The following tables set forth activity in our allowance for loan losses, by loan type, as of and for the three and nine months ended September 30, 2015, and September 30, 2014 (in thousands).



	Three Months Ended September 30, 2015
	Real Estate
	Commercial			One-to-Four Family			Construction and Land		Multifamily			Home Equity and Lines of Credit			Commercial and Industrial		Other			Unallocated			Originated Loans Total			Purchased Credit-Impaired		Acquired Loans		Total
Allowance for loan losses:
Beginning balance	$	7,341		$	1,107		$	185	$	13,208		$	941		$	1,011	$	129		$	1,135		$	25,057		$	400	$	59	$	25,516
Charge-offs	(6		)	(1		)	—		—			(115		)	—		(1		)	—			(123		)	—		—		(123		)
Recoveries	2			—			—		25			—			34		1			—			62			—		—		62
Provisions/(credit)	(710		)	(355		)	278		(245		)	322			706		(56		)	(50		)	(110		)	298		12		200
Ending balance	$	6,627		$	751		$	463	$	12,988		$	1,148		$	1,751	$	73		$	1,085		$	24,886		$	698	$	71	$	25,655



	Three Months Ended September 30, 2014
	Real Estate
	Commercial			One-to-Four Family			Construction and Land		Multifamily			Home Equity and Lines of Credit			Commercial and Industrial			Other			Unallocated			Originated Loans Total			Purchased Credit-Impaired		Acquired Loans			Total
Allowance for loan losses:
Beginning balance	$	11,882		$	1,012		$	156	$	9,880		$	993		$	531		$	65		$	1,308		$	25,827		$	400	$	40		$	26,267
Charge-offs	(103		)	(36		)	—		(8		)	(195		)	(12		)	—			—			(354		)	—		—			(354		)
Recoveries	—			—			—		33			—			—			14			—			47			—		—			47
Provisions/(credit)	(439		)	(40		)	22		244			461			122			(2		)	(46		)	322			—		(5		)	317
Ending balance	$	11,340		$	936		$	178	$	10,149		$	1,259		$	641		$	77		$	1,262		$	25,842		$	400	$	35		$	26,277



	Nine Months Ended September 30, 2015
	Real Estate
	Commercial			One-to-Four Family			Construction and Land		Multifamily			Home Equity and Lines of Credit			Commercial and Industrial			Other			Unallocated			Originated Loans Total			Purchased Credit-Impaired		Acquired Loans		Total
Allowance for loan losses:
Beginning balance	$	9,309		$	951		$	266	$	12,219		$	901		$	841		$	134		$	1,209		$	25,830		$	400	$	62	$	26,292
Charge-offs	(836		)	(127		)	—		(113		)	(115		)	(32		)	(1		)	—			(1,224		)	—		—		(1,224		)
Recoveries	2			—			—		25			42			34			12			—			115			—		—		115
Provisions/(credit)	(1,848		)	(73		)	197		857			320			908			(72		)	(124		)	165			298		9		472
Ending balance	$	6,627		$	751		$	463	$	12,988		$	1,148		$	1,751		$	73		$	1,085		$	24,886		$	698	$	71	$	25,655



	Nine Months Ended September 30, 2014
	Real Estate
	Commercial			One-to-Four Family			Construction and Land			Multifamily			Home Equity and Lines of Credit			Commercial and Industrial			Other			Unallocated		Originated Loans Total			Purchased Credit-Impaired			Acquired Loans		Total
Allowance for loan losses:
Beginning balance	$	12,619		$	875		$	205		$	9,374		$	860		$	425		$	67		$	1,024	$	25,449		$	588		$	—	$	26,037
Charge-offs	(103		)	(58		)	—			(8		)	(489		)	(13		)	—			—		(671		)	—			—		(671		)
Recoveries	—			—			246			33			—			—			44			—		323			—			—		323
Provisions/(credit)	(1,176		)	119			(273		)	750			888			229			(34		)	238		741			(188		)	35		588
Ending balance	$	11,340		$	936		$	178		$	10,149		$	1,259		$	641		$	77		$	1,262	$	25,842		$	400		$	35	$	26,277

The following tables detail the amount of loans receivable held-for-investment, net of deferred loan fees and costs, that are evaluated individually, and collectively, for impairment, and the related portion of the allowance for loan losses that is allocated to each loan portfolio segment, at September 30, 2015, and December 31, 2014 (in thousands).



	September 30, 2015
	Real Estate
	Commercial		One-to-Four Family		Construction and Land		Multifamily		Home Equity and Lines of Credit		Commercial and Industrial		Other		Unallocated		Originated Loans Total		Purchased Credit-Impaired		Acquired Loans		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	907	$	68	$	—	$	172	$	61	$	7	$	—	$	—	$	1,215	$	—	$	71	$	1,286
Ending balance: collectively evaluated for impairment	5,720		683		463		12,816		1,087		1,744		73		1,085		23,671		698		—		24,369
Loans, net:
Ending balance	408,063		92,462		17,942		1,277,556		62,359		29,044		1,217		—		1,888,643		33,135		368,520		2,290,298
Ending balance: individually evaluated for impairment	25,894		1,600		—		2,479		358		120		—		—		30,451		—		2,835		33,286
Ending balance: collectively evaluated for impairment	382,169		90,862		17,942		1,275,077		62,001		28,924		1,217		—		1,858,192		33,135		365,685		2,257,012



	December 31, 2014
	Real Estate
	Commercial		One-to-Four Family		Construction and Land		Multifamily		Home Equity and Lines of Credit		Commercial and Industrial		Other		Unallocated		Originated Loans Total		Purchased Credit-Impaired		Acquired Loans		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	2,361	$	57	$	—	$	215	$	13	$	109	$	—	$	—	$	2,755	$	—	$	62	$	2,817
Ending balance: collectively evaluated for impairment	6,948		894		266		12,004		888		732		134		1,209		23,075		400		—		23,475
Loans, net:
Ending balance	390,885		74,990		21,445		1,074,539		55,486		12,992		2,157		—		1,632,494		44,816		265,685		1,942,995
Ending balance: individually evaluated for impairment	29,224		1,072		—		1,990		327		806		—		—		33,419		—		855		34,274
Ending balance: collectively evaluated for impairment	361,661		73,918		21,445		1,072,549		55,159		12,186		2,157		—		1,599,075		44,816		264,830		1,908,721

Included in originated and acquired loans receivable (including held-for-sale) are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. The recorded investment of these non-accrual loans was $14.1 million and $13.9 million at September 30, 2015, and December 31, 2014, respectively. Generally, loans are placed on non-accruing status when they become 90 days or more delinquent, or sooner if considered appropriate by management, and remain on non-accrual status until they are brought current, have six consecutive months of performance under the loan terms, and factors indicating reasonable doubt about the timely collection of payments no longer exist. Therefore, loans may be current in accordance with their loan terms, or may be less than 90 days delinquent and still be on a non-accruing status.

These non-accrual amounts included loans deemed to be impaired of $10.8 million and $10.1 million at September 30, 2015, and December 31, 2014, respectively. Loans on non-accrual status with principal balances less than $500,000, and therefore not meeting the Company’s definition of an impaired loan, amounted to $3.3 million and $3.8 million at September 30, 2015, and December 31, 2014, respectively. There were no loans held-for-sale at September 30, 2015 or December 31, 2014. Loans past due 90 days or more and still accruing interest were $143,000 and $708,000 at September 30, 2015, and December 31, 2014, respectively, and consisted of loans that are considered well secured and in the process of collection.

The following tables set forth the detail, and delinquency status, of non-performing loans (non-accrual loans and loans past due 90 days or more and still accruing), net of deferred fees and costs, at September 30, 2015, and December 31, 2014, excluding loans held-for-sale and PCI loans which have been segregated into pools.



	September 30, 2015
	Total Non-Performing Loans
	Non-Accruing Loans
	0-29 Days Past Due		30-89 Days Past Due		90 Days or More Past Due		Total		90 Days or More Past Due and Accruing		Total Non-Performing Loans
Loans held-for-investment:
Real estate loans:
Commercial
LTV => 35%
Substandard	$	6,390	$	916	$	3,255	$	10,561	$	—	$	10,561
Total commercial	6,390		916		3,255		10,561		—		10,561
One-to-four family residential
LTV < 60%
Substandard	—		183		930		1,113		—		1,113
Total	—		183		930		1,113		—		1,113
LTV => 60%
Substandard	511		137		366		1,014		—		1,014
Total	511		137		366		1,014		—		1,014
Total one-to-four family residential	511		320		1,296		2,127		—		2,127
Construction and land
Pass	—		—		—		—		112		112
Total construction and land	—		—		—		—		112		112
Multifamily
LTV => 35%
Substandard	—		—		559		559		—		559
Total multifamily	—		—		559		559		—		559
Home equity and lines of credit
Substandard	—		—		97		97		16		113
Total home equity and lines of credit	—		—		97		97		16		113
Commercial and industrial loans
Pass	—		—		—		—		15		15
Total commercial and industrial loans	—		—		—		—		15		15
Total non-performing loans held-for-investment	6,901		1,236		5,207		13,344		143		13,487
Loans acquired:
One-to-four family residential
LTV < 60%
Substandard	—		—		788		788		—		788
Total one-to-four family residential	—		—		788		788		—		788
Total non-performing loans acquired	—		—		788		788		—		788
Total non-performing loans	$	6,901	$	1,236	$	5,995	$	14,132	$	143	$	14,275



	December 31, 2014
	Total Non-Performing Loans
	Non-Accruing Loans
	0-29 Days Past Due		30-89 Days Past Due		90 Days or More Past Due		Total		90 Days or More Past Due and Accruing		Total Non-Performing Loans
Loans held-for-investment:
Real estate loans:
Commercial
LTV => 35%
Substandard	$	—	$	395	$	10,769	$	11,164	$	—	$	11,164
Total commercial	—		395		10,769		11,164		—		11,164
One-to-four family residential
LTV < 60%
Substandard	—		190		674		864		286		1,150
Total	—		190		674		864		286		1,150
LTV => 60%
Substandard	—		—		1,028		1,028		—		1,028
Total	—		—		1,028		1,028		—		1,028
Total one-to-four family residential	—		190		1,702		1,892		286		2,178
Home equity and lines of credit
Substandard	—		98		—		98		—		98
Total home equity and lines of credit	—		98		—		98		—		98
Commercial and industrial loans
Substandard	—		—		408		408		—		408
Total commercial and industrial loans	—		—		408		408		—		408
Total non-performing loans held-for-investment	—		683		12,879		13,562		286		13,848
Loans acquired:
One-to-four family residential
LTV < 60%
Pass	—		—		—		—		422		422
Substandard	—		—		313		313		—		313
Total one-to-four family residential	—		—		313		313		422		735
Total non-performing loans acquired:	—		—		313		313		422		735
Total non-performing loans	$	—	$	683	$	13,192	$	13,875	$	708	$	14,583

The following tables set forth the detail and delinquency status of originated and acquired loans held-for-investment, net of deferred fees and costs, by performing and non-performing loans at September 30, 2015, and December 31, 2014 (in thousands).



	September 30, 2015
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Pass	$	49,619	$	—	$	49,619	$	—	$	49,619
Special Mention	1,021		—		1,021		—		1,021
Substandard	1,245		—		1,245		—		1,245
Total	51,885		—		51,885		—		51,885
LTV => 35%
Pass	321,411		—		321,411		—		321,411
Special Mention	2,993		—		2,993		—		2,993
Substandard	13,889		7,324		21,213		10,561		31,774
Total	338,293		7,324		345,617		10,561		356,178
Total commercial	390,178		7,324		397,502		10,561		408,063
One-to-four family residential
LTV < 60%
Pass	40,640		2,532		43,172		—		43,172
Special Mention	166		372		538		—		538
Substandard	654		17		671		1,113		1,784
Total	41,460		2,921		44,381		1,113		45,494
LTV => 60%
Pass	44,998		260		45,258		—		45,258
Substandard	293		403		696		1,014		1,710
Total	45,291		663		45,954		1,014		46,968
Total one-to-four family residential	86,751		3,584		90,335		2,127		92,462
Construction and land
Pass	16,445		1,385		17,830		112		17,942
Total construction and land	16,445		1,385		17,830		112		17,942
Multifamily
LTV < 35%
Pass	84,882		145		85,027		—		85,027
Special Mention	55		208		263		—		263
Substandard	—		—		—		—		—
Total	84,937		353		85,290		—		85,290
LTV => 35%
Pass	1,183,518		1,590		1,185,108		—		1,185,108
Special Mention	2,731		1,152		3,883		—		3,883
Substandard	2,716		—		2,716		559		3,275
Total	1,188,965		2,742		1,191,707		559		1,192,266
Total multifamily	1,273,902		3,095		1,276,997		559		1,277,556
Home equity and lines of credit
Pass	61,456		367		61,823		—		61,823
Special Mention	77		—		77		—		77
Substandard	258		88		346		113		459
Total home equity and lines of credit	61,791		455		62,246		113		62,359
Commercial and industrial loans
Pass	28,234		—		28,234		15		28,249
Special Mention	355		—		355		—		355
Substandard	387		53		440		—		440
Total commercial and industrial loans	28,976		53		29,029		15		29,044



	September 30, 2015
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Other loans
Pass	1,206		11		1,217				1,217
Total other loans	1,206		11		1,217		—		1,217
Total originated loans held-for-investment	$	1,859,249	$	15,907	$	1,875,156	$	13,487	$	1,888,643
Acquired loans:
One-to-four family residential
LTV < 60%
Pass	323,316		286		323,602		—		323,602
Special Mention	563		—		563		—		563
Substandard	724		198		922		788		1,710
Total	324,603		484		325,087		788		325,875
LTV => 60%
Pass	13,763		—		13,763		—		13,763
Substandard	286		—		286		—		286
Total	14,049		—		14,049		—		14,049
Total one-to-four family residential	338,652		484		339,136		788		339,924
Commercial
LTV < 35%
Pass	2,250		—		2,250		—		2,250
Special Mention	—		—		—		—		—
Substandard	—		735		735		—		735
Total	2,250		735		2,985		—		2,985
LTV => 35%
Pass	5,571		—		5,571		—		5,571
Special Mention	891		—		891		—		891
Substandard	1,851		—		1,851		—		1,851
Total	8,313		—		8,313		—		8,313
Total commercial	10,563		735		11,298		—		11,298
Multifamily
LTV < 35%
Pass	4,736		—		4,736		—		4,736
Special Mention	142		—		142		—		142
Total	4,878		—		4,878		—		4,878
LTV => 35%
Pass	12,091		—		12,091		—		12,091
Special Mention	329		—		329		—		329
Total	12,420		—		12,420		—		12,420
Total multifamily	17,298		—		17,298		—		17,298
Total loans acquired	366,513		1,219		367,732		788		368,520
	$	2,225,762	$	17,126	$	2,242,888	$	14,275	$	2,257,163



	December 31, 2014
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans	Total Loans Receivable, net
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Pass	$	47,534	$	—	$	47,534	—	$	47,534
Special Mention	2,436		—		2,436		—	2,436
Total	49,970		—		49,970		—	49,970
LTV => 35%
Pass	288,915		878		289,793		—	289,793
Special Mention	9,792		—		9,792		—	9,792
Substandard	25,073		5,093		30,166		11,164	41,330
Total	323,780		5,971		329,751		11,164	340,915
Total commercial	373,750		5,971		379,721		11,164	390,885
One-to-four family residential
LTV < 60%
Pass	29,288		341		29,629		—	29,629
Special Mention	1,143		—		1,143		—	1,143
Substandard	867		286		1,153		1,150	2,303
Total	31,298		627		31,925		1,150	33,075
LTV => 60%
Pass	38,062		2,465		40,527		—	40,527
Substandard	—		360		360		1,028	1,388
Total	38,062		2,825		40,887		1,028	41,915
Total one-to-four family residential	69,360		3,452		72,812		2,178	74,990
Construction and land
Pass	21,445		—		21,445		—	21,445
Total construction and land	21,445		—		21,445		—	21,445
Multifamily
LTV < 35%
Pass	64,692		—		64,692		—	64,692
Special Mention	283		—		283		—	283
Substandard	801		—		801		—	801
Total	65,776		—		65,776		—	65,776
LTV => 35%
Pass	999,469		239		999,708		—	999,708
Special Mention	3,822		520		4,342		—	4,342
Substandard	4,382		331		4,713		—	4,713
Total	1,007,673		1,090		1,008,763		—	1,008,763
Total multifamily	1,073,449		1,090		1,074,539		—	1,074,539
Home equity and lines of credit
Pass	54,800		135		54,935		—	54,935
Special Mention	360		—		360		—	360
Substandard	93		—		93		98	191
Total home equity and lines of credit	55,253		135		55,388		98	55,486
Commercial and industrial loans
Pass	11,331		90		11,421		—	11,421
Special Mention	652		—		652		—	652
Substandard	479		32		511		408	919
Total commercial and industrial loans	12,462		122		12,584		408	12,992



	December 31, 2014
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net

Other loans
Pass	2,097		60		2,157		—		2,157
Total other loans	2,097		60		2,157		—		2,157
Total originated loans held-for-investment	$	1,607,816	$	10,830	$	1,618,646	$	13,848	$	1,632,494
Loans Acquired
Real estate loans:
One-to-four family residential
LTV < 60%
Pass	225,741		526		226,267		422		226,689
Special Mention	597		—		597		—		597
Substandard	424		—		424		313		737
Total	226,762		526		227,288		735		228,023
LTV => 60%
Pass	5,787		375		6,162		—		6,162
Substandard	294		—		294		—		294
Total	6,081		375		6,456		—		6,456
Total one-to-four family residential	232,843		901		233,744		735		234,479
Commercial
LTV < 35%
Pass	2,477		—		2,477		—		2,477
Special Mention	187		521		708		—		708
Total	2,664		521		3,185		—		3,185
LTV => 35%
Pass	5,817		—		5,817		—		5,817
Special Mention	2,997		—		2,997		—		2,997
Total	8,814		—		8,814		—		8,814
Total commercial	11,478		521		11,999		—		11,999
Construction and land
Substandard	363		—		363		—		363
Total construction and land	363		—		363		—		363
Multifamily
LTV < 35%
Pass	4,857		—		4,857		—		4,857
Special Mention	164		—		164		—		164
Total	5,021		—		5,021		—		5,021
LTV => 35%
Pass	13,457		—		13,457		—		13,457
Special Mention	366		—		366		—		366
Total	13,823		—		13,823		—		13,823
Total multifamily	18,844		—		18,844		—		18,844
Total loans acquired	263,528		1,422		264,950		735		265,685
	$	1,871,344	$	12,252	$	1,883,596	$	14,583	$	1,898,179

The following table summarizes originated and acquired impaired loans as of September 30, 2015, and December 31, 2014 (in thousands).



	September 30, 2015							December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance			Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Allowance Recorded:
Real estate loans:
Commercial
LTV < 35%
Substandard	$	—	$	122	$	—		$	—	$	—	$	—
LTV => 35%
Pass	2,425		2,562		—			3,311		3,448		—
Substandard	13,182		14,495		—			12,880		14,339		—
One-to-four family residential
LTV < 60%
Pass	361		361		—			66		66		—
Special Mention	—		—		—			138		138		—
Substandard	136		136		—			262		262		—
LTV => 60%
Substandard	200		215		—			—		—		—
Multifamily
LTV => 35%
Pass	77		548		—			86		557
Substandard	1,017		1,017		—			477		477		—
Home equity and lines of credit
Special Mention	—		—		—			49		49		—
Commercial and industrial loans
Special Mention	—		—		—			267		268		—
Substandard	90		90		—			99		99		—
With a Related Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Pass	1,662		1,662		(14		)	—		—		—
Substandard	10,476		11,093		(893		)	13,033		14,365		(2,361		)
One-to-four family residential
LTV < 60%
Pass	372		372		(3		)	—		—		—
Special Mention	—		—		—			319		319		(4		)
Substandard	870		870		(91		)	848		848		(95		)
LTV => 60%
Substandard	645		688		(45		)	294		294		(20		)
Multifamily
LTV => 35%
Substandard	1,385		1,385		(172		)	1,427		1,427		(215		)
Home equity and lines of credit
Pass	271		271		(13		)	—		—		—
Special Mention	45		45		(23		)	278		278		(13		)
Substandard	42		42		(25		)	—		—		—
Commercial and industrial loans
Special Mention	30		30		(7		)	32		32		(1		)
Substandard	—		—		—			408		530		(108		)
Total:
Real estate loans
Commercial	27,745		29,934		(907		)	29,224		32,152		(2,361		)
One-to-four family residential	2,584		2,642		(139		)	1,927		1,927		(119		)
Construction and land
Multifamily	2,479		2,950		(172		)	1,990		2,461		(215		)
Home equity and lines of credit	358		358		(61		)	327		327		(13		)
Commercial and industrial loans	120		120		(7		)	806		929		(109		)
	$	33,286	$	36,004	$	(1,286	)	$	34,274	$	37,796	$	(2,817	)

Included in the above table at September 30, 2015, are loans with carrying balances of $12.8 million that were not written down by either charge-offs or specific reserves in our allowance for loan losses. Included in the above table at December 31, 2014, are loans with carrying balances of $13.1 million that were not written down by either charge-offs or specific reserves in our allowance for loan losses. Loans not written down by charge-offs or specific reserves at September 30, 2015, and December 31, 2014, are considered to have sufficient collateral values, less costs to sell, to support the carrying balances of the loans.

The following table summarizes the average recorded investment in originated and acquired impaired loans and interest recognized on impaired loans as of, and for, the three and nine months ended September 30, 2015, and September 30, 2014 (in thousands).



	Three Months Ended								Nine Months Ended
	September 30, 2015				September 30, 2014				September 30, 2015				September 30, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
With No Allowance Recorded:
Real estate loans:
Commercial
LTV < 35%
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	851	$	—
LTV => 35%
Pass	2,434		24		3,347		37		2,660		71		7,441		112
Special Mention	—		—		—		—		136		—		—		—
Substandard	13,051		147		10,549		117		12,398		517		8,832		355
Construction and land
Substandard	—		—		—		—		—		—		27		—
One-to-four family residential
LTV < 60%
Pass	363		5		—		1		203		14		—		2
Special Mention	—		—		140		2		69		—		232		5
Substandard	92		7		265		3		176		7		267		10
LTV => 60%
Substandard	178		3		—		2		89		17		—		7
Multifamily
LTV => 35%
Pass	79		4		91		4		82		13		45		13
Substandard	739		10		958		10		607		20		774		22
Home equity and lines of credit
Special Mention	24		—		25		1		36				13		2
Substandard	—		—		—		—		—		—		250		—
Commercial and industrial loans
Special Mention	15		—		17		—		74		—		113		—
Substandard	92		—		566		6		95		—		704		25
With a Related Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Pass	1,670		22		—		—		835		67		—		—
Special Mention	—		—		—		—		—		—		725		—
Substandard	10,717		92		16,083		112		11,724		201		13,189		323
One-to-four family residential
LTV < 60%
Pass	374		2		—		—		203		8		—		—
Special Mention	—		—		324		2		159		—		244		6
Substandard	874		3		—		—		870		10		—		—
LTV => 60%
Substandard	649		4		—		—		471		40		85		—
Multifamily
LTV => 35%
Substandard	1,392		13		1,447		13		1,406		39		1,461		40




	Three Months Ended								Nine Months Ended
	September 30, 2015				September 30, 2014				September 30, 2015				September 30, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
Home equity and lines of credit
Pass	272		2		—		—		136		6		—		—
Special Mention	23		1		308		1		150		2		324		4
Substandard	43		—		—		—		21		2		250		—
Commercial and industrial loans
Special Mention	15		1		17		1		23		1		8		1
Substandard	—		—		408		—		102		—		416		2
Total:
Real estate loans
Commercial	27,872		285		29,979		266		27,753		856		31,038		790
One-to-four family residential	2,530		24		729		10		2,240		96		828		30
Construction and land	—		—		—		—		—		—		27		—
Multifamily	2,210		27		2,496		27		2,095		72		2,280		75
Home equity and lines of credit	362		3		333		2		343		10		837		6
Commercial and industrial loans	122		1		1,008		7		294		1		1,241		28
	$	33,096	$	340	$	34,545	$	312	$	32,725	$	1,035	$	36,251	$	929

The following tables summarize loans that were modified as troubled debt restructurings ("TDRs") during the three and nine months ended September 30, 2015. There were no loans modified as TDRs during the three and nine months ended September 30, 2014.



	Three Months Ended			Nine Months Ended
	September 30, 2015
	Number of Relationships	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investement	Number of Relationships	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investement
		(dollars in thousands)			(dollars in thousands)
TDRs
Commercial real estate loans
Substandard	—	$—	$—	3	$8,457	$8,457
One-to-four family residential
Pass	—	—	—	1	20	20
Substandard	1	136	136	4	697	697
Home Equity	—	—	—	1	43	43
Total TDRs	1	$136	$136	9	$9,217	$9,217

For the three months ended September 30, 2015, the loan in the table above was restructured to receive reduced interest rates.

For the nine months ended September 30, 2015, one of the commercial real estate relationships in the table above, with a pre-modification outstanding recorded investment of $6.3 million, represents five loans to one borrower that were restructured into one loan during the nine months ended September 30, 2015. These loans were restructured to provide partial forgiveness of debt, after the borrower made a $500,000 principal payment. The remaining relationships in the table above were restructured to receive reduced interest rates.

At September 30, 2015, and December 31, 2014, there were TDRs of $31.7 million and $33.8 million, respectively.

Management classifies all TDRs as impaired loans. Impaired loans are individually assessed to determine that the loan’s carrying value is not in excess of the estimated fair value of the collateral less costs to sell, if the loan is collateral dependent, or the present value of the expected future cash flows, if the loan is not collateral dependent. Management performs a detailed evaluation of each impaired loan and generally obtains updated appraisals as part of the evaluation. In addition, management adjusts estimated fair values down to appropriately consider recent market conditions, our willingness to accept a lower sales price to effect a quick sale, and costs to dispose of any supporting collateral. Determining the estimated fair value of underlying collateral (and related costs to sell) can be difficult in illiquid real estate markets and is subject to significant assumptions and estimates. Management employs an independent third-party expert in appraisal preparation and review to ascertain the reasonableness of updated appraisals. Projecting the expected cash flows under TDRs which are not collateral dependent is inherently subjective and requires, among other things, an evaluation of the borrower’s current and projected financial condition. Actual results may be significantly different than our projections and our established allowance for loan losses on these loans, which could have a material effect on our financial results.

At September 30, 2015, no TDR loan that was restructured during the twelve months ended September 30, 2015, had subsequently defaulted.