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CREDIT DISCLOSURES (Tables) | 9 Months Ended
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Jun. 30, 2017
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Receivable | Loans receivable at June 30, 2017 and September 30, 2016 were as follows:
| June 30, 2017 |  | September 30, 2016
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 190,731 |  |  | $ | 162,298 |
Commercial and Multi-Family Real Estate | 493,859 |  |  | 422,932 |
Agricultural Real Estate | 62,521 |  |  | 63,612 |
Consumer | 172,151 |  |  | 37,094 |
Commercial Operating | 39,076 |  |  | 31,271 |
Agricultural Operating | 35,471 |  |  | 37,083 |
Premium Finance | 231,587 |  |  | 171,604 |
Total Loans Receivable | 1,225,396 |  |  | 925,894 |
Allowance for Loan Losses | (14,968 | ) |  | (5,635 | )
Net Deferred Loan Origination Fees | (1,037 | ) |  | (789 | )
Total Loans Receivable, Net | $ | 1,209,391 |  |  | $ | 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 and nine months ended June 30, 2017 and 2016 was 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, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Provision (recovery) for loan losses | 510 |  |  | 386 |  |  | (80 | ) |  | 142 |  |  | 249 |  |  | (44 | ) |  | 187 |  |  | (110 | ) |  | 1,240 |
Charge offs | — |  |  | — |  |  | — |  |  | (1 | ) |  | (799 | ) |  | — |  |  | (94 | ) |  | — |  |  | (894 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 15 |  |  | — |  |  | 20 |
Ending balance | $ | 806 |  |  | $ | 2,128 |  |  | $ | 1,444 |  |  | $ | 7,847 |  |  | $ | 222 |  |  | $ | 1,305 |  |  | $ | 705 |  |  | $ | 511 |  |  | $ | 14,968 |
Nine Months Ended June 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 | 152 |  |  | (70 | ) |  | 1,302 |  |  | 7,773 |  |  | 1,244 |  |  | (39 | ) |  | 412 |  |  | (42 | ) |  | 10,732 |
Charge offs | — |  |  | — |  |  | — |  |  | (1 | ) |  | (1,149 | ) |  | — |  |  | (352 | ) |  | — |  |  | (1,502 | )
Recoveries | — |  |  | — |  |  | — |  |  | 24 |  |  | 10 |  |  | 12 |  |  | 57 |  |  | — |  |  | 103 |
Ending balance | $ | 806 |  |  | $ | 2,128 |  |  | $ | 1,444 |  |  | $ | 7,847 |  |  | $ | 222 |  |  | $ | 1,305 |  |  | $ | 705 |  |  | $ | 511 |  |  | $ | 14,968 |
Ending balance: individually evaluated for impairment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ending balance: collectively evaluated for impairment | 806 |  |  | 2,128 |  |  | 1,444 |  |  | 7,847 |  |  | 222 |  |  | 1,305 |  |  | 705 |  |  | 511 |  |  | 14,968 |
Total | $ | 806 |  |  | $ | 2,128 |  |  | $ | 1,444 |  |  | $ | 7,847 |  |  | $ | 222 |  |  | $ | 1,305 |  |  | $ | 705 |  |  | $ | 511 |  |  | $ | 14,968 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 133 |  |  | 1,301 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,434 |
Ending balance: collectively evaluated for impairment | 190,598 |  |  | 492,558 |  |  | 62,521 |  |  | 172,151 |  |  | 39,076 |  |  | 35,471 |  |  | 231,587 |  |  | — |  |  | 1,223,962 |
Total | $ | 190,731 |  |  | $ | 493,859 |  |  | $ | 62,521 |  |  | $ | 172,151 |  |  | $ | 39,076 |  |  | $ | 35,471 |  |  | $ | 231,587 |  |  | $ | — |  |  | $ | 1,225,396 |
| 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 |
Asset Classification of Loans | The asset classification of loans at June 30, 2017 and September 30, 2016 were as follows:
June 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 | $ | 189,645 |  |  | $ | 488,279 |  |  | $ | 27,580 |  |  | $ | 172,151 |  |  | $ | 39,076 |  |  | $ | 20,018 |  |  | $ | 231,587 |  |  | $ | 1,168,336 |
Watch | 532 |  |  | 3,871 |  |  | — |  |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 4,444 |
Special Mention | 398 |  |  | 203 |  |  | 2,939 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,540 |
Substandard | 156 |  |  | 1,506 |  |  | 32,002 |  |  | — |  |  | — |  |  | 15,412 |  |  | — |  |  | 49,076 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 190,731 |  |  | $ | 493,859 |  |  | $ | 62,521 |  |  | $ | 172,151 |  |  | $ | 39,076 |  |  | $ | 35,471 |  |  | $ | 231,587 |  |  | $ | 1,225,396 |
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 June 30, 2017 and September 30, 2016 were as follows:
June 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 | $ | 430 |  |  | $ | — |  |  | $ | — |  |  | $ | 430 |  |  | $ | 190,242 |  |  | $ | 59 |  |  | $ | 190,731 |
Commercial and Multi-Family Real Estate | — |  |  | 549 |  |  | — |  |  | 549 |  |  | 493,141 |  |  | 169 |  |  | 493,859 |
Agricultural Real Estate | 1,164 |  |  | 2,117 |  |  | 36,208 |  |  | 39,489 |  |  | 23,032 |  |  | — |  |  | 62,521 |
Consumer | 666 |  |  | 570 |  |  | 9,372 |  |  | 10,608 |  |  | 161,543 |  |  | — |  |  | 172,151 |
Commercial Operating | — |  |  | — |  |  | — |  |  | — |  |  | 39,076 |  |  | — |  |  | 39,076 |
Agricultural Operating | — |  |  | 97 |  |  | — |  |  | 97 |  |  | 35,374 |  |  | — |  |  | 35,471 |
Premium Finance | 100 |  |  | 719 |  |  | 805 |  |  | 1,624 |  |  | 229,963 |  |  | — |  |  | 231,587 |
Total | $ | 2,360 |  |  | $ | 4,052 |  |  | $ | 46,385 |  |  | $ | 52,797 |  |  | $ | 1,172,371 |  |  | $ | 228 |  |  | $ | 1,225,396 |
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 June 30, 2017 and September 30, 2016 were as follows:
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
June 30, 2017 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 133 |  |  | $ | 133 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 1,301 |  |  | 1,301 |  |  | — |
Total | $ | 1,434 |  |  | $ | 1,434 |  |  | $ | — |
| 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 and nine month periods ended June 30, 2017 and 2016.
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 210 |  |  | $ | 146 |  |  | $ | 197 |  |  | $ | 127 |
Commercial and Multi-Family Real Estate | 1,196 |  |  | 1,059 |  |  | 765 |  |  | 1,221 |
Agricultural Real Estate | 388 |  |  | — |  |  | 194 |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
Commercial Operating | 201 |  |  | 5 |  |  | 269 |  |  | 8 |
Agricultural Operating | 715 |  |  | 2,280 |  |  | 358 |  |  | 3,891 |
Premium Finance | — |  |  | — |  |  | — |  |  | — |
Total | $ | 2,710 |  |  | $ | 3,490 |  |  | $ | 1,783 |  |  | $ | 5,247 |

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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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