LOANS (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Schedule of Portfolio of Loans

Portfolio loans consist of the following:

	June 30,			December 31,
	2018			2017
	(Dollars in thousands)
Commercial loans
Multifamily	$	141,004		$	120,480
Nonresidential		396,624			381,611
Land		16,887			15,162
Construction		127,691			116,863
Secured		212,173			177,994
Unsecured		6,438			10,506
Total commercial loans		900,817			822,616
Residential mortgage loans
One-to four-family		888,583			870,939
Construction		40,623			49,092
Total residential mortgage loans		929,206			920,031
Consumer loans
Home equity		187,771			195,852
Auto		83,829			64,364
Marine		1,404			1,526
Recreational vehicle		4,879			5,696
Other		7,026			6,056
Total consumer loans		284,909			273,494
Total loans		2,114,932			2,016,141
Less:
Allowance for loan losses		21,405			21,202
Deferred loan costs, net		(6,254	)		(4,938	)
Total		15,151			16,264
Loans, net	$	2,099,781		$	1,999,877

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 are based on impairment method as of June 30, 2018 and December 31, 2017 and activity for the three and six months ended June 30, 2018 and 2017.

Allowance For Loan Losses

	Commercial Loans			Residential Loans			Consumer Loans			Total
	(Dollars in thousands)
For the three months ended June 30, 2018
Beginning balance	$	13,095		$	5,701		$	2,814		$	21,610
Provision (recovery)		(263	)		180			(55	)		(138	)
Charge-offs		(75	)		(96	)		(83	)		(254	)
Recoveries		51			82			54			187
Ending balance	$	12,808		$	5,867		$	2,730		$	21,405
For the six months ended June 30, 2018
Beginning balance	$	12,542		$	5,860		$	2,800		$	21,202
Provision		133			87			49			269
Charge-offs		(75	)		(181	)		(269	)		(525	)
Recoveries		208			101			150			459
Ending balance	$	12,808		$	5,867		$	2,730		$	21,405
As of June 30, 2018
Period-end amount allocated to:
Loans individually evaluated for impairment	$	514		$	834		$	313			1,661
Loans collectively evaluated for impairment		12,239			5,033			2,417			19,689
Loans acquired with deteriorated credit quality		55			—			—			55
Ending balance	$	12,808		$	5,867		$	2,730		$	21,405
Period-end balances:
Loans individually evaluated for impairment		3,119			14,455			6,204			23,778
Loans collectively evaluated for impairment		896,607			914,751			278,705			2,090,063
Loans acquired with deteriorated credit quality		1,091			—			—			1,091
Ending balance	$	900,817		$	929,206		$	284,909		$	2,114,932

Allowance For Loan Losses

	Commercial Loans			Residential Loans			Consumer Loans			Total
For the three months ended June 30, 2017
Beginning balance	$	10,182		$	5,912		$	2,876		$	18,970
Provision		503			295			44			842
Charge-offs		(12	)		(273	)		(150	)		(435	)
Recoveries		148			34			101			283
Ending balance	$	10,821		$	5,968		$	2,871		$	19,660
For the six months ended June 30, 2017
Beginning balance	$	10,824		$	5,538		$	2,725		$	19,087
Provision		1,025			865			427			2,317
Charge-offs		(1,323	)		(503	)		(479	)		(2,305	)
Recoveries		295			68			198			561
Ending balance	$	10,821		$	5,968		$	2,871		$	19,660
As of December 31, 2017
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 acquired 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 acquired with deteriorated credit quality		1,194			—			—			1,194
Ending balance	$	822,616		$	920,031		$	273,494		$	2,016,141

Presentation of Average Balance, Interest Income Recognized and Cash Basis Income Recognized for Loans Individually Evaluated for Impairment by Classs

The following table presents loans individually evaluated for impairment by class of loans as of and for six months ended June 30, 2018:

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	$	28	$	—	$	—	$	—	$	—	$	—
Nonresidential		630		137		—		100		4		4
Land		706		—		—		6		—		—
Construction		2,457		—		—		—		—		—
Secured		1,115		907		—		901		—		—
Unsecured		184		—		—		—		—		—
Total commercial loans		5,120		1,044		—		1,007		4		4
Residential mortgage loans
One-to four-family		6,918		5,994		—		5,602		74		58
Construction		—		—		—		—		—		—
Total residential mortgage loans		6,918		5,994		—		5,602		74		58
Consumer loans
Home equity		1,496		1,224		—		1,087		11		10
Auto		29		22		—		33		—		—
Marine		553		181		—		181		—		—
Recreational vehicle		520		100		—		122		4		4
Other		1		—		—		6		—		—
Total consumer loans		2,599		1,527		—		1,429		15		14
Total	$	14,637	$	8,565	$	—	$	8,038	$	93	$	76
With a specific allowance recorded
Commercial loans
Multifamily	$	422	$	275	$	28	$	275	$	—	$	—
Nonresidential		1,235		1,232		13		1,356		52		44
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Secured		819		568		473		579		—		—
Unsecured		—		—		—		—		—		—
Total commercial loans		2,476		2,075		514		2,210		52		44
Residential mortgage loans
One-to four-family		8,574		8,461		834		9,793		233		195
Construction		—		—		—		—		—		—
Total residential mortgage loans		8,574		8,461		834		9,793		233		195
Consumer loans
Home equity		4,282		4,201		295		4,505		123		110
Auto		—		—		—		—		—		—
Marine		95		95		1		97		2		2
Recreational vehicle		393		381		17		393		11		10
Other		—		—		—		—		—		—
Total consumer loans		4,770		4,677		313		4,995		136		122
Total		15,820		15,213		1,661		16,998		421		361
Total impaired loans	$	30,457	$	23,778	$	1,661	$	25,036	$	514	$	437

The following table presents loans individually evaluated for impairment by class of loans as of and for six months ended June 30, 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	$	470	$	413	$	—	$	277	$	3	$	3
Nonresidential		2,030		1,464		—		1,040		50		49
Land		3,922		9		—		17		—		—
Construction		3,593		—		—		—		—		—
Secured		242		190		—		190		—		—
Unsecured		500				—		—		—		—
Total commercial loans		10,757		2,076		—		1,524		53		52
Residential mortgage loans
One-to four-family		7,704		5,762		—		6,095		50		41
Construction		—		—		—		—		—		—
Total residential mortgage loans		7,704		5,762		—		6,095		50		41
Consumer loans
Home equity		1,965		1,535		—		1,577		8		7
Auto		34		18		—		11		—		—
Marine		540		169		—		210		—		—
Recreational vehicle		560		152		—		164		5		5
Other		—		—		—		—		—		—
Total consumer loans		3,099		1,874		—		1,962		13		12
Total	$	21,560	$	9,712	$	—	$	9,581	$	116	$	105
With a specific allowance recorded
Commercial loans
Multifamily	$	—	$	—	$	—	$	—	$	—	$	—
Nonresidential		501		456		5		2,164		12		11
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Secured		—		—		—		57		—		—
Unsecured		—		—		—		—		—		—
Total commercial loans		501		456		5		2,221		12		11
Residential mortgage loans
One-to four-family		10,526		10,428		1,171		10,764		273		229
Construction		—		—		—		—		—		—
Total residential mortgage loans		10,526		10,428		1,171		10,764		273		229
Consumer loans
Home equity		4,973		4,919		377		5,212		151		134
Auto		—		—		—		—		—		—
Marine		104		104		1		106		3		3
Recreational vehicle		702		691		62		681		14		13
Other		—		—		—		—		—		—
Total consumer loans		5,779		5,714		440		5,999		168		150
Total		16,806		16,598		1,616		18,984		453		390
Total impaired loans	$	38,366	$	26,310	$	1,616	$	28,565	$	569	$	495

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

Impaired Loans

(Dollars in thousands)

	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated
With no specific allowance recorded
Commercial loans
Multifamily	$	41	$	—	$	—
Nonresidential		651		144		—
Land		716		9		—
Construction		2,467		—		—
Secured		1,042		894		—
Unsecured		187		—		—
Total commercial loans		5,104		1,047		—
Residential mortgage loans
One-to four-family		6,432		5,441		—
Construction		—		—		—
Total residential mortgage loans		6,432		5,441		—
Consumer loans
Home equity		1,399		1,059		—
Auto		29		14		—
Marine		553		181		—
Recreational vehicle		578		151		—
Other		3		3		—
Total consumer loans		2,562		1,408		—
Total	$	14,098	$	7,896	$	—
With a specific allowance recorded
Commercial loans
Multifamily	$	422	$	275	$	28
Nonresidential		1,455		1,423		16
Land		—		—		—
Construction		—		—		—
Secured		893		611		472
Unsecured		—		—		—
Total commercial loans		2,770		2,309		516
Residential mortgage loans
One-to four-family		10,874		10,699		1,145
Construction		—		—		—
Total residential mortgage loans		10,874		10,699		1,145
Consumer loans
Home equity		4,921		4,840		377
Auto		—		—		—
Marine		100		100		1
Recreational vehicle		418		406		20
Other		—		—		—
Total consumer loans		5,439		5,346		398
Total		19,083		18,354		2,059
Total impaired loans	$	33,181	$	26,250	$	2,059

The following table presents the average balance, interest income recognized and cash basis income recognized for loans individually evaluated for impairment by class of loans for the three months ended June 30, 2018:

	Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no specific allowance recorded
Commercial loans
Multifamily	$	—	$	—	$	—
Nonresidential		78		1		1
Land		5		—		—
Construction		—		—		—
Secured		905		—		—
Unsecured		—		—		—
Total commercial loans		988		1		1
Residential mortgage loans
One-to four-family		5,683		30		30
Construction		—		—		—
Total residential mortgage loans		5,683		30		30
Consumer loans
Home equity		1,101		6		6
Auto		42		—		—
Marine		181		—		—
Recreational vehicle		108		2		2
Other		8		—		—
Total consumer loans		1,440		8		8
Total	$	8,111	$	39	$	39
With a specific allowance recorded
Commercial loans
Multifamily	$	275	$	—	$	—
Nonresidential		1,323		22		22
Land		—		—		—
Construction		—		—		—
Secured		563		—		—
Unsecured		—		—		—
Total commercial loans		2,161		22		22
Residential mortgage loans
One-to four-family		9,340		98		96
Construction		—		—		—
Total residential mortgage loans		9,340		98		96
Consumer loans
Home equity		4,338		57		56
Auto		—		—		—
Marine		96		1		1
Recreational vehicle		387		5		5
Other		—		—		—
Total consumer loans		4,821		63		62
Total		16,322		183		180
Total impaired loans	$	24,433	$	222	$	219

The following table presents the average balance, interest income recognized and cash basis income recognized for loans individually evaluated for impairment by class of loans for the three months ended June 30, 2017:

	Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no specific allowance recorded
Commercial loans
Multifamily	$	416	$	—	$	—
Nonresidential		815		25		25
Land		9		—		—
Construction		—		—		—
Secured		190		—		—
Unsecured		—		—		—
Total commercial loans		1,430		25		25
Residential mortgage loans
One-to four-family		5,763		20		20
Construction		—		—		—
Total residential mortgage loans		5,763		20		20
Consumer loans
Home equity		1,574		3		3
Auto		16		—		—
Marine		182		—		—
Recreational vehicle		186		2		2
Other		—		—		—
Total consumer loans		1,958		5		5
Total	$	9,151	$	50	$	50
With a specific allowance recorded
Commercial loans
Multifamily	$	—	$	—	$	—
Nonresidential		1,179		5		5
Land		—		—		—
Construction		—		—		—
Secured		—		—		—
Unsecured		—		—		—
Total commercial loans		1,179		5		5
Residential mortgage loans
One-to four-family		10,783		114		111
Construction		—		—		—
Total residential mortgage loans		10,783		114		111
Consumer loans
Home equity		5,151		66		66
Auto		—		—		—
Marine		105		1		1
Recreational vehicle		708		7		6
Other		—		—		—
Total consumer loans		5,964		74		73
Total		17,926		193		189
Total impaired loans	$	27,077	$	243	$	239

Loans in Process of Foreclosure

The table below presents loans that are in the process of foreclosure at June 30, 2018 and December 31, 2017, but legal title, deed in lieu of foreclosure or similar legal agreement to the property has not yet been obtained:

	June 30, 2018				December 31, 2017
	Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance		Recorded Investment
	(Dollars in thousands)				(Dollars in thousands)
Mortgage loans in process of foreclosure	$	3,587	$	3,452	$	2,588	$	2,428
Consumer loans in process of foreclosure		1,148		1,058		613		608

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

The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans as of June 30, 2018:

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

As of June 30, 2018

	Nonaccrual		Loans past due over 90 days and still accruing
	(Dollars in thousands)
Commercial loans
Multifamily	$	275	$	—
Nonresidential		1,111		—
Land		—		—
Construction		—		—
Secured		1,475		—
Unsecured		—		—
Total commercial loans		2,861		—
Residential mortgage loans
One-to four-family		6,146		—
Construction		—		—
Total residential mortgage loans		6,146		—
Consumer Loans
Home equity		1,477		—
Auto		63		—
Marine		181		—
Recreational vehicle		62		—
Other		—		—
Total consumer loans		1,783		—
Total nonaccrual loans and loans past due over 90 days and still accruing	$	10,790	$	—

The following table presents the recorded investment in nonaccrual loans 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	$	—

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

The following table presents an age analysis of past-due loans, segregated by class of loans as of June 30, 2018:

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	$	140,729	$	141,004
Nonresidential		114		—		1,094		1,208		395,416		396,624
Land		—		—		—		—		16,887		16,887
Construction		—		—		—		—		127,691		127,691
Secured		92		—		1,474		1,566		210,607		212,173
Unsecured		—		—		—		—		6,438		6,438
Total commercial loans		206		—		2,843		3,049		897,768		900,817
Residential mortgage loans
One-to four-family		2,683		1,327		3,991		8,001		880,582		888,583
Construction		—		—		—		—		40,623		40,623
Total residential mortgage loans		2,683		1,327		3,991		8,001		921,205		929,206
Consumer Loans:
Home equity		746		295		1,261		2,302		185,469		187,771
Automobile		188		55		57		300		83,529		83,829
Marine		—		—		181		181		1,223		1,404
Recreational vehicle		68		51		62		181		4,698		4,879
Other		4		2		—		6		7,020		7,026
Total consumer loans		1,006		403		1,561		2,970		281,939		284,909
Total loans	$	3,895	$	1,730	$	8,395	$	14,020	$	2,100,912	$	2,114,932

The following table presents 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

Loans by Class Modified as Troubled Debt Restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2018:

	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
			(In thousands)
Commercial loans
Multifamily		—	$	—	$	—
Nonresidential		—		—		—
Land		—		—		—
Construction		—		—		—
Secured		—		—		—
Unsecured		—		—		—
Total commercial loans		—		—		—
Residential mortgage loans
One-to four-family		3		521		547
Construction		—		—		—
Total residential mortgage loans		3		521		547
Consumer loans
Home equity		2		113		113
Auto		—		—		—
Marine		—		—		—
Recreational vehicle		—		—		—
Other		—		—		—
Total consumer loans		2		113		113
Total restructured loans		5	$	634	$	660

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2018:

	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
			(In thousands)
Commercial loans
Multifamily		—	$	—	$	—
Nonresidential		1		124		124
Land		—		—		—
Construction		—		—		—
Secured		—		—		—
Unsecured		—		—		—
Total commercial loans		1		124		124
Residential mortgage loans
One-to four-family		3		521		547
Construction		—		—		—
Total residential mortgage loans		3		521		547
Consumer loans
Home equity		2		113		113
Auto		—		—		—
Marine		—		—		—
Recreational vehicle
Other		—		—		—
Total consumer loans		2		113		113
Total restructured loans		6	$	758	$	784

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2017:

	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		1		75		84
Construction		—		—		—
Total residential mortgage loans		1		75		84
Consumer loans
Home equity		—		—		—
Auto		—		—		—
Marine		—		—		—
Recreational vehicle		1		115		115
Other		—		—		—
Total consumer loans		1		115		115
Total restructured loans		2	$	190	$	199

Loans by Class Modified as Troubled Debt Restructurings with Payment Default

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within a twelve-month cycle following the modification during the period ended June 30, 2018.

	Number of loans		Recorded Investment
			(Dollars in thousands)
Commercial loans
Multifamily		—	$	—
Nonresidential		1		121
Land		—		—
Construction		—		—
Secured		—		—
Unsecured		—		—
Total commercial loans		1		121
Residential mortgage loans
One-to four-family		2		357
Construction		—		—
Total residential mortgage loans		2		357
Consumer loans
Home equity		—		—
Auto		—		—
Marine		—		—
Recreational vehicle		—		—
Other		—		—
Total consumer loans		—		—
Total restructured loans		3	$	478

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within a twelve month cycle following the modification during the period ended June 30, 2017:

	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		1		164
Construction		—		—
Total residential mortgage loans		1		164
Consumer loans
Home equity		1		47
Auto		—		—
Marine		—		—
Recreational vehicle		—		—
Other		—		—
Total consumer loans		1		47
Total restructured loans		2	$	211

Risk Category of Loans by Class of Loans

As of June 30, 2018 and December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

June 30, 2018

(Dollars in thousands)

	Unclassified				Classified
	Unclassified		Special Mention		Substandard		Doubtful		Loss		Total Classified		Total Loans
Commercial Loans
Multifamily	$	138,238	$	2,491	$	275	$	—	$	—	$	275	$	141,004
Nonresidential		379,794		5,162		11,668		—		—		11,668		396,624
Land		16,887		—		—		—		—		—		16,887
Construction		119,065		8,626		—		—		—		—		127,691
Secured		186,069		4,851		21,253		—		—		21,253		212,173
Unsecured		6,345		—		93		—		—		93		6,438
Total commercial loans		846,398		21,130		33,289		—		—		33,289		900,817
Residential mortgage loans
One-to four-family		880,779		1,102		6,702		—		—		6,702		888,583
Construction		40,623		—		—		—		—		—		40,623
Total residential mortgage loans		921,402		1,102		6,702		—		—		6,702		929,206
Consumer Loans
Home equity		186,276		—		1,495		—		—		1,495		187,771
Auto		83,766		—		63		—		—		63		83,829
Marine		1,223		—		181		—		—		181		1,404
Recreational vehicle		4,817		—		62		—		—		62		4,879
Other		7,025		—		1		—		—		1		7,026
Total consumer loans		283,107		—		1,802		—		—		1,802		284,909
Total loans	$	2,050,907	$	22,232	$	41,793	$	—	$	—	$	41,793	$	2,114,932

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

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

The carrying amount of those loans is as follows:

	June 30, 2018		December 31, 2017
	(Dollars in thousands)
Commercial loans	$	1,091	$	1,194
Residential mortgage loans		—		—
Consumer loans		—		—
Outstanding balance	$	1,091	$	1,194
Carrying amount, net of allowance of $55,000 and $55,000		1,036		1,139

Accretable Yield or Income Expected to be Collected

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

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
	(Dollars in thousands)
Beginning of period	$	110	$	128	$	110	$	—
New loans purchased		—		—		—		158
Accretion of income		6		12		6		42
Balance at end of period	$	104	$	116	$	104	$	116

Carrying Amount of Purchased Credit Impaired Loans

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

	June 30, 2018		June 30, 2017
	(Dollars in thousands)
Loans at beginning of period	$	1,194	$	—
Loans purchased during the period		—		1,797
Loans at end of period		1,091		1,438