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Loans Receivable and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2024
Loans Receivable and Allowance for Credit Losses [Abstract]  
Composition of the Loan Portfolio

December 31, 2024

December 31, 2023

Real Estate:

Residential

$

330,856

19.3

%

$

316,546

19.7

%

Commercial

716,875

41.8

675,156

42.1

Agricultural

63,488

3.7

63,859

4.0

Construction

53,020

3.1

51,453

3.2

Commercial loans

211,991

12.4

200,576

12.5

Other agricultural loans

30,077

1.7

31,966

2.0

Consumer loans to individuals

307,775

18.0

264,321

16.5

Total loans

1,714,082

100.0

%

1,603,877

100.0

%

Deferred fees, net

(444)

(259)

Total loans receivable

1,713,638

1,603,618

Allowance for credit losses

(19,843)

(18,968)

Net loans receivable

$

1,693,795

$

1,584,650
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, 2024

Individually evaluated

$

940

$

7,197

$

—

$

—

$

854

$

—

$

1,031

$

10,022

Collectively evaluated

329,916

709,678

63,488

53,020

211,137

30,077

306,744

1,704,060

Total Loans

$

330,856

$

716,875

$

63,488

$

53,020

$

211,991

$

30,077

$

307,775

$

1,714,082

Real Estate Loans

Commercial

Other

Consumer

Residential

Commercial

Agricultural

Construction

Loans

Agricultural

Loans

Total

(In thousands)

December 31, 2023

Individually evaluated

$

432

$

2,211

$

—

$

—

$

4,264

$

—

$

715

$

7,622

Collectively evaluated

316,114

672,945

63,859

51,453

196,312

31,966

263,606

1,596,255

Total Loans

$

316,546

$

675,156

$

63,859

$

51,453

$

200,576

$

31,966

$

264,321

$

1,603,877
Summary of Recorded Investment in Loan Classes Based on Payment Activity

Revolving

Revolving

Term Loans Amortized Costs Basis by Origination Year

Loans

Loans

Amortized

Converted

December 31, 2024

2024

2023

2022

2021

2020

Prior

Cost Basis

to Term

Total

Residential real estate

Payment Performance

Performing

$

22,842

$

41,384

$

60,194

$

52,712

$

32,161

$

89,965

$

30,658

$

-

$

329,916

Nonperforming

-

125

52

184

-

560

19

-

940

Total

$

22,842

$

41,509

$

60,246

$

52,896

$

32,161

$

90,525

$

30,677

$

-

$

330,856

Residential real estate

Current period gross charge-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Construction

Payment Performance

Performing

$

28,817

$

12,986

$

9,024

$

431

$

-

$

144

$

1,618

$

-

$

53,020

Nonperforming

-

-

-

-

-

-

-

-

-

Total

$

28,817

$

12,986

$

9,024

$

431

$

-

$

144

$

1,618

$

-

$

53,020

Construction

Current period gross charge-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Consumer loans to individuals

Payment Performance

Performing

$

125,254

$

93,392

$

52,009

$

15,679

$

8,316

$

11,207

$

887

$

-

$

306,744

Nonperforming

97

401

377

114

26

16

-

-

1,031

Total

$

125,351

$

93,793

$

52,386

$

15,793

$

8,342

$

11,223

$

887

$

-

$

307,775

Consumer loans to individuals

Current period gross charge-offs

$

123

$

511

$

850

$

203

$

87

$

75

$

-

$

-

$

1,849

Total

Payment Performance

Performing

$

176,913

$

147,762

$

121,227

$

68,822

$

40,477

$

101,316

$

33,163

$

-

$

689,680

Nonperforming

97

526

429

298

26

576

19

-

1,971

Total

$

177,010

$

148,288

$

121,656

$

69,120

$

40,503

$

101,892

$

33,182

$

-

$

691,651

Revolving

Revolving

Term Loans Amortized Costs Basis by Origination Year

Loans

Loans

Amortized

Converted

December 31, 2023

2023

2022

2021

2020

2019

Prior

Cost Basis

to Term

Total

Residential real estate

Payment Performance

Performing

$

27,446

$

62,178

$

57,691

$

35,357

$

16,406

$

87,951

$

29,085

$

-

$

316,114

Nonperforming

-

-

-

-

58

324

50

-

432

Total

$

27,446

$

62,178

$

57,691

$

35,357

$

16,464

$

88,275

$

29,135

$

-

$

316,546

Residential real estate

Current period gross charge-offs

$

-

$

-

$

-

$

-

$

-

$

34

$

-

$

-

$

34

Construction

Payment Performance

Performing

$

23,500

$

14,906

$

6,791

$

1,599

$

1,829

$

624

$

2,204

$

-

$

51,453

Nonperforming

-

-

-

-

-

-

-

-

-

Total

$

23,500

$

14,906

$

6,791

$

1,599

$

1,829

$

624

$

2,204

$

-

$

51,453

Construction

Current period gross charge-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Consumer loans to individuals

Payment Performance

Performing

$

127,243

$

76,339

$

24,584

$

14,343

$

10,217

$

9,942

$

938

$

-

$

263,606

Nonperforming

111

404

118

31

41

10

-

-

715

Total

$

127,354

$

76,743

$

24,702

$

14,374

$

10,258

$

9,952

$

938

$

-

$

264,321

Consumer loans to individuals

Current period gross charge-offs

$

45

$

710

$

200

$

35

$

45

$

28

$

4

$

-

$

1,067

Total

Payment Performance

Performing

$

178,189

$

153,423

$

89,066

$

51,299

$

28,452

$

98,517

$

32,227

$

-

$

631,173

Nonperforming

111

404

118

31

99

334

50

-

1,147

Total

$

178,300

$

153,827

$

89,184

$

51,330

$

28,551

$

98,851

$

32,277

$

-

$

632,320
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

Total Loans

December 31, 2024

Real Estate loans

Residential

$

329,578

$

70

$

268

$

—

$

940

$

1,278

$

330,856

Commercial

709,821

1,182

129

—

5,743

7,054

716,875

Agricultural

63,488

—

—

—

—

—

63,488

Construction

53,009

11

—

—

—

11

53,020

Commercial loans

211,520

194

117

33

127

471

211,991

Other agricultural loans

30,028

49

—

—

—

49

30,077

Consumer loans

305,676

805

263

121

910

2,099

307,775

Total

$

1,703,120

$

2,311

$

777

$

154

$

7,720

$

10,962

$

1,714,082

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

Total Loans

December 31, 2023

Real Estate loans

Residential

$

315,224

$

877

$

13

$

—

$

432

$

1,322

$

316,546

Commercial

666,768

6,177

—

—

2,211

8,388

675,156

Agricultural

63,732

127

—

—

—

127

63,859

Construction

51,435

—

18

—

—

18

51,453

Commercial loans

192,988

3,170

154

—

4,264

7,588

200,576

Other agricultural loans

31,959

7

—

—

—

7

31,966

Consumer loans

262,578

865

163

—

715

1,743

264,321

Total

$

1,584,684

$

11,223

$

348

$

—

$

7,622

$

19,193

$

1,603,877
Summary of Carrying Value of Loan on Nonaccrual Status

Nonaccrual

Nonaccrual

Loans Past Due

with no

with

Total

Over 90 Days

Total

ACL

ACL

Nonaccrual

Still Accruing

Nonperforming

December 31, 2024

Real Estate loans

Residential

$

936

$

4

$

940

$

-

$

940

Commercial

5,739

4

5,743

-

5,743

Agricultural

-

-

-

-

-

Construction

-

-

-

-

-

Commercial loans

127

-

127

33

160

Other agricultural loans

-

-

-

-

-

Consumer loans

570

340

910

121

1,031

Total

$

7,372

$

348

$

7,720

$

154

$

7,874

Nonaccrual

Nonaccrual

Loans Past Due

with no

with

Total

Over 90 Days

Total

ACL

ACL

Nonaccrual

Still Accruing

Nonperforming

December 31, 2023

Real Estate loans

Residential

$

432

$

-

$

432

$

-

$

432

Commercial

2,211

-

2,211

-

2,211

Agricultural

-

-

-

-

-

Construction

-

-

-

-

-

Commercial loans

4,264

-

4,264

-

4,264

Other agricultural loans

-

-

-

-

-

Consumer loans

162

553

715

-

715

Total

$

7,069

$

553

$

7,622

$

-

$

7,622
Summary of Collateral Dependent Nonaccrual Loans

Real Estate

Other

Total

December 31, 2024

Real Estate loans

Residential

$

940

$

-

$

940

Commercial

5,743

-

5,743

Agricultural

-

-

-

Construction

-

-

-

Commercial loans

49

78

127

Other agricultural loans

-

-

-

Consumer loans

-

910

910

Total

$

6,732

$

988

$

7,720

Real Estate

Other

Total

December 31, 2023

Real Estate loans

Residential

$

432

$

-

$

432

Commercial

2,211

-

2,211

Agricultural

-

-

-

Construction

-

-

-

Commercial loans

49

4,215

4,264

Other agricultural loans

-

-

-

Consumer loans

-

715

715

Total

$

2,692

$

4,930

$

7,622
Allowance for Loan Losses and Recorded Investment in Financing Receivables

(In thousands)

Residential Real Estate

Commercial Real Estate

Agricultural

Construction

Commercial

Other Agricultural

Consumer

Total

Beginning balance, December 31, 2023

$

1,351

$

11,871

$

58

$

933

$

1,207

$

94

$

3,454

$

18,968

Charge Offs

—

—

—

—

(100)

—

(1,849)

(1,949)

Recoveries

41

110

—

—

—

—

127

278

Provision for credit losses

(246)

(575)

(10)

(49)

625

68

2,733

2,546

Ending balance, December 31, 2024

$

1,146

$

11,406

$

48

$

884

$

1,732

$

162

$

4,465

$

19,843

Ending balance individually evaluated

$

4

$

315

$

—

$

—

$

—

$

—

$

340

$

659

Ending balance collectively evaluated
‎

$

1,142

$

11,091

$

48

$

884

$

1,732

$

162

$

4,125

$

19,184

(In thousands)

Residential Real Estate

Commercial Real Estate

Agricultural

Construction

Commercial

Other Agricultural

Consumer

Total

Beginning balance, December 31, 2022

$

2,833

$

8,293

$

259

$

409

$

2,445

$

124

$

2,636

$

16,999

Impact of adopting ASC 326

(1,545)

5,527

(200)

388

(1,156)

3

(551)

2,466

Charge Offs

(34)

(154)

—

—

(4,953)

—

(1,067)

(6,208)

Recoveries

6

15

—

—

21

—

88

130

Provision for credit losses

91

(1,810)

(1)

136

4,850

(33)

2,348

5,581

Ending balance, December 31, 2023

$

1,351

$

11,871

$

58

$

933

$

1,207

$

94

$

3,454

$

18,968

Ending balance individually evaluated

$

—

$

—

$

—

$

—

$

—

$

—

$

135

$

135

Ending balance collectively evaluated
‎

$

1,351

$

11,871

$

58

$

933

$

1,207

$

94

$

3,319

$

18,833
Loan Modifications Made to Borrowers

Loan Modifications Made to Borrowers Experiencing Financial Difficulty During the Year Ended December 31, 2024

Significant Payment Delay

Amortized Cost Basis at December 31, 2024

% of Total Class of Financing Receivable

Financial Effect

(in thousands)

Residential real estate loans

$

53

0.02

%

Deferred principal for 4 months

Commercial real estate loans

1,424

0.20

Deferred principal for 2-5 months

Commercial loans

875

0.41

Deferred principal for 2-5 months

Total

$

2,352

Term Extension

Amortized Cost Basis at December 31, 2024

% of Total Class of Financing Receivable

Financial Effect

(in thousands)

Residential real estate loans

$

68

0.02

%

Added a weighted-average 5.0 years to the life of loans

Commercial real estate loans

540

0.08

Added a weighted-average 9.5 months to the life of loans

Agricultural real estate loans

565

0.89

Added a weighted-average 20 years to the life of loans

Other agricultural loans

300

1.00

Added a weighted-average 1 year to the life of loans

Consumer loans to individuals

51

0.02

Added a weighted-average 1.4 years to the life of loans

Total

$

1,524

Combination -Significant Payment Delay and Term Extension

Amortized Cost Basis at December 31, 2024

% of Total Class of Financing Receivable

Financial Effect

Commercial real estate loans

$

3,779

0.53

%

Deferred principal for 6 months and extended term by 4 months

Total

$

3,779

 

Loan Modifications Made to Borrowers Experiencing Financial Difficulty During the Year Ended December 31, 2023

Term Extension

Amortized Cost Basis at December 31, 2023

% of Total Class of Financing Receivable

Financial Effect

Commercial real estate loans

$

4,321,547

0.64

%

Extended maturity date of loans by three to six months.

Total

$

4,321,547

Combination - Term Extension and Interest Rate Adjustment

Amortized Cost Basis at December 31, 2023

% of Total Class of Financing Receivable

Financial Effect

Consumer loans to individuals

$

19,225

0.01

%

New loans were granted which extended terms for a weighted average of 34 months and rates were increased from a weighted average rate of 5.25% to a weighted average rate of 11.03%

Total

$

19,225