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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of categories of loans

		Total Loans								Nonaccrual Loans
($ in thousands)		March 2021				December 2020				March 2021				December 2020
Commercial & industrial		$	179,841			$	204,767			$	615			$	902
Commercial real estate - owner occupied			119,749				113,169				1,450				1,450
Commercial real estate - nonowner occupied			265,509				257,651				952				962
Agricultural			48,374				55,235				-				-
Residential real estate			177,109				182,165				2,138				2,704
Home equity line of credit (HELOC)			44,706				46,310				449				390
Consumer			13,507				14,847				31				18
Total loans		$	848,795			$	874,144			$	5,635			$	6,426
Net deferred costs (fees)		$	(619	)		$	(1,421	)
Total loans, net deferred costs (fees)		$	848,176			$	872,723
Allowance for loan losses		$	(13,326	)		$	(12,574	)

Schedule of allowance for loan and lease losses (“ALLL”) and the recorded investment in loans based on portfolio segment and impairment method

For the Three Months Ended March 31, 2021		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Beginning balance		$	3,074			$	5,451			$	496			$	2,534			$	1,019			$	12,574
Charge offs			-				-				-				(21	)			(31	)			(52	)
Recoveries			-				-				-				49				5				54
Provision			(115	)			726				(23	)			46				116				750
Ending balance		$	2,959			$	6,177			$	473			$	2,608			$	1,109			$	13,326
For the Three Months Ended March 31, 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			(388	)			-				-				-				(12	)			(400	)
Recoveries			1				-				-				1				1				3
Provision (credit)			153				66				41				238				102				600
Ending balance		$	1,649			$	3,668			$	475			$	2,442			$	724			$	8,958

Loans Receivable at March 31, 2021		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance:
Ending balance:
individually evaluated for impairment		$	-			$	174			$	-			$	90			$	3			$	267
Ending balance:
collectively evaluated for impairment		$	2,959			$	6,003			$	473			$	2,518			$	1,106			$	13,059
Totals		$	2,959			$	6,177			$	473			$	2,608			$	1,109			$	13,326
Loans:
Ending balance:
individually evaluated for impairment		$	590			$	2,325			$	-			$	2,268			$	151			$	5,334
Ending balance:
collectively evaluated for impairment		$	179,251			$	382,933			$	48,374			$	174,841			$	58,062			$	843,461
Totals		$	179,841			$	385,258			$	48,374			$	177,109			$	58,213			$	848,795

Loans Receivable at December 31, 2020		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance:
Ending balance:
individually evaluated for impairment		$	-			$	174			$	-			$	160			$	3			$	337
Ending balance:
collectively evaluated for impairment		$	3,074			$	5,277			$	496			$	2,374			$	1,016			$	12,237
Totals		$	3,074			$	5,451			$	496			$	2,534			$	1,019			$	12,574
Loans:
Ending balance:
individually evaluated for impairment		$	849			$	2,202			$	-			$	2,746			$	162			$	5,959
Ending balance:
collectively evaluated for impairment		$	203,918			$	368,618			$	55,235			$	179,419			$	60,995			$	868,185
Totals		$	204,767			$	370,820			$	55,235			$	182,165			$	61,157			$	874,144

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

($ in thousands) March 31, 2021		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	177,989			$	115,121			$	258,320			$	48,367			$	173,993			$	44,213			$	13,465			$	831,468
Special Mention (5)			1,371				3,178				3,309				-				-				-				11				7,869
Substandard (6)			147				-				2,928				7				3,087				493				31				6,693
Doubtful (7)			334				1,450				952				-				29				-				-				2,765
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	179,841			$	119,749			$	265,509			$	48,374			$	177,109			$	44,706			$	13,507			$	848,795

December 31, 2020		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	202,543			$	108,726			$	250,405			$	55,227			$	178,575			$	45,866			$	14,807			$	856,149
Special Mention (5)			1,485				2,993				3,338				-				-				-				14				7,830
Substandard (6)			151				-				3,026				8				3,560				444				26				7,215
Doubtful (7)			588				1,450				882				-				30				-				-				2,950
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	204,767			$	113,169			$	257,651			$	55,235			$	182,165			$	46,310			$	14,847			$	874,144

Summary of loan portfolio aging analysis

($ in thousands)		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
March 31, 2021		Past Due				Past Due				90 Days Past Due				Due				Current				Receivable
Commercial & industrial		$	154			$	-			$	334			$	488			$	179,353			$	179,841
Commercial real estate - owner occupied			-				-				1,450				1,450				118,299				119,749
Commercial real estate - nonowner occupied			213				-				698				911				264,598				265,509
Agricultural			7				-				-				7				48,367				48,374
Residential real estate			254				279				1,128				1,661				175,448				177,109
HELOC			133				66				219				418				44,288				44,706
Consumer			5				12				46				63				13,444				13,507
Total Loans		$	766			$	357			$	3,875			$	4,998			$	843,797			$	848,795

		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
December 31, 2020		Past Due				Past Due				90 Days Past Due				Due				Current				Receivable
Commercial & industrial		$	380			$	-			$	618			$	998			$	203,769			$	204,767
Commercial real estate - owner occupied			-				-				1,450				1,450				111,719				113,169
Commercial real estate - nonowner occupied			-				141				699				840				256,811				257,651
Agricultural			8				-				-				8				55,227				55,235
Residential real estate			12				1,393				1,212				2,617				179,548				182,165
HELOC			190				74				198				462				45,848				46,310
Consumer			123				42				20				185				14,662				14,847
Total Loans		$	713			$	1,650			$	4,197			$	6,560			$	867,584			$	874,144

Summary of impaired loan activity

($ in thousands)
Three Months Ended		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
March 31, 2021		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	590			$	1,386			$	-			$	1,598			$	12
Commercial real estate - owner occupied			1,450				1,450				-				1,450				-
Commercial real estate - nonowner occupied			296				425				-				534				7
Agricultural			-				-				-				-				-
Residential real estate			1,549				1,693				-				1,843				7
HELOC			84				84								86				1
Consumer			5				5				-				7				-
With a specific allowance recorded:
Commercial & industrial			-				-				-				-				-
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			579				579				174				579				-
Agricultural			-				-				-				-				-
Residential real estate			642				642				90				647				6
HELOC			62				62				3				75				1
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	590			$	1,386			$	-			$	1,598			$	12
Commercial real estate - owner occupied		$	1,450			$	1,450			$	-			$	1,450			$	-
Commercial real estate - nonowner occupied		$	875			$	1,004			$	174			$	1,113			$	7
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,191			$	2,335			$	90			$	2,490			$	13
HELOC		$	146			$	146			$	3			$	161			$	2
Consumer		$	5			$	5			$	-			$	7			$	-

($ in thousands)
Twelve Months Ended		Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
December 31, 2020		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	849			$	1,645			$	-			$	1,878			$	50
Commercial real estate - owner occupied			1,441				1,441				-				1,573				11
Commercial real estate - nonowner occupied			182				182				-				258				14
Agricultural			-				-				-				-				-
Residential real estate			1,017				1,084				-				1,243				64
HELOC			89				89								98				4
Consumer			7				7				-				12				1
With a specific allowance recorded:
Commercial & industrial			-				-				-				-				-
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			579				579				174				579				3
Agricultural			-				-				-				-				-
Residential real estate			1,729				1,774				160				1,785				14
HELOC			66				66				3				83				6
Consumer			-				-				-				-				-
Totals:
Commercial & industrial		$	849			$	1,645			$	-			$	1,878			$	50
Commercial real estate - owner occupied		$	1,441			$	1,441			$	-			$	1,573			$	11
Commercial real estate - nonowner occupied		$	761			$	761			$	174			$	837			$	17
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,746			$	2,858			$	160			$	3,028			$	78
HELOC		$	155			$	155			$	3			$	181			$	10
Consumer		$	7			$	7			$	-			$	12			$	1

		Three Months Ended
March 31, 2020		Average Recorded				Interest Income
($ in thousands)		Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	1,922			$	15
Commercial real estate - owner occupied			1,362				-
Commercial real estate - nonowner occupied			473				3
Agricultural			-				-
Residential real estate			2,663				2
HELOC			15				-
Consumer			15				-
With a specific allowance recorded:
Commercial & industrial			249				-
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			-				-
Agricultural			-				-
Residential real estate			652				5
HELOC			-				-
Consumer			-				-
Totals:
Commercial & industrial		$	2,171			$	15
Commercial real estate - owner occupied		$	1,362			$	-
Commercial real estate - nonowner occupied		$	473			$	3
Agricultural		$	-			$	-
Residential real estate		$	3,315			$	7
HELOC		$	15			$	-
Consumer		$	15			$	-

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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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