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CREDIT DISCLOSURES (Tables)

9 Months Ended

Jun. 30, 2018

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Loans Receivable

Loans receivable at June 30, 2018 and September 30, 2017 were as follows:

	June 30, 2018				September 30, 2017
	(Dollars in Thousands)
1-4 Family Real Estate	$	214,754			$	196,706
Commercial and Multi-Family Real Estate	716,495				585,510
Agricultural Real Estate	35,475				61,800
Consumer	258,158				163,004
Commercial Operating	46,069				35,759
Agricultural Operating	24,621				33,594
Commercial Insurance Premium Finance	303,603				250,459
Total Loans Receivable	1,599,175				1,326,832
Allowance for Loan Losses	(21,950		)		(7,534		)
Net Deferred Loan Origination Fees	(1,881		)		(1,461		)
Total Loans Receivable, Net	$	1,575,344			$	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 nine months ended June 30, 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 June 30, 2018
Allowance for loan losses:
Beginning balance	$	883			$	3,904			$	146			$	18,074			$	1,716			$	619			$	746			$	990			$	27,078
Provision (recovery) for loan losses	(231		)		711				51				4,476				(26		)		(102		)		304				132				5,315
Charge offs	—				—				—				(9,000		)		(1,507		)		—				(243		)		—				(10,750		)
Recoveries	—				—				—				—				1				207				99				—				307
Ending balance	$	652			$	4,615			$	197			$	13,550			$	184			$	724			$	906			$	1,122			$	21,950
Nine Months Ended June 30, 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	(123		)		1,945				(1,193		)		22,174				1,480				(721		)		569				595				24,726
Charge offs	(31		)		—				—				(9,000		)		(1,507		)		—				(711		)		—				(11,249		)
Recoveries	3				—				—				370				53				261				252				—				939
Ending balance	$	652			$	4,615			$	197			$	13,550			$	184			$	724			$	906			$	1,122			$	21,950
Ending balance: individually evaluated for impairment	25				—				—				—				—				—				—				—				25
Ending balance: collectively evaluated for impairment	627				4,615				197				13,550				184				724				906				1,122				21,925
Total	$	652			$	4,615			$	197			$	13,550			$	184			$	724			$	906			$	1,122			$	21,950
Loans:
Ending balance: individually evaluated for impairment	229				409				—				47				—				2,135				—				—				2,820
Ending balance: collectively evaluated for impairment	214,525				716,086				35,475				258,111				46,069				22,486				303,603				—				1,596,355
Total	$	214,754			$	716,495			$	35,475			$	258,158			$	46,069			$	24,621			$	303,603			$	—			$	1,599,175

	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 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

Asset Classification of Loans

The asset classification of loans at June 30, 2018 and September 30, 2017 were as follows:

June 30, 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	$	214,176			$	705,347			$	27,456			$	258,090			$	46,069			$	15,210			$	302,022			$	1,568,370
Watch	123				10,953				—				68				—				2,487				1,581				15,212
Special Mention	241				195				4,222				—				—				535				—				5,193
Substandard	214				—				3,797				—				—				6,389				—				10,400
Doubtful	—				—				—				—				—				—				—				—
	$	214,754			$	716,495			$	35,475			$	258,158			$	46,069			$	24,621			$	303,603			$	1,599,175

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 June 30, 2018 and September 30, 2017 were as follows:

	Accruing and Non-accruing Loans																							Non-performing Loans
June 30, 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	$	—			$	—			$	214			$	214			$	214,540			214,754			79			$	135			$	214
Commercial and Multi-Family Real Estate	—				—				—				—				716,495				716,495			—			—				—
Agricultural Real Estate	—				—				—				—				35,475				35,475			—			—				—
Consumer	2,657				15,461				1,846				19,964				238,194				258,158			1,846			—				1,846
Commercial Operating	—				—				—				—				46,069				46,069			—			—				—
Agricultural Operating	—				—				—				—				24,621				24,621			—			—				—
CML Insurance Premium Finance	1,111				561				3,669				5,341				298,262				303,603			3,669			—				3,669
Total	$	3,768			$	16,022			$	5,729			$	25,519			$	1,573,656			1,599,175			5,594			$	135			$	5,729

	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 June 30, 2018 and September 30, 2017 were as follows:

	Recorded Balance				Unpaid Principal Balance				Specific Allowance
June 30, 2018	(Dollars in Thousands)
Loans without a specific valuation allowance
1-4 Family Real Estate	$	94			$	94			$	—
Commercial and Multi-Family Real Estate	409				409				—
Consumer	47				47				—
Agricultural Operating	2,135				2,135				—
Total	$	2,685			$	2,685			$	—
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 nine month periods ended June 30, 2018 and 2017.

	Three Months Ended June 30,								Nine Months Ended June 30,
	2018				2017				2018				2017
	Average Recorded Investment				Average Recorded Investment				Average Recorded Investment				Average Recorded Investment
	(Dollars in Thousands)
1-4 Family Real Estate	$	230			$	210			$	150			$	197
Commercial and Multi-Family Real Estate	604				1,196				761				765
Agricultural Real Estate	—				388				—				194
Consumer	112				—				74				—
Commercial Operating	—				201				—				269
Agricultural Operating	2,670				715				1,567				358
Total	$	3,616			$	2,710			$	2,552			$	1,783

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