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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Summary of categories of loans

		Total Loans								Nonaccrual Loans
($ in thousands)		June 2020				December 2019				June 2020				December 2019
Commercial & industrial		$	224,631			$	151,047			$	1,204			$	1,772
Commercial real estate - owner occupied			102,591				98,488				1,450				1,362
Commercial real estate - nonowner occupied			272,715				268,294				1,034				464
Agricultural			58,837				50,994				-				-
Residential real estate			184,781				193,159				2,575				1,635
Home equity line of credit (HELOC)			46,577				48,070				237				249
Consumer			13,912				14,738				34				18
Total loans		$	904,044			$	824,790			$	6,534			$	5,500
Net deferred costs (fees)		$	(2,496	)		$	720
Total loans, net deferred costs (fees)		$	901,548			$	825,510
Allowance for loan losses		$	(10,013	)		$	(8,755	)

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

For the Three Months Ended June 30, 2020		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	1,649			$	3,668			$	475			$	2,442			$	724			$	8,958
Charge offs			(194	)			-				-				(37	)			(24	)			(255	)
Recoveries			4				-				-				1				5				10
Provision (credit)			1,385				(64	)			29				(128	)			78				1,300
Ending balance		$	2,844			$	3,604			$	504			$	2,278			$	783			$	10,013
For the Six Months Ended June 30, 2020		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	1,883			$	3,602			$	434			$	2,203			$	633			$	8,755
Charge offs			(582	)			-				-				(37	)			(36	)			(655	)
Recoveries			5				-				-				2				6				13
Provision (credit)			1,538				2				70				110				180				1,900
Ending balance		$	2,844			$	3,604			$	504			$	2,278			$	783			$	10,013
For the Three Months Ended June 30, 2019		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	1,334			$	3,269			$	466			$	2,316			$	736			$	8,121
Charge offs			-				-				-				-				(20	)			(20	)
Recoveries			1				-				-				1				3				5
Provision (credit)			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		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	1,435			$	2,923			$	482			$	2,567			$	760			$	8,167
Charge offs			(48	)			-				-				-				(32	)			(80	)
Recoveries			1				-				-				1				17				19
Provision (credit)			(10	)			525				27				(281	)			(61	)			200
Ending balance		$	1,378			$	3,448			$	509			$	2,287			$	684			$	8,306

Loans Receivable at June 30, 2020		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance:
Ending balance:
individually evaluated for impairment		$	1			$	-			$	-			$	99			$	2			$	102
Ending balance:
collectively evaluated  for impairment		$	2,843			$	3,604			$	504			$	2,179			$	781			$	9,911
Totals		$	2,844			$	3,604			$	504			$	2,278			$	783			$	10,013
Loans:
Ending balance:
individually evaluated  for impairment		$	1,135			$	1,768			$	-			$	2,830			$	118			$	5,851
Ending balance:
collectively evaluated   for impairment		$	223,496			$	373,538			$	58,837			$	181,951			$	60,371			$	898,193
Totals		$	224,631			$	375,306			$	58,837			$	184,781			$	60,489			$	904,044
Loans Receivable at December 31, 2019		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance:
Ending balance:
individually evaluated  for impairment		$	511			$	147			$	-			$	68			$	-			$	726
Ending balance:
collectively evaluated  for impairment		$	1,372			$	3,455			$	434			$	2,135			$	633			$	8,029
Totals		$	1,883			$	3,602			$	434			$	2,203			$	633			$	8,755
Loans:
Ending balance:
individually evaluated  for impairment		$	1,722			$	1,558			$	-			$	2,274			$	31			$	5,585
Ending balance:
collectively evaluated  for impairment		$	149,325			$	365,224			$	50,994			$	190,885			$	62,777			$	819,205
Totals		$	151,047			$	366,782			$	50,994			$	193,159			$	62,808			$	824,790

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

($ in thousands) June 30, 2020		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	222,017			$	99,699			$	269,743			$	58,826			$	181,545			$	46,273			$	13,795			$	891,898
Special Mention (5)			817				1,160				534				-				-				-				-				2,511
Substandard (6)			995				282				1,984				11				3,205				304				117				6,898
Doubtful (7)			802				1,450				454				-				31				-				-				2,737
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	224,631			$	102,591			$	272,715			$	58,837			$	184,781			$	46,577			$	13,912			$	904,044
December 31, 2019		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	147,667			$	96,836			$	265,839			$	50,994			$	190,438			$	47,787			$	14,706			$	814,267
Special Mention (5)			597				-				543				-				-				-				-				1,140
Substandard (6)			1,444				290				1,663				-				2,689				283				32				6,401
Doubtful (7)			1,339				1,362				249				-				32				-				-				2,982
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	151,047			$	98,488			$	268,294			$	50,994			$	193,159			$	48,070			$	14,738			$	824,790

Summary of loan portfolio aging analysis

($ in thousands)		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
June 30, 2020		Past Due				Past Due				90 Days Past Due				Due				Current				Receivable
Commercial & industrial		$	127			$	-			$	827			$	954			$	223,677			$	224,631
Commercial real estate - owner occupied			-				-				1,450				1,450				101,141				102,591
Commercial real estate - nonowner occupied			-				149				837				986				271,729				272,715
Agricultural			31				-				-				31				58,806				58,837
Residential real estate			122				13				1,525				1,660				183,121				184,781
HELOC			140				40				88				268				46,309				46,577
Consumer			17				20				23				60				13,852				13,912
Total Loans		$	437			$	222			$	4,750			$	5,409			$	898,635			$	904,044
		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
December 31, 2019		Past Due				Past Due				90 Days Past Due				Due				Current				Receivable
Commercial & industrial		$	64			$	-			$	312			$	376			$	150,671			$	151,047
Commercial real estate - owner occupied			-				-				-				-				98,488				98,488
Commercial real estate - nonowner occupied			-				-				215				215				268,079				268,294
Agricultural			13				-				-				13				50,981				50,994
Residential real estate			309				415				644				1,368				191,791				193,159
HELOC			166				91				56				313				47,757				48,070
Consumer			65				93				14				172				14,566				14,738
Total Loans		$	617			$	599			$	1,241			$	2,457			$	822,333			$	824,790

Summary of impaired loan activity

($ in thousands) Six Months Ended		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
June 30, 2020		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	943			$	1,739			$	-			$	1,899			$	23
Commercial real estate - owner occupied			1,362				1,362				-				1,362				-
Commercial real estate - nonowner occupied			406				406				-				473				5
Agricultural			-				-				-				-				-
Residential real estate			2,249				2,315				-				2,641				35
HELOC			63				63								66				2
Consumer			11				11				-				14				1
With a specific allowance recorded:
Commercial & industrial			192				249				1				249				-
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-				-
Agricultural			-				-				-				-				-
Residential real estate			581				619				99				626				5
HELOC			44				44				2				51				2
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	1,135			$	1,988			$	1			$	2,148			$	23
Commercial real estate - owner occupied		$	1,362			$	1,362			$	-			$	1,362			$	-
Commercial real estate - nonowner occupied		$	406			$	406			$	-			$	473			$	5
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,830			$	2,934			$	99			$	3,267			$	40
HELOC		$	107			$	107			$	2			$	117			$	4
Consumer		$	11			$	11			$	-			$	14			$	1

Three Months Ended		Average Recorded				Interest Income
June 30, 2020		Investment				Recognized
($ in thousands)
With no related allowance recorded:
Commercial & industrial		$	1,875			$	15
Commercial real estate - owner occupied			1,362				-
Commercial real estate - nonowner occupied			472				1
Agricultural			-				-
Residential real estate			2,632				35
HELOC			64				1
Consumer			13				-
With a specific allowance recorded:
Commercial & industrial			249				-
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			-				-
Agricultural			-				-
Residential real estate			625				-
HELOC			50				1
Consumer			-				-
Totals:
Commercial & industrial		$	2,124			$	15
Commercial real estate - owner occupied		$	1,362			$	-
Commercial real estate - nonowner occupied		$	472			$	1
Agricultural		$	-			$	-
Residential real estate		$	3,257			$	35
HELOC		$	114			$	2
Consumer		$	13			$	-

($ in thousands) Twelve Months Ended		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
December 31, 2019		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	722			$	1,092			$	-			$	1,377			$	114
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			196				197				-				259				21
Agricultural			-				-				-				-				-
Residential real estate			1,621				1,687				-				2,001				106
HELOC			16				16								18				1
Consumer			15				15				-				19				1
With a specific allowance recorded:
Commercial & industrial			1,000				1,000				511				823				49
Commercial real estate - owner occupied			1,362				1,362				147				1,362				38
Commercial real estate - nonowner occupied			-				-				-				-				-
Agricultural			-				-				-				-				-
Residential real estate			653				653				68				666				31
HELOC			-				-				-				-				-
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	1,722			$	2,092			$	511			$	2,200			$	163
Commercial real estate - owner occupied		$	1,362			$	1,362			$	147			$	1,362			$	38
Commercial real estate - nonowner occupied		$	196			$	197			$	-			$	259			$	21
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,274			$	2,340			$	68			$	2,667			$	137
HELOC		$	16			$	16			$	-			$	18			$	1
Consumer		$	15			$	15			$	-			$	19			$	1

		Six Months Ended								Three Months Ended
June 30, 2019		Average Recorded				Interest Income				Average Recorded				Interest Income
($ in thousands)		Investment				Recognized				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	1,275			$	44			$	1,226			$	19
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			259				10				259				3
Agricultural			-				-				-				-
Residential real estate			2,065				56				2,055				27
HELOC			19				1				19				-
Consumer			20				1				20				-
With a specific allowance recorded:
Commercial & industrial			-				-				-				-
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-
Agricultural			-				-				-				-
Residential real estate			534				12				531				7
HELOC			-				-				-				-
Consumer			-				-				-				-
Totals:
Commercial & industrial		$	1,275			$	44			$	1,226			$	19
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	259			$	10			$	259			$	3
Agricultural		$	-			$	-			$	-			$	-
Residential real estate		$	2,599			$	68			$	2,586			$	34
HELOC		$	19			$	1			$	19			$	-
Consumer		$	20			$	1			$	20			$	-

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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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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