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Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of categories of loans
    Total Loans     Nonaccrual Loans  
($ in thousands)   December
2021		     December
2020		     December
2021		     December
2020		  
Commercial & industrial   $ 122,250     $ 204,767     $ 143     $ 902  
Commercial real estate - owner occupied     118,891       113,169       88       1,450  
Commercial real estate - nonowner occupied     262,277       257,651       466       962  
Agricultural     57,403       55,235      
-
      
-
  
Residential real estate     206,424       182,165       2,484       2,704  
Home equity line of credit (HELOC)     41,682       46,310       464       390  
Consumer     13,474       14,847       7       18  
Total loans   $ 822,401     $ 874,144     $ 3,652     $ 6,426  
                                 
Net deferred costs (fees)   $ 313     $ (1,421 )                
Total loans, net deferred costs (fees)   $ 822,714     $ 872,723                  
Allowance for loan losses   $ (13,805 )   $ (12,574 )                

 
Schedule of loan commitments, unused lines of credit and standby letters of credit
($ in thousands)   2021     2020  
Loan commitments and unused lines of credit   $ 219,618     $ 215,616  
Standby letters of credit     2,060       3,161  
Totals   $ 221,678     $ 218,777  

 
Schedule of allowance for loan and lease losses (“ALLL”) and the recorded investment in loans based on portfolio segment and impairment method
($ in thousands)
For the Twelve Months Ended
December 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    
-
      
-
      
-
       (43 )     (93 )     (136 )
Recoveries     227      
-
      
-
       49       41       317  
Provision     (1,411 )     1,330       103       975       53       1,050  
Ending balance   $ 1,890     $ 6,781     $ 599     $ 3,515     $ 1,020     $ 13,805  

 

December 31, 2021   Commercial & industrial     Commercial real estate     Agricultural     Residential real estate     Consumer     Total  
Allowance:                                    
Ending balance: individually evaluated for impairment   $
-
     $ 10     $
-
     $ 120     $ 3     $ 133  
Ending balance: collectively evaluated for impairment   $ 1,890     $ 6,771     $ 599     $ 3,395     $ 1,017     $ 13,672  
Totals   $ 1,890     $ 6,781     $ 599     $ 3,515     $ 1,020     $ 13,805  
                                                 
Loans:                                                
Ending balance: individually evaluated for impairment   $ 118     $ 354     $
-
     $ 2,307     $ 135     $ 2,914  
Ending balance: collectively evaluated for impairment   $ 122,132     $ 380,814     $ 57,403     $ 204,117     $ 55,021     $ 819,487  
Totals   $ 122,250     $ 381,168     $ 57,403     $ 206,424     $ 55,156     $ 822,401  

 

($ in thousands)
For the Twelve Months Ended
December 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     (582 )    
-
      
-
       (82 )     (79 )     (743 )
Recoveries     16      
-
      
-
       40       6       62  
Provision (credit)     1,757       1,849       62       373       459       4,500  
Ending balance   $ 3,074     $ 5,451     $ 496     $ 2,534     $ 1,019     $ 12,574  

  

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)
December 31, 2021		   Commercial & industrial     Commercial real estate - owner occupied     Commercial real estate - nonowner occupied     Agricultural     Residential real estate     HELOC     Consumer     Total  
Pass (1 - 4)   $ 121,285     $ 111,232     $ 253,269     $ 57,403     $ 203,295     $ 41,218     $ 13,467     $ 801,169  
Special Mention (5)     659       7,571       5,694      
-
      
-
      
-
      
-
       13,924  
Substandard (6)     188      
-
       2,848      
-
       3,102       464       7       6,609  
Doubtful (7)     118       88       466      
-
       27      
-
      
-
       699  
Loss (8)    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Loans   $ 122,250     $ 118,891     $ 262,277     $ 57,403     $ 206,424     $ 41,682     $ 13,474     $ 822,401  

 

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 credit risk profile of the Company's loan portfolio based on rating category
($ in thousands)
December 31, 2021		   30-59 Days
Past Due		     60-89 Days
Past Due		     Greater Than
90 Days Past Due		     Total Past
Due		     Current     Total Loans
Receivable		  
Commercial & industrial   $ 166     $ 25     $ 118     $ 309     $ 121,941     $ 122,250  
Commercial real estate - owner occupied    
-
      
-
       88       88       118,803       118,891  
Commercial real estate - nonowner occupied     221       233       246       700       261,577       262,277  
Agricultural    
-
      
-
      
-
      
-
       57,403       57,403  
Residential real estate     265       716       1,344       2,325       204,099       206,424  
HELOC     53       80       248       381       41,301       41,682  
Consumer     20       14       7       41       13,433       13,474  
Total Loans   $ 725     $ 1,068     $ 2,051     $ 3,844     $ 818,557     $ 822,401  

  

December 31, 2020   30-59 Days
Past Due		     60-89 Days
Past Due		     Greater Than
90 Days Past Due		     Total Past
Due		     Current     Total Loans
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)   Recorded     Unpaid Principal     Related     Average Recorded     Interest Income  
Twelve Months Ended December 31, 2021   Investment     Balance     Allowance     Investment     Recognized  
With no related allowance recorded:                              
Commercial & industrial   $ 118     $ 204     $
-
     $ 217     $ 2  
Commercial real estate - owner occupied     88       88      
-
       88      
-
  
Commercial real estate - nonowner occupied     223       223      
-
       357       28  
Agricultural    
-
      
-
      
-
      
-
      
-
  
Residential real estate     1,391       1,458      
-
       1,663       60  
HELOC     33       33               41       2  
Consumer    
-
      
-
      
-
      
-
      
-
  
With a specific allowance recorded:                                        
Commercial & industrial    
-
      
-
      
-
      
-
      
-
  
Commercial real estate - owner occupied    
-
      
-
      
-
      
-
      
-
  
Commercial real estate - nonowner occupied     43       173       10       173      
-
  
Agricultural    
-
      
-
      
-
      
-
      
-
  
Residential real estate     916       916       120       933       20  
HELOC     102       102       3       124       5  
Consumer    
-
      
-
      
-
      
-
      
-
  
Totals:                                        
Commercial & industrial   $ 118     $ 204     $
-
     $ 217     $ 2  
Commercial real estate - owner occupied   $ 88     $ 88     $
-
     $ 88     $
-
  
Commercial real estate - nonowner occupied   $ 266     $ 396     $ 10     $ 530     $ 28  
Agricultural   $
-
     $
-
     $
-
     $
-
     $
-
  
Residential real estate   $ 2,307     $ 2,374     $ 120     $ 2,596     $ 80  
HELOC   $ 135     $ 135     $ 3     $ 165     $ 7  
Consumer   $
-
     $
-
     $
-
     $
-
     $
-
  

  

($ in thousands)   Recorded     Unpaid Principal     Related     Average Recorded     Interest Income  
Twelve Months Ended 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  

 
Schedule of TDR activity
($ in thousands)   Number of
Loans		     Pre-
Modification
Recorded Balance		     Post
Modification
Recorded Balance		  
HELOC   2     $ 42     $ 42  
Total modifications   2     $ 42     $ 42  

  

    Interest
Only		     Term     Combination     Total
Modification		  
HELOC   $
-
     $
-
     $ 42     $ 42  
Total modifications   $
-
     $
-
     $ 42     $ 42