0001564590-21-007929 | 10-K | XBRL Viewer | Farmers Merchants Bancorp INC

Print Document View Excel Document

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2020	Feb. 19, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP, INC.
Entity Central Index Key	0000792966
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	001-38084
Entity Tax Identification Number	34-1469491
Entity Address, Address Line One	307 North Defiance Street
Entity Address, City or Town	Archbold
Entity Address, Postal Zip Code	43502
City Area Code	(419)
Local Phone Number	446-2501
Entity Incorporation, State or Country Code	OH
Document Annual Report	true
Document Transition Report	false
ICFR Auditor Attestation Flag	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	OH
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		11,196,744
Entity Public Float			$ 236,380,491
Documents Incorporated by Reference	Part III of Form 10-K – Portions of the definitive Proxy Statement for the 2021 Annual Meeting of Shareholders of Farmers & Merchants Bancorp, Inc.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 98,279	$ 50,137
Federal funds sold	77,427	1,159
Total cash and cash equivalents	175,706	51,296
Interest-bearing time deposits	4,653	4,309
Securities - available-for-sale	307,812	222,293
Other securities, at cost	5,939	5,810
Loans held for sale	7,740	4,248
Loans, net	1,289,318	1,211,771
Premises and equipment	27,063	26,283
Construction in progress		68
Goodwill	47,340	47,340
Mortgage servicing rights	3,320	2,629
Other real estate owned	71	214
Bank owned life insurance	25,208	15,235
Other assets	15,374	15,834
Total Assets	1,909,544	1,607,330
Deposits
Noninterest-bearing	351,147	265,156
Interest-bearing
NOW accounts	542,317	423,655
Savings	455,145	322,973
Time	247,553	276,563
Total deposits	1,596,162	1,288,347
Federal funds purchased and securities sold under agreement to repurchase	30,239	48,073
Federal Home Loan Bank (FHLB) advances	17,861	24,806
Dividend payable	1,889	1,768
Accrued expenses and other liabilities	14,233	14,078
Total liabilities	1,660,384	1,377,072
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 12,230,000 shares 12/31/20 and 12/31/19	81,804	81,535
Treasury stock - 1,032,456 shares 12/31/20, 1,093,065 shares 12/31/19	(11,932)	(12,456)
Retained earnings	173,591	160,081
Accumulated other comprehensive income	5,697	1,098
Total stockholders' equity	249,160	230,258
Total Liabilities and Stockholders' Equity	$ 1,909,544	$ 1,607,330

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, no par value
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	12,230,000	12,230,000
Common stock, shares outstanding	12,230,000	12,230,000
Treasury Stock, shares	1,032,456	1,093,065

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest Income
Loans, including fees	$ 65,317	$ 62,213	$ 42,303
Debt securities:
U.S. Treasury and government agencies	3,369	3,341	2,478
Municipalities	1,079	837	1,095
Dividends	142	293	220
Federal funds sold	20	416	19
Other	242	1,206	314
Total interest income	70,169	68,306	46,429
Interest Expense
Deposits	8,638	12,942	5,989
Federal funds purchased and securities sold under agreements to repurchase	775	734	503
Borrowed funds	980	1,083	80
Total interest expense	10,393	14,759	6,572
Net Interest Income Before Provision for Loan Losses	59,776	53,547	39,857
Provision for Loan Losses	6,981	1,138	324
Net Interest Income After Provision for Loan Losses	52,795	52,409	39,533
Noninterest Income
Net gain on sale of loans	4,022	677	757
Net gain (loss) on sale of available-for-sale securities	270	(26)	(9)
Total noninterest income	16,787	11,820	10,864
Noninterest Expense
Salaries and wages	18,488	16,329	13,760
Employee benefits	5,601	5,558	4,115
Net occupancy expense	2,271	2,317	1,757
Furniture and equipment	3,143	2,775	2,110
Data processing	1,768	2,553	1,318
Franchise taxes	1,346	981	954
ATM expense	1,690	1,715	1,340
Advertising	1,332	1,569	887
Net loss on sale of other assets owned	7	81	44
FDIC assessment	633	183	326
Mortgage servicing rights amortization	1,031	487	364
Consulting fees	968	668	928
Other general and administrative	6,098	6,251	4,244
Total noninterest expense	44,376	41,467	32,147
Income Before Income Taxes	25,206	22,762	18,250
Income Taxes	5,111	4,360	3,301
Net Income	$ 20,095	$ 18,402	$ 14,949
Basic and Diluted Earnings Per Share	$ 1.80	$ 1.66	$ 1.61
Dividends Declared	$ 0.66	$ 0.61	$ 0.56
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 8,893	$ 6,726	$ 5,935
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 3,602	$ 4,443	$ 4,181

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 4,723	$ 4,275	$ 6,180	$ 3,224	$ 20,095	$ 18,402	$ 14,949
Other Comprehensive Income (Loss) (Net of Tax):
Net unrealized gain (loss) on available-for-sale securities									6,091	5,179	(1,058)
Reclassification adjustment for realized (gain) loss on sale of available-for-sale securities									(270)	26	9
Net unrealized gain (loss) on available-for-sale securities									5,821	5,205	(1,049)
Tax expense (benefit)									1,222	1,093	(220)
Other comprehensive income (loss)									4,599	4,112	(829)
Comprehensive Income									$ 24,694	$ 22,514	$ 14,120

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Consolidated Statements of Changes to Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2017	$ 134,107	$ 11,546	$ (12,160)	$ 136,547	$ (1,826)
Beginning balance, shares at Dec. 31, 2017		9,265,880
Adoption of ASU 2018-02 \| ASU 2018-02 [Member]	359
Beginning balance at Dec. 31, 2017	134,107	$ 11,546	(12,160)	136,547	(1,826)
Beginning balance, shares at Dec. 31, 2017		9,265,880
Net income	14,949			14,949
Other comprehensive income (loss)	(829)				(829)
Adoption of ASU 2018-02 \| ASU 2018-02 [Member]				359	(359)
Purchase of treasury stock	(490)		(490)
Purchase of treasury stock, shares		(10,999)
Issuance of restricted stock (Net of forfeitures)	(53)	$ (1,468)	241	1,174
Issuance of restricted stock (Net of forfeitures), Shares		30,380
Stock-based compensation expense	745	$ 745
Cash dividends declared	(5,142)			(5,142)
Ending balance at Dec. 31, 2018	143,287	$ 10,823	(12,409)	147,887	(3,014)
Ending balance, shares at Dec. 31, 2018		9,285,261
Net income	18,402			18,402
Other comprehensive income (loss)	4,112				4,112
Issuance of common stock in acquisition	70,437	$ 70,437
Issuance of common stock in acquisition, shares		1,830,000
Purchase of treasury stock	(381)		(381)
Purchase of treasury stock, shares		(13,206)
Issuance of restricted stock (Net of forfeitures)	47	$ (813)	334	526
Issuance of restricted stock (Net of forfeitures), Shares		34,880
Stock-based compensation expense	1,088	$ 1,088
Cash dividends declared	(6,734)			(6,734)
Ending balance at Dec. 31, 2019	230,258	$ 81,535	(12,456)	160,081	1,098
Ending balance, shares at Dec. 31, 2019		11,136,935
Net income	20,095			20,095
Other comprehensive income (loss)	4,599				4,599
Issuance of common stock in acquisition	825		500	325
Issuance of common stock in acquisition, shares		40,049
Purchase of treasury stock	(383)		(383)
Purchase of treasury stock, shares		(16,779)
Issuance of restricted stock (Net of forfeitures)	1	$ (755)	383	373
Issuance of restricted stock (Net of forfeitures), Shares		35,207
Stock-based compensation expense	1,024	$ 1,024
Director stock awards	48		24	24
Director stock awards, shares		2,132
Cash dividends declared	(7,307)			(7,307)
Ending balance at Dec. 31, 2020	$ 249,160	$ 81,804	$ (11,932)	$ 173,591	$ 5,697
Ending balance, shares at Dec. 31, 2020		11,197,544

Consolidated Statements of Changes to Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Issuance of shares of restricted stock, Shares	37,382	38,100	33,000
Cash dividends declared, per share	$ 0.66	$ 0.61	$ 0.56
Common Stock [Member]
Issuance of shares of restricted stock, Shares	37,382	38,100	33,000
Issuance of shares of restricted stock, forfeitures	2,175	3,220	2,620
Issuance of shares of common stock in acquisition	40,049	1,830,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net income	$ 20,095	$ 18,402	$ 14,949
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	2,531	2,307	1,711
Amortization of premiums on available-for-sale securities, net	1,289	822	957
Amortization of servicing rights	1,031	487	364
Amortization of core deposit intangible	720	727	167
Amortization of customer list intangible	16
Net amortization (accretion) of fair value adjustments	455	(1,379)	6
Stock-based compensation expense	1,024	1,088	745
Director stock awards	48
Deferred income taxes	(1,691)	292	471
Provision for loan losses	6,981	1,138	324
Gain on sale of loans held for sale	(4,022)	(677)	(757)
Originations of loans held for sale	(210,029)	(73,562)	(51,807)
Proceeds from sale of loans held for sale	210,559	68,579	51,381
Loss on sale of other assets owned	7	81	44
(Gain) loss on sales of available-for-sale securities	(270)	26	9
Increase in cash surrender value of bank owned life insurance	(359)	(351)	(361)
Gain on bank owned life insurance	(430)
Change in other assets and other liabilities, net	(573)	5,951	(7,466)
Net cash provided by operating activities	27,382	23,931	10,737
Activity in available-for-sale securities:
Maturities, prepayments and calls	91,003	67,071	29,691
Sales	11,843	11,100	10,081
Purchases	(183,563)	(110,166)	(13,866)
Activity in other securities, at cost:
Sales		237
Purchases	(129)	(21)
Purchase of bank owned life insurance	(10,000)
Proceeds from bank owned life insurance	816
Change in interest-bearing time deposits	(344)	(290)	(1)
Proceeds from sales of other assets owned	226	564	120
Additions to premises and equipment	(3,222)	(3,510)	(2,628)
Loan originations and principal collections, net	(84,354)	(112,212)	(21,926)
Acquisition of Limberlost, net of cash received		(2,089)
Net cash provided by (used in) investing activities	(177,724)	(149,316)	1,471
Cash Flows from Financing Activities
Net change in deposits	307,648	153,088	9,450
Net change in federal funds purchased and securities sold under agreements to repurchase	(17,834)	15,892	(7,314)
Repayment of FHLB advances	(7,493)	(23,938)	(5,000)
Purchase of treasury stock	(383)	(381)	(490)
Cash dividends paid on common stock	(7,186)	(6,345)	(4,956)
Net cash provided by (used in) financing activities	274,752	138,316	(8,310)
Net Increase in Cash and Cash Equivalents	124,410	12,931	3,898
Cash and Cash Equivalents - Beginning of Year	51,296	38,365	34,467
Cash and Cash Equivalents - End of Year	175,706	51,296	38,365
Supplemental cash flow information:
Interest paid	10,093	13,540	6,472
Income taxes paid	6,473	3,954	5,155
Supplemental noncash disclosures:
Transfer of loans to other real estate owned	71	287	68
Cash dividends declared not paid	1,889	1,768	$ 1,379
Limberlost Bancshares, Inc. [Member]
Supplemental noncash disclosures:
Fair value of assets acquired	825	336,380
Less: common stock issued	$ 825	70,437
Cash paid for the capital stock		8,465
Liabilities assumed		$ 257,478

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands		12 Months Ended
	Nov. 16, 2020	Dec. 31, 2019
Adams County Financial Resources
Purchase of capital stock	$ 825
Business acquisition, number of shares issued to purchase assets	40,049
Limberlost Bancshares, Inc. [Member]
Purchase of capital stock		$ 78,902

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1 - Summary of Significant Accounting Policies

Nature of Operations

The Farmers & Merchants Bancorp, Inc. (the Company) through its bank subsidiary, The Farmers & Merchants State Bank (the Bank) provides a variety of financial services to individuals and small businesses through its offices in Northwest Ohio and Northeast Indiana.

Consolidation Policy

The consolidated financial statements include the accounts of Farmers & Merchants Bancorp, Inc. and its wholly-owned subsidiaries, The Farmers & Merchants State Bank (the Bank), a commercial banking institution and Farmers & Merchants Risk Management, Inc. (the Captive), a Captive insurance company. All significant inter-company balances and transactions have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of mortgage servicing rights. Actual results could differ from those estimates.

The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral.

The Bank’s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on local economic conditions in the agricultural industry.

While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.

Cash and Cash Equivalents

For purposes of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. This includes cash on hand, amounts due from banks, and federal funds sold. Generally, federal funds sold are outstanding for one day periods.

Restrictions on Cash and Amounts Due from Banks

Effective March 26, 2020, the Bank is no longer required to maintain average balances on hand with the Federal Reserve Bank. The Company and its subsidiaries maintain cash balances with high quality financial institutions. At times such balances may be in excess of the federally insured limits.

Securities

Debt securities are classified as available-for-sale. Securities available-for-sale are carried at fair value with unrealized gains and losses reported in other comprehensive income (loss). Net realized gains and losses on securities available for sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income (loss). Gains and losses on sales of securities are determined on the specific-identification method.

Declines in the fair value of securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The related write-downs are included in earnings as realized losses.

Other Securities

Other Securities consist of stock in the Federal Home Loan Banks of Cincinnati and Indianapolis (the “FHLBs”), which is held to enable the Bank to conduct business with the entities. The FHLBs sell and purchase their stock at par. The FHLBs stock is carried at cost and held as collateral security for all indebtedness of the Bank to the Federal Home Loan Bank. The FHLBs stock is evaluated for impairment as conditions warrant.

Loans

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at the amount of unpaid principal, reduced by unearned discounts, unamortized premiums or discounts on purchased loans, and deferred loan fees and costs, as well as, by the allowance for loan losses. Interest income is accrued on a daily basis based on the principal outstanding.

Generally, a loan is classified as nonaccrual and the accrual of interest income is generally discontinued when a loan becomes ninety days past due as to principal or interest and these loans are placed on a “cash basis” for purposes of income recognition. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral is sufficient to cover the principal and accrued interest, and the loan is in the process of collection. When a loan is placed on nonaccrual status, all previously accrued and unpaid interest receivable is charged against income.

Loan origination and commitment fees and certain direct loan origination costs are deferred and amortized as a net adjustment to the related loan’s yield. The Bank is generally amortizing these costs over the contractual life of such loans.

Allowance for Loan Losses

The allowance for loan losses is established through a provision for loan losses charged to income. Loans deemed to be uncollectable and changes in the allowance relating to loans are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans in light of historical experiences, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are subject to revision as more information becomes available.

The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss

experience adjusted for qualitative factors. The unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses.

A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and agricultural loans by either the present value of expected future cash flows discounted at the loan's effective interest rate or the fair value of the collateral if the loan is collateral dependent.

At 90 days delinquent, secured consumer loans are charged down to the value of the collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency.

For the majority of the Bank’s impaired loans, the Bank will apply the fair value of collateral or use a measurement incorporating the present value of expected future cash flows discounted at the loan’s effective rate of interest. To determine fair value of collateral, collateral asset values securing an impaired loan are periodically evaluated. Maximum time of re-evaluation is every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations are obtained. Until such time that updated appraisals are received, the Bank may discount the collateral value used.

Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual consumer loans for impairment, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.

For more information regarding the actual composition and classification of loans involved in the establishment of the allowance for loan loss, please see Note 4 provided here with the notes to consolidated financial statements.

Loans Held for Sale

Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized in a valuation allowance by charges to income.

Servicing Assets

Servicing assets are recognized as separate assets when rights are acquired through purchase or sale of financial assets. Capitalized servicing rights are amortized into noninterest expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights by predominant characteristics, such as interest rates and terms. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance for an individual stratum, to the extent that fair value is less than the capitalized amount for the stratum. Fees received for servicing loans owned by investors are based on a percentage of the outstanding monthly principal balance of such loans and are included in operating income as loan payments are received. Costs of servicing loans are charged to expense as incurred.

Goodwill and Other Intangible Assets

Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed for impairment at least annually. If possible impairment is likely, the Bank will utilize the assistance of an independent third party for

an appraisal and any such impairment is recognized in the period identified. The Bank’s annual goodwill impairment analysis was performed as of September 30, 2020 by an independent third party. The goodwill impairment analysis consisted of a first step goodwill impairment test which was used to identify potential impairment by comparing the fair value of the relevant reporting entity with its carrying value, including goodwill. The analysis was performed under guidance of FASB ASC 350. As of September 30, 2020, the excess fair value of capital was $57.8 million or 26.8% over the carrying value and was over 1.2 times the value of goodwill being carried. Therefore, the Bank concluded it is unlikely impairment of goodwill has occurred from the goodwill established from the Bank’s acquisition of Knisely which occurred on December 31, 2007, and the acquisition of Bank of Geneva which occurred on January 1, 2019.

Other intangible assets consist of core deposit and customer list intangible assets arising from business acquisitions. They are initially measured at fair value and then are amortized on a straight line method over their estimated useful lives and evaluated for impairment. These assets are included in other assets on the consolidated balance sheets.

Off Balance Sheet Instruments

In the ordinary course of business, the Bank has entered into commitments to extend credit, including commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded.

Foreclosed Real Estate

Foreclosed real estate held for sale is carried at the lower of fair value minus estimated costs to sell, or cost. Costs of holding foreclosed real estate are charged to expense in the current period, except for significant property improvements, which are capitalized. Valuations are periodically performed by management and an allowance is established by a charge to non-interest expense if the carrying value exceeds the fair value minus the estimated costs to sell. Foreclosed real estate is classified as other real estate owned. The net loss from operations of foreclosed real estate held for sale is reported in non-interest expense. At December 31, the Bank’s holding of other real estate owned totaled $71 thousand and $214 thousand for 2020 and 2019, respectively.

Bank Premises and Equipment

Land is carried at cost. Bank premises and equipment are stated at cost less accumulated depreciation. Depreciation is based on the estimated useful lives of the various properties and is computed using straight line and accelerated methods. Costs for maintenance and repairs are charged to operations as incurred. Gains and losses on dispositions are included in current operations.

Bank Owned Life Insurance

Bank owned life insurance policies are carried at their cash surrender value. The Bank recognizes tax-free income from the periodic increases in the cash surrender value of these policies and from death benefits.

Revenue Recognition

Accounting Standards Codification 606, “Revenue from Contracts with Customer” (ASC 606) provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue generated from financial instruments, including loans and investment securities, are not included within the scope of ASC 606. The adoption of ASC 606 did not result in a change to the accounting for any of the Company’s revenue streams that are within scope of the amendments. Revenue-generating activities that are within the scope of ASC 606 that are presented as non-interest income in the Company’s consolidated statements of income include:

Customer service fees – these include miscellaneous service fees and transaction-based fees charged for certain services, such as debit card or credit card. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services.

Other service charges and fees – these include service fees charged for deposit account maintenance and activity along with transaction-based fees charged for certain services, such as overdraft activities, returned check charges and wire transfers. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services.

Income Tax

The Company’s income tax expense consists of the following components for federal and state: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur.

Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized.

The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in tax expense. Based on management’s analysis, the Company did not have any uncertain tax positions as of December 31, 2020 and 2019. With a few exceptions, the Company is no longer subject to U.S. Federal, state or local examinations by tax authorities for years before 2017.

Earnings Per Share

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. On August 18, 2017, the Company’s Board of Directors authorized a two-for-one stock split payable on September 20, 2017, for shareholders of record on September 5, 2017. See Note 12 for additional information.

Stock-Based Compensation

The fair value of restricted common stock is their fair market value on the date of grant. The fair value of restricted stock is amortized as compensation expense on a straight-line basis over the vesting period of the grants. Compensation expense recognized is included in salaries and wages in the consolidated statements of income.

Transfers of Financial Assets

Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.

Treasury Stock

Common stock shares repurchased are recorded at market value on date of purchase. Restricted shares when awarded are removed from treasury stock using the weighted average method.

Other Comprehensive Income (Loss)

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the balance sheet. Such items, along with net income, are components of other comprehensive income (loss).

The company adopted ASU 2018-02 on January 1, 2018 and elected to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income (AOCI) to retained earnings. The reclassification increased retained earnings and decreased AOCI by $359 thousand, with zero net effect on total stockholder’s equity.

The components of other comprehensive income (loss) and related tax effects are as follows:

	(In Thousands)
	2020			2019		2018
Net unrealized gain (loss) on available-for-sale securities	$	6,091		$	5,179	$	(1,058	)
Reclassification adjustment for (gain) loss on sale of available-for-sale securities		(270	)		26		9
Net unrealized gain (loss) on available-for-sale securities		5,821			5,205		(1,049	)
Tax expense (benefit)		1,222			1,093		(220	)
Other comprehensive income (loss)	$	4,599		$	4,112	$	(829	)

Reclassification

Certain amounts in the 2019 and 2018 consolidated financial statements have been reclassified to conform with the 2020 presentation. These reclassifications had no effect on net income.

Recent Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration.

The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company has completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption can be postponed until periods beginning after December 15, 2022 (i.e., January 1, 2023, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018.

The Company has contracted with an external advisor and has formed a committee to determine the methodology to be used. Most importantly, the Company is gathering as much data as possible to enable management to review scenarios and determine which calculations will produce the most reliable results. The Company began working with the third-party service provider to review parallel reports starting in June 2019. The Company has not adopted ASU 2016-13 in calendar year 2020 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13.

In January 2017, the FASB issued ASU No. 2017-04 “Intangibles – Goodwill and other (Topic 350) – Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2 from the goodwill impairment test. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption was permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company has adopted ASU 2017-04 effective January 1, 2020, as required, without a material impact on its financial statements.

In August 2018, the FASB issued ASU No. 2018-13 “Fair Value Measurement (Topic 820) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in this update remove disclosures that no longer are considered cost beneficial, modify/clarify the specific requirements of certain disclosures, and add disclosure requirements identified as relevant. ASU 2018-13 is effective for years beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2018-13 effective January 1, 2020, as required, without material effect on its accounting disclosures.

In March 2020, in connection with the implementation of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and related provisions, we have elected the temporary relief in the CARES Act not to apply the guidance in ASC 310-40 on accounting for troubled debt restructurings (TDRs) to loan modifications related to COVID-19 made between March 1, 2020 and the earlier of (1) December 31, 2020 or (2) 60 days after the end of the COVID-19 national emergency. The relief was only applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019. As of December 31, 2020, there were no loan modifications that would have been previously treated as TDRs under the guidance in ASC 310-40.

Business Combination & Asset Purchase

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Business Combination & Asset Purchase

Note 2 – Business Combination & Asset Purchase

On January 1, 2019, the Company acquired Limberlost Bancshares, Inc. (“Limberlost”), the bank holding company for Bank of Geneva, a community bank based in Geneva, Indiana. Bank of Geneva operated six full-service offices in the northeast Indiana communities of Geneva, Berne, Decatur, Monroe, Portland and Monroeville. Shareholders of Limberlost received 1,830 shares of FMAO common stock and $8,465.00 in cash for each share. Limberlost had 1,000 shares outstanding on January 1, 2019. The share price of Farmers & Merchants Bancorp, Inc. (FMAO) stock on January 1, 2019 was $38.49. Total consideration for the acquisition was approximately $78.9 million consisting of $8.5 million in cash and $70.4 million in stock. As a result of the acquisition, the Company has had an opportunity to increase its deposit base and reduce transaction costs. The Company has also reduced costs through economies of scale.

In 2018, the Company incurred $742.1 thousand of third-party acquisition-related costs. The largest portion of the expenses recognized in 2018 related to consulting fees of $340 thousand, other general and administration expenses of $331.5 thousand and data processing expenses of $58.6 thousand. These three categories of expense accounted for 98.4% of the total acquisition expenses impacting the 2018 financial statements of the Company.

In 2019, the Company has incurred additional third-party acquisition-related costs of $1.28 million. These expenses are comprised of data processing of $867.6 thousand, employee benefits of $163.0 thousand, ATM expense of $31.4 thousand, consulting fees of $19.3 thousand and other general and administrative expense of $199.8 thousand in the Company’s consolidated statement of income for the year ended December 31, 2019.

Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $78.9 million, $3.9 million has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $43.3 million resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Bank of Geneva. Of that total amount, none of the purchase price is deductible for tax purposes. The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date.

[Remainder of this page intentionally left blank.]

Fair Value of Consideration Transferred
	(In Thousands)
Cash	$	8,465
Common Shares (1,830,000 shares)		70,437
Total	$	78,902

Recognized amounts of identifiable assets acquired and liabilities assumed

Assets
Cash and cash equivalents	$	6,376
Securities - available-for-sale		17,494
Other securities, at cost		2,347
Loans, net		257,183
Premises and equipment		2,538
Goodwill		43,266
Other assets		7,176
Total Assets Purchased	$	336,380

Liabilities
Deposits
Noninterest bearing	$	37,822
Interest bearing		168,312
Total deposits		206,134
Federal Home Loan Bank (FHLB) advances		48,196
Accrued expenses and other liabilities		3,148
Total Liabilities Assumed	$	257,478

The fair value of the assets acquired included loans with a fair value of $257.2 million. The gross principal and contractual interest due under the contracts were $359.2 million, of which $4.7 million was expected to be uncollectible. The loans had a weighted average life of 70 months.

The fair value of building and land included in premises and equipment was written down by $1.2 million and is being amortized based on the remaining life of each building. The combined average remaining life was 16.75 years.

The fair value for certificates of deposit incorporated a valuation amount of $0.5 million which was amortized over 1.5 years. The fair value of Federal Home Loan Bank (FHLB) advances included a valuation amount of $1.3 million which is being amortized over 2.3 years.

The Company acquired loans in the acquisition that had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected.

Loans purchased with evidence of credit deterioration since origination and for which it was probable that all contractually required payments would not be collected were considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date included information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans were accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality (ASC 310-30) and initially measured at fair value, which included estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans was not carried over and recorded at the acquisition date. Management estimated the cash flows expected to be collected at acquisition using our internal

risk models, which incorporated the estimate of current key assumptions, such as default rates, severity and prepayment speeds.

The carrying amount of those loans is included in loans, net on the balance sheet at December 31, 2020. The amounts of loans at December 31, 2020 are as follows:

	2019
	(In Thousands)
Balance - January 1, 2019
Commercial	$	4,094
Consumer RE		231
Consumer		71
Carrying amount, net of fair value adjustment of $2,118	$	2,278

Balance - December 31, 2019
Commercial	$	106
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $62	$	44
Balance - January 1, 2020
Commercial	$	106
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $62	$	44

Balance - December 31, 2020
Commercial	$	-
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $0	$	-

Loans acquired during 2019 for which it was probable at acquisition that all contractually required payments would not be collected are as follows:

	(In Thousands)
Contractually required payments receivable at acquisition
Commercial	$	4,215
Consumer RE		261
Consumer		94
Total required payments receivable	$	4,570

Cash flows expected to be collected at acquisition	$	2,788

Basis in acquired loans at acquisition	$	4,396

During the second quarter 2019, two commercial purchased credit-impaired loans were paid off in full after the customer was able to secure financing at another financial institution. The associated discount originally recognized

at acquisition of $1.985 million was included in loan interest income in the Company’s consolidated statement of income for the year ended December 31, 2019. The balance of the fair value adjustment for loans acquired and accounted for under this guidance (ASC 310-30) was $0 at December 31, 2020, $62 thousand at December 31, 2019, and $2.118 million on January 1, 2019.

Changes in accretable yield, or income expected to be collected, are as follows:

	2020			2019
	(In Thousands)			(In Thousands)
Beginning Balance	$	2,021		$	2,544
Additions		3			6
Accretion		(427	)		(2,426	)
Reclassification from nonaccretable difference		62			2,019
Disposals		(6	)		(122	)
Ending Balance	$	1,653		$	2,021

The results of operations of Bank of Geneva have been included in the Company’s consolidated financial statements since the acquisition date of January 1, 2019. The following schedule includes pro-forma results for the years ended December 31, 2019 and 2018 as if the Bank of Geneva acquisition had occurred as of the beginning of the comparable prior reporting period.

	2019		2018
Summary of Operations
Net Interest Income - Before Provision for Loan Losses	$	53,547	$	54,234
Provision for Loan Losses		1,138		579
Net Interest Income After Provision for Loan Losses		52,409		53,655
Noninterest Income		11,820		11,750
Noninterest Expense		40,314		40,517
Income Before Income Taxes		23,915		24,888
Income Taxes		4,484		4,530
Net Income	$	19,431	$	20,358
Basic and Diluted Earnings Per Share	$	1.75	$	1.83

The pro-forma information includes adjustments for interest income on loans, amortization of intangibles arising from the transaction, interest expense on deposits acquired, premises expense for the branches acquired and the related income tax effects. The pro-forma information for the year ended December 31, 2019 includes approximately $7.4 million, net of tax, of operating revenue from Bank of Geneva since acquisition.

The pro-forma financial information is presented for informational purposes only and is not indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results.

The Company purchased an office on December 13, 2013 in Custar, Ohio. Core deposit intangible assets of $1.17 million were recognized and were amortized over its remaining economic useful life of the deposits of 7 years on a straight line basis.

As mentioned previously, the acquisition of Bank of Geneva resulted in the recognition of $3.9 million in core deposit intangible assets which are being amortized over its remaining economic useful life of 7 years on a straight line basis. Core deposit intangible is included in other assets on the consolidated balance sheets.

The amortization expense for the years ended December 31, 2020, 2019 and 2018 was $720, $727, and $167 thousand, respectively.

Future amortization expense of core deposit intangible assets is as follows:

	Geneva
	(In thousands)
2021	$	560
2022		560
2023		560
2024		560
2025		560
Total	$	2,800

[Remainder of this page intentionally left blank.]

On November 16, 2020, FM Investment Services, a division of the Bank, purchased the assets and clients of Adams County Financial Resources (ACFR), a full-service registered investment advisory firm located in Geneva, Indiana.

ACFR was founded in 1994 by R. Lee Flueckiger and provides clients and their families with financial confidence through personalized investment planning and services. As of November 30, 2020, ACFR had approximately $83 million of assets under management and over 450 clients.

Total consideration for the purchase was $825 thousand which consisted of 40,049 shares of stock. As a result of this purchase, the Company expects an increase to noninterest income of approximately $500 thousand in 2021.

Under the acquisition method of accounting, the total purchase is allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $825 thousand, $800 thousand has been allocated to customer list intangible, included in other assets, to be amortized over 6.5 years on a straight line basis.

The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired:

Fair Value of Consideration Transferred
	(In Thousands)
Common Shares (40,049 shares)	$	825
Total	$	825

Recognized amounts of identifiable assets acquired and liabilities assumed

Assets
Premises and equipment	$	25
Customer list intangible		800
Total Assets Purchased	$	825

The customer list intangible amortization expense for 2020 was $16 thousand. Future amortization expense of customer list intangible is as follows:

		(In Thousands)
2021	$	123
2022		123
2023		123
2024		123
2025		123
Thereafter		169
Total	$	784

Securities

12 Months Ended

Dec. 31, 2020

Investments Debt And Equity Securities [Abstract]

Securities

Note 3 – Securities

The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:

	(In Thousands)
	2020
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	-	$	-	$	-		$	-
U.S. Government agencies		122,514		1,857		(130	)		124,241
Mortgage-backed securities		110,828		2,228		-			113,056
State and local governments		67,260		3,265		(10	)		70,515
Total available-for-sale securities	$	300,602	$	7,350	$	(140	)	$	307,812

	(In Thousands)
	2019
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	10,023	$	10	$	(12	)	$	10,021
U.S. Government agencies		61,882		584		(21	)		62,445
Mortgage-backed securities		94,998		426		(227	)		95,197
State and local governments		54,001		749		(120	)		54,630
Total available-for-sale securities	$	220,904	$	1,769	$	(380	)	$	222,293

Investment securities will at times depreciate to an unrealized loss position. The Bank utilizes the following criteria to assess whether impairment is other than temporary. No one item by itself will necessarily signal that a security should be recognized as other than temporarily impaired.

The fair value of the security has significantly declined from book value.

A downgrade has occurred that lowered the credit rating to below investment grade (below Baa3 by Moody and BBB – by Standard and Poors.)

Dividends have been reduced or eliminated or scheduled interest payments have not been made.

The underwater security has longer than 10 years to maturity and the loss position had existed for more than 3 years.

Management does not possess both the intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value.

If the impairment is judged to be other than temporary, the cost basis of the individual security shall be written down to fair value, thereby establishing a new cost basis. The new cost basis shall not be changed for subsequent recoveries in fair value. The amount of the write down shall be included in current earnings as a realized loss. The recovery in fair value, if any, shall be recognized in earnings when the security is sold. The table below is presented by category of security and length of time in a continuous loss position. The Bank currently does not hold any securities with other than temporary impairment.

Information pertaining to securities with gross unrealized losses at December 31, 2020 and 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

	2020
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized		Fair
	Losses			Value		Losses		Value
U.S. Treasury	$	-		$	-	$	-	$	-
U.S. Government agencies		(130	)		48,331		-		-
Mortgage-backed securities		-			-		-		-
State and local governments		(10	)		3,562		-		-
Total available-for-sales securities	$	(140	)	$	51,893	$	-	$	-

	2019
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	-		$	-	$	(12	)	$	5,030
U.S. Government agencies		(16	)		10,549		(5	)		10,745
Mortgage-backed securities		(102	)		27,696		(125	)		11,332
State and local governments		(120	)		16,845		-			-
Total available-for-sales securities	$	(238	)	$	55,090	$	(142	)	$	27,107

Unrealized losses on securities have not been recognized into income because the issuers’ bonds are of high credit quality, values have only been impacted by rate changes, and the Company has the intent and ability to hold the securities for the foreseeable future. The fair value is expected to recover as the bonds approach the maturity date.

Sales of $11.8, $11.1, and $10.1 million for 2020, 2019, and 2018 respectively, generated gross realized gains and losses for the years ended December 31, as presented below:

	(In Thousands)
	2020		2019			2018
Gross realized gains	$	270	$	16		$	51
Gross realized losses		-		(42	)		(60	)
Net realized gains (losses)	$	270	$	(26	)	$	(9	)
Tax expense (benefit) related to net realized gains (losses)	$	57	$	(5	)	$	(2	)

The net realized gain (loss) on sales and related tax expense (benefit) is a reclassification out of accumulated other comprehensive income (loss). The net realized gain (loss) is included in net gain (loss) on sale of securities available-for-sale and the related tax expense (benefit) is included in income taxes in the consolidated statements of income.

The amortized cost and fair value of debt securities at December 31, 2020, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	(In Thousands)
	Amortized
	Cost		Fair Value
One year or less	$	1,044	$	1,054
After one year through five years		63,793		65,323
After five years through ten years		123,275		126,630
After ten years		1,662		1,749
Total	$	189,774	$	194,756
Mortgage-backed securities		110,828		113,056
Total	$	300,602	$	307,812

Investments with a carrying value and fair value of $83.2 million at December 31, 2020 and $88.8 million at December 31, 2019 were pledged to secure public deposits and securities sold under repurchase agreements.

Loans

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Loans

Note 4 - Loans

The Company had $7.7 million in loans held for sale at December 31, 2020 as compared to $4.2 million in loans held for sale at December 31, 2019.

Loans at December 31 are summarized below:

	(In Thousands)
Loans:	2020			2019
Consumer Real Estate	$	175,588		$	165,349
Agricultural Real Estate		189,159			199,105
Agricultural		94,358			111,820
Commercial Real Estate		588,825			551,309
Commercial and Industrial		189,246			135,631
Consumer		52,540			49,237
Other		15,757			8,314
	$	1,305,473		$	1,220,765
Less: Net deferred loan fees and costs		(2,483	)		(1,766	)
		1,302,990			1,218,999
Less: Allowance for loan losses		(13,672	)		(7,228	)
Loans - Net	$	1,289,318		$	1,211,771

Following are the characteristics and underwriting criteria for each major type of loan the Bank offers:

Consumer Real Estate: Purchase, refinance, or equity financing of one to four family owner occupied dwelling. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others.

Agricultural Real Estate: Purchase of farm real estate or for permanent improvements to the farm real estate. Cash flow from the farm operation is the repayment source and is therefore subject to the financial success of the farm operation.

Agricultural: Loans for the production and housing of crops, fruits, vegetables, and livestock or to fund the purchase or re-finance of capital assets such as machinery and equipment and livestock. The production of crops and livestock is especially vulnerable to commodity prices and weather. The vulnerability to commodity prices is offset by the farmer’s ability to hedge their position by the use of the future contracts. The risk related to weather is often mitigated by requiring crop insurance.

Commercial Real Estate: Construction, purchase, and refinance of business purpose real estate. Risks include potential construction delays and overruns, vacancies, collateral value subject to market value fluctuations, interest rate, market demands, borrower’s ability to repay in orderly fashion, and others. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer’s ability to repay in a changing rate environment before granting loan approval.

Commercial and Industrial: Loans to proprietorships, partnerships, or corporations to provide temporary working capital and seasonal loans as well as long term loans for capital asset acquisition. Risks include adequacy of cash flow, reasonableness of projections, financial leverage, economic trends, management ability and estimated capital expenditures during the fiscal year. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer's ability to repay in a changing rate environment before granting loan approval. Included in commercial loans for 2020 are $36.2 million of Paycheck Protection Program (PPP) loans, administered by the Small Business Administration (SBA). The PPP provides loans to eligible business through financial institutions like the Bank, with loans being eligible for forgiveness of some or all of the principal amount by the SBA if the borrower meets certain requirements. The SBA guarantees repayment of the loans to the Bank if the borrower’s loan is not forgiven and is then not repaid by the customer. Therefore, there is no allowance for loan losses related to these loans.

Consumer: Funding for individual and family purposes. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others.

Other: Primarily funds public improvements in the Bank’s service area. Repayment ability is based on the continuance of the taxation revenue as the source of repayment.

The following is a maturity schedule by major category of loans excluding fair value adjustments at December 31, 2020:

	(In Thousands)
			After One
	Within		Year Within		After
	One Year		Five Years		Five Years		Total
Consumer Real Estate	$	5,810	$	31,538	$	138,295	$	175,643
Agricultural Real Estate		5,612		4,045		180,123		189,780
Agricultural		53,083		27,835		13,443		94,361
Commercial Real Estate		21,532		307,834		259,571		588,937
Commercial and Industrial		61,416		109,373		18,642		189,431
Consumer		1,520		38,099		12,900		52,519
Other		2,223		134		13,397		15,754
	$	151,196	$	518,858	$	636,371	$	1,306,425

The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of December 31, 2020:

	(In Thousands)
	Fixed		Variable
	Rate		Rate
Consumer Real Estate	$	128,948	$	46,640
Agricultural Real Estate		102,993		86,166
Agricultural		81,089		13,269
Commercial Real Estate		456,997		131,828
Commercial and Industrial		163,688		25,558
Consumer		48,558		3,982
Other		15,705		52

Other loans are included in the commercial and industrial category for the remainder of the tables in this Note 4, unless specifically noted separately.

The following table represents the contractual aging of the recorded investment in past due loans by portfolio classification of loans as of December 31, 2020 and 2019, net of deferred loan fees and costs:

December 31, 2020	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Consumer Real Estate	$	269	$	191	$	1,032	$	1,492	$	173,824	$	175,316	$	-
Agricultural Real Estate		-		-		88		88		188,738		188,826		-
Agricultural		-		-		176		176		94,314		94,490		-
Commercial Real Estate		-		-		185		185		587,469		587,654		-
Commercial and Industrial		-		750		983		1,733		202,310		204,043		-
Consumer		53		-		-		53		52,608		52,661		-
Total	$	322	$	941	$	2,464	$	3,727	$	1,299,263	$	1,302,990	$	-

December 31, 2019	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Consumer Real Estate	$	355	$	70	$	-	$	425	$	164,266	$	164,691	$	-
Agricultural Real Estate		-		107		-		107		198,752		198,859		-
Agricultural		78		7		-		85		111,864		111,949		-
Commercial Real Estate		-		-		-		-		550,082		550,082		-
Commercial and Industrial		201		267		-		468		143,541		144,009		-
Consumer		54		-		-		54		49,355		49,409		-
Total	$	688	$	451	$	-	$	1,139	$	1,217,860	$	1,218,999	$	-

The following table presents the recorded investment in nonaccrual loans by portfolio class of loans as of December 31, 2020 and December 31, 2019:

	(In Thousands)
	2020		2019
Consumer Real Estate	$	1,546	$	1,209
Agricultural Real Estate		5,575		88
Agriculture		307		1,769
Commercial Real Estate		665		37
Commercial and Industrial		1,296		288
Consumer		15		9
Total	$	9,404	$	3,400

The Bank uses a nine tier risk rating system to grade its loans. The grade of a loan may change during the life of the loan.

The risk ratings are described as follows.

Zero (0) Unclassified. Any loan which has not been assigned a classification.

One (1) Excellent. Credit to premier customers having the highest credit rating based on an extremely strong financial condition, which compares favorably with industry standards (upper quartile of RMA ratios). Financial statements indicate a sound earnings and financial ratio trend for several years with satisfactory profit margins and excellent liquidity exhibited. Prime credits may also be borrowers with loans fully secured by highly liquid collateral such as traded stocks, bonds, certificates of deposit, savings account, etc. No credit or collateral exceptions exist, and the loan adheres to The Bank's loan policy in every respect. Financing alternatives would be readily available and would qualify for unsecured credit. This rate is summarized by high liquidity, minimum risk, strong ratios, and low handling costs.

Two (2) Good. Desirable loans of somewhat less stature than rate 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets and a history of profitability. Probability of serious financial deterioration is unlikely. Possessing a sound repayment source (and a secondary source), which would allow repayment in a reasonable period of time. Individual loans backed by liquid personal assets, established history and unquestionable character.

Three (3) Satisfactory. Satisfactory loans of average or slightly above average risk – having some deficiency or vulnerability to changing economic conditions, but still fully collectible. Projects should normally demonstrate acceptable debt service coverage. There may be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment.

Loans may be rated 3 when there is no recent information on which to base a current risk evaluation and the following conditions apply:

At inception, the loan was properly underwritten and did not possess an unwarranted level of credit risk;

At inception, the loan was secured with collateral possessing a loan-to-value adequate to protect The Bank from loss;

The loan exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance;

During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the business is in an industry which is known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk rating is warranted.

Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk rating may be established for a loan considered satisfactory but which is of average credit risk due to financial weakness or uncertainty. The loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in Satisfactory/Monitored classification is considered acceptable and within normal underwriting guidelines, so long as the loan is given management supervision.

Five (5) Special Mention. Loans that possess some credit deficiency or potential weakness which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. The key distinctions of a 5 (Special Mention) classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential” versus “defined” impairments to the primary source of loan repayment and collateral.

Six (6) Substandard. One or more of the following characteristics may be exhibited in loans classified substandard:

Loans which possess a defined credit weakness and the likelihood that a loan will be paid from the primary source are uncertain. Financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss.

Loans are inadequately protected by the current net worth and paying capacity of the borrower.

The primary source of repayment is weakened, and The Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees.

Loans are characterized by the distinct possibility that The Bank will sustain some loss if deficiencies are not corrected.

Unusual courses of action are needed to maintain a high probability of repayment.

The borrower is not generating enough cash flow to repay loan principal; however, continues to make interest payments.

The lender is forced into a subordinate position or unsecured collateral position due to flaws in documentation.

Loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms.

The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan

There is significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions.

Seven (7) Doubtful. One or more of the following characteristics may be exhibited in loans classified Doubtful:

Loans have all of the weaknesses of those classified as Substandard. Additionally, however, these weaknesses make collection or liquidation in full based on existing conditions improbable.

The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment.

The possibility of loss is high, but, because of certain important pending factors which may strengthen the loan, loss classification is deferred until its exact status is known. A Doubtful classification is established deferring the realization of the loss.

Eight (8) Loss. Loans are considered uncollectable and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future.

The following table represents the risk category of loans by portfolio class, net of deferred fees, based on the most recent analysis performed as of the time periods shown of December 31, 2020 and December 31, 2019.

	(In Thousands)
	Agricultural Real Estate				Agricultural				Commercial Real Estate				Commercial and Industrial				Other
	2020		2019		2020		2019		2020		2019		2020		2019		2020		2019
1-2	$	11,960	$	14,655	$	5,093	$	4,093	$	11,001	$	7,860	$	38,486	$	3,844	$	-	$	-
3		38,306		33,951		23,779		36,913		165,201		131,780		26,515		19,790		4,651		3,168
4		112,465		116,834		63,480		65,414		396,076		401,404		114,108		103,527		11,106		5,146
5		7,478		14,836		1,577		2,300		4,010		3,699		3,266		2,465		-		-
6		18,617		18,583		561		3,229		11,366		5,339		4,796		4,983		-		-
7		-		-		-		-		-		-		1,115		1,086		-		-
8		-		-		-		-		-		-		-		-		-		-
Total	$	188,826	$	198,859	$	94,490	$	111,949	$	587,654	$	550,082	$	188,286	$	135,695	$	15,757	$	8,314

For consumer residential real estate, the Company also evaluates credit quality based on the aging status of the loan, which was previously stated, and by payment activity. The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of December 31, 2020 and December 31, 2019.

	(In Thousands)
	Consumer Real Estate
	2020		2019
Grade
Pass	$	171,667	$	160,930
Special mention (5)		1,284		415
Substandard (6)		2,365		3,346
Doubtful (7)		-		-
Total	$	175,316	$	164,691

	(In Thousands)
	Consumer - Credit Card				Consumer - Other
	2020		2019		2020		2019
Performing	$	3,660	$	4,076	$	48,855	$	44,831
Nonperforming		10		15		136		487
Total	$	3,670	$	4,091	$	48,991	$	45,318

Information about impaired loans as of and for the years ended December 31, 2020 and 2019 are as follows:

	(In Thousands)
	2020		2019
Impaired loans without a valuation allowance	$	5,172	$	2,420
Impaired loans with a valuation allowance		9,360		641
Total impaired loans	$	14,532	$	3,061
Valuation allowance related to impaired loans	$	1,657	$	197
Total non-accrual loans	$	9,404	$	3,400
Total loans past-due ninety days or more and still accruing	$	-	$	-

	(In Thousands)
	2020		2019		2018
Average investment in impaired loans	$	10,234	$	2,649	$	1,958
Interest income recognized on impaired loans	$	269	$	118	$	69
Interest income recognized on a cash basis on impaired loans	$	135	$	9	$	17

Additional funds of $750 thousand are committed to be advanced in connection with impaired loans.

The Bank had approximately $6.0 million and $956 thousand of its impaired loans classified as troubled debt restructured as of December 31, 2020 and December 31, 2019.

[Remainder of this page intentionally left blank.]

Modification programs focused on payment pattern changes and/or modified maturity dates with most receiving a combination of the two concessions. The modifications did not result in the contractual forgiveness of principal. In 2020, two of the loans resulted in payment changes from a monthly payment to principal and interest at maturity. Four loans had rate concessions. All interest was paid current at the time of the modifications. One of the 2020 loans was paid off in May 2020. In 2019, four of the loans resulted in payment changes to interest only for an extended period of time and one loan had a lowering of payment to match an extended maturity. Consequently, the financial impact of the modifications was immaterial. The following table represents the years ended December 31, 2020 and 2019.

December 31, 2020							December 31, 2019
			(In thousands)							(In thousands)
Troubled Debt Restructurings	Number of Contracts Modified in the Last 12 Months		Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Troubled Debt Restructurings	Number of Contracts Modified in the Last 12 Months		Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Consumer Real Estate		-	$	-	$	-	Consumer Real Estate		1	$	74	$	74
Agricultural Real Estate		2		5,380		5,380	Agricultural Real Estate		-		-		-
Agricultural		1		164		164	Agricultural		-		-		-
Commercial Real Estate		2		981		981	Commercial Real Estate		-		-		-
Commercial and Industrial		1		50		50	Commercial and Industrial		4		812		812

For the years ended December 31, 2020 and 2019, there were no TDR’s that subsequently defaulted after modification.

For the Bank’s impaired TDR loans, the Bank may utilize a measurement incorporating the present value of expected future cash flows discounted at the loan's effective rate of interest or the fair value of collateral if the loan is collateral dependent. To determine the fair value of collateral, collateral asset values securing an impaired loan are periodically evaluated. Maximum time of re-evaluation is every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations are obtained and heavily relied upon. Until such time that updated appraisals are received, the Bank may discount the collateral value used.

The Bank uses the following guidelines as stated in policy to determine when to realize a charge-off, whether a partial or full loan balance. A charge down in whole or in part is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 120 days delinquent, secured consumer loans are charged down to the value of the collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. Commercial and agricultural credits are charged down at 120 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-off may be realized as further unsecured positions are recognized.

The following tables present loans individually evaluated for impairment by portfolio class of loans as of December 31, 2020 and 2019:

	(In Thousands)
2020	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized Cash Basis
With no related allowance recorded:
Consumer Real Estate	$	799	$	799	$	-	$	738	$	22	$	10
Agricultural Real Estate		1,546		1,549		-		729		18		12
Agricultural		291		291		-		392		3		3
Commercial Real Estate		185		185		-		195		13		-
Commercial and Industrial		2,328		2,328		-		1,222		26		5
Consumer		23		23		-		16		-		-
With a specific allowance recorded:
Consumer Real Estate		202		202		31		126		-		3
Agricultural Real Estate		5,210		5,210		600		3,175		6		102
Agricultural		176		176		116		188		-		-
Commercial Real Estate		2,765		2,765		20		2,524		128		-
Commercial and Industrial		1,007		1,007		890		916		52		-
Consumer		-		-		-		11		1		-
Totals:
Consumer Real Estate	$	1,001	$	1,001	$	31	$	864	$	22	$	13
Agricultural Real Estate	$	6,756	$	6,759	$	600	$	3,904	$	24	$	114
Agricultural	$	467	$	467	$	116	$	580	$	3	$	3
Commercial Real Estate	$	2,950	$	2,950	$	20	$	2,719	$	141	$	-
Commercial and Industrial	$	3,335	$	3,335	$	890	$	2,138	$	78	$	5
Consumer	$	23	$	23	$	-	$	27	$	1	$	-

	(In Thousands)
2019	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized Cash Basis
With no related allowance recorded:
Consumer Real Estate	$	648	$	648	$	-	$	626	$	32	$	9
Agricultural Real Estate		-		-		-		204		-		-
Agricultural		491		491		-		124		-		-
Commercial Real Estate		299		299		-		238		19		-
Commercial and Industrial		982		982		-		637		66		-
Consumer		-		-		-		-		-		-
With a specific allowance recorded:
Consumer Real Estate		181		184		30		211		-		-
Agricultural Real Estate		-		-		-		22		1		-
Agricultural		200		200		21		29		-		-
Commercial Real Estate		-		-		-		-		-		-
Commercial and Industrial		227		377		142		555		-		-
Consumer		33		33		4		3		-		-
Totals:
Consumer Real Estate	$	829	$	832	$	30	$	837	$	32	$	9
Agricultural Real Estate	$	-	$	-	$	-	$	226	$	1	$	-
Agricultural	$	691	$	691	$	21	$	153	$	-	$	-
Commercial Real Estate	$	299	$	299	$	-	$	238	$	19	$	-
Commercial and Industrial	$	1,209	$	1,359	$	142	$	1,192	$	66	$	-
Consumer	$	33	$	33	$	4	$	3	$	-	$	-

As of December 31, 2020 the Company had $71 thousand of foreclosed residential real estate property obtained by physical possession and $910 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions. This compares to the Company having $50 thousand of foreclosed residential real estate property obtained by physical possession and $383 thousand of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions as of December 31, 2019.

The ALLL has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense. The following tables summarize the activities in the allowance for credit losses.

The following is an analysis of the allowance for credit losses for the years ended December 31:

	(In Thousands)
	2020			2019			2018
Allowance for Loan Losses
Balance at beginning of year	$	7,228		$	6,775		$	6,868
Provision for loan loss		6,981			1,138			324
Loans charged off		(720	)		(841	)		(580	)
Recoveries		183			156			163
Balance at ending of year	$	13,672		$	7,228		$	6,775
Allowance for Unfunded Loan Commitments & Letters of Credit	$	641		$	479		$	274
Total Allowance for Credit Losses	$	14,313		$	7,707		$	7,049

The Company segregates its Allowance for Loan and Lease Losses (ALLL) into two reserves: The ALLL and the Allowance for Unfunded Loan Commitments and Letters of Credit (AULC). When combined, these reserves constitute the total Allowance for Credit Losses (ACL).

The AULC is reported within other liabilities on the balance sheet while the ALLL is netted within the loans on the consolidated balance sheet. The ACL presented above represents the full amount of reserves available to absorb possible credit losses.

The following table breaks down the activity within ALLL for each loan portfolio segment and shows the contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs.

[Remainder of this page intentionally left blank.]

Additional analysis related to the allowance for credit losses as of December 31, 2020 and 2019 is as follows:

	(In Thousands)
2020	Consumer Real Estate			Agricultural Real Estate		Agricultural		Commercial Real Estate			Commercial and Industrial			Consumer			Unfunded Loan Commitment & Letters of Credit		Unallocated		Total
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$	311		$	314	$	691	$	3,634		$	1,727		$	551		$	479	$	-	$	7,707
Charge Offs		(35	)		-		-		(8	)		(297	)		(380	)		-		-		(720	)
Recoveries		9			-		-		10			24			140			-		-		183
Provision		348			644		10		3,779			1,892			295			-		13		6,981
Other Non-interest expense related to unfunded		-			-		-		-			-			-			162		-		162
Ending Balance	$	633		$	958	$	701	$	7,415		$	3,346		$	606		$	641	$	13	$	14,313
Ending balance: individually evaluated for impairment	$	31		$	600	$	116	$	20		$	890		$	-		$	-	$	-	$	1,657
Ending balance: collectively evaluated for impairment	$	602		$	358	$	585	$	7,395		$	2,456		$	606		$	641	$	13	$	12,656
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-	$	-		$	-		$	-		$	-	$	-	$	-
FINANCING RECEIVABLES:
Ending balance	$	175,316		$	188,826	$	94,490	$	587,654		$	204,043		$	52,661		$	-	$	-	$	1,302,990
Ending balance: individually evaluated for impairment	$	1,001		$	6,756	$	467	$	2,950		$	3,335		$	23		$	-	$	-	$	14,532
Ending balance: collectively evaluated for impairment	$	174,273		$	182,070	$	94,023	$	584,704		$	200,602		$	52,638		$	-	$	-	$	1,288,310
Ending balance: loans acquired with deteriorated credit quality	$	42		$	-	$	-	$	-		$	106		$	-		$	-	$	-	$	148

	(In Thousands)
2019	Consumer Real Estate			Agricultural Real Estate		Agricultural			Commercial Real Estate		Commercial and Industrial			Consumer			Unfunded Loan Commitment & Letters of Credit		Unallocated			Total
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$	247		$	250	$	768		$	3,217	$	1,305		$	484		$	274	$	504		$	7,049
Charge Offs		(98	)		-		(37	)		-		(215	)		(491	)		-		-			(841	)
Recoveries		-			-		3			11		22			120			-		-			156
Provision (Credit)		162			64		(43	)		406		615			438			-		(504	)		1,138
Other Non-interest expense related to unfunded		-			-		-			-		-			-			205		-			205
Ending Balance	$	311		$	314	$	691		$	3,634	$	1,727		$	551		$	479	$	-		$	7,707
Ending balance: individually evaluated for impairment	$	30		$	-	$	21		$	-	$	142		$	4		$	-	$	-		$	197
Ending balance: collectively evaluated for impairment	$	281		$	314	$	670		$	3,634	$	1,585		$	547		$	479	$	-		$	7,510
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-		$	-	$	-		$	-		$	-	$	-		$	-
FINANCING RECEIVABLES:
Ending balance	$	164,691		$	198,859	$	111,949		$	550,082	$	144,009		$	49,409		$	-	$	-		$	1,218,999
Ending balance: individually evaluated for impairment	$	829		$	-	$	691		$	299	$	1,209		$	33		$	-	$	-		$	3,061
Ending balance: collectively evaluated for impairment	$	163,816		$	198,859	$	111,258		$	549,783	$	142,694		$	49,376		$	-	$	-		$	1,215,786
Ending balance: loans acquired with deteriorated credit quality	$	46		$	-	$	-		$	-	$	106		$	-		$	-	$	-		$	152

Premises and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Premises and Equipment

Note 5 – Premises and Equipment

The major categories of banking premises and equipment and accumulated depreciation at December 31 are summarized below:

	(In Thousands)
	2020			2019
Land	$	6,951		$	6,951
Buildings (useful life 15-39 years)		30,124			28,845
Furnishings (useful life 3-15 years)		20,947			22,045
		58,022			57,841
Less: Accumulated depreciation		(30,959	)		(31,558	)
Premises and Equipment (Net)	$	27,063		$	26,283

Depreciation expense for the years ended December 31, 2020, 2019, and 2018 amounted to $2.5, $2.3, and $1.7 million, respectively.

Construction in progress was zero as of December 31, 2020. At the end of 2019, construction in progress was $68 thousand for a new Fort Wayne Indiana branch to be opened in 2021.

Servicing

12 Months Ended

Dec. 31, 2020

Transfers And Servicing [Abstract]

Servicing

Note 6 - Servicing

Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of loans serviced for others were $377.5 and $303.9 million at December 31, 2020 and 2019, respectively.

The balance of capitalized servicing rights included in other assets at December 31, 2020 and 2019, was $3.3 and $2.6 million, respectively. The capitalized addition of servicing rights is included in net gain on sale of loans on the consolidated statement of income.

The fair market value of the capitalized servicing rights as of December 31, 2020 and 2019 was $3.5 million and $2.9 million, respectively. The valuations were completed by stratifying the loans into like groups based on loan type and term. Impairment was measured by estimating the fair value of each stratum, taking into consideration an estimated level of prepayment based upon current market conditions. An average constant prepayment rate of 24.1% and 14.1% were utilized for 2020 and 2019, respectively. All stratums showed positive values compared to carrying value using a discount yield of 2.38% for 2020 and 5.42% for 2019.

The following summarizes mortgage servicing rights capitalized and amortized during each year:

	(In Thousands)
	2020			2019
Beginning of Year	$	2,629		$	2,385
Capitalized Additions		1,722			731
Amortization		(1,031	)		(487	)
Valuation Allowance		-			-
End of Year	$	3,320		$	2,629

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (cc)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122596-111746

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(5)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4D
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 7
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(ii)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-URI http://asc.fasb.org/topic&trid=2197590

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (a)(7)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)(5)(ii)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122596-111746

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122596-111746

+ Details

Deposits

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Deposits

Note 7 - Deposits

Time deposits as of December 31 consist of the following:

	(In Thousands)
	2020		2019
Time deposits under $250,000	$	215,515	$	237,520
Time deposits of $250,000 or more		32,038		39,043
	$	247,553	$	276,563

At December 31, 2020 the scheduled maturities for time deposits are as follows:

	(In Thousands)
2021	$	131,867
2022		72,542
2023		20,430
2024		8,292
2025		13,942
Thereafter		480
	$	247,553

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase

12 Months Ended

Dec. 31, 2020

Brokers And Dealers [Abstract]

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase

Note 8 – Federal Funds Purchased and Securities Sold Under Agreement to Repurchase

The Bank’s policy requires qualifying securities to be used as collateral for the underlying repurchase agreements. As of December 31, 2020 and 2019, securities with a market value of $34.0 million and $40.2 million, respectively, were pledged to secure the repurchase agreements. The table below presents the daily securities sold under agreement to repurchase and the term repurchase agreements. It does not include the Bank’s federal funds purchased.

	Daily Securities Sold Under Agreement to Repurchase

	Amount		Weighted			Maximum Amount		Approximate		Approximate
	Outstanding		Average			Borrowings		Average		Weighted Average
	at End		Rate End			Outstanding		Outstanding in		Interest Rate
	of Period (000's)		of Period			Month End (000's)		Period (000's)		For the Period
2020	$	1,899		1.08	%	$	2,568	$	1,765		1.00	%
2019	$	1,814		1.08	%	$	1,864	$	1,302		0.65	%

	Term CD's Sold Under Agreement to Repurchase

	Amount		Weighted			Maximum Amount		Approximate		Approximate
	Outstanding		Average			Borrowings		Average		Weighted Average
	at End		Rate End			Outstanding		Outstanding in		Interest Rate
	of Period (000's)		of Period			Month End (000's)		Period (000's)		For the Period
2020	$	28,340		1.00	%	$	29,261	$	28,379		2.52	%
2019	$	28,416		1.39	%	$	28,416	$	26,421		2.33	%

The Company had no federal funds purchased as of December 31, 2020 and $17.8 million of Federal Funds Purchased as of December 31, 2019. The $30.2 million in Securities Sold Under Agreements to Repurchase were comprised of U.S. Treasuries and government agency securities. The table below shows the remaining contractual maturity in the repurchase agreements and the collateral pledged as of December 31, 2020.

	December 31, 2020
	Remaining Contractual Maturity of the Agreements
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Repurchase agreements
US Treasury & agency securities		1,899		-		3,900		24,440		30,239
Total	$	1,899	$	-	$	3,900	$	24,440	$	30,239

Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2020

Federal Home Loan Banks [Abstract]

Federal Home Loan Bank Advances

Note 9 - Federal Home Loan Bank Advances

Long term debt consists of various loans from the Federal Home Loan Bank. Repayment structures vary, ranging from monthly installments, annual payments or upon maturity. Interest payments are due monthly. Total borrowings were $18.0 million excluding $164 thousand for fair value related to the acquisition for December 31, 2020 compared to $25.5 million excluding $0.7 thousand for fair value for December 31, 2019. The advances were secured by a pledge of $38.0 and $42.1 million of mortgage loans as of December 31, 2020 and 2019, respectively under a blanket collateral agreement.

The advances are subject to pre-payment penalties and the provisions and conditions of the credit policy of the Federal Home Loan Bank.

The Bank had access to $148.1 million unsecured borrowings through correspondent banks as of both December 31, 2020 and December 31, 2019. The Bank had unpledged securities, which could be sold or used as collateral, of $206.7 million and $116.3 million at the end of the same time periods, respectively. An additional $7.4 million at December 31, 2020, and $1.6 million at December 31, 2019, were available from the Federal Home Loan Bank based on current pledging. The table below shows the maturities of the borrowings exclusive of the fair value.

	(In Thousands)
2021	$	-
2022		1,546
2023		1,500
2024		11,500
2025		1,500
Thereafter		1,980
Total	$	18,026

Income Taxes

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Note 10 – Income Taxes

The components of income tax expense (benefit) for the years ended December 31 are as follows:

	(In Thousands)
	2020			2019		2018
Current:
Federal	$	6,289		$	4,005	$	2,755
State		513			63		75
Total current		6,802			4,068		2,830
Deferred:
Federal		(1,596	)		227		472
State		(95	)		65		(1	)
Total deferred		(1,691	)		292		471
Total Income Tax	$	5,111		$	4,360	$	3,301

The following is a reconciliation of the statutory federal income tax rate to the effective tax rate:

	(In Thousands)
	2020			2019			2018
Federal income tax at statutory rates	$	5,294		$	4,780		$	3,832
(Decrease) increase resulting from:
State income tax, net of federal benefit		330			101			59
Tax exempt interest		(146	)		(170	)		(220	)
Section 831 deduction		(266	)		(268	)		(236	)
Other		(101	)		(83	)		(134	)
Total Income Tax	$	5,111		$	4,360		$	3,301

Deferred tax assets and liabilities at December 31 are comprised of the following:

	(In Thousands)
	2020			2019
Deferred Tax Assets:
Allowance for loan losses	$	3,128		$	1,719
Deferred compensation		537			472
Net unrealized loss on available-for-sale securities		-			292
Other		142			32
Total deferred tax assets		3,807			2,515
Deferred Tax Liabilities:
Accreted discounts on bonds		4			43
Depreciation		878			754
FHLB stock dividends		481			491
Intangible amortization		1,144			1,218
Mortgage servicing rights		725			586
Net unrealized gain on available-for-sale securities		1,514			-
Prepaids		525			542
Other		5			235
Total deferred tax liabilities		5,276			3,869
Net Deferred Tax Asset (Liability)	$	(1,469	)	$	(1,354	)

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Employee Benefit Plans

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

Note 11 - Employee Benefit Plans

The Bank has established a 401(k) profit sharing plan, which allows eligible employees to save at a minimum one percent of eligible compensation on a pre-tax basis, subject to certain Internal Revenue Service limitations. The Bank will match 50% of employee 401(k) contributions up to four percent of total eligible compensation. In addition, the Bank may make a discretionary contribution from time to time. A participant is 100% vested in the participant’s deferral contributions and employer matching contributions. A six-year vesting schedule applies to employer discretionary contributions. Contributions expensed for the 401(k) profit sharing plan for both the employer matching contribution and the discretionary contribution were $1.0 million, $1.2 million and $1.1 million for 2020, 2019 and 2018, respectively.

Restricted Stock Awards

The Company has a Long-Term Stock Incentive Plan under which 37,382 shares of the Company’s restricted stock were issued to 92 employees during 2020, 38,100 shares of restricted stock were issued to 94 employees during 2019 and 33,000 shares of restricted stock were issued to 80 employees during 2018. Under the plan, the shares generally vest 100% in three years. During the 3 year vesting period, the employees receive dividends or dividend equivalent compensation on the shares. Due to employee termination, there were 2,175, 3,220, and 2,620 shares forfeited during 2020, 2019 and 2018, respectively. During 2020, eight employees retired and received 10,890 shares from the shares awarded in 2017, 2018, 2019 and 2020. During 2019, due to retirement, three employees received 14,300 shares from awards granted in 2016, 2017 and 2018. During 2020, 21,340 shares awarded in 2017 were 100% vested and 53 employees received the stock. One employee received accelerated vesting of 1,050 shares awarded in 2019, 2018 and 2017. Also during 2020, 1,600 shares awarded in 2019 were 100% vested and three employees received the stock. One employee received immediate vesting of 551 shares of stock. During 2019, 26,070 shares awarded in 2016 were vested 100% and 63 employees received the stock. During 2018, 28,790 shares awarded in 2015 were vested 100% and 56 employees received the stock. Compensation expense applicable to the restricted stock awards totaled $1.0 million, $1.1 million and $745 thousand for the years ending December 31, 2020, 2019 and 2018, respectively.

The table below summarizes the details of the restricted shares issued, vested, and forfeited for the years ending December 31, 2020, 2019 and 2018.

	Year Ended December 31,
	2020				2019				2018
	Number of Shares		Number of Employees		Number of Shares		Number of Employees		Number of Shares		Number of Employees
Restricted shares issued		37,382		92		38,100		94		33,000		80
Restricted shares vested		23,491		57		26,070		63		28,790		56
Restricted shares awarded due to retirement		10,890		8		14,300		3		-		-
Restricted shares awarded for other		1,050		1		-		-		-		-
Restricted shares forfeited		2,175		5		3,220		4		2,620		5

The following table summarizes the activity of restricted stock awards as of December 31:

	Year Ended December 31,
	2020					2019					2018
	Number of Shares			Weighted average fair value per award		Number of Shares			Weighted average fair value per award		Number of Shares			Weighted average fair value per award
Beginning of period		88,450		$	31.52		93,940		$	29.87		92,350		$	19.17
Granted		37,382			21.80		38,100			25.14		33,000			44.63
Vested		(35,431	)		29.27		(40,370	)		21.76		(28,790	)		13.18
Forfeited		(2,175	)		21.92		(3,220	)		30.12		(2,620	)		44.04
Nonvested, end of period		88,226		$	28.40		88,450		$	31.52		93,940		$	29.87

As of December 31, 2020, there was $1.3 million of unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan to be recognized over the next three years.

[Remainder of this page intentionally left blank.]

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 12 – Earnings Per Share

Basic earnings per share is calculated using the two-class method. The two-class method is an earnings allocation formula under which earnings per share is calculated from common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered participating securities (i.e. unvested restricted stock), not subject to performance based measures. Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Application of the two-class method for participating securities results in a more dilutive basic earnings per share as the participating securities are allocated the same amount of income as if they are outstanding for purposes of basic earnings per share. There is no additional potential dilution in calculating diluted earnings per share, therefore basic and diluted earnings per share are the same amounts. Other than the restricted stock plan, the Company has no other stock based compensation plans.

The Compensation Committee of the Company has determined that it is appropriate to award shares of the common stock of the Company to Outside Directors and Employees that are officers of the Company or the Bank who also serve as Directors of the Company and the Bank as a portion of their retainer for services rendered as Directors of the Company and the Bank. The Committee believes that it is appropriate to award the Directors Shares equal to approximately $4,000, rounded to the nearest whole Share on an annual basis commencing on June 5, 2020 and thereafter on the first Friday of June in each year. The value for the Shares is to be based upon the closing price for Shares on June 4, 2020 and thereafter on the first Thursday in June each year. On June 5, 2020, each Director received 176 shares. On November 20, 2020, a new director received 20 prorated shares.

The table below presents basic and diluted earnings per share for the years ended December 31, 2020, 2019, and 2018.

	Year Ended
	December 31,			December 31,			December 31,
	2020			2019			2018
Earnings per share
Net income	$	20,095		$	18,402		$	14,949
Less: distributed earnings allocated to participating securities		(57	)		(51	)		(52	)
Less: undistributed earnings allocated to participating securities		(96	)		(87	)		(98	)
Net earnings available to common shareholders	$	19,942		$	18,264		$	14,799
Weighted average common shares outstanding including participating securities		11,146,270			11,113,810			9,272,964
Less: average unvested restricted shares		(84,879	)		(83,369	)		(93,000	)
Weighted average common shares outstanding		11,061,391			11,030,441			9,179,964
Basic and diluted earnings per share	$	1.80		$	1.66		$	1.61

Related Party Transactions

12 Months Ended

Dec. 31, 2020

Related Party Transactions

Note 13 – Related Party Transactions

In the ordinary course of business, the Bank has granted loans to senior officers and directors and their affiliated companies amounting to $1.4 million and $1.3 million at December 31, 2020 and 2019, respectively. One new loan was approved during 2020 of which no additional borrowings were utilized. During 2020, subsequent advances totaled $9.4 million and payments of $9.3 million were received. The difference in related borrowings amounted to $124 thousand, net increase. Deposits of directors, executive officers and companies in which they have a direct or indirect ownership as of December 31, 2020 and 2019, amounted to $38.3 million and $33.7 million, respectively.

Off Balance Sheet Activities

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Off Balance Sheet Activities

Note 14 - Off Balance Sheet Activities

Credit Related Financial Instruments

The Bank is a party to credit related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing need of its customers. These financial instruments include commitments to extend credit, Standby Letters of Credit, and Commercial Letters of Credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets.

The Bank's exposure to credit loss is represented by the contractual amount of these commitments. The Bank follows the same credit policies in making commitments as it does for on-balance-sheet instruments. The allowance for credit losses as it relates to unfunded loan commitments (AULC) is included under other liabilities. The AULC as of December 31, 2020 and 2019 was $641 thousand and $479 thousand, respectively.

At December 31, 2020 and 2019, the following financial instruments were outstanding whose contract amounts represent credit risk:

	(In Thousands)
	2020		2019
Commitments to extend credit	$	456,299	$	394,437
Credit card arrangements		22,903		20,695
Standby letters of credit		2,021		1,345

Commitments to extend credit, credit card arrangements and Standby Letters of Credit all include exposure to some credit loss in the event of nonperformance of the customer. The Bank’s credit policies and procedures for credit commitments and financial guarantees are the same as those for extensions of credit that are recorded in the financial statements. Due to the fact that these instruments have fixed maturity dates, and because many of them expire without being drawn upon, they generally do not present any significant liquidity risk to the Bank.

Collateral Requirements

To reduce credit risk related to the use of credit-related financial instruments, the Bank might deem it necessary to obtain collateral. The amount and nature of the collateral obtained is based on the Bank's credit evaluation of the customer. Collateral held varies but may include cash, securities, accounts receivable, inventory, property, plant, and real estate.

Legal Contingencies

Various legal claims also arise from time to time in the normal course of business, which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Minimum Regulatory Capital Requirements

12 Months Ended

Dec. 31, 2020

Federal Home Loan Banks [Abstract]

Minimum Regulatory Capital Requirements

Note 15 - Minimum Regulatory Capital Requirements

The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off balance-sheet items as calculated under regulatory accounting practices.

The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies.

Quantitative measures established by the Basel III Capital Rules, the comprehensive capital framework for U.S. banking organizations, to ensure capital adequacy require the maintenance of minimum amounts and ratios

(set forth in the table below) of Common Equity Tier 1 capital, Tier 1 capital and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to adjusted quarterly average assets (as defined).

In connection with the adoption of the Basel III Capital Rules, we elected to opt-out of the requirement to include most components of accumulated other comprehensive income in Common Equity Tier 1.

Common Equity Tier 1 is reduced by goodwill and other intangible assets, net of associated deferred tax liabilities, and subject to transition provisions.

The Common Equity Tier 1, Tier 1 and Total capital ratios are calculated by dividing the respective capital amounts by risk-weighted assets. Risk-weighted assets are calculated based on regulatory requirements and include total assets, with certain exclusions, allocated by risk weight category, and certain off-balance-sheet items, among other things. The leverage ratio is calculated by dividing Tier 1 capital by adjusted quarterly average total assets, which exclude goodwill and other intangible assets, among other things.

The Basel III Capital Rules require the Bank to maintain (i) a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (which is added to the 4.5% Common Equity Tier 1 capital ratio, effectively resulting in a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 7.0%), (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the capital conservation buffer (which is added to the 6.0% Tier 1 capital ratio, effectively resulting in a minimum Tier 1 capital ratio of 8.5%), (iii) a minimum ratio of Total capital (that is, Tier 1 plus Tier 2) to risk-weighted assets of at least 8.0%, plus the capital conservation buffer (which is added to the 8.0% total capital ratio, effectively resulting in a minimum total capital ratio of 10.5%) and (iv) a minimum leverage ratio of 4.0%, calculated as the ratio of Tier 1 capital to average quarterly assets.

The capital conservation buffer is designed to absorb losses during periods of economic stress and, as detailed above, effectively increases the minimum required risk-weighted capital ratios. Banking institutions with a ratio of Common Equity Tier 1 capital to risk-weighted assets below the effective minimum (4.5% plus the capital conservation buffer) will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall.

Management believes, as of December 31, 2020, that the Bank meets all the capital adequacy requirements to which it is subject.

As of December 31, 2020, the most recent notification from the FDIC indicated the Bank was categorized as well capitalized under the regulatory framework for prompt corrective action. To remain categorized as well capitalized, the Bank will have to maintain minimum total risk-based, Tier I risk-based, Common Tier 1 and Tier I leverage ratios as disclosed in the table to follow. There are no conditions or events since the most recent notification that management believes have changed the Bank’s prompt corrective action category.

The following tables present actual and required capital ratios as of December 31, 2020 and December 31, 2019 under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of December 31, 2020 and December 31, 2019. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules.

The Bank’s actual and required capital amounts and ratios as of December 31, 2020 and December 31, 2019 are as follows:

	Actual					Minimum Capital Required					Required to be Considered Well-Capitalized
	(000's)					(000's)					(000's)
As of December 31, 2020	Amount		Ratio			Amount		Ratio			Amount		Ratio
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$	164,322		11.63	%	$	63,542		4.50	%	$	91,783		6.50	%
Total Risk-Based Capital (to Risk Weighted Assets)		178,635		12.64	%		113,032		8.00	%		141,290		10.00	%
Tier 1 Capital (to Risk Weighted Assets)		164,322		11.63	%		84,774		6.00	%		113,032		8.00	%
Tier 1 Leverage Capital (to Adjusted Total Assets)		164,322		9.08	%		72,419		4.00	%		90,524		5.00	%

	Actual					Minimum Capital Required					Required to be Considered Well-Capitalized
	(000's)					(000's)					(000's)
As of December 31, 2019	Amount		Ratio			Amount		Ratio			Amount		Ratio
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$	152,855		11.71	%	$	58,725		4.50	%	$	84,825		6.50	%
Total Risk-Based Capital (to Risk Weighted Assets)		160,562		12.30	%		104,400		8.00	%		130,500		10.00	%
Tier 1 Capital (to Risk Weighted Assets)		152,855		11.71	%		78,300		6.00	%		104,400		8.00	%
Tier 1 Leverage Capital (to Adjusted Total Assets)		152,855		10.02	%		61,050		4.00	%		76,312		5.00	%

The above tables exclude the capital conservation buffer requirements.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Restrictions of Dividends & Inter-company Borrowings

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Restrictions of Dividends & Inter-company Borrowings

Note 16 - Restrictions of Dividends & Inter-company Borrowings

The Bank is restricted as to the amount of dividends that can be paid. Dividends declared by the Bank that exceed the net income for the current year plus retained income for the preceding two years must be approved by federal and state regulatory agencies. Under this formula, dividends of $24.5 million may be paid without prior regulatory approval. Regardless of formal regulatory restrictions, the Bank may not pay dividends that would result in its capital levels being reduced below the minimum requirements shown above. Under current Federal Reserve regulations, the Bank is limited as to the amount and type of loans it may make to the Company. These loans are subject to qualifying collateral requirements on which the amount of the loan may be based.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Note 17 - Fair Value of Financial Instruments

Fair values of financial instruments are management’s estimate of the values at which the instruments could be exchanged in a transaction between willing parties. These estimates are subjective and may vary significantly from amounts that would be realized in actual transactions. In addition, other significant assets are not considered financial assets including deferred tax assets, premises, equipment and intangibles. Further, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of the estimates.

[Remainder of this page intentionally left blank.]

The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of December 31, 2020 and 2019, are reflected below. The aggregate fair values in the table below do not represent the total market value of the Bank’s assets and liabilities. The table excludes the following: Bank Premises and Equipment, Goodwill, Mortgage Servicing Rights, Other Real Estate Owned, Other Assets, Other Liabilities and Accrued Expenses.

	(In Thousands)
	December 31, 2020										December 31, 2019
	Carrying		Fair								Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3		Amount		Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	175,706	$	175,706	$	175,706	$	-	$	-	$	51,296	$	51,296	$	51,296	$	-	$	-
Interest-bearing time deposits		4,653		4,677		-		4,677		-		4,309		4,331		-		4,331		-
Securities - available-for-sale		307,812		307,812		-		306,250		1,562		222,293		222,293		10,021		210,782		1,490
Other securities		5,939		5,939		-		-		5,939		5,810		5,810		-		-		5,810
Loans held for sale		7,740		7,740		-		-		7,740		4,248		4,248		-		-		4,248
Loans, net		1,289,318		1,261,440		-		-		1,261,440		1,211,771		1,188,014		-		-		1,188,014
Interest receivable		6,188		6,188		-		-		6,188		6,769		6,769		-		-		6,769

Financial Liabilities:
Interest bearing deposits	$	997,462	$	1,004,608	$	-	$	-	$	1,004,608	$	746,628	$	746,628	$	-	$	-	$	746,628
Noninterest bearing deposits		351,147		351,147		-		351,147		-		265,156		265,156		-		265,156		-
Time deposits		247,553		250,135		-		-		250,135		276,563		277,008		-		-		277,008
Total Deposits		1,596,162		1,605,890		-		351,147		1,254,743		1,288,347		1,288,792		-		265,156		1,023,636
Fed funds purchased and securities sold under agreement to repurchase		30,239		30,239		-		-		30,239		48,073		48,073		-		-		48,073
Federal Home Loan Bank advances		17,861		17,872		-		-		17,872		24,806		24,811		-		-		24,811
Interest payable		338		338		-		-		338		754		754		-		-		754

Fair Value Measurements

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2020 and 2019, and the valuation techniques used by the Company to determine those fair values. There were no changes to valuation techniques during 2020.

In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities in active markets that the Company has the ability to access.

Available-for-sale securities - When quoted prices are available in an active market, securities are valued using the quoted price and are classified as Level 1. The quoted prices are not adjusted.

Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals.

Available-for-sale securities classified as Level 2 are valued using the prices obtained from an independent pricing service. The prices are not adjusted. Securities of obligations of state and political subdivisions are valued using a type of matrix, or grid, pricing in which securities are benchmarked against the treasury rate based on credit rating. Substantially all assumptions used by the independent pricing service are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace.

Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. The Bank holds two local municipals that the Bank evaluates based on the credit strength of the underlying project. The fair value is determined by valuing similar credit payment streams at similar rates.

In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset.

The following table summarizes financial assets measured at fair value on a recurring basis as of December 31, 2020 and December 31, 2019 segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value.

Assets and Liabilities Measured at Fair Value on a Recurring Basis (in Thousands)

	Quoted Prices in		Significant		Significant
	Active Markets		Observable		Observable
	for Identical		Inputs		Inputs
December 31, 2020	Assets (Level 1)		(Level 2)		(Level 3)
Assets-(Securities Available-for-Sale)
U.S. Treasury	$	-	$	-	$	-
U.S. Government agencies		-		124,241		-
Mortgage-backed securities		-		113,056		-
State and local governments		-		68,953		1,562
Total Securities Available-for-Sale	$	-	$	306,250	$	1,562

	Quoted Prices in		Significant		Significant
	Active Markets		Observable		Observable
	for Identical		Inputs		Inputs
December 31, 2019	Assets (Level 1)		(Level 2)		(Level 3)
Assets-(Securities Available-for-Sale)
U.S. Treasury	$	10,021	$	-	$	-
U.S. Government agencies		-		62,445		-
Mortgage-backed securities		-		95,197		-
State and local governments		-		53,140		1,490
Total Securities Available-for-Sale	$	10,021	$	210,782	$	1,490

	(In Thousands)
	Fair Value Measurements Using Significant
	Unobservable Inputs (Level 3)
	State and Local		State and Local		State and Local
	Governments		Governments		Governments
	Tax-Exempt		Taxable		Total
Balance at January 1, 2020	$	-	$	1,490	$	1,490
Change in Market Value		-		72		72
Purchases		-		-		-
Sales		-		-		-
Payments & Maturities		-		-		-
Balance at December 31, 2020	$	-	$	1,562	$	1,562

	(In Thousands)
	Fair Value Measurements Using Significant
	Unobservable Inputs (Level 3)
	State and Local		State and Local		State and Local
	Governments		Governments		Governments
	Tax-Exempt		Taxable		Total
Balance at January 1, 2019	$	-	$	1,427	$	1,427
Change in Market Value		-		63		63
Purchases		-		-		-
Sales		-		-		-
Payments & Maturities		-		-		-
Balance at December 31, 2019	$	-	$	1,490	$	1,490

Most of the Company’s available for sale securities, including any bonds issued by local municipalities, have CUSIP numbers or have similar characteristics of those in the municipal markets, making them marketable and comparable as Level 2.

There have been no transfers into or out of Level 3 during 2020 and 2019.

The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis. At December 31, 2020 and 2019, such assets consist primarily of collateral dependent impaired loans. Collateral dependent impaired loans categorized as Level 3 assets consist of non-homogeneous loans that are considered impaired. The Company estimates the fair value of the loans based on the present value of expected future cash flows using management’s best estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals).

At December 31, 2020 and 2019, collateral dependent impaired loans categorized as Level 3 were $7,703 and $444 thousand, respectively. The specific allocation for collateral dependent impaired loans was $1,657 thousand as of December 31, 2020 and $197 thousand as of December 31, 2019, respectively, which are accounted for in the allowance for loan losses (see Note 4).

Other real estate is reported at the lower of either the fair value of the real estate, minus the estimated costs to sell the asset, or the cost of the asset. The determination of the fair value of the real estate relies primarily on appraisals from third parties. If the fair value of the real estate, minus the estimated costs to sell the asset, is less than the asset’s cost, the deficiency is recognized as a valuation allowance against the asset through a charge to expense. The valuation allowance is therefore increased or decreased, through charges or credits to expense, for changes in the asset’s fair value or estimated selling costs.

The following table presents collateral dependent impaired loans and other real estate owned as recorded at fair value:

	($ in Thousands)
	Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020
			Quoted Prices in
			Markets for		Significant		Significant
	Balance at		Identical		Observable Inputs		Unobservable Inputs
	December 31, 2020		Assets (Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans	$	7,703	$	-	$	-	$	7,703
Other real estate owned - commercial		-		-		-		-

	($ in Thousands)
	Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2019
			Quoted Prices in
			Markets for		Significant		Significant
	Balance at		Identical		Observable Inputs		Unobservable Inputs
	December 31, 2019		Assets (Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans	$	444	$	-	$	-	$	444
Other real estate owned - commercial		164		-		-		164

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements:

	(In Thousands)
	Fair Value at December 31, 2020		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
State and local government	$	1,562	Discounted Cash Flow	Credit strength of underlying project or entity / Discount rate	1.19-1.19% (1.19%)
Collateral dependent impaired loans		7,703	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0.71-100% (17.71%)
Other real estate owned - commercial		-	Appraisals	Discount to reflect current market	— % ( — )

	(In Thousands)
	Fair Value at December 31, 2019		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
State and local government	$	1,490	Discounted Cash Flow	Credit strength of underlying project or entity / Discount rate	0-5% (2.52%)
Collateral dependent impaired loans		444	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0-50% (30.73%)
Other real estate owned - commercial		164	Appraisals	Discount to reflect current market	0-20 % ( 23.31%)

The Company also has other assets, which under certain conditions, are subject to measurement at fair value. These assets include loans held for sale and mortgage servicing rights. The Company estimated the fair values of these assets utilizing Level 3 inputs, including, the discounted present value of expected future cash flows. At December 31, 2020, the Company estimates that there is no impairment of these assets and therefore, no impairment charge to other expense was required to adjust these assets to their estimated fair values.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Condensed Financial Statements of Parent Company

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Financial Statements of Parent Company

Note 18 – Condensed Financial Statements of Parent Company

Balance Sheets
	(In Thousands)
	2020		2019
Assets
Cash	$	5,763	$	2,281
Related party receivables:
Dividends and accounts receivable from subsidiary		3,380		4,080
Accrued interest receivable - municipals		91		75
Securities - municipals		17,885		17,196
Certificate of deposits		1,727		1,974
Investment in subsidiaries		222,423		206,553
Total Assets	$	251,269	$	232,159
Liabilities
Accrued expenses	$	220	$	133
Dividends payable		1,889		1,768
Total Liabilities		2,109		1,901
Stockholders' Equity		249,160		230,258
Total Liabilities and Stockholders' Equity	$	251,269	$	232,159

Statements of Income and Comprehensive Income
	(In Thousands)
	2020			2019			2018
Income
Dividends from subsidiaries	$	8,800		$	13,137		$	8,350
Interest - municipals / certificates of deposit		382			374			389
Loss on sales of available-for-sale securities		-			-			(19	)
Total income		9,182			13,511			8,720
Operating Expenses		923			999			1,020

Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries		8,259			12,512			7,700
Income Taxes (Benefit)		(184	)		(166	)		(362	)
		8,443			12,678			8,062
Equity in undistributed earnings of subsidiaries		11,652			5,724			6,887
Net Income		20,095			18,402			14,949
Other Comprehensive Income (Loss):
Unrealized gains (losses) on securities		4,599			4,112			(829	)
Comprehensive Income	$	24,694		$	22,514		$	14,120

Statements of Cash Flows
	(In Thousands)
	2020			2019			2018
Cash Flows from Operating Activities
Net income	$	20,095		$	18,402		$	14,949
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income		(11,652	)		(5,724	)		(6,887	)
Net amortization of securities		154			99			190
Other assets and liabilities		2,814			(1,604	)		(6,991	)
Net cash provided by operating activities		11,411			11,173			1,261
Cash Flows from Investing Activities
Activity in available-for-sale securities:
Maturities, prepayments and calls		385			7,060			5,030
Sales		-			500			3,300
Purchases		(745	)		(11,453	)		(2,695	)
Net cash provided by (used in) investing activities		(360	)		(3,893	)		5,635
Cash Flows from Financing Activities
Payment of dividends		(7,186	)		(6,345	)		(4,956	)
Purchase of Treasury stock		(383	)		(381	)		(490	)
Net cash used in financing activities		(7,569	)		(6,726	)		(5,446	)
Net Change in Cash and Cash Equivalents		3,482			554			1,450
Cash and Cash Equivalents - Beginning of year		2,281			1,727			277
Cash and Cash Equivalents - End of year	$	5,763		$	2,281		$	1,727

Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Note 19 – Quarterly Financial Data

Quarterly Financial Data - UNAUDITED
	Quarter Ended in 2020
	Mar 31			June 30			Sep 30			Dec 31
Summary of Income:
Interest income	$	17,464		$	17,273		$	17,293		$	18,139
Interest expense		3,411			2,698			2,269			2,015
Net Interest Income		14,053			14,575			15,024			16,124
Provision for loan loss		1,430			1,569			1,987			1,995
Net interest income after provision of loan loss		12,623			13,006			13,037			14,129
Other income (expense)		(7,546	)		(7,041	)		(7,340	)		(5,662	)
Net income before income taxes		5,077			5,965			5,697			8,467
Income taxes		972			1,161			1,287			1,691
Net income	$	4,105		$	4,804		$	4,410		$	6,776
Earnings per Common Share	$	0.37		$	0.43		$	0.40		$	0.60
Average common shares outstanding		11,134,870			11,129,341			11,142,797			11,177,765

	Quarter Ended in 2019
	Mar 31			June 30			Sep 30			Dec 31
Summary of Income:
Interest income	$	15,862		$	18,283		$	17,012		$	17,149
Interest expense		3,085			3,749			4,112			3,813
Net Interest Income		12,777			14,534			12,900			13,336
Provision for loan loss		30			133			247			728
Net interest income after provision for loan loss		12,747			14,401			12,653			12,608
Other income (expense)		(8,799	)		(6,673	)		(7,419	)		(6,756	)
Net income before income taxes		3,948			7,728			5,234			5,852
Income taxes		724			1,548			959			1,129
Net income	$	3,224		$	6,180		$	4,275		$	4,723
Earnings per Common Share	$	0.29		$	0.56		$	0.38		$	0.43
Average common shares outstanding		11,089,839			11,106,367			11,121,426			11,137,004

Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

Note 20 – Subsequent Events

On December 21, 2020, the Company announced they have signed an agreement and plan of reorganization and merger (the Agreement) whereby F&M will acquire Ossian Financial Services, Inc., (OFSI), the holding company for Ossian State Bank, in a cash transaction. OFSI operates two full-service offices in Northeast Indiana and has approximately $122 million in assets, $58 million in loans, $108 million in deposits and $11.9 million in consolidated equity as of September 30, 2020. OFSI is taxed as an S-Corporation.

Subject to the terms of the Agreement, which has been unanimously approved by the Board of Directors of each company, aggregate cash consideration of the deal is equal to $20 million, representing $67.71 per share. The consideration is subject to potential adjustment, as set forth in the Agreement, in the event that OFSI’s equity capital is less than $12 million at closing.

The transaction represents a natural extension of F&M’s community bank footprint and is a complementary fit with the Company’s 2019 acquisition of the Bank of Geneva and F&M’s 2020 asset purchase of Adams County Financial Resources. OFSI operates offices in the Indiana communities of Ossian and Bluffton. After the transaction, F&M will operate 11 offices in Indiana with total deposits of $462 million and total loans of $445 million.

On January 15, 2021, the Company announced the authorization by its Board of Directors for the Company’s repurchase, either on the open market, or in privately negotiated transactions, of up to 500,000 shares of its outstanding common stock commencing January 15, 2021 and ending December 31, 2021.

During 2021, the Bank will be consolidating four of its offices as part of the Company’s strategic plan to improve operating efficiencies, reinvest in new remote and electronic banking initiatives and better serve customers. The office realignment plans include the offices at 1313 S. Defiance Street in Archbold, Ohio, 119 N Fulton Street in Wauseon, Ohio 929 E. High Street in Bryan, Ohio and 103 Main Street in Monroeville, Indiana.

[Remainder of this page intentionally left blank.]

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Nature of Operations

Consolidation Policy

Use of Estimates

Cash and Cash Equivalents

Restrictions on Cash and Amounts Due from Banks

Securities

Other Securities

Loans

Allowance for Loan Losses

experience adjusted for qualitative factors. The unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses.

Loans Held for Sale

Servicing Assets

Goodwill and Other Intangible Assets

Off Balance Sheet Instruments

Foreclosed Real Estate

Bank Premises and Equipment

Bank Owned Life Insurance

Revenue Recognition

Income Tax

Earnings Per Share

Stock-Based Compensation

Transfers of Financial Assets

Treasury Stock

Common stock shares repurchased are recorded at market value on date of purchase. Restricted shares when awarded are removed from treasury stock using the weighted average method.

Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) and related tax effects are as follows:

	(In Thousands)
	2020			2019		2018
Net unrealized gain (loss) on available-for-sale securities	$	6,091		$	5,179	$	(1,058	)
Reclassification adjustment for (gain) loss on sale of available-for-sale securities		(270	)		26		9
Net unrealized gain (loss) on available-for-sale securities		5,821			5,205		(1,049	)
Tax expense (benefit)		1,222			1,093		(220	)
Other comprehensive income (loss)	$	4,599		$	4,112	$	(829	)

Reclassification

Certain amounts in the 2019 and 2018 consolidated financial statements have been reclassified to conform with the 2020 presentation. These reclassifications had no effect on net income.

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Components of Other Comprehensive Income (Loss) and Related Tax Effects

The components of other comprehensive income (loss) and related tax effects are as follows:

	(In Thousands)
	2020			2019		2018
Net unrealized gain (loss) on available-for-sale securities	$	6,091		$	5,179	$	(1,058	)
Reclassification adjustment for (gain) loss on sale of available-for-sale securities		(270	)		26		9
Net unrealized gain (loss) on available-for-sale securities		5,821			5,205		(1,049	)
Tax expense (benefit)		1,222			1,093		(220	)
Other comprehensive income (loss)	$	4,599		$	4,112	$	(829	)

Business Combination & Asset Purchase (Tables)

12 Months Ended

Dec. 31, 2020

Business Acquisition [Line Items]

Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized

The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date.

Fair Value of Consideration Transferred
	(In Thousands)
Cash	$	8,465
Common Shares (1,830,000 shares)		70,437
Total	$	78,902

Recognized amounts of identifiable assets acquired and liabilities assumed

Assets
Cash and cash equivalents	$	6,376
Securities - available-for-sale		17,494
Other securities, at cost		2,347
Loans, net		257,183
Premises and equipment		2,538
Goodwill		43,266
Other assets		7,176
Total Assets Purchased	$	336,380

Liabilities
Deposits
Noninterest bearing	$	37,822
Interest bearing		168,312
Total deposits		206,134
Federal Home Loan Bank (FHLB) advances		48,196
Accrued expenses and other liabilities		3,148
Total Liabilities Assumed	$	257,478

Summary of Carrying Amount of Loans

The carrying amount of those loans is included in loans, net on the balance sheet at December 31, 2020. The amounts of loans at December 31, 2020 are as follows:

	2019
	(In Thousands)
Balance - January 1, 2019
Commercial	$	4,094
Consumer RE		231
Consumer		71
Carrying amount, net of fair value adjustment of $2,118	$	2,278

Balance - December 31, 2019
Commercial	$	106
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $62	$	44
Balance - January 1, 2020
Commercial	$	106
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $62	$	44

Balance - December 31, 2020
Commercial	$	-
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $0	$	-

Summary of Loans Acquired and Contractually Required Payments Receivable

Loans acquired during 2019 for which it was probable at acquisition that all contractually required payments would not be collected are as follows:

	(In Thousands)
Contractually required payments receivable at acquisition
Commercial	$	4,215
Consumer RE		261
Consumer		94
Total required payments receivable	$	4,570

Cash flows expected to be collected at acquisition	$	2,788

Basis in acquired loans at acquisition	$	4,396

Summary of Changes in Accretable Yield or Income Expected to be Collected

Changes in accretable yield, or income expected to be collected, are as follows:

	2020			2019
	(In Thousands)			(In Thousands)
Beginning Balance	$	2,021		$	2,544
Additions		3			6
Accretion		(427	)		(2,426	)
Reclassification from nonaccretable difference		62			2,019
Disposals		(6	)		(122	)
Ending Balance	$	1,653		$	2,021

Schedule of Pro-forma Results

The following schedule includes pro-forma results for the years ended December 31, 2019 and 2018 as if the Bank of Geneva acquisition had occurred as of the beginning of the comparable prior reporting period.

	2019		2018
Summary of Operations
Net Interest Income - Before Provision for Loan Losses	$	53,547	$	54,234
Provision for Loan Losses		1,138		579
Net Interest Income After Provision for Loan Losses		52,409		53,655
Noninterest Income		11,820		11,750
Noninterest Expense		40,314		40,517
Income Before Income Taxes		23,915		24,888
Income Taxes		4,484		4,530
Net Income	$	19,431	$	20,358
Basic and Diluted Earnings Per Share	$	1.75	$	1.83

Schedule of Future Amortization of Core Deposit Intangible Assets

Future amortization expense of core deposit intangible assets is as follows:

	Geneva
	(In thousands)
2021	$	560
2022		560
2023		560
2024		560
2025		560
Total	$	2,800

Customer Lists [Member]

Business Acquisition [Line Items]

Schedule of Future Amortization of Core Deposit Intangible Assets

Future amortization expense of customer list intangible is as follows:

		(In Thousands)
2021	$	123
2022		123
2023		123
2024		123
2025		123
Thereafter		169
Total	$	784

Adams County Financial Resources

Business Acquisition [Line Items]

Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized

The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired:

Fair Value of Consideration Transferred
	(In Thousands)
Common Shares (40,049 shares)	$	825
Total	$	825

Recognized amounts of identifiable assets acquired and liabilities assumed

Assets
Premises and equipment	$	25
Customer list intangible		800
Total Assets Purchased	$	825

Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

Note 3 – Securities

The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:

	(In Thousands)
	2020
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	-	$	-	$	-		$	-
U.S. Government agencies		122,514		1,857		(130	)		124,241
Mortgage-backed securities		110,828		2,228		-			113,056
State and local governments		67,260		3,265		(10	)		70,515
Total available-for-sale securities	$	300,602	$	7,350	$	(140	)	$	307,812

	(In Thousands)
	2019
			Gross		Gross			Fair
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Available-for-Sale:
U.S. Treasury	$	10,023	$	10	$	(12	)	$	10,021
U.S. Government agencies		61,882		584		(21	)		62,445
Mortgage-backed securities		94,998		426		(227	)		95,197
State and local governments		54,001		749		(120	)		54,630
Total available-for-sale securities	$	220,904	$	1,769	$	(380	)	$	222,293

Gross Unrealized Losses, Aggregated by Investment Category and Length of Time

	2020
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized		Fair
	Losses			Value		Losses		Value
U.S. Treasury	$	-		$	-	$	-	$	-
U.S. Government agencies		(130	)		48,331		-		-
Mortgage-backed securities		-			-		-		-
State and local governments		(10	)		3,562		-		-
Total available-for-sales securities	$	(140	)	$	51,893	$	-	$	-

	2019
	(In Thousands)					(In Thousands)
	Less Than Twelve Months					Twelve Months & Over
	Gross					Gross
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
U.S. Treasury	$	-		$	-	$	(12	)	$	5,030
U.S. Government agencies		(16	)		10,549		(5	)		10,745
Mortgage-backed securities		(102	)		27,696		(125	)		11,332
State and local governments		(120	)		16,845		-			-
Total available-for-sales securities	$	(238	)	$	55,090	$	(142	)	$	27,107

Gross Realized Gains and Losses

gross realized gains and losses for the years ended December 31, as presented below:

	(In Thousands)
	2020		2019			2018
Gross realized gains	$	270	$	16		$	51
Gross realized losses		-		(42	)		(60	)
Net realized gains (losses)	$	270	$	(26	)	$	(9	)
Tax expense (benefit) related to net realized gains (losses)	$	57	$	(5	)	$	(2	)

Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity

	(In Thousands)
	Amortized
	Cost		Fair Value
One year or less	$	1,044	$	1,054
After one year through five years		63,793		65,323
After five years through ten years		123,275		126,630
After ten years		1,662		1,749
Total	$	189,774	$	194,756
Mortgage-backed securities		110,828		113,056
Total	$	300,602	$	307,812

Loans (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Loans

Loans at December 31 are summarized below:

	(In Thousands)
Loans:	2020			2019
Consumer Real Estate	$	175,588		$	165,349
Agricultural Real Estate		189,159			199,105
Agricultural		94,358			111,820
Commercial Real Estate		588,825			551,309
Commercial and Industrial		189,246			135,631
Consumer		52,540			49,237
Other		15,757			8,314
	$	1,305,473		$	1,220,765
Less: Net deferred loan fees and costs		(2,483	)		(1,766	)
		1,302,990			1,218,999
Less: Allowance for loan losses		(13,672	)		(7,228	)
Loans - Net	$	1,289,318		$	1,211,771

Contractual Maturity Schedule by Major Category of Loans Excluding Fair Value Adjustments

The following is a maturity schedule by major category of loans excluding fair value adjustments at December 31, 2020:

	(In Thousands)
			After One
	Within		Year Within		After
	One Year		Five Years		Five Years		Total
Consumer Real Estate	$	5,810	$	31,538	$	138,295	$	175,643
Agricultural Real Estate		5,612		4,045		180,123		189,780
Agricultural		53,083		27,835		13,443		94,361
Commercial Real Estate		21,532		307,834		259,571		588,937
Commercial and Industrial		61,416		109,373		18,642		189,431
Consumer		1,520		38,099		12,900		52,519
Other		2,223		134		13,397		15,754
	$	151,196	$	518,858	$	636,371	$	1,306,425

Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category

The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of December 31, 2020:

	(In Thousands)
	Fixed		Variable
	Rate		Rate
Consumer Real Estate	$	128,948	$	46,640
Agricultural Real Estate		102,993		86,166
Agricultural		81,089		13,269
Commercial Real Estate		456,997		131,828
Commercial and Industrial		163,688		25,558
Consumer		48,558		3,982
Other		15,705		52

Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans

December 31, 2020	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Consumer Real Estate	$	269	$	191	$	1,032	$	1,492	$	173,824	$	175,316	$	-
Agricultural Real Estate		-		-		88		88		188,738		188,826		-
Agricultural		-		-		176		176		94,314		94,490		-
Commercial Real Estate		-		-		185		185		587,469		587,654		-
Commercial and Industrial		-		750		983		1,733		202,310		204,043		-
Consumer		53		-		-		53		52,608		52,661		-
Total	$	322	$	941	$	2,464	$	3,727	$	1,299,263	$	1,302,990	$	-

December 31, 2019	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Consumer Real Estate	$	355	$	70	$	-	$	425	$	164,266	$	164,691	$	-
Agricultural Real Estate		-		107		-		107		198,752		198,859		-
Agricultural		78		7		-		85		111,864		111,949		-
Commercial Real Estate		-		-		-		-		550,082		550,082		-
Commercial and Industrial		201		267		-		468		143,541		144,009		-
Consumer		54		-		-		54		49,355		49,409		-
Total	$	688	$	451	$	-	$	1,139	$	1,217,860	$	1,218,999	$	-

Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans

The following table presents the recorded investment in nonaccrual loans by portfolio class of loans as of December 31, 2020 and December 31, 2019:

	(In Thousands)
	2020		2019
Consumer Real Estate	$	1,546	$	1,209
Agricultural Real Estate		5,575		88
Agriculture		307		1,769
Commercial Real Estate		665		37
Commercial and Industrial		1,296		288
Consumer		15		9
Total	$	9,404	$	3,400

Risk Category of Loans by Portfolio Class

	(In Thousands)
	Agricultural Real Estate				Agricultural				Commercial Real Estate				Commercial and Industrial				Other
	2020		2019		2020		2019		2020		2019		2020		2019		2020		2019
1-2	$	11,960	$	14,655	$	5,093	$	4,093	$	11,001	$	7,860	$	38,486	$	3,844	$	-	$	-
3		38,306		33,951		23,779		36,913		165,201		131,780		26,515		19,790		4,651		3,168
4		112,465		116,834		63,480		65,414		396,076		401,404		114,108		103,527		11,106		5,146
5		7,478		14,836		1,577		2,300		4,010		3,699		3,266		2,465		-		-
6		18,617		18,583		561		3,229		11,366		5,339		4,796		4,983		-		-
7		-		-		-		-		-		-		1,115		1,086		-		-
8		-		-		-		-		-		-		-		-		-		-
Total	$	188,826	$	198,859	$	94,490	$	111,949	$	587,654	$	550,082	$	188,286	$	135,695	$	15,757	$	8,314

Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity

The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of December 31, 2020 and December 31, 2019.

	(In Thousands)
	Consumer Real Estate
	2020		2019
Grade
Pass	$	171,667	$	160,930
Special mention (5)		1,284		415
Substandard (6)		2,365		3,346
Doubtful (7)		-		-
Total	$	175,316	$	164,691

	(In Thousands)
	Consumer - Credit Card				Consumer - Other
	2020		2019		2020		2019
Performing	$	3,660	$	4,076	$	48,855	$	44,831
Nonperforming		10		15		136		487
Total	$	3,670	$	4,091	$	48,991	$	45,318

Schedule of Impaired Loans

Information about impaired loans as of and for the years ended December 31, 2020 and 2019 are as follows:

	(In Thousands)
	2020		2019
Impaired loans without a valuation allowance	$	5,172	$	2,420
Impaired loans with a valuation allowance		9,360		641
Total impaired loans	$	14,532	$	3,061
Valuation allowance related to impaired loans	$	1,657	$	197
Total non-accrual loans	$	9,404	$	3,400
Total loans past-due ninety days or more and still accruing	$	-	$	-

	(In Thousands)
	2020		2019		2018
Average investment in impaired loans	$	10,234	$	2,649	$	1,958
Interest income recognized on impaired loans	$	269	$	118	$	69
Interest income recognized on a cash basis on impaired loans	$	135	$	9	$	17

Impaired Loans Classified as Troubled Debt Restructured

The following table represents the years ended December 31, 2020 and 2019.

December 31, 2020							December 31, 2019
			(In thousands)							(In thousands)
Troubled Debt Restructurings	Number of Contracts Modified in the Last 12 Months		Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Troubled Debt Restructurings	Number of Contracts Modified in the Last 12 Months		Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Consumer Real Estate		-	$	-	$	-	Consumer Real Estate		1	$	74	$	74
Agricultural Real Estate		2		5,380		5,380	Agricultural Real Estate		-		-		-
Agricultural		1		164		164	Agricultural		-		-		-
Commercial Real Estate		2		981		981	Commercial Real Estate		-		-		-
Commercial and Industrial		1		50		50	Commercial and Industrial		4		812		812

Loans Individually Evaluated for Impairment by Portfolio Class of Loans

The following tables present loans individually evaluated for impairment by portfolio class of loans as of December 31, 2020 and 2019:

	(In Thousands)
2020	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized Cash Basis
With no related allowance recorded:
Consumer Real Estate	$	799	$	799	$	-	$	738	$	22	$	10
Agricultural Real Estate		1,546		1,549		-		729		18		12
Agricultural		291		291		-		392		3		3
Commercial Real Estate		185		185		-		195		13		-
Commercial and Industrial		2,328		2,328		-		1,222		26		5
Consumer		23		23		-		16		-		-
With a specific allowance recorded:
Consumer Real Estate		202		202		31		126		-		3
Agricultural Real Estate		5,210		5,210		600		3,175		6		102
Agricultural		176		176		116		188		-		-
Commercial Real Estate		2,765		2,765		20		2,524		128		-
Commercial and Industrial		1,007		1,007		890		916		52		-
Consumer		-		-		-		11		1		-
Totals:
Consumer Real Estate	$	1,001	$	1,001	$	31	$	864	$	22	$	13
Agricultural Real Estate	$	6,756	$	6,759	$	600	$	3,904	$	24	$	114
Agricultural	$	467	$	467	$	116	$	580	$	3	$	3
Commercial Real Estate	$	2,950	$	2,950	$	20	$	2,719	$	141	$	-
Commercial and Industrial	$	3,335	$	3,335	$	890	$	2,138	$	78	$	5
Consumer	$	23	$	23	$	-	$	27	$	1	$	-

	(In Thousands)
2019	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized Cash Basis
With no related allowance recorded:
Consumer Real Estate	$	648	$	648	$	-	$	626	$	32	$	9
Agricultural Real Estate		-		-		-		204		-		-
Agricultural		491		491		-		124		-		-
Commercial Real Estate		299		299		-		238		19		-
Commercial and Industrial		982		982		-		637		66		-
Consumer		-		-		-		-		-		-
With a specific allowance recorded:
Consumer Real Estate		181		184		30		211		-		-
Agricultural Real Estate		-		-		-		22		1		-
Agricultural		200		200		21		29		-		-
Commercial Real Estate		-		-		-		-		-		-
Commercial and Industrial		227		377		142		555		-		-
Consumer		33		33		4		3		-		-
Totals:
Consumer Real Estate	$	829	$	832	$	30	$	837	$	32	$	9
Agricultural Real Estate	$	-	$	-	$	-	$	226	$	1	$	-
Agricultural	$	691	$	691	$	21	$	153	$	-	$	-
Commercial Real Estate	$	299	$	299	$	-	$	238	$	19	$	-
Commercial and Industrial	$	1,209	$	1,359	$	142	$	1,192	$	66	$	-
Consumer	$	33	$	33	$	4	$	3	$	-	$	-

Summary of Activities in Allowance for Credit Losses

The following is an analysis of the allowance for credit losses for the years ended December 31:

	(In Thousands)
	2020			2019			2018
Allowance for Loan Losses
Balance at beginning of year	$	7,228		$	6,775		$	6,868
Provision for loan loss		6,981			1,138			324
Loans charged off		(720	)		(841	)		(580	)
Recoveries		183			156			163
Balance at ending of year	$	13,672		$	7,228		$	6,775
Allowance for Unfunded Loan Commitments & Letters of Credit	$	641		$	479		$	274
Total Allowance for Credit Losses	$	14,313		$	7,707		$	7,049

Analysis of Allowance for Credit Losses

Additional analysis related to the allowance for credit losses as of December 31, 2020 and 2019 is as follows:

	(In Thousands)
2020	Consumer Real Estate			Agricultural Real Estate		Agricultural		Commercial Real Estate			Commercial and Industrial			Consumer			Unfunded Loan Commitment & Letters of Credit		Unallocated		Total
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$	311		$	314	$	691	$	3,634		$	1,727		$	551		$	479	$	-	$	7,707
Charge Offs		(35	)		-		-		(8	)		(297	)		(380	)		-		-		(720	)
Recoveries		9			-		-		10			24			140			-		-		183
Provision		348			644		10		3,779			1,892			295			-		13		6,981
Other Non-interest expense related to unfunded		-			-		-		-			-			-			162		-		162
Ending Balance	$	633		$	958	$	701	$	7,415		$	3,346		$	606		$	641	$	13	$	14,313
Ending balance: individually evaluated for impairment	$	31		$	600	$	116	$	20		$	890		$	-		$	-	$	-	$	1,657
Ending balance: collectively evaluated for impairment	$	602		$	358	$	585	$	7,395		$	2,456		$	606		$	641	$	13	$	12,656
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-	$	-		$	-		$	-		$	-	$	-	$	-
FINANCING RECEIVABLES:
Ending balance	$	175,316		$	188,826	$	94,490	$	587,654		$	204,043		$	52,661		$	-	$	-	$	1,302,990
Ending balance: individually evaluated for impairment	$	1,001		$	6,756	$	467	$	2,950		$	3,335		$	23		$	-	$	-	$	14,532
Ending balance: collectively evaluated for impairment	$	174,273		$	182,070	$	94,023	$	584,704		$	200,602		$	52,638		$	-	$	-	$	1,288,310
Ending balance: loans acquired with deteriorated credit quality	$	42		$	-	$	-	$	-		$	106		$	-		$	-	$	-	$	148

	(In Thousands)
2019	Consumer Real Estate			Agricultural Real Estate		Agricultural			Commercial Real Estate		Commercial and Industrial			Consumer			Unfunded Loan Commitment & Letters of Credit		Unallocated			Total
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$	247		$	250	$	768		$	3,217	$	1,305		$	484		$	274	$	504		$	7,049
Charge Offs		(98	)		-		(37	)		-		(215	)		(491	)		-		-			(841	)
Recoveries		-			-		3			11		22			120			-		-			156
Provision (Credit)		162			64		(43	)		406		615			438			-		(504	)		1,138
Other Non-interest expense related to unfunded		-			-		-			-		-			-			205		-			205
Ending Balance	$	311		$	314	$	691		$	3,634	$	1,727		$	551		$	479	$	-		$	7,707
Ending balance: individually evaluated for impairment	$	30		$	-	$	21		$	-	$	142		$	4		$	-	$	-		$	197
Ending balance: collectively evaluated for impairment	$	281		$	314	$	670		$	3,634	$	1,585		$	547		$	479	$	-		$	7,510
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-		$	-	$	-		$	-		$	-	$	-		$	-
FINANCING RECEIVABLES:
Ending balance	$	164,691		$	198,859	$	111,949		$	550,082	$	144,009		$	49,409		$	-	$	-		$	1,218,999
Ending balance: individually evaluated for impairment	$	829		$	-	$	691		$	299	$	1,209		$	33		$	-	$	-		$	3,061
Ending balance: collectively evaluated for impairment	$	163,816		$	198,859	$	111,258		$	549,783	$	142,694		$	49,376		$	-	$	-		$	1,215,786
Ending balance: loans acquired with deteriorated credit quality	$	46		$	-	$	-		$	-	$	106		$	-		$	-	$	-		$	152

Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Major Categories of Banking Premises and Equipment and Accumulated Depreciation

The major categories of banking premises and equipment and accumulated depreciation at December 31 are summarized below:

	(In Thousands)
	2020			2019
Land	$	6,951		$	6,951
Buildings (useful life 15-39 years)		30,124			28,845
Furnishings (useful life 3-15 years)		20,947			22,045
		58,022			57,841
Less: Accumulated depreciation		(30,959	)		(31,558	)
Premises and Equipment (Net)	$	27,063		$	26,283

Servicing (Tables)

12 Months Ended

Dec. 31, 2020

Transfers And Servicing [Abstract]

Summary of Mortgage Servicing Rights Capitalized and Amortized

The following summarizes mortgage servicing rights capitalized and amortized during each year:

	(In Thousands)
	2020			2019
Beginning of Year	$	2,629		$	2,385
Capitalized Additions		1,722			731
Amortization		(1,031	)		(487	)
Valuation Allowance		-			-
End of Year	$	3,320		$	2,629

Deposits (Tables)

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Time Deposits

Time deposits as of December 31 consist of the following:

	(In Thousands)
	2020		2019
Time deposits under $250,000	$	215,515	$	237,520
Time deposits of $250,000 or more		32,038		39,043
	$	247,553	$	276,563

Scheduled Maturities for Time Deposits

At December 31, 2020 the scheduled maturities for time deposits are as follows:

	(In Thousands)
2021	$	131,867
2022		72,542
2023		20,430
2024		8,292
2025		13,942
Thereafter		480
	$	247,553

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase (Tables)

12 Months Ended

Dec. 31, 2020

Brokers And Dealers [Abstract]

Daily Securities under Agreement to Repurchase

The table below presents the daily securities sold under agreement to repurchase and the term repurchase agreements. It does not include the Bank’s federal funds purchased.

	Daily Securities Sold Under Agreement to Repurchase

	Amount		Weighted			Maximum Amount		Approximate		Approximate
	Outstanding		Average			Borrowings		Average		Weighted Average
	at End		Rate End			Outstanding		Outstanding in		Interest Rate
	of Period (000's)		of Period			Month End (000's)		Period (000's)		For the Period
2020	$	1,899		1.08	%	$	2,568	$	1,765		1.00	%
2019	$	1,814		1.08	%	$	1,864	$	1,302		0.65	%

	Term CD's Sold Under Agreement to Repurchase

	Amount		Weighted			Maximum Amount		Approximate		Approximate
	Outstanding		Average			Borrowings		Average		Weighted Average
	at End		Rate End			Outstanding		Outstanding in		Interest Rate
	of Period (000's)		of Period			Month End (000's)		Period (000's)		For the Period
2020	$	28,340		1.00	%	$	29,261	$	28,379		2.52	%
2019	$	28,416		1.39	%	$	28,416	$	26,421		2.33	%

Schedule of Remaining Contractual Maturity in Repurchase Agreements and Collateral Pledged

The table below shows the remaining contractual maturity in the repurchase agreements and the collateral pledged as of December 31, 2020.

	December 31, 2020
	Remaining Contractual Maturity of the Agreements
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Repurchase agreements
US Treasury & agency securities		1,899		-		3,900		24,440		30,239
Total	$	1,899	$	-	$	3,900	$	24,440	$	30,239

Federal Home Loan Bank Advances (Tables)

12 Months Ended

Dec. 31, 2020

Federal Home Loan Banks [Abstract]

Schedule of Maturities of Borrowings Exclusive of Fair Value

The table below shows the maturities of the borrowings exclusive of the fair value.

	(In Thousands)
2021	$	-
2022		1,546
2023		1,500
2024		11,500
2025		1,500
Thereafter		1,980
Total	$	18,026

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) for the years ended December 31 are as follows:

	(In Thousands)
	2020			2019		2018
Current:
Federal	$	6,289		$	4,005	$	2,755
State		513			63		75
Total current		6,802			4,068		2,830
Deferred:
Federal		(1,596	)		227		472
State		(95	)		65		(1	)
Total deferred		(1,691	)		292		471
Total Income Tax	$	5,111		$	4,360	$	3,301

Reconciliation of the Statutory Federal Income Tax Rate to the Effective Tax Rate

The following is a reconciliation of the statutory federal income tax rate to the effective tax rate:

	(In Thousands)
	2020			2019			2018
Federal income tax at statutory rates	$	5,294		$	4,780		$	3,832
(Decrease) increase resulting from:
State income tax, net of federal benefit		330			101			59
Tax exempt interest		(146	)		(170	)		(220	)
Section 831 deduction		(266	)		(268	)		(236	)
Other		(101	)		(83	)		(134	)
Total Income Tax	$	5,111		$	4,360		$	3,301

Components of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities at December 31 are comprised of the following:

	(In Thousands)
	2020			2019
Deferred Tax Assets:
Allowance for loan losses	$	3,128		$	1,719
Deferred compensation		537			472
Net unrealized loss on available-for-sale securities		-			292
Other		142			32
Total deferred tax assets		3,807			2,515
Deferred Tax Liabilities:
Accreted discounts on bonds		4			43
Depreciation		878			754
FHLB stock dividends		481			491
Intangible amortization		1,144			1,218
Mortgage servicing rights		725			586
Net unrealized gain on available-for-sale securities		1,514			-
Prepaids		525			542
Other		5			235
Total deferred tax liabilities		5,276			3,869
Net Deferred Tax Asset (Liability)	$	(1,469	)	$	(1,354	)

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Summary of Restricted Shares Issued, Vested and Forfeited

The table below summarizes the details of the restricted shares issued, vested, and forfeited for the years ending December 31, 2020, 2019 and 2018.

	Year Ended December 31,
	2020				2019				2018
	Number of Shares		Number of Employees		Number of Shares		Number of Employees		Number of Shares		Number of Employees
Restricted shares issued		37,382		92		38,100		94		33,000		80
Restricted shares vested		23,491		57		26,070		63		28,790		56
Restricted shares awarded due to retirement		10,890		8		14,300		3		-		-
Restricted shares awarded for other		1,050		1		-		-		-		-
Restricted shares forfeited		2,175		5		3,220		4		2,620		5

Activity of Restricted Stock Awards

The following table summarizes the activity of restricted stock awards as of December 31:

	Year Ended December 31,
	2020					2019					2018
	Number of Shares			Weighted average fair value per award		Number of Shares			Weighted average fair value per award		Number of Shares			Weighted average fair value per award
Beginning of period		88,450		$	31.52		93,940		$	29.87		92,350		$	19.17
Granted		37,382			21.80		38,100			25.14		33,000			44.63
Vested		(35,431	)		29.27		(40,370	)		21.76		(28,790	)		13.18
Forfeited		(2,175	)		21.92		(3,220	)		30.12		(2,620	)		44.04
Nonvested, end of period		88,226		$	28.40		88,450		$	31.52		93,940		$	29.87

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Calculation of Basic Earnings Per Share

The table below presents basic and diluted earnings per share for the years ended December 31, 2020, 2019, and 2018.

	Year Ended
	December 31,			December 31,			December 31,
	2020			2019			2018
Earnings per share
Net income	$	20,095		$	18,402		$	14,949
Less: distributed earnings allocated to participating securities		(57	)		(51	)		(52	)
Less: undistributed earnings allocated to participating securities		(96	)		(87	)		(98	)
Net earnings available to common shareholders	$	19,942		$	18,264		$	14,799
Weighted average common shares outstanding including participating securities		11,146,270			11,113,810			9,272,964
Less: average unvested restricted shares		(84,879	)		(83,369	)		(93,000	)
Weighted average common shares outstanding		11,061,391			11,030,441			9,179,964
Basic and diluted earnings per share	$	1.80		$	1.66		$	1.61

Off Balance Sheet Activities (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk

At December 31, 2020 and 2019, the following financial instruments were outstanding whose contract amounts represent credit risk:

	(In Thousands)
	2020		2019
Commitments to extend credit	$	456,299	$	394,437
Credit card arrangements		22,903		20,695
Standby letters of credit		2,021		1,345

Minimum Regulatory Capital Requirements (Tables)

12 Months Ended

Dec. 31, 2020

Federal Home Loan Banks [Abstract]

Summary of Bank's Actual and Required Capital Amounts and Ratios

The Bank’s actual and required capital amounts and ratios as of December 31, 2020 and December 31, 2019 are as follows:

	Actual					Minimum Capital Required					Required to be Considered Well-Capitalized
	(000's)					(000's)					(000's)
As of December 31, 2020	Amount		Ratio			Amount		Ratio			Amount		Ratio
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$	164,322		11.63	%	$	63,542		4.50	%	$	91,783		6.50	%
Total Risk-Based Capital (to Risk Weighted Assets)		178,635		12.64	%		113,032		8.00	%		141,290		10.00	%
Tier 1 Capital (to Risk Weighted Assets)		164,322		11.63	%		84,774		6.00	%		113,032		8.00	%
Tier 1 Leverage Capital (to Adjusted Total Assets)		164,322		9.08	%		72,419		4.00	%		90,524		5.00	%

	Actual					Minimum Capital Required					Required to be Considered Well-Capitalized
	(000's)					(000's)					(000's)
As of December 31, 2019	Amount		Ratio			Amount		Ratio			Amount		Ratio
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$	152,855		11.71	%	$	58,725		4.50	%	$	84,825		6.50	%
Total Risk-Based Capital (to Risk Weighted Assets)		160,562		12.30	%		104,400		8.00	%		130,500		10.00	%
Tier 1 Capital (to Risk Weighted Assets)		152,855		11.71	%		78,300		6.00	%		104,400		8.00	%
Tier 1 Leverage Capital (to Adjusted Total Assets)		152,855		10.02	%		61,050		4.00	%		76,312		5.00	%

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Estimated Fair Values and Related Carrying or Notional Amounts

	(In Thousands)
	December 31, 2020										December 31, 2019
	Carrying		Fair								Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3		Amount		Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	175,706	$	175,706	$	175,706	$	-	$	-	$	51,296	$	51,296	$	51,296	$	-	$	-
Interest-bearing time deposits		4,653		4,677		-		4,677		-		4,309		4,331		-		4,331		-
Securities - available-for-sale		307,812		307,812		-		306,250		1,562		222,293		222,293		10,021		210,782		1,490
Other securities		5,939		5,939		-		-		5,939		5,810		5,810		-		-		5,810
Loans held for sale		7,740		7,740		-		-		7,740		4,248		4,248		-		-		4,248
Loans, net		1,289,318		1,261,440		-		-		1,261,440		1,211,771		1,188,014		-		-		1,188,014
Interest receivable		6,188		6,188		-		-		6,188		6,769		6,769		-		-		6,769

Financial Liabilities:
Interest bearing deposits	$	997,462	$	1,004,608	$	-	$	-	$	1,004,608	$	746,628	$	746,628	$	-	$	-	$	746,628
Noninterest bearing deposits		351,147		351,147		-		351,147		-		265,156		265,156		-		265,156		-
Time deposits		247,553		250,135		-		-		250,135		276,563		277,008		-		-		277,008
Total Deposits		1,596,162		1,605,890		-		351,147		1,254,743		1,288,347		1,288,792		-		265,156		1,023,636
Fed funds purchased and securities sold under agreement to repurchase		30,239		30,239		-		-		30,239		48,073		48,073		-		-		48,073
Federal Home Loan Bank advances		17,861		17,872		-		-		17,872		24,806		24,811		-		-		24,811
Interest payable		338		338		-		-		338		754		754		-		-		754

Financial Assets Measured at Fair Value on Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis (in Thousands)

	Quoted Prices in		Significant		Significant
	Active Markets		Observable		Observable
	for Identical		Inputs		Inputs
December 31, 2020	Assets (Level 1)		(Level 2)		(Level 3)
Assets-(Securities Available-for-Sale)
U.S. Treasury	$	-	$	-	$	-
U.S. Government agencies		-		124,241		-
Mortgage-backed securities		-		113,056		-
State and local governments		-		68,953		1,562
Total Securities Available-for-Sale	$	-	$	306,250	$	1,562

	Quoted Prices in		Significant		Significant
	Active Markets		Observable		Observable
	for Identical		Inputs		Inputs
December 31, 2019	Assets (Level 1)		(Level 2)		(Level 3)
Assets-(Securities Available-for-Sale)
U.S. Treasury	$	10,021	$	-	$	-
U.S. Government agencies		-		62,445		-
Mortgage-backed securities		-		95,197		-
State and local governments		-		53,140		1,490
Total Securities Available-for-Sale	$	10,021	$	210,782	$	1,490

Changes in the Level 3 Fair-Value Category of Unobservable Inputs

	(In Thousands)
	Fair Value Measurements Using Significant
	Unobservable Inputs (Level 3)
	State and Local		State and Local		State and Local
	Governments		Governments		Governments
	Tax-Exempt		Taxable		Total
Balance at January 1, 2020	$	-	$	1,490	$	1,490
Change in Market Value		-		72		72
Purchases		-		-		-
Sales		-		-		-
Payments & Maturities		-		-		-
Balance at December 31, 2020	$	-	$	1,562	$	1,562

	(In Thousands)
	Fair Value Measurements Using Significant
	Unobservable Inputs (Level 3)
	State and Local		State and Local		State and Local
	Governments		Governments		Governments
	Tax-Exempt		Taxable		Total
Balance at January 1, 2019	$	-	$	1,427	$	1,427
Change in Market Value		-		63		63
Purchases		-		-		-
Sales		-		-		-
Payments & Maturities		-		-		-
Balance at December 31, 2019	$	-	$	1,490	$	1,490

Collateral Dependent Impaired Loans and Other Real Estate

The following table presents collateral dependent impaired loans and other real estate owned as recorded at fair value:

	($ in Thousands)
	Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020
			Quoted Prices in
			Markets for		Significant		Significant
	Balance at		Identical		Observable Inputs		Unobservable Inputs
	December 31, 2020		Assets (Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans	$	7,703	$	-	$	-	$	7,703
Other real estate owned - commercial		-		-		-		-

	($ in Thousands)
	Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2019
			Quoted Prices in
			Markets for		Significant		Significant
	Balance at		Identical		Observable Inputs		Unobservable Inputs
	December 31, 2019		Assets (Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans	$	444	$	-	$	-	$	444
Other real estate owned - commercial		164		-		-		164

Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements:

	(In Thousands)
	Fair Value at December 31, 2020		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
State and local government	$	1,562	Discounted Cash Flow	Credit strength of underlying project or entity / Discount rate	1.19-1.19% (1.19%)
Collateral dependent impaired loans		7,703	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0.71-100% (17.71%)
Other real estate owned - commercial		-	Appraisals	Discount to reflect current market	— % ( — )

	(In Thousands)
	Fair Value at December 31, 2019		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
State and local government	$	1,490	Discounted Cash Flow	Credit strength of underlying project or entity / Discount rate	0-5% (2.52%)
Collateral dependent impaired loans		444	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0-50% (30.73%)
Other real estate owned - commercial		164	Appraisals	Discount to reflect current market	0-20 % ( 23.31%)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Balance Sheets
	(In Thousands)
	2020		2019
Assets
Cash	$	5,763	$	2,281
Related party receivables:
Dividends and accounts receivable from subsidiary		3,380		4,080
Accrued interest receivable - municipals		91		75
Securities - municipals		17,885		17,196
Certificate of deposits		1,727		1,974
Investment in subsidiaries		222,423		206,553
Total Assets	$	251,269	$	232,159
Liabilities
Accrued expenses	$	220	$	133
Dividends payable		1,889		1,768
Total Liabilities		2,109		1,901
Stockholders' Equity		249,160		230,258
Total Liabilities and Stockholders' Equity	$	251,269	$	232,159

Schedule of Condensed Income and Comprehensive Income Statements

Statements of Income and Comprehensive Income
	(In Thousands)
	2020			2019			2018
Income
Dividends from subsidiaries	$	8,800		$	13,137		$	8,350
Interest - municipals / certificates of deposit		382			374			389
Loss on sales of available-for-sale securities		-			-			(19	)
Total income		9,182			13,511			8,720
Operating Expenses		923			999			1,020

Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries		8,259			12,512			7,700
Income Taxes (Benefit)		(184	)		(166	)		(362	)
		8,443			12,678			8,062
Equity in undistributed earnings of subsidiaries		11,652			5,724			6,887
Net Income		20,095			18,402			14,949
Other Comprehensive Income (Loss):
Unrealized gains (losses) on securities		4,599			4,112			(829	)
Comprehensive Income	$	24,694		$	22,514		$	14,120

Schedule of Condensed Cash Flow Statement

Statements of Cash Flows
	(In Thousands)
	2020			2019			2018
Cash Flows from Operating Activities
Net income	$	20,095		$	18,402		$	14,949
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income		(11,652	)		(5,724	)		(6,887	)
Net amortization of securities		154			99			190
Other assets and liabilities		2,814			(1,604	)		(6,991	)
Net cash provided by operating activities		11,411			11,173			1,261
Cash Flows from Investing Activities
Activity in available-for-sale securities:
Maturities, prepayments and calls		385			7,060			5,030
Sales		-			500			3,300
Purchases		(745	)		(11,453	)		(2,695	)
Net cash provided by (used in) investing activities		(360	)		(3,893	)		5,635
Cash Flows from Financing Activities
Payment of dividends		(7,186	)		(6,345	)		(4,956	)
Purchase of Treasury stock		(383	)		(381	)		(490	)
Net cash used in financing activities		(7,569	)		(6,726	)		(5,446	)
Net Change in Cash and Cash Equivalents		3,482			554			1,450
Cash and Cash Equivalents - Beginning of year		2,281			1,727			277
Cash and Cash Equivalents - End of year	$	5,763		$	2,281		$	1,727

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Data

Quarterly Financial Data - UNAUDITED
	Quarter Ended in 2020
	Mar 31			June 30			Sep 30			Dec 31
Summary of Income:
Interest income	$	17,464		$	17,273		$	17,293		$	18,139
Interest expense		3,411			2,698			2,269			2,015
Net Interest Income		14,053			14,575			15,024			16,124
Provision for loan loss		1,430			1,569			1,987			1,995
Net interest income after provision of loan loss		12,623			13,006			13,037			14,129
Other income (expense)		(7,546	)		(7,041	)		(7,340	)		(5,662	)
Net income before income taxes		5,077			5,965			5,697			8,467
Income taxes		972			1,161			1,287			1,691
Net income	$	4,105		$	4,804		$	4,410		$	6,776
Earnings per Common Share	$	0.37		$	0.43		$	0.40		$	0.60
Average common shares outstanding		11,134,870			11,129,341			11,142,797			11,177,765

	Quarter Ended in 2019
	Mar 31			June 30			Sep 30			Dec 31
Summary of Income:
Interest income	$	15,862		$	18,283		$	17,012		$	17,149
Interest expense		3,085			3,749			4,112			3,813
Net Interest Income		12,777			14,534			12,900			13,336
Provision for loan loss		30			133			247			728
Net interest income after provision for loan loss		12,747			14,401			12,653			12,608
Other income (expense)		(8,799	)		(6,673	)		(7,419	)		(6,756	)
Net income before income taxes		3,948			7,728			5,234			5,852
Income taxes		724			1,548			959			1,129
Net income	$	3,224		$	6,180		$	4,275		$	4,723
Earnings per Common Share	$	0.29		$	0.56		$	0.38		$	0.43
Average common shares outstanding		11,089,839			11,106,367			11,121,426			11,137,004

Summary of Significant Accounting Policies - Additional Information (Detail)			12 Months Ended
	Jan. 01, 2018 USD ($)	Sep. 20, 2017	Dec. 31, 2020 USD ($)	Sep. 30, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Period for federal funds sold outstanding			1 day
Loan non-accrual classification period			90 days
Days to charged consumer loans to the value of the collateral			90 days
Maximum time for re-evaluation (in months)			12 months
Re-evaluation period for real estate			2 years
Amount of fair value of capital over carrying value				$ 57,800,000
Percentage of fair value of capital over carrying value				26.80%
Number of times fair value of capital in excess of carrying value of goodwill description			over 1.2 times
Other real estate owned			$ 71,000		$ 214,000
Percentage of likelihood of realization of recognized tax benefit, minimum			50.00%
Share stock split ratio		2
Net effect on total stockholder's equity due to reclassification of tax effects			$ 249,160,000		$ 230,258,000	$ 143,287,000	$ 134,107,000
Amount of reclassification effect			$ 0
ASU 2018-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Reclassification of tax effects from AOCI due to adoption of new Tax Cuts and Job Acts	$ 359,000
ASU 2018-02 [Member] \| Reclassification Adjustment [Member]
Summary Of Significant Accounting Policies [Line Items]
Net effect on total stockholder's equity due to reclassification of tax effects	$ 0
ASU 2017-04 [Member]
Summary Of Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]			true
Change in Accounting Principle, Accounting Standards Update, Adoption Date			Jan. 01, 2020
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]			true
ASU 2018-13 [Member]
Summary Of Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]			true
Change in Accounting Principle, Accounting Standards Update, Adoption Date			Jan. 01, 2020
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]			true
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Maturity period of cash equivalents			3 months

Summary of Significant Accounting Policies - Components of Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease [Abstract]
Net unrealized gain (loss) on available-for-sale securities	$ 6,091	$ 5,179	$ (1,058)
Reclassification adjustment for (gain) loss on sale of available-for-sale securities	(270)	26	9
Net unrealized gain (loss) on available-for-sale securities	5,821	5,205	(1,049)
Tax expense (benefit)	1,222	1,093	(220)
Other comprehensive income (loss)	$ 4,599	$ 4,112	$ (829)

Business Combination & Asset Purchase - Additional Information (Detail)				3 Months Ended	12 Months Ended
	Nov. 16, 2020 USD ($) shares	Jan. 01, 2019 USD ($) Office $ / shares shares	Dec. 13, 2013 USD ($)	Jun. 30, 2019 Loan	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($) shares	Dec. 31, 2018 USD ($)	Nov. 30, 2020 USD ($) Client	Jan. 01, 2020 USD ($)
Business Acquisition [Line Items]
Common stock, shares outstanding \| shares					12,230,000	12,230,000
Business combination, acquisition related costs						$ 1,280,000	$ 742,100
Business combination, acquisition related costs percentage							98.40%
Recognition of core deposit intangible asset with acquired purchase						$ 3,900,000
Remaining economic useful life						7 years
Goodwill					$ 47,340,000	$ 47,340,000
Fair value of assets acquired					257,200,000
Gross principal and contractual interest					359,200,000
Acquisition expected to be uncollectible					$ 4,700,000
Loan receivable weighted average life					70 months
Business combination, premises and equipment written down value					$ 1,200,000
Business combination, average remaining life					16 years 9 months
Fair value for certificate of deposit, valuation amount					$ 500,000
Fair value for certificate of deposit, amortization period					1 year 6 months
Fair value of Federal Home Loan Bank (FHLB) advances, valuation amount					$ 1,300,000
Fair value of Federal Home Loan Bank (FHLB) advances, amortization period					2 years 3 months 18 days
Fair value adjustment of loans acquired and accounted		$ 2,118,000			$ 0	62,000			$ 62,000
Number of commercial purchased credit impaired loans paid off \| Loan				2
Discount recognized at acquisition related to commercial purchased credit-impaired loans						1,985,000
Amortization expense					720,000	727,000	$ 167,000
Core Deposits [Member] \| Custar [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase			$ 1,170,000
Customer Lists [Member]
Business Acquisition [Line Items]
Amortization expense					$ 16,000
Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs						19,300	340,000
Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs						199,800	331,500
Data Processing [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs						867,600	$ 58,600
Employee Benefits [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs						163,000.0
ATM Expense [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs						31,400
Bank of Geneva [Member]
Business Acquisition [Line Items]
Number of full-service offices \| Office		6
Pro-forma operating revenue, net of tax						7,400,000
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share \| shares		1,830,000
Cash payment for exchange of each share \| $ / shares		$ 8,465.00
Common stock, shares outstanding \| shares		1,000
Share price \| $ / shares		$ 38.49
Total consideration for acquisition		$ 78,902,000
Cash paid for acquisition		8,465,000				$ 8,465,000
Stock issued for acquisition		70,437,000
Goodwill		43,266,000
Limberlost Bancshares, Inc. [Member] \| Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 3,900,000
Remaining economic useful life		7 years
Adams County Financial Resources
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share \| shares	40,049
Total consideration for acquisition	$ 825,000
Stock issued for acquisition	825,000
Assets under management amount								$ 83,000
Number of clients assets under management \| Client								450
Increase to noninterest income	500,000
Adams County Financial Resources \| Customer Lists [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 800,000
Remaining economic useful life	6 years 6 months

Business Combination & Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Detail) - USD ($) $ in Thousands			12 Months Ended
	Nov. 16, 2020	Jan. 01, 2019	Dec. 31, 2019	Dec. 31, 2020
Assets
Goodwill			$ 47,340	$ 47,340
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Cash		$ 8,465	$ 8,465
Common Shares (1,830,000 shares)		70,437
Total		78,902
Assets
Cash and cash equivalents		6,376
Securities - available-for-sale		17,494
Other securities, at cost		2,347
Loans, net		257,183
Premises and equipment		2,538
Goodwill		43,266
Other assets		7,176
Total Assets Purchased		336,380
Deposits
Noninterest bearing		37,822
Interest bearing		168,312
Total deposits		206,134
Federal Home Loan Bank (FHLB) advances		48,196
Accrued expenses and other liabilities		3,148
Total Liabilities Assumed		$ 257,478
Adams County Financial Resources
Business Acquisition [Line Items]
Common Shares (1,830,000 shares)	$ 825
Total	825
Assets
Premises and equipment	25
Total Assets Purchased	825
Customer list intangible	$ 800

Business Combination & Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Parenthetical) (Detail) - shares	Nov. 16, 2020	Jan. 01, 2019
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share		1,830,000
Adams County Financial Resources
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share	40,049

Business Combination & Asset Purchase - Summary of Carrying Amount of Loans (Detail) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2019	Jan. 01, 2019
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 44	$ 44	$ 2,278
Commercial [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment	$ 106	$ 106	4,094
Consumer RE [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment			231
Consumer [Member]
Business Acquisition [Line Items]
Carrying amount, net of fair value adjustment			$ 71

Business Combination & Asset Purchase - Summary of Carrying Amount of Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jan. 01, 2019
Business Combinations [Abstract]
Fair value adjustment	$ 0	$ 62	$ 62	$ 2,118

Business Combination & Asset Purchase - Summary of Loans Acquired and Contractually Required Payments Receivable (Detail) $ in Thousands	Dec. 31, 2019 USD ($)
Business Acquisition [Line Items]
Total required payments receivable	$ 4,570
Cash flows expected to be collected at acquisition	2,788
Basis in acquired loans at acquisition	4,396
Commercial [Member]
Business Acquisition [Line Items]
Total required payments receivable	4,215
Consumer RE [Member]
Business Acquisition [Line Items]
Total required payments receivable	261
Consumer [Member]
Business Acquisition [Line Items]
Total required payments receivable	$ 94

Business Combination & Asset Purchase - Summary of Changes in Accretable Yield or Income Expected to be Collected (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Combinations [Abstract]
Beginning Balance	$ 2,021	$ 2,544
Additions	3	6
Accretion	(427)	(2,426)
Reclassification from nonaccretable difference	62	2,019
Disposals	(6)	(122)
Ending Balance	$ 1,653	$ 2,021

Business Combination & Asset Purchase - Schedule of Pro-forma Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary of Operations
Net Interest Income - Before Provision for Loan Losses	$ 53,547	$ 54,234
Provision for Loan Losses	1,138	579
Net Interest Income After Provision for Loan Losses	52,409	53,655
Noninterest Income	11,820	11,750
Noninterest Expense	40,314	40,517
Income Before Income Taxes	23,915	24,888
Income Taxes	4,484	4,530
Net Income	$ 19,431	$ 20,358
Basic and Diluted Earnings Per Share	$ 1.75	$ 1.83

Business Combination & Asset Purchase - Schedule of Future Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Dec. 31, 2020 USD ($)
Customer Lists [Member]
Business Acquisition [Line Items]
2021	$ 123
2022	123
2023	123
2024	123
2025	123
Thereafter	169
Total	784
Geneva [Member]
Business Acquisition [Line Items]
2021	560
2022	560
2023	560
2024	560
2025	560
Total	$ 2,800

Securities - Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 300,602	$ 220,904
Gross Unrealized Gains	7,350	1,769
Gross Unrealized Losses	(140)	(380)
Fair Value	307,812	222,293
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		10,023
Gross Unrealized Gains		10
Gross Unrealized Losses		(12)
Fair Value		10,021
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	122,514	61,882
Gross Unrealized Gains	1,857	584
Gross Unrealized Losses	(130)	(21)
Fair Value	124,241	62,445
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	110,828	94,998
Gross Unrealized Gains	2,228	426
Gross Unrealized Losses		(227)
Fair Value	113,056	95,197
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	67,260	54,001
Gross Unrealized Gains	3,265	749
Gross Unrealized Losses	(10)	(120)
Fair Value	$ 70,515	$ 54,630

Securities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Realized gains and losses on sales	$ 11.8	$ 11.1	$ 10.1
Investments pledged, carrying value	$ 83.2	$ 88.8
Minimum [Member]
Schedule of Available-for-sale Securities [Line Items]
Underwater security	10 years
Loss position existed	3 years

Securities - Gross Unrealized Losses, Aggregated by Investment Category and Length of Time (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (140)	$ (238)
Fair Value, Less Than Twelve Months	51,893	55,090
Gross Unrealized Losses, Twelve Months and Over		(142)
Fair Value, Twelve Months and Over		27,107
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Twelve Months and Over		(12)
Fair Value, Twelve Months and Over		5,030
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(130)	(16)
Fair Value, Less Than Twelve Months	48,331	10,549
Gross Unrealized Losses, Twelve Months and Over		(5)
Fair Value, Twelve Months and Over		10,745
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months		(102)
Fair Value, Less Than Twelve Months		27,696
Gross Unrealized Losses, Twelve Months and Over		(125)
Fair Value, Twelve Months and Over		11,332
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(10)	(120)
Fair Value, Less Than Twelve Months	$ 3,562	$ 16,845

Securities - Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Available For Sale Securities Gross Realized Gain Loss [Abstract]
Gross realized gains	$ 270	$ 16	$ 51
Gross realized losses		(42)	(60)
Net realized gains (losses)	270	(26)	(9)
Tax expense (benefit) related to net realized gains (losses)	$ 57	$ (5)	$ (2)

Securities - Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 1,044
Amortized Cost, After one year through five years	63,793
Amortized Cost, After five years through ten years	123,275
Amortized Cost, After ten years	1,662
Amortized Cost, Total	189,774
Amortized Cost, Mortgage-backed securities	110,828
Amortized Cost	300,602	$ 220,904
Fair Value, One year or less	1,054
Fair Value, After one year through five years	65,323
Fair Value, After five years through ten years	126,630
Fair Value, After ten years	1,749
Fair Value, Total	194,756
Fair Value, Mortgage-backed securities	113,056
Total, Fair Value	$ 307,812	$ 222,293

Loans - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 7,740,000	$ 4,248,000
Loans	1,305,473,000	1,220,765,000
Allowance for loan losses	13,672,000	7,228,000	$ 6,775,000	$ 6,868,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	189,246,000	$ 135,631,000
Allowance for loan losses	0
Commercial and Industrial [Member] \| PPP Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 36,200,000

Loans - Loans (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans:
Loans - Gross	$ 1,305,473,000	$ 1,220,765,000
Less: Net deferred loan fees and costs	(2,483,000)	(1,766,000)
Loans after net deferred loan fees and costs	1,302,990,000	1,218,999,000
Less: Allowance for loan losses	(13,672,000)	(7,228,000)	$ (6,775,000)	$ (6,868,000)
Loans - Net	1,289,318,000	1,211,771,000
Consumer Real Estate [Member]
Loans:
Loans - Gross	175,588,000	165,349,000
Loans after net deferred loan fees and costs	175,316,000	164,691,000
Agricultural Real Estate [Member]
Loans:
Loans - Gross	189,159,000	199,105,000
Loans after net deferred loan fees and costs	188,826,000	198,859,000
Agricultural [Member]
Loans:
Loans - Gross	94,358,000	111,820,000
Loans after net deferred loan fees and costs	94,490,000	111,949,000
Commercial Real Estate [Member]
Loans:
Loans - Gross	588,825,000	551,309,000
Loans after net deferred loan fees and costs	587,654,000	550,082,000
Commercial and Industrial [Member]
Loans:
Loans - Gross	189,246,000	135,631,000
Loans after net deferred loan fees and costs	188,286,000	135,695,000
Less: Allowance for loan losses	0
Consumer [Member]
Loans:
Loans - Gross	52,540,000	49,237,000
Loans after net deferred loan fees and costs	52,661,000	49,409,000
Other Loan [Member]
Loans:
Loans - Gross	15,757,000	8,314,000
Loans after net deferred loan fees and costs	$ 15,757,000	$ 8,314,000

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) $ in Thousands	Dec. 31, 2020 USD ($)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 128,948
Distribution of variable rate loans by major loan category, Variable Rate	46,640
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	102,993
Distribution of variable rate loans by major loan category, Variable Rate	86,166
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	81,089
Distribution of variable rate loans by major loan category, Variable Rate	13,269
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	456,997
Distribution of variable rate loans by major loan category, Variable Rate	131,828
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	163,688
Distribution of variable rate loans by major loan category, Variable Rate	25,558
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	48,558
Distribution of variable rate loans by major loan category, Variable Rate	3,982
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	15,705
Distribution of variable rate loans by major loan category, Variable Rate	$ 52

Loans - Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 3,727	$ 1,139
Current	1,299,263	1,217,860
Loans after net deferred loan fees and costs	1,302,990	1,218,999
Recorded Investment > 90 Days and Accruing	0	0
30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	322	688
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	941	451
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,464
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,492	425
Current	173,824	164,266
Loans after net deferred loan fees and costs	175,316	164,691
Consumer Real Estate [Member] \| 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	269	355
Consumer Real Estate [Member] \| 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	191	70
Consumer Real Estate [Member] \| Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,032
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	88	107
Current	188,738	198,752
Loans after net deferred loan fees and costs	188,826	198,859
Agricultural Real Estate [Member] \| 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		107
Agricultural Real Estate [Member] \| Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	88
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	176	85
Current	94,314	111,864
Loans after net deferred loan fees and costs	94,490	111,949
Agricultural [Member] \| 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		78
Agricultural [Member] \| 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		7
Agricultural [Member] \| Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	176
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	185
Current	587,469	550,082
Loans after net deferred loan fees and costs	587,654	550,082
Commercial Real Estate [Member] \| Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	185
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,733	468
Current	202,310	143,541
Loans after net deferred loan fees and costs	204,043	144,009
Commercial and Industrial [Member] \| 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		201
Commercial and Industrial [Member] \| 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	750	267
Commercial and Industrial [Member] \| Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	983
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	53	54
Current	52,608	49,355
Loans after net deferred loan fees and costs	52,661	49,409
Consumer [Member] \| 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 53	$ 54

Loans - Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 9,404	$ 3,400
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,546	1,209
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	5,575	88
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	307	1,769
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	665	37
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,296	288
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 15	$ 9

Loans (Tier Risk Rating System) - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment period of loan with a reasonable reduction of principal balance	2 years

Loans - Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,302,990	$ 1,218,999
Performing	148	152
Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,670	4,091
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	48,991	45,318
Performing [Member] \| Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,660	4,076
Performing [Member] \| Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	48,855	44,831
Nonperforming [Member] \| Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	10	15
Nonperforming [Member] \| Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	136	487
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	175,316	164,691
Performing	42	46
Pass [Member] \| Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	171,667	160,930
5 [Member] \| Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,284	415
6 [Member] \| Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,365	$ 3,346

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 5,172	$ 2,420
Impaired loans with a valuation allowance	9,360	641
Total impaired loans	14,532	3,061
Valuation allowance related to impaired loans	1,657	197
Total non-accrual loans	9,404	3,400
Total loans past-due ninety days or more and still accruing	0	0
Average investment in impaired loans	10,234	2,649	$ 1,958
Interest income recognized on impaired loans	269	118	69
Interest income recognized on a cash basis on impaired loans	$ 135	$ 9	$ 17

Loans (Impaired Loans) - Additional Information (Detail) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2020 Loan	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($) Loan	Dec. 31, 2020 USD ($) Contract	Dec. 31, 2019 USD ($) Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Additional funds available to be advanced in connection with impaired loans		$ 750	$ 750	$ 750	$ 750
Impaired loans classified as troubled debt restructured		$ 6,000	$ 6,000	6,000	6,000	$ 956
TDR loans, subsequently defaulted during the period			0			0
Maximum time for re-evaluation (in months)		12 months
Re-evaluation period for real estate		2 years
Unsecured consumer loans, credit card credits and overdraft lines of credit reach		90 days
Delinquent period for charging down consumer loans		120 days
Delinquent period for charging down commercial and agricultural credits		120 days
Foreclosed residential real estate property		$ 71	$ 71	71	71	$ 214
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified \| Contract						1
Foreclosed residential real estate property		71	71	71	71	$ 50
Residential real estate properties foreclosure proceedings		$ 910	$ 910	$ 910	$ 910	$ 383
Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified				4	0	0
TDR impaired loans paid off \| Loan	1
Payment Changes from Monthly Payment to Principal and Interest at Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified \| Contract					2
Payment Changes to Interest Only for Extended Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified \| Contract						4
Lowering of Payment to Match Extended Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified \| Contract						1

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) Contract	Dec. 31, 2019 USD ($) Contract
Consumer Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months \| Contract		1
Pre-Modification Outstanding Recorded Investment		$ 74
Post-Modification Outstanding Recorded Investment		$ 74
Agricultural Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months \| Contract	2
Pre-Modification Outstanding Recorded Investment	$ 5,380
Post-Modification Outstanding Recorded Investment	$ 5,380
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months \| Contract	1	4
Pre-Modification Outstanding Recorded Investment	$ 50	$ 812
Post-Modification Outstanding Recorded Investment	$ 50	$ 812
Agricultural [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months \| Contract	1
Pre-Modification Outstanding Recorded Investment	$ 164
Post-Modification Outstanding Recorded Investment	$ 164
Commercial Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last 12 Months \| Contract	2
Pre-Modification Outstanding Recorded Investment	$ 981
Post-Modification Outstanding Recorded Investment	$ 981

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 5,172	$ 2,420
With a specific allowance recorded, Recorded Investment	9,360	641
Related Allowance	1,657	197
Recorded Investment	14,532	3,061
Average Recorded Investment	10,234	2,649	$ 1,958
Interest Income Recognized	269	118	69
Interest Income Recognized Cash Basis	135	9	$ 17
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	799	648
With no related allowance recorded, Unpaid Principal Balance	799	648
With no related allowance recorded, Average Recorded Investment	738	626
With no related allowance recorded, Interest Income Recognized	22	32
With no related allowance recorded, Interest Income Recognized Cash Basis	10	9
With a specific allowance recorded, Recorded Investment	202	181
With a specific allowance recorded, Unpaid Principal Balance	202	184
Related Allowance	31	30
With a specific allowance recorded, Average Recorded Investment	126	211
With a specific allowance recorded, Interest Income Recognized Cash Basis	3
Recorded Investment	1,001	829
Unpaid Principal Balance	1,001	832
Average Recorded Investment	864	837
Interest Income Recognized	22	32
Interest Income Recognized Cash Basis	13	9
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	1,546
With no related allowance recorded, Unpaid Principal Balance	1,549
With no related allowance recorded, Average Recorded Investment	729	204
With no related allowance recorded, Interest Income Recognized	18
With no related allowance recorded, Interest Income Recognized Cash Basis	12
With a specific allowance recorded, Recorded Investment	5,210
With a specific allowance recorded, Unpaid Principal Balance	5,210
Related Allowance	600
With a specific allowance recorded, Average Recorded Investment	3,175	22
With a specific allowance recorded, Interest Income Recognized	6	1
With a specific allowance recorded, Interest Income Recognized Cash Basis	102
Recorded Investment	6,756
Unpaid Principal Balance	6,759
Average Recorded Investment	3,904	226
Interest Income Recognized	24	1
Interest Income Recognized Cash Basis	114
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	291	491
With no related allowance recorded, Unpaid Principal Balance	291	491
With no related allowance recorded, Average Recorded Investment	392	124
With no related allowance recorded, Interest Income Recognized	3
With no related allowance recorded, Interest Income Recognized Cash Basis	3
With a specific allowance recorded, Recorded Investment	176	200
With a specific allowance recorded, Unpaid Principal Balance	176	200
Related Allowance	116	21
With a specific allowance recorded, Average Recorded Investment	188	29
Recorded Investment	467	691
Unpaid Principal Balance	467	691
Average Recorded Investment	580	153
Interest Income Recognized	3
Interest Income Recognized Cash Basis	3
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	185	299
With no related allowance recorded, Unpaid Principal Balance	185	299
With no related allowance recorded, Average Recorded Investment	195	238
With no related allowance recorded, Interest Income Recognized	13	19
With a specific allowance recorded, Recorded Investment	2,765
With a specific allowance recorded, Unpaid Principal Balance	2,765
Related Allowance	20
With a specific allowance recorded, Average Recorded Investment	2,524
With a specific allowance recorded, Interest Income Recognized	128
Recorded Investment	2,950	299
Unpaid Principal Balance	2,950	299
Average Recorded Investment	2,719	238
Interest Income Recognized	141	19
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,328	982
With no related allowance recorded, Unpaid Principal Balance	2,328	982
With no related allowance recorded, Average Recorded Investment	1,222	637
With no related allowance recorded, Interest Income Recognized	26	66
With no related allowance recorded, Interest Income Recognized Cash Basis	5
With a specific allowance recorded, Recorded Investment	1,007	227
With a specific allowance recorded, Unpaid Principal Balance	1,007	377
Related Allowance	890	142
With a specific allowance recorded, Average Recorded Investment	916	555
With a specific allowance recorded, Interest Income Recognized	52
Recorded Investment	3,335	1,209
Unpaid Principal Balance	3,335	1,359
Average Recorded Investment	2,138	1,192
Interest Income Recognized	78	66
Interest Income Recognized Cash Basis	5
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	23
With no related allowance recorded, Unpaid Principal Balance	23
With no related allowance recorded, Average Recorded Investment	16
With a specific allowance recorded, Recorded Investment		33
With a specific allowance recorded, Unpaid Principal Balance		33
Related Allowance		4
With a specific allowance recorded, Average Recorded Investment	11	3
With a specific allowance recorded, Interest Income Recognized	1
Recorded Investment	23	33
Unpaid Principal Balance	23	33
Average Recorded Investment	27	$ 3
Interest Income Recognized	$ 1

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses
Balance at beginning of year				$ 7,228				$ 6,775	$ 7,228	$ 6,775	$ 6,868
Provision for loan losses	$ 1,995	$ 1,987	$ 1,569	$ 1,430	$ 728	$ 247	$ 133	$ 30	6,981	1,138	324
Loans charged off									(720)	(841)	(580)
Recoveries									183	156	163
Balance at ending of year	13,672				7,228				13,672	7,228	6,775
Allowance for Unfunded Loan Commitments & Letters of Credit	641				479				641	479	274
Total Allowance for Credit Losses	$ 14,313				$ 7,707				$ 14,313	$ 7,707	$ 7,049

Loans - Analysis of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				$ 7,707				$ 7,049	$ 7,707	$ 7,049
Charge Offs									(720)	(841)	$ (580)
Recoveries									183	156	163
Provision (Credit)	$ 1,995	$ 1,987	$ 1,569	1,430	$ 728	$ 247	$ 133	30	6,981	1,138	324
Other Non-interest expense related to unfunded									162	205
Ending Balance	14,313				7,707				14,313	7,707	7,049
Ending balance: individually evaluated for impairment	1,657				197				1,657	197
Ending balance: collectively evaluated for impairment	12,656				7,510				12,656	7,510
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	1,302,990				1,218,999				1,302,990	1,218,999
Ending balance: individually evaluated for impairment	14,532				3,061				14,532	3,061
Ending balance: collectively evaluated for impairment	1,288,310				1,215,786				1,288,310	1,215,786
Ending balance: loans acquired with deteriorated credit quality	148				152				148	152
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				311				247	311	247
Charge Offs									(35)	(98)
Recoveries									9
Provision (Credit)									348	162
Ending Balance	633				311				633	311	247
Ending balance: individually evaluated for impairment	31				30				31	30
Ending balance: collectively evaluated for impairment	602				281				602	281
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	175,316				164,691				175,316	164,691
Ending balance: individually evaluated for impairment	1,001				829				1,001	829
Ending balance: collectively evaluated for impairment	174,273				163,816				174,273	163,816
Ending balance: loans acquired with deteriorated credit quality	42				46				42	46
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				314				250	314	250
Provision (Credit)									644	64
Ending Balance	958				314				958	314	250
Ending balance: individually evaluated for impairment	600								600
Ending balance: collectively evaluated for impairment	358				314				358	314
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	188,826				198,859				188,826	198,859
Ending balance: individually evaluated for impairment	6,756								6,756
Ending balance: collectively evaluated for impairment	182,070				198,859				182,070	198,859
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				691				768	691	768
Charge Offs										(37)
Recoveries										3
Provision (Credit)									10	(43)
Ending Balance	701				691				701	691	768
Ending balance: individually evaluated for impairment	116				21				116	21
Ending balance: collectively evaluated for impairment	585				670				585	670
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	94,490				111,949				94,490	111,949
Ending balance: individually evaluated for impairment	467				691				467	691
Ending balance: collectively evaluated for impairment	94,023				111,258				94,023	111,258
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				3,634				3,217	3,634	3,217
Charge Offs									(8)
Recoveries									10	11
Provision (Credit)									3,779	406
Ending Balance	7,415				3,634				7,415	3,634	3,217
Ending balance: individually evaluated for impairment	20								20
Ending balance: collectively evaluated for impairment	7,395				3,634				7,395	3,634
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	587,654				550,082				587,654	550,082
Ending balance: individually evaluated for impairment	2,950				299				2,950	299
Ending balance: collectively evaluated for impairment	584,704				549,783				584,704	549,783
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				1,727				1,305	1,727	1,305
Charge Offs									(297)	(215)
Recoveries									24	22
Provision (Credit)									1,892	615
Ending Balance	3,346				1,727				3,346	1,727	1,305
Ending balance: individually evaluated for impairment	890				142				890	142
Ending balance: collectively evaluated for impairment	2,456				1,585				2,456	1,585
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	204,043				144,009				204,043	144,009
Ending balance: individually evaluated for impairment	3,335				1,209				3,335	1,209
Ending balance: collectively evaluated for impairment	200,602				142,694				200,602	142,694
Ending balance: loans acquired with deteriorated credit quality	106				106				106	106
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				551				484	551	484
Charge Offs									(380)	(491)
Recoveries									140	120
Provision (Credit)									295	438
Ending Balance	606				551				606	551	484
Ending balance: individually evaluated for impairment					4					4
Ending balance: collectively evaluated for impairment	606				547				606	547
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
FINANCING RECEIVABLES:
Ending balance	52,661				49,409				52,661	49,409
Ending balance: individually evaluated for impairment	23				33				23	33
Ending balance: collectively evaluated for impairment	52,638				49,376				52,638	49,376
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance								504		504
Provision (Credit)									13	(504)
Ending Balance	13								13		504
Ending balance: collectively evaluated for impairment	13								13
Ending balance: loans acquired with deteriorated credit quality	0				0				0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance				$ 479				$ 274	479	274
Other Non-interest expense related to unfunded									162	205
Ending Balance	641				479				641	479	$ 274
Ending balance: collectively evaluated for impairment	641				479				641	479
Ending balance: loans acquired with deteriorated credit quality	$ 0				$ 0				$ 0	$ 0

Premises and Equipment - Major Categories of Banking Premises and Equipment and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	$ 58,022	$ 57,841
Less: Accumulated depreciation	(30,959)	(31,558)
Premises and Equipment (Net)	27,063	26,283
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	6,951	6,951
Buildings [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	30,124	28,845
Furnishings [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment (Gross)	$ 20,947	$ 22,045

Premises and Equipment - Major Categories of Banking Premises and Equipment and Accumulated Depreciation (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2020
Buildings [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Buildings [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	39 years
Furnishings [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Furnishings [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years

Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation Expenses	$ 2,500	$ 2,300	$ 1,700
Construction in Progress	$ 0	$ 68

Servicing - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Transfers And Servicing [Abstract]
Loans serviced for others unpaid principal amount	$ 377.5	$ 303.9
Capitalized service right assets included in other assets	3.3	2.6
Fair market value of the capitalized servicing rights	$ 3.5	$ 2.9
Prepayment rate	24.10%	14.10%
Discount yield	2.38%	5.42%

Servicing - Summary of Mortgage Servicing Rights Capitalized and Amortized (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Servicing Assets at Fair Value [Line Items]
Beginning of Year	$ 2,629
End of Year	3,320	$ 2,629
Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning of Year	2,629	2,385
Capitalized Additions	1,722	731
Amortization	(1,031)	(487)
Valuation Allowance	0	0
End of Year	$ 3,320	$ 2,629

Deposits - Time Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
Time deposits under $250,000	$ 215,515	$ 237,520
Time deposits of $250,000 or more	32,038	39,043
Total	$ 247,553	$ 276,563

Deposits - Scheduled Maturities for Time Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Maturities Of Time Deposits [Abstract]
2021	$ 131,867
2022	72,542
2023	20,430
2024	8,292
2025	13,942
Thereafter	480
Total	$ 247,553	$ 276,563

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fees And Commissions Income [Abstract]
Securities to be used as collateral for the underlying repurchase agreements	$ 34,000,000.0	$ 40,200,000
Federal funds purchased	0	$ 17,800,000
Securities sold under agreements to repurchase	$ 30,200,000

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase - Daily Securities Sold under Agreement to Repurchase (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amount Outstanding at End of Period	$ 30,200
Daily Securities Sold Under Agreement to Repurchase [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amount Outstanding at End of Period	$ 1,899	$ 1,814
Weighted Average Rate End of Period	1.08%	1.08%
Maximum Amount Borrowings Outstanding Month End	$ 2,568	$ 1,864
Approximate Average Outstanding in Period	$ 1,765	$ 1,302
Approximate Weighted Average Interest Rate For the Period	1.00%	0.65%
Term CDs Sold Under Agreement to Repurchase [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amount Outstanding at End of Period	$ 28,340	$ 28,416
Weighted Average Rate End of Period	1.00%	1.39%
Maximum Amount Borrowings Outstanding Month End	$ 29,261	$ 28,416
Approximate Average Outstanding in Period	$ 28,379	$ 26,421
Approximate Weighted Average Interest Rate For the Period	2.52%	2.33%

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase - Schedule of Remaining Contractual Maturity in Repurchase Agreements and Collateral Pledged (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 30,200
Total	30,239	$ 48,073
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	30,239
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	1,899
Overnight & Continuous [Member] \| US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,899
30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	3,900
30-90 Days [Member] \| US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	3,900
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	24,440
Greater Than 90 Days [Member] \| US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 24,440

Federal Home Loan Bank Advances - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Total borrowings excluding for fair value related to acquisition	$ 18,026,000	$ 25,500,000
Total borrowings, fair value related to acquisition	164,000	700
Unsecured borrowings through correspondent banks	148,100,000	148,100,000
Unpledged securities which could be sold or used as collateral	206,700,000	116,300,000
Additional borrowings available from the Federal Home Loan Bank based on current pledging	7,400,000	1,600,000
Mortgage Loans at Cost [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances, secured by mortgage loans	$ 38,000,000.0	$ 42,100,000

Federal Home Loan Bank Advances - Schedule of Maturities of Borrowings Exclusive of Fair Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Federal Home Loan Banks [Abstract]
2022	$ 1,546
2023	1,500
2024	11,500
2025	1,500
Thereafter	1,980
Total	$ 18,026	$ 25,500

Income Taxes - Components of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current:
Federal									$ 6,289	$ 4,005	$ 2,755
State									513	63	75
Total current									6,802	4,068	2,830
Deferred:
Federal									(1,596)	227	472
State									(95)	65	(1)
Total deferred									(1,691)	292	471
Total Income Tax	$ 1,691	$ 1,287	$ 1,161	$ 972	$ 1,129	$ 959	$ 1,548	$ 724	$ 5,111	$ 4,360	$ 3,301

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate to the Effective Tax Rate (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Federal income tax at statutory rates									$ 5,294	$ 4,780	$ 3,832
(Decrease) increase resulting from:
State income tax, net of federal benefit									330	101	59
Tax exempt interest									(146)	(170)	(220)
Section 831 deduction									(266)	(268)	(236)
Other									(101)	(83)	(134)
Total Income Tax	$ 1,691	$ 1,287	$ 1,161	$ 972	$ 1,129	$ 959	$ 1,548	$ 724	$ 5,111	$ 4,360	$ 3,301

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets:
Allowance for loan losses	$ 3,128	$ 1,719
Deferred compensation	537	472
Net unrealized loss on available-for-sale securities		292
Other	142	32
Total deferred tax assets	3,807	2,515
Deferred Tax Liabilities:
Accreted discounts on bonds	4	43
Depreciation	878	754
FHLB stock dividends	481	491
Intangible amortization	1,144	1,218
Mortgage servicing rights	725	586
Net unrealized gain on available-for-sale securities	1,514
Prepaids	525	542
Other	5	235
Total deferred tax liabilities	5,276	3,869
Net Deferred Tax (Liability)	$ (1,469)	$ (1,354)

Employee Benefit Plans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020 USD ($) Employee shares	Dec. 31, 2019 USD ($) Employee shares	Dec. 31, 2018 USD ($) Employee shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum percentage of eligible compensation on a pre-tax basis for eligible employees to save	1.00%
Employee contribution matching percentage	50.00%
Percentage of total eligible compensation, contribution by Bank, maximum limit	4.00%
Vesting percentage in participant's deferral contributions and employer matching contributions	100.00%
Vesting period	6 years
Employer matching contribution and the discretionary contribution \| $	$ 1,000,000.0	$ 1,200,000	$ 1,100,000
Restricted stock awards, shares issued	37,382	38,100	33,000
Awards grants originated in 2016, 2017 and 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock \| Employee		3
Four employees received shares from awards granted due to retirement		14,300
Awards grants originated in 2019, 2018 and 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock \| Employee	1
Number of shares vested	1,050
Awards grants originated in 2017, 2018 and 2019 and 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock \| Employee	8
Number of shares vested	10,890
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted stock awards, shares issued	37,382	38,100	33,000
Stock issued to number of employees \| Employee	92	94	80
Shares vest under the plan	100.00%	100.00%	100.00%
Shares forfeited due to employee termination	2,175	3,220	2,620
Number of shares vested	35,431	40,370	28,790
Number of employees, received the stock \| Employee	57	63	56
Number of shares vested	10,890	14,300
Compensation expense \| $	$ 1,000,000.0	$ 1,100	$ 745,000
Unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan \| $	$ 1,300,000
Unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan, period for recognition	3 years
Restricted Stock Awards [Member] \| 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested			28,790
Restricted Stock Awards [Member] \| 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested	1,600
Number of employees, received the stock \| Employee	3
Restricted Stock Awards [Member] \| 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested		26,070
Restricted Stock Awards [Member] \| 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested	21,340
Number of employees, received the stock \| Employee	53
Restricted Stock Awards [Member] \| Immediate Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees, received the stock \| Employee	1
Number of shares vested	551,000

Employee Benefit Plans - Summary of Restricted Shares Issued, Vested and Forfeited (Detail)	12 Months Ended
	Dec. 31, 2020 Employee shares	Dec. 31, 2019 Employee shares	Dec. 31, 2018 Employee shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, shares issued	37,382	38,100	33,000
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, shares issued	37,382	38,100	33,000
Restricted shares vested	23,491	26,070	28,790
Restricted shares awarded due to retirement	10,890	14,300
Restricted shares awarded for other	1,050
Restricted shares forfeited	2,175	3,220	2,620
Restricted shares issued \| Employee	92	94	80
Restricted shares vested \| Employee	57	63	56
Restricted shares awarded due to retirement \| Employee	8	3
Restricted shares awarded for other \| Employee	1
Restricted shares forfeited \| Employee	5	4	5

Employee Benefit Plans - Activity of Restricted Stock Awards (Detail) - Restricted Stock Awards [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Beginning of period	88,450	93,940	92,350
Number of Shares, Granted	37,382	38,100	33,000
Number of Shares, Vested	(35,431)	(40,370)	(28,790)
Number of Shares, Forfeited	(2,175)	(3,220)	(2,620)
Number of Shares, Nonvested, end of period	88,226	88,450	93,940
Weighted average fair value per award, Beginning of period	$ 31.52	$ 29.87	$ 19.17
Weighted average fair value per award, Granted	21.80	25.14	44.63
Weighted average fair value per award, Vested	29.27	21.76	13.18
Weighted average fair value per award, Forfeited	21.92	30.12	44.04
Weighted average fair value per award, Nonvested, end of period	$ 28.40	$ 31.52	$ 29.87

Earnings Per Share - Additional Information (Detail) - USD ($)	Nov. 20, 2020	Jun. 05, 2020
Earnings Per Share [Abstract]
Compensation annual basis committee award		$ 4,000
Number of directors received shares	20	176

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net income	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 4,723	$ 4,275	$ 6,180	$ 3,224	$ 20,095	$ 18,402	$ 14,949
Less: distributed earnings allocated to participating securities									(57)	(51)	(52)
Less: undistributed earnings allocated to participating securities									(96)	(87)	(98)
Net earnings available to common shareholders									$ 19,942	$ 18,264	$ 14,799
Weighted average common shares outstanding including participating securities									11,146,270	11,113,810	9,272,964
Less: average unvested restricted shares									(84,879)	(83,369)	(93,000)
Weighted average common shares outstanding	11,177,765	11,142,797	11,129,341	11,134,870	11,137,004	11,121,426	11,106,367	11,089,839	11,061,391	11,030,441	9,179,964
Basic and diluted earnings per share	$ 0.60	$ 0.40	$ 0.43	$ 0.37	$ 0.43	$ 0.38	$ 0.56	$ 0.29	$ 1.80	$ 1.66	$ 1.61

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1377-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

+ Details

Related Party Transactions - Additional Information (Detail) - Directors and Executive Officers [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) SecurityLoan	Dec. 31, 2019 USD ($)
Related Party Transaction [Line Items]
Granted loans to affiliate companies	$ 1,400	$ 1,300
Subsequent advances	9,400
Payment received	9,300
Difference in related borrowings amounts	124
Ownership interest amount	$ 38,300	$ 33,700
Number of new loans approved \| SecurityLoan	1

Off Balance Sheet Activities - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Allowance for credit losses relates to unfunded loan commitments	$ 641	$ 479

Off Balance Sheet Activities - Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Standby letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration of Risk	$ 2,021	$ 1,345
Commitments to extend credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration of Risk	456,299	394,437
Credit card arrangements [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration of Risk	$ 22,903	$ 20,695

Minimum Regulatory Capital Requirements - Additional Information (Detail)	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum ratio of capital to risk-weighted assets	8.00	8.00	8.0
Minimum ratio of capital to risk-weighted assets including capital conservation buffer			10.50%
Minimum leverage ratio calculated as ratio of Tier 1 capital to average quarterly assets	9.08	10.02	4.0
Common Equity Tier 1 Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum ratio of capital to risk-weighted assets			4.5
Capital conservation buffer			2.50%
Minimum ratio of capital to risk-weighted assets including capital conservation buffer			7.00%
Tier 1 Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum ratio of capital to risk-weighted assets			6.0
Minimum ratio of capital to risk-weighted assets including capital conservation buffer			8.50%

Minimum Regulatory Capital Requirements - Summary of Bank's Actual and Required Capital Amounts and Ratios (Detail) $ in Thousands	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jan. 01, 2019
Federal Home Loan Banks [Abstract]
Common Equity Tier 1 Capital to Risk Weighted Assets Actual, Amount	$ 164,322	$ 152,855
Total Risk-Based Capital to Risk Weighted Assets Actual, Amount	178,635	160,562
Tier 1 Capital to Risk Weighted Assets Actual, Amount	164,322	152,855
Tier 1 leverage Capital to Adjusted Total Assets Actual, Amount	$ 164,322	$ 152,855
Common Equity Tier 1 Capital to Risk Weighted Assets Actual, Ratio	11.63%	11.71%
Total Risk-Based Capital to Risk Weighted Assets Actual, Ratio	12.64	12.30
Tier 1 Capital to Risk Weighted Assets Actual, Ratio	11.63	11.71
Tier 1 leverage Capital to Adjusted Total Assets Actual, Ratio	9.08	10.02	4.0
Common Equity Tier 1 Capital For Capital Adequacy Purposes, Amount	$ 63,542	$ 58,725
Total Risk-Based Capital to Risk Weighted Assets For Capital Adequacy Purposes, Amount	113,032	104,400
Tier 1 Capital to Risk Weighted Assets For Capital Adequacy Purposes, Amount	84,774	78,300
Tier 1 leverage Capital to Adjusted Total Assets For Capital Adequacy Purposes, Amount	$ 72,419	$ 61,050
Common Equity Tier 1 Capital to Risk Weighted Assets For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Total Risk-Based Capital to Risk Weighted Assets For Capital Adequacy Purposes, Ratio	8.00	8.00	8.0
Tier 1 Capital to Risk Weighted Assets For Capital Adequacy Purposes, Ratio	6.00	6.00
Tier 1 leverage Capital to Adjusted Total Assets For Capital Adequacy Purposes, Ratio	4.00	4.00
Common Equity Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 91,783	$ 84,825
Total Risk-Based Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	141,290	130,500
Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	113,032	104,400
Tier 1 leverage Capital to Adjusted Total Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 90,524	$ 76,312
Common Equity Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Total Risk-Based Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	10.00	10.00
Tier 1 Capital to Risk Weighted Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	8.00	8.00
Tier 1 leverage Capital to Adjusted Total Assets To Be Well Capitalized Under the Prompt Corrective Action Provisions, Ratio	5.00	5.00

Restrictions of Dividends & Inter-company Borrowings - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Equity [Abstract]
Dividends may be paid without prior regulatory approval	$ 24.5

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financial Assets:
Securities - available-for-sale	$ 307,812	$ 222,293
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	175,706	51,296
Interest-bearing time deposits	4,653	4,309
Securities - available-for-sale	307,812	222,293
Other securities	5,939	5,810
Loans held for sale	7,740	4,248
Loans, net	1,289,318	1,211,771
Interest receivable	6,188	6,769
Financial Liabilities:
Total Deposits	1,596,162	1,288,347
Fed funds purchased and securities sold under agreement to repurchase	30,239	48,073
Federal Home Loan Bank advances	17,861	24,806
Interest payable	338	754
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	175,706	51,296
Interest-bearing time deposits	4,677	4,331
Securities - available-for-sale	307,812	222,293
Other securities	5,939	5,810
Loans held for sale	7,740	4,248
Loans, net	1,261,440	1,188,014
Interest receivable	6,188	6,769
Financial Liabilities:
Total Deposits	1,605,890	1,288,792
Fed funds purchased and securities sold under agreement to repurchase	30,239	48,073
Federal Home Loan Bank advances	17,872	24,811
Interest payable	338	754
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	175,706	51,296
Securities - available-for-sale		10,021
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	4,677	4,331
Securities - available-for-sale	306,250	210,782
Financial Liabilities:
Total Deposits	351,147	265,156
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	1,562	1,490
Other securities	5,939	5,810
Loans held for sale	7,740	4,248
Loans, net	1,261,440	1,188,014
Interest receivable	6,188	6,769
Financial Liabilities:
Total Deposits	1,254,743	1,023,636
Fed funds purchased and securities sold under agreement to repurchase	30,239	48,073
Federal Home Loan Bank advances	17,872	24,811
Interest payable	338	754
Interest Bearing Deposits [Member] \| Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	997,462	746,628
Interest Bearing Deposits [Member] \| Fair Value [Member]
Financial Liabilities:
Total Deposits	1,004,608	746,628
Interest Bearing Deposits [Member] \| Level 3 [Member]
Financial Liabilities:
Total Deposits	1,004,608	746,628
Non Interest Bearing Deposits [Member] \| Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	351,147	265,156
Non Interest Bearing Deposits [Member] \| Fair Value [Member]
Financial Liabilities:
Total Deposits	351,147	265,156
Non Interest Bearing Deposits [Member] \| Level 2 [Member]
Financial Liabilities:
Total Deposits	351,147	265,156
Time Deposits [Member] \| Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	247,553	276,563
Time Deposits [Member] \| Fair Value [Member]
Financial Liabilities:
Total Deposits	250,135	277,008
Time Deposits [Member] \| Level 3 [Member]
Financial Liabilities:
Total Deposits	$ 250,135	$ 277,008

Fair Value of Financial Instruments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 307,812	$ 222,293
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale		10,021
Level 1 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale		10,021
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	306,250	210,782
Level 2 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	306,250	210,782
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,562	1,490
Level 3 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,562	1,490
U.S. Treasury [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale		10,021
U.S. Treasury [Member] \| Level 1 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale		10,021
U.S. Government Agencies [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	124,241	62,445
U.S. Government Agencies [Member] \| Level 2 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	124,241	62,445
Mortgage-backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	113,056	95,197
Mortgage-backed Securities [Member] \| Level 2 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	113,056	95,197
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	70,515	54,630
State and Local Governments [Member] \| Level 2 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	68,953	53,140
State and Local Governments [Member] \| Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,562	1,490
State and Local Governments [Member] \| Level 3 [Member] \| Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 1,562	$ 1,490

Fair Value of Financial Instruments - Changes in the Level 3 Fair Value Category of Unobservable Inputs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 1,490	$ 1,427
Change in Market Value	72	63
Purchases	0	0
Sales	0	0
Payments & Maturities	0	0
Ending Balance	1,562	1,490
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,490	1,427
Change in Market Value	72	63
Purchases	0	0
Sales	0	0
Payments & Maturities	0	0
Ending Balance	$ 1,562	$ 1,490

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer of assets into or out of level 3	$ 0	$ 0
Transfer of liabilities into or out of level 3	0	0
Collateral dependent impaired loans categorized as Level 3	14,532,000	3,061,000
Specific allocation for collateral dependent impaired loans	1,657,000	197,000
Asset impairment charges	0
Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Specific allocation for collateral dependent impaired loans	1,657,000	197,000
Level 3 [Member] \| Collateral Dependent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 7,703,000	$ 444,000

Fair Value of Financial Instruments - Collateral Dependent Impaired Loans and Other Real Estate (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 71	$ 214
Collateral Dependent Impaired Loans [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	7,703	444
Other Real Estate Owned-Commercial [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total		164
Fair Value on Nonrecurring Basis [Member] \| Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	7,703	444
Fair Value on Nonrecurring Basis [Member] \| Collateral Dependent Impaired Loans [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 7,703	444
Fair Value on Nonrecurring Basis [Member] \| Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total		164
Fair Value on Nonrecurring Basis [Member] \| Other Real Estate Owned-Commercial [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total		$ 164

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 307,812	$ 222,293
Fair Value	71	214
State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	70,515	54,630
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,562	1,490
Level 3 [Member] \| State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 1,562	$ 1,490
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Unobservable Inputs	us-gaap:MeasurementInputDiscountRateMember	us-gaap:MeasurementInputDiscountRateMember
Level 3 [Member] \| Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 7,703	$ 444
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	fmao:MeasurementInputCollateralBasedPriceMember	fmao:MeasurementInputCollateralBasedPriceMember
Level 3 [Member] \| Minimum [Member] \| State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.19	0
Level 3 [Member] \| Minimum [Member] \| Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	0.71	0
Level 3 [Member] \| Maximum [Member] \| State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.19	5
Level 3 [Member] \| Maximum [Member] \| Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	100	50
Level 3 [Member] \| Weighted Average [Member] \| State and Local Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	1.19	2.52
Level 3 [Member] \| Weighted Average [Member] \| Collateral Dependent Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	17.71	30.73
Level 3 [Member] \| Other Real Estate Owned-Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 164
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	us-gaap:MeasurementInputAppraisedValueMember	us-gaap:MeasurementInputAppraisedValueMember
Level 3 [Member] \| Other Real Estate Owned-Commercial [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate		0
Level 3 [Member] \| Other Real Estate Owned-Commercial [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate		20
Level 3 [Member] \| Other Real Estate Owned-Commercial [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate		23.31

Condensed Financial Statements of Parent Company - Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related party receivables:
Total Assets	$ 1,909,544	$ 1,607,330
Liabilities
Dividends payable	1,889	1,768
Total liabilities	1,660,384	1,377,072
Stockholders' Equity	249,160	230,258	$ 143,287	$ 134,107
Total Liabilities and Stockholders' Equity	1,909,544	1,607,330
Farmers & Merchants State Bank [Member]
Assets
Cash	5,763	2,281
Related party receivables:
Dividends and accounts receivable from subsidiary	3,380	4,080
Accrued interest receivable - municipals	91	75
Securities - municipals	17,885	17,196
Certificate of deposits	1,727	1,974
Investment in subsidiaries	222,423	206,553
Total Assets	251,269	232,159
Liabilities
Accrued expenses	220	133
Dividends payable	1,889	1,768
Total liabilities	2,109	1,901
Stockholders' Equity	249,160	230,258
Total Liabilities and Stockholders' Equity	$ 251,269	$ 232,159

Condensed Financial Statements of Parent Company - Statements of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income
Interest - municipals / certificates of deposit									$ 1,079	$ 837	$ 1,095
Loss on sales of available-for-sale securities									270	(26)	(9)
Total interest income	$ 18,139	$ 17,293	$ 17,273	$ 17,464	$ 17,149	$ 17,012	$ 18,283	$ 15,862	70,169	68,306	46,429
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries	8,467	5,697	5,965	5,077	5,852	5,234	7,728	3,948
Income Taxes (Benefit)	1,691	1,287	1,161	972	1,129	959	1,548	724	5,111	4,360	3,301
Net Income	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 4,723	$ 4,275	$ 6,180	$ 3,224	20,095	18,402	14,949
Other Comprehensive Income (Loss):
Comprehensive Income									24,694	22,514	14,120
Farmers & Merchants State Bank [Member]
Income
Dividends from subsidiaries									8,800	13,137	8,350
Interest - municipals / certificates of deposit									382	374	389
Loss on sales of available-for-sale securities											(19)
Total interest income									9,182	13,511	8,720
Operating Expenses									923	999	1,020
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries									8,259	12,512	7,700
Income Taxes (Benefit)									(184)	(166)	(362)
Income from operation before equity in undistributed earnings of subsidiary									8,443	12,678	8,062
Equity in undistributed earnings of subsidiaries									11,652	5,724	6,887
Net Income									20,095	18,402	14,949
Other Comprehensive Income (Loss):
Unrealized gains (losses) on securities									4,599	4,112	(829)
Comprehensive Income									$ 24,694	$ 22,514	$ 14,120

Condensed Financial Statements of Parent Company - Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net income	$ 20,095	$ 18,402	$ 14,949
Adjustments to reconcile net income to net cash provided by operating activities:
Other assets and liabilities	(573)	5,951	(7,466)
Net cash provided by operating activities	27,382	23,931	10,737
Activity in available-for-sale securities:
Maturities, prepayments and calls	91,003	67,071	29,691
Sales	11,843	11,100	10,081
Purchases	(183,563)	(110,166)	(13,866)
Net cash provided by (used in) investing activities	(177,724)	(149,316)	1,471
Cash Flows from Financing Activities
Payment of dividends	(7,186)	(6,345)	(4,956)
Purchase of treasury stock	(383)	(381)	(490)
Net cash provided by (used in) financing activities	274,752	138,316	(8,310)
Net Increase in Cash and Cash Equivalents	124,410	12,931	3,898
Cash and Cash Equivalents - Beginning of Year	51,296	38,365	34,467
Cash and Cash Equivalents - End of Year	175,706	51,296	38,365
Farmers & Merchants State Bank [Member]
Cash Flows from Operating Activities
Net income	20,095	18,402	14,949
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income	(11,652)	(5,724)	(6,887)
Net amortization of securities	154	99	190
Other assets and liabilities	2,814	(1,604)	(6,991)
Net cash provided by operating activities	11,411	11,173	1,261
Activity in available-for-sale securities:
Maturities, prepayments and calls	385	7,060	5,030
Sales		500	3,300
Purchases	(745)	(11,453)	(2,695)
Net cash provided by (used in) investing activities	(360)	(3,893)	5,635
Cash Flows from Financing Activities
Payment of dividends	(7,186)	(6,345)	(4,956)
Purchase of treasury stock	(383)	(381)	(490)
Net cash provided by (used in) financing activities	(7,569)	(6,726)	(5,446)
Net Increase in Cash and Cash Equivalents	3,482	554	1,450
Cash and Cash Equivalents - Beginning of Year	2,281	1,727	277
Cash and Cash Equivalents - End of Year	$ 5,763	$ 2,281	$ 1,727

Quarterly Financial Data - Summary of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary of Income:
Interest income	$ 18,139	$ 17,293	$ 17,273	$ 17,464	$ 17,149	$ 17,012	$ 18,283	$ 15,862	$ 70,169	$ 68,306	$ 46,429
Interest expense	2,015	2,269	2,698	3,411	3,813	4,112	3,749	3,085	10,393	14,759	6,572
Net Interest Income Before Provision for Loan Losses	16,124	15,024	14,575	14,053	13,336	12,900	14,534	12,777	59,776	53,547	39,857
Provision for loan loss	1,995	1,987	1,569	1,430	728	247	133	30	6,981	1,138	324
Net Interest Income After Provision for Loan Losses	14,129	13,037	13,006	12,623	12,608	12,653	14,401	12,747	52,795	52,409	39,533
Other income (expense)	(5,662)	(7,340)	(7,041)	(7,546)	(6,756)	(7,419)	(6,673)	(8,799)
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries	8,467	5,697	5,965	5,077	5,852	5,234	7,728	3,948
Income Taxes	1,691	1,287	1,161	972	1,129	959	1,548	724	5,111	4,360	3,301
Net Income	$ 6,776	$ 4,410	$ 4,804	$ 4,105	$ 4,723	$ 4,275	$ 6,180	$ 3,224	$ 20,095	$ 18,402	$ 14,949
Earnings per Common Share	$ 0.60	$ 0.40	$ 0.43	$ 0.37	$ 0.43	$ 0.38	$ 0.56	$ 0.29	$ 1.80	$ 1.66	$ 1.61
Average common shares outstanding	11,177,765	11,142,797	11,129,341	11,134,870	11,137,004	11,121,426	11,106,367	11,089,839	11,061,391	11,030,441	9,179,964

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Millions	Dec. 21, 2020 USD ($) Office $ / shares	Dec. 31, 2021 Office	Jan. 15, 2021 shares	Dec. 31, 2020 shares	Sep. 30, 2020 USD ($) Office	Dec. 31, 2019 shares
Subsequent Event [Line Items]
Common stock, shares outstanding \| shares				12,230,000		12,230,000
Forecast [Member]
Subsequent Event [Line Items]
Number of offices as part of strategic plan \| Office		4
F&M [Member]
Subsequent Event [Line Items]
Loans	$ 445.0
Deposits	$ 462.0
Number of office operates \| Office	11
Maximum [Member] \| Subsequent Event [Member] \| Board of Directors [Member]
Subsequent Event [Line Items]
Common stock, shares outstanding \| shares			500,000
Ossian Financial Services, Inc [Member]
Subsequent Event [Line Items]
Assets					$ 122.0
Loans					58.0
Deposits					108.0
Consolidated equity					$ 11.9
Aggregate cash consideration	$ 20.0
Share price \| $ / shares	$ 67.71
Ossian Financial Services, Inc [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Total consideration for acquisition	$ 12.0
Ossian Financial Services, Inc [Member] \| Northeast Indiana [Member]
Subsequent Event [Line Items]
Number of operate full service offices \| Office					2

Loans - Contractual Maturity Schedule by Major Category of Loans Excluding Fair Value Adjustments (Detail) $ in Thousands	Dec. 31, 2020 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	$ 1,306,425
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	175,643
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	189,780
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	94,361
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	588,937
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	189,431
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	52,519
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	15,754
Major Category Of Receivables Due Within One Year [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	151,196
Major Category Of Receivables Due Within One Year [Member] \| Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	5,810
Major Category Of Receivables Due Within One Year [Member] \| Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	5,612
Major Category Of Receivables Due Within One Year [Member] \| Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	53,083
Major Category Of Receivables Due Within One Year [Member] \| Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	21,532
Major Category Of Receivables Due Within One Year [Member] \| Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	61,416
Major Category Of Receivables Due Within One Year [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	1,520
Major Category Of Receivables Due Within One Year [Member] \| Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	2,223
Major Category Of Receivables Due Within One Year to Five Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	518,858
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	31,538
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	4,045
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	27,835
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	307,834
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	109,373
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	38,099
Major Category Of Receivables Due Within One Year to Five Years [Member] \| Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	134
Major Category Of Receivables Over Five Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	636,371
Major Category Of Receivables Over Five Years [Member] \| Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	138,295
Major Category Of Receivables Over Five Years [Member] \| Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	180,123
Major Category Of Receivables Over Five Years [Member] \| Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	13,443
Major Category Of Receivables Over Five Years [Member] \| Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	259,571
Major Category Of Receivables Over Five Years [Member] \| Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	18,642
Major Category Of Receivables Over Five Years [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	12,900
Major Category Of Receivables Over Five Years [Member] \| Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans excluding fair value adjustments	$ 13,397