Loans Receivable Held for Investment (Tables)

12 Months Ended

Dec. 31, 2018

Loans Receivable Held for Investment

Schedule of loans receivable held for investment

	December 31, 2018		December 31, 2017
	(In thousands)
Real estate:
Single family	$	91,835	$	111,085
Multi-family		231,870		187,455
Commercial real estate		5,802		6,089
Church		25,934		30,848
Construction		1,876		1,678
Commercial – other		226		192
Consumer		5		7
Gross loans receivable before deferred loan costs and premiums		357,548		337,354
Unamortized net deferred loan costs and premiums		937		1,566
Gross loans receivable		358,485		338,920
Allowance for loan losses		(2,929)		(4,069)
Loans receivable, net	$	355,556	$	334,851

Schedule of activity in the allowance for loan losses by loan type

	For the year ended December 31, 2018
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		– other		Consumer		Total
	(In thousands)
Beginning balance	$	594	$	2,300	$	71	$	1,081	$	17	$	6	$	—	$	4,069
Provision for (recapture of) loan losses		(225)		(420)		(19)		(592)		2		—		—		(1,254)
Recoveries		—		—		—		114		—		—		—		114
Loans charged off		—		—		—		—		—		—		—		—
Ending balance	$	369	$	1,880	$	52	$	603	$	19	$	6	$	—	$	2,929

	For the year ended December 31, 2017
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		– other		Consumer		Total
	(In thousands)
Beginning balance	$	367	$	2,659	$	215	$	1,337	$	8	$	17	$	—	$	4,603
Provision for (recapture of) loan losses		197		(359)		(144)		(792)		9		(11)		—		(1,100)
Recoveries		30		—		—		536		—		—		—		566
Loans charged off		—		—		—		—		—		—		—		—
Ending balance	$	594	$	2,300	$	71	$	1,081	$	17	$	6	$	—	$	4,069

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

	December 31, 2018
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		– other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	53	$	—	$	—	$	170	$	—	$	4	$	—	$	227
Collectively evaluated for impairment		316		1,880		52		433		19		2		—		2,702
Total ending allowance balance	$	369	$	1,880	$	52	$	603	$	19	$	6	$	—	$	2,929
Loans:
Loans individually evaluated for impairment	$	610	$	323	$	—	$	5,383	$	—	$	64	$	—	$	6,380
Loans collectively evaluated for impairment		91,567		232,986		5,800		19,713		1,872		162		5		352,105
Total ending loans balance	$	92,177	$	233,309	$	5,800	$	25,096	$	1,872	$	226	$	5	$	358,485

	December 31, 2017
	Real Estate
	Single		Multi-		Commercial						Commercial
	family		family		real estate		Church		Construction		– other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	100	$	1	$	—	$	479	$	—	$	5	$	—	$	585
Collectively evaluated for impairment		494		2,299		71		602		17		1		—		3,484
Total ending allowance balance	$	594	$	2,300	$	71	$	1,081	$	17	$	6	$	—	$	4,069
Loans:
Loans individually evaluated for impairment	$	627	$	333	$	—	$	8,280	$	—	$	65	$	—	$	9,305
Loans collectively evaluated for impairment		110,897		188,585		6,096		22,232		1,671		127		7		329,615
Total ending loans balance	$	111,524	$	188,918	$	6,096	$	30,512	$	1,671	$	192	$	7	$	338,920

Schedule of loans individually evaluated for impairment by loan type

	December 31, 2018						December 31, 2017
					Allowance						Allowance
	Unpaid				for Loan		Unpaid				for Loan
	Principal		Recorded		Losses		Principal		Recorded		Losses
	Balance		Investment		Allocated		Balance		Investment		Allocated
	(In thousands)
With no related allowance recorded:
Multi-family	$	323	$	323	$	—	$	—	$	—	$	—
Church		4,666		2,803		—		5,140		3,291		—
With an allowance recorded:
Single family		610		610		53		627		627		100
Multi-family		—		—		—		333		333		1
Church		2,580		2,580		170		5,028		4,989		479
Commercial – other		64		64		4		65		65		5
Total	$	8,243	$	6,380	$	227	$	11,193	$	9,305	$	585

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

	For the year ended December 31, 2018				For the year ended December 31, 2017
			Cash Basis				Cash Basis
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
		(In thousands)
Single family	$	618	$	30	$	636	$	28
Multi-family		329		23		589		44
Commercial real estate		—		—		305		104
Church		7,893		398		9,363		693
Commercial – other		64		4		65		6
Total	$	8,904	$	455	$	10,958	$	875

Schedule of aging of the recorded investment in past due loans by loan type

	December 31, 2018
	30-59		60-89		Greater than
	Days		Days		90 Days		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Loans receivable held for investment:
Single family	$	35	$	—	$	—	$	35	$	92,142	$	92,177
Multi-family		—		—		—		—		233,309		233,309
Commercial real estate		—		—		—		—		5,800		5,800
Church		—		—		—		—		25,096		25,096
Construction		—		—		—		—		1,872		1,872
Commercial – other		—		—		—		—		226		226
Consumer		—		—		—		—		5		5
Total	$	35	$	—	$	—	$	35	$	358,450	$	358,485

	December 31, 2017
	30-59		60-89		Greater than
	Days		Days		90 Days		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Loans receivable held for investment:
Single family	$	—	$	50	$	—	$	50	$	111,474	$	111,524
Multi-family		—		—		—		—		188,918		188,918
Commercial real estate		—		—		—		—		6,096		6,096
Church		341		—		—		341		30,171		30,512
Construction		—		—		—		—		1,671		1,671
Commercial – other		—		—		—		—		192		192
Consumer		—		—		—		—		7		7
Total	$	341	$	50	$	—	$	391	$	338,529	$	338,920

Schedule of recorded investment in non-accrual loans by loan type

	December 31, 2018		December 31, 2017
	(In thousands)
Loans receivable held for investment:
Church	$	911	$	1,766
Total non-accrual loans	$	911	$	1,766

Schedule of risk categories of loans by loan type

	December 31, 2018
	Pass		Watch		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	92,132	$	—	$	35	$	10	$	—	$	—
Multi-family		232,642		—		—		667		—		—
Commercial real estate		5,800		—		—		—		—		—
Church		19,678		672		—		4,746		—		—
Construction		1,872		—		—		—		—		—
Commercial – other		162		—		—		64		—		—
Consumer		5		—		—		—		—		—
Total	$	352,291	$	672	$	35	$	5,487	$	—	$	—

	December 31, 2017
	Pass		Watch		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
Single family	$	111,513	$	—	$	—	$	11	$	—	$	—
Multi-family		187,946		—		—		972		—		—
Commercial real estate		5,974		122		—		—		—		—
Church		24,474		691		—		5,347		—		—
Construction		1,671		—		—		—		—		—
Commercial – other		127		—		—		65		—		—
Consumer		7		—		—		—		—		—
Total	$	331,712	$	813	$	—	$	6,395	$	—	$	—