Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2019

Loans and Leases Receivable Disclosure [Abstract]

The following table presents the Bank’s key credit quality indicators as of December 31, 2019 and 2018.



	2019			2018
Payment Status	Recorded Investment⁽¹⁾			Recorded Investment⁽¹⁾
30 – 59 days delinquent	$	15		$	15
60 – 89 days delinquent	2			2
90 days or more delinquent	7			9
Total past due	24			26
Total current loans	3,310			3,058
Total mortgage loans	$	3,334		$	3,084
In process of foreclosure, included above⁽²⁾	$	—		$	3
Nonaccrual loans	$	7		$	9
Serious delinquencies as a percentage of total mortgage loans outstanding⁽³⁾	0.22		%	0.31		%


(1)	The recorded investment in a loan is the unpaid principal balance of the loan, adjusted for accrued interest, net deferred loan fees or costs, unamortized premiums or discounts, and direct write-downs. The recorded investment is not net of any valuation allowance.


(2)	Includes loans for which the servicer has reported a decision to foreclose or to pursue a similar alternative, such as deed-in-lieu. Loans in process of foreclosure are included in past due or current loans depending on their delinquency status.

(3)

Represents loans that are 90 days or more past due or in the process of foreclosure as a percentage of the recorded investment of total mortgage loans outstanding.

Schedule of Allowance for Credit Losses and Recorded Investment by Impairment Methodology

The recorded investment by impairment methodology for individually and collectively evaluated impaired loans is as follows:



	2019		2018
Recorded investment, end of the period:
Individually evaluated for impairment	$	5	$	7
Collectively evaluated for impairment	3,329		3,077
Total recorded investment	$	3,334	$	3,084

Schedule of Recorded Investment, Unpaid Principal Balance and Related Allowance of Impaired Loans

The recorded investment and unpaid principal balance of impaired loans individually evaluated for impairment totaled $5 and $5, respectively, at December 31, 2019. The recorded investment and unpaid principal balance of impaired loans individually evaluated for impairment totaled $7 and $7, respectively, at December 31, 2018.