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Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2022

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of the Loan Portfolio

	December 31, 2022						December 31, 2021
Real Estate:
Residential	$	298,813		20.3	%		$	273,040		20.1	%
Commercial		651,544		44.2				628,724		46.4
Agricultural		68,915		4.7				61,925		4.6
Construction		32,469		2.2				21,990		1.6
Commercial loans		187,257		12.7				186,031		13.7
Other agricultural loans		35,277		2.4				37,930		2.8
Consumer loans to individuals		200,149		13.5				146,400		10.8
Total loans		1,474,424		100.0	%			1,356,040		100.0	%
Deferred fees, net		(479)						(1,109)
Total loans receivable		1,473,945						1,354,931
Allowance for loan losses		(16,999)						(16,442)
Net loans receivable	$	1,456,946					$	1,338,489

Changes in the Accretable Yield for Purchased Credit-impaired Loans

	2022			2021
Balance at beginning of period	$	1,884		$	1,365
Additions		—			—
Accretion		(710)			(880)
Reclassification and other		653			1,399
Balance at end of period	$	1,827		$	1,884

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

	December 31, 2022			December 31, 2021
Outstanding Balance
	$	8,368		$	12,862
Carrying Amount
	$	6,290		$	8,304

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, 2022
Individually evaluated for impairment	$	—		$	402		$	—		$	—		$	61		$	—		$	—		$	463
Loans acquired with deteriorated credit quality		567			2,049			2,034			—			1,640			—			—			6,290
Collectively evaluated for impairment		298,246			649,093			66,881			32,469			185,556			35,277			200,149			1,467,671
Total Loans	$	298,813		$	651,544		$	68,915		$	32,469		$	187,257		$	35,277		$	200,149		$	1,474,424

	Real Estate Loans
													Commercial				Other		Consumer
	Residential			Commercial				Agricultural		Construction			Loans				Agricultural		Loans			Total
	(In thousands)
December 31, 2021
Individually evaluated for impairment	$	—		$	1,658		$	—		$	—		$	16		$	—		$	—		$	1,674
Loans acquired with deteriorated credit quality		784			3,285			1,918			—			198			2,119			—			8,304
Collectively evaluated for impairment		272,256			623,781			60,007			21,990			185,817			35,811			146,400			1,346,062
Total Loans	$	273,040		$	628,724		$	61,925		$	21,990		$	186,031		$	37,930		$	146,400		$	1,356,040

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, 2022	(In thousands)
With no related allowance recorded:
Real Estate Loans
Commercial	$	402		$	402		$	—
Commercial loans		11			11			—
Subtotal		413			413			—
With an allowance recorded:
Commercial loans		50			50			50
Subtotal		50			50			50
Total:
Real Estate Loans
Commercial	$	402		$	402		$	—
Commercial loans		61			61			50
Total Impaired Loans	$	463		$	463		$	50

				Unpaid
	Recorded			Principal			Associated
	Investment			Balance			Allowance
December 31, 2021	(In thousands)
With no related allowance recorded:
Real Estate Loans
Commercial	$	141		$	141		$	—
Commercial loans		16			16			—
Subtotal		157			157			—
With an allowance recorded:
Real Estate Loans
Commercial		1,517			1,517			272
Subtotal		1,517			1,517			272
Total:
Real Estate Loans
Residential								—
Commercial	$	1,658		$	1,658		$	272
Commercial loans		16			16			—
Total Impaired Loans	$	1,674		$	1,674		$	272

The following information for impaired loans is presented for the years ended December 31, 2022 and 2021:

	Average Recorded						Interest Income
	Investment						Recognized
	2022			2021			2022			2021
	(In thousands)
Total:
Real Estate Loans
Commercial	$	740		$	2,358		$	93		$	157
Commercial loans		24			18			—			7
Total Loans	$	764		$	2,376		$	93		$	164

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating

				Special
	Pass			Mention			Substandard			Doubtful			Loss			Total
December 31, 2022
Commercial real estate loans	$	646,775		$	1,079		$	3,690		$	—		$	—		$	651,544
Real estate - agricultural		66,444			368			2,103			—			—			68,915
Commercial loans		186,966			184			107			—			—			187,257
Other agricultural loans		34,071			556			650			—			—			35,277
Total	$	934,256		$	2,187		$	6,550		$	—		$	—		$	942,993

				Special
	Pass			Mention			Substandard			Doubtful			Loss			Total
December 31, 2021
Commercial real estate loans	$	618,541		$	5,146		$	4,765		$	—		$	272		$	628,724
Real estate - agricultural		60,193			—			1,732			—			—			61,925
Commercial loans		185,729			199			103			—			—			186,031
Other agricultural loans		35,573			210			2,147			—			—			37,930
Total	$	900,036		$	5,555		$	8,747		$	-		$	272		$	914,610

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, 2022 and December 31, 2021 (in thousands):

	Performing			Nonperforming			Total
December 31, 2022
Residential real estate loans	$	298,327		$	486		$	298,813
Construction		32,469			—			32,469
Consumer loans to individuals		199,985			164			200,149
Total	$	530,781		$	650		$	531,431

	Performing			Nonperforming			Total
December 31, 2021
Residential real estate loans	$	272,571		$	469		$	273,040
Construction		21,990			—			21,990
Consumer loans to individuals		146,345			55			146,400
Total	$	440,906		$	524		$	441,430

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, 2022
Real Estate loans
Residential	$	297,350		$	187		$	223		$	—		$	486		$	896		$	567		$	298,813
Commercial		648,688			405			—			—			402			807			2,049			651,544
Agricultural		66,751			130			—			—			—			130			2,034			68,915
Construction		32,469			—			—			—			—			—			-			32,469
Commercial loans		185,485			71			—			—			61			132			1,640			187,257
Other agricultural loans		35,277			—			—			—			—			—			—			35,277
Consumer loans		198,893			853			239			—			164			1,256			-			200,149
Total	$	1,464,913		$	1,646		$	462		$	—		$	1,113		$	3,221		$	6,290		$	1,474,424

	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, 2021
Real Estate loans
Residential	$	271,622		$	155		$	10		$	—		$	469		$	634		$	784		$	273,040
Commercial		625,336			—			—			—			103			103			3,285			628,724
Agricultural		59,982			25			—			—			—			25			1,918			61,925
Construction		21,990			—			—			—			—			—			-			21,990
Commercial loans		185,801			3			13			91			16			32			198			186,031
Other agricultural loans		35,811			—			—			—			—			—			2,119			37,930
Consumer loans		145,986			248			111			—			55			414			-			146,400
Total	$	1,346,528		$	431		$	134		$	91		$	643		$	1,208		$	8,304		$	1,356,040

Allowance for Loan Losses and Recorded Investment in Financing Receivables

	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, 2021
Real Estate loans
Residential	$	271,622		$	155		$	10		$	—		$	469		$	634		$	784		$	273,040
Commercial		625,336			—			—			—			103			103			3,285			628,724
Agricultural		59,982			25			—			—			—			25			1,918			61,925
Construction		21,990			—			—			—			—			—			-			21,990
Commercial loans		185,801			3			13			91			16			32			198			186,031
Other agricultural loans		35,811			—			—			—			—			—			2,119			37,930
Consumer loans		145,986			248			111			—			55			414			-			146,400
Total	$	1,346,528		$	431		$	134		$	91		$	643		$	1,208		$	8,304		$	1,356,040

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

(In thousands)	Residential Real Estate			Commercial Real Estate			Agricultural			Construction			Commercial			Other Agricultural			Consumer			Total
Beginning balance, December 31, 2021	$	2,175		$	10,878		$	—		$	133		$	1,490		$	—		$	1,766		$	16,442
Charge Offs		(172)			(20)			—			—			(16)			—			(457)			(665)
Recoveries		130			82			—			—			46			—			64			322
Provision for loan losses		700			(2,647)			259			276			925			124			1,263			900
Ending balance, December 31, 2022	$	2,833		$	8,293		$	259		$	409		$	2,445		$	124		$	2,636		$	16,999
Ending balance individually evaluated ‎for impairment	$	—		$	—		$	—		$	—		$	50		$	—		$	—		$	50
Ending balance collectively evaluated ‎for impairment	$	2,833		$	8,293		$	259		$	409		$	2,395		$	124		$	2,636		$	16,949

(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2020	$	1,960		$	8,004		$	150		$	1,360		$	1,676		$	13,150
Charge Offs		(17)			(452)			—			(200)			(480)			(1,149)
Recoveries		74			19			—			49			99			241
Provision for loan losses		158			3,307			(17)			281			471			4,200
Ending balance, December 31, 2021	$	2,175		$	10,878		$	133		$	1,490		$	1,766		$	16,442
Ending balance individually evaluated ‎for impairment	$	—		$	272		$	—		$	—		$	—		$	272
Ending balance collectively evaluated for impairment	$	2,175		$	10,606		$	133		$	1,490		$	1,766		$	16,170

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