Loans (Tables)

12 Months Ended

Jun. 30, 2017

Loans

Summary of loans

	2017		2016
Commercial:
Operating	$	20,139,045	$	15,355,676
Real estate		86,809,938		67,698,929
Agricultural:
Operating		26,739,407		22,942,560
Real estate		31,105,790		24,965,541
Residential real estate:
1-4 family		43,060,013		40,309,797
Home equity		11,748,363		12,644,624
Other:
Construction and land		16,175,698		13,210,393
Consumer		3,674,674		3,566,917
Total loans		239,452,928		200,694,437
Deferred loan origination costs, net		647,197		562,483
Allowance for loan losses		(3,555,000)		(2,947,000)
		(2,907,803)		(2,384,517)
Loans, net	$	236,545,125	$	198,309,920

Summary of changes in the allowance for loan losses by portfolio segment

					Residential
	Commercial		Agricultural		Real Estate		Other		Total
	2017
Balance, beginning	$	1,337,000	$	738,000	$	655,000	$	217,000	$	2,947,000
Provision charged to expense		396,291		180,000		(1,432)		69,170		644,029
Recoveries		24,511		—		2,620		3,208		30,339
Loans charged off		(54,802)		—		(188)		(11,378)		(66,368)
Balance, ending	$	1,703,000	$	918,000	$	656,000	$	278,000	$	3,555,000

					Residential
	Commercial		Agricultural		Real Estate		Other		Total
	2016
Balance, beginning	$	1,124,000	$	697,000	$	644,000	$	118,000	$	2,583,000
Provision charged to expense		118,418		41,000		9,416		106,190		275,024
Recoveries		94,582		—		1,584		5,551		101,717
Loans charged off		—		—		—		(12,741)		(12,741)
Balance, ending	$	1,337,000	$	738,000	$	655,000	$	217,000	$	2,947,000

Summary of allowance for loan losses by impairment evaluation and portfolio segment

							Residential
	Commercial			Agricultural			Real Estate			Other			Total
	2017
Allowance for loans individually evaluated for impairment	$	6,487		$	17,973		$	29,271		$	1,949		$	55,680
Allowance for loans collectively evaluated for impairment		1,696,513			900,027			626,729			276,051			3,499,320
	$	1,703,000		$	918,000		$	656,000		$	278,000		$	3,555,000
Loans individually evaluated for impairment	$	870,377		$	864,357		$	3,142,020		$	20,408		$	4,897,162
Loans collectively evaluated for impairment		106,078,606			56,980,840			51,666,356			19,829,964			234,555,766
	$	106,948,983		$	57,845,197		$	54,808,376		$	19,850,372		$	239,452,928
Allowance as a percentage of loans individually evaluated for impairment		0.75	%		2.08	%		0.93	%		9.55	%		1.14	%
Allowance as a percentage of loans collectively evaluated for impairment		1.60	%		1.58	%		1.21	%		1.39	%		1.49	%
Allowance as a percentage of total loans evaluated for impairment		1.59	%		1.59	%		1.20	%		1.40	%		1.48	%

							Residential
	Commercial			Agricultural			Real Estate			Other			Total
	2016
Allowance for loans individually evaluated for impairment	$	34,975		$	—		$	17,828		$	—		$	52,803
Allowance for loans collectively evaluated for impairment		1,302,025			738,000			637,172			217,000			2,894,197
	$	1,337,000		$	738,000		$	655,000		$	217,000		$	2,947,000
Loans individually evaluated for impairment	$	227,824		$	885,757		$	3,726,602		$	3,194		$	4,843,377
Loans collectively evaluated for impairment		82,826,781			47,022,344			49,227,819			16,774,116			195,851,060
	$	83,054,605		$	47,908,101		$	52,954,421		$	16,777,310		$	200,694,437
Allowance as a percentage of loans individually evaluated for impairment		15.35	%		—	%		0.48	%		—	%		1.09	%
Allowance as a percentage of loans collectively evaluated for impairment		1.57	%		1.57	%		1.29	%		1.29	%		1.48	%
Allowance as a percentage of total loans evaluated for impairment		1.61	%		1.54	%		1.24	%		1.29	%		1.47	%

Summary of aging in terms of unpaid balance of the loan portfolio by classes of loans

										> 90 days
				31-60 days			61-90 days			Past Due						Non accrual
	Current			Past Due			Past Due			(Nonaccrual)			Total			Loans
	2017
Classes of loans:
Commercial:
Operating	$	20,072,350		$	33,060		$	13,240		$	20,395		$	20,139,045		$	154,671
Real estate		86,809,938			—			—			—			86,809,938			640,881
Agricultural:
Operating		26,699,805			32,754			—			6,848			26,739,407			6,848
Real estate		30,263,281			47,900			—			794,609			31,105,790			857,509
Residential real estate:
1-4 family		42,722,767			164,549			—			172,697			43,060,013			675,197
Home equity		11,748,363			—			—			—			11,748,363			22,649
Other:
Construction and land		16,175,698			—			—			—			16,175,698			—
Consumer		3,670,927			—			3,747			—			3,674,674			24,124
	$	238,163,129		$	278,263		$	16,987		$	994,549		$	239,452,928		$	2,381,879
As a percentage of total loan portfolio		99.45	%		0.12	%		0.01	%		0.42	%		100.00	%		0.99	%

										> 90 days
				31-60 days			61-90 days			Past Due						Non accrual
	Current			Past Due			Past Due			(Nonaccrual)			Total			Loans
	2016
Classes of loans:
Commercial:
Operating	$	15,256,328		$	99,348		$	—		$	—		$	15,355,676		$	97,294
Real estate		67,606,842			—			—			92,087			67,698,929			92,087
Agricultural:
Operating		22,318,246			624,314			—			—			22,942,560			6,848
Real estate		24,965,541			—			—			—			24,965,541			877,909
Residential real estate:
1-4 family		38,428,793			1,823,353			23,736			33,915			40,309,797			688,454
Home equity		12,644,624			—			—			—			12,644,624			29,807
Other:
Construction and land		13,210,393			—			—			—			13,210,393			—
Consumer		3,563,221			1,294			—			2,402			3,566,917			7,248
	$	197,993,988		$	2,548,309		$	23,736		$	2,402		$	200,694,437		$	1,799,647
As a percentage of total loan portfolio		98.66	%		1.27	%		0.01	%		0.06	%		100.00	%		0.90	%

Summary of unpaid principal balance by credit quality indicator

									Other —
	Commercial —		Commercial —		Agricultural —		Agricultural —		Construction
	Operating		Real Estate		Operating		Real Estate		and Land		Total
	2017
Internally assigned risk rating:
Highest Quality (rating 1)	$	—	$	—	$	324,038	$	326,045	$	—	$	650,083
Good Quality (rating 2)		177,795		6,638,998		5,185,147		3,541,630		2,868,632		18,412,202
Acceptable Quality (rating 3)		8,470,283		44,240,531		9,271,425		12,354,765		10,426,245		84,763,249
Fair Quality (rating 4)		11,313,276		31,603,455		11,489,750		13,116,352		2,880,821		70,403,654
Special Mention (rating 5)		—		1,948,017		403,234		—		—		2,351,251
Substandard (rating 6)		177,691		2,378,937		65,813		1,766,998		—		4,389,439
Doubtful (rating 7)		—		—		—		—		—		—
Loss (rating 8)		—		—		—		—		—		—
	$	20,139,045	$	86,809,938	$	26,739,407	$	31,105,790	$	16,175,698	$	180,969,878

									Other —
	Commercial —		Commercial —		Agricultural —		Agricultural —		Construction
	Operating		Real Estate		Operating		Real Estate		and Land		Total
	2016
Internally assigned risk rating:
Highest Quality (rating 1)	$	—	$	—	$	484,813	$	348,011	$	—	$	832,824
Good Quality (rating 2)		213,824		4,923,002		5,510,208		6,173,479		1,987,892		18,808,405
Acceptable Quality (rating 3)		7,732,341		33,606,696		5,992,063		9,729,301		6,675,761		63,736,162
Fair Quality (rating 4)		7,294,630		28,578,771		9,604,176		7,836,841		4,546,740		57,861,158
Special Mention (rating 5)		—		—		829,738		—		—		829,738
Substandard (rating 6)		114,881		590,460		521,562		877,909		—		2,104,812
Doubtful (rating 7)		—		—		—		—		—		—
Loss (rating 8)		—		—		—		—		—		—
	$	15,355,676	$	67,698,929	$	22,942,560	$	24,965,541	$	13,210,393	$	144,173,099

	Residential RE —		Residential RE —		Other —
	1-4 Family		Home Equity		Consumer		Total
	2017
Delinquency status*:
Performing	$	42,220,268	$	11,725,714	$	3,650,519	$	57,596,501
Nonperforming		839,745		22,649		24,155		886,549
	$	43,060,013	$	11,748,363	$	3,674,674	$	58,483,050

	Residential RE —		Residential RE —		Other —
	1-4 Family		Home Equity		Consumer		Total
	2016
Delinquency status*:
Performing	$	37,832,838	$	12,614,817	$	3,558,375	$	54,006,030
Nonperforming		2,476,959		29,807		8,542		2,515,308
	$	40,309,797	$	12,644,624	$	3,566,917	$	56,521,338

*     Performing loans are those which are accruing and less than 31 days past due. Nonperforming loans are those on nonaccrual and accruing loans that are greater than or equal to 31 days past due.

Summary of loans, by classes of loans, considered to be impaired

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
	2017
Classes of loans:
Impaired loans with no specific allowance recorded:
Commercial:
Operating	$	164,823	$	164,128	$	—	$	163,276	$	10,709
Real estate		643,226		640,881		—		321,613		14,232
Agricultural:
Operating		7,503		6,848		—		7,256		—
Real estate		432,468		371,452		—		437,100		—
Residential real estate:
1-4 family		2,448,574		2,439,137		—		2,523,171		142,377
Home equity		7,880		7,868		—		8,712		584
		3,704,474		3,630,314		—		3,461,128		167,902
Impaired loans with specific allowance recorded:
Commercial:
Operating		65,701		65,369		6,487		40,279		3,037
Agricultural:
Real estate		525,068		486,056		17,973		511,830		951
Residential real estate:
1-4 family		695,327		679,474		28,857		699,391		18,137
Home equity		15,553		15,541		414		16,717		1,240
Other:
Consumer		20,433		20,408		1,949		23,116		1,213
		1,322,082		1,266,848		55,680		1,291,333		24,578
Total impaired loans:
Commercial:
Operating		230,524		229,497		6,487		203,555		13,746
Real estate		643,226		640,881		—		321,613		14,232
Agricultural:
Operating		7,503		6,848		—		7,256		—
Real estate		957,536		857,508		17,973		948,930		951
Residential real estate:
1-4 family		3,143,901		3,118,611		28,857		3,222,562		160,514
Home equity		23,433		23,409		414		25,429		1,824
Other:
Consumer		20,433		20,408		1,949		23,116		1,213
	$	5,026,556	$	4,897,162	$	55,680	$	4,752,461	$	192,480

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
	2016
Classes of loans:
Impaired loans with no specific allowance recorded:
Commercial:
Operating	$	88,902	$	87,497	$	—	$	57,873	$	4,560
Agricultural:
Operating		8,009		7,848		—		117,809		21,178
Real estate		925,288		877,909		—		834,054		15,344
Residential real estate:
1-4 family		3,330,310		3,320,028		—		3,382,528		185,997
Home equity		59,336		59,123		—		61,455		3,962
Other:
Consumer		3,756		3,194		—		5,158		254
		4,415,601		4,355,599		—		4,458,877		231,295
Impaired loans with specific allowance recorded:
Commercial:
Operating		48,302		48,240		4,824		52,274		2,266
Real estate		114,837		92,087		30,151		171,863		—
Residential real estate:
1-4 family		330,997		329,623		16,913		336,629		19,949
Home equity		17,882		17,828		915		18,971		1,405
		512,018		487,778		52,803		579,737		23,620
Total impaired loans:
Commercial:
Operating		137,204		135,737		4,824		110,147		6,826
Real estate		114,837		92,087		30,151		171,863		—
Agricultural:
Operating		8,009		7,848		—		117,809		21,178
Real estate		925,288		877,909		—		834,054		15,344
Residential real estate:
1-4 family		3,661,307		3,649,651		16,913		3,719,157		205,946
Home equity		77,218		76,951		915		80,426		5,367
Other:
Consumer		3,756		3,194		—		5,158		254
	$	4,927,619	$	4,843,377	$	52,803	$	5,038,614	$	254,915

Summary of the number and recorded investment of troubled debt restructurings ("TDRs")

	June 30, 2017
	Number	Recorded
	of TDRs	Investment
Concession — Extension of maturity:
Commercial:
Operating	10	$	177,272
Real estate	1		643,226
Agricultural:
Real estate	7		775,731
Residential real estate:
1-4 family	28		1,370,885
Home equity	2		7,881
	48	$	2,974,995
Concession — Reduction of interest rate below market:
Commercial:
Operating	1	$	39,836
Residential real estate:
1-4 family	48		1,637,621
Home equity	1		15,553
	50	$	1,693,010
Total:
Commercial:
Operating	11	$	217,108
Real estate	1		643,226
Agricultural:
Real estate	7		775,731
Residential real estate:
1-4 family	76		3,008,506
Home equity	3		23,434
	98	$	4,668,005

	June 30, 2016
	Number	Recorded
	of TDRs	Investment
Concession — Extension of maturity:
Commercial:
Operating	5	$	76,088
Real estate	2		103,462
Agricultural:
Operating	1		1,000
Real estate	7		732,633
Residential real estate:
1-4 family	36		1,769,362
Home equity	4		59,336
Other:
Consumer	1		3,756
	56	$	2,745,637
Concession — Reduction of interest rate below market:
Commercial:
Operating	1	$	48,302
Residential real estate:
1-4 family	48		1,722,564
Home equity	1		17,882
	50	$	1,788,748
Total:
Commercial:
Operating	6	$	124,390
Real estate	2		103,462
Agricultural:
Operating	1		1,000
Real estate	7		732,633
Residential real estate:
1-4 family	84		3,491,926
Home equity	5		77,218
Other:
Consumer	1		3,756
	106	$	4,534,385

Summary of the number and investment in TDRs by type of concession that were restructured

	Number	Recorded
For the year ended June 30, 2017	of TDRs	Investment
Concession — Extension of maturity:
Commercial:
Operating	3	$	77,919
Real estate	1		643,226
Residential real estate:
1-4 family	1		128,075
	5	$	849,220
Total:
Commercial:
Operating	3	$	77,919
Real estate	1		643,226
Residential real estate:
1-4 family	1		128,075
	5	$	849,220

	Number	Recorded
For the year ended June 30, 2016	of TDRs	Investment
Concession — Extension of maturity:
Commercial:
Operating	2	$	65,085
Agricultural:
Operating	1		1,000
Real estate	6	$	483,556
Residential real estate:
1-4 family	3	$	268,490
	12	$	818,131
Total:
Commercial:
Operating	2	$	65,085
Agricultural:
Operating	1		1,000
Real estate	6	$	483,556
Residential real estate:
1-4 family	3	$	268,490
	12	$	818,131