CASH 2017 Annual Report

113 NOTE 3. LOANS RECEIVABLE, NET Year-end loans receivable were as follows: September 30, 2017 September 30, 2016 (Dollars in Thousands) 1-4 Family Real Estate $ 196,706 $ 162,298 Commercial and Multi-Family Real Estate 585,510 422,932 Agricultural Real Estate 61,800 63,612 Consumer 163,004 37,094 Commercial Operating 35,759 31,271 Agricultural Operating 33,594 37,083 Premium Finance 250,459 171,604 Total Loans Receivable 1,326,832 925,894 Allowance for Loan Losses (7,534) (5,635) Net Deferred Loan Origination Fees (1,461) (789) Total Loans Receivable, Net $ 1,317,837 $ 919,470 Annual activity in the allowance for loan losses was as follows: Year ended September 30, 2017 2016 2015 (Dollars in Thousands) Beginning balance $ 5,635 $ 6,255 $ 5,397 Provision for loan losses 10,589 4,605 1,465 Recoveries 307 147 123 Charge offs (8,997) (5,372) (730) Ending balance $ 7,534 $ 5,635 $ 6,255