 - Agricultural 240 240 98 161 9 - Commercial Real Estate 3,072 3,072 58 3,085 39 - Commercial and Industrial 1,031 1,031 560 1,095 11 - Consumer - - - - - - Totals: Consumer Real Estate $ 847 $ 847 $ 16 $ 818 $ 5 $ 1 Agricultural Real Estate $ 5,990 $ 5,990 $ 438 $ 2,071 $ 6 $ - Agricultural $ 623 $ 623 $ 98 $ 501 $ 13 $ - Commercial Real Estate $ 3,258 $ 3,258 $ 58 $ 3,271 $ 39 $ - Commercial and Industrial $ 1,822 $ 1,822 $ 560 $ 1,663 $ 15 $ - Consumer $ 27 $ 27 $ - $ 28 $ - $ - (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 $ - $ - (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 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 $ 643 $ 643 $ - $ 644 $ 8 $ 3 Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 191 191 - 191 3 - Commercial and Industrial 237 237 - 787 3 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 219 219 54 235 - - Agricultural Real Estate - - - - - - Agricultural 74 74 26 74 - - Commercial Real Estate - - - - - - Commercial and Industrial 812 812 155 270 12 - Consumer - - - - - - Totals: Consumer Real Estate $ 862 $ 862 $ 54 $ 879 $ 8 $ 3 Agricultural Real Estate $ - $ - $ - $ - $ - $ - Agricultural $ 74 $ 74 $ 26 $ 74 $ - $ - Commercial Real Estate $ 191 $ 191 $ - $ 191 $ 3 $ - Commercial and Industrial $ 1,049 $ 1,049 $ 155 $ 1,057 $ 15 $ - Consumer $ - $ - $ - $ - $ - $ - (In Thousands) YTD YTD YTD Interest Six Months Ended June 30, 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 $ 787 $ 787 $ - $ 637 $ 8 $ 3 Agricultural Real Estate 521 521 - 239 7 - Agricultural 383 383 - 363 8 - Commercial Real Estate 186 186 - 205 4 - Commercial and Industrial 791 791 - 633 6 - Consumer 27 27 - 19 1 - With a specific allowance recorded: Consumer Real Estate 60 60 16 203 3 1 Agricultural Real Estate 5,469 5,469 438 988 3 - Agricultural 240 240 98 141 - - Commercial Real Estate 3,072 3,072 58 2,061 78 - Commercial and Industrial 1,031 1,031 560 834 27 - Consumer - - - 10 - - Totals: Consumer Real Estate $ 847 $ 847 $ 16 $ 840 $ 11 $ 4 Agricultural Real Estate $ 5,990 $ 5,990 $ 438 $ 1,227 $ 10 $ - Agricultural $ 623 $ 623 $ 98 $ 504 $ 8 $ - Commercial Real Estate $ 3,258 $ 3,258 $ 58 $ 2,266 $ 82 $ - Commercial and Industrial $ 1,822 $ 1,822 $ 560 $ 1,467 $ 33 $ - Consumer $ 27 $ 27 $ - $ 29 $ 1 $ - (In Thousands) YTD YTD YTD Interest Six Months Ended June 30, 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 $ 643 $ 643 $ - $ 624 $ 15 $ 4 Agricultural Real Estate - - - - - - Agricultural - - - - - - Commercial Real Estate 191 191 - 192 7 - Commercial and Industrial 237 237 - 936 6 - Consumer - - - - - - With a specific allowance recorded: Consumer Real Estate 219 219 54 244 - - Agricultural Real Estate - - - - - - Agricultural 74 74 26 37 - - Commercial Real Estate - - - - - - Commercial and Industrial 812 812 155 135 23 - Consumer - - - - - - Totals: Consumer Real Estate $ 862 $ 862 $ 54 $ 868 $ 15 $ 4 Agricultural Real Estate $ - $ - $ - $ - $ - $ - Agricultural $ 74 $ 74 $ 26 $ 37 $ - $ - Commercial Real Estate $ 191 $ 191 $ - $ 192 $ 7 $ - Commercial and Industrial $ 1,049 $ 1,049 $ 155 $ 1,071 $ 29 $ - Consumer $ - $ - $ - $ - $ - $ -
Summary of Activities in Allowance for Credit Losses	The following tables summarize the activities in the allowance for credit losses. (In Thousands) Six Months Ended Twelve Months Ended June 30, 2020 December 31, 2019 Allowance for Loan & Lease Losses Balance at beginning of year $ 7,228 $ 6,775 Provision for loan loss 2,999 1,138 Loans charged off (401 ) (841 ) Recoveries 107 156 Allowance for Loan & Lease Losses $ 9,933 $ 7,228 Allowance for Unfunded Loan Commitments & Letters of Credit $ 605 $ 479 Total Allowance for Credit Losses $ 10,538 $ 7,707
Analysis of Allowance for Credit Losses	Additional analysis, presented in thousands, related to the allowance for credit losses for the three and six months ended June 30, 2020 and June 30, 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 June 30, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 345 $ 327 $ 665 $ 3,873 $ 2,750 $ 533 $ 470 $ 40 $ 9,003 Charge Offs - - - (8 ) (165 ) (64 ) - - (237 ) Recoveries 2 - - 2 6 58 - - 68 Provision (Credit) 223 486 371 591 (168 ) 34 - 32 1,569 Other Non-interest expense related to unfunded - - - - - - 135 - 135 Ending Balance $ 570 $ 813 $ 1,036 $ 4,458 $ 2,423 $ 561 $ 605 $ 72 $ 10,538 Ending balance: individually evaluated for impairment $ 16 $ 438 $ 98 $ 58 $ 560 $ - $ - $ - $ 1,170 Ending balance: collectively evaluated for impairment $ 554 $ 375 $ 938 $ 4,400 $ 1,863 $ 561 $ 605 $ 72 $ 9,368 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,615 $ 194,310 $ 107,615 $ 588,176 $ 230,748 $ 50,259 $ - $ - $ 1,344,723 Ending balance: individually evaluated for impairment $ 847 $ 5,990 $ 623 $ 3,258 $ 1,822 $ 27 $ - $ - $ 12,567 Ending balance: collectively evaluated for impairment $ 172,724 $ 188,320 $ 106,992 $ 584,918 $ 228,926 $ 50,136 $ - $ - $ 1,332,016 Ending balance: loans acquired with deteriorated credit quality $ 44 $ - $ - $ - $ - $ 96 $ - $ - $ 140 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 June 30, 2019 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 268 $ 270 $ 706 $ 3,203 $ 1,490 $ 496 $ 346 $ 203 $ 6,982 Charge Offs (14 ) - - - - (114 ) - - (128 ) Recoveries - - 1 3 5 33 - - 42 Provision (Credit) 21 70 49 114 (34 ) 111 - (198 ) 133 Other Non-interest expense related to unfunded - - - - - - 24 - 24 Ending Balance $ 275 $ 340 $ 756 $ 3,320 $ 1,461 $ 526 $ 370 $ 5 $ 7,053 Ending balance: individually evaluated for impairment $ 54 $ - $ 26 $ - $ 155 $ - $ - $ - $ 235 Ending balance: collectively evaluated for impairment $ 221 $ 340 $ 730 $ 3,320 $ 1,306 $ 526 $ 370 $ 5 $ 6,818 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 158,957 $ 193,616 $ 113,906 $ 442,538 $ 133,014 $ 49,100 $ - $ - $ 1,091,131 Ending balance: individually evaluated for impairment $ 862 $ - $ 74 $ 191 $ 1,049 $ - $ - $ - $ 2,176 Ending balance: collectively evaluated for impairment $ 157,909 $ 193,616 $ 113,832 $ 442,347 $ 131,848 $ 49,068 $ - $ - $ 1,088,620 Ending balance: loans acquired with deteriorated credit quality $ 186 $ - $ - $ - $ 117 $ 32 $ - $ - $ 335 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Six Months Ended June 30, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - (8 ) (165 ) (193 ) - - (401 ) Recoveries 5 - - 5 9 88 - - 107 Provision (Credit) 289 499 345 827 852 115 - 72 2,999 Other Non-interest expense related to unfunded - - - - - - 126 - 126 Ending Balance $ 570 $ 813 $ 1,036 $ 4,458 $ 2,423 $ 561 $ 605 $ 72 $ 10,538 Ending balance: individually evaluated for impairment $ 16 $ 438 $ 98 $ 58 $ 560 $ - $ - $ - $ 1,170 Ending balance: collectively evaluated for impairment $ 554 $ 375 $ 938 $ 4,400 $ 1,863 $ 561 $ 605 $ 72 $ 9,368 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,615 $ 194,310 $ 107,615 $ 588,176 $ 230,748 $ 50,259 $ - $ - $ 1,344,723 Ending balance: individually evaluated for impairment $ 847 $ 5,990 $ 623 $ 3,258 $ 1,822 $ 27 $ - $ - $ 12,567 Ending balance: collectively evaluated for impairment $ 172,724 $ 188,320 $ 106,992 $ 584,918 $ 228,926 $ 50,136 $ - $ - $ 1,332,016 Ending balance: loans acquired with deteriorated credit quality $ 44 $ - $ - $ - $ - $ 96 $ - $ - $ 140 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Six Months Ended June 30, 2019 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 247 $ 250 $ 768 $ 3,217 $ 1,305 $ 484 $ 274 $ 504 $ 7,049 Charge Offs (56 ) - - - - (279 ) - - (335 ) Recoveries - - 2 5 8 65 - - 80 Provision (Credit) 84 90 (14 ) 98 148 256 - (499 ) 163 Other Non-interest expense related to unfunded - - - - - - 96 - 96 Ending Balance $ 275 $ 340 $ 756 $ 3,320 $ 1,461 $ 526 $ 370 $ 5 $ 7,053 Ending balance: individually evaluated for impairment $ 54 $ - $ 26 $ - $ 155 $ - $ - $ - $ 235 Ending balance: collectively evaluated for impairment $ 221 $ 340 $ 730 $ 3,320 $ 1,306 $ 526 $ 370 $ 5 $ 6,818 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 158,957 $ 193,616 $ 113,906 $ 442,538 $ 133,014 $ 49,100 $ - $ - $ 1,091,131 Ending balance: individually evaluated for impairment $ 862 $ - $ 74 $ 191 $ 1,049 $ - $ - $ - $ 2,176 Ending balance: collectively evaluated for impairment $ 157,909 $ 193,616 $ 113,832 $ 442,347 $ 131,848 $ 49,068 $ - $ - $ 1,088,620 Ending balance: loans acquired with deteriorated credit quality $ 186 $ - $ - $ - $ 117 $ 32 $ - $ - $ 335

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Calculation of Basic Earnings Per Share	(in thousands of dollars) (in thousands of dollars) Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Earnings per share Net income $ 4,804 $ 6,180 $ 8,909 $ 9,404 Less: distributed earnings allocated to participating securities (13 ) (11 ) (26 ) (23 ) Less: undistributed earnings allocated to participating securities (22 ) (33 ) (40 ) (45 ) Net earnings available to common shareholders $ 4,769 $ 6,136 $ 8,843 $ 9,336 Weighted average common shares outstanding including participating securities 11,129,341 11,106,367 11,132,105 11,098,149 Less: average unvested restricted shares (80,062 ) (77,304 ) (82,397 ) (80,343 ) Weighted average common shares outstanding 11,049,279 11,029,063 11,049,708 11,017,806 Basic and diluted earnings per share $ 0.43 $ 0.56 $ 0.80 $ 0.85

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019 are reflected below. (In Thousands) June 30, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 85,441 $ 85,441 $ 85,441 $ - $ - Interest-bearing time deposits 4,636 4,707 - 4,707 - Securities - available-for-sale 236,292 236,292 8,030 226,712 1,550 Other securities 5,810 5,810 - - 5,810 Loans held for sale 11,445 11,445 - - 11,445 Loans, net 1,334,790 1,302,710 - - 1,302,710 Interest receivable 6,522 6,522 - - 6,522 Financial Liabilities: Interest bearing deposits $ 879,717 $ 879,754 $ - $ - $ 879,754 Non-interest bearing deposits 336,027 336,027 - 336,027 - Time deposits 261,631 264,992 - - 264,992 Total Deposits 1,477,375 1,480,773 - 336,027 1,144,746 Federal funds purchased and securities sold under agreement to repurchase 30,949 30,949 - - 30,949 Federal Home Loan Bank advances 19,087 19,077 - - 19,077 Interest payable 583 583 - - 583 (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 June 30, 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) June 30, 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 $ 8,030 $ - $ - U.S. Government agencies - 72,369 - Mortgage-backed securities - 103,699 - State and local governments - 50,644 1,550 Total Securities Available-for-Sale $ 8,030 $ 226,712 $ 1,550 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 Unobservable Inputs	The following tables represent the changes in the Level 3 fair-value category of which unobservable inputs are relied upon as of the three and six month periods ended June 30, 2020 and June 30, 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 April 1, 2020 $ - $ 1,537 $ 1,537 Change in Market Value - 13 13 Payments & Maturities - - - Balance at June 30, 2020 $ - $ 1,550 $ 1,550 (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 - 60 60 Payments & Maturities - - - Balance at June 30, 2020 $ - $ 1,550 $ 1,550 (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 April 1, 2019 $ - $ 1,443 $ 1,443 Change in Market Value - 62 62 Payments & Maturities - - - Balance at June 30, 2019 $ - $ 1,505 $ 1,505 (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 - 78 78 Payments & Maturities - - - Balance at June 30, 2019 $ - $ 1,505 $ 1,505
Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted June 30, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,550 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0-5% (1.62%) Collateral dependent impaired loans 8,089 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0-50% (5.96%) 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 June 30, 2020 and December 31, 2019: Assets Measured at Fair Value on a Nonrecurring Basis at June 30, 2020 (In Thousands) Balance at June 30, 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 $ 8,089 $ - $ - $ 8,089 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)	6 Months Ended
	Jun. 30, 2020
Brokers And Dealers [Abstract]
Schedule of Remaining Contractual Maturity in Repurchase Agreements	June 30, 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 2,568 - - 28,381 30,949 $ 2,568 $ - $ - $ 28,381 $ 30,949 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)	6 Months Ended
	Jun. 30, 2020USD ($)
Accounting Policies [Abstract]
Amount of reclassification effect	$ 0

Business Combination and Asse_3

Business Combination and Asset Purchase - Additional Information (Detail)	Jan. 01, 2019USD ($)Office$ / sharesshares	Dec. 13, 2013USD ($)	Jun. 30, 2020USD ($)shares	Jun. 30, 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			$ 3,900,000
Remaining economic useful life			7 years
Goodwill			$ 47,340,000		$ 47,340,000
Fair value adjustment of loans acquired and accounted	$ 2,118,000		0		$ 62,000
Amortization expense			364,000	$ 364,000
Amortization expense			$ 721,000
Core Deposits [Member] | Custar [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 1,170,000
Remaining economic useful life			7 years
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share | shares	1,830,000
Total consideration for acquisition	$ 78,902,000			78,902,000
Cash paid for acquisition	8,465,000
Stock issued for acquisition	70,437,000
Goodwill	43,266,000
Limberlost Bancshares, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 3,900,000
Remaining economic useful life	7 years
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	$ 78,900,000
Cash paid for acquisition	8,500,000			$ 8,465,000
Stock issued for acquisition	$ 70,400,000

Business Combination and Asse_4

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Detail) - USD ($) $ in Thousands	Jan. 01, 2019	Jun. 30, 2019	Jun. 30, 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 ($)	Jun. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Business Combinations [Abstract]
Fair value adjustment	$ 0	$ 62,000	$ 2,118,000

Business Combination and Asse_8

Business Combination and Asset Purchase - Summary of Loans Acquired and Contractually Required Payments Receivable (Detail) $ in Thousands	Jun. 30, 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Combinations [Abstract]
Beginning Balance	$ 1,978	$ 2,436	$ 2,021	$ 2,544
Additions	1	5	2	6
Accretion	(108)	(2,095)	(214)	(2,204)
Reclassification from nonaccretable difference		1,985	62	1,985
Disposals		(2)		(2)
Ending Balance	$ 1,871	$ 2,329	$ 1,871	$ 2,329

Business Combination and Ass_10

Business Combination and Asset Purchase - Schedule of Annual Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Jun. 30, 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	Jun. 30, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 229,514	$ 220,904
Gross Unrealized Gains	6,800	1,769
Gross Unrealized Losses	(22)	(380)
Fair Value	236,292	222,293
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,004	10,023
Gross Unrealized Gains	26	10
Gross Unrealized Losses		(12)
Fair Value	8,030	10,021
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	70,535	61,882
Gross Unrealized Gains	1,850	584
Gross Unrealized Losses	(16)	(21)
Fair Value	72,369	62,445
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	100,864	94,998
Gross Unrealized Gains	2,839	426
Gross Unrealized Losses	(4)	(227)
Fair Value	103,699	95,197
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	50,111	54,001
Gross Unrealized Gains	2,085	749
Gross Unrealized Losses	(2)	(120)
Fair Value	$ 52,194	$ 54,630

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Investments pledged, carrying value	$ 87.4	$ 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	Jun. 30, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (22)	$ (238)
Fair Value, Less Than Twelve Months	25,636	55,090
Gross Unrealized Losses, Twelve Months and Over		(142)
Fair Value, Twelve Months and Over		27,107
Gross Unrealized Losses, Total	(22)	(380)
Fair Value, Total	25,636	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)	(16)
Fair Value, Less Than Twelve Months	18,593	10,549
Gross Unrealized Losses, Twelve Months and Over		(5)
Fair Value, Twelve Months and Over		10,745
Gross Unrealized Losses, Total	(16)	(21)
Fair Value, Total	18,593	21,294
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(4)	(102)
Fair Value, Less Than Twelve Months	6,254	27,696
Gross Unrealized Losses, Twelve Months and Over		(125)
Fair Value, Twelve Months and Over		11,332
Gross Unrealized Losses, Total	(4)	(227)
Fair Value, Total	6,254	39,028
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(2)	(120)
Fair Value, Less Than Twelve Months	789	16,845
Gross Unrealized Losses, Total	(2)	(120)
Fair Value, Total	$ 789	$ 16,845

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 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	Jun. 30, 2020	Dec. 31, 2019
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 14,403
Amortized Cost, After one year through five years	47,971
Amortized Cost, After five years through ten years	59,979
Amortized Cost, After ten years	6,297
Amortized Cost, Total	128,650
Amortized Cost, Mortgage-backed securities	100,864
Amortized Cost	229,514	$ 220,904
Fair Value, One year or less	14,462
Fair Value, After one year through five years	49,006
Fair Value, After five years through ten years	62,574
Fair Value, After ten years	6,551
Fair Value, Total	132,593
Fair Value, Mortgage-backed securities	103,699
Total, Fair Value	$ 236,292	$ 222,293

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Loans:
Loans - Gross	$ 1,349,179	$ 1,220,765
Less: Net deferred loan fees and costs	(4,456)	(1,766)
Loans after net deferred loan fees and costs	1,344,723	1,218,999	$ 1,091,131
Less: Allowance for loan losses	(9,933)	(7,228)		$ (6,775)
Loans - Net	1,334,790	1,211,771
Consumer Real Estate [Member]
Loans:
Loans - Gross	174,069	165,349
Loans after net deferred loan fees and costs	173,615	164,691	158,957
Agricultural Real Estate [Member]
Loans:
Loans - Gross	194,606	199,105
Loans after net deferred loan fees and costs	194,310	198,859	193,616
Agricultural [Member]
Loans:
Loans - Gross	107,458	111,820
Loans after net deferred loan fees and costs	107,615	111,949	113,906
Commercial Real Estate [Member]
Loans:
Loans - Gross	589,382	551,309
Loans after net deferred loan fees and costs	588,176	550,082	442,538
Commercial and Industrial [Member]
Loans:
Loans - Gross	223,842	135,631
Loans after net deferred loan fees and costs	221,034	135,695
Consumer [Member]
Loans:
Loans - Gross	50,108	49,237
Loans after net deferred loan fees and costs	50,259	49,409	$ 49,100
Other Loan [Member]
Loans:
Loans - Gross	9,714	8,314
Loans after net deferred loan fees and costs	$ 9,714	$ 8,314

Loans - Distribution of Fixed R

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 116,292
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	91,091
Distribution of variable rate loans by major loan category, Variable Rate	103,515
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	102,939
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	440,821
Distribution of variable rate loans by major loan category, Variable Rate	148,561
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	207,015
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	46,141
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	9,655
Distribution of variable rate loans by major loan category, Variable Rate	$ 59

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Residential mortgage loan	$ 41.5	$ 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	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 3,562	$ 1,139
Current	1,341,161	1,217,860
Loans after net deferred loan fees and costs	1,344,723	1,218,999	$ 1,091,131
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	2,587	688
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	975	451
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,179	425
Current	171,436	164,266
Loans after net deferred loan fees and costs	173,615	164,691	158,957
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,204	355
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	975	70
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	652	107
Current	193,658	198,752
Loans after net deferred loan fees and costs	194,310	198,859	193,616
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	652
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	631	85
Current	106,984	111,864
Loans after net deferred loan fees and costs	107,615	111,949	113,906
Agricultural [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	631	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]
Current	588,176	550,082
Loans after net deferred loan fees and costs	588,176	550,082	442,538
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	23	468
Current	230,725	143,541
Loans after net deferred loan fees and costs	230,748	144,009	133,014
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	23	201
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		267
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	77	54
Current	50,182	49,355
Loans after net deferred loan fees and costs	50,259	49,409	$ 49,100
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 77	$ 54

Loans - Recorded Investment in

Loans - Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 8,473	$ 3,400	$ 1,328
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,923	1,209
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	4,687	88
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	308	1,769
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	186	37
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,346	288
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 23	$ 9

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,344,723	$ 1,218,999	$ 1,091,131
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	194,310	198,859	193,616
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	107,615	111,949	113,906
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	588,176	550,082	$ 442,538
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	221,034	135,695
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	9,714	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	13,584	14,655
1-2 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,660	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	13,266	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	90,774	3,844
3 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	38,296	33,951
3 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	39,761	36,913
3 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	156,849	131,780
3 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	22,711	19,790
3 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,773	3,168
4 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	111,853	116,834
4 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	60,339	65,414
4 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	409,479	401,404
4 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	98,373	103,527
4 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,941	5,146
5 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	14,699	14,836
5 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,710	2,300
5 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,575	3,699
5 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,489	2,465
6 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	15,878	18,583
6 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,145	3,229
6 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	6,007	5,339
6 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,787	4,983
7 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 900	$ 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	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,344,723	$ 1,218,999	$ 1,091,131
Performing	140	152	335
Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,428	4,091
Consumer - Credit [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,394	4,076
Consumer - Credit [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	34	15
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	46,831	45,318
Consumer - Other [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	46,692	44,831
Consumer - Other [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	139	487
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	173,615	164,691	158,957
Performing	44	46	$ 186
Pass [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	170,037	160,930
5 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,188	415
6 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,390	$ 3,346

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 2,695	$ 2,420	$ 1,071	$ 2,695	$ 1,071	$ 2,420
Impaired loans with a valuation allowance	9,872	641	1,105	9,872	1,105	641
Total impaired loans	12,567	3,061	2,176	12,567	2,176	3,061
Valuation allowance related to impaired loans	1,170	197	235	1,170	235	197
Total non-accrual loans	8,473	3,400	1,328	8,473	1,328	3,400
Total loans past-due ninety days or more and still accruing	0	0	0	0	0	0
Average investment in impaired loans	$ 8,352	$ 3,120	$ 2,201	$ 6,333	$ 2,168	$ 2,649

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)	1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	May 31, 2020Loan	Jun. 30, 2020USD ($)Contract	Mar. 31, 2020Contract	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)ContractLoan	Jun. 30, 2019USD ($)Loan	Dec. 31, 2019USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Additional funds available to be advanced in connection with impaired loans		$ 159,000			$ 159,000
Impaired loans classified as troubled debt restructured		$ 6,400,000		$ 981,000	$ 6,400,000	$ 981,000	$ 1,000,000
Number of contracts modified | Loan					5		4
TDR impaired loans paid off | Loan	1					0
TDR loans, subsequently defaulted during the period		0		0	0	0
Maximum time for re-evaluation (in months)						12 months
Re-evaluation period for real estate						2 years
Unsecured consumer loans, credit card credits and overdraft lines of credit reach						90 days
Delinquent period for charging down consumer loans						120 days
Delinquent period for charging down commercial and agricultural credits						120 days
Foreclosed residential real estate property		$ 135,000			$ 135,000		$ 214,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans classified as troubled debt restructured		481,000			$ 481,000
Number of contracts modified | Contract					2
TDR impaired loans paid off | Loan					1
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Foreclosed residential real estate property		0		$ 143,000	$ 0	$ 143,000
Residential real estate properties foreclosure proceedings		$ 854,000		$ 571,000	$ 854,000	$ 571,000
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
Rate Concession Along With the Amortization Extended [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract		3

Loans - Impaired Loans Classifi

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)Contract	Jun. 30, 2019USD ($)Contract	Jun. 30, 2020USD ($)ContractLoan	Jun. 30, 2019USD ($)Contract	Dec. 31, 2019Loan
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Loan			5		4
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
Ag Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Contract	2		2
Pre-Modification Outstanding Recorded Investment	$ 5,380		$ 5,380
Post-Modification Outstanding Recorded Investment	$ 5,380		$ 5,380
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Contract		4		4
Pre-Modification Outstanding Recorded Investment		$ 812		$ 812
Post-Modification Outstanding Recorded Investment		$ 812		$ 812
Agricultural [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Contract	1		1
Pre-Modification Outstanding Recorded Investment	$ 164		$ 164
Post-Modification Outstanding Recorded Investment	$ 164		$ 164

Loans - Loans Individually Eval

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 2,695	$ 2,420	$ 1,071	$ 2,695	$ 1,071	$ 2,420
With a specific allowance recorded, Recorded Investment	9,872	641	1,105	9,872	1,105	641
Related Allowance	1,170	197	235	1,170	235	197
Recorded Investment	12,567	3,061	2,176	12,567	2,176	3,061
Average Recorded Investment	8,352	3,120	2,201	6,333	2,168	2,649
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	787	648	643	787	643	648
With no related allowance recorded, Unpaid Principal Balance	787	648	643	787	643	648
With no related allowance recorded, Average Recorded Investment	624		644	637	624	626
With no related allowance recorded, Interest Income Recognized	4		8	8	15	32
With no related allowance recorded, Interest Income Recognized Cash Basis			3	3	4	9
With a specific allowance recorded, Recorded Investment	60	181	219	60	219	181
With a specific allowance recorded, Unpaid Principal Balance	60	184	219	60	219	184
Related Allowance	16	30	54	16	54	30
With a specific allowance recorded, Average Recorded Investment	194		235	203	244	211
With a specific allowance recorded, Interest Income Recognized	1			3
With a specific allowance recorded, Interest Income Recognized Cash Basis	1			1
Recorded Investment	847	829	862	847	862	829
Unpaid Principal Balance	847	832	862	847	862	832
Average Recorded Investment	818		879	840	868	837
Interest Income Recognized	5		8	11	15	32
Interest Income Recognized Cash Basis	1		3	4	4	9
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	521			521
With no related allowance recorded, Unpaid Principal Balance	521			521
With no related allowance recorded, Average Recorded Investment	187			239		204
With no related allowance recorded, Interest Income Recognized	5			7
With a specific allowance recorded, Recorded Investment	5,469			5,469
With a specific allowance recorded, Unpaid Principal Balance	5,469			5,469
Related Allowance	438			438
With a specific allowance recorded, Average Recorded Investment	1,884			988		22
With a specific allowance recorded, Interest Income Recognized	1			3		1
Recorded Investment	5,990			5,990
Unpaid Principal Balance	5,990			5,990
Average Recorded Investment	2,071			1,227		226
Interest Income Recognized	6			10		1
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	383	491		383		491
With no related allowance recorded, Unpaid Principal Balance	383	491		383		491
With no related allowance recorded, Average Recorded Investment	340			363		124
With no related allowance recorded, Interest Income Recognized	4			8
With a specific allowance recorded, Recorded Investment	240	200	74	240	74	200
With a specific allowance recorded, Unpaid Principal Balance	240	200	74	240	74	200
Related Allowance	98	21	26	98	26	21
With a specific allowance recorded, Average Recorded Investment	161		74	141	37	29
With a specific allowance recorded, Interest Income Recognized	9
Recorded Investment	623	691	74	623	74	691
Unpaid Principal Balance	623	691	74	623	74	691
Average Recorded Investment	501		74	504	37	153
Interest Income Recognized	13			8
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	186	299	191	186	191	299
With no related allowance recorded, Unpaid Principal Balance	186	299	191	186	191	299
With no related allowance recorded, Average Recorded Investment	186		191	205	192	238
With no related allowance recorded, Interest Income Recognized			3	4	7	19
With a specific allowance recorded, Recorded Investment	3,072			3,072
With a specific allowance recorded, Unpaid Principal Balance	3,072			3,072
Related Allowance	58			58
With a specific allowance recorded, Average Recorded Investment	3,085			2,061
With a specific allowance recorded, Interest Income Recognized	39			78
Recorded Investment	3,258	299	191	3,258	191	299
Unpaid Principal Balance	3,258	299	191	3,258	191	299
Average Recorded Investment	3,271		191	2,266	192	238
Interest Income Recognized	39		3	82	7	19
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	791	982	237	791	237	982
With no related allowance recorded, Unpaid Principal Balance	791	982	237	791	237	982
With no related allowance recorded, Average Recorded Investment	568		787	633	936	637
With no related allowance recorded, Interest Income Recognized	4		3	6	6	66
With a specific allowance recorded, Recorded Investment	1,031	227	812	1,031	812	227
With a specific allowance recorded, Unpaid Principal Balance	1,031	377	812	1,031	812	377
Related Allowance	560	142	155	560	155	142
With a specific allowance recorded, Average Recorded Investment	1,095		270	834	135	555
With a specific allowance recorded, Interest Income Recognized	11		12	27	23
Recorded Investment	1,822	1,209	1,049	1,822	1,049	1,209
Unpaid Principal Balance	1,822	1,359	1,049	1,822	1,049	1,359
Average Recorded Investment	1,663		1,057	1,467	1,071	1,192
Interest Income Recognized	15		$ 15	33	$ 29	66
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	27			27
With no related allowance recorded, Unpaid Principal Balance	27			27
With no related allowance recorded, Average Recorded Investment	28			19
With no related allowance recorded, Interest Income Recognized				1
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				10		3
Recorded Investment	27	33		27		33
Unpaid Principal Balance	27	$ 33		27		33
Average Recorded Investment	$ 28			29		$ 3
Interest Income Recognized				$ 1

Loans - Summary of Activities i

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses
Balance at beginning of year			$ 7,228	$ 6,775	$ 6,775
Provision for loan loss	$ 1,569	$ 133	2,999	163	1,138
Loans charged off	(237)	(128)	(401)	(335)	(841)
Recoveries	68	42	107	80	156
Balance at ending of year	9,933		9,933		7,228
Allowance for Unfunded Loan Commitments & Letters of Credit	605		605		479
Total Allowance for Credit Losses	$ 10,538	$ 7,053	$ 10,538	$ 7,053	$ 7,707	$ 9,003	$ 6,982	$ 7,049

Loans - Analysis of Allowance f

Loans - Analysis of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$ 9,003	$ 6,982	$ 7,707	$ 7,049	$ 7,049
Charge Offs	(237)	(128)	(401)	(335)	(841)
Recoveries	68	42	107	80	156
Provision (Credit)	1,569	133	2,999	163	1,138
Other Non-interest expense related to unfunded	135	24	126	96
Ending Balance	10,538	7,053	10,538	7,053	7,707
Ending balance: individually evaluated for impairment	1,170	235	1,170	235	197
Ending balance: collectively evaluated for impairment	9,368	6,818	9,368	6,818	7,510
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	1,344,723	1,091,131	1,344,723	1,091,131	1,218,999
Ending balance: individually evaluated for impairment	12,567	2,176	12,567	2,176	3,061
Ending balance: collectively evaluated for impairment	1,332,016	1,088,620	1,332,016	1,088,620	1,215,786
Ending balance: loans acquired with deteriorated credit quality	140	335	140	335	152
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	345	268	311	247	247
Charge Offs		(14)	(35)	(56)
Recoveries	2		5
Provision (Credit)	223	21	289	84
Ending Balance	570	275	570	275	311
Ending balance: individually evaluated for impairment	16	54	16	54	30
Ending balance: collectively evaluated for impairment	554	221	554	221	281
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	173,615	158,957	173,615	158,957	164,691
Ending balance: individually evaluated for impairment	847	862	847	862	829
Ending balance: collectively evaluated for impairment	172,724	157,909	172,724	157,909	163,816
Ending balance: loans acquired with deteriorated credit quality	44	186	44	186	46
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	327	270	314	250	250
Provision (Credit)	486	70	499	90
Ending Balance	813	340	813	340	314
Ending balance: individually evaluated for impairment	438		438
Ending balance: collectively evaluated for impairment	375	340	375	340	314
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	194,310	193,616	194,310	193,616	198,859
Ending balance: individually evaluated for impairment	5,990		5,990
Ending balance: collectively evaluated for impairment	188,320	193,616	188,320	193,616	198,859
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	665	706	691	768	768
Recoveries		1		2
Provision (Credit)	371	49	345	(14)
Ending Balance	1,036	756	1,036	756	691
Ending balance: individually evaluated for impairment	98	26	98	26	21
Ending balance: collectively evaluated for impairment	938	730	938	730	670
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	107,615	113,906	107,615	113,906	111,949
Ending balance: individually evaluated for impairment	623	74	623	74	691
Ending balance: collectively evaluated for impairment	106,992	113,832	106,992	113,832	111,258
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	3,873	3,203	3,634	3,217	3,217
Charge Offs	(8)		(8)
Recoveries	2	3	5	5
Provision (Credit)	591	114	827	98
Ending Balance	4,458	3,320	4,458	3,320	3,634
Ending balance: individually evaluated for impairment	58		58
Ending balance: collectively evaluated for impairment	4,400	3,320	4,400	3,320	3,634
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	588,176	442,538	588,176	442,538	550,082
Ending balance: individually evaluated for impairment	3,258	191	3,258	191	299
Ending balance: collectively evaluated for impairment	584,918	442,347	584,918	442,347	549,783
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	2,750	1,490	1,727	1,305	1,305
Charge Offs	(165)		(165)
Recoveries	6	5	9	8
Provision (Credit)	(168)	(34)	852	148
Ending Balance	2,423	1,461	2,423	1,461	1,727
Ending balance: individually evaluated for impairment	560	155	560	155	142
Ending balance: collectively evaluated for impairment	1,863	1,306	1,863	1,306	1,585
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	230,748	133,014	230,748	133,014	144,009
Ending balance: individually evaluated for impairment	1,822	1,049	1,822	1,049	1,209
Ending balance: collectively evaluated for impairment	228,926	131,848	228,926	131,848	142,694
Ending balance: loans acquired with deteriorated credit quality		117		117	106
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	533	496	551	484	484
Charge Offs	(64)	(114)	(193)	(279)
Recoveries	58	33	88	65
Provision (Credit)	34	111	115	256
Ending Balance	561	526	561	526	551
Ending balance: individually evaluated for impairment					4
Ending balance: collectively evaluated for impairment	561	526	561	526	547
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	50,259	49,100	50,259	49,100	49,409
Ending balance: individually evaluated for impairment	27		27		33
Ending balance: collectively evaluated for impairment	50,136	49,068	50,136	49,068	49,376
Ending balance: loans acquired with deteriorated credit quality	96	32	96	32
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	40	203		504	504
Provision (Credit)	32	(198)	72	(499)
Ending Balance	72	5	72	5
Ending balance: collectively evaluated for impairment	72	5	72	5
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	470	346	479	274	274
Other Non-interest expense related to unfunded	135	24	126	96
Ending Balance	605	370	605	370	479
Ending balance: collectively evaluated for impairment	605	370	605	370	479
Ending balance: loans acquired with deteriorated credit quality	$ 0	$ 0	$ 0	$ 0	$ 0

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	Jun. 05, 2020USD ($)shares
Earnings Per Share [Abstract]
Compensation annual basis committee award | $	$ 4,000
Number of directors received shares | shares	176

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 4,804	$ 4,105	$ 6,180	$ 3,224	$ 8,909	$ 9,404
Less: distributed earnings allocated to participating securities	(13)		(11)		(26)	(23)
Less: undistributed earnings allocated to participating securities	(22)		(33)		(40)	(45)
Net earnings available to common shareholders	$ 4,769		$ 6,136		$ 8,843	$ 9,336
Weighted average common shares outstanding including participating securities	11,129,341		11,106,367		11,132,105	11,098,149
Less: average unvested restricted shares	(80,062)		(77,304)		(82,397)	(80,343)
Weighted average common shares outstanding	11,049,279		11,029,063		11,049,708	11,017,806
Basic and diluted earnings per share	$ 0.43		$ 0.56		$ 0.80	$ 0.85

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 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	$ 12,567	$ 3,061	$ 2,176
Specific allocation for collateral dependent impaired loans	1,170	197	$ 235
Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Specific allocation for collateral dependent impaired loans	830	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	$ 8,100	$ 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	Jun. 30, 2020	Dec. 31, 2019
Financial Assets:
Securities - available-for-sale	$ 236,292	$ 222,293
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	85,441	51,296
Interest-bearing time deposits	4,636	4,309
Securities - available-for-sale	236,292	222,293
Other securities	5,810	5,810
Loans held for sale	11,445	4,248
Loans, net	1,334,790	1,211,771
Interest receivable	6,522	6,769
Financial Liabilities:
Total Deposits	1,477,375	1,288,347
Federal funds purchased and securities sold under agreement to repurchase	30,949	48,073
Federal Home Loan Bank advances	19,087	24,806
Interest payable	583	754
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	85,441	51,296
Interest-bearing time deposits	4,707	4,331
Securities - available-for-sale	236,292	222,293
Other securities	5,810	5,810
Loans held for sale	11,445	4,248
Loans, net	1,302,710	1,188,014
Interest receivable	6,522	6,769
Financial Liabilities:
Total Deposits	1,480,773	1,288,855
Federal funds purchased and securities sold under agreement to repurchase	30,949	48,073
Federal Home Loan Bank advances	19,077	24,811
Interest payable	583	754
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	879,717	746,628
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	879,754	746,691
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	336,027	265,156
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	336,027	265,156
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	261,631	276,563
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	264,992	277,008
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	85,441	51,296
Securities - available-for-sale	8,030	10,021
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	4,707	4,331
Securities - available-for-sale	226,712	210,782
Financial Liabilities:
Total Deposits	336,027	265,156
Level 2 [Member] | Non Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	336,027	265,156
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	1,550	1,490
Other securities	5,810	5,810
Loans held for sale	11,445	4,248
Loans, net	1,302,710	1,188,014
Interest receivable	6,522	6,769
Financial Liabilities:
Total Deposits	1,144,746	1,023,699
Federal funds purchased and securities sold under agreement to repurchase	30,949	48,073
Federal Home Loan Bank advances	19,077	24,811
Interest payable	583	754
Level 3 [Member] | Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	879,754	746,691
Level 3 [Member] | Time Deposits [Member]
Financial Liabilities:
Total Deposits	$ 264,992	$ 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	Jun. 30, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 236,292	$ 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	8,030	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	8,030	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	226,712	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	226,712	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	1,550	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	1,550	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	8,030	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	8,030	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	72,369	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	72,369	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	103,699	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	103,699	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	52,194	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	50,644	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	1,550	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	$ 1,550	$ 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 1,537	$ 1,443	$ 1,490	$ 1,427
Change in Market Value	13	62	60	78
Payments & Maturities	0	0	0	0
Ending Balance	1,550	1,505	1,550	1,505
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,537	1,443	1,490	1,427
Change in Market Value	13	62	60	78
Payments & Maturities	0	0	0	0
Ending Balance	$ 1,550	$ 1,505	$ 1,550	$ 1,505

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	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 236,292	$ 222,293
State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	52,194	54,630
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,550	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	$ 1,550	$ 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	$ 8,089	$ 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	1.62	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	5.96	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	Jun. 30, 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	$ 8,089	$ 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	8,089	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	$ 8,089	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 ($)	Jun. 30, 2020	Dec. 31, 2019
Fees And Commissions Income [Abstract]
Federal funds purchased	$ 0	$ 17,843,000
Securities sold under agreements to repurchase	$ 30,900,000	$ 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 ($)	Jun. 30, 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	30,900,000	30,200,000
Total	30,949,000	48,073,000
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Federal funds purchased		17,843,000
Total	2,568,000	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	28,381,000	24,451,000
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	30,949,000	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	2,568,000	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	$ 28,381,000	$ 24,451,000

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Loan modifications that would have been previously treated as TDRs	0	0	0	0