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Accounting for Certain Loans Acquired in a Transfer
 6 Months Ended
Jun. 30, 2020
Accounting For Certain Loans Acquired In A Transfer [Abstract]  
ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER

NOTE 6 – ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER


The Company acquired loans in the acquisition of The Edon State Bank Company of Edon, Ohio, effective June 5, 2020. None of the transferred loans had evidence of deterioration of credit quality since origination, and it was probable, at acquisition, that all contractually required payments would be collected.


The following table presents the carrying amount of the acquired loans included in the balance sheet as of June 30, 2020:


($ in thousands)  June 30,
2020		 
Commercial & industrial  $1,629 
Commercial real estate - owner occupied   - 
Commercial real estate - nonowner occupied   627 
Agricultural   10,227 
Residential real estate   3,632 
Home equity line of credit (HELOC)   - 
Consumer   195 
      
Total loans  $16,310 

Accretable yield, or income expected to be collected as of June 30, 2020 is $.4 million.