Loans Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Composition of Loan Portfolio by Type of Loan

The components of loans receivable in the consolidated balance sheets as of December 31, 2013, and December 31, 2012, were as follows:

	December 31, 2013						December 31, 2012
	Amount			Percent			Amount			Percent
Real estate loans:
One-to-four family (closed end) first mortgages	$	155,252			28.1	%	$	162,335			30.3	%
Second mortgages (closed end)		3,248			0.6	%		4,336			0.8	%
Home equity lines of credit		34,103			6.2	%		37,083			6.9	%
Multi-family		29,736			5.4	%		33,056			6.2	%
Construction		10,618			1.9	%		18,900			3.5	%
Land		34,681			6.3	%		45,906			8.6	%
Farmland		51,868			9.4	%		46,799			8.7	%
Non-residential real estate		157,692			28.5	%		122,637			22.9	%
Total mortgage loans		477,198			86.4	%		471,052			87.9	%
Consumer loans		11,167			2.0	%		13,886			2.6	%
Commercial loans		64,041			11.6	%		50,549			9.5	%
Total other loans		75,208			13.6	%		64,435			12.1	%
Total loans, gross		552,406			100.0	%		535,487			100.0	%
Deferred loan cost, net of fees		(92	)					146
Less allowance for loan losses		(8,682	)					(10,648	)
Total loans	$	543,632					$	524,985

Summary of the Company's Impaired Loans

Loans by classification type and the related valuation allowance amounts at December 31, 2013, were as follows:

	Pass		Special Mention		Impaired Loans				Total		Specific Allowance for Impairment		Allowance for Loans not Impaired
					Substandard		Doubtful
December 31, 2013
One-to-four family mortgages	$	149,351		814		5,087		—		155,252		597		1,451
Home equity line of credit		33,462		—		641		—		34,103		—		218
Junior lien		3,126		43		79		—		3,248		—		39
Multi-family		29,736		—		—		—		29,736		—		466
Construction		10,443		—		175		—		10,618		—		88
Land		19,899		52		14,730		—		34,681		771		534
Non-residential real estate		143,044		515		14,133		—		157,692		465		2,254
Farmland		46,042		480		5,346		—		51,868		—		510
Consumer loans		10,727		—		440		—		11,167		96		445
Commercial loans		61,502		526		2,013		—		64,041		—		748
Total	$	507,332		2,430		42,644		—		552,406		1,929		6,753

Loans by classification type and the related valuation allowance amounts at December 31, 2012, were as follows:

	Pass		Special Mention		Impaired Loans				Total		Specific Allowance for Impairment		Allowance for Loans not Impaired
					Substandard		Doubtful
December 31, 2012
One-to-four family mortgages	$	156,961		779		4,595		—		162,335		754		1,736
Home equity line of credit		34,737		1,109		1,237		—		37,083		68		306
Junior lien		3,821		47		468		—		4,336		196		34
Multi-family		27,463		1,478		4,115		—		33,056		38		486
Construction		14,052		—		4,848		—		18,900		—		256
Land		14,374		7,683		23,849		—		45,906		932		1,252
Non-residential real estate		146,443		1,899		21,094		—		169,436		1,424		2,209
Consumer loans		13,330		—		556		—		13,886		121		217
Commercial loans		44,191		516		5,842		—		50,549		308		311
Total	$	455,372		13,511		66,604		—		535,487		3,841		6,807

Impaired Loans by Classification Type

Impaired loans by classification type and the related valuation allowance amounts at December 31, 2013, were as follows:

							For the year ended December 31, 2013
	At December 31, 2013
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no specific allowance
One-to-four family mortgages	$	3,216		3,216		—		2,361		8
Home equity line of credit		641		641		—		564		3
Junior liens		79		79		—		239		1
Multi-family		—		—		—		990		—
Construction		175		175		—		1,072		5
Land		10,882		12,315		—		10,668		186
Non-residential real estate		10,775		10,775		—		6,196		263
Farmland		5,346		5,346				6,955		149
Consumer loans		56		56		—		48		—
Commercial loans		2,013		2,013		—		2,391		95
Total		33,183		34,616		—		31,484		710

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with a specific allowance
One-to-four family mortgages	$	1,871		1,871		597		2,501		9
Home equity line of credit		—		—		—		279		—
Junior liens		—		—		—		113		—
Multi-family		—		—		—		—		—
Construction		—		—		—		1,385		—
Land		3,848		3,848		771		2,741		29
Non-residential real estate		3,358		4,222		465		2,243		111
Farmland		—		—		—		1,601		—
Consumer loans		384		384		96		401		—
Commercial loans		—		—		—		346		—
Total		9,461		10,325		1,929		11,610		149
Total impaired loans	$	42,644		44,941		1,929		43,094		859

Impaired loans by classification type and the related valuation allowance amounts at December 31, 2012, were as follows:

	At December 31, 2012						For the year ended December 31, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no specific allowance
One-to-four family mortgages	$	1,759		1,759		—		5,279		107
Home equity line of credit		1,169		1,169		—		869		50
Junior lien		—		—		—		281		3
Multi-family		4,077		4,077		—		3,626		219
Construction		4,848		4,848		—		3,133		174
Land		20,279		20,279		—		19,857		504
Non-residential real estate		15,363		15,363		—		19,936		855
Consumer loans		81		81		—		66		5
Commercial loans		1,617		1,617		—		2,701		165
Total		49,193		49,193		—		55,748		2,082

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with a specific allowance
One-to-four family mortgages	$	2,836		2,836		754		3,135		145
Home equity line of credit		68		68		68		162		3
Junior lien		468		468		196		365		38
Multi-family		38		38		38		2,640		4
Construction		—		—		—		1,095		—
Land		3,570		3,570		932		4,848		213
Non-residential real estate		5,731		5,731		1,424		6,578		323
Consumer loans		475		475		121		281		1
Commercial loans		4,225		4,225		308		4,470		28
Total		17,411		17,411		3,841		23,574		755
Total impaired loans	$	66,604		66,604		3,841		79,322		2,837

Allowance for Loan Loss Account by Loan

The following table provides a detail of the Company’s activity in the allowance for loan loss account allocated by loan type for the year ended December 31, 2013:

Year ended December 31, 2013	Balance 12/31/2012		Charge off 2013			Recovery 2013		General Provision 2013			Specific Provision 2013			Ending Balance 12/31/2013
One-to-four family mortgages	$	2,490		(852	)		329		(285	)		366			2,048
Home equity line of credit		374		(22	)		9		(88	)		(55	)		218
Junior liens		230		(119	)		71		5			(148	)		39
Multi-family		524		(38	)		164		(20	)		(164	)		466
Construction		256		—			—		(168	)		—			88
Land		2,184		(1,432	)		9		(718	)		1,262			1,305
Non-residential real estate		2,921		(1,041	)		14		757			68			2,719
Farmland		712		—			—		(202	)		—			510
Consumer loans		338		(649	)		246		228			378			541
Commercial loans		619		(291	)		32		437			(49	)		748
	$	10,648		(4,444	)		874		(54	)		1,658			8,682

The following table provides a detail of the Company’s activity in the allowance for loan loss account allocated by loan type for the year ended December 30, 2012:

Year ended December 31, 2012	Balance 12/31/2011		Charge off 2012			Recovery 2012		General Provision 2012			Specific Provision 2012			Ending Balance 12/31/2012
One-to-four family mortgages	$	2,640		(379	)		81		324			(176	)		2,490
Home equity line of credit		408		(67	)		6		6			21			374
Junior liens		277		(1	)		4		—			(50	)		230
Multi-family		1,201		(417	)		—		429			(689	)		524
Construction		139		—			—		117			—			256
Land		1,332		(1,033	)		405		635			845			2,184
Non-residential real estate		3,671		(1,120	)		137		1,033			(88	)		3,633
Consumer loans		262		(510	)		150		404			32			338
Commercial loans		1,332		(157	)		12		(171	)		(397	)		619
	$	11,262		(3,684	)		795		2,777			(502	)		10,648

Non-accrual Loans

For the years ended December 31, 2013, and December 31, 2012, the components of the Company’s balances of non-accrual loans are as follows:

	12/31/2013		12/31/2012
One-to-four family first mortgages	$	945		2,243
Home equity lines of credit		1		66
Junior liens		2		4
Multi-family		—		38
Construction		175		—
Land		1,218		2,768
Non-residential real estate		6,546		1,134
Farmland		703		648
Consumer loans		13		145
Commercial loans		463		617
Total non-accrual loans	$	10,066		7,663

Past Due and Non-accrual Balances by Loan Classification

The table below presents past due balances at December 31, 2013, by loan classification allocated between performing and non-performing:

	Currently Performing		30-89 Days Past Due		Non-accrual Loans		Special Mention		Impaired Loans Currently Performing				Total
									Substandard		Doubtful
One-to-four family mortgages	$	148,759		592		945		814		4,142		—		155,252
Home equity line of credit		33,369		93		1		—		640		—		34,103
Junior liens		3,126		—		2		43		77		—		3,248
Multi-family		29,736		—		—		—		—		—		29,736
Construction		10,443		—		175		—		—		—		10,618
Land		19,899		—		1,218		52		13,512		—		34,681
Non-residential real estate		142,701		343		6,546		515		7,587		—		157,692
Farmland		46,042		—		703		480		4,643		—		51,868
Consumer loans		10,493		234		13		—		427		—		11,167
Commercial loans		61,379		123		463		526		1,550		—		64,041
Total	$	505,947		1,385		10,066		2,430		32,578		—		552,406

The table below presents past due balances at December 31, 2012, by loan classification allocated between performing and non-performing:

	Currently Performing		30-89 Days Past Due		Non-accrual Loans		Special Mention		Impaired Loans Currently Performing				Total
									Substandard		Doubtful
One-to-four family mortgages	$	155,936		1,339		2,243		779		2,038		—		162,335
Home equity line of credit		34,732		5		66		1,109		1,171		—		37,083
Junior liens		3,584		237		4		47		464		—		4,336
Multi-family		27,463		—		38		1,478		4,077		—		33,056
Construction		13,876		176		—		—		4,848		—		18,900
Land		14,237		137		2,768		7,683		21,081		—		45,906
Non-residential real estate		146,150		293		1,782		1,899		19,312		—		169,436
Consumer loans		13,266		74		145		—		401		—		13,886
Commercial loans		43,961		230		617		516		5,225		—		50,549
Total	$	453,205		2,491		7,663		13,511		58,617		—		535,487

Summary of the Activity in Loans Classified as TDRs

A summary of the activity in loans classified as TDRs for the twelve month period ended December 31, 2013, is as follows:

	Balance at 12/31/12		New TDR		Loss or Foreclosure			Removed due to Payment or Performance			Removed from (Taken to) Non-accrual			Balance at 12/31/13
	(Dollars in Thousands)
One-to-four family mortgages	$	1,888		242		—			(1,863	)		(267	)		—
Home equity line of credit		—		—		—			—			—			—
Junior Lien		96		—		—			(10	)		(86	)		—
Multi-family		234		—		—			(234	)		—			—
Construction		4,112		—		—			—			(4,112	)		—
Land		656		2,649		(393	)		(656	)		(2,256	)		—
Non-residential real estate		3,173		266		(864	)		—			(2,575	)		—
Farmland		865		—		—			(865	)		—			—
Consumer loans		5		—		—			(5	)		—			—
Commercial loans		9		222		—			(231	)		—			—
Total performing TDR	$	11,038		3,379		(1,257	)		(3,864	)		(9,296	)		—

Company's Loans Classified as Troubled Debt Restructurings (TDR's)

A summary of the Company’s loans classified as Troubled Debt Restructuring (TDR’s) that are reported as performing and non-performing at December 31, 2013 and December 31, 2012 is below:

	2013		2012
Total TDR:
One-to-four family mortgages	$	—		1,888
Home equity line of credit		—		—
Junior lien		—		196
Multi-family		—		234
Construction		—		4,112
Land		—		3,424
Non-residential real estate		—		3,173
Farmland		—		909
Consumer loans		—		5
Commercial loans		—		128
		—		14,069
Less:
TDR in non-accrual status
One-to-four family mortgages		—		—
Home equity line of credit		—		—
Junior lien		—		(100	)
Multi-family		—		—
Construction		—		—
Land		—		(2,768	)
Farmland		—		(44	)
Non-residential real estate		—		—
Consumer loans		—		—
Commercial loans		—		(119	)
Total performing TDR	$	—		11,038

Summary of Loans to Officers, Directors and Their Affiliates

The following summarizes activity of loans to officers and directors and their affiliates for the years ended December 31, 2013, and December 31, 2012:

	2013			2012
Balance at beginning of period	$	8,846			10,917
New loans		410			2,463
Principal repayments		(4,456	)		(4,534	)
Balance at end of period	$	4,800			8,846