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CREDIT DISCLSOURES (Tables) | 3 Months Ended
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Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Receivable | Loans receivable at December 31, 2016 and September 30, 2016 are as follows:
| December 31, 2016 |  | September 30, 2016
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 172,877 |  |  | $ | 162,298 |
Commercial and Multi-Family Real Estate | 440,512 |  |  | 422,932 |
Agricultural Real Estate | 64,014 |  |  | 63,612 |
Consumer | 173,164 |  |  | 37,094 |
Commercial Operating | 50,824 |  |  | 31,271 |
Agricultural Operating | 33,617 |  |  | 37,083 |
Premium Finance | 179,508 |  |  | 171,604 |
Total Loans Receivable | 1,114,516 |  |  | 925,894 |
Allowance for Loan Losses | (6,415 | ) |  | (5,635 | )
Net Deferred Loan Origination Fees | (1,031 | ) |  | (789 | )
Total Loans Receivable, Net | $ | 1,107,070 |  |  | $ | 919,470 |
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans | Activity in the allowance for loan losses and balances of loans receivable by portfolio segment for the three months ended December 31, 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 December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 654 |  |  | $ | 2,198 |  |  | $ | 142 |  |  | $ | 51 |  |  | $ | 117 |  |  | $ | 1,332 |  |  | $ | 588 |  |  | $ | 553 |  |  | $ | 5,635 |
Provision (recovery) for loan losses | — |  |  | (286 | ) |  | 334 |  |  | (28 | ) |  | 691 |  |  | (3 | ) |  | 110 |  |  | 25 |  |  | 843 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (118 | ) |  | — |  |  | (118 | )
Recoveries | — |  |  | — |  |  | — |  |  | 24 |  |  | 5 |  |  | 12 |  |  | 14 |  |  | — |  |  | 55 |
Ending balance | $ | 654 |  |  | $ | 1,912 |  |  | $ | 476 |  |  | $ | 47 |  |  | $ | 813 |  |  | $ | 1,341 |  |  | $ | 594 |  |  | $ | 578 |  |  | $ | 6,415 |
Ending balance: individually evaluated for impairment | 11 |  |  | — |  |  | — |  |  | — |  |  | 339 |  |  | — |  |  | — |  |  | — |  |  | 350 |
Ending balance: collectively evaluated for impairment | 643 |  |  | 1,912 |  |  | 476 |  |  | 47 |  |  | 474 |  |  | 1,341 |  |  | 594 |  |  | 578 |  |  | 6,065 |
Total | $ | 654 |  |  | $ | 1,912 |  |  | $ | 476 |  |  | $ | 47 |  |  | $ | 813 |  |  | $ | 1,341 |  |  | $ | 594 |  |  | $ | 578 |  |  | $ | 6,415 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 190 |  |  | 429 |  |  | — |  |  | — |  |  | 505 |  |  | — |  |  | — |  |  | — |  |  | 1,124 |
Ending balance: collectively evaluated for impairment | 172,687 |  |  | 440,083 |  |  | 64,014 |  |  | 173,164 |  |  | 50,319 |  |  | 33,617 |  |  | 179,508 |  |  | — |  |  | 1,113,392 |
Total | $ | 172,877 |  |  | $ | 440,512 |  |  | $ | 64,014 |  |  | $ | 173,164 |  |  | $ | 50,824 |  |  | $ | 33,617 |  |  | $ | 179,508 |  |  | $ | — |  |  | $ | 1,114,516 |
| 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 December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 278 |  |  | $ | 1,187 |  |  | $ | 163 |  |  | $ | 20 |  |  | $ | 28 |  |  | $ | 3,537 |  |  | $ | 293 |  |  | $ | 749 |  |  | $ | 6,255 |
Provision (recovery) for loan losses | 7 |  |  | 7 |  |  | 8 |  |  | — |  |  | 79 |  |  | 319 |  |  | 506 |  |  | (140 | ) |  | 786 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (390 | ) |  | — |  |  | (390 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | 15 |
Ending balance | $ | 285 |  |  | $ | 1,194 |  |  | $ | 171 |  |  | $ | 20 |  |  | $ | 107 |  |  | $ | 3,856 |  |  | $ | 424 |  |  | $ | 609 |  |  | $ | 6,666 |
Ending balance: individually evaluated for impairment | — |  |  | 235 |  |  | — |  |  | — |  |  | — |  |  | 3,614 |  |  | — |  |  | — |  |  | 3,849 |
Ending balance: collectively evaluated for impairment | 285 |  |  | 959 |  |  | 171 |  |  | 20 |  |  | 107 |  |  | 242 |  |  | 424 |  |  | 609 |  |  | 2,817 |
Total | $ | 285 |  |  | $ | 1,194 |  |  | $ | 171 |  |  | $ | 20 |  |  | $ | 107 |  |  | $ | 3,856 |  |  | $ | 424 |  |  | $ | 609 |  |  | $ | 6,666 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 117 |  |  | 1,341 |  |  | — |  |  | — |  |  | 8 |  |  | 4,832 |  |  | — |  |  | — |  |  | 6,298 |
Ending balance: collectively evaluated for impairment | 134,733 |  |  | 320,784 |  |  | 64,181 |  |  | 34,868 |  |  | 37,497 |  |  | 35,580 |  |  | 110,640 |  |  | — |  |  | 738,283 |
Total | $ | 134,850 |  |  | $ | 322,125 |  |  | $ | 64,181 |  |  | $ | 34,868 |  |  | $ | 37,505 |  |  | $ | 40,412 |  |  | $ | 110,640 |  |  | $ | — |  |  | $ | 744,581 |
Asset Classification of Loans | The asset classification of loans at December 31, 2016 and September 30, 2016 are as follows:
December 31, 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 | $ | 171,840 |  |  | $ | 439,186 |  |  | $ | 33,272 |  |  | $ | 173,164 |  |  | $ | 50,139 |  |  | $ | 17,815 |  |  | $ | 179,508 |  |  | $ | 1,064,924 |
Watch | 197 |  |  | 73 |  |  | 1,641 |  |  | — |  |  | 180 |  |  | 1,999 |  |  | — |  |  | 4,090 |
Special Mention | 663 |  |  | 938 |  |  | 24,645 |  |  | — |  |  | — |  |  | 3,286 |  |  | — |  |  | 29,532 |
Substandard | 177 |  |  | 315 |  |  | 4,456 |  |  | — |  |  | 165 |  |  | 10,517 |  |  | — |  |  | 15,630 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 340 |  |  | — |  |  | — |  |  | 340 |
| $ | 172,877 |  |  | $ | 440,512 |  |  | $ | 64,014 |  |  | $ | 173,164 |  |  | $ | 50,824 |  |  | $ | 33,617 |  |  | $ | 179,508 |  |  | $ | 1,114,516 |
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 December 31, 2016 and September 30, 2016 were as follows:
December 31, 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 | $ | 98 |  |  | $ | — |  |  | $ | 382 |  |  | $ | 480 |  |  | $ | 172,285 |  |  | $ | 112 |  |  | $ | 172,877 |
Commercial and Multi-Family Real Estate | 3,040 |  |  | 155 |  |  | — |  |  | 3,195 |  |  | 437,317 |  |  | — |  |  | 440,512 |
Agricultural Real Estate | 1,146 |  |  | 1,060 |  |  | — |  |  | 2,206 |  |  | 61,808 |  |  | — |  |  | 64,014 |
Consumer | 309 |  |  | — |  |  | 29 |  |  | 338 |  |  | 172,826 |  |  | — |  |  | 173,164 |
Commercial Operating | — |  |  | — |  |  | — |  |  | — |  |  | 50,319 |  |  | 505 |  |  | 50,824 |
Agricultural Operating | — |  |  | — |  |  | — |  |  | — |  |  | 33,617 |  |  | — |  |  | 33,617 |
Premium Finance | 1,080 |  |  | 431 |  |  | 1,207 |  |  | 2,718 |  |  | 176,790 |  |  | — |  |  | 179,508 |
Total | $ | 5,673 |  |  | $ | 1,646 |  |  | $ | 1,618 |  |  | $ | 8,937 |  |  | $ | 1,104,962 |  |  | $ | 617 |  |  | $ | 1,114,516 |
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 December 31, 2016 and September 30, 2016 were as follows:
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
December 31, 2016 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 112 |  |  | $ | 112 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 429 |  |  | 429 |  |  | — |
Total | $ | 541 |  |  | $ | 541 |  |  | $ | — |
Loans with a specific valuation allowance |  |  |  |  |  |  |  |
1-4 Family Real Estate | $ | 78 |  |  | $ | 78 |  |  | $ | 11 |
Commercial Operating | $ | 505 |  |  | $ | 505 |  |  | $ | 339 |
Total | $ | 583 |  |  | $ | 583 |  |  | $ | 350 |
| 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 |
The following table provides the average recorded investment in impaired loans for the three month periods ended December 31, 2016 and 2015.
| Three Months Ended December 31, |
| 2016 |  | 2015 |
| Average Recorded Investment |  | Average Recorded Investment |
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 172 |  |  | $ | 119 |  |
Commercial and Multi-Family Real Estate | 432 |  |  | 1,347 |  |
Commercial Operating | 168 |  |  | 10 |  |
Agricultural Operating | — |  |  | 5,032 |  |
Total | $ | 772 |  |  | $ | 6,508 |  |

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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=66008989&loc=SL6953659-111524 + Details
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