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CREDIT DISCLOSURES (Tables) | 9 Months Ended
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Jun. 30, 2016
Receivables [Abstract] |
Schedule of Loan Receivables | Loans receivable at June 30, 2016 and September 30, 2015 are as follows:
| June 30, 2016 |  | September 30, 2015
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 150,461 |  |  | $ | 125,021 |
Commercial and Multi-Family Real Estate | 386,798 |  |  | 310,199 |
Agricultural Real Estate | 64,130 |  |  | 64,316 |
Consumer | 36,986 |  |  | 33,527 |
Commercial Operating | 40,971 |  |  | 29,893 |
Agricultural Operating | 40,435 |  |  | 43,626 |
Premium Finance | 141,342 |  |  | 106,505 |
Total Loans Receivable | 861,123 |  |  | 713,087 |
Less: |  |  |  |  |
Allowance for Loan Losses | (6,120 | ) |  | (6,255 | )
Net Deferred Loan Origination Fees | (497 | ) |  | (577 | )
Total Loans Receivable, Net | $ | 854,506 |  |  | $ | 706,255 |
Activity in Allowance for Loan Losses | Activity in the allowance for loan losses and balances of loans receivable by portfolio segment for the three and nine month periods ended June 30, 2016 and 2015 is as follows:
| 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Unallocated |  | Total
| (Dollars in Thousands)
Three Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 327 |  |  | $ | 1,694 |  |  | $ | 154 |  |  | $ | 1,059 |  |  | $ | 45 |  |  | $ | 3,327 |  |  | $ | 477 |  |  | $ | 348 |  |  | $ | 7,431 |
Provision (recovery) for loan losses | 66 |  |  | 428 |  |  | 49 |  |  | (243 | ) |  | 281 |  |  | 1,436 |  |  | 95 |  |  | (14 | ) |  | 2,098 |
Charge offs | — |  |  | (95 | ) |  | — |  |  | (1 | ) |  | — |  |  | (3,253 | ) |  | (104 | ) |  | — |  |  | (3,453 | )
Recoveries | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 43 |  |  | — |  |  | 44 |
Ending balance | $ | 393 |  |  | $ | 2,027 |  |  | $ | 203 |  |  | $ | 816 |  |  | $ | 326 |  |  | $ | 1,510 |  |  | $ | 511 |  |  | $ | 334 |  |  | $ | 6,120 |
Nine Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 278 |  |  | $ | 1,187 |  |  | $ | 163 |  |  | $ | 20 |  |  | $ | 28 |  |  | $ | 3,537 |  |  | $ | 293 |  |  | $ | 749 |  |  | $ | 6,255 |
Provision (recovery) for loan losses | 115 |  |  | 1,225 |  |  | 40 |  |  | 796 |  |  | 298 |  |  | 1,226 |  |  | 772 |  |  | (415 | ) |  | 4,057 |
Charge offs | — |  |  | (385 | ) |  | — |  |  | (1 | ) |  | — |  |  | (3,253 | ) |  | (631 | ) |  | — |  |  | (4,270 | )
Recoveries | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 77 |  |  | — |  |  | 78 |
Ending balance | $ | 393 |  |  | $ | 2,027 |  |  | $ | 203 |  |  | $ | 816 |  |  | $ | 326 |  |  | $ | 1,510 |  |  | $ | 511 |  |  | $ | 334 |  |  | $ | 6,120 |
Ending balance: individually evaluated for impairment | 31 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 31 |
Ending balance: collectively evaluated for impairment | 362 |  |  | 2,027 |  |  | 203 |  |  | 816 |  |  | 326 |  |  | 1,510 |  |  | 511 |  |  | 334 |  |  | 6,089 |
Total | $ | 393 |  |  | $ | 2,027 |  |  | $ | 203 |  |  | $ | 816 |  |  | $ | 326 |  |  | $ | 1,510 |  |  | $ | 511 |  |  | $ | 334 |  |  | $ | 6,120 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 210 |  |  | 994 |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 1,207 |
Ending balance: collectively evaluated for impairment | 150,251 |  |  | 385,804 |  |  | 64,130 |  |  | 36,986 |  |  | 40,968 |  |  | 40,435 |  |  | 141,342 |  |  | — |  |  | 859,916 |
Total | $ | 150,461 |  |  | $ | 386,798 |  |  | $ | 64,130 |  |  | $ | 36,986 |  |  | $ | 40,971 |  |  | $ | 40,435 |  |  | $ | 141,342 |  |  | $ | — |  |  | $ | 861,123 |
| 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Unallocated |  | Total
| (Dollars in Thousands)
Three Months Ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 522 |  |  | $ | 1,218 |  |  | $ | 265 |  |  | $ | 78 |  |  | $ | 101 |  |  | $ | 667 |  |  | $ | 168 |  |  | $ | 2,697 |  |  | $ | 5,716 |
Provision (recovery) for loan losses | 8 |  |  | 34 |  |  | 164 |  |  | 5 |  |  | 9 |  |  | 1,940 |  |  | 100 |  |  | (1,560 | ) |  | 700 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (150 | ) |  | (96 | ) |  | — |  |  | (246 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 62 |  |  | — |  |  | 62 |
Ending balance | $ | 530 |  |  | $ | 1,252 |  |  | $ | 429 |  |  | $ | 83 |  |  | $ | 110 |  |  | $ | 2,457 |  |  | $ | 234 |  |  | $ | 1,137 |  |  | $ | 6,232 |
Nine Months Ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 552 |  |  | $ | 1,575 |  |  | $ | 263 |  |  | $ | 78 |  |  | $ | 93 |  |  | $ | 719 |  |  | $ | — |  |  | $ | 2,117 |  |  | $ | 5,397 |
Provision (recovery) for loan losses | 23 |  |  | (115 | ) |  | 166 |  |  | 5 |  |  | 14 |  |  | 1,888 |  |  | 340 |  |  | (980 | ) |  | 1,341 |
Charge offs | (45 | ) |  | (214 | ) |  | — |  |  | — |  |  | — |  |  | (150 | ) |  | (194 | ) |  | — |  |  | (603 | )
Recoveries | — |  |  | 6 |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 88 |  |  | — |  |  | 97 |
Ending balance | $ | 530 |  |  | $ | 1,252 |  |  | $ | 429 |  |  | $ | 83 |  |  | $ | 110 |  |  | $ | 2,457 |  |  | $ | 234 |  |  | $ | 1,137 |  |  | $ | 6,232 |
Ending balance: individually evaluated for impairment | — |  |  | 265 |  |  | — |  |  | — |  |  | — |  |  | 2,161 |  |  | — |  |  | — |  |  | 2,426 |
Ending balance: collectively evaluated for impairment | 530 |  |  | 987 |  |  | 429 |  |  | 83 |  |  | 110 |  |  | 296 |  |  | 234 |  |  | 1,137 |  |  | 3,806 |
Total | $ | 530 |  |  | $ | 1,252 |  |  | $ | 429 |  |  | $ | 83 |  |  | $ | 110 |  |  | $ | 2,457 |  |  | $ | 234 |  |  | $ | 1,137 |  |  | $ | 6,232 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 124 |  |  | 1,397 |  |  | — |  |  | — |  |  | 13 |  |  | 5,869 |  |  | — |  |  | — |  |  | 7,403 |
Ending balance: collectively evaluated for impairment | 118,592 |  |  | 277,513 |  |  | 64,173 |  |  | 32,968 |  |  | 29,991 |  |  | 35,642 |  |  | 91,740 |  |  | — |  |  | 650,619 |
Total | $ | 118,716 |  |  | $ | 278,910 |  |  | $ | 64,173 |  |  | $ | 32,968 |  |  | $ | 30,004 |  |  | $ | 41,511 |  |  | $ | 91,740 |  |  | $ | — |  |  | $ | 658,022 |
Asset Classification of Loans Excluding Loans Held for Sale | The asset classification of loans at June 30, 2016 and September 30, 2015 are as follows:
June 30, 2016 | 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Total
| (Dollars in Thousands)
Pass | $ | 149,303 |  |  | $ | 385,631 |  |  | $ | 34,803 |  |  | $ | 36,986 |  |  | $ | 40,194 |  |  | $ | 21,182 |  |  | $ | 141,342 |  |  | $ | 809,441 |
Watch | 1,029 |  |  | 609 |  |  | 2,934 |  |  | — |  |  | 705 |  |  | 5,007 |  |  | — |  |  | 10,284 |
Special Mention | 21 |  |  | — |  |  | 25,765 |  |  | — |  |  | — |  |  | 5,204 |  |  | — |  |  | 30,990 |
Substandard | 108 |  |  | 558 |  |  | 628 |  |  | — |  |  | 72 |  |  | 9,042 |  |  | — |  |  | 10,408 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 150,461 |  |  | $ | 386,798 |  |  | $ | 64,130 |  |  | $ | 36,986 |  |  | $ | 40,971 |  |  | $ | 40,435 |  |  | $ | 141,342 |  |  | $ | 861,123 |
September 30, 2015 | 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Total
| (Dollars in Thousands)
Pass | $ | 124,775 |  |  | $ | 307,876 |  |  | $ | 35,106 |  |  | $ | 33,527 |  |  | $ | 29,052 |  |  | $ | 29,336 |  |  | $ | 106,505 |  |  | $ | 666,177 |
Watch | 212 |  |  | 1,419 |  |  | 26,703 |  |  | — |  |  | 712 |  |  | 1,079 |  |  | — |  |  | 30,125 |
Special Mention | 10 |  |  | — |  |  | 877 |  |  | — |  |  | — |  |  | 4,014 |  |  | — |  |  | 4,901 |
Substandard | 24 |  |  | 904 |  |  | 1,630 |  |  | — |  |  | 129 |  |  | 9,197 |  |  | — |  |  | 11,884 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 125,021 |  |  | $ | 310,199 |  |  | $ | 64,316 |  |  | $ | 33,527 |  |  | $ | 29,893 |  |  | $ | 43,626 |  |  | $ | 106,505 |  |  | $ | 713,087 |
Summary of Past Due Loans | Past due loans at June 30, 2016 and September 30, 2015 are as follows:
June 30, 2016 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater Than 90 Days |  | Total Past Due |  | Current |  | Non-Accrual Loans |  | Total Loans Receivable
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 419 |  |  | $ | 83 |  |  | $ | — |  |  | $ | 502 |  |  | $ | 149,831 |  |  | $ | 128 |  |  | $ | 150,461 |
Commercial and Multi-Family Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | 386,285 |  |  | 513 |  |  | 386,798 |
Agricultural Real Estate | 2,385 |  |  | — |  |  | — |  |  | 2,385 |  |  | 61,745 |  |  | — |  |  | 64,130 |
Consumer | 19 |  |  | 17 |  |  | 53 |  |  | 89 |  |  | 36,897 |  |  | — |  |  | 36,986 |
Commercial Operating | 354 |  |  | — |  |  | — |  |  | 354 |  |  | 40,617 |  |  | — |  |  | 40,971 |
Agricultural Operating | — |  |  | 106 |  |  | — |  |  | 106 |  |  | 40,329 |  |  | — |  |  | 40,435 |
Premium Finance | 892 |  |  | 351 |  |  | 1,514 |  |  | 2,757 |  |  | 138,585 |  |  | — |  |  | 141,342 |
Total | $ | 4,069 |  |  | $ | 557 |  |  | $ | 1,567 |  |  | $ | 6,193 |  |  | $ | 854,289 |  |  | $ | 641 |  |  | $ | 861,123 |
September 30, 2015 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater Than 90 Days |  | Total Past Due |  | Current |  | Non-Accrual Loans |  | Total Loans Receivable
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 142 |  |  | $ | — |  |  | $ | — |  |  | $ | 142 |  |  | $ | 124,855 |  |  | $ | 24 |  |  | $ | 125,021 |
Commercial and Multi-Family Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | 309,295 |  |  | 904 |  |  | 310,199 |
Agricultural Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | 64,316 |  |  | — |  |  | 64,316 |
Consumer | 152 |  |  | — |  |  | 13 |  |  | 165 |  |  | 33,362 |  |  | — |  |  | 33,527 |
Commercial Operating | — |  |  | — |  |  | — |  |  | — |  |  | 29,893 |  |  | — |  |  | 29,893 |
Agricultural Operating | — |  |  | — |  |  | — |  |  | — |  |  | 38,494 |  |  | 5,132 |  |  | 43,626 |
Premium Finance | 702 |  |  | 362 |  |  | 1,728 |  |  | 2,792 |  |  | 103,713 |  |  | — |  |  | 106,505 |
Total | $ | 996 |  |  | $ | 362 |  |  | $ | 1,741 |  |  | $ | 3,099 |  |  | $ | 703,928 |  |  | $ | 6,060 |  |  | $ | 713,087 |
Impaired Loans | Impaired loans at June 30, 2016 and September 30, 2015 are as follows:
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
June 30, 2016 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 102 |  |  | $ | 102 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 994 |  |  | 1,379 |  |  | — |
Commercial Operating | 3 |  |  | 3 |  |  | — |
Total | $ | 1,099 |  |  | $ | 1,484 |  |  | $ | — |
Loans with a specific valuation allowance |  |  |  |  |  |  |  |
Commercial and Multi-Family Real Estate | $ | 108 |  |  | $ | 108 |  |  | $ | 31 |
Total | $ | 108 |  |  | $ | 108 |  |  | $ | 31 |
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
September 30, 2015 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 121 |  |  | $ | 121 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 446 |  |  | 446 |  |  | — |
Commercial Operating | 11 |  |  | 11 |  |  | — |
Total | $ | 578 |  |  | $ | 578 |  |  | $ | — |
Loans with a specific valuation allowance |  |  |  |  |  |  |  |
Commercial and Multi-Family Real Estate | $ | 904 |  |  | $ | 904 |  |  | $ | 241 |
Agricultural Operating | 5,132 |  |  | 5,282 |  |  | 3,252 |
Total | $ | 6,036 |  |  | $ | 6,186 |  |  | $ | 3,493 |
The following table provides the average recorded investment in impaired loans for the three and nine month periods ended June 30, 2016 and 2015.
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 146 |  |  | $ | 162 |  |  | $ | 127 |  |  | $ | 276 |
Commercial and Multi-Family Real Estate | 1,059 |  |  | 1,406 |  |  | 1,221 |  |  | 2,358 |
Agricultural Real Estate | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | 1 |  |  | — |  |  | — |
Commercial Operating | 5 |  |  | 15 |  |  | 8 |  |  | 18 |
Agricultural Operating | 2,280 |  |  | 6,046 |  |  | 3,891 |  |  | 2,871 |
Premium Finance | — |  |  | — |  |  | — |  |  | — |
Total | $ | 3,490 |  |  | $ | 7,630 |  |  | $ | 5,247 |  |  | $ | 5,523 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953401-111524 + Details
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