XML 33 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loans Receivable Held for Investment (Tables)
 3 Months Ended
Mar. 31, 2017
Loans Receivable Held for Investment  
Schedule of loans receivable

 

 

March 31, 2017

 

December 31, 2016

 

 

 

(In thousands)

 

Real estate:

 

 

 

 

 

Single family (1)

 

$  
98,676

 

$  
104,807

 

Multi-family

 
220,556

 
229,566

 

Commercial real estate

 
7,766

 
8,914

 

Church

 
36,153

 
37,826

 

Construction

 
862

 
837

 

Commercial – other

 
307

 
308

 

Consumer

 
15

 
6

 

 

 

 

 

 

 

Gross loans receivable before deferred loan costs and premiums

 
364,335

 
382,264

 

Unamortized net deferred loan costs and premiums

 
1,795

 
1,793

 

 

 

 

 

 

 

Gross loans receivable

 
366,130

 
384,057

 

Allowance for loan losses

 
(4,392)

 
(4,603)

 

 

 

 

 

 

 

Loans receivable, net

 

$  
361,738

 

$  
379,454

 

 

 

 

 

 

 

 

 

 

__

(1)

Includes $78.5 million and $81.9 million of non-impaired purchased loans at March 31, 2017 and December 31, 2016, respectively, with no allowance for loan losses.

 

Activity in the allowance for loan losses by loan type

 

 

Three Months Ended March 31, 2017

 

 

Real Estate

 

 

 

 

 

 

 

 

Single
family

 

Multi-
family

 

Commercial
real estate

 

Church

 

Construction

 

Commercial
- other

 

Consumer

 

Total

 

 

(In thousands)

Beginning balance

 

  $
367

 

  $
2,659

 

  $
215

 

  $
1,337

 

  $
8

 

  $
17

 

  $

-

 

  $
4,603

Provision for (recapture of) loan losses

 
(37)

 
52

 
(140)

 
(226)

 
1

 
(1)

 
1

 
(350)

Recoveries

 

-

 

-

 

-

 
139

 

-

 

-

 

-

 
139

Loans charged off

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

  $
330

 

  $
2,711

 

  $
75

 

  $
1,250

 

  $
9

 

  $
16

 

  $
1

 

  $
4,392

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 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

 
(69)

 
208

 
(25)

 
(413)

 

-

 
(1)

 

-

 
(300)

Recoveries

 

-

 

-

 

-

 
6

 

-

 

-

 

-

 
6

Loans charged off

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

  $
528

 

  $
1,866

 

  $
444

 

  $
1,676

 

  $
3

 

  $
17

 

  $

-

 

  $
4,534

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

March 31, 2017

 

 

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

 

  $
118

 

  $
2

 

  $

-

 

  $
468

 

  $

-

 

  $
14

 

  $

-

 

  $
602

Collectively evaluated for impairment

 
212

 
2,709

 
75

 
782

 
9

 
2

 
1

 
3,790

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total ending allowance balance

 

  $
330

 

  $
2,711

 

  $
75

 

  $
1,250

 

  $
9

 

  $
16

 

  $
1

 

  $
4,392

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

  $
640

 

  $
638

 

  $
1,323

 

  $
9,845

 

  $

-

 

  $
66

 

  $

-

 

  $
12,512

Loans collectively evaluated for impairment

 
98,539

 
221,740

 
6,449

 
25,779

 
855

 
241

 
15

 
353,618

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total ending loans balance

 

  $
99,179

 

  $
222,378

 

  $
7,772

 

  $
35,624

 

  $
855

 

  $
307

 

  $
15

 

  $
366,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment by loan type

 

 

March 31, 2017

 

December 31, 2016

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

Multi-family

 

$

-

 

$

-

 

$

-

 

$
642

 

$
642

 

$

-

 

Commercial real estate

 
1,323

 
1,323

 

-

 

-

 

-

 

-

 

Church

 
6,620

 
4,226

 

-

 
5,946

 
3,589

 

-

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Single family

 
640

 
640

 
118

 
644

 
644

 
125

 

Multi-family

 
638

 
638

 
2

 

-

 

-

 

-

 

Church

 
5,780

 
5,619

 
468

 
7,330

 
6,956

 
516

 

Commercial - other

 
66

 
66

 
14

 
66

 
66

 
15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
15,067

 

$
12,512

 

$
602

 

$
14,628

 

$
11,897

 

$
656

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Three Months Ended March 31, 2017

 

Three Months Ended March 31, 2016

 

 

Average
Recorded
Investment

 

Cash Basis
Interest
Income
Recognized

 

Average
Recorded
Investment

 

Cash Basis
Interest
Income
Recognized

 

 

(In thousands)

Single family

 

 

$
642

 

 

 

$
7

 

 

 

$
951

 

 

 

$
7

 

Multi-family

 

 
640

 

 

 
11

 

 

 
1,206

 

 

 
41

 

Commercial real estate

 

 
331

 

 

 

-

 

 

 
1,933

 

 

 
56

 

Church

 

 
10,471

 

 

 
227

 

 

 
11,191

 

 

 
126

 

Commercial –other

 

 
66

 

 

 
1

 

 

 
67

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

$
12,150

 

 

 

$
246

 

 

 

$
15,348

 

 

 

$
230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aging of recorded investment in past due loans by loan type

 

 

March 31, 2017

 

 

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

 

 

$

-

 

 

 

$
60

 

 

 

$

-

 

 

 

$
60

 

 

 

$
99,119

 

Multi-family

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 
222,378

 

Commercial real estate

 

 

-

 

 

 
1,323

 

 

 

-

 

 

 
1,323

 

 

 
6,449

 

Church

 

 
412

 

 

 

-

 

 

 

-

 

 

 
412

 

 

 
35,212

 

Construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 
855

 

Commercial - other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 
307

 

Consumer

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 
15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

$
412

 

 

 

$
1,383

 

 

 

$

-

 

 

 

$
1,795

 

 

 

$
364,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recorded investment in non-accrual loans by loan type

 

 

March 31, 2017

 

December 31, 2016

 

 

(In thousands)

Loans receivable held for investment:

 

 

 

 

 

 

 

 

 

 

Commercial real estate

 

 

$
1,323

 

 

 

$

-

 

Church

 

 
2,841

 

 

 
2,944

 

 

 

 

 

 

 

 

 

 

Total non-accrual loans

 

 

$
4,164

 

 

 

$
2,944

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk categories of loans by loan type

 

 

March 31, 2017

 

 

 

Pass

 

Watch

 

Special Mention

 

Substandard

 

Doubtful

 

Loss

 

 

 

(In thousands)

 

Single family

 

  $
99,179

 

  $

-

 

  $

-

 

  $

-

 

  $

-

 

  $

-

 

Multi-family

 
220,746

 

-

 
340

 
1,292

 

-

 

-

 

Commercial real estate

 
6,449

 

-

 

-

 
1,323

 

-

 

-

 

Church

 
26,648

 
1,137

 
271

 
7,568

 

-

 

-

 

Construction

 
855

 

-

 

-

 

-

 

-

 

-

 

Commercial - other

 
241

 

-

 

-

 
66

 

-

 

-

 

Consumer

 
15

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

  $
354,133

 

  $
1,137

 

  $
611

 

  $
10,249

 

  $

-

 

  $

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

  $

-

 

  $

-