Loans Held for Investment (Tables)

12 Months Ended

Dec. 31, 2014

Loans Held for Investment

Schedule of components of loans held for investment

	2014			2013
	(in thousands)
Business loans:
Commercial and industrial	$	428,207		$	187,035
Commercial owner occupied	210,995			221,089
SBA	28,404			10,659
Warehouse facilities	113,798			87,517
Real estate loans:
Commercial non-owner occupied	359,213			333,544
Multi-family	262,965			233,689
One-to-four family	122,795			145,235
Construction	89,682			13,040
Land	9,088			7,605
Other loans	3,298			3,839
Total gross loans	1,628,445			1,243,252
Plus (less):
Loans held for sale	—			(3,147		)
Deferred loan origination fees-net	177			18
Allowance for estimated loan losses	(12,200		)	(8,200		)
Loans held for investment, net	$	1,616,422		$	1,231,923

Summary of Company's investment in purchased credit impaired loans

	For the Years Ended December 31,
	2014		2013		2012
	(in thousands)
Business loans:
Commercial and industrial	$	94	$	80	$	308
Commercial owner occupied	546		870		1,221
Real estate loans:
Commercial non-owner occupied	956		1,009		2,447
One-to-four family	5		18		30
Land	—		—		2,313
Total purchase credit impaired	$	1,601	$	1,977	$	6,319

Summary of accretable yield on purchased credit impaired

	For the Years Ended December 31,
	2014			2013			2012
	(in thousands)
Balance at the beginning of period	$	1,676		$	2,276		$	3,248
Accretable yield at acquisition	—			—			3,908
Accretion	(255		)	(557		)	(4,846		)
Disposals and other	(18		)	(648		)	(66		)
Change in accretable yield	—			605			32
Balance at the end of period	$	1,403		$	1,676		$	2,276

Summary of Company's investment in impaired loans

					Impaired Loans				Specific
	Recorded Investment		Unpaid Principal Balance		With Specific Allowance		Without Specific Allowance		Allowance for Impaired Loans		Average Recorded Investment		Interest Income Recognized
	(in thousands)
December 31, 2014
Business loans:
Commercial and industrial	$	—	$	—	$	—	$	—	$	—	$	11	$	—
Commercial owner occupied	388		440		—		388		—		514		46
SBA	—		—		—		—		—		5		—
Real estate loans:
Commercial non-owner occupied	848		1,217		—		848		—		908		85
One-to-four family	236		256		—		236		—		440		17
Totals	$	1,472	$	1,913	$	—	$	1,472	$	—	$	1,878	$	148
December 31, 2013
Business loans:
Commercial and industrial	$	—	$	—	$	—	$	—	$	—	$	255	$	17
Commercial owner occupied	747		872		—		747		—		177		66
SBA	14		246		—		14		—		70		28
Real estate loans:
Commercial non-owner occupied	983		1,202		28		955		1		984		68
Multi-family	—		—		—		—		—		108		2
One-to-four family	683		746		278		405		104		743		44
Totals	$	2,427	$	3,066	$	306	$	2,121	$	105	$	2,337	$	225
December 31, 2012
Business loans:
Commercial and industrial	$	593	$	707	$	287	$	306	$	270	$	203	$	29
Commercial owner occupied	—		—		—		—		—		444		—
SBA	259		810		—		259		—		468		21
Real estate loans:
Commercial non-owner occupied	670		746		—		670		—		1,031		59
Multi-family	266		315		—		266		—		1,123		22
One-to-four family	948		960		541		407		395		720		59
Totals	$	2,736	$	3,538	$	828	$	1,908	$	665	$	3,989	$	190

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, 2014
Business loans:
Commercial and industrial	$	426,379	$	—	$	1,828	$	428,207
Commercial owner occupied	202,390		—		8,605		210,995
SBA	28,132		272		—		28,404
Warehouse facilities	113,798		—		—		113,798
Real estate loans:
Commercial non-owner occupied	355,274		—		3,939		359,213
Multi-family	261,956		501		508		262,965
One-to-four family	122,146		—		649		122,795
Construction	89,682		—		—		89,682
Land	9,088		—		—		9,088
Other loans	3,298		—		—		3,298
Totals	$	1,612,143	$	773	$	15,529	$	1,628,445

	Credit Risk Grades
			Special				Total Gross
	Pass		Mention		Substandard		Loans
	(in thousands)
December 31, 2013
Business loans:
Commercial and industrial	$	184,247	$	12	$	2,776	$	187,035
Commercial owner occupied	207,872		1,217		12,000		221,089
SBA	10,659		—		—		10,659
Warehouse facilities	87,517		—		—		87,517
Real estate loans:
Commercial non-owner occupied	329,538		352		3,654		333,544
Multi-family	232,661		511		517		233,689
One-to-four family	144,152		—		1,083		145,235
Construction	13,040		—		—		13,040
Land	7,605		—		—		7,605
Other loans	3,834		—		5		3,839
Totals	$	1,221,125	$	2,092	$	20,035	$	1,243,252

Schedule of credit quality of the loan portfolio

			Days Past Due						Total Gross
	Current		30-59		60-89		90+		Loans		Non-accruing
	(in thousands)
December 31, 2014
Business loans:
Commercial and industrial	$	428,183	$	—	$	24	$	—	$	428,207	$	—
Commercial owner occupied	210,995		—		—		—		210,995		514
SBA	28,404		—		—		—		28,404		—
Warehouse facilities	113,798		—		—		—		113,798		—
Real estate loans:
Commercial non-owner occupied	359,213		—		—		—		359,213		848
Multi-family	262,965		—		—		—		262,965		—
One-to-four family	122,722		19		—		54		122,795		82
Construction	89,682		—		—		—		89,682		—
Land	9,088		—		—		—		9,088		—
Other loans	3,297		1		—		—		3,298		—
Totals	$	1,628,347	$	20	$	24	$	54	$	1,628,445	$	1,444

			Days Past Due						Total Gross
	Current		30-59		60-89		90+		Loans		Non-accruing
December 31, 2013
Business loans:
Commercial and industrial	$	187,035	$	—	$	—	$	—	$	187,035	$	—
Commercial owner occupied	219,875		768		—		446		221,089		747
SBA	10,645		—		—		14		10,659		14
Warehouse facilities	87,517		—		—		—		87,517		—
Real estate loans:
Commercial non-owner occupied	332,984		—		—		560		333,544		983
Multi-family	233,689		—		—		—		233,689		—
One-to-four family	145,041		71		—		123		145,235		507
Construction	13,040		—		—		—		13,040		—
Land	7,605		—		—		—		7,605		—
Other loans	3,709		130		—		—		3,839		—
Totals	$	1,241,140	$	969	$	—	$	1,143	$	1,243,252	$	2,251