Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2019

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

The following table shows non-accrual loans by category at March 31, 2019 compared to December 31, 2018:



	March 31, 2019				December 31, 2018				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	1,756,515	0.4	%	$	2,084,870	0.5	%	$	(328,355	)	(15.7)%
Consumer	457,267		0.1		1,274,673		0.3		$	(817,406	)	(64.1)
Commercial Business	118,320		—		124,458		—		(6,138		)	(4.9)
Commercial Real Estate	3,010,259		0.7		3,564,494		0.8		(554,235		)	(15.5)
Total Non-accrual Loans	$	5,342,361	1.2	%	$	7,048,495	1.5	%	$	(1,706,134	)	(24.2)%

^{(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 March 31, 2019 and December 31, 2018 and for the three months ended March 31, 2019 and 2018. There was no allowance recorded related to any impaired loans at March 31, 2019.



	March 31, 2019						December 31, 2018
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	1,345,077	$	1,345,077	$	—	$	1,700,861	$	1,700,861	$	—
Consumer	138,435		146,735		—		986,380		994,680		—
Commercial Business	77,206		972,206		—		77,206		972,206		—
Commercial Real Estate	2,867,898		3,660,285		—		5,084,458		6,116,761		—
With an Allowance Recorded:
Consumer	72,314		72,314		72,314		73,662		73,662		73,662
Commercial Real Estate	996,990		1,396,990		565,000		1,441,558		1,441,558		665,000
Total
Residential Real Estate	1,345,077		1,345,077		—		1,700,861		1,700,861		—
Consumer	210,749		219,049		72,314		1,060,042		1,068,342		73,662
Commercial Business	77,206		972,206		—		77,206		972,206		—
Commercial Real Estate	3,864,888		5,057,275		565,000		6,526,016		7,558,319		665,000
Total	$	5,497,920	$	7,593,607	$	637,314	$	9,364,125	$	11,299,728	$	738,662



	Three Months Ended March 31,
	2019				2018
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	1,361,079	$	—	$	1,757,575	$	—
Consumer	984,528		—		180,610		—
Commercial Business	77,206		—		96,401		—
Commercial Real Estate	2,884,732		14,247		6,625,186		37,207
With an Allowance Recorded:
Consumer	72,651		—		—		—
Commercial Real Estate	1,319,274		—		253,905		340
Total
Residential Real Estate	1,361,079		—		1,757,575		—
Consumer	1,057,179		—		180,610		—
Commercial Business	77,206		—		96,401		—
Commercial Real Estate	4,204,006		14,247		6,879,091		37,547
Total	$	6,699,470	$	14,247	$	8,913,677	$	37,547

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 months ended March 31, 2019 and 2018:



	Three Months Ended March 31, 2019
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,191,443		$	1,203,593		$	923,600		$	5,853,081		$	9,171,717
Provision for Loan Losses	(12,650		)	4,806			55,446			52,398			100,000
Charge-Offs	(34,599		)	(130,194		)	(1,132		)	(400,085		)	(566,010		)
Recoveries	3,476			43,000			14,068			32,304			92,848
Ending Balance	$	1,147,670		$	1,121,205		$	991,982		$	5,537,698		$	8,798,555



	Three Months Ended March 31, 2018
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,233,843		$	1,144,815		$	1,011,227		$	4,831,733		$	8,221,618
Provision for Loan Losses	(15,445		)	(112,933		)	138,940			(10,562		)	—
Charge-Offs	(11,351		)	(17,252		)	(21,487		)	—			(50,090		)
Recoveries	207			27,520			—			4,761			32,488
Ending Balance	$	1,207,254		$	1,042,150		$	1,128,680		$	4,825,932		$	8,204,016

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

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



	March 31, 2019		December 31, 2018
Residential Real Estate Loans	$	86,508,157	$	83,965,416
Consumer Loans	56,212,590		56,907,555
Commercial Business Loans	28,427,888		28,086,686
Commercial Real Estate Loans	273,552,017		275,960,438
Total Loans Held For Investment	444,700,652		444,920,095
Loans Held For Sale	2,436,445		1,781,985
Total Loans Receivable, Gross	$	447,137,097	$	446,702,080
Less:
Allowance For Loan Losses	8,798,555		9,171,717
Loans in Process	8,680,994		7,225,271
Deferred Loan Fees	343,955		251,575
	17,823,504		16,648,563
Total Loans Receivable, Net	$	429,313,593	$	430,053,517

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 March 31, 2019 and December 31, 2018.



March 31, 2019	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	77,770,778	$	3,657,026	$	1,091,391	$	3,988,962	$	86,508,157
Consumer	45,985,872		7,487,826		599,885		2,139,007		56,212,590
Commercial Business	23,245,346		4,525,430		325,536		331,576		28,427,888
Commercial Real Estate	203,448,112		48,830,506		16,260,392		5,013,007		273,552,017
Total	$	350,450,108	$	64,500,788	$	18,277,204	$	11,472,552	$	444,700,652



December 31, 2018	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	75,558,544	$	3,369,776	$	958,354	$	4,078,742	$	83,965,416
Consumer	46,948,251		6,899,912		567,682		2,491,710		56,907,555
Commercial Business	22,670,318		4,708,036		339,533		368,799		28,086,686
Commercial Real Estate	204,197,354		45,653,796		18,492,785		7,616,503		275,960,438
Total	$	349,374,467	$	60,631,520	$	20,358,354	$	14,555,754	$	444,920,095

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 March 31, 2019 and December 31, 2018:



	March 31, 2019
	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	$	666,320	$	—	$	94,128	$	760,448	$	85,747,709	$	86,508,157
Consumer	671,814		239,996		141,911		1,053,721		55,158,869		56,212,590
Commercial Business	70,744		63,631		13,108		147,483		28,280,405		28,427,888
Commercial Real Estate	699,591		—		2,457,894		3,157,485		270,394,532		273,552,017
Total	$	2,108,469	$	303,627	$	2,707,041	$	5,119,137	$	439,581,515	$	444,700,652



	December 31, 2018
	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	$	—	$	332,000	$	497,713	$	829,713	$	83,135,703	$	83,965,416
Consumer	555,798		247,894		1,120,462		1,924,154		54,983,401		56,907,555
Commercial Business	205,613		106,163		18,648		330,424		27,756,262		28,086,686
Commercial Real Estate	1,556,863		424,103		1,634,770		3,615,736		272,344,702		275,960,438
Total	$	2,318,274	$	1,110,160	$	3,271,593	$	6,700,027	$	438,220,068	$	444,920,095

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



	Loans Receivable
March 31, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	1,345,077	$	85,163,080	$	86,508,157
Consumer	210,749		56,001,841		56,212,590
Commercial Business	77,206		28,350,682		28,427,888
Commercial Real Estate	3,864,888		269,687,129		273,552,017
Total	$	5,497,920	$	439,202,732	$	444,700,652



	Loans Receivable
December 31, 2018	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	1,700,861	$	82,264,555	$	83,965,416
Consumer	1,060,043		55,847,512		56,907,555
Commercial Business	77,206		28,009,480		28,086,686
Commercial Real Estate	6,526,015		269,434,423		275,960,438
Total	$	9,364,125	$	435,555,970	$	444,920,095

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
March 31, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,147,670	$	1,147,670
Consumer	72,314		1,048,891		1,121,205
Commercial Business	—		991,982		991,982
Commercial Real Estate	565,000		4,972,698		5,537,698
Total	$	637,314	$	8,161,241	$	8,798,555



	Allowance For Loan Losses
December 31, 2018	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,191,443	$	1,191,443
Consumer	73,662		1,129,931		1,203,593
Commercial Business	—		923,600		923,600
Commercial Real Estate	665,000		5,188,081		5,853,081
Total	$	738,662	$	8,433,055	$	9,171,717