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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Summary of categories of loans

		Total Loans								Nonaccrual Loans
($ in thousands)		June 2019				December 2018				June 2019				December 2018
Commercial & industrial		$	143,150			$	127,041			$	674			$	730
Commercial real estate - owner occupied			93,290				95,651				-				-
Commercial real estate - nonowner occupied			265,793				245,140				208				218
Agricultural			54,317				52,012				-				-
Residential real estate			194,887				187,104				1,801				1,752
Home equity line of credit (HELOC)			47,788				47,382				412				195
Consumer			14,636				16,954				11				11
Total Loans		$	813,861			$	771,284			$	3,106			$	2,906
Net deferred costs		$	648			$	599
Total Loans, net deferred costs		$	814,509			$	771,883
Allowance for loan losses		$	(8,306	)		$	(8,167	)

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

Allowance for loan losses ($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
For the Three Months Ended June 30, 2019
Beginning balance		$	1,334			$	3,269			$	466			$	2,316			$	736			$	8,121
Charge offs			-				-				-				-				(20	)			(20	)
Recoveries			1				-				-				1				3				5
Provision			43				179				43				(30	)			(35	)			200
Ending balance		$	1,378			$	3,448			$	509			$	2,287			$	684			$	8,306
For the Six Months Ended June 30, 2019
Beginning balance		$	1,435			$	2,923			$	482			$	2,567			$	760			$	8,167
Charge offs			(48	)			-				-				-				(32	)		$	(80	)
Recoveries			1				-				-				1				17				19
Provision			(10	)			525				27				(281	)			(61	)			200
Ending Balance		$	1,378			$	3,448			$	509			$	2,287			$	684			$	8,306

($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
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

($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Loans Receivable at June 30, 2019
Allowance:
Ending balance: individually evaluated for impairment		$	-			$	-			$	-			$	47			$	-			$	47
Ending balance: collectively evaluated for impairment		$	1,378			$	3,448			$	509			$	2,240			$	684			$	8,259
Loans:
Ending balance: individually evaluated for impairment		$	624			$	208			$	-			$	2,272			$	36			$	3,140
Ending balance: collectively evaluated for impairment		$	142,526			$	358,875			$	54,317			$	192,615			$	62,388			$	810,721

($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Loans Receivable at December 31, 2018
Allowance:
Ending balance: individually evaluated for impairment		$	61			$	-			$	-			$	73			$	4			$	138
Ending balance: collectively evaluated for impairment		$	1,374			$	2,923			$	482			$	2,494			$	756			$	8,029
Loans:
Ending balance: individually evaluated for impairment		$	700			$	283			$	-			$	2,111			$	190			$	3,284
Ending balance: collectively evaluated for impairment		$	126,341			$	340,508			$	52,012			$	184,993			$	64,146			$	768,000

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

($ in thousands) June 30, 2019		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	139,793			$	93,290			$	263,720			$	54,074			$	192,006			$	47,269			$	14,611			$	804,763
Special Mention (5)			2,611				-				956				243				-				-				-				3,810
Substandard (6)			565				-				909				-				2,847				519				25				4,865
Doubtful (7)			181				-				208				-				34				-				-				423
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	143,150			$	93,290			$	265,793			$	54,317			$	194,887			$	47,788			$	14,636			$	813,861

($ in thousands) December 31, 2018		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	123,861			$	95,651			$	243,188			$	51,702			$	184,581			$	47,148			$	16,854			$	762,985
Special Mention (5)			680				-				20				310				-				-				-				1,010
Substandard (6)			2,305				-				1,714				-				2,488				234				100				6,841
Doubtful (7)			195				-				218				-				35				-				-				448
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	127,041			$	95,651			$	245,140			$	52,012			$	187,104			$	47,382			$	16,954			$	771,284

Summary of loan portfolio aging analysis

		30-59				60-89				Greater Than				Total								Total
($ in thousands)		Days				Days				90 Days				Past								Loans
June 30, 2019		Past Due				Past Due				Past Due				Due				Current				Receivable
Commercial & industrial		$	1,053			$	-			$	152			$	1,205			$	141,945			$	143,150
Commercial real estate - owner occupied			-				-				-				-				93,290				93,290
Commercial real estate - nonowner occupied			2,802				21				-				2,823				262,970				265,793
Agricultural			-				-				-				-				54,317				54,317
Residential real estate			147				525				569				1,241				193,646				194,887
HELOC			74				134				110				318				47,470				47,788
Consumer			20				7				6				33				14,603				14,636
Total Loans		$	4,096			$	687			$	837			$	5,620			$	808,241			$	813,861

		30-59				60-89				Greater Than				Total								Total
($ in thousands)		Days				Days				90 Days				Past								Loans
December 31, 2018		Past Due				Past Due				Past Due				Due				Current				Receivable
Commercial & industrial		$	120			$	-			$	661			$	781			$	126,260			$	127,041
Commercial real estate - owner occupied			-				-				-				-				95,651				95,651
Commercial real estate - nonowner occupied			342				1				-				343				244,797				245,140
Agricultural			-				-				-				-				52,012				52,012
Residential real estate			2,391				824				372				3,587				183,517				187,104
HELOC			163				16				55				234				47,148				47,382
Consumer			14				63				23				100				16,854				16,954
Total Loans		$	3,030			$	904			$	1,111			$	5,045			$	766,239			$	771,284

Summary of impaired loan activity

Six Months Ended June 30, 2019		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($ in thousands)		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	624			$	899			$	-			$	1,275			$	44
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			208				208				-				259				10
Agricultural			-				-				-				-				-
Residential real estate			1,746				1,789				-				2,065				56
HELOC			17				17								19				1
Consumer			19				19				-				20				1
With a specific allowance recorded:
Commercial & industrial			-				-				-				-				-
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-				-
Agricultural			-				-				-				-				-
Residential real estate			526				526				47				534				12
HELOC			-				-				-				-				-
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	624			$	899			$	-			$	1,275			$	44
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	208			$	208			$	-			$	259			$	10
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,272			$	2,315			$	47			$	2,599			$	68
HELOC		$	17			$	17			$	-			$	19			$	1
Consumer		$	19			$	19			$	-			$	20			$	1

Three Months Ended June 30, 2019		Average Recorded				Interest Income
($ in thousands)		Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	1,226			$	19
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			259				3
Agricultural			-				-
Residential real estate			2,055				27
HELOC			19				-
Consumer			20				-
With a specific allowance recorded:
Commercial & industrial			-				-
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			-				-
Agricultural			-				-
Residential real estate			531				7
HELOC			-				-
Consumer			-				-
Totals:
Commercial & industrial		$	1,226			$	19
Commercial real estate - owner occupied		$	-			$	-
Commercial real estate - nonowner occupied		$	259			$	3
Agricultural		$	-			$	-
Residential real estate		$	2,586			$	34
HELOC		$	19			$	-
Consumer		$	20			$	-

Twelve Months Ended December 31, 2018		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($ in thousands)		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	575			$	802			$	-			$	370			$	21
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			283				283				-				336				21
Agricultural			-				-				-				-				-
Residential real estate			1,249				1,292				-				1,995				91
HELOC			20				20				-				21				1
Consumer			93				93				-				104				7
With a specific allowance recorded:
Commercial & industrial			125				125				61				127				21
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-				-
Agricultural			-				-				-				-				-
Residential real estate			862				888				73				426				20
HELOC			-				-				-				-				-
Consumer			77				77				4				91				6
Totals:
Commercial & industrial		$	700			$	927			$	61			$	497			$	42
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	283			$	283			$	-			$	336			$	21
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,111			$	2,180			$	73			$	2,421			$	111
HELOC		$	20			$	20			$	-			$	21			$	1
Consumer		$	170			$	170			$	4			$	195			$	13

		Six Months Ended								Three Months Ended
June 30, 2018		Average Recorded				Interest Income				Average Recorded				Interest Income
($ in thousands)		Investment				Recognized				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	-			$	-			$	-			$	-
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			337				12				337				6
Agricultural			-				-				-				-
Residential real estate			2,000				41				1,996				21
HELOC			-				-				-				-
Consumer			116				4				114				2
With a specific allowance recorded:
Commercial & industrial			-				-				-				-
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-
Agricultural			-				-				-				-
Residential real estate			572				14				569				7
HELOC			-				-				-				-
Consumer			85				3				84				1
Totals:
Commercial & industrial		$	-			$	-			$	-			$	-
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	337			$	12			$	337			$	6
Agricultural		$	-			$	-			$	-			$	-
Residential real estate		$	2,572			$	55			$	2,565			$	28
HELOC		$	-			$	-			$	-			$	-
Consumer		$	201			$	7			$	198			$	3

Schedule of TDR activity

($ in thousands)		Number of Loans				Pre-Modification Recorded Balance				Post Modification Recorded Balance
Commercial & industrial			3			$	763			$	763
Total Modifications			3			$	763			$	763

		Interest												Total
		Only				Term				Combination				Modification
Commercial & industrial		$	150			$	613			$	-			$	763
Total Modifications		$	150			$	613			$	-			$	763

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Tabular disclosure of allowance for credit loss on financing receivable.

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