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Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2023
Loans and Allowance for Credit Losses [Abstract]  
Schedule of Categories of Loans The following tables present the categories of loans at December 31, 2023 and 2022:
   Total Loans 
($ in thousands)  2023   2022 
         
Commercial & industrial  $126,716   $128,393 
Commercial real estate - owner occupied   126,717    110,929 
Commercial real estate - nonowner occupied   297,323    301,880 
Agricultural   65,659    64,505 
Residential real estate   318,123    291,368 
Home equity line of credit (HELOC)   47,845    45,056 
Consumer   17,829    19,944 
Total loans   1,000,212    962,075 
Allowance for credit losses   (15,786)   (13,818)
Loans, net  $984,426   $948,257 
Schedule of Loan Commitments, Unused Lines of Credit and Standby Letters of Credit Listed below is a summary of loan commitments, unused lines of credit, and standby letters of credit as of December 31, 2023 and 2022.
($ in thousands)  2023   2022 
Loan commitments and unused lines of credit  $201,605   $221,668 
Standby letters of credit   1,184    1,336 
Totals  $202,789   $223,004 
Schedule of Activity Related to The Allowance for Credit Losses The following table summarizes the activity related to the ACL for the twelve months ended December 31, 2023 under the CECL methodology.
($ in thousands)
For the twelve months ended
December 31, 2023		  Balance,
beginning of
period		   Impact of
Adopting
ASC 326		   Chargeoffs   Recoveries   Provision for
Credit
Losses		   Balance, end
of period		 
                         
Commercial & industrial  $1,663   $230   $
           -
   $
           -
   $110   $2,003 
Commercial real estate - owner occupied   1,696    54    
-
    
-
    202    1,952 
Commercial real estate - nonowner occupied   4,584    1,015    
-
    
-
    119    5,718 
Agricultural   611    (194)   
-
    
-
    23    440 
Residential real estate   4,438    360    (53)   1    190    4,936 
HELOC   547    (76)   
-
    
-
    39    510 
Consumer   279    (17)   (65)   25    5    227 
Total  $13,818   $1,372   $(118)  $26   $688   $15,786 
($ in thousands)
For the twelve months ended
December 31, 2022		  Balance,
beginning of
period		   Impact of
Adopting ASC 326		   Chargeoffs   Recoveries   Provision for
Credit
Losses		   Balance, end
of period		 
                         
Commercial & industrial  $1,890   $
-
   $
-
   $
-
   $(227)  $1,663 
Commercial real estate - owner occupied   2,564    
        -
    
              -
    
              -
    (868)   1,696 
Commercial real estate - nonowner occupied   4,217    
-
    
-
    
-
    367    4,584 
Agricultural   599    
-
    
-
    
-
    12    611 
Residential real estate   3,515    
-
    
-
    
-
    923    4,438 
HELOC   579    
-
    (34)   47    (45)   547 
Consumer   441    
-
    
-
    
-
    (162)   279 
Total  $13,805   $
-
   $(34)  $47   $
-
   $13,818 
Schedue of Gross Chargeoffs The following table presents gross chargeoffs for the year ended December 31, 2023 by loan category and origination year.
($ in thousands)  Term Loans by Year of Origination   Revolving      
December 31, 2023  2023   2022   2021   2020   2019   Prior   Loans   Total 
                                 
Commercial & industrial  $
      -
   $
       -
   $
       -
   $
          -
   $
        -
   $
        -
   $
        -
   $
         -
 
Commercial real estate - owner occupied   
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Commercial real estate - nonowner occupied   
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Agricultural   
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Residential real estate   
-
    
-
    32    21    
-
    
-
    
-
    53 
Home equity line of credit (HELOC)   
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Consumer   
-
    12    8    11    
-
    
-
    34    65 
   $
-
   $12   $40   $32   $
-
   $
-
   $34   $118 
Schedule of Presents an Analysis of Collateral-Dependent Loans The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2023.
($ in thousands)  Collateral Type   Allocated 
December 31, 2023  Real Estate   Other   Total   Allowance 
                 
Commercial & industrial  $604   $           -   $604   $97 
Commercial real estate - owner occupied   -    -    -    - 
Commercial real estate - nonowner occupied   284    -    284    40 
Agricultural   -    -    -    - 
Residential real estate   1,023    -    1,023    18 
HELOC   -    -    -    - 
Consumer   -    -    -    - 
Total  $1,911   $-   $1,911   $155 
Schedule of Allowance for Loan Losses and Recorded Investment The following table disaggregates the allowance for loan losses and recorded investment in loans by impairment methodology under the incurred loss methodology as of December 31, 2022.
December 31, 2022  Commercial & industrial   Commercial real estate   Agricultural   Residential real estate   Consumer   Total 
Allowance for loan losses:                        
Ending allowance attributable to loans:                        
Individually evaluated for impairment  $
         -
   $
        -
   $
          -
   $138   $2   $140 
Collectively evaluated for impairment  $1,663   $6,280   $611   $4,300   $824   $13,678 
                               
Totals  $1,663  $6,280  $611  $4,438  $826  $13,818 
                               
Loans:                              
Individually evaluated for impairment  $204   $347   $
-
   $2,863   $114   $3,528 
Collectively evaluated for impairment  $128,189   $412,462   $64,505   $288,505   $64,886   $958,547 
                               
Totals  $128,393  $412,809  $64,505  $291,368  $65,000  $962,075 

 
Schedue of Credit Risk Profile of Company's Loan Portfolio Based on Rating Category The following table presents loan balances by credit quality indicators by year of origination as of December 31, 2023.
($ in thousands)  Term Loans by Year of Origination   Revolving   Revolving Loans Converted     
December 31, 2023  2023   2022   2021   2020   2019   Prior   Loans   to Term   Total 
                                     
Commercial & industrial                                    
Pass (1 - 4)  $17,239   $18,076   $19,143   $10,573   $7,449   $5,965   $45,831   $444   $124,720 
Special Mention (5)   -    731    -    64    -    140    201    -    1,136 
Substandard (6)   -    41    -    -    25    137    -    80    283 
Doubtful (7)   195    -    226    -    1    100    50    5    577 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $17,434   $18,848   $19,369   $10,637   $7,475   $6,342   $46,082   $529   $126,716 
                                              
Commercial real estate - owner occupied                                             
Pass (1 - 4)  $29,253   $21,427   $26,808   $12,931   $12,881   $20,409   $112   $173   $123,994 
Special Mention (5)   -    -    -    2,338    358    -    -    -    2,696 
Substandard (6)   -    -    -    -    -    -    -    -    - 
Doubtful (7)   -    -    26    -    1    -    -    -    27 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $29,253   $21,427   $26,834   $15,269   $13,240   $20,409   $112   $173   $126,717 
                                              
Commercial real estate - nonowner occupied                                             
Pass (1 - 4)  $52,915   $67,285   $47,658   $46,364   $30,561   $47,895   $2,377   $-   $295,055 
Special Mention (5)   -    -    -    -    838    1,134    -    -    1,972 
Substandard (6)   -    -    -    -    -    154    18    -    172 
Doubtful (7)   -    -    -    -    -    124    -    -    124 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $52,915   $67,285   $47,658   $46,364   $31,399   $49,307   $2,395   $-   $297,323 
                                              
Agricultural                                             
Pass (1 - 4)  $9,496   $16,131   $12,940   $3,029   $1,859   $9,801   $12,403   $-   $65,659 
Special Mention (5)   -    -    -    -    -    -    -    -    - 
Substandard (6)   -    -    -    -    -    -    -    -    - 
Doubtful (7)   -    -    -    -    -    -    -    -    - 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $9,496   $16,131   $12,940   $3,029   $1,859   $9,801   $12,403   $-   $65,659 
                                              
Residential real estate                                             
Pass (1 - 4)  $53,013   $110,531   $85,075   $31,558   $10,425   $22,564   $1,816   $1,300   $316,282 
Special Mention (5)   -    -    -    -    -    -    -    -    - 
Substandard (6)   -    -    361    54    485    920    -    -    1,820 
Doubtful (7)   -    -    -    -    -    21    -    -    21 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $53,013   $110,531   $85,436   $31,612   $10,910   $23,505   $1,816   $1,300   $318,123 
                                              
Home equity line of credit (HELOC)                                             
Pass (1 - 4)  $-   $-   $46   $18   $85   $94   $40,932   $6,492   $47,667 
Special Mention (5)   -    -    -    -    -    59    20    99    178 
Substandard (6)   -    -    -    -    -    -    -    -    - 
Doubtful (7)   -    -    -    -    -    -    -    -    - 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $-   $-   $46   $18   $85   $153   $40,952   $6,591   $47,845 
                                              
Consumer                                             
Pass (1 - 4)  $3,296   $5,142   $1,429   $740   $221   $128   $6,863   $-   $17,819 
Special Mention (5)   -    -    -    1    -    -    -    -    1 
Substandard (6)   -    9    -    -    -    -    -    -    9 
Doubtful (7)   -    -    -    -    -    -    -    -    - 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total  $3,296   $5,151   $1,429   $741   $221   $128   $6,863   $-   $17,829 
                                              
Total Loans                                             
Pass (1 - 4)  $165,212   $238,592   $193,099   $105,213   $63,481   $106,856   $110,334   $8,409   $991,196 
Special Mention (5)   -    731    -    2,403    1,196    1,333    221    99    5,983 
Substandard (6)   -    50    361    54    510    1,211    18    80    2,284 
Doubtful (7)   195    -    252    -    2    245    50    5    749 
Loss (8)   -    -    -    -    -    -    -    -    - 
Total Loans  $165,407   $239,373   $193,712   $107,670   $65,189   $109,645   $110,623   $8,593   $1,000,212 

 
Schedule of Credit Quality Indicators and Loan Categories The following table presents loan balances by credit quality indicators and loan categories as of December 31, 2022.
($ in thousands)
December 31, 2022		  Commercial
& industrial		   Commercial
real estate -
owner
occupied		   Commercial
real estate -
nonowner
occupied		   Agricultural   Residential
real estate		   HELOC   Consumer   Total 
Pass (1 - 4)  $127,727   $107,999   $296,611   $64,505   $288,028   $44,746   $19,915   $949,531 
Special Mention (5)   394    2,930    4,899    
-
    
-
    
-
    
-
    8,223 
Substandard (6)   158    
-
    160    
-
    3,316    310    29    3,973 
Doubtful (7)   114    
-
    210    
-
    24    
-
    
-
    348 
Loss (8)    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Total Loans  $128,393   $110,929   $301,880   $64,505   $291,368   $45,056   $19,944   $962,075 
Schedule of Loan Portfolio Aging Analysis The following tables present the Company’s loan portfolio aging analysis as of December 31, 2023 and 2022:
($ in thousands)  30-59 Days   60-89 Days   Greater Than
90 Days		   Total
Past		         
December 31, 2023  Past Due   Past Due   Past Due   Due   Current   Total Loans 
Commercial & industrial  $26   $
-
   $658   $684   $126,032   $126,716 
Commercial real estate - owner occupied   
-
    
-
    
-
    
-
    126,717    126,717 
Commercial real estate - nonowner occupied   
-
    
-
    29    29    297,294    297,323 
Agricultural   
-
    
-
    
-
    
-
    65,659    65,659 
Residential real estate   
-
    222    395    617    317,506    318,123 
HELOC   
-
    8    67    75    47,770    47,845 
Consumer   88    33    1    122    17,707    17,829 
Total Loans  $114   $263   $1,150   $1,527   $998,685   $1,000,212 
   30-59 Days   60-89 Days   Greater Than
90 Days		   Total
Past		         
December 31, 2022  Past Due   Past Due   Past Due   Due   Current   Total Loans 
Commercial & industrial  $23   $108   $114   $245   $128,148   $128,393 
Commercial real estate - owner occupied   
-
    
-
    
-
    
-
    110,929    110,929 
Commercial real estate - nonowner occupied   114    
-
    32    146    301,734    301,880 
Agricultural   
-
    
-
    
-
    
-
    64,505    64,505 
Residential real estate   98    411    1,287    1,796    289,572    291,368 
HELOC   98    24    138    260    44,796    45,056 
Consumer   61    26    22    109    19,835    19,944 
Total Loans  $394   $569   $1,593   $2,556   $959,519   $962,075 
Schedule of Categories of Nonaccrual Loans The categories of nonaccrual loans as of December 31, 2023 and December 31, 2022 are presented in the following table.
   2023   2022 
($ in thousands)  Nonaccrual loans with no allowance   Nonaccrual loans with an allowance   Total nonaccrual loans   Total nonaccrual loans 
Commercial & industrial  $651   $97   $748   $114 
Commercial real estate - owner occupied   26    
-
    26    
-
 
Commercial real estate - nonowner occupied   141    
-
    141    210 
Agricultural   
-
    
-
    
-
    
-
 
Residential real estate   1,694    18    1,712    3,020 
Home equity line of credit (HELOC)   180    
-
    180    310 
Consumer   11    
-
    11    28 
Total loans  $2,703   $115   $2,818   $3,682 
Schedule of Presents an Analysis of Collateral-Dependent Loans The following table presents impaired loan activity for the twelve months ended December 31, 2022:
                    
($ in thousands)  Recorded   Unpaid Principal   Related   Average Recorded   Interest Income 
Twelve Months Ended December 31, 2022  Investment   Balance   Allowance   Investment   Recognized 
With no related allowance recorded:                    
Commercial & industrial  $204   $627   $
-
   $650   $34 
Commercial real estate - owner occupied   
-
    
-
    
-
    
-
    
-
 
Commercial real estate - nonowner occupied   347    825    
-
    1,350    94 
Agricultural   
-
    
-
    
-
    
-
    
-
 
Residential real estate   1,491    1,558    
-
    1,793    65 
HELOC   68    68         85    4 
Consumer   
-
    
-
    
-
    
-
    
-
 
With a specific allowance recorded:                         
Commercial & industrial   
-
    
-
    
-
    
-
    
-
 
Commercial real estate - owner occupied   
-
    
-
    
-
    
-
    
-
 
Commercial real estate - nonowner occupied   
-
    
-
    
-
    
-
    
-
 
Agricultural   
-
    
-
    
-
    
-
    
-
 
Residential real estate   1,372    1,372    138    1,424    43 
HELOC   46    46    2    51    2 
Consumer   
-
    
-
    
-
    
-
    
-
 
Totals:                         
Commercial & industrial  $204   $627   $
-
   $650   $34 
Commercial real estate - owner occupied  $
-
   $
-
   $
-
   $
-
   $
-
 
Commercial real estate - nonowner occupied  $347   $825   $
-
   $1,350   $94 
Agricultural  $
-
   $
-
   $
-
   $
-
   $
-
 
Residential real estate  $2,863   $2,930   $138   $3,217   $108 
HELOC  $114   $114   $2   $136   $6 
Consumer  $
-
   $
-
   $
-
   $
-
   $
-
 
Schedule of Credit Losses for Unfunded Loan Commitments The following table presents the balance and activity in the ACL for unfunded loan commitments for the twelve months ended December 31, 2023 and 2022.
($ in thousands)  2023   2022 
Balance, beginning of period  $
-
   $
-
 
Adjustment for adoption of ASU 2016-13   1,149    
-
 
Provision for unfunded commitments   (373)   
-
 
Balance, end of period  $776   $
-
 
Schedule of Loans to Directors Loans to directors and their related interests, including loans to companies for which directors are principal owners and executive officers are presented in the following table at December 31:
($ in thousands)  2023   2022 
Balance at beginning of period  $521   $521 
Effect of change in compostioin of directors and executive officers   
-
    112 
New Term Loans   
-
    
-
 
Repayment of term loans   (144)   (53)
Changes in balances of revolving lines of credit   58    (59)
Balance at end of period  $435   $521