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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

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

Loans consisted of the following as of the dates indicated below:

		September 30,			December 31,
(Dollars in thousands)		2016			2015
One-to-four family residential real estate		$	133,714		$	131,930
Construction and land			16,084			15,043
Commercial real estate			116,395			118,983
Commercial loans			61,580			61,300
Agriculture loans			80,632			71,030
Municipal loans			7,132			7,635
Consumer loans			20,038			19,895
Total gross loans			435,575			425,816
Net deferred loan (fees) costs and loans in process			(14)			29
Allowance for loan losses			(5,507)			(5,922)
Loans, net		$	430,054		$	419,923

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

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

		Three and nine months ended September 30, 2016
		One-to-four
		family
		residential			Construction			Commercial			Commercial			Agriculture			Municipal			Consumer
(Dollars in thousands)		real estate			and land			real estate			loans			loans			loans			loans			Total
Allowance for loan losses:
Balance at July 1, 2016		$	584		$	89		$	1,776		$	1,393		$	1,600		$	23		$	187		$	5,652
Charge-offs			(14)			-			-			-			(215)			-			(89)			(318)
Recoveries			3			-			-			9			-			-			11			23
Provision for loan losses			36			(7)			(40)			(28)			88			-			101			150
Balance at September 30, 2016			609			82			1,736			1,374			1,473			23			210			5,507
Balance at January 1, 2016		$	925		$	77		$	1,740		$	1,530		$	1,428		$	23		$	199		$	5,922
Charge-offs			(14)			-			-			(306)			(298)			-			(374)			(992)
Recoveries			8			-			-			29			-			6			34			77
Provision for loan losses			(310)			5			(4)			121			343			(6)			351			500
Balance at September 30, 2016			609			82			1,736			1,374			1,473			23			210			5,507

		Three and nine months ended September 30, 2015
		One-to-four
		family
		residential			Construction			Commercial			Commercial			Agriculture			Municipal			Consumer
(Dollars in thousands)		real estate			and land			real estate			loans			loans			loans			loans			Total
Allowance for loan losses:
Balance at July 1, 2015		$	1,325		$	99		$	1,539		$	1,756		$	1,102		$	21		$	176		$	6,018
Charge-offs			(48)			-			-			(68)			-			-			(88)			(204)
Recoveries			3			2			-			10			-			-			7			22
Provision for loan losses			(172)			(3)			129			(113)			144			1			114			100
Balance at September 30, 2015			1,108			98			1,668			1,585			1,246			22			209			5,936
Balance at January 1, 2015		$	755		$	762		$	1,832		$	836		$	915		$	51		$	169		$	5,320
Charge-offs			(57)			-			-			(78)			-			(88)			(230)			(453)
Recoveries			8			1,721			2			13			-			-			25			1,769
Provision for loan losses			402			(2,385)			(166)			814			331			59			245			(700)
Balance at September 30, 2015			1,108			98			1,668			1,585			1,246			22			209			5,936

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

		As of September 30, 2016
		One-to-four
		family
		residential			Construction			Commercial			Commercial			Agriculture			Municipal			Consumer
(Dollars in thousands)		real estate			and land			real estate			loans			loans			loans			loans			Total
Allowance for loan losses:
Individually evaluated for loss			-			-			-			13			2			-			22			37
Collectively evaluated for loss			609			82			1,736			1,361			1,471			23			188			5,470
Total			609			82			1,736			1,374			1,473			23			210			5,507
Loan balances:
Individually evaluated for loss			309			2,006			2,517			114			675			345			110			6,076
Collectively evaluated for loss			133,405			14,078			113,878			61,466			79,957			6,787			19,928			429,499
Total		$	133,714		$	16,084		$	116,395		$	61,580		$	80,632		$	7,132		$	20,038		$	435,575

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

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans:

(Dollars in thousands)		As of September 30, 2016
								Impaired			Impaired									Year-to-
		Unpaid			Impaired			loans			loans with			Related			Year-to-			date interest
		contractual			loan			without an			an			allowance			date average			income
		principal			balance			allowance			allowance			recorded			loan balance			recognized
One-to-four family residential real estate		$	309		$	309		$	309		$	-		$	-		$	323		$	6
Construction and land			3,741			2,006			2,006			-			-			2,101			56
Commercial real estate			2,517			2,517			2,517			-			-			2,618			383
Commercial loans			114			114			62			52			13			138			2
Agriculture loans			891			676			224			452			2			686			4
Municipal loans			345			345			345			-			-			456			10
Consumer loans			110			110			62			48			22			116			-
Total impaired loans		$	8,027		$	6,077		$	5,525		$	552		$	37		$	6,438		$	461

(Dollars in thousands)		As of December 31, 2015
								Impaired			Impaired									Year-to
		Unpaid						loans			loans with			Related			Year-to			-date interest
		contractual			Impaired			without an			an			allowance			-date average			income
		principal			loan balance			allowance			allowance			recorded			loan balance			recognized
One-to-four family residential real estate		$	752		$	752		$	408		$	344		$	78		$	1,041		$	-
Construction and land			3,955			2,220			2,220			-			-			2,389			88
Commercial real estate			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

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 September 30, 2016
		30-59 days				60-89 days				90 days or
		delinquent				delinquent				more				Total past								Total past
		and				and				delinquent				due loans				Non-accrual				due and non-				Total loans
		accruing				accruing				and accruing				accruing				loans				accrual loans				not past due
One-to-four family residential real estate		$	263			$	120			$	-			$	383			$	122			$	505			$	133,209
Construction and land			4				-				-				4				602				606				15,478
Commercial real estate			332				90				-				422				237				659				115,736
Commercial loans			256				-				-				256				90				346				61,234
Agriculture loans			83				-				-				83				631				714				79,918
Municipal loans			-				-				-				-				-				-				7,132
Consumer loans			88				10				-				98				110				208				19,830
Total		$	1,026			$	220			$	-			$	1,246			$	1,792			$	3,038			$	432,537
Percent of gross loans			0.24	%			0.05	%			0.00	%			0.29	%			0.41	%			0.70	%			99.30	%

(Dollars in thousands)		As of December 31, 2015
		30-59 days				60-89 days				90 days or
		delinquent				delinquent				more				Total past								Total past
		and				and				delinquent				due loans				Non-accrual				due and non-				Total loans
		accruing				accruing				and accruing				accruing				loans				accrual loans				not past due
One-to-four family residential real estate		$	70			$	712			$	-			$	782			$	749			$	1,531			$	130,399
Construction and land			4				-				-				4				614				618				14,425
Commercial real estate			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	%

Risk Categories By Loan Class [Table Text Block]

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

		As of September 30, 2016						As of December 31, 2015
(Dollars in thousands)		Nonclassified			Classified			Nonclassified			Classified
One-to-four family residential real estate		$	133,069		$	645		$	130,575		$	1,355
Construction and land			15,267			817			14,429			614
Commercial real estate			107,317			9,078			111,016			7,967
Commercial loans			58,379			3,201			58,862			2,438
Agriculture loans			74,039			6,593			68,186			2,844
Municipal loans			7,132			-			7,635			-
Consumer loans			19,913			125			19,839			56
Total			415,116			20,459			410,542			15,274

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

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

		As of September 30, 2016									As of December 31, 2015
		Number of			Non-accrual			Accruing			Number of			Non-accrual			Accruing
		loans			balance			balance			loans			balance			balance
One-to-four family residential real estate			2		$	-		$	187			2		$	55		$	3
Construction and land			4			590			1,404			4			600			1,606
Commercial real estate			3			-			2,280			3			-			2,382
Commercial loans			2			-			24			1			-			37
Agriculture			4			302			45			2			-			50
Municipal loans			2			-			345			2			-			591
Total troubled debt restructurings			17		$	892		$	4,285			14		$	655		$	4,669

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