Loans Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table shows non-accrual loans by category at September 30, 2017 compared to December 31, 2016:



	September 30, 2017				December 31, 2016				$		%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)		Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	2,551,216	0.67	%	$	2,488,158	0.68	%	$	63,058	2.5%
Consumer	453,189		0.12		241,571		0.07		$	211,618	87.6
Commercial Business	217,700		0.06		145,401		0.04		72,299		49.7
Commercial Real Estate	4,298,231		1.12		2,639,837		0.73		1,658,394		62.8
Total Non-accrual Loans	$	7,520,336	1.97	%	$	5,514,967	1.52	%	$	2,005,369	36.4%

^{(1) PERCENT OF TOTAL LOANS HELD FOR INVESTMENT, NET OF DEFERRED FEES AND LOANS IN PROCESS.}

Impaired Financing Receivables [Table Text Block]

The following tables present information related to impaired loans by loan category at September 30, 2017 and December 31, 2016 and for the three and nine months ended September 30, 2017 and 2016.



	September 30, 2017						December 31, 2016
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	2,260,496	$	2,720,495	$	—	$	2,181,740	$	2,263,240	$	—
Consumer	224,894		252,704		—		110,114		118,414		—
Commercial Business	145,401		995,401		—		145,401		995,401		—
Commercial Real Estate	7,259,347		8,740,948		—		5,424,701		7,207,688		—
With an Allowance Recorded:
Consumer	—		—		—		60,438		60,438		1,699
Commercial Real Estate	—		—		—		405,640		418,654		12,590
Total
Residential Real Estate	2,260,496		2,720,495		—		2,181,740		2,263,240		—
Consumer	224,894		252,704		—		170,552		178,852		1,699
Commercial Business	145,401		995,401		—		145,401		995,401		—
Commercial Real Estate	7,259,347		8,740,948		—		5,830,341		7,626,342		12,590
Total	$	9,890,138	$	12,709,548	$	—	$	8,328,034	$	11,063,835	$	14,289

8. Loans Receivable, Net, Continued



	Three Months Ended September 30,
	2017				2016
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,613,299	$	2,226	$	3,319,559	$	—
Consumer	240,005		—		128,751		—
Commercial Business	145,401		—		296,401		—
Commercial Real Estate	7,331,736		44,296		6,180,761		67,380
With an Allowance Recorded:
Consumer	—		—		61,581		772
Commercial Real Estate	—		—		641,743		28,534
Total
Residential Real Estate	2,613,299		2,226		3,319,559		—
Consumer	240,005		—		190,332		772
Commercial Business	145,401		—		296,401		—
Commercial Real Estate	7,331,736		44,296		6,822,504		95,914
Total	$	10,330,441	$	46,522	$	10,628,796	$	96,686



	Nine Months Ended September 30,
	2017				2016
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,939,263	$	25,339	$	3,469,066	$	8,282
Consumer	294,002		—		294,714		—
Commercial Business	145,401		—		301,881		—
Commercial Real Estate	7,517,744		159,584		8,589,845		192,017
With an Allowance Recorded:
Consumer	—		—		62,322		3,470
Commercial Real Estate	—		—		652,867		28,534
Total
Residential Real Estate	2,939,263		25,339		3,469,066		8,282
Consumer	294,002		—		357,036		3,470
Commercial Business	145,401		—		301,881		—
Commercial Real Estate	7,517,744		159,584		9,242,712		220,551
Total	$	10,896,410	$	184,923	$	13,370,695	$	232,303

8. Loans Receivable, Net, Continued

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

The following tables show the activity in the allowance for loan losses by category for the three and nine months ended September 30, 2017 and 2016:



	Three Months Ended September 30, 2017
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,450,176		$	1,122,473		$	880,642		$	4,749,341		$	8,202,632
Provision for Loan Losses	80,766			110,023			(842		)	(89,947		)	100,000
Charge-Offs	(114,869		)	(82,087		)	—			(62,482		)	(259,438		)
Recoveries	1,014			15,392			—			109,588			125,994
Ending Balance	$	1,417,087		$	1,165,801		$	879,800		$	4,706,500		$	8,169,188



	Nine Months Ended September 30, 2017
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,360,346		$	996,620		$	882,999		$	5,116,266		$	8,356,231
Provision for Loan Losses	241,112			234,342			2,690			(378,144		)	100,000
Charge-Offs	(186,372		)	(123,942		)	(5,889		)	(198,482		)	(514,685		)
Recoveries	2,001			58,781			—			166,860			227,642
Ending Balance	$	1,417,087		$	1,165,801		$	879,800		$	4,706,500		$	8,169,188



	Three Months Ended September 30, 2016
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,462,636		$	1,115,976		$	865,867		$	4,950,735		$	8,395,214
Provision for Loan Losses	31,415			(155,298		)	713,276			(589,393		)	—
Charge-Offs	(137,935		)	(35,312		)	(150,000		)	—			(323,247		)
Recoveries	1,228			23,569			11,731			2,616			39,144
Ending Balance	$	1,357,344		$	948,935		$	1,440,874		$	4,363,958		$	8,111,111



	Nine Months Ended September 30, 2016
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,323,183		$	1,063,153		$	773,948		$	5,114,849		$	8,275,133
Provision for Loan Losses	160,823			(1,501		)	805,195			(964,517		)	—
Charge-Offs	(137,935		)	(189,193		)	(150,000		)	(202,618		)	(679,746		)
Recoveries	11,273			76,476			11,731			416,244			515,724
Ending Balance	$	1,357,344		$	948,935		$	1,440,874		$	4,363,958		$	8,111,111

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

Loans receivable, net, consisted of the following as of the dates indicated below:



	September 30, 2017		December 31, 2016
Residential Real Estate Loans	$	79,106,075	$	77,979,909
Consumer Loans	56,864,234		50,667,894
Commercial Business Loans	23,496,773		16,279,177
Commercial Real Estate Loans	228,182,149		222,599,294
Total Loans Held For Investment	387,649,231		367,526,274
Loans Held For Sale	1,270,410		4,243,907
Total Loans Receivable, Gross	$	388,919,641	$	371,770,181
Less:
Allowance For Loan Losses	8,169,188		8,356,231
Loans In Process	4,935,647		3,526,064
Deferred Loan Fees	103,338		165,040
	13,208,173		12,047,335
Total Loans Receivable, Net	$	375,711,468	$	359,722,846

Schedule of Allowance for Loan Losses

Financing Receivable Credit Quality Indicators [Table Text Block]

The tables below summarize the balance within each risk category by loan type, excluding loans held for sale, at September 30, 2017 and December 31, 2016.



September 30, 2017	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	70,517,818	$	2,020,878	$	1,378,317	$	5,189,062	$	79,106,075
Consumer	52,443,484		1,738,094		254,190		2,428,466		56,864,234
Commercial Business	20,293,905		1,799,445		732,917		670,506		23,496,773
Commercial Real Estate	145,016,591		61,842,493		15,929,625		5,393,440		228,182,149
Total	$	288,271,798	$	67,400,910	$	18,295,049	$	13,681,474	$	387,649,231



December 31, 2016	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	70,503,057	$	665,235	$	1,082,928	$	5,728,689	$	77,979,909
Consumer	46,818,650		2,591,860		6,357		1,251,027		50,667,894
Commercial Business	14,731,698		1,002,170		50,081		495,228		16,279,177
Commercial Real Estate	127,068,983		71,927,031		18,153,718		5,449,562		222,599,294
Total	$	259,122,388	$	76,186,296	$	19,293,084	$	12,924,506	$	367,526,274

Past Due Financing Receivables [Table Text Block]

The following tables present an age analysis of past due balances, including loans on non-accrual status, by category at September 30, 2017 and December 31, 2016:



	September 30, 2017
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable
Residential Real Estate	$	206,120	$	—	$	2,551,216	$	2,757,336	$	76,348,739	$	79,106,075
Consumer	865,261		15,856		453,189		1,334,306		55,529,928		56,864,234
Commercial Business	204,739		32,265		217,700		454,704		23,042,069		23,496,773
Commercial Real Estate	2,019,717		17,037		4,298,231		6,334,985		221,847,164		228,182,149
Total	$	3,295,837	$	65,158	$	7,520,336	$	10,881,331	$	376,767,900	$	387,649,231



	December 31, 2016
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable
Residential Real Estate	$	653,858	$	—	$	2,488,158	$	3,142,016	$	74,837,893	$	77,979,909
Consumer	625,178		119,640		241,571		986,389		49,681,505		50,667,894
Commercial Business	536,492		69,256		145,401		751,149		15,528,028		16,279,177
Commercial Real Estate	1,719,758		256,285		2,639,837		4,615,880		217,983,414		222,599,294
Total	$	3,535,286	$	445,181	$	5,514,967	$	9,495,434	$	358,030,840	$	367,526,274

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



	Loans Receivable
September 30, 2017	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,260,496	$	76,845,579	$	79,106,075
Consumer	224,894		56,639,340		56,864,234
Commercial Business	145,401		23,351,372		23,496,773
Commercial Real Estate	7,259,347		220,922,802		228,182,149
Total	$	9,890,138	$	377,759,093	$	387,649,231



	Loans Receivable
December 31, 2016	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,181,740	$	75,798,169	$	77,979,909
Consumer	170,552		50,497,342		50,667,894
Commercial Business	145,401		16,133,776		16,279,177
Commercial Real Estate	5,830,341		216,768,953		222,599,294
Total	$	8,328,034	$	359,198,240	$	367,526,274

The following tables present information related to impaired loans evaluated individually and collectively for impairment in the allowance for loan losses at the dates indicated:



	Allowance For Loan Losses
September 30, 2017	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,417,087	$	1,417,087
Consumer	—		1,165,801		1,165,801
Commercial Business	—		879,800		879,800
Commercial Real Estate	—		4,706,500		4,706,500
Total	$	—	$	8,169,188	$	8,169,188



	Allowance For Loan Losses
December 31, 2016	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,360,346	$	1,360,346
Consumer	1,699		994,921		996,620
Commercial Business	—		882,999		882,999
Commercial Real Estate	12,590		5,103,676		5,116,266
Total	$	14,289	$	8,341,942	$	8,356,231