2020 Q1 Form 10-K Financial Statement

#000143774920006014 Filed on March 24, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2018 Q4 2018
Revenue $7.738M $26.19M
YoY Change 2.64% 17.56%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $339.0K $490.0K $1.187M
YoY Change 11.88% 19.51% -9.73%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $854.0K $1.901M
YoY Change 44.75% 28.97%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.094M $1.070M $5.740M
YoY Change 0.58% -38.51% 3.78%
Income Tax $418.0K $270.0K $1.214M
% Of Pretax Income 19.96% 25.23% 21.15%
Net Earnings $1.676M $800.0K $4.526M
YoY Change 0.66% -480.95% 86.49%
Net Earnings / Revenue 21.66% 17.28%
Basic Earnings Per Share $0.27 $0.81
Diluted Earnings Per Share $274.5K $128.6K $806.0K
COMMON SHARES
Basic Shares Outstanding 6.067M 6.213M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $49.08M $40.01M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $25.95M $20.69M $20.70M
YoY Change 24.21% 17.22% 17.61%
Goodwill $3.257M $3.198M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.000M $1.900M $1.900M
YoY Change -23.08% -36.67% -36.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $716.5M $680.3M $680.3M
YoY Change 6.39% 24.15% 24.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $100.0K $100.0K
YoY Change 0.0%
Accrued Expenses $700.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $900.0K $100.0K $100.0K
YoY Change 350.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.800M $2.700M $2.700M
YoY Change 7.69% 17.39% 17.39%
Total Long-Term Liabilities $2.800M $2.700M $2.700M
YoY Change 7.69% 17.39% 17.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $900.0K $100.0K $100.0K
Total Long-Term Liabilities $2.800M $2.700M $2.700M
Total Liabilities $635.0M $604.7M $604.7M
YoY Change 6.49% 23.2% 23.21%
SHAREHOLDERS EQUITY
Retained Earnings $42.48M $35.93M
YoY Change 15.29% 10.46%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $81.47M $75.62M $75.60M
YoY Change
Total Liabilities & Shareholders Equity $716.5M $680.3M $680.3M
YoY Change 6.39% 24.15% 24.14%

Cashflow Statement

Concept 2020 Q1 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $1.676M $800.0K $4.526M
YoY Change 0.66% -480.95% 86.49%
Depreciation, Depletion And Amortization $339.0K $490.0K $1.187M
YoY Change 11.88% 19.51% -9.73%
Cash From Operating Activities $1.567M $1.810M $6.279M
YoY Change -42.16% 50.83% 6307.14%
INVESTING ACTIVITIES
Capital Expenditures $2.852M -$210.0K $2.830M
YoY Change 459.22% -22.22% 185.57%
Acquisitions
YoY Change
Other Investing Activities -$2.580M $1.500M $33.60M
YoY Change -147.51% -300.0% -5519.35%
Cash From Investing Activities -$5.430M $1.290M $30.77M
YoY Change -210.32% -226.47% -2011.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $800.0K $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.560M -340.0K -19.92M
YoY Change -195.73% -114.91% 72.91%
NET CHANGE
Cash From Operating Activities 1.567M 1.810M 6.279M
Cash From Investing Activities -5.430M 1.290M 30.77M
Cash From Financing Activities 8.560M -340.0K -19.92M
Net Change In Cash 4.697M 2.760M 17.13M
YoY Change -458.28% 12.2% -231.45%
FREE CASH FLOW
Cash From Operating Activities $1.567M $1.810M $6.279M
Capital Expenditures $2.852M -$210.0K $2.830M
Free Cash Flow -$1.285M $2.020M $3.449M
YoY Change -158.44% 37.41% -486.23%

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CY2018Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
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CY2019Q4 us-gaap Commitments And Contingencies
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CY2018Q4 us-gaap Commitments And Contingencies
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CY2018Q4 us-gaap Common Stock Shares Issued
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CY2018Q4 us-gaap Common Stock Value
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216000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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322000
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259000
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661000
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831000
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1059000
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DefinedBenefitPlanBenefitObligation
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DefinedBenefitPlanBenefitObligation
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CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2018Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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5570000
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CY2019 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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CY2019 us-gaap Goodwill Impairment Loss
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CY2018 us-gaap Goodwill Impairment Loss
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CY2018 us-gaap Goodwill Purchase Accounting Adjustments
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CY2019 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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393000
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3807000
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8935000
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5740000
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1877000
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CY2018 us-gaap Income Tax Reconciliation Other Adjustments
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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48000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2019 us-gaap Income Taxes Paid
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95000
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
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25000
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IncreaseDecreaseOfRestrictedInvestments
341000
CY2018 us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
142000
CY2019 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1546000
CY2018 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1353000
CY2019 us-gaap Insurance Recoveries
InsuranceRecoveries
CY2018 us-gaap Insurance Recoveries
InsuranceRecoveries
303000
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
30802000
CY2018 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
26186000
CY2019 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
29177000
CY2018 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
24574000
CY2019Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
445311000
CY2018Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
441702000
CY2019Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
34861000
CY2018Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
12159000
CY2019 us-gaap Interest Expense
InterestExpense
2869000
CY2018 us-gaap Interest Expense
InterestExpense
1901000
CY2019 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
17000
CY2018 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
34000
CY2019 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2852000
CY2018 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1867000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
812000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
330000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1858000
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
132000
CY2019 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
288000
CY2018 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
106000
CY2019 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27278000
CY2018 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
23960000
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27933000
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
24285000
CY2019 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
249000
CY2018 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
228000
CY2019 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
967000
CY2018 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1181000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
2826000
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
89000
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
2072000
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
2084000
CY2019 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13245000
CY2018 us-gaap Labor And Related Expense
LaborAndRelatedExpense
11802000
CY2019 us-gaap Lease Cost
LeaseCost
170000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
123000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
68000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
66000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
97000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
128000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
83000
CY2019Q4 us-gaap Liabilities
Liabilities
624862000
CY2018Q4 us-gaap Liabilities
Liabilities
604662000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
706290000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
680284000
CY2019Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3893000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3495000
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3453000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
570353000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
536465000
CY2019Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
4800000
CY2018Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
7300000
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
566460000
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
532970000
CY2018Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
7549000
CY2017Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
4769000
CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
6969000
CY2019 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2053000
CY2018 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2662000
CY2019 us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
102000
CY2018 us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
2620000
CY2019 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
2735000
CY2018 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
2502000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
0
CY2019 us-gaap Noninterest Expense
NoninterestExpense
23258000
CY2018 us-gaap Noninterest Expense
NoninterestExpense
22857000
CY2019 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
356000
CY2018 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
370000
CY2019 us-gaap Noninterest Income
NoninterestIncome
4915000
CY2018 us-gaap Noninterest Income
NoninterestIncome
4637000
CY2019 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
309000
CY2018 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
122000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
4526000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17335000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19921000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22371000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
30774000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9416000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6279000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
7155000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
CY2018 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
12495000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
145455000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
132960000
CY2019Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
165900000
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
160166000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
73000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
73000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
729000
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0239
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y21D
CY2019Q4 us-gaap Other Assets
OtherAssets
9492000
CY2018Q4 us-gaap Other Assets
OtherAssets
9948000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1043000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-457000
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-79000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
64000
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
63000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-51000
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-16000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
13000
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
49000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
5000
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
10000
CY2019 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
32354000
CY2018 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
16785000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
908000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1484000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1123000
CY2019 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
1037000
CY2018 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3854000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2830000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
1000
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1290000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-509000
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
271000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-107000
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
3519000
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
2705000
CY2019 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2204000
CY2018 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1968000
CY2019 us-gaap Participating Mortgage Loans Extinguishment Gain Loss
ParticipatingMortgageLoansExtinguishmentGainLoss
CY2018 us-gaap Participating Mortgage Loans Extinguishment Gain Loss
ParticipatingMortgageLoansExtinguishmentGainLoss
-10000
CY2019Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2018Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Reclassification</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">&nbsp;</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Certain reclassifications have been made to the prior years&#x2019; financial statements to place them on a comparable basis with the current presentation. Net income and stockholders&#x2019; equity previously reported were <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> affected by these reclassifications.</div></div></div>
CY2019 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
CY2018 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
672000
CY2019Q4 us-gaap Restricted Investments
RestrictedInvestments
2394000
CY2018Q4 us-gaap Restricted Investments
RestrictedInvestments
2053000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
41600000
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Securities Operating Activities
ProceedsFromMaturitiesPrepaymentsAndCallsOfSecuritiesOperatingActivities
2200000
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Securities Operating Activities
ProceedsFromMaturitiesPrepaymentsAndCallsOfSecuritiesOperatingActivities
1100000
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5548000
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5252000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8914000
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
18366000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
8900000
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
18400000
CY2019 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
753000
CY2018 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
480000
CY2019 us-gaap Professional Fees
ProfessionalFees
667000
CY2018 us-gaap Professional Fees
ProfessionalFees
452000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37581000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33656000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23437000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20685000
CY2019 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
655000
CY2018 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
325000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
35929000
CY2018Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
71424
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
729000
CY2018 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0
CY2019Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
46499
CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
97000
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
15495000
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
908000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
81428000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
75622000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
57182000
CY2019 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
438000
CY2018 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
438000
CY2019Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
74726
CY2018Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
67899
CY2019Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
26156
CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
24718
CY2019Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2019Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
37780
CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
35704
CY2019Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2019Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1286
CY2018Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1236
CY2019Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
78652
CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
43943
CY2019Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.06
CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.06
CY2018 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1163000
CY2019Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
58124
CY2018Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
54929
CY2019Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1353
CY2018Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.13
CY2019Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
CY2019Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
12612000
CY2019Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
12359000
CY2019Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
61499000
CY2019Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
27141000
CY2019Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
78377000
CY2019Q4 us-gaap Time Deposits
TimeDeposits
191988000
CY2019Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
38700000
CY2018Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
30600000
CY2019 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Use of Estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for loan and foreclosed real estate losses, management obtains independent appraisals for significant properties.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Substantially all of the Bank&#x2019;s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectability of a substantial portion of the Bank&#x2019;s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>be necessary based on changes in local economic conditions. In addition, regulatory agencies, as a part of their routine examination process, periodically review the Bank&#x2019;s allowances for loan and foreclosed real estate losses. Such agencies <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>require the Bank to recognize additions to the allowances based on their judgments about information available to them at the time of their examinations. Because of these factors, it is reasonably possible that the allowances for loan and foreclosed real estate losses <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>change materially in the near term.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company&#x2019;s tax returns are subject to examination by both Federal and State authorities. Such examinations <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>result in the assessment of additional taxes, interest and penalties. As a result, the ultimate outcome, and the corresponding financial statement impact, can be difficult to predict with accuracy.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style="width: 100%; margin-left: 0pt; margin-right: 0pt"> <div style="text-align: center; width: 100%"> <div> <div style="text-align: center; font-size: 10pt; font-family: Times New Roman;"> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"></div></div></div></div></div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>occur in the future due to changes in these assumptions.</div></div></div>
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6184133
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5622224

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