Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans consist of the following:

	As of December 31,
(Dollars in thousands)	2015		2014

One-to-four family residential real estate loans	$	131,930	$	127,555
Construction and land loans		15,043		21,950
Commercial real estate loans		118,983		118,411
Commercial loans		61,300		59,971
Agriculture loans		71,030		64,316
Municipal loans		7,635		8,982
Consumer loans		19,895		20,044
Total gross loans		425,816		421,229
Net deferred loan costs and loans in process		29		281
Allowance for loan losses		(5,922)		(5,320)
Loans, net	$	419,923	$	416,190

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables provide information on the Company’s allowance for loan losses by loan class and allowance methodology:

(Dollars in thousands)
	Year ended December 31, 2015
	One-to-four family residential real estate loans		Construction and land loans		Commercial real estate loans		Commercial loans		Agriculture loans		Municipal loans		Consumer loans		Total

Allowance for loan losses:
Balance at January 1, 2015	$	755	$	762	$	1,832	$	836	$	915	$	51	$	169	$	5,320
Charge-offs		(57)		-		(13)		(78)		-		(88)		(318)		(554)
Recoveries		10		1,722		2		15		73		-		34		1,856
Provision for loan losses		217		(2,407)		(81)		757		440		60		314		(700)
Balance at December 31, 2015		925		77		1,740		1,530		1,428		23		199		5,922

Allowance for loan losses:
Individually evaluated for loss		78		-		-		-		-		-		10		88
Collectively evaluated for loss		847		77		1,740		1,530		1,428		23		189		5,834
Total		925		77		1,740		1,530		1,428		23		199		5,922

Loan balances:
Individually evaluated for loss		752		2,220		2,429		620		189		591		36		6,837
Collectively evaluated for loss		131,178		12,823		116,554		60,680		70,841		7,044		19,859		418,979
Total	$	131,930	$	15,043	$	118,983	$	61,300	$	71,030	$	7,635	$	19,895	$	425,816

(Dollars in thousands)
	Year ended December 31, 2014
	One-to-four family residential real estate		Construction and land		Commercial real estate		Commercial loans		Agriculture loans		Municipal loans		Consumer loans		Total

Allowance for loan losses:
Balance at January 1, 2014	$	732	$	1,343	$	1,970	$	769	$	545	$	47	$	134	$	5,540
Charge-offs		(29)		-		-		(783)		-		-		(237)		(1,049)
Recoveries		12		166		4		2		-		-		45		229
Provision for loan losses		40		(747)		(142)		848		370		4		227		600
Balance at December 31, 2014		755		762		1,832		836		915		51		169		5,320

Allowance for loan losses:
Individually evaluated for loss		287		-		17		28		5		-		12		349
Collectively evaluated for loss		468		762		1,815		808		910		51		157		4,971
Total		755		762		1,832		836		915		51		169		5,320

Loan balances:
Individually evaluated for loss		1,589		4,805		2,880		371		285		706		67		10,703
Collectively evaluated for loss		125,966		17,145		115,531		59,600		64,031		8,276		19,977		410,526
Total	$	127,555	$	21,950	$	118,411	$	59,971	$	64,316	$	8,982	$	20,044	$	421,229

	Year ended December 31, 2013
	One-to-four family residential real estate loans		Construction and land loans		Commercial real estate loans		Commercial loans		Agriculture loans		Municipal loans		Consumer loans		Total

Allowance for loan losses:
Balance at January 1, 2013	$	714	$	1,214	$	1,313	$	707	$	367	$	107	$	159	$	4,581
Charge-offs		(93)		(53)		(11)		(200)		-		(65)		(194)		(616)
Recoveries		202		523		-		20		-		-		30		775
Provision for loan losses		(91)		(341)		668		242		178		5		139		800
Balance at December 31, 2013		732		1,343		1,970		769		545		47		134		5,540

Allowance for loan losses:
Individually evaluated for loss		82		234		140		488		-		-		7		951
Collectively evaluated for loss		650		1,109		1,830		281		545		47		127		4,589
Total		732		1,343		1,970		769		545		47		134		5,540

Loan balances:
Individually evaluated for loss		782		8,160		2,936		4,148		-		706		24		16,756
Collectively evaluated for loss		124,305		15,616		116,454		57,235		62,287		8,140		18,576		402,613
Total	$	125,087	$	23,776	$	119,390	$	61,383	$	62,287	$	8,846	$	18,600	$	419,369

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans:

(Dollars in thousands)
	As of December 31, 2015
	Unpaid contractual principal		Impaired loan balance		Impaired loans without an allowance		Impaired loans with an allowance		Related allowance recorded		Year-to- date average loan balance		Year-to- date interest income recognized

One-to-four family residential real estate loans	$	752	$	752	$	408	$	344	$	78	$	1,041	$	-
Construction and land loans		3,955		2,220		2,220		-		-		2,389		88
Commercial real estate loans		2,429		2,429		2,429		-		-		2,484		175
Commercial loans		637		620		620		-		-		634		3
Agriculture loans		189		189		189		-		-		188		3
Municipal loans		591		591		591		-		-		631		19
Consumer loans		36		36		10		26		10		41		-
Total impaired loans	$	8,589	$	6,837	$	6,467	$	370	$	88	$	7,408	$	288

	As of December 31, 2014
	Unpaid contractual principal		Impaired loan balance		Impaired loans without an allowance		Impaired loans with an allowance		Related allowance recorded		Year-to- date average loan balance		Year-to- date interest income recognized

One-to-four family residential real estate loans	$	1,589	$	1,589	$	167	$	1,422	$	287	$	1,611	$	-
Construction and land loans		6,540		4,805		4,805		-		-		6,366		235
Commercial real estate loans		2,880		2,880		2,833		47		17		3,009		24
Commercial loans		371		371		137		234		28		393		10
Agriculture loans		285		285		146		139		5		294		-
Municipal loans		772		706		706		-		-		772		19
Consumer loans		67		67		25		42		12		75		-
Total impaired loans	$	12,504	$	10,703	$	8,819	$	1,884	$	349	$	12,520	$	288

	As of December 31, 2013
	Unpaid contractual principal		Impaired loan balance		Impaired loans without an allowance		Impaired loans with an allowance		Related allowance recorded		Year-to- date average loan balance		Year-to- date interest income recognized

One-to-four family residential real estate loans	$	782	$	782	$	326	$	456	$	82	$	800	$	-
Construction and land loans		9,895		8,160		6,098		2,062		234		8,383		279
Commercial real estate loans		2,936		2,936		278		2,658		140		3,046		18
Commercial loans		4,148		4,148		154		3,994		488		192		-
Agriculture loans
Municipal loans		772		706		706		-		-		772		20
Consumer loans		24		24		6		18		7		26		-
Total impaired loans	$	18,557	$	16,756	$	7,568	$	9,188	$	951	$	13,219	$	317

Past Due Financing Receivables [Table Text Block]

The following tables present information on the Company’s past due and non-accrual loans by loan class:

(Dollars in thousands)
	As of December 31, 2015
	30-59 days delinquent and accruing			60-89 days delinquent and accruing			90 days or more delinquent and accruing			Total past due loans accruing			Non-accrual loans			Total past due and non- accrual loans			Total loans not past due

One-to-four family residential real estate loans	$	70		$	712		$	-		$	782		$	749		$	1,531		$	130,399
Construction and land loans		4			-			-			4			614			618			14,425
Commercial real estate loans		240			-			-			240			47			287			118,696
Commercial loans		90			40			-			130			583			713			60,587
Agriculture loans		174			5			-			179			139			318			70,712
Municipal loans		-			-			-			-			-			-			7,635
Consumer loans		65			2			-			67			36			103			19,792
Total	$	643		$	759		$	-		$	1,402		$	2,168		$	3,570		$	422,246

Percent of gross loans		0.15	%		0.18	%		0.00	%		0.33	%		0.51	%		0.84	%		99.16	%

	As of December 31, 2014
	30-59 days delinquent and accruing			60-89 days delinquent and accruing			90 days or more delinquent and accruing			Total past due loans accruing			Non- accrual loans			Total past due and non- accrual loans			Total loans not past due

One-to-four family residential real estate loans	$	127		$	50		$	-		$	177		$	1,585		$	1,762		$	125,793
Construction and land loans		163			-			-			163			1,322			1,485			20,465
Commercial real estate loans		-			-			-			-			2,488			2,488			115,923
Commercial loans		34			-			-			34			234			268			59,703
Agriculture loans		510			1			-			511			285			796			63,520
Municipal loans		-			-			-			-			65			65			8,917
Consumer loans		128			65			-			193			67			260			19,784
Total	$	962		$	116		$	-		$	1,078		$	6,046		$	7,124		$	414,105

Percent of gross loans		0.23	%		0.03	%		0.00	%		0.26	%		1.44	%		1.69	%		98.31	%

Risk Categories By Loan Class [Table Text Block]

The following table provides information on the Company’s risk categories by loan class:

	As of December 31, 2015				As of December 31, 2014
(Dollars in thousands)	Nonclassified		Classified		Nonclassified		Classified

One-to-four family residential real estate loans	$	130,575	$	1,355	$	123,823	$	3,732
Construction and land loans		14,429		614		18,815		3,135
Commercial real estate loans		111,016		7,967		111,428		6,983
Commercial loans		58,862		2,438		57,122		2,849
Agriculture loans		68,186		2,844		63,101		1,215
Municipal loans		7,635		-		8,894		88
Consumer loans		19,839		56		19,977		67
Total	$	410,542	$	15,274	$	403,160	$	18,069

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents information on loans that were classified as TDRs:

(Dollars in thousands)
	As of December 31, 2015						As of December 31, 2014
	Number of		Non-accrual		Accruing		Number of		Non-accrual		Accruing
	loans		balance		balance		loans		balance		balance

One-to-four family residential real estate loans		2	$	55	$	3		1	$	-	$	4
Construction and land loans		4		600		1,606		7		613		3,483
Commercial real estate loans		3		-		2,382		2		-		392
Commerical loans		1		-		37		2		-		137
Agriculture		2		-		50		1		146		-
Municipal loans		2		-		591		2		-		641
Total troubled debt restructurings		14	$	655	$	4,669		15	$	759	$	4,657

Schedule Of Loan To Directors Officers And Affiliated Parties [Table Text Block]

The Company had loans and unfunded commitments to directors and officers, and to affiliated parties, at December 31, 2015 and 2014. A summary of such loans and unfunded commitments is as follows:

(Dollars in thousands)

Balance at December 31, 2014	$	10,310
New loans		1,580
Repayments		(390)
Balance at December 31, 2015	$	11,500