Farmers & Merchants Bancorp (FMAO) 10-K 22 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 18, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP, INC.
Entity Central Index Key	0000792966
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
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, Postal Zip Code	43502
City Area Code	419
Local Phone Number	446-2501
Entity Incorporation, State or Country Code	OH
Document Annual Report	true
Document Transition Report	false
ICFR Auditor Attestation Flag	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	OH
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		13,066,283
Entity Public Float			$ 244,146,115
Auditor Name	BKD, LLP
Auditor Location	Fort Wayne, Indiana
Auditor Firm ID	686
Documents Incorporated by Reference	Part III of Form 10-K – Portions of the definitive Proxy Statement for the 2022

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 135,485	$ 98,279
Federal funds sold	45,338	77,427
Total cash and cash equivalents	180,823	175,706
Interest-bearing time deposits	10,913	4,653
Securities - available-for-sale	429,931	307,812
Other securities, at cost	8,162	5,939
Loans held for sale	7,714	7,740
Loans, net	1,841,177	1,289,318
Premises and equipment	26,913	27,063
Goodwill	80,434	47,340
Mortgage servicing rights	3,157	3,320
Other real estate owned	159	71
Bank owned life insurance	27,558	25,208
Other assets	21,359	15,374
Total Assets	2,638,300	1,909,544
Deposits
Noninterest-bearing	473,689	351,147
Interest-bearing
NOW accounts	650,466	542,317
Savings	597,828	455,145
Time	471,479	247,553
Total deposits	2,193,462	1,596,162
Federal funds purchased and securities sold under agreement to repurchase	29,268	30,239
Federal Home Loan Bank (FHLB) advances	24,065	17,861
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	34,471
Dividend payable	2,461	1,889
Accrued expenses and other liabilities	17,406	14,233
Total liabilities	2,341,133	1,660,384
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 14,063,999 shares 12/31/21 and 12,230,000 shares 12/31/20	122,674	81,804
Treasury stock - 997,766 shares 12/31/21, 1,032,456 shares 12/31/20	(11,724)	(11,932)
Retained earnings	189,401	173,591
Accumulated other comprehensive income (loss)	(3,184)	5,697
Total stockholders' equity	297,167	249,160
Total Liabilities and Stockholders' Equity	$ 2,638,300	$ 1,909,544

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 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	14,063,999	12,230,000
Common stock, shares outstanding	14,063,999	12,230,000
Treasury Stock, shares	997,766	1,032,456

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Income
Loans, including fees	$ 71,645	$ 65,317	$ 62,213
Debt securities:
U.S. Treasury and government agencies	3,496	3,369	3,341
Municipalities	1,170	1,079	837
Dividends	174	142	293
Federal funds sold	31	20	416
Other	324	242	1,206
Total interest income	76,840	70,169	68,306
Interest Expense
Deposits	5,418	8,638	12,942
Federal funds purchased and securities sold under agreements to repurchase	649	775	734
Borrowed funds	785	980	1,083
Subordinated notes	490
Total interest expense	7,342	10,393	14,759
Net Interest Income Before Provision for Loan Losses	69,498	59,776	53,547
Provision for Loan Losses	3,444	6,981	1,138
Net Interest Income After Provision for Loan Losses	66,054	52,795	52,409
Noninterest Income
Net gain on sale of loans	3,897	4,022	677
Net gain (loss) on sale of available-for-sale securities	293	270	(26)
Total noninterest income	17,609	16,787	11,820
Noninterest Expense
Salaries and wages	20,184	18,488	16,329
Employee benefits	7,322	5,601	5,558
Net occupancy expense	2,184	2,271	2,317
Furniture and equipment	3,324	3,143	2,775
Data processing	3,501	1,768	2,553
Franchise taxes	1,473	1,346	981
ATM expense	1,846	1,690	1,715
Advertising	1,436	1,332	1,569
Net loss on sale of other assets owned	434	7	81
FDIC assessment	1,073	633	183
Mortgage servicing rights amortization	1,580	1,031	487
Consulting fees	1,634	968	668
Other general and administrative	8,175	6,098	6,251
Total noninterest expense	54,166	44,376	41,467
Income Before Income Taxes	29,497	25,206	22,762
Income Taxes	6,002	5,111	4,360
Net Income	$ 23,495	$ 20,095	$ 18,402
Basic and Diluted Earnings Per Share	$ 2.01	$ 1.80	$ 1.66
Dividends Declared	$ 0.71	$ 0.66	$ 0.61
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 9,671	$ 8,893	$ 6,726
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 3,748	$ 3,602	$ 4,443

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 7,683	$ 5,920	$ 4,983	$ 4,909	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 23,495	$ 20,095	$ 18,402
Other Comprehensive Income (Loss) (Net of Tax):
Net unrealized gain (loss) on available-for-sale securities									(10,948)	6,091	5,179
Reclassification adjustment for realized (gain) loss on sale of available-for-sale securities									(293)	(270)	26
Net unrealized gain (loss) on available-for-sale securities									(11,241)	5,821	5,205
Tax expense (benefit)									(2,360)	1,222	1,093
Other comprehensive income (loss)									(8,881)	4,599	4,112
Comprehensive Income									$ 14,614	$ 24,694	$ 22,514

Consolidated Statements of Chan

Consolidated Statements of Changes to Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2018	$ 143,287	$ 10,823	$ (12,409)	$ 147,887	$ (3,014)
Beginning balance, shares at Dec. 31, 2018		9,285,261
Net income	18,402			18,402
Other comprehensive income (loss)	4,112				4,112
Issuance of common stock in acquisition	70,437	$ 70,437
Issuance of common stock in acquisition, shares		1,830,000
Purchase of treasury stock	(381)		(381)
Purchase of treasury stock, shares		(13,206)
Issuance of restricted stock (Net of forfeitures)	47	$ (813)	334	526
Issuance of restricted stock (Net of forfeitures), Shares		34,880
Stock-based compensation expense	1,088	$ 1,088
Cash dividends declared	(6,734)			(6,734)
Ending balance at Dec. 31, 2019	230,258	$ 81,535	(12,456)	160,081	1,098
Ending balance, shares at Dec. 31, 2019		11,136,935
Net income	20,095			20,095
Other comprehensive income (loss)	4,599				4,599
Issuance of common stock in acquisition	825		500	325
Issuance of common stock in acquisition, shares		40,049
Purchase of treasury stock	(383)		(383)
Purchase of treasury stock, shares		(16,779)
Issuance of restricted stock (Net of forfeitures)	1	$ (755)	383	373
Issuance of restricted stock (Net of forfeitures), Shares		35,207
Stock-based compensation expense	1,024	$ 1,024
Director stock awards	48		24	24
Director stock awards, shares		2,132
Cash dividends declared	(7,307)			(7,307)
Ending balance at Dec. 31, 2020	249,160	$ 81,804	(11,932)	173,591	5,697
Ending balance, shares at Dec. 31, 2020		11,197,544
Net income	23,495			23,495
Other comprehensive income (loss)	(8,881)				(8,881)
Issuance of common stock in acquisition	41,078	$ 41,078
Issuance of common stock in acquisition, shares		1,833,845
Purchase of treasury stock	(338)		(338)
Purchase of treasury stock, shares		(14,611)
Issuance of restricted stock (Net of forfeitures)		$ (1,030)	507	523
Issuance of restricted stock (Net of forfeitures), Shares		46,175
Stock-based compensation expense	822	$ 822
Director stock awards	73		39	34
Director stock awards, shares		3,280
Cash dividends declared	(8,242)			(8,242)
Ending balance at Dec. 31, 2021	$ 297,167	$ 122,674	$ (11,724)	$ 189,401	$ (3,184)
Ending balance, shares at Dec. 31, 2021		13,066,233

Consolidated Statements of Ch_2

Consolidated Statements of Changes to Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Issuance of shares of restricted stock, Shares	48,750	37,382	38,100
Cash dividends declared, per share	$ 0.71	$ 0.66	$ 0.61
Common Stock [Member]
Issuance of shares of restricted stock, Shares	48,750	37,382	38,100
Issuance of shares of restricted stock, forfeitures	2,575	2,175	3,220
Issuance of shares of common stock in acquisition	1,833,845	40,049	1,830,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net income	$ 23,495	$ 20,095	$ 18,402
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	2,610	2,531	2,307
Amortization of premiums on available-for-sale securities, net	2,203	1,289	822
Servicing rights amortization and impairment	1,580	1,031	487
Amortization of core deposit intangible	677	720	727
Amortization of customer list intangible	123	16
Net amortization (accretion) of fair value adjustments	(1,231)	455	(1,379)
Amortization of subordinated note issuance costs	50
Stock-based compensation expense	822	1,024	1,088
Director stock awards	73	48
Deferred income taxes	(1,805)	(1,691)	292
Provision for loan losses	3,444	6,981	1,138
Gain on sale of loans held for sale	(3,897)	(4,022)	(677)
Originations of loans held for sale	(121,172)	(210,029)	(73,562)
Proceeds from sale of loans held for sale	125,095	210,559	68,579
Loss on sale of other assets owned	434	7	81
(Gain) loss on sales of available-for-sale securities	(293)	(270)	26
Increase in cash surrender value of bank owned life insurance	(636)	(359)	(351)
Gain on bank owned life insurance		(430)
Change in other assets and other liabilities, net	3,169	(573)	5,951
Net cash provided by operating activities	34,741	27,382	23,931
Activity in available-for-sale securities:
Maturities, prepayments and calls	56,310	91,003	67,071
Sales	9,292	11,843	11,100
Purchases	(170,629)	(183,563)	(110,166)
Activity in other securities, at cost:
Sales			237
Purchases	(670)	(129)	(21)
Purchase of bank owned life insurance		(10,000)
Proceeds from bank owned life insurance		816
Change in interest-bearing time deposits	20,216	(344)	(290)
Proceeds from redemption of FHLB stock	1,522
Proceeds from sales of other assets owned	457	226	564
Additions to premises and equipment	(1,965)	(3,222)	(3,510)
Loan originations and principal collections, net	(167,867)	(84,354)	(112,212)
Net cash used in investing activities	(265,694)	(177,724)	(149,316)
Cash Flows from Financing Activities
Net change in deposits	170,785	307,648	153,088
Net change in federal funds purchased and securities sold under agreements to repurchase	(971)	(17,834)	15,892
Repayment of FHLB advances	(157)	(7,493)	(23,938)
Proceeds of other borrowings	40,000
Purchase of treasury stock	(338)	(383)	(381)
Proceeds from issuance of subordinated notes	34,421
Cash dividends paid on common stock	(7,670)	(7,186)	(6,345)
Net cash provided by financing activities	236,070	274,752	138,316
Net Increase in Cash and Cash Equivalents	5,117	124,410	12,931
Cash and Cash Equivalents - Beginning of Year	175,706	51,296	38,365
Cash and Cash Equivalents - End of Year	180,823	175,706	51,296
Supplemental cash flow information:
Interest paid	7,048	10,093	13,540
Income taxes paid	6,150	6,473	3,954
Supplemental noncash disclosures:
Transfer of loans to other real estate owned	287	71	287
Cash dividends declared not paid	2,461	1,889	1,768
Limberlost Bancshares, Inc. [Member]
Activity in other securities, at cost:
Acquisition, net of cash received			(2,089)
Supplemental noncash disclosures:
Fair value of assets acquired			336,380
Less: common stock issued			70,437
Cash paid for the capital stock			8,465
Liabilities assumed			$ 257,478
Ossian Financial Services, Inc. [Member]
Activity in other securities, at cost:
Acquisition, net of cash received	228
Supplemental noncash disclosures:
Fair value of assets acquired	137,058
Cash paid for the capital stock	20,001
Liabilities assumed	117,057
Perpetual Federal Savings Bank [Member]
Activity in other securities, at cost:
Acquisition, net of cash received	(12,588)
Supplemental noncash disclosures:
Fair value of assets acquired	420,162
Less: common stock issued	41,078
Cash paid for the capital stock	59,234
Liabilities assumed	$ 319,850
Adams County Financial Resources [Member]
Supplemental noncash disclosures:
Fair value of assets acquired		825
Less: common stock issued		$ 825

Consolidated Statements of Ca_2

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

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Nature of Operations The Farmers & Merchants Bancorp, Inc. (the Company) through its bank subsidiary, The Farmers & Merchants State Bank (the Bank) provides a variety of financial services to individuals and small businesses through its offices in Northwest Ohio and Northeast Indiana. Consolidation Policy The consolidated financial statements include the accounts of Farmers & Merchants Bancorp, Inc. and its wholly-owned subsidiaries, The Farmers & Merchants State Bank (the Bank), a commercial banking institution and Farmers & Merchants Risk Management, Inc. (the Captive), a Captive insurance company. All significant inter-company balances and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of mortgage servicing rights. Actual results could differ from those estimates. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral. The Bank’s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on local economic conditions in the agricultural industry. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. Cash and Cash Equivalents For purposes of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. This includes cash on hand, amounts due from banks, and federal funds sold. Generally, federal funds sold are outstanding for one day periods. Restrictions on Cash and Amounts Due from Banks Effective March 26, 2020, the Bank is no longer required to maintain average balances on hand with the Federal Reserve Bank. The Company and its subsidiaries maintain cash balances with high quality financial institutions. At times such balances may be in excess of the federally insured limits. Securities Debt securities are classified as available-for-sale. Securities available-for-sale are carried at fair value with unrealized gains and losses reported in other comprehensive income (loss). Net realized gains and losses on securities available for sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income (loss). Gains and losses on sales of securities are determined on the specific-identification method. Declines in the fair value of securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The related write-downs are included in earnings as realized losses. Other Securities Other Securities consist of stock in the Federal Home Loan Banks of Cincinnati and Indianapolis (the “FHLBs”), which is held to enable the Bank to conduct business with the entities. The FHLBs sell and purchase their stock at par. The FHLBs stock is carried at cost and held as collateral security for all indebtedness of the Bank to the Federal Home Loan Bank. The FHLBs stock is evaluated for impairment as conditions warrant. Other Securities also include the Bank’s capital contributions to three Ohio Equity Funds for Housing Limited Partnership. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at the amount of unpaid principal, reduced by unearned discounts, unamortized premiums or discounts on purchased loans, and deferred loan fees and costs, as well as, by the allowance for loan losses. Interest income is accrued on a daily basis based on the principal outstanding. Generally, a loan is classified as nonaccrual and the accrual of interest income is generally discontinued when a loan becomes ninety days past due as to principal or interest and these loans are placed on a “cash basis” for purposes of income recognition. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral is sufficient to cover the principal and accrued interest, and the loan is in the process of collection. When a loan is placed on nonaccrual status, all previously accrued and unpaid interest receivable is charged against income. Loan origination and commitment fees and certain direct loan origination costs are deferred and amortized as a net adjustment to the related loan’s yield. The Bank is generally amortizing these costs over the contractual life of such loans. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to income. Loans deemed to be uncollectable and changes in the allowance relating to loans are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans in light of historical experiences, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are subject to revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience adjusted for qualitative factors. The unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and agricultural loans by either the present value of expected future cash flows discounted at the loan's effective interest rate or the fair value of the collateral if the loan is collateral dependent. 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. 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. Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual consumer loans for impairment, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. For more information regarding the actual composition and classification of loans involved in the establishment of the allowance for loan loss, please see Note 4 provided here with the notes to consolidated financial statements. Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized in a valuation allowance by charges to income. S ervicing Assets Servicing assets are recognized as separate assets when rights are acquired through purchase or sale of financial assets. Capitalized servicing rights are amortized into noninterest expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights by predominant characteristics, such as interest rates and terms. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance for an individual stratum, to the extent that fair value is less than the capitalized amount for the stratum. Fees received for servicing loans owned by investors are based on a percentage of the outstanding monthly principal balance of such loans and are included in operating income as loan payments are received. Costs of servicing loans are charged to expense as incurred. Goodwill and Other Intangible Assets Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed for impairment at least annually. If possible impairment is likely, the Bank will utilize the assistance of an independent third party for an appraisal and any such impairment is recognized in the period identified. Periodically, the Bank will have an independent third party assess the possibility of impairment of Goodwill. Such an assessment was performed as of September 30, 2020. The goodwill impairment analysis consisted of a first step goodwill impairment test which was used to identify potential impairment by comparing the fair value of the relevant reporting entity with its carrying value, including goodwill. The analysis was performed under guidance of FASB ASC 350. In quantitative testing completed as of November 30, 2021, the excess fair value of capital was $48.8 million or 14.5% over the carrying value and was over 60% the value of goodwill being carried. Therefore, the Bank concluded it is unlikely impairment of goodwill has occurred from the goodwill established from the Bank’s acquisition of Knisely on December 31, 2007, the acquisition of Bank of Geneva on January 1, 2019, the acquisition of Ossian State Bank on April 30, 2021 and the acquisition of Perpetual Federal Savings Bank on October 1, 2021. Other intangible assets consist of core deposit and customer list intangible assets arising from business acquisitions. They are initially measured at fair value and then are amortized on a straight line method over their estimated useful lives and evaluated for impairment. These assets are included in other assets on the consolidated balance sheets. Off Balance Sheet Instruments In the ordinary course of business, the Bank has entered into commitments to extend credit, including commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Foreclosed Real Estate Foreclosed real estate held for sale is carried at the lower of fair value minus estimated costs to sell, or cost. Costs of holding foreclosed real estate are charged to expense in the current period, except for significant property improvements, which are capitalized. Valuations are periodically performed by management and an allowance is established by a charge to noninterest expense if the carrying value exceeds the fair value minus the estimated costs to sell. Foreclosed real estate is classified as other real estate owned. The net loss from operations of foreclosed real estate held for sale is reported in noninterest expense. At December 31, the Bank’s holding of other real estate owned totaled $159 thousand and $71 thousand for 2021 and 2020 Bank Premises and Equipment Land is carried at cost. Bank premises and equipment are stated at cost less accumulated depreciation. Depreciation is based on the estimated useful lives of the various properties and is computed using straight line and accelerated methods. Costs for maintenance and repairs are charged to operations as incurred. Gains and losses on dispositions are included in current operations. Bank Owned Life Insurance Bank owned life insurance policies are carried at their cash surrender value. The Bank recognizes tax-free income from the periodic increases in the cash surrender value of these policies and from death benefits. Revenue Recognition Accounting Standards Codification 606, “Revenue from Contracts with Customer” (ASC 606) provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue generated from financial instruments, including loans and investment securities, are not included within the scope of ASC 606. The adoption of ASC 606 did not result in a change to the accounting for any of the Company’s revenue streams that are within scope of the amendments. Revenue-generating activities that are within the scope of ASC 606 that are presented as noninterest income in the Company’s consolidated statements of income include: o Customer service fees – these include miscellaneous service fees and transaction-based fees charged for certain services, such as debit card or credit card. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. o Other service charges and fees – these include service fees charged for deposit account maintenance and activity along with transaction-based fees charged for certain services, such as overdraft activities, returned check charges and wire transfers. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. Income Tax The Company’s income tax expense consists of the following components for federal and state: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in tax expense. Based on management’s analysis, the Company did not have any uncertain tax positions as of December 31, 2021 and 2020 Earnings Per Share Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. See Note 12 for additional information. Stock-Based Compensation The fair value of restricted common stock is their fair market value on the date of grant. The fair value of restricted stock is amortized as compensation expense on a straight-line basis over the vesting period of the grants. Compensation expense recognized is included in salaries and wages in the consolidated statements of income. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Treasury Stock Common stock shares repurchased are recorded at market value on date of purchase. Restricted shares when awarded are removed from treasury stock using the weighted average method. Other Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the balance sheet. Such items, along with net income, are components of other comprehensive income (loss). The components of other comprehensive income (loss) and related tax effects are as follows: (In Thousands) 2021 2020 2019 Net unrealized gain (loss) on available-for-sale securities $ (10,948 ) $ 6,091 $ 5,179 Reclassification adjustment for (gain) loss on sale of available-for-sale securities (293 ) (270 ) 26 Net unrealized gain (loss) on available-for-sale securities (11,241 ) 5,821 5,205 Tax expense (benefit) (2,360 ) 1,222 1,093 Other comprehensive income (loss) $ (8,881 ) $ 4,599 $ 4,112 Reclassification Certain amounts in the 2020 and 2019 consolidated financial statements have been reclassified to conform with the 2021 presentation. These reclassifications had no effect on net income. 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 will adopt ASU 2016-13 on January 1, 2023.

Business Combination & Asset Pu

Business Combination & Asset Purchase	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Business Combination & Asset Purchase	Note 2 – Business Combination & Asset Purchase On October 1, 2021, the Company acquired Perpetual Federal Savings Bank, (PFSB), a community bank with one full-service office in Urbana, Ohio. Shareholders of PFSB elected to receive . In 2021, the Company has incurred additional third-party acquisition-related costs of $1.7 million. These expenses are comprised of employee benefits of $131.5 thousand, data processing costs of $444.9 thousand, consulting fees of $636.8 thousand and other general and administrative expense of $488.3 thousand in the Company’s consolidated statement of income for the year ended December 31, 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 $100.3 million, $668 thousand has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $25.2 million, resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Perpetual Federal Savings Bank. Of that total amount, none of the purchase price is deductible for tax purposes. The following table summarizes the consideration paid for Perpetual Federal Savings Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 59,234 Common Shares (1,833,845 shares) 41,078 Total $ 100,312 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 44,975 Federal funds sold 1,672 Interest-bearing time deposits 6,250 Other securities, at cost 2,794 Loans, net 334,661 Premises and equipment 615 Goodwill 25,220 Other assets 3,975 Total Assets Purchased $ 420,162 Liabilities Deposits Noninterest bearing $ 2,018 Interest bearing 309,090 Total deposits 311,108 Federal Home Loan Bank (FHLB) advances 6,218 Accrued expenses and other liabilities 2,524 Total Liabilities Assumed $ 319,850 The fair value of the assets acquired includes loans with a fair value of $334.7 million. The gross principal and contractual interest due under the contracts is $403.3 million, of which $5.6 million is expected to be uncollectible. The loans have a weighted average life of 52 months. The fair value of building and land included in premises and equipment was written down by $4 thousand with $297 thousand attributable to the buildings and is being amortized over the useful life of 16.2 years. The fair value for certificates of deposit incorporates a valuation amount of $3.9 million which is being accreted over 1.6 years. The fair value of Federal Home Loan Bank (FHLB) advances included a valuation amount of $218 thousand which is being accreted over 2.6 years. The Company acquired loans in the acquisition that had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. Loans purchased with evidence of credit deterioration since origination and for which it was probable that all contractually required payments would not be collected were considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date included information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans were 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 included estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans was 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 incorporated 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 December 31, 2021. The amounts of loans at October 1, 2021 and December 31, 2021 are as follows: 2021 (In Thousands) Balance - October 1, 2021 Consumer Real Estate $ 608 Agricultural Real Estate 118 Commercial Real Estate 234 Consumer 5 Carrying amount, net of fair value adjustment of $237 $ 728 Balance - December 31, 2021 Consumer Real Estate $ 581 Agricultural Real Estate 114 Commercial Real Estate 5 Consumer - Carrying amount, net of fair value adjustment of $190 $ 510 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 $ 962 Agricultural Real Estate 146 Commercial Real Estate 293 Consumer 6 Total required payments receivable $ 1,407 Cash flows expected to be collected at acquisition $ 728 Basis in acquired loans at acquisition $ 965 During the fourth quarter 2021, two commercial real estate and one consumer purchased credit impaired loans were paid off in full. The associated discount originally recognized at acquisition of $47.4 thousand was included in the loan interest income in the Company’s consolidated statement of income for the year ended December 31, 2021. The balance of the fair value adjustment for loans acquired and accounted for under this guidance (ASC 310-30) was $189.8 thousand at December 31, 2021 and $237.2 thousand at October 1, 2021. Changes in accretable yield, or income expected to be collected, are as follows: 2021 (In Thousands) Beginning Balance $ - Additions 5,592 Accretion (330 ) Reclassification from nonaccretable difference - Disposals - Ending Balance $ 5,262 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 $2.2 million. These expenses are comprised of employee benefits of $694.1 thousand, data processing costs of $938.9 thousand, consulting fees of $255.2 thousand, ATM expense of $13.8 thousand and other general and administrative expense of $255.0 thousand in the Company’s consolidated statement of income for the year ended December 31, 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 is being amortized over seven years on a straight line basis. Goodwill of $7.9 million which resulted from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Ossian State Bank and is deductible for tax purposes over 15 years. The following table summarizes the consideration paid for Ossian State Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 20,001 Total $ 20,001 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 20,229 Interest-bearing time deposits 20,226 Securities - available-for-sale 30,243 Other securities, at cost 281 Loans, net 52,403 Premises and equipment 494 Goodwill 7,874 Other assets 5,308 Total Assets Purchased $ 137,058 Liabilities Deposits Noninterest bearing $ 34,509 Interest bearing 81,535 Total deposits 116,044 Accrued expenses and other liabilities 1,013 Total Liabilities Assumed $ 117,057 The fair value of the assets acquired includes loans with a fair value of $52.4 million. The gross principal and contractual interest due under the contracts is $63.7 million, of which $1.1 million is expected to be uncollectible. The loans have a weighted average life of 52 months. The fair value of building and land included in premises and equipment was written down by $596 thousand with $244 thousand attributable to the buildings and is being accreted over the useful life of 39 years. The fair value for certificates of deposit incorporates a valuation amount of $59 thousand which is being accreted over 1.4 years. The Company acquired loans in the acquisition that had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. Loans purchased with evidence of credit deterioration since origination and for which it was probable that all contractually required payments would not be collected were considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date included information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans were 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 included estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans was 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 incorporated 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 December 31, 2021. The amounts of loans at April 30, 2021 and December 31, 2021 are as follows: 2021 (In Thousands) Balance - April 30, 2021 Consumer Real Estate $ 24 Agricultural Real Estate 981 Commercial Real Estate 315 Commercial and Industrial 314 Carrying amount, net of fair value adjustment of $325 $ 1,309 Balance - December 31, 2021 Consumer Real Estate $ 22 Agricultural Real Estate - Commercial Real Estate 222 Commercial and Industrial 285 Carrying amount, net of fair value adjustment of $321 $ 208 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 and 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 During the third quarter 2021, two agricultural real purchased credit impaired loans were paid off in full. The associated discount originally recognized at acquisition of $4.2 thousand was included in the loan interest income in the Company’s consolidated statement of income for the year ended December 31, 2021. The balance of the fair value adjustment for loans acquired and accounted for under this guidance (ASC 310-30) was $320.6 thousand at December 31, 2021 and $324.8 thousand at April 30, 2021. Changes in accretable yield, or income expected to be collected, are as follows: 2021 (In Thousands) Beginning Balance $ - Additions 762 Accretion (117 ) Reclassification from nonaccretable difference - Disposals - Ending Balance $ 645 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. In 2018, the Company incurred $742.1 thousand of third-party acquisition-related costs. The largest portion of the expenses recognized in 2018 related to consulting fees of $340 thousand, other general and administration expenses of $331.5 thousand and data processing expenses of $58.6 thousand. These three categories of expense accounted for 98.4% of the total acquisition expenses impacting the 2018 financial statements of the Company. In 2019, the Company has incurred additional third-party acquisition-related costs of $1.28 million. These expenses are comprised of data processing of $867.6 thousand, employee benefits of $163.0 thousand, ATM expense of $31.4 thousand, consulting fees of $19.3 thousand and other general and administrative expense of $199.8 thousand in the Company’s consolidated statement of income for the year ended December 31, 2019. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $78.9 million, $3.9 million has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $43.3 million resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Bank of Geneva. Of that total amount, none of the purchase price is deductible for tax purposes. The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 8,465 Common Shares (1,830,000 shares) 70,437 Total $ 78,902 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 6,376 Securities - available-for-sale 17,494 Other securities, at cost 2,347 Loans, net 257,183 Premises and equipment 2,538 Goodwill 43,266 Other assets 7,176 Total Assets Purchased $ 336,380 Liabilities Deposits Noninterest bearing $ 37,822 Interest bearing 168,312 Total deposits 206,134 Federal Home Loan Bank (FHLB) advances 48,196 Accrued expenses and other liabilities 3,148 Total Liabilities Assumed $ 257,478 The fair value of the assets acquired included loans with a fair value of $257.2 million. The gross principal and contractual interest due under the contracts were $359.2 million, of which $4.7 million was expected to be uncollectible. The loans had a weighted average life of 70 months. The fair value of building and land included in premises and equipment was written down by $1.2 million and is being amortized based on the remaining life of each building. The combined average remaining life was 16.75 years. The fair value for certificates of deposit incorporated a valuation amount of $0.5 million which was amortized over 1.5 years. The fair value of Federal Home Loan Bank (FHLB) advances included a valuation amount of $1.3 million which is being amortized over 2.3 years. The Company acquired loans in the acquisition that had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. Loans purchased with evidence of credit deterioration since origination and for which it was probable that all contractually required payments would not be collected were considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date included information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans were 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 included estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans was 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 incorporated 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 December 31, 2020. The amounts of loans at January 1, 2019, December 31, 2019 and December 31, 2020 are as follows: 2019 (In Thousands) Balance - January 1, 2019 Commercial $ 4,094 Consumer RE 231 Consumer 71 Carrying amount, net of fair value adjustment of $2,118 $ 2,278 Balance - December 31, 2019 Commercial $ 106 Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $62 $ 44 2020 (In Thousands) Balance - December 31, 2020 Commercial $ - Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $0 $ - Loans acquired during 2019 for which it was probable at acquisition that all contractually required payments would not be collected are as follows: (In Thousands) Contractually required payments receivable at acquisition Commercial $ 4,215 Consumer RE 261 Consumer 94 Total required payments receivable $ 4,570 Cash flows expected to be collected at acquisition $ 2,788 Basis in acquired loans at acquisition $ 4,396 During the second quarter 2019, two commercial purchased credit-impaired loans were paid off in full after the customer was able to secure financing at another financial institution. The associated discount originally recognized at acquisition of $1.985 million was included in loan interest income in the Company’s consolidated statement of income for the year ended December 31, 2019. The balance of the fair value adjustment for loans acquired and accounted for under this guidance (ASC 310-30) was $0 at December 31, 2020, $62 thousand at December 31, 2019, and $2.118 million on January 1, 2019. Changes in accretable yield, or income expected to be collected, are as follows: 2021 2020 (In Thousands) (In Thousands) Beginning Balance $ 1,653 $ 2,021 Additions 17 3 Accretion (431 ) (427 ) Reclassification from nonaccretable difference - 62 Disposals (41 ) (6 ) Ending Balance $ 1,198 $ 1,653 The results of operations of Bank of Geneva, Ossian State Bank and Perpetual Federal Savings Bank have been included in the Company’s consolidated financial statements since the acquisition dates of January 1, 2019, April 30, 2021 and October 1, 2021, respectively. The following schedule includes pro-forma results for the years ended December 31, 2021, 2020 and 2019 as if all three acquisitions had occurred as of the beginning of the comparable prior reporting periods. 2021 2020 2019 Summary of Operations Net Interest Income - Before Provision for Loan Losses $ 78,064 $ 74,378 $ 70,313 Provision for Loan Losses 3,445 6,893 1,400 Net Interest Income After Provision for Loan Losses 74,619 67,485 68,913 Noninterest Income 18,548 17,282 12,350 Noninterest Expense 54,540 51,890 48,686 Income Before Income Taxes 38,627 32,877 32,577 Income Taxes 7,712 6,475 6,696 Net Income $ 30,915 $ 26,402 $ 25,881 Basic and Diluted Earnings Per Share $ 2.65 $ 2.28 $ 2.24 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 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. As mentioned previously, the acquisition of Bank of Geneva resulted in the recognition of $3.9 million in core deposit intangible assets, the acquisition of Ossian State Bank resulted in the recognition of $980.2 thousand in core deposits assets and the acquisition of Perpetual Federal Savings Bank resulted in the recognition of $668 thousand in core deposits which are all being amortized over its remaining economic useful life of 7 years on a straight line basis. Core deposit intangible is included in other assets on the consolidated balance sheets. The amortization expense for the years ended December 31, 2021, 2020 and 2019 Future amortization expense of core deposit intangible assets is as follows: Geneva Ossian Perpetual Total (In thousands) 2022 $ 560 $ 140 $ 95 $ 795 2023 560 140 95 795 2024 560 140 95 795 2025 560 140 95 795 2026 - 140 95 235 Thereafter - 187 169 356 Total $ 2,240 $ 887 $ 644 $ 3,771 [Remainder of this page intentionally left blank.] On November 16, 2020, FM Investment Services, a division of the Bank, purchased the assets and clients of Adams County Financial Resources (ACFR), a full-service registered investment advisory firm located in Geneva, Indiana. ACFR was founded in 1994 by R. Lee Flueckiger and provides clients and their families with financial confidence through personalized investment planning and services. As of November 30, 2020, ACFR had approximately $83 million of assets under management and over 450 clients. Total consideration for the purchase was $825 thousand which consisted of 40,049 shares of stock. Under the acquisition method of accounting, the total purchase is allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $825 thousand, $800 thousand has been allocated to customer list intangible, included in other assets, to be amortized over 6.5 years on a straight line basis. The 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 and liabilities assumed Assets Premises and equipment $ 25 Customer list intangible 800 Total Assets Purchased $ 825 The customer list intangible amortization expense for the years ended December 31, 2021 and 2020 was $123 and $16 thousand, respectively. Future amortization expense of customer list intangible is as follows: (In thousands) 2022 $ 123 2023 123 2024 123 2025 123 2026 123 Thereafter 47 Total $ 662

Securities

Securities	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Securities	Note 3 – Securities The amortized cost and fair value of securities, with gross unrealized gains and losses, follows: (In Thousands) 2021 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 90,775 $ - $ (1,598 ) $ 89,177 U.S. Government agencies 159,673 695 (3,482 ) 156,886 Mortgage-backed securities 118,550 839 (1,462 ) 117,927 State and local governments 64,964 1,498 (521 ) 65,941 Total available-for-sale securities $ 433,962 $ 3,032 $ (7,063 ) $ 429,931 (In Thousands) 2020 Gross Gross Fair Amortized Unrealized Unrealized Market 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 Bank 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 other than temporarily impaired. 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 Bank currently does not hold any securities with other than temporary impairment. Information pertaining to securities with gross unrealized losses at December 31, 2021 and 2020 2021 (In Thousands) (In Thousands) Less Than Twelve Months Twelve Months & Over Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value U.S. Treasury $ (1,598 ) $ 89,177 $ - $ - U.S. Government agencies (1,898 ) 86,739 (1,584 ) 41,738 Mortgage-backed securities (1,050 ) 63,157 (412 ) 16,434 State and local governments (296 ) 17,727 (225 ) 5,487 Total available-for-sales securities $ (4,842 ) $ 256,800 $ (2,221 ) $ 63,659 2020 (In Thousands) (In Thousands) Less Than Twelve Months Twelve Months & Over Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value U.S. Treasury $ - $ - $ - $ - U.S. Government agencies (130 ) 48,331 - - Mortgage-backed securities - - - - State and local governments (10 ) 3,562 - - Total available-for-sales securities $ (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 rate changes, 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. Sales of $9.3, $11.8, and $11.1 million for 2021, 2020, and 2019 (In Thousands) 2021 2020 2019 Gross realized gains $ 293 $ 270 $ 16 Gross realized losses - - (42 ) Net realized gains (losses) $ 293 $ 270 $ (26 ) Tax expense (benefit) related to net realized gains (losses) $ 62 $ 57 $ (5 ) The net realized gain (loss) on sales and related tax expense (benefit) is a reclassification out of accumulated other comprehensive income (loss). The net realized gain (loss) is included in net gain (loss) on sale of securities available-for-sale and the related tax expense (benefit) is included in income taxes in the consolidated statements of income. The amortized cost and fair value of debt securities at December 31, 2021 (In Thousands) Amortized Cost Fair Value One year or less $ 9,413 $ 9,458 After one year through five years 149,169 148,405 After five years through ten years 156,830 154,141 After ten years - - Total $ 315,412 $ 312,004 Mortgage-backed securities 118,550 117,927 Total $ 433,962 $ 429,931 Investments with a carrying value and fair value of $115.0 million at December 31, 2021 December 31, 2020

Loans

Loans	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Loans	Note 4 - Loans The Company had $7.7 million in loans held for sale at December 31, 2021 December 31, 2020. Loans (In Thousands) Loans: 2021 2020 Consumer Real Estate $ 395,873 $ 175,588 Agricultural Real Estate 198,343 189,159 Agricultural 118,368 94,358 Commercial Real Estate 848,477 588,825 Commercial and Industrial 208,270 189,246 Consumer 57,737 52,540 Other 32,089 15,757 $ 1,859,157 $ 1,305,473 Less: Net deferred loan fees and costs (1,738 ) (2,483 ) 1,857,419 1,302,990 Less: Allowance for loan losses (16,242 ) (13,672 ) Loans - Net $ 1,841,177 $ 1,289,318 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 $2.9 million and $36.2 million, respectively of Paycheck Protection Program (PPP) loans, administered by the Small Business Administration (SBA). The PPP provided loans to eligible business 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 other factors. 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 following is a maturity schedule by major category of loans excluding fair value adjustments at December 31, 2021: (In Thousands) After One Within Year Within After One Year Five Years Five Years Total Consumer Real Estate $ 8,878 $ 35,921 $ 355,631 $ 400,430 Agricultural Real Estate 5,279 5,020 188,486 198,785 Agricultural 66,872 35,126 16,399 118,397 Commercial Real Estate 39,430 308,165 501,086 848,681 Commercial and Industrial 71,042 87,047 50,951 209,040 Consumer 3,202 39,746 14,840 57,788 Other 247 1,631 30,224 32,102 $ 194,950 $ 512,656 $ 1,157,617 $ 1,865,223 The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of December 31, 2021 (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 327,529 $ 68,344 Agricultural Real Estate 127,918 70,425 Agricultural 104,269 14,099 Commercial Real Estate 712,755 135,722 Commercial and Industrial 174,633 33,637 Consumer 52,664 5,073 Other 22,102 9,987 Other loans are included in the commercial and industrial category for the remainder of the tables in this Note 4, unless specifically noted separately. The following table represents the contractual aging of the recorded investment in past due loans by portfolio classification of loans as of December 31, 2021 and 2020, December 31, 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 $ 228 $ - $ 246 $ 474 $ 395,331 $ 395,805 $ - Agricultural Real Estate 436 - - 436 197,597 198,033 - Agricultural - - - - 118,504 118,504 - Commercial Real Estate - - 180 180 846,930 847,110 - Commercial and Industrial 21 131 149 301 239,837 240,138 - Consumer 64 - - 64 57,765 57,829 - Total $ 749 $ 131 $ 575 $ 1,455 $ 1,855,964 $ 1,857,419 $ - 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 portfolio class of loans as of December 31, 2021 and December 31, 2020 (In Thousands) 2021 2020 Consumer Real Estate $ 824 $ 1,546 Agricultural Real Estate 6,477 5,575 Agriculture 20 307 Commercial Real Estate 600 665 Commercial and Industrial 149 1,296 Consumer 6 15 Total $ 8,076 $ 9,404 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 R MA ratios). Financial statements indicate a sound earnings and financial ratio trend for several years with satisfactory profit margins and excellent liquidity exhibited. Prime credits may also be borrowers with loans fully secured by highly liquid collateral such as traded stocks, bonds, certificates of deposit, savings account, etc. No credit or collateral exceptions exist, and the loan adheres to The Bank's loan policy in every respect. Financing alternatives would be readily available and would qualify for unsecured credit. This rate is summarized by high liquidity, minimum risk, strong ratios, and low handling costs. 3. Two (2) Good. Desirable loans of somewhat less stature than rate 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets and a history of profitability. Probability of serious financial deterioration is unlikely. Possessing a sound repayment source (and a secondary source), which would allow repayment in a reasonable period of time. Individual loans backed by liquid personal assets, established history and unquestionable character. 4. Three (3) Satisfactory. Satisfactory loans of average or slightly above average risk – having some deficiency or vulnerability to changing economic conditions, but still fully collectible. Projects should normally demonstrate acceptable debt service coverage. There may be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment. Loans may be rated 3 when there is no recent information on which to base a current risk evaluation and the following conditions apply: At inception, the loan was properly underwritten and did not possess an unwarranted level of credit risk; a. At inception, the loan was secured with collateral possessing a loan-to-value adequate to protect The Bank from loss; b. The loan exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance; c. During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the business is in an industry which is known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk rating is warranted. 5. Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk rating may be established for a loan considered satisfactory but which is of average credit risk due to financial weakness or uncertainty. The loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in Satisfactory/Monitored classification is considered acceptable and within normal underwriting guidelines, so long as the loan is given management supervision. 6. Five (5) Special Mention. Loans that possess some credit deficiency or potential weakness which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. The key distinctions of a 5 (Special Mention) classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential” versus “defined” impairments to the primary source of loan repayment and collateral. 7. Six (6) Substandard. One or more of the following characteristics may be exhibited in loans classified substandard: a. Loans which possess a defined credit weakness and the likelihood that a loan will be paid from the primary source are uncertain. Financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss. b. Loans are inadequately protected by the current net worth and paying capacity of the borrower. c. The primary source of repayment is weakened, and The Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees. d. Loans are characterized by the distinct possibility that The Bank will sustain some loss if deficiencies are not corrected. e. Unusual courses of action are needed to maintain a high probability of repayment. f. The borrower is not generating enough cash flow to repay loan principal; however, continues to make interest payments. g. The lender is forced into a subordinate position or unsecured collateral position due to flaws in documentation. h. Loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms. i. The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan j. There is significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions. 8. Seven (7) Doubtful. One or more of the following characteristics may be exhibited in loans classified Doubtful: a. Loans have all of the weaknesses of those classified as Substandard. Additionally, however, these weaknesses make collection or liquidation in full based on existing conditions improbable. b. The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. c. The possibility of loss is high, but, because of certain important pending factors which may strengthen the loan, loss classification is deferred until its exact status is known. A Doubtful classification is established deferring the realization of the loss. 9. Eight (8) Loss. Loans are considered uncollectable and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. The following table represents the risk category of loans by portfolio class, net of deferred fees, based on the most recent analysis performed as of the time periods shown of December 31, 2021 and December 31, 2020. (In Thousands) Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Other 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 1-2 $ 8,720 $ 11,960 $ 4,178 $ 5,093 $ 10,894 $ 11,001 $ 4,604 $ 38,486 $ - $ - 3 42,180 38,306 38,623 23,779 238,132 165,201 46,547 26,515 11,408 4,651 4 129,301 112,465 75,164 63,480 568,038 396,076 152,736 114,108 20,681 11,106 5 4,599 7,478 227 1,577 14,509 4,010 986 3,266 - - 6 13,233 18,617 312 561 15,537 11,366 3,176 4,796 - - 7 - - - - - - - 1,115 - - 8 - - - - - - - - - - Total $ 198,033 $ 188,826 $ 118,504 $ 94,490 $ 847,110 $ 587,654 $ 208,049 $ 188,286 $ 32,089 $ 15,757 For consumer residential real estate, the Company also evaluates credit quality based on the aging status of the loan, which was previously stated, and by payment activity. The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of December 31, 2021 and December 31, 2020. (In Thousands) Consumer Real Estate 2021 2020 Grade Pass $ 392,940 $ 171,667 Special mention (5) 1,673 1,284 Substandard (6) 1,192 2,365 Doubtful (7) - - Total $ 395,805 $ 175,316 (In Thousands) Consumer - Credit Card Consumer - Other 2021 2020 2021 2020 Performing $ 3,906 $ 3,660 $ 53,820 $ 48,855 Nonperforming 13 10 90 136 Total $ 3,919 $ 3,670 $ 53,910 $ 48,991 Information about impaired loans as of and for the years ended December 31, 2021 and 2020 (In Thousands) 2021 2020 Impaired loans without a valuation allowance $ 1,228 $ 5,172 Impaired loans with a valuation allowance 10,711 9,360 Total impaired loans $ 11,939 $ 14,532 Valuation allowance related to impaired loans $ 2,184 $ 1,657 Total nonaccrual loans $ 8,076 $ 9,404 Total loans past-due ninety days or more and still accruing $ - $ - (In Thousands) 2021 2020 2019 Average investment in impaired loans $ 12,247 $ 10,232 $ 2,649 Interest income recognized on impaired loans $ 292 $ 269 $ 118 Interest income recognized on a cash basis on impaired loans $ 188 $ 135 $ 9 There were no additional funds committed to be advanced in connection with impaired loans. The Bank had approximately $7.6 million and $6.5 million of its impaired loans classified as troubled debt restructured as of December 31, 2021 and December 31, 2020. [Remainder of this page intentionally left blank.] 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 2021, there were three new loans considered TDR. One loan resulted in payment changes from a monthly payment to monthly interest only payments. One loan was considered TDR as a result of being in a deficiency balance upon sale of property. The loan is set for a 3 year term and a 10 year amortization. The ALLL includes a $825 thousand specific allocation on the principal balance of this loan as of December 31, 2021. The last loan was rewritten to improve collateral position. Capitalized interest, late charges and prepayment penalties were charged off immediately. The ALLL includes a $313 thousand specific allocation for this loan as of December 31, 2021. Two loans previously reported as TDR were paid off in June 2021 and three loans previously reported as TDR were fully charged off in March 2021. In 2020, two of the loans resulted in payment changes from a monthly payment to principal and interest at maturity. Four loans had rate concessions. All interest was paid current at the time of the modifications. One of the 2020 loans was paid off in May 2020. The following table represents the years ended December 31, 2021 and 2020. December 31, 2021 December 31, 2020 (In thousands) (In thousands) Troubled Debt Restructurings Number of Contracts Modified in the Last 12 Months Pre- Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings Number of Contracts Modified in the Last 12 Months Pre- Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Agricultural Real Estate 1 $ 1,655 $ 1,655 Agricultural Real Estate 2 $ 5,380 $ 5,380 Agricultural - - - Agricultural 1 164 164 Commercial Real Estate 1 382 382 Commercial Real Estate 2 981 981 Commercial and Industrial 1 1,000 1,000 Commercial and Industrial 1 50 50 For the years ended December 31, 2021 and 2020, For the Bank’s impaired TDR loans, the Bank may utilize a measurement incorporating the present value of expected future cash flows discounted at the loan's effective rate of interest or the fair value of collateral if the loan is collateral dependent. To determine the 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 and heavily relied upon. 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 down in whole or in part is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 120 days delinquent, secured consumer loans are charged down to the value of the collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. Commercial and agricultural credits are charged down at 120 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-off may be realized as further unsecured positions are recognized. The following tables present loans individually evaluated for impairment by portfolio class of loans as of December 31, 2021 and 2020: (In Thousands) 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 604 $ 604 $ - $ 456 $ 5 $ 15 Agricultural Real Estate 423 423 - 1,000 33 - Agricultural - - - 143 18 3 Commercial Real Estate 180 180 - 1,445 70 9 Commercial and Industrial 21 21 - 920 24 158 Consumer - - - 17 - - With a specific allowance recorded: Consumer Real Estate - - - 59 - - Agricultural Real Estate 6,302 6,406 691 5,414 54 - Agricultural 20 20 1 94 - - Commercial Real Estate 3,381 3,381 664 2,199 70 3 Commercial and Industrial 982 982 825 498 17 - Consumer 26 26 3 2 1 - Totals: Consumer Real Estate $ 604 $ 604 $ - $ 515 $ 5 $ 15 Agricultural Real Estate $ 6,725 $ 6,829 $ 691 $ 6,414 $ 87 $ - Agricultural $ 20 $ 20 $ 1 $ 237 $ 18 $ 3 Commercial Real Estate $ 3,561 $ 3,561 $ 664 $ 3,644 $ 140 $ 12 Commercial and Industrial $ 1,003 $ 1,003 $ 825 $ 1,418 $ 41 $ 158 Consumer $ 26 $ 26 $ 3 $ 19 $ 1 $ - (In Thousands) 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income 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 $ - As of December 31, 2021 the Company had $159 thousand of foreclosed residential real estate property obtained by physical possession and $255 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions. This compares to the Company having $71 thousand of foreclosed residential real estate property obtained by physical possession and $910 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions as of December 31, 2020. The 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. The following is an analysis of the allowance for credit losses for the years ended December 31: (In Thousands) 2021 2020 2019 Allowance for Loan Losses Balance at beginning of year $ 13,672 $ 7,228 $ 6,775 Provision for loan loss 3,444 6,981 1,138 Loans charged off (1,332 ) (720 ) (841 ) Recoveries 458 183 156 Balance at ending of year $ 16,242 $ 13,672 $ 7,228 Allowance for Unfunded Loan Commitments & Letters of Credit $ 1,041 $ 641 $ 479 Total Allowance for Credit Losses $ 17,283 $ 14,313 $ 7,707 The Company segregates its Allowance for Loan and Lease Losses (ALLL) into two reserves: The ALLL and the Allowance for Unfunded Loan Commitments and Letters of Credit (AULC). When combined, these reserves constitute the total Allowance for Credit Losses (ACL). The AULC is reported within other liabilities on the balance sheet while the ALLL is netted within the loans on the consolidated balance sheet. The ACL presented above represents the full amount of reserves available to absorb possible credit losses. The following table breaks down the activity within ALLL for each loan portfolio segment and shows the contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs. [Remainder of this page intentionally left blank.] Additional analysis related to the allowance for credit losses as of December 31, 2021 and 2020 (In Thousands) 2021 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: Beginning balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Charge Offs (19 ) (105 ) (143 ) - (814 ) (251 ) - - (1,332 ) Recoveries 13 - 14 10 257 164 - - 458 Provision 230 187 137 1,705 1,058 106 - 21 3,444 Other Non-interest expense related to unfunded - - - - - - 400 - 400 Ending Balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Ending balance: individually evaluated for impairment $ - $ 691 $ 1 $ 664 $ 825 $ 3 $ - $ - $ 2,184 Ending balance: collectively evaluated for impairment $ 857 $ 349 $ 708 $ 8,466 $ 3,022 $ 622 $ 1,041 $ 34 $ 15,099 Ending balance: loans acquired with deteriorated credit quality $ 37 $ - $ - $ - $ - $ - $ - $ - $ 37 FINANCING RECEIVABLES: Ending balance $ 395,805 $ 198,033 $ 118,504 $ 847,110 $ 240,138 $ 57,829 $ - $ - $ 1,857,419 Ending balance: individually evaluated for impairment $ 604 $ 6,725 $ 20 $ 3,561 $ 1,003 $ 26 $ - $ - $ 11,939 Ending balance: collectively evaluated for impairment $ 394,489 $ 191,107 $ 118,484 $ 843,299 $ 238,849 $ 57,803 $ - $ - $ 1,844,031 Ending balance: loans acquired with deteriorated credit quality $ 712 $ 201 $ - $ 250 $ 286 $ - $ - $ - $ 1,449 (In Thousands) 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: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - (8 ) (297 ) (380 ) - - (720 ) Recoveries 9 - - 10 24 140 - - 183 Provision (Credit) 348 644 10 3,779 1,892 295 - 13 6,981 Other Non-interest expense related to unfunded - - - - - - 162 - 162 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

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 5 – Premises and Equipment The major categories of banking premises and equipment and accumulated depreciation at December 31 are summarized below: (In Thousands) 2021 2020 Land $ 6,652 $ 6,951 Buildings (useful life 15-39 years) 30,929 30,124 Furnishings (useful life 3-15 years) 23,160 20,947 60,741 58,022 Less: Accumulated depreciation (33,828 ) (30,959 ) Premises and Equipment (Net) $ 26,913 $ 27,063 Depreciation expense for the years ended December 31, 2021, 2020, and 2019

Servicing

Servicing	12 Months Ended
	Dec. 31, 2021
Transfers And Servicing [Abstract]
Servicing	Note 6 - Servicing Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of loans serviced for others were $380.8 and $377.5 million at December 31, 2021 and 2020, The balance of capitalized servicing rights included in other assets at December 31, 2021 and 2020, The fair market value of the capitalized servicing rights as of December 31, 2021 and 2020 2021 and 2020, . The following summarizes mortgage servicing rights capitalized and amortized during each year: (In Thousands) 2021 2020 Beginning of Year $ 3,320 $ 2,629 Capitalized Additions 1,417 1,722 Amortization (1,166 ) (1,031 ) Valuation Allowance (414 ) - End of Year $ 3,157 $ 3,320

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	Note 7 - Deposits Time deposits as of December 31 consist of the following: (In Thousands) 2021 2020 Time deposits under $250,000 $ 397,102 $ 215,515 Time deposits of $250,000 or more 74,377 32,038 $ 471,479 $ 247,553 At December 31, 2021 (In 2022 $ 265,696 2023 111,597 2024 59,815 2025 22,176 2026 11,807 Thereafter 388 $ 471,479

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase	12 Months Ended
	Dec. 31, 2021
Brokers And Dealers [Abstract]
Federal Funds Purchased and Securities Sold Under Agreement to Repurchase	Note 8 – Federal Funds Purchased and Securities Sold Under Agreement to Repurchase The Bank’s policy requires qualifying securities to be used as collateral for the underlying repurchase agreements. As of December 31, 2021 and 2020, securities with a market value of $31.1 million and $34.0 million, respectively, were pledged to secure the repurchase agreements. The table below presents the daily securities sold under agreement to repurchase and the term repurchase agreements. It does not include the Bank’s federal funds purchased. Daily Securities Sold Under Agreement to Repurchase Amount Weighted Maximum Amount Approximate Approximate Outstanding Average Borrowings Average Weighted Average at End Rate End Outstanding Outstanding in Interest Rate of Period (000's) of Period Month End (000's) Period (000's) For the Period 2021 $ 1,062 0.70 % $ 1,991 $ 1,514 0.43 % 2020 $ 1,899 1.08 % $ 2,568 $ 1,765 1.00 % Term CD's Sold Under Agreement to Repurchase Amount Weighted Maximum Amount Approximate Approximate Outstanding Average Borrowings Average Weighted Average at End Rate End Outstanding Outstanding in Interest Rate of Period (000's) of Period Month End (000's) Period (000's) For the Period 2021 $ 28,206 1.00 % $ 28,362 $ 28,315 2.56 % 2020 $ 28,340 1.00 % $ 29,261 $ 28,379 2.52 % The Company had no federal funds purchased as of December 31, 2021 and December 31, 2020. The $29.3 million in Securities Sold Under Agreements to Repurchase were comprised of U.S. Treasuries and government agency securities. The table below shows the remaining contractual maturity in the repurchase agreements and the collateral pledged as of December 31, 2021. December 31, 2021 Remaining Contractual Maturity of the Agreements Overnight & Continuous Up to 30 days 30-90 days Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,062 - 3,900 24,306 29,268 Total $ 1,062 $ - $ 3,900 $ 24,306 $ 29,268

Borrowings and Subordinated Not

Borrowings and Subordinated Notes	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Borrowings and Subordinated Notes	Note 9 – Borrowings and Subordinated Notes Short Term Debt Due to the funding requirement for the acquisition of PFSB to be provided from the holding company, the Company secured borrowings from a correspondent bank. Two loans were secured, the first a $30 million 12-month term note and the second a 12-month line of credit for $10 million. Both loans were advanced on October 1, 2021. Interest on both loans is due quarterly and accrues at a rate 2.50% per annum with reporting and capital covenants included. The structure of the acquisition required all accounting of the transaction to be recorded at the Bank level as Perpetual did not have a holding company. Therefore, the Company plans to advance funds from the Bank to the Company to facilitate payoff of the term note once regulatory approval is granted. The Company will seek the regulatory approval in the first quarter of 2022. Long Term Debt Federal Home Loan Bank Advances Long term debt consists of various loans from the Federal Home Loan Banks. Repayment structures vary, ranging from monthly installments, annual payments or upon maturity. Interest payments are due monthly. Total borrowings were $23.9 million excluding an additional $197 thousand for fair value related to the acquisition for December 31, 2021 compared to $18.0 million excluding $164 thousand for fair value for December 31, 2020. With the acquisition of Perpetual Federal Savings Bank, the Bank undertook $6 million in advances due in 2024. The advances were secured by a pledge of $193.2 and $38.0 million of mortgage loans as of December 31, 2021 and 2020, respectively under a blanket collateral agreement. The advances are subject to pre-payment penalties and the provisions and conditions of the credit policy of the Federal Home Loan Bank. The Bank had access to $69.0 million unsecured borrowings through correspondent banks as of both December 31, 2021 and December 31, 2020 December 31, 2021 December 31, 2020 (In Thousands) 2022 $ 1,388 2023 1,500 2024 17,500 2025 1,500 2026 - Thereafter 1,980 Total $ 23,868 Subordinated Notes On July 30, 2021, the Company announced the completion of a private placement of $35 million aggregate principal amount of its 3.25% fixed-to-floating rate subordinated notes due July 30, 2031 (the “Notes”) to various accredited investors (the “Offering”). The price for the Notes was 100% of the principal amount of the Notes. The Notes 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 anniversary, payable semi-annually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be the Three-Month Term SOFR (as defined in the Notes), plus a spread of 263 basis points from and including the five-year December 31, 2021 December 31, 2020 (In Thousands) Principal Unamortized Note Issuance Costs Principal Unamortized Note Issuance Costs Subordinated Notes $ 35,000 $ (529 ) $ - $ -

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes The components of income tax expense (benefit) for the years ended December 31 are as follows: (In Thousands) 2021 2020 2019 Current: Federal $ 7,536 $ 6,289 $ 4,005 State 271 513 63 Total current 7,807 6,802 4,068 Deferred: Federal (1,746 ) (1,596 ) 227 State (59 ) (95 ) 65 Total deferred (1,805 ) (1,691 ) 292 Total Income Tax $ 6,002 $ 5,111 $ 4,360 The following is a reconciliation of the statutory federal income tax rate to the effective tax rate: (In Thousands) 2021 2020 2019 Federal income tax at statutory rates $ 6,194 $ 5,294 $ 4,780 (Decrease) increase resulting from: State income tax, net of federal benefit 167 330 101 Tax exempt interest (116 ) (146 ) (170 ) Section 831 deduction (294 ) (266 ) (268 ) Other 51 (101 ) (83 ) Total Income Tax $ 6,002 $ 5,111 $ 4,360 Deferred tax assets and liabilities at December 31 are comprised of the following: (In Thousands) 2021 2020 Deferred Tax Assets: Allowance for loan losses $ 3,629 $ 3,128 Deferred compensation 561 537 Net unrealized loss on available-for-sale securities 846 - Fair value adjustments 1,913 - Other 277 142 Total deferred tax assets 7,226 3,807 Deferred Tax Liabilities: Accreted discounts on bonds 22 4 Depreciation 772 878 FHLB stock dividends 828 481 Intangible amortization 1,282 1,144 Mortgage servicing rights 778 725 Net unrealized gain on available-for-sale securities - 1,514 Prepaids 471 525 Other 173 5 Total deferred tax liabilities 4,326 5,276 Net Deferred Tax Asset (Liability) $ 2,900 $ (1,469 ) As part of the Perpetual acquisition, a net operating loss (NOL) carryforward was acquired that is subject to a Section 382 limitation. At the end of 2021, $377,807 of this NOL remained. This will carry forward indefinitely and is expected to be used in 2022. The Corporation has additional paid-in capital that is considered restricted resulting from the acquisition of Perpetual in 2021 of approximately $2,779,000. No deferred tax liability is required to be recorded for the Corporation’s tax bad debt reserves arising before December 31, 1987, unless it is apparent that the reserves will reverse in the near future. Unrecognized deferred taxes on these reserves would total $584,000. If the portion of retained earnings representing these reserves is used for any purpose other than to absorb bad debts, it will be added to future taxable income and the related tax will be recognized as expense.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 11 - Employee Benefit Plans The Bank has established a 401(k) profit sharing plan which allows eligible employees to save at a minimum one percent of eligible compensation on a pre-tax or post-tax basis, subject to certain Internal Revenue Service limitations. The Bank will match 50% of employee 401(k) contributions up to six percent of total eligible compensation. In addition, the Bank may make a discretionary contribution from time to time as is deemed advisable. A participant is 100% vested in the participant’s deferral contributions. Employer matching contributions are funded annually and are immediately vested. A six-year Restricted Stock Awards The Company has a Long-Term Stock Incentive Plan under which 48,750 shares of the Company’s restricted stock were issued to 96 employees during 2021, 37,382 shares of restricted stock were issued to 92 employees during 2020 and 38,100 shares of restricted stock were issued to 94 employees during 2019. Under the plan, the shares generally vest 100% in three years. During the 3 year vesting period, the employees receive dividends or dividend equivalent compensation on the shares. Due to employee termination, there were 2,575, 2,175, and 3,220 shares forfeited during 2021, 2020 and 2019, respectively. During 2021, seven employees retired and received 4,425 shares from the shares awarded in 2018, 2019 and 2020. In 2020, eight employees retired and received 10,890 shares from the shares awarded in 2017, 2018, 2019 and 2020. During 2019, due to retirement, three employees received 14,300 shares from awards granted in 2016, 2017 and 2018. In 2021, 18,845 shares awarded in 2018 were 100% vested and 50 employees received the stock. During 2020, 21,340 shares awarded in 2017 were 100% vested and 53 employees received the stock. One employee received accelerated vesting of 1,050 shares awarded in 2019, 2018 and 2017. Also during 2020, 1,600 shares awarded in 2019 were 100% vested and three employees received the stock. One employee received immediate vesting of 551 shares of stock. During 2019, 26,070 shares awarded in 2016 were vested 100% and 63 employees received the stock. Compensation expense applicable to the restricted stock awards The table below summarizes the details of the restricted shares issued, vested, and forfeited for the years ending December 31, 2021, 2020 and 2019. Year Ended December 31, 2021 2020 2019 Number of Shares Number of Employees Number of Shares Number of Employees Number of Shares Number of Employees Restricted shares issued 48,750 96 37,382 92 38,100 94 Restricted shares vested 18,845 50 23,491 58 26,070 63 Restricted shares awarded due to retirement 4,425 7 10,890 8 14,300 3 Restricted shares awarded for other - - 1,050 1 - - Restricted shares forfeited 2,575 4 2,175 5 3,220 4 The following table summarizes the activity of restricted stock awards as of December 31: Year Ended December 31, 2021 2020 2019 Number of Shares Weighted average fair value per award Number of Shares Weighted average fair value per award Number of Shares Weighted average fair value per award Beginning of period 88,226 $ 28.40 88,450 $ 31.52 93,940 $ 29.87 Granted 48,750 22.70 37,382 21.80 38,100 25.14 Vested (23,270 ) 42.03 (35,431 ) 29.27 (40,370 ) 21.76 Forfeited (2,575 ) 24.28 (2,175 ) 21.92 (3,220 ) 30.12 Nonvested, end of period 111,131 $ 23.02 88,226 $ 28.40 88,450 $ 31.52 As of December 31, 2021, there was $1.5 million of unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan to be recognized over the next three years. [Remainder of this page intentionally left blank.]

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Note 12 – Earnings Per Share Basic earnings per share is 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 stock based compensation plans. The Compensation Committee of the Company has determined that it is appropriate to award shares of the common stock of the Company to Outside Directors and Employees that are officers of the Company or the Bank who also serve as Directors of the Company and the Bank as a portion of their retainer for services rendered as Directors of the Company and the Bank. The Committee believes that it is appropriate to award the Directors Shares equal to approximately $4,000, rounded to the nearest whole Share on an annual basis commencing on June 5, 2020 and thereafter on the first Friday of June in each year. The value for the Shares is to be based upon the closing price for Shares on June 4, 2020 and thereafter on the first Thursday in June each year. On June 5, 2020, each Director received 176 shares. On November 20, 2020, a new director received 20 prorated 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. On October 1, 2021, a new Director was added as a result of the Perpetual Federal Savings Bank acquisition and received 68 prorated shares worth approximately $1,523. The table below presents basic and diluted earnings per share for the years ended December 31, 2021, 2020, and 2019. Year Ended December 31, December 31, December 31, 2021 2020 2019 Earnings per share Net income $ 23,495 $ 20,095 $ 18,402 Less: distributed earnings allocated to participating securities (70 ) (57 ) (51 ) Less: undistributed earnings allocated to participating securities (121 ) (96 ) (87 ) Net earnings available to common shareholders $ 23,304 $ 19,942 $ 18,264 Weighted average common shares outstanding including participating securities 11,664,852 11,146,270 11,113,810 Less: average unvested restricted shares (94,634 ) (84,879 ) (83,369 ) Weighted average common shares outstanding 11,570,218 11,061,391 11,030,441 Basic and diluted earnings per share $ 2.01 $ 1.80 $ 1.66

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions In the ordinary course of business, the Bank has granted loans to senior officers and directors and their affiliated companies amounting to $20.1 million and $1.4 million at December 31, 2021 and 2020, respectively. Four new loans were approved during 2021 of which no additional borrowings were utilized. During 2021, subsequent advances totaled $8.3 million and payments of $10.3 million were received. The difference in related borrowings amounted to $18.7 million, net increase. Deposits of directors, executive officers and companies in which they have a direct or indirect ownership as of December 31, 2021 and 2020, amounted to $43.7 million and $38.3 million, respectively.

Off Balance Sheet Activities

Off Balance Sheet Activities	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Off Balance Sheet Activities	Note 14 - Off Balance Sheet Activities Credit Related Financial Instruments The Bank is a party to credit related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing need of its customers. These financial instruments include commitments to extend credit, Standby Letters of Credit, and Commercial Letters of Credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Bank's exposure to credit loss is represented by the contractual amount of these commitments. The Bank follows the same credit policies in making commitments as it does for on-balance-sheet instruments. The allowance for credit losses as it relates to unfunded loan commitments (AULC) is included under other liabilities. The AULC as of December 31, 2021 and 2020 At December 31, 2021 and 2020 (In Thousands) 2021 2020 Commitments to extend credit $ 557,094 $ 456,299 Credit card arrangements 23,179 22,903 Standby letters of credit 983 2,021 Commitments to extend credit, credit card arrangements and Standby Letters of Credit all include exposure to some credit loss in the event of nonperformance of the customer. The Bank’s credit policies and procedures for credit commitments and financial guarantees are the same as those for extensions of credit that are recorded in the financial statements. Due to the fact that these instruments have fixed maturity dates, and because many of them expire without being drawn upon, they generally do not present any significant liquidity risk to the Bank. Collateral Requirements To reduce credit risk related to the use of credit-related financial instruments, the Bank might deem it necessary to obtain collateral. The amount and nature of the collateral obtained is based on the Bank's credit evaluation of the customer. Collateral held varies but may include cash, securities, accounts receivable, inventory, property, plant, and real estate. Legal Contingencies Various legal claims also arise from time to time in the normal course of business, which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Minimum Regulatory Capital Requ

Minimum Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Banks [Abstract]
Minimum Regulatory Capital Requirements	Note 15 - Minimum Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Quantitative measures established by the Basel III Capital Rules, the comprehensive capital framework for U.S. banking organizations, to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1 capital, Tier 1 capital and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to adjusted quarterly average assets (as defined). In connection with the adoption of the Basel III Capital Rules, we elected to opt-out of the requirement to include most components of accumulated other comprehensive income in Common Equity Tier 1. Common Equity Tier 1 is reduced by goodwill and other intangible assets, net of associated deferred tax liabilities, and subject to transition provisions. The Common Equity Tier 1, Tier 1 and Total capital ratios are calculated by dividing the respective capital amounts by risk-weighted assets. Risk-weighted assets are calculated based on regulatory requirements and include total assets, with certain exclusions, allocated by risk weight category, and certain off-balance-sheet items, among other things. The leverage ratio is calculated by dividing Tier 1 capital by adjusted quarterly average total assets, which exclude goodwill and other intangible assets, among other things. The Basel III Capital Rules require the Bank to maintain (i) a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (which is added to the 4.5% Common Equity Tier 1 capital ratio, effectively resulting in a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 7.0%), (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the capital conservation buffer (which is added to the 6.0% Tier 1 capital ratio, effectively resulting in a minimum Tier 1 capital ratio of 8.5%), (iii) a minimum ratio of Total capital (that is, Tier 1 plus Tier 2) to risk-weighted assets of at least 8.0%, plus the capital conservation buffer (which is added to the 8.0% total capital ratio, effectively resulting in a minimum total capital ratio of 10.5%) and (iv) a minimum leverage ratio of 4.0%, calculated as the ratio of Tier 1 capital to average quarterly assets. The capital conservation buffer is designed to absorb losses during periods of economic stress and, as detailed above, effectively increases the minimum required risk-weighted capital ratios. Banking institutions with a ratio of Common Equity Tier 1 capital to risk-weighted assets below the effective minimum (4.5% plus the capital conservation buffer) will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. Management believes, as of December 31, 2021 As of December 31, 2021, The following tables present actual and required capital ratios as of December 31, 2021 and December 31, 2020 under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of December 31, 2021 and December 31, 2020. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. The Bank’s actual and required capital amounts and ratios as of December 31, 2021 Actual Minimum Capital Required Required to be Considered Well-Capitalized (000's) (000's) (000's) As of December 31, 2021 Amount Ratio Amount Ratio Amount Ratio Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 256,943 14.26 % $ 81,074 4.50 % $ 117,112 6.50 % Total Risk-Based Capital (to Risk Weighted Assets) 274,226 15.22 % 144,138 8.00 % 180,173 10.00 % Tier 1 Capital (to Risk Weighted Assets) 256,943 14.26 % 108,104 6.00 % 144,138 8.00 % Tier 1 Leverage Capital (to Adjusted Total Assets) 256,943 10.25 % 100,317 4.00 % 125,396 5.00 % Actual Minimum Capital Required Required to be Considered Well-Capitalized (000's) (000's) (000's) As of December 31, 2020 Amount Ratio Amount Ratio Amount Ratio Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 164,322 11.63 % $ 63,542 4.50 % $ 91,783 6.50 % Total Risk-Based Capital (to Risk Weighted Assets) 178,635 12.64 % 113,032 8.00 % 141,290 10.00 % Tier 1 Capital (to Risk Weighted Assets) 164,322 11.63 % 84,774 6.00 % 113,032 8.00 % Tier 1 Leverage Capital (to Adjusted Total Assets) 164,322 9.08 % 72,419 4.00 % 90,524 5.00 % The above tables exclude the capital conservation buffer requirements.

Restrictions of Dividends & Int

Restrictions of Dividends & Inter-company Borrowings	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Restrictions of Dividends & Inter-company Borrowings	Note 16 - Restrictions of Dividends & Inter-company Borrowings The Bank is restricted as to the amount of dividends that can be paid. Dividends declared by the Bank that exceed the net income for the current year plus retained income for the preceding two years must be approved by federal and state regulatory agencies. Under this formula, dividends of $18.2 million may be paid without prior regulatory approval. Regardless of formal regulatory restrictions, the Bank may not pay dividends that would result in its capital levels being reduced below the minimum requirements shown above. Under current Federal Reserve regulations, the Bank is limited as to the amount and type of loans it may make to the Company. These loans are subject to qualifying collateral requirements on which the amount of the loan may be based.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 17 - 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.] T he estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of December 31, 2021 and 2020, are reflected below. The aggregate fair values in the table below do not represent the total market value of the Bank’s assets and liabilities. The table excludes the following: Bank Premises and Equipment, Goodwill, Mortgage Servicing Rights, Other Real Estate Owned, Other Assets, Other Liabilities and Accrued Expenses. (In Thousands) December 31, 2021 December 31, 2020 Carrying Fair Carrying Fair Amount Value Level 1 Level 2 Level 3 Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 180,823 $ 180,832 $ 180,823 $ - $ - $ 175,706 $ 175,706 $ 175,706 $ - $ - Interest-bearing time deposits 10,913 10,933 - 10,933 - 4,653 4,677 - 4,677 - Securities - available-for-sale 429,931 429,931 89,177 335,981 4,773 307,812 307,812 - 306,250 1,562 Other securities 8,162 8,162 - - 8,162 5,939 5,939 - - 5,939 Loans held for sale 7,714 7,844 - - 7,844 7,740 7,740 - - 7,740 Loans, net 1,841,177 1,864,386 - - 1,864,386 1,289,318 1,261,440 - - 1,261,440 Interest receivable 7,209 7,209 - - 7,209 6,188 6,188 - - 6,188 Financial Liabilities: Interest bearing deposits $ 1,248,294 $ 1,248,044 $ - $ - $ 1,248,044 $ 997,462 $ 1,004,608 $ - $ - $ 1,004,608 Noninterest bearing deposits 473,689 473,689 - 473,689 - 351,147 351,147 - 351,147 - Time deposits 471,479 475,810 - - 475,810 247,553 250,135 - - 250,135 Total Deposits 2,193,462 2,197,543 - 473,689 1,723,854 1,596,162 1,605,890 - 351,147 1,254,743 Fed funds purchased and securities sold under agreement to repurchase 29,268 29,268 - - 29,268 30,239 30,239 - - 30,239 Federal Home Loan Bank advances 24,065 24,305 - - 24,305 17,861 17,872 - - 17,872 Other borrowings 40,000 40,000 - 40,000 - - - - - - Subordinated notes 34,471 35,000 - 35,000 - - - - - - Interest payable 1,125 1,125 - - 1,125 338 338 - - 338 Fair Value Measurements The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2021 and 2020, 2021. 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. The quoted prices are not adjusted. 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 two 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 table summarizes financial assets measured at fair value on a recurring basis as of December 31, 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) Quoted Prices in Significant Significant Active Markets Observable Observable for Identical Inputs Inputs December 31, 2021 Assets (Level 1) (Level 2) (Level 3) Assets-(Securities Available-for-Sale) U.S. Treasury $ 89,177 $ - $ - U.S. Government agencies - 156,886 - Mortgage-backed securities - 117,927 - State and local governments - 61,168 4,773 Total Securities Available-for-Sale $ 89,177 $ 335,981 $ 4,773 Quoted Prices in Significant Significant Active Markets Observable Observable for Identical Inputs Inputs December 31, 2020 Assets (Level 1) (Level 2) (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 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local State and Local State and Local Governments Governments Governments Tax-Exempt Taxable Total Balance at January 1, 2021 $ - $ 1,562 $ 1,562 Change in Market Value 44 (96 ) (52 ) Purchases 2,418 1,000 3,418 Sales - - - Payments & Maturities (155 ) - (155 ) Balance at December 31, 2021 $ 2,307 $ 2,466 $ 4,773 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local State and Local State and Local Governments Governments Governments Tax-Exempt Taxable Total Balance at January 1, 2020 $ - $ 1,490 $ 1,490 Change in Market Value - 72 72 Purchases - - - Sales - - - Payments & Maturities - - - Balance at December 31, 2020 $ - $ 1,562 $ 1,562 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. There have been no transfers into or out of Level 3 during 2021 and 2020. The 2021 tax exempt purchases were included in the acquisition of Ossian State Bank. The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis. At December 31, 2021 and 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 December 31, 2021 and 2020, collateral dependent impaired loans categorized as Level 3 were $8,527 and $7,703 thousand, respectively. The specific allocation for collateral dependent impaired loans was $2,184 thousand as of December 31, 2021 and $1,657 thousand as of December 31, 2020, respectively, which are accounted for in the allowance for loan losses (see Note 4). During 2021, impairment was recognized on mortgage servicing rights based upon the independent third party’s quarterly valuations. A valuation allowance was established by strata to quantify the likely impairment of the value of the mortgage servicing rights to the Company. If the carrying amount of an individual strata exceeds the fair value, impairment was recorded on that strata so the servicing asset was carried at fair value. Other real estate is reported at the lower of either the fair value of the real estate, minus the estimated costs to sell the asset, or the cost of the asset. The determination of the fair value of the real estate relies primarily on appraisals from third parties. If the fair value of the real estate, minus the estimated costs to sell the asset, is less than the asset’s cost, the deficiency is recognized as a valuation allowance against the asset through a charge to expense. The valuation allowance is therefore increased or decreased, through charges or credits to expense, for changes in the asset’s fair value or estimated selling costs. The following table presents collateral dependent impaired loans and other real estate owned as recorded at fair value: ($ in Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2021 Quoted Prices in Markets for Significant Significant Balance at Identical Observable Inputs Unobservable Inputs December 31, 2021 Assets (Level 1) (Level 2) (Level 3) Collateral dependent impaired loans $ 8,527 $ - $ - $ 8,527 Mortgage servicing rights 3,157 - - 3,157 Other real estate owned - residential 99 - - 99 ($ in Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020 Quoted Prices in Markets for Significant Significant Balance at Identical Observable Inputs Unobservable Inputs December 31, 2020 Assets (Level 1) (Level 2) (Level 3) Collateral dependent impaired loans $ 7,703 $ - $ - $ 7,703 Mortgage servicing rights - - - - Other real estate owned - residential - - - - The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Fair Value at December 31, 2021 Valuation Technique Unobservable Inputs Range (Weighted Average) State and local government $ 4,773 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0.21-1.77% (1.33%) Collateral dependent impaired loans 8,527 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 20.00-53.95% (34.78%) Mortgage servicing rights 3,157 Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate 1.94-27.70% (18.44%) Other real estate owned - residential 99 Appraisals Discount to reflect current market 32.72% (32.72%) (In Thousands) Fair Value at December 31, 2020 Valuation Technique Unobservable Inputs Range (Weighted 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%) Mortgage servicing rights - Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate — % ( — ) Other real estate owned - residential - Appraisals Discount to reflect current market — % ( — )

Condensed Financial Statements

Condensed Financial Statements of Parent Company	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Financial Statements of Parent Company	Note 18 – Condensed Financial Statements of Parent Company Balance Sheets (In Thousands) 2021 2020 Assets Cash $ 19,293 $ 5,763 Interest-bearing time deposits 1,234 1,727 Related party receivables: Dividends and accounts receivable from subsidiary 4,636 3,380 Accrued interest receivable - municipals / interest bearing time deposits 43 91 Securities - municipals 9,027 17,885 Investment in subsidiaries 340,733 222,423 Total Assets $ 374,966 $ 251,269 Liabilities Other borrowings $ 40,000 $ - Subordinated notes, net of unamortized issuance costs 34,471 - Dividends payable 2,461 1,889 Accrued interest payable 743 - Accrued expenses 124 220 Total Liabilities 77,799 2,109 Stockholders' Equity 297,167 249,160 Total Liabilities and Stockholders' Equity $ 374,966 $ 251,269 Statements of Income and Comprehensive Income (In Thousands) 2021 2020 2019 Income Dividends from subsidiaries $ 23,200 $ 8,800 $ 13,137 Interest - municipals / interest-bearing time deposits 253 382 374 Loss on sales of available-for-sale securities 293 - - Total income 23,746 9,182 13,511 Expenses Interest 743 - - Operating expenses 1,335 923 999 Total expenses 2,078 923 999 Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries 21,668 8,259 12,512 Income Taxes (Benefit) (347 ) (184 ) (166 ) 22,015 8,443 12,678 Equity in undistributed earnings of subsidiaries 1,480 11,652 5,724 Net Income 23,495 20,095 18,402 Other Comprehensive Income (Loss): Unrealized gains (losses) on securities, net of taxes (8,881 ) 4,599 4,112 Comprehensive Income $ 14,614 $ 24,694 $ 22,514 Statements of Cash Flows (In Thousands) 2021 2020 2019 Cash Flows from Operating Activities Net income $ 23,495 $ 20,095 $ 18,402 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income (1,480 ) (11,652 ) (5,724 ) Amortization of premiums on available-for-sale securities, net 81 154 99 Amortization of subordinated notes issuance fees 49 - - Stock-based compensation expense 822 1,024 1,088 Director stock awards 73 48 - Gain on sale of available-for-sale securities (293 ) - - Changes in assets and liabilities: Other assets and liabilities (456 ) 1,742 (2,692 ) Net cash provided by operating activities 22,291 11,411 11,173 Cash Flows from Investing Activities Activity in available-for-sale securities: Maturities, prepayments and calls 795 385 7,060 Sales 7,773 - 500 Purchases - (745 ) (11,453 ) Maturities of certificates of deposit 493 - - Cash used for acquisitions (79,235 ) - - Net cash used in investing activities (70,174 ) (360 ) (3,893 ) Cash Flows from Financing Activities Proceeds of other borrowings 35,000 - - Purchase of treasury stock (338 ) (383 ) (381 ) Proceeds from issuance of subordinated notes 34,421 - - Payment of dividends (7,670 ) (7,186 ) (6,345 ) Net cash provided by (used in) financing activities 61,413 (7,569 ) (6,726 ) Net Change in Cash and Cash Equivalents 13,530 3,482 554 Cash and Cash Equivalents - Beginning of year 5,763 2,281 1,727 Cash and Cash Equivalents - End of year $ 19,293 $ 5,763 $ 2,281

Quarterly Financial Data

Quarterly Financial Data	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	Note 19 – Quarterly Financial Data Quarterly Financial Data - UNAUDITED Quarter Ended in 2021 Mar 31 June 30 Sep 30 Dec 31 Summary of Income: Interest income $ 16,765 $ 17,530 $ 20,122 $ 22,423 Interest expense 1,728 1,554 1,672 2,388 Net Interest Income 15,037 15,976 18,450 20,035 Provision for loan loss 1,700 641 659 444 Net interest income after provision of loan loss 13,337 15,335 17,791 19,591 Other income (expense) (7,368 ) (9,033 ) (10,247 ) (9,909 ) Net income before income taxes 5,969 6,302 7,544 9,682 Income taxes 1,060 1,319 1,624 1,999 Net income $ 4,909 $ 4,983 $ 5,920 $ 7,683 Earnings per Common Share $ 0.44 $ 0.44 $ 0.53 $ 0.59 Average common shares outstanding 11,197,012 11,191,043 11,209,732 13,046,299 Quarter Ended in 2020 Mar 31 June 30 Sep 30 Dec 31 Summary of Income: Interest income $ 17,464 $ 17,273 $ 17,293 $ 18,139 Interest expense 3,411 2,698 2,269 2,015 Net Interest Income 14,053 14,575 15,024 16,124 Provision for loan loss 1,430 1,569 1,987 1,995 Net interest income after provision for loan loss 12,623 13,006 13,037 14,129 Other income (expense) (7,546 ) (7,041 ) (7,340 ) (5,662 ) Net income before income taxes 5,077 5,965 5,697 8,467 Income taxes 972 1,161 1,287 1,691 Net income $ 4,105 $ 4,804 $ 4,410 $ 6,776 Earnings per Common Share $ 0.37 $ 0.43 $ 0.40 $ 0.60 Average common shares outstanding 11,134,870 11,129,341 11,142,797 11,177,765

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 20 – Subsequent Events On January 25, 2022, the Company announced the authorization by its Board of Directors for the Company’s repurchase, either on the open market, or in privately negotiated transactions, of up to 600,000 shares of its outstanding common stock commencing January 25, 2022 and ending December 31, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Farmers & Merchants Bancorp, Inc. (the Company) through its bank subsidiary, The Farmers & Merchants State Bank (the Bank) provides a variety of financial services to individuals and small businesses through its offices in Northwest Ohio and Northeast Indiana.
Consolidation Policy	Consolidation Policy The consolidated financial statements include the accounts of Farmers & Merchants Bancorp, Inc. and its wholly-owned subsidiaries, The Farmers & Merchants State Bank (the Bank), a commercial banking institution and Farmers & Merchants Risk Management, Inc. (the Captive), a Captive insurance company. All significant inter-company balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of mortgage servicing rights. Actual results could differ from those estimates. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral. The Bank’s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on local economic conditions in the agricultural industry. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. This includes cash on hand, amounts due from banks, and federal funds sold. Generally, federal funds sold are outstanding for one day periods.
Restrictions on Cash and Amounts Due from Banks	Restrictions on Cash and Amounts Due from Banks Effective March 26, 2020, the Bank is no longer required to maintain average balances on hand with the Federal Reserve Bank. The Company and its subsidiaries maintain cash balances with high quality financial institutions. At times such balances may be in excess of the federally insured limits.
Securities	Securities Debt securities are classified as available-for-sale. Securities available-for-sale are carried at fair value with unrealized gains and losses reported in other comprehensive income (loss). Net realized gains and losses on securities available for sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income (loss). Gains and losses on sales of securities are determined on the specific-identification method. Declines in the fair value of securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The related write-downs are included in earnings as realized losses.
Other Securities	Other Securities Other Securities consist of stock in the Federal Home Loan Banks of Cincinnati and Indianapolis (the “FHLBs”), which is held to enable the Bank to conduct business with the entities. The FHLBs sell and purchase their stock at par. The FHLBs stock is carried at cost and held as collateral security for all indebtedness of the Bank to the Federal Home Loan Bank. The FHLBs stock is evaluated for impairment as conditions warrant. Other Securities also include the Bank’s capital contributions to three Ohio Equity Funds for Housing Limited Partnership.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at the amount of unpaid principal, reduced by unearned discounts, unamortized premiums or discounts on purchased loans, and deferred loan fees and costs, as well as, by the allowance for loan losses. Interest income is accrued on a daily basis based on the principal outstanding. Generally, a loan is classified as nonaccrual and the accrual of interest income is generally discontinued when a loan becomes ninety days past due as to principal or interest and these loans are placed on a “cash basis” for purposes of income recognition. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral is sufficient to cover the principal and accrued interest, and the loan is in the process of collection. When a loan is placed on nonaccrual status, all previously accrued and unpaid interest receivable is charged against income. Loan origination and commitment fees and certain direct loan origination costs are deferred and amortized as a net adjustment to the related loan’s yield. The Bank is generally amortizing these costs over the contractual life of such loans.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to income. Loans deemed to be uncollectable and changes in the allowance relating to loans are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans in light of historical experiences, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are subject to revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience adjusted for qualitative factors. The unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and agricultural loans by either the present value of expected future cash flows discounted at the loan's effective interest rate or the fair value of the collateral if the loan is collateral dependent. 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. 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. Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual consumer loans for impairment, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. For more information regarding the actual composition and classification of loans involved in the establishment of the allowance for loan loss, please see Note 4 provided here with the notes to consolidated financial statements.
Loans Held for Sale	Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized in a valuation allowance by charges to income.
Servicing Assets	S ervicing Assets Servicing assets are recognized as separate assets when rights are acquired through purchase or sale of financial assets. Capitalized servicing rights are amortized into noninterest expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights by predominant characteristics, such as interest rates and terms. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance for an individual stratum, to the extent that fair value is less than the capitalized amount for the stratum. Fees received for servicing loans owned by investors are based on a percentage of the outstanding monthly principal balance of such loans and are included in operating income as loan payments are received. Costs of servicing loans are charged to expense as incurred.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed for impairment at least annually. If possible impairment is likely, the Bank will utilize the assistance of an independent third party for an appraisal and any such impairment is recognized in the period identified. Periodically, the Bank will have an independent third party assess the possibility of impairment of Goodwill. Such an assessment was performed as of September 30, 2020. The goodwill impairment analysis consisted of a first step goodwill impairment test which was used to identify potential impairment by comparing the fair value of the relevant reporting entity with its carrying value, including goodwill. The analysis was performed under guidance of FASB ASC 350. In quantitative testing completed as of November 30, 2021, the excess fair value of capital was $48.8 million or 14.5% over the carrying value and was over 60% the value of goodwill being carried. Therefore, the Bank concluded it is unlikely impairment of goodwill has occurred from the goodwill established from the Bank’s acquisition of Knisely on December 31, 2007, the acquisition of Bank of Geneva on January 1, 2019, the acquisition of Ossian State Bank on April 30, 2021 and the acquisition of Perpetual Federal Savings Bank on October 1, 2021. Other intangible assets consist of core deposit and customer list intangible assets arising from business acquisitions. They are initially measured at fair value and then are amortized on a straight line method over their estimated useful lives and evaluated for impairment. These assets are included in other assets on the consolidated balance sheets.
Off Balance Sheet Instruments	Off Balance Sheet Instruments In the ordinary course of business, the Bank has entered into commitments to extend credit, including commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded.
Foreclosed Real Estate	Foreclosed Real Estate Foreclosed real estate held for sale is carried at the lower of fair value minus estimated costs to sell, or cost. Costs of holding foreclosed real estate are charged to expense in the current period, except for significant property improvements, which are capitalized. Valuations are periodically performed by management and an allowance is established by a charge to noninterest expense if the carrying value exceeds the fair value minus the estimated costs to sell. Foreclosed real estate is classified as other real estate owned. The net loss from operations of foreclosed real estate held for sale is reported in noninterest expense. At December 31, the Bank’s holding of other real estate owned totaled $159 thousand and $71 thousand for 2021 and 2020
Bank Premises and Equipment	Bank Premises and Equipment Land is carried at cost. Bank premises and equipment are stated at cost less accumulated depreciation. Depreciation is based on the estimated useful lives of the various properties and is computed using straight line and accelerated methods. Costs for maintenance and repairs are charged to operations as incurred. Gains and losses on dispositions are included in current operations.
Bank Owned Life Insurance	Bank Owned Life Insurance Bank owned life insurance policies are carried at their cash surrender value. The Bank recognizes tax-free income from the periodic increases in the cash surrender value of these policies and from death benefits.
Revenue Recognition	Revenue Recognition Accounting Standards Codification 606, “Revenue from Contracts with Customer” (ASC 606) provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue generated from financial instruments, including loans and investment securities, are not included within the scope of ASC 606. The adoption of ASC 606 did not result in a change to the accounting for any of the Company’s revenue streams that are within scope of the amendments. Revenue-generating activities that are within the scope of ASC 606 that are presented as noninterest income in the Company’s consolidated statements of income include: o Customer service fees – these include miscellaneous service fees and transaction-based fees charged for certain services, such as debit card or credit card. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. o Other service charges and fees – these include service fees charged for deposit account maintenance and activity along with transaction-based fees charged for certain services, such as overdraft activities, returned check charges and wire transfers. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services.
Income Tax	Income Tax The Company’s income tax expense consists of the following components for federal and state: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in tax expense. Based on management’s analysis, the Company did not have any uncertain tax positions as of December 31, 2021 and 2020
Earnings Per Share	Earnings Per Share Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. See Note 12 for additional information.
Stock-Based Compensation	Stock-Based Compensation The fair value of restricted common stock is their fair market value on the date of grant. The fair value of restricted stock is amortized as compensation expense on a straight-line basis over the vesting period of the grants. Compensation expense recognized is included in salaries and wages in the consolidated statements of income.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Treasury Stock	Treasury Stock Common stock shares repurchased are recorded at market value on date of purchase. Restricted shares when awarded are removed from treasury stock using the weighted average method.
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the balance sheet. Such items, along with net income, are components of other comprehensive income (loss). The components of other comprehensive income (loss) and related tax effects are as follows: (In Thousands) 2021 2020 2019 Net unrealized gain (loss) on available-for-sale securities $ (10,948 ) $ 6,091 $ 5,179 Reclassification adjustment for (gain) loss on sale of available-for-sale securities (293 ) (270 ) 26 Net unrealized gain (loss) on available-for-sale securities (11,241 ) 5,821 5,205 Tax expense (benefit) (2,360 ) 1,222 1,093 Other comprehensive income (loss) $ (8,881 ) $ 4,599 $ 4,112
Reclassification	Reclassification Certain amounts in the 2020 and 2019 consolidated financial statements have been reclassified to conform with the 2021 presentation. These reclassifications had no effect on net income.
Recent Accounting Pronouncements	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 will adopt ASU 2016-13 on January 1, 2023.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Components of Other Comprehensive Income (Loss) and Related Tax Effects	The components of other comprehensive income (loss) and related tax effects are as follows: (In Thousands) 2021 2020 2019 Net unrealized gain (loss) on available-for-sale securities $ (10,948 ) $ 6,091 $ 5,179 Reclassification adjustment for (gain) loss on sale of available-for-sale securities (293 ) (270 ) 26 Net unrealized gain (loss) on available-for-sale securities (11,241 ) 5,821 5,205 Tax expense (benefit) (2,360 ) 1,222 1,093 Other comprehensive income (loss) $ (8,881 ) $ 4,599 $ 4,112

Business Combination & Asset _2

Business Combination & Asset Purchase (Tables)	12 Months Ended
	Dec. 31, 2021
Business Acquisition [Line Items]
Schedule of Pro-forma Results	The following schedule includes pro-forma results for the years ended December 31, 2021, 2020 and 2019 as if all three acquisitions had occurred as of the beginning of the comparable prior reporting periods. 2021 2020 2019 Summary of Operations Net Interest Income - Before Provision for Loan Losses $ 78,064 $ 74,378 $ 70,313 Provision for Loan Losses 3,445 6,893 1,400 Net Interest Income After Provision for Loan Losses 74,619 67,485 68,913 Noninterest Income 18,548 17,282 12,350 Noninterest Expense 54,540 51,890 48,686 Income Before Income Taxes 38,627 32,877 32,577 Income Taxes 7,712 6,475 6,696 Net Income $ 30,915 $ 26,402 $ 25,881 Basic and Diluted Earnings Per Share $ 2.65 $ 2.28 $ 2.24
Schedule of Future Amortization of Core Deposit Intangible Assets	Future amortization expense of core deposit intangible assets is as follows: Geneva Ossian Perpetual Total (In thousands) 2022 $ 560 $ 140 $ 95 $ 795 2023 560 140 95 795 2024 560 140 95 795 2025 560 140 95 795 2026 - 140 95 235 Thereafter - 187 169 356 Total $ 2,240 $ 887 $ 644 $ 3,771
Customer Lists [Member]
Business Acquisition [Line Items]
Schedule of Future Amortization of Core Deposit Intangible Assets	Future amortization expense of customer list intangible is as follows: (In thousands) 2022 $ 123 2023 123 2024 123 2025 123 2026 123 Thereafter 47 Total $ 662
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Perpetual Federal Savings Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 59,234 Common Shares (1,833,845 shares) 41,078 Total $ 100,312 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 44,975 Federal funds sold 1,672 Interest-bearing time deposits 6,250 Other securities, at cost 2,794 Loans, net 334,661 Premises and equipment 615 Goodwill 25,220 Other assets 3,975 Total Assets Purchased $ 420,162 Liabilities Deposits Noninterest bearing $ 2,018 Interest bearing 309,090 Total deposits 311,108 Federal Home Loan Bank (FHLB) advances 6,218 Accrued expenses and other liabilities 2,524 Total Liabilities Assumed $ 319,850
Summary of Carrying Amount of Loans	The carrying amount of those loans is included in loans, net on the balance sheet at December 31, 2021. The amounts of loans at October 1, 2021 and December 31, 2021 are as follows: 2021 (In Thousands) Balance - October 1, 2021 Consumer Real Estate $ 608 Agricultural Real Estate 118 Commercial Real Estate 234 Consumer 5 Carrying amount, net of fair value adjustment of $237 $ 728 Balance - December 31, 2021 Consumer Real Estate $ 581 Agricultural Real Estate 114 Commercial Real Estate 5 Consumer - Carrying amount, net of fair value adjustment of $190 $ 510
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 $ 962 Agricultural Real Estate 146 Commercial Real Estate 293 Consumer 6 Total required payments receivable $ 1,407 Cash flows expected to be collected at acquisition $ 728 Basis in acquired loans at acquisition $ 965
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: 2021 (In Thousands) Beginning Balance $ - Additions 5,592 Accretion (330 ) Reclassification from nonaccretable difference - Disposals - Ending Balance $ 5,262
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Ossian State Bank and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 20,001 Total $ 20,001 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 20,229 Interest-bearing time deposits 20,226 Securities - available-for-sale 30,243 Other securities, at cost 281 Loans, net 52,403 Premises and equipment 494 Goodwill 7,874 Other assets 5,308 Total Assets Purchased $ 137,058 Liabilities Deposits Noninterest bearing $ 34,509 Interest bearing 81,535 Total deposits 116,044 Accrued expenses and other liabilities 1,013 Total Liabilities Assumed $ 117,057
Summary of Carrying Amount of Loans	The carrying amount of those loans is included in loans, net on the balance sheet at December 31, 2021. The amounts of loans at April 30, 2021 and December 31, 2021 are as follows: 2021 (In Thousands) Balance - April 30, 2021 Consumer Real Estate $ 24 Agricultural Real Estate 981 Commercial Real Estate 315 Commercial and Industrial 314 Carrying amount, net of fair value adjustment of $325 $ 1,309 Balance - December 31, 2021 Consumer Real Estate $ 22 Agricultural Real Estate - Commercial Real Estate 222 Commercial and Industrial 285 Carrying amount, net of fair value adjustment of $321 $ 208
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 and 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, are as follows: 2021 (In Thousands) Beginning Balance $ - Additions 762 Accretion (117 ) Reclassification from nonaccretable difference - Disposals - Ending Balance $ 645
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair Value of Consideration Transferred (In Thousands) Cash $ 8,465 Common Shares (1,830,000 shares) 70,437 Total $ 78,902 Recognized amounts of identifiable assets acquired and liabilities assumed Assets Cash and cash equivalents $ 6,376 Securities - available-for-sale 17,494 Other securities, at cost 2,347 Loans, net 257,183 Premises and equipment 2,538 Goodwill 43,266 Other assets 7,176 Total Assets Purchased $ 336,380 Liabilities Deposits Noninterest bearing $ 37,822 Interest bearing 168,312 Total deposits 206,134 Federal Home Loan Bank (FHLB) advances 48,196 Accrued expenses and other liabilities 3,148 Total Liabilities Assumed $ 257,478
Summary of Carrying Amount of Loans	The carrying amount of those loans is included in loans, net on the balance sheet at December 31, 2020. The amounts of loans at January 1, 2019, December 31, 2019 and December 31, 2020 are as follows: 2019 (In Thousands) Balance - January 1, 2019 Commercial $ 4,094 Consumer RE 231 Consumer 71 Carrying amount, net of fair value adjustment of $2,118 $ 2,278 Balance - December 31, 2019 Commercial $ 106 Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $62 $ 44 2020 (In Thousands) Balance - December 31, 2020 Commercial $ - Consumer RE - Consumer - Carrying amount, net of fair value adjustment of $0 $ -
Summary of Loans Acquired and Contractually Required Payments Receivable	Loans acquired during 2019 for which it was probable at acquisition that all contractually required payments would not be collected are as follows: (In Thousands) Contractually required payments receivable at acquisition Commercial $ 4,215 Consumer RE 261 Consumer 94 Total required payments receivable $ 4,570 Cash flows expected to be collected at acquisition $ 2,788 Basis in acquired loans at acquisition $ 4,396
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, are as follows: 2021 2020 (In Thousands) (In Thousands) Beginning Balance $ 1,653 $ 2,021 Additions 17 3 Accretion (431 ) (427 ) Reclassification from nonaccretable difference - 62 Disposals (41 ) (6 ) Ending Balance $ 1,198 $ 1,653
Adams County Financial Resources [Member]
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for 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 and liabilities assumed Assets Premises and equipment $ 25 Customer list intangible 800 Total Assets Purchased $ 825

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 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, follows: (In Thousands) 2021 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 90,775 $ - $ (1,598 ) $ 89,177 U.S. Government agencies 159,673 695 (3,482 ) 156,886 Mortgage-backed securities 118,550 839 (1,462 ) 117,927 State and local governments 64,964 1,498 (521 ) 65,941 Total available-for-sale securities $ 433,962 $ 3,032 $ (7,063 ) $ 429,931 (In Thousands) 2020 Gross Gross Fair Amortized Unrealized Unrealized Market 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 December 31, 2021 and 2020 2021 (In Thousands) (In Thousands) Less Than Twelve Months Twelve Months & Over Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value U.S. Treasury $ (1,598 ) $ 89,177 $ - $ - U.S. Government agencies (1,898 ) 86,739 (1,584 ) 41,738 Mortgage-backed securities (1,050 ) 63,157 (412 ) 16,434 State and local governments (296 ) 17,727 (225 ) 5,487 Total available-for-sales securities $ (4,842 ) $ 256,800 $ (2,221 ) $ 63,659 2020 (In Thousands) (In Thousands) Less Than Twelve Months Twelve Months & Over Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value U.S. Treasury $ - $ - $ - $ - U.S. Government agencies (130 ) 48,331 - - Mortgage-backed securities - - - - State and local governments (10 ) 3,562 - - Total available-for-sales securities $ (140 ) $ 51,893 $ - $ -
Gross Realized Gains and Losses	gross realized gains and losses for the years ended December 31, as presented below: (In Thousands) 2021 2020 2019 Gross realized gains $ 293 $ 270 $ 16 Gross realized losses - - (42 ) Net realized gains (losses) $ 293 $ 270 $ (26 ) Tax expense (benefit) related to net realized gains (losses) $ 62 $ 57 $ (5 )
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity	The amortized cost and fair value of debt securities at December 31, 2021 (In Thousands) Amortized Cost Fair Value One year or less $ 9,413 $ 9,458 After one year through five years 149,169 148,405 After five years through ten years 156,830 154,141 After ten years - - Total $ 315,412 $ 312,004 Mortgage-backed securities 118,550 117,927 Total $ 433,962 $ 429,931

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Loans	Loans (In Thousands) Loans: 2021 2020 Consumer Real Estate $ 395,873 $ 175,588 Agricultural Real Estate 198,343 189,159 Agricultural 118,368 94,358 Commercial Real Estate 848,477 588,825 Commercial and Industrial 208,270 189,246 Consumer 57,737 52,540 Other 32,089 15,757 $ 1,859,157 $ 1,305,473 Less: Net deferred loan fees and costs (1,738 ) (2,483 ) 1,857,419 1,302,990 Less: Allowance for loan losses (16,242 ) (13,672 ) Loans - Net $ 1,841,177 $ 1,289,318
Contractual Maturity Schedule by Major Category of Loans Excluding Fair Value Adjustments	The following is a maturity schedule by major category of loans excluding fair value adjustments at December 31, 2021: (In Thousands) After One Within Year Within After One Year Five Years Five Years Total Consumer Real Estate $ 8,878 $ 35,921 $ 355,631 $ 400,430 Agricultural Real Estate 5,279 5,020 188,486 198,785 Agricultural 66,872 35,126 16,399 118,397 Commercial Real Estate 39,430 308,165 501,086 848,681 Commercial and Industrial 71,042 87,047 50,951 209,040 Consumer 3,202 39,746 14,840 57,788 Other 247 1,631 30,224 32,102 $ 194,950 $ 512,656 $ 1,157,617 $ 1,865,223
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 December 31, 2021 (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 327,529 $ 68,344 Agricultural Real Estate 127,918 70,425 Agricultural 104,269 14,099 Commercial Real Estate 712,755 135,722 Commercial and Industrial 174,633 33,637 Consumer 52,664 5,073 Other 22,102 9,987
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 past due loans by portfolio classification of loans as of December 31, 2021 and 2020, December 31, 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 $ 228 $ - $ 246 $ 474 $ 395,331 $ 395,805 $ - Agricultural Real Estate 436 - - 436 197,597 198,033 - Agricultural - - - - 118,504 118,504 - Commercial Real Estate - - 180 180 846,930 847,110 - Commercial and Industrial 21 131 149 301 239,837 240,138 - Consumer 64 - - 64 57,765 57,829 - Total $ 749 $ 131 $ 575 $ 1,455 $ 1,855,964 $ 1,857,419 $ - 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 portfolio class of loans as of December 31, 2021 and December 31, 2020 (In Thousands) 2021 2020 Consumer Real Estate $ 824 $ 1,546 Agricultural Real Estate 6,477 5,575 Agriculture 20 307 Commercial Real Estate 600 665 Commercial and Industrial 149 1,296 Consumer 6 15 Total $ 8,076 $ 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, based on the most recent analysis performed as of the time periods shown of December 31, 2021 and December 31, 2020. (In Thousands) Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Other 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 1-2 $ 8,720 $ 11,960 $ 4,178 $ 5,093 $ 10,894 $ 11,001 $ 4,604 $ 38,486 $ - $ - 3 42,180 38,306 38,623 23,779 238,132 165,201 46,547 26,515 11,408 4,651 4 129,301 112,465 75,164 63,480 568,038 396,076 152,736 114,108 20,681 11,106 5 4,599 7,478 227 1,577 14,509 4,010 986 3,266 - - 6 13,233 18,617 312 561 15,537 11,366 3,176 4,796 - - 7 - - - - - - - 1,115 - - 8 - - - - - - - - - - Total $ 198,033 $ 188,826 $ 118,504 $ 94,490 $ 847,110 $ 587,654 $ 208,049 $ 188,286 $ 32,089 $ 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 December 31, 2021 and December 31, 2020. (In Thousands) Consumer Real Estate 2021 2020 Grade Pass $ 392,940 $ 171,667 Special mention (5) 1,673 1,284 Substandard (6) 1,192 2,365 Doubtful (7) - - Total $ 395,805 $ 175,316 (In Thousands) Consumer - Credit Card Consumer - Other 2021 2020 2021 2020 Performing $ 3,906 $ 3,660 $ 53,820 $ 48,855 Nonperforming 13 10 90 136 Total $ 3,919 $ 3,670 $ 53,910 $ 48,991
Schedule of Impaired Loans	Information about impaired loans as of and for the years ended December 31, 2021 and 2020 (In Thousands) 2021 2020 Impaired loans without a valuation allowance $ 1,228 $ 5,172 Impaired loans with a valuation allowance 10,711 9,360 Total impaired loans $ 11,939 $ 14,532 Valuation allowance related to impaired loans $ 2,184 $ 1,657 Total nonaccrual loans $ 8,076 $ 9,404 Total loans past-due ninety days or more and still accruing $ - $ - (In Thousands) 2021 2020 2019 Average investment in impaired loans $ 12,247 $ 10,232 $ 2,649 Interest income recognized on impaired loans $ 292 $ 269 $ 118 Interest income recognized on a cash basis on impaired loans $ 188 $ 135 $ 9
Impaired Loans Classified as Troubled Debt Restructured	The following table represents the years ended December 31, 2021 and 2020. December 31, 2021 December 31, 2020 (In thousands) (In thousands) Troubled Debt Restructurings Number of Contracts Modified in the Last 12 Months Pre- Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings Number of Contracts Modified in the Last 12 Months Pre- Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Agricultural Real Estate 1 $ 1,655 $ 1,655 Agricultural Real Estate 2 $ 5,380 $ 5,380 Agricultural - - - Agricultural 1 164 164 Commercial Real Estate 1 382 382 Commercial Real Estate 2 981 981 Commercial and Industrial 1 1,000 1,000 Commercial and Industrial 1 50 50
Loans Individually Evaluated for Impairment by Portfolio Class of Loans	The following tables present loans individually evaluated for impairment by portfolio class of loans as of December 31, 2021 and 2020: (In Thousands) 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 604 $ 604 $ - $ 456 $ 5 $ 15 Agricultural Real Estate 423 423 - 1,000 33 - Agricultural - - - 143 18 3 Commercial Real Estate 180 180 - 1,445 70 9 Commercial and Industrial 21 21 - 920 24 158 Consumer - - - 17 - - With a specific allowance recorded: Consumer Real Estate - - - 59 - - Agricultural Real Estate 6,302 6,406 691 5,414 54 - Agricultural 20 20 1 94 - - Commercial Real Estate 3,381 3,381 664 2,199 70 3 Commercial and Industrial 982 982 825 498 17 - Consumer 26 26 3 2 1 - Totals: Consumer Real Estate $ 604 $ 604 $ - $ 515 $ 5 $ 15 Agricultural Real Estate $ 6,725 $ 6,829 $ 691 $ 6,414 $ 87 $ - Agricultural $ 20 $ 20 $ 1 $ 237 $ 18 $ 3 Commercial Real Estate $ 3,561 $ 3,561 $ 664 $ 3,644 $ 140 $ 12 Commercial and Industrial $ 1,003 $ 1,003 $ 825 $ 1,418 $ 41 $ 158 Consumer $ 26 $ 26 $ 3 $ 19 $ 1 $ - (In Thousands) 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income 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 $ -
Summary of Activities in Allowance for Credit Losses	The following is an analysis of the allowance for credit losses for the years ended December 31: (In Thousands) 2021 2020 2019 Allowance for Loan Losses Balance at beginning of year $ 13,672 $ 7,228 $ 6,775 Provision for loan loss 3,444 6,981 1,138 Loans charged off (1,332 ) (720 ) (841 ) Recoveries 458 183 156 Balance at ending of year $ 16,242 $ 13,672 $ 7,228 Allowance for Unfunded Loan Commitments & Letters of Credit $ 1,041 $ 641 $ 479 Total Allowance for Credit Losses $ 17,283 $ 14,313 $ 7,707
Analysis of Allowance for Credit Losses	Additional analysis related to the allowance for credit losses as of December 31, 2021 and 2020 (In Thousands) 2021 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: Beginning balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Charge Offs (19 ) (105 ) (143 ) - (814 ) (251 ) - - (1,332 ) Recoveries 13 - 14 10 257 164 - - 458 Provision 230 187 137 1,705 1,058 106 - 21 3,444 Other Non-interest expense related to unfunded - - - - - - 400 - 400 Ending Balance $ 857 $ 1,040 $ 709 $ 9,130 $ 3,847 $ 625 $ 1,041 $ 34 $ 17,283 Ending balance: individually evaluated for impairment $ - $ 691 $ 1 $ 664 $ 825 $ 3 $ - $ - $ 2,184 Ending balance: collectively evaluated for impairment $ 857 $ 349 $ 708 $ 8,466 $ 3,022 $ 622 $ 1,041 $ 34 $ 15,099 Ending balance: loans acquired with deteriorated credit quality $ 37 $ - $ - $ - $ - $ - $ - $ - $ 37 FINANCING RECEIVABLES: Ending balance $ 395,805 $ 198,033 $ 118,504 $ 847,110 $ 240,138 $ 57,829 $ - $ - $ 1,857,419 Ending balance: individually evaluated for impairment $ 604 $ 6,725 $ 20 $ 3,561 $ 1,003 $ 26 $ - $ - $ 11,939 Ending balance: collectively evaluated for impairment $ 394,489 $ 191,107 $ 118,484 $ 843,299 $ 238,849 $ 57,803 $ - $ - $ 1,844,031 Ending balance: loans acquired with deteriorated credit quality $ 712 $ 201 $ - $ 250 $ 286 $ - $ - $ - $ 1,449 (In Thousands) 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: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - (8 ) (297 ) (380 ) - - (720 ) Recoveries 9 - - 10 24 140 - - 183 Provision (Credit) 348 644 10 3,779 1,892 295 - 13 6,981 Other Non-interest expense related to unfunded - - - - - - 162 - 162 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

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Major Categories of Banking Premises and Equipment and Accumulated Depreciation	The major categories of banking premises and equipment and accumulated depreciation at December 31 are summarized below: (In Thousands) 2021 2020 Land $ 6,652 $ 6,951 Buildings (useful life 15-39 years) 30,929 30,124 Furnishings (useful life 3-15 years) 23,160 20,947 60,741 58,022 Less: Accumulated depreciation (33,828 ) (30,959 ) Premises and Equipment (Net) $ 26,913 $ 27,063

Servicing (Tables)

Servicing (Tables)	12 Months Ended
	Dec. 31, 2021
Transfers And Servicing [Abstract]
Summary of Mortgage Servicing Rights Capitalized and Amortized	The following summarizes mortgage servicing rights capitalized and amortized during each year: (In Thousands) 2021 2020 Beginning of Year $ 3,320 $ 2,629 Capitalized Additions 1,417 1,722 Amortization (1,166 ) (1,031 ) Valuation Allowance (414 ) - End of Year $ 3,157 $ 3,320

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Time Deposits	Time deposits as of December 31 consist of the following: (In Thousands) 2021 2020 Time deposits under $250,000 $ 397,102 $ 215,515 Time deposits of $250,000 or more 74,377 32,038 $ 471,479 $ 247,553
Scheduled Maturities for Time Deposits	At December 31, 2021 (In 2022 $ 265,696 2023 111,597 2024 59,815 2025 22,176 2026 11,807 Thereafter 388 $ 471,479

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase (Tables)	12 Months Ended
	Dec. 31, 2021
Brokers And Dealers [Abstract]
Daily Securities under Agreement to Repurchase	The table below presents the daily securities sold under agreement to repurchase and the term repurchase agreements. It does not include the Bank’s federal funds purchased. Daily Securities Sold Under Agreement to Repurchase Amount Weighted Maximum Amount Approximate Approximate Outstanding Average Borrowings Average Weighted Average at End Rate End Outstanding Outstanding in Interest Rate of Period (000's) of Period Month End (000's) Period (000's) For the Period 2021 $ 1,062 0.70 % $ 1,991 $ 1,514 0.43 % 2020 $ 1,899 1.08 % $ 2,568 $ 1,765 1.00 % Term CD's Sold Under Agreement to Repurchase Amount Weighted Maximum Amount Approximate Approximate Outstanding Average Borrowings Average Weighted Average at End Rate End Outstanding Outstanding in Interest Rate of Period (000's) of Period Month End (000's) Period (000's) For the Period 2021 $ 28,206 1.00 % $ 28,362 $ 28,315 2.56 % 2020 $ 28,340 1.00 % $ 29,261 $ 28,379 2.52 %
Schedule of Remaining Contractual Maturity in Repurchase Agreements and Collateral Pledged	The table below shows the remaining contractual maturity in the repurchase agreements and the collateral pledged as of December 31, 2021. December 31, 2021 Remaining Contractual Maturity of the Agreements Overnight & Continuous Up to 30 days 30-90 days Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,062 - 3,900 24,306 29,268 Total $ 1,062 $ - $ 3,900 $ 24,306 $ 29,268

Borrowings and Subordinated N_2

Borrowings and Subordinated Notes (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Maturities of Borrowings Exclusive of Fair Value	The table below shows the maturities of the borrowings exclusive of the fair value. (In Thousands) 2022 $ 1,388 2023 1,500 2024 17,500 2025 1,500 2026 - Thereafter 1,980 Total $ 23,868
Schedule of Subordinated Notes	December 31, 2021 December 31, 2020 (In Thousands) Principal Unamortized Note Issuance Costs Principal Unamortized Note Issuance Costs Subordinated Notes $ 35,000 $ (529 ) $ - $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) for the years ended December 31 are as follows: (In Thousands) 2021 2020 2019 Current: Federal $ 7,536 $ 6,289 $ 4,005 State 271 513 63 Total current 7,807 6,802 4,068 Deferred: Federal (1,746 ) (1,596 ) 227 State (59 ) (95 ) 65 Total deferred (1,805 ) (1,691 ) 292 Total Income Tax $ 6,002 $ 5,111 $ 4,360
Reconciliation of the Statutory Federal Income Tax Rate to the Effective Tax Rate	The following is a reconciliation of the statutory federal income tax rate to the effective tax rate: (In Thousands) 2021 2020 2019 Federal income tax at statutory rates $ 6,194 $ 5,294 $ 4,780 (Decrease) increase resulting from: State income tax, net of federal benefit 167 330 101 Tax exempt interest (116 ) (146 ) (170 ) Section 831 deduction (294 ) (266 ) (268 ) Other 51 (101 ) (83 ) Total Income Tax $ 6,002 $ 5,111 $ 4,360
Components of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities at December 31 are comprised of the following: (In Thousands) 2021 2020 Deferred Tax Assets: Allowance for loan losses $ 3,629 $ 3,128 Deferred compensation 561 537 Net unrealized loss on available-for-sale securities 846 - Fair value adjustments 1,913 - Other 277 142 Total deferred tax assets 7,226 3,807 Deferred Tax Liabilities: Accreted discounts on bonds 22 4 Depreciation 772 878 FHLB stock dividends 828 481 Intangible amortization 1,282 1,144 Mortgage servicing rights 778 725 Net unrealized gain on available-for-sale securities - 1,514 Prepaids 471 525 Other 173 5 Total deferred tax liabilities 4,326 5,276 Net Deferred Tax Asset (Liability) $ 2,900 $ (1,469 )

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Summary of Restricted Shares Issued, Vested and Forfeited	The table below summarizes the details of the restricted shares issued, vested, and forfeited for the years ending December 31, 2021, 2020 and 2019. Year Ended December 31, 2021 2020 2019 Number of Shares Number of Employees Number of Shares Number of Employees Number of Shares Number of Employees Restricted shares issued 48,750 96 37,382 92 38,100 94 Restricted shares vested 18,845 50 23,491 58 26,070 63 Restricted shares awarded due to retirement 4,425 7 10,890 8 14,300 3 Restricted shares awarded for other - - 1,050 1 - - Restricted shares forfeited 2,575 4 2,175 5 3,220 4
Activity of Restricted Stock Awards	The following table summarizes the activity of restricted stock awards as of December 31: Year Ended December 31, 2021 2020 2019 Number of Shares Weighted average fair value per award Number of Shares Weighted average fair value per award Number of Shares Weighted average fair value per award Beginning of period 88,226 $ 28.40 88,450 $ 31.52 93,940 $ 29.87 Granted 48,750 22.70 37,382 21.80 38,100 25.14 Vested (23,270 ) 42.03 (35,431 ) 29.27 (40,370 ) 21.76 Forfeited (2,575 ) 24.28 (2,175 ) 21.92 (3,220 ) 30.12 Nonvested, end of period 111,131 $ 23.02 88,226 $ 28.40 88,450 $ 31.52

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Calculation of Basic Earnings Per Share	The table below presents basic and diluted earnings per share for the years ended December 31, 2021, 2020, and 2019. Year Ended December 31, December 31, December 31, 2021 2020 2019 Earnings per share Net income $ 23,495 $ 20,095 $ 18,402 Less: distributed earnings allocated to participating securities (70 ) (57 ) (51 ) Less: undistributed earnings allocated to participating securities (121 ) (96 ) (87 ) Net earnings available to common shareholders $ 23,304 $ 19,942 $ 18,264 Weighted average common shares outstanding including participating securities 11,664,852 11,146,270 11,113,810 Less: average unvested restricted shares (94,634 ) (84,879 ) (83,369 ) Weighted average common shares outstanding 11,570,218 11,061,391 11,030,441 Basic and diluted earnings per share $ 2.01 $ 1.80 $ 1.66

Off Balance Sheet Activities (T

Off Balance Sheet Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk	At December 31, 2021 and 2020 (In Thousands) 2021 2020 Commitments to extend credit $ 557,094 $ 456,299 Credit card arrangements 23,179 22,903 Standby letters of credit 983 2,021

Minimum Regulatory Capital Re_2

Minimum Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Banks [Abstract]
Summary of Bank's Actual and Required Capital Amounts and Ratios	The Bank’s actual and required capital amounts and ratios as of December 31, 2021 Actual Minimum Capital Required Required to be Considered Well-Capitalized (000's) (000's) (000's) As of December 31, 2021 Amount Ratio Amount Ratio Amount Ratio Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 256,943 14.26 % $ 81,074 4.50 % $ 117,112 6.50 % Total Risk-Based Capital (to Risk Weighted Assets) 274,226 15.22 % 144,138 8.00 % 180,173 10.00 % Tier 1 Capital (to Risk Weighted Assets) 256,943 14.26 % 108,104 6.00 % 144,138 8.00 % Tier 1 Leverage Capital (to Adjusted Total Assets) 256,943 10.25 % 100,317 4.00 % 125,396 5.00 % Actual Minimum Capital Required Required to be Considered Well-Capitalized (000's) (000's) (000's) As of December 31, 2020 Amount Ratio Amount Ratio Amount Ratio Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 164,322 11.63 % $ 63,542 4.50 % $ 91,783 6.50 % Total Risk-Based Capital (to Risk Weighted Assets) 178,635 12.64 % 113,032 8.00 % 141,290 10.00 % Tier 1 Capital (to Risk Weighted Assets) 164,322 11.63 % 84,774 6.00 % 113,032 8.00 % Tier 1 Leverage Capital (to Adjusted Total Assets) 164,322 9.08 % 72,419 4.00 % 90,524 5.00 %

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Estimated Fair Values and Related Carrying or Notional Amounts	T he estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of December 31, 2021 and 2020, are reflected below. The aggregate fair values in the table below do not represent the total market value of the Bank’s assets and liabilities. The table excludes the following: Bank Premises and Equipment, Goodwill, Mortgage Servicing Rights, Other Real Estate Owned, Other Assets, Other Liabilities and Accrued Expenses. (In Thousands) December 31, 2021 December 31, 2020 Carrying Fair Carrying Fair Amount Value Level 1 Level 2 Level 3 Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 180,823 $ 180,832 $ 180,823 $ - $ - $ 175,706 $ 175,706 $ 175,706 $ - $ - Interest-bearing time deposits 10,913 10,933 - 10,933 - 4,653 4,677 - 4,677 - Securities - available-for-sale 429,931 429,931 89,177 335,981 4,773 307,812 307,812 - 306,250 1,562 Other securities 8,162 8,162 - - 8,162 5,939 5,939 - - 5,939 Loans held for sale 7,714 7,844 - - 7,844 7,740 7,740 - - 7,740 Loans, net 1,841,177 1,864,386 - - 1,864,386 1,289,318 1,261,440 - - 1,261,440 Interest receivable 7,209 7,209 - - 7,209 6,188 6,188 - - 6,188 Financial Liabilities: Interest bearing deposits $ 1,248,294 $ 1,248,044 $ - $ - $ 1,248,044 $ 997,462 $ 1,004,608 $ - $ - $ 1,004,608 Noninterest bearing deposits 473,689 473,689 - 473,689 - 351,147 351,147 - 351,147 - Time deposits 471,479 475,810 - - 475,810 247,553 250,135 - - 250,135 Total Deposits 2,193,462 2,197,543 - 473,689 1,723,854 1,596,162 1,605,890 - 351,147 1,254,743 Fed funds purchased and securities sold under agreement to repurchase 29,268 29,268 - - 29,268 30,239 30,239 - - 30,239 Federal Home Loan Bank advances 24,065 24,305 - - 24,305 17,861 17,872 - - 17,872 Other borrowings 40,000 40,000 - 40,000 - - - - - - Subordinated notes 34,471 35,000 - 35,000 - - - - - - Interest payable 1,125 1,125 - - 1,125 338 338 - - 338
Financial Assets Measured at Fair Value on Recurring Basis	The following table summarizes financial assets measured at fair value on a recurring basis as of December 31, 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) Quoted Prices in Significant Significant Active Markets Observable Observable for Identical Inputs Inputs December 31, 2021 Assets (Level 1) (Level 2) (Level 3) Assets-(Securities Available-for-Sale) U.S. Treasury $ 89,177 $ - $ - U.S. Government agencies - 156,886 - Mortgage-backed securities - 117,927 - State and local governments - 61,168 4,773 Total Securities Available-for-Sale $ 89,177 $ 335,981 $ 4,773 Quoted Prices in Significant Significant Active Markets Observable Observable for Identical Inputs Inputs December 31, 2020 Assets (Level 1) (Level 2) (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	(In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local State and Local State and Local Governments Governments Governments Tax-Exempt Taxable Total Balance at January 1, 2021 $ - $ 1,562 $ 1,562 Change in Market Value 44 (96 ) (52 ) Purchases 2,418 1,000 3,418 Sales - - - Payments & Maturities (155 ) - (155 ) Balance at December 31, 2021 $ 2,307 $ 2,466 $ 4,773 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local State and Local State and Local Governments Governments Governments Tax-Exempt Taxable Total Balance at January 1, 2020 $ - $ 1,490 $ 1,490 Change in Market Value - 72 72 Purchases - - - Sales - - - Payments & Maturities - - - Balance at December 31, 2020 $ - $ 1,562 $ 1,562
Collateral Dependent Impaired Loans and Other Real Estate	The following table presents collateral dependent impaired loans and other real estate owned as recorded at fair value: ($ in Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2021 Quoted Prices in Markets for Significant Significant Balance at Identical Observable Inputs Unobservable Inputs December 31, 2021 Assets (Level 1) (Level 2) (Level 3) Collateral dependent impaired loans $ 8,527 $ - $ - $ 8,527 Mortgage servicing rights 3,157 - - 3,157 Other real estate owned - residential 99 - - 99 ($ in Thousands) Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020 Quoted Prices in Markets for Significant Significant Balance at Identical Observable Inputs Unobservable Inputs December 31, 2020 Assets (Level 1) (Level 2) (Level 3) Collateral dependent impaired loans $ 7,703 $ - $ - $ 7,703 Mortgage servicing rights - - - - Other real estate owned - residential - - - -
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) Fair Value at December 31, 2021 Valuation Technique Unobservable Inputs Range (Weighted Average) State and local government $ 4,773 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 0.21-1.77% (1.33%) Collateral dependent impaired loans 8,527 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 20.00-53.95% (34.78%) Mortgage servicing rights 3,157 Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate 1.94-27.70% (18.44%) Other real estate owned - residential 99 Appraisals Discount to reflect current market 32.72% (32.72%) (In Thousands) Fair Value at December 31, 2020 Valuation Technique Unobservable Inputs Range (Weighted 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%) Mortgage servicing rights - Discounted Cash Flow Constant prepayment rate and probability of default / Discount rate — % ( — ) Other real estate owned - residential - Appraisals Discount to reflect current market — % ( — )

Condensed Financial Statement_2

Condensed Financial Statements of Parent Company (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Balance Sheets	Balance Sheets (In Thousands) 2021 2020 Assets Cash $ 19,293 $ 5,763 Interest-bearing time deposits 1,234 1,727 Related party receivables: Dividends and accounts receivable from subsidiary 4,636 3,380 Accrued interest receivable - municipals / interest bearing time deposits 43 91 Securities - municipals 9,027 17,885 Investment in subsidiaries 340,733 222,423 Total Assets $ 374,966 $ 251,269 Liabilities Other borrowings $ 40,000 $ - Subordinated notes, net of unamortized issuance costs 34,471 - Dividends payable 2,461 1,889 Accrued interest payable 743 - Accrued expenses 124 220 Total Liabilities 77,799 2,109 Stockholders' Equity 297,167 249,160 Total Liabilities and Stockholders' Equity $ 374,966 $ 251,269
Schedule of Condensed Income and Comprehensive Income Statements	Statements of Income and Comprehensive Income (In Thousands) 2021 2020 2019 Income Dividends from subsidiaries $ 23,200 $ 8,800 $ 13,137 Interest - municipals / interest-bearing time deposits 253 382 374 Loss on sales of available-for-sale securities 293 - - Total income 23,746 9,182 13,511 Expenses Interest 743 - - Operating expenses 1,335 923 999 Total expenses 2,078 923 999 Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries 21,668 8,259 12,512 Income Taxes (Benefit) (347 ) (184 ) (166 ) 22,015 8,443 12,678 Equity in undistributed earnings of subsidiaries 1,480 11,652 5,724 Net Income 23,495 20,095 18,402 Other Comprehensive Income (Loss): Unrealized gains (losses) on securities, net of taxes (8,881 ) 4,599 4,112 Comprehensive Income $ 14,614 $ 24,694 $ 22,514
Schedule of Condensed Cash Flow Statement	Statements of Cash Flows (In Thousands) 2021 2020 2019 Cash Flows from Operating Activities Net income $ 23,495 $ 20,095 $ 18,402 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income (1,480 ) (11,652 ) (5,724 ) Amortization of premiums on available-for-sale securities, net 81 154 99 Amortization of subordinated notes issuance fees 49 - - Stock-based compensation expense 822 1,024 1,088 Director stock awards 73 48 - Gain on sale of available-for-sale securities (293 ) - - Changes in assets and liabilities: Other assets and liabilities (456 ) 1,742 (2,692 ) Net cash provided by operating activities 22,291 11,411 11,173 Cash Flows from Investing Activities Activity in available-for-sale securities: Maturities, prepayments and calls 795 385 7,060 Sales 7,773 - 500 Purchases - (745 ) (11,453 ) Maturities of certificates of deposit 493 - - Cash used for acquisitions (79,235 ) - - Net cash used in investing activities (70,174 ) (360 ) (3,893 ) Cash Flows from Financing Activities Proceeds of other borrowings 35,000 - - Purchase of treasury stock (338 ) (383 ) (381 ) Proceeds from issuance of subordinated notes 34,421 - - Payment of dividends (7,670 ) (7,186 ) (6,345 ) Net cash provided by (used in) financing activities 61,413 (7,569 ) (6,726 ) Net Change in Cash and Cash Equivalents 13,530 3,482 554 Cash and Cash Equivalents - Beginning of year 5,763 2,281 1,727 Cash and Cash Equivalents - End of year $ 19,293 $ 5,763 $ 2,281

Quarterly Financial Data (Table

Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Summary of Quarterly Financial Data	Quarterly Financial Data - UNAUDITED Quarter Ended in 2021 Mar 31 June 30 Sep 30 Dec 31 Summary of Income: Interest income $ 16,765 $ 17,530 $ 20,122 $ 22,423 Interest expense 1,728 1,554 1,672 2,388 Net Interest Income 15,037 15,976 18,450 20,035 Provision for loan loss 1,700 641 659 444 Net interest income after provision of loan loss 13,337 15,335 17,791 19,591 Other income (expense) (7,368 ) (9,033 ) (10,247 ) (9,909 ) Net income before income taxes 5,969 6,302 7,544 9,682 Income taxes 1,060 1,319 1,624 1,999 Net income $ 4,909 $ 4,983 $ 5,920 $ 7,683 Earnings per Common Share $ 0.44 $ 0.44 $ 0.53 $ 0.59 Average common shares outstanding 11,197,012 11,191,043 11,209,732 13,046,299 Quarter Ended in 2020 Mar 31 June 30 Sep 30 Dec 31 Summary of Income: Interest income $ 17,464 $ 17,273 $ 17,293 $ 18,139 Interest expense 3,411 2,698 2,269 2,015 Net Interest Income 14,053 14,575 15,024 16,124 Provision for loan loss 1,430 1,569 1,987 1,995 Net interest income after provision for loan loss 12,623 13,006 13,037 14,129 Other income (expense) (7,546 ) (7,041 ) (7,340 ) (5,662 ) Net income before income taxes 5,077 5,965 5,697 8,467 Income taxes 972 1,161 1,287 1,691 Net income $ 4,105 $ 4,804 $ 4,410 $ 6,776 Earnings per Common Share $ 0.37 $ 0.43 $ 0.40 $ 0.60 Average common shares outstanding 11,134,870 11,129,341 11,142,797 11,177,765

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Nov. 30, 2021	Dec. 31, 2020
Summary Of Significant Accounting Policies [Line Items]
Period for federal funds sold outstanding	1 day
Loan non-accrual classification period	90 days
Days to charged consumer loans to the value of the collateral	90 days
Maximum time for re-evaluation (in months)	12 months
Re-evaluation period for real estate	2 years
Amount of fair value of capital over carrying value		$ 48,800,000
Percentage of fair value of capital over carrying value		14.50%
Number of times fair value of capital in excess of carrying value of goodwill description	over 60%
Other real estate owned	$ 159,000		$ 71,000
Percentage of likelihood of realization of recognized tax benefit, minimum	50.00%
Amount of reclassification effect	$ 0
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Maturity period of cash equivalents	3 months

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Components of Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease [Abstract]
Net unrealized gain (loss) on available-for-sale securities	$ (10,948)	$ 6,091	$ 5,179
Reclassification adjustment for (gain) loss on sale of available-for-sale securities	(293)	(270)	26
Net unrealized gain (loss) on available-for-sale securities	(11,241)	5,821	5,205
Tax expense (benefit)	(2,360)	1,222	1,093
Other comprehensive income (loss)	$ (8,881)	$ 4,599	$ 4,112

Business Combination & Asset _3

Business Combination & Asset Purchase - Additional Information (Detail)	Oct. 01, 2021USD ($)Office$ / sharesshares	Apr. 30, 2021USD ($)Office$ / sharesshares	Nov. 16, 2020USD ($)shares	Jan. 01, 2019USD ($)Office$ / sharesshares	Dec. 31, 2021USD ($)Loanshares	Sep. 30, 2021Loan	Jun. 30, 2019Loan	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Nov. 30, 2020USD ($)Client
Business Acquisition [Line Items]
Common stock, shares outstanding | shares					14,063,999			14,063,999	12,230,000
Remaining economic useful life								7 years
Goodwill					$ 80,434,000			$ 80,434,000	$ 47,340,000
Amortization expense								677,000	720,000	$ 727,000
Custar
Business Acquisition [Line Items]
Amortization expense									160,000	167,000
Customer Lists [Member]
Business Acquisition [Line Items]
Amortization expense								123,000	16,000
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office	1
Common stock issued in exchange of each outstanding share	1.7766
Cash payment for exchange of each share | $ / shares	$ 41.20
Business acquisition share owned subject to adjustment | shares	1,833,999
Common stock, shares outstanding | shares	2,470,032
Share price | $ / shares	$ 22.40
Total consideration for acquisition	$ 100,312,000
Cash paid for acquisition	59,234,000							59,234,000
Stock issued for acquisition	41,078,000
Business combination, acquisition related costs								1,700,000
Goodwill	25,220,000
Fair value of assets acquired					334,700,000			334,700,000
Gross principal and contractual interest					403,300,000			403,300,000
Acquisition expected to be uncollectible					5,600,000			$ 5,600,000
Loan receivable weighted average life								52 months
Business combination, premises and equipment written down value								$ 4,000
Business combination, average remaining life								16 years 2 months 12 days
Fair value for certificate of deposit, valuation amount					3,900,000			$ 3,900,000
Fair value for certificate of deposit, amortization period								1 year 7 months 6 days
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount					218,000			$ 218,000
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period								2 years 7 months 6 days
Fair value adjustment of loans acquired and accounted	$ 237,200				$ 189,800			$ 189,800
Number of commercial purchased credit impaired loans paid off | Loan					2
Number of consumer purchased credit impaired loans paid off | Loan					1
Discount recognized at acquisition related to commercial purchased credit-impaired loans								47,400
Business acquisition, number of shares issued to purchase assets | shares	1,833,845
Fair value of assets acquired					$ 334,700,000			334,700,000
Acquisition expected to be uncollectible					5,600,000			5,600,000
Perpetual Federal Savings Bank [Member] | Building [Member]
Business Acquisition [Line Items]
Business combination, premises and equipment written down value								297,000
Perpetual Federal Savings Bank [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 668,000
Remaining economic useful life	7 years
Perpetual Federal Savings Bank [Member] | Employee Benefits [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								131,500
Perpetual Federal Savings Bank [Member] | Data Processing [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								444,900
Perpetual Federal Savings Bank [Member] | Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								636,800
Perpetual Federal Savings Bank [Member] | Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								488,300
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
Cash paid for acquisition		20,001,000
Goodwill		7,874,000
Fair value of assets acquired					52,400,000			52,400,000
Gross principal and contractual interest					63,700,000			63,700,000
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
Fair value adjustment of loans acquired and accounted		$ 324,800			320,600			$ 320,600
Discount recognized at acquisition related to commercial purchased credit-impaired loans								4,200
Goodwill deductible for tax purpose, period		15 years
Number of agricultural real purchased credit impaired loans paid off | Loan						2
Fair value of assets acquired					52,400,000			52,400,000
Acquisition expected to be uncollectible					1,100,000			1,100,000
Ossian Financial Services, Inc. [Member] | Building [Member]
Business Acquisition [Line Items]
Business combination, premises and equipment written down value								244,000
Ossian Financial Services, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 980,200
Remaining economic useful life		7 years
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Cash paid for acquisition								20,001,000
Business combination, acquisition related costs								2,200,000	42,500
Ossian Financial Services, Inc. [Member] | Employee Benefits [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								694,100
Ossian Financial Services, Inc. [Member] | Data Processing [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								938,900
Ossian Financial Services, Inc. [Member] | Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								255,200	12,500
Ossian Financial Services, Inc. [Member] | Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								255,000	30,000
Ossian Financial Services, Inc. [Member] | ATM Expense [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs								13,800
Bank of Geneva [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office				6
Bank of Geneva [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase				$ 3,900,000
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
Share price | $ / shares				$ 38.49
Total consideration for acquisition				$ 78,902,000
Cash paid for acquisition				8,465,000						8,465,000
Stock issued for acquisition				70,437,000
Business combination, acquisition related costs										1,280,000	$ 742,100
Goodwill				43,266,000
Fair value of assets acquired					257,200,000			257,200,000
Gross principal and contractual interest					359,200,000			359,200,000
Acquisition expected to be uncollectible					4,700,000			$ 4,700,000
Loan receivable weighted average life								70 months
Business combination, premises and equipment written down value								$ 1,200,000
Business combination, average remaining life								16 years 9 months
Fair value for certificate of deposit, valuation amount					500,000			$ 500,000
Fair value for certificate of deposit, amortization period								1 year 6 months
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount					1,300,000			$ 1,300,000
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period								2 years 3 months 18 days
Fair value adjustment of loans acquired and accounted				$ 2,118,000					$ 0	62,000
Number of commercial purchased credit impaired loans paid off | Loan							2
Discount recognized at acquisition related to commercial purchased credit-impaired loans										1,985,000
Business acquisition, number of shares issued to purchase assets | shares				1,830,000
Business combination, acquisition related costs percentage											98.40%
Fair value of assets acquired					257,200,000			$ 257,200,000
Acquisition expected to be uncollectible					$ 4,700,000			$ 4,700,000
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
Limberlost Bancshares, Inc. [Member] | Employee Benefits [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs										163,000
Limberlost Bancshares, Inc. [Member] | Data Processing [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs										867,600	$ 58,600
Limberlost Bancshares, Inc. [Member] | Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs										19,300	340,000
Limberlost Bancshares, Inc. [Member] | Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs										199,800	$ 331,500
Limberlost Bancshares, Inc. [Member] | ATM Expense [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs										$ 31,400
Adams County Financial Resources [Member]
Business Acquisition [Line Items]
Total consideration for acquisition			$ 825,000
Stock issued for acquisition			$ 825,000
Business acquisition, number of shares issued to purchase assets | shares			40,049
Assets under management amount												$ 83,000,000
Number of clients assets under management | Client												450
Adams County Financial Resources [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase			$ 800,000
Remaining economic useful life			6 years 6 months

Business Combination & Asset _4

Business Combination & Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Detail) - USD ($) $ in Thousands	Oct. 01, 2021	Apr. 30, 2021	Nov. 16, 2020	Jan. 01, 2019	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2020
Assets
Goodwill					$ 80,434		$ 47,340
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Cash	$ 59,234				$ 59,234
Common Shares	41,078
Total	100,312
Assets
Cash and cash equivalents	44,975
Federal funds sold	1,672
Interest-bearing time deposits	6,250
Other securities, at cost	2,794
Loans, net	334,661
Premises and equipment	615
Goodwill	25,220
Other assets	3,975
Total Assets Purchased	420,162
Deposits
Noninterest bearing	2,018
Interest bearing	309,090
Total deposits	311,108
Federal Home Loan Bank (FHLB) advances	6,218
Accrued expenses and other liabilities	2,524
Total Liabilities Assumed	$ 319,850
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Cash		$ 20,001
Total		20,001
Assets
Cash and cash equivalents		20,229
Interest-bearing time deposits		20,226
Securities - available-for-sale		30,243
Other securities, at cost		281
Loans, net		52,403
Premises and equipment		494
Goodwill		7,874
Other assets		5,308
Total Assets Purchased		137,058
Deposits
Noninterest bearing		34,509
Interest bearing		81,535
Total deposits		116,044
Accrued expenses and other liabilities		1,013
Total Liabilities Assumed		$ 117,057
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Cash				$ 8,465		$ 8,465
Common Shares				70,437
Total				78,902
Assets
Cash and cash equivalents				6,376
Securities - available-for-sale				17,494
Other securities, at cost				2,347
Loans, net				257,183
Premises and equipment				2,538
Goodwill				43,266
Other assets				7,176
Total Assets Purchased				336,380
Deposits
Noninterest bearing				37,822
Interest bearing				168,312
Total deposits				206,134
Federal Home Loan Bank (FHLB) advances				48,196
Accrued expenses and other liabilities				3,148
Total Liabilities Assumed				$ 257,478
Adams County Financial Resources [Member]
Business Acquisition [Line Items]
Common Shares			$ 825
Total			825
Assets
Premises and equipment			25
Customer list intangible			800
Total Assets Purchased			$ 825

Business Combination & Asset _5

Business Combination & Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Parenthetical) (Detail) - shares	Oct. 01, 2021	Nov. 16, 2020	Jan. 01, 2019
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share	1,833,845
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share			1,830,000
Adams County Financial Resources [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share		40,049

Business Combination & Asset _6

Business Combination & Asset Purchase - Summary of Carrying Amount of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Oct. 01, 2021	Apr. 30, 2021	Dec. 31, 2019	Jan. 01, 2019
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 510	$ 728
Perpetual Federal Savings Bank [Member] | Consumer Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	581	608
Perpetual Federal Savings Bank [Member] | Agricultural Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	114	118
Perpetual Federal Savings Bank [Member] | Commercial Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	5	234
Perpetual Federal Savings Bank [Member] | Consumer [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment		$ 5
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	208		$ 1,309
Ossian Financial Services, Inc. [Member] | Consumer Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	22		24
Ossian Financial Services, Inc. [Member] | Agricultural Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment			981
Ossian Financial Services, Inc. [Member] | Commercial Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	222		315
Ossian Financial Services, Inc. [Member] | Commercial and Industrial [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 285		$ 314
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment				$ 44	$ 2,278
Limberlost Bancshares, Inc. [Member] | Consumer Real Estate [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment					231
Limberlost Bancshares, Inc. [Member] | Consumer [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment					71
Limberlost Bancshares, Inc. [Member] | Commercial [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment				$ 106	$ 4,094

Business Combination & Asset _7

Business Combination & Asset Purchase - Summary of Carrying Amount of Loans (Parenthetical) (Detail) - USD ($)	Dec. 31, 2021	Oct. 01, 2021	Apr. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Fair value adjustment	$ 189,800	$ 237,200
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Fair value adjustment	$ 320,600		$ 324,800
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Fair value adjustment				$ 0	$ 62,000	$ 2,118,000

Business Combination & Asset _8

Business Combination & Asset Purchase - Summary of Loans Acquired and Contractually Required Payments Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2019
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Total required payments receivable	$ 1,407
Cash flows expected to be collected at acquisition	728
Basis in acquired loans at acquisition	965
Ossian Financial Services, Inc. [Member]
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
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable		$ 4,570
Cash flows expected to be collected at acquisition		2,788
Basis in acquired loans at acquisition		4,396
Consumer Real Estate [Member] | Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Total required payments receivable	962
Consumer Real Estate [Member] | Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable	28
Consumer Real Estate [Member] | Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable		261
Agricultural Real Estate [Member] | Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Total required payments receivable	146
Agricultural Real Estate [Member] | Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable	1,142
Commercial Real Estate [Member] | Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Total required payments receivable	293
Commercial Real Estate [Member] | Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable	527
Consumer [Member] | Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Total required payments receivable	6
Consumer [Member] | Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable		94
Commercial and Industrial [Member] | Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable	$ 360
Commercial [Member] | Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Total required payments receivable		$ 4,215

Business Combination & Asset _9

Business Combination & Asset Purchase - Summary of Changes in Accretable Yield or Income Expected to be Collected (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
Additions	$ 5,592
Accretion	(330)
Ending Balance	5,262
Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
Additions	762
Accretion	(117)
Ending Balance	645
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Beginning Balance	1,653	$ 2,021
Additions	17	3
Accretion	(431)	(427)
Reclassification from nonaccretable difference		62
Disposals	(41)	(6)
Ending Balance	$ 1,198	$ 1,653

Business Combination & Asset_10

Business Combination & Asset Purchase - Schedule of Pro-forma Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of Operations
Net Interest Income - Before Provision for Loan Losses	$ 78,064	$ 74,378	$ 70,313
Provision for Loan Losses	3,445	6,893	1,400
Net Interest Income After Provision for Loan Losses	74,619	67,485	68,913
Noninterest Income	18,548	17,282	12,350
Noninterest Expense	54,540	51,890	48,686
Income Before Income Taxes	38,627	32,877	32,577
Income Taxes	7,712	6,475	6,696
Net Income	$ 30,915	$ 26,402	$ 25,881
Basic and Diluted Earnings Per Share	$ 2.65	$ 2.28	$ 2.24

Business Combination & Asset_11

Business Combination & Asset Purchase - Schedule of Future Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Core Deposits [Member]
Business Acquisition [Line Items]
2022	$ 795
2023	795
2024	795
2025	795
2026	235
Thereafter	356
Total	3,771
Core Deposits [Member] | Geneva [Member]
Business Acquisition [Line Items]
2022	560
2023	560
2024	560
2025	560
Total	2,240
Core Deposits [Member] | Ossian Financial Services, Inc. [Member]
Business Acquisition [Line Items]
2022	140
2023	140
2024	140
2025	140
2026	140
Thereafter	187
Total	887
Core Deposits [Member] | Perpetual Federal Savings Bank [Member]
Business Acquisition [Line Items]
2022	95
2023	95
2024	95
2025	95
2026	95
Thereafter	169
Total	644
Customer Lists [Member]
Business Acquisition [Line Items]
2022	123
2023	123
2024	123
2025	123
2026	123
Thereafter	47
Total	$ 662

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 433,962	$ 300,602
Gross Unrealized Gains	3,032	7,350
Gross Unrealized Losses	(7,063)	(140)
Fair Value	429,931	307,812
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	90,775
Gross Unrealized Losses	(1,598)
Fair Value	89,177
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	159,673	122,514
Gross Unrealized Gains	695	1,857
Gross Unrealized Losses	(3,482)	(130)
Fair Value	156,886	124,241
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	118,550	110,828
Gross Unrealized Gains	839	2,228
Gross Unrealized Losses	(1,462)
Fair Value	117,927	113,056
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	64,964	67,260
Gross Unrealized Gains	1,498	3,265
Gross Unrealized Losses	(521)	(10)
Fair Value	$ 65,941	$ 70,515

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Realized gains and losses on sales	$ 9.3	$ 11.8	$ 11.1
Investments pledged, carrying value	$ 115	$ 83.2
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	Dec. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (4,842)	$ (140)
Fair Value, Less Than Twelve Months	256,800	51,893
Gross Unrealized Losses, Twelve Months and Over	(2,221)
Fair Value, Twelve Months and Over	63,659
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,598)
Fair Value, Less Than Twelve Months	89,177
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,898)	(130)
Fair Value, Less Than Twelve Months	86,739	48,331
Gross Unrealized Losses, Twelve Months and Over	(1,584)
Fair Value, Twelve Months and Over	41,738
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,050)
Fair Value, Less Than Twelve Months	63,157
Gross Unrealized Losses, Twelve Months and Over	(412)
Fair Value, Twelve Months and Over	16,434
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(296)	(10)
Fair Value, Less Than Twelve Months	17,727	$ 3,562
Gross Unrealized Losses, Twelve Months and Over	(225)
Fair Value, Twelve Months and Over	$ 5,487

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Available For Sale Securities Gross Realized Gain Loss [Abstract]
Gross realized gains	$ 293	$ 270	$ 16
Gross realized losses			(42)
Net realized gains (losses)	293	270	(26)
Tax expense (benefit) related to net realized gains (losses)	$ 62	$ 57	$ (5)

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 9,413
Amortized Cost, After one year through five years	149,169
Amortized Cost, After five years through ten years	156,830
Amortized Cost, Total	315,412
Amortized Cost, Mortgage-backed securities	118,550
Amortized Cost	433,962	$ 300,602
Fair Value, One year or less	9,458
Fair Value, After one year through five years	148,405
Fair Value, After five years through ten years	154,141
Fair Value, Total	312,004
Fair Value, Mortgage-backed securities	117,927
Total, Fair Value	$ 429,931	$ 307,812

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 7,714,000	$ 7,740,000
Loans	1,859,157,000	1,305,473,000
Allowance for loan losses	16,242,000	13,672,000	$ 7,228,000	$ 6,775,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	208,270,000	189,246,000
Allowance for loan losses	0
Commercial and Industrial [Member] | PPP Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 2,900,000	$ 36,200,000

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans:
Loans - Gross	$ 1,859,157,000	$ 1,305,473,000
Less: Net deferred loan fees and costs	(1,738,000)	(2,483,000)
Loans after net deferred loan fees and costs	1,857,419,000	1,302,990,000
Less: Allowance for loan losses	(16,242,000)	(13,672,000)	$ (7,228,000)	$ (6,775,000)
Loans - Net	1,841,177,000	1,289,318,000
Consumer Real Estate [Member]
Loans:
Loans - Gross	395,873,000	175,588,000
Loans after net deferred loan fees and costs	395,805,000	175,316,000
Agricultural Real Estate [Member]
Loans:
Loans - Gross	198,343,000	189,159,000
Loans after net deferred loan fees and costs	198,033,000	188,826,000
Agricultural [Member]
Loans:
Loans - Gross	118,368,000	94,358,000
Loans after net deferred loan fees and costs	118,504,000	94,490,000
Commercial Real Estate [Member]
Loans:
Loans - Gross	848,477,000	588,825,000
Loans after net deferred loan fees and costs	847,110,000	587,654,000
Commercial and Industrial [Member]
Loans:
Loans - Gross	208,270,000	189,246,000
Loans after net deferred loan fees and costs	208,049,000	188,286,000
Less: Allowance for loan losses	0
Consumer [Member]
Loans:
Loans - Gross	57,737,000	52,540,000
Loans after net deferred loan fees and costs	57,829,000	52,661,000
Other Loan [Member]
Loans:
Loans - Gross	32,089,000	15,757,000
Loans after net deferred loan fees and costs	$ 32,089,000	$ 15,757,000

Loans - Contractual Maturity Sc

Loans - Contractual Maturity Schedule by Major Category of Loans Excluding Fair Value Adjustments (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	$ 1,865,223
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	400,430
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	198,785
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	118,397
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	848,681
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	209,040
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	57,788
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	32,102
Major Category Of Receivables Due Within One Year [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	194,950
Major Category Of Receivables Due Within One Year [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	8,878
Major Category Of Receivables Due Within One Year [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	5,279
Major Category Of Receivables Due Within One Year [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	66,872
Major Category Of Receivables Due Within One Year [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	39,430
Major Category Of Receivables Due Within One Year [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	71,042
Major Category Of Receivables Due Within One Year [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	3,202
Major Category Of Receivables Due Within One Year [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	247
Major Category Of Receivables Due Within One Year to Five Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	512,656
Major Category Of Receivables Due Within One Year to Five Years [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	35,921
Major Category Of Receivables Due Within One Year to Five Years [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	5,020
Major Category Of Receivables Due Within One Year to Five Years [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	35,126
Major Category Of Receivables Due Within One Year to Five Years [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	308,165
Major Category Of Receivables Due Within One Year to Five Years [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	87,047
Major Category Of Receivables Due Within One Year to Five Years [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	39,746
Major Category Of Receivables Due Within One Year to Five Years [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	1,631
Major Category Of Receivables Over Five Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	1,157,617
Major Category Of Receivables Over Five Years [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	355,631
Major Category Of Receivables Over Five Years [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	188,486
Major Category Of Receivables Over Five Years [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	16,399
Major Category Of Receivables Over Five Years [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	501,086
Major Category Of Receivables Over Five Years [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	50,951
Major Category Of Receivables Over Five Years [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	14,840
Major Category Of Receivables Over Five Years [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	$ 30,224

Loans - Distribution of Fixed R

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 327,529
Distribution of variable rate loans by major loan category, Variable Rate	68,344
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	127,918
Distribution of variable rate loans by major loan category, Variable Rate	70,425
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	104,269
Distribution of variable rate loans by major loan category, Variable Rate	14,099
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	712,755
Distribution of variable rate loans by major loan category, Variable Rate	135,722
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	174,633
Distribution of variable rate loans by major loan category, Variable Rate	33,637
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	52,664
Distribution of variable rate loans by major loan category, Variable Rate	5,073
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	22,102
Distribution of variable rate loans by major loan category, Variable Rate	$ 9,987

Loans - Contractual Aging of Re

Loans - Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,857,419	$ 1,302,990
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	749	322
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	131	941
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	575	2,464
Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,455	3,727
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,855,964	1,299,263
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	395,805	175,316
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	228	269
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		191
Consumer Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	246	1,032
Consumer Real Estate [Member] | Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	474	1,492
Consumer Real Estate [Member] | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	395,331	173,824
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	198,033	188,826
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	436
Agricultural Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		88
Agricultural Real Estate [Member] | Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	436	88
Agricultural Real Estate [Member] | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	197,597	188,738
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	118,504	94,490
Agricultural [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		176
Agricultural [Member] | Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		176
Agricultural [Member] | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	118,504	94,314
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	847,110	587,654
Commercial Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	180	185
Commercial Real Estate [Member] | Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	180	185
Commercial Real Estate [Member] | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	846,930	587,469
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	240,138	204,043
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	21
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	131	750
Commercial and Industrial [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	149	983
Commercial and Industrial [Member] | Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	301	1,733
Commercial and Industrial [Member] | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	239,837	202,310
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	57,829	52,661
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	64	53
Consumer [Member] | Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	64	53
Consumer [Member] | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 57,765	$ 52,608

Loans - Recorded Investment in

Loans - Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 8,076	$ 9,404
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	824	1,546
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	6,477	5,575
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	20	307
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	600	665
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	149	1,296
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 6	$ 15

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021
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	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,857,419	$ 1,302,990
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	198,033	188,826
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	118,504	94,490
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	847,110	587,654
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	208,049	188,286
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	32,089	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	8,720	11,960
1-2 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,178	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	10,894	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	4,604	38,486
3 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	42,180	38,306
3 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	38,623	23,779
3 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	238,132	165,201
3 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	46,547	26,515
3 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	11,408	4,651
4 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	129,301	112,465
4 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	75,164	63,480
4 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	568,038	396,076
4 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	152,736	114,108
4 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	20,681	11,106
5 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,599	7,478
5 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	227	1,577
5 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	14,509	4,010
5 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	986	3,266
6 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	13,233	18,617
6 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	312	561
6 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	15,537	11,366
6 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 3,176	4,796
7 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs		$ 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	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,857,419	$ 1,302,990
Performing	1,449	148
Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,919	3,670
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	53,910	48,991
Performing [Member] | Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,906	3,660
Performing [Member] | Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	53,820	48,855
Nonperforming [Member] | Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	13	10
Nonperforming [Member] | Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	90	136
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	395,805	175,316
Performing	712	42
Pass [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	392,940	171,667
5 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,673	1,284
6 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,192	$ 2,365

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 1,228	$ 5,172
Impaired loans with a valuation allowance	10,711	9,360
Total impaired loans	11,939	14,532
Valuation allowance related to impaired loans	2,184	1,657
Total nonaccrual loans	8,076	9,404
Total loans past-due ninety days or more and still accruing	0	0
Average investment in impaired loans	12,247	10,232	$ 2,649
Interest income recognized on impaired loans	292	269	118
Interest income recognized on a cash basis on impaired loans	$ 188	$ 135	$ 9

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)	Jul. 30, 2021	Jun. 30, 2021Loan	Mar. 31, 2021Loan	May 31, 2020Loan	Dec. 31, 2021USD ($)LoanContract	Dec. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Additional funds available to be advanced in connection with impaired loans					$ 0
Impaired loans classified as troubled debt restructured					$ 7,600,000	$ 6,500
Number of contracts modified | Loan					3	4
TDR impaired loans paid off | Loan		2	3	1
Term of loan	5 years				3 years
Loan amortization period					10 years
Allowance for loan losses					$ 16,242,000	$ 13,672,000	$ 7,228,000	$ 6,775,000
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					120 days
Delinquent period for charging down commercial and agricultural credits					120 days
Foreclosed residential real estate property					$ 159,000	$ 71,000
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Foreclosed residential real estate property					159,000	71,000
Residential real estate properties foreclosure proceedings					255,000	$ 910,000
Specific Allocation on Principal Balance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses					$ 825,000
Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract					0
Sale Of Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Loan					1
Payment Changes from Monthly Payment to Principal and Interest at Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Loan					1	2
Allowance for loan losses					$ 313,000

Loans - Impaired Loans Classifi

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)LoanContract	Dec. 31, 2020USD ($)LoanContract
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months | Loan	3	4
Agricultural Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months | Contract	1	2
Pre-Modification Outstanding Recorded Investment	$ 1,655	$ 5,380
Post-Modification Outstanding Recorded Investment	$ 1,655	$ 5,380
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months | Contract	1	1
Pre-Modification Outstanding Recorded Investment	$ 1,000	$ 50
Post-Modification Outstanding Recorded Investment	$ 1,000	$ 50
Agricultural [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months | Contract		1
Pre-Modification Outstanding Recorded Investment		$ 164
Post-Modification Outstanding Recorded Investment		$ 164
Commercial Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months | Contract	1	2
Pre-Modification Outstanding Recorded Investment	$ 382	$ 981
Post-Modification Outstanding Recorded Investment	$ 382	$ 981

Loans - Loans Individually Eval

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 1,228	$ 5,172
With a specific allowance recorded, Recorded Investment	10,711	9,360
Related Allowance	2,184	1,657
Recorded Investment	11,939	14,532
Average Recorded Investment	12,247	10,232	$ 2,649
Interest Income Recognized	292	269	118
Interest Income Recognized Cash Basis	188	135	$ 9
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	604	799
With no related allowance recorded, Unpaid Principal Balance	604	799
With no related allowance recorded, Average Recorded Investment	456	738
With no related allowance recorded, Interest Income Recognized	5	22
With no related allowance recorded, Interest Income Recognized Cash Basis	15	10
With a specific allowance recorded, Recorded Investment		202
With a specific allowance recorded, Unpaid Principal Balance		202
Related Allowance		31
With a specific allowance recorded, Average Recorded Investment	59	126
With a specific allowance recorded, Interest Income Recognized Cash Basis		3
Recorded Investment	604	1,001
Unpaid Principal Balance	604	1,001
Average Recorded Investment	515	864
Interest Income Recognized	5	22
Interest Income Recognized Cash Basis	15	13
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	423	1,546
With no related allowance recorded, Unpaid Principal Balance	423	1,549
With no related allowance recorded, Average Recorded Investment	1,000	729
With no related allowance recorded, Interest Income Recognized	33	18
With no related allowance recorded, Interest Income Recognized Cash Basis		12
With a specific allowance recorded, Recorded Investment	6,302	5,210
With a specific allowance recorded, Unpaid Principal Balance	6,406	5,210
Related Allowance	691	600
With a specific allowance recorded, Average Recorded Investment	5,414	3,175
With a specific allowance recorded, Interest Income Recognized	54	6
With a specific allowance recorded, Interest Income Recognized Cash Basis		102
Recorded Investment	6,725	6,756
Unpaid Principal Balance	6,829	6,759
Average Recorded Investment	6,414	3,904
Interest Income Recognized	87	24
Interest Income Recognized Cash Basis		114
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment		291
With no related allowance recorded, Unpaid Principal Balance		291
With no related allowance recorded, Average Recorded Investment	143	392
With no related allowance recorded, Interest Income Recognized	18	3
With no related allowance recorded, Interest Income Recognized Cash Basis	3	3
With a specific allowance recorded, Recorded Investment	20	176
With a specific allowance recorded, Unpaid Principal Balance	20	176
Related Allowance	1	116
With a specific allowance recorded, Average Recorded Investment	94	188
Recorded Investment	20	467
Unpaid Principal Balance	20	467
Average Recorded Investment	237	580
Interest Income Recognized	18	3
Interest Income Recognized Cash Basis	3	3
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	180	185
With no related allowance recorded, Unpaid Principal Balance	180	185
With no related allowance recorded, Average Recorded Investment	1,445	195
With no related allowance recorded, Interest Income Recognized	70	13
With no related allowance recorded, Interest Income Recognized Cash Basis	9
With a specific allowance recorded, Recorded Investment	3,381	2,765
With a specific allowance recorded, Unpaid Principal Balance	3,381	2,765
Related Allowance	664	20
With a specific allowance recorded, Average Recorded Investment	2,199	2,524
With a specific allowance recorded, Interest Income Recognized	70	128
With a specific allowance recorded, Interest Income Recognized Cash Basis	3
Recorded Investment	3,561	2,950
Unpaid Principal Balance	3,561	2,950
Average Recorded Investment	3,644	2,719
Interest Income Recognized	140	141
Interest Income Recognized Cash Basis	12
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	21	2,328
With no related allowance recorded, Unpaid Principal Balance	21	2,328
With no related allowance recorded, Average Recorded Investment	920	1,222
With no related allowance recorded, Interest Income Recognized	24	26
With no related allowance recorded, Interest Income Recognized Cash Basis	158	5
With a specific allowance recorded, Recorded Investment	982	1,007
With a specific allowance recorded, Unpaid Principal Balance	982	1,007
Related Allowance	825	890
With a specific allowance recorded, Average Recorded Investment	498	916
With a specific allowance recorded, Interest Income Recognized	17	52
Recorded Investment	1,003	3,335
Unpaid Principal Balance	1,003	3,335
Average Recorded Investment	1,418	2,138
Interest Income Recognized	41	78
Interest Income Recognized Cash Basis	158	5
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment		23
With no related allowance recorded, Unpaid Principal Balance		23
With no related allowance recorded, Average Recorded Investment	17	16
With a specific allowance recorded, Recorded Investment	26
With a specific allowance recorded, Unpaid Principal Balance	26
Related Allowance	3
With a specific allowance recorded, Average Recorded Investment	2	11
With a specific allowance recorded, Interest Income Recognized	1	1
Recorded Investment	26	23
Unpaid Principal Balance	26	23
Average Recorded Investment	19	27
Interest Income Recognized	$ 1	$ 1

Loans - Summary of Activities i

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan Losses
Balance at beginning of year				$ 13,672				$ 7,228	$ 13,672	$ 7,228	$ 6,775
Provision for loan loss	$ 444	$ 659	$ 641	$ 1,700	$ 1,995	$ 1,987	$ 1,569	$ 1,430	3,444	6,981	1,138
Loans charged off									(1,332)	(720)	(841)
Recoveries									458	183	156
Balance at ending of year	16,242				13,672				16,242	13,672	7,228
Allowance for Unfunded Loan Commitments & Letters of Credit	1,041				641				1,041	641	479
Total Allowance for Credit Losses	$ 17,283				$ 14,313				$ 17,283	$ 14,313	$ 7,707

Loans - Analysis of Allowance f

Loans - Analysis of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				$ 14,313				$ 7,707	$ 14,313	$ 7,707
Charge Offs									(1,332)	(720)	$ (841)
Recoveries									458	183	156
Provision (Credit)	$ 444	$ 659	$ 641	1,700	$ 1,995	$ 1,987	$ 1,569	1,430	3,444	6,981	1,138
Other Non-interest expense related to unfunded									400	162
Ending Balance	17,283				14,313				17,283	14,313	7,707
Ending balance: individually evaluated for impairment	2,184				1,657				2,184	1,657
Ending balance: collectively evaluated for impairment	15,099				12,656				15,099	12,656
Ending balance: loans acquired with deteriorated credit quality	37				0				37	0
FINANCING RECEIVABLES:
Ending balance	1,857,419				1,302,990				1,857,419	1,302,990
Ending balance: individually evaluated for impairment	11,939				14,532				11,939	14,532
Ending balance: collectively evaluated for impairment	1,844,031				1,288,310				1,844,031	1,288,310
Ending balance: loans acquired with deteriorated credit quality	1,449				148				1,449	148
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				633				311	633	311
Charge Offs									(19)	(35)
Recoveries									13	9
Provision (Credit)									230	348
Ending Balance	857				633				857	633	311
Ending balance: individually evaluated for impairment					31					31
Ending balance: collectively evaluated for impairment	857				602				857	602
Ending balance: loans acquired with deteriorated credit quality	37				0				37	0
FINANCING RECEIVABLES:
Ending balance	395,805				175,316				395,805	175,316
Ending balance: individually evaluated for impairment	604				1,001				604	1,001
Ending balance: collectively evaluated for impairment	394,489				174,273				394,489	174,273
Ending balance: loans acquired with deteriorated credit quality	712				42				712	42
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				958				314	958	314
Charge Offs									(105)
Provision (Credit)									187	644
Ending Balance	1,040				958				1,040	958	314
Ending balance: individually evaluated for impairment	691				600				691	600
Ending balance: collectively evaluated for impairment	349				358				349	358
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	198,033				188,826				198,033	188,826
Ending balance: individually evaluated for impairment	6,725				6,756				6,725	6,756
Ending balance: collectively evaluated for impairment	191,107				182,070				191,107	182,070
Ending balance: loans acquired with deteriorated credit quality	201								201
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				701				691	701	691
Charge Offs									(143)
Recoveries									14
Provision (Credit)									137	10
Ending Balance	709				701				709	701	691
Ending balance: individually evaluated for impairment	1				116				1	116
Ending balance: collectively evaluated for impairment	708				585				708	585
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	118,504				94,490				118,504	94,490
Ending balance: individually evaluated for impairment	20				467				20	467
Ending balance: collectively evaluated for impairment	118,484				94,023				118,484	94,023
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				7,415				3,634	7,415	3,634
Charge Offs										(8)
Recoveries									10	10
Provision (Credit)									1,705	3,779
Ending Balance	9,130				7,415				9,130	7,415	3,634
Ending balance: individually evaluated for impairment	664				20				664	20
Ending balance: collectively evaluated for impairment	8,466				7,395				8,466	7,395
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	847,110				587,654				847,110	587,654
Ending balance: individually evaluated for impairment	3,561				2,950				3,561	2,950
Ending balance: collectively evaluated for impairment	843,299				584,704				843,299	584,704
Ending balance: loans acquired with deteriorated credit quality	250								250
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				3,346				1,727	3,346	1,727
Charge Offs									(814)	(297)
Recoveries									257	24
Provision (Credit)									1,058	1,892
Ending Balance	3,847				3,346				3,847	3,346	1,727
Ending balance: individually evaluated for impairment	825				890				825	890
Ending balance: collectively evaluated for impairment	3,022				2,456				3,022	2,456
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	240,138				204,043				240,138	204,043
Ending balance: individually evaluated for impairment	1,003				3,335				1,003	3,335
Ending balance: collectively evaluated for impairment	238,849				200,602				238,849	200,602
Ending balance: loans acquired with deteriorated credit quality	286				106				286	106
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				606				551	606	551
Charge Offs									(251)	(380)
Recoveries									164	140
Provision (Credit)									106	295
Ending Balance	625				606				625	606	551
Ending balance: individually evaluated for impairment	3								3
Ending balance: collectively evaluated for impairment	622				606				622	606
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	57,829				52,661				57,829	52,661
Ending balance: individually evaluated for impairment	26				23				26	23
Ending balance: collectively evaluated for impairment	57,803				52,638				57,803	52,638
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				13					13
Provision (Credit)									21	13
Ending Balance	34				13				34	13
Ending balance: collectively evaluated for impairment	34				13				34	13
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				$ 641				$ 479	641	479
Other Non-interest expense related to unfunded									400	162
Ending Balance	1,041				641				1,041	641	$ 479
Ending balance: collectively evaluated for impairment	1,041				641				1,041	641
Ending balance: loans acquired with deteriorated credit quality	$ 0				$ 0				$ 0	$ 0

Premises and Equipment - Major

Premises and Equipment - Major Categories of Banking Premises and Equipment and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	$ 60,741	$ 58,022
Less: Accumulated depreciation	(33,828)	(30,959)
Premises and Equipment (Net)	26,913	27,063
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	6,652	6,951
Buildings [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	30,929	30,124
Furnishings [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	$ 23,160	$ 20,947

Premises and Equipment - Majo_2

Premises and Equipment - Major Categories of Banking Premises and Equipment and Accumulated Depreciation (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	39 years
Furnishings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Furnishings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation Expenses	$ 2.6	$ 2.5	$ 2.3

Servicing - Additional Informat

Servicing - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Transfers And Servicing [Abstract]
Loans serviced for others unpaid principal amount	$ 380,800	$ 377,500
Capitalized service right assets included in other assets	3,600	3,300
Fair market value of the capitalized servicing rights	$ 3,200	$ 3,500
Prepayment rate	21.70%	24.10%
Discount yield	1.97%	2.38%
Valuation allowance	$ 414

Servicing - Summary of Mortgage

Servicing - Summary of Mortgage Servicing Rights Capitalized and Amortized (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Beginning of Year	$ 3,320
Valuation Allowance	(414)
End of Year	3,157	$ 3,320
Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning of Year	3,320	2,629
Capitalized Additions	1,417	1,722
Amortization	(1,166)	(1,031)
Valuation Allowance	(414)	0
End of Year	$ 3,157	$ 3,320

Deposits - Time Deposits (Detai

Deposits - Time Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Time deposits under $250,000	$ 397,102	$ 215,515
Time deposits of $250,000 or more	74,377	32,038
Total	$ 471,479	$ 247,553

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities for Time Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Maturities Of Time Deposits [Abstract]
2022	$ 265,696
2023	111,597
2024	59,815
2025	22,176
2026	11,807
Thereafter	388
Total	$ 471,479	$ 247,553

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase - Additional Information (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Fees And Commissions Income [Abstract]
Securities to be used as collateral for the underlying repurchase agreements	$ 31,100,000	$ 34,000,000
Federal funds purchased	0	$ 0
Securities sold under agreements to repurchase	$ 29,300,000

Federal Funds Purchased and S_4

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase - Daily Securities Sold under Agreement to Repurchase (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amount Outstanding at End of Period	$ 29,300
Daily Securities Sold Under Agreement to Repurchase [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amount Outstanding at End of Period	$ 1,062	$ 1,899
Weighted Average Rate End of Period	0.70%	1.08%
Maximum Amount Borrowings Outstanding Month End	$ 1,991	$ 2,568
Approximate Average Outstanding in Period	$ 1,514	$ 1,765
Approximate Weighted Average Interest Rate For the Period	0.43%	1.00%
Term CDs Sold Under Agreement to Repurchase [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amount Outstanding at End of Period	$ 28,206	$ 28,340
Weighted Average Rate End of Period	1.00%	1.00%
Maximum Amount Borrowings Outstanding Month End	$ 28,362	$ 29,261
Approximate Average Outstanding in Period	$ 28,315	$ 28,379
Approximate Weighted Average Interest Rate For the Period	2.56%	2.52%

Federal Funds Purchased and S_5

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase - Schedule of Remaining Contractual Maturity in Repurchase Agreements and Collateral Pledged (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 29,300
Total	29,268	$ 30,239
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	29,268
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	1,062
Overnight & Continuous [Member] | US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,062
30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	3,900
30-90 Days [Member] | US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	3,900
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	24,306
Greater Than 90 Days [Member] | US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 24,306

Borrowings and Subordinated N_3

Borrowings and Subordinated Notes - Additional Information (Detail) $ in Thousands	Jul. 30, 2021USD ($)	Dec. 31, 2021USD ($)Loan	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Number of loans secured | Loan		2
Term note		$ 30,000
Line of credit		$ 10,000
Percentage of interest on loan accrues rate		2.50%
Total borrowings excluding for fair value related to acquisition		$ 23,868	$ 18,000
Total borrowings, fair value related to acquisition		197	164
Unsecured borrowings through correspondent banks		69,000	69,000
Unpledged securities which could be sold or used as collateral		313,600	206,700
Additional borrowings available from the Federal Home Loan Bank based on current pledging		$ 91,200	7,400
Debt instrument basis points	2.63%
Debt instrument, frequency of periodic payment	semi-annually
Term of loan	5 years	3 years
Redemption price of principal amount of notes redeemed	100.00%
Private Placement
Debt Instrument [Line Items]
Subordinated notes	$ 35,000
Fixed-to-floating interest rate	3.25%
Subordinated notes, due date	Jul. 30, 2031
Percentage of notes prices on principal amount	100.00%
Perpetual Federal Savings Bank {Member]
Debt Instrument [Line Items]
Bank undertook amount		$ 6,000
Mortgage Loans at Cost [Member]
Debt Instrument [Line Items]
Advances, secured by mortgage loans		193,200	38,000
Cash Management Advance
Debt Instrument [Line Items]
Unsecured borrowings through correspondent banks		$ 94,200	$ 79,100
Term Note [Member]
Debt Instrument [Line Items]
Short term debt, term		12-month
Line of Credit [Member]
Debt Instrument [Line Items]
Short term debt, term		12-month

Borrowings and Subordinated N_4

Borrowings and Subordinated Notes - Schedule of Maturities of Borrowings Exclusive of Fair Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 1,388
2023	1,500
2024	17,500
2025	1,500
Thereafter	1,980
Total	$ 23,868	$ 18,000

Borrowings and Subordinated N_5

Borrowings and Subordinated Notes - Schedule of Subordinated Notes (Detail) - Subordinated Notes $ in Thousands	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
Principal	$ 35,000
Unamortized Note Issuance Costs	$ (529)

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal									$ 7,536	$ 6,289	$ 4,005
State									271	513	63
Total current									7,807	6,802	4,068
Deferred:
Federal									(1,746)	(1,596)	227
State									(59)	(95)	65
Total deferred									(1,805)	(1,691)	292
Total Income Tax	$ 1,999	$ 1,624	$ 1,319	$ 1,060	$ 1,691	$ 1,287	$ 1,161	$ 972	$ 6,002	$ 5,111	$ 4,360

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate to the Effective Tax Rate (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Federal income tax at statutory rates									$ 6,194	$ 5,294	$ 4,780
(Decrease) increase resulting from:
State income tax, net of federal benefit									167	330	101
Tax exempt interest									(116)	(146)	(170)
Section 831 deduction									(294)	(266)	(268)
Other									51	(101)	(83)
Total Income Tax	$ 1,999	$ 1,624	$ 1,319	$ 1,060	$ 1,691	$ 1,287	$ 1,161	$ 972	$ 6,002	$ 5,111	$ 4,360

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets:
Allowance for loan losses	$ 3,629	$ 3,128
Deferred compensation	561	537
Net unrealized loss on available-for-sale securities	846
Fair value adjustments	1,913
Other	277	142
Total deferred tax assets	7,226	3,807
Deferred Tax Liabilities:
Accreted discounts on bonds	22	4
Depreciation	772	878
FHLB stock dividends	828	481
Intangible amortization	1,282	1,144
Mortgage servicing rights	778	725
Net unrealized gain on available-for-sale securities		1,514
Prepaids	471	525
Other	173	5
Total deferred tax liabilities	4,326	5,276
Net Deferred Tax Asset	$ 2,900
Net Deferred Tax Liability		$ (1,469)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - Perpetual Federal Savings Bank [Member] $ in Thousands	Dec. 31, 2021USD ($)
Income Taxes [Line Items]
Operating loss carryforwards	$ 377,807
Deferred taxes business combination allocated to additional paid in capital	2,779,000
Unrecognized deferred taxes	$ 584,000

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Employeeshares	Dec. 31, 2020USD ($)Employeeshares	Dec. 31, 2019USD ($)Employeeshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum percentage of eligible compensation on a pre-tax or post-tax basis for eligible employees to save	1.00%
Employee contribution matching percentage	50.00%
Percentage of total eligible compensation, contribution by Bank, maximum limit	6.00%
Vesting percentage in participant's deferral contributions and employer matching contributions	100.00%
Vesting period	6 years
Defined contribution plan employer matching contribution description	In order to be eligible for discretionary contributions, employees must work 1,000 hours in the plan year and be employed on the last day of the year.
Employer matching contribution and the discretionary contribution | $	$ 1,500	$ 1,000	$ 1,200
Restricted stock awards, shares issued	48,750	37,382	38,100
Awards grants originated in 2016, 2017 and 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock | Employee			3
Four employees received shares from awards granted due to retirement			14,300
Awards grants originated in 2019, 2018 and 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock | Employee		1
Number of shares vested		1,050
Awards grants originated in 2017, 2018 and 2019 and 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock | Employee		8
Number of shares vested		10,890
Awards grants originated in 2018, 2019 and 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock | Employee	7
Number of shares vested	4,425
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted stock awards, shares issued	48,750	37,382	38,100
Stock issued to number of employees | Employee	96	92	94
Shares vest under the plan	100.00%	100.00%	100.00%
Shares forfeited due to employee termination	2,575	2,175	3,220
Number of shares vested	23,270	35,431	40,370
Number of employees, received the stock | Employee	50	58	63
Number of shares vested	4,425	10,890	14,300
Compensation expense | $	$ 822	$ 1,000	$ 1,100
Unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan | $	$ 1,500
Unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan, period for recognition	3 years
Restricted Stock Awards [Member] | 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested	18,845
Number of employees, received the stock | Employee	50
Restricted Stock Awards [Member] | 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested		1,600
Number of employees, received the stock | Employee		3
Restricted Stock Awards [Member] | 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested			26,070
Number of employees, received the stock | Employee			63
Restricted Stock Awards [Member] | 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested		21,340
Number of employees, received the stock | Employee		53
Restricted Stock Awards [Member] | Immediate Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock | Employee		1
Number of shares vested		551,000

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Restricted Shares Issued, Vested and Forfeited (Detail)	12 Months Ended
	Dec. 31, 2021Employeeshares	Dec. 31, 2020Employeeshares	Dec. 31, 2019Employeeshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, shares issued	48,750	37,382	38,100
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, shares issued	48,750	37,382	38,100
Restricted shares vested	18,845	23,491	26,070
Restricted shares awarded due to retirement	4,425	10,890	14,300
Restricted shares awarded for other		1,050
Restricted shares forfeited	2,575	2,175	3,220
Restricted shares issued | Employee	96	92	94
Restricted shares vested | Employee	50	58	63
Restricted shares awarded due to retirement | Employee	7	8	3
Restricted shares awarded for other | Employee		1
Restricted shares forfeited | Employee	4	5	4

Employee Benefit Plans - Activi

Employee Benefit Plans - Activity of Restricted Stock Awards (Detail) - Restricted Stock Awards [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Beginning of period	88,226	88,450	93,940
Number of Shares, Granted	48,750	37,382	38,100
Number of Shares, Vested	(23,270)	(35,431)	(40,370)
Number of Shares, Forfeited	(2,575)	(2,175)	(3,220)
Number of Shares, Nonvested, end of period	111,131	88,226	88,450
Weighted average fair value per award, Beginning of period	$ 28.40	$ 31.52	$ 29.87
Weighted average fair value per award, Granted	22.70	21.80	25.14
Weighted average fair value per award, Vested	42.03	29.27	21.76
Weighted average fair value per award, Forfeited	24.28	21.92	30.12
Weighted average fair value per award, Nonvested, end of period	$ 23.02	$ 28.40	$ 31.52

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	Jun. 04, 2021USD ($)Directorshares	Oct. 01, 2021USD ($)shares	Nov. 20, 2020shares	Jun. 05, 2020USD ($)shares
Earnings Per Share Basic [Line Items]
Compensation annual basis committee award | $	$ 6,000			$ 4,000
Number of directors received shares | shares	272		20	176
Number of directors received shares | Director	10
Number of directors received prorated dollar value of shares | Director	4
Perpetual Federal Savings Bank {Member]
Earnings Per Share Basic [Line Items]
Compensation annual basis committee award | $		$ 1,523
Number of directors received shares | shares		68

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 7,683	$ 5,920	$ 4,983	$ 4,909	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 23,495	$ 20,095	$ 18,402
Less: distributed earnings allocated to participating securities									(70)	(57)	(51)
Less: undistributed earnings allocated to participating securities									(121)	(96)	(87)
Net earnings available to common shareholders									$ 23,304	$ 19,942	$ 18,264
Weighted average common shares outstanding including participating securities									11,664,852	11,146,270	11,113,810
Less: average unvested restricted shares									(94,634)	(84,879)	(83,369)
Weighted average common shares outstanding	13,046,299	11,209,732	11,191,043	11,197,012	11,177,765	11,142,797	11,129,341	11,134,870	11,570,218	11,061,391	11,030,441
Basic and diluted earnings per share	$ 0.59	$ 0.53	$ 0.44	$ 0.44	$ 0.60	$ 0.40	$ 0.43	$ 0.37	$ 2.01	$ 1.80	$ 1.66

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Directors and Executive Officers [Member] $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)SecurityLoan	Dec. 31, 2020USD ($)
Related Party Transaction [Line Items]
Granted loans to affiliate companies	$ 20.1	$ 1.4
Subsequent advances	8.3
Payment received	10.3
Difference in related borrowings amounts	18.7
Ownership interest amount	$ 43.7	$ 38.3
Number of new loans approved | SecurityLoan	4

Off Balance Sheet Activities -

Off Balance Sheet Activities - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Allowance for credit losses relates to unfunded loan commitments	$ 1,000	$ 641

Off Balance Sheet Activities _2

Off Balance Sheet Activities - Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Standby letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration of Risk	$ 983	$ 2,021
Commitments to extend credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration of Risk	557,094	456,299
Credit card arrangements [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration of Risk	$ 23,179	$ 22,903

Minimum Regulatory Capital Re_3

Minimum Regulatory Capital Requirements - Additional Information (Detail)	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2019
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum ratio of capital to risk-weighted assets	8	8	8
Minimum ratio of capital to risk-weighted assets including capital conservation buffer			10.50%
Minimum leverage ratio calculated as ratio of Tier 1 capital to average quarterly assets	10.25	9.08	4
Common Equity Tier 1 Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum ratio of capital to risk-weighted assets			4.5
Capital conservation buffer			2.50%
Minimum ratio of capital to risk-weighted assets including capital conservation buffer			7.00%
Tier 1 Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum ratio of capital to risk-weighted assets			6
Minimum ratio of capital to risk-weighted assets including capital conservation buffer			8.50%

Minimum Regulatory Capital Re_4

Minimum Regulatory Capital Requirements - Summary of Bank's Actual and Required Capital Amounts and Ratios (Detail) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Jan. 01, 2019
Federal Home Loan Banks [Abstract]
Common Equity Tier 1 Capital to Risk Weighted Assets Actual, Amount	$ 256,943	$ 164,322
Total Risk-Based Capital to Risk Weighted Assets Actual, Amount	274,226	178,635
Tier 1 Capital to Risk Weighted Assets Actual, Amount	256,943	164,322
Tier 1 leverage Capital to Adjusted Total Assets Actual, Amount	$ 256,943	$ 164,322
Common Equity Tier 1 Capital to Risk Weighted Assets Actual, Ratio	14.26%	11.63%
Total Risk-Based Capital to Risk Weighted Assets Actual, Ratio	15.22	12.64
Tier 1 Capital to Risk Weighted Assets Actual, Ratio	14.26	11.63
Tier 1 leverage Capital to Adjusted Total Assets Actual, Ratio	10.25	9.08	4
Common Equity Tier 1 Capital For Capital Adequacy Purposes, Amount	$ 81,074	$ 63,542
Total Risk-Based Capital to Risk Weighted Assets For Capital Adequacy Purposes, Amount	144,138	113,032
Tier 1 Capital to Risk Weighted Assets For Capital Adequacy Purposes, Amount	108,104	84,774
Tier 1 leverage Capital to Adjusted Total Assets For Capital Adequacy Purposes, Amount	$ 100,317	$ 72,419
Common Equity Tier 1 Capital to Risk Weighted Assets For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Total Risk-Based Capital to Risk Weighted Assets For Capital Adequacy Purposes, Ratio	8	8	8
Tier 1 Capital to Risk Weighted Assets For Capital Adequacy Purposes, Ratio	6	6
Tier 1 leverage Capital to Adjusted Total Assets For Capital Adequacy Purposes, Ratio	4	4
Common Equity Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 117,112	$ 91,783
Total Risk-Based Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	180,173	141,290
Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	144,138	113,032
Tier 1 leverage Capital to Adjusted Total Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 125,396	$ 90,524
Common Equity Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Total Risk-Based Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	10	10
Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	8	8
Tier 1 leverage Capital to Adjusted Total Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	5	5

Restrictions of Dividends & I_2

Restrictions of Dividends & Inter-company Borrowings - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Equity [Abstract]
Dividends may be paid without prior regulatory approval	$ 18.2

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial Assets:
Securities - available-for-sale	$ 429,931	$ 307,812
Financial Liabilities:
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	34,471
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	180,823	175,706
Interest-bearing time deposits	10,913	4,653
Securities - available-for-sale	429,931	307,812
Other securities	8,162	5,939
Loans held for sale	7,714	7,740
Loans, net	1,841,177	1,289,318
Interest receivable	7,209	6,188
Financial Liabilities:
Total Deposits	2,193,462	1,596,162
Fed funds purchased and securities sold under agreement to repurchase	29,268	30,239
Federal Home Loan Bank advances	24,065	17,861
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	34,471
Interest payable	1,125	338
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	180,832	175,706
Interest-bearing time deposits	10,933	4,677
Securities - available-for-sale	429,931	307,812
Other securities	8,162	5,939
Loans held for sale	7,844	7,740
Loans, net	1,864,386	1,261,440
Interest receivable	7,209	6,188
Financial Liabilities:
Total Deposits	2,197,543	1,605,890
Fed funds purchased and securities sold under agreement to repurchase	29,268	30,239
Federal Home Loan Bank advances	24,305	17,872
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	35,000
Interest payable	1,125	338
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	180,823	175,706
Securities - available-for-sale	89,177
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	10,933	4,677
Securities - available-for-sale	335,981	306,250
Financial Liabilities:
Total Deposits	473,689	351,147
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	35,000
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	4,773	1,562
Other securities	8,162	5,939
Loans held for sale	7,844	7,740
Loans, net	1,864,386	1,261,440
Interest receivable	7,209	6,188
Financial Liabilities:
Total Deposits	1,723,854	1,254,743
Fed funds purchased and securities sold under agreement to repurchase	29,268	30,239
Federal Home Loan Bank advances	24,305	17,872
Interest payable	1,125	338
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	1,248,294	997,462
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	1,248,044	1,004,608
Interest Bearing Deposits [Member] | Level 3 [Member]
Financial Liabilities:
Total Deposits	1,248,044	1,004,608
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	473,689	351,147
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	473,689	351,147
Non Interest Bearing Deposits [Member] | Level 2 [Member]
Financial Liabilities:
Total Deposits	473,689	351,147
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	471,479	247,553
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	475,810	250,135
Time Deposits [Member] | Level 3 [Member]
Financial Liabilities:
Total Deposits	$ 475,810	$ 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	Dec. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 429,931	$ 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	89,177
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	89,177
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	335,981	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	335,981	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	4,773	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	4,773	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	89,177
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	89,177
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	156,886	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	156,886	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	117,927	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	117,927	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	65,941	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	61,168	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	4,773	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	$ 4,773	$ 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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
State and Local Governments Tax-Exempt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in Market Value	$ 44
Purchases	2,418
Payments & Maturities	(155)
Ending Balance	2,307
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,562	$ 1,490
Change in Market Value	(96)	72
Purchases	1,000	0
Sales	0	0
Payments & Maturities	0	0
Ending Balance	2,466	1,562
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,562	1,490
Change in Market Value	(52)	72
Purchases	3,418	0
Sales	0	0
Payments & Maturities	(155)	0
Ending Balance	$ 4,773	$ 1,562

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer of assets into or out of level 3	$ 0	$ 0
Transfer of liabilities into or out of level 3	0	0
Collateral dependent impaired loans categorized as Level 3	11,939,000	14,532,000
Specific allocation for collateral dependent impaired loans	2,184,000	1,657,000
Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Specific allocation for collateral dependent impaired loans	2,184,000	1,657,000
Level 3 [Member] | Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 8,527,000	$ 7,703,000

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Collateral Dependent Impaired Loans and Other Real Estate (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 159	$ 71
Collateral Dependent Impaired Loans [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	8,527	7,703
Mortgage Servicing Rights [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	3,157
Consumer Real Estate [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	99
Fair Value on Nonrecurring Basis [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	8,527	7,703
Fair Value on Nonrecurring Basis [Member] | Collateral Dependent Impaired Loans [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	8,527	$ 7,703
Fair Value on Nonrecurring Basis [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	3,157
Fair Value on Nonrecurring Basis [Member] | Mortgage Servicing Rights [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	3,157
Fair Value on Nonrecurring Basis [Member] | Consumer Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	99
Fair Value on Nonrecurring Basis [Member] | Consumer Real Estate [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	$ 99

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 429,931	$ 307,812
Fair Value	159	71
State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	65,941	70,515
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,773	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	$ 4,773	$ 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	$ 8,527	$ 7,703
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Level 3 [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 3,157
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Unobservable Inputs	us-gaap:MeasurementInputDiscountRateMember	us-gaap:MeasurementInputDiscountRateMember
Level 3 [Member] | Minimum [Member] | State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	0.21	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	20	0.71
Level 3 [Member] | Minimum [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.94
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	1.77	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	53.95	100
Level 3 [Member] | Maximum [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	27.70
Level 3 [Member] | Weighted Average [Member] | State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.33	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	34.78	17.71
Level 3 [Member] | Weighted Average [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	18.44
Level 3 [Member] | Consumer Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	32.72
Fair Value	$ 99
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	us-gaap:MeasurementInputAppraisedValueMember	us-gaap:MeasurementInputAppraisedValueMember
Level 3 [Member] | Consumer Real Estate [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	32.72

Condensed Financial Statement_3

Condensed Financial Statements of Parent Company - Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Interest-bearing time deposits	$ 10,913	$ 4,653
Related party receivables:
Total Assets	2,638,300	1,909,544
Liabilities
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	34,471
Dividends payable	2,461	1,889
Total liabilities	2,341,133	1,660,384
Stockholders' Equity	297,167	249,160	$ 230,258	$ 143,287
Total Liabilities and Stockholders' Equity	2,638,300	1,909,544
Farmers & Merchants State Bank [Member]
Assets
Cash	19,293	5,763
Interest-bearing time deposits	1,234	1,727
Related party receivables:
Dividends and accounts receivable from subsidiary	4,636	3,380
Accrued interest receivable - municipals / interest bearing time deposits	43	91
Securities - municipals	9,027	17,885
Investment in subsidiaries	340,733	222,423
Total Assets	374,966	251,269
Liabilities
Other borrowings	40,000
Subordinated notes, net of unamortized issuance costs	34,471
Dividends payable	2,461	1,889
Accrued interest payable	743
Accrued expenses	124	220
Total liabilities	77,799	2,109
Stockholders' Equity	297,167	249,160
Total Liabilities and Stockholders' Equity	$ 374,966	$ 251,269

Condensed Financial Statement_4

Condensed Financial Statements of Parent Company - Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income
Interest - municipals / interest-bearing time deposits									$ 1,170	$ 1,079	$ 837
Loss on sales of available-for-sale securities									293	270	(26)
Total interest income	$ 22,423	$ 20,122	$ 17,530	$ 16,765	$ 18,139	$ 17,293	$ 17,273	$ 17,464	76,840	70,169	68,306
Expenses
Interest	2,388	1,672	1,554	1,728	2,015	2,269	2,698	3,411	7,342	10,393	14,759
Income Before Income Taxes	9,682	7,544	6,302	5,969	8,467	5,697	5,965	5,077	29,497	25,206	22,762
Income Taxes (Benefit)	1,999	1,624	1,319	1,060	1,691	1,287	1,161	972	6,002	5,111	4,360
Net Income	$ 7,683	$ 5,920	$ 4,983	$ 4,909	$ 6,776	$ 4,410	$ 4,804	$ 4,105	23,495	20,095	18,402
Other Comprehensive Income (Loss):
Comprehensive Income									14,614	24,694	22,514
Farmers & Merchants State Bank [Member]
Income
Dividends from subsidiaries									23,200	8,800	13,137
Interest - municipals / interest-bearing time deposits									253	382	374
Loss on sales of available-for-sale securities									293
Total interest income									23,746	9,182	13,511
Expenses
Interest									743
Operating expenses									1,335	923	999
Total expenses									2,078	923	999
Income Before Income Taxes									21,668	8,259	12,512
Income Taxes (Benefit)									(347)	(184)	(166)
Income from operation before equity in undistributed earnings of subsidiary									22,015	8,443	12,678
Equity in undistributed earnings of subsidiaries									1,480	11,652	5,724
Net Income									23,495	20,095	18,402
Other Comprehensive Income (Loss):
Unrealized gains (losses) on securities, net of taxes									(8,881)	4,599	4,112
Comprehensive Income									$ 14,614	$ 24,694	$ 22,514

Condensed Financial Statement_5

Condensed Financial Statements of Parent Company - Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net income	$ 23,495	$ 20,095	$ 18,402
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums on available-for-sale securities, net	2,203	1,289	822
Amortization of subordinated note issuance costs	50
Stock-based compensation expense	822	1,024	1,088
Director stock awards	73	48
(Gain) loss on sales of available-for-sale securities	(293)	(270)	26
Changes in assets and liabilities:
Other assets and liabilities	3,169	(573)	5,951
Net cash provided by operating activities	34,741	27,382	23,931
Activity in available-for-sale securities:
Maturities, prepayments and calls	56,310	91,003	67,071
Sales	9,292	11,843	11,100
Purchases	(170,629)	(183,563)	(110,166)
Net cash used in investing activities	(265,694)	(177,724)	(149,316)
Cash Flows from Financing Activities
Proceeds of other borrowings	40,000
Purchase of treasury stock	(338)	(383)	(381)
Proceeds from issuance of subordinated notes	34,421
Payment of dividends	(7,670)	(7,186)	(6,345)
Net cash provided by financing activities	236,070	274,752	138,316
Net Increase in Cash and Cash Equivalents	5,117	124,410	12,931
Cash and Cash Equivalents - Beginning of Year	175,706	51,296	38,365
Cash and Cash Equivalents - End of Year	180,823	175,706	51,296
Farmers & Merchants State Bank [Member]
Cash Flows from Operating Activities
Net income	23,495	20,095	18,402
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income	(1,480)	(11,652)	(5,724)
Amortization of premiums on available-for-sale securities, net	81	154	99
Amortization of subordinated note issuance costs	49
Stock-based compensation expense	822	1,024	1,088
Director stock awards	73	48
(Gain) loss on sales of available-for-sale securities	(293)
Changes in assets and liabilities:
Other assets and liabilities	(456)	1,742	(2,692)
Net cash provided by operating activities	22,291	11,411	11,173
Activity in available-for-sale securities:
Maturities, prepayments and calls	795	385	7,060
Sales	7,773		500
Purchases		(745)	(11,453)
Maturities of certificates of deposit	493
Acquisition, net of cash received	(79,235)
Net cash used in investing activities	(70,174)	(360)	(3,893)
Cash Flows from Financing Activities
Proceeds of other borrowings	35,000
Purchase of treasury stock	(338)	(383)	(381)
Proceeds from issuance of subordinated notes	34,421
Payment of dividends	(7,670)	(7,186)	(6,345)
Net cash provided by financing activities	61,413	(7,569)	(6,726)
Net Increase in Cash and Cash Equivalents	13,530	3,482	554
Cash and Cash Equivalents - Beginning of Year	5,763	2,281	1,727
Cash and Cash Equivalents - End of Year	$ 19,293	$ 5,763	$ 2,281

Quarterly Financial Data - Summ

Quarterly Financial Data - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of Income:
Interest income	$ 22,423	$ 20,122	$ 17,530	$ 16,765	$ 18,139	$ 17,293	$ 17,273	$ 17,464	$ 76,840	$ 70,169	$ 68,306
Interest expense	2,388	1,672	1,554	1,728	2,015	2,269	2,698	3,411	7,342	10,393	14,759
Net Interest Income Before Provision for Loan Losses	20,035	18,450	15,976	15,037	16,124	15,024	14,575	14,053	69,498	59,776	53,547
Provision for loan loss	444	659	641	1,700	1,995	1,987	1,569	1,430	3,444	6,981	1,138
Net Interest Income After Provision for Loan Losses	19,591	17,791	15,335	13,337	14,129	13,037	13,006	12,623	66,054	52,795	52,409
Other income (expense)	(9,909)	(10,247)	(9,033)	(7,368)	(5,662)	(7,340)	(7,041)	(7,546)
Income Before Income Taxes	9,682	7,544	6,302	5,969	8,467	5,697	5,965	5,077	29,497	25,206	22,762
Income Taxes	1,999	1,624	1,319	1,060	1,691	1,287	1,161	972	6,002	5,111	4,360
Net Income	$ 7,683	$ 5,920	$ 4,983	$ 4,909	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 23,495	$ 20,095	$ 18,402
Earnings per Common Share	$ 0.59	$ 0.53	$ 0.44	$ 0.44	$ 0.60	$ 0.40	$ 0.43	$ 0.37	$ 2.01	$ 1.80	$ 1.66
Average common shares outstanding	13,046,299	11,209,732	11,191,043	11,197,012	11,177,765	11,142,797	11,129,341	11,134,870	11,570,218	11,061,391	11,030,441

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - shares	Jan. 25, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Common stock, shares outstanding		14,063,999	12,230,000
Maximum [Member] | Subsequent Event [Member] | Board of Directors [Member]
Subsequent Event [Line Items]
Common stock, shares outstanding	600,000