Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2020

Loans Receivable, Net [Abstract] (Deprecated 2019-01-31)

Financing Receivable, Nonaccrual [Table Text Block]

8. Loans Receivable, Net, Continued

The following table shows non-accrual loans by category at March 31, 2020 compared to December 31, 2019:



	March 31, 2020				December 31, 2019				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	1,773,173	0.4	%	$	1,520,485	0.3	%	$	252,688		16.6%
Consumer	402,084		0.1		319,280		0.1		82,804			25.9
Commercial Business	278,817		0.1		122,605		—		156,212			127.4
Commercial Real Estate	1,341,406		0.3		1,474,036		0.3		(132,630		)	(9.0)
Total Non-accrual Loans	$	3,795,480	0.9	%	$	3,436,406	0.7	%	$	359,074		10.4%

^{(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 March 31, 2020 and December 31, 2019 and for the three months ended March 31, 2020 and 2019. There was no allowance recorded related to any impaired loans at March 31, 2020 and December 31, 2019.



	March 31, 2020						December 31, 2019
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	1,175,502	$	1,175,502	$	—	$	1,086,433	$	1,086,433	$	—
Consumer	180,171		188,471		—		184,402		192,702		—
Commercial Business	64,406		959,406		—		64,406		959,406		—
Commercial Real Estate	1,854,023		2,026,242		—		1,894,642		2,066,862		—
Total	$	3,274,102	$	4,349,621	$	—	$	3,229,883	$	4,305,403	$	—



	Three Months Ended March 31,
	2020				2019
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	1,185,056	$	1,195	$	1,361,079	$	—
Consumer	182,282		—		984,528		—
Commercial Business	64,406		—		77,206		—
Commercial Real Estate	1,874,528		15,560		2,884,732		14,247
With an Allowance Recorded:
Consumer	—		—		72,651		—
Commercial Real Estate	—		—		1,319,274		—
Total
Residential Real Estate	1,185,056		1,195		1,361,079		—
Consumer	182,282		—		1,057,179		—
Commercial Business	64,406		—		77,206		—
Commercial Real Estate	1,874,528		15,560		4,204,006		14,247
Total	$	3,306,272	$	16,755	$	6,699,470	$	14,247

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] (Deprecated 2019-01-31)

The following tables show the activity in the allowance for loan losses by category for the three months ended March 31, 2020 and 2019:



	Three Months Ended March 31, 2020
	Residential Real Estate		Consumer			Commercial Business			Commercial Real Estate		Total
Beginning Balance	$	1,390,594	$	1,210,849		$	544,764		$	6,079,367	$	9,225,574
Provision for Loan Losses	79,144		141,944			103,002			375,910		700,000
Charge-Offs	—		(47,107		)	(35,048		)	—		(82,155		)
Recoveries	600		22,599			—			5,220		28,419
Ending Balance	$	1,470,338	$	1,328,285		$	612,718		$	6,460,497	$	9,871,838



	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

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, 2020		December 31, 2019
Residential Real Estate Loans	$	86,708,745	$	86,404,304
Consumer Loans	59,064,397		56,331,013
Commercial Business Loans	24,221,626		22,234,189
Commercial Real Estate Loans	305,483,071		303,550,905
Total Loans Held For Investment	475,477,839		468,520,411
Loans Held For Sale	5,408,570		3,990,606
Total Loans Receivable, Gross	$	480,886,409	$	472,511,017
Less:
Allowance For Loan Losses	9,871,838		9,225,574
Loans in Process	10,622,153		9,957,140
Deferred Loan Fees	425,908		469,568
	20,919,899		19,652,282
Total Loans Receivable, Net	$	459,966,510	$	452,858,735

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, 2020 and December 31, 2019.



March 31, 2020	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	76,650,860	$	5,302,605	$	1,060,055	$	3,695,225	$	86,708,745
Consumer	45,658,549		10,769,030		780,448		1,856,370		59,064,397
Commercial Business	18,275,291		5,074,669		438,534		433,132		24,221,626
Commercial Real Estate	236,711,024		52,122,797		14,162,480		2,486,770		305,483,071
Total	$	377,295,724	$	73,269,101	$	16,441,517	$	8,471,497	$	475,477,839



December 31, 2019	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	76,674,539	$	4,612,182	$	1,155,802	$	3,961,781	$	86,404,304
Consumer	44,294,400		9,617,301		624,248		1,795,064		56,331,013
Commercial Business	16,140,592		5,486,393		301,462		305,742		22,234,189
Commercial Real Estate	230,810,756		56,025,352		14,285,015		2,429,782		303,550,905
Total	$	367,920,287	$	75,741,228	$	16,366,527	$	8,492,369	$	468,520,411

Financing Receivable, Past Due [Table Text Block]

The following tables present an age analysis of past due balances by loan category at March 31, 2020 and December 31, 2019:



	March 31, 2020
	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	$	493,064	$	—	$	706,590	$	1,199,654	$	85,509,091	$	86,708,745
Consumer	386,364		198,759		95,369		680,492		58,383,905		59,064,397
Commercial Business	751,042		23,257		169,506		943,805		23,277,821		24,221,626
Commercial Real Estate	4,508,722		138,935		1,226,852		5,874,509		299,608,562		305,483,071
Total	$	6,139,192	$	360,951	$	2,198,317	$	8,698,460	$	466,779,379	$	475,477,839



	December 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	$	—	$	355,290	$	144,209	$	499,499	$	85,904,805	$	86,404,304
Consumer	422,443		217,542		81,736		721,721		55,609,292		56,331,013
Commercial Business	147,959		76,515		20,316		244,790		21,989,399		22,234,189
Commercial Real Estate	3,849,424		—		1,352,716		5,202,140		298,348,765		303,550,905
Total	$	4,419,826	$	649,347	$	1,598,977	$	6,668,150	$	461,852,261	$	468,520,411

Financing Receivable, Allowance for Credit Loss [Table Text Block]



	Loans Receivable
March 31, 2020	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	1,175,502	$	85,533,243	$	86,708,745
Consumer	180,171		58,884,226		59,064,397
Commercial Business	64,406		24,157,220		24,221,626
Commercial Real Estate	1,854,023		303,629,048		305,483,071
Total	$	3,274,102	$	472,203,737	$	475,477,839



	Loans Receivable
December 31, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	1,086,433	$	85,317,871	$	86,404,304
Consumer	184,402		56,146,611		56,331,013
Commercial Business	64,406		22,169,783		22,234,189
Commercial Real Estate	1,894,642		301,656,263		303,550,905
Total	$	3,229,883	$	465,290,528	$	468,520,411

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, 2020	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,470,338	$	1,470,338
Consumer	—		1,328,285		1,328,285
Commercial Business	—		612,718		612,718
Commercial Real Estate	—		6,460,497		6,460,497
Total	$	—	$	9,871,838	$	9,871,838



	Allowance For Loan Losses
December 31, 2019	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,390,594	$	1,390,594
Consumer	—		1,210,849		1,210,849
Commercial Business	—		544,764		544,764
Commercial Real Estate	—		6,079,367		6,079,367
Total	$	—	$	9,225,574	$	9,225,574