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Loans (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

		December 31,
(In thousands)		2017			2016
Commercial and industrial		$	236,394		$	214,767
Real estate
Commercial:
Mortgage			94,675			104,779
Construction			9,359			6,325
Church, church-related:
Mortgage			316,073			321,168
Construction			25,948			11,152
Industrial Revenue Bonds			3,374			6,639
Other			408			36
Total loans		$	686,231		$	664,866

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at December 31, 2017:

	Performing									Nonperforming
										90 Days
				30-59			60-89			and			Non-			Total
(In thousands)	Current			Days			Days			Over			accrual			Loans
Commercial and industrial	$	236,394		$	—		$	—		$	—		$	—		$	236,394
Real estate
Commercial:
Mortgage		94,675			—			—			—			—			94,675
Construction		9,359			—			—			—			—			9,359
Church, church-related:
Mortgage		316,073			—			—			—			—			316,073
Construction		25,948			—			—			—			—			25,948
Industrial Revenue Bonds		3,374			—			—			—			—			3,374
Other		408			—			—			—			—			408
Total	$	686,231		$	—		$	—		$	—		$	—		$	686,231

The following table presents the aging of loans by loan categories at December 31, 2016:

		Performing									Nonperforming
											90 Days
					30-59			60-89			and			Non-			Total
(In thousands)		Current			Days			Days			Over			accrual			Loans
Commercial and industrial		$	214,767		$	—		$	—		$	—		$	—		$	214,767
Real estate
Commercial:
Mortgage			104,534			—			—			—			245			104,779
Construction			6,325			—			—			—			—			6,325
Church, church-related:
Mortgage			321,168			—			—			—			—			321,168
Construction			11,152			—			—			—			—			11,152
Industrial Revenue Bonds			6,639			—			—			—			—			6,639
Other			24			12			—			—			—			36
Total		$	664,609		$	12		$	—		$	—		$	245		$	664,866

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, 2017:

		Loans			Performing			Nonperforming
		Subject to			Loans Subject to			Loans Subject
		Normal			Special			to Special
(In thousands)		Monitoring⁽¹⁾			Monitoring⁽²⁾			Monitoring⁽²⁾			Total Loans
Commercial and industrial		$	234,271		$	2,123		$	—		$	236,394
Real estate
Commercial:
Mortgage			93,788			887			—			94,675
Construction			9,359			—			—			9,359
Church, church-related:
Mortgage			316,042			31			—			316,073
Construction			25,948			—			—			25,948
Industrial Revenue Bonds			3,374			—			—			3,374
Other			408			—			—			408
Total		$	683,190		$	3,041		$	—		$	686,231

^⁽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, 2016:

		Loans			Performing			Nonperforming
		Subject to			Loans Subject to			Loans Subject to
		Normal			Special			Special
(In thousands)		Monitoring⁽¹⁾			Monitoring⁽²⁾			Monitoring⁽²⁾			Total Loans
Commercial and industrial		$	213,024		$	1,743		$	—		$	214,767
Real estate
Commercial:
Mortgage			103,778			756			245			104,779
Construction			6,325			—			—			6,325
Church, church-related:
Mortgage			318,030			3,138			—			321,168
Construction			11,152			—			—			11,152
Industrial Revenue Bonds			6,639			—			—			6,639
Other			36			—			—			36
Total		$	658,984		$	5,637		$	245		$	664,866

⁽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, 2016:


								Related
					Unpaid			Allowance
		Recorded			Principal			for Loan
(In thousands)		Investment			Balance			Losses
Commercial and industrial:
Nonaccrual		$	—		$	—		$	—
Real estate
Commercial – Mortgage:
Nonaccrual			245			245			—
Church – Mortgage:
Nonaccrual			—			—			—
Total impaired loans		$	245		$	245		$	—

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)			2016				Offs				Recoveries				Provision				2017
Commercial and industrial			$	3,261			$	—			$	30			$	361			$	3,652
Real estate
Commercial:
Mortgage				1,662				—				—				(268	)			1,394
Construction				47				—				—				23				70
Church, church-related:
Mortgage				4,027				—				—				(65	)			3,962
Construction				85				—				—				111				196
Industrial Revenue Bond				101				—				—				(49	)			52
Other				992				—				—				(113	)			879
Total			$	10,175			$	—			$	30			$	—			$	10,205