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Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Schedule of Loans

Loans consisted of the following:

		As of December 31,
(Dollars in thousands)		2018				2017
One-to-four family residential real estate loans		$	136,895			$	136,215
Construction and land loans			20,083				19,356
Commercial real estate loans			138,967				120,624
Commercial loans			74,289				54,591
Agriculture loans			96,632				83,008
Municipal loans			2,953				3,396
Consumer loans			25,428				22,046
Total gross loans			495,247				439,236
Net deferred loan costs and loans in process			(109	)			(34	)
Allowance for loan losses			(5,765	)			(5,459	)
Loans, net		$	489,373			$	433,743

Schedule of Allowance for Credit Losses On Financing Receivables

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

		Year ended December 31, 2018
(Dollars in thousands)		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, 2018		$	542			$	181			$	1,540			$	1,226			$	1,812			$	8			$	150			$	5,459
Charge-offs			(32	)			-				-				(950	)			-				-				(178	)			(1,160	)
Recoveries			4				-				1				22				1				2				36				66
Provision for loan losses			(65	)			(13	)			145				753				425				(3	)			158				1,400
Balance at December 31, 2018		$	449			$	168			$	1,686			$	1,051			$	2,238			$	7			$	166			$	5,765
Allowance for loan losses:
Individually evaluated for loss		$	100			$	103			$	67			$	27			$	13			$	-			$	-			$	310
Collectively evaluated for loss			349				65				1,619				1,024				2,225				7				166				5,455
Total		$	449			$	168			$	1,686			$	1,051			$	2,238			$	7			$	166			$	5,765
Loan balances:
Individually evaluated for loss		$	623			$	1,808			$	3,912			$	1,528			$	717			$	58			$	45			$	8,691
Collectively evaluated for loss			136,272				18,275				135,055				72,761				95,915				2,895				25,383				486,556
Total		$	136,895			$	20,083			$	138,967			$	74,289			$	96,632			$	2,953			$	25,428			$	495,247

		Year ended December 31, 2017
(Dollars in thousands)		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, 2017		$	504			$	53			$	1,777			$	1,119			$	1,684			$	12			$	195			$	5,344
Charge-offs			(37	)			-				(71	)			-				(45	)			-				(335	)			(488	)
Recoveries			11				-				-				20				1				37				84				153
Provision for loan losses			64				128				(166	)			87				172				(41	)			206				450
Balance at December 31, 2017		$	542			$	181			$	1,540			$	1,226			$	1,812			$	8			$	150			$	5,459
Allowance for loan losses:
Individually evaluated for loss		$	73			$	102			$	52			$	391			$	24			$	-			$	-			$	642
Collectively evaluated for loss			469				79				1,488				835				1,788				8				150				4,817
Total		$	542			$	181			$	1,540			$	1,226			$	1,812			$	8			$	150				5,459
Loan balances:
Individually evaluated for loss		$	747			$	2,031			$	3,973			$	2,002			$	833			$	140			$	34			$	9,760
Collectively evaluated for loss			135,468				17,325				116,651				52,589				82,175				3,256				22,012				429,476
Total		$	136,215			$	19,356			$	120,624			$	54,591			$	83,008			$	3,396			$	22,046			$	439,236

		Year ended December 31, 2016
		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, 2016		$	925			$	77			$	1,740			$	1,530			$	1,428			$	23			$	199			$	5,922
Charge-offs			(14	)			-				-				(306	)			(375	)			-				(471	)			(1,166	)
Recoveries			9				-				-				34				-				6				39				88
Provision for loan losses			(416	)			(24	)			37				(139	)			631				(17	)			428				500
Balance at December 31, 2016		$	504			$	53			$	1,777			$	1,119			$	1,684			$	12			$	195			$	5,344
Allowance for loan losses:
Individually evaluated for loss		$	-			$	-			$	81			$	87			$	89			$	-			$	17			$	274
Collectively evaluated for loss			504				53				1,696				1,032				1,595				12				178				5,070
Total		$	504			$	53			$	1,777			$	1,119			$	1,684			$	12			$	195			$	5,344
Loan balances:
Individually evaluated for loss		$	780			$	1,937			$	2,445			$	355			$	881			$	258			$	72			$	6,728
Collectively evaluated for loss			136,066				11,801				115,755				54,151				77,443				3,626				20,199				419,041
Total		$	136,846			$	13,738			$	118,200			$	54,506			$	78,324			$	3,884			$	20,271			$	425,769

Schedule of Impaired Financing Receivables

The following tables present information on impaired loans:

		As of December 31, 2018
(Dollars in thousands)		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		$	623			$	623			$	413			$	210			$	100			$	640			$	10
Construction and land loans			3,543				1,808				1,383				425				103				2,689				53
Commercial real estate loans			3,912				3,912				2,120				1,792				67				3,928				487
Commercial loans			1,528				1,528				1,446				82				27				1,537				-
Agriculture loans			932				717				529				188				13				844				52
Municipal loans			58				58				58				-				-				58				1
Consumer loans			45				45				45				-				-				49				-
Total impaired loans		$	10,641			$	8,691			$	5,994			$	2,697			$	310			$	9,745			$	603

		As of December 31, 2017
		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		$	747			$	747			$	503			$	244			$	73			$	774			$	8
Construction and land loans			3,766				2,031				430				1,601				102				2,033				65
Commercial real estate loans			3,973				3,973				3,888				85				52				3,989				490
Commercial loans			2,002				2,002				11				1,991				391				2,082				-
Agriculture loans			1,048				833				545				288				24				912				1
Municipal loans			140				140				140				-				-				192				5
Consumer loans			34				34				34				-				-				35				-
Total impaired loans		$	11,710			$	9,760			$	5,551			$	4,209			$	642			$	10,017			$	569

		As of December 31, 2016
		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		$	780			$	780			$	780			$	-			$	-			$	798			$	7
Construction and land loans			3,672				1,937				1,937				-				-				2,068				72
Commercial real estate loans			2,445				2,445				2,145				300				81				2,587				505
Commercial loans			355				355				46				309				87				425				2
Agriculture loans			1,173				881				147				734				89				1,000				2
Municipal loans			258				258				258				-				-				418				-
Consumer loans			72				72				55				17				17				78				13
Total impaired loans		$	8,755			$	6,728			$	5,368			$	1,360			$	274			$	7,374			$	601

Schedule of Past Due Financing Receivables

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

		As of December 31, 2018
(Dollars in thousands)		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		$	131			$	206			$	-			$	337			$	442			$	779			$	136,116
Construction and land loans			-				134				-				134				948				1,082				19,001
Commercial real estate loans			465				-				-				465				1,791				2,256				136,711
Commercial loans			398				20				-				418				1,528				1,946				72,343
Agriculture loans			100				88				-				188				482				670				95,962
Municipal loans			-				-				-				-				-				-				2,953
Consumer loans			106				23				-				129				45				174				25,254
Total		$	1,200			$	471			$	-			$	1,671			$	5,236			$	6,907			$	488,340
Percent of gross loans			0.24	%			0.10	%			0.00	%			0.34	%			1.06	%			1.40	%			98.60	%

		As of December 31, 2017
		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		$	101			$	313			$	-			$	414			$	552			$	966			$	135,249
Construction and land loans			-				4				-				4				779				783				18,573
Commercial real estate loans			22				209				-				231				1,841				2,072				118,552
Commercial loans			-				397				-				397				2,002				2,399				52,192
Agriculture loans			-				-				-				-				833				833				82,175
Municipal loans			-				-				-				-				-				-				3,396
Consumer loans			105				204				-				309				34				343				21,703
Total		$	228			$	1,127			$	-			$	1,355			$	6,041			$	7,396			$	431,840
Percent of gross loans			0.05	%			0.26	%			0.00	%			0.31	%			1.37	%			1.68	%			98.32	%

Schedule of Risk Categories by Loan Class

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

		As of December 31, 2018								As of December 31, 2017
(Dollars in thousands)		Nonclassified				Classified				Nonclassified				Classified
One-to-four family residential real estate loans		$	135,947			$	948			$	135,475			$	740
Construction and land loans			19,135				948				18,577				779
Commercial real estate loans			126,619				12,348				114,736				5,888
Commercial loans			66,490				7,799				52,313				2,278
Agriculture loans			86,917				9,715				76,455				6,553
Municipal loans			2,953				-				3,396				-
Consumer loans			25,383				45				22,006				40
Total		$	463,444			$	31,803			$	422,958			$	16,278

Schedule of Troubled Debt Restructurings On Financing Receivables

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

		As of December 31, 2018												As of December 31, 2017
(Dollars in thousands)		Number of loans				Non-accrual balance				Accruing balance				Number of loans				Non-accrual balance				Accruing balance
One-to-four family residential real estate loans			2			$	-			$	181				2			$	-			$	195
Construction and land loans			4				523				860				4				575				1,252
Commercial real estate loans			2				-				2,121				3				45				2,132
Commerical loans			1				36				-				-				-				-
Agriculture			4				23				235				9				471				-
Municipal loans			1				-				58				2				-				140
Total troubled debt restructurings			14			$	582			$	3,455				20			$	1,091			$	3,719

Schedule of Loan to Directors Officers and Affiliated Parties

A summary of such loans is as follows:

(Dollars in thousands)
Balance at December 31, 2017		$	14,681
New loans			11,909
Repayments			(12,929	)
Balance at December 31, 2018		$	13,661

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