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CREDIT DISCLOSURES (Tables)

9 Months Ended

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 (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
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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

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
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