Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | (5) Loans and Allowance for Loan Losses As of December 31, (Dollars in thousands) 2016 2015 One-to-four family residential real estate loans $ 136,846 $ 131,930 Construction and land loans 13,738 15,043 Commercial real estate loans 118,200 118,983 Commercial loans 54,506 61,300 Agriculture loans 78,324 71,030 Municipal loans 3,884 7,635 Consumer loans 20,271 19,895 Total gross loans 425,769 425,816 Net deferred loan costs and loans in process 36 29 Allowance for loan losses (5,344) (5,922) Loans, net $ 420,461 $ 419,923 In the first quarter of 2015, the Company adjusted the historical loss analysis within the evaluation of the allowance for loan losses. The Company previously used a twelve quarter historical loss rate calculated by loan class. The updated historical loss analysis uses a migration analysis to track historical losses by loan class and risk categories over a longer period of time. In the opinion of management, the adjusted historical loss analysis more accurately allocates estimated losses. The adjustments resulted in reclassifications of the allocated allowance among various loan classes compared to December 31, 2014. The adjustments to the historical loss analysis did not have a significant impact on the total allowance for loan losses balance as of December 31, 2014. (Dollars in thousands) Year ended December 31, 2016 One-to-four family residential Commercial real estate Construction real estate Commercial Agriculture Municipal Consumer loans and land loans loans loans loans loans 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 (Dollars in thousands) Year ended December 31, 2015 One-to-four family residential Construction Commercial Commercial Agriculture Municipal Consumer real estate and land real estate loans loans loans 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 Year ended December 31, 2014 One-to-four family residential Construction Commercial real estate and land real estate Commercial Agriculture Municipal Consumer loans loans loans loans loans loans 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 The Company’s impaired loans decreased $ 109,000 6.8 6.7 (Dollars in thousands) As of December 31, 2016 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 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 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 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 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 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 The Company’s key credit quality indicator is a loan’s performance status, defined as accruing or non-accruing. Performing loans are considered to have a lower risk of loss. Non-accrual loans are those which the Company believes have a higher risk of loss. The accrual of interest on non-performing loans is discontinued at the time the loan is ninety days delinquent, unless the credit is well secured and in process of collection. Loans are placed on non-accrual or are charged off at an earlier date if collection of principal or interest is considered doubtful. There were no loans ninety days delinquent and accruing interest at December 31, 2016 or December 31, 2015. (Dollars in thousands) As of December 31, 2016 30-59 days 60-89 days 90 days or Total past delinquent delinquent more Total past due and non- and and delinquent due loans Non-accrual accrual Total loans accruing accruing and accruing accruing loans loans not past due One-to-four family residential real estate loans $ 215 $ 388 $ - $ 603 $ 595 $ 1,198 $ 135,648 Construction and land loans - - - - 599 599 13,139 Commercial real estate loans - - - - 300 300 117,900 Commercial loans 13 5 - 18 342 360 54,146 Agriculture loans 55 - - 55 838 893 77,431 Municipal loans - - - - - - 3,884 Consumer loans 79 3 - 82 72 154 20,117 Total $ 362 $ 396 $ - $ 758 $ 2,746 $ 3,504 $ 422,265 Percent of gross loans 0.09 % 0.09 % 0.00 % 0.18 % 0.64 % 0.82 % 99.18 % As of December 31, 2015 30-59 days 60-89 days 90 days or Total past delinquent delinquent more Total past due and non- and and delinquent due loans Non-accrual accrual Total loans accruing accruing and accruing accruing loans 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 % Under the original terms of the Company’s non-accrual loans, interest earned on such loans for the years 2016, 2015 and 2014, would have increased interest income by $ 75,000 99,000 525,000 The Company also categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis. Non-classified loans generally include those loans that are expected to be repaid in accordance with contractual loan terms. Classified loans are those that are assigned a special mention, substandard or doubtful risk rating using the following definitions: Special Mention: Loans are currently protected by the current net worth and paying capacity of the obligor or of the collateral pledged but potentially weak. These loans constitute an undue and unwarranted credit risk, but not to the point of justifying a classification of substandard. The credit risk may be relatively minor, yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset. Substandard: Loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged. Loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. As of December 31, 2016 As of December 31, 2015 (Dollars in thousands) Nonclassified Classified Nonclassified Classified One-to-four family residential real estate loans $ 135,640 $ 1,206 $ 130,575 $ 1,355 Construction and land loans 13,138 600 14,429 614 Commercial real estate loans 111,641 6,559 111,016 7,967 Commercial loans 51,080 3,426 58,862 2,438 Agriculture loans 73,564 4,760 68,186 2,844 Municipal loans 3,884 - 7,635 - Consumer loans 20,181 90 19,839 56 Total $ 409,128 $ 16,641 $ 410,542 $ 15,274 At December 31, 2016, the Company had eleven loan relationships consisting of seventeen outstanding loans totaling $ 4.9 5.3 During 2016, the Company classified a $ 268,000 215,000 8,000 188,000 During 2015, the Company classified a $ 2.0 4.4 50,000 1.6 78,000 During 2014, the Company classified a $ 128,000 146,000 59,000 78,000 The Company evaluates each TDR individually and returns the loan to accrual status when a payment history is established after the restructuring and future payments are reasonably assured. There were no loans modified as TDRs for which there was a payment default within 12 months of modification as of December 31, 2016, 2015 and 2014. At December 31, 2016, there was a commitment of $ 84,000 215,000 16,000 80 (Dollars in thousands) As of December 31, 2016 As of December 31, 2015 Number of Accruing Number of Non-accrual Accruing loans Non-accrual balance balance loans balance balance One-to-four family residential real estate loans 2 $ - $ 185 2 $ 55 $ 3 Construction and land loans 4 588 1,338 4 600 1,606 Commercial real estate loans 3 64 2,145 3 - 2,382 Commerical loans 2 - 13 1 - 37 Agriculture 4 268 44 2 - 50 Municipal loans 2 - 258 2 - 591 Total troubled debt restructurings 17 $ 920 $ 3,983 14 $ 655 $ 4,669 (Dollars in thousands) Balance at December 31, 2015 $ 11,500 New loans 7,925 Repayments (3,667) Balance at December 31, 2016 $ 15,758 |