XML 56 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Real Estate Owned (Tables)
 6 Months Ended
Mar. 31, 2015
Real Estate [Abstract]  
Other Real Estate, Non-Covered, Roll Forward
Non-covered real estate owned:
 
 
 
 
Six Months Ended March 31, 2015
 
Year Ended September 30, 2014
Balance, beginning of period
$
1,757,864

 
$
1,615,036

Real estate acquired through foreclosure of loans receivable
958,458

 
2,121,865

Proceeds from real estate sold
(1,955,970
)
 
(2,161,103
)
Write down of real estate owned
(31,300
)
 
(268,696
)
Gain on sale of real estate owned
102,257

 
80,762

Transfer of previously covered non-single family OREO (1)
167,006

 
420,000

Gain on real estate sold payable to the FDIC (2)
145,797

 
—

Principal reductions
—

 
(50,000
)
Balance, end of period
$
1,144,112

 
$
1,757,864


__________________________________
(1)
Transfer of OREO upon the expiration of the MCB and NCB non-single family loss sharing agreements with the FDIC in March 2015 and June 2014, respectively.
(2)
A percentage of the gain on the sale of OREO transferred from covered to non-covered upon the expiration of the MCB and NCB non-single family loss sharing agreements must be shared with the FDIC.
Other Real Estate, Covered, Roll Forward
Covered real estate owned:
 
 
 
 
Six Months Ended March 31, 2015
 
Year Ended September 30, 2014
Balance, beginning of period
$
5,557,927

 
$
14,068,846

Real estate acquired through foreclosure of loans receivable
1,489,028

 
4,405,516

Proceeds from real estate sold
(3,235,758
)
 
(12,348,078
)
Gain on real estate sold recognized in noninterest expense
132,592

 
217,408

Gain on real estate sold payable to the FDIC
604,407

 
1,349,676

Provision for losses on real estate owned recognized in noninterest expense
(188,706
)
 
(254,408
)
Increase of FDIC receivable for loss sharing agreements
(789,792
)
 
(1,330,943
)
Principal reductions
(59,308
)
 
(130,090
)
Transfer of previously covered non-single family OREO (1)
(167,006
)
 
(420,000
)
Balance, end of period
$
3,343,384

 
$
5,557,927

__________________________________
(1)
Transfer of OREO upon the expiration of the MCB and NCB non-single family loss sharing agreements with the FDIC in March 2015 and June 2014, respectively.