Business Combination & Asset Purchase (Tables)

12 Months Ended

Dec. 31, 2020

Business Acquisition [Line Items]

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

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

Fair Value of Consideration Transferred
	(In Thousands)
Cash	$	8,465
Common Shares (1,830,000 shares)		70,437
Total	$	78,902
Recognized amounts of identifiable assets acquired and liabilities assumed
Assets
Cash and cash equivalents	$	6,376
Securities - available-for-sale		17,494
Other securities, at cost		2,347
Loans, net		257,183
Premises and equipment		2,538
Goodwill		43,266
Other assets		7,176
Total Assets Purchased	$	336,380
Liabilities
Deposits
Noninterest bearing	$	37,822
Interest bearing		168,312
Total deposits		206,134
Federal Home Loan Bank (FHLB) advances		48,196
Accrued expenses and other liabilities		3,148
Total Liabilities Assumed	$	257,478

Summary of Carrying Amount of Loans

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

	2019
	(In Thousands)
Balance - January 1, 2019
Commercial	$	4,094
Consumer RE		231
Consumer		71
Carrying amount, net of fair value adjustment of $2,118	$	2,278
Balance - December 31, 2019
Commercial	$	106
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $62	$	44
Balance - January 1, 2020
Commercial	$	106
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $62	$	44
Balance - December 31, 2020
Commercial	$	-
Consumer RE		-
Consumer		-
Carrying amount, net of fair value adjustment of $0	$	-

Summary of Loans Acquired and Contractually Required Payments Receivable

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

	(In Thousands)
Contractually required payments receivable at acquisition
Commercial	$	4,215
Consumer RE		261
Consumer		94
Total required payments receivable	$	4,570
Cash flows expected to be collected at acquisition	$	2,788
Basis in acquired loans at acquisition	$	4,396

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

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

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

Schedule of Pro-forma Results

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

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

Schedule of Future Amortization of Core Deposit Intangible Assets

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

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

Customer Lists [Member]

Business Acquisition [Line Items]

Schedule of Future Amortization of Core Deposit Intangible Assets

Future amortization expense of customer list intangible is as follows:

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

Adams County Financial Resources

Business Acquisition [Line Items]

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

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

Fair Value of Consideration Transferred
	(In Thousands)
Common Shares (40,049 shares)	$	825
Total	$	825
Recognized amounts of identifiable assets acquired and liabilities assumed
Assets
Premises and equipment	$	25
Customer list intangible		800
Total Assets Purchased	$	825