LOANS (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Schedule of Portfolio of Loans

Portfolio loans consist of the following:

	December 31,			December 31,
	2017			2016
	(Dollars in thousands)
Commercial loans
Multifamily	$	120,480		$	93,597
Nonresidential		381,611			231,401
Land		15,162			8,373
Construction		116,863			68,158
Secured		177,994			95,343
Unsecured		10,506			7,386
Total commercial loans		822,616			504,258
Residential mortgage loans
One-to four-family		870,939			762,926
Construction		49,092			35,695
Total residential mortgage loans		920,031			798,621
Consumer loans
Home equity		195,852			165,054
Auto		64,364			39,609
Marine		1,526			1,796
Recreational vehicle		5,696			7,602
Other		6,056			2,537
Total consumer loans		273,494			216,598
Total loans		2,016,141			1,519,477
Less:
Allowance for loan losses		21,202			19,087
Deferred loan fees, net		(4,938	)		(3,187	)
Total		16,264			15,900
Loans, net	$	1,999,877		$	1,503,577

Number of Outstanding Commitments to Extend Credit

Home Savings normally has a number of outstanding commitments to extend credit.

	December 31,
	2017				2016
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
	(Dollars in thousands)
Commitments to make loans	$	80,741	$	39,978	$	74,927	$	40,908
Undisbursed loans in process		6,779		163,903		5,450		130,566
Unused lines of credit		9,503		247,891		8,538		156,032

Investment in Loans by Portfolio Segment and Based on Impairment

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2017 and December 31, 2016 and activity for the years ended December 31, 2017, 2016 and 2015.

	Commercial Loans			Residential Loans			Consumer Loans			Total
	(Dollars in thousands)
2017
Beginning balance	$	10,824		$	5,538		$	2,725		$	19,087
Provision		2,590			1,305			358			4,253
Charge-offs		(1,565	)		(1,218	)		(815	)		(3,598	)
Recoveries		693			235			532			1,460
Ending balance	$	12,542		$	5,860		$	2,800		$	21,202
Period-end amount allocated to:
Loans individually evaluated for impairment	$	516		$	1,145		$	398		$	2,059
Loans collectively evaluated for impairment		11,971			4,715			2,402			19,088
Loans aquired with deteriorated credit quality		55			—			—			55
Ending balance	$	12,542		$	5,860		$	2,800		$	21,202
Period-end balances:
Loans individually evaluated for impairment		3,356			16,140			6,754			26,250
Loans collectively evaluated for impairment		818,066			903,891			266,740			1,988,697
Loans aquired with deteriorated credit quality		1,194			—			—			1,194
Ending balance	$	822,616		$	920,031		$	273,494		$	2,016,141
	Commercial Loans			Residential Loans			Consumer Loans			Total
	(Dollars in thousands)
2016
Beginning balance	$	8,077		$	6,630		$	3,005		$	17,712
Provision		5,611			(464	)		240			5,387
Charge-offs		(3,722	)		(761	)		(1,151	)		(5,634	)
Recoveries		858			133			631			1,622
Ending balance	$	10,824		$	5,538		$	2,725		$	19,087
Period-end amount allocated to:
Loans individually evaluated for impairment	$	1,271		$	1,245		$	500		$	3,016
Loans collectively evaluated for impairment		9,553			4,293			2,225			16,071
Ending balance	$	10,824		$	5,538		$	2,725		$	19,087
Period-end balances:
Loans individually evaluated for impairment	$	6,018		$	17,485		$	8,045		$	31,548
Loans collectively evaluated for impairment		498,240			781,136			208,553			1,487,929
Ending balance	$	504,258		$	798,621		$	216,598		$	1,519,477
	Commercial Loans			Residential Loans			Consumer Loans			Total
	(Dollars in thousands)
2015
Beginning balance	$	5,690		$	8,517		$	3,480		$	17,687
Provision		2,922			(974	)		187			2,135
Charge-offs		(1,268	)		(1,301	)		(1,257	)		(3,826	)
Recoveries		733			388			595			1,716
Ending balance	$	8,077		$	6,630		$	3,005		$	17,712

Presentation of Loans Individually Evaluated for Impairment by Class

The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 2017:

Impaired Loans

(Dollars in thousands)

	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no specific allowance recorded
Commercial loans
Multifamily	$	41	$	—	$	—	$	309	$	—	$	—
Nonresidential		651		144		—		482		7		7
Land		716		9		—		9		—		—
Construction		2,467		—		—		—		—		—
Secured		1,042		894		—		371		43		43
Unsecured		187		—		—		—		—
Total commercial loans		5,104		1,047		—		1,171		50		50
Residential mortgage loans
One-to four-family		6,432		5,441		—		5,695		128		119
Construction		—		—		—		—		—		—
Total residential mortgage loans		6,432		5,441		—		5,695		128		119
Consumer loans
Home equity		1,399		1,059		—		1,346		21		21
Auto		29		14		—		12		1		1
Marine		553		181		—		179		1		1
Recreational vehicle		578		151		—		228		15		15
Other		3		3		—		1		—		—
Total consumer loans		2,562		1,408		—		1,766		38		38
Total	$	14,098	$	7,896	$	—	$	8,632	$	216	$	207
With a specific allowance recorded
Commercial loans
Multifamily	$	422	$	275	$	28	$	69	$	4	$	4
Nonresidential		1,455		1,423		16		1,332		110		102
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Secured		893		611		472		153		81		81
Unsecured		—		—		—		—		—		—
Total commercial loans		2,770		2,309		516		1,554		195		187
Residential mortgage loans
One-to four-family		10,874		10,699		1,145		10,792		493		448
Construction		—		—		—		—		—		—
Total residential mortgage loans		10,874		10,699		1,145		10,792		493		448
Consumer loans
Home equity		4,921		4,840		377		5,049		269		255
Auto		—		—		—		—		—		—
Marine		100		100		1		103		5		5
Recreational vehicle		418		406		20		560		22		21
Other		—		—		—		—		—		—
Total consumer loans		5,439		5,346		398		5,712		296		281
Total		19,083		18,354		2,059		18,058		984		916
Total impaired loans	$	33,181	$	26,250	$	2,059	$	26,690	$	1,200	$	1,123

The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2016:

Impaired Loans

(Dollars in thousands)

	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no specific allowance recorded
Commercial loans
Multifamily	$	55	$	—	$	—	$	—	$	—	$	—
Nonresidential		2,278		1,489		—		544		102		101
Land		3,922		34		—		234		—		—
Construction		3,594		—		—		—		—		—
Secured		242		190		—		2,823		—		—
Unsecured		713		—		—		—		7		7
Total commercial loans		10,804		1,713		—		3,601		109		108
Residential mortgage loans
One-to four-family		8,736		6,758		—		6,272		195		177
Construction		—		—		—		—		—		—
Total residential mortgage loans		8,736		6,758		—		6,272		195		177
Consumer loans
Home equity		2,159		1,583		—		1,382		66		64
Auto		11		3		—		7		—		—
Marine		585		267		—		293		1		1
Recreational vehicle		433		120		—		251		13		13
Other		—		—		—		2		1		1
Total consumer loans		3,188		1,973		—		1,935		81		79
Total	$	22,728	$	10,444	$	—	$	11,808	$	385	$	364
With a specific allowance recorded
Commercial loans
Multifamily	$	—	$	—	$	—	$	—	$	—	$	—
Nonresidential		6,930		4,133		1,193		7,698		143		142
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Secured		237		172		78		654		—		—
Unsecured		—		—		—		—		—		—
Total commercial loans		7,167		4,305		1,271		8,352		143		142
Residential mortgage loans
One-to four-family		10,810		10,727		1,245		11,898		497		457
Construction		—		—		—		—		—		—
Total residential mortgage loans		10,810		10,727		1,245		11,898		497		457
Consumer loans
Home equity		5,390		5,335		426		6,117		310		293
Auto		—		—		—		—		—		—
Marine		108		108		1		144		6		6
Recreational vehicle		639		629		73		691		26		26
Other		—		—		—		—		—		—
Total consumer loans		6,137		6,072		500		6,952		342		325
Total		24,114		21,104		3,016		27,202		982		924
Total impaired loans	$	46,842	$	31,548	$	3,016	$	39,010	$	1,367	$	1,288

The following table presents loans individually evaluated for impairment by class of loans for the year ended December 31, 2015:

Impaired Loans

(Dollars in thousands)

	Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no specific allowance recorded
Commercial loans
Multifamily	$	21	$	4	$	4
Nonresidential		1,389		6		6
Land		474		—		—
Construction		69		—		—
Secured		3,700		—		—
Unsecured		—		—		—
Total commercial loans		5,653		10		10
Residential mortgage loans
One-to four-family		4,710		156		149
Construction		—		—		—
Total residential mortgage loans		4,710		156		149
Consumer loans
Home equity		1,491		31		29
Auto		22		—		—
Marine		280		2		2
Recreational vehicle		70		4		4
Other		1		—		—
Total consumer loans		1,864		37		35
Total	$	12,227	$	203	$	194
With a specific allowance recorded
Commercial loans
Multifamily	$	21	$	—	$	—
Nonresidential		5,659		119		117
Land		—		—		—
Construction		379		—		—
Secured		324		—		—
Unsecured		—		—		—
Total commercial loans		6,383		119		117
Residential mortgage loans
One-to four-family		14,324		592		539
Construction		—		—		—
Total residential mortgage loans		14,324		592		539
Consumer loans
Home equity		8,346		402		381
Auto		2		—		—
Marine		41		7		7
Recreational vehicle		783		33		33
Other		2		1		1
Total consumer loans		9,174		443		422
Total		29,881		1,154		1,078
Total impaired loans	$	42,108	$	1,357	$	1,272

Loans in Process of Foreclosure

The table below presents loans that are in the process of foreclosure at December 31, 2017 and December 31, 2016, but legal title, deed in lieu of foreclosure or similar legal agreement to the property has not yet been obtained:

	December 31, 2017				December 31, 2016
	Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance		Recorded Investment
Mortgage loans in the process of foreclosure	$	2,588	$	2,428	$	3,025	$	2,576
Consumer loans in the process of foreclosure		613		608		1,069		795

Presentation of Recorded Investment in Nonaccrual Loans and Loans Past Due Over 90 Days and Still on Accrual by Class of Loans

The following tables present the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of December 31, 2017:

Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing

As of December 31, 2017

	Nonaccrual		Loans past due over 90 days and still accruing
	(Dollars in thousands)
Commercial loans
Multifamily	$	275	$	—
Nonresidential		1,218		—
Land		9		—
Construction		—		—
Secured		1,505		—
Unsecured		—		—
Total commercial loans		3,007		—
Residential mortgage loans
One-to four-family		6,076		—
Construction		—		—
Total residential mortgage loans		6,076		—
Consumer Loans
Home equity		2,074		—
Auto		155		—
Marine		181		—
Recreational vehicle		208		—
Other		2		—
Total consumer loans		2,620		—
Total nonaccrual loans and loans past due over 90 days and still accruing	$	11,703	$	—

The following tables present the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of December 31, 2016:

Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing

As of December 31, 2016

	Nonaccrual		Loans past due over 90 days and still accruing
	(Dollars in thousands)
Commercial loans
Multifamily	$	—	$	—
Nonresidential		3,546		—
Land		34		—
Construction		—		—
Secured		361		—
Unsecured		—		—
Total commercial loans		3,941		—
Residential mortgage loans
One-to four-family		6,084		—
Construction		—		—
Total residential mortgage loans		6,084		—
Consumer Loans
Home equity		1,936		—
Auto		31		—
Marine		267		—
Recreational vehicle		178		—
Other		2		—
Total consumer loans		2,414		—
Total nonaccrual loans and loans past due over 90 days and still accruing	$	12,439	$	—

Presentation of Age Analysis of Past-Due Loans, Segregated by Class of Loans

The following tables present an age analysis of past-due loans, segregated by class of loans as of December 31, 2017:

Past Due Loans

(Dollars in thousands)

	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Commercial loans
Multifamily	$	—	$	—	$	275	$	275	$	120,205	$	120,480
Nonresidential		20		—		1,199		1,219		380,392		381,611
Land		—		—		9		9		15,153		15,162
Construction		—		—		—		—		116,863		116,863
Secured		114		4		110		228		177,766		177,994
Unsecured		—		—		—		—		10,506		10,506
Total commercial loans		134		4		1,593		1,731		820,885		822,616
Residential mortgage loans
One-to four-family		4,704		1,523		4,804		11,031		859,908		870,939
Construction		—		—		—		—		49,092		49,092
Total residential mortgage loans		4,704		1,523		4,804		11,031		909,000		920,031
Consumer Loans:
Home equity		1,184		120		1,793		3,097		192,755		195,852
Automobile		187		100		82		369		63,995		64,364
Marine		—		—		181		181		1,345		1,526
Recreational vehicle		47		—		165		212		5,484		5,696
Other		31		3		2		36		6,020		6,056
Total consumer loans		1,449		223		2,223		3,895		269,599		273,494
Total loans	$	6,287	$	1,750	$	8,620	$	16,657	$	1,999,484	$	2,016,141

The following tables present an age analysis of past-due loans, segregated by class of loans as of December 31, 2016:

Past Due Loans

(Dollars in thousands)

	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Commercial loans
Multifamily	$	—	$	—	$	—	$	—	$	93,597	$	93,597
Nonresidential		3,511		—		61		3,572		227,829		231,401
Land		—		—		34		34		8,339		8,373
Construction		—		—		—		—		68,158		68,158
Secured		—		—		361		361		94,982		95,343
Unsecured		—		—		—		—		7,386		7,386
Total commercial loans		3,511		—		456		3,967		500,291		504,258
Residential mortgage loans
One-to four-family		3,774		1,717		5,461		10,952		751,974		762,926
Construction		—		—		—		—		35,695		35,695
Total residential mortgage loans		3,774		1,717		5,461		10,952		787,669		798,621
Consumer Loans:
Home equity		941		458		1,669		3,068		161,986		165,054
Automobile		130		—		3		133		39,476		39,609
Marine		—		—		267		267		1,529		1,796
Recreational vehicle		131		347		—		478		7,124		7,602
Other		1		3		2		6		2,531		2,537
Total consumer loans		1,203		808		1,941		3,952		212,646		216,598
Total loans	$	8,488	$	2,525	$	7,858	$	18,871	$	1,500,606	$	1,519,477

Loans by Class Modified as TDRs

The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2017:

	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
			(In thousands)
Commercial loans
Multifamily		—	$	—	$	—
Nonresidential		2		1,379		1,379
Land		—		—		—
Construction		—		—		—
Secured		—		—		—
Unsecured		—		—		—
Total commercial loans		2		1,379		1,379
Residential mortgage loans
One-to four-family		3		309		350
Construction		—		—		—
Total residential mortgage loans		3		309		350
Consumer loans
Home equity		—		—		—
Auto		—		—		—
Marine		—		—		—
Recreational vehicle		1		115		115
Other		—		—		—
Total consumer loans		1		115		115
Total restructured loans		6	$	1,803	$	1,844

The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2016:

	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
			(Dollars in thousands)
Commercial loans
Multifamily		—	$	—	$	—
Nonresidential		4		6,134		6,140
Land		—		—		—
Construction		—		—		—
Secured		—		—		—
Unsecured		—		—		—
Total commercial loans		4		6,134		6,140
Residential mortgage loans
One-to four-family		8		812		853
Construction		—		—		—
Total residential mortgage loans		8		812		853
Consumer loans
Home equity		4		178		182
Auto		—		—		—
Marine		—		—		—
Recreational vehicle		—		—		—
Other		—		—		—
Total consumer loans		4		178		182
Total restructured loans		16	$	7,124	$	7,175

The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2015:

	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
			(Dollars in thousands)
Commercial loans
Multifamily		—	$	—	$	—
Nonresidential		—		—		—
Land		—		—		—
Construction		—		—		—
Secured		—		—		—
Unsecured		—		—		—
Total commercial loans		—		—		—
Residential mortgage loans
One-to four-family		14		1,283		1,337
Construction		—		—		—
Total residential mortgage loans		14		1,283		1,337
Consumer loans
Home equity		14		844		845
Auto		—		—		—
Marine		—		—		—
Recreational vehicle		—		—		—
Other		1		28		8
Total consumer loans		15		872		853
Total restructured loans		29	$	2,155	$	2,190

Loans by Class Modified as TDRs with Payment Default

There were no loans modified as TDRs for which there was a payment default within twelve months following the modification during the period ended December 31, 2017.  

The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the period ended December 31, 2016:

	Number of loans		Recorded Investment
			(Dollars in thousands)
Commercial loans
Multifamily		—	$	—
Nonresidential		1		3,603
Land		—		—
Construction		—		—
Secured		—		—
Unsecured		—		—
Total commercial loans		1		3,603
Residential mortgage loans
One-to four-family		1		3
Construction		—		—
Total residential mortgage loans		1		3
Consumer loans
Home equity		—		—
Auto		—		—
Marine		—		—
Recreational vehicle		—		—
Other		—		—
Total consumer loans		—		—
Total restructured loans		2	$	3,606

The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the period ended December 31, 2015:

	Number of loans		Recorded Investment
			(Dollars in thousands)
Commercial loans
Multifamily		—	$	—
Nonresidential		—		—
Land		—		—
Construction		—		—
Secured		—		—
Unsecured		—		—
Total commercial loans		—		—
Residential mortgage loans
One-to four-family		2		29
Construction		—		—
Total residential mortgage loans		2		29
Consumer loans
Home equity		1		40
Auto		—		—
Marine		—		—
Recreational vehicle		—		—
Other		1		8
Total consumer loans		2		48
Total restructured loans		4	$	77

Risk Category of Loans by Class of Loans

As of December 31, 2017 and December 31, 2016, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

December 31, 2017

(Dollars in thousands)

	Unclassified				Classified
	Unclassified		Special Mention		Substandard		Doubtful		Loss		Total Classified		Total Loans
Commercial Loans
Multifamily	$	118,716	$	1,334	$	430	$	—	$	—	$	430	$	120,480
Nonresidential		367,553		6,394		7,664		—		—		7,664		381,611
Land		15,153		—		9		—		—		9		15,162
Construction		116,460		403		—		—		—		—		116,863
Secured		149,912		6,092		21,990		—		—		21,990		177,994
Unsecured		10,412		—		94		—		—		94		10,506
Total commercial loans		778,206		14,223		30,187		—		—		30,187		822,616
Residential mortgage loans
One-to four-family		861,971		1,585		7,383		—		—		7,383		870,939
Construction		49,092		—		—		—		—		—		49,092
Total residential mortgage loans		911,063		1,585		7,383		—		—		7,383		920,031
Consumer Loans
Home equity		193,733		—		2,119		—		—		2,119		195,852
Auto		64,209		—		155		—		—		155		64,364
Marine		1,345		—		181		—		—		181		1,526
Recreational vehicle		5,488		—		208		—		—		208		5,696
Other		6,051		—		5		—		—		5		6,056
Total consumer loans		270,826		—		2,668		—		—		2,668		273,494
Total loans	$	1,960,095	$	15,808	$	40,238	$	—	$	—	$	40,238	$	2,016,141

December 31, 2016

(Dollars in thousands)

	Unclassified				Classified
	Unclassified		Special Mention		Substandard		Doubtful		Loss		Total Classified		Total Loans
Commercial Loans
Multifamily	$	89,468	$	3,564	$	565	$	—	$	—	$	565	$	93,597
Nonresidential		217,204		6,037		8,160		—		—		8,160		231,401
Land		8,339		—		34		—		—		34		8,373
Construction		68,158		—		—		—		—		—		68,158
Secured		89,756		3,420		2,167		—		—		2,167		95,343
Unsecured		7,291		—		95		—		—		95		7,386
Total commercial loans		480,216		13,021		11,021		—		—		11,021		504,258
Residential mortgage loans
One-to four-family		754,996		104		7,826		—		—		7,826		762,926
Construction		35,695		—		—		—		—		—		35,695
Total residential mortgage loans		790,691		104		7,826		—		—		7,826		798,621
Consumer Loans
Home equity		163,101		—		1,953		—		—		1,953		165,054
Auto		39,577		1		31		—		—		31		39,609
Marine		1,530		—		266		—		—		266		1,796
Recreational vehicle		7,424		—		178		—		—		178		7,602
Other		2,535		—		2		—		—		2		2,537
Total consumer loans		214,167		1		2,430		—		—		2,430		216,598
Total loans	$	1,485,074	$	13,126	$	21,277	$	—	$	—	$	21,277	$	1,519,477

Loans to Officers and/or Directors

The following describes loans to officers and/or directors of the Company:

	(Dollars in thousands)
Balance as of December 31, 2016	$	927
New loans to officers and/or directors		7,532
Loan payments during 2017		(89	)
Increase due to changes in officers and/or directors		189
Balance as of December 31, 2017	$	8,559

Schedule of Purchased Credit Impaired Loans for which Payments Would Not be Collected

The carrying amount of those loans is as follows:

	December 31, 2017
	(Dollars in thousands)
Commercial loans	$	1,194
Residential mortgage loans		—
Consumer loans		—
Outstanding balance	$	1,194
Carrying amount, net of allowance of $55	$	1,139

Accretable Yield or Income Expected to be Collected

Accretable yield, or income expected to be collected, is as follows:  

	Year Ended
	December 31, 2017
	(Dollars in thousands)
Beginning of period	$	—
New loans purchased		158
Accretion of income		64
Balance at December 31	$	94

Schedule of Purchased Credit Impaired Loans Purchased at Acquisition

Purchased credit impaired loans purchased during the year ended December 31, 2017 for which it was probable at acquisition that all contractually required payments would not be collected are as follows:

	December 31, 2017
	(Dollars in thousands)
Contractually required payments receivable of   loans purchased during the year:
Commercial loans	$	4,499
Residential mortgage loans		—
Consumer loans		—
	$	4,499
Cash flow expected to be collected at acquisition	$	1,955
Fair value of acquired loans at acquisition		1,797

Carrying Amount of Purchased Credit Impaired Loans

Income is not recognized on purchased credit impaired loans if the Company cannot reasonable estimate cash flows expected to be collected.  The carrying amounts of such loans are as follows:

	December 31, 2017
	(Dollars in thousands)
Loans at beginning of year	$	—
Loans purchased during the year		1,797
Loans at end of period		1,194