Loans (Tables)

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Schedule of Components of Loans

The components of loans are as follows (in thousands):

	At June 30, 2017			At December 31, 2016
Residential real estate	$	26,801		$	27,334
Multi-family real estate		6,173			5,829
Commercial real estate		30,304			29,264
Land and construction		2,825			5,681
Commercial		5,510			10,514
Consumer		1,216			1,829
Total loans		72,829			80,451
Add (deduct):
Net deferred loan fees, costs and premiums		322			463
Allowance for loan losses		(3,895	)		(3,915	)
Loans, net	$	69,256		$	76,999

Schedule of Change in Allowance for Loan Losses

An analysis of the change in the allowance for loan losses follows (in thousands):

	Residential Real Estate			Multi-Family Real Estate			Commercial Real Estate			Land and Construction			Commercial			Consumer			Unallocated		Total
Three Months Ended June 30, 2017:
Beginning balance	$	302		$	73		$	818		$	65		$	126		$	152		$	2,379	$	3,915
(Credit) provision for loan losses		—			(11	)		(49	)		(10	)		(59	)		22			107		—
Charge-offs		—			—			—			—			—			(31	)		—		(31	)
Recoveries		—			—			—			6			—			5			—		11
Ending balance	$	302		$	62		$	769		$	61		$	67		$	148		$	2,486	$	3,895
Three Months Ended June 30, 2016:
Beginning balance	$	266		$	40		$	1,175		$	81		$	210		$	151		$	2,157	$	4,080
(Credit) provision for loan losses		(4	)		(1	)		(404	)		(23	)		(10	)		92			350		—
Charge-offs		—			—			—			—			—			(90	)		—		(90	)
Recoveries		—			—			241			6			—			3			—		250
Ending balance	$	262		$	39		$	1,012		$	64		$	200		$	156		$	2,507	$	4,240
Six Months Ended June 30, 2017:
Beginning balance	$	310		$	58		$	787		$	120		$	188		$	165		$	2,287	$	3,915
(Credit) provision for loan losses		(8	)		4			(18	)		(71	)		(121	)		15			199		—
Charge-offs		—			—			—			—			—			(40	)		—		(40	)
Recoveries		—			—			—			12			—			8			—		20
Ending balance	$	302		$	62		$	769		$	61		$	67		$	148		$	2,486	$	3,895
Six Months Ended June 30, 2016:
Beginning balance	$	116		$	26		$	1,085		$	77		$	120		$	151		$	720	$	2,295
Provision (credit) for loan losses		146			13			(2,122	)		(25	)		80			121			1,787		—
Charge-offs		—			—			—			—			—			(122	)		—		(122	)
Recoveries		—			—			2,049			12			—			6			—		2,067
Ending balance	$	262		$	39		$	1,012		$	64		$	200		$	156		$	2,507	$	4,240

	Residential Real Estate		Multi- Family Real Estate		Commercial Real Estate		Land and Construction		Commercial		Consumer		Unallocated		Total
At June 30, 2017:
Individually evaluated for impairment:
Recorded investment	$	371	$	—	$	991	$	—	$	—	$	—	$	—	$	1,362
Balance in allowance for loan losses	$	—	$	—	$	77	$	—	$	—	$	—	$	—	$	77
Collectively evaluated for impairment:
Recorded investment	$	26,430	$	6,173	$	29,313	$	2,825	$	5,510	$	1,216	$	—	$	71,467
Balance in allowance for loan losses	$	302	$	62	$	692	$	61	$	67	$	148	$	2,486	$	3,818
At December 31, 2016:
Individually evaluated for impairment:
Recorded investment	$	375	$	—	$	1,004	$	—	$	—	$	—	$	—	$	1,379
Balance in allowance for loan losses	$	—	$	—	$	104	$	—	$	—	$	—	$	—	$	104
Collectively evaluated for impairment:
Recorded investment	$	26,959	$	5,829	$	28,260	$	5,681	$	10,514	$	1,829	$	—	$	79,072
Balance in allowance for loan losses	$	310	$	58	$	683	$	120	$	188	$	165	$	2,287	$	3,811

Schedule of Loans by Credit Quality

The following summarizes the loan credit quality (in thousands):

	Pass		OLEM (Other Loans Especially Mentioned)		Sub- standard		Doubtful		Loss		Total
At June 30, 2017:
Residential real estate	$	23,038	$	3,392	$	371	$	—	$	—	$	26,801
Multi-family real estate		6,173		—		—		—		—		6,173
Commercial real estate		26,417		2,899		988		—		—		30,304
Land and construction		430		2,395		—		—		—		2,825
Commercial		5,510		—		—		—		—		5,510
Consumer		1,216		—		—		—		—		1,216
Total	$	62,784	$	8,686	$	1,359	$	—	$	—	$	72,829
At December 31, 2016:
Residential real estate	$	25,326	$	1,633	$	375	$	—	$	—	$	27,334
Multi-family real estate		5,829		—		—		—		—		5,829
Commercial real estate		25,979		1,174		2,111		—		—		29,264
Land and construction		5,636		45		—		—		—		5,681
Commercial		8,768		—		1,746		—		—		10,514
Consumer		1,823		—		6		—		—		1,829
Total	$	73,361	$	2,852	$	4,238	$	—	$	—	$	80,451

Schedule of Age Analysis of Past-due Loans

Age analysis of past-due loans is as follows (in thousands):

	Accruing Loans
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Nonaccrual Loans		Total Loans
At June 30, 2017:
Residential real estate	$	—	$	—	$	—	$	—	$	26,801	$	—	$	26,801
Multi-family real estate		—		—		—		—		6,173		—		6,173
Commercial real estate		—		—		—		—		30,304		—		30,304
Land and construction		—		—		—		—		2,825		—		2,825
Commercial		—		—		—		—		5,510		—		5,510
Consumer		—		—		—		—		1,216		—		1,216
Total	$	—	$	—	$	—	$	—	$	72,829	$	—	$	72,829
At December 31, 2016:
Residential real estate	$	—	$	—	$	—	$	—	$	26,959	$	375	$	27,334
Multi-family real estate		—		—		—		—		5,829		—		5,829
Commercial real estate		—		—		—		—		29,264		—		29,264
Land and construction		—		—		—		—		5,681		—		5,681
Commercial		—		—		—		—		10,514		—		10,514
Consumer		—		6		—		6		1,823		—		1,829
Total	$	—	$	6	$	—	$	6	$	80,070	$	375	$	80,451

Schedule of Impaired Loans

The following summarizes the amount of impaired loans (in thousands):

	At June 30, 2017						At December 31, 2016
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Residential real estate	$	371	$	497	$	—	$	375	$	501	$	—
Commercial real estate		234		234		—
With related allowance recorded -
Commercial real estate	$	757		757		77		1,004		1,004		104
Total
Residential real estate	$	371	$	497	$	—	$	375	$	501	$	—
Commercial real estate	$	991	$	991	$	77	$	1,004	$	1,004	$	104
Total	$	1,362	$	1,488	$	77	$	1,379	$	1,505	$	104

Schedule of Interest Income Recognized and Received On Impaired Loans

The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands):

	Three Months Ended June 30,
	2017						2016
	Average		Interest		Interest		Average		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
	Investment		Recognized		Received		Investment		Recognized		Received
Residential real estate	$	371	$	12	$	12	$	1,278	$	23	$	24
Commercial real estate	$	896	$	13	$	13	$	2,528	$	35	$	32
Total	$	1,267	$	25	$	25	$	3,806	$	58	$	56

	Six Months Ended June 30,
	2017						2016
	Average		Interest		Interest		Average		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
	Investment		Recognized		Received		Investment		Recognized		Received
Residential real estate	$	371	$	25	$	25	$	1,289	$	32	$	48
Commercial real estate	$	891	$	25	$	25	$	2,814	$	48	$	66
Total	$	1,262	$	50	$	50	$	4,103	$	80	$	114