Loans Receivable Held for Investment (Tables)

12 Months Ended

Dec. 31, 2016

Loans Receivable Held for Investment

Activity in the allowance for loan losses by loan type

	For the year ended December 31, 2016
	Real Estate
	Single family			Multi- family		Commercial real estate			Church			Construction		Commercial – other			Consumer		Total
	(In thousands)
Beginning balance	$	597		$	1,658	$	469		$	2,083		$	3	$	18		$	-	$	4,828
Provision for (recapture of) loan losses		(277	)		1,001		(502	)		(768	)		5		(9	)		-		(550	)
Recoveries		47			-		248			22			-		8			-		325
Loans charged off		-			-		-			-			-		-			-		-
Ending balance	$	367		$	2,659	$	215		$	1,337		$	8	$	17		$	-	$	4,603

	For the year ended December 31, 2015
	Real Estate
	Single family			Multi- family			Commercial real estate			Church			Construction			Commercial – other		Consumer			Total
	(In thousands)
Beginning balance	$	1,174		$	2,726		$	496		$	4,047		$	7		$	12	$	3		$	8,465
Provision for (recapture of) loan losses		(702	)		(1,068	)		(27	)		(1,902	)		(4	)		6		(3	)		(3,700	)
Recoveries		129			-			-			23			-			-		-			152
Loans charged off		(4	)		-			-			(85	)		-			-		-			(89	)
Ending balance	$	597		$	1,658		$	469		$	2,083		$	3		$	18	$	-		$	4,828

Allowance for loan losses and recorded investment in loans by type of loans and based on impairment method

	December 31, 2016
	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	$	125	$	-	$	-	$	516	$	-	$	15	$	-	$	656
Collectively evaluated for impairment		242		2,659		215		821		8		2		-		3,947
Total ending allowance balance	$	367	$	2,659	$	215	$	1,337	$	8	$	17	$	-	$	4,603
Loans:
Loans individually evaluated for impairment	$	644	$	642	$	-	$	10,545	$	-	$	66	$	-	$	11,897
Loans collectively evaluated for impairment		104,688		230,798		8,921		26,678		827		242		6		372,160
Total ending loans balance	$	105,332	$	231,440	$	8,921	$	37,223	$	827	$	308	$	6	$	384,057

	December 31, 2015
	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	$	134	$	1	$	88	$	756	$	-	$	16	$	-	$	995
Collectively evaluated for impairment		463		1,657		381		1,327		3		2		-		3,833
Total ending allowance balance	$	597	$	1,658	$	469	$	2,083	$	3	$	18	$	-	$	4,828
Loans:
Loans individually evaluated for impairment	$	963	$	1,440	$	1,924	$	11,390	$	-	$	67	$	-	$	15,784
Loans collectively evaluated for impairment		130,632		118,186		9,488		34,359		343		203		4		293,215
Total ending loans balance	$	131,595	$	119,626	$	11,412	$	45,749	$	343	$	270	$	4	$	308,999

Loans individually evaluated for impairment by loan type

	December 31, 2016						December 31, 2015
	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	$	-	$	-	$	-	$	877	$	302	$	-
Multi-family		642		642		-		912		779		-
Commercial real estate		-		-		-		636		259		-
Church		5,946		3,589		-		5,615		3,542		-
With an allowance recorded:
Single family		644		644		125		662		661		134
Multi-family		-		-		-		661		661		1
Commercial real estate		-		-		-		1,702		1,665		88
Church		7,330		6,956		516		8,245		7,848		756
Commercial – other		66		66		15		67		67		16
Total	$	14,628	$	11,897	$	656	$	19,377	$	15,784	$	995

Average of loans individually evaluated for impairment by loan type and related interest income

	For the year ended December 31, 2016				For the year ended December 31, 2015
	Average Recorded Investment		Cash Basis Interest Income Recognized		Average Recorded Investment		Cash Basis Interest Income Recognized
	(In thousands)
Single family	$	824	$	253	$	1,260	$	140
Multi-family		916		155		1,912		136
Commercial real estate		983		271		3,162		275
Church		10,880		489		13,630		614
Commercial – other		66		5		79		6
Total	$	13,669	$	1,173	$	20,043	$	1,171

Aging of recorded investment in past due loans by loan type

	December 31, 2016
	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	$	-	$	64	$	-	$	64	$	105,268
Multi-family		-		-		-		-		231,440
Commercial real estate		1,324		-		-		1,324		7,597
Church		-		-		-		-		37,223
Construction		-		-		-		-		827
Commercial – other		-		-		-		-		308
Consumer		-		-		-		-		6
Total	$	1,324	$	64	$	-	$	1,388	$	382,669

	December 31, 2015
	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	$	103	$	-	$	-	$	103	$	131,492
Multi-family		291		-		-		291		119,335
Commercial real estate		-		-		-		-		11,412
Church		595		-		456		1,051		44,698
Construction		-		-		-		-		343
Commercial – other		-		-		-		-		270
Consumer		-		-		-		-		4
Total	$	989	$	-	$	456	$	1,445	$	307,554

Recorded investment in non-accrual loans by loan type

	December 31, 2016		December 31, 2015
	(In thousands)
Loans receivable held for investment:
Single family	$	-	$	302
Multi-family		-		779
Commercial real estate		-		259
Church		2,944		2,887
Total non-accrual loans	$	2,944	$	4,227

Risk categories of loans by loan type

	December 31, 2016
	Pass		Watch		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	105,332	$	-	$	-	$	-	$	-	$	-
Multi-family		228,522		1,274		342		1,302		-		-
Commercial real estate		6,965		-		-		1,956		-		-
Church		27,560		1,143		823		7,697		-		-
Construction		827		-		-		-		-		-
Commercial – other		242		-		-		66		-		-
Consumer		6		-		-		-		-		-
Total	$	369,454	$	2,417	$	1,165	$	11,021	$	-	$	-

	December 31, 2015
	Pass		Watch		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	128,736	$	-	$	2,557	$	302	$	-	$	-
Multi-family		117,602		-		352		1,672		-		-
Commercial real estate		7,509		-		-		3,903		-		-
Church		35,013		776		1,431		8,529		-		-
Construction		343		-		-		-		-		-
Commercial – other		203		-		-		67		-		-
Consumer		4		-		-		-		-		-
Total	$	289,410	$	776	$	4,340	$	14,473	$	-	$	-

Loans Receivable Held for Investment

Loans Receivable Held for Investment

Schedule of loans receivable

	December 31, 2016			December 31, 2015
	(In thousands)
Real estate:
Single family	$	104,807	(1)	$	130,891	(2)
Multi-family		229,566			118,616
Commercial real estate		8,914			11,442
Church		37,826			46,390
Construction		837			343
Commercial – other		308			270
Consumer		6			4
Gross loans receivable before deferred loan costs and premiums		382,264			307,956
Unamortized net deferred loan costs and premiums		1,793			1,043
Gross loans receivable		384,057			308,999
Allowance for loan losses		(4,603	)		(4,828	)
Loans receivable, net	$	379,454		$	304,171

(1)           Includes $81.9 million and $99.5 million of non-impaired purchased loans at December 31, 2016 and 2015, respectively, with no allowance for loan losses.