Loans (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Loans Receivable

Loans receivable consisted of the following:

	December 31,
	2015			2014
	(In Thousands)
First mortgage loans:
Residential mortgage (1-4 family)	$	118,133		$	103,420
Commercial real estate		167,930			116,105
Real estate construction		22,958			10,149
Other loans:
Home equity		45,345			40,123
Consumer		14,641			13,827
Commercial		39,072			35,582
Total		408,079			319,206
Allowance for loan losses		(3,550	)		(2,450	)
Deferred loan fees, net		(795	)		(486	)
Total loans, net	$	403,734		$	316,270

Schedule of Information Regarding Non-Performing Assets

The following table includes information regarding nonperforming assets.

	December 31,
	2015			2014
	(Dollars in Thousands)
Non-accrual loans	$	2,030		$	962
Accruing loans delinquent 90 days or more		472			-
Restructured loans, net		46			48
Total nonperforming loans		2,548			1,010
Real estate owned and other repossessed assets, net		595			637
Total nonperforming assets	$	3,143		$	1,647
Total nonperforming assets as a percentage of total assets		0.50	%		0.29	%
Allowance for loan losses	$	3,550		$	2,450
Percent of allowance for loan losses to nonperforming loans		139.32	%		242.57	%
Percent of allowance for loan losses to nonperforming assets		112.95	%		148.76	%

Schedule of Allowance for Loan Losses Activity

Allowance for loan losses activity was as follows:

	Residential
	Mortgage			Commercial		Real Estate		Home
	(1-4 Family)			Real Estate		Construction		Equity		Consumer			Commercial			Total
	(In Thousands)
Allowance for loan losses:
Beginning balance, January 1, 2015	$	684		$	1,098	$	35	$	270	$	46		$	317		$	2,450
Charge-offs		(137	)		-		-		-		(61	)		(25	)		(223	)
Recoveries		-			-		-		1		18			1			20
Provision		364			495		149		71		63			161			1,303
Ending balance, December 31, 2015	$	911		$	1,593	$	184	$	342	$	66		$	454		$	3,550
Ending balance, December 31, 2015 allocated to
loans individually evaluated for impairment	$	-		$	-	$	-	$	7	$	11		$	30		$	48
Ending balance, December 31, 2015 allocated to
loans collectively evaluated for impairment	$	911		$	1,593	$	184	$	335	$	55		$	424		$	3,502
Loans receivable:
Ending balance, December 31, 2015	$	118,133		$	167,930	$	22,958	$	45,345	$	14,641		$	39,072		$	408,079
Ending balance, December 31, 2015 of loans
individually evaluated for impairment	$	730		$	667	$	-	$	207	$	145		$	327		$	2,076
Ending balance, December 31, 2015 of loans
collectively evaluated for impairment	$	117,403		$	167,263	$	22,958	$	45,138	$	14,496		$	38,745		$	406,003

	Residential
	Mortgage		Commercial		Real Estate		Home
	(1-4 Family)		Real Estate		Construction		Equity			Consumer			Commercial			Total
	(In Thousands)
Allowance for loan losses:
Beginning balance, July 1, 2014	$	485	$	974	$	30	$	299		$	49		$	288		$	2,125
Charge-offs		-		-		-		(159	)		(65	)		(24	)		(248	)
Recoveries		-		31		-		-			27			-			58
Provision		199		93		5		130			35			53			515
Ending balance, December 31, 2014	$	684	$	1,098	$	35	$	270		$	46		$	317		$	2,450
Ending balance, December 31, 2014 allocated to
loans individually evaluated for impairment	$	140	$	-	$	-	$	-		$	7		$	-		$	147
Ending balance, December 31, 2014 allocated to
loans collectively evaluated for impairment	$	544	$	1,098	$	35	$	270		$	39		$	317		$	2,303
Loans receivable:
Ending balance, December 31, 2014	$	103,420	$	116,105	$	10,149	$	40,123		$	13,827		$	35,582		$	319,206
Ending balance, December 31, 2014 of loans
individually evaluated for impairment	$	1,471	$	-	$	-	$	328		$	55		$	229		$	2,083
Ending balance, December 31, 2014 of loans
collectively evaluated for impairment	$	101,949	$	116,105	$	10,149	$	39,795		$	13,772		$	35,353		$	317,123

	Residential
	Mortgage		Commercial			Real Estate		Home
	(1-4 Family)		Real Estate			Construction		Equity			Consumer			Commercial			Total
	(In Thousands)
Allowance for loan losses:
Beginning balance, July 1, 2013	$	423	$	952		$	15	$	290		$	40		$	280		$	2,000
Charge-offs		-		(199	)		-		(73	)		(88	)		(144	)		(504	)
Recoveries		-		17			-		-			4			-			21
Provision		62		204			15		82			93			152			608
Ending balance, June 30, 2014	$	485	$	974		$	30	$	299		$	49		$	288		$	2,125
Ending balance, June 30, 2014 allocated to
loans individually evaluated for impairment	$	-	$	-		$	-	$	31		$	20		$	15		$	66
Ending balance, June 30, 2014 allocated to
loans collectively evaluated for impairment	$	485	$	974		$	30	$	268		$	29		$	273		$	2,059
Loans receivable:
Ending balance, June 30, 2014	$	93,005	$	91,125		$	8,454	$	37,866		$	12,964		$	33,115		$	276,529
Ending balance, June 30, 2014 of loans
individually evaluated for impairment	$	660	$	280		$	-	$	288		$	101		$	315		$	1,644
Ending balance, June 30, 2014 of loans
collectively evaluated for impairment	$	92,345	$	90,845		$	8,454	$	37,578		$	12,863		$	32,800		$	274,885

Schedule of Information Regarding the Internal Classification of the Loan Portfolio

Internal classification of the loan portfolio was as follows:

	December 31, 2015
	Residential
	Mortgage		Commercial		Real Estate		Home
	(1-4 Family)		Real Estate		Construction		Equity		Consumer		Commercial		Total
	(In Thousands)
Grade:
Pass	$	116,711	$	167,263	$	22,176	$	45,100	$	14,486	$	38,675	$	404,411
Special mention		-		-		-		-		-		-		-
Substandard		1,422		667		782		156		140		367		3,534
Doubtful		-		-		-		82		4		-		86
Loss		-		-		-		7		11		30		48
Total	$	118,133	$	167,930	$	22,958	$	45,345	$	14,641	$	39,072	$	408,079
Credit risk profile based on payment activity
Performing	$	117,182	$	167,259	$	22,711	$	45,138	$	14,496	$	38,745	$	405,531
Restructured loans		-		-		-		46		-		-		46
Nonperforming		951		671		247		161		145		327		2,502
Total	$	118,133	$	167,930	$	22,958	$	45,345	$	14,641	$	39,072	$	408,079

	December 31, 2014
	Residential
	Mortgage		Commercial		Real Estate		Home
	(1-4 Family)		Real Estate		Construction		Equity		Consumer		Commercial		Total
	(In Thousands)
Grade:
Pass	$	101,949	$	116,105	$	10,149	$	39,795	$	13,772	$	35,353	$	317,123
Special mention		-		-		-		-		-		-		-
Substandard		1,331		-		-		328		41		229		1,929
Doubtful		-		-		-		-		7		-		7
Loss		140		-		-		-		7		-		147
Total	$	103,420	$	116,105	$	10,149	$	40,123	$	13,827	$	35,582	$	319,206
Credit risk profile based on payment activity
Performing	$	102,599	$	116,105	$	10,149	$	40,027	$	13,811	$	35,505	$	318,196
Restructured loans		-		-		-		48		-		-		48
Nonperforming		821		-		-		48		16		77		962
Total	$	103,420	$	116,105	$	10,149	$	40,123	$	13,827	$	35,582	$	319,206

Schedule of Impaired Loans

The following tables include information regarding impaired loans.

	December 31, 2015
			Unpaid				Interest		Average
	Recorded		Principal		Related		Income		Recorded
	Investment		Balance		Allowance		Recognized		Investment
	(In Thousands)
With no related allowance:
Residential mortgage (1-4 family)	$	730	$	730	$	-	$	-	$	690
Commercial real estate		667		667		-		-		334
Real estate construction		-		-		-		-		-
Home equity		200		234		-		1		264
Consumer		134		134		-		-		91
Commercial		297		297		-		-		263
With a related allowance:
Residential mortgage (1-4 family)		-		-		-		-		411
Commercial real estate		-		-		-		-		-
Real estate construction		-		-		-		-		-
Home equity		7		7		7		-		3
Consumer		11		11		11		-		9
Commercial		30		30		30		-		15
Total:
Residential mortgage (1-4 family)		730		730		-		-		1,101
Commercial real estate		667		667		-		-		334
Real estate construction		-		-		-		-		-
Home equity		207		241		7		1		267
Consumer		145		145		11		-		100
Commercial		327		327		30		-		278
Total	$	2,076	$	2,110	$	48	$	1	$	2,080

	December 31, 2014
			Unpaid				Interest		Average
	Recorded		Principal		Related		Income		Recorded
	Investment		Balance		Allowance		Recognized		Investment
	(In Thousands)
With no related allowance:
Residential mortgage (1-4 family)	$	650	$	650	$	-	$	14	$	655
Commercial real estate		-		-		-		-		140
Real estate construction		-		-		-		2		-
Home equity		328		392		-		6		293
Consumer		48		82		-		2		65
Commercial		229		259		-		9		265
With a related allowance:
Residential mortgage (1-4 family)		821		821		140		-		411
Commercial real estate		-		-		-		-		-
Real estate construction		-		-		-		-		-
Home equity		-		-		-		-		16
Consumer		7		7		7		-		14
Commercial		-		-		-		-		8
Total:
Residential mortgage (1-4 family)		1,471		1,471		140		14		1,066
Commercial real estate		-		-		-		-		140
Real estate construction		-		-		-		2		-
Home equity		328		392		-		6		309
Consumer		55		89		7		2		79
Commercial		229		259		-		9		273
Total	$	2,083	$	2,211	$	147	$	33	$	1,867

Schedule of Delinquencies Within the Loan Portfolio

The following tables include information regarding delinquencies within the loan portfolio.

	December 31, 2015
											Recorded
			90 Days								Investment
	30-89 Days		and		Total				Total		>90 Days and
	Past Due		Greater		Past Due		Current		Loans		Still Accruing
	(In Thousands)
Residential mortgage (1-4 family)	$	1,163	$	951	$	2,114	$	116,019	$	118,133	$	221
Commercial real estate		177		671		848		167,082		167,930		4
Real estate construction		662		247		909		22,049		22,958		247
Home equity		319		161		480		44,865		45,345		-
Consumer		184		145		329		14,312		14,641		-
Commercial		173		327		500		38,572		39,072		-
Total	$	2,678	$	2,502	$	5,180	$	402,899	$	408,079	$	472

	December 31, 2014
											Recorded
			90 Days								Investment
	30-89 Days		and		Total				Total		>90 Days and
	Past Due		Greater		Past Due		Current		Loans		Still Accruing
	(In Thousands)
Residential mortgage (1-4 family)	$	203	$	821	$	1,024	$	102,396	$	103,420	$	-
Commercial real estate		131		-		131		115,974		116,105		-
Real estate construction		-		-		-		10,149		10,149		-
Home equity		303		48		351		39,772		40,123		-
Consumer		258		16		274		13,553		13,827		-
Commercial		331		77		408		35,174		35,582		-
Total	$	1,226	$	962	$	2,188	$	317,018	$	319,206	$	-

Directors, Senior Officers and their Related Parties [Member]

Schedule of Loans Receivable

Loans receivable (including loans sold and serviced for others) from directors and senior officers and their related parties were as follows:

		(In Thousands)
Balance at July 1, 2013	$	7,705
Principal additions		166
Principal payments		(695)
Balance at June 30, 2014	$	7,176
Principal additions		579
Principal payments		(320)
Balance at December 31, 2014	$	7,435
Principal additions		1,073
Principal payments		(6,132)
Balance at December 31, 2015	$	2,376

Principal payments for CY 2015 include $5,849,000 related to a previously affiliated entity loan.  See Note 19:  Related Party Transactions for further information.

	December 31,
	2015		2014
	(In Thousands)
Loans serviced, for the benefit of others,
for directors, senior officers and
their related parties	$	1,220	$	5,714

	Year Ended		Six Months Ended		Year Ended
	December 31,		December 31,		June 30,
	2015		2014		2014
	(In Thousands)
Interest income from loans owned
for directors, senior officers and
their related parties	$	14	$	42	$	86