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CREDIT DISCLOSURES (Tables)

6 Months Ended

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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