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Accounting for Certain Loans Acquired in a Transfer
 9 Months Ended
Sep. 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 acquired 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 September 30, 2020:


($ in thousands)  September 30,
2020		 
Commercial & industrial  $1,716 
Commercial real estate - owner occupied   - 
Commercial real estate - nonowner occupied   518 
Agricultural   9,968 
Residential real estate   3,277 
Home equity line of credit (HELOC)   - 
Consumer   181 
Total loans  $15,660 

Accretable yield, or income expected to be collected as of September 30, 2020 is $0.4 million.