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Business Combination and Asset Purchase (Tables)

9 Months Ended

Sep. 30, 2024

Business Acquisition [Line Items]

Schedule of Annual Amortization of Core Deposit Intangible Assets

Annual amortization of core deposit intangible assets is as follows:

		(In Thousands)
		Geneva				Ossian				Perpetual				Peoples				Total
2024		$	560			$	140			$	95			$	861			$	1,656
2025			560				140				95				861				1,656
2026			-				140				95				861				1,096
2027			-				140				95				861				1,096
2028			-				47				73				861				981
Thereafter			-				-				-				646				646
		$	1,120			$	607			$	453			$	4,951				7,131

Customer Lists [Member]

Business Acquisition [Line Items]

Schedule of Annual Amortization of Core Deposit Intangible Assets

Annual amortization expense of customer list intangible is as follows:

		(In Thousands)
		Adams County Financial Resources
2024		$	123
2025			123
2026			123
2027			48
2028			-
Thereafter			-
		$	417

Peoples Federal Savings and Loan [Member]

Business Acquisition [Line Items]

Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized

The following table summarizes the consideration paid for Peoples Federal Savings and Loan Association and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date.

Fair Value of Consideration Transferred
		(In Thousands)
Cash		$	9,806
Common Shares			13,446
Treasury stock repurchased (125 shares)			(3	)
Total		$	23,249
Recognized amounts of identifiable assets acquired and liabilities assumed
Assets
Cash and cash equivalents		$	18,881
Other securities, at cost			1,271
Loans, net			101,755
Premises and equipment			1,906
Goodwill			5,924
Other assets			12,081
Total Assets Purchased		$	141,818
Liabilities
Deposits
Noninterest bearing		$	7,139
Interest bearing			104,719
Total deposits			111,858
Federal Home Loan Bank (FHLB) advances			896
Accrued expenses and other liabilities			5,815
Total Liabilities Assumed		$	118,569

Summary of Changes in Accretable Yield or Income Expected to be Collected

Changes in accretable yield, or income expected to be collected, are as follows:

		(In Thousands)								(In Thousands)
		Three Months Ended  September 30, 2024				Three Months Ended  September 30, 2023				Nine Months Ended  September 30, 2024				Nine Months Ended  September 30, 2023
Beginning Balance		$	450			$	680			$	566			$	798
Additions			-				2				-				6
Accretion			(58	)			(58	)			(174	)			(174	)
Reclassification from    nonaccretable    difference			-				-				-				-
Disposals			-				-				-				(6	)
Ending Balance		$	392			$	624			$	392			$	624

Perpetual Federal Savings Bank [Member]

Business Acquisition [Line Items]

Summary of Changes in Accretable Yield or Income Expected to be Collected

Changes in accretable yield, or income expected to be collected, are as follows:

		(In Thousands)								(In Thousands)
		Three Months Ended  September 30, 2024				Three Months Ended  September 30, 2023				Nine Months Ended  September 30, 2024				Nine Months Ended  September 30, 2023
Beginning Balance		$	2,124			$	3,572			$	2,795			$	4,236
Additions			-				14				-				39
Accretion			(335	)			(456	)			(1,006	)			(1,145	)
Reclassification from    nonaccretable    difference			-				-				-				-
Disposals			-				-				-				-
Ending Balance		$	1,789			$	3,130			$	1,789			$	3,130

Ossian Financial Services, Inc. [Member]

Business Acquisition [Line Items]

Summary of Changes in Accretable Yield or Income Expected to be Collected

Changes in accretable yield, or income expected to be collected, are as follows:

		(In Thousands)								(In Thousands)
		Three Months Ended  September 30, 2024				Three Months Ended  September 30, 2023				Nine Months Ended  September 30, 2024				Nine Months Ended  September 30, 2023
Beginning Balance		$	206			$	382			$	294			$	470
Additions			-				-				-				-
Accretion			(44	)			(44	)			(132	)			(132	)
Reclassification from    nonaccretable    difference			-				-				-				-
Disposals			-				-				-				-
Ending Balance		$	162			$	338			$	162			$	338

Limberlost Bancshares Inc [Member]

Business Acquisition [Line Items]

Summary of Changes in Accretable Yield or Income Expected to be Collected

Changes in accretable yield, or income expected to be collected, are as follows:

		(In Thousands)								(In Thousands)
		Three Months Ended  September 30, 2024				Three Months Ended  September 30, 2023				Nine Months Ended  September 30, 2024				Nine Months Ended  September 30, 2023
Beginning Balance		$	146			$	575			$	363			$	785
Additions			-				6				-				11
Accretion			(109	)			(109	)			(327	)			(324	)
Reclassification from    nonaccretable    difference			-				-				1				-
Disposals			-				-				-				-
Ending Balance		$	37			$	472			$	37			$	472

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