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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Summary of categories of loans

		Total Loans								Nonaccrual Loans
($ in thousands)		September 2019				December 2018				September 2019				December 2018
Commercial & industrial		$	144,462			$	127,041			$	834			$	730
Commercial real estate - owner occupied			97,470				95,651				-				-
Commercial real estate - nonowner occupied			263,869				245,140				262				218
Agricultural			51,946				52,012				-				-
Residential real estate			202,021				187,104				1,811				1,752
Home equity line of credit (HELOC)			48,027				47,382				362				195
Consumer			14,888				16,954				6				11
Total Loans		$	822,683			$	771,284			$	3,275			$	2,906
Net deferred costs		$	684			$	599
Total Loans, net deferred costs		$	823,367			$	771,883
Allowance for loan losses		$	(8,492	)		$	(8,167	)

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

nce for loan losses ($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
For the Three Months Ended September 30, 2019
Beginning balance		$	1,378			$	3,448			$	509			$	2,287			$	684			$	8,306
Charge offs			(95	)			-				-				(23	)			(10	)			(128	)
Recoveries			7				-				-				1				6				14
Provision			103				72				(16	)			128				13				300
Ending balance		$	1,393			$	3,520			$	493			$	2,393			$	693			$	8,492
For the Nine Months Ended September 30, 2019
Beginning balance		$	1,435			$	2,923			$	482			$	2,567			$	760			$	8,167
Charge offs			(143	)			-				-				(23	)			(42	)			(208	)
Recoveries			8				-				-				2				23				33
Provision			93				597				11				(153	)			(48	)			500
Ending Balance		$	1,393			$	3,520			$	493			$	2,393			$	693			$	8,492
($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
For the Three Months Ended September 30, 2018
Beginning balance		$	1,061			$	3,720			$	488			$	2,550	#		$	675			$	8,494
Charge offs			-				-				-				-				(11	)			(11	)
Recoveries			-				-				-				-				6				6
Provision			13				5				(9	)			(39	)			30				-
Ending balance		$	1,074			$	3,725			$	479			$	2,511			$	700			$	8,489
For the Nine Months Ended September 30, 2018
Beginning balance		$	823			$	3,779			$	505			$	2,129			$	694			$	7,930
Charge offs			-				(36	)			-				(26	)			(23	)			(85	)
Recoveries			-				29				-				2				13				44
Provision			251				(47	)			(26	)			406				16				600
Ending balance		$	1,074			$	3,725			$	479			$	2,511			$	700			$	8,489
($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Loans Receivable at September 30, 2019
Allowance:
Ending balance: individually evaluated for impairment		$	-			$	-			$	-			$	45			$	-			$	45
Ending balance: collectively evaluated for impairment		$	1,393			$	3,520			$	493			$	2,348			$	693			$	8,447
Loans:
Ending balance: individually evaluated for impairment		$	784			$	203			$	-			$	2,007			$	34			$	3,028
Ending balance: collectively evaluated for impairment		$	143,678			$	361,136			$	51,946			$	200,014			$	62,881			$	819,655

($ 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) September 30, 2019		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)			141,927				97,175				260,730				51,706				199,387				47,554				14,856				813,335
Special Mention (5)			1,638				295				1,956				240				-				-				-				4,129
Substandard (6)			530				-				921				-				2,601				473				32				4,557
Doubtful (7)			367				-				262				-				33				-				-				662
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	144,462			$	97,470			$	263,869			$	51,946			$	202,021			$	48,027			$	14,888			$	822,683

($ 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

($ in thousands) September 30, 2019		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Loans Receivable
Commercial & industrial		$	62			$	-			$	301			$	363			$	144,099			$	144,462
Commercial real estate - owner occupied			-				-				-				-				97,470				97,470
Commercial real estate - nonowner occupied			279				-				59				338				263,531				263,869
Agricultural			-				-				-				-				51,946				51,946
Residential real estate			85				269				677				1,031				200,990				202,021
HELOC			102				-				124				226				47,801				48,027
Consumer			19				19				2				40				14,848				14,888
Total Loans		$	547			$	288			$	1,163			$	1,998			$	820,685			$	822,683

($ in thousands) December 31, 2018		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Loans 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

Nine Months Ended September 30, 2019		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($ in thousands)		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	784			$	1,154			$	-			$	1,432			$	76
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			203				203				-				259				15
Agricultural			-				-				-				-				-
Residential real estate			1,481				1,524				-				1,808				74
HELOC			17				17								19				1
Consumer			17				17				-				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				45				538				19
HELOC			-				-				-				-				-
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	784			$	1,154			$	-			$	1,432			$	76
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	203			$	203			$	-			$	259			$	15
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,007			$	2,050			$	45			$	2,346			$	93
HELOC		$	17			$	17			$	-			$	19			$	1
Consumer		$	17			$	17			$	-			$	20			$	1

Three Months Ended		Average Recorded				Interest Income
September 30, 2019		Investment				Recognized
($ in thousands)
With no related allowance recorded:
Commercial & industrial		$	1,202			$	22
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			259				5
Agricultural			-				-
Residential real estate			1,793				24
HELOC			17				-
Consumer			18				-
With a specific allowance recorded:
Commercial & industrial			-				-
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			-				-
Agricultural			-				-
Residential real estate			533				6
HELOC			-				-
Consumer			-				-
Totals:
Commercial & industrial		$	1,202			$	22
Commercial real estate - owner occupied		$	-			$	-
Commercial real estate - nonowner occupied		$	259			$	5
Agricultural		$	-			$	-
Residential real estate		$	2,326			$	30
HELOC		$	17			$	-
Consumer		$	18			$	-

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

		Nine Months Ended								Three Months Ended
September 30, 2018		Average Recorded				Interest Income				Average Recorded				Interest Income
($ in thousands)		Investment				Recognized				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	777			$	19			$	763			$	(9	)
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			336				17				336				5
Agricultural			-				-				-				-
Residential real estate			1,745				57				1,733				16
HELOC			-				-				-				-
Consumer			106				5				102				2
With a specific allowance recorded:
Commercial & industrial			-				-				-				-
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-
Agricultural			-				-				-				-
Residential real estate			428				15				424				5
HELOC			-				-				-				-
Consumer			92				4				90				1
Totals:
Commercial & industrial		$	777			$	19			$	763			$	(9	)
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	336			$	17			$	336			$	5
Agricultural		$	-			$	-			$	-			$	-
Residential real estate		$	2,173			$	72			$	2,157			$	21
HELOC		$	-			$	-			$	-			$	-
Consumer		$	198			$	9			$	192			$	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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