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LOANS RECEIVABLE, NET (Tables)

12 Months Ended

Sep. 30, 2017

Loans and Leases Receivable Disclosure [Abstract]

Year-end Loans Receivable

Year-end loans receivable were as follows:

	September 30, 2017				September 30, 2016
	(Dollars in Thousands)
1-4 Family Real Estate	$	196,706			$	162,298
Commercial and Multi-Family Real Estate	585,510				422,932
Agricultural Real Estate	61,800				63,612
Consumer	163,004				37,094
Commercial Operating	35,759				31,271
Agricultural Operating	33,594				37,083
Premium Finance	250,459				171,604
Total Loans Receivable	1,326,832				925,894
Allowance for Loan Losses	(7,534		)		(5,635		)
Net Deferred Loan Origination Fees	(1,461		)		(789		)
Total Loans Receivable, Net	$	1,317,837			$	919,470

Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans

Annual activity in the allowance for loan losses was as follows:

Year ended September 30,	2017				2016				2015
	(Dollars in Thousands)
Beginning balance	$	5,635			$	6,255			$	5,397
Provision for loan losses	10,589				4,605				1,465
Recoveries	307				147				123
Charge offs	(8,997		)		(5,372		)		(730		)
Ending balance	$	7,534			$	5,635			$	6,255

Allowance for Loan Losses and Recorded Investment in loans at September 30, 2017 and 2016 were 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)
Year Ended September 30, 2017
Allowance for loan losses:
Beginning balance	$	654			$	2,198			$	142			$	51			$	117			$	1,332			$	588			$	553			$	5,635
Provision (recovery) for loan losses	149				610				1,248				6,830				1,165				(160		)		773				(26		)		10,589
Charge offs	—				(138		)		—				(7,084		)		(1,149		)		—				(626		)		—				(8,997		)
Recoveries	—				—				—				209				25				12				61				—				307
Ending balance	$	803			$	2,670			$	1,390			$	6			$	158			$	1,184			$	796			$	527			$	7,534
Ending balance: individually evaluated for impairment	—				—				—				—				—				—				—				—				—
Ending balance: collectively evaluated for impairment	803				2,670				1,390				6				158				1,184				796				527				7,534
Total	$	803			$	2,670			$	1,390			$	6			$	158			$	1,184			$	796			$	527			$	7,534
Loans:
Ending balance: individually evaluated for impairment	72				1,109				—				—				—				—				—				—				1,181
Ending balance: collectively evaluated for impairment	196,634				584,401				61,800				163,004				35,759				33,594				250,459				—				1,325,651
Total	$	196,706			$	585,510			$	61,800			$	163,004			$	35,759			$	33,594			$	250,459			$	—			$	1,326,832

	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)
Year Ended September 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	408				1,369				(21		)		748				338				1,045				914				(196		)		4,605
Charge offs	(32		)		(385		)		—				(728		)		(249		)		(3,252		)		(726		)		—				(5,372		)
Recoveries	—				27				—				11				—				2				107				—				147
Ending balance	$	654			$	2,198			$	142			$	51			$	117			$	1,332			$	588			$	553			$	5,635
Ending balance: individually evaluated for impairment	10				—				—				—				—				—				—				—				10
Ending balance: collectively evaluated for impairment	644				2,198				142				51				117				1,332				588				553				5,625
Total	$	654			$	2,198			$	142			$	51			$	117			$	1,332			$	588			$	553			$	5,635
Loans:
Ending balance: individually evaluated for impairment	162				433				—				—				—				—				—				—				595
Ending balance: collectively evaluated for impairment	162,136				422,499				63,612				37,094				31,271				37,083				171,604				—				925,299
Total	$	162,298			$	422,932			$	63,612			$	37,094			$	31,271			$	37,083			$	171,604			$	—			$	925,894

Asset Classification of Loans

The asset classification of loans at September 30, 2017, and 2016, were as follows:

September 30, 2017	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	$	195,838			$	574,730			$	27,376			$	163,004			$	35,759			$	18,394			$	250,459			$	1,265,560
Watch	525				10,200				2,006				—				—				4,541				—				17,272
Special Mention	247				201				2,939				—				—				—				—				3,387
Substandard	96				379				29,479				—				—				10,659				—				40,613
Doubtful	—				—				—				—				—				—				—				—
	$	196,706			$	585,510			$	61,800			$	163,004			$	35,759			$	33,594			$	250,459			$	1,326,832

September 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	$	161,255			$	421,577			$	34,421			$	37,094			$	30,574			$	19,669			$	171,604			$	876,194
Watch	200				72				2,934				—				184				4,625				—				8,015
Special Mention	666				962				25,675				—				—				5,407				—				32,710
Substandard	177				321				582				—				513				7,382				—				8,975
Doubtful	—				—				—				—				—				—				—				—
	$	162,298			$	422,932			$	63,612			$	37,094			$	31,271			$	37,083			$	171,604			$	925,894

Past Due Loans

Past due loans at September 30, 2017 and 2016 were as follows:

September 30, 2017	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	$	370			$	79			$	—			$	449			$	196,257			$	—			$	196,706
Commercial and Multi-Family Real Estate	—				—				—				—				584,825				685				585,510
Agricultural Real Estate	—				—				34,198				34,198				27,602				—				61,800
Consumer	2,512				558				1,406				4,476				158,528				—				163,004
Commercial Operating	—				—				—				—				35,759				—				35,759
Agricultural Operating	—				—				97				97				33,497				—				33,594
Premium Finance	1,509				2,442				1,205				5,156				245,303				—				250,459
Total	$	4,391			$	3,079			$	36,906			$	44,376			$	1,281,771			$	685			$	1,326,832

September 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	$	—			$	30			$	—			$	30			$	162,185			$	83			$	162,298
Commercial and Multi-Family Real Estate	—				—				—				—				422,932				—				422,932
Agricultural Real Estate	—				—				—				—				63,612				—				63,612
Consumer	—				—				53				53				37,041				—				37,094
Commercial Operating	151				354				—				505				30,766				—				31,271
Agricultural Operating	—				—				—				—				37,083				—				37,083
Premium Finance	1,398				275				965				2,638				168,966				—				171,604
Total	$	1,549			$	659			$	1,018			$	3,226			$	922,585			$	83			$	925,894

Impaired Loans

Impaired loans at September 30, 2017 and 2016 were as follows:

	Recorded Balance				Unpaid Principal Balance				Specific Allowance
September 30, 2017	(Dollars in Thousands)
Loans without a specific valuation allowance
1-4 Family Real Estate	$	72			$	72			$	—
Commercial and Multi-Family Real Estate	1,109				1,109				—
Total	$	1,181			$	1,181			$	—
Loans with a specific valuation allowance
Total	$	—			$	—			$	—

	Recorded Balance				Unpaid Principal Balance				Specific Allowance
September 30, 2016	(Dollars in Thousands)
Loans without a specific valuation allowance
1-4 Family Real Estate	$	84			$	84			$	—
Commercial and Multi-Family Real Estate	433				433				—
Total	$	517			$	517			$	—
Loans with a specific valuation allowance
1-4 Family Real Estate	$	78			$	78			$	10
Total	$	78			$	78			$	10

Cash interest collected on impaired loans was not material during the years ended September 30, 2017 and 2016.

The following table provides the average recorded investment in impaired loans for the years ended September 30, 2017 and 2016.

	Year Ended September 30,
	2017				2016
	Average Recorded Investment				Average Recorded Investment
1-4 Family Real Estate	$	176			$	144
Commercial and Multi-Family Real Estate	883				1,117
Agricultural Real Estate	146				—
Commercial Operating	202				6
Agricultural Operating	268				2,919
Total	$	1,675			$	4,186

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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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524

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