XML 32 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans Receivable Held for Investment (Tables)
 6 Months Ended
Jun. 30, 2018
Loans Receivable Held for Investment  
Schedule of loans receivable held for investment

 

 

 

June 30, 2018

 

December 31, 2017

 

 

(In thousands)

Real estate:

 

 

 

 

Single family

 

$  
99,634

 

$  
111,085

Multi-family

 
230,137

 
187,455

Commercial real estate

 
6,007

 
6,089

Church

 
29,887

 
30,848

Construction

 
1,766

 
1,678

Commercial – other

 
201

 
192

Consumer

 
7

 
7

 

 

 

 

 

Gross loans receivable before deferred loan costs and premiums

 
367,639

 
337,354

Unamortized net deferred loan costs and premiums

 
1,352

 
1,566

 

 

 

 

 

Gross loans receivable

 
368,991

 
338,920

Allowance for loan losses

 
(4,183)

 
(4,069)

 

 

 

 

 

Loans receivable, net

 

$  
364,808

 

$  
334,851

 

 

 

 

 

 

 

 

Activity in the allowance for loan losses by loan type

 

 

 

Three Months Ended June 30, 2018

 

 

Real Estate

 

 

 

 

 

 

 

 

Single
family

 

Multi-
family

 

Commercial
real estate

 

Church

 

Construction

 

Commercial
- other

 

Consumer

 

Total

 

 

(In thousands)

Beginning balance

 

  $
588

 

  $
2,508

 

  $
65

 

  $
1,005

 

  $
11

 

  $
6

 

  $

-

 

  $
4,183

Provision for (recapture of) loan losses

 
(71)

 
148

 
(4)

 
(80)

 
7

 

-

 

-

 

-

Recoveries

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Loans charged off

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

  $
517

 

  $
2,656

 

  $
61

 

  $
925

 

  $
18

 

  $
6

 

  $

-

 

  $
4,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2017

 

 

Real Estate

 

 

 

 

 

 

 

 

Single
family

 

Multi-
family

 

Commercial
real estate

 

Church

 

Construction

 

Commercial
- other

 

Consumer

 

Total

 

 

(In thousands)

Beginning balance

 

  $
330

 

  $
2,711

 

  $
75

 

  $
1,250

 

  $
9

 

  $
16

 

  $
1

 

  $
4,392

Provision for (recapture of) loan losses

 
(40)

 
8

 
2

 
(270)

 

-

 
1

 
(1)

 
(300)

Recoveries

 
30

 

-

 

-

 
124

 

-

 

-

 

-

 
154

Loans charged off

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

  $
320

 

  $
2,719

 

  $
77

 

  $
1,104

 

  $
9

 

  $
17

 

  $

-

 

  $
4,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

 

Real Estate

 

 

 

 

 

 

 

 

Single
family

 

Multi-
family

 

Commercial
real estate

 

Church

 

Construction

 

Commercial
- other

 

Consumer

 

Total

 

 

(In thousands)

Beginning balance

 

$
594

 

$
2,300

 

$
71

 

$
1,081

 

$
17

 

$
6

 

$

-

 

$
4,069

Provision for (recapture of) loan losses

 
(77)

 
356

 
(10)

 
(270)

 
1

 

-

 

-

 

-

Recoveries

 

-

 

-

 

-

 
114

 

-

 

-

 

-

 
114

Loans charged off

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
517

 

$
2,656

 

$
61

 

$
925

 

$
18

 

$
6

 

$

-

 

$
4,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 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

 
(77)

 
60

 
(138)

 
(496)

 
1

 

-

 

-

 
(650)

Recoveries

 
30

 

-

 

-

 
263

 

-

 

-

 

-

 
293

Loans charged off

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
320

 

$
2,719

 

$
77

 

$
1,104

 

$
9

 

$
17

 

$

-

 

$
4,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

June 30, 2018

 

 

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

 

$
82

 

$

-

 

$

-

 

$
415

 

$

-

 

$
4

 

$

-

 

$
501

Collectively evaluated for impairment

 
435

 
2,656

 
61

 
510

 
18

 
2

 

-

 
3,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Total ending allowance balance

 

$
517

 

$
2,656

 

$
61

 

$
925

 

$
18

 

$
6

 

$

-

 

$
4,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment

 

$
618

 

$
328

 

$

-

 

$
7,554

 

$

-

 

$
64

 

$

-

 

$
8,564

Loans collectively evaluated for impairment

 
99,399

 
231,341

 
6,007

 
21,775

 
1,761

 
137

 
7

 
360,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total ending loans balance

 

$
100,017

 

$
231,669

 

$
6,007

 

$
29,329

 

$
1,761

 

$
201

 

$
7

 

$
368,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

 

$
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually evaluated for impairment by loan type

 

 

 

June 30, 2018

 

December 31, 2017

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

Church

 

$
4,729

 

$
2,936

 

$

-

 

$
5,140

 

$
3,291

 

$

-

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

Single family

 
618

 
618

 
82

 
627

 
627

 
100

 

Multi-family

 
328

 
328

 

-

 
333

 
333

 
1

 

Church

 
4,618

 
4,618

 
415

 
5,028

 
4,989

 
479

 

Commercial - other

 
64

 
64

 
4

 
65

 
65

 
5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
10,357

 

$
8,564

 

$
501

 

$
11,193

 

$
9,305

 

$
585

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

Three Months Ended June 30, 2018

 

Three Months Ended June 30, 2017

 

 

Average
Recorded
Investment

 

Cash Basis
Interest
Income
Recognized

 

Average
Recorded
Investment

 

Cash Basis
Interest
Income
Recognized

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Single family

 

 

$
620

 

 

 

$
7

 

 

 

$
638

 

 

 

$
7

 

Multi-family

 

 
331

 

 

 
6

 

 

 
635

 

 

 
12

 

Commercial real estate

 

 

-

 

 

 

-

 

 

 
992

 

 

 
104

 

Church

 

 
7,692

 

 

 
112

 

 

 
9,625

 

 

 
109

 

Commercial – other

 

 
65

 

 

 
1

 

 

 
66

 

 

 
1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

$
8,708

 

 

 

$
126

 

 

 

$
11,956

 

 

 

$
233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

Six Months Ended June 30, 2017

 

 

Average
Recorded
Investment

 

Cash Basis
Interest
Income
Recognized

 

Average
Recorded
Investment

 

Cash Basis
Interest
Income
Recognized

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Single family

 

 

$
622

 

 

 

$
15

 

 

 

$
640

 

 

 

$
14

 

Multi-family

 

 
331

 

 

 
12

 

 

 
638

 

 

 
23

 

Commercial real estate

 

 

-

 

 

 

-

 

 

 
567

 

 

 
104

 

Church

 

 
7,849

 

 

 
286

 

 

 
9,998

 

 

 
336

 

Commercial – other

 

 
65

 

 

 
2

 

 

 
66

 

 

 
2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

$
8,867

 

 

 

$
315

 

 

 

$
11,909

 

 

 

$
479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aging of the recorded investment in past due loans by loan type

 

 

 

June 30, 2018

 

 

30-59
Days
Past Due

 

60-89
Days
Past Due

 

Greater
than
90 Days
Past Due

 

Total
Past Due

 

Current

 

Total

 

 

(In thousands)

Loans receivable held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

Single family

 

$

-

 

$

-

 

$

-

 

$

-

 

$
100,017

 

$
100,017

Multi-family

 

-

 

-

 

-

 

-

 
231,669

 
231,669

Commercial real estate

 

-

 

-

 

-

 

-

 
6,007

 
6,007

Church

 

-

 

-

 

-

 

-

 
29,329

 
29,329

Construction

 

-

 

-

 

-

 

-

 
1,761

 
1,761

Commercial - other

 

-

 

-

 

-

 

-

 
201

 
201

Consumer

 

-

 

-

 

-

 

-

 
7

 
7

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

-

 

$

-

 

$

-

 

$

-

 

$
368,991

 

$
368,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

30-59
Days
Past Due

 

60-89
Days
Past Due

 

Greater
than
90 Days
Past Due

 

Total
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

 

 

 

June 30, 2018

 

December 31, 2017

 

 

(In thousands)

Loans receivable held for investment:

 

 

 

 

 

 

 

 

 

 

Church

 

 

$
1,247

 

 

 

$
1,766

 

 

 

 

 

 

 

 

 

 

 

 

Total non-accrual loans

 

 

$
1,247

 

 

 

$
1,766

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk categories of loans by loan type

 

 

 

June 30, 2018

 

 

 

Pass

 

Watch

 

Special Mention

 

Substandard

 

Doubtful

 

Loss

 

 

 

(In thousands)

 

Single family

 

  $
100,007

 

  $

-

 

  $

-

 

  $
11

 

  $

-

 

  $

-

 

Multi-family

 
228,897

 
1,815

 

-

 
957

 

-

 

-

 

Commercial real estate

 
6,007

 

-

 

-

 

-

 

-

 

-

 

Church

 
23,681

 
681

 

-

 
4,966

 

-

 

-

 

Construction

 
1,761

 

-

 

-

 

-

 

-

 

-

 

Commercial - other

 
137

 

-

 

-

 
64

 

-

 

-

 

Consumer

 
7

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

  $
360,497

 

  $
2,496

 

  $

-

 

  $
5,998

 

  $

-

 

  $

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

  $

-

 

  $

-