Loans Receivable Held for Investment (Tables)
|
12 Months Ended |
Dec. 31, 2012
|
Summary of Loans |
Loans at year-end were as
follows:
|
|
|
|
|
|
|
|
|
|
|
December
31, |
|
|
|
2012 |
|
|
2011 |
|
|
|
(In
thousands) |
|
Real estate:
|
|
|
|
|
|
|
|
|
One-to-four
units
|
|
$ |
57,733 |
|
|
$ |
76,682 |
|
Five or more
units
|
|
|
83,350 |
|
|
|
108,161 |
|
Commercial real
estate
|
|
|
41,124 |
|
|
|
54,259 |
|
Church
|
|
|
76,254 |
|
|
|
89,099 |
|
Construction
|
|
|
735 |
|
|
|
3,790 |
|
Commercial:
|
|
|
|
|
|
|
|
|
Sports
|
|
|
1,711 |
|
|
|
1,996 |
|
Other
|
|
|
2,115 |
|
|
|
4,900 |
|
Consumer:
|
|
|
|
|
|
|
|
|
Loan on savings
|
|
|
0 |
|
|
|
821 |
|
Other
|
|
|
104 |
|
|
|
108 |
|
|
|
|
|
|
|
|
|
|
Total gross loans
receivable
|
|
|
263,126 |
|
|
|
339,816 |
|
Less:
|
|
|
|
|
|
|
|
|
Loans in process
|
|
|
74 |
|
|
|
202 |
|
Net deferred loan fees
(costs)
|
|
|
(557 |
) |
|
|
(473 |
) |
Unamortized
discounts
|
|
|
17 |
|
|
|
18 |
|
Allowance for loan
losses
|
|
|
11,869 |
|
|
|
17,299 |
|
|
|
|
|
|
|
|
|
|
Loans receivable,
net
|
|
$ |
251,723 |
|
|
$ |
322,770 |
|
|
|
|
|
|
|
|
|
|
|
Allowance for Loan Losses by Portfolio Segment |
The following tables
present the activity in the allowance for loan losses by portfolio
segment for the years ended December 31, 2012 and
2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
December 31, 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
|
|
|
2,318 |
|
|
|
(747 |
) |
|
|
61 |
|
|
|
415 |
|
|
|
(241 |
) |
|
|
(561 |
) |
|
|
(55 |
) |
|
|
1,190 |
|
Recoveries
|
|
|
25 |
|
|
|
1 |
|
|
|
60 |
|
|
|
15 |
|
|
|
0 |
|
|
|
412 |
|
|
|
7 |
|
|
|
520 |
|
Loans charged
off
|
|
|
(5,138 |
) |
|
|
(104 |
) |
|
|
(544 |
) |
|
|
(1,354 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(7,140 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
2,060 |
|
|
$ |
2,122 |
|
|
$ |
2,685 |
|
|
$ |
4,818 |
|
|
$ |
8 |
|
|
$ |
98 |
|
|
$ |
78 |
|
|
$ |
11,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
December 31, 2011 |
|
|
|
One-to-four
units |
|
|
Five or
more units |
|
|
Commercial
real estate |
|
|
Church |
|
|
Construction |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(In
thousands) |
|
Beginning
balance
|
|
$ |
4,579 |
|
|
$ |
2,469 |
|
|
$ |
3,493 |
|
|
$ |
6,909 |
|
|
$ |
74 |
|
|
$ |
1,300 |
|
|
$ |
1,634 |
|
|
$ |
20,458 |
|
Provision for loan
losses
|
|
|
1,172 |
|
|
|
939 |
|
|
|
4,144 |
|
|
|
2,616 |
|
|
|
175 |
|
|
|
2,796 |
|
|
|
311 |
|
|
|
12,153 |
|
Recoveries
|
|
|
0 |
|
|
|
2 |
|
|
|
15 |
|
|
|
4 |
|
|
|
0 |
|
|
|
67 |
|
|
|
24 |
|
|
|
112 |
|
Loans charged
off
|
|
|
(896 |
) |
|
|
(438 |
) |
|
|
(4,544 |
) |
|
|
(3,787 |
) |
|
|
0 |
|
|
|
(3,916 |
) |
|
|
(1,843 |
) |
|
|
(15,424 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
4,855 |
|
|
$ |
2,972 |
|
|
$ |
3,108 |
|
|
$ |
5,742 |
|
|
$ |
249 |
|
|
$ |
247 |
|
|
$ |
126 |
|
|
$ |
17,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Loan Losses and Recorded Investment in Loans By Portfolio Segment and Based on Impairment Method |
The following tables
present the balance in the allowance for loan losses and the
recorded investment in loans by portfolio segment and based on
impairment method as of December 31, 2012 and 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
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 |
|
|
$ |
0 |
|
|
$ |
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2011 |
|
|
|
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
|
|
$ |
1,678 |
|
|
$ |
161 |
|
|
$ |
255 |
|
|
$ |
1,683 |
|
|
$ |
97 |
|
|
$ |
0 |
|
|
$ |
70 |
|
|
$ |
3,944 |
|
Collectively evaluated for
impairment
|
|
|
3,177 |
|
|
|
2,811 |
|
|
|
2,853 |
|
|
|
4,059 |
|
|
|
152 |
|
|
|
247 |
|
|
|
56 |
|
|
|
13,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance
balance
|
|
$ |
4,855 |
|
|
$ |
2,972 |
|
|
$ |
3,108 |
|
|
$ |
5,742 |
|
|
$ |
249 |
|
|
$ |
247 |
|
|
$ |
126 |
|
|
$ |
17,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for
impairment
|
|
$ |
13,246 |
|
|
$ |
3,837 |
|
|
$ |
7,396 |
|
|
$ |
31,494 |
|
|
$ |
302 |
|
|
$ |
0 |
|
|
$ |
70 |
|
|
$ |
56,345 |
|
Loans collectively
evaluated for impairment
|
|
|
63,436 |
|
|
|
104,324 |
|
|
|
46,863 |
|
|
|
57,605 |
|
|
|
3,488 |
|
|
|
6,896 |
|
|
|
859 |
|
|
|
283,471 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans
balance
|
|
$ |
76,682 |
|
|
$ |
108,161 |
|
|
$ |
54,259 |
|
|
$ |
89,099 |
|
|
$ |
3,790 |
|
|
$ |
6,896 |
|
|
$ |
929 |
|
|
$ |
339,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impaired Loans by Class of Loans |
The following table
presents information related to loans individually evaluated for
impairment by class of loans as of December 31, 2012 and
2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2012 |
|
|
December 31,
2011 |
|
|
|
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
|
|
$ |
1,986 |
|
|
$ |
1,484 |
|
|
$ |
0 |
|
|
$ |
6,904 |
|
|
$ |
4,636 |
|
|
$ |
0 |
|
Five or more
units
|
|
|
2,038 |
|
|
|
1,819 |
|
|
|
0 |
|
|
|
2,946 |
|
|
|
2,871 |
|
|
|
0 |
|
Commercial real
estate
|
|
|
10,184 |
|
|
|
6,423 |
|
|
|
0 |
|
|
|
9,105 |
|
|
|
5,449 |
|
|
|
0 |
|
Church
|
|
|
18,664 |
|
|
|
15,689 |
|
|
|
0 |
|
|
|
24,680 |
|
|
|
20,560 |
|
|
|
0 |
|
Construction
|
|
|
279 |
|
|
|
273 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sports
|
|
|
3,888 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,000 |
|
|
|
0 |
|
|
|
0 |
|
Other
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
285 |
|
|
|
0 |
|
|
|
0 |
|
With an
allowance
recorded:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four
units
|
|
|
3,092 |
|
|
|
3,092 |
|
|
|
719 |
|
|
|
8,610 |
|
|
|
8,610 |
|
|
|
1,678 |
|
Five or more
units
|
|
|
1,947 |
|
|
|
1,947 |
|
|
|
125 |
|
|
|
966 |
|
|
|
966 |
|
|
|
161 |
|
Commercial real
estate
|
|
|
3,941 |
|
|
|
3,941 |
|
|
|
543 |
|
|
|
1,947 |
|
|
|
1,947 |
|
|
|
255 |
|
Church
|
|
|
9,677 |
|
|
|
9,639 |
|
|
|
1,276 |
|
|
|
10,934 |
|
|
|
10,934 |
|
|
|
1,683 |
|
Construction
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
302 |
|
|
|
302 |
|
|
|
97 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
69 |
|
|
|
69 |
|
|
|
69 |
|
|
|
70 |
|
|
|
70 |
|
|
|
70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
55,765 |
|
|
$ |
44,376 |
|
|
$ |
2,732 |
|
|
$ |
70,749 |
|
|
$ |
56,345 |
|
|
$ |
3,944 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average of Individually Impaired Loans by Class of Loans and Related Interest Income |
The following table
presents monthly average of individually impaired loans by class of
loans and the related interest income for the years ended
December 31, 2012 and 2011.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2012 |
|
|
For the year ended December 31, 2011 |
|
|
|
Average
Recorded
Investment |
|
|
Cash
Basis
Interest
Income
Recognized
|
|
|
Average
Recorded
Investment |
|
|
Cash
Basis
Interest
Income
Recognized
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In
thousands) |
|
One-to-four
units
|
|
$ |
13,112 |
|
|
$ |
528 |
|
|
$ |
10,836 |
|
|
$ |
486 |
|
Five or more
units
|
|
|
2,964 |
|
|
|
86 |
|
|
|
3,199 |
|
|
|
153 |
|
Commercial real
estate
|
|
|
7,922 |
|
|
|
230 |
|
|
|
11,687 |
|
|
|
483 |
|
Church
|
|
|
30,802 |
|
|
|
967 |
|
|
|
30,148 |
|
|
|
1,445 |
|
Construction
|
|
|
290 |
|
|
|
12 |
|
|
|
314 |
|
|
|
23 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sports
|
|
|
0 |
|
|
|
0 |
|
|
|
2,566 |
|
|
|
0 |
|
Other
|
|
|
0 |
|
|
|
0 |
|
|
|
297 |
|
|
|
16 |
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan on savings
|
|
|
0 |
|
|
|
0 |
|
|
|
796 |
|
|
|
0 |
|
Other
|
|
|
70 |
|
|
|
5 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
55,160 |
|
|
$ |
1,828 |
|
|
$ |
59,843 |
|
|
$ |
2,606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded Investment in Nonaccrual Loans by Class of Loans |
The following table
presents the recorded investment in non-accrual loans by class of
loans as of December 31, 2012 and 2011:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2012 |
|
|
2011 |
|
|
|
(In
thousands) |
|
Loans receivable held
for sale:
|
|
|
|
|
|
|
|
|
One-to-four
units
|
|
$ |
6,656 |
|
|
$ |
0 |
|
Five or more
units
|
|
|
1,956 |
|
|
|
2,496 |
|
Commercial real
estate
|
|
|
0 |
|
|
|
338 |
|
Church
|
|
|
1,556 |
|
|
|
2,778 |
|
Loans receivable held
for investment:
|
|
|
|
|
|
|
|
|
One-to-four
units
|
|
|
1,489 |
|
|
|
7,974 |
|
Five or more
units
|
|
|
2,312 |
|
|
|
3,450 |
|
Commercial real
estate
|
|
|
7,090 |
|
|
|
5,449 |
|
Church
|
|
|
15,689 |
|
|
|
21,891 |
|
Construction
|
|
|
273 |
|
|
|
302 |
|
Consumer:
|
|
|
|
|
|
|
|
|
Other
|
|
|
69 |
|
|
|
70 |
|
|
|
|
|
|
|
|
|
|
Total non-accrual
loans
|
|
$ |
37,090 |
|
|
$ |
44,748 |
|
|
|
|
|
|
|
|
|
|
|
Aging of Recorded Investment in Past Due Loans, Including Loans Held For Sale |
The following tables
present the aging of the recorded investment in past due loans,
including loans held for sale, as of December 31, 2012 and
2011 by class of loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
$ |
0 |
|
|
$ |
871 |
|
|
$ |
6,656 |
|
|
$ |
7,527 |
|
|
$ |
389 |
|
Five or more
units
|
|
|
0 |
|
|
|
0 |
|
|
|
1,956 |
|
|
|
1,956 |
|
|
|
3,839 |
|
Commercial real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,358 |
|
Church
|
|
|
0 |
|
|
|
0 |
|
|
|
1,556 |
|
|
|
1,556 |
|
|
|
2,744 |
|
Loans receivable held
for investment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four
units
|
|
|
1,077 |
|
|
|
0 |
|
|
|
1,489 |
|
|
|
2,566 |
|
|
|
55,167 |
|
Five or more
units
|
|
|
587 |
|
|
|
554 |
|
|
|
2,312 |
|
|
|
3,453 |
|
|
|
79,897 |
|
Commercial real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
7,090 |
|
|
|
7,090 |
|
|
|
34,034 |
|
Church
|
|
|
1,617 |
|
|
|
0 |
|
|
|
15,689 |
|
|
|
17,306 |
|
|
|
58,948 |
|
Construction
|
|
|
0 |
|
|
|
0 |
|
|
|
273 |
|
|
|
273 |
|
|
|
462 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sports
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,711 |
|
Other
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,115 |
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
0 |
|
|
|
0 |
|
|
|
69 |
|
|
|
69 |
|
|
|
35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
3,281 |
|
|
$ |
1,425 |
|
|
$ |
37,090 |
|
|
$ |
41,796 |
|
|
$ |
240,699 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2011 |
|
|
|
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
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
2,496 |
|
|
$ |
2,496 |
|
|
$ |
3,899 |
|
Commercial real
estate
|
|
|
0 |
|
|
|
0 |
|
|
|
338 |
|
|
|
338 |
|
|
|
1,374 |
|
Church
|
|
|
0 |
|
|
|
0 |
|
|
|
2,778 |
|
|
|
2,778 |
|
|
|
2,772 |
|
Loans receivable held
for investment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One to four
units
|
|
|
921 |
|
|
|
2,464 |
|
|
|
7,974 |
|
|
|
11,359 |
|
|
|
65,323 |
|
Five or more
units
|
|
|
1,324 |
|
|
|
63 |
|
|
|
3,450 |
|
|
|
4,837 |
|
|
|
103,324 |
|
Commercial real
estate
|
|
|
2,247 |
|
|
|
525 |
|
|
|
5,449 |
|
|
|
8,221 |
|
|
|
46,038 |
|
Church
|
|
|
2,647 |
|
|
|
1,440 |
|
|
|
21,891 |
|
|
|
25,978 |
|
|
|
63,121 |
|
Construction
|
|
|
0 |
|
|
|
264 |
|
|
|
302 |
|
|
|
566 |
|
|
|
3,224 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sports
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,996 |
|
Other
|
|
|
125 |
|
|
|
0 |
|
|
|
0 |
|
|
|
125 |
|
|
|
4,775 |
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan on savings
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
821 |
|
Other
|
|
|
0 |
|
|
|
0 |
|
|
|
70 |
|
|
|
70 |
|
|
|
38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
7,264 |
|
|
$ |
4,756 |
|
|
$ |
44,748 |
|
|
$ |
56,768 |
|
|
$ |
296,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans by Class Modified as Troubled Debt Restructurings |
The following table
presents loans by class modified as troubled debt restructurings
that occurred during the years ended December 31, 2012 and
2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, 2012 |
|
|
Year Ended
December 31, 2011 |
|
|
|
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
|
|
|
2 |
|
|
$ |
115 |
|
|
$ |
115 |
|
|
|
9 |
|
|
$ |
7,711 |
|
|
$ |
7,745 |
|
Five or more
units
|
|
|
6 |
|
|
|
2,205 |
|
|
|
2,351 |
|
|
|
1 |
|
|
|
494 |
|
|
|
459 |
|
Commercial real
estate
|
|
|
6 |
|
|
|
4,515 |
|
|
|
4,716 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Church
|
|
|
13 |
|
|
|
7,036 |
|
|
|
7,123 |
|
|
|
12 |
|
|
|
9,211 |
|
|
|
8,681 |
|
Other
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
70 |
|
|
|
70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
28 |
|
|
$ |
13,871 |
|
|
$ |
14,305 |
|
|
|
23 |
|
|
$ |
17,486 |
|
|
$ |
16,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans by Class Modified as Troubled Debt Restructurings |
The following table
presents loans by class modified as troubled debt restructurings
for which there was a payment default within twelve months
following the modification during the years ended December 31,
2012 and 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2012 |
|
|
Year Ended December 31, 2011 |
|
|
|
Number of
Loans |
|
|
Pre-Modification
Outstanding
Recorded
Investment |
|
|
Number of
Loans |
|
|
Pre-Modification
Outstanding
Recorded
Investment |
|
|
|
(Dollars in
thousands) |
|
Commercial real
estate
|
|
|
0 |
|
|
$ |
0 |
|
|
|
1 |
|
|
$ |
418 |
|
Church
|
|
|
4 |
|
|
|
3,211 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
4 |
|
|
$ |
3,211 |
|
|
|
1 |
|
|
$ |
418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Loan Risk Rating by Category |
Based on the most recent
analysis performed, the risk category of loans by class of loans as
of December 31, 2012 and December 31, 2011 was as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2012 |
|
|
|
Pass |
|
|
Special Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Loss |
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
|
|
|
|
|
One-to-four
units
|
|
$ |
55,613 |
|
|
$ |
631 |
|
|
$ |
1,489 |
|
|
$ |
0 |
|
|
$ |
0 |
|
Five or more
units
|
|
|
73,673 |
|
|
|
5,250 |
|
|
|
4,427 |
|
|
|
0 |
|
|
|
0 |
|
Commercial real
estate
|
|
|
25,605 |
|
|
|
2,541 |
|
|
|
12,921 |
|
|
|
57 |
|
|
|
0 |
|
Church
|
|
|
33,532 |
|
|
|
19,502 |
|
|
|
23,220 |
|
|
|
0 |
|
|
|
0 |
|
Construction
|
|
|
462 |
|
|
|
0 |
|
|
|
273 |
|
|
|
0 |
|
|
|
0 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sports
|
|
|
0 |
|
|
|
1,711 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Other
|
|
|
1,877 |
|
|
|
141 |
|
|
|
97 |
|
|
|
0 |
|
|
|
0 |
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
35 |
|
|
|
0 |
|
|
|
69 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
190,797 |
|
|
$ |
29,776 |
|
|
$ |
42,496 |
|
|
$ |
57 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2011 |
|
|
|
Pass |
|
|
Special Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Loss |
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
|
|
|
|
|
One-to-four
units
|
|
$ |
63,483 |
|
|
$ |
3,044 |
|
|
$ |
9,846 |
|
|
$ |
309 |
|
|
$ |
0 |
|
Five or more
units
|
|
|
95,621 |
|
|
|
7,450 |
|
|
|
4,939 |
|
|
|
151 |
|
|
|
0 |
|
Commercial real
estate
|
|
|
36,098 |
|
|
|
6,721 |
|
|
|
11,364 |
|
|
|
76 |
|
|
|
0 |
|
Church
|
|
|
37,532 |
|
|
|
13,100 |
|
|
|
37,873 |
|
|
|
594 |
|
|
|
0 |
|
Construction
|
|
|
500 |
|
|
|
2,988 |
|
|
|
302 |
|
|
|
0 |
|
|
|
0 |
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sports
|
|
|
0 |
|
|
|
1,996 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Other
|
|
|
2,363 |
|
|
|
2,369 |
|
|
|
168 |
|
|
|
0 |
|
|
|
0 |
|
Consumer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan on savings
|
|
|
821 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Other
|
|
|
108 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
236,526 |
|
|
$ |
37,668 |
|
|
$ |
64,492 |
|
|
$ |
1,130 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|