Farmers & Merchants Bancorp (FMAO) 10-Q 2 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 24, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP, INC.
Entity Central Index Key	0000792966
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		11,189,052
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, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 93,636	$ 98,279
Federal funds sold	57,483	77,427
Total cash and cash equivalents	151,119	175,706
Interest-bearing time deposits	18,597	4,653
Securities - available-for-sale	407,500	307,812
Other securities, at cost	6,419	5,939
Loans held for sale	8,041	7,740
Loans, net	1,443,336	1,289,318
Premises and equipment	26,915	27,063
Goodwill	56,066	47,340
Mortgage servicing rights	3,146	3,320
Other real estate owned	198	71
Bank owned life insurance	27,218	25,208
Other assets	18,310	15,374
Total Assets	2,166,865	1,909,544
Deposits
Noninterest-bearing	443,863	351,147
Interest-bearing
NOW accounts	652,078	542,317
Savings	501,687	455,145
Time	256,445	247,553
Total deposits	1,854,073	1,596,162
Federal funds purchased and securities sold under agreements to repurchase	29,882	30,239
Federal Home Loan Bank (FHLB) advances	17,868	17,861
Dividend payable	1,888	1,889
Accrued expenses and other liabilities	12,569	14,233
Total liabilities	1,916,280	1,660,384
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 12,230,000 shares 6/30/21 and 12/31/20	82,259	81,804
Treasury stock - 1,040,948 shares 6/30/21, 1,032,456 shares 12/31/20	(12,172)	(11,932)
Retained earnings	179,734	173,591
Accumulated other comprehensive income	764	5,697
Total stockholders' equity	250,585	249,160
Total Liabilities and Stockholders' Equity	$ 2,166,865	$ 1,909,544

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
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	1,040,948	1,032,456

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest Income
Loans, including fees	$ 16,259	$ 16,192	$ 31,871	$ 32,075
Debt securities:
U.S. Treasury and government agencies	857	767	1,608	1,913
Municipalities	289	243	597	505
Dividends	31	26	81	71
Federal funds sold	6	5	11	11
Other	88	40	127	162
Total interest income	17,530	17,273	34,295	34,737
Interest Expense
Deposits	1,276	2,254	2,616	5,155
Federal funds purchased and securities sold under agreements to repurchase	163	187	329	431
Borrowed funds	115	257	337	523
Total interest expense	1,554	2,698	3,282	6,109
Net Interest Income - Before Provision for Loan Losses	15,976	14,575	31,013	28,628
Provision for Loan Losses	641	1,569	2,341	2,999
Net Interest Income After Provision for Loan Losses	15,335	13,006	28,672	25,629
Noninterest Income
Net gain on sale of loans	955	364	2,001	591
Net gain on sale of available-for-sale securities			293	270
Total noninterest income	4,027	3,326	9,018	6,448
Noninterest Expense
Salaries and wages	4,591	4,095	8,981	8,318
Employee benefits	1,915	1,218	3,909	2,895
Net occupancy expense	546	564	1,123	1,128
Furniture and equipment	848	750	1,639	1,508
Data processing	428	408	933	850
Franchise taxes	294	369	740	737
ATM expense	459	376	908	790
Advertising	331	265	566	568
Net (gain) loss on sale of other assets owned	227	(7)	202	(6)
FDIC assessment	276	144	512	216
Mortgage servicing rights amortization	524	356	1,029	488
Consulting fees	394	217	617	356
Other general and administrative	2,227	1,612	4,260	3,187
Total noninterest expense	13,060	10,367	25,419	21,035
Income Before Income Taxes	6,302	5,965	12,271	11,042
Income Taxes	1,319	1,161	2,379	2,133
Net Income	$ 4,983	$ 4,804	$ 9,892	$ 8,909
Basic and Diluted Earnings Per Share	$ 0.44	$ 0.43	$ 0.88	$ 0.80
Dividends Declared	$ 0.17	$ 0.16	$ 0.34	$ 0.32
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 2,198	$ 2,258	$ 5,012	$ 3,844
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 874	$ 704	$ 1,712	$ 1,743

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 4,983	$ 4,804	$ 9,892	$ 8,909
Other Comprehensive Income (Net of Tax):
Net unrealized gain (loss) on available-for-sale securities	786	661	(5,951)	5,659
Reclassification adjustment for realized gain on sale of available-for-sale securities			(293)	(270)
Net unrealized gain (loss) on available-for-sale securities	786	661	(6,244)	5,389
Tax expense (benefit)	165	139	(1,311)	1,132
Other comprehensive income (loss)	621	522	(4,933)	4,257
Comprehensive Income	$ 5,604	$ 5,326	$ 4,959	$ 13,166

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 [Member]
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 (loss)	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	(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 (loss)	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 awards, shares		2,112
Cash dividends declared	(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
Beginning balance at Dec. 31, 2020	249,160	$ 81,804	(11,932)	173,591	5,697
Beginning balance, shares at Dec. 31, 2020		11,197,544
Net income	4,909			4,909
Other comprehensive income (loss)	(5,554)				(5,554)
Purchase of treasury stock	(23)		(23)
Purchase of treasury stock, shares		(950)
Issuance of share of restricted stock and forfeiture of share of restricted stock		$ 1	(7)	6
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		150,000
Stock-based compensation expense	225	$ 225
Cash dividends declared	(1,889)			(1,889)
Ending balance at Mar. 31, 2021	246,828	$ 82,030	(11,962)	176,617	143
Ending balance, shares at Mar. 31, 2021		11,196,744
Beginning balance at Dec. 31, 2020	249,160	$ 81,804	(11,932)	173,591	5,697
Beginning balance, shares at Dec. 31, 2020		11,197,544
Net income	9,892
Ending balance at Jun. 30, 2021	250,585	$ 82,259	(12,172)	179,734	764
Ending balance, shares at Jun. 30, 2021		11,189,052
Beginning balance at Mar. 31, 2021	246,828	$ 82,030	(11,962)	176,617	143
Beginning balance, shares at Mar. 31, 2021		11,196,744
Net income	4,983			4,983
Other comprehensive income (loss)	621				621
Purchase of treasury stock	(201)		(201)
Purchase of treasury stock, shares		(8,929)
Issuance of share of restricted stock and forfeiture of share of restricted stock		$ 58	(47)	(11)
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		(1,975)
Stock-based compensation expense	171	$ 171
Director stock award	71		38	33
Director stock awards, shares		3,212
Cash dividends declared	(1,888)			(1,888)
Ending balance at Jun. 30, 2021	$ 250,585	$ 82,259	$ (12,172)	$ 179,734	$ 764
Ending balance, shares at Jun. 30, 2021		11,189,052

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes to Stockholder's Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2020
Cash dividends declared, per share	$ 0.17	$ 0.17	$ 0.16
Common Stock [Member]
Issuance of shares of restricted stock, Shares		750
Issuance of shares of restricted stock, forfeitures	1,975	600	450

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash Flows from Operating Activities
Net income			$ 9,892	$ 8,909
Adjustments to reconcile net income to net cash from operating activities:
Depreciation			1,360	1,310
Amortization of premiums on available-for-sale securities, net			1,044	554
Amortization of servicing rights	$ 524	$ 356	1,029	488
Amortization of core deposit intangible			303	364
Amortization of customer list intangible			61
Net amortization of fair value adjustments			3	310
Stock-based compensation expense			396	588
Director stock award			71	48
Deferred income taxes				(3)
Provision for loan loss	641	1,569	2,341	2,999	$ 6,981
Gain on sale of loans held for sale	(955)	(364)	(2,001)	(591)
Originations of loans held for sale			(65,018)	(87,998)
Proceeds from sale of loans held for sale			66,718	81,189
(Gain) loss on sale of other assets owned	227	(7)	202	(6)
Gain on sales of securities available-for-sale			(293)	(270)
Increase in cash surrender value of bank owned life insurance			(296)	(164)
Change in other assets and other liabilities, net			(2,779)	264
Net cash provided by operating activities			13,033	7,991
Activity in available-for-sale securities:
Maturities, prepayments and calls			30,084	39,959
Sales			9,291	11,843
Purchases			(115,815)	(60,696)
Activity in other securities, at cost:
Purchases			(199)
Change in interest-bearing time deposits			6,282	(327)
Proceeds from sale of other assets owned			147	85
Additions to premises and equipment			(976)	(1,000)
Loan originations and principal collections, net			(104,021)	(125,692)
Acquisition of Ossian Financial Services, Inc., net of cash received			228
Net cash used in investing activities			(174,979)	(135,828)
Cash Flows from Financing Activities
Net change in deposits			141,875	188,861
Net change in federal funds purchased and securities sold under agreements to repurchase			(357)	(17,124)
Repayment of FHLB advances			(157)	(5,993)
Purchase of treasury stock			(224)	(226)
Cash dividends paid on common stock			(3,778)	(3,536)
Net cash provided by financing activities			137,359	161,982
Net Increase (Decrease) in Cash and Cash Equivalents			(24,587)	34,145
Cash and Cash Equivalents - Beginning of year			175,706	51,296	51,296
Cash and Cash Equivalents - End of period	$ 151,119	$ 85,441	151,119	85,441	$ 175,706
Supplemental cash flow information:
Interest paid			3,085	5,839
Income taxes paid			3,520
Supplemental noncash disclosures:
Transfer of loans to other real estate owned			209
Cash dividends declared not paid			1,888	$ 1,768
Ossian Financial Services, Inc. [Member]
Supplemental noncash disclosures:
Fair value of assets acquired			137,058
Cash paid for the capital stock			20,001
Liabilities assumed			$ 117,057

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	Apr. 30, 2021USD ($)
Ossian Financial Services, Inc. [Member]
Purchase of assets	$ 20,001

Basis of Presentation and Other

Basis of Presentation and Other	6 Months Ended
	Jun. 30, 2021
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 six months ended June 30, 2021 are not necessarily indicative of the results that are expected for the year ended December 31, 2021. The condensed consolidated balance sheet of the Company as of December 31, 2020, 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, 2020. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. The Company’s principal source of revenue is interest income from loans and investment securities. The Company also earns noninterest income from various banking and financial services offered primarily through Farmers & Merchants State Bank. Interest income is primarily recognized on an accrual basis according to nondiscretionary formulas written in contracts, such as loan agreements or investment security contracts. The Company also earns noninterest income from various banking and financial services provided to business and consumer clients such as deposit account, debit card, and mortgage banking services. Revenue is recorded for noninterest income based on the contractual terms for the service or transaction performed.

Business Combination and Asset

Business Combination and Asset Purchase	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Business Combination and Asset Purchase	NOTE 2 BUSINESS COMBINATION AND ASSET PURCHASE On April 30, 2021, the Company acquired Ossian Financial Services, Inc., (OSFI), the bank holding company for Ossian State Bank, a community bank based in Ossian, Indiana. Ossian State Bank operated two full-service offices in the northeast Indiana communities of Ossian and Bluffton. Shareholders of OSFI received $67.71 in cash for each share. OSFI had 295,388 shares outstanding on April 30, 2021. Total consideration for the acquisition was approximately $20.0 million in cash. As a result of the acquisition, the Company will have an opportunity to increase its deposit base and reduce transaction costs. The Company also expects to reduce costs through economies of scale. In 2020, the Company incurred $42.5 thousand of third-party acquisition-related costs. The expenses recognized in 2020 related to other general and administration expenses of $30.0 thousand and consulting fees of $12.5 thousand. These acquisition expenses were included in the Company’s 2020 consolidated statement of income. In 2021, the Company has incurred additional third-party acquisition-related costs of $977.5 thousand. These expenses are comprised of employee benefits of $541.5 thousand, consulting fees of $245.0 thousand, ATM expense of $11.2 thousand and other general and administrative expense of $179.8 thousand in the Company’s consolidated statement of income for the quarter and six months ended June 30, 2021. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $ 20.0 million, $ 980.2 thousand has been allocated to core deposit intangible included in other assets and will be amortized over seven years on a straight line basis. Goodwill of $ 8.7 million which resulted from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Ossian State Bank and is deductible for tax purposes over 15 years . The following table summarizes the consideration paid for Ossian State Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 20,001 Total $ 20,001 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 20,229 Interest-bearing time deposits 20,226 Securities - available-for-sale 30,243 Other securities, at cost 281 Loans, net 52,403 Premises and equipment 494 Goodwill 8,726 Other assets 4,456 Total Assets Purchased $ 137,058 Liabilities Deposits Noninterest bearing $ 34,509 Interest bearing 81,535 Total deposits 116,044 Accrued expenses and other liabilities 1,013 Total Liabilities Assumed $ 117,057 The fair value of the assets acquired includes loans with a fair value of $52.4 million. The gross principal and contractual interest due under the contracts is $58.6 million, of which $1.1 million is expected to be uncollectible. The loans have a weighted average life of 52 months. The fair value of building and land included in premises and equipment was written down by $596 thousand with $244 thousand attributable to buildings and will be accreted over the useful life of 39 years, The fair value for certificates of deposit incorporates a valuation amount of $59 thousand which will be accreted over 1.4 years. Certain transferred loans evidenced deterioration of credit quality since origination and management deemed it 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 at June 30. The amounts of loans at April 30, 2021 and June 30, 2021 are as follows: 2021 (In Thousands) Balance - April 30, 2021 Consumer Real Estate $ 24 Agricultural Real Estate 981 Commercial Real Estate 315 Commercial & Industrial 314 Carrying amount, net of fair value adjustment of $325 $ 1,309 Balance - June 30, 2021 Consumer Real Estate $ 24 Agricultural Real Estate 981 Commercial Real Estate 310 Commercial & Industrial 309 Carrying amount, net of fair value adjustment of $325 $ 1,299 Loans acquired during 2021 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 Consumer Real Estate $ 28 Agricultural Real Estate 1,142 Commercial Real Estate 527 Commercial & Industrial 360 Total required payments receivable $ 2,057 Cash flows expected to be collected at acquisition $ 1,309 Basis in acquired loans at acquisition $ 1,634 There were no allowances for loan losses reversed in 2021. Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (In Thousands) (In Thousands) Beginning Balance $ - $ - Additions 762 762 Accretion (29 ) (29 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 733 $ 733 The results of operations of Ossian State Bank have been included in the Company’s consolidated financial statements since the acquisition date of April 30, 2021. The following schedule includes pro-forma results for the three and six months ended June 30, 2021 and 2020 as if the Ossian State Bank acquisitions had occurred as of the beginning of the comparable prior reporting period. (in thousands of dollars, except per share data) (in thousands of dollars, except per share data) Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Summary of Operations Net Interest Income - Before Provision for Loan Losses $ 16,229 $ 15,484 $ 32,032 $ 30,478 Provision for Loan Losses 641 1,570 2,342 3,001 Net Interest Income After Provision for Loan Losses 15,588 13,914 29,690 27,477 Noninterest Income 4,069 3,421 9,228 6,549 Noninterest Expense 12,209 11,151 25,130 22,604 Income Before Income Taxes 7,448 6,184 13,788 11,422 Income Taxes 1,543 1,166 2,674 2,166 Net Income $ 5,905 $ 5,018 $ 11,114 $ 9,256 Basic and Diluted Earnings Per Share $ 0.52 $ 0.45 $ 0.99 $ 0.83 The pro-forma information includes adjustments for interest income on loans, amortization of intangibles arising from the transaction, interest expense on deposits acquired, premises expense for the branches acquired and the related income tax effects. The pro-forma information for the quarter ended June 30, 2021 includes approximately $232 thousand, net of tax, of operating revenue from Ossian State Bank since acquisition. The pro-forma financial information is presented for informational purposes only and is not indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results. On January 1, 2019, the Company acquired Limberlost Bancshares, Inc. (“Limberlost”), the bank holding company for Bank of Geneva, a community bank based in Geneva, Indiana. Bank of Geneva operated six full-service offices in the northeast Indiana communities of Geneva, Berne, Decatur, Monroe, Portland and Monroeville. Shareholders of Limberlost received 1,830 shares of FMAO common stock and $8,465.00 in cash for each share. Limberlost had 1,000 shares outstanding on January 1, 2019. The share price of Farmers & Merchants Bancorp, Inc. (FMAO) stock on January 1, 2019 was $38.49. Total consideration for the acquisition was approximately $78.9 million consisting of $8.5 million in cash and $70.4 million in stock. As a result of the acquisition, the Company has had an opportunity to increase its deposit base and reduce transaction costs. The Company has also reduced costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $78.9 million, $3.9 million has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $43.3 million resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Bank of Geneva. Of that total amount, none of the purchase price is deductible for tax purposes. Changes in accretable yield, or income expected to be collected, for the three and six months ended are as follows: Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 1,542 $ 1,978 $ 1,653 $ 2,021 Additions 4 1 5 2 Accretion (107 ) (108 ) (215 ) (214 ) Reclassification from nonaccretable difference - - - 62 Disposals - - (4 ) - Ending Balance $ 1,439 $ 1,871 $ 1,439 $ 1,871 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, 2020 was $ 364 thousand of which $ 84 thousand was related to the purchase of the Custar office in December of 2013. Of the $ 653 thousand to be expensed in 2021 , $303 thousand has been expensed for the six months ended June 30, 2021 . Annual amortization of core deposit intangible assets is as follows: (In Thousands) (In Thousands) (In Thousands) Geneva Ossian Total 2021 $ 560 $ 93 $ 653 2022 560 140 700 2023 560 140 700 2024 560 140 700 2025 560 140 700 Thereafter - 327 - $ 2,800 $ 980 3,453 On November 16, 2020, FM Investment Services, a division of the Bank, purchased the assets and clients of Adams County Financial Resources (ACFR), a full-service registered investment advisory firm located in Geneva, Indiana. ACFR was founded in 1994 by R. Lee Flueckiger and provides clients and their families with financial confidence through personalized investment planning and services. As of November 30, 2020, ACFR had approximately $83 million of assets under management and over 450 clients. Total consideration for the purchase was $825 thousand which consisted of 40,049 shares of stock. As a result of this purchase, the Company expects an increase to noninterest income of approximately $500 thousand in 2021 with the majority of the income to be recognized in the second half of the year. Under the acquisition method of accounting, the total purchase is allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $825 thousand, $800 thousand has been allocated to customer list intangible, included in other assets, to be amortized over 6.5 years on a straight line basis. The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired: Fair Value of Consideration Transferred (In Thousands) Common Shares (40,049 shares) $ 825 Total $ 825 Recognized amounts of identifiable assets acquired Assets Premises and equipment $ 25 Customer list intangible 800 Total Assets Purchased $ 825 Of the $123 thousand to be expensed in 2021, $61 thousand has been expensed for the six months ended June 30, 2021. Annual amortization expense of customer list intangible is as follows: (In Thousands) Adams County Financial Resources 2021 $ 123 2022 123 2023 123 2024 123 2025 123 Thereafter 169 $ 784

Securities

Securities	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020, are as follows: (In Thousands) June 30, 2021 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 63,989 $ 1 $ (630 ) $ 63,360 U.S. Government agencies 151,203 1,233 (1,832 ) 150,604 Mortgage-backed securities 128,312 1,336 (1,075 ) 128,573 State and local governments 63,030 2,132 (199 ) 64,963 Total available-for-sale securities $ 406,534 $ 4,702 $ (3,736 ) $ 407,500 (In Thousands) December 31, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ - $ - $ - $ - U.S. Government agencies 122,514 1,857 (130 ) 124,241 Mortgage-backed securities 110,828 2,228 - 113,056 State and local governments 67,260 3,265 (10 ) 70,515 Total available-for-sale securities $ 300,602 $ 7,350 $ (140 ) $ 307,812 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, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) June 30, 2021 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 $ (630 ) $ 53,192 $ - $ - $ (630 ) $ 53,192 U.S. Government agencies (1,832 ) 104,211 - - (1,832 ) 104,211 Mortgage-backed securities (1,075 ) 72,504 - - (1,075 ) 72,504 State and local governments (199 ) 14,208 - - (199 ) 14,208 Total available-for-sale securities $ (3,736 ) $ 244,115 $ - $ - $ (3,736 ) $ 244,115 (In Thousands) December 31, 2020 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ - $ - $ - $ - $ - $ - U.S. Government agencies (130 ) 48,331 - - (130 ) 48,331 Mortgage-backed securities - - - - - - State and local governments (10 ) 3,562 - - (10 ) 3,562 Total available-for-sale securities $ (140 ) $ 51,893 $ - $ - $ (140 ) $ 51,893 Unrealized losses on securities have not been recognized into income because the issuers’ bonds are of high credit quality, values have only been impacted by changes in interest rates since the securities were purchased, and the Company has the intent and ability to hold the securities for the foreseeable future. The fair value is expected to recover as the bonds approach the maturity date. Below are the gross realized gains and losses for the three and six months ended June 30, 2021 and June 30, 2020. Three Months Six Months (In Thousands) (In Thousands) 2021 2020 2021 2020 Gross realized gains $ - $ - $ 293 $ 270 Gross realized losses - - - - Net realized gains $ - $ - $ 293 $ 270 Tax expense related to net realized gains $ - $ - $ 62 $ 57 The net realized gains on sales and related tax expense is a reclassification out of accumulated other comprehensive income (loss). The net realized gains are included in net gains on sale of available-for-sale securities and the related tax expense is included in income taxes in the condensed consolidated statements of income and comprehensive income (loss). The amortized cost and fair value of debt securities at June 30, 2021, 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 $ 8,526 $ 8,613 After one year through five years 100,620 101,848 After five years through ten years 168,727 168,106 After ten years 349 360 Total $ 278,222 $ 278,927 Mortgage-backed securities 128,312 128,573 Total $ 406,534 $ 407,500 Investments with a carrying value of $78.5 million and $83.2 million at June 30, 2021 and December 31, 2020, respectively, were pledged to secure public deposits and securities sold under repurchase agreements. Other securities include Federal Home Loan Bank of Cincinnati and Indianapolis stock in the amount of $6.1 million as of June 30, 2021 and $5.8 million as of December 31, 2020 in addition to Ohio Equity Fund for Housing Limited Partnership of $348 thousand as of June 30, 2021 and $151 thousand as of December 31, 2020.

Loans

Loans	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans	NOTE 4 LOANS Loan balances as of June 30, 2021 and December 31, 2020 are summarized below: (In Thousands) Loans: June 30, 2021 December 31, 2020 Consumer Real Estate $ 194,715 $ 175,588 Agricultural Real Estate 189,742 189,159 Agricultural 100,756 94,358 Commercial Real Estate 691,122 588,825 Commercial and Industrial 216,609 189,246 Consumer 56,427 52,540 Other 13,549 15,757 1,462,920 1,305,473 Less: Net deferred loan fees and costs (4,497 ) (2,483 ) 1,458,423 1,302,990 Less: Allowance for loan losses (15,087 ) (13,672 ) Loans - Net $ 1,443,336 $ 1,289,318 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, 2021: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 136,798 $ 57,917 Agricultural Real Estate 112,034 77,708 Agricultural 86,550 14,206 Commercial Real Estate 553,391 137,731 Commercial and Industrial 183,955 32,654 Consumer 52,421 4,006 Other 13,547 2 As of June 30, 2021 and December 31, 2020 one to four family residential mortgage loans amounting to $36.5 million and $38.0 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, 2021 and December 31, 2020, net of deferred loan fees and costs: June 30, 2021 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 $ 85 $ 25 $ 249 $ 359 $ 194,215 $ 194,574 $ - Agricultural Real Estate 201 - - 201 189,225 189,426 - Agricultural - - 117 117 100,788 100,905 - Commercial Real Estate - - 181 181 689,547 689,728 - Commercial and Industrial - - 814 814 226,442 227,256 - Consumer 32 8 - 40 56,494 56,534 - Total $ 318 $ 33 $ 1,361 $ 1,712 $ 1,456,711 $ 1,458,423 $ - December 31, 2020 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 269 $ 191 $ 1,032 $ 1,492 $ 173,824 $ 175,316 $ - Agricultural Real Estate - - 88 88 188,738 188,826 - Agricultural - - 176 176 94,314 94,490 - Commercial Real Estate - - 185 185 587,469 587,654 - Commercial and Industrial - 750 983 1,733 202,310 204,043 - Consumer 53 - - 53 52,608 52,661 - Total $ 322 $ 941 $ 2,464 $ 3,727 $ 1,299,263 $ 1,302,990 $ - The following table presents the recorded investment in nonaccrual loans by class of loans as of June 30, 2021 and December 31, 2020: (In Thousands) June 30, 2021 December 31, 2020 Consumer Real Estate $ 445 $ 1,546 Agricultural Real Estate 5,010 5,575 Agricultural 117 307 Commercial Real Estate 632 665 Commercial & Industrial 814 1,296 Consumer 13 15 Total $ 7,031 $ 9,404 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 the 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. Included in commercial loans for 2021 and 2020 are Paycheck Protection Program (PPP) loans, administered by the Small Business Administration (SBA), in the amounts of $47.0 million and $36.2 million, respectively. The PPP provides loans to eligible businesses through financial institutions like the Bank, with loans being eligible for forgiveness of some or all of the principal amount by the SBA if the borrower meets certain requirements. The SBA guarantees repayment of the loans to the Bank if the borrower’s loan is not forgiven and is then not repaid by the customer. Therefore, there is no allowance for loan losses related to these loans. Consumer: Funding for individual and family purposes. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others. Other: Primarily funds public improvements in the Bank’s service area. Repayment ability is based on the continuance of the taxation revenue as the source of repayment. The Bank uses a nine tier risk rating system to grade its loans. The grade of a loan may change during the life of the loan. The risk ratings are described as follows. 1. Zero (0) Unclassified. Any loan which has not been assigned a classification. 2. One (1) Excellent. Credit to premier customers having the highest credit rating based on an extremely strong financial condition, which compares favorably with industry standards (upper quartile of RMA ratios). Financial statements indicate a sound earnings and financial ratio trend for several years with satisfactory profit margins and excellent liquidity exhibited. Prime credits may also be borrowers with loans fully secured by highly liquid collateral such as traded stocks, bonds, certificates of deposit, savings account, etc. No credit or collateral exceptions exist, and the loan adheres to The Bank's loan policy in every respect. Financing alternatives would be readily available and would qualify for unsecured credit. This rate is summarized by high liquidity, minimum risk, strong ratios, and low handling costs. 3. Two (2) Good. Desirable loans of somewhat less stature than rate 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets and a history of profitability. Probability of serious financial deterioration is unlikely. Possessing a sound repayment source (and a secondary source), which would allow repayment in a reasonable period of time. Individual loans backed by liquid personal assets, established history and unquestionable character. 4. Three (3) Satisfactory. Satisfactory loans of average or slightly above average risk – having some deficiency or vulnerability to changing economic conditions, but still fully collectible. Projects should normally demonstrate acceptable debt service coverage. There may be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment. Loans may be rated 3 when there is no recent information on which to base a current risk evaluation and the following conditions apply: At inception, the loan was properly underwritten and did not possess an unwarranted level of credit risk; a. At inception, the loan was secured with collateral possessing a loan-to-value adequate to protect The Bank from loss; b. The loan exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance; c. During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the business is in an industry which is known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk rating is warranted. 5. Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk rating may be established for a loan considered satisfactory but which is of average credit risk due to financial weakness or uncertainty. The loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in Satisfactory/Monitored classification is considered acceptable and within normal underwriting guidelines, so long as the loan is given management supervision. 6. Five (5) Special Mention. Loans that possess some credit deficiency or potential weakness which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. The key distinctions of a 5 (Special Mention) classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential” versus “defined” impairments to the primary source of loan repayment and collateral. 7. Six (6) Substandard. One or more of the following characteristics may be exhibited in loans classified substandard: a. Loans which possess a defined credit weakness and the likelihood that a loan will be paid from the primary source are uncertain. Financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss. b. Loans are inadequately protected by the current net worth and paying capacity of the borrower. c. The primary source of repayment is weakened, and The Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees. d. Loans are characterized by the distinct possibility that The Bank will sustain some loss if deficiencies are not corrected. e. Unusual courses of action are needed to maintain a high probability of repayment. f. The borrower is not generating enough cash flow to repay loan principal; however, continues to make interest payments. g. The lender is forced into a subordinate position or unsecured collateral position due to flaws in documentation. h. Loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms. i. The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan. j. There is significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions. 8. Seven (7) Doubtful. One or more of the following characteristics may be exhibited in loans classified Doubtful: a. Loans have all of the weaknesses of those classified as Substandard. Additionally, however, these weaknesses make collection or liquidation in full based on existing conditions improbable. b. The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. c. The possibility of loss is high, but, because of certain important pending factors which may strengthen the loan, loss classification is deferred until its exact status is known. A Doubtful classification is established deferring the realization of the loss. 9. Eight (8) Loss. Loans are considered uncollectable and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. [ 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, 2021 and December 31, 2020: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other June 30, 2021 1-2 $ 11,266 $ 3,678 $ 11,506 $ 50,321 $ - 3 42,763 22,980 202,360 36,000 2,963 4 115,726 73,458 440,615 120,761 10,586 5 5,411 500 2,193 2,507 - 6 14,260 289 33,054 4,072 - 7 - - - 46 - 8 - - - - - Total $ 189,426 $ 100,905 $ 689,728 $ 213,707 $ 13,549 Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2020 1-2 $ 11,960 $ 5,093 $ 11,001 $ 38,486 $ - 3 38,306 23,779 165,201 26,515 4,651 4 112,465 63,480 396,076 114,108 11,106 5 7,478 1,577 4,010 3,266 - 6 18,617 561 11,366 4,796 - 7 - - - 1,115 - 8 - - - - - Total $ 188,826 $ 94,490 $ 587,654 $ 188,286 $ 15,757 For consumer residential real estate, and other, the Company also evaluates credit quality based on the aging status of the loan, as was previously stated, and by payment activity. The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of June 30, 2021 and December 31, 2020. (In Thousands) Consumer Consumer Real Estate Real Estate June 30, 2021 December 31, 2020 Grade Pass $ 192,273 $ 171,667 Special Mention (5) 1,236 1,284 Substandard (6) 1,065 2,365 Doubtful (7) - - Total $ 194,574 $ 175,316 (In Thousands) Consumer - Credit Consumer - Other June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Performing $ 3,353 $ 3,660 $ 53,066 $ 48,855 Nonperforming 7 10 108 136 Total $ 3,360 $ 3,670 $ 53,174 $ 48,991 Information about impaired loans as of June 30, 2021, December 31, 2020 and June 30, 2020 are as follows: (In Thousands) June 30, 2021 December 31, 2020 June 30, 2020 Impaired loans without a valuation allowance $ 3,063 $ 5,172 $ 2,695 Impaired loans with a valuation allowance 8,976 9,360 9,872 Total impaired loans $ 12,039 $ 14,532 $ 12,567 Valuation allowance related to impaired loans $ 1,156 $ 1,657 $ 1,170 Total non-accrual loans $ 7,031 $ 9,404 $ 8,473 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 12,206 $ 14,868 $ 8,352 Year to date average investment in impaired loans $ 12,836 $ 10,234 $ 6,333 There were $5.7 thousand of additional funds available to be advanced in connection with impaired loans as of June 30, 2021. The Bank had approximately $5.5 million of its impaired loans classified as troubled debt restructured (TDR) as of June 30, 2021, $6.5 million as of December 31, 2020 and $6.4 million as of June 30, 2020. 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. During the second quarter of 2021, one new loan was considered a TDR which resulted in payment changes from a monthly payment to monthly interest only payments on May 3, 2021. Two loans were also paid off in June 2021. In the second quarter of 2020, three new loans were considered TDR and were given a rate concession along with the amortization extended. During the year to date 2020, there were 5 new loans considered TDR with one of the loans subsequently paid off in May. Interest was paid current at the time of all modifications. Consequently, the financial impact of the modifications was immaterial to the ALLL . The following tables represent three and six months ended June 30, 2021 and 2020: Pre- Post- Pre- Post- Three Months Number of Modification Modification Six Months Number of Modification Modification June 30, 2021 Contracts Outstanding Outstanding June 30, 2021 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 Ag Real Estate - $ - $ - Ag Real Estate - $ - $ - Agricultural - - - Agricultural - - - Commercial Real Estate 1 382 382 Commercial Real Estate 1 382 382 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 Ag Real Estate 2 $ 5,380 $ 5,380 Ag Real Estate 2 $ 5,380 $ 5,380 Agricultural 1 164 164 Agricultural 1 164 164 Commercial Real Estate - - - Commercial Real Estate 2 981 981 For the three and six month periods ended June 30, 2021 and 2020, there were no TDRs that subsequently defaulted after modification. For the six month period ended June 30, 2021, there was one impaired commercial real estate loan of $86 thousand and one impaired commercial loan of $480 thousand that were classified as TDR paid off as well as three impaired commercial loans of $809 thousand that were classified as TDR charged off. There was one impaired commercial real estate loan of $481 thousand that was classified as TDR paid off for the six month period ended June 30, 2020. [ 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 90 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. A broker’s price opinion or appraisal will be completed on all home loans in litigation and any deficiency will be charged off before reaching 150 days delinquent. 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, 2021 and June 30, 2020 and for the year ended December 31, 2020. (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 2021 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 $ 770 $ 823 $ - $ 494 $ 1 $ 3 Agricultural Real Estate 728 728 - 994 22 - Agricultural 131 231 - 184 4 - Commercial Real Estate 181 181 - 480 4 3 Commercial and Industrial 1,236 1,367 - 1,298 6 2 Consumer 17 27 - 19 - - With a specific allowance recorded: Consumer Real Estate - - - 55 - - Agricultural Real Estate 5,794 5,794 914 5,556 - - Agricultural 117 117 117 39 - - Commercial Real Estate 3,065 3,065 125 3,087 27 3 Commercial and Industrial - - - - - - Consumer - - - - - - Totals: Consumer Real Estate $ 770 $ 823 $ - $ 549 $ 1 $ 3 Agricultural Real Estate $ 6,522 $ 6,522 $ 914 $ 6,550 $ 22 $ - Agricultural $ 248 $ 348 $ 117 $ 223 $ 4 $ - Commercial Real Estate $ 3,246 $ 3,246 $ 125 $ 3,567 $ 31 $ 6 Commercial and Industrial $ 1,236 $ 1,367 $ - $ 1,298 $ 6 $ 2 Consumer $ 17 $ 27 $ - $ 19 $ - $ - (In Thousands) Interest Year Ended December 31, 2020 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 799 $ 799 $ - $ 738 $ 22 $ 10 Agricultural Real Estate 1,546 1,549 - 729 18 12 Agricultural 291 291 - 392 3 3 Commercial Real Estate 185 185 - 195 13 - Commercial and Industrial 2,328 2,328 - 1,222 26 5 Consumer 23 23 - 16 - - With a specific allowance recorded: Consumer Real Estate 202 202 31 126 - 3 Agricultural Real Estate 5,210 5,210 600 3,175 6 102 Agricultural 176 176 116 188 - - Commercial Real Estate 2,765 2,765 20 2,524 128 - Commercial and Industrial 1,007 1,007 890 916 52 - Consumer - - - 11 1 - Totals: Consumer Real Estate $ 1,001 $ 1,001 $ 31 $ 864 $ 22 $ 13 Agricultural Real Estate $ 6,756 $ 6,759 $ 600 $ 3,904 $ 24 $ 114 Agricultural $ 467 $ 467 $ 116 $ 580 $ 3 $ 3 Commercial Real Estate $ 2,950 $ 2,950 $ 20 $ 2,719 $ 141 $ - Commercial and Industrial $ 3,335 $ 3,335 $ 890 $ 2,138 $ 78 $ 5 Consumer $ 23 $ 23 $ - $ 27 $ 1 $ - (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) YTD YTD YTD Interest Six Months Ended June 30, 2021 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 $ 770 $ 823 $ - $ 501 $ 3 $ 7 Agricultural Real Estate 728 728 - 1,262 44 - Agricultural 131 231 - 176 6 - Commercial Real Estate 181 181 - 1,393 8 6 Commercial and Industrial 1,236 1,367 - 1,546 23 3 Consumer 17 27 - 20 - - With a specific allowance recorded: Consumer Real Estate - - - 117 - - Agricultural Real Estate 5,794 5,794 914 5,357 - - Agricultural 117 117 117 127 - - Commercial Real Estate 3,065 3,065 125 2,002 54 3 Commercial and Industrial - - - 335 - - Consumer - - - - - - Totals: Consumer Real Estate $ 770 $ 823 $ - $ 618 $ 3 $ 7 Agricultural Real Estate $ 6,522 $ 6,522 $ 914 $ 6,619 $ 44 $ - Agricultural $ 248 $ 348 $ 117 $ 303 $ 6 $ - Commercial Real Estate $ 3,246 $ 3,246 $ 125 $ 3,395 $ 62 $ 9 Commercial and Industrial $ 1,236 $ 1,367 $ - $ 1,881 $ 23 $ 3 Consumer $ 17 $ 27 $ - $ 20 $ - $ - (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 $ - As of June 30, 2021, the Company had The Allowance for Loan and Lease Losses (ALLL) has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense. The following tables summarize the activities in the allowance for credit losses. (In Thousands) Six Months Ended Twelve Months Ended June 30, 2021 December 31, 2020 Allowance for Loan & Lease Losses Balance at beginning of year $ 13,672 $ 7,228 Provision for loan loss 2,341 6,981 Loans charged off (1,051 ) (720 ) Recoveries 125 183 Allowance for Loan & Lease Losses $ 15,087 $ 13,672 Allowance for Unfunded Loan Commitments & Letters of Credit $ 1,145 $ 641 Total Allowance for Credit Losses $ 16,232 $ 14,313 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 ALLL does not include an accretable yield of $2.2 million and $1.7 million as June 30, 2021 and December 31, 2020 respectively, related to the acquisitions of Bank of Geneva in 2019 and Ossian State Bank in 2021 as previously discussed in Note 2. 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, 2021 and June 30, 2020 in addition to the ending balances as of December 31, 2020 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, 2021 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 624 $ 1,386 $ 616 $ 7,668 $ 2,608 $ 595 $ 1,052 $ 928 $ 15,477 Charge Offs - - - - - (38 ) - - (38 ) Recoveries 3 - 6 3 5 42 - - 59 Provision (Credit) 22 (169 ) 98 1,160 224 14 - (708 ) 641 Other Non-interest expense related to unfunded - - - - - - 93 - 93 Ending Balance $ 649 $ 1,217 $ 720 $ 8,831 $ 2,837 $ 613 $ 1,145 $ 220 $ 16,232 Ending balance: individually evaluated for impairment $ - $ 914 $ 117 $ 125 $ - $ - $ - $ - $ 1,156 Ending balance: collectively evaluated for impairment $ 649 $ 303 $ 603 $ 8,706 $ 2,837 $ 613 $ 1,145 $ 220 $ 15,076 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 194,574 $ 189,426 $ 100,905 $ 689,728 $ 227,256 $ 56,534 $ - $ - $ 1,458,423 Ending balance: individually evaluated for impairment $ 770 $ 6,522 $ 248 $ 3,246 $ 1,236 $ 17 $ - $ - $ 12,039 Ending balance: collectively evaluated for impairment $ 193,741 $ 181,923 $ 100,657 $ 686,172 $ 225,635 $ 56,517 $ - $ - $ 1,444,645 Ending balance: loans acquired with deteriorated credit quality $ 63 $ 981 $ - $ 310 $ 385 $ - $ - $ - $ 1,739 December 31, 2020 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 $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Ending balance: individually evaluated for impairment $ 31 $ 600 $ 116 $ 20 $ 890 $ - $ - $ - $ 1,657 Ending balance: collectively evaluated for impairment $ 602 $ 358 $ 585 $ 7,395 $ 2,456 $ 606 $ 641 $ 13 $ 12,656 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 175,316 $ 188,826 $ 94,490 $ 587,654 $ 204,043 $ 52,661 $ - $ - $ 1,302,990 Ending balance: individually evaluated for impairment $ 1,001 $ 6,756 $ 467 $ 2,950 $ 3,335 $ 23 $ - $ - $ 14,532 Ending balance: collectively evaluated for impairment $ 174,273 $ 182,070 $ 94,023 $ 584,704 $ 200,602 $ 52,638 $ - $ - $ 1,288,310 Ending balance: loans acquired with deteriorated credit quality $ 42 $ - $ - $ - $ 106 $ - $ - $ - $ 148 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 $ 228,830 $ 49,159 $ - $ - $ 1,330,943 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, 2021 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Charge Offs - - (142 ) - (809 ) (100 ) - - (1,051 ) Recoveries 6 - 6 5 10 98 - - 125 Provision (Credit) 10 259 155 1,411 290 9 - 207 2,341 Other Non-interest expense related to unfunded - - - - - - 504 - 504 Ending Balance $ 649 $ 1,217 $ 720 $ 8,831 $ 2,837 $ 613 $ 1,145 $ 220 $ 16,232 Ending balance: individually evaluated for impairment $ - $ 914 $ 117 $ 125 $ - $ - $ - $ - $ 1,156 Ending balance: collectively evaluated for impairment $ 649 $ 303 $ 603 $ 8,706 $ 2,837 $ 613 $ 1,145 $ 220 $ 15,076 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 194,574 $ 189,426 $ 100,905 $ 689,728 $ 227,256 $ 56,534 $ - $ - $ 1,458,423 Ending balance: individually evaluated for impairment $ 770 $ 6,522 $ 248 $ 3,246 $ 1,236 $ 17 $ - $ - $ 12,039 Ending balance

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
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. Beginning in 2020, the Compensation Committee of the Company has determined that it is appropriate to award shares of the common stock of the Company to Outside Directors and Employees that are officers of the Company or the Bank who also serve as Directors of the Company and the Bank as a portion of their retainer for services rendered as Directors of the Company and the Bank. The Committee believes that it is appropriate to award the Directors shares equal to a specific dollar amount, rounded to the nearest whole share on an annual basis commencing on June 5, 2020 and thereafter on the first Friday of June in each year. Directors receive a prorated dollar value of shares for a partial year of service. The value for the shares is to be based upon the closing price for shares on June 4, 2020 and thereafter on the first Thursday in June in each year. On June 5, 2020, each Director received approximately $4,000 which equated to 176 shares. On June 4, 2021, ten Directors received approximately $6,000 worth of shares which equated to 272 shares while four Directors received a prorated dollar value of shares. The use of stock for Directors’ retainer, does not have an effect on diluted earnings per share as it is immediately vested. (in thousands of dollars) (in thousands of dollars) Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Earnings per share Net income $ 4,983 $ 4,804 $ 9,892 $ 8,909 Less: distributed earnings allocated to participating securities (14 ) (13 ) (29 ) (26 ) Less: undistributed earnings allocated to participating securities (23 ) (22 ) (46 ) (40 ) Net earnings available to common shareholders $ 4,946 $ 4,769 $ 9,817 $ 8,843 Weighted average common shares outstanding including participating securities 11,191,043 11,129,341 11,194,011 11,132,105 Less: average unvested restricted shares (84,125 ) (80,062 ) (85,353 ) (82,397 ) Weighted average common shares outstanding 11,106,918 11,049,279 11,108,658 11,049,708 Basic and diluted earnings per share $ 0.44 $ 0.43 $ 0.88 $ 0.80

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
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. [ Remainder of this page intentionally left blank ] The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of June 30, 2021 and December 31, 2020 are reflected below. (In Thousands) June 30, 2021 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 151,119 $ 151,119 $ 151,119 $ - $ - Interest-bearing time deposits 18,597 18,635 - 18,635 - Securities - available-for-sale 407,500 407,500 63,360 340,192 3,948 Other securities 6,419 6,419 - - 6,419 Loans held for sale 8,041 8,041 - - 8,041 Loans, net 1,443,336 1,402,959 - - 1,402,959 Interest receivable 6,495 6,495 - - 6,495 Financial Liabilities: Interest bearing deposits $ 1,153,765 $ 1,153,807 $ - $ - $ 1,153,807 Non-interest bearing deposits 443,863 443,863 - 443,863 - Time deposits 256,445 258,344 - - 258,344 Total Deposits 1,854,073 1,856,014 - 443,863 1,412,151 Federal funds purchased and securities sold under agreement to repurchase 29,882 29,882 - - 29,882 Federal Home Loan Bank advances 17,868 17,869 - - 17,869 Interest payable 379 379 - - 379 (In Thousands) December 31, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 175,706 $ 175,706 $ 175,706 $ - $ - Interest-bearing time deposits 4,653 4,677 - 4,677 - Securities - available-for-sale 307,812 307,812 - 306,250 1,562 Other securities 5,939 5,939 - - 5,939 Loans held for sale 7,740 7,740 - - 7,740 Loans, net 1,289,318 1,261,440 - - 1,261,440 Interest receivable 6,188 6,188 - - 6,188 Financial Liabilities: Interest bearing deposits $ 997,462 $ 1,004,608 $ - $ - $ 1,004,608 Non-interest bearing deposits 351,147 351,147 - 351,147 - Time deposits 247,553 250,135 - - 250,135 Total Deposits 1,596,162 1,605,890 - 351,147 1,254,743 Federal funds purchased and securities sold under agreement to repurchase 30,239 30,239 - - 30,239 Federal Home Loan Bank advances 17,861 17,872 - - 17,872 Interest payable 338 338 - - 338 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, 2021 and December 31, 2020, 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, 2021 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 $ 63,360 $ - $ - U.S. Government agencies - 150,604 - Mortgage-backed securities - 128,573 - State and local governments - 61,015 3,948 Total Securities Available-for-Sale $ 63,360 $ 340,192 $ 3,948 December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ - $ - $ - U.S. Government agencies - 124,241 - Mortgage-backed securities - 113,056 - State and local governments - 68,953 1,562 Total Securities Available-for-Sale $ - $ 306,250 $ 1,562 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, 2021 and June 30, 2020. (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, 2021 $ - $ 1,539 $ 1,539 Change in Market Value (8 ) (1 ) (9 ) Purchases 2,418 - 2,418 Payments & Maturities - - - Balance at June 30, 2021 $ 2,410 $ 1,538 $ 3,948 (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, 2021 $ - $ 1,562 $ 1,562 Change in Market Value (8 ) (24 ) (32 ) . Purchases 2,418 - 2,418 Payments & Maturities - - - Balance at June 30, 2021 $ 2,410 $ 1,538 $ 3,948 (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 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, 2021 and December 31, 2020, 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, 2021 and December 31, 2020, fair value of collateral dependent impaired loans categorized as Level 3 was $7.5 million and $7.7 million, respectively. The specific allocation for impaired loans was $961.3 thousand and $1.7 million as of June 30, 2021 and December 31, 2020, 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, 2021 Valuation Technique Unobservable Inputs Average) State and local government $ 3,948 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0.34-1.34% (0.86%) Collateral dependent impaired loans 7,516 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 34.54-81.41% (47.96%) Other real estate owned - residential 137 Appraisals Discount to reflect current market 0-7.32% (7.32%) (In Thousands) Range Fair Value at (Weighted December 31, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,562 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 1.19-1.19% (1.19%) Collateral dependent impaired loans 7,703 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0.71-100% (17.71%) Other real estate owned - residential - Appraisals Discount to reflect current market — % ( — ) The following table presents impaired loans as recorded at fair value on June 30, 2021 and December 31, 2020: Assets Measured at Fair Value on a Nonrecurring Basis at June 30, 2021 (In Thousands) Balance at June 30, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 7,516 $ - $ - $ 7,516 Other real estate owned - residential 137 - - 137 Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020 (In Thousands) Balance at December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 7,703 $ - $ - $ 7,703 Other real estate owned - residential - - - -

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020. During the same time periods, the Company also had $29.9 million and $30.2 million in securities sold under agreement to repurchase. June 30, 2021 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,531 - - 28,351 29,882 Total $ 1,531 $ - $ - $ 28,351 $ 29,882 December 31, 2020 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,899 - 3,900 24,440 30,239 Total $ 1,899 $ - $ 3,900 $ 24,440 $ 30,239

Proposed Business Combination

Proposed Business Combination	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Proposed Business Combination	NOTE 8 PROPOSED BUSINESS COMBINATION On May 4, 2021, the Company announced they have signed an agreement and plan of reorganization and merger (the Agreement) whereby F&M will acquire Perpetual Federal Savings Bank, (“PFSB”), in a stock and cash transaction. PFSB operates one full-service office in Urbana, Ohio. At March 31, 2021, PFSB reported $391 million in total assets, $326 million in loans, $305 million in deposits and $79 million in tangible equity. PFSB is taxed as an S-Corporation. The expected closing date is October 1, 2021. Subject to the terms of the Agreement, which has been unanimously approved by the Board of Directors of each company, PFSB shareholders will elect to receive either 1,776 shares of FMAO stock or $41.20 per share in cash for each PFSB share owned, subject to adjustment based upon 1,833,000 shares of FMAO to be issued in the merger. At March 31, 2021, PFSB reported 2,470,032 shares of common stock outstanding. Based on FMAO’s closing share price as of May 3, 2021 of $24.22, the implied aggregate acquisition value equals $103.7 million. In 2021, the Company incurred $248.1 thousand of third-party acquisition related costs. These expenses are comprised of consulting fees of $91.8 thousand and other general and administrative expense of $156.3 thousand in the Company’s consolidated statement of income for the three and six months ended June 30, 2021.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2021
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 9 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company 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 has not adopted ASU 2016-13 in calendar year 2021 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 10 SUBSEQUENT EVENT On July 30, 2021, the Company announced the completion of a private placement of $35 million aggregate principal amount of its 3.25% fixed-to-floating rate subordinated notes due July 30, 2031 (the “Notes”) to various accredited investors (the “Offering”). The price for the Notes was 100% of the principal amount of the Notes. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The Company intends to use the net proceeds from the Offering for general corporate purposes, including financing acquisitions and organic growth. Interest on the Notes will accrue at a rate equal to (i) 3.25% per annum from the original issue date to, but excluding, the five-year

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 9 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company 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 has not adopted ASU 2016-13 in calendar year 2021 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13.

Business Combination and Asse_2

Business Combination and Asset Purchase (Tables)	6 Months Ended
	Jun. 30, 2021
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Ossian State Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 20,001 Total $ 20,001 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 20,229 Interest-bearing time deposits 20,226 Securities - available-for-sale 30,243 Other securities, at cost 281 Loans, net 52,403 Premises and equipment 494 Goodwill 8,726 Other assets 4,456 Total Assets Purchased $ 137,058 Liabilities Deposits Noninterest bearing $ 34,509 Interest bearing 81,535 Total deposits 116,044 Accrued expenses and other liabilities 1,013 Total Liabilities Assumed $ 117,057
Summary of Carrying Amount of Loans	The carrying amount of those loans is included in loans, net on the balance sheet at June 30. The amounts of loans at April 30, 2021 and June 30, 2021 are as follows: 2021 (In Thousands) Balance - April 30, 2021 Consumer Real Estate $ 24 Agricultural Real Estate 981 Commercial Real Estate 315 Commercial & Industrial 314 Carrying amount, net of fair value adjustment of $325 $ 1,309 Balance - June 30, 2021 Consumer Real Estate $ 24 Agricultural Real Estate 981 Commercial Real Estate 310 Commercial & Industrial 309 Carrying amount, net of fair value adjustment of $325 $ 1,299
Summary of Loans Acquired and Contractually Required Payments Receivable	Loans acquired during 2021 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 Consumer Real Estate $ 28 Agricultural Real Estate 1,142 Commercial Real Estate 527 Commercial & Industrial 360 Total required payments receivable $ 2,057 Cash flows expected to be collected at acquisition $ 1,309 Basis in acquired loans at acquisition $ 1,634
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, for the three and six months ended are as follows: Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 (In Thousands) (In Thousands) (In Thousands) (In Thousands) Beginning Balance $ 1,542 $ 1,978 $ 1,653 $ 2,021 Additions 4 1 5 2 Accretion (107 ) (108 ) (215 ) (214 ) Reclassification from nonaccretable difference - - - 62 Disposals - - (4 ) - Ending Balance $ 1,439 $ 1,871 $ 1,439 $ 1,871
Schedule of Pro-forma Results	The following schedule includes pro-forma results for the three and six months ended June 30, 2021 and 2020 as if the Ossian State Bank acquisitions had occurred as of the beginning of the comparable prior reporting period. (in thousands of dollars, except per share data) (in thousands of dollars, except per share data) Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Summary of Operations Net Interest Income - Before Provision for Loan Losses $ 16,229 $ 15,484 $ 32,032 $ 30,478 Provision for Loan Losses 641 1,570 2,342 3,001 Net Interest Income After Provision for Loan Losses 15,588 13,914 29,690 27,477 Noninterest Income 4,069 3,421 9,228 6,549 Noninterest Expense 12,209 11,151 25,130 22,604 Income Before Income Taxes 7,448 6,184 13,788 11,422 Income Taxes 1,543 1,166 2,674 2,166 Net Income $ 5,905 $ 5,018 $ 11,114 $ 9,256 Basic and Diluted Earnings Per Share $ 0.52 $ 0.45 $ 0.99 $ 0.83
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) Geneva Ossian Total 2021 $ 560 $ 93 $ 653 2022 560 140 700 2023 560 140 700 2024 560 140 700 2025 560 140 700 Thereafter - 327 - $ 2,800 $ 980 3,453
Customer Lists [Member]
Business Acquisition [Line Items]
Schedule of Annual Amortization of Core Deposit Intangible Assets	Annual amortization expense of customer list intangible is as follows: (In Thousands) Adams County Financial Resources 2021 $ 123 2022 123 2023 123 2024 123 2025 123 Thereafter 169 $ 784
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, are as follows: Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (In Thousands) (In Thousands) Beginning Balance $ - $ - Additions 762 762 Accretion (29 ) (29 ) Reclassification from nonaccretable difference - - Disposals - - Ending Balance $ 733 $ 733
Adams County Financial Resources
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired: Fair Value of Consideration Transferred (In Thousands) Common Shares (40,049 shares) $ 825 Total $ 825 Recognized amounts of identifiable assets acquired Assets Premises and equipment $ 25 Customer list intangible 800 Total Assets Purchased $ 825

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020, are as follows (In Thousands) June 30, 2021 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 63,989 $ 1 $ (630 ) $ 63,360 U.S. Government agencies 151,203 1,233 (1,832 ) 150,604 Mortgage-backed securities 128,312 1,336 (1,075 ) 128,573 State and local governments 63,030 2,132 (199 ) 64,963 Total available-for-sale securities $ 406,534 $ 4,702 $ (3,736 ) $ 407,500 (In Thousands) December 31, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ - $ - $ - $ - U.S. Government agencies 122,514 1,857 (130 ) 124,241 Mortgage-backed securities 110,828 2,228 - 113,056 State and local governments 67,260 3,265 (10 ) 70,515 Total available-for-sale securities $ 300,602 $ 7,350 $ (140 ) $ 307,812
Gross Unrealized Losses, Aggregated by Investment Category and Length of Time	Information pertaining to securities with gross unrealized losses at June 30, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) June 30, 2021 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 $ (630 ) $ 53,192 $ - $ - $ (630 ) $ 53,192 U.S. Government agencies (1,832 ) 104,211 - - (1,832 ) 104,211 Mortgage-backed securities (1,075 ) 72,504 - - (1,075 ) 72,504 State and local governments (199 ) 14,208 - - (199 ) 14,208 Total available-for-sale securities $ (3,736 ) $ 244,115 $ - $ - $ (3,736 ) $ 244,115 (In Thousands) December 31, 2020 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ - $ - $ - $ - $ - $ - U.S. Government agencies (130 ) 48,331 - - (130 ) 48,331 Mortgage-backed securities - - - - - - State and local governments (10 ) 3,562 - - (10 ) 3,562 Total available-for-sale securities $ (140 ) $ 51,893 $ - $ - $ (140 ) $ 51,893
Gross Realized Gains and Losses	Below are the gross realized gains and losses for the three and six months ended June 30, 2021 and June 30, 2020. Three Months Six Months (In Thousands) (In Thousands) 2021 2020 2021 2020 Gross realized gains $ - $ - $ 293 $ 270 Gross realized losses - - - - Net realized gains $ - $ - $ 293 $ 270 Tax expense related to net realized gains $ - $ - $ 62 $ 57
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity	The amortized cost and fair value of debt securities at June 30, 2021, 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 $ 8,526 $ 8,613 After one year through five years 100,620 101,848 After five years through ten years 168,727 168,106 After ten years 349 360 Total $ 278,222 $ 278,927 Mortgage-backed securities 128,312 128,573 Total $ 406,534 $ 407,500

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans	Loan balances as of June 30, 2021 and December 31, 2020 are summarized below: (In Thousands) Loans: June 30, 2021 December 31, 2020 Consumer Real Estate $ 194,715 $ 175,588 Agricultural Real Estate 189,742 189,159 Agricultural 100,756 94,358 Commercial Real Estate 691,122 588,825 Commercial and Industrial 216,609 189,246 Consumer 56,427 52,540 Other 13,549 15,757 1,462,920 1,305,473 Less: Net deferred loan fees and costs (4,497 ) (2,483 ) 1,458,423 1,302,990 Less: Allowance for loan losses (15,087 ) (13,672 ) Loans - Net $ 1,443,336 $ 1,289,318
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, 2021: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 136,798 $ 57,917 Agricultural Real Estate 112,034 77,708 Agricultural 86,550 14,206 Commercial Real Estate 553,391 137,731 Commercial and Industrial 183,955 32,654 Consumer 52,421 4,006 Other 13,547 2
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, 2021 and December 31, 2020, net of deferred loan fees and costs: June 30, 2021 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 $ 85 $ 25 $ 249 $ 359 $ 194,215 $ 194,574 $ - Agricultural Real Estate 201 - - 201 189,225 189,426 - Agricultural - - 117 117 100,788 100,905 - Commercial Real Estate - - 181 181 689,547 689,728 - Commercial and Industrial - - 814 814 226,442 227,256 - Consumer 32 8 - 40 56,494 56,534 - Total $ 318 $ 33 $ 1,361 $ 1,712 $ 1,456,711 $ 1,458,423 $ - December 31, 2020 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 269 $ 191 $ 1,032 $ 1,492 $ 173,824 $ 175,316 $ - Agricultural Real Estate - - 88 88 188,738 188,826 - Agricultural - - 176 176 94,314 94,490 - Commercial Real Estate - - 185 185 587,469 587,654 - Commercial and Industrial - 750 983 1,733 202,310 204,043 - Consumer 53 - - 53 52,608 52,661 - Total $ 322 $ 941 $ 2,464 $ 3,727 $ 1,299,263 $ 1,302,990 $ -
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, 2021 and December 31, 2020: (In Thousands) June 30, 2021 December 31, 2020 Consumer Real Estate $ 445 $ 1,546 Agricultural Real Estate 5,010 5,575 Agricultural 117 307 Commercial Real Estate 632 665 Commercial & Industrial 814 1,296 Consumer 13 15 Total $ 7,031 $ 9,404
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, 2021 and December 31, 2020: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other June 30, 2021 1-2 $ 11,266 $ 3,678 $ 11,506 $ 50,321 $ - 3 42,763 22,980 202,360 36,000 2,963 4 115,726 73,458 440,615 120,761 10,586 5 5,411 500 2,193 2,507 - 6 14,260 289 33,054 4,072 - 7 - - - 46 - 8 - - - - - Total $ 189,426 $ 100,905 $ 689,728 $ 213,707 $ 13,549 Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2020 1-2 $ 11,960 $ 5,093 $ 11,001 $ 38,486 $ - 3 38,306 23,779 165,201 26,515 4,651 4 112,465 63,480 396,076 114,108 11,106 5 7,478 1,577 4,010 3,266 - 6 18,617 561 11,366 4,796 - 7 - - - 1,115 - 8 - - - - - Total $ 188,826 $ 94,490 $ 587,654 $ 188,286 $ 15,757
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, 2021 and December 31, 2020. (In Thousands) Consumer Consumer Real Estate Real Estate June 30, 2021 December 31, 2020 Grade Pass $ 192,273 $ 171,667 Special Mention (5) 1,236 1,284 Substandard (6) 1,065 2,365 Doubtful (7) - - Total $ 194,574 $ 175,316 (In Thousands) Consumer - Credit Consumer - Other June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Performing $ 3,353 $ 3,660 $ 53,066 $ 48,855 Nonperforming 7 10 108 136 Total $ 3,360 $ 3,670 $ 53,174 $ 48,991
Schedule of Impaired Loans	Information about impaired loans as of June 30, 2021, December 31, 2020 and June 30, 2020 are as follows: (In Thousands) June 30, 2021 December 31, 2020 June 30, 2020 Impaired loans without a valuation allowance $ 3,063 $ 5,172 $ 2,695 Impaired loans with a valuation allowance 8,976 9,360 9,872 Total impaired loans $ 12,039 $ 14,532 $ 12,567 Valuation allowance related to impaired loans $ 1,156 $ 1,657 $ 1,170 Total non-accrual loans $ 7,031 $ 9,404 $ 8,473 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 12,206 $ 14,868 $ 8,352 Year to date average investment in impaired loans $ 12,836 $ 10,234 $ 6,333
Impaired Loans Classified as Troubled Debt Restructured	The following tables represent three and six months ended June 30, 2021 and 2020: Pre- Post- Pre- Post- Three Months Number of Modification Modification Six Months Number of Modification Modification June 30, 2021 Contracts Outstanding Outstanding June 30, 2021 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 Ag Real Estate - $ - $ - Ag Real Estate - $ - $ - Agricultural - - - Agricultural - - - Commercial Real Estate 1 382 382 Commercial Real Estate 1 382 382 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 Ag Real Estate 2 $ 5,380 $ 5,380 Ag Real Estate 2 $ 5,380 $ 5,380 Agricultural 1 164 164 Agricultural 1 164 164 Commercial Real Estate - - - Commercial Real Estate 2 981 981
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, 2021 and June 30, 2020 and for the year ended December 31, 2020. (In Thousands) QTD QTD QTD Interest Three Months Ended June 30, 2021 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 $ 770 $ 823 $ - $ 494 $ 1 $ 3 Agricultural Real Estate 728 728 - 994 22 - Agricultural 131 231 - 184 4 - Commercial Real Estate 181 181 - 480 4 3 Commercial and Industrial 1,236 1,367 - 1,298 6 2 Consumer 17 27 - 19 - - With a specific allowance recorded: Consumer Real Estate - - - 55 - - Agricultural Real Estate 5,794 5,794 914 5,556 - - Agricultural 117 117 117 39 - - Commercial Real Estate 3,065 3,065 125 3,087 27 3 Commercial and Industrial - - - - - - Consumer - - - - - - Totals: Consumer Real Estate $ 770 $ 823 $ - $ 549 $ 1 $ 3 Agricultural Real Estate $ 6,522 $ 6,522 $ 914 $ 6,550 $ 22 $ - Agricultural $ 248 $ 348 $ 117 $ 223 $ 4 $ - Commercial Real Estate $ 3,246 $ 3,246 $ 125 $ 3,567 $ 31 $ 6 Commercial and Industrial $ 1,236 $ 1,367 $ - $ 1,298 $ 6 $ 2 Consumer $ 17 $ 27 $ - $ 19 $ - $ - (In Thousands) Interest Year Ended December 31, 2020 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 799 $ 799 $ - $ 738 $ 22 $ 10 Agricultural Real Estate 1,546 1,549 - 729 18 12 Agricultural 291 291 - 392 3 3 Commercial Real Estate 185 185 - 195 13 - Commercial and Industrial 2,328 2,328 - 1,222 26 5 Consumer 23 23 - 16 - - With a specific allowance recorded: Consumer Real Estate 202 202 31 126 - 3 Agricultural Real Estate 5,210 5,210 600 3,175 6 102 Agricultural 176 176 116 188 - - Commercial Real Estate 2,765 2,765 20 2,524 128 - Commercial and Industrial 1,007 1,007 890 916 52 - Consumer - - - 11 1 - Totals: Consumer Real Estate $ 1,001 $ 1,001 $ 31 $ 864 $ 22 $ 13 Agricultural Real Estate $ 6,756 $ 6,759 $ 600 $ 3,904 $ 24 $ 114 Agricultural $ 467 $ 467 $ 116 $ 580 $ 3 $ 3 Commercial Real Estate $ 2,950 $ 2,950 $ 20 $ 2,719 $ 141 $ - Commercial and Industrial $ 3,335 $ 3,335 $ 890 $ 2,138 $ 78 $ 5 Consumer $ 23 $ 23 $ - $ 27 $ 1 $ - (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) YTD YTD YTD Interest Six Months Ended June 30, 2021 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 $ 770 $ 823 $ - $ 501 $ 3 $ 7 Agricultural Real Estate 728 728 - 1,262 44 - Agricultural 131 231 - 176 6 - Commercial Real Estate 181 181 - 1,393 8 6 Commercial and Industrial 1,236 1,367 - 1,546 23 3 Consumer 17 27 - 20 - - With a specific allowance recorded: Consumer Real Estate - - - 117 - - Agricultural Real Estate 5,794 5,794 914 5,357 - - Agricultural 117 117 117 127 - - Commercial Real Estate 3,065 3,065 125 2,002 54 3 Commercial and Industrial - - - 335 - - Consumer - - - - - - Totals: Consumer Real Estate $ 770 $ 823 $ - $ 618 $ 3 $ 7 Agricultural Real Estate $ 6,522 $ 6,522 $ 914 $ 6,619 $ 44 $ - Agricultural $ 248 $ 348 $ 117 $ 303 $ 6 $ - Commercial Real Estate $ 3,246 $ 3,246 $ 125 $ 3,395 $ 62 $ 9 Commercial and Industrial $ 1,236 $ 1,367 $ - $ 1,881 $ 23 $ 3 Consumer $ 17 $ 27 $ - $ 20 $ - $ - (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 $ -
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, 2021 December 31, 2020 Allowance for Loan & Lease Losses Balance at beginning of year $ 13,672 $ 7,228 Provision for loan loss 2,341 6,981 Loans charged off (1,051 ) (720 ) Recoveries 125 183 Allowance for Loan & Lease Losses $ 15,087 $ 13,672 Allowance for Unfunded Loan Commitments & Letters of Credit $ 1,145 $ 641 Total Allowance for Credit Losses $ 16,232 $ 14,313
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, 2021 and June 30, 2020 in addition to the ending balances as of December 31, 2020 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, 2021 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 624 $ 1,386 $ 616 $ 7,668 $ 2,608 $ 595 $ 1,052 $ 928 $ 15,477 Charge Offs - - - - - (38 ) - - (38 ) Recoveries 3 - 6 3 5 42 - - 59 Provision (Credit) 22 (169 ) 98 1,160 224 14 - (708 ) 641 Other Non-interest expense related to unfunded - - - - - - 93 - 93 Ending Balance $ 649 $ 1,217 $ 720 $ 8,831 $ 2,837 $ 613 $ 1,145 $ 220 $ 16,232 Ending balance: individually evaluated for impairment $ - $ 914 $ 117 $ 125 $ - $ - $ - $ - $ 1,156 Ending balance: collectively evaluated for impairment $ 649 $ 303 $ 603 $ 8,706 $ 2,837 $ 613 $ 1,145 $ 220 $ 15,076 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 194,574 $ 189,426 $ 100,905 $ 689,728 $ 227,256 $ 56,534 $ - $ - $ 1,458,423 Ending balance: individually evaluated for impairment $ 770 $ 6,522 $ 248 $ 3,246 $ 1,236 $ 17 $ - $ - $ 12,039 Ending balance: collectively evaluated for impairment $ 193,741 $ 181,923 $ 100,657 $ 686,172 $ 225,635 $ 56,517 $ - $ - $ 1,444,645 Ending balance: loans acquired with deteriorated credit quality $ 63 $ 981 $ - $ 310 $ 385 $ - $ - $ - $ 1,739 December 31, 2020 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 $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Ending balance: individually evaluated for impairment $ 31 $ 600 $ 116 $ 20 $ 890 $ - $ - $ - $ 1,657 Ending balance: collectively evaluated for impairment $ 602 $ 358 $ 585 $ 7,395 $ 2,456 $ 606 $ 641 $ 13 $ 12,656 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 175,316 $ 188,826 $ 94,490 $ 587,654 $ 204,043 $ 52,661 $ - $ - $ 1,302,990 Ending balance: individually evaluated for impairment $ 1,001 $ 6,756 $ 467 $ 2,950 $ 3,335 $ 23 $ - $ - $ 14,532 Ending balance: collectively evaluated for impairment $ 174,273 $ 182,070 $ 94,023 $ 584,704 $ 200,602 $ 52,638 $ - $ - $ 1,288,310 Ending balance: loans acquired with deteriorated credit quality $ 42 $ - $ - $ - $ 106 $ - $ - $ - $ 148 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 $ 228,830 $ 49,159 $ - $ - $ 1,330,943 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, 2021 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Charge Offs - - (142 ) - (809 ) (100 ) - - (1,051 ) Recoveries 6 - 6 5 10 98 - - 125 Provision (Credit) 10 259 155 1,411 290 9 - 207 2,341 Other Non-interest expense related to unfunded - - - - - - 504 - 504 Ending Balance $ 649 $ 1,217 $ 720 $ 8,831 $ 2,837 $ 613 $ 1,145 $ 220 $ 16,232 Ending balance: individually evaluated for impairment $ - $ 914 $ 117 $ 125 $ - $ - $ - $ - $ 1,156 Ending balance: collectively evaluated for impairment $ 649 $ 303 $ 603 $ 8,706 $ 2,837 $ 613 $ 1,145 $ 220 $ 15,076 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 194,574 $ 189,426 $ 100,905 $ 689,728 $ 227,256 $ 56,534 $ - $ - $ 1,458,423 Ending balance: individually evaluated for impairment $ 770 $ 6,522 $ 248 $ 3,246 $ 1,236 $ 17 $ - $ - $ 12,039 Ending balance: collectively evaluated for impairment $ 193,741 $ 181,923 $ 100,657 $ 686,172 $ 225,635 $ 56,517 $ - $ - $ 1,444,645 Ending balance: loans acquired with deteriorated credit quality $ 63 $ 981 $ - $ 310 $ 385 $ - $ - $ - $ 1,739 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 $ 228,830 $ 49,159 $ - $ - $ 1,330,943 Ending balance: loans acquired with deteriorated credit quality $ 44 $ - $ - $ - $ 96 $ - $ - $ - $ 140

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Earnings per share Net income $ 4,983 $ 4,804 $ 9,892 $ 8,909 Less: distributed earnings allocated to participating securities (14 ) (13 ) (29 ) (26 ) Less: undistributed earnings allocated to participating securities (23 ) (22 ) (46 ) (40 ) Net earnings available to common shareholders $ 4,946 $ 4,769 $ 9,817 $ 8,843 Weighted average common shares outstanding including participating securities 11,191,043 11,129,341 11,194,011 11,132,105 Less: average unvested restricted shares (84,125 ) (80,062 ) (85,353 ) (82,397 ) Weighted average common shares outstanding 11,106,918 11,049,279 11,108,658 11,049,708 Basic and diluted earnings per share $ 0.44 $ 0.43 $ 0.88 $ 0.80

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020 are reflected below. (In Thousands) June 30, 2021 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 151,119 $ 151,119 $ 151,119 $ - $ - Interest-bearing time deposits 18,597 18,635 - 18,635 - Securities - available-for-sale 407,500 407,500 63,360 340,192 3,948 Other securities 6,419 6,419 - - 6,419 Loans held for sale 8,041 8,041 - - 8,041 Loans, net 1,443,336 1,402,959 - - 1,402,959 Interest receivable 6,495 6,495 - - 6,495 Financial Liabilities: Interest bearing deposits $ 1,153,765 $ 1,153,807 $ - $ - $ 1,153,807 Non-interest bearing deposits 443,863 443,863 - 443,863 - Time deposits 256,445 258,344 - - 258,344 Total Deposits 1,854,073 1,856,014 - 443,863 1,412,151 Federal funds purchased and securities sold under agreement to repurchase 29,882 29,882 - - 29,882 Federal Home Loan Bank advances 17,868 17,869 - - 17,869 Interest payable 379 379 - - 379 (In Thousands) December 31, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 175,706 $ 175,706 $ 175,706 $ - $ - Interest-bearing time deposits 4,653 4,677 - 4,677 - Securities - available-for-sale 307,812 307,812 - 306,250 1,562 Other securities 5,939 5,939 - - 5,939 Loans held for sale 7,740 7,740 - - 7,740 Loans, net 1,289,318 1,261,440 - - 1,261,440 Interest receivable 6,188 6,188 - - 6,188 Financial Liabilities: Interest bearing deposits $ 997,462 $ 1,004,608 $ - $ - $ 1,004,608 Non-interest bearing deposits 351,147 351,147 - 351,147 - Time deposits 247,553 250,135 - - 250,135 Total Deposits 1,596,162 1,605,890 - 351,147 1,254,743 Federal funds purchased and securities sold under agreement to repurchase 30,239 30,239 - - 30,239 Federal Home Loan Bank advances 17,861 17,872 - - 17,872 Interest payable 338 338 - - 338
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, 2021 and December 31, 2020, 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, 2021 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 $ 63,360 $ - $ - U.S. Government agencies - 150,604 - Mortgage-backed securities - 128,573 - State and local governments - 61,015 3,948 Total Securities Available-for-Sale $ 63,360 $ 340,192 $ 3,948 December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ - $ - $ - U.S. Government agencies - 124,241 - Mortgage-backed securities - 113,056 - State and local governments - 68,953 1,562 Total Securities Available-for-Sale $ - $ 306,250 $ 1,562
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, 2021 and June 30, 2020. (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, 2021 $ - $ 1,539 $ 1,539 Change in Market Value (8 ) (1 ) (9 ) Purchases 2,418 - 2,418 Payments & Maturities - - - Balance at June 30, 2021 $ 2,410 $ 1,538 $ 3,948 (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, 2021 $ - $ 1,562 $ 1,562 Change in Market Value (8 ) (24 ) (32 ) . Purchases 2,418 - 2,418 Payments & Maturities - - - Balance at June 30, 2021 $ 2,410 $ 1,538 $ 3,948 (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
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, 2021 Valuation Technique Unobservable Inputs Average) State and local government $ 3,948 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0.34-1.34% (0.86%) Collateral dependent impaired loans 7,516 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 34.54-81.41% (47.96%) Other real estate owned - residential 137 Appraisals Discount to reflect current market 0-7.32% (7.32%) (In Thousands) Range Fair Value at (Weighted December 31, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,562 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 1.19-1.19% (1.19%) Collateral dependent impaired loans 7,703 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0.71-100% (17.71%) Other real estate owned - residential - Appraisals Discount to reflect current market — % ( — )
Impaired Loans	The following table presents impaired loans as recorded at fair value on June 30, 2021 and December 31, 2020: Assets Measured at Fair Value on a Nonrecurring Basis at June 30, 2021 (In Thousands) Balance at June 30, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 7,516 $ - $ - $ 7,516 Other real estate owned - residential 137 - - 137 Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020 (In Thousands) Balance at December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 7,703 $ - $ - $ 7,703 Other real estate owned - residential - - - -

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)	6 Months Ended
	Jun. 30, 2021
Brokers And Dealers [Abstract]
Schedule of Remaining Contractual Maturity in Repurchase Agreements	June 30, 2021 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,531 - - 28,351 29,882 Total $ 1,531 $ - $ - $ 28,351 $ 29,882 December 31, 2020 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,899 - 3,900 24,440 30,239 Total $ 1,899 $ - $ 3,900 $ 24,440 $ 30,239

Business Combination and Asse_3

Business Combination and Asset Purchase - Additional Information (Detail)	Apr. 30, 2021USD ($)Office$ / sharesshares	Nov. 16, 2020USD ($)shares	Jan. 01, 2019USD ($)Office$ / sharesshares	Jun. 30, 2021USD ($)shares	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)shares	Nov. 30, 2020USD ($)Client
Business Acquisition [Line Items]
Common stock, shares outstanding | shares				12,230,000	12,230,000		12,230,000
Business combination, acquisition related costs				$ 977,500	$ 977,500		$ 42,500
Recognition of core deposit intangible asset with acquired purchase					$ 3,900,000
Remaining economic useful life					7 years
Goodwill				56,066,000	$ 56,066,000		47,340,000
Goodwill deductible for tax purpose, period	15 years
Fair value of assets acquired				52,400,000	52,400,000
Gross principal and contractual interest				58,600,000	58,600,000
Acquisition expected to be uncollectible				1,100,000	$ 1,100,000
Loan receivable weighted average life					52 months
Business combination, premises and equipment written down value					$ 596,000
Business combination, average remaining life					39 years
Fair value for certificate of deposit, valuation amount				59,000	$ 59,000
Fair value for certificate of deposit, amortization period					1 year 4 months 24 days
Pro-forma operating revenue, net of tax				232,000
Amortization expense					$ 303,000	$ 364,000
Amortization expense for 2021				653,000	653,000	653,000
Custar [Member]
Business Acquisition [Line Items]
Amortization expense						84,000
Building
Business Acquisition [Line Items]
Business combination, premises and equipment written down value					244,000
Customer Lists [Member]
Business Acquisition [Line Items]
Amortization expense					61,000
Amortization expense for 2021				123,000	123,000
Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs				179,800	179,800		30,000
Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs				245,000	245,000		$ 12,500
Employee Benefits [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs				541,500	541,500
ATM Expense [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs				11,200	11,200
Ossian State Bank [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office	2
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Cash payment for exchange of each share | $ / shares	$ 67.71
Common stock, shares outstanding | shares	295,388
Total consideration for acquisition	$ 20,001,000
Goodwill	8,726,000
Cash paid for the capital stock	20,001,000				20,001,000
Amortization expense for 2021						$ 93,000
Ossian Financial Services, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 980,200
Remaining economic useful life	7 years
Bank of Geneva [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office			6
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Cash payment for exchange of each share | $ / shares			$ 8,465
Common stock, shares outstanding | shares			1,000
Total consideration for acquisition			$ 78,900,000
Goodwill			$ 43,300,000
Common stock issued in exchange of each outstanding share | shares			1,830,000
Share price | $ / shares			$ 38.49
Cash paid for the capital stock			$ 8,500,000
Stock issued for acquisition			70,400,000
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
Adams County Financial Resources
Business Acquisition [Line Items]
Total consideration for acquisition		$ 825,000
Common stock issued in exchange of each outstanding share | shares		40,049
Stock issued for acquisition		$ 825,000
Assets under management amount								$ 83,000,000
Number of clients assets under management | Client								450
Increase to noninterest income		500,000
Adams County Financial Resources | Customer Lists [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 800,000
Remaining economic useful life		6 years 6 months
Amortization expense for 2021				$ 123,000	$ 123,000

Business Combination and Asse_4

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Nov. 16, 2020	Jun. 30, 2021	Dec. 31, 2020
Assets
Goodwill			$ 56,066	$ 47,340
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Cash	$ 20,001		$ 20,001
Total	20,001
Assets
Cash and cash equivalents	20,229
Interest-bearing time deposits	20,226
Securities - available-for-sale	30,243
Other securities, at cost	281
Loans, net	52,403
Premises and equipment	494
Goodwill	8,726
Other assets	4,456
Total Assets Purchased	137,058
Deposits
Noninterest bearing	34,509
Interest bearing	81,535
Total deposits	116,044
Accrued expenses and other liabilities	1,013
Total Liabilities Assumed	$ 117,057
Adams County Financial Resources
Business Acquisition [Line Items]
Total		$ 825
Assets
Premises and equipment		25
Customer list intangible		800
Total Assets Purchased		825
Deposits
Common Shares (40,049 shares)		$ 825

Business Combination and Asse_5

Business Combination and Asset Purchase - Summary of Carrying Amount of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Apr. 30, 2021
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 1,299	$ 1,309
Consumer Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	24	24
Agricultural Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	981	981
Commercial Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	310	315
Commercial and Industrial [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 309	$ 314

Business Combination and Asse_6

Business Combination and Asset Purchase - Summary of Carrying Amount of Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Apr. 30, 2021
Business Combinations [Abstract]
Fair value adjustment	$ 325	$ 325

Business Combination and Asse_7

Business Combination and Asset Purchase - Summary of Loans Acquired and Contractually Required Payments Receivable (Detail) $ in Thousands	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Total required payments receivable	$ 2,057
Cash flows expected to be collected at acquisition	1,309
Basis in acquired loans at acquisition	1,634
Consumer Real Estate [Member]
Business Acquisition [Line Items]
Total required payments receivable	28
Agricultural Real Estate [Member]
Business Acquisition [Line Items]
Total required payments receivable	1,142
Commercial Real Estate [Member]
Business Acquisition [Line Items]
Total required payments receivable	527
Commercial and Industrial [Member]
Business Acquisition [Line Items]
Total required payments receivable	$ 360

Business Combination and Asse_8

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
Beginning Balance	$ 1,542	$ 1,978	$ 1,653	$ 2,021
Additions	4	1	5	2
Accretion	(107)	(108)	(215)	(214)
Reclassification from nonaccretable difference				62
Disposals			(4)
Ending Balance	1,439	$ 1,871	1,439	$ 1,871
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Additions	762		762
Accretion	(29)		(29)
Ending Balance	$ 733		$ 733

Business Combination and Asse_9

Business Combination and Asset Purchase - Schedule of Pro-forma Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary of Operations
Net Interest Income - Before Provision for Loan Losses	$ 16,229	$ 15,484	$ 32,032	$ 30,478
Provision for Loan Losses	641	1,570	2,342	3,001
Net Interest Income After Provision for Loan Losses	15,588	13,914	29,690	27,477
Noninterest Income	4,069	3,421	9,228	6,549
Noninterest Expense	12,209	11,151	25,130	22,604
Income Before Income Taxes	7,448	6,184	13,788	11,422
Income Taxes	1,543	1,166	2,674	2,166
Net Income	$ 5,905	$ 5,018	$ 11,114	$ 9,256
Basic and Diluted Earnings Per Share	$ 0.52	$ 0.45	$ 0.99	$ 0.83

Business Combination and Ass_10

Business Combination and Asset Purchase - Schedule of Annual Amortization of Core Deposit Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
2021	$ 653	$ 653
2022		700
2023		700
2024		700
2025		700
Finite-Lived Intangible Assets, Net		3,453
Customer Lists [Member]
Business Acquisition [Line Items]
2021	123
Geneva [Member]
Business Acquisition [Line Items]
2021		560
2022		560
2023		560
2024		560
2025		560
Finite-Lived Intangible Assets, Net		2,800
Ossian [Member]
Business Acquisition [Line Items]
2021		93
2022		140
2023		140
2024		140
2025		140
Thereafter		327
Finite-Lived Intangible Assets, Net		$ 980
Adams County Financial Resources | Customer Lists [Member]
Business Acquisition [Line Items]
2021	123
2022	123
2023	123
2024	123
2025	123
Thereafter	169
Finite-Lived Intangible Assets, Net	$ 784

Business Combination and Ass_11

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Parenthetical) (Detail)	Nov. 16, 2020shares
Adams County Financial Resources
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share	40,049

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 406,534	$ 300,602
Gross Unrealized Gains	4,702	7,350
Gross Unrealized Losses	(3,736)	(140)
Fair Value	407,500	307,812
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	63,989
Gross Unrealized Gains	1
Gross Unrealized Losses	(630)
Fair Value	63,360
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	151,203	122,514
Gross Unrealized Gains	1,233	1,857
Gross Unrealized Losses	(1,832)	(130)
Fair Value	150,604	124,241
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	128,312	110,828
Gross Unrealized Gains	1,336	2,228
Gross Unrealized Losses	(1,075)
Fair Value	128,573	113,056
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	63,030	67,260
Gross Unrealized Gains	2,132	3,265
Gross Unrealized Losses	(199)	(10)
Fair Value	$ 64,963	$ 70,515

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Investments pledged, carrying value	$ 78,500	$ 83,200
Other securities	6,419	5,939
Federal Home Loan Bank of Cincinnati and Indianapolis Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	6,100	5,800
Ohio Equity Fund for Housing Limited Partnership [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	$ 348	$ 151
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, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (3,736)	$ (140)
Fair Value, Less Than Twelve Months	244,115	51,893
Gross Unrealized Losses, Total	(3,736)	(140)
Fair Value, Total	244,115	51,893
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(630)
Fair Value, Less Than Twelve Months	53,192
Gross Unrealized Losses, Total	(630)
Fair Value, Total	53,192
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,832)	(130)
Fair Value, Less Than Twelve Months	104,211	48,331
Gross Unrealized Losses, Total	(1,832)	(130)
Fair Value, Total	104,211	48,331
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,075)
Fair Value, Less Than Twelve Months	72,504
Gross Unrealized Losses, Total	(1,075)
Fair Value, Total	72,504
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(199)	(10)
Fair Value, Less Than Twelve Months	14,208	3,562
Gross Unrealized Losses, Total	(199)	(10)
Fair Value, Total	$ 14,208	$ 3,562

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Available For Sale Securities Gross Realized Gain Loss [Abstract]
Gross realized gains	$ 293	$ 270
Net realized gains	293	270
Tax expense related to net realized gains	$ 62	$ 57

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 8,526
Amortized Cost, After one year through five years	100,620
Amortized Cost, After five years through ten years	168,727
Amortized Cost, After ten years	349
Amortized Cost, Total	278,222
Amortized Cost, Mortgage-backed securities	128,312
Amortized Cost	406,534	$ 300,602
Fair Value, One year or less	8,613
Fair Value, After one year through five years	101,848
Fair Value, After five years through ten years	168,106
Fair Value, After ten years	360
Fair Value, Total	278,927
Fair Value, Mortgage-backed securities	128,573
Total, Fair Value	$ 407,500	$ 307,812

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Loans:
Loans - Gross	$ 1,462,920,000	$ 1,305,473,000
Less: Net deferred loan fees and costs	(4,497,000)	(2,483,000)
Loans after net deferred loan fees and costs	1,458,423,000	1,302,990,000	$ 1,344,723,000
Less: Allowance for loan losses	(15,087,000)	(13,672,000)		$ (7,228,000)
Loans - Net	1,443,336,000	1,289,318,000
Consumer Real Estate [Member]
Loans:
Loans - Gross	194,715,000	175,588,000
Loans after net deferred loan fees and costs	194,574,000	175,316,000	173,615,000
Agricultural Real Estate [Member]
Loans:
Loans - Gross	189,742,000	189,159,000
Loans after net deferred loan fees and costs	189,426,000	188,826,000	194,310,000
Agricultural [Member]
Loans:
Loans - Gross	100,756,000	94,358,000
Loans after net deferred loan fees and costs	100,905,000	94,490,000	107,615,000
Commercial Real Estate [Member]
Loans:
Loans - Gross	691,122,000	588,825,000
Loans after net deferred loan fees and costs	689,728,000	587,654,000	588,176,000
Commercial and Industrial [Member]
Loans:
Loans - Gross	216,609,000	189,246,000
Loans after net deferred loan fees and costs	213,707,000	188,286,000
Less: Allowance for loan losses	0
Consumer [Member]
Loans:
Loans - Gross	56,427,000	52,540,000
Loans after net deferred loan fees and costs	56,534,000	52,661,000	$ 50,259,000
Other Loan [Member]
Loans:
Loans - Gross	13,549,000	15,757,000
Loans after net deferred loan fees and costs	$ 13,549,000	$ 15,757,000

Loans - Distribution of Fixed R

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) $ in Thousands	Jun. 30, 2021USD ($)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 136,798
Distribution of variable rate loans by major loan category, Variable Rate	57,917
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	112,034
Distribution of variable rate loans by major loan category, Variable Rate	77,708
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	86,550
Distribution of variable rate loans by major loan category, Variable Rate	14,206
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	553,391
Distribution of variable rate loans by major loan category, Variable Rate	137,731
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	183,955
Distribution of variable rate loans by major loan category, Variable Rate	32,654
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	52,421
Distribution of variable rate loans by major loan category, Variable Rate	4,006
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	13,547
Distribution of variable rate loans by major loan category, Variable Rate	$ 2

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan	$ 36,500,000	$ 38,000,000
Loans	1,462,920,000	1,305,473,000
Allowance for loan losses	15,087,000	13,672,000		$ 7,228,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	216,609,000	$ 189,246,000
Allowance for loan losses	0
Commercial and Industrial [Member] | PPP Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 47,000,000		$ 36,200,000

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, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 1,712	$ 3,727
Current	1,456,711	1,299,263
Loans after net deferred loan fees and costs	1,458,423	1,302,990	$ 1,344,723
Recorded Investment > 90 Days and Accruing		0	0
30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	318	322
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	33	941
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,361	2,464
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	359	1,492
Current	194,215	173,824
Loans after net deferred loan fees and costs	194,574	175,316	173,615
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	85	269
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	25	191
Consumer Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	249	1,032
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	201	88
Current	189,225	188,738
Loans after net deferred loan fees and costs	189,426	188,826	194,310
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	201
Agricultural Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		88
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	117	176
Current	100,788	94,314
Loans after net deferred loan fees and costs	100,905	94,490	107,615
Agricultural [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	117	176
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	181	185
Current	689,547	587,469
Loans after net deferred loan fees and costs	689,728	587,654	588,176
Commercial Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	181	185
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	814	1,733
Current	226,442	202,310
Loans after net deferred loan fees and costs	227,256	204,043	230,748
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		750
Commercial and Industrial [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	814	983
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	40	53
Current	56,494	52,608
Loans after net deferred loan fees and costs	56,534	52,661	$ 50,259
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	32	$ 53
Consumer [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 8

Loans - Recorded Investment in

Loans - Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 7,031	$ 9,404	$ 8,473
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	445	1,546
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	5,010	5,575
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	117	307
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	632	665
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	814	1,296
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 13	$ 15

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail)	9 Months Ended
	Sep. 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

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Portfolio Class (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,458,423	$ 1,302,990	$ 1,344,723
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	189,426	188,826	194,310
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	100,905	94,490	107,615
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	689,728	587,654	$ 588,176
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	213,707	188,286
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	13,549	15,757
1-2 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	11,266	11,960
1-2 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,678	5,093
1-2 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	11,506	11,001
1-2 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	50,321	38,486
3 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	42,763	38,306
3 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	22,980	23,779
3 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	202,360	165,201
3 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	36,000	26,515
3 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,963	4,651
4 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	115,726	112,465
4 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	73,458	63,480
4 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	440,615	396,076
4 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	120,761	114,108
4 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	10,586	11,106
5 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	5,411	7,478
5 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	500	1,577
5 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,193	4,010
5 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,507	3,266
6 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	14,260	18,617
6 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	289	561
6 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	33,054	11,366
6 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,072	4,796
7 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 46	$ 1,115

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, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,458,423	$ 1,302,990	$ 1,344,723
Performing	1,739	148	140
Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,360	3,670
Consumer - Credit [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,353	3,660
Consumer - Credit [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	7	10
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	53,174	48,991
Consumer - Other [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	53,066	48,855
Consumer - Other [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	108	136
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	194,574	175,316	173,615
Performing	63	42	$ 44
Pass [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	192,273	171,667
5 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,236	1,284
6 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,065	$ 2,365

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, 2021	Dec. 31, 2020	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 3,063	$ 5,172	$ 2,695	$ 3,063	$ 2,695	$ 5,172
Impaired loans with a valuation allowance	8,976	9,360	9,872	8,976	9,872	9,360
Total impaired loans	12,039	14,532	12,567	12,039	12,567	14,532
Valuation allowance related to impaired loans	1,156	1,657	1,170	1,156	1,170	1,657
Total non-accrual loans	7,031	9,404	8,473	7,031	8,473	9,404
Total loans past-due ninety days or more and still accruing		0	0		0	0
Average investment in impaired loans	$ 12,206	$ 14,868	$ 8,352	$ 12,836	$ 6,333	$ 10,234

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)	1 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)Loan	May 31, 2020Loan	Jun. 30, 2021USD ($)ContractLoan	Jun. 30, 2020USD ($)Loan	Jun. 30, 2021USD ($)ContractLoan	Jun. 30, 2020USD ($)ContractLoan	Dec. 31, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Additional funds available to be advanced in connection with impaired loans	$ 5,700		$ 5,700		$ 5,700
Impaired loans classified as troubled debt restructured	$ 5,500,000		$ 5,500,000	$ 6,400,000	$ 5,500,000	$ 6,400,000	$ 6,500,000
Number of contracts modified | Loan			1	3		5
TDR impaired loans paid off | Loan	2	1
TDR loans, subsequently defaulted during the period			0	0
Maximum time for re-evaluation (in months)					12 months
Re-evaluation period for real estate					2 years
Unsecured consumer loans, credit card credits and overdraft lines of credit reach					90 days
Delinquent period for charging down consumer loans					90 days
Delinquent period for charging down commercial and agricultural credits					120 days
Foreclosed residential real estate property	$ 198,000		$ 198,000		$ 198,000		71,000
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Litigation and any deficiency charged off period					150 days
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans classified as troubled debt restructured	86,000		$ 86,000	$ 481,000	$ 86,000	$ 481,000
Number of contracts modified | Contract			1		1	2
TDR impaired loans paid off | Loan					1	1
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans classified as troubled debt restructured	480,000		$ 480,000		$ 480,000
TDR impaired loans paid off | Loan					1
TDR impaired loans charged off | Loan					3
TDR impaired loans charged off amount					$ 809,000
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Foreclosed residential real estate property	198,000		198,000	0	198,000	$ 0	71,000
Residential real estate properties foreclosure proceedings	$ 100,000		$ 100,000	$ 854,000	$ 100,000	$ 854,000	$ 910,000
Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract					0

Loans - Impaired Loans Classifi

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)ContractLoan	Jun. 30, 2020USD ($)ContractLoan	Jun. 30, 2021USD ($)Contract	Jun. 30, 2020USD ($)ContractLoan
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Loan	1	3		5
Agricultural 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
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
Commercial Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Contract	1		1	2
Pre-Modification Outstanding Recorded Investment	$ 382		$ 382	$ 981
Post-Modification Outstanding Recorded Investment	$ 382		$ 382	$ 981

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, 2021	Dec. 31, 2020	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Mar. 31, 2020
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Recorded Investment	$ 8,976	$ 9,360	$ 9,872	$ 8,976	$ 9,872	$ 9,360
Related Allowance	1,156	1,657	1,170	1,156	1,170	1,657
Recorded Investment	12,039	14,532	12,567	12,039	12,567	14,532
Average Recorded Investment	12,206	14,868	8,352	12,836	6,333	10,234
With no related allowance recorded, Recorded Investment	3,063	5,172	2,695	3,063	2,695	5,172
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Recorded Investment		202	60		60	202
With a specific allowance recorded, Unpaid Principal Balance		202	60		60	202
Related Allowance		31	16		16	31	$ 16
With a specific allowance recorded, Average Recorded Investment	55		194	117	203	126
With a specific allowance recorded, Interest Income Recognized			1		3
With a specific allowance recorded, Interest Income Recognized Cash Basis			1		1	3
Recorded Investment	770	1,001	847	770	847	1,001	847
Unpaid Principal Balance	823	1,001	847	823	847	1,001	847
Average Recorded Investment	549		818	618	840	864
Interest Income Recognized	1		5	3	11	22
Interest Income Recognized Cash Basis	3		1	7	4	13
With no related allowance recorded, Recorded Investment	770	799	787	770	787	799
With no related allowance recorded, Unpaid Principal Balance	823	799	787	823	787	799
With no related allowance recorded, Average Recorded Investment	494		624	501	637	738
With no related allowance recorded, Interest Income Recognized	1		4	3	8	22
With no related allowance recorded, Interest Income Recognized Cash Basis	3			7	3	10
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Recorded Investment	5,794	5,210	5,469	5,794	5,469	5,210
With a specific allowance recorded, Unpaid Principal Balance	5,794	5,210	5,469	5,794	5,469	5,210
Related Allowance	914	600	438	914	438	600	438
With a specific allowance recorded, Average Recorded Investment	5,556		1,884	5,357	988	3,175
With a specific allowance recorded, Interest Income Recognized			1		3	6
With a specific allowance recorded, Interest Income Recognized Cash Basis						102
Recorded Investment	6,522	6,756	5,990	6,522	5,990	6,756	5,990
Unpaid Principal Balance	6,522	6,759	5,990	6,522	5,990	6,759	5,990
Average Recorded Investment	6,550		2,071	6,619	1,227	3,904
Interest Income Recognized	22		6	44	10	24
Interest Income Recognized Cash Basis						114
With no related allowance recorded, Recorded Investment	728	1,546	521	728	521	1,546
With no related allowance recorded, Unpaid Principal Balance	728	1,549	521	728	521	1,549
With no related allowance recorded, Average Recorded Investment	994		187	1,262	239	729
With no related allowance recorded, Interest Income Recognized	22		5	44	7	18
With no related allowance recorded, Interest Income Recognized Cash Basis						12
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Recorded Investment	117	176	240	117	240	176
With a specific allowance recorded, Unpaid Principal Balance	117	176	240	117	240	176
Related Allowance	117	116	98	117	98	116	98
With a specific allowance recorded, Average Recorded Investment	39		161	127	141	188
With a specific allowance recorded, Interest Income Recognized			9
Recorded Investment	248	467	623	248	623	467	623
Unpaid Principal Balance	348	467	623	348	623	467	623
Average Recorded Investment	223		501	303	504	580
Interest Income Recognized	4		13	6	8	3
Interest Income Recognized Cash Basis						3
With no related allowance recorded, Recorded Investment	131	291	383	131	383	291
With no related allowance recorded, Unpaid Principal Balance	231	291	383	231	383	291
With no related allowance recorded, Average Recorded Investment	184		340	176	363	392
With no related allowance recorded, Interest Income Recognized	4		4	6	8	3
With no related allowance recorded, Interest Income Recognized Cash Basis						3
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Recorded Investment	3,065	2,765	3,072	3,065	3,072	2,765
With a specific allowance recorded, Unpaid Principal Balance	3,065	2,765	3,072	3,065	3,072	2,765
Related Allowance	125	20	58	125	58	20	58
With a specific allowance recorded, Average Recorded Investment	3,087		3,085	2,002	2,061	2,524
With a specific allowance recorded, Interest Income Recognized	27		39	54	78	128
With a specific allowance recorded, Interest Income Recognized Cash Basis	3			3
Recorded Investment	3,246	2,950	3,258	3,246	3,258	2,950	3,258
Unpaid Principal Balance	3,246	2,950	3,258	3,246	3,258	2,950	3,258
Average Recorded Investment	3,567		3,271	3,395	2,266	2,719
Interest Income Recognized	31		39	62	82	141
Interest Income Recognized Cash Basis	6			9
With no related allowance recorded, Recorded Investment	181	185	186	181	186	185
With no related allowance recorded, Unpaid Principal Balance	181	185	186	181	186	185
With no related allowance recorded, Average Recorded Investment	480		186	1,393	205	195
With no related allowance recorded, Interest Income Recognized	4			8	4	13
With no related allowance recorded, Interest Income Recognized Cash Basis	3			6
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Recorded Investment		1,007	1,031		1,031	1,007
With a specific allowance recorded, Unpaid Principal Balance		1,007	1,031		1,031	1,007
Related Allowance		890	560		560	890	560
With a specific allowance recorded, Average Recorded Investment			1,095	335	834	916
With a specific allowance recorded, Interest Income Recognized			11		27	52
Recorded Investment	1,236	3,335	1,822	1,236	1,822	3,335	1,822
Unpaid Principal Balance	1,367	3,335	1,822	1,367	1,822	3,335	1,822
Average Recorded Investment	1,298		1,663	1,881	1,467	2,138
Interest Income Recognized	6		15	23	33	78
Interest Income Recognized Cash Basis	2			3		5
With no related allowance recorded, Recorded Investment	1,236	2,328	791	1,236	791	2,328
With no related allowance recorded, Unpaid Principal Balance	1,367	2,328	791	1,367	791	2,328
With no related allowance recorded, Average Recorded Investment	1,298		568	1,546	633	1,222
With no related allowance recorded, Interest Income Recognized	6		4	23	6	26
With no related allowance recorded, Interest Income Recognized Cash Basis	2			3		5
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With a specific allowance recorded, Average Recorded Investment					10	11
With a specific allowance recorded, Interest Income Recognized						1
Recorded Investment	17	23	27	17	27	23	27
Unpaid Principal Balance	27	23	27	27	27	23	$ 27
Average Recorded Investment	19		28	20	29	27
Interest Income Recognized					1	1
With no related allowance recorded, Recorded Investment	17	23	27	17	27	23
With no related allowance recorded, Unpaid Principal Balance	27	$ 23	27	27	27	23
With no related allowance recorded, Average Recorded Investment	$ 19		$ 28	$ 20	19	$ 16
With no related allowance recorded, 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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2019
Allowance for Loan Losses
Balance at beginning of year			$ 13,672	$ 7,228	$ 7,228
Provision for loan loss	$ 641	$ 1,569	2,341	2,999	6,981
Loans charged off	(38)	(237)	(1,051)	(401)	(720)
Recoveries	59	68	125	107	183
Balance at ending of year	15,087		15,087		13,672
Allowance for Unfunded Loan Commitments & Letters of Credit	1,145		1,145		641
Total Allowance for Credit Losses	$ 16,232	$ 10,538	$ 16,232	$ 10,538	$ 14,313	$ 15,477	$ 9,003	$ 7,707

Loans (ALLL) - Additional Infor

Loans (ALLL) - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretable yield related to acquisition	$ 1,439	$ 1,542	$ 1,653	$ 1,871	$ 1,978	$ 2,021
Geneva in 2019 and Ossian State Bank in 2021 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretable yield related to acquisition	$ 2,200		$ 1,700

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$ 15,477	$ 9,003	$ 14,313	$ 7,707	$ 7,707
Charge Offs	(38)	(237)	(1,051)	(401)	(720)
Recoveries	59	68	125	107	183
Provision (Credit)	641	1,569	2,341	2,999	6,981
Other Non-interest expense related to unfunded	93	135	504	126
Ending Balance	16,232	10,538	16,232	10,538	14,313
Ending balance: individually evaluated for impairment	1,156	1,170	1,156	1,170	1,657
Ending balance: collectively evaluated for impairment	15,076	9,368	15,076	9,368	12,656
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	1,458,423	1,344,723	1,458,423	1,344,723	1,302,990
Ending balance: individually evaluated for impairment	12,039	12,567	12,039	12,567	14,532
Ending balance: collectively evaluated for impairment	1,444,645	1,330,943	1,444,645	1,330,943	1,288,310
Ending balance: loans acquired with deteriorated credit quality	1,739	140	1,739	140	148
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	624	345	633	311	311
Charge Offs				(35)
Recoveries	3	2	6	5
Provision (Credit)	22	223	10	289
Ending Balance	649	570	649	570	633
Ending balance: individually evaluated for impairment		16		16	31
Ending balance: collectively evaluated for impairment	649	554	649	554	602
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	194,574	173,615	194,574	173,615	175,316
Ending balance: individually evaluated for impairment	770	847	770	847	1,001
Ending balance: collectively evaluated for impairment	193,741	172,724	193,741	172,724	174,273
Ending balance: loans acquired with deteriorated credit quality	63	44	63	44	42
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	1,386	327	958	314	314
Provision (Credit)	(169)	486	259	499
Ending Balance	1,217	813	1,217	813	958
Ending balance: individually evaluated for impairment	914	438	914	438	600
Ending balance: collectively evaluated for impairment	303	375	303	375	358
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	189,426	194,310	189,426	194,310	188,826
Ending balance: individually evaluated for impairment	6,522	5,990	6,522	5,990	6,756
Ending balance: collectively evaluated for impairment	181,923	188,320	181,923	188,320	182,070
Ending balance: loans acquired with deteriorated credit quality	981		981
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	616	665	701	691	691
Charge Offs			(142)
Recoveries	6		6
Provision (Credit)	98	371	155	345
Ending Balance	720	1,036	720	1,036	701
Ending balance: individually evaluated for impairment	117	98	117	98	116
Ending balance: collectively evaluated for impairment	603	938	603	938	585
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	100,905	107,615	100,905	107,615	94,490
Ending balance: individually evaluated for impairment	248	623	248	623	467
Ending balance: collectively evaluated for impairment	100,657	106,992	100,657	106,992	94,023
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	7,668	3,873	7,415	3,634	3,634
Charge Offs		(8)		(8)
Recoveries	3	2	5	5
Provision (Credit)	1,160	591	1,411	827
Ending Balance	8,831	4,458	8,831	4,458	7,415
Ending balance: individually evaluated for impairment	125	58	125	58	20
Ending balance: collectively evaluated for impairment	8,706	4,400	8,706	4,400	7,395
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	689,728	588,176	689,728	588,176	587,654
Ending balance: individually evaluated for impairment	3,246	3,258	3,246	3,258	2,950
Ending balance: collectively evaluated for impairment	686,172	584,918	686,172	584,918	584,704
Ending balance: loans acquired with deteriorated credit quality	310		310
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	2,608	2,750	3,346	1,727	1,727
Charge Offs		(165)	(809)	(165)
Recoveries	5	6	10	9
Provision (Credit)	224	(168)	290	852
Ending Balance	2,837	2,423	2,837	2,423	3,346
Ending balance: individually evaluated for impairment		560		560	890
Ending balance: collectively evaluated for impairment	2,837	1,863	2,837	1,863	2,456
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	227,256	230,748	227,256	230,748	204,043
Ending balance: individually evaluated for impairment	1,236	1,822	1,236	1,822	3,335
Ending balance: collectively evaluated for impairment	225,635	228,830	225,635	228,830	200,602
Ending balance: loans acquired with deteriorated credit quality	385	96	385	96	106
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	595	533	606	551	551
Charge Offs	(38)	(64)	(100)	(193)
Recoveries	42	58	98	88
Provision (Credit)	14	34	9	115
Ending Balance	613	561	613	561	606
Ending balance: collectively evaluated for impairment	613	561	613	561	606
Ending balance: loans acquired with deteriorated credit quality	0	0	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	56,534	50,259	56,534	50,259	52,661
Ending balance: individually evaluated for impairment	17	27	17	27	23
Ending balance: collectively evaluated for impairment	56,517	49,159	56,517	49,159	52,638
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	928	40	13
Provision (Credit)	(708)	32	207	72
Ending Balance	220	72	220	72	13
Ending balance: collectively evaluated for impairment	220	72	220	72	13
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	1,052	470	641	479	479
Other Non-interest expense related to unfunded	93	135	504	126
Ending Balance	1,145	605	1,145	605	641
Ending balance: collectively evaluated for impairment	1,145	605	1,145	605	641
Ending balance: loans acquired with deteriorated credit quality	$ 0	$ 0	$ 0	$ 0	$ 0

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	Jun. 04, 2021USD ($)Directorshares	Jun. 05, 2020USD ($)shares
Earnings Per Share [Abstract]
Number of directors received shares | shares	272	176
Number of directors received shares	10
Number of directors received prorated dollar value of shares	4
Compensation annual basis committee award | $	$ 6,000	$ 4,000

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income	$ 4,983	$ 4,909	$ 4,804	$ 4,105	$ 9,892	$ 8,909
Less: distributed earnings allocated to participating securities	(14)		(13)		(29)	(26)
Less: undistributed earnings allocated to participating securities	(23)		(22)		(46)	(40)
Net earnings available to common shareholders	$ 4,946		$ 4,769		$ 9,817	$ 8,843
Weighted average common shares outstanding including participating securities	11,191,043		11,129,341		11,194,011	11,132,105
Less: average unvested restricted shares	(84,125)		(80,062)		(85,353)	(82,397)
Weighted average common shares outstanding	11,106,918		11,049,279		11,108,658	11,049,708
Basic and diluted earnings per share	$ 0.44		$ 0.43		$ 0.88	$ 0.80

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial Assets:
Securities - available-for-sale	$ 407,500	$ 307,812
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	151,119	175,706
Interest-bearing time deposits	18,597	4,653
Securities - available-for-sale	407,500	307,812
Other securities	6,419	5,939
Loans held for sale	8,041	7,740
Loans, net	1,443,336	1,289,318
Interest receivable	6,495	6,188
Financial Liabilities:
Total Deposits	1,854,073	1,596,162
Federal funds purchased and securities sold under agreement to repurchase	29,882	30,239
Federal Home Loan Bank advances	17,868	17,861
Interest payable	379	338
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	151,119	175,706
Interest-bearing time deposits	18,635	4,677
Securities - available-for-sale	407,500	307,812
Other securities	6,419	5,939
Loans held for sale	8,041	7,740
Loans, net	1,402,959	1,261,440
Interest receivable	6,495	6,188
Financial Liabilities:
Total Deposits	1,856,014	1,605,890
Federal funds purchased and securities sold under agreement to repurchase	29,882	30,239
Federal Home Loan Bank advances	17,869	17,872
Interest payable	379	338
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	1,153,765	997,462
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	1,153,807	1,004,608
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	443,863	351,147
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	443,863	351,147
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	256,445	247,553
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	258,344	250,135
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	151,119	175,706
Securities - available-for-sale	63,360
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	18,635	4,677
Securities - available-for-sale	340,192	306,250
Financial Liabilities:
Total Deposits	443,863	351,147
Level 2 [Member] | Non Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	443,863	351,147
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	3,948	1,562
Other securities	6,419	5,939
Loans held for sale	8,041	7,740
Loans, net	1,402,959	1,261,440
Interest receivable	6,495	6,188
Financial Liabilities:
Total Deposits	1,412,151	1,254,743
Federal funds purchased and securities sold under agreement to repurchase	29,882	30,239
Federal Home Loan Bank advances	17,869	17,872
Interest payable	379	338
Level 3 [Member] | Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	1,153,807	1,004,608
Level 3 [Member] | Time Deposits [Member]
Financial Liabilities:
Total Deposits	$ 258,344	$ 250,135

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 407,500	$ 307,812
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	63,360
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	63,360
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	340,192	306,250
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	340,192	306,250
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	3,948	1,562
Level 3 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	3,948	1,562
U.S. Treasury [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	63,360
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	63,360
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	150,604	124,241
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	150,604	124,241
Mortgage-backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	128,573	113,056
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	128,573	113,056
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	64,963	70,515
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	61,015	68,953
State and Local Governments [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	3,948	1,562
State and Local Governments [Member] | Level 3 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 3,948	$ 1,562

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Changes in the Level 3 Fair Value Category of Unobservable Inputs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
State and Local Governments Tax-Exempt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 0	$ 0	$ 0	$ 0
Change in Market Value	(8)		(8)	0
Purchases	2,418		2,418
Payments & Maturities				0
Ending Balance	2,410	0	2,410	0
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,539	1,537	1,562	1,490
Change in Market Value	(1)	13	(24)	60
Payments & Maturities				0
Ending Balance	1,538	1,550	1,538	1,550
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,539	1,537	1,562	1,490
Change in Market Value	(9)	13	(32)	60
Purchases	2,418		2,418
Payments & Maturities	0	0	0	0
Ending Balance	$ 3,948	$ 1,550	$ 3,948	$ 1,550

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 12,039	$ 14,532	$ 12,567
Specific allocation for collateral dependent impaired loans	1,156	1,657	$ 1,170
Collateral Dependent [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Specific allocation for collateral dependent impaired loans	961,300	1,700
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	$ 7,500	$ 7,700

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 407,500	$ 307,812
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	64,963	70,515
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,948	1,562
Level 3 [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 3,948	$ 1,562
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	$ 7,516	$ 7,703
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	fmao:MeasurementInputCollateralBasedPriceMember	fmao:MeasurementInputCollateralBasedPriceMember
Level 3 [Member] | Other Real Estate Owned-Residential [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 137
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	0.34	1.19
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	34.54	0.71
Level 3 [Member] | Minimum [Member] | Other Real Estate Owned-Residential [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	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	1.34	1.19
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	81.41	100
Level 3 [Member] | Maximum [Member] | Other Real Estate Owned-Residential [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	7.32
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	0.86	1.19
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	47.96	17.71
Level 3 [Member] | Weighted Average [Member] | Other Real Estate Owned-Residential [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	7.32

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Impaired Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
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	$ 7,516	$ 7,703
Other Real Estate Owned-Residential [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	137
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	7,516	7,703
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	7,516	$ 7,703
Fair Value on Nonrecurring Basis [Member] | Other Real Estate Owned-Residential [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	137
Fair Value on Nonrecurring Basis [Member] | Other Real Estate Owned-Residential [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	$ 137

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fees And Commissions Income [Abstract]
Federal funds purchased	$ 0	$ 0
Securities sold under agreements to repurchase	$ 29,900,000	$ 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 ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 29,900	$ 30,200
Total	29,882	30,239
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	1,531	1,899
30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total		3,900
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	28,351	24,440
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	29,882	30,239
US Treasury & Agency Securities [Member] | Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,531	1,899
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		3,900
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	$ 28,351	$ 24,440

Proposed Business Combination -

Proposed Business Combination - Additional Information (Detail)	May 04, 2021$ / sharesshares	May 03, 2021USD ($)$ / shares	Jun. 30, 2021USD ($)Officeshares	Jun. 30, 2021USD ($)Officeshares	Dec. 31, 2020USD ($)shares	Mar. 31, 2021USD ($)shares
Business Acquisition [Line Items]
Common stock shares outstanding | shares			12,230,000	12,230,000	12,230,000
Business combination, acquisition related costs			$ 977,500	$ 977,500	$ 42,500
Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs			245,000	245,000	12,500
Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs			179,800	$ 179,800	$ 30,000
Perpetual Federal Savings Bank {Member]
Business Acquisition [Line Items]
Business acquisition, date of acquisition agreement				May 4, 2021
Assets						$ 391,000,000
Loans						326,000,000
Deposits						305,000,000
Tangible equity						$ 79,000,000
Business acquisition, expected closing date	Oct. 1, 2021
Aggregate cash consideration		$ 103,700,000
Stock issuable to PFSB | shares	1,776,000
Cash payment for exchange of each share | $ / shares	$ 41.20
Common stock shares outstanding | shares						2,470,032
Share price | $ / shares		$ 24.22
Business acquisition subjected to adjustment based upon shares issued in merger | shares	1,833,000
Business combination, acquisition related costs			248,100	$ 248,100
Perpetual Federal Savings Bank {Member] | Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs			91,800	91,800
Perpetual Federal Savings Bank {Member] | Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs			$ 156,300	$ 156,300
Perpetual Federal Savings Bank {Member] | Urbana Ohio [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office			1	1

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event $ in Millions	Jul. 30, 2021USD ($)
Subsequent Event [Line Items]
Debt instrument basis points	2.63%
Debt instrument, frequency of periodic payment	semi-annually
Debt instrument, term	5 years
Redemption price of principal amount of notes redeemed	100.00%
Private Placement
Subsequent Event [Line Items]
Subordinated notes	$ 35
Fixed-to-floating interest rate	3.25%
Percentage of notes prices on principal amount	100.00%