Loans Receivable Held for Investment (Tables)

12 Months Ended

Dec. 31, 2014

Loans Receivable Held for Investment

Activity in the Allowance for Loan Losses by Portfolio Segment

The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2014 and 2013:

	For the year ended December 31, 2014
	Real Estate
	Single family			Multi- family		Commercial real estate			Church			Construction		Commercial			Consumer			Total
	(In thousands)
Beginning balance	$	1,930		$	1,726	$	1,473		$	4,949		$	7	$	55		$	6		$	10,146
Provision for (recapture of) loan losses		(625	)		1,000		(969	)		(1,228	)		—		(1,107	)		(3	)		(2,932	)
Recoveries		2			—		—			859			—		1,083			—			1,944
Loans charged off		(133	)		—		(8	)		(533	)		—		(19	)		—			(693	)
Ending balance	$	1,174		$	2,726	$	496		$	4,047		$	7	$	12		$	3		$	8,465

	For the year ended December 31, 2013
	Real Estate
	Single family			Multi- family			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

Allowance for Loan Losses and Recorded Investment in Loans By Portfolio Segment and Based on Impairment Method

	December 31, 2014
	Real Estate
	Single family		Multi- family		Commercial real estate		Church		Construction		Commercial —other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	132	$	115	$	161	$	1,088	$	—	$	10	$	—	$	1,506
Collectively evaluated for impairment		1,042		2,611		335		2,959		7		2		3		6,959
Total ending allowance balance	$	1,174	$	2,726	$	496	$	4,047	$	7	$	12	$	3	$	8,465
Loans:
Loans individually evaluated for impairment	$	1,400	$	2,762	$	4,650	$	14,905	$	—	$	102	$	—	$	23,819
Loans collectively evaluated for impairment		38,392		169,030		12,072		39,694		387		160		9		259,744
Total ending loans balance	$	39,792	$	171,792	$	16,722	$	54,599	$	387	$	262	$	9	$	283,563

	December 31, 2013
	Real Estate
	Single family		Multi- family		Commercial real estate		Church		Construction		Commercial —other		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		109,055		21,803		46,691		424		1,917		38		223,334
Total ending loans balance	$	46,459	$	113,218	$	26,697	$	67,934	$	424	$	2,067	$	38	$	256,837

Loans Individually Evaluated for Impairment by Type of Loans

	December 31, 2014						December 31, 2013
	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:
Single family	$	1,448	$	722	$	—	$	2,114	$	1,441	$	—
Multi-family		1,384		1,259		—		2,690		2,598		—
Commercial real estate		4,836		1,177		—		4,867		1,391		—
Church		6,234		4,471		—		11,806		8,446		—
Commercial—other		34		34		—		3,850		—		—
With an allowance recorded:
Single family		678		678		132		1,612		1,612		382
Multi-family		1,541		1,503		115		1,578		1,565		143
Commercial real estate		3,473		3,473		161		3,503		3,503		206
Church		10,751		10,434		1,088		12,862		12,797		1,444
Commercial—other		68		68		10		150		150		12
Total	$	30,447	$	23,819	$	1,506	$	45,032	$	33,503	$	2,187

Average of Loans Individually Evaluated for Impairment by Type of Loans and Related Interest Income

	For the year ended December 31, 2014				For the year ended December 31, 2013
	Average Recorded Investment		Cash Basis Interest Income Recognized		Average Recorded Investment		Cash Basis Interest Income Recognized
	(In thousands)
Single family	$	2,327	$	67	$	3,738	$	132
Multi-family		3,425		79		3,438		61
Commercial real estate		4,762		373		7,291		456
Church		17,212		787		22,768		677
Construction		—		—		62		12
Commercial—other		124		9		155		12
Total	$	27,850	$	1,315	$	37,452	$	1,350

Aging of Recorded Investment in Past Due Loans, Including Loans Receivable Held For Sale

	December 31, 2014
	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current
	(In thousands)
Loans receivable held for investment:
Single family	$	—	$	—	$	—	$	—	$	39,792
Multi-family		455		—		—		455		171,337
Commercial real estate		856		—		—		856		15,866
Church		—		180		987		1,167		53,432
Construction		—		—		—		—		387
Commercial—other		34		—		—		34		228
Consumer		—		—		—		—		9
Total	$	1,345	$	180	$	987	$	2,512	$	281,051

	December 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current
	(In thousands)
Loans receivable held for investment:
Single family	$	802	$	—	$	585	$	1,387	$	45,072
Multi-family		—		—		545		545		112,673
Commercial real estate		346		—		1,016		1,362		25,335
Church		2,557		323		4,877		7,757		60,177
Construction		—		—		—		—		424
Commercial—other		82		—		—		82		1,985
Consumer		—		—		—		—		38
Total	$	3,787	$	323	$	7,023	$	11,133	$	245,704

Recorded Investment in Nonaccrual Loans by Type of Loans

	December 31, 2014		December 31, 2013
	(In thousands)
Loans receivable held for investment:
Single family	$	736	$	1,441
Multi-family		1,618		2,985
Commercial real estate		1,174		1,391
Church		5,232		11,735
Commercial—other		102		150
Total non-accrual loans	$	8,862	$	17,702

Loans by Type Modified as Troubled Debt Restructurings

	For the year ended December 31, 2013
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Single family		5	$	739	$	789
Commercial real estate		1		1,456		1,497
Church		1		409		432
Total		7	$	2,604	$	2,718

Risk Category of Loans by Type of Loans

	December 31, 2014
	Pass		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	35,630	$	3,436	$	726	$	—	$	—
Multi-family		168,949		610		2,233		—		—
Commercial real estate		13,210		282		3,230		—		—
Church		41,938		2,284		10,377		—		—
Construction		387		—		—		—		—
Commercial—other		160		—		102		—		—
Consumer		9		—		—		—		—
Total	$	260,283	$	6,612	$	16,668	$	—	$	—

	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	41,481	$	3,537	$	1,441	$	—	$	—
Multi-family		105,377		2,305		5,536		—		—
Commercial real estate		18,154		529		8,014		—		—
Church		34,367		17,657		15,910		—		—
Construction		424		—		—		—		—
Commercial—other		490		1,427		150		—		—
Consumer		38		—		—		—		—
Total	$	200,331	$	25,455	$	31,051	$	—	$	—

Loans receivable held for investment

Loans Receivable Held for Investment

Schedule of loans receivable

	December 31, 2014			December 31, 2013
	(In thousands)
Real estate:
Single family	$	39,792		$	46,459
Multi-family		171,792			113,218
Commercial real estate		16,722			26,697
Church		54,599			67,934
Construction		387			424
Commercial—other		262			2,067
Consumer		9			38
Gross loans receivable		283,563			256,837
Unamortized net deferred loan costs and premium		1,545			1,156
Allowance for loan losses		(8,465	)		(10,146	)
Loans receivable, net	$	276,643		$	247,847