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Loans Receivable Held for Investment (Tables)
 12 Months Ended
Dec. 31, 2013
Loans Receivable Held for Investment  
Activity in the Allowance for Loan Losses by Portfolio Segment

 

 
   For the year ended December 31, 2013  
 
   One-to-
four units		   Five or
more units		   Commercial
real estate		   Church   Construction   Commercial   Consumer   Total  
 
   (In thousands)
  

Beginning balance

   $ 2,060   $ 2,122   $ 2,685   $ 4,818   $ 8   $ 167   $ 9   $ 11,869  

Provision for loan losses

     (210 )   265     (148 )   876     (1 )   (365 )   (3 )   414  

Recoveries

     300     -     116     25     -     253     -     694  

Loans charged off

     (220 )   (661 )   (1,180 )   (770 )   -     -     -     (2,831 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ending balance

   $ 1,930   $ 1,726   $ 1,473   $ 4,949   $ 7   $ 55   $ 6   $ 10,146  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   


 

 
   For the year ended December 31, 2012  
 
   One-to-
four units		   Five or
more units		   Commercial
real estate		   Church   Construction   Commercial   Consumer   Total  
 
   (In thousands)
  

Beginning balance

   $ 4,855   $ 2,972   $ 3,108   $ 5,742   $ 249   $ 316   $ 57   $ 17,299  

Provision for loan losses

     2,318     (747 )   61     415     (241 )   (561 )   (55 )   1,190  

Recoveries

     25     1     60     15     -     412     7     520  

Loans charged off

     (5,138 )   (104 )   (544 )   (1,354 )   -     -     -     (7,140 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ending balance

   $ 2,060   $ 2,122   $ 2,685   $ 4,818   $ 8   $ 167   $ 9   $ 11,869  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   
Allowance for Loan Losses and Recorded Investment in Loans By Portfolio Segment and Based on Impairment Method

 

 

 
   December 31, 2013  
 
   One-to-
four units		   Five or
more units		   Commercial
real estate		   Church   Construction   Commercial   Consumer   Total  
 
   (In thousands)
  

Allowance for loan losses:

                                                  

Ending allowance balance attributable to loans:

                                                  

Individually evaluated for impairment

   $ 382   $ 143   $ 206   $ 1,444   $ -   $ 12   $ -   $ 2,187  

Collectively evaluated for impairment

     1,548     1,583     1,267     3,505     7     43     6     7,959  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total ending allowance balance

   $ 1,930   $ 1,726   $ 1,473   $ 4,949   $ 7   $ 55   $ 6   $ 10,146  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Loans:

                                                  

Loans individually evaluated for impairment

   $ 3,053   $ 4,163   $ 4,894   $ 21,243   $ -   $ 150   $ -   $ 33,503  

Loans collectively evaluated for impairment

     43,406     109,105     21,803     46,691     424     1,917     38     223,384  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total ending loans balance

   $ 46,459   $ 113,268   $ 26,697   $ 67,934   $ 424   $ 2,067   $ 38   $ 256,887  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   


 

 
   December 31, 2012  
 
   One-to-
four units		   Five or
more units		   Commercial
real estate		   Church   Construction   Commercial   Consumer   Total  
 
   (In thousands)
  

Allowance for loan losses:

                                                  

Ending allowance balance attributable to loans:

                                                  

Individually evaluated for impairment

   $ 719   $ 125   $ 543   $ 1,276   $ -   $ 69   $ -   $ 2,732  

Collectively evaluated for impairment

     1,341     1,997     2,142     3,542     8     98     9     9,137  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total ending allowance balance

   $ 2,060   $ 2,122   $ 2,685   $ 4,818   $ 8   $ 167   $ 9   $ 11,869  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Loans:

                                                  

Loans individually evaluated for impairment

   $ 4,576   $ 3,766   $ 10,364   $ 25,328   $ 273   $ 69   $ -   $ 44,376  

Loans collectively evaluated for impairment

     53,157     79,584     30,760     50,926     462     3,826     35     218,750  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total ending loans balance

   $ 57,733   $ 83,350   $ 41,124   $ 76,254   $ 735   $ 3,895   $ 35   $ 263,126  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   
Loans Individually Evaluated for Impairment by Type of Loans

 

 

 
   December 31, 2013   December 31, 2012  
 
   Unpaid
Principal
Balance		   Recorded
Investment		   Allowance
for Loan
Losses
Allocated		   Unpaid
Principal
Balance		   Recorded
Investment		   Allowance
for Loan
Losses
Allocated		  
 
   (In thousands)
  

With no related allowance recorded:

                                      

One-to-four units

   $ 2,114   $ 1,441   $ -   $ 1,986   $ 1,484   $ -  

Five or more units

     2,690     2,598     -     2,038     1,819     -  

Commercial real estate

     4,867     1,391     -     10,184     6,423     -  

Church

     11,806     8,446     -     18,664     15,689     -  

Construction

     -     -     -     279     273     -  

Commercial:

                                      

Sports

     3,850     -     -     3,888     -     -  

With an allowance recorded:

                                      

One-to-four units

     1,612     1,612     382     3,092     3,092     719  

Five or more units

     1,578     1,565     143     1,947     1,947     125  

Commercial real estate

     3,503     3,503     206     3,941     3,941     543  

Church

     12,862     12,797     1,444     9,677     9,639     1,276  

Commercial:

                                      

Other

     150     150     12     69     69     69  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 45,032   $ 33,503   $ 2,187   $ 55,765   $ 44,376   $ 2,732  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Average of Individually Impaired Loans by Type of Loans and Related Interest Income

 

 

 
   For the year ended December 31, 2013   For the year ended December 31, 2012  
 
   Average
Recorded
Investment		   Cash Basis
Interest
Income
Recognized		   Average
Recorded
Investment		   Cash Basis
Interest
Income
Recognized		  
 
   (In thousands)
  

One-to-four units

   $ 3,738   $ 132   $ 13,112   $ 528  

Five or more units

     3,438     61     2,964     86  

Commercial real estate

     7,291     456     7,922     230  

Church

     22,768     677     30,802     967  

Construction

     62     12     290     12  

Commercial:

                          

Other

     155     12     70     5  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 37,452   $ 1,350   $ 55,160   $ 1,828  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
Recorded Investment in Nonaccrual Loans by Type of Loans

 

 

 
   December 31, 2013   December 31, 2012  
 
   (In thousands)
  

Loans receivable held for sale:

              

One-to-four units

   $ -   $ 6,656  

Five or more units

     -     1,956  

Church

     -     1,556  

Loans receivable held for investment:

              

One-to-four units

     1,441     1,489  

Five or more units

     2,985     2,312  

Commercial real estate

     1,391     7,090  

Church

     11,735     15,689  

Construction

     -     273  

Commercial:

              

Other

     150     69  
           
​ ​ ​ ​ ​ ​ ​ ​

Total non-accrual loans

   $ 17,702   $ 37,090  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Aging of Recorded Investment in Past Due Loans, Including Loans Held For Sale

 

 

 
   December 31, 2013  
 
   30-59
Days
Past Due		   60-89
Days
Past Due		   Greater than
90 Days
Past Due or on
Non-accrual		   Total
Past Due		   Total Loans
Not Past Due		  
 
   (In thousands)
  

Loans receivable held for investment:

                                

One-to-four units

   $ 802   $ -   $ 1,441   $ 2,243   $ 44,216  

Five or more units

     -     -     2,985     2,985     110,283  

Commercial real estate

     347     -     1,391     1,738     24,959  

Church

     436     -     11,735     12,171     55,763  

Construction

     -     -     -     -     424  

Commercial:

                                

Sports

     -     -     -     -     1,408  

Other

     -     -     150     150     509  

Consumer

     -     -     -     -     38  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 1,585   $ -   $ 17,702   $ 19,287   $ 237,600  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 

 
   December 31, 2012  
 
   30-59
Days
Past Due		   60-89
Days
Past Due		   Greater than
90 Days
Past Due or on
Non-accrual		   Total
Past Due		   Total Loans
Not Past Due		  
 
   (In thousands)
  

Loans receivable held for sale:

                                

One-to-four units

   $ -   $ 871   $ 6,656   $ 7,527   $ 389  

Five or more units

     -     -     1,956     1,956     3,839  

Commercial real estate

     -     -     -     -     1,358  

Church

     -     -     1,556     1,556     2,744  

Loans receivable held for investment:

                                

One-to-four units

     1,077     -     1,489     2,566     55,167  

Five or more units

     587     554     2,312     3,453     79,897  

Commercial real estate

     -     -     7,090     7,090     34,034  

Church

     1,617     -     15,689     17,306     58,948  

Construction

     -     -     273     273     462  

Commercial:

                                

Sports

     -     -     -     -     1,711  

Other

     -     -     69     69     2,115  

Consumer

     -     -     -     -     35  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 3,281   $ 1,425   $ 37,090   $ 41,796   $ 240,699  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Loans by Type Modified as Troubled Debt Restructurings

 

 

 
   For the year ended December 31, 2013   For the year ended December 31, 2012  
 
   Number
of Loans		   Pre-
Modification
Outstanding
Recorded
Investment		   Post-
Modification
Outstanding
Recorded
Investment		   Number
of Loans		   Pre-
Modification
Outstanding
Recorded
Investment		   Post-
Modification
Outstanding
Recorded
Investment		  
 
   (Dollars in thousands)
  

One-to-four units

     5   $ 739   $ 789     2   $ 115   $ 115  

Five or more units

     -     -     -     6     2,205     2,351  

Commercial real estate

     1     1,456     1,497     6     4,515     4,716  

Church

     1     409     432     13     7,036     7,123  

Other

     -     -     -     1     -     -  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

     7   $ 2,604   $ 2,718     28   $ 13,871   $ 14,305  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Loans by type Modified as Troubled Debt Restructurings for which there was a Payment Default

 

 

 
   Year Ended December 31, 2013   Year Ended December 31, 2012  
 
   Number
of Loans		   Pre-
Modification
Outstanding
Recorded
Investment		   Number
of Loans		   Pre-
Modification
Outstanding
Recorded
Investment		  
 
   (Dollars in thousands)
  

Church

     -   $ -     4   $ 3,211  
Risk Category of Loans by Type of Loans

 

 

 
   December 31, 2013  
 
   Pass   Special Mention   Substandard   Doubtful   Loss  
 
   (In thousands)
  

One-to-four units

   $ 41,481   $ 3,537   $ 1,441   $ -   $ -  

Five or more units

     105,427     2,305     5,536     -     -  

Commercial real estate

     18,154     529     8,014     -     -  

Church

     34,367     17,657     15,910     -     -  

Construction

     424     -     -     -     -  

Commercial:

                                

Sports

     -     1,408     -     -     -  

Other

     490     19     150     -     -  

Consumer

     38     -     -     -     -  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 200,381   $ 25,455   $ 31,051   $ -   $ -  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 

 
   December 31, 2012  
 
   Pass   Special Mention   Substandard   Doubtful   Loss  
 
   (In thousands)
  

One-to-four units

   $ 55,613   $ 631   $ 1,489   $ -   $ -  

Five or more units

     73,673     5,250     4,427     -     -  

Commercial real estate

     25,605     2,541     12,921     57     -  

Church

     33,532     19,502     23,220     -     -  

Construction

     462     -     273     -     -  

Commercial:

                                

Sports

     -     1,711     -     -     -  

Other

     1,877     141     166     -     -  

Consumer

     35     -     -     -     -  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 190,797   $ 29,776   $ 42,496   $ 57   $ -  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Loans receivable held for investment
  
Loans Receivable Held for Investment  
Schedule of loans receivable

 

 

 
   December 31, 2013   December 31, 2012  
 
   (In thousands)
  

Real estate:

              

One-to-four units

   $ 46,459   $ 57,733  

Five or more units

     113,268     83,350  

Commercial real estate

     26,697     41,124  

Church

     67,934     76,254  

Construction

     424     735  

Commercial:

              

Sports

     1,408     1,711  

Other

     659     2,184  

Consumer

     38     35  
           
​ ​ ​ ​ ​ ​ ​ ​

Total gross loans receivable

     256,887     263,126  

Loans in process

     (50 )   (74 )

Net deferred loan costs

     901     557  

Unamortized premium (discounts)

     255     (17 )

Allowance for loan losses

     (10,146 )   (11,869 )
           
​ ​ ​ ​ ​ ​ ​ ​

Loans receivable, net

   $ 247,847   $ 251,723  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​