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CREDIT DISCLOSURES (Tables)

9 Months Ended

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

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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
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-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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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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-Publisher FASB
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