Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 08, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2023 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Registrant Name | LCNB Corp. | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity File Number | 001-35292 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 31-1626393 | |
Entity Address, Address Line One | 2 North Broadway | |
Entity Address, City or Town | Lebanon | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 45036 | |
City Area Code | (513) | |
Local Phone Number | 932-1414 | |
Title of 12(b) Security | Common Stock, No Par Value | |
Trading Symbol | LCNB | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 11,116,765 | |
Entity Central Index Key | 0001074902 |
CONSOLIDATED CONDENSED BALANCE
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
ASSETS: | ||
Cash and due from banks | $ 23,877 | $ 20,244 |
Interest-bearing demand deposits | 2,143 | 2,457 |
Total cash and cash equivalents | 26,020 | 22,701 |
Investment securities: | ||
Equity securities with a readily determinable fair value, at fair value | 1,279 | 2,273 |
Equity securities without a readily determinable fair value, at cost | 2,099 | 2,099 |
Debt securities, available-for-sale, at fair value | 281,156 | 289,850 |
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss | 19,117 | 19,878 |
Federal Reserve Bank stock, at cost | 4,652 | 4,652 |
Federal Home Loan Bank stock, at cost | 6,460 | 4,415 |
Loans, net | 1,431,295 | 1,395,632 |
Premises and equipment, net | 33,145 | 33,042 |
Operating Lease, Right-of-Use Asset | 6,260 | 6,525 |
Goodwill | 59,221 | 59,221 |
Core deposit and other intangibles, net | 1,497 | 1,827 |
Bank-owned life insurance | 44,846 | 44,298 |
Other assets, net | 25,905 | 25,503 |
TOTAL ASSETS | 1,950,763 | 1,919,398 |
Deposits: | ||
Noninterest-bearing | 480,288 | 505,824 |
Interest-bearing | 1,116,421 | 1,099,146 |
Total deposits | 1,596,709 | 1,604,970 |
Short-term Debt | 112,289 | 71,455 |
Debt, Long-term and Short-term, Combined Amount | 18,122 | 19,072 |
Operating lease liabilities | 6,434 | 6,647 |
Accrued interest and other liabilities | 14,893 | 16,579 |
TOTAL LIABILITIES | 1,748,447 | 1,718,723 |
COMMITMENTS AND CONTINGENT LIABILITIES | $ 0 | $ 0 |
Preferred stock, shares outstanding | 0 | 0 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
SHAREHOLDERS' EQUITY: | ||
Preferred shares – no par value, authorized 1,000,000 shares, none outstanding | $ 0 | $ 0 |
Common Stock, Value, Issued | 144,671 | 144,069 |
Retained earnings | 141,431 | 139,249 |
Treasury Stock, Value | (56,015) | (52,689) |
Accumulated other comprehensive loss, net of taxes | (27,771) | (29,954) |
TOTAL SHAREHOLDERS' EQUITY | 202,316 | 200,675 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,950,763 | 1,919,398 |
Accrued interest receivable | $ 7,811 | $ 7,482 |
Preferred shares, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares, outstanding (in shares) | 11,116,080 | 11,259,080 |
Common stock, shares authorized | 19,000,000 | 19,000,000 |
Common shares, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares, issued | 14,327,463 | 14,270,550 |
Treasury stock, shares | 3,211,383 | 3,011,470 |
CONSOLIDATED CONDENSED BALANC_2
CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2023 | Dec. 31, 2022 |
SHAREHOLDERS' EQUITY: | ||
Preferred shares, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 0 | 0 |
Common shares, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized | 19,000,000 | 19,000,000 |
Common stock, shares, issued | 14,327,463 | 14,270,550 |
Common stock, shares, outstanding (in shares) | 11,116,080 | 11,259,080 |
Treasury stock, shares | 3,211,383 | 3,011,470 |
CONSOLIDATED CONDENSED STATEMEN
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
INTEREST INCOME: | ||||
Interest and fees on loans | $ 16,763 | $ 14,548 | $ 32,906 | $ 28,334 |
With a readily determinable fair value | 8 | 14 | 25 | 26 |
Without a readily determinable fair value | 30 | 5 | 50 | 10 |
Taxable | 1,323 | 1,254 | 2,666 | 2,349 |
Non-taxable | 174 | 188 | 350 | 377 |
Other investments | 405 | 199 | 624 | 234 |
TOTAL INTEREST INCOME | 18,703 | 16,208 | 36,621 | 31,330 |
INTEREST EXPENSE: | ||||
Interest on deposits | 3,335 | 775 | 5,791 | 1,514 |
Interest on short-term borrowings | 1,008 | 163 | 2,312 | 249 |
Interest on long-term debt | 183 | 103 | 399 | 177 |
TOTAL INTEREST EXPENSE | 4,526 | 1,041 | 8,502 | 1,940 |
NET INTEREST INCOME | 14,177 | 15,167 | 28,119 | 29,390 |
Provision for (recovery of) credit losses | 30 | 377 | (27) | 426 |
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) CREDIT LOSSES | 14,147 | 14,790 | 28,146 | 28,964 |
NON-INTEREST INCOME: | ||||
Bank-owned life insurance income | 277 | 269 | 548 | 534 |
Gains from sales of loans | 3 | 64 | 9 | 188 |
Other operating income | 134 | 6 | 216 | 66 |
TOTAL NON-INTEREST INCOME | 3,646 | 3,528 | 7,227 | 7,078 |
NON-INTEREST EXPENSE: | ||||
Salaries and employee benefits | 7,061 | 7,014 | 14,410 | 14,229 |
Equipment expenses | 417 | 428 | 778 | 836 |
Occupancy expense, net | 599 | 735 | 1,562 | 1,510 |
State financial institutions tax | 396 | 437 | 793 | 873 |
Marketing | 320 | 368 | 512 | 630 |
Amortization of intangibles | 112 | 112 | 223 | 252 |
FDIC insurance premiums, net | 224 | 134 | 439 | 260 |
Contracted services | 666 | 679 | 1,307 | 1,289 |
Profit (Loss) from Real Estate Operations | 1 | (879) | 2 | (879) |
Other non-interest expense | 1,867 | 2,441 | 4,137 | 4,719 |
TOTAL NON-INTEREST EXPENSE | 12,078 | 11,469 | 24,603 | 23,719 |
INCOME BEFORE INCOME TAXES | 5,715 | 6,849 | 10,770 | 12,323 |
PROVISION FOR INCOME TAXES | 1,021 | 1,231 | 1,919 | 2,182 |
NET INCOME | $ 4,694 | $ 5,618 | $ 8,851 | $ 10,141 |
Dividends declared per common share (usd per share) | $ 0.21 | $ 0.20 | $ 0.42 | $ 0.40 |
Earnings per common share: | ||||
Basic (usd per share) | 0.42 | 0.49 | 0.79 | 0.87 |
Diluted (usd per share) | $ 0.42 | $ 0.49 | $ 0.79 | $ 0.87 |
Weighted average common shares outstanding: | ||||
Basic (in shares) | 11,056,308 | 11,337,805 | 11,122,371 | 11,576,873 |
Diluted (in shares) | 11,056,308 | 11,337,805 | 11,122,371 | 11,576,873 |
Merger-related expenses | $ 415 | $ 0 | $ 440 | $ 0 |
Fiduciary and Trust | ||||
NON-INTEREST INCOME: | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | 1,787 | 1,643 | 3,527 | 3,338 |
Deposit Account | ||||
NON-INTEREST INCOME: | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 1,445 | $ 1,546 | $ 2,927 | $ 2,952 |
CONSOLIDATED CONDENSED STATEM_2
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 4,694 | $ 5,618 | $ 8,851 | $ 10,141 |
Other comprehensive income (loss): | ||||
Net unrealized (losses) gains on available-for-sale debt securities (net of taxes) | (2,767) | (6,945) | 2,183 | (20,134) |
Change in nonqualified pension plan unrecognized net gain and unrecognized prior service cost (net of taxes) | 0 | 2 | 0 | 3 |
Other comprehensive income (loss), net of tax | (2,767) | (6,943) | 2,183 | (20,131) |
TOTAL COMPREHENSIVE INCOME (LOSS) | $ 1,927 | $ (1,325) | $ 11,034 | $ (9,990) |
CONSOLIDATED CONDENSED STATEM_3
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Other comprehensive income (loss): | ||
Net unrealized gain (loss) on available-for-sale securities, tax expense (benefit) | $ 580 | $ (5,352) |
Other comprehensive (income) loss, defined benefit plan, before reclassification adjustment, tax | $ 0 | $ 1 |
CONSOLIDATED CONDENSED STATEM_4
CONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative Effect, Period of Adoption, Adjustment | Other loans, including deposit overdrafts [Member] | Other loans, including deposit overdrafts [Member] OAEM [Member] | Common Stock [Member] | Common Stock [Member] Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings [Member] | Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings [Member] Accounting Standards Update 2016-13 | Treasury Stock, Common | Treasury Stock, Common Cumulative Effect, Period of Adoption, Adjustment | Accumulated Other Comprehensive Income [Member] | Accumulated Other Comprehensive Income [Member] Cumulative Effect, Period of Adoption, Adjustment |
Balance Beginning (in shares) at Dec. 31, 2021 | 12,414,956 | ||||||||||||
Balance beginning at Dec. 31, 2021 | $ 238,604 | $ 143,130 | $ 126,312 | $ (29,029) | $ (1,809) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net income | 10,141 | 10,141 | |||||||||||
Other comprehensive income, net of taxes | (20,131) | (20,131) | |||||||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 11,728 | ||||||||||||
Dividend Reinvestment and Stock Purchase Plan | 201 | $ 201 | |||||||||||
Compensation expense relating to restricted stock (in shares) | 32,554 | ||||||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 304 | $ 304 | |||||||||||
Dividends, Common Stock, Cash | (4,559) | (4,559) | |||||||||||
Treasury shares purchased (in shares) | (1,084,723) | ||||||||||||
Repurchase of common stock | (21,600) | (21,600) | |||||||||||
Balance Ending (in shares) at Jun. 30, 2022 | 11,374,515 | ||||||||||||
Balance ending at Jun. 30, 2022 | $ 202,960 | $ 143,635 | 131,894 | (50,629) | (21,940) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Dividends declared per common share (usd per share) | $ 0.40 | ||||||||||||
Balance Beginning (in shares) at Mar. 31, 2022 | 11,401,503 | ||||||||||||
Balance beginning at Mar. 31, 2022 | $ 206,875 | $ 143,432 | 128,555 | (50,115) | (14,997) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net income | 5,618 | 5,618 | |||||||||||
Other comprehensive income, net of taxes | (6,943) | (6,943) | |||||||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 6,047 | ||||||||||||
Dividend Reinvestment and Stock Purchase Plan | 96 | $ 96 | |||||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 107 | $ 107 | |||||||||||
Dividends, Common Stock, Cash | (2,279) | (2,279) | |||||||||||
Treasury shares purchased (in shares) | (33,035) | ||||||||||||
Repurchase of common stock | (514) | ||||||||||||
Balance Ending (in shares) at Jun. 30, 2022 | 11,374,515 | ||||||||||||
Balance ending at Jun. 30, 2022 | $ 202,960 | $ 143,635 | 131,894 | (50,629) | (21,940) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Dividends declared per common share (usd per share) | $ 0.20 | ||||||||||||
Financing Receivable, Revolving, Converted to Term Loan | $ 6,056 | $ 0 | $ 0 | ||||||||||
Balance Beginning (in shares) at Dec. 31, 2022 | 11,259,080 | 11,259,080 | 11,259,080 | ||||||||||
Balance beginning at Dec. 31, 2022 | $ 200,675 | $ 198,753 | $ 144,069 | $ 144,069 | 139,249 | $ 137,327 | $ (1,922) | (52,689) | $ (52,689) | (29,954) | $ (29,954) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net income | 8,851 | 8,851 | |||||||||||
Other comprehensive income, net of taxes | 2,183 | 2,183 | |||||||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 12,763 | ||||||||||||
Dividend Reinvestment and Stock Purchase Plan | 204 | $ 204 | |||||||||||
Compensation expense relating to restricted stock (in shares) | 44,150 | ||||||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 398 | $ 398 | |||||||||||
Dividends, Common Stock, Cash | (4,747) | (4,747) | |||||||||||
Treasury shares purchased (in shares) | (199,913) | ||||||||||||
Repurchase of common stock | $ (3,326) | (3,326) | |||||||||||
Balance Ending (in shares) at Jun. 30, 2023 | 11,116,080 | 11,116,080 | |||||||||||
Balance ending at Jun. 30, 2023 | $ 202,316 | $ 144,671 | 141,431 | (56,015) | (27,771) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Stockholders' Equity, Other | $ (1,922) | ||||||||||||
Dividends declared per common share (usd per share) | $ 0.42 | ||||||||||||
Balance Beginning (in shares) at Mar. 31, 2023 | 11,202,063 | ||||||||||||
Balance beginning at Mar. 31, 2023 | $ 204,072 | $ 144,488 | 139,115 | (54,527) | (25,004) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net income | 4,694 | 4,694 | |||||||||||
Other comprehensive income, net of taxes | (2,767) | (2,767) | |||||||||||
Dividend Reinvestment and Stock Purchase Plan (in shares) | 6,902 | ||||||||||||
Dividend Reinvestment and Stock Purchase Plan | 101 | $ 101 | |||||||||||
Compensation expense relating to restricted stock (in shares) | 0 | ||||||||||||
APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | 82 | $ 82 | |||||||||||
Dividends, Common Stock, Cash | (2,378) | (2,378) | |||||||||||
Treasury shares purchased (in shares) | (92,885) | ||||||||||||
Repurchase of common stock | $ (1,488) | ||||||||||||
Balance Ending (in shares) at Jun. 30, 2023 | 11,116,080 | 11,116,080 | |||||||||||
Balance ending at Jun. 30, 2023 | $ 202,316 | $ 144,671 | $ 141,431 | $ (56,015) | $ (27,771) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Dividends declared per common share (usd per share) | $ 0.21 | ||||||||||||
Financing Receivable, Revolving, Converted to Term Loan | $ 654 | $ 0 | $ 0 |
CONSOLIDATED CONDENSED STATEM_5
CONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Common stock dividends (in dollars per share) | $ 0.21 | $ 0.20 | $ 0.42 | $ 0.40 |
CONSOLIDATED CONDENSED STATEM_6
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 8,851 | $ 10,141 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation, amortization, and accretion | 1,543 | 1,500 |
Provision for (recovery of) credit losses | (27) | 426 |
(Benefit from) provision for deferred income taxes | (710) | 24 |
Increase in cash surrender value of bank-owned life insurance | (548) | (534) |
Loss on equity securities | 45 | 304 |
Realized gain from sales of premises and equipment | (426) | (15) |
Impairment of Long-Lived Assets to be Disposed of | 0 | 140 |
Origination of mortgage loans for sale | (505) | (8,468) |
Realized gains from sales of loans | (9) | (188) |
Proceeds from sales of mortgage loans | 508 | 8,563 |
Compensation expense related to restricted stock | 398 | 304 |
Changes in: | ||
Accrued interest receivable | (329) | 551 |
Other assets | 239 | 3,397 |
Other liabilities | (2,020) | (3,926) |
TOTAL ADJUSTMENTS | (1,841) | 1,189 |
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES | 7,010 | 11,330 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of equity securities | 963 | 0 |
Available-for-sale | 11,531 | 13,679 |
Held-to-maturity | 1,035 | 1,211 |
Purchases of equity securities | (14) | (8) |
Available-for-sale | (497) | (32,789) |
Payments to Acquire Held-to-Maturity Securities | (280) | (755) |
Payments to Acquire Federal Home Loan Bank Stock | (3,414) | 0 |
Proceeds from Sale of Federal Home Loan Bank Stock | 1,369 | 0 |
Net increase in loans | (37,541) | (4,391) |
Purchases of premises and equipment | (1,110) | (283) |
Proceeds from sale of premises and equipment | 513 | 32 |
NET CASH FLOWS USED IN INVESTING ACTIVITIES | (27,445) | (21,699) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase (decrease) in deposits | (8,261) | 30,006 |
Net increase in short-term borrowings | 40,834 | 5,000 |
Proceeds from Issuance of Other Long-Term Debt | 0 | 15,000 |
Principal payments on long-term debt | (950) | 0 |
Proceeds from issuance of common stock | 204 | 201 |
Repurchase of common stock | (3,326) | (21,600) |
Cash dividends paid on common stock | (4,747) | (4,559) |
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 23,754 | 24,048 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 3,319 | 13,679 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 22,701 | 18,136 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 26,020 | 31,815 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 7,899 | 1,930 |
Income Taxes Paid, Net | 1,401 | 1,332 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 0 | |
Proceeds from sale of other real estate owned | 0 | 1,605 |
Gains (Losses) on Sales of Other Real Estate | $ 0 | $ (889) |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, Unrealized Gains and Losses on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total Unrealized Gains and Losses on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total 2023 Balance at beginning of period $ (24,977) (27) (25,004) (29,927) (27) (29,954) Other comprehensive income (loss), net of taxes (2,767) — (2,767) 2,183 — 2,183 Balance at end of period $ (27,744) (27) (27,771) (27,744) (27) (27,771) 2022 Balance at beginning of period $ (14,725) (272) (14,997) (1,536) (273) (1,809) Other comprehensive (loss) income, net of taxes (6,945) 2 (6,943) (20,134) 3 (20,131) Balance at end of period $ (21,670) (270) (21,940) (21,670) (270) (21,940) There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2023 and 2022. |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | BASIS OF PRESENTATION BASIS OF PRESENTATION The accompanying unaudited interim consolidated condensed financial statements include LCNB Corp. and its wholly-owned subsidiaries: LCNB National Bank and LCNB Risk Management, Inc., its captive insurance company. All material intercompany transactions and balances are eliminated in consolidation. The unaudited interim consolidated condensed financial statements have been prepared in accordance with U.S. GAAP for interim financial information and the rules and regulations of the SEC. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation of the Company's financial position, results of consolidated operations, and cash flows for the interim periods, as required by Regulation S-X, Rule 8-03. The consolidated condensed balance sheet as of December 31, 2022 has been derived from the audited consolidated balance sheet as of that date. Certain prior period data presented in the financial statements have been reclassified to conform with the current period presentation. These reclassifications had no effect on net income. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year ending December 31, 2023. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements, accounting policies, and financial notes thereto included in LCNB's 2022 Annual Report on Form 10-K filed with the SEC. ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS Financial Accounting Standards (“FASB”) Accounting Standards Update (“ASU”) No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ASU No. 2020-04 was issued in March 2020 and provides optional guidance for a limited period of time to ease the potential burden in accounting for or recognizing the effects of reference rate reform on financial reporting. The amendments provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. Originally, the amendments in this update were effective for all entities as of March 12, 2020 through December 31, 2022. ASU No. 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848" extended the sunset date from December 31, 2022 to December 31, 2024. LCNB has adopted the standard and utilized the LIBOR transition relief allowed under ASU 2020-04 and ASU 2020-06. The impact was immaterial, as all loans indexed to LIBOR were transitioned to another referenced index, predominately the Secured Overnight Financing Rate ("SOFR") for one, three, and six months. In all instances, LCNB was able to meet the criteria for the practical expedients and there was no impact on its results of consolidated operations or financial position. ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASC 326") The Company adopted ASC 326 on January 1, 2023. It significantly changed guidance for recognizing impairment of financial instruments. Previous guidance required an "incurred loss" methodology for recognizing credit losses that delayed recognition until it was probable a loss had been incurred. ASC 326 replaced the incurred loss impairment methodology with a new "current expected credit loss" ("CECL") methodology that reflects expected credit losses over the lives of the credit instruments and requires consideration of a broader range of information to estimate credit losses. ASC 326 requires an organization to estimate all expected credit losses for financial assets measured at amortized cost, including loans and held-to-maturity debt securities, based on historical experience, current conditions, and reasonable and supportable forecasts. It also applies to off-balance sheet credit exposures, such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments. ASC 326 also made changes to the accounting for credit losses on available-for-sale debt securities. Additional disclosures are required. LCNB adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable guidance. The following table shows the impact of adopting ASC 326 on January 1, 2023 (in thousands): As Reported Pre-ASC 326 Impact of ASC 326 Adoption As Reported Under ASC 326 Assets: Loans, gross of allowance $ 1,401,278 341 1,401,619 ACL on loans (5,646) (2,196) (7,842) ACL on debt securities, held to maturity — (7) (7) Deferred tax assets, net 6,639 511 7,150 Liabilities: ACL on off-balance sheet credit exposures — 571 571 Shareholders' Equity: Retained earnings 139,249 (1,922) 137,327 ACL - LOANS The allowance for credit losses ("ACL") is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes that the uncollectability of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in external conditions, such as changes in unemployment rates, property values, or other relevant factors. Accrued interest receivable totaling $6.6 million at June 30, 2023 was excluded from the amortized cost basis of the estimate of credit losses and is reported in interest receivable on the consolidated condensed balance sheets. Loans are generally placed on non-accrual status at 90 days past due or when the borrower's ability to repay becomes doubtful. When a loan is placed on non-accrual status, any accrued interest is reversed and charged against interest income. ACL - LOANS - COLLECTIVELY EVALUATED The ACL is measured on a collective pool basis when similar risk characteristics exist. LCNB has identified the following portfolio segments: • Commercial and industrial loans • Commercial, secured by real estate • Real estate loans secured by owner occupied commercial real estate • Real estate loans secured by non-owner occupied commercial real estate • Real estate loans secured by farmland • Real estate loans secured by multi-family dwellings • Construction loans secured by 1-4 family dwellings • Construction loans secured by other real estate • Residential real estate • Residential real estate loans secured by senior liens on 1-4 family dwellings • Residential real estate loans secured by junior liens on 1-4 family dwellings • Home equity line of credit loans • Consumer loans • Agricultural loans not secured by real estate • DDA Overdrafts Measures of the allowance for credit loss are as follows: Portfolio Segment Pool Methodology Loss Driver(s) Agricultural Ag Production and Other Farm Remaining Life N/A Commercial & industrial Commercial & Industrial Discounted Cash Flow Weighted Combined MSA Unemployment and Coincident Economic Activity (CEA) Index for Ohio Commercial, secured by real estate Commercial Real Estate (CRE) Non-Owner Occupied Discounted Cash Flow Weighted Combined MSA Unemployment Commercial, secured by real estate Commercial Real Estate (CRE) Owner Occupied Discounted Cash Flow Weighted Combined MSA Unemployment and Moody's Commercial Real Estate Price Indexes (CREPI) - US Commercial Commercial, secured by real estate Farm Real Estate Remaining Life N/A Residential real estate Home Equity Line Discounted Cash Flow Weighted Combined MSA Unemployment Consumer Installment - Direct and ODP (Consumer) Discounted Cash Flow Weighted Combined MSA Unemployment Consumer Letter of Credit Discounted Cash Flow/Manual N/A Commercial, secured by real estate Multifamily Discounted Cash Flow Weighted Combined MSA Unemployment Commercial, secured by real estate Other Construction, Land Development, and Other Land Discounted Cash Flow Weighted Combined MSA Unemployment and Weighted Combined MSA Home Price Index Consumer Overdrafts Manual N/A Other Other Loans Remaining Life N/A Residential real estate Real Estate Mortgage Discounted Cash Flow Weighted Combined MSA Unemployment Residential real estate Residential 1-4 Family Construction Discounted Cash Flow Weighted Combined MSA Unemployment and Weighted Combined MSA Home Price Index Residential real estate Second Mortgage (Residential) Discounted Cash Flow Weighted Combined MSA Unemployment *"MSA" referenced above combines forecasts for Cincinnati, Dayton and Columbus metro areas. **"Weighted" referenced above refers to weighted average of baseline and alternative scenarios Management has chosen the discounted cash flow ("DCF") methodology to estimate the quantitative portion of the allowance for credit losses on loans for all loan pools except for the farm real estate and agricultural pools, which use the weighted average remaining maturity ("WARM") methodology. A Loss Driver Analysis (“LDA”) was performed for each segment to identify potential loss drivers and create a regression model for use in forecasting cash flows. The LDA for all DCF-based pools utilized LCNB’s data and peer data from the Federal Financial Institutions Examination Council's (“FFIEC”) Call Report filings. In creating the DCF model, as well as reviewing the model quarterly, management established a one-quarter reasonable and supportable forecast period with a two-quarter straight line reversion to the long-term historical average. Due to the infrequency of losses within the farm real estate and agricultural loan portfolios, LCNB elected to use peer data for a more statistically sound calculation. Key assumptions in the DCF model include the probability of default (“PD”), loss given default (“LGD”), and prepayment/curtailment rates. The model-driven PD and LGD are derived using company specific historical data. Prepayment and curtailment rates were calculated using third party studies of LCNB's data. Expected credit losses are estimated over the contractual term of the loans, adjusted for prepayments when appropriate. The contractual term excludes extensions, renewals, and modifications unless the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Qualitative factors for the DCF and WARM methodologies include the following: • Actual and expected changes in international, national, regional, and local economic and business conditions and developments in which the Company operates that affect the collectability of financial assets; • The effect of other external factors such as the regulatory, legal and technological environments, competition, and events such as natural disasters or pandemics; and • Model risk including statistical risk, reversion risk, timing risk, and model limitation risk. ACL - LOANS - INDIVIDUALLY EVALUATED Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. Management has determined that any loans which have been placed on non-performing status will be individually evaluated. When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the estimated fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty and the loan is expected to be repaid substantially through the operation or sale of the collateral. Other non-performing loans may estimate fair value using either the collateral valuation or the net present value of expected future cash receipts, depending on the financial situation of the borrower. ACL - HELD-TO-MATURITY (“HTM”) DEBT SECURITIES Expected credit losses on HTM debt securities are measured on a collective basis by major security type. Accrued interest receivable on HTM securities totaled $106,000 at June 30, 2023 and is excluded from the estimate of credit losses. The HTM securities portfolio consists of taxable and nontaxable municipal securities from local governmental entities. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. At the time of adoption, the estimated reserve was immaterial. ACL - AVAILABLE-FOR-SALE (“AFS”) DEBT SECURITIES For AFS debt securities in an unrealized loss position, LCNB first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any decline in fair value that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. Changes in the ACL are recorded as a provision for (or recovery of) credit loss expense. Losses are charged against the allowance when management believes that uncollectability of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on AFS debt securities totaled $1.1 million at June 30, 2023 and is excluded from the estimate of credit losses. ACL - OFF-BALANCE SHEET CREDIT EXPOSURES LCNB estimates expected credit losses over the contractual period during which it is exposed to credit risk by a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted as a provision for (or recovery of) credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate is made of expected credit losses on commitments expected to be funded over their estimated lives. Funding rates are based on a historical analysis of the Company’s portfolio, while estimates of credit losses are determined using the same loss rates as funded loans. REGULATORY CAPITAL Federal banking regulatory agencies allow an optional phase-in period of three years for banks to absorb the impact to regulatory capital of implementing CECL. LCNB has elected not to exercise this option and the full impact of adopting ASU No. 2016-13 is included in regulatory capital as of June 30, 2023. Adoption of the ASU did not materially affect LCNB's regulatory capital ratios. ASU No. 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" ASU No. 2022-02 was issued in March 2022 and became effective for LCNB on January 1, 2023. These amendments eliminated previous TDR recognition and measurement guidance and, instead, required that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance disclosure requirements and introduce new disclosure requirements for certain modifications to borrowers experiencing financial difficulties. Additionally, the amendments require the disclosure of current-period gross charge-offs by year of origination. RECENT ACCOUNTING PRONOUNCEMENTS NOT YET EFFECTIVE From time to time the FASB issues an ASU to communicate changes to U.S. GAAP. The following information provides brief summaries of newly issued but not yet effective ASUs that could have an effect on LCNB’s financial position or results of consolidated operations: ASU No. 2023-02, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a Consensus of the Emerging Issues Task Force)" ASU No. 2023-02 was issued in March 2023 and allows reporting entities the option to use the proportional amortization method to account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits when certain requirements are met, regardless of the tax credit program from which the income tax credits are received. The proportional amortization method was previously limited to Low-Income Housing Tax Credit investments. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the income tax credits and other income tax benefits received and recognizes the net amortization and income tax credits and other income tax benefits in the income statement as a component of income tax expense (benefit). For public business entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early adoption is permitted. LCNB does not expect adoption of ASU No. 2023-02 to have a material impact on its results of consolidated operations or financial position. |
Acquisition
Acquisition | 6 Months Ended |
Jun. 30, 2023 | |
Business Combinations [Abstract] | |
Subsequent Event, Pro Forma Business Combinations or Disposals | BUSINESS COMBINATION LCNB and Cincinnati Bancorp, Inc. (“CNNB”), the holding company for Cincinnati Federal, a federally chartered stock savings and loan association, signed a definitive merger agreement on May 17, 2023 whereby CNNB will merge with and into LCNB in a stock-and-cash transaction. CNNB operates five full-service branch offices in Cincinnati, Ohio and Northern Kentucky and has approximately $304.7 million in assets, $262.9 million in loans, $223.6 million of deposits, and $40.3 million in consolidated stockholders’ equity as of March 31, 2023. When completed, the transaction will significantly increase LCNB’s existing presence in the Cincinnati market and expand LCNB’s community banking franchise across the Ohio River into the Northern Kentucky market. Subject to the terms of the merger agreement, which has been approved by the Board of Directors of each company, CNNB shareholders will have the opportunity to elect to receive either 0.9274 shares of LCNB stock or $17.21 per share in cash for each share of CNNB common stock owned, subject to At closing, Cincinnati Federal branches will become branches of LCNB National Bank. At that time, LCNB will have 33 banking offices in Ohio and one branch office in Northern Kentucky. Subject to regulatory approval, CNNB shareholder approval, and other customary conditions set forth in the definitive merger agreement, the transaction is anticipated to close in the fourth quarter of 2023. LCNB shareholder approval is not required. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | INVESTMENT SECURITIES The amortized cost and estimated fair value of debt securities and the allowance for credit losses of securities held-to-maturity at June 30, 2023 and December 31, 2022 are summarized as follows (in thousands): Amortized Unrealized Unrealized Fair June 30, 2023 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 79,006 — 8,043 70,963 U.S. Agency notes 89,057 — 10,337 78,720 Corporate bonds 7,450 6 953 6,503 U.S. Agency mortgage-backed securities 85,906 — 10,584 75,322 Municipal securities: Non-taxable 8,829 — 327 8,502 Taxable 46,026 — 4,880 41,146 $ 316,274 6 35,124 281,156 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 15,692 6 1,162 14,536 Taxable 3,431 — 377 3,054 $ 19,123 6 1,539 17,590 December 31, 2022 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 84,927 — 8,480 76,447 U.S. Agency notes 89,160 — 11,184 77,976 Corporate Bonds 7,450 13 778 6,685 U.S. Agency mortgage-backed securities 90,746 5 11,311 79,440 Municipal securities: Non-taxable 8,892 — 368 8,524 Taxable 46,556 1 5,779 40,778 $ 327,731 $ 19 37,900 289,850 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 16,447 10 594 15,863 Taxable 3,431 — 409 3,022 $ 19,878 10 1,003 18,885 The Company estimated the expected credit losses at June 30, 2023 to be immaterial based on the composition of the securities portfolio. Information concerning debt securities with gross unrealized losses at June 30, 2023 and December 31, 2022, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (dollars in thousands): Less than Twelve Months Twelve Months or Greater Fair Unrealized Fair Unrealized June 30, 2023 Available-for-Sale: U.S. Treasury notes $ 198 1 70,765 8,042 U.S. Agency notes — — 78,720 10,337 Corporate bonds — — 5,746 953 U.S. Agency mortgage-backed securities 4,058 110 71,192 10,474 Municipal securities: Non-taxable 2,124 21 5,913 306 Taxable 2,030 51 39,116 4,829 $ 8,410 183 271,452 34,941 Held-to-Maturity: Municipal securities: Non-taxable $ 6,953 618 6,845 544 Taxable — — 3,054 377 $ 6,953 618 9,899 921 December 31, 2022 Available-for-Sale: U.S. Treasury notes $ 16,521 931 59,927 7,549 U.S. Agency notes 7,729 543 70,247 10,641 Corporate Bonds 2,667 283 3,255 495 U.S. Agency mortgage-backed securities 41,543 3,597 37,282 7,714 Municipal securities: Non-taxable 6,831 248 893 120 Taxable 22,162 1,951 18,435 3,828 $ 97,453 7,553 190,039 30,347 Held-to-Maturity: Municipal securities: Non-taxable $ 9,567 593 31 1 Taxable 2,811 370 212 39 $ 12,378 963 243 40 LCNB has not specifically identified available-for-sale securities in a loss position that it intends to sell in the near term and does not believe that it will be required to sell any such securities. Securities are reviewed on a quarterly basis to assess declines in fair value for credit losses. Consideration is given to such factors as the credit rating of the borrower, market conditions such as current interest rates, any adverse conditions specific to the security, and delinquency status on contractual payments. For the three and six months ended June 30, 2023 and 2022, management concluded that, in all instances, fair values were less than carrying values due to market and other factors and that no credit loss provisions were required. Debt securities with a market value of $123.1 million and $166.4 million at June 30, 2023 and December 31, 2022, respectively, were pledged to secure public deposits and for other purposes required or as permitted by law. Excluding holdings in U.S. Treasury securities and U.S. Government Agencies, there were no investments in securities of any issuer that exceeded 10% of LCNB's consolidated shareholders' equity at June 30, 2023. Contractual maturities of debt securities at June 30, 2023 were as follows (in thousands). Actual maturities may differ from contractual maturities when issuers have the right to call or prepay obligations. Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair Due within one year $ 8,913 8,805 280 283 Due from one to five years 152,490 137,092 3,585 3,445 Due from five to ten years 68,234 59,281 2,440 2,252 Due after ten years 731 656 12,818 11,610 230,368 205,834 19,123 17,590 U.S. Agency mortgage-backed securities 85,906 75,322 — — $ 316,274 281,156 19,123 17,590 Equity securities with a readily determinable fair value are carried at fair value, with changes in fair value recognized in other operating income in the consolidated condensed statements of income. Equity securities without a readily determinable fair value are measured at cost minus impairment, if any, plus or minus any changes resulting from observable price changes in orderly transactions, as defined, for identical or similar investments of the same issuer. LCNB was not aware of any impairment or observable price change adjustments that needed to be made at June 30, 2023 on its investments in equity securities without a readily determinable fair value. The cost and estimated fair value of equity securities with a readily determinable fair value at June 30, 2023 and December 31, 2022 are summarized as follows (in thousands): June 30, 2023 December 31, 2022 Amortized Cost Fair Amortized Cost Fair Mutual funds $ 1,399 1,207 1,429 1,234 Equity securities 10 72 778 1,039 Total equity securities with a readily determinable fair value $ 1,409 1,279 2,207 2,273 Changes in the fair value of equity securities with a readily determinable fair value for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net losses recognized during the period $ (14) (178) (45) (304) Less net gains recognized during the period on equity securities sold during the period — — (61) — Net unrealized gains (losses) recognized during the reporting period on equity securities still held at period end $ (14) (178) 16 (304) |
Affordable Housing Tax Credit L
Affordable Housing Tax Credit Limited Partnership | 6 Months Ended |
Jun. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Affordable Housing Tax Credit Limited Partnership | AFFORDABLE HOUSING TAX CREDIT LIMITED PARTNERSHIP INVESTMENTS LCNB is a limited partner in multiple limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit pursuant to Section 42 of the Internal Revenue Code. The purpose of the investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act. The primary activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants. The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, Affordable housing tax credit investment $ 16,950 16,950 Less amortization 3,986 3,268 Net affordable housing tax credit investment $ 12,964 13,682 Unfunded commitment $ 6,348 7,185 The net affordable housing tax credit investment is included in other assets and the unfunded commitment is included in accrued interest and other liabilities in the consolidated condensed balance sheets. LCNB expects to fund the unfunded commitment over 9.5 years. The following table presents other information relating to LCNB's affordable housing tax credit investments for the three and six months ended June 30, 2023 and 2022 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Tax credits and other tax benefits recognized $ 434 357 864 714 Tax credit amortization expense included in provision for income taxes 361 304 718 601 |
Deposits
Deposits | 6 Months Ended |
Jun. 30, 2023 | |
Statement of Financial Position [Abstract] | |
Deposits | DEPOSITS The following table presents the composition of LCNB's deposits at June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, Demand deposits $ 480,288 505,824 Interest-bearing demand and money fund deposits 505,078 510,324 Savings deposits 390,324 432,322 IRA and time certificates 221,019 156,500 Total $ 1,596,709 1,604,970 Contractual maturities of time deposits at June 30, 2023 were as follows (in thousands): July 1, 2023 - June 30, 2024 $ 86,215 July 1, 2024 - June 30, 2025 117,708 July 1, 2025 - June 30, 2026 6,316 July 1, 2026 - June 30, 2027 7,165 July 1, 2027 - June 30, 2028 2,607 Thereafter 1,008 $ 221,019 The aggregate amount of time deposits in denominations of $250,000 or more at June 30, 2023 and December 31, 2022 was $32.7 million and $16.1 million, respectively. |
Borrowings
Borrowings | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Borrowings | BORROWINGS Long-term debt at June 30, 2023 and December 31, 2022 was as follows (dollars in thousands): June 30, 2023 December 31, 2022 Amount Rate Amount Rate Term loan $ 13,122 4.25 % $ 14,072 4.25 % FHLB long-term advances 5,000 3.02 % 5,000 3.02 % $ 18,122 3.91 % $ 19,072 3.93 % The term loan with a correspondent financial institution bears a fixed interest rate of 4.25%, amortizes quarterly, and has a final balloon payment due on June 15, 2025. The FHLB advances at June 30, 2023 and December 31, 2022 had interest rates of 3.02%. All advances from the FHLB of Cincinnati are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $276 million and $270 million at June 30, 2023 and December 31, 2022, respectively. Remaining borrowing capacity, including short-term borrowing arrangements, at June 30, 2023 was approximately $100.5 million. Contractual maturities of long-term debt at June 30, 2023 and December 31, 2022 were as follows ( in thousands): June 30, December 31, One year $ 6,958 6,918 Two years 11,164 2,001 Three years — 10,153 Total $ 18,122 19,072 Short-term borrowings at June 30, 2023 and December 31, 2022 were as follows (dollars in thousands): June 30, 2023 December 31, 2022 Amount Rate Amount Rate Revolving line of credit $ — — % $ 3,000 7.25 % Other lines of credit 12,289 5.75 % 18,455 5.00 % FHLB short-term advances 100,000 5.04 % 50,000 4.40 % $ 112,289 5.12 % $ 71,455 4.67 % At June 30, 2023, LCNB Corp. had a short-term revolving line of credit arrangement with a financial institution for a maximum amount of $5 million at an interest rate equal to the Wall Street Journal Prime Rate minus 25 basis points. This agreement expires on June 15, 2024. At June 30, 2023, LCNB had short-term line of credit borrowing arrangement with two correspondent financial institutions. Under the terms of the first arrangement, LCNB can borrow up to $30 million at an interest rate equal to the lending institution’s federal funds rate plus a spread of 50 basis points. Approximately $12.3 million was outstanding under this arrangement at June 30, 2023. Under the terms of the second arrangement, LCNB can borrow up to $25 million at an interest rate equal to the FOMC rate plus a spread of 25 basis points. No borrowings were outstanding under this arrangement at June 30, 2023. At June 30, 2023, LCNB had two short-term borrowing arrangements with the FHLB of Cincinnati. Under the terms of a REPO-Based Advance program, LCNB can borrow up to $95.0 million in short-term advances, subject to total remaining borrowing capacity limitations mentioned above. Available terms range from one day to one year. The interest rate is the published rate in effect at the time of the advance. Under the terms of a Cash Management Advance program, LCNB can borrow up to $95.0 million in short-term advances, subject to total remaining borrowing capacity limitations mentioned above. LCNB can select a variable rate of interest for up to ninety days or a fixed rate of interest for a maximum of thirty days. The interest rate is the published rate in effect at the time of the advance. Both arrangements expire on February 8, 2024. At June 30, 2023, $75 million was outstanding under the REPO-Based Advance program and $25 million was outstanding under the Cash Management Advance program. |
Leases
Leases | 6 Months Ended |
Jun. 30, 2023 | |
Leases [Abstract] | |
Leases | LEASES Lease expenses for offices are included in the consolidated condensed statements of income in net occupancy expense and lease expenses for equipment and ATMs are included in equipment expense. Components of lease expense for the three and six months ended June 30, 2023 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Operating lease expense $ 283 185 442 344 Short-term lease expense 12 50 46 84 Variable lease expense 3 1 3 1 Other 7 2 10 5 Total lease expense $ 305 238 501 434 Other information related to leases at June 30, 2023 were as follows (dollars in thousands): Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 223 Right-of-use assets obtained in exchange for new operating lease liabilities $ — Weighted average remaining lease term in years for operating leases 32.7 Weighted average discount rate for operating leases 3.49 % |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Statutory tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) resulting from: Tax exempt interest (0.6) % (0.6) % (0.6) % (0.6) % Tax exempt income on bank-owned life insurance (1.0) % (0.8) % (1.1) % (0.9) % Captive insurance premium income (0.8) % (0.9) % (0.9) % (0.9) % Affordable housing tax credit limited partnerships (1.3) % (0.8) % (1.4) % (0.9) % Other, net 0.6 % 0.1 % 0.8 % — % Effective tax rate 17.9 % 18.0 % 17.8 % 17.7 % |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities | COMMITMENTS AND CONTINGENT LIABILITIES LCNB is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. Exposure to credit loss in the event of nonperformance by the other parties to financial instruments for commitments to extend credit is represented by the contract amount of those instruments. LCNB uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Financial instruments whose contract amounts represent off-balance-sheet credit risk at June 30, 2023 and December 31, 2022 were as follows (in thousands): June 30, 2023 December 31, 2022 Commitments to extend credit: Commercial loans $ 47,388 22,823 Other loans Fixed rate 3,619 191 Adjustable rate 6,196 1,422 Unused lines of credit: Fixed rate 36,866 41,558 Adjustable rate 189,163 238,876 Unused overdraft protection amounts on demand accounts 16,501 16,566 Standby letters of credit 5 5 Total commitments $ 299,738 321,441 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Unused lines of credit include amounts not drawn on line of credit loans. Commitments to extend credit and unused lines of credit generally have fixed expiration dates or other termination clauses. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. These guarantees generally are fully secured and have varying maturities. The Bounce Protection product, a customer deposit overdraft program, is offered as a service and does not constitute a contract between the customer and LCNB. LCNB evaluates each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained is based on management's credit evaluation of the borrower and may include accounts receivable, inventory, residential realty, income-producing commercial property, agricultural property, and property, plant, and equipment. Capital expenditures include the construction or acquisition of new office buildings, improvements to LCNB's offices, purchases of furniture and equipment, and additions or improvements to LCNB's information technology system. Commitments outstanding for capital expenditures as of June 30, 2023 totaled approximately $2.6 million. Management believes that LCNB has sufficient liquidity to fund its lending and capital expenditure commitments. LCNB and its subsidiaries are parties to various claims and proceedings arising in the normal course of business. Management, after consultation with legal counsel, believes that the liabilities, if any, arising from such proceedings and claims will not be material to LCNB's consolidated financial position or results of operations. |
Retirement Plans
Retirement Plans | 6 Months Ended |
Jun. 30, 2023 | |
Retirement Benefits [Abstract] | |
Retirement Plans | RETIREMENT PLANS LCNB participates in a noncontributory defined benefit multi-employer retirement plan that covers substantially all regular full-time employees hired before January 1, 2009. Employees hired before this date who received a benefit reduction under certain amendments to the defined benefit retirement plan receive an automatic contribution of 5% or 7% of their annual compensation, depending on the sum of an employee's age and vesting service, into their defined contribution plans (401(k) plans), regardless of the contributions made by the employees. These contributions are made annually and these employees do not receive any employer matches to their 401(k) contributions. Employees hired on or after January 1, 2009 receive a 50% employer match on their contributions into the 401(k) plan, up to a maximum LCNB contribution of 3% of each individual employee's annual compensation. Funding and administrative costs of the qualified noncontributory defined benefit retirement plan and 401(k) plan charged to pension and other employee benefits in the consolidated condensed statements of income for the three and six-month period ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Qualified noncontributory defined benefit retirement plan $ 338 308 677 616 401(k) plan 165 157 365 337 Certain highly compensated former employees participate in a nonqualified defined benefit retirement plan. The nonqualified plan ensures that participants receive the full amount of benefits to which they would have been entitled under the noncontributory defined benefit retirement plan in the absence of limits on benefit levels imposed by certain sections of the Internal Revenue Code. This plan is limited to the original participants and no new participants have been added. The components of net periodic pension cost of the nonqualified defined benefit retirement plan for the three and six months ended June 30, 2023 and 2022 are summarized as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest cost 19 14 38 26 Amortization of unrecognized net loss — 2 — 4 Net periodic pension cost $ 19 16 $ 38 30 Amounts recognized in accumulated other comprehensive loss, net of tax, for the nonqualified defined benefit retirement plan for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net actuarial loss $ — (2) — (3) |
Earnings Per Common Share
Earnings Per Common Share | 6 Months Ended |
Jun. 30, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | EARNINGS PER COMMON SHARE LCNB has granted restricted stock awards with non-forfeitable dividend rights, which are considered participating securities. Accordingly, earnings per share is computed using the two-class method as required by ASC No. 260-10-45. Basic earnings per common share is calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period, which excludes the participating securities. Diluted earnings per common share is adjusted for the dilutive effects of stock options, warrants, and restricted stock. The diluted average number of common shares outstanding has been increased for the assumed exercise of stock options and warrants with proceeds used to purchase treasury shares at the average market price for the period. Earnings per share for the three and six months ended June 30, 2023 and 2022 were calculated as follows (dollars in thousands, except share and per share data): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net income $ 4,694 5,618 8,851 10,141 Less allocation of earnings and dividends to participating securities 33 29 63 53 Net income allocated to common shareholders $ 4,661 5,589 8,788 10,088 Weighted average common shares outstanding, gross 11,135,325 11,396,119 11,202,300 11,635,949 Less average participating securities 79,017 58,314 79,929 59,076 Adjusted weighted average number of shares outstanding used in the calculation of basic and diluted earnings per common share 11,056,308 11,337,805 11,122,371 11,576,873 Earnings per common share: Basic $ 0.42 0.49 $ 0.79 0.87 Diluted 0.42 0.49 0.79 0.87 |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTSLCNB measures certain assets at fair value using various valuation techniques and assumptions, depending on the nature of the asset. Fair value is defined as the price that would be received from the sale of an asset in an orderly transaction between market participants at the measurement date. The inputs to the valuation techniques used to measure fair value are assigned to one of three broad levels: • Level 1 – quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the reporting date. • Level 2 – inputs other than quoted prices included within level 1 that are observable for the asset or liability either directly or indirectly. Level 2 inputs may include quoted prices for similar assets in active markets, quoted prices for identical assets or liabilities in markets that are not active, inputs other than quoted prices (such as interest rates or yield curves) that are observable for the asset or liability, and inputs that are derived from or corroborated by observable market data. • Level 3 – inputs that are unobservable for the asset or liability. EQUITY SECURITIES WITH A READILY DETERMINABLE FAIR VALUE Equity securities with a readily determinable fair value are reported at fair value with changes in fair value reported in other operating income in the consolidated condensed statements of income. Fair values for equity securities are determined based on market quotations (level 1). At December 31, 2022, LCNB had investments in two mutual funds that were traded in active markets and their fair values were based on market quotations (level 1). These two mutual funds were sold during the first quarter of 2023. Investments in another two mutual funds are measured at fair value using net asset values and are considered level 1 because the net asset values are determined and published and are the basis for current transactions. DEBT SECURITIES, AVAILABLE-FOR-SALE The majority of LCNB's financial debt securities are classified as available-for-sale. The securities are reported at fair value with unrealized holding gains and losses reported net of income taxes in accumulated other comprehensive income. LCNB utilizes a pricing service for determining the fair values of its debt securities. Methods and significant assumptions used to estimate fair value were as follows: • Fair values for U.S. Treasury notes are determined based on market quotations (level 1). • Fair values for the other debt securities are calculated using the discounted cash flow method for each security. The discount rates for these cash flows are estimated by the pricing service using rates observed in the market (level 2). Cash flow streams are dependent on estimated prepayment speeds and the overall structure of the securities given existing market conditions. ASSETS RECORDED AT FAIR VALUE ON A NONRECURRING BASIS Assets that may be recorded at fair value on a nonrecurring basis include individually evaluated collateral dependent loans (or impaired loans prior to the adoption of ASC 326), other real estate owned, and other repossessed assets. LCNB does not record loans at fair value on a recurring basis. However, from time to time, nonrecurring fair value adjustments to collateral dependent loans are recorded to reflect partial write-downs or specific reserves that are based on the observable market price or current estimated value of the collateral. These loans are reported in the nonrecurring table below at initial recognition of significant borrower distress and on an ongoing basis until recovery or charge-off. The fair values of distressed loans are determined using either the sales comparison approach or income approach. Respective unobservable inputs for the approaches consist of adjustments for differences between comparable sales and the utilization of appropriate capitalization rates. The following table summarizes the valuation of LCNB's assets recorded at fair value by input levels as of June 30, 2023 and December 31, 2022 (in thousands): Fair Value Measurements at the End of Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2023 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 72 72 — — Mutual funds measured at net asset value 1,207 1,207 — — Debt securities, available-for-sale: U.S. Treasury notes 70,963 70,963 — — U.S. Agency notes 78,720 — 78,720 — Corporate bonds 6,503 — 6,503 — U.S. Agency mortgage-backed securities 75,322 — 75,322 — Municipal securities: Non-taxable 8,502 — 8,502 — Taxable 41,146 — 41,146 — Total recurring fair value measurements $ 282,435 72,242 210,193 — Nonrecurring fair value measurements: Individually evaluated loans $ 22 — — 22 Total nonrecurring fair value measurements $ 22 — — 22 December 31, 2022 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 1,039 1,039 — — Mutual funds 41 41 — — Mutual funds measured at net asset value 1,193 1,193 — — Debt securities, available-for-sale: U.S. Treasury notes 76,447 76,447 — — U.S. Agency notes 77,976 — 77,976 — Corporate bonds 6,685 — 6,685 — U.S. Agency mortgage-backed securities 79,440 — 79,440 — Municipal securities: Non-taxable 8,524 — 8,524 — Taxable 40,778 — 40,778 — Total recurring fair value measurements $ 292,123 78,720 213,403 — Nonrecurring fair value measurements: Individually evaluated loans $ 923 — — 923 Total nonrecurring fair value measurements $ 923 — — 923 The following table presents quantitative information about unobservable inputs used in nonrecurring level 3 fair value measurements at June 30, 2023 and December 31, 2022 (dollars in thousands): Range Fair Value Valuation Technique Unobservable Inputs High Low Weighted Average June 30, 2023 Individually evaluated collateral dependent loans $ 22 Estimated sales price Adjustments for comparable properties, discounts to reflect current market conditions Not applicable December 31, 2022 Individually evaluated loans 923 Discounted cash flows Discount rate 8.13 % 4.63 % 6.04 % Carrying amounts and estimated fair values of financial instruments as of June 30, 2023 and December 31, 2022 were as follows (in thousands): Fair Value Measurements at the End of Carrying Fair Quoted Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2023 FINANCIAL ASSETS: Cash and cash equivalents $ 26,020 26,020 26,020 — — Debt securities, held-to-maturity, net 19,123 17,590 — — 17,590 Loans, net 1,431,295 1,249,702 — — 1,249,702 Accrued interest receivable 7,811 7,811 — 7,811 — FINANCIAL LIABILITIES: Deposits 1,596,709 1,595,620 1,375,690 219,930 — Short-term borrowings 112,289 112,289 112,289 — — Long-term debt 18,122 17,668 — 17,668 — Accrued interest payable 915 915 — 915 — December 31, 2022 FINANCIAL ASSETS: Cash and cash equivalents $ 22,701 22,701 22,701 — — Debt securities, held-to-maturity, net 19,878 18,885 — — 18,885 Loans, net 1,395,632 1,219,112 — — 1,219,112 Accrued interest receivable 7,482 7,482 — 7,482 — FINANCIAL LIABILITIES: Deposits 1,604,970 1,604,380 1,448,470 155,910 — Short-term borrowings 71,455 71,455 71,455 — — Long-term debt 19,072 18,573 — 18,573 — Accrued interest payable 311 311 — 311 — |
Accounting Policies (Policies)
Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Recent Accounting Pronouncements | ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS Financial Accounting Standards (“FASB”) Accounting Standards Update (“ASU”) No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ASU No. 2020-04 was issued in March 2020 and provides optional guidance for a limited period of time to ease the potential burden in accounting for or recognizing the effects of reference rate reform on financial reporting. The amendments provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. Originally, the amendments in this update were effective for all entities as of March 12, 2020 through December 31, 2022. ASU No. 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848" extended the sunset date from December 31, 2022 to December 31, 2024. LCNB has adopted the standard and utilized the LIBOR transition relief allowed under ASU 2020-04 and ASU 2020-06. The impact was immaterial, as all loans indexed to LIBOR were transitioned to another referenced index, predominately the Secured Overnight Financing Rate ("SOFR") for one, three, and six months. In all instances, LCNB was able to meet the criteria for the practical expedients and there was no impact on its results of consolidated operations or financial position. ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASC 326") The Company adopted ASC 326 on January 1, 2023. It significantly changed guidance for recognizing impairment of financial instruments. Previous guidance required an "incurred loss" methodology for recognizing credit losses that delayed recognition until it was probable a loss had been incurred. ASC 326 replaced the incurred loss impairment methodology with a new "current expected credit loss" ("CECL") methodology that reflects expected credit losses over the lives of the credit instruments and requires consideration of a broader range of information to estimate credit losses. ASC 326 requires an organization to estimate all expected credit losses for financial assets measured at amortized cost, including loans and held-to-maturity debt securities, based on historical experience, current conditions, and reasonable and supportable forecasts. It also applies to off-balance sheet credit exposures, such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments. ASC 326 also made changes to the accounting for credit losses on available-for-sale debt securities. Additional disclosures are required. LCNB adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable guidance. The following table shows the impact of adopting ASC 326 on January 1, 2023 (in thousands): As Reported Pre-ASC 326 Impact of ASC 326 Adoption As Reported Under ASC 326 Assets: Loans, gross of allowance $ 1,401,278 341 1,401,619 ACL on loans (5,646) (2,196) (7,842) ACL on debt securities, held to maturity — (7) (7) Deferred tax assets, net 6,639 511 7,150 Liabilities: ACL on off-balance sheet credit exposures — 571 571 Shareholders' Equity: Retained earnings 139,249 (1,922) 137,327 ACL - LOANS The allowance for credit losses ("ACL") is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes that the uncollectability of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in external conditions, such as changes in unemployment rates, property values, or other relevant factors. Accrued interest receivable totaling $6.6 million at June 30, 2023 was excluded from the amortized cost basis of the estimate of credit losses and is reported in interest receivable on the consolidated condensed balance sheets. Loans are generally placed on non-accrual status at 90 days past due or when the borrower's ability to repay becomes doubtful. When a loan is placed on non-accrual status, any accrued interest is reversed and charged against interest income. ACL - LOANS - COLLECTIVELY EVALUATED The ACL is measured on a collective pool basis when similar risk characteristics exist. LCNB has identified the following portfolio segments: • Commercial and industrial loans • Commercial, secured by real estate • Real estate loans secured by owner occupied commercial real estate • Real estate loans secured by non-owner occupied commercial real estate • Real estate loans secured by farmland • Real estate loans secured by multi-family dwellings • Construction loans secured by 1-4 family dwellings • Construction loans secured by other real estate • Residential real estate • Residential real estate loans secured by senior liens on 1-4 family dwellings • Residential real estate loans secured by junior liens on 1-4 family dwellings • Home equity line of credit loans • Consumer loans • Agricultural loans not secured by real estate • DDA Overdrafts Measures of the allowance for credit loss are as follows: Portfolio Segment Pool Methodology Loss Driver(s) Agricultural Ag Production and Other Farm Remaining Life N/A Commercial & industrial Commercial & Industrial Discounted Cash Flow Weighted Combined MSA Unemployment and Coincident Economic Activity (CEA) Index for Ohio Commercial, secured by real estate Commercial Real Estate (CRE) Non-Owner Occupied Discounted Cash Flow Weighted Combined MSA Unemployment Commercial, secured by real estate Commercial Real Estate (CRE) Owner Occupied Discounted Cash Flow Weighted Combined MSA Unemployment and Moody's Commercial Real Estate Price Indexes (CREPI) - US Commercial Commercial, secured by real estate Farm Real Estate Remaining Life N/A Residential real estate Home Equity Line Discounted Cash Flow Weighted Combined MSA Unemployment Consumer Installment - Direct and ODP (Consumer) Discounted Cash Flow Weighted Combined MSA Unemployment Consumer Letter of Credit Discounted Cash Flow/Manual N/A Commercial, secured by real estate Multifamily Discounted Cash Flow Weighted Combined MSA Unemployment Commercial, secured by real estate Other Construction, Land Development, and Other Land Discounted Cash Flow Weighted Combined MSA Unemployment and Weighted Combined MSA Home Price Index Consumer Overdrafts Manual N/A Other Other Loans Remaining Life N/A Residential real estate Real Estate Mortgage Discounted Cash Flow Weighted Combined MSA Unemployment Residential real estate Residential 1-4 Family Construction Discounted Cash Flow Weighted Combined MSA Unemployment and Weighted Combined MSA Home Price Index Residential real estate Second Mortgage (Residential) Discounted Cash Flow Weighted Combined MSA Unemployment *"MSA" referenced above combines forecasts for Cincinnati, Dayton and Columbus metro areas. **"Weighted" referenced above refers to weighted average of baseline and alternative scenarios Management has chosen the discounted cash flow ("DCF") methodology to estimate the quantitative portion of the allowance for credit losses on loans for all loan pools except for the farm real estate and agricultural pools, which use the weighted average remaining maturity ("WARM") methodology. A Loss Driver Analysis (“LDA”) was performed for each segment to identify potential loss drivers and create a regression model for use in forecasting cash flows. The LDA for all DCF-based pools utilized LCNB’s data and peer data from the Federal Financial Institutions Examination Council's (“FFIEC”) Call Report filings. In creating the DCF model, as well as reviewing the model quarterly, management established a one-quarter reasonable and supportable forecast period with a two-quarter straight line reversion to the long-term historical average. Due to the infrequency of losses within the farm real estate and agricultural loan portfolios, LCNB elected to use peer data for a more statistically sound calculation. Key assumptions in the DCF model include the probability of default (“PD”), loss given default (“LGD”), and prepayment/curtailment rates. The model-driven PD and LGD are derived using company specific historical data. Prepayment and curtailment rates were calculated using third party studies of LCNB's data. Expected credit losses are estimated over the contractual term of the loans, adjusted for prepayments when appropriate. The contractual term excludes extensions, renewals, and modifications unless the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Qualitative factors for the DCF and WARM methodologies include the following: • Actual and expected changes in international, national, regional, and local economic and business conditions and developments in which the Company operates that affect the collectability of financial assets; • The effect of other external factors such as the regulatory, legal and technological environments, competition, and events such as natural disasters or pandemics; and • Model risk including statistical risk, reversion risk, timing risk, and model limitation risk. ACL - LOANS - INDIVIDUALLY EVALUATED Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. Management has determined that any loans which have been placed on non-performing status will be individually evaluated. When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the estimated fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty and the loan is expected to be repaid substantially through the operation or sale of the collateral. Other non-performing loans may estimate fair value using either the collateral valuation or the net present value of expected future cash receipts, depending on the financial situation of the borrower. ACL - HELD-TO-MATURITY (“HTM”) DEBT SECURITIES Expected credit losses on HTM debt securities are measured on a collective basis by major security type. Accrued interest receivable on HTM securities totaled $106,000 at June 30, 2023 and is excluded from the estimate of credit losses. The HTM securities portfolio consists of taxable and nontaxable municipal securities from local governmental entities. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. At the time of adoption, the estimated reserve was immaterial. ACL - AVAILABLE-FOR-SALE (“AFS”) DEBT SECURITIES For AFS debt securities in an unrealized loss position, LCNB first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any decline in fair value that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. Changes in the ACL are recorded as a provision for (or recovery of) credit loss expense. Losses are charged against the allowance when management believes that uncollectability of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on AFS debt securities totaled $1.1 million at June 30, 2023 and is excluded from the estimate of credit losses. ACL - OFF-BALANCE SHEET CREDIT EXPOSURES LCNB estimates expected credit losses over the contractual period during which it is exposed to credit risk by a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted as a provision for (or recovery of) credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate is made of expected credit losses on commitments expected to be funded over their estimated lives. Funding rates are based on a historical analysis of the Company’s portfolio, while estimates of credit losses are determined using the same loss rates as funded loans. REGULATORY CAPITAL Federal banking regulatory agencies allow an optional phase-in period of three years for banks to absorb the impact to regulatory capital of implementing CECL. LCNB has elected not to exercise this option and the full impact of adopting ASU No. 2016-13 is included in regulatory capital as of June 30, 2023. Adoption of the ASU did not materially affect LCNB's regulatory capital ratios. ASU No. 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" ASU No. 2022-02 was issued in March 2022 and became effective for LCNB on January 1, 2023. These amendments eliminated previous TDR recognition and measurement guidance and, instead, required that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance disclosure requirements and introduce new disclosure requirements for certain modifications to borrowers experiencing financial difficulties. Additionally, the amendments require the disclosure of current-period gross charge-offs by year of origination. RECENT ACCOUNTING PRONOUNCEMENTS NOT YET EFFECTIVE From time to time the FASB issues an ASU to communicate changes to U.S. GAAP. The following information provides brief summaries of newly issued but not yet effective ASUs that could have an effect on LCNB’s financial position or results of consolidated operations: ASU No. 2023-02, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a Consensus of the Emerging Issues Task Force)" ASU No. 2023-02 was issued in March 2023 and allows reporting entities the option to use the proportional amortization method to account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits when certain requirements are met, regardless of the tax credit program from which the income tax credits are received. The proportional amortization method was previously limited to Low-Income Housing Tax Credit investments. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the income tax credits and other income tax benefits received and recognizes the net amortization and income tax credits and other income tax benefits in the income statement as a component of income tax expense (benefit). For public business entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early adoption is permitted. LCNB does not expect adoption of ASU No. 2023-02 to have a material impact on its results of consolidated operations or financial position. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Gain (Loss) on Securities | Changes in the fair value of equity securities with a readily determinable fair value for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net losses recognized during the period $ (14) (178) (45) (304) Less net gains recognized during the period on equity securities sold during the period — — (61) — Net unrealized gains (losses) recognized during the reporting period on equity securities still held at period end $ (14) (178) 16 (304) |
Realized Gain (Loss) on Investments | |
Marketable Securities | The cost and estimated fair value of equity securities with a readily determinable fair value at June 30, 2023 and December 31, 2022 are summarized as follows (in thousands): June 30, 2023 December 31, 2022 Amortized Cost Fair Amortized Cost Fair Mutual funds $ 1,399 1,207 1,429 1,234 Equity securities 10 72 778 1,039 Total equity securities with a readily determinable fair value $ 1,409 1,279 2,207 2,273 |
Investments Classified by Contractual Maturity Date | Contractual maturities of debt securities at June 30, 2023 were as follows (in thousands). Actual maturities may differ from contractual maturities when issuers have the right to call or prepay obligations. Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair Due within one year $ 8,913 8,805 280 283 Due from one to five years 152,490 137,092 3,585 3,445 Due from five to ten years 68,234 59,281 2,440 2,252 Due after ten years 731 656 12,818 11,610 230,368 205,834 19,123 17,590 U.S. Agency mortgage-backed securities 85,906 75,322 — — $ 316,274 281,156 19,123 17,590 |
Schedule of Unrealized Loss on Investments | Information concerning debt securities with gross unrealized losses at June 30, 2023 and December 31, 2022, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (dollars in thousands): Less than Twelve Months Twelve Months or Greater Fair Unrealized Fair Unrealized June 30, 2023 Available-for-Sale: U.S. Treasury notes $ 198 1 70,765 8,042 U.S. Agency notes — — 78,720 10,337 Corporate bonds — — 5,746 953 U.S. Agency mortgage-backed securities 4,058 110 71,192 10,474 Municipal securities: Non-taxable 2,124 21 5,913 306 Taxable 2,030 51 39,116 4,829 $ 8,410 183 271,452 34,941 Held-to-Maturity: Municipal securities: Non-taxable $ 6,953 618 6,845 544 Taxable — — 3,054 377 $ 6,953 618 9,899 921 December 31, 2022 Available-for-Sale: U.S. Treasury notes $ 16,521 931 59,927 7,549 U.S. Agency notes 7,729 543 70,247 10,641 Corporate Bonds 2,667 283 3,255 495 U.S. Agency mortgage-backed securities 41,543 3,597 37,282 7,714 Municipal securities: Non-taxable 6,831 248 893 120 Taxable 22,162 1,951 18,435 3,828 $ 97,453 7,553 190,039 30,347 Held-to-Maturity: Municipal securities: Non-taxable $ 9,567 593 31 1 Taxable 2,811 370 212 39 $ 12,378 963 243 40 |
Unrealized Gain (Loss) on Investments | The amortized cost and estimated fair value of debt securities and the allowance for credit losses of securities held-to-maturity at June 30, 2023 and December 31, 2022 are summarized as follows (in thousands): Amortized Unrealized Unrealized Fair June 30, 2023 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 79,006 — 8,043 70,963 U.S. Agency notes 89,057 — 10,337 78,720 Corporate bonds 7,450 6 953 6,503 U.S. Agency mortgage-backed securities 85,906 — 10,584 75,322 Municipal securities: Non-taxable 8,829 — 327 8,502 Taxable 46,026 — 4,880 41,146 $ 316,274 6 35,124 281,156 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 15,692 6 1,162 14,536 Taxable 3,431 — 377 3,054 $ 19,123 6 1,539 17,590 December 31, 2022 Debt Securities, Available-for-Sale: U.S. Treasury notes $ 84,927 — 8,480 76,447 U.S. Agency notes 89,160 — 11,184 77,976 Corporate Bonds 7,450 13 778 6,685 U.S. Agency mortgage-backed securities 90,746 5 11,311 79,440 Municipal securities: Non-taxable 8,892 — 368 8,524 Taxable 46,556 1 5,779 40,778 $ 327,731 $ 19 37,900 289,850 Debt Securities, Held-to-Maturity: Municipal securities: Non-taxable $ 16,447 10 594 15,863 Taxable 3,431 — 409 3,022 $ 19,878 10 1,003 18,885 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Receivables [Abstract] | |
Major Classifications of Loans | Major classifications of loans at June 30, 2023 and December 31, 2022 were as follows (in thousands): June 30, 2023 December 31, 2022 Commercial & industrial $ 127,667 120,327 Commercial, secured by real estate: Owner occupied 206,828 208,485 Non-owner occupied 418,655 420,075 Farmland 37,506 36,340 Multi-family 188,870 189,917 Construction loans secured by 1-4 family dwellings 7,166 7,786 Construction loans secured by other real estate 100,426 73,652 Residential real estate: Secured by senior liens on 1-4 family dwellings 276,580 269,822 Secured by junior liens on 1-4 family dwellings 12,612 10,197 Home equity line-of-credit loans 23,704 26,109 Consumer 29,162 28,414 Agricultural 10,006 10,073 Other loans, including deposit overdrafts 69 81 Loans, gross 1,439,251 1,401,278 Less allowance for credit losses 7,956 5,646 Loans, net $ 1,431,295 1,395,632 Loans in the above table are shown net of deferred origination fees and costs. Deferred origination fees, net of related costs, were $844,000 and $980,000 at June 30, 2023 and December 31, 2022, respectively. |
Non-accrual, Past Due, and Accruing Restructured Loans | Non-accrual loans by class of receivable as of June 30, 2023 and December 31, 2022 were as follows (in thousands): June 30, 2023 December 31, 2022 Non-accrual Loans with no Allowance for Credit Losses Total Non-accrual Loans Interest Income Recognized Non-accrual Loans with no Allowance for Credit Losses Total Non-accrual Loans Interest Income Recognized Commercial & industrial $ — — — — — 3 Commercial, secured by real estate: Owner occupied — — — 231 231 15 Non-owner occupied — — — — — — Farmland 85 85 9 88 88 12 Multi-family — — — — — — Construction loans secured by 1-4 family dwellings — — — — — — Construction loans secured by other real estate — — — — — — Residential real estate: Secured by senior liens on 1-4 family dwellings 366 366 2 72 72 4 Secured by junior liens on 1-4 family dwellings — — — — — — Home equity line-of-credit loans — — — — — — Consumer — — — — — — Agricultural — — — — — — Total $ 451 451 11 391 391 34 |
Allowance for Loan Losses and Recorded Investments in Loans | The following table presents activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2023 and 2022 (in thousands): Commercial Commercial, Secured by Residential Consumer Agricultural Other Total Three Months Ended June 30, 2023 Balance, beginning of period $ 1,047 4,927 1,351 526 7 — 7,858 Provision for (recovery of) credit losses 33 96 (25) 12 (2) 17 131 Losses charged off (15) — — (4) — (30) (49) Recoveries — — — 1 — 15 16 Balance, end of period $ 1,065 5,023 1,326 535 5 2 7,956 Ratio of net charge-offs to average loans 0.05 % — % — % 0.04 % — % 91.85 % 0.01 % Six Months Ended June 30, 2023 Balance, beginning of year, prior to adoption of ASC 326 $ 1,300 3,609 624 86 22 5 5,646 Impact of adopting ASC 326 (512) 1,440 836 446 (9) (5) 2,196 Provision for (recovery of) credit losses 292 (26) (134) 9 (8) 30 163 Losses charged off (15) — — (9) — (61) (85) Recoveries — — — 3 — 33 36 Balance, end of period $ 1,065 5,023 1,326 535 5 2 7,956 Ratio of net charge-offs to average loans 0.02 % — % — % 0.04 % — % 79.90 % 0.01 % Three Months Ended June 30, 2022 Balance, beginning of period $ 1,297 3,494 639 73 18 9 5,530 Provision for (recovery of) credit losses (10) 398 (32) (6) — 27 377 Losses charged off — (67) — — — (49) (116) Recoveries — — 18 — — 24 42 Balance, end of period $ 1,287 3,825 625 67 18 11 5,833 Ratio of net charge-offs to average loans — % 0.03 % (0.02) % — % — % 159.17 % 0.02 % Six Months Ended June 30, 2022 Balance, beginning of year $ 1,095 3,607 665 105 30 4 5,506 Provision for (recovery of) credit losses 192 285 (54) (33) (12) 48 426 Losses charged off — (67) (5) (5) — (76) (153) Recoveries — — 19 — — 35 54 Balance, end of period $ 1,287 3,825 625 67 18 11 5,833 Ratio of net charge-offs to average loans — % 0.02 % (0.01) % 0.03 % — % 100.02 % 0.01 % A breakdown of the allowance for credit losses and allowance for loan losses and the loan portfolio by portfolio segment at June 30, 2023 and December 31, 2022 were as follows (in thousands): Commercial Commercial, Secured by Residential Consumer Agricultural Other Total June 30, 2023 Allowance for credit losses: Individually evaluated for credit losses $ 3 22 5 34 — — 64 Collectively evaluated for credit loss 1,062 5,001 1,321 501 5 2 7,892 Balance, end of period $ 1,065 5,023 1,326 535 5 2 7,956 Loans: Individually evaluated for credit losses $ 170 4,200 1,181 56 — — 5,607 Collectively evaluated for credit loss 127,497 955,251 311,715 29,106 10,006 69 1,433,644 Balance, end of period $ 127,667 959,451 312,896 29,162 10,006 69 1,439,251 December 31, 2022 Allowance for loan losses: Individually evaluated for credit losses $ 4 11 6 — — — 21 Collectively evaluated for credit loss 1,296 3,598 618 86 22 5 5,625 Balance, end of period $ 1,300 3,609 624 86 22 5 5,646 Loans: Individually evaluated for credit losses $ 114 963 482 — — — 1,559 Collectively evaluated for credit loss 119,799 934,568 304,770 28,414 10,073 81 1,397,705 Acquired credit impaired loans 414 724 876 — — — 2,014 Balance, end of period $ 120,327 936,255 306,128 28,414 10,073 81 1,401,278 |
Analysis of the Company's Loan Portfolio by Credit Quality Indicators | The following table presents the amortized cost basis of loans by vintage and credit quality indicators at June 30, 2023 and December 31, 2022 (in thousands). The December 31, 2022 table is shown for comparison purposes. Term Loans by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total June 30, 2023 Commercial & industrial Pass $ 15,628 31,805 31,221 15,822 3,193 6,174 16,121 311 120,275 OAEM — — 1,481 — 1,870 — 1,471 — 4,822 Substandard — 1,510 — 116 — 565 379 — 2,570 Doubtful — — — — — — — — — Total 15,628 33,315 32,702 15,938 5,063 6,739 17,971 311 127,667 Gross charge-offs — — — — — 15 — — 15 Commercial, secured by real estate Pass 55,197 139,557 132,728 95,914 95,698 281,327 135,261 101 935,783 OAEM — 7,803 — — 799 7,319 — — 15,921 Substandard — — 698 — 917 6,132 — — 7,747 Doubtful — — — — — — — — — Total 55,197 147,360 133,426 95,914 97,414 294,778 135,261 101 959,451 Gross charge-offs — — — — — — — — — Residential real estate Pass 22,095 29,824 84,333 51,904 16,479 82,517 22,571 242 309,965 OAEM — — — — — — — — — Substandard — — — — 4 2,927 — — 2,931 Doubtful — — — — — — — — — Total 22,095 29,824 84,333 51,904 16,483 85,444 22,571 242 312,896 Gross charge-offs — — — — — — — — — Consumer Pass 7,097 6,991 6,118 6,197 2,070 444 103 — 29,020 OAEM — — — — — — — — — Substandard — 50 59 22 11 — — — 142 Doubtful — — — — — — — — — Total 7,097 7,041 6,177 6,219 2,081 444 103 — 29,162 Gross charge-offs — — 9 — — — — — 9 Agricultural Pass 1,499 496 204 765 46 55 6,941 — 10,006 OAEM — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 1,499 496 204 765 46 55 6,941 — 10,006 Gross charge-offs — — — — — — — — — Other Pass — — — — — — 69 — 69 OAEM — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total — — — — — — 69 — 69 Gross charge-offs — — — — — — 61 — 61 Total loans $ 101,516 218,036 256,842 170,740 121,087 387,460 182,916 654 1,439,251 Term Loans by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total December 31, 2022 Commercial & industrial Pass $ 30,132 36,341 20,936 3,632 2,499 5,630 15,403 — 114,573 OAEM — — — 2,142 — — 1,602 — 3,744 Substandard 1,540 — 106 — — 51 313 — 2,010 Doubtful — — — — — — — — — Total 31,672 36,341 21,042 5,774 2,499 5,681 17,318 — 120,327 Gross charge-offs — — — — — — — — — Commercial, secured by real estate Pass 135,503 142,446 96,272 100,363 75,387 229,175 129,274 4,955 913,375 OAEM 7,931 — — — 7,413 — — — 15,344 Substandard — — — — — 7,536 — — 7,536 Doubtful — — — — — — — — — Total 143,434 142,446 96,272 100,363 82,800 236,711 129,274 4,955 936,255 Gross charge-offs — — — — — 67 — — 67 Residential real estate Pass 27,892 86,952 54,144 17,804 13,298 78,969 24,359 1,095 304,513 OAEM — — — — — — — — — Substandard — — — 37 — 1,572 — 6 1,615 Doubtful — — — — — — — — — Total 27,892 86,952 54,144 17,841 13,298 80,541 24,359 1,101 306,128 Gross charge-offs — — — — — 5 — — 5 Consumer Pass 8,786 7,561 8,108 3,145 413 316 82 — 28,411 OAEM — — — — — — — — — Substandard 3 — — — — — — — 3 Doubtful — — — — — — — — — Total 8,789 7,561 8,108 3,145 413 316 82 — 28,414 Gross charge-offs — — — 5 — — — — 5 Agricultural Pass 533 243 865 63 116 29 8,224 — 10,073 OAEM — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 533 243 865 63 116 29 8,224 — 10,073 Gross charge-offs — — — — — — — — — Other Pass — — — — — — 81 — 81 OAEM — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total — — — — — — 81 — 81 Gross charge-offs — — — — — — 76 — 76 Total loans $ 212,320 273,543 180,431 127,186 99,126 323,278 179,338 6,056 1,401,278 |
Loan Portfolio Aging Analysis | A loan portfolio aging analysis by class segment at June 30, 2023 and December 31, 2022 is as follows (in thousands): 30-59 Days 60-89 Days 90 Days or More Past Due Total Current Total Loans 90 Days or More Past Due and June 30, 2023 Commercial & industrial $ — 1,789 — 1,789 125,878 127,667 — Commercial, secured by real estate: Owner occupied 74 — — 74 206,754 206,828 — Non-owner occupied — — — — 418,655 418,655 — Farmland — — — — 37,506 37,506 — Multi-family — — — — 188,870 188,870 — Construction loans secured by 1-4 family dwellings — — — — 7,166 7,166 — Construction loans secured by other real estate — — — — 100,426 100,426 — Residential real estate: Secured by senior liens on 1-4 family dwellings 231 50 297 578 276,002 276,580 256 Secured by junior liens on 1-4 family dwellings — — — — 12,612 12,612 — Home equity line-of-credit loans — — — — 23,704 23,704 — Consumer 47 129 — 176 28,986 29,162 — Agricultural — — — — 10,006 10,006 — Other 69 — — 69 — 69 — Total $ 421 1,968 297 2,686 1,436,565 1,439,251 256 December 31, 2022 Commercial & industrial $ — — — — 120,327 120,327 — Commercial, secured by real estate: Owner occupied — — — — 208,485 208,485 — Non-owner occupied — — — — 420,075 420,075 — Farms — — — — 36,340 36,340 — Multi-family — — — — 189,917 189,917 — Construction loans secured by 1-4 family dwellings — — — — 7,786 7,786 — Construction loans secured by other real estate — — — — 73,652 73,652 — Residential real estate Secured by senior liens on 1-4 family dwellings 81 — 79 160 269,662 269,822 39 Secured by junior liens on 1-4 family dwellings — — — — 10,197 10,197 — Home equity line-of-credit loans — — — — 26,109 26,109 — Consumer 117 3 — 120 28,294 28,414 — Agricultural — — — — 10,073 10,073 — Other 81 — — 81 — 81 — Total $ 279 3 79 361 1,400,917 1,401,278 39 |
Schedule of Troubled Debt Restructurings, Modification Type [Table Text Block] | |
Schedule Of Collateral Dependent Individually Analyzed Financing Receivables | The following table presents the carrying value and related allowance of collateral dependent individually evaluated loans by class segment at the dates indicated (in thousands): June 30, 2023 December 31, 2022 Carrying Value Related Allowance Carrying Value Related Allowance Commercial & industrial $ — — — — Commercial, secured by real estate Owner occupied 74 — 230 — Non-owner occupied 698 — — — Farmland 85 — 88 — Multi-family — — — — Construction loans secured by 1-4 family dwellings — — — — Construction loans secured by other real estate — — — Residential real estate Secured by senior liens on 1-4 family dwellings 623 — 40 — Secured by junior liens on 1-4 family dwellings — — — — Home equity line-of-credit loans — — — — Consumer 56 34 — — Agricultural — — — — Other loans, including deposit overdrafts — — — — Total $ 1,536 34 358 — |
Affordable Housing Tax Credit_2
Affordable Housing Tax Credit Limited Partnership (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Activity in Affordable Housing Program Obligation | The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, Affordable housing tax credit investment $ 16,950 16,950 Less amortization 3,986 3,268 Net affordable housing tax credit investment $ 12,964 13,682 Unfunded commitment $ 6,348 7,185 The following table presents other information relating to LCNB's affordable housing tax credit investments for the three and six months ended June 30, 2023 and 2022 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Tax credits and other tax benefits recognized $ 434 357 864 714 Tax credit amortization expense included in provision for income taxes 361 304 718 601 |
Deposits (Tables)
Deposits (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Statement of Financial Position [Abstract] | |
Composition of Deposit Liabilities | The following table presents the composition of LCNB's deposits at June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, Demand deposits $ 480,288 505,824 Interest-bearing demand and money fund deposits 505,078 510,324 Savings deposits 390,324 432,322 IRA and time certificates 221,019 156,500 Total $ 1,596,709 1,604,970 |
Time Deposit Maturities | Contractual maturities of time deposits at June 30, 2023 were as follows (in thousands): July 1, 2023 - June 30, 2024 $ 86,215 July 1, 2024 - June 30, 2025 117,708 July 1, 2025 - June 30, 2026 6,316 July 1, 2026 - June 30, 2027 7,165 July 1, 2027 - June 30, 2028 2,607 Thereafter 1,008 $ 221,019 |
Borrowings (Tables)
Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Long-Term Debt Instruments | at June 30, 2023 and December 31, 2022 was as follows (dollars in thousands): June 30, 2023 December 31, 2022 Amount Rate Amount Rate Term loan $ 13,122 4.25 % $ 14,072 4.25 % FHLB long-term advances 5,000 3.02 % 5,000 3.02 % $ 18,122 3.91 % $ 19,072 3.93 % |
Schedule of Maturities of Long-Term Debt | Contractual maturities of long-term debt at June 30, 2023 and December 31, 2022 were as follows ( in thousands): June 30, December 31, One year $ 6,958 6,918 Two years 11,164 2,001 Three years — 10,153 Total $ 18,122 19,072 |
Schedule of Short-Term Debt | Short-term borrowings at June 30, 2023 and December 31, 2022 were as follows (dollars in thousands): June 30, 2023 December 31, 2022 Amount Rate Amount Rate Revolving line of credit $ — — % $ 3,000 7.25 % Other lines of credit 12,289 5.75 % 18,455 5.00 % FHLB short-term advances 100,000 5.04 % 50,000 4.40 % $ 112,289 5.12 % $ 71,455 4.67 % |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Leases [Abstract] | |
Lease, Cost | Components of lease expense for the three and six months ended June 30, 2023 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Operating lease expense $ 283 185 442 344 Short-term lease expense 12 50 46 84 Variable lease expense 3 1 3 1 Other 7 2 10 5 Total lease expense $ 305 238 501 434 |
Lessee, Leases, Other Information | Other information related to leases at June 30, 2023 were as follows (dollars in thousands): Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 223 Right-of-use assets obtained in exchange for new operating lease liabilities $ — Weighted average remaining lease term in years for operating leases 32.7 Weighted average discount rate for operating leases 3.49 % |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
Reconciliation between Statutory Income Tax and Effective Tax Rate | A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Statutory tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) resulting from: Tax exempt interest (0.6) % (0.6) % (0.6) % (0.6) % Tax exempt income on bank-owned life insurance (1.0) % (0.8) % (1.1) % (0.9) % Captive insurance premium income (0.8) % (0.9) % (0.9) % (0.9) % Affordable housing tax credit limited partnerships (1.3) % (0.8) % (1.4) % (0.9) % Other, net 0.6 % 0.1 % 0.8 % — % Effective tax rate 17.9 % 18.0 % 17.8 % 17.7 % |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Financial Instruments Whose Contract Amounts Represent Off-Balance-Sheet Credit Risk | Financial instruments whose contract amounts represent off-balance-sheet credit risk at June 30, 2023 and December 31, 2022 were as follows (in thousands): June 30, 2023 December 31, 2022 Commitments to extend credit: Commercial loans $ 47,388 22,823 Other loans Fixed rate 3,619 191 Adjustable rate 6,196 1,422 Unused lines of credit: Fixed rate 36,866 41,558 Adjustable rate 189,163 238,876 Unused overdraft protection amounts on demand accounts 16,501 16,566 Standby letters of credit 5 5 Total commitments $ 299,738 321,441 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive Income | Changes in accumulated other comprehensive loss for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, Unrealized Gains and Losses on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total Unrealized Gains and Losses on Available-for-Sale Debt Securities Changes in Pension Plan Assets and Benefit Obligations Total 2023 Balance at beginning of period $ (24,977) (27) (25,004) (29,927) (27) (29,954) Other comprehensive income (loss), net of taxes (2,767) — (2,767) 2,183 — 2,183 Balance at end of period $ (27,744) (27) (27,771) (27,744) (27) (27,771) 2022 Balance at beginning of period $ (14,725) (272) (14,997) (1,536) (273) (1,809) Other comprehensive (loss) income, net of taxes (6,945) 2 (6,943) (20,134) 3 (20,131) Balance at end of period $ (21,670) (270) (21,940) (21,670) (270) (21,940) There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2023 and 2022. |
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income |
Retirement Plans (Tables)
Retirement Plans (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Retirement Benefits [Abstract] | |
Summary of Funding and Administrative Cost of Qualified Noncontributory Defined Benefit Retirement Plan and 401(k) Plan Charged to Salaries and Employee Benefits | Funding and administrative costs of the qualified noncontributory defined benefit retirement plan and 401(k) plan charged to pension and other employee benefits in the consolidated condensed statements of income for the three and six-month period ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Qualified noncontributory defined benefit retirement plan $ 338 308 677 616 401(k) plan 165 157 365 337 |
Components of Net Periodic Pension Cost of Nonqualified Defined Benefit Retirement Plan | The components of net periodic pension cost of the nonqualified defined benefit retirement plan for the three and six months ended June 30, 2023 and 2022 are summarized as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest cost 19 14 38 26 Amortization of unrecognized net loss — 2 — 4 Net periodic pension cost $ 19 16 $ 38 30 |
Amount Recognized in Accumulated Other Comprehensive Income, Net of Deferred Federal Income Taxes for Nonqualified Defined Retirement Plan | Amounts recognized in accumulated other comprehensive loss, net of tax, for the nonqualified defined benefit retirement plan for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net actuarial loss $ — (2) — (3) |
Stock Based Compensation (Table
Stock Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Summary of Restricted Stock Awards Activity | Restricted stock awards granted under the 2015 Plan during the three and six months ended June 30, 2023 and 2022 were as follows: 2023 2022 Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value Outstanding, January 1, 58,314 $ 17.99 44,512 $ 17.08 Granted 44,150 17.84 32,554 19.25 Vested (23,447) 17.89 (18,752) 18.02 Forfeited — — — — Outstanding, June 30, 79,017 $ 17.94 58,314 $ 17.99 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount | The following table presents expense recorded in salaries and employee benefits for restricted stock awards and the related tax information for the three and six months ended June 30, 2023 and 2022 (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Restricted stock expense $ 82 107 398 304 Tax effect 17 23 83 64 |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Earnings Per Share [Abstract] | |
Computations of Earnings per Common Share | Earnings per share for the three and six months ended June 30, 2023 and 2022 were calculated as follows (dollars in thousands, except share and per share data): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net income $ 4,694 5,618 8,851 10,141 Less allocation of earnings and dividends to participating securities 33 29 63 53 Net income allocated to common shareholders $ 4,661 5,589 8,788 10,088 Weighted average common shares outstanding, gross 11,135,325 11,396,119 11,202,300 11,635,949 Less average participating securities 79,017 58,314 79,929 59,076 Adjusted weighted average number of shares outstanding used in the calculation of basic and diluted earnings per common share 11,056,308 11,337,805 11,122,371 11,576,873 Earnings per common share: Basic $ 0.42 0.49 $ 0.79 0.87 Diluted 0.42 0.49 0.79 0.87 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Summary of Valuation of LCNB's Assets Recorded at Fair Value by Inputs Level | The following table summarizes the valuation of LCNB's assets recorded at fair value by input levels as of June 30, 2023 and December 31, 2022 (in thousands): Fair Value Measurements at the End of Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2023 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 72 72 — — Mutual funds measured at net asset value 1,207 1,207 — — Debt securities, available-for-sale: U.S. Treasury notes 70,963 70,963 — — U.S. Agency notes 78,720 — 78,720 — Corporate bonds 6,503 — 6,503 — U.S. Agency mortgage-backed securities 75,322 — 75,322 — Municipal securities: Non-taxable 8,502 — 8,502 — Taxable 41,146 — 41,146 — Total recurring fair value measurements $ 282,435 72,242 210,193 — Nonrecurring fair value measurements: Individually evaluated loans $ 22 — — 22 Total nonrecurring fair value measurements $ 22 — — 22 December 31, 2022 Recurring fair value measurements: Equity securities with a readily determinable fair value: Equity securities $ 1,039 1,039 — — Mutual funds 41 41 — — Mutual funds measured at net asset value 1,193 1,193 — — Debt securities, available-for-sale: U.S. Treasury notes 76,447 76,447 — — U.S. Agency notes 77,976 — 77,976 — Corporate bonds 6,685 — 6,685 — U.S. Agency mortgage-backed securities 79,440 — 79,440 — Municipal securities: Non-taxable 8,524 — 8,524 — Taxable 40,778 — 40,778 — Total recurring fair value measurements $ 292,123 78,720 213,403 — Nonrecurring fair value measurements: Individually evaluated loans $ 923 — — 923 Total nonrecurring fair value measurements $ 923 — — 923 |
Fair Value Measurements Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques | The following table presents quantitative information about unobservable inputs used in nonrecurring level 3 fair value measurements at June 30, 2023 and December 31, 2022 (dollars in thousands): Range Fair Value Valuation Technique Unobservable Inputs High Low Weighted Average June 30, 2023 Individually evaluated collateral dependent loans $ 22 Estimated sales price Adjustments for comparable properties, discounts to reflect current market conditions Not applicable December 31, 2022 Individually evaluated loans 923 Discounted cash flows Discount rate 8.13 % 4.63 % 6.04 % |
Carrying Amounts and Estimated Fair Values of Financial Instruments | Carrying amounts and estimated fair values of financial instruments as of June 30, 2023 and December 31, 2022 were as follows (in thousands): Fair Value Measurements at the End of Carrying Fair Quoted Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2023 FINANCIAL ASSETS: Cash and cash equivalents $ 26,020 26,020 26,020 — — Debt securities, held-to-maturity, net 19,123 17,590 — — 17,590 Loans, net 1,431,295 1,249,702 — — 1,249,702 Accrued interest receivable 7,811 7,811 — 7,811 — FINANCIAL LIABILITIES: Deposits 1,596,709 1,595,620 1,375,690 219,930 — Short-term borrowings 112,289 112,289 112,289 — — Long-term debt 18,122 17,668 — 17,668 — Accrued interest payable 915 915 — 915 — December 31, 2022 FINANCIAL ASSETS: Cash and cash equivalents $ 22,701 22,701 22,701 — — Debt securities, held-to-maturity, net 19,878 18,885 — — 18,885 Loans, net 1,395,632 1,219,112 — — 1,219,112 Accrued interest receivable 7,482 7,482 — 7,482 — FINANCIAL LIABILITIES: Deposits 1,604,970 1,604,380 1,448,470 155,910 — Short-term borrowings 71,455 71,455 71,455 — — Long-term debt 19,072 18,573 — 18,573 — Accrued interest payable 311 311 — 311 — |
Basis of Presentation (Details)
Basis of Presentation (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Loans gross | $ 1,401,278 | |||||
Allowance for loan losses | $ (7,956) | $ (7,858) | (5,646) | $ (5,833) | $ (5,530) | $ (5,506) |
Debt Securities, Held-to-Maturity, Allowance for Credit Loss | 0 | |||||
Deferred Tax Assets, Net | 6,639 | |||||
Off-Balance-Sheet, Credit Loss, Liability | 0 | |||||
Retained earnings | 141,431 | 139,249 | ||||
Financing Receivable, Accrued Interest, before Allowance for Credit Loss | 6,600 | |||||
Debt Securities, Held-to-Maturity, Accrued Interest, before Allowance for Credit Loss | 106 | |||||
Debt Securities, Available-for-Sale, Accrued Interest, Before Allowance for Credit Loss | $ 1,100 | |||||
Accounting Standards Update 2016-13 | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Allowance for loan losses | (2,196) | |||||
Cumulative Effect, Period of Adoption, Adjusted Balance | Accounting Standards Update 2016-13 | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Loans gross | 1,401,619 | |||||
Allowance for loan losses | (7,842) | |||||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss | (7) | |||||
Deferred Tax Assets, Net | 7,150 | |||||
Off-Balance-Sheet, Credit Loss, Liability | 571 | |||||
Retained earnings | 137,327 | |||||
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13 | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Loans gross | 341 | |||||
Allowance for loan losses | (2,196) | |||||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss | (7) | |||||
Deferred Tax Assets, Net | 511 | |||||
Off-Balance-Sheet, Credit Loss, Liability | 571 | |||||
Retained earnings | $ (1,922) |
Acquisition (Details)
Acquisition (Details) | 6 Months Ended | |
Jun. 30, 2023 USD ($) | Mar. 31, 2023 USD ($) branch shares | |
Asset Acquisition [Line Items] | ||
Business Combination, Number Of Stock Options Outstanding, Company To Be Acquired | shares | 296,350 | |
Cincinnati Bancorp, Inc. | ||
Asset Acquisition [Line Items] | ||
Business Combination, Total Assets Of Company To Be Acquired | $ 304,700,000 | |
Business Combination, Total Financing Receivables Of Company To Be Acquired | 262,900,000 | |
Business Combination, Total Deposit Liabilities Of Company To Be Acquired | 223,600,000 | |
Business Combination, Total Stockholders' Equity Of Company To Be Acquired | $ 40,300,000 | |
Business Combination, Number Offices Operated By Company To Be Acquired | branch | 5 | |
Business Combination, Shares Of Common Stock Outstanding, Company To Be Acquired | shares | 2,884,171 | |
Business Combination, Weighted Average Stock Price of Stock Options Outstanding, Company To Be Acquired | $ 10.65 | |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 0.9274 | |
Business Combination, Consideration To Be Transferred, Cash Payment Per Share Of Acquiree Stock | 17.21 | |
Business Combination, Consideration To Be Transferred, Cancellation of Stock Options, Cash Payment Per Option Less Exercise Price Of Option | $ 17.21 | |
Business Combination, Consideration To Be Transferred, Per-Centage of Acquiree Common Stock To Be Transferred For Common Stock Of Acquiror | 80% | |
Business Combination, Acquiree Shareholders' Equity Balance Below Which Transaction Consideration Will Be Adjusted, As Measured Three Days Before Closing Date | $ 36,800,000 | |
Cincinnati Bancorp, Inc. | Northern Kentucky | ||
Asset Acquisition [Line Items] | ||
Business Combination, Pro-Forma Number Of Offices After Acquisition | 1 | |
Cincinnati Bancorp, Inc. | OHIO | ||
Asset Acquisition [Line Items] | ||
Business Combination, Pro-Forma Number Of Offices After Acquisition | 33 |
Investment Securities, Amortize
Investment Securities, Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Securities, Available-for-Sale: | ||
Amortized Cost | $ 316,274 | $ 327,731 |
Unrealized Gains | 6 | 19 |
Unrealized Losses | 35,124 | 37,900 |
Fair Value | (281,156) | (289,850) |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 19,123 | 19,878 |
Unrealized Gains | 6 | 10 |
Unrealized Losses | 1,539 | 1,003 |
Fair Value | 17,590 | 18,885 |
Equity Securities, Amortized Cost Basis | 1,409 | 2,207 |
Equity securities with a readily determinable fair value, at fair value | 1,279 | 2,273 |
U.S. Treasury notes [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 79,006 | 84,927 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | 8,043 | 8,480 |
Fair Value | (70,963) | (76,447) |
U.S. Agency notes [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 89,057 | 89,160 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | 10,337 | 11,184 |
Fair Value | (78,720) | (77,976) |
U.S. Agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 85,906 | 90,746 |
Unrealized Gains | 0 | 5 |
Unrealized Losses | 10,584 | 11,311 |
Fair Value | (75,322) | (79,440) |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 0 | |
Fair Value | 0 | |
Non-taxable Municipal securities [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 8,829 | 8,892 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | 327 | 368 |
Fair Value | (8,502) | (8,524) |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 15,692 | 16,447 |
Unrealized Gains | 6 | 10 |
Unrealized Losses | 1,162 | 594 |
Fair Value | 14,536 | 15,863 |
Taxable Municipal securities [Member] | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 46,026 | 46,556 |
Unrealized Gains | 0 | 1 |
Unrealized Losses | 4,880 | 5,779 |
Fair Value | (41,146) | (40,778) |
Debt Securities, Held-to-Maturity: | ||
Amortized Cost | 3,431 | 3,431 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | 377 | 409 |
Fair Value | 3,054 | 3,022 |
Mutual funds [Member] | ||
Debt Securities, Held-to-Maturity: | ||
Equity Securities, Amortized Cost Basis | 1,399 | 1,429 |
Equity securities with a readily determinable fair value, at fair value | 1,207 | 1,234 |
Equity securities [Member] | ||
Debt Securities, Held-to-Maturity: | ||
Equity Securities, Amortized Cost Basis | 10 | 778 |
Equity securities with a readily determinable fair value, at fair value | 72 | 1,039 |
Corporate Debt Securities | ||
Debt Securities, Available-for-Sale: | ||
Amortized Cost | 7,450 | 7,450 |
Unrealized Gains | 6 | 13 |
Unrealized Losses | 953 | 778 |
Fair Value | $ (6,503) | $ (6,685) |
Investment Securities, Continuo
Investment Securities, Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $ 271,452 | $ 190,039 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 34,941 | 30,347 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 8,410 | 97,453 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 183 | 7,553 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 6,953 | 12,378 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 618 | 963 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 9,899 | 243 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 921 | 40 |
U.S. Agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 71,192 | 37,282 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 10,474 | 7,714 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 4,058 | 41,543 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 110 | 3,597 |
Non-taxable Municipal securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 5,913 | 893 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 306 | 120 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 2,124 | 6,831 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 21 | 248 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 6,953 | 9,567 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 618 | 593 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 6,845 | 31 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 544 | 1 |
Taxable Municipal securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 39,116 | 18,435 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 4,829 | 3,828 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 2,030 | 22,162 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 51 | 1,951 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 0 | 2,811 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 370 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 3,054 | 212 |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 377 | 39 |
U.S. Agency notes [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 78,720 | 70,247 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 10,337 | 10,641 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 7,729 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 543 |
Corporate Debt Securities | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 5,746 | 3,255 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 953 | 495 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 2,667 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 283 |
US Government Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 70,765 | 59,927 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 8,042 | 7,549 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 198 | 16,521 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $ 1 | $ 931 |
Investment Securities, Maturiti
Investment Securities, Maturities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Available-for-Sale, Amortized Cost | ||
Due within one year | $ 8,913 | |
Due from one to five years | 152,490 | |
Due from five to ten years | 68,234 | |
Due after ten years | 731 | |
Amortized Cost Basis | 230,368 | |
Amortized Cost | 316,274 | $ 327,731 |
Available-for-Sale, Fair Value | ||
Due within one year | 8,805 | |
Due from one to five years | 137,092 | |
Due from five to ten years | 59,281 | |
Due after ten years | 656 | |
Total available-for-sale, maturities | 205,834 | |
Fair Value | 281,156 | 289,850 |
Held-to-Maturity, Amortized Cost | ||
Due within one year | 280 | |
Due from one to five years | 3,585 | |
Due from five to ten years | 2,440 | |
Due after ten years | 12,818 | |
Amortized Cost | 19,123 | 19,878 |
Held-to-Maturity, Fair Value | ||
Due within one year | 283 | |
Due from one to five years | 3,445 | |
Due from five to ten years | 2,252 | |
Due after ten years | 11,610 | |
Held-to-maturity, fair value | 17,590 | 18,885 |
U.S. Agency mortgage-backed securities [Member] | ||
Available-for-Sale, Amortized Cost | ||
Amortized Cost | 85,906 | 90,746 |
Available-for-Sale, Fair Value | ||
Fair Value | 75,322 | $ 79,440 |
Held-to-Maturity, Amortized Cost | ||
Amortized Cost | 0 | |
Held-to-Maturity, Fair Value | ||
Held-to-maturity, fair value | $ 0 |
Investment Securities, Equity S
Investment Securities, Equity Securities Changes in Fair Value Recognized in Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Debt and Equity Securities, FV-NI [Line Items] | |||||
Net losses recognized during the period | $ (14) | $ (178) | $ (45) | $ (304) | |
Less net gains recognized during the period on equity securities sold during the period | 0 | 0 | (61) | 0 | |
Net unrealized gains (losses) recognized during the reporting period on equity securities still held at period end | (14) | $ (178) | 16 | $ (304) | |
Equity Securities, Amortized Cost Basis | 1,409 | 1,409 | $ 2,207 | ||
Equity securities with a readily determinable fair value, at fair value | 1,279 | 1,279 | 2,273 | ||
Mutual funds [Member] | |||||
Debt and Equity Securities, FV-NI [Line Items] | |||||
Equity Securities, Amortized Cost Basis | 1,399 | 1,399 | 1,429 | ||
Equity securities with a readily determinable fair value, at fair value | 1,207 | 1,207 | 1,234 | ||
Equity securities [Member] | |||||
Debt and Equity Securities, FV-NI [Line Items] | |||||
Equity Securities, Amortized Cost Basis | 10 | 10 | 778 | ||
Equity securities with a readily determinable fair value, at fair value | $ 72 | $ 72 | $ 1,039 |
Investment Securities (Details)
Investment Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt securities, available-for-sale, at fair value | $ 281,156 | $ 289,850 |
Asset Pledged as Collateral | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt securities, available-for-sale, at fair value | $ 123,100 | $ 166,400 |
Loans, Major Classifications of
Loans, Major Classifications of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | $ 1,439,251 | $ 1,401,278 | ||||
Allowance for loan losses | 7,956 | $ 7,858 | 5,646 | $ 5,833 | $ 5,530 | $ 5,506 |
Total | 1,431,295 | 1,395,632 | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,439,251 | 1,401,278 | ||||
Loans and Leases Receivable, Deferred Income | 844 | 980 | ||||
Commercial and industrial [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 127,667 | 120,327 | ||||
Allowance for loan losses | 1,065 | 1,047 | 1,300 | 1,287 | 1,297 | 1,095 |
Loans and Leases Receivable, Net of Deferred Income | 127,667 | 120,327 | ||||
Commercial, secured by real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 959,451 | 936,255 | ||||
Allowance for loan losses | 5,023 | 4,927 | 3,609 | 3,825 | 3,494 | 3,607 |
Residential real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 312,896 | 306,128 | ||||
Allowance for loan losses | 1,326 | 1,351 | 624 | 625 | 639 | 665 |
Consumer [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 29,162 | 28,414 | ||||
Allowance for loan losses | 535 | 526 | 86 | 67 | 73 | 105 |
Loans and Leases Receivable, Net of Deferred Income | 29,162 | 28,414 | ||||
Agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 10,006 | 10,073 | ||||
Allowance for loan losses | 5 | 7 | 22 | 18 | 18 | 30 |
Loans and Leases Receivable, Net of Deferred Income | 10,006 | 10,073 | ||||
Other loans, including deposit overdrafts [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 69 | 81 | ||||
Allowance for loan losses | 2 | $ 0 | 5 | $ 11 | $ 9 | $ 4 |
Loans and Leases Receivable, Net of Deferred Income | 69 | 81 | ||||
Commercial Real Estate, Owner Occupied Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 206,828 | 208,485 | ||||
Loans and Leases Receivable, Net of Deferred Income | 206,828 | 208,485 | ||||
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 418,655 | 420,075 | ||||
Loans and Leases Receivable, Net of Deferred Income | 418,655 | 420,075 | ||||
Commercial Real Estate, Farmland Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 37,506 | 36,340 | ||||
Loans and Leases Receivable, Net of Deferred Income | 37,506 | 36,340 | ||||
Commercial Real Estate, Multifamily Properties Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 188,870 | 189,917 | ||||
Loans and Leases Receivable, Net of Deferred Income | 188,870 | 189,917 | ||||
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 7,166 | 7,786 | ||||
Loans and Leases Receivable, Net of Deferred Income | 7,166 | 7,786 | ||||
Commercial Real Estate, Construction Loans, Other Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 100,426 | 73,652 | ||||
Loans and Leases Receivable, Net of Deferred Income | 100,426 | 73,652 | ||||
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 276,580 | 269,822 | ||||
Loans and Leases Receivable, Net of Deferred Income | 276,580 | 269,822 | ||||
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 12,612 | 10,197 | ||||
Loans and Leases Receivable, Net of Deferred Income | 12,612 | 10,197 | ||||
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 23,704 | 26,109 | ||||
Loans and Leases Receivable, Net of Deferred Income | $ 23,704 | $ 26,109 |
Loans, Additional Information (
Loans, Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Troubled debt restructurings that subsequently defaulted within 12 months of the restructuring date | $ 0 | $ 0 | |||||
Mortgage loans secured by residential real estate that were in the process of foreclosure | 0 | $ 0 | |||||
Loans and Leases Receivable, Net of Deferred Income | 1,439,251 | 1,401,278 | |||||
Loans and Leases Receivable, Deferred Income | $ 844 | $ 980 | |||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | 0 | |||||
Loans and Leases Receivable, Ratio of Nonperforming Loans to All Loans | 0.03% | 0.03% | |||||
Loans And Leases Receivable, Ratio Of Allowance For Credit Losses To Non-Accrual Loans | 1,764.37% | 1,445.88% | |||||
Loans And Leases Receivable, Ratio Of Allowance For Credit Losses To Total Loans | 0.55% | 0.40% | |||||
Allowance for loan losses | (5,833) | $ (7,956) | (5,833) | $ (7,858) | $ (5,646) | $ (5,530) | $ (5,506) |
Off-Balance-Sheet, Credit Loss, Liability | 0 | ||||||
Retained earnings | (141,431) | (139,249) | |||||
Deferred Tax Assets, Net | 6,639 | ||||||
Schedule of Nonaccrual, Past Due, and Accruing Restructured Loans [Line Items] | |||||||
Financing Receivable, Accrued Interest, Writeoff | 3 | ||||||
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13 | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Allowance for loan losses | (2,196) | ||||||
Off-Balance-Sheet, Credit Loss, Liability | 571 | ||||||
Retained earnings | 1,922 | ||||||
Deferred Tax Assets, Net | 511 | ||||||
Federal Home Loan Mortgage Corporation and Other Investors [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Unpaid principal balance of loans serviced for others | 143,100 | 148,400 | |||||
Commercial and industrial [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 127,667 | 120,327 | |||||
Allowance for loan losses | (1,287) | $ (1,065) | (1,287) | (1,047) | (1,300) | (1,297) | (1,095) |
Commercial and industrial [Member] | Minimum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans and Leases Receivable, Maturity Period | 1 year | ||||||
Commercial and industrial [Member] | Maximum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans and Leases Receivable, Maturity Period | 10 years | ||||||
Commercial, secured by real estate [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Allowance for loan losses | (3,825) | $ (5,023) | (3,825) | (4,927) | (3,609) | (3,494) | (3,607) |
Commercial, secured by real estate [Member] | Minimum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Adjustable rate period | 1 year | ||||||
Amortization period | 5 years | ||||||
Balloon payments period | 1 year | ||||||
Loan to appraised value ratio | 75% | ||||||
Commercial, secured by real estate [Member] | Maximum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Adjustable rate period | 10 years | ||||||
Amortization period | 25 years | ||||||
Balloon payments period | 10 years | ||||||
Loan to appraised value ratio | 85% | ||||||
Residential real estate [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Home equity line of credit draw period | 5 years | ||||||
Allowance for loan losses | (625) | $ (1,326) | (625) | (1,351) | (624) | (639) | (665) |
Schedule of Nonaccrual, Past Due, and Accruing Restructured Loans [Line Items] | |||||||
Financing Receivable, Nonaccrual, Number Newly Classified During Period | 2 | ||||||
Residential real estate [Member] | Minimum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Adjustable rate period | 1 year | ||||||
Amortization period | 5 years | ||||||
Loan to appraised value ratio | 80% | ||||||
Residential real estate [Member] | Maximum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Adjustable rate period | 15 years | ||||||
Amortization period | 30 years | ||||||
Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans and Leases Receivable, Net of Deferred Income | $ 29,162 | 28,414 | |||||
Allowance for loan losses | $ (67) | $ (535) | $ (67) | $ (526) | (86) | $ (73) | $ (105) |
Consumer [Member] | Maximum | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Amortization period | 72 months | ||||||
Paycheck Protection Program Loans [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans and Leases Receivable, before Fees, Gross | $ 29 | $ 40 |
Loans, Past Due And Accruing Re
Loans, Past Due And Accruing Restructured (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | $ 451 | $ 391 |
Total | 451 | 391 |
Financing Receivable, Nonaccrual, Interest Income | 11 | 34 |
Commercial Portfolio Segment [Member] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 3 |
Consumer [Member] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Agricultural [Member] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Commericial Real Estate, Owner Occupied Class Segment [Domain] | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 231 |
Total | 0 | 231 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 15 |
Commercial Real Estate, Farmland Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 85 | 88 |
Total | 85 | 88 |
Financing Receivable, Nonaccrual, Interest Income | 9 | 12 |
Commercial Real Estate, Multifamily Properties Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 366 | 72 |
Total | 366 | 72 |
Financing Receivable, Nonaccrual, Interest Income | 2 | 4 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | ||
Financing receivables, non accruals, past due, and accruing restructured loans [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Total | 0 | 0 |
Financing Receivable, Nonaccrual, Interest Income | $ 0 | $ 0 |
Loans, Allowance for Loan Losse
Loans, Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 7,858 | $ 5,530 | $ 5,646 | $ 5,506 |
Provision for (recovery of) credit losses | 30 | 377 | (27) | 426 |
Losses charged off | (49) | (116) | (85) | (153) |
Recoveries | 16 | 42 | 36 | 54 |
Balance, end of period | 7,956 | 5,833 | 7,956 | 5,833 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ 131 | $ 377 | $ 163 | $ 426 |
Ratio Of Net Charge-Offs To Average Loans | 0.01% | 0.02% | 0.01% | 0.01% |
Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 2,196 | |||
Commercial and industrial [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 1,047 | $ 1,297 | 1,300 | $ 1,095 |
Losses charged off | (15) | 0 | (15) | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 1,065 | 1,287 | 1,065 | 1,287 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ 33 | $ (10) | $ 292 | $ 192 |
Ratio Of Net Charge-Offs To Average Loans | 0.05% | 0% | 0.02% | 0% |
Commercial and industrial [Member] | Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ (512) | |||
Commercial Secured By Real Estate [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 4,927 | $ 3,494 | 3,609 | $ 3,607 |
Losses charged off | 0 | (67) | 0 | (67) |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 5,023 | 3,825 | 5,023 | 3,825 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ 96 | $ 398 | $ (26) | $ 285 |
Ratio Of Net Charge-Offs To Average Loans | 0% | 0.03% | 0% | 0.02% |
Commercial Secured By Real Estate [Member] | Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 1,440 | |||
Residential Real Estate [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 1,351 | $ 639 | 624 | $ 665 |
Losses charged off | 0 | 0 | 0 | (5) |
Recoveries | 0 | 18 | 0 | 19 |
Balance, end of period | 1,326 | 625 | 1,326 | 625 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ (25) | $ (32) | $ (134) | $ (54) |
Ratio Of Net Charge-Offs To Average Loans | 0% | (0.02%) | 0% | (0.01%) |
Residential Real Estate [Member] | Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 836 | |||
Consumer [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 526 | $ 73 | 86 | $ 105 |
Losses charged off | (4) | 0 | (9) | (5) |
Recoveries | 1 | 0 | 3 | 0 |
Balance, end of period | 535 | 67 | 535 | 67 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ 12 | $ (6) | $ 9 | $ (33) |
Ratio Of Net Charge-Offs To Average Loans | 0.04% | 0% | 0.04% | 0.03% |
Consumer [Member] | Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 446 | |||
Agricultural [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 7 | $ 18 | 22 | $ 30 |
Losses charged off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 5 | 18 | 5 | 18 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ (2) | $ 0 | $ (8) | $ (12) |
Ratio Of Net Charge-Offs To Average Loans | 0% | 0% | 0% | 0% |
Agricultural [Member] | Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ (9) | |||
Other [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ 0 | $ 9 | 5 | $ 4 |
Losses charged off | (30) | (49) | (61) | (76) |
Recoveries | 15 | 24 | 33 | 35 |
Balance, end of period | 2 | 11 | 2 | 11 |
Financing Receivable, Credit Loss, Expense (Reversal) | $ 17 | $ 27 | $ 30 | $ 48 |
Ratio Of Net Charge-Offs To Average Loans | 91.85% | 159.17% | 79.90% | 100.02% |
Other [Member] | Accounting Standards Update 2016-13 | ||||
Allowance for loan losses [Roll Forward] | ||||
Balance, beginning of period | $ (5) |
Loans, Allowance for Loan Los_2
Loans, Allowance for Loan Losses and Loan Portfolio by Segment (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | $ 64 | $ 21 | ||||
Collectively evaluated for credit loss | 7,892 | 5,625 | ||||
Allowance for loan losses | 7,956 | $ 7,858 | 5,646 | $ 5,833 | $ 5,530 | $ 5,506 |
Loans: | ||||||
Individually evaluated for credit losses | 5,607 | 1,559 | ||||
Collectively evaluated for credit loss | 1,433,644 | 1,397,705 | ||||
Loans gross | 1,439,251 | 1,401,278 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 2,014 | |||||
Commercial and industrial [Member] | ||||||
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | 3 | 4 | ||||
Collectively evaluated for credit loss | 1,062 | 1,296 | ||||
Allowance for loan losses | 1,065 | 1,047 | 1,300 | 1,287 | 1,297 | 1,095 |
Loans: | ||||||
Individually evaluated for credit losses | 170 | 114 | ||||
Collectively evaluated for credit loss | 127,497 | 119,799 | ||||
Loans gross | 127,667 | 120,327 | ||||
Commercial and industrial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 414 | |||||
Commercial Secured By Real Estate [Member] | ||||||
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | 22 | 11 | ||||
Collectively evaluated for credit loss | 5,001 | 3,598 | ||||
Allowance for loan losses | 5,023 | 4,927 | 3,609 | 3,825 | 3,494 | 3,607 |
Loans: | ||||||
Individually evaluated for credit losses | 4,200 | 963 | ||||
Collectively evaluated for credit loss | 955,251 | 934,568 | ||||
Loans gross | 959,451 | 936,255 | ||||
Commercial Secured By Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 724 | |||||
Residential Real Estate [Member] | ||||||
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | 5 | 6 | ||||
Collectively evaluated for credit loss | 1,321 | 618 | ||||
Allowance for loan losses | 1,326 | 1,351 | 624 | 625 | 639 | 665 |
Loans: | ||||||
Individually evaluated for credit losses | 1,181 | 482 | ||||
Collectively evaluated for credit loss | 311,715 | 304,770 | ||||
Loans gross | 312,896 | 306,128 | ||||
Residential Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 876 | |||||
Consumer [Member] | ||||||
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | 34 | 0 | ||||
Collectively evaluated for credit loss | 501 | 86 | ||||
Allowance for loan losses | 535 | 526 | 86 | 67 | 73 | 105 |
Loans: | ||||||
Individually evaluated for credit losses | 56 | 0 | ||||
Collectively evaluated for credit loss | 29,106 | 28,414 | ||||
Loans gross | 29,162 | 28,414 | ||||
Consumer [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 0 | |||||
Agricultural [Member] | ||||||
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit loss | 5 | 22 | ||||
Allowance for loan losses | 5 | 7 | 22 | 18 | 18 | 30 |
Loans: | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit loss | 10,006 | 10,073 | ||||
Loans gross | 10,006 | 10,073 | ||||
Agricultural [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | 0 | |||||
Other [Member] | ||||||
Allowance for credit losses: | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit loss | 2 | 5 | ||||
Allowance for loan losses | 2 | $ 0 | 5 | $ 11 | $ 9 | $ 4 |
Loans: | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit loss | 69 | 81 | ||||
Loans gross | $ 69 | 81 | ||||
Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans: | ||||||
Acquired credit impaired loans | $ 0 |
Loans, Loans Portfolio by Credi
Loans, Loans Portfolio by Credit Quality Indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | $ 1,439,251 | $ 1,439,251 | $ 1,401,278 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 101,516 | 101,516 | 212,320 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 218,036 | 218,036 | 273,543 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 180,431 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 127,186 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 99,126 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 323,278 | ||||
Financing Receivable, Revolving | 182,916 | 182,916 | 179,338 | ||
Financing Receivable, Revolving, Converted to Term Loan | 654 | 654 | 6,056 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 49 | $ 116 | 85 | $ 153 | |
Commercial and industrial [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 127,667 | 127,667 | 120,327 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 15,628 | 15,628 | 31,672 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 33,315 | 33,315 | 36,341 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 32,702 | 32,702 | 21,042 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 15,938 | 15,938 | 5,774 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 5,063 | 5,063 | 2,499 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 6,739 | 6,739 | 5,681 | ||
Financing Receivable, Revolving | 17,971 | 17,971 | 17,318 | ||
Financing Receivable, Revolving, Converted to Term Loan | 311 | 311 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 15 | 0 | |||
Financing Receivable, Revolving, Writeoff | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 15 | 0 | 15 | 0 | |
Commercial, secured by real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 959,451 | 959,451 | 936,255 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 55,197 | 55,197 | 143,434 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 147,360 | 147,360 | 142,446 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 133,426 | 133,426 | 96,272 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 95,914 | 95,914 | 100,363 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 97,414 | 97,414 | 82,800 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 294,778 | 294,778 | 236,711 | ||
Financing Receivable, Revolving | 135,261 | 135,261 | 129,274 | ||
Financing Receivable, Revolving, Converted to Term Loan | 101 | 101 | 4,955 | ||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | 67 | |||
Financing Receivable, Revolving, Writeoff | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 67 | 0 | 67 | |
Residential real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 312,896 | 312,896 | 306,128 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 22,095 | 22,095 | 27,892 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 29,824 | 29,824 | 86,952 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 84,333 | 84,333 | 54,144 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 51,904 | 51,904 | 17,841 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 16,483 | 16,483 | 13,298 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 85,444 | 85,444 | 80,541 | ||
Financing Receivable, Revolving | 22,571 | 22,571 | 24,359 | ||
Financing Receivable, Revolving, Converted to Term Loan | 242 | 242 | 1,101 | ||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | 5 | |||
Financing Receivable, Revolving, Writeoff | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 5 | |
Consumer [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 29,162 | 29,162 | 28,414 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 7,097 | 7,097 | 8,789 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 7,041 | 7,041 | 7,561 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 6,177 | 6,177 | 8,108 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 6,219 | 6,219 | 3,145 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,081 | 2,081 | 413 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 444 | 444 | 316 | ||
Financing Receivable, Revolving | 103 | 103 | 82 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 9 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | 5 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Revolving, Writeoff | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 4 | 0 | 9 | 5 | |
Agricultural [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 10,006 | 10,006 | 10,073 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,499 | 1,499 | 533 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 496 | 496 | 243 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 204 | 204 | 865 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 765 | 765 | 63 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 46 | 46 | 116 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 55 | 55 | 29 | ||
Financing Receivable, Revolving | 6,941 | 6,941 | 8,224 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Revolving, Writeoff | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | |
Other [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 69 | 69 | 81 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 69 | 69 | 81 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan, Writeoff | 0 | 0 | |||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | 0 | |||
Financing Receivable, Revolving, Writeoff | 61 | 76 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 30 | $ 49 | 61 | $ 76 | |
Pass [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 256,842 | 256,842 | |||
Pass [Member] | Commercial and industrial [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 120,275 | 120,275 | 114,573 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 15,628 | 15,628 | 30,132 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 31,805 | 31,805 | 36,341 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 31,221 | 31,221 | 20,936 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 15,822 | 15,822 | 3,632 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3,193 | 3,193 | 2,499 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 6,174 | 6,174 | 5,630 | ||
Financing Receivable, Revolving | 16,121 | 16,121 | 15,403 | ||
Financing Receivable, Revolving, Converted to Term Loan | 311 | 311 | 0 | ||
Pass [Member] | Commercial, secured by real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 935,783 | 935,783 | 913,375 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 55,197 | 55,197 | 135,503 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 139,557 | 139,557 | 142,446 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 132,728 | 132,728 | 96,272 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 95,914 | 95,914 | 100,363 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 95,698 | 95,698 | 75,387 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 281,327 | 281,327 | 229,175 | ||
Financing Receivable, Revolving | 135,261 | 135,261 | 129,274 | ||
Financing Receivable, Revolving, Converted to Term Loan | 101 | 101 | 4,955 | ||
Pass [Member] | Residential real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 309,965 | 309,965 | 304,513 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 22,095 | 22,095 | 27,892 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 29,824 | 29,824 | 86,952 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 84,333 | 84,333 | 54,144 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 51,904 | 51,904 | 17,804 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 16,479 | 16,479 | 13,298 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 82,517 | 82,517 | 78,969 | ||
Financing Receivable, Revolving | 22,571 | 22,571 | 24,359 | ||
Financing Receivable, Revolving, Converted to Term Loan | 242 | 242 | 1,095 | ||
Pass [Member] | Consumer [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 29,020 | 29,020 | 28,411 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 7,097 | 7,097 | 8,786 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,991 | 6,991 | 7,561 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 6,118 | 6,118 | 8,108 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 6,197 | 6,197 | 3,145 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,070 | 2,070 | 413 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 444 | 444 | 316 | ||
Financing Receivable, Revolving | 103 | 103 | 82 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Pass [Member] | Agricultural [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 10,006 | 10,006 | 10,073 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,499 | 1,499 | 533 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 496 | 496 | 243 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 204 | 204 | 865 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 765 | 765 | 63 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 46 | 46 | 116 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 55 | 55 | 29 | ||
Financing Receivable, Revolving | 6,941 | 6,941 | 8,224 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Pass [Member] | Other [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 69 | 69 | 81 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 69 | 69 | 81 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
OAEM [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 170,740 | 170,740 | |||
OAEM [Member] | Commercial and industrial [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 4,822 | 4,822 | 3,744 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 1,481 | 1,481 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 2,142 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 1,870 | 1,870 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 1,471 | 1,471 | 1,602 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
OAEM [Member] | Commercial, secured by real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 15,921 | 15,921 | 15,344 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 7,931 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 7,803 | 7,803 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 799 | 799 | 7,413 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 7,319 | 7,319 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
OAEM [Member] | Residential real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
OAEM [Member] | Consumer [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
OAEM [Member] | Agricultural [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
OAEM [Member] | Other [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Substandard [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 121,087 | 121,087 | |||
Substandard [Member] | Commercial and industrial [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 2,570 | 2,570 | 2,010 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 1,540 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,510 | 1,510 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 106 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 116 | 116 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 565 | 565 | 51 | ||
Financing Receivable, Revolving | 379 | 379 | 313 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Substandard [Member] | Commercial, secured by real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 7,747 | 7,747 | 7,536 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 698 | 698 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 917 | 917 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 6,132 | 6,132 | 7,536 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Substandard [Member] | Residential real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 2,931 | 2,931 | 1,615 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 37 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 4 | 4 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 2,927 | 2,927 | 1,572 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 6 | ||
Substandard [Member] | Consumer [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 142 | 142 | 3 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 3 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 50 | 50 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 59 | 59 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 22 | 22 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 11 | 11 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Substandard [Member] | Agricultural [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Substandard [Member] | Other [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Doubtful [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 387,460 | 387,460 | |||
Doubtful [Member] | Commercial and industrial [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Doubtful [Member] | Commercial, secured by real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Doubtful [Member] | Residential real estate [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Doubtful [Member] | Consumer [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Doubtful [Member] | Agricultural [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | 0 | ||
Doubtful [Member] | Other [Member] | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans, net of deferred origination costs (fees) | 0 | 0 | 0 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | $ 0 | $ 0 | $ 0 |
Loans, Loans Portfolio Aging An
Loans, Loans Portfolio Aging Analysis (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Loans gross | $ 1,439,251 | $ 1,401,278 |
90 Days or More Past Due and Accruing | 256 | 39 |
Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 2,686 | 361 |
30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 421 | 279 |
60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,968 | 3 |
90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 297 | 79 |
Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,436,565 | 1,400,917 |
Commercial and industrial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 127,667 | 120,327 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial and industrial [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,789 | 0 |
Commercial and industrial [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial and industrial [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 1,789 | 0 |
Commercial and industrial [Member] | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial and industrial [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 125,878 | 120,327 |
Consumer [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 29,162 | 28,414 |
90 Days or More Past Due and Accruing | 0 | 0 |
Consumer [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 176 | 120 |
Consumer [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 47 | 117 |
Consumer [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 129 | 3 |
Consumer [Member] | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Consumer [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 28,986 | 28,294 |
Agricultural [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 10,006 | 10,073 |
90 Days or More Past Due and Accruing | 0 | 0 |
Agricultural [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Agricultural [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 10,006 | 10,073 |
Other [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 69 | 81 |
90 Days or More Past Due and Accruing | 0 | 0 |
Other [Member] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 69 | 81 |
Other [Member] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 69 | 81 |
Other [Member] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Other [Member] | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Other [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 206,828 | 208,485 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 74 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 74 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 206,754 | 208,485 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 418,655 | 420,075 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 418,655 | 420,075 |
Commercial Real Estate, Farmland Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 37,506 | 36,340 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial Real Estate, Farmland Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Farmland Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Farmland Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Farmland Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Farmland Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 37,506 | 36,340 |
Commercial Real Estate, Multifamily Properties Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 188,870 | 189,917 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial Real Estate, Multifamily Properties Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Multifamily Properties Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Multifamily Properties Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Multifamily Properties Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Multifamily Properties Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 188,870 | 189,917 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 7,166 | 7,786 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 7,166 | 7,786 |
Commercial Real Estate, Construction Loans, Other Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 100,426 | 73,652 |
90 Days or More Past Due and Accruing | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 100,426 | 73,652 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 276,580 | 269,822 |
90 Days or More Past Due and Accruing | 256 | 39 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 578 | 160 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 231 | 81 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 50 | 0 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 297 | 79 |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 276,002 | 269,662 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 12,612 | 10,197 |
90 Days or More Past Due and Accruing | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 12,612 | 10,197 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 23,704 | 26,109 |
90 Days or More Past Due and Accruing | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | Financial Asset, Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | 90 Days or More Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Loans gross | $ 23,704 | $ 26,109 |
Loans, Impaired Loans (Details)
Loans, Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | $ 64 | $ 21 |
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 1,536 | 358 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 34 | 0 |
Commercial and industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | 3 | 4 |
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial, secured by real estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | 22 | 11 |
Residential real estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | 5 | 6 |
Consumer [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | 34 | 0 |
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 56 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 34 | 0 |
Agricultural [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | 0 | 0 |
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Individually evaluated for credit losses | 0 | 0 |
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial Real Estate, Non-Owner Occupied Class Segment [Domain] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 698 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial Real Estate, Farmland Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 85 | 88 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial Real Estate, Multifamily Properties Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial Real Estate, Construction Loans, 1-4 Family Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial Real Estate, Construction Loans, Other Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | |
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 623 | 40 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Residential Real Estate, 1-4 Family, Closed End Junior Liens Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Residential Real Estate, 1-4 Family, Revolving and Open End Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | 0 | 0 |
Commercial Real Estate, Owner Occupied Class Segment | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Collateral Dependent, Individually Evaluated For Credit Losses | 74 | 230 |
Financing Receivable, Allowance For Credit Losses, Collateral Dependent, Individually Evaluated For Credit Losses | $ 0 | $ 0 |
Loans Loans, Troubled Debt Rest
Loans Loans, Troubled Debt Restructuring, Modification Type (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 |
Loans, Modifications (Details)
Loans, Modifications (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 0 | ||
Residential Real Estate, 1-4 Family, Closed End Senior Liens Class Segment | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 325 | $ 325 | ||
Financing Receivable, Modified in Period, Number | 1 | 1 |
Acquired Credit Impaired Loans,
Acquired Credit Impaired Loans, Outstanding Balance and Carrying Value for Acquired Credit Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | $ 1,439,251 | $ 1,401,278 | ||||
Allowance for loan losses | 7,956 | $ 7,858 | 5,646 | $ 5,833 | $ 5,530 | $ 5,506 |
Total | 1,431,295 | 1,395,632 | ||||
Other [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 69 | 81 | ||||
Allowance for loan losses | 2 | 0 | 5 | 11 | 9 | 4 |
Residential real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 312,896 | 306,128 | ||||
Allowance for loan losses | 1,326 | 1,351 | 624 | 625 | 639 | 665 |
Commercial, secured by real estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 959,451 | 936,255 | ||||
Allowance for loan losses | 5,023 | 4,927 | 3,609 | 3,825 | 3,494 | 3,607 |
Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans gross | 127,667 | 120,327 | ||||
Allowance for loan losses | $ 1,065 | $ 1,047 | $ 1,300 | $ 1,287 | $ 1,297 | $ 1,095 |
Affordable Housing Tax Credit_3
Affordable Housing Tax Credit Limited Partnership (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Equity Method Investments and Joint Ventures [Abstract] | |||||
Affordable housing tax credit investment | $ 16,950 | $ 16,950 | $ 16,950 | ||
Less amortization | 3,986 | 3,986 | 3,268 | ||
Net affordable housing tax credit investment | 12,964 | 12,964 | 13,682 | ||
Unfunded commitment | 6,348 | $ 6,348 | 7,185 | ||
Funding period for unfunded commitment (in years) | 9 years 6 months | ||||
Investments in Affordable Housing Projects [Abstract] | |||||
Tax credits and other tax benefits recognized | 434 | $ 357 | $ 864 | $ 714 | |
Tax credit amortization expense included in provision for income taxes | 361 | $ 304 | 718 | $ 601 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | |||||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 618 | 618 | 963 | ||
Taxable Municipal securities [Member] | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | |||||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $ 0 | $ 0 | $ 370 |
Deposits - Composition of Depos
Deposits - Composition of Deposit Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Interest-bearing demand and money fund deposits | $ 505,078 | $ 510,324 |
Savings deposits | 390,324 | 432,322 |
IRA and time certificates | 221,019 | 156,500 |
Total deposits | 1,596,709 | 1,604,970 |
Noninterest-Bearing Domestic Deposit, Demand | $ 480,288 | $ 505,824 |
Deposits - Time Deposit Maturit
Deposits - Time Deposit Maturities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
July 1, 2023 - June 30, 2024 | $ 86,215 | |
July 1, 2024 - June 30, 2025 | 117,708 | |
July 1, 2025 - June 30, 2026 | 6,316 | |
July 1, 2026 - June 30, 2027 | 7,165 | |
July 1, 2027 - June 30, 2028 | 2,607 | |
Thereafter | 1,008 | |
Time deposits | $ 221,019 | $ 156,500 |
Deposits - Narrative (Details)
Deposits - Narrative (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Interest-Bearing Deposits | ||
Time deposits greater than $250,000 | $ 32,700 | $ 16,100 |
Borrowings (Details)
Borrowings (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Debt instrument, unused borrowing capacity, amount | $ 100,500 | |
Asset Pledged as Collateral | Federal Home Loan Bank Advances | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Debt securities | $ 276,000 | $ 270,000 |
Federal Home Loan Bank Of Cincinnati | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Long-term debt, percentage bearing fixed interest, percentage rate | 3.02% | |
Short-Term Debt [Line Items] | ||
Long-term debt, percentage bearing fixed interest, percentage rate | 3.02% | |
Bankers' Bank | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Long-term debt, percentage bearing fixed interest, percentage rate | 4.25% | |
Long-Term Debt, Maturity Date | Jun. 15, 2025 | |
Line of credit facility, maximum borrowing capacity | $ 5,000 | |
Debt instrument, basis spread on variable rate | 0.25% | |
Line of Credit Facility, Expiration Date | Jun. 15, 2024 | |
Short-Term Debt [Line Items] | ||
Long-term debt, percentage bearing fixed interest, percentage rate | 4.25% | |
US Bank | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 30,000 | |
Debt instrument, basis spread on variable rate | 0.50% | |
Federal Home Loan Bank, REPO Based Advance Program | Federal Home Loan Bank Of Cincinnati | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 95,000 | |
Federal Home Loan Bank, REPO Based Advance Program | Minimum | Federal Home Loan Bank Of Cincinnati | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Debt instrument, term | 1 day | |
Federal Home Loan Bank, REPO Based Advance Program | Maximum | Federal Home Loan Bank Of Cincinnati | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Debt instrument, term | 1 year | |
Federal Home Loan Bank, Cash Management Advance Program | Federal Home Loan Bank Of Cincinnati | ||
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 95,000 | |
Line of Credit Facility, Expiration Date | Feb. 08, 2024 | |
Federal Home Loan Bank, Advances, Maturity Period, Variable Rate | 90 days | |
Federal Home Loan Bank, Advances, Maturity Period, Fixed Rate | 30 days |
Borrowings Schedule of Short-Te
Borrowings Schedule of Short-Term and Long-Term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Schedule of Short-Term and Long-Term Debt [Line Items] | ||
Other Short-term Borrowings | $ 13,122 | $ 14,072 |
Long-term debt | 5,000 | 5,000 |
Debt, Long-term and Short-term, Combined Amount | $ 18,122 | $ 19,072 |
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 4.25% | 4.25% |
Federal Home Loan Bank, Advances, Weighted Average Interest Rate | 3.02% | 3.02% |
Debt, Weighted Average Interest Rate | 3.91% | 3.93% |
Borrowings Schedule of Maturiti
Borrowings Schedule of Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
Long-Term Debt, Maturity, Year One | $ 6,958 | $ 6,918 |
Time Deposit Maturities, Year Two | 11,164 | 2,001 |
Long-Term Debt, Maturity, Year Three | 0 | 10,153 |
Debt, Long-term and Short-term, Combined Amount | $ 18,122 | $ 19,072 |
Borrowings - Schedule of Short
Borrowings - Schedule of Short Term Debt (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Short-Term Debt [Line Items] | ||
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 5.12% | 4.67% |
Short-term Debt | $ 112,289 | $ 71,455 |
US Bank | ||
Short-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 30,000 | |
Debt instrument, basis spread on variable rate | 0.50% | |
Line of Credit Facility, Fair Value of Amount Outstanding | $ 12,300 | |
Bankers' Bank | ||
Short-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 5,000 | |
Debt instrument, basis spread on variable rate | 0.25% | |
Bankers' Bank | Federal Funds Purchased | ||
Short-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | $ 25,000 | |
Debt instrument, basis spread on variable rate | 2,500% | |
Line of Credit Facility, Fair Value of Amount Outstanding | $ 0 | |
Federal Home Loan Bank Of Cincinnati | Federal Home Loan Bank, REPO Based Advance Program | ||
Short-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | 95,000 | |
Line of Credit Facility, Fair Value of Amount Outstanding | 75,000 | |
Federal Home Loan Bank Of Cincinnati | Federal Home Loan Bank, Cash Management Advance Program | ||
Short-Term Debt [Line Items] | ||
Line of credit facility, maximum borrowing capacity | 95,000 | |
Line of Credit Facility, Fair Value of Amount Outstanding | 25,000 | |
Revolving Credit Facility | ||
Short-Term Debt [Line Items] | ||
Other Short-term Borrowings | $ 0 | $ 3,000 |
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 0% | 7.25% |
Line of Credit | ||
Short-Term Debt [Line Items] | ||
Other Short-term Borrowings | $ 12,289 | $ 18,455 |
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 5.75% | 5% |
Federal Home Loan Bank Advances | ||
Short-Term Debt [Line Items] | ||
Other Short-term Borrowings | $ 100,000 | $ 50,000 |
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 5.04% | 4.40% |
Leases - Lease, Cost (Details)
Leases - Lease, Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Leases [Abstract] | ||||
Operating lease expense | $ 283 | $ 185 | $ 442 | $ 344 |
Short-term lease expense | 12 | 50 | 46 | 84 |
Variable lease expense | 3 | 1 | 3 | 1 |
Other | 7 | 2 | 10 | 5 |
Total lease expense | $ 305 | $ 238 | $ 501 | $ 434 |
Leases Lease, Other Information
Leases Lease, Other Information (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2023 USD ($) | |
Leases [Abstract] | |
Cash paid for amounts included in the measurement of lease liabilities: | $ 223 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ 0 |
Weighted average remaining lease term in years for operating leases | 32 years 8 months 12 days |
Weighted average discount rate for operating leases | 3.49% |
Leases - (Details)
Leases - (Details) | Jun. 30, 2023 |
Lessee, Lease, Description [Line Items] | |
Weighted average remaining lease term in years for operating leases | 32 years 8 months 12 days |
Income Taxes (Details)
Income Taxes (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Tax Disclosure [Abstract] | ||||
Statutory tax rate | 21% | 21% | 21% | 21% |
Increase (decrease) resulting from: | ||||
Tax exempt interest | 0.60% | 0.60% | 0.60% | 0.60% |
Tax exempt income on bank-owned life insurance | (1.00%) | (0.80%) | (1.10%) | (0.90%) |
Effective Income Tax Rate Reconciliation, Captive Insurance Premium Income, Percent | (0.80%) | (0.90%) | (0.90%) | (0.90%) |
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Percent | 1.30% | 0.80% | 1.40% | 0.90% |
Other, net | 0.60% | 0.10% | 0.80% | 0% |
Effective tax rate | 17.90% | 18% | 17.80% | 17.70% |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | $ 299,738 | $ 321,441 |
Unfunded commitment | 6,348 | 7,185 |
Commitments outstanding for capital expenditures | 2,600 | |
Commercial loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 47,388 | 22,823 |
Other loans [Member] | Fixed rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 3,619 | 191 |
Other loans [Member] | Adjustable rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 6,196 | 1,422 |
Unused lines of credit [Member] | Fixed rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 36,866 | 41,558 |
Unused lines of credit [Member] | Adjustable rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 189,163 | 238,876 |
Unused overdraft protection amounts on demand and NOW accounts [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | 16,501 | 16,566 |
Standby letters of credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Off-balance sheet risks, liability | $ 5 | $ 5 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | $ 204,072 | $ 206,875 | $ 200,675 | $ 238,604 |
Other comprehensive income (loss), net of taxes | (2,767) | (6,943) | 2,183 | (20,131) |
Balance ending | 202,316 | 202,960 | 202,316 | 202,960 |
Total [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | (25,004) | (14,997) | (29,954) | (1,809) |
Balance ending | (27,771) | (21,940) | (27,771) | (21,940) |
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | (24,977) | (14,725) | (29,927) | (1,536) |
Other comprehensive income (loss), net of taxes | (2,767) | (6,945) | 2,183 | (20,134) |
Balance ending | (27,744) | (21,670) | (27,744) | (21,670) |
Changes in Pension Plan Assets and Benefit Obligations [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Balance beginning | (27) | (272) | (27) | (273) |
Other comprehensive income (loss), net of taxes | 0 | 2 | 0 | 3 |
Balance ending | $ (27) | $ (270) | $ (27) | $ (270) |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income, Reclassification of AOCI (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Income tax expense | $ 1,021 | $ 1,231 | $ 1,919 | $ 2,182 |
Retirement Plans (Details)
Retirement Plans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Retirement Benefits [Abstract] | ||||
Automatic Annual Contribution Employees Hired Before January 1, 2009 Benefit Reduction Under Certain Amendments Minimum, percent | 5% | |||
Automatic Annual Contribution Employees Hired Before January 1, 2009 Due Benefit Reduction Under Certain Amendments Maximum, percent | 7% | |||
Employer's matching contribution to 401(k) of employees hired on or after January 1, 2009, percent | 50% | |||
Maximum annual contribution per employee, percent | 3% | |||
Funding and administrative costs of noncontributory defined benefit retirement plan and 401(k) plan [Abstract] | ||||
401(k) plan | $ 165 | $ 157 | $ 365 | $ 337 |
Qualified noncontributory defined benefit retirement plan [Member] | ||||
Funding and administrative costs of noncontributory defined benefit retirement plan and 401(k) plan [Abstract] | ||||
Qualified noncontributory defined benefit retirement plan | 338 | 308 | 677 | 616 |
Components of net periodic pension cost [Abstract] | ||||
Interest cost | 19 | 14 | 38 | 26 |
Amortization of unrecognized net loss | 0 | 2 | 0 | 4 |
Net periodic pension cost | 19 | 16 | 38 | 30 |
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax [Abstract] | ||||
Net actuarial loss | $ 0 | $ (2) | $ 0 | $ (3) |
Stock Based Compensation, Addit
Stock Based Compensation, Additional Information (Details) | 6 Months Ended |
Jun. 30, 2023 USD ($) shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Number of shares authorized for issuance (in shares) | shares | 450,000 |
Restricted Stock [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Restricted stock compensation costs not yet recognized | $ | $ 1,091,000 |
Compensation costs not yet recognized, period for recognition | 4 years 8 months 12 days |
Stock Based Compensation , Rest
Stock Based Compensation , Restricted Stock Activity (Details) - Restricted Stock [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Shares | ||
Outstanding at beginning of period (in shares) | 58,314 | 44,512 |
Granted (in shares) | 44,150 | 32,554 |
Vested (in shares) | 23,447 | 18,752 |
Forfeited (in shares) | 0 | 0 |
Outstanding at end of period (in shares) | 79,017 | 58,314 |
Weighted Average Grant Date Fair Value | ||
Outstanding at beginning of period (usd per share) | $ 17.99 | $ 17.08 |
Granted (usd per share) | 17.84 | 19.25 |
Vested (usd per share) | 17.89 | 18.02 |
Forfeited (usd per share) | 0 | 0 |
Outstanding at end of period (usd per share) | $ 17.94 | $ 17.99 |
Stock Based Compensation Restri
Stock Based Compensation Restricted Stock Awards Expense Informations (Details) - Restricted Stock [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Payment Arrangement, Expense | $ 82 | $ 107 | $ 398 | $ 304 |
Share-based Payment Arrangement, Expense, Tax Benefit | $ 17 | $ 23 | $ 83 | $ 64 |
Earnings Per Common Share (Deta
Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 4,694 | $ 5,618 | $ 8,851 | $ 10,141 |
Less allocation of earnings and dividends to participating securities | 33 | 29 | 63 | 53 |
Net income allocated to common shareholders | $ 4,661 | $ 5,589 | $ 8,788 | $ 10,088 |
Weighted average common shares outstanding, gross (in shares) | 11,135,325 | 11,396,119 | 11,202,300 | 11,635,949 |
Less average participating securities (in shares) | 79,017 | 58,314 | 79,929 | 59,076 |
Weighted average number of shares outstanding used in the calculation of basic earnings per common share (in shares) | 11,056,308 | 11,337,805 | 11,122,371 | 11,576,873 |
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share (in shares) | 11,056,308 | 11,337,805 | 11,122,371 | 11,576,873 |
Earnings per common share: | ||||
Basic (usd per share) | $ 0.42 | $ 0.49 | $ 0.79 | $ 0.87 |
Diluted (usd per share) | $ 0.42 | $ 0.49 | $ 0.79 | $ 0.87 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | $ 1,279 | $ 2,273 |
Debt securities, available-for-sale, at fair value | 281,156 | 289,850 |
Carrying Amount [Member] | ||
Nonrecurring fair value measurements: [Abstract] | ||
Long-term debt | 18,122 | 19,072 |
Short-term borrowings | 112,289 | 71,455 |
Fair Value [Member] | ||
Nonrecurring fair value measurements: [Abstract] | ||
Long-term debt | 17,668 | 18,573 |
Short-term borrowings | 112,289 | 71,455 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Nonrecurring fair value measurements: [Abstract] | ||
Long-term debt | 0 | 0 |
Short-term borrowings | 112,289 | 71,455 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Nonrecurring fair value measurements: [Abstract] | ||
Long-term debt | 17,668 | 18,573 |
Short-term borrowings | 0 | 0 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Nonrecurring fair value measurements: [Abstract] | ||
Long-term debt | 0 | 0 |
Short-term borrowings | 0 | 0 |
Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 282,435 | 292,123 |
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 72,242 | 78,720 |
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 210,193 | 213,403 |
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Nonrecurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 22 | 923 |
Nonrecurring fair value measurements: [Abstract] | ||
Individually evaluated loans | 22 | 923 |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 0 | 0 |
Nonrecurring fair value measurements: [Abstract] | ||
Individually evaluated loans | 0 | 0 |
Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 0 | 0 |
Nonrecurring fair value measurements: [Abstract] | ||
Individually evaluated loans | 0 | 0 |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Fair Value | 22 | 923 |
Nonrecurring fair value measurements: [Abstract] | ||
Individually evaluated loans | 22 | 923 |
U.S. Treasury notes [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 70,963 | 76,447 |
U.S. Treasury notes [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 70,963 | 76,447 |
U.S. Treasury notes [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 70,963 | 76,447 |
U.S. Treasury notes [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Treasury notes [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency notes [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 78,720 | 77,976 |
U.S. Agency notes [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 78,720 | 77,976 |
U.S. Agency notes [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency notes [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 78,720 | 77,976 |
U.S. Agency notes [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency mortgage-backed securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 75,322 | 79,440 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 75,322 | 79,440 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 75,322 | 79,440 |
U.S. Agency mortgage-backed securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Non-taxable Municipal securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 8,502 | 8,524 |
Non-taxable Municipal securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 8,502 | 8,524 |
Non-taxable Municipal securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Non-taxable Municipal securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 8,502 | 8,524 |
Non-taxable Municipal securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Taxable Municipal securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 41,146 | 40,778 |
Taxable Municipal securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 41,146 | 40,778 |
Taxable Municipal securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Taxable Municipal securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 41,146 | 40,778 |
Taxable Municipal securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Mutual funds [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,207 | 1,234 |
Mutual funds [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 41 | |
Mutual funds [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 41 | |
Mutual funds [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Mutual funds [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | |
Mutual Funds Measured At Net Asset Value [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 1,207 | 1,193 |
Mutual Funds Measured At Net Asset Value [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | 0 |
Mutual Funds Measured At Net Asset Value [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | 0 |
Equity securities [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 72 | 1,039 |
Equity securities [Member] | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 72 | 1,039 |
Equity securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 72 | 1,039 |
Equity securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | 0 |
Equity securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Equity securities with a readily determinable fair value, at fair value | 0 | 0 |
Corporate Debt Securities | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 6,503 | 6,685 |
Corporate Debt Securities | Recurring [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 6,503 | 6,685 |
Corporate Debt Securities | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 0 | 0 |
Corporate Debt Securities | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | 6,503 | 6,685 |
Corporate Debt Securities | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Recurring fair value measurement [Abstract] | ||
Debt securities, available-for-sale, at fair value | $ 0 | $ 0 |
Fair Value Measurements, Quanti
Fair Value Measurements, Quantitative Information About Unobservable Inputs Used In Recurring And Nonrecurring Level 3 Inputs (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Net income | $ 4,694,000 | $ 5,618,000 | $ 8,851,000 | $ 10,141,000 | |
Less allocation of earnings and dividends to participating securities | 33,000 | 29,000 | 63,000 | 53,000 | |
Net Income (Loss) Available to Common Stockholders, Basic | $ 4,661,000 | $ 5,589,000 | $ 8,788,000 | $ 10,088,000 | |
Weighted average common shares outstanding, gross (in shares) | 11,135,325 | 11,396,119 | 11,202,300 | 11,635,949 | |
Less average participating securities (in shares) | 79,017 | 58,314 | 79,929 | 59,076 | |
Basic (in shares) | 11,056,308 | 11,337,805 | 11,122,371 | 11,576,873 | |
Nonrecurring [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | $ 22,000 | $ 22,000 | $ 923,000 | ||
Nonrecurring [Member] | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 22,000 | 22,000 | 923,000 | ||
Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Estimated Sales Price [Domain] | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | $ 22,000 | $ 22,000 | |||
Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | Level 3 [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 923,000 | ||||
Measurement Input, Discount Rate | Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | High [Member] | Level 3 [Member] | Valuation, Income Approach | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 0.0813 | ||||
Measurement Input, Discount Rate | Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | Low [Member] | Level 3 [Member] | Valuation, Income Approach | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | 0.0463 | ||||
Measurement Input, Discount Rate | Nonrecurring [Member] | Impaired Loans, Fair Value Calculated Using Discounted Cash Flows | Weighted Average | Level 3 [Member] | Valuation, Income Approach | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value | $ 0.0604 |
Fair Value Measurements, By Bal
Fair Value Measurements, By Balance Sheet Grouping (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
FINANCIAL ASSETS: | ||
Equity securities with a readily determinable fair value, at fair value | $ 1,279 | $ 2,273 |
Debt securities, held-to-maturity, net | 17,590 | 18,885 |
Accrued interest receivable | 7,811 | 7,482 |
Carrying Amount [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 26,020 | 22,701 |
Debt securities, held-to-maturity, net | 19,123 | 19,878 |
Loans, net | 1,431,295 | 1,395,632 |
Accrued interest receivable | 7,811 | 7,482 |
FINANCIAL LIABILITIES: | ||
Deposits | 1,596,709 | 1,604,970 |
Long-term debt | 18,122 | 19,072 |
Accrued interest payable | 915 | 311 |
Fair Value [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 26,020 | 22,701 |
Debt securities, held-to-maturity, net | 17,590 | 18,885 |
Loans, net | 1,249,702 | 1,219,112 |
Accrued interest receivable | 7,811 | 7,482 |
FINANCIAL LIABILITIES: | ||
Deposits | 1,595,620 | 1,604,380 |
Long-term debt | 17,668 | 18,573 |
Accrued interest payable | 915 | 311 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 26,020 | 22,701 |
Debt securities, held-to-maturity, net | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
FINANCIAL LIABILITIES: | ||
Deposits | 1,375,690 | 1,448,470 |
Long-term debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 0 | 0 |
Debt securities, held-to-maturity, net | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 7,811 | 7,482 |
FINANCIAL LIABILITIES: | ||
Deposits | 219,930 | 155,910 |
Long-term debt | 17,668 | 18,573 |
Accrued interest payable | 915 | 311 |
Significant Unobservable Inputs (Level 3) [Member] | ||
FINANCIAL ASSETS: | ||
Cash and cash equivalents | 0 | 0 |
Debt securities, held-to-maturity, net | 17,590 | 18,885 |
Loans, net | 1,249,702 | 1,219,112 |
Accrued interest receivable | 0 | 0 |
FINANCIAL LIABILITIES: | ||
Deposits | 0 | 0 |
Long-term debt | 0 | 0 |
Accrued interest payable | $ 0 | $ 0 |