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Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2020

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of the Loan Portfolio

	December 31, 2020						December 31, 2019
Real Estate:
Residential	$	263,127		18.6	%		$	229,781		24.9	%
Commercial		579,104		41.0				391,327		42.3
Agricultural		66,334		4.7				—		—
Construction		21,005		1.5				17,732		1.9
Commercial loans		283,741		20.1				134,150		14.5
Other agricultural loans		40,929		2.9				—		—
Consumer loans to individuals		158,049		11.2				151,686		16.4
Total loans		1,412,289		100.0	%			924,676		100.0	%
Deferred fees, net		(1,557)						(95)
Total loans receivable		1,410,732						924,581
Allowance for loan losses		(13,150)						(8,509)
Net loans receivable	$	1,397,582					$	916,072

Changes in the Accretable Yield for Purchased Credit-impaired Loans

	2020			2019
Balance at beginning of period	$	—		$	29
Additions		1,724			—
Accretion		(353)			(29)
Reclassification and other		(6)			—
Balance at end of period	$	1,365		$	—

Information Regarding Loans Acquired and Accounted for in Accordance With ASC 310-30

	December 31, 2020			December 31, 2019
Outstanding Balance
	$	15,570		$	793
Carrying Amount
	$	9,281		$	696

Components Of Purchase Accounting Adjustments Related To Purchased Credit-impaired Loans Acquired

(In Thousands)	July 7, 2020
Contractually required principal and interest	$	15,410
Non-accretable discount		(5,213)
Expected cash flows		10,197
Accretable discount		(1,724)
Estimated fair value	$	8,473

Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment

	Real Estate Loans
													Commercial				Other		Consumer
	Residential			Commercial				Agricultural		Construction			Loans				Agricultural		Loans			Total
	(In thousands)
December 31, 2020
Individually evaluated for impairment	$	—		$	2,582		$	—		$	—		$	80		$	—		$	—		$	2,662
Loans acquired with deteriorated credit quality		591			3,995			2,043			194			246			2,212			—			9,281
Collectively evaluated for impairment		262,536			572,527			64,291			20,811			283,415			38,717			158,049			1,400,346
Total Loans	$	263,127		$	579,104		$	66,334		$	21,005		$	283,741		$	40,929		$	158,049		$	1,412,289

	Real Estate Loans
													Commercial				Other		Consumer
	Residential			Commercial				Agricultural		Construction			Loans				Agricultural		Loans			Total
	(In thousands)
December 31, 2019
Individually evaluated for impairment	$	—		$	2,144		$	—		$	—		$	—		$	—		$	—		$	2,144
Loans acquired with deteriorated credit quality		476			220			—			—			—			—			—			696
Collectively evaluated for impairment		229,305			388,963			—			17,732			134,150			—			151,686			921,836
Total Loans	$	229,781		$	391,327		$	—		$	17,732		$	134,150		$	—		$	151,686		$	924,676

Impaired Loans and Related Interest Income by Loan Portfolio Class

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable.

				Unpaid Principal
	Recorded			Principal			Associated
	Investment			Balance			Allowance
December 31, 2020	(In thousands)
With no related allowance recorded:
Real Estate Loans
Commercial	$	2,582		$	3,234		$	—
Commercial loans		80			80			—
Subtotal		2,662			3,314			—
Total:
Real Estate Loans
Commercial	$	2,582		$	3,234		$	—
Commercial loans		80			80			—
Total Impaired Loans	$	2,662		$	3,314		$	—

				Unpaid
	Recorded			Principal			Associated
	Investment			Balance			Allowance
December 31, 2019	(In thousands)
With no related allowance recorded:
Real Estate Loans
Commercial	$	143		$	394		$	—
Subtotal		143			394			—
With an allowance recorded:
Real Estate Loans
Commercial		2,001			2,001			417
Subtotal		2,001			2,001			417
Total:
Real Estate Loans
Commercial		2,144			2,395			417
Total Impaired Loans	$	2,144		$	2,395		$	417

The following information for impaired loans is presented for the years ended December 31, 2020 and 2019:

	Average Recorded						Interest Income
	Investment						Recognized
	2020			2019			2020			2019
	(In thousands)
Total:
Real Estate Loans
Commercial	$	2,105		$	1,036		$	14		$	233
Commercial loans		16			—			—			—
Total Loans	$	2,121		$	1,036		$	14		$	233

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

				Special
	Pass			Mention			Substandard			Doubtful			Loss			Total
December 31, 2020
Commercial real estate loans	$	566,418		$	6,346		$	6,340		$	—		$	—		$	579,104
Real estate - agricultural		58,322			5,111			2,901			—			—			66,334
Commercial loans		282,915			437			389			—			—			283,741
Other agricultural loans		35,772			2,786			2,371			—			—			40,929
Total	$	943,427		$	14,680		$	12,001		$	—		$	—		$	970,108

				Special
	Pass			Mention			Substandard			Doubtful			Loss			Total
December 31, 2019
Commercial real estate loans	$	376,109		$	12,268		$	2,950		$	-		$	-		$	391,327
Commercial		133,695			248			207			-			-			134,150
Total	$	509,804		$	12,516		$	3,157		$	-		$	-		$	525,477

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. Nonperforming loans include loans that have been placed on nonaccrual status and loans remaining in accrual status on which the contractual payment of principal and interest has become 90 days past due.

The following table presents the recorded investment in the loan classes based on payment activity as of December 31, 2020 and December 31, 2019 (in thousands):

	Performing			Nonperforming			Total
December 31, 2020
Residential real estate loans	$	262,556		$	571		$	263,127
Construction		21,005			—			21,005
Consumer loans to individuals		157,864			185			158,049
Total	$	441,425		$	756		$	442,181

	Performing			Nonperforming			Total
December 31, 2019
Residential real estate loans	$	229,214		$	567		$	229,781
Construction		17,732			—			17,732
Consumer loans to individuals		151,607			79			151,686
Total	$	398,553		$	646		$	399,199

Loan Portfolio Summarized by the Past Due Status

	Current			31-60 Days Past Due			61-90 Days Past Due			Greater than 90 Days Past Due and still accruing			Non-Accrual			Total Past Due and Non-Accrual			Purchased Credit Impaired Loans			Total Loans
December 31, 2020
Real Estate loans
Residential	$	261,406		$	355		$	204		$	—		$	571		$	1,130		$	591		$	263,127
Commercial		573,376			59			—			—			1,674			1,733			3,995			579,104
Agricultural		63,615			—			—			—			676			676			2,043			66,334
Construction		20,811			—			—			—			—			—			194			21,005
Commercial loans		282,374			1,009			90			—			22			1,121			246			283,741
Other agricultural loans		38,454			—			—			—			263			263			2,212			40,929
Consumer loans		157,538			233			93			—			185			511			-			158,049
Total	$	1,397,574		$	1,656		$	387		$	—		$	3,391		$	5,434		$	9,281		$	1,412,289

	Current			31-60 Days Past Due			61-90 Days Past Due			Greater than 90 Days Past Due and still accruing			Non-Accrual			Total Past Due and Non-Accrual			Purchased Credit Impaired Loans			Total Loans
December 31, 2019
Real Estate loans
Residential	$	227,766		$	727		$	245		$	—		$	567		$	1,539		$	476		$	229,781
Commercial		387,897			176			2,935			—			99			3,210			220			391,327
Construction		17,695			—			37			—			—			37			—			17,732
Commercial loans		134,018			82			—			—			50			132			—			134,150
Consumer loans		151,309			233			65			—			79			377			—			151,686
Total	$	918,685		$	1,218		$	3,282		$	—		$	795		$	5,295		$	696		$	924,676

Allowance for Loan Losses and Recorded Investment in Financing Receivables

The following table presents the allowance for loan losses by the classes of the loan portfolio:

(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2019	$	1,552		$	4,687		$	95		$	949		$	1,226		$	8,509
Charge Offs		(41)			(452)			—			(18)			(431)			(942)
Recoveries		6			39			—			44			44			133
Provision for loan losses		443			3,730			55			385			837			5,450
Ending balance, December 31, 2020	$	1,960		$	8,004		$	150		$	1,360		$	1,676		$	13,150
Ending balance individually evaluated ‎for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Ending balance collectively evaluated for impairment	$	1,960		$	8,004		$	150		$	1,360		$	1,676		$	13,150

(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2018	$	1,328		$	5,455		$	93		$	712		$	864		$	8,452
Charge Offs		(102)			(627)			—			(284)			(420)			(1,433)
Recoveries		24			125			—			48			43			240
Provision for loan losses		302			(266)			2			473			739			1,250
Ending balance, December 31, 2019	$	1,552		$	4,687		$	95		$	949		$	1,226		$	8,509
Ending balance individually evaluated ‎for impairment	$	—		$	417		$	—		$	—		$	—		$	417
Ending balance collectively evaluated for impairment	$	1,552		$	4,270		$	95		$	949		$	1,226		$	8,092

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