Loans (Tables)

12 Months Ended

Dec. 31, 2014

Loans [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

	December 31,
(In thousands)	2014		2013
Commercial and industrial	$	203,350	$	171,304
Real estate
Commercial:
Mortgage		117,754		128,358
Construction		—		6,632
Church, church-related:
Mortgage		305,887		326,832
Construction		18,612		9,817
Industrial Revenue Bond		23,348		9,167
Other		395		67
Total loans	$	669,346	$	652,177

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at December 31, 2014:

	Performing						Nonperforming
								90 Days
				30-59		60-89		and		Non-		Total
(In thousands)	Current		Days		Days		Over		accrual		Loans
Commercial and industrial	$	203,350	$	—	$	—	$	—	$	—	$	203,350
Real estate
Commercial:
Mortgage		117,393		—		—		—		361		117,754
Construction		—		—		—		—		—		—
Church, church-related:
Mortgage		305,760		—		—		—		127		305,887
Construction		18,612		—		—		—		—		18,612
Industrial Revenue Bond		23,348		—		—		—		—		23,348
Other		395		—		—		—		—		395
Total	$	668,858	$	—	$	—	$	—	$	488	$	669,346

The following table presents the aging of loans by loan categories at December 31, 2013:

	Performing						Nonperforming
								90 Days
				30-59		60-89		and		Non-		Total
(In thousands)	Current		Days		Days		Over		accrual		Loans
Commercial and industrial	$	171,293	$	—	$	—	$	—	$	11	$	171,304
Real estate
Commercial:
Mortgage		127,879				—		—		479		128,358
Construction		6,632		—		—		—		—		6,632
Church, church-related:
Mortgage		325,091		434		—		—		1,307		326,832
Construction		9,817		—		—		—		—		9,817
Industrial Revenue Bond		9,167		—		—		—		—		9,167
Other		67		—		—		—		—		67
Total	$	649,946	$	434	$	—	$	—	$	1,797	$	652,177

Schedule of Credit Exposure of the Loan Portfolio

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2014:

	Loans		Performing		Nonperforming
	Subject to		Loans Subject to		Loans Subject
	Normal		Special		to Special
(In thousands)	Monitoring1		Monitoring2		Monitoring2		Total Loans
Commercial and industrial	$	199,837	$	3,513	$	—	$	203,350
Real estate
Commercial:
Mortgage		103,097		14,296		361		117,754
Construction		—		—		—		—
Church, church-related:
Mortgage		304,219		1,541		127		305,887
Construction		18,612		—		—		18,612
Industrial Revenue Bond		23,348		—		—		23,348
Other		395		—		—		395
Total	$	649,508	$	19,350	$	488	$	669,346

1	Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation.
2	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2013:

	Loans		Performing		Nonperforming
	Subject to		Loans Subject to		Loans Subject to
	Normal		Special		Special		Total
(In thousands)	Monitoring1		Monitoring2		Monitoring2		Loans
Commercial and industrial	$	167,878	$	3,415	$	11	$	171,304
Real estate
Commercial:
Mortgage		119,521		8,358		479		128,358
Construction		6,632		—		—		6,632
Church, church-related:
Mortgage		323,291		2,234		1,307		326,832
Construction		9,817		—		—		9,817
Industrial Revenue Bond		9,167		—		—		9,167
Other		67		—		—		67
Total	$	636,373	$	14,007	$	1,797	$	652,177

¹ Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation.

² Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans

The following table presents the recorded investment and unpaid principal balance for impaired loans at December 31, 2014:

					Related
			Unpaid		Allowance
	Recorded		Principal		for Loan
(In thousands)	Investment		Balance		Losses
Commercial and industrial:
Nonaccrual	$	—	$	—	$	—
Real estate
Commercial Mortgage:
Nonaccrual		361		361		—
Church Mortgage:
Nonaccrual		127		127		127
Total impaired loans	$	488	$	488	$	127

The following table presents the recorded investment and unpaid principal balance for impaired loans at December 31, 2013:

					Related
			Unpaid		Allowance
	Recorded		Principal		for Loan
(In thousands)	Investment		Balance		Losses
Commercial and industrial:
Nonaccrual	$	11	$	11	$	6
Real estate
Commercial Mortgage:
Nonaccrual		479		479		89
Church Mortgage:
Nonaccrual		1,307		1,307		223
Total impaired loans	$	1,797	$	1,797	$	318

Summary of the Allowance for Loan Losses

A summary of the activity in the allowance for loan losses is as follows:

	December 31,		Charge-							December 31,
(In thousands)	2013		Offs		Recoveries		Provision			2014
Commercial and industrial	$	3,139	$	—	$	41	$	335		$	3,515
Real estate
Commercial:
Mortgage		3,064		—		222		(226	)		3,060
Construction		—		—		—		—			—
Church, church-related:
Mortgage		4,375		76		30		(313	)		4,016
Construction		124		—		—		16			140
Industrial Revenue Bond		155		—		—		239			394
Other		822		3		1		(51	)		769
Total	$	11,679	$	79	$	294	$	—		$	11,894