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CREDIT DISCLOSURES (Tables) | 3 Months Ended
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Dec. 31, 2017
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Receivable | Loans receivable at December 31, 2017 and September 30, 2017 were as follows:
| December 31, 2017 |  | September 30, 2017
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 203,967 |  |  | $ | 196,706 |
Commercial and Multi-Family Real Estate | 654,029 |  |  | 585,510 |
Agricultural Real Estate | 61,303 |  |  | 61,800 |
Consumer | 274,981 |  |  | 163,004 |
Commercial Operating | 56,516 |  |  | 35,759 |
Agricultural Operating | 24,696 |  |  | 33,594 |
Commercial Insurance Premium Finance | 235,671 |  |  | 250,459 |
Total Loans Receivable | 1,511,163 |  |  | 1,326,832 |
Allowance for Loan Losses | (8,862 | ) |  | (7,534 | )
Net Deferred Loan Origination Fees | (2,023 | ) |  | (1,461 | )
Total Loans Receivable, Net | $ | 1,500,278 |  |  | $ | 1,317,837 |
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, 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 |  | CML Insurance Premium Finance |  | Unallocated |  | Total
| (Dollars in Thousands)
Three Months Ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 803 |  |  | $ | 2,670 |  |  | $ | 1,390 |  |  | $ | 6 |  |  | $ | 158 |  |  | $ | 1,184 |  |  | $ | 796 |  |  | $ | 527 |  |  | $ | 7,534 |
Provision (recovery) for loan losses | (118 | ) |  | 364 |  |  | (210 | ) |  | 297 |  |  | 690 |  |  | (380 | ) |  | 51 |  |  | 374 |  |  | 1,068 |
Charge offs | (31 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (129 | ) |  | — |  |  | (160 | )
Recoveries | — |  |  | — |  |  | — |  |  | 367 |  |  | 46 |  |  | — |  |  | 7 |  |  | — |  |  | 420 |
Ending balance | $ | 654 |  |  | $ | 3,034 |  |  | $ | 1,180 |  |  | $ | 670 |  |  | $ | 894 |  |  | $ | 804 |  |  | $ | 725 |  |  | $ | 901 |  |  | $ | 8,862 |
Ending balance: individually evaluated for impairment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ending balance: collectively evaluated for impairment | 654 |  |  | 3,034 |  |  | 1,180 |  |  | 670 |  |  | 894 |  |  | 804 |  |  | 725 |  |  | 901 |  |  | 8,862 |
Total | $ | 654 |  |  | $ | 3,034 |  |  | $ | 1,180 |  |  | $ | 670 |  |  | $ | 894 |  |  | $ | 804 |  |  | $ | 725 |  |  | $ | 901 |  |  | $ | 8,862 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 95 |  |  | 707 |  |  | — |  |  | 61 |  |  | — |  |  | 1,052 |  |  | — |  |  | — |  |  | 1,915 |
Ending balance: collectively evaluated for impairment | 203,872 |  |  | 653,322 |  |  | 61,303 |  |  | 274,920 |  |  | 56,516 |  |  | 23,644 |  |  | 235,671 |  |  | — |  |  | 1,509,248 |
Total | $ | 203,967 |  |  | $ | 654,029 |  |  | $ | 61,303 |  |  | $ | 274,981 |  |  | $ | 56,516 |  |  | $ | 24,696 |  |  | $ | 235,671 |  |  | $ | — |  |  | $ | 1,511,163 |
| 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | CML Insurance 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 |
Asset Classification of Loans | The asset classification of loans at December 31, 2017 and September 30, 2017 were as follows:
December 31, 2017 | 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | CML Insurance Premium Finance |  | Total
| (Dollars in Thousands)
Pass | $ | 203,035 |  |  | $ | 643,393 |  |  | $ | 28,794 |  |  | $ | 274,783 |  |  | $ | 56,245 |  |  | $ | 14,304 |  |  | $ | 235,671 |  |  | $ | 1,456,225 |
Watch | 608 |  |  | 10,145 |  |  | — |  |  | 102 |  |  | 271 |  |  | 13 |  |  | — |  |  | 11,139 |
Special Mention | 245 |  |  | 199 |  |  | 2,939 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,383 |
Substandard | 79 |  |  | 292 |  |  | 29,570 |  |  | 96 |  |  | — |  |  | 10,379 |  |  | — |  |  | 40,416 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 203,967 |  |  | $ | 654,029 |  |  | $ | 61,303 |  |  | $ | 274,981 |  |  | $ | 56,516 |  |  | $ | 24,696 |  |  | $ | 235,671 |  |  | $ | 1,511,163 |
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 |
Past Due Loans | Past due loans at December 31, 2017 and September 30, 2017 were as follows:
| Accruing and Non-accruing Loans |  | Nonperforming Loans
December 31, 2017 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | > 89 Days Past Due |  | Total Past Due |  | Current |  | Total Loans Receivable |  | > 89 Days Past Due and Accruing |  | Non-accrual balance |  | Total
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 106 |  |  | $ | — |  |  | $ | 234 |  |  | $ | 340 |  |  | $ | 203,627 |  |  | 203,967 |  |  | 234 |  |  | $ | — |  |  | $ | 234 |
Commercial and Multi-Family Real Estate | — |  |  | 284 |  |  | — |  |  | 284 |  |  | 653,745 |  |  | 654,029 |  |  | — |  |  | 284 |  |  | 284 |
Agricultural Real Estate | — |  |  | — |  |  | 27,818 |  |  | 27,818 |  |  | 33,485 |  |  | 61,303 |  |  | 27,818 |  |  | — |  |  | 27,818 |
Consumer | 4,192 |  |  | 2,015 |  |  | 1,624 |  |  | 7,831 |  |  | 267,150 |  |  | 274,981 |  |  | 1,624 |  |  | — |  |  | 1,624 |
Commercial Operating | — |  |  | — |  |  | — |  |  | — |  |  | 56,516 |  |  | 56,516 |  |  | — |  |  | — |  |  | — |
Agricultural Operating | — |  |  | — |  |  | — |  |  | — |  |  | 24,696 |  |  | 24,696 |  |  | — |  |  | — |  |  | — |
CML Insurance Premium Finance | 1,594 |  |  | 592 |  |  | 3,194 |  |  | 5,380 |  |  | 230,291 |  |  | 235,671 |  |  | 3,194 |  |  | — |  |  | 3,194 |
Total | $ | 5,892 |  |  | $ | 2,891 |  |  | $ | 32,870 |  |  | $ | 41,653 |  |  | $ | 1,469,510 |  |  | 1,511,163 |  |  | 32,870 |  |  | $ | 284 |  |  | $ | 33,154 |
| Accruing and Non-accruing Loans |  | Nonperforming Loans
September 30, 2017 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | > 89 Days Past Due |  | Total Past Due |  | Current |  | Total Loans Receivable |  | > 89 Days Past Due and Accruing |  | Non-accrual balance |  | Total
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 370 |  |  | $ | 79 |  |  | $ | — |  |  | $ | 449 |  |  | $ | 196,257 |  |  | $ | 196,706 |  |  | — |  |  | $ | — |  |  | $ | — |
Commercial and Multi-Family Real Estate | 295 |  |  | — |  |  | 390 |  |  | 685 |  |  | 584,825 |  |  | 585,510 |  |  | — |  |  | 685 |  |  | 685 |
Agricultural Real Estate | — |  |  | — |  |  | 34,198 |  |  | 34,198 |  |  | 27,602 |  |  | 61,800 |  |  | 34,198 |  |  | — |  |  | 34,198 |
Consumer | 2,512 |  |  | 558 |  |  | 1,406 |  |  | 4,476 |  |  | 158,528 |  |  | 163,004 |  |  | 1,406 |  |  | — |  |  | 1,406 |
Commercial Operating | — |  |  | — |  |  | — |  |  | — |  |  | 35,759 |  |  | 35,759 |  |  | — |  |  | — |  |  | — |
Agricultural Operating | — |  |  | — |  |  | 97 |  |  | 97 |  |  | 33,497 |  |  | 33,594 |  |  | 97 |  |  | — |  |  | 97 |
CML Insurance Premium Finance | 1,509 |  |  | 2,442 |  |  | 1,205 |  |  | 5,156 |  |  | 245,303 |  |  | 250,459 |  |  | 1,205 |  |  | — |  |  | 1,205 |
Total | $ | 4,686 |  |  | $ | 3,079 |  |  | $ | 37,296 |  |  | $ | 45,061 |  |  | $ | 1,281,771 |  |  | $ | 1,326,832 |  |  | 36,906 |  |  | $ | 685 |  |  | $ | 37,591 |
Impaired Loans | Impaired loans at December 31, 2017 and September 30, 2017 were as follows:
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
December 31, 2017 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 95 |  |  | $ | 95 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 707 |  |  | 707 |  |  | — |
Consumer | 61 |  |  | 61 |  |  | — |
Agricultural Operating | 1,052 |  |  | 1,052 |  |  | — |
Total | $ | 1,915 |  |  | $ | 1,915 |  |  | $ | — |
| 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 |  |  | $ | — |
The following table provides the average recorded investment in impaired loans for the three month periods ended December 31, 2017 and 2016.
| Three Months Ended December 31,
| 2017 |  | 2016
| Average Recorded Investment |  | Average Recorded Investment
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 80 |  |  | $ | 172 |
Commercial and Multi-Family Real Estate | 975 |  |  | 432 |
Consumer | 20 |  |  | — |
Commercial Operating | — |  |  | 168 |
Agricultural Operating | 351 |  |  | — |
Total | $ | 1,426 |  |  | $ | 772 |

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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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