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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2018

Loans and Allowance for Loan Losses [Abstract]

Summary of categories of loans

		Total Loans								Non-Accrual Loans
($ in thousands)		June 2018				Dec.  2017				June  2018				Dec. 2017
Commercial & Industrial		$	114,592			$	101,554				33				121
Commercial RE & Construction			350,266				332,154				233				1,322
Agricultural & Farmland			52,466				51,947				-				-
Residential Real Estate			172,773				150,854				1,634				1,123
Consumer & Other			62,639				59,619				221				138
Total Loans		$	752,736			$	696,128			$	2,121			$	2,704
Net deferred costs		$	549			$	487
Total Loans, net deferred costs		$	753,285			$	696,615
Allowance for loan losses		$	(8,494	)		$	(7,930	)

Summary of allowance for loan and lease losses and recorded investment in loans based on portfolio segment and impairment method

		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
ALLOWANCE FOR LOAN AND LEASE LOSSES
For the Three Months Ended - June 30, 2018
Beginning balance		$	978			$	3,673			$	517			$	2,359			$	692			$	8,219
Charge Offs			-				(17	)			-				(26	)			(11	)		$	(54	)
Recoveries			-				26				-				1				2				29
Provision			83				38				(29	)			216				(8	)			300
Ending Balance		$	1,061			$	3,720			$	488			$	2,550			$	675			$	8,494
For the Six Months Ended - June 30, 2018
Beginning balance		$	823			$	3,779			$	505			$	2,129			$	694			$	7,930
Charge Offs			-				(36	)			-				(26	)			(11	)		$	(73	)
Recoveries			-				29				-				2				6				37
Provision			238				(52	)			(17	)			445				(14	)			600
Ending Balance		$	1,061			$	3,720			$	488			$	2,550			$	675			$	8,494

		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
Loans Receivable at June 30, 2018
Allowance:
Ending balance:
individually evaluated for impairment		$	-			$	-			$	-			$	136			$	4			$	140
Ending balance:
collectively evaluated for impairment		$	1,061			$	3,720			$	488			$	2,414			$	671			$	8,354
Loans:
Ending balance:
individually evaluated for impairment		$	-			$	294			$	-			$	2,291			$	183			$	2,768
Ending balance:
collectively evaluated for impairment		$	114,592			$	349,972			$	52,466			$	170,482			$	62,456			$	749,968

		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
Loans Receivable at December 31, 2017
Allowance:
Ending balance:
individually evaluated for impairment		$	-			$	146			$	-			$	178			$	5			$	329
Ending balance:
collectively evaluated for impairment		$	823			$	3,633			$	505			$	1,951			$	689			$	7,601
Loans:
Ending balance:
individually evaluated for impairment		$	-			$	1,385			$	-			$	1,830			$	197			$	3,412
Ending balance:
collectively evaluated for impairment		$	101,554			$	330,769			$	51,947			$	149,024			$	59,422			$	692,716

		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
ALLOWANCE FOR LOAN AND LEASE LOSSES
For the Three Months Ended - June 30, 2017
Beginning balance		$	998			$	3,196			$	469			$	2,013			$	1,003			$	7,679
Charge Offs			(50	)			-				-				-				(19	)		$	(69	)
Recoveries			5				2				1				4				3				15
Provision			42				254				42				(29	)			(109	)			200
Ending Balance		$	995			$	3,452			$	512			$	1,988			$	878			$	7,825

		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
ALLOWANCE FOR LOAN AND LEASE LOSSES
For the Six Months Ended - June 30, 2017
Beginning balance		$	1,204			$	3,321			$	347			$	1,963			$	890			$	7,725
Charge Offs			(50	)			-				-				(22	)			(48	)		$	(120	)
Recoveries			6				2				2				4				6				20
Provision			(165	)			129				163				43				30				200
Ending Balance		$	995			$	3,452			$	512			$	1,988			$	878			$	7,825

Summary of credit risk profile of the Company's loan portfolio based on rating category

June 30, 2018		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
1-2		$	-			$	6			$	-			$	-			$	1			$	7
3			18,645				92,782				7,531				128,415				60,319				307,692
4			91,251				255,502				44,428				42,228				1,964				435,373
Total Pass (1 - 4)			109,896				348,290				51,959				170,643				62,284				743,072
Special Mention (5)			834				1,058				507				-				66				2,465
Substandard (6)			3,280				685				-				2,094				289				6,348
Doubtful (7)			582				233				-				36				-				851
Loss (8)			-				-				-				-				-				-
Total Loans		$	114,592			$	350,266			$	52,466			$	172,773			$	62,639			$	752,736

December 31, 2017		Commercial				Commercial RE				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				& Construction				& Farmland				Real Estate				& Other				Total
1-2		$	96			$	13			$	-			$	832			$	1			$	942
3			19,883				93,222				8,080				114,130				57,204				292,519
4			80,448				236,217				43,735				34,271				2,151				396,822
Total Pass (1 - 4)			100,427				329,452				51,815				149,233				59,356				690,283
Special Mention (5)			512				1,100				132				-				66				1,810
Substandard (6)			7				580				-				1,583				197				2,367
Doubtful (7)			608				1,022				-				38				-				1,668
Loss (8)			-				-				-				-				-				-
Total Loans		$	101,554			$	332,154			$	51,947			$	150,854			$	59,619			$	696,128

Summary of loan portfolio aging analysis

		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
($ in thousands)		Past Due				Past Due				90 Days				Due				Current				Receivable
June 30, 2018
Commercial & Industrial		$	348			$	-			$	2			$	350			$	114,242			$	114,592
Commercial RE & Construction			-				90				7				97				350,169				350,266
Agricultural & Farmland			-				-				-				-				52,466				52,466
Residential Real Estate			288				201				544				1,033				171,740				172,773
Consumer & Other			39				21				179				239				62,400				62,639
Total Loans		$	675			$	312			$	732			$	1,719			$	751,017			$	752,736

		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
($ in thousands)		Past Due				Past Due				90 Days				Due				Current				Receivable
December 31, 2017
Commercial & Industrial		$	85			$	-			$	88			$	173			$	101,381			$	101,554
Commercial RE & Construction			110				-				1,086				1,196				330,958				332,154
Agricultural & Farmland			-				-				-				-				51,947				51,947
Residential Real Estate			484				379				433				1,296				149,558				150,854
Consumer & Other			182				21				103				306				59,313				59,619
Total Loans		$	861			$	400			$	1,710			$	2,971			$	693,157			$	696,128

Summary of impaired loan activity

Six Months Ended June 30, 2018		Recorded				Unpaid Principal				Related				Average  Recorded				Interest Income
($ in thousands)		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & Industrial		$	-			$	-			$	-			$	-			$	-
Commercial RE & Construction			294				294				-				337				12
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			1,275				1,319				-				2,000				41
Consumer & Other			100				100				-				116				4
With a specific allowance recorded:
Commercial & Industrial			-				-				-				-				-
Commercial RE & Construction			-				-				-				-				-
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			1,016				1,041				136				572				14
Consumer & Other			83				83				4				85				3
Totals:
Commercial & Industrial			-				-				-				-				-
Commercial RE & Construction			294				294				-				337				12
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			2,291				2,360				136				2,572				55
Consumer & Other		$	183			$	183			$	4			$	201			$	7

Three Months Ended June 30, 2018		Average Recorded				Interest Income
($ in thousands)		Investment				Recognized
With no related allowance recorded:
Commercial & Industrial		$	-			$	-
Commercial RE & Construction			337				6
Agricultural & Farmland			-				-
Residential Real Estate			1,996				21
Consumer & Other			114				2
With a specific allowance recorded:
Commercial & Industrial			-				-
Commercial RE & Construction			-				-
Agricultural & Farmland			-				-
Residential Real Estate			569				7
Consumer & Other			84				1
Totals:
Commercial & Industrial			-				-
Commercial RE & Construction			337				6
Agricultural & Farmland			-				-
Residential Real Estate			2,565				28
Consumer & Other		$	198			$	3

Twelve Months Ended December 31, 2017		Recorded				Unpaid  Principal				Related				Average Recorded				Interest Income
($ in thousands)		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & Industrial		$	-			$	-			$	-			$	-			$	-
Commercial RE & Construction			696				722				-				756				34
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			752				795				-				1,460				67
Consumer & Other			110				110				-				128				9
With a specific allowance recorded:
Commercial & Industrial			-				-				-				-				-
Commercial RE & Construction			689				689				146				713				-
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			1,078				1,097				178				628				25
Consumer & Other			87				87				5				91				5
Totals:
Commercial & Industrial			-				-				-				-				-
Commercial RE & Construction			1,385				1,411				146				1,469				34
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			1,830				1,892				178				2,088				92
Consumer & Other		$	197			$	197			$	5			$	219			$	14

		Six Months Ended								Three Months Ended
June 30, 2017		Average Recorded				Unpaid Principal				Average Recorded				Interest Income
($ in thousands)		Investment				Balance				Investment				Recognized
With no related allowance recorded:
Commercial & Industrial		$	-			$	-			$	-			$	-
Commercial RE & Construction			735				735				758				22
Agricultural & Farmland			-				-				-				-
Residential Real Estate			1,114				1,157				1,351				35
Consumer & Other			118				118				145				5
With a specific allowance recorded:
Commercial & Industrial			-				-				-				-
Commercial RE & Construction			689				689				738				(2	)
Agricultural & Farmland			-				-				-				-
Residential Real Estate			561				561				634				13
Consumer & Other			112				112				118				3
Totals:
Commercial & Industrial			-				-				-				-
Commercial RE & Construction			1,424				1,424				1,496				20
Agricultural & Farmland			-				-				-				-
Residential Real Estate			1,675				1,718				1,985				48
Consumer & Other		$	230			$	230			$	263			$	8

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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