Loans Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2019

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

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



	September 30, 2019				December 31, 2018				Increase (Decrease)
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		$			%
Non-accrual Loans:
Residential Real Estate	$	1,375,320	0.3	%	$	2,084,870	0.5	%	$	(709,550	)	(34.0)%
Consumer	326,972		0.1		1,274,673		0.3		(947,701		)	(74.3)
Commercial Business	124,791		—		124,458		—		333			0.3
Commercial Real Estate	2,254,125		0.5		3,564,494		0.8		(1,310,369		)	(36.8)
Total Non-accrual Loans	$	4,081,208	0.9	%	$	7,048,495	1.6	%	$	(2,967,287	)	(42.1)%

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



	September 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	$	1,125,232	$	1,125,232	$	—	$	1,700,861	$	1,700,861	$	—
Consumer	132,538		140,838		—		986,380		994,680		—
Commercial Business	64,406		959,406		—		77,206		972,206		—
Commercial Real Estate	2,003,894		2,296,850		—		5,084,458		6,116,761		—
With an Allowance Recorded:
Consumer	—		—		—		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	1,125,232		1,125,232		—		1,700,861		1,700,861		—
Consumer	132,538		140,838		—		1,060,042		1,068,342		73,662
Commercial Business	64,406		959,406		—		77,206		972,206		—
Commercial Real Estate	3,000,884		3,693,840		565,000		6,526,016		7,558,319		665,000
Total	$	4,323,060	$	5,919,316	$	565,000	$	9,364,125	$	11,299,728	$	738,662

8. Loans Receivable, Net, Continued



	Three Months Ended September 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	$	1,133,768	$	—	$	1,967,761	$	—
Consumer	204,782		—		957,392		—
Commercial Business	70,406		—		78,206		—
Commercial Real Estate	2,320,973		14,377		9,926,344		42,699
With an Allowance Recorded:
Commercial Real Estate	996,990		—		—		—
Total
Residential Real Estate	1,133,768		—		1,967,761		—
Consumer	204,782		—		957,392		—
Commercial Business	70,406		—		78,206		—
Commercial Real Estate	3,317,963		14,377		9,926,344		42,699
Total	$	4,726,919	$	14,377	$	12,929,703	$	42,699



	Nine Months Ended September 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	$	1,336,122	$	—	$	2,407,872	$	10,585
Consumer	1,052,347		—		1,043,893		—
Commercial Business	73,526		—		87,284		—
Commercial Real Estate	2,830,359		42,709		10,495,262		162,763
With an Allowance Recorded:
Commercial Real Estate	1,125,904		—		—		—
Total
Residential Real Estate	1,336,122		—		2,407,872		10,585
Consumer	1,052,347		—		1,043,893		—
Commercial Business	73,526		—		87,284		—
Commercial Real Estate	3,956,263		42,709		10,495,262		162,763
Total	$	6,418,258	$	42,709	$	14,034,311	$	173,348

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, 2019 and 2018:



	Three Months Ended September 30, 2019
	Residential Real Estate		Consumer			Commercial Business			Commercial Real Estate		Total
Beginning Balance	$	1,125,812	$	1,092,327		$	896,843		$	5,638,557	$	8,753,539
Provision for Loan Losses	15,059		8,207			(136,254		)	187,988		75,000
Charge-Offs	—		(102,273		)	—			—		(102,273		)
Recoveries	600		25,289			549			5,934		32,372
Ending Balance	$	1,141,471	$	1,023,550		$	761,138		$	5,832,479	$	8,758,638



	Nine Months Ended September 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	(20,899		)	82,715			(176,443		)	289,627			175,000
Charge-Offs	(34,599		)	(367,753		)	(1,132		)	(428,164		)	(831,648		)
Recoveries	5,526			104,995			15,113			117,935			243,569
Ending Balance	$	1,141,471		$	1,023,550		$	761,138		$	5,832,479		$	8,758,638



	Three Months Ended September 30, 2018
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,309,069		$	1,213,774		$	1,077,433		$	5,010,900		$	8,611,176
Provision for Loan Losses	128,753			(21,106		)	(144,996		)	187,349			150,000
Charge-Offs	(27,489		)	(27,181		)	—			(117,822		)	(172,492		)
Recoveries	—			8,519			—			4,875			13,394
Ending Balance	$	1,410,333		$	1,174,006		$	932,437		$	5,085,302		$	8,602,078



	Nine Months Ended September 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	217,702			51,275			(46,272		)	(72,705		)	150,000
Charge-Offs	(41,419		)	(118,207		)	(32,518		)	(127,712		)	(319,856		)
Recoveries	207			96,123			—			453,986			550,316
Ending Balance	$	1,410,333		$	1,174,006		$	932,437		$	5,085,302		$	8,602,078

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, 2019		December 31, 2018
Residential Real Estate	$	85,770,830	$	83,965,416
Consumer	55,265,561		56,907,555
Commercial Business	26,925,440		28,086,686
Commercial Real Estate	299,354,651		275,960,438
Total Loans Held For Investment	467,316,482		444,920,095
Loans Held For Sale	3,682,876		1,781,985
Total Loans Receivable, Gross	$	470,999,358	$	446,702,080
Less:
Allowance For Loan Losses	8,758,638		9,171,717
Loans in Process	8,169,557		7,225,271
Deferred Loan Fees	429,668		251,575
	17,357,863		16,648,563
Total Loans Receivable, Net	$	453,641,495	$	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 September 30, 2019 and December 31, 2018.



September 30, 2019	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	76,539,946	$	4,267,222	$	744,155	$	4,219,507	$	85,770,830
Consumer	43,907,321		8,968,651		513,664		1,875,925		55,265,561
Commercial Business	21,827,500		4,425,501		345,998		326,441		26,925,440
Commercial Real Estate	228,561,878		53,711,353		13,198,173		3,883,247		299,354,651
Total	$	370,836,645	$	71,372,727	$	14,801,990	$	10,305,120	$	467,316,482



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 September 30, 2019 and December 31, 2018:



	September 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	$	—	$	803,055	$	393,183	$	1,196,238	$	84,574,592	$	85,770,830
Consumer	408,637		186,571		70,458		665,666		54,599,895		55,265,561
Commercial Business	104,213		51,709		1,797		157,719		26,767,721		26,925,440
Commercial Real Estate	1,006,503		—		1,716,611		2,723,114		296,631,537		299,354,651
Total	$	1,519,353	$	1,041,335	$	2,182,049	$	4,742,737	$	462,573,745	$	467,316,482



	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
September 30, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	1,125,232	$	84,645,598	$	85,770,830
Consumer	132,538		55,133,023		55,265,561
Commercial Business	64,406		26,861,034		26,925,440
Commercial Real Estate	3,000,884		296,353,767		299,354,651
Total	$	4,323,060	$	462,993,422	$	467,316,482



	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
September 30, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,141,471	$	1,141,471
Consumer	—		1,023,550		1,023,550
Commercial Business	—		761,138		761,138
Commercial Real Estate	565,000		5,267,479		5,832,479
Total	$	565,000	$	8,193,638	$	8,758,638



	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