Loans Receivable Held for Investment (Tables)

6 Months Ended

Jun. 30, 2013

Loans receivable held for investment

Activity in the Allowance for Loan Losses by Portfolio Segment

	Three Months Ended June 30, 2013
	One-to- four units			Five or more units			Commercial real estate		Church			Construction		Commercial			Consumer		Total
	(In thousands)
Beginning balance	$	1,834		$	1,123		$	1,549	$	5,677		$	8	$	181		$	78	$	10,450
Provision for loan losses	614			66			39		(623		)	-		(97		)	1		-
Recoveries	-			-			86		6			-		60			-		152
Loans charged off	(3		)	(20		)	-		-			-		-			-		(23		)
Ending balance	$	2,445		$	1,169		$	1,674	$	5,060		$	8	$	144		$	79	$	10,579

	Six Months Ended June 30, 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	$	98		$	78	$	11,869
Provision for loan losses	165			(295		)	(168		)	406			-		(109		)	1		-
Recoveries	259			-			101			13			-		155			-		528
Loans charged off	(39		)	(658		)	(944		)	(177		)	-		-			-		(1,818		)
Ending balance	$	2,445		$	1,169		$	1,674		$	5,060		$	8	$	144		$	79	$	10,579

	Three Months Ended June 30, 2012
	One-to- four units			Five or more units			Commercial real estate			Church			Construction			Commercial			Consumer		Total
	(In thousands)
Beginning balance	$	4,836		$	3,013		$	2,859		$	6,494		$	233		$	231		$	86	$	17,752
Provision for loan losses	(135		)	(116		)	(234		)	882			(127		)	(168		)	-		102
Recoveries	-			-			15			3			-			138			2		158
Loans charged off	-			-			-			(156		)	-			-			-		(156		)
Ending balance	$	4,701		$	2,897		$	2,640		$	7,223		$	106		$	201		$	88	$	17,856

	Six Months Ended June 30, 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		$	247		$	126		$	17,299
Provision for loan losses	201			(75		)	(440		)	1,861			(143		)	(301		)	(42		)	1,061
Recoveries	-			-			30			7			-			255			4			296
Loans charged off	(355		)	-			(58		)	(387		)	-			-			-			(800		)
Ending balance	$	4,701		$	2,897		$	2,640		$	7,223		$	106		$	201		$	88		$	17,856

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

	June 30, 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	$	636	$	60	$	182	$	1,588	$	-	$	97	$	69	$	2,632
Collectively evaluated for impairment	1,809		1,109		1,492		3,472		8		47		10		7,947
Total ending allowance balance	$	2,445	$	1,169	$	1,674	$	5,060	$	8	$	144	$	79	$	10,579
Loans:
Loans individually evaluated for impairment	$	3,713	$	2,911	$	6,566	$	22,111	$	-	$	97	$	69	$	35,467
Loans collectively evaluated for impairment	48,285		74,959		26,174		48,120		443		1,903		60		199,944
Total ending loans balance	$	51,998	$	77,870	$	32,740	$	70,231	$	443	$	2,000	$	129	$	235,411

	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	$	98	$	78	$	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	$	3,826	$	104	$	263,126

Loans Individually Evaluated for Impairment by Type of Loans

	June 30, 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	$	1,784	$	1,211	$	-	$	1,986	$	1,484	$	-
Five or more units	1,835		1,806		-		2,038		1,819		-
Commercial real estate	3,623		403		-		10,184		6,423		-
Church	11,227		9,190		-		18,664		15,689		-
Construction	-		-		-		279		273		-
Commercial:
Sports	3,850		-		-		3,888		-		-
With an allowance recorded:
One-to-four units	2,506		2,502		636		3,092		3,092		719
Five or more units	1,105		1,105		60		1,947		1,947		125
Commercial real estate	6,163		6,163		182		3,941		3,941		543
Church	12,958		12,921		1,588		9,677		9,639		1,276
Commercial:
Other	97		97		97		-		-		-
Consumer:
Other	69		69		69		69		69		69
Total	$	45,217	$	35,467	$	2,632	$	55,765	$	44,376	$	2,732

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

	Three Months Ended June 30, 2013				Six Months Ended June 30, 2013
	Average Recorded Investment		Cash Basis Interest Income Recognized		Average Recorded Investment		Cash Basis Interest Income Recognized
	(In thousands)
One-to-four units	$	3,737	$	29	$	3,877	$	61
Five or more units	2,508		24		3,097		40
Commercial real estate	6,481		142		8,058		223
Church	22,041		139		23,213		276
Construction	-		-		115		5
Commercial:
Other	97		4		83		4
Consumer:
Other	69		2		69		2
Total	$	34,933	$	340	$	38,512	$	611

	Three Months Ended June 30, 2012				Six Months Ended June 30, 2012
	Average Recorded Investment		Cash Basis Interest Income Recognized		Average Recorded Investment		Cash Basis Interest Income Recognized
	(In thousands)
One-to-four units	$	13,998	$	110	$	13,696	$	234
Five or more units	3,050		18		3,384		40
Commercial real estate	7,784		61		7,600		145
Church	32,834		306		32,215		597
Construction	294		4		297		9
Consumer:
Other	70		1		70		2
Total	$	58,030	$	500	$	57,262	$	1,027

Recorded Investment in Nonaccrual Loans by Type of Loans

	June 30, 2013		December 31, 2012
	(In thousands)
Loans receivable held for sale:
One-to-four units	$	-	$	6,656
Five or more units	-		1,956
Commercial real estate	348		-
Church	1,556		1,556
Loans receivable held for investment:
One-to-four units	1,406		1,489
Five or more units	2,208		2,312
Commercial real estate	404		7,090
Church	12,519		15,689
Construction	-		273
Commercial:
Other	97		-
Consumer:
Other	69		69
Total non-accrual loans	$	18,607	$	37,090

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

	June 30, 2013
	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Loans Not Past Due
	(In thousands)
Loans receivable held for sale:
Five or more units	$	-	$	-	$	-	$	-	$	3,808
Commercial real estate	-		-		348		348		1,001
Church	-		-		1,556		1,556		2,727
Loans receivable held for investment:
One-to-four units	1,181		-		1,406		2,587		49,411
Five or more units	-		-		2,208		2,208		75,662
Commercial real estate	-		-		404		404		32,336
Church	439		-		12,519		12,958		57,273
Construction	-		-		-		-		443
Commercial:
Sports	-		-		-		-		1,438
Other	20		-		97		117		445
Consumer:
Other	-		-		69		69		60
Total	$	1,640	$	-	$	18,607	$	20,247	$	224,604

	December 31, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		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	-		-		-		-		2,115
Consumer:
Other	-		-		69		69		35
Total	$	3,281	$	1,425	$	37,090	$	41,796	$	240,699

Loans by Type Modified as Troubled Debt Restructurings

	Three Months Ended June 30,2013					Six Months Ended June 30,2013
	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
Commercial real estate	1	1,456		1,497		1	1,456		1,497
Total	1	$	1,456	$	1,497	6	$	2,195	$	2,286

	Three Months Ended June 30,2012					Six Months Ended June 30,2012
	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	1	$	36	$	36	1	$	36	$	36
Commercial real estate	1	505		511		2	734		740
Church	5	2,386		2,391		8	3,399		3,404
Total	7	$	2,927	$	2,938	11	$	4,169	$	4,180

Risk Category of Loans by Type of Loans

	June 30, 2013
	Pass		Special Mention		Substandard		Doubtful		Loss
					(In thousands)
One-to-four units	$	46,651	$	3,941	$	1,406	$	-	$	-
Five or more units	70,646		1,876		5,348		-		-
Commercial real estate	23,124		1,637		7,979		-		-
Church	33,922		16,660		19,557		92		-
Construction	443		-		-		-		-
Commercial:
Sports	-		1,438		-		-		-
Other	445		20		97		-		-
Consumer:
Other	60		-		69		-		-
Total	$	175,291	$	25,572	$	34,456	$	92	$	-

	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		97		-		-
Consumer:
Other	35		-		69		-		-
Total	$	190,797	$	29,776	$	42,496	$	57	$	-

Loans receivable held for investment

Loans receivable held for investment

Schedule of loans receivable

	June 30, 2013		December 31, 2012
	(In thousands)
Real estate:
One-to-four units	$	51,998	$	57,733
Five or more units	77,870		83,350
Commercial real estate	32,740		41,124
Church	70,231		76,254
Construction	443		735
Commercial:
Sports	1,438		1,711
Other	562		2,115
Consumer:
Other	129		104
Total gross loans receivable	235,411		263,126
Loans in process	(17)		(74)
Net deferred loan costs	593		557
Unamortized discounts	(17)		(17)
Allowance for loan losses	(10,579)		(11,869)
Loans receivable, net	$	225,391	$	251,723