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CREDIT DISCLOSURES (Tables)

3 Months Ended

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 (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
-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
-Paragraph 19
-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.

+ References

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-Publisher FASB
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