XML 67 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
Loans
 6 Months Ended
Jun. 30, 2015
Loans Receivable, Net [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
8.  Loans
 
Loans receivable consist of the following:
 
 
 
June 30,
2015
 
December 31,
2014
 
 
 
(In Thousands)
 
Real Estate:
 
 
 
 
 
 
 
Secured by 1-4 family residential
 
$
205,044
 
$
206,437
 
Secured by multi-family residential
 
 
162,595
 
 
156,530
 
Secured by commercial real estate
 
 
722,530
 
 
683,958
 
Construction
 
 
140,114
 
 
112,385
 
 
 
 
1,230,283
 
 
1,159,310
 
Other Loans:
 
 
 
 
 
 
 
Commercial
 
 
401,247
 
 
399,730
 
Home equity and improvement
 
 
109,694
 
 
111,813
 
Consumer Finance
 
 
14,911
 
 
15,466
 
 
 
 
525,852
 
 
527,009
 
Total loans
 
 
1,756,135
 
 
1,686,319
 
Deduct:
 
 
 
 
 
 
 
Undisbursed loan funds
 
 
(49,477)
 
 
(38,653)
 
Net deferred loan origination fees and costs
 
 
(942)
 
 
(880)
 
Allowance for loan loss
 
 
(25,384)
 
 
(24,766)
 
Totals
 
$
1,680,332
 
$
1,622,020
 
 
Loan segments have been identified by evaluating the portfolio based on collateral and credit risk characteristics.
 
The following table discloses allowance for loan loss activity for the quarter ended June 30, 2015 and 2014 by portfolio segment (In Thousands):
 
Quarter Ended June 30, 2015
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
Finance
 
Total
 
Beginning Allowance
 
$
2,483
 
$
2,554
 
$
11,684
 
$
303
 
$
6,766
 
$
1,420
 
$
92
 
$
25,302
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-Offs
 
 
(12)
 
 
(114)
 
 
(31)
 
 
0
 
 
(23)
 
 
(187)
 
 
(13)
 
 
(380)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recoveries
 
 
54
 
 
0
 
 
167
 
 
0
 
 
173
 
 
51
 
 
17
 
 
462
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provisions
 
 
352
 
 
(171)
 
 
276
 
 
5
 
 
(1,349)
 
 
823
 
 
64
 
 
0
 
Ending Allowance
 
$
2,877
 
$
2,269
 
$
12,096
 
$
308
 
$
5,567
 
$
2,107
 
$
160
 
$
25,384
 
 
Quarter Ended June 30, 2014
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
Finance
 
Total
 
Beginning Allowance
 
$
2,639
 
$
2,615
 
$
11,987
 
$
138
 
$
5,610
 
$
1,647
 
$
147
 
$
24,783
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-Offs
 
 
(42)
 
 
(0)
 
 
(39)
 
 
0
 
 
(973)
 
 
(80)
 
 
(12)
 
 
(1,146)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recoveries
 
 
98
 
 
2
 
 
200
 
 
0
 
 
173
 
 
55
 
 
16
 
 
544
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provisions
 
 
(350)
 
 
(137)
 
 
(672)
 
 
61
 
 
1,389
 
 
158
 
 
(3)
 
 
446
 
Ending Allowance
 
$
2,345
 
$
2,480
 
$
11,476
 
$
199
 
$
6,199
 
$
1,780
 
$
148
 
$
24,627
 
 
The following table discloses allowance for loan loss activity for the year-to-date periods ended June 30, 2015 and June 30, 2014 by portfolio segment and impairment method (In Thousands):
 
Year-to-date Period Ended
June 30, 2015
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
 
Total
 
Beginning Allowance
 
$
2,494
 
$
2,453
 
$
11,268
 
$
221
 
$
6,509
 
$
1,704
 
$
117
 
$
24,766
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-Offs
 
 
(90)
 
 
(114)
 
 
(186)
 
 
0
 
 
(25)
 
 
(230)
 
 
(16)
 
 
(661)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recoveries
 
 
73
 
 
0
 
 
764
 
 
0
 
 
213
 
 
80
 
 
29
 
 
1,159
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provisions
 
 
400
 
 
(70)
 
 
250
 
 
87
 
 
(1,130)
 
 
553
 
 
30
 
 
120
 
Ending Allowance
 
$
2,877
 
$
2,269
 
$
12,096
 
$
308
 
$
5,567
 
$
2,107
 
$
160
 
$
25,384
 
 
Year-to-date Period Ended
June 30, 2014
 
1-4 Family
Residential
Real Estate
 
Multi- Family
Residential
Real Estate
 
Commercial
Real Estate
 
Construction
 
Commercial
 
Home Equity
and
Improvement
 
Consumer
 
Total
 
Beginning Allowance
 
$
2,847
 
$
2,508
 
$
12,000
 
$
134
 
$
5,678
 
$
1,635
 
$
148
 
$
24,950
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-Offs
 
 
(270)
 
 
(0)
 
 
(267)
 
 
0
 
 
(1,498)
 
 
(264)
 
 
(23)
 
 
(2,322)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recoveries
 
 
154
 
 
5
 
 
922
 
 
0
 
 
249
 
 
86
 
 
34
 
 
1,450
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provisions
 
 
(386)
 
 
(33)
 
 
(1,179)
 
 
65
 
 
1,770
 
 
323
 
 
(11)
 
 
549
 
Ending Allowance
 
$
2,345
 
$
2,480
 
$
11,476
 
$
199
 
$
6,199
 
$
1,780
 
$
148
 
$
24,627
 
 
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2015 (In Thousands):
 
 
 
1-4 Family
 
Multi Family
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
Residential
 
Commercial
 
 
 
 
 
 
 
Home Equity
 
Consumer
 
 
 
 
 
 
Real Estate
 
Real Estate
 
Real Estate
 
Construction
 
Commercial
 
& Improvement
 
Finance
 
Total
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
248
 
$
-
 
$
220
 
$
-
 
$
13
 
$
25
 
$
32
 
$
538
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
2,629
 
 
2,269
 
 
11,876
 
 
308
 
 
5,554
 
 
2,082
 
 
128
 
 
24,846
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending allowance balance
 
$
2,877
 
$
2,269
 
$
12,096
 
$
308
 
$
5,567
 
$
2,107
 
$
160
 
$
25,384
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
9,807
 
$
2,256
 
$
20,358
 
$
-
 
$
5,124
 
$
2,394
 
$
62
 
$
40,001
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans collectively evaluated for impairment
 
 
195,613
 
 
160,442
 
 
704,220
 
 
90,626
 
 
397,369
 
 
107,774
 
 
14,835
 
 
1,670,879
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans acquired with deteriorated credit quality
 
 
1
 
 
-
 
 
160
 
 
-
 
 
19
 
 
-
 
 
-
 
 
180
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending loans balance
 
$
205,421
 
$
162,698
 
$
724,738
 
$
90,626
 
$
402,512
 
$
110,168
 
$
14,897
 
$
1,711,060
 
 
The following table presents 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, 2014 (In Thousands):
 
 
 
1-4 Family
 
Multi Family
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
 
Residential
 
Commercial
 
 
 
 
 
 
 
Home Equity
 
Consumer
 
 
 
 
 
 
Real Estate
 
Real Estate
 
Real Estate
 
Construction
 
Commercial
 
& Improvement
 
Finance
 
Total
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending allowance balance attributable to loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
216
 
$
-
 
$
1,003
 
$
-
 
$
30
 
$
24
 
$
-
 
$
1,273
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
2,278
 
 
2,453
 
 
10,265
 
 
221
 
 
6,479
 
 
1,680
 
 
117
 
 
23,493
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending allowance balance
 
$
2,494
 
$
2,453
 
$
11,268
 
$
221
 
$
6,509
 
$
1,704
 
$
117
 
$
24,766
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
10,281
 
$
2,482
 
$
28,117
 
$
150
 
$
5,739
 
$
2,242
 
$
34
 
$
49,045
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans collectively evaluated for impairment
 
 
196,582
 
 
154,178
 
 
657,677
 
 
73,572
 
 
395,270
 
 
110,040
 
 
15,417
 
 
1,602,736
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans acquired with deteriorated credit quality
 
 
1
 
 
-
 
 
163
 
 
-
 
 
22
 
 
-
 
 
-
 
 
186
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending loans balance
 
$
206,864
 
$
156,660
 
$
685,957
 
$
73,722
 
$
401,031
 
$
112,282
 
$
15,451
 
$
1,651,967
 
 
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans (In Thousands):
 
 
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
 
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Residential Owner Occupied
 
$
5,819
 
$
68
 
$
67
 
$
5,905
 
$
136
 
$
135
 
Residential Non Owner Occupied
 
 
4,027
 
 
38
 
 
39
 
 
4,187
 
 
79
 
 
79
 
Total Residential Real Estate
 
 
9,846
 
 
106
 
 
106
 
 
10,092
 
 
215
 
 
214
 
Construction
 
 
-
 
 
-
 
 
-
 
 
75
 
 
2
 
 
2
 
Multi-Family
 
 
2,408
 
 
5
 
 
6
 
 
2,435
 
 
13
 
 
14
 
CRE Owner Occupied
 
 
6,711
 
 
41
 
 
29
 
 
6,612
 
 
78
 
 
68
 
CRE Non Owner Occupied
 
 
9,452
 
 
111
 
 
129
 
 
9,820
 
 
244
 
 
264
 
Agriculture Land
 
 
2,228
 
 
25
 
 
15
 
 
1,494
 
 
32
 
 
28
 
Other CRE
 
 
2,118
 
 
16
 
 
16
 
 
2,280
 
 
26
 
 
25
 
Total Commercial Real Estate
 
 
20,509
 
 
193
 
 
189
 
 
20,206
 
 
380
 
 
385
 
Commercial Working Capital
 
 
1,537
 
 
14
 
 
12
 
 
1,702
 
 
27
 
 
25
 
Commercial Other
 
 
3,622
 
 
13
 
 
17
 
 
3,731
 
 
26
 
 
35
 
Total Commercial
 
 
5,159
 
 
27
 
 
29
 
 
5,433
 
 
53
 
 
60
 
Home Equity and Home Improvement
 
 
2,409
 
 
21
 
 
21
 
 
2,305
 
 
41
 
 
41
 
Consumer
 
 
65
 
 
1
 
 
1
 
 
54
 
 
1
 
 
1
 
Total Impaired Loans
 
$
40,396
 
$
353
 
$
352
 
$
40,600
 
$
705
 
$
717
 
 
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans (In Thousands):
 
 
 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2014
 
 
 
AverageBalance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
 
Cash Basis
Income
Recognized
 
Residential Owner Occupied
 
$
6,133
 
$
81
 
$
75
 
$
6,231
 
$
166
 
$
158
 
Residential Non Owner Occupied
 
 
3,715
 
 
32
 
 
33
 
 
3,900
 
 
70
 
 
71
 
Total Residential Real Estate
 
 
9,848
 
 
113
 
 
108
 
 
10,131
 
 
236
 
 
229
 
Construction
 
 
261
 
 
3
 
 
4
 
 
261
 
 
6
 
 
9
 
Multi-Family
 
 
369
 
 
1
 
 
1
 
 
378
 
 
2
 
 
2
 
CRE Owner Occupied
 
 
8,967
 
 
37
 
 
33
 
 
9,402
 
 
73
 
 
68
 
CRE Non Owner Occupied
 
 
18,469
 
 
201
 
 
204
 
 
18,912
 
 
405
 
 
408
 
Agriculture Land
 
 
683
 
 
5
 
 
3
 
 
685
 
 
8
 
 
5
 
Other CRE
 
 
1,788
 
 
5
 
 
6
 
 
1,825
 
 
10
 
 
11
 
Total Commercial Real Estate
 
 
29,907
 
 
248
 
 
246
 
 
30,824
 
 
496
 
 
492
 
Commercial Working Capital
 
 
3,286
 
 
8
 
 
8
 
 
3,105
 
 
11
 
 
11
 
Commercial Other
 
 
4,552
 
 
2
 
 
1
 
 
4,756
 
 
4
 
 
3
 
Total Commercial
 
 
7,838
 
 
10
 
 
9
 
 
7,861
 
 
15
 
 
14
 
Home Equity and Home Improvement
 
 
2,095
 
 
25
 
 
25
 
 
2,267
 
 
50
 
 
50
 
Consumer
 
 
51
 
 
1
 
 
1
 
 
54
 
 
2
 
 
2
 
Total Impaired Loans
 
$
50,369
 
$
401
 
$
394
 
$
51,776
 
$
807
 
$
798
 
 
The following table presents loans individually evaluated for impairment by class of loans (In Thousands):
 
 
 
June 30, 2015
 
December 31, 2014
 
 
 
Unpaid
Principal
Balance*
 
Recorded
Investment
 
Allowance
for Loan
Losses
Allocated
 
Unpaid
Principal
Balance*
 
Recorded
Investment
 
Allowance
for Loan
Losses
Allocated
 
With no allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
$
3,713
 
$
3,606
 
$
-
 
$
3,967
 
$
3,859
 
$
-
 
Residential Non Owner Occupied
 
 
3,526
 
 
3,517
 
 
-
 
 
3,763
 
 
3,670
 
 
-
 
Total 1-4 Family Residential Real Estate
 
 
7,239
 
 
7,123
 
 
-
 
 
7,730
 
 
7,529
 
 
-
 
Multi-Family Residential Real Estate
 
 
2,408
 
 
2,256
 
 
-
 
 
2,627
 
 
2,482
 
 
-
 
CRE Owner Occupied
 
 
4,249
 
 
3,903
 
 
-
 
 
7,109
 
 
6,481
 
 
-
 
CRE Non Owner Occupied
 
 
2,406
 
 
2,144
 
 
-
 
 
4,106
 
 
3,759
 
 
-
 
Agriculture Land
 
 
2,134
 
 
2,183
 
 
-
 
 
213
 
 
208
 
 
-
 
Other CRE
 
 
2,073
 
 
1,751
 
 
-
 
 
2,923
 
 
2,378
 
 
-
 
Total Commercial Real Estate
 
 
10,862
 
 
9,981
 
 
-
 
 
14,351
 
 
12,826
 
 
-
 
Construction
 
 
-
 
 
-
 
 
-
 
 
150
 
 
150
 
 
-
 
Commercial Working Capital
 
 
900
 
 
904
 
 
-
 
 
1,155
 
 
1,157
 
 
-
 
Commercial Other
 
 
3,367
 
 
3,193
 
 
-
 
 
3,966
 
 
3,663
 
 
-
 
Total Commercial
 
 
4,267
 
 
4,097
 
 
-
 
 
5,121
 
 
4,820
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home Equity and Home Improvement
 
 
2,349
 
 
2,298
 
 
-
 
 
2,192
 
 
2,140
 
 
-
 
Consumer Finance
 
 
29
 
 
29
 
 
-
 
 
35
 
 
34
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans with no allowance recorded
 
$
27,154
 
$
25,784
 
$
-
 
$
32,206
 
$
29,981
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
$
2,183
 
$
2,186
 
$
241
 
$
2,112
 
$
2,114
 
$
204
 
Residential Non Owner Occupied
 
 
494
 
 
498
 
 
7
 
 
636
 
 
638
 
 
12
 
Total 1-4 Family Residential Real Estate
 
 
2,677
 
 
2,684
 
 
248
 
 
2,748
 
 
2,752
 
 
216
 
Multi-Family Residential Real Estate
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
CRE Owner Occupied
 
 
3,231
 
 
2,832
 
 
169
 
 
2,667
 
 
2,257
 
 
148
 
CRE Non Owner Occupied
 
 
7,156
 
 
7,093
 
 
44
 
 
13,020
 
 
12,606
 
 
842
 
Agriculture Land
 
 
123
 
 
112
 
 
1
 
 
333
 
 
320
 
 
10
 
Other CRE
 
 
583
 
 
340
 
 
6
 
 
137
 
 
108
 
 
3
 
Total Commercial Real Estate
 
 
11,093
 
 
10,377
 
 
220
 
 
16,157
 
 
15,291
 
 
1,003
 
Construction
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial Working Capital
 
 
713
 
 
714
 
 
9
 
 
649
 
 
650
 
 
21
 
Commercial Other
 
 
310
 
 
313
 
 
4
 
 
264
 
 
269
 
 
9
 
Total Commercial
 
 
1,023
 
 
1,027
 
 
13
 
 
913
 
 
919
 
 
30
 
Home Equity and Home Improvement
 
 
95
 
 
96
 
 
25
 
 
101
 
 
102
 
 
24
 
Consumer Finance
 
 
32
 
 
33
 
 
32
 
 
-
 
 
-
 
 
-
 
Total loans with an allowance recorded
 
$
14,920
 
$
14,217
 
$
538
 
$
19,919
 
$
19,064
 
$
1,273
 
 
* Presented gross of charge offs
 
The following table presents the current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned on the dates indicated: 
 
 
 
June 30,
2015
 
December 31,
2014
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
 
Non-accrual loans
 
$
16,737
 
$
24,130
 
Loans over 90 days past due and still accruing
 
 
-
 
 
-
 
Total non-performing loans
 
 
16,737
 
 
24,130
 
Real estate and other assets held for sale
 
 
5,371
 
 
6,181
 
Total non-performing assets
 
$
22,108
 
$
30,311
 
Troubled debt restructuring, still accruing
 
$
22,234
 
$
24,686
 
 
The following table presents the aging of the recorded investment in past due and non accrual loans as of June 30, 2015 by class of loans (In Thousands):
 
 
 
Current
 
30-59 days
 
60-89 days
 
90+ days
 
Total
Past Due
 
Total Non
Accrual
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
$
141,983
 
$
-
 
$
427
 
$
290
 
$
717
 
$
1,502
 
Residential Non Owner Occupied
 
 
61,597
 
 
245
 
 
157
 
 
722
 
 
1,124
 
 
1,440
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total 1-4 Family Residential Real Estate
 
 
203,580
 
 
245
 
 
584
 
 
1,012
 
 
1,841
 
 
2,942
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-Family Residential Real Estate
 
 
160,594
 
 
-
 
 
-
 
 
2,104
 
 
2,104
 
 
2,123
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
314,314
 
 
106
 
 
1,277
 
 
2,051
 
 
3,434
 
 
4,652
 
CRE Non Owner Occupied
 
 
262,442
 
 
108
 
 
2,186
 
 
358
 
 
2,652
 
 
1,093
 
Agriculture Land
 
 
98,224
 
 
62
 
 
427
 
 
-
 
 
489
 
 
452
 
Other Commercial Real Estate
 
 
42,860
 
 
-
 
 
-
 
 
323
 
 
323
 
 
1,461
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
717,840
 
 
276
 
 
3,890
 
 
2,732
 
 
6,898
 
 
7,658
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
90,626
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
153,126
 
 
145
 
 
-
 
 
327
 
 
472
 
 
397
 
Commercial Other
 
 
245,954
 
 
5
 
 
1,857
 
 
1,098
 
 
2,960
 
 
3,054
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
399,080
 
 
150
 
 
1,857
 
 
1,425
 
 
3,432
 
 
3,451
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Finance
 
 
14,881
 
 
16
 
 
-
 
 
-
 
 
16
 
 
10
 
Home Equity/Home Improvement
 
 
109,229
 
 
658
 
 
254
 
 
27
 
 
939
 
 
553
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,695,830
 
$
1,345
 
$
6,585
 
$
7,300
 
$
15,230
 
$
16,737
 
 
The following table presents the aging of the recorded investment in past due and non accrual loans as of December 31, 2014 by class of loans (In Thousands):
 
 
 
Current
 
30-59 days
 
60-89 days
 
90+ days
 
Total
Past Due
 
Total Non
Accrual
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
$
141,597
 
$
39
 
$
1,079
 
$
365
 
$
1,483
 
$
1,702
 
Residential Non Owner Occupied
 
 
62,991
 
 
110
 
 
105
 
 
578
 
 
793
 
 
1,625
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total 1-4 Family Residential Real Estate
 
 
204,588
 
 
149
 
 
1,184
 
 
943
 
 
2,276
 
 
3,327
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-Family Residential Real Estate
 
 
156,413
 
 
247
 
 
-
 
 
-
 
 
247
 
 
2,546
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
299,500
 
 
163
 
 
1,566
 
 
1,753
 
 
3,482
 
 
7,004
 
CRE Non Owner Occupied
 
 
243,341
 
 
119
 
 
416
 
 
1,308
 
 
1,843
 
 
2,582
 
Agriculture Land
 
 
93,529
 
 
-
 
 
14
 
 
-
 
 
14
 
 
686
 
Other Commercial Real Estate
 
 
43,835
 
 
155
 
 
-
 
 
258
 
 
413
 
 
2,359
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
680,205
 
 
437
 
 
1,996
 
 
3,319
 
 
5,752
 
 
12,631
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
73,722
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
135,009
 
 
-
 
 
-
 
 
951
 
 
951
 
 
1,103
 
Commercial Other
 
 
262,982
 
 
67
 
 
10
 
 
2,012
 
 
2,089
 
 
3,897
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
397,991
 
 
67
 
 
10
 
 
2,963
 
 
3,040
 
 
5,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Finance
 
 
15,326
 
 
68
 
 
57
 
 
-
 
 
125
 
 
12
 
Home Equity/Home Improvement
 
 
110,940
 
 
1,236
 
 
-
 
 
106
 
 
1,342
 
 
619
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,639,185
 
$
2,204
 
$
3,247
 
$
7,331
 
$
12,782
 
$
24,135
 
 
Troubled Debt Restructurings
 
As of June 30, 2015 and December 31, 2014, the Company had a recorded investment in troubled debt restructurings (“TDRs”) of $29.0 million and $33.0 million, respectively. The Company allocated $431,000 and $1.1 million of specific reserves to those loans at June 30, 2015 and December 31, 2014, and has committed to lend additional amounts totaling up to $28,000 and $69,000 at June 30, 2015 and December 31, 2014, respectively.
 
The Company offers various types of concessions when modifying a loan, however, forgiveness of principal is rarely granted. Each TDR is uniquely designed to meet the specific needs of the borrower. Commercial and industrial loans modified in a TDR often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral or an additional guarantor is often requested when granting a concession. Commercial mortgage loans modified in a TDR often involve temporary interest-only payments, re-amortization of remaining debt in order to lower payments, and sometimes reducing the interest rate lower than the current market rate. Residential mortgage loans modified in a TDR are comprised of loans where monthly payments are lowered, either through interest rate reductions or principal only payments for a period of time, to accommodate the borrowers’ financial needs, interest is capitalized into principal, or the term and amortization are extended. Home equity modifications are made infrequently and usually involve providing an interest rate that is lower than the borrower would be able to obtain due to credit issues. All retail loans where the borrower is in bankruptcy are classified as TDRs regardless of whether or not a concession is made.
 
Of the loans modified in a TDR, $6.7 million are on non-accrual status and partial charge-offs have in some cases been taken against the outstanding balance. Loans modified as a TDR may have the financial effect of increasing the allowance associated with the loan. If the loan is determined to be collateral dependent, the estimated fair value of the collateral, less any selling costs is used to determine if there is a need for a specific allowance or charge-off. If the loan is determined to be cash flow dependent, the allowance is measured based on the present value of expected future cash flows discounted at the loan’s pre-modification effective interest rate.
 
The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month periods ending June 30, 2015 and June 30, 2014:
 
 
 
Loans Modified as a TDR for the Three
Months Ended June 30, 2015
($ in thousands)
 
Loans Modified as a TDR for the Six
Months Ended June 30, 2015
($ in thousands)
 
Troubled Debt Restructurings
 
Number of
Loans
 
Recorded Investment
(as of period end)
 
Number of
Loans
 
Recorded Investment
(as of period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family Owner Occupied
 
 
1
 
$
9
 
 
3
 
$
226
 
1-4 Family Non Owner Occupied
 
 
0
 
 
-
 
 
4
 
 
65
 
CRE Owner Occupied
 
 
1
 
 
582
 
 
1
 
 
582
 
CRE Non Owner Occupied
 
 
2
 
 
260
 
 
2
 
 
260
 
Agriculture Land
 
 
3
 
 
1,555
 
 
3
 
 
1,555
 
Other CRE
 
 
0
 
 
-
 
 
0
 
 
-
 
Commercial Working Capital
 
 
2
 
 
526
 
 
2
 
 
526
 
Commercial Other
 
 
1
 
 
57
 
 
1
 
 
57
 
Home Equity and Improvement
 
 
4
 
 
268
 
 
7
 
 
326
 
Consumer Finance
 
 
2
 
 
34
 
 
4
 
 
37
 
Total
 
 
16
 
$
3,291
 
 
27
 
$
3,634
 
 
The loans described above increased the ALLL by $53,000 in the three month period ending June 30, 2015 and increased the ALLL by $116,000 in the six month period ending June 30, 2015.
 
 
 
Loans Modified as a TDR for the Three
Months Ended June 30, 2014
($ In Thousands)
 
Loans Modified as a TDR for the Six
Months Ended June 30, 2014
($ In Thousands)
 
Troubled Debt Restructurings
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
 
7
 
$
674
 
 
15
 
$
1,372
 
Residential Non Owner Occupied
 
 
0
 
 
-
 
 
0
 
 
-
 
CRE Owner Occupied
 
 
0
 
 
-
 
 
0
 
 
-
 
CRE Non Owner Occupied
 
 
0
 
 
-
 
 
1
 
 
358
 
Agriculture Land
 
 
0
 
 
-
 
 
0
 
 
-
 
Other CRE
 
 
0
 
 
-
 
 
0
 
 
-
 
Commercial working capital or other
 
 
9
 
 
727
 
 
11
 
 
1,676
 
Home Equity / Improvement
 
 
4
 
 
82
 
 
7
 
 
167
 
Consumer Finance
 
 
1
 
 
17
 
 
2
 
 
19
 
Total
 
 
21
 
$
1,500
 
 
36
 
$
3,592
 
 
The loans described above increased the allowance for loan loss by $65,000 in the three month period ending June 30, 2014 and decreased the allowance for loan loss by $5,000 in the six month period ending June 30, 2014.
 
Of the 2015 modifications, 9 were made TDRs due to the fact that the borrower has been in bankruptcy, 1 was made TDR due to extending the amortization, 1 was made a TDR due to an interest only period, 11 were made TDRs due to advancing funds to a watchlist credit, 1 was to term out a line of credit and 4 were made to refinance current debt for payment relief.
 
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 three and six month periods ended June 30, 2015 and June 30, 2014:
 
 
 
Three Months Ended June 30, 2015
($ in thousands)
 
Six Months Ended June 30, 2015
($ in thousands)
 
Troubled Debt Restructurings
That Subsequently Defaulted
 
Number of
Loans
 
Recorded Investment
(as of period end)
 
Number of
Loans
 
Recorded Investment
(as of period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family Owner Occupied
 
 
0
 
$
-
 
 
0
 
$
-
 
1-4 Family Non Owner Occupied
 
 
1
 
 
104
 
 
1
 
 
104
 
CRE Owner Occupied
 
 
0
 
 
-
 
 
0
 
 
-
 
CRE Non Owner Occupied
 
 
0
 
 
-
 
 
0
 
 
-
 
Agriculture Land
 
 
0
 
 
-
 
 
0
 
 
-
 
Other CRE
 
 
0
 
 
-
 
 
0
 
 
-
 
Commercial Working Capital or Other
 
 
0
 
 
-
 
 
0
 
 
-
 
Commercial Other
 
 
0
 
 
-
 
 
0
 
 
-
 
Home Equity and Improvement
 
 
1
 
 
22
 
 
1
 
 
22
 
Consumer Finance
 
 
0
 
 
-
 
 
0
 
 
-
 
Total
 
 
2
 
$
126
 
 
2
 
$
126
 
 
The TDRs that subsequently defaulted described above had no effect on the allowance for loan losses for the three and six month periods ended June 30, 2015.
 
 
 
Three Months Ended June 30, 2014
($ In Thousands)
 
Six Months Ended June 30, 2014
($ In Thousands)
 
Troubled Debt Restructurings
That Subsequently Defaulted
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
Number of Loans
 
Recorded
Investment (as of
period end)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Owner Occupied
 
 
1
 
$
67
 
 
1
 
$
67
 
Residential Non Owner Occupied
 
 
1
 
 
183
 
 
1
 
 
183
 
CRE Owner Occupied
 
 
4
 
 
153
 
 
4
 
 
153
 
CRE Non Owner Occupied
 
 
0
 
 
-
 
 
0
 
 
-
 
Agriculture Land
 
 
0
 
 
-
 
 
0
 
 
-
 
Other CRE
 
 
0
 
 
-
 
 
0
 
 
-
 
Commercial working capital or other
 
 
3
 
 
387
 
 
3
 
 
387
 
Home Equity / Improvement
 
 
0
 
 
-
 
 
0
 
 
-
 
Consumer Finance
 
 
0
 
 
-
 
 
0
 
 
-
 
Total
 
 
8
 
$
790
 
 
9
 
$
790
 
 
The TDRs that subsequently defaulted described above decreased the allowance for loan losses by $2,000 for the three and six month period ended June 30, 2014.
 
The terms of certain other loans were modified during the period ending June 30, 2015 that did not meet the definition of a TDR. The modification of these loans involved a modification of the terms of a loan to borrowers who were not experiencing financial difficulties. A total of 115 loans were modified under this definition during the three month period ended June 30, 2015 and a total of 153 loans were modified under this definition during the six month period ended June 30, 2015.
 
In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification.
 
Credit Quality Indicators
 
Loans are categorized into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Loans are analyzed individually by classifying the loans as to credit risk. This analysis includes all non-homogeneous loans, such as commercial and commercial real estate loans and certain homogenous mortgage, home equity and consumer loans. This analysis is performed on a quarterly basis. First Defiance uses the following definitions for risk ratings:
 
Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date.
 
Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
 
Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
 
Not Graded. Loans classified as not graded are generally smaller balance residential real estate, home equity and consumer installment loans which are originated primarily by using an automated underwriting system. These loans are monitored based on their delinquency status and are evaluated individually only if they are seriously delinquent.
 
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of June 30, 2015, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands):
 
Class
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not
Graded
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family Owner Occupied
 
$
5,153
 
$
155
 
$
2,262
 
$
-
 
$
135,130
 
$
142,700
 
1-4 Family Non Owner Occupied
 
 
51,673
 
 
2,071
 
 
4,229
 
 
-
 
 
4,748
 
 
62,721
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total 1-4 Family Real Estate
 
 
56,826
 
 
2,226
 
 
6,491
 
 
-
 
 
139,878
 
 
205,421
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-Family Residential Real Estate
 
 
158,945
 
 
214
 
 
2,653
 
 
-
 
 
886
 
 
162,698
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
287,339
 
 
22,652
 
 
6,826
 
 
-
 
 
930
 
 
317,747
 
CRE Non Owner Occupied
 
 
254,929
 
 
6,053
 
 
4,061
 
 
-
 
 
52
 
 
265,095
 
Agriculture Land
 
 
95,480
 
 
2,215
 
 
1,019
 
 
-
 
 
-
 
 
98,714
 
Other CRE
 
 
39,321
 
 
62
 
 
3,277
 
 
-
 
 
522
 
 
43,182
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
677,069
 
 
30,982
 
 
15,183
 
 
-
 
 
1,504
 
 
724,738
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
77,346
 
 
347
 
 
-
 
 
-
 
 
12,933
 
 
90,626
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
148,750
 
 
3,662
 
 
1,187
 
 
-
 
 
-
 
 
153,599
 
Commercial Other
 
 
240,718
 
 
3,905
 
 
4,290
 
 
-
 
 
-
 
 
248,913
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
389,468
 
 
7,567
 
 
5,477
 
 
-
 
 
-
 
 
402,512
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home Equity and Home Improvement
 
 
-
 
 
-
 
 
560
 
 
-
 
 
109,608
 
 
110,168
 
Consumer Finance
 
 
-
 
 
-
 
 
7
 
 
-
 
 
14,890
 
 
14,897
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,359,654
 
$
41,336
 
$
30,371
 
$
-
 
$
279,699
 
$
1,711,060
 
 
As of December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands):
 
Class
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Not
Graded
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family Owner Occupied
 
$
4,230
 
$
131
 
$
3,048
 
$
365
 
$
135,306
 
$
143,080
 
1-4 Family Non Owner Occupied
 
 
51,327
 
 
2,404
 
 
4,872
 
 
7
 
 
5,174
 
 
63,784
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total 1-4 Family Real Estate
 
 
55,557
 
 
2,535
 
 
7,920
 
 
372
 
 
140,480
 
 
206,864
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-Family Residential Real Estate
 
 
152,290
 
 
220
 
 
3,236
 
 
-
 
 
914
 
 
156,660
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CRE Owner Occupied
 
 
273,406
 
 
18,448
 
 
9,953
 
 
-
 
 
1,175
 
 
302,982
 
CRE Non Owner Occupied
 
 
224,073
 
 
7,898
 
 
13,186
 
 
-
 
 
27
 
 
245,184
 
Agriculture Land
 
 
90,875
 
 
1,849
 
 
819
 
 
-
 
 
-
 
 
93,543
 
Other CRE
 
 
40,147
 
 
63
 
 
3,466
 
 
-
 
 
572
 
 
44,248
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate
 
 
628,501
 
 
28,258
 
 
27,424
 
 
-
 
 
1,774
 
 
685,957
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 
62,355
 
 
-
 
 
150
 
 
-
 
 
11,217
 
 
73,722
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Working Capital
 
 
128,229
 
 
6,287
 
 
1,444
 
 
-
 
 
-
 
 
135,960
 
Commercial Other
 
 
253,576
 
 
6,504
 
 
4,991
 
 
-
 
 
-
 
 
265,071
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial
 
 
381,805
 
 
12,791
 
 
6,435
 
 
-
 
 
-
 
 
401,031
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home Equity and Home Improvement
 
 
-
 
 
-
 
 
1,647
 
 
106
 
 
110,529
 
 
112,282
 
Consumer Finance
 
 
-
 
 
-
 
 
125
 
 
-
 
 
15,326
 
 
15,451
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
 
$
1,280,508
 
$
43,804
 
$
46,937
 
$
478
 
$
280,240
 
$
1,651,967
 
 
Foreclosure Proceedings
 
Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totaled $367,000 as of June 30, 2015.