Loans Held for Investment (Tables)

12 Months Ended

Dec. 31, 2012

Loans Held for Investment

Schedule of components of loans held for investment

	2012			2011
	(in thousands)
Real estate loans:
Multi-family	$	156,424		$	193,830
Commercial non-owner occupied	253,409			164,341
One-to-four family	97,463			60,027
Construction	—			—
Land	8,774			6,438
Business loans:
Commercial owner occupied	150,934			152,299
Commercial and industrial	115,354			86,684
Warehouse facilities	195,761			67,518
SBA	6,882			4,727
Other loans	1,193			3,390
Total gross loans	986,194			739,254
Plus (less):
Loans held for sale	(3,681		)	—
Deferred loan origination fees-net	(306		)	(665		)
Allowance for estimated loan losses	(7,994		)	(8,522		)
Loans held for investment, net	$	974,213		$	730,067

Summary of purchased credit impaired loans

	For the Years Ended December 31,
	2012		2011		2010
	(in thousands)
Real estate loans:
Commercial non-owner occupied	$	2,447	$	3,297	$	—
One-to-four family	30		1,092		—
Land	2,313		52		—
Business loans:
Commercial owner occupied	1,221		1,930		—
Commercial and industrial	308		117		—
Total purchase credit impaired	$	6,319	$	6,488	$	—

Summary of Company's investment in impaired loans

					Impaired Loans
	Recorded Investment		Unpaid Principal Balance		With Specific Allowance		Without Specific Allowance		Specific Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
	(in thousands)
December 31, 2012
Real estate loans:
Multi-family	$	266	$	315	$	—	$	266	$	—	$	1,123	$	22
Commercial non-owner occupied	670		746		—		670		—		1,031		59
One-to-four family	948		960		541		407		395		720		59
Business loans:
Commercial owner occupied	—		—		—		—		—		444		—
Commercial and industrial	593		707		287		306		270		203		29
SBA	259		810		—		259		—		468		21
Totals	$	2,736	$	3,538	$	828	$	1,908	$	665	$	3,989	$	190
December 31, 2011
Real estate loans:
Multi-family	$	1,423	$	1,450	$	—	$	1,423	$	—	$	2,309	$	88
Commercial non-owner occupied	1,495		1,592		—		1,495		—		2,283		198
One-to-four family	521		705		—		521		—		311		47
Business loans:
Commercial owner occupied	1,641		1,771		—		1,641		—		1,635		64
Commercial and industrial	1,138		1,321		—		1,138		—		373		62
SBA	773		2,427		—		773		—		887		68
Other loans	—		—		—		—		—		2		—
Totals	$	6,991	$	9,266	$	—	$	6,991	$	—	$	7,811	$	528
December 31, 2010
Real estate loans:
Multi-family	$	1,156	$	1,156	$	—	$	1,156	$	—	$	2,114	$	94
Commercial investor	2,068		2,068		465		1,603		47		1,949		127
One-to-four family	223		224		—		223		—		249		15
Business loans:
Commercial owner occupied	2,225		2,342		—		2,225		—		1,331		—
Commercial and industrial	54		169		—		54		—		270		14
SBA	1,092		1,751		—		1,092		—		969		14
Totals	$	6,818	$	7,710	$	465	$	6,353	$	47	$	6,882	$	264

Summary of loan portfolio by the Company's internal risk grading system

	Credit Risk Grades
			Special				Total Gross
	Pass		Mention		Substandard		Loans
	(in thousands)
December 31, 2012
Real estate loans:
Multi-family	$	143,003	11,583		1,838		$	156,424
Commercial non-owner occupied	240,585		687		12,137		253,409
One-to-four family	96,061		—		1,402		97,463
Land	8,762		—		12		8,774
Business loans:
Commercial owner occupied	136,330		2,674		11,930		150,934
Commercial and industrial	111,895		92		3,367		115,354
Warehouse facilities	195,761		—		—		195,761
SBA	6,819		—		63		6,882
Other loans	1,177		—		16		1,193
Totals	$	940,393	$	15,036	$	30,765	$	986,194

	Credit Risk Grades
			Special				Total Gross
	Pass		Mention		Substandard		Loans
	(in thousands)
December 31, 2011
Real estate loans:
Multi-family	$	176,477	$	13,286	$	4,067	$	193,830
Commercial non-owner occupied	160,051		676		3,614		164,341
One-to-four family	57,685		—		2,342		60,027
Land	6,386		—		52		6,438
Business loans:
Commercial owner occupied	138,975		5,689		7,635		152,299
Commercial and industrial	83,441		1,046		2,197		86,684
Warehouse facilities	67,518		—		—		67,518
SBA	4,548		—		179		4,727
Other loans	3,352		—		38		3,390
Totals	$	698,433	$	20,697	$	20,124	$	739,254

Schedule of information concerning the credit quality of the loan portfolio

			Days Past Due
											Non-
	Current		30-59		60-89		90+		Total		Accruing
December 31, 2012	(in thousands)
Real estate loans:
Multi-family	$	156,424	$	—	$	—	$	—	$	156,424	$	266
Commercial non-owner occupied	253,409		—		—		—		253,409		670
One-to-four family	97,283		101		—		79		97,463		522
Land	8,774		—		—		—		8,774		127
Business loans:
Commercial owner occupied	150,689		—		245		—		150,934		14
Commercial and industrial	115,078		—		58		218		115,354		347
Warehouse facilities	195,761		—		—		—		195,761		—
SBA	6,697		—		—		185		6,882		259
Other loans	1,188		5		—		—		1,193		—
Totals	$	985,303	$	106	$	303	$	482	$	986,194	$	2,205

			Days Past Due
											Non-
	Current		30-59		60-89		90+		Total		Accruing
December 31, 2011
Real estate loans:
Multi-family	$	193,830	$	—	$	—	$	—	$	193,830	$	293
Commercial non-owner occupied	162,663		434		—		1,244		164,341		1,495
One-to-four family	59,503		201		—		323		60,027		323
Land	5,769		—		617		52		6,438		52
Business loans:
Commercial owner occupied	151,380		—		—		919		152,299		2,053
Commercial and industrial	85,615		12		—		1,057		86,684		1,177
Warehouse facilities	67,518								67,518		—
SBA	3,900		49		113		665		4,727		700
Other loans	3,386		3		1		—		3,390		—
Totals	$	733,564	$	699	$	731	$	4,260	$	739,254	$	6,093