PORTFOLIO LOANS (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Following is a comparative composition of net portfolio loans as of March 31, 2015 and December 31, 2014:

	March 31, 2015		% of Total Loans			December 31,  2014		% of Total Loans
	(Dollars in Thousands)
Real estate loans:
One- to four-family	$	250,211		54.3	%	$	237,151		53.0	%
Commercial		49,973		10.8	%		50,322		11.3	%
Other (land and multi-family)		14,820		3.2	%		14,680		3.3	%
Total real estate loans		315,004		68.3	%		302,153		67.6	%
Real estate construction loans:
One- to four-family		4,971		1.1	%		2,580		0.6	%
Commercial		4,608		1.0	%		2,939		0.6	%
Acquisition and development		-		-			-		-
Total real estate construction loans		9,579		2.1	%		5,519		1.2	%
Other portfolio loans:
Home equity		45,076		9.8	%		46,343		10.4	%
Consumer		48,459		10.5	%		49,854		11.2	%
Commercial		43,096		9.3	%		43,119		9.6	%
Total other portfolio loans		136,631		29.6	%		139,316		31.2	%
Total portfolio loans		461,214		100.0	%		446,988		100.0	%
Allowance for portfolio loan losses		(7,150)					(7,107)
Net deferred portfolio loan costs		5,111					5,122
Premiums and discounts on purchased loans, net		1,802					1,867
Portfolio loans, net	$	460,977				$	446,870

Past Due Financing Receivables [Table Text Block]

The following table presents the contractual aging of the recorded investment in past due loans by class of portfolio loans as of March 31, 2015 and December 31, 2014:

	Current		30 – 59 Days  Past Due		60 – 89 Days  Past Due		> 90 Days  Past Due		Total Past Due		Total
	(Dollars in Thousands)
March 31, 2015
Real estate loans:
One- to four-family	$	245,868	$	1,685	$	629	$	2,029	$	4,343	$	250,211
Commercial		49,472		-		-		501		501		49,973
Other (land and multi-family)		14,311		61		-		448		509		14,820
Total real estate loans		309,651		1,746		629		2,978		5,353		315,004
Real estate construction loans:
One- to four-family		4,971		-		-		-		-		4,971
Commercial		4,608		-		-		-		-		4,608
Acquisition and development		-		-		-		-		-		-
Total real estate construction loans		9,579		-		-		-		-		9,579
Other portfolio loans:
Home equity		44,562		514		-		-		514		45,076
Consumer		47,906		198		164		191		553		48,459
Commercial		42,751		23		-		322		345		43,096
Total other portfolio loans		135,219		735		164		513		1,412		136,631
Total portfolio loans	$	454,449	$	2,481	$	793	$	3,491	$	6,765	$	461,214
December 31, 2014
Real estate loans:
One- to four-family	$	233,654	$	923	$	338	$	2,236	$	3,497	$	237,151
Commercial		49,478		343		-		501		844		50,322
Other (land and multi-family)		14,569		-		111		-		111		14,680
Total real estate loans		297,701		1,266		449		2,737		4,452		302,153
Real estate construction loans:
One- to four-family		2,580		-		-		-		-		2,580
Commercial		2,939		-		-		-		-		2,939
Acquisition and development		-		-		-		-		-		-
Total real estate construction loans		5,519		-		-		-		-		5,519
Other portfolio loans:
Home equity		45,363		650		118		212		980		46,343
Consumer		49,255		363		51		185		599		49,854
Commercial		42,797		-		-		322		322		43,119
Total other portfolio loans		137,415		1,013		169		719		1,901		139,316
Total portfolio loans	$	440,635	$	2,279	$	618	$	3,456	$	6,353	$	446,988

Schedule of Performing and Non Performing Loans by Class of Loans [Table Text Block]

The following table presents performing and nonperforming portfolio loans by class of loans as of March 31, 2015 and December 31, 2014:

	Performing		Nonperforming		Total
	(Dollars in Thousands)
March 31, 2015
Real estate loans:
One- to four-family	$	247,523	$	2,688	$	250,211
Commercial		49,472		501		49,973
Other (land and multi-family)		14,363		457		14,820
Total real estate loans		311,358		3,646		315,004
Real estate construction loans:
One- to four-family		4,971		-		4,971
Commercial		4,608		-		4,608
Acquisition and development		-		-		-
Total real estate construction loans		9,579		-		9,579
Other portfolio loans:
Home equity		44,998		78		45,076
Consumer		48,118		341		48,459
Commercial		42,774		322		43,096
Total other portfolio loans		135,890		741		136,631
Total portfolio loans	$	456,827	$	4,387	$	461,214
December 31, 2014
Real estate loans:
One- to four-family	$	234,301	$	2,850	$	237,151
Commercial		49,821		501		50,322
Other (land and multi-family)		14,569		111		14,680
Total real estate loans		298,691		3,462		302,153
Real estate construction loans:
One- to four-family		2,580		-		2,580
Commercial		2,939		-		2,939
Acquisition and development		-		-		-
Total real estate construction loans		5,519		-		5,519
Other portfolio loans:
Home equity		46,131		212		46,343
Consumer		49,315		539		49,854
Commercial		42,797		322		43,119
Total other portfolio loans		138,243		1,073		139,316
Total portfolio loans	$	442,453	$	4,535	$	446,988

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents the risk category of commercial and other real estate portfolio loans evaluated by internal asset classification as of March 31, 2015 and December 31, 2014:

	Pass		Special  Mention		Substandard		Doubtful		Total
					(Dollars in Thousands)
March 31, 2015
Real estate loans:
Commercial	$	45,885	$	2,387	$	1,701	$	-	$	49,973
Other (land and multi-family)		8,772		-		6,048		-		14,820
Total real estate loans		54,657		2,387		7,749		-		64,793
Real estate construction loans:
Commercial		4,608		-		-		-		4,608
Total real estate construction loans		4,608		-		-		-		4,608
Other portfolio loans:
Commercial		40,600		1,835		661		-		43,096
Total other portfolio loans		40,600		1,835		661		-		43,096
Total portfolio loans	$	99,865	$	4,222	$	8,410	$	-	$	112,497
December 31, 2014
Real estate loans:
Commercial	$	46,749	$	2,084	$	1,489	$	-	$	50,322
Other (land and multi-family)		8,613		-		6,067		-		14,680
Total real estate loans		55,362		2,084		7,556		-		65,002
Real estate construction loans:
Commercial		2,939		-		-		-		2,939
Total real estate construction loans		2,939		-		-		-		2,939
Other portfolio loans:
Commercial		40,439		1,985		695		-		43,119
Total other portfolio loans		40,439		1,985		695		-		43,119
Total portfolio loans	$	98,740	$	4,069	$	8,251	$	-	$	111,060

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Activity in the allowance for the three months ended March 31, 2015 and 2014 was as follows:

	Beginning Balance		Charge-Offs		Recoveries		Provisions		Ending Balance
					(Dollars in Thousands)
March 31, 2015
Real estate loans:
One- to four-family	$	3,206	$	(136)	$	110	$	14	$	3,194
Commercial		1,023		-		-		37		1,060
Other (land and multi-family)		225		(26)		29		(3)		225
Total real estate loans		4,454		(162)		139		48		4,479
Real estate construction loans:
One- to four-family		16		-		-		25		41
Commercial		19		-		-		20		39
Acquisition and development		-		-		-		-		-
Total real estate construction loans		35		-		-		45		80
Other portfolio loans:
Home equity		992		(110)		8		49		939
Consumer		844		(88)		59		35		850
Commercial		663		-		-		(34)		629
Total other portfolio loans		2,499		(198)		67		50		2,418
Unallocated		119		-		-		54		173
Total	$	7,107	$	(360)	$	206	$	197	$	7,150
March 31, 2014
Real estate loans:
One- to four-family	$	3,188	$	(304)	$	88	$	329	$	3,301
Commercial		827		-		1		137		965
Other (land and multi-family)		282		(8)		8		33		315
Total real estate loans		4,297		(312)		97		499		4,581
Real estate construction loans:
One- to four-family		-		-		-		-		-
Commercial		125		-		-		(103)		22
Acquisition and development		-		-		-		-		-
Total real estate construction loans		125		-		-		(103)		22
Other portfolio loans:
Home equity		1,046		(140)		29		(22)		913
Consumer		1,223		(246)		126		(66)		1,037
Commercial		214		-		-		87		301
Total other portfolio loans		2,483		(386)		155		(1)		2,251
Unallocated		41		-		-		55		96
Total	$	6,946	$	(698)	$	252	$	450	$	6,950

Schedule of Allowance for Loan Losses Based on Impairment Method [Table Text Block]

The following table presents ending balances for the allowance and portfolio loans based on the impairment method as of March 31, 2015:

	Individually  Evaluated for  Impairment		Collectively  Evaluated for  Impairment		Total Ending  Balance
			(Dollars in Thousands)
Allowance for portfolio loan losses:
Real estate loans:
One- to four-family	$	1,349	$	1,845	$	3,194
Commercial		302		758		1,060
Other (land and multi-family)		90		135		225
Total real estate loans		1,741		2,738		4,479
Real estate construction loans:
One- to four-family		-		41		41
Commercial		-		39		39
Acquisition and development		-		-		-
Total real estate construction loans		-		80		80
Other portfolio loans:
Home equity		474		465		939
Consumer		223		627		850
Commercial		56		573		629
Total other portfolio loans		753		1,665		2,418
Unallocated		-		173		173
Total ending allowance for portfolio loan losses balance	$	2,494	$	4,656	$	7,150
Portfolio loans:
Real estate loans:
One- to four-family	$	19,662	$	230,549	$	250,211
Commercial		3,844		46,129		49,973
Other (land and multi-family)		7,159		7,661		14,820
Total real estate loans		30,665		284,339		315,004
Real estate construction loans:
One- to four-family		-		4,971		4,971
Commercial		-		4,608		4,608
Acquisition and development		-		-		-
Total real estate construction loans		-		9,579		9,579
Other portfolio loans:
Home equity		3,612		41,464		45,076
Consumer		1,480		46,979		48,459
Commercial		710		42,386		43,096
Total other portfolio loans		5,802		130,829		136,631
Total ending portfolio loans balance	$	36,467	$	424,747	$	461,214

The following table presents ending balances for the allowance and portfolio loans based on the impairment method as of December 31, 2014:

	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Total Ending Balance
			(Dollars in Thousands)
Allowance for portfolio loan losses:
Real estate loans:
One- to four-family	$	1,374	$	1,832	$	3,206
Commercial		311		712		1,023
Other (land and multi-family)		91		134		225
Total real estate loans		1,776		2,678		4,454
Real estate construction loans:
One- to four-family		-		16		16
Commercial		-		19		19
Acquisition and development		-		-		-
Total real estate construction loans		-		35		35
Other portfolio loans:
Home equity		490		502		992
Consumer		217		627		844
Commercial		57		606		663
Total other portfolio loans		764		1,735		2,499
Unallocated		-		119		119
Total ending allowance for portfolio loan losses balance	$	2,540	$	4,567	$	7,107
Portfolio loans:
Real estate loans:
One- to four-family	$	18,885	$	218,266	$	237,151
Commercial		3,884		46,438		50,322
Other (land and multi-family)		7,131		7,549		14,680
Total real estate loans		29,900		272,253		302,153
Real estate construction loans:
One- to four-family		-		2,580		2,580
Commercial		-		2,939		2,939
Acquisition and development		-		-		-
Total real estate construction loans		-		5,519		5,519
Other portfolio loans:
Home equity		3,860		42,483		46,343
Consumer		1,489		48,365		49,854
Commercial		809		42,310		43,119
Total other portfolio loans		6,158		133,158		139,316
Total ending portfolio loans balance	$	36,058	$	410,930	$	446,988

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

Following this period such a modified loan is returned to accrual status and is classified as impaired and reported as a performing TDR. TDRs classified as impaired loans as of March 31, 2015 and December 31, 2014 were as follows:

	March 31, 2015		December 31, 2014
	(Dollars in Thousands)
Real estate loans:
One- to four-family	$	19,480	$	18,885
Commercial		3,563		3,248
Other (land and multi-family)		6,994		6,947
Total real estate loans		30,037		29,080
Real estate construction loans:
One- to four-family		-		-
Commercial		-		-
Acquisition and development		-		-
Total real estate construction loans		-		-
Other portfolio loans:
Home equity		3,612		3,816
Consumer		1,428		1,379
Commercial		554		606
Total other portfolio loans		5,594		5,801
Total TDRs classified as impaired loans	$	35,631	$	34,881

Schedule of Troubled Debt Restructurings and Defaults on Troubled Debt Restructurings [Table Text Block]

The following table presents information on TDRs during the three months ended March 31, 2015 and 2014:

	Number of Contracts	Pre-Modification  Outstanding Recorded  Investments		Post-Modification  Outstanding Recorded  Investments
		(Dollars in Thousands)
March 31, 2015
Troubled debt restructuring:
Real estate loans:
One- to four-family	9	$	1,099	$	1,099
Other (land and multi-family)	2		61		61
Total real estate loans	11		1,160		1,160
Other portfolio loans:
Home equity	3		247		247
Consumer	2		10		10
Total other portfolio loans	5		257		257
Total troubled debt restructurings	16	$	1,417	$	1,417
March 31, 2014
Troubled debt restructuring:
Real estate loans:
One- to four-family	11	$	3,517	$	3,517
Total real estate loans	11		3,517		3,517
Other portfolio loans:
Home equity	3		134		134
Total other portfolio loans	3		134		134
Total troubled debt restructurings	14	$	3,651	$	3,651

Impaired Financing Receivables [Table Text Block]

The following table presents information about impaired portfolio loans as of March 31, 2015:

	Recorded		Unpaid		Related
	Investment		Principal Balance		Allowance
			(Dollars in Thousands)
With no related allowance recorded:
Real estate loans:
One- to four-family	$	-	$	-	$	-
Commercial		1,172		1,172		-
Other (land and multi-family)		6,048		6,048		-
Total real estate loans		7,220		7,220		-
Real estate construction loans:
One- to four-family		-		-		-
Commercial		-		-		-
Acquisition and development		-		-		-
Total real estate construction loans		-		-		-
Other portfolio loans:
Home equity		-		-		-
Consumer		-		-		-
Commercial		280		280		-
Total other portfolio loans		280		280		-
Total with no related allowance recorded	$	7,500	$	7,500	$	-
With an allowance recorded:
Real estate loans:
One- to four-family	$	19,662	$	19,761	$	1,349
Commercial		2,672		2,672		302
Other (land and multi-family)		1,111		1,162		90
Total real estate loans		23,445		23,595		1,741
Real estate construction loans:
One- to four-family		-		-		-
Commercial		-		-		-
Acquisition and development		-		-		-
Total real estate construction loans		-		-		-
Other portfolio loans:
Home equity		3,612		3,769		474
Consumer		1,480		1,480		223
Commercial		430		430		56
Total other portfolio loans		5,522		5,679		753
Total with an allowance recorded	$	28,967	$	29,274	$	2,494

The following table presents information about impaired portfolio loans as of December 31, 2014:

	Recorded Investment		Unpaid Principal Balance		Related Allowance
			(Dollars in Thousands)
With no related allowance recorded:
Real estate loans:
One- to four-family	$	-	$	-	$	-
Commercial		1,182		1,182		-
Other (land and multi-family)		5,694		5,694		-
Total real estate loans		6,876		6,876		-
Real estate construction loans:
One- to four-family		-		-		-
Commercial		-		-		-
Acquisition and development		-		-		-
Total real estate construction loans		-		-		-
Other portfolio loans:
Home equity		-		-		-
Consumer		-		-		-
Commercial		371		371		-
Total other portfolio loans		371		371		-
Total with no related allowance recorded	$	7,247	$	7,247	$	-
With an allowance recorded:
Real estate loans:
One- to four-family	$	18,885	$	18,984	$	1,374
Commercial		2,702		2,702		311
Other (land and multi-family)		1,437		1,488		91
Total real estate loans		23,024		23,174		1,776
Real estate construction loans:
One- to four-family		-		-		-
Commercial		-		-		-
Acquisition and development		-		-		-
Total real estate construction loans		-		-		-
Other portfolio loans:
Home equity		3,860		4,063		490
Consumer		1,489		1,489		217
Commercial		438		438		57
Total other portfolio loans		5,787		5,990		764
Total with an allowance recorded	$	28,811	$	29,164	$	2,540

Schedule of Interest Income on Impaired Loans by Class of Loans [Table Text Block]

The following table presents interest income on impaired portfolio loans by class of portfolio loans for the three months ended March 31, 2015 and 2014:

			Interest Income		Cash Basis  Interest Income
	Average Balance		Recognized		Recognized
			(Dollars in Thousands)
March 31, 2015
Real estate loans:
One- to four-family	$	19,274	$	235	$	-
Commercial		3,864		38		-
Other (land and multi-family)		7,145		61		-
Total real estate loans		30,283		334		-
Real estate construction loans:
One- to four-family		-		-		-
Commercial		-		-		-
Acquisition and development		-		-		-
Total real estate construction loans		-		-		-
Other portfolio loans:
Home equity		3,736		44		-
Consumer		1,485		23		-
Commercial		760		6		-
Total other portfolio loans		5,981		73		-
Total	$	36,264	$	407	$	-
March 31, 2014
Real estate loans:
One- to four-family	$	16,014	$	186	$	-
Commercial		6,462		80		-
Other (land and multi-family)		7,108		68		-
Total real estate loans		29,584		334		-
Real estate construction loans:
One- to four-family		-		-		-
Commercial		-		-		-
Acquisition and development		-		-		-
Total real estate construction loans		-		-		-
Other portfolio loans:
Home equity		3,817		46		-
Consumer		714		16		-
Commercial		608		9		-
Total other portfolio loans		5,139		71		-
Total	$	34,723	$	405	$	-

Schedule of Origination of Loans with Related Parties [Table Text Block]

The activity on these loans during the three months ended March 31, 2015 and the year ended December 31, 2014 was as follows:

 

	March 31, 2015		December 31, 2014
	(Dollars in Thousands)
Beginning balance	$	169	$	137
New portfolio loans and advances on existing loans		27		-
Effect of changes in related parties		-		37
Repayments		(2)		(5)
Ending balance	$	194	$	169