Foreclosed Asset

12 Months Ended

Dec. 31, 2018

Banking and Thrift [Abstract]

Foreclosed Asset

(13) Foreclosed Asset:

The Company’s foreclosed asset balances at December 31, 2018 and December 31, 2017 represent properties and personal collateral acquired by the Bank through customer loan defaults. The property is recorded at fair value less selling cost at the date acquired with any loss recognized as a charge off through the allowance for loan loss account. Additional real estate and other asset losses may be determined on individual properties at specific intervals or at the time of disposal. Additional losses are recognized as a non-interest expense. The compensation and activity in the Company’s foreclosed assets are summarized below:

	Balance							Reduction			Gain			Balance
	12/31/2017		Foreclosure		Sales			in Values			on Sale			12/31/2018
One-to-four family mortgages	$	169		241		(164	)		(5	)		15		$	256
Non-residential real estate		—		142		—			—			—			142
Land		3,200		—		—			—			—			3,200
Total		3,369		383		(164	)		(5	)		15			3,598
	Balance							Reduction			Gain (Loss)			Balance
	12/31/2016		Foreclosure		Sales			in Values			on Sale			12/31/2017
One-to-four family mortgages	$	163		1,069		(1,237	)		(10	)		184		$	169
Multi-family		1,775		—		(1,761	)		—			(14	)		—
Non-residential real estate		459		43		(500	)		—			(2	)		—
Land		—		3,200		—			—			—			3,200
Total		2,397		4,312		(3,498	)		(10	)		168			3,369
	Balance							Reduction			Gain (Loss)			Balance
	12/31/2015		Foreclosure		Sales			in Values			on Sale			12/31/2016
One-to-four family  mortgages	$	55		203		(77	)		(8	)		(10	)	$	163
Multi-family		—		1,915		(153	)		—			13			1,775
Non-residential real estate		738		—		(270	)		—			(9	)		459
Consumer		—		15		(15	)		—			—			—
Land		943		130		(1,108	)		—			35			—
Total		1,736		2,263		(1,623	)		(8	)		(10	)		2,397