Loans Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2019

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

The following table shows non-accrual loans by category at June 30, 2019 compared to December 31, 2018:



	June 30, 2019				December 31, 2018				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	1,377,567	0.3	%	$	2,084,870	0.5	%	$	(707,303	)	(33.9)%
Consumer	354,381		0.1		1,274,673		0.3		$	(920,292	)	(72.2)
Commercial Business	115,375		—		124,458		—		(9,083		)	(7.3)
Commercial Real Estate	2,614,607		0.6		3,564,494		0.8		(949,887		)	(26.6)
Total Non-accrual Loans	$	4,461,930	1.0	%	$	7,048,495	1.5	%	$	(2,586,565	)	(36.7)%

^{(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 June 30, 2019 and December 31, 2018 and for the three and six months ended June 30, 2019 and 2018.



	June 30, 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	$	1,142,165	$	1,142,165	$	—	$	1,700,861	$	1,700,861	$	—
Consumer	134,817		143,117		—		986,380		994,680		—
Commercial Business	72,406		967,406		—		77,206		972,206		—
Commercial Real Estate	2,383,766		2,676,723		—		5,084,458		6,116,761		—
With an Allowance Recorded:
Consumer	71,301		71,301		71,301		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	1,142,165		1,142,165		—		1,700,861		1,700,861		—
Consumer	206,118		214,418		71,301		1,060,042		1,068,342		73,662
Commercial Business	72,406		967,406		—		77,206		972,206		—
Commercial Real Estate	3,380,756		4,073,713		565,000		6,526,016		7,558,319		665,000
Total	$	4,801,445	$	6,397,702	$	636,301	$	9,364,125	$	11,299,728	$	738,662

8. Loans Receivable, Net, Continued



	Three Months Ended June 30,
	2019				2018
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	1,157,380	$	—	$	1,963,932	$	—
Consumer	137,233		—		177,644		—
Commercial Business	73,606		—		85,804		—
Commercial Real Estate	2,481,028		14,085		10,285,113		56,646
With an Allowance Recorded:
Consumer	71,554		—		—		—
Commercial Real Estate	996,990		—		252,821		2,509
Total
Residential Real Estate	1,157,380		—		1,963,932		—
Consumer	208,787		—		177,644		—
Commercial Business	73,606		—		85,804		—
Commercial Real Estate	3,478,018		14,085		10,537,934		59,155
Total	$	4,917,791	$	14,085	$	12,765,314	$	59,155



	Six Months Ended June 30,
	2019				2018
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	1,347,984	$	—	$	2,089,364	$	1,078
Consumer	982,404		—		179,177		—
Commercial Business	75,149		—		91,260		—
Commercial Real Estate	2,866,245		28,332		10,325,567		117,215
With an Allowance Recorded:
Consumer	72,072		—		—		—
Commercial Real Estate	1,181,152		—		252,821		2,849
Total
Residential Real Estate	1,347,984		—		2,089,364		1,078
Consumer	1,054,476		—		179,177		—
Commercial Business	75,149		—		91,260		—
Commercial Real Estate	4,047,397		28,332		10,578,388		120,064
Total	$	6,525,006	$	28,332	$	12,938,189	$	121,142

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 six months ended June 30, 2019 and 2018:



	Three Months Ended June 30, 2019
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,147,670		$	1,121,205		$	991,982		$	5,537,698		$	8,798,555
Provision for Loan Losses	(23,308		)	69,702			(95,635		)	49,241			—
Charge-Offs	—			(135,286		)	—			(28,079		)	(163,365		)
Recoveries	1,450			36,706			496			79,697			118,349
Ending Balance	$	1,125,812		$	1,092,327		$	896,843		$	5,638,557		$	8,753,539



	Six Months Ended June 30, 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	(35,958		)	74,508			(40,189		)	101,639			100,000
Charge-Offs	(34,599		)	(265,480		)	(1,132		)	(428,164		)	(729,375		)
Recoveries	4,926			79,706			14,564			112,001			211,197
Ending Balance	$	1,125,812		$	1,092,327		$	896,843		$	5,638,557		$	8,753,539



	Three Months Ended June 30, 2018
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,207,254		$	1,042,150		$	1,128,680		$	4,825,932		$	8,204,016
Provision for Loan Losses	104,394			185,314			(40,216		)	(249,492		)	—
Charge-Offs	(2,579		)	(73,774		)	(11,031		)	(9,890		)	(97,274		)
Recoveries	—			60,084			—			444,350			504,434
Ending Balance	$	1,309,069		$	1,213,774		$	1,077,433		$	5,010,900		$	8,611,176



	Six Months Ended June 30, 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	88,949			72,381			98,724			(260,054		)	—
Charge-Offs	(13,930		)	(91,026		)	(32,518		)	(9,890		)	(147,364		)
Recoveries	207			87,604			—			449,111			536,922
Ending Balance	$	1,309,069		$	1,213,774		$	1,077,433		$	5,010,900		$	8,611,176

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

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



	June 30, 2019		December 31, 2018
Residential Real Estate Loans	$	86,342,461	$	83,965,416
Consumer Loans	55,487,981		56,907,555
Commercial Business Loans	28,644,611		28,086,686
Commercial Real Estate Loans	284,436,448		275,960,438
Total Loans Held For Investment	454,911,501		444,920,095
Loans Held For Sale	3,750,815		1,781,985
Total Loans Receivable, Gross	$	458,662,316	$	446,702,080
Less:
Allowance For Loan Losses	8,753,539		9,171,717
Loans in Process	7,976,939		7,225,271
Deferred Loan Fees	356,170		251,575
	17,086,648		16,648,563
Total Loans Receivable, Net	$	441,575,668	$	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 June 30, 2019 and December 31, 2018.



June 30, 2019	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	77,215,699	$	4,408,390	$	1,258,332	$	3,460,040	$	86,342,461
Consumer	45,116,336		8,043,951		476,096		1,851,598		55,487,981
Commercial Business	22,838,747		5,210,616		329,530		265,718		28,644,611
Commercial Real Estate	211,766,521		51,632,311		16,617,403		4,420,213		284,436,448
Total	$	356,937,303	$	69,295,268	$	18,681,361	$	9,997,569	$	454,911,501



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 June 30, 2019 and December 31, 2018:



	June 30, 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	$	317,819	$	—	$	55,844	$	373,663	$	85,968,798	$	86,342,461
Consumer	346,110		170,596		44,051		560,757		54,927,224		55,487,981
Commercial Business	60,945		35,448		42,968		139,361		28,505,250		28,644,611
Commercial Real Estate	1,576,388		16,509		2,071,736		3,664,633		280,771,815		284,436,448
Total	$	2,301,262	$	222,553	$	2,214,599	$	4,738,414	$	450,173,087	$	454,911,501



	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]

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
June 30, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,125,812	$	1,125,812
Consumer	71,301		1,021,026		1,092,327
Commercial Business	—		896,843		896,843
Commercial Real Estate	565,000		5,073,557		5,638,557
Total	$	636,301	$	8,117,238	$	8,753,539



	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



	Loans Receivable
June 30, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	1,142,166	$	85,200,295	$	86,342,461
Consumer	206,117		55,281,864		55,487,981
Commercial Business	72,407		28,572,204		28,644,611
Commercial Real Estate	3,380,756		281,055,692		284,436,448
Total	$	4,801,446	$	450,110,055	$	454,911,501



	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