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Bank Loans and Related Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Composition of Bank Loans and Delinquency Analysis by Loan Segment
The composition of bank loans and delinquency analysis by loan type is as follows:
September 30, 2017
Current
30-59 days
past due
60-89 days
past due
>90 days past
due and other
nonaccrual loans
Total past due
and other
nonaccrual loans
Total
loans
Allowance
for loan
losses
Total
bank
loans - net
Residential real estate mortgages
$
9,773

$
11

$
2

$
16

$
29

$
9,802

$
16

$
9,786

Home equity loans and lines of credit
2,027

4

1

10

15

2,042

8

2,034

Pledged asset lines
4,278

1

—

—

1

4,279

—

4,279

Other
135

—

—

—

—

135

2

133

Total bank loans
$
16,213

$
16

$
3

$
26

$
45

$
16,258

$
26

$
16,232

 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
Residential real estate mortgages
$
9,100

$
15

$
3

$
16

$
34

$
9,134

$
17

$
9,117

Home equity loans and lines of credit
2,336

2

2

10

14

2,350

8

2,342

Pledged asset lines
3,846

4

1

—

5

3,851

—

3,851

Other
94

—

—

—

—

94

1

93

Total bank loans
$
15,376

$
21

$
6

$
26

$
53

$
15,429

$
26

$
15,403
Changes in Allowance for Loan Losses
Changes in the allowance for loan losses were as follows:
Three Months Ended
 
September 30, 2017
 
September 30, 2016

 
Residential
real estate
mortgages
 
Home equity
loans and
lines of credit
 
Other
 
Total
 
Residential
real estate
mortgages
 
Home equity
loans and
lines of credit
 
Other
 
Total
Balance at beginning of period
 
$
17

 
$
8

 
$
1

 
$
26

 
$
20

 
$
10

 
$
1

 
$
31

Charge-offs
 
(1
)
 
—

 
—

 
(1
)
 
—

 
—

 
—

 
—

Recoveries
 
—

 
—

 
1

 
1

 
—

 
—

 
—

 
—

Provision for loan losses
 
—

 
—

 
—

 
—

 
(5
)
 
—

 
—

 
(5
)
Balance at end of period
 
$
16

 
$
8

 
$
2

 
$
26

 
$
15

 
$
10

 
$
1

 
$
26

Nine Months Ended
 
September 30, 2017
 
September 30, 2016

 
Residential
real estate
mortgages
 
Home equity
loans and
lines of credit
 
Other
 
Total
 
Residential
real estate
mortgages
 
Home equity
loans and
lines of credit
 
Other
 
Total
Balance at beginning of period
 
$
17

 
$
8

 
$
1

 
$
26

 
$
20

 
$
11

 
$
—

 
$
31

Charge-offs
 
(2
)
 
(1
)
 
—

 
(3
)
 
(1
)
 
—

 
—

 
(1
)
Recoveries
 
1

 
1

 
1

 
3

 
1

 
—

 
—

 
1

Provision for loan losses
 
—

 
—

 
—

 
—

 
(5
)
 
(1
)
 
1

 
(5
)
Balance at end of period
 
$
16

 
$
8

 
$
2

 
$
26

 
$
15

 
$
10

 
$
1

 
$
26
Credit Quality Indicators of Bank Loan Portfolio
The credit quality indicators of the Company’s bank loan portfolio are detailed below:
September 30, 2017
 
Balance
 
Weighted Average
Updated FICO
 
Utilization
Rate (1)  
 
Percent of
Loans on
Nonaccrual Status
Residential real estate mortgages:
 
 
 
 
 
 
 
 
Estimated Current LTV
 
 
 
 
 
 
 
 
<70%
 
$
8,896

 
776

 
N/A

 
0.05
%
>70% – <90%
 
893

 
768

 
N/A

 
0.47
%
>90% – <100%
 
8

 
720

 
N/A

 
4.60
%
>100%
 
5

 
724

 
N/A

 
—

Total
 
$
9,802

 
776

 
N/A

 
0.09
%
Home equity loans and lines of credit:
 
 
 
 
 
 
 
 
Estimated Current LTV (2)
 
 
 
 
 
 
 
 
<70%
 
$
1,855

 
772

 
33
%
 
0.16
%
>70% – <90%
 
160

 
757

 
49
%
 
0.46
%
>90% – <100%
 
17

 
747

 
74
%
 
2.08
%
>100%
 
10

 
718

 
74
%
 
2.12
%
Total
 
$
2,042

 
770

 
34
%
 
0.21
%
Pledged asset lines:
 
 
 
 
 
 

 
 

Weighted-Average LTV (2)
 
 
 
 
 
 

 
 

=70%
 
$
4,279

 
767

 
42
%
 
—

(1) The Utilization Rate is calculated using the outstanding balance divided by the associated total line of credit.
(2) Represents the LTV for the full line of credit (drawn and undrawn).
N/A Not applicable.

September 30, 2017
 
Residential
real estate
mortgages
 
Home equity
loans and
lines of credit
Year of origination
 
 
 
 

Pre-2013
 
$
1,639

 
$
1,448

2013
 
1,437

 
158

2014
 
569

 
126

2015
 
1,280

 
134

2016
 
2,967

 
107

2017
 
1,910

 
69

Total
 
$
9,802

 
$
2,042

Origination FICO
 
 

 
 

<620
 
$
7

 
$
1

620 – 679
 
85

 
10

680 – 739
 
1,533

 
377

>740
 
8,177

 
1,654

Total
 
$
9,802

 
$
2,042

Origination LTV
 
 
 
 
<70%
 
$
7,395

 
$
1,423

>70% – <90%
 
2,400

 
608

>90% – <100%
 
7

 
11

Total
 
$
9,802

 
$
2,042

December 31, 2016
 
Balance
 
Weighted Average
Updated FICO
 
Utilization
Rate (1)  
 
Percent of
Loans on
Nonaccrual Status
Residential real estate mortgages:
 
 
 
 
 
 
 
 
Estimated Current LTV
 
 
 
 
 
 
 
 
<70%
 
$
8,350

 
774

 
N/A 

 
0.04
%
>70% – <90%
 
743

 
768

 
N/A 

 
0.35
%
>90% – <100%
 
21

 
747

 
N/A 

 
2.08
%
>100%
 
20

 
709

 
N/A 

 
14.50
%
Total
 
$
9,134

 
773

 
N/A 

 
0.10
%
Home equity loans and lines of credit:
 
 
 
 
 
 
 
 
Estimated Current LTV (2)
 
 
 
 
 
 
 
 
<70%
 
$
2,070

 
771

 
35
%
 
0.12
%
>70% – <90%
 
234

 
757

 
50
%
 
0.40
%
>90% – <100%
 
29

 
747

 
66
%
 
1.74
%
>100%
 
17

 
728

 
70
%
 
3.73
%
Total
 
$
2,350

 
769

 
36
%
 
0.20
%
Pledged asset lines:
 
 
 
 
 
 
 
 
Weighted-Average LTV (2)
 
 
 
 
 
 
 
 
=70%
 
$
3,851

 
763

 
46
%
 
—

(1) The Utilization Rate is calculated using the outstanding balance divided by the associated total line of credit.
(2) Represents the LTV for the full line of credit (drawn and undrawn).
N/A Not applicable.
December 31, 2016
 
Residential
real estate
mortgages
 
Home equity
loans and
lines of credit
Year of origination
 
 
 
 

Pre-2013
 
$
2,136

 
$
1,765

2013
 
1,746

 
193

2014
 
685

 
152

2015
 
1,458

 
146

2016
 
3,109

 
94

Total
 
$
9,134

 
$
2,350

Origination FICO
 
 

 
 

<620
 
$
8

 
$
—

620 – 679
 
92

 
13

680 – 739
 
1,427

 
432

>740
 
7,607

 
1,905

Total
 
$
9,134

 
$
2,350

Origination LTV
 
 

 
 

<70%
 
$
6,865

 
$
1,628

>70% – <90%
 
2,260

 
709

>90% – <100%
 
9

 
13

Total
 
$
9,134

 
$
2,350
Converting to Amortizing Loans
The following table presents when current outstanding HELOCs will convert to amortizing loans:
September 30, 2017
 
Balance
Converted to an amortizing loan by period end
 
$
447

Within 1 year
 
475

> 1 year – 3 years
 
346

> 3 years – 5 years
 
148

> 5 years
 
626

Total
 
$
2,042