XML 37 R14.htm IDEA: XBRL DOCUMENT v3.22.0.1
Accounting for Certain Loans Acquired in an Acquisition
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Accounting for Certain Loans Acquired in an Acquisition

Note 6: Accounting for Certain Loans Acquired in an Acquisition

 

The Company acquired loans in the acquisition of Edon State Bank, 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 at December 31:

 

($ in thousands)   2021     2020  
Commercial & industrial   $ 1,067     $ 1,499  
Commercial real estate - nonowner occupied     97       505  
Agricultural     6,655       9,180  
Residential real estate     2,408       3,176  
Consumer     33       93  
Total loans   $ 10,260     $ 14,453  

 

Accretable yield, or income expected to be collected as of December 31, 2021 is $0.2 million.