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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of categories of loans

		Total Loans								Nonaccrual Loans
($ in thousands)		September 2020				December 2019				September 2020				December 2019
Commercial & industrial		$	218,833			$	151,047			$	1,140			$	1,772
Commercial real estate - owner occupied			107,128				98,488				1,450				1,362
Commercial real estate - nonowner occupied			264,651				268,294				1,025				464
Agricultural			57,437				50,994				-				-
Residential real estate			178,485				193,159				2,481				1,635
Home equity line of credit (HELOC)			47,003				48,070				296				249
Consumer			14,421				14,738				17				18
Total loans		$	887,958			$	824,790			$	6,409			$	5,500
Net deferred costs (fees)		$	(2,108	)		$	720
Total loans, net deferred costs (fees)		$	885,850			$	825,510
Allowance for loan losses		$	(11,793	)		$	(8,755	)

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

($ in thousands)
For the Three Months Ended September 30, 2020		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	2,844			$	3,604			$	504			$	2,278			$	783			$	10,013
Charge offs			-				-				-				-				(32	)			(32	)
Recoveries			10				-				-				1				1				12
Provision			342				911				46				258				243				1,800
Ending balance		$	3,196			$	4,515			$	550			$	2,537			$	995			$	11,793
For the Nine Months Ended September 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	)			(67	)			(686	)
Recoveries			15				-				-				3				6				24
Provision			1,880				913				116				368				423				3,700
Ending balance		$	3,196			$	4,515			$	550			$	2,537			$	995			$	11,793
For the Three Months Ended September 30, 2019		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	1,378			$	3,448			$	509			$	2,287			$	684			$	8,306
Charge offs			(95	)			-				-				(23	)			(10	)			(128	)
Recoveries			7				-				-				1				6				14
Provision (credit)			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		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			(143	)			-				-				(23	)			(42	)			(208	)
Recoveries			8				-				-				2				23				33
Provision (credit)			93				597				11				(153	)			(48	)			500
Ending balance		$	1,393			$	3,520			$	493			$	2,393			$	693			$	8,492

Loans Receivable at September 30, 2020		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance:
Ending balance:
individually evaluated for impairment		$	1			$	-			$	-			$	167			$	3			$	171
Ending balance:
collectively evaluated for impairment		$	3,195			$	4,515			$	550			$	2,370			$	992			$	11,622
Totals		$	3,196			$	4,515			$	550			$	2,537			$	995			$	11,793
Loans:
Ending balance:
individually evaluated for impairment		$	1,117			$	2,341			$	-			$	3,239			$	136			$	6,833
Ending balance:
collectively evaluated for impairment		$	217,716			$	369,438			$	57,437			$	175,246			$	61,288			$	881,125
Totals		$	218,833			$	371,779			$	57,437			$	178,485			$	61,424			$	887,958
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

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

($ in thousands) September 30, 2020		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	216,293			$	105,400			$	261,953			$	57,427			$	174,776			$	46,646			$	14,394			$	876,889
Special Mention (5)			776				-				286				-				-				-				-				1,062
Substandard (6)			1,009				278				1,387				10				3,678				357				27				6,746
Doubtful (7)			755				1,450				1,025				-				31				-				-				3,261
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	218,833			$	107,128			$	264,651			$	57,437			$	178,485			$	47,003			$	14,421			$	887,958

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

Schedule of loan portfolio aging analysis

										Greater Than												Total
($ in thousands) September 30, 2020		30-59 Days Past Due				60-89 Days Past Due				90 Days Past Due				Total Past Due				Current				Loans Receivable
Commercial & industrial		$	73			$	31			$	780			$	884			$	217,949			$	218,833
Commercial real estate - owner occupied			-				-				1,450				1,450				105,678				107,128
Commercial real estate - nonowner occupied			42				197				834				1,073				263,578				264,651
Agricultural			-				10				-				10				57,427				57,437
Residential real estate			-				755				1,371				2,126				176,359				178,485
HELOC			127				90				125				342				46,661				47,003
Consumer			29				21				9				59				14,362				14,421
Total Loans		$	271			$	1,104			$	4,569			$	5,944			$	882,014			$	887,958

										Greater Than												Total
December 31, 2019		30-59 Days Past Due				60-89 Days Past Due				90 Days Past Due				Total Past Due				Current				Loans 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

Schedule of impaired loan activity

($ in thousands) Nine Months Ended		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
September 30, 2020		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	925			$	1,721			$	-			$	1,886			$	34
Commercial real estate - owner occupied			1,362				1,362				-				1,362				-
Commercial real estate - nonowner occupied			979				979				-				1,051				14
Agricultural			-				-				-				-				-
Residential real estate			1,228				1,294				-				1,634				70
HELOC			57				57								64				3
Consumer			9				9				-				13				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			2,011				2,048				167				2,056				10
HELOC			70				70				3				84				4
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	1,117			$	1,970			$	1			$	2,135			$	34
Commercial real estate - owner occupied		$	1,362			$	1,362			$	-			$	1,362			$	-
Commercial real estate - nonowner occupied		$	979			$	979			$	-			$	1,051			$	14
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	3,239			$	3,342			$	167			$	3,690			$	80
HELOC		$	127			$	127			$	3			$	148			$	7
Consumer		$	9			$	9			$	-			$	13			$	1

Three Months Ended September 30, 2020		Average Recorded				Interest Income
($ in thousands)		Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	1,860			$	10
Commercial real estate - owner occupied			1,362				-
Commercial real estate - nonowner occupied			1,051				6
Agricultural			-				-
Residential real estate			1,619				20
HELOC			60				1
Consumer			11				-
With a specific allowance recorded:
Commercial & industrial			249				-
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			-				-
Agricultural			-				-
Residential real estate			2,051				10
HELOC			82				1
Consumer			-				-
Totals:
Commercial & industrial		$	2,109			$	10
Commercial real estate - owner occupied		$	1,362			$	-
Commercial real estate - nonowner occupied		$	1,051			$	6
Agricultural		$	-			$	-
Residential real estate		$	3,670			$	30
HELOC		$	142			$	2
Consumer		$	11			$	-

($ 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

		Nine Months Ended								Three Months Ended
September 30, 2019		Average Recorded				Interest Income				Average Recorded				Interest Income
($ in thousands)		Investment				Recognized				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	1,432			$	76			$	1,202			$	22
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			259				15				259				5
Agricultural			-				-				-				-
Residential real estate			1,808				74				1,793				24
HELOC			19				1				17				-
Consumer			20				1				18				-
With a specific allowance recorded:
Commercial & industrial			-				-				-				-
Commercial real estate - owner occupied			-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-
Agricultural			-				-				-				-
Residential real estate			538				19				533				6
HELOC			-				-				-				-
Consumer			-				-				-				-
Totals:
Commercial & industrial		$	1,432			$	76			$	1,202			$	22
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	259			$	15			$	259			$	5
Agricultural		$	-			$	-			$	-			$	-
Residential real estate		$	2,346			$	93			$	2,326			$	30
HELOC		$	19			$	1			$	17			$	-
Consumer		$	20			$	1			$	18			$	-

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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