Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5: Loans Receivable and Allowance for Loan Losses Loans receivable, excluding loans held for sale, consist of the following at September 30, 2018 March 31, 2018: September 30, 2018 March 31, 2018 Legacy (1) Acquired Total Loans % of Total Legacy (1) Acquired Total Loans % of Total Real estate loans: One-to four-family: Residential (2) $ 83,090,271 $ 68,932,853 $ 152,023,124 40 % $ 85,248,184 $ 72,749,066 $ 157,997,250 41 % Residential construction 3,639,139 - 3,639,139 1 % 5,450,827 - 5,450,827 1 % Investor (3) 7,880,161 17,002,668 24,882,829 7 % 9,275,031 17,460,809 26,735,840 7 % Commercial 105,679,013 10,017,465 115,696,478 31 % 100,403,769 11,762,485 112,166,254 29 % Commercial construction 2,529,160 928,008 3,457,168 1 % 5,763,784 1,352,019 7,115,803 2 % Total real estate loans 202,817,744 96,880,994 299,698,738 80 % 206,141,595 103,324,379 309,465,974 80 % Commercial business (4) 36,134,376 1,755,200 37,889,576 10 % 38,302,739 1,841,226 40,143,965 10 % Home equity loans 14,183,532 5,184,176 19,367,708 5 % 13,956,327 6,039,462 19,995,789 5 % Consumer (5) 16,973,316 719,527 17,692,843 5 % 18,849,448 766,063 19,615,511 5 % Total Loans 270,108,968 104,539,897 374,648,865 100 % 277,250,109 111,971,130 389,221,239 100 % Net deferred loan origination fees and costs (194,146 ) - (194,146 ) (212,746 ) - (212,746 ) Loan premium (discount) 1,773,078 (288,093 ) 1,484,985 1,922,428 (510,036 ) 1,412,392 $ 271,687,900 $ 104,251,804 $ 375,939,704 $ 278,959,791 $ 111,461,094 $ 390,420,885 _________________________________________________ ( 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, 2018 $19.2 second 2018. ( 3 "Investor" loans are residential mortgage loans secured by non-owner occupied one four ( 4 "Legacy" commercial business loans at March 31, 2018 $15.5 June 2017 $3.2 second 2018. ( 5 "Legacy" consumer loans at March 31, 2018 $19.9 August December 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, 2018 2017. not not Three Months Ended September 30, 2018 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 601,211 $ 63,506 $ 1,355,886 $ 14,793 $ 609,372 $ 68,267 $ 123,952 $ - $ 2,836,987 Charge-offs (5,722 ) (2,531 ) - - (75,000 ) - - - (83,253 ) Recoveries 1,475 - 31,320 - - - 1,904 - 34,699 Provision for credit losses 68,712 253,596 (74,765 ) (2,403 ) (1,761 ) 4,564 (27,180 ) 21,733 242,496 Ending balance $ 665,676 $ 314,571 $ 1,312,441 $ 12,390 $ 532,611 $ 72,831 $ 98,676 $ 21,733 $ 3,030,929 Six Months Ended September 30, 2018 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 608,723 $ 51,690 $ 1,253,383 $ 33,430 $ 673,982 $ 69,459 $ 131,236 $ - $ 2,821,903 Charge-offs (13,769 ) (8,111 ) (31,320 ) - (75,000 ) - (2,465 ) - (130,665 ) Recoveries 2,242 64 31,320 - - - 3,569 - 37,195 Provision for credit losses 68,480 270,928 59,058 (21,040 ) (66,371 ) 3,372 (33,664 ) 21,733 302,496 Ending balance $ 665,676 $ 314,571 $ 1,312,441 $ 12,390 $ 532,611 $ 72,831 $ 98,676 $ 21,733 $ 3,030,929 Allowance allocated to: Legacy Loans: Individually evaluated for impairment $ 257,866 $ 1,857 $ - $ - $ - $ - $ - $ - $ 259,723 Collectively evaluated for impairment 260,437 50,278 1,272,762 11,381 528,363 57,845 98,491 21,733 2,301,290 Acquired Loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 147,373 262,436 39,679 1,009 4,248 14,986 185 - 469,916 Three Months Ended September 30, 2017 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Unallocated 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 Unallocated 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 - - - - - - - - - Our recorded investment in loans at September 30, 2018 2017 September 30, 2018 Residential Real Estate Investor Real Estate Commercial Real Estate Commercial Construction Commercial Business Home Equity Consumer Total Legacy Loans: Individually evaluated for impairment $ 1,710,906 $ 59,426 $ 4,251,209 $ - $ 769,307 $ 7,254 $ 7,208 $ 6,805,310 Collectively evaluated for impairment 85,018,504 7,820,735 101,427,804 2,529,160 35,365,069 14,176,278 16,966,108 263,303,658 Ending balance $ 86,729,410 $ 7,880,161 $ 105,679,013 $ 2,529,160 $ 36,134,376 $ 14,183,532 $ 16,973,316 $ 270,108,968 Acquired Loans: Individually evaluated for impairment $ 1,002,307 $ 499,838 $ 196,697 $ - $ - $ - $ 57,772 $ 1,756,614 Collectively evaluated for impairment 67,930,546 16,502,829 9,820,768 928,008 1,755,200 5,184,176 661,756 102,783,283 Ending balance $ 68,932,853 $ 17,002,667 $ 10,017,465 $ 928,008 $ 1,755,200 $ 5,184,176 $ 719,528 $ 104,539,897 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 Past due loans, segregated by age and class of loans, as of and for the six September 30, 2018 March 31, 2018, September 30, 2018 March 31, 2018 Legacy Acquired Total Legacy Acquired Total Current $ 264,810,304 $ 102,404,079 $ 367,214,383 $ 270,807,643 $ 109,972,473 $ 380,780,116 Accruing past due loans: 30-59 days past due: Real estate loans: Residential 85,928 234,284 320,212 63,618 689,364 752,982 Investor - - - - - - Commercial - - - - - - Commercial construction - 160,000 160,000 - - - Commercial business - - - 135,502 - 135,502 Home equity loans - 33,031 33,031 - - - Consumer 67,955 54,050 122,005 148,876 - 148,876 Total 30-59 days past due 153,883 481,365 635,248 347,996 689,364 1,037,360 60-89 days past due: Real estate loans: Residential 9,330 678,017 687,347 70,291 - 70,291 Investor - - - - - - Commercial - - - - - - Commercial construction - - - - - - Commercial business - - - 134,524 - 134,524 Home equity loans - - - - - - Consumer 28,773 - 28,773 28,300 - 28,300 Total 60-89 days past due 38,103 678,017 716,120 233,115 - 233,115 90 or more days past due: Real estate loans: Residential - - - - - - Investor 224,296 113,449 337,745 734,818 471,423 1,206,241 Commercial - - - - - - Commercial construction - - - - - - Commercial business - - - - - - Home equity loans - - - - - - Consumer - - - - - - Total 90 or more days past due 224,296 113,449 337,745 734,818 471,423 1,206,241 Total accruing past due loans 416,282 1,272,831 1,689,113 1,315,929 1,160,787 2,476,716 Non-accruing loans: Real estate loans: Residential 397,300 305,198 702,498 526,584 338,060 864,644 Investor 59,426 361,092 420,518 60,949 300,872 361,821 Commercial 4,251,209 196,697 4,447,906 4,356,264 198,938 4,555,202 Commercial construction - - - - - - Commercial business 167,239 - 167,239 165,285 - 165,285 Home equity loans - - - 12,605 - 12,605 Consumer 7,208 - 7,208 4,850 - 4,850 Non-accruing loans: 4,882,382 862,987 5,745,369 5,126,537 837,870 5,964,407 Total Loans $ 270,108,968 $ 104,539,897 $ 374,648,865 $ 277,250,109 $ 111,971,130 $ 389,221,239 Nonaccrual interest not accrued: Real estate loans: Residential $ 2,068 $ 5,797 $ 7,865 $ 8,250 $ 53,120 $ 61,370 Investor 1,475 8,256 9,731 8,513 15,604 24,117 Commercial 245,071 959 246,030 294,619 - 294,619 Commercial construction - - - - - - Commercial business 13,166 - 13,166 12,891 - 12,891 Home equity loans - - - 436 - 436 Consumer 147 - 147 385 - 385 Total nonaccrual interest not accrued $ 261,927 $ 15,012 $ 276,939 $ 325,094 $ 68,724 $ 393,818 Impaired loans as of and for the three six September 30, 2018 2017, March 31, 2018, Impaired Loans at September 30, 2018 Three months ended September 30, 2018 Six months ended September 30, 2018 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 $ 631,126 $ 467,785 $ - $ 470,171 $ 3,309 $ 477,820 $ 4,100 Investor 69,151 27,869 - 29,105 - 29,690 - Commercial 6,399,358 4,251,209 - 4,251,209 - 4,265,903 53,278 Commercial construction - - - - - - - Commercial business 1,595,928 769,307 - 821,814 23,022 850,675 44,937 Home equity loans 7,254 7,254 - 7,279 54 12,148 133 Consumer 7,208 7,208 - 7,234 75 7,392 159 With an allowance recorded: Real estate loans: Residential $ 1,257,297 $ 1,243,121 $ 257,866 $ 1,245,847 $ 12,419 $ 1,250,755 $ 24,918 Investor 53,596 31,557 1,857 31,257 - 30,479 - Commercial - - - - - - - Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans - - - - - - - Consumer - - - - - - - Total legacy impaired 10,020,918 6,805,310 259,723 6,863,916 38,879 6,924,862 127,525 Acquired (1): With no related allowance recorded: Real estate loans: Residential 1,096,210 1,002,307 - 1,005,999 5,856 1,008,837 16,979 Investor 769,766 499,838 - 501,079 4,944 500,429 9,137 Commercial 246,697 196,697 - 196,697 618 197,398 2,481 Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans 38,310 - - - 329 - 650 Consumer 91,462 57,772 - 58,052 1,134 58,812 2,581 With an allowance recorded: Real estate loans: Residential - - - - - - - Investor - - - - - - - Commercial - - - - - - - Commercial construction - - - - - - - Commercial business - - - - - - - Home equity loans - - - - - - - Consumer - - - - - - - Total acquired impaired 2,242,445 1,756,614 - 1,761,827 12,881 1,765,476 31,828 Total impaired $ 12,263,363 $ 8,561,924 $ 259,723 $ 8,625,743 $ 51,760 $ 8,690,338 $ 159,353 ( 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, 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 March 31, 2018 For the Year Ended March 31, 2018 Unpaid Contractual Average Interest Principal Recorded Related Recorded Income Legacy: Balance Investment Allowance Investment Recognized With no related allowance recorded: Real estate loans: Residential $ 665,051 $ 517,600 $ - $ 548,636 $ 9,257 Investor 126,389 60,949 118,175 3,772 Commercial 6,487,088 4,356,264 - 4,634,504 1,077 Commercial construction - - - - - Commercial business 1,562,756 795,410 - 1,082,773 103,474 Home equity loans 47,650 20,595 - 22,604 392 Consumer 48,115 34,266 - 38,514 1,576 With an allowance recorded: Real estate loans: Residential 1,336,078 1,309,440 266,256 1,328,919 51,928 Investor - - - - - Commercial - - - - - Commercial construction - - - - - Commercial business - - - - - Home equity loans - - - - - Consumer - - - - - Total legacy impaired 10,273,127 7,094,524 266,256 7,774,125 171,476 Acquired (1): With no related allowance recorded: Real estate loans: Residential 1,082,484 922,252 - 945,602 26,437 Investor 682,045 444,254 - 659,246 37,368 Commercial 248,938 198,938 - 201,519 7,336 Commercial construction - - - - - Commercial business - - - - - Home equity loans 40,473 - - - 1,329 Consumer 95,986 60,371 - 64,013 6,062 With an allowance recorded: Real estate loans: Residential - - - - - Investor - - - - - Commercial - - - - - Commercial construction - - - - - Commercial business - - - - - Home equity loans - - - - - Consumer - - - - - Total acquired impaired 2,149,926 1,625,815 - 1,870,380 78,532 Total impaired $ 12,423,053 $ 8,720,339 $ 266,256 $ 9,644,505 $ 250,008 ( 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, 2018 2017, September 30, 2018 September 30, 2017 Recorded investment at beginning of period $ 1,021,424 $ 1,341,935 Accretion 2,089 725 Reductions for payments (101,846 ) (113,688 ) Recorded investment at end of period $ 921,667 $ 1,228,972 Oustanding principal balance at end of period $ 1,122,792 $ 1,549,586 A summary of changes in the accretable yield for PCI loans for the six September 30, 2018 2017 September 30, 2018 September 30, 2017 Accretable yield, beginning of period $ 31,895 $ 59,639 Accretion (2,089 ) (725 ) Reclassification from nonaccretable difference - - Accretable yield, end of period $ 29,806 $ 58,914 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, 2018 March 31, 2018 Number of September 30, 2018 contracts Performing Nonperforming Total Real estate loans: Residential 16 $ 1,304,276 $ 230,953 $ 1,535,229 Investor - - - - Commercial 2 - 1,195,421 1,195,421 Commercial construction - - - - Commercial business 1 602,067 - 602,067 Home equity loans - - - - Consumer - - - - 19 $ 1,906,343 $ 1,426,374 $ 3,332,717 Number of March 31, 2018 contracts Performing Nonperforming Total Real estate loans: Residential 15 $ 1,230,166 $ 312,964 $ 1,543,130 Investor - - - - Commercial 2 - 1,195,421 1,195,421 Commercial construction - - - - Commercial business 1 605,488 - 605,488 Home equity loans - - - - Consumer - - - - 18 $ 1,835,654 $ 1,508,385 $ 3,344,039 The following table presents the number of contracts and the dollar amount of TDRs that were added during the six September 30, 2018 2017. no three September 30, 2018 2017. no September 30, 2018. Loans Modified as a TDR for the six months ended September 30, 2018 September 30, 2017 Number of Outstanding recorded Number of Outstanding recorded Troubled Debt Restructurings contracts investment contracts investment Real estate loans: One-to four-family 1 $ 20,866 1 $ 1,931 There were no three six September 30, 2018 2017. 90 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 general 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 following tables present the September 30, 2018 March 31, 2018, no September 30, 2018 March 31, 2018. September 30, 2018 March 31, 2018 LEGACY ACQUIRED TOTAL LEGACY ACQUIRED TOTAL Risk Rating: Rating - Pass: Real estate loans: Residential $ 83,998,596 $ 66,964,649 $ 150,963,245 $ 87,863,805 $ 70,901,293 $ 158,765,098 Investor 7,820,735 16,224,450 24,045,185 9,214,082 16,719,346 25,933,428 Commercial 101,427,804 9,820,768 111,248,572 92,955,370 11,563,547 104,518,917 Commercial construction 2,529,160 928,008 3,457,168 5,763,784 1,352,019 7,115,803 Commercial Business 35,967,137 1,755,200 37,722,337 37,978,293 1,841,226 39,819,519 Home Equity 14,176,278 5,046,158 19,222,436 13,935,732 5,928,787 19,864,519 Consumer 16,962,733 688,356 17,651,089 18,733,489 733,669 19,467,158 Total Pass 262,882,443 101,427,589 364,310,032 266,444,555 109,039,887 375,484,442 Rating - Special Mention: Real estate loans: Residential 2,324,604 965,897 3,290,501 2,365,652 925,521 3,291,173 Investor - 279,685 279,685 - 297,209 297,209 Commercial - - - 3,092,135 - 3,092,135 Commercial construction - - - - - - Commercial Business - - - 134,524 - 134,524 Home Equity - 138,018 138,018 - 110,675 110,675 Consumer 10,583 - 10,583 96,474 - 96,474 Total Special Mention 2,335,187 1,383,600 3,718,787 5,688,785 1,333,405 7,022,190 Rating - Substandard: Real estate loans: Residential 406,210 1,002,307 1,408,517 469,554 922,252 1,391,806 Investor 59,426 498,533 557,959 60,949 444,254 505,203 Commercial 4,251,209 196,697 4,447,906 4,356,264 198,938 4,555,202 Commercial construction - - - - - - Commercial Business 167,239 - 167,239 189,922 - 189,922 Home Equity 7,254 - 7,254 20,595 - 20,595 Consumer - 31,171 31,171 19,485 32,394 51,879 Total - Substandard 4,891,338 1,728,708 6,620,046 5,116,769 1,597,838 6,714,607 Rating - Doubtful - - - - - - Rating - Loss - - - - - - TOTAL LOANS $ 270,108,968 $ 104,539,897 $ 374,648,865 $ 277,250,109 $ 111,971,130 $ 389,221,239 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, 2018 March 31, 2018 $52,000 $50,000, September 30, 2018, not The Bank had the following outstanding commitments and unused lines of credit as of September 30, 2018 March 31, 2018: September 30, March 31, Outstanding Commitment and Used Lines of Credit 2018 2018 Unused commercial lines of credit $ 11,536,470 $ 9,187,810 Unused home equity lines of credit 23,299,018 22,560,376 Unused consumer lines of credit 26,845 29,331 Residential construction loan commitments 7,814,167 4,234,076 Commercial construction loan commitments 2,535,935 8,968,416 Home equity loan commitments 353,000 389,600 Commercial loan commitments 3,359,375 5,125,000 Standby letter of credit 416,449 250,224 |