Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 6: Loans Receivable and Allowance for Loan Losses Loans receivable , excluding loans held for sale, consist of the following at September 30, 2017 March 31, 2017: September 30, 2017 March 31, 2017 Legacy (1) Acquired Total Loans % of Total Legacy (1) Acquired Total Loans % of Total Real estate loans: One-to four-family: Residential (2) $ 68,548,030 $ 77,663,426 $ 146,211,456 40 % $ 67,126,677 $ 83,892,389 $ 151,019,066 44 % Residential construction 6,258,446 - 6,258,446 2 % 6,426,076 - 6,426,076 2 % Investor (3) 9,627,329 18,423,892 28,051,221 8 % 6,742,469 18,779,644 25,522,113 8 % Commercial 94,957,970 12,114,557 107,072,527 29 % 92,665,689 14,898,523 107,564,212 32 % Commercial construction 2,081,647 1,058,534 3,140,181 1 % 1,881,541 1,308,652 3,190,193 1 % Total real estate loans 181,473,422 109,260,409 290,733,831 79 % 174,842,452 118,879,208 293,721,660 87 % Commercial business (4) 34,042,543 1,668,783 35,711,326 10 % 19,518,029 2,019,337 21,537,366 6 % Home equity loans 13,664,414 6,459,424 20,123,838 5 % 13,278,229 7,266,141 20,544,370 6 % Consumer (5) 20,178,064 902,240 21,080,304 6 % 2,258,836 937,600 3,196,436 1 % Total Loans 249,358,443 118,290,856 367,649,299 100 % 209,897,546 129,102,286 338,999,832 100 % Net deferred loan origination fees and costs (167,534 ) - (167,534 ) (143,070 ) - (143,070 ) Loan premium (discount) 1,280,427 (531,975 ) 748,452 619,846 (543,410 ) 76,436 $ 250,471,336 $ 117,758,881 $ 368,230,217 $ 210,374,322 $ 128,558,876 $ 338,933,198 ( 1 As a result of the acquisition of Fraternity Community Bancorp, Inc., the parent company of Fraternity Federal Savings and Loan, in May 2016 September 2015, two ( 2 "Legacy" one four March 31, 2017 $23.4 March 2017. ( 3 "Investor" loans are residential mortgage loans secured by non-owner occupied one four ( 4 "Legacy" commercial business loans as of September 30, 2017 $15.4 June 2017. ( 5 "Legacy" consumer loans as of September 30, 2017 $18.4 August 2017. Residential lending is generally considered to involve less risk than other forms of lending, although payment experience on these loans is dependent on economic and market conditions in the Bank's lending area. Construction loan repayments are generally dependent on the related properties or the financial condition of its borrower or guarantor. Accordingly, repayment of such loans can be more susceptible to adverse conditions in the real estate market and the regional economy. A substantial portion of the Bank's loan portfolio is real estate loans secured by residential and commercial real estate properties located in the Baltimore metropolitan area. Loans are extended only after evaluation of a customer's creditworthiness and other relevant factors on a case-by-case basis. The Bank generally does not 75% 95% 80%. Commercial business loans are made to provide funds for equipment and general corporate needs. Repayment of a loan primarily uses the funds obtained from the operation of the borrower’s business. Commercial loans also include lines of credit that are utilized to finance a borrower’s short-term credit needs and/or to finance a percentage of eligible receivables and inventory. The Company’s loan portfolio also includes equipment leases, which consists of leases for essential commercial equipment used by small to medium sized businesses. The home equity loans consist of both conforming loans and revolving lines of credit to consumers which are secured by residential real estate. These loans are typically secured with second may The following table details activity in the allowance for loan losses by portfolio segment for the three six September 30, 2017 2016. not ve of future losses in any particular portfolio segment and does not Three Months Ended September 30, 2017 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Allowance for credit losses: Beginning balance $ 544,557 $ 64,471 $ 1,312,158 $ 26,987 $ 343,094 $ 64,661 $ 1,600 $ 2,357,528 Charge-offs (8,907 ) (11,044 ) - - - - (486 ) (20,437 ) Recoveries - 12,822 - - 206 - 872 13,900 Provision for credit losses (7,362 ) (13,994 ) 48,275 (14,913 ) (16,170 ) (2,091 ) 126,255 120,000 Ending balance $ 528,288 $ 52,255 $ 1,360,433 $ 12,074 $ 327,130 $ 62,570 $ 128,241 $ 2,470,991 Six Months Ended September 30, 2017 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Allowance for credit losses: Beginning balance $ 553,539 $ 35,275 $ 1,375,894 $ 9,031 $ 149,461 $ 70,071 $ 1,544 $ 2,194,815 Charge-offs (8,907 ) (15,122 ) - - - - (486 ) (24,515 ) Recoveries - 18,129 - - 381 - 2,181 20,691 Provision for credit losses (16,344 ) 13,973 (15,461 ) 3,043 177,288 (7,501 ) 125,002 280,000 Ending balance $ 528,288 $ 52,255 $ 1,360,433 $ 12,074 $ 327,130 $ 62,570 $ 128,241 $ 2,470,991 Allowance allocated to: Legacy Loans: Individually evaluated for impairment $ 270,329 $ - $ - $ - $ - $ - $ - $ 270,329 Collectively evaluated for impairment 257,959 52,255 1,360,433 12,074 327,130 62,570 128,241 2,200,662 Acquired Loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment - - - - - - - - Three Months Ended September 30, 2016 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Allowance for credit losses: Beginning balance $ 483,892 $ 204,216 $ 910,760 $ 27,833 $ 187,435 $ 81,058 $ 1,778 $ 1,896,972 Charge-offs - (15,622 ) - - - - - (15,622 ) Recoveries - 3,172 - - 6,712 - 1,128 11,012 Provision for credit losses (21,977 ) (79,027 ) 180,121 (14,741 ) (20,256 ) 7,211 (1,325 ) 50,006 Ending balance $ 461,915 $ 112,739 $ 1,090,881 $ 13,092 $ 173,891 $ 88,269 $ 1,581 $ 1,942,368 Six Months Ended September 30, 2016 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Allowance for credit losses: Beginning balance $ 259,895 $ 168,132 $ 901,768 $ 42,377 $ 228,199 $ 82,012 $ 19,982 $ 1,702,365 Charge-offs (44,322 ) - - (1,521 ) - (1,280 ) (47,123 ) Recoveries 3,172 - - 22,031 - 1,917 27,120 Provision for credit losses 202,020 (14,243 ) 189,113 (29,285 ) (74,818 ) 6,257 (19,038 ) 260,006 Ending balance $ 461,915 $ 112,739 $ 1,090,881 $ 13,092 $ 173,891 $ 88,269 $ 1,581 $ 1,942,368 Allowance allocated to: Legacy Loans: Individually evaluated for impairment $ 288,800 $ - $ - $ - $ - $ - $ - $ 288,800 Collectively evaluated for impairment 173,115 112,739 1,090,881 13,092 173,891 88,269 1,581 1,653,568 Acquired Loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment - - - - - - - - Our recorded investment in loans at September 30, 2017 2016 September 30, 2017 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Legacy Loans: Individually evaluated for impairment $ 1,684,871 $ 5,294 $ 4,707,655 $ - $ 702,352 $ 22,564 $ - $ 7,122,736 Collectively evaluated for impairment 73,121,605 9,622,035 90,250,315 2,081,647 33,340,191 13,641,850 20,178,064 242,235,707 Ending balance $ 74,806,476 $ 9,627,329 $ 94,957,970 $ 2,081,647 $ 34,042,543 $ 13,664,414 $ 20,178,064 $ 249,358,443 Acquired Loans: Individually evaluated for impairment $ 1,260,264 $ 210,988 $ 201,573 $ - $ - $ - $ 64,237 $ 1,737,062 Collectively evaluated for impairment 76,403,162 18,212,904 11,912,984 1,058,534 1,668,783 6,459,424 838,003 116,553,794 Ending balance $ 77,663,426 $ 18,423,892 $ 12,114,557 $ 1,058,534 $ 1,668,783 $ 6,459,424 $ 902,240 $ 118,290,856 September 30, 2016 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Legacy Loans: Individually evaluated for impairment $ 1,950,209 $ 33,547 $ 2,658,132 $ - $ 809,535 $ 13,998 $ 10,250 $ 5,475,671 Collectively evaluated for impairment 47,475,428 10,885,747 88,428,720 999,407 15,401,007 13,413,378 2,653,488 179,257,175 Ending balance $ 49,425,637 $ 10,919,294 $ 91,086,852 $ 999,407 $ 16,210,542 $ 13,427,376 $ 2,663,738 $ 184,732,846 Acquired Loans: Individually evaluated for impairment $ 951,096 $ 342,739 $ 208,065 $ - $ - $ 9,413 $ 39,375 $ 1,550,688 Collectively evaluated for impairment 90,577,460 21,733,810 17,171,845 1,797,272 2,133,711 8,986,797 969,087 143,369,982 Ending balance $ 91,528,556 $ 22,076,549 $ 17,379,910 $ 1,797,272 $ 2,133,711 $ 8,996,210 $ 1,008,462 $ 144,920,670 Past due loans, segregated by age and class of loans, as of and for the six September 30, 2017 March 31, 2017, September 30, 2017 March 31, 2017 Legacy Acquired Total Legacy Acquired Total Current $ 242,532,335 $ 117,429,115 $ 359,961,450 $ 207,328,184 $ 128,769,860 $ 336,098,044 Accruing past due loans: 30-59 days past due: Real estate loans: Residential 1,138,070 249,207 1,387,277 69,618 - 69,618 Investor - - - 320,971 - 320,971 Commercial - - - - - - Commercial construction - - - 113,603 - 113,603 Commercial business - - - - - - Home equity loans 5,307 - 5,307 - - - Consumer 186,394 - 186,394 - - - Total 30-59 days past due 1,329,771 249,207 1,578,978 504,192 - 504,192 60-89 days past due: Real estate loans: Residential 29,379 128,203 157,582 74,631 - 74,631 Investor - 54,801 54,801 - - - Commercial - - - - - - Commercial construction - - - - - - Commercial business - - - - - - Home equity loans - - - - - - Consumer - - - - - - Total 60-89 days past due 29,379 183,004 212,383 74,631 - 74,631 90 or more days past due: Real estate loans: Residential - - - - - - Investor 330,098 78,349 408,447 - 21,030 21,030 Commercial - - - - - - Commercial construction - - - - - - Commercial business - - - - - - Home equity loans - - - - - - Consumer - - - - - - Total 90 or more days past due 330,098 78,349 408,447 - 21,030 21,030 Total accruing past due loans 1,689,248 510,560 2,199,808 578,823 21,030 599,853 Non-accruing loans: Real estate loans: Residential 409,451 351,181 760,632 426,354 248,663 675,017 Investor 5,293 5,293 13,976 57,131 71,107 Commercial 4,707,655 - 4,707,655 1,546,812 - 1,546,812 Commercial construction - - - - - - Commercial business - - - - - - Home equity loans 14,461 - 14,461 3,397 - 3,397 Consumer - - - - 5,602 5,602 Non-accruing loans: 5,136,860 351,181 5,488,041 1,990,539 311,396 2,301,935 Total Loans $ 249,358,443 $ 118,290,856 $ 367,649,299 $ 209,897,546 $ 129,102,286 $ 338,999,832 Nonaccrual interest not accrued: Real estate loans: Residential $ 7,378 $ 38,148 $ 45,526 $ 6,460 $ 35,177 $ 41,637 Investor 5,914 - 5,914 6,982 23,293 30,275 Commercial - - - 109,818 - 109,818 Commercial construction - - - - - - Commercial business - - - - - - Home equity loans 49 - 49 66 - 66 Consumer - - - - 317 317 Total nonaccrual interest not accrued $ 13,341 $ 38,148 $ 51,489 $ 123,326 $ 58,787 $ 182,113 Impair ed Loans as of and for the six September 30, 2017 March 31, 2017, Impaired Loans at September 30, 2017 Three months ended September 30, 2017 Six months ended September 30, 2017 Unpaid Contractual Average Interest Average Interest Principal Recorded Related Recorded Income Recorded Income Legacy: Balance Investment Allowance Investment Recognized Investment Recognized With no related allowance recorded: Real estate loans: Residential $ 515,922 $ 379,988 $ - $ 384,968 $ 321 $ 387,950 $ 967 Investor 9,909 5,294 5,344 - 5,451 - Commercial 6,594,464 4,707,655 - 4,707,655 - 4,712,233 1,077 Commercial construction - - - - - - - Commercial business 1,109,333 702,352 - 710,139 24,086 725,401 49,238 Home equity loans 48,781 22,564 - 22,997 77 23,611 240 Consumer - - - - - - - With an allowance recorded: Real estate loans: Residential 1,332,333 1,304,883 270,329 1,316,635 12,748 1,317,648 25,550 Investor - - - - - - - Commercial - - - - - - - Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans - - - - - - - Consumer - - - - - - - Total legacy impaired 9,610,742 7,122,736 270,329 7,147,738 37,232 7,172,294 77,072 Acquired (1): With no related allowance recorded: Real estate loans: Residential 1,447,903 1,260,264 - 1,271,653 14,444 1,277,955 27,264 Investor 210,983 210,988 - 213,788 2,999 206,636 6,810 Commercial 251,573 201,573 - 202,395 1,900 203,121 3,813 Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans 42,927 - - - 313 - 600 Consumer 101,550 64,237 - 64,832 1,356 65,271 3,126 With an allowance recorded: Real estate loans: Residential - - - - - - - Investor - - - - - - - Commercial - - - - - - - Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans - - - - - - - Consumer - - - - - - - Total acquired impaired 2,054,936 1,737,062 - 1,752,668 21,012 1,752,983 41,613 Total impaired $ 11,665,678 $ 8,859,798 $ 270,329 $ 8,900,406 $ 58,244 $ 8,925,277 $ 118,685 ( 1 Generally accepted accounting principles require that we record acquired loans at fair value at acquisition, which includes a discount for loans with credit impairment. These purchased credit impaired loans are not not Impaired Loans at September 30, 2016 Three months ended September 30, 2016 Six months ended September 30, 2016 Unpaid Contractual Average Interest Average Interest Principal Recorded Related Recorded Income Recorded Income Legacy: Balance Investment Allowance Investment Recognized Investment Recognized With no related allowance recorded: Real estate loans: Residential $ 730,391 $ 596,725 $ - $ 595,865 $ 5,448 $ 582,387 $ 16,431 Investor 170,630 33,547 33,972 - 34,564 5,434 Commercial 3,433,621 2,658,132 - 2,658,132 - 2,679,137 60,987 Commercial construction - - - - - - - Commercial business 1,253,032 809,535 - 821,588 26,896 839,145 36,203 Home equity loans 38,383 13,998 - 14,443 70 15,178 957 Consumer 10,250 10,250 - 10,250 - 10,302 44 With an allowance recorded: Real estate loans: Residential 1,379,853 1,353,484 288,800 1,357,043 13,195 1,360,941 28,319 Investor - - - - - - - Commercial - - - - - - - Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans - - - - - - - Consumer - - - - - - - Total legacy impaired 7,016,160 5,475,671 288,800 5,491,293 45,609 5,521,654 148,375 Acquired (1): With no related allowance recorded: Real estate loans: Residential 1,099,011 951,096 - 954,269 8,792 769,990 25,143 Investor 702,399 342,739 - 344,780 3,769 358,806 13,525 Commercial 258,065 208,065 - 208,597 1,949 209,656 3,909 Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans 58,666 9,413 - 9,741 684 7,306 1,938 Consumer 69,584 39,375 - 40,136 1,026 41,189 3,598 With an allowance recorded: Real estate loans: Residential - - - - - - - Investor - - - - - - - Commercial - - - - - - - Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans - - - - - - - Consumer - - - - - - - Total acquired impaired 2,187,725 1,550,688 - 1,557,523 16,220 1,386,947 48,113 Total impaired $ 9,203,885 $ 7,026,359 $ 288,800 $ 7,048,816 $ 61,829 $ 6,908,601 $ 196,488 ( 1 Generally accepted accounting principles require that we record acquired loans at fair value at acquisition, which includes a discount for loans with credit impairment. These purchased credit impaired loans are not not Impaired Loans at March 31, 2017 Unpaid Contractual Average Interest Principal Recorded Related Recorded Income Legacy: Balance Investment Allowance Investment Recognized With no related allowance recorded: Real estate loans: Residential $ 491,249 $ 360,590 $ - $ 373,618 $ 11,901 Investor 107,710 16,919 16,306 - Commercial 3,433,621 1,546,812 - 2,485,299 987 Commercial construction - - - - - Commercial business 1,177,632 753,375 - 832,437 107,063 Home equity loans 37,365 12,040 - 14,102 257 Consumer - - - - - With an allowance recorded: Real estate loans: Residential 1,432,212 1,401,827 284,177 1,428,128 54,121 Investor - - - - - Commercial - - - - - Commercial construction - - - - - Commercial business - - - - - Home equity loans - - - - - Consumer - - - - - Total legacy impaired 6,679,789 4,091,563 284,177 5,149,890 174,329 Acquired (1): With no related allowance recorded: Real estate loans: Residential 1,320,985 1,133,646 - 1,017,399 51,442 Investor 503,920 148,506 - 230,757 12,229 Commercial 254,844 204,844 - 208,057 7,770 Commercial construction - - - - - Commercial business - - - - - Home equity loans - - - - - Consumer 88,276 40,107 - 44,079 6,049 With an allowance recorded: Real estate loans: Residential - - - - - Investor 66,446 38,382 1,182 34,448 - Commercial - - - - - Commercial construction - - - - - Commercial business - - - - - Home equity loans - - - - - Consumer - - - - - Total acquired impaired 2,234,471 1,565,485 1,182 1,534,740 77,490 Total impaired $ 8,914,260 $ 5,657,048 $ 285,359 $ 6,684,630 $ 251,819 ( 1 Generally accepted accounting principles require that we record acquired loans at fair value at acquisition, which includes a discount for loans with credit impairment. These purchased credit impaired loans are not not The following table documents changes in the carrying amount of acquired impaired loans (Purchased Credit Impaired or “PCI”) for the six September 30, 2017 2016, September 30, 2017 September 30, 2016 Recorded investment at beginning of period $ 1,341,935 $ 919,729 Fair value of loans acquired during the year - 1,027,518 Accretion 725 13,543 Reductions of payments (113,688 ) (223,340 ) Recorded investment at end of period $ 1,228,972 $ 1,737,450 Outstanding principal balance at end of period $ 1,549,586 $ 2,335,515 A summary of changes in the accretable yield for PCI loans for the six September 30, 2017 2016 September 30, 2017 September 30, 2016 Accretable yield at beginning of period $ 59,639 $ 32,629 Addition from acquisition - 55,046 Accretion (725 ) (13,543 ) Reclassification from nonaccretable difference - - Accretable yield at end of period $ 58,914 $ 74,132 During the three September 30, 2017 2016, $1,085 $7,016, no three Impaired loans also include certain loans that have been modified in troubled debt restructurings (TDRs) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Bank's loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Generally, nonaccrual loans that are modified and considered TDRs are classified as nonperforming at the time of restructure and may six A summary of TDRs at September 30, 2017 March 31, 2017 Number of September 30, 2017 contracts Performing Nonperforming Total Real estate loans: Residential 14 $ 1,246,041 $ 284,757 $ 1,530,798 Investor - - - - Commercial 2 - 1,546,812 1,546,812 Commercial construction - - - - Commercial business 1 608,769 - 608,769 Home equity loans - - - - Consumer - - - - 17 $ 1,854,810 $ 1,831,569 $ 3,686,379 Number of March 31, 2017 contracts Performing Nonperforming Total Real estate loans: Residential 13 $ 1,261,603 $ 294,968 $ 1,556,571 Investor - - - - Commercial 2 - 1,546,812 1,546,812 Commercial construction - - - - Commercial business 1 643,999 - 643,999 Home equity loans - - - - Consumer - - - - 16 $ 1,905,602 $ 1,841,780 $ 3,747,382 The following table presents the number of contracts and the dollar amount of TDRs that were added during the six September 30, 2017 2016. no three September 30, 2017 2016. There are no September 30, 2017. Loans Modified as a TDR for the six months ended September 30, 2017 September 30, 2016 Number of Outstanding recorded Number of Outstanding recorded Troubled Debt Restructurings contracts investment contracts investment Real estate loans: One-to four-family 1 $ 1,931 11 $ 712,786 The following table represents loans that were modified as TDRs within the previous 12 six September 30, 2016. no three September 30, 2017 2016 six September 30, 2017. 90 Defaulted during the six months ended September 30, 2017 Defaulted during the six months ended September 30, 2016 Number of Recorded Number of Recorded TDR Loan Type Contracts Investment Contracts Investment One-to four-family - $ - 11 $ 247,822 The one four six September 30, 2016 one $451,000 June 30, 2016. In calculating the allowance for loan losses, individual TDRs are evaluated for impairment. TDRs are evaluated for impairment based upon either the present value of cash flows or, if collateral dependent, the lower of cost or fair value of the underlying collateral. If it is determined that the cash flows or underlying collateral is less than the carrying amount of the loan, the difference in value will be charged-off through earnings, unless the TDR is performing, in which case a specific reserve may Credit quality indicators As part of the ongoing monitoring of the credit quality of the Bank's loan portfolio, management tracks certain credit quality indicators including trends related to the risk grade of loans, the level of classified loans, net charge offs, nonperforming loans, and the general economic conditions in the Bank's market. The Bank utilizes a risk grading matrix to assign a risk grade to each of its loans. A description of the overall characteristics of loans characterized as watch list or classified is as follows: Pass A pass loan is considered of sufficient quality to preclude a special mention or an adverse rating. Pass assets generally are well protected by the current net worth and paying capacity of the obligor or by the value of the asset or underlying collateral. Special Mention A special mention loan has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may not not Loans that would primarily fall into this notational category could have been previously classified adversely, but the deficiencies have since been corrected. Management should closely monitor recent payment history of the loan and value of the collateral. Borrowers may may may Substandard A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any . Substandard loans have a well-defined weakness, or weaknesses, that jeopardize the collection or liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not Borrowers may Doubtful A doubtful loan has all the weaknesses inherent as a substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. A loan classified as doubtful exhibits loss potential. However, there is still sufficient reason to permit the loan to remain on the books. A doubtful classification could reflect the deterioration of the primary source of repayment and serious doubt exists as to the quality of the secondary source of repayment. Doubtful classifications should be used only when a distinct and known possibility of loss exists. When identified, adequate loss should be recorded for the specific assets. The entire asset should not Loss Loans classified as loss are considered uncollectable and of such little value that their continuance as loans is unjustified. A loss classification does not no may The f ollowing tables present the September 30, 2017 March 31, 2017, no September 30, 2017 March 31, 2017. September 30, 2017 March 31, 2017 LEGACY ACQUIRED TOTAL LEGACY ACQUIRED TOTAL Risk Rating: Rating - Pass: Real estate loans: Residential $ 71,978,910 $ 75,369,389 $ 147,348,299 $ 71,721,341 $ 81,228,457 $ 152,949,798 Investor 9,627,329 18,423,892 28,051,221 6,728,493 18,151,533 24,880,026 Commercial 87,129,337 10,496,227 97,625,564 84,789,748 13,387,987 98,177,735 Commercial construction 2,081,647 1,058,534 3,140,181 1,881,541 1,308,652 3,190,193 Commercial Business 33,948,960 1,668,783 35,617,743 19,376,763 2,019,337 21,396,100 Home Equity 13,641,850 6,342,669 19,984,519 13,269,478 7,133,164 20,402,642 Consumer 20,178,064 867,753 21,045,817 2,258,836 896,022 3,154,858 Total Pass 238,586,097 114,227,247 352,813,344 200,026,200 124,125,152 324,151,352 Rating - Special Mention: Real estate loans: Residential 2,537,371 1,225,785 3,763,156 1,499,436 1,724,987 3,224,423 Investor - - - - 408,803 408,803 Commercial 3,120,978 1,205,769 4,326,747 6,329,129 1,305,692 7,634,821 Commercial construction - - - - - - Commercial Business - - - - - - Home Equity - 116,755 116,755 - 132,977 132,977 Consumer - - - - 788 788 Total Special Mention 5,658,349 2,548,309 8,206,658 7,828,565 3,573,247 11,401,812 Rating - Substandard: Real estate loans: Residential 290,195 1,068,252 1,358,447 331,976 938,945 1,270,921 Investor - - - 13,976 219,308 233,284 Commercial 4,707,655 412,561 5,120,216 1,546,812 204,844 1,751,656 Commercial construction - - - - - - Commercial Business 93,583 - 93,583 141,266 - 141,266 Home Equity 22,564 - 22,564 8,751 - 8,751 Consumer - 34,487 34,487 - 40,790 40,790 Total - Substandard 5,113,997 1,515,300 6,629,297 2,042,781 1,403,887 3,446,668 Rating - Doubtful - - - - - - Rating - Loss - - - - - - TOTAL LOANS $ 249,358,443 $ 118,290,856 $ 367,649,299 $ 209,897,546 $ 129,102,286 $ 338,999,832 In the normal course of business, the Bank has various outstanding commitments and contingent liabilities that are not no may not The Bank’s maximum exposure to credit loss in the event of nonperformance by the customer is the contractual amount of the credit commitment. Loan commitments, lines of credit, and letters of credit are made on the same terms, including collateral, as outstanding loans. The Bank has established an off-balance sheet reserve for potential losses associated with any outstanding commitment or unused line of credit. The off-balance sheet reserve is a percentage of the outstanding commitment or unused line of credit that is based upon a discounted charge-off history associated with each respective loan segment. The reserve at September 30, 2017 March 31, 2017 $68,500 $55,000, September 30, 2017, not The Bank had the following outstanding commitments and unused lines of credit as of September 30, 2017 March 31, 2017: September 30, March 31, 2017 2017 Unused commercial lines of credit $ 14,829,684 $ 10,733,345 Unused home equity lines of credit 22,387,077 22,993,289 Unused consumer lines of credit 29,555 1,110,155 Residential mortgage loan commitments - - Residential construction loan commitments 8,172,473 8,047,156 Commercial construction loan commitments 13,969,957 7,091,564 Home equity loan commitments 450,000 84,000 Commercial & Industrial loan commitments 2,300,000 1,089,218 Standby letters of credit 226,655 472,354 |