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CREDIT DISCLOSURES (Tables) | 6 Months Ended
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Mar. 31, 2018
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Receivable | Loans receivable at March 31, 2018 and September 30, 2017 were as follows:
| March 31, 2018 |  | September 30, 2017
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 205,994 |  |  | $ | 196,706 |
Commercial and Multi-Family Real Estate | 685,457 |  |  | 585,510 |
Agricultural Real Estate | 36,460 |  |  | 61,800 |
Consumer | 281,371 |  |  | 163,004 |
Commercial Operating | 47,461 |  |  | 35,759 |
Agricultural Operating | 22,313 |  |  | 33,594 |
Commercial Insurance Premium Finance | 240,640 |  |  | 250,459 |
Total Loans Receivable | 1,519,696 |  |  | 1,326,832 |
Allowance for Loan Losses | (27,078 | ) |  | (7,534 | )
Net Deferred Loan Origination Fees | (2,080 | ) |  | (1,461 | )
Total Loans Receivable, Net | $ | 1,490,538 |  |  | $ | 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 and six months ended March 31, 2018 and 2017 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 March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 654 |  |  | $ | 3,034 |  |  | $ | 1,180 |  |  | $ | 670 |  |  | $ | 894 |  |  | $ | 804 |  |  | $ | 725 |  |  | $ | 901 |  |  | $ | 8,862 |
Provision (recovery) for loan losses | 226 |  |  | 870 |  |  | (1,034 | ) |  | 17,401 |  |  | 816 |  |  | (239 | ) |  | 214 |  |  | 89 |  |  | 18,343 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (339 | ) |  | — |  |  | (339 | )
Recoveries | 3 |  |  | — |  |  | — |  |  | 3 |  |  | 6 |  |  | 54 |  |  | 146 |  |  | — |  |  | 212 |
Ending balance | $ | 883 |  |  | $ | 3,904 |  |  | $ | 146 |  |  | $ | 18,074 |  |  | $ | 1,716 |  |  | $ | 619 |  |  | $ | 746 |  |  | $ | 990 |  |  | $ | 27,078 |
Six Months Ended March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 803 |  |  | $ | 2,670 |  |  | $ | 1,390 |  |  | $ | 6 |  |  | $ | 158 |  |  | $ | 1,184 |  |  | $ | 796 |  |  | $ | 527 |  |  | $ | 7,534 |
Provision (recovery) for loan losses | 108 |  |  | 1,234 |  |  | (1,244 | ) |  | 17,698 |  |  | 1,506 |  |  | (619 | ) |  | 265 |  |  | 463 |  |  | 19,411 |
Charge offs | (31 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (468 | ) |  | — |  |  | (499 | )
Recoveries | 3 |  |  | — |  |  | — |  |  | 370 |  |  | 52 |  |  | 54 |  |  | 153 |  |  | — |  |  | 632 |
Ending balance | $ | 883 |  |  | $ | 3,904 |  |  | $ | 146 |  |  | $ | 18,074 |  |  | $ | 1,716 |  |  | $ | 619 |  |  | $ | 746 |  |  | $ | 990 |  |  | $ | 27,078 |
Ending balance: individually evaluated for impairment | 25 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25 |
Ending balance: collectively evaluated for impairment | 858 |  |  | 3,904 |  |  | 146 |  |  | 18,074 |  |  | 1,716 |  |  | 619 |  |  | 746 |  |  | 990 |  |  | 27,053 |
Total | $ | 883 |  |  | $ | 3,904 |  |  | $ | 146 |  |  | $ | 18,074 |  |  | $ | 1,716 |  |  | $ | 619 |  |  | $ | 746 |  |  | $ | 990 |  |  | $ | 27,078 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 230 |  |  | 702 |  |  | — |  |  | 144 |  |  | — |  |  | 2,937 |  |  | — |  |  | — |  |  | 4,013 |
Ending balance: collectively evaluated for impairment | 205,764 |  |  | 684,755 |  |  | 36,460 |  |  | 281,227 |  |  | 47,461 |  |  | 19,376 |  |  | 240,640 |  |  | — |  |  | 1,515,683 |
Total | $ | 205,994 |  |  | $ | 685,457 |  |  | $ | 36,460 |  |  | $ | 281,371 |  |  | $ | 47,461 |  |  | $ | 22,313 |  |  | $ | 240,640 |  |  | $ | — |  |  | $ | 1,519,696 |
| 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 March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 654 |  |  | $ | 1,912 |  |  | $ | 476 |  |  | $ | 47 |  |  | $ | 813 |  |  | $ | 1,341 |  |  | $ | 594 |  |  | $ | 578 |  |  | $ | 6,415 |
Provision (recovery) for loan losses | (358 | ) |  | (170 | ) |  | 1,048 |  |  | 7,658 |  |  | 304 |  |  | 8 |  |  | 115 |  |  | 43 |  |  | 8,648 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | (350 | ) |  | — |  |  | (140 | ) |  | — |  |  | (490 | )
Recoveries | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 28 |  |  | — |  |  | 29 |
Ending balance | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Six Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 654 |  |  | $ | 2,198 |  |  | $ | 142 |  |  | $ | 51 |  |  | $ | 117 |  |  | $ | 1,332 |  |  | $ | 588 |  |  | $ | 553 |  |  | $ | 5,635 |
Provision (recovery) for loan losses | (358 | ) |  | (456 | ) |  | 1,382 |  |  | 7,631 |  |  | 995 |  |  | 4 |  |  | 226 |  |  | 68 |  |  | 9,492 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | (350 | ) |  | — |  |  | (259 | ) |  | — |  |  | (609 | )
Recoveries | — |  |  | — |  |  | — |  |  | 24 |  |  | 5 |  |  | 13 |  |  | 42 |  |  | — |  |  | 84 |
Ending balance | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Ending balance: individually evaluated for impairment | 12 |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 65 |
Ending balance: collectively evaluated for impairment | 284 |  |  | 1,742 |  |  | 1,524 |  |  | 7,706 |  |  | 714 |  |  | 1,349 |  |  | 597 |  |  | 621 |  |  | 14,537 |
Total | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 248 |  |  | 1,144 |  |  | 582 |  |  | — |  |  | 302 |  |  | 1,072 |  |  | — |  |  | — |  |  | 3,348 |
Ending balance: collectively evaluated for impairment | 178,062 |  |  | 471,914 |  |  | 61,840 |  |  | 182,156 |  |  | 33,592 |  |  | 34,421 |  |  | 187,049 |  |  | — |  |  | 1,149,034 |
Total | $ | 178,310 |  |  | $ | 473,058 |  |  | $ | 62,422 |  |  | $ | 182,156 |  |  | $ | 33,894 |  |  | $ | 35,493 |  |  | $ | 187,049 |  |  | $ | — |  |  | $ | 1,152,382 |
Asset Classification of Loans | The asset classification of loans at March 31, 2018 and September 30, 2017 were as follows:
March 31, 2018 | 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 | $ | 204,610 |  |  | $ | 674,925 |  |  | $ | 30,386 |  |  | $ | 281,175 |  |  | $ | 47,190 |  |  | $ | 14,319 |  |  | $ | 239,054 |  |  | $ | 1,491,659 |
Watch | 927 |  |  | 10,044 |  |  | — |  |  | 100 |  |  | 271 |  |  | 2,389 |  |  | 1,586 |  |  | 15,317 |
Special Mention | 243 |  |  | 197 |  |  | 2,879 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,319 |
Substandard | 214 |  |  | 291 |  |  | 3,195 |  |  | 96 |  |  | — |  |  | 5,605 |  |  | — |  |  | 9,401 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 205,994 |  |  | $ | 685,457 |  |  | $ | 36,460 |  |  | $ | 281,371 |  |  | $ | 47,461 |  |  | $ | 22,313 |  |  | $ | 240,640 |  |  | $ | 1,519,696 |
September 30, 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 | $ | 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 March 31, 2018 and September 30, 2017 were as follows:
| Accruing and Non-accruing Loans |  | Non-performing Loans
March 31, 2018 | 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 | $ | 12 |  |  | $ | — |  |  | $ | 502 |  |  | $ | 514 |  |  | $ | 205,480 |  |  | 205,994 |  |  | 271 |  |  | $ | 231 |  |  | $ | 502 |
Commercial and Multi-Family Real Estate | — |  |  | — |  |  | 281 |  |  | 281 |  |  | 685,176 |  |  | 685,457 |  |  | — |  |  | 281 |  |  | 281 |
Agricultural Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | 36,460 |  |  | 36,460 |  |  | — |  |  | — |  |  | — |
Consumer | 2,184 |  |  | 1,253 |  |  | 2,051 |  |  | 5,488 |  |  | 275,883 |  |  | 281,371 |  |  | 2,051 |  |  | — |  |  | 2,051 |
Commercial Operating | 1,786 |  |  | — |  |  | — |  |  | 1,786 |  |  | 45,675 |  |  | 47,461 |  |  | — |  |  | — |  |  | — |
Agricultural Operating | — |  |  | — |  |  | — |  |  | — |  |  | 22,313 |  |  | 22,313 |  |  | — |  |  | — |  |  | — |
CML Insurance Premium Finance | 1,485 |  |  | 704 |  |  | 3,214 |  |  | 5,403 |  |  | 235,237 |  |  | 240,640 |  |  | 3,214 |  |  | — |  |  | 3,214 |
Total | $ | 5,467 |  |  | $ | 1,957 |  |  | $ | 6,048 |  |  | $ | 13,472 |  |  | $ | 1,506,224 |  |  | 1,519,696 |  |  | 5,536 |  |  | $ | 512 |  |  | $ | 6,048 |
| Accruing and Non-accruing Loans |  | Non-performing 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 March 31, 2018 and September 30, 2017 were as follows:
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
March 31, 2018 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 95 |  |  | $ | 95 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 702 |  |  | 702 |  |  | — |
Consumer | 144 |  |  | 144 |  |  | — |
Agricultural Operating | 2,937 |  |  | 2,937 |  |  | — |
Total | $ | 3,878 |  |  | $ | 3,878 |  |  | $ | — |
Loans with a specific valuation allowance |  |  |  |  |  |  |  |
1-4 Family Real Estate | $ | 135 |  |  | $ | 135 |  |  | $ | 25 |
Total | $ | 135 |  |  | $ | 135 |  |  | $ | 25 |
| 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 and six month periods ended March 31, 2018 and 2017.
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
| Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 140 |  |  | $ | 210 |  |  | $ | 110 |  |  | $ | 191 |
Commercial and Multi-Family Real Estate | 705 |  |  | 668 |  |  | 840 |  |  | 550 |
Agricultural Real Estate | — |  |  | 194 |  |  | — |  |  | 97 |
Consumer | 89 |  |  | — |  |  | 55 |  |  | — |
Commercial Operating | — |  |  | 437 |  |  | — |  |  | 302 |
Agricultural Operating | 1,680 |  |  | 357 |  |  | 1,015 |  |  | 179 |
Total | $ | 2,614 |  |  | $ | 1,866 |  |  | $ | 2,020 |  |  | $ | 1,319 |

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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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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524 + Details
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