LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2018

Loans and Leases Receivable Disclosure [Abstract]

Schedule of loans, net of deferred costs and fees

	At September 30, 2018		At December 31, 2017
Real estate
Commercial	$	893,077		$	783,745
Construction		47,711			36,960
Multifamily		253,775			190,097
One-to-four family		22,795			25,568
Total real estate loans		1,217,358			1,036,370
Commercial and industrial		366,739			340,001
Consumer		116,738			44,595
Total loans		1,700,835			1,420,966
Deferred fees		(1,906)			(1,070)
Loans, net of deferred fees and unamortized costs		1,698,929			1,419,896
Allowance for loan losses		(18,493)			(14,887)
Balance at the end of the period	$	1,680,436		$	1,405,009

Schedule of recorded investment in non-accrual loans

At September 30, 2018	Nonaccrual		Loans Past Due Over 90 Days Still Accruing		Troubled Debt Restructuring
Commercial real estate	$	—	$	—	$	1,522
Commercial & industrial		—		328		—
One-to-four family		—		—		1,088
Consumer		79		—		39
Total	$	79	$	328	$	2,649

At December 31, 2017		Nonaccrual		Loans Past Due Over 90 Days Still Accruing	Troubled Debt Restructuring
Commercial real estate	$	787	$	—	$	1,580
Commercial & industrial		—		—		—
One-to-four family		2,447		—		1,119
Consumer		155		—		—
Total	$	3,389	$	—	$	2,699

Schedule of aging of the recorded investment in past due loans

					Greater
	30-59		60-89		than 90		Total past		Current
At September 30, 2018	Days		Days		days		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	893,077	$	893,077
Commercial & industrial		30		63		328		421		366,318		366,739
Construction		2,535		—		—		2,535		45,176		47,711
Multifamily		—		—		—		—		253,775		253,775
One-to-four family		—		—		—		—		22,795		22,795
Consumer		113		75		30		218		116,520		116,738
Total	$	2,678	$	138	$	358	$	3,174	$	1,697,661	$	1,700,835

					Greater
	30-59		60-89		than 90		Total past		Current
At December 31, 2017	Days		Days		days		due		loans		Total
Commercial real estate	$	836	$	—	$	787	$	1,623	$	782,122	$	783,745
Commercial & industrial		85		142		—		227		339,774		340,001
Construction		—		—		—		—		36,960		36,960
Multifamily		—		—		—		—		190,097		190,097
One-to-four family		—		—		—		—		25,568		25,568
Consumer		149		21		155		325		44,270		44,595
Total	$	1,070	$	163	$	942	$	2,175	$	1,418,791	$	1,420,966

Schedule of risk category of loans by class of loans

			Special
At September 30, 2018	Pass		Mention		Substandard			Total
Commercial real estate	$	891,556	$	387	$	1,134	$	893,077
Commercial & industrial		366,739		—		—		366,739
Construction		47,711		—		—		47,711
Multifamily		253,775		—		—		253,775
One-to-four family		19,837		551		2,407		22,795
Consumer		116,659		—		79		116,738
Total	$	1,696,277	$	938	$	3,620	$	1,700,835

			Special
At December 31, 2017	Pass		Mention		Substandard			Total
Commercial real estate	$	777,410	$	4,369	$	1,966	$	783,745
Commercial & industrial		331,775		8,226		—		340,001
Construction		36,960		—		—		36,960
Multifamily		190,097		—		—		190,097
One-to-four family		23,121		—		2,447		25,568
Consumer		44,440		—		155		44,595
Total	$	1,403,803	$	12,595	$	4,568	$	1,420,966

Schedule of activity in the allowance for loan losses by segment

	Commercial		Commercial				Multi		One-to-four
Three months ended September 30, 2018	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	8,139	$	6,053	$	666	$	1,557	$	380	$	668	$	17,463
Provision/(credit) for loan losses		412		(1,264)		5		143		(44)		295		(453)
Loans charged-off		—		—		—		—		—		(54)		(54)
Recoveries		—		1,537		—		—		—		—		1,537
Total ending allowance balance	$	8,551	$	6,326	$	671	$	1,700	$	336	$	909	$	18,493

	Commercial		Commercial				Multi		One-to-four
Three months ended September 30, 2017	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	6,487	$	5,560	$	557	$	958	$	85	$	262	$	13,909
Provision/(credit) for loan losses		637		443		(33)		34		2		117		1,200
Loans charged-off		—		—		—		—		—		(34)		(34)
Recoveries		—		—		—		—		—		—		—
Total ending allowance balance	$	7,124	$	6,003	$	524	$	992	$	87	$	345	$	15,075

	Commercial		Commercial				Multi		One-to-four
Nine months ended September 30, 2018	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	7,136	$	5,578	$	519	$	1,156	$	138	$	360	$	14,887
Provision/(credit) for loan losses		1,415		(771)		152		544		198		756		2,294
Loans charged-off		—		(71)		—		—		—		(207)		(278)
Recoveries		—		1,590		—		—		—		—		1,590
Total ending allowance balance	$	8,551	$	6,326	$	671	$	1,700	$	336	$	909	$	18,493

	Commercial		Commercial				Multi		One-to-four
Nine months ended September 30, 2017	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	5,206	$	5,364	$	409	$	620	$	109	$	107	$	11,815
Provision/(credit) for loan losses		1,918		859		115		372		(22)		318		3,560
Loans charged-off		—		(220)		—		—		—		(80)		(300)
Recoveries		—		—		—		—		—		—		—
Total ending allowance balance	$	7,124	$	6,003	$	524	$	992	$	87	$	345	$	15,075

Schedule of allowance for loan losses and the recorded investment in loans

	Commercial		Commercial				Multi		One-to-four
At September 30, 2018	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	204	$	204
Collectively evaluated for impairment		8,551		6,326		671		1,700		336		705		18,289
Total ending allowance balance	$	8,551	$	6,326	$	671	$	1,700	$	336	$	909	$	18,493
Loans:
Individually evaluated for impairment	$	1,522	$	—	$	—	$	—	$	1,088	$	263	$	2,873
Collectively evaluated for impairment		891,555		366,739		47,711		253,775		21,707		116,475		1,697,962
Total ending loan balance	$	893,077	$	366,739	$	47,711	$	253,775	$	22,795	$	116,738	$	1,700,835

	Commercial		Commercial				Multi		One-to-four
At December 31, 2017	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	9	$	77	$	86
Collectively evaluated for impairment		7,136		5,578		519		1,156		129		283		14,801
Total ending allowance balance	$	7,136	$	5,578	$	519	$	1,156	$	138	$	360	$	14,887
Loans:
Individually evaluated for impairment	$	2,368	$	—	$	—	$	—	$	3,566	$	155	$	6,089
Collectively evaluated for impairment		781,377		340,001		36,960		190,097		22,002		44,440		1,414,877
Total ending loan balance	$	783,745	$	340,001	$	36,960	$	190,097	$	25,568	$	44,595	$	1,420,966

Schedule of impaired by class of loans

The following table presents loans individually evaluated for impairment recognized as of September 30, 2018 and December 31, 2017 (dollars in thousands):

	Unpaid Principal				Allowance for Loan
At September 30, 2018	Balance		Recorded Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	—	$	—	$	—
Consumer		281		263		204
Total	$	281	$	263	$	204
Without an allowance recorded:
Commercial real estate	$	1,991	$	1,522	$	—
One-to-four family		1,365		1,088		—
Total	$	3,356	$	2,610	$	—

	Unpaid Principal				Allowance for Loan
At December 31, 2017	Balance		Recorded Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	686	$	556	$	9
Consumer		155		155		77
Total	$	841	$	711	$	86
Without an allowance recorded:
Commercial real estate	$	2,890	$	2,368	$	—
One-to-four family		3,157		3,010		—
Total	$	6,047	$	5,378	$	—

The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the three month periods ended September 30, 2018 and 2017 (dollars in thousands):

	Average Recorded		Interest Income
Three months ended September 30, 2018	Investment		Recognized
With an allowance recorded:
One-to-four family	$	—	$	—
Consumer		228		3
Total	$	228	$	3
Without an allowance recorded:
Commercial real estate	$	1,528	$	21
One-to-four family		1,093		14
Total	$	2,621	$	35

	Average Recorded		Interest Income
Three months ended September 30, 2017	Investment		Recognized
With an allowance recorded:
One-to-four family	$	846	$	—
Commercial and industrial		3,660		—
Consumer		96		—
Total	$	4,602	$	—
Without an allowance recorded:
Commercial real estate	$	6,306	$	50
Commercial and industrial		1,130		12
One-to-four family		1,516		37
Total	$	8,952	$	99

The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the nine month periods ended September 30, 2018 and 2017 (dollars in thousands):

	Average Recorded		Interest Income
Nine months ended September 30, 2018	Investment		Recognized
With an allowance recorded:
One-to-four family	$	139	$	—
Consumer		174		5
Total	$	313	$	5
Without an allowance recorded:
Commercial real estate	$	1,743	$	83
One-to-four family		1,576		43
Total	$	3,319	$	126

	Average Recorded		Interest Income
Nine months ended September 30, 2017	Investment		Recognized
With an allowance recorded:
One-to-four family	$	705	$	—
Commercial and industrial		3,660		—
Consumer		56		4
Total	$	4,421	$	4
Without an allowance recorded:
Commercial real estate	$	6,116	$	227
Commercial and industrial		1,173		36
One-to-four family		1,041		96
Total	$	8,330	$	359