Accrued Interest Receivable (Tables)

12 Months Ended

Dec. 31, 2019

Accrued Interest Receivable [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans receivable net of loans in process (“LIP”) at December 31, 2019, and 2018 are summarized as follows:



	December 31,
	2019		2018
	(In thousands)
One-to-four family residential:
Permanent owner occupied	$	210,898	$	194,141
Permanent non-owner occupied	161,630		147,825
	372,528		341,966
Multifamily:
Permanent	172,915		169,355
	172,915		169,355
Commercial real estate:
Permanent	395,152		373,798
	395,152		373,798
Construction/land: ⁽¹⁾
One-to-four family residential	44,491		51,747
Multifamily	40,954		40,502
Commercial	19,550		9,976
Land	8,670		6,629
	113,665		108,854

Business	37,779		30,486
Consumer	30,199		12,970
Total loans	1,122,238		1,037,429
Less:
Deferred loan fees, net	558		1,178
Allowance for loan and lease losses ("ALLL")	13,218		13,347
Loans receivable, net	$	1,108,462	$	1,022,904

____________

⁽¹⁾

Included in the construction/land category are “rollover” loans, which are loans that will convert upon completion of the construction period to permanent loans. At that time, the loans will be classified according to the underlying collateral. In addition, raw land or buildable lots, where the Company does not intend to finance the construction are included in the construction/land category. At December 31, 2019, we classified $38.6 million of multifamily loans, $8.7 million of commercial land loans, $3.5 million of one-to-four family residential and $18.3 million of commercial real estate loans as construction/land loans to facilitate the review of the composition of our loan portfolio. At December 31, 2018, $25.2 million of multifamily loans, $6.2 million of commercial land loans, $602,000 one-to-four family residential and $10.0 million of commercial real estate loans were reclassified to the construction/land category.

Accrued interest receivable consisted of the following at December 31, 2019 and 2018:



	December 31,
	2019		2018
	(In thousands)
Loans receivable	$	3,518	$	3,366
Investments	603		699
Interest-earning deposits	17		3
	$	4,138	$	4,068