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CREDIT DISCLSOURES (Tables)

3 Months Ended

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 (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
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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
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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.

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